Topic: Only Sell what you don't need. - page 5. (Read 812 times)

Of course you can't tell people what to do with their money, but there's a rule of thumb that you shouldn't take loans or sell your properties to invest in Bitcoin, and that's because Bitcoin isn't a get rich scheme like many people imagine and quite a lot of times people buy Bitcoin with money they can't afford to lose and money they need for something important in RL, thus when they need the money, it is possible that Bitcoin price has dumped and they have to sell at a loss.

That being said, Bitcoin is not going to fail like most altcoins do and if you can hodl it without needing the money in the long term, then you can buy with any amount you feel is right, but don't take a risk on Bitcoin because other people did the same thing.

The gleeful claims of having sold the property made by posters on this forum do not strike me as entirely justified and I harbor doubts about such claims. Even if it is true, it has absolutely nothing to do with me because what is being sold is theirs, not mine.

People's investing intelligence is different. Whatever the reality of the matter, it seems to me that you have opened up a discussion that could possibly reduce the extremes of Bitcoin investment.
People's intelligence in making money or assets sit idle without making a profit is different. Investors who are wise in their thinking will probably not invest by selling property.
Selling land, if not more than one house for me is impossible with the assumption of where he will live when the house is sold. If house 1 is sold, he can live in house 2.

Going back to the OP's first paragraph, what is being sold is the asset. It is clear that this is their right and we cannot dictate it.

Every investment made must have the aim of making a profit and those who invest in Bitcoin are expected to make a profit in the future. However, for prospective Bitcoin investors, it is better for you to prioritize important things first, such as a house or land, don't let your family live in a rented house while you have a lot of Bitcoin. investing in bitcoin must be smart, always sell liabilities to buy bitcoin, don't use money that you can't afford to lose because the effect will be fatal, if you hear that there are bitcoin investors who are trading in large amounts of bitcoin, believe me that person already has safe assets first then he invested in bitcoin.

I say do whatever you want as long as you have the full conviction and the right knowledge. I know a Bitcoin maximalist that liquidated his stocks and real estate investments and turned all of it into bitcoin investments. These folks do not give two fucks about investing what you can afford to lose. They go all in 100%.

Albeit, this is a solid advice from the OP especially for small bitcoin holders and retail investors.

Buying one coin is only risk for example if  a person who have more invest like I can say he has invested all his money in a single coin then it would definitely be too risk for that person who only have funds in one coins right now. If that coin falls then he will be in huge loss, but if that coin go up then he can get a good profit. So, there will be a 50% chance in each case. And when he splits the investment in more coins then there will be less risks and may be he got some good profit from 3-4 different coins.

And also, in the crypto and for the crypto taking loan from other and selling own house I don't think it make a sense, because it would be too risky and that no one like to sell his house for more risky tasks.

It is important that we use wisdom and intellect in anything we plan to do. We don't have to exchange our valuable item for something else just because we think it's more important than the other, especially if there are reasonable alternatives to obtain the valuable item we traded elsewhere, no matter how little it is.

In my opinion, it is not thoughtful for someone to sell all of their property, like land, and use the entire proceeds to invest in bitcoin without retaining any portion of the proceeds or using it to purchase a smaller piece of land elsewhere in case the person's bitcoin investment is later defrauded or hack by scammers. In other words, the recently purchased landed property won't turn out the same because there's a chance its value will increase with time.

Therefore, it's okay if someone uses some of the proceeds from the sale of their land(no matter how little)to purchase land elsewhere because both bitcoin and landed property  increase in value over time.

OP, it depends on the property that the person is willing to sell because you are only emphasing on land but it is not only land that is a property that people in this forum have sold. If it is an asset like land, then there is no need to sell such asset because it will appreciate with time. Instead, you should look for another means to make earnings so that you can use that to invest in bitcoin.

However, if it is a property that will depreciate, like bike or household properties, it will be good when they are sold to invest in bitcoin because with time they will depreciate and might even need you to keep maintaining them with the funds on you. If you sell such and buy bitcoin, you will make profit from your bitcoin investment and buy back those properties and still have some fractions of bitcoin in your wallet after the bull run.

IMHO those that have sold their properties to buy Bitcoin have really think of it for so many times. Maybe there are some few of them that never really did but just did it due to the hype and that's the mistake for doing this.

While the family that's known for doing this have been doing well now and there's left and right engagement because that decision was like the best decision so far.

But not everyone is going to have the same path as his and this is a good reminder for those that thinks that they should own Bitcoin and sacrifice their property. Before doing that, you can always consider to DCA.

I agree with You at OP but at other hand, the application of fear doesn't make good counts in chasing wealth unless the sector of the wealth generation is flexible to your wills otherwise you have to Invest with what in meaningful so to achieve meaningful results as an income.
You must understand that there some useful properties that are not in used in a meantime but doesn't mean it is useless, there are also properties tends to be liabilities which could still be in used.
So, looking at this, can sell them not just at any cause but insighting on the course of investing to creat wealths.

The embedded risk in the Bitcoin volatility isn't a threat to its investors as long one is conciously hold of its private keys and is determined to patient and trades on a long-term running. As long Bitcoin remains reliable it is worth placing bet on as long you don't stake with a borrowed fun or sold ones properties to acquire capital to invest.

This is like splitting one investment asset into two or more assets. This method may be interesting and successful for those who do have understanding and experience in investing. and for beginners, you might be interested but it's better not to. As you mentioned, there are many risks.

The choice of selling land or property assets to invest in Bitcoin may require the right market momentum. like a market crash that caused the price of Bitcoin to experience a very deep decline. and it makes it possible to buy large amounts of Bitcoin for long-term investment.

So, after scanning and reading the title carefully I've realized the moral of the story in the OP is just portfolio diversification or you can say efficient assets management/diversification. I've got it OP whatever you wanted to convey and summarized in the term relevant trading term.

TBH, it user funds/assets, so better for him to own his decisions rather than asking others or seeking guidance from others, take some independent steps it will make you able to service the hard times, what are our teachers' and society's teachings are in hard times no ones hold your experience except our experience and your courage of being bold.

Your life property are your rules.

Most often, greed overshadows any wisdom, which leads to spontaneous actions.

Well, why do this? Bitcoiners prefer to sell everything they have for zero, and invest all the proceeds in crypto, waiting for the approach of wealth.

With part of the money you can buy anything that brings profit or reduces the impact of inflation: be it a share in a business, gold or real estate (anything). In principle, you can just keep the cash so that if a bitcoin exchange rate drops you don’t have to beg and become homeless (because what kind of investment would it be if you sell at a loss).

These two cents are very valuable and are something akin to risk diversification when betting on more than just one horse.

Some people don't realise that every asset they own, whether current or future, has a purpose, and that every investment has benefits of its own. As a result, selling one asset to buy another doesn't always make sense, nor does it make sense to leave a particular investment to participate in a different one. In my view, it is not ideal to sell off a land to invest in bitcoin because the two are distinct entities with various values that are each advantageous in their own unique ways. Applying caution while selling a property to invest in bitcoin is essential because it is a risky investment because of it's volatility. Make sure you have enough of this type of property so that when you sell one, you still have some left and you aren't fully withdrawing from one investment to join another. If one does not exercise caution, they may have regrets in the future, especially since bitcoin price movements can be in any direction.

Furthermore, people must understand that bitcoin investing does not require a large capital investment, therefore there is no need to sell any property to invest in bitcoin. You can always start with a small quantity of money and gradually accumulate enough bitcoin known as the DCA strategy.

No one can decide what to do with your property for you, but whatever you do, make sure you think about it thoroughly before making a decision since if something goes wrong, only they will bear the repercussions. All we can do is advise them on the best course of action to take. You make an excellent point that if they chose to sell any property, they should not spend all of the money on bitcoin so that they have a backup in case things go wrong.

We all have our different opinions about etwas. I have always been of the opinion of not selling anything at all in regard of wanting to acquire Bitcoin, that's a wrong decision to take, too much of everything is bad and that's where addiction comes in. There are people who are also investmentaddicts. They are so obsessed with bitcoin, up to the extent of not even caring about their health. 
 
If you are in real estate or you have some sort of business that you do to earn more, when you invest in landed property or in whatever the case maybe, the capital is not what we should joke with, and the investment turns out to give you a return, which is good. Selling such is not a bad idea, after all, that was the purpose for the property: You invest in it to make profit, and you can also decide to change your investment decision, which is totally fine. 
 
But in regard to those who sell off their cars when they have only one and the need for the car is very essential to the family, they sell off their family house and invest the money in bitcoin with the hope to get a higher return back. Those set lack good financial management, the risk they are taking is higher than the return they might get, their are some kind of risks we take and the properties we lose as a result of that becomes hard to reclaim in the future.

This is mainly applicable to extra property or let say funds. Since the value of land also increases in due time as its belong to real state investment. Its quite risky to put that into speculative coin like bitcoin and ending up being sold fully and lost that property. Might as well gamble your extra fund than your property for me.

I quite agree with your viewpoint because if you actually look at it, selling off your land to buy Bitcoin is like selling off one promising investment to engage in another profitable but highly risky one. Land appreciates over the years and if you are impatient to sell just because you may have heard the profits attached to Bitcoin investment, if cares not taken you can sell off your Bitcoin when price doesn't appreciate and as it is a very volatile coin, there's the possibility of it experiencing lows which can discourage who doesn't have the courage to hold.

Those are extremely decisions but unfortunately some people who have sold their properties or land to invest into Bitcoin in the past were the ones without any alternative as they just put their last dime on into it. Not only specific to crypto but it's a common sense that one shouldn't bet their basic necessities for anything and it has to be a calculated risk every rather blunders like investing everything and getting into debt. I have know some fools taking bank loans and investing into Bitcoin assuming they would get the capital back before they pay their first EMI but things turned ugly. FOMO is the reason why people end up being vulnerable like this.

I think that selling something from home is already a bad trait. If you do not have additional income that can be invested and you are not afraid that at some point it may be lost, then it is better not to rush into investments. Selling real estate, I would say, is a mistake to make, as real estate is already considered an investment that has grown over time. Selling little things makes you smile. If you don’t have extra money, you shouldn’t take off your last clothes; investing pennies will still not make you richer.

I have some thing like this in mind to sell my land and invest the money on BTC and hodl for the price to increase higher before I can sell to make a good profits, but with this your orientation, I don't think I will invest all the money on BTC if I sell the land because, some thing can happen to my BTC wallet that will make my efforts to be in Vail. Many people are rushing me with huge amount of money about the land base on the land is an open place, and they are ready to buy it with any amount of money I want to sell the land but I want to get another place where I can use small amount of money to buy another land and invest the remaining money on BTC and, this your trend resent my mind now.

I believe the two investments will surely bring me a good profits in the future because, the land will appreciate in 10 years to come and, the BTC price will rise higher in 5 years to come to allow me to achieve a good profits that will give me more confident to increase my capital.

First I'll like to differ on the popular saying on this forum that we should only invest what we can afford to loose in bitcoin. I think that we should change that mindset, because it degrades bitcoin, like it's something that is not worth investing a substantial amount on. Among cryptocurrencies, bitcoin, stands out as a top valued asset that guarantees ROI for investors. So don't use the amount that you can afford to loose to invest in bitcoin, use a substantial amount from the capital that you have mapped out profitable long term investments. It's true that bitcoin is volatile, but if you invest on a long term, you'll meet ATH and bull runs, to multiply your capital and you can cash in at anytime, no restrictions.