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Topic: Planning to invest in Bitcoin to perform Hajj. (Read 933 times)

full member
Activity: 1176
Merit: 100
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I have an investment plan for my mother by collecting $3 every day from the results of my mother's business and that $3 is a small portion of my mother's business profits. My mother owned a grocery store and after my father died, I built a grocery store for my mother with the goal of giving my mother something to do at home.
And my mother already knows that I have been involved with Bitcoin for a long time and I have discussed this, and my mother agrees because she knows the benefits and changes that I get from Bitcoin in the long run. And my mother has great hopes that Bitcoin can provide good profits in the long term, she wants to use these profits to perform the Hajj or can be used as extra money which my mother has long planned.

And I would like to know your opinion whether this plan will be successful in the long term and aims to provide additional funds to carry out the long-desired Hajj. My mother is currently 60 years old and wants to perform the Hajj at the age of 70, and my mother also has savings that she has been working on for a long time and also has the same goal and is sometimes used for emergency funds.
And with this I took the initiative to plan this which I will do in stages and my plan is, using $3 a day from my mother's grocery store in 30 days = $90 that I will spend in Bitcoin every month. And I will also increase my purchases when my mother has excess money or unexpected money because that often happens.

And I ask for prayers from the BTT Forum which I respect so that my mother's dream of performing the Hajj can come true.
This is a very noble intention, all Muslims have dreams like you, wanting to make their parents happy. In the Islamic religion, making your parents happy is making it possible for your parents to perform the Hajj pilgrimage, continued my brother, this is a very good intention, our prayers are with you, may all your plans come true, amen.
full member
Activity: 420
Merit: 130
If Bitcoin is haram according to Islamic Shari'ah then performing Hajj with Bitcoin money will not be halal.  Many have compared Bitcoin to a legitimate business because Bitcoin is considered a legitimate income.  If Bitcoin is a halal income then performing Hajj from the money invested in Bitcoin will not be considered haram.
sr. member
Activity: 798
Merit: 364
And I would like to know your opinion whether this plan will be successful in the long term and aims to provide additional funds to carry out the long-desired Hajj. My mother is currently 60 years old and wants to perform the Hajj at the age of 70, and my mother also has savings that she has been working on for a long time and also has the same goal and is sometimes used for emergency funds.
And with this I took the initiative to plan this which I will do in stages and my plan is, using $3 a day from my mother's grocery store in 30 days = $90 that I will spend in Bitcoin every month. And I will also increase my purchases when my mother has excess money or unexpected money because that often happens.

Planning ahead for a journey like Hajj is very important but the problem here is the volatility of Bitcoin. Bitcoin price has not always been stable despite that it has been increasing over the time. The possibility of being more valuable in the next ten years as you plan is somehow high but it is also possible that it might suffer setback during that period of ten years later. I understand the importance of Hajj in Islam but it's not mandatory for the less privilege. You can not just save to embark on the journey and after the journey you become a liability to your relatives. There are other several ways to earn rewards and pleasing the lord without attending Hajj. I wish you accomplish your dream even faster than expected but the reason I am saying this is for you and your mother not to feel too bad in case things don't go as planned. A trip to Hajj is a predestined and I pray your mother is among those destine to perform it in their lifetime.

Can I know what is Haji?

And your account name is MusaMohamed? Is there anything I'm not understanding here? Well, Hajj is one of the five pillars of Islam which mean a trip to Mecca to perform religious activities.
full member
Activity: 807
Merit: 150
Performing the Hajj has become the dream of every Muslim and they have to prepare money that can take them to the holy land with money that comes from their hard work so that they can carry out their pilgrimage well and perfectly, as you said there are indeed some people who sell some their wealth to be able to perform the Hajj, but for those who do not have any inheritance, of course they must try as much as possible to be able to complete the Hajj by collecting money in a halal way.

If you are still confused about whether Bitcoin is halal or haram then it would be better for you to follow someone you can trust and who will not make you doubt what you are following.
Bitcoin is an asset. If you invest in anything, its price will fall and rise, there will be a possibility of profit loss. Business Halal business has profit and loss. Different products are used in business but digital currency is used here.  So how is it forbidden?  But since I don't know hadith well, I also can't say with guarantee whether it is halal or haram. But for Hajj I think it would be better to save FIAT money.  In this he will be able to perform Hajj within a certain period.  Because in this case they will know how long they have to save money to manage their entire money
Someone who invests will of course be able to make profits and losses depending on how they run their investment or business and in my opinion both in business as you mentioned and digital currency both need money to be able to run their investments so where is the difference you mentioned?
Yes, you don't really understand it well, of course you should avoid things that are detrimental to yourself and never collect Bitcoins for Hajj and you must manage your money well so you can make Hajj.
sr. member
Activity: 1400
Merit: 420
Hajj is a holy thing and every Muslim wishes to perform Hajj at least once in his life. However, Muslims believe that the cost of performing Hajj should be paid only with holy money, so people sell their material possessions and perform Hajj with their hard earned Halal money. Many Islamic scholars say that bitcoin money is not completely halal, while others say that it is halal. But I myself am confused about this.  So I'd say at least it's not a very good idea to save money in bitcoins for Hajj. You invest in Bitcoin and use that money for other purposes but use other money for Hajj
Performing the Hajj has become the dream of every Muslim and they have to prepare money that can take them to the holy land with money that comes from their hard work so that they can carry out their pilgrimage well and perfectly, as you said there are indeed some people who sell some their wealth to be able to perform the Hajj, but for those who do not have any inheritance, of course they must try as much as possible to be able to complete the Hajj by collecting money in a halal way.

If you are still confused about whether Bitcoin is halal or haram then it would be better for you to follow someone you can trust and who will not make you doubt what you are following.
Bitcoin is an asset. If you invest in anything, its price will fall and rise, there will be a possibility of profit loss. Business Halal business has profit and loss. Different products are used in business but digital currency is used here.  So how is it forbidden?  But since I don't know hadith well, I also can't say with guarantee whether it is halal or haram. But for Hajj I think it would be better to save FIAT money.  In this he will be able to perform Hajj within a certain period.  Because in this case they will know how long they have to save money to manage their entire money
full member
Activity: 807
Merit: 150
Hajj is a holy thing and every Muslim wishes to perform Hajj at least once in his life. However, Muslims believe that the cost of performing Hajj should be paid only with holy money, so people sell their material possessions and perform Hajj with their hard earned Halal money. Many Islamic scholars say that bitcoin money is not completely halal, while others say that it is halal. But I myself am confused about this.  So I'd say at least it's not a very good idea to save money in bitcoins for Hajj. You invest in Bitcoin and use that money for other purposes but use other money for Hajj
Performing the Hajj has become the dream of every Muslim and they have to prepare money that can take them to the holy land with money that comes from their hard work so that they can carry out their pilgrimage well and perfectly, as you said there are indeed some people who sell some their wealth to be able to perform the Hajj, but for those who do not have any inheritance, of course they must try as much as possible to be able to complete the Hajj by collecting money in a halal way.

If you are still confused about whether Bitcoin is halal or haram then it would be better for you to follow someone you can trust and who will not make you doubt what you are following.
full member
Activity: 2548
Merit: 217
Thank you all, and actually this goal is not only to fulfill my mother's wish to perform the Hajj, but to ensure my mother's old age too.
Everything has been thought through carefully, and the figure of $3 per day has been considered after prioritizing essential needs, and what's more my mother still has extra monthly money from her other children which I think will be fine.
Once again, thank you for your input and prayers, and also pray that what you all hope for can come true.

Its incredibly delightful to support one and other here as forum members,we all share similar opinions and thoughts for our growth and
Development.
We share , we earn together and we also lose together lol, but that is market we don't know what awaits us in the next day.

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Its a good thing to hear that you and your mom have worked so hard all these years to fulfill this and its gradually turning into completion and perfection..
that is something they should be proud doing together as mother and son , congrats on that.

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Its definitely a good idea to support your religion and your mother's dreams of achieving it is just by the corner.I pray her dreams come true to achieve this season's hajj,and may she continue to be enriched with the blessings of performing the hajj with longevity and sound health.
the world is not against us, we can do anything to what we wanted as long as there is no taking advantage from others.
sr. member
Activity: 1260
Merit: 315
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I don't like this type of questions because it shows how weak you are, what makes you think that hearing peoples opinion will make any difference? I would have jump right into this if I believed that it would work out in the end.

It will make more sense feeding us the news after you've completely done it, not before even starting, some people can even discourage you and the truth about humans is they always feel like they know what's best for you.

They don't even know where they stand, they have doubts and fear, do not let their effects get the best of you, the fact is you don't need anyone's opinion, do it if you believe it will work out for you, people only know how to distract and stop plans, don't let people be the one to push you into anything you don't want to do.
It's not being weak, but more like building more confidence in his plans to invest his mother's money. Even if he has experience and knowledge about Bitcoin, the fact that the money to be invested in Bitcoin is coming from the profit earned in his mother's grocery store is not his money. Maybe he is having a mix of emotions about whether his plan will be good for his mother or not.

Though most of the previous posts say that it is good, and he knows that this plan will not be wasted, it is still a good idea to ask for other people's opinions who can also understand this kind of investment. It does not show weakness, it only means that you are open to receiving advice from other people that can help to increase your knowledge and know to yourself that you're not the only one who has this kind of mindset.
sr. member
Activity: 686
Merit: 403
I have an investment plan for my mother by collecting $3 every day from the results of my mother's business and that $3 is a small portion of my mother's business profits. My mother owned a grocery store and after my father died, I built a grocery store for my mother with the goal of giving my mother something to do at home.
And my mother already knows that I have been involved with Bitcoin for a long time and I have discussed this, and my mother agrees because she knows the benefits and changes that I get from Bitcoin in the long run. And my mother has great hopes that Bitcoin can provide good profits in the long term, she wants to use these profits to perform the Hajj or can be used as extra money which my mother has long planned.

And I would like to know your opinion whether this plan will be successful in the long term and aims to provide additional funds to carry out the long-desired Hajj. My mother is currently 60 years old and wants to perform the Hajj at the age of 70, and my mother also has savings that she has been working on for a long time and also has the same goal and is sometimes used for emergency funds.
And with this I took the initiative to plan this which I will do in stages and my plan is, using $3 a day from my mother's grocery store in 30 days = $90 that I will spend in Bitcoin every month. And I will also increase my purchases when my mother has excess money or unexpected money because that often happens.

And I ask for prayers from the BTT Forum which I respect so that my mother's dream of performing the Hajj can come true.
I don't like this type of questions because it shows how weak you are, what makes you think that hearing peoples opinion will make any difference? I would have jump right into this if I believed that it would work out in the end.

It will make more sense feeding us the news after you've completely done it, not before even starting, some people can even discourage you and the truth about humans is they always feel like they know what's best for you.

They don't even know where they stand, they have doubts and fear, do not let their effects get the best of you, the fact is you don't need anyone's opinion, do it if you believe it will work out for you, people only know how to distract and stop plans, don't let people be the one to push you into anything you don't want to do.
sr. member
Activity: 1736
Merit: 306
Thank you all, and actually this goal is not only to fulfill my mother's wish to perform the Hajj, but to ensure my mother's old age too.
Everything has been thought through carefully, and the figure of $3 per day has been considered after prioritizing essential needs, and what's more my mother still has extra monthly money from her other children which I think will be fine.
Once again, thank you for your input and prayers, and also pray that what you all hope for can come true.

Its incredibly delightful to support one and other here as forum members,we all share similar opinions and thoughts for our growth and
Development.
Its a good thing to hear that you and your mom have worked so hard all these years to fulfill this and its gradually turning into completion and perfection..
 Its definitely a good idea to support your religion and your mother's dreams of achieving it is just by the corner.I pray her dreams come true to achieve this season's hajj,and may she continue to be enriched with the blessings of performing the hajj with longevity and sound health.
hero member
Activity: 952
Merit: 541
Collecting $3 every day regularly to invest in Bitcoin then all the proceeds from that investment will be used to perform the Hajj, that's not a bad idea in my opinion. Performing the Hajj pilgrimage is the desire of most Muslims, but not all of them can fulfill one of the fifth pillars of Islam due to financial limitations. There are several factors to consider before buying Bitcoin every month with an accumulated amount of around $90, now may not be the right time to buy as Bitcoin has just broken a new ATH.

Waiting until the price of Bitcoin falls again might be the best choice to achieve multiple profits in the future, in the meantime, you can continue to collect this money regularly every month to buy Bitcoin at the desired price. May your mother live a long life and her health will always be in the best condition so she can carry out the worship she desires most.
sr. member
Activity: 546
Merit: 309
Hajj is a holy thing and every Muslim wishes to perform Hajj at least once in his life. However, Muslims believe that the cost of performing Hajj should be paid only with holy money, so people sell their material possessions and perform Hajj with their hard earned Halal money. Many Islamic scholars say that bitcoin money is not completely halal, while others say that it is halal. But I myself am confused about this.  So I'd say at least it's not a very good idea to save money in bitcoins for Hajj. You invest in Bitcoin and use that money for other purposes but use other money for Hajj
legendary
Activity: 1568
Merit: 6660
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Relying on Bitcoin to go to the moon is not enough. Maybe it has one or two more bull runs in that time frame and that's it.

You're going to have to find a way to acquire more money for Hajj. My suggestion: Do not try to increase the investment ROI. As the ROI increases so does the risk of the investment, and I am talking about things like Nexo, Celcius, etc.

I am not sure how much it's going to cost as there are different packages but I think that if you save at least $1000 in total (so $1000/$3 = for 333 days or almost a year), you will have enough money to go.
sr. member
Activity: 616
Merit: 306
Rollbit.com
gather $3 per day with the aim of buying bitcoin and if you have made a profit from investing in bitcoin then it will be used for the costs of the Hajj pilgrimage I think that is a good thing and of course you have good intentions and in essence you will use the money for positive things .

as you said, gather $3 per day and if you add it up per month it becomes $90, of course this is quite a large amount for additional costs for the Hajj and you will buy bitcoin once a month with that money, of course this is a good thing and the system you use is the DCA system.

considering that your mother is currently 60 years old and plans to go on the Hajj when your mother is 70 years old, of course there is still time to invest and of course by investing in BTC you have the potential to make a profit so I think the strategy you are using is a good strategy. .

But of course you also have to be prepared for the risks posed by BTC because of course investing in BTC is very risky.

Yes, I hope your mother's dream comes true to perform the Hajj and may God give you a long life and health and safety.
sr. member
Activity: 1470
Merit: 428
I admire such good plans and the medium already identified to fulfil it. It's very clearly how your DCA strategy of investment is intended to be used and am sure after withdrawal to sponsor the Hajj, you would make some profit that can be diversified to help other projects or needs, also you might have just been able to learn how to be disciplined in keeping to the DCA plan and would even go as far as continuing the process to sponsor other dreams that may be achieved I'm the next few years.
hero member
Activity: 1470
Merit: 555
dont be greedy
a very noble dream, because as far as I know, Hajj is an obligation in the final religion of Islam and not everyone can go on Hajj because it is very expensive (for people with an average income). Your good intentions should be hastened because your mother is no longer young. If you need advice, maybe leaving as soon as possible before the age of 65 is better because the physical condition of older people weakens very easily. And you need to know that the Hajj is very difficult, therefore you need to be in prime physical condition so that the Hajj can be carried out smoothly.

If bitcoin is successful in helping you to uphold your religious values, make sure it comes from a halal funding source too. Don't mix money from gambling (if you often gamble at the casino) with anything related to religion. I know it can be done, but I feel like it's not very good. Spiritually, I slightly reject the interference of bad assets for good purposes.

The point is, $90 every month will obviously find its finish line, maybe in 3 years (if you're starting from zero now)... and if your mother's savings are big enough, maybe it can be sooner... Im sure...what you dreamed for your mother is true -really came true ASAP..
sr. member
Activity: 1078
Merit: 254
I have an investment plan for my mother by collecting $3 every day from the results of my mother's business and that $3 is a small portion of my mother's business profits. My mother owned a grocery store and after my father died, I built a grocery store for my mother with the goal of giving my mother something to do at home.
And my mother already knows that I have been involved with Bitcoin for a long time and I have discussed this, and my mother agrees because she knows the benefits and changes that I get from Bitcoin in the long run. And my mother has great hopes that Bitcoin can provide good profits in the long term, she wants to use these profits to perform the Hajj or can be used as extra money which my mother has long planned.

And I would like to know your opinion whether this plan will be successful in the long term and aims to provide additional funds to carry out the long-desired Hajj. My mother is currently 60 years old and wants to perform the Hajj at the age of 70, and my mother also has savings that she has been working on for a long time and also has the same goal and is sometimes used for emergency funds.
And with this I took the initiative to plan this which I will do in stages and my plan is, using $3 a day from my mother's grocery store in 30 days = $90 that I will spend in Bitcoin every month. And I will also increase my purchases when my mother has excess money or unexpected money because that often happens.

And I ask for prayers from the BTT Forum which I respect so that my mother's dream of performing the Hajj can come true.

Yes this is really good idea to me if you can continue with that step, of course thousand of steps start from a mile, you investing $90 monthly is not a bad idea, but make sure it doesn’t affect your mother grocery  because of other expenses at the store and other personal expenses by your mother, I’m really in support of your decision but make sure it doesn’t affect your mother grocery store,And also don’t be greedy to look for more and investing more than what you have budgeted. By the end of the duration which you have calculated it will be a nice decision that you have made to you and your mother,I’m not a Muslim but it a good thing, Must people do the same but in a different reason. So it not a bad decision but try let it not effect your mother grocery store.
hero member
Activity: 2856
Merit: 644
https://duelbits.com/
And I ask for prayers from the BTT Forum which I respect so that my mother's dream of performing the Hajj can come true.
That is something noble my friend because if you look at the calculations that occur for $3 every day means that for 1 month it becomes approximately $90 if indeed the total 1 month is 30 days and 1 year where we have 365 days x $3 = $1095 if we are consistent in doing so.

I don't know what country you are from but the cost of Hajj in my country for regular Hajj is around $6000 for the trip and that means if you look at the total average income of $1095 in a year that means it takes 6 years for the cost in my country.

I think for a period of 10 years it can still be done if you are really consistent with it because I am sure with your noble intentions then I think it can still be done and cheers to you friend because this requires a strong determination to be able to complete your mission to make your mother able to go to Hajj. I wish you and your mom good health and no problems until your goal is achieved.
hero member
Activity: 2184
Merit: 891
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I have an investment plan for my mother by collecting $3 every day from the results of my mother's business and that $3 is a small portion of my mother's business profits. My mother owned a grocery store and after my father died, I built a grocery store for my mother with the goal of giving my mother something to do at home.
And my mother already knows that I have been involved with Bitcoin for a long time and I have discussed this, and my mother agrees because she knows the benefits and changes that I get from Bitcoin in the long run. And my mother has great hopes that Bitcoin can provide good profits in the long term, she wants to use these profits to perform the Hajj or can be used as extra money which my mother has long planned.

And I would like to know your opinion whether this plan will be successful in the long term and aims to provide additional funds to carry out the long-desired Hajj. My mother is currently 60 years old and wants to perform the Hajj at the age of 70, and my mother also has savings that she has been working on for a long time and also has the same goal and is sometimes used for emergency funds.
And with this I took the initiative to plan this which I will do in stages and my plan is, using $3 a day from my mother's grocery store in 30 days = $90 that I will spend in Bitcoin every month. And I will also increase my purchases when my mother has excess money or unexpected money because that often happens.

And I ask for prayers from the BTT Forum which I respect so that my mother's dream of performing the Hajj can come true.
Props to you for still looking out for your parents/mom even though you're already your own person. One of the great things Islam teach people.

In any case, I have high hopes that the three bucks you put to bitcoin everyday is going to be good enough to cover for the Hajj you guys are planning. Hell, even if it wasn't bitcoin and it was just plain old saving, that's 90 dollars at most per month that you're putting towards a noble cause, and in three years time that's more than 3000 bucks which, depending on where you live, could be just enough or more than plenty to set up that once in a lifetime trip. But you had to just make it even more awesome and show your skills in prudence by putting your money onto work with one of the safest and most reliable cryptocurrency assets on the market right now.

I believe that you'd get to it no matter what. The only thing that's really stopping you from getting this dream be realized is discipline, which is something that I know you would be able to continuously build provided that you keep at investing bitcoin on the daily. Just keep on doing what you're doing right now and I promise you, in no time, you're going to receive the reward that you and your mom so deserve. Pretty sure your dad's proud as well at you for being so good at looking after your mom. Remember that.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
From the information I got online, the Hajj of this year will be from 14th June to 19th June 2024, am I correct? I am asking because I am not a Muslim.

Since you have mapped out a strategy of saving up $3 every day from your mom's grocery shop to invest in bitcoin, I hope you haven't had a change of plans to continue to do that because sticking up with a particular habit for a long term is not an easy one when it comes to money.

This about a month you started collecting $3 daily from your mom's shop. From the look of things, the $3 per day($90 a month) you have invested in bitcoin so far has gained some profits for you in plans of achieving an aim of taking your mom to Hajj.

Sincerely, nobody knows whether the 2 months remaining to the Hajj, the($90×2) $180 to invest more in bitcoin will give you the desirable profits to match up with your expenses on Hajj ground

Having said that, I just hope bitcoin will skyrocket more so that your mom's plan of going to Hajj comes to fulfillment. Happy Hajj in advance to your mom and to all Muslim brethren

I guess OP is not actually thinking to make it realized this year since it was just a month ago since he started the plan. It could be that he is planning to invest about  a year or two, and through DCA, surely it will turn into reality as long as bitcoin price continues to rise. Patience and consistency in doing DCA is the key. And he should be more open that bitcoin is not all about reaching an all time high everytime, but there’s also major correction in the market that any time will happen and will head for a heavy price decline for bitcoin.

For now, even though the price is high, but I guess as long as bull run is not happening yet, then everyday will be a good buy. But the best will only happen when bearish market comes, as there is big opportunity to enter the market and purchase maximum amount of bitcoin at a cheap price.
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