Topic: What have you got rid of to accumulate Bitcoin - page 2. (Read 603 times)

First, selling real assets to invest in bitcoin is discouraged and shouldn't be done. Especially real estate, because land can also bring better returns than bitcoin can. I never have and will not sell anything to invest in bitcoin, my entire investment portfolio is built with salary after I have deducted all necessary expenses, I will invest in this risky asset with money that could be lost.

If you have land in a good position, that too is an investment. And if there is normal position land then you can sell it and invest in Bitcoin. But even if the best time to invest in Bitcoin is gone, there is still plenty of time to invest. I think the decision you have taken is very reasonable. Bitcoin will cross $100k in 2024 for sure. If so then surely you can buy three times more property later than what you are selling now. But of course you have to take risks. Don't be afraid to take risks. If you are afraid of investing, you will not succeed.

I usually don't like the idea of selling something important just to buy something with the same importance rather, I'd try to find a way to acquire new source of income in order for me to buy the things that I need or even investments. I won't specifically judge anyone just because they want to sell something like property or another asset, coz we don't know what's the situation and besides it varies directly from person to person as to which is important to him/her or not.

It is what's the result of halving, another bull run is being awaited by all of us. We might not able to predict correctly the price but still, that's likely that it's going to be higher than the last one.

That can't be stopped for those that haven't accumulated a lot yet. They're chasing to have as much as they can while the price isn't shooting up yet.

That's a way to cover all of those missed opportunities and they can't wait to have spare money to invest but instead, they result in selling their other precious things just for bitcoin.

Selling of properties just to accumulate bitcoin is a wrong idea, If you are investing in bitcoin, always invest what you can afford to lose. I know bitcoin bull run is coming but nobody is sure when it will happen, I don't think you should be giving people assurance that it will happen this 2023.

The only thing I know I have get rid of just to invest in bitcoin is unnecessary spending, I don't really spend on things that are not really useful to me, those money that am suppose to use for things that are not really necessary, I use it to accumulate more bitcoin, but I don't sell properties to accumulate bitcoin.

Everyone is waiting for bitcoin halving which might trigger bull run but one funny thing is that you can not predict bitcoin price and bitcoin has a gained a lot of awareness with more people becoming interested in it. Selling things to invest in bitcoin is a personal decision you will make personally and being aware of the risk it comes with is not bad sometimes the risk might just be what it, knowing well that bitcoin is a long time investment not hoping for a miracle to happen anytime soon. Since your mind is mad up I hope you don't end up selling  .

In the Russian segment, there is a picture that sounds like: "When I sold my family car to buy more Bitcoins"
I think, on the eve of the first of April, this picture will set you up very well for tomorrow.


https://www.anekdot.ru/id/1360024/

That is a good approach based on which nation you live in and where this land is located. I know for a fact that lands where I live is very valuable and I wouldn't sell the land I would ever own here (not that I would ever afford to own land here) because its a multi million populated huge city, and land here could build like 2-3 big apartments, and go for at least 10 million dollars.

However, I also know a friend who lives in a very segregated area, a rural area, and the lands there go for so little that you can buy one with one salary, its really worthless and won't even be worth more than a few months salary at most in the future as well. So this logic depends on where the land is.

If you sell your bitcoin you can also buy bitcoin again so I don’t see the point in your behaviour. Still it was a smart decision at least if you do look at the past. We will see what the future brings and if we can really see 100.000 usd in the future. So far it looks good and I’m also very optimistic.

I don't think it's a good idea to do that from my own experience I bought a land from the sale of some of my Bitcoin in 2018 should I now be resale itand buy some Bitcoin? No I had already achieve one of my aims of hodling some Bitcoin after it price pumped, well it's up to any individual to decide wisely whether to sale some of their assets to buy Bitcoin with the hope of it price reaching a new ATH this year, personally I won't take such a decision because of the risk of losing a very valuable asset, I would rather source for funds somewhere else possibly borrow money to buy Bitcoin with s gradual repayment.

I never got rid of anything to buy Bitcoin, lol. I wouldn't sell a house or a car if I had one just to buy Bitcoin. I'm sure we'll see at least $100K, but when - no one knows.

OP Your study indicated that you made the right choice, but if I had any advice for you, I would advise against selling your land to buy bitcoin since, as you mentioned, while you believe that the price of bitcoin would increase in 2023, you cannot be certain of it. Hence, in my opinion, if you live on the land, the area will develop soon, and when you sell the land, you'll still have money left over to buy more land. I guess you can't afford to lose your land; what will happen to your plans if the Bitcoin you expect to rise doesn't?
I don't use to sell any of my properties to acquire bitcoin, regardless of how it is, even the ones I recently got. Instead, I use the money I can afford to buy bitcoin.

Sorry but in my own honest opinion, selling your land to buy bitcoin is a stupid idea, land on its own is another great investment, I personally will not sell any of my lands to buy bitcoin, instead, I would sell cars, home theater, TV sets, other types of home appliances, anything at all that is a liability to me, I will sell it and use the money to buy bitcoin.

The only reason I would sell my land to buy bitcoin is if the land is not in a good position, or it's under dispute and I am not sure about winning it over at the end of the day, or maybe I have way too many plots of lands, way more than I would ever want or need, then, and only then, I would consider selling some as a means of diversifying my investment, the money will be invested in bitcoin, aside this reasons, I don't think I will sell Land to buy bitcoin.

I will say that you made the right choice if, based on your research you believe that investing in bitcoin will be more profitable for you than the land. However, if you are selling your land and buying bitcoin instead because you have heard people saying bitcoin will increase in value in the future, I may say that you are making a mistake because you haven't made the necessary comparisons. Are you aware that investing in Bitcoin carries a higher risk than investing in land properties, I would argue that it is still advisable to diversify your portfolio by not making all of your investments in one particular asset class. Sofar is not all you are selling, I may the decision is okay.


Since I can only invest what I can afford to lose, I have never sold anything in order to purchase Bitcoin and I have no need to do so now. I only purchase Bitcoin when I have the funds, but I'm not in a rush to invest in virtual assets over tangible ones. And I'll tell you not to be in a rush to succeed in the bitcoin market since there's no way of knowing what will truly happen in the future. That being the case, we shouldn't put all of our money into bitcoin investments.

Investing in bitcoin is good, but you can always invest in it from your hard-earned money, and not from the property that you decided to sell so you can invest in bitcoin. That is a very risky decision mate. If you lose, you may lose your property as well. Good thing I don’t have any property to sell lol, just to invest in bitcoin. I just used my profits from signature campaign and when I already earn good amount, I decided to invest them in bitcoin.

I'm doing it in an indirect way.

I'm not selling property so that I can turn that money into bitcoin but I'm selling some things from time to time so I don't have to sell my bitcoin and I can stack up my signature campaign profits. Without selling stuff I probably wouldn't be able to live comfortably, but I have so many unneeded things that I can keep on doing it for a long time. Most women do.

Truly one of the best ways to get more bitcoin is selling old stuff. Check if you have an old phone, or some clothes, maybe jewelry that you never wear, a watch. Sell it and get more bitcoin with the money. You'll get something for nothing and you'll feel much better, like getting 2 things done at one go.

Well, mine turned out to be an endoscopy. Long story short of my life; I had my mother in law had cancer last year, terrible year, better since September thankfully and recovered, but she had a sick dog (my wifes dog when she was not married, stayed with her family) and we took in that dog because mother in law couldn't take care of it, since the dog was sick, it couldn't walk and slept on a diaper paper type of thing. I stayed awake at night and wife stayed awake at regular hours, I worked at night to make sure I could earn some money freelancing like I always do. Thank god I have the best job in the entire world, elon musk isn't as happy as I am, its damn the best job anyone has ever had.

In the end, back-to-back, earthquakes happened in Turkey and estimates of the death toll are over 50k+ and I donated all that I saved, literally had zero money, then the dog passed away unfortunately, and then I started eating too much, which costs a lot in Turkey, when you eat fast food every day, I am sure its a lot of cost in most nations. This all destroyed my entire finance, I was literally at the brink of another debt crash very soon. Instead, that period was followed by my stomach bleeding because I started eat fast food every morning for breakfast and every night for dinner, and drank 3 litres of coca cola zero every day. This of course caused me to bleed, and I went to doctors and had an endoscopy and turns out I just have to chill.

Now, obviously, I have to just eat well, usually cheap food, like potato and such, pasta even, not spicy, not nothing, just regular basically tasteless food. This will allow me to save so much more money, less to drink, less to eat, not going out because I am sick at home, basically there is nothing to spend money on at all. And I will probably accumulate a ton of bitcoin compared to my past, not these 3-4 months because I would be paying the medical bills, but after that? I am going to get richer and richer every single month for sure, just gotta pay the bills first, and then all will be well.

Well, I have not sold anything to acquire Bitcoin; my first investment in Bitcoin was made with money earned from my job. I feel it's even easier for me this time to invest because of the plan I am using, which is a "reoccurring buy" every month when I receive my salary. It's also easier for me to save my profits anytime I receive payment in Bitcoin. If a person has a job, I believe it is more prudent to invest from their salary earnings rather than selling other assets, such as land, gold jewelry, landed properties and so on to invest in Bitcoin. I have not really read of any physical things to invest in bitcoin.

I've read multiple stories on how far and beyond some people went to buy Bitcoin, although I wonder how many of these are actually true. To be honest, I believe that a large number of them are actually not sure how it exactly happened, but anyway, whatever floats their boat. Personally, I wouldn't resort to selling properties or assets in order to buy Bitcoin or any other coin. You shouldn't resort to extreme measures to conduct an investment; you'll have to set a budget you can afford, otherwise it could also be an irresponsible act.

In our era, you don't do those things that the others did because you can just spend some time doing some bounties and use all the rewards to invest in bitcoins and just do that cycle until you decided to withdraw them all. Back then bounty campaigns are legit and only a few projects are not paying but when some scammers made their version of ICOs, that's when the problem begin, and until now the chances of getting payment from those bounties are dramatically subsided and also most of them are no longer worth to work for.