Topic: What have you got rid of to accumulate Bitcoin - page 3. (Read 603 times)

Fine, I'll tell my slightly different version.

I later found out that I got more graphic design work in this space, so I needed a higher editing armors spec. The only thing I've gotten rid of is an old laptop turned into a custom PC by spending most of my bitcoins, that was in 2019. I didn't lose points accumulating bitcoins, and didn't have to sacrifice anything to lose. I buy bitcoins with work.

So now there is a topic with a different direction? Someone on the forum buys yachts and bicycles and makes repairs with bitcoins, and someone else sells all this to buy it?
A little funny. I saw a story about selling motorcycles and my wife's jewelry, but I think that selling something from home is not quite the right thing to do.
Are people crazy about bitcoin? Why not just make regular investments without hurting yourself elsewhere? Maybe I'm very reprehensible, but I see some kind of passion in it when I hear that people take out loans, sell houses, and so on. Do not create an idol for yourself; in this case, it is greed for money, and life shows that such love always ends very badly.

I still do not think that land is a way to go because land is a limited thing as well. Think about it this way, you can print more fiat, you can even print more stocks, or you can even find more gold in the world and mine it, sure there is a limit to gold as well so I will agree with that, but bitcoin is like the land, it's limited and there are only a few good places left to buy as well, sure you can buy at a bad place and hope it gets more crowded overtime, but the good ones are already occupied.

This is why selling off a land plot is not a good idea, when you have it, keep it and you would be doing a lot better in the future as well, that will gain value like crazy.

As much as we might want to take part in the blessings of Bitcoin, we should take it gently and be sensible about it. You should not be so desperate to sell anything in your way simply because you want to buy Bitcoin. Landed property is an asset as well, I might only consider selling about 20% of it if I so much desire to invest more in the coin.

Thankfully, no need for that as I've been in the investment environment for many years before Bitcoin, so it has been calming me. And when I know about the coin, I just moved some money there without selling any property.

I've also been sending spare money regularly to own more of it, but under ease.

I find that the problem is like this, even though I did not want to, I also had to sell my investments at a low price because of the problems around my life, looking back on myself I see mistakes in the initial capital process and not completely control the unexpected risks.
But things do get better with time and I don't think we need to be so perfect about anything in life, everything changes in its own way and neither does investing. You need to be hard on yourself with mistakes. Accumulate what we feel is reasonable with our ability.

Tell that to Didi Taihuttu. - https://www.instagram.com/diditaihuttu/ or https://diditaihuttu.com/

He sold all his property to buy bitcoin. Despite the fact that he has a family and children.


I don't think you should trust your feelings when it comes to money and investments. Rather, one should trust the voice of reason and facts here.

Will 2023 or 2024 be an incredible year for BTC-investors? It will be possible to say only after this. Now it's like taking a leap into the unknown. If you are lucky, you will be able to increase the area of ​​your lands, if not, then you will lose what you have (if you are subjected to fear and panic). It may turn out that bitcoin's ATH will be a little later and you will have to wait a bit.

Whether your decision turns out to be stupid or brilliant, we will only know after the fact.


Personally, I didn't sell anything for the sake of buying btc. If we talk about material things.

While bitcoin's upside potential is huge, we don't know anything about the future, so selling land to buy bitcoin is really too risky, and we cannot support OP with this decision. No one knows when bitcoin will increase in price, and land can also spike in price and also become harder to buy back.

Last year, real estate prices in my area increased dozens of times, something that has never happened with traditional real estate, surprising everyone. Now, it's harder than ever to buy a home and real estate in my area.

Well, you said "some" and not all, so I consider it a way for you to "diversify" your assets.

For me, it all depends on when did you made that decision. If you made that thing during the peak of cryptocurrency when Bitcoin is at ~$65,000 then I would say that it would be a stupid decision because you bought Bitcoin at it's peak. However, you did it when Bitcoin is near at it's bottom (yes I consider it near the bottom still even though we've seen huge increases already from it's past bottom of ~$17,000), so I guess it's a not-so-brilliant one, but still not a stupid decision either. Maybe a good decision I guess. Some might say "Why did you sell your land for Bitcoin?" or "You just made a wrong decision because of the risk that you might face."

I think that you made that decision because you believe in 4-year cycles, and with that, we're the same. If only I had some lands in the past, I think I might do the same as well. If only I have some properties or some real estate that I'm holding, I might sell some, and buy some Bitcoins. Now with regards to what I sold this year to buy Bitcoin, I didn't sold any, and when I mean I didn't sold, I mean I didn't sell other important things to me just to buy Bitcoin. I used my monthly salary to buy it. I always keep a quarter of my monthly savings to do dollar-cost averaging.

Like I said, some might disagree with what the OP did, but it's his land, and it's his money so I guess he knew the risks that he might face when he made the decision.

Selling your land to buy Bitcoin? Nah!!! I don't think I'll ever do that, currently I'm even planning on acquiring more lands in areas that haven't been developed. You know when you purchase land in underdeveloped communities they sell for very cheap amount and after sometime when development starts you can resell for a higher amount and I have been doing that for some time now.
You can just rely on Bitcoin alone as your only source of income or the only investment that you have, you have to look for other means to increase your wealth, if it's a different investment I might consider selling my land to invest in it but if it's Bitcoin no I'm not going to do.

I've not yet sold anything yet for BTC, I am admittedly a bit of a hoarder. However after reading this thread and giving it a closer think, maybe it's time to de-clutter and convert the stagnant items that have value into Bitcoin.


It's not a bad idea. Just do it responsibly as you have suggested, being selling a part of the land instead of the entire thing. Diversify into gold, silver and Bitcoin. You can't really go wrong. It's only a stupid decision if Bitcoin's long-term rise is in doubt. I think at this point it is far from a guess that involves doubt or an "if it will grow" kind of scenario, rather a matter of "when". I agree with you that 2024 is the year! Maybe sooner if banks continue to topple...


If you doubt Bitcoin in the mid-long term then you are right in what you are saying. As already said though, I think it's well past the point where we are still wondering if Bitcoin is going to succeed in the long run.

I am not very brave like that to sell my land or property to buy Bitcoin, because even though I also believe that this year the price of BTC will increase I prefer to buy it using the money I get from my salary and other investment returns. Even though some people say that sometimes we have to take risks for something big, but I'm not that brave and choose to play it safe, because after all I still stick to the words "invest in something with what you can lose" , and to be honest I am not willing to lose the property or land that I have now to invest in Bitcoin.

I don't have land or properties I can sell for Bitcoin, but I have seen millionaires selling off their cars to buy some Bitcoin and I don't see anything bad in this, also we don't know how many lands OP has, if he is selling some part for Bitcoin it's not bad, I can't imagine selling my properties to acquire Bitcoin but if I have a lot of properties then I may be able to consider doing the same.

Land investment also takes time to yield, way longer than if you buy bitcoin and hold for a few years and the returns will also be greater than if you sell the land years later, assuming buying 1BTC for 28,000$ today and selling over 100k in 2025, this price target is very possible, isn't it?.

Investment is not something you called "emergency". Are you ready to lose your assets if you can't reach your expectation? Have you thought about that? I'd assume you know all the risks even before making this post.
I'd rather use other affordable money where pretty much if you manage to do it, you can buy another lands instead of selling your assets just to buy another assets like you did now.

I haven't sold anything, if you think time counts then I sold my time for Bitcoin. Started to know about Bitcoin from 0 on faucets.

Well, if you see Bitcoin as more profitable than your land, I don't see anything wrong with your decision as long as you know the risk for doing so. However, isn't it good to have more investment? Because if one fails, we still have other investments to count on.

I have not sold anything yet to buy Bitcoin. Because my way to accumulate is through my earnings. I just take advantage the price when there's a huge decrease to buy more.

I think in modern times like now investing in bitcoin is something we have to do because so we don't get left behind and also so that our business can progress,

but in buying bitcoin, of course we have to use the right money so that if one day we lose the money we won't regret it.

but of course in this case everyone's opinion is different. and indeed in business you also need the courage to take risks, and in my opinion if we are brave it can also be like selling land or so on, to buy bitcoins, provided that we must be prepared to lose.

but if I have never sold anything of value such as land and so on, because in my opinion land can be used as a long term investment. and I'm sure the price of land in the future the price will be high. I even once bought land from the sale of bitcoin and I will make it a long-term investment.

but in this case everyone's thinking towards success is of course different.

I have never sold anything to invest in bitcoin, nor have my other investments. because in my opinion doing all of that is very risky, selling property and so on to invest in bitcoin in my opinion is not the path I choose, especially if I have to sell land assets.
you say a year later you will get more land by buying from the sale of bitcoins. indeed it could be, if all goes well, what if there are no more people selling land. because land prices also increase every year, because people are getting denser, especially in areas with high economic levels, land prices are getting higher.

even I am the opposite of you, I invest in bitcoin really want to buy a lot of assets such as land, apartments, livestock and want to build a business.
but everyone has their own steps that are best for their nets. you with your investment like that can still be said to be quite good, because what is important is not the result of borrowing from the bank.

Everyone's investment perspective is different. Selling land to buy bitcoin I don't support because it's too risky for me, but if you feel it's worth the trade-off, you can. So as long as you're investing money that you can lose and you're willing to take the risk if that happens, then you can sell anything and invest wherever you see a return. Like borrowing money to invest, it's too risky and not advisable, but if you can take the risk, you can try it.

You mean if that's the only plot of land you own you can not sell it right? Well, I have a few properties that I no longer needed which I sold to buy bitcoin too and the rest was used to cultivate my remaining land.

Selling properties as long as you didn't need them is also a good choice. Some may say that time will come when you really need it the most but nah for me specially here in our country it only adds unnecessary expense such as paying taxes and maintaining the land costs a lot rather than selling them. Besides as of now I didn't have a child who will inherit those lands, maybe some time in the future my mind will change and use the profit I earned from cultivating the land into a small business that could become something my children will inherit. Who knows.

In my opinion, selling land to buy bitcoins is actually not a problem as long as we have very large land and only a small part of it is sold and the money is used to buy bitcoins.
but if for example our have only a little land, in my opinion, don't sell it because investing in bitcoin is of course very risky, so it's better to look for idle money, such as money from side jobs and so on.

my op has never sold anything of value to buy bitcoins. because for me in investing must be full of careful consideration.

Getting rid of properties is not a bad idea anyways but knowing what to invest with the proceeds of the sales is what matters. Bitcoin is not a bad  idea to invest in after sales of unwanted property standing as a liability to you. OP, the issue of selling a land is not  a bad idea but it depends on the situation at the moment of sales. For me, i do not see it as a bad idea but if it were to be me selling my land for bitcoin, it depends on the location of the land at first as these are the criteria i look into before buying a land.  As  we all know, land appreciates but not as fast as bitcoin and another to put into consideration is the ability of the profit when gotten from bitcoin after sales to replace that property being sold for the business. I always replace any property sold as a result of business investment so as that i now that i have something to hold unto when something of this nature comes up again.