Topic: What have you got rid of to accumulate Bitcoin - page 4. (Read 622 times)

Well being homeless is really hard ya know? Not sure what you mean by selling "some part of my land" as an emergency, but I would not use that amount to buy BTC. Here in my country, it is quite a stupid decision to make considering how life is really difficult in here.

I would just use some part of my savings to invest to Bitcoin since those are the amounts I can afford to lose anyway and it won't matter if it did not turned out good in my own end.

Well, if selling my personal time is considered, then I would say that.

Participating in campaign signatures is the best thing that has ever happened to me ever since I joined this forum. Back in 2017, I was just a normal college student struggling to look for ways to earn additional income with convenience. As someone who also lives in a third-world country, the competition for jobs had never been harder due to lack of any initiatives from our government.

Now with campaign signatures, not only did it contribute in me finishing my degree (I was able to purchase several school materials by selling my BTCs weekly) but it also gave me the opportunity to aim for a higher goal- which is to HODL and sell it by the time I get older.

Although in this case the final decision is in your hands, but with conditions like this I think it is a rash decision made.
Even though the big hope in 2024, especially the halving, is a good increase, no one can really assure one hundred percent that the conditions will go according to plan even though some previous history has always been the same when bitcoin halving.
The concept is not like that I think, we don't need to give up everything for Investment because we are also not gambling in this case so we cannot peg that xx year will be profitable when it is here and buy a lot.
Just buy as usual and as much as we can, no need to force the will that starts from desire because things like this sometimes won't go well.

I don't even give up valuable things to be here because from the start I always buy bitcoin with money which is the result of setting aside my needs and it really isn't really used for quite a long time and part of it is from monthly unexpected funds which are indeed it's not used either so I'm not giving up anything here other than that, moreover I don't feel it's something that has to be given up because I'm clear in this regard investing but it's a big risk. It doesn't mean that we will lose, but only that the worst possibility is that there are conditions where we have to let it go, even though from the beginning until now I haven't felt anything like this (Hopefully not).

I think it's a great idea to sell lands to buy bitcoin, I mean, while more we invest then more we win, that's the right way to make a ton of money. But on another hand, I take a look at the markets and have mixed feelings... Are we late for the party? I mean, bitcoin was at $16,500 at the start of the year and already hit $28,400. The ones who believe in the coins already made close to 90% profit this year. And I don't know if it will go up or down from now. The market is in a complex situation right now.

So, I think is a wise move to invest in bitcoin now, but it would be better to invest at the start of the year.

I think it's a great idea to sell lands to buy bitcoin, I mean, while more we invest then more we win, that's the right way to make a ton of money. But on another hand, I take a look at the markets and have mixed feelings... Are we late for the party? I mean, bitcoin was at $16,500 at the start of the year and already hit $28,400. The ones who believe in the coins already made close to 90% profit this year. And I don't know if it will go up or down from now. The market is in a complex situation right now.

So, I think is a wise move to invest in bitcoin now, but it would be better to invest in the start of the year.

I have equal treatment for my land assets and properties and bitcoin holdings so, I can't let go of my land just to buy bitcoin.

At least, I am not yet on that part since I don't have to sell it if I want to buy bitcoin as I've got some cash left ready to be spent if I need to buy massively.

And that cash is coming from my passive income like that's coming from those lands and that's why I cannot just let it go if it's stably giving me some cash even if I want to buy bitcoin.

So, I just have to collect and save from those incomes for me to buy bitcoin and just DCA it regardless of the market situation.

When it comes on selling out possessions then i could say that im not really doing that much but rather im doing the opposite on which out of my crypto profits, i did able to buy up something.I do make out some

accumulation of Bitcoin out of my online jobs which is paying through bitcoin and its including signature campaigns and at the same time im a freelancer who do really accepts and get paid by crypto.

This is why accumulation wont really be that much of a problem but of course the earning i do have is only less thats why its not really that fast but still it is better rather than on having
none at all.We do have our own ways and yours isnt really that an bad idea either.

My 'wants 'and I only kept my 'Needs', in order to have save money and invest to this industry. Also I am now putting more time in order to focus with market price charts and crypto related news for me to be updated. These things are nothing much to others but for me, these efforts are important especially if you want something to happen. There will be just times that you'd sacrifice some of the things for a more important things that would benefit you in a long run.As long as he's fine with the tendency of losing that amount, no matter where it came from; whether from personal savings or properties, that is just fine. The only problem to some is just they are making investments a gamble. They are 'betting' what they have and expect that its value would be assured to double but that's not how this investment works. No assurance of anything because the market itself is way too unpredictable.

Your idea might be good but it won’t work for me. I still prefer to invest using a portion of my savings from my hard-earned money rather than selling my property just to invest. If I lose, then I will just save again and then invest. Unlike if you sell a portion of your land, if you lose as losing is quite inevitable from investing, then you will never regain that portion of land you have sold. Although I still see this as individual’s preference m, but I believe most of us here won’t agree selling a portion of property just to finance a risky investment.

If you want to invest and play it safely, you will not invest using other assets or properties because that will bring a lot of risk. Instead, invest on your spare money or invest using your profits from signature campaign or trading. That way, if your investment does not work in the future, you will still own those properties you wish to invest, but if you also succeed and prosper from your investment, that will give you additional profits aside from the future profits you will gain from your assets or properties.

No one really knows your circumstances better than yourself, if you think this is a move you can afford to do then do it, however you still need to be incredibly careful, holding bitcoin can be very easy when the capital  you are holding as an investment is on the low side, however selling a piece of real estate and then invest some or all of that money on the market can bring you a lot of headaches, as now every time the price goes down you will become very worried about the performance of your investment, and while I think you will do well, this will only become true if you can hold your coins until the bull market comes.

Some people think it is wrong to sell real estate unless it is an emergency. For me, selling part of my land is an emergency so I can get more Bitcoins. I believe 2023 will be an amazing year for Bitcoin investors. I plan to get more land in 2024 or when Bitcoin hits a new ATH. What do you think? Is it a stupid or brilliant decision? Share your stories. What steps are you taking to get more Bitcoins? Let's talk about it.




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I haven't sold anything to get more Bitcoin, but I have been hustling hard by budgeting and cutting back on unnecessary expenses. I have also been putting in extra work hours and taking on side gigs to earn more cash to invest in Bitcoin. I see Bitcoin as just one part of my overall investment strategy. While Bitcoin can be a great investment, it is still a relatively new and volatile asset. I think it is always wise to spread your risk across multiple investments.

It's not a stupid idea if you know what you're doing. People only tend to do stupid things when they jump on it buying bitcoin without any idea how volatile it is.

I've sold a bunch of altcoins for buying bitcoin and it tends out a few of those altcoins pumped more than bitcoin but there's no regret. The plan is to stick around and have more bitcoin as much as possible as I can.

Just stick to your plan and don't listen to your surroundings if they're only telling you negative things and discouraging you what you are up to.

I have some funds of altcoin from previous accumulation.  So I think I will be dumping them to accumulate Bitcoin in preparation for the upcoming bull run.  I don't dare to sell my tangible asset since I have some other way to buy Bitcoin.  For me, these tangible assets such as gold and real estate property are as precious as Bitcoin.  They tend to increase in price as time pass by.  Besides, it is always best to have our eggs in different baskets so I come to a decision to not touch tangible assets in exchange for Bitcoin but rather sell the same kind of asset (cryptocurrency) that is less liquid and more vulnerable to dumping and crash.

When it comes to cryptocurrency, it's important to approach it with a logical mindset rather than being driven by emotions. As a highly volatile asset, Bitcoin can be a risky investment, and it's essential to be mindful of how you acquire it.

Personally, I prefer not to risk any of my other assets to buy Bitcoin. Instead, I suggest purchasing it from your savings or earning it through various means. This way, you can safeguard your hard-earned assets while still gaining exposure to the potential upside of Bitcoin.

It's difficult to predict the future of Bitcoin and other cryptocurrencies, and it's always possible that we may need to wait for an extended period to see any significant returns. Additionally, there's no guarantee that our daily income will remain stable or even increase, which is another reason to be cautious when investing in such assets.

By keeping our other assets separate from Bitcoin, we can ensure that we have a backup plan in case of any financial crises. This way, we won't be forced to sell our Bitcoin prematurely and can hold onto it for as long as we need to see a profitable return.

not to sell existing property or investment for BTC, because I have applied the investment that I have to my child in the future
if I want to invest in btc, I just have to follow the events in this forum patiently, in time I will get what I want, right?

When I think about this, in my opinion it depends on the strategy and risk management used in investing in bitcoin, basically we all here believe that bitcoin will always form new highs in each cycle, but indeed in this case some people treat bitcoins differently in different ways.
what is clear is that a strategy like this is intended for a very long term and already has financial stability apart from investing in bitcoin, because basically if you don't have that stability it will have the potential to disrupt funds invested in bitcoin, because it can be dragged away due to basic needs or other urgently, of course, losses will be obtained if the bitcoins that are owned are priced down from the price we previously bought so that we are forced to liquidate at loss prices, and I think that is why some people project the way they invest in bitcoins.
especially when talking about land which has a fairly stable price in terms of increasing even though it is relatively small every year.

Me too, I'd better use a safe search strategy like doing a DCA strategy that uses the money from a portion of my income.
Doing what you do It's quite risky, especially if financially still not stable, except for the property that we sell to invest in bitcoin, the property is useless or just a waste of money to maintain it.

I don't sell anything to invest in bitcoins, but some people may have. I try to save expenses and collect as much bitcoins as I can for cheap, much more recommended than selling your assets to invest.

Consider that the price of bitcoin will fluctuate forever, so you really need to be able to invest an amount you can afford to lose. This means you shouldn't force yourself to invest by selling any asset as long as you can save some of your salary for doing so. You can, but if you can accept the risk.