What have you got rid of to accumulate Bitcoin - page 5.

deathcode

copper member

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Quote from: KiaKia on March 29, 2023, 09:16:07 AM

Some people said that selling off your properties for any reason sake is bad unless its an emergency, well I say, selling some part of my land is an emergency for me to grab some more Bitcoin, I feel like 2023 is going to be an incredible year for Bitcoin investors, I could get some more lands in 2024 or when Bitcoin makes a new ATH, what do you guys think? A stupid decision or a brilliant one? How will you take this?

I don't know I can't judge or assess other people's decisions whether it's a stupid decision or a brilliant decision.
But I think it's fine to sell some of your land, a good move in my opinion as long as you are not greedy to sell all your land or your property to invest in Bitcoin.
Because in my opinion land assets will actually be very useful someday whether I will rent it out or for build a business, a house for my children or maybe I will just pass it on to my children.
If you want to take advantage of the opportunities that exist by selling part of your land, that's your right and everyone will definitely take their own risks to try to take advantage of opportunities to get multiple profits from Bitocin.

Justtoons

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As we all know, land is a fixed assets whose value can not depreciation in couple years. the value of land increases as development takes place with time.

people who rent out their land, will earn more value over a couple of years without thinking about fluctuation or decrease in the cost. but selling out your land to buy Bitcoin doesn't really sound as a good idea.

you could as well rent out your land and use your yearly returns, or rent to purchase BTC and with time you will hold more than enough BITCOINS.

Price of Bitcoin, is unstable and can fluctuates unexpectedly. We cannot tell about the future or assume that 2024, btc will give a high return. so be wise, why making some decisions that may affect you financially.

CryptoHeadlineNews

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Quote from: KiaKia on March 29, 2023, 09:16:07 AM

Some people said that selling off your properties for any reason sake is bad unless its an emergency, well I say, selling some part of my land is an emergency for me to grab some more Bitcoin, I feel like 2023 is going to be an incredible year for Bitcoin investors, I could get some more lands in 2024 or when Bitcoin makes a new ATH, what do you guys think? A stupid decision or a brilliant one? How will you take this?

Bitcoin is an asset and likewise a piece of land, of which both has great potential to double in value in the future, so for me I will rather sell my car to buy Bitcoin than sell my land to buy Bitcoin. But thou it's certain that in 2024 which is the year for the next halving and it has been speculated that the price of Bitcoin will skyrocket so high creating room for another All Time High which is quite not far anymore.
So for me, the first thing I got rid off was using the money meant for my house rent to buy Bitcoin back then in 2020

Frankolala

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This is a risky move that you did,because you have 100% confidence that bitcoin price will hit the bull market after its halving next year. Anyway,i guess the land is not in a good location and it isn't something big. After the bull run you can buy a bigger land at a better location which makes sense to me.

I don't have any property that I can sell,all I want to do is to start acquiring some property now. I have been accumulating my bitcoin that is paid to me in my signature campaign because I believe that if I keep on accumulating it till 2025,I will have a good amount of bitcoin to sell.

LFC_Bitcoin

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I haven’t really got rid of anything so to speak but in 2014 and 2015 I used to be a cheapskate denying myself nice things to buy bitcoin all the time. It worked out well shall we say many years later. The best thing you can do is save as much bitcoin as you can for retirement etc. Bitcoin is your financial lifebelt so buy as much as you can, sell whatever you can, within reason to increase your stash.

You can go on as many nights out as you want when bitcoin moons. You can buy as many nice cars and clothes as you want when bitcoin moons but for now try to be frugal. Buy as much bitcoin as you can, your older self will thank you.

drwhobox

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If you don't need that land also, there is no chance that the price of your land will increase anytime soon, you can go and sell that piece of land a buy bitcoin, if I were you, I would make that decision. Obviously, I am not an expert so don't take any decision based on my suggestion.

Bitcoin price may go up this year or next year, but you can not guarantee that and make the decision out of that calculation.

$crypto$

legendary

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I can't tell the truth but partly it's a stupid decision because it takes more risk but it's true that bitcoin can return profits quickly than property profits, but I don't do it just for bitcoin because the way is wrong.

Or even valuable items that I have bought before will never be sold just because of the desire to multiply bitcoins in this way, this step is actually hard in my opinion they are only consumed by the high ROI in 2024-2025 even though I know that is a cycle where bitcoin is always will reach ATH again.

But I don't want to put all assets in one item, so I have several assets to store, such as property, bitcoin, gold.

jayce

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I can't really say that converting properties assets into bitcoin is a stupid decision, but it raises the risk. We are aware that you could gain big profit overnight with bitcoin because of its price volatility, but properties has been proven as the most profitable with less risk investment. Though, the bigger risk, the bigger profit.

Well I didn't sell anything to buy bitcoin this year yet, but I'm planning to sell my camera because I have no time to use it and photography apparently isn't my thing lol. I bought it by cashing out my bitcoin, and once I able to sell it, I'll probably converting the money back into the bitcoin. Good luck for your plan, KiaKia.

Davidvictorson

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Quote from: KiaKia on March 29, 2023, 09:16:07 AM

A stupid decision or a brilliant one? How will you take this?
Also share me what you have sold this year to buy some Bitcoin,

Will I sell my land to buy Bitcoin? No. Will I sell my gold or any precious metals to buy Bitcoin? No. Will I sell my car to buy Bitcoin? Yes. Will I sell my iphone pro max to buy Bitcoin? Yes. What's the difference? One is an asset and the other a liability. Assets will increase in value over time while liabilities will decrease in value over time. Truth be told, all we know about Bitcoin and its future is based on speculation and hope. It isn't something I will risk my assets for but will gladly do for my liabilities.

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What are you doing to get yours? Let's talk

I have a fixed amount each month that I DCA to buy Bitcoin. That's how I get my Bitcoin for now. Sometimes too, I chose to get paid in Bitcoin from some of my side gigs.

salad daging

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Land property is still very important and day by day the price of land is also increasing so I don't sell any assets just because of bitcoins because in principle I can still collect bitcoins in any way without having to sell assets which in my opinion is also important.

For example, by collecting bitcoins at this time, trading, with signature campaigns, airdrops or even there are still many ways for me to collect bitcoins, if this method can still be done and produce, why should I sell land?
I know that everyone is different in their understanding of how to get bigger profits later, but I have never done that method except for emergencies involving life.

But I'm the other way around, if I get a bigger profit then I will buy more properties to diversify into other assets.

Ndabagi01

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Quote from: KiaKia on March 29, 2023, 09:16:07 AM

Some people said that selling off your properties for any reason sake is bad unless its an emergency, well I say, selling some part of my land is an emergency for me to grab some more Bitcoin, I feel like 2023 is going to be an incredible year for Bitcoin investors, I could get some more lands in 2024 or when Bitcoin makes a new ATH, what do you guys think? A stupid decision or a brilliant one? How will you take this?

2023 will be an incredible year for crypto investors, but that does not justify putting oneself under pressure to sell something valuable in one's life. It has been said that you should only invest what you can afford to lose. In a real-world scenario, are you willing to lose your land after investing in bitcoin with it? We believe bitcoin will not fall or you will lose your asset, but let us not do or go beyond what we can control in the future.

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Also share me what you have sold this year to buy some Bitcoin, we will still be here in 2025 and I can't wait to share my incredible success story on the forum, Bitcoin loading, 100% acquired.

What are you doing to get yours? Let's talk

I have not sold anything to acquire bitcoin this year and do not intend to do so in the future. I'll definitely invest in bitcoin when I have enough money. But the pressure will not force me to do so. There is still time for me, and anyone can join at the last minute.

xSkylarx

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Are there any assessments that you have right now? except land? like a car, motorcycle, or jewelry because land is always appreciating in value every year, meaning its value increases, and if you plan to buy again in the next few years, for sure it will be more expensive. Also, bitcoin is an investment. What will happen to you if you lose your investment? How will you purchase land? It is better to save or buy bitcoin with what money you have than sell it off. I would really say it was a bad move.

BIT-BENDER

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Is never a stupid decision and also if anything goes wrong you bear the burden and if it goes right you get the victory so no one can really direct you on how to invest in Crypto-currency.

The base of your investment is that you hope Bitcoin would reach an all time high on or before 2024 well sorry to say there is no certainty in crypto-currency and never bank on popular opinion. If the land is yours and you want be in any trouble then it’s fine.

kryptqnick

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I'm not selling anything, to be honest. Firstly, I just don't have any major property or different assets, but secondly, if I had, say, a flat of my own, I wouldn't have sold it for Bitcoin. While Bitcoin may rise in value, selling property like that means having to rent and spend money on that, and the same goes for other major things to sell: there are significant trade-offs. And if you have, like, several flat or something, you probably don't need Bitcoin because you're already fairly well-off as is and can profit from lending your property or, at some point, from selling some of it when the market feels right. I think the best rule is to invest what you can afford to lose and if property or something else is that thing, it's alright to sell it and invest.

AbuBhakar

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I believe it’s ok to sell part of your properties if you didn’t use them or doesn’t get any income from it because it’s value is just stagnant. This time, selling it for an asset with a high chance of growing in the future by just holding is good because the property will just be same stagnant whether you sell or not.

The only time selling a property was bad is when you are using it but still you sacrificed it just to get capital without any assurance that you will get back your investment.

Bananington

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Quote from: KiaKia on March 29, 2023, 09:16:07 AM

Some people said that selling off your properties for any reason sake is bad unless its an emergency, well I say, selling some part of my land is an emergency for me to grab some more Bitcoin, I feel like 2023 is going to be an incredible year for Bitcoin investors, I could get some more lands in 2024 or when Bitcoin makes a new ATH, what do you guys think? A stupid decision or a brilliant one? How will you take this?

If your land is really big and selling a small part will not make the remaining too small for whatever you have in mind, you can sell small as a means to have investment in land and also in bitcoins. Deciding to want to sell your land because you feel this year will be good for bitcoins and that you can easily get another land may be a decision you get to regret. Land is as much as an important investment as bitcoins are.

Quote from: KiaKia on March 29, 2023, 09:16:07 AM

What are you doing to get yours?

For me, the only thing I that I can get rid off so I can accumulate more bitcoins is "habit". I need to abandon some habits that make me spend unnecessarily and on unimportant things. I have to get rid of the habit of drinking, partying and other such activities for the time being.

utybbas2

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Last year I sold an old car that I did not quite needed the money from, so I figured It might as well go to a good think, and i choose bitcoin as that.

Fiatless

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Quote from: KiaKia on March 29, 2023, 09:16:07 AM

Some people said that selling off your properties for any reason sake is bad unless its an emergency, well I say, selling some part of my land is an emergency for me to grab some more Bitcoin, I feel like 2023 is going to be an incredible year for Bitcoin investors, I could get some more lands in 2024 or when Bitcoin makes a new ATH, what do you guys think? A stupid decision or a brilliant one? How will you take this?

Also share me what you have sold this year to buy some Bitcoin, we will still be here in 2025 and I can't wait to share my incredible success story on the forum, Bitcoin loading, 100% acquired.

What are you doing to get yours? Let's talk

Diversification of investment is an important factor when taking decision in business. Investing is bitcoin is a great decision to take but it is also necessary to have other sources of income. It is possible that you can make so much money to buy more lands in 2024 and it is also possible that you might not make any profit. Nothing is certain in the bitcoin sphere that is why you are always advised to invest what you can afford to bear when you lose.
For me, if the land is not fetching me any profit and the price might not appreciate within a projected period of time, selling it to buy bitcoin is not a bad idea. But if the land is in a choice area that can appreciate or rise more than 100% like in my country, I will keep the landed property.
For now I have not sold anything to buy bitcoin because I have a plan that includes buying bitcoin every month from my monthly savings. I will keep accumulating with my little savings until I get maybe 1bitcoin in few years Grin

.

maydna

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I'm lucky I haven't sold anything in my house and only play the money I earn from my trading profits, and that is sufficient for my daily life and can also save in fiat and bitcoin. That is one way to survive, especially amid inflation currently hitting this.

You've done what you need to do to invest in bitcoin and it's probably the right thing. Perhaps, other people can be different, but we have the same goal and keep hoping to achieve that goal together later.

Maus0728

legendary

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Butthole?

Just kidding!

Do you still remember what Tommy Shelby from Peaky Blinders said, that everyone is a whore and we just sell different parts of our body? Well, in my case, I am selling my brain to earn money and accumulate BTC. Interestingly, sometimes it's quite the opposite; I sell my BTC for things that I know will only bring me temporary happiness, LOL.

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