Topic: What I did just to invest in Bitcoin. (Read 447 times)

What I want to let you know so that you will not be feeling regretted everytime in bitcoin is that their is no time you invest in bitcoin that is not a good time or bad time to invest in bitcoin, as you are knowing bitcoin now and you are having the mindset to invest in bitcoin, you have to scrutinised the system before blaming people, their is so many people who have known bitcoin for more than ten years but they have not gain in bitcoin so therefore benefiting in bitcoin investment is opportunity and luck.

With apologies, who guaranteed you that your money was safe? First, you invested the money in a manner similar to investing in a risky venture, meaning you invested money that could become a cause of danger and loss to you. I always prefer for myself and for others that when one invests in a speculative asset, they should invest money that they can afford to lose or that won't pose a risk to their livelihood if it takes time to see returns. Ensure that your estimates for daily necessities are below your average level, so they don't lead to difficulties. In other words, any surplus beyond essentials, which is spare money, is better suited for investment in the crypto market.

Yes, you are right that there are challenges and failures to achieve good things, but the challenges should also be chosen which according to your status; you have the strength to face them, and you accept them. Have the competence to do. In other words, it means that you can't match the high volatility standard, but you have to keep your defence standard according to this volatility. Which are found in the cryptocurrency market. And you are going to accept the challenge of investing in it. Challenge refers to the same custody mentioned above.

I would also sell, in my opinion bitcoin has much more to appreciate in the long term than land. But every investment has to take into account the risks, if the fundamentals of bitcoin continue, it would be a great trade.

You really take a big risk in order to ensure that your investment is successful. I understand how you feel about the mistake you made in the past by not investing in bitcoin when you had the opportunity because the price had not yet increased to this point, and you don't want to repeat the mistake twice in your lifetime. I also know that you have a strong belief in bitcoin, which is why you sold the family land in order to make an investment. You mentioned that nothing would happen because you know the money is safe, that makes me laugh a lot,and I can tell that you've been wanting to start investing for a while, but you're running out of funds.

I believe that if you continue to educate your family about bitcoin, they will come to appreciate you more than they do now. Their current behavior is a result of their lack of knowledge of how bitcoin works; they may be concerned that you could fall victim to a scam, but in my opinion, they have no belief in this at all. Just keep trying to educate your family about bitcoin and they will come to believe that the money is really safe. I hope your investment goes well, OP. You've been accused of a lot of things, and some of them could even want to start investing too. If they discover that you did the right thing, I think they will also regret not trusting you the first time.

Its still never be okay to stole your family's land just for your own decision. We know that investing in Bitcoin is good as it could secure your future, but the fact that your family already have a land then risk it to Bitcoin which requires a lot of time to reach it's highest peak just for you to buy a land again. Remember that selling in the current time would be cheaper, and in the long time when you buy a land or property it would be expensive cause its value is also increasing due to demand of properties. We already know the differences of investing to real estate and to Bitcoin, which in the other hand it involves volatility. I guess you really need huge capital into real estate to make it to investment and give passive income like rental. Good luck to OP, hope he can ROI in just short of time so his/her relationship with the family would be okay.

Why do you have to sell your family land just to invest in bitcoin? I will like to know if you have a job. If yes, why don't you just invest from the salary you are earning? You can just allocate a specific amount of money that you will be using to invest in bitcoin. It will be better than selling your family property just because you want to invest. What if things go wrong? Where are you going to start?

You made a great mistake. How I wish you could get the land back. I will have just recommended that you sell the bitcoin and refund the money to the buyer of the land. Investing in bitcoin is really worth it, but you don't have to sell your properties just because you want to invest in bitcoin, what you just did might end up causing a family problem. The land doesn't belong to you, it belongs to your family, so you don't even have the right to sell it without doing the appropriate thing that you are supposed to do with money. You shouldn't have sold the land.

Since they were not ready to listen to you, you should have just left them. Not everyone will be interested in bitcoin. Since they are not interested, you should have just stopped disturbing yourself, you should have just invested in bitcoin with your own money. I am sure if you have done that, no one will be disturbing you because they won't even know that you invested in bitcoin if you don't tell them anything.

I would like to ask how you secured your bitcoin. How sure are you that your bitcoin is safe at the place where you store it? From the way you post, I'm sure you are new to bitcoin investment and don't have the appropriate knowledge that you are supposed to have before making an investment.

Dang, so he stole it? Oh poor guy. Yeah, that was wrong even though he is saying that he used the money in BTC. But he can always sell the BTC or trade it again to a land. He only need to seek a land dealer that accept it as a payment method. I'm sure there are now lots of them, since BTC is not a new thing anymore.

BTC is more volatile than a real estate. I know it can increase more in the long run but it's going to be useless if he will just HODL it and not sell on time while a real estate investment on the other hand, such as land is the opposite of it. It's much stable so the ROI that we can get here is consistent. This is why many investors consider it even if compared to BTC.

Do you own your ‘family land’? ‘Coz if not then you also have no rights to use the money you earned from selling it, and to decide where to use it alone. It is a good thing that you invested it to something profitable but you completely did it wrong in this case. Invest only an amount you can afford losing no matter how confident you are to its potential. Also use your hard earned money to lessen casualties if ever the unexpected will happen. You won’t like it as well if other people would do the same thing out of your consent. Sometimes it is not them not having the knowledge but you who is selfish.
Given that he does not totally own it, what about other relatives who also have a part of that money? Maybe they also need it for their personal interests. He could have only used his portion. Definitely one of the examples of people who are just seeing the potential profit and not minding the risks. Hope he won’t go cry someday pf what he have done.

While users will not buy this story, it's still not recommended to sell secretly the land you don't even own. It is a crime by the way. But let's say he really did it and maybe it's his last ditch to achieve his dreams. He better not mess it up by the time he makes money in the bull run and buys the family land back otherwise, it's a huge dispute where siblings fight to death for a piece of land.

Anyway, not believe that story still.  But there are several ways to earn BTC instead that's the way to go. The games and rounds section of this forum allows everyone to earn BTC just by playing the games.

Investing in bitcoin is not a priority, and so many bitcoin experts in this forum and everywhere have always advised people to always invest their personal money and the money they are willing to sacrifice for long, and it should also be the money they can afford to lose. All this advice is because of how volatile and risky bitcoin investment is. Therefore, this is a bad decision because you invested money that you cannot afford to lose because the money is not yours.

For example, if you lose the wallet private key now, your entire family will never believe you, and they will claim that you used the money for something else.
I understand your feelings and your dedication towards wanting to become a bitcoin investor, but your actions were wrong. You could have sold your own portion of the land and used the money for bitcoin investment instead of using all your family money to invest.

I exactly felt the same way, selling your family's land could might be a selfish thing to do as you decided to sell if without their willingly to sell it, plus the fact the Bitcoin investment is consider a huge risk to enter as well, so there's no guarantee it could pay back or it might take a long time before you reach your target price with Bitcoin. It's normal for your family to be mad, cause imagine all the sacrifices they have made just to own a property land because nowadays every land are now pricey and expensive as the time goes by. I think it would side with OP, if the case is he's all alone taking this kind of decision, but when it comes to family land, you would need to communicate each other and take everyone's approval, cause for sure every rejection have a reason that's why y'all need to be opened with each other.

I don't know about you guys, but i think this story is bullshit and is made-up, how do you sell your family land to invest in what you do not understand, reading through your posts it is obvious that you don't understand what BTC is. Take note that if you have this plan of selling anything valuable to you because you want to invest in BTC, don't do it; invest in BTC with a portion of your income, and if you do not make enough, work on getting a better source of income.

It is worth mentioning that the BTC network is safe, but your keys are stored locally in your device, so you need to have good opsec to keep your coins safe, and if you don't understand much about BTC like you do, you can lose your coins very easily.

What the OP did is a big risk , but it is a demonstration of the security that that person had, I admire it, but I didn't see the lie well, but I still refuse to analyze that if he told the truth I wouldn't give him the money, that seems very reckless to me what he did and apart from very, very strong, and he did no wrong, I would still have the money saved in bitcoin , because I know that it will go up by this date or next year, but if he did that and still You can keep the money in Savings mode and do it because the idea is that you will Always put it all as a way of investing in the future, and then you can Replenish that money and save with more profits , it is the Best.

However, this story is not clear to me, but if the story is legit, then I would say that Bitcoin investment is not by force. By the way, you are still a Bitcoin newbie that doesn't know or have good knowledge about Bitcoin, so why did you have to sell your family only land just because you wanted to invest in Bitcoin? You have done what you are not supposed to do because, in Bitcoin, investment profits are not guaranteed. Imagine now that you have sold your family's only asset. What if you lose it in Bitcoin investment while trying to get some profits from Bitcoin investment?
Your families are angry at you and you are still not not sure of making profits from Bitcoin investment.

I don't support you for selling your family land to invest in bitcoin. For want you have done, you two risk in the investment of bitcoin. The number one risk is your family because the angry ones can use diabolical means to kill you, so by selling the family is a serious risk you have taken. Then the last risk is bitcoin investment. Now that you sold the land to invest in bitcoin how long are you hodling the coins? You have to understand the precautions from the both side before taking a decision which will not affect you. Family land issue should be handled with care.

i'm sure there are many people out there who were rejected by those closest to them because they told them the idea of Bitcoin, they didn't get that trust, so keep the enthusiasm for those who tirelessly introduce bitcoin to this world, especially to the people closest to you, i know what you feel and to be honest it won't be easy especially when you give them knowledge about bitcoin sincerely but they don't listen to it because they afraid of being deceived by investing in bitcoin, but you also have to be able to consistently convince yourself to stay in bitcoin, don't give up because you think bitcoin is not profitable at all, look at how the price of bitcoin fluctuates, if you are wise then you can take advantage of the moments of these price fluctuations to make a profit.

The OP has really progressed since the last time he wrote his story, from spending 10 years trying to figure out Bitcoin, to overnight deciding to sell some land and invest in Bitcoin. Now he supposedly has a problem with his family because of that, but if the land is his (and if he sold it, then I guess that's how it is) then what is there to justify to anyone for what he did?

Let's put all that aside and say it's irrelevant - I'm just interested in where the OP keeps his private keys, because if he does it the wrong way, he might be surprised one day and conclude that it would have been better if he hadn't sold the land, because the land is still much harder to steal than Bitcoin, right?

I really dont know why that person would you trade his/her family land just to have a money to invest in bitcoin? the land itself is one of the major investment nowadays, If I were his family member, I'll be upset too because of what he did, selling the land without giving the real reason why. In fact, Investing in bitcoin is very risky due to its volatility, there's no certainty when its price goes up and down unlike the value of land, It appreciates from time to time. For me, It's better to invest in bitcoin if you have your own money to use, not from the money came from the property of your family that you've sold.

If I am a member of your family, I will also be very angry at you first because of the deceitful means you have used in making we the members of your family allow you sell the family land. And also because of that, Say I am a member of the family that has no knowledge of bitcoins, I will also find it difficult to see any investment in bitcoins you have made as true because you lied already in the first place. If I a member of your family who have knowledge of bitcoins, I will not give you commendations for your actions to invest in bitcoins.

Return back the money for the land back to your family immediately you are able to make profit from it.

That's the problem with desperation, you don't think straight and it has to be with newbies that only see the positive side of investing on Bitcoin and the knowledge isn't there but with the little they know, they think they know it all. And family property that you know is not for one person is very bad to put it upon himself to sell.
The OP made a decision that he thought would favor him, fine it will but how can he pay back for what will happen after selling the land? What if in the nearest future the family wants to sell the land to save someone's life or something urgent to help the family?
If the land is not there and everything went bad in the investment, OP would live in regret and he can't change the hands of time.