Topic: What I did just to invest in Bitcoin. - page 2. (Read 405 times)

There are really things in life on which we should really be needing to make out some sacrifices for us to be better or getting that kind of opportunity on which we do really let ourselves do looks bad for that kind of possible benefit. We do know that we cant really be able to move forward if we wont really be making out such risks even we do know that it is really that something that could affect out in overall relationship specially into your family. They would really be having that kind of course on which selling out some land for Bitcoin? They dont even know on what it is on which it would really be that normal that they would really be totally against it. Good thing that you had made out some decision that you have lied and telling that it is for other purpose because if not then you wont really be able to successfully be able to invest on.

Now that the investment result or risks that you have done turns out to be positive, Then it is really that for the good of all. They would  all benefit it out and its really something that might
cause for them to show some interest on investing on Bitcoin or would really be knowing about cryptocurrency just because they've seen something positive on what you have done.
For sure they would really be that having those doubts that they have been that skeptical wayback but since its a secret then they would really be blaming you that
you didnt tell them about it. 

Some will agree with the action that you did, while some might not agree with it. For them land is more valuable, whereas some will say Bitcoins are good for investments, as it will give good amount of profit in short amount of time. If you ask me then for making profits in shorter period of time, yes it is a good decision. But at many places Bitcoins are not legalised yet. Hence this can be said land has more value in terms of legal movements.

Selling land and buying Bitcoin might be a good idea depending on your situation. A better solution according to me to sell half land and then invest that money in different crypto coins. This way , you wi also have the cushion of safe investment in land which can also grow at stable good rates.

If it were his land, I would support him because sometimes we need to make trade-offs to achieve greater success. But if that property involves many other people then I think OP's actions are stupid and greedy. How would you feel if someone took your money and invested it without consulting you?

Furthermore, if investing in bitcoin easily doubles or triples profits, I think everyone should do what OP did. We don't need to work hard, we can sell everything and invest in bitcoin. Then we will have 2 to 3 other houses and a huge fortune. Are you doing what the OP did?

Why in the world don't you newbie investors do your research properly before investing in this extremely volatile market? Are you prepared to lose all of that money? I doubt it since you mentioned it was blood money which is why you took a crazy risk here.

If you earn profit thanks to BTC surging later, the risk would have been worth it. However, if you lose your stash thanks to BTC falling drastically, you will regret it badly.

Well, congratulations because you sold the land that your family own, and then you used it to buy Bitcoin which is you only own yourself now. Talking about you being selfish, but if the profit that you will get will be shared to your family then I guess there's nothing wrong.

I don't blame you though because I know the feeling that you want to invest into Bitcoin hoping that you can get profit when the bull run comes. The adrenaline inside of you is too much that you made a wrong decision - that is to sell your family's land, then bought some Bitcoin. I've seen some members here who did the same as well. They sold their land, invested into Bitcoin and doubled or even tripled their money. That is because they invested at the time where Bitcoin is at it's lowest. As for you OP, Bitcoin has doubled already since it's recent ATL of ~$17,000. I'm not saying though that it will not go up anymore, but I just hope that your decision will give you better results.

Also take note that in investing, there's no such thing as "SAFE" and "NEVER LOST" because anytime you can lose your money especially if you made wrong decisions.

Do you know how stupid this sounds? The step you took is very annoying and you could end up paying big for it, what if you lost access to that Bitcoin? Just make sure you keep the keys safe and let me tell you a thing about family properties, even if the Bitcoin brings higher amount of gains in the future, the step you took to acquire it will never be erased, even your kids will get to know about it, and my question is can you be proud enough to tell your kids about this? If you child come to your face and tell you that he want to sell the family land to invest how will you feel?

If anyone isn't telling you the truth on here I will, you messed up pretty badly, you should have use something that belongs to you to invest in Bitcoin, even if it's your parents it will be better, but family? That's crazy, if you are from a family that consists of less discipline people they will start feeling entitled to everything you made using the family land, why? Because it's like you just helped them all, you risk their property, so whatever you made from it belongs to all of you.

Sigh, I am annoyed because I have parents that owns lands and properties and there have been some encounters in the family that involves in lands and it was very bad, till this day some part of the family had to split apart because of this, so I have some experience that's why I am telling you what to expect from their decision of yours, good luck.

Wow, that's one hell of a story. First and foremost brother, you shouldn't beat yourself because things didn't work out the way you expected or wished it should've gone, you failed to go into Bitcoin doesn't mean there wasn't a reason.
With what you heard about Bitcoin giving people financial freedom, is true but it doesn't mean what works for others will definitely work for you, that's where you got it wrong. You can start investing on Bitcoin and things might go bad for you in the line of investment, desperation can make you make that wrong call just because you want to be like others who made it through Bitcoin.

You have a family that doesn't see investing in Bitcoin is worth it not that is bad in going into the crypto world but they choose not to be interested and you can't force anybody to do whatever you want just because you have interest for it, life is a choice brother.
You said you are the educated one and they're not but you still want to force them to do what they don't want to do, too harsh. And I like that you're eager to invest on Bitcoin and you can go to any length just to get it done but where the problem lies is selling your Family property just because you're desperate in starting an investment on Bitcoin.
When you're Investing in Bitcoin or any other investment is not all about the profit aspect you talk about, you lose some and you gain some, because you put it to yourself that you MUST do it, went to sell your family land behind them all to start up your investment, haven't you thought about the negative side of it? What if things didn't go as planned what excuse would you give your family members?
To me your action was selfish.
When you getting into any Crypto business, is best you use what's yours so that if anything went wrong it's on you and nobody to blame you for it or ask you for refund. Borrowing too is not advisable to start up any form of investment.

OP, investing in Bitcoin is much better as you can earn a lot of profit in future. But you have sold your family land and invested in Bitcoin which is not right at all, the land is not yours but your family members will also get share. Apart from this, there is a lot of profit in the land, the price of the land is increasing day by day. Investing in Bitcoin is risky, you may experience losses. If you lose money due to investment damage your family members will take you under the law. You said you sold the land to go abroad, you should have gone abroad to build your career. If you were to go abroad you could easily pay back the land value to the family and you could save, much better to invest in bitcoins with the saved money. It's not that if you can't invest in Bitcoin now, you won't be able to invest in Bitcoin in the future. However, you have invested, now try to convince your family about Bitcoin. If your family doesn't understand, you can sell the investment and return the land value to your family.

You can either be a Hero or you can go to zero with this decision, because this is something that are VERY risky. So, if the Bitcoin price goes to a new ATH (All-Time-High) you can sell them and buy back the land and also show a huge profit... or the Bitcoin price can crash and you will be seen as public enemy number one. 

I think you made the wrong decision at the correct time, because all indications are that the Bitcoin price will be going to $100 000+ soon. I hope these predictions are correct and that you will be the hero in your story. 

Lol! You are stupid af!

Like Bitcoin, land is also an excellent investment and it is also Limited in quantity. If your land is located somewhere in a remote area, that's fine. But if that parcel of land was located in an urban area, you have probably lost your chance to become a millionaire by now.

Bitcoin works well in long term. So the goal of the investors is to average out the buying price. What I understand you have not done that and purchased bitcoins in bulk at a single price point.

Your family members have all reasons to be mad at you!

It seems that you are too ambitious to do anything to invest in Bitcoin.
Whether or not your story is true, it was foolish to sell your family's land without their permission.
After all, land is communal property, but if the land certificate belongs to you, it won't matter, but it's still a stupid act.

Don't justify such actions just to satisfy your desire to invest in Bitcoin.
Starting an investment in Bitcoin does not require selling family land.
Guess how much I invested at the beginning when I learned about Bitcoin.
I even only set aside $50 to make my initial investment, because that's all I could afford.

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And look at the advice given by @philipma1957's grandfather, just sell it if it's profitable and return the land money in full.
And selling land is not that easy, there is a legal process that goes on.

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And the part that makes me laugh is, you said that the money is safe and will never be lost.

You need to relearn how crypto works, there are many scammers lurking around, and they could take over the wallet.
No one will guarantee that the money is completely safe, you have to pay attention to that and be vigilant.

Investing in Bitcoin is not prohibited, but you should really think about what you're doing. It's not far from borrowing money to invest in Bitcoin... yeahh, it's not far from that because it's not your own money you're using.. it's your family's money. It's understandable if your family feels pressure and panic when they hear about what you're doing without prior agreement. Moreover, Bitcoin is not an investment you should stake your life on. It's highly risky and quite bold.

Having confidence in Bitcoin is great, but you should also be wise in choosing the money that's suitable for buying Bitcoin. Family property is important, especially if it's the only significant asset. You should also consider your family's feelings. They shouldn't have to feel worried due to your selfishness.

I wish you the best. What else can I say? You've already sold the land. LOL!

Although this may likely prove to be a good decision in the end as far as ROI is concerned, what you did could have caused you so much, even your life. That was wise as far as putting the money in Bitcoin was concerned, but that wasn't wise as far as selling what's not entirely yours is concerned. You could have been arrested for selling what also belongs to your relatives. Worse, you could have gotten yourself shot or your head chopped off because you're like stealing what also theirs.

What do you mean by family land? Is this a piece of land that has been in your family for generations but that is solely owned by you? In that case even if your family is mad because of what you did, you were in your right to sell it, so you just need to endure until the bull market comes and buy the land back if you can, while you still retain a great deal of your wealth that you can use in whatever you want.

However if by that you mean a piece of land your family members had a right to, then you unilaterally took a decision that was not for you to take, and in that case your family has all the right to ask you what you did with that money as you acted without their consent.

The leap of faith which you have taken is very courageous but at the same time this isn't something even someone who has been with Bitcoin sine very beginning would recommend, though Bitcoin is not as volatile as altcoins but at the same time there were people who has waited from 2017 till 2021 to withdraw the amount they had invested due to best market and some of them sold for lesser value. I just hope your family and friends understand the reason you did that and I would suggest you to check with this forum before making such once in a lifetime decisions because we have so many tenured and well experienced investors cum traders here they would share there opinion. But one thing, you have choosen right asset for investment and those who are abusing you will be behind you once you start getting rich through this investment which I hope you do sooner than later.

But there is always a chance to enter Bitcoin market it's not like only early investors had that chance, even now there are people invested during the end of 2021 and got more than 100% profit within a year.

A person must invest in Bitcoin to achieve financial freedom, because Bitcoin is a store of value. If you had known more positive aspects about bitcoin to your friend from the beginning, then surely you would have done bitcoin then and made good profit. At that time when the price of Bitcoin has dropped a lot those who have invested must have earned a good amount of profit, and they got financial freedom. Since you have gained knowledge about Bitcoin after a long time and have become interested in investing, it may be good for you in the future. But you must understand and take idea about the volatility of the market, otherwise you may face loss by investing and plan your long term investment. If you don't have a job then never take big ricks because you should invest only if you are in good financial position, any time there may be volatility in the market, and you may face loss that is why first of all you need to have personal funds. Invest when you save money and have a good amount of capital to invest, but you will get profit, but always remember that Bitcoin is safest to employ.

You did something that most people would never think to do: selling family land for cryptocurrency. Its great that you understand the details of Bitcoin, from the text to the fact, but you should also follow some basic financial rules. Spread out your investments and never let them cost you things or connections that you cant replace.

Your family's anger is a sign of a bigger problem with trust and communication. Their dislike of cryptocurrency isnt just due to a lack of knowledge; its also a sign of how individuals with different backgrounds understand new technologies. But making big changes like selling land can cause family problems that are much worse than any money gained.

You've called this a search for financial freedom, but what about the costs to your relationships? This needs to be critically reevaluated. You need to find a balance between your own goals and the needs of the group. Along with protecting finances, making sure that investments are clearly described, understood, and agreed upon can go a long way towards reducing conflicts and protecting relationships.

Selling the family land for your own investment is not a good idea. Telling a lie to make them agree to sell the property, what would you expect to be the result? The regret you feel for not investing early makes you agitated, resulting in investing even without the use of your own money. I don't mean to make you feel bad, but you should have set up a plan first before you initiate any actions as the approval of your family is required in this kind of plan.

The reason why you've been abused and feel mad is that you removed their right to know about the investment. Even if you tried to educate them about Bitcoin and no one listened to you, that's not enough reason to make your own decision.

So you invested in bitcoin with the money you don't actually own, and not only without their permission, but against their will. Great job. You're probably the "illiterate" one in this case though, not them lmao.