Topic: What I did just to invest in Bitcoin. - page 3. (Read 405 times)

You can't lie like that, because that land is your family investment, not as personal just for you. Dude, bitcoin is made not just about money, but about honesty, where Satoshi made long time ago just for goodness people who own that. So if you create the big lier and think if the benefit will make them happy, I think you've gone too far from what satoshi's purpose is. Maybe this time is better for you to be honest with your family, just tell the truth if their money (land) just invest on bitcoin. I don't think that's wrong, because the bitcoin value was increased, you have made a profit, If you tell the truth I am really sure, they will give for you money to buy more bitcoins.

Congrats. I understand that it can be hard when people around judging you, I wish you to stay strong and focus on your dreams and goals. Everything is possible if you keep being consistent.

lets go slow and easy.

When did you buy the BTC?

What was its price when you purchased it

If you grabbed it Oct 19 you paid 28k

It is now 35k

So just sell back most of it and give them their money. You already turned a profit.


BTW you lied to your family I do not know how the land was held or the laws of your area (county) but it almost sounds like you did a crime.

The action you did when not telling your family about you using the proceeds of land to buy Bitcoin is not GOOD.
It's not your money so they must have knowledge and they must be aware of where you will use the proceeds of land, it's already lying, like you told if you tell them that you will invest in Bitcoin, they will not agree, it's not good even you luckily made profits in buying Bitcoin.

OP there are things you don't do or consider doing on your own that require the permission of your family members before doing. but you see in the scenario of selling your family land for bitcoin is one of them. You need your family's approval before doing so.

Don't think that what you did was right "selling your family land for bitcoin''. Nobody who hears of such an act you took, will support you or say good of you no matter how you present it to them that bitcoin would make you rich in the future.

Stop defending yourself because the more you do that, the more it sounds stupid that someone sold their family for bitcoin, he or she doesn't know its future fate tomorrow. If one of my family members took the same action you took, I would be very angry because he is sane in thinking of selling our family land as an ideal step to take in preparation for the upcoming bull run of bitcoin

That sounds like a very strong determination. I appreciate what you are planning to do, but you should also realize that there are risks in investing in Bitcoin. You should use safe money to invest in bitcoin, one of the conditions that makes people lose money when investing in bitcoin is when they need money and the price of bitcoin is not good so they sell the bitcoin they have at a loss.

Even though there are many success stories in investing in bitcoin, there are also many people who lose money because of bitcoin. The main key in investing in Bitcoin is to hold it for a long time, you have to consider this and don't rush, adjust it to your financial condition. However, if you already have a strong determination to invest in Bitcoin, I can only wish you success

This is the worst decision I see someone make for a long period of time just to invest in bitcoin. When making decisions, didn’t you think that the land you sold with the name of travelling abroad is not your land but what belongs to your family? What where you think? All I can say to you is that the decision you took was so childish because you used the opportunity of your family's illiteracy just to invest in bitcoin, whereas in bitcoin, you normally invest what you can afford to lose, not by selling the family property just to invest.

Bitcoin is a great investment but it would be a foolish decision to sell your family land to invest in Bitcoin. No one can know what will happen, not even bitcoin, so we often advise each other to only invest what we can afford to lose. But in this case, you sold your family assets to invest in bitcoin and you are just a newbie with no knowledge about bitcoin. You invest just because you see many people improving their lives thanks to bitcoin, moreover you have no knowledge about bitcoin so your investment is a bad investment.

I hope you get the profit you aimed when you invest in Bitcoin.  About your relatives abusing you or blaming you into thinking that you waste the money, it is your fault by not telling them firsthand.  Your relative should have no say on the matter of investment if it is your own money you are investing.  They have no right to intervene with your investment unless the property you sold is a family owned and in this case, it is a family land so they really have a say about this matter.  

In fact @OP I think that your action is very inconsiderate because you use the money for your own desire when the money should be shared to the family since it is a family land.

That was a stupid move. Was it before or after you bought yourself a new iPhone?

You might want to think about giving your resume skills section a little makeover.

Just as a forum mate here will say in one of his comments that investing in bitcoin is not a do or die affair. You don't just invest in bitcoin when you don't have a recurrent source of income like a job or a paying skill. We usually advise people against borrowing to invest in bitcoin because of how the market is and from all indication imo the medium op used in getting the money that he had invested in bitcoin is liken to borrowing to invest because from all indications the land you claim to sell seem not to be your solely yours but of a collective family ownership.
 
It's true we advocating for more bitcoin adoption but we have to put it straight to people when they're doing it in the wrong way, always invest in bitcoin with money that's solely yours and you can afford to lose

Investing in bitcoin is not a do or die affair, and you do not have to use your family member's property or money to do so. Now that you've made the investment, what if the pressure on you becomes too severe and you have no alternative but to sell the bitcoin and compensate your family members for their respective shares of the property? It will be really bad if that happens, but for the time being, your peace of mind will be more disturbed as long as they are on your neck demanding their money. Never borrow money to invest in bitcoin, the repercussions is always bad unless you can control it to the best minimum as you’re trying to do now with your family.

I would understand why your family will be mad at you, because you have sold your family's land. And we all know that in every culture, a family land is very sacred, I mean it might be with your family for generations and generations and it's one way why you and your families survived. And from the way you put it, you might not have consulted them in the first place as you made that drastic actions and so there are going to be consequences.

But not sure though how you made that actions, of course, bitcoin is a great investment no question about that and it can make you a lot of money in the future. However, it's family land, it's inheritance and so it's priceless for me and hopefully though if you make some profits, maybe you can buy back that land of yours. Best of luck!!!

 About one or two months ago I created my first thread about my regrets for not not getting into bitcoin on time when I was first introduced to it by my friend many years ago.
And how I have made a decision to start my bitcoin journey because I now realized I made the biggest mistake of my life back then. Before my very eyes I have seen bitcoin turn the life of people around and gave them financial freedom.
I must say the truth since I made that first post I didn't just feel relaxed. Firstly I went ahead to read the bitcoin whitepaper to have a full knowledge about what bitcoin was all about. And I was glad I read that whitepaper. After that I took some drastic actions to make my first bitcoin investment. I did something which is making everyone around angry and he complaining bitterly about that. I sold our family land and used the money to invest on bitcoin. Initially I told them I want to sell the land and use the money to travel abroad. If I had told them I wanted to invest it in bitcoin they wouldn't have allowed me sell the land. I have tried educating them about bitcoin but they were not just interested to listen to me as they are all illiterates. Now the truth has finally come out and everyone is on my neck to get back the money. I told told them I invested the money, they thought I have spent the money on women and other things. I have been abused several times but I don't care because I know the money is safe and never lost. I understand that in everything good there must be some challenges and set backs. My resolution to invest in bitcoin is final and there is nothing anybody can do about it.