Post
Topic
Board Bitcoin Discussion
Re: Do you think it's still wrong selling properties for Bitcoin?
by
Smack That Ace
on 28/06/2023, 16:52:17 UTC
I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.
For all my friends who wish to prohibit or express their disagreement with the OP, please re-read the emphasized words. The OP possesses numerous assets, meaning that the two-hectare land he sold to buy Bitcoin is not their only land. This should catch everyone's attention, that the OP took a risk, but it wasn't an all-in risk. They still have other lands ready to back up their future in case the value of the recently sold two-hectare land diminishes.

The disparity in economic strength undeniably has a significant impact. However, the essence is never to go all-in when you still have a life to live.

Those who are opposing the OP because they have overlooked this detail, what the OP is doing is the right thing and a good investment strategy.
I would call it portfolio diversification rather than him recklessly selling real assets to invest in bitcoin. But I also hope people should read carefully what OP is saying, this is not advice for everyone. Selling real estate or any other property to invest in bitcoin is never a good idea. Bitcoin is still a high risk asset because we should only invest what we can lose.