Post
Topic
Board Beginners & Help
Re: Only Sell what you don't need.
by
Taskford
on 01/12/2023, 08:48:52 UTC
Have seen many posts in the forum posters sharing their excitement about how they sold their property's to buy bitcoin and that's what called for this thread. Some claim to have sold land/landed properties, cars and other equipments. Yeah' no body has a right to dictate for you on how or what to do with your property , it is yours anyways.

However, you need to apply wisdom when taking such steps of selling a property to invest in bitcoin, make sure the property you are selling off you don't need it (a property you can afford to lose) because there is a risk in bitcoin investment the embedded risk of volatility shouldn't be neglected.

Lastly, whatever property you have decided you must sell off,  you could always sell divide the money, use part of the money realized to invest in bitcoin stead of using all of it, and then using the other amount remaining to buy another of that property elsewhere for a lower rate.

Now this is what I mean: assuming you sold your piece of landform $20k, you use $10-13k to invest in bitcoin and the remaining $7k to buy another land somewhere at a cheap rate. Surely, with years the value of that land will always appreciate so you still have a land (only that it's at a different location) while you invest in bitcoin stead of using (risking) all the money at ones.



We don't know if the story is true since they are just posting a story and anyone can write that up just to get sympathy or praise from people who read their tread. But I don't really get the point on why people do that especially if they said they would use it for bitcoin investment since this could put them in huge danger to lose their wealth in an instant.

Especially if the people who post it since maybe they just create a story so that people will have an impression that they are so passionate on bitcoin but all of it is just a lie since they are just trying to earn some merits from the story they created.

Even if I am experience crypto investor and trader I will not sell my house for bitcoin investment since usually I only use the small amount of money earn from something and don't have plan to do risky decision especially on physical asset since we know how risky the crypto market is.