Post
Topic
Board Bitcoin Discussion
Merits 2 from 1 user
Re: I am now financially ready to invest.
by
SmartCharpa
on 17/12/2023, 12:42:53 UTC
⭐ Merited by Antotena (2)

I am the only child of my father, father worked hard since childhood to build a cow farm and there are several cows. A few days ago I discussed investing in Bitcoin with my father. At first my father didn't care about this and told me to focus more on my studies. The first time I failed to convince Baba but after several attempts I managed to convince Baba and ask him to sell some cows of his farm to pay for the investment. At first he was not willing to sell cows and pay money, but thinking that several cows will give birth to new baby cows in a few days, he decided to sell 10 bull cows and give me money for bitcoin investment. Since the sizes of the cows are not very big, ten cows can be sold for $7000. I invested a small amount before but I feel like I should increase my investment amount, and my second investment journey is going to start with $7000

Happy to think that dad will sell 10 cows of his farm's choice to pay for my investment and on the other hand a little scared but I am ready to take the risk. Maybe tomorrow I will get the money from selling the cow and tomorrow or the day after tomorrow I will invest the whole money in Bitcoin. Although it is a big risk for me at first, I believe that I will get a good return on this investment.

That's a risky but good idea. I don't know how long you've been familiar with bitcoin, but I don't think your father will. Try to convince him more that if you and your family can hold bitcoin for more than a year, there's nothing to regret about your decision. Because of the risk you take by selling your father's cow to begin your investment journey, don't invest for a short period of time for you and your father to benefit from your investment. Teach him more about bitcoin, with the risk it take, it is not possible to invest for a short period of time and then expect to achieve great things, he should not doubt your decision that you want to use the money for other purposes.

You are about to sell 10 cows, that worth $7000. If you sell the cows, invest half of the money now and use the balance later. I believe you are also afraid of your decision. Your father worked very hard to build this farm land over a long period of time, so in my opinion, that was his investment as well.