Post
Topic
Board Speculation
Merits 3 from 1 user
Re: Buy the DIP, and HODL!
by
Joy- maker
on 17/05/2025, 09:40:18 UTC
⭐ Merited by Pi$$ (3)
I don't see it as a bad idea for someone to sell their land and invest the money in Bitcoin if they have a tangible reason for doing so. For instance, if someone owns land that is not in a developed area, they can sell it and invest the money in Bitcoin, provided they are willing to hold onto the Bitcoin for a long period of time, say, at least 4 to 10 years.In fact, I know someone who sold their land before and invested in Bitcoin. That person is now making significant profits. If they were to sell their Bitcoin today, they would have made three times the money they got from selling the land. Even though the land has appreciated in value, it hasn't grown threefold within the few years since it was sold and the money was invested in Bitcoin.

What I want people to understand is this: as long as someone does not intend to add value to their property and believes that selling it and investing in something else like Bitcoinwill yield more profit with less risk, then it's not a bad decision. However, this should be based on the individual's specific reasons and circumstances. While selling land to invest in Bitcoin can be a smart move, I would not strongly encourage it unless the person has carefully thought it through.
if you sell your land to invest in bitcoin, that means you have the mindset that bitcoin is a get rich quick scheme which is very wrong, because if you sell your only land to invest in bitcoin, with having a source of income, nor emergency fund nor back up fund, believe me you will end up selling your bitcoin investment at early stage of accumulation and you will also be in lost, why because your bitcoin investment has not yet measured for harvest.

If you are interested to invest in bitcoin, first of all have source of income Very important, then you can get started by investing in bitcoin with your discretionary income consistently using the DCA method, may less say  3 to 6 months time after you must have started accumulating bitcoin with your discretionary income you can start building your emergency fund and backup fund, for those fund is what will back up to able hold your bitcoin investment for 5 to 10 years of longer.