Being thinking of selling off a landed property that's being dieing over the years and use the funds for investing but am still to see bear market before I make that move too.
That move of selling off a landed property to raise funds and invest in Bitcoin I think should've been made last month that Bitcoin recorded the lowest dip of the year when the price dropped to as low as $74k since you wanted to take such bold decision when the market is bearish. I don't think we're going to experience such dip again this year and even next year because the bullish run is almost upon and it's already been highly speculated that the price of Bitcoin will significantly increase when the surge hits the market.
It is never a good idea to sell land to buy or save Bitcoin, whether it is during a recession or at any time. Because the Bitcoin market is very volatile, there are ups and downs in the market. If a new person invests with the money he sold his land, he may get very scared if he sees a slight decline in the market and may even sell his holdings. Always try to invest with the amount of money you can afford to lose.
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.
I do not agree with your comment. Because selling land for investment is never the right method. Bitcoin has a lot of risk and you can lose all your money. You think that the value of the land is very low so you can sell it and invest, but as time goes by the value of the land will increase. The value of Bitcoin will increase but there is a lot of risk. In the first situation, he may become very scared. For example, when he invests with the money he sells land, he will see a small fall in the market and he may become very scared and sell his investment. So try to invest with your discretionary income, the amount of money you can lose.
There’s nothing wrong if someone decides to sell his or her landed property In order to use the money to invest in bitcoin, as a matter of fact I think that’s a very wise decision because nothing beats bitcoin. over the years, bitcoin investment have proven to be the best investment which will last for a lifetime especially for someone whose strategy is focused on the long term goal. Yes, land is equally a valuable asset that can also stand the test of time, but if you critically examine this two you will find out that bitcoin investment beats them all. Many people associates the volatile nature of bitcoin to being risk, but they don’t understand that bitcoin volatility is normal, as a matter of fact it is what makes bitcoin investment even more valuable and profitable, I mean why will a person whose strategy is on the long term goal be afraid of bitcoin volatility. Selling off your land to invest in bitcoin is a wise decision, bitcoin investment is highly secured and decentralized, you can’t wake up one morning and your bitcoin investment just disappeared, or someone will later come and tell you that your bitcoin investment is not yours, that’s not possible in bitcoin. But you see some land in question, you can just wake up and someone will tell you the land is not truly yours or that the land belongs to the government and it’s going to be used by the government for some purposes, in most areas, according to the land use decree act, all land belongs to the governments who holds it in trust for the people, even though you might probably get some compensation from the government which is very rare to be compensated, the amount of money you got from the government as compensation can’t be compared to the value you might have gotten in your bitcoin investment. At that point in time, you have lost the land.