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.
I don't see anything wrong with selling off a landed property to buy Bitcoin,it all depends on the investor goals and target. The both assets appreciate in value overtime but Bitcoin appreciate more better and is still growing. If you can also re call, the United States at some point was considering selling off some quantity of her gold asset to buy Bitcoin,Infact the president was even fine with the idea as he didn't have negative thoughts about it . However, if he(the investor)succeeded in selling his asset and while also considering the risk involved investing in Bitcoin, he shouldn't invest all of the funds into his bitcoin portfolio at once,better still,he should diversify some of the funds to other legitimate investment to reduce the risk. Also putting all your eggs in one basket is never a good idea because if anything goes wrong, everything will be lost. This is why diversifying your funds into other investments is important,it reduces the risk and save you from unnecessary troubles and worries. So if you likely encounter someone that wants to sell his asset to buy Bitcoin, please don't discourage him/her.
No, you can't equate selling a landed property and selling gold, because they are off different value. Yes it's fine to sell some part of your gold to buy Bitcoin, but selling off a landed property seems unwise in my own opinion because even in our society today, their are some people that even though they are very poor, they will never sell their land for anything else, because land is of higher value in our society today than gold and Bitcoin, because it's the only asset that can't be lost for ever even though their is fire incident or any other disaster, though some people might have a different opinion but I still refuse to see it as a logical thing to do, because land are even more difficult to get in a developed area than Bitcoin and gold.
I think it depends on how many plots of land one have before thinking of whether to sell and buy or not but aside this I don't think it is advisable to sell land to buy Bitcoin because Bitcoin is not something one can get enough of it at a time, one ought to be accumulating it little by little so how much do you think a plot we give one that he or she will be investing..., the person will definitely use some to settle one or two problem.
Real investors don't sell land to invest in Bitcoin unless selling of land is what they do for a living perhaps a Real investor hustle and get a stable source of income that he or she can be using to buy Bitcoin not to sell a land, I don't think I can sell my land to invest in Bitcoin unless I have more than 5 plots of land and funny enough someone who has more 5 plots of land shouldn't or is not suppose to have a financial problem to the point he will have to sell before investing in Bitcoin.
There are certain conditions which I might term it a good decision to sell land and diversify into other assets, bitcoin precisely. let us take a scenario:
If I have 10 plots of land and I am not developing any of them, nor using them for agricultural purposes, Possibly I have 5 plots in a certain area that is experiencing rapid infrastructural development like an airport being built there or a school faculty or trade center being brought down there, giving the lands a possibility of rapid appreciation, I wouldn't touch them. Then I have some other 5 plots of land in a remote village with no rapid development coming soon.
I would probably sell 3 plots out of the 5 in the remote village instead of leaving all stagnant and use the funds to increase my DCAing amounts into bitcoin. That way I'm diversifying into an asset with more profit potentials, instead of leaving all my plots of land in the remote area with no appreciation on my investment in view, and if later there is an appreciation potential in that region, I still have two plots of land there left to give me considerable profits.
I believe this is a smart investment practice of transferring a seemingly less performing asset into a more performing one like bitcoin.