I am a government servant, working in regional land office. At the end of five years of my working life, I have spent part of the salary I received during these five years for family and saved part for future. I have been saving my money in the bank for more than five years for the purpose of saving for the future and purchasing a land.
And while you were saving money for five years, the price of land was also rising all this time. Those pitiful interest accrued by banks, most likely, will not even be able to compensate for this difference in the rise in price of land.
If you had become interested in the bitcoin earlier (5 years ago), then by now, most likely, you would have already become the happy owner of your own land. Over the past 5 years, the price of the bitcoin has increased quite significantly and an investment in this would already bring a significant increase. This is better than a low-yielding bank deposit.
If I were to mention the amount of money I saved in five years, it would be about 11 thousand dollars if converted to US dollars. My plan was to buy a land with this amount of money but whenever looking for land to buy land my idea completely changes because the lands I like will not give me this amount of money. If I can't buy land in a position, I have no desire to buy land in a common place.
I just dont understand, did you want to buy land for future resale (for speculation)?
Since I have like 11 thousand dollars right now, I want to invest this amount in Bitcoin instead of keeping it in the bank. I know about investing in bitcoins and I know that there are risks involved, I am investing in the potential to grow money but I want to invest in bitcoins with the understanding that my money may go down due to market volatility. I decided to withdraw the money from the bank at the beginning of the new year and plan to invest the money in bitcoins. Now that I can't buy land, I will definitely hold this investment for a long time so that I get good returns at the end of the long term and I can also accumulate some more money through employment.
Don't delay your purchase. Have you noticed how sharply the price of the bitcoin has been rising lately? Its not too late, but with the current hype (possibly short-lived), you will get fewer bitcoin (parts).
At the time I planned it I felt I should have planned it earlier.
What has happened has passed. You still have time to get into the last carriage.