Bitcoin Forum

Hello.

I am 49 years old and have high school and junior high school sons.
My salary is $2,400 a month, but I have to repay $2,000 each month.
I have a side job, but I'm having trouble paying my tuition.

I recently found out about cryptocurrencies.

I want to study BTC.

I feel sorry for you. This must be a hard time. But the only sustainable way to get out of the situation is to increase your salary and decrease your expenses.
People with cryptocurrencies don't magically create money out of thin air. Hope you didn't get something wrong here.

I'd suggest you go and increase your knowledge about your job. Then, pick up a book for salary negotiation and career. And then act on that knowledge.

BTC will not magically make you rich.

Thank you for your advice.

I inherited my father's debt.
The amount is about one million dollars.

Please read the rules:


This is a place where people come to discuss bitcoin, if there wasn't a firm rule against begging, our forum would be flooded with sob stories and it would become useless for those that actually want to discuss bitcoin.
I'm sorry this has happened to you, but this isn't the place to ask for money with a story that nobody is able to verify.

I understand.
I'm sorry.

Here's your first lesson:

If anyone PM's you offering you a magic way to double your money. Don't trust them, it's a scam.

There's alot of scum here praying on people in despair, and are offering them fairy dust to solve their problems. Don't trust them!

Is there any way you can lessen the monthly ammortization of that debt? Like to extend the terms of payment. I know it is that hard because I myself also had loans but you were a bit better than in my situatio because you can still have 400 usd a month to which if that will be converted to in our place that is the average earnings of public school teacher.

Changing lifestyle will help one to save. This is what I have done after having a loan in the banks for buying a property. And do not think you can earn here fast and easy using cryptocurrency. There is no way for that here to happen. Read first the forum rules and regulations (the pinned post above) and at least obtain first some merits.

Do you have some skills or knowledge you can offer to this community?
Programming,  translation, logo design?
If so,  you can offer your services in the market section of the forum and earn additional money.
Otherwise,  you can simple invest and trade with btc and altcoins.

Try to change your job with big month salary + side job where you can handle it both. Or change your kids' schools at low cost.

I don't know what your skill, if you have a good hand you can try your luck on Games and rounds (https://bitcointalk.org/index.php?board=71.0). which board where you can earn some $ or BTC

Study BTC for what? to be a developer? it's hard, you must be a focus and leave your real jobs.

Hello sir, and welcome to the forum :)
We can only help you through sharing some knowledge that we have.
It is good to read first those pinned threads on every board  and sub-board.
Read and follow the rules.

If you wanted to know how you can earn here, this might help you:

https://bitcointalk.org/index.php?topic=1629118.0


this is a pinned thread on Beginners & Help board.

Enjoy yourself and we wish you the best luck!

It's hard to live off with that amount and knowing that you have kids at school. The solution won't be bitcoin for you IMO. Because investing in bitcoin takes time unless you can be an excellent day trader which you can generate daily profits in trading.

I guess the solution is to get another hustle.

He already corrected his thread by deleting his Bitcoin address for donation if he did not do that I am also one of the people that will castigate him for making this forum a place to beg for donations, you are still making money, here in our country people can hardly meet their needs.

I don’t know what type of help you are after, but financial aid is not on the table on this forum (except for through a few sparse project initiatives to aid other forum members in specific circumstances), and it would be weird, and close to unethical, to even ponder it, having a decent salary (by contrast with many forum member cases), whatever the associated financial lateral burdens.

I personally do not believe most of the stories that shield behind newly created accounts, and I doubt many people do. Now if you want any sort of help understanding anything related to Bitcoin, then fine, proceed at will. 

Given the debt and a monthly repayment of $2000, you will not be able to repay that debt for the next 40 years. I don't see how Bitcoin can help you because obviously you don't have extra money to invest, and with such a debt, not even the best signature campaign on the forum would be of much help to you.

Without going into how you inherited the debt, in some EU countries the debt is transferred to the successor only if he accepts the inheritance - which means that before you accept the inheritance you need to check if there are any debts.

It is not that simple to get other job with bigger salary, if it is that simple then he should not have came here to share his story.


It may help but not that much.


I would not recommend him to visit that board as it may bring him into something worst because that board is related to gambling.
Although there is a way to earn free money from gambling it is not wise to recommend people who are in financial difficulties to jump into something related to gambling.


I dont think so, he do not tell the exact thing what he want to learn about BTC.
High likely he want to learn how to make money with BTC through trading or investing.
Even if he want to be a developer, he do not need to leave his real job.
It will be stupid decision for someone who is in financial difficulties to leave his real job to learn something from zero.

One million dollar is a huge debt for a person who only have a salary of  $2,400 a month, that is never enough for a father who is working so hard. Doing extra effort can help you but you need to sacrifice for you sons future.


There are a lot of people who are treating BTC as a quick rich scheme, they don't even know the reality and struggle of those btc users.

But we can't blame them because they are not that knowledgeable at first towards the use of bitcoin. If you are really interested in bitcoin, you need to know how it works and you need to deal with risks.


Bitcoin can somehow help, but you need to invest on it. The profits there is not that immediate because you also need hardwork and effort in order to grow there.

Bitcoin is not an instant money, you should understand that.

Please, don't mind. I am not forbidding your children to go to good schools but everyone should spend according to their income.
Forgive me, You didn't mention anything aout your skills, In this forum you will find many part-time type income sources like Photoshop editing, video making, promotional art or banner making. If you interested to invest on crypto market then at first you must have to achieve a good knowledge about crypto trading, Online trading is profitable but without proper skill it is tough to trade properly.

That's also one of the reason why the budget is not enough, improper spending of money is the reason why you are suffering financially.

It is clearly your fault if you are having that kind of struggle, but you are also the one who can overcome it. Each and one of us have different kind of struggles in life, it depends on us on how can we cope with that depending on the circumstances.


There are a lot of options here in this forum, there are plenty of sidelines where he can apply. But the question is, do he really have any skills or talent in making digital designs?


With those basic fundamentals skills and strategies in trading, that's enough for a beginner trader. But as you are trading from time to time, you need to become better and make yourself grow so that you can earn bigger profits.

I will not give you magic money, but I can offer you a loan in bitcoin. This will help the first time and very well. we can make friends and in the future already discuss joint earnings without investing money, but invest only your time. my telegram @Fasesieno

Good day, mate, I think you go into the right place because there are a lot of people learning with this forum and also exchange an idea which is a good thing to know and also about that some of the members already gives the thing you should need to learn to earn more bitcoin.

I think at that age you have skills that are related to the technology or technical skills you can visit our services to earn more bitcoin but still, it's good to read the guidelines to avoid getting trouble and issues regarding your account.

Given the above post and what the OP wrote, I would not recommend that you make any arrangements via Telegram - no one gives loans to complete strangers just like that. There is a reasonable suspicion that this whole story is just a scam attempt, and ClydWell is just OP alt account.

Could well be. This @Fasesieno bloke keeps on trying to lure people to his Telegram profile, where all the conversations will be out of sight from anyone willing to watch out for inconsistencies or clear scam flags. That’s why many things are better dealt with in the open (on this forum for example), so long as you don’t reveal personal information.

Here’s another example of a message by @Fasesieno, which has now been deleted:
A real solution provider ...

A new account with only 2 posts offering someone a bitcoin loan is going to end in a scam. If not why did you have to create a fresh account to render this help.

Many higher colleagues here have answered your question, here is not a get rich quick room, we discuss about cryptocurrencies and blockchain technology. If you really need money now about bitcoin in a miraculous way, then it's isn't possible, if you have really accept the fact that you may need to read and study bitcoin and it's whole features. Visit this site for clarification. https://bitcoin.org/en/

That's really bad my country has billions of dollars of debt and they let us pay for it, every one of us has debt after you pay your rent or bill you are in debt again after a month so don't get depressed I have a lot of debt but I never ask donations here and ask my co members to help me pay my internet connection so I can continue watching movies on Netflix.

I second that, @ClydWell tried to another scam attempt here (https://archive.vn/v9yUi). He is selling his bitcoin there 20-30 off price where he is selling full account/private key with funds. This post just is a part of the drama to scam newbies. And scammers are targeting this board because most of the newbies active here. Monthly $2400 salary is pretty high, at least reasonable I think. Monthly $2400 salary is pretty high, at least reasonable I think. So why OP need help from here or what kind of help he needs?

I am no lawyer, but I believe debts die with you. You cant inherit debts or give them to your kids. When you die all your properties are given to those you are in debt to and if there is anything left it go to your kids. If tehre is more debt, that debt dont go to your kids.

Actually, this depends on the country.
And unfortunately, you can inherit debt in most of them. As in past, many people have tried escaping debts by fake suicides.

In what country do you inherit other people's debts?

Or is there an asset tied to it?



While normally true, the current global situation has made a lot of people suffer financially through no fault of their own. 

I used Newscrypto and Tradingview websites to learn about crypto. The first one having a very good educational program and the second one has some great users that share knowledge through their ideas.

Here in our country, that kind of salary is really high only a CEO here in our country can earn that amount but salary very differs depending on the region, about help if you notice the second comment after his posts the poster quoted his thread with his donation address on it, it's not there anymore on the thread because he already edited, another newbie asking for a donation but this one is richer on those whom he is asking for donation. :D

Don't think about bitcoin that it will make your financial problem easier or in short it will make you rich but it's not. You may able to study bitcoin and use the chances you can earn money through bitcoin. Having skills that is useful to bitcoin could also help you earn money but not much. Try to search what you can do to earn and keep in mind that begging is not allowed in here.

Oh welcome here in the forum. It seems you were already in a good place where you can learn all the things you must know regards with cryptocurrencies. But as a reminder, crypto would not guarantee to solve your financial problem in a short amount of time. This requires a lot time, effort and experience. Crypto now is not like good old days where you could get so much rewards in bounty campaigns.
One last thing, begging was against the rules this forum so I'm glad that you edit it out.

If you are a new comer in Crypto then my advice will be the solution for you.
First of all BTC is a virtual Crypto currency which is well known for its volatility.
So if you have money problem or you have no knowledge about risk management then don't invest in BTC.
First you should learn about whole details from this forum.Then try to earn free BTC and day by day you will learn when to invest in.
So be prepared first before taking any action in Crypto.

Looks like @seiji-h never come back here after he said "I understand. I'm sorry" as the latest comment he made on July 22, 2020. I doubt he already thinks that studying BTC isn't the solution of his problem. And he instantly gives up and forgets to learn BTC. I don't know if he really wants to learn Bitcoin or just trying to get some BTC from the members of this forum. As he never introduces himself clearly and explains in detail what he exactly wants from learning BTC, I think we should suspect him. Therefore, I think this discussion has ended already as OP seems no longer need it.     

It still good for your age. You can study the trading or investing in coins. But before you go through the lessons, I would tell you that in cryptocurrency, there are many many risks. We risk our money that we put in exchanges. You can become successful but you may rekt as well.

You can try to watch videos or search some trading tips in google. It is not late for your age, you can try it and if someone confuse your mind, forum users is always at help. Remember, it is always hard to start but when you begin and enjoy the process, everything might become easy.

I wonder, how would studying about BTC do anything to make him richer? The true question should be how he could earn with/ from BTC.

People often say that "knowledge is money " or "knowledge is power " 😀
If you had never heard of bitcoin you wouldn't have a chance to make money from it,  would you?
By the very knowledge of bitcoin and its holding, he can make money.

Without a doubt, learning about Bitcoin (and other cryptocurrencies) provides new earning opportunities. I'm not talking only about developers and programmers but about the various new opportunities for ordinary people. Take for example various staking and lending platforms, day trading, and investment options in new projects. Almost none of this would be available without, at least a basic, knowledge about Bitcoin.
Besides, with a better knowledge of cryptocurrencies, you will find it harder to fall under the common tricks that scammers employ to suck people in.

This is an excellent idea as you study cryptocurrency but making money here isn't very easy it requires your knowledge Investing needs enough capital that you simply don't have and if you are doing not understand the market you'll follow the danger then the frustration will increase. So first study crypto then believes working crypto can never make anyone rich quickly it takes time.