Bitcoin Forum

To be honest, I don't really own bitcoins because I do not HODL. I always see myself selling my coins due to one issue or another, possibly because I really cannot afford to live my dream of holing until Bitcoin makes me rich.

In practice, I barely earn more than $3000 from my job, my wife's mortgage, and other demands waiting to snap up the money. Sometimes I sell in a bull market, and other times I sell in a bear market. Would you say that holding BTC isn't for everyone? Am I not too broke to depend on Bitcoin for financial freedom? Yeah, I'm working for my financial independence, but Bitcoin has remained a peripheral component of that plan. Only if I can HODL for a few years.

Do you comfortably HODL? 300% is quite a lot. 1000% for me is a dream.

3000$ per month or per year? Because this amount is already decent if it’s per month unless you have tons of fixed bills per month.


Your problem is mainly because you are investing money that you will need to use in your future expenses such as bills that’s why you can’t hold longer. The key to your problem is just invest money which you didn’t need to spend in short term. Try to invest small regularly so that you will not be needing this money anytime soon for you to hold.

It’s not about you being poor but rather just proper money management. It’s not necessary for you to invest big immediately.


My biggest hold ROI is x3 on Bitcoin when I purchase on 10K and sold at 30K.

The problem that you are having is that you are using the funds for important things to invest in bitcoin and this is why you cannot hodli. Since you are earning up to $3k, you should make a proper calculation on your monthly expenses and how much it is, after that, you should also keep some funds in reserve for emergencies that can occur in future. If all these are done, you should look at the amount left and if it is still up to $500, you should keep $400 aside and use only $100 to buy bitcoin regular, either weekly or monthly based on when you do get paid. If it is weekly, you accumulate the amount for one month to make sure it is $100. Always buy bitcoin with this amount every monthly, and practice this for four years, it is called DCA method. Forget that you have an investment somewhere, but your concern should be your constant buying to keep on increasing your bitcoin portfolio. Then be patient with your investment for a very long time. Before you know it, you will have a significant amount of bitcoin in your portfolio after four years. However, if after doing all your calculations and you just have let me say $20 below, you should cut down your expenses and also look for a second means of income to enable buy bitcoin and hodli for a long time and also it will help you to be able to increase your bitcoin portfolio. Only use the money that will not be useful to you for a long time to invest in bitcoin so that you can hodli.

True.
Depending on in which country he is living of course but 3000$ won't qualify as being broke I think.
Sure there are some bills and so on but I honestly think at least a little bit of cash each month, even as low as 100-200$ to invest into bitcoin would be doable. Of course we don't know your whole situation but in my opinion you have something you can build up on.
Don't be encouraged or anything.

You're right. The expenses are in megatons. Even bought a hardware wallet sometime ago to start HODLing. There's zer btc in it.



Can't seriously seem to not need any short-term. :-[

So is the $3000 a one-time job that you do or every month?
That's a big amount if you say you earn $3000 a month, but it also depends on your lifestyle and the place you leave if you live in Europe, it might be a little for those of you with families.

HODL bitcoin depends on the individual how they can withstand the temptation that continues to exist, such as where there is an urgent need you do not have emergency funds then what is done is to sell bitcoin at any time including during bearish times maybe because it is forced, so if you can only HODL in a year even though it is already profitable better right?

Yes, at this time we are used to HODL, 300% is big enough let alone 1000%.

The way you described your situation, it makes me think that you are investing in bitcoin way more than your finance can handle (that forces you to sell during bear) so maybe you should adjust the amount so you are more comfortable hodling for longer period of time.


Hardware wallet is a good investment even if you don't use it for a long term hodl.

Before investing into Bitcoin, you have to firstly have a source of income, because if you don't do that and depends sorely on the dividend on your Bitcoin investment, you will surely eat up your Bitcoin investment bit by bit till it's been exhausted.
So my brother you need a source of income first before thinking of investing in Bitcoin.

There have been people around us who have experienced this because of necessity so Bitcoin is not held like a long-term investment in the hope of selling at the highest price.
Practices like this do not need to be blamed because Bitcoin can be used as we wish.
It is impossible for us to hold Bitcoin for the long term without selling when we need it for our daily needs.

Because we are aware that Bitcoin can provide large returns when the price is highest, then when there is money left over after daily needs, switch to Bitcoin even if the amount is small. If we continue to do things like that, I am sure we can achieve our goal of holding Bitcoin.

the problem is not whether he has income or not. he has a source of income, because he says that he barely earns more than $3000 from his job, but the problem is that money is tight and he has difficulty investing in bitcoin because of this. so what is at issue here is how his financial condition is related to his ability to invest in bitcoin.

and it is true, that not everyone is suitable to invest in bitcoin, because to invest a person needs to first see what their financial condition is, whether they are able to invest or not, because priority things must come first and if these have been fulfilled then then they can invest with their excess money.

Well, thats life on which not all would really be having the capacity on holding up their coins into that situation that they cant really be able to snip it out or would be able to pull it out, considering that we do have that different life situations on which there are ones who could really be able to solve out problems without the need on pulling out their investment but there are ones who cant really be just that able to do so just because their income source cant really be able to hold it out and this is why we dont really have no choice but to convert those Bitcoin into cash specially when we are in need. I cant really blame out someone on missing out those profit making opportunity on holding Bitcoin for long because i do experience it even upto now that i do need to convert those coins into fiat because this is part for me to be able to survive on day to day living.

I do have an income from my day job but since i do have my own family and having this worsening economical conditions then additional expenses would really be there on which my paycheck
doesnt really fit out on the expense that you could really be having and this is why it would really be leaving no choice but for you to make out adjustments accordingly
even if it means that you would really be needing to sell those coins even if you do plan on holding it for long term.

I don't know where you're from, but $3000 per month doesn't sound little to me. I don't know if you manage to buy a whole Bitcoin, with its current value at $40.000, but with enough planning and budgeting, you may be able to acquire a decent amount. How much can you spare per month for investments? By saving $500 per month and using that towards Bitcoin, you'll spend $6.000 per year for Bitcoin, which is quite decent.

I'm only saving any signature campaign earnings; I'm not buying myself approximately $300, while the average wage here ranges from $800 to $1000 at most, which means that the chances of me acquiring a whole bitcoin are pretty slim.

The economic situation is some countries is very severe, investors who intend to keep bitcoins for a long tim will find it difficult to hold. It can be a very disturbing situation, and a heartache to investors like you in these kind of places. The best thing to do if you passing through this similar conditions, the best way to remedy your situation is to seek for extra sources of income, so you can have more to sort out your budget.

This kind of earning in my place can enable a person to live in luxury. 


The problem probably is that you do not cut your expenses. Try to be thrifty sometimes and save money.  With the amount you are earning, I think you are capable enough to hodl Bitcoin but probably you don't want to sacrifice some leisure in order for you to have the needed fund to sustain your life without selling your BTC.


1000% is small compared if one is able to hodl Bitcoin for many cycles.

The key here is proper allocation of your money. No one's too broke, we just expect too much from ourselves. There are potential investors who are avoidant because the market price of Bitcoin is so high right now. But the catch here is that nothing requires us to own 1 Bitcoin in an instant. We are free to do partial investments of it little by little, just an amount you won't need in times of emergency. Problem is that we are giving or putting everything to it which makes our pockets 'thinner' than the usual. The difference of only investing an amount you can really afford (afford means you can just let something for years without worrying about it), than forcing things out. First and foremost we have circumstances to deal with. Many investors are pushed to edge of selling early because of situational issues on their end and circumstances along the way while holding. This is where investors are suffering from loss which we should avoid in the first place as much as possible.
Not only just a source of income but something stable and consistent for you to have enough 'margin' to engage with investments and to eventually develop additional income. Struggles will always be a part of each of our journeys especially if it is something rewarding. No other choice but to move forward and adapt with those struggling times to earn reward after things ease down.

If you have to ask yourself this, then owning bitcoin is probably not right for you.  I've spoken about this quite a few times on here, but it's important to remember that bitcoin is inherently NOT and investment.  Sure it's become one, but it's important to understand that point.

I would focus your investing on less risky/volatile investments.  That would seem to be more prudent for you and your situation.

I am comfortably holding and you're earning more than what I am earning.

I think it's all about your management and the expenses that you're having. If there are some not mandatory expenses that you have on your spendings, what you have to do is to try to lessen or remove them.

You're not broke but it is that you've got obligations and with that, another solution is to increase your source of income and that's for sure going to help.

Unfortunately, we can't all be rich. If all people had the knowledge to buy something valuable and dedication to hold it for many years, despite all the ups and downs, all of them would enjoy life and just live happily ever after with the money they made. It's like a race, but most people in the world lack some of the important traits and can't make it to the finish line. Your story suggests that you're one of those people who did not make it. It's not the end though, it's not over for bitcoin and you still have a chance to turn the tides, but it's up to you what you'll do with that knowledge.


I do. I'm not sure how much up I am, but I was at 1000% long ago.

Exactly. If you are only putting in purely extra money (like long term savings / retirement money) into Bitcoin then you won't be in this situation where you always end up having to sell bitcoin to pay for something.

Figure out your budget, cover spending as well as short term savings to build up an emergency fund, and see if you can have even just like $50-$100 per month extra that can go toward long term savings - this is what you should be putting into Bitcoin in order to hold long term so that you can realize that 10x or 20x gain over the next decade or so.

Op there's always time to invest as there is no late time to invest in Bitcoin but for you to enjoy the profit you need based on your current financial conditions right now, holding for a long time would be the better option for me but before you can achieve that you must have a job that keeps your income coming or a business that's bringing steady income for you otherwise you won't have the patience to keep holding for a long time. If you are able to settle have a job that brings income to you, you can choose DCA it will help to keep you away from loss of the price of Bitcoin rises or falls.

The problem here isn't to be unable to hold Bitocoin. The issue is that you have too much debt in your life, what forces you to get rid of your Bitcoin holdings to pay for it. You have to manage your finances and organize yourself in a way you decrease your monthly expenses, so you will be able to start holding Bitcoin tracing long term goals for your coins.

Your wage isn't that bad. 3000$ monthly would be the heaven for many people in the world. It would be the final solution for many of our problems and the possibility of achieving many of our dreams, but for you it's not enough... Then I guess even if you had a higher income, it wouldn't be enough, anyway, because the problem in your case is how you (don't) organize your expenses and not the flux of money coming in.

I don't want to be nosy, but since you are sharing your story on this forum, I feel like I have right of doing so. You have to talk to your wife and make her understand you need her help in the task of decreasing debt, spending less money and saving some portion of monthly income for investment reasons. Make her understand you are doing it for your family, and not only for yourself. It will be a positive and impacting measure for both of you. While you don't do this, I fear it won't be possible for you to invest in BTC, so have this talk and make a decision for your life as soon as possible.

Yes, the majority of my Bitcoin is >1200% gain and I don't consider that much appreciation at all. Five digit prices for Bitcoin is nothing. Once it gets to mid-six digit prices next decade that'll be pretty decent (10,000% to 20,000% gain for me). But 7 digit prices is when Bitcoin will finally be reaching maturity and I'd consider that a good amount of wealth growth, of course that sort of price is probably 20 years away.

In the meantime I'll be using some of my Bitcoin as needed, but definitely expect to have plenty left to spend as needed once Bitcoin is in the millions and I can use it for say a new car for like 0.05 BTC, or buy a nice house for less than 1 BTC, that sort of thing.



300% gain for Bitcoin is pretty short term gains. That isn't even a market cycle worth of gains. 1000% at this point would at least mean you've held for more than one full market cycle so that's like the start of a long term investment.

It cannot be denied that we really need courage, strength and patience to hold Bitcoin. Because no matter what, there will continue to be various problems, issues, FUD, uptrends and so on which can interfere with our desire to hold. What is certain is that we are obliged to manage our finances well, namely by investing according to our abilities, don't force it. and make sure that we really can and are able to hold it well. whatever the condition, without panic under any circumstances. stay calm and patient.

No, it highly depends on from where he comes from. $3000 a month might be much in average countries, but in industrial developed countries like in USA, Canada or in some European countries it is just enough to pay your rent, feed your kids and pay your bills. However, you have no free money to invest in and save for economical difficult times. So, he might be right with his statement.

Do you earn $3000/month? If that's the case then your income is actually more than enough and even if it's per year I think it's still very large because if we talk about comparisons with salaries in my country which are still in the average range of $200-$300 it's actually almost the same.
Especially if it's $3000 per month then I really don't understand what kind of needs you have until that much money is not enough to fulfill your needs for one month.

Investing in bitcoin is not a demand and do it while you can but when you often buy and sell bitcoin that you have it is not an investment but I might classify it as trading.
As for when you sell the bitcoin that you have actually it is also not wrong if indeed you have made a profit from there regardless of the need or not as long as it is profitable and you think selling is the best choice then why not because again this is about your own choice.

Such amount is already high considering the regular monthly salary of an employee.
He can very well afford to buy some btc every month if he truly believes in this market.
But if he has high-end lifestyle, of course, such amount is not more than enough.
But having that monthly amount of income, I would spare some money to investments and not just luxury items.

True, $3000 a month will be too much. In fact, with that kind of money, he can save a lot or allocate a huge amount of his salary for buying bitcoin or doing DCA. But the thing is, this statement is not clear. The OP didn't elaborate if this is his monthly salary or not, but if it is his monthly salary, then I don't see a reason for him not to own a bitcoin or allocate an amount for doing DCA of satoshi until he can accumulate satoshis that eventually will become bitcoin. If it's true and yet he can't still own a bitcoin or he ends up selling his holdings, then maybe because of their lifestyle, that's why he often needed to sell his assets based on his statement. If that's the case, then the problem is in him. Anyway, I would like to hear from OP if that salary is monthly or not, because if it is monthly, then I don't see a reason for him to not own a bitcoin right now.

Your case is the reality of most bitcoin enthusiast living in a country with very low minimum wage. It is always a dilemma and as someone put it the Bitcoin that you save will later end up saving you in times of hardship.

To be an effective bitcoin holder you would need to have another source of income. Speak to your wife if both of you are willing to take up other jobs so that you can comfortably HODL and do it with peace of mind without undue pressure.

Prejudice from your own understanding makes you doubt your own abilities. I don't think there are any limits in life, you don't have to force yourself to approach something you eligible yet. Do you have a job that brings you income, and are you willing to spend 5 -10% of your spending to buy bitcoin every month, and accumulate it for 5 or even 10 years... and learn again "what is investing?" The term can be easily searched, but when asked, not many people can understand its basic content, and many people like to play a game without understanding what it is about. This time, how you understand bitcoin will reflect your goals and how you seek opportunities with it.

If you hear about ways to own bitcoin without spending money to buy it, that is an opportunity that you can research for yourself and it is certainly not easy if you are not ready. And one thing I realized in life is that before you want to eat a sweet fruit, think about how to grow it.

Over the years I've heard from so many people that they, "can't afford to invest."  The honest to god truth is that nobody can afford not to invest.  The way that inflation and costs are stacked against people, the only hope for any financial freedom is to invest.  It isn't even difficult.  Bitcoin is the birth of a new asset class that's already being widely accepted.  Start dollar cost averaging small amounts and holding them.  Also make sure you have a retirement account through your work or that you are putting money into the S&P500.  Over time, these two things are really all you need to do in order to see some financial success.

I think you have gotten good advice from a few members already. You have a very good salary that I believe should foot all your bills, or are you taking care of a whole community or your entire family? that you can't hold bitcoin even with the slightest amount. Brother, you need to learn money management because if you don't know this key to success, you will probably be working from hand to mouth every time.

There are unnecessary bills that come in as a man that need to be ignored. Yes,  I'm still a kid, but I know that. You can't respond to every need, so you can split your pay differently to use a small portion for Bitcoin holding. Out of $3000, you can just use at least $30 for DCA, and if you can't still hold as little as that in your DCA, then I will suggest you just take your hardware wallets far from you so you can get them when you wish to sell and take your money. I think this will help a little, but you really need to learn money management, buddy!

For the purpose of clarity, you should have mentioned your country of residence because the amount of income that you mentioned, in some conditions, is way more than enough for you to comfortably hold Bitcoin for a whole market cycle,  and unless you are buying Bitcoin on a lipsum instead of in low affordable percentages.
If you can clarify two things e.g. the country on residents,  and the $3000 income on what basis is it every month or weekly/annual basis, these are things that will give our discussions alot of directions.

Hodling is never a smooth pattern. There are tons of challenges that you will face from market crash and correction, and from selling your coins at a low price the moment you badly needed some funds, and that's normal for a hodler like us. No one ever hold without getting tempted to sell. But with self-control and discipline, you will survive all of the challenges since you have a goal to reach, a target selling price that you have set up from the very beginning of hodling.

While hodling is not limited to anyone, but if you want to be a successful hodler, you should stabilize your source of income first so that you won't end up selling every now and then. Having a stable income aside from long term hodling is essential, that way your focus is on your goal, since you're not distracted thinking if there are funds available for you to spend for your personal needs.

I hear you, bud.  Making ends meet on $3k a month aint easy.  ;D But hey, no shame if you cannot spare more than a few hundred bucks here and there for Bitcoin.  

However, I still think Bitcoin could pay off big time down the road.  So even tossing a tiny bit at it whenever you can might work out.  They call it dollar cost averaging (DCSing).  Instead of trying to time the dips and peaks and all that noise, you just put in the same small amount on the regular.  Over time it averages out your buy-in price.  Reduces the risk too.

But to answer your question, yes I do HODL comfortably. Mainly because I only invest the amount I can live without. If you think you will need that money for some basic needs in a few months or sooner, then dont invest. No one claims that investing is for everyone.

Broke is a state of mind as they say cause if there's a will, there's a way. Now unless you're in abject poverty where all of your money gets spent on nothing but your basic needs for living, I don't think you wouldn't be able to afford investing on bitcoin. A lot of newbies think that in order for them to profit in the crypto world they must own one or more whole coins of a certain project, that simply isn't the case my friend. There are a lot of ways for you to be able to still have  stake in the coin of your choosing without having to spend so much money in one go. DCA (Dollar-Cost Averaging) being a prime example of that. You consistently put in a specific amount you can afford into an investment venture you chose, which in this case is bitcoin, and watch as your money accumulates along with the potential profits you may harbor throughout that period. I think it's something you should look into since you're not that confident about being able to buy bitcoin in one go.

First off, learn how to budget, in reality since you're earning more 1000 bucks you pretty much have it better than 80% of people in the planet right now. Learn how to budget and see which expenses could be dropped off and which couldn't. I say cut off that Netflix subscription and watch pirated films instead lol.

You're not rich enough to buy or hold bitcoin? Well you're not broke enough to not be able to accumulate it either. Make your choice my friend.

Who told you that only rich people are the ones who own bitcoin. Bitcoins were not created exclusively for.the rich, but for everyone from all works of life. You can buy any amount of bitcoins, an amount within your financial capacity.

You don't need to have lots of money before buying bitcoins, buy with what you can spare, and then work to get more and increase you income streams.

Thinking you are too broke to invest will be regretted later when you hear of people.who even invested less in bitcoins from more worse situations and were still able to have a positive outcome.

I think the main reason why you can’t hold is because you don’t really have a good job yet, or maybe I will say you are not satisfied with what you are having. If you are planning to hold bitcoin, then the first thing you should do is get a job. If you don’t have other sources of income, then you will find it difficult to hold bitcoin because you will end up selling it when you are in need of money. I am sure a similar thing is happening to you.
 
So just get a good job that pays a decent amount of money, and then you will be able to plan yourself and have a specific amount you will be using to invest. If you can do that, then you should be able to hold. Make sure you have emergency funds that you will always make use of without touching your bitcoin investments. In case there is an emergency, you won’t be selling bitcoin before you solve the problem.

I don’t really get this part. Are you receiving $3,000 daily, weekly, monthly, or annually? If you are receiving $3,000 monthly, then that’s a decent amount of money. I don’t know the part of the world where you are, but in any part of the world, receiving that amount of money is not really a small amount, and I am sure you should be able to save after taking care of the necessary things that you are supposed to take care of. If you are receiving $3,000 monthly and you claim you can’t invest in bitcoin, then you should just know that you are not ready to invest.

It depends, in California for example, it's a rubbish wage.

There are things he doesn't explain, he talks about his wife's mortgage and we don't know if they are together and the wife also works or if they are separated and by some kind of agreement he has to pay the mortgage.

But I'm sure there is room for improvement. What he has to do is to control income and expenses and cut unnecessary expenses, which I'm sure he can do. Then get rid of consumer debt and save an emergency fund. If he does that, he can then invest in bitcoin without being forced to sell at the drop of a hat.

Only you can control your future, you can either stay within your employment bubble and not look for any other opportunity, or, you can look outside of the box...there is always a chance to make a little more on the side, or create and continually reinvest in a business that could eventually bring a passive income. Bitcoin is not going anywhere either...after this cycle, there will be another. Why? The fed and other central banks around the world will always create more and more money...what other choice do they have? So with this in mind, you have two choices:
- Slowly accumulate bitcoin within your means, to protect yourself from the growing money supply to to take advantage of its scarcity - Take advantage of the obvious cycles that take place in BTC (1-2 year bull 1-2 year bear)
- Stay in cash, watch as your expenses grow and your wage doesn't grow at the same rate, stay in the struggle, and live a mundane life for the machine.

Sounds dark, though that is how it is for those who don't have the courage to put one toe out of their comfort/security bubble, or start investing before they're within the actual means to do so.

Earn first, then invest.

If you want to chat more about how to put a toe out of the box, contact me. We'll find your interest and I can tell you some ideas to look into. You can also use AI, that's a very good companion to talk about these kinds of things and find your interests that could potentially make money, if you ask the right things and go into depth with it (otherwise you'll get generic answers that will make you think AI is invaluable).

It is really not recommendable for you to keep buying and selling your bitcoin because just imagine the growth of bitcoin you have bought earlier if you just held it if you really have no extra money to invest in bitcoin then just do not buy yet or better yet just buy a few amounts of bitcoin the amount that you can comfortably hold and not take again

If you really want to gain profit in short term then it is just better to do trading which is much more advisable to do with altcoins rather than with bitcoin

Maybe you are rushing into investment, ask yourself first whether you are already able to fulfill your basic needs with your current income, if not, then are rushing into investment, you need to get better job with better salary, probably you will need to learn new skill or get better on your current job. When you get better salary and more income, don't climb the lifestyle ladder, stay humble, only then you can start invest, if you still have difficulty fulfilling your basic needs, your needs will force you to sell out your investment.

I will like to know your country because earning $3000+ is a lot of money, there is no excuse as an investor in Bitcoin, if you can't hold then you choose not to hold, what I have learned the hardest way is that if you have a job it will be easier to hold Bitcoin for the long term, some people also don't understand how the market cycle works, they are confused about when to buy and hold and also when to start taking some profits, DYOR.

I don't recommend you buying some Bitcoin today and selling the same Bitcoin weeks later because of surviving or bills to pay, if what you are earning from your job isn't enough you need to lower your spending to be able to accumulate some Bitcoin, or you can find ways to make extra income for Bitcoin accumulation only, I know you will need a lot of money but having some Bitcoin in few years in the future will be the best decision you've ever made.  

Earning around $3000 is already huge and it would be impossible for that amount to not have any spare money to invest, you can even take $100 every payroll for you to have funds for investment. To be honest here in my country in PH, with that amount you can already live for many months especially living alone. My technique is that whenever you are gonna invest, never think of it, and also save another spare money for emergency purposes so you won't need to sell your holdings anymore. It might be hard but you need to adjust for your future. Just do the DCA method and timing whenever what time is the best to buy Bitcoin to take advantage of the market and you will profit much more.

Well, I will say it’s not for those who can’t hodl because if you can’t hodl then you will likely sell in a bear market and you’ll be at loss. But u think maybe you are investing more than you can afford to and then you have to take the money back. Don’t go investing a large amount hoping for an increase in a short time. Instead, out of your $3000, you can invest 5% which should be $150. Or you can invest less. It’s not just the amount you invest that matters but even the consistency. Someone who invests $50 monthly and is consistent is better than someone who invests $500 but takes out the money too soon.

I don't really know the country you are in, but to be honest, $3000 per month is not a small amount of money, but may be you are taking care of a large family, which is why it is not always enough for your needs, and that is why you should always sell your Bitcoin anytime you are holding it. If that is the case, I don't think I have anything to say again, but just to get different sources of income that will make you earn more than the amount you are earning per month currently if you really want to invest and hold Bitcoin for a long period of time.
 
Or maybe the reason why you are always selling your Bitcoin is that you always invest even the money you want to in the short term because if you were to be using like $2500 for your monthly needs and investing like $500, but because of your greed that you want to make more profits, you are now investing like $1500 every month and want to be managing $1500 when you know it can't meet your needs. If you want to enjoy holding Bitcoin, don't always invest the money you may like to use at the nearest time.

I completely understand. Strategic preparation and patience are needed to own Bitcoin. Not always easy, but I HODL. Balance between saving and investing is vital, I've learned. Its about working for a long-term goal without overextending yourself.

Set aside a little, affordable amount consistently for Bitcoin as a long-term investment rather than a quick way to riches. You may join the Bitcoin journey without jeopardizing your finances. Little, persistent investments can increase over time.

Bitcoin might be a side project in your financial plan. Investment diversification is essential. Not putting all your eggs in one basket helps you invest wisely. Long-term dedication and financial health are key. Keep working toward financial independence, and use Bitcoin as a tool.

Bitcoin should never be a source of financial difficulties or cause you other problems. If you can afford to buy and hold some until the price increases, do it. But don't trouble yourself and put you and your family into financial insecurity because you want to possess Bitcoin at all costs. If you can, find a way to earn Bitcoin as a salary or part of your salary. Do some freelancing for Bitcoin if you have time.

It's not a good idea to use money that we can use in the nearest future for investments because when a problem arises, we will definitely sell whatever we are holding. If you buy bitcoin before, then bitcoin is meant for you. For instance, if you earn $3000 a month, you don't need to invest your all earning at the same time, you can invest half of it and use the other half for something else. Don't spend your entire monthly earnings on bitcoin, in my opinion, that is the best thing you can do before you know you will hold it for a year.

Since our plans different when it comes to purchasing bitcoin, i believe majority of people that are holding bitcoin cannot even earn as much as you can, but they can hold onto it for years. I don't know how money is value in your country, but if someone makes more than $3000, in my country we can't say the person is poor to hold bitcoin because they will still manage and hold bitcoin despite any difficulties. Owning bitcoin doesn't require you to start with a large amount of money, you may start with anything you can afford.  If you manage your money carefully and make a good strategy, you will eventually make a profit.

How about you think a little and put some things in order in your head and stop thread spamming? First you claim that Bitcoin will help you to be financially free in 2 years, and now you admit that you don't own Bitcoin at all? The problem is that you don't have a strategy at all, because otherwise you would already have a solid stock of BTC that you could keep for the long term.

It is quite logical that you sell BTC or use it as a currency, but is it such a big problem that you take 10% of every job you get paid for and invest in Bitcoin? Therefore, I would not say that your problem is that you are too broke, but that you simply do not know how to deal effectively with what you have.

You should rather read with understanding and stop jumping into conclusions because you've already made up your mind on what you want to type. There was nowhere I specified that it was Bitcoin that would help me gain financial freedom in 2 years.

If you got $3,000 a month that is huge mate compared to my monthly income of just $150 all in all. But with $150 I still managed to have $100 worth of Bitcoin monthly though it was from a signature campaign, I was just  confused but yeah maybe you also got some liabilities. I believe we can achieve financial freedom with Bitcoin as long as we keep on buying or hodling we just need to be patient.

The individual can pay for their needs if the need is met. There won't be an issue because everyone wants to invest in bitcoin and some people are unable to pay their bills or even make ends meet. I am aware that if I have money or a job, I have learned from others that having other enterprises or a job is necessary to enjoy being an investor. Additionally, there are many talents that are currently in high demand, but the reality is that not everyone will invest in bitcoin. If this is the case, your best option is to hunt for alternative sources of income. All that people desire is fast money.

Yes, maintaining humility is one of the best traits to have when looking for money. After all, everyone can use money for investments or for luxury. But before someone can enjoy themselves, work hard and make money.

I can say its fine as long as their are earnings comes in your wallet then this is good so don't get pressured about those holdings since once you gain a lot of experience for sure there will be a lot of clients will hire your service and from that you might have enough money to spend to buy bitcoin for HODL. So don't focus on negative things and much better if you put some attention on how you can enhance your skills and get better salary once you became a quality worker.



You mean you are earning below $3000 a month? or year since if you are talking about for months then this is huge since not everyone is capable to earn that amount monthly and for sure there's a lot of things can be done with that amount since you can buy some small fraction of bitcoin for extra money you have. BTC holding might not for everyone but you can do something so that you can expand your knowledge then next to that is your earnings and for sure maybe in future you can afford to hold because you are earning well with those extra curricular activities done here or maybe even outside of this platform.




Yes I'm comfortable with it and I may not have capabilities to buy a whole but trying to accumulate some volume so whatever percentage intended for doing this is already fine. Just keep dreaming everything is possible.

Maybe then you should write about your business illusions somewhere else, not on the Bitcointalk forum? Have you noticed that your topics are disappearing or being locked? The forum is sending you a message, and if you continue in the same direction, you will surely have much more time for your odd jobs ;)

Holding bitcoin is for everyone but it depends on how capable they are of holding it. Most people want to hold bitcoin until the bull run but in reality, not many can afford to keep holding it. They panic too much when holding it and when there is negative news, they rush to sell it because they fear the price will decrease further even though it's not like that. The price did decrease but it was only temporary and gave them the opportunity to buy more. That's what they don't understand.

With that income, you can start investing in bitcoin by buying little by little and regularly so you can collect bitcoin before the bull run comes. That will give you the opportunity to sell the bitcoin at the latest ATH price later. Many people have felt the benefits of bitcoin so they still want to continue investing in bitcoin.

If you are selling your coins for genuine reasons then you are doing good. If you are investing in bitcoin and still paying all the bills then you are doing good.
But if you are spending lavishly or have a luxurious lifestyle and still complaining about not being able to HODL bitcoin then you are doing something wrong.
If you are earning $3000 from your job then you must learn money management to track your money spend it wisely.

Now it just depends on the actual belief because seeing from what the OP is talking about he doesn't even hesitate to sell even though bitcoin is correcting and the price is detrimental to him to sell so there are a few things I can take in this case.
First, the op does not really understand what is meant by investment because he only tries his luck and sells when prices are bullish but because of his lack of knowledge and several other conditions, he also feels very panicked and does not hesitate to sell when he is in a loss in the hope of buying at a lower price.

If it's like this continues to be done then I think what's the point of being in bitcoin if you don't really understand how it works because it's like gambling that uses instinct alone without any knowledge in it.
Although there are other considerations because it could be that he lives in a big city in a developed country that does require high finances for living expenses but actually $3000 is a large amount and it depends on the lifestyle as well even though living in a big city in a developed country if in the end we can manage finances well then that amount will not burden him for one month.

Alright, buddy, take a chill pill. We are just having a discussion here, nobody is attacking you.

If you want people to understand you better, maybe you should try explaining yourself more clearly. "OddJobsForBitcoin" is your username, right? So what were you talking about if not Bitcoin? Be specific.

To get returns from bitcoin - you don't have to be a holder. You can exploit price volatility to gain profits - but holders believe that bitcoin can give them more returns if they hold it longer.

Yes - especially if you have nothing in your budget other than bitcoin. You should have reserve funds that can help you in times of need - that means you have more options when you need money besides just having bitcoin.

300% is a good return to ignore - I don't have it yet, maybe the time will come to get that much return. As of now I still feel comfortable being a holder - the volatility doesn't affect me, it's just an important part of this very free market.

Alright buddy, no hard feelings. Slightly pissed with their presumption that it's Bitcoin I'm depending on to reduce financial stress though I made it clear I barely HODL. My Odd job business is just a side job to help keep the pressure down. My main business has got nothing to do with Bitcoin. That's what I hope to retire on ;)

It would be wise that you should really be that only investing on the amount on which you can afford to lose and never ever consider on making use of money which is really that intended for those important reasons.
In this case, if ever shit happens then you wouldnt really be able to pull those investment since you do already have that allocated funds for that one. Yes, not all would really be having that the same situation when it comes to their earning on which we do have different jobs with different paychecks plus having that different expenses on which means that financial capacity when it comes to Bitcoin investment would really differ.
Just dont make yourself having those discouragement just because you cant be able to store up huge amount of coins.

Do it on a gradual phase and in moderation, try out to save as much as you could without having that desperation in mind. You should really be that wary about the risks
about Bitcoin investment too. If  you do tend to hold for long then try out to have that good financial management on everything at least.

You have a big dream that will take you years to achieve. Depending on Bitcoin investment is good but you need another way of making money in order to able to hold Bitcoin for long.


Holding bitcoin is not for everyone, it is a discipline that one needs to have because some people cannot even save their own money which is very risk and un controlled use of money.
If you want to hold bitcoin, you need a strategic plan like DCA, so that you can be saving some percentage of your income so that you will keep accumulating their Bitcoin.
 

This is simple question that also needs a simple answer. Yes Bitcoin hodling is not for everyone because many people attached their livelihood to the investment of Bitcoin and once you attached it like that then you can't hodle Bitcoin again then another thing that would not make someone to hodle Bitcoin is if you are not doing something to backup your investment then there is no way you can hodle Bitcoin because you be using the ones you invested in to settle some bills and personal expenses.

You can only hodle Bitcoin if you doing something which will not allow you to touch your Bitcoin again. I have said this in the my local board and other general boards. The best way to hodle Bitcoin is to invest in another which would bring food to the table always then your investment is 100% save to be sure. But if not then the opposite is the case.

Not everyone knows how they are supposed to invest in bitcoin or what things are supposed to be taken into consideration before investing in bitcoin. I know in most places people are always talking about bitcoin, and everyone will just want to invest in bitcoin without even knowing what bitcoin is all about. If you are receiving a salary and the amount you are receiving won’t be enough to take care of yourself, then you shouldn’t force yourself to invest in bitcoin. If you do that, then you are still going to sell back your bitcoin, and we all know bitcoin is volatile, it might have dumped and you will be selling it at a loss.

After getting a better job, make sure you have some savings outside cryptocurrency before you plan to invest in bitcoin. If you are investing without having extra funds as your savings. In case you need money and you don’t have any money with you, then you will end up selling your bitcoin, but if there is money outside cryptocurrency, you will be able to make use of that without even thinking about selling your bitcoin.

borovichok you may have to edit and correct typographical error in you statement you wrote bitcoin talk instead bitcoin which is what you meant from your statement, back to our discussion, Bitcoin is a developmental part of, and when an individual understands the steps in owning and maintaining Bitcoin.

Most time, the majority of those who have bad experiences with Bitcoin or the cryptocurrency industry are all driven by their greed which makes them to easily get pressured into investing in fake and scam projects and calling it Bitcoin investment,  whereas there are just Ponzi and nothing close to the true aim and practice of Bitcoin

I do DCA with my freelance money, even though it's not much and as the time goes on you get less Bitcoin if the price is up. But I don't really care that much because my point is to make consistent investment for the future. 300% is already much although 1000% for Bitcoin is still possible if you see the Bitcoin's performance in past decade. The only problem is your patience, but for me I can do it for now.

Probably right, I mean 1 Bitcoin was actually so expensive that minimum wage people cannot really afford something like that, even me was having a lot of difficulty to earn 1 Bitcoin I have a pretty decent job was the salary was just average just enough for me to pay my bills and buy most of the things that i wanted, but buying Bitcoin was probably going to be difficult probably if I'm going to accumulate it, that would take me years and years just to earn 1 Bitcoin.

I would say that holding Bitcoin isn't for everyone right but it wasn't because you broke because at any amount you could still invest in Bitcoin and at the same time we have DCA where you could slowly accumulate Bitcoin, I've been doing DCA and I would say that I accumulate a fair amount of Bitcoin. Still, the thing is you are making a profit even though you didn't earn 1 Bitcoin or something like that, profit is still there if you are going to hold your Bitcoin, unless you have other sources of income like a business and other passive income you're not really going to accumulate 1 Bitcoin with just one job it seems to be impossible unless you have a very high salary.

It has been long that I have known about bitcoin and how it is trade, even if I don't have much knowledge about it I know that if I've had even one I will learn and trade but unfortunately for me I can't afford it due to financial status
I have dreamwd of getting money and have big investment on bitcoin, I will rather have ininveat in bitcoin than to have money in my account because it's good and comes a lot of  chance getting profitted if I have good lesson on trading which won't be hard if I could have
Moreover my dreams never die, I pray have hope I have one day so that I can trading and own a lot of profit on future which i loudly say ameeen to.

One is poor only if they choose to be. The decision to HODL for a long time is solely in your hands. It's left for you to know if to buy in little fraction and DCA just as Michael Saylor is doing to Microstrategy. No body is going to take off this instability in holding your coin for a long time, it is only you, and yourself that is meant to emancipate yourself from such dismay. If your main intentions investing in btc is for financial independence, I'll say you clear such ideology from your head and see btc as it is; with its unpredictable, uncertain, volatile and decentralized nature aspect of it. BTC isn't a Ponzi scheme bro. You got all it take to emancipate yourself to financial independence. A $100 or $200 is going to play a vital role in this journey if you DCA.

It sounds like you've got a realistic take on your situation, and that's super important in the crypto game. Holding (or HODLing) Bitcoin long-term isn't a one-size-fits-all strategy. It really depends on your personal financial situation and risk tolerance.

With responsibilities like a mortgage and a family to support, it makes total sense that you'd need to cash out sometimes, whether the market's up or down. Life's expenses don't wait for Bitcoin's price to rise, right?

And no, you're definitely not "too broke" for Bitcoin. It's just that Bitcoin investment, like any investment, needs to fit into your broader financial plan. For some, it's a small part of their portfolio, and for others, it's a long-term bet. It's all about what works for you.

If 300% or 1000% gains are your dream, remember, dreams take time. And it's okay if Bitcoin's only a small part of that dream. Your financial independence is a journey, and you're navigating it with the resources you have. Keep focusing on that steady income, managing expenses, and maybe a bit of Bitcoin when you can afford it. Who knows? Maybe one day, you'll hit that dream without even realizing it.

With proper planning and a source of income, no matter how little it pays, someone can always buy BTC or invest using the DCA strategy which demands only bits of Satoshis monthly or weekly depending on how carefully one has made his plans and has tailored their life with discipline.
Everyone most times may be too broke to embark on a project until being broke is the main motivation that drives them to attain wealth by Force.
If you plan towards buying BTC and work to get a new job so as to increase how much you earn, within a couple of months, you should be able to own some Sats that would be accumulated overtime.

the situation is indeed not so good for you. where you try to set aside part of your salary for Bitcoin investment but your expenses are not covered by your income. So that's what will force anyone to sell their Bitcoin.
Bitcoin is not only for those who are financially strong. But it would be better to think about long-term investments when your finances are really strong.
Whatever your condition, I hope you will be better in the future. Of course, with Bitcoin, you have to collect it gradually again.

If only they first studied how others became successful in their investment with bitcoins, not just making some sudden decisions where they use their retirement money just to buy bitcoins and hope it will go well quickly. No, it's not like that and it has never been that way for many of us because investment means for long term and when we say long term, we need to have enough money to cover our expenses on our daily essentials and whatever is left after that, we can consider buying bitcoins with it or like what others have been doing, they left their bad habits and converts that money to buy cigarettes and alcohols to buying bitcoins every time they get their salaries and their stories are successful so far.

$3000 per year or month you get paid from your job?  Anyway if you can invest a big amount in bitcoin and hold for a long term then you will get profit from here it is sure but don't know if you will get a huge profit like 1000% but maybe like 300% Bitcoin price has increased thousands of times from its starting price but since Bitcoin price has already crossed $45k so for it to be 1000% Bitcoin price has to be $450k possible but how many years it will take is impossible to say.

Sorry about that, but I think you and your wife need to step up your hurtling, it is until you are free financially and have extra for investments like this that you should relax.

As it is, I quite understand, and the more you want to invest, the more you will be forced to liquidate the investment. Some would even be liquidated in losses and so on like that. But do not be discouraged, Bitcoin investment is for you, just start very small, I mean with the money you will not have to think about when you inject it. Continue to save like that and before you know it, it will grow. However, with this style, you should be determined that any money you inject into the market will never be collected in long years, which is why you should not let the money be burdensome, but save only the excess there and take your mind off it as though it is not your money. And yes, if you can make x10 of your money, it is a dream come true. But I must tell you that Bitcoin will not do that for you so easily, that time of such a huge gain has passed.

I would advice you to forget about and leave the trading aspect of bitcoin and crypto alone for now. Most people have a completely distorted opinion on how to trade crypto. They think all they have to do is press a few buttons on a crypto exchange and within weeks or months you make a lot of money on those trades. Many traders lose and lose big because of a lack of understanding. Beginners would be better off if they just bought bitcoin and held it in their wallets instead of trying to swap and trade it around, expecting greater returns.

If you are really serious about becoming a trader, you can start educating yourself even without having money to spend. Learn the theory, and then apply it in trading simulations with fun money. 

You have been earning a pretty decent amount to ask this here , if you cannot afford  owning bitcoin in that 3000 dollars income monthly what more like us who only earn  600-1000 dollars monthly ? maybe better to check your expenses and evaluate what can be adjusted if you truly wanted to invest and have bitcoin , you can even afford buying 1 whole bitcoin in couple of months time while it took us even more than a year having 1.

Buy and Hold is the simplest and easiest way to invest in crypto.
However, Hodl is just one strategy to maximize profits. There are many more ways to maximize profits to achieve financial freedom.
Before deciding to invest, it would be better if an investor must determine his investment goals, whether for the short term or long term.
After setting the goals, we choose what strategy is most appropriate to achieve these goals.
So, Bitcoin is just an investment asset. Building a mindset to become a successful investor is more important.

My good man, you are broke because you do not hodl the Bitcoin that you can afford. If you cannot afford to buy any Bitcoin, that is understandable. Payments must be made, there is no other choice. But I think anyone can save up a few dollars to grow their BTC bags.

Sorry but it seems to me that your fiat mindset is dragging you down as you have been exposed to that unjust and corrupt system of money for so long that you now cannot imagine your financial life in any other way. In fact, if you were to trade any expendable fiat in for Bitcoin, you would probably panic sell during every major volatile price event. Flip flopping back and forth on your investment will definitely make you even poorer as you lose Bitcoin in bad trades and through trading fees (they add up to quite the large amount over time).

You need to sort yourself out before you think about Bitcoin. Your current mindset is not helping you. :-\

Your earning is still capable of having an investment but of course we have different state of living if you have an extra money and would like to earn atleast and take risk make an investment than waiting for the banks having your profit to the locked money with just annual per year percentage, than making a large profit with the market volatile of the crypto. It depends on you how much you risk and how long you hold this must be added or a must to your plan before making an investment, if you are going for a long term or short term. Another thing when it comes in investment with crypto not as always that this becomes peoples safe haven not as always people getting profit here.
Investment where you think you are comfortable.

I understand the struggle of hodling. While $3k would be an unimaginably high level of income in my country, I suppose it can be barely enough if a person has a big debt somewhere in the US, so big chunks go to paying off mortgage, student debt, etc. I think that if you feel like you don't have enough to invest, it's totally fine. Just hodl what you can, when you can, and when it doesn't hurt you and your family. That's how it should be, and it's reasonable not to risk it when you're on a tight budget. I try to treat BTC as savings, so I don't spend BTC when I can, but sell some when I have to.

I'm not sure where you are living, but this is already a huge income for us, but you might be living in a first-world country where living expenses are too high and as you stated you've been paying something. Even though your salary is huge if you do not cut your expenses it is still the same that you do not have money for savings or investing. I will answer you straight away, you are not too broke to afford Bitcoin, you just need money to pay debts and there are still people in the same situation as you but take into consideration that even others have smaller incomes than yours but still manage to own Bitcoin.

sorry for that and since you cannot keep holding then you will never have what you desire in Bitcoin mate, better  work on it or accept this forever.

I am Holding mate and will keep holding till i reached my desired multiplier , but not 300% instead i am enough with at least x2 or 100% of my total capital .

yeah 1000% is a greedy dream mate.

Your definition on broke matters and I don't think you're too broke to own Bitcoin, I'm trying to understand something from  your topic, the money you earn monthly can't afford your family needs or you find yourself spending unnecessary. Even if your current salary is not enough that doesn't mean you're too broke to invest, when it comes to bitcoin investment it has a lot of strategy except you just don't want to invest.
If you feel your salary is too low for investing, a lot of low salary earners still invest in bitcoin and that's just the best idea, I will even advice low salary earners to take bitcoin investment serious cause it serves as a valuable investment, if you keep facing the same problem each time you want to hold then you should start making budget every month after receiving your salary you should also put bitcoin investment in the list and invest wisely. 

Huge some of money does not determine if an investment will end up well or not,  what determine an investment to be profitable even with a small amount of money is understanding and planning.  In bitcoin investment you don't need to wait to have all the money to start up an investment, the investment can commence by accumulating some amount of Bitcoin from time to time, waiting to get save money to start up big can be a waste of time that opportunity of buying bitcoin low will be missed.  Their is no amount to start bitcoin investment that won't be profitable if hodling of bitcoin is applied.

you are not alone in this. Their are times you would not be able to hold you Bitcoin even when you intend accumulating it from the signature campaign you see participating in. Their as some people that before payday, they are already waiting to sell off their little fraction of Bitcoin and would hardly hodl it more than 3days in their wallet. This is one if the main reason we are not to invest an amount that we are comfortable with.

For someone that earns $3000, that's a nice amount of money if it's coming in on monthly basis and you can choose to invest even 40% of it and still remain financially comfortable.

The idea is that no matter how small, it's still wiser not to eat with the whole hands, at least have some things in reserve for yourself in the future, you can only achieve something like this when you're making some level of savings, reducing the total average cost of your daily expenses, manage up yourself and cut cost to be able to meet up with doing other things, you can't expect things to last long for life, they are just meant to be enjoyed while they last.

Yes, it wont really be mattering whether you are really that profitable or not and wont really be mattering about being rich or poor or average in terms of financial status.
Its true that it would really be mattering on the time that you would really be mattering on well you would really be able to handle up yourself into this kind of investment on which it
wont really be something to be so simple. This is why it would really be that best that you should really know on how to hover yourself into this investment world
or else you would really be messing up  yourself into this field.

When it comes on holding or owning bitcoin, then it wont really be that necessary that you would really be needing to have that purchase a whole coin.
We do know that we could really be able to own Bitcoin on fractions, this is why its better not to stress yourself with having that kind of
ideas in mind just because of this and that.

Bitcoin for life, not to hold a lifetime. If your dream is big, then you should hold on until you reach your goal. But if you need to sell bitcoin to survive, then nothing is wrong. It doesn't matter if you are selling bear or bull, but the fact is, you shouldn't sell at a loss. If you need to sell at a loss to survive, then try to buy back with the DCA strategy. Try to accumulate a dip with your savings. Your earnings aren't bad; try to manage not to sell your bitcoin. Then, once a day, your dream would come true. But I will say, don't over-expect from Bitcoin.