Constructive Financial Advice Needed

[Dorodha]

Bitcoin investment is good for constructive financial advice but it also has to have other job arrangements as well as work or blogging on various websites that are able to meet daily needs including financial support. Bitcoin investing is capable of making a long term profit. There is no financial basis for the rising price of Bitcoin. That is when money is kept in the shares of a company its business type future plans financial accounts etc. are seen but in the case of Bitcoin there is no such thing so when the demand decreases it's price will fall.

[Harlot]

Do not worry too much friend. I got my first proper job only at 27 after many years doing so many different jobs including waiting and call center for many years. My advice is to work hard, and save money. Do not get enticed by easy get rich fast things.

OP doesn't see Bitcoin as a get rich type of scheme but rather a safe way to earn a few hundred bucks just by trading it during its volatility which he is correct about that. But the bad thing about this strategy is he is looking at it as a main income option which I highly discourage because if one or two trades goes wrong then his capital will be screwed and he might not expect any kind of income. That's why I'm suggesting to him that he would rather use Bitcoin trading as a form of investment rather than making it his main income, since he is good in photography I think it would be easy for him to find a freelance job on any freelancing website. The key here is having a stable revenue stream for him to add capital more and more in his trading.

[error08]

And that's why 1Bitcoin is a huge deal to me!
1 BTC to HODL till the next peak-near peak, and buying 2+BTC or more on Peak's correction which is around -80-90% as Data shows from previous 2 Peaks
So, I don't see my self 'retiring' even if I owned at the moment 1BTC, I wouldn't take cash profits to the extent of 100k-200k
but swing trading just 0.25BTC[three-four times per year] owning 2BTC after next peak, would give me what I need to settle down and still store most of my wealth on Bitcoin.
And this is not why I love Bitcoin for.
But trading a fraction of it and not gambling it [long-short and being a day trader] would be a 'work' for me being independent and taking care of others, not even bothering starting a company, a business or whatever. I'd be writing about Bitcoin, following news, looking how it moves n the charts. Live life, pursue what I like to find my passion, read and self educating my self.

So, your aim is collecting at least BTC1, sell it at the peak, waiting for the correction, then hopefully afford to buy BTC2?
What is your plan to get BTC1? by swing trading BTC0.25? I don't have BTC0.25, but I'm doing this with a small amount of capital (as much I can afford to lose) and could increase just a little bit of my bitcoins.
You can earn more bitcoin in this forum, fraction by fraction, just keep reading and learning more about bitcoin and the forum, get merit, improve your rank, as time goes on you will be able to register for a sig-camp with decent payment like $20-$60 a week. Don't be too rush, enjoy the process within 6 months - 1 year and you can accumulate BTC1 as the time goes on.

Let me tell you, there ever a contest, whoever wins it got BTC1, BTC0.2, and BTC0.1, just check this (https://bitcointalk.org/index.php?topic=5187691.0)
I'm not saying this is the best way to earn bitcoin, but an opportunity like this ever happened. Cheers up.

[Beparanf]

Don't put too much hope on investing in BTC especially for your future. BTC price is not guarantee that it will reach 200k or even 100k so you are definitely gambling your future on BTC. It will be better if you determine what's your  best skills and hone it so that you can used it to earn money. Don't aim for a business if you want a happy and stable financial status during your retirement. Aim for a good job that will give you a good income. There is a lot of possible job out there that offering huge income. Try working overseas if the salary in your country is low.

For your investment, try to diversify your money on insurance, cryptocurrency and retirement funds.

[el kaka22]

The only method you could make a profit enough to not worry about money is to save up, when you have ZERO money there is no way you could make a profit without providing a service to someone and that is working which is what you should do to save to begin with. It means you have to either work harder (I know it is close to impossible to push your boundaries more than few months, I am there myself) or what you can do is create a debt, when you have a debt you have to pay that, you will do whatever you can to pay it, and that means you are going to either make more money or spend less money but pay that debt.

This is why taking out a loan, or using credit card, or anything that could put you in debt could work. With that debt, you need to acquire something that would generate income for you, make your money work to make more money for you.

[AliMan]

Don't put too much hope on investing in BTC especially for your future. BTC price is not guarantee that it will reach 200k or even 100k so you are definitely gambling your future on BTC. It will be better if you determine what's your  best skills and hone it so that you can used it to earn money. Don't aim for a business if you want a happy and stable financial status during your retirement. Aim for a good job that will give you a good income. There is a lot of possible job out there that offering huge income. Try working overseas if the salary in your country is low.

For your investment, try to diversify your money on insurance, cryptocurrency and retirement funds.

Working overseas or taking some of the legit business right now wasn't an assurance to prosper with our finances. There's no stable profit in physical world, and same with cryptocurrency it's also volatile specially these days of pandemic. It just a matter of gambling your future towards it, so if you're risking over on bitcoin then you're willing to wait until such time the asset will develop a certain value that satisfies your needs.

[Eternad]

Op s

Bitcoin investment is good for constructive financial advice but it also has to have other job arrangements as well as work or blogging on various websites that are able to meet daily needs including financial support. Bitcoin investing is capable of making a long term profit. There is no financial basis for the rising price of Bitcoin. That is when money is kept in the shares of a company its business type future plans financial accounts etc. are seen but in the case of Bitcoin there is no such thing so when the demand decreases it's price will fall.

Having real jobs will help too, there are many companies that allows work from home setup so he will have a guaranteed money OP can spend for his expenses and living while other job is for trading purposes, if he'll be able to learn and master trading it's also a good profe8this time of crisis. There is only a need to budget his time properly.

[milewilda]

Don't put too much hope on investing in BTC especially for your future. BTC price is not guarantee that it will reach 200k or even 100k so you are definitely gambling your future on BTC. It will be better if you determine what's your  best skills and hone it so that you can used it to earn money. Don't aim for a business if you want a happy and stable financial status during your retirement. Aim for a good job that will give you a good income. There is a lot of possible job out there that offering huge income. Try working overseas if the salary in your country is low.

For your investment, try to diversify your money on insurance, cryptocurrency and retirement funds.

Working overseas or taking some of the legit business right now wasn't an assurance to prosper with our finances. There's no stable profit in physical world, and same with cryptocurrency it's also volatile specially these days of pandemic. It just a matter of gambling your future towards it, so if you're risking over on bitcoin then you're willing to wait until such time the asset will develop a certain value that satisfies your needs.

When it comes to finance success then nothing beats out with leverage income but only a few do able to reach up this certain state where they do earn money while they do sleep and do continue to do so
even up to their lifetime ex. real estates, franchise and other similar but it doesnt also mean that this will be an absolute thing yet you can still experiences losses of course since these are investments.
Crpyto is just an another market where you can diversify out your money to earn more money and just like any other then its not really that right to go all in with it.
The risk is somewhat higher if you do compare it into traditional businesses out there.

[Kelvinid]

A strong and positive person can easily find a way to make money. You have to talk about your trading life, that it gives you a better return?

- I'm looking on long term-perspective bro not short term.. More like in 2022-2025

Anyway, forget about it. I understand now that you are looking for a long-term goal investment and trading may not work for you then.
May the others not sees Bitcoin as the best investment for those who come from a low status of life which is pathetically wrong for me. And you are right, you are risking your lives before that makes no way for you to sacrifice it back again just to have a better future by having this kind of investment. Besides, we are having our own way to improve our life status, may others see not good but we are fine.

I see the positive looks that you have, I have been in such struggles before just like you but I don't let my minds driven by negativity and don't bring myself down, instead of working it out from hell.

[MCobian]

First of all I am not a financial advisor, so I cannot guarantee that what I have to say will make your financial situation better.
I just want to support you, to keep believing in Bitcoin. Because of the difficulties that you experienced I feel too, it can be said
that we have almost the same fate. I had to start earning money from the age of 14, and I also live in third world countries
who have an inadequate income. But after getting to know Bitcoin, there was hope that a poor person like me could become rich.
So I don't care about the advice of people who say Bitcoin can go down in price, I still believe Bitcoin will make me rich.
All I need to do is collect as much Bitcoin as I can, and hold the Bitcoin until 2025.

[Becky666]

Possibly if you're looking for a long-term investment package then Bitcoin will be the best for your type, though some members disagreed with this because of the afct that, Bitcoin look volatile. The volatility of Bitcoin in my own view is, for short-term it should be discourage among new investors in the industry because of unforeseen circumstances. Although am not a financial advisor but with my little knowledge about Bitcoin investment, i suggested for more research.

[lixer]

The only method you could make a profit enough to not worry about money is to save up, when you have ZERO money there is no way you could make a profit without providing a service to someone and that is working which is what you should do to save to begin with.

Yeah, but he said that the job he's doing doesn't pay him much, so I think he should be looking out for a better job than what he's doing now. And as for Bitcoin, it has been good and positive as of recent.

I have noticed that the price keeps going from one price level to another after a month or few. Maybe the price will go up, and if that happens in the nearest future it's going to benefit the op, he will be able to make good profit and look for a better means of income and create a better life for himself. Things will get better for him, but it's just with time.

[akram143]

You need to start a business if you really want to earn the money you wanted, and remember not every successful company in 2020 had any capital to start when they established, they just started it from nowhere and in really small scale like facebook and google is the best example for it.But you can't make something to be successful which is already exists here so all you need to do is find a business idea which needs skills.

[carter34]

I have read op pathetic story and his family hard times but you are not alone in the struggle. You need to focus on learning trade. Trading is a solution for the youth and it is open to everybody with internet.

[SquallLeonhart]

Always invest into dividend like structure in your investments to make sure that you are getting your fair share of the income. I understand that people do not like this type of suggestion but when buying stocks you should focus on dividends, the fact that "company keeps the profits to grow bigger, so instead of giving you share of the profit we are going to just make the stock look like it worths more" is not something I like.

If I buy shares of a company and that company ends the year in profit, I want part of that profit so I can spend it or reinvest it. Same with crypto or anything crypto related, put your money into anything you want, preferably I would put it into 10 different projects, and make sure that all of them pays you your share if it looks good and not just go more valuable.

[ReiMomo]

OP your post is one of the longest I have read in the forum and you did reply to "jackg" almost of the same length but that is fine and wxa7115 is right to copy-paste is not allowed to avoid doing that for you not to ban.

Anyway regarding your post I also came from a 3rd world country so I can feel you because I know how hard to live in our country that you are always pushed to the limit just to survive. I know you're optimistic you tend to see the positive side always however you have the tendency of getting stressed easily for you always put attention you are very eager to achieve your goal and that makes it hard for you if you failed to get it on your target time.

I've been through these and in fact most of the time I am experiencing it still but what I often do is that in every goal I always backed it up of a next plan so if in case I failed to do it then I know I always have the second chance to achieve it. Focused but sometimes try to loosen up breath freely as if it is another day for us to succeed.