Bitcoin (food for table)

[Blisszi]

Bitcoin has feed many people dead or alive, I discovered that many people source of surviving is through Bitcoin. Families that have nothing to offer has survived probably because their children are involved in trading bitcoin but now that the price is down I know most of us that this has being the only means of livelihood, is being tough to meet up the current hardship in the land.

Bitcoin should do well again I pray do that we can have plenty people in what we do, evidence of anything is the result of you can present. Investment has not making sense anymore. Is just stagnant and dropping down the axis. Bitcoin keep putting food on our table

[CageMabok]

Bitcoin has feed many people dead or alive, I discovered that many people source of surviving is through Bitcoin. Families that have nothing to offer has survived probably because their children are involved in trading bitcoin but now that the price is down I know most of us that this has being the only means of livelihood, is being tough to meet up the current hardship in the land.

I haven't made Bitcoin my sole livelihood during this time, as I always take on more job opportunities if the offer is right and if the partnership doesn't interfere with my time for other work. Know that people who have more than one different job in their life will always find it easier to get food every day even though their comfort starts to decrease a little because their days are always busy with work.

Bitcoin should do well again I pray do that we can have plenty people in what we do, evidence of anything is the result of you can present. Investment has not making sense anymore. Is just stagnant and dropping down the axis. Bitcoin keep putting food on our table

In my opinion, investment still makes a lot of sense if the assets invested are clearly assets that are liked by many people, for example like Bitcoin. Because besides you can still trade it to find your daily profit, you can also invest Bitcoin for the long term in the hope of bigger profits. Even though maybe you prefer small profits that look more certain because you can enjoy them right away.

[tbct_mt2]

Bitcoin has feed many people dead or alive, I discovered that many people source of surviving is through Bitcoin.

Bitcoin is not a living organism and it is not able to feed anyone. Bitcoin blockchain is not able to do this as it is only a public ledger to record all past transactions. Miners only confirm transactions and receive block rewards, transaction fees.

Bitcoin faucets are able to feed people but faucets with good amount of Bitcoin is past stories. Today you can not claim too many satoshi daily from Bitcoin faucets to feed yourself or your family.

Get 5 free bitcoins from freebitcoins.appspot.com

It is a first Bitcoin faucet, 5 BTC a day.
https://web.archive.org/web/20100703032414/https://freebitcoins.appspot.com/

[NotATether]

When I first saw this topic I thought OP was referring to "people using Bitcoins to provide for their family" which I would definitely agree with, but it looks like they're just talking about "trade bitcoin and hope you turn a margin profit" which is not how people should be approaching this at all. Most people here are not traders and you should not have to be compelled to become a trader if you want to make good money in this space.

[PrivacyG]

Bitcoin faucets are able to feed people but faucets with good amount of Bitcoin is past stories. Today you can not claim too many satoshi daily from Bitcoin faucets to feed yourself or your family.

Get 5 free bitcoins from freebitcoins.appspot.com

It is a first Bitcoin faucet, 5 BTC a day.
https://web.archive.org/web/20100703032414/https://freebitcoins.appspot.com/

It is good amount of Bitcoin only now.  Back then, it was as worthless as claiming tBTC from faucets is today.  Nobody imagined Bitcoin becomes this big.  Otherwise, do you think some body would have given away 5 BTC so easily back then?  Imagine you think you can not claim too many Satoshis daily from Bitcoin faucets today and in one decade a Satoshi is worth $1.

-
Regards,
PrivacyG

[maydna]

But they can still try to trade bitcoin at this time. If they see the price of bitcoin going up and down, they can try to trade by buying low and selling high. There's no need to try to make big profits if it's too hard for you, but try to make multiple profits on each trade, and don't be greedy.

But it's better if they find work offline and try to invest in bitcoin to prepare for their future so that when the time comes for bitcoin to increase in price, they can sell the bitcoin and make a profit. If they don't have the money to invest in bitcoin, it will be difficult for them, so it might be better if they can get a job and earn a salary to start investing in bitcoin.

[BlackHatCoiner]

Buying bitcoin and holding it, instead of saving in your national currency is a smart choice. But trading bitcoin and fiat back and fourth, believing that you can generate income by that is no more different than believing you can live off gambling.

Imagine you think you can not claim too many Satoshis daily from Bitcoin faucets today and in one decade a Satoshi is worth $1.

Actually, a lot more. Giving away 5 BTC is the equivalent of giving away $100,000. If we take today's faucets that don't send more than 1000 sats per click, each sat should be around $100 in 2033 (which, in my opinion sounds a lot more crazier than the former).

[tbct_mt2]

It is good amount of Bitcoin only now.  Back then, it was as worthless as claiming tBTC from faucets is today.  Nobody imagined Bitcoin becomes this big.  Otherwise, do you think some body would have given away 5 BTC so easily back then?

I know that Bitcoin did not have great value in 2010 but the faucet is from Gavin Andersen, a Bitcoin developer. I believe that he had good belief in future of Bitcoin but perhaps he did not imagine Bitcoin will have value like $60,000. His faucet is iconic part of Bitcoin history.

Imagine you think you can not claim too many Satoshis daily from Bitcoin faucets today and in one decade a Satoshi is worth $1.

I don't believe one satoshi will become $1 in next decade.

If it becomes $1 in 2033, the global economy will be in hell and I don't want to be part of it. Maybe 1 satoshi will be worth $1 in 2140 but I will no longer be alive in that year.

[mendace]

Bitcoin has feed many people dead or alive, I discovered that many people source of surviving is through Bitcoin. Families that have nothing to offer has survived probably because their children are involved in trading bitcoin but now that the price is down I know most of us that this has being the only means of livelihood, is being tough to meet up the current hardship in the land.

Bitcoin should do well again I pray do that we can have plenty people in what we do, evidence of anything is the result of you can present. Investment has not making sense anymore. Is just stagnant and dropping down the axis. Bitcoin keep putting food on our table

OP, I didn't understand whether you were referring to those who are struggling to make a living and therefore rely on Bitcoin or if trading is currently not bringing any benefits because we are in a bear market. In any case, if it's the former, I think you should hang in there and try to find other sources of income at the moment. If it's the latter, I don't think that's what's useful for Bitcoin.

[Solosanz]

Bitcoin never feed anyone because it's not a free food and distributed to poor people, a children which is usually less than 18 years old and came from poor countries doesn't have any funds to buy Bitcoin, how they can trade Bitcoin if they can't afford to buy Bitcoin in the first place? I'd say your stories are just like a fairy tale.

I think majority of people are using Bitcoin as an investment, not for trading because they know not all people can make money through trading.

[lovesmayfamilis]

OP, what did you expect? So that you invest a few dollars and start feeding your family with these, expecting a regular rise in Bitcoin?
I'm tired of complaining about your posts. You have been pitied for plagiarism, but in the end, start reading and stop writing nonsense. Learn about what volatility is, and maybe come up with a story about how you fed your family for several years after gaining complete financial independence. It will be more colorful.

[xSkylarx]

I got your point, but it was exaggerated that bitcoin was feeding those people who are doing trading, and with the price right now being down, it means for you that it can't provide food as they aren't getting profit. I don't know who you are referring to, but most of us here have another source of income that we use to feed our family, but only a few of us use bitcoin as a main source of income as it is not stable and it is very risky as it is volatile. I would suggest to you that you find a job and use trading as your side hustle to earn extra income.

[Bananington]

Bitcoin has feed many people dead or alive, I discovered that many people source of surviving is through Bitcoin. Families that have nothing to offer has survived probably because their children are involved in trading bitcoin but now that the price is down I know most of us that this has being the only means of livelihood, is being tough to meet up the current hardship in the land.

Bitcoin is not a job and people who have put their dependence on bitcoin trading as a source of livelihood are making a very wrong decision because of the many uncertainties and things you cannot predict with trading. It is just like a gambler who depends solely on gambling to survive. Bitcoin trading is no guaranteed way to make money that can sustain you and your family. People who trade are always advised to seek to have other sources of income to assist and help them to avoid always wanting to sell some bitcoins (because how can you keep bitcoins in such situation), and for the times when things get rough. Bitcoin trading or investment should not be your only source of livelihood.

[LogitechMouse]

Bitcoin has feed many people dead or alive, I discovered that many people source of surviving is through Bitcoin. Families that have nothing to offer has survived probably because their children are involved in trading bitcoin

I thought for a second, how to dead people eat?
You are only pertaining here to Bitcoin trading. In fact, there are many ways to earn Bitcoin and not just in Bitcoin, but cryptocurrency in general. Thinking that you can only earn thru Bitcoin trading is bad IMO. Freelancing and accept Bitcoin as a payment is one way, faucets is another one (though not worth it) etc. There are many ways.

As for us here in our home, a percentage of our monthly income comes thru crypto (thru freelancing).

but now that the price is down I know most of us that this has being the only means of livelihood, is being tough to meet up the current hardship in the land.

No for me.
This only affects people who has Bitcoin as their only income source. For me, I still have a main job aside from my freelancing job which I'm paid thru Bitcoin. Did it affect me? Yes, but not to the point where I feel that I'm having a hard time coping up with the expenses because of what happened to the whole crypto market.

Bitcoin should do well again I pray do that we can have plenty people in what we do

There's nothing wrong in praying so just continue what you're doing. I've been investing for 4 years already, and I didn't even try to pray with regards to my investments.

Investment has not making sense anymore. Is just stagnant and dropping down the axis. Bitcoin keep putting food on our table

That's how newbies think.
They see stagnant and dropping market as a negative where in fact, it is a positive one because you can buy cryptocurrencies at a cheaper price.

[Husires]

Bitcoin should do well again I pray do that we can have plenty people in what we do, evidence of anything is the result of you can present.

The title is very misleading and different from the content of the topic. Do you think that Bitcoin is the Ministry of Social Welfare in your country or what? It is an investment, if you are not aware of the risks of investing, you will end up losing your money.

You can start by looking for a job and leave the rest of your money as a long-term investment in Bitcoin, this is the best solution.

[GideonGono]

Bitcoin indeed save so many people from starving it became a source of income for most of us, specially when pandemic strikes.
Most people lost their jobs and earn through crypto.
And I could say that I am part of those who survived because of crypto.

[Zlantann]

Bitcoin has feed many people dead or alive, I discovered that many people source of surviving is through Bitcoin. Families that have nothing to offer has survived probably because their children are involved in trading bitcoin but now that the price is down I know most of us that this has being the only means of livelihood, is being tough to meet up the current hardship in the land.

Bitcoin should do well again I pray do that we can have plenty people in what we do, evidence of anything is the result of you can present. Investment has not making sense anymore. Is just stagnant and dropping down the axis. Bitcoin keep putting food on our table

Any family that depend on Bitcoin trading for survival might die of hunger. This is because when the price goes down and there is no profit, the family might have nothing to feed on. It is better to see Bitcoin as an investment or a side job and not a full time source of income. Bitcoin is not a get rich quick scheme like some so called crypto experts have projected it to be, rather it is a long term investment that needs a lot of patience and fearlessness. If you come to marry my daughter and I ask about your occupation and you say you are full-time Bitcoin trader, I might discourage my girl from marrying you because you don't have a job.

[so98nn]

It is far more challenging to get a bitcoin these days and that too free of cost. Man, there was time when peeps were just giving away bitcoin for fun. Now look at it, bitcoin has become so demanding that they can not just give it away. Even faucets would take your time, few ad clicks, few downloads and stuff like that to generate the revenue and then give you some 2-10 satoshi's. In addition, these sites are also not running for very long these days. They will make quick profits and just go away with the revenue without even paying their users.

That hard it has become over the period of time. Now to get the bitcoins you have to compare it with the payments / salaries that are paid for your skills. For the work that you were doing normally to earn fiat. That's why it cant just fee the families! Now it needs to be earned before one can enjoy it.

[CryptSafe]

Solely depending on bitcoin trading is more or less you going on a suicide mission. As we all know, bitcoin and Crypto as a whole is volatile. The volatility of the Crypto market is what no one can comprehend in any way. There is an adage that says ' so not carry all your egg in one basket" that is wisdom. You should know that bitcoin is not what you fully depend on as means of survival. A a smart trader, investing in others business should be a priority as well because you never can tell what the market would turn out to be tommorow that is why you are always warned or advice to trade or invest  what you can afford to loose so you do not get into trouble with yourself. I think OP should get a good orientation on bitcoin properly so as not to get things mixed up.

[JoyMarsha]

Bitcoin has feed many people dead or alive, I discovered that many people source of surviving is through Bitcoin. Families that have nothing to offer has survived probably because their children are involved in trading bitcoin

No doubt, bitcoin has been the source of income for those who can trade on bitcoin very well and have solely depended on bitcoin for survival. I have read about a situation whereby some people left their present job for bitcoin trading. According to them, they earn more in bitcoin trading than in their job.

but now that the price is down I know most of us that this has being the only means of livelihood, is being tough to meet up the current hardship in the land.

Since am not into bitcoin trading, I will not be in a better position to answer that cos I don't take bitcoin trading as my only mean of livelihood. I have a job that I fall back on for survival, now that the crypto market is bearish.

Bitcoin should do well again I pray do that we can have plenty people in what we do, evidence of anything is the result of you can present. Investment has not making sense anymore. Is just stagnant and dropping down the axis. Bitcoin keep putting food on our table

We hope that bitcoin will do well in price but if it doesn't, I will keep investing, hodl, be patient, and trust the process, believing that bitcoin will surely skyrocket