How not having money helped my Bitcoin journey

[Ndabagi01]

You're extremely fortunate to have learned more about bitcoin before investing in it. The knowledge you gained initially will help you gain a better understanding of the market and determine the best trading strategy. Many people never had the opportunity to learn about cryptocurrency before investing, and as a result, they leave the market in rage and lose a lot of money. Even if it is not bitcoin or cryptocurrency, it is always advisable and ideal to have a thorough understanding of an investment before putting your money into it. Delay in investment is preferable to losing all of your money if you invested too soon due to FOMO.

This post will be extremely be useful to anyone who joins this forum and just wants to learn how to buy their first bitcoin or tell the forum how much bitcoin they’ve just purchased. If they can see this, it will reduce their desire to just start buying and instead want to learn and have some skills to guide them later after purchasing.

[worldofcoins]

It's true that not having money to invest in Bitcoin can be a blessing in disguise. Instead of focusing solely on making money, people can take the time to learn about Bitcoin and the underlying technology, which can be very valuable in the long run. Furthermore, with a deeper understanding of technology, people can make more informed decisions about investing in the future. Therefore, instead of being discouraged by not having enough money to invest in Bitcoin, people can take advantage of this time to deepen their understanding of the technology and the market.

[ethereumhunter]

It's true that not having money to invest in Bitcoin can be a blessing in disguise. Instead of focusing solely on making money, people can take the time to learn about Bitcoin and the underlying technology, which can be very valuable in the long run. Furthermore, with a deeper understanding of technology, people can make more informed decisions about investing in the future. Therefore, instead of being discouraged by not having enough money to invest in Bitcoin, people can take advantage of this time to deepen their understanding of the technology and the market.

I agree with you because by understanding investing in bitcoin well, they can find something that can make them able to invest in it even with a small amount of money. That gap is what they can use to find hidden blessings from bitcoin and who knows, they can be luckier than other people who have money. But not many people want to try hard because most of us just want it to be easy.

[Altryist]

If you don't have the money yet, maybe because you are jobless or still in school, do not let that be the reason to be out of Bitcoin, there is more you can learn that will help you in your crypto journey.

Money is coming, but be prepared by learning about Bitcoin, you will be in safer hands with the knowledge you would have acquired.

I think that you would still not mind buying bitcoin at that time, but everything that you did (installing a wallet and experimenting with mining), you most likely would have done anyway, since one does not interfere with the other. People who want to achieve something tend to learn something new, but this can be done in parallel with the purchase of bitcoin. If, nevertheless, the situation is really such that there is no money to buy at all, then you need to change something in life, money will not come into your life just like that. I was also a teenager and a student, and I can say that there is almost always an opportunity to earn something if you are not afraid of hard work.

[posi]

I also have to admit that sometimes not having money to invest early is also an advantage. Because we will have a lot of time to learn and research about it before making a final decision. If we rush to invest through advertising or someone's recommendation and do not have any knowledge about it, it will not benefit us.
I also used to lose a lot of money investing in Ponzi projects, I didn't do any research and just focused on the profit I would get. And the price I have to pay is to lose all the money invested.

[yazher]

That's right! when you have all the basic knowledge concerning bitcoins and cryptocurrencies, every move you make will be easy and productive and when the time comes you are about to buy your first bitcoins, you won't have that anxiety of looking countless times on the crypto market because you already know the drill and the common basic things about it. That's why knowledge is precious, especially in this field where there are lots of scammers that are taking advantage of people that are not familiar with the crypto market and how it works. when you look at the scam victims' posts you see that they don't have enough knowledge and they learned their lesson the hard way because they rush to invest rather than to investigate first.

[Wiwo]

I agree with you on the part that you get more zeal to learn whent you have the taste and hunger for it and is better to learn when you have not achieve any thing like financial independence yet because that is the only time you can pay close attention.

Although money is never a distraction rather more of an advantage because I won't say if you have bought some Bitcoin and held it in that your wallet since then at least you will be at a gain by now.
But then now you are ready to buy Bitcoin but Bitcoin price is high right now compared to some time ago was the price was way below the $30k price which will reduce your purchasing power right now.

[DiMarxist]

Yes, the same to me, like the first time when I was to bitcoin, i don't have money to invest, but I have more serious than seriousness to go deeper in Bitcoin investments to lean more basic knowledge concerning bitcoins and cryptocurrency,  about bitcoin and to achieve my financial freedom or financial goals, and when I have  known some basic knowledge concerning bitcoin but I don't have the money to invest until that day when day send money to me for feeding that is when I applied for this strategy with a little amount of money, the DCA pattern which directly related to people who don't have big capital to buy. And that is how I started the journey to invest.

[serjent05]

I agree with you on the part that you get more zeal to learn whent you have the taste and hunger for it and is better to learn when you have not achieve any thing like financial independence yet because that is the only time you can pay close attention.

I think the reason for this is that @OP is desperate to have extra source of fund if not looking for the main source of fund.  The main motivation why many of us here are giving and trying our best to learn and engage in the Bitcoin economy.

Although money is never a distraction rather more of an advantage because I won't say if you have bought some Bitcoin and held it in that your wallet since then at least you will be at a gain by now.
But then now you are ready to buy Bitcoin but Bitcoin price is high right now compared to some time ago was the price was way below the $30k price which will reduce your purchasing power right now.

I agree, with the aid of money, we can hasten our learning just like what the earlier reply on this thread stated.  With money, we can have a first-hand experience of everything we had read and learned.  We can easily get acquainted with investment in Bitcoin, mining Bitcoin, or start-up businesses that accet BTC if we have enough funds for one of them.

But as @OP stated having no money is not a hindrance in participating in the Bitcoin economy instead, it can be a motivating factor and as a challenge for everyone.

[Wiwo]

I think the reason for this is that @OP is desperate to have extra source of fund if not looking for the main source of funds.  The main motivation why many of us here are giving and trying our best to learn and engage in the Bitcoin economy.

Ops point could have been better understood if he said not investing in altcoins instead of saying Bitcoin, because not investing in Bitcoin in the early stage is more of a disadvantage than it is an advantage unless you bought at the all time high, but aside from that, it's 100% better to be early that late.

What makes Bitcoin different from others is the fact that with Bitcoin even a newbie with no knowledge of Bitcoin can simply buy and hold Bitcoin for the long term without much fear or risk of losing everything, but the same can not be said of altcoins, most altcoins we know before are no longer available in the market today because of one or two things which as basically the characteristic of altcoins.

[Raceonsucced]

If we have money, but we lack knowledge. it could be because of our lack of knowledge that we act rashly just to indulge our passions and then lose and regret. So it's better to add insight first for our own good. Money is needed, but don't rush just because you want to get rich quick. Because to be successful it takes a process. and like you said that the money will definitely come.

[Flexystar]

I like this story and so much to take from it. Recently so many negative news coming from the crypto world regarding scams, suicide and what not. People are going nuts about investing their money into Bitcoin and they think its get rich quick scheme. They are literally taking loans, swiping their credit cards, lending money from friends and family, and some I read using pensions from their mum and dad.

In the end when situation gets out of hand due to the volatility they start losing money and get stressed about it. Sooner whole investment gets out of hands and they get no choice but ruin their own life and relations.

It's so true that if you don't have money then you should not be thinking about investing. First have proper accounting. Get yourself proper balance sheet where you know how much money you can afford to lose and spend on investments. That could drive proper channel.

[Marvell1]

I think the reason for this is that @OP is desperate to have extra source of fund if not looking for the main source of funds.  The main motivation why many of us here are giving and trying our best to learn and engage in the Bitcoin economy.

Ops point could have been better understood if he said not investing in altcoins instead of saying Bitcoin, because not investing in Bitcoin in the early stage is more of a disadvantage than it is an advantage unless you bought at the all time high, but aside from that, it's 100% better to be early that late.

What makes Bitcoin different from others is the fact that with Bitcoin even a newbie with no knowledge of Bitcoin can simply buy and hold Bitcoin for the long term without much fear or risk of losing everything, but the same can not be said of altcoins, most altcoins we know before are no longer available in the market today because of one or two things which as basically the characteristic of altcoins.

You have shown the difference when investing in bitcoin vs altcoins. But for those who are not knowledgeable about bitcoin, buying bitcoin at a high price and holding it for long is impossible. Newbies will be shocked and panic if they see bitcoin dumped and lose 70%-80%, they will also sell it in panic and heavy loss. Having money without knowledge should not invest in bitcoin, investing without knowledge is like gambling, only investing with what you understand about it.

[CryptSafe]

Sometimes having no money for a start up can actually be a blessing in disguise. Maybe there are some things that you are ought to learn which have not really done hence you will need to do them to learn and get the experience so that you can control or handle them well when it starts coming in. All these put together are the supposed experience one needs before going into a particular activity.  For instance before an organization put up notice for vacancy, there must be some terms and conditions to fulfill before you think of applying for the position that is same applicable to life principles just as OP has said. All the years you took time to get prepared for the journey ahead and now you are reaping the fruit of your labor. Those techniques you learnt I believe are helping you now to forge ahead.
So therefore, no experience is a waste of time.

[Asuspawer09]

I see how some newbies are complaining about not having enough money to invest in Bitcoin, some times not having money is a blessing in the crypto space, if I had money years ago when I knew about crypto I would have made all the possible mistakes in the book, and that would have cost me a lot.

I had no access to money when I knew about Bitcoin, I had the desire to acquire many Bitcoin but I have no way, instead of moving on with my life I kept myself busy, reading and reading about Bitcoin, installed my first Bitcoin wallet on a Pentium 4 PC, I knew about Proof of work, I tried mining for the first time using a dual-core PC ( second PC ), if I have enough money to invest I wouldn't have had time for all this learning.

I got so calm, because what is there to rush about? I have no money anyways, since that time learning became my first priority.

If you don't have the money yet, maybe because you are jobless or still in school, do not let that be the reason to be out of Bitcoin, there is more you can learn that will help you in your crypto journey.

Money is coming, but be prepared by learning about Bitcoin, you will be in safer hands with the knowledge you would have acquired.

There are always some ways to earn extra money even though you're still a student, a do a lot of extra work on photoshops, and video editing when I'm still a student, and some of that money I used to invest in Bitcoin.

In 2018 I think I join signature campaigns as well and most of my payouts are invested in Bitcoin, Saving some of your allowances would do if you really want it, it was just a small amount so it doesn't matter if it's a risky investment. Also, that's why we have the forum, we learn a lot in the forum not just about Bitcoin as well as how to earn Bitcoin.

[Wiwo]

You have shown the difference when investing in bitcoin vs altcoins. But for those who are not knowledgeable about bitcoin, buying bitcoin at a high price and holding it for long is impossible. Newbies will be shocked and panic if they see bitcoin dumped and lose 70%-80%, they will also sell it in panic and heavy loss. Having money without knowledge should not invest in bitcoin, investing without knowledge is like gambling, only investing with what you understand about it.

Entering Bitcoin at the pick of the market is not good to do not only for newbies but everyone, bitcoin is best purchased when the price is low because that is the only way you can get some discounted price.

But if you enter when the price is high there is a high possibility that it will end in losses for you or you have to wait for a long time before you see profits because the market must first recover before it could make any more significant positive profits for the holder.

[sulendra12]

I had no access to money when I knew about Bitcoin, I had the desire to acquire many Bitcoin but I have no way, instead of moving on with my life I kept myself busy, reading and reading about Bitcoin, installed my first Bitcoin wallet on a Pentium 4 PC, I knew about Proof of work, I tried mining for the first time using a dual-core PC ( second PC ), if I have enough money to invest I wouldn't have had time for all this learning.

Kinda similar when I was first time actually got serious to learn and want to do something with Bitcoin. Started with nothing but laptop and mobile data for my internet purpose. Started from faucet where it actually paid decent than these days, that day was really precious because stuff was easy that day especially claiming from faucet where you could get paid decently from that and learn things from there.

It's true that when you start from zero, you don't have any feel of rush because originally it starts really slow so you can get used to do it with the pace you can make and make the process/result really worth at the end.

[Vaskiy]

I had no access to money when I knew about Bitcoin, I had the desire to acquire many Bitcoin but I have no way, instead of moving on with my life I kept myself busy, reading and reading about Bitcoin, installed my first Bitcoin wallet on a Pentium 4 PC, I knew about Proof of work, I tried mining for the first time using a dual-core PC ( second PC ), if I have enough money to invest I wouldn't have had time for all this learning.

Kinda similar when I was first time actually got serious to learn and want to do something with Bitcoin. Started with nothing but laptop and mobile data for my internet purpose. Started from faucet where it actually paid decent than these days, that day was really precious because stuff was easy that day especially claiming from faucet where you could get paid decently from that and learn things from there.

It's true that when you start from zero, you don't have any feel of rush because originally it starts really slow so you can get used to do it with the pace you can make and make the process/result really worth at the end.

Everyone used to have similar experience. At the beginning our mind always think of making big money. At some point we'll realise it is hard to invest as the price is really high. Only thing that could give hands is learning and the other way is to think of having some unique ideas with bitcoin acceptance. Maybe the learning won't bring instant money, but it'll surely help in the long run.

Starting from the scratch let you explore and learn perfectly. There's a statement, slow and steady wins the race. That is what the reality when we acquire knowledge and experiment things to master it.

[serjent05]

I think the reason for this is that @OP is desperate to have extra source of fund if not looking for the main source of funds.  The main motivation why many of us here are giving and trying our best to learn and engage in the Bitcoin economy.

Ops point could have been better understood if he said not investing in altcoins instead of saying Bitcoin, because not investing in Bitcoin in the early stage is more of a disadvantage than it is an advantage unless you bought at the all time high, but aside from that, it's 100% better to be early that late.

True that, most altcoin investment looks like a Ponzi or a HYIP scheme to me.  Those who invested in altcoins often ends up losing because many of them are created just to milk investors or run away the money invested on the project.  Most altcoin strategy is to make investors wait while promising too good to be true roadmap and plans.  So it is really best to ignore altcoin investment if we plan a long term holding which suited Bitcoin market.  Aside from that Bitcoin has strong liquidity.

What makes Bitcoin different from others is the fact that with Bitcoin even a newbie with no knowledge of Bitcoin can simply buy and hold Bitcoin for the long term without much fear or risk of losing everything, but the same can not be said of altcoins, most altcoins we know before are no longer available in the market today because of one or two things which as basically the characteristic of altcoins.

True, but still we shouldn't tolerate such idea, newbies should be well equipped with knowledge before jumping into any investment.  This way they have the knowledge to solve any difficulties they encounter along the way of their investment.

[Outhue]

Good lesson, I made almost all the mistakes available in crypto investment, from getting scammed online through phishing links to investing in HYIP projects, you are lucky to have no money when you are hooked on investing in Bitcoin,

I learned most of all I knew about Bitcoin after making mistakes, there are too many scam projects in crypto space and I did learn the hard way, now I lose less money to none but my mistakes costs me a lot, few my father was aware of and he kept it a secret from my mother, he said I should keep trying that mistakes is how we learn.

If everyone can go on the same road as OP many people won't make stupid mistakes that will cost them all they have or almost all they have, once newbies heard that someone made a lot of money from a project they will want to risk all they have and that might be the time the scammers will decide to rug pull.

Knowledge is the only way to get through dangers and red flags in the crypto space, ignore money making first and trying learn, leave the money making for later.