Having no money to invest in Bitcoin is even better

[Z390]

I've studied most Bitcoin investors, those who have money to invest are the ones going around looking for someone to teach them how to invest, the first thing they want to learn is how to use the exchange to make purchases using Fiat on the exchange, they are always in hurry, they have no time.

Those who don't have money, have all the time to keep learning and reading stuff online about Bitcoin and the crypto space, they have no reason to be in any hurry and it seems they are the ones that avoid the unnecessary dramas in the crypto space because they took their time to learn first.

Do not walk away from Bitcoin investment because you don't have the money, it's even better not to have money because you will have the patience to learn more about everything, and when the money comes, you will be able to avoid many dramas.

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[Hyphen(-)]

This is not true in all cases.

Many people that value their money do take their time to make some research about anything they wanted investing in not just Bitcoin, and for Bitcoin being a digital asset it is necessary for anyone willing to invest in it to do some research about the technology behind it before investment. Only those people willing to make quick money will just venture into Bitcoin investment and be eager to make profit.

[paid2]

Yes, and there are other ways of obtaining BTC other than buying them.

You can sell services or objects in exchange for bitcoins, you can mine them (but that requires investment, ASICs and infrastructure + electricity), you can take part in polls, signature campaigns here on the forum... There are lots of ways to obtain BTC, even without buying it.

I understand the idea of your post OP, but I don't think that having money prevents people from doing their research before investing.

When you have a lot of money, you don't want to lose it foolishly. When you have little money, you don't want to lose it either. I think it's more a question of personality, maturity and patience than financial possibilities if you look at people's buying behaviour.

[Faisal2202]

Well, no wonder world is full of difference and each person has different idea, for example here op's idea about having knowledge is more valuable then having no money. But at the other hand few days back i read a topic, took me few time to find, whose idea and POV is totally different then ops. Without money, the knowledge is a waste

Yes!
you got the topic very correct and I do mean it because after my last thread, I was actually wondering  the essences of having all the knowledge  about bitcoin and cryptocurrency at large and still don't have the money to buy, I just feel its a waste of effort and such a person  with all his knowledge  will definitely miss out of the opportunities in bitcoin and I'm  on the opinion  that people still need to always have some form of money at all time to buy bitcoin especially  at every instance a dip arises and I want to know the essence of wanting to crowd ones brain Brain with so much about bitcoin  when such a person doesn't have any more to buy rather than seeking ways to buy?

Well, i have shared my opinion on the obari's post and i will share mine here too. That i totally agree with you too but also to some extent only. Because as obari said money is also necassary and without money what value our knowledge has, so in the reply i shared we could earn money by sharing our knowledge about crypto just like i am doin as a crypto content writer.

Point is, existence of both is necassary but knowledge is most necessary because without knowledge you can not stay longer.

[Zaguru12]

It’s not entirely correct. The people without money actually study hard to get grasp of the thing so that they could offer services on it to raise money and most of them are usually employed by the rich folks to help them invest this is a general principle to all investments. But I tell you not all the rich folks that do that. There some that actually go to read all about it before diving into it.

In fact I would say those that do not have money or say little money are the ones that make mistakes in investing into either bitcoin or cryptocurrency at large. This is because they are eager to make lots of profits from it and therefore they rely on charts signals by influencers on social media claiming on how the crypto space could get them rich easily. As for the one with money, he is very skeptical into going into just anything that could actually Would result into him getting into loss.

Point is, existence of both is necassary but knowledge is most necessary because without knowledge you can not stay longer.

Also without experience on it you can’t equally test your knowledge, because knowledge with having that experience is just a shallow understanding of the subject matter. So both should be equally balanced

[Jating]

I've studied most Bitcoin investors, those who have money to invest are the ones going around looking for someone to teach them how to invest, the first thing they want to learn is how to use the exchange to make purchases using Fiat on the exchange, they are always in hurry, they have no time.

Those who don't have money, have all the time to keep learning and reading stuff online about Bitcoin and the crypto space, they have no reason to be in any hurry and it seems they are the ones that avoid the unnecessary dramas in the crypto space because they took their time to learn first.

Do not walk away from Bitcoin investment because you don't have the money, it's even better not to have money because you will have the patience to learn more about everything, and when the money comes, you will be able to avoid many dramas.

I guess for the majority of us who discovered this community and started to join bitcoin paying signature campaigns then I will say that we are very lucky because we don't need money to begin with. From the campaigns we have, we learn how to save some and then re-invest it to something or do some trading or venture into maybe some altcoins.

But those who have the capital to begin with, it's easy for them. However, bitcoin investment is not a sprint, it's a marathon. So the longer we stay and continue to accumulate the better for us. And with that, we don't need to compare ourselves to some big whales, at the end of the day it's how we invest and not be affected by others.

[Oasisman]

Do not walk away from Bitcoin investment because you don't have the money, it's even better not to have money because you will have the patience to learn more about everything, and when the money comes, you will be able to avoid many dramas.

Well, yeah people who don't have money to invest in bitcoin may have double or tripled their effort to study more about cryptocurrency in general so they can use their knowledge to generate income in crypto related field and so they could invest those money they have earned.
I've seen people offering some services in crypto trading, they offer basic and advance fundamentals of how to predict prices . That's one way of earning and at the same time enhancing your learning.

[lovesmayfamilis]

Any business you start takes practice. If a person does not have money, he will not be able to experience everything on his own. Saying that you need to study Bitcoin for the future someone who has no money upsets him even more. Since he will begin to understand that the current price of Bitcoin if he bought it right away, was more profitable than after he learned everything about it,
Everything must go together. Sometimes we meet hurried people who rush to invest their money, and this is an indicator of greed. The one who earns steadily knows how to manage money, and it is these people who get the best profit, as they consciously put in a lot of money, which ultimately leads to capital gains.

[ultrloa]

Do not walk away from Bitcoin investment because you don't have the money, it's even better not to have money because you will have the patience to learn more about everything, and when the money comes, you will be able to avoid many dramas.

There are people who cannot afford long hours just to earn bitcoin so they usually use their own money to earn profits in return.

But there are people who doesn't have any money to use so most of the time they exert more efforts to gain bitcoins by working multiple jobs they can get on any platform they are. So you cannot say about its good not to have money to invest since its still depends on situation we are facing on.

[hd49728]

I've studied most Bitcoin investors, those who have money to invest are the ones going around looking for someone to teach them how to invest, the first thing they want to learn is how to use the exchange to make purchases using Fiat on the exchange, they are always in hurry, they have no time.

Are you sure all people with capital for investment do the same?

Some are stupid, greed, lazy and do things like you said but some others will do due diligent researches before they are ready to spend capital for investment. They are intelligent investors.

Those who don't have money, have all the time to keep learning and reading stuff online about Bitcoin and the crypto space, they have no reason to be in any hurry and it seems they are the ones that avoid the unnecessary dramas in the crypto space because they took their time to learn first.

They are not all smart people but when they don't have money, they have to work and learn to get bitcoin from their works or use salary to buy bitcoin.

However, they can be the same like stupid investors who initially have capital. After getting money from salary, they might be in hurry with investment and can change from investment to trading. If they end with Leverage or Futures tradings, no happy result and ending for them.

Reminder: do not keep your money in online accounts

[Latviand]

That's wrong, not everyone who have money are like that, I'm sure of it because we have bitcoin millionaires and not to mention learning is different for each individual, some people don't want to learn because they think already have some level of understanding on how bitcoin works and they see a semblance of it from their other investments so they skip ahead while there are others that wants to learn, I think that this is the better distinction when it comes to two types of bitcoin investor, those who want to learn and those who don't want to.

[yudi09]

I've studied most Bitcoin investors, those who have money to invest are the ones going around looking for someone to teach them how to invest, the first thing they want to learn is how to use the exchange to make purchases using Fiat on the exchange, they are always in hurry, they have no time.

-snip-

In many circumstances there is not always that type of person.
People are very difficult to entrust their money to be handed over to those who have knowledge about investments that are completely absent from the owner of the money.
What you say is not that it doesn't exist and doesn't ever happen in each of our environments, but they prefer to be taught at a glance and then they will practice it themselves with small amounts with the perception when they fail not in large numbers.

When people who have a lot of money and are able to invest in Bitcoin ^{[basic knowledge such as how to buy and store investment assets safely]}, then those who do not have much time will choose long-term investments.

Money (capital) and knowledge are two things that need each other in all matters, including in business.
The important thing is the desire to be able to master the desired field is strong in him.

[Pandorak]

That's wrong, not everyone who have money are like that, I'm sure of it because we have bitcoin millionaires and not to mention learning is different for each individual, some people don't want to learn because they think already have some level of understanding on how bitcoin works and they see a semblance of it from their other investments so they skip ahead while there are others that wants to learn, I think that this is the better distinction when it comes to two types of bitcoin investor, those who want to learn and those who don't want to.

That's wrong but on the other side it's right too, don't equate bitcoin millionaires with the people OP used as his observational sample. I agree with you that this is just about people wanting to learn and not.

Referring to the 2 conditions described by the OP, i think it's better not to have money first before actually investing in bitcoin. Try to imagine, if you have the money to invest in bitcoin (without knowing anything there), but at the same time the bitcoin hype is at its peak, do you have time to do more research? of course you will be afraid to miss the hype. So, i really agree with the important point stated by the OP that it is actually better not to have money first, so that we are not in a hurry and have a lot of free time to learn about bitcoin itself.

[bots1]

There may be a point, in that someone who is penniless might have more time to study and learn about Bitcoin and the exchange as a whole. So there is no rush to make investment decisions and have the opportunity to avoid the drama that sometimes occurs in the crypto market.

In any investment, solid knowledge of the assets to be invested is essential. Therefore, if someone has the investment skills and is prepared to deal with the associated risks, they may be better prepared to take the appropriate step in considering allocating some of their funds into Bitcoin.

[FrozenBit]

I've studied most Bitcoin investors,(...)

I don't know how many people I've researched, or simply people you've met or heard about in different mediums, but I don't think human investment will be exactly the same, right from the start. in thinking the knowledge element has classified a hierarchy, or you can also mix things where rich people lack knowledge or poor people have a lot of knowledge, and people are both rich and knowledgeable and vice versa. The point is that investment behavior is based on elements of knowing them and then coming to specific experiences, to give us desires and goals. Just like a story that reminds me of buddhist monks, they don't know about bitcoin but they have a life and wisdom that is superior to the majority, but if we haven't lived like that, the Life operates like a game with all sorts of pitfalls that arise when given the opportunity to choose whether to participate or refuse is already a decision that has a lot to say.

[Rupok]

Investing in Bitcoin requires a steady attitude.  Because there are so many people in cryptocurrency only those who want to make quick money will venture into bitcoin investment and be interested in making a profit.It is possible to get rich easily in the crypto space, but it requires a sufficient amount of knowledge.  To use digital currencies, they must have the knowledge to manage their access.  Those who are short on time will opt for long-term investments.You can't make good profit in Cryptocurrency with just money it requires knowledge nothing is possible without knowledge.  Any business we do requires practice.

[Plaguedeath]

Those who don't have money, have all the time to keep learning and reading stuff online about Bitcoin and the crypto space, they have no reason to be in any hurry and it seems they are the ones that avoid the unnecessary dramas in the crypto space because they took their time to learn first.

Those who don't have money will forget about Bitcoin because they don't have any money to invest in the first place.

Those who don't have money will trying to earn free Bitcoin through Bitcoin faucets, join scam bounties, trade their KYC to earn crypto, sign up on various centralized exchange which have challenge to earn crypto etc.

I don't believe they will learn and read many stuff about Bitcoin, most people will not want to learn something that they will not able to earn.

[Renampun]

I've studied most Bitcoin investors, those who have money to invest are the ones going around looking for someone to teach them how to invest, the first thing they want to learn is how to use the exchange to make purchases using Fiat on the exchange, they are always in hurry, they have no time.

Those who don't have money, have all the time to keep learning and reading stuff online about Bitcoin and the crypto space, they have no reason to be in any hurry and it seems they are the ones that avoid the unnecessary dramas in the crypto space because they took their time to learn first.

Do not walk away from Bitcoin investment because you don't have the money, it's even better not to have money because you will have the patience to learn more about everything, and when the money comes, you will be able to avoid many dramas.

I don't really agree with what you said, because it will be quite difficult for someone to be able to profit from the crypto market using knowledge alone, experience and money are also needed. Moreover, the crypto market is quite difficult to learn, due to volatility and various other factors. knowledge alone will not be enough to be able to face this market, that's why it's important for someone to be able to prepare their capital to invest in bitcoin, it doesn't need to be too big, someone can just start investing with small capital.

so in my opinion between knowledge and money on Bitcoin investment is important. these things must be balanced, so that someone can achieve consistent profit from Bitcoin investment.

[noorman0]

Took me a few minutes to understand the gist of the OP. If you have no money, it represents a complicated financial situation for an uncertain time. Maybe what you learn about investing is not useful for yourself, and it is dangerous to teach others before you get into it yourself.

Not that I'm preventing you from learning early, nor do I know at which stage you'll be ready to put your money in. Learning how bitcoin works is also a form of knowledge investment that should come before real money.

[Bananington]

Everyone has the way they learn. If there is more accessible funds how do you think the rate of learning would be?
It's still the interest that counts. Some got to know about Bitcoin and the opportunity it can offer while they were broke and pennyless. Others learnt how to when they had the cash, and could pay the best brokers.
The one who even learnt while pennyless may have a hard time even making profits for a long time, should he/she stumble upon cash and try to invest in Bitcoin.

The risk takers are the ones who actually profit from Bitcoin trading. Irrespective of broke or rich.