Having no money to invest in Bitcoin is even better

[Vaculin]

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.

This is true for those rich people who are investing blindly, meaning they invest without sufficient knowledge that will teach them how to act the right way when investing bitcoin. However, for those who keep valuing their money, every centavo of it counts so expect that they will never invest without making intensive research at first. While losses are inevitable, at least they know how to combat them with working strategies and skills in the market.

[CryptSafe]

There are people whose attitude is that when they want there is a way and when they don't want there are many reasons. Only these two people will always fall if we have something we want to share with them.

And there's a lot of that here in the Bitcoin community, and it's true what you said that most people who don't have enough money have more time than those who have enough money here in the crypto space that we're in.

Nah. Just because those people don't show themselves around social media does not mean they don't have time. There are plenty of rich ladies and gentleman around the internet that could be reading our comments right now and they won't bother to respond to any of our replies.

It's just not everything you see around the internet is really true.

How did you conduct your study to come up with this? It would have been fair if you use "some" instead of "most" in your statement. By the way, how do you feel learning without practical? Discourage I guess.

No sane human will invest and ignore to follow up unless the money invested is not much. It makes more sense when you're learning, you should have money to invest as well in order to see the practical aspects of what you're learning else you'll find it difficult to continue learning in the long run. Your learning will be in vain if after all the efforts, you have no money to invest.

I'm not saying you should not learn if you don't have the money thou but have money to invest and learning at the same time will trigger you to learn more since you won't be happy to lose your money.

It could be just a rough observation with immediate conclusion, I suppose. It's kinda hard to conduct any crypto related study around the globe as there are surely an inactive users.

There's no such thing as too bisy to study things especially something which would generate profit. We can all make time for sure but they just choose not to.

This made me remember my early days of bitcoin and bitcointalk platform. You see, curiosity drives someone to learning and having knowledge about something which they deem fit in knowing and having interest in. Anybody with passion and zeal for something would never have an excuse as a reason for not achieving what they want to no matter the situation and circumstances surrounding them.
I think it is lousiness that makes people give excuses  and not give time to what they have interest in doing not to talk of when it has to do with generating funds.
I  always tell people around me to always have that curiosity mindset because that is the drive to learning more about anything they desire to know about in life.

[Ojima-ojo]

This may be true and acceptable to many who lack the necessary funds to buy Bitcoin directly and choose to keep learning about the technology and its embedded concepts, and risk assessment when it comes to investing in Bitcoin,  meanwhile, those with capital ready to invest may miss some vital role and information as regards to bitcoin and even go as far as missing bitcoin with some scheme that may end up scamming them of the capital.


So to a great extent, not having money may be helpful to a newbie if they invest the time in learning about Bitcoin and how to avoid getting scammed by securing both their wallet and assets.

[Obari]

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.

Wow
If I've gained nothing from bitcointalk.org, I've earned to accept the fact that just as out faces are different,  so are our thoughts and sense of reason.
I believe some other members  have told you about me creating a thread with a completely  opposite idea where I talked about having money to back up ones knowledge as having knowledge without money to invest is of no use as people with knowledge  without money to invest will definitely miss out from everything bitcoin has to offer at that point in time.

What truly is the essence of having knowledge  without having  any money to invest in the industry?
Just as a wide thought because for instance, someone who has the money with a minimal knowledge  about bitcoin and possibly  buys about 1 bitcoin at the current market price and maybe in one year to about 3 years, the price rises to an all time high of about 70k dollars which means that the investor should be making about twice of his investments and a crypto knowledge guru who has all the knowledge  but barely has any money to buy  or doesn't have any money to buy at all, wouldn't such a person miss out of all bitcoin  has to offer?

And if you're to choose which you'll  be, which will you chose to be, the investor with the basic knowledge  of buying low and selling high and a knowledge  guru who has all the knowledge  and has no money to invest?
Please I will appreciate  a sincere answer.

[Merit.s]

It's true,someone without money will have time to learn about bitcoin because he has plans towards buying someday so that he wouldn't make any mistake that will make him run at loss. On the other hand someone who has the money to invest will also learn about his investment after buying to understand more how it works. But I will say that someone who already has bitcoin and is learning at the same time will have more knowledge than someone who is only learning. Anybody who rush into a business without knowing the risks involved will end up at great loss. If you want to grow in your investment you must learn it proper so that you can be successful in it.

[FanEagle]

When an investor has money he rushes to trade on various exchanges. But it is never a good sign to rush before investing. A wise person would never be interested in investing without knowing about cryptocurrency. There are people who invest their money and try to get rich very quickly but they have no patience. Basically such people invest impatiently and later suffer losses and collapse. But those who don't have money to invest will never be impatient but be patient and take detailed education about the market. And they will invest when they get full knowledge then skill full and they have money. And such a person will never lose his money by investing but will be successful in future. So I think it's right to be patient when not having knowledge about crypto is better than not having money.

That's not the point, either having money or not having money changes the approach to investing. If you have none, then you would have to increase the amount of income you have and in the crypto world you can do that a lot better. I know a lot of people are not sure about it but we need to make sure that we can do something like that if we do not have the money for it.

There are tons of people who haven't really decided on anything just yet, but I believe that we could probably make a lot of profit when it comes down to bitcoin. I think expertise just brings better investment results, but even a novice could make a profit by working, increasing the income is not just by trading, you can do a lot more stuff for that as well.

[jostorres]

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.

Mostly, newbies who have heard things in the wrong way from people will be that way, they believe that cryptocurrency is a way to get rich quickly, and as soon as you invest your money, you will start getting profits right after it while that is not true, such kind of people will always be in a hurry to invest without learning anything about the market and cryptocurrencies and how everything works, they tend to be too eager to just buy and get profits.

But, there are also people who don't do this, even if they have their capital at hand and can invest any time, they will take their time to learn everything first before they get involved, and these are the kind of people who get success in everything they do because they value knowledge and experience.

[komisariatku]

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.

I'm not sure about your statement. I think most people will consider investing when they have enough money to invest. And most people who don't have money don't think about investing. If you have a lot of money and are confused about where to invest your money, yes, you need an expert consultant. And is an expert consultant a penniless person? They have experience in investing, I believe an investment consultant has a lot of money. Otherwise, who would believe a poor investment consultant? That is a sign that their investment failed

So in my opinion it's not enough if your goal is to become an investor but you just sit back and read a book. Learning is not always by reading books, you work, try small investments, go bankrupt, get up again, invest again, until finally successful. It's been a long journey. No one can become a successful investor by reading a book and sitting pretty while enjoying hot tea

[KiaKia]

Not for everyone, some people believe that investment is their way out of poverty and all they do is find ways to make money so that they can invest in crypto, while some believe that there should be a another way to make money free without investing a dime, see, we all end up becoming what we believe in, some people believe that it's impossible to make money without having money for investment or business first.

Some believe it's a slower process and there is a chance you won't come out with any significant changes, even those around us tend to give advice based on their beliefs, but in the end what you believe in is what you will get.

Right now free money in crypto space only come from testnet and a few airdrops, majority of new projects don't give free tokens anymore, the last one was Arbitrum and SUI failed to do the same, so mamy disappointment will occur soon, so yea money is a bigger part to make more money in crypto now.

[Olubetty88]

I think you're wrong, if I may asked what's the essence of having full knowledge of Bitcoin without investing in what you have knowledge of? I think this is what they called waste of talent, most beneficiaries of Bitcoin are the investors. A lot of friends surrounded me who had made huge amount from Bitcoin without the full knowledge of it, their main goal is to invest and make profit and they have hugely made it form Bitcoin with a little knowledge compared to me who have the deep knowledge but couldn't invest, what's my gain!

[CryptSafe]

It's true,someone without money will have time to learn about bitcoin because he has plans towards buying someday so that he wouldn't make any mistake that will make him run at loss. On the other hand someone who has the money to invest will also learn about his investment after buying to understand more how it works. But I will say that someone who already has bitcoin and is learning at the same time will have more knowledge than someone who is only learning. Anybody who rush into a business without knowing the risks involved will end up at great loss. If you want to grow in your investment you must learn it proper so that you can be successful in it.

You have said it all mate. If you must go into a business, you must have a proper knowledge of what you are about going into so as to be on the safe side of not making mistakes.  Knowledge is powerful and as such one must be educated on what ever they deemed fit going into to improve their ideology.

Nevertheless, a person without money is always eager to make the money and that alone arouses their desire to seek for knowledge and that knowledge gained will aid them in making the money the longer for. So therefore, having no money triggers the desire of one to learn in other to make money and lead a good life.

[Wend]

So to a great extent, not having money may be helpful to a newbie if they invest the time in learning about Bitcoin and how to avoid getting scammed by securing both their wallet and assets.

This is definitely better than rushing to invest without knowledge. But my question is, newbies with no money serious and motivated to learn about bitcoin? I doubt many people will do that because when you don't have money and what you need to do is make money and not focus on something that isn't necessary at the time. As experienced investors, we will be aware of that, but as newbies, I don't think they will have that mindset.

[letteredhub]

OP this in some way makes sense the availability of money could pose as a distraction to learning first, but having no money within the first periods of knowing about bitcoin would really be helpful in making the person focus about the knowledge of bitcoin compared to when having the money available as it could lead to a divided interest of wanting to trade and invest or learning first.

 But with the absence of the money you're all geared up to learning only, particularly for those that have the luxury to learn about new things to  be able to stand out when they eventually gets to participate.

[GeorgeJohn]

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.

It's obvious that everyone don't have same characters so therefore theirs some people who have money to invest in bitcoin but they never be at hurry, they cool down and microscope the advantage and disadvantages of the investment before venturing into it,  while some people exhibit the exact characters you portray, I really want you to know that bitcoin requires a good time to study the system of cryptocurrency generally or bitcoin before venturing into.

[yohananaomi]

So to a great extent, not having money may be helpful to a newbie if they invest the time in learning about Bitcoin and how to avoid getting scammed by securing both their wallet and assets.

This is definitely better than rushing to invest without knowledge. But my question is, newbies with no money serious and motivated to learn about bitcoin? I doubt many people will do that because when you don't have money and what you need to do is make money and not focus on something that isn't necessary at the time. As experienced investors, we will be aware of that, but as newbies, I don't think they will have that mindset.

learning to know about bitcoin is of course very good so that when you want to join and invest, you already know what to do. so keep trying to learn and don't need to rush to be able to invest as soon as possible without adequate provisions, so you don't get into trouble later.
but I agree with the opinion that everything will be meaningless if you don't have the money to start investing in bitcoin, because it's impossible to make money but you don't have the money to start with. The conclusion is to keep learning and also prepare money to start investing, if you're not ready, wait until you have one.

[Z390]

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.

Still not entirely true, I have been in crypto space since 2017ish and I still make some investment mistakes till date, I have the money but it's another thing entirely when doing research, some vital points or information can still be missed, have you ever try to learn something and it's unclear to you for a while but after several revisiting the same pages you become to understand better? This is how cunning crypto investment can be at times, if you have the money you can do research and invest but miss some parts, if you don't, you can still always revisit for fun and things could be more clearer.

[m2017]

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.

It's obvious that everyone don't have same characters so therefore theirs some people who have money to invest in bitcoin but they never be at hurry, they cool down and microscope the advantage and disadvantages of the investment before venturing into it,  while some people exhibit the exact characters you portray, I really want you to know that bitcoin requires a good time to study the system of cryptocurrency generally or bitcoin before venturing into.

Of course, people have different characters and behaviors, but sometimes, many begin to act spontaneously and not deliberately under the influence of external factors. Recall, at least, the hype of 2017, when only the lazy didn't buy cryptocurrencies. A lot of people, including me, practically didn't study the projects, didn't delve into all the subtleties and details, which led to losses. Many projects either disappeared or never returned to those indicators. Why am I saying this? And then, that not everything is so simple and that bitcoin turned out to be not the worst solution (when compared with other cryptocurrencies) for spontaneous investments.

If mention OP's post, then it would be most correct to say the following. If you have money, then invest in btc (having learned the basics first, but in general, it has a fairly low entry threshold and doesn't require extraordinary knowledge and skills). If not, learn more about bitcoin /cryptocurrencies and when you are financially and mentally ready, then invest.

[Blitzboy]

`

Of course, people have different characters and behaviors, but sometimes, many begin to act spontaneously and not deliberately under the influence of external factors. Recall, at least, the hype of 2017, when only the lazy didn't buy cryptocurrencies. A lot of people, including me, practically didn't study the projects, didn't delve into all the subtleties and details, which led to losses. Many projects either disappeared or never returned to those indicators. Why am I saying this? And then, that not everything is so simple and that bitcoin turned out to be not the worst solution (when compared with other cryptocurrencies) for spontaneous investments.

If mention OP's post, then it would be most correct to say the following. If you have money, then invest in btc (having learned the basics first, but in general, it has a fairly low entry threshold and doesn't require extraordinary knowledge and skills). If not, learn more about bitcoin /cryptocurrencies and when you are financially and mentally ready, then invest.

While the sentiment that people acted spontaneously during the 2017 crypto-hype is accurate, I argue that it wasnt simply a lack of knowledge that led to their losses. In fact, the issue was more fundamental: it was a failure to recognize the speculative nature of the market.

Bitcoin or any other cryptocurrency should never be seen as a shortcut to wealth, but as a tool for disrupting traditional financial systems. I agree with your advice of learning the basics before investing, yet I push it a step further. Learn not only the basics of Bitcoin but the entire philosophy of decentralization and how it challenges the existing systems.

Regarding Bitcoin being the 'safest' option for spontaneous investments, I remain skeptical. Even Bitcoin is subjected to significant price volatility and its 'safety' is subjective to the risk tolerance of the individual investor. Bitcoin is more than just a safe investment; it's a bold stand against the existing system.

[AicecreaME]

I disagree.

Not all Bitcoin investors are newbies, and not all of the newbies that want to invest their money in Bitcoin are not always in the hurry, it depends on a certain person I guess. Having no money and just studying what Bitcoin truly is will just make you miss opportunities in investing, and that will become one of your regrets in the long run. So having money is an advantage, because you can invest whenever you want in cryptocurrency.

[RockBell]

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.

In addition to having money to invest, if you want your standing among investors to remain intact you still need a quality education on bitcoin. Since investing in Bitcoin includes several procedures, learning is a requirement for success otherwise, you risk losing a lot of money, suffering emotionally, and quitting.

Making a purchase is one of the simplest aspects of Bitcoin, which is why some people struggle to grasp its fundamentals. Sometimes, however, learning something the hard way is the best option, as trading can cause you to lose all of your assets. People are investing in Bitcoin on a daily basis, and if you look at the percentage of investors over time, it has risen and is still rising. You should introduce this to people and also encourage them to do their research.