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Author Topic: can Bitcoin provide food for our table  (Read 1070 times)
DapanasFruit
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August 08, 2023, 04:04:53 AM
 #21



Since Bitcoin is an investment and trading vehicle, anybody can be making good money out of it and with money we can all buy  or put food on the table for ourselves and our families, for that matter. However, there is always a learning curve with anything much more so on trading and investing...but with the help of many tools already available and with some needed time and patience one can be pro on this. Right now, BTC is already recognized as one of the most popular traded item on the market and it will be so for many years to come as its influence will be growing on a global scale - gone are the days when it was belittled and even laughed at because today even big financial institutions are also looking at with a big smile for profits.

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August 08, 2023, 02:15:36 PM
 #22

Well it depends to be honest. Unless you are making it a full time job for you to trade and invest (or any job that revolves btc) then no, it wouldn't be a stable source of income to provide food for the family. Personally, I don't rely on Bitcoin for regular bills and fees like that because Bitcoin can be unstable, having an actual job is still a better option for me. But again, it depends.

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August 08, 2023, 02:21:41 PM
 #23

Nothing is for free, you need to give Bitcoin something back in return before it can bring food on your table, you can't just hope for Bitcoin to do something if you are not a Bitcoin miner or trader or investor.

I'm going to say the truth, crypto is capable of bringing food to your table, I could remember when I was stacking a coin that brings me 5 percent per month, I was one of the early buyers so I got my hands on the coin for cheap price before many others, I enjoyed the reward for eight months before it started to go down as more people are stacking and the coin is also losing value.

If you are also creative online you can make a living out of anything crypto, many builders and developers are making life-changing money by helping projects to build, this is why skills development is very important for the technology future ahead.

Learn a skill.
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August 08, 2023, 02:34:56 PM
 #24

You need to have money to buy Bitcoin, there's no guarantee of either trading or investing will make you earn profit.

Yeah you can get Bitcoin freely through faucet, but you need to spend a lot time to claim it and not worth. If you're in not good financially, I'd say better for you to learn something that you can make money by offering your skill like design, writing or online advertising.

R


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August 08, 2023, 03:22:04 PM
 #25

At first I want to use this medium to introduce myself, I'm a Smartgoat and I have being studying the futuristic of Bitcoin and finally I have developed a hundred percent love to Bitcoin.

I have be wondering why people are queuing up in Bitcoin, then I began to ask if Bitcoin can make provision of food in our table. Because many people I know testify of Bitcoin and after I made my research concerning Bitcoin, I found out why people are comfortably investing in Bitcoin, is because it's a decentralized currency. then I have to come with the idea that Bitcoin can make availability of food in our table when we learn and understand the basic things of Bitcoin especially understand trading and long term investment of Bitcoin.
I think with trading they will be a provision of food in our table, when we understand the rules and regulations of Bitcoin, I don't know if this my concept can make a provision of food through Bitcoin. But I'm well convinced that with this my views over Bitcoin investment and trading it will provide or sustain human, if profit are been made. I know that Bitcoin should not be dependent on, and we suppose to make Bitcoin our side hustle but with seriousness on Bitcoin investment and trading, we can achieve a success.
You're talking about the reasons behind investing into Bitcoin, but IMO, if a person is investing, the food is (or, at least, should be) definitely on the table, and it's not a matter of covering basic needs. So, can Bitcoin investment improve one's financial situation? Somewhat, yeah. Can it reduce poverty, let alone solve it? No, I don't think so.
A person can earn BTC and that can be a big financial factor, possibly the 'food on the table' part. But it's not Bitcoin alone, it's also about the job. And as for trading, it can work for some people, but also ruin the lives of others.

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August 08, 2023, 03:27:24 PM
 #26

I really think your statement is not complete OP. When you say bitcoin puts food on our table, you should categorically state the measures through which bitcoin puts food because there are lots of activities one can get engaged him or herself with to get food on their table through bitcoin.
You can buy bitcoin and use it to buy or exchange for food items which is commendable. You can trade bitcoin to get more profit which you can also use to buy or exchange for food items. You can also work for it ie work to earn bitcoin as a pay for your service rendered.  Typical example is this platform where people do some jobs here such as article writing, community moderation and management, web design etc which they are being paid in bitcoin and after which they can decide whatever they want to do with their bitcoin while some buy food just as you have said.
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August 08, 2023, 03:38:40 PM
 #27

Haha, seems like from an angle Op wants to see Bitcoin as the Money Making Aladin's (Jinnn) (Local Terminology). Haha, Op wants BTC to earn a living for him and it's possible but two rides, one is Trading requires Investment, trading skills, and some other rough stuff. On the second ride, OP just needs to regularly Accumlate BTC and it will be the golden magical Hen for him after some years.

The secondary view is the BTC as payment mode as OP wants his Pizaa to be delivered as fast as lightning network haha. Op wants to enjoy his hot meal and easy mode to pay directly in what he loves to avoid the fiat and all the shit transfers (In Op's view by my words) 

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August 08, 2023, 03:46:30 PM
 #28

after going through my research about Bitcoin, I can confidently say that, Bitcoin can provide food on our table. when you exchange Bitcoin to buy a particular thing, like food, house, or a drink. it means that, Bitcoin has provided it for you.

Good thing that you are researching but make sure that sources are reliable. You could only provide food on the table using Bitcoin only if you are gonna invest or trade so if you are not holding any Bitcoin it can't provide your needs. So you'll have to invest first put some funds for you to own Bitcoin then when you profit from it's value then you can convert it to fiat money to provide all of your needs such as foods. If your country are open to Bitcoin transactions well you could try it to avoid the hassle of converting. But we all know the potential of Bitcoin than fiat so if would be better to using fiat than Bitcoin in transactions. My point is you'll have to work for it first so you could invest and trade, like having source of income for you to have investment. As you said that "Bitcoin should be a sideline hustle" you still need to find a stable income than relying on Bitcoin for your needs.

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August 08, 2023, 03:55:42 PM
 #29

I think OP is right because bitcoin can put food on the table for anybody who deems it  fit to do so for them. If one can exchange food with bitcoin through a vendor, then one can boldly say that they have food on their table courtesy of bitcoin they had use for the task. Either way, one can also work for it just as other posters have said too.If one does   work for it, then one can be able to use it for food purchase as log as their is vendor ready to accept bitcoin as a legal tender.

Aside that, trading too involves buying and selling so if that is the case, one can trade on bitcoin and other commodity to or otherwise to earn an income this income be it in bitcoin or others can provide food for family consumption and lots more.
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August 08, 2023, 04:01:01 PM
 #30

Yes because it has the same ability as traditional money and there are still lots of opportunities to earn bitcoins from trading and investing when the price is low for the long term. Some other people that I heard stories were of the early investors of bitcoins that have a happy ending because they ended up buying their dream houses and cars. These people are luckiest when it comes to the investment of bitcoins that's why others that are still in doubt are always regretting their decision not to join the early investors that are living their dream life today.

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August 08, 2023, 04:08:28 PM
 #31

Bitcoin is really putting food on your table, as you can see from the price, and again, based on your research, lots of people are investing in it because they can earn money from it. But you've just been talking about making a profit on it. I mean, the way you explain Bitcoin is that you have doubts about how to earn profit from it, and how would you be able to put food on your table. Try to learn more about Bitcoin or Crypto, and over time you'll discover methods of earning it, just don't do it hastily because you'll end up getting scammed by people.
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August 08, 2023, 04:19:45 PM
 #32

it's not Bitcoin that provides food to our table, but our efforts to invest and manage Bitcoin to generate profit which we can use to buy food or other things. so our knowledge and our experience in trading/investing is an important value to be able to provide profit which can prosper us.

because many people have the misconception that Bitcoin is the key to being able to change their life, even though it's not that simple. they need to learn trading/investing, financial management, in-depth market analysis, and sometimes luck to be able to make a profit.

it's not just as simple as buying Bitcoin and then they'll get profit, that's not how it works. they need to learn and be sure from their decisions and from that experience they can get better and maybe be able to get profit from investing/trading Bitcoin.

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August 08, 2023, 04:25:36 PM
 #33

after going through my research about Bitcoin, I can confidently say that, Bitcoin can provide food on our table. when you exchange Bitcoin to buy a particular thing, like food, house, or a drink. it means that, Bitcoin has provided it for you.

Many people have different perspectives regarding the coins. Some treat it as a currency while some use it as an asset. Some spend it, while some store it. Now the context that you are seeking comes under the category that Bitcoin should be used as a currency. Yes you can buy foods by paying through Bitcoins, if that’s what you are asking or curious about. Not only food but also many things you can purchase through Bitcoins. You can also convert Bitcoins into cash, and use the cash to buy anything that is on sale.

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August 09, 2023, 02:56:49 AM
 #34

At first I want to use this medium to introduce myself, I'm a Smartgoat and I have being studying the futuristic of Bitcoin and finally I have developed a hundred percent love to Bitcoin.
You are welcome to the forum. I hope you have gone through the rules of the forum because this community has dos and don'ts. Breaking these rules attracts sanctions. Most of these rules are the pinned posts at the top of each board. Ignorance of these rules is not an excuse when you will face sanctions. I don't understand what you mean by the futuristic of Bitcoin. Do you mean that you are studying the future of Bitcoin. Can you help throw more light on how you are studying it?

Quote
I think with trading they will be a provision of food in our table, when we understand the rules and regulations of Bitcoin, I don't know if this my concept can make a provision of food through Bitcoin. But I'm well convinced that with this my views over Bitcoin investment and trading it will provide or sustain human, if profit are been made. I know that Bitcoin should not be dependent on, and we suppose to make Bitcoin our side hustle but with seriousness on Bitcoin investment and trading, we can achieve a success.
You seem to be mixing up things here. But like you rightly said, people are attracted to Bitcoin because it is a decentralized currency. It is also true that people can make a profit from trading and holding Bitcoin. But you should also note that trading requires some skills to be successful. You must understand how trading works before engaging in it. Bitcoin can also be profitable if you keep it and sell it after a long time. But there is no certainty that Bitcoin can provide for your daily needs because the market has some level of risk.
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August 09, 2023, 06:01:00 AM
 #35

Quote
I think with trading they will be a provision of food in our table, when we understand the rules and regulations of Bitcoin, I don't know if this my concept can make a provision of food through Bitcoin. But I'm well convinced that with this my views over Bitcoin investment and trading it will provide or sustain human, if profit are been made. I know that Bitcoin should not be dependent on, and we suppose to make Bitcoin our side hustle but with seriousness on Bitcoin investment and trading, we can achieve a success.

I don't know what exactly are you trying to ask here. Try to improve your English. Did you use Google Translate for this post?
Bitcoin in itself cannot provide food for your table. You have to get a job. Relying to cryptocurrency trading to provide consistent income in order for you to have food on the table is also very risky. More than 80% of all cryptocurrency traders end up losing their capital.
You have to know that Bitcoin isn't some magical solution to every problem in the world. Bitcoin is just a financial asset, that has it's pros and cons.

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August 09, 2023, 06:27:20 AM
 #36

I think your idea of ​​using Bitcoin to put food on the table is a good one. Bitcoin is a decentralized currency, which means it is not subject to government control or inflation. That's why it makes it a great store of value and can be used for free international payments as well.

If you can learn how to trade Bitcoin properly (99% of traders are NOT profitable), you can earn profits that you can use to buy food. Or, you can just invest in bitcoin for the long term, and just patiently wait for the value to increase over time.

Of course, Bitcoin is not a guaranteed way to make money. There is always a risk of losing money when trading or investing in Bitcoin. However, if you’re willing to take the risk, I think it’s a good investment that can put food on the table for you and your family.
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August 09, 2023, 06:47:12 AM
 #37

I agree 100 percent with the Op, most especially for the fact that he didn't just base his claim on just investing in bitcoin, but going further to elaborate that learning to trade bitcoin does have the capability of putting food on the table, personally myself, i have many of my friends who are not on this forum, and have no other source of income aside trading bitcoin and other cryptocurrencies, both spot, futures, P2P, in what ever type or arm of the market an opportunity to make profit is found, and this guys are living very comfortably even with families and children going to school, so yeah, studying bitcoin, investing for long term profit, and most importantly, learning to trade the market, and becoming a professional bitcoin trader for daily or short term profit, will for sure put food on the table for anyone that is very committed to it.

I began to ask if Bitcoin can make provision of food in our table
Bitcoin is Bitcoin and it provides Bitcoin blockchain, its bitcoin and borderless Bitcoin on-chain transactions for everyone who use it.

That's all it provides. It does not provide food, water, whatsoever. You must exchange Bitcoin to those things or exchange it to cash then use cash to buy those things.
Cut the OP some slack bud  Grin, don't act like you don't understand the point he's trying to make, I believe you did not read only the part of his post you quoted and replied to.

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August 09, 2023, 07:02:57 AM
 #38

If you can make money out of something, then you're technically able to put food on the table. No deeper stuff to this OP, if you can sell bitcoin for cash or you can buy food using bitcoin, then that should answer your question.
Well it depends to be honest. Unless you are making it a full time job for you to trade and invest (or any job that revolves btc) then no, it wouldn't be a stable source of income to provide food for the family. Personally, I don't rely on Bitcoin for regular bills and fees like that because Bitcoin can be unstable, having an actual job is still a better option for me. But again, it depends.
I doesn't depend if we think about it in terms of inherent value, no matter what you do with bitcoin, at the end of the day it still has a monetary value and that value can be used to buy food so the absolute answer is that bitcoin can provide food on the table, it's a matter of situation you're talking about and I think it's answering a different question.



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August 09, 2023, 07:14:15 AM
 #39

15 years ago, i had this America dream, big house, big cars... they are all dream base on my passion then.

Today, i no longer misuse my passion.
These are some of the silly things i did out of ignorance;

- Streaming LIVE soccer video's with my colleagues from nederland on youtube & other platforms for quick cash.

- Selling copyrighted digital items on ebay...
- selling craight Pva's ( very hot biz back in 2015)


Did we made money? Yes but, since were unable to wait patiently, invest our skills, talent in the right direction. We ran out of cash when these big guyz start coming after us. (Fifa,youtube....)

Today, i know better.  Bitcoin on his own cannot put food on the table for you but, it's rewarding when you patiently learn how to trade,buy,sell..on reputable platform(s) like this forum.not some get》rich》scheme!

Note: For the main time, i'll suggest you improve your ability to write in english language which is essential to the success of online trading. Bitcoin has so many complex terminologies.


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August 09, 2023, 07:59:07 AM
 #40

People are queuing up in bitcoin, as you put it, not because of the decentralized nature of this currency, but because of the speculative nature of this currency. Most are interested in how much they can sell bitcoin for in the future, in the near or far (trading or holding). Decentralization is of interest to fewer investors than speculation.

Another magical expectation of a miracle from bitcoin? Bitcoin not David Copperfield to work magic and provide food on your table. Bitcoin is only an investment instrument in the current realities, and not even a digital currency, because the use of btcoin in this capacity is incomparably less than an investment (speculative) instrument. The food on your table you have to provide yourself. With bitcoin or not, it's your choice.

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