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Author Topic: can Bitcoin provide food for our table  (Read 1070 times)
rikybrosh
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September 12, 2023, 08:06:04 AM
 #161

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.
have you read my post? https://bitcointalk.org/index.php?topic=5462428.msg62662533#msg62662533 . did you bought it? if you did i think it will be better if you hold it until october or when it reach $0.33. but if you decide to only choose BTC to provide food for your table then it is also good and safer.

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September 12, 2023, 09:51:42 AM
 #162

Of course Bitcoin can put food on your table because Bitcoin is a valuable coin.  Now various restaurants are accepting payment for food through Bitcoin and in the future it will expand even more when Bitcoin like paypal, bank card will become a common international payment method and it will be possible to pay in all cases through Bitcoin.  Where Laszlo was able to buy pizza with Bitcoin 13 years ago, why can't we now think that Bitcoin is able to deliver food to our table?

If what you are saying is bitcoin becoming a popular payment method or currency, I would be skeptical about it. I know that bitcoin was created by Satoshi to be a peer-to-peer currency, but for it to become a universal currency that everyone can use is not for us to decide. It will all depend on the government's decision and I do not believe that they will accept bitcoin as a currency.

But if we talk about the other side, using bitcoin to make money and enable us to feed ourselves, that is already happening. Through investing in bitcoin, many people can not only feed themselves, but also completely change their lives.

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September 12, 2023, 10:34:18 AM
 #163

Bitcoin is essentially a virtual currency and bitcoin can put food on our table but it will take a long time. Many countries around the world have not legalized bitcoin and will depend on the government if the government wants, the current monetary system or the way you earn in fiat currency. It means people earn money by doing jobs, earn money by doing business. In the same way you can exchange bitcoins for money. But I think bitcoin is safe currency to invest. One of the benefits of investing in bitcoin is that the investor can profit when the price of bitcoin is high.

R


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September 12, 2023, 10:43:39 AM
 #164

Of course Bitcoin can put food on your table because Bitcoin is a valuable coin.  Now various restaurants are accepting payment for food through Bitcoin and in the future it will expand even more when Bitcoin like paypal, bank card will become a common international payment method and it will be possible to pay in all cases through Bitcoin.  Where Laszlo was able to buy pizza with Bitcoin 13 years ago, why can't we now think that Bitcoin is able to deliver food to our table?

I've just realized that the OP's post has a double meaning one is about making a living on it  like earning a profit from Bitcoin and the other is literally about putting food on the table meaning buying food using Bitcoin.

When it comes to stability in earning Bitcoin we can say that it ain't stable. Yes we can earn it by trading, services, and many more ways  but it is not the same stable as when we are working in the office or have a full-time job unless you have got paid via Bitcoin. If we are just relying on trading or other forms of earning there are times that you won't earn a single penny and that will lead to not being able to purchase your needs. It can really put food on your table, but not on a daily basis.

On the other hand there are a lot of restaurants, shops, and online stores that accept it as a payment method so you can really use it and as the years go by adoption is getting bigger just like now big companies or shops are accepting Bitcoin as their payment method.
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September 12, 2023, 01:52:58 PM
 #165

Apart from investing bitcoin to later make profit from it, bitcoin have been so helpful as a source of income to some people. Their sre some platforms some people work to gain bitcoin and have also seen a bitcoin platform where people read bitcoin articles to gain some amount of Satoshi. Bitcoin can provide food if  only one knows what to do with it to make a living, but replying in bitcoin to make a living from bitcoin by investing is a wrong planning because bitcoin investment is only profitable when it is long-term.
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September 12, 2023, 04:48:30 PM
 #166

If someone is able to pay somewhere with Bitcoin then Bitcoin will definitely put food on his table. For example, Burger King is a food delivery company that accepts Bitcoins, so those who have the opportunity to use Burger King, can eat food by paying food payments through Bitcoins. Thus if Bitcoin could be used to buy all food items then Bitcoin would put food on everyone's table. But not everyone is getting that opportunity yet. But maybe at some point in the future, Bitcoin can be used to make regular purchases like credit cards. But it is difficult to say exactly how long to wait for it. So it can be said that sooner or later Bitcoin is able to put food on everyone's table

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September 12, 2023, 08:21:51 PM
 #167

No one should invest their resources in a single asset but should diversify in multiple ways, bitcoin cannot be a source of income by itself but can become an excellent investment base thinking about the future.  As I have already said elsewhere, I am no longer thinking about the price pegged to the dollar.
I agree. Bitcoin is actually a really good investment but like I won’t put all my money on it. I’d like to share the money that i want to invest in a lot of sources and not just bitcoin. It doesn’t mean that i don’t trust bitcoin or something similar but like It’ll be more safe if split my money into more crypto or just investing some of my money in something else.
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September 12, 2023, 09:16:36 PM
 #168

Laszlo bought 2 pizza over 10,000 bitcoin way back 13 years ago.
So yes, it can provide food if you buy using it, you don't need to think critically over it.
Laszlo was the first person to sell his bitcoins in exchange for food (2Pizzas). The first Bitcoin exchange for food occurred in Bitcoin history and has become one of the most talked about events in history to date. Moreover, in Bitcoin friendly countries where Bitcoin is accepted as legal, food is being ordered from restaurants or shops in exchange for Bitcoin. Moreover, the people of El Salvador, known as Bitcoin City, can buy a variety of daily necessities, including food, in exchange for Bitcoins. It is no surprise then that putting food on the table in exchange for Bitcoin is one of the most important uses of Bitcoin.

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September 12, 2023, 11:46:59 PM
 #169

You are welcomed @ Smartgoat. I want to say this to my own perspective of view where you talked about having a Bitcoin as your side hustles that tends to you having your BTC investment a minority to achieve a greater height.
Hence you clearly stated it a testimony on how people are queueing up to invest on Bitcoin because it is a decentralized currency. The decentralization of Bitcoin doesn't only give Bitcoin investors the confidence to invest more on Bitcoin but because Bitcoin is also innovated for enrichment of making incomes through its trading firms.

And of course talking about if Bitcoin could put food on the table, oh yes indeed. The goal of any manner of businesses is to produce incomes to put foods on the table and ascertain you with the means to solve your financial problems. This is just the potentiality of Bitcoin is innovation.

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September 13, 2023, 05:26:33 AM
 #170

Depends on how your phrase or bringing food to the table translates. Buying groceries directly is a problem but buying giftcards to redeem for Bitcoin is possible. Take those groceries and cook your food to prep the table and Voila you have used Bitcoin to bring food to the table.

If your idea is earning bitcoin as a salary then very few places might pay you such directly but you can buy from your Fiat salary. I am not considering campaign payments as salary as of now.

Still I feel that we are making a progress as more and more people come into crypto and want to spend it, more such avenues of payment will crop up.

R


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September 13, 2023, 05:44:50 AM
 #171

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've heard of how people run around testifying on how successful they've been while investing in Bitcoin but never to forget that they do have bad times in the crypto business, it doesn't just come out green (like gamblers would say, green ticket), but sometimes things doesn't work their way and it takes time for them, I mean investors to get that huge profit.
And to me I'd say yes that Bitcoin have not only put food on the table for many but it have changed the lives of many users in this Forum and some who doesn't have a penny that started using the Forum to learn one or two to start up an investment last year to get something profitable are now living the life they never had, like taking care of their 2-3 children as the case maybe and many more so I'd say with patience Bitcoin can bring so much to the table.

R


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September 13, 2023, 05:52:48 AM
 #172

Bit coin can provide food for us buy investing on it an trading on it as means of exchange, you can buy bit coin an keep them when it rise you sell an purchase any types of item you want to buy.

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September 13, 2023, 06:07:48 AM
 #173

Of course Bitcoin can put food on your table because Bitcoin is a valuable coin.  Now various restaurants are accepting payment for food through Bitcoin and in the future it will expand even more when Bitcoin like paypal, bank card will become a common international payment method and it will be possible to pay in all cases through Bitcoin.  Where Laszlo was able to buy pizza with Bitcoin 13 years ago, why can't we now think that Bitcoin is able to deliver food to our table?

Those bitcoin investors who are wealthy enough will make the use of bitcoin as a source of payment for food but those who save little sum for bitcoin investment will hardly do this as increasing their wealth is their sole purpose.

Laszalo purchased two pizzas by using bitcoin because at that time he was not familiar that how worthy bitcoin is and if he was familiar then I think he would never do this.

It can provide a way of getting food easily as people use it as an earning asset but it is not easy without having brilliant mind and solid experience.
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September 13, 2023, 07:18:04 AM
 #174

If you're trading or investing in Bitcoin, then you can be able to make money to put food on your table. But there are risks involved, you can see that the market is highly volatile, so anything you are doing, you just have to be careful. When it comes to anything investment , there are risks involved.

Yes, by TRADING on BTC we will have the potential to make a profit, so it could be said that investing in BTC can generate profits and we can freely buy food, drinks and so on.

and it is true that we have to be careful and ready to face risks and to be honest, I have also experienced trading losses on BTC, so our really have to be careful when trading on BTC.

That's why many people say that investing in BTC would be better as a side job and the reason is because BTC has a volatile nature.
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September 13, 2023, 08:04:33 AM
 #175

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've heard of how people run around testifying on how successful they've been while investing in Bitcoin but never to forget that they do have bad times in the crypto business, it doesn't just come out green (like gamblers would say, green ticket), but sometimes things doesn't work their way and it takes time for them, I mean investors to get that huge profit.
And to me I'd say yes that Bitcoin have not only put food on the table for many but it have changed the lives of many users in this Forum and some who doesn't have a penny that started using the Forum to learn one or two to start up an investment last year to get something profitable are now living the life they never had, like taking care of their 2-3 children as the case maybe and many more so I'd say with patience Bitcoin can bring so much to the table.
Many people joined Bitcoin to make money. Success stories can overshadow shortcomings, but we must act wisely. A balanced picture of crypto's highs and lows is refreshing. Bitcoin has altered many lives, but a practical strategy requires knowledge of the market, risks, and dangers. Im glad this site has become a secure place for many people to obtain information to make better judgments. People are improving their lives using Bitcoin, especially for their kids. This highlights Bitcoin's potential. Study, insight, and patience are still essential to financial projects. Having these items can be beneficial.

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September 13, 2023, 08:05:58 AM
 #176

Bitcoin has given a lot of food to people who believe in it, in fact, all over the world and even in the present that we have now, and that includes me. Because of every dollar that we earn in Bitcoin, we can exchange it for the currency of our country. A country probably won't accept Bitcoin if its government knows it won't help its economy. But why are there countries like El Salvador that have made it legal currency? Here it is clear that they know that Bitcoin can help anyone who believes in it make a profit in addition to other features that actually exist.

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September 13, 2023, 05:22:19 PM
 #177

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.

The best thing is actually to understand what Bitcoin is all about. Even in terms of investing in Bitcoin, you really know how to afford your expertise, you won't run into any issues because you are well-versed in it.
But if you're genuinely interested in buying Bitcoin, make sure you have enough cash on hand to invest without second-guessing yourself. Additionally, always remember that what appears to be going down will eventually rise, therefore the day will come when you can profit from it.




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September 13, 2023, 06:36:13 PM
 #178

Quote
can Bitcoin provide food for our table
On its own, not possible!

In today's world we live in, to make money you literally need money itself, same thing with Bitcoin...you want bitcoin to work for you to bring food to your table, you need to own it then hodl and get profits off it whenever it gains... otherwise everyone needs to perform some kind of service to get paid in bitcoin just like we get money in real life.

If we expect BTC to be airdropped for doing nothing, then we have a negative perception about cryptocurrencies as a whole!

Bit coin can provide food for us buy investing on it an trading on it as means of exchange, you can buy bit coin an keep them when it rise you sell an purchase any types of item you want to buy.
Well said, which means it isn't any different from any currency out there as we need to work for it...



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stomachgrowls
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September 13, 2023, 06:49:44 PM
 #179

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've heard of how people run around testifying on how successful they've been while investing in Bitcoin but never to forget that they do have bad times in the crypto business, it doesn't just come out green (like gamblers would say, green ticket), but sometimes things doesn't work their way and it takes time for them, I mean investors to get that huge profit.
And to me I'd say yes that Bitcoin have not only put food on the table for many but it have changed the lives of many users in this Forum and some who doesn't have a penny that started using the Forum to learn one or two to start up an investment last year to get something profitable are now living the life they never had, like taking care of their 2-3 children as the case maybe and many more so I'd say with patience Bitcoin can bring so much to the table.
Many people joined Bitcoin to make money. Success stories can overshadow shortcomings, but we must act wisely. A balanced picture of crypto's highs and lows is refreshing. Bitcoin has altered many lives, but a practical strategy requires knowledge of the market, risks, and dangers. Im glad this site has become a secure place for many people to obtain information to make better judgments. People are improving their lives using Bitcoin, especially for their kids. This highlights Bitcoin's potential. Study, insight, and patience are still essential to financial projects. Having these items can be beneficial.
We should really be having that realistic approach on which that Bitcoin isnt an internet magic money that everyone could easily deal with or able to make themselves successful.Of course you would really be needing up

those different things or factors which would really be needing for you to succeed on this area or field. There might be some success stories but we have those failures too.It didnt really jus that get that much attention and this is where most people do really misses out on making up some realizations that it was never been that easy. You would really be needing to be wise when it comes to investment before you could make profits,
you would really be needing to make out some good decisions specially if you are engaging with trading. You should really know on when to get out and when to get in once you do see an opportunity.

Bitcoin could really provide out that food  that you are looking in speaking about potential income but knowing markets on which not all the time we are really that in positive
but somewhat its not impossible that for you to sustain yourself for longer runs as long you do know on what you are doing.

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September 13, 2023, 06:51:51 PM
 #180

If by "Bitcoin" you mean a creature with hands and feet to chop meat and cook meals for you, serving them at your dining table, then that's not what Bitcoin is about. In essence, Bitcoin can't do that.

However, if you're talking about deriving sustenance from the profits earned through Bitcoin investments, and you believe that Bitcoin can provide sustenance in this way, then yes, Bitcoin can serve up gains like a food, but it's not always a straightforward process.

Every Bitcoin investor aims to profit by buying Bitcoin at a low price and selling it at a higher one. It's this profit margin that many people are after these days. However, it's essential to remember that it often takes longer than anticipated because BTC is a volatile asset.
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