Am I Too Broke To Own Bitcoin?

[kryptqnick]

I understand the struggle of hodling. While $3k would be an unimaginably high level of income in my country, I suppose it can be barely enough if a person has a big debt somewhere in the US, so big chunks go to paying off mortgage, student debt, etc. I think that if you feel like you don't have enough to invest, it's totally fine. Just hodl what you can, when you can, and when it doesn't hurt you and your family. That's how it should be, and it's reasonable not to risk it when you're on a tight budget. I try to treat BTC as savings, so I don't spend BTC when I can, but sell some when I have to.

[xSkylarx]

In practice, I barely earn more than $3000 from my job, my wife's mortgage, and other demands waiting to snap up the money.

I'm not sure where you are living, but this is already a huge income for us, but you might be living in a first-world country where living expenses are too high and as you stated you've been paying something. Even though your salary is huge if you do not cut your expenses it is still the same that you do not have money for savings or investing. I will answer you straight away, you are not too broke to afford Bitcoin, you just need money to pay debts and there are still people in the same situation as you but take into consideration that even others have smaller incomes than yours but still manage to own Bitcoin.

[kotajikikox]

To be honest, I don't really own bitcoins because I do not HODL. I always see myself selling my coins due to one issue or another, possibly because I really cannot afford to live my dream of holing until Bitcoin makes me rich.

sorry for that and since you cannot keep holding then you will never have what you desire in Bitcoin mate, better  work on it or accept this forever.

In practice, I barely earn more than $3000 from my job, my wife's mortgage, and other demands waiting to snap up the money. Sometimes I sell in a bull market, and other times I sell in a bear market. Would you say that holding BTC isn't for everyone? Am I not too broke to depend on Bitcoin for financial freedom? Yeah, I'm working for my financial independence, but Bitcoin has remained a peripheral component of that plan. Only if I can HODL for a few years.

Do you comfortably HODL? 300% is quite a lot. 1000% for me is a dream.

I am Holding mate and will keep holding till i reached my desired multiplier , but not 300% instead i am enough with at least x2 or 100% of my total capital .

yeah 1000% is a greedy dream mate.

[Miles2006]

Your definition on broke matters and I don't think you're too broke to own Bitcoin, I'm trying to understand something from  your topic, the money you earn monthly can't afford your family needs or you find yourself spending unnecessary. Even if your current salary is not enough that doesn't mean you're too broke to invest, when it comes to bitcoin investment it has a lot of strategy except you just don't want to invest.
If you feel your salary is too low for investing, a lot of low salary earners still invest in bitcoin and that's just the best idea, I will even advice low salary earners to take bitcoin investment serious cause it serves as a valuable investment, if you keep facing the same problem each time you want to hold then you should start making budget every month after receiving your salary you should also put bitcoin investment in the list and invest wisely. 

[Rockstarguy]

With proper planning and a source of income, no matter how little it pays, someone can always buy BTC or invest using the DCA strategy which demands only bits of Satoshis monthly or weekly depending on how carefully one has made his plans and has tailored their life with discipline.
Everyone most times may be too broke to embark on a project until being broke is the main motivation that drives them to attain wealth by Force.
If you plan towards buying BTC and work to get a new job so as to increase how much you earn, within a couple of months, you should be able to own some Sats that would be accumulated overtime.

Huge some of money does not determine if an investment will end up well or not,  what determine an investment to be profitable even with a small amount of money is understanding and planning.  In bitcoin investment you don't need to wait to have all the money to start up an investment, the investment can commence by accumulating some amount of Bitcoin from time to time, waiting to get save money to start up big can be a waste of time that opportunity of buying bitcoin low will be missed.  Their is no amount to start bitcoin investment that won't be profitable if hodling of bitcoin is applied.

[Hewlet]

To be honest, I don't really own bitcoins because I do not HODL. I always see myself selling my coins due to one issue or another, possibly because I really cannot afford to live my dream of holing until Bitcoin makes me rich.

In practice, I barely earn more than $3000 from my job, my wife's mortgage, and other demands waiting to snap up the money. Sometimes I sell in a bull market, and other times I sell in a bear market. Would you say that holding BTC isn't for everyone? Am I not too broke to depend on Bitcoin for financial freedom? Yeah, I'm working for my financial independence, but Bitcoin has remained a peripheral component of that plan. Only if I can HODL for a few years.

Do you comfortably HODL? 300% is quite a lot. 1000% for me is a dream.

you are not alone in this. Their are times you would not be able to hold you Bitcoin even when you intend accumulating it from the signature campaign you see participating in. Their as some people that before payday, they are already waiting to sell off their little fraction of Bitcoin and would hardly hodl it more than 3days in their wallet. This is one if the main reason we are not to invest an amount that we are comfortable with.

For someone that earns $3000, that's a nice amount of money if it's coming in on monthly basis and you can choose to invest even 40% of it and still remain financially comfortable.

[Dunamisx]

To be honest, I don't really own bitcoins because I do not HODL. I always see myself selling my coins due to one issue or another, possibly because I really cannot afford to live my dream of holing until Bitcoin makes me rich.

In practice, I barely earn more than $3000 from my job, my wife's mortgage, and other demands waiting to snap up the money. Sometimes I sell in a bull market, and other times I sell in a bear market. Would you say that holding BTC isn't for everyone? Am I not too broke to depend on Bitcoin for financial freedom? Yeah, I'm working for my financial independence, but Bitcoin has remained a peripheral component of that plan. Only if I can HODL for a few years.

Do you comfortably HODL? 300% is quite a lot. 1000% for me is a dream.

you are not alone in this. Their are times you would not be able to hold you Bitcoin even when you intend accumulating it from the signature campaign you see participating in. Their as some people that before payday, they are already waiting to sell off their little fraction of Bitcoin and would hardly hodl it more than 3days in their wallet. This is one if the main reason we are not to invest an amount that we are comfortable with.

For someone that earns $3000, that's a nice amount of money if it's coming in on monthly basis and you can choose to invest even 40% of it and still remain financially comfortable.

The idea is that no matter how small, it's still wiser not to eat with the whole hands, at least have some things in reserve for yourself in the future, you can only achieve something like this when you're making some level of savings, reducing the total average cost of your daily expenses, manage up yourself and cut cost to be able to meet up with doing other things, you can't expect things to last long for life, they are just meant to be enjoyed while they last.

[carlfebz2]

With proper planning and a source of income, no matter how little it pays, someone can always buy BTC or invest using the DCA strategy which demands only bits of Satoshis monthly or weekly depending on how carefully one has made his plans and has tailored their life with discipline.
Everyone most times may be too broke to embark on a project until being broke is the main motivation that drives them to attain wealth by Force.
If you plan towards buying BTC and work to get a new job so as to increase how much you earn, within a couple of months, you should be able to own some Sats that would be accumulated overtime.

Huge some of money does not determine if an investment will end up well or not,  what determine an investment to be profitable even with a small amount of money is understanding and planning.  In bitcoin investment you don't need to wait to have all the money to start up an investment, the investment can commence by accumulating some amount of Bitcoin from time to time, waiting to get save money to start up big can be a waste of time that opportunity of buying bitcoin low will be missed.  Their is no amount to start bitcoin investment that won't be profitable if hodling of bitcoin is applied.

Yes, it wont really be mattering whether you are really that profitable or not and wont really be mattering about being rich or poor or average in terms of financial status.
Its true that it would really be mattering on the time that you would really be mattering on well you would really be able to handle up yourself into this kind of investment on which it
wont really be something to be so simple. This is why it would really be that best that you should really know on how to hover yourself into this investment world
or else you would really be messing up  yourself into this field.

When it comes on holding or owning bitcoin, then it wont really be that necessary that you would really be needing to have that purchase a whole coin.
We do know that we could really be able to own Bitcoin on fractions, this is why its better not to stress yourself with having that kind of
ideas in mind just because of this and that.

[The Cryptovator]

Bitcoin for life, not to hold a lifetime. If your dream is big, then you should hold on until you reach your goal. But if you need to sell bitcoin to survive, then nothing is wrong. It doesn't matter if you are selling bear or bull, but the fact is, you shouldn't sell at a loss. If you need to sell at a loss to survive, then try to buy back with the DCA strategy. Try to accumulate a dip with your savings. Your earnings aren't bad; try to manage not to sell your bitcoin. Then, once a day, your dream would come true. But I will say, don't over-expect from Bitcoin.