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Author Topic: Struggle now to invest in Bitcoin for a bright future.  (Read 1316 times)
Tipeform$
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February 10, 2024, 11:35:45 PM
 #81

Many of us know about Bitcoin. But due to a lack of funds, we regret about Bitcoin investment. Many people, particularly those from low-income families, regret when we can't invest in Bitcoin. Though we can't solve this problem, we can struggle to achieve our goal. For our daily needs, we must need money to survive. Sometimes we spend money on unnecessary things. So we can avoid spending unnecessary money because we can survive without it. And we can start investing in Bitcoin with that money. We have to find a solid income source, even if it is small. So we can go ahead with our bitcoin investment. If we struggle now, we may build a bright future. Even students could save some money from their daily spending and invest in Bitcoin.
Maybe your advice is very useful for my life I am also very low income person my income is not much my income is very limited. Whenever I know and hear about Bitcoin I have a lot of desire to invest in Bitcoin. I am from a very low class family, I have no means of earning but I earn some money by working some time and some time, I try to invest bitcoin without using that money unnecessarily for unique work or hanging out with friends. Maybe because I am a child of a lower class family, I rarely socialize with my friends because I am busy with physical work in my free time, but even if I get some money from it, I think of using it as my investment. Don't spend on unnecessary things. I love investing in bitcoins but if I ever become a financier I will invest bitcoins to my heart's content.

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February 11, 2024, 02:09:36 AM
 #82

Many of us know about Bitcoin. But due to a lack of funds, we regret about Bitcoin investment. Many people, particularly those from low-income families, regret when we can't invest in Bitcoin. Though we can't solve this problem, we can struggle to achieve our goal. For our daily needs, we must need money to survive. Sometimes we spend money on unnecessary things. So we can avoid spending unnecessary money because we can survive without it. And we can start investing in Bitcoin with that money. We have to find a solid income source, even if it is small. So we can go ahead with our bitcoin investment. If we struggle now, we may build a bright future. Even students could save some money from their daily spending and invest in Bitcoin.
The majority of people nowadays struggle, some more of others but life is tough for everyone, that is for sure. At the same time I see many people that despite the low income decide to spend money in very useless things or products, let's simply think about cigarettes, lottery tickets, brand clothes, streaming services... I'm not saying that people don't deserve to enjoy life but at a certain point, if you want to invest and you're not able to make more money, the only way is to somehow cut the other costs.

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February 11, 2024, 03:10:28 AM
 #83

So we can avoid spending unnecessary money because we can survive without it. And we can start investing in Bitcoin with that money. We have to find a solid income source, even if it is small. So we can go ahead with our bitcoin investment. If we struggle now, we may build a bright future. Even students could save some money from their daily spending and invest in Bitcoin.
There is no success if you don't fight for it, that's the real life in this world because hoping for luck is an effort for lazy people to go through the process. Bitcoin provides freedom for anyone and bitcoin is also more independent for everyone who wants to invest. Determine strategies to make your finances better and stay away from unproductive spending to avoid unnecessary waste. If Bitcoin is considered one of the best investments then we should have a plan to get involved in it.

Without us realizing it developments have provided opportunities for anyone to achieve financial freedom through bitcoin, but there are many people who have not seen this advantage. For those of us who know more about Bitcoin, now there are stages that we continue to strive for as a long-term investment step.

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February 11, 2024, 04:08:16 AM
 #84

If we want to see a brighter future, we must sacrifice at the moment even if it means not living on our comfort zone. It takes a matter of courage and motivation so we can do hard things today and benefit them later on. Bitcoin investment is quite expensive, so saving and not spending on unnecessary expenses is the best thing to do. And of course being patient and positive minded, everything will be possible so we can build a brighter future with bitcoin.

If there's any good thing someone has to achieve about their finance/career,or life in general you'll have to work for it and put more effort to achieve it despite how long it will take you.
 Investment is an important criteria to accumulate wealth but some people even with all the money and wealth they've acquired,they find it difficult to to take that bold step.Thats why so many rich people struggle so much to cater for their needs after they've retired.They struggle to take responsibility for bills like house rent,feeding,household maintenance and some other emergencies.I mean it's entirely simple to figure this out,look out for investment platforms like bitcoin,invest as much as you can,but don't invest more than you can afford to lose,set a goal and aim at something productive.

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February 11, 2024, 04:41:45 AM
 #85

Totally agree, the struggles that we're feeling right now is just a temporary thing that will eventually lead us to greater heights and that height would be financial freedom so if you're not the kind that don't like the idea of struggling now, maybe this isn't for you and that it's not a good idea to invest in bitcoin, of course not everyone can follow through with this though as I'm sure that some people are limited financially so they're going to have a hard time making ends meet and making sure that they're invested too, if you're like this then make sure that you're not struggling first, make your life stable before investing in something.
The problem starts with not having enough to feed. First, someone who doesn't have enough to feed his family can't save up what they can invest in. So in order for you to be balanced and ready to invest, you can't sit at a place and wait for a manner to fall from heaven.
 
You need to challenge yourself with a goal, and when you have a goal and target, you will be encouraged not to stay at a place but rather get your two hands working, either using your skills to make money or applying for something that can bring more money to your table.
 
One thing I notice about some people who don't grow is that they don't have a target that they are struggling to meet. They are just okay with the way they are convincing their minds that they can settle for less. If they can challenge themselves that they need to invest in bitcoin, they will, and they will need to work an extra job in order to raise enough money for both personal needs and those left over for investment.

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February 11, 2024, 06:17:25 AM
 #86

Many of us know about Bitcoin. But due to a lack of funds, we regret about Bitcoin investment. Many people, particularly those from low-income families, regret when we can't invest in Bitcoin. Though we can't solve this problem, we can struggle to achieve our goal. For our daily needs, we must need money to survive. Sometimes we spend money on unnecessary things. So we can avoid spending unnecessary money because we can survive without it. And we can start investing in Bitcoin with that money. We have to find a solid income source, even if it is small. So we can go ahead with our bitcoin investment. If we struggle now, we may build a bright future. Even students could save some money from their daily spending and invest in Bitcoin.
The majority of people nowadays struggle, some more of others but life is tough for everyone, that is for sure. At the same time I see many people that despite the low income decide to spend money in very useless things or products, let's simply think about cigarettes, lottery tickets, brand clothes, streaming services... I'm not saying that people don't deserve to enjoy life but at a certain point, if you want to invest and you're not able to make more money, the only way is to somehow cut the other costs.
Investing is not something that can be done when people are experiencing economic difficulties and it would be very unfortunate if someone with a low income does not spend their money on the needs they need and prefers to spend their money on things they don't need so they will make things difficult for themselves.

Indeed, there is nothing wrong with them using their income to enjoy every effort they have earned and it would be better if they could restrain themselves from delaying enjoying the income they have and choose to invest for their future. Of course this is very profitable and they can enjoy it after they are successful from the investments they make.
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February 11, 2024, 08:02:32 AM
 #87

For sure I mean life is hard and not fair for sure, so if you are not really going to do anything or you are just lazy nothing is actually going to happen, in my country salary is actually one of the worst things because the minimum salary is around almost 300$ a month which is not really a huge amount considering you work 8 am-5 am a day five times or 6 times a week, Considering you graduated a 4 to 5 years course on Collegeright.

So we actually need a source of income and if we are not going to find one it is surely going to be hard, but I guess most of the time the problem is just the mindset of the people not having the financial mindset and doesnt really want to save or invest for the future and just wanted to buy or spend everything that they earn. I realize this since a lot of people keep on buying things that they dont really need, to the point where they even start to use credit cards to buy something like an iPhone considering they already have a very low income. When I learned this kind of and applied it, I could say that it is actually easy to save and invest your money, also there are as well other ways to earn something like a side hustle, I mean for sure you need to do the extra work if you're just a minimum wager in order to earn more and get the money for investments and savings, then aim for assets that could possibly earn you a passive income.

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February 11, 2024, 08:07:50 AM
 #88

Many of us know about Bitcoin. But due to a lack of funds, we regret about Bitcoin investment. Many people, particularly those from low-income families, regret when we can't invest in Bitcoin. Though we can't solve this problem, we can struggle to achieve our goal. For our daily needs, we must need money to survive. Sometimes we spend money on unnecessary things. So we can avoid spending unnecessary money because we can survive without it. And we can start investing in Bitcoin with that money. We have to find a solid income source, even if it is small. So we can go ahead with our bitcoin investment. If we struggle now, we may build a bright future. Even students could save some money from their daily spending and invest in Bitcoin.
Short term thinking is becoming more and more prevalent as time goes by, even if the research shows very clearly that those that have a long term approach to their lives tend to do way better even among their peers.

But with the economy being so dependent on mindless consumption, it is getting more difficult to convince people that what they are doing may have severe consequences decades down the line, and even if you were able to do it, they will not care anyway, as they will think that since the consequences are so far away they can afford to slack and leave the problem for later.

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February 11, 2024, 08:27:36 AM
 #89

Short term thinking is becoming more and more prevalent as time goes by, even if the research shows very clearly that those that have a long term approach to their lives tend to do way better even among their peers.

It's a problem, but do many tech-savvy people have problems with their financial ability to eat? I find it hard to believe that difficult people will easily get access to learn with crypto related to the internet and certainly cost money. So when I am in such a position I will also fulfill my main need of "eating". Maybe I won't enter into high-cost investments either. But now I understand, actually here is not how much money but how one wants to start. How will he keep trying, because I know a lot of people who start tend not to stick around much because they are impatient with the process.

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February 11, 2024, 09:07:22 AM
 #90

Invest wisely. Invest only your entertainment money. Never invest your emergency funds or life savings. Read on to know why.

How and why does the price of BTC go up?

It is only because more people buy BTC at higher prices. This is the primary reason. Here is an example. During the aftermath of the pandemic knowing in advance that the US government was handing out 1000s of dollars of free money to all citizens (One-time, direct cash payment of $1,200 per person plus $500 per child.. this is just one scheme.. there were several other relief plans, totalling a massive 2.7 trillion dollars that put free and easy money into the hands of the common man..), Elon Musk, having purchased huge amounts of BTC between the price range of 20K to 30K, made a timely comment on his twitter account which just mentioned BTC. The kind of frenzy it generated among his followers and BTC fans took BTC to 60K and beyond as the bulk of the free money flowed into BTC. Elon Musk who initially said he was not selling but only buying BTC made a financial disclosure that he made a profit of more than 1 Billion USD that quarter through sale of BTC acquired at lower prices.

I am not saying BTC is just a junk asset, the price of which can be pumped up by the collusion of rich people and then dumped on the unwitting common man, who wants to make a quick buck when he jumps in at the peak of the frenzy and is left high and dry at the dizzyingly high price which the frenzy takes it to.

The other things that contribute to BTC's potential price increase are scarcity, anonymity to a certain extent, increasing difficulty in mining (halving events and increasing energy costs), hidden agenda of the mining device manufacturers and pool operators, and most recently the vested interest of Fund managers who have been granted permission to launch Exchange traded funds with BTC as the underlying asset.

The difference between an ETF with a Stock of a prominent company as the underlying asset and BTC as the underlying asset, is that, a stock has a company behind it, capable promoters creating and selling products and services for a profit, with a proper business plan, with mandatory requirements to publish audited quarterly and annual financial results, all of which are monitored by regulatory authorities such as the SEC and its equivalent in different countries.

BTC has none of these. No official address, no great technological or managerial development during the past decade, massive negative effect on the environment due to the huge energy requirement to keep the blockchain functional (energy equivalent of Sweden's Annual Energy consumption), no quarterly reports, no annual general meetings, no annual financial results, nothing.  Yet the SEC has been under pressure to grant permission to such ETFs since the state of the world economy is nothing to write home about and any kind of financial activity that can generate some income for the government in the form of taxes and fees is definitely welcome.

This is the reason the mere news of the announcement by SEC regarding the granting of permission for the launch of the ETFs has not created the kind of frenzy that many expected to happen. In fact it had a negative effect on BTC's price for a short while.

Now those who have launched these ETFs have deep pockets. Hence for them to be successful they have to bring in more and more buyers who will buy into the funds to make the price of the instrument go higher and higher and as a result push the underlying asset's (BTC'S) price go higher and higher.

Buy low. Sell high. Simple rule to make profit. Those who buy low will make profit by selling to those who buy at a higher price. Those who buy at higher prices have to wait for the price to go even higher. There is no other way to make money like a dividend or a bonus share etc. This is why risking bigger amounts on such a shadow pyramid scheme is very risky.
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February 11, 2024, 11:12:01 AM
 #91

It is always a problem with sacrificial demands for one to attain a great height but yet some of these sacrifices could be little things that we could afford and could be one of those resources we spends in our daily lives that only have us funs without other profitable benefits.
This your guy in claimed said he doesn't have enough to invest on Bitcoin? OP, did you also let him know he could invest with whatever amount possible for him to be afforded?
You know... Bitcoin specifically is such a strange inventory  that is seen to be one of the Ponzi schemes to the best knowledge of Bitcoin illiterates. These set of persons are indeed not to be blamed because the rumours about how people are being scammed of their Bitcoins without trace and no one to hold onto are being overwhelmed by their little ideals about Bitcoin.
They basically don't hold onto the profitable potentials rumours, they are after the risks involved which scares them away from Investing in the Bitcoin. So they literally feels comfortable spending on pleasures that may not be profitable them in other ways than being spending their money on a system of lost without a gain of profit nor pleasures.
This is just how timid and tenderous about the level of their illiteracy capacities on Bitcoin having them with falseful reviews on the Bitcoin industry.

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February 11, 2024, 12:20:14 PM
 #92

Many of us know about Bitcoin. But due to a lack of funds, we regret about Bitcoin investment. Many people, particularly those from low-income families, regret when we can't invest in Bitcoin. Though we can't solve this problem, we can struggle to achieve our goal. For our daily needs, we must need money to survive. Sometimes we spend money on unnecessary things. So we can avoid spending unnecessary money because we can survive without it. And we can start investing in Bitcoin with that money. We have to find a solid income source, even if it is small. So we can go ahead with our bitcoin investment. If we struggle now, we may build a bright future. Even students could save some money from their daily spending and invest in Bitcoin.
Honestly it's desire of most people from low income earners who knew Bitcoin to invest in it unfortunately the prevailing situation with regards to being paid a living wage that is very difficult to make ends meet wouldn't warrant any diversion of their fund, of course it's very important to take care of pressing needs particularly food, payment of bills etc by the time all those Budget is taken care of nothing is left from salary earned so it would be very difficult to invest in Bitcoin I am talking from personal experience after relating with some close Bitcoin enthusiast, though many of them thinks they needed huge fund to invest, however I had clear that impression i.e they can invest with any amount of fund.

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February 11, 2024, 02:48:54 PM
 #93

Many of us know about Bitcoin. But due to a lack of funds, we regret about Bitcoin investment. Many people, particularly those from low-income families, regret when we can't invest in Bitcoin. Though we can't solve this problem, we can struggle to achieve our goal. For our daily needs, we must need money to survive. Sometimes we spend money on unnecessary things. So we can avoid spending unnecessary money because we can survive without it. And we can start investing in Bitcoin with that money. We have to find a solid income source, even if it is small. So we can go ahead with our bitcoin investment. If we struggle now, we may build a bright future. Even students could save some money from their daily spending and invest in Bitcoin.
In my opinion, investment is the same when you press any button but the main thing is control of money is very important then the money doesn't control you. One important step is to control your spending while you have a low investment that control will help you in the future with any type of regret. I think in low salaries countries and my country, Pakistan people are spending on Bitcoin is very difficult because they need money for daily expenses in life. I think when you decide to invest in Bitcoin you have to be patient and consistent with your investment.



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Rainbot
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February 11, 2024, 03:08:45 PM
 #94

Life sometimes does not live up to expectations, lack of funds due to low income can sometimes lead to a feeling of hopelessness which can make a person lose motivation in life. Giving up is not the solution when they are in a situation like this, they have to do something to change their lives in the future, confidence must always grow within them that they are close to success. Avoiding unnecessary spending can help build finances in the future, this money can be used to invest by applying simple methods such as DCA, this strategy really helps with the discipline of investing the same amount of money every period.

It's easy to invest in Bitcoin because it can be divided into small units (satoshi), to start investing you don't need to invest a lot of money, you can get Bitcoin with an affordable nominal amount of money. Investment decisions made now will have a big impact in the future if they are carried out regularly and consistently.

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February 11, 2024, 03:14:15 PM
 #95

Many of us know about Bitcoin. But due to a lack of funds, we regret about Bitcoin investment. Many people, particularly those from low-income families, regret when we can't invest in Bitcoin. Though we can't solve this problem, we can struggle to achieve our goal. For our daily needs, we must need money to survive. Sometimes we spend money on unnecessary things. So we can avoid spending unnecessary money because we can survive without it. And we can start investing in Bitcoin with that money. We have to find a solid income source, even if it is small. So we can go ahead with our bitcoin investment. If we struggle now, we may build a bright future. Even students could save some money from their daily spending and invest in Bitcoin.
Yes, this is totally correct. Based on my prior experiences, I don't have enough money to support myself on a daily basis. As a result, I constantly save money and can determine whether the purchases I make will help me financially or not. In the short term, I prioritize needs before wants because I can't afford to buy the things I really want, and I have to look for the cheapest price to save money. However, after learning about bitcoin, I became curious and gave it a try. Fortunately, I am able to say that it has greatly benefited my financial situation and has allowed me to purchase both my needs and wants. Despite my prior knowledge about bitcoin, I continue to manage my finances and save money for the future because we can never predict what's to come. I realize that in order for us to survive in this day and age, we must learn how to be resourceful and make the most of the limited time we have. 

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Vaculin
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February 11, 2024, 04:39:24 PM
 #96

So we can go ahead with our bitcoin investment. If we struggle now, we may build a bright future. Even students could save some money from their daily spending and invest in Bitcoin.
Investing is considering us preparing our future and I really appreciate those students who think about investing earlier despite of their situation. Indeed, it was a struggle for us to start especially if we only had a small income but if we really care about our future, we should have to do it. Perhaps, it was only hard at the start but in the later part when we already adjusted our spending habits, that seemed too easy. We don't need to make an excuse because we don't have money but instead, we think about how to grow our income so we have an excess money for this.
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February 11, 2024, 05:40:46 PM
 #97

The majority of people nowadays struggle, some more of others but life is tough for everyone, that is for sure. At the same time I see many people that despite the low income decide to spend money in very useless things or products, let's simply think about cigarettes, lottery tickets, brand clothes, streaming services... I'm not saying that people don't deserve to enjoy life but at a certain point, if you want to invest and you're not able to make more money, the only way is to somehow cut the other costs.
Do people smoke cigarettes just for fun? I don't think so, it's a sort of addiction and once you are addicted to it, you can't live without it until you get rid of the addiction. So although I know it's a bad habit and one shouldn't have it, it becomes a necessity at one point for certain people if they are addicted to it.

Other things that you've mentioned like streaming subscriptions, branded clothes and stuff, and lottery tickets are undoubtedly useless stuff if you are doing them even when you are not earning a lot of money because one can only do extra things if they know they are earning more than they need for two primary things, one is the monthly expenses, and the other one is savings. You can't spend money on such things if you aren't able to save any money at all.

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WatChe
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February 11, 2024, 05:43:48 PM
 #98

Investing is considering us preparing our future and I really appreciate those students who think about investing earlier despite of their situation. Indeed, it was a struggle for us to start especially if we only had a small income but if we really care about our future, we should have to do it. Perhaps, it was only hard at the start but in the later part when we already adjusted our spending habits, that seemed too easy. We don't need to make an excuse because we don't have money but instead, we think about how to grow our income so we have an excess money for this.

One thing about Bitcoin is that you don't need a huge capital to start investment rather you can start investing with 10$ weekly or monthly, whichever option suits you. There are many examples available where people keep investing small amount of fiat in Bitcoin and with time that small amount has grown to give good ROI.
Despite the fact that Bitcoin price has gone up to 48k$, investing in bitcoin is still profitable provided you have patience to keep investing for long term.
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February 11, 2024, 06:22:50 PM
Merited by fillippone (1)
 #99

Many of us know about Bitcoin. But due to a lack of funds, we regret about Bitcoin investment. Many people, particularly those from low-income families, regret when we can't invest in Bitcoin. Though we can't solve this problem, we can struggle to achieve our goal. For our daily needs, we must need money to survive. Sometimes we spend money on unnecessary things. So we can avoid spending unnecessary money because we can survive without it. And we can start investing in Bitcoin with that money. We have to find a solid income source, even if it is small. So we can go ahead with our bitcoin investment. If we struggle now, we may build a bright future. Even students could save some money from their daily spending and invest in Bitcoin.

Lack of funds is one of the major reasons why some people are yet to adopt bitcoin and missing out on it is really painful and sad especially when you hear about bitcoin doing well and you don’t have the means to invest yet. Although Some people think to invest in bitcoin one needs a huge amount of money to invest at once, that was what i used to think too but this forum opened me up to other strategies to invest with the little amount of money we earn, we can still invest in bitcoin and accumulate it gradually using the DCA strategy which is being practiced by a lot of people because majority of people come from low income families but they still manage to accumulate bitcoin.

Investing in bitcoin using DCA strategy doesn’t mean we should use every little amount we have on it and neglect our needs, our lives should come first and it is precious to us so we should not go hungry while spending money on investments but instead we we should only dedicate some percentage from our earnings to invest because when you invest all your money then you are investing more than you can afford to lose which is a bad practice.

You can read more on different investment ideas made by JayJuanGee here in order to select the one that best suit your earnings.

R


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nurilham
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February 11, 2024, 09:30:13 PM
 #100

There is no success if you don't fight for it, that's the real life in this world because hoping for luck is an effort for lazy people to go through the process.
You're right. If we want to succeed to achieve our dream, we must struggle to make it to come true. No one could succeed if he/she only wait for the miracle, it doesn't make sense. Effort is a must, patience should be needed, and has a strong belief to achieve it someday. If we have struggled with our best, then we may pray to get a luck from the God.

Bitcoin provides freedom for anyone and bitcoin is also more independent for everyone who wants to invest. Determine strategies to make your finances better and stay away from unproductive spending to avoid unnecessary waste. If Bitcoin is considered one of the best investments then we should have a plan to get involved in it.
Although Bitcoin has the advantage to make any one be independent to manage their wealth. But it can't bring the advantage optimally if there is no proper way or strategy applying on the Bitcoin investment. That's why we must have good understanding about Bitcoin investment firstly before we decide to join the Bitcoin investment.

Investing is not something that can be done when people are experiencing economic difficulties and it would be very unfortunate if someone with a low income does not spend their money on the needs they need and prefers to spend their money on things they don't need so they will make things difficult for themselves.
If we have a bad condition with our financial, it is better to prioritize the main necessities. Investment is surely not in the priority for people who are experiencing the difficulties in their economic. However, investment sometimes can be the solution to deal with the economic difficulty. If investing is still possible to do, people with limited funds still can do it with smaller amount of money.



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