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Author Topic: One Beauty about Bitcoin investment.  (Read 700 times)
Cryptomultiplier (OP)
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July 28, 2024, 11:48:59 AM
 #1

One beauty about Bitcoin investment is that one doesn't have to stare at a computer all day.
 As many as 40% of American jobs expected workers to pretend to be working while staring at a computer screen and faking a frown, before earning benefits as salaries  from an investment of their time  spaning into years, all day long.

 Compared to how easy an investment in cryptocurrency would pay off well and is a sure hedge against inflation, be it by trading and using or not using bots and AI integrations or by DCA strategy in varying fractions or lump sum or by mining bitcoins and being so serious as to own a mining farm or by diversification of wealth into owning Bitcoin since made possible for large pocket investors too, with the spot ETF approval, it is just fascinating how a crypto investor wont spend as much time staring at their computer screen all day before they make or accumulate wealth by investment in cryptocurrency.

What is your opinion?

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July 28, 2024, 01:01:27 PM
Merited by JayJuanGee (1)
 #2

I'm interested in knowing how you will get the money you intend using for your investment without having to do a tedious task that's time and effort consuming? It's not even as though Bitcoin investments is a job or carrier that one can choose to do for a living. Before you even invest in Bitcoin or own a Bitcoin, you've got to render a service in some way that gives you some fiat you can convert into Bitcoin or perform a task that gets you paid in Bitcoin. Whichever way you get your Bitcoin through, there is no way you're going to factor out the place of carrying out a task and looking at the screen is the least of them.

If you're investing in your Bitcoin through the DCA methord , it means you have a means of income that comes in at a particular period of time of the week or month from which you can assign a portion that will go into your investment. Same is what is applicable for buying in lump sum. If you're a trader that's when it even gets worse because you need an alternative means of generating cash so when you face some losses, it doesn't really affect you that much and you can still get a source of funds for your trading from your main stream of income.

Let's not paint a narrative that sends a wrong message to some newbie that investing in Bitcoin and being profitable at it is just an easy journey that comes on a platter of gold without putting an effort. In life generally, nothing comes for nothing and to even make it well from your Bitcoin investments, you need to invest much which is what an average person that lacks a legit stream of income can't easily do.

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July 28, 2024, 03:19:30 PM
 #3

One beauty about Bitcoin investment is that one doesn't have to stare at a computer all day.
 As many as 40% of American jobs expected workers to pretend to be working while staring at a computer screen and faking a frown, before earning benefits as salaries  from an investment of their time  spaning into years, all day long.

What is your opinion?

So you're saying 40% of Americans are not really working to get their salary?

FYI, Bitcoin is not a job so comparing it with Jobs to make money is like comparing apple with Oranges.

Every investment needs capital and that what the middle class people lack and these banking system is making them to trap with loan for their entire lifetime so anyone wants to achieve financial freedom needs to have a clear vision of how they are going to get that money.

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July 28, 2024, 03:37:42 PM
Merited by JayJuanGee (1)
 #4

One beauty about Bitcoin investment is that one doesn't have to stare at a computer all day.
 As many as 40% of American jobs expected workers to pretend to be working while staring at a computer screen and faking a frown, before earning benefits as salaries  from an investment of their time  spaning into years, all day long.

 Compared to how easy an investment in cryptocurrency would pay off well and is a sure hedge against inflation, be it by trading and using or not using bots and AI integrations or by DCA strategy in varying fractions or lump sum or by mining bitcoins and being so serious as to own a mining farm or by diversification of wealth into owning Bitcoin since made possible for large pocket investors too, with the spot ETF approval, it is just fascinating how a crypto investor wont spend as much time staring at their computer screen all day before they make or accumulate wealth by investment in cryptocurrency.

What is your opinion?

Crypto traders would always be close to their devices to make trading decisions. Bitcoin has proved over the years to be a good hedge against inflation but I can't say the same thing for altcoins. Many altcoins become worthless after a short period. Hence, it is important to make that clarification to avoid misdirecting newbies.

We should also state that it is not everyone who invested in Bitcoin made profit. Many of them lost because they sold their coins hastily due to FUD or other conditions. Those who are not patient enough or don't have emergency funds might not benefit from investing in Bitcoin.

Long-term holdlers don't need to look at the price of Bitcoin every day because they already have plans for their investment.

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July 28, 2024, 03:55:18 PM
 #5

As many as 40% of American jobs expected workers to pretend to be working while staring at a computer screen and faking a frown, before earning benefits as salaries  from an investment of their time  spaning into years, all day long.
Do you have the stats to support your argument or is it just assumptions? If you do, you should add the source to the OP.

From what I understand here, the message of this thread is that Bitcoin helps reduce eye strain because you don’t have to stare at a screen for 6hours+ day and you make more money than people with 9-5 jobs. Tbh never would have imagined this to be as one of the solutions or benefits of Bitcoin. It’s interesting because people who own Bitcoin may spend the equal hours or more with those who are not involved in Bitcoin due to the fact that the amount of time we spend on our mobile devices is far more than we spend on anything else.
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July 28, 2024, 04:56:59 PM
Merited by JayJuanGee (1)
 #6

Well, it's true that making profit in Bitcoin doesn't require you to do anything than just to invest, hold for some period of time and take profit when you reach your expectation. But the reality of making the investment is that you have to work all day, work from Monday to Friday and look at the monitor if that's really the nature of your job, doing all that is so that you can be able to raise the capital which you can invest into Bitcoin and you still need a sustainable income source to rely on, so that you can be able to hold your Bitcoin until you make profit.

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July 28, 2024, 07:44:00 PM
Merited by JayJuanGee (1), Nheer (1)
 #7

Compared to how easy an investment in cryptocurrency would pay off well and is a sure hedge against inflation, be it by trading and using or not using bots and AI integrations or by DCA strategy in varying fractions or lump sum or by mining bitcoins and being so serious as to own a mining farm or by diversification of wealth into owning Bitcoin since made possible for large pocket investors too, with the spot ETF approval, it is just fascinating how a crypto investor wont spend as much time staring at their computer screen all day before they make or accumulate wealth by investment in cryptocurrency.

What is your opinion?


My opinion is that you should have been more specific about the inflation. When you take an average inflation of some countries in a year and you invested in Bitcoin at the wrong time, you might prefer to hold fiat and not put money in Bitcoin. Don't get me wrong, this is scenario that can happen if you don't do proper investigation before investment. My home country for instance has an average inflation of 30+% and now imagine buying Bitcoin at $70k and you plan to used the money in December if things goes but things are not certain.

If you want Bitcoin as a hedge for inflation, time of holding must be put into consideration, not going to be one or two years, you will need to patience for atleast a bull run cycle and you will enjoy better when Bitcoin make a new all time and you will see the benefit of buying Bitcoin instead of keeping your fiats on Banks and some other things that loose value with time.

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July 28, 2024, 07:50:10 PM
 #8

Well, it's true that making profit in Bitcoin doesn't require you to do anything than just to invest, hold for some period of time and take profit when you reach your expectation.

I think this is a rather simplistic view of investing. Your post suggests that you can invest whenever you want and just sit and wait. This approach does not take into account the holding period or the entry point, which are key factors for successful investing. Inactivity does not lead to the results you desire. Therefore, monitoring the market, analyzing and making informed decisions is the key to profit from investments.

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July 29, 2024, 08:05:52 AM
Merited by JayJuanGee (1)
 #9

One beauty about Bitcoin investment is that one doesn't have to stare at a computer all day.
 As many as 40% of American jobs expected workers to pretend to be working while staring at a computer screen and faking a frown, before earning benefits as salaries  from an investment of their time  spaning into years, all day long.

 Compared to how easy an investment in cryptocurrency would pay off well and is a sure hedge against inflation, be it by trading and using or not using bots and AI integrations or by DCA strategy in varying fractions or lump sum or by mining bitcoins and being so serious as to own a mining farm or by diversification of wealth into owning Bitcoin since made possible for large pocket investors too, with the spot ETF approval, it is just fascinating how a crypto investor wont spend as much time staring at their computer screen all day before they make or accumulate wealth by investment in cryptocurrency.

What is your opinion?


Yes, this is definitely a plus, but I am sure that all investors constantly check the price of the asset they invested in. And I think that the larger the amount of invested funds, the more often the investor thinks about these savings. And more often checks the price chart. And even if he can use DCA, he will still do it.

This is our human psychology, we want to know as soon as possible - how are things going with the invested money?

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July 29, 2024, 08:15:49 AM
 #10

One beauty about Bitcoin investment is that one doesn't have to stare at a computer all day.
 As many as 40% of American jobs expected workers to pretend to be working while staring at a computer screen and faking a frown, before earning benefits as salaries  from an investment of their time  spaning into years, all day long.
It would depend really. Investing for long term can be a passive way to gain profit but for traders, they are still required to sit in front of a computer and be on it for long hours. Some trade by the minute, hour, or by the day so I think it depends on each person how much time you are spending in front of a screen.

However I can agree that investing in bitcoin is a lot easier than most office works. The good thing is that you hold your own time and you do not need to be caged into specific office hours.
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July 29, 2024, 08:31:44 AM
Merited by JayJuanGee (1)
 #11

One beauty about Bitcoin investment is that one doesn't have to stare at a computer all day.
 As many as 40% of American jobs expected workers to pretend to be working while staring at a computer screen and faking a frown, before earning benefits as salaries  from an investment of their time  spaning into years, all day long
If people are trading Bitcoin, they will have to look at computer screen a lot of time.

You seem to confuse between trading and investment. Investment in Bitcoin or stocks or real estates does not require any investor to stare at computer screen all day long, never be like this with investment.

But if it is trading, speculating, you will have to do this because you don't plan to hold that position for a long time. Different activities require different actions, and you can not do the same with trading and investment.

R


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July 29, 2024, 08:35:46 AM
Last edit: July 29, 2024, 12:39:49 PM by Helena Yu
 #12

It's been a while I don't see any bullshit thread.

If making money in Bitcoin or cryptocurrency is really easy, you will not participate a paid signature campaign and being active in this forum because if someone has an unlimited money, they will choose to travelling, play video games, watch movies etc etc.

Don't get me wrong, being a wage slavery in US and get paid for $60K/year is a dream for a looooottt people.

R


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July 29, 2024, 08:36:39 AM
Merited by JayJuanGee (1)
 #13


What is your opinion?


Your mistake is comparing investing with work, they are completely different and I bet you that no one will have a perfect investment if they do not have a job that brings a stable income. Do you just invest in bitcoin and do nothing?

In my opinion, a person should only invest in bitcoin when they have a job and income, do not invest just by borrowing and thinking that it will bring profit and will become rich by investing in bitcoin, and do nothing.

Also, I disagree when you say that making money from cryptocurrency investments is easy. Making money is never easy, no matter what field it is in because it will have its own difficulties and risks. You will not have to do anything when investing in bitcoin but you will be able to face losses, when you work you will be tired but you will have a regular income. Everything has a price to pay.

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July 29, 2024, 11:19:15 AM
 #14

Well, it's true that making profit in Bitcoin doesn't require you to do anything than just to invest, hold for some period of time and take profit when you reach your expectation.

I think this is a rather simplistic view of investing. Your post suggests that you can invest whenever you want and just sit and wait. This approach does not take into account the holding period or the entry point, which are key factors for successful investing. Inactivity does not lead to the results you desire. Therefore, monitoring the market, analyzing and making informed decisions is the key to profit from investments.

All that is what I am aware of, but the briefing of my comment was only in response to what the OP said about investment in Bitcoin, which doesn't require you to work all day like a normal white collar job. Considering the general contest of investing in Bitcoin (even with all you said), truly, you don't have to work all day (from Monday to Friday and from 7 a.m. to 4 p.m.), but a middle-class man or even a rich man still needs to maintain their other sources of income, which can require their time and attention all week. It's from their other sources of income that they can generate money to continue investing in Bitcoin and be able to hold it for the number of years it will take to reach the bull market. 

Definitely, any experienced bitcoiner who wants to be successful will consider all the necessary factors (entry point, holding period, best wallet to use, etc.) that are needed to be a successful bitcoiner. 

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July 29, 2024, 12:50:09 PM
Merited by JayJuanGee (1)
 #15

It's been a while I don't see any bullshit thread.

If making money in Bitcoin or cryptocurrency is really easy, you will not participate a paid signature campaign and being active in this forum because if someone has an unlimited money, they will choose to travelling, play video games, watch movies etc etc.

Don't get me wrong, being a wage slavery in US and get paid for $60K/year is a dream for a looooottt people.

I also completely disagree with the OP saying that making money from bitcoin is easy as well as making a somewhat bullshit and meaningless comparison comparing investing in bitcoin to people's daily jobs.

@OP, what do you rely on to ensure that investing in bitcoin will definitely bring people a better life than their current job? As for me, I bet you that the jobs you call boring are providing and feeding them every day and they can even save a significant amount of money from their jobs.

Investing in bitcoin is an opportunity to help us increase our assets, we should not ignore it, but I believe it will not be more important than a job that brings you a stable income.
Personally, I need a job with a stable income before thinking about investing in bitcoin, investing in bitcoin is important but it will not be my top priority in this life. We don't need to get too hyped about bitcoin.

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July 29, 2024, 12:59:29 PM
 #16

Well, it's true that making profit in Bitcoin doesn't require you to do anything than just to invest, hold for some period of time and take profit when you reach your expectation. But the reality of making the investment is that you have to work all day, work from Monday to Friday and look at the monitor if that's really the nature of your job, doing all that is so that you can be able to raise the capital which you can invest into Bitcoin and you still need a sustainable income source to rely on, so that you can be able to hold your Bitcoin until you make profit.
I have to agree with this. While investing in bitcoin does not actually require an 8-hour screen monitoring, but surely acquiring that funds used for investment might be tough and hard most especially for minimal income earners. Others have to even look for additional jobs so they can afford investing in bitcoin.

I think the real beauty not only for bitcoin but to all forms of investment is to see yourself finally reaping the fruit of your labor. That’s the time you will come to enjoy your profits from a lot of patience and sacrifices just to endure the risk with bitcoin investment.

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July 29, 2024, 01:53:55 PM
 #17

Talking about the flexibility of bitcoin comparing to physical jobs or investment, investing on bitcoin has an ease of manpower services in the bitcoin market which Investors can just invest their money and look away while the market run itsself. The invention of the trading bots has also been of ease to investors by which the bot stay still in the market operating best on instructions whether to opt out when the market condition seems bad or literally opts in or out based on traders command without the trading being standby over monitoring the marketing system.

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July 29, 2024, 02:20:36 PM
Merited by JayJuanGee (1)
 #18


What is your opinion?


I don't think things work that way. First and foremost, money is not gotten from the tree or printed on a white paper. Before you can earn money legitimately either physically or online, you will need to work yourself out to be compensated of the hard work, the stress and the knowledge you've put in executing the job. It could be a basic monthly salary payment or a one-off contract arrangement for a company or an individual, regardless, you will need to earn money before you can invest it in Bitcoin being it DCA or Lump Sum.

Although, there are people who have set certain target to their work life in the sense that they plan to work hard for a certain number of years then retire when their able to meet up certain financial targets. From there they tend to migrate from just being an entrepreneur or a government worker to investors including Angel Investors. In that case, they must still work and climb the ladder of progression and success to achieve that mark.

Having said all of these, it is also crucial to mention that you don't just invest and sit down for your profits to maximize. You will also have to follow your investments through monitoring and analysing the market to determine when to move your investments and other investments opportunities. So, be it as it may, I don't see anyone becoming a successful investor without first putting in the energy and time to work either as a businessperson or a government official or in some cases inheritance.

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July 29, 2024, 04:37:09 PM
Merited by JayJuanGee (1)
 #19

I don't think it's right to compare bitcoin investment to a job. Bitcoin investment is not a job. People who invest in Bitcoin have a job. The money they use in investing is gotten from somewhere. You either have a job, a business it doesn't really matter, just have a source of income.
Bitcoin investment is like investing in stock or gold. It's not a job. Bitcoin traders are people that make a job out of bitcoin.

It's funny how I don't even agree that bitcoin investment is easy. I mean, if the person is already wealthy it may be easy, but for someone who isn't rich but sacrificed a lot to own bitcoin and hold it may not be that easy. He would not be happy whenever he sees bitcoin dipping and it would take a lot for him not to panic sell at that point.

R


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July 29, 2024, 05:17:28 PM
 #20

One beauty about Bitcoin investment is that one doesn't have to stare at a computer all day.
 As many as 40% of American jobs expected workers to pretend to be working while staring at a computer screen and faking a frown, before earning benefits as salaries  from an investment of their time  spaning into years, all day long.

 Compared to how easy an investment in cryptocurrency would pay off well and is a sure hedge against inflation, be it by trading and using or not using bots and AI integrations or by DCA strategy in varying fractions or lump sum or by mining bitcoins and being so serious as to own a mining farm or by diversification of wealth into owning Bitcoin since made possible for large pocket investors too, with the spot ETF approval, it is just fascinating how a crypto investor wont spend as much time staring at their computer screen all day before they make or accumulate wealth by investment in cryptocurrency.

What is your opinion?


Yes, this is definitely a plus, but I am sure that all investors constantly check the price of the asset they invested in. And I think that the larger the amount of invested funds, the more often the investor thinks about these savings.

This is our human psychology, we want to know as soon as possible - how are things going with the invested money?

You are right because I realized that in as much as holders doesn't require checking or monitoring there Bitcoin investment regularly but there are still people who never take off there eyes from there accumulated Bitcoin in a weekly basis, so just like you observed people would always want to see how there investment is doing whether appreciating or not, however monitoring of investment are mostly done by beginners because in most cases they derive joy or motivation from watching their amount of accumulated Bitcoin, meanwhile there are also people who doesn't like watching there accumulated Bitcoin because we have different kinds of investors and some can easily get emotional or discouraged when they are not seeing what they expected, just like what happened during the time Bitcoin was struggling within $55k and so many people that bought during the time it was $70k begins to feel discouraged.

R


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