Could Bitcoin change my life, or will it mainly change when I reach middle age?

[YOSHIE]

Could Bitcoin change my life, or will it mainly change when I reach middle age?

What changes your life is not Bitcoin but you yourself who can change yourself, Bitcoin is only a digital currency or crypto that we know, there are several paths you can take if you bring Bitcoin and yourself.

Trading, mining, investment, those are all paths that drive the direction of your life, Bitcoin plays a role in bringing people to success as they are today, which they understand whether they are young, middle-aged and so on.

[Viscore]

You know what I realized from bitcoin is that it does not matter how small your starting investment with bitcoin as long as you invest on it on a regular basis through DCA, eventually small amount when piled up brings a big amount of profits soon. However, we can't also deny the fact that a bigger amount of investment brings higher returns, that is why a lot of newbies want to start it big despite knowing the risk to lose comes also with high possibility.

But what matters the most with bitcoin is consistency. No matter how small your investment is, as long as you do it with consistency, it will turn turn into something big that could bring life-changing profits in the future.

[Dogedegen]

In my opinion, $2,000 in Bitcoin isn't much of a capital in today's world. Over time, it could grow, say, tenfold (if Bitcoin's price reaches $1,000,000). However, even $20,000, in my opinion, isn't enough to radically change a person's life. 🤷

The upside potential realistically speaking is somewhere between 10-100x from here in the long term, therefore some profit in fiat terms is not enough to change ones life especially if one must wait a long time. The profit in fiat is the least important aspect of Bitcoin and people who are focused on that are completely lost in the world. If Jesus reincarnated they would stop to wonder about his interesting style of shoes. That's how much these people are missing out with their false focus here. Sure some people were lucky and early acquirement of Bitcoin made them a lot of money but these success stories are not beneficial to newcomers. They lead them astray. Bitcoin is about freedom and sovereignty.

Investing (including Bitcoin) is more of a way to preserve initial capital, protecting it from inflation. However, initial capital isn't created through investing (whether in Bitcoin, gold, or stocks).

From the financial side of things, yes Bitcoin's primary role is to provide an exit from a hyper inflating world to one with a diminishing and very low inflation rate.

P.S. Buying $100 worth of Bitcoin per month is a great idea! Can you visualize it as not $100, but $1,000 (in the future)? So, you're creating a monthly income of $1,000 in the future (and that's awesome!)

Even that way of thinking about it is misplaced. Really one should think about how much value is preserved. If you keep the current value of $100 dollars in a $100 bill you will lose a lot of the initial value as the years pass, especially in a longer outlook of 10 to 30 years.

If you are in your 40s, it is still possible to make at least a 10 years accumulation plan and still get to gain from your investment before your children comes to gain from it. we are not too sure what the price of bitcoin will be in the next ten years so investing in bitcoin for the sake of your children is relatively a personal decision for you to take depending on what your plan is.

10 years is a very short plan and the years pass faster as you are older, he should be looking a plan that goes till the end of his days.

[pr0phecy]

The upside potential realistically speaking is somewhere between 10-100x from here in the long term, therefore some profit in fiat terms is not enough to change ones life especially if one must wait a long time. The profit in fiat is the least important aspect of Bitcoin and people who are focused on that are completely lost in the world. If Jesus reincarnated they would stop to wonder about his interesting style of shoes. That's how much these people are missing out with their false focus here. Sure some people were lucky and early acquirement of Bitcoin made them a lot of money but these success stories are not beneficial to newcomers. They lead them astray. Bitcoin is about freedom and sovereignty.

Could you elaborate more on freedom and sovereignty, I would like to know your opinion or your way of thinking.

[Dogedegen]

The upside potential realistically speaking is somewhere between 10-100x from here in the long term, therefore some profit in fiat terms is not enough to change ones life especially if one must wait a long time. The profit in fiat is the least important aspect of Bitcoin and people who are focused on that are completely lost in the world. If Jesus reincarnated they would stop to wonder about his interesting style of shoes. That's how much these people are missing out with their false focus here. Sure some people were lucky and early acquirement of Bitcoin made them a lot of money but these success stories are not beneficial to newcomers. They lead them astray. Bitcoin is about freedom and sovereignty.

Could you elaborate more on freedom and sovereignty, I would like to know your opinion or your way of thinking.

You need to look at the world today, spend time thinking about things and not just ingesting content. Most people should be able to figure out these things on their own, still I will give you how it is. Imagine if there was no cash at all now. You want to buy some food? You are being allowed to buy it by your credit or debit card provider and by your bank. They are giving you the permission to use your own money. It sounds wrong and fucked up, doesn't it? Precisely because that is what is happening. If they don't like you, the person or company that you are paying, the reason for which you are paying they can deny you to spend your own money on what you intended. Since this is not happening regularly and for small reasons yet people like to be dismissive about it and think it is some conspiracy theory. Weak minds are afraid to admit how fucked up the world that they live in really is.

What happened to the truckers protesting in Canada? Their bank accounts got frozen for voicing their dissent? There are many isolated examples of sanctioned people, people suffering from bad social credit scores in China and so forth. It is important to realize that the infrastructure for control is halfway deployed. We are near a future where your life can be made extremely hard or impossible if you do or say the wrong thing. Well you can say okay we still have cash so what? Did you know that in Spain you can't buy anything with cash if the amount is over 1000 euros? Not even a used car these days, no services over that amount, no significant amount of material or resources. Every time they put in a new restriction on cash anywhere on the world you were told a lie about money laundering or something like that. $10k limit to bring over the border, smaller bills, impossible to buy property with cash in significant amounts, additional documentation needed for any significant amount of cash and so forth. Not a single thing of any of this was about money laundering it was only about control and preparing an infrastructure of control.

Bitcoin provides you sovereignty. When you pay someone you are not asking for permission from somebody (credit card company, bank, other). You always have the permission to do whatever you want, it makes you sovereign. Bitcoin provides you the freedom to choose with whom to transact and how you want to transact. It does not care what you are doing, it lets you use your own money how you want, it makes you free. This is the real use case of Bitcoin, it is a digital form of cash. Bitcoin as an investment to get more slavery-fiat completely misses the point!

[HelliumZ]

I don't think relying solely on Bitcoin will fulfill our hopes. We need to focus on other necessary investments, especially in addition to Bitcoin. That is, you have to invest in physical assets like gold, land, etc. Especially Bitcoin can be used as a security for you in your middle age or old age. Even then, there are some necessary things that if you invest in addition to Bitcoin, your life will be more diverse. In that respect, land and gold can be as important as Bitcoin. It is important to keep money in the bank for your future security because relying solely on Bitcoin may not provide you with the convenience you need in the future, so you will need to keep money in the bank as a cash fund.

[Danica22]

Could Bitcoin change my life, or will it mainly change when I reach middle age?

What changes your life is not Bitcoin but you yourself who can change yourself, Bitcoin is only a digital currency or crypto that we know, there are several paths you can take if you bring Bitcoin and yourself.

Trading, mining, investment, those are all paths that drive the direction of your life, Bitcoin plays a role in bringing people to success as they are today, which they understand whether they are young, middle-aged and so on.

Well said, bitcoin or any other asset or investment is not going to change our lives. The only thing that can change our lives is ourselves, no one can do it for us.

Bitcoin is just one of the financial instruments and what it offers is just opening up opportunities but it does not guarantee anything. We are the ones who decide everything.

Those who have become rich from bitcoin by investing early are because they have the mindset, are willing to take risks and have great plans. What they have today is thanks to their own mindset, discipline and effort, not thanks to bitcoin.

[Joy- maker]

First of all I must say this, that It is a good thing that you already have $2k saved in bitcoin, and I will advice you keep on accumulating bitcoin to add up to your existing bitcoin portfolio. And according to your statement, you stated that you can spare out $100 every month to be investing in Bitcoin that's is very good, and sincerely speaking $100 is a huge and a good discretionary income so don't feel it's too little to be investing in bitcoin, because that is what you afford for now to be investing in bitcoin, so keep on investing your $100 consistently every month in Bitcoin, and as time goes on you might be lucky to get another source of income that will increase your discretionary income to something more tangible. Beside that $100 you are feeling is too Small is some person's monthly salary so if you don't know am telling you now, because you are even luck to be having $100 as spare money every month to be investing in bitcoin.

[SuperBitMan]

I don't think relying solely on Bitcoin will fulfill our hopes. We need to focus on other necessary investments, especially in addition to Bitcoin. That is, you have to invest in physical assets like gold, land, etc. Especially Bitcoin can be used as a security for you in your middle age or old age. Even then, there are some necessary things that if you invest in addition to Bitcoin, your life will be more diverse. In that respect, land and gold can be as important as Bitcoin. It is important to keep money in the bank for your future security because relying solely on Bitcoin may not provide you with the convenience you need in the future, so you will need to keep money in the bank as a cash fund.

You are right, depending only on Bitcoin is risky, as an investor you need to also have other investment that is going on for you, for example real estate investment or other investment, we all know that bitcoin investment is a long time investment and anything can happen at any time thereby causing it to reduce in price so if you are depending on Bitcoin alone in your old age it may lead you to frustration, just imagine you have some amount of Bitcoin you are holding and is only your source of income and you wake up one morning and finds out that Bitcoin has reduce in price how will you cope, so it is always better that you have other source of income and not depending only on Bitcoin because of how volatile it is in nature.

[The Cryptovator]

we all know that bitcoin investment is a long time investment and anything can happen at any time thereby causing it to reduce in price so if you are depending on Bitcoin alone in your old age it may lead you to frustration, just imagine you have some amount of Bitcoin you are holding and is only your source of income and you wake up one morning and finds out that Bitcoin has reduce in price how will you cope, so it is always better that you have other source of income and not depending only on Bitcoin because of how volatile it is in nature.

Bitcoin would never have been your only income source anyway. It's an investment opportunity; you can only make money when Bitcoin pumps hard from your purchase rates. It's kind of business but different than typical business. In a typical traditional business model you will have profits in a short time, but with Bitcoin you don't know when you can make profits. You have to wait a bit longer, but I'm not sure how long it would be to get a good profit.

Bitcoin isn't something to make us rich so quickly. We should have our main income sources outside of trading or holding. Crypto investment should be considered as a passive income, but remember passive income would be bigger than your main income as well. It depends on the amount you invest. Definitely Bitcoin would change your life, but it depends on many circumstances. If you are financially stable, then you can invest from your savings after spending on your family costs. Better keep accumulation in DCA strategy, once a day it could change your life.

[fikrett]

I don't think relying solely on Bitcoin will fulfill our hopes. We need to focus on other necessary investments, especially in addition to Bitcoin. That is, you have to invest in physical assets like gold, land, etc. Especially Bitcoin can be used as a security for you in your middle age or old age. Even then, there are some necessary things that if you invest in addition to Bitcoin, your life will be more diverse. In that respect, land and gold can be as important as Bitcoin. It is important to keep money in the bank for your future security because relying solely on Bitcoin may not provide you with the convenience you need in the future, so you will need to keep money in the bank as a cash fund.

Or simply invest into ourselves..Courses, better knowledge and know-how, and so much more.

The more we have to offer, the better our job will be and thus, our capital will be bigger to adjust for investing into anything we desire, be it BTC, gold, or land.

[Y3shot]

Could Bitcoin change my life, or will it mainly change when I reach middle age?

What changes your life is not Bitcoin but you yourself who can change yourself, Bitcoin is only a digital currency or crypto that we know, there are several paths you can take if you bring Bitcoin and yourself.

When some people think about Bitcoin, they just imagine so much from it, believing that Bitcoin can give them the kind of lifestyle they want. Bitcoin doesn't make one rich, and it is not something you can rely on for daily income to live the kind of lifestyle you need.

If you want to change your life, you need to think about what can generate a steady income, consider how to build wealth, and from this, you will be able to invest in Bitcoin, which will yield more profit for you in the future. Bitcoin is a long-term investment, and it is not the type of investment that gives people their dream life on a daily basis when they invest in it.

[melinoe]

When some people think about Bitcoin, they just imagine so much from it, believing that Bitcoin can give them the kind of lifestyle they want. Bitcoin doesn't make one rich, and it is not something you can rely on for daily income to live the kind of lifestyle you need.

If you want to change your life, you need to think about what can generate a steady income, consider how to build wealth, and from this, you will be able to invest in Bitcoin, which will yield more profit for you in the future. Bitcoin is a long-term investment, and it is not the type of investment that gives people their dream life on a daily basis when they invest in it.

Agreed. BTC is no magic spell that generates profits when you get it.

It's a way of life and way of thinking that changes how your value is stored through the years to come.

[michellee]

I don't want to think about it too much and only run DCA according to my plan. We don't know how long we will live but we can keep trying to invest in Bitcoin. We want to acquire many Bitcoins through various methods and you are lucky to allocate $100 per month to invest in Bitcoin.

You should believe that you can do that without thinking about others. Consistently invest in Bitcoin and let Bitcoin work for you in the future. But if you have more free money, you can think about other things to diversify your income.

Bitcoin could change your life but it takes significant effort to get started and to run DCA consistently. You must focus on that without thinking much. What you have now will have high value in the future especially if you have other.

[Justbillywitt]

How do you approach Bitcoin from this position?

Since your income isn't that much, you should continue buying bitcoin the way you are doing at the moment. If your income improves tomorrow, you can increase your investment amount and be doing your DCA on bi weekly basis.

What mindset makes sense for someone who earns modestly and builds slowly but consistently?

The best mindset that I can possibly advise you to  follow is that the investment will be valuable to you in your late 60s and 70 When you have this mindset that this thing  you are doing will benefit you directly,  you will be more committed in building it. But when you are having this mindset that what you are building or the investment you are doing with your hard earned money, that  you won't be the primary beneficial of the profits, you won't be emotivated to continue doing it.

[FortuneFollower]

I don't want to think about it too much and only run DCA according to my plan. We don't know how long we will live but we can keep trying to invest in Bitcoin. We want to acquire many Bitcoins through various methods and you are lucky to allocate $100 per month to invest in Bitcoin.

You should believe that you can do that without thinking about others. Consistently invest in Bitcoin and let Bitcoin work for you in the future. But if you have more free money, you can think about other things to diversify your income.

Bitcoin could change your life but it takes significant effort to get started and to run DCA consistently. You must focus on that without thinking much. What you have now will have high value in the future especially if you have other.

It also takes lots and lots of time, relatively speaking.

More than 4 years at minimum to see good results.

[Bryan jessy]

Life changing depends on how you decide to live your life, but Bitcoin can add to somebody's life by making the already existing life easier, in cases of people who has invested really well in Bitcoin, with enough savings and emergency funds, and also diversify.

To have a life changing opportunities in Bitcoin someone needs to plan, understand the process and do the necessary things involved, long term investment will go a long way, and aside that, investment on other things, like businesses and skills. Because with all this you will never
lack any assets.

[Dogedegen]

I don't think relying solely on Bitcoin will fulfill our hopes. We need to focus on other necessary investments, especially in addition to Bitcoin. That is, you have to invest in physical assets like gold, land, etc. Especially Bitcoin can be used as a security for you in your middle age or old age. Even then, there are some necessary things that if you invest in addition to Bitcoin, your life will be more diverse. In that respect, land and gold can be as important as Bitcoin. It is important to keep money in the bank for your future security because relying solely on Bitcoin may not provide you with the convenience you need in the future, so you will need to keep money in the bank as a cash fund.

Most people do not have any investments at all and they shouldn't be investing anyway. The game is stacked against them and they are too busy to get seriously involved into investing. If you want stocks, then just buy the S&P 500 index. Otherwise buy Bitcoin with a DCA automated system, that is the best for everyone. It requires no time investment and there is no need to compare it to other alternatives.

Well said, bitcoin or any other asset or investment is not going to change our lives. The only thing that can change our lives is ourselves, no one can do it for us.

Not true. Many people have had their life changed through Bitcoin, other investments or other ways of making big money.

Those who have become rich from bitcoin by investing early are because they have the mindset, are willing to take risks and have great plans. What they have today is thanks to their own mindset, discipline and effort, not thanks to bitcoin.

This is also very wrong. Most people were lucky, they were not at all experienced or disciplined investors and they didn't realize the full potential of Bitcoin even if they joined early. If they had, they would have not sold any at low amounts. You are completely mistaken.

Or simply invest into ourselves..Courses, better knowledge and know-how, and so much more.

The more we have to offer, the better our job will be and thus, our capital will be bigger to adjust for investing into anything we desire, be it BTC, gold, or land.

While good, I don't think most people are capable of doing the work required for this and the job prospects of most people are terrible. I've met many people in the professional setting with all kinds of degrees and most of them are terrible at their jobs and terrible workers overall. A degree, certificate and whatever else can improve the prospects but it won't fix the personality of the worker.

It also takes lots and lots of time, relatively speaking.

More than 4 years at minimum to see good results.

Relatively to what? Losing money all the time? 

[purple_sparkles]

I believe that in order to achieve success in life, it’s important to constantly grow, learn, and stay interested in new things, because nothing is permanent. What is relevant today may already become unprofitable tomorrow. And if there are no new ideas and knowledge, everything can end in disappointment and lack of money. As for bitcoin, I think it was a good investment option before, and it still is now, so your capital can work for you. I don’t consider those who got into bitcoin earlier than us to be just lucky, although I don’t exclude that factor they also took risks, invested their money, and believed, relying on intuition. And our intuition is formed through experience.

[serjent05]

But one question keeps coming back to me recently: what if my current circumstances simply aren’t enough for that?

You can assume but it does not mean that it can happen at all.  The anser to this question can be answered by time.  When times comes you will see whether you assumption is correct or not.  But during those time of waiting, you can act and make things lean towards to what you intended it to be. 

With Bitcoin investment and daily DCA, experiencing and taking advantage of dips to accumulate more BTC, and taking advantage of the uptrend to sell and use the fund to buy Bitcoin again at a lower price can make your plan of changing your life to a better one realized.

I’m genuinely just curious: is anyone else in a similar situation? Or was?

There are previous threads that have the same concept as you, so you are not the only one thinking of this kind of approach and doubt.