Topic: Am I Too Broke To Own Bitcoin? - page 2. (Read 573 times)

One is poor only if they choose to be. The decision to HODL for a long time is solely in your hands. It's left for you to know if to buy in little fraction and DCA just as Michael Saylor is doing to Microstrategy. No body is going to take off this instability in holding your coin for a long time, it is only you, and yourself that is meant to emancipate yourself from such dismay. If your main intentions investing in btc is for financial independence, I'll say you clear such ideology from your head and see btc as it is; with its unpredictable, uncertain, volatile and decentralized nature aspect of it. BTC isn't a Ponzi scheme bro. You got all it take to emancipate yourself to financial independence. A $100 or $200 is going to play a vital role in this journey if you DCA.

It has been long that I have known about bitcoin and how it is trade, even if I don't have much knowledge about it I know that if I've had even one I will learn and trade but unfortunately for me I can't afford it due to financial status
I have dreamwd of getting money and have big investment on bitcoin, I will rather have ininveat in bitcoin than to have money in my account because it's good and comes a lot of  chance getting profitted if I have good lesson on trading which won't be hard if I could have
Moreover my dreams never die, I pray have hope I have one day so that I can trading and own a lot of profit on future which i loudly say ameeen to.

Probably right, I mean 1 Bitcoin was actually so expensive that minimum wage people cannot really afford something like that, even me was having a lot of difficulty to earn 1 Bitcoin I have a pretty decent job was the salary was just average just enough for me to pay my bills and buy most of the things that i wanted, but buying Bitcoin was probably going to be difficult probably if I'm going to accumulate it, that would take me years and years just to earn 1 Bitcoin.

I would say that holding Bitcoin isn't for everyone right but it wasn't because you broke because at any amount you could still invest in Bitcoin and at the same time we have DCA where you could slowly accumulate Bitcoin, I've been doing DCA and I would say that I accumulate a fair amount of Bitcoin. Still, the thing is you are making a profit even though you didn't earn 1 Bitcoin or something like that, profit is still there if you are going to hold your Bitcoin, unless you have other sources of income like a business and other passive income you're not really going to accumulate 1 Bitcoin with just one job it seems to be impossible unless you have a very high salary.

I do DCA with my freelance money, even though it's not much and as the time goes on you get less Bitcoin if the price is up. But I don't really care that much because my point is to make consistent investment for the future. 300% is already much although 1000% for Bitcoin is still possible if you see the Bitcoin's performance in past decade. The only problem is your patience, but for me I can do it for now.

borovichok you may have to edit and correct typographical error in you statement you wrote bitcoin talk instead bitcoin which is what you meant from your statement, back to our discussion, Bitcoin is a developmental part of, and when an individual understands the steps in owning and maintaining Bitcoin.

Most time, the majority of those who have bad experiences with Bitcoin or the cryptocurrency industry are all driven by their greed which makes them to easily get pressured into investing in fake and scam projects and calling it Bitcoin investment,  whereas there are just Ponzi and nothing close to the true aim and practice of Bitcoin

Not everyone knows how they are supposed to invest in bitcoin or what things are supposed to be taken into consideration before investing in bitcoin. I know in most places people are always talking about bitcoin, and everyone will just want to invest in bitcoin without even knowing what bitcoin is all about. If you are receiving a salary and the amount you are receiving won’t be enough to take care of yourself, then you shouldn’t force yourself to invest in bitcoin. If you do that, then you are still going to sell back your bitcoin, and we all know bitcoin is volatile, it might have dumped and you will be selling it at a loss.

After getting a better job, make sure you have some savings outside cryptocurrency before you plan to invest in bitcoin. If you are investing without having extra funds as your savings. In case you need money and you don’t have any money with you, then you will end up selling your bitcoin, but if there is money outside cryptocurrency, you will be able to make use of that without even thinking about selling your bitcoin.

This is simple question that also needs a simple answer. Yes Bitcoin hodling is not for everyone because many people attached their livelihood to the investment of Bitcoin and once you attached it like that then you can't hodle Bitcoin again then another thing that would not make someone to hodle Bitcoin is if you are not doing something to backup your investment then there is no way you can hodle Bitcoin because you be using the ones you invested in to settle some bills and personal expenses.

You can only hodle Bitcoin if you doing something which will not allow you to touch your Bitcoin again. I have said this in the my local board and other general boards. The best way to hodle Bitcoin is to invest in another which would bring food to the table always then your investment is 100% save to be sure. But if not then the opposite is the case.

You have a big dream that will take you years to achieve. Depending on Bitcoin investment is good but you need another way of making money in order to able to hold Bitcoin for long.


Holding bitcoin is not for everyone, it is a discipline that one needs to have because some people cannot even save their own money which is very risk and un controlled use of money.
If you want to hold bitcoin, you need a strategic plan like DCA, so that you can be saving some percentage of your income so that you will keep accumulating their Bitcoin.
 

It would be wise that you should really be that only investing on the amount on which you can afford to lose and never ever consider on making use of money which is really that intended for those important reasons.
In this case, if ever shit happens then you wouldnt really be able to pull those investment since you do already have that allocated funds for that one. Yes, not all would really be having that the same situation when it comes to their earning on which we do have different jobs with different paychecks plus having that different expenses on which means that financial capacity when it comes to Bitcoin investment would really differ.
Just dont make yourself having those discouragement just because you cant be able to store up huge amount of coins.

Do it on a gradual phase and in moderation, try out to save as much as you could without having that desperation in mind. You should really be that wary about the risks
about Bitcoin investment too. If  you do tend to hold for long then try out to have that good financial management on everything at least.

Alright buddy, no hard feelings. Slightly pissed with their presumption that it's Bitcoin I'm depending on to reduce financial stress though I made it clear I barely HODL. My Odd job business is just a side job to help keep the pressure down. My main business has got nothing to do with Bitcoin. That's what I hope to retire on

To get returns from bitcoin - you don't have to be a holder. You can exploit price volatility to gain profits - but holders believe that bitcoin can give them more returns if they hold it longer.

Yes - especially if you have nothing in your budget other than bitcoin. You should have reserve funds that can help you in times of need - that means you have more options when you need money besides just having bitcoin.

300% is a good return to ignore - I don't have it yet, maybe the time will come to get that much return. As of now I still feel comfortable being a holder - the volatility doesn't affect me, it's just an important part of this very free market.

Alright, buddy, take a chill pill. We are just having a discussion here, nobody is attacking you.

If you want people to understand you better, maybe you should try explaining yourself more clearly. "OddJobsForBitcoin" is your username, right? So what were you talking about if not Bitcoin? Be specific.

Now it just depends on the actual belief because seeing from what the OP is talking about he doesn't even hesitate to sell even though bitcoin is correcting and the price is detrimental to him to sell so there are a few things I can take in this case.
First, the op does not really understand what is meant by investment because he only tries his luck and sells when prices are bullish but because of his lack of knowledge and several other conditions, he also feels very panicked and does not hesitate to sell when he is in a loss in the hope of buying at a lower price.

If it's like this continues to be done then I think what's the point of being in bitcoin if you don't really understand how it works because it's like gambling that uses instinct alone without any knowledge in it.
Although there are other considerations because it could be that he lives in a big city in a developed country that does require high finances for living expenses but actually $3000 is a large amount and it depends on the lifestyle as well even though living in a big city in a developed country if in the end we can manage finances well then that amount will not burden him for one month.

If you are selling your coins for genuine reasons then you are doing good. If you are investing in bitcoin and still paying all the bills then you are doing good.
But if you are spending lavishly or have a luxurious lifestyle and still complaining about not being able to HODL bitcoin then you are doing something wrong.
If you are earning $3000 from your job then you must learn money management to track your money spend it wisely.

Holding bitcoin is for everyone but it depends on how capable they are of holding it. Most people want to hold bitcoin until the bull run but in reality, not many can afford to keep holding it. They panic too much when holding it and when there is negative news, they rush to sell it because they fear the price will decrease further even though it's not like that. The price did decrease but it was only temporary and gave them the opportunity to buy more. That's what they don't understand.

With that income, you can start investing in bitcoin by buying little by little and regularly so you can collect bitcoin before the bull run comes. That will give you the opportunity to sell the bitcoin at the latest ATH price later. Many people have felt the benefits of bitcoin so they still want to continue investing in bitcoin.

Maybe then you should write about your business illusions somewhere else, not on the Bitcointalk forum? Have you noticed that your topics are disappearing or being locked? The forum is sending you a message, and if you continue in the same direction, you will surely have much more time for your odd jobs

I can say its fine as long as their are earnings comes in your wallet then this is good so don't get pressured about those holdings since once you gain a lot of experience for sure there will be a lot of clients will hire your service and from that you might have enough money to spend to buy bitcoin for HODL. So don't focus on negative things and much better if you put some attention on how you can enhance your skills and get better salary once you became a quality worker.



You mean you are earning below $3000 a month? or year since if you are talking about for months then this is huge since not everyone is capable to earn that amount monthly and for sure there's a lot of things can be done with that amount since you can buy some small fraction of bitcoin for extra money you have. BTC holding might not for everyone but you can do something so that you can expand your knowledge then next to that is your earnings and for sure maybe in future you can afford to hold because you are earning well with those extra curricular activities done here or maybe even outside of this platform.




Yes I'm comfortable with it and I may not have capabilities to buy a whole but trying to accumulate some volume so whatever percentage intended for doing this is already fine. Just keep dreaming everything is possible.

The individual can pay for their needs if the need is met. There won't be an issue because everyone wants to invest in bitcoin and some people are unable to pay their bills or even make ends meet. I am aware that if I have money or a job, I have learned from others that having other enterprises or a job is necessary to enjoy being an investor. Additionally, there are many talents that are currently in high demand, but the reality is that not everyone will invest in bitcoin. If this is the case, your best option is to hunt for alternative sources of income. All that people desire is fast money.

Yes, maintaining humility is one of the best traits to have when looking for money. After all, everyone can use money for investments or for luxury. But before someone can enjoy themselves, work hard and make money.

If you got $3,000 a month that is huge mate compared to my monthly income of just $150 all in all. But with $150 I still managed to have $100 worth of Bitcoin monthly though it was from a signature campaign, I was just  confused but yeah maybe you also got some liabilities. I believe we can achieve financial freedom with Bitcoin as long as we keep on buying or hodling we just need to be patient.

You should rather read with understanding and stop jumping into conclusions because you've already made up your mind on what you want to type. There was nowhere I specified that it was Bitcoin that would help me gain financial freedom in 2 years.