Topic: Beginners, you don't need Bitcoin first (Read 1273 times)

You don't need Bitcoin first, What you need is a JOB, work on that first.

A simple statement but very reasonable to digest, it is true that there is no guarantee for us to continue to maintain it and put aside the needs of our lives, no one can predict the future but here we can prepare everything to minimize the risks that will occur in the future for a very emergency. You may have enough income for now but it is not necessarily for some time to come, so it is a good choice if you look for other opportunities to increase your income, besides you invest in bitcoin but it would be better if you also look for other opportunities in real life. Inflation will continue to occur and as you and I have said above, you need to look for new breakthroughs to minimize or help you make ends meet in the midst of a significant increase in the cost of living.

if you have no other choice then of course you will sell the bitcoin that you have been maintaining, life is more important and it is indeed the best choice than you let your stomach starve.

But on the other hand you can also continue to live normally in the midst of inflation that occurs and you also absolutely do not lose bitcoin or do not have to sell bitcoin, and the way is to start from now on to find or form new opportunities to increase your income. So it will be very useful for your life in the future.

You don't need Bitcoin first, What you need is a JOB, work on that first.

It's hard to accept but it is the harsh reality. I have also met many people even I am included. Who tries to invest in BTC or Trade in BTC in the hope of making money out of it. The funny thing is we are using the money that's is all we have and starting with zero knowledge.

I mean, in this situation if the market will come down then obviously the trader/investor will panic trade. And will face loss too. So, to keep your mind relaxed and to avoid yourself from all the market sentiments, a source of income is necessary. It's not that compulsory but I would say it's the best practise to have a source of income before investing in BTC or any other currency.

The reality is that it is hard to invest in bitcoin now. Before all you need do is buy bitcoin and watch it 2x in a very short period of time because the rate of adoption was fast. Nowadays, you have to wait for years before you see any profit. Then again, investing in bitcoin as of today seems more complex than before. Too many scams out there, to many security risks out there and other unforeseen circumstances too. Therefore, I buy into the argument the beginners do not need to first invest in bitcoin financial education should be topmost priority and them security before investing.

Having a source of income is a good start to begin bitcoin investment. Bitcoin is a kind of money in which people can invest, and for this to happen their must be a source of income. Bitcoin is money , for one to have more money money their should be a source of income. Acquiring your first bitcoin does not mean one will start becoming financially buoyant.  It is when we have a job that generate money , then more bitcoin can be gotten from its investment.

It is true that there is no guarantee that we will definitely not have to sell bitcoins because the future is unpredictable and life is always full of surprises. But you cannot deny that if we prepare everything well such as having a stable source of income, saving for emergencies... then your investing and holding will be easier and less stressful. Like many people started complaining that high inflation is making them struggle with their daily needs and they are thinking of having to sell their bitcoins because their family's day to day needs need to come first. But there are also many people with good income and large savings, they never thought about selling their bitcoins. Planning for life is very important.

Are you insured against force majeure? I don't think so. Therefore, it makes no sense to talk about having a constant source of income that will help you not to touch Bitcoin on your wallet. Different situations may arise when a large amount of money is needed. For example, for the treatment of a loved one or something else. Well, how then to be? It can't wait long.
Therefore, all these points should also be taken into account and not be so naive in this life.

You are right. Bitcoin investment is usually a long term investment and shouldn't be entered into with the intention of making quick bucks. And moreso, before investing in BTC, one should as a matter of necessity have a reliable source of income, otherwise, they may not be disciplined enough to leave that BTC in their wallet when they start having financial emergencies.

I feel like the advice given by OP, although good, is very obvious to any grown up, responsible investor. I feel like it's aimed towards teenagers for whom bitcoin is their first investment ever.

Do you believe bitcoin holding will bring you great profit in the future or is it just a fairy tale? What's your opinion?

Bitcoin mining is hard; I mean very difficult. It would be an understatement to say that most people are familiar with the equipment used to build mining rigs.

Even if it's meant as a learning experience, the plan to mine for practice might be like building a car from scratch to get behind the wheel. Nonetheless, who am I to make a decision?

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Put another way, "Don't just drive; build the car, the road, and the traffic lights too!" Despite the fact that it defies logic, I admire your faith in Bitcoin, and I admit that I am a little bit envious of your apparent familiarity with the crypto world. Right now, Bitcoin is your only choice.

I have read some interesting stories of few members on this forum that did all they could to buy their first set of BTC years ago and also how they made it through the journey, but one thing that I found missing from those stories is a secured job..

Newbies or Beginners, who are aiming to start buying Bitcoin for future sakes, I want you to take this advice very seriously, do not start your Bitcoin investment living under a roof that still feeds you, it could work but it will make things to be more difficult for you.

When you don't have anything else to fall back on, after asking your brothers or sisters in the family to give you some money for investment, what will you do when you get the Bitcoin? You need to live, you will have desires to buy things, and you will panic if the market move downside even more..

All this will happen because you have no job secured, as a beginner, before investing in Bitcoin, make sure you have a job or source of income, it will make the journey of accumulation to be easier and less bothered about the market behavior.

Pocket money, or the money that someone gives you will only bring you unrest mind if you plan to invest with such money,  it's the type of money you are not ready to lose, because it's all you have, because you have no other money coming from else where.

You don't need Bitcoin first, What you need is a JOB, work on that first.