Newbie can not always be called a Newbie. Those who are new to the Bitcoin market are called Newbies, but not all Newbies do not have sufficient knowledge of Bitcoin investment. Without Newbie there is no Senior, those who have become senior investors start from Newbie. Sufficient capital as a complement in the Investment process, those with sufficient capital are calmer even though the price of Bitcoin is moving sideways.
It doesn't matter where the source of money is used for Bitcoin investment as long as you have mastered the knowledge of investing, knowledge will lead someone to be more calm, patient and relaxed when there is a downturn in the market. This is only limited to your assumptions in my opinion, anyone can invest in Bitcoin as long as they are equipped with knowledge and skills. A person's character is formed from small things and failures in the past, courage in taking action will pave the way to success.
Topic: Beginners, you don't need Bitcoin first - page 8. (Read 1358 times)
What if the person doesn't want to hodl Bitcoin? What if he wants to use it as a means of payment, or he just wants to keep it in Bitcoin for the short term so the money doesn't lose value due to the inflation affecting the value of his local currency?
I agree that everybody needs to get a source of income at least before having Bitcoin as an investment, but I don't think this applies to people who do not want to hodl.
OP never said you have to be "financially buoyant". He said you should have a job or a source of income. This means you should have something can fall back on in troubling times. Like times when the price of Bitcoin is dropping or times when you need money for something. If you don't have a source of income or a job, in times like this, you'll panic and sell off your Bitcoin.
I agree that everybody needs to get a source of income at least before having Bitcoin as an investment, but I don't think this applies to people who do not want to hodl.
I understand your point that bitcoin investment is solely for the financially buoyant people and it is true because of the volatility it possesses.
OP never said you have to be "financially buoyant". He said you should have a job or a source of income. This means you should have something can fall back on in troubling times. Like times when the price of Bitcoin is dropping or times when you need money for something. If you don't have a source of income or a job, in times like this, you'll panic and sell off your Bitcoin.
Obviously those who have shared that same stories about making investment a big issue when they still have no work/job to get money as capital are mostly bounty hunters that have been lured by friends and family to spend their time here in forum for few bucks , I am not making it bad for them but you are correct as many of those people have no literal work and education and only find this forum as a bread and butter.
when they carry to have a internet and gadget ? then starts posting here and making money from all areas of crypto that they can manage to earn from small to big amount.
and yes they are also the weapon of those scam sites to spread their site from bounty hunters that sometimes almost willing to become a victim.
I strongly agreed in your presentation here mate though sad to admit but we will not earn anything from those as they also have no choice , maybe some of them cannot find a decent or even a not decent job?
some of them find this place as easy money making area?
that is the sad reality and we must bare with it as lets not be affected of what they say instead let us act for what we believe is true and what is the true value of investing .
Its true that our forum give bounty hunters who rely on crypto a platform, which might cause anger. We mustnt overlook the big picture. This space promotes decentralization and financial inclusion for everybody. If bounty hunters can earn through cryptocurrency, it shows that the internet has democratized wealth-building tactics. We should analyze their tactics rather than dismissing them. Scamming is a huge problem, and we must all be careful, but labeling all bounty hunters is not the solution. Educate and make everyone safer when they carry to have a internet and gadget ? then starts posting here and making money from all areas of crypto that they can manage to earn from small to big amount.
and yes they are also the weapon of those scam sites to spread their site from bounty hunters that sometimes almost willing to become a victim.
I strongly agreed in your presentation here mate though sad to admit but we will not earn anything from those as they also have no choice , maybe some of them cannot find a decent or even a not decent job?
some of them find this place as easy money making area?
that is the sad reality and we must bare with it as lets not be affected of what they say instead let us act for what we believe is true and what is the true value of investing .
You have brought up beautiful words of advice. Newbies jump right into investing in Bitcoin. Investing in Bitcoin is no longer profitable and requires patience. If you invest all your money in Bitcoin,you will face many problems to make a living later on. Bitcoin is a platform where everyone is willing to invest. I have also invested in Bitcoin. I first came to know about it and then invested in it. I have invested in Bitcoin from my separate income so I don't face any problem.
You don't need Bitcoin first, What you need is a JOB, work on that first.
Very useful advice, but I don't think many people will do this, even though many have the wrong mindset that investing and trading bitcoin can be the main job. They think bitcoin can save them from unemployment and give them income without having to work much.
Indeed, if someone is unemployed with a steady income, they are still struggling with every meal of the day and have no savings. It's best never to think about investing in bitcoin because it won't make them any better. Investing is only thought of when we already have savings, and even if that investment loses, it doesn't affect us because investing is risky.
I don't understand why they think that Bitcoin can be the job itself. Unless you're some kind of public figure or trader, but it's some kind of job already.
Some people think that Bitcoin itself can get them jobs when in reality it is not and the good thing to do is to have your source of income before engaging in crypto but you can also do some research while waiting for any job available because by doing that, you are not wasting your time rather you are just gathering information and you will gonna know what to do when you have all the knowledge necessary for investment. I know the feeling when you have the knowledge and you don't have any money, it really hurts you know? thankfully my brother trusted me and let me borrow some money from him which I quickly pay him the next month that year.
I think they can start whenever they want, they don't need to wait until get a job. even my younger brother start his bitcoin investment since he was a highscool student, he was go with anything he has, and now he is rich, of course he also get a job after graduate. in my opinion they need to manage the risk and learn more knowledge. if they do this investment in a smart way then I think there is no problem. but still get a job is important for life. as bitcoin is mostly being traded in exchange site that makes it's price volatile then I think it will be good if they learn about trading too, although maybe they will not become trader but at least they have enough knowledge to know when is the right time to buy bitcoin according to their personal condition.
Is not even about getting the Bitcoin, but rather about having the resources to buy, and I fully understand what the poster is trying to say that sometimes purchasing Bitcoin at that specific time should not be your target is not an investment you get into and start earning money, but the issue now is that if you want to enjoy investing in bitcoin it should be with funds you don't need, which is why I don't encourage people to take a loan to purchase bitcoin as it is a very risky step to take. and the problem is knowledge is always not considered and you can not enjoy being an investor without proper knowledge, left me to get a job and focus on the needful before investing that is just the best.
You don't need Bitcoin first, What you need is a JOB, work on that first.
Very useful advice, but I don't think many people will do this, even though many have the wrong mindset that investing and trading bitcoin can be the main job. They think bitcoin can save them from unemployment and give them income without having to work much.
Indeed, if someone is unemployed with a steady income, they are still struggling with every meal of the day and have no savings. It's best never to think about investing in bitcoin because it won't make them any better. Investing is only thought of when we already have savings, and even if that investment loses, it doesn't affect us because investing is risky.
Being new to crypto, I was intimidated until I found XGo Swap. It helped me understand the ropes and makes trading seem less daunting. As for currencies, I started with PEPE. It seemed to be quite popular right now.
You don't need Bitcoin first, What you need is a JOB, work on that first.
That's right, friends. The real thing and in accordance with the title of your post, Yes. the name also invests anytime and anywhere, let alone in BTC. Yes. self-fulfillment is the main thing. If you have excess funds, which do not interfere with someone's expenses, it is highly recommended. Of course. there is and a feeling of anxiety is born after we enter investing in this crypto world. seen if the market crashes and corrections occur at any time where the impact is to reduce the investment value. It's normal and don't overthink it.
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.
I don’t see any reason why a person still living with his parents shouldn’t invest in bitcoin when he has the means. I even feel that way it would be more convenient because you have limited things to worry about. You wouldn’t be thinking of how to buy food or pay any bills because you have someone taking care of those things for you already so that way you can easily channel all your little income into investing. 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
It's a very good suggestion, but many beginners who have no source of income would like to own a bitcoin. They would invest using their pocket money, which they are supposed to live on, knowing full well they need the money and can't afford to lose it, getting themselves into unnecessary frustration. However, some people are actually from wealthy families, and even without work they have everything they need and they don't have to worry to buy things they desire. Its always advisable to invest money you won’t need later and if lost it wouldn’t affect you in any way.
If all you have because you have roof over your head is 100$ and you drop all that into Bitcoin, what would 500$ do for you in 2025? You are still in the same place where you begin your journey, by the time 2025 gets here you would have grown some years more and you will want to have some things going on in your life, 500$ won't change anything.
Let's put aside the wealthy families, some of them children don't even have interest in Bitcoin, poor people and those who are living comfortable are more into Bitcoin that those rich youths from rich families.
I want a better life in future is different from I am already from self made rich family, what else do I need kind of thing.
Where I am from, majority of Bitcoin investors here are people who are struggling, not from rich families, so my advice is saying this is the way to make things more easier.
Yes, this is very good advice.
You do not have to get a high paying job as an executive to afford a few Dollars worth of Bitcoin. One of the big mistakes that most newbies do in the beginning, is to think that they have to save up to buy 1 whole bitcoin. You can buy 5 Dollars worth of bitcoin every week and you can say that you are "buying" bitcoin.
I started with small amounts and I bought at a low price... my $300 worth of bitcoin... back in the day, provided me with huge profits.. when the price of a Bitcoin increased to $40 000.
You do not have to get a high paying job as an executive to afford a few Dollars worth of Bitcoin. One of the big mistakes that most newbies do in the beginning, is to think that they have to save up to buy 1 whole bitcoin. You can buy 5 Dollars worth of bitcoin every week and you can say that you are "buying" bitcoin.
I started with small amounts and I bought at a low price... my $300 worth of bitcoin... back in the day, provided me with huge profits.. when the price of a Bitcoin increased to $40 000.
Others also tend to take a loan without planning how to pay it back. Newbies are for sure only thinking about profit, like if they bought, let's say, $5 worth of bitcoin, they are thinking that it is too small and also that the profit is low. That is why they want to save up until they can buy 1 whole bitcoin, but turns out they tend to fail in savings. It is better to accumulate it over time because you can be sure that you bought it, just like if you allocated some money every month or your salary and bought it directly to bitcoin.
Obviously those who have shared that same stories about making investment a big issue when they still have no work/job to get money as capital are mostly bounty hunters that have been lured by friends and family to spend their time here in forum for few bucks , I am not making it bad for them but you are correct as many of those people have no literal work and education and only find this forum as a bread and butter.
when they carry to have a internet and gadget ? then starts posting here and making money from all areas of crypto that they can manage to earn from small to big amount.
and yes they are also the weapon of those scam sites to spread their site from bounty hunters that sometimes almost willing to become a victim.
I strongly agreed in your presentation here mate though sad to admit but we will not earn anything from those as they also have no choice , maybe some of them cannot find a decent or even a not decent job?
some of them find this place as easy money making area?
that is the sad reality and we must bare with it as lets not be affected of what they say instead let us act for what we believe is true and what is the true value of investing .
when they carry to have a internet and gadget ? then starts posting here and making money from all areas of crypto that they can manage to earn from small to big amount.
and yes they are also the weapon of those scam sites to spread their site from bounty hunters that sometimes almost willing to become a victim.
I strongly agreed in your presentation here mate though sad to admit but we will not earn anything from those as they also have no choice , maybe some of them cannot find a decent or even a not decent job?
some of them find this place as easy money making area?
that is the sad reality and we must bare with it as lets not be affected of what they say instead let us act for what we believe is true and what is the true value of investing .
Yes, this is very good advice.
You do not have to get a high paying job as an executive to afford a few Dollars worth of Bitcoin. One of the big mistakes that most newbies do in the beginning, is to think that they have to save up to buy 1 whole bitcoin. You can buy 5 Dollars worth of bitcoin every week and you can say that you are "buying" bitcoin.
I started with small amounts and I bought at a low price... my $300 worth of bitcoin... back in the day, provided me with huge profits.. when the price of a Bitcoin increased to $40 000.
You do not have to get a high paying job as an executive to afford a few Dollars worth of Bitcoin. One of the big mistakes that most newbies do in the beginning, is to think that they have to save up to buy 1 whole bitcoin. You can buy 5 Dollars worth of bitcoin every week and you can say that you are "buying" bitcoin.
I started with small amounts and I bought at a low price... my $300 worth of bitcoin... back in the day, provided me with huge profits.. when the price of a Bitcoin increased to $40 000.
I think they can start whenever they want, they don't need to wait until get a job. even my younger brother start his bitcoin investment since he was a highscool student, he was go with anything he has, and now he is rich, of course he also get a job after graduate. in my opinion they need to manage the risk and learn more knowledge. if they do this investment in a smart way then I think there is no problem. but still get a job is important for life. as bitcoin is mostly being traded in exchange site that makes it's price volatile then I think it will be good if they learn about trading too, although maybe they will not become trader but at least they have enough knowledge to know when is the right time to buy bitcoin according to their personal condition.
If newbies plan their future to buy bitcoins, they'd better aim for it. But before investing in bitcoins one must practice some cautionary advice. So that a new bitcoin investor can acquire the skills to research and research various aspects of bitcoin. In that case a new investor should learn to analyze various aspects including the volatility of the Bitcoin market before investing in Bitcoin in the first place. Some of the Bitcoin research that is very important learning for them in the future these things they must know. And the main purpose is not to make a profit by investing in Bitcoin, the main purpose is how to succeed in the future by investing. In that case, take advice on how the Bitcoin markets move up and down and proceed to invest. It is possible to be successful in investing in the future only by analyzing all these issues well and gaining knowledge and skills to start the journey for Bitcoin investment.
There are, of course, a number of ways to earn Bitcoin, but the easiest and fastest way is just to buy it. So, yeah, money is what we need first before Bitcoin.
I have read countless of times newbies inquiring about airdrops and faucets and other ways to earn free Sats and the usual advice is for them to go get a job. Taking advantage of these freebies is not only a very slow way to build a Bitcoin portfolio it is also risky and a total waste of time.
Having a regular salary or a stable source of income is where we should all begin. After all, the money that goes into Bitcoin you can't just spend anytime soon.
I have read countless of times newbies inquiring about airdrops and faucets and other ways to earn free Sats and the usual advice is for them to go get a job. Taking advantage of these freebies is not only a very slow way to build a Bitcoin portfolio it is also risky and a total waste of time.
Having a regular salary or a stable source of income is where we should all begin. After all, the money that goes into Bitcoin you can't just spend anytime soon.
It’s absolutely a good idea to have other engagements and not rely on bitcoin to be all that is for your survival or means to a livelihood. Even in the crypto space, they talk about diversification and that didn’t mean just buying bitcoin, altcoins, NFTs and whatever is out there in the crypto space.
Still, that doesn’t mean you can’t own bitcoin if you can afford it and know well enough how to protect your asset should you eventually buy some.
Your extent of diversification should involve taking other investments outside crypto, working a job, owning businesses and offering services.
In the event that one fails or is doing badly, you’ve always got something to fall back to.
Still, that doesn’t mean you can’t own bitcoin if you can afford it and know well enough how to protect your asset should you eventually buy some.
Your extent of diversification should involve taking other investments outside crypto, working a job, owning businesses and offering services.
In the event that one fails or is doing badly, you’ve always got something to fall back to.
-snip-
People that dared to go against the grain and take the plunge were behind some of crypto's biggest triumphs. This isnt meant to promote careless spending, but rather to bring attention to the fact that there are other ways to achieve success without following the herd. In other words, make sure your lifeboat is ready to go, but also be prepared to sail off into the unknown if thats your thing.
There are many ways to achieve crypto success, if making reckless spending and indeed going against the grain to make investments without any knowledge, it also needs only a little knowledge that Bitcoin is the best to buy. People that dared to go against the grain and take the plunge were behind some of crypto's biggest triumphs. This isnt meant to promote careless spending, but rather to bring attention to the fact that there are other ways to achieve success without following the herd. In other words, make sure your lifeboat is ready to go, but also be prepared to sail off into the unknown if thats your thing.
If you take the risk of investing and buying Altcoin, it is a reckless act.
See how Altcoin has experienced a lot of decline especially new altcoins that are not clear developments.
Don't try to follow a lifeboat that you don't know, it will be dangerous and make you lose contact.
Follow those you already know then it will save you.
A steady job that gives pays you a tangible salary is no doubt needed if you are planning on starting an investment be it bitcoin or any other type of investment and I came to know and understand this fully from a friend who was so eager on knowing how he could start up an investment on bitcoin due to the numerous success stories told to him and believe me I tried all my possible best to explain this whole advice you are giving now to this fellow but it all seem to no avail as he had big plans of how he wanted to lots of cash if paraventure the price of BTC actually shoot up.
I had no choice but to guide him on how to get BTC so he can save and the funny part is that his wife was actually pregnant and I thought desperation was also one of the reasons he was thinking that bitcoin was some kind of get rich scheme where he can make lots of cash overnight. To cut the long story, he later sold the BTC bought after some weeks, he aked me to help him as he was desperate to use the money to cover up other finances. So lacking basic plan or even a job before going into an investment is like just a total waste of time and sometimes you might even end up Loosing from your own end (capital money).
I had no choice but to guide him on how to get BTC so he can save and the funny part is that his wife was actually pregnant and I thought desperation was also one of the reasons he was thinking that bitcoin was some kind of get rich scheme where he can make lots of cash overnight. To cut the long story, he later sold the BTC bought after some weeks, he aked me to help him as he was desperate to use the money to cover up other finances. So lacking basic plan or even a job before going into an investment is like just a total waste of time and sometimes you might even end up Loosing from your own end (capital money).
Jump to: