Topic: Bitcoin can change lives - page 7. (Read 1085 times)

Very well, I agree with you. As you say, Bitcoin is not necessarily life-changing. It is true that Bitcoin alone cannot fulfil the quality of life. Firstly, the lineage of life change is not related to Bitcoin, because in order to improve or change life, you must put efforts into the real world. Be it any work or any business, a person would be successful as long as he completed the work instead of smart thinking. It means that the success of life depends on effort; whether it is a business or a cryptocurrency (Bitcoin), efforts have to be put into both to change lives.
Just in cryptocurrency, you have to improve your investment or trading strategy as your main aim, and in business, you should base your main aim on what is required according to the standards of this business.

So the point of saying this is that life-changing is not dependent on anything in the sense of improvement; it depends on you and what you are capable of doing. It is true that Bitcoin is not a life changer for everyone, but it is a better medium to change his life easily as compared to physical or a much more effort-intensive business. But it is not obligatory for everyone to get into Bitcoin and change their lives; it is for those who preciously meet up on the required criteria for Bitcoin profit gainers.

While it’s great and all that you’re urging the new generation to invest in the world of cryptocurrencies. It’s not really advisable to put bitcoin onto some pedestal as if it can never do weong and it would only give you benefits and blessings, there’s major risks that come with investing in the cryptocurrency world let alone bitcoin. If you get into this industry with the mindset of only ever earning money without making yourself aware of what the real dangers of bitcoin investment could bring, you’re sure to lose money, and your sanity in the process. So take precaution when tellinvpeople about bitcoin, make sure that you know what you’re talking about.

Talking about the positive 'Bitcoin can change life', I may agree if we are all rich in here. Basically I somehow agree with this plain statement, Poor can  get rich and the rich can be wrecked. If you talk about the potential of bitcoin, be fair and consider the value of time, bitcoin's potential isn't that high these days, quick rich as per the OP, if you wanna be filthy rich with your $1000 go find an altcoin that has totally no use, hyped and influenced by social creeptors. It is crazy how people believed that it is the way to get rich, if you know how it works, you know.

Bitcoin changes people's financial status if he invests in Bitcoin his life improves financially. But Bitcoin cannot change our lives. If we don't choose Bitcoin as our means of getting rich then it will not be good for us. Then you rush to invest bitcoins and you may face losses. So we should not think of getting rich overnight by investing in bitcoins but we should go ahead with time by investing in bitcoins. Then we can achieve success through Bitcoin.  And day by day the popularity of Bitcoin is increasing and people are getting interested in investing in Bitcoin.

We can always analyse the market in our own ways but that does not mean that what we predicted will always come to reality. The crypto market can be very risky that is why we need to make good plans with alternatives for us to earn from the market. The plans we make cam help us in the future if we notice that there is any other alternatives we can make money from the market.  Since the introduction of Bitcoin, there are many people that there lives had changed because they took good use of the opportunity of Bitcoin investment. We can make good profits from the market if we are patient and ready to hold for long.

I really want to know how bitcoin is helping people living in a country at war? Does Bitcoin help end war, does Bitcoin help people avoid bombs and bullets? Furthermore, if bitcoin is the only thing that can beat inflation, what role has gold played over the past thousand years as the world economy collapsed multiple times? Meanwhile, bitcoin has only existed for 14 years. I like bitcoin and I also invest in bitcoin but I prefer to tell the truth, be realistic rather than just exaggerate things beyond what is necessary.

Bitcoin can change lives and it can also save lives, I wonder what the economic situation will be in countries where there is war right now, their currencies will be greatly affected than ever before, this is where Bitcoin will be very useful, I believe it's better to still use Bitcoin to store your money, even if you travel out of the country your money will still maintain good value thanks to Bitcoin, it's just that people learn the hard ways.

Bitcoin is the only thing that beats the inflation right now and also been a decentralized currency makes a lot of sense to me, even if Bitcoin turns into stablecoin I will still use it every time because of its decentralized nature, people don't know how useful Bitcoin is until it's too late, your Paypal and Mastercard can't save you from certain situations in the real world, only Bitcoin can.

Many people around me failed to aid my advice and now they are seeing things crumbled right in front of their eyes, now they don't even have enough to invest in Bitcoin, because the situation of my country is very bad and still crumbling, I might have to leave in future but thanks to Bitcoin my money, everything I've made is saved because of Bitcoin, I hope people learn before it's too late.

Having Bitcoin gives us some hope that we can make our lives better and it does. What happened to those early investors who now become rich, they become an inspiration to the newcomers believing that it will happen to them as well. More and more people are coming because they see how it changed the lives of old investors. But guess what, it also creates regrets for some people who heard it before but ignored it as they think it was a scam.

If some people had seen the benefits of Bitcoin, I don't think we have a reason to set aside this opportunity.

These geniuses will not lead others to destruction by predicting the future with digital currency in their own way.  It may be that someone invested 1000 dollars in your words but it came to half price after few years.  And no one has been able to predict the future of crypto until now.  And you are saying it yourself.

Bitcoin certainly has the ability to change lives if you believe in the process and hold Bitcoin for the long term. Let's say you purchased BTC 10 years ago; you could be a millionaire by now. If you invest in BTC now, there are chances that you might end up earning huge profits in the next few years. It could be more than your pension fund. Invest in Bitcoin whenever you have the opportunity and forget your investment for at least ten years. Bitcoin also enables you to have full control of your finances and transactions. It can also be a hedge against inflation and devaluation in currency in a country where economic uncertainty and political instability are major concerns. You should analyse the risk associated with Bitcoin and the amount of money you want to invest before making a final call.

Agreed, bitcoin has not only changed people to gain profits from investing in bitcoin alone but also changed bitcoin as a substitute for banks for transactions around the world.

As happened to me who didn't have Paypal, didn't have a Mastercard, and previously couldn't make online transactions and purchases between countries. It's very different now with Bitcoin I can do everything, including now I can get financial benefits because I have invested in Bitcoin.

There are many benefits, as we can see now from this bitcoin forum, many people feel the benefits of Bitcoin because it has given us opportunities and made our lives better than before, and of course we have to thank Satoshi Nakamoto.

We all know the past events of Bitcoin and the value of Bitcoin was once very low. Those who invested at that time have now got a huge amount of profit, and they became rich overnight. We can say Bitcoin is a digital currency that can change the future of any person and solve their financial problems. Although we saw that the price of Bitcoin once touched $69k dollars and then Bitcoin made a new history in the crypto world. Moreover, people are making their money in Bitcoin because of the current position of BTC and people are most interested in investing and because of the huge amount of profit that can be made from Bitcoin. And if you are currently investing in Bitcoin, good days are definitely ahead for you. As we wait for a bull to come, people are investing and hodling Bitcoin so that they can make enough profit.

Your suggestions is great but the economy situation of the world most time force people out of the market when things become extra ordinarily high and the cost of living is very difficult.
Since Bitcoin bull run and bear market follows almost same pattern, I think a new investor who has made profit from any of the bullish market can diversify their profit to businesses to make more profit then re-enter the market when the bull run is closer.

Yes, it is true that Bitcoin can change lives, but we also have to take a risk for it to change our lives. However, one also needs to sacrifice what one can afford to lose in Bitcoin. When the price of Bitcoin is low, there is no need for the person to hesitate about buying as much as he can afford. Bitcoin investment is what not to joke about, when you have the money to buy, buy at that time and not to adjourn for letter.

For one to get rich in Bitcoin, the person must be committed to accumulating Bitcoin either weekly or monthly just for over a long period of time. Bitcoin is not a get-rich-quick scheme. Patience and knowledge are the most important things. Why is knowledge? Knowledge is to learn how to buy and also how to minimise spending on a daily basis and patient is to control your emotions when price drop and still continue to accumulate or extend the date for selling your holdings.

Even though the growth of Bitcoin that you see now seems slow in the market, it could turn out to be faster because in the past Bitcoin has also grown more slowly. However, this does not last forever because faster price growth changes can still occur in Bitcoin, and it is very natural that investors who invest early will get higher returns. Because they have long risked their time by being patient on the investments they made earlier.

You can continue to apply this to yourself, because if you buy Bitcoin just once you can change your life and become rich, just imagine if you buy Bitcoin many times and you can continue to make a profit from your purchase. Maybe you will be much richer than now, although everyone also has to hope for luck after buying Bitcoin because not everyone can make a profit at the same time on Bitcoin. So apply this as much as possible so that you can continue to be rich and not become poor again in your life.

     I didn't read anything where Op said that 13 years from now anyone has to buy 1000 dollars to become rich. It seems he just showed the situation 13 years ago that if there were people who invested 0.2 dollars, the price of BTC worth 1000 dollars is rich for sure at the price we have now.

    But OP did not emphasize that we should buy at least $1,000 of bitcoin now and then wait 13 years for what happened 13 years ago to happen again. That's not what he said; well, he did mention that it would be nice to do the DCA, which he was right about. I don't see any reason why what he said is bullshit. I'm not defending the OP; I'm just showing what the argument is being discussed here; it's just that your interpretation is different.

I also don’t think this kind of method can work in the industry, but rather someone should have another thing done that will pay him out there. I think that will be much better because the money that’s the OP thinks will be profit is too high, and when is that going to be possible? I believe it will take too much time, even though we advise long-term investment. However, if it’s a skill or job, I believe some may get the money the OP wrote there before the time he indicated, so I also think had paying work outside will make more sense than this one.

---

However, someone can also use a small amount of money to invest and then focus on other things that will generate him more money outside the crypto space because, to me, it makes more sense than investing a large amount of money in crypto and staying poor or facing financial difficulties. You can see that that little investment you have there will be there for a long time, but for someone to invest a large amount anytime the price goes another way that he thinks will not fail, he will start panicking.



Yeah, bitcoin changes our lives based on how we view it. People who invested in bitcoin in the early days of bitcoin are the ones who benefit more. We early investors don't view it the same way they did, so most of us today are so patient to hodl for a long time that we are not ready to take such a risk. If you look at the early investors, that is what helped them. However, I believe that when emotionally okay in the crypto investment, I believe bitcoin will change our lives positively if we follow the due process.

Limiting the quantity needs to be accompanied by utilities that everyone needs, then the scarcity of bitcoins is truly promoted. If bitcoin were not anonymous, not peer-to-peer, then scarcity would not work.

But saying bitcoin changes life is not entirely true because it depends on us. If we simply think that buying bitcoin will make us rich, not many people will lose money investing in bitcoin. Bitcoin is a volatile asset and it will change the lives of those who know how to utilize it effectively.

It is not Bitcoin that changes our lives but us ourselves. Bitcoin is just an asset that we acquire and it always depends on us whether how we intend to use Bitcoin either we buy and sell or just hodl. Our strategy and our emotions are factors affecting the achievement we got at the end of the day. Bitcoin is for me an effective tool to change our lives and unfortunately, it is not instant.

Definitely Bitcoins have changed the lives of early investors who showed trust in it. In the initial days when everyone looked at Bitcoins with hate and considered it as a mode of scamming people, these people showed trust in Bitcoins and invested in it. They knew the capability of Bitcoins and hence they bought and stored it. Bitcoins are limited in number. This one statement is enough to tell what Bitcoins will do in the future. So just accumulate the Bitcoins whenever you can and sell it at higher price.