Bitcoin (food for table) - page 2. | Bitcointalksearch.org

pooya87

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Quote from: Blisszi on February 14, 2023, 06:33:28 AM

Bitcoin has feed many people dead or alive,

How exactly is bitcoin feeding a dead person?!

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I discovered that many people source of surviving is through Bitcoin.

How did you discover that? Could you show us the proof too so that we can discover it too?

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Families that have nothing to offer has survived probably because their children are involved in trading bitcoin but now that the price is down I know most of us that this has being the only means of livelihood, is being tough to meet up the current hardship in the land.

That's a terrible thing to do. People should rely on actual work and actual income for their livelihood and only treat investment and trading as a secondary source of income not their one and only income because everyone knows that markets (all markets) can have good days and bad days. Which means trading is not something you can rely on for a steady income.
Not to mention all the risks involved with trading, centralized exchanges, hacks, etc.

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Investment has not making sense anymore. Is just stagnant and dropping down the axis.

Bitcoin dropping stopped months ago! It was also recovering these days.
Besides this contradicts your previous statement about "trading" bitcoin. A trader doesn't need price always going up to make profit. They earn money from volatility which is both ups and downs. In fact the previous couple of months that price went down has been excellent for traders to make money.

Hamza2424

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OP I am not familiar with anyone who living is completely on Trading Bitcoin. My background is from a farming family and in my society maximum of people are non-dependent on only one source of income. Trading and all this digital services stuff were about never existing before the Covid crisis. In covid many things are changed, people are more digital, and online services are far more developed these days. The freelancing concept and digital modes of earning are very common these days.

For the first year of my crypto journey in 2019, nobody even believes that I am doing some crypto related stuff after the whole year when I took my first exit from the market with the withdrawal of PKR-24K then my family took me seriously and they supported me to continue my journey and Alhamdullial now, I am an Investor, Trader, more importantly, I am part of Bitcoiner community.

Point is Trading is good but only being dependent on the trading is not good at all, need to find out some other ways as well and there many sub-domains in the crypto market to ear easy livings.

Odusko

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Quote from: Blisszi on February 14, 2023, 06:33:28 AM

Bitcoin has feed many people dead or alive, I discovered that many people source of surviving is through Bitcoin. Families that have nothing to offer has survived probably because their children are involved in trading bitcoin but now that the price is down I know most of us that this has being the only means of livelihood, is being tough to meet up the current hardship in the land.

Bitcoin should do well again I pray do that we can have plenty people in what we do, evidence of anything is the result of what you can present. Investment has not making sense anymore. Is just stagnant and dropping down the axis. Bitcoin keep putting food on our table

Trading should be seen in a general context and not peculiar to bitcoin alone, even though so many traders are now relying on Bitcoin as their basic and primary trading assets, and in my region, there are quite a large number of youths who are making daily earns need through cryptocurrency trading and in doing that there is need for high trading skills that could project your bitcoin position of the price swing against your standing.
But it is far more better to have diversified sources of income if you want to stay above market uncertainty.

2double0

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It isn't just btc but crypto that has fed many families till date, be it through trading or free money that people get through airdrops (some may get it through the use of some marketplaces and some get it through using a testnet of a new chain). There are hundreds of opportunities in the market and if you stand to catch the right one on the right time, you will succeed no matter the charts are green or red. Keep trying because without doing that and thinking that the price just keep going up, will neither feed you nor your family.

boyptc

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Quote from: Blisszi on February 14, 2023, 06:33:28 AM

Investment has not making sense anymore.

How is it that bitcoin doesn't make sense anymore as an investment? It's even the main characteristic when you're going to ask someone like this; "Have you invested in bitcoin?"

And that's why most of us are into it as if we're all investors and it's true, that many people are reliant on it and made themselves full time and bringing food to their tables through trading or any other means that they do.

Another thing, it's not always the decrease that everyone should notice because price now is up and sitting on $24k.

panganib999

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Not a financial advice but I always say, if you could have time spent to learn bitcoin and how to trade you can afford to squeeze in a few hours of your day to learn a new profitable craft. Just as with investments, you can't put all your eggs in one basket. You just might lose everything and you won't have any means of recovery because as it stands today, you only ever knew how to trade bitcoin and nothing else. Toss in a few writing lessons or maybe even apply for work full time to not only bring food to the table but to also fund your portfolio at the same time. It doesn't hurt to have another source of income especially in the state of things today when goods and commodities only get more and more expensive whilst salaries stay stagnant.

Fivestar4everMVP

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Quote from: Blisszi on February 14, 2023, 06:33:28 AM

Bitcoin has feed many people dead or alive, I discovered that many people source of surviving is through Bitcoin. Families that have nothing to offer has survived probably because their children are involved in trading bitcoin but now that the price is down I know most of us that this has being the only means of livelihood, is being tough to meet up the current hardship in the land.

Bitcoin should do well again I pray do that we can have plenty people in what we do, evidence of anything is the result of you can present. Investment has not making sense anymore. Is just stagnant and dropping down the axis. Bitcoin keep putting food on our table

Well, it might interest you to know that the decline in the price of bitcoin from its all the high price, has not stopped good traders from making their daily bread through the profit they make daily.
The decline in the price of bitcoin is only taking a toll on those who bought it at a really high price, like those who bought bitcoin at its all time high price, we all know that it will take another bull run for the price of bitcoin to reach that amount again.
But traders can always sell, keep trading and turn their losses to profit after a short while.

kryptqnick

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I don't know about surviving via trading, but there was a time in my life when sig campaign was the main source of income, and everything cost cheap enough for it to cover the rent, utilities, and food for one person for a couple of weeks. It's been a while, lots of things changed, but back then Bitcoin did bring food on the table and helped a lot. I'm sure many went through something similar as well, and some are probably going through similar things now, especially if they have some expenses covered (like having a flat and thus not needing to pay the rent or having cheap food in a student dorm's cafeteria).
But I must say that it's not what Bitcoin is for, and Bitcoin can't solve unemployment or poverty. It can help some, and that's great.

wiss19

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I understand that you mean those dead people are once helped by Bitcoin. It wasn't Bitcoin itself actually that help those people but it was those people themselves because they didn't just stand or sit there but they did something. They get up, and find opportunities. I think luck can also play a big part here.

I know many of us are lucky to came across bitcoin in a random occasion and then that was the start of their life-changing journey. Bitcoins price or any other assets might be down but it doesn't mean that investing doesn't make sense anymore. A downfall in the price is only part of it. You can just HODL and wait for the price again to recover or you can also use this moment to invest more.

Darker45

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A full time trader should have enough money to still have food on the table despite a losing day. Trading is not guaranteed to be successful everyday. If losing in trading means losing money to support your basic existence, I guess you're relying too much on it. In which case, trading can't be used as the main source of as basic day-to-day need as food.

The same is true in treating Bitcoin as investment. If Bitcoin goes through a long bear market and you're deprived of your basic needs because of it, you're investing too much or relying heavily on Bitcoin. You've probably heard of investing only what you can afford to lose?

nidacoinlove

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Quote from: Blisszi on February 14, 2023, 06:33:28 AM

Bitcoin has feed many people dead or alive, I discovered that many people source of surviving is through Bitcoin. Families that have nothing to offer has survived probably because their children are involved in trading bitcoin but now that the price is down I know most of us that this has being the only means of livelihood, is being tough to meet up the current hardship in the land.

I thought if something eatable was going to be discussed here. Tongue

No doubt there may be families whose major source of earnings could be Bitcoin trading or any other way to earn it. It is not recommend to encourage low earning people to invest in BTC and make it the only source of living.

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Bitcoin should do well again I pray do that we can have plenty people in what we do, evidence of anything is the result of you can present. Investment has not making sense anymore. Is just stagnant and dropping down the axis. Bitcoin keep putting food on our table

First of all we need to understand that Bitcoin should not be blamed for it's price volatility, the price change is only reflection of the market response. It is our responsibility to find the right time for affordable investment. Even yesterday was a good day for the day traders.

justdimin

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Quote from: Kakmakr on February 15, 2023, 02:47:58 AM

If you rely on "Bitcoin" to put food on the table, you are invested in the wrong technology. Bitcoin as an investment is not effective as a short term investment, because it is better suited as a long-term investment.

There are potential for huge profits in the long run, but people that are living from hand to mouth, do not have the luxury to wait for 3 or 5 years for those investments to pay off. Roll Eyes

If you want to put food on the table .... go out and look for a job or do something with your hands and sell that, if you can. Then take a very small percentage of that and buy bitcoins... it might pay off in the future.

You are considering bitcoin as just an investment, but you should realize that it is also currency. Let me explain as the most known thing here; signature campaigns. With them you get paid in bitcoin right?

Of course you do not get paid a ton, and it is around 80 to 100 dollars a week, and that is at max 400 dollars a month, and that is not enough for majority of the world outside of just few poor nations, none of us could live with that, but it is there, so it shows that there is a chance you could work and earn it. I believe that if we can do this, then there are other jobs and bitcoin could put food on your table, and that is the best thing about it.

Kakmakr

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If you rely on "Bitcoin" to put food on the table, you are invested in the wrong technology. Bitcoin as an investment is not effective as a short term investment, because it is better suited as a long-term investment.

There are potential for huge profits in the long run, but people that are living from hand to mouth, do not have the luxury to wait for 3 or 5 years for those investments to pay off. Roll Eyes

If you want to put food on the table .... go out and look for a job or do something with your hands and sell that, if you can. Then take a very small percentage of that and buy bitcoins... it might pay off in the future.

TheUltraElite

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Quote from: Blisszi on February 14, 2023, 06:33:28 AM

Bitcoin has feed many people dead or alive, I discovered that many people source of surviving is through Bitcoin. Families that have nothing to offer has survived probably because their children are involved in trading bitcoin but now that the price is down I know most of us that this has being the only means of livelihood, is being tough to meet up the current hardship in the land.

Hardship is everywhere but bitcoin is not the solution to hardships. Bitcoin is a currency and can be used to spend for food if needed and if there are avenues of spending in your country. Your poverty of quality of life will not improve with the use of bitcoin. Because earning bitcoin is the same as earning fiat money - you need to have skills and put those to work and earn your bread.

Trading can only be a side hustle, I dont expect a forum member here to become a professional trader. Hence attempting to make money enough to feed yourself for months through trading is a wrong goal to set.

Rather get a proper education and go for the things you have a passion for. Then you can earn and have a decent quality of life.

sheenshane

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Supposedly Bitcoin is for peer-to-peer transactions or means of payment, that's the reason why it was created.
Bitcoin doesn't promise to anyone to make a profit, but due to the price matter on the demand and supply there are too many of us storing Bitcoin value hoping to make a profit in the future but I don't think if you want to get quick rich, you can gamble in trading.

Trading is very risky and I confirm this is meant for everyone, you might get a profit but the chances of losing money are quite high and if you've enough knowledge I suggest don't do trading. There's no accurate result of making a profit on trading, it's very risky and you can't rely on this to bring food to the table.

Yatsan

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Dependence with investment? On an average wage earners? Won't be advisable. A stable job and income is for sure necessary to make a living and engaging to investment will just increase the expenses and lessen the amount of food an individual could offer in a table. There's no such thing as assured profit in any field of investment especially with a more volatile ones such as Bitcoin. It is indeed profitable especially if you have the skills to utilize its nature but given that there are times wherein the market is down, how qould you be able to provide what's necessary for your family? Selling would indeed cut your losses but will also make your losses permanent.

carlfebz2

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Quote from: Blisszi on February 14, 2023, 06:33:28 AM

Bitcoin has feed many people dead or alive, I discovered that many people source of surviving is through Bitcoin. Families that have nothing to offer has survived probably because their children are involved in trading bitcoin but now that the price is down I know most of us that this has being the only means of livelihood, is being tough to meet up the current hardship in the land.

Bitcoin should do well again I pray do that we can have plenty people in what we do, evidence of anything is the result of you can present. Investment has not making sense anymore. Is just stagnant and dropping down the axis. Bitcoin keep putting food on our table

I dont know but its not really just right to have this kind of mindset considering that Bitcoin is a digital currency.Its not something a job which you could really highly depend or rely on just to expect that there's something that you could put into your table.
Somehow it does really give out that chance on making profits which we cant really deny about it but we know that volatility and unpredictability isnt something that we could easily deal with
Therefore, there would be no assurance that you would be getting profits on day to day basis.This is why its not really that ideal on making yourself that too much positive
and if ever you do able to sustain then its good because only a few could able to do this no matter what the market condition would be.

RockBell

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Quote from: Blisszi on February 14, 2023, 06:33:28 AM

Bitcoin has feed many people dead or alive, I discovered that many people source of surviving is through Bitcoin. Families that have nothing to offer has survived probably because their children are involved in trading bitcoin but now that the price is down I know most of us that this has being the only means of livelihood, is being tough to meet up the current hardship in the land.

Bitcoin should do well again I pray do that we can have plenty people in what we do, evidence of anything is the result of you can present. Investment has not making sense anymore. Is just stagnant and dropping down the axis. Bitcoin keep putting food on our table

I can testify bitcoin has actually built and created an opportunity for people especially in my region, investing in bitcoin has been one of the sweetest aspects of life, yeah families or friends have benefited just because someone close to them has invested in bitcoin, and to some extent been a trader has is own risk but despite that have created opportunities.

JoyMarsha

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Quote from: Blisszi on February 14, 2023, 06:33:28 AM

Bitcoin has feed many people dead or alive, I discovered that many people source of surviving is through Bitcoin. Families that have nothing to offer has survived probably because their children are involved in trading bitcoin

No doubt, bitcoin has been the source of income for those who can trade on bitcoin very well and have solely depended on bitcoin for survival. I have read about a situation whereby some people left their present job for bitcoin trading. According to them, they earn more in bitcoin trading than in their job.

Quote from: Blisszi on February 14, 2023, 06:33:28 AM

but now that the price is down I know most of us that this has being the only means of livelihood, is being tough to meet up the current hardship in the land.

Since am not into bitcoin trading, I will not be in a better position to answer that cos I don't take bitcoin trading as my only mean of livelihood. I have a job that I fall back on for survival, now that the crypto market is bearish.

Quote from: Blisszi on February 14, 2023, 06:33:28 AM

Bitcoin should do well again I pray do that we can have plenty people in what we do, evidence of anything is the result of you can present. Investment has not making sense anymore. Is just stagnant and dropping down the axis. Bitcoin keep putting food on our table

We hope that bitcoin will do well in price but if it doesn't, I will keep investing, hodl, be patient, and trust the process, believing that bitcoin will surely skyrocket

CryptSafe

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Solely depending on bitcoin trading is more or less you going on a suicide mission. As we all know, bitcoin and Crypto as a whole is volatile. The volatility of the Crypto market is what no one can comprehend in any way. There is an adage that says ' so not carry all your egg in one basket" that is wisdom. You should know that bitcoin is not what you fully depend on as means of survival. A a smart trader, investing in others business should be a priority as well because you never can tell what the market would turn out to be tommorow that is why you are always warned or advice to trade or invest what you can afford to loose so you do not get into trouble with yourself. I think OP should get a good orientation on bitcoin properly so as not to get things mixed up.

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