Topic: Bitcoin kwoledge is not complete without bitcoin investment - page 12. (Read 3441 times)

To become a currency bitcoin needs more adoption, and to have more adoption we need more people understanding why bitcoin is unique and can actually change lives, and in a certain way if the price keeps going up because less people are willing to sell, more people will talk about bitcoin and will also become interested in it. Being an asset it could just be part of the process at the end.

Like it or not, up to now, bitcoin has truly become an asset, an investment rather than a currency. We need to accept that change and adapt to it. We can't just stick to the original notion that Satoshi created bitcoin just to be a peer-to-peer currency and refuse to adapt when things are changing in the other direction.

Furthermore, as you said, bitcoin can be used for many purposes, and that is what makes bitcoin superior, why don't we make the most of that to bring more benefits to ours? For me, bitcoin is an investment and can also be a currency...depending on the situation we will use it accordingly.

From my childhood I read that there is no end to learning, we all have to learn step by step and as long as people live, people keep learning. If I think that I know everything about a particular subject by reading a book or by any other means, then we are wrong, we have to apply what we know about the subject to see what we read. A person gets some idea about Bitcoin in different ways, if he thinks he knows everything about Bitcoin then he is still living in a fool's world. Just like after studying for a whole year we have to pass the next class by taking the end of the year exam, just by studying for one year we cannot pass the next class. Throughout the year we considered learning about Bitcoin and the exam at the end of the year we considered as an investment, that is, we must also invest in Bitcoin to prove how much we know how to invest.

Yearly payments can be a bit of a strange arrangement.. and perhaps a bit more difficult to manage if you might be considering ways that you invest it and you likely have various kinds of monthly expenses, and sometimes there could be some practicality to manage the spending of the rent over a year.. but that could still get us into questions of the value of lump sum investing versus DCA versus buying on dips.. and the once a year payment could end up getting divided into all three categories.. of course, within your discretion and within your own particular circumstances that include considerations of anticipated BTC price movements and also considering how many BTC (or satoshis) you had already accumulated.

It can be a bit more challenging and even in needs of creativity when managing such low frequency cashflows ... ..

Do you like it like that set up?   Are you in any kind of a position to change the set up? 

Might there be a way to try to set it up with more frequency, such as twice a year?

I know sometimes if you are receiving payments once a year, then you are probably being paid in advance.. but I suppose a contract (or custom) could be written (carried out) either way... and another thing if there is a kind of standard in the area that everyone likes to follow, then it might become more difficult to change such custom practices.


Sometimes people buy bitcoin because they believe that the price will go up and then so they are using money that they actually need to pay their expenses, but if the BTC price goes up, then they can pay some (or all) of those expense from their bitcoin investment.

I personally believe that it is risky to be investing money into bitcoin that you are going to need in the next 4 years or so.  In other words, it seems to me to be a better practice to invest into bitcoin with money that you do not need, and maybe you will not need that money for 4-10 years.. and maybe you keep investing small amounts with new money, and so 4-10 years later you can look at how your investment has been building, and some of the money that you put in will have been older money and some will have been newer money, and hopefully over the years you are able to increase your small investment amount (such as $10 per week) to be larger and larger amounts, such as $100 or more per week....

Yet no matter how much you invest into bitcoin, whether small amounts or larger amounts, you should be able to get advantages from allowing that build 4-10 years or longer.. but maybe even putting aside such small amounts on a regular and ongoing basis that you may well not really notice it, even if it takes a long time to build up.  ..... $10 per week seems like a really small amount, but over 10 years, you end up investing $5,200.. and if you are able to do $100 per week, then over 10 years you have invested $52k.. which surely adds up to a decent amount of money invested...even if the dollar is likely to continue to go down in value more and more and the dollar may well ONLY be worth less than half as much as it is currently after 10 more years of being debased (and irresponsible policies in regards to being able to preserve its value).

Ok, I understand what you are saying, capital is the most important thing to start an investment or either business and I believe that without any job there is no where a capital that will be used for investment will come from.
So even if someone is planning to invest a total amount of $10 per week and does not have a job, that plans are waste plans, but if the person have a job he can invest with $10 or even lower amount per week.
I get your point, expenses can hinder an investor from investing in Bitcoin, the thing there is that as long as an investor is having too much expenses and he is not meeting up he's investment plans for the week or for the month, he should just look for another job or reduce the expenses for the week so that he can meet up his plans to accumulate more coins.
You are correct, yes I am not too late to join the investment because I already know that no body is too late to invest in Bitcoin, now that Bitcoin is in a stable price, I believe i can buy the little I can when I have the money to buy them.

Even as that you still need a resrved fund that will keep you at least for months if it happens that for some while those job are no longer paying you wouldn't be that ten's to start dipping hands into your investment without securing a newer job or got another part time job as we may see it, bitcoin investment or DCA are always good to go when you have additional savings in form of cash or could usdt or any other cryptocurrency you could sell for back up without dipping hands touch your major investment.

However, investment that doesn't have a sound knowledge often end up with regret because you didn't know what you are venturing into, believe take it or you leave there were people at the earliest stage of bitcoin who didn't know what it may result didn't go into it because no sound knowledge or lemme say a basic and a futuristic understanding to know what the future of bitcoin may holds. If they had the knowledge then people would had finished it at the initial time of launch or at the beginning stages when it was less than a dollar.

What makes us think that Bitcoin can't have more than one purposes? It can be used as a payment method when possible since it provides seamless and decentralized payments and it can also be used as an investment asset since it is volatile and can provide significant profits on investments.

A person should learn everything about Bitcoin and the market before getting involved financially. After making investments, you might earn experience but to be able to do that in a good manner, you need knowledge beforehand.

I agree with you, bitcoin investment don't need a huge capital, because it is not real estate or gold investment that needs one that is not rich to keep saving for sometime before he can buy. Like @JJG said, 10% of your income is cool to invest in bitcoin, as long as you know that it is worth it.

Anyway, I wouldn't blame those that haven't invested yet but have the knowledge of bitcoin, because having the knowledge of bitcoin doesn't mean that you have the knowledge of investing. Bitcoin knowledge and the knowledge of investing are two different things, let me take it as an excuse.

I want to use myself as an example, I am not earning big, but I took advantage of some financial opportunities that came my way and used the money to invest in bitcoin because I have already made up my mind that I will use 10% for monthly DCA, which wouldn't be a problem to the monthly income I get. I have a job with low income that I was to take care of myself but as time passes by and inflation kept increasing, I saw that my income will be a mess if I continue in earning this way.

 I decided to switch into a part time job, so that I can control my own time. I has two part time jobs that the pay was 2x my previous one, and this made me had more than enough to save because I was still feeding the normal way. When I got to the forum, and decided to start my bitcoin journey, I looked for a third job, which made it more easier for me to have enough emergency cash and my up keeping funds. This way it became easier for me to invest and still keep accumulating without stress.

It is only when one don't have an income that he won't be able to invest in bitcoin the only digital gold. I was couping with my full time job then because I do collect my rent annually.

One of the greatest things about bitcoin is that you do not need to get a lot of capital in order to be able to invest into bitcoin.. You can invest as low as $10 per week or maybe even lower than that.. but surely you should be trying to invest as much as you are able to, especially if your amounts are so small.

Surely, you have to be able to get some level of discretionary income, and that is the amount of income that you have left after you pay your monthly expenses.   So if you never have any money that is beyond the level of your monthly expenses, then you are kind of fucked in terms of being able to invest into bitcoin and you might have to either work towards increasing your income and/or lowering your expenses, or perhaps resolving yourself to the fact that you are not going to be able to invest into bitcoin.

When it comes to investing into bitcoin, people with more discretionary income are advantaged over people with less discretionary income - however, even people with low levels of discretionary income can end up passing up people with higher levels of discretionary income because they choose to invest into bitcoin and an overwhelming majority (something like 99% of the worlds population) is not even investing into bitcoin, so there are a lot of people over which any of us can get advantage when we are investing into bitcoin and they are either not investing or they are going to start investing into bitcoin at a much later date than some of us earlier adopters.. and even starting out now, you are not too late.

I agree, know investment that is safe than Bitcoin accept you don't have knowledge on it, is not like another platform that you will put your fund and crash, and run with your money is the best investment you don't have to worry about it, Bitcoin investment just need patience and you will get huge profit when you keep it for a long term, is good you have a source of income you won't depend on your house rent you make a good decision then not leaving the money in bank, It is better that you invest in it to double your profit because the market is volatile and the price fluctuates You will not be concerned about your investment, because you have a source of income already, Since Bitcoin is not governed by any government it is safe because they have no authority over it.

you have been trusting bank for your monthly money , and now that you have read and understand bitcoin yet you are still having second thoughts?

so what have you learned from your stay here in bitcointalk?


trust crypto specially for long term than trusting bank that gives you so cheap income for years of holding.

but also you have read here in forum that only invest the amount you can afford to lose right?

but since those are only the amount coming from the rent and you have your own money to support your family living , then its good that all those income will be invested specially now that we are closing Bull market.

Everyone, indeed everyone, will cross paths with Bitcoin one day. Your perspective is great, in a world where fiat money is losing its value, Bitcoin is every hope. It is indeed a shield against the relentless inflation that decreasing the value of hard-earned money

The importance of information cannot be overstressed. Those who cant buy Bitcoin now, they should at least arm themselves with knowledge about it. Knowledge about Bitcoin's potential can prepare one for future investments. Knowledge is not just power, it is a light that illuminates the path in the dense forest of financial choices

But yes, having knowledge doesnt mean one will not make mistakes, but it indeed places one in a more advantageous position than the uninformed. Your insight is a contribution to the information pool and will surely help many in making informed decisions. Cheers to a future where everyone will know and perhaps own a bit of Bitcoin

Indeed, alongside hands on experience, having a through understanding of Bitcoin, block chain technology and market dynamics is indeed important for making an informed investment decision. understanding these fundamentals allows investors to assess the potential of its technology and its long-term prospects. Additionally, adopting various strategies such as Dollar Cost Averaging (DCA), analyzing historical price patterns and utilizing technical indicators all play important roles in managing and optimizing the cost of investment.

ignorance is usually the dilemma of most noncrypto users. that is true, how can you understand a specific subject if you are not actually experiencing it? however, a lot are still hesitant to touch this market, so up until now, they are indeed uninformed about this currency. but the problem is, most of these people have negative criticisms towards this market without any basis at all.

I understand your point but I think the reason for this is also attributed to the fact that they are just ignorant and don't want to involved themselves in something they are not familiar with but how do you know something when you haven't actually tried it out. Most human actually have this mentality in almost every field of their life not only with the case of buying and holding bitcoin. But just what to point out a fact here when it comes to fiat, it actually still important because bitcoin actually can do well without fiat since it's still the major source of money through out.

Yes you are right, theory and practice are two different things but both are a correlated unity. In this crypto world, I think we have to have both because if we only just have one then we may not be able to achieve our goals in crypto world and will not be able to work well.
By investing, this is one way we can complete our knowledge about crypto. Knowledge is a collection of theories and investing is a form of practice. In doing everything, in my opinion if we only understand theory it will not be enough to understand something we do "completely" if we don't do a real implementation or practice.
Someone who only masters knowledge or a theory but cannot utilize or cannot implement the knowledge they have in real practice means they are less able to utilize the knowledge they have fully.

Everyone will meet Bitcoin one day. I can summarize the situation as follows. For now, the money of those who prefer fiat money to Bitcoin is melting away against inflation every day.

What you say about information is very valuable. Because for a person who cannot buy Bitcoin, knowing about Bitcoin will take him one step forward because he will see what he should invest in and its potential.

Knowledge means power because the knowledgeable one is in the right place. He makes his choices within his knowledge. I'm not saying you won't make mistakes and everything will be perfect, but I'm saying it will be more advantageous than the uninformed.

I agree. Knowledge is the ultimate currency. Even mightier than Bitcoin. But unfortunately some people do not have the compatible "wallet" to store that kind of "currency". And that is why a lot of these double digit IQ'er prefer fiat over Bitcoin and sooner or later will regret it. In other words some people are not invested in Bitcoin already due to a lack of knowledge rather than imaginary shortcoming of Bitcoin itself. And those kinds of people are currently sitting on their in perpetually in value decreasing fiat money. But eventually everyone no matter how slow, will find a way to Bitcoin.

You have a good point. Having Bitcoin knowledge is good, but it is more convenient when we also practice the knowledge of Bitcoin that we already know. If I buy Bitcoin today, I will experience a lot, like losing and profiting. It will help me develop and also be more intelligent about Bitcoin.

It is hard to buy Bitcoin, but it is easy to get information about Bitcoin. You can get Bitcoin information either on social media or from someone, but after getting good information about Bitcoin, sometimes it can be very hard to get capital that you can use to start the investment plans, most times, because you already have the knowledge, but the knowledge is not yet enough and BTC price dropped you might be discouraged about the investment but when your knowledge is excessive you can never be discouraged about Bitcoin investment even if Bitcoin is going up or down you just buy and hodl.

I've actually heard this word a lot but I've never even done it.
Maybe it's true for most people who have been able to manage their finances well and have enough wealth Disification can be important but on the other hand when it speaks only for myself I still won't do it because my focus is still on the investment that I always run, namely in bitcoin.
Even though according to other people it is good but for capital that can be said to be mediocre like me, I better focus on one field first (bitcoin) as my form of investment.
Forcing diversification with fairly mediocre capital will actually make us dizzy so that when our capital and finances are too minimal, it would be better to focus on just one investment rather than doing it by branching out but the results are not optimal.