The thing with Bitcoin investment is, you need to invest what you can afford to lose. Because despite all the profits people are making, some out there are making losses too. It depends on your will, your knowledge, your experience etc. just because you invest into Bitcoin does not ensure you profit. Also, it is not a short term investment plan. You need to give it at least 5 to 6 years of time in order to get a good profit out of your investment.
I got the idea and I know how it feels to contribute for the family with your own money. But the path you are taking may take a long time for your dreams to come true. It will come true for sure but are you ready to wait that long?
Topic: Bitcoin's role in financial development - page 2. (Read 500 times)
My father is an expatriate. He made us human by working hard. Now I am grown up but unemployed. As the night deepens, a thought crosses my mind every day. How my father is still working alone for us. How much heavy work he has to do regularly, he has to do his own cooking, wash his own clothes and clean himself. Our family consists of me and one sister. My father had to take a lot of debt to go abroad. For which we are burdened with debt. Now I work along with my studies to run the family. I want to save money and invest in Bitcoin in the future even though I have worked hard because of the idea about Bitcoin. So that I can benefit from here, so that I can help my family financially and put a smile on my parents' faces. Sadly, we don't even have a house of our own at present.
I'm sorry you're struggling, and I think that you should manage your expectations about Bitcoin. If you can invest bit by bit into Bitcoin, treating it kind of like a savings account (but only if you're confident you can afford to not withdraw money from it, sometimes for a few years, or to withdraw it at a loss), I think it's not a bad idea. In the long run, it's possible that Bitcoin will rise well above what it costs right now. But it's unlikely that it will happen very fast, in the near future. Then again, keeping savings in fiat is worse anyway because of inflation adding up. 
My father is an expatriate. He made us human by working hard. Now I am grown up but unemployed. As the night deepens, a thought crosses my mind every day. How my father is still working alone for us. How much heavy work he has to do regularly, he has to do his own cooking, wash his own clothes and clean himself. Our family consists of me and one sister. My father had to take a lot of debt to go abroad. For which we are burdened with debt. Now I work along with my studies to run the family. I want to save money and invest in Bitcoin in the future even though I have worked hard because of the idea about Bitcoin. So that I can benefit from here, so that I can help my family financially and put a smile on my parents' faces. Sadly, we don't even have a house of our own at present.
You have a good intention and I commend you for that. Investing in Bitcoin is not a bad idea because you could make a good profit that will assist you and your family. But I think you have some important basic needs that you should meet before investing in Bitcoin. You stated that your family is overburdened with debt. Your number one priority now should be to offset the debt to avoid incurring interest. Your next plan should be how to get a house if you think it is important. Saving house rent could help you to buy Bitcoin. I want to also suggest that you take your studies seriously. Ensure you study and graduate with good grades. This could help you to secure a good job which will make you earn and save more for you to buy Bitcoin. My advice is because Bitcoin is a long-term investment and might not give you interest immediately.
I wonder how you are affording an Internet connection with a smart device to post in the forum if you don't even have a house. But I hope things get better for you in the near future.
Our parents sacrifice a lot for our well being, it is a sign of good parenting among other things. This should ignite the fire in you to work hard yourself and earn your place in this world. Let it be through bitcoin or through fiat, that fact that you realise your father's harship is the first step correctly taken.
Learn about Bitcoin and how it works. Eventually start developing your own skills and learning new ones to share with others and get paid for the same.
Our parents sacrifice a lot for our well being, it is a sign of good parenting among other things. This should ignite the fire in you to work hard yourself and earn your place in this world. Let it be through bitcoin or through fiat, that fact that you realise your father's harship is the first step correctly taken.
Learn about Bitcoin and how it works. Eventually start developing your own skills and learning new ones to share with others and get paid for the same.
My father is an expatriate. He made us human by working hard. Now I am grown up but unemployed. As the night deepens, a thought crosses my mind every day. How my father is still working alone for us. How much heavy work he has to do regularly, he has to do his own cooking, wash his own clothes and clean himself. Our family consists of me and one sister. My father had to take a lot of debt to go abroad. For which we are burdened with debt. Now I work along with my studies to run the family. I want to save money and invest in Bitcoin in the future even though I have worked hard because of the idea about Bitcoin. So that I can benefit from here, so that I can help my family financially and put a smile on my parents' faces. Sadly, we don't even have a house of our own at present.
At the level you are at right now, dude, you are really at the level of being a hardworking person, and as far as I can see, you have no choice but to do that because if you don't do that, you won't survive.
After all, what you are doing is difficult because you are simultaneously studying and working. Then you think of investing in bitcoin. It seems that you are really looking for another alternative way to get other earning ways to sustain yourself and have savings in the future.
And from what I've seen, you didn't make a mistake in investing in Bitcoin or other cryptocurrency; just always do your own research, just like everybody says here most of the time.
Sadly, we don't even have a house of our own at present.
Don't complain and be discouraged because not only you and your family are in that difficult situation, but there are also many people whose circumstances are even more miserable than yours. I really don't know what your situation is and what you need to prioritize in life, only you are the one who clearly understands what you need and what you have to do to make your life better. But I want to say, you are luckier than many people because you already know about bitcoin and have the opportunity to invest in it. It can be said that bitcoin is an opportunity that has helped many people change their lives, so I hope you do not miss this golden opportunity. As for how you invest and allocate capital, that is completely up to you because as I said, only you know what situation you are in.
I want to save money and invest in Bitcoin in the future even though I have worked hard because of the idea about Bitcoin. So that I can benefit from here, so that I can help my family financially and put a smile on my parents' faces. Sadly, we don't even have a house of our own at present.
If, in the future, you have urgent financial needs during the period when the Bitcoin price is low and your investment is your only option, then you might be forced to sell at a very cheap price.
Your plan is good but this is correct
There are also plenty of ways to earn in cryptocurrency aside from direct investment that you could do on the side like participating in airdrops of newly launched projects or advertising a coin on social media you can also learn mining as you can also gain profit from that
Now I work along with my studies to run the family. I want to save money and invest in Bitcoin in the future even though I have worked hard because of the idea about Bitcoin. So that I can benefit from here, so that I can help my family financially and put a smile on my parents' faces. Sadly, we don't even have a house of our own at present.
In your money enough to take care of your family and still have little savings?If yes, then it is good idea to invest in Bitcoin
If No then you should focus on the family wellbeing.
Bitcoin investment is good and profitable, but at the same time it is very risky that is why it is always advisable to invest money you can afford to lose; based on your condition, you cannot afford to lose any money because the one you have is not even enough to take care of yourself and your family; but if you have enough as your saving, then you can be using your savings to invest using DCA method.
Bitcoin is not only about making money but by investing in bitcoin the investor earns money but it takes some time. Bitcoin is good for long term investments when the price goes up improving the future improves the financial situation and reduces the risk. Before investing you should learn the correct concepts of the market. If you do not understand the signals of the market you will not know the right time to invest. Be aware of the risks of bitcoin and move forward.
I think many people didn't understand about signal, movement, trend etc, but they keep holding Bitcoin and not yet sell big amount of their coins, they're Bitcoin investors. Bitcoin almost don't have any risk for people who completely trust with Bitcoin, just like how people hold most of their money in fiat or gold. Mostly the risk come from the mistakes by user.
Bitcoin is not only about making money but by investing in bitcoin the investor earns money but it takes some time. Bitcoin is good for long term investments when the price goes up improving the future improves the financial situation and reduces the risk. Before investing you should learn the correct concepts of the market. If you do not understand the signals of the market you will not know the right time to invest. Be aware of the risks of bitcoin and move forward.
Bitcoin is not a solution to financial problems, and investing in general is not a solution too - it's a way to preserve and increase the existing wealth. Bitcoin's volatility is a huge problem for poor investors - they can't risk sitting on an unrealized loss, because they might have to take it.
Imagine a situation where you put your hard-earned money into Bitcoin, and see a nice profit, maybe doubling your money in one year - but then you start believing in hype about reaching $300k or $1M and you refuse to sell your coins - and one day the price reaches ATH and crashes, the market turns bearish but you still hope to see $1M and refuse to sell, even when the price falls below your entry point. Now you have to wait for years to even break even, and if during these years you'll have a medical emergency or any other unexpected situation that requires you to tap into your savings - you will have to sell your coins at a loss.
So think carefully before investing your hard-earned money and plan for all possible outcomes and not just the good outcomes where you get rich quick.
Imagine a situation where you put your hard-earned money into Bitcoin, and see a nice profit, maybe doubling your money in one year - but then you start believing in hype about reaching $300k or $1M and you refuse to sell your coins - and one day the price reaches ATH and crashes, the market turns bearish but you still hope to see $1M and refuse to sell, even when the price falls below your entry point. Now you have to wait for years to even break even, and if during these years you'll have a medical emergency or any other unexpected situation that requires you to tap into your savings - you will have to sell your coins at a loss.
So think carefully before investing your hard-earned money and plan for all possible outcomes and not just the good outcomes where you get rich quick.
My father is an expatriate. He made us human by working hard. Now I am grown up but unemployed. As the night deepens, a thought crosses my mind every day. How my father is still working alone for us. How much heavy work he has to do regularly, he has to do his own cooking, wash his own clothes and clean himself. Our family consists of me and one sister. My father had to take a lot of debt to go abroad. For which we are burdened with debt. Now I work along with my studies to run the family. I want to save money and invest in Bitcoin in the future even though I have worked hard because of the idea about Bitcoin. So that I can benefit from here, so that I can help my family financially and put a smile on my parents' faces. Sadly, we don't even have a house of our own at present.
It is true that life is full of challenges and difficulties, and instead of running away from them, we should acknowledge and face them. You definitely want to change your situation and show your parents a bright future. However, in such a situation, your family financial crisis is a hindrance to future and current Bitcoin investment. Although it may be true that some external factors may affect your life. But personal growth, perseverance and hard work are your key mantras. By trying to improve your circumstances, you can overcome your obstacles and create a better future. Don't be disappointed if you can't currently invest in Bitcoin due to money. Be patient and try to find ways to earn extra income. Strong desire will create your source of money. 
Never feel sad because of bad family situation. If you are healthy and strong, if you work hard, you will definitely get success. If I tell my personal biography then I also grew up and studied from a very poor family. My hard work has brought me success now I am earning regular income from here and planning to do something permanent. Make a commitment in yourself and start working I hope you will definitely succeed and support your family. But one suggestion I will give you is to be active regularly in bitcoin forum and post informative if you can qualify enough to become a full member then you can earn from the forum and with that income support your family and give your family a nice home can give gifts. I would not advise you to invest because you have to sell your investment in a world of scarcity.
Yep Bitcoin helps a lot to develop financial condition. But at the beginning people have a lot of wrong thinking about bitcoin. They thik that bitcoin means money and money but that's wrong think. Bitcoin brings money but it takes time. Bitcoin investment is low risk profit currency. It can develop financial condition easyly if you are in right time investment. It's helps a lot because low risk but long time holding gives good profit.
My father is an expatriate. He made us human by working hard. Now I am grown up but unemployed. As the night deepens, a thought crosses my mind every day. How my father is still working alone for us. How much heavy work he has to do regularly, he has to do his own cooking, wash his own clothes and clean himself. Our family consists of me and one sister. My father had to take a lot of debt to go abroad. For which we are burdened with debt. Now I work along with my studies to run the family. I want to save money and invest in Bitcoin in the future even though I have worked hard because of the idea about Bitcoin. So that I can benefit from here, so that I can help my family financially and put a smile on my parents' faces. Sadly, we don't even have a house of our own at present.
Sad stroy but that's the reality of the life we live in.
Just one advice for you, the world has gone past the blame game era where people expect everything to be done for them. Now you have to put onyour thinking cap and go for your life with all you've got.
Get skilled and make a living, no matter the amount of people giving you whatever hand-outs, its never gonna take care of your life. Before bigger responsibilities sets in, get skilled in something and earn a living and then save for invesment as well.
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My father is an expatriate. He made us human by working hard. Now I am grown up but unemployed. As the night deepens, a thought crosses my mind every day. How my father is still working alone for us. How much heavy work he has to do regularly, he has to do his own cooking, wash his own clothes and clean himself. Our family consists of me and one sister. My father had to take a lot of debt to go abroad. For which we are burdened with debt. Now I work along with my studies to run the family. I want to save money and invest in Bitcoin in the future even though I have worked hard because of the idea about Bitcoin. So that I can benefit from here, so that I can help my family financially and put a smile on my parents' faces. Sadly, we don't even have a house of our own at present.
That's a common story in most of the 3rd world countries' people. Anyway I would like to say that first you try to settle your debts. Then you can invest in Bitcoin according to your ability. And if you have to pay such amount of debt along with a certain amount of bitcoins you can continuously invest for a long time then I think you will get a good profit.Also, considering your current situation, I would say that you should keep your main focus on your skill development along with investment in Bitcoin. This is because it is said that investing in cryptocurrency will always bring profit that it is not true. Moreover, investing in early stages is more risky.
Your thoughts are good that you wants to help your father in managing the activities of home but I think you should learn about bitcoin well as just interest for holding cannot give you profit but it is the knowledge which can create in ease for fulfilling your dreams. It is natural that if we see our parents working hard for us then we also wants to help our parent because they do each and every possible work just to make us a good human.
Bitcoin investment is suitable option for you now and hopefully you will earn money to solve all your issues but I will suggest that buy bitcoin now and then learn well about the rules and regulations, and also about the well aimed timing to sell so that you can do what you wants. Now Bull run is coming so it can give you quick profit but also remember that all time bitcoin is not a technology that quickly make you rich therefore reap reward as soon as possible.
Bitcoin investment is suitable option for you now and hopefully you will earn money to solve all your issues but I will suggest that buy bitcoin now and then learn well about the rules and regulations, and also about the well aimed timing to sell so that you can do what you wants. Now Bull run is coming so it can give you quick profit but also remember that all time bitcoin is not a technology that quickly make you rich therefore reap reward as soon as possible.
Very good decision. We know bitcoin is a volatile asset. Investing in it will be very profitable. But you must have an understanding of the market. In this work, the ups and downs of the market must be understood. You have to buy when the price of bitcoin goes down and sell when the price goes up. It has its advantages but it is time consuming. You can't use it whenever you want.
Life is difficult, be satisfied with your situation and try to develop yourself because without that, you are doing nothing but blaming yourself, and in the end you will only find a little money if someone decides to donate to you. If you want to improve your situation, you must work hard and hard, to continue working in the morning. And in the evening, if you work hard to learn a new language, study better, and learn self-employment, money does not grow on trees.
Bitcoin is volatile, but so is life. Bitcoin changes reflect our own trials and successes. Although hard labor is required, Bitcoin investing requires knowledge.As with any investment, risks exist.
Consider learning more about Bitcoin. Know its market trends, technology, and growth prospects. Knowledge is power in cryptocurrencies. Bitcoin investing is about taking control of your financial future, not just making money. Do not invest more than you can afford to lose. With smart planning, you might build your family's dream house and fulfill your Bitcoin goals.
Consider learning more about Bitcoin. Know its market trends, technology, and growth prospects. Knowledge is power in cryptocurrencies. Bitcoin investing is about taking control of your financial future, not just making money. Do not invest more than you can afford to lose. With smart planning, you might build your family's dream house and fulfill your Bitcoin goals.
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