Bitcoin's role in financial development

TheUltraElite

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Quote from: Xal0lex on December 21, 2023, 03:07:22 AM

There is an unspoken rule that you should invest in cryptocurrency the money you are willing to lose. And do not forget that investing in bitcoin is a long-term investment, it will not bring you a huge profit tomorrow.

I think we are not promoting this line much in the recent times, but it is an age old correct thing to do. Crypto has gain popularity and acceptance in increasing numbers and we tend to forget that it is a volatile asset and often outlawed in many countries, investing in which may lead to a unsolvable position in future.

Although investing in crypto is for the future, it on its own will not lead to financial development. For that OP needs to work on their general conditions, education, place of living and then think about bitcoin. Fiat is always the more important thing here and bitcoin comes secondary. Once livelihood and work is set up properly, they can start investing in crypto.

wtsimis

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Behind every smile there must be sadness. I am really sorry for your family problems. Of course you can invest in Bitcoin as a digital currency. Bitcoin is a financial system based on blockchain technology that ensures transparent and secure transactions that increase people's trust. Moreover, Bitcoin provides a store of value in times of economic uncertainty by acting as a hedge against appreciation and currency depreciation. You want to earn super fast to solve your family problems. Cryptocurrency or Bitcoin cannot be rushed. Rather, rushing it can make it worse and ruin your investment. If you want to earn money without investment, you can grow your account quickly and join the signature campaign. But when it comes to investing, you must always invest with risk management in mind.

Litzki1990

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Only those who live abroad can feel their pain. We may understand their absence but we can never understand their pain. They have to leave their family and work abroad only for the sake of their family and they have to work there for about 14 to 18 hours. After working for 14 to 18 hours, you have to cook, eat that food and get ready for the next day. You are the son of an expatriate father and you can imagine your father's suffering and you are now trying to do something. It's not a big deal if you are unemployed yourself, keep looking for a job, if you don't find a job after searching, try to do something yourself without looking for a job. Right now it would be a good decision for you to find a job, after finding a job then you can plan to invest in bitcoin if you want because if you want to invest in bitcoin now without a job then it will put pressure on your father.

Zigabel

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Working and saving to invest in Bitcoin bis really a brilliant idea but just before you start investing your hard earned money into Bitcoin it important you have a good knowledge about investing in Bitcoin because it wouldn't be wise you invest in something you don't understand, how much knowledge you have is proportional to how well you are going to do with your investment as this will keep you informed enough especially with making the right and best investment decision.

Invest first in knowing much about Bitcoin (knowledge) the you can proceed to DYOR after which an informed investment decision is what you do and definitely you will most likely be profitable and glad you started your Bitcoin journey, but then start now because the more you wait the higher the price goes as Bitcoin has a cumulative bullish movement.

Samlucky O

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Quote from: Septex on December 08, 2023, 08:25:32 AM

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.

Your story is quite sad and pity, but the fact still remain that life does not give you what you want, but place you where you where it feels. But the most important thing about now is to take the offer life gives to you and learn how to be familiar with it. Concerning your family situation I don't have much to say but a person like you might find it difficult to invest in bitcoin with your current family situation. Because it will be difficult for you to make money and invest on bitcoin and take responsibility of the father. What I sujest is that you should work hard here in this forum and rank up so that you can join signature campaign and start earning in bitcoin. So that it will be like an investment plan for you. While you work and use your salary to take responsibilities of your family.

Promocodeudo

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Quote from: Septex on December 08, 2023, 08:25:32 AM

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 must say that your narration is very pathetic, sorry if I used the wrong terms to describe the situation, OP, your plans are very nice but actualization is now where the problem is, investing in Bitcoin is perfectly fine depending on the strategy you choose to work with, I don't want to sound as if am discouraging you but the truth has to prevail, can you really save now and still meet up with your need, if yes, then you are good to go, my advice to you is that don't ever think of borrowing of being indebted in other to pave way for you to invest in bitcoin, make sure you do it the little you can, beware of the market too, it will make you to know how to place your investment

Xal0lex

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Quote from: Septex on December 08, 2023, 08:25:32 AM

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.

There is an unspoken rule that you should invest in cryptocurrency the money you are willing to lose. And do not forget that investing in bitcoin is a long-term investment, it will not bring you a huge profit tomorrow. Remember that. No, I am not discouraging you to invest in bitcoin. Just think about what I said. And yes, my great respect and good health to your father.

lombok

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Having the desire to invest is a good thing. However, OP needs to know that investment requires capital and financial stability. That's the basic rule. In my opinion, the OP should just focus on school or study thoroughly and then get a job and be able to meet his needs and have more money or savings. Well, maybe the savings money can be allocated a certain percentage for investment. If the OP is in a hurry, the intention to invest in bitcoin could become a problem and an obstacle to the OP's current focus in studying.

Blitzboy

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Quote from: CryptopreneurBrainboss on December 15, 2023, 03:59:03 PM

Quote from: Septex on December 08, 2023, 08:25:32 AM

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.

Go and get a job buddy, Bitcoin isn't a poverty elimination program and the idea of investing in Bitcoin stopping poverty has to end. Poverty is a mentality, you can get all the money in the world and you'll still go bankrupt and broke in few days, years times or even month depending on the amount of money you had. What you need first is to get a good paying job and if your sister is eligible to work she can get hers too. When you have steady income a lot of things become easier to do. You can invest in Bitcoin better as you can DCA whenever you receive your salary.

Bitcoin has made investing very accessible but this has its pros and cons so you should be extremely cautious of the decisions you take so you don't end up regretting them. Learn a skills and use that skills to get paid in Bitcoin is another way you can accumulate Bitcoin if you don't want to be buying manually after receiving payment for a service your offer or from your job. Don't depend only on the profits you can get from Bitcoin because tp receive high profits you need to allow your investments to mature for sometimes which is what you won't have available when depending totally on the profits you get from investing in Bitcoin.

Bitcoin doesnt solve poverty, and prosperity isnt just money. Mindset and strategy matter. A job provides a foundation. Your sister, you, and everyone should aim for that. Yet dismissing Bitcoin's potential seems too cautious. Dick, my friend, gets a good job. The savvy guy invests part of his paycheck in Bitcoin. He's not reckless; he's diversifying with Bitcoin. As his investments mature, so does his financial confidence.

Dick's tale is real and achievable for many. Bitcoin isnt everything, but it helps develop wealth. Balance is key: good work, skill growth, and smart investment, including Bitcoin. That modern, holistic financial security strategy recognizes Bitcoin's value in today's economy.

Manny@11111

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Financial freedom comes from financial awareness that leads to financial development. You already understand the situation you are in and also conceptualized what you want to do in other to salvage it which is investing in Bitcoin. Is a good thing and is also the future of financial libration. I will advice you to actualize this as you in the right direction.

Natsuu

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Know your priorities, OP. You cant have everything all at once. It’s good that you are inspired by your family and you want to help them but you have to take things little by little, one thing at a time.

Investing in Bitcoin can be a potential avenue but it's important to approach it with caution, considering its volatility. Bitcoin is so risky so dont risk everything you have for it. Just earn alot of money first then invest.

CryptopreneurBrainboss

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Quote from: Septex on December 08, 2023, 08:25:32 AM

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.

Go and get a job buddy, Bitcoin isn't a poverty elimination program and the idea of investing in Bitcoin stopping poverty has to end. Poverty is a mentality, you can get all the money in the world and you'll still go bankrupt and broke in few days, years times or even month depending on the amount of money you had. What you need first is to get a good paying job and if your sister is eligible to work she can get hers too. When you have steady income a lot of things become easier to do. You can invest in Bitcoin better as you can DCA whenever you receive your salary.

Bitcoin has made investing very accessible but this has its pros and cons so you should be extremely cautious of the decisions you take so you don't end up regretting them. Learn a skills and use that skills to get paid in Bitcoin is another way you can accumulate Bitcoin if you don't want to be buying manually after receiving payment for a service your offer or from your job. Don't depend only on the profits you can get from Bitcoin because tp receive high profits you need to allow your investments to mature for sometimes which is what you won't have available when depending totally on the profits you get from investing in Bitcoin.

so98nn

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Just hang in there and focus more on your studies to be straight. This can help you get good job in the neat future, that will help you settle better.

In the perspective of Bitcoin, I would advise you to invest but not to sell your coins in a long future. This is important because if you think Bitcoin can quickly give you profits then its completely wrong. Bitcoin does give back but it needs to be invested properly.

Since you studying that means you understand the basics here. Go and search for the DCA strategy. In short if you are buying Bitcoin then buy them at different time points, at different prices and mostly buy when Bitcoin goes lower than your highest bought price. If you continue to do so until you graduate I believe you will have good returns. Good luck mate.

Dr.Bitcoin_Strange

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Quote from: btc78 on December 14, 2023, 09:44:06 AM

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.

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
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It seems there are many ways to earn cryptocurrency, but the only best and most favorable way is to invest your money in Bitcoin or any other altcoin that you feel convinced about. The reason I say so is because about 80% of what is exiting today as an airdrop is just scam tokens or coins. Then about 18% is just some airdrops that you might not even earn up to $1–$5, and the remaining 2 percent is real, which will require you to have some better internet skills before you can successfully finish the airdrop task.

If it were in the past, you might have luckily gotten some airdrops where you could earn up to $100 in free cryptocurrency, but now it's not like that. That's why it's better to only invest with your money and avoid airdrops because the majority of them will only expose you to scams.

synchronym

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Quote from: Septex on December 08, 2023, 08:25:32 AM

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.

op I am really sad to hear your life story. Because unemployment is very painful in people's lives. There is nothing worse than when our parents nurture us and we grow up to be unemployed. Because every boy and girl wants to do something for their parents. Of course, best wishes for you. You will get rid of unemployment in future. If you are interested in investing in Bitcoin, you must check the market and invest in Bitcoin. You have to keep in mind that Bitcoin investment is very risky. When it comes to Bitcoin investing, you must have a long-term plan. You take time, be patient, plan for the long term and make your life free from unemployment with Bitcoin.

komisariatku

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Quote from: Septex on December 08, 2023, 08:25:32 AM

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.

Hopefully you will always be enthusiastic in living your life, which may be in quite a bad condition.

Bitcoin is currently a very good investment instrument, its value is always high and its price movements are also good. But you also know that Bitcoin is an investment that has a high risk, you need to consider that. I hope you don't force yourself to invest in bitcoin if your financial stability is not good enough because of the risks it carries.

Maybe what you need to do now is study harder to get a good job so that your family's financial condition improves and once you have financial stability, that's when you can start buying bitcoin and make it an investment for a better future.

TimeTeller

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Quote from: Bananington on December 14, 2023, 02:25:14 PM

More than sharing sorry tales on this forum is the point to heed, which is to know that investment in BTC is not a guarantee out of poverty. You need financial discipline first of all in order to now become able to save up, earn and save up some more BTC investments that may later pay off well to Carter for the hard times.

I would advise that since you are studying, you could also learn how to be a good trader. Traders make good profit from buying and selling BTC or any shitcoins out there, am sure that overtime you could have big wallet portfolio of HODLing investment to your name

It would really take time to have enough experience in trading to make it out alive in this market.
Patience and perseverance are needed in order not to give up in battling the challenges of this activity.
And while studying, he can very well learn some tips along the way. Learning is not an overnight task.
It would take years and years to be comfortable in a given activity. As long as you have the passion, you can survive with the trials that come with it.

Spaceman1000$

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Quote from: Septex on December 08, 2023, 08:25:32 AM

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.

Your family situation is an emotional one, as i see that your on a voyage to rescue your families financial status, for which i can relate going by your write up. Something the financial background of our family can really affect us in a way or the other, sometimes psychologically it can drain us, but with courage and steadfastness, you will surmount it. Your idea in investing on Bitcoin is a brilliant one, but you should do it little by little with amounts you can afford, bitcoin investment is something you will not see the return in investment almost immediately, it will take time but trust me your patience will really pay off over time.

Bananington

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More than sharing sorry tales on this forum is the point to heed, which is to know that investment in BTC is not a guarantee out of poverty. You need financial discipline first of all in order to now become able to save up, earn and save up some more BTC investments that may later pay off well to Carter for the hard times.

I would advise that since you are studying, you could also learn how to be a good trader. Traders make good profit from buying and selling BTC or any shitcoins out there, am sure that overtime you could have big wallet portfolio of HODLing investment to your name

CryptoHeadlineNews

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Quote from: Septex on December 08, 2023, 08:25:32 AM

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.

If you are looking for an investment that could automatically eradicate your family poverty, then Bitcoin is not the answer. If you are looking for an investment where you could make daily constant profit, Bitcoin is still not the answer. But if you are looking for an avenue where you could store your funds without it losing it's value in a long term, then Bitcoin is actually the Answer. Because this concept of yours which you just said about Bitcoin is actually not how it works, because though Bitcoin it's volatility can be taken advantage of through trading, but if you intend to just hold, you will hardly make good profit in a short team to sort your family bills. So I advise you go sort a job, while you invest in Bitcoin with a small fund you can always afford to.

tjtonmoy

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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?

kryptqnick

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Quote from: Septex on December 08, 2023, 08:25:32 AM

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.

Fiatless

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Quote from: Septex on December 08, 2023, 08:25:32 AM

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.

TheUltraElite

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So anyway, I applied as a merit source :)

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.

gunhell16

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Quote from: Septex on December 08, 2023, 08:25:32 AM

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.

Tony116

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Quote from: Septex on December 08, 2023, 08:25:32 AM

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.

btc78

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Quote from: Dr.Bitcoin_Strange on December 08, 2023, 09:24:31 AM

Quote from: Septex on December 08, 2023, 08:25:32 AM

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

Hyphen(-)

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Quote from: Septex on December 08, 2023, 08:25:32 AM

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.

Jawhead999

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Quote from: Volimack on December 14, 2023, 08:12:26 AM

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.

Volimack

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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.

hatshepsut93

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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.

Essential10

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Quote from: Septex on December 08, 2023, 08:25:32 AM

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.

2Pizza410000BTC

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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.

Suzume

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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.

wallet4bitcoin

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Quote from: Septex on December 08, 2023, 08:25:32 AM

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.

Crypto Library

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Quote from: Septex on December 08, 2023, 08:25:32 AM

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.

AnonBitCoiner

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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.

|MINER|

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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.

Husires

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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.

Blitzboy

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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.

tabas

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Quote from: Septex on December 08, 2023, 08:25:32 AM

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.

Everything takes time, make your father as a perfect example on what hard work is. But today, hard work isn't enough for you to have a better life. While people see hope investing in Bitcoin and have a better life, you'll go back to the actual problem which is about money. You need to have money for you to be able to invest in Bitcoin because without such, it's always just hope and desires without having the actual thing you need to be part of it. As you study, can you work for part time to at least have some budget to yourself and be less to the budget of the family? I think that's the best way that you can do aside from studying very well.

Kemarit

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Quote from: Septex on December 08, 2023, 08:25:32 AM

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.

Well then study hard and go chase your dreams. Yes, some of us specially in third world countries, one father or even our mother chooses to go out and work on our countries so that they can give us a bright future. So if you really wanted to reciprocate and give back for the hardwork that our father is doing abroad, then I will ask you to just go and learn and study and maybe by the time that you have graduated you might find a good job and your father going back home because it's now your time to give back to your families.

So that will be your first goal, and when you got a study job then that is the time that you can invest on bitcoin, maybe thru DCA or any method that you are comfortable and be just like the rest of us here, long term HODLer.

BIT-BENDER

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Life isn't easy for everyone, and most people had to struggle to make it out of poverty, yes you have a good plan about working and investing in Bitcoin but still you need to actually have an atleast sufficient source of income to support that.
Bitcoin is not a revelation in terms of financial growth for its holders, before Bitcoin there have been other investments like land and properties, real estate and this has to do with buying lower than you sell in other to make profit. So if it's financial growth you seek don't only depend on your Bitcoin investment, also invest in yourself, learn new skills that can help create job for you then you can have more source of income to invest in Bitcoin.

ZAINmalik75

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Quote from: Septex on December 08, 2023, 08:25:32 AM

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.

Hmm OP that is a good idea to invest in Bitcoin but the main point is that the cryptocurrency market is based on high volitality. Here you can lose if you don't make up a proper plan for the future and gauge the dynamics of the market. Because this Bitcoin are totally different from other things. Right steps and good knowledge only can help you survive his assets in the market.
But anyway I will will suggest some basic points that will allow you to gain some profit and fulfill your dream as well as family necessities. But I am not a financial adviser. It is just for educational purposes.

Here are the following steps that will help you a lot if you use them at the right time.
1. To avoid volatility, you need to diversify your investment—I mean DCA.
2. Invest the money that you can afford to lose.
3. Long term investment (hodl) can bring a lot of profit as compared to trading or short term investment because newbies don't have much more knowledge in terms of TA.
3. Store your funds in a cold wallet because no exchange is trustworthy. Etc.........

southerngentuk

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It's truly admirable how you are working hard to support your family and aspiring towards a better future. Your dedication to your studies while working to run the household demonstrates your strong character and desire to improve your circumstances.Your father's sacrifices and hard work are evident in the life he has provided for you and your sister. It's understandable that you want to alleviate his burden and bring financial stability to your family. Instead of solely focusing on Bitcoin, consider exploring additional income streams. Combining your studies with part-time work or freelancing can provide you with more immediate financial support and allow you to gradually save for your long-term goals.

Remember, your dedication and hard work are your greatest assets. Continue on your path with determination, and together with your sister, you can build a brighter future for yourselves and your family. You don't need Bitcoin to achieve financial security; your own efforts, combined with responsible financial planning, can pave the way towards a stable and fulfilling life.

gunhell16

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Quote from: Septex on December 08, 2023, 08:25:32 AM

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.

Let's just continue with our hard work and perseverance because, for sure, in the end we will also reap good things. If you are planning to accumulate Bitcoin, it is better to start now, even if it is only a small amount, so at least you have something to start right away.

Besides, you are not the only person where father who is in abroad because of the hardships of life at this time. It is really necessary to be strategic in life and make a way for us to have a source of income. Cryptocurrency, or Bitcoin, is the only one to give us a source of income, even in long-term holdings, as long as we have something to buy.

Ndabagi01

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Such is life, and everyone has a story about how life has been unfair to them at some point. You are not the only one who is going through something similar to this. The best thing to do is to solve the problem and look for possible solutions. It's great that you're aware of bitcoin and want to make a lot of money so you can live comfortably and help your family.

Bitcoin is not a get-rich-quick investment, and given your family's financial situation, investing in bitcoin would be unwise. To make a good profit from your bitcoin investment, you should only invest what you are not going to use right away. Only by investing for a long period of time will you have a chance to make a fortune in bitcoin investment. Can you do that given the state of your family? It is better not to begin if you cannot.

syedakhlaque

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Your father did well. He worked day and night for his children and spared no effort in your improvement and upbringing. So that you can live a good and successful life. Even he is working hard in his old age. I appreciate your father labour and hard working.
Now your father is obviously old. And he does not have the spirit of youthful strength, health and courage.
And this is your peroid of time. Create your own name if you are alive. And I think you are on the right track. And with your hard work you will earn very well with Bitcoin. Crypto and Bitcoin is good and suitable business for you.

Strongkored

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I hope that when you find out about Bitcoin it is not from wrong information, for example Bitcoin will give you wealth quickly or Bitcoin will solve all your financial problems.
If you want to invest then your main needs should have been met including your family's debts having been resolved, because investing with the hope of profit but still routinely paying interest on loans, in my opinion, is not good, because in the future there will be a time when you will feel bored with your investment in Bitcoin because the movement is not as expected so sell it or when there is something urgent to sell at a loss, start investing slowly without feeling afraid of missing the train because you read predictions that Bitcoin will soon rise and continue learning about the Bitcoin market because it is quite important for Bitcoin investors.

avikz

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Quote from: Septex on December 08, 2023, 08:25:32 AM

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.

Well this is life! We have bad times and we have good times. Human being we need to navigate through those are knowns and make ourselves stand in the crowd.

But if you really want to invest and grow your money in a secure way, invest only a portion into Bitcoin. But you should never invest all money that you have into Bitcoin. The way Bitcoin can go up similarly it can go down as well. As per your situation, capital protection is something that you should look for. Always have a diversified portfolio so that you can spread out the risk of investment. All the best!

Hewlet

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Quote from: Septex on December 08, 2023, 08:25:32 AM

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 are in a very complicated situation where you have to combine schooling with working, and knowing that you are not just working to assist yourself in school but that you are also footing the responsibility of taking care of your family is a serious burden already.

I doubt these responsibility will give you the leverage of making any reasonable investment knowing how financially demanding school stuff can be.

I will just advise you continue participating actively in the forum and may be along the line if something start coming in, you can decide to be accumulating it since you already have a lot of responsibility on your head.

aylabadia05

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Quote from: Septex on December 08, 2023, 08:25:32 AM

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.

Investing in Bitcoin should not be forced. I have experienced your story in my life when I was still not married and had children. You are a dutiful child and I am happy with your attitude in living life. Good words for you, you will be successful in making your father happy with the capital of hard work that is often done by your other friends.

Use money you can afford to lose when investing.
The large amount of money invested, the opportunity to gain large profits from returns when prices reach their highest is also large.
You work while studying. Are you able to make good financial planning that you can do at the same time?

CryptSafe

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OP, I see you are really desperate to rescue your family but you do not know how to go about it. At least this step you have taken to identify with this platform would help you out only if you ready and committed to tow the paths of working to actuating your dreams.

You can learn lots of activities here including skills and other meaningful things that could fetch you streams of income as you remain on this platform. If you're good at writing, you can easily grow through ranks making you eligible for signature campaign where by you would be earning Bitcoin in return for your job done. This could help you along way in assisting your family. With it your financial burdens would be reduced while you develop your skills to add up but you should obey the forum policies and regulations to avoid being nuked or banned.

arufox

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I'm sorry about your family's condition. But I applaud your intention to help your father so that he doesn't always have to do hard work. But you need to understand that if you want to invest in Bitcoin you must have sufficient knowledge because investing in cryptocurrency is very risky. Therefore, understand the market first before you invest, and determine the profit target you want to get, both in the short and long term, so that your intentions and goals can be achieved.

kentrolla

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Glad that you are aware of Bitcoin and how it can benefit you because I have seen people especially most of them born in 60s and 70s working their entire life with a very little salary and we are lucky to be aware of Bitcoin and it's potential wherein there are millions who have no idea about about it and working even more harder than us but unable to meet financial needs.

Try to utilize it the most to improve your standard of living, take my suggestion it has worked for me, please start accumulating Bitcoin throughout the year except during bull run and in few year you will see you funds getting multiplied.

Few important things are you need a job which gives you freedom to invest into Bitcoin hence give your best to get a better paying jobs to meet your end needs and invest even if it's as little as $10 a week.

There are lot who don't have own house and there are people who sleep on street hence don't let any negativity impact your goal.

Don Pedro Dinero

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I agree with the two colleagues who have commented before me. With Assface16678 I agree above all that I think the best thing you can do at this time of your life is to focus on training so that you can have a good income in the future. If you have to study and work in order to be able to provide for your family, make every effort you can. Investing in bitcoin can be part of the plan but not a priority. And if you are going to invest, it is better to have an emergency fund before you do so, so that you are not forced to sell in a bear market, as Dr.Bitcoin_Strange points out.

Dr.Bitcoin_Strange

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Quote from: Septex on December 08, 2023, 08:25:32 AM

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.

Your intentions are not bad at all, but a wise decision about investing in Bitcoin is having to invest the amount that will not disrupt your financial plans or budget in the aspect of later-arising needs that could force you to sell your coin at a cheaper price than the price you bought. I want to remind you that Bitcoin is a volatile asset. You might buy when the price was $43k, and it can drop to $30k and stay in that price range for some months. 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. So, while investing in Bitcoin, you should have other sources of consistent income and also have some saved funds for emergencies. Invest the amount you can hold until the maturity of your investment (basically, when you have seen your infested amount yield enough profit you are satisfied with.).

Assface16678

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Well, that's life. I don't want to say anything about sympathy words or anything; instead, I would like to encourage you about your plan about investing in bitcoin. I admire that you know your situation and your appreciation for your father, so invest in bitcoin because that vision is not wrong, or, in short, could lead you to a better life or a fair profit. But the thing is, I also would like to remind you that even though bitcoin investment is profitable, there is always a risk or bitcoin is a risky investment. I get it, you want to earn immediately to help your family, but if you rush things in bitcoin or cryptocurrency, then it will turn out bad as you could lose money in this investment, and I know you can't afford to lose money with your current state, so I advise you and encourage you to study first, give time and effort in studying about bitcoin and how to earn in it, for example trading, faucet, or you could start growing your account here and join in a signature campaign for starters to calculate the amount for your investment. Anyway, good luck on your investment journey. I wish you all the best. Just always remember to be safe in this field and think before you take action because every decision and move could cost you.

Septex

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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.

Topic: Bitcoin's role in financial development (Read 527 times)