Topic: can Bitcoin provide food for our table - page 2. (Read 1109 times)

Of course Bitcoin can put food on your table because Bitcoin is a valuable coin.  Now various restaurants are accepting payment for food through Bitcoin and in the future it will expand even more when Bitcoin like paypal, bank card will become a common international payment method and it will be possible to pay in all cases through Bitcoin.  Where Laszlo was able to buy pizza with Bitcoin 13 years ago, why can't we now think that Bitcoin is able to deliver food to our table?

Yes, you are right Bitcoin can provide food on our table but not directly. You have to understand Bitcoin does not do it directly as it is a digital currency and many people do not accept it so first you need to change it and then you will buy things like food, drinks, etc here I am adding that it will be only possible if you have a good strategy and understand the market when and how much to invest. People use the investment to make a profit so investing in Bitcoin technical, analysis, and fundamentals strategies are required so if you command them you will definitely succeed

First we need to understand the preamble of Bitcoin than we will discuss how Bitcoin can provide food on our table. Bitcoin is a decentralized commodity through which we can buy our necessities or exchange it for fiat currency. Bitcoin is not a physical thing that we can touch or call to bring some food. It is the method of payment through which we can easily buy or order some foods by using a crypto debit card or gift card. Food and cryptocurrency might not seem similar to each other. Cryptocurrency is in the digital realm, and food is rooted in the physical world. But one thing is for sure: if we invest in or trade in Bitcoin and make some profit, obviously, Bitcoin can put food on your table, In this procedure, you send crypto (Bitcoin), and the retailer receives fiat money as payment. As a result we can provide food for his own table.

In addition, we will discuss the benefit/advantage of using cryptocurrency at restaurants for food in simply few points.
 ★ Using Crypto in restaurants is a safe way to manage transactions.
 ★ Transaction fees for crypto payments are usually lower than what banks charge.
 ★ It can also make your business more attractive to customers who use cryptocurrency.
 ★ Cryptocurrency transactions are quick and take only a few seconds to complete.
 ★ Crypto transactions are anonymous, allowing restaurant patrons to hide their identity.
 ★ Blockchains are permissionless. Therefore, no one can save or freeze the user's crypto address.

There are several restaurants that they are already accepting payment as cryptocurrency here's below their list.
1. Starbucks
2. FlameStone American Grill and Beachwood Seafood Kitchen & Bar
3. Quiznos
4. Subway
5. Burger King
6. Safari Comedor
8. Crazy Italians
9. KFC
10. While Food

In investing or doing business there is always risk and to be successful we need to accept risks. And if you consider taking risks and trade-offs as gambling then there's nothing wrong with that but I don't think anyone would call it gambling, it's just business risk. If you think that taking risks to achieve success is gambling, then everything in this world is gambling, including our lives. Because no one knows in advance what our decisions will bring about in the future. Life is like a gamble from your point of view.

I think OP didn't mention bitcoin is used as currency to buy food or other products. I think what he's talking about is whether bitcoin can bring us income. It seems like he is mentioning bitcoin investing and trading as a main job that can meet his daily needs. If that was his intention then I think it was a bad idea. Income from bitcoin is unstable so relying solely on it is like pushing yourself to a standstill. We should have a steady income job before thinking about investing in bitcoin. Bitcoin may provide the food on the table for us, but it will not guarantee and cannot be compared to a job with a steady income.

Despite not being accepted as payment at markets or food stores, Bitcoin can be traded for the local currency in any nation that accepts it. In conclusion, it is accurate to say that Bitcoin can be used to purchase food. Bitcoin is referred to as a digital or peer-to-peer currency for this reason.

In addition, the fact that these professional traders are successful in their line of work shows that Bitcoin is not just used in the food industry. Other merchant businesses accept Bitcoin as payment for their goods directly, and some restaurants even do so.

actually you forgot to mention , about skills opportunity and the advertising in crypto that you can earn bitcoin, special mentioned Bitcointalk signature campaigning .

so adding this to the flavor of this question.

we must have something to provide for our family and bitcoin will only for investment purposes, never let this to bring you food because in time you might be hungry.

But even those professional traders who have a proven portfolio are still venturing into business because the market does not always go their way which is why they aren't putting their all eggs in one basket. But again you'll be earning big that time for sure which they have security in their income like even they are on loss this month but prior to that they earn profit which lasts them for few months which again that wants others people will copy as they though easy but turns out not

Bitcoin trading or investing cannot guarantee sustainable profits at all times that’s why it’s best if we consider it as a side hustle rather than making it as our major source of income. However, professional traders and investors can do more than that. They can eventually consider bitcoin trading and investing as a reliable source of income because they trade with sufficient knowledge and skills, and are exposed to the trading market for years, so they are capable enough to overcome the risks and end up successful and profitable. That way, they can easily provide foods on the table for their family, but I believe if they have stable jobs aside from trading and investing, there will be more security on their income.

Bitcoin is a medium of exchange, if you buy it for low and sell it for high yes it can put food on the table. but its a ridiculous question to ask. Can you ask in Europe Can US-dollars provide food on the table ? Yes it can if the shops accept it, similar like Bitcoin, you can exchange it for goods, but without an intermediary like a government but a decentralized network of computers securing your transaction to be immutable - cannot be altered. When bitcoin becomes a standard and is globally accepted by every individual it will be the new generation of people's money !

The reason why many people have tried investing in Bitcoin is because they're thinking about earning huge amounts which is deniable not. But, we don't have to overthink, we know also that many people have lost their money from doing this which is why don't make yourselves confident enough, who knows?

However, If we can really do the right things, earning is not impossible but we also have to work hard. Yes, it never just gives us food on the table but this will also change our financial capabilities.

Agree with you, although investing in bitcoin can bring us significant profits, it also carries the risk of loss. So, if OP plans to make investing in bitcoin his main job to bring food every day, this is really not recommended and too risky. No matter how good Bitcoin is, it is still an investment, it can never be a job that gives us a steady income. So depending entirely on a volatile asset will not guarantee our lives.
Starving might be a pretty negative example, but if OP was completely dependent on bitcoin without another main job, his life would be in big trouble.

Yes, Bitcoin can provide so many things to you if you can embrace the knowledge of Bitcoin and invest wisely, because it has helped many people to eliminated poverty from their family and make their businesses more function than those who don't know Bitcoin in the environment. If you acquire the knowledge of Bitcoin, I don't think it will just only provide food on your table but it will increase you financially in all level when you buy Bitcoin when the price is low in the market which is the favourable time for potential investors to buy and hold for bright future.  But don't forget that Bitcoin investment is different from other investments, so don't invest what you can't afford to lose.

Doing things right sounds like a gamble too. Nothing can be predicted with 100% accuracy, no plan can be executed with 100% rate of success so risk is always there. We can not know our future and our decisions today always have risk factors. It is always kind of gambling, just gambling with big or small risk factors.

Doing things right like you said can be minimizing risk factors as much as possible but whatever risk factors are, it is still a gambling even you can increase your success probability.

I disagree. It is always gambling. Companies gamble with new ideas, new products then they separate in successful companies and dead companies. Big corporations gamble that they don't need to gamble with bigger risks in new trends, then some of them lost their positions like Nokia, Koddak, Yahoo. Some accepted risks and succeed like Samsung, Tesla, SpaceX.

Investment and business are only considered gambling when we have no knowledge, but when we have full knowledge and understanding about it, it is not gambling but can bring us good income. While I am not advocating for anyone to consider investing or trading bitcoin as their main source of income, there are still some people who are doing it and have been successful. But of course, very few people can do it and everyone should not follow, but rely on their own ability.

Bitcoin is just a tool for us to generate income, so it not only provides food but can also be our daily need, if we know how. It's all up to us, not bitcoin or any other asset.

It's like a gamble though but if you are able to do things right, it is not a gamble. If you invest time and effort, you will succeed and you can do trading for a living.
So yeah, it's a risk that you will rely on trading only for food for our family, what will happen if there are days/weeks that you don't win on trading? Always think also on the other side.

If you're trading or investing in Bitcoin, then you can be able to make money to put food on your table. But there are risks involved, you can see that the market is highly volatile, so anything you are doing, you just have to be careful. When it comes to anything investment , there are risks involved.

Once they earn Bitcoin, they now think that they will earn in a stable way, but they don't analyze the situation. Yes, you earn Bitcoin, but it is not stable compared to a job where you'll have a salary every month, which is a sure salary as long as you go to the job, but in Bitcoin, just imagine you are just relying on a pump, and for that month there is no pump, or even in trading if you are just new to it and have no proven stable portfolio, it is still the same. That is why it is better to find a job and make it a side hustle. Always think of the negative before saying or concluding something.

As Bitcoin is a decentralized currency there is no third party control over it as there is control over centralized currencies. That's why people are interested in investing in Bitcoins and are investing in Bitcoins spontaneously as there is no risk involved. But Bitcoin is a future safe asset for us, its supply is limited and will surely increase in popularity day by day. It will not only provide us food but all the essentials of our life can be exchanged through Bitcoin.

That’s an optimist’s way of thinking my friend. You’ll be surprised to realize how much of these things you’re envisioning end up falling down the gutter later on. Not here to hate on bitcoin or anything since after all, I started from nothing and gained a lot from bitcoin too, but as someone who’s experienced the best highs and the worst lows in here, I’d much rather suggest for OP to look for a steady income stream like a job or something rather than pooling his efforts into bitcoin for the sole purpose of providing his family’s Basic needs. It’s dangerous and at worst you’ll literally starve.