Bitcoin can provide food on your table you if you become incredibly good at the skill that you have learned from it. If through bitcoin you learned how to trade and become one of the best at it, you can you trade, make profit in bitcoin and be able to live off of that. That is how bitcoin can put food on the table, clothes on your body and shelter you if I may add.
But then again, OP, remember that as tranthidung said, bitcoin is bitcoin and it is a medium of exchange, a store of value and nothing else. It is what you do with it that puts the food on the table.
Topic: can Bitcoin provide food for our table - page 3. (Read 1107 times)
WHY MUST EVERY OTHER POST ON THIS FORUM BE ABOUT MAKING PROFITS?! You almost had me until you started mention "profits". Yeah sure, bitcoin can act like an investment and help you make "gains", but that's not it's purpose and people need to make sure they understand that. First and foremost, it's a new type of money, with a decentralized platform that was created to thwart banks/fiat/inflation etc.
Profits/gains/investing comes secondary.
It always depends on where you are from and how much money you make. It may sound weird for you but on this forum there are people who are able to maintain their families thanks to the bounty campaigns, why? Because in their country they can't make $80-100 per week while with the campaigns, yes, you can. You can now easily guess that for people in that situation bitcoin is just a way to provide food for their family, it's easy to talk about new money, decentralization, going against the banks, etc etc, when you already have a house, a job, a good salary and food is never a problem.Profits/gains/investing comes secondary.
WHY MUST EVERY OTHER POST ON THIS FORUM BE ABOUT MAKING PROFITS?! You almost had me until you started mention "profits". Yeah sure, bitcoin can act like an investment and help you make "gains", but that's not it's purpose and people need to make sure they understand that. First and foremost, it's a new type of money, with a decentralized platform that was created to thwart banks/fiat/inflation etc.
Profits/gains/investing comes secondary.
It always depends on where you are from and how much money you make. It may sound weird for you but on this forum there are people who are able to maintain their families thanks to the bounty campaigns, why? Because in their country they can't make $80-100 per week while with the campaigns, yes, you can. You can now easily guess that for people in that situation bitcoin is just a way to provide food for their family, it's easy to talk about new money, decentralization, going against the banks, etc etc, when you already have a house, a job, a good salary and food is never a problem. Profits/gains/investing comes secondary.
^ Diversification is a key strategy in managing risk when it comes to BTC and other investments. Relying solely on BTC for income could expose one to unnecessary financial risks if the market turns bearish. For me, having multiple sources of income and investments, as you mentioned, is a prudent approach to ensure financial stability and avoid the impact of market volatility.
It could be the concept of (buy and hold) was suitable with a long-term investment strategy, where investors aim to capitalize on the potential for the market to eventually shift into a bullish phase, allowing for greater profit potential.
It could be the concept of (buy and hold) was suitable with a long-term investment strategy, where investors aim to capitalize on the potential for the market to eventually shift into a bullish phase, allowing for greater profit potential.
True that but we should also moderate the diversification of our investment. We must make sure that we can manage them all. Diversifying too much to the point of not be able to manage them correctly is way worse than a single investment. Many investors lost a lot of funds due to not being able to manage their investments. They act too late whenever there is a news resulting to a loss. So when diversifying investment, always consider our ability on how many investments we can manage.
Because many people I know testify of Bitcoin and after I made my research concerning Bitcoin, I found out why people are comfortably investing in Bitcoin, is because it's a decentralized currency. then I have to come with the idea that Bitcoin can make availability of food in our table when we learn and understand the basic things of Bitcoin especially understand trading and long term investment of Bitcoin.
If I understand what you are trying to say, I think you are trying to discuss how we can turn bitcoin into our local currency in order to get something edible or any other physical necessities that we need, which can be done through investing in and trading bitcoin and cryptocurrency. However, yes, we can do that when someone gets introduced to bitcoin and decides to invest or decides to learn trading, they can use the money they get from trading to feed the people around them, unlike investment, which takes some time before you get your profits, so you can see that these can only be done by wavy traders. Investors who have already invested and are waiting for their target to sell their investment won’t want to sell the investment.
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and we suppose to make Bitcoin our side hustle but with seriousness on Bitcoin investment and trading, we can achieve a success.
On a normal, someone who understands bitcoin and is aware of how it works cannot take bitcoin as work because it is not something that you can buy and sell physically, so you need to get something done so that when you have an emergency, you cannot touch your investments. Use only your physical work to cover your needs, but if someone says they will use bitcoin as a form of work, that means they don't even know what bitcoin is all about.
I have be wondering why people are queuing up in Bitcoin, then I began to ask if Bitcoin can make provision of food in our table. Because many people I know testify of Bitcoin and after I made my research concerning Bitcoin, I found out why people are comfortably investing in Bitcoin, is because it's a decentralized currency. ...
It will depend on the person, on how they optimize the benefits of Bitcoin. This is not just a decentralized currency, this is a valuable and promising asset for investment, even though it is high risk. In short, Bitcoin can help you get a lot of food for your days, even more than that. Bitcoin could help you realize various dreams. But on the contrary, Bitcoin can also make you poorer and more miserable. Again, this will depend on how you manage your Bitcoin and how you benefit from it. having high hopes is okay, but keep control over yourself, because after all nothing is instant in the world and everything needs a process to go through, a process that is definitely difficult. Likewise with those related to Bitcoin. No one should invest their resources in a single asset but should diversify in multiple ways, bitcoin cannot be a source of income by itself but can become an excellent investment base thinking about the future. As I have already said elsewhere, I am no longer thinking about the price pegged to the dollar.
Agree. Bitcoin investment is high risk, people can't only rely on Bitcoin for their income. There should diversification on the more secure assets such as lands, gold, or other things. Bitcoin mostly becomes the long term asset, people can't expect to get profits as soon as possible. Although Bitcoin offers a chance of bigger profits, it mustn't be a single asset since no one knows the future. Bitcoin can provide food for our table, but we still have to exchange it into fiat first to execute the purchase.
Yes, it can't be used as a payment tool in some countries. So, people can't use BTC to buy foods, they need to convert it to fiats. We need to sell the Bitcoin for fiats on exchanges first. Then, we can buy foods with fiats. Well, I also do this because it isn't allowed to use BTC as a payment tool in my country.
WHY MUST EVERY OTHER POST ON THIS FORUM BE ABOUT MAKING PROFITS?! You almost had me until you started mention "profits". Yeah sure, bitcoin can act like an investment and help you make "gains", but that's not it's purpose and people need to make sure they understand that. First and foremost, it's a new type of money, with a decentralized platform that was created to thwart banks/fiat/inflation etc.
Profits/gains/investing comes secondary.
Profits/gains/investing comes secondary.
At first I want to use this medium to introduce myself, I'm a Smartgoat and I have being studying the futuristic of Bitcoin and finally I have developed a hundred percent love to Bitcoin.
Seeing how you have been hodling bitcoin since 2017 and have achieved a lot of success, how come is it that you only recently developed love for bitcoin? Do you have multiple personality disorder or is it that your bitcointalk accounts are so many that you forget which one you post with sometimes? I don’t know what your problem is but I can see DT members have given you a neutral tag because of your ridiculous behavior. That should be enough to make you amend your ways, I hope.
I suppose that basic needs are out of BTC system at the moment, since food is bought with small sums of money, and BTC system still lacks the possibility to be used for small payments (transaction fees, lack of adoption for retail use, lack of business projects working directly with BTC). As for getting some profit, I think you are right, long-term hodling is likely to bring some money. I think that the best strategy with crypto is long-term investment.
Food is sold by local sellers and markets who usually don't deal with Bitcoin and technology. OP is going to have a hard time finding someone willing to sell food to him for Bitcoin currency. That is actually one of the least sectors of the market to adopt BTC, it seems. If food wasn't perishable, then it would have a higher probability we could acquire it for BTC easily on the internet, as the market is wider and there are more options.Bitcoin can provide food for our table, but we still have to exchange it into fiat first to execute the purchase.
I have be wondering why people are queuing up in Bitcoin, then I began to ask if Bitcoin can make provision of food in our table. Because many people I know testify of Bitcoin and after I made my research concerning Bitcoin, I found out why people are comfortably investing in Bitcoin, is because it's a decentralized currency.
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then I have to come with the idea that Bitcoin can make availability of food in our table when we learn and understand the basic things of Bitcoin especially understand trading and long term investment of Bitcoin.
I think with trading they will be a provision of food in our table, when we understand the rules and regulations of Bitcoin, I don't know if this my concept can make a provision of food through Bitcoin. But I'm well convinced that with this my views over Bitcoin investment and trading it will provide or sustain human, if profit are been made. I know that Bitcoin should not be dependent on, and we suppose to make Bitcoin our side hustle but with seriousness on Bitcoin investment and trading, we can achieve a success.
The primary purpose of btc is not take food through btc because btc is not created to use it as a payment currency but still we can use it to buy food. Lots kf restaurant is available in US and UK where citizens can easily buy food with btc. ASIA has no positive work for btc am, this why we are still not able to use it openly, no shops is available where we buy food by paying btc
Trading is easy if we have control on our emotions, know the basics of price changes, peak and low, analysing graph. Trading in btc is mkre profitable then other asstes and many people fulfill their dreams with holding or trading btc.
At first I want to use this medium to introduce myself, I'm a Smartgoat and I have being studying the futuristic of Bitcoin and finally I have developed a hundred percent love to Bitcoin.
I have be wondering why people are queuing up in Bitcoin, then I began to ask if Bitcoin can make provision of food in our table. Because many people I know testify of Bitcoin and after I made my research concerning Bitcoin, I found out why people are comfortably investing in Bitcoin, is because it's a decentralized currency. then I have to come with the idea that Bitcoin can make availability of food in our table when we learn and understand the basic things of Bitcoin especially understand trading and long term investment of Bitcoin.
I think with trading they will be a provision of food in our table, when we understand the rules and regulations of Bitcoin, I don't know if this my concept can make a provision of food through Bitcoin. But I'm well convinced that with this my views over Bitcoin investment and trading it will provide or sustain human, if profit are been made. I know that Bitcoin should not be dependent on, and we suppose to make Bitcoin our side hustle but with seriousness on Bitcoin investment and trading, we can achieve a success.
I have be wondering why people are queuing up in Bitcoin, then I began to ask if Bitcoin can make provision of food in our table. Because many people I know testify of Bitcoin and after I made my research concerning Bitcoin, I found out why people are comfortably investing in Bitcoin, is because it's a decentralized currency. then I have to come with the idea that Bitcoin can make availability of food in our table when we learn and understand the basic things of Bitcoin especially understand trading and long term investment of Bitcoin.
I think with trading they will be a provision of food in our table, when we understand the rules and regulations of Bitcoin, I don't know if this my concept can make a provision of food through Bitcoin. But I'm well convinced that with this my views over Bitcoin investment and trading it will provide or sustain human, if profit are been made. I know that Bitcoin should not be dependent on, and we suppose to make Bitcoin our side hustle but with seriousness on Bitcoin investment and trading, we can achieve a success.
Good for you! I see that you are greatly interested in Bitcoin, as we all have become, so I can only say that it is good to have another Bitcoiner on board, who will ride the wave of wealth in the coming years with us.
I have been with Bitcoin for years now, others have been even longer. But I think one thing that we all have as the common denominator is that we keep learning new things about Bitcoin and the blockchain technology on which it is built. There is still a long way to go!
See you around the forum!
I have be wondering why people are queuing up in Bitcoin, then I began to ask if Bitcoin can make provision of food in our table. Because many people I know testify of Bitcoin and after I made my research concerning Bitcoin, I found out why people are comfortably investing in Bitcoin, is because it's a decentralized currency.
How is bitcoin being a decentralized digital network the reason it provides food on our table, there are guidelines, protocols and things that are expected of us to do or actions to take in other to make us have enough opportunities in bitcoin adoption through how we invest in it, the kind of wallet we use and the trade/holdings we made with this digital and decentralized currency in cryptocurrency, if we can use it to avoid errors from our side, we have have the best achievement in it, but this is when we really know what we are doing, it investment alone is something we can write on that can fetch enough food on the table, but we should answer the question that follows if we can take the risk, bear the pain, hold and have enough patience when we invest.
At first I want to use this medium to introduce myself, I'm a Smartgoat and I have being studying the futuristic of Bitcoin and finally I have developed a hundred percent love to Bitcoin.
I have be wondering why people are queuing up in Bitcoin, then I began to ask if Bitcoin can make provision of food in our table. Because many people I know testify of Bitcoin and after I made my research concerning Bitcoin, I found out why people are comfortably investing in Bitcoin, is because it's a decentralized currency. then I have to come with the idea that Bitcoin can make availability of food in our table when we learn and understand the basic things of Bitcoin especially understand trading and long term investment of Bitcoin.
I think with trading they will be a provision of food in our table, when we understand the rules and regulations of Bitcoin, I don't know if this my concept can make a provision of food through Bitcoin. But I'm well convinced that with this my views over Bitcoin investment and trading it will provide or sustain human, if profit are been made. I know that Bitcoin should not be dependent on, and we suppose to make Bitcoin our side hustle but with seriousness on Bitcoin investment and trading, we can achieve a success.
I have be wondering why people are queuing up in Bitcoin, then I began to ask if Bitcoin can make provision of food in our table. Because many people I know testify of Bitcoin and after I made my research concerning Bitcoin, I found out why people are comfortably investing in Bitcoin, is because it's a decentralized currency. then I have to come with the idea that Bitcoin can make availability of food in our table when we learn and understand the basic things of Bitcoin especially understand trading and long term investment of Bitcoin.
I think with trading they will be a provision of food in our table, when we understand the rules and regulations of Bitcoin, I don't know if this my concept can make a provision of food through Bitcoin. But I'm well convinced that with this my views over Bitcoin investment and trading it will provide or sustain human, if profit are been made. I know that Bitcoin should not be dependent on, and we suppose to make Bitcoin our side hustle but with seriousness on Bitcoin investment and trading, we can achieve a success.
I suppose that basic needs are out of BTC system at the moment, since food is bought with small sums of money, and BTC system still lacks the possibility to be used for small payments (transaction fees, lack of adoption for retail use, lack of business projects working directly with BTC). As for getting some profit, I think you are right, long-term hodling is likely to bring some money. I think that the best strategy with crypto is long-term investment.
At first I want to use this medium to introduce myself, I'm a Smartgoat and I have being studying the futuristic of Bitcoin and finally I have developed a hundred percent love to Bitcoin.
Congrats with your developed love for bitcoin . But what I am curious is about that food for the table question , because bitcoin is designed for us to use at least to trade or to have monetary function , so maybe it can be used to buy food ,. but bitcoin wont bring us food.
Instead it is our choice and ways if we can gather the food we are targeting , but generally yes it can bring food if we know how to deal and use it.
In this scenario I will say yes that bitcoin will provide food in your table except that you are not serious along side working out food in your table through bitcoin, when you are a trader and you are working seriously in bitcoin trading with that alone they will be availability of food in your table, some people have used bitcoin to own houses and also uplift life and they are living comfortably, that is to say that bitcoin is good stuff and it will continue to be good when you work well it's procedures
Do remember that you can earn from this market not only with trading but all the other aspects of this business.
Staking, mining, offering your services to any crypto-related jobs among others are just few things that you can do to earn money.
And that earnings will give you food on your table or better yet, living expenses. Don't confine yourself to trading only, there are lots of facets in this market, that you can explore with and consequently earn something to use for your daily expenses.
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First of all, bitcoin is just an investment and it can bring us profit or loss. We should not consider it as a source of income to maintain our daily lives. Second thing, once we get a job with a steady income, investing in bitcoin alone is not so bad. I mean, if we don't have a lot of money and only a limited amount of capital, there's no point in diversifying. That just dilutes our investment and doesn't give the best return.
For example, you only have 5k to invest, and if you diversify with gold, bitcoin, stocks, I'm pretty sure it won't increase your investment significantly. But if you invest all in bitcoin and hold until the price increases, you will get the highest return. Diversification is when we have a lot of money and a lot of capital but if limited capital, diversification does not help us.
You mention having a job and a consistent paycheck. Pffft! Traditional employment is the result of an outdated paradigm. Relying completely on them would be naive in a world that is changing quickly. Regarding your criticism of diversification with limited money, keep in mind that diversification is essential to survival, as taught to us by evolution. Yes, betting everything on Bitcoin could result in large profits, but that tactic smacks of flimsiness. High potential for catastrophic failure, yes, but also high potential for reward. Keep in mind that evolution rewards flexibility over rigidity.
Yes, it is outdated but the important thing is that it is still bringing profits and wealth to so many people. Like me, I have a traditional business, and it has given me a fuller and better life than anyone, and I don't even feel how inflation is affecting me. And you, you are investing in what is supposed to be the technology of the future, what do you get? Your statement that traditional jobs are obsolete reminds me of many altcoins investors who have always criticized bitcoin as stale and outdated. But by far bitcoin is by far the most reliable and most profitable investment.
In terms of diversification, it's an individual decision. I'm just focusing on bitcoin and I'm making a substantial profit. And you, how has your diversified portfolio evolved?
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First of all, bitcoin is just an investment and it can bring us profit or loss. We should not consider it as a source of income to maintain our daily lives. Second thing, once we get a job with a steady income, investing in bitcoin alone is not so bad. I mean, if we don't have a lot of money and only a limited amount of capital, there's no point in diversifying. That just dilutes our investment and doesn't give the best return.
For example, you only have 5k to invest, and if you diversify with gold, bitcoin, stocks, I'm pretty sure it won't increase your investment significantly. But if you invest all in bitcoin and hold until the price increases, you will get the highest return. Diversification is when we have a lot of money and a lot of capital but if limited capital, diversification does not help us.
You mention having a job and a consistent paycheck. Pffft! Traditional employment is the result of an outdated paradigm. Relying completely on them would be naive in a world that is changing quickly. Regarding your criticism of diversification with limited money, keep in mind that diversification is essential to survival, as taught to us by evolution. Yes, betting everything on Bitcoin could result in large profits, but that tactic smacks of flimsiness. High potential for catastrophic failure, yes, but also high potential for reward. Keep in mind that evolution rewards flexibility over rigidity.
In short, it is our effort that brings food in our table. Bitcoin is just one of the currencies we received from that services so I think it isn't correct to think that it is the Bitcoin that gives our food to our table.
In real life also we have to earn food for ourselves like by working and earn money similarly for Bitcoin also you have to do some work or put efforts to acquire it any way you find possible whether it's investment or you want to earn it.It is a currency as well as investment asset which can bring you anything you want we can measure in terms of money.The best way to invest in Bitcoin is to buy and hold for as long it will take the market to go bull for us to make extra profits from our holdings. The rich are the ones that are always making good profits from the market because they have enough to invest and enough to put in other investment putting there eggs in different baskets.
It could be the concept of (buy and hold) was suitable with a long-term investment strategy, where investors aim to capitalize on the potential for the market to eventually shift into a bullish phase, allowing for greater profit potential.
First of all, bitcoin is just an investment and it can bring us profit or loss. We should not consider it as a source of income to maintain our daily lives. Second thing, once we get a job with a steady income, investing in bitcoin alone is not so bad. I mean, if we don't have a lot of money and only a limited amount of capital, there's no point in diversifying. That just dilutes our investment and doesn't give the best return.
For example, you only have 5k to invest, and if you diversify with gold, bitcoin, stocks, I'm pretty sure it won't increase your investment significantly. But if you invest all in bitcoin and hold until the price increases, you will get the highest return. Diversification is when we have a lot of money and a lot of capital but if limited capital, diversification does not help us.
In short, it is our effort that brings food in our table. Bitcoin is just one of the currencies we received from that services so I think it isn't correct to think that it is the Bitcoin that gives our food to our table.
In real life also we have to earn food for ourselves like by working and earn money similarly for Bitcoin also you have to do some work or put efforts to acquire it any way you find possible whether it's investment or you want to earn it.It is a currency as well as investment asset which can bring you anything you want we can measure in terms of money.The best way to invest in Bitcoin is to buy and hold for as long it will take the market to go bull for us to make extra profits from our holdings. The rich are the ones that are always making good profits from the market because they have enough to invest and enough to put in other investment putting there eggs in different baskets.
It could be the concept of (buy and hold) was suitable with a long-term investment strategy, where investors aim to capitalize on the potential for the market to eventually shift into a bullish phase, allowing for greater profit potential.
Bitcoin investment should never be seen as a major source of our income or else we might have some problems when the price going bearish and we are not able to make gain that will still make our portfolio to be intact. Just like cryptocurrency and how risky it is, Bitcoin investment is also very risky and we should always have other options for the inflow of money so we are not going to be bothered about the market volatility which could make us to sell part or all our Bitcoin when the market is going bearish.
The best way to invest in Bitcoin is to buy and hold for as long it will take the market to go bull for us to make extra profits from our holdings. The rich are the ones that are always making good profits from the market because they have enough to invest and enough to put in other investment putting there eggs in different baskets.
No one should invest their resources in a single asset but should diversify in multiple ways, bitcoin cannot be a source of income by itself but can become an excellent investment base thinking about the future. As I have already said elsewhere, I am no longer thinking about the price pegged to the dollar.
We are all thriving on living on this word and finding source of income on which we could really be able to make ourselves survive on this cruel world. Doesnt matter whether you are involved with Bitcoin/Crypto
or with those other traditional investments and businesses because it do really share up with the same sentiment or motive which is to make profits.It is really just that there are people who are really that focusing
that much on a single point and on the time comes that it would failed out then this is where they would really be having those regrets basing on what they have done.
Key thing on here is that if you wont really be taking out such risks then you wont really be getting something.This is why its better to act out and take risk if you are planning to have that kind of
probabilities on earning profits or money too.
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