Topic: can Bitcoin provide food for our table - page 4. (Read 1107 times)

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.

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.

It is true, despite the fact that bitcoin is a good investment currency should not be considered as the only option with which to produce income, since having alternatives is very essential, when you have several inflows of money it allows you to rest easy because it is as if you have several wildcards at the time of any possible need, and thus one is not exposed to staying at zero completely,  apart from the union of all this reveals how beneficial it is... it is important to be very clear about this, that having and producing bitcoins can bring food to our tables, and this is achieved by exchanging it for a centralized currency, since bitcoin is not limited in legal matters when it is wanted  used...ell, there are these exchange methods in case said currency is not yet admitted in the country, however I consider that it should not be used for such purposes, but rather as a kind of savings, which can be worked on by marketing it to increase it, and in a considerable time if you can take advantage of it, since it in is if it can give good results when a certain period has passed.

What OP is basically referring to is to earn money by using Bitcoin specifically like investing money in it and then getting more money with that or trading it on a daily basis. What you are talking about are definitely ways to earn money but these things can be done with other currencies as well, you don't need to be accepting Bitcoin as a payment for providing your services but if you do that, you do it only for your own convenience and it is not Bitcoin earning you that money.

Similarly, if a user in this forum is earning Bitcoins by joining a signature campaign, they are basically earning money for their contribution in the forum and they could also get paid in a different cryptocurrency or maybe in fiat, which means that this income isn't specifically generated by Bitcoin itself.

I also don't really understand the real intention of the op, maybe the intention of the op is to make a profit from investing in bitcoin or trading bitcoin and there are indeed many people who trade bitcoin and make money and I also often make profits from daily trading and so on.

and I think your opinion is also very good because you have made a profit from the signature campaign.

Sorry but I don't completely agree with your idea or your thought. If we have studied and understood the basic knowledge about Bitcoin, then we carry out trading and investment activities in Bitcoin even though in earnest it will not necessarily guarantee that we will always succeed in getting profits or as you say "providing food on our table".
From your thoughts, this creates a perception that we will always be profitable if we understand the basic knowledge and then carry out trading or investing activities in Bitcoin. In reality it is not that easy to get profit from trading or from investing in Bitcoin because in fact we can also experience losses.

I think seriousness is not enough to be able to benefit from trading and investing in Bitcoin because it requires sacrifice to experience losses as well.

Totally depends on bitcoin is not a good idea and we all know that bitcoin is better to provide you good food but in situations like this when market is reduce in cost then will you not eat well food just because you are fully dependent on bitcoin for eating?

I don't think that those who leave their jobs just because they are putting their money into bitcoin can be successful always as Bitcoin and crypto are not trusted always.
Do your job and work with bitcoin just for the purpose of earning extra amount because dependency on bitcoin completely will be full of hazards for you if you hope that your food will only be available when bitcoin price is higher.

At the end, OP, what's your goal?, is this to invest with the bitcoin only and wait for the take profit to come or you will commit a trade?, Based on my experience if you are still beginner into this field you can make a simple investment and get rid with the market volatility, you can basically understand on that phase how does the market comes up, how people earn money in holding and losing of course due to unexpected dump. Its not ideal yet to get into trading so you will not burn all of your assets because of a single mistake. Understand first how it works, next is find a suitable exchange you can use to buy and sell afterwards you now know how it works you can now try to make simple trades of futures.

The point is, you cannot rely solely on Bitcoin for your annual budget, especially for food. It is unstable and too much of a risk to do. As you stated, not everyone can get profit, at most not the same amount, and with inflation still around and being heavily felt by the majority of the world, it is very risky and wreckless to depend on Bitcoin for food budgets. Because imagine this, you rely on Bitcoin to provide money for your daily food and something tragic happens and you are not able to gain profit, the exchange became too low and it is not enough to buy food for everyone in your family, what happens next? Where will you get food?

I cant argue with the steps you've laid out, but your lack of creativity bothers me. Bitcoin isnt a made-up thing; its the result of smart people harnessing the infinite energy of the world. Your limited view that you have to work hard to get Bitcoin is pitifully simple.

Bitcoin is about more than just putting "food on the table." Its the realization of a global, autonomous dream. You're stuck in the old way of thinking that "work brings food to the table." Woke up! We're about to see a big change in the way money is handled. Bitcoin is not just a tool; it is also a way of thinking. Its an idea that challenges the way standard financial systems work and will, in the end, make them obsolete.

I think OP is talking about whether bitcoin can bring us income like other jobs. It's true that as you said, bitcoin may or may not be. Because in the end, bitcoin is just an investment, a currency and the investment to make a profit or be able to make money, it all depends on us, not on any asset. To be able to profit from bitcoin we need to invest money and to be able to earn bitcoin we need to work hard. So, to be more precise, bitcoin cannot feed us, we ourselves provide food for us through tools like bitcoin or any work.

A weird question to ask.. I am guessing you are asking if people invests and trades bitcoin, can they turn it into a form of "regular" jobs that will pay their bills? Yes and No. Yes, because it is possible as long as you are consistent and making profit. No, because the market is very volatile and there is a chance that you might be making a loss. How will you be paying the bills then? As long as you have a backup option, then yes it is fine... But if you literally mean if it can bring food to your table, then yes. There are apps that accepts bitcoin and delivers food to your home..

Exactly as you said, in this world nothing is instant, anything takes effort to get it. Bitcoin can make a life that is lazy to cook can enjoy fast food by ordering it online. They can sell Bitcoin or pay with Bitcoin if the place that provides the food accepts transactions in Bitcoin.
Bitcoin will never just come without any effort to get it unless the person is lucky to get Bitcoin due to a transaction error made by someone else. Bitcoin is only an intermediary, you have to try to get the intermediary so that the food can come to the dinner table.

I think the point is Bitcoin, but only if we invest or trade in Bitcoin will we be able to put food on our table. Therefore, investing and trading in Bitcoin is a very important point. As you have given the signature example, there are many people who have some talent and are using it to put food on their table, but the question here is whether Bitcoin will put food on our table ? So I think it would not be right to rely only on Bitcoin. We can take it as a part-time job or invest our savings in it but cannot depend on it completely. It is true that we have signatures and we earn money from it and we believe that we will definitely earn from our service. You can make money but there is no chance of loss. If we look at the cryptocurrency market, there is always volatility and we have no idea when the market will crash and our profit will go to loss.So I think bitcoin should not be taken as a service but a great option for long term investment.

Not just food bitcoin can provide for the table of ours… Women and wine too. (Sometimes even luxury cars) Bitcoin can provide them all. However, I did like your way of making money which is trading. Holding is better and stress-free. You are not guaranteed to win every time you make a trade but if you hold bitcoin for a while like 4-5 years, it is almost guaranteed to bring huge returns. After the next halving, the btc prices will skyrocket once again. That means btc is still cheap today. If that’s true and it probably is, why don’t you buy them cheap coins today and sell them in the future when they get expensive?

It could be not like that even if you learn it. Because in trading, there are sellers and buyers in one system, in this case, there will be advantages and disadvantages if there is a trade. So if there are food in your table, on the other hand, there is an empty table for people who have suffered a loss. So, you also have to think about humanity on how to minimalizing empty food on other people. We certainly hope everyone who invests in Bitcoin will get a profit but in fact, not all people (100%) got the benefit, there will definitely be a loss where buying your bitcoin on ATH.

For sure investing in cryptocurrency and Bitcoin could possibly give you a huge amount of profit if you do it right, so yes Bitcoin can provide food in your table, But still compared to other investment out there cryptocurrency and Bitcoin is way too risky so there are still some draw backs even though Bitcoin is an almost guaranteed investment, Also You can just make Bitcoin your only source of income, maybe you can but it is just way too risky and it is going to be stressful, I mean i know some who do daily trading in the cryptocurrency market, I mean I do it as well back in the day but it was really tiring you could probably earn a good amount of money daily with that but not every day you could make a profit, so most of the daily investors just switch to long term investment or only do trading if they are really sure that they are on the right timing and they are going to make a sure profit because of some information or news.

Bitcoin is a great investment and I really think that it is for long-term investment because holding it for the long term just lessens its risk of losing money, Holding your bitcoin surely is going to give you a huge profit if you know what you're doing. So just make sure to have the knowledge about it and for sure Bitcoin is going to reward you in the Bullrun.

The point is bitcoin, not trading, nor investing. So that means that you could work and earn and put food on your table. Just to give the most OBVIOUS example, we have signatures here, we make money from them, and that means we are putting food on our table thanks to those. As you can see, that makes it "bitcoin providing food for our table" already. I am not even talking about anything bigger. Just open your eyes, there are so many people who didn't "invest" but "provided service" and got paid for it. There are literally arrogant obnoxious people filled on this forum where they think they know something because they made money, when in fact they just charged gullible people for useless stuff and made money on that, in bitcoin.

I think that title must be confusing for some. Bitcoin is not the phrase "...will provide", if you understand that, you know that just like any other "thing" of value, you have a risk of not getting what you want with that "thing" or you just have to wait, too you must accept that in time the "thing" will not provide what you expected.

In other words, don't put so much faith in it, put critical thinking in it, or with any "thing" in life but especially with financial assets, and use the premise "don't invest more than you can afford to lose... ."

It can provide us with the sense of making a profit coming from investing in Bitcoin but if we do nothing or invested wrong, losses are what we gonna get.
In fact, many people become rich from investing in Bitcoin, many lives had changed, and many more as long as we are smart people. Perhaps, the idea is good but too risky, especially for those who never understand and of course, for those people who just think easy money and profit quickly as this will never work for them.