Topic: can Bitcoin provide food for our table - page 5. (Read 1109 times)

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.

No Bitcoin cannot give food to our table if we are just waiting.  We all know Bitcoin is not magically created and does not magically appear in our hands(wallet).  Bitcoin creation has process and that is mining.  And after mining is then sold to the market.

With that we either mine or create a service that accepts Bitcoin as payment.  In short, we need to work hard or have money to get Bitcoin.  And then we can hold or exchange the Bitcoin to cash and buy food in order for us to bring food to our table.

Mining or Buying or Service → acquiring Bitcoin →  sell Bitcoin to Fiat money → buying food with Fiat money → Food in our table.

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 speaking about adoption and recognition then we are really that gradually going there on which same as you said that it is really on the move and there are lots of merchants and other small businesses or other traditional firms and companies is gradually adopting its existence on which its always been that a good news. We know that gambling is really just that a digital currency which is a tool on making up transactions in between parties and of course it cant really be avoided that 3rd party ones would really be that involved on some aspect.In the topic about relying about its investment potential to be for you to be that relying on what you do eat on everyday is something that would really be debatable.

Yes, it could bring profits on just simply holding it but we cant really be able to apply since we are eating that on everyday or simply having that expense. The only way that you would be finding yourself that sustainable
is on the time that you do really know on how to play about its volatility on which making up profits or money out of it would really be your main concern or should really be your target.
You cant really just make yourself get hyped with Bitcoin and believe that it is something that would give out assurance that you would be able to make money on day to day basis unless if you do
make those active trades.

In our daily lives, we engage in business to provide for our basic needs. Whether through entrepreneurship or employment, we work to secure sustenance. Engaging in business requires an initial investment, but the outcome is uncertain. Similar uncertainties apply to Bitcoin investments. Profits or challenges can arise through various means such as holding or trading. Successfully earning from Bitcoin demands experience and expertise. Just as it's not simple to secure sustenance solely through Bitcoin investments, a market crash can bring hardship.

If you use your bitcoin as a tool for investment, the profits you will earn from it will surely provide foods on the table. Not only that, it will also make you live your life easier and more comfortable as long as you keep profiting from your bitcoin investment. No matter how risky bitcoin investment is, but as long as you invest with patience and highly knowledgeable skills, then your success will be more obvious than seeing yourself at loss. So never doubt what bitcoin can do for you and your family, bitcoin is so much powerful in the sense of making you highly profitable and successful.

If you want to look at it from a plain angle then I think Bitcoin can provide food on the table since it's already a currency and one it's purpose is to buy and pay for things via transaction carried out with the seller. And I want to also clear that if you means the provision of food itself with Bitcoin maybe being actually providing profits for you to buy food then it's have to be a waiting game only of course if you are trader and do trade on a daily basis and get profits through Bitcoin trading but even at that there is no guarantee is gonna be a daily basis earning.

Bitcoin is a store of value. This means that if you store your money in bitcoin it will not lose its value overtime as it usually happens with fiat money which is being printed excessively.

Bitcoin is inflation free and  this is the main reason due to which people are interested in it's investment. Bitcoin may not directly help in the food for the table because it is a currency that needs to be earned but it is assured that investment and saving in bitcoin will proof to be most profitable in long term.

Bitcoin can definitely provide food and many other things for an investor or even a casual person who owns Bitcoin. It has the potential to make you buy stuffs that might otherwise be unaffordable with the earnings from your IRL work. A huge profits can be made if you possess the knowledge of when to buy and sell particularly in the context of trading. I believe that there are a lot ways to earn Bitcoin, such as through mining or even getting payment for online jobs.

I'm not entirely sure about the question you're asking because it's obvious that you could provide food once you have bitcoins.

We know Laszlo Hanyecz bought Pizza on May 22, 2010. It has been 13 years passed. If then it possible why not now? I think that time will come when most of the food service will accept bitcoin. I think not only food all sectors will accept bitcoin and they provide goods in our home. Now many companies are giving Goods and service by Bitcoin. Like I know Air ticket, Hotel Bill, Salon Bill etc many people paying by Bitcoin. Day by day Bitcoin being more popular and It's usability increasing continuously.

Bitcoin is a digital assets, which one can be used anytime to provide food in table, some years back Bitcoin investors that has patient to hold up to date, has keep a lot of food in their various home in table, which is also applicable for now, if you can hold for a period of 5years or more, we make a lot of profits.

There's an inherent underestimation of Bitcoin's potential in your comment. Of course, it's a given that to derive substantial earnings from trading, one should start with a considerable portfolio. But this isn't exclusive to Bitcoin; it's true for all assets!

Now, the argument of Bitcoin's acceptability as a means of daily transactions? Where have you been the past few years? The wave of Bitcoin's acceptance is not coming; its already here. The number of merchants, both online and offline, accepting Bitcoin has surged exponentially. You talk about a country where Bitcoin is accepted; soon, there wont be a country where it isnt.

Your concerns about Bitcoin's volatility affecting daily purchases? Its called strategic management. Any seasoned trader hedges and maintains a diverse portfolio to address such issues

Investing in cryptocurrency has the potential for profitability, and Bitcoin can really bring food to our table. But relying solely only on it will be risky if you do not search for another branch of profitable sources due to its volatility. Instead, Bitcoin and other cryptocurrencies can serve as a passive income. There are always risks involved with investing not only in Bitcoin, but it's definitely worth considering as a way to diversify income streams. 

There are two important things when it comes to relying on Bitcoin to bring food on the table, the first one is the main goal: we need to be profitable when trading and investing bitcoins. Even the biggest portfolio needs to grow to give us regular outflows. When starting out in the crypto world we need to have an initial portfolio we can trade with, a few hundred USD is not going to be enough to make returns that can pay our monthly living expenses. Anybody that wants to go into fulltime trading should calculate his minimum living expenses to know how much profit he needs to make each month, on top of that we also need to pay taxes on our profits. Only if we are sure that we can achieve these returns on a continuous basis we should go for relying on Bitcoins to provide food on the table. The second important thing is that we need to live in a country where Bitcoins are accepted and we can actually use it to make purchases. If bitcoins are not so popular in our country, we could still exchange them regularly for Fiat money and use that to pay our food supply. But the problem is that if Bitcoin drops or our local currency rises then we could be faced with much higher costs for our everyday purchases.

Of course Bitcoin can provide food for our table since it has value that you can use to buy stuff. Just like with fiat, as long as they have value, they can provide your needs. All you need is to earn it, but it would still depend on how are you make or earn Bitcoin. Investing is one thing, but it doesn't mean that you can only make profit by investing your money in Bitcoin. You can also find things here where you can use your skills and earn Bitcoin in return.

But based on my experiences here in crypto, Bitcoin was really able to help me provide food, not just for myself but for my family as well.

Bitcoin have got the ability to bring food on the table. Whether the food fulfilled the person or not need to be considered and this depends much on the person's ability to analyse the market and engage himself into trading and other choices available. It can be investment, services availed in exchange for bitcoin, etc.

Bitcoin being a multiple purpose usage asset, there is more chances of using it for the good and making profit out of it. Same time it have got the risk which could let you loss at times. One who have got the ability to overcome and stand profitable is the successful to have his/her food on the table out of bitcoin.

Yes of course Bitcoin can provide "food supplies on our table" because Bitcoin itself has a "value" but no one can guarantee everyone's success in getting that "food supply" because Bitcoin is very volatile.
We can benefit from trading or investing in Bitcoin, but it doesn't immediately give us results that we can feel quickly, it has to go through various processes which are quite difficult if we don't have basic knowledge about trading or investing in Bitcoin properly and correctly.
Yes you are right, we cannot completely depend on Bitcoin because Bitcoin also has risks in it and we can only predict, but no one can guarantee the accuracy. and no one can guarantee we will be successful with Bitcoin activities whether it's trading or investing.

With trading whether you are involving with Bitcoin or with those typical markets then it is really that something that could give out that kind of opportunity for you to make profits and able to survive on day to day living but
of course its not something a guarantee because everything would really be totally depending on your trading results or on how well you do able to trade which we know that it isnt something that would be similar on each person. You are the ones who would be able to find out whether you do able to sustain yourself or wont really be able to do so. You wont really be totally relying or depending your life into something which it isnt really that
profitable or something that could sustain. Its true that it would be ideal that it would really be just remain as a side hustle and not your main source but if you could be able to find yourself that make a living with it
then its not bad on going full time. Decisions would varies depending on the condition you are experiencing on, and we are on our right minds on doing such step if its really that beneficial.

Yes you buy food using Bitcoin, because I had an experienced before that I went into a restaurant and ate my dinner and I'm done I came up to the cashier at found out that they are also accepting Bitcoin as one of their options in terms of payment.

And its all coming by a chance that I have a Bitcoin, and out of curiosity I tried to pay my bills using Bitcoin and they scan my QR code of my Bitcoin then just a second, that's it... A good experience, but for now I'm not doing it due to I need to Hold some of it.

If your bitcoin investment paid off, then you’re good to provide foods on the table. But if you fail on your investment and lose all your capital, then providing foods on the table will never be possible. So just do the math.

However, even if you’re not engaged in investing or trading, the fact that you are working on a crypto company, then once you received good compensation in bitcoin, then you can actually feed your family from your hard-earned profits.

Bitcoin is a profitable tool for investment, so if your investment brings a lot of profits, and then convert your profits into fiat, then you can start providing foods on your table. While it can’t be used as a currency in most areas, but it can always be a source of investment that will eventually become highly profitable in time.

Trading using bitcoin at the same time can also bring a lot of profits if you are an experienced and a professional trader in the market. But if you trade as a beginner, then it’s hard to expect that you can bring food on the table, since most of your trades are expected to fail rather than to succeed.