Topic: can Bitcoin provide food for our table - page 6. (Read 1109 times)

Even if you are a trader and you are making money frequently, i still recommend you get a job doing, i know their are lots of professional traders that depend on trading as their only source of income, but if you are a newbie and you only depend on trading, you might be making money now, but when the bear market start, you might be losing instead of making money, so i don't know how you are going to be surviving, even professional traders don't really make money during bear market, so because you are making money currently those not mean its going to last forever, just get a job and be doing, trading wont stop you from working, so that trading should be a alternative source of income, in case when the season which you wont be making much money comes, you can be using the money you are making from the job you are doing to sustain yourself.

Whatever endeavor you have right now, as long as you consistently show passion and determination to succeed, eventually it will be given to you in due time. Same with bitcoin, no matter how people criticized it and even accused it as a scammer’s tool, the fact that you know its high potentials and you continue to embrace and work hard to achieve it, in the end you will reap what you sow. That certain success will be a big reason that you will be able to provide foods on the table and give your family a comfortable and healthy life. Although bitcoin may not be used as a currency in most countries, but if you convert it to fiat, its value is enough to make your life experience financial breakthrough.

Bitcoin is a currency but also an investment, if you have enough knowledge and invest in bitcoin at the right time, in the right method it also gives you money and you can also buy food from that profit. Furthermore, bitcoin and fiat are not the same thing, bitcoin is a decentralized currency that is resistant to inflation while fiat is a centralized currency that is depreciating day by day. You can buy food with that fiat, but years later you will need to spend more fiat to buy that food, but with bitcoin you will spend less bitcoins on that amount of food.

Depends on what you mean by 'Bitcoin Provide food on our table', if you think just by buying bitcoint then you will get money/profit instantly then you are wrong, its not how it works. Just like other investment you need analyze the market, and learn more of that you will need a big money to actually get profit if you only want to invest in bitcoin.

But there are other things, Bitcoin can help you get a new opportunity, Bitcoin and blockchain is emerging industry, if you have some skills and knowledge on blockchain and bitcoin there will be a lot of new opportunity and less competition in this industry to make your career grow and thrive, I proof that myself.

Actually fiat is providing food for you, not Bitcoin because all country in this world except El Salvador not allow their citizen to use Bitcoin as a currency. So you're need to convert your Bitcoin to fiat, then use it to buy food.

Bitcoin and fiat are same, it's just a currency. What actually providing food for you is the way to earn money, like working under someone company etc.

This is pretty much the answer to your question. And even better, there is a higher chance of finding somewhere to get food for Bitcoin than that long ago.

On the other hand, if the question is more about can Bitcoin be profitable so you can have steady income and always food on the table - that's another thing and it's a little hard to see what are you thinking about.
I see Bitcoin as a long term investment and since it is like that, it's hard to use it like you use your fiat salary - to buy things you need every day. It can pay off a lot more than someone's monthly income, but that's not a stable salary and it's hard to rely only on Bitcoin because of that. Treat it like an investment that can enhance your financial status.

I hope any work you are doing and get paid for it , probably it providing food for you. in terms of Bitcoin when you are working and get paid with Bitcoin. when you exchange Bitcoin to buy food it also means that, Bitcoin is providing food for you.

If Bitcoin can be properly invested or traded according to the rules then surely many things can be done with Bitcoin. If you are talking about putting food on the table, do you mean that it is possible to manage your family well with income from Bitcoin? I would say it is definitely possible to manage a family using Bitcoin properly. However, Bitcoin cannot be fully relied upon in the beginning. Trading or Investing Whatever you start you might as well find another job and then handle the trading or investing because in the beginning if you depend only on trading you may not put food on the table. So first secure an employment then along with that employment you do trading or investment activities hope you get success like this.

We should not completely rely on Bitcoin or cryptocurrency to sustain our daily lives. The reality is, Bitcoin brings with it many opportunities but also risks that cannot be ignored. The cryptocurrency market is always filled with strong fluctuations, and not everyone has the ability to accurately predict their direction. Therefore investing and trading cryptocurrencies requires extensive planning and knowledge. Profit and risk go hand in hand, especially in a volatile market like this one.

And being prepared to lose money in the case of investing in cryptocurrencies does not contribute much. The volatility of the cryptocurrency market needs to be thoroughly understood.

Bitcoin can be a great way for you to diversify your investment strategy. I would recommend finding a wallet and just simply getting set up to receive bitcoin in trade or for your product or service if you don't want to invest a ton of money directly.

In short, bitcoin is like other investment instruments, it provides us with a fishing rod and whether we catch fish or not is up to us.

Yes, making money from bitcoin is not only by trading, we can make profit in many different ways. But don't forget, not everyone who goes fishing will catch fish. And investing in bitcoin also has its risks, even if invested in the wrong method we will lose everything, so don't rely on it and depend entirely on it. A steady income job that will ensure the food on our table will be better than relying on bitcoin.

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.

You being a 100% on bitcoin is you ignoring some of the limitations it’s got and that’s possibly because, you are fortunate than a lot of others and despite being fortunate, the volatile nature to it is both a cause and a blessing as it is depending on your stands of the market at certain periods.
That aside, the issues with confirmation time when the market is congested is always a problem to most, making it not very suitable for everyday transacting and buying petty stuff over busy roads and from petty traders about the streets. Not to mention its need for network to operate with.


My thoughts though but, I don’t think I am or anyone should be a 100% on it.
Haven’t said that, thinking of it as some means to put food on the table don’t seem like the best approach towards taking up crypto investments. It’s much more than that and I wouldn’t want to bore you on it just yet. You find your reasons as you grow into discovering the currency and you would get more enlightenment.

People choose Bitcoin because they know Bitcoin offers significant profits. You must be aware that Bitcoin has big volatility in its price, it can rise and down significantly. People assume it is the chance to take earn huge money although it is also big risk in the same time. Since it is also a high risk, people actually must understand how Bitcoin works. Not only it can skyrocket, the price can also decrease severely due to many factors. If you only know the advantage or its benefits, you may forget its harms or its risks. I suggest to learn its risks as well since Bitcoin is naturally a high risk investment.

IMO, the decentralization makes us to be more careful. No regulators and no institution that can guarantee for the security in this field. Don't think that the decentralization indicates the safety for everyone.

What your focus exactly? Investment or trading?
Although many people can earn big money from trading, it doesn't mean trading is an easy thing. In fact, trading requires skills and good mentality, it means we need to have sufficient knowledge and experience. For experts/experienced traders, they may know well how to earn regularly from trading. But for common traders (especially beginners), I'm not sure they can earn money daily. So, don't rely too much on trading for serving foods on your table.

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

Even though Bitcoin is not yet accepted legally worldwide as a mode of payment, there are couple of stores where you can buy food through Bitcoin. Nowadays, Bitcoin adoption are going to explode since the Bitcoin popularity is gradually improving. Time will come that Bitcoin will be legally accepted to all establishment worldwide. The previous reason why they didn't use Bitcoin as payment is because of the fee and now Bitcoin had develop a lightning network to lower the fee and to receive the transactions quickly so we expect that if business owners knows it they usually accept it.

If people are investing in or trading with Bitcoin and making profits from it, it has definitely proven that it puts food on tables. But the truth is that it now depends on what you do with your Bitcoin. If you make good use of it by investing or learning about trading and you have good knowledge about it and you trade someone will be making good profits from it and definitely Bitcoin will change your life not only it will put food on someone's table because it will help you get whatever you may want with profit money .it is not new news that a lot of Bitcoin investment have become wealthy through their Bitcoin investments.but the advice always to people that should only invest with only money they can afford to lose.

Bitcoin can do more than just bring food to your table. even Bitcoin can bring new vehicles for you and a more decent life for all of us. But on the other hand, on the contrary, Bitcoin is also able to take away all that happiness, can attract all the food that is usually on our dinner table, can take away what we have. The point is that we must be balanced in obtaining information related to Bitcoin. Bitcoin is indeed something that is very valuable, but to understand it, we must balance the positives and negatives. In this case it's a risk. So that we can be wiser in various activities related to Bitcoin and be prepared with various risks. So we can avoid these risks as much as possible. And how the results of Bitcoin for us will really depend on ourselves.

I wanna say yes and I wanna say no at the same time. I don't want to get your hopes up that's why.

I've heard about people who made it in life through crypto. Hell, a couple of my friends started from nothing and ended with everything thanks to bitcoin and cryptocurrencies, but at the same time, it's not always rainbows and butterflies here. We've lost millions, we've suffered through the worst droughts in financials, all because of cryptocurrencies too. And since you're basically looking at bitcoin as a way for you guys to fulfill your basic needs, I cannot bring myself to recommend investing in this venture since you'll be left with nothing if you lose it all.

I suggest you look for a job with a steady income stream first, and then look into investing afterwards, that way if things go south your family won't go starving, you'd have a reliable income to depend upon.

IMO, bitcoin is the same as my term deposit bank account, but with an average term of 4 years according to the historical data.

Trading is more about speculation; not everybody can earn money stably from that.

So, no, bitcoin cannot provide food for our table. We need a job for food, and saving the extra money on Bitcoin for 4+ years.