Topic: can Bitcoin provide food for our table - page 7. (Read 1109 times)

A friendly piece of advice: It's not advisable to rely on Bitcoin investment or trading as your primary source of income to cover your basic needs. This could prove to be a risky choice, especially if the market crashes and takes a significant amount of time to recover. Having a stable main income source is crucial to ensure you can maintain your livelihood even in the face of setbacks.

Bitcoin is an asset, and as long as you can exchange it for food, it can be used to put food on the table for you. Consider the case of Laszlo Hanyecz, who spent 10,000 bitcoin on two pizzas. That is an exchange of goods, which means he received food on his table in exchange for his bitcoin.

This is a very funny post. First you introduce yourself as smartgoat, whatever that means. And then you are asking if Bitcoin can put food on our table.
Well, I don't know what you mean by putting food on our table. Bitcoin is not a waitress.
But if you mean to say that money can be made by investing in Bitcoin, then it is understandable.

Of course BTC can provide food, even cloth and sustain a household if you have the right knowledge on how to invest in it.
BTC is money, but it is your money that the government nor anyone except you have a control over.
Trading is one way it has helped put food on the table. Be it for short term or long term basis.
A forum like this can also help this need by paying for your writing services, graphic design services, web developer service and even community relations or manager service.
For sole entrepreneurs doing business with clients overseas, BTC can help put food on the table by saving charges cost/fees of doing normal fiat transfers, ease up or speed up payment for purchase of goods and services, thus saving up time that can be channeled to other profit ventures.

So many stories have been told of how BTC has helped secure a financial future for them and if you are still skeptical about investing in it, I would advise you shouldn't. It can help provide for our needs and wants in more ways I can even begin to imagine or spell out.

It's you @Zoomic that did not understand op, I read the op view like two times and comprehensively op means that with bitcoin can you feed very well, people are dropping their points knowing that with bitcoin you can whatever you want neither you exchange to fiat or you deposit bitcoin and they give you what you want, but at ths juncture it means that the profit of bitcoin investment can it better your life, and I denoted this through op statement by making point of trading and long time investment, I will like you read and reread the comments of op so that you will understand it's views

The best thing I can advise is to get a job rather than relying on bitcoin to pay the bills because, as I understand it, the ecosystem of bitcoin is not something you start investing in and then start earning from, and the profit is more of a sporadic thing, not something you can rely on particularly to feed. Since everyone has a choice, I won't advise anyone to completely rely on cryptocurrency due to its nature, but as a trader you plan against every profit except if you want to patronize other options like staking your funds or holding and also options like futures but the risk is high so its profit. Additionally, you must be prepared to lose money if you decide to invest in cryptocurrency as you have stated, no  two ways about.

With bitcoin you can make hell a lot of money but if you are talking about bringing food to your table with income source related to bitcoin then I am afraid it is highly risky and I won't suggest you to buy it unless you have another source of stable income to bring the table when we enter the bear season.

And I would like to quote this


Doesn't meant to discourage anyone but what will happen if someone jumped in without knowing the consequences may end by really bad.

Bitcoin has nothing to do with putting food on the table, that wasn't the principle, it was basically designed as a pair to pair payment tech and its conservative use of it has birthed some branches of trading as means of livelihood and holing for investment. Whether you trade it or own some portion has nothing to do if you are going to put food on the table or not, that is entirely up to you if you choose to do that as an opportunity to earn and make use of the profit, there are traders that make more trades to get more bitcoin and not sell but to hold and not sell for short profits, it's up to what you want, this is very important.

In my opinion, Bitcoin is given you more than food if you understand how it fully works. I mean, imagine that you bought BTC at $5k and today, it is now at $29k, if you have bought 10 BTC at that level, will you be using the whole thousands of dollars to buy food, that's like a lifetime money if you put it in good use. Don't bother yourself with all this Bitcoin this and that, if you want to get started with Bitcoin, buy and hold for as long as you can, there is more profit to make on the other side.

---

If you want to talk about trading as a hustle, you can consider going into trading as full time but you should visit the trading discussion board for more insight.

When we think it as a currency then everything is possible what we have through fiat transactions.Even if not directly then we can also convert it to fiat through different means and can have food for our family.When we consider it as investment it aslo has some value linked to it so definitely it can buy you food in this time.

I think you misunderstood Op or you read their statement literally. Although the English used in OP is not anywhere near flawless, but I think what Op meant is if the knowledge of bitcoin can secure one a job, or enable one earn so that they can be able to take care of themselves and their family. He doesn't mean if the presence of bitcoin provides food and water.

Op said he was initially doubtful about bitcoin, but now he is 100% percent convinced about bitcoin. So, the question in the title is needless. If you want a steady source of income, get a job and use money from your job to invest in bitcoin.

Profits gotten from investing in Bitcoin or from trading Bitcoin can be used to buy groceries that we can use to feed our family or you but these profits aren't constant because Bitcoin market isn't a stable market to give you profits as your regular jobs pays you monthly.

If you're very good at trading and becomes a professional, you can make trading your side hustle and get profits from there that'll assist your main job but don't depend completely on the bitcoin market as its volatility can make you losses as much as it can make you profits.

Bitcoin investment shoudn't be done in a way we will be expecting profits to be gotten from it daily for our needs instead it should be done for future purpose. Investing is more beneficial when the outcome are expecting in the future and not everyday as that isn't achievable.

With Bitcoin you can get anything that your local fiat can get for you not just food alone but all the necessary things of life and you can do that without stressing much and you will have 100% control of your funds not like the fiat currency that is controlled by the government and her agencies. There are so many opportunities that Bitcoin offers brings that can put good on our tables if we participate in the available jobs, involve in mining, trading, technical jobs, investments, buying and selling and so on but without having any job that puts money on our pocket Bitcoin can not bring food on it's own.

Even without a job, investing in Bitcoin will open up countless opportunities for you in the future. Your advise for working for a firm is not only fascinating but also based on practical examples, such as spreading butter on toast, albeit bread isnt always necessary. Toast is like a job, but better since its toasted, and you can put butter on it.

Its riskier to invest some of your money in Bitcoin than to invest it entirely, but its still dangerous. Think of it as walking on a tightrope with your job as the safety net and Bitcoin as the rope. If you have a job and pick up a talent, you can then purchase bitcoin. Bitcoin will eventually allow you to purchase more skill, perhaps even a job, as well as the rope, if ropes are still for sale.

Everyone can invest in Bitcoin, regardless of employment status or educational background, even though not everyone works online or is paid in Bitcoin. Its similar to having a car without an engine and expecting it to still operate; but, with Bitcoin, the automobile might actually start even without the engine if you have a job and purchase Bitcoin, or if you acquire a skill and purchase Bitcoin, but not both at once.

It only provides you food if you've been earning in a stable way in Bitcoin, but again, you are right if you solely rely on it right now. Let's say you invest now and expect to earn profit by tomorrow. For sure, this is not for you. This is not like a job t whereyou will have a salary by the end of the day w withich you can buy food. ,Thiswill w takemore time, and again, there a is still a risk that you wonn'tearn profit.t is better to find a job to provide for your needs and then invest in bitcoin as a side income.

I don't know for those who rely solely on Bitcoin to put food on their table, and I think it can but should have enough experience and knowledge to be able to provide it.

And I personally, to put food on the table using money from my salary every month from work and a small part to buy bitcoin every month, and if bitcoin goes down I will increase my purchases because of discounts to buy it in large enough quantities and aim for the future future or long term.
Bitcoin is a very promising long term investment and I really believe that in the future it will be very expensive and very useful, and I will also use it when Bitcoin reaches a new ATH just to enjoy some of the benefits. And I also use it when I really need it, reasoning only bitcoin can help, and buy it anyway.

This is exactly my point. It is hard to rely on Bitcoin to handle food funds. It is too unstable to ensure that it will consistently bring food for the family. Relying on Bitcoin is too risky as trading can either go really well or really bad which will affect the funds needed to ensure that there is food to eat. Moreover, costs for food is high in majority of countries due to inflation, add the unstable value of bitcoin and you'll be in a really risky situation.

Bitcoin, trading and food all in the same phrase, to me it looks like the perfect recipe for ending up completely broke Bitcoin could help you bringing food on your table just if you are patient to hold long enough and then you sell, of course it depends on where you live and what value bitcoin has reached. Trying to make a living out of trading is a very risky move, on average almost 90% of traders lose money, the odds are not in your favor at all as you can clearly see.

Understanding the trading fundamentals will help you maintain a good trading balance but you should know that owning Bitcoin for trading involves you buying it before you making a profit after trading to put food on your table as you have said. Holding for a long term would also require you having patience with your Bitcoin investment but however short term holding will be okay for you to engage if you must depend on a daily trading to survive and putting food on your table but be rest assured that such ideology is not a 100% guarantee to be dependent on Bitcoin trading for such as the market is highly volatile.

I have read here where some members had advised that you engage in other activities that would give you a source of income so you could feed from or better still, you can still earn Bitcoin here by writing of articles, contributions to platform which grows your rank on being eligible for campaign. With these, you can be rest assured of earnings in Bitcoin to put food on your table.

Honestly, what I'm seeing is people are interested in bitcoin, i.e. they care more about profit than anything else. Decentralization is not what is being prioritized here, although that is its greatest advantage. But I see people always saying they care more about decentralization than profit, they don't need profit as long as there is privacy, I seriously doubt those answers.


You are right, after all, bitcoin is just a tool for us to make money, it only gives us opportunities and it is up to us to earn money or not. We want money, we want food, we need to work, no one will provide food for us, not even God if we don't work.

Having a job secured will provide food for your table, going into Bitcoin investment without having a job will probably lead you broke, the best way to have a easy life is start working in a company or have yours, you can start a business or go learn a skill first, after you've done one of these you can then decide to invest some of your money every month into Bitcoin.

Bitcoin investment is still very risky but your job is less risky because it's offline and you aren't putting money into your job, instead you are the one to get paid, this is also why we are advised to only use percentage of our salary to invest, because nothing is guaranteed with investments.

The possibility of having a good future is why we invest in Bitcoin, and not everyone works online to get paid in Bitcoin, the best advice I can give is to get a job first before anything, or learn a good skill, this will bring income for you and from here on you will be able to take risks with investments.