Fulfilling dreams with agriculture! - page 2.

Cryptomultiplier

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Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

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If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me?...

It would sure benefit you way more than you even see, because it would have provided you with a means of income that if taken seriously would see you gainfully employed and not needing any white collar jobs or answering to any bosses, after you complete schooling.

Also, knowing that you have an investment to look out for, would give you a sense of responsibility to save and adopt good methods to reinvest and earn profitably.

Quote

...Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

It would be wise at this point to be very calculative while making your investment in Bitcoin, because random purchase would sink you further and render you broke, thereby going back to the investment to withdraw and spend of ain't got patience.
It could also make you lose track of your investment because I don't think you know so much about Bitcoin and the best practices to use to keep it safe from hackers and thieves that may know of your investment.
If planting papaya is a seasonal growth plant, then that should also be a concern because a time might come when there ain't harvest to be sold and thus, no funds to invest.

Ojima-ojo

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From your statement is clearly pointed to the fact that you are only interested in investing in bitcoin because of your expected gains or profits, although that is not a bad thing, but it will only become bad if you now failed to understand the risk that is associated with bitcoin investment.

Secondly having a short-term goals won't help you alot in this situations and for that you need to have a long term perspective towards bitcoin before you can gain good amount of profits.

Also considering the amount you said you are going to be investing monthly, it going to take you around a year plus to attain such level of investment that can give you some significant increase in a short term base and even on the long term it all depends on how much the price of bitcoin attain at that benchmark and time

SatoPrincess

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Quote from: Davidvictorson on April 16, 2024, 06:05:48 AM

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Never invest your entire income. How much exactly to put into Bitcoin depends on your financial situation and other accessible means of investments to you. Diversification can be a good protective blanket.

While the OP is at the DCAing, he should keep in mind another strategy which is diversification. One can never be too sure of everything therefore in addition to bitcoin, the OP can explore other investment options in different assets which serves as a safety net.

This strategy may work for you because you are a seasoned trader and can identify altcoins that have a future and those that do not. However I don’t think a newbie should be investing in multiple coins in a bid to diversify their portfolio. OP should stick to only investing in bitcoin for now. He’s earning only $250-$300 monthly, between his expenses in school and his bitcoin investments, there is much money left to invest in other ventures.

Coyster

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Quote from: Jewan420 on April 15, 2024, 12:25:52 PM

Please don't misunderstand. I said there is money to be invested but it was not possible to invest. The dream did not come true, the feedback of which helped me to be more diligent. Hope you understand my problem!

Okay, you somehow didn't invest then, even if you had the money, and now you want to sell agricultural produce and use the profit to buy Bitcoin, i don't know if what you are saying is the truth and i honestly do not care.

Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me? Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

Nobody can tell you how much you would make in ROI, we do not even know for how long you intend to hodl your coins. Bitcoin price is volatile and unpredictable, so there is no way you can talk about ROI from the beginning. You are going to decide by yourself the amount of money you should invest in Bitcoin, but i can advise that you buy using the DCA strategy.

Razmirraz

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You need creative ideas to be able to achieve your dreams in the future. You are still not at a productive age to earn money because you are hampered by your status as a student, and having to focus on education means you spend more time studying than thinking about other things that can make money. Using empty land to find side income so you can invest in Bitcoin is a very brilliant idea. Before entering further areas in Bitcoin investment, you need to consider all the risks you will face. Investing in Bitcoin does not guarantee that you will get the profit you imagined, but you must also be prepared for the risks.

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Quote from: Doan9269 on April 15, 2024, 11:40:49 AM

Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

-snip-

If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me? Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

Don't invest the whole money, you don't have to start big when you're just getting started, you build up your asset in bitcoin gradually, its never a bad or wrong idea for you to start from that range, with time, it will turn to something amazing if you can hold.

It all depends on the individual's higher or lower degree of risk aversion, and his/her socioeconomic circumstances. In the case of students with no debt or other economic obligations, who earn a little money doing small jobs or thanks to a business idea, which seems to be the case, I don't think it's crazy to invest the whole money, since it is not so much, and other people at that age don't earn a think, only spend.

Just be aware, again, that crypto is risky investment and you can lose the money invested, or a good part of it, even if you stick to Bitcoin.

Bd officer

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Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

Accumulating bitcoins has been my dream for a long time, but it never became possible due to lack of extra money. As I am a student it is not possible for me to earn extra money.

After many attempts I came up with a way that is possible for family prosperity and fulfilling my dreams. Being a student I am not able to get a job so after much thought an idea came up,
my father has some cultivable land which is about 20-22 percent.Where I plant some papaya seedlings, it is possible to sell papayas worth around $250-$300 per month from here as it is a high yielding papaya variety.

If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me? Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

You have started farming to fulfill your dream which is very good. However, you will be investing $100-120 which is too much as a new investor. Invest if you have enough knowledge about bitcoin investment. But you can buy small amount of bitcoins with DCA method. You have to remember that Bitcoin investment must be done for the long term. You invest in Bitcoin and fulfill your dreams.

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Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

~snip~
If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me? Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

If you invest $100 every month, it means that you will have $1200 (in BTC) in one year, and if the price of BTC increases by 100%, it means that you will earn exactly as much as you invested (minus tax if you have to pay it). Considering that you are asking whether you should go "all in", then you probably don't know about the rule that you invest only as much as you are ready to lose.

In addition to the fact that the price of BTC is volatile, take into account other risks such as hacking, phishing, physical robbery and natural disasters. All of the above can result in you losing your investment in the blink of an eye.

Davidvictorson

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Quote from: Upgrade00 on April 15, 2024, 11:41:01 AM

The price is on the way up, so it's not the best time to buy now, but when you're DCAing the entry price does not matter as it will be spread over several amounts, the goal is to keep acquiring more no mater how little at a consistent basis.

I have been doing DCA and what I like about it is that, I am not under any buying pressure because I am not putting all my eggs in a basket. With DCA, there is no perfect time to buy. Every time is an excellent buying time.

Quote

Never invest your entire income. How much exactly to put into Bitcoin depends on your financial situation and other accessible means of investments to you. Diversification can be a good protective blanket.

While the OP is at the DCAing, he should keep in mind another strategy which is diversification. One can never be too sure of everything therefore in addition to bitcoin, the OP can explore other investment options in different assets which serves as a safety net.

KiaKia

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Quote from: stompix on April 15, 2024, 11:30:32 AM

Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

Accumulating bitcoins has been my dream for a long time, but it never became possible due to lack of extra money.

one month ago:

Quote from: Jewan420 on March 22, 2024, 03:39:00 AM

I am a small investor. I have some money to invest. How can I invest this money?

The split personality syndrome on this forum is highly infectious.

I noticed the same, it looks like this person don't know what he wants or he is just making up stories to get to the next rank, because how can one claimed that they have some money yo invest but don't know where to invest them and later create another topic that they have the desire to invest but they lack extra money.

Which one should be even believe in now? OP if you are reading this comment, I want you to know that only you knows what you want, you need to start taking action if you want a change.

If you don't have money to invest, you need a job first, before you can consider investing in bitcoin you must have a source of income, the type that's capable of feeding you and paying your bills, before you cab even consider to invest some part into Bitcoin.

reagansimms

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Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

Accumulating bitcoins has been my dream for a long time, but it never became possible due to lack of extra money. As I am a student it is not possible for me to earn extra money.

Dreams will never come true as long as you never start taking action, what you think is impossible can become possible if you are able to set aside some of your pocket money to invest in Bitcoin. If someone asks in a forum "Who wants to own a sports car like a Ferrari, Lamborghini or Porsche?" Of course, the majority of people in the forum pointed their hands as a sign that they wanted to own this sports car. But to get something you want, you need to take action to get Bitcoin even if you start investing in a small amount.

Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me? Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

If you don't understand how the Bitcoin market works, don't rush into investing, let alone investing all your money in Bitcoin at once. Investing in Bitcoin is like you are walking on a double-edged sword, one of the biggest risks in Bitcoin investment is its volatility, Bitcoin price fluctuations are very fast so they can change in an instant. As a new investor in Bitcoin investment, you need to learn ways to avoid risk because no one knows when the price of Bitcoin will increase high or even fall.

Spaceman1000$

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Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

Accumulating bitcoins has been my dream for a long time, but it never became possible due to lack of extra money. As I am a student it is not possible for me to earn extra money.

After many attempts I came up with a way that is possible for family prosperity and fulfilling my dreams. Being a student I am not able to get a job so after much thought an idea came up,
my father has some cultivable land which is about 20-22 percent.Where I plant some papaya seedlings, it is possible to sell papayas worth around $250-$300 per month from here as it is a high yielding papaya variety.

If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me? Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

As agriculturist, it's better you see bitcoin as your side gig that you will be investing little by little, you don't have to use all the money from your profit to do that, the good thing is that you have a base where you get your resource from, the next thing is to ask yourself the kind of bitcoin investment you want, if your buying to hodl for a long period of time or you want to go into trading. If You want to hodl for a long time, there is DCA method that allows you to buy bitcoin in little quantity which is budget friendly because you choose a pattern that best suits you and it can help accumulate bitcoin over time, since that has been your dream.

SatoPrincess

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Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

it is possible to sell papayas worth around $250-$300 per month from here as it is a high yielding papaya variety.

If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me? Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

What are your objectives for investing in Bitcoin? If you want to make profits from Bitcoin then you should be prepared to hodl for long term. Bitcoin is not a get rich quick scheme. Investing $100 from a $250 income seems a bit too much in my opinion. Unless you have other sources of income that you can use to pay for your monthly bills, I suggest you reduce the amount of bitcoins you buy monthly to an amount you can comfortably afford.

Jewan420

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Quote from: stompix on April 15, 2024, 11:30:32 AM

Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

Accumulating bitcoins has been my dream for a long time, but it never became possible due to lack of extra money.

one month ago:

Quote from: Jewan420 on March 22, 2024, 03:39:00 AM

I am a small investor. I have some money to invest. How can I invest this money?

The split personality syndrome on this forum is highly infectious.

Please don't misunderstand. I said there is money to be invested but it was not possible to invest. The dream did not come true, the feedback of which helped me to be more diligent. Hope you understand my problem!

Upgrade00

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For the sake of other newbies that may be reading this thread;

Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me?

You cannot determine how much an investment will give you before you start. You do your research and projections based on your analysis and decide how long you plan to hold for.

Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

The price is on the way up, so it's not the best time to buy now, but when you're DCAing the entry price does not matter as it will be spread over several amounts, the goal is to keep acquiring more no mater how little at a consistent basis.

Never invest your entire income. How much exactly to put into Bitcoin depends on your financial situation and other accessible means of investments to you. Diversification can be a good protective blanket.

Doan9269

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Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

Accumulating bitcoins has been my dream for a long time, but it never became possible due to lack of extra money. As I am a student it is not possible for me to earn extra money.

Everything has to work by time, when you have the opportunity to invest, then don't make an excuse from starting from somewhere no matter how little, some have made it a decision to use part of their monthly or weekly earnings to save up and invest, since bitcoin is not centralized and you can start from as low as a single USD, with time you can build up your portfolio.

Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

After many attempts I came up with a way that is possible for family prosperity and fulfilling my dreams. Being a student I am not able to get a job so after much thought an idea came up,
my father has some cultivable land which is about 20-22 percent.Where I plant some papaya seedlings, it is possible to sell papayas worth around $250-$300 per month from here as it is a high yielding papaya variety.

If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me? Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

Don't invest the whole money, you don't have to start big when you're just getting started, you build up your asset in bitcoin gradually, its never a bad or wrong idea for you to start from that range, with time, it will turn to something amazing if you can hold.

stompix

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Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

Accumulating bitcoins has been my dream for a long time, but it never became possible due to lack of extra money.

one month ago:

Quote from: Jewan420 on March 22, 2024, 03:39:00 AM

I am a small investor. I have some money to invest. How can I invest this money?

The split personality syndrome on this forum is highly infectious.

Jewan420

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Activity: 224

Merit: 128

Patience and hard work are the keys to success.

Accumulating bitcoins has been my dream for a long time, but it never became possible due to lack of extra money. As I am a student it is not possible for me to earn extra money.

After many attempts I came up with a way that is possible for family prosperity and fulfilling my dreams. Being a student I am not able to get a job so after much thought an idea came up,
my father has some cultivable land which is about 20-22 percent.Where I plant some papaya seedlings, it is possible to sell papayas worth around $250-$300 per month from here as it is a high yielding papaya variety.

If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me? Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

Topic: Fulfilling dreams with agriculture! - page 2. (Read 396 times)