Having no money to invest in Bitcoin is even better - page 3.

Lorence.xD

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Quote from: adzino on July 07, 2023, 11:20:54 PM

Quote from: Z390 on June 23, 2023, 06:08:10 AM

I've studied most Bitcoin investors, those who have money to invest are the ones going around looking for someone to teach them how to invest, the first thing they want to learn is how to use the exchange to make purchases using Fiat on the exchange, they are always in hurry, they have no time.

Those who don't have money, have all the time to keep learning and reading stuff online about Bitcoin and the crypto space, they have no reason to be in any hurry and it seems they are the ones that avoid the unnecessary dramas in the crypto space because they took their time to learn first.

Do not walk away from Bitcoin investment because you don't have the money, it's even better not to have money because you will have the patience to learn more about everything, and when the money comes, you will be able to avoid many dramas.

How come it is better to have no money to invest in Bitcoin? I mean, you need money to invest in bitcoin. I get what you are trying to say. That if you have no money, at least you will try to learn about crypto currencies and the market, but lets be honest over here. If you never actually invest in crypto currencies, you won't really be learning anything. Reading from lots of books, articles, watching videos and trading on demo platform might help you a little, but as long as you don't get real experience, you haven't really learnt much.

I think he's pointing that if you don't have the funds yet to invest literally in Bitcoin why not invest to yourself first? Like gain some knowledge first and study some techniques where you can search up online since were in the era of the internet. Because let's be honest some newbie would impulsively invest even not knowing the basic knowledge about in this industry so they would jump into conclusions. But still if you don't invest in the real thing to Bitcoin, you wouldn't even assess if your knowledge you've been studied are have been applied. Knowledge and experience should be together for you to easily manage your funds in crypto.

Bazzu

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Quote from: wtsimis on July 07, 2023, 11:44:44 AM

Access to education is a right for everyone. How do you think learning about Bitcoin would be for you if you had no money?
To me it seems that to study Bitcoin for the future you must have money yourself or else it will be a boring one. Another thing to remember is that Bitcoin is a very volatile asset. So investing in it carries risk. Investing in it can lead to significant losses without proper understanding and financial stability. But yes if there is no financial investment fund then it makes a person more hard minded to save. If a person can save, his funds will increase and he can create opportunities to invest in bitcoins in the future. That is why the person should improve employability, acquire new skills and pursue entrepreneurial opportunities. They can explore investment opportunities in Bitcoin when they are better prepared to manage the associated risks.

yes, that's the case and indeed investing in btc is not an easy matter because as we know btc has a fluctuating nature so for btc investors of course they must be able to set a strategy and must be able to manage it well, so if abilities are mature then we will definitely invest wisely the correct way is like using idle money to invest in btc.

adzino

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Quote from: Z390 on June 23, 2023, 06:08:10 AM

I've studied most Bitcoin investors, those who have money to invest are the ones going around looking for someone to teach them how to invest, the first thing they want to learn is how to use the exchange to make purchases using Fiat on the exchange, they are always in hurry, they have no time.

Those who don't have money, have all the time to keep learning and reading stuff online about Bitcoin and the crypto space, they have no reason to be in any hurry and it seems they are the ones that avoid the unnecessary dramas in the crypto space because they took their time to learn first.

Do not walk away from Bitcoin investment because you don't have the money, it's even better not to have money because you will have the patience to learn more about everything, and when the money comes, you will be able to avoid many dramas.

How come it is better to have no money to invest in Bitcoin? I mean, you need money to invest in bitcoin. I get what you are trying to say. That if you have no money, at least you will try to learn about crypto currencies and the market, but lets be honest over here. If you never actually invest in crypto currencies, you won't really be learning anything. Reading from lots of books, articles, watching videos and trading on demo platform might help you a little, but as long as you don't get real experience, you haven't really learnt much.

Blitzboy

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Quote from: Wimex on July 07, 2023, 04:56:31 PM

If you want to investigate and know more about bitcoin when you do not have the ability to buy it, it is more encouraged, because you would practically be starting from scratch, since first of all, you would have to know what this virtual currency is, how to obtain it without the need of legal tender money, we would inquire more about how to manage it once a considerable amount is finally possessed and the best ways to avoid losses, looking for yourself and consulting with others who will have more time in the matter...... but something very important and that could differentiate them from those investors who are only governed by the opinion of others, is that doing it this way is where the best decisions are made based on their knowledge and not so much because of the influence that someone else could generate.

Although I support your advocacy of independence and sound judgement, I think its crucial to discuss the drawbacks of such a strategy. Successful investing requires more than just knowledge, despite its importance. Additionally, one must think about their risk tolerance, market knowledge, and strategy planning - aspects that are frequently easier to understand when actual money is involved.

As admirable as it is to be independent and shun outside influence, ignoring other people's viewpoints may lead to missed opportunities and a lack of various viewpoints. A social game as much as an individual one, investing, including Bitcoin, is. Collaboration and the sharing of knowledge may prove to be equally valuable to survival in this enormous information sea as individual insight.

RewFrew

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Quote from: Z390 on June 23, 2023, 06:08:10 AM

I've studied most Bitcoin investors, those who have money to invest are the ones going around looking for someone to teach them how to invest, the first thing they want to learn is how to use the exchange to make purchases using Fiat on the exchange, they are always in hurry, they have no time.

Those who don't have money, have all the time to keep learning and reading stuff online about Bitcoin and the crypto space, they have no reason to be in any hurry and it seems they are the ones that avoid the unnecessary dramas in the crypto space because they took their time to learn first.

Do not walk away from Bitcoin investment because you don't have the money, it's even better not to have money because you will have the patience to learn more about everything, and when the money comes, you will be able to avoid many dramas.

Sometimes we saw this kinds of event but not all times. Many people involving in crypto currency market they investing on Bitcoin without proper knowledge. For investment and profit from this investment we need to learn about cryptocurrency market and trading instraction, Like how to creat a exchanger account and how to buy and sell and how verify exchanger account and how to withdraw. But many people are investing without thats knowledge and they are losing their fund.

AmoreJaz

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Quote from: Wimex on July 07, 2023, 04:56:31 PM

If you want to investigate and know more about bitcoin when you do not have the ability to buy it, it is more encouraged, because you would practically be starting from scratch, since first of all, you would have to know what this virtual currency is, how to obtain it without the need of legal tender money, we would inquire more about how to manage it once a considerable amount is finally possessed and the best ways to avoid losses, looking for yourself and consulting with others who will have more time in the matter...... but something very important and that could differentiate them from those investors who are only governed by the opinion of others, is that doing it this way is where the best decisions are made based on their knowledge and not so much because of the influence that someone else could generate.

and you are lucky if you found this forum because when you happen to check the services section, you will find out that there are so many services that are already accepting btc. and that is for you to show the skills that you have. also, you can see that even if you don't have money here, you can still earn depending on your strategies. like some bounty hunters looking to earn free coins or tokens, and then, trade with other coins. and that example will give you idea that people can also learn how to trade even without initial funds in the beginning.

DoublerHunter

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Quote from: Z390 on June 23, 2023, 06:08:10 AM

I've studied most Bitcoin investors, those who have money to invest are the ones going around looking for someone to teach them how to invest, the first thing they want to learn is how to use the exchange to make purchases using Fiat on the exchange, they are always in hurry, they have no time.

Those who don't have money, have all the time to keep learning and reading stuff online about Bitcoin and the crypto space, they have no reason to be in any hurry and it seems they are the ones that avoid the unnecessary dramas in the crypto space because they took their time to learn first.

Do not walk away from Bitcoin investment because you don't have the money, it's even better not to have money because you will have the patience to learn more about everything, and when the money comes, you will be able to avoid many dramas.

^ From my own perspective of view, it is interesting to observe the different approaches of BTC investors based on their financial situations. Based also on my analysis it appears that those with available funds often seek out someone to teach them how to invest. Their initial focus typically revolves around learning how to use exchanges and making fiat purchases. These people are often in a hurry, lacking time to spare. While considering, those without immediate financial means tend to invest their time in learning and researching BTC and the crypto space online. Their lack of urgency allows them to avoid unnecessary dramas prevalent in the crypto space. Remember, not having money should not discourage you from BTC investment. In fact, it can be advantageous as it provides the opportunity to patiently acquire knowledge. When the time comes for you to invest, you will be better equipped to navigate potential pitfalls and minimize unnecessary complications.

loopes

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Quote from: Z390 on June 23, 2023, 06:08:10 AM

I've studied most Bitcoin investors, those who have money to invest are the ones going around looking for someone to teach them how to invest, the first thing they want to learn is how to use the exchange to make purchases using Fiat on the exchange, they are always in hurry, they have no time.

They are in hurry to get profit by investing in bitcoin, but if those people did not make good invesment planning they will only lose their investment.

Quote from: Z390 on June 23, 2023, 06:08:10 AM

Those who don't have money, have all the time to keep learning and reading stuff online about Bitcoin and the crypto space, they have no reason to be in any hurry and it seems they are the ones that avoid the unnecessary dramas in the crypto space because they took their time to learn first.

Do not walk away from Bitcoin investment because you don't have the money, it's even better not to have money because you will have the patience to learn more about everything, and when the money comes, you will be able to avoid many dramas.

After being patient to learn bitcoin, you will still be able to meet "drama" as like what you said. The drama can be caused (one of many reasons) from volatility of the bitcoin price. it can not handle only by learning bitcoin.

MiF

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Quote from: Z390 on June 23, 2023, 06:08:10 AM

I've studied most Bitcoin investors, those who have money to invest are the ones going around looking for someone to teach them how to invest, the first thing they want to learn is how to use the exchange to make purchases using Fiat on the exchange, they are always in hurry, they have no time.

Those who don't have money, have all the time to keep learning and reading stuff online about Bitcoin and the crypto space, they have no reason to be in any hurry and it seems they are the ones that avoid the unnecessary dramas in the crypto space because they took their time to learn first.

Do not walk away from Bitcoin investment because you don't have the money, it's even better not to have money because you will have the patience to learn more about everything, and when the money comes, you will be able to avoid many dramas.

Without money everything will become more harder because in this world money is the most important thing and it is the most useful stuff and without it everything is hard, based on your statement you said having no money to invest in bitcoin is more better? for me it is not! because you can still study bitcoin in no hurry if you have money it depends on our emotions not in money even if you don't have a lot of money but you are in hurry to earn still it is not good. So for me money is important you can have a try without any hesitation if you have a lot of money.

Wimex

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If you want to investigate and know more about bitcoin when you do not have the ability to buy it, it is more encouraged, because you would practically be starting from scratch, since first of all, you would have to know what this virtual currency is, how to obtain it without the need of legal tender money, we would inquire more about how to manage it once a considerable amount is finally possessed and the best ways to avoid losses, looking for yourself and consulting with others who will have more time in the matter...... but something very important and that could differentiate them from those investors who are only governed by the opinion of others, is that doing it this way is where the best decisions are made based on their knowledge and not so much because of the influence that someone else could generate.

ItsCrafty

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Quote from: bittraffic on July 07, 2023, 01:32:53 PM

Not all Bitcoin investors are newbies, and not all of the newbies that want to invest their money in Bitcoin are not always in the hurry, it depends on a certain person I guess. Having no money and just studying what Bitcoin truly is will just make you miss opportunities in investing, and that will become one of your regrets in the long run. So having money is an advantage, because you can invest whenever you want in cryptocurrency.

In view , I say that it is absolutely not necessary that you have no money and you interested to have BITCOIN, or you have some amount of capital and interested to take this opportunity. Now if this situation arises that you don't have enough knowledge about Bitcoin and blockchain technology, then you may please gain some details about the cryptos. Want to say that trading can be done in any case and if you want to do it .If you have some capital to start a traditional business, then you should think about getting involved in digital currency trading. As you join it, your interest will surely increase.

Franctoshi

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Quote from: Z390 on June 23, 2023, 06:08:10 AM

I've studied most Bitcoin investors, those who have money to invest are the ones going around looking for someone to teach them how to invest, the first thing they want to learn is how to use the exchange to make purchases using Fiat on the exchange, they are always in hurry, they have no time.

Those who don't have money, have all the time to keep learning and reading stuff online about Bitcoin and the crypto space, they have no reason to be in any hurry and it seems they are the ones that avoid the unnecessary dramas in the crypto space because they took their time to learn first.

Do not walk away from Bitcoin investment because you don't have the money, it's even better not to have money because you will have the patience to learn more about everything, and when the money comes, you will be able to avoid many dramas.

Op!, How did you get your data to arrive at your conclusion? Did you do a general study or a random study, or did you carry out a survey? Please I would like you to go into detail on this topic because from your explanation it means that those who have money don't learn about what they invest their money. After all, they have money, No way, and I disagree with you.

Some big men that I know are very conscious about how and what they spend their money, and they research before diving into any business, even though some of them don't have much time, but they hire professionals in that field before they do anything investment.

bittraffic

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Quote from: posi on July 07, 2023, 10:02:48 AM

Quote from: AicecreaME on July 07, 2023, 05:42:28 AM

I disagree.

Not all Bitcoin investors are newbies, and not all of the newbies that want to invest their money in Bitcoin are not always in the hurry, it depends on a certain person I guess. Having no money and just studying what Bitcoin truly is will just make you miss opportunities in investing, and that will become one of your regrets in the long run. So having money is an advantage, because you can invest whenever you want in cryptocurrency.

I have the same opinion as you. If we learn about bitcoin but don't have the money to invest, it will cause us to miss a lot of opportunities, as well as we will quickly become bored and not motivated enough to continue. Instead of spending a lot of time learning about bitcoin with no money to invest, I would choose to find work to earn money. In any field, if we can both practice and learn the theory, we will progress very quickly. So when we have money, we have more advantages than just learning cliché theory.

For someone who has money and plans to invest in BTC, he will consider learning about it since he will put some money into BTC. I doubt that a person in his right mind will just dive to invest without knowing what BTC is. As a matter of fact, he already learned everything about BTC before investing.

Some users come from other markets as well like stocks and the forex market, they know how markets work and all they just need to learn is the industry. Sometimes, they didn't even need to learn the technology like the blockchain, all they need is the charts in order to make money.

wtsimis

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Access to education is a right for everyone. How do you think learning about Bitcoin would be for you if you had no money?
To me it seems that to study Bitcoin for the future you must have money yourself or else it will be a boring one. Another thing to remember is that Bitcoin is a very volatile asset. So investing in it carries risk. Investing in it can lead to significant losses without proper understanding and financial stability. But yes if there is no financial investment fund then it makes a person more hard minded to save. If a person can save, his funds will increase and he can create opportunities to invest in bitcoins in the future. That is why the person should improve employability, acquire new skills and pursue entrepreneurial opportunities. They can explore investment opportunities in Bitcoin when they are better prepared to manage the associated risks.

posi

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Quote from: AicecreaME on July 07, 2023, 05:42:28 AM

I disagree.

Not all Bitcoin investors are newbies, and not all of the newbies that want to invest their money in Bitcoin are not always in the hurry, it depends on a certain person I guess. Having no money and just studying what Bitcoin truly is will just make you miss opportunities in investing, and that will become one of your regrets in the long run. So having money is an advantage, because you can invest whenever you want in cryptocurrency.

I have the same opinion as you. If we learn about bitcoin but don't have the money to invest, it will cause us to miss a lot of opportunities, as well as we will quickly become bored and not motivated enough to continue. Instead of spending a lot of time learning about bitcoin with no money to invest, I would choose to find work to earn money. In any field, if we can both practice and learn the theory, we will progress very quickly. So when we have money, we have more advantages than just learning cliché theory.

Mr.suevie

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Quote from: Merit.s on June 26, 2023, 05:12:17 PM

It's true,someone without money will have time to learn about bitcoin because he has plans towards buying someday so that he wouldn't make any mistake that will make him run at loss. On the other hand someone who has the money to invest will also learn about his investment after buying to understand more how it works. But I will say that someone who already has bitcoin and is learning at the same time will have more knowledge than someone who is only learning. Anybody who rush into a business without knowing the risks involved will end up at great loss. If you want to grow in your investment you must learn it proper so that you can be successful in it.

Only a fool would actually go into an investment if he or she doesn't really understand the concept behind what he is trying to put his money into although most people are influence by others through success story that they have experience in bitcoin investment thereby making you all anxious about an investment in bitcoin and in so doing running faster than your shadow and making the investment because of the story you have heard without you making your own research which at the long might acquire nothing but loses because you don't understand the whole concept of investing in bitcoin.

RockBell

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Quote from: Z390 on June 23, 2023, 06:08:10 AM

I've studied most Bitcoin investors, those who have money to invest are the ones going around looking for someone to teach them how to invest, the first thing they want to learn is how to use the exchange to make purchases using Fiat on the exchange, they are always in hurry, they have no time.

Those who don't have money, have all the time to keep learning and reading stuff online about Bitcoin and the crypto space, they have no reason to be in any hurry and it seems they are the ones that avoid the unnecessary dramas in the crypto space because they took their time to learn first.

Do not walk away from Bitcoin investment because you don't have the money, it's even better not to have money because you will have the patience to learn more about everything, and when the money comes, you will be able to avoid many dramas.

In addition to having money to invest, if you want your standing among investors to remain intact you still need a quality education on bitcoin. Since investing in Bitcoin includes several procedures, learning is a requirement for success otherwise, you risk losing a lot of money, suffering emotionally, and quitting.

Making a purchase is one of the simplest aspects of Bitcoin, which is why some people struggle to grasp its fundamentals. Sometimes, however, learning something the hard way is the best option, as trading can cause you to lose all of your assets. People are investing in Bitcoin on a daily basis, and if you look at the percentage of investors over time, it has risen and is still rising. You should introduce this to people and also encourage them to do their research.

AicecreaME

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I disagree.

Not all Bitcoin investors are newbies, and not all of the newbies that want to invest their money in Bitcoin are not always in the hurry, it depends on a certain person I guess. Having no money and just studying what Bitcoin truly is will just make you miss opportunities in investing, and that will become one of your regrets in the long run. So having money is an advantage, because you can invest whenever you want in cryptocurrency.

Blitzboy

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Quote from: m2017 on July 07, 2023, 04:40:50 AM

Quote from: GeorgeJohn on June 27, 2023, 10:51:06 AM

`

Of course, people have different characters and behaviors, but sometimes, many begin to act spontaneously and not deliberately under the influence of external factors. Recall, at least, the hype of 2017, when only the lazy didn't buy cryptocurrencies. A lot of people, including me, practically didn't study the projects, didn't delve into all the subtleties and details, which led to losses. Many projects either disappeared or never returned to those indicators. Why am I saying this? And then, that not everything is so simple and that bitcoin turned out to be not the worst solution (when compared with other cryptocurrencies) for spontaneous investments.

If mention OP's post, then it would be most correct to say the following. If you have money, then invest in btc (having learned the basics first, but in general, it has a fairly low entry threshold and doesn't require extraordinary knowledge and skills). If not, learn more about bitcoin /cryptocurrencies and when you are financially and mentally ready, then invest.

While the sentiment that people acted spontaneously during the 2017 crypto-hype is accurate, I argue that it wasnt simply a lack of knowledge that led to their losses. In fact, the issue was more fundamental: it was a failure to recognize the speculative nature of the market.

Bitcoin or any other cryptocurrency should never be seen as a shortcut to wealth, but as a tool for disrupting traditional financial systems. I agree with your advice of learning the basics before investing, yet I push it a step further. Learn not only the basics of Bitcoin but the entire philosophy of decentralization and how it challenges the existing systems.

Regarding Bitcoin being the 'safest' option for spontaneous investments, I remain skeptical. Even Bitcoin is subjected to significant price volatility and its 'safety' is subjective to the risk tolerance of the individual investor. Bitcoin is more than just a safe investment; it's a bold stand against the existing system.

m2017

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Quote from: GeorgeJohn on June 27, 2023, 10:51:06 AM

Quote from: Z390 on June 23, 2023, 06:08:10 AM

I've studied most Bitcoin investors, those who have money to invest are the ones going around looking for someone to teach them how to invest, the first thing they want to learn is how to use the exchange to make purchases using Fiat on the exchange, they are always in hurry, they have no time.

Those who don't have money, have all the time to keep learning and reading stuff online about Bitcoin and the crypto space, they have no reason to be in any hurry and it seems they are the ones that avoid the unnecessary dramas in the crypto space because they took their time to learn first.

Do not walk away from Bitcoin investment because you don't have the money, it's even better not to have money because you will have the patience to learn more about everything, and when the money comes, you will be able to avoid many dramas.

It's obvious that everyone don't have same characters so therefore theirs some people who have money to invest in bitcoin but they never be at hurry, they cool down and microscope the advantage and disadvantages of the investment before venturing into it, while some people exhibit the exact characters you portray, I really want you to know that bitcoin requires a good time to study the system of cryptocurrency generally or bitcoin before venturing into.

Of course, people have different characters and behaviors, but sometimes, many begin to act spontaneously and not deliberately under the influence of external factors. Recall, at least, the hype of 2017, when only the lazy didn't buy cryptocurrencies. A lot of people, including me, practically didn't study the projects, didn't delve into all the subtleties and details, which led to losses. Many projects either disappeared or never returned to those indicators. Why am I saying this? And then, that not everything is so simple and that bitcoin turned out to be not the worst solution (when compared with other cryptocurrencies) for spontaneous investments.

If mention OP's post, then it would be most correct to say the following. If you have money, then invest in btc (having learned the basics first, but in general, it has a fairly low entry threshold and doesn't require extraordinary knowledge and skills). If not, learn more about bitcoin /cryptocurrencies and when you are financially and mentally ready, then invest.

Topic: Having no money to invest in Bitcoin is even better - page 3. (Read 971 times)