Topic: Having no money to invest in Bitcoin is even better - page 4. (Read 1114 times)

Still not entirely true, I have been in crypto space since 2017ish and I still make some investment mistakes till date, I have the money but it's another thing entirely when doing research, some vital points or information can still be missed, have you ever try to learn something and it's unclear to you for a while but after several revisiting the same pages you become to understand better? This is how cunning crypto investment can be at times, if you have the money you can do research and invest but miss some parts, if you don't, you can still always revisit for fun and things could be more clearer.

learning to know about bitcoin is of course very good so that when you want to join and invest, you already know what to do. so keep trying to learn and don't need to rush to be able to invest as soon as possible without adequate provisions, so you don't get into trouble later.
but I agree with the opinion that everything will be meaningless if you don't have the money to start investing in bitcoin, because it's impossible to make money but you don't have the money to start with. The conclusion is to keep learning and also prepare money to start investing, if you're not ready, wait until you have one.

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.

OP this in some way makes sense the availability of money could pose as a distraction to learning first, but having no money within the first periods of knowing about bitcoin would really be helpful in making the person focus about the knowledge of bitcoin compared to when having the money available as it could lead to a divided interest of wanting to trade and invest or learning first.

 But with the absence of the money you're all geared up to learning only, particularly for those that have the luxury to learn about new things to  be able to stand out when they eventually gets to participate.

This is definitely better than rushing to invest without knowledge. But my question is, newbies with no money serious and motivated to learn about bitcoin? I doubt many people will do that because when you don't have money and what you need to do is make money and not focus on something that isn't necessary at the time. As experienced investors, we will be aware of that, but as newbies, I don't think they will have that mindset.

You have said it all mate. If you must go into a business, you must have a proper knowledge of what you are about going into so as to be on the safe side of not making mistakes.  Knowledge is powerful and as such one must be educated on what ever they deemed fit going into to improve their ideology.

Nevertheless, a person without money is always eager to make the money and that alone arouses their desire to seek for knowledge and that knowledge gained will aid them in making the money the longer for. So therefore, having no money triggers the desire of one to learn in other to make money and lead a good life.

I think you're wrong, if I may asked what's the essence of having full knowledge of Bitcoin without investing in what you have knowledge of? I think this is what they called waste of talent, most beneficiaries of Bitcoin are the investors. A lot of friends surrounded me who had made huge amount from Bitcoin without the full knowledge of it, their main goal is to invest and make profit and they have hugely made it form Bitcoin with a little knowledge compared to me who have the deep knowledge but couldn't invest, what's my gain!

Not for everyone, some people believe that investment is their way out of poverty and all they do is find ways to make money so that they can invest in crypto, while some believe that there should be a another way to make money free without investing a dime, see, we all end up becoming what we believe in, some people believe that it's impossible to make money without having money for investment or business first.

Some believe it's a slower process and there is a chance you won't come out with any significant changes, even those around us tend to give advice based on their beliefs, but in the end what you believe in is what you will get.

Right now free money in crypto space only come from testnet and a few airdrops, majority of new projects don't give free tokens anymore, the last one was Arbitrum and SUI failed to do the same, so mamy disappointment will occur soon, so yea money is a bigger part to make more money in crypto now.

I'm not sure about your statement. I think most people will consider investing when they have enough money to invest. And most people who don't have money don't think about investing. If you have a lot of money and are confused about where to invest your money, yes, you need an expert consultant. And is an expert consultant a penniless person? They have experience in investing, I believe an investment consultant has a lot of money. Otherwise, who would believe a poor investment consultant? That is a sign that their investment failed

So in my opinion it's not enough if your goal is to become an investor but you just sit back and read a book. Learning is not always by reading books, you work, try small investments, go bankrupt, get up again, invest again, until finally successful. It's been a long journey. No one can become a successful investor by reading a book and sitting pretty while enjoying hot tea

Mostly, newbies who have heard things in the wrong way from people will be that way, they believe that cryptocurrency is a way to get rich quickly, and as soon as you invest your money, you will start getting profits right after it while that is not true, such kind of people will always be in a hurry to invest without learning anything about the market and cryptocurrencies and how everything works, they tend to be too eager to just buy and get profits.

But, there are also people who don't do this, even if they have their capital at hand and can invest any time, they will take their time to learn everything first before they get involved, and these are the kind of people who get success in everything they do because they value knowledge and experience.

That's not the point, either having money or not having money changes the approach to investing. If you have none, then you would have to increase the amount of income you have and in the crypto world you can do that a lot better. I know a lot of people are not sure about it but we need to make sure that we can do something like that if we do not have the money for it.

There are tons of people who haven't really decided on anything just yet, but I believe that we could probably make a lot of profit when it comes down to bitcoin. I think expertise just brings better investment results, but even a novice could make a profit by working, increasing the income is not just by trading, you can do a lot more stuff for that as well.

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.

Wow
If I've gained nothing from bitcointalk.org, I've earned to accept the fact that just as out faces are different,  so are our thoughts and sense of reason.
I believe some other members  have told you about me creating a thread with a completely  opposite idea where I talked about having money to back up ones knowledge as having knowledge without money to invest is of no use as people with knowledge  without money to invest will definitely miss out from everything bitcoin has to offer at that point in time.

What truly is the essence of having knowledge  without having  any money to invest in the industry?
Just as a wide thought because for instance, someone who has the money with a minimal knowledge  about bitcoin and possibly  buys about 1 bitcoin at the current market price and maybe in one year to about 3 years, the price rises to an all time high of about 70k dollars which means that the investor should be making about twice of his investments and a crypto knowledge guru who has all the knowledge  but barely has any money to buy  or doesn't have any money to buy at all, wouldn't such a person miss out of all bitcoin  has to offer?

And if you're to choose which you'll  be, which will you chose to be, the investor with the basic knowledge  of buying low and selling high and a knowledge  guru who has all the knowledge  and has no money to invest?
Please I will appreciate  a sincere answer.

This may be true and acceptable to many who lack the necessary funds to buy Bitcoin directly and choose to keep learning about the technology and its embedded concepts, and risk assessment when it comes to investing in Bitcoin,  meanwhile, those with capital ready to invest may miss some vital role and information as regards to bitcoin and even go as far as missing bitcoin with some scheme that may end up scamming them of the capital.


So to a great extent, not having money may be helpful to a newbie if they invest the time in learning about Bitcoin and how to avoid getting scammed by securing both their wallet and assets.

This made me remember my early days of bitcoin and bitcointalk platform. You see, curiosity drives someone to learning and having knowledge about something which they deem fit in knowing and having interest in. Anybody with passion and zeal for something would never have an excuse as a reason for not achieving what they want to no matter the situation and circumstances surrounding them.
I think it is lousiness that makes people give excuses  and not give time to what they have interest in doing not to talk of when it has to do with generating funds.
I  always tell people around me to always have that curiosity mindset because that is the drive to learning more about anything they desire to know about in life.

This is true for those rich people who are investing blindly, meaning they invest without sufficient knowledge that will teach them how to act the right way when investing bitcoin. However, for those who keep valuing their money, every centavo of it counts so expect that they will never invest without making intensive research at first. While losses are inevitable, at least they know how to combat them with working strategies and skills in the market.

As far as I know, you need both of them. Learning something will give you knowledge. But only knowledge can't give you success in your life. Experience does. In order to gather experience, you need to go out and try it out yourself. You need a mindset to learn, and it will lead you to gather knowledge and then you will apply that knowledge to gain more experience.
I don't care how low that might be, but you need money. You need to go out and experiment with it. Apply all that you know and test it, compare the results, find out flaws, and fine-tune it to perfection. Knowledge is everything, but experience makes it perfect. So whenever you try to invest in Bitcoin, start small, learn the process, gain experience, then move towards the big fish.
And the statement is not always true. Those who try to invest without knowing all about it, in order to make quick money, are the fools entering the market with only money and not with knowledge and experience. Those who understand the concept of risk and risk management, will first learn everything and then enter the game. This is just how it is.

That could be wrong though. Some investors really have money and know exactly how to invest in Bitcoin, they are skilled at estimating when to invest and when to sell. Having money doesn't necessarily mean they are in a hurry to learn how to use exchanges to make purchases using fiat. They might choose to relax and learn the basics first before making their first move.

Perhaps some people may fit the the problem you said but it's not entirely accurate in all cases. People who have limited funds or no money, may have more time to learn about Bitcoin and make wise decisions when they start investing. However, it's highly relative and depends on people circumstances imho.

When an investor has money he rushes to trade on various exchanges. But it is never a good sign to rush before investing. A wise person would never be interested in investing without knowing about cryptocurrency. There are people who invest their money and try to get rich very quickly but they have no patience. Basically such people invest impatiently and later suffer losses and collapse. But those who don't have money to invest will never be impatient but be patient and take detailed education about the market. And they will invest when they get full knowledge then skill full and they have money. And such a person will never lose his money by investing but will be successful in future. So I think it's right to be patient when not having knowledge about crypto is better than not having money.

You’ve made a very valid observation. It’s quite true that people who have the financial resources are more eager to dive into investing and only focus on the practical aspects like making purchases and using exchanges without having a proper knowledge of what it entails, while people who do not have immediate funds at hand are more likely to spend more time in learning and understanding the Bitcoin and cryptocurrency space which is eventually beneficial to them and helps them to make informed decisions when they are eventually ready to invest. Regardless, no matter ones’ financial capacity, he or she should ensure to have an in-depth knowledge and understanding of Bitcoin and cryptocurrency before making any investments.