Topic: Having no money to invest in Bitcoin is even better - page 5. (Read 1114 times)

for the most part, a lot depends on the desire to gain new knowledge, and I think it’s not just about saving time. Anyone who wants to thoroughly explore something will spend enough time. Now the same YouTube is a huge library that has almost everything and you can find the answer to any question. Or even register an account here and chat with people, they will always answer a competent question here.

This is the best community to learn about bitcoins, and to have all these fantastic users who always share some crucial information about bitcoins and cryptocurrency for free is something you don't find anywhere else on the internet. All of it is legit because if some bogus users post something inappropriate or wrong about a specific topic that is related to bitcoins, he often gets corrected or get beware of when they cast some doubts to the users. So whenever you want to learn some fundamental knowledge before deciding to invest, it's better to use the search button and continue your journey to becoming one of the investors that won't have any regret when it comes to their investment in bitcoins.

I'm not sure about that (Having no money to invest in Bitcoin is given) and I'd say No, if someone don't have money I can't see how that person would devote his or her time to read or research on something that he/she doesn't have money to invest on, you're broke and you spend all your time reading and doing research on Bitcoin knowing quite well that you can never get the cash by doing such (Reading and doing research), that's ridiculous. Why not get the money first then engage yourself in reading or learning more about Bitcoin, whenever you have the money and you have interest in investing then you're good to go.


Some people might still be interested even when they don't have money and they can let it be until they are financially stable but that doesn't mean they don't have that interest for it because there's no money. Like I said, they can use that period of going to hustle out cash to invest instead of doing what won't fetch money to do what they like doing that's reading and researching. To be sincere with you, these set of persons are very hard to see in the trading sector, they can wait till eternity, they're always patience.

That is the truth. If you have a lot of money, you won't spend much time for learning. When you don't have money but you need money and then you will give your precious time also keep a close eye on how you will earn money from it. People who have a lot of money are always reluctant to take any decisions. Due to which the possibility of wrong decisions is very high. OP has given more priority to learning than money. Earning money is not difficult if you have proper education or knowledge.

actually those who have no money are the type of people that would do anything to find which way is better and best to earn money even small amount of earning .
while those who  have money mostly wanted to earn quicker , and this is why they fell mostly of wrong decisioning and harder to gather those much they are looking .

Well, I do not totally agree with you on this. Sometimes it true that those that have money do not like wasting time in investing, they just throw their money there before even thinking it through. And this sometimes pay off for them. They could get lucky and hit a gem early.
And also not having money can be very frustrating especially when you are very convinced that a certain token will do very well because like you said you have had the time to do your research about the project, and when it's time to take action, you don't have the money to put in, this can be very frustrating.
Moreso, you can not have money, have time and not have interest in knowing more about a project.

I also believe that not many people would try to learn about bitcoin if they didn't have the money. Instead, they will find another job to earn money because no one wants to waste time learning something they are not sure they will use later. I used to fall into this situation, I am very passionate about investing, but when I don't have money, I will prioritize making money for the necessary things first. Investment will only be considered when we have the money available for it.

You are right, having the money already at hand will definitely help us stay motivated and arouse the desire to make more money from the money we have. From there, it motivates us to desire to learn, to find out everything necessary to bring success. When it comes to investing, money and knowledge are necessary and sufficient conditions to start, without either of them, things will go nowhere.

Bring discussion brings back some past painful memories of mine, I started my crypto journey when I had nothing too, and I spent most of my time staring at the value of Bitcoin, yet I engage in many airdrops at the time and I claimed multiple faucets, I have many doge coin and Litecoin but I lost them.

I was able to use these coins as an experiment instead of using real money, I knew the difference between wallets when I lost my doge coin to a custodial wallet, it was a good number of Doge coin, enough to turn me into a millionaire in dollars if I had them till 2021.

Years ago, you can end up with good and bad coins engaging in airdrops if you don't have money to invest in crypto, this space is where many people started with no money and they ended up with money, thanks to airdrops and crypto mining, I mean Dogecoin was so easy to mine in 2015-2018.

As already stated by others, this isn't true in every case. Some people don't want to do research regardless of do they have money to invest or not yet some people will do it in both cases. For me, I haven't had much money to invest and luckily I've had a lot of time to learn more and more and I think I benefited from that. I was always finding ways to earn Bitcoin and learning how to invest so it was better for me so I could use my money smarter today. Even though I wish I had more money back when I started, I'm glad I had the experience and I guess it's never too late to invest.

This is like, even if you can't afford to buy the stuff that you need, you'll learn about it online, like finding reviews and how to maintain it so that it will not get easily destroyed. In bitcoin, it is almost the same; you are just learning first before investing in it. What's best about this is that you'll strive more, you'll learn more, and after that, you'll conclude that you'll invest more of it if you have a chance, as you are more confident that you'll earn profit on it. You are right, mostly if we do have money, we are too hasty, and we are getting blind to those other things as we are just seeing the profit.

You raise compelling points about the dangers posed by certain altcoins. But should we not also take into account the equally transformative potential they offer? Can the very volatility that frightens some also create opportunities for others?

When we turn to earning potential in crypto, we walk a delicate line. True, many have reaped significant rewards from simple tasks. However, isnt it overly optimistic to dismiss the effort involved as 'not-too-hard type of work'? Isnt it precisely the complex and often inscrutable nature of the crypto-market that makes it so lucrative?

Knowledge, as you rightfully point out, is crucial. But isnt adaptability just as, if not more, essential? The crypto landscape is ever-changing, demanding constant vigilance. Isnt this precisely why Bitcoin, with its revolutionary blockchain technology, continues to intrigue us and hold such promise?

There's no such thing as too bisy to study things especially something which would generate profit. We can all make time for sure but they just choose not to. On the other hand  let's say you have the knowledge; if you don't have an amount you can afford losing, then nothing will happen for sure. Let us accept the fact that money plays a huge role in any field of investment, to have a good start. And having a money is not an excuse to not put effort on learning things. Obviously, it would be much better having both of these capabilities. But going back, people with money won't be at the edge if they will choose to go easy on what they are doing. They can pay individuals to do it for them. No requirement is there that all money should be done through hardwork. Therefore, it is a case to case basis.

You are right, most rich people don’t have time reading about bitcoin, most of them have head about bitcoin in different places, all what they will want to do is look for someone that really understand it and they will ask the person to invest for them. Most of those rich people are having lots of physical investments which they have to manage, since they don’t know much about bitcoin, they won’t have time to start learning about bitcoin, and most of them don’t have time trading bitcoin, their investments is always a long term investment.

If you know about bitcoin, then you might meet someone rich that will want you to manage his portfolio for him and he will be paying you, you knowing about bitcoin has very great advantages because opportunity can come at any moment and you will be able to utilize it will, if you are being paid to manage portfolio, you will be able to save money from the salary which you are being paid and you will be able to establish yourself also. I was connected to a politician few months ago in my country, he told me he will get back to me whenever he is ready, and am sure he is going to pay me. So even if you don’t have money to invest, just keep on reading and it will be useful one day.

Nah. Just because those people don't show themselves around social media does not mean they don't have time. There are plenty of rich ladies and gentleman around the internet that could be reading our comments right now and they won't bother to respond to any of our replies.

It's just not everything you see around the internet is really true.

It could be just a rough observation with immediate conclusion, I suppose. It's kinda hard to conduct any crypto related study around the globe as there are surely an inactive users.

How did you conduct your study to come up with this? It would have been fair if you use "some" instead of "most" in your statement. By the way, how do you feel learning without practical? Discourage I guess.

No sane human will invest and ignore to follow up unless the money invested is not much. It makes more sense when you're learning, you should have money to invest as well in order to see the practical aspects of what you're learning else you'll find it difficult to continue learning in the long run. Your learning will be in vain if after all the efforts, you have no money to invest.

I'm not saying you should not learn if you don't have the money thou but have money to invest and learning at the same time will trigger you to learn more since you won't be happy to lose your money.

There are people whose attitude is that when they want there is a way and when they don't want there are many reasons. Only these two people will always fall if we have something we want to share with them.

And there's a lot of that here in the Bitcoin community, and it's true what you said that most people who don't have enough money have more time than those who have enough money here in the crypto space that we're in.

I agree with your points and it's true that sometimes in spite of having everything in a field there are some risks and challenges that we must have to face. The crypto-market is also full of such risks especially for those who are in the field of crypto trading because in crypto trading there are many altcoins that have no good use case, and those are only made for the purpose of pump and dump promotions. The traders who trade those altcoins are at very high intensity of risks because those altcoins can lose 99% value anytime, and the traders can empty up his/her capital by investing in those coins. The risks are quite high if you take part in presales of those coins because most of those coins are useless and they won't earn you anything.

Aside from risks, the crypto-market is also full of opportunities and many people who can work in this field could be financially stable within no time. Even the income that people generate from the signature campaigns and other simple tasks is quite enough to live one's life happily with minimalistic expenses. In many countries people earn very low wages for their hard work, but in the field of crypto-currencies one could earn substantial income by doing not-too-hard type of work. In any field one's knowledge is the most important factor for success, and in crypto market the same rules are valid for the ones who want to earn some money. If someone is knowledgeable about the crypto market then things could be in his/her favor, on the other hand if someone is not knowledgeable about the market then that person couldn't make a lot from crypto-market.

Because some person at the moment doesn't have the money to invest in bitcoin doesn't mean they are taking the period all out learning and gaining more knowledgeable tips and strategies about bitcoin as it relates to investment and trading. They could be using those period strenuously working and conceive some other channels on how to generate the needed money for the investment other than devoting such time to learn.

The necessity of the money in using it to invest could make their interest to learn and gain knowledge very slim. Like what if they learn and ends up never having the money to invest eventually. Like of what usefulness is a knowledge to a person when they don't have the wherewithall to use that knowledge on.
I think having the money already at hand could be a booster for anyone who have the hunger to learn to even spread his tentacles for a broader knowledge about bitcoin but for those who don't have the desire to learn but just want to earn, not having the money to invest is a fertile ground for excuses.

If you don't have yet the money to invest, why not invest your time to learn for yourself right? Because once you learned Bitcoin you can actually find ways to earn it without even needing some funds. Where you can start from small cuz if you're good enough to make it huge, then you've really learned from your studies about Bitcoin. For me the best way as a student, you can do working student and those funds you could use it for investment, don't be distracted from buying all unnecessary things for you to be financially freedom in the future.

I can relate here, it's because also you only have time and don't have enough money for it.
That's why I am very proud of those people who start with nothing, especially in cryptocurrency, because in some cases you can have Bitcoins in many ways, like working something and earning Bitcoin, you just need time and dedication. Back in the days, I can say, it's much more easy to earn some Bitcoins.