Having no money to invest in Bitcoin is even better - page 6.

CryptSafe

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Quote from: Faisal2202 on June 23, 2023, 06:35:33 AM

Well, no wonder world is full of difference and each person has different idea, for example here op's idea about having knowledge is more valuable then having no money. But at the other hand few days back i read a topic, took me few time to find, whose idea and POV is totally different then ops. Without money, the knowledge is a waste

Quote from: Obari on June 16, 2023, 03:00:19 PM

Yes!
you got the topic very correct and I do mean it because after my last thread, I was actually wondering the essences of having all the knowledge about bitcoin and cryptocurrency at large and still don't have the money to buy, I just feel its a waste of effort and such a person with all his knowledge will definitely miss out of the opportunities in bitcoin and I'm on the opinion that people still need to always have some form of money at all time to buy bitcoin especially at every instance a dip arises and I want to know the essence of wanting to crowd ones brain Brain with so much about bitcoin when such a person doesn't have any more to buy rather than seeking ways to buy?

Well, i have shared my opinion on the obari's post and i will share mine here too. That i totally agree with you too but also to some extent only. Because as obari said money is also necassary and without money what value our knowledge has, so in the reply i shared we could earn money by sharing our knowledge about crypto just like i am doin as a crypto content writer.

Point is, existence of both is necassary but knowledge is most necessary because without knowledge you can not stay longer.

This post however reflects my view on the same topic created by obari sometimes last week like I said on the post that both knowledge and money compliments each other. You can not have knowledge and not use it wisely to create or generate money for yourself likewise you having money and not acquiring knowledge so as to aid you sustain yourself on the long run.
You see, at first, you must acquire knowledge which is the first course of life before anything else. Tell me how do you manage your wealth or any situation if you have no knowledge. So you see that in any and everything one gets engaged in in life, one must be able to have an atom of knowledge so as to scale through as the case maybe.

Patrol69

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I feel that opportunity to invest some time should not be missed because opportunity does not come again and when opportunity comes it has to be utilized. People who don't have money is different but those who have money can invest in Bitcoin if they want. Because if you invest with risk, this investment can change people's lives. There is no rush to invest for those who don't have money. If a person is interested in investing without money then that person should acquire adequate knowledge about investing. If he gets enough idea about investment, he can use his idea and invest in future when he has enough money to invest.

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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.

It is true that those who have more money do not have time to learn. You need time to gain experience in any platform. People who have more money are also more busy. Different businesses, investment of money in different places and many money matters have to be settled.

it is also true that those who do not have money only have time. Because when a person does not have money, where will his activities come from, because money keeps people busy. So he tries to learn different things and often joins all the ways to earn online.

It is a great move to learn and gain experience with Bitcoin and crypto currency platform, but I think Bitcoin investment requires a good amount of money, and a person is more interested in the platform in which he has money for investment.

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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.

Is actually true, having no money to invest on Bitcoin is most time better than having the money to invest were as you don't have enough knowledge about it and loose it later, so having no money to invest at that moment allows you to study and learn all the concept about Bitcoin and also going through google to research and meet different professionals to enhance your knowledge about investment.

After gathering all these information you will see that your mentality and perception on investment will change and you will see everything the way it alt to be. It doesn't matter who invested first but matter is the understanding and profit making.

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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.

It all depends, in my opinion. Even though they don't have any money, many newcomers are racing to buy Bitcoin because of what they've heard. You know they are so desperate for money that instead of learning because they lack funds, they risk their funds in investing without enough information and therefore lose. To be honest, those who don't have money are more likely to lose than those who do. We can't compare investors to those who have nothing to invest in because most of them are adept at it. Investors are more likely to invest with knowledge and steady emotions because they have money to invest. Those who do not have money are more likely to invest based on emotions rather than knowledge.

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Quote from: BitcoinPanther on June 24, 2023, 04:25:07 PM

I am also confused on what @OP wanted to convey on this thread. Although I agree that knowledge is very important but how can one profit in Bitcoin if he does not spend money to invest in it.

Based on the OP's idea that it's not very good to have money while learning Bitcoin, he also forgets to realize that there are different kinds of people in the crypto world, so he (the OP) should not just give this kind of impression to any newbies that might be reading this. ofcuse Whoever doesn't want to make a mistake should be aware that they need to learn first and become very educated about what they are Investing their money in before going ahead with it.

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

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.

The problem is not everyone have a tendency to be patient just learning without any practice on real run with small amount of money(demo doesn't count because your emotion and other factors don't really apply here), it used to be possible in earlier years when the price of Bitcoin was really low as low as 3 digit USD. It's more impactful to learn everything when you are in practice instead of just theory.

Marykeller

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OP What you need to know is that an investor will create plans to invest in bitcoin or any other altcoin for his future gains when he has money to spare. He isn't doing it because he has money, rather, he just wants to make investments to safeguard his future. Although he might end up investing in Bitcoin at a high price as a result of being impatient to do so when he wasn't supposed to. Still, yet, it is a known fact that one cannot succeed in crypto without taking the risk to invest in bitcoin, whether it is in the bull run or bearish market. So what's the point if someone gains all this knowledge and exposure about bitcoin without ever investing in it when it deems right to? Like he misses all the opportunities brought before him to invest in bitcoin at a low price.

mvdheuvel1983

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

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.

I think that this is the hardest part - cultivating patience and discipline to keep studying about bitcoin when there is no money to invest. But there is a reward in this - the person would have been able to have a thorough understanding of bitcoin thorough studying. We should not forget that the true test comes when you actually invest, we cannot tell if the person would avoid dramas or not. That is the point where everything learned will be put into practice or tested.

BitcoinPanther

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Quote from: Dr.Bitcoin_Strange on June 24, 2023, 04:14:06 PM

Quote from: suzanne5223 on June 23, 2023, 04:49:54 PM

OP, that's not true cause this is something that has to do with a vice-versa situation and individual way of doing things.
We have seen some newbies on this forum who didn't have the fund to invest in Bitcoin and still choose not to study to understand the fundamental aspect of it.
While there are also some rich people who took their time to learn about Bitcoin before they invest in it.

exactly! It really depends on the individual. There were some people who even learned about Bitcoin, but once they had the money, someone (maybe their friends) still convinced them to bag some Altcoins that turned into shitcoins. While there were still people who had the money to invest at the time of learning, they gave off their time to gradually learn before investing their money. We all know that every individual really has different habits, and there are rich people who will just invest without taking note of the risks involved, and by the time they see some kind of situation with their investment, they will begin to complain. In my opinion, it's better to have the money while you are learning. It's left for the person to calm down and learn so well that they don't make mistakes, but if they still make mistakes along the way, then experience will teach them.

Cheers 🥂, Dr.Bitcoin_Strange 👺👺

So at the end of the day, an investment needs money even with all the knowledge acquired. I do not know how can one profit from Bitcoin if they don't invest in it. And we all know that any form of investment requires money. So we cannot just easily stated that having no money is better in any kind of investment. I am also confused on what @OP wanted to convey on this thread. Although I agree that knowledge is very important but how can one profit in Bitcoin if he does not spend money to invest in it.

Dr.Bitcoin_Strange

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Quote from: suzanne5223 on June 23, 2023, 04:49:54 PM

OP, that's not true cause this is something that has to do with a vice-versa situation and individual way of doing things.
We have seen some newbies on this forum who didn't have the fund to invest in Bitcoin and still choose not to study to understand the fundamental aspect of it.
While there are also some rich people who took their time to learn about Bitcoin before they invest in it.

exactly! It really depends on the individual. There were some people who even learned about Bitcoin, but once they had the money, someone (maybe their friends) still convinced them to bag some Altcoins that turned into shitcoins. While there were still people who had the money to invest at the time of learning, they gave off their time to gradually learn before investing their money. We all know that every individual really has different habits, and there are rich people who will just invest without taking note of the risks involved, and by the time they see some kind of situation with their investment, they will begin to complain. In my opinion, it's better to have the money while you are learning. It's left for the person to calm down and learn so well that they don't make mistakes, but if they still make mistakes along the way, then experience will teach them.

Cheers 🥂, Dr.Bitcoin_Strange 👺👺

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Quote from: lovesmayfamilis on June 23, 2023, 07:17:06 AM

Any business you start takes practice. If a person does not have money, he will not be able to experience everything on his own. Saying that you need to study Bitcoin for the future someone who has no money upsets him even more. Since he will begin to understand that the current price of Bitcoin if he bought it right away, was more profitable than after he learned everything about it,
Everything must go together. Sometimes we meet hurried people who rush to invest their money, and this is an indicator of greed. The one who earns steadily knows how to manage money, and it is these people who get the best profit, as they consciously put in a lot of money, which ultimately leads to capital gains.

He might struggle to do some studies regarding on what will be the effective methods he can use to earn on bitcoin. And its hard to decide if we only have few balance to spend since every trade we do is really needed to watch after because if we do simple mistake and cannot do any action then chances to lose on what we are doing with our investment especially on crypto will be in vain.

If we meet people who have greedy attitude maybe we should try to learn with them and make this as a basis so that we will not follow what he is going thru and can escape the possible consequences of this action and convert it to right decision making especially in our possible investments.

worle1bm

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But how many of those who don't have money actually are interested in learning about it? They are trying different ways to earn some free Bitcoins also through those scam websites because they are seeing how much profits people have made through it without even caring to read about it that what's the importance of it.But yes we should patiently spend time on researching about it and acquiring more knowledge about it while saving some money to invest later on.But if you have say small amounts set aside not big one you can simply DCA with it while reading about it and gaining knowledge about your investment and make future plans accordingly.

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Quote from: tygeade on June 24, 2023, 02:42:53 AM

Plus crypto world is filled with opportunities which means that if you have a lot of time, and a willing character to work hard, and no money at all that makes him hungry for more work, all that equals to finding a job here. Most of the time a job here would be a lot better, it is not going to be even remotely close and it would result with an insane high levels of return without a doubt.

I think it is quite obvious that we shouldn't be really worried about an unemployed person in the crypto world because if they really work for it, they can definitely find a job. One way or another, even if it is not a "job", they can find bounties, airdrops, promotions, signature campaigns, management, and many other things as a business and could do so well.

It may take a lot of time to get all the necessary knowledge here, but if you need money for everyday expenses, then you won’t be able to study for a long time without paying, because you will need to eat something.

There are opportunities here too, all this also takes time, a beginner will not be able to just come here and receive at least some income. Therefore, if there is a desire to understand what and how it works here, and earn money here, then this can be achieved, although a guaranteed income as at work here may not be achieved. So at first you should have a job that will provide everything you need, and in parallel will allow you to study those areas that you are interested in, I am sure that this is the only right decision.

Or perhaps you are in high school, or you are a student on a scholarship, then you will have enough time, hopefully without compromising your studies, to achieve your goals here.

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The split between the haves and have-nots, and their contrasting approach towards understanding Bitcoin, is truly a paradox, isnt it?

The affluent, capable of causing ripples, seem to speed-run the crypto journey. Conversely, the less endowed devote time to comprehend, evolving into the digital era's crypto intellectuals.

But is this the norm? Or should we see this as a golden ticket to enlighten potential investors about understanding before leaping? This may be the antidote to the infamous "crypto dramas." A cocktail of capital and wisdom could turbocharge a prosperous Bitcoin economy.

demonica

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It may work for others but not for everyone. However, I agree with this based on my personal experience. I started my Bitcoin journey even though I don't have the money to invest in Bitcoin. Instead, I invested my time learning more about Bitcoin until I discover others ways where I can earn Bitcoin or crypto tokens. I also invested my skills and knowledge to be able to work and earn tokens in return that I used in buying Bitcoin.

If you really want to enter this space, it doesn't always mean that you need money to invest so you can have your Bitcoin. Bitcoin isn't just for people who have money. If you don't have the financial capabilities, make use of the other things you have that you can offer to others. Just like what I've mentioned, if you have any skills or knowledge you can offer, use that.

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Quote from: bots1 on June 23, 2023, 08:59:50 AM

There may be a point, in that someone who is penniless might have more time to study and learn about Bitcoin and the exchange as a whole. So there is no rush to make investment decisions and have the opportunity to avoid the drama that sometimes occurs in the crypto market.

In any investment, solid knowledge of the assets to be invested is essential. Therefore, if someone has the investment skills and is prepared to deal with the associated risks, they may be better prepared to take the appropriate step in considering allocating some of their funds into Bitcoin.

Plus crypto world is filled with opportunities which means that if you have a lot of time, and a willing character to work hard, and no money at all that makes him hungry for more work, all that equals to finding a job here. Most of the time a job here would be a lot better, it is not going to be even remotely close and it would result with an insane high levels of return without a doubt.

I think it is quite obvious that we shouldn't be really worried about an unemployed person in the crypto world because if they really work for it, they can definitely find a job. One way or another, even if it is not a "job", they can find bounties, airdrops, promotions, signature campaigns, management, and many other things as a business and could do so well.

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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.

It's for their assurance and security that they can take back their money anytime and to see how liquid cryptocurrencies are. Well, it's liquid but we know that not all of them.

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.

That's right, and these people are also likely the ones to observe the market with their time. Since they've got no budget yet to invest but they see what's happening in the market and this is making them having good decision and have it on their minds that if they have money soon, they know what to buy and to invest with it.

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

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.

Well, you can do something about that. Find a side hustle, grind for something so that you'll have money eventually and don't have to be that big. As long as you have initiated it, that's what matters. You already have a something to begin with.

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Currently, there are quite a lot of ways to invest in bitcoin, there are even a lot of them on social media or YouTube. you can study it for free. In addition, people who are usually in a hurry in this investment will quickly leave this investment because they may think that this is an instant way to get profit, without even learning.
The advice I have is not to rush. You just need to keep studying if you don't have money. that way you might get a lot of benefits. In fact, you might even find a way to earn through an airdrop or something else, and start investing in bitcoins. for information, I also started all of this with only a laptop and internet.

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people who are going to invest in btc usually have someone who always does research first and adds insight and knowledge before investing in btc and there are those who don't do research first and most don't do research In the past it's always bad and ends up making a loss.

In my opinion, in this case, not everyone who no has money does research before investing because usually people who have money will actually be eager to seek knowledge because they don't want to experience losses. even usually people who don't have money are always lazy to study because they don't have money.

but indeed if don't have money it would be good to learn about btc first so when you have money of course it will be easy to invest in btc and have the potential to make a profit.

Topic: Having no money to invest in Bitcoin is even better - page 6. (Read 971 times)