Topic: Having no money to invest in Bitcoin is even better - page 8. (Read 1114 times)

I am not sure if this applicable story everywhere. This seems to be very small thought about the Bitcoin investment. I mean how many people might be there who think this way while making an investment in the Bitcoin. If someone is willing to invest money then they would always come prepare and make their moves. Moreover, I would like to think that if someone is making research about different investments then they would do it only after learning how much money they could invest or willing to spend so that they can be differentiated from the daily expenses. Most of the research based investment are done by keeping in mind about the money we are willing lose on the way. If someone is not having money then I bet they would never think about investing the money.

@OP is this findings or discovery of yours base on any studies made with the crypto community or just an observation of yours among the few btc friends you are familiar with? coz i know for a fact that this is not true.
Have you taken a good look at the entire crypto space and the monumental number of brains that has huge funds in it? i think it is usually the other way around, those with no penny or little to invest usually don't find leaning btc important and worth their time since they won't invest anyways, they are too afraid to lose their small funds that they will rather not waste time with it unlike the big boys who knows what's up.  

Here is a hint - take airdrop Mainnet interaction as a case study, find out how many broke dudes are wasting time on something they don't have money to do and find out how many dudes with money are actively involved with constant interaction and increasing transaction volume on a daily, weekly and monthly basis.

Well it depends on how "privileged" you are actually. Some even don't have the access to just learn investment at all even if they really wanted to learn. It's not just having the money to be able to learn new stuffs just because they the means to do do so but also knowing on what the person really needs at that condition.

I wonder where you got that "70%" though. There are still newbies like me back in 2017 that just proceeded with caution because I know that crypto isn't something to just f around.

Depends on certain conditions yet we know that there are people despite on having tons of money they could still be able to make out some dealings which they would be able to make involvement accordingly
and wont really be that too careless when it comes into their decisions considering that this one would really be involving money which it would really be that common sense that they should really making
some study and analysis towards it.They cant really be just in a hurry on putting up things without thinking properly since they do know that money is really at stake on which it would really be
that not all having the money would really be just be like that on where having no time on studying on something that they do really want to get involved with.
You cant really compare out those people who dont have money to those who do have when it comes to decision making. We know on whose always have the advantage.

I guess many forum users don't have money to invest. They register on forum and do something useful, try to join bounties, make constructive posts, and earn some bitcoin from signature campaign. I would definitely not say all users are like that but I am sure some users join forum for the purpose of making money which is then invested over time.

Regardless of their goals, it may be true that forums can help them get good opportunities to become bitcoin investors. So even if they don't have money, their interest and willingness to become bitcoin investors can be made possible when they want to learn.

This is a very important topic because the majority of newbies always tried to start as soon ad they hear about Bitcoin, and 70% of them will did some wrong steps that could lead them to lose money and sometimes get scammed, people must start learning about everything in crypto and how to profit from opportunities before putting money on crypto otherwise they will lose

the opinion that you convey is the conclusion of your perception and in my opinion not all Bitcoin investors are in a hurry as you say.
I don't fully agree with your opinion but I take the positive side of your opinion because I think your opinion might open people's minds so they don't rush to invest without having sufficient knowledge.

for this opinion, I agree, don't feel discouraged and don't give up easily on learning Bitcoin even though we don't have enough money to buy Bitcoin.
we can get Bitcoin not only by buying it but we can get it in various ways as long as we can see the opportunities that exist.

I think if you have more money or less money but learning first is very crucial because if you don't know what to do and how to manage risk then it will not be possible to achieve your desires. It does not mean that if you are wealthy person then just putting money into some business will surely give you profit, learning is also very important.

It is reality that people always learn about those things which he can buy and if person does not have money then he is not interested in such activities because he know that he cannot use money in this field. It also depends on the interest of individuals, an interested person will learn by himself while those who are not interested will just put money and think that this amount will multiply regularly without doing anything which is totally wrong concept.

@Z390, I will partially disagree with you on this one. The reason is that, whether you have money to invest or not, it's still necessary to invest by the time you begin to have that knowledge. Let me tell you, some people that you think are very rich are very careful in managing their money; they don't take risks that they feel are not worth it. An example is my friend, who had all the money to invest in Bitcoin back then when he was learning Bitcoin, but he was busy focusing his funds on just one investment source, which disappointed him before he decided to try Bitcoin.

Whoever lacks money management skills will fall into those unnecessary dramas you talk about, but whoever has good money management skills will always want to investigate the assets they are putting their money into.

Why I partially agree with you too is because someone who doesn't have money yet to invest, if the person is dedicated to learning steadily, might have gotten enough knowledge to guide them before they invest. But don't forget that experience will teach those who don't want to learn calmly before investing, that after they make one or two mistakes, they will learn. My Opinion is that it's just good to have money so that as you learn, you are also Investing at once; there is no time to waste.

Some people don't have money to invest, at such they feel they are wasting their time to learn Bitcoin, so, they don't bother themselves.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

It doesn't necessary but people find Bitcoin has some opportunities that could give to a person despite their current status, let's say some rich people having a lot of money and finding things where they could invest their money, then they tried to study Bitcoin for their money to work passively. While for people doesn't even have assets to enter in this industry, won't even think on studying Bitcoin as they don't know how to execute it without having experiences since it would be impossible for them to gain experiences without losing money that they couldn't even afford to lose. But still it's open to every one to learn so it wouldn't be hurt to study incase they have the money.

Someone who wants to start investing in Bitcoin, of course, must do research first, as well as those who have a lot of money, of course, will be careful in making a decision to start.  Apart from getting recommendations from the people around them, of course they will learn by doing research from various sources first.
Except, if the person has a lot of money but little knowledge and doesn't want to dig deeper into how it works, it will be very easy to lose the money invested in it.

And for those who don't have money like Op said they can only collect information from various sources but don't dare to start it then it can't be said much better because they are only rich in information but can't feel success with it

That's not entirely true, if you know about bitcoin at this point and you don't invest in it but just focus on studying and learning, then you will miss out on a lot of things. Bear season is a good opportunity to invest in bitcoin, and you will miss it if you wait. I agree with part of what you said, but we also need to consider what stage the market is in. Do you want to buy $30k worth of bitcoins, or do you want to buy $100k worth of bitcoins when you've done all the research?

Your study might be correct based on your respondents or the people you observed. Generally, anyone that is in a haste to invest and make an instant profit has a high tendency of losing his funds. A lack of knowledge about the area you want to invest in will lead to wrong decisions. If you don't have quality information, you are bound to make mistakes. Second, premature investors are prone to scams. There will always be fake businesses or investment platforms that will promise big profits. Without basic knowledge, one might become a victim because of a hasty decision. The above facts relate to both those that have or don't have money to invest.

If you have intentions to invest in any area, the first investment should be in knowledge. Lack of money shouldn't be an excuse because one can get money in a few minutes but knowledge takes time to build. So the time you invest in learning is not a waste.

Somehow right but not all the time. Fiest of all, even if you have the knowledge but lacks the capability to invest, you won't be able to test or even apply that knowledge, right? As per those who have money, indeed they would be only after with profit but still they have the capability to try and test, and learn eventually. Both has ups and downs, it just depends on the individual to how will he/she be able to make use of the circumstances. Perhaps there's a huge dump with the market price, initially, you would have idea of buying right? Then how would you be able to do that? You know what to do but you cannot act in accordance with your plan. I'd say people with money has the advantage still, even if dumps occur, they can afford holding for a long time until the market recovers.

I don't think that learning about Bitcoin investment is necessary for those who have no money and for those who hardly fulfil their humanly needs. But, if someone has enough money, and still they are only learning about Bitcoin investment, and aren't taking any proper step to invest in it then they will never invest in it because of the fear of loss. The fear of loss is created in the minds of the people who don't trust Bitcoin as a profitable investment, and those people will never be able to invest in Bitcoin because of that fear.

If someone has enough money for investing in Bitcoin then they only need a week or two to learn about Bitcoin and its market before investing the money into it. Waiting for longer than a year or two isn't a good thing for a Bitcoin investment because the price of Bitcoin can go high anytime and the ones who miss it when its price is low will regret that why they didn't invested in it when it's price was already low.

Always plan to reduce your expenses so that no matter how limited your income is, you have the possibility to save a little, and then think about how to invest these amounts wisely. Not reducing needs leads you to be bankrupt before the end of the month or at best with zero debts but without savings, so research what are the things that consume your budget and reduce them, and when you get a surplus you can invest it in Bitcoin or any other investment.

I mean, I say that the problem is not in investing, but rather in your thinking without money.

Everyone has the way they learn. If there is more accessible funds how do you think the rate of learning would be?
It's still the interest that counts. Some got to know about Bitcoin and the opportunity it can offer while they were broke and pennyless. Others learnt how to when they had the cash, and could pay the best brokers.
The one who even learnt while pennyless may have a hard time even making profits for a long time, should he/she stumble upon cash and try to invest in Bitcoin.

The risk takers are the ones who actually profit from Bitcoin trading. Irrespective of broke or rich.

Took me a few minutes to understand the gist of the OP. If you have no money, it represents a complicated financial situation for an uncertain time. Maybe what you learn about investing is not useful for yourself, and it is dangerous to teach others before you get into it yourself.

Not that I'm preventing you from learning early, nor do I know at which stage you'll be ready to put your money in. Learning how bitcoin works is also a form of knowledge investment that should come before real money.

I don't really agree with what you said, because it will be quite difficult for someone to be able to profit from the crypto market using knowledge alone, experience and money are also needed. Moreover, the crypto market is quite difficult to learn, due to volatility and various other factors. knowledge alone will not be enough to be able to face this market, that's why it's important for someone to be able to prepare their capital to invest in bitcoin, it doesn't need to be too big, someone can just start investing with small capital.

so in my opinion between knowledge and money on Bitcoin investment is important. these things must be balanced, so that someone can achieve consistent profit from Bitcoin investment.

Those who don't have money will forget about Bitcoin because they don't have any money to invest in the first place.

Those who don't have money will trying to earn free Bitcoin through Bitcoin faucets, join scam bounties, trade their KYC to earn crypto, sign up on various centralized exchange which have challenge to earn crypto etc.

I don't believe they will learn and read many stuff about Bitcoin, most people will not want to learn something that they will not able to earn.