How not having money helped my Bitcoin journey - page 2.

crunck

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Quote from: Casdinyard on April 15, 2023, 02:58:58 PM

I get how money could still be of a hindrance to some but it's not impossible you know. Just need to find the drive and resourcefulness

It can be said that money is a problem for all of us, but the difference is that each person will have a different way of solving problems. Some lazy people refuse to work for money, and always whine about everything. Some people work hard to overcome current difficulties.

Gallar

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I agree with your opinion, your journey regarding bitcoin is very inspiring to me. But I want to ask, when you were how old were you familiar with bitcoin? did it ever work? and where do you know bitcoin. If you know bitcoin at a time when bitcoin is cheap, if you buy it, you won't get a loss either. Because you can see for yourself the price difference on bitcoin, in the past and at the present time. Because if I could go back to the past, to the time when bitcoin was still cheap, I would force myself to buy it even if I had to ask my parents (but that's just my imagination), because I like to regret it when I remember when I first got to know bitcoin, maybe when I was still in high school, so I didn't think about the long term.

Congratulations on your success in investing in bitcoin.

xSkylarx

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Quote from: Sorryfor on April 15, 2023, 06:18:20 PM

I would have made a lot of money by now if I had been investing since then as long as I have known about Bitcoin. But the sad thing is that at that time I didn't have any money to invest in bitcoins. I spent time studying when the price of Bitcoin was off the charts. And spent all the money I got from my family at that time towards my studies. But if I had started investing with a small amount then surely my life would have changed a lot by now. However, now is a good time to invest in Bitcoin, so take advantage of the opportunity.

All of us regret it, but we haven't noticed it. Everyone of us, if they knew that bitcoin would hit the current price for sure way back in 2010, would have already bought bitcoin and held it for more than 10 years, then they would have gotten rich. I was also studying at that time, but if ever I do have internet that time like how I used the internet today, I'm sure I'll stumble on bitcoin, but the problem is that the old me will be buying it as I really didn't have money that time.

LogitechMouse

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Quote from: Z390 on April 07, 2023, 06:08:12 AM

I had no access to money when I knew about Bitcoin, I had the desire to acquire many Bitcoin but I have no way, instead of moving on with my life I kept myself busy, reading and reading about Bitcoin, installed my first Bitcoin wallet on a Pentium 4 PC, I knew about Proof of work, I tried mining for the first time using a dual-core PC ( second PC ), if I have enough money to invest I wouldn't have had time for all this learning.

Dual-core PC? Mining Bitcoin? You mining it using a Pentium 4 PC?
I'm not a miner, but if you are one of the early adopters of Bitcoin who mined on the early stages of it then you can mine it using that kind of PC, but if you mined it at around 5 years ago, I don't think it's possible to mine using that kind of PC. Please correct me if I'm wrong because I would be happy to be corrected.

Quote from: Z390 on April 07, 2023, 06:08:12 AM

If you don't have the money yet, maybe because you are jobless or still in school, do not let that be the reason to be out of Bitcoin, there is more you can learn that will help you in your crypto journey.

Money is coming, but be prepared by learning about Bitcoin, you will be in safer hands with the knowledge you would have acquired.

We've experienced the same.

I just graduated from college 5 years ago, and I find myself jobless for around months. That's the time where I started to learn Bitcoin thru reading here, watching documentaries, and watching different videos on Youtube. Giving myself some of my free time watching and reading every single day really helped me to gain more and more knowledge about crypto. Having no money at all didn't prevent me in learning at that time because I wanted to learn. I wanted to earn yes, and we all are, but instead of earning first, I did gain some knowledge first. I did earn thru bounty campaigns back when I was a newbie, but aside from doing that, I'm also gaining, and gaining knowledge every single day.

You not having any money mustn't be the reason why you will not learn Bitcoin.

Hamza2424

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Quote from: robattfield on April 07, 2023, 11:16:18 AM

I want to say this to OP, basically money is very necessary in life but sometimes it is necessary to look at the real essence of the problem. Knowledge helps us to achieve everything, and the necessary preparation for newcomers is to equip them with the basic skills and knowledge of the market. Sharing how to make money in this market makes me always feel self-limiting, if you don't have money then don't force yourself to buy anything, learn instead.

Haha well, this is one of the replies I enjoyed much o this page.... Grin

Self-limiting please explain.. On the side, you are saying that don't force yourself to buy anything because you don't have money (How he is gonna buy it then (except debt)). At the same time, you are talking about sharing how to make money makes you self-limiting How?

Bro if someone is teaching you how to earn from the market then you should pick it up and try it because if it didn't work even if you've got experience and you've lost nothing. "Lear Instead" how as you said it makes you feel self limiting.

Sorryfor

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I would have made a lot of money by now if I had been investing since then as long as I have known about Bitcoin. But the sad thing is that at that time I didn't have any money to invest in bitcoins. I spent time studying when the price of Bitcoin was off the charts. And spent all the money I got from my family at that time towards my studies. But if I had started investing with a small amount then surely my life would have changed a lot by now. However, now is a good time to invest in Bitcoin, so take advantage of the opportunity.

inthelongrun

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When I started my bitcoin journey, I invested some money because I do not have much idea about earning bitcoins online. Also, the people around me convinced me that I should also invest money into crypto, particularly in bitcoin due to its high potential. They also invested money when they start their journey. Later did I knew that there are many activities that will let you earn money in crypto. Then I started to join groups on Facebook and met a lot of people that are into the crypto industry and many of them did not even spend money to invest yet they were already holding some bitcoins and altcoins. This indicates that a determined person can own bitcoin too thru its knowledge and skills.

_BlackStar

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Quote from: The Cryptovator on April 15, 2023, 03:41:51 PM

From what I understand, you have been earning a decent amount from participating in Signature campaigns, which is possible when one is willing to learn.

Even the OP has been making $400 per month since his first post, and he has $300 saved to invest. So I think the OP's financial condition here is pretty solid even though he's made nothing out of the signature campaign.

Pay attention for this:

Quote from: Z390 on March 26, 2022, 07:25:15 AM

Is there anyway to increase my IQ about which crypto project to invest money on?
I make 400$ every month and I can save up to 300$ per month what exact amount is good for crypto project investment?

Of course the best thing about OP is his desire to learn. You will earn from whatever you do consistently, even though it may not be worth your time and effort. Even you will notice that not all of the Legendary here are making the $400 per month you originally stated ^{[like your first post],} so I think your path of progress depends solely on how you develop that investment strategy.

famososMuertos

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This is the classic post of enthusiasm that must be had for any situation in life, the formal study is the beginning not only to have access to sources of work, it is of social and moral formation.

Now, for Bitcoin when I read these passionate posts, OP, honestly, first all, it is Really justified to say: I had no money and second, you have to delve so deeply into Bitcoin at an academic level to have it, so in both cases the answer is no.

Please! There is that Demystify this type of opinion matrices that want to show that, firstly, you have to have a lot of money to invest in Bitcoin and secondly, you have to be versed in Bitcoin to invest.

Ok, it is true, you have to learn certain basic concepts and if it is good to invest money that you do not need for your expenses, but we return to the point of the passionate OP, start with a small investment and in that process Read and find out about how to be part of Bitcoin, It is easy.

The Cryptovator

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From what I understand, you have been earning a decent amount from participating in Signature campaigns, which is possible when one is willing to learn. It's important to have proper knowledge and skills to earn in this field. Making excuses is just a way to avoid dealing with Bitcoin. However, if you set a goal to buy or earn Bitcoin, nothing can stop you. When you first joined this forum, you were not aware of the signature campaign, but you made an effort to learn and improve yourself. As a result, you have earned crypto from various sources and have become established in the field.

imamusma

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Quote from: Mate2237 on April 15, 2023, 01:09:34 PM

Op I really like your thread, I don't know why newbies always come here to say they need money to invest or they need someone to invest with them.

Besides not having the money, it's very possible for most beginners to not have the knowledge and good means to start learning other things like the OP did. Laptops might really help OP develop knowledge, learn other things that can produce (mining bitcoins), but what about beginners who only have Android with low RAM capacity for example. So in the end the case of the OP and other newbie will be very different, but when someone has the will then surely the way is open for them.

Quote from: Mate2237 on April 15, 2023, 01:09:34 PM

Now the question is will they invest or buy bitcoin before learning bitcoin, how can you invest to business you know nothing or have little knowledge about. Those who are always asking people to invest with them or for them are not even Investors bit passerbys. Investment needs determination and knowledge about the business very well. So reading books is the major thing in the crypto Investment and not just coming to make noise.

The main context is having knowledge before investing in anything they are not familiar with.
Of course that is the best advice when starting out, but regardless, almost the average beginner these days comes to crypto because they had a mentor or someone who invited them. I don't see them making a fuss about it, but since some of them aren't well-informed it's worth the community to address it with some constructive advice.

Casdinyard

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I think I speak for everyone here when I say that we all came from humble beginnings here (save for a good percentage here who were already balling even before bitcoin and crypto) so I don't think it should be that great of a concern if you don't have money to start with in bitcoin. I myself started my bitcoin journey with not even a dime on my name. Just worked my ass off starting with this forum and its abundance of signature campaigns and that's it!

I get how money could still be of a hindrance to some but it's not impossible you know. Just need to find the drive and resourcefulness

Mate2237

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Op I really like your thread, I don't know why newbies always come here to say they need money to invest or they need someone to invest with them. Now the question is will they invest or buy bitcoin before learning bitcoin, how can you invest to business you know nothing or have little knowledge about. Those who are always asking people to invest with them or for them are not even Investors bit passerbys. Investment needs determination and knowledge about the business very well. So reading books is the major thing in the crypto Investment and not just coming to make noise.

darkv0rt3x

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Quote from: Z390 on April 07, 2023, 06:08:12 AM

I see how some newbies are complaining about not having enough money to invest in Bitcoin, some times not having money is a blessing in the crypto space, if I had money years ago when I knew about crypto I would have made all the possible mistakes in the book, and that would have cost me a lot.

I had no access to money when I knew about Bitcoin, I had the desire to acquire many Bitcoin but I have no way, instead of moving on with my life I kept myself busy, reading and reading about Bitcoin, installed my first Bitcoin wallet on a Pentium 4 PC, I knew about Proof of work, I tried mining for the first time using a dual-core PC ( second PC ), if I have enough money to invest I wouldn't have had time for all this learning.

I got so calm, because what is there to rush about? I have no money anyways, since that time learning became my first priority.

If you don't have the money yet, maybe because you are jobless or still in school, do not let that be the reason to be out of Bitcoin, there is more you can learn that will help you in your crypto journey.

Money is coming, but be prepared by learning about Bitcoin, you will be in safer hands with the knowledge you would have acquired.

This is also kind of my spirit. I don't have that much money to buy Bitcoin like if there was no tomorrow, also because I have expenses every month, so I spend some of my time learning things about Bitcoin and Lightning Network. Of course I would love to know 10x more because I still know very little. But, this is a marathon, not a sprint race. So, I buy Bitcoin monthly and I learn as I need and at my pace! I also try to speak out about Bitcoin to friends, work colleagues, etc!

Outhue

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Good lesson, I made almost all the mistakes available in crypto investment, from getting scammed online through phishing links to investing in HYIP projects, you are lucky to have no money when you are hooked on investing in Bitcoin,

I learned most of all I knew about Bitcoin after making mistakes, there are too many scam projects in crypto space and I did learn the hard way, now I lose less money to none but my mistakes costs me a lot, few my father was aware of and he kept it a secret from my mother, he said I should keep trying that mistakes is how we learn.

If everyone can go on the same road as OP many people won't make stupid mistakes that will cost them all they have or almost all they have, once newbies heard that someone made a lot of money from a project they will want to risk all they have and that might be the time the scammers will decide to rug pull.

Knowledge is the only way to get through dangers and red flags in the crypto space, ignore money making first and trying learn, leave the money making for later.

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Quote from: Wiwo on April 13, 2023, 05:27:27 PM

Quote from: serjent05 on April 13, 2023, 05:19:44 PM

I think the reason for this is that @OP is desperate to have extra source of fund if not looking for the main source of funds. The main motivation why many of us here are giving and trying our best to learn and engage in the Bitcoin economy.

Ops point could have been better understood if he said not investing in altcoins instead of saying Bitcoin, because not investing in Bitcoin in the early stage is more of a disadvantage than it is an advantage unless you bought at the all time high, but aside from that, it's 100% better to be early that late.

True that, most altcoin investment looks like a Ponzi or a HYIP scheme to me. Those who invested in altcoins often ends up losing because many of them are created just to milk investors or run away the money invested on the project. Most altcoin strategy is to make investors wait while promising too good to be true roadmap and plans. So it is really best to ignore altcoin investment if we plan a long term holding which suited Bitcoin market. Aside from that Bitcoin has strong liquidity.

Quote from: Wiwo on April 13, 2023, 05:27:27 PM

What makes Bitcoin different from others is the fact that with Bitcoin even a newbie with no knowledge of Bitcoin can simply buy and hold Bitcoin for the long term without much fear or risk of losing everything, but the same can not be said of altcoins, most altcoins we know before are no longer available in the market today because of one or two things which as basically the characteristic of altcoins.

True, but still we shouldn't tolerate such idea, newbies should be well equipped with knowledge before jumping into any investment. This way they have the knowledge to solve any difficulties they encounter along the way of their investment.

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Quote from: sulendra12 on April 14, 2023, 05:16:57 PM

Quote from: Z390 on April 07, 2023, 06:08:12 AM

I had no access to money when I knew about Bitcoin, I had the desire to acquire many Bitcoin but I have no way, instead of moving on with my life I kept myself busy, reading and reading about Bitcoin, installed my first Bitcoin wallet on a Pentium 4 PC, I knew about Proof of work, I tried mining for the first time using a dual-core PC ( second PC ), if I have enough money to invest I wouldn't have had time for all this learning.

Kinda similar when I was first time actually got serious to learn and want to do something with Bitcoin. Started with nothing but laptop and mobile data for my internet purpose. Started from faucet where it actually paid decent than these days, that day was really precious because stuff was easy that day especially claiming from faucet where you could get paid decently from that and learn things from there.

It's true that when you start from zero, you don't have any feel of rush because originally it starts really slow so you can get used to do it with the pace you can make and make the process/result really worth at the end.

Everyone used to have similar experience. At the beginning our mind always think of making big money. At some point we'll realise it is hard to invest as the price is really high. Only thing that could give hands is learning and the other way is to think of having some unique ideas with bitcoin acceptance. Maybe the learning won't bring instant money, but it'll surely help in the long run.

Starting from the scratch let you explore and learn perfectly. There's a statement, slow and steady wins the race. That is what the reality when we acquire knowledge and experiment things to master it.

sulendra12

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Quote from: Z390 on April 07, 2023, 06:08:12 AM

I had no access to money when I knew about Bitcoin, I had the desire to acquire many Bitcoin but I have no way, instead of moving on with my life I kept myself busy, reading and reading about Bitcoin, installed my first Bitcoin wallet on a Pentium 4 PC, I knew about Proof of work, I tried mining for the first time using a dual-core PC ( second PC ), if I have enough money to invest I wouldn't have had time for all this learning.

Kinda similar when I was first time actually got serious to learn and want to do something with Bitcoin. Started with nothing but laptop and mobile data for my internet purpose. Started from faucet where it actually paid decent than these days, that day was really precious because stuff was easy that day especially claiming from faucet where you could get paid decently from that and learn things from there.

It's true that when you start from zero, you don't have any feel of rush because originally it starts really slow so you can get used to do it with the pace you can make and make the process/result really worth at the end.

Wiwo

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Quote from: Marvell1 on April 14, 2023, 05:36:10 AM

You have shown the difference when investing in bitcoin vs altcoins. But for those who are not knowledgeable about bitcoin, buying bitcoin at a high price and holding it for long is impossible. Newbies will be shocked and panic if they see bitcoin dumped and lose 70%-80%, they will also sell it in panic and heavy loss. Having money without knowledge should not invest in bitcoin, investing without knowledge is like gambling, only investing with what you understand about it.

Entering Bitcoin at the pick of the market is not good to do not only for newbies but everyone, bitcoin is best purchased when the price is low because that is the only way you can get some discounted price.

But if you enter when the price is high there is a high possibility that it will end in losses for you or you have to wait for a long time before you see profits because the market must first recover before it could make any more significant positive profits for the holder.

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Quote from: Z390 on April 07, 2023, 06:08:12 AM

I see how some newbies are complaining about not having enough money to invest in Bitcoin, some times not having money is a blessing in the crypto space, if I had money years ago when I knew about crypto I would have made all the possible mistakes in the book, and that would have cost me a lot.

I had no access to money when I knew about Bitcoin, I had the desire to acquire many Bitcoin but I have no way, instead of moving on with my life I kept myself busy, reading and reading about Bitcoin, installed my first Bitcoin wallet on a Pentium 4 PC, I knew about Proof of work, I tried mining for the first time using a dual-core PC ( second PC ), if I have enough money to invest I wouldn't have had time for all this learning.

I got so calm, because what is there to rush about? I have no money anyways, since that time learning became my first priority.

If you don't have the money yet, maybe because you are jobless or still in school, do not let that be the reason to be out of Bitcoin, there is more you can learn that will help you in your crypto journey.

Money is coming, but be prepared by learning about Bitcoin, you will be in safer hands with the knowledge you would have acquired.

There are always some ways to earn extra money even though you're still a student, a do a lot of extra work on photoshops, and video editing when I'm still a student, and some of that money I used to invest in Bitcoin.

In 2018 I think I join signature campaigns as well and most of my payouts are invested in Bitcoin, Saving some of your allowances would do if you really want it, it was just a small amount so it doesn't matter if it's a risky investment. Also, that's why we have the forum, we learn a lot in the forum not just about Bitcoin as well as how to earn Bitcoin.

Topic: How not having money helped my Bitcoin journey - page 2. (Read 686 times)