Topic: I want to fulfill my mother's dream of building a house with Bitcoin. - page 3. (Read 1507 times)

that's a very noble goal. I am sure that you can build a house for your mother. The advice I have is, stay patient in seeking profits in utilizing crypto, or in any other work. Use money you are willing to lose when it comes to trading and investing. Try to find a job with a monthly salary, even though the salary is not too much, you can use it to meet your needs, and use it as additional investment capital.
Always do in-depth research into what you invest in, and don't be greedy. some other suggestions are that you need to be patient, do development little by little. I hope you succeed buddy.

You know, most of the young people today seem to think the world owe them something, but that is a big mistake. I take my hat off to the ones that are willing to put in the hard work to achieve their goals.

I started working a month after I left school and I paid for my own studies from that salary and then earned more money to pay for more education and then applied for a better job with a bigger salary... I bought my own car and I bought my own house, without the help of my parents.... and that is how it is supposed to be.

I do not know where things have gone wrong, where children seem to think that the parents must pay for everything. 

This can depend on what country and culture that OP has grown from because if OP came from a culture that always returns the favors and debts they have from their parents or just the culture of giving back to your parents especially if they were good to you and they have raised you well then it's likely that OP won't mind doing just that. I do see your concern too that OP is still a student but I see this as a motivation for OP to try harder in his studies to try, if you're good at school then you can expect that your chances of getting a good job or career will be much higher.

As noble this plan is, I say that you should build a foundation of wealth for yourself first before giving it all back to your mother because you don't want to be left destitute after all you've given, make sure you can still live on your own and be able truly independent.

Truth be told, that is also my concern, but maybe he is just starting in trading and gathering more knowledge and experience; without experience, he would not know how hard it is to earn using trading, and sometimes mistakes can serve as a lesson so you would know it in the future, but of course trading is very risky. As you said, OP could lose all its capital even in just one wrong trade.

But of course we can't stop or let the OP lower its spirit; what we can do is cheer for him to achieve his goal, as that goal is dedicated to his mother, which is a great inspiration. I just want to advise that whenever the OP loses a trade, don't chase your loss. If you lose a trade, then rest, stop, and rethink why your trade failed. You need to always do a checkpoint before you can go forward again.

Yes it depends on the trading skills to get the best out of the training. So if the op doesn't have good trading skills then he won't be able to trade well. And if he is not able to profit from the trade, his dream of holding bitcoins will not be fulfilled and if this dream is not fulfilled, he will not be able to fulfill his dream of building a house.  So he should leave the trading plan and invest directly in Bitcoin according to his ability.  And to continue this investment. Investing $10-20 a week would be a good DCA. And thus he can fulfill his dream of building a house if he continues his investment for just a few years

I don't know how deep your trading skills are, but hopefully, they are sufficient enough so that when you do it you won't be surprised that trading is not a money-making machine that will always make your money grow, in fact you will have the opportunity to lose capital if you only enter a trade with low skills.
Saving Bitcoin that you get from another job will be much better than using it as capital for trading, but whatever it is, hopefully, your plan goes well and you can achieve what you have targeted to be able to build a house for your mother.

If you have such a plan then I think it is a long term plan. Although it may take a long time to fulfill your dream because if your financial condition is not good then it is never possible to fulfill such a dream. But if you try to fulfill your mother's dream then surely you can do it and succeed. If you have good knowledge about trading then it will be possible to make profit if you have little knowledge about the market then don't trade it will be risky for you. Trading does not always enable a person to reach the profit target but often leads to losses as you must do in Bitcoin when trading. If you are trading any coin other than Bitcoin there is definitely a possibility of losing money so always think about Bitcoin. When you have a good fund saved you will definitely choose a good time to invest and develop patience to hold it. If you plan for long term and keep investing for long term then you can definitely fulfill your dream and you will get double amount from bitcoin to fulfill your dream of owning house. And I hope you have good luck with this bitcoin journey and may this dream come fast. May you fulfill and live happily in peace with your family.

Sounds ridiculous. Because building a house is not as easy as imagined and also requires a large amount of capital, and although Bitcoin can make it happen, it is not as easy as imagined and requires time and patience to make it happen.
And trading or investing in Bitcoin has risks that result in plans not meeting expectations, so you have to think carefully and also have sufficient knowledge about Bitcoin. And I'm not discouraging you, but you also have to prepare what you have to prepare before doing it so that everything runs smoothly.
Do you already have a plot of land?
If yes, then it will be easier because you only need a building. Otherwise, the process will take longer unless you have large capital or you can buy Bitcoin gradually in large amounts which will yield huge profits in the long run.
And I pray that what has been planned can be achieved and according to hopes and enthusiasm.

We all have wanting in life mate but the problem is how we will fulfil those dreams and wanting !!

Have also dream but not a mothers dream instead "A Dream for my Mother" and it is much better sounds reality to everyone
and not a merit farming stories .

and also Why ask us to pray for you, Prayer is not others praying for us but for us to pray for ourselves
and of course to follow what good footsteps God has .

If you wanted to have a funds for education then better to work for it , help your mother for not being
LAZY and not leaning on them , work hard , work better.

I have seen many people think about that option and it is not a breakthrough option, everyone thinks about it and wants to do it. But the question is, is making profits from trading as easy as we imagine? We all know that trading is difficult and it is not for the masses, not too many people can make money from trading. That's also the reason why everyone often advises each other to do their main job and save money for long-term investment. I really don't believe that OP has enough knowledge and can make profit from trading, what he said makes me feel like he is a newbie.

It is easy to make a plan, making it happen is the hard part.
Only few could stick to their plan because after a couple of days or months they would stop on doing their plan, I just hope that this wouldn't happen on OP.
And also for OP you need to manage your funds well in order to make your mother's dream come true, if you would work and save and invest at the same time I believe that you could achieve it, but don't rely too much on crypto you also need to have a regular income to support your needs.

op did say they plan on investing in the long-term
it seems like they might not have the capacity yet to invest in the long-term but buying bitcoin right now to hold is probably the best idea

gaining profits from trading to potentially invest for the long run seems like a solid plan to me but if you have money to buy bitcoin right now it’s recommended that you buy btc alr you don’t have to invest huge amount of money yet you can slowly build it up

It is true that you have gained enough knowledge about trading but trading has as many ricks as you get benefits. So rather than trading, I suggest you invest for the long term. Because the possibility of going down a bit from the current Bitcoin market is very high. So if you have little patience and invest for long time then you will get success. Because if you invest for a long time, you will definitely get more benefits, the risk is much less. If your dream of building a house will come true then you invest for a long time.

For someone to earn in Bitcoin, it does not mean that you have to trade in the market. You can decide to be a Bitcoin holder for as long as possible. This is one of the ways to earn more in Bitcoin and huge profits when the bull market comes to us. There are people that are only after buying and accumulating Bitcoin for a long time because the market is still going to be bullish soon. If op is earning in Bitcoin just like some of us that are in signature earning weekly and keeping there Bitcoin for when the price of Bitcoin is going to be bullish, this is one of the ways to hold for the bull market.

I know some people personally who built their houses from the profits they had made from crypto in general including bitcoin of course. Depending on how you manage your finance and how big the house is, it is very possible. If you are a newbie, it would be better if you accumulate knowledge first and apply it to the market. I believe that it is still not too late for us to start our crypto journey and fullfing the goals that we had set.

It sounds ridiculous but has a high moral message. I personally am happy and support your dream and pray that this good intention will soon come true. The most important thing is that if you have written it, it means you are ready to carry it out and it will be the most beautiful gift you can present to your beloved mother "Building a house with Bitcoin". (Don't forget that the house design must use architectural working drawings.) However, it's different if the OP is married, but if you are good at managing it, I think it will be easy for you to adjust later.

I agree with this, cause it would be better if you don't rely to Bitcoin alone to achieve your dream. Since there's a lot of ways to earn money or profit like in other investment, such as business, gold, forex and etc. Cause we know that there's still no guarantee that we would expect Bitcoin to increase in months or it might take a lot of years. So if you're planning to build a house for just few years, then having alternatives would be the best thing to do. Or having extra money sources and side hustles to have extra spare of money for investment as well. Well everything has a risk, if you put knowledge and played it right as you follow your plans, then it would be good. If it might not follow your plan, then for sure you'll have to make plan B for that situation.

Dreams really do help us move forwards, dont they? It is very important that you see a house not just as a building, but also as a possible home and property. Diversification is very important for someone who is really into the crypto waves. Even if the predictions look good, its important not to put all your eggs (or bitcoins!) in one box.

Have you thought about what changes in property values mean for changes in cash and Bitcoin prices? To get around in both old and new economies, you need to find a balance between real assets like the house and digital assets like bitcoin and others. It is important to keep your goals in check when dealing with bitcoin, especially since it is so volatile. Chance and luck can play a role, but careful planning always wins.

It's good to have dreams and goals in life, without them it would be hard to endure years of saving and cutting back. Owning a house is also one of my dreams and if you can help to fulfil your mothers dream than you should definitely do so. A house is a long term investment, it's not only for your parents but eventually also going to be your house. Keep that in mind when you are building it, maybe you have a some wishes yourself for a special layout or a particular room. Now is the best time to include everything you want, because eventually you could live in it yourself. I don't know how much money you are making with trading each month, and I also don't know how much money you need to build a house in your country. Keep up saving your money and your bitcoin investment is going to help a lot, but be careful when you have a fixed price that you need bitcoin to reach in 4 years. There can always be setbacks and the price could drop again. It would be helpful to have different income sources, maybe you can also save some money from your job each month to make your savings grow faster? Good luck with your mother’s dream.

Good luck with that bud and you should really be that be having that strong self control and discipline towards your spending or with your holding with those coins. Having this kind of target or goals will really be giving out some inspiration to pursue it out and would really be that giving you that perseverance on which we know that it might not be an easy thing but there's nothing impossible as long you do work hard for it.
We do know that investing with Bitcoin wouldnt really be giving out that kind of assurance and guarantees that you would be able to hit it up and everything would really be according on how much you had
invested on the first place. If you have saved up Bitcoin less then expect that even on a bull run period then you wont really be making significant and this is why it would really be always reflecting on how much
you had accumulated.

We do have all that kind of wish and targets in life and as a son/daughter who are really that seeing with our parents sacrifices and does have plans to give back then normally we would really be
having this kind of goals and targets on which it would really be just that normal to mind but having those challenges is never been easy but doesnt mean that its impossible.
Just continue on what you are doing and maybe one day then you would really be able to reach and make those wish happen.