Topic: Stacking Satoshi Privilege - page 2. (Read 206 times)
Yes, we encourage people to buy bitcoins but we also tell them to buy within their means. I’m sure you have heard the advice “only invest what you can afford to lose”. Someone who has all this challenges you mentioned should be thinking about stacking bitcoins. A gambling addict who is trying to quit should avoid investing in bitcoin by all means because he might likened bitcoin investments to gambling and we know how that goes. Eventually you start to search for coins that can give you x5 your capital. Same thing applies to a person who can barely make ends meet, they will definitely see bitcoin as a get rich quick scheme and ultimately make mistakes that may cost them their investment.
Any investment is impossible without income. And if you constantly do not have enough money, then you will not be able to make any investments, including in Bitcoin. Of course, you can further reduce your expenses by buying a little Satoshi for these cents, but this will not be able to significantly improve your financial situation, even if the price of Bitcoin increases 10 times.
One of the reasons why people love Bitcoin is that they think they can boycott the stage of using their income to invest, many think that joining Bitcoin would give them some sort of imaginary wealth.Yes you can stack some Bitcoin little and slowly but the truth is that your reward would come after you must have endured good deal of patience it's not magical that why I advice getting something that can give you income to sustain your Bitcoin investment
For individuals grappling with debt, overcoming addiction, be it to gambling or any other vicenor simply trying to make ends meet...
Anyone in this situation should be focused on getting their life and finances together before considering investing. You cannot invest in anything if you do not have the means to, and to have the means you need enough income to take care of essential needs and leave a little extra to play with.Bitcoin is not peculiar and is not a privilege, you just need to want it and be willing to put in the work for it.
- Jay -
...Do you think that accumulating Satoshis is a privilege?
Any investment is impossible without income. And if you constantly do not have enough money, then you will not be able to make any investments, including in Bitcoin. Of course, you can further reduce your expenses by buying a little Satoshi for these cents, but this will not be able to significantly improve your financial situation, even if the price of Bitcoin increases 10 times.
We've often heard the advice to accumulate satoshis, invest in Bitcoin, practice Dollar-Cost Averaging (DCA), HODL, and others. However, I can't help but ponder that these actions may be a privilege for those who can effortlessly engage in them. Accumulating satoshis seems like a privilege reserved for those with a stable financial foundation. For individuals grappling with debt, overcoming addiction, be it to gambling or any other vicenor simply trying to make ends meet, investing in Bitcoin might be viewed as more of a luxury than a privilege. Do you think that accumulating Satoshis is a privilege?
Jump to: