Topic: Struggle now to invest in Bitcoin for a bright future. - page 2. (Read 1316 times)

I can feel you my boss but at some point, it takes one who has the capacity to save, to save and invest especially in this difficult period with rising inflation.
Most times, what op has just said, might be easier for people who are already living a comfortable life as I think, everything has changed and it will be difficult for anyone who’s trying to start a life  to easily invest in cryptocurrency and that’s why they always regret at every pump.

I personally wouldn’t speak for others, but the trusty is that, there are a lot of responsibilities that can’t just be neglected and not necessarily giving out help to others and cases like that include health issues that demands constant attention and medication and some family issues, like mom asking for things to be done.
There are a whole lot of us that have been left with greater responsibilities from a tender age without any assistance.

I agree with op that it will be possible to struggle to invest today and be happy tomorrow but I think the purpose of savings and investment is having enough for the future, with this , I think it is those that have what to eat today that would think about saving and investing for tomorrow.

Really many homes are in craving to invest in bitcoin but there is no fund to invest and some are seeing their neighbours are doing well with bitcoin investment and told the neighbours to teach them how to invest and the neighbors taught them all the basic knowledge but on their end there is no funds to kick start the investment. Many people out there are craving to invest but financial obstacle block them not to partake in this social investment benefits. And that is why those who have come to understand bitcoin every well doing all their best to make sure that they invest in it in the dip. So some sell their lands, and other unused properties to invest in bitcoin. Preparing your future with bitcoin investment is one of the good plan in human life. Invest in bitcoin and have a bright future but you must understand entry and exit point in the investment. To the op this is nice peace of writing.

It's a strong reminder to separate our fund for investment and for emergency.

Please give me a chance to remind another thing. People usually mix up their investment and trading fund that is bad. An example is they use an account on a centralized exchange to store their bitcoin. It's a bad practice because centralized exchange is a risky place to store our bitcoin. Not our keys, not our coins.

It also contains another risk, they will mix practice between investment and trading and most of them will use all bitcoin for trading. They fail to hold part of their fund for investment because it's easily to make an order to take profit, sell than holding part of it.

My reminder is they must separate these funds. Investment fund must be stored in their non custodial wallet. Trading fund can be store on a centralized exchange.

You have given very good advice mate. Your advice will create the taste of dreaming in every person. In fact, people's will power is the biggest, if people want, then someone can make the unreal thing a reality. I am also not from a very rich family I am a child of a middle class family my family situation is pretty bad but I will always start saving by investing bitcoins to work in me. I started with Bitcoin even though I had no outside income and now I have built a good profit and increased my investment. As I didn't have a lot of money, I didn't socialize much with friends, I didn't spend much because I didn't socialize much. I did not have unnecessary expenses due to which I was able to grow my investment very easily. Maybe many people may not be like me so those who have high unnecessary expenses can reduce unnecessary expenses and invest in bitcoins, I think their future will be very bright.

Savings for investment and savings for emergency funds should be separated, and make sure that if you save for investment, you will only risk an amount that you can afford to lose. But I have to agree that if you want to prioritize bitcoin investment, stop putting your money on unnecessary expenses. Sacrifice your luxury for the mean time. However, if it means compromising your budget for daily needs just to realize bitcoin investment, then I must say that you are doing the wrong thing already.

Nothing good comes that easily,  investing in Bitcoin is a good thing and it is not something that we can just do easily without taking sacrifice. Investing in Bitcoin one needs to be discipline and deny some expensive lifestyle that will deprive one from investing. If you are thinking that investing in Bitcoin is very difficult after sometime you will discover that it something that should be done with the money wasted on things just for pleasure sake. Bitcoin can be invested by determination,  good decision and good management of money by being very conscious how money should be spent, instead of thing without any value,  it should be invested on bitcoin and in the future it will definitely yield good income.

That's not the case with everyone. Everyone isn't able to afford things that aren't on their lists in a certain month after getting their income but they barely manage to have everything covered that is on their list of things to buy or do. For such people, it's not possible to make investments or even have savings that they can use for investments shortly. Those who can afford to do this are lucky but they don't realize it.
If someone has money and is spending it on useless things or things that aren't completely necessary for them to do or buy then they are to be blamed for not using that money on things such as Bitcoin investment or savings because they are going to regret this in the future.

One thing is certain, time cannot be turned back. As long as they have the desire to fill their wallet with Bitcoin, there is always a way to get it. Lack of money is not an excuse, at certain times those with low incomes can still afford things that are not on their list of needs. If they try to reduce their selfish nature by changing their views for a better future, they can use the money to buy Bitcoin.
The ease of investing in Bitcoin really helps anyone who wants to save it, those who have a limited amount of money can still get Bitcoin because it can be broken down into smaller parts or what is better known as Satoshi.

Investors with such mindsets forget that a room was not actually built in a day, procrastination is an enemy of success, obviously many investors want to dive into the market big and get out bigger, thereby standing on the sidelines and waiting for when they will buy a whole 1 Bitcoin, forgetting that time is precious and it does not wait for anyone, even as we speak many are hoping that BTC will go down to $25k so that they can buy, and they will keep waiting until they see Bitcoin at $100k, and these are categories of investors that usually FOMO in at the top and get crushed and would later call Bitcoin a scam because they don't understand the market.

I dont think anyone cam manage to invest in bitcoin without been able to provide for his basic needs at least and in some countries the economy is so bad that one needs to hustle to a level before he is even able to take care of his basic needs and then start thinking of investing in bitcoin.

I think that anyone investing in bitcoin should be for the long term hold, and for any person to successfully hold for long it require some level of financial balance and disciple, he/she has to have an emergency funds for cases like health issues or even unforseen circumstances that can occur that would lead to him selling his holdings to survive.

The best way to invest is when we have our emergency funds well build and then we are sure that we can manage our expenses to create room to invest or allocate a little amount to buying bitcoin weekly using DCA method.

To invest in Bitcoin must be supported by existing income without having to reduce basic needs, and this is a problem for most people. However, it all comes back to their determination to be able to invest in Bitcoin according to their abilities, because Bitcoin is a very promising long-term investment and can guarantee a better future from a financial perspective.
And if they really want to do it with real determination they can definitely do it, by increasing their income by having a side job or additional income with their existing abilities. And the amount doesn't have to be large, they can do it when they have enough money from side jobs to be able to save and also invest in Bitcoin regularly. Even though we can only save and invest small amounts, if we consistently do so it will be large in the long term and these savings are intended for emergency funds without having to involve Bitcoin investments.

Whatever you said is true, however, not everyone can have the privilege to invest in Bitcoin frequently or even once. Most people these days don't earn enough so they can cover the monthly expenses of their household, have some savings, and then be able to invest in Bitcoin, and I don't think one can cut down their monthly expenses so that they can have more money to spare so that they can invest in Bitcoin, and if one can do that, it can undoubtedly be beneficial for them in the future.

If one says that they shouldn't have savings and invest that money in Bitcoin, I wouldn't agree. Your savings are for personal uses and mostly for emergencies because you can't sell your Bitcoins when you face an emergency, especially if by that time Bitcoin is down and your investment is at a loss.

Bitcoin is undoubtedly one of the best investments that anybody can put their money into now, especially because you don't need to start it with a lot of money, you can start at your own pace, meaning that the investors can be doing DCA method and be gradually accumulating and holding it. Anybody that is privileged to know about Bitcoin, will understand that instead of saving their money in the bank, where the value can depreciate if the local fiat currency devalues, as in the cases of some countries now, it's better to buy Bitcoin and hodle because despite it's price fluctuations, it's value will keep increasing in the long run.

Every average income earners should try and do DCA method to accumulate and hodle till bull run, because from every indications, within one year from now Bitcoin will more than double it's current price now and hit over $100k. Sow in tear now and reap in joy and happiness during bull season. You can also check related topic that I started in Nigeria local board. https://bitcointalksearch.org/topic/m.63668968

The fact here is choosing bitcoin investment is a good choice for everyone who can understand and invest properly, students, workers, parents etc. They're some common factors stopping people from investing and sometimes people just have to endure those suffering to accumulate meanwhile students face difficulties with their investment.
Some of the difficult stories I see online are mostly students and we all know the pressure and expenses that comes with being a student, my little advice is students should learn skills and render their service to other students and get paid in return, by so doing that student will have extra money to buy and hold. Nothing comes so easily likewise bitcoin investment and if anyone wants to invest, some certain habit of spending unnecessary will be set aside in order to accumulate bitcoin.

Yep, I think this is the right thinking, but not everyone can do it even if it's just saving a small amount of money every day. This is a basic investment lesson that many people ignore, thinking that we need to have a large amount of money to be able to start investing. Maybe they didn't take into account compound interest when we accumulate and invest regularly, no matter how much money we have, after many years we will probably be able to achieve an amount of capital that we never thought of before that we can achieve.
What prevents us from being able to approach this investment method is patience. Maybe you will be interested in saving for a few months, but when have something needs money, we allow ourselves to skip investing a few months, and then quit investing altogether. Bitcoin is an investment market that I think allows us to dream of great growth with a small initial amount of money, unlike markets that require a lot of initial capital like real estate, so this is the market is very suitable for people with small capital.

You just said what I have been doing it since all this while. As a student I have invested enough bitcoin and I am well prepared for the bull market and the All Time High. This you thread is an another way of encouraging those who are not doing well or have not invested in bitcoin to start their investment journey now. Because it is not too late. I also started my investment journey on the first of January last year 2023 and from there I was depositing some percentage from my well allowance to invest in bitcoin and today I am smiling.

And I am also joining hand with good faith with the op to tell others who still struggling to invest because lack of funds to start by budgeting yourself with any amount of money you get in the week or monthly to start the investment or you can even use DCA.

DiMarxist.

One should struggle at first and find great rewards in the future. Even those rich people in the society, I believe they also have their means of struggles so that bitcoin investment will be possible, if it's not money, most likely the time they will spend to study and analyze bitcoin in the market.

I think in all types of investment, if you seek for future success, you should have to sacrifice at the moment so you can gain its benefit in the future. Not only for bitcoin but in different life's attempts, one might be struggling for the mean time and reap its rewards when the time is right.

The inflation in the world currently is not welcoming at all from region to region. To make money now can be very difficult putting extra work to make sure that we can save something for the future. The market now is doing very well which is a great opportunity for people that have investment that are holding. The nature of things this time around is not welcoming. Once has to keep hustling to make sure that we'll stay fine paying bills and making sure we have something to hope on for the future. The crypto market is a joy giver to the world not minding what some ignorant people keep talking about the market of been too risking for a little investment.

Honestly it will exactly depend on people's conditions.
Some people may not really or can't set aside money for investment. Not because I forgot, but I just can't. Because it's still difficult for daily needs and also important needs in real life, let alone thinking about investing. Because I experienced this at the beginning of my marriage and before my first child was born. I was already familiar with Bitcoin at that time and really wanted to invest. However, it is still very difficult to eat every day, especially with the health costs and house rent that have to be paid every month. It was sometimes more than suffocating. The hard efforts made and even lack of sleep cannot fulfill this wholeness.

Indeed, we cannot deny that investing in Bitcoin is very profitable and has the potential for a brighter future. And thankfully in the past few years, I have been able to do it. But once again, this will probably depend on each individual situation. And there will definitely come a time when someone can really invest in Bitcoin, with a truly prepared situation, both financially, mentally and also with insight into Bitcoin to reduce the risk of fraud and so on. Because a person's readiness must not only be measured by capital alone but also by several other preparations.

Sure, everyone has the chance to invest in Bitcoin if he tries to make true. Even though someone has a financial problem, he must solve it someday. When there is a little amount of money to use, he/she can use it for buying Bitcoin. However, he/she must prioritize the main necessities first before buying Bitcoin. Well, there is no advantage to blame the financial situation. What we must do is to solve the problem. Investing is one of the way to deal with the financial problem in the future.

Agree. Trust is needed when we decide to invest in something. Without a trust in Bitcoin, it is difficult to put money on the Bitcoin. We must avoid to invest in Bitcoin if we have no trust on it, right?