Topic: Struggle now to invest in Bitcoin for a bright future. - page 4. (Read 1463 times)

Yes, this is totally correct. Based on my prior experiences, I don't have enough money to support myself on a daily basis. As a result, I constantly save money and can determine whether the purchases I make will help me financially or not. In the short term, I prioritize needs before wants because I can't afford to buy the things I really want, and I have to look for the cheapest price to save money. However, after learning about bitcoin, I became curious and gave it a try. Fortunately, I am able to say that it has greatly benefited my financial situation and has allowed me to purchase both my needs and wants. Despite my prior knowledge about bitcoin, I continue to manage my finances and save money for the future because we can never predict what's to come. I realize that in order for us to survive in this day and age, we must learn how to be resourceful and make the most of the limited time we have. 

Life sometimes does not live up to expectations, lack of funds due to low income can sometimes lead to a feeling of hopelessness which can make a person lose motivation in life. Giving up is not the solution when they are in a situation like this, they have to do something to change their lives in the future, confidence must always grow within them that they are close to success. Avoiding unnecessary spending can help build finances in the future, this money can be used to invest by applying simple methods such as DCA, this strategy really helps with the discipline of investing the same amount of money every period.

It's easy to invest in Bitcoin because it can be divided into small units (satoshi), to start investing you don't need to invest a lot of money, you can get Bitcoin with an affordable nominal amount of money. Investment decisions made now will have a big impact in the future if they are carried out regularly and consistently.

In my opinion, investment is the same when you press any button but the main thing is control of money is very important then the money doesn't control you. One important step is to control your spending while you have a low investment that control will help you in the future with any type of regret. I think in low salaries countries and my country, Pakistan people are spending on Bitcoin is very difficult because they need money for daily expenses in life. I think when you decide to invest in Bitcoin you have to be patient and consistent with your investment.

Honestly it's desire of most people from low income earners who knew Bitcoin to invest in it unfortunately the prevailing situation with regards to being paid a living wage that is very difficult to make ends meet wouldn't warrant any diversion of their fund, of course it's very important to take care of pressing needs particularly food, payment of bills etc by the time all those Budget is taken care of nothing is left from salary earned so it would be very difficult to invest in Bitcoin I am talking from personal experience after relating with some close Bitcoin enthusiast, though many of them thinks they needed huge fund to invest, however I had clear that impression i.e they can invest with any amount of fund.

It is always a problem with sacrificial demands for one to attain a great height but yet some of these sacrifices could be little things that we could afford and could be one of those resources we spends in our daily lives that only have us funs without other profitable benefits.
This your guy in claimed said he doesn't have enough to invest on Bitcoin? OP, did you also let him know he could invest with whatever amount possible for him to be afforded?
You know... Bitcoin specifically is such a strange inventory  that is seen to be one of the Ponzi schemes to the best knowledge of Bitcoin illiterates. These set of persons are indeed not to be blamed because the rumours about how people are being scammed of their Bitcoins without trace and no one to hold onto are being overwhelmed by their little ideals about Bitcoin.
They basically don't hold onto the profitable potentials rumours, they are after the risks involved which scares them away from Investing in the Bitcoin. So they literally feels comfortable spending on pleasures that may not be profitable them in other ways than being spending their money on a system of lost without a gain of profit nor pleasures.
This is just how timid and tenderous about the level of their illiteracy capacities on Bitcoin having them with falseful reviews on the Bitcoin industry.

Invest wisely. Invest only your entertainment money. Never invest your emergency funds or life savings. Read on to know why.

How and why does the price of BTC go up?

It is only because more people buy BTC at higher prices. This is the primary reason. Here is an example. During the aftermath of the pandemic knowing in advance that the US government was handing out 1000s of dollars of free money to all citizens (One-time, direct cash payment of $1,200 per person plus $500 per child.. this is just one scheme.. there were several other relief plans, totalling a massive 2.7 trillion dollars that put free and easy money into the hands of the common man..), Elon Musk, having purchased huge amounts of BTC between the price range of 20K to 30K, made a timely comment on his twitter account which just mentioned BTC. The kind of frenzy it generated among his followers and BTC fans took BTC to 60K and beyond as the bulk of the free money flowed into BTC. Elon Musk who initially said he was not selling but only buying BTC made a financial disclosure that he made a profit of more than 1 Billion USD that quarter through sale of BTC acquired at lower prices.

I am not saying BTC is just a junk asset, the price of which can be pumped up by the collusion of rich people and then dumped on the unwitting common man, who wants to make a quick buck when he jumps in at the peak of the frenzy and is left high and dry at the dizzyingly high price which the frenzy takes it to.

The other things that contribute to BTC's potential price increase are scarcity, anonymity to a certain extent, increasing difficulty in mining (halving events and increasing energy costs), hidden agenda of the mining device manufacturers and pool operators, and most recently the vested interest of Fund managers who have been granted permission to launch Exchange traded funds with BTC as the underlying asset.

The difference between an ETF with a Stock of a prominent company as the underlying asset and BTC as the underlying asset, is that, a stock has a company behind it, capable promoters creating and selling products and services for a profit, with a proper business plan, with mandatory requirements to publish audited quarterly and annual financial results, all of which are monitored by regulatory authorities such as the SEC and its equivalent in different countries.

BTC has none of these. No official address, no great technological or managerial development during the past decade, massive negative effect on the environment due to the huge energy requirement to keep the blockchain functional (energy equivalent of Sweden's Annual Energy consumption), no quarterly reports, no annual general meetings, no annual financial results, nothing.  Yet the SEC has been under pressure to grant permission to such ETFs since the state of the world economy is nothing to write home about and any kind of financial activity that can generate some income for the government in the form of taxes and fees is definitely welcome.

This is the reason the mere news of the announcement by SEC regarding the granting of permission for the launch of the ETFs has not created the kind of frenzy that many expected to happen. In fact it had a negative effect on BTC's price for a short while.

Now those who have launched these ETFs have deep pockets. Hence for them to be successful they have to bring in more and more buyers who will buy into the funds to make the price of the instrument go higher and higher and as a result push the underlying asset's (BTC'S) price go higher and higher.

Buy low. Sell high. Simple rule to make profit. Those who buy low will make profit by selling to those who buy at a higher price. Those who buy at higher prices have to wait for the price to go even higher. There is no other way to make money like a dividend or a bonus share etc. This is why risking bigger amounts on such a shadow pyramid scheme is very risky.

It's a problem, but do many tech-savvy people have problems with their financial ability to eat? I find it hard to believe that difficult people will easily get access to learn with crypto related to the internet and certainly cost money. So when I am in such a position I will also fulfill my main need of "eating". Maybe I won't enter into high-cost investments either. But now I understand, actually here is not how much money but how one wants to start. How will he keep trying, because I know a lot of people who start tend not to stick around much because they are impatient with the process.

Short term thinking is becoming more and more prevalent as time goes by, even if the research shows very clearly that those that have a long term approach to their lives tend to do way better even among their peers.

But with the economy being so dependent on mindless consumption, it is getting more difficult to convince people that what they are doing may have severe consequences decades down the line, and even if you were able to do it, they will not care anyway, as they will think that since the consequences are so far away they can afford to slack and leave the problem for later.

For sure I mean life is hard and not fair for sure, so if you are not really going to do anything or you are just lazy nothing is actually going to happen, in my country salary is actually one of the worst things because the minimum salary is around almost 300$ a month which is not really a huge amount considering you work 8 am-5 am a day five times or 6 times a week, Considering you graduated a 4 to 5 years course on Collegeright.

So we actually need a source of income and if we are not going to find one it is surely going to be hard, but I guess most of the time the problem is just the mindset of the people not having the financial mindset and doesnt really want to save or invest for the future and just wanted to buy or spend everything that they earn. I realize this since a lot of people keep on buying things that they dont really need, to the point where they even start to use credit cards to buy something like an iPhone considering they already have a very low income. When I learned this kind of and applied it, I could say that it is actually easy to save and invest your money, also there are as well other ways to earn something like a side hustle, I mean for sure you need to do the extra work if you're just a minimum wager in order to earn more and get the money for investments and savings, then aim for assets that could possibly earn you a passive income.

Investing is not something that can be done when people are experiencing economic difficulties and it would be very unfortunate if someone with a low income does not spend their money on the needs they need and prefers to spend their money on things they don't need so they will make things difficult for themselves.

Indeed, there is nothing wrong with them using their income to enjoy every effort they have earned and it would be better if they could restrain themselves from delaying enjoying the income they have and choose to invest for their future. Of course this is very profitable and they can enjoy it after they are successful from the investments they make.

The problem starts with not having enough to feed. First, someone who doesn't have enough to feed his family can't save up what they can invest in. So in order for you to be balanced and ready to invest, you can't sit at a place and wait for a manner to fall from heaven.
 
You need to challenge yourself with a goal, and when you have a goal and target, you will be encouraged not to stay at a place but rather get your two hands working, either using your skills to make money or applying for something that can bring more money to your table.
 
One thing I notice about some people who don't grow is that they don't have a target that they are struggling to meet. They are just okay with the way they are convincing their minds that they can settle for less. If they can challenge themselves that they need to invest in bitcoin, they will, and they will need to work an extra job in order to raise enough money for both personal needs and those left over for investment.

If there's any good thing someone has to achieve about their finance/career,or life in general you'll have to work for it and put more effort to achieve it despite how long it will take you.
 Investment is an important criteria to accumulate wealth but some people even with all the money and wealth they've acquired,they find it difficult to to take that bold step.Thats why so many rich people struggle so much to cater for their needs after they've retired.They struggle to take responsibility for bills like house rent,feeding,household maintenance and some other emergencies.I mean it's entirely simple to figure this out,look out for investment platforms like bitcoin,invest as much as you can,but don't invest more than you can afford to lose,set a goal and aim at something productive.

There is no success if you don't fight for it, that's the real life in this world because hoping for luck is an effort for lazy people to go through the process. Bitcoin provides freedom for anyone and bitcoin is also more independent for everyone who wants to invest. Determine strategies to make your finances better and stay away from unproductive spending to avoid unnecessary waste. If Bitcoin is considered one of the best investments then we should have a plan to get involved in it.

Without us realizing it developments have provided opportunities for anyone to achieve financial freedom through bitcoin, but there are many people who have not seen this advantage. For those of us who know more about Bitcoin, now there are stages that we continue to strive for as a long-term investment step.

The majority of people nowadays struggle, some more of others but life is tough for everyone, that is for sure. At the same time I see many people that despite the low income decide to spend money in very useless things or products, let's simply think about cigarettes, lottery tickets, brand clothes, streaming services... I'm not saying that people don't deserve to enjoy life but at a certain point, if you want to invest and you're not able to make more money, the only way is to somehow cut the other costs.

Maybe your advice is very useful for my life I am also very low income person my income is not much my income is very limited. Whenever I know and hear about Bitcoin I have a lot of desire to invest in Bitcoin. I am from a very low class family, I have no means of earning but I earn some money by working some time and some time, I try to invest bitcoin without using that money unnecessarily for unique work or hanging out with friends. Maybe because I am a child of a lower class family, I rarely socialize with my friends because I am busy with physical work in my free time, but even if I get some money from it, I think of using it as my investment. Don't spend on unnecessary things. I love investing in bitcoins but if I ever become a financier I will invest bitcoins to my heart's content.

The first thing to do is to avoid unnecessary expenses. Once you achieve this, many people may have the necessary amount of money to invest. The important thing is to decide and implement it. Even if the deposited amount is small, it will accumulate over time, and Bitcoin has never harmed anyone in long-term investments, and if Bitcoin continues this way, the Bitcoin investor will still make a profit.

There is no specific amount to invest. Everyone allocates an amount according to their own budget and invests. Although people who invest in Bitcoin know that they will make a profit in the long run, they must also have the strength to wait for a long time. This is an important issue in terms of investment and a distinction that needs to be taken into consideration.

Even though bitcoin is a good investment open for everybody even if you have little and can’t get your hands on the full bitcoin you can easily just invest in the little units of is. But still there are families that cannot afford to invest into bitcoin not that they don’t usually have little money sometimes to spare but it is the duration that comes with bitcoin. If you have money that you’re willing to use in like less than 6 months time then it is not advisable to me to invest it into bitcoin because I see bitcoin has an assets that is only profitable for a longer term holder. This is not to say that bitcoin cannot increase in that short period of time but there is a higher tendency of it consolidating rather than surging up for a short period of time. And as you know low class people only have something like only house rent to save up to a year and that can not be advised to be invested into bitcoin.

Investment is a must for one to achieve financial independence but talking about low-income individuals it is close to impossible to even invest a small portion due to the inflation rate and salary appraisal never coped no matter which country you are employed. Side hustle can generate more revenue and can be a relief from their burden but is it enough?

No, in my opinion, the issue can be solved only if we bring changes in the policy level and give more income sources, job opportunities, and welfare for the workers.

It' ain't happening so we have to make the impossible to possible by working as hard as we can then bringing changes with complete discipline with our spending and strictly following 70/30 or 80/20 savings.

Making a bitcoin investment could come in with as many as possible challenges, but once we are set and determined for what we want, we will always overcome the obstacles in making the investment with bitcoin, it has to be that anything that has a future must come along with a price to secure that future right from the present, how determined are we in pursuit of the excellence in whatever thing that will do us well, its better to pay the price now than postponing it to later future future after which time would have been against us, bitcoin has given everyone the advantage of starting with little to be able to grow our portfolio.

But not everyone think it's a must to have an investment because they adopting YOLO (You Only Live Once) lifestyle, so they don't mind to spend all of their money for anything that they like. They say young people need to take a vacation and visit at least one new place a year, if you hold your money until you retired, you might have a lot money, but your body isn't strong like when you were young, so even you have a lot money, you can't climb a mountain or go out really far.