Topic: Struggle now to invest in Bitcoin for a bright future. - page 7. (Read 1316 times)

The bitter truths

1. If you are not making any money, don't look into Bitcoin investment or any other investments, they are not meant for someone like you.

2. Make sure you are comfortable enough, after you get a job or a source of income, make sure you can eat well, pay your bills and have spare money enough for investment, or else you will keep your eyes fixed on the Bitcoin value every day or else you overreact when price dump.

The easier and comfy your DCA is, the more you will be able to hold for a long term, have less expectations on price and take profit only what Bitcoin have skyrocket, in those times, people around you will start talking about Bitcoin, wanting to buy, simply because the price have made a new all time high, for you, it's the best time to take profit.

If our income is low for sure we can only get limited amount from it that's why in  long run the return will also be small so its not really worth it to spend a long time waiting for the result. That's why its important for anyone to increase their income so that they can possibly acquire a large volume so they can stake decent volume to wait for future.

But if they can't afford this for now since as been said that their income is limited then I guess maybe they find another option where they can earn bitcoins since from they can earn bitcoin by just doing some task for other people and get paid for it we can browse online some jobs or task that pays bitcoin so maybe they should consider to see that one if it fits on their skills since if they successfully acquire those jobs for sure they can earn bitcoin by their effort exerts on some jobs around.

You should definitely need to take some money out for investment. You need to follow the golden 30:40:30 rule in order to survive and make money. Invest 30% of your earnings in investment(majorly in Bitcoins), 40% for daily use/paying bills and the last 30% for savings. If you are able to follow this then definitely you can make good money and your life won’t be that hard. Moreover you don’t have to regret later on also.

Well, not all people think the same. Most people who lives and survives with minimum wages usually don't spend enough time to learn new skills to be in a better position with better compensations as well. They are driven with their instinct to survive and that what keeps them busy in doing all sorts of job stuck with their line of expertise. This kind of living is really hard keeping aside some funds for investments or savings.
This made me realize that learning how to manage your finances, savings, and investment at a younger age is really important in equipping ones self in the future, especially when one decides to build his own family.
I'm not sure how willing the youth of todays generation to sacrifice their vices and stuff like these to keep that money and invest it in bitcoin or any other assets. Based on my experience, saving is really hard to achieve. I could save for a year and spend it to stuff that doesn't have value after, but that's pretty much it.

I believe the OP is futuristic in his thought, he believes that since savings are good, we can save in Bitcoin as well, and this is even better than saving in traditional banks as it could earn us money in return for the multiples of what we invested. To make it convenient and affordable, the savings suggested is a very good approach, and even if you are struggling or not, you can be able to plan towards it. You will just erase your mind from it and continue to make your money at your own pace. Before you know it, you will have saved a whole lot which I believe is better for our future than keeping money in the bank or eating with all our fingers, but when the future comes we will now be depending on others.

It shouldn't be like that, our future is important and it starts now. I mean the plan for it, so it will be good to start some investments like Bitcoin, nonetheless, we should make sure that we keep it rightly. Investments will always be better than savings, and thankfully, Bitcoin and other cryptocurrencies have brought it to us easily.

The only way one can comfortably invest in bitcoin without depending on it is just to increase the income, because if the income is low and you find it hard to even afford somethings for yourself,  investing in Bitcoin can be challenging.  So the best thing to do to make investment go smoothly is just to increase the income. With this it will be easy to afford the basic things you will need daily and you can also afford invest some amount of Bitcoin without depending on it profits to survive.

And if we should be very conscious on how money is been spent on things that are not important it also help one to have a good investment in bitcoin.  Instead of spending money on things that do not have value it is better to pump in this money to invest bitcoin which we surely yield good profits. Increasing the income and being discipline on how money is spent will really help to achieve the dream of investing in bitcoin.

It's really wrong to force someone to invest in Bitcoin, I believe sooner or later people will discover Bitcoin is one of the best investment, but it takes time to reach this stage.

1. Poor people who has a small paying jobs and can't fulfill their needs, they will look into higher paying jobs.
2. People who already have a jobs that can fulfill their monthly needs, they will look into higher paying jobs (again).
3. People who already have a good jobs that pays well, they have more money to invest, they will look into the safest investment e.g. time deposit, ETFs or gold.
4. People who already have a good amount of money and high paying jobs, this situations will make them able to choose what they want. It could be start a new business, invest in high risk investments e.g. Bitcoin or stock, get a degree or certification etc.

They need to be safe first, poor people don't feel safe when they're always thinking about how to make more money.

Many students now might be aware of the term cryptocurrency or Bitcoin. Me when I'm still a student isn't aware of the term "investing" which is kind of disappointing because if only I knew about investing and cryptocurrency by the time I'm still studying, I might've started investing way earlier.

I only started investing when I graduated from college. Kind of young compared to other, but still late for me because I could've start earlier. Anyway, it's good that nowadays, I'm seeing younger kids being aware of investing, and there are some who are saving at a young age. I'm pretty sure that there are some who are aware of Bitcoin as well, and they might be investing into it already.

Struggling for a better future? I already put it on my mind ever since I started investing because I believe that if you start earlier, you will become a successful one earlier as well, and if I need to struggle just to achieve that then I'll do it.

To those who are struggling the priority is to have a job or a source of income. Investment might take the back seat. That's the reality especially among those who are wage dependent or daily wage earners. Although poor people should learn how to save and how to wisely invest their savings, most of them actually don't have time for that. They are busy looking for money just to meet their very basic needs. And sometimes even after working day and night, their basic needs remain hard to fulfill. Developing skills is perhaps the better priority.

The situation reminds me of the aftermath of 2008. Back then, many people lost hope in the financial markets, particularly in real estate. However, those who endured the struggle and chose to invest in housing despite the pessimism eventually found themselves becoming wealthier over time. This scenario parallels investing in Bitcoin today. It's a struggle now, with the market's ups and downs, but just like with real estate post-2008, there's a potential for a brighter future for those who invest wisely and patiently in Bitcoin.

This is a good advice and an encouragement to anyone who is still procrastinating to invest into Bitcoin. Some people's excuse why they have not invested into Bitcoin is because they have too much financial needs and desires which they want to solve all of them before they can invest in their future. They fail to realize that human needs and desires are not usually satisfy, the more you try to solve some needs, many other will arise. So, the best decision to take is to try and invest in the future even while attending to some other needs, invest small amounts into Bitcoin too and if you keep investing small amount, you may not know when you will accumulate a huge fraction.

Secondly, lack of sufficient income is what has made some people to still procrastinate their investment, while if anyone really wants to invest into Bitcoin, strives hard to do so, they definitely will archive their goal. Steps to add up to one's income is to engage in other side hustle too and not just depending on only one source of income which can never be sufficient enough.

I tend to agree with this, any aspect of investment has always a risk not only in crypto.
It's always unpredictable in the future and no one knows what will happen.

You should have expertise in the chosen investment, so prudence is key, it's crucial to be cautious and avoid overextending, especially when dealing with uncertain assets like Bitcoin.  The best thing to do is to have diversification and a backup plan is an ideal strategy to deal with the unpredictable nature of financial markets, just like in trading, there should be a stop-loss.

OP was right, don't stay in your comfort zone today to have a better future.
Make a passive income and invest what you can afford.

I think in all investments comes with risk, but if you are highly knowledgeable and experienced on the investment you are trying to indulge, then that won’t be too hard for you. But still, being cautious in your decision making is still a must, otherwise you will only suffer from losing a lot because you come to invest like taking a loan or spending the amount you can’t afford to lose. Bitcoin investment has still no certainty that it will always bring profits in the future, so always have a back up investment if ever that happens.

They should now that earning bitcoins is not all about acquiring it since if they only look bitcoin that way for sure they will get discourage to participate since bitcoins price is really expensive for them.

But if they look at other perspective then find those good opportunities to earn bitcoin from skills they have for sure this struggles will be temporary and for long term there would be great changes to happen in their lives since there's a lot of opportunity to take on bitcoin activities and its up for people on how they grab those opportunities.

I know its hard to earn bitcoin but if we have courage and open to learn new things for sure many opportunity will knock on our doors.

Make sense but we must be cautious because no one knows what will happen to Bitcoin in the future, investing always comes with a risk.
But you can improve your decision-making by doing proper research and education.
The tips I am applying with investing in Bitcoin are first, adoption and utility and longterm perspective.

This is not surprising anymore for us who have set goals for our future. Not only when it comes to bitcoin investment, but certainly in all aspects of our life we have to struggle for that. And if we can do that wholeheartedly, without making a lot of complaining, then most likely it will be a smooth sailing for us.

Being born poor and has not received a lot of opportunities to earn to invest, the struggle is not that easy. There are times that you have to only focus on what’s necessary for survival and ignore those wants that will only create unnecessary expenses. The struggle is real when you have certainly no source of income, because you will really feel extreme poverty. But if you know how to struggle for now and see the positive side of it, you will come to accept that in every success you wish to achieve, there’s always a part of taking sacrifices. You need to pay the price of success even if it means putting yourself at a compromise for now.

Struggle to invest, but do not invest your fees or tuition, do not invest money meant for healthcare and necessary things, do not invest someones money.Do not just struggle to invest, struggle to hold what you have invested after you have invested. If you spend anyhow an amount of money that you should be investing currently into bitcoins knowing the potentials you will spend tomorrow regretting and suffering from the decision you've made because you will not have any investments you can fall back to when you get old and your income source has reduced because you do not have the energy to keep the various sources of income flowing. If we struggle today, make sacrifices, spend on only the necessary things we need, reduce what we give out to people in the form of assistance, there will be more to invest in bitcoins.

This quoted part is one thing that new investors needs to understand, bitcoin has its fractions or smaller United called Satoshi and with this fractions one can simply invest just any amount that can afford to invest in bitcoin without having to own a single bitcoin. But the problem with people is that they want go in with a large amount into bitcoin mostly because the larger the amount the more the profits when it raises. But bitcoin investment isn’t only about gaining profits but also it safeguards your money from inflation face when it is in fiat currency. Leaving your funds in local currency only makes it lose its value because of inflation but bitcoin as a store of value is an inflation hedge.

As a new investor one needs to Just understand how to gradually increase one’s Bitcoin portfolio and this is been helped by doing DCA this way you get not to think of either price will come down or raise again but can buy at just anything time

Seriously, people are really suffering, the economy is just kind of harsh, and lots of people are finding it difficult to invest. I know most people who don't invest now will regret it later in the future, but if you don't have money, then you can't invest. If you are making little money, then use that to invest in yourself. Make sure you eat well and take care of yourself. Don't force yourself to invest. If you use the money that you are supposed to use and take care of yourself to invest in bitcoin, then your investment profit might not be enough to take care of your medical expenses later in the future.

Even if some people don’t spend on unnecessary things, then they will still find it difficult to invest in bitcoin. You won’t just understand the way some people are suffering, the money being paid to some people at their workplace won’t even take care of all the necessary things that they need. How do you expect people like that to invest in bitcoin? That’s not just going to be possible.
 
Some students are the ones taking care of themselves, they are the ones paying for their tuition fees and other expenses, and they do not always have money left. How will people like that invest? As a student, just take care of yourself, and that’s also an investment. Don’t starve yourself because you want to invest.

Cutting those unnecessary expenses might help us have more funds for other things, such as investing, but that's not the only solution or option there. If you are committed and really want to invest in bitcoin, then finding other means of income to raise an amount to be used for investment is the best possible way. In short, I'm saying don't settle for less; keep striving. If you want to invest in bitcoin and don't have enough funds, then find a way to make extra income for your investments. Yes, it will be a hassle because aside from doing investment stuff, you have another job. Well, that's life. If you don't do anything for you to earn or grow, then it means you are content with what you currently have, and if you are not a wealthy person, then you don't have the luxury to be lazy in life. Keep striving until you succeed in a crypto or non-crypto career.