Topic: Struggle now to invest in Bitcoin for a bright future. - page 8. (Read 1463 times)

This reminds me of a saying by Dave Ramsey, who is a writer that tries to help people get ahead financially.  His famous quote is that people need to, "live like no one else now, so you can live like no one else later."  Basically saying that you shouldn't be keeping up with the Jones family or buying unnecessary expensive sneakers or other flashy stuff.  You should live frugal now and save money while investing in the hopes that someday you can live off dividends and buy whatever you want.  I'm not sure he'd say to invest everything into Bitcoin, but as many of folks say, it isn't about what you make, it's about what you spend or maybe more importantly, what you spend it on.

Remember not everyone have access to even buy "unnecessary things" due to the economy. Most of the people on 3rd world country even struggle to buy their needs, they won't bother to make an investment if they are struggling to even buy daily things for their life. It depends on where they come from, not everyone have a fortune to invest unlike y'all here, it might takes time to even make an investment but it's not easy like you said.

I guess everyone that decides to invest in bitcoin started from a scratch. Some even used their hard-earned money that is intended for another purpose and use it instead to invest in bitcoin. That’s how tempting and irresistible bitcoin investment is, because we all know that everything will certainly paid off in the end. However, others may not still find the right courage to invest, but once bitcoin will become mainstream, surely they will do everything so they can ride the hype with bitcoin. Maybe bitcoin is really hard to invest in the start, but if you have sufficient funds to invest and you have good knowledge about bitcoin, that will definitely not a problem.

I think that the best way is to trim down our expenses, and also try to get a second job that will add to our income to enable one to also partake on investing in bitcoin. Self management plays a vital role in our financial life, and anyone with good self management will be able to invest in bitcoin no matter how little he can afford to use in buying bitcoin gradually through DCA. The challenge that I see is when the person does not have a means of income and can hardly take care of his basic needs, it becomes a big problem for such person to invest in bitcoin and hodli for a very long period of time without selling when an emergency arise. Nothing good is easy but with discipline and sacrifice, one can work towards being successful in his bitcoin journey.

Well, something like this is still a common thing that happens today because the desire is already there when seeing the potential of bitcoin but limitations in financial matters sometimes prevent some people from being in bitcoin.
But in this case I still feel that if there is a will then the way will definitely open. Many are fixated and do not want to try harder so that in the end bitcoin is left alone because they feel that this cannot be achieved but with hard work in the end I think everything can still happen.
Many of us today are small investors and can only invest from the spare money we use in supporting our daily lives but the fact is that it can still be done so in this case the problem of poverty conditions can indeed be a barrier but we must be able to change that with all the abilities we have because if in the end we do not move and only lament the fate we have then the future will not be able to change.

Over the years, I have studied most people around me and their lives, and I have noticed just one common thing that makes some people rotate in a particular circle, and that is that they spend so much money on unnecessary things, forgetting that investing in something is also an important agenda item to tackle.
 
Most people don't know how to separate their needs from their wants, and they treat their wants much more seriously than their needs.

If people can start treating investment as a need for those that take their needs seriously, then they can spend more money on that, knowing fully well that not everything that they gather today is supposed to be spent on; some are meant for investment, and if investing in bitcoin can be treated the same way most people treat luxuries, then their lives might never be the same, or they might not go back to trenches as a result of mismanagement.

It will take so much sacrifice for a low-income earner to invest in Bitcoin. Most people in my area are not earning enough to cover their basic needs, therefore saving is usually an impossible task. Such a person might consider searching for another high-paying job or getting an additional job so that they could save and invest. Many people have wasted the money they would have used to invest in Bitcoin on luxury materials. These set of people prefer to spend money rather than invest for the future.

I always tell some young lads that it is what you invest today can buy you more than what you cannot afford today. They should not be carried away by current trends in fashion, phones, games, travel etc. Others are waiting to have large funds before they invest but they fail to understand that using DCA is one of the best means to invest in Bitcoin at your own pace.  

Although this medium is not very popular or easy, finding a job that pays with Bitcoin is another good means of accumulating Bitcoin. Learning a skill that is needed in the Bitcoin space and getting a Bitcoin-paying job can assist people from low-income families to accumulate.

If we want to see a brighter future, we must sacrifice at the moment even if it means not living on our comfort zone. It takes a matter of courage and motivation so we can do hard things today and benefit them later on. Bitcoin investment is quite expensive, so saving and not spending on unnecessary expenses is the best thing to do. And of course being patient and positive minded, everything will be possible so we can build a brighter future with bitcoin.

One thing that is clear is that, nothing that will be beneficial to you comes that easy, you have to make some sacrifices (hard work, patience) before you can get to achieve your goals sometimes. Making yourself a bit uncomfortable to have an investment in bitcoin is not a bad idea if you look at the bigger picture and what you stand to benefit from it in the future.


Actually, a lot of people that have known about bitcoin including students, they spend extravagantly but cannot spare some money from their pocket to invest in bitcoin. The reasons being that; they can’t be patient to wait for the long term to get a profit from the investment and some keep procrastinating that they want to buy until it is too late for them and others close to them that have invested will start benefiting from the investment. While many people struggle to invest in bitcoin, some people just don’t have the patient or feel lazy to have an investment in bitcoin.

It's a pitty most people don't have the opportunity to invest in bitcoin due to poor family background. But I think poverty is not an excuse of not succeeding in life. But rather a challenge to pick up the mantle and do a better thing In life. Some rules need to be changed. Expecially when your parents dont have money, and you are also using it as an excuse. I am from a poor family and I have been striving to find a way to call off that poverty, so I tried many thing but all to no avail until I got the information of this forum and I joined and also learn many things about Bitcoin. Although the campaign I join is small one but the money I get from it I have been using it to invest in Bitcoin and also keeping some for reserve. With the hope I have with my little beginning I believe that my future will be bright someday.

We can not achieve everything at once but start from somewhere. Afterall they said Rome was not build a day.
The problem most youth alway have is always not wanting to start from scratch. They always want to start big forgetting he who fails to plan plans to fail according to a popular saying.

Yes for the Bitcoin journey to be successful, one need to have an alternative to the fund, like have an extra income source to enable you not touch you investment. Just as JJG will say it's important to to divide ones income into 3 part. 1 for DCA, 2 for feeding, 3 for reserve or emergency fund or for security purposes incase emergency occur

I think it's getting harder to build a bright future by investing small amount of money in bitcoins because price is already too high to experience exponential rise. Bitcoin was the best investment option for poor people when its price was very low, probably under 1K but another problem here is that those who were poor, didn't have access to the internet.
I think that what you say is easier to do for those who live in EU or at least have access to universal healthcare because it will help them in critical situations and holders won't have a need to touch their Bitcoin savings.

By the way, transaction fees are so high that it's even harder for poor people to invest right now. I would say that centralized exchanges give you flexibility to invest an euro or two every day and buy some satoshis but exchange withdrawal fees are so high that it's meaningless. You probably have to risk to leave your funds on exchange if you try to frequently buy small quantity of bitcoins.

best advice is to
a. look at your income and spending and cut out the non essentials so you can have some excess funds of unspent income
b. save enough easy access money as a rainy day pot of money for emergencies (not invested in bitcoin)
c. once you have the rainy day emergency savings to cover unexpected life needs then invest ongoing excess income

that way you wont be tempted to sell invested bitcoin at losses should a real world emergency occur because you have the rainy day fund as buffer

dont go full hermit crab living under a rock (not living, just investing).. but think about the wasteful spend stuff that doesnt make your life happy.
EG things that you spend too much on, like fast food which just ends up as a toilet flush within hours
if you need clothes, buy them. but decide if you really need top brand or just any non-brand to cover yourself up
do you really need all top package entertainment subscriptions or can you find the movies, music on free-sites

other things like
if you are investing EG $1k a month and day-trading to get 2%($20) a day. dont then spend $25 on fast food delivery pizza. instead get a $5 supermarket pizza and save $20.. thus still live the pizza life experience thus not diminishing your cravings. but being smart about it

Thanks for the reminder, it's really difficult and majority of us here struggles with money or even to put food in the table for our family. But we all know that crypto gives us financial freedom, not a get rich quick scheme, as others might have seen it. Investing on it and making profits is not going to be easy. As there are a lot of factors and inherit risk.

But if you master everything, or at least you have experience the ups and downs of the market itself, you will not regret the struggles early and then the reward of making profits in the future will be fulfilling and there will sense of satisfaction that you made the right decision.

Definitely correct mate. Bitcoin is the best investment anyone can put in his money now and be rest assured that in years to come, if he hodls, he has something to secure his future.

 Like I've said In somany other threads, Bitcoin is the only investment compared to any other where you don't need a huge amount of money to start. With as little as 5 to 10 dollars, you can start your investment and accumulate using the dollar cost average. This way, you are certain that no matter the condition of the market you will still invest your said amount.

We shouldn't let any thing stop us from investing in Bitcoin as in time, when you see what you have profited from your investment, you will smile and say thank God I had invested.

Many of us know about Bitcoin. But due to a lack of funds, we regret about Bitcoin investment. Many people, particularly those from low-income families, regret when we can't invest in Bitcoin. Though we can't solve this problem, we can struggle to achieve our goal. For our daily needs, we must need money to survive. Sometimes we spend money on unnecessary things. So we can avoid spending unnecessary money because we can survive without it. And we can start investing in Bitcoin with that money. We have to find a solid income source, even if it is small. So we can go ahead with our bitcoin investment. If we struggle now, we may build a bright future. Even students could save some money from their daily spending and invest in Bitcoin.