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Topic: There is nothing like it since the past 12 years (Read 818 times)

hero member
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February 09, 2024, 04:12:33 PM
#94
After the discovery of Bitcoin, especially since 2016, people's perception towards it has started to change. Since 2016, major changes have been observed among investors. Initially people were not aware about Bitcoin, gradually people are getting attracted towards it. The position that Bitcoin has built over the past 12 years cannot be expected on any other platform. Bitcoin has delivered more than what people have come to expect from Bitcoin and this continuous improvement will continue into the future. Many people can predict to an extent where Bitcoin's position will go in the next 12 years than in the past 12 years.

The bitcoin was create before the 2016,the bitcoin was get the good demand in the market after the 2016.The demand of the bitcoin was increased slowly among the traders in the market.So many people brought huge bitcoin at low price in 2016-2017.The price of bitcoin was crossed above the value of 19k dollars which give the free marketing for the bitcoin in the cryptocurrency market.


In 2010, the price of a Bitcoin was around 1 cent, Bitcoin rose to its highest price in 2021 which reached around $70,000. What I will say here is that if a person tries to hold his investment after getting proper knowledge about Bitcoin and can do it for long term then he can definitely get more than his expectations from Bitcoin.

The people who hold the bitcoin from the very long period had become the millionaires during pandemic time.The pandemic time make the money steady one in the home,this made many people to buy the bitcoin for the free money which leads to the all time high of 60k+ and still people waiting for that 60k+ dollars.
legendary
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People are forget if we need to start from small to achieve bigger thing, people are only obsessed with the big thing in instant.

Instead of how to manage our money right now, they're always imagining if someone them $1 Million, they will use their so called financial management e.g. $100K for car, $100K for parents, $500K for business and $300K for investment or any other scenarios.

We can start to invest as small as possible without waiting until achieve x amount.
Starting from a small investment is very easy, the difficult thing is how to make the investment gradually and according to the strategy that has been set. It is not easy to hold long term especially when the nearest price target has been reached. But to reach unreasonable prices certainly requires diamond hands and clear planning. Long-term investments will be full of scenarios that must be created up front.
legendary
Activity: 2030
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Verified Bitcoin Hodler
Because since the past 12 years, there is no investment that does it better than Bitcoin, you can't find anything like this anywhere else, it's worth every fight and hustle, but your journey will be way easier if you have a source of income, don't give up, always give your best short, you are on the right path.

I agree. People who are not investing into Bitcoin are simply afraid. And that fear is what makes them continue holding their fiat until it deflates into nothingness. Conquering that fear is one of the very first tests of adulthood. No guts, no glory.

Although young people do require our assistance in investing and researching good investments. They really have no idea what they are doing, and chances are, they will lose money before they learn to make it.

But how valuable Bitcoin will be in the future, they should have already seen themselves.
sr. member
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I am motivated by your story, the world has never been an easy place for the male child, especially those who come from a poor home. Yes know that there investments out there that will make people become financially stable, but nothing does it like bitcoin. I have made a resolution that I will start my bitcoin journey, hopefully in few years from now I will tell my success story too. I have a little job am doing but the pay is not much but from it I am able to be buying bitcoin on weekly basis as I am being paid on Fridays. I know patience is required to succeeded in bitcoin investment.
what you are doing is called DCA method (Dollar-cost averaging), Buying small amount of an asset as much as you can afford. and believe me my friend that's very effective way to accumulate bitcoins nowadays,
A lot of folks stacking up and filling their crypto bags with this method.
And i wish you luck for your bitcoin Journey too. hope you'll share your success story here with all of us one da.
hero member
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Leading Crypto Sports Betting & Casino Platform
After the discovery of Bitcoin, especially since 2016, people's perception towards it has started to change. Since 2016, major changes have been observed among investors. Initially people were not aware about Bitcoin, gradually people are getting attracted towards it. The position that Bitcoin has built over the past 12 years cannot be expected on any other platform. Bitcoin has delivered more than what people have come to expect from Bitcoin and this continuous improvement will continue into the future. Many people can predict to an extent where Bitcoin's position will go in the next 12 years than in the past 12 years.

In 2010, the price of a Bitcoin was around 1 cent, Bitcoin rose to its highest price in 2021 which reached around $70,000. What I will say here is that if a person tries to hold his investment after getting proper knowledge about Bitcoin and can do it for long term then he can definitely get more than his expectations from Bitcoin.
sr. member
Activity: 630
Merit: 374
If investing is not our priority, even having extra money still won't go into investment instead, it go into useless stuff. But if we think about our future, even earning small money, we could still have extra money to start an investment. But you are right, we don't need to sacrifice our health just for the wants to save and have investments still we need to know what is our first priority and what is less priority. To have a better future, we have to make a plan earlier and a goal in life as this will serve as our motivation why we work hard and we should save money.

I have heard stories that a wealthy person has always spent only a few cents a day begging in the street for money. Nobody knew he had many acres of land and a house too. When the guy passed out, people figured out that he was saving money for an unknown reason and he was living like a homeless guy. I know a person, who is mentally ill and he always begs for money to eat even though he is more wealthy than most of us. I don't know what kind of mental problem it is, but he understand everything. Nobody ever able to spent a dollar from him.
legendary
Activity: 1638
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If investing is not our priority, even having extra money still won't go into investment instead, it go into useless stuff. But if we think about our future, even earning small money, we could still have extra money to start an investment. But you are right, we don't need to sacrifice our health just for the wants to save and have investments still we need to know what is our first priority and what is less priority. To have a better future, we have to make a plan earlier and a goal in life as this will serve as our motivation why we work hard and we should save money.
People are forget if we need to start from small to achieve bigger thing, people are only obsessed with the big thing in instant.

Instead of how to manage our money right now, they're always imagining if someone them $1 Million, they will use their so called financial management e.g. $100K for car, $100K for parents, $500K for business and $300K for investment or any other scenarios.

We can start to invest as small as possible without waiting until achieve x amount.
sr. member
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when lambo...
As bad as it sounds, you need to be out of your mind to invest your last savings. Investing means investing money that you can afford to lose, not the last money for food and family.

That's what I meant. Everyone cannot do these kinds of things and it's not necessary as well. People need to stay healthy and strong so they can work. So, it's never advised to save money without having a meal. You cannot even imagine doing these things if you have a family who needs food. Even men stay hungry to feed their family members. I have seen and heard a lot of times that the father didn't eat but they bought a good meal for their kids. You should invest only if you have some spare money.
If investing is not our priority, even having extra money still won't go into investment instead, it go into useless stuff. But if we think about our future, even earning small money, we could still have extra money to start an investment. But you are right, we don't need to sacrifice our health just for the wants to save and have investments still we need to know what is our first priority and what is less priority. To have a better future, we have to make a plan earlier and a goal in life as this will serve as our motivation why we work hard and we should save money.
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Your journey is not easier without a source of income, it doesn't exist.

Without cahs flow, you do not have any means of putting money into Bitcoin, even if all your needs are catered for. Anyone joining Bitcoin now to get rich should realize also that the ROI is no where near what it was ten years ago. They would not get lambos with Bitcoin, except they already had a very good source of income.

If you want to get rich, build your income and reduce your expenditures and liabilities, then invest.

 I think these is purely Truth in as much Bitcoin is concerned now one can't totally survive it without any source if income even if your survive it will be very hard to achieve it fast one need little source of income and then cutdown expenditure as state, the cost of investing on Bitcoin can't be easily handled with income any investment made with income can be easily withdraw that is why is advisable for such to be put in place. Hunger is one thing that is serious barrier no body can withstand it when he have saving and no one will die why saving those are area one need tackle for to move out from things that we limit you from achieving the investment and making it at the end.
sr. member
Activity: 630
Merit: 374
As bad as it sounds, you need to be out of your mind to invest your last savings. Investing means investing money that you can afford to lose, not the last money for food and family.

That's what I meant. Everyone cannot do these kinds of things and it's not necessary as well. People need to stay healthy and strong so they can work. So, it's never advised to save money without having a meal. You cannot even imagine doing these things if you have a family who needs food. Even men stay hungry to feed their family members. I have seen and heard a lot of times that the father didn't eat but they bought a good meal for their kids. You should invest only if you have some spare money.
legendary
Activity: 3094
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I don't know who needs to hear this, I had no job when I started gathering some Bitcoin for long term hold, I looked wreteched for few years, I eat single meal per day, I looked old at a young age, like those who don't want me to carry on my BTC journey used to tell me, but in the end it all went well, where did I get my conviction? I had no other means to have a better future than this, it was like a do or die something for me then, something inside me just appreciate the existence of BTC, like I know something like it was coming to safe me, which I can't advice anyone to do the same today.

What I am saying here is that it's still doable if you have the conviction to make things happen, if you crave for changes you will go any lent to make things happen in the right manner and ways, but having a source of income will make things more easier for you, I still considered my story as a easy one because I had my father then, I had a roof over my head in my parents home, and also I don't pay any bills, it was just me and my stomach to feed and my BTC wallet to fill up.

For someone who came from poor home it will become a very big battle to conquer poverty, and for those who come from average or rich home, it becomes easier for them to have a better future because they will have more money to take risks, if you are from a home like mine, you need to strive hard, my battle took me three years, if I have never know Bitcoin and I decided to take the path that everyone in my country was into it would have been harder for me, judging from the present conditions of those who almost stopped my Bitcoin journey, I am not shaming anyone, I am just saying that Bitcoin is worth every shot.

Because since the past 12 years, there is no investment that does it better than Bitcoin, you can't find anything like this anywhere else, it's worth every fight and hustle, but your journey will be way easier if you have a source of income, don't give up, always give your best short, you are on the right path.
This isnt really just that limited on Bitcoin investment but also in other things as well on which you would really be needing up to make some move for the better or for your future. Nothing could be reached out
without doing anything not unless if you do came from a wealthy family on which you could really be having those kind of advantage on which you wont really be that making yourself that be stressful in talks about
having that good future when it comes to finances. You wont really be minding much but for those who are struggling then of course it would really be just that normal that you would really be needing to take such
act if you do want or like on having some progress into your life.

bitcoin investment or any other forms of investment is something that you should need to consider but if you are just that lazy enough then it would really be your choice
whether you would really be making a move or not basing into your own conditions on which its a matter of own decisions in life.
newbie
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I am reading the part of your life journey. I hope many of people in the world have different kind of journey about life. you are the one of them. Your journey must be inspire us. For success of life we have to the same. Unfortunately now if we have no any cash flow did not think so about investment.

Just we have one of the assets. The assets is hard working.
hero member
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There is no other crypto investment that has succeeded more than a decade, it’s always been bitcoin so never hesitate but take the risk. But always do your own diligence to study and learn the process first because that will be your edge in winning your investment. Although bitcoin is not a perfect investment as it does not guarantee all time profits and rewards, but believe me it’s always better than any other crypto or physical investments around.
sr. member
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People have learned how difficult it is when we only have 1 source of income. It is just remembering 10 years, 20 years ago we just simply ignored many opportunities that we see around, and even Bitcoin because what is in our mind is that we already have enough without thinking inflations comes.

Now, we feel regret for not taking it and we realize how important to plan our future ahead of time. Just imagine why rich people become richer because they have plans already, they invest in something that they will think they could benefit from. Just like investing in Bitcoin, if we all see its potential 12 years ago, many of us are rich already but as usual, it is too late to notice.
legendary
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You really mentioned and highlighted many important points, OP.

Regarding your story, you were fortunate, and it's good that circumstances were going in your favor. The most challenging aspect for anyone on their journey is managing bills, rent, and other expenses that could halt their Bitcoin investment journey. It is necessary for investors to have an additional source of income and to invest a portion in Bitcoin that does not affect the stability of their lives. Indeed, whoever does not have an additional source of income from which he can obtain a good salary will not succeed in becoming a long-term investor and will not be able to increase his holdings of Bitcoin. If he continues in this state, he is expected to make one of the wrong decisions. I agree that Bitcoin is one of the best investments that create wealth, but it is an investment that requires sacrifice, a plan, careful measures, risk management, and capital.

without backup of your financials would really be hard on how you can handle your finances. because the tendency of selling your assets is always there if you have no other means of income. this is why for some holders, even if they don't want to sell, they need to sell because of tight budget. how can you blame them, right?

the OP was lucky to keep up his journey on this market and see the light at the end of the tunnel. because the truth is, a lot got burnt and left this market without seeing the profits that they were aiming at.
legendary
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You really mentioned and highlighted many important points, OP.

Regarding your story, you were fortunate, and it's good that circumstances were going in your favor. The most challenging aspect for anyone on their journey is managing bills, rent, and other expenses that could halt their Bitcoin investment journey. It is necessary for investors to have an additional source of income and to invest a portion in Bitcoin that does not affect the stability of their lives. Indeed, whoever does not have an additional source of income from which he can obtain a good salary will not succeed in becoming a long-term investor and will not be able to increase his holdings of Bitcoin. If he continues in this state, he is expected to make one of the wrong decisions. I agree that Bitcoin is one of the best investments that create wealth, but it is an investment that requires sacrifice, a plan, careful measures, risk management, and capital.
legendary
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Without a source of income, you can't survive anywhere, either in real life or online. Until you become financially established and solvent, you should have a job or business to earn money. So that you can survive and invest in Bitcoin from your savings. Once you start investing following the DCA strategy, it will be a big amount one day. So you may come out of a poor life. It's good to see that you know about Bitcoin and try to accumulate it. I believe you can do something good with your crypto investment. You just need patience.
sr. member
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If you bought bitcoin and the price collapsed, selling is not an option at all, even if there is no source of income, because the point of investing is to increase funds. But you also need to be able to sell the grown bitcoin in time, since many are waiting for its further growth, and as a result, the price falls.

You have to understand that not everyone could do the things OP did to save his hard-earned Bitcoin. You could stay hungry for a day or two without having a meal or taking one meal a day when you are single. But, if you have a family and have a wife and child who need food, you cannot see them suffering from hunger. No father or a husband could see such situation.

I am glad I am not one of them. Of course investing in something that is likely to grow much is good. But, you have to think about your family and the health as well. Without a good health, you won't be able to survive for a long time. I do not suggest anyone to do the same thing. Always have meal when you can.

As bad as it sounds, you need to be out of your mind to invest your last savings. Investing means investing money that you can afford to lose, not the last money for food and family.
sr. member
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Leading Crypto Sports Betting & Casino Platform
At first, I would want to extend a toast to you, OP, for your amazing accomplishments and the success you have gained from your bitcoin investment. Though I'm curious, how did you obtain the money to invest given your years of financial hardship, unemployment, and self-discipline to save and buy bitcoin? Your story is incredibly inspirational. Have you asked your parents for money or anything like that? Nevertheless, your story demonstrates the value of perseverance and the capacity to grasp chances as they present themselves. For me, persevering in pursuing achievement in the face of difficulty in the real world requires a great deal of guts and determination.
 
I think it takes serious thought and risk management to invest in bitcoin; it's not an easy choice. It is really amazing how eager you are to take measured chances and how perceptive you are about the potential of bitcoin as a game-changing investment opportunity. Because even though many others were doubtful, you had the vision to see the potential and growth of bitcoin. I think that your story should serve as a reminder to everyone that there is always hope for a brighter future, despite how bad things may currently be.
legendary
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Once a man, twice a child!
...my battle took me three years, if I have never know Bitcoin and I decided to take the path that everyone in my country was into it would have been harder for me, judging from the present conditions of those who almost stopped my Bitcoin journey, I am not shaming anyone, I am just saying that Bitcoin is worth every shot.
Soon these same people will accuse you of not coercing them enough when they showed reluctance to follow you or learn about Bitcoin. Just wait, they will soon come. That's if they haven't already started saying it behind you. Humans are like that. We find way to blame someone else for our woes, even when it's clear we inflicted such on ourselves. Those who do that  don't deserve anyone's empathy, frankly. Anyway, we applaud you now, reading your journey through the valley of hunger pangs to your point of fulfilment. The thing now is that such tremendous achievement isn't likely anymore within a short period of time with Bitcoin investment alone as Bitcoin doesn't give those jaw dropping ROI it gave a few years ago. Gone are those days. Altcoins can do that now but it depends of finding those gems that can do it.
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