What are people doing except holding Bitcoin? - page 3.

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Quote from: Bobrox on September 11, 2022, 12:29:20 PM

Quote from: coinerer on September 11, 2022, 09:32:11 AM

Some investors always think to take a quick profit. That's why they don't get success in bitcoin investment. There are also some investors who have little money but high expectations and are not motivated to invest in Bitcoin. However, experienced investors are not willing to take risks on any coin other than Bitcoin. It is true that investing in Bitcoin may take a long time to get returns or may be a long term investment but it is the best investment.

Less risk try to get higher return is in some investor minds, they try with quick way how to be richest person when investing in bitcoin but use small investment fund, looks funning because every day we got many people have bigger expectation when investing assets in bitcoin. Fact many people have been rich and get much profit when investing with bitcoin, but not have easy process and quick way how to get profit when investing in bitcoin.

Some investors need several years later for getting profit from bitcoin but how the change several investor minds with lower budget and try to earn much profit with bitcoin and they think bitcoin can be richest quickly. I think need to change with some investor mind about bitcoin need time and process how to earn much profit.

investment is to include capital into an asset with a long period of possibility to get a profit, if it comes sooner than expected, then this is our luck. especially for investors who are already professional, they invest a lot of capital in coins if it is safe and the money can grow, although the percentage increase is not much, but with large capital, the profit obtained is also large.

danadc

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Quote from: Sanitough on September 05, 2022, 05:55:24 PM

Quote from: Rruchi man on September 04, 2022, 03:16:39 PM

Quote from: wagmi on September 04, 2022, 12:50:22 PM

Surely, my list isn’t complete. You can always add a comment and present more facts.

There's one you didn't add about what people are doing with bitcoins asides just hodling, people who gamble online on casinos that do no have a direct funding option via their fiat bank account, fund their account via crypto using their bitcoins to fund their online casino accounts so they can continue gambling there.

That's also possible as bitcoin can be used to finance in casinos and change it to fiat. But if you're into crypto gambling then there's no need to convert it to fiat. However, bitcoin can be a good retirement gift since its value will definitely grow in time. Or bitcoin can be used simply as an investment for long term hodling since that will also ensure large profits ahead.

The people who have urged him to buy bitcoin tell them that this is the investment of his life, and I am not lying to them, just talk to them about how it works and how the world goes in the direction of digital money and they like it when I tell them that they can manage their money as they please, they don't have to go to banks or anything, they can manage the amount they want and they can buy if they want 1 dollar in bitcoin.

The ones that are more difficult are the older people, some of them don't have so much order and they don't know much about computers and they don't use the internet, but for everything there is a solution, I told them that they can buy and keep their bitcoin in a piece of paper that is considered a wallet with your public and private key, I talked to you about trezor and more, I haven't been able to talk to all of them, but what I tell you the most is that the greatest utility you have is how to save.

Bobrox

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Quote from: coinerer on September 11, 2022, 09:32:11 AM

Some investors always think to take a quick profit. That's why they don't get success in bitcoin investment. There are also some investors who have little money but high expectations and are not motivated to invest in Bitcoin. However, experienced investors are not willing to take risks on any coin other than Bitcoin. It is true that investing in Bitcoin may take a long time to get returns or may be a long term investment but it is the best investment.

Less risk try to get higher return is in some investor minds, they try with quick way how to be richest person when investing in bitcoin but use small investment fund, looks funning because every day we got many people have bigger expectation when investing assets in bitcoin. Fact many people have been rich and get much profit when investing with bitcoin, but not have easy process and quick way how to get profit when investing in bitcoin.

Some investors need several years later for getting profit from bitcoin but how the change several investor minds with lower budget and try to earn much profit with bitcoin and they think bitcoin can be richest quickly. I think need to change with some investor mind about bitcoin need time and process how to earn much profit.

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Quote from: Nrcewker on September 08, 2022, 11:34:02 PM

The rich people makes money out of money.
So definitely they have bought sufficient Bitcoins in this bear market.
For these cunning reasons they have become rich. Whereas a normal person will just hold his money, but a rich and cunning person will anyhow try to make more money from Money.
Bitcoins have made this easier for these rich brats and for this now they are leaving their lives more lavishly.

Not everyone is in a hurry to buy bitcoin, there are rich people who made their fortune in real estate, or something else, and they are not interested in bitcoin, because they have enough money and they know how to increase their fortune without bitcoin. Of course, there are those who are now buying bitcoin and in the future can make a good profit, but if all the rich people wanted to buy bitcoin now, then its price would fly to the moon.

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There are many ways that we can do with bitcoin, not just investing and holding, this digital asset can also be used to add to an investment portfolio, bitcoin can also be used as a means of storing value, bitcoin is also similar to buying gold and buying land or gold, to be traded in the future, the difference is that the storage of crypto currency is digital so it needs an electronic wallet to store it.

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Quote from: lovesmayfamilis on September 05, 2022, 09:56:34 AM

Quote from: Zanab247 on September 04, 2022, 01:31:30 PM

Yes, some became successful in their businesses, so that people in the societies will know how good and favourable decentralized currency is to humanity. Many people became a potential politicians through the help of Bitcoin because they sell at the right time to make a good income, and buy when the price is low in the market to prepare for a brighter futur. Many became presidents, governors and senators through the help of decentralized currency they embraced some years ago in the community. Many own estates to become a millionaire in the environment through Bitcoin investment and to attract other people in the community to have more interest on Bitcoin investment.

Many? You forget that many of those who became richer were already wealthy. Some people have really managed to get rich, but these are those who have been in bitcoin from the very beginning and knew how to hold it properly.
What about ordinary people? A lot of them? Those who have something and where to invest always get richer. Others who hope to get rich by investing $500 or $5,000 forget that they don't get any younger year by year. By investing all their money in investments and expecting a profit, many do not understand that their whole life passes by them, and they may become rich only at the end of their lives.
It's a little sad.

Some investors always think to take a quick profit. That's why they don't get success in bitcoin investment. There are also some investors who have little money but high expectations and are not motivated to invest in Bitcoin. However, experienced investors are not willing to take risks on any coin other than Bitcoin. It is true that investing in Bitcoin may take a long time to get returns or may be a long term investment but it is the best investment.

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Quote from: aquafinewater on September 10, 2022, 12:32:02 PM

Bitcoin is one of first thing which have bright future because everyone know and also mostly people rely on Bitcoin investment because crypto is first thing where you won't need to do any thing just put investment after seeing some analysis ..

Not that easy in application, because there are several processes that must be learned before investing in bitcoin. Maybe for those of us who have enough experience it is that easy, but for some people who are just getting into it and just knowing what bitcoin is, of course, they have to learn what to do in investing here.

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Quote from: Iranus on September 10, 2022, 09:42:56 AM

Quote from: ethereumhunter on September 09, 2022, 01:44:59 AM

What is called investment is a kind of savings for the future and they are still doing something so they can buy their daily needs. Those who work elsewhere and earn a salary set aside some of their money to invest in bitcoin. It's the kind of investment they've made in the real world. The difference is that bitcoin does not have a physical form like previous investments. While rich people can have whatever they want and if they have bitcoin, they are adding to their wealth list.

Yes, called an investment, it should be considered for the long term, not something that can generate daily income. Bitcoin is a good profitable investment but it would be unwise to just invest in bitcoin without an outside job. We need to have another source of income to spend on daily life and have a plan to spend and invest accordingly. Because investment is not always favorable and always produces profit, so don't expect too much from it. Try to keep your investments separate from your day-to-day expenses, so you don't have to panic or panic when the market is volatile. If you do, you will be in complete control of your game.

I completely agree with you. That is why we must be able to manage our finances well and separate money for investment with money for daily needs so that it will not interfere with our financial position. If we can get income every month, we can set aside some to invest in bitcoin and other money to meet our needs. Thus, we can hope that what we invest can provide benefits in the future. Maybe some people can earn from trading cryptocurrencies so that they can make some money and bitcoins at the same time so that they can also make ends meet.

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Bitcoin is one of first thing which have bright future because everyone know and also mostly people rely on Bitcoin investment because crypto is first thing where you won't need to do any thing just put investment after seeing some analysis ..

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Quote from: ethereumhunter on September 09, 2022, 01:44:59 AM

What is called investment is a kind of savings for the future and they are still doing something so they can buy their daily needs. Those who work elsewhere and earn a salary set aside some of their money to invest in bitcoin. It's the kind of investment they've made in the real world. The difference is that bitcoin does not have a physical form like previous investments. While rich people can have whatever they want and if they have bitcoin, they are adding to their wealth list.

Yes, called an investment, it should be considered for the long term, not something that can generate daily income. Bitcoin is a good profitable investment but it would be unwise to just invest in bitcoin without an outside job. We need to have another source of income to spend on daily life and have a plan to spend and invest accordingly. Because investment is not always favorable and always produces profit, so don't expect too much from it. Try to keep your investments separate from your day-to-day expenses, so you don't have to panic or panic when the market is volatile. If you do, you will be in complete control of your game.

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Quote from: pgbit on September 09, 2022, 02:30:05 AM

Apart from holding bitcoin there are also people who are trading in other cryptocurrencies. Day traders are doing their trading on a daily basis and profiting from the market fluctuations that are going on at the moment. Some People are also investing in gold business after holding Bitcoin. A lot of people are also trending towards real estate where there are always chances to earn good profits. Since the market has been going down for a long time and There is quite a bit of ups and downs in the space, which is why people who have held bitcoins are now switching to other different businesses. Because there are many profitable businesses outside of the crypto industry.However, even within the crypto industry there are good, quality, solid projects where the investment can earn more returns than Bitcoin, and people are investing there too.

I would guess that staking and even gambling would be addition to this right? I mean crypto is not just there to hold and do nothing, if we are talking about bitcoin then we could invest that bitcoin into something else and earn bitcoin returns just like how you would with bitcoin savings account.

Like for example freebitco.in has 4%+ interest rate, which means that if you invest 100k worth of bitcoin then you will earn 4k+ money from it by the end of the year. That's the important aspect of the situation and I agree that it is going to be quite difficult and tough to overlook such income if you are planning on holding bitcoin for the long term.

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Quote from: Xampeuu on September 09, 2022, 02:55:42 AM

Quote from: ethereumhunter on September 09, 2022, 01:44:59 AM

What is called investment is a kind of savings for the future and they are still doing something so they can buy their daily needs. Those who work elsewhere and earn a salary set aside some of their money to invest in bitcoin. It's the kind of investment they've made in the real world. The difference is that bitcoin does not have a physical form like previous investments. While rich people can have whatever they want and if they have bitcoin, they are adding to their wealth list.

like what I'm doing now, where I work real in the office sector, so even though bitcoin has decreased, I don't feel too panicked about it, because what I use is cold money, in fact I can still buy it with the rest of the salary I receive to invest in bitcoin if decreased again. that's why many people can't control themselves when it's bearish, because they use money for their living needs in investing

You are lucky to be able to buy bitcoins with your salary so that you can still invest in bitcoins. But not everyone can be as lucky as you because they have other needs besides investing in bitcoin. But as long as they can match their spending with the remaining money they have to invest in bitcoin, they have the opportunity to make a profit in the future by selling the bitcoin at a high price. That way, they have savings that can be useful for their life in the future.

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Quote from: Xampeuu on September 09, 2022, 02:55:42 AM

like what I'm doing now, where I work real in the office sector, so even though bitcoin has decreased, I don't feel too panicked about it, because what I use is cold money, in fact I can still buy it with the rest of the salary I receive to invest in bitcoin if decreased again. that's why many people can't control themselves when it's bearish, because they use money for their living needs in investing

If you visit the market today, then you will see an increase in the price of Bitcoin and it is still worth mentioning an increase even though Bitcoin is still at the $20K price level, but it is much better than having to stay below $20K for a long time. And what you are doing is actually very appropriate because you don't feel pressured by price fluctuations and market conditions when you use cold money for Bitcoin and keep the money you use everyday for your needs. That is a very good strategy and also you can continue to invest without having such a heavy burden.

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Quote from: wagmi on September 04, 2022, 01:40:51 PM

But to be successful, we can also be normal, private citizens and don't need to be entrepreneurs.

Thats when you are referring to a career or being successful in your field of study (i.e Doctor, lawyer, or banker) but when it comes to business, to be very successful, one needs to have the mindset of an entrepreneur, because an entrepreneur is someone who virtualizes a problem and the best possible solutions to such problems in other to create a conducive environment

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Some very early HODLers are private citizens, like Lazlo but he should have kept a few of his Bitcoins, when he purchased his Pizza.
It's unfortunate for him but he was an early Bitcoiner.

But you never can judge. Who knows if that 10,000 BTC was the only money he had on him and he desperately needed that pizza to the point of trading it for his BTCs simply because he never knew BTC will be a life-changing asset today, which is why at times its always good to sacrifice our present wants for our future needs

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Quote from: ethereumhunter on September 09, 2022, 01:44:59 AM

What is called investment is a kind of savings for the future and they are still doing something so they can buy their daily needs. Those who work elsewhere and earn a salary set aside some of their money to invest in bitcoin. It's the kind of investment they've made in the real world. The difference is that bitcoin does not have a physical form like previous investments. While rich people can have whatever they want and if they have bitcoin, they are adding to their wealth list.

like what I'm doing now, where I work real in the office sector, so even though bitcoin has decreased, I don't feel too panicked about it, because what I use is cold money, in fact I can still buy it with the rest of the salary I receive to invest in bitcoin if decreased again. that's why many people can't control themselves when it's bearish, because they use money for their living needs in investing

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Apart from holding bitcoin there are also people who are trading in other cryptocurrencies. Day traders are doing their trading on a daily basis and profiting from the market fluctuations that are going on at the moment. Some People are also investing in gold business after holding Bitcoin. A lot of people are also trending towards real estate where there are always chances to earn good profits. Since the market has been going down for a long time and There is quite a bit of ups and downs in the space, which is why people who have held bitcoins are now switching to other different businesses. Because there are many profitable businesses outside of the crypto industry.However, even within the crypto industry there are good, quality, solid projects where the investment can earn more returns than Bitcoin, and people are investing there too.

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Actually there is no person who lives only with this crypto currency. Atleast he works in any company or office. Because it is not possible to live only with crypto. We should earn some other way to spend money to live our life. In crypto we just have to be patient when bear market or market goes down when it is time to earn something from our market.It is true that we need to hold bitcoins in our virtual world. Because we can enter the virtual world in the future. Where paper money has no value, the whole world will run with these cripto currency coins. But that's why it's very difficult to get rich quickly from here.

ethereumhunter

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What is called investment is a kind of savings for the future and they are still doing something so they can buy their daily needs. Those who work elsewhere and earn a salary set aside some of their money to invest in bitcoin. It's the kind of investment they've made in the real world. The difference is that bitcoin does not have a physical form like previous investments. While rich people can have whatever they want and if they have bitcoin, they are adding to their wealth list.

Despairo

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I don't think there's a person who only rely on Bitcoin investment without doing anything in their life, at least they're an employee on someone company. For people who're using Bitcoin as store of value, they will work to get money and put most of his money in Bitcoin because fiat value always decrease every year. They would have a business, they would have another investment, they might become an influencer and get many audience for his referral reward etc.

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Quote from: bitcampaign on September 04, 2022, 02:06:36 PM

they will probably buy it back after selling it above $60k and I know they will wait for the price below $20k to buy it back, usually people who are long in bitcoin and hold it are not that easily lulled by their wealth throwing their money away, of course they will spin the money them to multiply profits

The rich people makes money out of money.
So definitely they have bought sufficient Bitcoins in this bear market.
For these cunning reasons they have become rich. Whereas a normal person will just hold his money, but a rich and cunning person will anyhow try to make more money from Money.
Bitcoins have made this easier for these rich brats and for this now they are leaving their lives more lavishly.

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