Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Constructive Financial Advice Needed
by
CODE200
on 26/10/2020, 17:21:42 UTC
⭐ Merited by irfan_pak10 (1)

However, when I think about my future self, I see nothing positive on the horizon.

I did not see someone walking without getting into places.
There is always hope and you just need to work hard for it to happen.
We are on tough times but giving up should not be an option.
I know it is not easy as it may sound but please do not lose hope. You are still young.
Opportunities will never end. You don't need to seek for it that much, but rather make a way to open an opportunity.



Is worth mentioning that I'm optimistic and never felt this way before, so I'm starting to doubt my nature due to pessimism I've fallen into.
Out of my lifesavings, I have around 1.5K to invest, and I'll go with Bitcoin since I've already invested some.
I found out about Bitcoin for the first time around June 2020, when the price was hovering around 10k+ or something, and since my first purchase, I didn't even managed to buy me not even 0.1 BTC.
What I can afford now to buy Bitcoin at 13K, is less than 0.1BTC.


If you are really in need of money, and you are financing your needs at the same time, I won't suggest investing to crypto. The opportunity is indeed tempting, the price COULD go up and give your profit. Once its price continue increasing it COULD be a huge help to you, personally. But the problem is the word "could" because it speaks for possibility and not assurance. What you need is something that will give you assured profit. I would suggest invest it to something you will be able to sell ;goods, food business or anything that you think will be sold easily. In your case, you need a more efficient source of income and I cannot guarantee it with cryptoinvestments. There is no assurance that the market price will continue increasing and that may hold your capital for weeks or even months. Which I think is risky if you have limited funds.