Post
Topic
Board Bitcoin Discussion
Re: Struggle now to invest in Bitcoin for a bright future.
by
freedomgo
on 22/02/2024, 21:57:47 UTC
Investing in Bitcoin secures a bright future within the current economic landscape through strategic moves.  Although your journey may be difficult and challenging, at times the rewards will outweigh the struggles.  Bitcoin proven resilience and potential make it more attractive to investors.  Embracing the struggle to invest opens up a promising future filled with opportunities for wealth accumulation and financial freedom.
Whatever you said is true, however, not everyone can have the privilege to invest in Bitcoin frequently or even once. Most people these days don't earn enough so they can cover the monthly expenses of their household, have some savings, and then be able to invest in Bitcoin, and I don't think one can cut down their monthly expenses so that they can have more money to spare so that they can invest in Bitcoin, and if one can do that, it can undoubtedly be beneficial for them in the future.

If one says that they shouldn't have savings and invest that money in Bitcoin, I wouldn't agree. Your savings are for personal uses and mostly for emergencies because you can't sell your Bitcoins when you face an emergency, especially if by that time Bitcoin is down and your investment is at a loss.
Savings for investment and savings for emergency funds should be separated, and make sure that if you save for investment, you will only risk an amount that you can afford to lose. But I have to agree that if you want to prioritize bitcoin investment, stop putting your money on unnecessary expenses. Sacrifice your luxury for the mean time. However, if it means compromising your budget for daily needs just to realize bitcoin investment, then I must say that you are doing the wrong thing already.