Quote from: JayJuanGee on Today at 01:48:29 AM

Quote from: dezoel on August 09, 2025, 07:22:09 PM

While that is nice, don't you feel sad when you see bitcoin going up. Also I am always shocked to see that people have enough money to live, plus save aside for crypto investment, plus put aside some for emergency fund.

Right now, I can't buy bitcoin nor save aside at all, because I have huge amount of debt. Me and my wife started a business, and I work every single day, and we make very little money for the time, mainly because of the debt of starting the business. The good news is, even after just three months (not even fully three months yet) if we had zero debt, we could survive easily with the money we make. But because it took a ton of loans to open it up, I can't save even a dollar aside. I literally have 10 cents in my bank account lol.

Sometimes with debt there can be options regarding minimum payments and/or how long to take to pay it off, and surely since you have been registered on the forum for as long as me, you have had 11 years to figure out bitcoin and to figure out how to potentially prioritize bitcoin in your life.

Sometimes with investing into businesses, there can be ways to increase your income beyond what you might be able to earn in the long-run even though in the short-run there might be some building of the business. Another thing is that you seem to have had chosen to enter into the business (or at least the loan?) only 3 months ago, so sure some of what you are describing is merely a temporary phase for you and your wife.

I would have had thought that a person registered on the forum for more than 11 years would have had figured out bitcoin by now and maybe even would have had gotten through a lot of his BTC accumulation phase already, yet surely some folks might not recognize the value of bitcoin or they might not be in a situation in which they consider bitcoin investing to be a good thing for their actual circumstances.

Edit: Oh.. now.. I just looked at your forum profile, and it appears that you may have bought this account in late 2016 (perhaps October/November), yet still even getting involved in bitcoin in late 2016 could have still been good enough to get you with a decent bitcoin stash by now, yet you seemed to have had been spending your time and energies y so perhaps your timeline on the forum in the gambling sections, the shitcoin sections and the trading sections, so it can be difficult to focus on bitcoin if you don't know what the fuck bitcoin is and you are distracted by those tangential waste-of-time topics.

It's very disappointing that someone who heard about Bitcoin and is actively participating in Bitcoin related activities but does not have single faith in Bitcoin to consider holding the smallest fraction of it. I have noticed this among some people that they still have not seen the opportunities in Bitcoin, the reason they have not even thought it wise to working on having a Bitcoin portfolio. It's a very terrible mistake that might hunt some people for a long time.

Instead of starting the business, he would have been better off starting a Bitcoin portfolio with the little he and his wife had at that time and forget about borrowing. Since he is in signature campaign, that would have even supported them to consolidate on what they have already acquired and by today they wouldn't have had any reason to be in debt with nothing to fall back to. The money they had before taking the loan would have gotten them anywhere close to 1 BTC as at 2016 when Bitcoin was far lower than what it is today or maybe it may not be up to that quantity of Bitcoin but it would have been enough to get them started without debt.

I just hope that others will learn from their mistakes and take their finances seriously through investing in Bitcoin that have proven to be a reliable asset for investment.