Quote from: puloweh555 on Today at 09:05:17 AM

Quote from: bitzizzix on September 22, 2025, 06:13:35 PM

Understanding its potential is crucial from the outset. Realizing Bitcoin's immense profit-generating potential will spark interest in learning the basics. Learn what Bitcoin is, how to own it, and other fundamentals before proceeding. Everything we want to learn and explore further can be discovered throughout our investment journey, and once we experience the benefits, it will motivate us to continue accumulating more Bitcoin and achieving our long-term goals. This is why it's important to understand Bitcoin from the outset for the long term, giving us time to accumulate more Bitcoin, increase our knowledge, and increase our profits.

It's safe to say that when you're considering investing in anything, especially something as risky as Bitcoin, it's crucial to learn a deep understanding of it. This not only builds confidence in your investment, but also helps you expand your knowledge and increase your profits.

Many people especially beginners sometimes buy Bitcoin without thorough knowledge simply following trends especially now that Bitcoin is at a high price. However they won't be prepared for the high price fluctuations that can lead to panic. However if you have knowledge and have thoroughly studied Bitcoin when fluctuations occur they won't panic because they know that price fluctuations are perfectly normal and can even present opportunities to buy at a discount and hold for the long term. In short investing in Bitcoin requires not only knowledge but also mindset to ensure long term investment.

Is bitcoin risky because it is volatile or for some other reason(s)?

You believe that a newbie to bitcoin needs to learn about bitcoin before starting to invest into it?

Quote from: MusaPk on Today at 05:05:32 PM

Quote from: JayJuanGee on Today at 06:39:03 AM

Sure, I would like to read more posts that were better drafted and even clearly based on personal experiences, yet we have some bots in these threads and we also have some members who are heavily dependent on translation services, so they sometimes are communicating their ideas in very confusing ways. I have had interactions with MusaPk in the past, and I believe that MusaPk is a real person.. but there is no way for me to really know for sure about whether MusaPk is a real person with those kinds of confusing ideas (or confusing ways of presenting some of his ideas).

I am a real person with real ideas and I haven't utilised any bot or translation services for presenting my ideas. You can ignore my previous posts on discretionary income as I have clarified my point of view in this post. I just mixed discretionary income with income generated through other means like income generated from freelancing or by doing some part time job.

Quote from: JayJuanGee on Today at 06:39:03 AM

There is nothing wrong with this statement from MusaPk regarding the fact that sometimes folks might not make enough money through their primary employment in order to feel that they have enough discretionary income, so sometimes they might conclude that the solution for them to increase their discretionary income is to pursue additional sources of income, which increases their discretionary income since their expenses might be mostly already covered by their first (primary) job (or business as MusaPk mentioned as a possiblitity).

I received a WhatsApp message today, it was in Urdu language and it's English translation is, "If in year 2025 your pocket is empty despite having access to WiFi, ChatGPT and Laptop then you are not unlucky rather you are not serious".

There are folks who have good salaries but there are people who are not having good salaries and such people can increase there income by doing some kind of extra work. The money generated from extra earnings can be used to buy Bitcoins, in this way we can hold our Bitcoin for many years. It's year 2025 and we must plan now that where our Bitcoin portfolio will stand in year 2035.

Sure we invest for the future, including 10 years or more into the future.

I was not suggesting increasing income by getting involved in questionable online income generation, but yeah of course, each person tries to figure out what is available to him and also how to balance his time, energies and value in order to figure out how he can build his wealth and improve his future options, whether his target is 10 years down the road or some other timeline.