If you're seeking short-to-medium term profits and have a high risk tolerance, you could consider selling a small portion of your BTC holdings to invest in a few promising altcoins. However, remember that the cryptocurrency market is highly volatile, so only invest what you can afford to lose. But I suggest at least  holding your BTC until the next halving event before you consider sell it for altcoin.

Economic growth is a powerful driver of improved living standards. It creates a positive ripple effect by fostering job creation, boosting incomes, and allowing people to afford a better quality of life. Additionally, economic growth enables governments to invest in crucial infrastructure, such as roads and hospitals, and essential public services like education and healthcare. This improves overall access to resources and enhances the well-being of the population. Furthermore, economic growth fuels innovation and technological advancements, leading to increased efficiency, a wider range of goods and services, and even the creation of entirely new industries. It can also play a role in poverty reduction by creating opportunities and providing resources for people to climb the economic ladder.

However, economic growth isn't without its challenges. If not managed effectively, it can exacerbate income inequality. The benefits may disproportionately favor the wealthy, widening the gap between them and the less fortunate. This scenario limits the overall positive impact of growth on the lives of many citizens. Additionally, traditional models of economic growth often prioritize rapid expansion with little regard for the environment. This can lead to pollution, resource depletion, and climate change, all of which negatively impact health, well-being, and ultimately, future economic prospects. Furthermore, rapid economic growth can sometimes cause social disruption as traditional ways of life are forced to adapt quickly. This can lead to feelings of instability and disorientation, even if material standards improve.

Therefore, to ensure that economic growth translates into genuine and widespread improvements in living standards, it must be approached with a two-pronged strategy. First, it needs to be inclusive. Policies should be designed to ensure that the benefits of growth are broadly shared and reach even the most vulnerable populations. Second, economic growth must be sustainable. We need economic models that prioritize environmental protection and long-term resource management. By focusing on both inclusion and sustainability, we can ensure that economic growth benefits both present and future generations.

In my country, trading and investing in Bitcoin is legal, but it's not accepted as a direct form of payment. We have legal platforms for cryptocurrency trading, and generally,  police won't stop us to check if we hold crypto assets. However, we cannot currently use crypto for direct purchases.


You're absolutely right, we need to prioritize securing our investments. Based on your experience, I think it's wise to either avoid installing crypto-related apps on your main phone or have a separate phone dedicated to cryptocurrency management. Minimizing carrying your crypto-holding phone when unnecessary, especially at night, is also a smart move. Honestly, I'm not sure I could stay calm and avoid looking suspicious if stopped and searched either hehe.

Based on my research, it seems like we're less likely to run out of fossil fuels and more likely to see a decline in demand. This is due to advancements in renewable energy technologies, which are becoming increasingly efficient. In the future, renewables might offer more advantages than fossil fuels, especially when considering their long-term environmental impact. While not gone completely, fossil fuels could become a backup energy source.

However, our current renewable energy technologies still have room for improvement and can be expensive.  Perhaps the government's push for electric vehicles is partly motivated by a desire to attract investors to this sector, hoping to drive innovation. To make a significant shift, the percentage of electric vehicle usage will need to increase substantially.

Source

• https://www.cnbcindonesia.com/news/20240215165624-4-514784/terungkap-ini-alasan-pemerintah-jor-joran-kasih-subsidi-mobil-listrik
• https://www.dw.com/en/are-we-running-out-of-oil/video-68509737

Like others in this thread, I absolutely prioritize healthcare. Without good health, it's incredibly difficult to function, let alone work and earn the money needed to invest. However, your situation raises a concerning question: why is this person choosing crypto over their health?  There could be underlying causes for this behavior. Perhaps he feel hopeless about his medical situation and believe treatment won't help, so they're desperately seeking financial gains through crypto. It might be helpful to understand their reasons and offer support in exploring both healthcare options and responsible investing strategies.


 

University lecturer salaries vary depending on the country. Based on my internet research, here's how they work in Indonesia: Several factors influence salaries, with the government setting base pay standards for public institutions. Rank and experience play major roles. Private universities may offer higher or lower compensation.  Lecturers can be permanent (full-time, more benefits) or non-permanent (potentially less secure). Salary components include base pay (depending on rank and qualifications) plus allowances for teaching, research, and certifications. Significant salary differences exist between public and private institutions. As a result, lecturers may earn incomes that are above, at, or even below the minimum wage.

Personally, I've decided on a strategy that combines number 4 with additional elements. I'm carefully monitoring the market and actively researching promising altcoin projects.  Simultaneously, I'm expanding my altcoin holdings by seeking out legitimate airdrops and participating in worthwhile bounties. This approach allows me to stay informed, build my portfolio, and potentially discover the next big thing in the crypto space

IMO, I don't think so. Piracy severely disrupts trade, driving up the costs of goods, hindering investment, and creating an unstable economic environment. This directly harms businesses and jeopardizes legitimate livelihoods like fishing and tourism. Additionally, ransom payments primarily enrich pirates and fund criminal networks, not whole communities. This money can fuel further violence and instability, hindering the development of sustainable local economies.

I agree with your opinion. While cryptocurrencies possess a degree of decentralization, they are still fundamentally connected to the real-world economy. The investors, traders, and infrastructure supporting crypto exist within the traditional economic landscape. Economic turmoil, job losses, and lack of basic necessities – all of which can result from war –  severely impact people's ability and willingness to engage with cryptocurrency, consequently affecting the overall market.

Large-scale wars, and especially a potential world war, would inflict immense economic distress. Physical infrastructure damage, trade route blockades, and supply chain interruptions lead to a cascade of economic woes. This would fundamentally alter how money flows, potentially reducing access to exchanges and impacting the value of currencies used to buy and sell crypto.

Therefore, the conclusion is that a major war, especially a large-scale or world war, will likely have severe negative consequences for cryptocurrencies. The value of these assets could drop significantly.

Are you sure cooking a meal at home can cost the same amount as eating at a restaurant, even with the same menu? How do restaurants make a profit then? My experience is that cooking at home is less expensive than a restaurant because I don't have to pay for staff salaries, rent, taxes, etc. It's mainly the cost of food and some electricity or gas.

Still, in today's world, it's true that saving or investing requires either cutting expenses or increasing income. I'm glad we live in the cryptocurrency era because it's been a real help for me financially

The cryptocurrency I recommend depends on the person's risk tolerance. For those with a high tolerance for risk, I might suggest a new altcoin project not yet on the market. However, for those with low or moderate risk tolerance, investing in established crypto like Bitcoin or top 10 altcoins (e.g., Ethereum) is a better option.

Personally, I believe starting with an altcoin can be beneficial. It exposes them to the high-risk and volatile nature of the cryptocurrency market firsthand. This reality check helps them understand it's not a get-rich-quick scheme.

Humans are considered resources, right? And I think overpopulation can be a reason to leave one's country.  When there are too many people, the job market becomes incredibly competitive, making it hard to find positions with good salaries. Many companies pay below minimum wage, yet people still desperately apply.

However, leaving your country isn't cheap.  Besides needing money, you also have to adapt to a new culture in your chosen destination.  Every place has its own way of life. Therefore, for many people, emigration is simply not a viable option. Additionally, even stronger countries face their own challenges, and life there might not necessarily be easier than living in a country with abundant natural resources.

Yup, I feel the same. I'm drawn to the potential rewards of high-risk investments. Besides, I frequently collect altcoins through airdrops or bounties, so it doesn't hurt as much when their value drops since I didn't invest my own money. However, when I do buy altcoins, I stick to a top 10 and might occasionally try small amounts of intriguing new ones.  The key is to always use money you're prepared to lose, as altcoin investing is highly risky.

I've used that before. In my country, I used Bank Jago, and it was very convenient for me because I really need easy online access everywhere and anytime.


Based on my internet research, digital banks offer more than traditional banks to satisfy liquidity needs and attract customers. However, it's important to note that deposit interest rates in Indonesia are not guaranteed by the Deposit Insurance Corporation (Lembaga Penjamin Simpanan, or LPS) if they exceed the LPS's stipulated limits.

Pros:

• More affordable transaction costs
• Can be accessed anytime and anywhere
• Easy account opening process

Cons:

• Highly dependent on internet connection
• Risk of fraud with various modes
• Uncontrolled spending due to ease of transactions

Overall, the pros of digital banking still outweigh the cons.

Source:

• https://infobanknews.com/penuhi-likuiditas-bank-digital-ramai-ramai-tawarkan-suku-bunga-tinggi/
• https://keuangan.kontan.co.id/news/tawarkan-bunga-tinggi-bank-digital-optimis-targetkan-pertumbuhan-dpk-tahun-ini

I agree completely. This reminds me of the analogy: if everyone else is moving forward, whether walking or running, and we choose to stay still, we won't achieve our goals and may be left behind. Money doesn't appear out of thin air – it requires action.


That may be true. When researching CBDCs, most articles I've found indicate a high probability of using well-known blockchains. Ethereum seems like a strong potential candidate, as it supports CBDC requirements in terms of scalability and privacy.


I agree with you that using our intelligence and capabilities is essential for building wealth and reaching our potential. Unlike animals, we have the unique power of reason and choice, and it's important to utilize these gifts.

I believe we can significantly reduce diesel and petrol car usage by 2035, though complete elimination may be difficult. We have about 10 years to improve infrastructure for electric vehicles (EVs), enhance their range, and address concerns about reliability. Hybrid cars will likely become more prevalent during this time.

However, achieving this goal in my country by 2035 might be challenging. Our infrastructure is limited, and technology is not evenly distributed, making it difficult for people to adopt EVs.

Thank you for researching these development challenges. Eradicating poverty is incredibly difficult, and we may not be able to eliminate it completely due to its many complex factors. However, I suggest that we can help reduce poverty by building businesses that create job opportunities for those in need. Additionally, volunteering can make a difference – for example, becoming a teacher in areas with poor education.  While we should offer solutions to those in government, we can also take action within our own capabilities as citizens

Personally, if a coin's price drops so low that it might as well be zero, I'll sometimes hold onto it. There's always a tiny chance it could unexpectedly skyrocket. Plus, having a wallet full of coins is oddly satisfying, even if most end up worthless! Of course, if the price is still somewhat decent, I'll cut my losses and sell.

In my opinion, many investors understand the nature of altcoins: investing a small amount can potentially yield significant profits. The challenge lies in identifying promising projects and understanding the risk.  While a small percentage of altcoins may offer large returns, the inherent nature of altcoins is high risk, high reward. This substantial risk often deters investors, leading them to favor Bitcoin or other top 10 altcoins, which fit their risk tolerance and analysis.

If you choose to invest in altcoins, it's crucial to use 'cold money' – funds you can afford to lose.  For example, if you typically budget $5 for coffee, consider allocating $3 to altcoins and $2 for coffee. This way, if your altcoin investment fails, your overall loss is minimal.

I believe it's unwise to disclose extensive family wealth to children before they reach maturity and develop financial responsibility. Premature knowledge of wealth could lead to a sense of entitlement. Instead, focusing on teaching them sound financial literacy is essential. Once they understand how to manage money wisely, they'll be better equipped to handle inherited wealth responsibly.

To prepare for the unexpected, it's wise to create a 'death book' outlining important information. Include details like social media accounts, passwords, cryptocurrency wallet private keys, and other crucial assets. This will ensure your children can easily access and manage your accounts and possessions after your passing.