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1001  Economy / Economics / Re: Are you Spending Money the Wrong Way in Pursuit of Happiness? on: May 10, 2023, 12:45:55 PM
Money should make you happy but if it doesn't then you are probably spending it the wrong way. See the eight suggested principles to help anyone to be able to get happiness from their money.
  • buy more experiences and fewer material goods
  • use your money to benefit others rather than yourself
  • buy many small pleasures rather than fewer large ones
  • eschew extended warranties and other forms of overpriced insurance
  • delay consumption
  • consider how peripheral features of your purchases may affect your day-to-day life
  • beware of comparison shopping
  • pay close attention to the happiness of others

These suggestions are not mine but are from the scientific findings of EW Dunn et al. They are valid suggestions which even without reading have been practicing.  What are you take on these suggestions? Do you have more to add to what the researchers have discovered about this?

- https://scholar.harvard.edu/files/danielgilbert/files/if-money-doesnt-make-you-happy.nov-12-20101.pdf
All of these suggestions have proven to be good if applied in everyday life. Because applying these principles will definitely bear fruit with a sense of happiness. But here I have another opinion about how to use money for happiness.
In my personal opinion, the name of happiness is very relative for everyone. Because everyone must have a different opinion about happiness and must have different financial levels. It all depends on the situation and conditions of each.
Happiness that can be felt through having money has many ways, especially for people who are rich. There's a lot that can be done, simple examples such as going on vacation to various places, eating at good restaurants, and being able to buy the things you want.

But all of that only applies to people who are rich, because people who have a middle to lower financial level will definitely have a different way to enjoy money. And all of that in essence is to pursue a happiness.
1002  Economy / Trading Discussion / Re: Don't claim to be an investor if it's still like this on: May 10, 2023, 10:16:13 AM
Almost 99% of investors want to deposit today, tomorrow they will become sultans.  Actually it can't be like that.  It could be possible that tomorrow it will be a loss and the next day it may still be a loss.
~
If you think about it carefully, having thoughts like that is actually very humane, because the majority of people definitely want wealth, especially in an easy and fast way. Even people who have such thoughts, I feel, are one's first stage of advancement. Even though having thoughts and actions like that is indeed not right, but with the willingness to invest alone, in my opinion, there has been quite a bit of progress in his mindset. Because there are still many people out there who are not aware of the importance of investing. So is someone who invests and wants to get rich quickly wrong? I think it's wrong, but not completely wrong. Because as I wrote above, that thinking is human nature. But over time, this attitude will change, when you get understanding, experience, and lessons. So the conclusion I can come up with is, if people were investing primarily in crypto, most newbies would have that kind of get-rich-quick mindset. Having thoughts like that is not right when you want to invest in crypto. But don't blame newbies in the crypto investment field for such assumptions. Because they are definitely still in the learning stage and still don't have much experience.
1003  Economy / Trading Discussion / Re: Best Place to buy Physical Gold on: May 10, 2023, 09:49:23 AM
I know this is an awful place to ask this question but please know that I am also bitcoin holder. Do any of you buy physical gold where they ship it to you and if so from where? Just throw me a link to the spot and I'll do my research from there. There just seems to be alot of places to choose from and not all can be trusted.
If you want to invest in gold, I suggest it's better not to go online, because investing in gold online has quite a big risk. One of the risks that might occur is that the site or application will go bankrupt. Meanwhile, when investing in gold online, as far as I know, investors usually don't hold gold physically, but only through data. So when the worst possibility occurs, it will definitely be very troublesome. Because the gold is not held directly by the investors. So I suggest you more, if you are going to invest in gold, it's better to go directly to the pawn shop. Because there you can immediately make transactions and after completing the transaction you can immediately bring the gold.
And I also suggest that if you want to invest in gold, it's better to choose gold bullion. Because the gold content is very high and very pure.
1004  Bitcoin / Bitcoin Discussion / Re: What are the benefits of investing in bitcoin trading? on: May 09, 2023, 11:43:50 AM
In general, Bitcoin is a digital currency that is not controlled by any bank or government. Though, Bitcoins can be useful in trading goods, services, and other currencies.

If you do a Bitcoin trading then you can make more online money with this factor. Here are the benefits of investing in Bitcoin trading:

1. You can easily make online money with Bitcoin.
~

What does it mean to earn easy money?
You need to know, even though bitcoin is indeed the king of all cryptos, it has become one of the most promising investment assets and its decentralized system. But still, it's not that easy to get profits via bitcoin. Of course it will require focus, hard work, patience, and high seriousness to be able to achieve at least some profit. Many forum members have mentioned several times that investing in bitcoin is not a get-rich-quick scheme or an easy way to get money. So you have to start fixing your mind about the view of investing in bitcoin. Not that your view is completely wrong, but that kind of thinking is not quite right when it comes to bitcoin.
1005  Bitcoin / Bitcoin Discussion / Re: What could be the Right and Perfect Counter-Argument for this? on: May 09, 2023, 05:21:58 AM
No one is finding it easy with the high Bitcoin transaction fee. Some of us (Electrum wallet users) are actually stuck because our transactions must be done with Bitcoin. It's sad that we are experiencing this, and what's even sadder is having a Bitcoin critic point this out.
it's true that lately bitcoin transaction fees have increased and are quite expensive. with this expensive transaction fee it will definitely have a big impact on people who want to make transactions on bitcoin, especially the impact will definitely be felt for people who only few have bitcoin assets. Because with the number of bitcoins that are not too many plus expensive transaction fees, it will definitely be very detrimental. So it is certain that bitcoin investors who only have a small amount of bitcoin will definitely feel confused and depressed.
But we, as investors in bitcoin, should not speculate in advance about the current situation or state of bitcoin. Because I'm sure this situation won't last too long.

So for the current situation, especially for investors with not too many assets in bitcoin, if there is no urgent situation, it is better not to make transactions yet, just wait until the transaction fees become cheap and return to normal. But it is indeed possible to make transactions at this time, by setting cheap fees, but it will definitely take a long time for the bitcoins to arrive/confirm.

They don't stop there but go ahead to write a long thread warning people not to invest in Bitcoin, citing this current issue of high transaction fees when compared with fiat transactions. What could be the right and perfect counter-argument for this?
people or websites that write about the high cost of bitcoin transactions and compare them to fiat money, I don't think they have looked at it for a long time. Because bitcoin has been an asset that has low transaction fees and fast delivery for more than a decade. But just because bitcoin ran into a hefty fee within a few days, they jumped on the attack and didn't look back at how cheap and fast transactions in bitcoin were.
1006  Bitcoin / Bitcoin Discussion / Re: If you had a time traveling machine, then? on: May 09, 2023, 03:18:34 AM
If you could travel back in time today, what would you do?
I think most people who already know about bitcoin, will definitely return to the year when bitcoin still has a very cheap price, and will definitely use all means to be able to buy bitcoin at that time. I think that's a very common thought for a lot of people who now know about bitcoin, if only there was such a thing as a time machine.
But most likely if there is a time machine, there will definitely be history that will change, especially regarding bitcoin. Because if there is such a thing as a time machine, people who know about bitcoin's potential will probably be back in 2009-2010. There will definitely be a lot of people buying bitcoin that year, and the result will be that the price of bitcoin will immediately experience a drastic increase. And those who are late to return to the past, will definitely be left behind to buy bitcoin at a cheap price, because bitcoin has increased quite high, so its position will remain as it is now.

And I personally will definitely go back in time and buy bitcoin at a cheap price. But something like this is unlikely to happen, because this world is not a movie or a fairy tale. The most important thing at this time is that we have to put more effort into investing in bitcoin, because the point is to be sure, that the struggle will not betray the results.
1007  Bitcoin / Bitcoin Discussion / Re: Investing doesn't guarantee you to be rich on: May 09, 2023, 02:54:57 AM
The majority of the investors and traders have misconception on investments because they think that they will easily become successful by putting their hard earned money in bitcoin and other assets without understanding that it is just the foundation and they need to work really hard and follow the other
It's true, investing in bitcoin or in other things does not guarantee someone to become a rich person. Because investing is not as easy as turning the palm of the hand. Careful calculations are needed before starting and when running it. Actually it's not just investing, in other things too, which includes the financial realm, if you think about it, nothing is sure to produce and make someone rich. Such as opening a business, opening services, and working (such as in factories, offices, or in the food sector)
Everything is not 100% certain that it will make money let alone make someone very rich. So actually it's not only in investment that you don't have certainty, but in other fields of work you also have the same point, namely you don't have certainty either.
In my opinion, thinking about profits is also really necessary, because in investing, having the motivation to get profits is very necessary. Because if there is no strong motivation, how can you have high enthusiasm to run the investment.
1008  Bitcoin / Bitcoin Discussion / Re: What a shame on: May 07, 2023, 12:08:48 PM
One of the students have a father that's a lecturer and after I got home this student told me that his father said that the government is the only thing that can decide if a currency is fit to be people's currency or not, if the government says no then it's a no, coming from a lecturer this is so sad.

His son have an interest in Bitcoin and now it's left for him to make a choice, I am only surprised how a lecturer can be this dense, something that should be coming from an illiterate.


I am of the opinion that the lecturer who gave this opinion was not entirely wrong, because indeed the government has the authority to determine the legal currency for transactions in that country. The authority of the government in each of these countries absolutely must be carried out by every community, but even though these rules are absolute, it does not mean that people cannot invest in Bitcoin. If you only invest in bitcoin, that's fine, as long as there are no rules that absolutely prohibit bitcoin. I think most governments have made currency from scratch and made the currency legal to be used as a transaction tool. So the conclusion is clear, that indeed the government has the authority for this matter, and this authority is absolute. And don't let it become an obstacle for your students to start investing in bitcoin, because these rules have no effect on bitcoin, because bitcoin is universal and is a very valuable asset.
1009  Bitcoin / Bitcoin Discussion / Re: Investing in Bitcoin in Student Life on: May 07, 2023, 11:42:51 AM
As a student, you already have good thinking power, because you have thought about starting to invest in bitcoin. Such thinking will definitely encourage you to be able to move forward and be successful in the future. Never give up with the situation you are currently experiencing, stay enthusiastic about continuing to invest, especially in bitcoin. Because of bitcoin in the future, many investors agree, that bitcoin will definitely continue to experience a steady rise.
But you also don't forget to keep learning about the investment that you are currently in, namely in bitcoin. Because by continuing to add insight in bitcoin, you will definitely be more confident about bitcoin, and you will always stay calm with your investment.

And about your country still making bitcoin illegal, don't worry too much, because as long as your country's government doesn't make tough laws about crypto users in your country, the point is you can still be forced to continue investing. Because if you think about it wisely, why can bitcoin be banned?, even though it doesn't harm the government, on the contrary, bitcoin can help the economy of its people, but if you ask the government, don't expect too much from the government in your country to answer it with answers wise one. Because it's no longer a secret, they also definitely don't want anyone to be displaced from the existing government system in their country.
1010  Bitcoin / Bitcoin Discussion / Re: Bitcoin overshadowed by economic lie on: May 06, 2023, 01:42:01 PM
All the bad assumptions that have been built by some parties about bitcoin to the public in various countries are already running and many people are consumed by these bad assumptions. I think it will be difficult to fix the problem, because that assumption is deeply ingrained in their minds. So it definitely takes a long process to change their negative thoughts about bitcoin. To be honest, the people around me who know about bitcoin mostly still consider bitcoin as an uncertain asset and prone to fraud.
And I also read a post on the website, about the company Block inc doing a survey to people about their opinion on bitcoin and one of the points they got from the survey result is
Quote
the higher their level of knowledge, the more optimistic they are about the future of Bitcoin. People in Nigeria, India, Vietnam and Argentina have the highest levels of optimism globally about the future of Bitcoin.
Source: https://id.beincrypto.com/block-inc-find-the-main-reasons-why-there-people-who-don't-have-bitcoin/

And I can also conclude that people who know about bitcoin and dig deeper, will have more positive thoughts about the existence of bitcoin.
1011  Economy / Trading Discussion / Re: How to maintain profitability in crypto trading on: May 06, 2023, 07:10:43 AM
I know, there are some professional traders who will like to add to this topic to help people over there so that there will be progress in constant profits making, your opinion is highly welcome.
Maintaining profitability in crypto trading is indeed something that traders in crypto must continue to maintain and continue to earn. Because it is certain, all traders will always want to get profits. But in reality, to get continuous profits in trading in crypto, it is indeed not an easy thing. Because it takes long experience, has mastered all trading techniques (in crypto), and requires totality in carrying it out. But all of these methods also don't always guarantee you can get profits all the time, because you need to remember, this is buying and selling, and when buying and selling you will always experience losses and profits. Because that's how the reality is. Meanwhile, all of the methods that you mentioned, there is nothing wrong with them, but all of these methods only minimize to avoid losses. And it cannot be guaranteed that by carrying out all of these methods, you will continue to benefit continuously.
1012  Economy / Economics / Re: Have a Income? Invest in Crypto or Not? Let's think realistically on: May 05, 2023, 02:04:58 PM
Trading is not easy,
especially when you first try it. I am sure that almost all traders who exist today must have had a dark experience when trading. But by experiencing this dark experience, traders can learn more from their mistakes. So the dark experience that occurred when trading in crypto, can be a very extraordinary lesson for the future, so that it is even more powerful in trading.
When it comes to the capital that must be used for trading in crypto, it is not recommended to use the salary money fully worked, especially those who still have a lot of needs through the salary money. So basically when you want to start trading in crypto, you have to use really cold money/capital. Because if you use money that is still hot, most traders will complain of worry and eventually lose control, because their mentality has fallen. And
I personally, when I want to buy crypto assets, always use money/capital from the money left over from the cost of my basic needs and from the savings I have, so I feel calmer and less stressed.
1013  Bitcoin / Bitcoin Discussion / Re: Does the world still see Bitcoin as a scam, or is it just a lack of interest? on: May 05, 2023, 01:34:30 PM
This question has been raised several times, and I have noticed that some people conclude that the lack of adoption is due to people not understanding Bitcoin or seeing it as a scam.
But I don't think the world still views Bitcoin as a bad thing today, though I know a lot of you thought that, but it is not the case.
If bitcoin is called a scam now, in my opinion, this opinion is very wrong. Because bitcoin has proven, that now more people support it and there are even countries that have adopted bitcoin as a legal transaction tool. So in my opinion, if now there are people who call bitcoin a scam, that's wrong. I am also of the opinion that the people who call bitcoin a scam are people who are not invested in bitcoin at all. They only conclude bitcoin based on illogical thinking, not with in-depth analysis.

Maybe right now there are still people who think negatively about bitcoin, but it seems it's starting to decrease, because now it seems more people are more open-minded about bitcoin.

I feel the reason for the low rate of adoption is just because people think it's not for them. Bitcoin has been around for over a decade, and any thought that most people would have had about it being a scam must have faded by now.
~
I think your opinion is not right. Because in my personal opinion, the reason why not many people have adopted bitcoin is caused by several factors. Such as lack of information, because it is undeniable that information about bitcoin has not spread evenly to all people, so that's why bitcoin has not been maximally adopted. The second cause of the delay in bitcoin adoption is caused by the fear of trying. Because not a few people are reluctant to try something new, because they don't want to take risks that they don't know. Maybe those are some of the factors that have hindered the adoption of bitcoin in my opinion.
1014  Bitcoin / Bitcoin Discussion / Re: THE VIEW OF SOME PEOPLE OVER BITCOIN on: May 05, 2023, 02:37:23 AM
Some people don't see Bitcoin as a normal currency and think it's too risky because its value can change a lot. They also worry that it's used by criminals for illegal activities like money laundering. However, other people think Bitcoin is amazing because it's different from traditional currencies and could change how we use money. Nobody knows for sure what will happen to Bitcoin in the future, but people are still talking about it and interested in it.
Everyone who knows about bitcoin must have different thoughts and views. All of that happens because bitcoin does have very complex and multipurpose uses.
Such as being used as a transaction tool, used as an investment asset, used as an asset that is useful for dealing with inflation, and maybe if from the negative side there could be a handful of people who misuse bitcoin to do something criminal. But when talking about crimes caused by the existence of bitcoin, it's not the fault of bitcoin. But that is absolutely the fault of the people who committed the crime. Because it's not only bitcoin, there are also many fiat currencies who misuse it for things that are criminal in nature, in my opinion there are more examples such as cases of counterfeiting money.

So do not be surprised if there are different ideologies or people's views on the existence of bitcoin, because in my opinion bitcoin is a currency that is very unique and has many uses. Most importantly we have to be wiser in using it, because something that is good too if used by bad people, will definitely be something negative, and vice versa if it is used on good things, it will definitely be better.

And for the future of bitcoin, nobody will know, maybe we can only estimate it, because it's all still a secret, so don't think about it too much, the most important thing is that we as investors must always create a good image for bitcoin.
1015  Bitcoin / Bitcoin Discussion / Re: Bitcoin doesn't give you instant 100 percent profits on: May 05, 2023, 01:51:49 AM
Wanting multiple profits, I think all bitcoin investors also really want to get it, because having the desire to get big profits is a natural thing for all investors in bitcoin. But many people, especially beginners who invest in bitcoin, want big profits and want to achieve them in a very fast time. Such a desire is not wrong, but in my opinion it is not quite right. Because basically if you want to get big profits from bitcoin, it takes a long process. Because behind all that there must be a long process, which must be passed by every investor in bitcoin. So beginners should know this, don't become an investor in bitcoin, but don't want to go through all the processes and stages.
I honestly think there are a lot of beginners starting to invest in bitcoin, but most probably don't learn about it first. So the result is that many beginners act and think inappropriately when investing in bitcoin. But I can still understand, if it is a beginner, and my message is for beginners, don't stay too long in an inaccurate thought like that, as soon as possible you have to be more able to understand and study bitcoin as a whole, so that inaccurate thinking can be fast removed.

So the point is to be able to enjoy the process more, don't want to see the results right away.
1016  Alternate cryptocurrencies / Altcoin Discussion / Re: Embrace yourselves for what's coming on: May 04, 2023, 02:20:24 PM
Gas fee and transaction fees will become a big problem in a bull market, we have been enjoying cheap transaction fees this days because we are in a bear market right now and no one is talking about how beneficial this is, yet some complains about how bad the bear market
For some investors in crypto it is true, high transaction fees have always been a lot of talk. But in my personal opinion, no matter how big the transaction fees are in crypto, these fees don't eat up all the assets you have. In fact, I think that the transaction fees involved in buying and selling crypto are still cheap and not too expensive even during a bull market. So I don't want to worry about transaction fees in crypto, because basically all transaction fees in crypto must have been adjusted very well.

But I also don't think that those who talk about or object to the high transaction fees during a bull market in crypto are wrong. Because it is certain that investors in crypto do not all have very many assets, there must also be those who have few assets. So for crypto investors who have few assets, they will definitely object when transaction costs in crypto become expensive, because for novice crypto investors or those who don't have many assets, when making transactions and the fees are quite expensive, they will definitely feel quite disadvantageous.
1017  Other / Beginners & Help / Re: The fear of losing bitcoin... on: May 04, 2023, 01:46:33 PM
I have seen and witness people involving in bitcoin, most people can not stay a moment without panicking. A colleague of mine who have Minuit bitcoin has buggy me with chats and calls to update if bitcoin will survive this years, why can't people know what you're engaging into first before diving into it and start acting like a child. Different set of people are into this bitcoin, even people don't have investment are making noise of bitcoin price collapsing.
~
That's the problem, many people immediately start investing in bitcoin without learning about it first. Things like this are a fatal mistake, because you could immediately experience a loss, because you panic when you see market prices that are falling and not going up. Usually people like that are people who don't have long thoughts, only hear that other people can make big profits through bitcoin, immediately buy bitcoin without studying their knowledge first. So it's certain that people like that will panic when the price declines, even though if bitcoin declines, it won't take long, and it will definitely rise again. but because you don't study bitcoin as a whole, the result is a lot of anxiety, negative thoughts when investing, and all of that is not a good thing when investing in bitcoin. So for beginners, don't be too hasty if you want to invest in bitcoin, learn and understand it first, after that you can start investing in bitcoin.
1018  Bitcoin / Bitcoin Discussion / Re: Bitcoin Opportunities as a gateway to Community service on: May 04, 2023, 01:14:43 PM
I have been in the crypto world for a couple of years and many Bitcoin opportunities have come my way. Last year, I decided to pledge my crypto earnings from signature campaigns, trading profits, and investments to help the Aeta community in our province. I'm in the corporate world while doing crypto as my side job.
~
Great action friend, because you can make the best use of bitcoin/crypto, by holding charity events and being able to give lots of people the results of your bitcoin investment, this kind of activity must be appreciated. Because it is not easy to be a philanthropist, it takes a high sense of sincerity to carry out these activities.
With good hearted people like you, what's more you give all that help from some of your sales and profit from bitcoin. So it is certain that bitcoin will continue to be viewed favorably by many people. once again Respect to you.
1019  Bitcoin / Bitcoin Discussion / Re: Bitcoin - what is your plan when we reach $100k? on: May 03, 2023, 02:45:13 PM
I do not have much Bitcoin currently but I am planning to convert a lot of the profits I make in my altcoins during the bull run into BTC which I will then hold till the 2028/29 bull run.

I expect Bitcoin to reach at least $100k at the peak of the next bull run, possibly $150k.

Just wondering what we are all planning to do when Bitcoin does reach $100k - are you selling or are you holding till the 2028/29 bull run?
If this price is reached during the bull run in the coming year, which is between 2024-2025, I will sell it, because it would be a shame to miss it. But I'm not going to sell all the bitcoins, maybe only half of them. I will save the other half until the next bull run, because if bitcoin is sold as a whole, I'm afraid all the money will be used up and I can no longer buy bitcoin when the price drops slightly. So if bitcoin reaches a price of $100k in the 2024 bull run, I will sell half the bitcoins I own. Because if you don't sell it at all, I don't think it's the right move, because if there is an opportunity to take advantage, why should it be delayed. And in essence, don't be too greedy in investing.

But if the upcoming bull run in bitcoin price doesn't reach $100k, I will hold it and will wait until the next bull run in 2028.
1020  Bitcoin / Bitcoin Discussion / Re: Stop comparing BTC to FIAT. FIAT is dying every single day. on: May 03, 2023, 02:20:19 PM

Look at $100k.

Now imagine owning $100k 20 or 30 years ago. Wow, that was a lot of cash! You could have bought a home, maybe a nice car and still have some money left in the bank.

Today... do the math and see what you can buy Grin

Inflation is killing FIAT every single day.
Even though fiat money is annually eroded by inflation, it actually doesn't have a big effect on human life. Because the evidence is that people who lived 20-30 years ago could buy food, vehicles, and luxury homes. Nowadays too, many people can afford it. So what I have felt so far, when inflation comes, it will be hard at first, but over time everything will return to normal as usual. So basically even though inflation is approaching, sooner or later all of that will be accompanied by adjustments or solutions.

So stop comparing BTC to FIAT and see the true value of Bitcoin. Don't go "wow" when BTC hits $100k. Because $100k today doesn't value that much anymore. It's still low.
~
I think comparing bitcoin to fiat money is not a big deal, because by comparison, it becomes a very effective measure of the bitcoin price cycle. And actually comparing everything that exists on this earth is one very good way to make this world develop, because by comparing anything, we come to know what gaps are in it, and in the end we can cover these gaps.
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