They work differently because these two poor and rich people have different views on the future.
Rich people spend their money on something that could give them returns or profit while poor people spend their money on something don't have. They don't afraid to risk their money because they believe that it works fine and with a plan. But poor people don't do it because they already think about failure and losses.
Your argument is wrong, if you say the poor buy things they don't have, do the rich always buy things they already have? When it comes to profit, they will always buy it for their benefit. When it comes to future outlook, I'm sure they also want a happy ending. In my opinion, why do people become poor and rich because of their mindset about how to manage finances, no matter how little or how much money is managed, people who are good at financial management always maximize their money for developing their business, whatever they buy is definitely aimed at smooth running or productivity in business or work. IN my humble opinion - in most case - Rich people would spend their money for their purpose that could give them returns or profit while the poor people are struggling with their bills spend their money on something don't have. There are many opinions that differentiate the mindset of the rich and the poor, but all of these opinions cannot be leveled, because sometimes the situations and conditions are different. Like rich people, I'm sure most of them have been born into families that were originally rich, and at least are well off. So surely, the habits of their rich parents will be taught to their children. So from a young age they are used to an affluent life, and when they grow up, they only have to ask their parents for capital, and they can start running their own business. And when it comes to people who are poor, there are also those who were born from backgrounds that are indeed poor, there are also those who were initially rich or affluent, but because they could not manage and organize their assets, they eventually became bankrupt. Not a few people who are poor at first have rich parents, but because their children feel too safe and feel they don't need to look for wealth anymore, in the end their children fall down, because they have never learned about the difficulty of making money. So in essence, when it comes to spending money, sometimes even rich people waste their money just for fun purposes, maybe it's even rich people who buy a lot of things that really aren't important. Because they have a lot of money, most of them waste their money on things that really don't really matter, such as buying expensive bags, expensive shoes, and expensive vehicles. Even though if you look at its use, items that have low prices also have the same use (I'm here taking my opinion from the facts). And while poor people, in my opinion, tend to save money all the time, because their income is mediocre, it keeps them thrifty. Of course they only buy basic needs, even if they are cheap, the most important thing is that they have a use for them. |
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A cryptocurrency become popular in many countries in the past years, one of the reason is the spike of the market price of Bitcoin which become a trend. There are a lot of people that wanted to invest on it because of the profit on cryptocurrency especially on Bitcoin where a lot of people believed. There are also cryptocurrency that become popular like Ethereum, Dogecoin, XRP etc. But what is the effects of cryptocurrency on the Economy?
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It's true, the main factor that makes crypto a popular asset, is due to the price spike that has occurred in bitcoin. Because of this incident, many other cryptos or altcoins have emerged, and made crypto an asset to be reckoned with, especially bitcoin. With the presence of crypto digital assets, it is indeed a good opportunity for many people to start investing. Because one of the advantages of investing in crypto assets is that it's easy to register, you can use small capital, and in essence many people can invest in crypto from various backgrounds and it's simpler to run. With all these factors, it will automatically have an impact on the economic growth of many people. It can be said that crypto assets are currently a fairly promising alternative way to make money. Even though crypto assets have many advantages, it's always good to be careful when investing. Because the name of risk is definitely there, in any business it is also included in crypto assets. And the conclusion that I can draw from the existence of these crypto assets is that crypto assets can make many people aware of the importance of investing. and in terms of the economy, if taken from the positive side, in essence it is clear, after the existence of this crypto asset, many people have been helped financially, and it has become a promising source of income. But if you look at it from the negative side, there are also quite a few people who have suffered huge losses due to crypto, and most of this is due to fraud, and they have not been able to analyze the market properly. So in essence, crypto assets also have their good points and bad points. But all of that can be minimized by continuing to learn about the science of investing in crypto. |
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In life there are many peoples wants freedom and this is available in day training and not any restrictions that whenever and wherever you want to doing work
If we thing about that are in enjoying with your family there you are also allow to work as well and also enjoy
Also freedom from your Boss.
I also believe, that every person on this earth, would want to get freedom, especially financial matters. But that doesn't mean that financial freedom means being unemployed, in fact, people who are already financially free, as far as I know, are more hardworking people. Because usually people who are financially free always have a forward mindset, such as opening a business and investing. Talking about doing daily trading, it will definitely require a more thorough and more optimal analysis, so it definitely takes more time to do the analysis. But in my opinion, people who do daily trading (like in crypto), can be categorized as people who have a job, because doing market analysis is not an easy thing, it takes quite a long time so that the results are maximized and doing analysis is a job too. So in essence, when it comes to financial freedom, it doesn't mean being lazy and doing whatever you want. But financial freedom is a time when you feel that you have more than enough of your possessions, have enough income to live on, and are no longer worried about using your possessions. And if you want to reach this stage is not easy, it takes extra hard work to live it. |
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Staking when price fall you just buy more and put in to staking once price goes up you don't need to sell it you continue to staking so after u earn more.
The new feature on exchangers the EARN could be one of the best ways to earn income some of them Even no lock up or little as 14 days.
No liquitation risk and you sleep well newbie friendly method..instead of trading off course If you know what you doing trading good Also but staking Are great one.
Regarding risking crypto assets, you are right that sometimes by risking them if you are lucky you can get quite large profits, but it takes a strong enough mental preparation for all the worst possibilities, namely in essence a sizable loss. Maybe for people who dare to take high risks it would be great. It's like staking crypto. This method is indeed a simple way to do, especially for people who are busy with other jobs, surely by staking crypto this is an easy method to implement. But all these conveniences, do not escape the name of a fairly large risk. One of them is the occurrence of a sizeable price decrease in crypto assets, something like that will create a sizable loss for people who stake on the crypto, especially if you stake crypto by locking the assets, you will definitely face losses. and for beginners in crypto, I don't recommend doing this crypto stake method, for fear of being scammed. Because beginners still have very little knowledge about trusted sites or blockchains. |
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I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.
For this reason, all the actions you take must be well calculated and mature, so that no side effects will befall you in the future. Moreover, this is related to other people, it will definitely be even more big risk for you in the future, because this problem is related to the realm of investment. But because you have taught your friends about investing in crypto, so in essence what you have to do now is teach your friends as a whole about investing in crypto, so that your friends can think more deeply about their decision to invest in crypto. If you have told and taught your friends about all the things needed to invest in crypto, such as telling the risks that must be faced, how to analyze the market and how to get profits. If you have taught all things related to crypto investment to your friends, and your friends continue to invest, in this position you don't need to worry anymore, because you have taught your friends about all the science of investing in crypto. |
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Youth are interested in Bitcoin because it's easy to work with if you understand the ntrigrity also it's a way to make money, over time BTC has risen, and with this, the youth may be interested in a way to do business digitally.
We need to talk more about the benefit of Biticion in other to attract more youth because the majority do not know how this coin works.
At this time, most young people still don't know about crypto digital assets such as bitcoin, even those who already know most of them only think at a glance and don't want to profit from digging deeper. But things like that are natural for young people, because most young people still have unstable minds and most of them still really enjoy their youth. But that doesn't mean that young people nowadays don't invest in bitcoin, especially in this sophisticated era, investing can be done by anyone. Even though there aren't many, young people who are starting to invest in crypto (bitcoin and altcoin), are currently experiencing a significant increase. So actually there is no need to do anything serious to get young people to invest in crypto, especially bitcoin, because nowadays information is very easy to find, it's just that the most important thing is to be able to filter it before trusting the information. For example, like advertisements on YouTube, I personally often see application advertisements related to the bitcoin/crypto market. Surely young people who are often active on social media must have occasionally seen advertisements related to bitcoin/crypto. So actually it's only a matter of time until young people today can get to know crypto(bitcoin) and invest in it. And if only today's young people are aware of the potential of investing in bitcoin (crypto), of course it will have a positive impact on their future. Provided they are willing to fight "to learn more about bitcoin (crypto)". So don't be careless in investing. |
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Therefore, I ask, what would the forum be like without signature campaigns?
Would it be more sanitized?
Would it be less filled with spams?
Would there be fewer alternate accounts?
I think this forum will be as active and busy as usual, because the people who join this forum are mostly people who are currently investing in crypto and beginners who want to invest in crypto and all of them also want to add insight through discussions in the this forum. However,this signature campaign has proven to be more encouraging for forum members to be more active in this forum. Because besides they discuss to add insight or solve a problem, while they advertise a particular site and they get paid. I think this signature campaign has had a good impact on the growth of the forum, because forum members have become more enthusiastic in competing to make posts that are very high quality and useful for fellow forum members. And when it comes to spam posts or alternative accounts, for several years there have also been moderators whose job is to organize and filter every post. Even though for example there is no signature campaign, I'm sure the forum members who are appointed as moderators will definitely continue to filter spam posts and alternative accounts in this forum. |
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As the crisis in Sudan persisted and countries tried to evacuate their citizens in the troubled country, an unexpected event played out that Bitcoin become the only way to reach some victims who were trapped in the desert with no money or bank networks.
This is the situation with some Africans who are currently trapped in the desert at the moment since the buses evacuating them stopped in the middle of the desert leaving the Nigerians who were running from the crisis to have no choice but to look for alternative ways to continue their journey back home or ease their pain while waiting for another rescue, the situation is more worst because most of those involved have no money left on them and they were relying on the government arrangement to get them back from Sudan to Nigeria but at the moment reports have it that the buses drivers have stopped the journey halfway and for the past 3 days most of the Nigerians have been left in the middle of deserts left to fend for themselves.
The role Bitcoin played in Getting financial help to the victims:
Some of those on the evacuation journey have to reach out to families and well-wishers seeking for funding to help ease their pain and since there are no bank networks in the desert and no way to send or receive fiat money, I suggested the use of Bitcoin to get money across to a friend who is stuck, and all we needed to do was to send the money to his Bitcoin wallet without any restrictions or delays.
The Bitcoin was received within a short time, and this gave me more satisfaction using Bitcoin in the time of crisis, the only problem is how he can exchange the Bitcoin and make payments that will help his struggle in the desert but the joy is that he now has access to funds through Bitcoin, and the stress to exchange into any local available currency or using Bitcoin to make payment on p2p if he meets anyone that use and accept Bitcoin is far more better and lesser worries, than the troubles of not having access to money at all.
Indeed Bitcoin is a life savior
Where did you get this information, because I think the story you wrote is a bit difficult to digest. But if the story or information is true, will the trapped people be able to get out safely now? Seeing from your post, I understand that the people who are trapped are rescued by intermediary bitcoin. Indeed, bitcoin can really help many people, especially those who invest in it. Because if you never buy or invest, how can bitcoin help. So basically people are helped by bitcoin, because they invest in it. So now back to your story, I want to ask you, is there an internet connection in the middle of the desert where the trapped person is? if anything, all your stories can be slightly understood. But suppose there is an internet connection, bitcoins are also sent successfully, but how do you use them or exchange them for fiat money? because in the middle of the desert, I don't think there is access to it. So I think, if you are trapped in a desert like the one in your story, what you definitely need is food. Even if you have a large bag of cash or tens of bitcoins, but if there is no place to buy them or use them (such as in the desert example), I think all of that will be useless, because what you need when you are stuck in the desert or anywhere, surely the first thing you need is food. |
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Working as a civil servants have always been my thing, I work from Monday to Friday which to me is normal, I feel proud doing it until I started trading bitcoin.
Having a steady and long-term job is what many people really look for, because having a steady job puts a person in a safe zone. Salaries always flow every month, there are old age benefits, transportation allowances, and health benefits. Because of that, for most people, becoming a civil servant or being able to work in an official company, has always been a promising goal for many people, and it is a very normal thing for many people. And it's only natural that you start to feel the difference when you get into the world of crypto investment, especially bitcoin. Because investing in bitcoin will definitely provide a different situation, especially in terms of profits. What you usually receive is a monthly salary, but when investing in bitcoin, if you are proficient in buying and selling, you can receive a salary within a day or a week. So don't be surprised if you feel attracted to bitcoin, because you will definitely feel something different after investing in bitcoin in terms of earnings and timeframe ("investing bitcoins in the short term"). My question is guys which do you prefer, a steady monthly salary which you know that no matter what, it must come once the month ends or a business/ trading/ any other thing which you can do that you earn base on performance and you have the capacity to earn ten fold of what a civil servants might earn if you are good at it, but there is also a possibility that you may have a bad day in the office which you may even incurred some loss.
Which do you prefer an why.
I will definitely take everything I can, because in life we have to be on guard, take the opportunities that exist, and have to balance in all aspects. Permanent job I will make this job as income for my safe zone or center, and now I'm also starting a small business because I don't want to be an employee forever, I also want to be independent, and lastly I also invest in bitcoin, because I believe bitcoin will continue to have great potential and can double my money in the long term (if there are no obstacles and it goes well). So basically I think about each of those things in the short term, medium term, and long term. |
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Suggest ways to deal with unexpected expenses?
Unexpected expenses in everyday life have always been a concern that is quite influential in society. Because everyone will definitely feel surprised when there is a need that suddenly approaches. Lucky if when the need comes, you still have a reserve fund, but what if when the need comes, you don't have money or a reserve fund. Certainly a feeling of panic will come over, and maybe the way out is to borrow money, and even then if someone lends it. From my personal experience, to deal with unexpected or sudden expenses. In essence, we must be more self-aware of all aspects related to our lives. Like being aware of saving, being aware of income and expenses, being aware of bodily health, being aware of distinguishing wants and needs, and don't forget to be aware of the future. Because you need to remember, there are many kinds of unexpected expenses. Examples include illness, renovating a house that may be the result of a natural disaster, vehicle damage, and children's school fees, which may suddenly have payments that must be completed quickly. So the point is to always be self-aware about each other's financial situation. |
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The question here is, will this new Blockchain technology be able to solve this problem?
will it return the trust of the remaining 76% of the USA citizens who lost interest in consuming their own country's produce.
would this Blockchain prevent infected food from reaching the mouths of unwitting humans in the future?
what do you think about food preservation is it fine by you, knowing fully well that these preservatives can be dangerous to health?
In my opinion, the problem lies not in the sales technique. Because all companies that are engaged in the food sector, including in America too, must have carried out maximum sales promotions. But the problem is the matter of the ingredients in these foods, namely chemicals or food preservatives as you wrote. Now everyone knows and is aware of the preservative content in certain foods, especially in foods that can be stored for a very long time or fast food. Even though these preservatives have been approved by the government in each country, it's no longer a secret, that chemicals that are put in fast food or put in as preservatives, will definitely cause side effects on the human body. Even though the effect is not felt immediately, in a period of several years if consumed continuously you will definitely feel the effects of these chemicals. And about the blockchain system, if it is applied to a food sales system, I think it might be fine. But maybe it just needs adjustments to its consumers. |
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Greetings to all.
Although the primary use of Bitcoin has been as a speculative asset or a store of wealth, its underlying technology, the blockchain, has the potential to completely change a variety of industries, including finance. The growth of DeFi in particular has created new opportunities for developing decentralized financial applications that are open, safe, and available to anybody with an internet connection.
The decentralized system that is applied to bitcoin, will indeed be very good if it can also be applied to a fiat money system, especially if it comes to adopting bitcoin, it will definitely be very good. Because if the system is implemented in a country, it will definitely make many people financially free. But for now and maybe not for a while, this decentralized system will not be easy to implement. Because we live under the leadership of a country that is controlled by its leaders and government. So even logically we are already trapped in a centralized system, and it will be difficult to get out of this system or rule. So the key for this decentralized system to be implemented in a country, of course, is the leader and also the government. Because if the leader and government cannot accept this decentralized system, it will definitely be difficult to implement it, maybe even impossible. |
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I really just realized about the meaning of this coin. Without realizing it, the word coin already has a very complex meaning in various aspects. Because when I was at school, I only knew that the word coin was metal money, and all of that was true. Coins or sometimes called coins (from the English coin) are metals that are used as a tool for economic transactions and are usually issued by the government. Usually coins are round although this is not always the case. Source: https://id.m.wikipedia.org/wiki/Uang_metalBut now the word coin is also used in the crypto world. Even though crypto doesn't have a physical form, why can crypto be called a coin? So it seems that it is true, the meaning or meaning of this coin has become widespread. Not only is it used for money that has a physical form, but the word coin can also be used for digital money or digital assets such as crypto. |
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Okay, So let's start with the impact of the COVID-19 pandemic on the global economy. The pandemic has caused unprecedented disruptions to businesses and supply chains around the world, leading to widespread unemployment and economic contraction. In response, governments around the world have implemented massive stimulus packages to support individuals and businesses, which have led to concerns about inflation and currency devaluation.
When Covid 19 took place, indeed the world economy at that time was very bad for some people. The epidemic that hit at that time forced everyone to limit their activities, causing companies, factories, schools, hospitals and even places of worship to be closed or the number of people reduced. That is what causes many people to be laid off from their workplaces. And the impact all of that has on people varies greatly. There are those who find it very difficult, because they only have a little savings. There are also those who are normal, because they had enough savings when Covid 19 hit. So it's true that Covid 19 has caused many people to suffer, but for people who don't have a lot of savings. And for rich people it has the same impact, but they can overcome it by having large savings. one potential solution that has been suggested by some is investing in Bitcoin and other cryptocurrencies as a hedge against inflation and a store of value in uncertain times like this. What do you think about this idea? Do you believe that cryptocurrencies are a reliable safe haven asset?
I agree with your opinion, but not all crypto, only bitcoin I agree. Because apart from bitcoin, I really doubt it, because other cryptos or altcoins have unstable price volatility. There have been many examples of altcoins that have collapsed and not risen again. So I don't recommend crypto other than bitcoin. |
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Thoughts on this. Now at this time. It would be almost impossible to make a physical Bitcoin. But with advances in technology it could be possible. Maybe if you have just whole numbers of Bitcoin, eg 1 Bitcoin.
i am thinking its possible into a almost like a paper note format, with bar codes etc on it. It would be centralized in physical form almost, but i think it could be possible to actually have a physical aspect that could be moved in the real world.
What are your thoughts on what a physical Bitcoin could look like and an idea on how it would work?
In my opinion, bitcoin is not suitable if it is made into a physical form, because if bitcoin is used as a coin in physical form, I am sure that changes will occur to the existing bitcoin order and system. Besides, bitcoin is different from currency in general, currency usually has a fixed price and someone manages or regulates it, in essence, ordinary currency is centralized. While bitcoin is the opposite of the fiat currency, bitcoin is not centralized or decentralized, and bitcoin has a fluctuating price. So if bitcoin were to be taken into physical form, how would it work, like fiat money? I think it's not suitable. And in essence, the current bitcoin system must maintain its authenticity at any time, so as not to change its vision and mission. |
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Ethereum is a good example of a long term investment. The coin has ranked among the top cryptocurrency investments and has shown alot of potential for growth in the future.
Bitcoin is an excellent example of a short term investment. Day traders have made quick profits by buying and selling bitcoin within a single day.
Are you not wrong to write, that ethereum is a good crypto to be used as a long-term investment asset and while bitcoin is instead used as a short-term investment asset. In my opinion, your opinion is not quite right, because actually it is bitcoin that is more suitable to be used as a crypto asset for the long term, not ethereum. Because bitcoin has so far been proven to have the most stable price among other cryptocurrencies. Indeed, bitcoin can also be used as a short-term investment asset, but in my opinion it would be safer if bitcoin was used as a long-term asset. And your opinion about making money fast from investing in crypto, I don't agree, because in my opinion investing in crypto is not an easy way to get fast results, even if it's investing in the short term. Indeed, there are some people who get fast results from investing in crypto, but you should not follow the path of little success. In essence, you have to think realistically. |
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Somehow the contents of Elizabeth Warren's grandmother's mind, I think maybe it's like she doesn't have a key in her mind and heart. Because he has hated the crypto system that is currently running for a long time, even though if you think about it, this crypto system is very good and very efficient in managing transactions to make them faster and safer. But until now Elizabeth Warren's grandmother has not been able to open her heart and mind to study or explore this crypto system. Indeed, I also know, that not everyone on this earth has to like crypto. But in my personal opinion, if you really don't like crypto, go ahead. But don't incite other people to join in the anti-crypto ideology. But in essence, we as investors in crypto, don't take too seriously what comes out of Elizabeth Warren's mouth. Because I'm sure, this ideology will not have a big effect on crypto. |
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There are only two ways to invest in bitcoins from some topics I have read in this forum, to buy a big amount of bitcoins once and to buy small amounts regularly according to a plan.
Indeed, when you want to invest in bitcoin, the methods you mentioned are often used by bitcoin investors. Because these methods are some of the basic techniques used in purchasing bitcoins, so that they are more efficient when they want to set prices and can get bigger profits. But that's only part of the technique, there are still a number of other techniques, which can be used when you want to invest in bitcoin. So if you call it only two ways, in my opinion your opinion is not quite right. More precisely, you can call it one of the buying techniques when you want to invest in bitcoin. And you don't forget about the analysis that must be mature every time you make a bitcoin purchase. Because even though you use the technique or method that you described, you don't use good analytical techniques. Still the result will be less effective. Because analyzing the market is one of the most effective ways to make us profit by investing in bitcoin. |
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Which country between these two would you rather see welcoming crypto and fully embracing Bitcoin? China? The United States If the choices were only those two countries, I personally would choose America, because for some reason, when it comes to crypto, I prefer America to China. Maybe because America is wiser in responding to the presence of this crypto, for this reason I prefer America to China when it comes to crypto. I read an article that says that upon the ban of Cryptocurrencies in China over 30 million Chinese are using Crypto in the country.
At this point in Bitcoin and crypto life, Ban is no more an issue it seems, what do you think about this? It's like saying a country ban VPNs where as you can bypass any country's FireWall.
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In my personal opinion, preventing or prohibiting people from staying away from something that is digital will indeed be very difficult. Because there are many ways to trick him and it will be difficult for the government to trace. So it's only natural that Chinese citizens can invest arbitrarily in crypto, even though the government has banned it. So basically it's true, banning crypto, so people can't invest in it, is difficult, even impossible. |
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From the look of things bitcoin price will not come up soon, I guess is better to hold on till when it will show strong signal before putting in money again to escape losses and people who their investment is long over due are already victims of the Price dropping. We should try to be careful this period that bitcoin has not direction. Imagine a friend investment $2000 but what is currently left in his wallet is $400, and the deep is still bearing down the nuds.
Hold on, but if you must buy now be wise to use spare income.
Concluding the current bitcoin price by saying that it will not increase in the past is not quite right, because if you look at the current bitcoin price movement, I'm sure bitcoin will continue to increase. Just today bitcoin has increased, and has been able to penetrate the price of $ 29,999.90 (5.93). So if you buy bitcoin now, I'm sure it's the right thing, because if you keep procrastinating buying it, you're afraid the price will go up. So there's no need to worry, if you want to buy bitcoin at the current price, because the bitcoin price listed now will still go a long way and continue to increase. And in essence, if you invest in bitcoin at any price, in my personal opinion you will never experience a loss, because the price of bitcoin will continue to experience a significant increase every year, especially when the bitcoin halving arrives, of course the price of bitcoin will soar. |
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