but whatever it is, if it's debt then we have to pay it at the right time. the problem is if we use debt to invest, will it be able to return on investment while we ourselves know we have to pay it at the right time plus the interest that has been agreed upon. well I think debt is not good, someone owes is due to a sudden need that is sure one day it will be able to return it.
Debt is good if you use it right. Just imagine you really needed money for medical or hospitalization expenses and your money was not enough. How would you solve it? Either you ask for money for free or you just borrow money and pay it back as soon as possible, so still, it is a good debt as the purpose of it is for good, but again, no one in the world wants debt; they just don't have a choice as they don't have money, but if they have enough money for sure, they don't want to get into debt. |
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It's also a shame to see some parents not to know what their children are doing in secret, i count it as being insensitive enough to know that your child is gamble being a student whereby gambling requires money to do it, also i will blame the parents the second time for the kind of upbringings the child was exposed to that has led to his thinking about comitting suicide, how did they arrived at training their child having that kind of mentality, he would have been so used to making friends or too used to an open environment full of different atrocities.
The biggest shame is for the casinos explicitly targeting youngsters though. They know they are unaware of the real value of money, they know they are hardly able to manage it appropriately, they know they are more likely to develop a gambling addiction, they know they are less likely to sue them or to make any other things against them if they are scammed. But they don't care, they have already made billions of USD from them and they continue to target them through social medias and streaming platforms like Twitch or Kick. But behind those losses there are tragedies. It is very sad to hear some news regarding to this it breaks my heart knowing that the man who had died is just a teenager. I just that a little precautionary measure of a gambling site owner will be applied so that it would give them some awareness that they might go into addiction if they dont know what really they are doing and also it will give them some tips not to push too much. and this that I believe parents will suffer the most because they did not watched over their children as this age? coming to conclusion of cutting their life just because of gambling. I become a gambler my self back in younger age but never that I turn myself into deciding committing suicide . Sorry for the loss of the family , this teenage can be a successful person if did not cross this path. Mental health is really the issue now a days because there are a ton of people, mostly teenagers, that have been through it. Sometimes we will say it is easy to overcome, but it is not, as this really depends on the emotional aspects of the person. I am just worried that they can easily do it, which is not thinking of their family. Even in my childhood, I never thought about suicide, and in that generation of mine, there are really no suicides that I've heard of. Always think that you can find and earn the money that was lost, but your life can never be back. |
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The answer is yes because you being wealthy does not mean that your finance can't decline, it very important for everyone to save wether you are reach or poor, that's why the rich is always in search of lucrative investment because of the fear of being poor, the rich look for more money by investing in different things in other to keep their wealth by so doing they are practicing savings in disguise.
There are also instances where those rich people are like addicts to earning money, meaning they want to earn more. As you know, if you are earning a lot, you will now want more, and being rich means you need a lot of things to be paid for, so if you don't find another source of income or your earning keeps slowly declining, then that is a huge problem. Also, regarding saving, if you are rich, you can now easily save as you do have a ton of spare money. |
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To be honest, Bitcoin really helps, helps a lot. This happened to me personally, and I'm sure many people have changed their lives for the better and have enough income from Bitcoin and cryptocurrencies in general. I can do work from home, having this job as a sode job is really worthy. Sometimes the result is more than the monthly salary. And this also affects some acquaintances who really focus on working in Crypto. They really changed his life, and they are hard workers in this business..
A lot of people really helped because of bitcoin, and we are the same, as it really made me experience how to own that money, which was my first time in my life. For sure, others' lives have also improved because of bitcoin, and others, like unemployed people, also earn from it. What is really best about crypto is that it helped those in need, like no exception, even if you are poor. The opportunity really knocks on your door, like for me. I was just browsing the internet and found the wordbitcoin," and that was the start, which also led to new online friends. |
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I have always wanted to ask this question is it that there is no opportunity or they do not want to get rich
Mate please more to this I am confused here.
The rich and the poor, geographically their economic life is like salt water with fresh water, whatever is done is never combined, even though millions of dollars are given to the poor as capital, they still can't use it, they tend to only be able to spend, not income, that's why poor people can't be rich economically. Another reason, I see many poor people whose needs are greater than their income, that is one factor, other factors in terms of education are also much different, you know today life is all technology, so if you are assisted by fixed capital it cannot develop properly, bad financial management, always bankrupt, different from rich people, they master and know what is needed and to make money, the rich they make money vs. money begets money. They know how to handle their money very well, but that doesn't mean poor people can't learn to handle their finances well. This can be done by educating themselves, either by going to school or by learning on their own. But for me, one of the reasons they stayed poor, as I've really experienced it, is that when it comes to money, when they can gain huge amounts of money, like it's their first time, they tend to spend all of it, which means they tend to buy this and eat in the restaurant just to experience those things as we haven't experienced them before. I just remember when I was able to earn some money after I finished school, I did tend to eat at those fancy restaurants and have no savings as I wanted to experience those things. Ever since, I haven't experienced those things, but what is wrong with it is that you continue it until you lose all of your money. It is just the control over the things that you are spending on. |
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I don't have experience winning enormous amounts but I've heard stories online and also near our place which is about the lottery, there are others that managed it well. There are others that still continue gambling on it, the problem with winning big is that you are now thinking that your money is unlimited, giving money to others, and throwing a party here and there. You didn't notice you already spent too much. When they saw that their money now is less they will now start to gamble again to try to double it or more as they think they are lucky. Still, there are also other people that not into gambling now I mean they haven't quit as they play occasionally and are in control like just spending their free time as they are now more focused on their business as they really hold that opportunity well.
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This is because of the Binance issue, which is why it is declining, and also because it has been talked about widely here. Just browse the forums so that you can see news about bitcoin, but again, no one can predict the price of bitcoin 100%, and as a trader or investor, we should be aware of it and know the consequences of it. If your friend stores it in a cold wallet, he can hold more, but if it is in exchange, that is really a loss.
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Obviously one should has his personal strategy as trading style is different from one to another. Thats why some will fail and some will archive assets during trade and all of those depends on strategy. Having good strategy can safe you from losing more assets. Following others trading Signals doesn’t make you profitable each time but a good strategy can! But no need to change strategy, rather keep modifying it while gathering experience
it doesn't matter if you follow other people's trading signals because in my opinion from there we can also learn how to learn good trading strategies, I have followed paid signals by paying $ 30 for 1 year and there I learned a lot about technical analysis and until now I always use my strategy. That's good if you are learning from it. I mean, there are trading signals that don't have explanations, just posting charts on their bias, and mostly those newbies are just following them and not learning from them. Though I haven't really relied on the trading signals, you can really learn from others, like how they trade, and you can make your own strategy, but it is really best to learn it and develop it on your own based on your understanding and tweak it over time. |
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As we know that banks are a business that promises big profits, banks collect money from consumers from savings to deposits, when banks get customers who want to save in the form of deposits, banks can freely rotate money, they give low interest to customers and apply interest high at least 2x so that banks get a lot of profit.
Also, don't forget the fees. There are a ton of fees that we are paying to them, but mostly they are on interest, as when we talk about banks, we always think about loans and also interest, which we know is only a small amount, but still, there are a ton of people getting loans from them and also investors in them. Also, there are banks where farmers can easily loan their land, which also has interest, and other farmers can't pay it back, which would become property of the bank, and we are talking about land that is hectares big. |
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Though I don't know the ratio of male to female on this forum I can tell you that you will be amazed if there is an option for sex identity on the profile that there are girls that have been into this for a long period which I'm proud to be one. There is nothing like gender bias in Bitcoin, you like you invest.
The bias in gender in bitcoin is just an illusion and to be honest, the people that keeps pressing on that issue are the ones that's having that has real issue with the bias. Bitcoin has always been inclusive and I think that the reason why we think that there's few women in this space is in the matter of interest, I am not entirely sure but if we look at the demographic in technology, there's more men than women involved and from that assumption I conclude that it's probably from interest in tech as to why we don't have that many women. Hopefully things are changing with more people interested in investing and more people wanting financial freedom. It is mostly women who are not tech savvy or not that interested in something, unlike men, who are curious about everything, but again, Bitcoin is for all. It is just that the decision of the women is that they are not more interested in bitcoin, but if they committed to something, they were more good and had great ideas for earning bitcoin. Like my few female online friends, they always taught me their bias on trading or if there were promising coins. What I would say is that they are smarter and committing to less risky moves in crypto. |
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I don't know the answer could be a long answer but the simplest version of my opinion would be like this
Lend if you want more money while hodl but it has minimum risk, tho it is considered as a risk. and you need a person to use your money. Default on loans is still a thing and problems like this will never be going away. and most bitcoin lending would be on centralized exchange.
Hodl if you have enough money and can forget the noise of the volatility and the purpose is for really long term not a profit in short term and you dont want to take any risk associated with lending activities
Simply having Bitcoin and holding it is a risk in itself. Putting it on loan or getting it into a stake is stacking another risk. It is just a matter of how much can you tolerate with your risk appetite. Also, in my opinion, you are just basically being bored and impatient with profits for holding BTC. Because holding you requires you nothing to do something about it. And you want to do something about it. That is. If you want to lend it, sure. Just take in mind its duration and credibility to which platform, exchange, or p2p you are going to lend you BTC Even holding is the simplest, and if you can't do it. You are impatient and want to make a quick profit, and you use bitcoin to lend or stake. Sooner or later, you will take your bitcoins and invest in riskier things, and it is only a matter of time before you lose. Holding is the best and simplest way, we should take advantage of it rather than get rich quickly for a higher risk return. That is mostly what I noticed with those new investors who want to hold Bitcoin because they want to get rich overnight, which is impossible or possible if you get lucky. ow that people are really impatient, just a simple drop by the Bitcoin newbies are now panicking to sell it immediately, even losing as they are now scared. They really are not thinking long-term; they want the immediate effect and feel it immediately. Those people that are not impatient can really earn a profit. Holding is really the best; you just need to be patient. |
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Noon pa naman talagang ni lilink na talaga ang Bitcoin sa drugs and siguro dun sa movie is same parin , pero I think ang mga tao now is medyo alam na talaga nila kung ano ang bitcoin simula nung pandemic dahil sa value nito. Di na bago ito , madami pang documentaries na talagang sinasabi nila na ang Bitcoin ay masama , nasa tao parin yun kasi tulad sa atin alam naman natin kung anong ibigsabihin nito pero siguro dun talaga sa bago lang naka rinig ng bitcoin yun yung first impression nila. Kahit na Bad or Good publicity nakaka attract parin naman ito nga mga bagong invest/holder/trader so both sides nakaka buti sa Bitcoin ito.
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Not only that, I think they will feel fulfilled because after learning about Bitcoin, they are now having it on their non-custodial wallet. I believe that motivation of giving a reward have huge impact on the interest in Bitcoin of those students
That's true, and these students are still kids. When something was given to them for free, they will never forget that and there will be thought on their minds about what was given to them. And from there, they'll try to learn what's it, how to withdraw or convert it into cash if ever they need it. But just as the others thought, I also wish that they won't sell it too quickly and wait until they're able to know how to use it or at least save it even if it's just a little amount. The important factor here is the practice that they'll learn from doing it. some of those who receive free Bitcoins will keep them. and some will follow the directions for storing Bitcoin. but when they are free to use Bitcoin, of course, their choice will be more to sell their Bitcoin to buy something. maybe teaching the kids to save a fraction of their money in Bitcoin would be more receptive to kids understanding. this is the first step to teach them to invest in Bitcoin. That would really be what they do mostly if they are in need of money. They will learn how to sell it off, but if they learn that holding it could be times 3 or 4 in the future, but again, these are just kids and they want to buy candy and toys. For sure, they will sell it off, but again, it is a good start as they get exposed to it. It may not be now, but a few years later they will stumble upon bitcoin again, and let's say they will start their journey there. |
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In today's world, money has become a precious thing. As before, money is nothing compared to one's ability or education. Almost everything is available for money. Money has become such a key issue. We all run after money. There are people who have as much money as they can He needs more.
While it may be difficult to face the fact that money is often never enough, I think there are steps we can take to manage our finances wisely. Namely, making a budget and managing finances in a disciplined manner. By identifying unnecessary expenses and prioritizing needs, we can control our spending. So, don't let the obsession with money rule your life completely, but use money as a tool to achieve a more meaningful life and build a better future. But because of chasing the money, we can't find the meaningful life that you've said. I know tons of people who really chase money, like working in a job, and even they don't rest; they do whatever just to earn money. It isn't obsession; it is just a need in life for their basic needs, which we can't blame them for. But there are also people who are not really chasing money, like they don't rest. I've seen a couple of people who like doing what they really want, like to relax and play with their family, and mostly they know when to stop chasing money as they more prioritize their health over money. |
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What if the governments across the world attempted to seize all of your crypto assets like the US seized all gold from their citizens in the 1900s. Now I'm seeing articles talking about how the US government is trying to be able claim private property.
I think that ultimately this would be very challenging for any government to successfully accomplish. This would cause a revolutionary period again in our world I imagine....
That can happen with gold with fiat because they're all centralized and tangible, but with bitcoin, it's virtual and invisible. How can they take it from us if we keep everything private? That is one of the great advantages of bitcoin that not even gold has. Bitcoin values privacy and anonymity, so when using it, we need to focus on the benefits it brings us. In case, even if we get caught, the government has no way of getting our bitcoins. They really can't see you if you are just quiet on it. Like a few years ago, our government said that crypto is subject to tax, which was trending in social media, but those people still haven't declared that they own crypto so that they won't be paying tax. The problem with tax is that they are getting a percentage or sometimes a fixed amount on your crypto, which is not good because you can't always earn on it. In other words, you are paying monthly taxes on crypto but you aren't gaining profit. That is why others kept it secret. |
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If you are a really die-hard fan (no matter how much you are into them), then I think it is not best to bet on the opposite team, but as a gambler, favoritism is not included unless you want to lose because you bet to win for that money, and if the odds or if the other team is stronger than your favorite team, then there is no choice but to bet on the stronger one because we know that our chances to win are huge. I am not a fan of football, but I do really like basketball, and when I don't bet, that is when I become a die-hard fan, but if I do bet, I do choose the team that has higher chances.
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Lifestyle choices and personal priorities play an important role in determining how much a person can save. Know how to distinguish between needs and wants and make informed decisions about spending. Assessing whether a purchase aligns with your long-term financial goals and delivers real value can help prioritize savings over immediate gratification. In addition to paying attention to your spending habits and focusing on prioritizing your savings, you can make more deliberate choices about how your income is distributed. This approach allows you to build a strong financial foundation and create a safety net for the future.
well, other than that, another important point is limited income. even outside of lifestyle and priorities, another important thing is how much a person earns each month. there are still very many people who have only enough monthly income to meet their daily needs, or even less. so, if you want to save, we should try to increase the income we have. Apart from that, looking for additional work as well as investing is a very good thing to do. if someone is young, maybe focusing on saving and investing is the right choice. If there is more than $100 left to save from remaining expenses, then it would be better to choose $50 to invest and $50 to save. it aims to increase income, and can also be a future asset. The problem when we are young and we don't have experience on things is that we usually spend it on nonsense. I mean, before my first job, I was earning minimum wage and also single, but still, I was broke because I always bought useless stuff and also alcohol and parties every day. I was kind of new to the world and wanted to explore things, and now that I've seen the true meaning of life, I now save even a small amount because it is for our future. It doesn't mean that if you save it should be big,, any amount will do as it will accumulate. |
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It has a big impact on all people, whether you are a student, a working person, or even someone who is ill and can't work outside. I do have friends like this, and they are earning much more than me working, even though they hire me sometimes to do simple tasks. What bitcoin really brought to us was that it helped us financially, and we also learned something about investing. I would really say that it is eliminating unemployment in our country as they become self-employed.
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Sometimes I used to see the police around my region arresting people publicly playing shot card games and the label it as gambling even though those playing this game don't stake money but the law enforcement agency still categorized it as gambling, so I believe whether or not you stake an amount or just playing for the fun, it all gambling as long as there is a game to contend for the winning unless it sports games if not it all gambling.
Maybe it was because they used cards that were synonymous with gambling that the police thought they were gambling. The authorities could catch people playing cards with their friends even if they didn't use money. So if we want to play sports or anything else, we have to be careful not to use any money so the police won't take it as a bet. But I don't know. The response of each person or the police must also be different and some will think of it as gambling. Games that being use to gamble should be play privately or else this kind of incident will happened. This scenario is happening on my country. Police sometimes planting evidence to all the people that they saw playing publicly because they knew that this people really gambling but just hiding money away from the table. I’m confused these people still wants to gamble publicly while they can always play on their houses privately. Local gambling is very popular in my counter which is why police is very strict on catching them even with just a slightly hint of gambling. The police can easily plant evidence on everyone they see playing gambling, especially if the goal of the police is to arrest everyone who gambles in that place. And while people may hide their money in their pockets or elsewhere, the police can find them. That's what makes me wonder  I think they think that playing in public is still okay and safe from police raids but after information about this gambling activity disturbed the public, the police came and arrested the people. Maybe it's better that they have a place to gamble that people don't know about so they can feel safe. It can be easily tracked by police now a days, as we know there are cameras everywhere and also CCTVs, so no matter how you run if you are in public, it can be easily tracked. Also, with planting evidence, that is really what they are doing as long as they haven't found hard evidence. When some get caught, they will plant it so that for sure they go to jail. Even if it was seen by somebody, they will still deny it. Public places to gamble are not good. I think you can concentrate and enjoy the game in a private and quiet place. |
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People are sure about the return from an investment. However we were able to experience massive losses on some occasions which were completely unexpected. So, investment too kind of gamble. You'll invest today with the expectation to eat tomorrow, but you won't get the food. In such situation what can be done. For two days you weren't able to feed yourself, the next day your mind won't function perfectly to analyse the market. So, the importance of food is high than an investment.
That is why if you have spare money, that is the time you'll invest, not investing first before your basic needs because you are right, and on the 4th day for sure, you'll be unable to stand up and continue your daily routine because you prioritize investment over food. As others said, we should not always chase money; we should also take care of our needs because what will you do with your money if you are now buried? Make it balanced, eat healthy foods, and at the same time, try to analyze where you are going to invest. |
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