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1101  Economy / Economics / Re: does bitcoin help in your economy? on: May 04, 2023, 11:29:10 AM
All I can say that, it might be transparent to other people but Bitcoin gave a lot of opportunities to people in my country that are engaging in this industry, for sure once they profit they might opened up a business or buy things using the funds from Bitcoin. In short it still contributing to the number of funds in the economy so despite the economic issues, bitcoin might not get affected by it's inflation it might pump up so people wouldn't be affected by inflation if they have funds for BTC.
1102  Economy / Economics / Re: Use your money wisely. Invest or Deposit ? on: May 03, 2023, 04:51:48 PM
Now you have $100,000 in your account, pure savings, and you don't need this amount of money to cover your daily expenses. Obviously it's good/free money to use at will. Let's say if you deposit the money into a bank and the annual interst rate is 3%, you will get a steady interest income year by year. If you use this money to buy Bitcoin, let's say the BTC drops to $17,000, you'll buy less than 6 Bitcoins. In the long run, what would you do with this money ? And why ?
Things can change at any time, and using all of your savings for bitcoin investment can be disastrous at times, so since these funds are available, you may feel as if you don't know what to do with them. However, I believe that if you have family, unfortunate events may occur, and you may be able to use these funds to save that person's life.So, if you invest all of your money in bitcoin and the price does not rise as expected, you may end up losing your money or losing that person's life. I believe it is now up to you to decide whether to invest some of your money and keep the rest in a bank account.

Exactly, you shouldn't put the funds that you will be needing soon in a volatile market. People always think that investing would always results to "profit" which is not, that's why there's always a risk in investing. Always put money that you afford to lose for you to have a peace of mind when it's a loss if it's a win then congrats. Don't focus on a good side of investment because before you reach that point, there's also a bad side it's like gamble if you have an non-well decision in investment. If you put you're savings then your back up money is on the line.
1103  Bitcoin / Bitcoin Discussion / Re: HODLing Bitcoin isn't merely an "investment" on: May 03, 2023, 04:36:34 PM
It might not count as investment but hodling could also have advantage. Remember when people who bought BTC in a cheap price then opened their address after a decade? Yeah instant millionaire I guess, since we all have different way of earning or profiting. But hodling doesn't also guarantee you success like the BTC did. Investment could also the same but once the BTC you owned are in the market, then you're part of the game already. Unlike hodling you just wait for miracle to happen.
1104  Economy / Economics / Re: Effects of Cryptocurrency Adoption on: May 02, 2023, 02:20:08 PM
As years pass many people hear a lot about cryptocurrencies so they would be curious on how it works something like that. By just simply hearing what is crypto is actually a good thing where you won't need to convince them to enter in this industry, they would do something about like learning if they want to find opportunities. The crypto's convenience is one of the factor why people prefer it than centralized system just like banks. However despite of this growing community in the crypto there's still a lot of country where they are afraid to risk of acknowledging the crypto as if might affect the economy of their country. Good thing US are already open to this topic since you can't deny that crypto is what people want.
1105  Bitcoin / Bitcoin Discussion / Re: Why can't regular flash drives store Bitcoin on: May 02, 2023, 09:42:10 AM
Any software file can be saved or store in flash drives, however we all know that it can be prone to viruses or in short the security of your Bitcoin is not guaranteed. Most of my usb got viruses that the files in there will be impossible to recover. I think in Africa if they are used to flash drives and they could handle their funds in there then it would be justifiable. It's your own risk but it's still not recommendable you should always rely on the safety of your funds which is the software transactions.
1106  Bitcoin / Bitcoin Discussion / Re: How useful is Bitcoin to the youth? on: May 02, 2023, 06:24:04 AM
There's actually a quote says that "the youth is the future" so for them having a knowledge and ideas on how Bitcoin works, would be a huge advantage for them. It's like a weapon when they face the battle in the reality of money talks and sources. I don't find them really becoming a millionaire instant with that knowledge they might acquire early, but starting early would have many benefits for them. They can still enjoy their life as they have investment that could sustain their future.
1107  Bitcoin / Bitcoin Discussion / Re: Bitcoin thief who stole $5M worth of crypto sentenced to 4 years in prison on: May 02, 2023, 03:01:29 AM
5 Million dollars worth of crypto but only facing 4 years of sentence? is this really enough for that huge amount he had taken ?
not sure if I am too exaggerated but I think this is a lifetime sentence because there are many thief there that will risk their 4 years for this amount to live a luxurious life before being caught or after the imprisonment .

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But it is good that we are seeing something in process to take those abusers of crypto in Jail , and with this there is a true justice in a market that they called anonymous and hard to  be bring to justice .

If I remember correctly there's also a case about a man who abused the glitch in the ATM where he became a millionaire. When he surrendered to the police station he only got a year in the prison. So for sure he hide some money before he went to prison but before that he'd spent a lot of money like in a private jet. This cases it's like make people want to be a criminal it's like the best way to be instant millionaire with just a sacrifice of few years. I don't how the justice system works rn.
1108  Bitcoin / Bitcoin Discussion / Re: Advise to a friend on: May 02, 2023, 02:30:05 AM
I don't dare to convince other people in the crypto world because in the crypto world the risk is high, most people who want to invest don't think about losses, but people only focus on profits. for investing in the crypto world.

That's actually good, I also don't want to take responsibility when people loss their funds in something that I convinced them. Maybe I will introduced them how crypto works where they could find some opportunities if they make the right choice. I would tell them the risk that crypto have, and also that risk might be reduce if they study and take their time before they entry to this industry. Those risk doesn't only focus to the win if they might understand it they might learn.
1109  Economy / Trading Discussion / Re: Is it legal for our kids to learn trade? on: May 01, 2023, 11:01:20 AM
I want to know if it right for children that are of 10-15years go in to trade or not because I have a kid friend of about 14years and very eager to learn trading but am scared of the lost and how long it will take him to understand what his doing, because it hasn't been very easy for me. So what your opinion please I need help? because I think is too risky for them to go in to trade for now.

There is basically no age requirement for trading if he has good knowledge or idea about crypto then there is no fear of getting lost by trending. But I think it's better that 10 to 15 year old kids don't come into this crypto world. Because children will focus on their studies at this age which is their most important role. And the next time they finish their studies and step into crypto, their future is likely to be bright. And already there are many people who do not have spiritual knowledge about trading and facing huge losses in future. So people who do not know details about trading should take the advice of skilled investors in this matter only then he can be successful.
Actually it is better if our kids to learn how to trade at their early age because they will have an advantage which is the time wherein they can enhance their skills and get a lot of experience while they are still young. I have nieces and I'm currently training them to be the best trader in the future, I don't pressure them and I make sure that they are enjoying every lessons that I teach to them. Crypto is for everyone and if we want our kids to have a nice future, we should teach them basics but we should not force them especially if they do not want it. Forcing and teaching are different things, we should only introduce them into trading and teach them once they formed interest about it.

What you say is not entirely true, early learning or early education is an advantage, but it does not mean your child will become smarter and better than other children. It depends on their thinking, ability to absorb, and preferences. Just like you can't teach college knowledge to a child who is learning to write, they will never absorb what you teach, and that's why after a lot of scientific research, we have classified what should be taught at each age. Likewise, I don't think teaching kids about early trading will make them good traders.

You have a point, every kids have their own intelligence and also their own pace in learning. That's actually possible for them to learn trading if you think the kid is like Sheldon. Some kids exist like him but if we were talking on bombarding your kid some knowledge that they couldn't even understand just to be like Sheldon then it's not recommended. When it comes to money they still needed to be supervised as they might got the knowledge still their age are immature to make a decisions and emotional stability. They might loss a lot of fund due to rage.  That's why some exchanges you will be needed a valid ID which is for 18+ adults.
1110  Economy / Trading Discussion / Re: Trading not a get rich quick on: May 01, 2023, 08:08:53 AM
For sure he just thought that it was easy to trade and just a single trade you will gain profit. He really make trading as a gambling and doing it without any knowledge of it. That is why no matter how much money you have in trading if you have no knowledge on it you will lose. Always learn first if you dont want to lose all of your money unless it was gambling that you are just basing on luck

In the world there's no such thing as easy money, just like in trading there's always a risk even at investment if you will put your money at a complicated system you need to fix your mindset that you will not get money that easy. It takes time for you to master trading, you have to collect knowledge and experience in this industry luck itself doesn't even always favor at your side. Good trader doesn't involve their money if they know they doesn't have the ability to risk the money he don't have the knowledge with.
1111  Bitcoin / Bitcoin Discussion / Re: Which one is important? Knowledge or Experience? Or both in Bitcoin Learning! on: May 01, 2023, 07:24:21 AM
The way that people who has a lot of experience on something is they are the best to explain that certain things , imean they have their own definition which means they understand it deep as they have years of experience unlike those who just learn it online or somewhere which they are just on tip of the ice berg and not known the true meaning, though if ever you have a chance to ask both then why not to see what is better point of view among the two

This is true, people with different experiences have their own definition on things perspective. It's like two different person looking at "6" but on the other side it looks "9" so they define it in different way. For them to know the correct and fact they should research about it if it's really made to be a "6" or "9". Experiences with proper knowledge would be powerful that can change your life. Because experiences itself is not enough for you to have a widen up your opportunities just like in the knowledge, without experience it's just like a piece. You could apply it in Bitcoin learning so these two are important.
1112  Bitcoin / Bitcoin Discussion / Re: humanity's dream to make a money on: May 01, 2023, 06:40:25 AM
It was humanity's dream to make a money without working ,the bitcoin miner can give u money  without work bitcoin, and all other digital currencies have achieved this dream as well.


Of course it's everyone's dream to make money work for you, but for you to achieve a bitcoin money you'll need to think of the capital investment for it. And in the long term the expenses in the electricity, monitoring and cpu you'll have to manage it and remember there's still no guarantee you will succeed. It's still a good investment if you could handle it because there is sacrifice before you achieve those dreams.
1113  Bitcoin / Bitcoin Discussion / Re: Take good care of yourselves on: May 01, 2023, 05:27:34 AM
Yes it's reality that those who want to make money work hard but don't spend money for making their life easy because they want to save money. I think saving is not bad idea but living life with hazards but don't spend money is not good thing.

Putting more and more money into Bitcoin is good but I think that if a person puts overall money and then there is no other opportunity to buy daily expenses, treatment and many other daily uses. It is the best idea to put little money and then with remaining income make your life simple by spending for different activities.

Some people work their ass for them to save money for the future. When the time comes in their retiring age they could just relax and enjoy their time. For sure they still spend money it's part of life to have fun and enjoy especially when the time of stressful events. I think those people who won't even spend their money just to save and sacrifice their life entertainment, is the addicted to make money because if they aim to be rich in the future they won't even focus on their current situation. I suggest to have fun and save much better if they have knowledge in Bitcoin would be better to invest.
1114  Bitcoin / Bitcoin Discussion / Re: If you had a time traveling machine, then? on: April 30, 2023, 06:31:06 PM
People back then for sure wouldn't even regret about their decisions with BTC current value before. Of course most common expectation if we got asked what we would do if there's a time machine is to buy a lot of BTC. But back then, I don't even have idea what is crypto I'm just a student who thought by studying well would get me rich. So for sure studying crypto would come first so when I got some funds for investment I could also ride the pump since there's no late comers in this industry.
1115  Economy / Economics / Re: My predictions for next decades world economics on: April 30, 2023, 02:46:18 PM
This post would just lead newbies from this industry to be confused worse might follow your predictions. Predictions are not accurate but it could count as your analysis in the behavior that could be the possible outcome in the market. If you are experienced trader then you would already know that there's no guarantee in a volatile system of crypto. You should explore more here in the forum because I think your post should be placed in speculation.
1116  Economy / Economics / Re: I bought Apple stock because iPhones are garbage. on: April 29, 2023, 05:42:29 PM
It's unclear why you would purchase Apple stock if you believe their products, specifically iPhones, are garbage. Investing in a company typically indicates a belief in its ability to generate profits and create value for shareholders.

Just because you're not satisfied with your iPhone doesn't mean everyone else is like you. People have different preferences and priorities when it comes to choosing a smartphone, and what works best for one person may not work for another.

Here in my country, Apple products such as iPhone are well known due to it's camera quality and too expensive for us. Knowing it's background probably it would be best to invest there as I know the quality of iPhone is good but of course we all know that cellphones also has their cons.

I agree with you that people has their own preferences so reading the OP's post I disagree in some parts, if we don't like the products don't invest simply as that.
1117  Economy / Economics / Re: Food Crisis - Improved, Worsen or still the same in your country (No Change)? on: April 29, 2023, 12:06:11 PM
I don't know in here food sources are already a problem even before. But it always results to inflation since demand and supply is what were talking about. It's a problem of course as prices increases the income of the workers are still the same especially those who work for minimum wages. So for a day like $10 and if you minus the lunch, transportation fees and etc. Their income would left only like $5 which is like you're a slave in this economic situation.
1118  Economy / Economics / Re: food supply Blockchain technology. on: April 29, 2023, 10:21:01 AM
Preserving of food is already a thing before even we don't the technology like the freezer that could freeze foods to avoid spoiled foods. If I remember correctly we have different methods I remember the pot thing where they put foods inside then buried them. Even when a long time passes by the foods are still fresh and new. But if you're concern about how blockchain could help people to be aware of their food they intake, I think most of the people are aware of expiration date and still people doesn't care about it. So in short even blockchain couldn't do about it as people already lost their trust.
1119  Bitcoin / Bitcoin Discussion / Re: It Won't Be Long. on: April 29, 2023, 04:09:34 AM
That's actually a good motivation and recommendation you've mentioned OP. I think you forgot some important that are included when you do investment or trading. Your emotional stability is one of the factor that you should be aware since it can affect your decisions that could led to bad ones. Managing your money of course comes first as you do trading/investing you should always have a plan what you put in the market because you might not afford to lose that money that you'll be needing soon. Still that's a good observations take your time to study and do your research in this industry OP.
1120  Economy / Economics / Re: What is your biggest obstacle to achieving financial freedom ? on: April 28, 2023, 05:14:37 PM
The temptation to spend money nowadays is very easy, when we leave the house the temptation to shop or buy is very strong, malls are made even better and more attractive with very beautiful sellers, automotive or apartment marketing is very creative because they use beautiful women which makes it difficult for men to refuse, the temptation that often makes our finances mess up.

It's easy for us people to feel this way if we have money on hand, we have the mindset of "I could buy those I have the money" even those things are unnecessary. Temptation to buy is something we should control, adapting this skills we could save and invest some funds for us to be financial free in the future. As myself it's too challenging to not spend your money worse part is I live near malls that almost everyday that's my path on my way home. I'm in the process of spending less I currently spend only on foods in the malls especially the cheaper ones. Because lately I realized I could save a lot of money before if I wasn't impulsive.
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