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If we have right knowledge with self discipline in both things either money or bitcoin we will be good in savings money or cryptocurrency because they both have market values. Huge people earn good money after investing on bitcoin, if you are doing anything with self discipline then it will be profitable in the future. Otherwise, you will only keep collecting information and advices but you can't do good in anything weather keeping money or bitcoin. In my opinion bitcoin is worth for investment instead of keeping money.
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I have seen so many people who only study in their productive time till 30 an above and stay home as unemployed an in same time many people get success till 30 who only have basic education with their money education, determination and right business knowledge. I am not saying without degree or education we will become success , specific theory will studied at sudden period of time but rest is depend on how we handle real life challenge, how to handle failure, how to overcome from unsuccess all this thing will teach you, your own experience in life.
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when we talk about investment in general, Some times in people's life taking loan become necessary for higher study or constructing home etc but just to invest in bitcoin or digital currency like BTC is not right choice because when you take loan at the same time you must repaid interest to the bank then what is the benefit of taking loan? yes, it is true that you can make big profit if luck is in your favour but there is no guarantee that can make profit, sometimes it goes on lost as well that time you can't bear the lost if you invest in bitcoin from loan.
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Every cycle, everyone calls for a bitcoin super cycle which has been disproved over and over again. Since 2017 everyone always calls for 100k BTC which never happens, it will be lucky to hit that cycle, why? because there is not enough money nor is people willing to invest that amount of money just to get a 5x or so return. 400k BTC this cycle is just stupid. In my opinion a super cycle for BTC this cycle would be 130k if your lucky. You can take the same amount you were going to invest in BTC and invest in it basically any top 10 coin and make so much more money.
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Bitcoin was the first cryptocurrency created and is now the most traded and well-known. It was first launched in January 2009 by a computer programmer or group of programmers under the pseudonym Satoshi Namkamoto, whose actual identify has never verified. Invest in bitcoin was my great decision on 2010 because of this investment I am financially independent.
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I don't invest my entire money in one thing, this is really risky if unfortunately something bad will happen where i spend my money then there will be no other option for me that's why I need more investment not to rely on just one. I always divide what salary I used to get monthly base half in bitcoin and half I always invest in my side business. If this business perform well in future then I don't have to do job in future. That's why I don't spend much and my focus is always to invest in such things rather then keeping my money in bank.
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As recession fears mount on wall street and inflation remains well above the fed's 2% target, some of the top commentators in markets, business, and economics have been sounding off on just how bad they think next downturn might be, and how far stocks may have to fall.
Even if a non dollar-denominated asset sees no real gains during inflation that's still much better than holding cash and seeing your real purchasing power undermined. In other words, sometimes you have to choose between the lesser of two evils.
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Yes I always ready to spend crypto when market is down because when market is down then price are lower. The value has multiplied thousands of times over, in the course of it's history. In my opinion crypto are good with long term investment along with crypto there are other more currencies which will give good return in long term like Ethereum, NEM, Bitgert value of these currencies will increase in future. Currently crypto is very important as well as future, world is going towards digitalization and in these digital world crypto plays vital role in future for trading and businesses.
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When it comes to investing, we want our money to grow with the highest rates of return, and the lowest risk possible. In such times I would like to invest in Silver. It is performing well next few years it's demand will rise because in the industrial sector is likely to grow amid the electrification of vehicles, 5G technology, and commitment to green infrastructure. ''Electrification of vehicles, 5G technology and green infrastructure'' this things are very important for development in sustainable way.
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Today, 90% of the central banks are developing a central bank digital currency (CBDC) and 62% are experimenting at the proof of concept stage. The share of countries developing a CBDC or running a pilot doubled from 14% to 26% between 2020 and 2021.
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I have seen in post many people countering who is choosing salary base job but in my opinion those individual who is only one income source in entire family is better not chose commission base job. This is my personal experience I was working commission base job before covid but in pandemic everything shut down including my job, my friends who was working salary base job they use to get half of salary or work from home with full salary but my situation really became drastic. Some how I got job in pharma company now situation is much better, so I preferred to salary base job if you don't have financially support from your other family members.
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Recently I was reading news article, the cash shortages have made life even more difficult in Nigeria, where 63% of the population is poor, 33% is unemployed an only 45% of adults had a bank account, according to world bank. The crisis has added to the woes of surging inflation and a weakened currency.
Everyone has been stranded. There is no hope of survival, everyone is running here and there and looking for shelter. There is no electricity, no water, you cannot go out to the street to buy food. There is nothing you can buy and even the cash is not there. These politician seems like they don't value to the country's people. They don't care about anyone.
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There is two types of person, one who think like crypto is kind of gambling where you have to invest sudden amount then you will become rich and one is who directly said that crypto is useless. People don't try to understand what kind of technology behind this. they Don't try to understand what is blockchain? how it works? what is decentralization system and what is future of technology? When we understand all this then only we can invest our money in right way.
The point is I've been invest with crypto since 2015 and I am actually glad today. The right thing I've ever done in my life is to invest in crypto.
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Farming is prominent field, if farmers didn't face problems in farming then there is less chance to have food shortage. one of the biggest issue farmers face,
that is lack of infrastructure. Apart from this there is many others problems like rising sea levels, climate change etc.
SOLUTION: We have to turn ourselves to be self reliant is best way to overcome from this problem. If you have enough backyard then you can grow so many things which really help you to survive in food shortage. But many people can't afford to get piece of land, this time people must have to start doing kitchen gardening.
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Life is all about choice. People tend to spend their money on what is important to them. But I totally agree with your examples on how people spend money on what they don't necessarily need. Recently, I was guilty of this wasteful spending. I did a monthly Netflix subscription and I just watched one movie for less than three hours because I had no time to watch movies. I regretted this financial waste and will never try it again.
Many people claim that their earnings is not enough but they can afford to buy several bottles of beer for friends in a bar. They would buy shoes or clothing that they don't even need. I have a friend that bought five pair of shirts and forget that he bought anything like that. He later saw the shirts wrapped inside his wardrobe after seven months. He doesn't really need them.
If you are a low or average income earners, the only way you can save is to spend on mostly basic needs and avoid spending for fun or pleasure. Food, clothing, housing and other important expenses should be paramount. Others can be set aside until ones income has been diversified or increased.
Yes you are right, some people pretend that they are financial week or they can't mange their needs with their basic income but actually they are not able to manage their money in right way . I have seen one of my collogue purchase E newspaper subscription for 1 year which cost was around 1k but right after 2 weeks he was start having less interest on such news because of his personal work he had no time and latter on he regretted he have done waste of money but he never learn from mistake what he have done and at the end of the month he always have financial crisis. |
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Facebook and Meta are already failed. Meta platform was one of the most disappointing companies of the last year. Elon Musk, so he done it again with all the critiques, they told him to no buy, it is a bad investment or whatever, well I am not a fan or I have any problem with him, but saying he has no idea what he is doing is absolutely false.
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Specially in countries with high inflation, accepting cryptocurrencies, mainly stable coins, instead of local currency can help money maintain its value.
Cryptocurrencies also offer businesses more flexibility in their treasury planning. Apart from this we can purchase coupon using bitcoin and we can full fill
needs like from amazon, Flipkart, Uber etc. Now a days everything is available on online platform from groceries to furniture. If we are doing shopping that means we are spending huge money. From this money government collect tax that can help to improve country's economy. Bitcoin really help the economy by increasing the purchasing power of the ordinary people in the country
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Everyone has their own regrets in life, this is the nature of human some people are never satisfied what they got in life. I don't blame myself for anything what I have done in past. Whatever I have done in past, if I did something bad for time being but at the end it became good for me. I never ever regret in my life because whatever happens, happens for a reason.
Note: we can't change past nor can't predict future, all we can do is appreciate the present and live in the moment.
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Eating or consumption is everyone's need and if we have a small income then the best solution is to cut the cost of eating, currently there are many restaurants that provide interesting food menus, but if we buy often it will certainly disrupt our finances, it's better to buy ingredients raw in the market and we have time to cook, there are many advantages if we cook it ourselves, first of course it is healthier because we know the ingredients of the food, and second is it is more economical.
This is my personal experience its better to buy ingredients raw in the market and we must have to put time for cook our own food because this is also investment for ourselves. If we prepare food for us and we are eating healthy and fresh food than we don't have to admit to the hospital for food poisoning. Now a days there is lots of news, people use to die because food poisoning. If food can give you healthy wealthy life and happy mind then bad food can take your precious life as well. Once I admitted at hospital just because I had stale food. And yes, this saves enough to cut of food costs, if we make kitchen garden and we start growing like green leafy vegetables, chilies, coriander leaf, as well and tomatoes, cucumbers, carrot and beetroots etc. The kitchen garden helps us to solve our food problems. |
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It's really hard to digest Silicone Valley 2nd largest bank in America is collapse. I am really worried about the current bank crisis. If a bank as big as SVB could fail, I fear a lot more. This incident is forcing me to think about deposit huge money in one bank. We should avoid to deposit huge amount in one particular place or investing in one thing. we can invest in different places like Gold ETF, Stock market cryptocurrencies etc.
Dividends are what got me into investing in the stock market. The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. which means you can pass that on to your kids which will give them leg up in life. its better to trade short term and make profit.
[moderator's note: consecutive posts merged]
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