The lack of financial education in general is a worrying problem. We teach students about literature, maths, science, ... and we tell them that those are the things they need to know in life. Yet usually, the largest single expense they will have on their lives is a house, and that normally comes with a mortgage. Yet, only a few schools will tell them what should they be expecting, the risks and the consequences of such a contract.
Bitcoin and alts is another case in which people are carefully kept in ignorance by the governments and lobbies.
What can we do to make more people interested in economy and finance and to better educate the youth so that they donīt get ripped-off?
Learning early is better in Economic education is definitely being studied in some schools whether it is junior high, high school and college. This education is very useful for all people in the world because it can facilitate us in managing personal money or in the family and also can avoid us from some undesirable things like poverty or scam investment. |
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Enough to avoid investments that look suspicious, If more want more secure again better not to spend a bit of money to earn income without get risks like participating in campaigns and airdrop. Do not think that it is not profitable, both are very profitable if you really do it.
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Each coin has a chart of data displayed in various markets if this just educated guessing for what the chart is if not to read, sometimes the great people in this case can predict what will happen whether the price will rise or fall.
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Compared to the value indeed bitcoin more expensive than Gold but many people still interested with gold. Because widely used as jewelry that we know many people are using it and more popular than bitcoin. I'm not too interested in gold, I just love bitcoin which has many functions one of them as any payment.
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Of course for now I consider bitcoin as my main income but if it has a job in the real world bitcoin will be my second income. However I must prioritize to earn income on real work even if it is a little but promising.
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We cannot predict what will happen with bitcoin future but It's possibly can bitcoin to lose it's value this can happen if people no longer use bitcoin due to banning the use of bitcoin to make its value will continue to fall even can lose it's value.But if there are people who really support the currency is likely to survive.
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Somebody will not get hacked if people holding private keys of his wallet in safe place and not spread it to anyone. Many people who get hacked because of careless do not keep their private key in a safe place. And also mostly person affected by the hack because it stores multiple assets in various exchange and phishing site.
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It's absolutely will froze in the wallet. Nothing people can do with his bitcoin if there is no people know about the private key of his wallet.
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My greatest fears of bitcoin there is If bitcoin will be regulated i think this is a serious thing because previously the bitcoin is never set by any regulation, in fact we do not know what will happen if it will be done.
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It is very easy to promote bitcoin there are many ways besides that we can also give them understanding about bitcoin with writing or a short article in social media post like facebook, twitter, instagram, and etc. Today most people, especially teenagers and even parents even have been using social media applications.
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It's impossible to make real money disappear, real money has been around for several years as any payment and very unlikely if it is disappear. Although bitcoin is the first digital currency that can be used as a payment for anything, it does not mean making this currency master everything.
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Maybe it's better like buying when market conditions are red, but we can also buy when the market is green. It can be profitable if you know the value prediction will continue to rise.
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We can actually trading when it's red no matter the situation if still have a chances to buy or sell in that condition. Can even benefit from it depending on how you take advantage of the situation. But maybe people need to analyze what will happen to the coin later, sometimes it also requires us to hold some wait the right time if the situation starts to improve.
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I do not know exactly how many people are know about bitcoin but people around the world have known about this currency. Probably from some people of these countries already know but do not use bitcoin at all.
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It is not easy to teach them about this currency, because it is new, of course people who do not have an understanding of this technology will be difficult to understand. I just explain them about bitcoin with what i understand and sometimes self-study is also through some literature faster to understand.
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I'm not trying to sell it when the token i hold is goes down. I'm trying to keep holding the token until the development give something interesting to investor the price will come back to rise after that.
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Good day,
Do you think that BTC is going to reach 20k soon?
If yes do I need to sell all alts and wait for rising BTC?
What to do now ? I am confused!!!!
If bitcoin price is rising it mean also good for altcoin. Although the price of altcoin is down when the price of bitcoin rise but it's profitable too. Just selling your altcoin at a good price don't waste your money just because that. |
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I'm not good trader who good to choice altcoin is the best but I further recommend you to choose Ethereum and Ripple. Both altcoins is on top 5 marketcap and also have big volume trade everyday.
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If that is possible why not, we not know what will happen with eth coins later on. Moreover, the price of ethereum currently equal to the bitcoin price years ago. But bitcoin currently still going strong every time so it will be hard for eth and other coins to beat it
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Bitcoin has helped me from various aspects is friends, happiness, and finances. I do not know what to say at a young age I can make my own money and then helping my closest family.
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