One of the reasons why there is financial instability is inflation, for instance, a man has been working for five years collecting the same salary and prices of goods and services are increasing day by day, with time such a person won't be able to sustain himself or family with that amount. Just continue to look on the bright side and give life your best.
Indeed, I don't know how long will this inflation lasts it really affects me and makes my life miserable. It is hard for me to do another job but I need since my salary is not enough for us since I am a bread winner. Before I can easily get side jobs but now it is very hard to find and hard to get since my niche is Digital Marketing people cut their budget in some areas and they are now depending on bots. everyone is in the same situation as you, things are worse than ever. But we should continue to hope that this crisis will pass soon because historically, our economy has experienced similar hardships but then overcame them. I was not well prepared when war, inflation or crisis hit us. so I have planned when things stabilize again, I will work hard and accumulate everything to prepare for the further future because I think inflation will also return soon in the future. It is almost a part of the world economy. therefore with the difficulty of getting money we should start spending money according to needs and if there are advantages then it can be saved in the right form of investment. that way it is hoped that we will build assets that continue to grow until we finally get financial freedom. on the other hand for those who are still struggling, at least looking for additional results to accumulate investment, because working from just one source of income I think it will be difficult if we work only as ordinary employees like me, because inflation will continue to rise and our salaries will not keep up, that's what i feel right now |
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So are you using a bank? Do your family, parents, wife, and children use the bank? Many people keep saying banks and CEX are trash, but they still use them every day and are almost inseparable from them. It's a shame that we still use it but always speak ill of it. If all the banks in America collapsed, that would not be enough to prove that the banking system is dead. Why not use banking and crypto together for maximum effect? Why speak ill of a bank when you're going to use it to death?
Most people around my environment are still very happy using banks and even some of them may not even know about the collapse of banks in America so they still feel happy and safe when using bank services through their smartphone devices. This means that there is no need to say bad things to the bank as long as we are willing and happy to use the services of the bank, because not all banks will experience the same thing (collapse). Some banks are still able to stand strong to serve their customers until this moment so that the convenience provided by the bank can still be felt by many people around my environment even though some of them also don't use crypto because they only rely on real business and use the bank to bridge transactions in large quantities when there are certain orders in larger quantities. i agree, I also have no reason to badmouth the bank because I am still using it. moreover, we always criticize the banks that always spread negative news about bitcoin, we call them liars, damn it… but we are no different when we are trying to slander them. It's like we're cursing ourselves. Why don't we use both to get the most convenience for life, no need to speak ill of anyone because everything has its pros and cons. taking advantage of one to offset the cons of the other, using both is what I'm doing. as bad as a bank is, we still need it, especially in my country where every non-cash transaction is always related to a bank, doesn't that help our work, especially those who work in online product sales businesses, of course, will use bank services for transactions. especially now that cryptocurrency is not widely used by most people, so it is even more difficult to transact, even though it has its own advantages. therefore combining the two and taking advantage of each I think it would be wiser |
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Money Markets are inherently unstable, and losses are a natural part of the investment process. If a person loses money in the stock market the first step is to take a step back and assess their financial situation and if the percentages calculated are losing more than the gains even if they survive in the current and normal as it is if I'm not mistaken.
You cant evade losses in stock market because that is natural with it , if someone losses , someone also winning or earning profit from it . If at the very first if you just set a specific budget on what you need to invest and not putting it all then you wont lose all of your money just always think that you should investing what you can afford to lose and also every mistake that happen to you or youve done you should reflect and learn from it so that you wont commiting those mistakes again Not only the stock market but all financial markets work like that, including crypto, the market is a battleground, and losses are part of the market. When someone wins, it means that one or more people are losing. And to put it bluntly, finance will be almost like gambling because there will be winners and losers, there is no win-win. Of course, everyone wants to win and profit when investing. But I think we should be ready to accept defeat as the first thing to do when starting because there is no guarantee that we will only win without losing. Only then, when we lose, we will not be confused and discouraged. Honestly, when investing, I always think I will lose and prepare mentally, I never put myself in a position to win, even when I have made a profit, but I just think I am lucky. preparing yourself not to think about winning is a good thing, where in investment there is no certainty when and to what extent the market will move. so we have to be prepared to hold on in the long term. especially in cryptocurrencies, for example, we invest in bitcoin, of course, at the beginning we have to be brave to take the risk of holding it for an unknown period of time, if our psychology is ingrained like that, it will be easy to keep holding it until we don't suffer losses because we sell below the price when we bought it, we will but many people are frightened because the price continues to fall so they decide to make a sale |
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I'm sure everyone now seems to believe and agree that the best service provided by resellers or sellers will make customers come back to your store. I believe this is one technique that every seller needs to implement if they want to have repeat customers. I can take one example; a clothing store will have loyal customers who will return to shop at the store if the seller is friendly and serves his customers well.
Good service will keep your chances good to generate stable turnover every month. There are several stores that can adopt promo or discount strategy, it really depends on the type of goods you sell. But of course the best service is the most important.
I am sure that first of all you need to provide high quality products if you are a manufacturer, in this case, if you have a wholesale. But if you are a retailer, then you absolutely need to maintain a high customer service and also ensure that the quality of the products is at a high level, because the best service will not help you if the customers will complain about poor quality. You can also think about increasing the range, and preferably high-margin products. Product quality is not an issue for retailers because to sell, we need to sell popular products, have a variety of models, and most of the products will be the same in all stores. What customers care about is the competitive price and the services that the store provides. I agree with many of the comments here, customer service, as well as service attitude, will be the key to ensuring the store's revenue. Another thing that I don't see people mention is that the store's location also plays a vital role in the business. We should have a cool space, close to crowded residential areas as well as places where people often pass by, thereby attracting customers with traditional advertising means that are also effective. a strategic location is indeed one way to increase turnover, especially coupled with taking advantage of today's technological advances where there are many social media applications that can be used to increase sales. after that, many resellers will arrive so that the products we have can be widely distributed through resellers, on the other hand, apart from getting more turnover, we can also provide business opportunities for resellers, especially if there is a limited time flash sale promo, of course there will be many people who actually don't need it until they finally buy it |
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after the project collapsed, there are still many people who believe it will rise, and some investors are still loyal to their belief in LUNA. however for me it is difficult to return, bearing in mind that it is not easy to get investors' trust back, especially for big investors, where investing in LUNA is like doing a lottery, especially now that we are in a bearish period, so there are still many other altcoins that are more worth investing in
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ethereum and binance are good and trustworthy altcoins, I think you are on the right path to choose an altcoin for investing, but xrp I don't choose it, even though this is an altcoin that has lasted a long time and is at the top, but I don't choose it, in fact cardano, polygon, litecoin are my next choice, litecoin seems to be sleeping but I'm sure that later it will actually provide good profits in the next bullish season, while polygon has not yet shown its performance, even though yesterday it touched $ 1.5 but it's back down at $0.9, but fundamentally I think it's worth it
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if the altcoin you choose is ethereum I think it is a wise choice to invest, especially if you also choose bitcoin to invest, of course you just have to be patient to wait for the bullish season to come. altcoins will provide greater profits but also have greater risks as well considering the higher price fluctuations. As long as you don't invest in new projects, I don't think you're doing anything wrong even though it's still a floating minus, from your presentation, do you invest only at one price, because it would be better if you buy it in stages
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Bitcoin has the potential to offer financial independence to individuals who are willing to embrace its innovative capabilities. As a decentralized digital currency, Bitcoin operates outside the control of traditional banking systems and government regulations. By leveraging Bitcoin's open and transparent nature, individuals can take control of their financial destiny, free from the limitations and restrictions imposed by centralized authorities. Bitcoin provides opportunities for secure and borderless transactions, store of value, and even investment possibilities. Embracing Bitcoin empowers individuals to become self-reliant, fostering a sense of independence in the ever-evolving financial landscape.
With Bitcoin, it really makes us feel like we are managing ourselves, where it is as if we have our own bank, and what is even more profitable is that the value is not affected by inflation, so saving is also an investment. although currently it has not been realized, but in the future it is possible to realize it properly given the increasingly advanced technological developments and increasingly crowded human activities, so that something effective and efficient is needed to support human activities |
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Recently, I've been wondering, and based on the people I live with, I'd say that only 20% of them know what cryptocurrency is.
Sometimes I ask my friend or colleague if he knows what Bitcoin is, and if they're young (20-35 years old), they say, "Yes, I've heard about it. But I don't know much about it."
If I'm talking to older people (40–60), mostly they don't know what it is.
We are living in a world of big changes in every aspect of life. But do you think it will be time when cryptocurrency will come into our lives and be normal for all people? Will people be able to trust crypto?
I'm wondering what your opinion is about this.
We are already in the revolution of cryptocurrency and soon we cryptocurrency will be the world currency although we don't know if it's going to be Bitcoin or a new coin that would be accepted by all countries. There are old people who may not know about cryptocurrency but it will get to a time when both young and old would be exposed to what cryptocurrency and Blockchain is all about because it is going to be one of the trending and what people would be hearing ok no radio and seeing on tv everytime. This will not take too long to happen since we are already in the era. if we are familiar with cryptocurrencies it might be easier to believe in the future of cryptocurrencies, but not for other people. therefore many people will believe in crypto after there are official regulations from the government related to cryptocurrencies as well as legalizing them. maybe now many parents find it difficult to believe, but after the transfer of generations there will be more young people or the next generation who will find it easy to access cryptocurrencies |
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bitcoin is the most difficult coin to manipulate, so it is more feasible for short-term trading, actually not only bitcoin but there are several altcoins that are also worthy of trading or even investing. for example, we can see a new project where suddenly the price skyrocketed and suddenly the price dumped, then how do we do an analysis on it, while support and resistance seem unable to be used as a reference for price action
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You should read better learn proper way asap. Now this process may working fine but soon You'll realize that, this strategy is wrong. It is not necessary that every currency you triggered, will follow your patten!! Most of those go down and take long to come back even some of those get scammed. So set a limit i mean stop loss, where you can move on with or without profit but First learn the fundamental. Otherwise you will lose in long timeframe
stop losses are very important in a trade, sometimes it happens a lot after touching the stop loss then the market goes back up and we regret using the stop loss, but after trying to remove it in the next transaction, what happens is that the market is dragged away again and we experience bigger losses and in the end keep holding it until floating in the long run. this is what should be avoided, because when it happens like that it is difficult to think healthily, and in the end it actually actually consumes our capital |
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Trading is not only about controlling your emotions, but also about having a good strategy, risk management, and market analysis. If you are losing more than you are gaining, you may need to review your trading plan and learn from your mistakes.
I think if there is any emotion in trading then we will have high chance of losing money. I think if we are not able to make money by trading most of the time then we need to follow some other rules. Or trade off for some days. We have to do it. When we lose money, we are not right. It seems that I have to withdraw this money. There is no such thing that can be done so that we lose all the money. trading emotions make us wrong in taking steps. this is because after the emotional increase, the brain cannot work properly, so that whatever it has planned actually goes wrong, not according to plan. therefore it is important to control yourself in trading, so that you can think healthily in carrying out all trading plans. it is difficult to predict market fluctuations, these fluctuations are often emotionally draining. therefore trading healthily and don't rush to get big results, but enjoying trading learning will be better |
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So back to question. which is preferred? Married to fiat rich or crypto rich? Although crypto can be created at the comfort of your basement, also the value would plummet quickly to near zero too. Do you think in your life, you would ever see someone marry to crypto rich? btw recent news about ftx being rejected to sponsor a superstar due to it is unregistered tell me marry crypto rich might be a distance dream. Also there would be only 21m bitcoin existed, only 21m couples would be able to married rich. When there is billions of population, a lot of couples may not marry rich, due to unequal distribution, some of the crypto super rich would married hundreds of thousand more.
I think your fears are exaggerated. Marriage cannot be measured by how much money you have, when you want to get married and love each other, that person will be willing to be your partner even though your economic condition is not healthy. I catch your question leading to money that can give happiness after marriage, fiat rich or crypto rich there is no significant difference, because both of them have wealth in different forms. For me, real wealth is not how much money you have, but how to build a household so that it is always harmonious even if it is not supported by a lot of wealth. Happiness after marriage is something that nothing can buy. I think both are equally important, marriage requires money and love. there are many cases of broken households even though they love each other, but are tested with a difficult economy, especially living in big cities, where everything needs money in our every move. but even though you have love and money, whether in the form of fiat or crypto, God will surely give you another test beyond that, so that everyone who is born will have their own problems and conditions, therefore we must be grateful so that our lives are calm |
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I'm sure they won't spend all of it on a down market. because the decline can occur in a defensive manner, not in one round. maybe we have to wait for where the strongest support point is to really be sure where when we buy it at a price we think is already cheap the next round is the increase we will be waiting for not long I'm sure all traders will understand about this where they really have to really understand about managing their own assets.
That's for those investors who have often experienced this so never panic in conditions of declines occurring, but some of them spend assets when a decline occurs because they are afraid of losing all the assets they invest, and some of their traders do not know how to survive in market conditions are dumping and this we have often found, But for experienced traders, they continue to accumulate coins when downturns occur, because opportunities are never wasted. when a downturn occurs the psychological pressure will be even greater, many of them are unable to think well because of psychological pressure, of course in their day they will lose more money. but for those who know it, such a moment is an opportunity to accumulate assets. the bearish season this time is not as extreme as in 2018, where the market worried many people because of the fear selling. but this time there was no visible panic from investors as seen from the market movements |
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Education plays a crucial role in financial literacy, especially in the realm of cryptocurrency. While hands-on experience is valuable, formal education provides a strong foundation in economics and finance, teaching critical skills and theoretical knowledge. However, practical experience is also important, as many successful cryptocurrency investors are self-taught. Accessible knowledge from various sources, such as news, books, and online communities, is essential for navigating this ever-changing field effectively.
Education helps you realize you can always learn and you can also teach yourself. There are those who did not have formal education but they have been able to excel in whatever skill they are into. This also takes a lot of education. Not only formal education is education. But formal education has a better advantage. It opens your mind up to a lot of possibilities. There's every possibility that formal education can help improve the financial literacy of a person. I say this because an education can make a person want to know more about his finances, and this can lead him to more education. Financial literacy is not a thing that is thought in schools but an educated person will use the knowledge he has gathered to learn about these stuff. with schools expanding knowledge then this makes people more careful in financial management. this happens because they have a more distant view so that they can anticipate the bad possibilities that occur if they experience mistakes in financial management. the wrong thing in my opinion is to go to high school in order to have a good job. when in fact if we can develop our own business and manage our own finances, of course we will gain new knowledge from the experience that has been lived |
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Litecoin is only silent but it does not mean it is dead. It will show its true potential once the halving and bull run have arrived. We old timer already know what litecoin is but if we can do a follow up advertisement, that will be great because many newbies don't know this yet and some crypto veterans started to forgot this coin already.
Litecoin is one of the top five i can recomme for someone to buy during the dip because I know that it won't disappoint you, the reason been that it has been in existence for a while and have a good and reasonable reputation to be considered as a digital currency investment over time, you can also invest in Ethereum, which happens to be the best cryptocurrency after bitcoin, you cam invest on them and later sell after hodling, most targeted of the time to sell is after the bitcoin halving when bullrun must have taken place. from the beginning I knew crypto around 2017, litecoin has become my favorite altcoin and has given satisfactory results, but indeed at this time it seems to be silent without any significant movement, but this altcoin is still active and has great potential, it can happen when the bullish season arrives this altcoin will dance with a bang. for investment it is recommended to choose altcoins that have future potential, such as eth and bnb which are the choices even without doing in-depth analysis |
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it's very easy for BNB to reach $1k, it's just a matter of time for the price of BNB to reach $1k and I'm sure the price of BNB will definitely be able to reach $1k soon, therefore I have started doing DCA every month at BNB, because I don't want to miss this opportunity to buy BNB cheaply before the market increase again and I'm sure I won't be able to buy BNB at this cheap price in the future.
BNB will hit 1k$ in this year? How you predicted it’s too easy to reach 1k$ i don’t know. It’s current price 310$ so it’s need to go 3x-3.5x in this year, i don’t see any good news about it. Crypto is unpredictable even you can't 100% predict with BTC. But it’s huge potential coin as a backed by Binance exchange. for the time it seems no one knows exactly, but to reach $ 1k, I think it is very possible for BNB to reach it. I still remember buying BNB when it was priced at $ 15, but it doubled when I sold it, imagine if I held it until now. and it is possible that it will be able to increase many times from its current price, but the timing is difficult to predict, considering that BNB is a potential altcoin with a large product and community |
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Going or moving to another country is of course a very pleasant thing, I have plans to move to a developed country like the USA or Europe, I am currently around 25 years old and I will look for detailed information, and I have friends who work in the USA and are still actively communicating there, I'm sure one day I can go and work in the USA and of course in the long term I can become a citizen of the USA or other developed countries.
Everything has its price, no place is perfect. If you want to earn a lot of money and have a rich life, then settling in the US or developed countries is the right decision for you. But you will also encounter difficulties such as culture, language, lifestyle, and even the stigma of the people there. Not to mention the constant bombings, shootings, and demonstrations... in the US will make you less safe than in your own homeland. As me, a married person, I accept to stay in my hometown, although it will be more difficult, I will be at peace and be able to live with my loved ones. And with the development of today's technology, there are many job opportunities through the Internet, as long as you study hard with the right knowledge, you can easily get a high-paying job without needing to work abroad. the path of life that we will take is a choice, so that each person's perspective will be different, and what makes one goal is happiness, that is where the level of happiness for each person is different. it's the same with me maybe living in my hometown is happier, because we don't want to carry out different customs in other countries, and in terms of materials, of course as long as we try we will definitely be able to fulfill the needs of life according to each other's lifestyle, especially those of us in communities where don't miss technology |
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The main step before investing is to fulfill daily living needs, so if it's safe, then we look at our savings as a backup if something happens so we can move quickly to handle it. after that, if both have been fulfilled, we can budget funds for investment, these funds are truly idle funds, which need to be developed rather than losing value if stored, because of the growth rate of inflation from time to time. This way of thinking aims so that in investing we can be calm in facing obstacles as long as fluctuations occur
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By borrowing so much money in the bank, of course they are also very careful in determining securities guarantees, because they do not easily trust customers who have borrowed and they have a big responsibility so as not to lose in these problems so I think the certificate cannot be sufficient to get a loan at the bank, I think bank regulations are feasible and this is for the security of their institution from fraud, If the amount of money you borrow is small, maybe they can consider it without having to use securities guarantees.
and of course the collateral must be worth greater than the money to be borrowed, the prudence of the bank is no longer in doubt even though there is a markup on the value of the collateral and eventually it becomes bad credit. there are many cases like that so that banks must be more careful in choosing customers by considering future risks if something unexpected happens. but it will be facilitated if we already have a good track record at the bank |
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