And when he loses, that is the risk of gambling, and if he doesn't want to lose, he should not gamble and leave gambling forever so that he can be free from that loss. Unfortunately, it won't be as easy as it says because when someone has started gambling, there will be a feeling of wanting to gamble again, and this can get worse depending on one's self-control. And when they get too deep into gambling, they will find it difficult to stop themselves from gambling. So they actually can't blame other people for gambling because it was their own choice to want to gamble and feel the sensation of gambling. People like that have to experience loss before realizing that what they did was wrong and trying to fix it, even though it is difficult.
a common problem that gamblers often do is when they don't want to lose but they still gamble but when they lose they brag and blame other parties and this is a very ridiculous incident that gamblers often do. I understand that there are gamblers like this, in fact almost all the gamblers I know still have this kind of character when they don't want to lose or lose, they keep betting because in their brain they have the assumption that they want to try to get a big win even though logically their mind already says it's impossible to win big while being unlucky and gamblers like this are like going against their own minds who don't want to gamble and are forced to do so. the feeling of wanting to continue gambling actually only depends on your mindset and for me, if a gambler has a good mindset, of course when he wants to gamble again he will firmly adhere to the guidelines in his own mind not to gamble anymore and secure his budget so he can gamble responsibly. Agreed that there are many gamblers who simply cannot accept their losses. A responsible gambler never tries to blame others. Because the time he spends blaming others, the time he spends on something else will be fruitful. If I lose at gambling, I try to keep myself more motivated. Because I don't want to tell anyone about my loss. If I blame one person for my loss, others may make fun of me instead, which can spread to multiple people. Why would I decrease my reputation? But those who engage in such activities should think about this matter quietly. People who engage in uncontrolled gambling have this tendency. If you lose in this case, you should know how to control yourself. There's a time that gamblers could handle their emotions after losing in the casino, but of course after going home when the wife or family finds out that he lost a lot of money, of course their reactions would be mad and angry to the gambler which is there's a tendency for them to be triggered and lose control of their emotion where they would put the blame to others, worst is they would be violent or verbal abuse. A responsible gambler are ready for this kind of scenarios where you don't only have to control your self when playing gambling but also before and after since you know the risk of engaging in gambling. If there's someone to blame it would be yourself cause your the one who started it in the first place. |
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Sometimes, we don't need to listen to what other people say because their comments to you will become your basis in yourself,it's hard to listen and trust what other people say because we don't know what their intentions are when criticizing you, their judgement may be good or bad but at It's better if you will listen to your family and closest one who knows you better and wants to improve yourself in life, for real.
Gambling can either been seen as negative or positive activity, it depends on a person's point of view. Gambling is an open activity in which anyone can participate without any pressure from others. Besides, this is a free world, and I've worked hard enough to pay my bills, so I won't tolerate any type of abuse from anyone; after all, I'm not looking for an entitlement post in either religion or where I work. We are citizens who work sufficiently forceful to ensure that we create our primary income for ourselves and our families, and we do so while simultaneously creating change for pockets. As long as you know yourself why you are into this gambling activity, there's no reason to be guilty of. Because people will always have something to say, no matter what. So if you are confident about yourself, then there's nothing to worry of. Worry if you are loaning the money and spending your basic needs, and you have no financial back-up where you will end up destitute. So in this particular subject, so long you are not bothering anyone because of your gambling activities, there's nothing to be concerned about. Gambling is considered as a negative activity to do as there's a high chance of losing money, and that is the norms that people know about. It is already expected that people have always something to say it's either they care for you or just want to feel better for themselves by just simply saying that your habit can ruin your life. I agree that if you know to yourself that you are a responsible gambler, then there's nothing to worry about what people say because you to yourself know that you can manage the risk of gambling where it can reduce the possibility of addiction, financial issues, health, etc. Thing would be different if you are already married or have a family cause you need to hear their concerns. |
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When people see how others make money from gambling, how they win millions or easily increase their deposit in a short time, then those people are the first victims of addiction. People who are greatly dependable from money - first one to get addicted. Those who gamble for fun, most likely wont get addicted, as they can switch to something other to get fun. Once again, most weak, unprotected stratum of the population are affected most.
I think the group in question is beginners in gambling, because they are very susceptible to being influenced by what they see from people who often win big at gambling, even though what they see is not necessarily true when they see a gambling influencer and streamer for example who collaborates. with gambling sites most of them only display wins and broadcast them to the public and the groups that watch them are the first to start to end up addicted to gambling because they are obsessed with winning big like them. If only they were beginners who considered gambling as just entertainment, perhaps they would not be addicted to gambling and ultimately have an impact on the people closest to them including their family because of their gambling addiction, no one can be blamed for gambling, what should be blamed is the misuse of the gambler, isn't gambling created for entertainment for rich people but many poor people look for luck there but instead become addicted to gambling. It's difficult to advise beginners and this weak group because basically what they see is easy, big wins with millions of money, of course it makes them feel confident that they can get it too as a gambler. even though it is a fake win, people should understand one thing that it is not easy to make money in gambling, lol  They would use famous influencers to gather an audience and would be interested in gambling, I mean we can't blame the influencer because work is work, advertising any kind of marketing as long as you are getting paid you would go for it. Still, it is where most people getting hook up in gambling by seeing false advertisements. I think everyone are aware of how bad the influence of gambling can affect the life of a person, it is already the norm that we know about. I think it is not already about the mindset they have that gambling is easy money to reach millions, but they lack the self-control and manage their emotion cause they already know gambling is based on luck, even for beginners they already knew. Still, they keep continuing since they don't have risk management that can limit themselves. |
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In addition, language, especially in English, because it is the basic language to be able to communicate internationally, and I also see that some people have good abilities but they don't have the language to get a bigger salary abroad, because in my country, the salary standard is still relatively small, also when we have a business it is easy to do marketing and also get investors from outside so that our business can invade or marketing becomes wider.
Learning a major language could be very helpful and could fetch a high-paying job especially if it is related to classroom teaching. But with the invention of various sophisticated applications that could interpret different languages, I doubt if these kinds of skills will be highly demanded in future. Learning how to use AI language interpreters to perform these tasks could be more enterprising. Yes, although basically we can use automatic translator applications for languages but I think it will not be as efficient and effective as we use the language we master, especially if we are in offline discussions or simple conversations to make an emotional approach with clients. I think language is very important in an opportunity, and in various situations when getting a lot of foreign clients it will make us more courageous and confident in interacting with them, as well as in crypto projects themselves where they developers need people to manage communities in different countries, and yes the pay is quite decent in my opinion. I have seen that people are using automatic translators but the thing is some of the words differ their meaning when they have been converted into another language. It is really a great skill to learn another language which can be used not only for communicating abroad but as well you can also use it for teaching which pays a lot. Plus many people are willing to learn the first language cause not all people are using English as their second language, so there would be a lot of clients, especially foreign people. Some would say you can learn online, but it is still better to learn it with a tutor or teacher who could help to enhance your lack of speaking or writing language for example you are having a hard time speaking with the right pronunciation, they could assist you cause not all the time the internet would help you in full potential. |
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When I was the same as you rank I think I have already figured out how the signature campaign works, to make it simple it's just an advertisement that you wear then you get paid. Of course, some companies would hire someone to manage the payments and to check the quality of posts that the members have since there are people who are already experienced in this kind of thing like known managers here in the forum, you can see their names most of the time in multiple campaigns. If you want to gain customers you would make a marketing plan such as advertising such as wearing their banners, signature, logos, etc. You have reached that rank, for sure you have already explored the forum itself like the rules and regulations. There's nothing wrong with asking for questions but if you can find a solution to your concern, there's a search bar in the forum as well in the google.
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Yes it is true that experience is the best teacher in life. If one invests and has no other source of income he will never be able to continue his investment for long. Everyone who wants to invest in Bitcoin should invest in Bitcoin with whatever money they have left over excluding family expenses. If you can't hold a lot of bitcoins at once, you can continue to invest in bitcoins using the dollar cost averaging method.
If those who do not have an income source invest in bitcoins, they must withdraw money from the invested bitcoins to support the family finances. So everyone should start a small business or job in addition to investing in bitcoins. Otherwise, their invested or holding bitcoins will be at risk.
Well, experience is a good teacher but sometimes it depends on the situation and the outcome, let's say that two people with zero knowledge of Bitcoin, then they invest and both lose money. One could be learning from their mistakes they would do their own research, and the other one would eventually quit and have the mindset that Bitcoin is not for them and something like that. Having a source of income is a must not only to provide all your needs but also to have extra money for wants especially when having savings or investments. It would be a hassle to have many transactions since there's a fee where you would invest and you would sell it early cause you would also need money. To make things smoother, find an alternate source of income to have spare money for investment. |
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I always hear stories of friends who always lose playing online gambling. I don't know what his purpose to tell his story to me. even it's clear, his story makes him look stupid.
Besides that, in another place, Many young people around to me still play slot gambling even don't have a job and always lose. I wonder where they get the money for deposits? and why they repeat that?. I don't know what the reason reason that doesn't bother them, they should have given up, and changed the game that makes them profitable. if I always lose in the game, I will change the type of game, example If I always lose on a slot, I will change the type of game like sports betting until my capital is back and try the luck again to the slot.
Their are people who have already made decisions in their mind that gambling is what they can use in generating money for themselves, and they feel they can always get a win in every game they play. It is very hard for them to stop even when they are loosing because their expectations from gambling is very high. Having a high expectation in gambling is what lead people into addiction that they can't just stay of from gambling even if they are losing. People who are jobless will always try their best to raise money just to satisfy their gambling urge, they do not struggle on how to raise money to play gambling, if taking loan is the only option for them they will go as far of doing that. Gambling can generate money that's why some people consider it as an investment when they are a gamble, but you cannot consider it a stable source of money cause gambling is based on luck, and luck wouldn't be on your side, it can even last for a long time before you made your first win. Even if you put a high expectation the probability and the possibility of winning wouldn't change, that's why people should not listen to people who say "You should not quit, you might win in the next round" or something like that. Jobless people are choosing gambling as their chance to change their life because they choose the easy way than finding a stable job, though I don't blame them because, in some areas like in my country, it is really hard to make a decent job that can provide for yourself or your family. Worse is just to satisfy their urge or say that it is for entertainment, where you can observe that your situation is difficult. |
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This reminds me of the videos I've seen before.
- Interviewer: $100 or 1 bitcoin
- Young girls: $100
I haven't seen clips showing how boys/men responded but I'm pretty sure there are some who would choose the $100 as well. Maybe the ratio is 1 boy for every 10 girls hehe.
There are claims that most girls act and think that way because they do not have the natural inclination to provide for anyone other than themselves. Boys are usually shaped as the provider so there's the big difference in mindset.
I like how they argue by the knowledge they have, cause if the girl only knew about $100 for sure she would literally pick it, as the boy chooses Bitcoin cause he's either aware of Bitcoin's value or he's doing crypto. But it is still a win-win situation for the girl cause she knows that $100 is a huge amount, but if $100 is an option for a Bitcoin, isn't she would be curious why is it getting compared to $100? Like how her boyfriend keeps saying Bitcoin? By reading your reply I think I have answered my question, might not be true to all of girls or boys but I think we can observe those claims. |
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When you are about to be addicted to gambling, just apply stop so that you will still have opportunity to gamble another time when you are financially buoyant with a new skills to recover what you have lost in the past in the gambling center.
The moment I won in the gambling center, there is no way anyone can force me to gamble again in that day which it has be my principle over some years in gambling and, I'm very happy with the system because it will not make me regret when I loss or gain in the gambling than to continue doing it till old age occur before I will apply stop.
The ability for us to stop gambling whenever we know that it's not appropriate for us it what we know as gambling discipline. Discipline is a way we can personally control our gambling habits. Habitual gambling could fun to us but it is very important when we different that from how frequent we keep making profits. We should know when to leave gambling and when to go back because this alone will help balance our mental health so that we don't we don't become to quest to gamble everytime. Discipline gamblers always have options that could aid them from analysing how frequent they gamble and what they tend to benefit from every bet they involved themselves. I have been years that I try to have this discipline and this is the hardest thing to acquire in life,at least for me.Lately I am improving a lot as I know have a new rule for me,whenever a slot machines gives you 500 spins without the bonus it is politely saying to you go away as this is not your day,I have started to read this type of hidden messages from slot machines which lead to a better discipline .I am serious about this despite joking around as before I used to play like crazy,I wanted to hit the bonus at all cost and I raised the bet after 500 spins,boom money gone in an instant,I never raise the bet anymore.So overall discipline is very hard to get but once you get used to it,gambling addiction and big lost amounts of money are out of the way. If we already have an addiction, that is somewhat the hardest thing to do because what is in our mind now is gamble and gamble. That is why as early as possible before we go too far from gambling, we have to consider practicing a good gambling habit and maintaining such limits. Otherwise, addiction will hook us up and lead us to irresponsible gambling. But it really depends on us on how we interact with our gambling habits, I don't spend more on gambling and I set a limit, and I should not surpass it as this will be one factor that brings me to addiction. And the outcome is good. Addiction is the worst, not only that they always think of gambling every time but they also think that gambling is a normal thing to do and part of the lifestyle of a person, that almost every day they gamble and drain up their funds that should be for the whole month, I mean there's a lot of responsible gamblers that don't lead up to addiction that we can also copy not necessarily their bets but how they handle their emotions and self-control. People should always practice their self-control in many things, especially when it comes to gambling since it's money that we were talking about. You should not revolve your life around just gambling, you can spend some time with your loved ones, sports, etc. |
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OP, the step you have taken to invest in Bitcoin is really commendable. The best way to invest in Bitcoin is to invest in the DCA method. In DCA method if even a low income person invests slowly then the investment amount will be much higher at one stage. OP, you should be patient and keep investing in DC method, halving is going to happen this year, hope you get a lot of profit in 2025.
However I am currently investing in the DCA method. I don't have a lot of income, but I am investing in DCA method from a small income. I can't afford to buy 1 bitcoin, but my goal is to increase my bitcoin amount a lot.
That's really the best way to take advantage of Bitcoin's volatility by depending on when to invest in the market cause if you all your funds into investment. Well, there's also nothing wrong since it's still an investment if you invested at the right time you would be riding to the moon. DCA method is a good way to invest as long as you are consistent cause you wouldn't have to think of a huge amount for investment but a good timing when to enter the market. That's the important thing in investment is that you have a goal, cause if you don't have any goal to achieve for sure you would be selling at the time that Bitcoins moved into the market. Without any plan could also lead to unwise calls and decisions. No need to rush to accumulate 1 Bitcoin, take your time and eventually we will get there. |
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cashout or wait till the end? That is obviously a big cashout for me
or you gonna feel the greed started to consume you.
When greed kicks in then this is where things starts to mess up on which this will really be definitely be making yourself that be holding up with the current position that you are in and would really be having those kind of thoughts that it would really be a sure win. Actually this would really be basing up with someones preference and risks handling on which we know that it would really be that different to each person on where there are ones who could really be able to make out such control and there are ones who are really that too impulsive when it comes into their condition. I know right even tho I frequently talk to people not to greed but this kind of emotion is very special it always comes to me. If you guys play a crash game when the dragon or the rocket ship hits x2 the greed will be ready for you when it comes x10 if you can't take profit and tackle up the greed you might gonna lose it all. But sometimes you are gonna feel angry when there is people who bet big lets say 100K and win x20 damnnn if we can control fear and greed we are doomed Nah I think you are not the only one who feels it especially when it comes to this kind of game, cause it's like a fast round that it will literally depend on your control if you're gonna cash out early or not. Unlike in some games like poker if you have a bad hand you would fold in the start. I remember when I played a crash game when I bet a small amount it would reach almost x20 so of course, you cash out in that case cause profit is still profit. Now I have tried to raise my bet, like dang the rocket just crashed before it even flew, it comes to my mind if the game is rigged when that happens. Then opened some media like Facebook cause that's what we use in our country, then saw a guy who won his thousands to hundred thousand with a similar game, I'm just like damn LOL. |
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I've been longing to Open my dream business for a very long time now, my dad is an influencial politician in my state. He has companies and some businesses and I've been pestering him to assist me with some funds to start my dream business of having my Own Bar but he never gave me a listening ear. Just on January 2 2024, He sent me #2,000,000 in my local currency which is about ($1560 currently in dollars and 0.037347 in BTC) to start up my dream business.
I was so happy and thankful to him for giving this assistance after a very long time I've been requesting money from him to start up a business.
Now I've furnished and equipped the bar with different brands of drinks. I was thinking of using Bitcoin as a medium of payment for my new business since there have been massive involvement of people from my country in Bitcoin after the initial ban placed on cryptocurrency in my country was being lifted.
My major setback now is the high transactions fees and congestion in the mempool but I've made provisions for my BTC Address to customers but for now they're still patronizing me in fiat.
The picture below shows the transaction I received from my dad and the setting of my bar:
please help wish me well in my new achievement for the year 2024.
Yes, this is a very good decision because it will increase the use of Bitcoin and people will know better about Bitcoin and people will be more enthusiastic about Bitcoin.My question is that if you take payment in bitcoin but the price of bitcoin is not always the same some time it goes up a lot and some time it goes down a lot how do you manage the loss.I support your decision.But if you are able to do loss management. Then you can start it. op can manage this loss easily. after received bitcoin payment for his sales he/she will convert it to stable coin like usdt. so it will not a big issue for them. What will become a problem for him is the law of his country. I don't know exactly what percentage tax is levied on bitcoins by his country's law and whether bitcoin is officially allowed in his country. Because if the answer is taxed on science, it will be very troublesome for him to receive Bitcoin payment and if Bitcoin is not fully legal in his country, he may face various legal problems. So if he can manage all his problems then I think he should do it I think there are a lot of things you would have to consider when making a Bitcoin transaction, well there's no issue if the receiver would eventually converts it to a stablecoin to avoid the volatility that could affect the value of Bitcoin, but the concern is much worse that can cause of huge losses in the business. In the process, there would always be a fee even converting small amounts, even for any transactions to make. Just imagine you would be buying a $1-10 amount but the average Bitcoin transaction fee at the moment would be $15, what do you think is the possible outcome? Also if there are a lot of customers and all of them pay in Bitcoin, I think that might cause traffic and the transactions would be stuck. |
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As a businessman or salary earners here are tips on how to stay poor in life. 1. Spending your money on unnecessary items immediately the money arrives. Trying to prove a point to people by living a standard that is above your pay grade. 2. Live on one source of income. Everyday of our life our responsibilities and challenges keeps piling up accumulating without consideration to our financial capability. The economy and cost of living continue getting worsen. So in order not to be able to beat this piling settle comfortably on a single source of income flow. 3. Become an extremely cheerful giver/lender to friends and family. A wisdom quote I read somewhere said, "if you want to lose your friends and family lend them money". Keeping doing this and you going to be successfully poor. 4.Learn how not to mind your own business, making every events around you your concern even when it doesn't affect you. It's a nice way to make cool enemies. Etc. I trust you all get the sarcasm as conveyed.No one wants to be poor in life, everyone wants to do something good to change their life and become rich. God may make you poor but your efforts can make you very rich. A man can never do anything good if there is no effort in himself. All the points you mentioned here are definitely correct. Going from rich to poor is due to people's laziness, unaccountable movement and spending unaccounted money, and going from poor to rich is also done through human efforts. So whatever you do in life, you must lead life in a way that helps you to do something in life. Life should not be conducted in such a way that darkness descends on my life. I agree, that someone might say they would like to be poor just to be happy for example, living with someone you like similar to the movies is living in a world of fantasies. I mean there's no judgment about that, it's just that the first thing that comes to my mind when someone wants to be poor. Finance is a must-cause that would help you to sustain all of your needs, that's why everyone is making an effort to escape being poor that every day feels like survival rather than living. Rich to poor would be possible from their laziness cause they are used to a lifestyle where money is always there to provide everything they need, so they lack the effort. Both have processed, it would really differ on how they handle life with their hard work and efforts. |
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Financial education is a skill that is not been taught in schools, but to me it's the most important subject a man must learn in other to be financially independent.
This knowledge gives you smart money making decisions, and it improves your standards of living, It gives you priceless money management skill, you can't spend more than what you earn as a financial literate.
I still don't know why it's not been taught in schools up till now.
The rich dad poor dad by Robert kiyosaki explain all what it entails and the stability it gives financially.
It seems that it is not true that financial education is not taught in school; it is taught somehow because we also have the subject of economics, maybe only the basic ones and not only the majority of students who pay attention. So often, when there is financial education learning, it is only discovered if, at a young age, they immediately try to start small businesses in their lives due to the hardships that we are also going through. So, it means that we understand it better through our experience here. There would be always a tip from the professor or the teacher about saving money, which is not all the students would adapt or learn by just a saying cause from an early age in school, there is no subject that tackles financial education which causes this to not be fully effective to students. As you said, there's a course that focuses on economics what do you think is the reason why not only the majority of students pay attention? Cause in the first place, they don't have any idea like from elementary to high school about this kind of thing where they don't tackle this much that students would be interested and would apply for this course. I agree that experience can help you to understand financial things, but it wouldn't be helped if one is involved in business by just relying on their experience and lacking knowledge, we still need to understand financial education for people to achieve more. Even some investors and businessmen who have succeeded in their small business are still learning nowadays like attending seminars, cause they know that they wouldn't reach far by just relying on their experience, they need information, techniques, skills, etc. |
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I think it's still a pretty good idea and it's not a financial mistake because the purpose of bitcoin is also not as a payment option even though they are currently more dominantly used as an asset for investment but we also can't forget that bitcoin is a tool that was created and one of its purposes is as a means of payment even though it is only based on alternatives.
If indeed both parties are comfortable between buyers and sellers who do not have problems with payment via bitcoin then I think it will not be a problem and it is also not a mistake from finance because they consciously know that it can still be done as long as in their country there is no prohibition for such things.
Indeed, it might only apply to places where most people are aware of Bitcoin's existence because they are used to fiat payments, especially for old people. Plus they don't want to hassle themselves with using Bitcoin since you would need to transact via the internet or the gadgets and you really need knowledge cause there is still a possibility that you might lose your funds. Bitcoin is meant to be made for payment and transaction in the first place, but currently with its volatility and today's value people prefer to hold it to profit. Just imagine your rent is $1000 and once you send it, the value would be $800 due to volatility, unless the receiver would agree since he is a holder. |
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What’s the use of regretting when you have all the chances to buy and hold bitcoin again. Although it’s undeniable that there are certain points in our lives that we regret our decisions but regretting does not really help at all. And besides, when I sell bitcoin, there’s always a valid reason for that so I don’t see any reason why I do have to regret.
For newbies, regretting might be a common thing, but certainly not for long term investors and traders in the crypto space. There’s no space for regretting when you consider bitcoin as your jewel.
Exactly, you are selling Bitcoin for a reason, especially when it comes to emergency purposes and you really need to use those funds. Bitcoin helps you financially to sustain your needs so there's nothing to be felt bad about selling them, maybe selling it for the reason of buying unnecessary things which can be temporary and the person would realize his loss. We all have different target prices of Bitcoin as well have freedom when to sell, you would be the one who's gonna take responsibility for profiting and losing money after all. Bitcoin existed for decades already so people still have the chance to still invest in Bitcoin whether long-term or short-term investment. |
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That is unfortunately the mindset of many people who get into crypto world, they do not really think it through all that easily, they end up thinking that they could get rich very easily or even if not easily, they could get rich like there is no tomorrow.
Unfortunately that's not true, we all wish it was true, but it is not. There has been a few people who have done it, there is no argument there, I am not saying nobody ever got filthy rich off small amount in the crypto world, that has happened before and will probably happen again, but that's a very small percentage of the crypto population, most people do not even have anything like that, it should be considered a little bit different and we need to try to make a "decent" amount at most.
Everything works the same in all areas, it doesn’t matter whether it’s a traditional business or a cryptocurrency, there will be a small number of those who will succeed and can truly get rich, the rest will either earn relatively little or lose money. I don’t know what it depends on, on thinking, education, or anything else, but I see that this is exactly what happens. And in crypto it can even be luck, with Bitcoin it probably won’t work out like that, it won’t be able to show such great growth as before, but with some altcoin you can try your luck, for those who are looking for quick money. I don’t like this approach, for me it’s better to buy Bitcoin and wait for the bullrun, but everyone decides for themselves what’s best for them. Indeed, there are a lot of people who handle things differently like the process of learning and gaining experience in Bitcoin, for example, when losing a lot of money, some people would definitely quit as they think they don't have the skills and knowledge, but some would learn from it and build up the skills they can use for their own advantage to earn profits. From that, we could say there are still people who could succeed in the crypto industry, and I have seen friends who changed their lives with the help of crypto. With the current state of the market of Bitcoin, it would be hard to invest with its high value today, you can expect huge profits whenever there's a bull run or bear market that you can take advantage with, but the thing is it's like seasonal where you can expect once in a year situation. Some people explore crypto not only in Bitcoin where they can also profit in altcoins as some of them have a good project plan or roadmap, teams, marketing, etc. |
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-snip-
Lastly, as a newbie gambler you should know the
basic fundamentals of gambling before engaging otherwise you will be engulfed in a losing spree that you can not explain and it would definitely result to you chasing loses which is express to you being an addict.
That's the best advice one could give to a newbie. Unfortunately, most people don't want to make an effort and have no patience to learn about the underlying mechanism either. They just want to make money quick, fooling themselves by not considering that it usually works the other way round. You don't have to be an expert in maths or statistics to educate yourself in that sense: there are multiple outreach articles available online. Choose a trustworthy source and learn. Knowledge is power. That thought of making money very fast is what I think leads gamblers most especially the newbies to not taking their time to perfect their gambling skills. For the fact that they have heard others making wins which they would want to at all cost do the same too forgetting that all gamblers fate are not the same. What works for gambler A might not work for gambler B and what works for gambler B might not work for gambler A. That is how it is and they forget that there are processes involved to perfect their learning and skills development. That's true, we could say some of the advertisement and marketing strategies of the casino would literally tempt people to try it out where you can grow your money into hundreds, thousands, or millions. We all have different experiences in gambling even the way we started so for sure everyone has their own outcome that cannot be applicable to the situation of one another. Let's say gambler A is rich and has enough funds to risk gambling their money, where he has lost a lot of money before even winning a huge amount, then gambler B hears this story which is an average person or we could say poor, they tried the same mechanics which causes them to lose all of their money. You need to have risk management on your own cause you know yourself what is your limitation, when you exceed that limit it can cause addiction and finances issues. |
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Financial education is a skill that is not been taught in schools, but to me it's the most important subject a man must learn in other to be financially independent.
This knowledge gives you smart money making decisions, and it improves your standards of living, It gives you priceless money management skill, you can't spend more than what you earn as a financial literate.
I still don't know why it's not been taught in schools up till now.
The rich dad poor dad by Robert kiyosaki explain all what it entails and the stability it gives financially.
It is still depends on the persons personality and traits despite having knowledge to financial education. I think school only teach students the knowledge that can be used in the future that can contributes into the country like Law, Doctors, etc. it is like personal learning when it comes to financial education but some schools are open to this topic that tackles about finance. They doesn't consider it as profession hence they don't give attention to it. You would really need to attend some seminars or learn it online |
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That is possible when @OP said that the S2F model predicts a bitcoin price of $532k after the halving in 2024. But the problem is that to reach beyond $100k, there must be an extraordinary driving force that can make the price immediately increase very high.
Meanwhile, the price is still at the current price range and is still going up and down and there are no signs of it going up, let alone immediately increasing beyond $50 thousand or even straight up to $70 thousand.
But when that happens, many bitcoin investors who have a lot of bitcoin will sell some but not all of the bitcoin and take the profit.
We will see many people or investors who will instantly become millionaires, which will be life-changing for them and us.
So let's just wait and see what will happen after this halving until the end of 2024.
The end of 2024 is too far for the current price of BTC to rise even higher by then. Investors know that the price is going to get up to $50k before this month ends or maybe after the halving, but am sure a lot is going to happen just when the halving will occur. Anyone who buys and HoDL BTC now pending the start of or end of halving, will make two choices which will be to withdraw some during the halving or DCA during same halving. Indeed, the gap between the prediction of the current Bitcoin's value in the market is huge as you would need some super big event or news that can occur in the following months. even whales sure would take advantage if there's something that could influence Bitcoin's behavior. Many people are already waiting for Bitcoin to reach even for $50k value as they would sell some of their holdings cause profit is still profit, I don't know if that amount of prediction is exaggerated, well people are free to have their speculation in Bitcoin but always remember that it is still involved volatility and there's no guarantee that it would have the same outcome. |
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