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 ?
if I had that much money, of course I would not place either bitcoin or a deposit. but maybe I will use both of them plus other investments such as property and stocks, on the other hand I will open a business to meet daily needs, so besides being safe because there are many fields that we invest in, we also have no difficulty meeting our daily needs. let's say we make rent, then every month we will make money, while property assets will develop, and bitcoin assets also develop with unpredictable timing. and deposits will also provide a sense of security, with small but definite benefits Investment needs to be diversified. Many forum users have suggested diversifying the portfolio. I would also agree with them. Because there are always risks in cryptocurrency. If we talk about Luna Crash event of 2022 where lots of investors are completely bankrupt because they keep their entire investment in just one project. If there was variation there would not be situation like Bankruptcy. Many investors never imagined that a project like Luna suddenly collapse. Since there is no assurance of any top-level project in altcoins, so investment diversification is essential for all the investors. |
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To make a living, we must work. In uncertain days like now facing the global economic downturn, a stable job with high income becomes a scarcity. A side job or business seems like more necessary than ever, which can minimize the risks of losing your current job, ending up pennyless. However, a side job/business also takes time and efforts and can never be attained whenever we need it. What did you do or will you do in order to ensure your finanical stability despite all unfavorable circumstances ?
Living is becoming more difficult day by day. During this time if any other work can be done in addition to the specific work then it is much easier to make a living. Moreover, in this competitive world of work, there is a possibility of losing job at any time. A nongovernmental servant always leads his life with such uncertainty. Naturally it is better for a person to have an alternative source of income whatever his business or job. Which is able to provide financial security to that business or job. I have personally invested in cryptocurrencies along with job. I have taken up this investment as my side job or business. Though i am holding i won't get any regular income from my investment but i am dreaming of owning big assets in the long term. |
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Stop following crypto influencers, those of you who like using YouTube videos to pick coins and tokens to invest in you need to hear this, those crypto influencers on YouTube are getting paid to promote those projects they are chilling, why would they promise you 2x or 5x when they aren't part of the team themselves? They did this because that's how they make their own money. He who have hears let him hear.
Most of the influencers who promotes different token benefit a lot to the token they are promoting. If the influencers has many followers they could easily attract investors because their followers believes in them. If their followers invest on that particular token definitely they will get referral fees. As an investor we need to be more extra careful and do not just believe influencers. We should do our own research because it is our own capital to invest and not theirs. Influencers job is to attract ordinary investors to any new project or coin offered by project owner. Influencer get huge amount of money through this work. They may also provide fake news for exaggeration at times to promote any new project. But here an investor has to exercise utmost caution. Usually when influencers do promotions they want to convince you of certain things so that you are encouraged to invest of that particular project. Remember that influencer promote a project for his personal interest. You will never get those influencers after investing. So should not invest in any project or coin by the Influencers word. One should consider the risk factor and other factors before investing any project. |
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There is no best and safest period for investment, when the market looks promising then we should never think that the market will not drop, in fact the chance for a market drop is higher when the price is rising, conversely when the price drops then buy immediately so there is a chance to see the price skyrocket Again.
Any investment is risky. Those who are willing to invest by taking this risk are suitable for investment. Those who can take risks are on the verge of success. But I think Bitcoin is quite effective as an investment platform. Bitcoin is currently in a temporary downtrend, but it will change direction again. Those who can exploit this opportunity are more likely to succeed in their investments. Who are waiting to buy from the dip may have to wait a while. However, according to the price of Bitcoin, this is definitely positive environment for investment especially for bitcoin. |
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I think here the concept is getting clearer, we have to put our money in something that makes its value increase, because if you just save your money it won't increase.
so I think investment is the right choice for our old age.
If indeed your uncle is diligent in saving and investing his money, I think now he will not be upset and have financial difficulties.
A long period of time Inflation has reached such a level that people are suffering from money crisis. If he earns $300 a month, he has to use the entire amount to cover his expenses, and some are borrowing extra money to meet the expenses. As hard as it is to save in such conditions, after a long time the saved money may also be worthless. Moreover, banks now offer very little money against deposits which will not be much when that is needed. So to avoid this kind of situation one should invest. Investing is always risky. But a well-researched investment will make you financially free. Those investments will be well suited to spend the old age of life comfortably. Every person needs financial freedom for secure their life. |
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Of course this is a good strategy, holding top 10 is a safe way because projects that are already in the top 10 have great capital strength so they will continue to grow, the best thing is to hold 10 ranks and hold in the long term, never sell when you lose because it is always there is a time to sell with profit.
The top 10 coins include Bitcoin, Ether, and BNB. Investing in these coins is definitely less risky. Some say that coins ranked in the top 100 by market cap are almost all good coins. But I don't agree with that logic. Because there are many coins that have a lot of trading volume but are not included in the top exchanges. All those coins fell back from the 100 ranking at some point. But surely all the coins in the top ten are ahead in terms of reliability. I would suggest to choose Bitcoin first for investment and if an investor invests in any of the top 10 rankings considering his financial status he will be able to earn a good amount in the long term investment. |
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Youth are interested in Bitcoin because it's easy to work with if you understand the ntrigrity also it's a way to make money, over time BTC has risen, and with this, the youth may be interested in a way to do business digitally.
We need to talk more about the benefit of Biticion in other to attract more youth because the majority do not know how this coin works.
There is a good relation between Bitcoin and youth. Bitcoin is a digital currency and its transactions are conducted over the internet. Youngsters are more prone to use the internet, so they can easily use Bitcoin. This is the main reason to get rapid popularity of bitcoin. Youth can easily accept Bitcoin, So most of the youth users use Bitcoin most. People who are middle-aged or older are generally less interested in Bitcoin. A large number of people don't know about Bitcoin and some others know but can't take the risk. Those people are generally more attracted on gold. In any kind of work the youth are always ahead. The interest that young people have in BTC is gradually expanding, while many older people are now slowly getting inspired. |
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Well, the inflation in my country now is not extremely high but has already damaged the economy. The cost of living is increasing and does not seem to stop. Last week one of my friends lost his job after working in the same company for a decade. His life abruptly changed, putting him in a place where he could not support his family. If you were him, how would you survive this tough time ? As a friend, I am trying to help him as much as I can and meanwhile, I am planning to save more money to prepare for the unexpected challenges in my life. What about you ?
If I were in your friend's shoes, I would explore various avenues to support my family. This may include looking for new job opportunities, starting a business on the side, reskilling or acquiring new skills to enhance employability, cutting down on expenses, or seeking financial assistance from family and friends. As a friend, you are doing the right thing by supporting and helping him as much as you can. You can also provide emotional support by listening and offering words of encouragement during this tough time. Additionally, it's wise to prepare for the unexpected challenges in life by saving more money and investing in assets that can provide protection against inflation. It's always better to be proactive and prepared than to wait for things to happen and then react. Any unexpected event in human life can happen at any time. He must always be prepared. When a man is unable to balance the difference between income and expenditure, he naturally leads a miserable life. In recent times inflation has affected everyone's life quite a lot. If someone loses his job during this time then no one will be more unhappy than him. If one can save good money in this situation then he can feel quite comfortable. I think every man should save. This savings will be able to provide great support at any time in life. |
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Couple of hours ago there is in news on Twitter saying BRICS countries (Brazil, Russia, India, China, South Africa) are developing a new currency. It was mentioned by State Duma Deputy Chairmen btw.
As I can see all these things to manipulate BTC right? What are your thoughts about this?
We all know that BRICS basically means a group of 5 financial countries. But in recent times it has been thought of expansion. More countries want to join here. Many have already expressed their interest to join this strategic alliance for various opportunities. As far as I know more than 20 countries are looking to form an alliance for strategic reasons. Basically the main purpose of making this coin is working against the US dollar. If this currency is established, there will be a big fall in the US dollar. But in my perception BTC will have no effect on it. |
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Saving is Wasting?
Nope being able to save is the foundation of many enterprises like i.e MC Donald
In each and every success, savings have got its part. As you've mentioned the foundation will be laid with the savings. Further the investment gives hand. Many people have the wrong perception about savings based on the decline in the money value caused due to inflation. This is true, but the level of risk is low. Everyone needs saving. Savings can make everyone's life more easier. But some expert may suggest investing their savings to protect against inflation. There is no way to denying it according to the current situation. If people invest there will be good return opportunity. And if one does not make any kind of investment, he can at least get some money after a certain period of time which can make his life quite secure. Invest if possible otherwise keep saving. |
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Doge reached ath of 0.7$ which was an unexpected phenomena that time. But now, there's no surety that doge will able to reach such level again. Elon keep taking about doge for his own benefit. For the sake of elon support, some sudden pump of dogecoin Isn’t enough reason invest on it. I won't wonder if doge downfall because of elon sell his share for profit. Prospects of doge is now complex, better to looking for others coins
Yes, investing in altcoins is risky but it will be more risky when some one try to invest in meme coins. Investors who are preparing to invest in Doge Coin should think thrice before investing. The return on investment in doge coins is very low. Doge Coin's highest ATH was 73 cents in 2021 and since then the coin is down 88 percent till today and there is also doubt whether new ATH will be available in the coming days. Since nothing happens in this coin except Elon Mask contribution, investing here can be considered as a money losing scheme. |
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Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.
Since the collapse of FTX, investor interest in Solana Coin has decrease drastically. However, Solana has been able to improve somewhat in recent times. But If one wants to invest in altcoins in the hope of higher profits, one must consider its positive and negative aspects. There is no better investment in crypto currency except bitcoin. Even if a major decline occurs, it can become bullish again. But such an image is not easily seen in altcoins. Also, it's very hard to get new ATH after getting one (ATH) in an altcoin. While investing in altcoins have high possibility of making profit during a bullish movement but when Bitcoin get down and stay on long bearish, altcoin investors will loss a large amount of assets at that moment which is some times impossible to regain. |
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It is not a problem girls are now involved in all activities nowadays men feel that women are outclassing them in every way women are ahead of men that's why crypto traders beat women. But we should be happy that the crypto and bitcoin community has girls involved, and working hard to move forward. Women are more courageous than men when faced with a crisis, women's courage becomes self evident men can never beat women in courage.
I completely agree with what you said, we should be delighted due to the community of girls is getting bigger by time and that will definitely have positive impact on Bitcoin and generally cryptocurrencies. I genuinely believe that girls have the potential to succeed in trading even more than guys because they are patient , disciplined and have a high self-control. In addition to that, the more we attract people to crypto trading, the more market cap will be boosted and the more prices will be increased especially the ones on top of cryptocurrencies such as Bitcoin, Ethereum and BNB. Yes, there is no difference between men and women in crypto. But in general crypto was dominated by men but now the news of women has encouraged crypto lovers even more. Women are no longer behind men. Women in various countries around the world, including Singapore, have now started crypto trading and have been able to do it quite efficiently. Due to which their number is going to increase gradually. If their number continues to grow, Bitcoin will become more expensive in the future as well as become more valuable assets in the world. |
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Let's be honest, market do not follow any rules. There is no rule or law that says BTC should reach another ATH next cycle and next after. What if 69K was the maximum it could reach, and for the next years or decades it will be mostly fluctuating between 15k and let's say 40k.
So, let's collect here the reasons why there will be ATH for BTC.
Name one (at least) reason, please.
Some reasons collected so far:
1. "More than 90% of the people in this world has not yet bought bitcoin, do not worry, the adoption is still continuing. You will still see bitcoin at $100000 ane more."
2. "... as long as fiat inflation is still happening (which means a decrease in purchasing power), you can rest assured that assets like Bitcoin will keep going strong."
3. "We might see multiple ATH in the future once fiat explode. Bitcoin is the alternative and safe haven for people to escape inflation."
Even if we think differently, Bitcoin will be at the top of the global economy in the coming days. Usually many people are busy buying gold and land to protect their wealth from inflation but Bitcoin has gained huge popularity among everyone to make the situation more transparent and faster. People can easily control these digital assets. Day by day people's demand is increasing and they are also getting huge incentive to collect Bitcoin so there is no doubt that Bitcoin will be bullish again in the coming days. Bitcoin is needed not only for temporary profit but also to protect assets from this inflation. |
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I like commission job than salary job because if we are in a commission job we can earn big in a day, while in salary job we cannot earn big we can only earn a minimum wages within 8 hours of working. I believe many people like commission job than salary job, because commission job can make more profit if we are lucky.
When it comes to job freedom, commission based jobs are more effective. These jobs usually do not depend on the boss. Moreover, there is no limit for earning money. One can earn more money by working harder. On the other hand, in salary based jobs, a certain amount of money is provided. These jobs always depend on the boss. There is also the possibility of job loss at any time. However, commission based jobs and salary based jobs have advantages as well as negative aspects. But a job holder who will do the job will prefer which one is suitable for him after considering the pros and cons. However, commission based jobs are generally not for everyone. |
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The sanctions imposed by Western countries on Russian banks, oligarchs, and technology imports have not had a significant impact on the day-to-day lives of ordinary Russians. This is because the sanctions have been targeted at specific individuals and sectors, rather than the broader population.
However, the sanctions have had a broader impact on the Russian economy as a whole. They have limited the ability of Russian companies to access international financial markets and technology, which has slowed down economic growth and led to inflation.
Despite imposing thousands of restrictions, the Russian economy has had little impact. Rather, Europe and America have revealed their failure. Moreover, the negative impact on the dollar at the present time is very naturally indicating the deterioration of the economic condition of America. Some companies initially wrapped up their businesses under sanctions imposed by the US and Europe, but their long-standing restrictions are slowly becoming ineffective. As a result, the inflationary pressures that the Russians were afraid of are slowly coming to light. |
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so if we include the dip below $20k in March, then clearly we had more like 9 months of uncertainty... and decent amounts of time of price negativity.. including that even now, there might be some comfort in regards to the BTC price being in the positive.. but it still is not certain that the price is going to stay above the $20k entry point for the remainder of the loan period, in the even that OP has not already been completely reckt. if he were to provide an actual report that is based on actual facts rather than his earlier fantasies.
Yes, we need to find out how things are with loans in order to understand whether the OP was able to pay them back and how much he had to overpay in the end, that is, to understand what the final purchase price of bitcoin was for him. If in the case of an uncle, he can somehow agree, then such a trick will not work with the bank. His plan might work, but I wouldn't mess with bank loans to buy bitcoin, I've been sticking to my strategy since the beginning of 2022 and buying bitcoin every week, I didn't worry all this time that I need to repay debts and pay interest on credit. But I don’t want to say that my strategy is better or worse, in the end, any strategy that makes a profit will be good, but for this they need to wait for the bull market and see how much bitcoin can rise to. The OP undoubtedly took a big risk. But his risk has worked out positively. According to the current price of Bitcoin he is now profiting if he holds it. OP bought a bitcoin in $20000 so he is able to withdraw approximately 50% of his investment at the current price. If he is able to use other financial sources to pay off his debt then he is heading for a large amount of profit. Although I never agree to buy bitcoins from bank loan. In this case I am using DC like you. Because for those who do not have enough money, buying bitcoins in this way will be very effective. But I'm impressed with the confidence by the OP about Bitcoin. Hopefully he will make large profit by the long-term investment. |
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if you want to get big profits, do it with big capital, if the capital is small, the profits are also small, you can't invest in bitcoin, even if it's only $ 30, but it would be nice if you have a capital of $ 30, choose to invest in alcoins, you will get more profit because alcoins can go up drastically and the profits also more, it's just a suggestion.
As a new investor it is quite useful to start with $30. But if the profit is calculated from investment purpose then an investor must invest such amount of money that he is able to make good profit from it. Buying Bitcoin for $30 is unlikely to make much profit. On the other hand, investing even $30 in altcoins will not be profitable because all the good altcoins are very expensive. You may be talking about some sheet coins that can make big money with little investment. However, investing in these coins often makes it impossible to get a return on investment. So the investor must increase the amount of investment. |
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The world is changing faster towards technology and Bitcoin come in the era of technology which makes it more stronger as the technology keep spreading across the globe, Having said that, Bitcoin is a digital currency which is easier for any given country, as a means of payment, which the value of the Bitcoin always be one at a particular giving time. Therefore, The adoption of Bitcoin just started with a full force accept as a means of payment, trading and investment.
Despite having several use case of Bitcoin , it is now most commonly used in two ways. One of them is as a payment medium and the other as an asset. In these two cases people have adopted Bitcoin very easily. People's confidence in Bitcoin is increasing day by day. Governments of different countries are also working on it and they are trying their best to implement it. Among them, El Salvador is one of the countries that recognized Bitcoin as the first legal tender, and thus new countries will join the Bitcoin adoption. Bitcoin has managed to build its empire wherever it has touched and is going to create new revolutions in world. |
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I think nothing is impossible in bitcoin price movement, today the price reached more than $ 28500 but if there is a crash it can be easy to return to $ 10k, this is common, for example like in 2021 it reached over $ 69k many people said it was impossible the price will drop below $30k but it only took 5 months for the price to drop below $30k.
By looking at current market movements, we are more inclined to say that Bitcoin is unlikely to return to the price of $ 10k, and we assume that Bitcoin will continue to be above $ 25k and above in the near future. I believe this indicates a move is imminent for more upside, now in a $29k green graphic correction after dropping from its $30k initial price. Some investors lose confidence or sometimes get worried at the Bitcoin price correction. But Bitcoin real holders are not concerned about this. Because they are able to accept both Bitcoin pump and dump. The market looking slightly bearish since last week, many are concerned that Bitcoin may be bearish again. It may drop below $15k again. Most of those who try to invest in Bitcoin with such assumptions may face losses in Bitcoin. Bitcoin price has increased by 8.8 percent in the last 24 hours. Bitcoin is now trading at $29792 from $27357. Those who were in confusion now began to dream again. But only those who are committed to a goal will be able to achieve success with Bitcoin. |
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