I think it helps you more as an excellent saver. Since you are an excellent saver you can easily take a part of that savings even if it's very little and use it to invest. Don't get me wrong, there's nothing easy about investing, especially for those that don't make much money. The term "invest what you can afford to lose" doesn't mean you invest only money that means nothing to you. You can take a percentage of your savings and invest, if you lose it you'll feel bad but you'll be alright. That's all it means. Invest money that won't put you in a very bad place when you lose it even if you will be affected a little. That's the risk involved with investment, but it should be a low risk. 

I'm not trying to make any excuse for Potter but the players Chelsea signed are not world-class players. Most of them are not consistent. Enzo Fernandez seems to be the most promising. Chelsea took a lot of risk with the players they signed because they are high-risk players. High-risk in the sense that they're mostly youngsters with potential. They need a good coach to be able to integrate them into the squad and I don't think Potter is the guy to do that. There's only so much Potter can do for Chelsea, I don't think he will be able to turn them into that feared European team.

I can't blame the Russians. As someone who has lived in a country torn apart by tyrants, I believe I have an idea of how things are on the ground in Russia. These guys control every narrative, every news channel, and every newspaper company. They get ahead of every story and spin the narrative. The few in the country who see right through the bs and can do something about it are silenced leaving the rest to be afraid or just accept their fate and hope that one day things will get better. They claim it's a democracy but whatever they practice there is in no way a democracy. It's horrible and very scary, to be honest. 

I read a similar post a while ago on this forum and since then I vowed to always read the terms of service of every app or site I sign up to. I must admit I have not been able to leave up to that promise. Most times I just get lazy because the write-up is always too lengthy. But when it comes to any site where my money is involved, I always read through the user agreement. I know with time I won't feel lazy to read through them before signing up.

No matter how difficult other European teams find it difficult to win Madrid, it's never that way for Barcelona. For this reason, I believe Real Madrid is the favorite to win the champions league. It doesn't matter the kind of form Bayern, Man City, and Chelsea are in, I will always keep my bet on Madrid. They may not win it, but they're the favorites.
Madrid knows they've lost the league and the chances of them winning the Copa del rey are low because they have a deficit so they'll focus on the champions league. They can still win the Copa del rel but it's going to be very difficult for Madrid to score 2 goals against Barcelona and then stop Barca from scoring.

Saying Credit Suisse has everything under control just shows that they have nothing under control. Credit Suisse has not had anything under control for a very long time. They've always been in one scandal or the other. When they're not in scandals they're in one financial trouble or the other. This is not the first time they're in a mess, the only difference is this time around they're in a very big mess. It's a surprise it took them so long to get to this level because they lost the trust of the public a long time ago.

It's infuriating that these too-big-to-fail banks can do whatever they want and still get away with it. I'm not saying the government shouldn't bail out banks, but strict penalties should be given to these guys that mismanage people's funds. For a company to be too big to fail it should literary be too big to fail not failing and getting a bailout from the government. I believe these banks know that they have something to fall back on that's why they just keep making dumb decisions.
 

Dangerous to the EU? It would be catastrophic to the whole world. Was WW2 dangerous to only one party? See how affected the world is when it's just Russia and Ukraine directly fighting, now imagine how it would be when the countries of the world would literary be at each other's throats. Everybody is trying to avoid a third world war by any means necessary.

Russia is heavily affected by the sanctions. The fact that you don't know shows how good they are at covering it. Remember during WW2 the Germans at home actually thought they were winning the war.

Yea I wouldn't say they mismanaged funds but they got greedy and reckless. I guess they felt they were too big to fail or maybe they didn't think it through. Treasury bonds are not high risk but they're long-term investments so they could have thought of all the possible scenarios of how things can go south.



The government is not doing it for the sake of the company per se. Allowing the companies to fail would lead to further systemic failure or risk of failure at the very least.

Whether there is a global economic collapse coming soon on not, you should always diversify your investment. It is not prudent to put all your investment or funds in one place. Your funds too should not be in one bank since we've seen what is happening.
I don't think the collapse of these banks is a pattern for "multiple economic woes ahead". In the case of Credit Suisse, it has been struggling for years. In 2014 they were found guilty of charges that allowed some of their customers to evade taxes. They were fined about $2.6 billion for that. There are a series of events that has led them to this point. 

I think generally if you don't report your income then you are breaking the law. That is "tax evasion. Tax evasion is when you do not report all or some of your income. I don't know how it works in your country but people who do not report their income are committing an illegal act and can be prosecuted. There are ways to reduce your tax legally and that is tax avoidance.

I feel motivated by the stories even if I do not say them out loud very often. I take my motivation mostly from a few of my friends and people in my neighborhood who have benefited greatly from this great invention. Two of them are graduates that were jobless after school till they started learning how to trade crypto. I was still in school at the time and I witness their rise in the field. This is even more motivating because I witnessed it myself, I knew where they started ad I know where they are now. Theyer are not millionaires (yet) but they are in a way better place than where they used to be thanks to BTC.

This is a very obvious way to spot scams and it's what most Ponzi schemes use. Any investment that tells you you will get more than 25% ROI within an unrealistic period of time has scam written all over it. A lot of Ponzi schemes even offer 50-100% ROI within a month or two. You may be paid your profit at the end of the month but that business model is highly unsustainable and everybody should know this. Sooner or later that business would crumbles or the scammers will scamper away when they've got the right amount of money they want.

I think people that believe bitcoin will replace fiat any moment soon are kind of delusional. I've said it a lot of times, maybe sometime in the future as you said, some 100 years later, bitcoin may replace fiat but even that looks highly unlikely. looking at the history of man and money, there have been different forms of money over time before paper money so I believe the world might get to a stage where people no longer need fiat but from my estimation that can happen in at least 200 years later and it's not still guaranteed that it would be bitcoin that would replace fiat.

I don't believe Bitcoin is disrupting the financial structure as we know it. The main change I've seen with bitcoin is that you can send money internationally without much stress. I don't think bitcoin or crypto has significantly reduced how people in developing countries use banks. In fact, I don't believe not having access to the banks is part of why people in some parts of developing countries use bitcoin. If that's the reason, they could easily use online banks because they have access to the internet.
In my country people that use bitcoin still make use of the banks as they did before bitcoin because many places don't accept bitcoin so you have no choice but to operate in fiat

Yea I agree with this but developing countries will still suffer economically. Somehow developing countries that are dying in the hands of corrupt and incompetent leaders struggle really hard to move forward and learn from past experiences. The world around them learn and invent different ways to deal with issues while they are just content on how things are because they don't give a shit if the country gets better or not.
So if a global recession is to happen, I'm very certain that developing countries especially developing countries in Africa will feel it the most because they're too dependant on the developed countries.

Someone very close to me was in a situation like this. He took a loan and then was using loans to pay loans. He used his salary to pay debts and then took another loan. It got much worst later on when his salary could no longer cover the amount of debt he owed. He was struggling with this for about 5 years, but we close to him didn't know how deep in debt he really was. I mean, we knew he was in debt but we didn't realize it was this bad.
He came out of it eventually, but with a lot of discipline and determination. It was really hard for him. Last month he told me "March would be the first month in the past four years where I will be getting my full salary".

He hated the idea of me taking a loan, no matter how small it was. He kept saying "that's how it starts until you're in too deep'.
What I understood from him is that, when you're accustomed to taking loans, you'll take it at every opportunity you get. Borrowing becomes your first and only option even in situations where it should be your last.

I don't agree with this. Luck is a factor and there are many other factors but hard work is the biggest factor in being successful. I also believe there's a thin line between rich and successful. You can get rich through pure luck, like winning the lottery or being born into a rich family or whatever but for you to start your own business or career and be successful in it takes a lot of things and hard work is a big part of those things. You don't become a very good marine out of luck, you don't become a good and successful basketball or football player through luck or luck playing a bigger role.

In my opinion, it depends on what the person has been trained to be like, and at a certain stage in life, it's hard to change. It's like an addiction. You have to be obsessed (to say the least) about something to be able to spend 16 hours a day doing it. I don't want to call it irresponsibility but it's kind of hard not to. I have learned to not criticize what I don't fully understand and that's why I've always refused to talk about stuff like this. Work can be boring, that's why it's always advisable to make money from things you love. Spending 12 to 16 hours a day doing what you love while not making money from it is irresponsible. It's a different thing if you're like a start-up and working on something for 12 hours a day and not making any money from it, like an upcoming musician or a start-up programmer, etc. Thats totally different. That is staying true to your grind but playing video games all day when you have bills to pay is something else. I know life is not always black and white but that energy can be transferred into something productive.

First, was bitcoin which is the first cryptocurrency, created to overthrow fiat completely? Was that the goal of its creation?
Cryptocurrencies will not overthrow Fiat. I am tempted to say it might be possible in the future, like say, 3 centuries later but I don't see how that's going to work when there are so many cryptocurrencies available. If bitcoin were the only cryptocurrency then maybe in 100-300 years it might overthrow fiat but with the amount of crypto available today and more to come in the future I don't see how possible it is.

Cryptocurrencies would always be a medium of exchange. It has come to stay most especially BITCOIN. There are other acceptable mediums of exchange aside from fiat today and I think bitcoin would be one of them in the future. I don't know how long it will take to be accepted worldwide.
When I got on this platform, I began to see bitcoin differently; as a medium of exchange and not just an investment. Fiat is seen as a medium of exchange that is traded and also an investment so why can't bitcoin too be seen and used in that way?