...He did this because the mentor said people do not appreciate free things, and if he were not making the sacrifice of paying out of pocket, he probably would not be serious and would take it for granted.
I agree with this based on decisions I took in my teens, gave up plenty of money handed to me on a silver platter just because my needs were met through my parents, I somehow refused to look further than that. It was sheer naivety, and I regret not looking for my financial future. What you exactly mean by gave up? You give it to someone else? But that was still a kind move. Maybe those people you give your money to were badly needing it. Those people must be thankful for you and they might pray that more blessings will come to you. Don't totally feel bad about yourself because I know you are not alone with that problem. It's just normal for a young person to care less about their future but all that matters to them is to enjoy their current life which was great because once we move in the adult stage, we are now going to be filled with obligations. Did you know that some adults are regretting because they became too serious in life when they are still young? |
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In addition to what you guys have mentioned, there is an article that I have read before where a trader earns profit only as much as what bank teller earns in a year. The problem with trading is the barrier of entry- it is very easy to enter but very difficult to master.
What separates a beginner trader from an experienced one is the time that the latter has invested. Not to mention, even experienced traders incur losses from time-to-time due to the nature of the act being very difficult to predict.
If you have the time, resources, and patience, the chances of you profiting at the given act would be significantly higher compared to someone who has just started trading.
I think it is quite important to remember that professional ones have a bigger bag to consider, and that's how they make that money. I personally believe that if you give me 500k dollars today, I will become a good trader too, not that I would turn that into a million dollars, but I can do 10% per year every year and that's not too bad, not great neither but definitely not too bad, wouldn't get fired in most cases. Unfortunately there are too many people who think that they could double that in a year and those are the newbies, professional knows that if you can make 25% return per year, that's going to get you rich no matter what, that's an insane amount of profit to make per year, and yet newbies think that's nothing and won't be enough, well if you invested 1k, then yeah it is not too much you are right but professionals have bigger capital. |
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I hope the price of Bitcoin will soon reach $ 50k or 2x from the current price, the most expensive price I bought is around $ 56k and if selling at the current price of course I loses, I have also sold around 40% Bitcoin at $ 34k because I really need money , now I will hold and buy more before the pump occurs this year. This is what the experts advise that don't buy at high price because market is not guaranteed about its success therefore higher price is best option for selling and not for buying of crypto. There is no doubt that bitcoin will soon rise but at the price which you have bought bitcoin is very high and it will takes time to recover such money easily. You need money and you sell bitcoin with loss so yes everyone needs money in harsh situations therefore before investment thinks twice or more that the step which you are taking is worthy for you or not. Investment is easy but taking profit from it is not an easy task so you should be conscious about each and everything as future is unseen and crypto is volatile. I think it's alright, you may need money if you invest into gold or stocks as well and they could go down too, there is no guarantee that it will not go down and we should all be expecting it to change one day or another. I know that it will be alright if we invest into bitcoin and it goes down and we suddenly need money as well, so we will sell when it goes down and that's an upsetting situation. Yes, we do not want that to happen but we need to remember that same could have happened whatever we invested into hence it is not going to be an issue. But at the end of the day we should be all considering bitcoin as an investment that would be better than other investments, doesn't guarantee profit but it also doesn't mean that it is worse than other investments neither. |
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Price is currently testing the recent lows after news that Binance is being sued by the SEC. I think this could end up as a short-term sell-off, as Binance isn't a directly related to Bitcoin's future or success. Also as many are now suspecting incorrectly that Binance may be insolvent, but in reality they are being sued for their business practices, rather than being accused of not holding reserves. The only real concern is the claim that they have been co-mingling funds, similar to FTX, which while this may well be true, I don't think it's enough to send Binance into bankruptcy.
Already on short-term time-frames price is finding buyers under $26K again, so this may well end up being a fake-out for now.
Let it be whatever it is right now but the reality is that we are going to get over that again anyway. I know that a lot of people are wondering when that will happen but it is going to happen in the future and we shouldn't be worried about it neither. I know that price is bad right now, but binance is a global company and not based in USA right now, so they can be investigated as much as you want, and it will not come to any serious conclusion. At the very worst case, CZ will never go to USA again and I doubt that matters to binance as a whole, just him. Binance.us could be at risk but they could just close it all together and americans will continue to use .com anyway and I believe that we should be seeing the price recover. Whenever it goes up, they just do a FUD about binance for some reason. |
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Just because it is common, we need to think of it and prepare less? Hell no but we must do our best like equipping ourselves with knowledge first about the business that we are about to venture. Also, we must prepare a good budget so that we can be able to do different things at their fullest.
We can still think positively and stay to be optimistic. It's just that their level have now increased dramatically because we know that our business is growing as on what we have planned. For those who fail and never try again. They might be a reason for this. Maybe they realize that they don't have a passion for it. Sometimes it's better to move on than being stuck in a rut.
This is why I always suggest working in the business you want to start in at first. That means you are going to end up with something much better understanding of the business before you do it. Doesn't matter how big or small scale you are thinking, from a simple cafe to some industrial machinery, it doesn't matter what you want to do, and the position obviously matters because if you are working for a cafe, then being a barista is better because you get to see it all of it, but when you are working at a factory then being in charge of just one machine means you are not going to learn more about rest of the business. So all in all I am guessing that it is going to be a tough business to start but you need to first get a job in the field so you learn the mistakes of the industry a lot earlier on. |
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We buy Gold because we have a reason. It's mainly because we want to earn a profit later on because like Bitcoin, Gold's value is also rising due to scarcity. We don't know if WW3 is really coming so we continue to buy more Gold but if it's already confirmed then it would be better to sell off our Gold and invest on easy to carry and safe assets when it comes to wars. That would be cryptocurrencies. Don't worry because stocking of basic necessities are already in our minds.
This is of course more important than anything else because if we will die, our investments will still be useless. The governments are also going to provide a help for those who don't have the ability to buy goods.
I do agree that gold and bitcoin has a similarity in that sense, bitcoin and fiat has a similarity in the sense that we spend them as well and we do not spend gold. So, when you think about it, bitcoin has the best of both worlds, spend like fiat, save like gold and you have it digitally which is much easier to get considering the other two as well. I believe that we are going to see bitcoin grow up exactly because of this reason, because people will keep on spending it, and will end up at the hands of people who want to save it eventually, leaving less and less bitcoin available in the market so people will have to spend more to get it and the demand will go way beyond the supply so in order to balance it we will go up in price without a doubt. |
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A school diploma is not necessary to obtain a loan from a bank; if it were, it would undoubtedly be declined. That is all I am aware of regarding job application requirements, though. Maybe it will apply if you mortgage it to a pawnshop or borrow money from one. Banks require collateral, applying for a loan is difficult, and loans of any size require land, home, or company certificates in addition to car certificates.
Only ID's are needed to apply for a loan and maybe some nice collateral. It is when we apply for a job, we are required to show a school diploma. Applying for a loan in a bank can be difficult. Banks do also have high interest rate but there are still lots of loaning companies out there (including the online ones) that we can try. They might not be strict as the banks and you can get your money in short period of time. @OP I know the feeling on why banks or other loaning companies can disregard a school diploma. They think it's only just a piece of paper with no value but they did not know the struggle of the student only to get this piece of paper. Right now in my country getting a loan is a very tough thing, banks do not give out loans all that easily because of the inflation, they know that if they give you the money then you could even get like some brand new iphone and sell for higher later on and not only pay the debt back but also profit, it's that simple. That's just an example do not do that for real but that made getting a loan pretty harder. In the end school diploma, salary proof, and no other thing you could get even come close to the fact that we are going to end up with anything that will be allowing us with bank loans if we are not asking for what would be small for us, something big has way too much risk that the banks do not want to take into consideration at this moment. |
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Today, bitcoin is very valuable, and it can be said that of all assets, bitcoin is more valuable than gold. Have you seen anyone give away free gold, even a little? So never think that someone will give you bitcoins, an asset worth tens of dollars per bitcoin. There is no free lunch, so don't spend time looking for free food, work, and earn money to invest in bitcoin.
This is such a sweet and simple example that would make it understandable for a lot of people. I have never seen anyone distribute free money neither, any fiat, you earn it and there is no way that you can get it for free. Sure there are airdrops where you are given 10 cents at max, and this screwed with peoples minds that crypto has people who give out stuff for free, I have seen as high as 5k dollars given out on casinos as a rain, because some whale won something big. But that doesn't change the fact that you are not going to get free bitcoin, never. Too many things in crypto confused people, but this good example is enough, nobody gives anyone free gold, so why would they start giving out free bitcoin? They do not do either of those things and they are both attempts at scamming others. |
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Stability above 30k as it was a support level for a long time is the problem, so I think we have reached the breakeven point where the price cannot exceed the range of 26.3k as a bottom and 32k as a top, even the news coming from the Federal Reserve no longer moves the markets significantly, so without any news I don't expect anything to happen, at least for the next three months.
we will see what happen next. no, i think this is the support level 27k if we fall below 21k it will be disasster. as long as bitcoin can't break 36k i remain bearish. the USD inflation rate is 5% per month. this is not good for crypto too and tether is rock and roll starting from january this year, while the other stablecoin reduce their number of tokens Obviously, it is because we have stayed on that price for a very long time now but in case the price fell off to $21k, I wouldn't totally say that it was a disaster since it was just a $6k drop and there are much worse than it e.g a $15k or $10k drop but people will just use to it eventually and will realize that it was a special opportunity given to them. Don't worry, the $36k that you assume is only easy for BTC. Remember we already crossed $30k last time but even if not $36k, let say $35k is only the max we get for a while, I will still consider this a bullish move. A real bearish move is when the price moves in a downward position. There are inflations but I think it's also the reason on why people invest in crypto. |
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It would be stupid of someone to buy something and not know what its purpose. You don't accidentally buy BTC because for someone nowadays, BTC is too popular. And if you did buy even just a fraction of it, you know your purpose and its either for your investment or you wanna gamble.
I know one kid buy BTC just to impress his IG followers that he is into BTC. Now thats one heck of a purpose.
I think it's quite normal for people to not be aware of bitcoin, even in this world where crypto is wildly adopted and there are tens of millions of people who use it, there are still billions who have no idea about it as well. However, I do agree that it would be pretty difficult to mistakenly get any, it's something that requires a lot of work to get, I mean not a lot of work but certainly not easy enough that you will mistakenly get it. Even in fiat there could be someone who dropped money on the floor and you could pick it up and mistakenly have money, crypto doesn't even have that. So short story long bitcoin is something you want to buy if you want to get it, that instagram kid definitely did the right thing, I hope he keeps it after showing it off. |
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(....)
2. Develop a Strategy: Once you apprehend the market, it's far important to develop a buying and selling method. You need to determine on the kinds of cryptocurrencies you want to spend money on and whilst to buy and sell them. You need to additionally decide on your danger tolerance level, as buying and selling inside the cryptocurrency market can be risky.
Among the list, this is the most I agree. Because before you will become profitable in trading, you need to develop your strategy. After you develop, you need to master and practice it. But before you develop your strategy, for sure you will first have a lot of experience and that is difficult like using a lot of indicators or chart patterns, joining some community about trading that could help you to interact with some traders and discuss different strategies, it will help you to choose yours. All of them are necessary actually. It's just that strategy is the main talk of the town. They think a good strategy can save them whilst a bad strategy is a sure way of losing money. No doubt, it's true but it would be better to not underestimate other small details because it can add up some percent to our winning rate. To have lots of experience could mean that we will engage more in the activity. Struggles are normal at the start but we shouldn't focus on it because it will only motivate us to quit easily. It will be difficult if we solo. That is why there are communities that are built to help us and we can also help others if we are now a professional. |
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I personally dont have much hopes for coin like litecoin in which its existence is already too long to be having some rally out of thin air, but then again this still got some good trading volume for reason, so i guess there is always chance of it having some parabolic movement but honestly don't expect too much.
In 2023, we can't really hope for altcoins, including Litecoin, but we need to remember that halving will always have an impact on prices, and Litecoin is currently really cheap according to technical analysis, and if we talk about LTC, the answer will go parabolic is yes!. because after the halving is right in 2024-2025 and most likely the altcoin season will happen again, so why not buy LTC now and hold it for next year?. I do think that 2024-2025 will be parabolic years without a doubt, but not this summer. Litecoin will benefit from that, will it benefit more or less compared to all other coins around it? I do not really know, I hope that it does better but I am not sure if it will be like that or not. I think it is quite obvious that we should be forgetting about "when" it will do parabolic and instead focus on making more and more investments until it does. This way we will have a lot more litecoin when the movement starts and we wouldn't be really worried about when it will happen because the longer it takes the more we will be getting. That's how we should approach this situation, otherwise we would be just biting our nail until it goes up, and that's no way of waiting. |
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This question had been asked multiple times in this forum but not withstanding, this is a good time for us to invest in cryptocurrency to prepare for the bull market coming our way. Those who are buying coins now are the one that may make profits from the market because the price of Bitcoin is less now and there is hope that is will skyrocket soon.
I think we could wait until it starts to move you know, there is no need to rush into these things. I personally believe that we are at a good stage at the moment and shouldn't be worried about acting quickly. This is of course only true if you are a trader, if you are a long term investor then you can buy at any moment and the difference on the long term would be tiny and wouldn't matter. But, if you are a trader then I would say that you should put money into something that would make sense when it starts to move, that way you would be riding the wave and can make a lot more profit whereas when you are doing something else, you would have one eye on the market and move accordingly and that would be lovely, I would definitely support something like that. Yeah, I understand that people are looking for ways to make as much profit as they possibly could and that's why they are creating as many projects as they possibly could as well. Getting a newbie account (so your main doesn't get banned or tagged as spam) and then writing about your project is not a good way of getting any people. For example, this topic alone is a good enough reason to think that this project is a scam, I would never invest into a project like this JUST because they did this, I literally have no other reason, I do not need any other reason. If any project has a topic like this, then I am out, would not put in 1 cent into it, not even for testing, not even "small enough that I won't care if I lose it" amount of money, no way. |
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I check on website FireDAO =Social DAO + DID + Web3 Identity + SBTs +On-chain Reputation + On-chain Dividend + Super Economy atleast give us an quick explanation on the website why the project is different with other project ? Sorry i don't see the difference, pls explain too the utility of each ecosytem on your project in the website so we can see clear the purpose of project and plus the roadmap which make it interisting
You are already there. Maybe you only need to read more to know if what they are offering. You can also click on the link provided by the @OP in the first page. It is their announcement thread. Maybe they have other information there that are not yet posted on their websites. There might also be questions there ask by our co-members and are already answered by the team but asking a question here might work too. Good luck and also good luck on the OP's project. If they ask if how to draw attention to the market or to the public rather, that is easy. It can be done obviously through marketing. Firedao is already gaining a popularity here in the forum but I haven't seen it being talked about in the social media sites and other general websites so maybe they will need to work hard on it. |
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if you have problems with resources. and don't really want to take risks btc can be the right choice, but under these conditions no one expects btc to go up so fast.
so you just have to be patient and wait for that moment to arrive.
Resources can mean money so if one is limited or doesn't have a budget at all, it's still useless to recommend Bitcoin to them because they can't still buy it. Maybe the one that they should think for now is how to get a job. BTC can just wait so one must not rush on it. We can also apply for a BTC paying job online and get paid in Bitcoin directly. This way, there is no need for us to buy it using a fiat. There is also a Bitcoin faucet which can be done by anyone. No skill needed here. Yes, the drop rate is tiny but if we can use multiple faucet at once, I think that will still be a good amount if we sum them all together. This is less risky than investing directly. We won't care if BTC will drop because we only obtain it for free anyway. |
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Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.
Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?
Next year is your first bull run? You sound too confident there and it looks like you know what can happen in the future. I think you can say this because everyone is feeling positive about the Bitcoin halving event, that it will pump the whole market. I'm not being negative about it but there is also a possibility that a bull run will happen earlier. It could be on this year, who knows? There is also a chance for it to be delayed but it does not really matter as long as you can be able to wait, you are for sure going to be compensated. It's up to you actually if you will wait or you can sell early if you badly needed some funds. For me I think ill wait for a while. |
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Technology improves people's standard of living and hence should be welcomed. Recently some people may have temporary difficulties because Chat GPT is approaching something that was never imagined. Because of that, there will definitely be difficulties in some workplaces. This matter has already been widely discussed in various media of the world. Many people are going to lose their jobs. But there is another point that is emphasized that this risk is more for those who perform online based tasks because Chap GT is able to do any simple task in a short time. So with the development of technology, people have no choice but to keep up-to-date quickly.
I think it depends on the technology because there are also some who only destroy the peoples lives. It also depends on the people. As long as they use the Technology properly and have limitations, they will only attain the benefits and not the disadvantages. I don't know what happens to Chatgpt on why some are having a difficulty. This is only just a software and people can just ignore it if it is making their lives miserable. If it's about losing a job, I don't think workers will allow this shit to take over. Given that there are risks when using a Chatgpt, business owners aren't likely considering this as a replacement to the human workers. If this affects their company, that will be a big problem instead of being practical. |
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Your calculation is way too off, but scaling up is really needed, and it depends on what industry you are in, like me in the online space, where there is constant competition and you need to acquire new skills or improve them more to get hired, as well as getting an increase if you are doing well in your job. But again, the world is unfair, and it doesn't mean that if you do have that knowledge or skills, then you are earning big. Sometimes there are no opportunities knocking at you, and also there are dump people that got rich just because they inherit their parents wealth, so yes, this is a case-to-case basis.
Apart from inheriting wealth, people can also earn a lot of money if they know how to control people and make them work for them, even if the company you are running is not what you are much knowledgeable about, you can still earn a lot of money if you hire people who are knowledgeable about it and all you do is manage those people and make them run the company. There are a lot of examples like these, there are people who are totally illiterate but they have multiple companies, the reason behind that is that they have the skill of controlling people and understand how they can make people work for them and run their businesses without him having to do anything himself. I think starting a company is a slow way of making money, not a lot of companies start with a couple grand and become million dollar business' overnight, that takes decades of work. Sure these days startups are a bit different, there are a million startups and one out of that million end up getting bought out by some huge company and that's their goal, to have an exit strategy and let the revenue issue solved by a bigger company. In the end that causes them to become something much bigger and it allows those to get rich quick but that is a very few people and not common. Inheritance on the other hand is something that doesn't really take time, if someone dies, you get their money overnight, and suddenly you are rich, but if the person that died was rich, chances are so were you already. |
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Erik Vorhees. He was the dude behind satoshidice and he sold it for 126k bitcoin, obviously he doesn't have it all now and spent it on a lot of startups and that's understandable, people that high usually do not stop and just retire with a mojito in their hands at Bahamas, they keep working.
Still, that money is about 3.7 billion today, he must have a lot less than that, and he distributed some of that even that day because he had shareholders, but he must be pretty rich anyway. After that he kept on doing stuff, like coinapult, shapeshift, bitinstant, and some other stuff he invested. So we could consider him as one of the first successful entrepreneurs in the crypto space, he did what everyone would love to do and achieved it so early on.
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Internet isn't a limitation to bitcoin. Internet is an integral part of bitcoin and Bitcoin would be nothing without it. So saying internet is a limitation of bitcoin is a huge fallacy.
Whatever plight you might be facing lies with your government and not internet.
The only advise I can offer it's to get a reliable VPN for internet access in other countries
You nailed it newbie, the problem isn't the internet but the country that OP is from, he can get rid of this problem in two ways and one is more convenient than the other. 1. He can leave that country behind and move to another if you really want to build a foundation around Bitcoin and crypto, I have see too many people leaving their motherland and move to a foreign country in search of a better life. 2. He can subscribe to a satellite internet providers instead but this have it's cost and also you will need to be in a remote area where there is less activities because your satellite dish will be outdoors for it to get a good signal everyday and people will see it, with gossips going around people will know that you are the only one using the internet, in a country that doesn't want it, sounds like it's against the law in the country? its on you to make a good decision, if the internet is limiting your potential or opportunities you need to get your ass out of that country before you get too old and can't fo anything anymore. Moving to another nation is not the solution, this is the solution for newer generation that doesn't understand that if we keep taking the L, then we are going to see every government do the same eventually. You can't just hop to another nation if you are poor and no other nation takes you as well. Like if I wanted to just move to UK and start living there, that's it, just live there and work there and spend rest of my life there, do you think they will accept me? Why would they? This is why the better method is to get into politics and start changing things from within, if you can do that then you are going to be doing a lot better. I know that it is not going to be an easy thing to do and may take years to change something or you may even fail to change it, but you need to try. |
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