Well, we all know Tether has issues and many people say that USDC is much safer than USDT which is not true according to this research. Although this tweet is few months old but it is a moment of concern. All of these coins USDT, and USDC and even BUSD are not safe. The Algorithmic stable coins like Dai can also lose their peg against the dollar in a crisis situation. In this situation, what can be the best way to store our stable coins   https://twitter.com/CryptoInsider23/status/1542027718677504002I personally probably won't save my assets to any stablecoin because it's the same as centralized banknotes, they're all scams in my personal view. I prefer to keep my assets in bitcoin with a cold wallet like trezor or safepal wallet because it's 100% full, we control what's more, bitcoin is limited to only 21 million coins in the world, the nature of fix can't be added anymore |
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The PEPE is down to 0.000001 value now is good time to buy yes? ? https://coinmarketcap.com/currencies/pepe/Binance aproves PEPE as a good oportunity.11.5 Elon musk made a Tweet about PEPE 10.5 5000% PROFIT IN MAY POSSIBLE TO ALL ?the right time maybe yes but you need to remember that pepe is a meme coin which is only seasonal it's a new memecoin hype but at today's price maybe you're too late to buy it because you bought it when the coin was high but it's up to you whether you want to buy it or not but know the risks because coins like that are very volatile this is just a suggestion and what i know |
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There is a thin line between being contented and living below your potential, this is what I have come to notice with some people around me who should be doing better financially than they are but because they claim to be contended they have refused to do more. How can you explain financial contentment to someone successful and what do you think it is?
There is a lot a thin line between wasting time and patience. How can we know that we are not wasting our time doing a business?
Personally, financial satisfaction is financial freedom. We don't think about the price of the goods or food we buy, but to achieve that, we must be successful first. the way we know we are not wasting time, in my opinion, is to do something useful for ourselves, like hanging out with our business friends, at least we have new knowledge and relationships every day, not just bullshit |
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so far my favorite memecoin is still dogecoin because dogecoin is the first memecoin i know and dogecoin gave me a number of very large profits i love dogecoin what else is doge coin one of elon musk's favorite coins i'm really waiting for new hype from dogecoin doge to the moonn |
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memecoin is now getting more popular than doge, shiba, floki, now pepe coin which is very popular on social media is pepe going to be the new shiba? I think it could be that yes, Pepe rose very drastically in 2 days up to 644%, but you need to remember that this is a new coin hype meme. I think memecoin is a seasonal coin, every new increase there must be a decline that will come very risky if you buy now but if you want to buy it too it's up to you this is memecoin's new hype |
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Recently I have had numerous reunions with Uncles from my extended family. Some of them are successful businessmen for decades. They built their business from nothing and are living quite a comfortable life now. We had long conversations about life in general, including their key to success. I knew very well that they have been hard workers ever since I had a memory so I would contribute their success to endless efforts. However, one thing they had mentioned in common was luck. They believe pure luck made them meet and grasp those opportunities and become successful rather than their smartness and efforts. I've thought about this before and couldn't agree with this more. They've set very good examples to me, including my father, and now I tend to focus more on work itself consistently and let luck or fate takes the rest.
I don't think so, the luck factor is indeed one of the important factors for us to be successful but it doesn't rule out the possibility that we can also be successful without it, the point is if we are diligent in trying to work hard not being lazy staying consistent with what we do I'm sure we can become successful people . because success is only for worthy people |
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I am curious. How many of you also stack gold and silver in addition to BTC as a hedge for inflation?
I am also one of the holders of gold and silver as an asset to protect against inflation but most of my assets that I exchange as assets are resistant to investment, namely BTC, gold is in second place and silver is last, but overall I exchange it to bitcoin |
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What is the real difference between bull and bear market and how can one utilize them to make some good profits?
I will give an illustration of how to take advantage of a bull market and a bear market, but we must know the difference between the two. A bull market is where the market is rising, while a bear market is a down market. We must be able to take advantage of both. I personally will do different things if the market during a bear market I will buy more coins because I think during a bear market it is a discount in my opinion and if during a bull market I will slowly sell my assets that I bought during a bear market so the cycle repeats itself |
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Trading is not easy,
especially when you first try it. I am sure that almost all traders who exist today must have had a dark experience when trading. But by experiencing this dark experience, traders can learn more from their mistakes. So the dark experience that occurred when trading in crypto, can be a very extraordinary lesson for the future, so that it is even more powerful in trading.
When it comes to the capital that must be used for trading in crypto, it is not recommended to use the salary money fully worked, especially those who still have a lot of needs through the salary money. So basically when you want to start trading in crypto, you have to use really cold money/capital. Because if you use money that is still hot, most traders will complain of worry and eventually lose control, because their mentality has fallen. And
I personally, when I want to buy crypto assets, always use money/capital from the money left over from the cost of my basic needs and from the savings I have, so I feel calmer and less stressed.
I totally agree with your opinion that trading is not as easy as other people think, as well as the name of investment, what's more, investing in cryptocurrency is a very volatile market. We have to know when we enter and when we exit trading and investing as much as possible, don't ever use hot money. again all in to a coin is very high risk remember to look for coins that have the potential to go up with personal fundamental analysis don't ever follow other people's words because no one in this world can predict the market will go up or down so stay safe |
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How to save savings in inflation, there are many deposits provided by the bank, but banks often go bankrupt, does it make sense to buy gold? How is gold bought in a bank and interest is issued on it?
if asked to choose between savings in a bank or gold of course I choose gold because gold has a value that tends to be stable but if there is another choice I choose bitcoin to protect my assets against inflation because there are only 21 million bitcoin coins circulating in the world of fixed value and no it can be added differently with money and gold. I think one of the top assets for dealing with inflation is bitcoin, how about you |
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Ethereum (ETH),Binance Coin (BNB),XRP (XRP). how to choose how to distribute the interest on them?
maybe I will share in the form of a 60% gratuity in ETH, 30% BNB, and 10% XRP this is only based on my analysis and that has the potential to glow up 10x maybe I will allocate my assets between ETH, BNB, XRP as above. |
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Quite a lot have happened in the crypto investment market with the long run of a bear market in 2022, as a result of the various market crisis ranging from ftx bankruptcy and Luna crash that affect the market for a long time, before the present recovery, many crypto analysts such as myself are confused as for what the level of confidence of investors towards altcoins in this period. Do you consider any altcoin to be pf future profiting, if yes then what is the percentage calculation of your confidence level in that coin and why should we hold them for a long-term basis?
I currently only save and trust one altcoin, namely ethereum because ethereum is arguably the bitcoin killer and my level of trust in ETH is maybe 80%, maybe I think eth will grow 10x in the next year, according to my analysis, there are probably two good assets for investment and in sleep at the moment BTC and ETH I think maybe I will split BTC 60% ETH 40% of my total investment assets this is not investment advice this is just based on my analysis |
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Source: Tutwa Consulting Group BRICS nations are advancing at a fast pace to eliminate the U.S. dollar-dominated financial system. The first step is to bypass the U.S. dollar and the second step is to create a new currency to settle international trades. While the first step is already in practice, the second step could be put in place after the BRICS summit in August 2023. The alliance countries have already taken measures to bypass the US-dominated global financial system. The aim is to move away from the dependency on the U.S. dollar and provide an alternative global financial option. BRICS is an alliance of Brazil, Russia, India, China, and South Africa. BRICS: The Next Step To Eliminate The U.S. dollar currency Source: Unsplash Just recently, BRICS nations overtook G7 countries in global GDP while taking purchasing power parity into account. Russia announced that it would pay with the Chinese Yuan to settle trade with Asian, African, and Latin American countries. China and France completed the LNG gas trade using Yuan, ending the dollar’s reliance on energy trades. Therefore, BRICS are currently successful in their plans to eliminate the U.S. dollar to settle global trades in native currencies. However, if the alliance countries agree to a mutual currency to settle global trade in the upcoming summit in August, the dollar may face a significant drop in demand. The U.S. dollar might lack potency if the BRICS countries fully eliminate it for global settlements. Over time, many other countries could join the bandwagon and distance themselves from the USD. The development could make the dollar weak and make way for a new financial system not dependent on the USD. The success or failure of this development now only depends on the next BRICS summit in South Africa. The transition to settlements in national currencies is the first step. The next one is to provide the circulation of digital or any other form of a fundamentally new currency in the near future,” said the Deputy Chairman of Russia Duma, Alexander Bobakov https://watcher.guru/news/brics-advancing-to-eliminate-u-s-dollar-financial-systemAccording to my personal assumptions, this can happen, especially recently, Russia, China, wants to get rid of the dollar, they will create a new currency without using the US dollar, that's one proof of rejection of the US dollar, but I'm sure there will be a new currency between countries without the dollar, but the dollar will stay. according to the price. |
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From my experience as a business person, in buying and selling, I have discovered some helpful tips on how to increase profit. I an happy to share some in this forum.
Customer relation, a business person must understand that customer is king and should be treated like a royalty. Even it they are buying the least thing in your shop. When they leave your shop delighted, be assured that they will always come back to patronise you. And they will even market your products to their friends. Meaning more patronage for your business which will be increasing your profit.
Your business should have at least one season when you give out rewards and discounts to customers when they buy your products. This will increase your sales geometrically and when you remove the cost of the reward and discounts, you will still have increased profit.
Stock different brands of the products that you sell. Customers will prefer to enter a shop where they will see different varieties of what they need. More customers will enter and will even be tempted to buy more than they planned for. More customers equals more profit.
Please feel free to drop your own ideas on how to increase profit in businesses.
maintaining the quality of our products makes our brand different from others creating high value from our brand maintaining relationships with customers and providing them with excellent service so that our business will run smoothly in the future. |
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Everyone loves to become a successful being but success definition differs for everyone. Most people see success as being fame and rich. Although money is a huge driving factor for a lot of things and an ultimate measuring stick for whether or not a business is successful but this doesn't fully define success. Success is about claiming and speaking up for what is important to you. Consider these and tell if they are successful
👉👉a rich and a famous man with a broken home
👉👉a rich and a famous man that has failed to impact on others.
👉👉a money corrupt rich and famous man
👉👉a ritualist with great fame.
Although this people are rich and famous but aren't successful at my own part. There is always a shortcut to riches and being famous but success comes through hardwork. There are many rich and famous people who have attempted suicides in their life. If being rich is being successful, then what made them to take such disastrous steps? Sanjay Dutt is a son of a famous politician and is one of the richest celebrities, Sunil Dutt. Still, he is behind lock-up. Is this what we call as success? Many gangstar becomes rich out of crime and corruption but they are not successful in our society. This is part of what causes increasement in crime rate and corruption in the world as everyone want to be rich so as to be called a successful being. A successful man is one who finds his purpose and creates a life where he can fulfill that purpose.
CONCLUSION
Let's stop making money and fame the only measure for success. Being successful is being happy and satisfied with ones fully achieved dreams. Money cannot buy satisfaction and happiness. Satisfaction and happiness is the true definition of success and anyone without this can not be declare as being successful.
the definition of success in my own opinion is being useful for other people and family not trapped in financial problems and being able to help more people I agree that money cannot buy happiness but one of the main factors to success is financial freedom because with money we can help more people and do good to everyone I think the most important success is regardless of any financial problems money is not the most important thing in this world but money is the important point the first three are healthy the second is family and the third money with money we can make it easier to get to the first point do you agree or not? |
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In life we have different folks with different likes and preference. There are people that chosed to go into business as businessmen from scratch and turned out to be business tycoons and movers and shakers of the industries with some few years in business. While on the other hand some other person chosed to be employees as in working for those that owns business organisations/companies and yet still made it in life to an enviable climax. Perhaps cause that's what they love and have enthusiasm for rather than being an entrepreneur which perhaps might not have worked out well for their career eventually. Either way, be it a business owner or an employee there are some other people who venture into either of them made no success too. Life can be somehow unfair, right? No! Life isn't unfair, for that's how the cosmos works. So everyone can't just win on a particular thing, definitely not everyone  Now let's have a discussion about it all, for between being an employee to work for some other person's establishments/organization/company and rather taking time/years to establishing your own company and not working under an employer but rather you being the employer, which will you chose and please ensure to back up your choice with reasonable thoughts, as it could be a guide to some other person's that might be reading this tread. Let's begin! if asked to choose to be an employee or a businessman of course I choose to be a businessman because it crossed my mind instead of looking for a job why don't I open up jobs myself I help more other people because I prefer to be a leader because in my opinion being an employee will it's hard to be free from financial problems even though the business won't always be profitable it can also be a loss what about you? |
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Shrinkflation is practice of reducing the size of a product while maintaining its sticker price. I hate it when companies reduce quantity (and often quality too) of product to sell it at same price as before to combat inflation. Oh and don't forget those, "30% Extra" labels. Inflation makes everything rise, so might as well keep the original quantity and just increase the price. Do you agree? How would you combat inflation if you were running a company? if i own a company and want to fight inflation so my company doesn't go bankrupt i will divert the company money to inflation resistant assets like gold and bitcoin because one effective way to fight inflation is to buy inflation resistant assets if things start to recover i will sell some of the assets that I bought so that my company can run again as before, this is just my personal opinion |
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Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money. This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out. I hope you are not one of them.
in that case, it's the person's fault, don't ever spend money that exceeds our income per month, save money, manage money as best as possible, invest if we live like that, spend spree and at the end of the month we're short on money and can't pay our installments, we'll be short of money forever. savings, no work assets, just enough for daily life, that's the matrix, we have to let go of the so-called matrix, make money work for us, not money work for us, invest it from now on, if not from now, then when |
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I will like to tell you guys a little about the improvement of Bitcoin.
If there is 8 billion people in the world today and 190 million people has invested in Bitcoin, which means Bitcoin is almost all over the world.
I will likely say from the year 2009 when Bitcoin was lunched till date 190 Million people had invested on Bitcoin and I think from now till about more 10 years it will be over 300 million investors.
And I think many more people are still trying to invest on Bitcoin, I have friends which I introduced to Bitcoin and they have invested already.
So guys for you to be a good investor you have to introduce Bitcoin to other who are not on this forum, enlighten them couch them how it works too.
BITCOIN IS HERE TO STAY.
I have introduced bitcoin several times to my friends and close relatives, some have responded and some have not responded because on average people don't really like bitcoin because of the fud circulating on social media, they believe more in legality than they are, but they are not aware of it on the web 3 later bitcoin will become one of the most useful assets in the future later I will also explain that owning bitcoin is not just an investment asset but rather a medium of exchange in the future |
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Some of the crucial money lessons I learned in the past few months both from personal experience and from watching other people
1 Invest in the future of your kids so that they have something to fall back on:
There is a saying that even though I don't come from a wealthy home, a wealthy home will come out from me. The ease with which your kids will experience life when you consciously focus on investing in the future of your kids, cannot be overemphasize. You'll be less stressful, less anxious because you got it all covered. What are some investment you think are wise to be made for the future of your kids?
2 Do not go about with large wads of money in your wallet or with you
The first reason is for security purposes. The second reason is so that if you lose your personal items, it will not hurt so bad. Besides who still carries cash when you can make payments digitally. What do think?
3 You need a side hustle even if you have a main job
This cannot be over emphasized. There is no job security. Nothing is promised. Learn a skill or turn your interests or that thing you enjoy doing in your spare time to a side hustle. We all need the extra cash.
4. If you need a motivation for saving, attach a goal to it. This explains itself. Save with a goal or purpose in mind.
What money lessons have you learned so far?
I have already gone through points 1,2,3 and 4. I also learned from my personal environment, but I am now deeper into what is called investment. lately I realized that we just keep saving continuously without investing our money, but the value of the money actually decreases because there is inflation and I also know that there is not a single rich person in this world who has enormous wealth without investing and I now I realize that investing is important for the future rather than just saving money because I used to only be taught what is called saving, not investing. are you guys the same? |
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