Therefore i noticed that teaching children of Bitcoin in early stage and mostly children that is up to ten years and above, inculcating the functions and the importance of Bitcoin in children will make them to develop widely with the knowledge being inculcates with them already.
That the o p mentioned that teaching children about bitcoin should at least start from the age of 10 and above.Before children learn about Bitcoin they should at least start with a history of Bitcoin I mean before going into the profit inherent in it.Besides, I am wondering who would do a better job at teaching kids about Bitcoin, is it the school, the parents or some random dude on the internet? at least all of that can be a source for children's learning, although the main thing is the role of parents, providing learning about bitcoin will introduce children to keep up with the times, and the two schools should also be used as a curriculum for learning if a country wants to introduce bitcoin widely. after having a basis from both places, for the development of children can learn from the internet about what they want to know more. that way it will be easier for future generations to introduce bitcoin, especially for those who will pass on bitcoin to their offspring, of course learning about bitcoin is mandatory |
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I hope you know that investment risk can only be managed and reduced, but it can't be completely eradicated no matter which form of investment it is, so the same thing is applicable to Bitcoin. No matter how long it stays, it will only gain more popularity and approval from those criticizing it, and some Bitcoin racists will turn their backs on it and become Bitcoiners, but that will not change its volatile nature, which puts your investment at high risk, especially when you buy at a higher price.
once invested, there is always risk, whether it is gold or real estate, two types of assets are considered the safest ever due to their popularity. but if you compare bitcoin with these asset classes, it is clear that bitcoin is much riskier because it is not yet widely available and has not been recognized by the majority of the world. Those who participate and accept bitcoin represent only 2% of the world population, showing that bitcoin is actually much more risky. Do you calculate bitcoin risk by recognition, or do you calculate bitcoin risk by both recognition and volatility? There is every tendency that any investment with a high possibility of a higher reward always has a greater risk when you view it from the financial studies and adviser point of view. Talking about real estate and gold, I think the era for real estate and gold is gradually fading away; the price and value of those investments are not actually turning into anything tangible these days. Bitcoin is a risky investment because we don't understand how to treat it as an investment. indeed the problem with high volatility is that its value will quickly decrease due to a decline. that's where people sometimes feel worried and eventually leave the market and lose money. but if you keep holding it, the number of bitcoins will remain the same, just waiting for an increase. the problem is when no one knows when the price will recover, so many people are frustrated because they are waiting with uncertainty about the time |
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Trading is more of a combination of psychological strength, insight (analysis and the like), and capital. or maybe there are other additions. But what makes it always profitable is when we have broad insight into the assets being traded (know the fundamentals), have good emotional management (psychological) and make the right decisions (analysis). And another addition is financial management. in financial management there is discipline regarding the ratio of losses that can be borne and the potential profit that is targeted. and others.
but psychology is sometimes the determining factor above all. because decision makers and others are certainly in the psychological realm.
even though you have designed a good strategy, but if the psychology is not good it will be useless and the strategy will be damaged, so that the expected results are not achieved. indeed the role of psychology is the most important in trading, although psychology is not the only determinant of trading success, because it must be supported by analysis and money management. On the other hand, as long as we are trading, we should not treat the market according to us, but we must be able to serve where the market wants to move and we follow it. on the other hand having several accounts would be better for maintaining our psychological stability, so that we can group trades based on the level of risk |
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It is a mistake to consider trading as a sole source of income, and the risk of this error increases if the person supports his family or has to fulfill some payments such as the costs of a loan, a house, a car, or any financial activity related to a certain time, such as electricity bills and rent.
Trading can be considered an additional source of income if you can bear the risks resulting from it, and it is easy for you to lose that money, but you are ambitious and plan to make the most of that money and multiply it.
Here, trading will be acceptable, but with a rewarding financial return, due to the ease of controlling your emotions and not needing money with time restrictions. Right because if you consider trading as a sole way of earning so if you sometimes don't succeed to earn then you will not have any other option to get money to manage expenses. If a person has a salary but not enough then trading is a good way because if unfortunately you don't win there will already be a choice of your salary which will then be satiable for life expenses. controlling of emotions is also very important so be patience with your saving otherwise it will be risky for you. those who invest and trade really shouldn't make it their main income. it's not just a matter of emotional control, it's really important. but no less important, a gambler must wisely share their main income from work done for trading or other activities. the most important thing is not to interfere with the family finances. I don't know if there really are day traders who make trading their main income to make ends meet. maybe there is but that is a day trader with a fairly established capital. day trader there is a daily job. if capital indeed they use large funds. but they don't put all their money into trading or investing in the online world. diversification in various business fields is carried out to obtain a source of income. at first it was income from trading, but after profit sharing, there are funds allocated to other business or investment fields, for example property or the business of opening a coffee shop so that the finances get stronger and have a more stable psychological impact, of course by being able to control emotions affecting performance their trades |
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The choice between trading and investment depends on one's personal preferences, risk tolerance, time availability, and expertise. Some individuals may find trading exciting and enjoy the hands-on approach, while others may prefer the relatively passive nature of long-term investment. It's essential to thoroughly educate oneself about both approaches, understand the associated risks, and consider your own skills and circumstances before deciding which path to pursue.
before choosing between the two, it is better to understand the characteristics between trading and investing, so that we can determine which one to choose. for me choosing both would be better, especially for trading, if later I become a pro trader, then I can meet my daily needs from trading results, and the results from investments can be used as savings. it is not easy to trade, because it has complex problems. but I think enjoying the process will be better, and when it's time to retire, we can still make daily money from the trading business. most people who fail to trade because they give up, of course we can take lessons from all of that, because the learning process is not in a short time |
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I think we have reached the time when working offline is not giving us satisfying compensation anymore. And with the emergence of online trading and investing, a lot of people have start taking the risk, some have become successful, some have end up as epic failure. So trading is not really profitable all the time. That’s the reason why we still need to land a decent job offline and still try to make it work in trading knowing that it has also some great potentials to make us profitable when we’re lucky and skilled in our endeavor.
Trading isn't the only way to earn money online, if you're a trader and not making profits from trading then try other ways of making money online. If you decide because you can't trade then you'll look for an offline job, you're putting yourself back into the bondage that offline works give as you'll have to keep working for you boss, getting only few days off and keep working why he keep getting rich. You can be trading, investing and doing other jobs on the internet at the same time. The internet makes it possible that you don't have to rely on only one job but if you're working offline, you won't have the time to work multiple jobs as an online job, unless your jobs have shifts. the internet opens up many job opportunities and of course is not bound by time so we can manage our own time. both online and offline jobs have their respective advantages and disadvantages, so we must be able to sort them according to their respective characteristics. one person may be successful at an offline job, but perhaps someone else may be successful at an online job, or even some people work at both. The paths taken are different, as long as we can enjoy it, I think it will produce maximum results, and for the current era where the price of necessities is getting higher, I think finding more than one source of income would be better to support the increasingly high necessities of life |
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You can start trading with as small as $10.Trading does not depends on the amount you start with,
You can start trading with $10 but you can think to learn trading with $10 and gain experience,but for trading also you cannot place a trade less than 10 dollars so it means that if you place a trade and your trade loses then you will not be able to place next trade.So I think it's a waste of time to start trading with such a small amount. Capital is very important to start any business or trade even if one does not have much capital but it is not the goal to start trading with $10.So I think it is important to have a good amount for trading so that you can gain experience and earn profit. besides that psychologically people will underestimate small capital, for example if we trade with small capital then we are less focused on observing all conditions, and think more because of small capital then it's okay to lose. On the other hand, we learn to use large funds according to our individual abilities, so there will be a lot of pressure that will be faced, so we tend to be more careful and can trade regularly because we really think it is real money, not just try or play around in trading, and of course from the two comparisons we can judge whether the losses are using small capital |
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Hi just new to here. I want to know what are the good altcoins that can be invest and forget until 2026. I'm currently thinking to spend around 600$ for altcoins. Right now I'm holding BNB & ETH only as altcoins. Don't say buy BTC cuz already have nice amount since 2010.
Is it good to invest in HOOk, SUI , ARB or ID altcoins? Since they are new just thought to give a try. Thank you
really in a very high risk if you invest in altcoins within 2 - 3 years. Moreover, the altcoin you mentioned is a new altcoin that we can't say for sure whether it will last for the next 2 years or not. and my advice is to look for altcoins that have been able to survive for a long time because I believe they have more guarantees in the future. my recommendations CARDANO and SOLONA. I agree, for a relatively long period of 2-3 years, it would be better to invest in old altcoins that are at the top, so that we will sleep more peacefully. Even though the new altcoins seem convincing at the beginning of their development, that is not a guarantee that they will be able to develop over time, a little allocation may be the right thing to buy new altcoins according to our hearts' desires. especially for beginners, of course the security of funds is the main thing, so that the psychology is not disturbed during the learning process |
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that's actually valid reason for most of meme coins fans in buying doge coin because the simple gesture of elon changing twitter logo to doge already such massive financial advice for them. there's reason why it's called meme coin because the community itself revolves around meme.
If you check the current price and ath chart of doge, that's horrible. It seems replacing Twitter logo is a part of new game what elon want to start regarding next bull run. Maybe doge will pump soon with elon but it might be fall down hardly more than like before. So it's always better to avoid memecoin or invest a amount what anyone can afford if lost it's really terrible when trading on memecoin like doge, it's hard to predict it, as if we have to read elon's mind first before we can make a decision. and it is not easy to guess. therefore using a little money to buy it, so that if something bad happens, our finances are not shaken. but I personally prefer to avoid it, because it always makes a heart attack with every wild move, maybe we can see in the next bullrun season, of course at the end there will be many people smiling, but there will also be many people telling their sadness |
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The market is truly going south these days as we can see. Am I still positive about the market trend in June ? More or less. If the whole market does not get any better in June, I tend to be more conservative as I have also invested in Bitcoin and other altcoins and I don’t want to lose more money. The world economy is still in recession in general and I can’t see any good sign coming any time soon. Hope crypto industry is an exception.
The chance for bitcoin to surpass 30k is still there but im not sure if bitcoin will able to surpass it even higher than before. Crypto is always following the economic condition in the global market. People are willing to invest their money if they can get it easily in the real life. That means as long as the economic is still good and the chance for bitcoin to break 30k is still there. Crypto industry will not be an exception. the development of bitcoin indeed has more or less influence from the development of the world economy, I think to penetrate $ 30k is not difficult from the current position, but when that will happen, no one can say for sure, most of their predictions want to cause fomo so that it results in a psychological attack to buy bitcoins. but of course you can't be sure when it will happen sooner or later, therefore we have to be patient to wait for our target, even though it may not be in June, but it will definitely be achieved |
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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.
young people are more sensitive to technological developments, moreover bitcoin is a business opportunity today and basically a young man would prefer to try something new, let alone be able to generate fantastic profits. many young people got rich suddenly when the bitcoin price experienced a bull run last year. with this success story it will make more and more people want to learn it and get success like the others. |
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very inspiring thing to do and it turns out that after we provide payments using bitcoin there are many young people who also use bitcoin. the benefits that can be obtained, we can create a bitcoin community from customers especially in one city, so that we can support each other for common progress. and secondly when bitcoin is experiencing a bearish season like today, it is indeed profitable to collect bitcoins, because we are also considered investing, with some profits set aside
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I think what you said is correct. In investing there are two possibilities of profit and loss, in fact there will be no loss if you don't sell it when the price drops, again about knowledge about bitcoin you must also understand before investing. because most people think that by investing in bitcoin, you will definitely benefit and multiply, even though it is not as easy as one might imagine, you must have a basic investment in cryptocurrency, namely good knowledge and mentality
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as a bitcoin investor and someone who believes in bitcoin, for me it doesn't really matter if bitcoin doesn't increase this year. considering that when I invest in bitcoin, I tend to dare to hold it in the long term, and what is used to invest is cold money, so I will remain faithful to waiting for it like in 2017 and 2021, where many people do not expect bitcoin to reach levels beyond many people estimate
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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?
When it's got to do with local banks, it doesn't matter the strategy you take or not take. All road still leads back to them when you have your savings in fiat or buy gold with same bank. Should there be issues of the bank going bankrupted, your savings in both fiat and gold for commodity would be laid waste as well. Gold might attain some solid state but still, your portfolio could still be liquidated and used to perform other banking options untill they lack the ability to pay. This is why, its of importance that, you diversify have some of your portfolio in other valuable gorms and when using the services of local banks, don't stick to just one. risks will exist in all areas and what we do. therefore diversifying the assets that we have is very important so that if the worst risk occurs, we still have assets in other fields. and in diversifying the assets we must also classify them according to the level of risk when compared to inflation. just like we save in fiat currency, of course it will be different from gold or bitcoin, and another thing if we invest in property, everything has its own advantages and disadvantages |
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Everyone hopes to avoid poverty, but life is indeed unique because when we try our best not to be poor but sometimes we are still poor, poverty will always exist because life requires poor people who are willing to work hard, such as being a builder, garbage collector, driver, mechanic, etc. farmers and so on.
No one really wants to be poor, but it is some sort of hole that is very difficult to get out of. I've seen many people who really work hard, but the opportunity to earn a huge amount is really low, which is why others have multiple jobs just to sustain their needs. There are also factors that you don't have skills, which is why you can't find a decent job or there are fewer opportunities that you can get, and I belong to this group, which is also scared to take risks, like venturing out to other nations, because if it fails, my family has nothing to eat. everyone has different skills and mentality factors, similarly I have skills but not flashy, so average like most people, so it is difficult to sell the ability we have to charge higher rates than in general, and also do not have the mentality to entrepreneurship, so it is difficult to stand alone, therefore I prefer to be an employee and try to build my own business, so that monthly income is still available at least for eating and trying to make money from other businesses, by learning to cultivate a mentality of hoping that in the future I can become successful entrepreneur |
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If I want to, I prefer to avoid loans because we know that loans have extra interest, but for someone like me, whose salary rate is too low, it is really necessary to borrow money to use in online businesses. It is better to think first if there are things that need to be financed or if there is a lack of capital for the business so it is necessary to take out a loan. Be smart in using the money from the loan, it is better if we use it in businesses or earnings so that we can return the money we owe sooner or at the right time.
True, in borrowing we have to think about several factors such as large interest, and most importantly our ability to pay bills when they are due, everything must be taken into account so that our income is not only used to pay off debt That is why always take into consideration or like having a calculation if you can still pay it off and you are not over spending because you'll be hard time paying it in long time. Others also take a loan just to pay off another debt which is really a bad move but still other has no choice as their income is not enough. Ive also came into this point that i really need to take a loan just o pay off debt which i am lucky that I've got out from it and it really kills you mentally as you are sleeping thinking how you pay it back having debt to pay off other debts sometimes needs to be done, because this concerns our good name regarding consistency so that we don't lose trust. people who have fallen into a problem like this may at first have done the calculations to how to pay for it, but sometimes the trip doesn't go according to plan, so they are forced into a dilemma situation like that. it would be better to have debt with an amount of no more than 20% of the assets we have, so that it will be more comfortable if in the middle of the road it doesn't match our previous plans |
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Simply, bull market is where the charts are rising and bear market is where the charts are decreasing. Let simplify it more for you: buy on red and sell on green. To be honest, trading is not complicated unlike what peopel say , you should keep it simple and take it step by step. Plus, there is a plenty of courses , lessons and books on the internet, make some researches and pick the most useful and effective ones in case you’re interested in trading. Moreover, If you want to have a successful career in this field. To begin with, feed your mind with knowledge. Furthermore, set simple strategies plus plans, then start with a limited capital. Remember that the more experienced you are and disciplined, the safest and easiest to achieve success.
what is needed in doing this business is knowledge and experience, without mastering both I don't think we will get maximum results, we only understand theory well, but without experience, we will not know the psychology of trading after facing the real market, or people who have often trade, but without having knowledge it is as if gambling. but for long-term investing, we really should do it when there is a bear market, where the price is making a major decline, and look for areas to buy, namely at the support we have determined, and wait for it to happen to be a bull market to sell, it seems easy, but we will find problem after doing it |
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Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.
i can actually relate to your situation right now but for me you should prioritize first your studies and save money little by little, as we all know there's so many fees in school and we have to pay in order for us to continue our studies. putting your savings in investment is not actually a good idea as a student, it's up to you taking risk decisions but you should know the possible outcome too. Saving in investment is a good idea for students because it can made you aware on how to have discipline while doing your studies also the better approach on this is that he is just turn between the two for the purpose, it is better he should start saving now regardless of the purpose and as the time goes by he will then discover what is better, just save it that is difficult to get like a piggy bank and if it is already accumulated overtime then that is the time he will decide if it is for investment or not. saving or investing is something that is done after fulfilling all needs and desires, when you have more money after all that is fulfilled then deciding to invest is the right choice for a better future, that applies to anyone young or old the difference in terms of investing and saving because everyone needs it to live better in the future. even though it's a good thing but something must be prioritized before doing that, and I don't agree with people who refrain from all desires just to invest. Investing can be done if our lives are guaranteed, at least we already have savings for the next 1 year of life, so that we can raise money to make investments, in ongoing investments there will be no financial difficulties to meet our daily needs. this is closely related to psychological problems to hold on in the long term. a common mistake is that people force themselves to make investments, and when there is difficulty with money to make ends meet, while the investment is still in a floating minus, and eventually it falls apart. the thing to remember is that we invest, means ready to hold in the long term |
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