My mother has a dream to build a house, maybe in the future I will have to help her fulfill her dream because my father is spending the money he earns on my education and running the family so at the moment he cannot afford to build a house. I have already gained enough knowledge about trading by being involved with Bitcoin, firstly I want to start my Bitcoin journey through trading, after making some money from trading I plan to invest in Bitcoin for four years. These four years I will hold my investment and also save the money earned from trading or signature campaign for four years so that after four years I can start building the house.
Honestly when it comes to saying so confidently about trading I myself am quite hesitant about it because at the end of the day trading is not as simple as it seems. But if indeed you are sure about it then do what you want to do because you have chosen your path only if indeed you have a better financial condition I think being in investment will be much more comfortable than doing trading because in the end this is the safest way to start well especially the current price is also still quite low. That's just an opinion and not a suggestion to choose because in the end the choice remains with yourself, it's just that when you really want to trade it would be better if you think about the risks more because your goal is good don't let the path you take become a mistake. |
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If you have plans to start a dream business that requires a capital of $20,000 and you were able to make a savings of $15,000 which obviously isn't enough to start up the business, what would be your decision or advice?
1. Invest the $15,000 into a smaller business hoping that the returns will yield the remaining $15,000 in a short period. Note that this has the potential of failing and wasting the already-saved $15,000.
2. Keep the $15,000 while doing other work that will yield the remaining money over a long period.
Would love to see your input or a better suggestion apart from the ones I pointed out above.
N/B
This is the typical situation a friend finds himself and we are just brainstorming in what best to do.
You can try to find a loan. If you do not have enough capital for the business you want to do, do not risk your capital by doing another business. Wait a little longer if necessary, but do the work you want to do. But as I said at the beginning, if you believe that your business will generate income, you can try to take out a loan. As you make profits from your business, you can pay off your debts and accumulate capital again. I think the most important decision to be made here is whether you will be happy if you choose to do a job that you have enough capital for instead of the job you want to do. Yes, that's right, anyway there is nothing wrong with borrowing as long as it is for good things, by borrowing this, the lack of capital can be fulfilled but make sure the business that is run will generate profits for yourself and to pay off the debt that was borrowed for the initial capital earlier. it's okay to open a business with modest capital but in my opinion it is less effective there will be a phase of ups and downs of profit, at this time of course it must be prepared if you experience a business that is less than optimal in profit. Will you choose to stop running it? it depends on your own thoughts, but in my opinion don't stop but try again by understanding the mistakes that have occurred, well here of course you need more funds to start again. At first glance it may not seem good but what's wrong with trying again because every satisfactory result is a complicated process, so in my opinion borrowing more funds is not wrong to do what you have started don't stop halfway. |
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Yes, you are spot on.
The casino basically sells hope, and charges a lot for it.
In the end, the gamblers usually would have gotten a much better future if they invested their money instead of gambling it away.
But that's the high they get, the probability to win a lot of money in a short amount of time. Even though at the end of the day most gamblers will lose it all.
It's all because people are tempted to make money quickly through gambling so they forget or don't realize that they will only lose their money. And if gamblers can find other ways to make money, they can get it and you are giving them good advice by investing their money rather than risking it. And only some people are willing to look for other ways to make money. Most people will continue to use gambling to make money even if they have failed many times. After experiencing loss, instead of realizing it, they become emotional and cannot accept their loss. Yes, that's right, I agree with that, at first they tried to gamble and when they were given a win at the start with the promise of getting a bigger win, without realizing this was a bad start, if at the start they got a win then they would think differently. gambling can make them rich quickly, as time goes by and they always lose, instead of being aware of the defeat, they will try to do anything to be able to gamble again in the hope of getting a big win that will turn their situation around. This is the fear that if they are addicted to gambling, the bad impact that they will feel is that they are thirsty for a big win, they could do something negative, whatever it is, there must be someone who can criticize or direct and make people aware of this gambling addiction, even though this will bring debate. when the gambler cannot accept direction or criticism aimed at them. |
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As eloborated in the opening post, it is true that the needs of people won't come to an end. It is our responsibility to plan wise and allocate good money for savings. Miscellaneous spending happens and those are unavoidable, at times people spend money because they don't know what to do. Such situations needs to be avoided. To understand this situation, one need to spend on analysing whether it is must needed one.
Personally I used to have long term plans and if the earning turns good then I'll spend on it. This helps in achieving the materialistic needs fulfilled earlier. This is possible only through proper planning where we need to be clear on the allocation for our needs and for investment.
Yes, I agree with that, even if your salary is very likely your basic needs can only be covered a little, but this is different from the lifestyle where most people prioritize their lifestyle over their basic needs, many people prioritize their lifestyle to follow current trends with goods. , fashion, luxury gadgets that people buy to look cool in the eyes of other people, so people will think that people who own branded goods are cool people, nowadays people are competing with a luxurious lifestyle no matter how If they can afford an expensive lifestyle, they will fulfill it without thinking about other things that they certainly need for themselves. Maybe basic needs are not prioritized because they prioritize lifestyle with the thought "oh this can be done later, but branded goods are limited". Also, some people can set aside or prioritize saving when it's time for their salary, they prioritize saving for the future, they can appear without prioritizing a luxurious lifestyle because they know there will be a time when they will have their own family to prepare for. |
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Ten Hag made a huge mistake about De Gea and Onana in this season. They had De Gea while he was performing well in Manchester United and he was an experienced goalkeeper there but because of the good relationship between Ten Hag and Onana, Manchester United decided to hire Onana and they didn't extend the contract of De Gea. While Onana could perform well in MAcnshter United.
After the poor performance of Onana, now De Gea posted a picture of him training in Manchester which means this goalkeeper is still already to come back.
Regardless of whether it was a mistake or not I don't think it's something to be concerned about now that it's happened and all they have to think about is how Onana can get back to the form he was in when he was at Inter. Simply making comparisons with De Gea and blaming Onana for what happened isn't very ethical either so it's important for Ten Hag to realize that rash decisions can make fatal mistakes. De Gea back training at Manchester United? If that's true I hope he doesn't get wasted again because he's been very good when he's been dumped and insulted by some fans but still wants to come back. |
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Of course, you can't rely on the salary from being a teacher because it's not much. However, a teacher is remembered and appreciated by many people around him. It's nonsense if you are a permanent teacher but don't have free time to do other activities besides teaching, but in my opinion even permanent teachers definitely have free time to do other activities besides teaching, because the salary from the profession of being a teacher is not much and not will be sufficient for ourselves, not to mention if we have our own family to support.
That is the reason why some people become a teacher, they want to be able to change lives of some of the kids they teach and it definitely is a great deal without a doubt if they can actually do it. However, it is also a shame that being a teacher that wants to shape the future of a nation ends up being so lowly paid, it is not really fair because we are depending on these teachers to make sure that our future generations are better than how we were, and most of the time those teachers are having financial troubles and how could a person who has their own troubles end up making sure that others are doing fine. So, a teacher that gets paid very little do not really end up making better generations and education system usually fails most people. This is different in some countries because there are some countries that treat teachers with decent salaries, even commensurate with what is given, but for most countries the salary as a teacher is not very decent, including in my country. There are some of my friends who work as teachers in high schools who indeed when talking about eligibility it is actually very inappropriate because for a month he only gets a salary of $35 maybe in other countries it can be smaller but if you look at the employees and the average salary in the company it is very far if the average company salary in my country is $200-300 per month. Even though being a teacher is not an easy job and the responsibility is great but sometimes what he gives and the income he gets is not comparable. |
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Yes, it's true that it takes a long time to be able to understand the world of trading, not just haphazardly. To be able to understand and understand trading so that it can be profitable, of course you have to have clear knowledge so that it doesn't cause harm, but there will definitely be losses, but if you trade with clear knowledge, it might be Minimize the risk of loss, learn everything about trading so you can predict correctly and make a profit because basically no one wants to experience a loss even though there will definitely be a loss. Few people have the desire to learn to understand a field they want to work in.
If you have limited money, it's best not to try trading, especially without the slightest knowledge, but if you have more money or enough money, there's no harm in trying trading, but with the caveat that it must be accompanied by clear knowledge, don't just predict the movement of indicators, if you just guess it won't be able to provide a profit but it will only waste your money if you use the theory only luck can provide a profit even if it is right, if it is wrong then you yourself will feel the loss
The trick is that people usually lose patience with it, so if you could keep your emotions in check and do not make any mistakes, then you should be able to do it without a trouble. I understand that it may not be all that troublesome, but if you could do it then you should be able to make some profit with it. I get that it may not be all that simple, but it could be done and you could make some returns without a trouble. I believe that you are going to end up with something that will benefit you one way or another, and could be something that will definitely benefit you. I hope that people could end up with a return that would be a lot more questionable if they start too quickly, so they should give it some time. Actually, even though we can control what is done, things like this still have a big risk where we know that when we try to trade but without being accompanied by knowledge or skills that we have no matter how strong we are in restraining emotions (good self-control) it will not guarantee because trading clearly has to have some techniques and at least basic knowledge that we must master considering that this is not gambling by guessing and relying on instinct. The concept of trading even though it looks simple but it is much more difficult than imagined so when someone who still hasn't mastered this then don't try to be in trading because it can make you miserable and ultimately blame crypto as a scam as it always happens for some people today. |
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Learning how to trade will take some weeks. But learning how to use trading to make profit can take months or a year or more, although learning the strategies can not take more than weeks but learning how to control emotions can take months.
I learn trading myself and it took me some days, but I lost money to trading very well. I learn more and more and now better than before and it takes me more than a year.
One thing I know about trading is to never use the amount of money that you can not afford to lose to trade.
Yes, it's true that it takes a long time to be able to understand the world of trading, not just haphazardly. To be able to understand and understand trading so that it can be profitable, of course you have to have clear knowledge so that it doesn't cause harm, but there will definitely be losses, but if you trade with clear knowledge, it might be Minimize the risk of loss, learn everything about trading so you can predict correctly and make a profit because basically no one wants to experience a loss even though there will definitely be a loss. Few people have the desire to learn to understand a field they want to work in. If you have limited money, it's best not to try trading, especially without the slightest knowledge, but if you have more money or enough money, there's no harm in trying trading, but with the caveat that it must be accompanied by clear knowledge, don't just predict the movement of indicators, if you just guess it won't be able to provide a profit but it will only waste your money if you use the theory only luck can provide a profit even if it is right, if it is wrong then you yourself will feel the loss |
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As the gambling industry is evolving, I think innovations would have kicked in that can make someone create a career from gambling. I do not know how this can be achieved but I feel it is possible.
Making gambling a full time job might be seen as risky but I still feel one can make gambling full time job and a career.
What do you all think?
In my personal opinion, maybe it is true, but are you ready for the big risks of gambling and not to mention the bad effects of gambling that can happen to yourself or even your family and close relatives? There is little chance in my opinion that I can make a career out of gambling, I suggest not to be careless in matters like this. Unless you have money that can't run out. It's not possible, in fact I think this is very risky if you make gambling your main livelihood or full time job, will you always win at gambling? Of course not, people who win or win jackpots only occasionally don't always win, and in my opinion the winnings they get are not equivalent to the money that has been lost due to gambling, expenses and income in gambling will not be equal in my opinion, the greater the expenses we will feel it. If you gamble and always lose but you keep gambling, it means you are a rich person who is willing to waste your money. Even though there are people who gamble with unhealthy physical conditions, for example in a casino I have seen a gambling player who is disabled and uses a wheelchair to help him walk but he still gambles, maybe he has a lot of wealth and spends his money on gambling. |
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I was thinking of a possible business/work to start that will still give me the chance to do my online stuff and of all the things I thought of, these two seem to stand out.
1. I'm good in maths and science-related courses and have always loved teaching; my initial plan as a young person was to enter fully into the teaching profession when I grew up. But now I have grown to know how much teachers are paid and the fact that a single source of income isn't enough to sustain one in today's world and I'm looking at the possibility of doing a teaching job which is what I'm passionate about and use my remaining free time to focus on my crypto and other online stuff that I'm into. My issue with this is that some schools can be engaging and might not give me breathing space to face other stuff.
2. The other option I'm also considering is that, since I have basic experience in graphics, and also have little tech knowledge, I can start up a computer institute where I will focus on training young teenagers on the foundation of basic computer operation, graphics, some tech-related course and also use the working environment to conduct private lesson for them. My issue with this option is that there are people already using their cafe for computer training in the area where I intend to start this business so my fear is how best I can manage the competition although I have a unique idea that is different from what those existing cafes are doing.
Your little advice will go a long way!
Of course, you can't rely on the salary from being a teacher because it's not much. However, a teacher is remembered and appreciated by many people around him. It's nonsense if you are a permanent teacher but don't have free time to do other activities besides teaching, but in my opinion even permanent teachers definitely have free time to do other activities besides teaching, because the salary from the profession of being a teacher is not much and not will be sufficient for ourselves, not to mention if we have our own family to support. If you have skills in the field of graphics, it's good if you can operate and utilize them well. Nowadays, technology is given priority, especially in large companies that are looking for people who are experts in the field of graphics, because as far as I know, graphic art has a high price, this is why an opportunity for you to utilize your graphic skills. There is no need to be afraid to open a business, if you think like this at first then you will give up before fighting. Nowadays, there are many coffeeshops everywhere, but there are several different groups of people who go to these coffeeshops, the first group of people enter luxury coffeeshops just to fulfill their style even though the menu provided is not delicious, but they sell the concept of a luxurious coffeeshop, even though what they do just order randomly without knowing anything, the second group of people who enter coffee shops are to enjoy coffee who really understand coffee without caring about the place or concept of the coffee shop, but usually people like this prefer simple coffee shops with notes of the coffee they enjoy. Very understandable for coffee connoisseurs |
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Dear OP, I suspect you are using AI to reply to these posts but I am on mobile right now which is why I am unable to verify my claim. Moreover, you are violating forum rules. You cannot post more than one post in a row in the same thread. If you want to add something, edit your previous post and add more comments. If you want to add several quotes in a single post, click on edit and then scroll down to the post you want to edit, click on quote and it should add to the reply box where you can edit the post as well. There is no need to quote the whole post to reply someone. Edit the post and remove the unwanted part so it does not look bad. I hope this helps! Looking at the thread benchmark made for AI where the standard is in Sapling or Copyleaks, it seems that this OP is using AI to reply in this thread. Actually, looking at the way he conveyed his intentions, it is also a little ambiguous for me but in this case I will not judge, it's just that this is also a warning to the OP because if the discussion is only focused on AI then why are we discussing until several pages at this time because everything will not benefit the OP and this is a waste of time too because if it is true to use AI we are only communicating with robots. Do we need to continue the discussion about strong digital currency OP? |
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There is nothing hard to know about bitcoin halving. It occurs after every 210000 block has been mined. The next halving will occur after block 840000 has been mined which is estimated to be in April 2024.
After halving, people fomo and buy bitcoin which may likely still happen after 2024 halving. Months after halving, the price of bitcoin will increase as more people invested in it and as more money is invested on it.
Edit:
After halving, bitcoin mining reward will halve. The reward is 6.25 BTC right now. It will halved and become 3.125 BTC.
In my opinion, the concept of block mining is still high enough for beginners to understand. Maybe we can look for other examples with things that are common or often encountered regarding how important Bitcoin's value will be during the halving. For example, providing a comparison of Bitcoin price movements every time it touches ATH. Because that way beginners will be more interested. When it comes to convincing novice investors we are always faced with basic questions. So taking concrete examples will be a solution to provide understanding more quickly. |
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do you think, a parade like this will be effective in reducing the level of gambling addiction?
If i should bet, i did bet that there have been a better parade that makes or made more sense than this, but did not deter or stop people who saw it from gambling, so i do not expect this which you shared to stop people from gambling either, and it cant also reduce gambling addiction if it can not stop people from gambling. One thing we can or should understand is that, gambling is like smoking, people have smoked to the extent that the government have to boldly write in the cigarette's packet that smokers are liable to die young, yet this bold words on the cigar packet have not stopped people from smoking, and neither have it reduced the number of people who smokes on our streets. So it is also the same in gambling, we can advertise or advice all we want against gambling, those who will gamble will still gamble, and those who will get addicted due to lack of control over gambling will still do so regardless.  So in the end, gambling addiction can only be resolved if you have lost everything? because what I noticed is that it is very difficult to find a solution to stop gambling when they find people close to them saying they have just made a profit from gambling. The environment also has a big influence on the difficulty of gambling. Maybe so far apart from having to experience losing everything, other options have other activities that mean they don't have time to play at the casino in their free time. I once interviewed people who managed to get out of the circle of gambling addiction. 5 out of 10 people had the same fate, namely losing everything and at one point their way of life had to be changed. Meanwhile, the rest have busy lives which eventually change their paradigm towards gambling little by little. |
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Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
There are common mistakes they usually makes which are,
_ Not planing there trades: there is a popular saying that he who fail too plan, plan to fail.
Before entering a trade, an entry point and exit point must be spotted if you want to succeed.
_ Don't make emotional driven decisions: Emotions like fear and greed can cloud our sense of reasoning and leads to impulsive action, just stay calm and stick to your plan.
_ Not managing risk properly: this protect your capital, by using stop loss other, It minimize potential losses.
_ Not doing enough research: knowledge is key in trading , knowing the craft is very important, take your time to study the market, analyse chart pattern, and stay updated to news that can impact your trade.
Remember trading requires not just strategy, but discipline
Come with minimal capital and then push yourself to get big profits from betting. Meanwhile, the initial basis for becoming a trader, apart from needing capital, we also need knowledge. Usually beginners come to the market based on references from seeing the results of the achievements of successful traders. So that the level of understanding is still minimal, try to keep forcing yourself as if trading is only about buying and selling. Missing important factors such as knowing what crypto is being purchased, its long-term potential and the community's interest in the crypto itself. I think what you say is correct. Regardless of the results obtained from trading, beginners must have deeper knowledge. Learning will not make him lost. The mindset of wanting to get rich instantly needs to be put aside first. |
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Merit earned in the last 120 days- 21
BTC address (Segwit)- bc1q4kmt8uhqqj2y9agwypawufaytle8j2654rdcqm
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Maybe we should make the difference clear from this point, in you Invested then you have just automatically safe up, but what makes it a savings is the kind of what you have invested, you cannot be dealing with altcoins and keep accumulating them for an investment and expect all things to be equal, the way we take risk also should be considered if truly they are worth going for, our investment will never be a waste only when we made the right decision, every other things comes after the risk taken for an investment.
The problem is that when we start investing, we must realize that it is not for a short time because investment is definitely a longer term goal than we imagine so when you have money and the goal is to do business, it cannot be used as a tool for investment before you start doing business. If you are investing then your goal in doing business must be changed to become an investor because in the end this will affect your goals when investing. Indeed, saving money in investment will be very good especially if the investment we do is something that is very feasible like bitcoin but it takes a long time and effort can not just save today and take it tomorrow with profit because the concept investment is not like that. |
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Prediction 1: $28,233.44
bech32 address: bc1q4kmt8uhqqj2y9agwypawufaytle8j2654rdcqm
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I have decided to continue my involvement with investment in Bitcoin. My conviction in the importance and positive tendencies of bitcoin cannot be complete if I continue to just discuss and learn about its existence. I believe that a practical approach to learning is the best approach, hence my decision to invest in bitcoin with the little funds I have at the moment. I also believe that little drops of water makes the mighty ocean and I'll continue my investments when funds present itself. I wish to take my journey to another level of involvement, hence my decision. I hope and know that in the nearest future, I will be proud of the decision I am taking now. I intend Hodling my coins for a long time to avoid a repeat of my former tragedy.
You are off to a good start and there is a basic basis for deciding to invest. but try to have a plan after purchasing on a centralized exchange make a withdrawal to a really safe cold wallet. Don't keep it too long on a centralized exchange. Maybe you can do it once a month. This means that if you buy 10K Naira every week then in a month you will withdraw 4x purchases at the end of the month to your wallet. So by having a structured plan like that you can enjoy the investment process much more. Of course, this must be supported by stable finances, so you just need to adapt your own version of investment according to your abilities. |
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So this is a great reminder to us investors to not just believe anything that a person, no matter how popular or knowledgeable they are, stated without doing any researches to verify their statement. After all it was out money that is on line.
It's true that we have to be careful about anyone's predictions, we need to make decisions according to what we understand. Regardless of whether it is true or not, in the end we will not blame anyone but only ourselves. Now I prefer to decide for myself when to buy and at what point to exit. Because as long as it is profitable then there is no problem. Most beginners want to instantly follow signal channels or instant predictions without thinking twice. The same thing for those who rely on price predictions from other people, whether they are skilled traders or big influencers, in the end there is no guarantee of being 100% on target. |
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