Planning to avoid unnecessary expenses is something I have been working on for a very long time but up till now no result, sometimes I think is not possible is just for people who have good source of income, but on another point of view can one really plan against avoiding unnecessary expenses? Let's say for example example am saving money to get a property and all of a sudden I got a call that my mother is sick and need an urgent medical attention, I have gotten an expenses I didn't plan for, so how can I avoid the expenses at this point in time? I really need tips on how to avoid unnecessary expenses to increase my income.
You really can't predict and avoid those kinds of unnecessary expenses. What you can do is to plan ahead, in case such expenses arise. Like I said, having a budget(a savings allocation) for unnecessary expenses will do the trick. |
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It's pretty normal to see Bitcoin price drop but why do you think Bitcoin is dead after FTX's bankruptcy?
If anything, the pressure was a lot more on the broader crypto/DeFi industry — not Bitcoin. Yes, bitcoin's price dropped at that time, but it showed that having something so simple as bitcoin is so important. No smart contracts and all that, just plain 'ol bitcoin. |
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Mate — thousands and thousands of us wouldn't be on Bitcointalk or in the broader Bitcoin community if we didn't think that bitcoin would rise in price again. Simple as that.
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In a way yeah but there are some unexpected expenses that planning can not avoid.
Quick tip: you can have an emergency fund(or whatever you want to call it — maybe unexpected expense fund) for exactly these types of circumstances where you have unexpected expenses/bills. So yea, it still can be planned. |
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So what do you suggest? That the MtGox users don't get their bitcoin back? If you're that certain that it will push bitcoin's price down, then you can take advantage of it. But the fact is, nothing is certain concerning markets.
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If you can afford it, but a cheap fireproof safe. Cram that piece of paper together with some important documents so the paper would look like a scrap of paper you accidentally bunched in with your documents.
Optional: passphrase
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Nah, everyone who offers you a "free crypto" probably wants to scam/ take advantage of you. There is nothing free or easy in this world.
Quite unrealistic for a person to give out money in exchange for money in the first place, ain't it? Most legitimate faucets(that are mostly dead already) aren't as evil as you think. They give you free satoshis in exchange for you viewing ads on their platform. |
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It is the other way around, in fact. With a few exceptions, if you want to buy stocks and hold them for life, you'd better look for those that pay around 3% yield. The exception is that a particular company may be undervalued at the moment and give a higher yield. I also depend a bit on the sector; for REITs, the best at the moment is Realty Income, which pays around 5%. Getting into REITs that pay more than 10% is entering the risk zone, as high yields usually indicate problems in the company, which ends up cutting or suspending the dividend, or with a considerable loss of value.
Good take. A better strategy with dividend growth investing seems to be picking the strong and healthy companies that yield ±3%, then just wait for that yield to compound and the company to grow — slowly but surely. |
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This is definitely not the answer you're looking for, but faucets are a total waste of time if we're talking about earning money. There are lots of better ways of earning money out there — you just need to exert a bit of time and effort into learning a skill.
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Yeah but the thing is, if the whole market is down simply because people aren't buying stocks and not because business for dividend-paying companies is bad, the dividend yield is higher. When there's a soaring bull market and stocks are waaaay overvalued, yields are lower--assuming companies aren't jacking up their payouts. And I'm also a big fan of this investment strategy, and I used to have a pretty nice portfolio of stocks (including Coca-Cola, thanks Warren Buffett). Unfortunately, I had to sell off much of what I had.
By the way, REIT stocks generally pay very high dividends, and some of them pay monthly. I didn't watch that video so I don't know if any of them were mentioned, but I've had a hard-on for a few of them for years. One that I own pays something like 13% annually, which is a hell of a lot better than Coca-Cola or pretty much any stock in the Dow or even S&P 500.
I truly get your point. But what I just meant was the fact that dividend growth investing isn't simply just picking the stocks/REITs that produce the highest yield then you pretty much leave it forever. It's simply just a lot more complicated than that. |
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I don't understand how value investing is bad just because a lot of people end up going bust. Investing isn't something that has a 100% win rate in the first place; it was never something that has literally zero risk.
And don't even get me started with the "you are not the house, you cannot win" part.
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It would be great to at least see some numbers or at least more details instead of just saying "I hodled the bitcoin" and some added fluff to make the post longer. This is barely an "update" my dude.
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I wouldn't call it a bad decision actually. The usage of Bitcoin had to start somewhere. If transactions like the 10,000 Bitcoin for a pizza wouldn't have happened, what would the actual utility that people ascribe value to eventually have been? Now speaking for the individuals and the concrete amounts sold back then, it was a "bad" decision, yes. But in the end it was the major precondition for Bitcoin to get going. Someone had to make the first step in order to demonstrate to other people what this is all about and evoke some aha-effect. Bitcoin started to get a price. Those using it very early on realized that there are others accepting it. Selling those 10,000 Bitcoin in exchange for a pizza might have been the best decision of his lifetime because that was his aha-effect and he started to stock up like mad and put thousands and thousands into long-term cold storage.
Of course it wasn't — simply because for people to be able to buy bitcoin, someone needs to sell it to them. But yet people regard it as a bad decision simply because the price is far higher today. |
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If I were to guess, it was far harder to be bullish on bitcoin back then knowing how little usage it had. It's easy to see how bad their decision was because we already know what happened to bitcoin's price. Hindsight is 20/20.
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Idunno — BTCPay seems pretty great in a customer's perspective, not sure if there's anything more I'd need to be honest. Now, the problem is probably on the store owner's side if I were to guess. I'm assuming that the likes of BitPay are far easier to implement to your storefront compared to something like BTCPay.
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In terms of security and trustlessness, Cold Card is probably the best on the top of my head; but the UX isn't the best in my opinion so I'd have a hard time recommending it to the masses.
For 95% of people that aren't so techie, I'd go with Ledger or Trezor.
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The difference is very clear but their are some person that don't pay attention to details. The sound and the spelling looks somehow alike and many uninformed persons might be deceived. In my country many people have been misinformed and scammed because some set of fraudulent individual choose to clone a particular product making it look like the original. Many shitcoins promoters claim that their coins are the same or even better than Bitcoin. That's why I always encourage anyone that engage in Bitcoin awarenesses projects because we really need them. We need to keep spreading the news of Bitcoin until it becomes a household name globally.
In this case, I personally don't think so. If you check their website, it doesn't seem to be trying to copy Bitcoin at all. And if they wanted to be masquerading as the "real" Bitcoin, they could literally pick other names like the hundreds of Bitcoin shit forks we have. |
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Now I get it, thanks for explaining better, you and @jackg, I don't know how hardware wallets function, I thought the only thing that makes a hardware wallet different from a hot wallet is the security side of things and also keeping the wallet offline.
Generating a wallet using a software wallet then importing it to a hardware wallet is like creating a PayPal account on a malware-infested computer then saving the password on a highly-secure Linux device. While your private keys are offline on the hardware wallet, it was already once online and could've potentially been leaked already. |
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Bridging has existed for a while now and Avalanche wasn't definitely the first.
But then again, your bitcoin isn't actually going to another chain because that's technically not possible. Just like wBTC, BTC.b is actually just an IOU, and technically is not 'real' bitcoin.
I'm personally neither for or against it though — I believe you're free to do whatever you want with your bitcoin as long as you're totally aware of the risks.
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I don't get it the point of this topic lol unless I'm missing something?
Question: How to increase capital for investments
Answer: Just save more money loooool
You're pretty much saying: "Thirsty? Just drink water lmao."
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