If you are in twenties or early thirties and remain single, earn $3,000 after tax per month, you will probably save $1,000 if you, let's say, spend $500 to $800 on rental, a guest bedroom in a shared house/apartment, $500 on food, $50 on utilities, $150 on phone/internet bills, $400 on commuting costs or gas/maintainance if you have a used car, $200 on occasional entertainment or others. This $1,000 savings will allow you to invest or place a house down payment when time is ripe. Is this possible based on where you live ?
it is very possible that in my opinion the 1000$ is used to invest for the future because we will not work forever and our age will increase every year our stamina will decrease as we get older so with 1000$ it is very good for investment for the future because when we are old, we will no longer work for money by investing money that works for us. |
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The massive awareness to keep bitcoins for as long as possible promotes people to develop the attitude of saving, just like saving money. Do you agree with this that people who are very good at saving money become very good at keeping bitcoins when they finally start doing cryptocurrency? Or do you feel that there is no similarity between keeping bitcoins and keeping money?
that is very different from storing bitcoins, you can also say that you can save assets that have the potential to increase and will be very useful in the future, even though their nature is very volatile, different from saving money in a bank or cash. it can be said that it is just silent about our assets because the value of money decreases every year due to inflation, remember the two are very different what do you think? |
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Now you have $100,000 in your account, pure savings, and you don't need this amount of money to cover your daily expenses. Obviously it's good/free money to use at will. Let's say if you deposit the money into a bank and the annual interst rate is 3%, you will get a steady interest income year by year. If you use this money to buy Bitcoin, let's say the BTC drops to $17,000, you'll buy less than 6 Bitcoins. In the long run, what would you do with this money ? And why ?
in the long run I will buy bitcoin with all my money because I believe bitcoin is a substitute for fiat money in the future one of the reasons I chose bitcoin is because bitcoin is limited, only 21 million coins in the world cannot be added anymore. and I really believe the future of bitcoin is not only an investment tool but we can buy food items using bitcoin I really look forward to that time |
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Working as a civil servants have always been my thing, I work from Monday to Friday which to me is normal, I feel proud doing it until I started trading bitcoin.
Trading started making me see things differently, because I no longer wait for my monthly salary, now I earn money daily and week, due to the kind of large amount of money I make in trading I fell out of love for my civil service job, because the money is small but it is still a decent salary.
Note: in trading I earn base on performance, but even though the market is too bad, I still earn a decent amount of money out of it in a month base on my level in trading.
My question is guys which do you prefer, a steady monthly salary which you know that no matter what, it must come once the month ends or a business/ trading/ any other thing which you can do that you earn base on performance and you have the capacity to earn ten fold of what a civil servants might earn if you are good at it, but there is also a possibility that you may have a bad day in the office which you may even incurred some loss.
Which do you prefer an why.
I prefer to try or trade rather than being an employee even though the business sometimes goes up and down because trying has a risk but instead of being an employee our salary takes a long time to increase it takes years that's the reason I chose a business because I learned how to make money by trading because we try not to have pressure a large one like a natural office employee. very high pressure but the salary we receive is not commensurate with what we do I really don't like that this is just my personal opinion what do you think? |
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Hello Everyone,
I am not speaking about just Bitcoin. I am speaking about every cryptocurrency / token. Regardless of crypto price fluctuations, many online and offline stores are ready to accept crypto as payment. So How will willing are you to spend crypto for your purchases?
If one doesn't spend their crypto for purchases and wait for to spend their crypto when its price is nice, are they really considering it as a cryptocurrency or can we assume like those people are treating more like a security or investment instrument?
I'm really waiting for this because one of my goals for choosing crypto is not just investing but we can buy goods from the coins that we hold, I think the future will be like that now, unfortunately I keep more of my money in bitcoins than dollars because I'm sure bitcoin is not just an investment but will replace fiat money in the future |
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The open blockchain platform Harmony has announced that it will start supporting staking from now, in an effort to create a blockchain-based infrastructure. source: https://www.harmony.one/Of course, as I know, there are many exchanges that support staking. I want to fully understand what is staking and what are the best coins and platforms that we can do staking and give good profits? My most important question: Which is better, staking or investing? which is clearly better investment because the risk is smaller than staking this is just my personal assumption correct me if im wrong. Instead of stacking, I prefer investing because we can sell investments at any time, in a state of loss or profit, which is different from staking because we all want to profit and choose a small risk so that we don't get hit by a loss. what do you think? |
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Many years ago, I heard the story of a man whose business partner did dirty. They were business partners for almost 5 years and the suddenly the business partner left with company's money. Even after several years, this man didn't recovered. He ended up sounding it as a warning to his kids never to go into business with anyone. The trust was destroyed and never recovered. This is just one of those sad stories.
On the other hand, there are many success stories of friends who went into business together and succeeded to together. If you have ever gone into business with a friend, what were your biggest concerns and how did work through it.
So far I do business with my friends, the business runs smoothly and there are no problems, but we cannot entrust 100% of our business to our business friends. We must always check according to existing procedures and discuss existing problems with each other because business is a business of many friendships. it's not good just because of money even family relationship is also like that to solve the problem it doesn't happen still always be wary of our own friends or family because money can be a source of problem in relationship |
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We Are waiting now money printing.
First we wait for other Crisis then it Will be Money printimg brrrr.
2023 economic plan
In 1-2 months crisis (data shows that bigger crisis then covid 19 ) BIG ONE IS brweing
In 6-8 months big Money printing.
The plan is to print more money now.
Off course this time the money printing Will exeed Even the wildest dreams.
Of the various monetary policies that have taken place today, all that I have noticed is that the average country makes a policy of increasing interest rates to suppress inflation that has exceeded the limit. So what are their reasons for printing money again? I honestly don't understand what you are saying as a whole, but from what I know printing money must be marked by several reasons, such as balancing the circulation of money with the circulation of goods, covering companies/banks that are about to go bankrupt, rescue due to the health crisis and others for things - important for the security of the economy and the country. I hope you provide the basic data for the thoughts you convey so that we understand it much better. Countries that overprint money are stupid governments, and they make their currency worthless by having an abnormal amount just like Zimbabwe. Today's economy is looking for a meeting point and balance between the money supply and the amount of goods in circulation, so don't be surprised if the average interest rate increases dramatically, that's the main goal to position inflation at a minimum year on year. But main point is we Are on hold now all we waiting is new money printing brrrrr
I still don't understand, does it mean that the new money is the money issued by the BRICS?  Reason becouse we need new money in order to continue Same old life as we use to or atleast wealthy ones can keep their wealthy life. Bricks Nation is another story. Banking Crisis Also need again extra money. Until the Stablecoins are ready we continue Money printing brrrr. First one is the USDC the rich ones buying it before others before it gets approved as CBDC. Yes, in my opinion, we have to start buying bitcoin from now on to survive if there is a crisis, we are also ready to deal with it because some people change their dollars into bitcoins so they don't get high inflation. I think that's a very good step compared to us buying stablecoins like usdt and usdc |
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There are talks among the world's major central banks to begin the creation of their own digital currencies (Central Bank Digital Currencies for that matter). The launch of Bitcoin, and the widespread popularity of "De-Fi", has led governments to act fast before they're left behind the game. They know they can't beat Bitcoin, so they will try to be in-par with it by launching digital currencies of their own. The average person won't notice any difference with the new digital cash system, as everything would be the same as using a credit/debit card. I'm beginning to question whenever CBDCs will be able to replace paper money for good, or will it co-exist with the old system? After all, credit/debit cards didn't manage to replace paper money when they launched. For being in the 21st century, I'd say paper money should be phased out as soon as possible. Everything should turn digital, as we live in a digital society. How long do you think it will take for paper money to be phased out for good? Will CBDCs be able to replace not only paper money but also credit/debit cards? Your input will be greatly appreciated. Thank you.  In my opinion, paper money will become extinct in 10-20 years. CBDC and Bitcoin will replace everything, including credit cards. Because technology is getting more and more sophisticated every day, everything is digital and the world of the metaverse, we have to be prepared for all of that. Maybe that is one very good step. CBDC and bitcoin will replace paper money forever |
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Once upon a time I used to be into everything that has everything to do with Artificial Intelligence and I was happy that some blockchain projects are into A.I but they never seem to get better adoption, A.I is something g the world wants but it just seem too early, now I've give up on crypto / blockchain A.I projects but now
What about Metaverse? Will this use case faces the same fate? I am worried that we are too haste into the future like we won't be needing this until some several years later, is this something to be worried about?
I don't think there's anything to worry about because technology is getting more and more sophisticated every day. We have to be able to accept the times and we have to be prepared for that. We have to start learning about developments, otherwise we will be left far behind while day by day technology is getting more sophisticated. |
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I don't know why some people in this platform are looking for what to eat at the moment, not know that they can invest in a potential projects that will put food on their table, and they will not lack what to eat and what to spend in future. I saw some message in the Bitcointalk.org where some users are trying to sell their account just to get what to eat not knowing that they can use that account to work to get a huge capital that will bring them out from poverty, and make food surplus in their home. I knew some senior members in this forum that started using member rank to work before they get to legendary to spread many investments around the country, because they didn't look for what to eat at the moment than to work hard to used their opportunities to invested in BTC before they became who they are today.
Will you invest now or you will be like that person that is looking for what to eat? It will be favourable if you can change that attitude of selling what will make you great in future just because of what will survive you at the moment. No way you will invest in BTC today and you will not have something good to eat because, investment is like a seed planted in a due season to expect something good in the future. Is it a good thing to invest or is good to continue looking for what to eat?
What do you think.
In my personal opinion, invest when we are ready to invest, don't invest when we are not ready to fulfill our primary needs first, then we start investing because investment should not be arbitrary, investment must use idle money because investment assets will grow in the future. I think it is very difficult to start investing but have not met our needs in life |
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Here is what happens to my friends and me and I am sure this is a reflection on different financial values and life attitude in general. Well, I don't drink any alchohol while a few friends of mine love drinking very much. They would gather to have dinner/drink almost every day(at least four times a week). I am often invited but due to my no-drinking habit, I usually turn the invitation down. We are all family men but they are a few years older than me. Their children are much older than my kid so probably they don't need their fathers' attention and time. I always put my family first so this is also one of the reasons I don't join them that frequently. Financially, every gathering meal/drinking is not cheap because it involves a lot of drinks and dishes. The average cost of such dinner/drinking is equivalent to 1/5 the average monthly income in the city where we live. So every month, the cost for these "gatherings" consumes all the income that a man can earn for months. This is considered a huge waste of money in many people's eyes cause most people don't earn much. Although I don't drink, occasionally I will treat them and pay the bills for the guesture of friendliness. Do you think my friends' lifestyle is a waste of money and time ? How much do you spend on such gatherings on average ? Please let me know.
those people are still trapped in the matrix of activities such as negative activities and only waste money and time and damage our health once in a while its okay but if 4 times a week it has become a bad habit activities like spending a lot of money it can be 250 $ More than doing negative things, it's better to use the money for activities that are more positive and more useful for our family and friends |
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There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.
according to my experience, before plunging into a newly launched project, we must do analysis and research first so we don't get scammed, don't listen to other people's words, don't be fomo, do your own research on the project you want to run because no one can predict that the project will successful or scam so stay careful |
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I agree that there are those types of investors who classify themselves as angel investors, venture capitalist, 1 etc. But before they become all of these types of investors, from my own perspective, I have put them into some classes. It is not an exhaustive or an elaborative list but at least, you get the idea of where I am driving at. Class of Investors to the best of my understanding New Investor These are friends and family members who are willing to contribute a small quantity of money to your company. The Ponzi scheme Investor One who invests in ponzi scams continuously is this. This is the person who thinks about get-rich-quick schemes. The researcher investorThe researcher investor wants to conduct thorough investigation before deciding whether to invest.They might even decide against investing altogether since, if you wait to make a decision until you know everything, you might never invest. The Wealthy TraderThis one has had a number of profitable investments over the years. They are knowledgeable, experienced, show expertise. What class of an investor are you?
1. https://www.investsmall.co/the-different-types-of-investors-what-kind-are-you/amp/So far, as long as I am involved in the world of investing, I might categorize myself into the third point (research investor). Why do I categorize myself into the third point, because the first and second points have been passed. I am now at the point of always being careful in making decisions and always researching before making decisions after everything I've been through in the investment world. |
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Do you think social media is now becoming more a place for business than socializing, Could it be as a result of digitalization and things moving online or more people now starting business online because of need to somehow generate income or another source of income for self to survive the economic situations which is becoming tougher?
Yes, social media is now used more for doing business than for socializing because now people are doing something they need to have money and making money through social media can be said to be quite easy, so people are skilled at social media to start a business, and some people even make social media just for doing business. not socializing, the main goal of making social media is just for doing business, it's normal for people to make social media a business field because it's relatively easy to get money |
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what is mateix?ok i know what it is, mostly i have seen the videos of how people make a video, with secrecy music tune and they will make such anxious looking moves in the video like they are saving themselves from someone and they will say, we are the ones who manages all the un-necassary things to control your life such as
1. House Schemes
2. Sports cars
3. Fashion Industry
4. Plasma TVs
ok, if they made these things which they didn't because every mentioned item has its own history. let's just say, they were created as mentioned in their respected histories and then controled by investors.
because every new technology needs investors.
so to understand how banks can manage those things?
first we need to understand how investors can control them? i think maybe because they have share in the company and the one with more share, and more money is the one with more governance and control so they can convince companies and project makers to deploy such schemes such as TVs, Sports cars races, fashion contest and housing schemes.
Ok now investors need a system to flow there money via *banks* Which means banks is the main component of all centralization, capitilism and flow of money.
Then why people like Andrew Tate are kept saying to leave the matrix and come to reality. are we really in some kind of matrix. what is the important of this matrix. like we should consider the pros and cons of each over if matrix do exists
The main question is if there is. a. matrix then why it is present? what's the real need of it. how it benefits those big investors that controls banks. Ok lets say it keep the people busy just like the "roman games" (from insta video) why people are to kept busy and why not.
i find no error in doing work because that's how we will revolutionize in technology. and can acheive more success and easiness in our world.
wait wait. Easiness like IOT has provided us as an tech ology. and collecting our data so that they can make such decisions to sell more things to us. But why? maybe to earn money. but if they have already money to invest in first hand then why not saving it for future why doing such immoral works?
so are u saying these works are immoral?
overall my question is why banks are being accused as matrix and the investors are the ones behind all this?
banks are not the matrix. the whole system is, I believe. Banks are considered a part of the system because you can easily control people by the use of money (greed/ fear), and no institution can control and circulate money other than central banks. Investors are behind all this for a simple reasons, that their large funds, means billions of dollars kept on banks. Once they put in or out, it would cause a large gap or fluctuations in price. One more thing. The money that doesn't exist but you can use. The all known generational debt. It is all controllable by the banks. no bank is matrix for example if you want to move 1 million $ to another country there you will see the level of bullshit from banks a lot of rich people complain about that I prefer to save my money in bitcoin because we ourselves control our money not your key not your coin and the bank is not open anytime but bitcoin is open 24 hours I think the bank is just a place to exchange our money that's all just my personal assumption |
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there are many people investing in bitcoin, some are profitable and some are losing. and I believe bitcoin has a big advantage. The question is whether when you benefit from bitcoin, you can help your economy and your family?
yes, when I benefited from bitcoin, I helped my family and friends a lot, bitcoin really helped my family's economy and I was helped a lot from bitcoin, thanks bitcoin, but before I experienced something called profit, I also experienced losses |
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Some days looks like a curse day, I wanted to keep it to myself but I felt it more reasonable to share. I involved in some business investment which initially the promise was really good after week of deal, I just back from work, I saw a call from my colleague we did the business together and I call back to hear him crying on phone. That the business we involved into is fake and the office is close, the MD has disappeared, for two minutes I was shivering with sweat because that's the highest amount I have involved business so far. Am regretting to have used in bitcoin by now I would have be on advantage with bullish price.
I have not gotten myself this days. Do you feel down when such sudden hits happens to you?
very upset and emotional when we lose money, especially when we are tricked into investing on a large scale, but in every situation, there must be a silver lining for us, a situation like that that makes us learn so that it doesn't happen again in the future, when we get emotional and lose our way one of the best things you do is still to get up, I'm sure you will lose everything, we will surely rise again, use that emotion as motivation so that we are more diligent and active in doing something |
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As humans, we tend to have a need for immediate satisfaction. These needs keep increasing on dialy basis, if one decide to go by all these needs, one may end up without a saving. Most time we are faced with a decision like whether to spend our money on our daily needs or to save them. Here, we may likely to be biased toward our present selves, so we're likely to make the choice that will benefit us most at that moment which mostly will be buying our daily needs. However, we can overcome present bias by taking away the ability to choose between saving and spending altogether. This is where automating your savings comes in.
What do I mean by automatic saving? Automatic savings is a type of personal savings system in which the plan contributor automatically deposits a fixed amount of funds at specified intervals into their account. The typical structure of this type is an automatic transfer from an individual's bank account into a savings or investment account.
When you automate, you eliminate a decision – to save or not to save. Once you decide to set up auto-save and go through the initial process, that’s all. You keep saving at interval without a need to make a decision on either to save or not. With this one savings keep accumulating with time till one have a reasonable amount.
With automatic savings, ones monthly salary becomes: Salary- Automatic savings amount. With this, one will only calculate is daily needs on the remaining amount rather than calculating on all it's salary.
CONCLUSION
Saving money isn't something easy, it comes with determination and self-discipline but with automatic saving one can easily set his/her saving amount at interval.
Yes, I totally agree that saving is not easy. We need to be disciplined and consistent in saving. Many people fail to save because they are inconsistent and disciplined. Maybe automatic savings is the right solution for people who are not disciplined in saving because automatic savings help us so we can save. which is consistent because with that we can be smarter in spending money to buy something not playing as long as we buy it and we can control ourselves. |
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At first I thought is power than anything, later on I said it's should be economic resources, then I realizes is money. I will give a brief poem here! The breeze blew and stake moistures and when it blew hales, it was just the breeze moving while the moistures is running away with fears.
The mist of human fears is control by what is next to their breath. Money has power than anything, money makes one feels secure, alive and superior. When money leaves we felt life is gone, we feel dead, we feel empty, we feel hopeless.
Currently my country government has turn humans to museum, moving without no direction, helpless and monuments because for over 3 months now the government has seized to release money in circulation, banks refused to fix money in ATM's, no canter payment.
Everyone is helpless, no money no good food, no transportation, no job, no love, no smiles, no good health.
Money drives away every feelings that makes life better. Money is truly powerful
it's true money is very powerful because everything in the world has a cost that's why people work hard to earn money money makes it easy for us to do something now I agree money can't buy happiness but money is the 3rd most important thing the first is health the two families but with money we are easier to reach and get something This is just my personal opinion. what do you think? |
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