Well, the inflation in my country now is not extremely high but has already damaged the economy. The cost of living is increasing and does not seem to stop. Last week one of my friends lost his job after working in the same company for a decade. His life abruptly changed, putting him in a place where he could not support his family. If you were him, how would you survive this tough time ? As a friend, I am trying to help him as much as I can and meanwhile, I am planning to save more money to prepare for the unexpected challenges in my life. What about you ?
Every person needs to save as economic security for their future. If you don't have money you can't help anyone. Moreover, money is not always available to everyone. So everyone needs to have a savings to have financial support in times of need. I try to save money monthly. Although saving is not an easy thing because everyone needs a lot of money to meet their needs but still those who can ignore the cost and save, can be somewhat safe and they will be able to recover some unexpected challenges. |
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Remember that sometimes good advice can come across as bad. I think it is best to avoid it If you can't do that then inform about the risk first. If someone close with you and invests in your reference and loses there then the liability will be entirely on you. As a result, you can be guilty to them without doing any fault. Your relationship may get ruined. So I never want to encourage others to invest. If a person comes for consulting on his own responsibility then I can advise him for investment.
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Volatility is common in a trading platform which we consider as the religion of trading. It is always moving. But neither long bullish nor bearish is fixed. It is not unusual to switch from bullish to bearish and bearish to bullish at any time. This may vary due to various factors such as
international economics, trade, politics etc. But generally we understand that if a market is bearish for a long time then it will turn bullish. A similar picture is seen with Bitcoin. After being bullish in 2021, 2022 was bearish and the market is slowly recovering from this time.
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When the government can receive tax from using bitcoin, the government will be benefited. Moreover, in this moment there will be no benefit to the government as most of the governments have not legalized Bitcoin yet. Governments will start getting the benefits when various organizations start using Bitcoin after the validation. If governments take a positive view on Bitcoin, they can benefit from using Bitcoin very soon. We all know the country of El Salvador. Government of that country taking various new steps regarding Bitcoin holding and its use case. After a certain period of time, that country will go to earn a large revenue through the use of Bitcoin.
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For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.
Hi, poverty is a complex issue that requires a multi-faceted approach to address. While Bitcoin may have some benefits in helping individuals control their investments and increase their savings, it is not a panacea for poverty eradication. It's important to continue to work towards creating sustainable and inclusive growth through various initiatives and policies to address poverty at the national level. To remove the poverty of a country, the people and the government of that country should take various poverty alleviation measures together. Alleviating national poverty is a difficult task. But Bitcoin can play an important role in this perspective. This is why it is necessary to raise social awareness of Bitcoin first. If it seems acceptable considering its positive and negative aspects, then it may be important to take action by investing in this platform. If the investor has suitable investment environment then he can invest otherwise I don't want to encourage him. Because of the volatility of this platform, one may has to hold one's investment for a long time. |
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Didn't expect that the last 3 days the price had difficulty rising and today it dropped again by more than 3%, I hope the price drop is a momentary phenomenon and the market is rising again, those of us who are familiar with bitcoin certainly understand that sometimes prices drop so we have to be able to buy more
I think there is still a lack of confidence in the market that is why the price of BTC is falling. When BTC first rose to $25K at the beginning of the year, it did not last long because the market lacked confidence. As a result the price went down to $20K again but it recovered in a short period of time and later Bitcoin turned bullish again and went up to $30K. In the same way, the price of Bitcoin started to decline again. So we will be able to see the bullish movement at any time. By reviewing the various aspects it can be assumed that BTC will be stronger when it goes up again. |
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-snip-
I'm wondering how long we'll need to do the savings? Who has already reached any significant level, are you still saving, or you can afford to live without any financial restrictions?
-snip-
Saving is very important whether you are poor or rich, we don't know how our life will be in the future, whether our business will go bankrupt or we will no longer have a job - having savings will create a guarantee that when bad things happen it won't make you you fell too deep, at least you still have savings that you can use to open a business or find a job or meet your needs. I personally have always been saving on fiat, gold, and bitcoin. Every month I always increase this savings and will use it when the situation is very urgent. There are very few people who have become rich through savings alone. Though a person can get a large sum of money in a specific period of time. But those who focus on both saving and investing can usually become rich in a very short period of time. When a man becomes conscious, he develops a power of prediction which helps him to become rich in the future. I always emphasize on saving. A man must save both before and after becoming rich. |
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The most essential power of any individuals, organization, industries, churches, government, and nations is truly rely on the wings and Caprices of economic power.
I agree with your initial statement, so I paid attention to it. To support your argument even further, I will point out that without economic power, which is the foundation upon which political power is formed, it will be challenging for individuals, groups, businesses, governments, and entire countries to achieve any worthwhile aims and objectives. Consider for a moment that during the COVID-19 era, the nations who suffered the most in terms of being able to offer relief supplies and palliatives for their inhabitants were those that lacked the economic might of their governments. You can understand thus why I concur with the OP's first premise. A country who will be economically strength, he also be strength from all aspects .Those countries that are financially prosperous have leadership in technology, industry, business and world politics. The point you mentioned is that all the countries that were economically strong during covid19 got the vaccine on time. Countries that are relatively financially weak have received it later. In each case the economy has an effect. However, to develop a country economically, it has to develop in many areas, the most important of which is business. Those who are able to expand their business quickly will achieve economic prosperity quickly. It can be same at domestic or international level. |
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Generally the economy of a country is strongly depending on various factors. We know that today America is a self-sufficient country. America has a large share of natural resources. Their GDP is also good. Also they are ahead of the technology. Their names are first in various major researches. In terms of technology, it has the number one position in the world. Moreover, their communication system is also good as a result of which investors from different countries are encouraged to invest in their country. America has been in the leading position economically for a long time. But the financial situation is subject to change at any time. Depending on the above factors if a country can move forward then that country can become economically strong.
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Even in today's modern world, except for a few people in Europe-America, the general public of the entire world does not have a proper understanding of Bitcoin.  Except European-American, anyone who have a little idea about Bitcoin also have misconceptions. Due to this problem, many people are unable to invest in a great platform like Bitcoin even if they want to. This problem may not seem like a big deal to many, but think about third world countries. A sad reality is, in my country 80-90% of the population are not familiar with Bitcoin. Is there any way to solve this problem? In Europe and America, there is a lot of investment in Bitcoin or educational work on Bitcoin. However, it is true that there is no real idea of what percentage actually have proper knowledge about Bitcoin. Besides, there is a lot of investment going on outside of the mentioned countries and they are getting a good idea about Bitcoin. Basically, since the internet is worldwide, it is now possible to get good knowledge about Bitcoin from almost every part of the world. Any country can now go ahead and explore Bitcoin. The Internet is being used as a center for people's education worldwide. |
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Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.
My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
A beginner can be useful for trading if he has mastered some basic trading techniques. Because crypto trading is more convenient than other trading platforms. However, if the trader starts trading by acquiring knowledge well before trading, then it is more effective for him. Although trading on crypto platforms is easy, the volatility here is so high that an investor can face huge losses by making the wrong investment. If one plans to trade without acquiring basic knowledge then one should not do it particularly for new traders. If one can start trading with a small amount of money with support from a good trader then it can definitely be a good decision for the beginners. |
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Today will be the start of a bull run because the price has already reached $ 30k and up 7% in 24 hours, this proves that the predictions of many experts that the market will rise have proven true, I believe that after the price of $ 30k is reached this week the price can reach at least $ 35k .
Meanwhile, a positive trend is seen with Bitcoin where the Bitcoin community has become more active. They have already set the belief that Bitcoin is going to be bullish again. People's confidence in Bitcoin has increased a lot in the present time. After a long period of bearish, the price of Bitcoin is gradually turning bullish. It is expected to go up to 40k in next few days. Investors' confidence in Bitcoin has increased exponentially due to reports of Bitcoin halving next year. So even a small price increase of bitcoin it portray the bullish signal for Bitcoin. |
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I'm actually not that worried about the price of bitcoin nowadays since I don't day trade. Plus, the bearishness is only at a short time frame. Even at this moment the movement direction of bitcoin is looking good. I even believe that we are slowly going in an uptrend. Still though, I keep extra funds just in case something unpredictable happens in the economy again that affects bitcoin. I'd have to DCA again. What interests me right now though is how bitcoin will move till the 3rd and 4th quarter of this year. Depending on the direction I might have to go from long term to short term or day trading and only leave a part of my holdings on hodling state.
After the price rise over $30k there was an assumption that the market would turn lower again and we saw a continuation below $29k. But there was no reason to worry. From 29K it is again in bullish trend as before. BTC is currently trading at $30,224. If we take a look at a price chart over the past seven days, BTC is down 0.01 percent and the 14-day price chart is now up 7.3 percent. Various predictors are bullish on Bitcoin and believe that it will be able to overcome the $31k price in the next few days. Currently, there is strong support zone at $28k, so even if the market corrects, there is no possibility of going down much. |
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Even as a student, it is a good idea to have savings in case of any emergencies that may arise while pursuing their school or for other future goals. However, this should only be done once they are seeing enough money.But what I'm trying to convey is that students should be aware of how to manage things rather than spending it anyhow like unnecessary items. I'm not advocating that students should save their money for school supplies (like textbooks or some items ).However, if a student's resources are inadequate, finding a way to save money is not necessary because doing so could compromise their ability to receive the education they deserve.A wise investment in the future is education.
Saving is always considered a good way. When people are in financial danger, no one will come to you but at that moment savings will help you much. If one can save from the student life then one can become the owner of a large wealth at one stage. And if someone wants, he can increase his money by investing in a good platform. I think everyone should do it if they have the scope. Those who make such plans from student life will also get a chance to lead a good life. I never consider saving is wasting or something like that. But it is not possible to save for all. |
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War is one thing that no society should engage themselves into as its effect is devastating and unforgettable upon generations. When two or more countries are warring it is said that there are other countries that benefits in one way or the other from the war as it prolongs and intensifies, especially economical benefits is one of such.
The ongoing war between Russia and Ukraine which has been on for almost a year now and the effects of the war between these two is not only on the two warring countries alone but has gone so far as affecting the economies of many countries of the world that have no involvement or interference in the said war. countries of Europe are experiencing a fall short in gas supply, while those of Africa and other continent suffer from economic downfall as a result of certain products and services that are no longer in-coming due to the war effect.
With this Russia Ukraine war which the effect is felt in almost all parts of the world directly and indirectly, I want to ask are there beneficiaries to this war and in what ways are they benefiting from it.
War never brings anything good which only brings destruction. The crisis created by the war between Ukraine and Russia has made life difficult for people. There is nothing to gain by this war. Rather, people are constantly losing their lives, houses and agricultural lands are being destroyed. It has no positive site. But some are speculating that two major countries are taking advantage of this ongoing war namely China and India. Who are buying fuel from Russia in cheap price. But the people of most countries are suffering greatly. From my point of view both countries have to be flexible or this war will not end. |
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The Bitcoin market has changed a lot these days compared to the past few days. We have noticed that the market is always in an equilibrium that will turn into a bull market at any time. But I think the market was in a bear market for a few days before investing at this time. But it has rebounded again so now the market is in a parity position. So I believe that the Bitcoin market has the best chance of reaching $32k in the week ahead. So if you invest from the current market, you can definitely expect future profits and this is the right time to invest.
A common feature of Bitcoin is that it crosses its previous high price after a certain period of time. At present, the confidence in Bitcoin is increasing, so Bitcoin will soon start moving higher again. Investing during this time is very likely to get good return on investment. But my small advice to those who are interested in buying Bitcoin is to learn about Bitcoin and its environment and also it's potentiality. Even after buying bitcoin if you suffer a temporary loss it will not have any effect if you are able to hold it for a long time. Bitcoin has risks but those who plan long term Bitcoin can bring you blessings. |
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Bitcoin is different from other Altcoins because it has some features that is not belongs to others. One of these features is that Bitcoin is a decentralized cryptocurrency. It can be transmitted independently all over the world without any restriction. Bitcoin is currently popular as a payment method for various organizations and gradually its area is increased. After the discovery of Bitcoin, other altcoins have been created. Moreover, altcoins are often prone to scams, which is not happen in the case of Bitcoin. Even after a long period of time, Bitcoin is able to reach its highest level, but it is not possible for altcoins. So many altcoins have been created and die. But all aspects bitcoin is the best. |
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I think there is no need to bring people who don't want to invest in Bitcoin or they are not interested. If you try to inspire them on your own responsibility, many times they may react negatively to you. Also, since Bitcoin is a highly volatile currency, a large dumping of the price can have a big impact on you. Just remember as you won't get any profits there you should not do anything that affects you later. But yes, as a conscious person you have a responsibility to give people some good message. You can explain it to them from that point of view. But if they take your point positively then you can enlighten them.
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If bitcoin crash today, what will be your fate? Poor or rich. Most people on the platform have submitted all their life savings to bitcoin investment. There was once a man in my area who sold his house to invest in a local platform called BARAZAR in 4 months missive the so-called BARAZAR was shoot down and now he does not have a cottage. So I ask again if bitcoin crashed today what will be your description rich or poor?
I buy Bitcoin as a long term investment and I am not willing to give my money to anyone else. I will hold bitcoins in my own wallet. If the bitcoin crash happened today, my fortune would be blown. Because I had the opportunity to buy some bitcoins. I want Bitcoin to crash but the reality is different. That is never possible. btc was already above $30k there is no shortage of buyers to buy at 28 or 29k so how can i expect bitcoin crash. At the moment I am a Bitcoin holder and when the price of BTC drops again as a buyer I will try to buy btc as much as possible. So don't expect anything that doesn't correspond to reality. Even if the price of BTC goes down, my attraction to BTC will never decrease. |
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I don't know anything about buying pizza with 30 bitcoins but we all heard the story of buying pizza with 10000 bitcoins. If you are a strong holder of Bitcoin then holding Bitcoin is important for you. But if your financial situation is not so good you have to convert bitcoins to fiat then there is no benefit. I am interested in paying BTC payment. I collect bitcoin separately for holding. In that case I have no concern about this payment method. When Bitcoin will be bullish, someone can feel bad emotionally. But it is impossible to reconcile emotion with reality.
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