I am slowly learning how to manage my money properly but I can say that before I discovered the right way to save money then I am really not good. For now, I still have some unpaid debts and it's not good because I earn only enough and my debt is already having its anniversary still unpaid. I will do my best to earn additional income to slowly pay my debts and then start to really manage my money properly because even if I earn big but I don't control myself then I can still not save. The way is to strictly follow my budget and spend only what I can afford to spend because what happen before is that I already spent unearned money that's why I am having that much debt.
Debt is really the enemy of money management. They collect large interest in a short period of time and if left alone will destroy you financially. It is right that you prioritize your debts, before indulging in any more spending of your money. |
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no . we could lose money from bitcoin price reduction. better to be invested in the trading world or the real world. we could open a business that generates revenue every month.
What if the price increases are you still going to say that it is a no? For me I get inspired for the people who bought a lot of bitcoins and did hold that for a long time because they know that bitcoin is going to be a well-known crypto currency. And that is already proven so I guess holding bitcoin for a long time is a good way to earn. Like what they say with every investments I see online, past performance does not guarantee future performance. So bitcoin doing great in the past does not mean it will also do great in the future. Though bitcoin may have a high price in 5 years, it is not 100% sure. |
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Bank and bitcoin have advantages and disadvantages of its own. to save money cash me, I prefer to Bank because guaranteed very safe to invest I prefer bitcoin because bitcoin very promising to be used to invest
you know what the best thing of this all is? there is absolutely no need to choose between these two options since you can use both at the same time without any problems.  Both has its won benefits for each. I use the bank for saving my fiats exchanged from bitcoins. I use bitcoin wallets for bitcoins earnings and savings. Both are well secured in systems. Though both differ in few scenarios, they focus on user's money safety. Bank charges fees but bitcoins wallets do not. If you are just using banks for money storage, then there is no difference. There is no fees for banks just to keep safe your money. As far as I know, you only get fees if you transfer money to other banks, which is also the same with bitcoin. You can use both without any problems. |
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Just stopped for a while because of the higher price. Maybe I will wait more time to sell then buy back if ever it will go down. If not then just earn it again.
I don't think that price is too high at a moment and if you can manage to hold them for next couple of years then I think this is good price to buy as price will rise in future which will bring good profits for us. I think he is trying to earn by taking advantage of the volatility of the price which is a good thing. Not everybody wants to hold for a long time. I also do that which I think is more profitable than just holding your bitcoin. Your bitcoin is not idle and can gain more bitcoin if done right. |
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Jobless as well, fortunately some bitcoins are on the way True , by now i am really planning to help other persons especially for those who are illiterate persons like my brother but knows how to used computer so basically captcha solving would really help them. I wont recommend captcha solving to you and your brother because its just like a waste of time,it would be much better if you introduce him about bitcoin and make him join this forum,then he will find much better earning oportunities. Its better to start earning from signature campaign instead of wasting time in captcha and faucet sites where the payouts are too low, you can expect descent earning from signature campaign. Right. and all you need is a decent knowledge about bitcoin and a decent english sentences and you are good to go. You just have to bear the pay while you are still low rank. But if you get into a higher rank, you can get good pay. |
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That is not going to happen in our life times!! There are to many older people who do not trust much, let alone something they can not see such as Bitcoin. There are also to many money hungry people out there who are not willing to let the money from bank fees go away.
well most probably you are right about it, but i think with bitcoin everything is possible to be honest A lot is possible with the bitcoin but I think that letting banks disappear is not possible, they are just so powerful and due to that its almost impossible to accomplish this ever. As you said, almost impossible but there is still a small chance it can happen. Maybe given time, it can happen. But I think it is better if they both exist so that we can have a choice in what we want to use. I honestly do not see this small chance and I also do not think this wil happen, the fact is that the bitcoin is strong but banks are still twice so strong if you are asking me. For now fiat and banks are stronger. But what will happen if their reserves dry out because of too much printing of fiat? Fiat and banks will lose its power and transfer that power to bitcoin. Though this may take a very long time before it happens. |
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If I were to choose, I would put more investment on gold than on bitcoin. And if I start to see a really great potential for bitcoin to move further, I would slowly move my investment from gold to bitcoin. I will be very flexible with my choices, depending on which gives the higher yield. But will definitely keep both for long term investment because their value grows over time.
Why not put your money on bitcoin and when you get profit from it, put your profit on a more stable investment like gold. I think that is a good plan. Having both is a good strategy too. |
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Makes me wonder what if bitcoin had been around during the reign of Pablo Escobar. I have been watching a lot of Narcos lately and it just crossed my mind. Those buried money would not have rotten if they were converted.  That's right, but money is still being buried in some cases, so in that aspect not much has changed. At this point they would either had to purchase a huge load of coins through cash money, or they put it into stolen art for example. I personally would at all times go for Bitcoin since you only need an USD stick to store hundreds of millions worth of coins. Well in that aspect bitcoin has the advantage, however if you will try to analyze majority of the transactions in this world are done manually or offline transaction, so bitcoin is only good for activities that involves online transaction. Criminals use offline transaction or in cash to avoid traces of transactions. Now that bitcoin is here, they can use bitcoin because it is anonymous and untraceable. So criminals now have an option to use bitcoin instead of cash. |
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That is not going to happen in our life times!! There are to many older people who do not trust much, let alone something they can not see such as Bitcoin. There are also to many money hungry people out there who are not willing to let the money from bank fees go away.
well most probably you are right about it, but i think with bitcoin everything is possible to be honest A lot is possible with the bitcoin but I think that letting banks disappear is not possible, they are just so powerful and due to that its almost impossible to accomplish this ever. As you said, almost impossible but there is still a small chance it can happen. Maybe given time, it can happen. But I think it is better if they both exist so that we can have a choice in what we want to use. |
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To my opinion Forex is very risky platform to trade. Techincal analysis, lots of knowledge and experience is neccesary but still this is not guarantee for success. And don't forget the luck too, like in gambling. I'm not one of them but lot of people I know have lost a lot of money despite all above mentioned. So, good luck.
Yeah, Forex trading can be really hard and can make you lose a lot of money. But I am hearing many good things coming from forex trading. Maybe if you study hard enough, practice hard enough and develop your own system that work in forex, then you can be successful too and make lots of money from it. |
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if too many people is using bitcoin then government will make rules to tax bitcoin transaction and maybe the government will banned bitcoin, but actually now we already pay bitcoin taxes, everytime i exchange my bitcoin in local exchanger they will charge few percent of my bitcoin
I think if the government still forced to give taxes to the bitcoin will not run both because someone could manipulate their bitcoin address because bitcoin is anonymous so that the government will not know if you have a lot of money in another purse? bitcoin tax will not be perfect There is no way the government can track down every bitcoin address and tax them. Their only option is to rely on your honesty that you will declare your bitcoin income correctly. And that is a loophole you can always abuse. That is why government will not support bitcoin, because they cannot control it. |
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Price of bitcoin isn't stable, it just look like that when you are looking from far away. From that point you can say, hey price is around 600 $ for some time, what is happening?
After halving and nice going up we saw how one more bitcoin exchange found down. We should be lucky that price didn't drop under 500 $. But even after that drop, bitcoin is going up, and I think after we settled here on 600 $, we can go more up.
price is called stable when there is little fluctuation for a considerable period of time and right now we are in such period that price is only moving around $600 with $10-$15 up and down. and if you look at the bigger picture you can also see the horizontal line too but the over all price is rising compared to each month before it. Isn't that supposed to be a good thing? I always read in this forum that if bitcoin price becomes stable, more people will consider using bitcoin. And that will drive the price higher. A steady increase is even more favorable. |
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These threads get pretty silly sometimes.
"Is it better to save money or invest it?"
Both. Invest what you would be confortable with losing. Save the rest.
Then how about investing somewhere where you dont lose it but instead you will earn some profits that you can save then?? Like in trading altcoins where you invest your capital after doing some researches of markets and the coins in them and you will generate profits for yourself gradually with it. Any investments have their own risk. There is no 100% sure profit. Even in altcoin trading, there is a chance that what you researched is wrong and you lose your money. You should always be prepared from some lose if you are investing. You can get great profit but sometimes there are some bad investments. You have to be prepared for that. |
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you can save your money in some percent 10% less or high amount store in bitcoin and hardly save and never use it and consider it as investment when bitcoin price go to higher so your money will also increase in bitcoin and then you can get a good profit from bitcoin easily .
saving at least 10% of your whole month is seems low but it is not bad. in one year you can save quite enough funds. and then you can use them to invest and either you can use them for your own need. I prefer investment with my saving. it can increase my funds you know. I think that is just justifiable and actually there is not fixed advisable percentage and it could always depend on your needs, when you have a big demand of money like you have a big family that rely on you, maybe that 10% is too big for you to save in a monthly basis. 10% of the salary is just enough. Not too big, not too small. It just need discipline to continue saving that amount. It can be a challenge if you have a family to support but it will be worth it if you can do it constantly. |
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Yes bitcoin could potentially help poor countries it depends in what way though it can not make them unpoor.
But it could maybe help the people there for more jobs cause bitcoin created some jobs if you think about it that way so maybe like that they could earn money.
Right. It may not help the whole country, but it can help the people in it to survive by having a part time income from bitcoin. Even the earnings from signature campaign can be great help if converted to local fiat. |
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Because as title say it is unpredictable even though we keep monitoring it but still we can't really tell that this coin will pump and when it be gonna happen, and also i think the unpredictability of it makes many people lose some money from their trades since they are laming and guessing to earn in certain scenario, but experience really can help since it can be your reference so you wouldn't do that wrong prediction agai.
but to me still there so many people who have good experience in trading and can predict about a particular items in no time. but the number of such people is very low. Too many dumper and I hate them, so the people can predict and get a real in their prediction should just rely on their luck. just a little percentage the manual prediction and will happen in real with certainty. That's part of game so you should accept that if you want to be part of trading, most of the people love the dumpers because they can buy cheap coins and will just wait for the right time until the price will start to pump, easy money for them as they know the right timing. You will get profit if you got out before the dump. But if you did not got out, then most of it are losses. So you have to hold for quite more and wait for the price to pump back up. So timing is everything in trading. Also, do not be greedy and stick to your system. |
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5BTC will convert in the real currency of my country.
2.5 BTC will invest on trusted site, person , or company.
2.5 BTC will keep it for trading.
You have a very big budget for trading, maybe you are good in trading. I believe if you will be able to manage that 2.5 BTC in trading you can easily grow that amount and you might be rich in trading or more profitable than you other investment. Nope, i''m not good in trading , but like everyone said you can always learn new things and master it eventually with patience. But you're right, if i manage well that 2.5 BTC if ever i do have, ill be more richer than expected. YOu can learn it. There are a lot of resources in the internet that can teach you on how to trade. It may not be profitable right away because new traders can make a lot of mistakes. But if you can master it, it will be profitable for you. |
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Im curious because im earning 0.005 per day , Im curious if it is a bit low. If it is a bitlow i will find another way to earn bitcoin again
WOw! Your daily earning quite good already .Are to share which are the source of your income? FOr me it's not stable my daily earning some like always variable .It's mostly around 0.002 .So,now i eager to build up this account activity for upgrade membership to join signature campaign to increase my daily earning. Do not rely only on signature campaign for your earning. You must get some skills too so you can have more income in bitcoin. You can try learning trading. It is a profitable job. |
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Bitcoins are alife now for a long time i dont undrstand how long they are already in here but what i see is that the bitcoin only rises in the last vview years i think finally people getting interested.
Partly you are right, there are more people joining everyday and its rising also with its price so that is good. I hope that the bitcoin will live for a very long time but we can also not predict so we just have to be patient. As long as the development continues and more people are using bitcoin, it will continue to exist and progress. The price may go up and down, but it will continue to survive because it maybe the future of currency. |
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For me the best thing that you are going to do to save is you must control your expenditures. Learn to know what your needs and wants. And if you already identified both of it, don't spend your money to your wants instead budget and allocate your money to your needs. And if there is an excess to it, deposit it to the bank.
It is a good idea to identify your expenses and remove the wants from it and focus on needs alone. But I suggest you do the saving part first, not on the last.Because if you only save when there is an excess, then most probably, you will not be able to save at all. But if it first priority then you secure your saving. YOu just have to adjust your budget accordingly. |
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