If i were in desperate need for money then I'd borrow. I mean if there is no other way and i really NEED it so if it's crucial then ill borrow.
But ofcourse I don't allow this to happen or I try to prevent it as much as is in my power.
i think i would also only borrow the money because it would be the best and easiest way to come back to good life Exactly, if we borrow money we should also consider paying it because it is not only once that we will be in desperate need of money, it might happen again so if we protect our reputation by paying loans on time, surely the lender can give us another loan. Do not get used in getting loans or getting desperately in need of money. We should do our best to have enough income so we can save and invest. This two are the only things that can help us to not get in any financial trouble. |
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One of the best way to save money especially if you don't have a bank account, is by having a piggy bank. You may find it hard and not effective because you will be opening and spending it in a day or two, but I have a technique you can use selective saving. Basically, you choose a denomination or a bill like $1, $5, $10, $20, $50, $100 or what so ever, and every time you are given money, you spend or get your salary and see your chosen bill, you take it aside and save it. So if you choose $10. you take it aside and save it every time you have one. Maybe after a month you can see it for yourself, a piggy bank full of $10.
This is a good advice on how to save. Personally, I am not successful using piggy bank. Every time I have a significant amount saved in the piggy bank, I am tempted to break it and spend the money. So it is better for me to open a bank account and cut the ATM. This way, I do not have any easy access on my money and I can't spend it even if I am tempted to do it. |
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No way not me. I am surprised you. Maybe you have no steady bills but if you got steady bills but if you have then you would have said not because 1 bad month of the price and you will be in debt.
It's hard to live with this kind of security.
In that case it would be reasonable to get a half of it in bitcoin and the other half in fiat because the half you got in fiat can be used for bills and other things while the half given in bitcoin can be used for trading or holding, if you are holding them and you see a price drop you should immediately send your coins to make yourself safe from a loss.If you see the price drops, it only means one thing, its buying bitcoin time. We see it over and over again. Bitcoin price drops, and will rise back up again. Do not panic sell. But I like the idea of splitting your salary to fiat and bitcoin. You can never lose if you do it that way. |
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I already compute my salary and my income on bitcoin world and it has a big difference between my monthly salary and bitcoin in my salary i get 30,000 Thousand a Month or 625 Dollars a month and thats big amount for me so support my family and my self also and in bitcoin my earnings there are not enough bitcoin is just addition to my monthly salary.
That is a good salary and if you are earning that amount then its better to continue with it and keeping bitcoin as an extra income will increase the level of your monthly income. Thats true i have a good salary in my job and i will never quit my job because of bitcoin if the bitcoin give me lots more than i get in my salary then i will and i will find a sideline too to make more profit and help my family. Not a lot of people today can earn their living with bitcoin, especially if you live in a first world country, but to use bitcoin as a part time job and side income is great since you don’t have schedules and you can work as much as you like. It is an added advantage that we have opportunities to earn bitcoins even while having a break or while riding a bus on your way home. So unless you are earning a really big amount in bitcoin, there is no need to quit your job and do bitcoin all day. It is actually better to have two source of income. |
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iam choose bank to saving my money
if you want only save and secure use bitcoin wallet same secure and savety to but bitcoin can advantage , you use bitcoin is very fast growth your money Bitcoin is not as secure as banks are, not because of the security but because of the fluctuations, if you save your money in a bank they would be the same even after years but if you save them in bitcoin there is a chance that they might grow or they also might drop their value because bitcoins grows and it drops as well sometimes. The fiat you put in the bank will be the same in amount after a few years, but lower in value. One thing is for sure when you put your money in the bank, it will lose its value due to inflation. And bitcoin on the other hand can become higher or lower in value. At least it have a chance to grow in value. But in banks, it will just diminish in value. |
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Minimize your spending and maximize your savings, that'st the only way to manage your money and you do not need to make other method as that is just very simple.
Even the simplest thing can fail if you do not have the discipline to regularly do it. And this method works for those who have large enough salary but not to those who have merely enough salary for food. |
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I'm not buy bitcoin. i get it for free from faucet, Giveaway, signature campaign, trading and other. if i can get for free, why should I buy it? haha but it's will take a long time to get 1 btc. so this way is not recomended if you want to get more btc in sort time, i suggest you to buy some btc and trading for altcoin.  You are not buying it directly but you are working for it. So it means, you are still buying it using your time. I also do not buy bitcoin directly but I earn it. And some of my earning I use for trading alt coin. |
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holding only one bitcoin for a long time,i think it will not be a wise decision, if you are going to hold one bitcoin for a long time its man that you are just wasting your time and nothing else, you should invest a good amount of bitcoin in long term investment so that you can get a good profit after long time and if yo do not have a good amount of bitcoin then you should invest the only one bitcoin in alt coins for short term and there you can get some good profit from bitcoin.
If you would just keep it then it will be useless and might just decrease if you went wrong in exchanging it...I think if you are planning of buying only one bitcoin as an investment, you could put it in trading and earn, maybe not big time but for sure, as time pass you will learn how the price run and earn from it...That's true, if you would just keep it, you will not earn, but it is a good long investment...  Maybe that's a good idea rather than waiting for a long period of time before you enjoy the profit of your investment, actually trading is really good so you can be aware of the recent news of bitcoin and that would be your basis on trading, with 1 BTC that is good already to start a day trading. It is a good idea if you know what you are doing in trading. But if you are a newbie in trading, then better not use your 1BTC to start trading. You might just end up losing it all. Start with small amount and polish your trading skills. If you are confident to trade, then you can use your 1BTC to start trading. |
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What is happening with the price? I was not active here or watching the price for the last week- or two. It is still less than 600$, and it was around 600$ twoo weeks ago. Did it go up or down, or was it holding still the whole time? I hope I did not miss anything.
A market that's stable shouldn't make you panic. In fact, it shouldn't bother you at all. A stable market basically has an almost equal buy and sell force. There are still movements going on, but no major movements. We stayed a long time at a price range lower than this, I'm sure that most of us could wait a little longer for some profit in the future. Right, the price last year at the same month is just half the price of today. And the months before that, it is way lower and it stayed that way much much longer. Those who have the patient to hold really got their profit when the price spike during November. And I hope it could happen again this year. |
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Although I love bitcoin, no I will not accept bitcoin currency as a salary because of its fluctuating nature. because it's too risky, and one more thing I was not keen to take my salary in Bitcoin. Because if I receive my salary through Bitcoin and the next day, prices fell bioticon mean what should I do ... So I would not want to take risks.  The opposite of what you are saying can also happen. YOu receive your pay in the morning and in the afternoon the price rallies and bitcoin up by 100. Isn't that great? And If I look at the chart, Bitcoin price is in the uptrend. Meaning your salary have more chances of getting exchanged in a higher price. |
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we have some way to saving our money,
we can use gold, fiat currency, also bitcoin too.
the saving money can be use as investment too, in fact if our fiat get inflation or rising in the market stock it's can be called we invest our money in fiat currency in bank, not only save it.
gold is the best if you actually want to save your money because bitcoin is too fluctuating For people who have gold they are going to say that gold is the best and the best way to save money is with gold. But for me since I don't have gold. I am going to say if you want to save money then you are going to use bitcoin for saving it. Because if you are going to save bitcoins you are doing it in dual purpose. While saving bitcoins you are also investing so when the price increases you have profit. Putting your money in bitcoin is not saving, it is investing. THe concept of saving money is that you put away something that you can easily pull if you need it, example, for emergencey purposes. But if you put your money in bitcoin and you need the money while bitcoin price is down, then you have less money and you are selling bitcoin at a loss. Just control yourself and save for rainy-day-fund first. THen save for investments. If your investments are earning, it will be easier for you to save more. |
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If i were in desperate need for money then I'd borrow. I mean if there is no other way and i really NEED it so if it's crucial then ill borrow.
But ofcourse I don't allow this to happen or I try to prevent it as much as is in my power.
Yeah that is right. If you really need the money right away there is no better option than to borrow money to your friends. And make sure to keep on your promise to pay them at the given date you promised them. In that way there is an assurance that you have a good record to him and would lend you money again if you need it again. But I agree with you that it is better to prevent it. I would continue to work hard and would not buy things that I do not really need. Do not just work hard, work smart too. Working smart means putting your money to work. While you are working hard, save some of your money and when it is large enough, start investing. If you have a right investment, you will be earning a passive income. This will make sure that you will have income even if you do not have work. MOre investments you have the better. THen there will come a time that you will not lend money from anyone anymore. |
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Trading is a very unpredictable job indeed but sometimes you got to rely on the luck a little bit too to carry you.
Not always skill will be enough especially not with trading you will have to take risks to get somewhere.
Others dont believe in luck. They say if you believe in good luck then there is the opposite of it too. So it would be better not to believe it and just rely on skills. But you cant change what traditions made to believe in luck. well if the two combines much better for your investment aside from knowing how the movements works and the position got a good luck instead of having what you are expecting possible that it will rises up more. YOu have to rely more on your skills. Good luck is just a bonus. You cannot rely on luck because you cannot always have good luck. Sometimes you have luck, sometimes you don't. But you can always rely on your skills, and you can cultivate it so that it can be sharper and serves you better. |
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I earn around 0.01 BTC or so, From different places/faucet and few get paid to perform tasks sites as well as random giveaways here and there, I think it's relatively easy to earn 0.01 BTC even with faucets, but it's really tricky to get something like 0.10 BTC per day or so.
This is quite impressive. Is this a consistent income? And you are earning it from faucet. HOw many hours a day do you have? I thought faucet earns small amounts, but here you are claiming you are earning 0.01 BTC per day. I do not earn that much, but I hope someday I will. |
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Actually it's really depend on the situation. If you speculate the price of bitcoin will increase soon, it's better to save your coins and if you speculate the price going down, it's better to sell it. It's depend.
But you will never know if the price of bitcoin will go up or down. Unless you have an insider information (with the whales), then you can't know exactly what will happen in the future. I say, just save the coins and if you feel like selling some for consumption, then never sell in a price is lower than the price when you received those coins. |
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The governments want to get rid of cash, it is predicted that around 2020 we will see a clear, mainstream-announced goal by governments to get rid of cash in the future, so by 2025-2030 cash usage will be minimum.
By then, your question should have an obvious answer.
Where did you get the information, how the hell would the government would get rid of cash when they are making money from the taxes in every transaction from every businesses and its people in a certain country. Well if he will be right, then we are all fucked up. The tax will now come to bitcoin and we will have a lot of problems regarding that. If people are ready to accept bitcoin as their currency then are we as bitcoin users ready to be taxed? It is now the other way around problem. It is obvious he is just trolling. That or he is living in a different dimension. Governments will never get rid of fiat. It is a representation of them and how rich their country which they govern is. Bitcoin is an option to get around inflation. It is a choice. And I do not believe it will replace any currency. |
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You could "save" it into an investment, this comes with a risky obviously but saving into a save investment seems like the best option.
It's boring and bad for money to just sit and not grow, while with bitcoin for example you could profit.
It is different if you put it in an investment. Some investments does not allow you to withdraw your money immediately and locked within a period of time. SO if you will need immediate money, you cannot pull that out unless you will accept losses. Saving works because it can be used immediately when you need it. YOu just have to set it up properly. Like save some money for emergency funds, some for future investments and some saved for luxury (only if you have extra). |
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I would consider selling things that I don't need, or that are not very important for me in my daily life. Then I would use part of the earned money to invest in something with potential to give me profit.
Yes its a wise idea than to borrow money to someone with interest. i would also sell the things that is not really important, but to prevent that scenario its better to start saving so you will have money to spend incase you badly need it. I think if we can generate the habit of saving on regular basis then we will never face such tough situation when we need to spend some things or borrow it from people around us. well yeah, i think saving is always a good decision to make right now, and you would never need money That is what I am doing when I am really so desperate in need what I am going to do is go to the nearest bank and going to withdraw my savings. And good thing that I've been saving since 2013 and it really helped me a lot when I need money for emergency even though my bank account is just containing of small amount. But that small amount is helping me in times of need. That is why people need an emergency fund which is equal to your 6 months worth of salary in which that let you make have time for emergency purposes such as being fired in your work, or an accident occurred. Also selling unnecessary stuff is not your only option what if your things that your are selling ran out? Preparing for the worst might be your only option. That is actually the first thing you should have before you even think of anything financially wise. You need to have an emergency fund before you can venture into business or investments. And it can save you even if you are not planning to have a business yet. |
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If you have much money but you aren't use it, it's better to invest it than save the money. So you can earn passive income from your idle money. It's really good imo.
Even if you do not have much money, putting some of your money into investment is a good practice. YOu need to save first and if you have enough for a starting capital, invest them so you will have passive income. Just be careful where you are putting your money so you will not be scammed. |
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It matters because I will only buy bitcoin when the price is cheap and hold it for a longer period of time. That is my strategy to make money as I believe I can grow my money if I hold it longer.
It obviously matter for all the users using bitcoin because they are always willing the price to drop down so that they can buy more and when they are done buying they start willing for it to grow back so that they can earn profits from what they bought, so yes, it matters always. For most of us, the price matters because all we want from bitcoin is to make profit from it. Get paid in bitcoin and quickly exchange it to fiat to spend it. But to some who truly believes in bitcoin, they just want it to be used to overcome the weaknesses of fiat. |
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