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1981  Economy / Speculation / Re: Can I invest my 60% savings in Bitcoin? on: March 01, 2023, 05:33:30 AM
The people right now is really want to invest big but scared of the risk of it.  You can really invest 60% of what wealth you have, but make sure you can afford to lose it. It doesn't mean that if you invest, you are sure that you'll make a profit. That's not how it works; you still go through a lot of things, which is why others will tell you to invest only what you can afford to lose. Though the longer you hold bitcoin, the better, as you have a high chance to earn profit.
1982  Economy / Economics / Re: Untouchable Savings: Do you have it? on: March 01, 2023, 04:36:04 AM
You can try to spend less all the time while the future is uncertain. But it wouldn't be right to make the money you save to be untouchable. One that you can do is sell your watch and jewelry to a pawnshop or to your rich friend as your last resort.

It's not good to hide your fiat money these days because inflation will eat up its purchasing power which in the end, you won't be able to buy anything out of it. If there is anything that you could make untouchable savings, its BTC in your private wallet.
Saving does not necessarily mean that you have to save to make it untouchable in the future, instead save so you can have something to spend in the future. And I think a lot are doing this, even preparing theirselves so they won’t have to experience financial problems in the future. However, if you only save to make it untouchable for the rest of your life, that is an absurd mindset, you can’t bring money when you are already in your grave so save now and benefit in it in the future.
There is no point in saving if you don't spend it when an emergency arises; it is like you are just saving it for collection. I haven't encountered people who have been saving money and don't touch it. Most of us have goals like holding bitcoin and not touching it for 2 years or more, or if you have an emergency because that's the purpose of it, having something to spend when it's winter rather than having a loan or being in debt.
1983  Bitcoin / Bitcoin Discussion / Re: Willing to invest on bitcoin but having some challenges. on: March 01, 2023, 03:10:15 AM
Your will is really driving you to learn more. It must be difficult for you, but I am shocked that you've found bitcoin and are starting to learn from it, even if you are in a remote area. What I've suggested to you is that you download a pdf about Bitcoin by searching on Google, as it can save you more battery than always opening your internet. Try to read it. Though I know you want to access the forum to learn, it is difficult in your situation. You can just browse the forum when you have internet access, so make it count. read as much of the thread.
1984  Economy / Economics / Re: Money is for the important things on: February 28, 2023, 05:10:54 PM
You're right, don't spend on something that's just for nothing. We should not be extravagant and careless shopping. We must remember our future life, what impact will we experience if we still live a wasteful lifestyle and only do something in vain.

People now a days are really buying those expensive things to show off in social media. I myself don't understand it, but it is because they want attention. It is okay to live those wasteful lifestyles if they are very rich, as they can do it, but for us, that is only getting enough, and if we do that we are just wasting money. I do really see some people in social media doing those expensive things, for which I know they take out a loan just to do it. I am glad that I am not really into social media, and I just want to spend my money on things that I need in my life or for my family.
1985  Economy / Economics / Re: Is renting an inevitable waste of money? on: February 28, 2023, 03:21:54 PM
Rent mainly depends on the locality, and it subjective cause if you're a working person and need a house or an appartment very near to your working place then rent is cheaper compared to buying the same property, whereas in long term paying rent becomes obsolete while paying mortgage gets you a house at the end but if you're moving then you can simply switch your house when you're at rent but once you bought a house then it will be there forever.
most of the people are living in van and buses because they cannot afford rent. They are renovating their vehicles.
SAving as much as they could.
This is mainly because people have now started realizing that renting is a waster of money for sure

They just make their car a bed without really renovating it. I've seen a documentary that said that most of those people have jobs, but because the rent is so high, they can't afford it, which is why they are now living in their cars. Lucky if you have a van, but if you have a sedan, then it is difficult, as others will say they can't sleep well but still they don't have a choice. It is not a waste as you are using it and finding a purpose for it, but if you can afford to own a home, then why not, but again, it is very expensive and not all of us can afford it.
1986  Economy / Gambling discussion / Re: Drake Loses $400K Bitcoin Bet on Jake Paul’s Bout on: February 28, 2023, 02:15:09 PM
Just bet what you can afford to lose this should be the lesson. This is not new for Drake; he already lost a lot of money gambling previously, which for sure he is okay with as we know that he is rich and he can recover it in no time. For sure, he is again included in the promotions, so he has a cut of their earnings also. He will for sure bet for promotional purposes as well as to win money for the upcoming celebrity boxing matches. 
1987  Economy / Gambling / Re: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! on: February 28, 2023, 01:13:48 PM
Obviously, for a player who lost $1.4M, such an amount is acceptable if he has tens or hundreds of millions of dollars. 

We dont know what kind of gambler he was. We dont know nothing about the person who has made that bet. I would not rush saying that it was "acceptable" for him to lose this bet. Imagine, just imagine, he is a gambling addicted, and he was just a delivery guy. Just a guy who had to deliver a bag from place A to place B. Accidentally he has found out that he is carrying a bag with money. So he decides to place 1.4 million with 1.008 odd. What could possibly go wrong? He could easily get 11k in no time. And his bet loses. Sounds like a movie script from 90s, sort of a comedy when a guy looses mafia money. But that can be a IRL situation Cheesy

Or it is possible that it is a retirement savings that he tries to increase as he thought that it was a sure win but turns out not to be. There are many possibilities, but owning that much money makes it really possible that he is a rich guy, and for sure he is crying over it. No matter how rich you are, you can still get hurt by losses. He learned a hard lesson from it. It is almost the same for me, but not the same amount. I thought for sure that I would win, but in the end, I've lost my money.
1988  Bitcoin / Bitcoin Discussion / Re: Why I've been scared to invest in bitcoin on: February 28, 2023, 12:03:05 PM
Volatility is one of the characteristics of Bitcoin that people loved. The possibility that the price will stabilize is very low in the future. Most people prefer volatility because it allows them to profit quickly and easily. Now, regarding the fact that you are scared of investing in it, as is natural for a newbie, as time goes by and you learn more about bitcoin, you'll overcome it, but keep in mind that when it comes to investment, it has a lot of risk, and if you don't take the risk, you won't get any profit. Imagine that by taking a risk, there is a chance that you could get rich, rather than not taking a risk and just staying in your comfort zone.
1989  Bitcoin / Bitcoin Discussion / Re: Teaching teenagers about bitcoin. on: February 28, 2023, 10:53:45 AM
After teaching these students, I found out that the younger ones loves to learn new innovations than the adults or am I wrong from my observation.... Your opinion please.
Younger people are always excited to learn new things due to the how limited their teaching curriculum can be. They are well exposed and see the things on the internet, they know that there are better things to learn that only what is being offered on their school curriculum. Teaching this teens about bitcoins, you have offered them an opportunity to be exposed and it will have a big effect on them. I hope you can keep up with these teens at least for a few more weeks. I am happy to see this.

It is very new to them, and I believe they are not engaged with the internet, so they are intrigued. Also, how practical it is, meaning most things taught in schools are coming from books, history, etc., but we don't teach us how to earn money, so basically, if they introduce bitcoin, they will really get curious as it involves a huge amount of money. I am hoping that he can show a visual to the students on sending and receiving bitcoins so that it is more interactive.
1990  Economy / Economics / Re: Methods to cut food costs on: February 28, 2023, 09:47:17 AM
Learning how to cook really good and luxury food gets you far. You won't even want to eat outside when they can't offer half as decent food as you make.
It is cheap and If you get good enough you can make money with that skill.

It's also a really cool way to impress your date.
Yes, it can help you to save so many bucks. I learned to cook when I started to left home and live with my own. Though at first it is really hard since cooking is not my thing and also it will require you time too much time which is the main reason why I end up buying foods again. But all in all, since the market is kinda  expensive these days sometimes buying food is good rather than cooking.

It is also healthier than buying food outside. You can really save by cooking, mostly if you have other people to feed, like two or more, rather than buying food outside. I've been cooking since I was a child, thanks to our parents' training, and I still do it now, but the spices and ingredients are very expensive. What's best when you cook is that if there are any leftovers, you can still heat them later so that you can still eat them.
1991  Bitcoin / Bitcoin Discussion / Re: what is your reason for gifting bitcoin on: February 28, 2023, 08:42:51 AM
If $300 worth of bitcoin is given to someone who doesn't have a job and have been looking for opportunity to invest in bitcoin.  Will it be possible for the person to focus on this investment without selling at the moment because of the present financial situation. I'm asking this question because of people who wish to gift bitcoin to people who are going through difficult financial challenge,  is there any need to give bitcoin as gift to people who need money to settle urgent financial problems.

Or bitcoin should only be given to those who can truly invest and yield profits.  Can you gift bitcoin to random people who may not make profit from it.
To be honest when you mention that the person who would receive it are jobless how do you think that they could focus on investment when they are already struggling to survive?
Only those who have enough could focus on investment but if you don't have a job or source of income even if you have an investment on crypto it would just be spent up little by little because of your basic needs.

He would really sell that off because he needs money. So it would be better to give them cash as they need  it  so it would be better to give them cash as they need money. It would be best to gift bitcoin to those who really want to venture out into the world of bitcoin, as they will for sure keep it until they want it. If you give it to the unemployed, they will not think of it as an investment, as they need to buy food just to survive each day.
1992  Economy / Economics / Re: Would You Consider Adding Bitcoin to Your Retirement Savings on: February 28, 2023, 05:04:28 AM
This is a big question we need to ask ourselves especially for those people that are old ams going to be earning there pention soon. This is a wise decision because nit everybody that will agree to this based on different reasons. The question is what if you hold your pention in Bitcoin and the market falls heavy when you get your pention, the question is how long are you going to wait?

There's always a saying that you shouldn't put all your eggs in one basket. Pensions are used by you to celebrate your retirement; others may also invest them in business, but not all of them, only a few of them. But if you have another source of income, then it is okay to wait on it, as you know that you can profit from it. It is just that you need to make sure that others know what you are doing and know your private key, as we don't know how long you will live, so that other family members can still access your bitcoin.
1993  Bitcoin / Bitcoin Discussion / Re: Bold step to invest my fiat in Bitcoin on: February 28, 2023, 03:40:22 AM
It is a good start no matter how big or small your investment is, as long as it is open to your heart. We don't know how big your profit will be in the future. Try to accumulate bitcoin overtime, like buying small sats every time you receive your salary, so that you can accumulate bigger bitcoin overtime. Also, I am not sure if you are aware, but it is safe if you transfer your bitcoin away from exchanges, as you know from the cases that happened last year about exchanges, and it is not safe.
1994  Economy / Scam Accusations / Re: GETINTOPC BIGGEST SCAM SITE on: February 27, 2023, 05:12:10 PM
I've got scared on this as I've also recently installed software from them, but I've been doing this since I was in college as I can't afford those software. Are you sure that you've downloaded from the right website? As there are a lot of fake websites that are cloning getintopc, they are exactly the same but the domain is different. I mostly found this in Google results. But to be safe, don't use any cracked software. I would do a clean install again tomorrow, try to transfer my funds, and also change the passwords on my accounts.
1995  Economy / Economics / Re: Money is for the important things on: February 27, 2023, 02:57:57 PM
Recently, I've been urging myself to get a car (which I can't afford) as I want comfort while riding or going places, but I've thought about it over the week and it turns out it is necessary, and what you've said will last for 10 years or make my life comfortable. Now I am urging really first to provide for the needs of my family and hoping to build a house because we are just living right now with relatives of my wife and I want to have our own comfort. I also want to start a business for my wife and add more funds to hold in bitcoin.
1996  Bitcoin / Bitcoin Discussion / Re: Does Bitcoin have life span? on: February 27, 2023, 01:36:15 PM
The whole point of bitcoin is that it cannot die and it doesn't have a life span. People will always be using it because of technology and its value will only go up as time passes. That's why many people invest in bitcoin to hold it for 10-20 years.

We can't predict 100% that it will not die, it has a possibility that it will die but it is very low meaning it cant live forever. We can predict if in the next century, bitcoin will be appreciated or if we used it as our main currency. But for now, it is close to impossible to die it and I think we will die first to see bitcoin is dying. As long as people still transact on it (buying and selling) and we all have an internet connection (like there is no war all over the world that can make the internet down and used only for military) then it is still good.
1997  Economy / Gambling discussion / Re: Does this help you win when you're gambling? on: February 27, 2023, 12:16:25 PM
Does anyone of you thought that playing for fun helps you think better and win with less effort especially in poker than having the mindset of trying to win? Because when you are trying your hard to win, it will make you overthink and that your mental state will get stressed out.
I think this will work for both land base and online casinos.
Playing just for fun will only reduce pressure because the results will not affect us at all, winning or losing will be with the same response, namely just to have fun, but even though we play just for fun, it doesn't mean it will help us to be able to win, but more to be able to more relaxed while playing but all just about luck alone.

Meaning also we don't get hurt when we lose because we just play it for fun and we are not expecting a return that will make us disappointed. It is really stressful if you expect to win but turns out you are on lose streak this will lead to your emotion triggering that you'll need to chase up losses. Though others will really claim to win in specific games as it attracts lucks for them but other didn't. We do have our own perspective on this, but it doesn't mean that we noticed it on our own, it is the same with others too.
1998  Economy / Trading Discussion / Re: Trading as wealth. on: February 27, 2023, 11:30:23 AM
There is nothing that brings fast money and wealth than trading,especially when you invest a huge amount of money,If the market goes successfully,then the amount recieved will be very huge ,and it will change a lot of things about you.Trading is very essential for people looking forward to becoming successful in life.I know there are sometimes when the market is bad,and it makes trading very risky,but when luck wants to be on your side,everything will work smoothly,and you will win a huge amount of money as expected.But it's just always good to try first.
This is not easy, even if you have the money you can’t still make some profit if you are not knowledgeable enough about how trading works, so better no to fully rely on this. Trading can’t make wealth in an instant, it will always take time because losing in trading is normal as well. If you do focus on your strategy consistently, then there’s a higher chance of getting more profit and probably you might be able to reach your goal in trading.

Others will do copy trading even though they don't know how to trade they just copy those traders that are a high percentage of winning but again you are kind of blind seeing the information that you don't know also you don't know why you are losing as you don't knowledge at all. Trading is a game of minds and knowledge if you don't have it no matter what strategy that is working right now without any knowledge you'll lose in the long run. Also only it will become an advantage if you already establish a strategy on trading and higher percentage of winning as you can now earn profit big.
1999  Bitcoin / Bitcoin Discussion / Re: What's your reasons for holding bitcoins? on: February 27, 2023, 10:09:37 AM
If you can say that the reason I hold Bitcoin is because I think that my Bitcoin is my investment asset.  Although there are some people who think to use it as a currency exchange.  I'm not going to bet on the Bitcoin price going up high but I just love collecting Bitcoins.  That's my personal opinion.

So let's say the price goes up. Would you sell your collection? You love it as it is precious to you, so you don't sell it. If you just want to collect things, then buy physical bitcoin collectibles a lot here in the forum. Though I respect your opinion, if you are collecting bitcoin, you are just wasting your money as you can't touch it, as it is for collection purposes, unless it has a double purpose, like holding it for a period of time and selling it off once the price is high. Collection should be put in plastic frame to display , Bitcoin is not we should use it not for display only.
2000  Bitcoin / Bitcoin Discussion / Re: Life's first investment in Bitcoin by selling bicycles on: February 27, 2023, 09:13:28 AM
I am sure you are still young and just starting out, which is a good first step to selling your bicycles to invest in bitcoin. I know others may say those $5 losses are too low, but for you, they're big, but the feeling of losing them is the same to the big one. Also, while learning, try to focus only on one section; don't compress your learning, like learning it all in one day, as you can't digest it. Try to read it in your free time or allocate how many hours a day you have. Also, it would be nice if you read news about bitcoin daily so you can learn about it and also see how the market goes.
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