|
To be honest, ranking up to Jr. Member and Member isn't even that hard, you need some activity and just a few posts to be merited and you're already there. I personally ranked up before the merit system so I can't really say anything (and I rarely even got merits) but I think the system is good as it is - you'll rank up if a lot of people appreciate your posts.
I would suggest learning more about Bitcoin and this forum for starters and try to format your post a little better (don't use new rows for every sentence and watch out for your spaces) - it just looks better when you read it and you have a higher chance that people will actually read or reply. And also focus on contributing to the forum or learning, not gaining merits.
|
|
|
|
For the best understanding of what is a "stable Russian economy" and "skillful management", and how life in Russia looks in reality, and not from the screens on which go streams of lies, the mouth of official propagandists, 1 picture. Everything is perfect in it - from the price to the terms of sale. I don't think you can find any other country where it is so good that bread is sold in installments. No, it's not a fake, it's not photoshop, it's not a picture from "1945"! This is modern Russia, where "most of the natural resources of the world", Russia is the biggest SELLER of grain. Speaking of grain, Russia sells high grade grain to the west and for foreign currency. The bread for the population is based on.... low quality feed grain. Forage grain is used to feed livestock, in Russia - to feed the population. The association is clear, isn't it?  And so the photo: Price - 143 rubles for 0.4 kg of bread loaf. And a more noticeable price tag with the sum of 11.99 and the inscription "Take a CREDIT, for 12 (!!!!!) months, without overpayments". This is what the "greatness of russia" looks like in reality   PS Understand - having such resources, having an adequate approach, it was possible to build a really prosperous country Russia ! And to be a friend and partner of which many countries would like. But Russians chose the path of war, deaths, total lies, corruption, stealing from themselves, looting, destruction, .... Which eventually leads to their own self-destruction. Yeah, sure it's real. Unfortunately most people (especially from the US) will just believe whatever information they get from their propaganda sources and will just ignore real info from people who know what it's like actually. I know a few people (including my employees/people I work with) that were in Russia from when the war started to today. The economy is actually never stronger and the average person doesn't even care about the war as it doesn't change anything for them, not even the price of bread. And before you label me as some kind of Russian terrorist - I don't care about the war and politics as a whole, but you should really think about which countries are actually involved and who has interests there (hint: it isn't only about Russia and it's definitely not about saving Ukraine). So don't worry, spread your false info even if it gains you nothing - and takes nothing from them as well. Oh, and check out Europe, the economy is really thriving right now since they put out sanctions. |
|
|
|
|
Even though the market isn't really tied only to the halving, by history it is the most significant factor of the bull run - ATH were reached, big cash outs were withdrawn. Of course, the bull run exists without the halvings but the next one is relatively close in time so I think the market will stay somewhat stable as it is right now, until the halving gets closer.
I am definitely for holding Bitcoins at least until then since I doubt that the market will be bullish before April next year. The outcome (how high will it go?) is really for speculation only but I think it will be profitable, the question is just how much.
|
|
|
|
This is great news! For someone who likes to travel and uses cryptocurrencies as well (like me), this could be very useful. I've just checked the site and the prices are even cheap, I'd spend more money getting a roaming package from my provider than on bitrefill. Global packages can be pricey, but you can get Regional which is cheaper and more efficient. And they have great coverage as well. Cool, but your phone has to be eSIM compatible, and unfortunately most cheap smartphones are not. If you click on "compatible devices" you will mostly see iPhones, newest Samsung phones and Google pixels.
E-SIM compatible phones have been out for a long time now on the more expensive models. But since it isn't a new thing, It should be brought to lower end phones soon. Low end phones are quickly replaced anyway, so this could be really useful to everyone soon enough. |
|
|
|
Laszlo bought 2 pizza over 10,000 bitcoin way back 13 years ago.
So yes, it can provide food if you buy using it, you don't need to think critically over it.
This is pretty much the answer to your question. And even better, there is a higher chance of finding somewhere to get food for Bitcoin than that long ago. On the other hand, if the question is more about can Bitcoin be profitable so you can have steady income and always food on the table - that's another thing and it's a little hard to see what are you thinking about. I see Bitcoin as a long term investment and since it is like that, it's hard to use it like you use your fiat salary - to buy things you need every day. It can pay off a lot more than someone's monthly income, but that's not a stable salary and it's hard to rely only on Bitcoin because of that. Treat it like an investment that can enhance your financial status. |
|
|
|
snip
The more unstable/uncertain your income and your various expenses, then the more likely that you have to be careful in how much you might invest into BTC during each monthly period, but the mere fact that your income and/or expenses are erratic should not necessarily stop you from regularly investing, even if you might have some ups and downs in the amounts that you invest during any particular monthly period based on the erratic nature of your cashflow and/or expenses. It seems also that if your income/expenses are erratic, then you would need to maintain a larger emergency fund (or maybe you just might call it a cashflow stabilizing fund or a slush fund.. If you already know that your cashflow and/or expenses are erratic, then those shortages in discretionary cash would be part of the regular expectations, and not "emergencies.".. There are some people who contribute to their own emergencies by failing/refusing to adequately maintain sufficient levels of a cushion (or slush fund) that would account for variance in their discretionary cashflow. Fortunately in my case, my expenses are not as volatile or erratic as you say, so I pretty much know in advance what are my fixed costs of living. Of course, there are always variables and I take them into account so I do leave emergency funds when I can. Since I am organized, I am planning to invest every month at least - with any amount available. On another note, problems for investors could be inflation as well. My country is in inflation but the government pretty much hides it and holds the currency artificially stable while the prices of pretty much everything goes up. It isn't as bad as some countries (that have a much greater inflation trend and their currency is going to be worth nothing), but it is enough to not exactly know what are you on for the next month or until your next pay date. |
|
|
|
|
It depends on a lot of factors - one of the main ones would be how innovative are you? In every market (crypto or not), you have to give something new and useful to your future clients. That also depends on your knowledge and ability to contribute to the market.
If you are not looking for innovation and what to make a project on already available resources, making it profitable can just be even harder for you since there are a lot of bigger organizations everywhere and that might discourage you. On the other hand, even if the market is oversaturated with similar projects, most of the small ones don't have better chances than you would so you just need to know what your goal is and stand by it until you make a profit out of it.
So it's either be more innovative than your competition or find a way to make your deal better and lead more consumers on your product/service. In any situation, you have to have an edge, if it's your knowledge or ability to manage that project you have in mind. It isn't easy, but you need to be persistent and it goes the same for the crypto market or any other field even though crypto is a story of it's own.
|
|
|
|
snip
Well, I hope that you do figure out some kind of a way to figure out some kind of a reasonable balance that works for your in order that you are able to be as aggressive that you are able to be in terms of your bitcoin investment, but at the same time, not being so aggressive that you are not watching out for your own monthly expenses, including having some emergency funds available, because you should want to avoid dipping into your bitcoin investment, presuming that you start to build a BTC investment portfolio. There are people who work their whole lives and never are able to get to fuck you status or even to a kind of comfortable ability to retire, and even if bitcoin does not completely bring you to fuck you status, it could end up giving you options to be able to supplement your income (and of course, there are no guarantees that bitcoin is going to perform better than any other investment options that are available to you). By the way.. think about it. Even if you are able to put away 10% of your yearly income (and you believe that your yearly income is enough for you to live upon), it is going to take you right around 10 years to be able to put away a whole year's income.. and for sure, you are going to want anything that you invest into to be able to hold its value decently well, and hopefully even better than other options (alternatives) that you might have available. No one can guarantee that bitcoin will perform better, than options that you currently have available, but surely many folks do consider bitcoin to be amongst the best of asymmetric bets to the upside (if not the best).. so surely it could be helpful to figure out ways to invest into it.. and even perhaps increase your income in order that you can invest into it earlier.. and then hopefully all of that ends up paying off.. but you can also continue to learn about bitcoin and to study it and to maybe tweak some of your BTC accumulation and BTC maintenance strategies along the way.. while you continue to study it, and if you are ONLY putting $10 per week into bitcoin, you still might be better off then someone who had chosen not to invest into bitcoin... and yeah, even your options to avoid fees, (or to lessen fees) or ways that you choose to store your BTC so that you don't lose them, may well change over time, too. Of course, no matter the income there must be a balance between the money I need and the money I can invest. For me personally, the biggest problem is that my income isn't a constant since I am self-employed (I own a startup business), so my income depends on how well did the company do last month - I could be on minimal wage or 2x the minimal wage sometimes (it can be stable, but a range always exists). That's also a big factor in investing, situations like mine can make a difference regardless of where your country is on the OP's list for an example. Even if it isn't always smart, I'm very optimistic about Bitcoin and probably everyone else here should be. And I think it could help everyone's financial situation, even on the lower spectrum of the wealth table. To not go much off topic, I think Bitcoin has a bright future and everyone that has the possibility to invest any amount from their income should do it. Like the saying, the best time to start is 10 years ago or right now (even with the smallest contribution you can give). |
|
|
|
snip
I would consider that minimum wage is not necessarily a "normal" wage, even though every country likely has people (and perhaps even a lot of people) who do actually work at those level of income. I am not going to claim to know the answers for people, and if we are in a situation where we are having trouble getting work, and the ONLY kinds of work that we are able to get are minimum wage jobs, then likely we have to consider our situation and to consider if we are actually content with that kind of a way of earning income from our work. I am not even going to deny that some of us likely come from pretty lucky/privileged positions in terms fo having likely had been able to earn quite a bit more than the minimum wages in our own countries...and then of course, compared to other countries of lower wages, then there can be additional feelings of privilege, even though it has already been pointed out that if we come from a country that has higher minimum wages, then it is likely that the cost of living is higher too..., but aspects of the infrastructure might be better as well.. .. a lot of variables... and sure quite a bit of luck in terms of what we were born into and whether or not there might be some ways to work towards and/or to achieve social mobility.. and if we have desires to attempt to work towards social mobility or to accept that: "minimum wage" = "normal" Another thing is that hardly anyone knew about bitcoin in 2009-2012-ish.. and so as the years past, more and more people learned about bitcoin, and then questions might have come up whether any of us might have heard about bitcoin, thought about bitcoin, and then decided to buy some, in case it were to catch on. Now, it is starting to seem that bitcoin is catching on more and more and more, and maybe it is unrealistic to even consider trying to get a whole BTC.. and so work on getting as many satoshis as you can, and maybe if you are able to buy 100s of thousands of satoshis, and if you are able to continue to do that for 10 years or more, then you likely might end up finding yourself in a place that few if any of your country men would be able to achieve if they were to start buying into bitcoin 10 years down the road, and you got a head start over them of 10 years or more... .so the answer frequently tends to be to get the fuck started accumulating whatever you are able to accumulate, and don't get too worked up about relatively arbitrary accumulation targets that you may or may not be able to achieve anyhow. several thousand satoshis is good, hundreds of thousands of satoshis is even better, millions of satoshis is even better than that - etc etc etc.. and there may or may not be an ability to achieve 100 million satoshis, but you are in a much closer position to achieving 100 million satoshis after you have already acquired millions of satoshis than you would be if you are starting from zero... which will likely continue to be the case in the future .. . since many of us likely realize that BTC prices are likely to go up forever, Laura. Well yes, there are a lot of variables, different situations for everyone. Same as the OP, I just mentioned the somehow raw information in my thinking, without advanced numbers of factors and considering my own countries wealth system. Of course we have to accept the fact that those are normalized figures as the countries wealth regulates the minimal wages regardless on is it realistic for a consumer or not. As individuals we should surely work on having a greater income if the conditions are favorable. With the current price it does seem like an impossible mission to hold 1 Bitcoin or even to get close to that, but I like your thinking and I think it would be very motivating for everyone doubting the possibility of investing - like I do sometimes. Even though I earn about 60% more than minimal wage, I struggle to leave cash to invest - but your reply really motivated me to invest as much as I can. Even if it is currently just a few bucks, I will surely work on getting the head start that I need. |
|
|
|
|
The answer would heavily depend on the situation I would be in as those two options could have a very different outcome.
If it is given that I have a capital to buy a business or start my own, I would definitely start my own. Even though it could be easier in some aspects to buy an existing business (like many owners have done), it could still have some downsides.
You would have to take in account if the firm has debts that would pass to you, what kind of reputation does it have currently on the market and is it even profitable to build something that is given up.
Alongside these factors (on a personal note), I would definitely prefer making my own brand/company than making it out of another one - assuming we are talking about startup type businesses, not Elon musk investments. From a personal experience, the beginning can be hard, making a reputation and name for yourself but it would probably be safer than trying to make something which people already don't trust.
Acquiring would be something else though, but I was talking about startups as it would probably be more relatable here.
|
|
|
|
|
Very interesting list to see, yet in a way so depressing. Either way, I'm surprised seeing my country in the top 80 - I thought it would be way lower. I guess you don't see other peoples struggles until you stop looking at yours.
Since I'm living in a country where the cost of living is way higher than the minimal salary, it makes me think how much do I need to earn to have enough money to invest even a portion of a Bitcoin. I mean, if living on a minimal wage could be possible in any of these countries, you would need to have a 2 times higher income and the time you need would still be the same.
|
|
|
|
|
Nothing is for everyone, every individual has their own interests which can be vastly different.
Even though Bitcoin is made for anyone to use and the community is mostly beginner friendly, not everyone will be interested in it. Yes, education and adopting could help with more people stepping in since they could understand Bitcoin and it's use more clearly, but there are people who wouldn't do anything even with the knowledge acquired. Not everyone needs Bitcoin for the features it has and not everyone is into investing, it's just a personal choice and even if it is a wrong one, it shouldn't be forced upon.
Bitcoin could help everyone and anyone, the people just need to want it. The rest is easy, to teach and to learn.
|
|
|
|
I strongly agree on this one and I think most will as well. Bitcoin should always come in second until you come to a level where it is your main occupation, if you are into trading. I did make this kind of mistake and always looked forward to investing any kind of money I get back when I was in school, but most of the time it was impossible since it was my only money "income" as you said.
Beginners should go for a job firstly and then, only if you have an amount of money that you can afford losing and don't need it at the time, you should invest it. And if you are independent, you should probably wait for a better than average paid job before investing.
My advice for beginners would be to try cashing in their skills or services and stuff like that for Bitcoin in return. While you don't have a full time job, you certainly have time to start earning bits of Bitcoin.
Bitcoin shouldnt replace a regular income, especially for new users. Before adding storeys, you must construct a sturdy foundation. Bitcoin investments are the extra storeys on top of a consistent income. I find it intriguing that skills or services may earn Bitcoin. Its intriguing to turn time, our most precious resource, into Bitcoin. New Bitcoin users can join the movement without risking their money. Bitcoin is a currency and an investment, yet we often overlook that. We encourage Bitcoin's use and value as a global, independent currency by exchanging it for products and services I didn't imply that it should, I kind of cut short my last statement. I was thinking about the younger population who want to get into Bitcoin as they don't even have a main income and are not looking for a 9-5 job yet. It's better to use the time to earn Bitcoin if it is possible and if you want to get into Bitcoin, than just doing a whole lot of nothing with your time. Of course, older users/adults should make finding a job a priority before investing and after that a lot of learning about the whole thing. |
|
|
|
|
I've always been in a similar mindset and I think most people should be as well. This shouldn't be taken too literal though, as some people can because we should give ourselves some "treats" - stuff we enjoy, like going out for a drink or going for a pricy dinner at a restaurant. For me, a great example would be smoking as I do not enjoy it at all yet some people I know give from 100-300 euros monthly for that stuff. If they can give money daily for that then I can definitely stack some money monthly and invest it, no matter if it is Bitcoin or something else.
Just make a balance and you can both enjoy those kind of days every once in a while and you could also make a good investment in Bitcoin and earn some money later on.
|
|
|
|
|
I strongly agree on this one and I think most will as well. Bitcoin should always come in second until you come to a level where it is your main occupation, if you are into trading. I did make this kind of mistake and always looked forward to investing any kind of money I get back when I was in school, but most of the time it was impossible since it was my only money "income" as you said.
Beginners should go for a job firstly and then, only if you have an amount of money that you can afford losing and don't need it at the time, you should invest it. And if you are independent, you should probably wait for a better than average paid job before investing.
My advice for beginners would be to try cashing in their skills or services and stuff like that for Bitcoin in return. While you don't have a full time job, you certainly have time to start earning bits of Bitcoin.
|
|
|
|
|
I think it can. If you have passion towards a job or business that you run/plan to start, you are definitely more likely to succeed and make a good profit since you are much more motivated and driven by a business you like and are passionate about. It's just more motivating than having a job you don't really like for an example.
But an important thing is being more passionate about the job and not about the money. Sure, we all work for money and that is the goal, but there is a higher chance to earn something thinking about how to be better in your work and how to be more efficient rather than thinking about money only and forgetting those steps needed to become great. Knowledge and discipline should drive your passion, not wishes and dreams.
|
|
|
|
|
Fortunately, I've never been in a situation in which I took a loan or sold my belongings for some emergency, but I would always think twice if that situation ever comes to me.
I think it depends on the circumstance, how much money I need and could I repay a loan if I took one. For instance, I would take out a loan for a smaller amount of money which I know I could pay off in an acceptable timeframe. If it is a matter of a larger amount in which I am unsure I can pay it off, selling my property would certainly come as an option since my mind would be calmer knowing that I do not owe anything to anyone.
Either way, if you aren't in a very hard time a loan is acceptable to me, but if you really need the money and don't know if the situation will get any better, I am for selling property(this is questionable though, depending on what kind of property do you own and mean to sell).
Even though I strive to never get myself into that kind of situation, you always have to have a clear mind on the next steps you can take.
|
|
|
|
|
Great point, and I kind of see myself procrastinating since can't really manage my budget to get an amount of money and invest until the halving comes and even when I can, I always end up pouring it out elsewhere. Budget problems and a bit of hesitation can really be a killer since I'm postponing my investment yet I know I should do it as soon as possible. Since my company is a startup I can't really be that confident so I have to wait for a time in which I know I will have an amount to invest.
I mean, it is never too late to invest but we should definitely use the advantage of the halving as it will a hundred percent make a big price pump, as it was seen every time it happened in the past. Don't postpone it if you have the resources to do it right now.
|
|
|
|
|
You are not taking into consideration that not all people are interested in Bitcoin and that they just do not want to learn about it even if they know it exists and what is it used for. Even though the Bitcoin community is not that big, it still is growing day by day and we made a big difference the past few years. But you have to understand that this community is filled with people which should be in it, whether they are traders, holding Bitcoin or just like to invest in anything, including Bitcoin. Not everyone wants to invest their money or want to be nerdy, they've found their interests and are going with it - I personally don't even like the nerdy stuff, I'm just here because I love Bitcoin and use it, and plan to further invest in it.
I've already had similar replies on topics about adoption and I still stay by it. Try to help people who want to invest/use Bitcoin and spread the word but don't shove it into every conversation and insist on it, it just scares the people away.
|
|
|
|
|
That's what happens when something starts to be used in a way that wasn't originally intended. You can read everywhere that Bitcoin is intended to be a digital currency with a decentralized system and to be used like that but the price fluctuations made it to be more of an asset to people who bought it and now it is mostly used as an investment asset. Even though that probably wasn't Satoshi's intention, I think it's better for Bitcoin to be used like that since it made Bitcoin have the price and value it has now.
Maybe we wouldn't get this far with Bitcoin and who knows if it would stick around, but anyway I think you should just call Bitcoin as however you see it in your eyes as everyone uses it differently and has their own opinion on it.
|
|
|
|
|
Show Posts
