So, why do prefer to consistently use the same exchange?
Let's discuss!
I've got accounts on a few crypto exchanges, but I usually just use one main one. Sometimes I'll check out another exchange if they have a coin my main one doesn't, but for my everyday buying, selling, and cashing out, I stick with my usual exchange. It's just easier to keep track of everything that way. I'm not too stressed about it going bankrupt because I keep most of my crypto in my own wallet, not on the exchange itself. And since I'm not really into Crypto arbitrage trading, I don't need to use multiple exchanges all the time. |
|
|
|
But is inflation needed?
A little bit of inflation, like around 2%, is actually a good thing for the economy. It nudges people to spend and invest their money because they know it won't be worth as much later. This spending spree helps the economy grow. But if there's no inflation, or worse, deflation (where prices drop), it's bad news. People start hoarding their cash, hoping it'll be worth more down the line. Nobody's spending, so businesses suffer and the economy stalls or even shrinks. Why can't we just keep the currency at the same value?
Inflation isn't always a simple thing to control. It can be triggered by a few different things, like if everyone suddenly wants to buy the same stuff, or if it costs more to make things. Even the government's decisions about money can play a role. And it's not just about what's happening within a country's borders either. The world economy is all linked together, so something like a change in oil prices or trade rules in another country can actually mess with inflation back home. And why does it only happen to money? For example, the same wouldn't happen if we used gold as a currency instead.
Think of money like a tool we use to buy things. When inflation happens, it's the value of that tool that takes a hit. Other stuff, like gold, can also go up or down in value, but not in the same way as our regular money. Gold has been used as money in the past because it's rare and valuable in itself. But it's not perfect. There's only so much of it, and it's not exactly practical for small transaction. Is inflation a ploy that the government uses so people don't get rich off of savings?
Inflation isn't a great way to tax people, it's more like a last-ditch effort when a government's really desperate for cash. Now, there can be some short-term perks to inflation. It might actually give the economy a little boost for a while. But in the long run, if you pump more money into the system, prices will just rise to match. So, it's not like governments are intentionally trying to mess with people's savings through inflation. High inflation is actually bad for everyone, so they usually try to keep it at a manageable level. Reference |
|
|
|
If you're young and haven't inherited a property from your ancestors, chances are that you're forced to rent. Personally, I've been renting for over 6 years and have been living with my girlfriend for the last 4, sharing rent and utilities. Overall, we've both spent over €25,000 together, and after spending all this money, you're practically left with nothing and may be subject to looking for a new house at any moment.
The average rent for a one-bedroom apartment is between €300 and €400 at best; thus, I was thinking that taking a loan is as costly as paying rent per month, but after 15-20 years, you end up with a house. My main concerns are the following: First, if you're in a long-term relationship like myself, you can never be 100% sure that you'll be with that person in 20 or 30 years from now, which might prevent you from opting for a loan. Secondly, you need to be certain that the location or city of the property to be bought is convenient for future job offers and so on. Thirdly, because a loan is a many-year commitment, there's no guarantee that you'll be able to afford the monthly payment 15 years from now.
On top of that, finding the ideal house as a renter is almost impossible; there's a lack of housing, and rents are extremely expensive and unreasonable at the same time. We had a difficult time finding a house recently, and it's far from ideal. There is now a new government-funded loan program that is about to start, funding up to 75% of the loan interest-free while the rest is funded by private banks and is subject to a relatively low interest rate. This led me to think about taking a loan and purchasing an average two-bedroom apartment, but I have the concerns that I voiced earlier.
Here's my opinion about your concerns related to buying a house First off, have a serious chat and make sure you're both on the same page. Then, get a legal cohabitation agreement sorted out. This spells out who pays what, who owns how much, and what happens if you split up or something worse. Nobody wants to think about that, but it's a must-do. For your second concern, do some digging into the neighborhood. What are the job prospects like? Is the area growing? Talk to people who live there, real estate agents, or even spend some time there yourself. You want to make sure it's a good fit for both of you. And of course, there's the last concern. Get a clear picture of your finances before jumping into a loan. Be realistic about the risks and have some savings set aside for emergencies. You might even want to look into mortgage protection insurance just in case. |
|
|
|
Because Sleep dreams that the tendency to suddenly become rich  This is not really normal because meme coin is more dangerous in this crypto market. They always collect money from investors by showing amazing attractive offers. In reality their project does not last long in the market because most of the team members of meme coin are new generation and they have less experience. They are coming to the market only to grab the investor capital completely. Obviously, people buy memecoins for the hype and the chance to make quick profit, right? In my opinion, meme coins are just for fun and the possibility of hitting the jackpot. At least coins that call themselves meme coins are honest about having no real use. That's better than those shady projects that claim to be "the next big thing" and then vanish once they've scammed investors. But yeah, the bottom line is we buy memecoins to get rich quick. Just my two cents, though.  |
|
|
|
Sometimes we have to know when to stop sometimes we have to push things to get success but you have to know that If something become too hard you better stop that and it might be the case you are not in the right surroundings or envoirement wich resonates with your energy.
So, what I'm getting from your post about wealth and energy is that our thoughts and actions really shape our lives. We attract people who vibe with us, and our energy can even change the feel of the places we're in. Good vibes, learning, and growing are like magnets for good things, while negativity and staying stuck just bring problems. Basically, we create our own lives, and if we're positive and always learning, good things and wealth can follow. I totally agree with this, so I always think it's important to invest in yourself first – learning and growing – before putting money into stuff like crypto or gold, especially if you're on a budget. But it's different if you can get crypto without dipping into your regular income, like through airdrops or bounties. |
|
|
|
On a scale of 1-10 I will say 9 out of every 10 are addicted to making more money even though not everyone attain this height at the end of the day. We live in an every hiking economic society. Prices of commodities keep changing as each day passes by. This has invariably triggered the addiction to more money as the usual earnings is no longer enough to maintain once life style.
I agree that money is essential for many things in life, including buying goods, achieving status, and sometimes even influencing others. However, I disagree that the majority of people are addicted to money. My definition of money addiction aligns with addiction to drugs or alcohol. It's when a person's drives and identity become so intertwined with money—whether it's having it, accumulating it, spending it, or even giving it away—that they lose sight of who they are without it. In my observations, many people still work simply to stay active and don't prioritize income as long as their basic needs are met. They appear content and happy. Therefore, I don't agree with the statement that 9 out of 10 people are addicted to money.
Many have been forced into adapting to their current spending ability, others have deviced means to earn more so as to meet up others has choosen the looting method just to survive.
Based on this Ninety percent of people in every sector of life has higher chances of looting only that most people are not privileged to get the opportunity to carryout what's in their minds
In my opinion, the problem isn't that people don't have enough money to survive, but rather that they focus on wants instead of needs and prioritize appearances. They choose lifestyles beyond their means, and some resort to harmful actions like theft. Ultimately, the issue isn't a lack of money but rather greed and misplaced priorities. |
|
|
|
So if there is a way to create balance and bring more young people to have interest in the traditional workforce what would you think of? I was thinking that increasing minimum wages and granting more benefits like health, rent to mention a few would help
Based on my experience in the country where I lived, a key reason Gen Z may not be interested in traditional jobs is the lack of online visibility. These jobs rarely appear in their social media feeds, and they often don't actively seek information about them. A proactive approach is needed to reach this generation. In addition to increasing minimum wages, promoting these jobs on platforms like Instagram, TikTok, and YouTube could be effective. Leveraging technology to showcase the reality of these jobs in an appealing way can make a difference. For instance, "day in the life" videos featuring farmers or highlighting the use of drones in agriculture can help to romanticize and spark interest in young people. Making traditional jobs, like agriculture, seem cool and relatable to popular video games like Harvest Moon or Stardew Valley can be a powerful strategy. By emphasizing the exciting aspects and the use of modern technology, we can attract tech-savvy Gen Z individuals. Of course, competitive wages and benefits are crucial to ensure long-term retention. By combining creative promotion with fair compensation, we can successfully attract and retain young talent in traditional industries. |
|
|
|
This is my first job in joining cryptocurrency specifically the bounty programs. As suggested by my friends that joining bounty program will let me earn reward tokens. However, seeing also an airdrop in the bounties altcoin section made me think of its worth of joining in airdrop. I came to a thread for airdrop and it seems that they are only requiring you to do simple task and you were able to get the tokens that they promised. Now i have the interest on them but i still have some doubts about it if is worthy to join airdrop. Do you have any idea guys or experience about its worth on joining airdrop?
In 2024, I still believe joining airdrops is worthwhile, as long as they don't involve sending money, crypto, or doing KYC upfront. If it's just a matter of making a tweet, liking a Facebook post, or posting on Instagram, why not? It's better than doing nothing, and who knows, you might get lucky, Some airdrops even end up being more valuable than signature campaigns. So, yeah, joining airdrops is still worth it. At the very least, it gives you a chance to get something for doing something simple that doesn't take much energy. Plus, with platforms like Zealy, airdrops feel more like playing a game with their gamification features, which makes them even more enjoyable. |
|
|
|
Now I want to ask everyone:
Have any of you ever been aware of this technique before?
And do you think we can keep our savings and wealth underground by adopting this strategy and considering it the safest?
And that being said, how safe do you think it is? At this time?
I will answer this question based on the environment where I live. Yes, I've heard of the technique of burying money underground, especially from films, but I've never heard of real people around me using it to protect their money. I don't think it's viable anymore, especially for money, because it's not flexible and has many drawbacks, like no interest earned and the value of money depreciating due to inflation. Unless stored correctly, the money might deteriorate and become worthless. Perhaps for gold, silver, or jewelry, it's still viable as long as it's sealed properly and buried for the long term, as their value tends to be safe from inflation. But as for myself, I wouldn't do this because I live in a densely populated city, and there's no place to bury it safely without other people knowing. Besides that, I still trust banks, and the flexibility of using my wealth is important to me. |
|
|
|
As a child, textbooks and teachers have taught us that hard work begets good luck. That is, no one comes into the world with luck, everyone has to make their own luck. The more hardworking and the more serious he is towards his work, the more likely he is to succeed. But there are some people around who look at them and think this saying is not true. Around me, I see many such daily wage laborers, rickshaw pullers or agricultural laborers, who remain at the same position from which they started their life even at the end of their age. It's not like they don't work hard.
A day laborer works for around 12 hours non-stop and in return they get a small amount of money which they spend in various ways. Here my question is why they are not able to change their fate after working so hard. In this case you may tell me that he is a daily wage laborer or he is a rickshaw driver that is why he is not progressing but he is focused on his workplace and he is working there with full focus so why is he not changing his fate. If a rickshaw driver or a day laborer wants to but cannot become a doctor or an engineer, he has to focus on his profession. What do you say about his change of fate?
In my opinion, hard work doesn't always equate to success, especially if it's misdirected. For example, working longer hours doesn't necessarily mean higher pay. We can understand this through the 80/20 rule, where 80% of results come from 20% of causes. It all depends on the impact on the business. Why do some laborers work 12 hours non-stop yet earn very little? It's because their work primarily relies on physical effort, with a stagnant impact on the company. Even with years of experience, the main result might simply be increased speed, which doesn't significantly affect the company's bigger picture. On the other hand, positions like sales often have higher earning potential due to their direct impact on company profits. Some salespeople work less than laborers but earn substantially more. So, how can one change this situation? First, use experience to strategize ways to make work more efficient. For instance, finding ways for one person to do the work of 12, or optimizing product layouts to eliminate unnecessary steps. Alternatively, invest in learning new, in-demand skills to potentially transition into a higher-paying job. |
|
|
|
hello everyone i hope you all are doing great I noticed many times the crypto project according to some events always grow like in last few days the project on metaverse is really trending everyone join these projects and everyone makes good profit just because Facebook talks about the metaverse. According to this analysis there is a project named Valentine.finance on BSC and they will be launch on 14th of Feb means on valentine's day and i guess due to project nature there is a chance to earn handsome profit so i a thinking to participate in their presale but i am afraid of losing money.so I need suggestions may be you guys know better than me. i also share whitepaper and website link Whitepaper: https://valentine.finance/whitepaper.pdfWebsite: https://valentine.finance/It's 2024, and the project's website is down with no Twitter/X updates since February 2022, raising concerns about its legitimacy. While the idea of a crypto-integrated dating app is interesting, the market is competitive with established apps like Tinder. It's hard to gauge this project's advantages. This situation highlights the risks of investing in new projects. You could lose everything, so only invest what you can afford to lose. It's difficult to predict a project's success, so be cautious and prepared for potential losses. |
|
|
|
https://www.youtube.com/watch?v=p1h0ejcJrXcI just watched a video talking about Laptop Class where Elon sees working from home as moral issue. Curious to know what your take on this kind of view because there are actually people who also agree with him. And some don't of course. It could be different in the Bitcoin community, just a Yes or No poll to answer, and sure thing it will be good to share your opinion on why you chose Yes or say No. I chose "No" because it seems more morally wrong to not work at all. In my area, it's difficult to find well-paying jobs, so the internet provides an opportunity to find work outside my region. As long as the job can be completed remotely, why not take advantage of this? If given the choice, I would prefer a hybrid work model, where I could work from home most of the time and go to the office once or twice a week for meetings or to connect with colleagues. |
|
|
|
Hey mates, how are y'all doing this good Friday? For memecoin enthusiasts, I just discovered this memecoin with the narrative of 'No more torture for holders' on the BNB chain called $HODL. Pretty good concept if you ask me. I also noticed the devs are the founders of Arbdoge, if you remember this meme from around 2023. So they may know what their doing lol.
As someone who's into memecoins, I think I'll keep an eye on this. Solid narrative, good community support, and CEX exposure too. Wanna ask though, what's that meme narrative that's got you intrigued?
If the developers have a proven track record, they may be able to generate hype and create a potentially profitable memecoin. Strong community support is also a positive sign. Ultimately, I believe the value of a memecoin depends on hype and community engagement. However, the high volatility of memecoins still give torture for holders hehe. Personally, I haven't found a memecoin that interests me yet. |
|
|
|
5. Reputational risk: this is a type of risk that is the most dangerous risk that you can ever think of, because with a small mistake you will lose everything. This is a type of risk that is most done by newbies in business, because if the investment that they do crashes or fails, they will lose all their capital or shares that they have already invested in, which is capable of affecting any other business, but it most affects the newbies because there are certain businesses that are included as reputational risk businesses, like importing and exporting of goods, shipping, and many others.
Thank you for sharing this information about risk. Everything we do carries some level of risk, so knowledge and preparation are crucial. I'm particularly interested in reputational risk. You mentioned that a small mistake can have devastating consequences. How can we mitigate this risk, considering that everyone makes mistakes, regardless of their experience? If the stakes are so high, it seems like people would be hesitant to engage in activities that put their reputation on the line. |
|
|
|
But let's get back to the near future in the 10-20 years our life Will be more easy and we will get more to do less.
Less work and more ways to become rich so i think it's good time to invest Luxury hotels brands cars like Lamborghini Ferrari stocks and clothing like cucci or another high brands because more people will become rich so they Will consume more Luxury products.
It all depends how it all goes techolodgy can create hell on earth or better life it depends how we choose to use it.
I don't think it will be easier, though. The human population is constantly increasing, while resources remain limited. Not everyone has access to new technology, either. For example, in my country, some areas still live like they did 10 years ago, with limited or no internet access. In those conditions, how can people leverage AI technology to improve their economic situation? I believe the supply of manual labor will exceed the demand, especially as AI takes over certain tasks. Therefore, I don't think more people will become wealthy and consume more luxury goods. The percentage of rich people won't change significantly, especially in underdeveloped countries. |
|
|
|
I value religion and I'm not against it, but this post is concerning those who are religious and allow it to affect their mode of thinking, most people blindly believe in false teachings by some religious leaders and think what they believe on would favour them without putting effort, well I don't doubt that miracle happens but there are people who are too relaxed and put little effort towards making investments now to make their grey days work free and more easy.
I've overheard some false spiritual prophets mislead their audience, saying that Cryptocurrency is demonic and it's the money created through the government to mislead people to hell and that according to the holybook a general currency would be created and used by those who have the mark of the beast bla bla bla, all these are just blind informations used to mislead people I believe there were people in the stone age or time when cowries were used who would never believe fiat money would be used in the future and would be very shocked right now if they were present, so why are people still shocked and confused as the money system is now evolving to digital currency which is Cryptocurrency, which has many assets for investment especially Bitcoin.
I just hope those misleading their audience from making investment would read this place in the picture above, in their holy book (Ecclesiastes 11) where it talks about investing in different places cause you never can tell the bad luck they could have, alot of people missed an opportunity to invest in Cryptocurrency, Bitcoin especially cause they thought it was a scam or demonic but they were very unlucky to miss an opportunity to acquire wealth. Their are other people only depend on one source of income forgetting that things could go wrong and they'll be brought down to zero financial level. I'm not saying Bitcoin is the only investment option right now but people should spread their investment in different areas not only depending on office jobs, and most importantly avoid being misled by their religious leaders.
In my opinion, religious teachings are never meant to make us poor or suffer. On the contrary, they should help and protect us, at least in the religion I practice. The problem is that some individuals misuse religion for their own gain, manipulating it to deceive people into believing their teachings, even when those teachings go against the religion itself. What confuses and surprises me is how easily people tend to believe religious leaders' opinions without thinking critically or comparing those opinions to the scripture. After all, religious leaders are still human and can make mistakes. When it comes to cryptocurrency, my religion doesn't forbid it as an asset, but it doesn't consider it money either. The value of cryptocurrency is quite volatile, and it's not ideal for use as money because its purchasing power can change rapidly. In conclusion, we shouldn't blindly believe everything religious leaders say because they are human and subject to flaws like greed and personal biases. It's important to always think critically and refer to the scripture for guidance. |
|
|
|
Wealth are not gambling or chasing the quick profit.
Wealth true strong wealth it's like energy creation of value+utility + hard work + quality+ and finest craftmemship.
Not just money and material things but everything even what you eat how you treat yourself.
The success and wealth it's all your lifestyle and how you also respect and treat yourself.
In life things happening to be the way that everything comes full If you are poor it's not just money problem you need better healt better education and better friends around you and more good vibes more quality and more value in material things and in knowledge and Even in your time.
In otherwords If you seems to not making money you have to change everything.
When it comes to investing in crypto or anything else those who really search for utility and value Will be winners.
I have learned hard way that money comes when i focus on value knowledge and hard work.
So If you surrounding yourself with people who value their time and they seek for quality and value then you connect with same kind of people.
People tend to think that If they see ultra super wealthy person and see the numbers that there is main thing money but it's not there is high value high quality of everything you have wealth more how you value your life your time and who you associate.
So in crypto it's fun to search fast gains but to be honest you make more wealth with patience and focusing in value and quality.
So the truth is you have to become quality minded person forget about numbers just focus on what ever you do it's associated with value and quality and utility
From your post, I understand that you believe the key to wealth is focusing on value, and I agree. Value creates demand, but it often takes time for that value to be recognized and appreciated. This means we need patience and a long-term perspective, as value is sustainable and the demand will eventually be there. However, I'd like to add that promoting what we have to offer is just as important as creating value. Even if we have something valuable, it won't benefit us if people don't know about it. This applies to our own skills and abilities, as well as to products like cryptocurrency. Even with great value and utility, they won't generate profit if they're not recognized. So, to summarize my perspective, I agree that focusing on value or quality is crucial, but we shouldn't neglect the promotion aspect. If people don't know about the value we offer, how can they appreciate and utilize it? This is true whether we're talking about ourselves or a product we're promoting. |
|
|
|
what are methods you used to forget the market conditions and keep hodl?
In my story , i always log to twitter and see what is happing , see coinmarketcap always, see youtube videos related to crypto. so this makes me sometimes panic , fear.
please update what things you do
My holding strategy depends on the specific coin and my investment plan. For example, with Bitcoin, which has a history of generally increasing in value, I typically buy and hold, checking news related to it only once a month or twice every three months if my plan is to hold for at least a year. I also try to keep myself busy with other activities to avoid constantly obsessing over my investments. Remember, it's crucial to only invest money you can afford to lose. This way, you won't feel overwhelmed with regret if your investment goes to zero. Cryptocurrency is extremely volatile, so investing money you can't afford to lose can lead to panic and fear. |
|
|
|
If you had to invest 1000€ into memes would you rather go for 1000€ Shiba Inu or
- 200€ Dogecoin
- 200€ Shiba Inu
- 200€ Pepe
- 200€ dogwifhat
- 200€ Bonk
?
Of course, I would choose the second option to spread my investment across five different meme coins. At least, if one of them fails, I can still have hope in the others. However, there's still a high risk involved because meme coins, in general, are not suitable for long-term investments. Therefore, I think it's better to diversify investments into other types of coins, such as Bitcoin (BTC) or other altcoins like Ethereum (ETH). These are generally less volatile than meme coins. |
|
|
|
|
Show Posts
