How do you define financial stability for yourself? Do you believe that there's a thing as too much money? With what kind of income would you be satisfied and felt successful, at least in the sector of finances. Is it the more, the better?
The subject of money in particular is controversial, speaking for myself, I'm working a regular job, getting paid above average each month, while also doing some online work such as signature campaigns and staking coins on various platforms. I'm making enough money to make ends up and on the plus side, setting aside a decent sum of money from my salary, as well as any other amount earned online, is set aside as savings.
While in particular, I'm pretty satisfied with the amount of money I'm earning, I definitely wouldn't mind earning 10% or 20% more, I'm not sure though, if I'd say the same even if I supposedly received the previously mentioned raise, which is falling to the category of, the more, the better.
However, the general idea is that I'm currently okay, if I were to pursue something in life, in terms of money and finances, it'd be to make enough money to make ends meet and have a decent amount of purchasing power, while at the same time, having a savings account. This is something that as a 23-year-old student I've managed, but I have a pretty long way to go.
What's your take on this?
With what kind of income would you be satisfied and felt successful, at least in the sector of finances. Is it the more, the better?
I would be satisfied with a good salary that allows me to save and in addition to that, make investments to ensure my future. Currently, I do not have a good salary that I consider optimal for satisfaction. With the help of the campaigns carried out on this platform, the outlook surrounding my economic situation has improved a lot but I feel that it is still not enough to say that I maintain a successful financial environment, and that is why I continue working on it, so that one day everything will be different and i can rest assured that i did not lack anything. And of course, when I achieve this goal, I would not be satisfied because, if I have the mentality that more is better, it all has to do with money so you have to continue working to prevent it from diminishing completely. |
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I have read some interesting stories of few members on this forum that did all they could to buy their first set of BTC years ago and also how they made it through the journey, but one thing that I found missing from those stories is a secured job..
Newbies or Beginners, who are aiming to start buying Bitcoin for future sakes, I want you to take this advice very seriously, do not start your Bitcoin investment living under a roof that still feeds you, it could work but it will make things to be more difficult for you.
When you don't have anything else to fall back on, after asking your brothers or sisters in the family to give you some money for investment, what will you do when you get the Bitcoin? You need to live, you will have desires to buy things, and you will panic if the market move downside even more..
All this will happen because you have no job secured, as a beginner, before investing in Bitcoin, make sure you have a job or source of income, it will make the journey of accumulation to be easier and less bothered about the market behavior.
Pocket money, or the money that someone gives you will only bring you unrest mind if you plan to invest with such money, it's the type of money you are not ready to lose, because it's all you have, because you have no other money coming from else where.
You don't need Bitcoin first, What you need is a JOB, work on that first.
I fully agree with you, people should be very aware of what they are doing before investing in bitcoin, does not rush as it is an issue that requires strategy and good foundations... what is the use of getting into debt to obtain bitcoins if you are in constant anguish due to market volatility and the need to have to cancel that money as soon as possible, also knowing (if you are well educated on the subject) that the investments in bitcoin take tim, so you do not get what you expect in a short period of time and it is not only that, but the people who carry out this type of action can even end up on the street because they do not have a way to cancel their debt, they lose everything completely... so it seems to me that it is a maneuver that is not worth executing, it is better to go the safe path so that in this way the results are very different from the previous scenario. |
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I have given myself the task of reflecting carefully and… it's true, there are people who just don't care what Bitcoin is, either because of their age or simply because they have a little different teaching, along with beliefs and ways of thinking different enough that they don't want to know anything about bitcoin... I've had my own experience with a friend from college, actually recently commented on another thread here on the subject, I've tried to talk to him and convince him how good Bitcoin is... but without fruitful results, his ideals are more directed towards safe investments. This really is not a bad thing, everyone has the freedom and criteria of what to believe and what to learn and above all what to invest in.
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I am not a supporter of the SEC, after seeing the actions of this organization against cryptographic progress, I have been dissatisfied with how they handle their political affairs, technological advances are supposed to be innovations that contribute to the community and countries in their progress and digital currencies have demonstrated with facts that they comply with this task, so I do not see the point of so much controversy, on the other hand, the owner of Binance has supported these assets tooth and nail, so in part it could be said that if he is contributing by the rise of these coins….but despite the fact that both the SEC and CZ hold different points of view, neither meets the characteristics to support them, since despite the fact that CZ is in favor of cryptocurrencies, everything he does is done to get something in return, like all those who take advantage of the opportunity to practically earn through people who do work, almost like banks…so taking into account all of the above, I would definitely not take sides in this situation.
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I am very sorry for the situation your brother is going through and of course also for what you are going through, it is not easy when such a close relative has to experience something as strong as cancer…. but unfortunately if you start investing in bitcoin right now in order to immediately help him financially, you would waste your time, since it could be considered a bit late, the way in which this asset works is not the same as the way you are thinking, because it takes time to give prosperous results and thus increase those assets that you currently have, so you should go looking for an alternative that can increase your money quickly. However, it would not be a bad idea to start investing now with the intention of insuring yourself for the future, so that you can face these events in a better way and not be caught off guard.
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It's inside all of us, I sometimes hesitate to take action when I have a feeling that a certain project will do very well, the reason why I hesitate is still unknown to me and after I start regretting my actions, I am a Bitcoin investor and I am also an altcoin investor, I only hesitate with altcoin investment but not Bitcoin and even with the altcoin investment, I always make the right decisions sometimes and other times I the wrong ones too.
Also many people don't even understand why the halving period is very important, they don't know why it's important to accumulate Bitcoin before the halving takes place and we can't blame them, it takes time to understand how the Bitcoin cycle works.
Also many people don't even understand why the halving period is very important, they don't know why it's important to accumulate Bitcoin before the halving takes place and we can't blame them, it takes time to understand how the Bitcoin cycle works.
It is because of circumstances like this that i encourage people especially those new to this cryptographic world, to educate themselve.. To learn about everything related to bitcoin since it came to light for the first time, since it is something unique that can prevent procrastination to make strategic movements in the most important events of this asset, i understand that terror invades since most do not like to lose and it is a normal feeling in human beings but in situations like the ones that are about to occur is when you have to make decisions and leave the comfort zone in which many take refuge, this is an opportunity that occurs every 4 years, how could it be missed? it is the best time to experiment and shoot to win. If we never dare to make this type of play we will never know if it was the right thing to do. |
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The truth is that it is not easy to deal with these constant price changes, you are literally living simply to work and have a plate of food on the table, you can no longer enjoy your savings to go on vacation as before because there simply no more, all the money you earn is practically spent on the most necessary things and sometimes that is not even enough... I wonder how parents with a large number of members will do and that only one contributes to the house, I suppose they will only eat once a day... what is happening is worrying, And more so because this is worldwide, thre is no way to escape inflation and return to having a peaceful life, unless of course other income alternatives are sought, such as bitcoin, for example, which as we know is one of the options that can help in situations like this. And in the event that things with legal tender coins continue in this way, the most feasible thing would be that a reform be presented in terms of how the economy is currently managed...
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Before Ethereum and the other existing cryptocurrencies appeared, bitcoin had already originated, so the competition and the desire to surpass it and obtain the crown becomes a very close situation. Bitcoin has come to conquer hectares of land in practically the whole world in a fairly short time, since it was in 2009 that this asset appeared for the first time as an alternative to carry out transactions in a different way from the traditional way and thus free people from the limits and control of their assets, a quality that little by little was considered attractive by users, gradually gaining popularity, and not only that, but the increase in its value also caught the attention of people ... it is surprising that despite its volatility it is There it has managed to be worth so much, we have only been 14 years since its inauguration and even so it reaches considerably high values, that's why I think that even if the other altcoins try to both improve and reach the same dominance that bitcoin has achieved, it will not be enough, so the possibility that they can even level seems practically impossible to me.
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Although there are a lot of implications around the topic exposed here, it is important to highlight that the invisible separatist gap that existed some time ago and divided the activities as prederminate for men and women assigning "gender roles" to them, has been dissipating more and more and in the same way this is quite good. However... unfortunately there are specific localities or geographic spaces where gender equality is still an arduous taboo. Beyond all this, it is also an important point to remember that men are more likely to seek to provide and women to be helpful, whether or not these are ingrained primitive instincts that, influenced by the social stigmas of, at the very least, the last century, will keep men as the predominant gender in business for some time to come. But even so, it is highly probable that women will at some point equal and perhaps, just perhaps, surpass them.
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I think that the choice between investing in Bitcoin or altcoins depends on several factors, such as your risk tolerance, your investment objectives and your understanding of the different projects and technologies behind each cryptocurrency… each investor should carry out their own research and analysis before making investment decisions. It is true that Bitcoin has experienced significant volatility in recent months, which can be an opportunity for profit, but it also carries risks, everything will depend on what you want as I said... Although I have heard and read on various sites that Bitcoin in the next two or three years is going to have a highly momentum... although those speculations are still just that... simple speculations. Personally I consider Bitcoin to have more potential than those cryptocurrencies, but I see it as having long-term investment potential... so if someone wants to invest in ETH, they can do it and depending on their knowledge and what they want, they could have great profits, it's a personal choice.
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Governments and financial institutions around the world are taking different approaches to cryptocurrencies, and these approaches can vary widely. Some countries have adopted a more restrictive stance, while others are looking for ways to regulate and harness the potential of cryptocurrencies… The introduction of stricter regulations may affect cryptocurrency enthusiasts and related businesses. Governments most often seek to balance innovation and consumer protection, which can lead to the implementation of stricter regulatory measures. Crypto in the uk is big business. My website is crypto related and a vast majority of my visitors are coming from uk. I think when given the freedom to choose to use crypto, people will choose it irrespective of the rules and regulations surrounding it. If you google crypto in uk, you will get this result showing you all need to know about crypto in uk. https://sumsub.com/blog/all-you-need-to-know-about-uk-crypto-regulations-2023-guide/ . I also found some information on the subject: https://freemanlaw.com/cryptocurrency/united-kingdom/The only thing I can say is that it is difficult to predict how policies and regulations will evolve in the future… there may be changes in the position of governments and new initiatives that could have an impact on the Bitcoin ecosystem. |
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It is interesting that you bought Bitcoin when it was at $22,000 and now it is around $29,000. If you still keep your investment, I wonder how much you will have now? .. Bitcoin price volatility is a common feature and it is normal for investors to have different strategies and beliefs about its future value. Keeping your investments for the long term implies an extended time horizon and an attitude of not getting carried away by the daily fluctuations of the market…. I always recommend to people on the forum who invest in Bitcoin to be cautious and know the risks involved... diversifying your investment portfolio and not investing more than you are willing to lose, are notions of financial education that we should all have. I congratulate you because your investment is paying off and more since it is from BTC
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I've seen for quite some time how bitcoin has made ground in many parts of the world and how it still does... the controversies that this decentralized currency has caused have filled many governments with fear due to the change that it could make to each country and that may be why they are not sure whether or not to accept this asset, but despite the bad reviews and defamation that they, try to make bitcoin this is still the focus of choice for many, and this helps to continue increasing its adoption and value so it, could be said that it is impossible for it to reach zero, but what if it happens? from that I knew about bitcoin never asks me that question... Could bitcoin reach zero? What you say makes sense, but is there such a possibility? And if so, what would happen then?
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Bullish market? Bearish market?... Both are good, depending on the perspective from which you look at it. In a bear market you can accumulate your bitcoins until you have a considerable amount and from there prepare for an upward movement, if we are already in the situation of the latter, it would also be excellent news since it is known that the assets stored in the wallets they will be able to increase their value... so for an investor, specifically for those who trade, both circumstances are necessary, since with this they can play with the volatility of the currency and obtain favorable results as time goes by.
If I analyze these rises and falls of bitcoin for an investor who only buys regardless of the scenario in which this asset is only to save it and withdraw it in a while, I think that upward movements would benefit him more, although I do not see this strategy as very accurate anymore that the possibility of avoiding losses is not being evaluated... in short, for me both situations are beneficial.
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Well, one of the main reasons why bitcoin was created was so that people could use this currency to carry out transactions without the need for intermediaries or anything to support it, so it would not make sense to centralize it. I consider it more difficult for this asset to be centralized since it literally has no domain and it may be for this reason that many are interested in having bitcoins, since it is known that centralized currencies are dominated by both banks and by governments, so they limit their use and not only that, but when they want they can simply steal from you, but with bitcoin this act is made difficult, I am not saying that it is impossible for them to take away your bitcoins since hackers exist but it is not so common and there is no one who restricts you for its use... this is what differentiates it from fiduciary rinds, and what attracts the public's attention... so it should stay that way.
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If governments realized how important agriculture is instead of creating more urbanism, everything would be very different, it would open up less scarcity of resources, and it would not be so expensive to access food since it would be produced by society itself... and of course this would influence the level of poverty in the country, in a good way, since it would open up the need to find workers to be able to treat the land correctly if this activity is to be taken to an industrial level... I can put An example of a country that I do not consider is taking advantage of its wealth correctly, and it is Venezuela, this territory has lands ready to bear fruit, but they focus on the export of oil to survive without paying attention to others alternatives that could help the national economy.
However, I believe that people should become aware of themselves, as you are doing, and not depend so much on what the government will do to improve their scarcity situation in the country, so start planting and creating your own garden is a step that benefits individually, because you will no longer have to worry if you will eat or not for money.
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Well, this seems to me very useful information, however.. you must remember that the conditions that different corporations handle regarding scenarios like this may vary from entity to entity and also be regulated by the particular laws of the nations where they reside and operate develop. . . so taking it for granted as a general fact can set aside certain considerations that must be taken into account in each particular case, however I am sure that each financial institution must have a policy like this or similar in the scenario you mention, and many people may not know, so thanks for the contribution.
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It is never too late to regret... although it is natural to regret missed opportunities in the past, it is important to remember that the decisions made at that time were based on the information and context available at the time…now that you have a different perspective and have seen Bitcoin's progress over the years, you can take advantage of the opportunities currently presented to you. It is essential to educate yourself and understand the risks associated with investing in Bitcoin before making any decision… do your research and gain knowledge on how the BTC market works and investment strategies, I have always recommended before investing to have a good financial education either to buy Bitcoin or any asset of another nature. You can learn a lot here in the forum, read a lot and you will see how it goes better for you… welcome to BitcoinTalk.
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The term poverty is very subjective, so it will depend on how you examine the situation, a person is not necessarily classified as poor for not having money or for not being able to meet their daily needs, there is also the position in which they cannot have access to Fundamental things such as studying, a decent home to live in or to be able to maintain their health, those types of comforts and privileges that others with a better economic status have. Now, if you already have all these benefits and money is not considered an obstacle to living in a calm and complete way, it seems to me that you are not a person who can be considered poor, since you feel satisfied with what you have. And he has the necessary tools to survive.
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It seems to me a super original gift from you, I would have liked to know what her reaction was when she saw your gift, just like you but with my girlfriend, she has also been interested in Bitcoin lately, she has been willing to investigate even more, Well, when she and I started our relationship, I told her about the forum, about what Bitcoin was and it has aroused her interests in the time we have been together, I have been teaching her more and more and she has been quite attentive and intelligent... As of today we have increasingly large investment plans in relation to BTC.
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