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201  Economy / Speculation / Re: HODLers, When Will You Sell? on: December 29, 2023, 04:25:04 AM
Seriously I wouldn't be able to hodl 100% of Bitcoin in my wallet for longer period of time I have tried earlier but failed because you will encounter sudden expenses like health or housing henc it has always been certain percentage of Bitcoins which I would be able to hodl. I think those who are hodling for over ten years are the one who either have forgotten that they have Bitcoin in their wallet or those who have los the private key or in worst case scenario no longer in this world. Unless whale or financially well settled an ordinary person will not be able to beat the urge of selling it.
I have also experienced things like you, so far I have not been able to hold on for a long period of time because there is always a need that we do not expect and must be met immediately. We have even looked for various ways not to sell it but still have to sell the amount of Bitcoin that we own for can fulfill these needs.
Maybe for those who can survive for a long period of time, of course they will be able to take good care of the assets they have and they also have many sources of income so they will not be affected by the Bitcoin they hold.
202  Bitcoin / Bitcoin Discussion / Re: Finally I did it (I am happy to join). on: December 29, 2023, 03:45:25 AM
Nice move man Congrats for finally having bitcoin my only advise for now "jus hodl" that 0.033 btc of yours can turn into a lot of profits someday don't be affected by incoming fuds  just continue to buy whenever bitcoin dips you can wait for the top of this bullmarket to take profit and wait for another buying opportunity.  
Sure he  will keep that coin for long , because it took him some time , effort and knowledge before finally buying this means how important to Him having this amount and for sure that is just the beginning and will extend more and more before the great halving happens ,
or maybe he will continue holding for more years readying for His future and His family as well.
Congrats to OP and happy Holding , welcome to the Gang  mate.
If we have decided to hold Bitcoin for a long period of time of course we must have a good plan to be able to carry out what we have planned and it is also very important to have good knowledge to be able to hold it for a long period of time because if we don't have a good understanding about Bitcoin then we will be affected by bad news about Bitcoin, when we have a good understanding of Bitcoin of course we will be able to easily achieve the targets we have set and we also have to be patient before the big halving happens.
203  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a Replacement for a College Savings Plan on: December 29, 2023, 03:25:42 AM
Obviously as bitcoin is a great investment, and everyone can do it, not just saving's plan for college but any that individuals wanted to save and grow their money. But it's not as easy as it sound as bitcoin is volatile.

There might be a time that as parent you see your investment and it's going down and you calculate that it might not be enough specially if we are in a bear market. So everything is about timing here and really depend on the individual. Also bitcoin investment is not going to replace those old and traditional way of people investing their money for the future of their family.
Because Bitcoin is volatile, it is very important to really understand it before deciding to invest in Bitcoin, because if we don't understand it well, of course we won't be able to get a profit from investing in Bitcoin.
If we get a bearish market situation, of course we have to hold on to the investments we make so that we can get a profit from these investments and if we need these funds for college, of course we will experience losses if we choose to take these funds.
Yes, this really depends on each person and also someone's understanding of Bitcoin to survive bearish market conditions, each person will use a method that they think is comfortable to save their money, either traditionally or investing in Bitcoin.
204  Bitcoin / Bitcoin Discussion / Re: Investing in Bitcoin will bring you hope and gambling will leave you destitute. on: December 29, 2023, 03:01:44 AM
Bitcoin and gambling are two different things and they shouldn’t be interlude with one another. Gambling can be compared to investing in altcoins but for bitcoin it is totally different from that perception. Bitcoin is less risk while gambling and investment in altcoins are full of risk that can left you to emotionally downcast if things doesn’t go as planned. For those that have taken a career of future path through gambling, they should know that it is not worth it and it should just be for fun. If they are looking to make long and lasting investments that can make them rich overtime, they should rather invest in bitcoin.
Of course things are very different between the two because people who choose to invest of course have thought about their future and some people who gamble will really depend on how they play the game, if they can control their gambling activities it certainly won't get them into trouble. finances and if they cannot control themselves they will certainly experience an addiction to gambling, of course this is very different.

Indeed, it would be better for us to gamble for fun and not become addicted to gambling so that we can still invest and if we choose to invest in Bitcoin, of course this is very good for long-term investment and this will be very profitable for us if we can hold on. ourselves for desires we don't need and use the income we have to invest in Bitcoin.
205  Economy / Trading Discussion / Re: New Trends Among Beginner Traders on: December 28, 2023, 06:06:30 AM
I keep asking myself, are these kids doing it wrong? The beginning phase of the trading journey is a time for learning and not talking or trying to show off. These new kids should be quiet and focused on building equity, and other best trading practices that would make them successful traders rather than trying to act cool and successful when they haven't ever made a dollar other than in a demo.

I have engaged with a couple of them in trading conversations, and they beat around the bush, replying with generic responses without any real experience.
Showing off and being arrogant is always difficult for everyone to control. Including when have something unique or an activity that is not yet common, such as crypto trading. Maybe that's why the arrogant traders you have met are long-winded and lack knowledge. Because for them just by knowing crypto trading, maybe it has become a matter of pride. That's why the novice trader becomes arrogant.
It is indeed very difficult not to be arrogant when doing things that only a few people can do and most of us see those who only have a little understanding of trading and when they understand it well I think they will be able to act wiser in dealing with other people.
If they understand about crypto trading and feel proud of what they know, of course they won't feel the losses they will incur in trading if they don't understand it well, so it would be better for them to keep learning well about crypto trading so they don't just be proud of it. what they just found out.
206  Economy / Trading Discussion / Re: Anyone can succeed as a bitcoin trader on: December 28, 2023, 05:46:14 AM
90% of novice traders, maybe it's true. but when there are more experienced traders I don't think the situation will be like that.
However, in trading, there are still those who profit and there are also those who lose. Even professional traders don't always make a profit.
what differentiates it is the way each trader minimizes the risk of loss. They both plan for profits, but the way to overcome the worst possibility of an unwanted situation is different.
If everyone gets losses, how are there still people who trade and don't just choose to invest long-term?
What happens is in the beginner trader phase. we cannot avoid losses. Every beginner or even experienced trader who starts trading must also go through this phase. some losses are bound to occur. but it gives beginners more experience and knowledge to grow. so that they can reduce the risk of loss gradually, they will make a profit.
When everyone who trades experiences a loss, of course there will be no more people who want to trade.
Yes, for those who have just started trading, of course they will experience losses because they do not have experience in trading and when they have experience in this field, of course they will be able to minimize losses in the trading they do, if they continue to study it and have a lot of experience in this area, of course they will can profit from the trade.
207  Economy / Economics / Re: Setting up financial structures before going into the family way on: December 28, 2023, 05:26:24 AM
If all people prioritized financial stability before starting a family, the world would be a better place. Although I am not saying that starting a family even if the finances aren't secured yet will fail, there's still the chance of being successful. But it's just different when someone is in a financially stable condition, the chances of having a better family and becoming more successful are high.

I know there are still many people who believe in the old ways like we should get married before 30. I don't agree with it. Modern countries usually average over 30 years old when their people get married. And so it's proven rather than the old beliefs that has to change. 
It is indeed very important to prepare for financial stability before starting a family because if you don't have a steady source of income it will be very difficult to meet the family's needs.
For some people who have achieved financial stability, it is easier to meet their family's needs because they have a steady income that can guarantee the needs they need.
In my opinion, it would be better for us to get married when the data guarantees the needs of the family that we are going to build because if we have not been able to meet the needs of the family and we have decided to get married, I don't think we will be able to last long, because one of the reasons people divorce is because they don't can meet their family's needs.
208  Economy / Economics / Re: Learn to use DEBT in a proper way to create asset on: December 28, 2023, 04:13:59 AM
As I have stated many times in my previous comments, borrowing money isn't a very logical thing to do especially for trading in cryptocurrency markets because trading with borrowed money in such a volatile market causes the person to be more stressed and lose money more easily. As someone who has previously made a leveraged transaction by borrowing money, I would like to help you understand what kind of psychological effect this actually has by stating that I wake up every night and check the status of my positions.

Using borrowed funds for trading can significantly amplify the emotional and psychological stress, especially in such a volatile market. The added pressure of managing leveraged positions can indeed lead to heightened anxiety and sleepless nights. It's important to prioritize mental well-being and financial stability when engaging in trading, and to carefully consider the risks associated with leveraging. Understanding the psychological impact of leveraging is crucial for making informed decisions and maintaining a healthy approach to trading.
It is indeed not an easy thing to be able to trade using borrowed funds because we don't know for sure whether we can make a profit in trading and if we experience losses in trading of course we have to find a way to pay off the debt when we can't pay it off of course we have was in trouble and had to take out another loan to be able to pay it off.

Of course, it is very important to be able to trade with a good mental condition and also have sufficient funds to trade, because if our mental condition is not good, of course we can make the right decisions in trading.
209  Economy / Economics / Re: Would you prefer to own a luxury watch or invest in bitcoin or other assets? on: December 27, 2023, 03:11:10 PM
However, the worth attributed to an item is typically influenced by its demand and supply. While I believe that owning one or two high-end watches, provided they are well-maintained, may outperform stocks, gold, and real estate, it's worth noting that their appeal may diminish over time. This is because future generations are increasingly gravitating towards other interests, such as bitcoin and other emerging trends. If given the choice, would you prefer to own a luxury watch or invest in bitcoin, digital assets, gold, stocks, or real estate?

Choosing a luxury watch is a matter of taste and perhaps those who buy luxury watches have much better finances so deciding to buy a luxury and expensive watch is not a problem for them.
But if the question was addressed to me then I would definitely prefer to invest money in a much more productive place, such as buying several assets that have good potential in the future.
People tend to look at things based on need and suitability and if this question is asked to people who do not have good financial resources then they will choose investment.
But in reality, almost everyone would love to have luxury and expensive items, but it all depends on someone's purchasing ability.
What you say is very true, this really depends on a person's taste and also their ability to own a luxury watch, of course this is not a problem for them because they can buy it whatever the price.
Yes, I will also do that because I am very uncomfortable wearing a watch because I am not used to wearing watches, whatever the price, for me it would be better to invest because I have many needs so I have to prepare well so I can achieve what I want.
Indeed, everyone wants luxury and expensive goods and only some people are still comfortable choosing a simple life and having investments that can guarantee their future.
210  Economy / Trading Discussion / Re: The most difficult times on: December 27, 2023, 02:51:13 PM
It's not easy to do crypto trading; that's the truth; it requires strong dedication and determination to understand something like this. And when we do it right or give it, who will be the first to benefit from this matter? Aren't we too?

So what others say is true: the success of our future in this field is actually in our hands. So the difficulty in the business industry is just at the beginning, and when we overcome it, we will definitely get the profit we hope for.
It is true that when we have a good understanding of crypto trading then we will be able to enjoy profits in the trades that we make, it takes a lot of time that we spend in trading to really understand it well and when we have a lot of experience we have to keep learning it in order to continue understand well about trading.
Everyone who is just starting out will certainly experience difficulties because they are not used to trading and when we have experience and also understand trading, we will be more accustomed to trading.
211  Bitcoin / Bitcoin Discussion / Re: Bitcoin investment is kind on: December 27, 2023, 01:51:51 PM
it's good if emotions are controlled. for example, we are ambitious people who want wealth quickly. People like this are not very suitable for investment here, even when I tried at the beginning I always lost money just because I sold too quickly. when I held it went down but after selling it went up. This is just a matter of trust in predictions and patience in consistently taking profit targets. As long as emotions are stable then it's time for crypto investments to run smoothly, this is very good for people who are early adopters who will definitely be helped a lot by that.
If we cannot control our emotions in investing, we will be very greedy both in investing and in other things. Of course, it is very important to be able to control our emotions so that things that we don't want don't happen when investing. In my opinion, knowledge is also very important in making investments because without knowledge, of course we will not be able to hold the investment and will tend to sell more quickly because we don't understand well what we are doing.
212  Economy / Economics / Re: A career - as an employee or a business owner which do you prefer and why? on: December 27, 2023, 01:24:21 PM
There are challenges and obstacles within the business environment that could deter a person from continuing to run a company which you have mentioned few key factors to that effect and for many when they analyze and compare the weight to bear in becoming a successful business owner to that of just gaining the needed set skills and education to be gainfully employed a whole lot of people decides to be employed and be contented with any level of success they can attain under such status.

Moreso like you had mentioned "another person reaping you off" before you could even stand sturdy, as in, the competition alone has made a good number of person's with business ownership mindset to drop the dream because they couldn't match in the competition and the politics against those that have already gained a higher ground in that line of business over you.
When someone decides to run a business, of course they have carefully studied the risks that exist in the business and have also thought about how to overcome them well so that the business they run can survive various obstacles. Some people who decide to work will of course be ready. with all the responsibilities that will be given to them and it is very different from those who decide to run a business, they have to manage all their business needs themselves without anyone controlling them.

If we are not confident in our business abilities, it is better for us to keep working for other people, because if we continue to force ourselves to build a business, of course this will not last long because we will not be able to survive with the business.
213  Economy / Gambling discussion / Re: The shorter the time you spend the better on: December 26, 2023, 11:40:23 PM
This is not only peculiar to gambling only but also any other thing that the addiction of it can cost you something. Have limits to what you want to achieve doing that for that day, once the limit is reached, you should stop immediately. If you’re looking up to $20 profit a day, even if it’s a good day for you and you’ve been winning, when you reach your daily profit, immediately withdraw from playing the game. The same thing for loss, if your loss is set at $10 daily and the loss gets there, don’t be too angry not to exit the game and want to vent your anger as a revenge to get your money back, you can end up losing everything. Know when to stop and when to continue.
It is difficult to set a target for winning because you will probably encounter many losses, and it will not guarantee that you can win after experiencing many losses. The important thing is that you can set your limits in gambling and not violate those limits so that you don't experience more losses. People who are used to their limits can gamble comfortably, so they don't worry about gambling excessively because they can always control themselves. It is true that if you gamble for a short time, you can avoid losing a lot and can also avoid the possibility of experiencing a gambling addiction after gambling for a while. And if you finally manage to win, you should immediately decide to stop gambling because, in the next round, there is no guarantee that you will win again.
Setting a winning target in the gambling that we play will indeed make us unable to enjoy the game that we play and also that we only hunt for victory so that we use the wrong strategy in the game that we play and experience defeat at the gambling.
Limiting ourselves when gambling is very important because this can prevent us from becoming addicted to gambling and also we will not be greedy when gambling so that we don't use too much money for gambling and also we can enjoy the winnings that we have obtained in gambling.
214  Bitcoin / Bitcoin Discussion / Re: You must have a source on: December 26, 2023, 04:56:16 PM
They say people cannot invest without a realiable source if income. And I firmly believe its true. You cannot successfully hold your coins even for months if your finances is miserable. You need to have at least a good source of income so that your personal expenses will be separate from your investment expenses. And you can still live comfortably even without relying on your investment's future profits.

I'd come to realize that poor people who successfully hold their coins have been struggling a lot to control their expenses. But everything will paid off in time and they'll get to benefit from their long term hodling.
It is true that if you don't have an alternative source of income, your invested money may not last for more than a few months. Investing in cryptocurrency does not guarantee immediate profits, and it may take a considerable amount of time to earn a profit. If you rely solely on your investment and have no other source of income, you may be forced to use your investment funds to meet your basic needs.
If we only have one source of income, of course the investments we make will not last long because we cannot meet the needs we need and when we need these needs we will of course have to take the funds we have invested for those needs.
Yes, it does take a long period of time to be able to gain profits from investing in crypto, so we must have several sources of income to be able to invest in crypto so that the investment we make can achieve the targets we set, because if we only have one source of income, of course this will makes it difficult for us to stick with investments.
215  Other / Beginners & Help / Re: [Merit] Share your best posts/threads with Fillippone to be merit assessed on: December 24, 2023, 02:48:26 PM
Round: 6

Re: How we survive food shortages
Category: Opinion and Answer
Section: Economics

Re: Bitcoin is not a quick rich and get poorer investment.
Category: Opinion & Information
Section: Bitcoin Discussion

Re: When the world is evolving, follow the trend.
Category: Opinion & Answer
Section: Economics

Re: Idea and money are very important to investment.
Category: Opinion & Answer
Section: Economics

Re: Trading is not very easy; it took my friend a long time to understand.
Category: Good Reply
Section: Trading Discussion
216  Economy / Economics / Re: Retirement Age for Workers - Does this Make Sense? on: December 24, 2023, 02:26:28 PM
I agreed that government should not forcefully retain it employees after attaining the mandatory retirement age or increase retirement age, it should be optional though majority of them would opt to leave however their wealth of experience would still be needed especially workers or expertise in health sector, technology, etc it might be very difficult for government to replace some of these key sector of the government replacing them with newly recruited employees isn't a bad idea though I prefer those employees who are about to retire retrain the newly recruited employees thereafter release them to retire because their productivity would wane as they aged in the job.
In my opinion, if the government increases the retirement age, of course there is a clear reason to retain them, as you said, with the experience and expertise they have, it is certainly natural to retain them, but in my opinion, if the government continues to retain them for a few more years, of course the generation that wants to develop will less interested in developing themselves to be able to replace those who have reached their retirement age.
I really agree with what you said, it is better to give young people the opportunity to have skills like theirs and give pensions to those who have reached retirement age to enjoy time with their families while they still have time.
217  Economy / Economics / Re: How to gain money on: December 24, 2023, 02:06:09 PM
Without:
Charity, begging, illegal, stocks, trading.
People earn money through finding a real job. If he has a stable source of income, then he can extend his source of income through taking an investment. That way, he will will have multiple source of income that will generate money for him. Also, if he has a good source of income, he can easily save so he can have something to reap in the future. Money is not achieved by doing nothing, you should learn how to make an effort so you can have something to gain later on.
To be able to earn income of course we have to have a job that will be able to provide us with income because without having a job of course we will not be able to earn income, if we can save the money we have and make investments of course this will be very good because we will get additional income from the investments we make.

It would be very good for us to have several sources of income to be able to fulfill what we want, because if we only have one source of income it will certainly be very difficult for us to save and it will also be impossible for us to save some of the income we have if we only have one source of income.
You are right, without doing anything it is very impossible for us to get money and we also have to try to have a job that has income.
218  Economy / Economics / Re: My view of wealth and assets specially now on: December 24, 2023, 01:44:44 PM
For me, money is not a treasure to be kept in a bank, money is a means of payment, a medium of exchange, that is written on every piece of banknote, understand the meaning.

So it's better for us to be smart in using money for saving and investing. If you want to save, it's safe, the value doesn't go down, and liquid (easy to disburse) is gold. But if you want to invest (make a profit/increase in value) there are many choices, such as real estate, or the more modern bitcoin investment. Of course these three assets will strengthen our finances in the future.
You're right, but strangely, a lot of people worldwide measure someone's wealth based on the money they have, and that's become the standard. Hoarding wealth in the form of fiat is not a great idea, given the looming threat of inflation. The best option nowadays is to store money in the form of assets. It's projected for future needs, as the growth of money is better when invested rather than just stored or saved.

If you're not too confident about the amount of money you have, Bitcoin offers privacy, allowing anyone to invest with just a few dollars or even without a minimum limit. Quite flexible, isn't it?
It is true that most people nowadays measure each person's wealth based on the money they have and also people who have a lot of wealth will be more easily accepted in any environment because they will be able to ask for help from those who already have a lot of wealth, if we choose to collect the wealth we have. Having it in the form of money is not a good choice because if inflation occurs the value of the money we save will certainly decrease. It would be better if we saved the wealth we have in the form of real assets because this will be an investment for our future.
You are right, we can invest using Bitcoin whatever we can afford and we will also be able to make a profit if we do it consistently.
219  Economy / Economics / Re: We need higher wages off course but goverment need to do one thing on: December 13, 2023, 03:29:01 AM
yeah life nowaday is all about competition and winning at money making, just waiting for the government to stabilize the price of goods might prove to be ineffective because along the way we might've better off spending our time to learn some new skill increase that earning, but i know full well that such thing is also difficult and requires a lot of dedication.
but also can't deny the fact that government have vital role in stabilizing the market in the whole world because they are the central that regulate and rule over certain territory so that if they decided to keep the price of commodities and foods stabilized then it will.
at least nowaday economy started to stabilize and we've seen many decrease in commodity price but still, there are inflation to beat and the amount of inflation isn't measly either.
if we can just improve our earning maybe to become twice if not thrice of current minimum wage that already sufficient enough but we should strive to earn for financial independent.
I really agree with what you say, it's better for us to have skills that can generate income for ourselves rather than waiting for the government to be able to stabilize the prices of goods because I think this might happen if the government does it really well, but if we don't have a It would be better if we can learn skills to be able to have skills that can earn income for ourselves.
Indeed, it would be better if we could have an income according to what we need and we would be financially free and able to meet the needs we need and not expect it from the government.
220  Economy / Trading Discussion / Re: Trading is hard!!! on: December 13, 2023, 02:43:59 AM
Trading is very difficult to learn; just in my experience, it took me 2 years before I fully understood it. To be honest, what I thought I understood before was actually not.

I only know a little bit that other communities have only understood trading for a short time, which means that most of them still have a hard time understanding trading. There's also a lot to consider and know; it's not just buy and sell; that's okay; of course, it's not like that.
It's not easy to understand trading, we need to study it well and then we can try to trade and even then we can't do it well, we need a lot of experience to be able to do it well, there are many things that must be prepared before trading, if we only think about buying at a low price and selling when the price rises, of course we will easily experience failure in trading.

Trading very easy if you are trading the right asset. All you have to do is “buy low, sell high”. Even a child can understand this main idea. But like I said you need to trade an asset which you trusr. Otherwise, you will dump your position with the first sign of trouble. You’ll do that because you have suspicions in the asset you are trading. “What if it goes to zero?” When you trade an asset which you trust, you won’t have any fear. You’ll see the price drops as an opportunity and you will buy more. That’s why people warn you about shitcoins. You can’t trust shit.
When someone can see the potential of the coin they are going to trade, of course it will be very easy for them to trade and we will buy it at a price that we think is good to be able to make a profit, yes you are right, when we have confidence in the asset we are trading, of course will take advantage when the price has decreased and we buy to be able to make a profit when the price returns to normal and we will be able to make a profit.
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