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That is why you shouldn't put all your eggs in one basket so that not all go broke if the basket is dropped. Diversify your investments so that in case another investment goes wrong, you still have backup. But again, all of those things need thorough research. He is a very risk-taker because he took a loan, which is bad for his mood, and he is just thinking that he could gain profit, but it turns out that he cannot. I am not against on taking a loan for your investment but make sure that you can pay it back even if you failed in your investment
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We still don't know; we can't read the future, and we also can't predict when the price will start to drop. Only you can answer when you sell because it starts with you as a contented owner of your profit. I get your point; you want to maximize profit, but what if you keep holding and the bear market starts? Sell on what you think is the peak and don't regret it as long as you gain profit. That is a sign of greediness which is not good
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It is now 2023 but the lingering effects of the ukraine-russia war are still being felt. What was most felt from the impact of the war was the rising fuel and in the end it also affected other basic commodities. Maybe everyone already knows that because they feel the impact, but what makes me confused is why until now the price hasn't come down?
Fuel prices are already coming down, but not back to their original price since the war is still going on, but food prices are still high. I can't feel their decrease, and I think they are still going up because of the recent typhoons as well as the earthquake. Low-income earners are now struggling; they tend to cut back on half the food that they purchase, like instead of buying 1 kilo of fish, they will only buy 1/2 kilo so that they can save on other things. I think it will worsen this year, but I am hoping that it will not. |
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It is another way to give money to your partner, and I think most people right now want it unless they already have money, as we really need it in our daily lives. There are also times when they prefer groceries or things that they can use or food rather than flowers. Though it still depends, there are still women who prefer the sign of love, like flowers, as it shows love. But yes, it was different than before since I noticed people are getting practical as flowers are very expensive to buy, so they should be bought for something else.
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In other ways, there are these sets of people, they are the very lazy types, they would rather borrow money than work their way out and that's how they move from one lender to another place until when they couldn't borrow more and how to pay back becomes a problem for them which is regarded as an addiction.
I totally agree. I am also a borrower to buy a house, in fact, I am personally very afraid of debts, if not in a dilemma, I would not borrow. I see some people, they easily borrow to play cards. Maybe for them, the conditions and circumstances, means and equipment to repay the debt are very normal. They don't even hesitate, don't think much, don't feel the debt is a pressure. and they are willing to continue to borrow when the debt is repaid, they will borrow anyone when needed… ns can also be an addiction These people are everywhere. I remember once having dinner with a bunch of fiends. Acutally, most of them were not my friends and only the host was. The dinner banquet was for the celebration of my friend's newly born son. Anyway, we had sit arond the table and everyone began to talk after a few drinks. To my suprise, half of them were bragging about how much money they could lend from banks and/or lending institutions and how lavish their lifestyle was. I realized immediately that I was not one of them so I kept quiet. Many of them had dozens of credit cards to cover each other but the debt grew bigger and bigger like a snowball. They did not feel bad but excited, like being addicted to drugs. I was becoming more aware of who I am after that dinner. Step away from loan/debt and never be an addict ! Its their mindset in what they are doing they prefer to be in debt. There are really people are doing this just to show off and also they cant see any problem of it as they can still able to pay their debts and can sustain their lavish life which is true but they are wasting their money and time about it since for sure even they are able to pay it they will regret it later on and thinking that the money they spend on useless things should be like bought appliances or items that you will needed in the future as well as investing to business. |
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I haven't tried to help someone, but I saw a documentary about a real-life female gambler who was addicted to it and sold all of their appliances for gambling; even the money supposed to be for bills was used to gamble, and her husband couldn't control her. The solution was to seek professional help and get her into a rehabilitation center to treat her addiction, though it took 6 months, I think, and it was a little expensive, but again, she was cured and back to herself.
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I got your point, but it was exaggerated that bitcoin was feeding those people who are doing trading, and with the price right now being down, it means for you that it can't provide food as they aren't getting profit. I don't know who you are referring to, but most of us here have another source of income that we use to feed our family, but only a few of us use bitcoin as a main source of income as it is not stable and it is very risky as it is volatile. I would suggest to you that you find a job and use trading as your side hustle to earn extra income.
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I've never heard that they are into making electric cars, which I've searched for, and I saw that they really have their own design. I think their losses are combined with the inflation that is happening right now as the products are getting expensive and people don't have extra income to purchase products on Amazon, and they also invested in the rivian project that they are doing, which is why they are still at a loss, but once their rivian is successful, I think they will be up again. Though that is really the life of business, you are not always at the top, so there are really times that you are at the bottom.
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I believe there are currently millions of other people out there in the world with a similar testimony as this of the OP, every body in bitcoin today has a story to tell and also a testimony to share, Satoshi himself, or their self would really be amazed at what bitcoin has become and how it has changed alot of lives, I believe he or they probably never expected bitcoin to become this big, so we all are grateful for the kind of live we have earned from our involvement and investment in bitcoin, for me personally, the journey just started actually.
If we talk about knowledge and finances, for sure, a lot of us become financially aware because of crypto, and we also learn more innovations than our traditional systems. It really helps us in our wallet and also in our mind, for which we are very thankful. Your journey will not be smooth sailing for sure, but it will be fruitful in the end, and you'll be thankful for everything. I just also remembered that in 2016–2017, when we could easily earn bitcoin, it was a pleasurable time for us and we bought things from it. I hope you will not quit along the way and continue using bitcoin. |
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You have no choice but to use P2P or a bitcoin ATM since this is more likely to have lower fees than if you chose the bank. Though P2P is very difficult as you need to find the right person on it and it is very risky as you are transacting huge amounts of money, either you get scammed or robbed. Bitcoin ATMs are good, but i think there is a limit on them and there are fees, but I think they are way less than the banks. But again, you are not planning to sell it right now? It is still in the future, so it is more likely you will have other choices in the future; just don't think of it just yet.
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This is what scares me the most because we live in the most strategic country in the world, and we will almost certainly be at war with them, even if they are only at war because we are part of the US alliance. If this happens, then we can't really feel the economic impact as we are in the middle of the war unless we flee to another country. For sure, prices will be more than doubled, and people who are in third-world countries will have more difficulty buying their basic necessities. I am hoping that this is just speculation and far from the truth.  |
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If we want crypto currency to be a currency we have to keep spending right? But at the same time it's something worth keeping too since I do the same with my fiat in bank for more than 2years without touching it. Is it possible to say that Bitcoin in every wallets for the past 2years without moving are considered lost due to death or lost recovery keys? It's pretty hard to believe that anyone won't come back for their Bitcoin after 2years with no activities on the wallet.
We can't consider a bitcoin in a wallet to be a lost one all because it has been in the wallet untouched or unattended to for two years or more, just like the fiat money deposited for savings in like manner an owner of bitcoin can imply such choice with his asset keeping his keys safe and secure, for anyone can have such plans so it's not wise to think it's owner might have been deceased and as to why the asset has been untouched for such a long period. In 10 cases it could be 2 losses but how then do you know for sure! But it will be confirmed later on if the owner really died, like 6–8 years passed, and still there are no transactions on that address, then it could be concluded at that time that it's lost, and it is not like the bank, where if you are a relative you can still get the funds, but in bitcoin you can't if you don't have the private keys. That is why it is better to tell someone about it so that whatever happens, they can still access it. |
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If we talk about safety in terms of exploiting and ways to cheat, then it is safer right now than before, as there have been cheats before that have been discovered and were also patched or solved to not happening again, so it is more foolproof right now. But when we talk about our safety, like being kidnapped or someone stealing our money, then it is not safe right in going to the casino. That is why other big people have body guards on them just for them to be safe. That is why it is safer to gamble at home than online, as it is way safer.
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Passive income is very difficult to find, and if you find one, it takes a lot of effort. The only thing that can really apply in my life is having a monetized website to post things like blogs or contents on, which for sure generates passive income, and also having a subscription-type business that gives you money every month, though I don't have any of this as I am more focused now on my work. But having passive income is the best, which is why some of the people I've known recommend going into business since it could be passive income if your business is already going well and we'll manage it.
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^^^ But that's the point. You can't easily steal someone else's bitcoins, even if you shoot the guy dead. In Bitcoin meetings, nobody has to tell anybody about the intricate details of how many bitcoins they have. In fact, nobody expects anybody to tell this stuff. All they would be doing is one-on-one discussing about bitcoin strategies, and general strategies for financial planning. Church meetings do similar things, without people always being forced to divulge the intricacies of their family life (their bitcoin passwords).  You can't show anyone the balance of your application where you keep the balance of cryptocurrencies, even to friends. Of course, it is impossible to talk about specific amounts with strangers - even if only you have the password to your wallet, but for a lot of money people can harm you. You will easily find stories where Bitcoin millionaires were tortured, kidnapped, and the like. It is better to keep a distance, and limit communication via the Internet. Also, mostly those hackers, if they find out that you have that huge amount of bitcoin, they will start to hunt you, and you are the target until you get baited, no matter how cautious you are. That is why it is better to keep it secret, but I think there is no one boasting about their holdings if it is true. Even I won't be saying anything about my holdings to strangers, even if it is in the bitcoin community, as it is for our safety. Stay lowkey, and you'll be safe for sure. |
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I think management is very important, regardless of the amount of income. All you said is true, and once you don't manage well it starts resulting into always collecting borrowing before receiving your payment. It is better to plan because he or she who does not plan in life is then planning to fail. That is where most people go wrong because they do not budget their income and do not plan.
Financial literacy of a person is one of the most important items that a person should have. This will allow you to correctly plan an available budget, so that not only enough to survive, but also to create some kind of start-up capital (albeit not large), which will allow you to start a business, or start investing. We are not taught financial literacy in school, this is what we must learn ourselves. That's also my question. School is just preparing us to be employees in an office setup, not to venture into other businesses or start on our own. That is why we need to learn it, and luckily the information right now is free on the internet. If we are not financially literate, even if we are earning a lot, we are still not able to save money, have emergency funds, or have savings because we can't manage our money well. That is why others are hiring financial advisers to know their spending is still good and manage their money. |
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Is it because gambling is very expensive? Because I noticed this recently when buying lottery tickets. Let's say you are spending $1 daily, and if you add it in a month, it's $31. Living in a third-world country, this is already big, and if we saved it, then that would be huge by the end of the year, but it is not included if you win in the lottery or other games. Though I think it's because we are trying our luck, hoping to win big and improve our lives.
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Many people I have met online have been able to purchase houses and expensive cars, and they have become wealthy, or at least have a lot of money in their wallets, due to cryptocurrency. You may have noticed this as well. However, there are still many people who lose money with crypto and some even quit their regular jobs to focus on it. Nowadays, people are having second thoughts about where to invest their money, unlike in the past when the bank was the only option. They are now investing half of their money in the bank and half in Bitcoin, as they know that they can potentially gain more profit from crypto than from the bank.
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A tutorial would be good also, but for sure there are video tutorials on Youtube about this that you can send to your uncle and he can start to watch them, but I do suggest that you guide him at first until he can do it alone since I know it would be difficult for them, so guidance is the best. Also, I just think it is nice to have a feature in all casinos like senior mode, and it will make the font size bigger, make it easier to play in hand, or make it easier to recognize by those older people, as I think a lot of older people want to engage in this but are just scared.
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The answer is "daily."
That's why I don't work for somebody. I do my own business and I get paid daily because I work every day. Why would anybody say "monthly" anyway? What about "yearly"?
The idea is, the more you wait to get paid, the more you get pwned by the inflation. Why would you agree to wait to get paid while everything goes up in price? The sooner you get paid, the better.
If "daily" isn't enough, try "hourly".
Lucky for you who have business, but for us employees, we have a hard time budgeting our money and also finding the best time to be paid so that we can budget it and have it last us until payday. I don't know how you'd pay your employees, but I am hoping that you are taking care of them so that no matter whether you pay them weekly or monthly, they are happy since their salary is enough. Also, imagine paying your employees hourly. How would you do the paper work, lol? Unless you don't do any paperwork and just pay them out of your pocket and you're not tracking your expenses in your business. |
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