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I'm not really frustrated when such corrections occur, however, I wouldn't be surprised if it even dropped to $50.000. After seeing such a rapid increase, with the new all-time high surpassing $68.000 not long ago, it could possibly be subjected to further corrections in the near future. The drop to $58.000 isn't that significant, since it's already recovering towards $60.000.
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If you were to ask 100 people, chances are that 40 out of them might have heard about Bitcoin, but know nothing about it. These numbers look too high to be accurate, and the sample size might be targeted to nations that are accustomed to Bitcoin. I highly doubt that such a high percentage of people trust something completely digital, having no tangible aspect, over fiat currency.
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'The numbers' you are seeing come straight from your controllers through 'hired hands' called the government. You can feel good about yourself by 'hating the govt' and go around them (to 'our world in data' for instance), but the numbers you are getting are from the same source.
This is the BADecker argument of 'you didn't gather the data yourself, first-hand, therefore it's all false'. Are there any data you trust? What is the source? I would argue that ourworldindata are quite transparent in their funding and their sources. You imply that the data are from a single source, when that is clearly not the case. Sources for the Covid-19 data are listed here. You can then go back to each country and check the multiple sources of their own data. It's stretching credibility somewhat to suggest that all of these people, from countries all around the world, are working together in some vast conspiracy. Only PUREBLOODS will survive the vaccine / radiation holocaust being unleashed against humanity…
I do struggle to tell you and tvbcof apart, but here I think we have a distinction. I had no idea what you meant by 'PUREBLOODS', until I looked it up... Pure-blood was the term for wizarding families who claimed to have no Muggles or Muggle-borns in their family tree I am not remotely surprised that you believe you are a wizard. It is no coincidence that tin-foil hats are pointy. I've also mentioned it in the past, it wouldn't surprise me if one account was related to the other. There's no point in arguing, period. Every data source is wrong except their conspiracy websites, no matter what statistics they are shown, they'll just brush it off by saying that the data is manipulated by governments and Bill Gates. On the other hand, it's funny to see that BADecker is referring to the bible fairy tale in other posts. |
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At my local gas station, the price is $3.56/gallon and I haven't seen it that high in a long time.
I'm replying to myself here, but I wanted to follow up on what I wrote a couple of weeks ago--gas prices in my area have actually gone down somewhat, because that same gas station now has a gallon at $3.38. There's probably not much to read into that, since oil/gas prices fluctuate just like every other commodity, and I don't think there's a downward trend as of yet. And hey, I also remember when gas was at or above $5/gallon here in the US back in 2004 or so (it was so long ago that I don't remember the exact year(s) gas was that high, but I'm pretty sure I'm in the ballpark). When you compare where we're at now to back then...whew. More of a problem is getting my hands on everyday supplies like pet food. The supply chain issues are no joke, regardless of whatever's causing them. Same here, petrol and diesel dropped the significant amount of €0.02! Astonishing to say the least, doesn't make much difference to be honest. However, I'm noticing a downtrend on Brent Oil the past one week, with the barrel now costing $78.40, compared to $82-$85 which was the usual for the time being. Let's shall wait and see if it drops any further. |
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I try to be ultra careful when dealing with my credit card, meaning that I've never missed paying a single dose on time, while I try not to get too overboard. As I've already mentioned, I mostly use it to get fuel, due to its high cashback, and to pay bills in installments. However, this is the second time I'm paying the same monthly bill, twice.
I don't know how I'm forgetting that I've already paid for the month and end up paying again, now I have to call the bank to reverse the payment.
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Crypto owners who store them on well-known exchanges will certainly feel paranoid, afraid of losing the assets stored on the exchange.
if they are afraid then why store in exchange when you have lots of option where to keep safe your coins? that is literally irrelevant in this subject. In some cases there are indeed some exchanges that are hacked and some even lose their assets without collateral so this is a lesson for all of us that storing cryptocurrency assets on exchanges is not safe, so we need to have wallets such as external wallets and other secure nano ledgers.
You already Knew that those are possible to happen then prevent from doing such stupidity . But as a trader, of course, storing cryptocurrency on the exchange is much more practical and easier when you want to trade. I think we should split it, i.e. half we keep on the exchange and the other half we keep in Ledger nano wallets.
WRONG , we can put our coins in exchange in time where we wanna trade and take it out after, are you really a trader? because you seems to not know what is the real score. I don't see how that would work, if you're trading on a daily basis. Withdrawing your coins and redepositing them back, not only is it costly, in terms fees, but also in valuable time that is being lost. I understand that you should avoid using exchanges as a wallet, but what you're claiming doesn't seem too wise to me. If you are aware on what you are doing then most likely you would really realize on what are feasible ways or more worth to be done rather than sticking out on being paranaoid.If you are a trader then its just sensible that you would be only depositing on funds which you would really be needing on your trade. You wouldnt be actively on sending in and out those funds on a hardware wallet or something non custodial because that would really be costly and hassle thing to be done. If you do make trades then you would really be noticing it on the first place.So adjustments would really be made up. I don't have much experience in trading to be honest, I used to make a few trades within a week, but have stopped quite a few months now. I always had my funds (In Bitcoin mostly) deposited on the exchange, the trading fees were high enough already, I just wouldn't do it. On the other hand, I wasn't dealing with large amounts of money, supposing I had a whole BTC or whatever, I'd definitely consider having a mere 10% deposited on the exchange. |
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Crypto owners who store them on well-known exchanges will certainly feel paranoid, afraid of losing the assets stored on the exchange.
if they are afraid then why store in exchange when you have lots of option where to keep safe your coins? that is literally irrelevant in this subject. In some cases there are indeed some exchanges that are hacked and some even lose their assets without collateral so this is a lesson for all of us that storing cryptocurrency assets on exchanges is not safe, so we need to have wallets such as external wallets and other secure nano ledgers.
You already Knew that those are possible to happen then prevent from doing such stupidity . But as a trader, of course, storing cryptocurrency on the exchange is much more practical and easier when you want to trade. I think we should split it, i.e. half we keep on the exchange and the other half we keep in Ledger nano wallets.
WRONG , we can put our coins in exchange in time where we wanna trade and take it out after, are you really a trader? because you seems to not know what is the real score. I don't see how that would work, if you're trading on a daily basis. Withdrawing your coins and redepositing them back, not only is it costly, in terms fees, but also in valuable time that is being lost. I understand that you should avoid using exchanges as a wallet, but what you're claiming doesn't seem too wise to me. |
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Credit cards are actually a gift for the rich and debt trap for the poor, credit card is somewhat helpful in many ways even we get rewards along with complementary things which depends on our membership. This is false. If you dont really have that much cash saved in your account then banks wont issued any credit cards for you. Even if by any chance if you manage to get one then the credit limit on that card will be pretty small. The complimentary reward is not what makes people want to apply for a credit card, some people are aiming to increase their credit score to increase their credit limit I don't really think that you need to have certain amount to be saved in your bank account for receiving a credit card but all I know is the credit limits will be based on your transaction history and monthly average balance kind of things and for salaried person it will be easier and they are the real target for this credit card trap. I don't say people are getting credit cards for complementary rewards but its just a bonus at zero cost for people who never default their credit card dues there is a difference in that. Probably depends on the country, in the USA, they have credit score if I'm not mistaken, but not exactly sure what it's consisted of. Yesterday, I spoke to a bank representative about inquiring a credit card with a higher balance. I was told that they do background checks on almost all your details (Rent, marriage status, if you owe taxes, how much money you make per year etc.). They can see even if you've missed a single payment. The reason I want a credit card with a higher balance is to buy a motorcycle with installments (Interest free though), I do have cash in advance, but it feels nice not having to give it all at once. |
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I'm not too paranoid about my cryptocurrency holdings, however, I don't have that much to justify a hardware wallet or whatever. I used to use an online wallet, but now I've moved to an offline wallet, stored on my PC. It's always better to be on the safe side, especially for those who might hold more than 0.10 BTC, for instance.
However, I used to have a decent amount of money on an exchange, which I had completely forgotten about, and nothing happened to them. However, that doesn't necessarily mean that funds are 100% safe. There's no guarantee on that. I'd rather be responsible for the loss of my coins rather than having to chase someone because they got hacked or just solely stole my money.
Generally, in case of loss of funds, it's extremely difficult to track down what happened to them. I'd also like to point out how many phising and scam websites are out there, I almost lost my coins from Metamask on a phising attempt, luckily, I managed to move everything before the scammers did.
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Congrats OP on keeping the thread alive and there has been some great advice in here. From, "I live in a poor country but need 3;6 million USD to retire" to "Own your own house, have a couple bucks in the bank, dont drink". Lively discussion indeed.
One thing I would add is that financial stability depends a lot on where you live and that is something you should be open to change if you are 23 years old. If you are in a country/ jurisdiction with great public services then you may be well off without having millions of dollars in the bank and would just be living an enjoyable life in a safe setting. The desperation for the millions comes from a history of instability and insecurity. We have all been there or have heard of stories about someone close being in that situation. When having money would really have made a lot of difference for them.
This becomes less important if you are in a great society and have a close bunch of people who will look out for you as well as you look out for them. Thus, on top of financial stability, I think everybody should give thought to deciding a place they think would match their aspirations and desires and then try to own property, preferably land there.
Thank you for your kind words, it's interesting to see other peoples' take on financial stability, which could potentially redefine how we see other things around us. ~Snip~
For me, being financially stable is when you are already financially independent - no more debt, can survive a daily basis without the need to work for it, and has a secured amount for the future. Personally, I don't want to spend most of my life working in a company I don't own. I want to achieve financial stability with help of my skills, ability, and strategy. I know it won't be an easy task though. Surely, this would take a lot of effort, time, and resources to achieve, but definitely, it won't be impossible. Nowadays, it's really hard to earn money, hence we should not be complacent about our current earning status. It's not bad to look for additional side hustles that could generate you more income as long as you can still balance your time and give quality works to each of your hustles. We need to prioritize needs over wants. This is one of the keys to being financially stable - self-discipline. We must learn to restrain ourselves from buying the things that we don't really need, and instead allocate the money to our savings or investment so it could profit as time passes by. Being financially stable for me also means securing my retirement fund. I want to fulfill it as early as possible so that I won't be thinking about it later when I have a family of my own. I want to have it to secure my future and to not rely on my children for money when the time comes that I'm of old age, I can still buy and do what I want. Likewise, I hate debt myself too, last year, I was considering buying a more expensive car than I bought, by getting a loan. However, I changed my mind and paid cash in advance, and bought a relatively cheaper car. I'm too young (23 years old) to be going in debt and paying interest for a car which might settle me in a job I don't like doing. |
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In our country there are no such thing as credit score, and your life does not depend from your overall score (of course there are credit scores, but they dont pay much impact on your loan, percentage and etc), so credit cards are not quite popular.
Two times I was offered a free credit card by bank representative in one of our malls. In first case, I've signed for it, but few days later the bank called me and said that they cant offer me a card with 1,000 EUR limit, because it was something like "too much for a new customer". I did not need at all, so I reacted with "ok, bye".
Second time I've signed for a card, because the girl promised that "everything will be free, I dont have to worry about anything and bla-bla-bla". She so cute, so I've accepted it. I thought that it would be just a piece of plastic and I would throw it away as soon as it expires. It was "everything free, dont worry about anything" after all. I've got my card and never used it. After first month, my credit balance decreased - I was charged monthly fee, same happened next month, and next month, and next month - this "everything free" happened during whole year. Until a bank called me announcing that I am a "hard-core defaulter" and they want to connect debt collectors with my case. I've paid my debt and closed that card.
For me credit cards are scam. Thanks God there is cryptocurrency nowadays.
I was only offered a free subscription of one year, one year later, I decided to cancel my card, approximately 2 months before it expired. However, when I went to the bank, they wrote down my details and told me to call their support center. A few days afterwards, I was called about a private offer from which I'd receive a 10% cashback on any purchase, for around 20 days. Shortly after, they proceeded to charge my card the subscription for the upcoming year, 2 months earlier. I still have the card, which came in handy quite a few times (Got interest free installments on some ferry tickets, car insurance etc.), I do not believe they're a scam, but you do need to be careful. |
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Provided me with the much needed financial stability. We live in a dire, uncertain world, Bitcoin gave me the opportunity to have control over my own money no matter what happens. On top of that, it was probably the best investment (money and information/knowledge wise) I've ever made. It's been a great journey since ~ 2012-14, and I do not regret any minute of it.
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Beware when you're Googling in general, sponsored ads will appear on top of the organic results. I'm surprised though, I believed that Google checked the website's integrity, especially when it has to do with money and financial services. I'd also advise you to post the website here, it's a thread that includes any phishing/scam website. https://bitcointalk.org/index.php?topic=5197078.0 |
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I want to point to the fact of, so, either with credit or debit cards, In a first side merchant needs to pay fees to become accepting them In other side when paying with cash there's usually a tax for doing so So a tool to pump money from the people? And over onwards, a tool to take control over people money? Both cards are mean of payment to make our lives more convenient. There's no such a thing as a shop not taking card payments nowadays. It's not convenient nor safe to hold large amounts of cash in your wallet. It's a quick and easy way to make transactions and even withdraw money. |
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~
The trick on credit cards is to use them wisely, not spending more than you can afford, always pay in time, otherwise you'll get a huge interest on your balance, while at the same time, you're building a credit score.
What's your take on this? Are you against credit card usage?
The trick is not over use the credit card and get stuck without repaying them. I know many that used to card during the pandemic and then got stuck because they are not getting their salary on time, but then there are options provided by the credit card company during that period, but then there are many that lost their job and how they are going to repay them if you have taken a huge credit. So be wise before using them and if you can do that, it is a great tool. The trick is to not get stuck in a loop of purchasing items you don't need, which is extremely common when installments take place. Especially during the pandemic, with shops closed, online purchases covered the majority of transactions. It's best if they are used to cover large bills (electricity, insurance and so on), with installments, as it eases the month's budget. |
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The main reason why we are here investing in crypto is for profits so we should know how to take advantage on the current coins that make good profits, even if it means investing in meme coins. Honestly, we should be fearless sometimes so as to make huge profits because sometimes, what we think have no value will definitely give us the best profits we never had from other coins. So investing in meme coins is a choice, as long as you know that this is only for temporary. For long term profits, just stick to bitcoin for sure and higher profits.
Yeah, we can't underestimate them (unless if it was obviously shitcoins) as it was really unpredictable. Just like BNB before, nobody has that bright expectation that becomes on the top 3 coins in the CMC. Many we're ignoring this project and many projects have that possibility but because the majority needs assurance than to risk that is why they'd choose those who are known and have a better value rather than to invest in cheap coins. That even in meme coins can't just be treated that way, it simply they have the chance but too small. A very nice example, BNB from the early stage didn't get that support, but after earning traders trust using their platform, everything went well, that spark creates more investors and traders to trust this project, and look how far BNB now, reaching top 3 and still developing and gaining more followers and end users, we can't conclude the potential if we will not do our own research. It saves a lot not just the money but also the time we use when following the development of a particular asset. Binance coin was never a meme coin though, it always had some kind of potential, which was severely boosted by the development of the Binance smart chain. Meme coins on the other hand, may yield great results, but are extremely risky and is considered pure gambling. |
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Don't stress yourself too much, quite a few of us have been in a similar position. I don't recall entering the Bitcoin scene in 2011, however, it was probably 2013 at most. I was a teenager back then, hoarding BTC from faucets, I had asked my parents to lend me $500 to buy Bitcoin, I don't remember its value back then, if I am not mistaken, it was approximately $200. They refused, however, while in the meantime, I spent most of the BTC I had acquired back then, buying Minecraft accounts and other digital stuff.
Supposing I had invested those $500, which would set me back with approximately 2 Bitcoins, now I'd have a decent sum of money for myself and my family. Even if I'd held that small amount of BTC I had acquired, it would still be worth a few thousand dollars at least.
Don't be harsh on yourself, be on the lookout for new opportunities in the future, learning from past mistakes.
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There are some jobs in the world that will make money even when there is a pandemic like global issue. Look at Amazon, they made a ton of money even during pandemic, why? Because, their job is a lot better in the world that is in crisis. Of course shipping companies and such made a good amount of money as well, even though it was a tough one to move from one nation to another, or use ships, it was a lot better if you were doing in within the nation itself.
For sure there are jobs that the pandemic couldn’t affect. During the pandemic lots of jobs, even the ones that we least expected we’re going to generate a lot of income generated so many incomes. I remember that people who owned tissue producing factory were able to make lots of money during the pandemic, because the situation needed such and also hand sanitizers and the rest of them. Amazon grew bigger during the pandemic, they were able to generate a lot more income because a lot of people had to rely on shopping for their needs online and they had to make use of Amazon.com. That’s why it’s good for people to think and expand their business in a way that if something like that should happen, they would also be able to continue making income. Financial stability, I think that can be established when you have different sources of income and not just when you are having one source of income. Although you can still make lots of money by relying on one source, but to be safe, you need to have other sources of income. In one way or another, everyone is affected during a pandemic, it can be both negative or positive result. We live in the age of technology, most people are ordering stuff online, and especially now, with the quarantine measures and physical shops closed, it was expected that online shopping would boom. Moreover, the demand for electronics rose dramatically, with schools and universities and most public services closed, everything had to be moved online, skyrocketing the demand for computers, laptops, tablets and so on. |
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The Corona virus can't end the world , from history in time past the world has battle so many tough and deadly virus and deseases. The world is capable of defeating the Corona virus and I believe it will surely end.
I believe that we're heading towards the end of the pandemic, now with vaccines and new medicine being researched, I believe that towards the end of 2022, we'll practically have beaten Covid-19. Although, there are still countries, mostly 3rd world ones, which have extremely low vaccination rates, due to a shortage to them, blame their governments I guess. |
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When there is pain, we will want relief. And so we look for remedies. That is what's happening with the world. The cause which is covid has affected more than just the people it infects. Which is why leaders are going crazy looking for remedies to rud the world of this pain. Although there are quite a lot of varieties when we talk about conspiracies behind this pandemic, I won't dive into that. The main thought is that the world is desperate and would rather care looking for the solution that waste time pointing fingers.
The government is considering another lock down as the covid 19 pandemic surge high in this weekend countries in the UK have recorded higher number despite the vaccine. There are thousands' of cases here in Greece too, more than we used to have, however, the government is trying to avoid a full-scale lockdown. To be honest, despite the great number of cases, I believe that there isn't a budget to spend for Covid-19 repercussions, thus, they'll try to do whatever it takes to avoid it, by taking other preventive measures. |
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