Few days back, I came across a post encouraging people to use the money well wishers gives to newly born babies and mothers as a gift to invest in bitcoin for the baby, then I was pregnant, just delivered 3rd of march. My baby and I has made up to $50 if converted just 10days after giving birth. I am definitely going to use the money to invest in bitcoin this year for my baby so that in the next 18 years my baby will be proud of the decision I took for him. Im so glad I discovered this platform this year, I believe I am going to achieve a lot from this forum Below are lovely pictures of my cutie, my bundle of joy.🥰 https://i.imgur.com/aILveaK.jpeghttps://i.imgur.com/hC9kWoy.jpegvery good action to emulate. at least by having cold money and investing in bitcoin for the next 18 years, it is still very possible to guarantee your child's school fees. it's a simple thing but many people don't think about giving the best for their children, at this time with a little bit of bitcoin that we invest, hopefully in the future we can earn many times more, especially in the long term, instead of the money we save in the bank, as a guarantee for the future son, for me it's better by investing |
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at first bitcoin was intended as a means of payment, from the beginning it was created there were still few people who knew and believed in it, until finally more and more people started to know about it, so that there was more and more demand for bitcoin, that's what made the price go up, until finally more and more people came to buy it. invest money with the hope of getting a profit from the investment. until now it still continues as an assumption that cryptocurrency is a place to make money
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I don't know why the OP seemed to have concluded that what El Salvador had done, which had legalized bitcoin as a legal tender, had failed. Even though for me it is the country of El Salvador itself that has succeeded in making all eyes from all over the world more familiar with bitcoin. so that the adoption of bitcoin becomes more and increases every day. and to me if any other country does the same move as El salvador then that would be a stronger driver to faster bitcoin adoption.
El Salvador's experiment has failed miserably because a year after the adoption no merchants are able to use a Wallet, no one has adopted Bitcoin as their first payment but worse still the state waller Chivo is centralized and satoshis disappear during transactions on LN . Also, top-down adoption with propaganda hasn't worked much better than bottom-up adoption of Bitcoin Lake or Bitcoin Jungle. what is trending is because the government of Elsalvador legalized bitcoin, but in it, some people are not ready to fully realize it. for me it is a natural thing, especially at the beginning of a change there are obstacles that must be fixed, especially for the elderly, of course it will be more difficult to socialize it considering that they have not fully followed the development of the digitalization era. it's just a matter of how the government deals with the problems that occur, until bitcoin can really be fully used by all its people, so that the economy can improve soon, as the government hopes |
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will be more than the price you mentioned it looks like for this year's BNB prices. Bnb is an Altcoin that is the second choice of investors for investing after Ethereum. I don't think it will be surprising if the BNB price this year will reach ATH. my prediction this year's BNB will reach up to $600 in price.
Yes, the OP might've predicted it because of this month the price of range BNB is currently playing at $270 to $317 but expecting that the BNB will reach another ATH this year might not be possible as that means it will exceed the last ATH which was $600+ and don't forget that we're still in the bearish season and I know you already know what's the meaning of it. I'm saying that there's no chance but it's just slim considering the weather we are in now, maybe next year before or after the halving of bitcoin. at least it answered the question from the OP that at the moment BNB is worth $312, and I think it's still worth investing in. A new ATH will be reached if bitcoin shows bullrun, so BNB can follow the trend and there will be more and more fomo investors, and finally be able to penetrate new ATH. we don't know when it will happen, it could come sooner or later, what is clear is that at this time BNB is very worth investing in |
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Hi guys, Is it too late now to buy BNB? Or can we expect huge price drop in this year?
Are you waiting for BNB prices to return to $24 to $50 per coin? Until now I did DCA to buy altcoins like BNB, but if you want to buy BNB now, then do some research and see the market situation, BNB coin has a good ecosystem and until now the coin is used in the BSC ecosystem and on the Binance exchange . That would be crazy if we are expecting BNB to drop $24 to $50 each. It probably means Binance and BSC are in huge trouble and there might be no coming back. That is a 90% drop in value and it might mean that Binance and BSC are dying. FTX dropped hard and it went dead. LUNA was recreated and its founder is still hiding from Interpol and I doubt it will restore its previous market capitalization. USDC dropped but only a small portion like 10% and it is now back to its usual price since fundamentally the company is not dependent on the bankruptcy of SVB whose stake is only a small portion of the overall funds. It looks like it will be hard to see BNB dropping back down to $24, at the time of yesterday's disastrous dump BNB is still in the high two hundred dollar range. if that really happens, then I think the investors will be doubtful about this project, of course there will be big problems in it. Instead of waiting for things that are unlikely to happen, it would be better to buy in stages, especially now that bitcoin is still recovering, and even now the price of BNB in my opinion is still worth investing in |
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considering many platforms have apy lower than current inflation it's just waste of time, either try to go big with altcoins that could give you massive return of investments or nothing at all, unless you want to combat inflation i'd say staking stablecoin in general still a waste of time. it's even better just investing small amount of your money in some newer altcoins that looks like gem maybe eventually they will become massive.
if only to fight inflation maybe it can be used as an alternative to staking on stable coins, but for me where we are already familiar with cryptocurrencies, then it is less effective, like you, I agree it is better to choose altcoins than stable coins, for me it is a loss to wait in long term if only fighting inflation, unless we have a lot of money, but in small amounts it would be better to make a profit |
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As for me, I don't see anything wrong with borrowing money from someone if you have real problems and a reliable income source to pay it back. But the biggest issue arises when you take out a bank loan and you don't have a reliable source of income. In fact, no bank or other financial institution will lend you money if they know you won't have a reliable way to repay it. Just keep in mind that many businessmen do borrow money to expand their enterprises when they are struggling. Therefore, I don't see anything wrong with taking out a loan to address major issues.
Those who have a reliable source of income rarely take out a loan, otherwise this means that their source of income has become not so reliable if it is not enough to ensure the operation of the enterprise, and in addition, the business must generate income. And just this income should form the capital of the enterprise, which will be used for business development. Sometimes they can take out a loan to start a new business, this is also acceptable, if there is a good analysis of the market and a competent business plan. To back up your loan, aside from the possible earnings from the business that you'll going to put up, you also need to have other sources of income that will help you to pay your loan. If you'll going to take everything out from the new business that you just started, the chance that it won't survive for long, unless the business is really good and really producing a decent amount of earnings. a businessman who takes speculation with careful calculations, of course takes a loan in a safe way, I know this from where I work, where leaders take a maximum loan of only 25% of their assets, so that if something bad happens, financially he stays strong. instead of taking a loan because of a lack of capital, but this is more to maintain a relationship with the bank, until finally trusted by the bank because it has a good track record, because he is committed to carrying out new projects does not want to use personal money to run it |
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Rich people already have wealth the day they are born because their parents did and they can pass it on to their children.
Likewise, the poor pass their poverty on to their children but that does not apply if their children want to try to change and work hard to get rich.
Meanwhile, if the children of the rich cannot manage their wealth, they will lose their wealth and cannot get it back.
Everyone has the right to get what they want but they have to try hard to achieve it and not everyone can get what they want.
effort will not betray results, especially in today's era where there are many ways to get rich. a rich person will of course be in a rich person's environment, therefore his wealth is always changing, until in the end it is in the hands of his children, if he cannot place himself and think like his parents, then there are many stories where afterwards they become poor again. while poor people, it will be more difficult for them to change their perspective, because they are in a bad environment, so that in the end they have to fight harder to change their mindset so they can be more advanced to become rich people |
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Bitcoin wallet it's self is a savings account. And your bitcoins won't be tempered with. The different between bitcoin wallet and bank is that bitcoin is decentralised, no other person has access to your wallet except you and there is no government policy. In banks, reverse is the case. And saving in banks aim at interest. You can save your bitcoins by means if holding bitcoins for a long period of time which you can always make use of any time of your choice.
Bitcoin is very volatile, so it cannot be called savings, if you buy bitcoin every day, it is called accumulation and investment. And in investing, there will be profits and losses, you cannot expect a bitcoin investment never to lose. Investing and saving are entirely different, so they can't be compared, saving is just saving money for the future for emergencies. Investing means we want to increase capital but also risk losing if we invest in the wrong way. To make life more convenient, we should all have both, they have different use cases. Investing has a risk of loss. this is a lot of people choose because investing can also provide profit, moreover investing in bitcoin, of course, can provide profit above the inflation that is happening, but indeed we have to know the right time. this is different from saving, where we intend to collect money little by little for an emergency fund if something happens. I think at least we have savings up to 6 times of our total needs every month, and after that we can invest, so that we stay financially healthy |
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since I know cryptocurrencies, I rarely hold bitcoin, but I invest in ethereum, in the hope of being safe and getting bigger profits. but one time I trusted a new altcoin and I invested in it, but bad luck happened, the project failed and the altcoin became ashes until now, even though it had pumped, but I didn't sell it, therefore from my bitter experience, at this time prefer safe altcoins to invest, although trying my luck on new altcoins, I only use a little capital and not for the long term
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Indeed we can buy at low prices maybe not as low as three digit prices which I have seen when I started, but below 20k USD is possible in the background of the USDC depegging.
While less than 10k prices are very difficult now still we can buy at these levels and hold it for future gains. This needs to be done at regular intervals just like accumulating a few well performing stocks every on every drop. Dont think that you will buy today once and get huge returns a year back.
I don't think this depegging will affect the Bitcoin that much. We have seen a good rise to the 21K price point today from 19.7k which was yesterday. And It is quite possible for Bitcoin to reach below 20k again or go much low, but it will be just a new beginning for the next bull run. Anything could happen at any time. So it is wise to be prepared for any situation. Keep some and buy some. That will do it nicely. At the moment bitcoin is actually crawling at $26k, and that means all of us who have bought below it have experienced floating plus. indeed the most comfortable thing to do is to save some and buy some, by buying some while the bitcoin price is down, then we have got a good amount of coins, and saved some in anticipation of when the price drops again so we can buy it back by getting a better price from the previous |
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Hold can either get one's account loaded with profits or liquidated with reference to the project been invested on. Patience is the key factor of becoming financially stable in the market. Holding a coin for a long period of time and getting good profits as rewards at the end of the bull road maps for the projects is only earnable with patience. There are varieties of projects in the space, some are meant for short term while some are long term for holding, the main target is to be patient with the project, until it makes it's bull run up.
I know that patient is one of the things that makes long run investors to make profit, but profit making in cryptocurrency for long investors is dependable on the kind of coin you invested on, and the potentiality of the coin. Some good investors who makes research of coins do make profit for short term investment than long run investment, because some long run investment some of the altcoins that doesn't have a good potential do give off on the process, while some of short term investment the coins that lacks potential do bring up a profit. Sshall it depends. if the coin or altcoin is as trusted as bitcoin, ethereum or BNB, then there is no worry about holding it in the long term, but if the altcoin is new and you have done research according to personal analysis, then it is better for the short term, considering that new altcoins seem very easy to be manipulated, so that if we don't take advantage immediately, we are afraid that the project will actually experience a setback and we will lose capital, so even waiting for a long time seems meaningless |
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Bitcointalk Username: awik p
Forum Rank: Full Member
BTC segwit address: bc1q0lcjv6gya8nxxrf3zul6f92m0ee80zj7cntxm9
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not all the business needs much investment - when COVID hit - many people started their side hustle from their home and they earned so much with zero investment
The side hustle needs dedication and that is the only thing which can make a business successful
There's affiliate marketing which is already known. You don't have to invest in stocks and products. The logic and simplest explanation of it is that you'll be promoting others' products and you need to use their affiliate link for you to have it count when someone clicks and buys the product you endorsed. This is a side hustle but if you're able to make it your main niche and focus on the way of marketing it. You'll be able to earn a lot of passive income from it especially if you've made an interesting article/blog or video introducing the product and it gets viral. during the Covid period until now in my country many online businesses have developed, especially the sales department, especially resellers, we can imagine when there is a layoff, and many people do not have sufficient capital to set up a business, besides that the risk is a scourge for those who have never started to running a business. therefore the reseller business is very promising and of course we don't need to produce goods to be sold, even just by working from home we can make money. besides that there is also a marketing system called drop shipping, we don't even know the form of the goods being sold, the product can reach the consumer and we get a service fee from the sale. and of course many of them who were only a side business actually earn more income than their salary working as employees, because of course they are not bound by time so they can be used as a side business |
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I am a 32 year old male living in Australia.
Today I purchased some fresh fruit, a loaf of good bread, good quality milk and 2kg of chicken drumsticks for my German Shepherd (he eats human food only) and the cost was close to $50.
I feel this is the first time in my adult life I have genuinely noticed the rising cost of goods and services especially groceries.
Petrol is over $2.10 a litre and my water and electricity bills have also increased by about 15%.
I really feel bad for the elderly pensioners in this country. They are definitely struggling.
I would be curious to read of the experiences others around the world are having in regards to their cost of living.
basically the increase in oil prices affects price increases for all sectors, as is the case in my country, even though the increase in oil prices is around 30%, inflation is very pronounced, moreover the wages earned have not increased. from bank indonesia data that i read starting in 2022 is the highest increase in inflation, at the end of 2022 it has reached 5.51%. especially in 2023 it looks like it will be more difficult. I am married and have one child and the salary is not far from the "work minimum wage" in my country, so I have to regulate it very strictly. on the other hand I have to find additional income to find a fortune outside the salary. lucky to know cryptocurrencies, at least it can provide hope for investing and trading. because I have to pay attention to my child's future about the cost of their education in the future, namely by investing. while trading up to now can at least cover the needs of my daily life |
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I have been trading for a while now and have hit/miss success with it so I'm interested in which indicators you use the most? For me, right now I use EMA 50, Alligator and MACD/RSI(depends), and I try to make my decisions based on them and on my experience.
I don't use many indicators, because that just makes me confused, because often each indicator will have a different signal at one time. therefore I only use EMA and assisted with support and resistance. that way I can draw our work area and can determine targets and areas to cut losses if my analysis is wrong. I do this because I do scalping, so if the candle breaks the EMA line, I have to take action. while the ema that I use is 20, 50, 100. I take advantage of the space at each EMA to make a profit, and profit or loss situations are what I usually experience, the main thing is that in sum I still get profit at the end of the month |
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Having no mentor is the reason why I'm on and off in trading and become lazy to learn. I just do copy trading but still no luck. The trader started to lose after a few days when I followed. That even took away my remaining hope. Learning trading on your own is something very hard to do even with lots of tutorials on YT. What's even harder is to find a mentor that is willing to take you despite his/her busy schedule.
It depends on how you encourage yourselves by learning online tutorials. But if we talk about copy trading, I didn't do it personally because I heard a lot of stories like you and most of them had failed. So, instead of following someone I'd rather carry myself to learn on my own even though it takes so long because I believe this is the best solution and I know experience helps me a lot to learn more. But if you have a trusted friend that will teach you personally, that can be better, especially if you aim to learn fast. failure to do their own analysis is mostly done by novice traders, and that is something that usually happens. but if we carry out trading training continuously, we will have experience of responding to the market in various situations and conditions. Everyone will be different in mastering it, and that is what we can measure ourselves. there is no trader who is always successful at the beginning of his career, and that is what we should use as motivation to keep learning. and for sure we have to deepen our association in the trading environment with anyone, so that more knowledge will be obtained, therefore the most important thing is that we have to strengthen our psychology to be able to achieve what we aspire to |
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As a beginner, my advice is that the most important thing is that we have to learn a lot about psychological control in trading, because most people think that trading is a quick way to get rich. their main mistake is that they are busy looking for a good trading strategy system, many are even tempted to use robots as money-making machines. but unknowingly they forget how to manage risk if our analysis is wrong, and we have to be disciplined with analysis, because most of them in their minds have to make a profit every time they trade, this is very dangerous, where initially the aim was to do scalping but because of floating minus shift to long-term trading. I think this mindset needs to be fixed
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