One of the biggest difficults in life is to manage growing your patrimony and income, when earning minimum wage and living in poor areas where opportunities are scarce, as is the money circulating in the local economy. Some hints that could be useful:
Get rid of addictions/habits: addictions or habits (in mild cases) are harmful not only for your health, but also for your finances. Cigarettes and alcohol are responsible for consuming a large portion of the income from individuals living on minimum wage. It's not that unsual to find people spending at least 1$ on cigarettes daily, what after 1 month will result in 30$ expenses, which could be going into bitcoin investment, for an example. Choose carefully where you go shopping: some supermarkets are more expensive than others. Shopping on physical stores is more expensive than shopping online. Don't go for the first price you see on the labels. Search for promotions, try to adequate your demand for products to your currently financial budget in a way you don't spend all your money in the end of the month. The impression which matters is the one you have about yourself: forget about boasting yourself to friends and suitors around. Live a realistic life and don't pretend to have a superior lifestyle in order to make people's eyes shine in front of you. There is nothing wrong in displaying some style, it's actually pretty good and satisfactory, but only when we can really afford it. Doesn't matter how depressing is your day, never give up: everyone has their depressing days, but these days can't become a rule in someone's life. Don't feel pitty of yourself, don't blame your life and your currently conditions. Think it's just temporary and that an exit from this situation is reachable with good will, effort, hard work and a positive attitude with people around you. Sometimes opportunities come from where you least expected, so be receptive to the society in general, while being careful with potential abusers of every kinds.
Step by step you are going to improve your financial status, be patient and determined. Good luck! |
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XRP has too big supply (100 billion), core team as main whales holders and weak public support from crypto community. I think adding all those factors we can't expect too much from XRP. About support from enthusiasts, I think it stays behind the memecoin SHIB, which also carriers the other disadvantages like huge supply and few whales (probably also from the development team), although it's undeniable SHIB has a strong presence and support on crypto community among average investors, what means marketing works at their favour, even though it's an empty marketing.
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It's certain CBDCs aren't a solution for any countries' economies, because they are a digital copy of fiat currencies. If fiat didn't solve anything, why its digital format would? Crypto adopters are investing in bitcoin and its pairs mainly due to their profitability, but also because they don't trust what their governments promote and manage in financial terms. Since CBDCs are issued by governments, people will tend to see it in a negative way, just like they see their currently fiat national currencies.
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I guess regulated casinos (which require KYC from users) aren't anonymous. You have to investigate their licenses, so you will find more informations of where their headquarters is located, who is the responsible individual for the business, etc... Staff team doesn't expose themselves on their casino's website and social medias, but with some further research I believe it's possible to find the details you are looking for, because they shouldn't be completely hidden too.
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Centralized services can't guarantee your heirs will receive your coins after your death. Imagine they simply scam your coins at some point, giving any excuse like they were hacked or operational costs of their platforms have surpassed the profit they make?
The problem with crypto services is the lack of guarantees for customers. This is a present and recurrent issue, having become more evident last year with so many huge and cynical scandals/thefts.
It's quite ironical crypto companies can provide insurance services, when they can't insure their customers at first point.
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FUD is perfectly ethical to spread.
Fake news is not.
An example of FUD.
Greenland is melting far faster than expected if it were to melt out in 15 years 10 percent of the worlds land with be under the sea.
Perfectly okay to state above as it fits in with uncertainty and is a true possibility to happen.
So it may not happen which means it is uncertain.
No human unless they can time travel knows if Greenland melts out in under 15 years.
No “. “. “. “. “. “. “. if Greenland stays fairly frozen for the next 15 years.
So spreading that is fine as it is a true uncertainty.
For instance I may sell my Miami home and buy a cabin in the mountains along with some more btc because I guess the melt out happens.
Lying is different. You are a well known person on social media you say a lie cause you hope to raise or lower the prices of a coin or a stock.
Lets say This which is a lie “SBF cut a deal with Mr V of ETH”
you know it is a lie but you said it hoping to short ETH.
This is truly wrong to do.
As long as you spread an information because you believe that could be true I believe it's ok, because you are acting genuinely, being transparent and having good intentions. That is actually a way to introduce the discussion to more people, so they can reach a conclusion if that really corresponds to the reality or not. On the other hand, people who have more knowledge about the matter in a level of depth they know the informations aren't real, but keep spreading it maliciously for the pure pleasure of deceiving individuals or for personal gains, are acting in a very unethical way. That is actually a big issue on the internet nowadays. We don't know in what to believe anymore, because there are many fakes or unlikely to be real stories being heavily disseminated. |
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I had 3 losses in a streak with the maximum winning probability chance of 94,06% and got rekt anyway. The odds are always against the player, doesn't matter how benefical they seem at first glance. That is why we should play only with surplus money, so nasty unexpected losses won't affect our budget and emotional too much. Never gamble an amount of money you don't know how long you are going to take to recover it.
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Oh my God, it looks the view from the bottom of Grand Canyon!   |
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The scammers have 4.2$ billion under their disposal. They just have to be creative to continue buying more time through these useless recovery strategies, until they deplete all the funds available. And considering that sum of money, it's a very decent amount to run a pump and dump scheme with a new worthless token, what doesn't make sense anyway, since they already had native CEL token, and still profiting the biggest part of that through their wealthy wages, after all!
Based on the article, (and based on how bitfinex handled a similar situation), it looks like Celsius would issue one token to their creditors for each dollar the creditor is owed, and creditors would be able to sell the tokens on the open market to allow them to quickly recover something. I might compare this to a "normal" company allowing its bondholders to continue to trade a bankrupt company’s debt on the bond market, except in the case of celsius, there was no existing market prior to celsius filing for bankruptcy.
Presumably, celsius would also use a certain percentage of its operating income to repurchase these tokens at face value periodically. The article alluded to Celsius becoming a public company, so it may also be possible for tokenholders to convert their tokens to equity shares in Celsius at some predetermined value.
Celsius shouldn't be able to exit bankruptcy until all the tokens are disposed of, either via being redeemed at face value or being exchanged for equity. Although at one point, the bankruptcy court may mandate that token holders accept equity in exchange for their tokens.
I assume that hedge funds and others are currently trying to buy up bankrupty claims from creditors at below face value, so there are advantages to allowing for there to be an open market for these claims.
Let's say they owe me $1000. So I will receive 1000 worthless tokens which nobody is going to buy for a single penny of dollar each, because this token doesn't have a practical reason to exist, besides scamming money from creditors. The only solution was to sell all the assets and return the profit made to creditors in something with real price, like bitcoin or dollar currency. If depositors were able to get 40%-50% of their funds back it would be already considered a victory. Now I doubt someone is going to recover at least 10% of their holdings with this plan. |
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When you have long term goals in mind you really don't have to care about what is going to happen today or tomorrow, as you know temporary market's conditions can't have any impact on bitcoin's fluctuations in matter of years. People who worries about each little fall in price don't enjoy the experience of being an investor at all, besides being under constant fear and uncertainity, what will make them sell their coins in the wrong time at some moment, as the pressure increases inside themselves.
I think you are completely right on your strategy. Buy most coins as you can afford, keep them stored safely, preferentially forget about your investments during your routine, do your stuff and live your life. Once the right time to gather the fruits come you will be ready and you will have the impression time passed so fast until that so expected moment, because you weren't worried every single day of your life with little oscillations.
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Bitcoin's a good store of value, But I don't think relying on it for your child's future is a good thing, although it could be argued. Personally, I'd invest it into something else with passive guaranteed growth instead of bitcoin's which is cyclical in nature. Or perhaps make use of both bitcoin and a trust fund at the same time. That way I can gusrantee and maximize growth of my son's money through bitcoin's volatile upshoot in prices every now and then, and make sure the money stays valuable especially when I pass away.
I have had children, and I have thought about this in the past, instead of creating a savings account in the bank for our children's future, bitcoin would be a better option in terms of profit. But with bitcoin's volatility and bitcoin's future uncertain, placing our children's future in bitcoin is quite risky. We often say that bitcoin investments should only be used with money we can lose, but this is our children's money, and we cannot lose it. So I will also choose a safer option than bitcoin for my children's future. You don't need to completely avoid bitcoin investment, though. You can invest part of the money for your child in fiat and other part in bitcoin. If bitcoin loses price by the time your child grows up, you won't lose the entire money, rather only a minor amount that shouldn't affect his future at all. On the other hand, if bitcoin rises a lot yet, as most enthusiasts predict, this can be a life changing for him. |
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Regrets are normal when having such opportunities and wasting them. The important is to not live thinking on past events.
Of course the profitability potential of bitcoin right now isn't the same of 2014, but it's still in time to start investing and accumulating some satoshis, so you and your past can make it up, and you can boost your personal finances once bitcoin becomes more expensive.
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I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.
If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?
If your family is fearful you leave your job it's because they don't feel secure only with the passive income you make. That is a tough situation, because a fixed formal job is what most people look nowadays, since it gives stability, while your passive investment might not. On the other hand, if that is a nightmare for you to work on that spot, who am I to tell you to not abandon it?  If I were you, I think I would look for another job. If I found something, I would leave the currently one, but wouldn't rely solely on the passive income, especially when having a family to feed. |
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$24k is not difficult to surpass as we are actually almost to that level. 23700 and still going up. it may hit 25k fast very soon. so yes, it may indeed boost the positive vibes in this market and may create buying spree for some users.
Bitcoin hit 23,907$ two hours ago. It was so close... But the 24,000$ mark couldn't be surpassed yet. Then a little correction came and brought bitcoin to the price you mentioned above. Investors just need to put some more pressure on their buy orders and they can overcome the 24,000$ wall. Everyone else just have to keep holding. Without short trades, we increase the chances it's going to happen in the next 48 hours, so this month will be a historical one! though 40k level is still far from happening, but we are only one month over this year.
It's true. It's only the first month of the year, what means bitcoin is just beginning.  |
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Bitcoin has to surpass 24,000$ price range yet, what seems the currently resistance level. I'm hopeful it's still possible to happen, so it's going to be huge news to boost investors' optimism, consequently making bitcoin more bullish for the upcoming months.
If a similar tendency to 2013's repeats itself, we are going to see massive gains on the next months. That would be great to recover at least the 40,000$ price level this year, and then half of the way for the next ATH would be already completed.
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So far this prediction has some chances of being right. Bitcoin is probably going to hit 24,000$ today, in a clear evidence of another achievement on this new year, and it's doesn't seem it's going to stop there. From 24,000$ to 30,000$ it's just more 6000$ to go, and that is less than the trajectory in price increasement bitcoin has done since the beginning of 2023, coming from 16,000$ to 24,000$ (+8000$). Hopefully next month bitcoin will be crossing the 30,000$ barrier, if there aren't any severe corrections meanwhile!
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Some basic knowledge is essential and you can't use bitcoin or keep it safe without knowing it. Someone who isn't educated on the basic features of bitcoin and on the risks of crypto industry will inevitably end losing money to scammers by believing in fake investments' opportunities, sending their coins to wrong addresses, losing their personal keys or sharing it with other people, stucking transactions because proper fees weren't set... There are many mistakes newbies can commit, so it's advised they search for information and guidance before acquiring their first satoshis.
It's not that hard, though, and if you are a calm, attentive person you won't have any issues dealing with bitcoin.
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Got to be one of the most misleading headlines I've read recently heh. She didn't win the lottery, she lost all her money gambling. That's really the headline, here, no?
I mean, you lose at poker or black jack or roulette, and you don't mention how many rounds you win before eventually busting (you can even win more hands than lose as people like me usually bust when chasing losing streaks).
Yes, you are right. I just copied the title of the news, but I guess the main point should be the loss, instead of the temporary winnings.
Video of the woman leaving the police department after statement to the authorities. She will wait for her trial out of custody. Highlight for her facial expression apparently smiling, calm, confident and mocking the situation: https://www.youtube.com/watch?v=Fog2p3YP_Rc (from minute 0:24 on) |
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I read several articles about debt which in the end remained at the same goal, namely debt will only harm you. There are several reasons that are quite logical here, one of which is debt which actually makes you stressed. When you have debt, it's hard not to worry about how you're going to make your payments or how you'll keep from taking on more debt to make ends meet. The stress from debt can lead to mild to severe health problems including ulcers, migraines, depression, and even heart attacks. The deeper you get into debt, the more likely it is that you will face health complications. https://www.thebalancemoney.com/reasons-debt-is-bad-960048and I quite agree with what is said here because indeed with us in debt it is clear that our thinking will increase by having to think about how we pay installments every month. and when we are in debt just to invest in bitcoin it is clear that our thinking will branch out even more because apart from us having to think about installments, many of us are also often in doubt about the conditions where the price of bitcoin drops and crashes like now which makes us panic. From this alone, we actually have to be aware that even though we will indeed have an advantage if we are in bitcoin, we also have to look at it from the other side. One of the most important treasures in life is our health. We should never do anything which has as collateral effect damage to health. If the responsability of taking a loan is going to cause stress on that level, this idea has to be completely discouraged and forgotten. When the individual takes the risk of borrowing money to invest in cryptocurrencies, he is putting himself under double risk: besides not being able to repay his debt, he also might end with severe diseases for the rest of his life. |
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Saving bitcoin for your children's future is a fantastic concept, but given the volatility of bitcoin, it will be challenging for parents to hold onto their investments over the long term without being driven to sell when the price is falling or rising.
You can't save without using wisdom, thus if you want to use bitcoin to save for your kids' future, you must do it wisely. Suppose you bought bitcoin when it was inexpensive for your children and sold it back when it was expensive (4 years invested plan of the bearish market and the bull run).
Being responsible towards the unpredictable future of bitcoin, I agree with you. If parents have the opportunity to make a safer investment, while maintaining its profitability against fiat devaluation, they should go for it, instead of bitcoin investment. The issue is that most people don't have a large chunk of money to make such investments, so they are left with the alternatives banks give them, like saving and fixed income accounts. In my opinion none of these are alternatives thinking on the future of children, due to their low interest rates, therefore bitcoin is still a very viable option for our money, because there are good chances it will be much more valuable in a decade or so, besides being possible to invest any sum of money anytime, without any barriers. To set a number, at least 10% of our childrens' savings should be invested in bitcoin, being very conservative. |
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