One key thing that you seem to have overlooked and is a major fact in debt is the repayment rate on that debt. Choosing the right type of debt, or even your ability to access certain types of debt, can be a large factor in whether it is a good form of debt for you. Take mortgages for example, probably the only wise form of long term debt that you should take on if the price is right, it should be much lower than most other loans and the underlying asset might even go up higher than the rate you're paying on it. Depending on what brings you enjoyment in life, a new car loan can sometimes be found at 0% APR from the manufacturer because they are able to sell another vehicle which has a built in profit margin already, however the fact it depreciates quickly would probably make that inadvisable.
The point you mentioned is a good one but do you think it's that easy for an ordinary man to understand.The major problem is that people are unaware about the hidden rule and regulations regarding the debt that banks list on the agreement. People just go with the basics and when something happens off the road then the hidden rules come into play and they react like we don't know about them. You always should look for a person well established in the field of economics and ask him to properly provide a advised plan for you it'll save you from further complications. |
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Borrowing or taking loans is not bad but being a debtor is where the problem lies. What I'm trying to say is that, it's normal to be in need and borrow when you lack, but owing for too long or not being able to clear your debts at the appropriate time, is the problem and can be very embarrassing. Now that's where Debt management comes in, Debt management to my understanding is a process where by one plans strategic means of attending to their debts thereby avoiding numerous debts and be debt free.
Dept Management is something every human is supposed to be aware of so as to help tackle the problems of being a debtor. Left for me, one who is in debt is like a slave and is bound to face being embarrassed if not they don't apply debt management. That's why before one should take loans, there are many things that's need to be considered. However here are the necessary steps people should take to become debt free;
Learn to cut cost: one needs to avoid too much spendings, normalize spendings only on necessary things, either for food bills, craving or wants, your expenses should be focused on your needs and not wants.
Make Budgets: making a bucket list of budgets would aid you to monitor your income and also help you to make right decisions on important expenses.
Avoid spending beyond your budget: this is also another way of debt management because when you spend only what you can afford, it would help you from being a debtor cause you'll be more focused on things you need.
Do not borrow funds to clear debts: doing that automatically makes you acquire more debts and it keeps accumulating because you won't seize to acquire outstanding debts, it would continue to go in cycles until you work hard to earn and become totally free.
Clear debts on time : no one is above being in debt, however one shouldn't settle with being known for a debtor, it brings embarrassment and could cause emotional trauma, therefore one needs to keep tracks of their dept and work on paying them off, beginning high interest debts down to minor ones, needs to be strategic with clearing their debts.
Right choice of investments: investmenting on the right business is just like saving for the future, cause you'll always have a financial support to fall back to, and also avoid taking loans, therefore the right choice of business would guarantee you have a safe heaven rely on instead of taking loans.
Make wise spendings: Consider your financial strength before purchasing items, purchase only items that are of needs not the ones that don't match your financial strength.
Another way of debt management I could think of is to learn to make proper financial decisions, one should educate themselves financially about investments and how to plan financially to be debt free.
In Conclusion
The concept of debt management isn’t talked about often, this is why most people dwell so deeply in debt and they can’t afford to pay it off. In worst cases where the debtor can’t pay back, they tend to take their life, giving up
One key thing that you seem to have overlooked and is a major fact in debt is the repayment rate on that debt. Choosing the right type of debt, or even your ability to access certain types of debt, can be a large factor in whether it is a good form of debt for you. Take mortgages for example, probably the only wise form of long term debt that you should take on if the price is right, it should be much lower than most other loans and the underlying asset might even go up higher than the rate you're paying on it. Depending on what brings you enjoyment in life, a new car loan can sometimes be found at 0% APR from the manufacturer because they are able to sell another vehicle which has a built in profit margin already, however the fact it depreciates quickly would probably make that inadvisable.
The point you mentioned is a good one but do you think it's that easy for an ordinary man to understand.The major problem is that people are unaware about the hidden rule and regulations regarding the debt that banks list on the agreement. People just go with the basics and when something happens off the road then the hidden rules come into play and they react like we don't know about them. You always should look for a person well established in the field of economics and ask him to properly provide a advised plan for you it'll save you from further complications. |
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As far as I know, this is that you can lock your amount for periods of time tunure. For example If you want to lock your savings for a year you can lock it but I don't think so it's a better option to lock it under the condition that no matter what happens taking your savings out is prohibited. It can lead to some serious complications.
You can sign with the bank that under these conditions allow me to take the money out e-g under severe medical conditions etc. The other way is that you can limit your transactions amount for a month or even for a year that this much amount can only be credited out of the account. Thats also a very good approach to Secure your savings.
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Look a country is not like a hose that can be reformed in days or even months. Like you're taking the reforms he made in economical sectors are good but at what costs?
He used the technique to compromise the currency value internationally and to bring down the prices of goods. This will cancel out the effect to some extent of both the reforms done. But the public isn't concerned much about the currency value rather what they care about more is inflation and economical conditions. That's why he had focused more on these two options.
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Yeah ETF is very important for ETH to get approved. As far as wiping out of demand is considered nowadays people are looking at BTC and then they invest into the altcoins alternatively. ETH will detach itself from the point of view of people that they were BTC and then invest into ETH once the ETF gets approved until then it will be attached to BTC.
I think they are trying to achieve that mark and people are considering ETH the best alternative to invest rather than BTC due to its high price. ETH is very popular and successful among the small and daily traders who trace daily and after getting a certain amount of profits they leave the market.
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There are many memecoins what already exist in crypto market and new memecoins are keep launching in the market. Most of these are scam, yesterday i saw a coin that pumped 32000% and today it dumped from pick and lost 99% value. but some memecoins made people millionaires and Still available in market. I heard About Dogwifhat (WIF) what makes people millionaire who invested some dollars with it and available on binance. What do you think about rest of memecoin? Which one has possibility to perform best in 2024.
Doge, Shiba Inu, Pepe, Meme, Bonk, Floki, WIF, Grok, or any other name
Memecoins have a low chance of going up so it's hard to trust them. But among the coins you mentioned, Doge, Shiba Inu seems a bit better to me. The price of these coins has increased a little, so no one knows the exact news of how much it will go up, so it is thought to do market research. But current market scenario says they are the one outperforming the rest of the industry. Meme coins have become speculative asset that attract not only small investors but also large ones who take risk to make a fortune. That is the reason we saw some people don't hesitate to invest millions of dollars in meme coin. Why are they risking their money when they have a low chance of going up? Meme projects are evolving, and i saw some of the meme projects using gamefi methods to engage with their community. I don't agree with you that people just invest millions of dollars in meme coins and they don't care about their investments. These type of investments are only possible either with the collaboration with the project owners or the big investors themselves collaborate to invest in a project to increase its value. This strategy attracts many newbies and they invest into the project.The hype created by this strategy allows investors to take the profits out and in this way they make good and healthy profits. |
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People prefer already established coins because they feel safe to invest in them. Nowadays due to inflation people are very much worried about their investments. They want less but guaranteed profits that's why they prefer to Invest in already trusted altcoins.
People who have some cents spared and they are willing to take a bet, they prefer new coins mostly. They don't care about the risk factor to that extent. Some projects give them good profits and if not they take out their investments with a small loss.
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What I think of these type of projects is that it is kor beneficial to Invest in them in the presale period.People gets attracted to these gaming and AI projects and invest in them but as soon as the price rises after the launch of project in couple of weeks people get the profits and then look forward for another project. Taking investments out makes the progress of the project slower then.
I think it's a better strategy as long as you're an investor to invest before launch and sale right after you think the profit is worthy enough. Don't get into the greed of more and more.
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There are high chances that this coin might continue its uptrend as we can see that from the previous year it has started off from 7$ and now it's 19$ and some cents. The thing to look at is that its uptrend is never dipped much and it is continuing to rise.
Another point to note here is that the price predictors say that it'll stay right at the price or it'll only pump up to 1$ or 2$. But some hope for its good performance like the previous year. Nobody is thinking that it'll not perform so that's a positive point. We should invest in it as it's not that much risky and hope for the best.
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There are high chances that chainlink coin might continue its uptrend as we can see that from the previous year it has started off from 7$ and now it's 19$ and some cents. The thing to look at is that its uptrend is never dipped much and it is continuing to rise.
Another point to note here is that the price predictors say that it'll stay right at the price or it'll only pump up to 1$ or 2$. But some hope for its good performance like the previous year. Nobody is thinking that it'll not perform so that's a positive point. We should invest in it as it's not that much risky and hope for the best.
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It was one of, if not the worst financial crimes in recent memory. He deserves to be in jail for a long time so I’m glad he was given a long sentence. I hope he doesn’t get out early though, his actions ruined many peoples lives, the total disregard for other peoples money deserves a long sentence. FTX were doing well, they did not need to turn rogue, the whole crypto space suffered due to SBF & cronies.
Everyone hopes for his long sentence especially the ones who have suffered mentally and financially after the scam. It's very important that the government should sentence him and also try to recover the assets of people lost in this scam. What we need to do is that we should put pressure on the government by some means either by social media like Twitter etc. So that people get to know about it. The problem is that we stay quiet and forget after some time. These types of people due to the power of money get bailed. We should keep talking. |
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Hello everyone the new project Ethena just announced their token launch and airdrop for users who are supplied stablecoin on their platform. All details were indicated on their announcement. https://mirror.xyz/0xF99d0E4E3435cc9C9868D1C6274DfaB3e2721341/uCBp9VeuLWs-ul1b6AOUAoMg5HBB_iizMIi-11N6nT8Ive personally farm this project using some of my stables since it has a lot of top tier backer including Binance and OKX and some notable people. Its just same with some native stable with a good protocol, sounds like terra but the team is good to prove that they can manage a system like ethena. They will release their airdrop on April 2 including tge. Ethena is a well looking project as it is claiming an airdrop of 750 million and this is not a small amount.It has taken a step to collaborate with the decentralized banking system. It is claiming to give it's user the airdrop with 6 weeks for the top ones and the other ones after a couple of months. In my opinion we should try at least with the hope that it will be distributed because financing projects usually pay well and it's very important to take part in these type of air drops. Who knows which project will come true and if it will there will be a good amount of benefit free of cost. |
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I think that's the perfect age for someone to start as before that you're not mature enough to make such bold decisions so we can't criticize the banking system but the plus point BTC has is that you can start it at any time. But mostly I have seen boys with less age than the maturity age experience a lot of scams in the crypto world. Their mind is at the initial stages so it gets easily trapped.
I think it's better to teach children's about the Crypto and how it works rather than making them to come in practically to the market.Yes there are rare cases in which you become mature before age but that's very rare and mostly you need time for such level if maturity to make some good investments
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Welcome brother I hope you'll start your trading journey side by side. These types of forums are the best places where you can freely share your investing plans and people will try their best to guide you through whether it's good in their opinion or not. Then you can filter out their opinions to build your own opinion about the investment.
You should also learn crypto side wise and try to share your opinions too in every forum like speculations, Bitcoins discussion, trading discussions etc. This will increase your knowledge as well as your desire to learn more and more.
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I am not selling my Bitcoin holdings in the current market, I plan to hold Bitcoin for the long term. However, when I invested in bitcoins I am very profitable according to the current market, where even after the recent bitcoin ATH, I had no urge to withdraw my bitcoins. Next month Bitcoin will be halved yet Bitcoin holds its value. It is difficult to analyze whether the price will increase before the Bitcoin halving but I look forward to the bull run after the halving, when the price of Bitcoin will exceed $100k.
That's a good strategy you are working on but I have a different opinion that I want to share with you. When BTC reached its highest ever why didn't you sell the coins and take out the profits? Even though you knew the market will dump down and you will again get a chance to invest in BTC. It was more beneficial if you would have sold the coins at the highest peak. Then you should have waited for a dip or the halving when it occurs you can again invest into BTC and have some more healthy profits on your investments. What's your opinion about it? |
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A master piece of negligence. How can you connect to a Third party not knowing what impact it will have on your crypto wallet or assets. Now he is saying that he is done with crypto it's not at all the fault of the wallet owners or the crypto space It's 100% the victim's fault. You have to be solely responsible for every piece of act you do on your phone.
The best way to ignore these kinds of mishaps is to have a spare phone in which you don't do such types of things. That phone will only be used for trading purposes not for a single thing out of trading. Especially if you're investing that much of the amount you need to go for a spare phone it's very important.
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Yeah that's true and I have seen a number of people getting their assets lost due to the negligence and too much trust on others shoulders. Basically the reason behind people doing this type of shit is that they are either the course sellers who are very good at marketing and after learning some basics of the crypto market they start to sell their course or skills to the investors.
I have encountered these kinds of people although I got rid of them at times but still I remember them due to their outstanding convincing skills. They either say that we will work on partnership and you'll give me a percentage of your profits or they charge you a fee. In both cases they run away after you fail or lose assets. So be aware of these kinds of scammers.
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there are many airdrop projects currently using the SOLANA network, what do you think about the price of SOLANA in the future, will it touch ATH or cross ATH several times?
SOL price movements are currently quite fast. even pumps and dumps that occur several times are enough to provide profits for traders in a short time. of course, there are transaction factors from airdrop tokens and meme tokens which are currently widely available on the Solana network. the more transactions that occur, the better it will be for the price of SOL in the market. The ecosystem that Solana has built is quite good, even though there have been several problems in the past. when transaction congestion ever occurs on the Solana network. but they are still an alternative with their fast and cheap network. The meme token has been helping to push the price of Solana a lot. Many people are also using it to get instant money in a short time, which is also helping a lot. In addition, some staking platforms that use Solana have been appearing, and this is also really helpful for the coin to push its price to reach the old price. Those who had invested a lot when the price of Solana was around 10 bucks have been getting like 20x profits, which is amazing. This is also the main reason why the price of solana can go up drastically. Solana has been pumped so hard and this is also giving direct impact to the price of solana. The tokens were also going up drastically. It's also giving a lot of solana holders and traders momentum to doubled their investment in a short time. That's a factor that is most ignored while people talk about the price predictions of SOL. Coins like Soldoge,Solama,Smog,moonlana etc are related to the SoL network. These meme coins help Sol slot to gain the required attention, investment and popularity as well. Although sol have some very good fundamentals. The project is working on the development it needs to shine in the market but these meme coins are also a part of its price hype. People who want to invest in SOL must note that once investors will put out money from these meme coins after gaining enough profit SOl will not perform like it's performing now unless and until they launch new ones or do some marketing to attract more investors. |
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I think that the right approach is to do some technical research on yourself. There must be some hidden things in yourself that you love to do but due to the economic pressure you're avoiding it because in your brain you think it's just wasting my time and it'll not fetch money for me. There is almost every skill that everyone has inside it. He / she loves to do it but due to low scope or difficulties in job search people prefer to go for easy options and then suffer a lot
Just spend some time in finding some basic skills that you love to do and then cash them by spending some time and in learning how to use that particular set of skills to get money
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Sadly it's the truth that you just mentioned. In my opinion risk is something that can give you the fastest results in terms of financial growth than any other strategy. Taking risks ultimately lower the amount of hard work and planning while it multiplies your chances of instant richness but the point here is when you should take risks?
Risk should be taken when you have enough money that you can live an ordinary and sustainable life with your family. The extra money that you can spend on trips and enjoyment you can use it to take calculative risks in different sectors. Who knows that some bow might hit the right target and this will change your life.
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