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Investment will always be in line, the higher the risk, the higher the profit opportunity, and if the type of investment is low risk, such as stocks, property, gold or something else, then don't ever expect to get big profits, for me investing in types that are at high risk are better and have better opportunities to change our lives, if I already have assets of tens of millions of dollars then I will use a low-risk type of investment.
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One of the reasons is that rich people take a lot of risk with investment and eventually if it doesn't work they strive harder for more until it turns out to be a success. The poor just want to be able to cater to the basic needs of life and be good to go.
The key to being rich is to do everything well and optimally, rich people will experience many failures, while a poor person when a business loses money once he will remember that failure, he does not want to improve or use other techniques and always blames circumstances. this is what distinguishes a person can be rich or poor. |
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Bitcoin is a very challenging investment, if we invest bitcoin from selling assets or getting into debt then I guarantee it will be difficult to sleep or be able to eat voraciously, indeed the impact if we love bitcoin too much will make life not too balanced, from now on we have to think realistically and don't think too much about profit, if we can be patient and hold for the long term then we have the opportunity to profit.
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Things that make us optimistic because the price is below $ 20k only happening for about 10 hours, and the volume of transactions occurs almost 2x than usual, and of course this makes the price go up and can return to $ 20k, this further makes our guess that the price will soon skyrocketing again and before that happens we have to buy more.
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What is happening with bitcoin right now certainly makes us more optimistic that the future of bitcoin will be brilliant, yesterday the price dropped below $ 20k but that only happened for about 10 hours, the price returned to $ 20k and now it is getting closer to $ 21k, no no doubt that bitcoin investment is a very good and promising thing.
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Inflation is a classic problem that will continue to happen and be repeated, unfortunately many countries still use traditional methods so that inflation continues to occur, inflation occurs globally because the global financial system is almost the same, namely using paper, if we can go back to the old days when using gold and silver then there will never be inflation again, unfortunately many countries seem to use inflation to keep poverty.
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Regrets of course there are many and related to crypto is when I sold at a cheap price in 2019, I heard about bitcoin since 2015 then started earning from faucetbox, giveaway and contests, the biggest balance I have ever saved was around 12 btc when the price was around $240, but mostly I use it for gambling, cloud mining, HYIP, lottery and so on so it's almost gone, if I hold it until now of course I can buy a luxury house.
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Saving is an important thing to make us survive, especially now that almost everything has to be exchanged for money so without saving it will be difficult for us, of course if we have big money then don't keep everything in the bank, using 30% for investment is the right thing to do the good thing, and the current trend that is profitable is investing in bitcoin or altcoins.
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The cost of living especially if we live in a city is of course very expensive, 3 years ago I lived in a rural area and I could get almost all the vegetables from my neighbours, or plant them in the fields, now to eat vegetables I have to buy and almost everything has to be paid for with money, if I am 3 days late paying the room rent, I will be evicted without pity.
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I think Twitter is indeed a social media that is suitable for creating crypto projects because of the very large number of users, the idea of paying around $8 per month for account verification is wrong in my opinion, if Twitter creates crypto projects that are connected to exchanges it will easily become the top exchanges beat coinbase, binance and others.
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Yes, I think Bitcoin has the internal force of being always ready to rise again at any time. Because bitcoin is not in any restrictive framework for that. Don't forget that we have seen how bitcoin has gone up in price in the past and in fact, seeing the "1 trillion asset" in 2021, just believe and wait patiently, bitcoin will rise again. and will continue to hit new ATH in the future.
There is no doubt that bitcoin has a solid community and is spread all over the world, whatever has been done cannot prevent the progress of bitcoin, the price drop that is happening at this time is normal and soon the price will skyrocket again, what we do is simple, keep going buy and don't panic when you see FUDs or price drop. |
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I think it doesn't matter if the price continues deep for 6 months, bitcoin can provide big profits if we hold it for the long term, it's better to make big profits in 2 years than having to sell at a loss, now is the time to keep buying and if the price has gone up 2x or more then we can sell some, don't be pessimistic about the future of bitcoin.
There is nothing to worry about because every correction is only to make a balance at the price of Bitcoin. Most who are always focused on prices are those who don't have bitcoin and only as observers. Who have bitcoin is always optimistic about market conditions, a few percent changes in price should not make panic. Right, most of those who guess too much or price analysis are observers, they don't have bitcoin, I'm sure investors never panic with any situation, even when the price goes down they have prepared funds to buy more, I'm also waiting for the price to be corrected again to buy , I plan to hold at least after the halving day next year. |
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Of course I hope that March will rise and reach $30k soon, if the market is still like it is at this time of course it will be difficult to rise until the end of the year, I'm sure if there are no cases like LUNA and FTX until June then this year the market will rise again, lots of analysts believe 2023 determines whether bitcoin's future will be bright or dark again in the following year.
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I think the biggest factor influencing bitcoin dumping is the large number of crypto cases such as FTX and LUNA, according to reports FTX lost more than $3 billion and LUNA more than $5 billion, of course this is a big value and creates panic for investors, but from these 2 big cases it should be we can take an important lesson, namely do not store large assets in exchanges.
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Our perspective on money shifts as we get older. From the time we were children until college, we believed that money was used to satisfy our desires. We want to be attractive. We want to buy shoes, clothes, and other items that can make us look better. However, once we begin earning money, we also begin to value it and want to spend it only on essential purchases. As we get older, we gain wisdom. Because my child and family come first, I barely have a budget these days. Additionally, I must save for the future.
Getting older does make a lot of people wiser now I'm about 30 years old and already married and have children, before getting married what I thought about when I had money was to spend it immediately for fun there was no thought of saving, let alone investing, after marriage all the money I made was very I appreciate it and it's not easy to spend money. |
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In generally food stuff are really expensive but it would be more lesser if you make them yourself maybe going to the market to source all cooking items than going to the restaurant to eat. One thing we don't spend much money on is fish and vegetable leaves, pepper.
What you posted are not commonly with the western world most especially the Africans because they believe on their local delicacies.
Buying food is very expensive, yesterday I went to the mall and bought a juice drink worth $ 5, if I buy fruit in the market directly can get 5 kg to make 1 glass of drink in the mall, the best strategy to cut food costs is to buy raw materials then we process it ourselves, especially since my country's current economic condition is still in crisis, making it difficult to find alternative income. |
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It can be said that education is the key to success, many successful people and become the world's richest people always have a good educational background, in developed countries of course almost everyone gets a good education, this is different from my country which is still developing and the cost of education is very expensive and only rich people can, in fact the government provides free education facilities, unfortunately the quality of education in government schools is not good.
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In my opinion the presence of Bitcoin is a good opportunity to increase income, of course it takes accurate data whether useful or helping my country, what I know is that my country is not banned but also not legalized, all transactions must use fiat even for domestic transactions if using foreign currencies then Can be punished, the same as if in the country transacting with Crypto is also prohibited.
In deed, Bitcoin represents a significant opportunity for individuals with basic internet skills and basic knowledge of using apps to generate additional income through activities such as, investing, trading, mining or joining bounty campaigns. despite its ambiguous legal status in many countries including my own, but people are still using it as means of storing value and engaging in trading activities because Bitcoin is an attractive option for those who are looking to expand their income generating opportunities. Until now at my place I still don't understand about bitcoin, when I introduced bitcoin they thought many things but were wrong, for example they said bitcoin is the same as Paypal, the same as multi level marketing, scam and so on, it's really difficult to get people to invest in bitcoin because they don't care and feel that transactions with fiat is the best thing compared to bitcoin. |
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Anyone, of course, wants all costs to be under control, unfortunately there are many temptations to important things that can happen at any time, if we work in an office with a journey of about 1 hour, of course it becomes very torturous, lots of temptations from hunger to wanting to try new foods that look very promising.
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