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321  Economy / Economics / Re: Inflation overpowers the value of money on: November 08, 2023, 09:21:10 AM
Inflation, I agree, is a serious issue. It's not just a number that ticks up; it's a real pain for people, especially the poor. When prices go up, the cost of living skyrockets, and that's a problem. Goods and services aren't just commodities; they're necessities, and when they become more expensive, spending dros. It's basic economics. The poor, who are already struggling, find themselves in an even tighter spot. They can't afford the basics, and that's not just bad; it's unacceptable
If inflation occurs, it is not only poor people who will experience difficulties in meeting their living needs, those with middle class incomes will also have difficulty meeting their needs, because if inflation occurs of course the price of goods will be more expensive and people will have to rearrange their needs. in order to meet basic needs and also have to limit spending the money they have on things they don't really need.

You summarized the situation very nicely. I agree with what you say, especially about increasing inequality. Increasing inflation also brings about a sharp increase in inequality between classes within the population. These classes are the rich, the middle class and the poor. The increase in the difference between these classes also disrupts the basic way of life of the society.

One of the most important things that the state should intervene in is to prevent the gap between these classes from widening. Societies have a certain way of life, and high inflation negatively affects this way of life.
With increasing inflation, there will of course be inequality in society because people with low incomes will find it more difficult to meet their basic needs because the price of basic needs will be more expensive when inflation occurs. Every society certainly has its own way of dealing with inflation, such as reducing their spending on things that they don't need it.
322  Economy / Economics / Re: Are You Sticking to Your Plan or Has Life Made You Pause or Modify It? on: November 08, 2023, 08:21:25 AM
This is the reason why it's important to always have some emergency funds kept aside for such situations apart from your investments in Bitcoin and other financial markets where you know you might not be able to sell your assets with profit when you require funds but you might be compelled to do that since you need money. Since you will have some emergency funds saved for such situations, you will have the option to use those funds instead of selling your assets at a loss or before the price that you originally planned to sell them for.

When you are saving for your investments, try to save some money for emergencies as well and keep it separate and keep it fiat so that you don't have to worry about selling and using them no matter how the condition of the market is, and you wouldn't have to sell your Bitcoin holdings for the sake of paying money for the emergency you are facing.
Of course it is very important to prepare funds for emergency needs first before we start investing because if we do not prepare in advance for emergency fund needs then the investment we make will be disrupted if we experience emergency needs and we have to sell before time and also we will not get profit from making the investment.

When we have prepared funds for unexpected needs, of course when we make an investment and experience emergency needs, of course we will not experience difficulties regarding this because we have prepared it and it also does not interfere with the investment we make so that we will get a profit from the investment we make.
323  Economy / Economics / Re: "I saw my salary on a bottle of perfume today" on: November 08, 2023, 04:31:49 AM
You can literally see a lot of things that are pricey and similar to the bare minimum wage salary of an average person. The thing is if we compare the person who buys expensive perfumes to people who's worth their salary to the perfume, for sure they can afford it as they might have investments and savings because if they would rely on their salary as well, they might not buy luxurious products just to look good. That's how powerful financial freedom is, that's why it is much better to be disciplined and focused on investment and savings first because you will be the one who's gonna benefit in the end. If your salary is not enough for investment cause you would need to provide all your needs, I think alternate money sources would do good, as long as its legal cause we wouldn't tolerate illegal activities.
Every person who has an average minimum wage income will certainly manage the expenses he needs well, because if he cannot manage them well and prefers to use more expensive goods then his income will certainly not be enough to meet his needs. If we choose to focus on investing, of course we will be able to achieve the financial freedom that we and we want and if we can't invest yet, it would be better for us to save first and resist the desire for things we don't need in order to be able to save and invest.
324  Bitcoin / Bitcoin Discussion / Re: Is It Late To Invest In Bitcoin? on: November 08, 2023, 03:56:02 AM
It is well said that making bitcoin Investment does not have a specific or demand, we can set in at anytime of our convenience, Invest and hodl, but before then, we need to understand everything that contains doing this in other to have a perfect result, we can make Investment at any time, try to just know the perfect target for accumulation when the market is dip and make an investment, aside this, we can also Invest at anytime but when we are ready to hodl.
It is important to be able to understand well before investing using Bitcoin and we also have to understand how to gain profits and also understand the possible risks of loss in investing in Bitcoin in order to avoid this. You are right, everyone who understands it well can of course invest whenever they want, and of course they use a strategy in collecting it to be able to get a profit from the investment they make.
325  Bitcoin / Bitcoin Discussion / Re: How do you cope with those around you not believing in you for choosing Bitcoin? on: November 08, 2023, 02:47:11 AM
I have never cared about what other people think about what I am doing because they are not people who care or worry about my life. I'm the one in charge of my life so I have no reason to worry about what they think of me or if they say bad things about me. For me, I like to talk by results rather than explaining and bad-mouthing each other. My economics have been far superior to theirs since I invested in bitcoin, so why should I listen to what they say? They are just jealous of my success.
We don't need to think about what other people think about what we do, you are right, we will be responsible for what we have done and we don't have to worry about what other people think about us. I agree with you, it would be better for us to talk according to the results we get compared to arguing with people who blame what we have done, but in my opinion those who blame investment in Bitcoin of course they don't understand Bitcoin well and they can't get it. profit from investing in Bitcoin and we have been able to make a profit from investing in Bitcoin and can also make a profit from the investment we make, so we don't need to think about what they say about what they don't understand well.
326  Economy / Speculation / Re: Buying at 35k? on: November 07, 2023, 04:09:00 AM
It also depends on when you want to make a profit, if you want to buy right now and do not worry about when you are going to make a profit as long as the outlook for the future is good, then you are coming in at the right time, you should buy right now. But, if you are looking to buy today and sell tomorrow kind of profit then I do not think that will be all possible, there could be some sort of differences there and maybe the result could be a little bit different as well.

So, you need to make sure that you know what you are doing and you should be trying to avoid it as much as you possibly could, otherwise it is not going to really end up all that well for you. I personally believe the best you can do would be trying to get some more right now and to keep hold of that for some more months. That would allow you to have a bit of bitcoin when the halving happens and then the rest will be pure bull run just like after any other halving we had before.
Yes, it really depends on when we want a profit from the investment we make, if we buy it at a high price and can't hold it for a long period of time of course we won't be able to get a profit from the investment we make, but if we can buy with a low price and can also hold it for a long period of time of course we will be able to get a profit from the investment we make, so there is no harm in buying at any price if we can hold it for a long period of time of course we will get a profit from the investment the.

You are right, we have to be responsible for the decisions we make and don't make decisions without having a good understanding, collecting more according to our abilities will certainly be better and we also have to be able to hold it until the profit we want.
327  Economy / Economics / Re: Would you rather start/grow a business from scratch or buy an existing business? on: November 07, 2023, 03:35:45 AM
Starting a business from scratch causes dealing with many problems from the very beginning. Taking over an existing business comes with its advantages. What we need to pay attention to is why are they selling the business we are going to buy? If the answer to this is sufficient for you, then taking over is a logical thing to do.

Instead of doing many of the things necessary to ensure that the business makes a profit while trying to establish a business from scratch, when we take over a business, these necessary things are already provided. There are many details and you should consider every possibility before making this decision.
If you are a professional businessman, you will choose the option of taking over a business because you have analyzed strategies to grow the business bigger, but you must have large finances to buy a trademark and buy all the details from the previous business owner.

But I am not interested in taking over a business even though I have business skills and financial support, but I will start a new business to increase entrepreneurship to build a business to achieve success.
For those who choose to develop a business by buying a business, of course they must have large capital and good skills in managing a business and they must also know well whether the business they are buying is in a state of profit or loss. Starting a business from the first will certainly be very satisfying for us because the business idea is purely from us and it will be easy to run it because we have prepared everything from the start and I am sure we will easily be able to carry it out well and when we have achieved Success in the business we build is certainly very satisfying for us.
328  Economy / Economics / Re: What is the right age for financial stability? on: November 07, 2023, 03:14:01 AM
meanwhile most of the time people at 18 when they are saving money its for buying goods not for planning financial stability in the future, they are just reaching adulthood and that exactly when they just beginning to think of how their life gonna be turning out therefore pursuing career, financial stability comes later.
i think its common for people reaching financial stability in the age of 35 or more, those that reached financial stability younger definitely an outlier.
though its not something bad, as you said, being earlier having financial stability is definitely better and definitely the thing that we strive for.
Yes, the habit of 18 year old people is to save just to get the things they want and after they get them of course they very rarely save back the money they have, they prefer to use the money only for their pleasure.
Indeed, there is nothing wrong with having financial stability at the age of 35 years and we can certainly manage the income we have well, and if we achieve financial stability at the age of 25 it is not certain that we will be able to manage the income we have well, because there are some who I see that those who are still 25 years old when they have the income they have are spending it on needs they don't need even though they have achieved good financial stability and this is not a good thing for their finances.
329  Economy / Economics / Re: New business idea. on: November 07, 2023, 02:51:17 AM
We can still use rudimentary equipment to create peanut oil, but the quality will certainly not be equal to facilities using more advanced equipment. My family also makes peanut oil but only for family use, not for business, and it can be said that it is very good for health. In terms of business, it is like any other business idea, there is no bad business idea. The important thing is how we execute and our plan, whether it is profitable or not is completely up to us.
The quality produced with simple tools will certainly be different from the results produced with sophisticated tools, but in my opinion, if we only produce it for personal needs, of course we will do it well, even though the results are different, it will certainly be more satisfying because we can take care of it ourselves at the moment of course this processing will really satisfy us.

You are right, everyone who knows how to run their business well will of course get good results from the business they run, but if we don't understand well the business we run, it's better to learn first well so we don't get into trouble while running the business.
330  Bitcoin / Bitcoin Discussion / Re: Bitcoin kwoledge is not complete without bitcoin investment on: November 07, 2023, 02:23:36 AM
Yeah, there is no way you can teach someone what you don't practice,  this is a very important point to note before venturing into Bitcoin or any other investments,  this way you have a good understanding of their investment in the long run,  because at some point,  you as the teacher have to get a result to show your mentees...

Bitcoin has a unique advantage,  and that is, the ability for anyone to hold Bitcoin easily and fast,  with a secured wallet balance,  or that,  you can first buy Bitcoin and hold it in your wallet then after go after the knowledge process.
If we don't have results from the investments we make then the people we will teach will not easily believe what we teach, so it would be better for us not to teach other people before we have good knowledge about the investments we make and have also had results from them. the investment we make, you are right, everyone can of course learn Bitcoin because if we have capital then we can buy and store it and must store it well in the wallet you use.
331  Bitcoin / Bitcoin Discussion / Re: Is it the right time to invest in Bitcoin? on: November 05, 2023, 03:13:35 PM
For me any time is an opportunity to make a purchase in bitcoin because usually I share different patterns for investment. For example, when the price drops I will try to enter the market and buy some percentage of bitcoin to save according to the capital I have. If prices rise, perhaps we can use the DCA method and pattern to collect it regularly every month and the percentage can be adjusted according to our financial capabilities.

Perhaps the most appropriate answer to answer the question "when is the ideal time to buy is when you have the money". But everyone must have a plan if they think Bitcoin is one of the best investments, therefore this plan can bring them to the stage of being able to enter the market. You know when to enter the market if you can see the potential and currently the price of bitcoin is showing a positive trend again even though it is experiencing a slight correction.
I am very interested in the pattern you use in collecting Bitcoin, because it is very important to be able to apply a strategy in collecting Bitcoin to be able to profit from the investment we make and buying more when there is a decline will certainly allow us to get more profit than when the price is higher, but we have to buy it with money that we don't use for other purposes and if the price increases but still buying it with the DCA strategy is also better and the most important thing is that in collecting it we do it consistently so we can get a profit from the investment we make.

Yes, you are right, if someone knows that investing in Bitcoin can give them profits, of course they will invest using Bitcoin, and can also know when is the right time to buy it, of course we will get more profits.
332  Bitcoin / Bitcoin Discussion / Re: Do not share your bitcoin holdings with everyone on: November 03, 2023, 02:21:57 PM
I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.
It's good to tell people about bitcoin but it's another thing to show people your bitcoin holding. Flaunting your wealth or showing people your Bitcoin holding is like cutting yourself with a knife and attracting sharks to yourself. The bible says that the heart of a man is deliberately wicked, who can know it.

So anyone can harm you, even your closed friend or relative can screw you up and steal your funds. I'm very discreet with my crypto dealings and holdings in other not to attracting unnecessary attention and putting myself in trouble.
Showing off Bitcoin ownership to other people will certainly put us in an unsafe condition, it is very possible that people who know we have Bitcoin will have evil intentions with the assets we own, so it would be better for us to keep it with no one knowing and that could make us safer in holding Bitcoin. Indeed, no one can know what is in someone's heart even if they are very close to that person. We just need to be careful with our Bitcoin ownership so as not to attract the attention of people who have evil intentions towards us.
333  Other / Beginners & Help / Re: [Merit] Share your best posts/threads with Fillippone to be merit assessed on: November 03, 2023, 01:59:04 PM
Round:4

Re: What does being rich mean in your perspective?
Category: Good Reply / Opinion
Section: Economics

Re: Is it possible to build a career with bitcoin?
Category: Good reply
Section: Bitcoin Discussion

Re: Invest in bitcoin and forget the investment
Category: Opinion
Section: Bitcoin Discussion

Re: You can't meet all your needs/desires at once, even if you spend all your salary
Category: Opinion and Answer
Section:  Economics

Re: Buy the DIP, and HODL!?
Category: Opinion & Suggestion
Section: Speculation
334  Economy / Trading Discussion / Re: Trading can ruin you on: November 03, 2023, 01:09:46 PM
Therefore, we should not be immediately tempted to make easy money from trading. so the first thing that needs to be considered is knowledge and after that we can seek experience from real trading, and after that I am sure we will get improvements in trading, so don't rush, or we will fall into gambling.
Most beginners think trading is very easy and it is something they can start up without having knowledge,  maybe as they continue to do trading they will know better about trading but it is unfortunate that trading does not work this way. Trading is a skill which people must learn to get it right, their are things in trading that needs to be understood and without learning this skill it will be difficult to get it right in trading. Trading is not like gambling which people can profit by luck but profit in trading is gotten by understanding and experience that is why their is no need for beginners to rush trading.  It can really ruins one life when their is no proper understanding to go about it.
Those who think trading is easy will of course experience failure when they start trading because they do it only based on their assumptions and not based on the knowledge they have. Before starting to trade, of course we must have knowledge about the trade we are going to do because without a good understanding of trading, of course the trade we make will experience losses from the trade we make. You are right, if we don't understand trading well it will certainly make us lose the money we have in trading.
335  Bitcoin / Bitcoin Discussion / Re: Bitcoin kwoledge is not complete without bitcoin investment on: November 02, 2023, 04:31:47 AM
If we have a lot of weakness towards money then it will be a difficult thing for us to invest. Whenever we want to invest, our mind will stop us from investing. Investing is easy for those who are brave from an early age and don't think too much about making decisions and for whom money is not an area of major weakness. Investing in Bitcoin can be the best investment medium for everyone as it gives financial freedom to everyone.
If we lack finances, of course we won't be able to make any investments because if we want to invest, we certainly need money to be able to do it. Investing from an early age is indeed a good thing to prepare us for financial matters in the future, if we don't make any investments it will certainly cause us financial difficulties in the future. If we invest in Bitcoin then this is a very good choice for now because we can collect it with whatever amount we are able to invest and if we do it consistently we will of course be able to enjoy profits in the future.
336  Economy / Trading Discussion / Re: Trading is risky, be conscious on: November 02, 2023, 03:41:53 AM
Only in this way they can get to the coin's perspective and they can get what they want also it minimizes the chances of loss in the trader for the trader. Also, he has more knowledge about that coin to control the way of its trading.
The only thing that can minimize a trader's loss is money management. Using stop-loss or other methods to minimize the loss might not work for everyone as those tools need to be used correctly. If a trader uses the stop loss at the wrong place token price can hit the stop loss and bounce back. Money management makes trading more efficient.
It is important for everyone who trades to manage their finances well so that they can know when it is a good time to stop and take advantage of the trades they make, because if they cannot do this there is a possibility that we will miss the profits we have made so that we experience losses. And of course they have to understand well what they are doing so they don't make mistakes in implementing the strategies they use and we also have to be careful with market conditions.
337  Economy / Trading Discussion / Re: Know When to Stop. Lesson for Everyone, Particularly Investors on: November 02, 2023, 03:21:54 AM
Or rather, what you need to do is not put your money into things that will lose you money, such as gambling and trading. If you invest what you spend on those two activities in bitcoin in the long term you will be much better off, but of course you won't feel that rush feeling that gets you hooked. After so many threads about how to control your emotions both here and in the gambling section wewill have to think that it is better not to fall into those emotions and even less while gambling our money away.
It's a wrong choice to use our money on things we don't understand well, causing us to lose that money. Investing in Bitcoin in the long term will certainly be able to gain profits if we have a good strategy in collecting it and also we must be able to hold it for a long period of time to be able to profit from the investment we make. You are right, emotions will indeed be a bad thing in any case if we cannot control them well, so we really need to be able to control them so that they don't have a bad impact on us.
338  Economy / Trading Discussion / Re: The most risky adventure you must avoid on: November 02, 2023, 02:36:21 AM
This is why its really that important that on the time that  you do make some errors or mistake then try out to make yourself that be able to learn from those things so that in next time then you wont really be that finding yourself to be in huge trouble which we know that it isnt something that we do really like to happen in our lives.
Risk and capital management is very important. Risk always exists in all areas, aspects in life and we can not exclude risk in our life, from any decision. However if we don't take risk into consideration for our capital management and don't have proper capital allocation for our decisions, we can do something like Using all capital for a single decision. At the end, if that single decision ends with a failure, we will lose most or all capital and with almost empty hands left after that, how we can learn from lessons and restart?

Quote
Each person does have their own takings and decisions on how things should really be that handled knowing on different life situations and conditions on which we know that it would really
Each person has very different and unique taste of risk acceptance, wealth target, greediness and more factors but to continue living well after any decision, we must have plan B or more and have savings to live with it in worst scenario like lose jobs, unemployed, investment failed.
There needs to be consideration before choosing a decision that carries the risk of losing the capital we have, we must really understand well the decision we take and it would also be better for us to have another plan if the decision we make is not in accordance with what we expected. If we experience failure in managing the capital we have, we have to fix it to be able to get a profit from the capital we have spent.

To achieve the targets that have been set, everyone does it in their own way, but we have to be able to control it so that what we do doesn't give bad results from what we do. Yes, you are right, having savings will certainly make it easier for us to avoid scenarios that we don't want and also we can still fix them after failures that we experience with the savings we have.
339  Economy / Speculation / Re: Buy the DIP, and HODL! on: November 02, 2023, 01:09:18 AM
the fact that one can buy bitcoin with as low as $5 shows to a very large extent how all inclusive bitcoin is. This goes to show that bitcoin is for the rich, the average and for those that don't even have that much cash. It depends more on your knowledge and how much prospect you see in it that motivates you to accumulate Bitcoin.
Everyone can collect Bitcoin in whatever amount they want and they also have to understand how to collect it in order to get a profit from the investment they make. Those who have a good understanding of how to gain profits from Bitcoin will certainly try to get it with the various strategies they use.

With the little knowledge one has, he/she can know how to apply the DCA method while accumulating Bitcoin. Also, with this knowledge, one can still know how to manage risk in the investment. With little knowledge about Bitcoin, one can practice any affordable amount of which he/she can afford weekly for proper understanding about some of the most important parts about Bitcoin investment.
Knowledge about the risks of investing in Bitcoin is very important so that we can avoid the possible risks that we will face in investing. If we just understand Bitcoin, it is very suitable for applying the DCA method, we can collect it in a consistent amount and we can also find out more about Bitcoin to be able to profit from the investment we make.
340  Economy / Economics / Re: Bitcoin: The smartest investment choice. on: November 01, 2023, 02:03:22 PM
When I first learned about Bitcoin I didn't care as much as I care about Bitcoin at the moment. Many may think of Bitcoin as just a means of investment. But if it is planned for a long time then the interest of the investors will increase. I was quite attractive on gold before learning about bitcoin. But I realize long term bitcoin will be a more valuable asset than gold. No specific supply is known in case of gold. But Bitcoin has limited supply. After 21 million bitcoins no more bitcoins will be created. It will be certainly regarded as an valuable asset.
Basically invest in what they understand, there is no harm in investing anywhere. However, bitcoin investment is the best choice for the future and bitcoin assets are also easy to carry anywhere, even if there is a war, it is easier to store them compared to other investments. In this technological era, the investment choice is Bitcoin.

It's not surprising that many people still invest the old way, namely investing in gold and land. Maybe because they don't understand technology so they can't secure bitcoin. If there is a war, they choose to join the war to protect their assets.
In living this life, of course everyone has to make investments if they really want their life to be better than before, because without making investments, of course we will have difficulty enjoying our old age when we are no longer able to do the work that we are capable of doing. You are right. , if we choose to invest in Bitcoin, of course we will be able to maintain it easily if we understand it well.

Choosing to invest in Bitcoin is the right choice because it can make it easier for us to own it or sell it and for those who are still investing in gold and land, I think they don't understand technological developments well so they don't have the courage to make investments like this. Bitcoins.
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