there are many people investing in bitcoin, some are profitable and some are losing. and I believe bitcoin has a big advantage. The question is whether when you benefit from bitcoin, you can help your economy and your family?
as my side income, bitcoin helps my finances. The cryptocurrency ecosystem is truly amazing, my life changed 180%, and I have personally benefited greatly from it so I will continue to be loyal to Bitcoin. I hope the ecosystem of cryptocurrency can help the economy of many families in my country in the future, this is truly an extraordinary thing. |
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If bitcoin crash today, what will be your fate? Poor or rich. Most people on the platform have submitted all their life savings to bitcoin investment. There was once a man in my area who sold his house to invest in a local platform called BARAZAR in 4 months missive the so-called BARAZAR was shoot down and now he does not have a cottage. So I ask again if bitcoin crashed today what will be your description rich or poor?
Bitcoin is not a ponzi scheme, bitcoin is not multi-level marketing so that's why to worry. I currently have 60% investment savings in bitcoin and I'm not worried about that because I see a very good history of bitcoin prices and also that no one can stop it, including the government, so I'm sure about the long term of bitcoin. |
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Believing that playing on a different casino will increase your chances of winning is nothing but another gambler's fallacy. This would be true only if games on the first casino are rigged. If the games are fair (would be better if they are provably fair) and the results are randomly generated then changing the platform will not change the odds of winning (unless they have different house edges/rtp in which case you have to opt for the one with the lower HE) I don't think this applies to everyone, but I have personally tried it and the results were beyond expectations, I also have accounts on many gambling sites and when my luck is not good (when playing slots or dice) then I will try to play on other gambling sites and the results are satisfactory, a few weeks ago I also did that again and when playing on coinplay, I got good results. |
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Do you think social media is now becoming more a place for business than socializing, Could it be as a result of digitalization and things moving online or more people now starting business online because of need to somehow generate income or another source of income for self to survive the economic situations which is becoming tougher?
I have considered social media such as Instagram, Facebook and TikTok as promotional media for my merchandise, So far, no one has blamed me for that because many of my family and relatives buy what I sell through my social media accounts. The emergence of social media is really very helpful, especially for traders who don't have a budget for marketing. |
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Most of us are born in a normal family. By normal, I mean we are nurtured and raised by healthy parents and they are still active when we graduate from college and start working. In many countries where economy has been hit by the COVID and affliated incidents, life has been harder than before and many have to choose to live with or at least ask help from their parents. From parents pespective, I believe as long as they are able to help, most likely they will be willing to help, because they love you. From children's perspective, I think this may solve some realistic problems in the short term, but in the long run, this will damage the creativity and motivation to face life challenges and harm the ability to manage finances, especially if you are a man. I say this because a lot of the friends from my generation are struggling financially now because they have been dependent on their parents and even after getting married and establishing a new family, they took a regular amount of money from their parents to pay off mortgages or cover other expenses. They've never thought about having another stream of income or one day their parents may not be making money and instead need money and care from them. A lof of hidden problems are there but just ignored. In my opinion, the earlier you become independent financially, the more likely you will be living a comfortable life with your finances. Better to know this and be prepared, if you are young.
what you are doing is very true, I really like it, why in the past were many rich people created, it was because they had the courage to take risks at a young age to live independently and even build their own business. I am currently overseas, I know it is difficult but I realize that it is impossible for me to continue to depend on my parents forever, they have been good enough to raise me, don't let me make their life difficult. |
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if we look at the list of the 10,000 richest people in the world, they all have large business networks that control their respective countries. in my country alone there are many rich people who have many businesses and the consumers are middle and poor people. since a long time ago, this world has been controlled by some people and we don't realize it.
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I'm still a beginner in crypto, as we know from time to time the number of altcoins is increasing, but I want to ask,
will the increasing number of altcoins affect the price of bitcoin,?
but in my opinion it will not affect the price of bitcoin, even though the number of altcoins is increasing.
there are already more than 10 thousand altcoins circulating on the market and it doesn't affect the price of bitcoin at all, in fact it's a good thing for bitcoin because of the pairing of btc, and the new altcoin. bitcoin is the benchmark of the cryptocurrency market and until whenever its price will not be damaged just by the increase in the number of altcoins. |
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Hello Everyone,
I am not speaking about just Bitcoin. I am speaking about every cryptocurrency / token. Regardless of crypto price fluctuations, many online and offline stores are ready to accept crypto as payment. So How will willing are you to spend crypto for your purchases?
If one doesn't spend their crypto for purchases and wait for to spend their crypto when its price is nice, are they really considering it as a cryptocurrency or can we assume like those people are treating more like a security or investment instrument?
spend crypto on a down market, I wouldn't do that. I have several financial plans and one of them is to buy crypto when the market is down, I am prepared some money too to do that. the best moment to buy crypto is when the market is down so I don't see selling it when the market is down is a wise thing. |
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right now I see the price of bitcoin on an exchange which is 21750, and has decreased by approximately 6% and I want to ask everyone,
is it possible that bitcoin will return to the price of 19000? or after this decline bitcoin will go back up higher ,,,?
and also I want to know what caused the bitcoin price to drop drastically?
btw, everything can happen to the price of bitcoin especially bitcoin also has high price volatility so bitcoin returning to $ 19k is still very possible. the last few days bitcoin has been in the $21k - $22k price range, it looks like in the next month the price will pass $24k. |
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To make a living, we must work. In uncertain days like now facing the global economic downturn, a stable job with high income becomes a scarcity. A side job or business seems like more necessary than ever, which can minimize the risks of losing your current job, ending up pennyless. However, a side job/business also takes time and efforts and can never be attained whenever we need it. What did you do or will you do in order to ensure your finanical stability despite all unfavorable circumstances ?
The side job nowadays is nothing extraordinary anymore, I'm sure the majority of workers who are still in their productive age today definitely have at least 1 or 2 side jobs (I also have 1 side job), even if they only give a small amount of money. running out of money is really very bad, so multiplying savings and investments is very important. |
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"Can I take a loan to invest in bitcoin" this question was asked by a friend
My reply to her is this:
It is generally not advisable to take out a loan to purchase Bitcoin or any other cryptocurrency. Cryptocurrency markets are highly volatile and the value of a particular coin can fluctuate greatly in a short period of time. This means that the value of the coin you purchase with a loan could drop, making it difficult to repay the loan. It is important to do your own research and make sure you understand the risks before investing in any financial product, including Bitcoin.
What is your advice?
even though your friend is a woman, I salute her intention to borrow money through a bank and invest all that money in bitcoin because not everyone wants to do something that is very risky like this. My advice is if he really wants to try investing in bitcoin, he should not use borrowed money, it's better to just sell unused items or collect money slowly, don't be greedy. |
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With the current bullish sentiment, it is quite hard to see Bitcoin crashing back to 12k this 2023. Though I am one of those that the market is yet to be bullish, but with the current performance of bitcoin market, it somehow made us think that the current market sentiment will even drive the price of bitcoin up, unless manipulators created this bullish hype just to dump their stash to us crashing the market and rebuy at a lower price to strengthen their position.
Right, I'm sure if there is no disaster like Luna and FTX it will be difficult to fall to $ 12k, if the market is slowing it might be below $ 20k but it won't be too far and above $ 15k, most people are waiting for a cheap price because they want to buy, But when the low price has come then they wait again until finally they never buy, they will regret missing the best time to buy. I kept thinking about what could make the bitcoin price fall badly and one that crossed my mind, it's not FTX or LUNA crash but if Binance crashes lol. just imagine how big the impact of the loss will be on the crypto market if Binance gets in trouble, speculators will definitely take advantage of the moment to sell and make the bitcoin price go down to then buy it back at a lower price. |
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The choice is yours, friend. But I'm just giving my opinion, education is also very important for the future and it's also necessary to save if one day you need emergency money. However, investment is also very important, for young people, if you can set aside money to invest, it will be even better, so that your financial condition will be secure in the future.
everyone must have good financial management so that their old age is safe and not full of worries about money because many parents still do not have savings, investments, and plans for the future, to be honest, I am very concerned about people like that. |
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I think the fear of a global recession is just speculation. Almost every negative event imaginable has already happened. Inflation has started to come down gradually. No one is interested in driving the economy into a real recession.
since Q3 2022, many parties have been frying about the potential for a severe global recession in 2023, but thankfully until now this has not happened and the economies in many countries are still strong and stable. many parties must be involved to prevent a recession from happening and hopefully, the world's economy will really be the farthest from being called a recession. |
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bitcoin can Crashed again Below $20K Level or Not ?
how much Probability for Down ?
suggest please I can bear some Loss but Can,t afford 100% loss
waiting for all expert members suggestion?
we can't predict the best price to buy bitcoin at any time, but the bitcoin price below $ 20k is really not to be missed. people who have successfully bought bitcoin when the price was below $20k, must have made a big profit now so that's as long as you have cash then buy bitcoin as much as you can, the new ATH of bitcoin will definitely happen again. |
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@OP, the story that your friend experienced really touched me, but I don't have much advice for him because if I were in his position then I would definitely be very confused about the situation that I would be in. during the Covid pandemic, I have thought hard about the future, I will take care of my financial condition and only buy things that I really need, the future is truly a mystery, without a good financial foundation, I am sure I will be in a deep depression when there is problem.
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sometimes that's what happens there is no free money which is so easy to get sometimes we have to play first so when more money is played there will be a bonus that we can claim in the end, so in my opinion just play and make a deposit after that and then claim the bonus  The casino works for its own profit and to earn money. Therefore, no one will give you money just like that and there is no free money. not always what you say is true, casinos are a business and it is very natural that they are looking for profits but many of their players also win and make money from bonuses and events. last december, when the world cup was held, coinplay also ran a world cup event, of course there were players who won the event. |
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untouched saving, I haven't it! Most people who die with years of savings in their possessions have a fear of the future. the wisest thing is to prepare an emergency fund only because it is more useful than untouchable saving which is really not used at all.
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Since the year started with a good results by moving from $20k to $24k this year, show that the price of BTC and crypto will move higher to satisfy investors soon. Now that the month is moving faster and investors need to think faster so that they will not miss their reward at the end of the year. The price of BTC just drop down to $22k few days ago, which is another opportunity for those that missed last year not to invest in a stable coins to do it now because, the price of BTC will surely reach $80k before the end of this year 2023.
Are you sure investors will experience $80 this year?
yep, I'm sure bitcoin will be able to reach $ 80k this year, maybe even more than that, We can't predict 100% exactly what investors are thinking unless we can read the future with a crystal ball but given how quirky bitcoin was before the halving day, it's only natural that we'd see bitcoin fly to $80k this year. |
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To thrive with a low income, the individual must have a monthly budget and stick to it strictly. Failure to do this would result in the individual falling into debt, and this can spiral into an unending hardship. Also, always go back to your budget and have an emergency fund set aside to take care of any unforeseen situations that may come up later.
I think management is very important, regardless of the amount of income. All you said is true, and once you don't manage well it starts resulting into always collecting borrowing before receiving your payment. It is better to plan because he or she who does not plan in life is then planning to fail. That is where most people go wrong because they do not budget their income and do not plan. One example of a plan is "I want to go out and I have to take an umbrella or a coat because maybe when I'm enjoying the outdoors, it may rain or shine." in life, a plan is vital, don't let it happen when you lose your job, your family gets sick or even dies, the cost of education is increasing but you don't have the money to fulfill it all. |
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