I dont know if this where the right place to post but here it is. This is most applicable for those minimum wage earner who struggles in life and wanted to invest too.
* DONT SPEND BEYOND WHAT YOU EARN.
This is particular to those credit card addicts where swipping it is their life. They spend most of their needs on cards, groceries, gadgets installment etc. They spend beyond their limits and usually paying excess charges because of this. They often didnt get through this swipe pay cycle because of their limited fund capacity.
* SAVE FIRST BEFORE SPENDING
I think this is the hardest part of the financial budget if you are earning just right for paying your monthly bill and daily necessities. But what will you have to do ? . You dont need that high portion of savings everytime. For example , you have $50 on your hand in excess of your expenses, budget it for a week in a very cheap way , groceries would be better, then save what is remained. Take aside your weekly starbucks and put it on your bank.You can take coffe at home or on a cheap way. Small amounts will get big in a time and you can start investing after. You can always reward yourself after if you start investing and earned passively.
* SET SOME GOALS
This is the most effective way ive done so far. Being comitted on your goal is almost 100% sure. If you are setting a goal for example this year where you have to save $5 weekly and you will save $260 in the end of the year, if you always looking for the outcome, im sure you will do this without leaping or maybe advance save it up.
All three of this is what i do everytime ans it helps me save and gain some capitals for investment on cryptocurrency. I hope these three would help someone even on a little way.
"DONT SPEND BYEOND WHAT YOU EARN", this is the best advice you can give to everyone since there are a lot of people who are spending a huge amount of their income for unnecessary things in life. |
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Community has different levels like there are people who are rich and poor so fearing a cashless world will be depending on your state in life, most of the governments will still prefer to use fiat because not everyone in the country does have the capability to earn cryptocurrency. |
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For exchanges, ICOs that collect KYC information, when are they required to send information to the government.
If I remember correctly, in the US if you make a money transaction, such as through Western Union, or bank, $3,000+, within the same day, or smaller amounts during consecutive days, the institution must collect your ID information and Social Security and report it to the government. I forget which entity of the government.
Does that mean that if one participates in an ICO and puts in over $3,000, that gets reported to the government? Or if you move $3,000 out of an exchange, that gets reported?
Kyc is today is one of the reason why ico's are being successful, its because there are a lot of people who are trusting an ico that is requiring their investors to have a kyc, another thing is that there are also participants on bounty who are getting a huge amount of payout since the ico's are successful. |
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So far there are many concerns regarding on bitcoin advantage. I have read a lot of it here in our forum. Thus really make sense why should we invest in bitcoin? Well i know that you can add up more when comes to the advantage of investing bitcoin from the other members as well. In fact i get a lot of idea from them from reading and reading from their post. Thus includes bitcoin as a form of savings highlights the best idea on investing bitcoin which could be later use as for emergency needs also. So how it will work? Well i have some extra money from my salary so instead of putting it to my piggy bank i will invest it here in cryptocurrency though it is not that big yet it could be consider as savings. From time to time as other members done like holding and selling it in the right time will do also. So it will be savings plus profit and that could also be use for emergency needs and easier to get or convert it to money for emergency uses unlike lending money from banks that will cater 2-3days process before you get your money. So this is the best idea i guess. How about you?Could you consider this thoughts?
I am using cryptocurrency for an emergence purpose only and to buy things i really need for the future, it was really good to invest on bitcoins even just a few coins because the price is keep on increasing as the time goes by and that is the reason why there are wealthy gentleman today. |
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Freedom of payment - any amount of money can be paid and received instantly and anywhere. No bank holidays, no borders, no imposition. Bitcoin allows its users to completely control their money.
Very low fees - there is no handling charge or very little handling fee for the current payment of bitcoin. The user can include the handling fee in the transaction to obtain processing priority and receive the transaction confirmation from the network faster. In addition, there are merchant processors that help merchants deal with transactions, convert bitcoin into legal tender daily and deposit funds directly into merchants' bank accounts. Because these services are based on bitcoins, they can provide a much lower fee than PayPal or credit card networks.
Reduce the risk of merchants - bitcoin transactions are safe, irrevocable, and do not contain customer sensitivity or personal information. This avoids the loss caused by fraud or fraudulent withdrawal, and there is no need to comply with PCI standards. In places where credit CARDS cannot be used or fraud rates are too high, businesses can easily expand new markets. The net result is lower costs, bigger markets, and less administrative costs.
Security and control - bitcoin users are completely in control of their transactions; Businesses cannot force fees that may or may not be found in other payment methods. Paying with bitcoin doesn't have to be tied to personal information in transactions, which provides great protection against identity theft. Bitcoin users can also protect their money by backing up and encrypting it.
Transparency and neutrality - all information about the money supply itself is stored in a block chain, and anyone can check and use it in real time. No individual or organization can control or manipulate the bitcoin protocol because it is password protected. This makes bitcoin's core believed to be completely neutral, transparent and predictable.
Bitcoin is good for long term investment because of the market's volatility, cryptocurrency is keep on growing today since there are a lot of ico's who are starting their companies monthly so we can expect a bright future for bitcoins. |
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Bitcoin is decentralized so that whoever you are from wherever you are rich or poor, you are free to use bitcoin for any purpose. Bitcoin is freely used for anyone. anywhere
What is your response with this opinion?
Bitcoin for all levels of society is not possible because of the volatility of the market and there are people who are not capable of earning cryptocurrency since not everyone is wealthy enough to have computer and stable internet at home. |
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Bitcoin chart is going up and down some times I am thinking maybe I should invest part of my BTC (at least the part of the profit I’ve made on crypto) into something real?! Let’s say I can buy share of real estate company and get the part of profit (50-100% per Year). Should I Spend all my BTC on that shares? Spend small (profit) part? Or just do nothing and wait?  ?! I’ll do appreciate for answers with any suggestions and recommendations! Investing on bitcoins is more profitable because of the market's volatility unlike on real estate, real estate today has a fix profit while on cryptocurrency, you can use the market's volatility in order to earn more profit. |
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December 2017 during the high of highs, I made a huge mistake, I allowed greed and fomo, ignored my gut and bought into NXT because I was chasing Ignis airdrop. The coin has since tanked and I still have not received the airdrop. Nxt is probably 80/90 down.
What is your biggest cryptocurrency mistake???
The biggest mistake that you can be made in market or trading is just a common thing to other investors as well, invest when the price is very high and you will surely lose a huge amount of profit. |
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just wondering when Will Ethereum reach 1200 again? Is there any upcoming news about ETH that might lead to price growth?
The market price is always depending on the supply and demand of every cryptocurrency that is listed on it, we can expect for the price to increase to 1k dollar again after a huge dump of bitcoins from maybe $20k dollar or 30k before the year ends. |
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You can always place your money on banks and earn profit yearly or if you have a decent amount of capital then i prefer that you invest on any cryptocurrency you are interested, in this way you will earn more profit more than your salary. |
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https://cointelegraph.com/news/polish-central-bank-secretly-funds-anti-crypto-youtube-propaganda-videosSomething i have been suspecting for a long time, now it has been officially confirmed. Banks and governments have been investing in fake news to discredit the cryptocurrencies, because cryptos can save us from poverty and slavery. The news against BTC indeed seem terror messages made on purpose. There have been too many, too frequent and too aggressive fake news, and i felt like something is fishy about them. Bitcoin is a way of letting common people have their own money in their hands like normal cash, and exchange money [1] with other people directly from remote (that is a plus compared to cash ). This is good for us, not for the evil ones. Our beloved gov guys prefer us to put our money in a bank account, which is like we are lending them our money and hope we will see it again. That is also why the govs are trying to reduce or ban normal cash ( e.g. read this https://www.zerohedge.com/news/2016-12-14/real-reason-elites-want-ban-cash , or this http://moneywise411.com/government-attempts-to-ban-cash-whats-most-disturbing-is-why-theyre-doing-it/ ).
Go crypto and HODL my friends.
They fear crypto because it can save usIts normal for this banks to get afraid since the growth of cryptocurrency today is so much faster more than banks while so people will really invest on the way they will earn more profit and that is bitcoins. ---
[1] With "exchanging money" i don't mean just forex trading, but all commercial exchanges like buying goods directly from other people
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Whether one should invest in bitcoin or not depends on whether you think Bitcoin will become a long-term trusted store of value.
If it does become a long-term trusted store of value, BTC should trade around $2,000,000 a coin (depending on how many coins are lost and are actually in circulation). That is over 100x the price of where BTC is today.
If BTC does not become a long-term trusted store of value, its likely price will be close to zero (unless it becomes a "cool" collectible... which is a possibility).
So if you think BTC has a 10% chance of becoming a long-term trusted store of value, it is a good investment with a nice expected return. It is still very risky but professional investors should invest some small portion of their portfolio in this case.
It was already long enough if you are asking that bitcoin could be trusted for long term, the price of bitcoins is very cheap before back in 2013 and there's no one interested on investing in it till the price rise up today in the market. |
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The fall and collapse of the crypto-currency exchange rates do not scare investors in comparison with December 2017, but rather vice versa - new crypto funds are launched in the US and Europe. Offering the Swedish exchange Nasdaq Nordic exchange-traded note for bitcoin and ETH, Coinshares Group is launching two new funds: "Active" and "Large Cap" . The first offers a fairly aggressive strategy for investing in promising cryptocurrencies, the latter uses a more passive strategy and a wider basket of digital assets.
If you are in a position - hold.
If you have the finest money - buy in parts.
Everything goes to the fact that in May we are expected again the rally
The market is volatile so there is no way for the price to decrease forever, the best thing to do is just hold your coin if you really worry that the price is decreasing today so patience is really a must in this kind of industry in order not to lose a huge amount of investment. |
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I think promoting bitcoin stability is partly a matter of avoiding the alcoint crisis, major changes in cryptocurrencies activities, high inflation, and excessive volatility and alcoint markets. Instability can increase uncertainty, inhibit investment, hamper the growth of alcoint.
for your opinion.?
In my own opinion, bitcoins stability is not important because the volatility of the market is what we really need in order to earn more profit in the market, there are a lot of people who are struggling today in trading because they are afraid to lose their investment when the market price is melting. |
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No its not, the price is keep on increasing today and it might get back to its stable price which is $10k dollar, the price is decent enough to invest so i think that you still have the chance because the highest cap is still far enough to $20k. |
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Aside from bitcoin what do you think is one of the best alternative investments in the economy today?
Ethereum has the potential just the same as bitcoin but the growth is much slower but what's more important is, the coin is very profitable and you will surely get profit when the price of ethereum grows up in the market because there are a lot of people who are really interested on investing in it. |
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Imagine the situation in which we don't have any physical money and every currency is digitalized. The US dollar is now a token, the Japanese Yen is only in the network and the British pound is a fast-moving digital coin. What are the consequences of such an economy for the poorest of the population? Do you think that a few people can influence the digital wealth of people and wouldn't hackers be the best people to have as friends?
yes it is still safe because the transactions are fast, the reason why the security of cryptocurreny is safe is because there are a lot of bitcoins that is not circulating in the market since their password is lost by their owners. |
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Guys sorry for this question above but I would like to ask here that
What is the difference of Trading to Investing?
though I know that I can search it in google but I want an answer from those people who have already experienced this two.
Thank you.
I hope you can help me in my confusion..
Trading means you are planning to start working on the market in order to earn more profit monthly or daily while investing means, you want to invest a coin that you think has a potential then wait for its price to grow. |
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Yes there is a huge chance for banks to get eliminated in the future because there are a lot of people who are interested on cryptocurrency and if the growth of bitcoins will continue to grow then there is a huge chance for banks to be removed in the future. |
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I am sure we touched the bottom today. so i am going to real Estate Dealer for selling my house and buy bitcoin. I suggest you all do that
Its not necessary to sell your house because you can invest a huge amount of cryptocurrency then start holding it or trade in the market in order to earn more profit daily or monthly, selling your house is very risky and try to avoid very risky decisions because you might go homeless. |
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