Starting your own business is not some golden solution to everything, especially not during the recession. Even during the "good times" the vast majority of start-ups fail to get traction and go under. And attempting to start a business during the hard times, could turn out to be the worst idea ever. When facing financial difficulties and/or dealing with unemployment, people will not be looking to spend their money on any new products/services, they'd be cutting down on all expenses as far as possible.
Obviously it all depends on the type of the business. If you somehow manage to offer something that allows people to save more money, recession could be a great time for that.
It is indeed very difficult to be able to build a business when economic conditions are experiencing a downturn, we have to really think about business ideas that can attract other people to look at the products we market, because during a recession of course people will think more about saving on their expenses. in order to be able to meet their needs and if we create a business that has very few enthusiasts of course the business we build will certainly not be able to run well so we have to close it early before we can make a profit from the business we build. |
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I think its more of talent and aptitude, if someone gifted with stable mentality they might excels at their career in trading journey.
meanwhile if someone is not emotionally stable enough they'd just outright throw everything they have thinking they'd made a fortune but we know trading is most often full of manipulation that an ordinary retailer couldn't even dream to contend against.
trading is indeed risky, it could cause massive loss if someone trying to make fortune in this field aren't really talented enough to make analysation, my take is that only trading with sufficient knowledge.
because otherwise there are bigger fish out there that are ready to eat all your capitals.
Those who have a lot of experience in the field of trading and also have a stable mentality in trading will of course find it easier to analyze market conditions so that they can get the profits they can get from the trades they make. Yes, you are right, it will not be easy to make a profit from the trades we make, it requires a lot of experience and also a strong mentality to be able to trade well because if we can't do it well of course we will lose our money in the trades we make do. |
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We know very well here that when we hear only promises in a new project, that is definitely a red flag for us. We do not send such misleading words to their prospects. So more intelligence and observance are needed.
Especially now, we are getting closer to the upcoming bull run, but bitcoin is halving first before bulls. That's why doing your own research is also a big deal for us, so that we don't fall into their traps. Let's just remember that we should always be prudent.
Yes, if we listen to the profits received from a new project and promises of very large profits then of course this is very unreasonable and of course we have to avoid that project. It is important for us to be able to understand well what we are going to do, if we invest in Bitcoin then we must understand well the right time to buy it so that we can get a profit from the investment we are going to make because if we don't understand well what we are doing so we panic if the price decreases. |
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If you are well versed in trading then surely you will face losses. That is why you must acquire knowledge or else you will never see the face of profit. If you want to do futures trading then it can be more fulfilling for you as the market volatility will start anytime and if you give 10x your money it is more risky. If you give 10% leverage it will definitely give you 10x profit but most importantly for you it can be and loss. If you want to earn by day trading then I think skip future trading and do spot trading instead. If you start with $1000 in futures trading, you must start with a small amount of leverage, it will be less risky for you. If you use 5x leverage with $1000 it will give you good amount of profit and reduce if. That's why you need to gain good experience about trading and later on futures trading as it is high risk so you should trade carefully.
Without good knowledge about trading, we will certainly suffer losses from the trades we make, so it is very important to be able to understand well what we will do to be able to profit from the investments we make. If we choose to trade, we need to prepare capital and also understand market conditions so that we can get a profit from the investment we make. You are right, we need a lot of experience from the trades we make to be able to profit from investments and we also have to understand the risks of the trades we make so we can avoid losses from the investments we make. |
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it still depends though fulfilling financial needs could be really hard if someone is really just all about those luxury brands that gonna suck few grands for the simplest goods ever.
like those luxury bags brands, that charges tens to hundreds thousands of dollars just for a bag, in which i don't think make sense for majority of people.
this could cause financial stability if the people needs to fulfill their financial needs while also trying to satisfy desire of luxurious stuff.
I think it also depends on whether an individual capable of distinguishing their basic needs and something they don't really needs.
Indeed, there are some people who force themselves to look luxurious so that they buy things that are not commensurate with their income and they will have difficulty meeting their needs because they use the income they have for things they don't need. Everyone must of course be able to differentiate between their basic needs and things they don't need so that the income they earn can meet their needs and must also manage the income they have so that they don't use it for things that are not important. |
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I agree. Don't be complacent for what you currently earn especially if you know that it's just enough for the monthly expenses. Looking for opportunity to have another source to earn money is always wise, this is to increase the earnings and to be able to save money. Anyway, I don't consider bank deposit as an investment since the annual interest is too low and not worth it (at least for me).
Hence, I better look for other opportunities to invest. Of course it's not going to be easy and there are times you'll fail, but keep trying and stick to an investment where you have knowledge about and not just you're taking risk without knowing what you're getting into. Nevertheless, always have self-discipline to control how you spend your money.
By having an income that can only cover a month's needs, of course we have to look for additional income to be able to save because if we have an income that is only enough for a month's needs and don't have savings for emergency needs, it will certainly be very difficult for us if we get unexpected needs, of course we have to take on debt to meet these needs. If we choose to invest, of course we have to do it consistently and also use strategies in the investments we make to gain profits. Yes, you are right, we have to keep control of our expenses so we don't use them for things that are not important. |
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Even people with multiple sources of income will find it difficult to forget about investing for a while. Simply because if we are truly passionate about investing in bitcoin, we cannot stop watching news about it and stop discussing bitcoin every day.
Those who invest for the long term will of course continue to monitor market conditions and they will not disturb the investment they are making because they already understand the strategy they are using. Frankly, I can't do that, although I can't expect a bull season to come quickly or for it to turn a profit for me anytime soon. Not to mention, with the popularity of bitcoin and cryptocurrency, we will easily come across it on every social platform, forgetting about it these days is impossible. I don't believe anyone would do that and it's not necessary. When investing, we need to have a specific buying and selling plan, and do not need to forget about our investment.
Yes, it is true that because it is easy to find various information on various social platforms, it is very unlikely that we can forget about the investments we have made. Having a specific buying and selling plan will certainly be able to maintain the investments we have made. |
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Not really. Following the crowd will not make you "real" successful. The crowd decides the trend, they also decide what to discard. The untapped potential that you're talking to, is mostly ignored by the crowd as their focus is only on the trend.
We cannot imitate the success that other people have achieved, because in going through every process of success we certainly face different challenges from other people and each person has their own way of solving the problems they face. The idea needed should be unique, reading the needs and the flow of the crowd is required when starting a business. Like for example, in your city, everyone opens a convenience store but you observe that the crowd needs a grocery store, so you open one. You gain the crowd as you provide their needs and give the solution for what they are looking for. You are right, in building a business we have to have an interesting idea to make people interested in the business we are creating so that the business we are running can develop well. |
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What person in this world or in our future today does not want to own real estate? We all really want to get or have that, of course. It just wasn't meant to be in reality.
Yes, of course everyone wants to own real estate and also needs a lot of capital to be able to invest in real estate and this will not be easy to achieve if we don't have a lot of capital. I really want to experience buying real estate with my cryptocurrency earnings, and I believe I can do it with the holdings I saved when I did the DCA a few months ago. So that I can prepare well and properly for the upcoming bull run and halving next year. If you have prepared yourself for the upcoming bull run and halving, of course you will be able to achieve your desire to be able to invest in real estate, of course you will have two advantages from crypto and also real estate. |
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Unemployment is a curse. Those who suffers from unemployment who knows how much painful is it. Everything circle people have those types of friends who suffer from unemployment problem. I think helping someone make a person peaceful from heart. Many of my friends are suffering from unemployment problem so if I can teach them about Bitcoin that will be a work for my own happiness.
Not having a job will indeed be very troublesome for ourselves and also for the people around us who see that we don't have a job. If there are friends who can help them to get a job, they will be very happy because it helps them to be able to get a job that provides income so that they can meet their personal needs. You are right, when we can help other people to earn income for that person, of course we will be very happy to see that the person will also be happy because they have found a job that they can do. |
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Bu forumda ve çevremde gördüğüm insanların birçoğu Bitcoin'de bir dip daha bekleme eğilimindeydi. Fakat Bitcoin yeterince dip yapmış olacak ki bir dip hareketi daha yapmadan 35 bin dolara ulaştı. Dibe çok yaklaşmış olduğumuzu düşünürken en dibi yakalama isteği nedeniyle Bitcoin alamayan çok insanın olduğunu düşünüyorum. Bitcoin şimdi doğal bir hareket ile 35 bin dolara ulaştı. Dip beklediği için Bitcoin almayanlar da Bitcoin almaya başlarsa Bitcoin ikinci bir hareket ile daha yüksek bir seviyeye ulaşabilir. Yorumumun yatırım tavsiyesi olarak anlaşılmasını istemem çünkü bu konularda tavsiye verebilecek derinliğe sahip değilim. Fakat dip beklediği için alım yapmayanlar da alım pozisyonuna geçerse Bitcoin 40 bin dolar veya 45 bin dolar seviyelerine ulaşırsa ana akım medyada daha fazla Bitcoin haberleri görebiliriz. Gelişmeler çığdan yuvarlanan bir kar topu etkisi yaratmaya çok uygun.
Bitcoin fiyatında en düşük noktayı beklersek elbette asla toplayamayız çünkü her zaman mevcut fiyatın çok yüksek olduğunu varsayarız, bu nedenle Bitcoin'e yatırım yapma isteğimiz olduğunda elbette satın almaya çalışmalıyız. Elimizden geldiğince ve istikrarlı bir şekilde yapabiliriz ki yaptığımız yatırımlardan kar elde edebilelim. Evet size katılıyorum, eğer şimdi almazsak o zaman biz Bitcoin'den kar elde etmek için hiçbir şey yapmazken, yaptıkları yatırımlardan kar elde edebilen başkalarını da göreceğiz. |
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There's no formula, just don't do things randomly without giving it a lot of thoughts first, because newbies often to do panic selling because they lack knowledge regarding about bitcoin.
Most of them just invested to bitcoin because they know someone who do or maybe in the internet, so they automatically did the same thing hoping to get the same thing without even researching how to properly do it.
Because a lot of people have made reckless decisions as starters it is good somehow because once the starter loses money the person will have a sense of no doubt but it is better to have a lot of thought before making any decision, and their risk management that can help the starter lose, majority of people do not care about understanding the basics that is why they are always pushed to sell people that have the knowledge and have makeup there mind not to sell, just because they know what is ahead, that the case they always invest because other people are investing, and they do not want to even have the patience that is were the problem is always coming from, once bull run comes and people are making and you have to sell yours then the starter will know its value. As people who are new to Bitcoin, it would be better for them to study it well before investing in Bitcoin. If they only listen to other people's advice and have no knowledge about Bitcoin and they invest, of course they will experience losses from the investment they make because they don't know the strategy to be able to invest in Bitcoin, so it is very important for those who want to invest or trade in Bitcoin, it is better for them to study it well and after they have knowledge about new investments they can try to invest in Bitcoin to be able to profit from the investment they did it. |
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One of my older brothers bought bitcoin with that money, instead of keeping it in the bank, about 6 months ago, the price of bitcoin was 24-25k+, and he bought about 1 BTC. The price of bitcoin has increased to 34K+. In just 6 months, he has made a profit of 9k+ dollars, which would have taken more than 20 years to get from the bank. This means that bitcoin can become a millionaire if people invest in it at the right time. I also bought some bitcoins myself and did it by withdrawing money from the bank. Success is not possible if you do not take risks in life. I know how hard it is to make money and if it is to sweat your head and work day and night, then it is worth it. And we can make a lot of income by buying or trading bitcoin with the right rules. I think bitcoin is a bright future for us.
Investing in Bitcoin is undoubtedly a profitable business but you should not choose Bitcoin as your career. Build your career first and get a good private or government job. If you can earn well and invest in Bitcoin with that earnings then it would be wise. Moreover, if you keep money in the bank, you will not get the profit at the rate that will give you interest, but if you invest in Bitcoin, you will get much more profit than the bank. Do not keep your invested bitcoins in an exchange wallet or a wallet with low security. Making an investment certainly requires capital to be able to do it and we also have to understand it well so that we can make an investment to be able to get a profit from the investment we make, if we have a steady income then it will be very easy to be able to make an investment, we can buy it using some of our income. that we have and buy it consistently, of course we will be able to get a profit from the investment we make. You are right, we can get very little profit from saving money in the bank and the bank can use our money for their needs. Of course this is very detrimental to us, but it will be very different from investing in Bitcoin. We can get profits from the investment and trading that we do. do it and also we can withdraw the money we have whenever we need it. |
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It's one of question which differs from person to person. How do you define richness?
When we say rich it means you have more than enough. Financially stable that one doesn't need to work because money already works for him/her. But the definition of rich for me is not entirely focus on money. For me, being free to any illness, having sufficient finances to provide for our needs and a complete family are my own definition of being rich. So we can say we're rich if we have contentment. It's just depends on how we define this word. If we can fulfill all the desires we want, other people will say that we are rich because whatever we want can be easily fulfilled without having to think hard about how to get it. If we don't have a disease that is difficult to cure, we can be said to be rich in our physical health but not necessarily in our minds, so if we have good physical and mental health, of course that person will not have any burdens in their life so they can do whatever they want. want without thinking about their health, because for those who have pain in their bodies, of course if they want to do anything they have to think about whether they are still able to do it or not. I agree with you, if we are satisfied with what we have then that person deserves to be said to be rich because they don't have to force themselves to look rich in the eyes of other people. |
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Global şirketlerin daha bi fazla kar yapmak için insan hayatını hiçe sayan ürünler çıkarmasından dolayı obezite patlak verdi bana kalırsa. Daha ucuz, daha doyurucu ürün sağlama yarışında olan bazı firmalar insani duyguları bi kenara bıraktı. Teknoloji firması dediğimiz firmalar genetiği değiştirilmiş besinler yarattılar. Kar amacı nedeniyle sağlıksız ürünler üretti dev şirketler. Tabiki kullanıyorum bu firmaları. Ama benim gözümde birinci faktör onlar.
Bilindik meşhur fast food ürünleri kullanıyorum. Çünkü pratik ve hızlılar. Ama fast food ürünleri çok yoğun tükettiğim dönemlerde bel çevremde kalınlaşma oluyor. Sağlıksız beslendiğimi hissediyorum o dönemlerde.
Çok fazla fast food tüketmek bizi aşırı kilolu yapacaktır çünkü yiyecekleri nasıl ürettiklerini ve yiyeceklerde hangi malzemelerin kullanıldığını bilmiyoruz. Gıda sektöründe faaliyet gösteren firmalar elbette ürettikleri gıdadan kar bekliyorlar ve gıdanın tüketime uygun olup olmadığını umursamayanlar da var ama biz bunu tercih edersek daha iyi olur. sağlığımıza iyi gelir, böylece yemeği yedikten sonra bizi hasta etmez. Beslenmemizi düzenleyebilmeli, şeker oranı yüksek işlenmiş gıdalardan uzak durmalı ve düzenli egzersiz yapmalıyız, bu bizi engelleyecek ve obezite riskini azaltacaktır ancak yine de düzenli egzersiz yapmalı ve sağlığımıza zararlı alışkanlıklardan uzak durmalıyız. |
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it is very important to be most careful while day trading when volatility is high, just as it has been in a few days now, this is specially for those who trade the futures market, trading futures is 10x more risky than trading spot, in futures trading, a simple miscalculation or failure to use proper risk management could lead to you being liquidated and all the money invested gone in a twinkle of an eye.
Best to avoid trading futures in times like this, but if you must, make sure you know what you are doing, and use proper risk management like the stop loss and take profit features, also ensure you are only trading with an amount of money you can afford to lose, and remember not to put all your eggs in one basket.
That is how important to know our capabilities as many traders underestimate the volatility of the market and then try futures trading not knowing how risky it is especially for newcomers. Many of us have been taught that Futures trading is more profitable compared to spot trading and that brings to our attention and courage to choose this one until they realize that it was not. Our common mistake is that we easily believe those people saying this without reading feedback from other traders who tried this. Even though some of them will say that they become successful but it doesn't mean that we can be like them. Knowledge will indeed be very important before we start trading because without having good knowledge we will lose the money we use to trade. To be able to make a profit in trading, we have to understand the trade we are doing well, don't just hear from people that it is very easy to make a profit from trading, so we try it straight away, of course this will make us unable to avoid the losses that we will incur in trading, we cannot possibly trade to make a profit without understanding it well, so it is very important to learn it first before trading. |
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Savings isnt something that should put us in very tight corners but what really matters is that we have a way to always sustain and make ends meet. There are always unexpected expenses that comes when we least expected and most times these expenses are always pressing and We cant ignore them when they arise and your savings culture also depends on how much we earn and for those who earn something reasonable enough for savings, should always set aside a budget for miscellaneous expenses as they will always come and are always difficult to ignore.
It's actually not difficult to save some money for those who earn a reasonable amount of money every month because their expenses would generally be lower than how much they earn which allows them to actually have some money left at the end of the month unless they deliberately spend it all on things that aren't really necessary. Such people don't face problems with savings or their personal expenses and they can easily save some money for emergency situations. However, when we talk about someone who barely earns a minimum wage, such a person would barely be able to save anything because they hardly manage to fulfill their monthly expenses with the money they earn. No matter how much they try to reduce their expenses, they won't have anything left at the end of the month. Saving is indeed easy for those who have a fixed income and manage their monthly expenses well. If we can manage our expenses well then whatever income we have, it certainly won't be difficult for us to be able to save because we have managed well the needs we need and If we have a lot of income and we can't save, of course there is something wrong in managing the money we have, so it needs to be corrected to be able to manage the expenses we have so that we can save the money we have for emergency needs. |
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I agree with you. Children are children, and such big responsibility and knowledge bomb should not be given to them at such a young age. We are already taking too much away from these kids, with rising expectations and pressure from the ever so competitive world that we live in. Let us not rush them in this case as well.
That's why I think it should depend on a specific age. For example, if a teenager or, let's say, a 12-year-old kid has exceptional thinking capabilities, I think they are the ones who are right to educate themselves about complex things like crypto or bitcoin. We know that not all young people are futuristic or ready to think about complex things such as cryptocurrency. Young people should enjoy their youth as long as they are young. Even if we want to teach them about that, it's up to them if they will absorb it or if they will be interested for a long time. Teaching them is a good idea, but we also need to remember that bitcoin or cryptocurrency is not for everyone. Let's not assume every child has the same interest. If I have a child, maybe I will just introduce bitcoin and guide them, but I will not force them to be interested in it. Teaching children about crypto is certainly very good because they can understand how it works even though they don't have the time to try it yet because they are still too young to be able to make decisions about investing or trading. However, this will be knowledge for them if the child already has an income and can invest and trade because they already understand how to earn income from crypto. Every child certainly has different desires, some still have the desire to play and there are also those who can be taught about how to earn income from what they do, but we cannot force the child's desires so it is not good for them because they feel forced to do what they do. do. |
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I totally understand where you're coming from! Knowledge is never a waste, even if you don't have the funds to invest in Bitcoin right now. It actually prepares you to make smarter financial decisions when you do have the money. By the way, I'm really happy for you for taking that leap and making your first Bitcoin purchase! What's even better is that you're using your spare cash and practicing dollar-cost averaging during price dips. That shows you know what you're doing! Remember, Bitcoin is a long-term investment, so stay committed and you'll be just fine. Keep it up
Actually it will going to waste if you will keep just thinking but not acting on it , If you are truly smart then you will do everything to have money for investing as the knowledge already on yours and you knew that there is a promised profit here, so why waste more time when you can generate income from doing such?Why not lessen your expenses , try to tighten your belt so you will have small funds to start buying bitcoin and that will be the right starting point.and not just having plans and plans that never come to reality. and also since it is for long term as you mentioned , then better to start it out now mate, you can begin with 5-10 dollars at least weekly and then try to increase as days passed by , because for sure once you see it growing you will regret why not act instantly than talking and telling stories. But like what you said, if he truly has not capital then sorry to hear but the bull is so near , we will regret everything when the day comes. If we already have good knowledge with Bitcoin and know how to make a profit then it will be a big loss if we miss the opportunity we have to invest in Bitcoin. Before investing we do need capital to be able to invest, but if we already understand how to make a profit Of course this will motivate us to set aside part of the income we have to be able to invest to be able to get a profit from the investment we make, because it will be very sad if we already have knowledge but don't invest and when we see prices continue to increase then this will make We really regret not having prepared our money to invest. |
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For individuals with significant expertise in trading, it appears they can consistently generate income on a daily basis or at least every three days through their trading endeavors, especially in the short term. So, what causes some people to believe that many individuals experience losses in trading and have to endure financial setbacks?
I, too, am among those who are not adept at short term trading, and in my opinion, this relates to one's level of experience.
In the realm of daily trading, we are constantly compelled to monitor the market and analyze candlestick patterns each day. Many techniques demand a significant amount of time to achieve accurate analyses. For seasoned traders, this remains the preferred choice. However, for newcomers just entering the world of crypto markets, it may be prudent to opt for long term investments.
Individuals who think that experienced traders always make money are greatly mistaken. Absolutely every trader, no matter how skilled, has lost money. That being said, why is there this common story about trade losses? Despite being very unexpected, the market doesnt have any allegiances. Markets are always changing, so trading, especially trading for a short time, is always a risk. One cant completely avoid risk, even if they have a lot of knowledge, experience, and tools for making predictions. Regarding the steady alertness needed for daily trading, you bring up an important point. There are a lot of details and complexities that can be overwhelming for newbies. Although investing for the long term might seem better, its important to keep in mind that the crypto markets are still very new. Foremost are alertness, flexibility, and a deep knowledge of how markets work. Anytime you want to trade, not just for short periods of time. Everyone who trades has certainly experienced losing their money in the trades they make and they cannot avoid it if at that time they cannot predict market conditions. For those who have just started and don't understand trading well, of course they have to do it carefully so as not to lose their money in the trades they make. Choosing to make long-term investments is certainly good for those who are just starting out, but they still have to have good knowledge of market conditions. |
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