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If what you're saying is true then, doing the simplest math, you haven't made a mistake in leaving your job. Even if your former job's compensation is increased to $80, that is still lower than the $60 every two weeks that you said you earn online. However, that is, if we compare the money that you get between the two. But is there no way for you to keep the company job while also doing your online business? If there is none and you can only choose one, your online business is the better option.
But let me clarify things first. The $60 bi-weekly income is not regular, right? There could be times when instead of an income, you are losing, correct? And if you make money in a whole month, it is also possible that you lose money in a whole month. Isn't this so? If it is, I'd rather keep the company job and also keep having food on the table. Do the other thing only if time permits.
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What do you mean crypto money project? I hope you are not referring to your own project or the one you are promoting. Well, 99% of crypto projects nowadays are solely created for the sake of money, at the expense of gullible and lazy individuals.
To be quite frank about it, this trending section of coinmarketcap should be taken down for good. This does no good whatsoever. Everything that it does is bad. This is like a paid promotion for the shittiest of shitcoins in the market. Landing there does not mean anything. Look at the coins that are listed there. They're shitcoins through and through. Hell, they don't even have complete data on CMC itself. They don't have the best volume. Their market caps are not large either. They are not listed on trusted exchanges. Everything negative could be said about them.
In other words, that trending list is utter useless. CMC is only exposing newbies and clueless lazy crypto individuals to more risks by giving a list of worthless shitcoins that many might think to be profitable.
Anyway, if you have a project or are tasked to promote one, build your project, not just its image.
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If you mean to say that OP would have been doing the right thing had he borrowed money to invest in Bitcoin and not in a meme coin, I beg to disagree.
Some memecoins are worthless and not worth investing was what I meant, example is the Wakanda Inu, some people could have borrowed money all because of Wakanda Inu, thinking it will increase like Shiba Inu. Thinking Wakanda Inu will do bigger, but the opposite is what happened. There are thousands of altcoins and many of them are risky, that was what I meant. I will prefer to invest in a coin that I know all-time-high is most likely guaranteed, that was the reason I chose bitcoin. Some people are smiling as they make big profit from memecoins, but some of the memecoins are very risky, what I hate the most is if the coin never reach all-time-high again. What I meant to say is that even if OP borrowed money for buying Bitcoin, it wasn't a wise decision. Only borrow money when the situation calls for it. I know that even billionaire companies take loans, but it is going to be a very different case for an individual who did not even manage to make enough savings for buying Bitcoin. Bitcoin's price could remain low for years. It is possible that one's Bitcoin investment does not yield any ROI for years. What will happen if a person who does not have savings and borrowed money to buy Bitcoin suddenly lost his/her job? Or what if an emergency arises all of a sudden? What is he/she gonna do? Sell his/her Bitcoin at a loss? Loan more? |
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If your country's government is raising the interest rate, it is not a bluff. It is a real thing. I won't expect an announcement to made and yet the cost of borrowing remains the same. And, for sure, your country's economic, monetary, and financial team has find reasons that call for the rate hike. It might be to temper down a rising inflation, but never to take it away. Inflation is an integral part of any economy.
Anyway, interest rates rise and fall. It is normal. There is no reason to react to it too much.
And, please, don't think the central banks would just let fiat die. In the first place, they are there to let it live for as long as possible.
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There is nothing bad to borrow if you are a working class and will have no isssue to pay in time, or if you have other means to pay. But if you borrow and not having any means to pay back is when something is wrong. If you mean to say that OP would have been doing the right thing had he borrowed money to invest in Bitcoin and not in a meme coin, I beg to disagree. This is my personal opinion. I think it is not really prudent for somebody to borrow money in order to invest. There is no investment that is risk-free and I guess it is unwise to risk borrowed money. You can risk your savings, yes, but not even all of it. If you don't have money, earn it first. Think of investment later. |
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I hope this is not bannered as a news against cryptocurrency, though. But I guess this made news partly because it involves cryptocurrency.
Anyway, this is nothing shocking actually. There are worse than this. How many parents have actually been killed by their own children for so flimsy a reason? Or how many people have been sent to unreasonable wars, killing each other because somebody up there is telling them to?
It is not about killing for Bitcoin or Ethereum or an ideology or an order or whatever. It is about killing itself. Ugh, hoomans!
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On a personal level, nothing has changed much. Prices are increasing but I can still manage to support my needs and even some wants. For now, I am not in any way tightening my belt. But, in general, a lot of people are actually having a very hard time due to the economic impact of the pandemic. A lot of people are losing jobs, losing other sources of income, losing businesses, and so on.
These times are particularly harder not only because jobs are scarce but also because prices of goods and services are increasing no end while movements are greatly limited.
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Of course, it is good. There should be no argument whether a sort of an insurance fund is good or not. But is this enough? I don't think so. If the exchange will fall to a hack, Binance will probably refund the victims using funds from SAFU. But what if my account fell to a hack? What if 5 or 10 or 20 accounts fell to a hack or whatever incident that is not due to the negligence of the owners? Could we then ask for a refund? I doubt. What if an insider would steal from a handful of accounts? What if, due to the data leak, an account is compromised? Would the owners of these accounts cite SAFU and claim for a refund?
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Isn't this more of a problem with a centralized fund raising platform than a problem about currency? If, for example, the Freedom Convoy 2020 campaign would ditch GoFundMe and would instead solicit funds by secretly reaching out to select individuals, groups, and institutions, would that not sufficiently address this problem?
Could cash, for example, be censored? What if the group would completely do away with banks and other centralized platforms? Wouldn't that be enough for their funds to avoid getting frozen?
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Phishing is indeed an old trick, but I'm not sure we can call it outdated. I'm sure many still fall for it. People should then just cease clicking on links whether they are coming through SMS, email, DMs in Telegram and Twitter and other social media platforms, ads, and so forth. Just go straight to your account using their official site and check if there was indeed a request to withdraw or whatever.
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You must be referring to Binance's savings trial fund voucher. I'm not sure, but I also got an email from Binance a few months ago offering 500 BUSD savings trial fund voucher if I verify my account. If I'm not mistaken, this was offered during their implementation of compulsory intermediate KYC verification for everyone. This must be their way of enticing users to undergo KYC.
I didn't mind the offer. Had it been real 500 BUSD withdrawable upon KYC approval, I would have thought twice. But the word trial was the key. I dismissed it right away. My account was then limited to transact withdrawals and cancellation of orders. I'm not using Binance anymore.
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It seems a tug of war is happening at the moment, with both sides gaining the advantage alternatively. First, there was the good time, and then came AOPP, and then followed the outcry which resulted to the wallets taking back the implementation.
It is interesting that the public's voice prevailed at the moment. But how long could such a force as public outrage stop these wallets from bowing down to the letters of the law? How long does the resistance last? Could these wallets continue to submit to the demands of their clients when what could be at stake eventually is their license to operate?
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Well, inflation will always be here, at least for as long as the current economic paradigm is in place. Money will always have to weaken regularly. That's necessary in the economic model that is prevailing right now. What is important, though, is that the level of inflation should fall within the range which is considered tolerable for any economy to continue to thrive.
However, things are not smooth nowadays with the pandemic wreaking havoc in economies around the world for years now. That's true even in rich countries like the US. It must be hard even for them to somehow strike a balance between keeping the finances of the country afloat at the same time tempering inflation in the midst of health lock downs.
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It's news like this that I am interested to hear, not only the acceptance of Bitcoin from their franchisee around the world but also the planned acceptance of Bitcoin in their restaurants. This is the kind of adoption that would propel Bitcoin into the mainstream, not as a store of value or an asset but as a currency, a money anybody could spend.
I hope, Flaherty won't be sticking to his first option, though, as regards what to do with the Bitcoin they will be receiving.
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Any individual could easily give you scores for the day for all teams and players in all sports. Some may turn out correct; most, or even all 99.9% of the time, will turn out wrong.
So if your intention is to earn from these inaccurate predictions, please stop your plan as early as now. I'm afraid you won't get far with this.
And please don't think that by sharing these uncertain score predictions to your fellowmen you actually help their daily living. No, you are only giving them false hope. You are only making them gamble what little money they have. What if they lose? Are you going to buy them food?
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Same here. I am also wondering why Bitcoin's price is still stuck this low when good news are around us. Shouldn't it be $100,000 or even more by now? The pandemic is still with us. Economies have yet to fully open and recover. Fiat are losing value much faster. Inflation is surpassing tolerance level. People are still finding better ways to keep their wealth.
But I guess the number one reason why Bitcoin is still this low is that the bulk of Bitcoin's circulating supply is in the hands of a few whales or institutional investors or whatever. If two of these whales dump, the market could move downward. I don't think the demand coming from retail investors could absorb a strong inflow of dumped Bitcoin from huge investors. Not to mention that many of these retail investors are simply making action depending on the current market sentiment. They fear; they FOMO; they just react emotionally. And Bitcoin is still not that widely known.
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Surely, you can never be late to embrace a decentralized currency, can you? It doesn't matter whether you discovered it yesterday or today. What matters is that you discovered it.
If you refer to earning opportunities from Bitcoin, however, you are definitely late if you compare yourself to those who came earlier. Gone are the days when your money invested in Bitcoin could x5 in value quickly. We are late compared to those who bought bitcoin at $5 or $100. But we are definitely early compared to many who will buy their first Satoshi when Bitcoin is already worth $300,000.
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Please correct me if I got it all wrong.
Should the prevention of crypto exchanges providing liquidity for cryptocurrencies be equated with shutting them down? I don't think so. That's probably going too far in its interpretation. If at all, it will probably just cleanse trading platforms of fake orders and volumes. If such prevention is implemented, thousands of shitcoins might lose liquidity and die. Well, it's going to be a problem to many but will also be a sort of a protection to a lot at the same time. After all, we all have an idea how huge of these centralized exchanges' reported volumes are fake.
And it's not about privacy. As a matter of fact, the death of centralized exchanges might preserve privacy more than jeopardize it.
Interesting. So, you mean that that "Anti-Crypto Provision" can harm sh*tcoins, but BTC is going to be alright? And that centralized exchanges will be more regulated, and they won't be able to report fake volumes, but it won't be like all crypto exchanges will be shut down? I mean, I know it can be a dangerous oversimplification, but to me it looks like we can say that Bitcoin has become so powerful that those "anty-crypto" actions, any of them, can be a threat to anything but BTC. Bitcoin will always be least affected. Can we say that? I am not generalizing as claiming anti-crypto provisions could only harm shitcoins and not Bitcoin. Bitcoin is crypto. Anti-crypto could also mean anti-Bitcoin. So it will have to be on a case-to-case basis. It depends on the particular provision. I'm afraid Bitcoin has not become so powerful it has reached an untouchable stage or a level in which it is completely immune to anti-Bitcoin actions. I don't see it that way. I am only referring to this particular bill, which I haven't read word for word, by the way. The bill is not to shut down all centralized crypto exchanges, as being interpreted here. It only prohibits these exchanges from providing liquidity for cryptocurrencies. In this particular move, Bitcoin is least affected. |
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Is that what Bitcoin really is to you? Have you gotten to know Bitcoin a little more deeply? What do you think is the reason why Bitcoin turned from basically nothing into a $38,000-currency? That, despite of a strong resistance from all directions, heavy criticisms, extreme labels, and so on. Do you think in buying Bitcoin people only buy a number registered and kept in the blockchain? Have you heard of any decentralized money? Have you heard of a tamper-proof, censor-proof, borderless currency? Have you heard of a currency whose supply is fixed, hard-coded, in the system?
Anyway, for argument’s sake, people give value to anything under the sun. It’s all about agreement. If a community agrees among themselves that this unique kind of leaf or that shiny kind of stone has value and could be used as a currency, it will have value. You have to take note that people worship a tree, a stone, or whatever.
Bitcoin turned from basically nothing into a $38,000-number because people accepted whatever ask the sellers put on the market. I am not accepting it because I am a rational buyer. I am checking what I am buying. That's why I asked the questions. I don't deny that there are a lot of people nowadays who simply accepted the price the sellers put. Many in the Bitcoin community nowadays are sheep. They don't really know enough about Bitcoin. They just know that there are people who made the careful study and concluded that the future of Bitcoin is bright. And the price has offered a sort of a testament for it. Because of this, they also want to own Bitcoin. Not a few among us simply joined the bandwagon. But I don't want to compare you with them. I want to compare you with those who made a thorough study of Bitcoin and arrived at a conclusion that the technology is simply radically amazing. Billions are poured into Bitcoin after a serious scrutiny of its features. Perhaps you might want to wonder why they have a different conclusion. |
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Over the years in cryptocurrency, through ups and downs, gains and losses, mistakes and learning, I finally feel a sense of satisfaction. Good news for me when the market is bad. I too have heard stories of growing up overnight and felt the need to get involved. Dog coins and 100,000 $ ++++++ ... I heard the strange joy of owning something. Anything but all this was just a lack of knowledge and clarity. It was as easy as gambling. Like growing up overnight?
I heard a lot about Kipto last year. After hearing that, I sold my tokens. Towards the end of 2021, I had some successes and some failures, yet there is no direction and zero certainty. I was disappointed. Turns out, I have to start from scratch, educate myself, read books, listen to experts and I did. I didn’t skip investing.
I ate a lot of los at one time. But did not give up the investment. Forget trading, forget short-term gains and losses. I traded a lot and got caught, but for the sake of my future, I wanted to accumulate a small amount of this finite resource. I felt the urgent need to acquire a full bitcoin and I halved it. For the first time in my crypto journey, I felt a sense of certainty that I was lacking. So far I have been able to achieve half of it. This achievement of mine is a lot to me. Have I expanded my investment to achieve this? Yes. Would I personally be okay if it went to 0? Yes. This is a risk I am willing to take, and the more I learn, the more confident and more I make my investment.
Now that I have half a bitcoin, I need to cherish it. My next step is to make a bitcoin with it.
Quoting this post in case editing will be done. While reading this post, I felt a sort of a deja vu. It made the impression that I must have read the same post recently or something similar to this. It took only a while before I found the post I am referring to. Check it down below. Hello all,
After years of dabbling in crypto, through the highs and lows, the profits and losses, the mistakes and the lessons learned, I finally feel a sense of satisfaction. Like many, I heard stories of overnight riches, and felt the need to get involved. Dog-themed coins and the odd euphoric state of owning 1,000,000,000,000 of something.. ANYTHING.. it all just lacked sense and clarity. It was gambling, pure and simple.
Toward the end of 2021, I sold it all. I had some successes and some failures, yet no direction and zero certainty. I needed to start from scratch, educate myself, read books, listen to experts.. and I did. I soon realized that I should have been investing in Bitcoin all along. Key word: investing. Forget trading, forget short term profits and losses. Rather, accumulating this finite asset in smaller amounts for the benefit of my future. I felt the urgent need to acquire one full Bitcoin, and I did. For the first time in my crypto journey, I feel that sense of certainty that I had been lacking.
Did I stretch my budget to achieve this? Yes. Will I be OK personally if it goes to 0? Yes. This is a risk I am willing to take, and the more I learn, the more confident I am in my investment.
Now that I have one Bitcoin, I need to cherish it. My next move will be transferring it from an exchange to a cold wallet (Ledger, perhaps?)
Looking forward to furthering my Bitcoin journey with you all on these forums.
Best. Is this simply a case of coincidence? Or is this plagiarism? Or perhaps a mere case of text spinning or paraphrasing, which is still essentially copying? Or are the two accounts belonging to the same person? In any case, the story is made up. It mustn’t be true. But lucky for both OP and the newbie, 6000SUX, for gaining a good deal of merit including from LoyceV, o_e_l_e_o, BlackHatCoiner, pooya87, and others for telling a lie. I hope I’m wrong. |
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