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financial stability keeps people from having problems financially because apart from being good at managing finances, their financial reserves and sources of income are well established, so that the needs needed can be met along with financial reserves for unexpected needs. for me achieving economic stability is very important as a gateway to enjoying life in this world, and life in the hereafter. but until I am already in my 3rd head, until now I have not been able to achieve financial freedom like that, hopefully it will materialize soon
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I was think about storing emergency supplies for 2 people.
How affordable is it to store enough food and water for myself and my wife.
A few years ago hurricane Sandy hit New Jersey hard and the shelfs were bare.
Pandemic came and lots of shortages.
So could I reasonable store 30 days of food and water for my wife and I.
How much space?
How much food ?
how much water?
propane?
I am a diabetic so I use high protein and fat low carb diet.
30 days means
30 cans of chicken
10 cans of tomatoes
10 cans of chickpeas
10 cans of cannaelli beans
10 pounds of roasted peanuts
5 pounds of walnuts
5 pounds of almonds
a bottle of multi vitamins
and 100 ½ liter bottles of water
a dozen cans of peaches
a dozen cans of pears
some parmalot as it keeps
some cereal
The above should do the trick for my wife and I. For maybe 45 days.
I can afford to have the above list I am thinking a lot of people can’t.
So how exposed are people to a solid disaster.
No fresh meat
No dairy since refrigerated goods may be gone.
I would think most of the world is a short time away from real food issues if food shopping is shut down.
your thoughts and ideas are welcome.
during a pandemic, stocks of food ingredients that we need are really needed to meet our daily needs, I think it's very good to make stock for at least the next 30 days, so that we can still think about being able to look for stock the following month due to food shortages. and of course we must start to learn to look for alternative food nutrients that can meet the body's needs, so that if one is difficult to find, then we can still meet our nutritional needs every day |
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Even before the inflation went high and before the pandemic, people were already having a hard time earning money for food. How much more now that everything is expensive, they struggle more? Those people who are saying to be ready must be in the middle class or rich class because they can be ready on it, but we that are below them, no matter how we say we should be ready, our finances can't. No matter how we say it, I know we need to find another source of income, but still, it is very hard to do it unless you are already earning a lot.
It is now very difficult to have any source of income as artificial intelligence reduces earning potential, although television claims otherwise. Wage levels are not changing, but inflation is reducing purchasing power. And there is no single solution to this problem. with income that remains the same, we also have to prioritize the needs to be purchased, therefore, of course, we must be able to save as best as possible to get out of a difficult position. actually there are many business opportunities that can be run, but sometimes it is difficult for us to start, and we are afraid of failure. therefore we must fix mentally before moving on. Artificial intelligence can indeed provide answers to what we need, but of course humans still need each other to meet their needs, and we can take advantage of that |
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One can try to learn some unknown information about trading from AI technology but AI technology cannot be directly depended on for trading and I will never directly depend on AI technology for trading. AI technology will make human work easier but AI technology will not do human work human work has to be done by human only AI technology will save your time and take your idea to another level. When it comes to trading there are so many unknown things that we can learn using AI technology, we have to try to know all these things. In the case of trading, we use AI technology and sit safely depending on AI technology, but we will not get success in trading. To achieve success in trading, we need to conduct trading activities manually.
AI trading is indeed a smart trade, but what we need to know is that AI trading doesn't involve emotions, and that's what manual trading gets. if manual trading is good, I think it will be more optimal if you use AI trading, but if on the other hand, we only rely on AI trading, I think it will actually backfire in the future, because the control remains with us. many people can't wait to learn manual trading, that's why many people take shortcuts and in the end most traders experience defeat |
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Your friend must be fortunate or wise enough to initially consider changing his altcoins to bitcoin. Not everyone who has invested in altcoins benefits from them. Altcoin investment is mostly good for a short-term investment plan not for a long-term goal. Once there are profits in it, you sell it off to avoid losses.
That's what I think your friend learned about altcoin investments, which prompted him to swiftly change them to bitcoin to secure his profits and increase his chances of long-term gains.
Isn't that the truth, I feel like there are way too many people who end up with not having any type of understanding how they should be changing back to bitcoin when the bear starts. It's not going to be easy to hold alts at that point and that's going to be the hardest part. When you are handling something like that, it's going to be a tough situation without a doubt. In the end, we are going to see some things change, and when that happens it's going to be hard to keep it. This is why moving back to bitcoin matters a lot and we should always be doing it that way. I believe that we are not going to end up with a lot of money, but we are going to probably end up with a lot less loss for sure, which is why people should do that. during the bearish season, altcoin prices may experience a deeper decline, so it is better to sell altcoins during the bullish season, and park them in stable coins, so that during the bearish season it will be safe to buy bitcoins, and will get more bitcoins, on the other hand we will also it's easier to make a profit. during the bearish season, the reference is bitcoin so it is indeed the right way to invest in bitcoin, the parent of cryptocurrency |
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Emotional is indeed human nature, this will greatly affect our trading. to vent it, we really have to have an account which can be used as our emotional outlet, that way the main account will run according to the framework that was actually planned. The scary nature of monsters like that exists in humans, and will subside after being overflowed, therefore after being emotional we will be stable again, it's different with those who are already pros, maybe they can fully manage their emotions
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Bitcointalk Rank: Full Member
Lifetime earned merit: 114
Bech32 address: bc1qyl5eqhj7y27qxvydjeygs3w54u3zets9wvr9ks
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Bitcointalk Rank: Full Member
Lifetime earned merit: 114
Bech32 address: bc1qyl5eqhj7y27qxvydjeygs3w54u3zets9wvr9ks
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I usually Invest a very small amount of bitcoin to another coin because I know this time is very crucial to invest in any new coin or even in an old coin.
Any suggestion from your side which is good for long term
If you are looking to invest for the long term, Bitcoin is the best option, and the speculations are that it might hit $100k next year. Looking at this trend/ market analysis I think it is the best time to invest in Bitcoin. If you have BTC, don't invest in other alts by trading your BTC. Altcoins that are worth the long-term investment are, ETH, SOL, MATIC, and XRP. general rule fo thumbs for many is that allocating very small share of the money to invest in altcoin just to convert it to bitcoin again for long term investment. i think many have done that and they are gaining quite the money overtime and its such a good strategy too considering the money invested in bitcoin will almost always turns out to be great. but I think altcoin investment not gonna be always that smooth sailing as expected. so someone should make analysation first as usually. but after all it does indeed gives more profit than the other considering the volatile nature of altcoin in general. therefore for altcoins I prefer to invest in altcoins that are close to bitcoin in ranking. for new altcoins maybe with small capital can be invested, considering that it has a big risk, so even if we lose, don't experience panic considering we still have major capital which can cover losses later. Above, we have mentioned several altcoins that are worth investing in, and we hope that the increase will exceed the increase in bitcoin, we are just trying to increase the risk higher, but basically stay safe. different from the new altcoins where we are just waiting for the pump and selling it, because if a dump occurs, it will be difficult to crawl back up |
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If you don't know what you're doing in trading that's the time you can say it's gambling. Trading can be a source of income if you know what you're doing. Trading with a plan and profitable strategy makes you increase the probability of winning. We all know that there's no strat with100% win rate but base on our backtest the strategy is working. So if you always follow your trading plan in trading, and not depending on the luck, you're not gambling.
They both depend on luck for us to be profitable in the space. Trading without appropriate information and strategy can be considered gambling, and it appears in both sectors. Traders with no trading experience are gambling with the market. Bitcoin has global recognition; even ordinary individuals understand what bitcoin is and the complicated information moving around it. Some argue that gambling is nothing more than calculated statistics and forecasts, while others argue that it is pure luck, which would only make gambling more exciting. gambling or trading depending on the knowledge of the trader himself. without knowledge, traders are gamblers who only rely on luck. but traders who have previous analysis then move according to the framework. so losses or profits are well coordinated, thus creating a healthy trade. and traders like that that are usually sought by corporations to become partners, because everything is measured properly and earns profit logically according to the target stated on the chart |
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Most of what happens to novice investors is entering the green season hoping to get profits quickly. even though investors should enter the market during the bearish season, so that they can maximize profits when the bullish season comes. sometimes those who have the intention to hold long term, skip the bullish season and wait for the next bullish season with the assumption that the price will be able to pass at a higher price. this happens a lot to bitcoin investors who set aside their money every month regardless of the season
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Indicators are only a tool to make predictions and indicators are not the only ones used.
Various indicators are also combined with Fundamentals so that we will know where the market is going.
Regarding the Time Frame used, the smaller the time frame chosen, the faster the price movement can be seen, and vice versa, the larger the time frame, the slower the price movement will be depending on what time frame you use.
Small time frames are used for fast trading, and large time frames are used for long-term trading.
It is not difficult to understand, just how you use it and how you get used to it.
Reading the movement of the candle will also help in trading, you must remember every candle that forms.
That said, predictions won't be 100% accurate, there will definitely be some mismatches and that's natural.
Smaller time frame should mean that you are about to trade in a smaller time frame as well. That's how it works and that's what it should mean. I believe that we are not going to end up with a bad result if we keep making the same mistake over and over again. So if you are using small time frame then you should not hold something for too long, if you hold it for too long then it gets out of that small time frames result and gets into a longer time frames result and it could be very different and you could lose some money. I suggest highly to just make sure that you know what you are doing and in order to do that we should be careful and just get out when the time frame goes beyond what we are comfortable holding it for. There are no indicators that are 100% accurate, and we can anticipate them to reduce losses, by means of cut losses. most pro traders also do it, where they realize that they don't always get profits, but if they experience defeat it is a loss that is measured in taking risks. as in our example using the EMA indicator, when EMA says the trend is up and we determine the buy area, it is not certain that the signal is correct, what happens is for example that the price goes down and penetrates the EMA, then we must be prepared to cut loss in the planned area |
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however other individuals prefer to invest their money in order to make more money. Saving is typically done for the short term, whereas investing is done for the long term. In the short term, it's a good idea to invest your money rather than save it. Saving is just a normal thing that you can't get anything back from, any amount you keep in a luck key that is the money you will see, but when you invest you will get a high profit back, as for me i would rather invest my money than save it.
Additionally, I would rather invest my money than save it in any form. I think if I put my money into better investments, it will grow, and that should be a great chance to raise more money. Even though they have separate accounts for savings, some people still find it difficult to save money because they readily tamper with it. However, after money has been invested, tampering is far less likely to occur. So I guess I might say that investing is the best approach to effectively conserve our money while avoiding temptation.but when someone don't have better place to invest the money with assurance of less risk, I will advice to get it save normally in account you can't touch unless you reach your fix time. investing money is much more useful, but saving also has the benefit of anticipating urgent needs that are beyond calculation. both are highly recommended to manage our financial balance. of course we save only as needed, and more to invest. in investing we must clearly master the field that we will invest, so as to minimize the risks that occur as a result of our lack of knowledge about investment. that way it is hoped that our wealth will increase in value, because it focuses more on investment |
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It is said that money is the root of all evil and that people become bad as soon as they have money, but to be honest, I see bad people because money is still in the minority; people without money, leading to misery, are innumerable.
Once you lack money, you will see the cruelty of the world; once you are short of money, you will truly understand that being rich means having many choices, but if there is no money, there is only one way to go: work hard to earn money.
When someone does not have money it will become soft like fresh bread but immediately money touches the person it will be obvious tahr the person get rigid, money is power, I don't believe in anyone know because I know quite well that you can never know the character of a humans until its satisfied or its contented with what it have. money must be sought before it comes to us. but it's also not that extreme to make money, we have to know that our portion as human beings certainly has limited strength. what I mean here we have to be regular between making money with sufficient for our life needs. For example, many people work overtime and they forget to eat, and end up getting sick. it means he doesn't love himself. therefore we must be able to create intelligent work, so that everything becomes balanced in our lives |
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It's so beautiful to imagine being a person with financial freedom. of course there will be many dreams that can be realized, such as houses, cars, investments, and other luxuries of life. but if that happens, then I will try to make the people closest to me happy first, so that in the end I can help others to overcome life's difficulties. life is not to enrich ourselves, but we also have to help each other, so that we get true happiness. and until we die, our practices will continue to flow, as if we live in the world feeling perfect
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both have a high risk, where the NFT only moves when the trend is, it's different with the meme coin where when the market is bullish, it can be flown again. so basically if to choose both I prefer to choose meme coin than NFT. when we can take advantage of both opportunities as I described above, it will give us big profits, but if not then big risks await. therefore I have both just for fun, but for now I only have meme coins to save, who knows when I win the lottery during the bullrun
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Regardless of any digital currency, it does not have any value itself. Its value comes from whether there is a market and whether it can be used in circulation. If it does not have these two points, it will not have much value. If there is a digital currency that can be used in a specific way If it becomes a currency in circulation, its value will be very high. Do you guys have any recommendations for this type of currency?
You have to find coins with a use case, but besides bitcoin, ethereum and some privacy coins the rest of the coins in the market do not really have too much of a reason to exist, now stable coins also perform an important function, however you cannot really earn money by investing directly in them, while at the same time stable coins seem to be on the sights of regulators and it seems they maybe attacked in an intense way during the next years. stable coin plays its own role. stable coins are needed in cryptocurrency to secure the value of the high fluctuations that occur. however, when a bullrun occurs, many people will sell their coins, and of course they will convert to a stable coin to wait for the next purchase if the price experiences a correction or trend reversal, unlike other coins that aim to make a profit. so both of them support each other for smooth business in cryptocurrency. |
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Some people say that the network signal is not good when you are away from home. If there are currencies that are traded offline, that would be great, and maybe there will be large-scale application scenarios for digital currencies! What do you think?
Once you discovered that the network is not good for you to carry out your digital currency at the moment, you can exercise patience to allow the network to appear before you can continue your crypto trading, because there is no way your crypto trading will be successful offline. Don't allow anybody to deceive you, that you can trade crypto offline because it will be difficult for you to monitor the transaction process at the moment which is very easy for any traders to lose their income to scammers. When there is a steady network in your environment, very easy for you to see very well the way the transaction is going in the market, and it will make you comfortable with the kind of customers you are transacting with at the moment. right, don't allow anyone to direct offline transactions on cryptocurrency, at least look for a stable network to make transactions, because that's the requirement to make transactions on cryptocurrency. of course this depends on the facilities of each region, if we are in a remote area, then go to the nearest city and usually the network will be better, after you make an investment transaction, then after that let it stay in your wallet, until you want to resell it, and then come back to the city |
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Indeed, humans are like that, and I do not deny that sometimes I also feel that way, and that is normal. What should not be done is when we regret we actually do something that should not be done, such as for example when we see them profitable we also do not want to be left behind which we often refer to as FOMO.
Good example, all of us feel the same way when we miss opportunities. But at the same time, we need to learn from it. Easier said than done. I don't think investment opportunities are something you can necessarily learn from. You miss something because no one knew it's going up. It's not like you can easily somehow find a similar gem. It's mostly luck and being in right time at the right place. There are way higher changes that you invest into something that's goes to ground even if it had decent fundamentals. All because you learned from the past one that this might be the next one. All of us are really that speculators and on the time that i do experience some losses or opportunities then i would really instill into my mind that im not the only on who had missed out such situation or opportunity. This would really be able to ease out that kind of frustration and disappointment because this is something that inevitable when it comes to investment where mistakes and errors would really happen. For you to learn then you would definitely be experiencing mistakes on which it is really that a stepping stone on making yourself way more better in the future. There's no point for you to keep on coming back on what you have done in the past because if you do always keep on minding it, then you would really be still able to commit on the same mistakes since you cant think up that clearly well. we use the mistakes that have been made to revise ourselves, so that later we don't do the same thing again. it is true that no one has never made mistakes, but not everyone can learn from their mistakes to improve self-quality. therefore don't be afraid to make mistakes, but make mistakes as an experience, isn't that what can make us greater is a lot of experience |
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