Is money the real root of all evil in today's society
Quote
I do not think so, it’s like saying we don’t need money, but money sustains life. It will always depend on how you used your money. There are many meaningful things you can use the money for; e.g., building hospitals, feeding the homeless, building schools, a fund to teach people, charity workhelpingelp technologsupportingort the government in enhancing its citizen's way of living, and other many things you can do with worthwhile money. I have read about “the love of money”, it talks about every behavior of an individual, not money itself that as the source of all different types of evil and distress. Money is ethically neutral; I believe there is naught wrong with money or the ownership of wealth. But, once the money starts to control a person that is when the trouble began. People being controlled by money will feel superior and takes pride in power which leads to greediness and obsessions of an individual. He or She will enjoy the luxury of life, they will use their money to dictate and control other people for his or her will. Money is a necessity that is why people do fraud, insult, kill, and do bad things to have it. Hence, it is not “the money” but “the love of it” that is the root of all evil.
You cannot say money is evil as it is necessary for trading. You can say that unequal distribution of money is evil. People in power have printed a lot of money for them and now poor people are losing their purchasing power causing a lot of problems including theft, corruption, dishonesty etc. How ever both of you try to justify it, Money is the main Action point here. There is no way you can spin the discussion without ending up mentioning money. Even if you are saying unequal distribution of money is evil or the love of it it is however money that is the issue. Most times you don't know the true character of your close family/friends until they have money. |
|
|
|
Did you tell that to your friend? Because it sounded like he is now your responsibility.
Whoever gave him the idea that he can make huge amount of money after a month of investing really made him totally believed on it. I hope its not you because he really put it all down the line. Helping a friend in times of trouble is being a good friend and he seem to be in need and you are the one he calls for. Hope you know him well and not trying to scam you. I'm not saying he is a scam but find out. Just a warning.
Right, but it could also be that the friend just got to know about Bitcoin and was not really thought the whole of it but as usual the making a profit part and also believing that this was possible within a month of investment when the market is not on a proper bull run and as you said, hoping it wasn't OP that introduced his friend and now is been called upon for assistance. I just hope new investors would take the time to understand Bitcoin and the market sentiment before going all in. |
|
|
|
Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?
For now, there are too many reasons why people love bitcoin. In fact, from all aspects, people have their own reasons why they love bitcoin. For example, in investing, by using bitcoin properly, you can get bigger and faster profits than other investments. Another thing is, bitcoin has a completely decentralized system, so no one really controls bitcoin, and it naturally moves based on the needs of its users. In terms of transactions, it is also very fast and can be done instantly. for example, currently, there are quite a lot of natural disasters that occur, with bitcoin, we can make donations quickly, even in a short time. There are so many reasons to love bitcoin. You are quite right about your reasons why people invest in Bitcoin but most investors now I would say are mostly focused on the speculative aspect of Bitcoin, Investment for the hopeful profits that will be earned and I believe this is why we always see the quick sell-off whenever there is some sort of FUD news. However, I think all of Bitcoin's unique abilities will surely make people interested in Bitcoin especially its decentralized nature for me. |
|
|
|
I felt like seeing a movie and opened my streaming app (Netflix) to make a selection of a movie to see and I became confused which to select because of the many choices that I saw. I immediately had this thought that it is the same way people who have the interest of investing in cryptocurrency become confused the one to invest in when they find out that there is bitcoin and many other altcoins. Many people become confused and make mistakes because of the many options they have in cryptocurrency, they fail to invest in bitcoins because they think that there are many other very good options. Do you agree that more people will choose to invest in bitcoins if there were not so many cryptocurrency choices although not all are good?
I don't agree, not really. The main reason people invest in other cryptocurrencies they invest in is mostly because they believe "profits are quicker in other Alts and investing in Bitcoin needs fund" Imagine investing $100 in Bitcoin or investing it in some other Alts and I don't mean like the real shitcoins, they might feel they are in a better position with Alts rather than Bitcoin with regards to available funds and ROI. |
|
|
|
~ Do people hodl just because others are HODLing?
~ Why do people hodl rather than sell and buy again when low
~ What is your major reason for HODLing and how do your survive the bear market?
When the cryptocurrency falls, newcomers panic. They don't realize it's A SALE. And experienced people buy it without succumbing to emotions. Absolutely logical action, since it follows the golden rule in the world of trading - buy when the coin is cheap, and sell for expensive at the top of the price. In the future, the price of bitcoin may fall even lower, so now you should not buy with ALL the money. It is always necessary to leave financial room for maneuver. In our case - additional purchases. Keeping bitcoin without sales and purchases is not right. I think you should always balance between BTC and USDT. Right, so I really don't get the logic of HODL forever without taking advantage of the market opportunities as in the Bull and Bear markets. I still believe in the idea of investment which is making a profit hence it is practically OK for you to sell your Bitcoin so long as you are doing it the right way of buying lower and selling higher, taking profits and doing it again around the market circle. |
|
|
|
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?
I would say it depends on your situation. You will most likely not spend your cryptocurrency if you have some other funds to spend on your daily purchases, what happens if you do not have extra funds and your crypto is what you have to spend, it wouldn't matter if you spend it directly of converted to fiat you are still spending it somehow. So if you don't have extra funds you might just end up spending your crypto. |
|
|
|
Given these factors, the dream of financial freedom can come true by using crypto currency?
The answer will vary depending on the country, age, current job and your definition of financial freedom. Achieving a return of 100 dollars is a large amount in countries and an amount that is more than normal in other countries, and therefore, just as if you are still in your parents’ house, it is different from if you are alone and responsible for the cost of your life from a person who has a family and children. Financial freedom means continuity of learning, otherwise they are just illusions that we try to believe. Exactly, I believe all factors should be checked before you can really claim that cryptocurrency has given you financial freedom. People that are not responsible for others or anything but themselves can't really understand that bcos no major billing is accrued to you, however, I think until you have been able to get those earnings from crypto you could reinvest even into other sectors and not waiting on your initial investment and this is outside the fact of "Not your keys, not your coins" |
|
|
|
I believe it's struck your mind sometimes to be conscious of what your doing investing in bitcoin thinking it might vanished over night like ponzi skims or the current bearing down threads that has happen over without reversing, if you like if this stuff keep going down, I will sharply and smartly take off my investment but guy's there is good news I guess but I don't have the technical and fervent knowledge of cryptosystem, that's while we are throwing threading questions to the forum, bitcoiners, gurus of the business to expatriate of it.
So guy's what do you think?
What's your ideas and knowledge?
What's the hope of Bitcoin for our future generation?
What's do we expect fears or braveness?
I believe that basically, you want to be convinced that Bitcoin is something that will last from generation to generation because this is what I read from your question and I don't think anyone can really tell you that. However, if you do believe in Bitcoin then investing in Bitcoin now and probably making earnings from it that will last another generation if well managed which is sure, or maybe Bitcoin itself will continue even after all has been mined for many decades whether as a speculative financial instrument and as a continues payment currency. |
|
|
|
I would love us to share this idea, I have it in mind to introduce Bitcoin to the people around me, but I wish to ask, how do I go about it,
Do you think it will be of advantage or disadvantage to my community?
How did you get to know about Bitcoin? was it from your community or from somewhere else and now you want to take it to your community and how much do you really know about Bitcoin? Has any of your people spoken to you about it before? IMO I would say even if none of them know about Bitcoin, it wouldn't be a bad idea to talk to them about it but you must understand what it is all about and not just that this is the new way to quickly make money. |
|
|
|
This seems like an investment site and I would have believed that you ought to have read their conditions before investing also, I am thinking instead of investing on sites like this, I would have bought Bitcoin directly from the exchange and hold. When you were registering didn't you enter your own BTC wallet address or didn't you create one on the platform? cos from your statement it does look like you don't know that wallet address and that is not a good sign. Experienced Support
With trained and experienced support staffs, all your queries are just one click away from getting answered. Our support team provides 24/7 support and assistance to customers. they say they have that support, so why not reach out to them for assistance? |
|
|
|
If for any reason, Euro become obsolete, as well as the dollar and some other major fiat currencies, and the world have to adopt bitcoin and cryptocurrencies overnight, and needs to choose a stable coin, then that stable coin must not be USDT.
USDT is a stable coin that is controlled by a centralized body, this simply means that the company has the ability to freeze your usdt tokens while they are right inside your wallet, this does not represent the decentralization which bitcoin and crypto in general promotes.
The world needs a decentralized stable coin that runs on its own like bitcoin, that the world government can not manipulate and a group of people can not control, anything other than this is like we going back to what we already rejected.
Right, and not even any other stablecoin might even qualify because I want to believe that they are all controlled by a centralized body and talking of Bitcoin. Do we really think that this assumption can even happen? Considering What Percentage of Bitcoin has Been Mined above 90%, are the Government able to mine the rest for themselves without any other person? or how are they able to run their economy if their fiat currencies become obsolete as some think and thinking they will adopt Bitcoin they cannot control? I believe Bitcoin will still remain as it is, mostly an Investment asset, and will be accepted by those who want it as a payment option alongside the existing fiat currency. |
|
|
|
Ok so this is a little down the road from here but assuming after the next halving and bitcoin goes into another bull run, when would be a good time to sell?i have already went through a couple of bull runs and bear markets but i didnt sell and take profits. I would like to sell before the next bear market to take profits this time.
So if bitcoin's cycles remain true, when roughly would be the start of the next bear market after the 2024 halving and bull run for a good time to sell. Can this be predicted somewhat? For all you TA guys when would be a good time to sell just to give me an idea? Thanks.
I want to believe just like you have gone through a couple of Bull market circles and you didn't sell because you didn't think you have to which was wholly your decision, I believe this too will be decided by you alone cos it is your investment. Investors should have a target as has been always clam, you know if your investment is for the long term or a short time and at what percentage of profit, this should all be your own decision, just imagine someone advice you to sell when BTCitcoin hits $100k which you did and it eventually went to $150k ATH  |
|
|
|
Bitcoin is digital currency that is being widespread almost all the continent, and some people notice the development of Bitcoin very late, and it enables some people not to invest in Bitcoin in far back 2009 and 2010. Therefore i noticed that teaching children of Bitcoin in early stage and mostly children that is up to ten years and above, inculcating the functions and the importance of Bitcoin in children will make them to develop widely with the knowledge being inculcates with them already. I think that Bitcoin is good to be known from youthful age. I have noticed that assuming so many of us notice the important of Bitcoin in time we would have all be a partial millionaire if I'm not mistaken of being a full millionaire.
So this is mainly because of the money, "Being a millionaire" I think this shouldn't be the first thing we put in our children's minds. Children should be allowed to grow and do children's things while you as the Adult figure out the adult-like things. Even at school, children are thought according to their levels and not because we know statistics as a subject is good we put them through that at that age. Bitcoin is still quite young if you ask me so why think noticing Bitcoin now is already late? |
|
|
|
How long do you think it will take for paper money to be phased out for good? Will CBDCs be able to replace not only paper money but also credit/debit cards? Your input will be greatly appreciated. Thank you.  Why so much in a hurry for it to happen. Paper money will go out at the right time when people are already very used to operating, Buying and selling without paper money. Around some of us, this is already happening, people are used to paperless economy, but not the same situation with everyone everywhere. The time when paper money will go out of circulation completely will happen with even the government forcing it to happen, it will just happen because will no longer see it as something to do when there is the safer paperless method for transacting. Well, you would understand how some of us want things to happen when we feel like it is the right time. I, however, agree with your own assumption, paper money will naturally fade out once people get used to using digital transactions I however still believe that this will still predominantly be within the Urban settlers because, in my region, it will be difficult to conform people living in rural communities to give up using paper monies because these people are still heavily unbanked and are still only used to that form of transaction. |
|
|
|
The interviewers would just say the job is not entitled to any insurance or benefits, what they can offer is a very low base salary and the commission part would be subject to how many sales the employee can bring to their company. My friend was not willing to take any of them because he has a family to feed and his wife's condition is unstable which could need a lot of money for surgery at any time.
It is even because of that bolded part that your friend should take the job. I am talking from a personal experience here, my wife did not need any surgery but I too turned down job offers because I mostly thought they were not willing to pay me what is desirable based on my previous jobs and experience and it was a difficult time caring for the family. I believe you should advise him like someone also mentioned earlier, it is better to take small than not to have at all. |
|
|
|
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?
In my honest opinion, until you sell, I don't suppose there's is a loss but just a delay in making sales and taking a profit but that said, you should invest monies you don't have use for in the interest future so you can withstand the long bear market if it happens again. Nobody can tell you the exact level it will fall or could go but if your intention is for a longer time then you are prepared to ride the wave. |
|
|
|
To somebody who is planning to religiously pay his crypto taxes, then this is really advantageous. At least he is now guided on how to compute his tax as far as his crypto activities in Binance is concerned. But he has to make sure first that Binance's computation is based on the latest tax formula and policies in his country. They could change every now and then. To be honest, it is better to consult a local tax expert than Binance. Local tax experts know much better than whoever is assigned in Binance to come up with a tax computation.
To be honest, Binance coming up with this is not really necessary. But they must have thought of this to make them look good in the eyes of regulators.
Agreed with what you said about local tax experts and whoever Binance is assigning to do the job however, I want to believe that Binance on the other hand might want to or will have to work with some local tax agents in doing this for different regions, especially in those regions where the Government has already accepted crypto-related transactions. I do however believe this is a good step for Crypto investors as a heads-up in resolving the issue of knowing what is due. |
|
|
|
Binance leaving the market? Can you imagine this it will be a big panic and of course people will be more hesitant to start their crypto journey because big exchanges are leaving the market.
You’re not that evil but you’re just over thinking, CEX will stay and will continue to compete with DEX like it or not. What happened to FTX can still happen though and this is a reminder that we should not store any crypto for long term on ang exchanges.
I believe that this is the big argument and will continue to be. The reason why we keep talking about CEXs when anything happens is because of the amount that is lost by investors in the process because investors have refused to understand or accept that level of associated risk, unlike the DEXs where you just connect your wallet and finish transactions, disconnect from all sources and that's it however, I believe that the services obtainable on CEXs are still one of the factors drawing investors that way. |
|
|
|
What do you think will happen to crypto if institutional investors all decide to stay away from crypto investment this time around? Do you think crypto can surge of it's own especially Bitcoin without the help of institutional investors money, do not yab me for this question, I am not sure what will happen I only need people's different opinions.
I am guessing before the 2017 ATH we did not really hear how much the institutional investors were involved in the level that Bitcoin went. I think it was after that 2017 ATH that we started noticing all these institutions paying attention to Bitcoin investment and if that should change for any reason I believe Bitcoin will still hold its own as before and as long as there is still demand for Bitcoin by every other individual as before, it will continue on its trajectory but may be slower however, I don't think anyone even the institutions are willing to step out of Bitcoin investment now. |
|
|
|
Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.
I don't think it is a question about is 0.1 BTC enough but how long are you willing to continue going or DCAing? Your extra income is not going to end at a particular time, is it? People that DCA continues to do so because they can afford to spend that amount weekly, monthly or otherwise but unless your side hustle is ending at a particular time which you have calculated will come to 0.1 BTC then that is what you have and it also depends on the country you are and the market price. What 0.1 BTC is worth now will not be the same during ATH so just keep doing what you can and don't stress about it. |
|
|
|
|
Show Posts
