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Everything depends on the way you manage things. It is wise to make calculations based on what you earn. When you make such calculations, we'll learn how to limit ourselves. When we don't take income into consideration, we'll end up in debt. Whether it is a single source or multiple sources of income, it doesn't matter at all. How we skillfully handle the needs and fulfill the family and personal needs is the success of our money management. If we've got the thought that the income source needs to be increased, then within the earnings we need to allocate more towards investment, which assures better income for the future.
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Earlier, people had the misunderstanding that bitcoin was a quick-rich scheme. During those days, there was not much awareness, and people were easily scammed. In the past, there were people who got lucky enough to invest at the right time and enjoy a good profit. Looking at them, many people expect the same to happen for them. This is completely out of reality, and many lost their funds. During those days, multiplier schemes were also common, but very few realized those schemes were traps. Bitcoin is a make-you-rich scheme when one has the ability to hold and stand with what is available.
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I think not all people aim to invest not because they’re not knowledgeable, but because they knew from the start that there are always high risk of losing from certain investments. There is no assurance of creating good ROI that’s why if they will only lose their money, then why do they have to risk their funds in investing when they can do all the saving and keeping a good amount consistently.
Sometimes, saving and investing do not compliment with each other. That’s why some people chose to stick to only one thing, either to focus on saving or stick to investing even without stable amount of savings.
Our savings and investment will do the working, it's more like showing working when it comes to the system. Investment are mainly for the promising future, one can invest and not see the current result not until several moths and years, as long it's prominent, one needs zero fear because there's certainly evidence for these startup investment. They're both important in the life role of human. I can not recall the countless times I've fallen back to my savings because they're always necessary and saving us in crucial circumstances. Well said, investment makes the future better, whereas savings serve as the basis for investment. Investments are long term focused, whereas savings help meet immediate needs. As most of the users said, it is good to have a diversified plan where one can save 30% of the earnings and invest 50% and 20% for emergency needs. Investment gives a better rate of interest, but the same comes with risk, whereas savings aren't.. The present generation is much into investment, as the people are well aware of the difference between the two. |
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Similar to the mentioned incident, it is possible to see a good number of users losing access to their wallets, which have a good amount of bitcoin. People never thought of bitcoin reaching this high, and the same makes them go careless. When the price has reached its peak, people start looking for the wallet and try to remember the recovery phrase. Some people were lucky to recover the wallet with the backup, but the majority lost it. So, we need to be careful when handling anything, despite the value it holds.
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People who focus on halving as the key time to make a good profit out of the investment can go forward and invest at the current market price. We can't be sure of the correction going down to $65k. More than 34 days for halving, and more incidents could happen within the time frame. For users who have a plan for investing at a lower price, they should have patience, as the price will reach the ATH, slowly drop, and turn bearish at some point. Maybe using those opportunities we need to hold until the 2028 halving for better profit.
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Even now, people laugh at the old post. Everything has a reason, and without proper proof, we shouldn't put forward a statement. The price went down as a result of whale manipulation or playing in the market, which is acceptable, but the whales created COVID, and out of that, they tried to multiply their holdings, which is not true to my knowledge. I don't know whether you've got some insider information. However, the market bounce is assured, and people who thought that the price wouldn't bounce back and didn't invest will feel bad for making the wrong decision.
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Investing at the peak price to make a profit is a high-risk investment. As we've got more than 35 days for the halving, there are chances that the price of bitcoin will go even higher. Keeping the same in mind, taking the risk seems to be fair for people who have the ability to invest big as well as the patience to hold on. Because if the market turns bearish, he should have the patience to hold and avoid the loss. Here, holding could be for months, and it can even go for years.
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Now it's time for regret. Everyone who had the opportunity to invest at a much lower price but believed that bitcoin wouldn't go high in value and failed finds it hard to digest and accept the ongoing growth. From the very beginning, governments around the world wanted to have control over people's minds and money. Bitcoin got innovated, and it served as freedom for everyone who wanted to have control over their own money. This is why we were able to hear that bitcoin is dead often, but everyone who went with those words will now realize the reality.
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Saving money is always good,than spending it on things that is not important, because we don't know when the emergency come and if we don't have money we will be force to get a loan with a big interest and it will surely bring us down in the future, so if we save money we will also save the future if there is an emergency and calamity we will not suffer so much because we have savings to spend for good.
Saving money is really a needed thing, considering the ongoing economic situation. When we prefer to save, we should save the money, avoiding unwanted spending. Quite often, we end up with different needs, and if we postpone the requirement for a few days, we'll come to understand whether the requirement is a must-have or not. This way, one can increase the saving capability. While giving importance to savings, we should learn about investment, because it is the only way through which one is able to make better money than just saving. |
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Unlike the market price, buying bitcoin for a specific amount weekly, monthly, or based on some calculated time interval is the right way to increase the bitcoin holdings in our portfolio. Not everyone is able to spend a specific amount regularly on buying bitcoin for long-term profit. In such a situation, it is advisable to buy with the amount one can allocate. Whether the amount is small or large is secondary; one should develop the mentality to save in terms of bitcoin.
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OP has mentioned the term luxury with the MacBook and given a briefing on its usage. I would like to consider using a smartphone to give the briefing. Just a $100 smartphone does almost as much as a $1000 smartphone. Here we'll see the difference in how it performs and the smooth execution. Another thing is that the life of the product is greatly dependent on how well we use it. So, it is all about the person's mind and not about the product. It is true that for some needs we cannot compromise and specific products are necessary, and without that, going for expensive products is kind of wasting money to show off your own.
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Considering bitcoin as a choice for the pension is a great plan. One could enjoy his retirement life in a better way with the savings made in the form of bitcoin during his service. However, having a specific amount in the form of fiat is good because we don't know when the market for bitcoin will reach its highest value or when it will drop. At our needs, it might be seen at the bottom, and the same might make the long-term savings in bitcoin unprofitable. This can be avoided if one has the ability to hold. To have the experience, it is good to have a certain amount of money to meet unexpected needs.
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That's what freedom does, perform anything you want with your money and using third party for exchanging Bitcoin to crypto and vice versa is their choice and you can't force the people to do what they have to.
Using Bitcoin as money is good but using Bitcoin as investment made more people to actually enters into the Bitcoin in first place and in future we don't know how it turns out to be.
Bitcoin got innovated for some purpose, and over the years it started to get a transition as an investment rather than money. As a form of money, bitcoin eliminates third parties. However, people are very used to centralized services, and the same has led them to use bitcoin on centralized services. So, the prime purpose behind the innovation isn't effective. The growth of bitcoin in a much shorter time period has made it a highly profitable investment and trading asset. Bitcoin provides financial freedom, but people are more interested in the profit it provides than the freedom provided by the innovation. |
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The president of El Salvador has already made an official statement concerning the country's investment in Bitcoin. You can check it out in his X account and the post have gotten about 3.9milloin views. He indicated that the investment has yielded about 40% profit and the nation has no plan to sell. He also stated that the country's main source of acquiring more Bitcoin is through its citizenship program. He also lashed critics who were writing all sorts of rubbish about El Salvador but are now silent when the country is making huge profits. Countries that want to take the same step as El Salvador have to study the steps of the Latin American country and also ensure that they invest in infrastructure and Bitcoin education. Haters and those who are pessimistic about El Salvador have now gone silent after Bitcoin rose above $60,000. This is even more extraordinary with the Bitcoins owned by El Salvador which they are buying gradually even though the price has fallen very much. But Bukele believes that this will produce extraordinary profits in the future. 40% is still a small profit, we will even see profits of up to thousands of percent when bitcoin's ATH is reached. it's still the beginning and EL Salvador keeps buying bitcoin. You should know that bitcoin has many haters, and whoever embrace bitcoin with his body and soul as an investment for the future will criticize your action, because they see that you believe and have trust in bitcoin as a game changer. If you don't have the strong believe that if not bitcoin, then nothing can give you such profit assurance in the long run, you will listen to all the side talks and media critics, and miss achieving your goal. This was the same way that people criticized bitcoin, and those early investors who saw the vision of what the value of bitcoin is likely to be, had the believe and they invested without listening to whatever people are saying. Currently, those early investors are in huge profit, and they are mocking those that taught that they are mad or foolish to invest in bitcoin, just the way Nayib Bukele is mocking those publishing bunch of nonsense on the media about his action when bitcoin was in the bear market. Bitcoin has put all of them to shame. Amidst the opposition from the citizens, Nayib Bukele took a strong stand on bitcoin as legal tender. In the beginning days, very few prioritized bitcoin, whereas the majority sold it for mere profits. None had the courage to consider bitcoin, and Nayib Bukele had done it in the right way, and now is the time for him to reap the profits, if required. The purchase was on average $44k, and now the price has grown above $66k, which is going to bring a good profit. The best part is that he's trying to improve the lives of people through bitcoin and technology adoption. I hope he succeeds in it at the earliest. |
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The meme coin is just a lucky tweak. Users can get an opportunity to enjoy the best if not, the funds can vanish. In the present market situation, it is possible to see the majority of the coins on a bullish trend following the move of bitcoin. This trend will continue till the market reaches the ATH value, which isn't known and has various predictions. Soon after that, there will be a market correction, following which we'll be able to see market progress with altcoins. It is the time when we were able to watch the real progress of meme coins.
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Bitcointalk Username: n0ne
Telegram Username: @en_0n
BSC Wallet Address: 0x2Fe8f898D2185aE58662D1aaB9fEceEF5aA16Fc4
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Bitcointalk Username: n0ne
BSC Wallet Address: 0x2Fe8f898D2185aE58662D1aaB9fEceEF5aA16Fc4
Participated in seatbet.io signature campaign that last for very few weeks.
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In the name of digital more things were happening around. In my understanding everything is a hype and those who were able to enjoy the good at the right time through investment finds it worthy. Other than that it is just a way of tokenizing services/asset and what have been used is the real estate.
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Financial education helps people to live better life with what is available. Most of the people doesn't have the understanding about financial management and they just earn spend and then borrow to fulfill their needs. At some point they don't have anything left to meet unexpected needs. This is all because of improper management. If a person had financial education, automatically he will focus on keeping aside a big part for savings and investment and with the left behind he/she will manage the day or month's need.
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Nowadays the return from the investment is based on the sum of money invested. Based the profit expected will be the level of risk and not everyone prefer to take the high risk. Cryptocurrency is highly volatile whereas real estate isn't the same as cryptocurrency. However both real estate and cryptocurrencies doesn't provide with the profit in the targetted time period. We need to hold it and look for the right opportunity to book the profit.
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