the only way to end this is for them to realize it and slowly change it but you know, not everyone wants to do that.
For example, if someone gets a salary, they think more about spending it on themselves now, and don't think about the future.
so I think some people already know it but they don't want to change it to suit their lifestyle.
This is how our society thinks: by dreaming about achieving someone else's life. We should live our own lives and invest in ourselves rather than keeping them in the bank which has been used by corporations to make money. If you look at a country's inflation rate and bank interest, then you will see we are not actually making any money by saving our cash in the bank. Either we are losing money or sitting at a breakeven point. Our dream should motivate us to build ourselves so that we can make fortunes and not bring more liabilities into our lives. |
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It seems that the op is suggesting financial self-accountability because a person is making an assessment of oneself here. But when I google financial accountability, it is, of course, about being accountable to others when performing financial tasks.
The op mentions potential benefits and a few tips, but no details on how it could look like. Is being aware of how much you earn, how much you spend, and what were your biggest purchases on a monthly basis enough to say that a person is financially accountable? Does financial accountability require setting and achieving goals, or can it be just about analysing spendings?
Financial accountability like op has made it look, he is talking about an individual being responsible in his spending , to be sure that they are spending money rightfully and not extravagantly. Yes it is enough to say someone is financially responsible and accountable to himself if he has mapped out from his income how much to be used in spending for different expenses like feeding, shelter, clothing, fun etc. If you are not financially accountable, you won't be able to put in shape the percentages of how much you want to spend for a certain period including making budget for it. It is good to make a budget to eliminate the expense habit but the problem is with the unpredictable future events that can force you to spend money outside of your budget. So this expense is something that we are not responsible but it's more demandable for that time being. Whether you have the budget or not you have to spend that money so in financial planning there should be a bag of emergency funds allocated otherwise your planning won't work sometimes. |
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So, my question is very simple. What skills are you currently learning or have learned and are earning from, and what is the reason why you picked it?
If you want to make your career based on online activity then i would suggest you focus on those skills that will have long-term demands in the market and will be easily automated. Automation has become a problem for people who work in online-based businesses. Now AI can do all the repetitive work and tasks that are related to data entry. These days all the data entry work can be done through AI so if your profession is based on copywriting, then you better look for another skills like CMR or something that can not be done through AI. |
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Many people don't like that guy but that man knows the system and he openly criticize it. I know he has his agenda for his aggressive speech but at least he is telling the truth.
CBDC can be a real threat to democracy and the people's financial freedom. If you need to think a few times before spending your money then you are not the owner of the money or we can say your money doesn't have absolute power in your life. CBDC can be highly politicized in many countries which will encourage dictatorship around the world. Let's see what lies ahead of Trump's future. Can he be the president for another term or he will go to jail!
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First tell me why someone needs to buy bitcoin? Having financial freedom sounds novel but most bitcoin investors don't care about it. The majority of the people bought bitcoin because they heard it makes multiplex profit in every 4-year cycle so they saw certain profit chances and eager to take it. If there isn't anything wrong about it, then buying some meme coin if someone saw an instant profit isn't wrong too. After all its all about making money and if some shitcoin makes money for you, I think you don't mind taking it. Lets keep the risk aside as it's not the same for all.
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Debt is something that a person should always avoid if possible. It is just an extra burden that can be a lifetime headache, so as long as borrowed money is intended to get an income source or boost current business it is okey. I have seen people trying to pay off his debt till his death and in some cases his children inherit this burden as well.
I don't understand what OP is trying to conclude here because I don't see debt as good or bad. If someone can pay off his debt in time even if he use that money to have some liabilities it shouldn't be any problem.
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Most of my portfolio is on altcoin so i tried to make it as diversified as possible. Investing in a few different categories of altcoin can not make your portfolio diversify because in the end they are all the same. But i tried to keep as much narrative as possible that have never seen a bull run and have the potential to be on the trend in the next bull run. I wanted to keep some tokenized gold, stock and real estate in my portfolio but it will be after the end of this upcoming bull run.
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The only bot i have used till now is a grid trading bot and i got an amazing result. I have developed a simple strategy to use this grid trading bot to make a profit, which worked well. I have used it only a few times so the strategy is not that battle-tested right now so I don't want to share how i am doing it. There are other useful bots like trailing stop loss and DCA bots that can be very useful if you know how to use these bots correctly. Be a master with one bot and you don't need to watch the market all the day to find a perfect entry.
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Actually I don't like copy trading even then if you are following a professional trader because what I actually believe in that your money your fund and the profit is yours and also the loss is yours. so it is better to do grow up your skills on trading before starting and if you are very beginner in trading you should start with Bitcoin holding for long term strategy with the DCA.
Copy trading is a nice feature for those who don't have time to sit before a monitor for a few hours to observe and analyze the market. There are investors who have other professions and still want to make money from the crypto market. Copy trading can be a nice feature for them to get a good passive income if they are careful enough to pick the right trader to copy on. The good thing is that these exchanges show the track record of all these copy traders, and it is not hard to pick the right one by seeing those data. |
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There are many differences between trading with a demo account and trading with your real account. A dollar loss in a demo account does not affect the mind. But if the real dollar of the real account is a loss, then a different effect takes place in the mind. Which is enough to demoralize a new trader. So I would say newbies should not learn trading from any social media. Do market analysis yourself and get maximum learning with your own demo account.
Learning the lesson the hard way will make you more strong and dedicated to your work. When it's your money on the table and you are losing it then you will put more effort into perfecting your skills and learning from your mistakes. So it will be better to use real money instead of demo balance but if you are a beginner then use 1% of your portfolio so that your portfolio won't feel the pain for the losses you will take by making all the mistake. Trust me this is the fastest way to skillup and i know this because i have gone through this. |
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We know better cryptocurrency market always unpredictable. Yet we invest in the cryptocurrency market. Sometimes the market gradually turns to bear.
My question is how do we know if the market will go bearish.
Some indicators can give you an idea about any changing market trends. These indicators are not paid so you will find them in the trading view, i can drop some names here but I want you to do some research about them so that you can value your findings. Also moving average is also a widely used indicator which can be used in higher timeframe to anticipate any change of overall market sentiment. Historical data also another key point of doing analysis about market changes in crypto. |
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I want to choose crypto currency trading as a career but I feel like I need to know a lot about it to choose it as a career and I don't think there is anything better to do from here. As I am new to this place I am trying to know which aspects I can take Cryptocurrency trading as my career if I know well. After searching various online platforms youtube twitter different places I realized that if I want to do cryptocurrency trading it is very important for me to learn many things first including - - Technical analysis
- Fundamental analysis
- Candle Analysis
If I can master the above I think I can be a successful trader Another thing I noticed is that when the market goes up or down again, no chart or technical analysis or fundamental analysis works Do I have to depend on the news or should I pay attention to the news that if there is good news in the market the market goes up a lot and bad news actually the market goes down a lot I am gaining knowledge from YouTube or different online platforms to become a professional Cryptocurrency trader Is there anyone here who is a professional trader, I want to help him that apart from the above mentioned things, what should I know as a professional trader, do you know of any platform or site from where I can take professional trader training ? I saw people make their careers in the forex and stock markets, but in crypto it can be really dangerous for someone whose primary income source is only the crypto market. This market is highly unpredictable, and with all the knowledge you are talking about, it won't be able to help in a major crash. You can anticipate trend changes in crypto market but there is not way you will be able to predict about all the major crash crypto market had often because all these cash is based on news events which can not be anticipated through any kind of analysis and these one crash can destroy your whole career. |
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How do you strategically navigate hyperinflation to safeguard your financial well-being?
Would you invest on crypto, stocks or household when the cash is not the king?
The safest ones are precious metal and real estate. You have asked these questions in bitcointalk community so I assume many will suggest investing in bitcoin but don't tell you about its volatility. If you don't mind losing 5k in value overnight or can keep yourself calm by seeing 5k in an hour then go for bitcoin. 5k is just a number used by me to give you an idea about volatility. Stock market is highly manipulated so it is not advisable to use stock. Make a decision by doing some research but keep in mind choose any asset class that has high liquidity and you don't need to rely on someone to liquidate your asset. |
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Twitter usage is really going down I think the app is more boring . What do you think we all know elon this might be another business Strategy right  I think that you're wrong about twitter being boring. The thing is that social media general is gradually becoming boring because with the so many economic challenge that is hitting the world globally, people don't really give a dime on what's really going on in that space, everyone is seriously about their business and only comes online once in a while to to clear off their head. Even with this, twitter is still very active and functional, nothing on twoter is basically posted by her staff, twitter users are the ones responsible for how active or boring it is and if you think that twitter is becoming boring and you are concerned about it, maybe you should post more in it so it wouldn't be boring. Under Elons supervision twitter has gone through a lot of changes, so it is normal to observe some anomalies in the twitter environment. But I want to admit that twitter is more popular than before in terms of free speech. It is also the most popular social media platform within the crypto community beside discord and telegram. So not sure twitter is taking loss in revenue or not but what elon is doing is working fine till now. We can wrap up a conclution after few years. Lets see twitter can hold its position with its compititor or not. |
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If you ask me I will say only buy Bitcoin but I see why latecomers are attracted elsewhere, there are other cryptocurrencies with unique features & potential for large growth. Diversification is key for some people, It is advisable to research & understand the potential of different cryptocurrencies considering factors such as technology, adoption & market trends. Each cryptocurrency offers different opportunities & risks so a balanced investment strategy that includes a mix of cryptocurrencies may be more beneficial for some in the long run.
For newcomers like me into the cryptocurrency market it is good to invest in Bitcoin first because it is the most reputable and trusted among all of the rest because it is the most used and invested crypto coin. It is decentralized and over the years it has been tested and has proven to be truly the best and safest option for crypto investment. The approved Bitcoin ETF is another reason why many newbies should trust that it will be more profitable now and in the future. Newcomers should carry out proper research before buying altcoins because they are far more risky than Bitcoin in investment, that is why only Bitcoin is advisable and my preferred choice for now. We are all here to make a profit. How many of you made investments in Bitcoin only because you love the technology or the project? Our final goal is to make money out of our investment so it doesn't matter its bitcoin or some shitty altcoin as long as you are making money out of it. Our investment strategy differ because of our risk tolerance. Some people follow investment strategy like all or nothing so they will not go for bitcoin as they are risking everything for getting higher rewards. |
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I think most of the things OP mentioned are known in society still people do them. Only knowing won't change one's life but he or she has to work with the knowledge he has. Having the right mindset is important as a person needs to be determined about something he wants to gain. It can be financial freedom or anything significant in his life. To be rich a person needs to think like the rich and develop on the same kind of mindset so that his ambition turns into reality.
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In this scenario, the bitcoin price would differ based on the local group. Where the mining cost is lower the price of bitcoin would be lower there and in places where the mining cost is too high people would prefer to buy bitcoin from those regions where the mining cost is low. There would be a high spread in bitcoin price. Bitcoin would not be this well know and popular if people from all over the world can not buy or sell bitcoin in sceondary market.
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Financial education is a skill that is not been taught in schools, but to me it's the most important subject a man must learn in other to be financially independent.
This knowledge gives you smart money making decisions, and it improves your standards of living, It gives you priceless money management skill, you can't spend more than what you earn as a financial literate.
I still don't know why it's not been taught in schools up till now.
The rich dad poor dad by Robert kiyosaki explain all what it entails and the stability it gives financially.
Financial education can be learned from experience. It is not true that financial education is not taught in schools the thing is traditional education curriculum taught us only that is needed to be a good worker, not an entrepreneur. Many developed countries where the education system is much more advanced taught higher education about business but in 3rd world countries they give priority to being a skilled and efficient worker. In Rich Dad Poor Dad book the author advises us not be be in a rat race. Actually he is right about it because our current society have created the system in a way that if you are not financially knowledgable you won't be able to get out of this rat race. The most frightening thing is most of the people don't even realize that they are in the rate race until it is too late to turn back. |
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USA is still the dominant power in the world but they are not unchallenged anymore. Not in economically or militarily. China emerges as one of the most influential actions alongside russia and their growth seems unstoppable. Also asian subcontinent is going to be the next financial hub of the world so there is a chance that most of the country in this region will agree on using their own currencies for cross border payments. I won't be surprise if they issue a common currencies that will be use for any kind of international trade.
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Crypto investment vs real estate investment : Which one more dependable in the future
Though have been in the crypto space for quite some time now, I knew little about crypto. A friend of mine just introduced me to real estate investment.
Which one should I go for with a capital less than $2500?
Real estate can generate a consistent flow of revenue if you have enough money for investment and hire a professional in this field who will advise you about your investment. The capital you are talking about won't be sufficient enough to sustain a good revenue from real estate. In terms of dependency real estate should be the first choice but it depends on your investment funds actually. If you don't have enough then invest in crypto so that you might make a fortune in here. |
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