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41  Bitcoin / Bitcoin Discussion / Re: What's the view of an average citizen About crypto currencies on: March 22, 2024, 04:43:47 PM
Many people still never see the value of Bitcoin and many we're still confused about the purpose of this technology. There is a strong misconception about Bitcoin which is why adaption takes so long to complete. We've been in 12 years of its existence and people heard about this but are not interested in it because of wrong information and scams spread that affect their views. Having this sentiment makes us think that even 10 years from now, many we're still never appreciate Bitcoin and ignore the potential use of this technology.
Some people are wrong in receiving information about Bitcoin, of course it will be very difficult for them to believe that by collecting Bitcoin they will be able to gain profits for those who hold it for a long period of time and for those who are convinced of Bitcoin will certainly try to be able to take advantage of the opportunity. collect Bitcoin as an investment for their future, I think to avoid misunderstandings in understanding Bitcoin it would be better for those who want to learn about Bitcoin not to just look at the media reports and it would be better for them to meet someone who understands it well so they can ask questions. that they don't understand and this will be easier than just looking at the news which could give us wrong information.
42  Economy / Economics / Re: Everything is over priced but people keep spending on: March 21, 2024, 06:53:00 PM
The cost of cooking a meal isn’t comparable with eating at a restaurant. We should note that a restaurant is different from a fast food joint.
The cost of living is obviously not it was a decade ago. You rightly noted that despite the cost of food, people still eat at restaurants and afford to splurge money on other things. It would be difficult to save enough money to invest in anything cause they obviously aren’t earning enough. Strive to earn more and there would be something left to save after settling expenses.
An average man likely doesn’t strive that hard to significantly increase his income level and that’s probably why he has just enough to eat, pay bills and survive.
The costs we incur to be able to eat at a restaurant will of course be greater than cooking, but with all the busyness that a person has, of course they have to choose to eat at a restaurant or at a fast food place, but if we choose to save money of course we We have to take the time to cook in order to save on our expenses.

Yes, of course the cost of living today is very different from before and if we can't live frugally of course it will be very difficult to have savings or even think about investing and if we can save on our expenses of course we will be able to save from the remaining needs. we have and will also be able to think about investing in our future, but if a man doesn't think about how to get a lot of income, of course they have to be able to reduce their expenses and limit themselves from choosing to spend their income uncontrollably.
43  Economy / Economics / Re: Insurance is important on: March 21, 2024, 06:26:15 PM
100 EUR per year isnt a life changing amount, and nearly everyone can afford it. Yet people prefer not to do it, and then spend thousands from their own pocket.
It isn't if one has a stable source of income and can afford to save enough money to be able to cover that. So someone who can afford it should never hesitate to get insurance for everything possible because life and things in this world are unpredictable, we never know what might happen in the next moment, so if you have everything insured, you won't be worried much even if there is any sort of problem including your health.

I have seen a lot of people getting in trouble at a lot of occasions and then them being saved by the insurance company, mostly in cases where people have their cars and houses broken for some reason and as you mentioned, without an insurance, one would have to spend thousands of dollars to get all that repaired.
That's right, for those who have the ability to cover insurance of course they must have it because we all know that in the life we live we cannot predict when we will need insurance and if we already have and experience the need for which we have been insured. Of course we don't have to think about how to solve this problem because we already have insurance that we have paid for and we just accept that what we have insured is fine.

If they have insurance of course they will not experience difficulties when experiencing these needs as you have mentioned and if we don't have insurance of course we have to think about these needs when we experience problems and also have to spend the money we have to be able to fix them of course. This will make it difficult for us when we don't have the funds we have saved and have to try to make ends meet.
44  Economy / Trading Discussion / Re: New trader's must remember it. on: March 19, 2024, 11:31:57 AM
Someone needs to gain knowledge first before they get into trading because, without that, you can't do anything. You can't go to war without a gun, and trading without knowledge is just like going to war without having a firearm, and if you do that, you will most likely get killed in no time.
So if you are in the cryptocurrency market, and you want to trade and earn money, you have to learn the process first, don't be in a hurry because when you are in a rush, you will most likely be driven by your emotions and your emotions will make you take a lot of wrong steps and make wrong decisions.
Having knowledge about trading is of course the most important thing for someone who wants to enter trading and also they must have capital to be able to trade and those who trade without knowledge of course they will be very unlikely to make a profit because they don't know how to make a profit from it. the trade.

Yes, you are right, of course before someone decides to trade of course they must first learn it and must have patience in each learning process to be able to get good results in trading and also controlling emotions is of course an important thing when trading so as not to make decisions what went wrong in the trading we did.
45  Economy / Trading Discussion / Re: Anxiety in trading (heart disease) on: March 19, 2024, 11:01:05 AM
If you realize that trading is hurting your and you take it serious then leave it because nothing is more important than your health and if your health gets effected then no matter how large sum of money you earned you will not be able to enjoy it.

If you are calm in trading and have knowledge so I think you will have no pressure of win or loss but if you cannot keep calm then it will surely effects your heart. Therefore it is better to enjoy your life with the amount of money you have because one day you will realize that a satisfied life is much better than wealthy life full of diseases.
Yes, of course it would be better for us to avoid it if it really causes us problems for our health, because if we continue to force ourselves to trade then it is very likely that we will have a lot of problems that we will face, of course we don't want this to happen. and avoiding this is certainly the right choice.

When someone already has knowledge in trading, of course they will be able to carry out analysis for trading and will be able to make the right decisions to be able to make a profit in trading and when they experience defeat, of course they will be able to remain calm and learn from the mistakes they made and correct the mistakes.
46  Economy / Trading Discussion / Re: Isn't trading almost like gambling? on: March 18, 2024, 07:10:29 PM
Some persons keep saying that trading is almost the same thing like gambling but the difference is very clear.
There are also gambling traders that don't always have the patience to stick to the strategies that will help them to keep winning more.
It is good for us to weigh our trading skills and know whether truly we are gambling traders or not. It is very important for us to use good strategies to trade so we have a better results.
These two things will of course really depend on the knowledge they have, because if someone trades not based on the knowledge they have, of course they will continue to trade in the hope of making a profit without doing any analysis about the coins they are trading, of course this will be very likely for them to will fail in the trades that we make, it is true that when making trades of course we must have good skills in analyzing the market and must also make the right decisions so as not to experience failure in trading.
47  Economy / Economics / Re: Do you believe in savings or investment on: March 18, 2024, 06:50:54 PM
People do mistake saving and investment, this two are different although people who save money using the fiat currency can still be perfect in term of investing like bitcoin, gold, land etc. From my perspective saving has nothing to do with profit, people have their different way of thinking so I can't just force someone to start an investment for future purpose but an educated person oughto know the benefit involved when it comes to investment. Secondly don't just invest but choose wisely, know the right investment choice cause I have seen several people who went for the wrong choice and ended with no profit. I still think people who went for saving are ignorant and need such advice on different investment choice but not forcefully.
It is true that by saving we will not be able to make a profit from the savings we have, but some people who choose to save of course have goals that will be achieved immediately, such as someone who saves their money when they want to buy an item and when they have enough. money, they will be able to buy it with the savings they have prepared and we also need to have savings for unexpected financial needs so that we don't have difficulty finding these needs when we need them.

Yes, of course we have to choose a type of investment that we really understand in order to be able to carry out the investment well in order to prepare for our future, because when someone forces an investment that they don't understand well of course they will have difficulty getting it. the profits and even the losses they will get.
48  Economy / Economics / Re: Saving don't make wealth on: March 14, 2024, 06:31:15 PM
It is correct that the profit at savings is a little less. Investment is good but investment has to take a little risk. An easy way to earn more is to take advantage of extra time. The sooner you start your first investment the better. A survey found that most millionaires or the wealthy invest 20 percent of their personal income each year.
Choosing to save of course has a slight advantage compared to investing the assets we have, but to be able to invest well of course we need a little savings for urgent needs that we don't know about these needs because if we don't have savings when investing Of course, we have to take out some investments that have not reached the investment target that we have made and we could experience losses, even though they are not large, so having savings is also important so that we can carry out investments until we can reach the profit target that we have set for the investment.

You are right, the sooner we start investing, of course the better we will be in preparing for our future financial matters because if we don't have investments, it will certainly be very difficult if we only rely on the income we have.
49  Economy / Trading Discussion / Re: I don't understand you people... on: March 14, 2024, 06:10:21 PM
Cryptocurrency are very volatile currencies therefore there are many opportunities to make profits from trading them, controlling your emotions will make you to make profits from investing or trading cryptocurrency because our emotion are always deceiving us. Don't use your emotion to make decisions because you'll be making the wrong decision most times, because the price of Bitcoin is correcting shouldn't force you to sell but you should keep holding as after the correction. The price of Bitcoin will start rising again and the profits that you'll be making will be twice the profits you would had made if you sold earlier when the price of Bitcoin was falling. When trading, one good advice every trader should have is to never follow others, do your own research and make decisions based on how you analyzed the market.
Doing trading or investing with emotions is of course very unlikely to be successful in trading or investing, so it is very important for us if we decide to invest or trade to be able to control our emotions so that we don't experience losses in investing or trading. because if we make decisions in an emotional state, of course we will not be able to make profitable decisions on the investments we make and we have to make decisions without emotions so that we can make profitable decisions on the investments we make.

Yes, when trading, of course it would be better if we did our own research before making decisions on the trades we make, because if we follow other people's advice, of course it will be very detrimental if we experience failure in the trades we make and it is very different from the failures that we make. If we do it ourselves, we can still learn so that we can improve it in future trades.
50  Economy / Trading Discussion / Re: Take Profits! Its important! on: March 13, 2024, 05:50:11 PM
Its important to take profit but the desire to want to make more will not allow us for that, there are many of our personal behavioral attitudes that contributes tot he level of what happens to us in trading and such is as a good example of this we are having discussion on, many could not afford to manage in taking profits and left until they found out that its already too late for them to leave after which the losses would have accumulated.
When we have made a profit from the investment or trade that we have made, it would be very good if we took the profit from the results of the investment or trade, because if we are too greedy in investing and trading, of course we will miss out on the profit that we have made. and this really depends on a person's personality. If they can control themselves, they can of course get the profits they have earned, but if they are greedy, of course it will be impossible to take advantage by hoping for even bigger profits, but they don't know the market conditions well. well, so it is very likely that they will experience losses on the trades or investments they make.
51  Bitcoin / Bitcoin Discussion / Re: Bitcoin is not a quick rich and get poorer investment. on: March 13, 2024, 05:26:51 PM
Nothing will make you rich overnight, not just Bitcoin investing. Investing is never a get rich quick scheme. Investing in cryptocurrency can change people's fortunes but not in a short period of time. Invest enough in Bitcoin and hold that investment for a long period of time and you will have hope of getting something good. Investing is only for the future and with the expectation of getting something good in the future, investing in Bitcoin will stop all other activities, but this is not the case. Apart from investing in bitcoins, you should also carry on with your other activities as normal. If you have enough investment and the market goes up as expected then this investment can change your fortune.
Yes, it's true that we need to remember that bitcoin is not a get-rich-quick scheme that can change a person's fate for the better in a short time. In fact, sometimes bitcoin will cause us to lose everything if we invest in bitcoin without a mature understanding, during last year's bearish season. I personally often encounter several beginners who complain about losing everything when investing with Bitcoin because they are too careless and enthusiastic when investing without considering the risks so they have to suffer losses.
Of course, this is very important for someone who wants to start investing in Bitcoin to know, because if they think that investing in Bitcoin will easily make them rich, of course they have made mistakes at the beginning and will of course make mistakes again which will make them lose. their money in these investments, if they want profits from Bitcoin of course they must have proper knowledge about these investments in order to invest correctly so they can get good results on these investments.
52  Economy / Trading Discussion / Re: Trading Or Investing which one is better to focus on right now? on: March 12, 2024, 05:44:09 PM
it depends on the person, if they understand more about trading, then maybe they can say that trading is better than investing, because they can immediately get a profit from their trades. however, if the person is more interested in investing, then he can say that investing is better than trading, because you don't need to bother thinking about analysis, taking positions, cutloss/take profit, and so on.

but i think that, whether it's trading or investing, it's just as good if the person carries out their strategy and knowledge. there is no better or worse, because both trading and investing have the same goal of making a profit.
To be able to trade, of course you have to understand trading well in order to make a profit from the trades you make and choosing to invest would indeed be better if you don't understand trading well, because in trading there are many things that have to be done so it will be very difficult to do if don't understand it well and it will be very risky if you force yourself to trade without good knowledge.

Knowledge about trading and investment is certainly a very important thing to learn before starting to enter trading and investment, because in trading or investment of course people hope for profits and there is very little chance of making a profit if you don't have knowledge about these two things.
53  Economy / Economics / Re: Our decision making is responsible for the outcomes in our ways on: March 12, 2024, 05:21:00 PM
Don't worry too much about things, and be clear about what we should prioritize. know what we really need to prioritize and what we want to achieve in this life. because by having a clear goal, this can help us to stay focused and can prevent us from wasting time and energy on useless things.

And it is true that we try to remain calm in all the situations we face. not allowing ourselves to become emotional and panic. This can really help us to make a good and wise decision. Therefore, let's practice relaxation and meditation techniques together to help us regulate emotions and in all situations.
That's right, when we prioritize what we have to do, of course we will do it well because if we can't prioritize what we have to do, of course we will miss things that we really have to finish immediately and this forces us to do the task with necessity. work harder to be able to finish in an urgent time, but when we do the work in a hurry, of course we can't do it well because we have very little time so we have to finish it quickly. Yes, of course we have to practice relaxation techniques and meditation so that we can control our emotions in various situations, because anything that is done with emotions is very likely that we will fail in that matter.

Quote
No matter how big the income we have, if it is not managed well, then the money we have will have no meaning at all. So learning to manage finances and expenses is quite an important thing for us to learn. With good management and spending, this can help us to avoid unnecessary expenses, and can also help us maintain financial stability.
It is indeed a very important thing for someone who has income to manage it well, because without good financial management of course we will not be able to have savings and even invest from the income we have.


54  Economy / Economics / Re: Our decision making is responsible for the outcomes in our ways on: March 11, 2024, 04:40:36 AM
Decision making is everything in life. The decision people make can make one to be rich or poor. Thst is why when making decisions we need to be careful with the decision we make that we not affect us.  Many have failed financial because of the wrong decision they make . Every thing we have in life is a result of decision both the good things and the bad things in life.
The most important thing in making a decision is that we really have to do it in a condition that is not in a hurry so that we can make a good and correct decision, because if we decide something is not in a good situation, of course it will be very difficult to make a decision that is profitable for us. We and we also have to think about the positive and negative impacts of the decisions we make.

I think those who experience failure in financial terms of course they cannot manage their expenses well so they continue to use their income on things that are not needed of course this is very bad if we cannot make decisions to use the income we have.
55  Economy / Economics / Re: Save money today so money would save you tomorrow. on: March 11, 2024, 04:05:53 AM
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.
Reducing expenses that we don't need can of course make it easier for us to save for our future, because when we can't endure expenses that we don't need of course we won't be able to have savings for our future and this will make us we have to continue working until we are old and there will always be desires that we have, but that is not necessarily what we want, we don't kill it, but we can still postpone it to be able to have savings. If we can have savings, it will be better if we can learn about investments that can increase the savings we have, because when we only save and don't use our savings to invest, of course we will have problems when inflation occurs and the savings we have remain the same but the value of those savings decreases.
56  Economy / Speculation / Re: Dont sell because you feel like selling, give it another thought. on: March 08, 2024, 04:11:59 PM
So do you think people who sell mean they need money? Unfortunately no, because not everyone sells because they need money. Sometimes they sell it to secure profits or avoid losses because according to their analysis after this the price will fall. The basic theory of investing or trading is to sell when it goes up and buy when it goes down.
When someone decides to invest, of course they have properly planned their investment and of course they have set a limit for the profits they can make and take advantage of the investment they have made, but before they decide to sell it, of course they have analyzed it well. does it have the potential to get even bigger profits or not and if they believe there will be another increase of course they will continue to hold until they can get that profit and those who do it like the theory you mentioned I think they have been able to analyze well about market conditions and decided to take advantage of the increase.
57  Economy / Trading Discussion / Re: The best decision you can take on: March 08, 2024, 03:45:45 PM
There’s no reason to go into Trading when you are not sure of the market I haven’t seen someone doing this for a long time something that you are not sure of you know that the market is not going to be favorable to you and you still go into market that is wrong, so I don’t see anyone doing this Unless you are already on trading, and the market starts to go down in the other side, maybe someone introduced you to go into a new trades that you are not sure of that is a different case so that is no point for  someone going to market when you are not sure
If we are not sure about market conditions, of course we don't have to try to make a trade which will indeed have a risk of losses that we can get from the trade and it would be better for us to postpone making a trade until we are sure of the market conditions and we can analyze it carefully. It's good to be able to trade, in my opinion listening to other people's advice in trading is not the right choice if that person's advice doesn't match the knowledge we have and if the advice that other people give is in line with the knowledge we have then there's no harm in following that advice.
58  Bitcoin / Bitcoin Discussion / Re: How many times we will make the same mistake? - History repeats Again & Again! on: March 07, 2024, 06:20:16 AM
Sometimes, people prefer investments that have little risk because they don't want to think about it so much, and on the other hand, people are willing to take risks for the potential for large profits. Bitcoin is a very good investment that can even provide far more profits than gold and real estate, but the risks are also quite large, so we need to use money that we are willing to lose to invest in bitcoin.
If we consider the long-term assurance when choosing an investment, we could say that real estate is the best choice. However, because investing in Bitcoin is somewhat more profitable at this time, many people have chosen this. Risk-takers will never think about the risks but weigh much on their profit potential to earn. In fact, even low earners have their interest and courage in Bitcoin because they believe that this will help them improve their living status as they could still invest in small amounts rather than saving a lot of money for real estate plans.
Everyone certainly hopes that the investments they make over a long period of time will give them profits from the investments they make and investing in real estate is a good choice if they have large funds to buy it, but if we choose to invest in Bitcoin we can do it by some of the savings that we have and hold for a long period of time for the profits we want, those who understand the risks they will face will certainly never be afraid of risks because they can face them with the profits they will get.

For some people who have low incomes, of course they will choose to invest in Bitcoin because if they are thinking about real estate, of course they have to save longer before they can afford to buy it, but not with Bitcoin, they can buy it according to their means.
59  Economy / Economics / Re: keep pleasures without incomes aside and Chase after profits on: March 07, 2024, 06:00:04 AM
Well, she should understand your logics, because it's pretty clear and simple, besides benefiting her as well after all, as you are doing this for both of you. I'm not sure if we could generalize and put every women on the same basket, as there are women who would be totally comprehensive and support the partner on his decision, while putting her personal desires aside, just like the man is doing, in order to achieve something better for the couple in the future.
It's not wrong and dominant like that and as you said, a woman is also really comprehensive and supports every decision of her partner, but in my opinion it also depends on the woman's mode too, if the timing of the delivery is in a condition where the household's financial condition is safe, that's okay, but If is not yet safe, the perception will be different, especially if the main needs have not been met normally, be it daily household or monthly needs because the number of women is high and their mindset is quite far ahead in this matter.
Of course every couple will support each other if in making decisions we ask them for advice and if a woman does not support everything their partner does, of course there are problems that they did not decide together and that makes the woman not follow the advice their partner decides. When it is time to give birth, it certainly requires a lot of money to prepare for the birth and if their financial condition is in good condition, there will certainly not be any disputes and if their financial condition is not in good condition, it will certainly be very difficult to find the cost of giving birth and women will of course always feel worried about their future if it cannot be fulfilled.
60  Economy / Economics / Re: If being a graduate is the key to being wealthy, why are there poor graduates? on: March 06, 2024, 08:46:57 AM
To be a graduate is not a guarantee for you to become a rich person, the only thing is that a a graduate have a be possible ways to solve a problem to also plan very well in order to elevate itself from getting poverty or being poor for life why someone who is not a graduate will not have the kind of idea someone who is a graduate how for a order to Plan a better way for its life, one thing I want us to understand is that this life is all about planning and also a God wish to us to be rich is based on your strategies, understand the dimensions of life and the application of life before you become a successful person
It's true, we can also find those who have become graduates who still don't know how to be successful in their lives. If someone can solve their financial problems well, of course they will be able to easily plan their finances well and this will make them not poor. in living their lives, I think that in making plans it will not be affected whether they are graduates or not, but those who have a bachelor's degree will certainly be more focused in planning their lives and even those who are not graduates have their own way of making plans to have an income.
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