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In my opinion there is nothing wrong with being poor, because the rich certainly need the poor, life in this world cannot run normally without the poor, it is the poor who do a lot for the rich, almost everything in this world is the result of the hands of the poor, the rich only use money or capital to continue to increase their wealth.
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When we find it very difficult, of course it is feasible to lend, the presence of many platforms or online loan applications makes it easy for those of us who really need money, some time ago I really needed money to pay off a mortgage, then I applied for a loan online and within 2 days it was approved and I I got the loan amount, and now I have paid it all off.
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After the FTX case and previously I lost money from several bankrupt exchanges such as livecoin, coinexchange and so on, so I saved bitcoin in a trust wallet, I used 12 seed phrases then I changed the last 4 words then I saved my facebook status, many people don't understand those things and thought I was not concentrating when making the status.
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Sometimes people only see the end result of someone who is successful and rich, but I have to say that the journey to success and wealth is of course very long, I have a neighbor who is rich and generous, he was poor and struggled to the fullest, before he was rich he went bankrupt until he once sold house to the bank, and after being rich he was grateful with lots of alms to the poor.
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Before we get into investing, of course we have studied all things including risk, many people think when investing in bitcoin the money will increase by hundreds of percent in a short time, but when they experience different things, namely price drops, they cry and spread information that bitcoin investment is a scam , they do not understand the risks and this applies to all types of investments.
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Bitcoin always has the power to rise again, the support of hundreds of millions of active users will make bitcoin easy to rise, and today the market has risen more than 8% and reached around $22500, this proves that they are panicking and selling cheaply when the price is below $20k will regret it for sure, but it's not too late to buy again because of the potential to keep going up.
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Today, of course, we are very happy because the price has risen by more than 8%, and now it has reached more than $ 22400, hopefully the price will not drop below $ 20k again, but as investors we should never panic when we see the price return to $ 19k, it is often recommended experts are buying more when the price falls below $20k, and those who a few days ago bought at $19800 certainly got more than 20% profit.
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We have to leave the bad habit of taking a loan because debt will waste our time and opportunities to do other things, especially now that it's too easy to take loans so it tempts anyone, in my country it's very easy to take a loan from a smartphone application, only with a smartphone and sim card which contains at least 20 friends or family and then they will confirm that we will receive the loan amount immediately.
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I think bitcoin will be difficult to become a reserve currency as long as there are no strong countries legalizing bitcoin, if a strong country officially legalizes bitcoin then bitcoin will be more secure, there are too many weaknesses in bitcoin but if it is legalized by a strong country there will certainly be many rules, for example price controls on exchanges so that bitcoin is more stable and will not be too volatile as it is today.
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There is a wise saying that we save money, so that money can save us later.
First, it's a shameful thing to work in a company for decades without brig able to save a dime, it's really not a good way to live our lives, even a bachelor needs to have savings, before we begin talking of family men and women.
It is important to save, no matter how small our earning is, is better to save small, than not having a saving at all.
Yes, you are right, if you look at the past I also feel ashamed where when I worked a few years ago I didn't have a penny saved, and when I quit the company I really didn't have anything. But I don't regret it, because I got a very valuable lesson from that experience. Yes now I live a better life again, I save, I invest too. It's true what many people say, that experience will make us even better and I really feel it myself. Maybe it depends on the person too, because there are people who don't learn from experience, and I think that's really stupid. Sometimes we have to experience the bad things ourselves, of course we often hear about many things but as long as we have never experienced them, we will not learn or take lessons, the life experiences we have gone through become teachers for us to face the future, never be pessimistic about circumstances whatever, I also feel like quitting my job but I'll wait for the right time, right now I'm investing in bitcoin and altcoins which I hope can change my life for the better. |
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The cost of living continues to increase because inflation continues to occur, government reports state that inflation occurs around 6% per year, but what I feel is the price of basic necessities has increased by more than 20%, for example cooking oil has increased by more than 40%, of course this makes us must think about finding a source of income to be able to survive the increasingly difficult economic conditions.
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Everyone certainly understands that the cost of living continues to increase and makes us always have to worry that unnecessary expenses can occur at any time, especially those of us who are used to working outside the home, of course, experience many temptations, but we must have a strong commitment to be able to resist any temptation, make sure before leaving the house we have eaten full so that we can reduce the temptation to buy food.
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Since the price of bitcoin from $ 19k to below $ 4500 in 2018 which made me more realistic and will never get my hopes too high with cryptocurrencies, in fact I only make bitcoin the 4th largest asset after 3 altcoins even though if total assets are not currently more than $ 1500, especially today the price is dropping again and it is increasingly making us have to think that investing in bitcoin takes time to be profitable.
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Today the price dropped below $ 20k and it looks like the hope in January that the price will make new ATH seems to have to be delayed this year, indeed nothing is impossible but now the market is getting wild and difficult to predict, january is up more than 42% but in February it dropped 12% and in March this week it has dropped more than 12%, hopefully this month can give a positive surprise even though in the first 10 days the price dropped significantly.
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Another surprise happened today, when I woke up and checked the price it turned out that it had dropped below $ 20k or around $ 19975, today there was a big drop of 9% and we have to be vigilant, but don't panic and sell cheaply, we have to be patient and waiting for the right moment to buy again, hopefully the price can go back above $20k again, and I think the first 4 months of the year can determine the direction of the price in 2023 whether it will skyrocket or dive.
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I didn't expect that when I woke up and saw the current price it was $19980, I didn't think that the price would be red again, it looks like the negative trend hasn't gone yet and makes us have to be patient, let's wait if the price will continue to fall like last year or could it rise like in January , I think March and April can be a measure of whether the market will rise or fall this year.
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