to have one bitcoin for some people is not an easy thing, because the price of bitcoin now is very high when compared to 13 years.you can have 1 bitcoin as long as you try and fight.
but in my opinion it would be even better if you buy btc using idle money.
I hope your dreams come true in the near future.
Idle money is just for the rich. I mean, most of us here are really doing a job so that we can earn a salary to spend on our needs, and sometimes if we do have spare money, that is where we invest it or keep it as an emergency fund. Now, idle money that is just sitting around the corner is for only people that have a lot of money, which is why others are really having a budget or percentage of their salary so that they can invest. If we wait on idle money, for sure, we won't be able to have it as the expenses right now are getting huge as the price of all things keep increasing. |
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It is not easy, trading requires knowledge. Trading in crypto without knowledge about crypto will only make you lose. Because you don't know any strategy of crypto trading. Sufficient knowledge and experience is required to earn from crypto trading. Without knowledge you can never earn from crypto. Because crypto trading is very volatile.
Knowledge is a must, but experience is just a plus because you can't gain experience if you don't have knowledge of it, as you acquired it during your trade. That is why it is better to focus more on learning and making your own trading strategy rather than just following those trading signals that you couldn't understand since if you follow them for sure, you'll have problems in the long run, like if the signal group is gone, what will you do next? |
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This is really a website that will slap a person who is going to say Bitcoin is dead, as you can see how much Bitcoin went through but still survived. I know that there are really people that think this, but I don't understand why they always think that Bitcoin will die, which is their preference. But looking at the OP infographic, if you understand it, then for sure you'll be able to understand why people still want to invest in bitcoin no matter what.
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I am also late getting started, no big changes yet, but I plan on remaining optimistic during the rough times. People tend to oversell BTC when they should be buying, so the current distress is an opportunity for many others.
I think you did the right thing, even though it's late to invest in btc, of course it doesn't matter, the important thing is that you stay optimistic and now of course you have a good chance because soon there will be a btc halving, and in my opinion it is better to invest in btc than nothing, so your decision is very good friend. At the end of the day, you are right, that's what matters the most. OP is investing in BTC and it is a good step, especially compared to not having any investments at all. Being optimistic and enduring the situation of the economy helps a lot in maintaining a good status in btc. Also, it is right to turn distress to opportunity as it will be the best decision that will have a good outcome in the future. This is really a good motivation. Instead of thinking negatively because of its price, let's think positively about how to gain profit from it. Like what is happening right now, the price of Bitcoin drops. Instead of thinking of selling our Bitcoin, it is better to buy more as it is an opportunity for us. It is like a sale that we are buying because the price is cheap, so that is what we do instead of crying because of its drop. |
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Luxury expenses are expenses that is not needed by a person. It isn't a necessity or basic need so if we are planning to avoid over expenses, we must trash this one on our list of activities and don't allocate budget to it, instead, the money that should be put into that luxurious activities can be put to savings and emergency savings.
We shoudn't be planning for luxury expenses if we don't have the type of money to spend for such lifestyle without thinking about what it'll do to our finances. Our budget should be for only things that are very important to us and that's food, cloth and shelter. Other expenses should come last and they should only be considered when we have taken care of the things that are most important, if you can life comfortably without luxury then do just that and stay on budget. Instead of having luxury expenses, you can have investment expenses and this will be more profiting to you as it'll make you money and not taking money from you like what luxury expenses will do. When you start investing, you're spending money but planning for the future Exactly. Luxury expenses should already be out of the window if you are already aware that your lifestyle isn't fit for that. Sometimes just having the thought of luxury is a bad temptation, because most of the time, thinking about it drives you to actually spend for it. Instead, it is better to focus on investment and savings that will have a higher chance to cause better effects on our financial status and lifestyle. This is really the biggest problem right now if you don't have discipline because of social media. If we've just seen a new restaurant nearby, even if it is just cheap, we tend to go out and eat there even if we still have food at home. So the temptation in social media is really huge and people tend to get tempted easily. That is why it is better to have discipline and not get easily tempted. Though this is easy to say but difficult to do, if ever I do get tempted, I always check my money and found out that there are only a few left, so I wouldn't go or buy it. |
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The truth is that there are no guarantees in gambling. We can choose different gambling platforms but we can't win if luck doesn't create positive behavior. However, if some gambling platforms cheat that are different. After all a gambler needs to do is exercise caution. Must be well observed especially before registration. Well establish casino they will never freeze gamblers money without a valid reason. If they found any in consistence or abnormal behavior, then they can be asked for the information and later they will try to solve the issue.
Why we need to pick an untrustworthy and unknown casino if there are so many reputable casinos in this forum? if you gamble on reputable casino, your funds wouldn't be frozen without any reason. They also have provably fair system, it's a way to know how trusted is the game and prevent a chance to be rigged. If you play slot game, you must trust the provider, not the casino. One of the motives for going to gamble at an unreliable and new casino site is the lure of high bonuses. Especially those scam sites that offer high quality bonuses to attract gamblers to them. And when they exceed a high fund they shut down the site or start freezing user accounts for no reason. So it is our responsibility to be careful of them. There are many trusted sites in this forum where facilities are less but feel free to gamble there without any worrys When signing up with new sites hoping for a bonus I think depositing money there has the highest risk of losing money later on. There is no doubt that a player will lose his money at some point if he goes to the scam gambling side and bets in the hope of high bonus. It is true that casino platforms shut down and cheat users when players deposit high amounts of money into their accounts. So all those gamblers should bet carefully and register with a trusted casino platform, however there are many trusted casino platforms in our forum where they can easily get a lot of benefits and bonuses by betting. Casinos right now are somewhat different because because only few casinos that are established and legit and also long running that is why a lot of gamblers got scammed by those casino but right now because of those casino that has proven record they tend to be the choice of new gamblers as it is trustworthy and also your money is safe, but again be cautious no matter what , try to find negative feedback of the casino before depositing just to see what to expect on them. |
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Reading a book, being financially literate, surfing the forum or watching videos will only give you long-term gains. If you don't have capital, knowing how to invest will not do you any good.
The economic crisis the world is in is obvious. If your salary isn't very good then you are trying to save the day. It's hard to set aside money to invest when daily expenses are so high.
Even if you lower your standard of living and don't spend luxuries, if your salary is low, you still don't have many options. Even if you want to spend a little money, you still have to spend a lot of money every day because of rising prices.
Although your suggestions may seem good, they don't have much validity in practice in real life.
I agree with you. Our lives are completely unpredictable. I wonder, do the authors of the books themselves live according to the advice they give? Personally, I doubt it. If you are a serious businessman, do you have time to write books? I doubt it. And if you have time to write books, then maybe this person only has time to write books (i.e., infotsygan)? Most of those books are made like years ago, so some of the advices are not applicable to current situation of the economy especially the inflation. It would just give you a grief information for you to manage your funds than just impulsively spend it which can be a bad thing when an emergency happens cause you don't have any savings. Of course, if you follow the step it doesn't meant it will guarantee you financial freedom since as you said our lives are completely unpredictable. Plus our income or salary might not meet up the expectation from the given book that you can even follow it. But for sure it has a good impact to readers as they can adapt a good thinking financially once they can already apply it to their budget. Cause these tips can easily done by a middle class to upper than a lower class people due to they are having a hard time to find a money to provide their needs. I agree that they aren't applicable right now since the economic situation right now is way different than before and quite hard to deal with compared to the previous economic situation. All of us often experience financial hardships during this inflation crisis but what is important is we know how to deal wisely with each situation. No book could help us if we don't grind harder during this crisis. If we were working hard before, we have to double or triple our hustle this time. Always look for better opportunities to earn and never stop if you aren't saving and investing. Being contented these days won't practically bring us the financial freedom that we want. We need skills and working smartly right now to earn more money or have another source of income; one job is not enough right now. That is really how hard life is right now. Just imagine that your salary right now is doubled, unlike before, but still you are having a hard time budge it. Unlike before, when you had a low salary but were still able to manage because it was cheap, foods were affordable, and right now I can't imagine that it is more expensive to cook at our house than buying a ready-cooked meal. |
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I think one should never start trading using trading signals it mostly contains ricks. If you want to trade, it will always be better if you trade with your own knowledge and experience and skills and you can be successful in the future. I have noticed many new traders trade using such signals and at one point they lose their money. I have seen many telegram signal groups where they mostly provide scam alertcoins signals, and they make a lot of money from them and scam investors. But there are many good telegram groups which do not cheat like this and they give good advice and signals if you follow them you can expect some profit. But I think those signals should never be accepted because after a few days you can learn to analyze the market well and then you can start trading by yourself. And when you can trade with your own experience, there is no fear of losing money, but you can gain more skills and be successful in the future.
There are still many groups that provide signals that are not intended to be scams but there is no guarantee that those signals have a high accuracy rate. Moreover, depending on other people's signals doesn't make us any better, what if they suddenly stop providing signals? We will become stuck because we only depend on others and do not have any skills of our own. So, in my opinion, once you have determined you want to make long-term profits in this market, do your own research instead of looking for things that don't belong to you. It is called trading ideas or traders biases, and mostly they post a photo explaining why this is a possible entry for them, which is really good to read and also for the newbies that want ideas on the current market. It is really good as it gives you an idea and lets you think if their bias is true. It is not a signal for me as those signals are telling you to trade on this current price and posting fancy profits or winning trades to their customers or traders who want to avail themselves of their service. |
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The video is really good and fun; it stuck with me to the end, and I am the kind of person who gets easily bored on a video that is mostly that long. That is really nice and creative, and for sure you've spent a lot of effort on it. I will save the link to the video for future needs as it is really informative, but mostly the highlight is the roller coaster ride and its history, so probably it is better to give this video to someone who is not really new to Bitcoin so that they can see or take back the history of Bitcoin.
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That's really huge, imagining how the cost before was, and again, they are for sure powerful. Though I've just been curious on what documentary this is and how reliable their calculation or sources are on this because it's too much, I am again amazed at how they accumulated it or, like, what is their formula for getting such huge money. Those people are for sure smart because they found a way to earn that money, and money works for them.
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If we are gambling and get distracted by anyone from anyone, we are likely to loose concentration and this may lead to making a serious mistake if we are not careful, we need to give it a careful attention in consideration while gambling not to rush into anything, neither got any external constraints affect our thinking and performance while gambling, we need to let our mind be in one place, we have to be well concentrated when gambling, it requires being focused.
There are really times that we need concentration, like when we need to focus on the game, but we are kind of the opposite. I mean, I do gamble for fun, which is why I really don't require full concentration because I want to have fun, like when someone is talking to me or supporting me like a fan. Though mostly those card games require full attention, this will probably be needed to be in a comfortable place and somewhat quiet. |
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Faucets and HYIPs are really your first dose of Bitcoin. I'm not sure if it's the same with me, but I tend to go to faucet sites daily just to earn some sats in them. I know it is really time-consuming and just wasting my time, but that is the only way I've known to earn Bitcoin, and again, HYIP, which again got persuaded by someone to invest in it as it is passive income and you are just not doing anything and you'll be doubling your money, though it is a scam that I ended up losing my Bitcoins too.
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This is really a dumb idea because casinos won't last like banks. Just imagine holding your money in a casino for thousands of dollars, and after a few years, let's say 2 years, the casino files for bankruptcy, and they will not inform you or the other customers, and your money will be gone. Also, the casino owner has access to your account, meaning they can get those funds or do whatever they want. It is still preferable to use a bank or hold it in Bitcoin.
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Adsense is very hard to get nor the 3rd party app I dont think the faucet business is profitable business unless you made a site like gambling site or news site with faucet to gain user maybe it could turn profit Faucet that I know is freebitcoin that turned into a gambling site.
Getting approved in Google AdSense is really difficult, and if so, you should be careful as they are very strict and not sure if faucets are allowed on it, so you'll still have difficulty on this. You don't have a choice but to take those low-paying ads, but still, it is worth it over nothing. Again, only a few people will be visiting faucets these days because they know it is just a waste of time. But again, we can try it, and if it is not profitable, then close it down. |
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Cant say that Bitcoin or cryptocurrency in general made big changes in my life, because I still go to a regular job, it is not connected with crypto and monthly salary is bigger than profit from crypto. I would say, that cryptocurrency has opened few doors or made my life financially easier. With crypto I afford to spend there,, where without it I would choose not to spend and economize.
It is still a big change in your life. You've just looked at it from a low point of view. Just imagine, without it, how you would be able to afford those things you bought because of the profit of crypto. You may be thinking big, which is what all of us want, but we should be grateful for what we have right now. Like I've said, it had a big impact on me financially as a poor person as I was able to eat at fancy restaurants and buy appliances. Maybe in the future it could change our lives by making us rich, but right now the impact is already huge to me. |
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- You, yes, you. Are you tired? Can't make progress? Or every time you move forward, something bad always happens? Are you in a situation where you have to start from scratch again? Where does your problem start? in money? Why do you always have no money? Is it because of your responsibilities for your family or because you just don't have spending discipline? It is important that you know what the root of your problem is? Maybe the reason you are not making progress is because you spend a lot, so every time you have an emergency, you move your savings? Or sometimes you can borrow a cape. How to handle money What is real personal finance? What do you have to do to learn it? There are some things that can help you in this matter, and some of them are:
[a.] Read books related to personal finance.
[b.] Always hang out here on the Bitcointalk forum; you can see and learn a lot from this platform.
[c.] Watch videos that can give you inspiration to become better. And mingle with people who have a positive outlook on life.
We can also include staying in our comfort zone because most of us right now are on low income or low wages, and even finding another source of income is difficult. That is why they are having problems financially because they can't find another source of income or are scared of taking risks like finding another job with a better salary or having multiple jobs because they are scared of sacrificing things. Though again, we do have our own reasons. Right now, I can't relate to having enough money and having problems on how to spend it. I always have problems because, no matter what I do, I always come up short or just enough. |
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No one has any real clue exactly how things are going to play out. The best course of action is to simply DCA/Dollar Cost Average in to bitcoin. Bitcoin could easily jump to 30,000 here in the next few days, or it could just as easily drop down to 20,000 in the same time span. My recommendations would be to continue to put small amounts in each month. Or maybe not small, but equal amounts, not trying to time the market.
As long as you can afford it because others like waiting for deep and they aren't knowledgeable; they are kind of in the waiting game that they don't know what's going on. For those kinds of people that like buying in small bits, like every salary, it is best to buy it when they can and accumulate it over time rather than waiting on a dip, which you don't know when, and the volatility aspects of bitcoin will make you feel left behind, and again, you'll regret not purchasing it at that time. |
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It is for those people that have perseverance and patience that is a must for me in trading because you'll have ups and downs like the candles in your journey learning in trading, and mostly those not patient enough will quit along the way because they tend to want to take a shortcut and earn over night. Also, this means that trading is a skill that is obtained by a person, and without it, it is not for you, and you can't earn a penny from it unless you learn it from scratch.
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I think achieving financial education can be easier than reaching $1 million. Right now, I would say that I am already financially educated, but I still haven't achieved that $1 million financially. Only a few become millionaires, even though many are financially educated. That's the reality.
You have a point since, if you think deeply, even though our first choice was education because that is what we thought of ourselves since childhood, choosing education first, if you think about it, let's say you've already been excellent in financial education, then after you graduate, how would you apply it without a capital? We can start at the bottom, which most of us have done, but again, hard work and discipline are where it will strike you. If you are financially literate but you are lazy, then there is nothing to do, and mostly without a capital, it is still nothing. |
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Meta spent $43 million on Mark Zuckerberg's personal security in the past three years. This includes the cost of bodyguards, security cameras, and other security measures, according to a report by The New York Post. I will choose to solve the problem of the rich. I will develop modern security systems for the rich. I see that they spend so much money their security in a year. Even if I can, I would create a drone that go with them wherever go. Another problem which the rich have is that they do not know how to spend their money. Most spend it on materialist stuff that do not give them happiness. Most of them are looking for happiness and this is one of the problems of the rich too that I would solve using tech and a holistic human-centered approach. That is really innovative imagination, which is probably happening soon, but to conclude, some rich people or most of the rich people want a really comfortable life. What I mean is that if they can automate opening the door for them, they will do it because of the comfort; it is not lazy; it is just saving time. Like you said, if they can save time in traveling, then for sure they will buy it. That is what most of those rich people want; they don't think about how expensive it is as long as it benefits them. |
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