This is the wrong thinking of many people. Knowledge is the foundation of every path to success, but that does not mean that having knowledge will help us succeed. If OP wants to invest in bitcoin, of course knowledge is needed, but don't expect that just by having knowledge you can easily make a profit. Just like having a college degree does not mean we will get a high-paying job. It all depends on how we apply that knowledge into practice.
Furthermore, OP, if you want to start trading, it is really a big challenge and learning knowledge without practice will be useless. Therefore, in addition to focusing on improving knowledge, OP should also use a minimum amount of capital to get used to everything.
Having knowledge is not enough if we haven't put the knowledge we have into practice on what we have learned, the knowledge we have gained will be very different if we have faced it in reality, it takes a lot of experience so that we are experts in the knowledge we have learned. If we have mastered it well and have enough experience, we will be able to produce what we do. I really agree with your suggestion that starting trading with little capital is a good strategy if we are just starting out so that we can understand it slowly and get profits from trading. |
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It is really annoying to fall short of funds when allocating the budget to our needs. This list are helpful in guiding one on how to keep our expenses on tab and avoid the frustration of falling short of funds even though we always try to look for extra funds to fill our needs.
Setting the budget and knowing the reason why we always have shortage is a good way to troubleshoot our financing activitives.
When you start planning on budgeting first you have to set first your savings since it's the main base of your financing and the rest or half of your money depends on what are you going to do it's either you will invest to make it double or put up a business. And actually, before that, we also have to stabilize our income first. Because setting a good budget won't be of much use if our income is uncertain. But if we feel we have a fairly stable income then setting a budget and implementing it becomes easier. Recognizing the types of needs and classifying them based on basic and additional needs will make it easier for us to manage our financial expenses. It's just that we also have to think about our savings and investments too. In fact, we also have to make a budget for a reserve fund or emergency fund which we can collect slowly every time we get income. You are right that without having a stable income it will not be possible for us to be able to manage our expenditure budget, so having a stable income will make it easier for us to manage our expenditure budget. Being able to group together our needs and our desires will be very good for us in managing our finances because if we cannot differentiate between these two things it will be very difficult to avoid excessive spending. If we can manage our expenses well, it will make it very easy for us to save and invest so that we can get profits from these investments. |
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If there are employees who want to retire early, it means they already have good savings accumulated, or their plan is to build a business with their retirement pay. That's good if they can stick to their planned plans. Because if not, they might say to themselves in the end "I wish I hadn't retired early".
Because I have seen a lot of people who retired early, they didn't make their plans, or others who built a business didn't grow or manage the business they built properly, and the rest of the retirement pay they received just went to luxury and unnecessary things that did not produce income for them.
We need to think really well before making the decision to retire early and of course we already have a good plan after we take early retirement, what will we do with the money we get from early retirement. You are right that everyone who makes the decision to retire early certainly has enough savings to use if they want to build the business they want. If we make the decision to build a business then we need to understand the business we are going to build so that we don't just run out of savings with a business that we can't run well and something like this will be very detrimental to ourselves. |
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My point is that Bitcoin might not actually give the poor an opportunity, at least in this discussion's context.
There are many people who are very poor, not even able to eat 3 meals a day like you said, and investing with them is almost impossible. But in the future, if they can save a small amount of money and wish to change their lives by investing. It can be said that bitcoin is their choice, bitcoin gives them an opportunity because they can invest with their little capital. Unlike other investments that require more capital to start. So for me, bitcoin really does bring opportunity to everyone including the poor, although not everyone. I think for those who can't afford to eat three times a day, of course they won't think about investing and if they have met their food needs, they will of course be able to think about other things such as investing. Choosing to invest in Bitcoin, there are many things that need to be learned and it would be better to have someone accompanying you so that you can easily understand it and we can start with little capital. You are right that Bitcoin provides opportunities for everyone who wants to invest whatever capital we have, even with little capital, if we do it consistently then we will get a profit from the investment we make. |
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What causes conflict is mixed understanding, mostly when it comes for family where husband and wife query over something else that's happened that most lead to fight 95% most be money involved. In the matter like this be family conflict to resolved has to deal with better quality education for the both parties to understand how Bitcoin works in the financial sector.
It’s not a mixed understanding but I believe the husband took off the steam of his anger on Bitcoin loss to his wife. Probably the wife is blaming him or something that will make him annoyed. I sometimes experience this annoyance but in different matter but I never think to harm her. Not all people has a long temperance on handling anger especially when they are having a hard time with losses. This news is very intense but not worst since some people commit suicide due to investment losses. Experiencing failure in investing is indeed a very painful thing and it will be more painful if the wife continues to blame the decisions we have taken in investing and this will be even more painful. Every person has different ways of being able to reduce their anger when failure occurs to them, so it would be better for us to be able to reduce our anger when we experience failure in any case because if we cannot overcome this of course we will make other mistakes and this will It is very detrimental to ourselves and even people around us also feel this. |
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Usually, people make the mistake of hiding their Bitcoin investments from their loved ones. And what happens to that person as mentioned by OP gives us a hint as to what will happen if nobody knows our doing as death can't be predicted as well, especially when you are involved in an accident. We have to anticipate that situation, we need to let someone or any of our family members know everything about crypto.
We don't need to hide from them in the first place because what we did is also in preparation for their future and sooner, they'll be the ones to continue this unless they decide to stop.
No one could really predict death and also accidents so it's better to be secured. If you're purpose on becoming rich is to give your loved ones a better life, why hide it from them right? Always remember that your money would be going with you in the after life, just leave it to your loved one's as they can continue your investment as well, so as long as we're still strong, we should educate them in the way we think they could easily adapt, they might not take it seriously since crypto or Bitcoin is literally complicated for someone who doesn't have any background. But trust me when they see you got sick they would follow your instruction instantly. Everyone certainly won't be able to know when these two things will happen to them, yes you are right, everyone does their job, of course everything they do is just to make the people they love happy, so if we invest in crypto assets then we need to teach people who We love this so that they can use it when we are gone. Don't let us collect a lot of it and don't teach it to the people we love so that they can't use it if we are gone this will really be very detrimental to us. |
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I think we need the right information, the right knowledge, effort, positive energy, passion, luck, etc. Like in the OP's topic, "it ain't meant to be easy," but at least someone needs those above-listed qualities to surf through. Definitely, it will not be easy, but some times and in some cases, you can diversify a little and try something different, but instead, some people will just keep putting effort into something that can just be fruitless at the end of the day.
Truly, the degree and weigh of luck can not be underestimate but little did we know. Being hardworking doesn't guarantee success. You can be putting effort and energy but if luck has not yet find you, you'll labour without having result. However, I'm not saying that you shouldn't be hard working or struggle but when you are doing so, you should also pray for luck and grace to locate you. The story can not always be the same. Things might be easy and smoothly for some even without putting much effort while to some even after putting the necessary effort, it might be difficult for them. Giving hope is what kills the dream. If you are consistent and not giving hope, you'll actually achieve your goals some days but how many of us are patient enough to keep positive energy from beginning to end when we feel like we are not getting the desire result at first? Doing hard work may not necessarily be able to achieve what we want, but it is through hard work that our desires can be achieved and we must do it based on what we already know, don't do work that we don't fully understand, of course in this case we won't be able to achieve what we want. Doing work based on the knowledge we have consistently and asking for luck will certainly achieve the success we want. You are right that everyone goes through a different process in achieving their success and there are those who are able to get back up after they experience failure and correct their mistakes so as to achieve success and there are also those who are unable to get back up after they fail. |
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I don't want to just give it to the people I'm leaving it to, because they're not good at keeping things secure or remembering passwords etc. So if I gave it to them it would either be lost or they'd forget the password to it. That and the fear that someone else might compromise it in any form which is easy enough for the beneficiary to access it. People outside IT and in particular bitcoin do not have good practices or pay attention to this.
The point is you've tried to give your inheritance with the most easy way, if they're not good to keeping things secure or forget where the place of your wallet seed phrase, it's not your problem anymore. If they can't hold "money" they're also can't hold fiat, gold, stock etc that something valuable because "they're not good". If you're still expecting they must your money for good thing e.g. education, daily expense, creating business etc, you're still not ready to give your inheritance since it's up to them and you can't control it anymore. In our lives anything can happen without us expecting it, especially death, if we save large amounts of Bitcoin then we need to tell our family so that after we are gone the Bitcoin can be used for the needs of the family we leave behind and we also need to teach them how to use it if they don't have the desire to continue what we have done. I really agree with you that after we are gone, what is left behind is no longer our responsibility, everyone who is left behind will have the right to use what they want, but it would be better if it was used for their needs and not used for things that are not necessary useful. |
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I have been thinking and trying to analyze what is really causing the high cost of food in Nigeria, I came to realize that monopoly is the major factors, Nigeria government are the enablers. How can one person be the sole major distributor, government should welcome competition in the business sector, every business person should be allowed to produce. When a monopoly is supported by the government, it is very difficult to get out of the grip that drains the entire community's economy to meet their daily needs. Increasing food prices indicate that food security and management in your country is very fragile. The government must act to improve the welfare of society by positioning itself as the main competitor for sole distributors. The government must try to overcome price spikes by holding cheap markets in several places periodically. The government also needs to eliminate or take firm action against individuals who act as leeches who suck people's blood. When healthy competition occurs in food distribution, prices will be more affordable. The government's mistakes in managing food are very painful for those who are unable to meet their needs. There needs to be improvements in management carried out by the government so that people can enjoy the natural resources they have and people must be able to manage the natural resources they have well. Holding a cheap market is a good solution to help people who cannot afford to buy their necessities because the prices of basic necessities are very high. As you said, it is the government's responsibility to control the prices of basic necessities so that they remain stable if the government does not care about this, people who have economic limitations will have great difficulty in meeting their needs. |
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Tim Gurner, the CEO of the Gurner Group, wants unemployment to increase so that people can be subservient to their employers as it used to be. He believes that since the pandemic gave way to working from home, employees now how too much power and have even go as far as s dictating the terms of employment to their employers. He feels that employers have lost their power and that the only way for them to get back their powers over their employees and show to them whose boss is if the unemployment rate increases and people have to literally beg to have their or keep their jobs.
That's just the ramblings and selfishness of a company that would like to think that its power would exist without the contributions of others. So don't get your hopes up about getting a job in a company like this. In the world of work, regulations must be balanced and mutually protect workers' rights. The positions of company leaders and workers must complement each other in order to achieve goals. If you simply want to implement slavery in today's world of work, you risk being abandoned and forced into bankruptcy. Currently labor protection laws are set to eliminate the principle of gaps like this. As development progresses, people begin to be creative and realize that if they want to work according to rules that protect individual rights, then the involvement of company leaders must be in synergy with employees, namely creating mutually beneficial cooperation. Having a balance and mutually protecting workers' rights is a way for companies to keep their employees feeling comfortable in doing their work so that their company achieves their success. If there are still companies that use the current slavery system, of course the company has violated the existing rules and the workers too would not want to work for that company. Currently people certainly know their rights to work and if they do work that is not in accordance with what is not their responsibility, of course no one wants to work in that place because that place does not protect their workers' rights. |
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There are right predictions but those predictors are mostly lucky. There is no way they can predict accurately at all times, so the OP shouldn't feel bad. As long as he keeps on predicting and maybe predict a little smarter like include analysis with it, he could also get it correctly. That's right, that we should not take predicting seriously so that it won't gives us a stress. Prediction were in fact invented to entertained us. We can see the volatility of the market by looking at the charts.
Speaking of volatility, it's also the reason on why predicting is so hard. We can't put everything in our hands but we can have a chance if we are like the whales. So right now, the only thing that we can do is to embrace it. It was not a disadvantage anyway but rather an advantage.
Predicting is something that we could barely do for ourselves let alone do it for others as well, I understand the need to feel awesome when you help others to make profit as well but the feeling of helping others make profit as well is a lot less than the fear of making others lose money. This is why it would be smarter if you could avoid that and just focus on yourself, it would make a lot of sense to do something like that and would be a lot more profitable as well. Even if you end up losing, there is nobody that you have to respond to, nobody could say a thing about it because it is your own money and you can do whatever you want with it, all of the responsibility is yours and you face the consequences of your own actions. Maybe there are only a few people who predict correctly but I think this could just happen due to luck alone, very few people make predictions exactly as they say, if there are people who make predictions just want to look cool to other people I think there are It's better if those who see these predictions don't follow them because they don't do it based on what they understand well and this will be detrimental to other people. It's better to focus on what we already understand and continue to learn if there is something we don't really understand well. If we do it with something we already understand, of course this will be more satisfying when we make a profit and when we experience a loss. it will be easier to fix it because of the mistakes we make ourselves. |
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You don't really need to constantly buy toys for your kids, especially when it becomes hard to afford them but toys do really help children to promote a range of fundamental cognitive development skills. Brain is like a muscle, the more you train it, the more capable it becomes. If you don't use it, it shrink. I don't mean physical shrink, it just isn't as good and capable. And believe me, your child is your best investment.
World of Tanks won't make your kid a tank driver, that's for sure but it can revive a wish in him to become a one or to become a soldier, there are many things that inspire kids.
There's nothing wrong with buying games for children, but we still control the games that children play because they can't control themselves in playing. If we let them keep playing, this is certainly not good for them, not giving them time to play is also not good for children, as you said, if playing can train children to develop a series of cognitive development skills, of course this will be very good for the development process for these children. |
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Moreover, Bitcoin is very necessary to change the economic position of a country and helps the country a lot. So people who are still thinking about investing, they must discuss more about Bitcoin and decide to invest later, it will be very profitable for you in the future.
I'm sure for that, the country that accepts bitcoin as a currency or any kind of investment will get profit like tax. So when the country receives a lot of tax, that will increase their country's income and can be used for the development of infrastructure and economic improvement. Even a bit too late, there's no harm in trying. I heard that many people are still thinking about investing because of the volatile and fluctuating, but as we know bitcoin is still for a long time investment. Judging from the current development of Bitcoin, I think many people understand it and many have even invested in Bitcoin because it is very profitable for them. It is true that if a country accepts it, it will certainly require its users to pay taxes and this can increase the country's income but there are many things that must be considered so that not all countries accept it as a legal payment made anywhere, but there are some people who make Bitcoin payments with fellow Bitcoin lovers. |
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There's no literally right time whenever when to buy Bitcoin because we couldn't predict what would be the outcome in the market's price. But we all know that buying at the bearish market is the best time to buy with the cheaper price especially if you're planning to invest in a long term. But bearish might be a good timing but for short term investment, it might affect them negatively since the decrease drop of Bitcoin's value are keeping decreasing causing some investor to lose more investment and get liquidated. But if you panicked in these kind of situation as an investor like moving your funds into altcoins, for sure you'll missed out a big opportunity because if you're holding long enough reaching the bullrun, for sure you'll profit big.
As investors who want to invest in Bitcoin, of course they have their own strategy in determining when is the right time to buy or sell it, but for those who make long-term investments, of course they will not be affected by a price drop because they understand this well. I think those who panic about the decline in their prices are not worthy of being called investors because for investors the decline in prices is not a problem for those who make long-term investments and they are able to stick to strategies that they understand well so that they can profit from these investments. |
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So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey? Some speculations supported by good analysis might influence my investment plans. This is not often - unless I really believe that there is some other thing supporting the speculation including the fundamentals. In most cases - I have no impact due to price speculation here, in fact I tend to ignore it and keep the accumulation strategy the same as before. It's just that - on some occasions I may need to make adjustments if I feel I need to. Choosing speculation that has good analysis is a good strategy for investing in Bitcoin, but it would be better if we stuck to the plan we have set because if we choose the wrong speculation this will certainly be very detrimental to us. You are right, we also need to make adjustments on several occasions so that we can get profits in investing. |
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No business brings rewards overnight. Every business needs time to grow and turn profitable. There used to be different time period during which different sectors used to be at better position. The last few era is much about information technology growth. One who had skilled in information technology and related sectors were able to make themselves rich.
For people who are skilled in making others fool/cheat can make themselves rich within short time. Most of us could've seen similar people living around us. For them it isn't business, but it all happens due to something wrong that had happened in their lives in the past.
Profit overnight can be only made if you are going to sell a product or service and already have a customers' base ready to buy or hire you. Usually you do this by scheduling with your base before starting the business, so you can calculate accordingly how much you have to invest initially on your business and how many people you will supply in a first moment. However, with so much competition nowadays it's hard to create a base of customers. People are volatile and might not support your business when you most need them. In every cases, such predictions are a must, especially when dealing with food and perishable goods in general. If we are just starting a business, I don't think there is any profit that can be gained in the process just overnight because it takes a lot of processes to go through to be able to make a profit in the business that we have just started. With so much competition nowadays, this will have a big impact on those of us who are just starting a business and must have thorough preparation before we start and if something happens that we want, we can handle it well so that we can still run the business. If we choose to start a business with goods that are easily damaged, of course this has a very big risk if we don't really understand it well. |
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Of course, this courage must be supported by funds. And in general, small business owners who do not have sufficient funds to run their business will often face or experience funding problems.
So courage without sufficient funds will be meaningless and this must be the main thing to think about, because with this, when our business is advanced and needs funds we can look for or borrow it from the bank with the confidence of being able to pay.
And small businesses must also be supported by leaders who are not weak and also have expertise in the fields of business, finance and marketing. And with the addition of hard work, patience and continuing to try, I'm sure the small business you run will become big or at least run smoothly.
Everyone has different problems in building a business, but building a business certainly requires a lot of funds so that we can make our business run and even develop well. Choosing to lend funds to the bank for business needs is indeed an easy thing to do, but we must understand well that the risk is if we are unable to pay it off if our business does not run well. In leading a business, we must have expertise in the business we lead so that we can run it well and if we encounter problems in the business we run, the leader can solve them well. |
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The problem with us humans is that we like to copy what others are doing, you here someone doing the DCA strategy we want to jump on it, we watching several whale wallets and the second coins move we also think that's the signal to sell...
Tbh if we want to survive the crypto markets, we need to find what works for us and for me I believe if you bought or caught a low you should sell at a premium when everyone is talking about the bull run, better yet use technical analysis to determine when to buy and when to sell and this way you get better ROI than waiting for an ATH or something.
What strategy works for other may or may not works for me. That's why its best to create your own strategy and that can created only after you spend time and effort exploring the crypto market. What I have learned from my experience is that there is no way we can predict the future price of bitcoin. Accumulate Bitcoin when you think its best and don't hesitate in selling whenever you are getting adequate profit. TA/FA are good things to follow but also fail very often in volatile crypto market. Everyone has a different way of doing something whatever they do, you are right it could be the way that people do and it works and we cannot use this method for ourselves personally because everyone has different luck. Choosing to continue learning from people who are experts in this field and have this experience will make us better understand when is the right time to buy or sell it and we must set targets that we want to achieve so that we stick to the targets we have set. |
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To be honest, it was quite sad, my thoughts at that time were very concerned about the state of the shops that were very crowded and then became very quiet and by forced the shop owner to close his business because of losing consumers.
Only the culinary and vegetable business that I notice to this day can still survive, although there is indeed an online shop but it is not very influential, because usually people buy food in the closest place, and I also pay attention to culinary MSMEs and vegetables also already have services Order delivery via mobile apps.
But for shops such as home furniture and personal needs such as clothing, skincare, etc. consumers have chosen to use online stores.
Because they are unable to compete on price with others, there is no other choice for them but to close it if we can adapt to the current situation where shops that used to sell their goods in the market also sell them online so they can survive to this day. I think what makes the culinary or vegetable business survive is because consumers prefer to shop directly for food and vegetables directly from traders because if they order online they can't see the goods they are going to buy directly because these types of goods cannot last long so the consumers more satisfied to shop directly from the merchant. Yes, you are right, the type of goods you mentioned is that many people prefer to buy them online, perhaps the goods they are looking for can't be found near where they live or the goods they are looking for are more expensive. |
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I have said something similar in the second paragraph – meaning that having bitcoin is not mandatory if you want to study. Everyone's way of acquiring knowledge is different – but in the end the goal is the same.
The approach that we often find when someone learns about bitcoin is not to invest first. They learn from various sources, many of them even have mentors who are ready to teach them about how the market works and how bitcoin is worth it. So I don't mind a different approach because the main goal is to make a profit.
In understanding each science, each person has a different way, some take a long time and some can understand it quickly, this really depends on each person's personality. I prefer those who learn Bitcoin by not investing directly because this will not be good for them because they don't understand this well, but if someone guides them well they can try it with a little capital so they can understand every process they carry out. |
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