In my country, the average salary is 400 dollars, so the amount of 2000 thousand dollars is serious, I cannot say that it is nothing. But this amount is not life-changing either. Because life is expensive and this bonus will disappear very quickly in daily spending. I have several jobs, so I didn’t spend these winnings and continue to save them (in Bitcoin), but I can’t open an offline business with either 2 or 10 thousand dollars (and frankly, in my country it’s pointless).
That amount could be life changing if the winner used it wisely, like prize straight into investment such as business, crypto and etc. It's a good start to use for finding or building a money sources. Well it's true that the prices of the goods now is pricey due to inflation, but it's better to put it in investment so it won't be a waste by just increasing value of the market prices. It's actually better than nothing, it might not be a quick rich path but if you accumulate Bitcoin and hold for a long time, for sure it would paid off in the end. Well in the Philippines where almost everywhere you could already start a business by just having 500$ as capital. Of course it's a small business but for sure you could profit like 100-200$ per day. Yes, I agree with what you write, but I have to make clarifications: for me, the amount that can change my life is the amount that will allow me to leave my fucking country (Russia). Taking into account the fact that I have a family and I am not 18 years old, you understand that I am not ready to significantly reduce the standard of my life in a new place, so I am only considering (at least for now) a move where I will have a serious financial cushion. Well, it couldn't be helped if we feel that we're not going anywhere or becoming financially free in our own country, cause I can actually relate since I would literally want to go overseas and get a job as well get paid non bare minimum wage, of course is not actually easy to find one. I did not know your situation to suggest things that might not be applicable in your case, my apologies. Adjusting to new things is really hard, I'm currently living on my own but I consider things already hard with budgeting money, since I'm away from my family (1000km away but also PH). Since this country is full of corrupted people. And hopefully you could find better place to move and save up money. |
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I promised in a post on this forum a few months ago. I had a plan to give half of my bitcoin investment to my wife after marriage. I got married a few days ago. First I gave my wife all the ideas about Bitcoin. I was surprised to hear my wife, as soon as I told my wife about Bitcoin, she said that she had heard the name of Bitcoin before. I thought it would be very difficult to convince girls. But my wife was able to understand about Bitcoin very easily. I gave him half of the investment as per my word. He is very happy to get Bitcoin. My wife plans to hold bitcoin for a long time. Now you can say it is better to give girls gold jewelery than bitcoins. I have given gold ornaments to my wife as per her wish. Have any of you managed to teach your wife Bitcoin? Have any of you gifted bitcoin to a wife like me? My wife also join me in my trading in the past She even learn small trading but as the market continues to be volatile , she passed and only Holding some of our crypto asset now in Her own wallets. but given her half of my investment? nope I will do it because I even handle her our Keys for the future of our children. I love her and my family so I care nothing if even what bad things happen in the future at least i have clear heart that i entrusted her our crypto asset. Lucky you brother, my wife doesn't give me any dime to invest again. Though all my holdings bought us some furniture for our room. Yet she does not want me again to invest. But I gave all the idea of having holding and how the market works, and when the time she invest without even telling me. She bought the wrong coin and it went dump. She doesn't even ask me what coins should she buy and she just lost. I still convincing her to invest again, either in BTC,ETH, or BNB. I think because there might be a reason behind it, like you guys doesn't afford to invest or in other words she doesn't want to risk your money. But after realizing the benefits after telling her, then maybe she tried on her own so she could do what you do. Just try to communicate more and be open to each other. I hope she doesn't take it badly as an experience in investing at Bitcoin. And convince her in a way she doesn't feel pressured or forced, cause if you invest with these kind of feelings, it might lead to bad calls and unwise decision making. |
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The answer will be very varies for each person, really depends on when they enter market and what their target profit is. However, I don't think many people think of selling all of their Bitcoin at once, they will just send part of it to take some profit. So for people who enter the market last year or so, and they have reach the target profit, I think it won't be a problem to sell some of their portfolio and take some profit and enjoy it.
Exactly, it would literally depends on your target selling price as long as you profit. There's nothing wrong with selling early cause it might be consider as trading than investment. That's the common technique in taking profit, like take how much funds you've invested then the rest hodl it. Even for people that doing DCA for long, they could already sell and take profits if they want to, but some would just prefer to have diamond hands and aim for the highest profit they could take. I think they just taking their time and waiting for a while for the best time to sell. |
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You could already do DCA method with that money every month, but based on you post OP, it seems your just starting to invest, so I suggest you to do your own research first and attain knowledge so you wouldn't not just invest without knowing the rest. Cause you might do DCA method but not knowing there's other methods, skills and techniques that you could apply if you study first. Just know that Bitcoin is still volatile so there's no guarantee that it would meet up your expectation real quick. It might take years, decades, months to reach it's peak once again. Investing early really have advantage as you already have background about investing money especially it would be a benefit for you in the future. You're lucky with your dad as he gives you monthly allowance, would be better to inform him and as well leave some money for you to buy foods.
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Don’t push forward while you are already playing uncomfortably because this will just make you bet recklessly.
People do it because they have this meme in mind.  You know it's been going bad for you, but what if your luck turns next round and it starts going great, allowing you to recoup all your losses and more? I also tell people to stop if they feel like they're unlucky and start becoming nervous and depressed, but there's always this hope that we have of finally hitting gold. That's why the best thing is to set a money limit. If you hit it, that should be the end.You will not know what happens next round, but you'll at least be able to blame it on the bankroll. That's true that sometimes you could feel you win like your luck sided on you in that one round. But if you're just keep going and betting all of your funds cause you are just hoping to win, I think you're just hoping to recover your loss and if it continues, it could be consider as addiction. Set money limit, plus controlling your emotions is a must. Cause as you said as you started unlucky, you are starting to panic and depressed which could impact your decision making giving you bad calls. Also know when to stop, cause gambling still doesn't guarantee you win so control yourself. |
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~
How about you guys, did you earn your first Bitcoin through services here on this forum? Are you mining or you bought it as well? Which crypto came to you first, is it Bitcoin or Altcoins? What are your Bitcoin source at the moment if you don't mind me asking?
Yep. I earned my first Bitcoins here, but not on a signature campaign though. It was on an altcoin bounty campaign where I tried to apply as a translator of their ANN, and bounty thread on our local page. To cut the story short, I got paid thru their native tokens, that token got listed on an exchange, and luckily I manage to sell all of them for Bitcoins, bought a smartphone after that, and then a computer, then some assets as well. That's the first time that I earned Bitcoin. After that, I tried to invest I think $10 coming from my own pocket, and bought Bitcoin. That was my first, and last money that I used that came out of my wallet, and invested into Bitcoin. All of the money that I used to buy the assets I'm currently holding came from signature campaigns, and dividends from the coins as well since I'm holding staking coins. Bitcoin is the first cryptocurrency that has been introduced to me, so I focused solely on Bitcoins when I was starting then over the years, did research some of the top altcoins, invested on some of them, and now I'm currently holding some as well. My Bitcoin source, was of course the signature campaign (no need to hide it as it's pretty obvious), also a portion of my income in my job is being invested as well, but on Bitcoin only, but on different assets as well. I can relate to your experience. It also happened to me back then, I joined Bounty Campaigns and was able to sell the reward tokens at a high price. Some of it was sold to purchase my needs and wants and also to pay for my expenses, some to hold for bitcoin. Though, I was not able to hold bitcoin for a longer time and sold it after a few months. I regret it sometimes, but I know that it won't do anything that's why I try to focus on buying bitcoin as much as I can. That's alright, cause for sure mostly have their own reason for selling their Bitcoin. Still that's the point of holding Bitcoin where in the end, you would sell it, it's either you are satisfied from the price or profit and it might be an emergency purposes. Back the, I also always sell my funds once I received the payment, it might sound regrettable but for me it's fine, due to I am still exploring and enjoying the money with buying things that are really necessary like for example smartphone. Now we're on the stage I call "matured" since we focus more on investment now than our desires, cause for sure it would pay off in the end once you achieve your set price. Keep buyign and holding as long as you can, since Bitcoin volatile so we aren't sure when it would increase again. |
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Yung tanong ko dito is kung buhay pa yung may-ari ng account na yan dito sa Bitcointalk forum? Sa tagal ng inactive baka gumawa na ng panibagong account yan at sa tingin ko ay kumita din ng malaki yung may-ari ng account na yan dahil sa (not sure if) "binebentang" e-books nya malay natin BTC din bayad nun. Parang manipulation ang dating ng post nya pwede rin na pure speculation lang pero sa time na yan if nagdump yung mga hodlers ng BTC napakasayang nun pero syempre di nga alam ang galaw ni Bitcoin dahil duda pa sila sa kakayahan ni BTC na umakyat.
Panigurado yan, siguro nag rant lang siya sa account na yan sa napapansin niyang movement ni Bitcoin kasi nga nag invest din siya or nag hold. Pero matic yan laki din naging profit niyan kasi mag hohold yan for sure dahil nga sa reason na nakaside siya kay Bitcoin xd. Pero possible din na nagbibigay siya ng mga information na ganyan para magkaron ng fud eh kasi nga baka nga manipulation yan. Hirap din kasi alamin kakalabasan ni Bitcoin lalo na starting to rise palang siya before noong 2011. Sarap non kung nakapaghold kana super early that year kasi isang piraso palang milyonaryo kana. |
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I'm actually amazed nowadays that the youngsters I have seen now could make a lot of money with the use of social media. Especially to kids that are working student, cause they are making their own money to provide all their needs which I really salute. From what I have observed, mostly of the freshly graduates or 20 years old people are having a lot of jobs, from that it seems they are just exploring the different of jobs that could suitable for them as well as paying good. Then the internet came where you can literally have access to everything like finding source of income. There's an influencer who started from nothing as I follow him. By just a simple viral video that he edited, boom he changed his life as there's a lot of collaboration as well the payment from the every views he makes. You could also add the advertisement which could literally have a lot of money. I'm just amazed that even kids could do things like that by doing their own thing.
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I had success in gambling, I won several thousand dollars at a time and for my country this is significant money. But I doubt that I will ever win really significant money that can change my life. It’s just that when the prize reaches a serious value, I make a withdrawal. To win much more you need to continue to take risks, but this does not suit me since I am responsible. Considering the fact that I don’t play the lottery or other games where there is a huge jackpot, I have no chance of getting it.
If thousands of dollars is a significant amount of money in your country, isn't this supposed to be a life changing amount already? i am just curious seeing that you said that you've won thousands of dollars, and still go ahead to say that you don't think you will ever win a life changing amount of money from gambling because you are a responsible gambler. If you don't mind, then permit me to tell you that you don't have to win a million dollars in gambling before you know that you have won a life changing amount of money, for as little as $2000 dollars is enough to change a person's life, for example, with this money, one can go into a business that could turn out to become a multi hundreds of thousands of dollars, or even millions of dollars' worth business. I myself here have never won an amount above $100 from gambling, this i believe can tell you how unlucky some people are with gambling. In my country, the average salary is 400 dollars, so the amount of 2000 thousand dollars is serious, I cannot say that it is nothing. But this amount is not life-changing either. Because life is expensive and this bonus will disappear very quickly in daily spending. I have several jobs, so I didn’t spend these winnings and continue to save them (in Bitcoin), but I can’t open an offline business with either 2 or 10 thousand dollars (and frankly, in my country it’s pointless). That amount could be life changing if the winner used it wisely, like prize straight into investment such as business, crypto and etc. It's a good start to use for finding or building a money sources. Well it's true that the prices of the goods now is pricey due to inflation, but it's better to put it in investment so it won't be a waste by just increasing value of the market prices. It's actually better than nothing, it might not be a quick rich path but if you accumulate Bitcoin and hold for a long time, for sure it would paid off in the end. Well in the Philippines where almost everywhere you could already start a business by just having 500$ as capital. Of course it's a small business but for sure you could profit like 100-200$ per day. |
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That is one of the reason why Bitcoin is the best investment among the others, which is the decentralization. Unlike the others, you would have to take care of the paper works for example, the real state, you would need to have a permission from the city government and the signature from a licensed engineer/architect for the floor plan. Pretty hassle right, if you've mistaken then your investment could be the same from OP's scenario. In Bitcoin you could do whatever you want without government involved, plus the tax that would deduct from your salary or profit. In short, you have the freedom to take control of your assets and invesment, it will only depends into your hands if you will profit or take loss.
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Tell them Bitcoins are like gold but in Digital form only. To be more precise tell them Bitcoins are like digital gold. The investment procedure is same as of Digital gold. But why you should invest in Bitcoins is due to the decentralised nature of the coin. You will completely own the Bitcoins under you, and you don’t have to pay unnecessary taxes for the holdings. Moreover Bitcoins have grown at very high rate if you compare with gold. So definitely Bitcoins should be prioritised more than Gold when it comes about investments.
Well, I think this is the best way to explain Bitcoin to them by just comparing them to gold. Cause for sure even in the past, many people are already aware on how gold system works especially that you can invest into them. By just telling them that it's like gold, then they could have an idea that Bitcoin can be use as investment. The only problem is, some wouldn't trust the internet, which is pretty normal since there's a lot of cases where there's a scam, hacks and stealing. Just tell them both sides of the Bitcoin and let's not be biased, we all know that despite the benefits like decentralization, there's still risk involved. Cause they would like to invest or risk their funds into something they could see physically. |
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It's really hard to give something that is hard to give to someone since it can be easily broken, once broken it's really hard to gave a second chance. I guess this would depends on the person experience, if they already experienced betrayal in many things waste their trust. For me, I can't really trust anyone even my family, but since they are the one who's with me from the start, I still trust them, it's already on their conscience to do bad deed. Imagine you saved a lot in crypto or bank but they used it wisely in emergency right, I think that's tolerable.
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Emotion would really be a huge factor in speaking about its relevance when it comes to trading career or whatever investment venture that you are dealing with. Control is relevant and significant but of course it would really be just that depending or basing up on someones experience on how they would really be making themselves that having in control on such situation.
because people who are not experienced in trading will easily panic when they see price movements, I even have friends who are just learning to trade and are very stressed and busy always looking at the trades being made. Controlling emotions in trading can only be done by those who already have experience. and beginners don't need to be afraid, because the more often they trade, they will gain experience from which they can learn. and indirectly it fosters emotional control. although in this case everyone's level of understanding will be different. I think it's normal for them to feel that way since they are just started learning to trade, they are not yet fully experienced in crypto trading so they don't have any idea how controlling your emotion has a huge impact or affect to your decision making in trading. Too much focus on the market's value movement, without knowing the possible reason behind it could give you any emotion and thoughts that might lead to bad calls which they've need to enhanced and to be calm in any situation. Learning by yourself or from your own experience is the best way to be independent here in trading, cause I have seen some relying in another trader's call which I think is really bad, cause you risking your funds into someone's call which might be a wrong move as well. |
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It is true the volatility of bitcoin has gone down compared to the previous cycles, however this is bound to get even worse as times goes by and you will have to find a way to deal with this, in a way what you are going through sounds similar to the feelings those that practiced an extreme sport go through once they stop doing that activity, they feel their life to be kind of dull and they miss the old days in which they did all of that crazy stuff, and if I am honest with you there is not much you can do about it, as bitcoin is not going to change its behavior according to our needs and we are the ones that need to make the adjustments instead, however once the bull run starts and you see the profits coming it is likely you will forget about this for a time.
People can make mistakes, as mistakes are related to trading, it is possible sometimes, that due to a small mistake, there can be a huge loss, so it is a common thing. Also, bitcoin volatility is from the very start, but not only bitcoin every coin changes from time to time, it doesn't matter at which time someone has taken entry it will be changed. Analyzing all these things also creates some good vibes in the trading and helps the trader to go on. As the bitcoin can't change for us we can change our strategies and we can do trading in some other ways so there will be smooth trading. Trading creates a massive impact on a trader if he has much knowledge about the trading. Trader could make an profit by just analyzing the market which is a quick flip method, where you don't have to hold for a long term so you could get profit or else you could be possible to get easily liquidated. That's the negative side of the volatility of the Bitcoin if one person doesn't know how to manage trading. If we were about to do trading, we are taking advantage of the volatile situation of the Bitcoin, so your 1$ let's say in just seconds it changed it's value and it turns to $10. We could say that it's just a simply method of buy and sell, but without knowledge, you could still make mistakes without knowing what is your mistake. |
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I don't know if it's a good thing to use Bitcoin for staking at gambling, cause in my case, I always convert it or leave a spare amount that I can use for gambling so it wouldn't be regretful to see some of my Bitcoin that should be a holding, went to a waste if you lose since we all know that everyone is trying to accumulate Bitcoin, now you could also use it for gambling. So I rather convert it to USD, but mostly it's just the same game like roullete, dice and casino. They just have different way of betting and transaction since it's online gambling where they can be flexible on accepting kinds of mode of payment. Since i'm bad at playing games, also bad at analysing games at sports, it's like relying on luck and thrill of winning unexpectedly, don't worry I don't bet huge amounts.
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Well from my understanding from this, it's not only aiming for our thinking that once we did not pay the loan, they could just easily send someone to the address. Knowing your personal information is one their assurance that you could pay them cause they know your identity. They would also process if your monthly salary could pay up your loan, and they would interview you like how much money do you spend to provide your needs so they could calculate. And if it happens that you just by passed and did not pay literally the debt, they could just simply contact the place of your job so they could less your debt to your salary which is legal.
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These four years I will hold my investment and also save the money earned from trading or signature campaign for four years so that after four years I can start building the house.
You must pray for me so that I can fulfill my mother's dream.
It's good to have dreams and goals in life, without them it would be hard to endure years of saving and cutting back. Owning a house is also one of my dreams and if you can help to fulfil your mothers dream than you should definitely do so. A house is a long term investment, it's not only for your parents but eventually also going to be your house. Keep that in mind when you are building it, maybe you have a some wishes yourself for a special layout or a particular room. Now is the best time to include everything you want, because eventually you could live in it yourself. I don't know how much money you are making with trading each month, and I also don't know how much money you need to build a house in your country. Keep up saving your money and your bitcoin investment is going to help a lot, but be careful when you have a fixed price that you need bitcoin to reach in 4 years. There can always be setbacks and the price could drop again. It would be helpful to have different income sources, maybe you can also save some money from your job each month to make your savings grow faster? Good luck with your mother’s dream. Dreams really do help us move forwards, dont they? It is very important that you see a house not just as a building, but also as a possible home and property. Diversification is very important for someone who is really into the crypto waves. Even if the predictions look good, its important not to put all your eggs (or bitcoins!) in one box. Have you thought about what changes in property values mean for changes in cash and Bitcoin prices? To get around in both old and new economies, you need to find a balance between real assets like the house and digital assets like bitcoin and others. It is important to keep your goals in check when dealing with bitcoin, especially since it is so volatile. Chance and luck can play a role, but careful planning always wins. I agree with this, cause it would be better if you don't rely to Bitcoin alone to achieve your dream. Since there's a lot of ways to earn money or profit like in other investment, such as business, gold, forex and etc. Cause we know that there's still no guarantee that we would expect Bitcoin to increase in months or it might take a lot of years. So if you're planning to build a house for just few years, then having alternatives would be the best thing to do. Or having extra money sources and side hustles to have extra spare of money for investment as well. Well everything has a risk, if you put knowledge and played it right as you follow your plans, then it would be good. If it might not follow your plan, then for sure you'll have to make plan B for that situation. |
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There is no doubt that academic pursuit is enough to get a job. Most of the average-paying job requires an academic degree, so people who fail to get a degree don't have a chance to get into this kind of job and most of them often land on jobs that pay less, this is based on the system of my country. Academic degree holders have a higher chance to get a high-paying job than the skilled but don't have an academic degree. Most managers and supervisors position need an academic degree plus a master's degree regardless if they have the skill or not.
I also heard that the same fact happened in several areas in my country. But in my current area, apart from an academic degree, there are other things that we must have in order to be easily accepted into a job. Namely having connections to insiders. Even with a high academic degree, it will not be easy for us to be accepted into a company if we do not have connections to insiders. But people who don't have inside connections can also be accepted for work easily, namely with money. Well this is quite a strange thing. We look for work to earn money. but I have seen many facts that to get a job we have to pay someone to help us to get hired. But I don't like that. In essence, it's like fishing for money with money. It's ridiculous but I think this is common knowledge. That is one of the problem that fresh graduates facing, some of the jobs might required degree but some achieved it thru connections by recommending them despite the fact that they do not meet the expectation of the role in the job. And it's true some would ask for money with saying that "we would immediately process it" that's how hard to find a job. I don't know I think it's fine for me? Cause I know for sure they wouldn't last long in that role cause they've only attained it by just having connections and paying someone, so when the company have a high expectation from them, they won't even meet that for sure. In short, the best thing is to process it right and let them find your potential but yeah it's hard with the numbers of unemployed people. |
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Even though gambling winning is very sweet, it is very risky relying solely on it. It is always better to make gambling a means of passive income and not a full time job. Gambling requires funding and when there is no stable income, there will be a huge impact on the psychology especially when there is serious loss that is always possible in gambling.
Even taking gambling as a way of income or a side hustle is not even idea, making gambling to be as income, people will always expect money coming in from every game they play. I think it is better not to have any expectations of making money through gambling, playing gambling should be a game for fun, and never to take any game too serious and it the result must be successful. Gambling is about winning and losing and whatever the result it should be accepted. People make big mistakes by allowing gambling to be source of leaving and it gives lots of pressure when the result turns out to be unlucky. Winning on gambling will give you too much expectation that will increase your hope to win again, knowing the fact that gambling is a 50/50 situation which is win and lose. So after winning that huge amount, some would consider it already as money sources or income. Just like from OP's friend, for sure he'd put too much expectation so when he lost, he got sick cause he got drained with the situation. Just consider gambling as a source of fun where you can find thrilling and excitement with money involved, but never take it as a job unless if you are professional where you can get sponsors, in short that's literally their job is to gamble. Which is very different for an average person when they gamble, it is their own money they are risking and wasting. |
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Stop eating outside, cooking your food is a better option than going outside. If you're a family and you've got a limited budget, that's one lifesaver that one has to remember. Obviously, that's what gonna work for a family that's consuming food because you'll not even be able to afford to eat outside because of how expensive food is nowadays. And do not settle that you're just the sole provider to the family if there are some of you that can work just as you, you need to convince them that they also need to work and provide for everyone.
Also if you have leftover food that you can still use like reheat and to add, like for hams that can go along to anything like sandwich and part of the recipe. I think that way you can also saved up money, cause my mother is good at recooking foods that could last for a week. Whenever you're going to grocery, always have a list to follow cause for sure you would see everything that will led you to buy as well the unnecessary things. Don't also forget the discounts like the buy one take one, it's actually also good as saver, cause I always buy a lot to have stock at home with the same price but double product so it's a win situation. Well, I started to give some money for the needs in the house early at 16, any part time and side hustles would do as long as it's legal. |
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