because bitcoin is recognized as the best coin in the world
I'm wondering who recognized bitcoin as the best coin in the world? Or is that just your opinion? You don't need to pass off your opinion as the opinion of all people. No, I don't mean to say bitcoin is bad. Bitcoin is definitely one of the best inventions of mankind, thanks to Satoshi Nakamoto. But I think it's wrong to make such an unsubstantiated claim about the best coin in the world. Well I agree with you that it's base on your own opinion but I think with the stats rate and market value of Bitcoin compared to other coins I think it's fair to say that we can assume that it's actually the best because when it comes to ratings and usage Bitcoin is number one and thats just says it's fair to assume it to be the best. But notwithstanding I still understand that many other crypto enthusiast still prefer other coins than Bitcoin. If we're about to compare Bitcoin to almost all of the coins in the crypto industry, therefore we could literally say that Bitcoin is the best among all, but if we're about to compare Bitcoin to other investment, of course there's also other investment that are also good, it would only differ to our own preferences and suitability. And if you're already doing investment and trading into crypto industry, for sure you would not only focus on one coin as to profit cause there's a quote that "never put all your eggs in one basket" which is better the more investment, the merrier profits. |
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Money causes these kind of problems most of the time if not all the time. Usual family problems stem out from conflict in finance and/or properties. The same rule applies to bitcoin. Bitcoin, specifically, doesn’t have anything to do with this horrible story however in general, the concept of investment and profits and losses can all be causes of family problems. It’s unfair to blame these kind of things solely on bitcoin.
This wouldn't be an issue if in the first place, you did not risk the money that you can't afford to lose in investment. Which results to unstable emotional and mental health that also affects the people that surrounds you. Bitcoin is not literally to blame in family conflict, if you're planning to invest as a family, of course all of you has to be well knowledged in something that you will risk your money with, such as Bitcoin. Investment is actually good to take especially in a family, but if you're not yet financially stable as you'll have to provide your needs, you really need to exert effort to have extra money for investment. |
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It reminds me of months ago when I was a guest speaker and panelist of an educational event in the nearby province. There's one guy who asked if it's okay to borrow money just to buy Bitcoin.
I gave him a straight no for that explaining the volatility and the unpredictable movement of Bitcoin. How can you payback the money if BTC's price was crashing down and not recovering for a long while.
If you don't have money but wanted to get in to BTC, much better earn it from side gigs or jobs and just put an amount that you can afford to lose.
Maybe if he listened to your as a speaker he wouldn't think like that. I think that he might considered you as rich since you are knowledgeable enough to teach people, but regardless of the financial status, borrowing money would never be a good option to invest in Bitcoin. This might be applicable to people who have enough salary that could provide their needs, as well payment to their loan. Still it's the risk that were concern since Bitcoin is unpredictable that could worsen someone's life. Explore more the internet or out of your comfort zone, for sure there's a lot of side jobs that people could take to earn for investment |
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After ko mabasa yung article, yes maganda sya in a way na mas mabibigyan ng ibang way or option yung mga crypto traders and holders. Lalo na sa mga existing UB account holder. Pero maaring may disadvantages din to na maidulot sa mga susubok as UB palang ang unang bangko sa pinas na mag ooffer ng gantong services, although meron tayong GCASH at maya iba parin ang isang kilalang banko, anyway sigurado akong maraming crypto holders ang aabangan pag launch ng naturang services ng Union bank, maaring marami ang mag open ng account through union bank dahil sa balitang ito.
Sa tingin ko goods pa rin naman siya, ayon yung risk na tinake ng UnionBank yung sila ang first bank here in the Philippines na maging open sa crypto. Kahit yang mga Gcash pag inexplore mo may makikita kang mga investment, trading tsaka Gcrypto. Tsaka pumatok yung UnionBank dahil sa pagtangkilik nila sa crypto lalo na nung time ng pandemic, kasi eto talaga ginagamit ko non unlike the other banks di sila open sa crypto as money source. Kung madami man tumangkilik, need talaga ng mga tao sa UnionBank na maging knowledgeable sa crypto since ininvolved na nila to sa bank nila, kasi imagine ibang mga banko ayaw tanggapin crypto since decentralized siya tsaka kumplikado, kaya saludo talaga abang abang nalang sa mga announcement. |
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But not all poor can grab the opportunity because there are people that don't have an access to the Internet let alone technology that can access bitcoin, maybe those above the poverty line and those that can afford to put in a little bit of money in bitcoin and have the devices that can afford to navigate the platforms where they can buy bitcoin. I feel bad though that the opportunity of a lifetime still doesn't reaches everyone but what can I do? It's not like I put them there or have any way to help them out, I'm just a lowly salaryman that lives paycheck to paycheck.
That's one of the factor that affects poor people to attain that benefits Bitcoin have. Cause nowadays in our technology which is the internet, from there you could gain knowledge by just simply surfing the web which you could find a lot of money sources, what more if they could do investment and trading as well. They can't escape that life of being poor if they doesn't have the knowledge how they can improved their life. But to be honest, do we consider those native people who live in the mountain as poor? I just think that rich and poor are just labeled in a community, cause from those native people who's contented by just living and doing things as their survival. And also I think poor wouldn't waste their time to understand thing that they think is really complicated |
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If a person once undergo through the feelings of success and large amount of money then what do you think will this taste be ended? No. Once a person realized that how worthy is it then be never let it go without getting more.
Dreams never ends so if you get larger sum then you will wish to play once again to get even more but unfortunately this dream will turn your meaningful profit into empty bucket containing no bucks.
If you at least once in your life feel how to live with money that you can not earn, then after losing this money you can fall into such a depression that only professionals can help you. In my opinion, if a gambler manages to win big money, he just needs to invest it in a sphere that will bring a steady income. For example, you can buy premises for rent. You can also invest money in bitcoin. Now is a very good time to invest in cryptocurrencies. If you won big time in an experience like the easy one, for sure you will stick to it as you are familiar to it. So as a gambler, they would literally would gambling again as they would consider themselves "experienced" hoping they could do it for another time, which is actually possible. But remember that in the process there's always a loss since in gambling risk is always present cause they are based in luck. But if the gambler has knowledge and experience, maybe he would literally think of the winning prize straight into the investment. As he is aware of the potential of the money on his hand if he stake it into investment rather than to gambling. |
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This topic goes deep. Basic desires can't be escaped, food/shelter/clothes. Certain desires which improve your quality of life should be given priority.
A thing to understand is don't go blind after desires. Taking out savings, taking loans to fullfill unnecessary desires is stupidity. A finance saying goes, fullfill your desires from the wealth generated from your investments, thus you preserve capital as well and fullfill your desires too.
Most people would let their desires win due to comparison to the other people, cause if they are contented of what they had, for sure they could save money with taking loans and withdraw savings just to buy unnecessary things that can't help for your own convenience. Focusing in investment rather than comparing would build up the mindset of "in the future or sooner I would also afford that" which is actually good cause for that term you could be financially stable to buy things you want. |
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I learned something new today. I started bitcoin trading with 100 $ I made 10$ from here and I lost 11$ gambling with 100$ now I don't call gambling bad because I don't understand and I don't have patience to play the game and past I easily from bitcoin made 10$ profit now which one should i choose you say i know a man need bitcoins in future but still a man can be addicted to gambling and to all of you i want to say none of you should be addicted to anything and not to gambling and you are more Trade Bitcoin and see your future shine.
Well if you think trading in Bitcoin more suitable for you based on your hypothesis, then you should stick to it cause if we were gonna compare gambling and trading, which both has involved risk. Of course if you have the knowledge in trading you could lessen that risk by studying and attaining some knowledge. That 100$ could get 1000$ if you are consisted into trading, cause in gambling we might say that if you are skilled and experienced you could also increase the chances of winning, but personally I think that gambling is really based on luck, whatever call you decided even if you think it twice it unlike in trading, where having a right call would get you profits. |
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Well if you're just starting from this industry since you said you transitioned from gambling to crypto industry, you'll have to study and gain some knowledge first because we all know how complicated trading especially if you're just a newbie. The first thing that comes to my mind when you mentioned marketing is the signature campaign, where you are being paid by Bitcoin itself by just posting informative information here in the forum. But as a newbie I think there's a long way for you to achieve that. I could only suggest is to invest cause among the two it would be hard for starters, so find a well paying job for you to have funds for investment in Bitcoin. Cuase if you only moved into Bitcoin due to losing money in gambling, I think you'll lose more here.
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On this board I often see a lot of discussions related to investment and finance which tend to be large scale. However, to start investing we need capital. How do you find capital for investment?
Let's talk about small scale businesses that have low risks and promising profits so that we can have capital to invest and become passive income in the future.
Do you have a small business idea? or business experience? I want to hear it
Most businesses are actually started from low scale businesses first before achieving the large scale one. Well we could say that all of the investment that you're going to do in business will always be included risk. But for me, I'm thinking of building an airbnb rental business since I have properties that are near tourist spots, which I think it would be a success. To be honest that business would be needing a huge capital since you'll have to think of the equipment and tools first. But for low scale maybe selling foods as a vendor would do good as logn as you know your target customers. Always know your place if it's a good spot to start a business plus if you want to boom your sales, include social media as your advertisement. |
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I agree with you.Trading is not for everyone those who don't have enough knowledge about trading should stay away from trading. But you can be a good holder if you want. There is a bull run coming up you can hold bitcoin and hope you don't get disappointed during the bull run. Before you need to gain enough knowledge about bitcoin forums. You need to know, understand and then think about trading. Rather than losing everything by trading, it is important to follow the right path and survive in the forum.
If someone starts trading with knowledge about trading, the chances of losing money will be very less. And if someone does not have knowledge about trading, he will lose all his money after trying to trade. Therefore, those who are new to trading should increase their knowledge about trading and Learn trading with advice from experienced people. Well knowledge is really important into trading, but if you all have the knowledge you've gather like in the internet or the book, but you can't even start trading and implement your learnings then it would just a waste. Cause one factor that are important in trading is also the experience, if you already have the experience of course some are losses and some are profits, cause by that you could build up your skills and techniques in trading. And I would also like to add in this "Learn trading with advice from experienced people." It's good to surrounds yourself with knowledgeable into trading, but never rely on the other people your funds by waiting for their signals. Maybe updates, news and trends would do. |
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It's too easy to say "just be self-disciplined."
Nobody knows all his inner demons. We perfectly see the weaknesses of others and their examples from life are always obvious and simple for us, but in fact we ourselves have neither the ability to look at ourselves from the outside nor self-control. Imagine that you won a large sum with the first bet.
Will your inner state remain the same?
I wrote that it's better to keep friends around, or write down your limit, or have only cash. The next time I go to the casino, I will definitely follow these rules, because you need to be especially strict with yourself.
That's exactly the thing, having self-control or staying within your limits is not as easy as one might think it is because if you are gambling regularly, you will probably find it hard to maintain a limit if you haven't been practicing that from the beginning. When someone wins a big amount or maybe loses more than they can afford to, that is when they don't remember about any limit or have any self-control, they will either become greedy and want more or will become angry and try to recover their losses. And we all know what happens in both situations. When you get greedy, you will most probably lose what you have managed to win so far which is unfortunate, of course. When you become angry or emotional, you will deposit more money and try to recover your losses and lose that as well in most cases. That's why I recommend the methods described above. Psychologists advise you to come to the casino without credit and debit cards, but only cash, the amount of which will be equal to the limit that the player can lose. Let's say such a person sits down to play slots and then if he loses everything, then no matter what emotional state he is in, he will not be able to lose more, because he simply will not have more cash. Also, of course, a very valuable advice is to come with friends to the casino, the main purpose of which will not be to play games, but to make sure that the player remains in self-control. That's actually a good method to limit yourself by just bringing a limited amount of money into casino. I think it's people nature to feel risk anything they had when they've lost the first time, it would really depends on the person on how they could handle their emotions and decisional making. Plus don't ever get provoked into someone in gambling that would lend you money cause it might be considered a loan which could worsen your situation, like getting held in the casino. I also suggest if the person couldn't handle their emotion, exit the casino, find a comfort space to release your emotions cause if you do something like broke the slots, yeah its worse, cause I've literally seen one where he got detained. |
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Every Apple product released is not only oriented towards the beauty of the hardware, but also the software. The iPhone is also considered more modern and implements new technological advances in each generation of its products. Supported by an elegant and unique design so that it becomes a special attraction for customers. One of the reasons many people want to compete to buy an iPhone is because of prestige and wanting to get recognition that Apple product users look more classy than other smartphone users, thus making iPhone users more confident.
My thinking is more about managing finances rather than spending them on buying things that don't add value when selling them. Currently buying Bitcoin is much better than buying an iPhone, investing in Bitcoin is more profitable than buying an iPhone, I can still live even if I don't wear branded goods.
I agree with you. Although the new iPhone is eye-catchy and has really nice features that are not present from the previous ones, I think I will surely pass on this new release. Despite being really into tech and a big fan of Apple products, the price for this new release is way out of my comfort zone when it comes to spending for something I don't generally need (my current phone is still up to date and is still working perfectly). Moreover, it is true that this product will not give me or produce any profit for me even if I decide to sell it one day, instead I'll just focus on my investment that will one day give me profit that I need. Hence, for now, it is a definite pass for me. Many people might say that iPhone just want to have more money from their customers, but let's not forget the innovation and upgrade which we people always trying to enhance for every person's convenience. Whenever there's a new released model we can say it might looked alike from the previous and has a little new features that could be considered as innovative. Still upgrade is an upgrade, so people would still want the new ones. But it would be too impractical to buy a cellphone that are too pricey when you still have a phone that are still working. Just wait more few months or years, for sure it would be cheap and there's another new release phone. |
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Recently everyone i asked related to the bitcoin has an idea because of the era of NFT people committed to the crypto. Even in just a family if someone committing on it and the other family member support this they can now make a deal to make an investment but again its now a family decision and your only decision if they will going to hold or to sell their asset we cannot deny people don't want to lose their money invest in but the market in crypto is volatile so can be an argue to them if they will going to hold or to sell the result will comes up after they commit the decision and there's a blaming possible happen.
For me, when it really comes to crypto or Bitcoin, it's really difficult to handle if you involved your family especially if they have the mindset of quick and easy money. Actually based on my experience which is also from era of NFT where I told my family about it to invest in such good project and sell would gain you profits. So as they've heard the profits they actually agreed to invest but it's the worse, it's always about the argument where they instantly want the money bank. That's one of the problem that I have seen, which is they don't have that much knowledge about the crypto industry works. After I've gain profits I gave them the money then I've never let them involved once again due to this kind of situation which is really stressing and pressuring. |
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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. |
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Time is the only free from the things you mentioned.
Education, health, network, skills, and financial literacy ain't free. You have to spend something to maintain and gain something from these. We can't help but to spend to something we want to invest, that's why it is called investment, it will always come with a price because it is gonna give us reward that could help us in the long run depending on how we're going to use it.
Exactly, there's always something you have to sacrifice for you to attain one of the list, for example you have a lot of free time then you decided to study financial and investment, now you're spending now your free time to learning which is actually better, but you've lost your free time in a good cause. Even in work and jobs, they would pay you for the time you've checked in and checked out. Well there's a lot of free informations online thst you could get including health tips, financially, skills and etc, you'll just need to find a reliable sources cause you'll just waste on your time incase. |
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This question can be very tough to answer, but believe me, many people won't stop thinking of that if it happened to them, so I want to know your opinion about how you would feel if it happened to you.
This is actually a difficult question to answer, and I think everyone has experienced this feeling not just once, but multiple times. For me, in the beginning, I couldn't help but feel regret and beat myself up, wondering why I acted so foolishly. But now, that feeling has mellowed because I understand that I can't change the outcome; dwelling on it only puts me in a bad mood later on. I'm working on being more thoughtful before making decisions to minimize mistakes. I really think that people have experienced this kind of situation. And I have observed that, it's easy to have judgement and wise decision in gambling if you're just spectating and not betting at all, but trust me if you're in the line and staking your money for sure you would really think that gambling were based on luck. Knowing your intuition and thoughts being corrected is really frustrating especially if it's a life changing prize, but remember that it is also a huge risk that you are taking which is normal to feel hesitant despite your gut telling you the right bet. |
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In my opinion, only those who are stupid waste the opportunity to start investing, even though it is clear that great opportunities are in front of their eyes but they prefer to keep themselves busy just gambling for example. Believe me it's just a waste of your time and money and there is no significant return (profit) if you only depend on gambling which will only worsen your condition.
everyone has their own path. know that not everyone who gambles thinks they will get a changed future by betting. most already know they will lose more than what they gain from gambling. but why do they still continue to gamble? everyone has their own way of dealing with problems. Gambling may be considered a problem for some people. but others go to casinos to have fun. I gamble, I invest in Bitcoin, and I also trade. There is nothing wrong when you have a way of managing your finances well. That's the toxic thing about people who gambling, of course not all of them I'm talking about some gambler, they know there's no guarantee they would win big time and eventually would lose money still they choose to gamble the money they have. Dealing problems with a past time that could get you addicted and could worsen your situation more it's not a good way of dealing problems, maybe this would be applicable for people who's financially stable and rich. If you're just gambling just to escape reality then that's the worse, it's like an alcoholic person reasoning why he's addicted to drinking due to they want to distract themselves from their own problems. |
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In other to be safe, you must avoid clicking links that you have no idea where it is coming from maybe through emails, social media, sms links, failing to make use of your browser in the sense that you do not type complete what you are searching for in your browser but using auto complete to finish it up. This makes your system vulnerable to attacks online.
For instance, using Google as a search engine means that even if we don't type out a complete query, Google automatically suggests searches based on our history or related recommendations. To me, this isn't an issue; the real concern lies in Google's long-standing reliability in terms of security.  The problem arises when you venture into suspicious web pages. Sometimes, clicking on links in search results can automatically trigger malware downloads. Even paid antivirus software may fail to detect these threats at times. The more you delve into the online world, the better you understand the prevalent methods of internet scams. In essence, steer clear of malware, as it can often go unnoticed by users and even evade detection by any antivirus software. Searching from Google would still be dangerous with auto suggest in search bar cause some of the searches contains unverified websites and links that might be a virus, they will suggest you searches that are connected from your history so when you search like Bitcoin it might suggest other websites that are similar so it would be the best to double check first. Google has actually a security feature if you activate it in your settings, when you clicked a suspicious link, it will give you a notification that "you are leaving into an unauthorized website, do you want to continue?" something like this, so you could avoid instant download links when you accidentally clicked it. |
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I find this risky because once you lose the 2nd part of your idea, then it would be hard and close to impossible to open or recover your seed phrase which will just cause your efforts to be wasted. All you need to do is trust, trust your partner, give them the ideas and information because accidents could be anytime which I hope it would never happen. Because to be honest, if you'd make a more complicated way for them to inherit your wealth, they might ask another person to open it up for them which can scam and take the wealth. Just put a hardware wallet into a safe where you could simply give them the password and the key, just say only open it in case of emergency. For sure they would eventually understand you and follow your instructions.
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