one must have knowledge of managing money to make full use of their money and not become bankrupt but here's the thing, does this knowledge only comes from financial education? I don't think so.
things like this could be acknowledged naturally, by knowing how the worlds really works, if one get 1 million dollars and have this repulsive of always becoming consumtive and therefore drain their money faster.
then they are beyond any saving, what matters most is the inner consciousness that being consumtive will eventually drain you of your money.
and I think it doesn't need financial education to know this, just common sense.
I think the other way around of choosing the million dollar is much better in a way that financial education can be acquired using your money and also you can also seek guidance to those who are professional in the field of financial planning. It is nice to have a money that you do not really work hard for since in the right actions and guidance you can make more from this amount of money. But, since this is just hypothetical and is something that happens in real life, this is where financial educations enter to have a great impact to how you would manage your money and also grow your money so that you can get to the million worth of something you work hard for. |
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Definitely can, but the question is different - how zholgo? If this strategy was profitable now, will it be so later? There is no definite answer, and it is important to understand that copying may not answer this question.
If they believe their strategy is not functioning well, they will improve it to raise their chances of winning. Master traders don't want to lose because they use their own money, therefore you won't have to worry about them losing your money. They are working hard to make their trades successful. However, it is very different if you trade your own money, but if you don't have the time to do so, copy trading is the greatest alternative for me. Just be certain that the trader you select was really profitable. Agree with these since as long as you know and really assess the historical trades of someone you whom would copy its trading styles and techniques, you can be at good hands and have a good result in the end. It is true that since their money is at risk at this trading, you can have some guarantee that they would really be analyzing their moves so that they can gain more in trading. So, it is possible to gain profit on it but you personally should have your own takes on this trading since you can have a decision to follow or not follow their trades. Just know that it is also a risk to copy trade and you should always agree that you can afford what you invest in this since nothing is guaranteed in the end. |
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There is an opinion that the more money you spend, the more you get in return, it is interesting to find out who really works in this direction. I spend enough money, but I have a fixed income, therefore I will not be able to get more. I don't have rich relatives, and I don't expect an inheritance either. I want to get rich, not to deny myself, but I have to save on everything. Who really faced big expenses and received even more? How does it work, maybe I don't understand the essence of it correctly?
I think this opinion applies to certain situations since spending could really be turned out to be useful and have you something in return. Like when you make a smart and planned spending, you can have in return some kind of financial stability. Another is when you spend for capital to a business, which in return gives you profit. I think this opinion only matters if you know what it truly means and knowing how useful it is to spend in some situation and really be making something in return out of it is a good habit to do. It is always a personal point of view on how would you take it, either as a positive or negative mindset, so one must choose if they would turn it into something positive that can give then returns, or choose not to believe on this and still push that there is nothing to get from spending. |
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Current number of post (Including this one): 2987
Rank: Sr. Member
bech32 address: bc1qme0j0hxrxyghzgxfrdd7sat5eehuyatugak2th
Merit earned in the last 120 days: 11
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Applying for senior member rank:
Current number of post (Including this one): 2985
Rank: Sr Member
bech32 address: bc1qme0j0hxrxyghzgxfrdd7sat5eehuyatugak2th
Merit earned in the last 120 days: 11
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This concludes our signature campaign, participants may now remove their avatars and signatures. Thank you for participating in the Utopia's signature campaign. Week 15 TX IDRewards for week 16 will be posted here as soon as Utopia released the payment. Thank you joeperry and the Utopia team, hope the best for your team! Thank you for the opportunity! |
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It's depends on how you plan your investment, and it's a choice too, some people are spending when crypto when are still upsidedown and some people spend because of situations, and some person's try to holding for long-term. But investing definitely doesn't require much skill, just common sense makes shopping easy, when I was in sss one my chemistry teacher use to say common sense is not common, I was confusing but when I fall in crypto investment that is when I understand what my teacher was saying, because you can not just come to cryptocurrency and start investing, you must put something upstairs before investing, and now when the fee is frustrating people some person's are saving there coins.
Agree, different situations should be considered like for example some would choose to sell at high price given that they reach a significant amount of profit since through this they can use the converted money to buy something. Some would really choose to spend the crypto directly since there is an increasing number of stores that accepting it. But given those scenarios, I think I would still settle in selling in high price of crypto so that I can use the profit to buy this given it is in fiat currency and use the capital money to convert it again given that price drops. So, it really boils down to a personal preference to how you would see its greater impact and greater value when used in purchasing as a payment. |
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It is truth investing on what you don't have knowledge can not make you rich, because you have to go for knowledge and information in a particular thing for you to get the knowledge on how it works to become rich, in other words, Bitcoin business, to be rich is sure, but not get rich quick. Therefore, information is very important in cryptocurrency industries market.
Investing in a business you have no knowledge of is a very dangerous move to make. One thing I've noticed about businessmen is that they don't make decisions that will not benefit them since their money is on the line. Businesses face their own challenges now that the world is experiencing inflation, and each individual business is affected in its own unique way by it. The bulk of people that buy Bitcoin nowadays don't even have a good understanding of the entire process that goes along with it, all they know how to do is buy and spot trade. If you're introducing anybody, be sure to be very clear. before they start blaming you when the colors start changing. Agree with these since the very nature of investment of any kind is its riskiness, it won't really guarantee you anything. To add more, crypto being a volatile currency makes it more risky to take since there is huge movement in price and market given different situation. So, it is a fact that investment is not a get rich quick of life since you have to take considerations on what you are investing and really take time and effort to manage and plan it. |
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The ability to think positively despite your physical condition is what makes growth come faster. I'm glad you chose to invest in Bitcoin rather than thinking to store the money in the bank, since doing so will deprived you of the privacy that Bitcoin offers.
It's the most preferred alternative to cash as it promises high investment returns especially with the bullrun season next year. I honestly commend your determination to be independent despite the circumstances.. keep hodling!
Agree with these since given you have a difficult situation, you still continue to aspire something for the betterment of yourself that is truly an inspiration to see. Investing in bitcoin is still a risk but it might give you maximum profit so you just have to take the risk you can, and really asses it and have knowledge regarding this. Just take calculated risks and hope you may have a great experience in this journey of yours. |
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I don't know what country this is in, but it seems the same in my country, where if you are just relying on your salary (unless you have a huge salary), like me, you can't really purchase a car or even a house. That is really the sad truth, and even my parents are struggling, and I don't have anything to inherit from them as even they don't have a house or land. Also, no one gets rich from working 8 a.m.–5 p.m., which is why others venture into business to try their luck. Even though I do have a full-time job as well as side hustles, I still struggle.
Exactly, it is very hard to get rich when you just settle to be an employee unless you do really have a huge income from it. I think it is not impossible to make our salary be higher, but it takes years of work and commitment to really achieve this. Also, I think that luck in a way have its effect on us since we may be committed enough but if we end up on a company that does not offer increase in salary you might be settling in this. It is the sad reality for some since the salary for most of the people is just enough to make ends meet. So, what we could do is just keep on improving ourselves so that we can improve our salary and financial capabilities while trying out the world of business since it is better to take some risk to have a better future ahead of us. |
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I personally have that a little bit of feeling bad when using bitcoin as payment for something since there is that thought of possibility that you maybe are making mistake of selling your bitcoin or using it as a payment. Given the volatile nature of bitcoin, you might be happy in a way that when the btc prices goes down, the price of your selling or in making purchases would be of higher value than it used to. So, all in all, it certainly is a personal take on it since others might get used to spending btc as a payment method since they have stable investment on it that really makes profit. But for most, I think they would stick to holding it and just spend it whenever it becomes significant higher in value.
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I assume you got 4k worth of USD in bitcoin, and your target to earn 100$ daily which is 2,5% a day, that's insane number of profits to be true. Most of daytrader earn like 6% a month from their capital.
But here is some option to earn money from what you got. Ofcourse number 1 is trading, however, necessitates familiarity with technical analysis and market movements. Also lower your profit target could help your earning, become greedy in crypto market will lead you to bankrupt. And the second one is staking, but you will earn much less and most of the time your assets will be locked for certain period of time if you stake your assets, but you will earn constant profits
Agree with these, you cannot expect those instant high returns in just buying a coin. Also, a guaranteed exact amount of profit in daily basis is too good to be true since I think that most of experienced trader won't have the capacity to consistently hit a target profit every day. So, do not expect that much since crypto trading requires patience to deal with the market movements and given the fact that it is volatile in nature make it riskier. So, if you would do some trading, try to really learn in so that you can maximize your profits or you could just hold your investment and just see where it would take you in the future. |
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I cite this example,
there are 1,000 graduates while there are only 100 vacant jobs. For sure it was impossible to put all of these graduates to work and only 10% of them got a job while 90% are unemployed. Now if every year this will happen and no job increase, then more and more unemployed people. That is why we should not rely on finding a job but have also to find ways and use our skills if possible to create money.
And I certainly agree that entrepreneurship is very important in school and should be improved as this serves as their option after finishing studies (or even not) so they could still find another option while waiting for a job.
It is not everyone that can be entrepreneurs but everyone can handle jobs. This is the reason it is so important to fish out those who are willing to take risk and accept the consequences of the risk they took. These people are thought and nutured from early state in the vasities. Where we always have problems is when the people who have entrepreneurship spirit and not spotted and trained, they will join those who seek for salary jobs and making the majority to be the job seekers and minority to be the job creators. This is where the most imbalance is created in the society. Entrepreneurship in schools can solve this problem. Agree with these since teaching students that being employee and employed is not the only option that they can have in the future. We should let the new generation to take advantage of them to be critical enough to have an option to be entrepreneur someday because if we gave them the proper basic education regarding it, they could have a second though of what to do after studying. I know it is not for everyone to be an entrepreneur but at least in this way we are giving them option to be one since this really could be a great asset for them and for the future of the society that they live in. |
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I also think that it is better to keep my money on crypto rather than Bank, it is not just about security but also the return is far more greater than holding it on bank.
The only thing that concerns me is that how would we explain it when the time comes that we have to exchange our crypto into Fiat and it is illegal in our country?
I am sure that it would be somehow get didected or it would be suspicious.
I think it still better for us to secure our savings in the banks. But, as long as you are willing to take the risk and you can really afford to lose your money then do so. I think the best thing to do if your really want to invest in cryptos is just to allocate a portion of your money in the cryptos and others would be secured in the bank. I think this suits me well for now since I want to invest small portions of my salary while saving another portion on digital banks since here in my country, digital banks are in the rise that offers significantly higher interest rates while offering the easiness of onboarding into it since it is fully digital. All in all, I do not agree that keeping money in crypto is better than in bank since it is the nature of crypto to be volatile making it risky to put your money, but again if you really want returns then you have to risk something. |
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One cannot originates emotions but it's natural and the successful trader are those who have put control on his emotions because its a big enemy which play an important role in a person's failure. One can control his emotions with investment but trading is that technology in which keep emotions in control is very hard but if a person predict that how important is it then he will really do his best to attain good outcomes.
We should always ensure that we do not mix trading wit emotions. Many traders had made this mistakes and they had paid for it in a way they never likes. Trading is not easy so we need to make sure that we do our best not to mix the time today. The problem that many traders do have is that they spend so many time using demo account and that had affected them a lot. If we establish a good trading pattern, things will be very easy for us and we are going to make some good use of our potential. Sometimes it is difficult not to mix emotions with our daily life, not only in trading but in any activity, there are some people who, because they do not control their emotions a lot, give them high blood pressure, so if they do not control the emotions in trading, because it is not something so up to date, but the bad thing is that money is lost here and that is what you should avoid, the fundamentals are the different traps that are made in the markets, that is why we should not fall,for that It's good to read books to learn to figure out when it's a cheat or not. Agree since as a human being, it is not that easy to detach our emotions so it would almost always be part of our daily lives. So, in trading, emotions is always there so what we can do about it is to learn to manage these emotions. Managing emotions is important so that you can make wise decisions regarding trading and other financially related tasks. I think one crucial tasks in these is learning when to stop since if we would be able to fully manage our emotions, we can let ourselves stop when it would be the best option to do so. So, emotion really plays a big role in it so we should at least try to manage it so everything goes well in our trading experience. |
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It's crucial to learn from experienced investors. You may gain insightful market knowledge by joining online groups and following seasoned cryptocurrency investors on social media. You may make better investing selections by gaining knowledge from the experiences, triumphs, and mistakes of others. Also important is actual experience: Although education is key, real-world experience is essential to fully comprehend the intricacies of bitcoin investing. You may gain practical experience in risk management, market analysis, and decision-making by starting with a small investment and monitoring its performance.
I agree since although it would be of great advantage if a proper education would be used, knowledge in this digital era today is easy to acquire if you would just put an effort to do so. There is no doubt that being knowledgeable makes you aware on the benefits of being financially literate, but if we dont make use of these knowledge by applying it on the first hand experiences it would just stay as a thought. So, we should apply what we know and continuously improved what we know so that we can use it and apply it in our financial decisions so that we can be fully financially literate in the future. |
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~snip~
I know, there are some professional traders who will like to add to this topic to help people over there so that there will be progress in constant profits making, your opinion is highly welcome.
I will suggest that those traders to be not become greedy in take a decision in trading since our greediness can make our profit from 50% to -50% in a short time. We need to have a clear mindset to do an analysis of the market. Also choosing the correct asset is crucial too since there are a lot of crypto become scams after a few months or a few years, Bitcoin will be the best option for this. Agree with these since in trading, emotions are at high stake and if we let those emotions to take us, it will result to us being greedy and just really wanting to earn without proper planning. Everything goes into proper planning before you go on trading such as knowing really what you are investing to so that you can study its market and assess how profitable it can be. Also, you should plan how to handle different emotion and situation since these things can be of big factor and effect in the decisions that we do in trading. So, to maintain profitability in trading you should continually seek for better plan and do something to make it work best for you to achieve greater success in trading. |
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There are many online course and learning about Bitcoin can be accessed without need to pay anything because it's free. But most people don't want to learn because they only want to focus to make money and following the upcoming hype to buy a potential shitcoin. If people have spent their times to learn about Bitcoin, crypto influencers will fall day by day.
I think crypto influencers will not fall because there are a lot stupid people out there.
If people will never learn from other people’s losses, then they will never continue to trust crypto influencers and consistently falling in their traps. When in fact crypto influencers do not make money for us but for their own selves, so they won’t care to stop unless they are still benefiting and profiting from us. But if we always bear in mind to educate our own selves before investing, I guess we won’t rely from crypto influencers anymore, that might be the start of their failure. Exactly, if they personally do not want to make their self to believe in these things, they kept on believing in these influencers regardless of how other people experience it. It is sad that some people really put hope on this crypto influencers that they can help you earn more, but in reality they are just using to make them benefit something. Indeed, as long as people are relying on these influencers, their end is inevitable. And the truth is we cant push everyone to think before believing in these because they may have small knowledge about it and might have the ego that they really push that these influencers are right. |
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