The world economic challenge is getting worse as the day counts, and I'm still thinking if their were to be no bitcoin how would people cope with all the challenges in this modern world. Bitcoin has really come through for people of this days in different way and in different countries.
In some countries where they have serious unemployment challenges many people have engaged in bitcoin to invest and into other aspects of bitcoin, just imagine if their were no bitcoin how will the common man invest the little he or she has. If there were no bitcoin I know their are investment people can go for but it will be something that the rich and middle class can afford to invest. In bitcoin the rich, poor and middle class can go into it, this is to say bitcoin is for every body.
With the recent challenge in Nigeria where the resigni of their currency has caused scarcity of flow of cash which is really affecting the citizens, I know bitcoin will also make a good contribution in this case because lots of young people in the country are engage to bitcoin.
In different occasions of economic crisis in the world bitcoin has always been there to play a good role. Thanks to bitcoin for it existence in this difficult time of life.
If cryptocurrency doesn't exist I also wonder how I would be earning extra money. I am an employee and at the same time a crypto investor, crypto has been and still helping me financially. It has been my way to earn more and have a little savings, so if it didn't exist I think I would be just an employee like most of the people I know. And maybe I wouldn't meet the people that had help me a lot in my life. |
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LOL, I remember when I was knew in cryptocurrency I used to doubt it.
And as time goes by and I learn more on how things really work I found it funny when people or those who says crypto is a scam in general not just shit coins or HYIP in crypto like cloud mining and Ponzi Schemes, but also those cryptocurrency that proven their worth for a long time and still in the industry.
I think they don't really know much that's way they keep on saying that it's a scam.
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Hello everyone!
Recently I was thinking about BTC payments and I believe that the system is moving towards bitcoin adoption and paying with bitcoin. And it's great!
But the problem for me is that anytime I think about paying with BTC I feel somehow uncomfortable. I always remember the guy who spent 30+ bitcoins on pizza and now these bitcoins are worth a fortune. Like I don't want to be this guy and pay with an asset that WILL go up in price. It feels like you paying more for the product from a future perspective.
What are your thoughts about this? Personally, I usually try to buy with stablecoins if I have some, it just feels more natural for me. I don't want to touch my BTC while the market is still bad.
I think it would depend on what we paid for, because for me if it is something that we really needed at that time and we don't have any other option left then there is nothing to be sad or feel anything from it. I paid with crypto so many times before for my internet connection or mobile data but I didn't regret it because I am using it to learn more and earn in crypto back then. |
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This period do not encourage trading or investment but at the same time when price is down is good opportunity to buy cheap and when its explode you will gain it. Nothing is lost in bitcoin, those holding for long now are the great benefactors but if you buy this period is more safer.
If I have money now, I would buy half of bitcoin because in next three months it will double the current price. This is real because it always occur this way after 5 years remember in 2011 and 2017 from the market charts and caps. And this year will break more even.
Yes the best formula is to buy at cheap price, but the problem is when and how much is the cheap price. But as much as I believe that the price would go high there is no guarantee that it would really happen, just because of the past events we couldn't be sure that the history would repeat itself. |
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Congratulations on your achievement OP.
Having a supportive parents is a huge blessing and I know not everyone had experienced it.
I was also happy and proud on my first Bike it was also from my crypto earning and I know how you feel, enjoy it and you deserve it you earned it from your investment.
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I was scrolling my page on Twitter as usual and I saw this post from a crypto guru, I don't know him but many people do say he knows how the market works. He put up a gamble worth of 2million USD, open to anyone who doesn't believe that Bitcoin will reach 1 million dollars 💰💰💰 in 90days, with the way he has been right with past predictions, this thread is making some noise on Twitter, but honestly, I found this prediction to be impossible, maybe I don't see what makes him believe that this is possible.  *My question for you* Will you dare take such a gamble if you have the money? 🤑🤑🤑 Yup I would take that dare if I have the money for it. It seems like a joke, the current price and even the ATH is so far from hitting a Million Dollar mark. This joke reminds me of McAfee's prediction and vet that he will eat his own d. |
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It would depend on how much Bitcoin would worth after 10 years and of course the cost of living.
If you would also retire then it is better to look for passive income to support you on your bills and all of the things you need.
So we couldn't really say how much Bitcoin or crypto we need for retirement in 10 years because the cost of living and Bitcoin price are constantly changing.
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We cannot compare the two of them since they are both different when it comes to people's perspective.
Fiat is the money that we are using for our expenses while crypto is being used or seen as an asset or investment.
Others do consider crypto as money and use it to pay whatever they want but that doesn't apply to everyone of us.
Even if crypto could be used or accept as a payment method not everyone would use it as a payment option.
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i uploaded an awesome bitcoin profile picture on instagram, 3 days ago, but today a lady contacted me by Dm "hi" - "you know about bitcoin?" - "I am new to bitcoin", "can you guide me to make money from it " she don't want to learn anything just wanted to make money out of bitcoin, her knowledge about bitcoin is very very less, she only knew the name "bitcoin" she was talking like "bitcoin=money" I said i can guide you to learn about bitcoin, i said bitcoin is like digital money, you can buy it at a specific price and sell it at higher price when price will rise , this is how the money made from it . i said this because she only wanted to make money, i don't talked about much stuff. she said "i am following a bitcoin expert" , just a instagram account holder with some trading charts posted , i said ,you have an exchange account she said 'what is meant by exchange", i said exchange where you can buy cryptocurrency, exchanges like binance,kucoin, etc. she said "oh, i am with binance " she does not know anything about binance and basic terms just made an account following her mentor. she is so dumb to scam her. https://ibb.co/Y3cf3TThttps://ibb.co/yNJ0qqmhttps://ibb.co/Y3cf3TTi sometime think why people do this type of dumb mistakes , now i knew there knowledge about technology , they just come to make money and get scammed. ignore my terrible english This isn't new in crypto trading, most of their victims are newbie's and those who have low knowledge about it. To be honest I also received some tempting message below asking for help to withdraw their money on a certain trading site, and when I do some background check on the site and the wallet information that has been sent by those scammer I found out that it is just a way to scam. They showed that on the trading site they have a huge balance and you just need to deposit a certain amount to withdraw it. |
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Folks, my village is too poor and local, no beauty, no good living. Each time I remember them, I shed tears because nothing enticing about us. Our father's need help, our mother's sold leafs and fruits for survival, children are unhealthy, youths are uneducated and jobless, there is no good communication network in my communities, government never cares about us, is been ages of living like the bushmen and massacre. I've being thinking about what to do, am not a politician, I don't access to money and power to change anything. So we came up with an ideas about a year now, me and some old graduates doing nothing. That before we vote any politician into power again, there must be a network communication system in our communities, by God we achieved that last year on our effortlessly ideas. One particular network was initiated. But since we have network, the standard of living is still the same. Though villagers start buying cell phones, android and all. I thought it wise to go and introduce bitcoin trading system to them, we were given the permission by village elders, we pay town cryer to go round the village and beats bell drum and passed the message for everyone to gather at the village square and the turn up was amazing, unexpected crowd because we invited some city friends who into crypto as gurus and villagers love to see people from city how they look like. We commence teaching with practical steps with those who have android phones, interpreting it in our dialect for everyone's understanding. From the pictures you can see mother's, father's, children and youths came there but our target is for the youths to understand digital trading system that requires no formal education and it's was greats. We want the parents to encourage them and support them with the little money them make from farm product sales. I promised the communities to do this with them as many times as we can to enabled everyone learns something outside education. Believe me folks, anybody can touch lives with your gifts, skills and talents. Everybody was following and celebrating as a new light of the village. God is awesome.        I know your intention is good and it is to help them earn, But have you think of the effect? What would happen if their investment or trading didn't work? Instead of gaining they could lose those money that they worked hard just to trade? It is better to let them learn and show them the risk it doesn't always end well in trading, not all of us are meant for it. |
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For me when we say invest only what you could afford to lose, it means your excess money, the money that you don't need or would just use on your own enjoyment or something useless.
I am talking about the money that is left on your account after paying all the necessary thing and bills after settling everything that needs to be settled.
It doesn't really matter if your gaining small profit or not just accumulate all of it and reinvest, it is better that way than to ruin your life by risking it all.
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Well it is true and I think most of us are aware of it, I mean some success came from dark secrets.
But we couldn't say that all of those success have dark secret or stories some might be a result from their hard work and high understanding on how business should be handle.
Not everyone needs those kind of connection in order to succeed.
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We all have different opinion when it comes to having fun.
Some would prefer physical since they could do it with their friends to hang out, some would enjoy playing solo or alone.
For me it also depends on my mood if I want to hang out with my friends and have some casual bets with cards or just play alone in the internet search for fun gambling games that could entertain me.
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My siblings and I often bet on commercial ads on TV when we were young.
It could be more time on playing PS1 or which channel to watch next.
LOL it was the very first form of bet or gambling that I've done and I could remember.
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Hi!
I have heard about Bitcoin back in 2017 but never got to learn regarding about it. I always thought that crypto was a fluke and that it would definitely not be a type of transaction until pandemic happens. So, as the title would suggest, is it too late to start investing on crypto? And if not, what would be the essentials to learn on working on it?
Thanks in advance!
For me it is never too late to start your crypto journey, this isn't a race. You should invest when your ready and know how things work, don't just go in because of FOMO most of the time those investors only ends up losing their investment when the hype ends or the market starts to go down or have a correction. |
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Yup best advice and reminder for everyone of us, and it took me 3 months to start investing on myself, now I am starting new hobbies and planning to stay fit and healthy.
Health is wealth so don't just focus on material things or money, take care of your health as much as you could.
Try to live or work not just to pay bills but also for a brighter future.
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How true is this? Sometimes I found it's arguably, most time not reason being that out of the world populations 60% to 80% of it dominance and occupancies love sports and you know what this mean, 30% out of the 70% love gaming. Now let say something very striking Sports creates ways for gambling Gaming gives raise to gambling This simply means there is no way the world can be divided into two or three equal parts without finding that people gambles regularly and almost everyone is involved one way or the other, from my research on gambling it has been existing right from Origin of man.
Result from wikipedia https://en.wikipedia.org/wiki/Gambling#HistoryEveryone Gambles, it's just that some don't consider it as gambling when they are taking a risk in order to achieve what they want, but it is already a form of gambling no one in this world could say that they never gamble in their life, because it is part of us, we risk something in order to get what we want. |
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Nope Bitcoin could only help but it couldn't end poverty in a nation.
Not eveyone could earn from crypto and it is the reality,
If they could invest a small amount do you expect them to make a big profit? that doesn't work that way and many things could affect their investment since we are talking about poor?
They don't have enough money and struggling to survive so if any unexpected things happen they would need those investment no matter what peice it is (Gain or Loss) they would sell it.
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It is great to see some who would share those kind of achievement's.
Most of the time only those who have such great success in crypto are being talked.
Big gains or wins, we should also be thankful to this kind of gains from crypto, even the small things that we bought from our profit we should be proud on it.
Most of the time when people heard or know that you had been in crypto for a long period of time they would think that you already had so much profit or money from it, but in reality some of us doesn't have those kind of successful stories.
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Just keep in mind that crypto could always drop down and fly high, as a crypto investor you shoul be prepared for those rollercoaster rides.
And I agree with OP long term investment should be done by the money that you don't need in the near future or your extra money.
People tends to be greedy on crypto that they would invest or risk more than they could afford, that is why when things got a bit shaken they are too scared of it and jump off making them lose instead of gaining profit from their investment.
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