If you are in twenties or early thirties and remain single, earn $3,000 after tax per month, you will probably save $1,000 if you, let's say, spend $500 to $800 on rental, a guest bedroom in a shared house/apartment, $500 on food, $50 on utilities, $150 on phone/internet bills, $400 on commuting costs or gas/maintainance if you have a used car, $200 on occasional entertainment or others. This $1,000 savings will allow you to invest or place a house down payment when time is ripe. Is this possible based on where you live ?
Well, personally it's impossible for me to save one per third out of my salary. Since in my place most people didn't have that much salary and the cost of our goods is somewhat high then it's hard to save one per third. But every month I tried to save one per five or one per six as long as there were no emergency needs. It's really important to keep saving our money for emergencies and for investment since investment can give us passive income then we must struggle to get that. |
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There is a new practice among crypto exchanges to charge its users if they are inactive on the exchange. Some f the examples are
1) Zebpay: It is an Indian exchange that charges some fees from users if they have not done any trade in any month. It is still having this rule on the platform.
2)Bitstamp: Another exchange which added this rule was Bitstamp. It planned to charge 10 euros ($10.27) per month for inactive accounts.
Personally, I am against these charges and it affects the rate of crypto adoption. It discourages people from starting to use crypto. What is your opinion about this practice ?
Absolutely against that, fortunately, both of them cancel the new rules due to the community. If an exchange charge that much every month then that exchange will lose their member and wish to delete their account. Charging that amount not making our funds safe either and people will think that crypto will be the same as a bank that charge our money every month. glad that the community stands against that new rule. |
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I recently made some money through Amazon Kindle Direct Publishing, and I'm considering using it to purchase some Bitcoin. Only a tiny sum, roughly $800, is involved. What do you suggest doing right now? Purchase some Bitcoin or another cryptocurrency with a promising future.
What replacement coins would you recommend?
Bitcoin will be better, go for the long term I suggest and keep earning from what you already did, after that you can always DCA to Bitcoin and leave it until the next bull run probably we can expect that around next year. Don't waste your money on shitcoin or whatever it is. If you insist on investing in altcoins just look for top altcoins and do some research before that. |
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Currently, it is very difficult to choose and sort out coins that have ideal criteria from my personal point of view. Maybe because careful research is needed and a review of the people behind the coin project. My wish for an ideal coin is to have strong backups, a solid and focused team as the initial roadmap, then to be able to provide real products to investors so that they have a continuous level of trust.
Right now it's difficult to choose a good project even though there are a lot of them but we don't know if they gonna end up rugs or not. Since many people are aware of next year's recession and inflation they don't want to risk their money in this crypto investment anymore. We can't expect that a project that have a good team good product will be survive in the next 5 years but it's always better to choose a project with real effort rather than a scam project. |
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I am doing trading since more than Four years and earning good but i want more capital for big trade setups, so any pro trader please suggest me that how can i raise fund for my trading.
I know nothing about fundraising so please guide me through this process for my better future.
Thanks.
Trading for four good years and you are earning. Why are you now looking for how to raise more capital for your trade again? Been into a game of trading for many years I believe you could have get some saving by now,but if no then start having saves from now, through your trade earning so you can gradually continue to they increase trading capital or find a job,so you can get money there. I don't think there's any other easy way to raise capital. and I will never advise you to get loan or borrow money from anyone because crypto rule never suggested that. Since the OP didn't tell us how much he won in these four years and just said he was "earning good" which means that earning is only able to cover his expenses. He should save some money from his winning pocket but he didn't do that and looking to get a fresh fund and a big fund to start again. The only thing he can get funds for his trading is from working or he can try future trading which having a bigger risk. |
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Cryptocurrency is currently collapsing. And the total crypto market cap is now less than $1 trillion.
The market is red, and every cryptocurrency is crashing. Is it better to wait for a further drop in Bitcoin and Ethereum, or would DCA be better?
What will happen next?
How long do you think the market will take to recover?
Maybe waiting for further declines is the right choice when we are in a bear market like now and we do not rule out the possibility that the market will continue to fall due to the panic and fear that the market experiences during the bearish season, waiting for the market to recover I think we need a little longer and maybe we will see that happen when the next bitcoin halving occurs because at the time of the bitcoin halving usually the market will experience a significant price increase and will make all the coins on the market experience a higher price increase. The market is in a bear situation which means we don't know the bottom of the current situation, DCA will be better if we are uncertain when the bottom is but don't ever DCA without any research. For example, there are a lot of hacked platforms lately and in some cases that make few projects in a dire situation, if there's still a lot of FUD out there use a little money to DCA, and when the situation got better use more money to DCA. |
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Money attracts people and wealth to your life. The true character of a being is known when he or she has money not when he or she doesn't. Money brings out the best in human beings. It makes people's dreams and aspirations come more alive. The driving force in life is to be successful, what makes you think that you are successful in life is when you have money. In other words, money is the motivating factor of every human being
for me - if I dont have money in my account I feel down and ill. I only feels happy for when my account flourishes. when it is empty - my head spins. . . So money is the motivating factor without money life is incomplete. Money is a happy indication, at this time we must pay all the things with money, when there are people who die and he is a poor person so many people do not care, but when the dead are rich people, many people come, money is indeed a problem and which can complete the problem. It's true that wealth will affect our social status but without hard work we can't get our wealth except its inheritance from our parents, doing hard work will make our mind stressed because there are a lot of things that we think if we can endure that stress then wealth is not impossible to achieve. Well, it depends on what you sacrifice to achieve your wealth whether it's your time, your happiness, etc. |
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Many are optimistic that the crypto project that will be successful after the NFT is Metaverse, unfortunately the market is currently red and makes many metaverse projects that look very slow or even fail, we are waiting when the market rising whether metaverse can prove to be a driver of market conditions to skyrocket again.
The hype for the metaverse projects died really quickly, and it is easy to see what happened, when we have a company like Facebook trying to their best to create their own metaverse and their results are so poor, then it is very difficult for the developers of other metaverse projects to make claims that they are going to succeed where Facebook has failed despite investing billions of dollars on this, and when we take into account everything that has happened during this year then I guess that not only the hype for those projects has subsided but it is never coming back either. Well, the hyped really died for Metaverse but that doesn't mean people stop developing their own Metaverse projects, Facebook spent a lot of money on Metaverse and it failed, because Facebook failed the hyped is gone and many projects didn't continue. but some company still trying to develop their Metaverse to get some efficiency, for example conducting a meeting through Metaverse. |
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Well, we all know Tether has issues and many people say that USDC is much safer than USDT which is not true according to this research. Although this tweet is few months old but it is a moment of concern. All of these coins USDT, and USDC and even BUSD are not safe. The Algorithmic stable coins like Dai can also lose their peg against the dollar in a crisis situation. In this situation, what can be the best way to store our stable coins  ~snip~ Well they say it is much safer because someone said it to change from USDT to USDC on Twitter, I read that Twitter message from Coinbase account tho although they only change it because it's zero fees not much safer. There's always a risk in this crypto industry and everyone has their own way to store their coins, just find what the best for you if you want to store it in stablecoins it's better that have good transparency or if want to store it in top coins then Bitcoin always be the choice. |
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Solana seems to be a stable coin in its current state. Solana has been the most dumping due to market dumping. These Solana coins are among people's imaginations. Many are currently considering this Solana coin as a meme coin. Many have also talked about whether Solana will be able to regain their next market.
Solana was once very popular, now Solana prices are in the middle of dumping due to the deterioration of market conditions. However, everyone is still hoping that if market conditions improve in 2023, Solana prices will increase again. Before Solana surpasses Ethereum, it should surpass other projects like Polygon, and BNB. Even if market conditions improve Solana still can't win, it should keep developing or upgrading their product so many people will use it like BSC which is already popular right now because it's easy, fast and BNB has small fees. |
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Does anyone here day trade crypto successfully whilst working a full time job?
~snip~
Those of you with normal jobs, are you day trading or mainly long term crypto investors/ HODLers?!!
I can't focus on my trading while I have a job since my job is already taking a lot of my personal time, so right now I'm just investing in top altcoins and holding for a long term since the market price is really good to buy. If I work in an office and I have a lot of time to turn on my laptop then I can think about becoming day trading but unfortunately, that chance never happens to me. |
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I sit-down to wonder why traders who are consistent in trading and also investing still remain very broke despite the effort they put to erradicating poverty,but it still seems like there is some sort of unforseen and spiritual forces controlling the physical.Or should it be foundational curse from the forefathers affecting the present circumstances?or is it that the poverty is inherited? Or is it a gene or chromosome?.These are questions that that I tend to ask.
Traders or investors who consistently do what they do is not guaranteed that they will become successful in a short time, they should keep consistent for long time and nothing know when they will become successful. It depends on effort and how much they learn. Never trade or invest with money that we borrow from people with its interest since it can make us more broke than before. It's not something like a gene from somebody but it's just how they handle trading and investing with their knowledge and their attitude. |
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