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Of course I suggest re-thinking the impact or losses that we will experience if the market drops, sometimes the market drops significantly and as is currently happening that the price has dropped by more than 60% compared to ATH in 2021, if we want to take a loan to invest in bitcoin then i suggest to pay in long term eg 5 years. so that we don't panic when prices drop on a daily basis as is happening now.
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Many people always recommend investing because they hope to make a profit one day, this cannot always happen due to many factors, what many people think above is normal and we as humans who have reason can of course choose which is the best for us. do, in investing of course there are profit and loss opportunities, if we want to have fixed money then keep money under the pillow, but remember there is inflation that can occur and make the value of our money decrease.
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War is a big and serious disaster, a lot of infrastructure such as bridges, roads, public facilities, airports and others are damaged and even destroyed so that when the war ends many countries are in debt to build infrastructure, of course the countries that lose in the war will suffer greatly and it will take tens of years to recover, but there are those who benefit from war, namely countries that produce weapons, foodstuffs and others.
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Eating or consumption is everyone's need and if we have a small income then the best solution is to cut the cost of eating, currently there are many restaurants that provide interesting food menus, but if we buy often it will certainly disrupt our finances, it's better to buy ingredients raw in the market and we have time to cook, there are many advantages if we cook it ourselves, first of course it is healthier because we know the ingredients of the food, and second is it is more economical.
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Of course we can achieve financial independence through crypto currency, it has been proven that cryptocurrencies make new people rich, maybe the most popular is the owner of Binance who is now in the top 100 richest people in the world, but I suggest using the profits from cryptocurrencies for real businesses such as property, plantations or something else so that when cryptocurrencies drop then we can rely on others.
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Of course we have to be optimistic that bitcoin will rise again soon and return to $ 23k, even I'm sure in March it will touch $ 25k, don't believe the many FUDs that are spread on the internet, bitcoin has very large and fanatical community support so the opportunity for it to rise again is very large , better to keep buying and ignore any news that makes you panic.
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There is an important message after a significant drop in bitcoin, namely saving bitcoin in an amount that we can consider lost, of course this is a good strategy so that we should never store large amounts of assets in bitcoin let alone sell vehicles, houses, gold or others to invest in bitcoin , it's better to invest with a nominal value, if we lose, we won't regret it.
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The economy is indeed an effective power to be able to compete, without strong economic power the country will rely on debt and if it fails to pay then state assets can be sold, this has happened in many countries and the latest is Sri Lanka, economic conditions are very chaotic, crime rates rising, unemployment is out of control and many rich people are choosing to leave sri lanka.
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Education is indeed an important thing in many ways, especially welfare, without a good education it will be difficult for someone to improve their life especially now that competition is getting tougher, traditional businesses that used to dominate so much can go bankrupt because they don't have a good education, it's only natural that we have to make education as first priority.
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If we rely on bitcoin in the short term, for example a month or a year it may be difficult to profit, but if we are patient to hold for at least 4 years then we have the opportunity to profit, the trend that occurs every 4 years is the price skyrocketed, this has happened 3 times, namely in 2013, 2017 and 2021, and if we dare to invest in large amounts then 2025 or 2 more years will get big profits.
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Bitcoin has a good chance in the future, the trend of investing in bitcoin which has been popular since 2011 has made many people new millionaires, even I have seen a wallet that has stored bitcoins since 2010 and sold around 100 btc from 2016 to 2022, the owner of the wallet it says that at that time he was selling a car and buying about 2500 btc from 2010 to 2013.
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As investors, of course, we hope that March will be the beginning of an awakening, if the market continues to be red, then we will wait longer and maybe many will be impatient, so they will sell at low prices, sometimes the movement of bitcoin is very wild, and hopefully this March can repeat the increase in last January.
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Just found a restaurant where the individual meal costs only 0,57$! Meal composed by rice, toasted cassava flour and black bean stew with few pieces of pork meats. Feeds one person decently and the taste is good. You can eat the whole month for less than 35$, considering lunch and dinner daily! That is perfect for cutting expenses with food!
Do you know any restaurants which serve cheaper meals than that where you live? It must be a meal, not snacks.
In my country the cost of food is of course very cheap, with $ 0.6 you can eat a portion of rice, vegetables and egg slices, the cost of eating is indeed the most important thing especially for us who work in offices so choosing cheap food is the best strategy to save money, sometimes I bring rice from home then buy vegetables or meat worth $ 0.8 because my portion of food is more than the portion at the restaurant. |
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As human beings we must be sure that all fortune is guaranteed, if we pay attention to birds that never go to school but no birds die of hunger, as long as there is effort then we will not die due to lack of food, there are many things we can do and only lazy people who only always blame it on conditions.
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There is no official report whether bitcoin is useful for my country, but some local exchanges apply taxes from cryptocurrencies transactions, and of course this contributes to the country, of course I hope my country will immediately legalize cryptocurrencies so that it can provide more benefits and reduce unemployment.
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Education is still important no matter what, in school its the first ground to learn things not just for academic but also how to get connected with society in order to have a basic interactions. For me education still important in pursuing goals in life and having a high education has a high chance to end up in your life long awaited career, no matter what industry you are fall in to.
Education is indeed the most important thing for everyone and can improve the economy in the future, it's only natural that we have to invest in education, in my country private schools are very expensive so only rich people can go to quality private schools. |
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If I think again about food consumption then a lot is wasted, I buy vegetables every day and sometimes they don't eat them because they're rotten or not cooked, if I collect daily shopping for consumption then there will be a lot of savings that can be made, besides that I have to buy real food It can be cooked immediately so it's not wasteful.
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If we save money in the bank then we get annual interest at this time of around 10%, of course 10% is not net interest but there are still deductions from fees, taxes and so on and if collected then no more than 5% per year, of course this is the wrong concept if we hoping to get rich from bank savings, let's change to the pattern that is currently trending, namely cryptocurrencies.
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