I heard people keep saying don't sell when the price rise a little, or when it starts dropping! I don't get, why are you holding it for long? As long as am concerns is just a matter what you want, long term or short term. Bitcoin is not your Goldsmith or some banks you build at home that you can control anytime you like.
To me bitcoin is there to gives you money when you're satisfied to take the money or take your if can't wait when is dropping. I can't hold for too long is personal or I will never take investment in a short is till personal.
Whether you hold or not what will happen in bitcoin will still happens, is good to hold but too long hell no, because am not the future, future is expectations real life is in the present.
My questions is people keeping bitcoin for too long and begins to hear story?
What's the secret that's different from taking profit?
Is that long term bitcoin don't experience losses?
Those words are for those who wants to maximize their profit. It is true that no matter what you do sell it or hold it the market would still move as it please, But those who sell early tends to regret it when the price keeps on increasing. And for long term Bitcoin Holder we couldn't tell if they also experienced losses since they are holding it we could only consider it loss when they cut it, even if your down right now if you're still holding it there is still a chance that it could turn around when the price starts to fly. |
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If $300 worth of bitcoin is given to someone who doesn't have a job and have been looking for opportunity to invest in bitcoin. Will it be possible for the person to focus on this investment without selling at the moment because of the present financial situation. I'm asking this question because of people who wish to gift bitcoin to people who are going through difficult financial challenge, is there any need to give bitcoin as gift to people who need money to settle urgent financial problems.
Or bitcoin should only be given to those who can truly invest and yield profits. Can you gift bitcoin to random people who may not make profit from it.
To be honest when you mention that the person who would receive it are jobless how do you think that they could focus on investment when they are already struggling to survive? Only those who have enough could focus on investment but if you don't have a job or source of income even if you have an investment on crypto it would just be spent up little by little because of your basic needs. |
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There is nothing more painful than losing someone that supports you through and through.
Not long ago, I lose my father (74 years old), it's been 3 weeks now, he was the reason why I was able to confidently continue my crypto journey with no hurry, he has never for once told me that I am wasting my time, I remember one morning in 2018, he called me and told me about a podcast he listened to on the radio, he said they talked about Bitcoin on the radio and this makes it very important.
He said, do not give up, who knows? This could be the next big thing in the future. And his favorite quote is " this Life doesn't wait for anyone, things evolves very fast" ... I am able to be who I am today because of my father, while many people have a different story about their spouse when it comes to Cryptocurrency and Bitcoin, mine was different and very supportive.
The only regret I have is, not being able to take good care of my Bitcoin Father, I feel like I never did enough for him at all, he will forever be missed.
If you have families that support you on your journey, even when they don't entirely understand, consider yourself lucky and take good care of them before it's too late.
And for those who don't have any supporters, do not blame them, older people find Bitcoin very confusing.
My condolences, I somehow can relate to your story, my father was also the reason why I could and I had my crypto journey, he supports me back then didn't pressure me to seek for a regular job back when I was starting in crypto and believes that I wasn't wasting my time on it. I remember him buying me my first laptop so that I could focus on crypto and didn't need to rent or go to any internet cafe. |
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I'm still not sure if someday i wake up, all my funds could have all gone..
It seems to me that you are naturally insecure. In my case I don't feel insecure with what I have in bitcoin because from what I understand the probability of it being stolen from my HW is so small that it's practically impossible, and I haven't sold my house to buy bitcoin and keep it in the HW either. I mean, if my bitcoin were stolen I would be fucked but I would not starve to death. I don't know if in your case you sold everything to put it in bitcoin and that's why you are so worried. I agree with this, I don't feel uneasy because I trust the wallet that I am using and I don't invest or risk more than what I could afford. Try to use Hardware wallets if you feel unsafe to the current wallet that you are using. For me it is much safer to keep my money on crypto rather than bank, I think there are more incidents of hacking some bank accounts rather than crypto, of course those who aren't aware or doesn't know how to keep their wallets safe are prone to hacking. |
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I think my life would changed a lot if crypto was introduced to me back when I was a student.
I could have spend my time on crypto and earn instead of just playing around in computer on my free time and spending my money on games.
I know some students who earn a lot and changed their life through the help of crypto.
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an event that everyone experiences when they first buy bitcoin. the main thing is that we must be able to maintain mental stability to deal with price fluctuations, when you have already invested, my advice is to learn more about bitcoin, so you know what you should do to make a profit. for me you are right to choose bitcoin, not a new altcoin, so there is no need to worry about the money invested, as long as you can be patient
Well congratulation on your first investment, I hope that it would be worth it for you OP. And it is true what Xampeuu have mention you should be prepared for all of the things that could happen in crypto. You already experienced the downfall of the market so just hold on and wait for the Bull to run and enjoy the profit. |
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We all want a good relationship with our spouses or soulmates too . So what are the risks we should take 1 _when a marriage is about falling ,think about the kids and how divorce will make things wrong and difficult for them I have grown up as a young girl and has never leaved with both parents till last year when I started living with my dad ,don't you think I might have gone through alot ?? Without both parents by my side , If you wanna give your kids the best in life you have to endure certain attitude Ms from both ur wife/husband ,when a home is seperated only one parent can't be able to take care of all the kids even if there is supplus money and second wife or husband ,when a single mother is set to take care of all the kids because she cought her husband cheating or what have you , she leaves ,she can't be fanacially stable to take care of all ,what if na 25 kids what's gonna happen?? The kids will start sleeping outside to care for them own selves ,how can a mother of 25 take such abilities all to her self  More to talk about ,let's talk There are times that it is better to be separated than to continue on holding on to it, for example those who constantly fight in front of their kids, I am not just talking about physical but also verbal. It is draining both physical and mental for both of you then you should learn to take some rest and think if it would still be worth it to continue or is it better to just stop it. And for those who choose to be single parents you should also know how to communicate with your ex for your kids sake. |
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The global economy is facing a crisis of inflation and other internal financial crisis, such as what we are witnessing right now with recent bad occurrences around the world in Turkey and Syria a lot of people have been mad homeless and government infrastructures such as banks have been destroyed as a result of the earthquake and other natural and man made disasters that has happened in various regions.
This situation has forced many into financial hardship and the unavailability of financial institutions and services, in fact in some countries a lot of financial crisis is currently being experienced.
With most depositors no longer have access to their money through to the high centralization of the financial institutions leaving all the power over their finances in the hand of the central banks.
This crisis has forced many to start looking for an alternative way to save the money, and bitcoin is the best store of value at this point, with Bitcoin, you have total control over your finances and Bitcoin help to reduce the bank to becoming just a Junction or bus stops were our money can just pass through to carry out a transaction or exchange aside from that.
Bitcoin is the best alternative way to save money, with Bitcoin you have control over your savings because it's your wallet and your key and you are your banks!
Best alternative to keep your money I don't consider it as savings for me it is an investment. And yes it is much better than leaving your money on Bank at least in crypto you have so many options on how to cash out your money. |
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Came across this video in which a person questions whether they prefer to take 100$ or Bitcoin. The kids never took time, all of the sudden chosen 100$. I'm not specific about the location this had taken place, but it looks like they're are Western people. This makes me think, awareness is not upto the mark and in all means we need to educate people. Even the Western young generation unaware of it is really unbelievable. 100$ or BitcoinEven though that it is scripted and most see it as stupid or dumb video, it is still frustrating and funny to watch. But for real this video made me realize that most of us would really pick the choice that we think that is much better than the other one and in real life most of us are foolish enough to do it not knowing the worth of the other options that we have. We tend to settle for what we think that is good for us not knowing that there are better options out there. |
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Because I'm sure men with disabilities tend to find sexual satisfaction easily. The question is has society ever been fair to women with disabilities sexually?
How can you say "men with disabilities tend to find sexual satisfaction easily?" It's easier for women IMO, both with or without disabilities. The difference is that men are less bitching about their hardships. Men have to get hard and pump, that's difficult for people in a wheelchair. There are women (with disabilities) who are happy with their sexual life and those who aren't. Life isn't fair, and you'll get nowhere complaining about fairness and society. Those who aren't "lucky" should reflect on what's wrong before complaining about society. I also agree with this men have it harder when it comes to sexual activities. I read this on social media "Women F*ck who they want, men f*ck who they can" and for me it is true. Most of the time woman could flirt or do what they want but for men they could only do it on who wants them. |
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Most of us are born in a normal family. By normal, I mean we are nurtured and raised by healthy parents and they are still active when we graduate from college and start working. In many countries where economy has been hit by the COVID and affliated incidents, life has been harder than before and many have to choose to live with or at least ask help from their parents. From parents pespective, I believe as long as they are able to help, most likely they will be willing to help, because they love you. From children's perspective, I think this may solve some realistic problems in the short term, but in the long run, this will damage the creativity and motivation to face life challenges and harm the ability to manage finances, especially if you are a man. I say this because a lot of the friends from my generation are struggling financially now because they have been dependent on their parents and even after getting married and establishing a new family, they took a regular amount of money from their parents to pay off mortgages or cover other expenses. They've never thought about having another stream of income or one day their parents may not be making money and instead need money and care from them. A lof of hidden problems are there but just ignored. In my opinion, the earlier you become independent financially, the more likely you will be living a comfortable life with your finances. Better to know this and be prepared, if you are young.
I think it depends on the family most of the families here in the Philippines is exactly the opposite of what you mention. It is the parents who depends on their children they raise them as a retirement fund their son or daughter would work and most of the time they are obliged to support their parents. I am not saying that this is done by all but I am sure most people in the Philippines experience it. It isn't bad thing if their kids are willing to help but the problem is some of them are forced because of some parents who would compute how much they've spend raising their kids and all of their sacrifice. |
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I was actually wondering if there are any restrictions on age as to investing in Bitcoin?
I read threads where people have constantly introduced Bitcoin to their underaged children (10years below) and I really don't think it's necessary because I feel those kids still have some mental growth to do and since Bitcoin is a very volatile digital asset, I think children shouldn't be made to go through such stress.
Same thing also applies to the elderly as I've also read news of people trying to get some retirees investing their pensions into crypto rather than advising them to relax and enjoy their pension and I really wanted to know if it's wise to get kids and elderly into the crypto industry.
Nope there is no age limit on crypto everyone is free to use it and due to it's anonymity we couldn't know about the people who are involved in it. I know some people in crypto who has been around since their early teens year and now they have been successful. It would all depends on how they handle it we all know that not everyone is made or build for investment. For me age doesn't define them it is how they handle their investment it doesn't matter if their kids or elderly if they could handle it well then why should we complain and it is all their money. |
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Is Bitcoin a perfect birthday present for a 25 years old college student? I want to surprise a friend, he is facing a lot of challenges due to his studies and he likes Bitcoin but can't afford investing money because of his studies since he is sponsoring himself, we've been together since 2011 and his birthday is on 27th of this month, do you think 0.03BTC is a cool present 🎁 for a birthday.
Would you love to accept Bitcoin as a Birthday Gift?
It depends on the person who would receive it, there are some people who would like to receive money on their Birthdays some would prefer a real present like how it was before. But you already mention that your friend is into crypto but doesn't have enough money to invest just on that note you should already know the answer to your question. Base on your words I think it wouldn't just be money for him it is something that could start up his crypto journey and somehow change shis life. |
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"Are people really having the wrong concept of savings?" This topic and question was triggered earlier this morning after writing on two separate threads where it seems people are already misunderstanding the concept of saving
saving according to Google search from Banco Central de la República Argentina |
"Saving is the portion of income not spent on current expenditures. In other words, it is the money set aside for future use and not spent immediately."
The word "use"(spend) is the key word of concentration because it seems people talk so much of savings as if one isn't supposed to use their saving even until death and I began to wonder what the purpose of saving really is.
We ought save money so money will save us and some also say that we out to save for raining days and we should know that out raining days might differ and one should be free to use their savings and not feel they're doing something wrong when using their hard earned savings.
What's your concept of savings?
For me when I am saving up money I already set up my goal for it on how much I would save, how long and where I would spend it. There are times that the timeframe would changed due to unforseen events but that doesn't mean that I should quit. For me when I hear that word it means that the person saving wants something that they currently can't buy so they need to save for it. But there are also different kind of savings those who would save up for future expenses like medical bills but for me I call it emergency funds not savings. |
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Yes it is a waste of money specially if you could have your own in any means like what OP has talked about (House Loan).
But for us who doesn't have enough money I see it as something like food and water it is necessary needs of us humans to have a safe place to stay.
To be honest I agree with OP if you already have a partner that has been living with you and helping you with everything you should consider settling down and buying your own house even if it ia through a loan, Just think about it if you would take a loan for a house you would pay for it monthly or every salary that you would get just like renting a house but at the end of it that house would be yours.
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If Bitcoin crash down today it wouldn't really affect me much since I only invest what I could, I didn't put up too much to it and I didn't depend too much on it.
It would only affect my side hustle but it wouldn't affect my main source of income.
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It was my plan to invest for my child's future and I have been in crypto for so many years, and for me it is really a great idea instead of just saving money why not invest it on crypto for their future.
The only downside that I see on it is that we are uncertain about how it would be in the future. We know that it could survive in the long run but we are uncertain if it would still be legal since other are connecting it to some illegal activities.
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Avoid ending up like a friend, who used all the money he has to invest in bitcoin and also took a loan, promising the lender that he will pay back when he gets paid in a month, after a month he never received the salary, I warned him doing this, because he has no doubt mixed investment with 'whatever it takes', is it safe to call this greed? I don't know.
Now he wants me to lend him some money to at least pay the loaner back and later settle me, there is more, now I have to send him some money to buy some food.
You don't have to use all your money to invest, even if you are not married yet or have other responsibilities, the best approach when planning to invest in Bitcoin is to buy with some percentage of the money you earning, maybe through business or a job.
If you do this weekly or monthly you won't feel any pressure, always remember that health is wealth.
This is like an addiction your friend destroyed his life with his greed or obsession. And you supporting him could be considered like you are tolerating his addiction. I know that you just want to help your friend on his darkest time but you should also know how to limit on how you help him. This is a great example for all of those who want to invest in crypto to invest only what you could afford. |
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Bitcoin indeed save so many people from starving it became a source of income for most of us, specially when pandemic strikes.
Most people lost their jobs and earn through crypto.
And I could say that I am part of those who survived because of crypto.
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Bitcoin has brought so much more meaning into my life. Years ago when I thought the system had me and I wasn't making any money I fell upon bitcoin. At first, I was there for just the monetary gain but then I after I realized that bitcoin gives you your time back I discovered ways to hustle harder and stack my time with btc. Long story short I am able to work remotley and live anywhere and be happy with what I have because I know without bitcoin I would never have this life. Thank you satoshi  Cryptocurrency has changed so many lives, and I am proud to say that I am one of those who experienced it. It help me a lot before, I've earned an amount that I have never even dream of holding. But there are some things that could make you fall down and I am trying to get back to the life that crypto has given me before. |
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