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681  Economy / Economics / Re: War: who benefits and how! on: April 17, 2023, 09:53:13 PM
Talking about benefits, I would say war never brings benefits.
War always brings destruction to both sides. And if I say who benefited from this war then I would say Russia. moreover, in all other fields, all the countries of the world are facing economic crisis. I think this situation is due to the introduction of various restrictions on oil and gas.
When there happens war, each and everyone in the world suffers some sort of economic difficulty. This happens as a result of country's having dependency over each other for some needs. Apart all this the big profit makers or the benefiting one's during the war were the war equipment selling countries. When war takes place big business takes place.
Humanely, war will only make everyone miserable, especially the people. but behind the war, of course, there is a separate mission from the rulers who certainly want their goals to be achieved with sacrifices that have been calculated beforehand, so that if their goals are achieved, then they will benefit, and of course they also make cooperation with other countries to supply weapons and other equipment, for example .

Agreed, in addition, the people who experience the war especially civilians would really suffer some psychological trauma that I think would greatly affect the mental health of these people. Also, we cannot deny that when a country becomes the war zone area, the existing buildings and landscape will be damage that would just only constitute to costs when the war is over. Therefore, it is indeed that no one would have benefits from these wars.
682  Economy / Trading Discussion / Re: Is it best to have a personal trading strategy? on: April 17, 2023, 09:38:14 PM
I have always said something, the more you read, the more knowledge there is, many trader or investors give their point of view based on their experiences and all of that is very good, so this information, more than anything that is embodied in books, is the one that teaches the most For me, that is the best method to acquire knowledge, and if you have that knowledge, it is very easy to devise our own strategies, but if after we do them we look at others that are very different, it can distort our analysis, and we are no longer going to have a plan but a mixture, and you will not know what to obey, it is always good to have and see other analyzes but I think personal analysis is the best.

And we can't blame others to have different opinions about trading because of their bad experience as well and then say, trading is not profitable.
On the other side, it was also important to read books as there are a lot of things that we need to know more about that can never be found in experience alone. And from those things that we read and together with our experience we can derive our strategies which I believe were more effective than the usual strategy that has been used by most traders. I'd say why? It is because that strategy connects to our mind, there is an exact communication that can't be found in others.

We all have personal goals in trading so having a personal strategy would be a great help to achieve those. It is indeed that knowledge is power since this would be you foundation to create your own strategy. Also, along with this, the experiences on that you got on trading either win or loss would impact and help you develop your strategy. If we really want something, I think it takes for us to be disciplined to really understand the market as well as how the economy is doing in present time since being adaptive to every changes in the economy is vital so that you could be more successful in trading.
683  Economy / Economics / Re: Al Transforming Job Market on: April 17, 2023, 08:04:46 AM
The world is already embracing technology in all spheres, including health, agriculture, finance, transportation, and many others. Now, when it comes to AI and automation, most machine designs only require operators to send commands and the task will be completed and most importantly, it reduces the costs of employing people but even at that where do we expect these individuals to feed so it has its own disadvantage, many will be losing their jobs. the best thing for young people now is to go into tech. and since it's good but the impact is severe on the people.
I'd say it will just be an easier way for workers and employees to accomplish the job and not a total replacement on their end. Decision making, empathy, and other skills which requires thinking are functions a human have while AI don't. They do have the information but things won't work that easily for these projects to function alone. The goal of technological advancements is simple to ease our way of living and AI projects are simply part of technological revolution. What is happening right now might be overseeing what will happen wherein in the first place, economies won't allow people to stop working simply because economies won't run without people's money and taxes. There'll be just changes more likely.

I agree since the way I see AI and automation is that it only would make the process be much easy to do rather than replace the people who supposed to be doing. Based on how I see the recent advancement on these, we cannot deny that some industries would rather choose this automated process since this would make the cost less. But, as of now, I cannot see it to fully replace workers since these technologies have not been proven to be effective in the long run. It will be a long way to go to be fully adapted by majority. Human workers are still much ahead than AI since we have the capacity to think and acquire skills that is very useful in the business processes.
684  Economy / Economics / Re: Age as a factor depreciating some people of their dreams on: April 16, 2023, 10:48:12 PM
Age is just a number and it will never define your future’s journey. There are those who came successful at their late age while some have lost their opportunities to succeed when old age comes. So this is a clear manifestation that everything still relies on the individual itself. If he has still the will power and determination to succeed, he will  set a goal for it and never stops until he succeed. But for those who have lost their hope and confidence, it will be too hard for them to succeed simply because they let their emotions rule over their mind. Not unless one is unhealthy and incapable, then success will never be achievable.

I think as we grow old we always have that shift of dreams that we sometime let our past dreams to be just dreams because the dream at present is much more needed and it is something that would make us be satisfied at the present. Age would always be a factor in our dreams since we can have different dreams at different parts of our life. There is no rule regarding dreams in relation to age so as long as we are capable to achieve those dreams, let's continue to achieve it. Just be adaptable to the change of time so that we get the satisfaction and peace of mind from achieving our dreams at the present.
685  Economy / Trading Discussion / Re: Is Technical analysis a must know in crypto trading? on: April 16, 2023, 10:24:14 PM
Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

Everything can be learned as long as it is always accompanied by perseverance, dedication, determination, and above all, passion. Because when you have all this, it is not unlikely that you will easily understand the so-called technical analysis when you are doing actual trading here in cryptocurrency.

Because the knowledge of understanding technical analysis or whether it is fundamental, it is an advantage to an individual trader when you know how to read charts and analyze graphs,

The thing with technical analysis is that you should really put an effort to learn and understand it. It is not that necessary in trading but it would be advantage for you to have these technical aspect of trading to be fully and deeply understand so you can make your trading be less risky. Being a trader really needs to make an effort whether understanding this analyses and making your own strategy because in the end its all up to you how you would read the market so that you can make much of the current situation of the economy to gain profit from trading.
686  Bitcoin / Bitcoin Discussion / Re: Bitcoin has a bad reputation (we should fix it) on: April 16, 2023, 10:03:53 PM
Hello everyone!
I think it would be good if we can convince these people that they are wrong. I know that an obvious way to do it would be an education, which will help A LOT. But as for now, do you think there are other ways to change these people's opinions?
Like would it be good if we could create a system that somehow will make the life of criminals who use Bitcoin harder?

The issue with Bitcoin is that it's been associated with altcoins and they're the ones scamming yet Bitcoin is getting the bad reputation. All the failed altcoins that crashed due to greed are affecting the general market.

It'll be very hard to distinguish Bitcoin from others as people will always call them cryptocurency when referring to the market. We have to do our best in letting whoever we see making this false accusations about Bitcoin to understand the truth.

Every currency can be misused and right now the advantages of Bitcoin is been misused by mostly the scammers and that's the reason behind the bad reputation. We have to always let critic understand what Bitcoin really is all about whenever we encounter them.

Agreed since I have heard other peoples opinion and it all involves that they think it is just an investment scam. But, if you ask them, it is not the bitcoin really is the reason why they see it that way. Most are really the altcoins that dump really so hard that they know someone who lost their investment because of this. This is kind of hard to clean the image of bitcoin as an independent coin since it would always be associated with altcoins that has poor performance in the market.

We shouldn't go out of our way to change perception of BTC frankly speaking op. Many people will always hate on BTC and other cryptocurrencies since they aren't smart enough to understand the advantages related to them.

However, as time passes, more and more people are beginning to realise how revolutionary BTC truly is due to various reasons and shift from haters to supporters just like that.

BTC's reputation is a mixed bag which will always stay that way op.

The thing that we can do is to continue share the good words about bitcoin specifically so that a lot would really see the potential of it independent with other altcoins. I agree that it is still a challenge and that education with these new innovations would make it be acceptable by more people in the future.
687  Economy / Economics / Re: Why is money ruling the world? on: April 16, 2023, 09:48:34 PM
Money is something that can make anyone interested, from the poor or the rich, everyone likes money, it's only natural that money can control all matters, even when we are convicted, the thing we can do is do everything with that money so that the verdict is overturned .

This is the sad reality of todays time where money is important to live and make everything go in our way. Also, it is really hard for poor people to generate money today, with the increasing inflation and low minimum wages, it makes it more hard. Although other things is more important than money, for instance our health, money would still be ruling in the end. To have a really healthy lifestyle today requires costly budget just to attain it. Therefore, I really thing money is and will continue to rule the world.
688  Economy / Gambling discussion / Re: About football betting on: April 16, 2023, 09:27:26 PM
Correct me if I am wrong

I am not a football fan and any form of prediction is still a gamble to me, but I have gamble on few different online casinos and I believe that gamblers on casinos gambles with the casino games, meaning it's between the gambler and the casino, but with football it is different, your bet is on the performance of a soccer team and the gambling platform will only win your money if your football team loses, right?

This makes it more cleaner to me, there will be no tampering of the system or fine tunning their games to make gamblers loses more than they win.

Can anyone confirm if this is right? Or wrong.

I think sports betting and casino gambling is different in the sense that sports betting may require you to understand the game itself, know the histories of matches, and grasping the idea of odds and knowing how to read them. It is different with casino since it involves only a game of chance. Although, you can put some effort to strategize there, it all go back to its main type which is still a game of chance that makes it really unpredictable. Both of this are of high risk and we should always be cautiously making our decisions in these and only bet the amount you can afford to lose.
689  Economy / Trading Discussion / Re: Is trading good for beginners? on: April 15, 2023, 09:54:20 PM
Everything has pros and cons. If newbies are interested in trading then that is very good news but apart from being interested in trading they need to be interested in learning about trading. Because if he does not have enough knowledge about trading then he may face a lot of losses when trading later. So must first gain enough understanding about trading then newbies can move ahead for trading if they want.

As a beginner in trading, in terms of cryptocurrency, you should be able to have the strong foundation regarding having strong understanding about it so that you know what you are getting into. With todays advancement of technology, you can really make use of the internet to learn these stuffs. Along with these, you should also understand the market conditions so that you can see how the market moves and tell the market trends regarding crypto trading.

...
However, some beginners or new traders may have unrealistic expectations or lack an understanding of the risks involved in trading. This can lead to bad decisions and potentially large losses. Therefore, it is important for beginners to start with a small amount and pay close attention to risk management.
...

Indeed, we should be lowering our expectations at first because it is really clear how risky trading is. You should not be affected with losses since there is no guarantee of profit every time. Yes you can start with small amount but you can also start with demo accounts since more trading sites offers this so that you can practice trading without risking your own money. And if afterwards you are confident enough, you can proceed with trading your own money so that you can test what you have learned so far.

690  Bitcoin / Bitcoin Discussion / Re: IF ONLY EVERYONE CAN EASILY ACCEPT CRYPTO on: April 15, 2023, 09:25:38 PM
They will not accept it because they don't know about it.
They will not accept it because people aren't have the initiative to learn it.
They will not accept it because they find it very complicating for them.
They will not accept it because they're lazy enough not to learn it.

That's the problem right now. They don't want to learn it for various reasons. Most of the people right now prefer bank transfer other than transferring thru crypto because it's either they don't know crypto itself, or they find bank transfer more comfortable for them.

On the other hand, don't expect "EVERYONE" to use crypto. If they will go to a bank, they will assist them. If they will use crypto, who will assist them? Where they will buy Bitcoin? How will they transfer it? I mean for them, they see it as more hassle than just go to a bank, tell the information, and just give the money. Overall, there will still be people who will prefer using banks than crypto.

You said "they are individuals with low crypto knowledge." Well, I agree with you, and it's because they see it as a complex thing thus, they will just ignore it. We can't blame them if they really don't want to use crypto for transaction. Even a person with a high crypto knowledge might still use bank for his/her transaction.

I agree and also I think one of the reason why most are not informed about it is that they don't really need it in their life, In our country, most of people are not digitally informed and also financially literate so that only 30% here have bank accounts, and this shows how they cannot really make use of these advancement since they are still stuck with the traditional ways of transactions. Also, technicality of cryptocurrency is kind of overwhelming to some that they end up not fully knowing and using it.
691  Economy / Economics / Re: How do feels losing money? on: April 15, 2023, 09:04:17 PM
This is my dream that i wanted to stablish my own business but i afraid that if i lose my money then? i have to invest my whole life's saving on it but after then i am not able to get success on it then it's hurts like hell, i keep playing in my mind why i did this? why i didn't do this? continuous self doubts and questions will be there. I do everything not to think about it but it keeps popping back in my mind only some people truly understand what this feels like. Still because of afraid of loosing whole life's saving i am not able to follow my dream but still not getting courage to take decision that give resignation from my corporate company and start my won business.

I think it is natural to be afraid to take the decision of starting a business since it is really indeed risky move. But, I think if you planned everything out and see the potential with your business, you can thrive at it. I think it takes for you to believe on your own business so other would believe in it. There would be doubt at first in starting it, so the best thing you could do is try to start small so that you can assess and have your losses to be of minimize as possible. I believe that we should never rely on our job income for the rest of our lives, so it is a great move to try to engage in business since if you get successful with it, it can give you financial stability in the future.
692  Economy / Trading Discussion / Re: What's your most preferred Bitcoin investment strategy right now? on: April 15, 2023, 08:38:03 PM
Don't HODL if you don't have saving in cash to use and all your money is in bitcoin.
All of us who work in cryptocurrency want to hold on. It is true that those who do not have cash savings are better off not holding. For those of us who work here and make a living, our needs are always close at hand. So at any time we have to sell those held investments. It has been seen that there are times when I have held but for necessity I have to sell the investment held at a very low price. So it is better for us not to hold.I'm not holding anything back at this point. I immediately convert whatever I get into my country's money. Because need is always with us.

This is interesting point since I had experience these hodling in other cryptocurrency and it doesn't go well. This might be different with bitcoin but if you think, it is really advantageous if you maximize the market movement through trading. In this way, you could be earning profit at a very short time. Also, another advantage of trading is that you can modify and align your strategies on the condition of the market as well as how risky each decision is.

...
One should really be thinking in probabilities. Actively get in front of charts and would demand a level of understanding. That is why trading for a living is like any profession to master. It would take years, many failures and trial and errors. This is the game I want to play. This is the way to make easy money, the hardest way because it requires self-mastery and one's methodology.

Agreed since trading should be employed with strategies that you should put an effort to learn and master. You would definitely fail with trading but these fails would strengthen your experience with it so that you can better trade in the future.
693  Economy / Economics / Re: Why do people stay poor? on: April 15, 2023, 08:15:53 PM
I hate people who can really say that "If I can do it then they can do it too" mentally not knowing the difference between their privilege. It's just simple that born rich people already have the resources for them it start having money sources like investment while for the poor they need to study first to get a well paying job or work for a long time just to get a promotion increases their income that are used for their needs. Plus rich already have connections to other people results to easily get a money sources. But for the poor they'll need to explore the work industry just to get a job. Education, health, essential needs, and experience. Those are the different between rich and poor, rich might got all those while the poor for sure need to sacrifice one from the mentioned examples. Still I believed that its still depends on people, if they changed their mindset to break the system of staying poor they'll might succeed and escape that system.

Indeed, everyone have different opportunities in life when they were born. Some just really have to focus on their studies an they would have stable job and businesses in the future. But for some, access to education is hard and this would make their situation even harder since they need to work twice as hard if they want to achieve something. Education is the primary reason why people stay poor since they have no capacity to take higher education that is needed for them to have jobs that is not only above minimum but also enough to make their life progressive as well.
694  Economy / Trading Discussion / Re: Day trading is perfect work for jobless peoples on: April 14, 2023, 03:09:00 PM

You should not make yourself that too desperate or making yourself in a hurry when it comes on making profits with trading because this is something that cant really be that possible or simply that could really be that so easy to deal with considering that this market is really that volatile.Being jobless then your main priority should really be finding a job first and dont make trading as your primary option because thinking that this
is the solution of your hardship when it comes to money then you do got it wrong.There's no way that it would really be that so simple on which a particular individual would
really be able to take a good grasps on trading in a short time.
Trading can be done without having to work for another job, but this is only possible if you have been able to create some capital up to this point, part of which will be used for trading, and the other part will be a safety net for you.

I realize that I could not earn as much from trading as much as I can earn from my job and probably the first question is about the stability of income, but this does not prevent me from working at work and at the same time studying trading, although trading for me is now on stage of study and I can’t talk about any stable income in trading.

I agree with these, for someone starting on trading, it would be very difficult to see it as an income since there are still no assurance that profit is there to be an income. But for those who really puts an effort on kearning and mastering the trading, it is not that impossible to make it into a kind of job. So, I don't agree that it is just for jobless people. Also, for those who have actual jobs, I think day trading can still be done if you can be committed on doing so, since it would be an additional load for you to analyze and understand other than you job.
695  Economy / Economics / Re: Quit borrowing on: April 14, 2023, 02:36:55 PM
When you're short on cash, it can be difficult to quit borrowing money.

Everyone has been there. We're short on cash and in a lot of debt, but a cover loan to get out of the red and even improve our readiness is the light at the end of the tunnel.

Blissful days? Sadly, no. It all comes down to the straightforward, yet frequently misunderstood, formula that says borrowing more money equals more debt. It is more difficult to return to black the more debt you accumulate.

The majority of us live beyond our means, which is one of the primary causes of our ever-increasing habit of borrowing money. Simply put, incomings are outpacing outgoings. It's also getting worse.

More than at any time in the past two decades, millions of Americans are spending more than they earn. Spending on credit cards, the most common type of personal debt, is estimated to be rising at a rate faster than at any other time in American history.

In our country, the case for those who rely on borrowing money stems from their inability to provide the needs of their family. With the continuous increase of inflation, it is really hard to make ends meet these days especially for those marginalized sector. But for who are capable enough of adjusting their expenses since I can see that non essential things are the ones we used the borrowed money for. So it is definitely not a good idea to live beyond your means, we should always be responsible enough to assess our financial situation. In this way we can stop the habit of borrowing money and make ourself be secured financially in the future.
696  Bitcoin / Bitcoin Discussion / Re: What does it take to become a Bitcoin investor on: April 14, 2023, 02:16:26 PM
I have a close friend who recently purchased 0.8 Bitcoins and when we met he was happy and was like " I am now a Bitcoin investor"
At that point I go this question in mind ;what does it really take to become a Bitcoin investor .does it mean that if you own a considerable amount of Bitcoin in your wallet you are now a Bitcoin investor or there is more to it aside having a basic knowledge of crypto currencies


It takes money. Just like with investing in anything.

Not sure I understand the essence of your question or what you are actually asking. As long as you have the money and the motivation, you can become a Bitcoin investor. As far as researching your investment goes, that can be done anytime, before or even after making the investment.

In order to invest in Bitcoin you just need to buy some Bitcoin, which you can do on any platform which offers to sell you Bitcoin, or you could even buy it from a friend/family member, without any extra hassle.

Anyone who owns even a cent's worth of Bitcoin is already an investor.

I agree that as long as you have money to invest, you can definitely do so. But more than that, assessment of your overall financial capability must be done. Know the rule that when you invest certain amount, you can really afford that amount. Just make sure that all your assets are safe since in todays technology more are getting advance on tricking people and stealing their investments.
697  Economy / Economics / Re: Could there be a new financial system not dependent on USD? on: April 14, 2023, 01:29:12 PM
Yes, soon not certainly the US dollar may not be as powerful as it is now but this isn't going to happen in the twinkle of an eye. In fact the duration for this change to fully occur is 10 - 20 years.
This is so because there will still be many hurdles to cross Before the so-called BRICS will be fully integrated into the financial system. First of which is how to convert it, then it's liquidity , stability, and credibility. We might see a whole financial war before it happens. Therefore, let's not be so optimistic about this news.

I agree since if more countries would join the BRICS of removing US dollar in trade transactions, a new currency system could arise other than this. But, given that us dollar is widely used in the world trade, I can't see it to be replaced soon. But given some countries are ditching the use of dollar in trading, this might affect the power of the dollar as a global currency. It would be bad for their economy if these happens. But we should not erase the fact that USA have greater power in most of the country in the world that we could say that they are reliant to them in terms of economy. So, it would be very difficult to predict what could happen in that sense.
698  Bitcoin / Bitcoin Discussion / Re: we don't have proper education on bitcoin. on: April 14, 2023, 08:11:41 AM
Education is provided with compliance to government’s policies and rules and regulations. You should be shocked to know that, in many countries Bitcoins aren’t legalised yet. This is the main reason that why Bitcoins aren’t taught correctly to the people. We can’t blame the government also, as government likes to control and regulate all the assets, but Bitcoin’s decentralised nature prevents Bitcoins to be controlled. A person if wants to learn about Bitcoin, then he can do it through any source. So yes we don’t have proper education on cryptocurrencies, but we can learn if we make our willpower strong.
I believe proper or formal education is not a necessity right now, we can learn as much as we want through our due diligence scrolling all over the internet. Those who succeed in bitcoin were never had proper education on bitcoin, and yet they still managed to survive from its high volatility and now earning high digits from bitcoin. So having no proper education is not a hindrance, if you really want to learn, as long as you have the high interest and determination to learn, learning will always be possible.

I agree since being educated on something technical like this is a personal choice so it is not surprising to see that majority isn't that educated or even familiar with these things. It is indeed that most of the ones who becomes trader or holder have no proper education since they maximize the potential of technology to be used as a way to learn something.

It takes a long time to have a normative system for new things to integrate into our lives. but we can see a step forward, more and more countries legalize bitcoin, more and more people start to understand bitcoin.

It would be a long way to go to see an education system that incorporate cryptocurrencies since it isn't even recognised by the government. So, the only way that I think is just to spread your learnings regarding these and let people see the potential of these new technology to them.
699  Economy / Economics / Re: Automating your savings will help you save more on: April 13, 2023, 03:14:53 PM
Automated savings,is the best for salary earners and for daily businesses but not for a poor man who hardly eat two square meal. This was the strategy that my elder brother was using,when he was running his business. He keeps a certain amount daily in his account for one year,which at the end of the year,he will withdraw his accumulated savings and use it to achieve something in the beginning of the next year.

It is a good strategy to secure your old age if you don't touch the money for a very long period of time. Let me say maybe 10-15yrs interval. As for this present time,I will advice that bitcoin should be the best option for automated savings and not fiat. If you keep on piling up your fiat currency till 10yrs time it will depreciate and might be a waste of time and resources, but if you put it into bitcoin, mate,you will be happy after checking your portfolio in 10yrs time. Inflation is a big challenge to fiat currency.
Gracias.
It is right that it is not applicable to all. I know that in todays time that our economy is not doing well, it is nearly impossible for minimum wage earner to make part of their salary be dedicated for saving. But, if you are capable enough, I know that combined with better financial management would ascertain you of the habit of saving.

If we work in an office and have regular income then it's time to make automatic deductions or transfers for investments, for example some investment products can make it easy for us to be automatically deducted every month so that it will automatically make our future better.
As long as the automatic deduction doesn't interfere with our lives, it won't be a problem to continue doing it. But every investment at this time in any product still has to be studied first, so that the potential for future profits can be slightly guaranteed because the guarantee of profit in all investments is always uncertain, so you don't have to always use an automatic cutting method if it's a manual cutting method. in every month is still good enough to run.

I agree, just do this if you know and already planned out your financial obligations. Always check if you can really afford to use this strategy, Overall, it is really a good idea since most of the financial advisors that I see online giving advice regarding saving is to first allocate saving money and then budget the rest. Trying to do this would ensure that you are capable of saving that part of your money. I can see the potential in these automated saving system as you would probably not think about that part of your money as a saving since it is automatically deducted. Let's just see how smooth these automation since it is still prone to issues.
700  Economy / Economics / Re: using credit card on: April 13, 2023, 02:48:33 PM
While owning and using credit cards would definitely have some advantages, the disadvantages far exceed the benefits of having and using them. That’s my opinion.

Unlike debit cards, with credit cards, you are spending money you do not yet own nor have in your account therefore the user is literally borrowing money from the bank to pay at a later date. And the banks in most cases, always collects what it’s owed.

I think using a credit card gives the user a false sense of security as the holder could purchase whatever items at a whim without having to worry about paying at that time. That quickly fades off and reality sets in when you’re neck deep in credit card debts.

I agree that credit card has its own advantages and disadvantages. But, I think it boils down to the person using it whether they are responsible enough to pay. Also, building credit is also important in today if you are planning to have your business. A good credit score would make you be able to loan money that you can use to start a business. Another is that you should know how to maximize the perks of using it since there are many promos and cashbacks that you can take when using credit card. So, all in all, I think it really depends on how responsible you are as a person to know your limit and also be responsible in paying it.
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