I think if someone is confident in Bitcoin and knows they will be able to make big profits then there will be no other investment they will make other than Bitcoin.
Personally, I think and do that, the main goal of investment is to make a profit, so why do other things that may not necessarily make a profit, whereas we already believe in Bitcoin.
That's not wrong brother but majority of the investors are diversifying in other investments as well. But focusing isn't bad and wrong as well, so if you think that you'll do better focusing bitcoin and won't expand your investments when you profit from it, that's okay. Yes, that's true regardless of real estate investment because real estate is an investment in the future in real life.
And that's what I am talking about, if you profit from Bitcoin, it is okay to do other investments like real estate. You're just making your money work for you in several ways. |
|
|
|
People who invest in BlackRock, I have no idea if and what entry levels BlackRock has for his clients, likely don't have too urgent reasons to pull out their money as long as BlackRock's generated revenue of people's investments meets or satisfies their expectations.
Those people don't really invest for investments that they have a bit of idea but invests because of BlackRock itself for its name. It's a norm today that people will invest to brokers and asset managers that they know has a name and proven track of record, at least that's what they know about BlackRock. If you have enough money, you usually diversify and let your money "work". Above some levels you probably don't try to hunt for every percent or per mille (can't speak with own experience here, I'm not at such levels).
And that's what they think they are doing but they don't know that they can handle it on their own. But I guess that's what companies like this are trusted for but me, no. |
|
|
|
Seeing the poll with lingerie is like what to me. I want to have those electronics and gadgets that will earn more money and the top choice is an ASIC miner. Aside from that, owning rental properties is the best passive income that one can ever have. And if it's possible to have long term clients, that's much better and I'll keep them. If I had the chance to buy any product with crypto, I would definitely buy luxury items. I don't have this on my mind but want to have it as well someday. I have not yet purchased any product with bitcoin or cryptocurrency, but I hope in the future I will purchase product by paying with virtual currency.
You should try it. Look for some online shopping websites near you and check if they're okay to accept payments in crypto and usually, they'll just uses a third party service for its automatic conversion to fiat. |
|
|
|
|
DCA or buy whenever you want, that's it. You can always buy whenever you want or whenever you're comfortable with the market conditions.
Just like what I have noticed for some investors, they only buy when the market is too active and the price is quite high.
It's because they're feeling the sense of they won't regret of seeing a low price and that's when they ride to the market, if the price is high.
IMO, any approach of when you buy and whenever you're satisfied is fine as long as it will gonna work.
|
|
|
|
What are the repercussions of failing to complete KYC on an exchange?
Not that much because you'll have to go through the process again. Unless you've got an unjustifiable amount on them and you're asked to comply, you'll have hard time if you fail so. Because if you have provided them already with your kyc and then you are not truthful to it, that's going to make them more doubtful to your identity and could lead to the freezing of your funds until you're all clear to them. |
|
|
|
I agree, when you're rushing things there's a tendency that you may end up with a bad ending that you'll never like.
But if you're up for challenges and experience then you can force yourself to have that schedule as soon as possible, the business you'll launch should profit.
Even if you try to break the physics and laws of starting a business, you could still see the difference of rushing and taking it slowly.
There are really times that you need to rush things and a lot of challenges you will face because you missed something, but still, it is better to plan it out rather than say that you will just solve it along the way because you will be prepared, and for sure, even if you are very prepared, you will still encounter some challenges that need to be solved, but it is only a few of them because you have already planned out the worst-case scenario and the plan you will be taking. What's really best about taking it slowly is that you are sure with your steps, which means that steps can prevent failure that can make your business down, you will also not miss small details from your business because they also have a big impact on it, and lastly, because you are not in haste, you will save more money because you will find or get the cheapest way with the same outcome as your product. In a business, I don't think that rushing is a good idea. If that's what you meant by we need to rush things sometimes. It's not that good for someone who's just starting not. You cannot just turbo the business that you have started because that's the typical business goes. You have to slow it down and take things carefully. Learn from the rich ones, they didn't took things in a hurry. |
|
|
|
They just turned a blind eye to what could have made them rich.
They can't do so much with it as they've been taken advantage. I wouldn't agree with this, all the media propaganda that the top-world countries have taken sway of the developing or underdeveloped nations are fallacies, I don't let reporters' reporting skills get into my head because most often some of them are bais. If you look at the settings in African countries for example, you would see that it's a mutual relationship (security, financial aid, political relevance etc.), so why are so many people letting others believe that some countries are cheating others? Even at all, if some terms and conditions of an intercountry relationship are not okay for a nation anymore, that nation is entitled to decline further cooperation. No one can force any nation from harnessing their potential, only that Africans have not woken up, they've not embraced their leadership capability, creativity and potential, talkless of harnessing their natural resources, including lands to their advantage. And often times, their leaders are too corrupt and are some of the betrayers of their countries for more benefits and to the benefit of foreigners. So, it's still part of the issues with them, there must be a change of mindset and attitude, and if they have a good leader that has integrity and the fear of God, and who can also shun corruption and could put the nation through, and cause their eye-opening, then better terms with foreigners and greater results as a nation would be achieved. Specific on that nation, as you've said that they can decline such deals and partnerships but why is it that some or majority of it are still taken advantaged and approved. That's what I think that they can't really do anything with that. Despite that they know that it won't be for the sake of their people but only for some rich folks. Honestly, we know what's better for each of our nations pertaining certain issues. But the sad part is that, we can just discuss it but the changes won't be applied as it's in the hands of the rulers. |
|
|
|
Borrowing money is a trap and so as borrowing money to invest in any crypto asset that you're interested and even in Bitcoin.
This is the money trap that many don't understand that some who became successful were like happens only to a very few people.
If they're lucky, thinking that they could also be of the same fate but no way. That should be crossed out if someone thinks that they can invest with loan money.
In the end, investment in bitcoin, like investment in general, should be done calmly, within your means and with money that you will not need for a long time. To do so, you must have savings on the side. Otherwise you may be forced to sell in a bear market to pay for a car repair or something like that. 100% agree on this. There is no doubt that investing in bitcoin is like a chill type of investing compared to the others but if you're not going to use your own money, that's when it becomes like something uninteresting and bad. Borrowing money to invest, there are people who do it and know how to do it, like Michael Saylor, but it is a bad idea for Average Joe because what it does is to have more risk of bankruptcy. In fact, in late 2021 and early 2022 we saw steep price declines due to cascading liquidations of leveraged positions.
Those huge people have their own backups but with the typical story that we see from average people is like they don't have any back up plan in case that their plan don't go accordingly. |
|
|
|
It's not too late for the world to wake up to the challenge.
Not that late but it's too tough as if we've been like this forever. Nonetheless, it's so unfortunate that the poorest countries in the world are most guilty of this.
Right, despite that the other countries have been recovered already and they're no longer worried about food security. Many of them stays to be uncertain on how it's going to be look like in the next year based on the situation that they're dealing today. They just turned a blind eye to what could have made them rich.
They can't do so much with it as they've been taken advantage. |
|
|
|
What I know is that the highest price for BTC in 2021 will be around $69k and of course we won't know the price of BTC during the next bull run, but I hope Bitcoin surprises and forms a new ath exceeding $100k.
In my opinion, the price of BTC will continue to grow because people adopting BTC are increasing, while the supply of BTC is limited, namely only 21,000,000, so I think the price of BTC will continue to grow. but we also have to be able to take advantage of the volatility and fluctuations in the price of bitcoin.
It will continue to grow if we're going to base it from its current price and it could be as high as $100k or more than that. We just don't know when and if the situation will allow that to happen, maybe not this time but more of the chance happening it post-halving. The care will be shown when everyone starts to get greedy again and the market don't have much motion, so start from analyzing what move should be done when we're not yet on another ATH. |
|
|
|
|
Borrowing money is a trap and so as borrowing money to invest in any crypto asset that you're interested and even in Bitcoin.
This is the money trap that many don't understand that some who became successful were like happens only to a very few people.
If they're lucky, thinking that they could also be of the same fate but no way. That should be crossed out if someone thinks that they can invest with loan money.
|
|
|
|
People need to stop rushing things. Have a plan. Be diligent in your trade and learn. It will definitely grow if you're doing it right. We need to stop looking for riches overnight.
I agree, when you're rushing things there's a tendency that you may end up with a bad ending that you'll never like. But if you're up for challenges and experience then you can force yourself to have that schedule as soon as possible, the business you'll launch should profit. Even if you try to break the physics and laws of starting a business, you could still see the difference of rushing and taking it slowly. |
|
|
|
So do you think that I'm correct about bitcoin, that it is not an easy way to get rich quick as some people will make believe, and it is just like other ventures where there is no guarantee of getting rich?
You said it right and good that you've come into understanding and realization that bitcoin isn't a quick rich scheme. I think that whenever you grow from this thing, you'll start to realize important points. Like you have no control over its volatility and the price keeps on fluctuating in a manner and direction that you don't know. But if you stay longer, you know that there's only one direction even with all of these ruckus and concerning motion and that's up. |
|
|
|
I am trying to look if someone has already mentioned that there's already a thread about it but, it seems that no one has pointed that out. @OP, there's a duplicate thread already from the same topic of what you've made and that's this topic[1]. [1] Real estate vs cryptocurrencies vs business |
|
|
|
the increase of food stuff in my country is not something to write home about. for over 3 years now after the COVID. the price of food stuffs increase *2 of the initial price which is given the citizens problem to feed themselves.
Everything starting from and after the covid has gone up. All services, all goods, all bills and necessities didn't escaped from the domino impact of that global problem that we've faced. and the government of the country is not saying or doing anything about it.. I have a fear, if this continues like this, I wonder what will happen in this country.
Many will flee and move to another country if your countrymen can no longer take the heat of inflation and increase for the cost of everything. While only the rich people can only enjoy everything during this problem, it's sad that small people and those that are in the poverty threshold are the ones that will have to suffer. |
|
|
|
|
While I do believe that the future is crypto, there are just some things that can't be processed in my mind. Like connecting banking and cryptoing.
It's because if we're going to remember some important points about crypto and that is we're the actual ones who should play the bank in our own.
|
|
|
|
No matter where one invests, where financial matters are involved, there are risks. Investing in real estate is somewhat less risky than digital currencies.
It has been one of the most stable assets out there that one can depend on. But there's also a housing bubble and that depends on where you're living. Maybe it's just like a ticking bomb waiting to blow. Bitcoin altcoins can make profits very quickly as well as losses very quickly. So investing in cryptocurrency is much riskier ans also more profitable. So if he wants to make profit, he must take big risk. So it is a personal matter of everyone how much risk they are willing to take and what they will invest on
The gain depends on the risk, and we're all aware that cryptos are riskier than any other assets. But you're not required to have a big capital to start with and you can even play with your money like in trading. |
|
|
|
|
Don't be too intrigued with these groups because they're not really good as what you're expecting them to be.
Signals from wolf of wall street? What a BS. I don't even need to check the group if they're legitimate or not because there's no such legitimate group that will be on that social media platform. All that you will see there are bunch of experienced traders that would like give the idea of their trades so that you'll follow.
|
|
|
|
No one knows exactly when the market will recover. But as for BTC, after the last bottom at 15k this showed a nice doubling and now we can say correction.
That $15k was the assumed bottom that we're waiting for before Bitcoin takes off again to a better price. And from there as the basis, we can say that it has recovered but this isn't enough recovery because what we want is the recovery that should be from the ATH on 2021. Halving 100% was the best moment for bitcoin growth, but it is unknown if the next halving will be like that. Maybe the growth will start next year, maybe the year after. But the bearish cycle in the market has been going on for a long time. Hopefully that will change soon.
I am expecting all the best for the halving. We can hope for that as the cycle always gets to show us on how it looks every post halving. |
|
|
|
What are your thoughts about the future of bitcoin in times of the last halving ?
I am thinking about how many zeros (not decimals) it will be for the price of Bitcoin if ever it's still alive by that time. I’m curious about this too since transaction fee is fixed in sats value while it’s equivalent value in fiat will grow exponentially in future due to the price discovery of Bitcoin. I doubt people will still use Bitcoin if the fee will grow more zero in fiat value since this is not economical. Maybe there will be some adjustment in the future the amount of transaction fee in sats in proportion with the fiat value. IIRC, there was a point of time when transaction fees were zero but it has never happened again. And that's for sure that there will be adjustments and it has to happen to give incentive to the miners since they're the ones to confirm our transactions and the fee is determined by the difficulty and the demand. You are right, because the scarcity and other features of BTC has proved that it is a great hedge against inflation which means in current era inflation is so higher than then the inflation which was in 2010. But still the deflationary nature of BTC still made profit to all bit coiners. It indicates that, at the last halving miners will still make profit and who knows till then what type of green energy sources will be discovered or invented.
Even after the halving if Bitcoin is still there but since the topic is about imagining Bitcoin is still operational even after the last bitcoin to be mined, so that's it. |
|
|
|
|
Show Posts
