However in their own right, they have some point, but on the other hand, let's look at it from this angle.
For some of us that are from developing countries, is not easy to convince someone about bitcoin or educating somebody about it at first instance and you expect them to accept it wholeheartedly.
They need lots of education and convincing because they do not have an idea of what your saying or what bitcoin looks likes especially for those of them above middle age, because the semantics of bitcoin is a bit different and the approach towards accepting new idea's that is different from the conventional ways they know of, always comes with some level of resistance. I would like to tell you that this is not an issue that is peculiar to the developing world alone. Everyone who is not a young person needs lots of education and convincing. The percentage of the younger generation who get bitcoin is higher than the baby boomers. This is not the baby boomer's generation where you have to work for 35 years to live a decent life. The baby boomers are already used to having the government hold their money. This is the reason why it is just a few that will understand what being one's own bank truly means or self-custody of ones funds. In telling people about bitcoin, even if they don't seem to accept it at first, you will see a good number coming to pick interest much later. Just because a person didn't accept your idea presented to him immediately doesn't perfectly mean he has totally rejected for at some point in life he might find reasons to give the idea a try even without you knowing about it. Let's keep the ball rolling bitcoin is here to stay.
The fastest ways I am seeing baby boomers become interested in bitcoin and are slowly trying to get it is because of the financial institutions applying for bitcoin ETFs...this is the vehicle through which they thoroughly and confidently buy the idea. It is in a packaged form and their fear or risk of losing their funds through these institutions when they invest in bitcoin is low. |
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In recent times we’ve seen traders opt for different trading tools and bots to raise their efficiencies and maximise their profits, but are they really effective compared to self-trading? I recently got wind of Aimbot as Bitget announced its listing, seeing it is one of those projects that promises to aid traders achieve improved results I decided to research and learn from the more experienced traders if they’ve researched this project, and their bias on AI trading assisting tools like this one.
Until I see a person who has actually made a profit trading using AI assistance, then I would actually believe that this works. There are many influencers online who are being sponsored by trading companies just to say that their AI will make ordinary traders make money, when in actual fact this is incorrect. Anyways, anyone who wants to try it out should use a simulation before live trading. |
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My advice - BE CAREFUL
Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.
Good advice. As plebs we should also add so-called YouTube trading gurus, social media influencers trading gurus to the list to of investment materials we should be careful about consuming. Most of them repeat common concepts like technical indicators and patterns. They are not real traders. They are thriving on brand sponsorships and YouTube views. If you follow watch a couple of their videos or listen to them long enough you would see a pattern of them emphasizing certain strategies or ideas to attract readers or viewers, which might not necessarily align with successful real-world trading practices. |
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Finally,  something that can beat USDT is unleashed in crypto world, many aren't going to be happy about this, and that includes the Tether guys, I think many funds will leave USDT at this point and swim into Paypal new stable coin. Just as I thought, the competition is on. It's going to be PayPal vs USDT vs the banks. A nice move by PayPal. What will be the next move for USDT? Hoping to see the PayPal stablecoin listed on major exchanges as well. It looks like a good news, this could be the bridge between biggest payment systems in the world and crypto space at last, I had this dream in 2019 but it failed, lets hope this one will kick off well. PayPal customers can now easily buy Bitcoin and perform other crypto transactions without leaving the app. This offers an additional advantage for Bitcoin awareness and adoption, as there could be a spill-over effect from this. |
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So what are you trying to imply with these different risks of investments? If it is about everyone needing to start investing then I agree but I would expect is there any way to make it possible. Tip: Don't post wall of text unless it is necessary, it will be readable if you keep it short and explicit. Summary of whats written by OP is below Inflation is causing the prices of goods to rise, reducing the value of money. To combat this, investing is recommended. There are three types of investments:
Low risk-low return: Examples include fixed deposits with low returns but minimal chance of losing money.
Medium risk-medium return: Gold and real estate investments offer moderate returns but come with some risks like price fluctuations and potential fraud.
High risk-high return: Stock market investments have the potential for high returns, but they are volatile, and proper knowledge is necessary.
Mutual funds are a good option for those who don't fully understand the stock market. Properly researched investments can yield positive returns. Choose reliable options for a secure investment. Thanks nemo for the summary. Nobody should rush into making any investments because they want to escape inflation without understanding what the investment is all about. Besides, starting a business during an inflationary period is not advisable. During this period, the purchasing power of people have been reduced and they would rather save what they have than invest it. In some countries people look for alternative ways to save money during inflation. This is where bitcoin comes in. Investing in the stock market during that period requires careful planning and consideration. Not all stocks perform well during inflation. |
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Hmm, interesting well, as you should know the key is to access the assets, and that key cant be shared if you want security. If you've lost the key or anyone doesn't have it he cant access the Bitcoins in the wallet. So you need to pass the key but there is a huge risk haha, as I had mentioned already if anyone has the key he can withdraw all the funds. More interestingly haha in reality people store Bitcoins for their hiers. I use to keep my keys mostly in a place and few of my family members know where. As you know haha Death is the reality and it can be on the head anytime.
A person who has a lot of bitcoins in his wallet and desires to transfer it to his kids when his dies would first of all know that it is not something that should be taken with leisurely. The person's kids have to be on the same page him on bitcoin and crypto related issues. The choice to reveal the key should be left to the family lawyer and there are many ways this can be achieved. Any kid who is not should have the option of picking another asset maybe a property or business. If the man knows his kids well, this shouldn't be any issues at all. |
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Bitcoin is still the best option to invest in 2023. Literally any one can get it with as little as $1 and then grow upwards with the right strategy. Business and real estate requires that I have xxxx amount of money. The speed as which people, I mean the younger generation have escaped the rat race and most of them have become digital nomads is because of bitcoin. Yes, bitcoin in quote offers you the gifts of early retirement and financial freedom for forever.
I don't see real estate or Business doing that. You have to grind in businesses especially as a sole owner, 24 hours a day for years before you start to reap the benefits. Building a business would mess up your work-life balance and it has to if not, you are going to declare bankruptcy and shut down. I reiterate, bitcoin is the best option to invest in 2023.
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Michael Saylor stated that people buy Bitcoin at the price they deserve. Just a few days ago, Adam Back made a bet on Twitter that Bitcoin would reach $100,000 by March 31st, 2024. Here's a concern I have, do you think the predicted increases in Bitcoin's price to $100,000, $200,000, $500,000, etc. will limit its global adoption? Since the price will be so high, the average person might not be able to afford a substantial amount of it. As a result, they might seek alternatives, potentially hindering global adoption. Could the excessively high price lead people to feel like they missed out, causing them to hold onto seemingly worthless fiat currency?
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Thanks for this information. I needed this desperately. All the challenges that I experience while traveling abroad international esim app I believe is now sorted. It is written that it is accessible to 120 regions . I'll try it out with my friends on our next trip. I'm just finding out too that it's not only bitrefill that's into this there are other companies as well. Another strategy for Bitcoin awareness and adoption. It is almost like saying of you want to Payless on Telco, try Bitcoin.
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Copy trading isn't for beginners. Only mid level traders and professional or expert traders should copy trade. By the way, this.isnthe most laziest way to make money off of trading. Real and more experienced traders would never advice any beginner to copy trade because there is no skill acquired from copy trade. Beginners are called beginners for a reason. They have to start from the beginning and learn the basics of trading. Their priority at the beginning should never be to make money but to learn the steps that it entails.
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You can not eliminate the middle man in businesses, especially in this digital age, be it fiat or cryptocurrencies, because they have come to stay. Big exchanges like Binance, are cashing in on being the middle man in businesses, an unavoidable indirect business associates, in your face, waiting for you to go through them.
I score very low on my level of trust for people generally but in business or any type of financial transactions best believe I don't trust the other party even if the person were my sibling. This level of mistrust for others came about as a result of a bad experience. I like that big exchanges like Binance and Kucoin are involved as middleman in the peer to peer transactions that take place on their platforms. I have had so many issues with other traders and transactions resolved quickly which otherwise would not have if there were no middleman. In other non crypto businesses, some encourage middlemen because they are one of the fastest and best ways to market and sell your products or attract clients who require your services. |
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Given the crowding of the market with hundreds of new projects and the emergence of new services or companies every day, I think that the number of investors or users of these services does not correspond to this large increase.
So my question is: is this market still profitable for new projects?
There is no limit to innovation and at the same time there is nothing new that hasn't been in the past in some other form. And crypto projects gives the individual the ability to stretch the limit of human possiblities. To be profitable in the market the individual has improve on an existing project and the individual can also developed a new specialized project to serve a specific group. There is always profit to be made and the world hasn't seen the last of it. |
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Username: mvdheuvel1983
BTC SegWit Address: bc1qvpmd0ax99vvzvvvlpenu9yg0fcklaxg0ctey3m
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But while his father decided to give him bitcoins, my friend was furious and even left the house because he believed his late father had given him some money out of hate for him. When my friend came to my house to tell me the story, I encouraged him to collect the coins and learn more about bitcoins, and he was furious to listen to me until I started the show and started explaining it to him. At that point, he was happy and walked back.
Assuming this story is true, respect to the dead but your friend's father didn't do well when he was alive. The responsibility of every father is to teach them, to pass onto them knowledge and skills that would make them succeed in life and family even after they are gone. If your friend's late dad had taught him what Bitcoin is and it's true potential then he won't have reacted the way he did. Secondly, the lawyer on the other should have don his due diligence and told the boy what Bitcoin is. Well, this story sounds too simplistic to be true. It lacks a lot of intricate details. |
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The most important question to ask is, can you manage having many kids in this economy? I want to assume that by many kids you mean from 5kids upwards. Let me first bring to your notice that many years ago, it was easier having many kids and in turn a plus to the economy but one the divorce rate is high, there are literally more single parents than we have ever seen and if you consider, summer camp, daycare, the rising cost of health insurance and health care and then paying for college, you would conclude that there is simply no positive effect of many kids on the economy rather it puts stress on the scarce economic resources of a country.
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When you start a business from the ground, it is like your baby; you love it, feed it, nourish it, cater for it, and you are emotionally attached to it because you have given it your all and you'd go any distance to see the business flourish. A new business will stretch you, teach you new skills, build your confidence and boldness. On the other hand, there is no emotional attachment to buying a business. You just buy it to make money. Simple. And if it doesn't make money, you sell it off without having a second thought. Look at what Elon Musk is doing with Twitter. First he fired people who helped to build the company, then he starts to monetize the blue checkmark, and finally he changes the name to X. The company's shares has dropped since he buy it. That's the point I am trying to make.
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I am sure most of the people know why they are "adopting" crypto currencies. Almost all of them are doing it for the "profit". I doubt right now anyone cares to use it as a regular currency. They all invest with the hope of making some nice profit in the long run. I bet most of them will eventually sell their coins and continue using fiat currency.
Yes, the first why of adopting Bitcoin is profit and have in no small way benefitted from it. I have carried out very few transactions in Bitcoin and other cryptocurrencies but then it is not an everyday occurrence. Why this is so is because the government is yet to adopt it. People in El Salvador use it for daily needs aside profit because of their government's policy. |
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Buying liabilities, things that doesn't have value five years from now. Many save but even when money is saved, it is done to spend and not to invest and the only way to become rich is to invest and not by savings. So , invest in assets and not liabilities.
Would you say a car is a liability? I use the car for logistics services and I know quite well that it will depreciate in value five years from now. So, how would you classify this- a liability because it will depreciate in value in the coming years or an asset because it will increase my company's revenue in the coming years? |
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