The plan of taking loan is also there, that sum to be invested has to be completed and a business money will be realized. This is awesome and is gonna take me only 2 years to pay my loan comfortably. This is a direct red flag and it has always been advised that never go into Crypto-currency investment using capital gotten through loan. Bitcoin aside going into investment with capital you can't afford to lose is a dumb move and very risky and then going into any investment using money you can afford to lose that's gotten by taking a loan is completely a very silly mistake to do. Aside from the fact that bitcoin is very volatile and the price is not predictable even during the halving. Many halving period has seen Bitcoin take time to take of and some who are short term investor would have pulled out and counted their losses, also you have the chance of losing the coin or any potential risk. It's never advised to take a loan for an investment. |
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I have some experience of crypto trading as I am doing this on few exchanges for three years with my limited budget which is in green because I am doing this all with just Bitcoin, Litecoin and Ethereum.
With what you have just typed here I can say you don't have any experience in crypto-currency trading and you have so much to learn about crypto-currency yourself, trading Bitcoin, Ethereum and Litecoin does not guarantee you success in you trade, it's wrong to think you are safe when ever you trade top coin the crypto-currency market, if it was that easy everyone would be a successful crypto-currency trader just as you think you are. Yes what you trade matters to an extent but know how to trade is golden. How to study the market, and very important how to control your emotions while trading. In between welcome to the forum you have alot to learn. |
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Well Bitcoin is the top coin in crypto-currency and yes it has a good degree of control in the crypto market in various ways, Bitcoin is the first coin that comes to the mind of people when ever crypto-currency is mentioned especially those that aren't very familiar with crypto, so when ever there is a pump in Bitcoin this create a shock wave in the market and has a way to affect other coin you see those who aren't able to get good amount of Bitcoin go for a more affordable coin.
Also if there is a negative market in Bitcoin many investors of other coins fares the condition of their coin and how the can survive, so they are mostly to secure themselves by selling off leading to a drop in that coin they invested in.
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In my case there is a question not about holding USDT,
I use them for my daily operations & general transactions, although I have some reserves to cover my few months of operations.
I found like several different opinions on topic of usdt-stability regarded to potential upcoming banking crysis, and me personaly I have complete mess atm: is there any real ADDITIONAL risks for me as holder/user? I mean behind USUAL risks of owning crypto currencies.
There are many school of thought to this very information, many people has different reasons for their thoughts, people do advice on not holding Crypto-currency completely also so advice to hold it. Well I would say stable coins are part of the crypto-currency space, it's that crypto you can holding when you aren't sure if which coin to buy, it's lole the decentralized form of holding a fiat because it's actually doesn't have its own value but has the value of the US dollars. Regardless of the fact that stable coin should be stable we have seen instances where some stable coin lost their values like USDC when then has the issue with silicon valley bank. There is no room to be complacent in crypto-currency nothing is assured, for now I also have some USDT and it's proven to be a strong stable coin but I still keep my guard and instincts up Incase of any drama. |
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First why is your definition of Crypto-currency has to do with money and earning, this is the reason why your friends you mentioned always think in the direction you listed, (scam, fear and little money to start) I think this attitude from those who aren't yet into crypto-currency comes from the way they are told about crypto-currency . I seen others who really want's to know about crypto while their friends are into crypto and they are not, sometimes they don't want to teach their friends for a reason that they would earn better or more Was I can say is that you guys are all business men looking for the next business to make profits but this not wrong and the fact a business man doesn't want to you overtake him too is also not wrong and it's part of the business competition. Next time try to channel the way you tell people about Crypto-currency try to give them a broad picture of what it's all about, and let them decide if they also want to invest in crypto-currency. |
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Natural resources are found everywhere in the world, there is no country that would say they don't have any natural resources just that some country have more of a resources than other countries and also we have to also check which resources has more demand this would determine the worth of the resources. Africa is bless with a good amount of natural resources than many places in the world but still is backwards in terms of development.
I can say it's not about the amount of natural resources a country has but it's also important how the country manages their resources, for example Saudi Arabia and Nigeria has close to equal amount of crude oil natural resources but Saudi Arabia is far developed than Nigeria, government miss management plays a role in determining if the resources would be helpful to the country.
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2: The second is that I get confused when people around me talked about Bitcoin. I envy them because I see them as intelligent and want to be like them. I also want to be seen as someone who is intelligent and can contribute my views to discussions.
You have already started to get it wrong this way and you may never understand Bitcoin If this is your goal, firstly you have shown you are easily moved my people's opinions and you would give into FOMO (Fear of missing out) and FUD(fear uncertainty and despair) you won't be able to take your own decisions, you goals should not be to look intelligent( by being knowledgeable in Bitcoin) in the eyes of people but your goals should be actually have the knowledge of Bitcoin that should be more important to you. Help yourself out by reading up there are lots of Bitcoin books you can gradually use to accumulate knowledge here is a good list. https://bitcointalk.org/index.php?topic=5353061.0 |
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Well honestly financial education is very important and obviously very useful, I believe it should be like something everyone should aspire to have especially when they deal with financial system, investment, business and just wanting financial growth.
Having a good financial education has helped many progress in life and has used the knowledge they have gotten to actually build a substantial wealth for themselves for an average person who has limited Capital at their disposal it's best to have a good financial education.
But in this case you are comparing $1 million with financial education, well it's depends on the individual, I would choose $1 million to financial education, first you gave to understand Capital is key, when you have good capital you have a higher chance of succeeding, you can even employ experts to handle so tasks you have no knowledge about, if you aren't the wasteful type I think you can make good for yourself.
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Some people used lightening network to solve the difficult they faced during that time of high transaction fees also some faced the situation and endured the fee, while other like me relaxed and tried to avoid making any transaction this period of high fees.
Its over now and there is no need looking for solution now that the transaction is back to normal, this won't be the first time we would be seeing the transaction fees go up, transaction traffic congestion are amongst the difficult we face from time to time in the ecosystem.
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I don't think it's necessary to use stories to cajole people into believe and trusting in Bitcoin, I think if you use this method you would have to be consistently convincing them not to fear the market especially when there is little dips hear and there, the market is always volatile and it's a difficult task trying to convince someone about a particular Crypto-currency, and doing so you also making yourself liable to be held or blamed if they actually lose money from holding Bitcoin or any other crypto-currency.
Rather than cajoling people to believe in the investment strength of Bitcoin why not enlightened them about the potential advantages Bitcoin has over other financial system, let them understand that they can actually use Bitcoin to make their financial system easier, and also the fact that they control their financial system using Bitcoin and not under any centralized rules. Also tell them about the dangers, hackers, scammers and the need to be very security conscious. This are the issues we need to discuss more with newbies if the adoption of Bitcoin is to take full effect.
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I no know what your reasons are by honestly I go like make you talk am, why are you interested in centralized exchange, if you have paid attention here on the forum you go see say centralized exchange is not highly regarded here and there are reasons for than. Normally crypto-currency value wey e get over other financial system is it's decentralized nature, where no person get control over am. So except there is something special you see in centralized exchange I go advice you against am try find better decentralized exchange. But if you insist let this thread help in your selection. https://bitcointalk.org/index.php?topic=2906237.msg29885570#msg29885570 |
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You just have to store it safely somewhere and inherit it from now on in some of the recommended method. There are many people and companies in the real world who can be trusted when it comes to inheritance, so you may consider that suggestion for your inheritance plan for children including passing on your Private Key and Seed to them.
It's hard to trust your inheritance with any person or companies that would hand over your inheritance to your kid, I think it's a very risky move to make. Firstly there is no third party you approach a company who are into Bitcoin inheritance and give them your private key to your Bitcoin with hopes they would give it to your kid after death. Firstly how can you trust their credibility, also what are the chances they would keep your private keys safe, to me that's a very risky move to make never trust anyone with your private key. |
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If you are willing to give your children your Bitcoin after death it's best to give them details about the wallet now, if you trust your children now and think they deserve your Bitcoin after your death then I think you shouldn't hide it away from them now. It's true that right now there isn't much plans in place to pass down ones Bitcoin to the next of kin Incase of death, but I believe there are few plans prepared for this type of situation, but there is a time lock plans that would help you To create the Time Locked Address:
1. Go to Coinb.in;
2. New -> Time Locked Address.
3. Enter your address public key (the one you require to sign the transaction and be able to spend the coins);
4. Enter the date-time or blockheight you want to release the coins.
5. Submit and save the Redeem Script (don't lose that or you won't be able to spend your coins in the future);
6. Send the coins you want to keep locked to the Address generated.
After the chosen period, you will be able to spend your coins.
1. Go to Coinb.in;
2. New -> Transaction;
3. Paste your Redeem Script and click Load (it's going to show every input available to be spent);
4. Paste the address you want to send the coins to at the "Address" field and the amount in the "Amount" field. The remaining funds will be used as fee. E.g: If your address has 0.015BTC, you can put 0.014BTC in the "Amount" field and the fee will be 0.001BTC (0.015 - 0.014);
5. Submit and copy the raw transaction;
6. Go to the "Sign" tab (at Coinb.in);
7. Paste the private key from the address you choose when creating the Time Locked Address.
8. Paste the raw transaction you just created.
9. Submit, copy the signed transaction and push it to the network (you can do it in the Broadcast tab).
10. Transaction sent! |
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To highly explore aspect of crypto-currency that doesn't require you to invest, then you should have a degree of technicality, Crypto-currency sure do offer opportunities but you must know it's highly competitive. An example is Bitcoin mining, this aspect used to be very simple with lesser competition than now and then you could even use your phone to mine, right now that aspect is very competitive and also you need heavy devices (software and hardware) that requires high amount of powers to function.
There are still many other aspect you can look into but I advice you start simple, investment has been the most famous opportunity that crypto-currency has to offer and it's been profitable but there are risky also attached to it. You can learn web designing and you can help projects create website or build a trading app but one thing is certain you should find a skill you good in.
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Just as you searched and found out the process to withdraw funds from that platform any one else that actually wants to withdraw from the platform can just also do a simple search like that and get the answers they seek it's that easy.
Maybe people are questioning how they can withdraw their funds from that platform but as far as this forum is concerned I haven't seen any of such question so far, you can actually link a place you have seen it previously, I have nothing against the guide but you should first wait for such question then reply the post or comment with such guide.
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One reason why I made this post is just to appreciate the beauty of heirachy in this forum as the topic implies.
Those who have ranked up in their time here and have taken out time to inform those of us just joining with the information we need are the real VIPs.
I just love it when I see legendary or hero members or senior members or other high ranking members make great insightful comments that helps really.
Everyone would agree it is quite hard to even know the right questions to ask these days with current market trends in crypto world, fiat world, and with all the development and innovation taking up space and filling the web everyday.
Thanks to the innovation of the ranking system and the brains behind it. More power to the elbows of all top members for your contribution in the form of comments or post or guidance.
Please give credit to everyone on the forum doing their possible best on the forum regardless of rank, one of the things I did not like has always been trying to get in the good books of top ranking members leaving out the hard work many low ranking members has been putting in, I appreciate everyone doing the right thing and rank here in the forum doesn't automatically mean you have more knowledge than another person, you can only have a better forum experience. As a newbie or lower ranking member keep pushing for more knowledge and thanks for your contributions already to the forum, keep following the rules and the only thing that can happen is personal growth and of course forum growth. |
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OP the world does not work like that, the more you spend the less your bank account becomes especially when you Are spending it on depreciating goods like cars, unnecessarily experience items that doesn't generate any income then be certain that you won't be getting anything back from doing that in return. Spending carelessly is a highway to financial wreck.
You can spend your earnings on things you actually like but don't me silly about it also you can make it a habit to buy things and properties that actually have appreciating value and example is land, houses, this types of luxury can still be very profitable even in the future.
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Firstly I would like to send out my congrats to her Hilda for achieving this difficult task of braking the record of the longest cooking time.
I was very impressed for the love she got from millions of millions of people in and out of Nigeria and I can say that support went a long way for her to achieve the task.
I don't know about other but this story is actually inspirational to everyone especially those who don't believe in themselves. Hilda actually believed she could do it and even if there were challenges to achieving the task she still stood strong and completed the task, it's just so so amazing. It's a big win for her and Nigeria at large.
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Well on the notes the banking system tells you they don't touch their customers money that was entrusted in their care but I don't think that's the case, bank can be a safe House for keeping your funds but banks are headed by top financial experts, economist, market analyst and business gurus that has years of experience under their belt.
I won't trust the words of any centralized system and that includes the banking system I strongly believe they tamper with individuals funds to push into businesses and investment for there own profits that's why banks uses a means especially promos and giveaways to those who can leave their account untouched for a good duration.
The banking system is a establishment that keeps the customer stagnated with no income coming from their deposit but the bank themselves are funded with ready capital to engage in other investments.
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