Many time in our life we are hit by luck and many time we are hit by bad luck.
Sometime planning doesn't even work. Having a good game plane fails most of the time. It has happened with me many times
However, planning is still necessary. If something doesn't work, it means that an error has crept into the analysis. The quality of the analysis is a very important point. In addition, a proper assessment of the costs in terms of feasibility is necessary. Often what you want to buy is not the right thing to buy. |
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From my point of view, the recession and the banking crisis have been artificially created for the purpose of reducing the number of banks globally. There are too many banks now. And another purpose of this crisis is to accelerate the transition to digital public cryptocurrencies, which will allow excellent control of the population.
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It is always wise to save money, we need to save while we can because we don't know when we can face an emergency, saving is good but if we save our money we need a lot of time before it will become big savings, i suggest to use the saving if there any, make a small business that don't need a big capital or invest in crypto, etc., There a lot of ways to earn not only saving.
Now it is very difficult to find a business that requires little investment. Most of the market is occupied by monopolies, which simply do not let new players in. And you can't keep money either, because due to inflation, money is constantly depreciating |
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It is possible that the manipulators will repeat 2019 to a certain point (as they did in 2021, which repeated 2017 until December 4, 2021, when history changed). So the possibility of a repeat of the underlying pattern is worth considering, but should not be completely relied upon.
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I believe that bitcoin or another cryptocurrency with the same degree of reliability could well become a global reserve currency. Bitcoin has transparency, limited issuance, and other valuable features that a global reserve currency should have
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If bitcoin will crash, another cryptocurrency will take its place. Cryptocurrencies are already so closely integrated into our lives that it is difficult to imagine conditions under which cryptocurrencies could be completely banned. Yes, strict regulatory laws can be passed, but no more than that.
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If you think in terms of standards, many would say that the value of gold will increase over time. However, if we take into account the transition of countries to digital currency, we can assume that over time, gold may lose its status, and its place will be taken by, for example, bitcoin.
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Now we can say for sure that the pandemic served as a good reason for the development of remote business, as well as online commerce. Courier services have literally found a gold mine. Now ordering food delivery, for example, has become quite commonplace.
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Losses provide learning how not to fall for the same mistake. The more real practice in trading, the less losses you can get. But with a note that you have to be able to do the analysis correctly and carry out a good trading strategy. The predictions that are expected sometimes will not go according to plan, however, that is a risk that cannot be avoided.
To be able to handle some of the losses that could occur, Plan A and Plan B must be determined, so that no losses continue.
Yes, there are no victories without losses. However, you must agree that the size of losses varies. And it often takes a pretty strong psyche and the opportunity to gain additional knowledge to keep going. Sometimes people lose everything all at once. |
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Sure it's not a bad thing to teach them how to trade. Giving financial literacy from the very young age is actually important and a smart thing to do, but you shouldn't jump right into trading. Better to start with the basics and let them learn about financial managements and the risks associated with it.
Instead of trading with read money, maybe let them use demo accounts where they can simulate real market trades and become more comfortable and get to learn about trading without risking anything.
Usually demo trading creates a deceptive impression, because not all the laws of the market work in this mode. A person, having earned a lot of virtual money, enthusiastically begins to trade with real money - often quite a lot of real money - and as a result often fails. It is better to trade with real money - but a very small amount. |
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The answer to the question about the impact of economic events on bitcoin is quite simple - now traders who trade on regular exchanges and on cryptocurrency exchanges are practically the same persons. Big capital has been coming into the cryptocurrency world for a long time, and it has brought its own rules of the game.
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The advantage of bitcoin is that it can be owned by people of any age - regardless of age or other factors. Yes, quite a few people are still conservative, but time forces such people to change. The convenience of mutual settlements with cryptocurrencies is becoming more and more obvious.
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it's never too late to start - this is truth. Yes, it is impossible to make super profits when trading bitcoin, but it is quite possible to make good money when using smart strategies. Although, in my opinion, now is the best time to make money on altcoins.
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Arbitrage in cryptocurrency trading is quite a risky business. You have to take into account delays in transferring coins, accidental account freezing, sharp price changes, interest on trade volume, and many other factors. mistakes can lead to loss of all profits created by hard work
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During covid-19, I had the opportunity to do remote consultations. I also wrote various articles on freelance. And additionally, I traded on the stock exchange. That is, I took full advantage of the opportunity to make money on the Internet.
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We can all see who is going to the economic forum in Davos. Many of us have the opportunity to read Forbes magazine's lists of the richest people. So we can say that - judging from the external data - most of the world's wealth is concentrated in the hands of a relatively small number of people.
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If we don't have money to buy bitcoin or other investments then the best thing is to take a loan, especially yesterday the price rose to more than 17% and makes bitcoin often top trending on many social media, if we take a loan and fees or interest annual 12%, so yesterday we were able to profit 17% and pay off debts, don't be afraid to take a loan because bitcoin has good hopes for the future.
Unfortunately, it is impossible to say where bitcoin will go in the next interval. Yes, historically the price of bitcoin is going up, but the interest on the loan - if you take a loan to buy bitcoin - is also going up. And whether you'll have enough opportunities to wait for a profit is something no one can predict. |
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There are many cases in history when people achieved significant success without having not only higher, but even secondary education. Nowadays, self-education plays a big role. The earlier a person gets on the path to building a career, the better. If necessary, it is always possible to get higher education remotely.
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Since interest in bitcoin is now rapidly increasing, more and more miners are connecting. Therefore, we should expect that the bitcoin halving date may be much closer. It is quite possible that bitcoin halving could happen in Q4 2023 if interest continues.
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