In the country where I live, people are currently living in destitution due to the highest demand inflation. Basically, the government has increased the price of all products starting from small in my country at double rate. But currently there is no change in the salary of an employee due to which they are in more difficulty to meet the family expenses. Especially when a person is responsible for all the affairs of his family, it becomes difficult to run his family with the salary he gets from his job. Meanwhile, the government is not paying enough attention to the increase in the prices of all goods, but increasing the financial needs of people by money laundering in various ways. For this, it is necessary to fight against our government, if the country continues like this, injustice will be established in the society.
The government does not increase the price of goods, but rather they have not strictly controlled the price stabilization in the consumer market. All countries are in a similar situation to what your country is experiencing. I don't know where you come from, but going against the government or calling many people against the government is not a viable solution. Instead, I think you should think like a lot of people here, stop whining and stop relying on the government, you should find a way to survive and adapt to everything that's going on. We should save ourselves instead of waiting for the salvation of others. You are right as by the end of the day it is still the same price and you are struggling. It is better the time that you are mocking the government is spend it to other things that you can earn money or grow your own food. We should stop relying on the government as we know that they are very slow, we should find our own ways to earn more and not starve. Others are doing this now rather than murmuring they are now selling some foods in the side walk, finding a job or others going to province to have farm. |
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In teaching children if it is an out-of-school knowledge, we should assess the interest of the kid we wanted to teach Bitcoin about. If the kid shows interest then we can start telling them the basic. we don't need to go deeper in tackling Bitcoin because it will be too much for the kid. If needed we should represent the explanation in the simplest way so that they can understand the concept clearly. We should also observe if they keep their interest, and if in case they have lost interest in learning Bitcoin then we must stop since it will only bring difficulties for the kids if we push the subject of learning Bitcoin to them.
This is what I will do with my son. As a bitcoin investor, introducing and teaching our children bitcoin is something anyone would do. But many parents make the mistake of teaching their children too early and forcing them to learn even though they don't like it. It's something I've always protested on this forum, many parents are teaching their kids bitcoin forcibly, which is sure to do them more harm than good. I will also teach my kids when they are old enough to know about bitcoin, but if they don't like it and choose something else, I won't force them and let them be comfortable with their choice. I am definitely against forcing someone to do something, however I believe, that learning cryptocurrency and bitcoin in particular is potentially interesting for everyone, because it is connected to one's finances and this topic is in the interest of any person. If it is accessible and exciting explained to a child how bitcoin can help him in everyday life, how it will help him find and obtain what he dreams of, then there will undoubtedly be interest in studying it. You are wrong, not everyone will like bitcoin or financial investment like us. many people are still living happily and content with what they have without bitcoin or investment. bitcoin or investment is not the only way to success, we have many other paths to success. if you say you hate forcing anyone, don't be too confident that bitcoin will appeal to everyone in the world. let's teach our children everything, but never force them to do what they think is right, let them choose freely. meaning it is not for all because others, when we say that it was very volatile, most of the impressions on this are that it is kind of gambling; you'll easily lose your money, but there are few who appreciate it, which is why they want it as they can easily gain profit from it. You can't really force anyone to learn bitcoin because it is still a useless thing as they can't still learn it deeply, and why are we forcing anyone to invest in or learn bitcoin? Let them discover it on their own, and we should focus on ourselves to learn more. |
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Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?
Have you seen anyone get rich by gambling? As for me, I've never seen anyone like that. But with cryptocurrencies, as we all know, there are many people who have become rich and changed their lives by investing in cryptocurrencies, especially bitcoin. So I totally object if someone says that cryptocurrency and gambling are the same. People who say such are ignorant and they only say what they think. It's not worth bothering with those nonsense words. Ive seen one, but it doesn't mean that we also follow it, as he just got lucky to win the lottery, and we don't have the same luck to win that lottery. For others who are treating trading as gambling, that is for sure. I don't see or know anyone who got rich using that method because that is not a strategy; it is just a guess on where the price goes. Though you are right, we can't stop others from doing it, but for sure they will realize it later on. |
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It is close to impossible because they have already budgeted for it; for example, in slot machines, they already have those funds and still can run the casino. We know that casinos are businesses, which is why they earn a profit every day, which is bigger than those who win big. The only reason a casino can go bankrupt is if someone wins big and their money is only enough to operate their casino, but that is bad management, so it is still impossible.
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Manpower, or employees, is really the role of us—the work force to run the business or even the government, even if they are not regular on their work, is still a big factor. Let's say the contractual employees in government tend to finish a project without them; those regular employees in the government can't do it without them, as well as making buildings and roads. Any kind of stuff that needs people to build is because of us. Just imagine if all were rich. Who is going to do those things?
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And actually it also depends on the situation and condition of the person. If someone is having financial difficulties and even has difficulty buying food, the main priority is of course food. But if someone is in a condition that is financially secure enough where he can eat enough and has enough income to meet all basic needs. then someone is indeed advised to be able to save and invest for the future. because we must have hope and better financial conditions in the future. and we have to start planning and start investing from now on.
You are right, if someone is still having difficulty financially then they will not think about saving or investing. What they will think about is being able to eat every day, which is more important because it will sustain their life, but for those of us who have been said to have sufficient income and finances stable enough, you need to think about the future by investing in several fields while there is still money, so take advantage of that opportunity, don't ever waste it on things that are not important because one day it will be a regret when you are old you can't produce anymore. For me investment is important, while we still easy to have a steady income every month, plan to invest as early as possible, it doesn't take much, even setting aside 10-15 percent of your salary is good enough, especially in Bitcoin, of course there is a large potential for multiples. Investing and saving don't have to be in large amounts at once. Well we can set aside from every income we get every month. 10-20% or whatever that is as long as it's pretty cool money. then it could be a pretty good investment for our future. I personally prefer to make two types of investments namely Physical investments and Digital Investments. and for Digital investment of course in Bitcoin is the most suitable thing and what I also choose at this time. But again lucky on you that you have extra money to save and invest to if we follow the 10% on saving money from the salary is for sure we wont buy all our necessities as our salary is low. Though it doesn't mean that we save big, we can save what we can, but again, it takes time. But again, this is better than not saving, as in the future, if you see that it is best to invest this, then you now have money to put on it. |
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When paper money is completely phased out and replaced by CBDCs, our privacy is seriously threatened as they can control our entire finances, even with the smallest expenditures. Using privacy coins like Zcash or Monero will also not be able to guarantee our privacy if CBDC is the main currency of the world. I mean, we still need to convert crypto to CBDC, which is very easy to expose our privacy. I really don't want paper money to disappear, it's really not in our favor.
Yes, we will have to show everything that we have if it happens that governments will allocate some time so that the population has time to replace fiat money with digital money. It's a very bad script, I hope it won't happen soon, now it's more like a movie script. The elimination of paper money will not happen anytime soon, at least not in our generation, as we have a lot of elderly and disabled people who have difficulty using smartphones and the internet. But most governments are already preparing to release their CBDC, in the next 3 to 5 years, I think CBDC will be released in most countries of the world. CBDCs are no longer like a movie script, they are gradually coming into our lives, and that is inevitable. I just hope they can keep paper money for as long as possible, the two coexist side by side. The next generation would really be the cashless one, as you are right, a lot of people right now are not technically literate, which means that it is very difficult to use Bitcoin as our primary currency and that CBDC is really for sure a big thing, as we know the government is pushing this also and other governments are banning Bitcoin. Let's see in a few years what will happen. |
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A look at the price movements of Bitcoin and gold over the last 10 years shows how different they are. But if we think about safe investment, there is a lot of difference between the two. Holding Bitcoin has a much higher annual profit potential than gold. However, the risk here is also very high, but if you hold gold, the annual price change rate is low, but there is no risk here.So whether to hold gold or bitcoin depends on how much risk or profit he is willing to take.
If I think about the price of bitcoin and gold, I will invest in both. Because investing in bitcoin is very risky. And if we invest in gold, we will have a small profit. And it will become an asset for us. And if we If we invest in Bitcoin we will have the possibility of losing money.I think we can invest some money in bitcoin gold and if some time give us a chance to make a lot of money. A better plan is to invest in multiple assets rather than depending on just one thing. Because in this case, if one is lost, the other will back it up. Meanwhile, although Bitcoin investment is risky, investing in gold is completely risk free. Because the price of gold has been constantly increasing in the last ten years. even if the price of Bitcoin increases a lot, there are occasional major crashes. But this is not seen in gold. So it is better to invest in both Bitcoin and Gold Yes, I think so too. I will invest a little more in gold because there will be no risk in investing in gold. But investing in Bitcoin will be a little risky. But I think even if it is risky, I will get good amount of money from Bitcoin.But after investing in Bitcoin you have to wait for a long time. After investing in Gold it can be sold at any time at the right price. But if the price of Bitcoin is in a dump then there will be a lot of loss if you sell Bitcoin. Investing in Bitcoins requires you to hold it for a long time which will not help you in an emergency because if the price of Bitcoins is lower than your purchase price at that time you will have a huge loss if you sell. However, the price of gold does not fall very often and in times of emergency, gold can be saved from danger by selling it. So if you invest in both Bitcoin and Gold Bitcoin will give you a big profit if you hold it long time, and Gold will give you the profit as well as emergency backup. That is why the purpose of investing in Bitcoin is to hold it long-term because if you just sell it off in a year, there are big possibilities that it will be a loss. You need to hold it for a few years because, unlike gold, the value will appreciate over time, even if it is jewelry or anything else valuable. But for me, investing both as long as you have that capital is really good as the return in bitcoin is higher compared to gold, as we know that Bitcoin is very volatile and can make your investment times 4 or more. |
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Not just on halving time, but almost every day when the price of bitcoin drops, you'll see a lot of newbies crying and also panic selling because of its drop. The drama after the halving is for sure for those investors that are invested in it because they read that after the halving price goes crazy, which means they are expecting it, and then if they realize that it didn't happen like a week later, they then start selling their bitcoin and saying that the halving is not true, which just means that they are still lacking knowledge in Bitcoin.
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The thing that I often heard when I was at school is don't put something valuable in one place, if the place is damaged then we will lose everything, and the important thing we have to do when investing is always share it in many places, cryptocurrencies are very promising investments but have a high risk so we have to share it with other types of investment such as stocks, property or others.
That is also what I've heard in school coming from my teacher. For example, if you save some paper money (except coins) in your piggy bank, if something happens like a flood or your house gets burned, your money will also be gone, and they explain that we should put it in the bank or create a business that you can invest in because holding or hiding that money means that it won't grow, but the value is the same. |
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I am very disciplined, mostly in gambling. If I do not play for a couple of months, I will really not play, so I can really control myself in gambling. In your case, you can't control your urge to play, which is why you are back, and for sure, in your head, you want to get back your losses, which is really a big mistake when it comes to gambling, as for sure you'll lose more. Though that is somewhat addictive as you can't control yourself, I do suggest creating your own hobby so that instead of gambling, you'll play on your hobby.
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Round # 3 2. Economics 6. Exclamation Point Edit: This will be my last guess. Thanks to this game as it gave me an idea how to give back on this forum. Might do this also on the future like Christmas or before next bitcoin halving.  |
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not only in Nigeria, but also in other countries, land is a very important investment. Personally, since I started investing, saving and doing business, land is one of my goals. There are so many advantages of owning large land. even you can create a new business like gardening, then do export, or you make changes or apartments, and so on. besides, if the location is strategic, it can increase the selling value in a short time.
That is why others that can afford it are really buying lands, and it depends on where it is because they can have multiple businesses there. Also, mostly in the province, when they see that there are potential areas, they will take the risk to buy because it will not depreciate the value unless there is risk in the areas, but mostly right now, all of the lands that were forsale before were sold at twice their original price. If I do have money, I will really buy a land for business or personal purposes. |
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Why is money at hand difficult to hold? I usually find it difficult to keep track of money anytime I have cash at hand, I make plans to hold money, but It never stays because something always demands the money, it is even so bad now that money kept in my account is also now being affected due to expenses. This is not something that happens to only me, I know that because of how money can easily be spent, many people now decide to avoid having cash, avoid taking ATM cards from their banks and also avoid activating USSD or internet banking, but is that really a long term solution? I blame myself a lot for spending so much and being irresponsible with money, but in your opinion, do you think that the soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?
It is both society and yourself; you are having fun scrolling through social media, right? That is also one of the triggers that makes you an impulsive buyer; you spend on unnecessary and expensive things, saying that you are gifting yourself. That is why I've noticed it also in myself: when I see a new restaurant open, I go there to eat, which is sometimes not bad, but there are times that even if you are short on money, you can't control yourself from going there. Also, I've already restricted my fund transfers in my account to prevent buying online. All of this is still about our selves; we don't have control over things. One of the tips that I can give you is that if you are really urging yourself into something to buy, wait for 2 or 3 days if you still want it to be bought. Like, if I see a new release phone that is also budget priced and I am very eager to buy it as I've been watching videos of it and getting feedback, but if I really hold myself back and wait for 2 to 3 days, then I don't want it anymore because I needed to use the money for something else. Try to practice it. |
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The problem with cheating is that if you get caught, all of your funds will be frozen, and if the casino knows that you are a cheater at another casino, you'll be banned for ever, or even if you are playing fair, they will give you a hard time. Cheating is always cheating, and it is always a bad thing to exploit things just to be in your favor. My principle in life is that no matter how others cheat, I still play in an honest way. They may earn that money now, but for sure someone or something will get it back, and it will be more.
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There's not that much to think of demo accounts, they're good as testing features of the exchange where you're about to trade. And it's actually good marketing honestly. Because when someone new tries it out and he's winning into his demo account, that will make him encourage to deposit and later on do the trade. But we all know that the actual trading is entirely different from the typical that we know of. That's why those that have lesser knowledge in trading and are still new are likely the ones that are losing more.
Demo accounts are actually a big help for us especially for beginners who want to learn to trade without risking money. But know that live trading is a totally different scenario unlike when you are just a trading with a demo account. Your skills and strategies will be tested, as much as your emotions will matter a lot. And that’s the reality in live trading, at least you should be more exposed to it and let yourself experience losses that will eventually turn into future profits when you’re already a pro in it. Emotions are really the problem in demo accounts because you just treat it like you'll lose nothing. That is why others prefer to have the live demo, as they know that every entry they've made is a loss if they didn't follow the strategy. The demo is really useful in back testing your strategy because you know if it is profitable because if you do it in live, you'll lose a lot. It still depends on the trader if he wants to utilize the demo or live trading, as we learn. |
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Money is a very powerful tool that can be used to answered all things on earth. Without money there are a lot of good things in life you can't have access to, and without money the world doesn't recognize your person that's why every individual person on earth strives so hard to have it. Without money you can not have good health care, good housing condition, better education, almost every good things of life is connected to money that without you can't have it or be it and that's why it looks like money now rules the world.
I personally prefer to call Money does not rule the world. but I prefer to call money as something that is considered the most important and most wanted and needed in the world today. Everyone needs money to buy the things they need. and all work hard to earn money to use as a means by which to buy the things one wants. But yeah, you are free to think of money as anything. But still, it is ruling in this world, as people are always finding this because we all need to buy our necessities, and even others commit crimes just to have money. That is enough reason that while it is ruling the world, people also change when it comes to money; some go bad, but still some do good. Also, you can be powerful with money, like those people who are rich and control others. Though money may be powerful when it comes to tangible stuff, there is still more power in it if we just do it all, which is the power of love. |
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What platforms are you using? Is it Ponzi? HYIP? We need more information, as we really don't know why you've said that bitcoin isn't trustworthy. My best guess is that for sure you've invested in someone and you've been scammed, and now you are blaming bitcoin. Try to check the history of bitcoin and see with your own eyes if it is still not trustworthy. A ton of people invested in it, and a ton of people also got rich on it. You need to learn more about bitcoin. Try to explore this forum. You'll gain tons of knowledge here and see the real perspective on bitcoin.
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Bitcoin transaction fees, of course, are a demotivating factor. If you need to send $10 and you have to pay $20 per transaction, you will naturally use something other than bitcoin. I ran into this problem myself recently - and I had to wait for transaction fees to come down.
That is why the business owners that accept it have a really hard time receiving payments as well as sending them unless they just accumulate them over time, but still, there are businesses that accept it just for the awareness and curiosity of the people, and it is indeed successful for some businesses, but those are the businesses that are selling items that are expensive like watches, jewelry, and cars. |
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