Saving really is not enough because you might save money and the value of money in future might drop.saving is one of the most difficult thing to do. Instead of saving money, go and invest into small business you have an idea on. If you save one hundred thousand naira for one month and another person invest same amount of money, the one that went into investment will have more profit than you.
You are right, just saving is not enough. Because inflation reduces the value of money to a large extent. But many people are not ready to jump into investing immediately, because not everyone has capital. So some people first need to create an amount through savings, with which they can start a small business. And instead of saving money assets can also be created by buying gold or land. Instead of saving money, if those investors keep saving Bitcoin during that time, the size of their assets will continue to increase. If they save fiat and keep it with themselves or save it in the bank, its value will gradually decrease due to inflation. The possibility of Bitcoin's value increasing is very high. Being a decentralized currency, it is not influenced by the government of any country, so the impact of inflation is much less.
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Pakistan batting is a huge disaster. They do this again and again. Their morale is very low and not suitable for cricket. India will win the final and win the trophy, it is pretty much certain.
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I have been saying by by 4 year cycle for over six months. Let's see if i am correct.
Did you mean bye bye? Only what I think is the price fluctuations to reduce but bitcoin may still make it down to $75000 or down to $60000. Investors will have confidence and the price will later increase and get to ATH. I have a lot of doubts about whether there is any possibility of this happening. Or if there is more dump,..... sounds ridiculous. The most probable DIP flowing of this time, you are dragging. In the future you will only see this price of Bitcoin on the graph. Which is leaving now.. https://x.com/binance/status/1971666136837116140
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Atletico Madrid 2 Vs Real Madrid 2 HT What a first half game, very interesting to watch. 4 wonderful from both teams. I'm just wowed with the game, as I said earlier, this game is probably one of Alonso and his men true test this season so far. I knew it was never going to be easy for Real Madrid as some persons thought simply because Atletico Madrid hasn't picked up form so far this season.
This is one of the best performance of Atletico Madrid this season they have not been very good this season but meeting Real Madrid they look like they have realized themselves and they are not taking any chances that would see them losing the game today and it's reflecting in their performance, they took the lead earlier but Real Madrid get passed them and made it 1:2 but they finally bounced back and equalized before the halftime just to show that they are not ready to lose the game. Atletico created more big chances in the first half but couldn't dominate in goals the second half will be another opportunity for them to stop Real Madrid else Real Madrid will record their 7th win in 7th matches played. Yeah, it's their best performance so far this season yet and the match isn't over yet, we still have 45 more minutes of intrigue and excitement to watch. Atletico Madrid at some point looked like the better team in the first half, let's wait and see what happens in the second half. Both teams have the chance to win but as it is in the game if football, only one team can be the winner. Either one wins or they settle for stalemate. Edit Atletico Madrid leads 3 - 2 What's happening in the second half, Real Madrid is lagging behind with a porous defense. They have conceded two goals within 25 minutes. Julian Alvarez has scored two goals in the second half. First was from a penalty kick and the second was from a beautiful free kick to make the scoreline 4-2. I wonder how Real Madrid think of equalizing these two goals. Atletico Madrid needs to win this match. Real Madrid are showing huge weaknesses in defense like last season. They have become even weaker in the second session and are trailing 4-2. I think Atletico Madrid will win today's match.
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This is the best way. Start small and make sure you know how much you are willing to lose and be prepared to get bloody. I was able to get out of the gambling phase of trading in a very short time because it works like a huge trap. From the outside it looks like you will make a lot of profit but when you buy it will lead you to losses.
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Poverty & Bitcoin Growth in Nigeria. Why is Nigeria a country where over 133 million people live in poverty is also one of the fastest-growing Bitcoin markets in the world? 🤔
Could it be that poverty itself is the fuel driving BTC adoption? Let’s unpack this 🧵👇
The great effort of the Nigerian people to get out of poverty is the biggest fuel for the adoption of Bitcoin. The government of our country is more responsible for this by capitalizing on the poor and they are burdening the people with the inflationary situation and the people of the country are becoming more poor. And the people are making strong efforts to find alternative sources of income and change their financial situation and this is still going on. More than 10% of the people of Nigeria are involved in adopting cryptocurrency in some way. The struggle against poverty is going on to change the financial system of our people and it will increase in the future.
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If someone had told you during 2015 that Bitcoin will exceed over $100k one day and you should invest in it as at then. Would you have believed?
I think it was logical for us to be skeptical. At that time, we didn't have any decentralized currencies. Most people hadn't heard of Bitcoin. So it seemed unbelievable that a Bitcoin could surpass $100k in such a short time. I didn't believe it.
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Most Bitcoin holders will be tempted to sell out of panic and Bitcoin's uncertainty, and these has always been the problem but I'm never tempted to sell because I have a target at the amount of profit I want to make, call me greedy but it is my Bitcoin and I only sell when I choose to sell regardless of what everyone is doing. I have only started holding Bitcoin not too long ago and with its rise in price now compared to a decade ago, I will be holding for a long time because I know investors that bought it at a very cheap rise will be smiling now that it is way above $100k.
Yes, Bitcoiners are panicking at the current market conditions, but I think it is not a good idea to make an emotional decision to sell at this time. I would not sell in such a situation even if I am just panicking, because I know that the market will double or triple from the current level. If I can survive or stay away from such a situation, I will get a much higher return than what I bought with. I think if someone holds on for a long time, they can increase their money spontaneously without any effort. Your observations and depth on the price of Bitcoin are extensive. The current price situation may be a panic for a certain number of investors but Bitcoin is not a panic asset it is a store of value and is considered digital gold. I think there is no panic situation yet in the current price situation of Bitcoin. In terms of Bitcoin investment, I have taken a target such as a four-year cycle or more. I am determined to continue buying Bitcoin no matter what the price situation is during this period.
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The demand for Bitcoin is exploding. Michael Saylor said there will be thousands of Bitcoin treasury companies around the world. His prediction is gradually becoming a reality. The first corporate holder of Bitcoin is his company "MicroStrategy". His expectations about Bitcoin will gradually be fulfilled. https://x.com/BitcoinMagazine/status/1968324491442065802
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 The scenarios are not really fantasy. It could touch $150k by November this year. This would be a minimum touch that if $180k is reached by this year
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I'll be honest, I started with the much hyped memecoin but I ended up buying it and was in a very depressed state for a year. I'm still looking for a way out. In the long run, Bitcoin has done a great job of restoring my faith in digital currencies. Most altcoins seem like scams to me.
If you bought Bitcoin when it was priced below $100k a year ago, it will make you profit now. But for altcoins some are still trustworthy such as ETH, BNB, SOL, XRP, and have even reached new ATH at the moment with quite a good increase in recent months. But of course don't get into any memecoin if you've already gotten heavily traumatized, it won't give you an advantage in the end. Diversifying your portfolio is necessary to provide more options and benefits, but you should definitely choose the top recommended altcoins. The current market situation of altcoins is looking attractive at the moment but I am not at all worried about holding Bitcoin because of the peace of brain. I have noticed that the coins you mentioned are pumping heavily and moving attractively and I think they may provide high profits in the future. There is room for doubt whether these coins will be able to maintain their progress in the future. But still I do not doubt the potential for Bitcoin to increase in value in the future. You are right, I think those coins will not benefit me in the end.
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Maybe they realize that if they didn't adopt they might missed lots of opportunity on Bitcoin.
Surely JPM want to capture opportunities with Bitcoin. The important thing is that probably those opportunities are still measured in USD terms, rather than in BTC terms. Thisi still is a major flaw in the way most are reasoning. JPM boss Jamie Dimon may not know that the dollar value must be collapse in the future. The global dollar's reign is almost over. The world is desperate to find an alternative system. The number of countries holding Bitcoin as a strategic reserve will increase in the future. It will not be possible to stop Bitcoin rapid run.
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When the economy of a country has fallen, the economic situation of the country is against the wish of the citizens, leading to so many anomalies in the country. Fallen economy can lead to economic instability causing hardship in the country, it can lead the citizens to engage into committing series of crime as a way out for survival. So what can you say concerning this fallen economy, is it caused by the citizens or the government?
Economy is managed by the leaders and a fallen economy is a product of bad leadership. Leaders apply policies and implementations that sustain the economy and when they apply bad ones the economy would likely collapse. The citizens also contribute to the fallen economy when they elect bad leaders into political offices. You are right. The main reason for the decline of a country's economy is its bad politics and the elected members who are elected by the citizens of that country. The economic situation continues to decline due to lack of competent leadership and not evaluating the talented people. Blaming the citizens may not be right most of the time because the expectations with which they elect the leaders and send them to the parliament, they become corrupt and work for their own interests instead of working for the interests of the citizens.
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-snip- Meme tokens are dangerous but the bottom line is even you get profit with one or two meme tokens, if you maintain risky action style and don't secure your capital, you will lose it easily and even very quickly later.
What you said is true, I experienced it when getting a lot of profit from 1 or 2 memecoins it would just disappear in another memecoin quickly and even not stay at all because it was so risky. If you can stop at the win of 1 memecoin and leave the memecoin, investing in Bitcoin or altcoins would be better, but the thought of investing elsewhere is really unthinkable because you already feel that you can make more in memecoins, but in fact more losses occur. I learned from that mistake in the past and won't repeat it, enough to stress me and mentally disturbed by the huge loss in memecoins. I'll be honest, I started with the much hyped memecoin but I ended up buying it and was in a very depressed state for a year. I'm still looking for a way out. In the long run, Bitcoin has done a great job of restoring my faith in digital currencies. Most altcoins seem like scams to me.
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It's no longer news or new thing how inflation has ravaged the globe, especially that of Africans and things are getting more expensive every day by day. Usually, when things are getting tougher there should be ways of preventing, reducing or economizing things to suit the current economical situation. Most times things gets unusual high in the market, and what you would buy today in the market or at the supermarket will doubled and like, I will be how? Just what I got last few days has doubled? Again, money doesn't have any value what you think could sustain you for a week is no longer taking you to 4 days. So, I want to ask over here to know the ways or technique you uses at home to reduce and save cost.
You raised a very good topic that's hitting so Many societies and developing countries today. Cost of living is becoming very high, and it's true that what you bought today for a certain amount, going back there tomorrow go get that same thing, the price has increased, which is making things difficult for people to cope with. To manage cost isn't actually based on human satisfaction, but here are method I feel could actually help save cost, by budgeting, when I say budgeting I mean planning how to spend money wisely, trying to meet up your needs firsts and putting your wants aside, buying stuff in bulk when you have the money it actually helps reduce cost also because buying, one by one is actually more expensive that buying in bulk, avoid food wastage is also very very important. Inflation, rising prices of commodity, depreciation of real assets, and rising cost of living all of these negative effects wreak havoc on our personal finances. It is difficult for families to meet their basic needs. Instead of buying in bulk, small purchases can help reduce our expenses. For example, if we don't buy a whole item at once every month, we can divide it into three parts, so that we don't spend too much money at one time. We can save money to buy other essential items later. We should have money to manage our family and spend it wisely so that we can get out of the financial crisis now and have a strong financial future.
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Large Volume this morning! However it seems that a group of whales may be pulling back. Keep accumulating Bitcoin, they won't be able to stop this advance in Bitcoin price for long. Another ATH is imminent.
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This period isn't an easy one lately for everyone and like you said, the price of things kept changing per day and makes it unbearable for even the least man to provide for himself.But come to think of it personally growing some farm produce would help out in this situations and there would be availability of what to eat or sell out to make money.
Having a small garden could help. You could grow some vegetables and some fruits that are regularly eaten in your household and the society. That way, you could have a good quantity of fruits and vegetables and some to sell if you'd be willing to make some little money on the side. Or one could simply get another job. The hours can be exhausting working two jobs but perhaps it may be necessary to incur a second job to withstand the brute force of inflation. There are some poor sections of the society who do not have any land to cultivate, they live below the poverty line which the middle class or the rich cannot even imagine. What arrangements will they make for their livelihood? They depend on some government allocations or earn their living by selling their labour every day. Except for some areas of the city, there is no provision for getting work in the rural areas. The wheel of inflation has crushed them in such a way that they cannot eat every day. They are not educated enough to get any work.
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https://x.com/BTC_Archive/status/1965024775387885835Kazakhstan's President Kassym Jomart Tokayev recently ordered the creation of a strategic Bitcoin reserve. This will be managed by the investment arm of the country's National Bank, under the digital asset will be considered important for building a strong reserve alongside a centralized financial system.
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