Bitcoin Forum
June 06, 2024, 10:36:03 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 ... 76 »
1  Bitcoin / Bitcoin Discussion / Re: Don't you think you should invest in Bitcoin instead of burning your money in fire on: June 05, 2024, 04:46:19 PM
Yes, if we calculate what we have spent, I think it will make us regret it. This is just a mindset that is usually given by motivators to diligently save or invest. Unfortunately, the real situation is not like that. Sometimes we need something to make us feel better and more enthusiastic, and to make our minds feel fresh again. However, I agree that smoking can be detrimental to a person, because it has so many positive alternatives, especially at a young age.
Indeed, there is no harm in reviewing the expenditure that we have used for the needs we need and after that we will be able to realize whether the expenditure we have used has been appropriate for useful things or not and if we have found that our expenditure has not been for things that are useful for us. Of course we have to be able to learn it and we can avoid it so we don't spend money on things we don't need.

Yes, of course we need something that will make us feel better and indeed there are some people who think that smoking will make their minds fresher, but this can also damage our health if we smoke in large quantities and this also makes us have to spending more money to buy cigarettes and it would be better if we could reduce it so we can set aside some of the money we have so we can save and also invest.
2  Bitcoin / Bitcoin Discussion / Re: Do your parents invest in bitcoin ? on: June 05, 2024, 04:22:26 PM
Actually my parents are not believe in digital currency, because of their age, and I'm trying educate them about Bitcoin and how it works. But only what them want from me is proof, which I have invested little money I have and screenshot my buying point and print it out as evidence, while waiting for Bull Run market to sell in a higher price. Therefore I can't wait to invest for my children as a prosperous father.
It will indeed be difficult for parents to be able to believe in investing in something new like digital currency and they are used to investing in real assets, whereas when investing in Bitcoin we cannot see the physical form and only the nominal value that we can see and this will makes it difficult for them to believe because they are used to the investments they make, if your parents are interested in what you explain, of course this will benefit you when they make investments and you will be able to benefit from what they do.
3  Bitcoin / Bitcoin Discussion / Re: Why you should only hold Bitcoin on: June 05, 2024, 04:04:21 PM
It hard for BTC investors to be afraid of their hodling, because they know that it will going to pump in the future as long they are willing to hodl for bull run to occur before they can sell to take profits.

Don't allow anybody to deceive you that there is no risk in BTC investment,  but if you can take the risk to buy in the bear season which is a popular season people use to buy and hodl for years before they can sell to take profits from the risk they took.

There are some coins you can hodl, you will be profitable in the future but it will be difficult for all those coins to give you want BTC will give to you, because I have tested other coins before I concluded to remain in BTC for long hodling which is more profitable than others coins.
When someone has invested in Bitcoin of course they have a good understanding of what they are doing and it is also impossible for them to survive for a long period of time if they do not understand well the investment they are making and if someone says investing in Bitcoin is not There is a risk of course that people do not understand well about investing in Bitcoin and those who can take risks certainly understand it well so they can decide something based on the knowledge they have.
Choosing to hold Bitcoin for a long time compared to other coins is of course very appropriate because it is difficult to choose another coin that we can hold and make a profit.
4  Economy / Trading Discussion / Re: What your opinion? on: June 04, 2024, 03:42:30 PM
It is not right or wrong because it's individual preference. Someone who says it's wrong can go ahead to do the supposedly right thing and still not excel. My advice would be to know that losses aren't the end of the world. What I am saying is that you will lose money, and despite knowing that it's part of the game, it can be very draining and tiring to continue. But don't give up, unless you figure that it's not what is meant for you.
Every person who experiences a loss in the trading they do, of course, this is not the end of their journey in trading and it would be better for them to be able to learn from it so that they no longer repeat the mistakes they made. After they can correct the mistakes, they can try again to do it correctly. in order to get the results they want, giving up is of course not the right choice if they can still fix the mistakes they made and if they can't fix them of course they can stop so they don't continue to experience losses.
5  Economy / Trading Discussion / Re: Does trading belongs to everyone? on: June 04, 2024, 03:00:30 PM
Most times at the process of learning your trading you make money by holding and after you may have gain your bases then you can fund your account to continue your trading than trying to be in haste to make profits from trading, since everyone is on the move about trading you decided to follow that part with or without knowing trading is not for everyone. You have to discover your place in crypto-space if you noticed you aren't making progress in trading then divert to investment and, you must know the types of coin you will invest.

Not necessarily everyone likes the world of trading. because trade involves the activity of buying and selling goods or services with the aim of getting a reward. To get involved in trading requires trading or business knowledge if you don't want to experience big losses. Although in trading there are certainly risks, with trading knowledge, you can minimize the possibility of risks occurring. So, not everyone has the access or expertise to engage in trading.
It is true that not everyone will like trading because it carries risks if you don't do it well and correctly and to be able to trade and make a profit, of course we must first understand well what we will do in trading so that we can make a profit in trading. what we do and to have expertise in trading, of course we must first be able to understand trading well and after we understand, we can practice with a little capital first so that we have experience in trading.
6  Economy / Trading Discussion / Re: advice for a beginner on: June 04, 2024, 02:46:10 PM
Yes. Not everything is easy. If someone keeps on, they will understand the market better. Most times, we know the right thing to do when opening position but grreediness makes us do the wrong. So, not being greedy is also part of it even if one is able to command ones decision and ability to read charts.

For beginners, first learn the basic knowledge to control ourselves so that undesirable things don't happen. By studying this first before jumping straight in, it can make us more or less aware of what we are doing, so that we don't try without any basic knowledge. knowledge about what the city does, and also we can control our emotions so that they are stable and not rush into taking steps that end in disappointment due to our own mistakes because we did not base them on sufficient knowledge.
Self-control when trading is of course very important for everyone who trades even though they have traded and made a profit, because someone who trades without being able to control themselves will certainly do so with greed and this will be very detrimental to them. naturally.
When we understand well, of course we will be able to trade based on the knowledge we have and this will help us to make the right decisions on the trades we make and this will enable us to gain profits from the trades we make.
7  Economy / Trading Discussion / Re: Which sort of investor are you? on: June 03, 2024, 04:59:49 AM
If you think that holding coins for a long time is too difficult, you need to remember that you cannot profit in a short period of time by trading only. You can't win it every day like in trading gambling. Becoming a trader requires a lot of research, along with some necessary money. Without practice by investing money you cannot progress in trading even if you do not have enough money it is not possible to progress in trading. You can never make a profit with small capital. If you have money, intelligence and patience then you can succeed in trading otherwise go back to long term investments as your risk will be reduced there.
Of course, if we enter the world of trading, capital will be very helpful and quite helpful in speeding up the estimated value of our assets and of course, if it is done well and correctly, the value will also decrease.

For the typical long term, usually only certain people do it because they focus on taking profits all at once, if the pattern is short, they usually play for a short period of time, although if they accumulate the profits are also able to catch up like long term hodls, only the inherent risk is higher.
I think knowledge is also needed to be able to develop the assets we have in trading, by having knowledge we will be able to make the right decisions and we will also be able to gain profits from trading.
To be able to survive in the long term, of course we have to have patience with the assets we own, but for those who trade in the long term, of course this requires them to always monitor market movements and if they see that they have made a profit, this becomes a choice whether they will look forward to it. bigger profits or taking profits right away.
8  Economy / Economics / Re: Surviving in this economy needs a new minds set on: June 03, 2024, 04:38:04 AM
For me freelance, although it is amicable work, is not a stable job. I would recommend it for extra income but I wouldn’t recommend it to be your sole source of income. Only because I believe in the power of a long-term contract. I need assurance that a particular job will be mine in a specific period of time so at least I know that I will be getting a stable flow of salary until then.
You are right, as freelance workers, of course this is very unfriendly for them and of course they have to be able to save the income they have and also have to be able to manage the income they have well so that they don't experience difficulties when they don't have income.

By having several sources of income, of course this is very good, of course this will really help us survive in an uncertain economy. By having a long-term contract job, of course this will really help us and during that time we will be able to prepare if we don't continue with the contract.
9  Economy / Economics / Re: Labor is really the birth of happiness? on: June 03, 2024, 03:34:57 AM
A person can improve in his profession and there is nothing wrong. Probably not everyone will be able to work their entire life at the same job, but there are those for whom this is normal. This may depend on the country in which the person lives and on the person himself. Maybe he is improving himself at his workplace, or maybe work is not the main source of income for him and he views his work as entertainment and an activity for the soul. Maybe there is simply no opportunity to change your life and get an education. For example, a person simply does not have the necessary qualities.
If someone chooses to try another profession, of course this is very natural because they want to try something new because their previous job was very boring or the income they got from their previous job is no longer sufficient to meet the needs they need, of course they have to look for work. others who have greater sources of income to be able to meet their needs.
If someone does not have the qualities according to the skills they have, of course they must be able to find work according to their skills and it is impossible for them to work in a field that they cannot master.
10  Economy / Economics / Re: A lot wealthy people not smart they just use debt on: June 03, 2024, 03:12:52 AM
They are still smart if they use debt to leverage and increase their wealth. They generate more and new money through that debt and they're also paying that debt plus interest through that. Not all people can do that because many are scared of getting into debt so, if they're genius and able to do that, then it concludes that they're also smart people. They won't make a business that's profitable and have a system if they are not smart but it can't be helped because they are.
To be able to manage debt also requires intelligence because there are some people who decide to take loans when they need additional business and fail to develop their business because they cannot properly manage the loans they take, of course this will be a problem for themselves because of difficulties. in paying off their loans, what you say is very true, indeed not everyone can do the things you mentioned, of course expertise is needed in managing the loans they take.
11  Economy / Economics / Re: Our decision making is responsible for the outcomes in our ways on: June 01, 2024, 02:30:35 AM
Small income families have to calculate and run the family. If someone takes the responsibility of a large family and runs the family, he has to work hard and earn a lot of money to run the family. I have seen that in large families if one person depends  There are many sorrows and shortages in the family. In big families, a few manage the family together, but big families can run well.
low income and being a support for all family members is quite a complicated thing. It is not easy to live a life with a mediocre income because there are many things that you have to think about for a decent living. There is no other way but to create new opportunities and invite family members to try with their respective skills.
Having a low income and many family members who are still responsible, of course this will be very difficult to meet their needs, maybe it would be better for other family members to look for work so that they can help their family's finances a little in meeting their daily needs and Looking for skills according to our wishes is of course very good, of course this will be able to provide income for each of them and will not be a burden on them anymore.
12  Economy / Economics / Re: Young people are less likely to accept traditional employments in this era! on: June 01, 2024, 02:10:18 AM
you can't deny that change is happening, currently there are many young people who are very creative, they don't want to spend time in traditional jobs, many of them are successful in making money from the internet and if they are told to go back to traditional jobs then I'm sure they will reject that, increasing wages has not been able to increase the demand for young people to return to traditional jobs, young people, especially Gen Z, are already used to working comfortably and not getting tired.
Many changes have occurred so that the current generation is very accustomed to technological developments that make everything easier so that they prefer to work in front of a monitor rather than having to do work outside which is more physically demanding for them to work.
The ease with which they can earn a large income via the internet will certainly make them prefer to work in front of their monitors and this is not difficult for them, because if they do traditional work of course they have to work longer before they can get a bigger income.
13  Bitcoin / Bitcoin Discussion / Re: Is it proper for one to trade Bitcoin through a trusted friend ? on: June 01, 2024, 01:55:05 AM
Haven't nurturing this idea of trading a Bitcoin in the near future,but one question that's always come as a concern to me is. Is proper for me to trust a friend of that high magnitude ?
It is very appropriate if you entrust your investment to Bitcoin, there are many benefits that you will get when you make Bitcoin your investment, apart from that, the amount of Bitcoin cannot be manipulated, this is what makes the price continue to increase, Bitcoin is also a decentralized asset so there is a possibility of a rug pull. or scam is zero. bitcoin is the best investment asset right now imo.
Entrusting Bitcoin investment to other people is certainly not the right choice because it could be that the people we entrust do things that benefit themselves without telling us or they want to try it and they don't fully understand Bitcoin and don't want to spend capital and make money. The capital that we invest as a means for them to learn will of course be very detrimental if they make mistakes in the investment that we carry out together.
I myself find it very difficult to trust someone in financial matters and if we really want to invest, it would be better for us to prepare ourselves first by studying it after understanding it well, then we can try to invest in Bitcoin.
14  Bitcoin / Bitcoin Discussion / Re: Bitcoin Will always Survive on: June 01, 2024, 01:40:39 AM
why is bitcoin the king of coins and bitcoin always survives in the market in my opinion because bitcoin holders still believe in bitcoin they don't give up bitcoin, if all bitcoin holders let go of bitcoin then the throne of bitcoin will fall, you can correct me if I'm wrong.
Bitcoin has become very popular that's why there is so much demand for Bitcoin. As time goes by, more and more popularity of Bitcoin will increase and if the popularity increases, the price of Bitcoin will increase. People who use Bitcoin trust Bitcoin for which they invest in Bitcoin. And if  If you didn't believe in Bitcoin, you wouldn't invest.
Since Bitcoin first appeared until now, we can all see that the development of Bitcoin is very good and currently many people are trying to have Bitcoin as their investment because they know its advantages and will be able to benefit from Bitcoin and of course they do all that. for their future and if there are some people who don't believe in it, of course they don't understand Bitcoin well and also they haven't studied Bitcoin so they don't believe in it and will never invest in Bitcoin.
15  Bitcoin / Bitcoin Discussion / Re: Why Are People Not Interested To Listen To Success Stories Of Bitcoin Investors? on: June 01, 2024, 01:21:27 AM
@op - Well, if I must be honest with you, I did tell you that success stories mean to nothing in the world that we live in today, most especially in cryptocurrency, basically because one man's success does not guarantee that the next man will succeed as if he should start exactly what the other man is doing.
We all have very unique experiences when it comes to cryptocurrency and in investing so it’s true that doing something that someone else did will not guarantee you success. However I think it sheds a positive light on bitcoin and crypto. It shows you that this can indeed change your life however you should be careful and make your own research
What you say is very true, of course the experience that other people have in the crypto world may not necessarily be possible for other people to do and they will be able to get the same results and I think this is exactly the same as other things, because this also applies to other things. others and this really depends on their good fortune.
Listening to other people's success stories and trying it, of course this is not the right choice and it would be better if we could do our own research as you said and also have to do it carefully because this involves financial matters so as not to experience losses in crypto.
16  Bitcoin / Bitcoin Discussion / Re: Exposure to bitcoin at young age on: May 30, 2024, 03:23:09 AM
Gaining knowledge about bitcoin is never an issue regardless of their young age, but the problem is if these young guys are actually interested to learn about bitcoin. Because no matter how you push someone to be acquainted and be educated about bitcoin, as long as he is not eager to learn, he will still become clueless in the end.

I don’t have opposition if young guys are exposed to bitcoin, if they will decide to invest, let them be but as much as possible, they should get a job first before risking into any investment. And be properly guided as well before deciding to invest.
It is true that there is nothing wrong with those who learn about Bitcoin, whatever their age, as long as they have the desire and enthusiasm to learn then this will be very useful for them. I agree with you of course they must first be interested in Bitcoin so that what they learn can be useful for themselves. and they can invest for their future, have a job first before starting to invest, of course this is very important because it is impossible to be able to invest well without the income we have, if we are just trying it, of course there must be someone to guide us so that we can can ask questions about investment that we don't yet understand well.
17  Bitcoin / Bitcoin Discussion / Re: Don't advice anyone to invest on Bitcoin if he doesn't have Alt. income on: May 30, 2024, 03:00:44 AM
The bitcoin should be on purpose not because you were told, you got hyped, or you just keep up with it because you see a lot of people are interested in it, it's better and better that you understand what Bitcoin is and what it really is it can bring to human life in this age.

Because for others, one of the reasons why they invest in Bitcoin is because it is proven and tested in long-term investment, which for me is also true, second, there are as many merchants or companies in the whole world now really recognizes this as a mode of payment or investment.
That's right, it's not good for someone to decide to invest in Bitcoin because they're just following the hype or other people telling them to, of course this will be detrimental to us if we do that and it would be better for us to understand it first before deciding to invest.

Investing in Bitcoin has indeed been proven and they will benefit from holding Bitcoin in the long term, the large number of large companies that have used Bitcoin certainly makes us more confident in choosing to invest in Bitcoin in preparing for a better future.
18  Economy / Economics / Re: Money addiction on: May 30, 2024, 02:45:08 AM
Money is everything, in this generation being poor is not an option or something any one will want to see himself into. Many are going for it legally while some are embarking on it illegally, all in the same context of earning a living even the means of earning the money is limited and this is contributing to why people now choose a more dangerous source. Living a luxurious life should be everyone's dream but that shouldn't encourage us partake in illegal deals, as the punishment won't be reduced based on given reason as to why commit such actions.
Everything we need of course has to have money so we can pay for it before we can get what we want. Without money, it's impossible to get it. Currently, there are some people who use various ways to get money, and there are even those who are willing to do it. Illegal ways to get money and this will really depend on a person's choice and most of the illegal ways will make it easy for them to get money but have big risks and if we have to deal with security forces we could lose all the money we have have.
Everyone certainly has the desire to live in luxury, but if they choose illegal methods, of course they have chosen the wrong path and they will not be able to survive for long with the luxuries obtained through illegal methods.
19  Economy / Economics / Re: Take care of your money and learn to save. on: May 29, 2024, 02:05:17 PM
Continuing to save in various situations of course this will be difficult to do and if you can do this of course it will be very good, but if the income we have is only enough for the needs we need of course it is impossible for us to save and we must be able to have additional income so that we can save and to be able to have additional income, because it is impossible for us to save without having sufficient income to meet our needs and only then can we save, refrain from spending the money we have on needs that we don't need of course We must be able to avoid this so that we can still leave some of the income we have after meeting basic needs so we can save and for those who are disciplined in managing their finances well, they will certainly be able to have savings.
Actually the basic formula for saving depends on monthly income, I use a simple formula to calculate the allocation for savings, the formula is "monthly income - routine expenses - other needs expenses (optional) = remaining funds for savings", the points for other needs expenses are not routine needs expenses so I don't have this expense every month because I focus on increasing the allocation for savings funds.

However, someone can save if their monthly income is above the average routine expenses. If their income is below this amount then they cannot allocate funds for saving. The solution is as you explained above, they have to work hard to increase additional income from other jobs.
You are right, if we don't have an income it is impossible to save and I am interested in trying what you have said of course this will be very useful for me, holding back from not having needs of course this will help us in having savings and of course a sufficient income we have been able to fulfill the routine needs that we need.
It is indeed impossible for someone to have savings if their income is below their routine expenses.
20  Economy / Economics / Re: Would you prefer getting a loan for a startup or getting an investor? on: May 29, 2024, 01:47:10 PM
It depends on the person. If he has a business that he wants to build and knows that it is very small, it is better to just get a loan and use the loan to start the business that you want, because we are the only real ones. Who knows if we can really turn the business around or grow it?

Now, if you are worried about turning it around properly just because you heard that the business is good or trending now, I think it is better to find a business partner or investor; he is the capitalist, and you are the one who will manage the business, and it is in agreement with you where you agree.
It's true, in this case it really depends on the person running the business, if they need capital and know very well that the business they are building will be able to run well of course they can take out a loan and must be able to pay off their loan.
If we ourselves are still worried about the business we are running then it is very unlikely that other people will be able to partner or invest their capital in the business we are going to run.
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 ... 76 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!