A person decides to get insurance if he thinks that his future financial condition will not be very good and he will not be able to afford his medical expenses if he falls ill. Insurance is usually of several categories, some are medical insurance, some are accident insurance and some are life insurance. Life insurance is likely to be such that if the person insuring the life insurance dies before the child reaches the age of majority, the insurance company will pay a larger amount to the child, and if the person dies after the child reaches adulthood, the amount The company will return the money deposited in the company to his family. I don't think insurance is that important to me in my current context but if I ever think I should have insurance I will consider it.
Life insurance does provide guarantees for something if we die, so that our descendants don't have economic problems, because they get a bigger return. However, for me I prefer investing in property rather than carrying out insurance, because insurance is a company and however something undesirable can happen, unlike investment, we can manage it ourselves and can use it at any time, according to our wishes. |
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Bitcoin is indeed an investment opportunity, where the increase can exceed the increase in property. However, risks must also be considered, therefore we must have prior knowledge, so that we don't make the wrong move. The value of fiat will decrease due to the rate of inflation, therefore, to save assets, choose investments in strategic areas where the increase can exceed the inflation that occurs, even double.
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As someone who experienced living paycheck to paycheck, you have no choice but to time your buys (especially the essential ones like grocery) during from when you'd get paid. If you drag it out in the next few days and let other expenses take your focus, you're literally leaving out the chance for you to buy those things you wanted. And I don't really care about the economy at this point cause to some people, these simple things in life are what gets them going, and while this is not going to fare in the long run, it's not as if these people didn't know this yet.
Let people enjoy things, but be compassionate enough to inform and empathize with their situation. It's hard to live and get by on a budgeted basis from a salary that barely keeps you alive to begin with.
It's true, but it's very different from society's view if they see us earning a salary but still living in poverty and always considering this to be impossible because we see it visually. On the one hand, the family's needs must be met, on the other hand there must also be daily costs for traveling to the office and if we count, only 15 days can survive with the total salary we earn in one month. Yes. that's life and live it with a happy heart. but no matter what, life has to go on, the necessities of life seem to continue to rise, while our salaries don't follow suit, so it's true that in the middle of the month money is running low, sometimes there isn't enough until the end of the month, but we can still survive, from there I'm surprised, luck really isn't enough. It can be calculated mathematically, unlike salary, as long as we are willing to try we must be able to survive with changing situations |
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Without a doubt I can see why those that are just finding out more about this market may be interested in altcoins, since not only altcoins have in theory the possibility to grow at a faster rate than bitcoin due to their lower market cap, but they also offer those people the opportunity to invest early on their development, and it may seem as if they have the chance to make it big with those coins, but we know that often there is nothing which can sustain the growth of those coins other than hype, and anyone interested in remaining invested in this market for the long term should simply avoid altcoins and invest in bitcoin instead.
Altcoins always involve increased risks, and it all depends on how much you are willing to invest in each coin. I repeat, Bitcoin is a fundamental investment in which you can invest a fairly large part of your portfolio, but if you want to invest in altcoins, then you need to allocate only a small part of your funds available for investment. In addition to the fact that altcoins can show greater growth compared to Bitcoin, they can also show a disproportionately greater decline, so you always need to assess the risks and understand that investments in altcoins may be lost. The greater the expected profit, the greater the risks. In short, the higher the profit, the higher the risk, everything has its price. If people like thrills and are willing to take risks, they can also invest in altcoins to seek high returns. Bitcoin is actually a pretty safe investment and the profits are also very significant, but I think it is not wise for us to focus 100% on bitcoin because we will miss out on some opportunities with altcoins. So, in my opinion, we can allocate 80-90% of our capital to invest in bitcoin, the remaining 20% we can try with altcoins to find bigger opportunities. Indeed, investing in Bitcoin alone is safe, but by choosing altcoins we will get bigger profits. for me it would probably be bigger to allocate to altcoins with a division of 60% for bitcoin and 40% for altcoins which I would diversify into several top altcoins, and a little capital for new altcoins which I think have good prospects, so I hope they are still in safe category, even though you dare to speculate with higher risks |
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I will say learn from the best and those who have big and large amounts of Bitcoin.
Micheal Saylor, El Salvador President, Robert Kiyosaki and those you know are real in for the uprise of Bitcoin, they want to see you hold than they want to see you trade your coins.
Sowhy not adopt the same way they go. If you can not buy the way they do to accumulate and increase your holdings don't panic just make sure you have something doing as that wouldn't lead to you pushing trade your Bitcoin.
People trade for profits too, the question now is are your chances of profit accumulations sure?
You know in truth that bitcoin holdings are very favorable in the long term for millionaires. But for people who are not like them and who also want to hold Bitcoin, it's fine too, but don't expect them to get rich from Bitcoin because it's very expensive at the moment if a holder who is not rich but wants to get rich in Bitcoin thinks. But holdings are really the best tools for long-term investment, not only in Bitcoin but also in other top cryptos in the market. especially for people like me who have a real job which is tied to work time, so it is more profitable to make long-term investments, from there the real job is not interrupted and I can make money from the results of long-term investments. I hope that I can be a retiree in my old age, considering that currently I work in the private sector, I actually want to learn trading too, maybe I will start small and learn to relax, so that as time goes by I have trading knowledge too |
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People get into trading because they want to make money. That's a reasonable and understandable goal. Who doesn't want more money in their pocket? However, trading is not an easy game. The financial market is a complex and volatile place, and there are many factors that can influence the price of assets.
Many people get into trading because they have heard about others who have been successful. They see these people making a lot of money and they think they can do the same thing. However, they do not see the hardships these people have gone through. They don't see the times they lost money and the times they struggled to make money.
Those people never knew that those successful traders had paid their dues before reaching the top ladder they had made a lot of sacrifices and failed on several occasions, faces many challenges of complexity of the market consequently incurred losses in trades yet they persevere and continue to learn, gathered and gained more experience in trading thereafter their efforts yielded positive results, unfortunately many new traders who wanted to follow those paths never wanted to learn and sacrifice their time and efforts but wanted to start earning quick profit that is why 95% failed. Indeed, the main thing needed is a strong mentality in learning to trade, so that every failure must be evaluated so that the future will be better, therefore experience is very important in trading, many of us get discouraged in the middle of the road, so we fail. The market moves erratically and has a certain character in each condition, so we need to understand it, therefore a process is needed in learning trading |
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That is a great summary for anybody that tries to buy the exact bottom in a bear market. I have tried it myself several times in the past and never succeeded, it just seems impossible to find the point in time when all the investor decide that the crisis is over and now it's time to buy again. It involves a lot of research and luck to make the right call and we should be asking ourselves if it's really going to be worth it. The longer we wait for prices to fall to the bottom, the higher the chances that we are going to miss out on the recovery. That is also why DCA became such an interesting method to use for our purchases. Buying fixed amounts of Bitcoin over a long period of time enables us to take advantage during longer bear markets and our average purchase price is still going to be good. I have been buying Bitcoin all throughout 2022 and stuck with the DCA method instead of making one large purchase at the bottom. The advantage is also that I have free money each month that I don’t spend from my salary which I than can invest in cryptos. Spreading out my purchases over a longer period of time takes out a lot of pressure from finding the optimal purchase price and I also don’t have to invest so much time on research.
Yes this is definitely the issue for so many people, who shouldn't do something like this. I mean it's obvious that it's not going to be that simple and yet some people still end up with these type of mistakes and they wait for too long. If you wait for too long then you end up missing the point of why you wait and that causes a lot of trouble, I believe that it's not going to be something that will make that much change. I hope that it gets to a point where we end up with a better result. I think the best thing to do in this case would be making sure that we end up buying a bit now, even if you want to wait more, at least buy "some" now so that you would be doing a bit better on the long run and could do a lot better. The initial goal becomes a benchmark in implementing the strategy that we will carry out. If we plan to make a long-term investment, of course buying now is very profitable, but if we just wait for next season's bull run, that will also be profitable. Don't be afraid to buy just because we are waiting for the lowest price to buy, because no one will know. , unless we buy in stages which is likely to get the lowest price |
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I think if someone is confident in Bitcoin and knows they will be able to make big profits then there will be no other investment they will make other than Bitcoin.
Personally, I think and do that, the main goal of investment is to make a profit, so why do other things that may not necessarily make a profit, whereas we already believe in Bitcoin.
That's not wrong brother but majority of the investors are diversifying in other investments as well. But focusing isn't bad and wrong as well, so if you think that you'll do better focusing bitcoin and won't expand your investments when you profit from it, that's okay. Yes, that's true regardless of real estate investment because real estate is an investment in the future in real life.
And that's what I am talking about, if you profit from Bitcoin, it is okay to do other investments like real estate. You're just making your money work for you in several ways. To make it simple, the decision is based on our personal preferences. Some may just stick with Bitcoin and some will choose to venture out to different investments. The thing is, whichever we choose to do we all have one goal in mind and that is to make a profit to attain financial stability. There is no need to put others down if they do not choose the same path as you do, we all have different perspectives and are in different situations after all. There's nothing hidden under the motive behind every investment as to make profits, people take this risk in it to ensure that they make an ibves then also try to give it time to earn it's return, if we are not so quick in decision or about having the outcome to what we've investment, there will always be an opportunity for every investment made, be it on bitcoin or other assets as long as they are going to yield us a profitable return on investment. Everyone has their own understanding in determining where to invest, therefore we cannot force them to be the same as our thoughts in choosing investments, as long as what they do is comfortable and profitable, I don't think it will be a problem. In fact, everyone has a specialist field in various kinds of science, and if you can master one of them, you can use it to earn money to support your life. |
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According to the title I don't think one who has lot of money can resist that temptation not to spend.
In as much as you try your possible best to control the way you throw cash on things just to leave a comfortable life you'll still have that crazy voice in your head say "you can still get it in less than 1 day".
To me I think is only those who knows how hard it is to get those funds are the ones who can have that discipline and avoid over spending, a poor man can't start spending cash lavishly knowing quite alright that it will take him like 3 months to get to that certain amount, like that's not possible for someone who doesn't have much.
Isn't it a natural cycle that should occur? Where the wealthy should promptly spend their money at stores or in the market so that money can continue to circulate for the benefit of others. If the rich were to save like the poor, the flow of money would slow down, causing economic imbalances. We are indeed taught to save and be frugal from a young age, but I believe that's circumstantial. Wealthy individuals, please be generous, and those with fewer means, avoid greed. If the world operates in this manner, I am confident that everything will be just fine. Accumulating money is not an effective way to protect the value of that money, therefore it is better to spend money to protect its value, just like investing, so that the money in our hands is only limited to supporting life's needs, and let the money we previously spent work. that way the value will not shrink and we will even make a profit in the long term. But to achieve this, of course we have to have knowledge before spending money in the right way |
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I hope you have a better understanding the differences with gambling, business, and investment. everything what you don't know about and can't control it's gamble
This definition of yours about gambling doesn't make any sense. I have seen gamblers who bet on their favourite sports as they find it comfortable betting on a sport they know about, so they know what they're doing. Business owners don't just start their business without knowledge on the business model they want to pursue. Investors doesn't just place their money in an asset they don't know about. Do you know what is the one thing they have in common? "Controlling the outcome". Gambling in my favorite sport in my opinion is a hobby, so it is difficult to get rich from it. for example, betting on football, so there are only 2 possibilities of winning or losing, and of course not every luck comes from every time we do it. Therefore, what can make you rich comes from the bookie who coordinates with the gamblers. Therefore, it is better to build a business that can be done in stages on an object |
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A new member needs to know a lot about investing. If a new member enters the business without knowing or learning about investing, he will definitely lose his money. Besides knowing and learning in the first stage, trading should be done with such amount of money that you will not know your profit or loss by trading, a new member should trade with that amount of money only to improve trading skills. In new situation if we want to start trading without learning and knowing first then we will not understand anything about the market only we can take trading on guess which is very risky for our money. So first spend time learning and then apply that learning to trading.
I done this 2 years ago when i was just learning to trade and control emotions, I traded with my pocket money and blew my account many times and learned and hard earned experience which some people gain by losing their savings and huge amounts. I consistently make small profits now and I never think of quitting trading because market took my money and i will take money from market slowly. One reason why many traders have failed is because of their greediness. In trading, we also have to know contentment and we have to accept small earnings because we are not controlling the market nor it give a favor to us every day. If ever we get $100 today, we must be happy with that because we never know that by tomorrow we also lose $100. In fact, as a beginner, we can't expect that we are to earn right away but rather be expecting to lose. However, on the other sides, we are also earning from it, and can be useful as we continue our journey. Greed is indeed the main obstacle for a trader, who is not satisfied with the profits he has achieved, so wanting to pursue even greater profits is even illogical. If it's like that, it means the same as gambling, we will suddenly get rich or fall into poverty, but if we continue, we will lose in the end, because luck will not come continuously. therefore learning to repair and maintain our emotions is very important |
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If you want passive income, I recommend staking your funds. I believe now is a fantastic moment to stake because cryptocurrency prices are too low. Staking is superior to investing since you can earn more tokens while keeping your assets. If you acquire Bitcoin or altcoins today, you can profit more when the price rises. In my perspective, we are already in a bull market. However, because we are in the retracement phase, it is not too late to buy; we only need to figure out what the potential swing point is before the price continues to rise.
Staking cryptocurrency is not really profitable actually when staking with altcoin have bigger risk with lower price later than how much profitable earning, I don't know which one efficiency way with low risk for passive income in cryptocurrency. Although staking stable coins most most recommended but waiting for one year under 10% profitable earning. I am looking for passive income but have higher reward than staking stable coins due trading or investing not promising consistency earn profit every time, right now less coins give excited staking reward actually with new coins first time listing in the market. Ability as soon possible take moment with staking in coins have bigger staking reward and take profit before their hype moment over and still on stable price without have loss much. It's true, beginner coins will be very profitable if they increase in number, and then the price explodes, but we also have to know the risks. But it doesn't matter if the coin price is cheaper at the start and we can use our pocket money to buy it, while waiting for our luck, especially during a bearish season like now. actually staking will be very profitable during a season like this, considering that during bullish times we will have more coins to exchange |
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At start nobody can analyse the market so they actually take decision by following the signals provided to them by experts. Sometimes with a single jerk person forget the benefits and left trading but they should be familiar that acceptance of such sudden jerk will make them strong.
No individual can start trading without knowing how to trade that's why it's important for we to learn trading from other professional before we start trading. Depending on signals isn't the best way to go as it can distract you from the main reason why you wanted to start trading. You don't benefit from signals but can only make money from them and you don't know how long the signal will keep coming and still profitable to you that's why you have to learn to trade on your own. You can make a life by day trading but to do that you have to be trading on your own because you can't depend on others and expect to make profits always. Those in charge of the trading signals won't be right always and you don't gain any experience from those signals. Unfortunately, there are a lot of people doing it and failing which is not the thing they are supposed to do. Well, for now, I believe that everyone has already learned from the early traders and from their personal experiences as well. I can say that day trading is too risky and pressured (maybe for me) but we can do it rightly and place orders in timing if we are really good at TA and chart readings. Somewhat I can say that if you really have a trading skill, earning a profit daily is possible. At first, the expectation of retiring from real work once you get to know trading is experienced by most people, but in reality not everyone can do it to meet their daily living needs, because most of them fail, and only a few people can do it well. . If we are still discussing the best techniques, I think we have to increase learning about trading, because it is a characteristic of just entering the world of trading, because the most important thing is psychology in daily trading. |
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Bitcointalk Username: fauzan Ichsan
Telegram Username: @ichsanfauz
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Whisper MSG Wallet Address: 0xF0797885deeCc59EAD33b85e7FAF74C9e0426972
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You know just because a "crypto bull billionaire" predicted that the price will hit new high soon, doesn't mean it going to hit, right? All he is trying to do is convince people that the price will hit a new all time high so people start FOMOing and start investing right away. No crypto billionaire in the world can exactly predict when the price is going to skyrocket or hit a new all time high. You will notice that almost all known "crypto billionaires" are always optimistic about the price in the upcoming days.
Well, the point isn't to take their prediction at face value, the point is that the market sentiment is still on the positive side and that the big names in cryptocurrency space still trusts bitcoin which enforces a wave of fanatics to reaffirm their belief that bitcoin will still be able to get to a new ATH. And it's not like it's a big deal that they're saying these stuff, if you don't like what they're saying then don't believe it, they're just words. what they say can happen or not happen, in essence it is just a prediction, but for those who are influential, of course their words are important because they will create a fomo wave which will eventually cause a pump. just like Elon Musk when he said, so many people will look for answers to follow his words, especially during a long bearish season like this time, it can happen that a word becomes a signal that can move the market, but basically many people know that bitcoin will print new ATH, but when that happens no one knows, because bitcoin has spread a lot, the fomo wave seems to give an order to act in one direction |
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during the bearish season like today to make a profit maybe we can do it by trading, where there are no season restrictions, but it is also risky, and more risky than we invest. or if we don't hold it until the bullish season comes, in the cryptocurrency market, of course, the main thing is that we have to be able to take advantage of the season that is happening, during the bullish season, the best thing to do is let it go, it's different with trading where there will be opportunities at any time, according to our analysis
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In theory, some deflationary and scarce asset like Bitcoin should be able to always outperform the levels of inflation. In reality, the Bitcoin price has ups and downs and there's a possibility for it to crash in times of high inflation. Many people claim that the Bitcoin price movement is cyclic, which means that we always have to wait for the next high wave of the cycle(when the price hits another ATH). Just don't sell when the price goes down and wait for the upcoming ATH. Inflation is good for BTC, because "money printer goes brrrr..." and this creates more demand for Bitcoins.  Investment in bitcoin cannot be bound by time and formula, but does take advantage of the waves that occur. it's different with inflation where it's possible that it can multiply as OP talked about, but for bitcoin to be able to beat inflation at a certain time if it penetrates a new ath and we sell it, maybe it will be several times, but it's different if we sell it in a bearish season, it can happen instead we will lose to inflation, it can be said to beat inflation because of the growing adoption of bitcoin, thus increasing its price |
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I always say that people who use trading signals to trade are not classified among professional traders because these people don’t even know how trading works, and if they do, they won’t use trading signals. However, all this is happening due to greed; they are too greedy, and we all know greed has no favour. People who come up with these trading signals are hiding their losses to convince people to join in the run and to feed their pockets, so don’t even think of using trading signals to trade. Find a way to learn trading on your own, and you will earn money on trading. I can see you are about to come up with an idea on how to follow trading signals. I will advise you to trade on your own signals, which may not function properly sometimes.
Instead of collecting all the information about their trades, why not try to learn on your own? Analyzing all those data will already require so much time, and you won't even know how to trade afterwards. So yes, it is better to learn those baby steps in trading rather than relying those people who are giving trading signals. You can't learn how exactly trading works if you would just follow their suggestions. They are also humans who are relying on their instincts. So would be advisable to learn the ropes in trading on your own, as you can use it later on when you want to make a living out of this activity. they also work to get a lot of followers and if it's wrong then there is no responsibility towards it, therefore learning gradually even though it takes a long time is not a problem, moreover we can learn to manage psychology by learning to be patient, when the time comes then we will face the market face to face real and just adapt to the real market. no success is achieved instantly, so we must be aware of it first before trading real |
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Investing in cryptocurency is better when what you're after is capital gains from long term holding and not passive income, cryptocurrency aren't business that you can expect passive income from and any project offering you passive income shouldn't be trusted because they'll fail you in the future. Staking is the only way to get passive income but don't believe every project offering staking will stay popular forever to give you profits, many of them won't be around for next bull market.
Any individual interested in Investing in cryptocurency, they should do that with either trading cryptocurency for profits or holding cryptocurency for future gains. Any cryptocurency project that looks like a HYIP or Ponzi scheme shouldn't be trusted and avoided always.
Unfortunately there are too many projects that promises great returns and then fail, and too many people fall for these for some reason. I think the fact that there are already good ones made people forget that it took a lot of hard work and a lot of hype to make them be there, and something new can't be there. There are way too many people who do not know what makes a coin go up a lot and that is why it is important to realize that we are not going to end up with something good in return. I hope that it gets to a point where we should see a lot of changes. I know that it will take some time, but it should be important to be able to see the distinction in order to make a profit, all these terrible ones are too obvious to me. to get profits from investments, especially from new projects, can indeed generate big profits, but when to be able to harvest the results of that investment, we don't know it, even with investments it generates passive income. however, we must be aware of the risks so that we can plan well if things do not happen as expected, considering that we have to bear the risk of an investment. therefore many people who look normal work but they have a lot of money from investing as passive income |
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