561
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Bitcoin / Bitcoin Discussion / Re: I believe that Bitcoin will make me independent
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on: May 10, 2023, 11:09:58 PM
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The ability to think positively despite your physical condition is what makes growth come faster. I'm glad you chose to invest in Bitcoin rather than thinking to store the money in the bank, since doing so will deprived you of the privacy that Bitcoin offers. It's the most preferred alternative to cash as it promises high investment returns especially with the bullrun season next year. I honestly commend your determination to be independent despite the circumstances.. keep hodling!
Agree with these since given you have a difficult situation, you still continue to aspire something for the betterment of yourself that is truly an inspiration to see. Investing in bitcoin is still a risk but it might give you maximum profit so you just have to take the risk you can, and really asses it and have knowledge regarding this. Just take calculated risks and hope you may have a great experience in this journey of yours.
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562
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Other / Off-topic / Re: To make a living always comes first
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on: May 10, 2023, 10:24:26 AM
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I don't know what country this is in, but it seems the same in my country, where if you are just relying on your salary (unless you have a huge salary), like me, you can't really purchase a car or even a house. That is really the sad truth, and even my parents are struggling, and I don't have anything to inherit from them as even they don't have a house or land. Also, no one gets rich from working 8 a.m.–5 p.m., which is why others venture into business to try their luck. Even though I do have a full-time job as well as side hustles, I still struggle.
Exactly, it is very hard to get rich when you just settle to be an employee unless you do really have a huge income from it. I think it is not impossible to make our salary be higher, but it takes years of work and commitment to really achieve this. Also, I think that luck in a way have its effect on us since we may be committed enough but if we end up on a company that does not offer increase in salary you might be settling in this. It is the sad reality for some since the salary for most of the people is just enough to make ends meet. So, what we could do is just keep on improving ourselves so that we can improve our salary and financial capabilities while trying out the world of business since it is better to take some risk to have a better future ahead of us.
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563
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Bitcoin / Bitcoin Discussion / Re: When using Bitcoin to make purchases, do you feel bad?
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on: May 09, 2023, 10:00:15 PM
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I personally have that a little bit of feeling bad when using bitcoin as payment for something since there is that thought of possibility that you maybe are making mistake of selling your bitcoin or using it as a payment. Given the volatile nature of bitcoin, you might be happy in a way that when the btc prices goes down, the price of your selling or in making purchases would be of higher value than it used to. So, all in all, it certainly is a personal take on it since others might get used to spending btc as a payment method since they have stable investment on it that really makes profit. But for most, I think they would stick to holding it and just spend it whenever it becomes significant higher in value.
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564
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Economy / Trading Discussion / Re: Where can I invest 4k bitcoin
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on: May 09, 2023, 12:15:40 PM
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I assume you got 4k worth of USD in bitcoin, and your target to earn 100$ daily which is 2,5% a day, that's insane number of profits to be true. Most of daytrader earn like 6% a month from their capital. But here is some option to earn money from what you got. Ofcourse number 1 is trading, however, necessitates familiarity with technical analysis and market movements. Also lower your profit target could help your earning, become greedy in crypto market will lead you to bankrupt. And the second one is staking, but you will earn much less and most of the time your assets will be locked for certain period of time if you stake your assets, but you will earn constant profits
Agree with these, you cannot expect those instant high returns in just buying a coin. Also, a guaranteed exact amount of profit in daily basis is too good to be true since I think that most of experienced trader won't have the capacity to consistently hit a target profit every day. So, do not expect that much since crypto trading requires patience to deal with the market movements and given the fact that it is volatile in nature make it riskier. So, if you would do some trading, try to really learn in so that you can maximize your profits or you could just hold your investment and just see where it would take you in the future.
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565
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Other / Politics & Society / Re: Importance of entrepreneur in school curriculum
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on: May 09, 2023, 10:18:45 AM
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I cite this example, there are 1,000 graduates while there are only 100 vacant jobs. For sure it was impossible to put all of these graduates to work and only 10% of them got a job while 90% are unemployed. Now if every year this will happen and no job increase, then more and more unemployed people. That is why we should not rely on finding a job but have also to find ways and use our skills if possible to create money. And I certainly agree that entrepreneurship is very important in school and should be improved as this serves as their option after finishing studies (or even not) so they could still find another option while waiting for a job.
It is not everyone that can be entrepreneurs but everyone can handle jobs. This is the reason it is so important to fish out those who are willing to take risk and accept the consequences of the risk they took. These people are thought and nutured from early state in the vasities. Where we always have problems is when the people who have entrepreneurship spirit and not spotted and trained, they will join those who seek for salary jobs and making the majority to be the job seekers and minority to be the job creators. This is where the most imbalance is created in the society. Entrepreneurship in schools can solve this problem. Agree with these since teaching students that being employee and employed is not the only option that they can have in the future. We should let the new generation to take advantage of them to be critical enough to have an option to be entrepreneur someday because if we gave them the proper basic education regarding it, they could have a second though of what to do after studying. I know it is not for everyone to be an entrepreneur but at least in this way we are giving them option to be one since this really could be a great asset for them and for the future of the society that they live in.
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566
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Bitcoin / Bitcoin Discussion / Re: Investing in Bitcoin in Student Life
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on: May 08, 2023, 10:26:06 PM
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I also think that it is better to keep my money on crypto rather than Bank, it is not just about security but also the return is far more greater than holding it on bank. The only thing that concerns me is that how would we explain it when the time comes that we have to exchange our crypto into Fiat and it is illegal in our country? I am sure that it would be somehow get didected or it would be suspicious.
I think it still better for us to secure our savings in the banks. But, as long as you are willing to take the risk and you can really afford to lose your money then do so. I think the best thing to do if your really want to invest in cryptos is just to allocate a portion of your money in the cryptos and others would be secured in the bank. I think this suits me well for now since I want to invest small portions of my salary while saving another portion on digital banks since here in my country, digital banks are in the rise that offers significantly higher interest rates while offering the easiness of onboarding into it since it is fully digital. All in all, I do not agree that keeping money in crypto is better than in bank since it is the nature of crypto to be volatile making it risky to put your money, but again if you really want returns then you have to risk something.
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567
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Economy / Trading Discussion / Re: Emotion and Trade?
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on: May 08, 2023, 09:42:24 PM
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One cannot originates emotions but it's natural and the successful trader are those who have put control on his emotions because its a big enemy which play an important role in a person's failure. One can control his emotions with investment but trading is that technology in which keep emotions in control is very hard but if a person predict that how important is it then he will really do his best to attain good outcomes.
We should always ensure that we do not mix trading wit emotions. Many traders had made this mistakes and they had paid for it in a way they never likes. Trading is not easy so we need to make sure that we do our best not to mix the time today. The problem that many traders do have is that they spend so many time using demo account and that had affected them a lot. If we establish a good trading pattern, things will be very easy for us and we are going to make some good use of our potential. Sometimes it is difficult not to mix emotions with our daily life, not only in trading but in any activity, there are some people who, because they do not control their emotions a lot, give them high blood pressure, so if they do not control the emotions in trading, because it is not something so up to date, but the bad thing is that money is lost here and that is what you should avoid, the fundamentals are the different traps that are made in the markets, that is why we should not fall,for that It's good to read books to learn to figure out when it's a cheat or not. Agree since as a human being, it is not that easy to detach our emotions so it would almost always be part of our daily lives. So, in trading, emotions is always there so what we can do about it is to learn to manage these emotions. Managing emotions is important so that you can make wise decisions regarding trading and other financially related tasks. I think one crucial tasks in these is learning when to stop since if we would be able to fully manage our emotions, we can let ourselves stop when it would be the best option to do so. So, emotion really plays a big role in it so we should at least try to manage it so everything goes well in our trading experience.
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568
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Economy / Economics / Re: The Role of Education in Financial Literacy
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on: May 08, 2023, 09:21:39 PM
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It's crucial to learn from experienced investors. You may gain insightful market knowledge by joining online groups and following seasoned cryptocurrency investors on social media. You may make better investing selections by gaining knowledge from the experiences, triumphs, and mistakes of others. Also important is actual experience: Although education is key, real-world experience is essential to fully comprehend the intricacies of bitcoin investing. You may gain practical experience in risk management, market analysis, and decision-making by starting with a small investment and monitoring its performance.
I agree since although it would be of great advantage if a proper education would be used, knowledge in this digital era today is easy to acquire if you would just put an effort to do so. There is no doubt that being knowledgeable makes you aware on the benefits of being financially literate, but if we dont make use of these knowledge by applying it on the first hand experiences it would just stay as a thought. So, we should apply what we know and continuously improved what we know so that we can use it and apply it in our financial decisions so that we can be fully financially literate in the future.
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569
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Economy / Trading Discussion / Re: How to maintain profitability in crypto trading
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on: May 07, 2023, 10:21:53 PM
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~snip~
I know, there are some professional traders who will like to add to this topic to help people over there so that there will be progress in constant profits making, your opinion is highly welcome.
I will suggest that those traders to be not become greedy in take a decision in trading since our greediness can make our profit from 50% to -50% in a short time. We need to have a clear mindset to do an analysis of the market. Also choosing the correct asset is crucial too since there are a lot of crypto become scams after a few months or a few years, Bitcoin will be the best option for this. Agree with these since in trading, emotions are at high stake and if we let those emotions to take us, it will result to us being greedy and just really wanting to earn without proper planning. Everything goes into proper planning before you go on trading such as knowing really what you are investing to so that you can study its market and assess how profitable it can be. Also, you should plan how to handle different emotion and situation since these things can be of big factor and effect in the decisions that we do in trading. So, to maintain profitability in trading you should continually seek for better plan and do something to make it work best for you to achieve greater success in trading.
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570
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Bitcoin / Bitcoin Discussion / Re: The fall of crypto influencers.
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on: May 07, 2023, 09:49:21 PM
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There are many online course and learning about Bitcoin can be accessed without need to pay anything because it's free. But most people don't want to learn because they only want to focus to make money and following the upcoming hype to buy a potential shitcoin. If people have spent their times to learn about Bitcoin, crypto influencers will fall day by day.
I think crypto influencers will not fall because there are a lot stupid people out there.
If people will never learn from other people’s losses, then they will never continue to trust crypto influencers and consistently falling in their traps. When in fact crypto influencers do not make money for us but for their own selves, so they won’t care to stop unless they are still benefiting and profiting from us. But if we always bear in mind to educate our own selves before investing, I guess we won’t rely from crypto influencers anymore, that might be the start of their failure. Exactly, if they personally do not want to make their self to believe in these things, they kept on believing in these influencers regardless of how other people experience it. It is sad that some people really put hope on this crypto influencers that they can help you earn more, but in reality they are just using to make them benefit something. Indeed, as long as people are relying on these influencers, their end is inevitable. And the truth is we cant push everyone to think before believing in these because they may have small knowledge about it and might have the ego that they really push that these influencers are right.
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571
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Economy / Economics / Re: A career - as an employee or a business owner which do you prefer and why?
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on: May 07, 2023, 09:28:40 PM
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Just like the majority, most really need to be an employee at first since not everyone has the capacity to make themselves have all the resources that they need such as capital for a business. Business is a risk so before taking into this, a great paying job as an employee is a great start to make ourselves financially stable enough for us to embark into the world of business. So, personally, I would prefer for now to be an employee since that is the best for my case and situation and I just really hope that I can have my own business in the future since I'm the type of person who actually do not want to be an employee forever.
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572
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Economy / Gambling discussion / Re: Why do you favor betting on spesific sport?
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on: May 06, 2023, 11:37:09 PM
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In my case it's simple. I don't bet on sports that I don't watch and know very little about. You can't expect people to bet on tennis or chess, when these aren't popular sports in their country. I'll give you an even better example. In Europe almost nobody watches or plays american football. I barely know the rules. They even call it football in there, but in Europe what Americans call soccer is called football and their football is called American football. Nobody here bets on US football teams because we don't watch nor follow it, but everybody knows how their national football team is doing.
Me too, I won't bet on sports I don't watch or have little interest in. For me betting on matches is one way for me to enjoy the game. And how can I enjoy a game when I'm not watching a particular sport? The atmosphere of the match that I got when I bet was really encouraging for me to watch the match to the end. Yes, even though I lost in the end, it wasn't a big problem for me, because even if I win, it's just an added bonus for me. Exactly, interest with that specific game is the main factor for you to consider it for sports betting. I think it is common sense that you go with something that you are interested and knowledgeable about so that your winning chances would be higher. So, everything in sports betting is a personal preference as well as your expertise in that specific game. Also, the availability of that game in their country can be a factor, like in our country whose basketball is more famous that footfall, they tend to go on sports betting that is more famous in their country. All in all, it would still go down into personal point of view so just be wise in choosing what you go into and be responsible with every decision that you would do.
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573
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Economy / Economics / Re: Have a Income? Invest in Crypto or Not? Let's think realistically
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on: May 06, 2023, 11:08:16 PM
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I had my real job apart from the forum and cryptocurrency investments.So it’s my habitual trading of crypto currency with the 30 percentage of my income every month.As like you think,it’s not the easy one to keep add 30 percentage of your salary to the investment.You should ready to keep in mind,when the price reduced also allow us to regain after some days.Some greedy people want to get hundred percentage of profit from their investment with a short period of time.
Having your stable source of income is still a good one, this only means that you can be worry free if the market goes on a downtrend again because you still have the money and you only trade with your extra. Having that percentage of your salary specifically for trading can also be good, I assume its already a free money and if you are going to trade, make sure you have enough knowledge about it because its too risky not to have the right one. I agree with these since stable income is important these days to provide not only our needs but also some of our wants. It is important to remember that crypto trading is very risky since uncertainty of the market is there as well as the volatility. So, just take the risk you can so that other important things would not be compromised. I must add that if your allotted 30% of salary that is allotted for investment is making you having hard time in managing your finance then you can try to reduce it to a percentage that can make your financial obligations to be secured so that you cannot worry about that since it would just add up to the emotional experience in trading cryptos.
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574
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Bitcoin / Bitcoin Discussion / Re: Bitcoin doesn't give you instant 100 percent profits
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on: May 06, 2023, 10:44:10 PM
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They are likely have no experience yet in crypto. Its a normal question for those who want to make money as they are exposed to some influencers who introduced BTC as get rich quick and they are also short term investors. The result of being naive somehow, wait til they hit the bear market in 2026, they will call BTC a scam.
Newbies are less knowledgeable or no knowledge at all that’s why they follow a very wrong mindset. But the moment they start making mistakes and lose their funds, that’s the only time they will learn that bitcoin never guarantee short term profits. Though day traders are making it possible, but if you are a sole investor, then always invest bitcoin in long term as that’s the only you will be in profits. Do not believe in crypto influencers, all they think is for their own profitability. Agree with these since the best thing to consider as a newbie is to really learn everything and as you go on learning it, you can go on with long term investment first by investing in bitcoin since it is the strongest one among others that could make your investment be secured in a way. It is hard to go on trading without that solid knowledge and experience since you would just end up losing a lot of the money you set aside for this. So, having experience on trading with the money you are willing to lose at first is what you can do so that you can have the experience you need and also you can asses if trading really suits you or are you someone much suited in holding your investments in long term period.
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575
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Economy / Trading Discussion / Re: Did I can make platform without KYC verification
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on: May 06, 2023, 10:21:36 PM
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I don't believe there are any systems available now that don't require any KYC. While some platforms still do not require KYC for your initial deposit, they will eventually demand that you do so in order to avoid holding your funds and your account hostage while you wait to fulfill their requirements. It's just the way things are in the world of cryptocurrency right now; the majority of services won't let you use them further until you've finished their KYC process.
Agree with these since majority will still need any KYC at the start while other who might not seem to have aby KYC at start would require you to do so in the future. I think that most of these so that they can know that their customers are not to be getting engaged in fraud activities. I think that in these days where technology is very much needed and the rise of digitalization, online transactions would always be associated with KYC since this is their way of protecting themselves. However, we cannot deny that privacy is important for those engaging in crypto. Also, one problem with these is the data protection since a lot of cases of data leak has been going around so the integrity of these KYC. But for now, what we only can do is to follow since they said it is required in order to use it so that is the only way for now.
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576
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Economy / Economics / Re: Would you consider moving abroad?
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on: May 06, 2023, 09:52:41 PM
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I think given that todays time after the pandemic of 2020, the work from home or online work setup has been an option to everyone up to these days so as long as you can go through the setup, consider doing it. Rather than go on with all the dilemmas with language barrier, costs consideration and others, you can just continue to be in your own country doing job for international client so that you can get higher than average salary in your country. But personally, I would rather go on abroad since in our country it is so hard to find job that pays good enough and maybe because there is no option to be in a work from home setup in the nature of my work, but let's see what would happen and where will I be in the future but definitely being in abroad soon is in my mind.
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577
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Economy / Gambling discussion / Re: Do you blame someone for your gambling losses?
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on: May 05, 2023, 11:22:03 PM
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Sad to hear what happened here. But yeah, there are people that would blame others if they lose their money when gambling. And then there are people that would claim that lost they money "by mistake' or someone stole their money (which actually happened in this story that you posted), but it was actually them. When they lost, they realized what has happened, and now they somehow wants to get their money back. Happens more at online casino where players claim that they account was hacked, the game was bugged or straight blaming the casino saying their games are rigged. Not something very unsual.
Yes, usually people who don't want to experience big losses will usually do the same thing, even though he consciously knows that playing gambling is full of risks, but people like this always underestimate the risk. It's clear that whenever playing gambling, there will definitely be risks that must be accepted. whether it's losing money or losing assets, so you better not play gambling if you don't want to play risk it's better to work or become an entrepreneur to earn money. I also see it strange and funny why people can do and say that casinos are committing fraud even though there have been many warnings that playing gambling cannot make people rich, so play wisely don't play greedy so that when you lose you don't make it as told by OP in this thread. I agree since those people only blame other others so that they can hide from the fact that they make a wrong decision. They ignore the fact that gambling is a game of luck and although they know that luck isn't always on your side, they still go for their gambling activity and always believe that their next game would be a win ending up for them to lose big time. So, indeed that in gambling world, one should not be greedy to the extent that they can risk everything without taking into consideration their life. We should not be drown to the idea that if someone get rich in this way, you can be too since this is still a game of uncertainty and you can end up in the wrong side. So, always be wise in your decisions and always take the risks that we can really afford.
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578
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Economy / Trading Discussion / Re: Can Bitcoin trading be my sole source of income?
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on: May 05, 2023, 10:53:05 PM
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As a young person, I am overwhelmed by my curiosity in trading Bitcoin, but I'm not sure if it is appropriate for me to resign my white collar work and return to trading exclusively Bitcoin.
This was a conversation a buddy of mine and I had yesterday, and I felt compelled to bring it to this illustrious platform for the best types of advice and counsel.
Is it safe for a Bitcoin trader to quit their jobs and focus solely on Bitcoin trading if they can devote their time and attention to maximize the benefits in the Bitcoin world?
It is certainly possible, to make a living from trading but only you can give the correct answer to this question. Everything, exclusively everything depends on you. How skilled you are, how disciplined you will be and how dedicated you will be to the whole job. Judging by what and how you write, I would rather say that you are a beginner than an experienced trader. In that case, you certainly cannot rely only on income from the trade, because there are no guarantees and you have a long learning way ahead of you. The moment you are ready to be independent and rely only on your trading skills, trust me you will not need this kind of advice from anyone. Trading is a profitable source of income, but the income varies depending on how skillful and strategic a trader is. The higher your experience in trading, the bigger the chances you might consider it as a consistent source of income. However, if you are starting to trade, and you are still in the stage of learning and developing your skills, then making trading as a main source of income will be very risky that you might incur more losses than gains. Though you can still be in profits sometimes, but mostly you will face bigger losses in reality. So think a thousand times. There’s still a lot to learn in trading, and I think you yourself knows the best answer that will suit for you. Exactly, the thing with trading is that it takes a lot of time and effort to fully learn it and have skill in it to create different techniques to be successful in it. So the experience is really a deal breaker for you to consider trading as your major source of income. I think it would be a great move if there is a certain job that pays you a consistent salary and then try to incorporate trading as a side job so you can maximize your earnings. In this way, you can be financially secured on your daily needs using your job salary and you can also be able to save and earn and also invest in trading. Also, as a beginner in trading, you should start by exploring it and really having to experience it and know that losses would always be a part of the start since this would help you build your experience to be a better trader in the future.
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579
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Bitcoin / Bitcoin Discussion / Re: How can we help to Bitcoin education?
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on: May 05, 2023, 10:25:24 PM
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Whether we help spread awareness or not, bitcoin will still shine through even if we don't touch them, it's just only that people are still not ready on how the technology works and omly certain countries are willing to accept the risks included on it. Just like how AI was only a pigment of our imagination decades ago, and now look at where we are today.
Yeah I guess you are correct but its nice for us to actually spread the awareness for the public then its OK to further teach anyone who shows interest in what you are doing, you must not force it bitcoin is optional and if only is any willing before I will volunteer to give them the basics which is involve in using this wonderful technology. I agree that some people are not to accept or even know about bitcoin but you can't generalised this term to actually every one in the society or your local community. Spreading awareness on bitcoin is really a needed. Whether the country support its usage or not is secondary. Next thing is the value of bitcoin and the usage from common people. People are much in need of technology in the financial system. With time the money value keeps falling whereas bitcoin is not. When we explain the goodness automatically people will prefer to use atleast as an investment. Even now majority of the countries haven't announced the legal status of their country on bitcoin usage, just on personal preference people continue to use. Indeed, I think best way for more people to be engaged in bitcoin and other crypto is for them to see its potentials, wherein spreading awareness about it is a great way for them to see this. In this time of digitalization, we should take advantage of the wide reach of everything in the internet since it could really help the integrity of the bitcoin and the overall view of the world on cryptos. We just really need to show them that it is far from what the society labeled the cryptos which are just scams but rather some kind of currency that can be used as an investment and a way to make the transaction easier, secured and reliable.
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580
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Economy / Economics / Re: What define your success, "money, fame or achievement"?
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on: May 05, 2023, 10:24:45 AM
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I think to one point it's money. When you have your basic needs fulfilled and you have a decent home, a car and have all the things you need on table you look for higher goals. Like our creative persuits. Our prospective for lives. Fulfilling higher goals become paradigm of success.
Money may only be a “means” to make you successful but it will never define a man’s success. For me, I can only say that I have succeeded in life if end up living my life with satisfaction and contentment. Though no man gets to meet satisfaction in our entire life, but we can always be contented even in small things around us. Money may motivate people to be successful in the future, but IRL, it’s the goal that motivate us and not because of money. Agree with these. I have the idea that success is not measured on how rich you got in terms of monetary value but rather on how you do with life. Money would always be a part of human life to live but it is not enough for us to be satisfied since there is more to life other than this. You might get all the money, but if you made it in the wrong thing, or you might hurt someone along the way, I think you would not be able to truly be satisfied with that success. Indeed, human have constant desire for satisfaction, and we have a lifetime to be limited in single success, so make life full of meaning and little success since in this way I can see that this would let us feel the genuine feeling of success when we got old. So, the thing that I can consider success is the little achievements that I have done through the right way in the course of my life, as well as the succeeding achievements that I can achieve in the future.
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