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601  Economy / Trading Discussion / Re: Can Bitcoin trading be my sole source of income? on: May 05, 2023, 10:53:05 PM
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.
602  Bitcoin / Bitcoin Discussion / Re: How can we help to Bitcoin education? on: May 05, 2023, 10:25:24 PM
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.
603  Economy / Economics / Re: What define your success, "money, fame or achievement"? on: May 05, 2023, 10:24:45 AM
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.
604  Economy / Economics / Re: How do cryptocurrencies affect Global Economy? on: May 05, 2023, 12:03:58 AM
In my point of view cryptocurrencies have effect the world positively because cryptocurrencies have the power to completely change how we engage with the world economy. The first advantage is that anybody, wherever in the world, anybody can use the cryptocurrency. Blockchain technology  makes cryptocurrency transaction instant and very secure. Cryptocurrency can provide several benefits to small business, another positive impact of cryptocurrency on society. The low transaction fees that come with cryptocurrency one of the biggest reasons many establishments have opted to accept the digital currency.
I agree that it allows us to see an alternative path that will allow us to make as much profit as possible and that is a good deal, but that doesn't change the fact that we are dealing with a profit that is only depending on the market volatility as well here.

However, when we are talking about using it instead of just investing into it? That makes even bigger changes. Like think about all the people who can do a lot more money thanks to bitcoin right now, paypal used to be considered the best method of payment, but now bitcoin has passed that already, and by a million times more as well. Why? Because paypal is a company and you would have to deal with so much company BS when you are dealing with it, whereas when we are talking about crypto, it makes things a lot better.

I think this shows that the effects of the cryptocurrency is still on a personal level that those who engaged ion it for now get the benefits of engaging to it. So, we can say that global impact of it is still uncertain in the way that it does not have a direct impact on most of the countries that it could have a combined global effect. But, the way the crypto works which offers a decentralized way of transactions have its impact on the world making it realize that these method is possible. It has its own fair share of pros and cons, so let's see if the global economy would really be affected by cryptocurrencies.
605  Economy / Economics / Re: 2023: What money lessons have you learned so far? on: May 04, 2023, 10:52:18 PM
One of the most important lessons I have learnt in 2023 about money is that money comes and money goes do not ever get attached to it. Because it is out of the attachment that brings out a lot of evil vices where you do not mind doing anything even though it is illegal to get it or get more of it.

Another lesson I've learnt is that if you are contented with the money that you have and you deserve more you will get more. More money from me comes through contentment and intense desire. Contentment gives you clarity and desire gives you motivation.

I have same ideology with regards to money. I know that money is important these days since it is the way for us to provide our own needs and wants but we should not let money control us since money is not the only thing about life. Indeed you should never get too attached to it since I still believe that when you do something that you love without hurting others in any other way, money will come for those who will work hard for it.
606  Bitcoin / Bitcoin Discussion / Re: THE VIEW OF SOME PEOPLE OVER BITCOIN on: May 04, 2023, 10:21:18 PM
When you dislike something, you can present a thousand reasons against it. Conversely, when you favor something, you may provide a plethora of reasons to support it. This is also true for Bitcoin. At times, a few individuals may oppose Bitcoin, resulting in a multitude of reasons against it. The most common excuse is its volatility. However, we acknowledge and believe that Bitcoin's volatility is what makes it the most popular. Holders and traders can benefit from this volatility, which is why they prefer Bitcoin. I am not concerned about other people's opinions about Bitcoin, as I have a thousand reasons to like it.

Agreed with these because some people have their mind stamped with the idea that bitcoin and any other cryptos are nothing but a scam. This results from the cases that they have seen where people have lost their money in their digital wallet and other have seen people that lost their investment when the coin that they invest in crashes. You cannot actually blame them for their hesitation since the very nature of the crypto is a clear reminder that it is a risky activity. So, take the risks that you can afford. Also, I agree that we cannot push those people to change their mind, just do and go on with investments in crypto and let them see its potential so that in the future they are the ones who would assess their view on these digital currencies.
607  Economy / Trading Discussion / Re: Is it true that this AI is good for trading? on: May 04, 2023, 10:02:33 PM
Some traders are now willing to use AI for trading and some don't think AI is always appropriate for trading. Because this AI will be trading by depending on an algorithm it is not possible to get instant changes on recent events or other things automatically. I am not willing to use AI in such activities.
Preferably a trader can use AI to validate a trading setup which I think is far better than relying solely on AI alone, there are instances where price defies Technical and Fundamental analysis let alone AI which relies on Algorithm, there are bound to have inconsistency in profit if a trader rely on AI for trading, of course there are few YouTube videos featuring AI trading personally I think the owners of those videos are looking for more numbers of views to make money, some years back bot was also introduced to trading it outcome was nothing to write home about, personally I trade manually with any automation if deploy AI to my trading I can only use it as a backup.

I agree with these because as we have advance in our technology these days, it cause no harm to take advantage of these and try to use it for the things that can help us just like in trading. But, I view it as a helping tool rather than the sole basis of every decision that you make. Human capacity for judgement is still more advance than AI so what we can do really is just to use it as an aid for us to see how would the AI decides and makes some judgment on it so that you would not be so reliant in it. I think that trading is risky enough and if we make the AI trade for us make it more risky so just take advantage of it since it has its potential as well.
608  Economy / Services / Re: [OPEN] 🔥🔥🔥 COINSLOTTY SIGNATURE CAMPAIGN – 100$ p/w, funds escrowed 🔥🔥🔥 on: May 04, 2023, 03:58:42 PM
Applying for Sr. Member rank:

Current amount of posts: 2956
EARNED merit in the last 120 days: 11
BTC Address for payouts: bc1qme0j0hxrxyghzgxfrdd7sat5eehuyatugak2th
Native German speaker: No

Thank you!
609  Bitcoin / Bitcoin Discussion / Re: The major role of cryptocurrency in promoting financial inclusion. on: May 03, 2023, 10:33:36 PM
Quote
Cryptocurrencies are new compared to Fiat currency, and so is their market values volatile. However, their volatility comes with prospective good gains. Another benefit is cryptocurrencies can be use to reduce payment sorting costs, giving room for small businesses to retain in their possession more of what they get and significantly increase in the rate how fast they get paid. Crypto may serve as another effective possibility of choice or making asset equal to cash, this might be lower over time due to inflation. It can further aid stronger control over the capital of such enterprise to cope with the risks and opportunities of direct involvment in digital Business.

I don't understand some of the stuff you are trying to say, OP. Did you use Google Translate? Grin
Crypto prices are volatile not because cryptocurrencies are new, but because most cryptocurrencies are scarce.
You are coming up with the assumption that the crypto prices will keep going up forever. I don't know what will happen with the cryptocurrency world in the distant future and I'm not that optimistic.
I don't believe that adopting crypto payments would reduce the costs of the small businesses. At the end of the day, they will have to convert the crypto to fiat, which comes with it's own transaction fees.



Same thoughts regarding the reduction of costs since I think the volatility of the crypto could be a factor on how the company's profit would be. The profit could be lower than expected when the crypto price also falls so there is this kind of hesitation for some to rely on this ending up for them to still use a more consistently valued payment which is through fiat money. This would make them convert their daily profit to fiat so that it can be a stable value but doing so requires fees so the cost would not that really be reduced. Also, to answer the OP's main question, I think one of the function of it is financial inclusion but it has a lot of things to offer since it can help you have financial security, easy transactions, and also as a form of investment to be financially sound in the future.
610  Economy / Economics / Re: does bitcoin help in your economy? on: May 03, 2023, 10:00:59 PM
It is possible that individuals who benefit from investing in bitcoin can help their economy and their family. For example, if someone invests in bitcoin and earns a profit, they can use that profit to support their family and invest in other areas of the economy. Additionally, if more people invest in bitcoin and it becomes widely adopted, it could potentially lead to positive changes in the economy as a whole.

Also, some also uses their profit it crypto trading and other sources from it to start a business. In this way it can help the economy to grow more since it is a fact that small businesses have a great impact in the economy especially in our country. Also, it can be a form of employment for those who does not have job so in that way it really minimizes the unemployment rate unofficially since this cannot be recorded by the government. Lastly, bitcoin and crypto awareness that makes them engaged in it making the people more financially aware and included so that they can make them financially secured in the future
611  Economy / Trading Discussion / Re: Trading or investment! What's your take? on: May 03, 2023, 09:43:23 PM
I always prefer investment over trading, but that is personally about me and nothing about other things. I know that it is going to change a lot when the time comes but we should not be shocked at trading becoming a lot better, and there are some people who can trade and make a lot more money for sure.

However, consider this, if I buy at 40k, and it goes to 60k and drops to 20k and goes back to 40k, I broke even right? Yet when trading, I may buy at 60k and sell at 20k and make a huge loss, or buy at 20k and sell at 60k and triple my money that way. This means that the same market could have so many different results for so many different people and I fear that it would be a long time before I could be the good one, so I stick with the investment.

This is an interesting take since I agree that investing is still much safer way of getting profit in the long term. In trading, you do really have bigger risks all the time since the market is really volatile and the prices are sometimes unpredictable that we are caught off guard with a lot of losses. But, this has more opportunity to earn more profit as well if you are knowledgeable enough and experienced enough to take advantage of the market regardless of its position. All in all, both has its own risk, so you just have to choose what works for you and how much risk are you willing to take.
612  Economy / Trading Discussion / Re: Beginner mistakes and how to avoid them on: May 03, 2023, 09:21:03 PM
Those tactics are for people who are quite new to the trading scene and are waiting just to get rekt. There are a lot of newbie traders that are going into the market head-on without any safety or any precautions before investing. They might lose everything in one swoop and that could really happen. I think we all have those days and the goal should be to prevent that.

The best way to win is to be consistent and not be emotionally attached towards the market sentiment.
It must be admitted that there are still many beginners who trade naively,
i think they need to learn more and understand what crypto is like,
because otherwise it will be a waste of time only and will lose easily.

Indeed, some just really don't know what they enter making them more losses than gaining profit. Trading involves risking your own money so we should always be careful and have plan before doing it so that we can get the desired results that we want. Mistakes as a beginner is normal yet we can minimize those mistakes by really training yourself, equipping yourself with knowledge regarding crypto, and really putting an effort and time to do it since it does not happen overnight that you can master trading, you should take your time to learn and have experiences and again learn from that. Also, emotions plays an important role in your decisions so learn to manage it so that it cannot affect your decisions in any negative way possible.
613  Economy / Economics / Re: Saving one third what you earn monthly is not that hard, isn't it ? on: May 03, 2023, 08:55:11 PM
Is this possible based on where you live ?
It is very possible but there are some certain factors that will determine the possibilities. Factors like how much you earn, the area you live at and how disciplined and how determined you are to save. For instance, if you live within the Business District where the rent is high and cost of living is also high, it will be a little bit hard on you especially when your earnings almost equals your expanses.
Another factor is the kind of life style you live.
If one wishes to save more for investment, discipline is number key and determination.

Agreed with these since many things should be considered for it to be possible. Saving one third of your salary is a significant amount of money and some can really afford to have this kind of set up. But, it really wont work with everyone as some have other responsibilities other than their own making it hard to allot that percentage of their salary for investment. So, consider your responsibilities, as well as what lifestyle do you have in allocating since I think you should not be hard on yourself when investing in which you should not let your needs and some wants of yours to be compromiosed.
614  Economy / Trading Discussion / Re: Trading Signals vs Own Analysis on: May 02, 2023, 10:24:06 PM
Laziness are always an enemy because first if you are not lazy to learn trading then for sure youll be getting the outcome you want but unless you are lazy you'll join signal group to find a trading signal that you will hit. When it comes to trading if you are lazy you'll not be getting any profit because in trading market is constantly changing that is why you need to adopt and learn always if you want to take out some profits in the market
Being lazy and being reliant on trading groups are going to teach you a lot of lessons. At least that's the consolation that you'll get from being like those. Having your own analysis will also teach you to become better but the first one which is about being lazy and dependent on signals groups, will teach you the hard way. It's why many of those aspiring traders have come against being dependent on them because it's either you learn nothing or you learn that next time, you'll avoid them.
That's true, being lazy will result with many people losing money and then when they lose money because they believed in others, they will start to their own trading research and analysis. However, if they end up losing and still go for someone else because they are lazy, so they just change the people they listen to, then it is not going to be good.

All in all when we talk about all of this, I believe that we are not going to end up doing any better, and should be considering this as not a good thing. I know that people may end up with some trouble in the end, but that doesn't mean that they can't just continue to grind their own analysis skills and should not do that. I hope they do, but it will take a while to do that and they need to endure that process.

I agree with these since relying on trading analysis of others is not always the best thing to do as sometimes they do commit mistakes and end up losing a great amount of investment on trading. It is okay to make comparisons on others' trading analysis but we should know how to incorporate our own analysis so that we can create wise decisions on it. Also, your own analysis would teach you things and make your understanding on it further enough to be used as a great experience that can be applied in your future trading activities. All in all, I think it is still better for us to rely on our own trading analysis and signals.
615  Economy / Economics / Re: Which do you prefer on: May 02, 2023, 09:57:17 PM
Firstly there are many of this Same thread on economy board and that’s where the thread is best suited to, so please move it there. Learn how to use the search engine here

Almost everyone wants to be their own boss and that is achievable with owning a business or trading. But both the latter and former are not easy to start up because one needs a capital. Although there are grants or loan that one could use to start up but the problem is the major risky of the business collapsing or losing everything on trading.

The government work comes with security and doesn’t need fund for business start up but government work also requires one to go through acquiring knowledge which is somewhat difficult for some people. Also the government work has its limitations because it doesn’t gives one freedom to earn more profit as you’re confined to only your salary or wages. I actually prefer the both but the business doesn’t need to exhausting one or one could just find sales person for the business.
Both are actually giving significant profits but if I want to take advantage and maximize the profit making, then it’s better to keep them and work on progress for them both. You can’t rely to just trading alone, because there are times that the market won’t let you become profitable even how pro you are, but as a government worker, regardless if you are a newbie or pro, you will certainly received fixed amount of income at the end of the month. But working on it alone won’t never give you unlimited profits, unlike when you prefer to work on both.

I agree that if it permits us to do both which is have a stable income from a job while also trading or others that has the capacity to give you higher profit. In this way, you can be secured since you have a constant source of income which is your job that is enough to provide your needs and wants. The trading and other side hustles can be a form to help us be financially secured so that we can diversify our savings and investments that is important in the future. So, it is really best to maximize everything as long as we are really capable of doing so since it is a great opportunity for you to make yourself better financially.
616  Economy / Trading Discussion / Re: Don't encourage multiple trading! on: May 02, 2023, 10:03:19 AM
Multiple trading is suitable for the experienced traders and not to the beginners.The people who are new to trading must learn the trading with minimum amount as the capital.If you had do start of trade with high amount,it will leads to high loss.Some trading exchanges give you free coin to learn trading,you can make use of it.Then start the real term trading.Analysis one chart a time at the beginning stage,then move to two trading at a time.Later you can trade with 3-4 trades at a time.When you trade above 6 months,then start to trade with 10 trade at a time.Multiple trade is easy to the people with more trading knowledge and analytical skills.Don’t do multiple trade until you are became familiar with it.
What happens is that when you open multiple trades at the same time is very easy to lose sight of the risk you are taking, and if you lose a few trades in a row it is very easy to find yourself in a situation in which you lost way more money than what you thought you could lose.

And this is a terrible scenario to be in, because even more important than a solid entry and exit strategy is to minimize our risks and to prevent a massive loss of money, because once it happens now you will have to take an even bigger risk just to try to breakeven.

Same thoughts since having multiple trading could be hard to manage since trading requires you to analyze the market and if you will focus in many trading pairs, it would be very hard for you to focus and make good and wise decisions in your trading. But I think there would be a limit that each person can handle since it is really possible to trade more than 1, just make sure that you can equally put an effort to focus on each trading so that you can be successful on each trading that you get into.
617  Bitcoin / Bitcoin Discussion / Re: What will you do with bitcoin? on: May 02, 2023, 09:13:35 AM
Debt free should be the target as it relief you of alot of stress and after paying off your student loan or any other debts that you owe, you can then start saving and then reinvest in Bitcoin for future purposes. If Bitcoin increase, I'll sell and wait for the market to correct before buying again and with that I'll have profits to use for my other needs.

There's no point of me holding when I know Bitcoin dumps after it reaches a new all time high, I can always buy Bitcoin again and hold for the next bull market. I'll just wait until I noticed the market is beginning to lose some volume as signs of a bear market coming then I sell my Bitcoin for profits.
Getting rid of debt is the right step, this is what will remove the burden of responsibility from us. After that, you can think about saving and investing money in some business, or bitcoin, the most important thing is not to focus all your money on one thing, since diversification can protect you, if any of your investments fail, then this will not be a disaster for you because you will have another business or investment.

Bitcoin is a good investment and its cyclicality provides good opportunities, but you need to remember that this will not always be the case, there will come a moment when everything can change and we will not see the usual sequence in its cycles.

Agreed with these since I believe it is a smart move for us to first clear ourselves with debt so that it won't be a hassle when you are allotting part of your salary to investing especially with bitcoin or another cryptocurrency. If we let ourselves first be financially stable in the sense that we have our savings accounts and debt-free situation, this could be the best time to invest. Bitcoin investment is indeed a good investment considering how it performs in the market through the years. It remains to be the strongest crypto today despite the recent fall of its price. I think this is normal to consider since it is by nature a volatile currency, but we can see that it still performs well despite this. But I know I can be wrong so just take the risk that you can really afford and make sure that it won't really affect you so hard when something goes wrong with the market and economy.
618  Economy / Economics / Re: What class of an investor are you? on: May 02, 2023, 06:35:22 AM
I agree that there are those types of investors who classify themselves as angel investors, venture capitalist,1 etc. But before they become all of these types of investors, from my own perspective, I have put them into some classes. It is not an exhaustive or an elaborative list but at least, you get the idea of where I am driving at.

Class of Investors to the best of my understanding

New Investor
These are friends and family members who are willing to contribute a small quantity of money to your company.

The Ponzi scheme Investor
One who invests in ponzi scams continuously is this. This is the person who thinks about get-rich-quick schemes.

The researcher investor
The researcher investor wants to conduct thorough investigation before deciding whether to invest.They might even decide against investing altogether since, if you wait to make a decision until you know everything, you might never invest.

The Wealthy Trader
This one has had a number of profitable investments over the years. They are knowledgeable, experienced, show expertise.

What class of an investor are you?



1. https://www.investsmall.co/the-different-types-of-investors-what-kind-are-you/amp/

Well, if I would invest into something, I would want to be a combination of the researcher and wealthy trader since I think it is really important for us to consider the background of what we will be investing into. We should do some thorough investigation so that our decision would be based on our personal assessment based on what we know therefore making a wise decision in it. Also, in the future, I do dream of being the wealthy trader since it is all in one where you have the knowledge and experience in trading making you successful in it and to be financially secured as well.
619  Bitcoin / Bitcoin Discussion / Re: Bitcoin overshadowed by economic lie on: May 01, 2023, 10:31:57 PM
It's true that misinformation and negative propaganda surrounding Bitcoin has led to a lack of widespread adoption and investment in the asset. However, as more people become educated about Bitcoin and its potential for long-term growth, we may see a shift in attitudes towards it.  makeWhile there are risks associated with any investment, the potential rewards of Bitcoin cannot be ignored.
The skepticism and doubt surrounding Bitcoin is not surprising given its disruptive nature and the traditional systems it threatens. However, history has shown that innovations and advances often face initial resistance before gaining acceptance. Yes, that's right I think it's important here to critically examine sources of information and not take negative narratives for granted without research like you mean. Only by challenging the prevailing notions can we move towards a more open-minded and informed society.
It's okay to be sceptical about BTC's nature but what is wrong is if you are sceptical after hearing those fake information about BTC but indeed it is no surprise since everywhere we go, there will always be haters. BTC doesn't threatens anything because it is unique.

It is digital while traditional fiat systems are offline. There are still other differences between them but I think I am not going to tackle them anymore. It's already in the nature of people to resist things and it's funny that they will regret later on. We have seen a lot of complaints like that here in Bitcoin. We need a society which are open-minded so that our lives can improve quickly.

I agree with these since, in our country, majority of those who are not fully aware with it are not only skeptical with it but also have their mind stamped on the idea that bitcoin or anything related to the cryptocurrency is nothing but a scam. But these are really due to the incidents of scam that uses the cryptocurrency platform thereby affecting the integrity of it and how the people viewed it. Also, those who do not really know that volatility is a nature of cryptos makes them view the pump and dump of cryptos to be overwhelming that they do not want to invest on it since they see more the potential losses rather than the great opportunity to earn with it. So, having effort to have knowledge on the cryptos and sharing it with others would help minimize the negative connotation related it. Also, we should always assess the news related to cryptos so that the real news will not be affected by the fake information as well as analyzing each news by looking through its sources so that only the useful information can be extracted to it to help the overall integrity of cryptocurrencies.
620  Economy / Economics / Re: Use your money wisely. Invest or Deposit ? on: May 01, 2023, 09:53:02 PM
I don't invest my entire money in one thing, this is really risky if unfortunately something bad will happen where i spend my money then there will be no other option for me that's why I need more investment not to rely on just one. I always divide what salary I used to get monthly base half in bitcoin and half I always invest in my side business. If this business perform well in future then I don't have to do job in future. That's why I don't spend much and my focus is always to invest in such things rather then keeping my money in bank.

Indeed, we need to diversify our portfolio of investments which is I think is a smart move as an investors. This would help you maximize your profit and also helps you to mange the risks related on the investments. I think if we do these, it can be good in long term since when there are some investments that failed, other investments cannot be affected as well as our capacity to provide our needs. Also, having both investment and savings is also a great move so that you are financially secured to support your needs and the unexpected expenses in the future that it wont affect your investments in any way. Also, we should know that investment is a risk so that we need to take an effort to always assess the market and really understand what you are investing in.
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