Bitcoin Forum
May 02, 2024, 04:10:21 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 [12] 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 ... 110 »
221  Economy / Economics / Re: What is the right age for financial stability? on: November 05, 2023, 11:03:40 PM
Well, I hope this doesn't sound like a joke to you guys or some sort of cracked-up thread, but yeah, I mean to hear the opinion of others.

Some people, during their youthful years, live a very lavish lifestyle with the money that they are supposed to put to good use, knowing that one day they will grow old. Some people only think that it's when they are growing old, like at the age of 30 and above, that's when they must start to invest or save to invest.

Some people think that they can live a lavish lifestyle as long as they are still 20 years old, and maybe when they get to 25 years old, that's when they can start to invest for their future.

I quite think that there is a particular age at which one is supposed to have been living a comfortable lifestyle financially. That doesn't mean that someone who doesn't meet that age lives a lavish lifestyle. There's a parable that says, "All fingers are not equal." So, we understand that not everyone is able to meet up at the same time.

Although some people can experience financial breakthrough at different ages in life, some do so at 25, 30, 35, 40, and 50, respectively.

But in my opinion, I think that one is not still supposed to be in financial crisis at age 30–35. I mean, at age 30, one should be in a financial state where they can fend for themselves and their family if the person is married. The person is supposed to have had at least one or two financial sources that they can always see as reliable sources of income.

It's always wise and profitable to start saving and investing at a young age, like 18 years old.
Financial stability differ on each person, some could be matured on their early age due to their circumstances, while other could enjoy their life because they have the privileges due to their family status.
And for my opinion if we would need a specific age to start on being serious on our life it would be at our mid twenties, in our teenage years we could enjoy our life and study but on our early twenties that is the time where most of us would face some life changing circumstances like others are already having family or kids.
So in our mid twenties that is where we should make plan and see ourselves on the long term, build what we need to build not just for our own but also for our family.

222  Bitcoin / Bitcoin Discussion / Re: Would you rather make your investments in FIAT or CRYPTO? on: November 04, 2023, 11:33:49 PM
Why not have in on both of them if you could?
Invest some in crypto then start your own small business and on that business accept crypto payment, it is hitting two birds in one stone.
If you could use both of them to earn money why would you even need to ignore the other one?
223  Economy / Speculation / Re: Has anybody expected this? on: November 01, 2023, 10:49:37 PM
It already jump the question now is would it continue till the end of this year or is this just a pump and dump scenario?
I am expecting it to drop on the coming holidays so I don't really expecting it to climb higher than $40K till the end of this year, but the halving is also something that we couldn't ignore maybe it could continue to climb.
224  Economy / Economics / Re: Biting more than i can chew. How can i do better? on: October 31, 2023, 11:12:36 PM
I am a young man who is not married. I have made some mistakes in how I use money and the resources I obtain. So, I have come to share this problem with everyone in the hope of finding help and changing the way I misuse money. I have a psychological memory from my upbringing that money is earned and should be spent as long as you keep earning. I see money as something that needs to be spent. If I see something I like or desire, I buy it without minding the cost as long as I really like it. Yep. Many years of self-employment with varying monthly income were like a blessing to me since I started designing and building websites. This little money made me a bit proud of myself and where I've come. I made a lot of friends, and whenever they asked me for anything, if I had the money in my possession, I'd disburse it to them. I was happy to receive praise that I was the best friend a person could ever have. I won't forget when I started going to clubs and spending money on luxurious clothes and booking rides from one city to another.

All of a sudden, everything changed. I lost one of my most loyal clients due to a car accident. I started getting fewer job opportunities. My monthly earnings were so low that I could hardly afford anything. All the friends I had left me, with only a few remaining. That's when I realized that I could do better. It's been over five months now, and things are still not completely okay for me. But I want to change and plan for myself.

The main reason I'm sharing this topic is to get your own opinions and advice so that I can do better. I believe it's because of poor financial management that I've fallen to this level. I've been doing things that I now realize were not the right things to do because I don't have any financial stability. Last week, I felt ashamed when people see how frustrated i am because I had bitten off more than I could chew. I'm open to opinions and helpful insights to start again, but this time in a more stable and responsible manner.
The problem is your current lifestyle, I think you need to let go of it and start over again. I mean you need to live on what you earn if you couldn't afford it don't buy it, honestly I used to live like you and I am slowly getting better on my own again.
You need to know what you really need and only spend on those things, you could spoil yourself sometimes but make sure that you wouldn't spend most of your savings or money on it.
Look at your downfall as an experience and a blessing, now you know who only used you for your money and those who stay are your true friends who would stick to you no matter what, you already succeeded before believe in yourself and you could do it again, but if the time comes that you are on top again remember those who stay and support you don't be swayed by those who would only show up on your successful time.
225  Bitcoin / Bitcoin Discussion / Re: Is it better to invest or trade Bitcoin? on: October 30, 2023, 08:30:54 PM
All of us who are involved in cryptocurrency have heard and know to some extent about investing and trading.But I know that there are risks in investing and trading.To do these you need to know some basic things and gain experience.The main difference between investing and trading is the investment period, methodology, risk-taking propensity. Whether you are an investor or a trader depends on your financial needs and investment goals. Investing is long-term and involves low risk, while trading is short-term and involves high risk. Both methods can be profitable if the right strategy is adopted.
Which one is better if I want to invest and trade bitcoins.


If you have the skills and knowledge then go with trading, but if you just want to secure your money and have a low risk then go with investment or go for a long term.
For me it all depends on your knowledge and skills, you can't just go and jump into trading if you don't have knowledge on it, you would just risk your money.
226  Economy / Gambling discussion / Re: Cash out or keep playing? on: October 29, 2023, 07:13:21 PM
I want to pose a question that I believe is quite expensive for many of us here, and it's a dilemma most of us can relate to. We all know that gambling is a game where we put our luck to the test. However, there's a crucial moment in every gambler's journey. the moment when you hit that big win. Do you cash out and savor your victory, or do you continue playing in hopes of even bigger winnings?

I've often wondered how many of us can truly stop playing when we are ahead. It's a challenge because the allure of winning more can be irresistible. I've witnessed situations where a friend deposited money into a casino, faced losses, and just when he was on the brink of frustration, he struck a significant win. Did he stop playing? No, he left his winnings in the casino, only to lose it all again.
So, I ask you all, what would you do when you finally make that big win? Would you cash out immediately to enjoy your winnings, or would you keep playing in the hopes of an even more substantial prize? Shocked
There are times back then that I would have this kind of situation, where I already had enough or contented with my profit but still wants to continue on playing.
The thing that I do whenever I had this kind of situation is I would cash out and leave some portion to continue on playing till I had enough.
Of course after I cash out I would do my best to stop on depositing more on the same day if I ever lose all of what's left on my account.
227  Economy / Gambling discussion / Re: I think gambling is inbuilt, kids don't learn it anywhere, they do it! on: October 28, 2023, 03:19:24 PM
The Australian Government once said about abolishing gambling ads as a means of reducing gambling activities amongst underage people. But, I think they'll be no successful way of stopping young people from gambling. As it's in them. Most articles here also say things like gambling addiction being hereditary. That means gambling can be hereditary as well. Because I just watched from a distant two kids below 10 years, staking bets, after a long argument about who the artiste of a specific song is. They later staked close to 40 cents each, for the person who gets the answer right. Then they went ahead to verify. And I lost sight of them. I thought about, how come or who thought these kids about betting money during a long argument. I was able to memorize, back when I was a kid. We easily said, how much would you bet if it turns out I'm saying the truth; during an argument. It made me understand that, despite during those days we had no phones or access to the internet, gambling is somehow embedded to the brain of humans. Then, as a child, we weren't exposed to gambling. I could only remember of lotto, as a kid. But we still said things like "let's bet it"
Yes now that I look back at it, most of my childhood memories consist of gambling bets not with money but with toys that we seems to enjoy back then,
Not fully knowing that we are already gambling at an early age we just think that it was a game and it is not bad since we are playing and paying with toys not with money.
P.S I am talking about cards and marble ball.
228  Economy / Economics / Re: What does being rich mean in your perspective? on: October 25, 2023, 11:28:16 PM
It's one of question which differs from person to person. How do you define richness?
For me Rich means you don't need to worry about any expenses and you could buy the things you like while not caring about the price.
You have money for emergency expenses and it wouldn't affect your other budget, you don't need to save because you have enough and earning more than your expenses.
229  Economy / Gambling discussion / Re: Do your parents know about your gambling habit ? on: October 23, 2023, 12:34:22 PM
Even though I don't live with my parents they are aware of it, since I've been gambling even when I was a teenager, and I am also open with my father about it, and there are times that I would tell him how I gamble back then.
230  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin for everyone? on: October 22, 2023, 12:37:59 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
Bitcoin is free to use by everyone, but investment and trading is different from your perspective.
Base on your statement you believe that Bitcoin would make everyone successful by investing and holding them, but it doesn't work that way at least for most of us.
It doesn't work that way, the way you say it makes it sound like you are expecting every investor or trader to be successful because others could pull it up.
Do you think every business owner would succeed because they started their business?
231  Economy / Speculation / Re: Is doubling your investment more probable than we think? on: October 20, 2023, 11:39:48 PM
I think we should stick to investing only what we could afford to lose, when it comes to investment specially in crypto we all know how volatile it is.
I know that most of us have a big expectation to the next halving but for me right now I wouldn't tighten my budget just to invest more than I could.

232  Bitcoin / Bitcoin Discussion / Re: I was ripped off on: October 19, 2023, 11:55:12 PM
I sent a guy a down payment on a car. I use a program called Electrum. After I sent him the money I figured out I was being scammed. Do I have any recourse? Any way to recover my money?

I do have the guys wallet ID and the transaction ID.

Thankfully is was only 55.58663 mBTC
AFAIK once it is confirmed there is nothing that we could do to retrieve it back into our wallet.
If it could be retrieve then there wouldn't be any victim of scams in crypto, you aren't the only one that got scammed.
There are so many crypto users that got scammed but couldn't do anything about it specially on investment scheme's.
233  Economy / Gambling discussion / Re: Will you leave gambling if your future wife/husband tells you to do this ? on: October 18, 2023, 12:26:41 PM
Will you leave gambling if your future wife/husband tells you to do this ?
If it is affecting our relationship then I would do it on my own she don't need to tell me about it.
A person would change for the one that they love to keep them.
234  Economy / Gambling discussion / Re: Some gambling questions. on: October 17, 2023, 11:05:39 AM
Some gambling questions I want to ask please answer.

How many percent of signature earnings you gamble away?
None even on my salary, I don't really gamble much so I don't put it on my budget list or give a percentage on my earnings.

Do you prefer Fiat or crypto at a display currency?
If I would be gambling I would prefer it to be shown in crypto rather than Fiat I just like to ignore how much it is if I am enjoying.


What is your favorite game you play all the time?
Mines
What is your favorite casino platform?
Right now I don't really have any favorite platform.
Are you a responsible gambler?
Well I think that I am since I could stay out of it if I wanted to, just like how I stayed out of gambling right now.


235  Bitcoin / Bitcoin Discussion / Re: Halloween inspired poll –would your Bitcoins get passed on if you suddenly died? on: October 16, 2023, 12:18:29 PM
I am sure that all of my crypto would be passed down to my relatives by the help of my brother.
He knows how to use crypto wallets that I am currently using ane same goes with him, the only difference is that his wife also knows how to access his crypto wallets.
236  Bitcoin / Bitcoin Discussion / Re: Bitcoin and gambling which one has done you more harm on: October 15, 2023, 03:22:49 PM
When we gamble what we are looking after or expecting is money which is [profit] and when buy bitcoin and invest what we are looking after is [profit] and when you so many people they skip bitcoin investment to gamble and some uses very big amount of money to gamble whereas the same amount of money will achieve some fraction in bitcoin investment. So I come with this question to know the thing between this option or words I presented the one that done you more harm, if bitcoin  has done you more harm during the times you invested in bitcoin you can tell the public and if gambling has done you more harm by losing in gambling frequently you can also tell the public.

But for me I think gambling is the one that done people more harm than bitcoins investment, because almost every day people gamble with different platforms but its few of people that invest in a day or weekly, I will like us to discuss these.
Investing in crypto not just in Bitcoin without proper knowledge about it is considered gambling, you are blindly putting your money at risk.
And also there are people who bought Bitcoin to gamble or use Bitcoin as a currency on the platform that they use to gamble, so what's the difference for them?
But if it is on my end I would say that gambling made me lose more money than my investment in Crypto, on my investment in crypto I could control or manage the loss, but when I am gambling the money that I've sent on gambling site would be all or nothing, it is either I would gain profit that I've set up before sending it or losing it all.
237  Economy / Gambling discussion / Re: Will you gamble till old age or not on: October 12, 2023, 12:21:25 PM
I am not sure since I grow up with my Grandma and she usually gamble with her friends to enjoy and pass time, I think that it would be normal for some old people right now sine they aren't into technology so it is their way to have fun and enjoy their time.
But for us I think that it would be a different story so I am not even sure if I would be gambling when I am old.
238  Bitcoin / Bitcoin Discussion / Re: My regret for not adopting bitcoin earlier. on: October 06, 2023, 12:08:17 PM
I was introduced to bitcoin in 2013 by my friend, but I was skeptical about it. Back then I believed it was one of those investment schemes that usually crash within a short period of time . My friend tried everything he could to make me understand that bitcoin is the future of money, but I gave him no listening ears, he got tired of talking to me about bitcoin. I was waiting patiently for the day he will come crying to me that bitcoin has crashed and all his investments gone.
But to my biggest surprise and to my loss, I have been waiting for over a decade now and bitcoin has never crashed instead it has been gaining popularity and global adoption. My friend who first told me about bitcoin is now a millionaire in dollars. This happened before my very eyes and I have been a regret for not listening to him when he was talking to me about bitcoin.
~snip~
Most of us have regrets on not knowing or getting into Bitcoin much earlier than we had.
Some of us know some people who became successful because they had been in crypto for a long time or been with it on its early days, but could we say that we would also be the same? would we be successful if we were on their place?
Some might not control their greed and trade their coin when they get a profit and quit or spend their profit.
239  Economy / Gambling discussion / Re: Can Gambling affect your relationship? on: October 05, 2023, 06:03:46 PM
Yes, Gambling addiction has strained a lot of relationships through financial instabilities emotional turmoil, social isolation, and family problems. Gambling which was meant to be a popular kind of entertainment for many and was designed to provide a temporary escape from everyday life and also help one to be more observant mentally task your brain and it is also good for your mental brain. When it becomes an addiction it causes financial strain the strain can manifest in various ways including the loss of shared savings, debt accumulation, and financial secrecy which may lead to strained communication between partners. This communication breakdown can prevent couples, friends, and associates from working together.
Any addiction would affect relationship.
All sorts of addiction would consume your time, attention and money so of course it would greatly affect your relationship.
Even if those who are addicted would explain it there are some who wouldn't even understand it.
240  Economy / Gambling discussion / Re: Do you gamble because you don't have sufficient money? on: October 04, 2023, 04:54:55 PM
I was in argument with someone. His view is that people who gamble are those that what they have is not sufficient for them and so they try to make more money from gambling. He said if you have sufficient money to take care of your needs that you won't think of gambling. He made reference to some rich people, who don't gamble because they have sufficient money to even gift to charity but that those rich who still gamble are only addicted to it not just because of the money. Therefore, that the percentage of the rich gambling is very small compared to those in middle class and lower class.

So my question is, is the percentage of the rich gambling lower than the middle and lower class?
Some might be gambling for that reason, but honestly I don't think that it is the reason why most of the middle or lower class gamble.
If you don't have sufficient money why would you even risk what you have?
For me only fools would do it, we could all agree that our main goal in gambling is the profit, but it isn't the only reason why we gamble.
All of us have different reason why we gamble aside from aiming to gain profit.
And for me it is either to relief some stress or enjoy time with my friends.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 [12] 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 ... 110 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!