Any business where today you launch, tomorrow you begin making profit...?
There are numerous opportunities available in Ecommerce sectors where you can start making money comparatively in shorter time. However, it is essential to undergo comprehensive training in establishing online store, honing your marketing and research skills and mastering financial management. With the right expertise in these areas, you can unlock the ability to expedite revenue generation. |
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My wealth plan for next 3 years
I will take loans becouse fiat value is high so usd value ATH.
I will invest in btc,gold,silver becouse money is now expensive so when i borrow now the bull run Will make profit i make profit and from the profit i make money for myself and i can Pay the % to lender.
Off course also i'll buy AIDOGE coin becouse 1000x i will make with this coin after 2 years.
The world economy right now is like some shtcoin pumping and when everybody short the whales Will pump it more to make you FOMO in exacly after 2 years.
The whales Are fed, ws,ecb,boe and other big Banks the world is like some shtcoin what the whales keep pumping until everybody Will lose their guard and Will buy the top becouse of FOMO.
I have 2-3 years to get out of the assets but right now i'll get rid of money i'll invest all the money becouse i know upcoming inflation will eat all the value of money.
In the next 2 -3 years my money only Will be bitcoin If i want to buy bread and Milk i just convert btc to fiat other then that not smart to hold any fiat currency.
And off course after one year i start buying by DCA USDC becouse USDC gona be world reserve currency so off course i'll invest in this early.
It appears that you have some clear ideas and strategies to approach your wealth plan over the next few years. One aspect is to leveraging loans when fiat currency value is high and capitalize on potential investment opportunities, that seems prudent approach. It is also worth mentioning here that ensuring a diversified portfolio is crucial, therefore investment in Bitcoin, Gold and silver as well as in stocks to be considered for a balanced portfolio. In summary, exercising prudence is crucial when considering loans. This involves a comprehensive assessment of aspects like interest rates and one's repayment capacity. |
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I was having a conversation with a friend, and we talked about how difficult the economy is and how it can disrupt someone's plan to hold their bitcoins without tampering with it. I think this is true because if you think of how difficult things are getting, Salaries from jobs no longer sufficient to sort all needs, and profit from business seriously affected and made intangible because of the increasing cost of running a business and the rising cost of things.
Holding your bitcoins has a lot to do with discipline truly, but discipline is harder to practice when you are being suffocated and suffering financially with plenty bills and responsibility to respond to. People in countries with better economy, where there are good jobs and businesses are working, Bitcoins will easier hold than for people who are in places with terrible economic situation. What do you think?
Your insights are indeed on point, highlighting the issues associated with the decision to continue holding Bitcoin during the recession like economic environment that has led to hardships for all of us due to escalating prices of food and energy. Despite all these challenges, we should exert our best efforts to avoid selling Bitcoin for immediate but modest gains. Instead, we should exercise patience and wait for the halving event, which has potential to reward us with huge gains. |
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What's the point of buying bitcoin at $1 million dollars? How many centuries will we have to wait for bitcoin to become worth 2 million dollars - that is, to get only 2x? The higher the price, the less sense it makes for speculators to trade this asset. We will see.
The price of Bitcoin reaching a valuation of one Million dollar is a hypothetical scenario based on speculation. However, If its price really hits 1 Million dollar mark in the next bull run, it would likely reflect the strong demand of this valuable asset, and some experienced investors would still choose to invest in this cryptocurrency, anticipating further appreciation in its price driven by continued demand. |
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Indeed, practicing prudent spending habits and upholding financial discipline is key for achieving financial stability is not only crucial in your personnel but also in your professional life, particularly for those involved in business activities. It is imperative to align our living standard according to our earning, as well as develop habit of setting aside some cash to address unexpected financial needs. Additionally, enhancing our skill set for generating some extra income is equally important. This extra income can be utilized to invest in precious asset like Bitcoin that can potentially yield significant rewards in future.
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This thought have been bothering me for a while and I feel we can discuss it here. Many people that are building their Bitcoin portfolio are doing it to also save for the coming generation. However, how this wealth will be transferred to the heirs and the next generation and how this wealth will be preserved without being lost or causing problems still remain unclear. I understand for other tangible assets, a WILL can be written to be revealed when the time is right. But for Bitcoin, I don't know how this can be done as it may require revealing the secrete codes of the wallets or storage device. Is there any other way this can be done? My thought was captured in my comment in this thread but I felt to raise a topic for most discussion. In case this topic have been discussed, I will be glad to be pointed to the thread. You have highlighted an important and complex concern regarding seamless transfer and preservation of Bitcoin wealth to the next generations. I think Bitcoin indeed stands out as a promising asset to pass down to our successors. One approach could be to utilize multi-signature wallets, that require multiple private keys and digital wallets. This procedure involves two or three wallets and private keys to authorize transactions. |
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If Javier Milei wins the presidential election on 22 October this year, Bitcoin might get the needed boast in Argentina.
I don't think Bitcoin will easily regain its traditional status as currency. If the price keeps accelerating more people will keep it as an investment because it will become more precious.
It is an interesting development that change in Political leadership, such as Javier Mile winning the presidential elections, could impact the adoption and perception of Bitcoin in Argentina. Political leaders can in deed influence the policies that promote or hinder the growth of cryptocurrencies in the country. It is also crucial to note that political leaders often encounter challenges in translating their political agenda into action, particularly within the complex framework of well established democratic nation. Achieving consensus among diverse group of legislators is a formidable task, that demands skillful negotiations to navigate different viewpoints effectively. |
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It's a win-win from all angles for banks and governments. Now the question is, how did they manage to make it work if they are really behind it. Or I might be wrong here because every picture has different stories for each viewer of it so what are your stories about this situation? Is it real or manipulated to fill bags? Not to mention why did SpaceX sell those amounts of BTC when they don't have to? We all know that Elon is a person of money who always follow the money and how he would sell the reaming amount of BTC which is all SpaceX has according to the wall street journal.
Your skillful articulation of an insightful analysis, focused on distinguishing the legitimacy of the recent cryptocurrencies dip, is truly commendable. Whether this decline is real or deliberately manipulated by international players, I perceive this downturn as a promising opportunity to acquire Bitcoin and Ethereum at more favorable rates. |
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if people want to convert their wealth into safe haven then it is difficult for people if they choose gold and silver because of security problem and the regulation, so choose bitcoin is a good option. what he said is quite reasonable. I think it is okay if we expect btc price to reach 1M in the future.
You are absolutely correct. People may choose to convert their assets into safe heavens like God, Sliver and Bitcoin during the period of economic uncertainty and instability. It is also true that there are challenges linked with investing in traditional physical assets. Bitcoin with its features of its capability to be stored electronically and rapid transfer from one to another wallet makes it a compelling choice. |
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I would like to announce that this campaign will be extended for another month  Please continue your task for this week. I will post the TX ID of the rewards for week 12 here once they are released. This is wonderful news for all of us. Thanks for your efforts and dedication in securing the extension of this campaign for another month. |
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You have spoken very well, and I can say that you spoke out of experience or as a result of extensive research and Reading. Devaluation of currency can only give benefits in the short-term, but on the long run there is very much disadvantage which is higher than the advantage. So it is not encouraging to devalue any countries currency. I will use Nigeria for instance, the country devalued their Naira for more than 30 years and today the value of Naira keep crashing. There is nothing else that can help than to diversify and go to agriculture as Op recommended and other sectors. It is not by devaluing their currency, which will later be attacked by inflation and global recession and make it worthless in the future.
Thanks for the compliments and I appreciate your thoughtful insights. Indeed, the effects of currency devaluation can vary depending on the specific economic context and the country's overall strategy. As you suggested diversification of economy is certainly crucial step for achieving long term economic stability. Therefore, it is important to carefully evaluate the short term gains over long term potential consequences when considering currency devaluation as a tool for economic growth. |
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I think there is a crash coming, but I'm expecting the stock market to take the worst hit, as it's been in a long-ass bull market and by the laws of financial gravity it's got to come back down to earth eventually. Whether the crypto market also gets whacked....I haven't a clue, but if there's a panic where everyone is selling assets to get cash, ChiBitCTy's first sentence above is spot-on. Seems like we're getting a little taste of it already, because this past week a lot of markets went down, including crypto and precious metals. Definitely not a crash, but it might be a slow trend, or the start of something speedier, or could be nothing at all. Time will tell, not me or you or Robert K.
It is important to approach discussions about potential market movement with caution, whether in stocks, crypto or any other market. As predicting severity and timing and of their movements can be very challenging and wide range of factors can influence their prices. Whether Bitcoin reaches 1 Million dollar market or not is yet to be seen as there is no historical data available to validate such prediction.to economic crisis if there were economic meltdown, is yet to be seen, as Bitcoin has not seen any such crisis since its inception. During the period of economic difficulties, generally people choose to sell any asset to meet requirement of food and healthcare. |
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Does Russian currency devaluing actually mean much?
At a guess it'd probably make people want to spend less if those value reductions impact the cost of services there.
If Russian currency isn't being used much in the external market, maybe that's why. If yuan and rupees are the main currencies for buying oil, Russia could be holding those currencies instead or exchanging them for cash equivelants.
A lot of devaluations in war are a result of other things such as currency counterfeiting and talent fleeing abroad to a safer country.
I believe that fundamentals of Russian economy appear robust when we look at them in the context of its substantial oil and gas reserves. This positions Russia as one of the major exporters of energy to Europe and many Asian countries including China and India, and those are significant world economies. However, unlike US Dollar, the Russian currency Ruble is not much used as payment method for global trade. This limited global utilization of the Ruble could contribute to the lower exchange rate of on the global market. |
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Although the recent downturn in crypto currencies market on last Thursday was primarily triggered by the report that Elon Musk is selling Bitcoins. However several other factors also added to this abrupt plunge. These include such as fear of interest rate increase as indicated by FED in their last statement as well as the news that Chinese major real estate firm Evergrande is filing bankruptcy. These combined negative developments promoted wide spread selling of high risk assets across various markets.
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I was having a conversation with a friend, and we talked about how difficult the economy is and how it can disrupt someone's plan to hold their bitcoins without tampering with it. I think this is true because if you think of how difficult things are getting, Salaries from jobs no longer sufficient to sort all needs, and profit from business seriously affected and made intangible because of the increasing cost of running a business and the rising cost of things.
Holding your bitcoins has a lot to do with discipline truly, but discipline is harder to practice when you are being suffocated and suffering financially with plenty bills and responsibility to respond to. People in countries with better economy, where there are good jobs and businesses are working, Bitcoins will easier hold than for people who are in places with terrible economic situation. What do you think?
Holding Bitcoin during the period of economic hardships is truly a challenging task, as financial circumstances may pressure you to liquidate this precious asset. In order to successfully navigating ownership of Bitcoin, it requires strong faith in its potential to yield huge gain in future, resolve to continue holding it despite market volatility and frequently arising apprehensions about regulations. |
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You know that PayPal has already launched its own stablecoin.
The company Circle and Tether uses a dollar stablecoin, which is used not only by American companies. If the McHenry bill is passed in the US, will it strengthen the dollar as the world's reserve currency?
You are right that potential passage of Mchenry bill will be very positive development, and the adoption of stable coins, including those pegged to US dollar by American companies and international users could potentially contribute to the dollar influence in the global financial system. However, it is important to note that status of stablecoins and cryptocurrencies regulations, global economic dynamics can change rapidly. |
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It is true that Central Bank's decision of devaluating currency and lowering interest rates can provide short term economic advantages, such as boost in exports, making domestic products competitive in international markets and freezing up funds for military's activities and geopolitical power. Its important to note that economic and geopolitical dynamics are complex and multi faceted, and currency devaluation can also lead to inflation and economic instability. I firmly believe that currency devaluation could enhance exports for short term, but right path to achieve long term prosperity lies in increasing Agricultural and Industrial production.
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A correction does not necessarily mean that the BTC price is transitioned into a "bearish" posture.
Absolutely, the ongoing correction in Bitcoin price appears to be direct response to recent statement of FED regarding the potential for future interest rates hikes. However, this correction is likely to be short lived and doesn't reflect that market definitive shift towards sustained bearish sentiment. Although we can not predict anything with certainty when it comes to Bitcoin price, but most likely the extended bear phase commenced in the 1st quarter of 2021 has already reached a point of saturation. Hopefully, the floor price reached around $15,000 during that period will not be revisited. |
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Government rarely make people rich instead they make people comfortable and sometimes provide the enabling environment for people to prosper. Even when the enabling environment is provided, you still need to work hard to survive. For instance, USA is among the biggest economy in the world but we still have poor people there. This shows that even if the enabling environment is there, the bulk of the work rest with the individuals who still have to know how to utilize the available opportunities.
I believe that anyone in this forum have already known about Bitcoin and is taking their financial future serious through Bitcoin which provide a wonderful opportunity for anyone willing to believe in it well enough to buy and HODL.
You have highlighted insightful points regarding influence of governments and efforts of individuals in achieving financial prosperity. In the context of free market economy, the role of governments is to create conducive environment for investment, and to provide equal and fair opportunities for all citizens. Subsequently, it becomes the responsibility of each individual to define their log term goals, formulate plan and implement effective strategies to realize these ambitions. Certainly, as Bitcoin enthusiasts, we have strong faith in Bitcoin's potential to transform lives of those who persistently strive to accumulate Bitcoins. |
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Bitcoin is a really promising investment, I will also add it to my retirement assets and I agree with you guys, we need to diversify, not just focus on bitcoin, that's too risky.
You have highlighted a crucial distinction between saving and investing, and your approach to diversify the investment portfolio demonstrates your comprehensive understanding of financial management. Diversification is a well known strategy and key principle of spreading risks by investing in multiple asset classes. Furthermore, including Bitcoin in investment portfolio is a calculated move, that aligns with its potential for substantial long term gains. |
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