So, my legitimate question is, after all the robbery, a person, who doesn't pay taxes, is a bad person for the society or not? More likely I want to get answer from those whose countries have a model similar of European healthcare and employment insurance.
I believe paying taxes is our fundamental civic duty. Taxes are indispensable for maintaining and enhancing infrastructure and various public services including security, health care and many mores. They play a crucial role to finance all these services for overall benefit of the society. However, it is the responsibility of the government to ensure a fair tax system for all segments of the society. Moreover, it is vital to utilize tax revenue in a way that every penny is spent wisely and efficiently. |
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Successful people always take risks in their investments, for example how to invest in bitcoin, of course the risk is still quite large, but because our belief in bitcoin investment is strong and bitcoin always has a good history of increasing, that's what I do.
I completely agree with your opinion that successful people always take risk to achieve their goals, but it is important to understand the complexity of relationship between risk and success. Risk can act as a double-edged sword, capable to leading to success if used wisely, on the other hand taking risk without using adequate risk management strategies, can also result in disaster. There is no doubt that Bitcoin has created many millionaires who took calculated risk and made timely investment decision to buy, hold and sell it at the right time. However, making decision to invest in any asset including Bitcoin should be done after due diligence, keeping in view individual's financial situation and risk tolerance level. |
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Investing doesn't guarantee you to be rich
Investing is a way to potentially grow your wealth overtime, but it is not a guaranteed formula to get rich in short or long term. There are numerous examples, such ENRON, FTX and LUNA, serves as reminder that investing is always associated with risk, and companies can face financial distress, and even can go bankrupt, resulting in investors losing their hard earned money. There are several factors those can influence the outcome of investment decision, such as timing of investment, individual's expertise level,market conditions, overall state of the economy and natural disasters. In order to achieve your financial goals, it is important to carefully establish your strategy in consultation with financial advisors, and evaluate your risk tolerance level before making any investment decision. |
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What will you do when you have Financial Freedom?
When I achieve financial freedom, I will continue investing in Bitcoin, as I consider it the best asset for investment that can potentially reward its investors with substantial profit. I believe by investing in Bitcoin I can secure my financial stability and live a comfortable life without constant need to search for employment for regular income. In my view financial freedom goes beyond personnel gains, it provides an opportunity to make contribution for social works and support those in genuine need. Therefore, I would allocate a major portion of my resources for social initiatives. This endeavor serves as my innate desire of fulfillment of purpose of life, and internal happiness. |
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What's the better option for you and why?
The decision between renting and buying completely depends on your intention to make it a source of passive income, or your goal is to make significant profit through capital appreciation in the long term. However, considering the increasing interests rates trend world wide, the property market is not performing well, Therefore, It is advisable to carefully evaluate your financial situation and conditions of the local real estate market before making any decision. |
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When you're short on cash, it can be difficult to quit borrowing money.
Everyone has been there. We're short on cash and in a lot of debt, but a cover loan to get out of the red and even improve our readiness is the light at the end of the tunnel.
Blissful days? Sadly, no. It all comes down to the straightforward, yet frequently misunderstood, formula that says borrowing more money equals more debt. It is more difficult to return to black the more debt you accumulate.
The majority of us live beyond our means, which is one of the primary causes of our ever-increasing habit of borrowing money. Simply put, incomings are outpacing outgoings. It's also getting worse.
More than at any time in the past two decades, millions of Americans are spending more than they earn. Spending on credit cards, the most common type of personal debt, is estimated to be rising at a rate faster than at any other time in American history.
Lending and borrowing have been inherent aspect of human civilization since its inception. However, living beyond means and rely on borrowed funds to sustain your budget can lead to serious financial troubles in the long term. On the other hand, If you borrow funds from bank to expand your business, and your earnings are enough to cover monthly installments. Such kind of responsible borrowings is beneficial for business growth and leads to wealth creation in the long term. |
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Signature updated. The new design is absolutely fantastic.
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Bitcoin's popularity is increasing day by day. Now in today's society both men and women are working shoulder to shoulder together in the office. No exception to this, women are also very interested in Bitcoin and current Bitcoin. The reason for interest is that when a woman works in an office, it becomes a bit difficult for her to juggle family and children. In today's society we see many working women leave their children with the workers and go to office, those children are abused by the workers. I think all the sisters who have chosen this bitcoin as their profession should not face such problems. Because after all the children's work and household chores, there will be enough time to devote to bitcoins. So choosing Bitcoin as a career can be a good decision for girls.
The fact is that bitcoin is not a career because it is a career. This is not a full-time job in an office where you get an absolutely stable salary and are always confident in the future. In cryptocurrencies, you never know what to expect tomorrow and how much you will earn - you can lose everything with an unsuccessful investment, for example, by investing in alternative cryptocurrencies, which will then turn out to be a scam. A woman who is especially responsible for children should not risk money. Only stability! It's us men who can risk extra money, but a married woman - in no case. Therefore, I believe that investing is prohibited for them. I strongly believe that women posses equal capabilities to make well informed investment decisions in various assets including Bitcoin provided they fully understand the dynamics of this highly volatile asset class. Volatility is often considered a drawback, but it can be a gift if managed skillfully with risk management strategies. Therefore, I would suggest women to learn this important technology and leverage the advantages it offers to those who believe in its potential to make positive impact on their financial future. |
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Bitcoin's popularity is increasing day by day. Now in today's society both men and women are working shoulder to shoulder together in the office. No exception to this, women are also very interested in Bitcoin and current Bitcoin. The reason for interest is that when a woman works in an office, it becomes a bit difficult for her to juggle family and children. In today's society we see many working women leave their children with the workers and go to office, those children are abused by the workers. I think all the sisters who have chosen this bitcoin as their profession should not face such problems. Because after all the children's work and household chores, there will be enough time to devote to bitcoins. So choosing Bitcoin as a career can be a good decision for girls.
I am pleased to hear that women are also taking interest in Bitcoin. Women have the opportunity to take advantage of Bitcoin that it offers without any discrimination, as this technology is accessible to anyone who is interested to understands its fundamentals, historical trends and market dynamics. Although it is challenging for women to balance family responsibility and participation in Bitcoin trading and investment related activities. However, they can allocate some time to learn this technology to reap significant potential returns by investing in Bitcoin or engaging in trading activates. |
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Bitcoin and Ethereum didn’t really have a huge drop. It’s the alts that got hit with some losing 25% in a single day. Bitcoin is fairly safe since it’s definitely not a security. Maybe same with ETH. The issue is that the rest might be called a security and no exchange will be able to trade them if they serve us customers.
Hence why the sell off started. I also think that Binance US will close up shop in USA. Basically not worth it for them with all this regulation going on. Fiat deposits and withdraws are also closed. So it’s basically crypto only at the moment.
While it is true that overall alts market crashed significantly due to regulatory concerns raised by EC against Binance, Bitcoin and Ethereum markets remained relatively stable benefiting from their inherent strength. it is almost certain that Binance will shut down its operations in USA and they are likely find a new location to continue their business. Despite this prevailing negative sentiment in the market, the long term outlook market remains bullish as some mega institutions such as Black dock are showing their interest in crypto currencies by seeking approval for spot ETF (Exchange Traded Fund). |
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In some conversations that I have had with some rich people who are old, they most times always say that they invested in real estate and that was how they made some fortune. Young people understand that investing is key and paramount to securing a better future like these Old rich men did then, But the question now is what exactly to invest in for young people. Is it wise to follow in the steps of the old rich men who had investments in Real Estate, or do they completely now invest in cryptocurrency? The answer is sometimes traced to the one that offers the lowest risk and loss of capital.
The less riskier from Real Estate and cryptocurrency is Real Estate, but less risk,, less reward. The risk that come with the higher volatility of cryptocurrency makes the profit that can be gotten bigger. Will you go for less risk, or big profit?
Ultimately, it completely depends on individual's financial situation and risk tolerance level to choose between less risk and potentially big profit. There are always opportunities of making profit in both, real estate or crypto currencies investment. However, real estate is relatively less volatile and more stable market, that can generate stable income through renting your property, or in the shape of capital appreciation in the long term. Whereas investment in crypto currencies is highly risky but potentially can generate big profits in relatively short period. |
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In my opinion, sanctions can have a certain impact on underdeveloped countries. If the level of development of the country is sufficient, the sanctions will simply lead to the restructuring of the economy to find a way out. In doing so, much will depend on the success of the import substitution policy. Politicians need to look for other ways to solve problems rather than impose sanctions.
You made a valid point regarding potential positive side of the sanctions for developing countries. Sanction can serve as motivating factor for these nations to strive towards self-reliance and produce/manufacture all what they have been imparting since years. However, as you said success of such plans of self-reliance completely depends on wisdom and strategic vision of political leadership. Several Asian countries, such as China, India, Malaysia and Bangladesh have demonstrated examples of wise and visionary leadership. These countries have effectively utilized their resource and implemented long term strategies to achieve self-reliance. |
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[.....] Some countries may be concerned about the growing influence of China and its potential use of economic leverage to achieve political goals.
It's strange that you mentioned this on China but didn't put it as one of the main weapons of the US when pressuring other countries to follow their demands. They have been leveraging this for years after the WW2 using economic sanctions and it seems this is also the reason why other nations are shifting or applying to become part of BRICS. I think the extensive use of sanctions as a tool of foreign policy against developing nations to influence their decisions has been counterproductive in the long term. The rise of emerging economies like BRICKS can be seen as a direct consequence of this flawed foreign policy approach. Every phenomenon has its own time, declining value of dollar and nations intent to reduce their reliance on US dollar as international currency for import/export of goods and services, unmistakably signals that there is challenging time for dollar in the future. |
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It's silly to even compare gold and bitcoin. This is not just different financial assets, but completely opposite in their characteristics and properties. The only thing they have in common is the high price.
In general, bitcoin will not be able to surpass gold. Gold is an eternal value and it looks like it will be so for a very long time. In addition, it is no secret that states do not have a very favorable attitude towards cryptocurrency and its circulation largely depends on the position of states and their regulation of circulation in society.
It is true that God and Bitcoin are indeed different assets with distinct characteristic, but it is not accurate to say that they are completely opposite. Both are considered store of value and alternative form of investment, however they posses fundamental differences, such as Gold is a relatively stable asset with history of widespread adoption since centuries. Whereas, Bitcoin is relatively new asset with extreme volatile characteristic and its adoption is in progress. Understanding these differences is important while considering them as stores of value for investment purpose. |
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There are two reasons. First, Bitcoin is a non-credit currency ten times stronger than gold. So unless Bitcoin is replaced. Otherwise he must surpass gold. Second, Bitcoin is close to being the ideal non-credit currency, and it is basically impossible to have another non-credit currency beyond Bitcoin. Combine these two points and Bitcoin is bound to surpass gold
If I understand you correctly, you mean Bitcoin is stronger in terms of its market price. It is noteworthy that market cap of Gold significantly surpasses that of Bitcoin. Currently the market cap of Bitcoin stands over a trillion US dollars, whereas Gold market cap is estimated over 12 trillion. This stark difference is because traditionally Gold is perceived by vast population, as most secure and safe heaven investment since centuries. While Bitcoin is relatively new asset class in the modern world, and its widespread adoption will take time to materialize. |
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The poor are those who run the wheels of a country's economic life. The balance in many ways comes from them, they are needed, but the balance in numbers must also be observed. When this balance is reached, the wheels of a country's economy will also be balanced.
Indeed, the poor play crucial role for agricultural and industrial sectors which are heavily labor intensive . In particular agricultural sector, which is the back bone of economy, as it provides food for human and animal consumption for their daily needs , as well as raw material for various industries to keep their wheedles ruining. It is important for factories and corporate farms owners to prioritize well being of their workers by providing them reasonable salaries and access to health care facilities for smooth functioning of their business. |
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I think most people forget one of the biggest contributions that Billionaires bring to the economy, namely : Job creation
You are correct in acknowledging that Billionaires contribution for job creating is huge, which helps the society in many ways, as well as government in the shape of increased tax revenue. However, job creation is just one role played by Billionaires, while there are other complex and multi-faceted considerations, such as income inequality, wealth distribution and concentration of wealth in few hands. These long-standing issues require government attention to address them effectively to create a more balanced society. |
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I think after many years the price of bitcoin will be 100k$ like that of in previous years where the price was lower as compared to the current price so there will be no issue for buyers to buy bitcoin as the years passes so each and everything enhances in price and go towards more success stage.
While it is very challenging to predict future price of Bitcoin, however given the historical price trends and prevailing situation in crypto market, we can Imagin that next halving, which is scheduled in in mid of year 2024, can possibly create bullish sentiment in the market due to reduced block reward for miners, resulting in reduced supply of Bitcoins. This scarcity of supply can potentially trigger price of Bitcoin to $100,000. Please note that this is a speculative projection and should be approached with caution. |
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Who Buys Bitcoin When The Price is 100k$?
Certainly, buying and selling are common activities of any market including crypto currencies market. Traders and investors participate in both bull and bear market adapting their strategies. Many investors may choose to buy Bitcoin at $100,000 or even more, hoping that its price will continue rising and they will make good profit on their investment. The future price of Bitcoin after reaching milestone of $100,000, will Largey depend on the market sentiment prevailing at that particular moment. |
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Agree with you gold can be beneficial during emergency conditions whereas bitcoin will put you in difficult condition sometimes to take a decision of selling or holding. It is right that gold selling price is lower than buying price but we should wait for some months and don't put that amount which you immediately need after few days as investment is not for days.
I think if one make investment in gold then his profit will be increased double after 2 or 3 years and chances of lowering price is very low in case of gold investment.
It is true that Gold is traditionally considered a safe heaven investment during hard times, such as regional conflicts/wars and economic depression like situations. However, the returns on Gold investment during the past 10 years have not been as lucrative, when compared to alternative options like Bitcoin or stocks like Amazon, Google and Apple. Despite this, it is prudent choice to include Gold in our investment portfolio for diversification and risk mitigation. |
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