It's difficult to predict the future of the economy with certainty. Economic situation is very challenging to all countries, its possible that the economy could recover and grown in the future. But for now most of the countries feels the economic decline due to inflation. Most of the goods and services are getting more expensive and a lot of workers had been laid off because of the cost cutting scheme of the companies to survive from the inflation that results to recession. The best way to recover everyone government, business and individuals to take steps to promote economic growth and stability, such as investing in infrastructure, creating jobs and promoting innovation.
and that means, we should not waste time thinking about this matter as it won't do any good in our personal lives. so better look for alternative jobs or additional jobs that can possibly help us in our financial needs. we can't trust the government to help us in surviving the crisis. we should take care of ourselves and find a way how to keep up with the rising cost of living. this is not the first time the economy has suffered from inflation, inflation is a part of the economy and it has a cycle. therefore, economic recovery is certain but inflation will soon return in the future. i agree with you, we shouldn't waste time researching and coming up with solutions because it's the government's duty, we alone won't do anything or come up with any good idea. Instead, finding a way to save ourselves from inflation is what we should do above all. |
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I'd definitely sell some when it looks like the price might have reached the cycle's peak. I'll be aiming to sell around half of my stash (depending on where the price will be) to help me finance some purchases to improve my own and my family's life. For the remaining part, I'll probably sell also around half of that (so ~25%) and try to buy back when bull run ends. But, as historically I wasn't doing that great in predicting market trends, I'd like to just hold the remaining 25% (i.e. in case I make a bad call and bull run keeps going). I don't intend to ever sell 100% of my bitcoins and would like to pass at least some to my children at some point.
Well, selling is the most intelligent thing to do when the market reaches the peak of the cycle. then wait for some time and reinvest if we feel that Bitcoin had already reached the bottom. If we are wrong in our assumption then we can always cost average until we are satisfied on the average cost of our investment. This way we can easily grow our Bitcoin portfolio over the course of time. Just repeat the said strategy every cycle and we will find ourselves holding way more Bitcoins that our initial investment. That said, I am also selling part of my holdings if I feel that Bitcoin had reached its peak and rebuy when the price become cheaper. There is no such thing as being too intelligent or too hard to do that. i mean, most investors will do this because everyone's goal is the same, it's profit, I mean, it's very easy, a strategy that almost everyone knows. i wonder, but why is there always a loser in this game, and is the market always so easy to predict? buy when the bear season comes and sell bitcoin when the bull season comes? the market has done it over and over again 3 times, and I think there may be changes soon that makes it more unpredictable. |
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Investment may not guarantee someone's to success, and it's might guarantee someone's to success, because if person follow the rules of investment, then success is guaranteed. If an investor invests and holds their coin until a bull market, they will definitely be making profits out of their investment. And I'm very sure person can become rich in the future and do it consistently, and not an unprofitable investment or make you not rich, because it all depends on your knowledge and planning over a thing you're doing or trying to do.
i didn't see you mention any risk in investing, and as the op said, investing has no guarantee that you will succeed or will always get a return. everything is risky and the risk is higher when we talk about cryptocurrencies. Not every coin will bring you profit, not every coin will increase in price when the bull season comes. One more thing, history has proven long-term holding is profitable, but we can't guarantee that will happen in the future. So never say for sure or confirm anything in this market. No guarantee unless you are holding either Bitcoin or ETH as history always repeating itself, just buy and hold and set your target then forget about your investment for a while. If things favor your side in a much quicker time frame, then it will be good, but if you need to wait for a longer time, then it's okay as you trust the asset that you are holding. Only time can tell whether the market will bounce high and give you decent benefits, not a guarantee as what OP said but chances to earn a good amount is also possible to happen. I still want to re-emphasize OP's point, there is no guarantee that investing will make you rich. what do you have to prove and confirm that history will always repeat itself? it is often said that the future is unpredictable, if you can be sure, does that mean you already know the future? to me, if everything were so predictable and easy to make money, we all would be rich, everyone would borrow money and sell all assets to invest in bitcoin because, as you said, history always repeats itself. |
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Investment may not guarantee someone's to success, and it's might guarantee someone's to success, because if person follow the rules of investment, then success is guaranteed. If an investor invests and holds their coin until a bull market, they will definitely be making profits out of their investment. And I'm very sure person can become rich in the future and do it consistently, and not an unprofitable investment or make you not rich, because it all depends on your knowledge and planning over a thing you're doing or trying to do.
i didn't see you mention any risk in investing, and as the op said, investing has no guarantee that you will succeed or will always get a return. everything is risky and the risk is higher when we talk about cryptocurrencies. Not every coin will bring you profit, not every coin will increase in price when the bull season comes. One more thing, history has proven long-term holding is profitable, but we can't guarantee that will happen in the future. So never say for sure or confirm anything in this market. |
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the advice could not be worse because trading is not for everyone, do you see how many people have succeeded and become wealthy through trading, especially newbies? currently, the economic situation is precarious, making money with traditional occupations faces many difficulties, but that does not mean that we give up our traditional jobs and go to trade. That's really bad advice, and if someone is going to do it, it's a stupid idea. by the way, have you become rich by trading? I will be glad if you can provide proof.
If you have in mind that we can become rich by trading easily then we are on the wrong side because you need lot of experience,skills and also face loss in your trading journey.You see people earning good and also doing promotions that you can also earn good but don't follow them blindly as it's hard to time the market because lot of analysis is there to make decent profits.So learn with time and for earning you need experience and skills then it's easy whether online or offline. Even for experienced, so-called professional traders, losses are inevitable. there is no concept of stable income in trading, so it cannot be compared with offline work. for newbies, I think when starting to trade, if you don't want to be disappointed, think about how much you will lose rather than how much you will gain. I haven't seen a single newbie make a profit in the first few months or years. as you said, making a profit requires experience, skills, and knowledge... and these things cannot be obtained overnight. it is built with a trade-off of time and money to gain, so people always say that trading is not for everyone. |
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You can try to find an altcoin that will rise when bitcoin is flat or fall, but this is not an easy task. Basically, we see the market following bitcoin, so I don't see the point in looking for an altcoin that will bring in more profits compared to bitcoin, and when there is a risk that the price of this altcoin may fall significantly.
Finding an altcoin that can bring big profits is not easy, and not everyone can do it. but if you want to find altcoins that are more profitable than bitcoin and still pretty safe, we also have eth and bnb. imo, they are reliable altcoins to invest in even though they won't be as safe as bitcoin, but their returns will definitely be better. investing in altcoins is not so bad because of the returns it brings, but it is not suitable for too many people because its risks are pretty large compared to bitcoin. better to put a small part of the money in altcoins, most of it should be invested in bitcoin. |
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Very useful if the youths know how to use it, I know some students in a university that have no supporters, some have no parents and bitcoin is what they have been using to keep themselves in school, they learn trading and few other things that net them good amount of money per month, they are able to even invest in crypto with extra money.
If people in a very hard tight spot can still be able to provide for themselves then definitely anybody can do it, I keep telling people to invest in Bitcoin like the stock market and real estate because the difference is not that much and Bitcoin brings in more profit than stock and real estate.
There is no guarantee that simply putting money and investing in bitcoin will automatically generate profits, when giving advice to someone, we should also talk about the risks they take when investing. bitcoin offers more returns than stocks and real estate, but the risk of losing money is also much higher. Whether young or old, bitcoin will be useful if they understand it and invest in the right way, it will always bring benefits. and if they don't have knowledge plus greed, it won't help them, but on the contrary, it will hurt them. |
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the advice could not be worse because trading is not for everyone, do you see how many people have succeeded and become wealthy through trading, especially newbies? currently, the economic situation is precarious, making money with traditional occupations faces many difficulties, but that does not mean that we give up our traditional jobs and go to trade. That's really bad advice, and if someone is going to do it, it's a stupid idea. by the way, have you become rich by trading? I will be glad if you can provide proof.
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It's not that he is busy but maybe he is only lazy or find it hard to learn on his own because you know, trading is not an easy activity but it requires a good head and a lot of patience. Twitter is a social media and telegram is a messaging app, also known as scammers den. I will go for tradingview when it comes to trading matters.
Nothing sting like the truth, I also believe that people who say they are too busy and don't have time to learn about trading are lying. they feel it's too hard, they can't make money from it on their own, and they make the excuse of being too busy to seek help from others. they go to work to make money and trade also to make money, maybe even earn more than their main job if they know how to trade. So there is no excuse for not having time, all just excuses for their laziness. |
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I decided to buy a wallet and try to make money on the crypt. Which one to choose, is there at a price of more than $ 200 is there less, what to pay attention to? It is for a beginner, I don't want to lose a lot of money if something doesn't work out.
you don't need to spend $200 to own hardware wallets, they are much cheaper. the 2 most popular wallets today are Ledger and Trezor, but there is some unclear information about Ledger wallets, so I recommend you get yourself an affordable Trezor wallet, and the one thing it excels in is open source. For a bitcoin investor, storage is extremely important knowledge, I'm glad you've been interested in it since you were a newbie. |
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As a lecturer he should believe in whatever he believes in, but stopping his son from learning about Bitcoin is wrong, as a lecturer what makes him believe that he will always be right? We were taught in school that knowledge is power and this one is stopping people from achieving knowledge.
Not every lecturers are open minded regards technology and innovation. Many lecturers (although I can't assure if it's the case here) are on confortable social and financial positions on their local communities that they become blind to the issues most people are facing and struggling, because their personal lives are nearly to perfection considering their personal needs. Therefore, any hypothesis of changes are immediately rejected by these individuals, since they could mean potential threats to their currently way of life. i don't blame them, I mean, in their position, they are living a life where they are content with what they have and don't need to change anything. if you live the life you want, have a house, a car, and a high income… your life is perfect, then you have no reason to change it. We should not blame anyone because everyone has a different perspective and way of looking at life. we look to bitcoin because we are looking for wealth, while many people don't need it because they already have it. |
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Saving is part of my life and I have never seen it as an impossible task that needs to be done with efforts. It should be good for you if you have multiple sources of income, but I don't know if you need to maintain a percentage of that amount each month. Even if saving is recommended, but I don't think it's necessary to have a special percentage in doing so and just do how many you can save. If you insist on saving a certain amount each month then you may run into problems when your source of income dries up for one reason or another. This will definitely give you a lot of responsibility so that you can or should reduce your daily and monthly needs to get the percentage that you set. You can do it, but your method cannot adopted for other users. But if we don't have a specific goal, it makes us more lethargic and lazy. It is better to give a specific number because we will be more disciplined with ourselves to achieve that goal. you are right that we apply it will make us more stressed in life but that savings will come in handy in your emergency. i also like to impose a specific number when it comes to saving and investing, which will help me reach my goal quickly rather than dragging on and never completing it. You are right - life without a goal is a wasted life I wasted my life not setting a goal - and had been a complete failure Setting a goal is very important Setting a goal is truly important, especially when it comes to goals with responsibility. Take me as an example, before I got married, everything was responsibility-free and to be honest, I did not think much about my life. After my daughter was born, I started changing. I began to set both financial and life goals and then strived to achieve them with all my best. I am thankful that all the goals are like anchors to my life, transforming me to be a better man. Sometimes we have to admit that goals are blessings. It is never too late to set a goal. Please put together and live your life to the most extent. All the best to you, man. I'm like you in this, I think we men just set goals and start taking on more responsibilities when we get married and have kids. before getting married, I had no specific direction or goal for my life. but when I have a family and especially children, making money, setting a goal, and trying to achieve it every day keeps hovering in my head until it's done. it can be said that men's goals actually become clearer when they have a strong motivation. |
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Why don't you think it is both? If you want to use bitcoin as a payment method or currency, then use it without caring what others say. likewise, many people prefer to use it as an investment, an asset, also of their choice. No one is wrong in this situation, and it shows that bitcoin is superior to fiat, compared to gold, it is the product of a composite of the advantages of other assets. Use bitcoin your way, and don't mind what others say because everyone's life is different.
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It is possible that social media is becoming more business oriented because of the digitalization and increasing needs of people to generate income online. Social media still serves as platform for socializing and connecting with your family, friends, etc. Both socializing and business can co exist on social media and many businesses now use social media to connect or interact with their prospective customers and possible they can build relationship. Social media is a big help nowadays specially to small business who are in the stage of start up.
It is true that that is the added value of having a social media platform. Karen really makes building a business easier to do through social media. Even if in the past, when we wanted to open a clothing store, we needed to buy a physical store. Well for now even that doesn't have to be done. Because currently trading clothes does not even need to have a physical store. Even an online store is enough for now. The point is social media also helps reach a wider range of potential customers or consumers that can be obtained. Actually, that's the point, social media is more on the business side now unlike before that it was created for connecting to all your friends and relatives, especially those who lost that connections. Now, when checking your page, there are many recommendations about businesses and if you mistakenly click one of those pages, then expect you will see a lot of the same pages. But getting that point of yours, social media helps businesses most of those small time and freelance businesses. social networks are still used to connect people with each other, not just for business. it is up to each person's purposes and needs that we decide what it is, not let it decide for us. Many people are using social media for business, but that benefits not only them but also us as consumers. we can comfortably shop at home without having to go out and save time and money when shopping online at a cheaper price. I find that what it brings is more benefit than harm. |
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Luck can play a role in success, it may present opportunities but it depends on the individuals to take advantage of them through their own efforts and persistence. But luck alone is not enough to guarantee success. Hard work, perseverance and other factors can also play significant role to attain success. Ultimately success is a combination of luck and effort. Success can be defined in many different ways and what may be considered lucky or successful for one person may not be the same for another.
Both luck and efforts play significant roles to success. When you’re lucky, you get vast opportunities in life which will be life changing for you. But that won’t ends there. You need to put an action in every opportunity that comes, and take calculated risks so you can make the most of it. Endless efforts should be made at least so that success will be a guaranteed one along with your patience and perseverance in everything that you do. luck not only plays a part in our success, but in my opinion, it also plays an important role in our success. if we are unlucky, opportunities will never come our way, that's why there are still many people who work hard but fail because they don't meet or seize any opportunities. but when there is an opportunity, we must work for it to succeed, we will not succeed if we do nothing. You are right, luck and effort are necessary and sufficient conditions for a person to be successful. |
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Saving is part of my life and I have never seen it as an impossible task that needs to be done with efforts. It should be good for you if you have multiple sources of income, but I don't know if you need to maintain a percentage of that amount each month. Even if saving is recommended, but I don't think it's necessary to have a special percentage in doing so and just do how many you can save. If you insist on saving a certain amount each month then you may run into problems when your source of income dries up for one reason or another. This will definitely give you a lot of responsibility so that you can or should reduce your daily and monthly needs to get the percentage that you set. You can do it, but your method cannot adopted for other users. But if we don't have a specific goal, it makes us more lethargic and lazy. It is better to give a specific number because we will be more disciplined with ourselves to achieve that goal. you are right that we apply it will make us more stressed in life but that savings will come in handy in your emergency. i also like to impose a specific number when it comes to saving and investing, which will help me reach my goal quickly rather than dragging on and never completing it. |
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Everyone's definition of happiness is different some are happy with less material things like in a good company, family ,friends but some are happy with money around them like they want to party , use money on different habits , vacations and stuff . So this is totally up to yyou how you think about this life if your life is all about money than definitely you are in a wrong direction.
Money is not everything, but it is also everything in this day and age. I want to ask you, do you feel happy without money? your family, wife, and children don't have a full life like other people, are you happy? i don't think it's wrong to live our lives around money, because it's what rules the world. without it, we are nothing in this world, no one will consider you human if you don't have money. |
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the whale is an individual investor with control over the cash flow since crypto is decentralised.
what evidence shows you that whales are individual investors? They can also be an organization, a group of people with much money playing together. sharks can be anyone as long as they have a lot of money and have the ability to manipulate the market. one more thing, the crypto industry is not decentralized, only bitcoin is the only decentralized coin of the entire crypto market. The rest of the altcoins are centralized, just like traditional banks and institutions. |
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Ignore those and evaluate the results they achieve, you will know if it is a good or bad investor. many investors have a good plan and calculate everything perfectly…but if the results are not as expected or not profitable, they are not good investors. I believe that each person has a personality, a mindset, and the way to success is never the same. so, don't be too rigid with the propagated theories, but find the best method for yourself.
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To say the least, I choose to invest in bitcoin as an asset like gold. Because, over the past decade, bitcoin still exists and its potential for development is still there, the liquidity in the market has also gradually started to become more stable than before. So choosing it as an accumulative asset is a good thing. If you want to make money faster in this market, I think it is reasonable to switch to altcoins because the push of the fish can make a coin x10 x20 and reach the top 500 coin markets easily.
Right now, it's better to focus on Bitcoin first. Bitcoin is like the benchmark and reference point for all other cryptocurrencies out there. Although some altcoins can bring in huge profits, many of them are still questionable. It's not really a benefit to ditch Bitcoin for altcoins just because they have the potential to make more money. The truth is, fundamentally speaking, altcoins are not better than Bitcoin. You must have noticed, haven't you? Many altcoins come and go, which proves that they still can't compare to Bitcoin in terms of significance. We don't need to give up bitcoin entirely and switch to altcoins, but to maximize profits, we can allocate a small portion of capital to altcoins. why do we always stubbornly only invest in bitcoin when many altcoins are offering better returns? it's like when we curse billionaires like warren buffett or Bill Gates, who don't know anything about bitcoin and they are only loyal to gold and real estate. No one said altcoins are better than bitcoin in terms of technology, but do we invest for profit or for technology? There is no denying that altcoins offer better returns. |
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