My experience tells me that everything involves around crypto project, Is about risk, except for the president of them all ( Bitcoin ), The vice ( Ethereum ) and the child ( Binance ). Investing in any of these 3 gives risk free system. As they say experience is the best teacher in life.
Investing in Bitcoin, Ethereum, BNB is not risk free. Every financial markets has its certain level of risk, even if you invest in Gold iy is still a risk, as you can either make profit or loss on your investment. |
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Scammers are always coming up with new cryptocurrency-based schemes to steal your money. Here are a few things to be aware of in order to prevent a crypto con. - They reach out to you first. If you receive any strange message asking you to send some coins to claim some reward. They are 99.9% a scammer.
- If the reward is too good to be true. They always promise an enormous ROI on the money they intend to scam you of.
- If you don't have to do anything to receive a reward. There's a saying that, if you're not paying for it then you're the product. The 'paying' outside literal context can be any effort on your part deserving of such reward.
- If they ask for your private keys. "Not your keys not your coins" is a popular crypto phrase and if anyone should be in possession of your coins or keys it should be you and only you.
- They send you random links. It is pertinent to note that, you should not click any link from any stranger as they might be phishing links or a keylogger.
These and many others are obvious red flag to identify a potential scam. Even if they're not as obvious as these, trust your gut feelings as most times you would be right. Others opinion are highly welcome on how to know and avoid scams. This is a thread I made on how you can avoid scam projects. |
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Investing in a meme token like doge isn't something I would consider a wise investment. Elon musk has made it into a pump and dump token. Once he tweets about doge, the price will fly and when the euphoria dies people will be left holding their bags at loss even though some will make money but that basically is a pump and dump to me. Elon's influence is too much to consider investing in it.
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even though bybit only allow small amounts of investment but I think it's better than in kucoin where the raffle quite literally are just too many people following the token sale, i wonder what makes this coin considered to be so precious, all the supports and demands that's coming just so many.
Its a big project and a lot of upcoming dapps and partnerships. Kucoin is the best choice for opening up aside from the bybit allowlist. At least they open it up for general users who wishes to participate. The only dissapointing part here are the supporters or community which needed to raffle their supposedly free slot or airdrop. Half of them are not been able to participate due to a lot of reasons and limited slots. Whethet it turns out good or bad. This will be one of the top project next to other L1. They did mention that all allowlisted users will not have to go through another round of raffle on exchanges, so even though kucoin allows just about anybody to subscribe, they still won't get the allocation on mainnet unless they were picked by Sui foundation. |
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There is an edit option on metamask when you try to approve transaction but the downside is that your transaction will take a long time to go through but it is possible. Alternatively, you can import your seed phrase to trust wallet. The gas fee is relatively cheaper compared to metamask
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The story you shared is indeed a sad one, and it's understandable why the man would be wary of going into business with anyone again. It's unfortunate when trust is broken, especially in a business partnership that involves shared goals and finances.
However, it's important to remember that not all business partnerships end in betrayal or failure. Many successful businesses have been started by friends who share a vision and work well together.
When going into business with a friend, it's important to have open and honest communication from the beginning. Discuss your expectations, goals, and responsibilities, and make sure everyone is on the same page. It's also important to have a solid agreement in place that outlines the details of the partnership, such as ownership shares, profit distribution, and dispute resolution.
One of the biggest concerns when going into business with a friend is the potential strain on the relationship. It's important to maintain a professional attitude and keep business and personal matters separate. Regular check-ins and clear communication can help avoid misunderstandings and ensure that everyone is happy with the partnership.
In summary, while there are risks involved in any business partnership, it's possible to work through them with open communication and a solid agreement in place. It's important to weigh the potential benefits and risks and make a decision that feels right for you
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Investing is crucial for assuring a better future, therefore it's a good idea to weigh the benefits and dangers of various investing possibilities. Both real estate and cryptocurrencies are well-liked financial options, so it seems sense that some people could choose one over the other.
Since real estate tends to be more stable and less susceptible to jarring price changes than cryptocurrencies, it is typically thought to be a less dangerous investment than cryptocurrencies. As you pointed out, though, this also implies that the incentives might be less substantial.
On the other side, cryptocurrency may be able to provide bigger returns, but because of its volatility and lack of regulation, it also entails more dangers. It's critical to keep in mind that the cryptocurrency market is still very new and unpredictable, so caution should be exercised when investing there.
In the end, a person's unique circumstances, risk tolerance, and investing goals will determine whether they choose to invest in real estate, cryptocurrencies, or any other investment opportunity. Before making any investing selections, it's crucial to conduct extensive study and consult with financial experts.
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It makes sense that you are unclear about the tax laws in your nation and the various restrictions for various forms of income. It certainly seem unjust that some individuals with high incomes are exempt from taxation while those with low incomes must pay taxes.
It's crucial to keep in mind that taxes are required to pay for crucial public services like healthcare, education, and infrastructure. These services wouldn't be accessible to everyone without taxes, and the burden would fall disproportionately on the less fortunate.
It's also important to remember that tax avoidance is prohibited and has dire repercussions. While some people might be able to avoid paying taxes for a while, they might end up getting caught.
Everyone needs to pay their fair share of taxes, according to their income and other relevant circumstances, in general. You may wish to speak with a tax expert or government representative if you have issues or questions concerning particular tax laws in your nation. They may offer you more information and direction.
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Over-reliance on the US dollar can have several negative effects on countries that heavily depend on it as their primary reserve currency. With the expansion of BRICS (Brazil, Russia, India, China, South Africa), there has been a growing trend of countries diversifying their reserves away from the US dollar and towards other currencies, including the Chinese yuan.
One of the primary effects of over-reliance on the US dollar is that it can make a country vulnerable to fluctuations in the value of the dollar. If the dollar weakens, the value of the country's reserves also declines, which can have negative implications for their economy.
Furthermore, being too dependent on the US dollar can limit a country's ability to conduct international trade with other countries that use different currencies. This can lead to increased transaction costs, as well as make it more difficult to negotiate favorable trade agreements.
In relation to China's expansion of the BRICS, their efforts to promote the use of the yuan as an alternative to the US dollar could potentially have several positive effects for countries that adopt it. For example, it could lead to increased trade with China, which is currently the world's largest exporter. It could also reduce the vulnerability of countries to fluctuations in the value of the US dollar.
However, there are also potential risks associated with China's expansion of the BRICS, particularly with regard to its geopolitical ambitions. Some countries may be concerned about the growing influence of China and its potential use of economic leverage to achieve political goals.
Overall, over-reliance on the US dollar can have negative implications for countries that heavily depend on it, and the expansion of the BRICS could provide an opportunity for countries to diversify their reserves and reduce their vulnerability to fluctuations in the value of the US dollar. However, there are also potential risks associated with this shift, particularly with regard to China's growing economic and geopolitical influence
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There are several key things you should have in place before starting a business to increase your chances of success. Here are some suggestions:
...
Those are the elements needed to start a business, but even if you have enough of those factors, there is no guarantee that you will succeed, if success comes so easily, no one will fail. defeat at all. Life is colorful and everyone will encounter different situations, so the same formula will have winners and losers. For me, if you want to succeed, you just have to work, work, work hard, if you fail, keep getting up and never give up until you succeed. None of what I listed is fail-proof for a business endeavour. They're only just a suggestion but you will agree with me that having a plan is better than having no plans as one is closer to failed business than the other and it's not the former. |
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If you're reading this to find a tip when and of how and when to start, Just start. Business is simple. Just "money In". Do something that will make you money. Making a logo won't make you money but finding a good prospect whose willing to exchange their money to the value you're offering regardless of not having an online presence, logo, marketing, or supporting network is a sound money making business. You don't need a perfect plan. A good plan executed today is greater than a best plan tomorrow. Just do it now. Business is money in. You don't need a strong foundation right away, but you need strong character to start and continue. Some do business because they are bored, want fame, or recognition despite of not making any cents. Real business is making money. And your success depends on your own definition.
While it's true that making money is the primary goal of any business, there's more to it than simply "money in". A solid foundation, including a well-thought-out plan and a clear understanding of your target market, can make a huge difference in the success of your business. Having a strong online presence, a well-designed logo, and effective marketing can help attract potential customers and establish credibility in the marketplace. Additionally, a supporting network can provide valuable resources and connections to help grow your business. While it's important to take action and not get bogged down in planning paralysis, it's also important to take the time to develop a solid strategy. Rushing into a business without a plan can lead to costly mistakes and missed opportunities. Ultimately, success in business is about finding a balance between taking action and planning ahead, and defining your own version of success. |
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The concept of automatic savings is a valuable one, as it allows us to overcome our natural tendency towards present bias and immediate gratification. As George S. Clason writes in "The Richest Man in Babylon", "Wealth grows where men exert energy to acquire it." By automating our savings, we can ensure that we are consistently putting in the effort to build our wealth, rather than relying on our own willpower to save. As we continue to deposit a fixed amount of funds at specified intervals into our savings or investment account, our wealth will grow steadily over time, without the need for constant decision-making or discipline. This is a powerful tool for anyone looking to build a secure financial future.
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There are several key things you should have in place before starting a business to increase your chances of success. Here are some suggestions:
A clear business idea: Your business idea should be well-defined and specific. You should have a good understanding of your target audience, competition, and the problem your business solves.
A business plan: A comprehensive business plan can help you identify potential obstacles and create a roadmap for success. Your plan should include a market analysis, financial projections, and a marketing strategy.
Sufficient funding: You'll need enough money to cover startup costs, ongoing expenses, and to keep the business running until it starts making a profit.
Legal and regulatory compliance: Make sure you're aware of any licenses, permits, or certifications required to operate your business legally. You should also consult with a lawyer to ensure you have all the necessary legal documents in place.
A support network: Starting a business can be stressful, so it's important to have a support network of family, friends, or mentors who can offer advice and encouragement.
A marketing strategy: A solid marketing strategy can help you attract customers and establish your brand. You should identify your target audience, research your competition, and choose the most effective marketing channels for your business.
A strong online presence: In today's digital age, having a strong online presence is critical. You should have a professional website, social media accounts, and other digital marketing strategies in place.
A team: You may need to hire employees, contractors, or consultants to help you run your business. Make sure you have a plan for finding and retaining the best talent.
These are just a few of the key things you should have in place before starting a business. By taking the time to plan and prepare, you can increase your chances of success and build a strong foundation for your new venture.
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One approach one could take is to contact ones creditors and explain the situation. They may be willing to work with you to develop a payment plan that is more manageable for you. You could also consider consolidating your debts into a single loan with a lower interest rate, which may make it easier to pay off your debts over time.
Another approach is to take a close look at your expenses and find ways to cut back on unnecessary spending. This may involve making some difficult choices, such as giving up certain luxuries or finding a more affordable living situation.
Finally, it is important to develop good financial habits that can help you avoid falling into debt in the future. This may include creating a budget, saving money for emergencies, and avoiding unnecessary borrowing. With time, discipline, and patience, it is possible to break out of the cycle of debt and regain control over your finances
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It is true that some countries, including India, Iran, and some Eastern powers, are buying gold as a way to diversify their reserves and reduce their dependence on the US dollar. It is also true that the US dollar has been losing value over time, due in part to the large amounts of money the US government has printed to finance its deficit spending.
As for the claim that the US inflation rate would be much higher if other countries weren't absorbing some of the inflation, it is difficult to verify this claim without further context and evidence.
Regarding the suggestion that we are in the midst of an economic World War III, this is a controversial claim that is not widely accepted by mainstream economists. It is true, however, that there are ongoing economic tensions between the East and West, particularly with regard to trade and currency exchange rates.
As for the impact of these developments on Bitcoin and the outlook for 2023, it is difficult to predict with certainty. Bitcoin is a highly volatile asset, and its price is influenced by many factors, including economic and geopolitical developments. As for the broader economic outlook for 2023, it will depend on a variety of factors, including global economic growth, inflation rates, and geopolitical tensions.
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I'm sorry to hear about your uncle-in-law's struggles. It's a harsh reality that even hardworking and diligent individuals like him can face financial difficulties in today's economy. Your observation about the importance of preparing for our future is spot on. We never know what life may throw at us, and having financial stability and security is crucial, especially as we age. It's never too late to start saving and investing in our future selves. I hope your uncle-in-law can find a way to overcome his current challenges and that his situation serves as a reminder to all of us to plan ahead and be financially responsible.
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While the popularity of crypto currencies has indeed been on the rise in recent years, it is important to remember that they are a highly volatile and speculative asset class that carries significant risk. While it is possible to achieve financial freedom through investing in crypto currencies, it is not a guaranteed or easy path. It requires a deep understanding of the market, careful risk management, and a long-term investment strategy.
Furthermore, while the decentralization and global nature of crypto currencies offer some advantages, they also present challenges and potential regulatory risks. It is important for investors to educate themselves thoroughly and seek professional advice before investing in crypto currencies.
In summary, crypto currencies can be an attractive option for those seeking financial freedom, but they are not a one-size-fits-all solution and come with significant risks that must be carefully evaluated.
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