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As 2024 approaching many predictions has been made about economic crisis that will shake the world with many countries rising up to fight against one another
If these assumptions/predictions are to be true then what will be its effect on cryptocurrency most especially Bitcoin. As we know during war, economic activities are always grounded where many will be thinking only about their survival in terms of living than economic dealings and gains
Was recently discussing with a friend who is of the opinion that since Crypto/Bitcoin is a digital kind of money it should not be affected by any natural disaster or war but for me I believe it will be affected since crypto/Bitcoin is striving because people are making use of it and if these people are affected by war, which will disrupt flow of doing things the normal way, then crypto will die a natural death at least for that period.
Although we both agreed that even if there would be a World War III, participating countries will not be more than 6 going by previous wars but these countries will be economic powers that can/would ground economy of others countries depending on them. Hypothetically, say Russia, it might be difficult to pump oil to neighboring countries and other countries abroad that depend on them for their survival and might not be able to power countries including Satellites and Base stations (BTS) to generate data. Without data, cryptocurrencies will be useless as there would be no trading of any sort for that period.
Will like to know your view on these as 2024 prediction for Bitcoin, Ethereum investment is encouraging and we don't want anything to truncate this flow. For me I believe there won't be any war significant enough to affect investment in Cryptocurrencies.
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With cases of failed marriages and an increasing population of youths without proper training and upbringing, it's sad to know that the root cause of it is mainly as a result of poor financial structure and plan before entering into marriage.
Despite been financial stable is sacrosanct to good marriage, is just 1 factor among others that makes marriages works. Some people are stable financially and their marriages didn't work. Some were financial stable before marriage but years down the line that source of income stopped and their marriages were not shaken till they could get back on their feets whereas others did not. What makes a marriage to flourish boils down to individuals in it and their decisions to make best out of it as it takes two to tangle. Using a car as an example, you cant say Fuel is the best ingredient to make it work when we have engine oil, gear oil, fan belt etc contributing to its functionality, without any car will not work properly or function at all. [/quote] Setting up a system that is consistently bringing money before getting into marriage is almost as important as choosing who to get married to. as long as food and some basic needs of the children is not a problem, it's easy to tame your children to behave a certain way but if you lack the financial resource to taking care of your family, it's almost certain that you've lost your children to learning and depending more on others to meeting most of their needs which automatically defeat what ever moral you intend planting into their lives.
Having money or financially stable or lack thereof doesn't make a child to behave properly. If a child is not properly trained by conscious effort from the parents they will misbehave. Firstly, training a child comes from the PARENTS, then schools to society and if those parents fails to train them then they have passed their responsibility to School and Society and you know what goes on there now are not funny. Parent must be intentional in training there wards regardless of how busy and wealthy they might be. [/quote] It's very necessary we educate ourselves and the younger ones coming behind us to take their financial life seriously before embarking into the journey of marriage, even the Bible that most religious people depends on for guidance strictly admonishes that "he that can not provide for his household is worse than an unbeliever" and so you understand how important your financial life his before thinking on settling down.
100% [/quote] Your wife will in addition to the love you both shere , respect you the more if she knows that you've been very responsible when it comes to providing for the financial needs of the home and likewise, no man will want to loose A woman that support in providing for the needs in the home.
This statement is too general. A man can spend money on a wife and not respect her, a wife can be pampered with wealthy and still not respect the husband. Nowadays, what we have is transactional marriage. We are seeing cases everyday in High court with well to do people having issues with one another. Always study who fit your way of life and ideology to marry. Marry who respects you and who you respect because after marriage that might not change. [/quote] Don't be blended by love as a young person, their are times that love won't be enough to run a home and that's when factors like your financial strength can come through for you.
Love is never enough to keep a home but combinations of money, love, respect, openness, communication and most importantly Tolerance is the key. [/quote] |
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I don't think real estate and property is area of speculation i see real estate as place where to live and good for people to have some place to live as home.
The real estate prices don't make any sense because they are in the DEBT ECONOMY i stay away from debt economy yes you could make good profit but since debt economy bubble can pop it can trigger fast and you might not get out you can lose fast.
Debt is not in any way a positive thing because it drags people down when not appropriately used. Debt is just a gap you need to fill when in need, to be repaid with interest. It can be positive when properly used. Research has it that wealthy people borrow for business and investment purposes, as a matter of fact, many has become rich and wealthy with proper use of borrowed money. I know guys that have borrowed money from Financial Institutions for real estate investments that are really doing well in Nigeria. In summary, it depends on debt usability. |
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I trust btc / gold and cash. It's too bad many of us experinces a lot banking errors like the online banks don't work and cybercrimes in otherwords our money is not in safe and all those online bank wallets not always working good. Gold offcourse If you can hold it where good place to storage i trust physical locations  for example London and i can get credit on my gold collateral aswell There is nothing in life without its merits and demerits, i prefer liquidity to all though |
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Though I agree with the table but not applicable to all in each group, have to believe you used 80/20 ratio rule to arrived at this, which is fair. In the 80's, things are a little bit better than now as you can easily get a job that will set you up for the rest of your life compare to 2023. Even people in business find it easy because market were not saturated then
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Money and ideas are two vital ingredients in investment but you need to be able to operationalize them. Came across many people who have money without the idea on how to invest it, some are just wired that way because they are seeing money effortlessly from good paying job while some money are inherited. No matter what you tell them about investment they won’t budge.
There are others who doesn’t have this ideas but with cash but willing to invest in other people’s ideas and make a kill from it. Whether the idea is yours or not, it all boils down to willingness to operationalize it
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It's not enough having an investment plan, knowing the right choice to make for every investment defines the investor better. Take for example jumping on every new coin we find on reputable exchange might not be enough guarantee that coin will do well in the future.
There are many ways to invest and must be smart. First, you need to fully understand what you are investing in, no doubt Bitcoin is the best but Altcoins could be a source of good investment as well if prioritized and watched. Bitcoin is the only stable Crypto I know and when playing with Altcoin it needs to be on short-term basis as many are not decentralized or fully decentralized as claimed. |
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User: Call_Me_Guru
Position to Apply: Member
Posts Start: 67
Address: bc1qaf4yrqs2le4hgnpzzxq80dhd22zh5x530dcf8q
Address: To be updated
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I buy when the price drops and hold from then on. Later, if the price increases, I sell it again. This is how I buy and hold all the time. Good money can be made by holding short term in it. I think everyone should buy and keep like this. We can earn good income from it.
The time to hold your Bitcoin vary with styles, your style of holding and selling is good and can fetch you more money. But it can't be used at all times and I do not suggest such a style to be used at this period that FOMO is in strong play, no one wants to miss the opportunity like before. Everyone is looking for ways to buy and keep bitcoins and hold it for more than 1 year. The reason for this is not hidden from the member of the bitcoin forum again and I am blessed to be a member of the forum and will not miss the opportunity for the fourth time. Halving is coming, everyone has to get prepared to buy bitcoin and keep it. You may be doing your investment style but it should not be with all your bitcoin for you not to be pained when others are smiling to their accounts. This is the time that bitcoin can fake us, it might want to buy and not decrease again. This will not be fine for you if you are already in the sell position. |
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~snip~
Owning Bitcoin is always good, so you decided that correctly. Selling altcoins for it is okay, but if you want to play with higher gains or losses, then you should buy and sell altcoins. This is in most cases but with a lot of luck, you can also play at the roulette table something. On the other way, you will be very happy if you have bought a coin that has made a x10 and more. With bitcoin it will be less in the comparable time, but a more security not to lose everything, and with bitcoin you can be sure that it is denzentral.
The thing is that altcoins are basically centralized companies with no regulations or protections to the owners. You can easily lose 100% of your money in altcoins, because they really aren't the same as Bitcoin. But yeah, as you mentioned, it's a bit of a gamble, like going to the casino. Although the casino always wins. Keep that in mind. Bitcoin is the best but the use of altcoins can be a good investment opportunity, the problem is that the holders should not completely rely on one altcoin but many so that when one betrays the others will be there. Altcoins have their advantages in crypto investment, some will earn very fast return when Bitcoin will be moving with a snail speed. Nothing is bad in having your Bitcoin and altcoins altogether, is a way to reduce your dependency on one, you may only let your bictoin to be more for the safety of the investment to be high. Altcoins are not private and the decentralization of many of them is a lie and many of them can lead the owner to sudden bankruptcy when they decided to be seized for any reason. But not every of them, some are decentralized and offer you the privacy you desire. |
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I think there will be no hunger, no third world war, and there will not even be sunk ships. It’s just that Russia will destroy the infrastructure in Ukrainian ports on the Black Sea with missile strikes (it has already begun to do this) and Ukraine will lose at least $ 500 million a month in budget revenues from the sale of grain, which will have to be compensated from its own pocket by Western sponsors.
And there is no need for this hypocrisy about the famine, according to the UN, less than 3% of all grain exported from Ukraine during the year of the grain deal ended up in the poorest countries, and Russia is ready to compensate this volume for free.
You should know that this is not funny, being a Russian shouldn't even give you the mind to talk down on a serious matter like this. You may keep how the war will play out to yourself, the OP asked for the impact on feeding and how it could lead to more military actions that can again lead to World War III and famine. The last disagreement largely added to the global inflation we are gradually overcoming, people you will never know committed suicide in the last one due to hunger and depression and you are here down-talking it. Has if they ever have all it takes to compensate. You don't preach that Russia is a destroyer to the world again, it is all seen. You think a destroyer is better than a builder? |
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Oh just in the last 24 hours though, market went back to $30k'ish. I thought that we are going to maintain $31k but it seems that it's the biggest barrier or it is the price that sellers are ready to let go of their stash. But I think it's more on the speculators, short term traders that did the selling.
But in any case, still great opportunity again to buy and accumulate.
No need to complicate things for us, $40k will be breach no doubt about that, it's that we should wait a little bit further. Everything will happen with a reasons so just keep on buying BTC.
The price prediction of bitcoin is becoming more difficult daily, the playing around $30-31k may take long and could adjust it to $29-32k, this will not change anything. The short term traders can make their money in this condition and the opportunity for the long term traders to earn is pended to avoid high risks. The $40k expectation is not what will be hit in 3 months, it should have happened if it has the power to do so. Some people don't even want that for it to be bought at a low price before the halving bullish run. Only the collective buying and holding of bitcoin can help the bullish breakout that can make it easily jump to $40k. Many are not willing to lend their support yet, it will keep the growth of bitcoin limited. |
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Much demands and lack of discipline are the reasons money does not last in ones hand. It will be making you feel like you need to spend something at all time. Nothing is bad about this if money is enough as yours, it is meant for spending, but when money is scarce, you have to be prudent or you have yourself to blame.
What I do in this situation is to have a budget for the week and month and I put everything in writing when I discover that it is getting out of hand. The writing budget will expose your excesses and your wants and let you put them on the scale of preference depending on the money you can afford for the specific time.
There may be other things you will forget and those things that will be a necessity that will crept in, but the spending for the time will be more justified than not having budget and plan on your spending.
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The bear time of bitcoin means nothing to me, it adds no value than to reduce the purchasing power of my BTC. Not that I don't know how to trade bitcoin on future and spot, I decided to stop trading for months to focus on my job, it can be earning me more when I trade it but not with the little time I have. The only option is to be buying it to hold for many months and years to know what it can offer me.
Mine is personal, but to many too, I say that bulls time will be more helpful. The reason being that when bitcoin is falling, no holder can gain and those who think they can trade futures may lose their money. It is little people who gain from future trading. But the bull time will make everyone smile for holding as alternative to risky future trading.
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Twitter users can expect it to be more generous under Elon Musk at least if his promise sticks, Twitter will be seen as more open. But employees began to be fired but it's hard to get an overall picture of how Twitter users view the whole thing right now. Whether Twitter users will take kindly to this, or leave Twitter, may soon begin to show. And everything depends on the decision of Elon Musk most of the social media have spread these. This business idea of masks can be called a kind of bet. Mask's choice is cryptocurrency. He may bring forward transactions in the virtual currency of bitcoin.
Too much bad steps taken by Elon Musk is badly affecting Twitter but we should not think that Twitter will not re-strategize to overcome the challenges. A new management has been announced last month and Linda Yaccarino has the good record of turning a company around and monetize it like what Elon Musk want, the approach have to be different to avoid more problem. The fixing can take time and thing may look very ugly than this but Twitter will not leave for any other, it will continue to manage the good audience it has been enjoying on the platform. It is Elon Musk and the new CEO who should be careful with their utterances and mode of forcing new policies and features on people, this is not going down with the masses that built Twitter to this level. Angering people with a platform like Twitter can not go down well with anyone. |
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The statistics of how many women or men adopting bitcoin is not known, any things we see online about this should be lies. Bitcoin is private and decentralized, no many data can be collected to accurately tell us the percentage of woman and men adopting bitcoin. All I can say is that bitcoin is being used by many females I know, it has to continue that way and many will get to know about it yearly. But men tends to understand investment more than woman and have the mind for it more. This thought can be the only reason bitcoin is more used and adopted by the men but women are actively involves all the same.
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The US debt ceiling can not be good or bad for crypto, things will be the way they have been when times are there when bitcoin will get favoured and times will be there when it will lose value due to some adjustment in the USD value. The US money is not the only currency and asset that bitcoin is countering and this is what I know for many other valuable materials, they will get to have their time and the time they will be falling. The selling of bitcoin as of today when the US is facing the default threat can should affirm to you that the bitcoin can not always have the advantage and the USD can not always have the advantage, the two will have their time, good or bad.
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I like to read posts like this, since 2011? That is over 10 years. The reality is now and many are regretting not partaking, only little made the right investment back then. I wonder how wealthy such people will be of bitcoin as of today, bitcoin was around $1 in the year and anyone invested on it will gain much more. The prediction valued for $10,000 and over, but bitcoin nearly moved x6 of the prediction in the ATH, that is great luck for those who went for it.
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