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You has a high standard I mean you are telling that we need to be rich to get married which most of us are not true , as long as you work hard, still earn money to feed your family and doing best for your family then it is okay to get married as long as you accept it and ready to tackle the responsibilities. No matter if the person is rich in crypto or in fiat as long as you loved her then you can marry her, financial capability of a person cant be the bases to marry a person, its a love towards them.
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Exactly well said, people tend to try things that are "easy money" if they hear others earned a lot profit by doing things like investing and trading, not knowing their techniques and experiences. For sure it will just lead to loss of their funds. It should be a common action to deeply understand the concept of investing and trading and the common nature of it's risk. 50/50 is the always situation you'll get but you could reduce that probability if you have the prior knowledge and wise decisional making, if you lack those then the outcome would probably loss.
Because these are other people's stories, you don't know what kind of experience they have and how many failed attempts they had before getting a good result. So successful stories are good, they will motivate us, but we must evaluate our strengths and rely only on our experience. If we try to invest money according to someone's recommendations, then most likely we will lose money and there is little good in this. also we have our own path meaning it is not 100% successful if we copy how they implement their business like what they have done because there factors on it , it doesn't mean that they are successful on that niche of business you will be successful on it too by copying them. Knowledge is really the key on it , you just make them an inspiration and ask for an advice as for sure they have more experience than yours. |
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Automating savings is truly can help us to save more. In an online banking we can set it up that every pay day a portion of our salary will go to savings. We should think that as if we had save something so that we will not be tempted to withdraw what we had saved. If we continue to do that automatic savings, in ten years time we will be surprised on how much we had saved. But if you are a risk taker you will put your automatic savings into bitcoin and other crypto currencies because of the possible profit we might get in long term.
It is really a good idea for those who has not discipline like they kepts spending their money and cant control themselves but for those people who has just enough salary i do say they tend to always save if they can even if it is a small amount since they knew that it can help them in the future. Also those people cant saved even though they have extra money they are forced on it which is good but this is my first time hearing this so i really don't know how the set up on this |
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I am just amazed, not worried, as to how they were able to recover if it was lost over that span of years, their bitcoin, and also what the story behind it was. For sure, anytime soon, they will sell it. Also, we ain't newbies anymore; we've already seen how Bitcoin dumps and how it comes back, so for sure, if they sell it, it will be just small bits of dump, and again, I am more worried about halving next year as I am expecting a lot with the price after it.
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Saving money isn't something anyone can afford to do, especially having family to support.
100% true and even they have a job/work still some of them will not be capable to save money since they have their daily expenses. We also tend to find more jobs just to save enough money for our future. Though It's hard for me to save money, Still, I'm gonna do my best to save enough since it will help if there's an unexpected thing that happens to me. If our income or salary is big then for sure we would be able to save but the problem is not that is why others tend to have 2 jobs at a time so that their income is big and able to save for the future but still even others that has this is unable to save because they have self discipline. For sure all of us wants to save but there are circumstances that we cant |
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This is like explaining what is bitcoin in 3 years old. They have their own thoughts and for sure they will stick to it so I think of you already explained your part then that is already enough dont make your self explain more or done insist more because if they are closed minded they still unable to understand it .If you are still friends with them both of you and your friends should avoid this kind of conversation just be friends and dont talk about it so both of you wont argue
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Losing money with a large amount according to our calculations is an annoying thing, I have also experienced losing money with a large amount in my opinion especially since I have almost no other money so I have to owe it, especially if we store assets in high risk crypto so if we don't be aware that you will be easily exposed to a scam.
That is a frustrating experience you do not even know how to win back the money you had lost. That is why we need to research and study first before we will invest. Always remember to invest only what you can afford to loose otherwise you will be bankrupt. Yes crypto is a high risk investment, so next time do not invest all of your money into crypto we never know how long it would take for us to take profit. That is true there's a lot of scam evolving in the crypto world, that's why be smart in investing. The problem with people now a days is that they always thing about the profit meaning they dont care on the risk when theu invest that is why the price drops a lot of people needs to panic sell just to prevent more loses, that is why knowledge is really a must before investing into something so that you are also prepared in worst case scenario |
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One of the best ways to cut food costs is to grow your own backyard vegetables, and there's no cheaper way to eat than to cook at home. Cooking yourself will cost less and the food is healthier. You order fish broth from any restaurant on any app. The price you have to pay is if you buy fish from the market and cook it yourself, you will spend less money, even with the cost of gas. It will save the cost and the relationship with all the family will be strengthened.
That is why it is better to have home cook now a days but again we people are getting used to eat outside to treat our selves and eat delicious food which is not that bad if we only do it rarely. Before I've just remembered that we used to buy foods through app as we are lazy to cook but when the pandemic hits that is really the struggle which i learned to cook that time and getting used to home cook foods and it saves you a lot of money and at the same time you enjoy. |
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It's like asking an uncertain question. It's possible that you can, but it's possible that instead you could lose that much money every week just to get the 100$ you want. What is certain in my opinion is that gambling or the lottery is something that is uncertain, high risk, and don't just think about the profit, but also consider the weaknesses and defeats that we might face. Especially if we are just beginners and don't have good skills or calculations and money and risk management in gambling. Plus if we often get bad luck. ha ha
Well, skills or calculations don't really matter when it comes to gambling and there is no beginner or expert in gambling and anyone can win or anyone can lose as long as they are lucky or unlucky. Though you can say that someone who isn't good at managing their finances well, might have to face more losses than wins. If the game is slots for sure it is luck based game no matter how many years you are playing in slots if you ain't that lucky you will not win, but there are gambling games that needs skills or some knowledge on it like card games most of this games are skill games because you need to learn the game and over time you'll getting good on this and if you are newbie on that games for sure you'll lose |
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Hello guys!
Today I was thinking about Bitcoin and where it will finally go up. And I came to the conclusion that I don't really understand what is the right thing to do with Bitcoin after it will "go to the moon".
So I wanted to ask you all, what are you planing to do with bitcoin when it will go to 70k, 80k etc. Are you planing to sell it or you will keep holding it?
If you will sell it, at what price are you planning to do it?
This really depends on my situation. If ever I am in need of money at that time, I will sell it regardless of the price, and if it hits the price and I have nothing to do with it, I will still keep holding on to it until I need it. My purpose really is for emergency purposes, and if I plan to start a business, I will probably get half of it, and the other half I will still hold. |
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Yes and No, it depends on how much this side job is fetching you, some side jobs are for extra money and they are not much and some are so good that you can be able to invest using such money.
I don't like side jobs because you are still going to work under someone, I won't expect anything great or life changing from this, it will be good if you can learn a skill that's not going away any time soon, a skill that will last you for a very long term, for example, I.T specialist.
Your life starts changing the moment money starts flowing into your bank account from different sources of income, a good side job or business can be very handy for a grown up man.
I think side jobs don't just refer to working under someone. however, developing a business is also included in a side job. However, the aim of side jobs is to increase income which leads to improvement and stability of one's finances. many people seek and develop their side job, then leave their main job because the side job has a bigger income. However, I think people who have second jobs or businesses have a goal of improving their finances. you have got a point here the best approach to life is to have your own small side business till the time you dont have investment It is still depends on the someone preference because not all can start small business as there are no capital and difficult to run it without any knowledge but it is really best because it would be passive income in the future if your business will be successful but for now if you have like family to feed and if you take risk to start a business and then it wont be successful both of you and your family are at risk. |
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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?
Real Estate and cryptocurrency are both profitable nowadays. But if you ask for these new generation investors, they will surely chose cryptocurrency knowing they’re good at technology innovations. But for me, it would be ideal if we both invest in them. After all, we can achieve maximum profits if we have various investments which we know that are both profitable. Don't put all your eggs in one basket; that is why it is better to diversify. If you have really big money to invest, it is better to invest in crypto and also real estate if you are torn between them, but again, both have their own risks that you should know about. Real estate is always booming, but when pandemics hit, it was not a good investment, which is why people at that time were having a hard time. |
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It's hard to distinguish the two when you're at a certain point, but politicians can certainly use their power to enrich many people who may return the favor later down the line.
That's simply another form of investment. Investing in a human person with hopes of being a godfather to that person and reap the benefits that follows. Most times, they repay these favours by awarding contracts to said persons and turning a blind eye on some unworthy and societal ills in favour of these persons. In that, money truly is powerful and rules the world. That's why its said, everyone has a price and some foolish once would even accept a price over there own head. I wonder how these suicide boombers gets to that point because, no price should be worth not living for. There is just so much one can archive with money in there pockets and thats why you've just got to have it. when it comes to these suicide bombers, they were already brainwashed for whatever propaganda they are fighting for. so i believe most of them don't care about the money but what they believe in. or maybe in some cases, they were being threatened about their family or loved ones. who knows what they were thinking doing such act? but we can't deny the fact that money is still creating a lot of differences on this earth. i don't think that's gonna change anytime soon. That is really lurking in my mind: how were they able to make those people suicide bombers as they knew that they would die in gruesome ways? For sure, they are threatened, or if not, they are really believing in their leaders, but again, they can't operate without money. People or rich people are sponsoring their things and weapons for sure since they are still able to do those things that can hurt civilians. Money is really almost everything; if you don't have money, for sure, you'll die. |
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If the person knows that risk, is it okay for him if the Bitcoin price is stabilizing or dropping for a couple of years and he sees his investment as a loss? Also, there is the risk that anything could happen to his investment. You know pensions are used by those retirees to enjoy their old lives, so I wouldn't agree with investing it all in bitcoin. I mean, you can invest some of it but also use it to enjoy your life and not stress out a lot to earn more because you are old and you've been working your whole life.
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Trust kills for sure that friend of yours saw an opportunity to get it . It is really better not to easily trust even it is your friend because when it comes to money people change on it. It is really best to have anothe plan incase this will happen like you can prevent it and also you sre hands on to the business because there are transactions that you dont know which lead to losses or worse he will run the money
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$30 isn’t going to make him rich, investing in bitcoin. It’s 2023 now, not 2010.
Investing $30 in bitcoin is better than leaving $30 in his fiat bank savings account with 1% interest or whatever crap rates they offer these days.
$30 is a very small amount but it’s a start I guess. Tell him to dollar cost average into bitcoin every month he gets paid, it’ll soon build up.
The goal is not to be rich but just to start investing bitcoin. It may small but it is a good start than having not investing on it whether it will be double or not it is still and investment which you can also accumulate over time by adding it when you receive your salary. But we dont know soon that because he starts out $30 he keeps motivated to adding more in bitcoin and eventually he accumulated 1btc over time |
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Last week, I met one of my uncles-in-law who has been a sailor for many years. In the past decade, he has been out of town and travelling all over the world to make a living. He has two children to raise and being a father who is always absent from their growing-up, he somehow does not know how to get along with his kids once he is back home once a year. In this transition period, usually like one month or two, he will find him some odd jobs to make money to support his family. Unfortunately in this economic downturn, it is very difficult to find a job so he is quite upset now. Staying at home means no income and this makes my aunt very anxious. This uncle is in mid fifties and he is one of the most diligient people I've ever known. Ever since he was young, he would always keep busy doing all kinds of jobs to make money. I have to say that he made some savings for some years but it was most used up by sending his daughter to study overseas. Under today's economic condition, he has to wait more time to be assigned onboard and it is said his salary will be slashed big next time he has an offer. Well, to make a living, he has to accept that. He used to be a happy-go-lucky guy and always have a smile every day, last week I saw him, he was more like silent and upset.
As he ages, the window for him is closing. I never saw him encounter any financial problem because he has been diligient and frugal. This meet-up has completely changed my mind. Even people like him are struggling financially and we'd better prepare a comfortable life for the old version of ourselves. This uncle is still doing okay although with some struggles but I am sure there are millions who are broke and wish they could have made and saved more money when they were young. Always plan for the future. What do you think ?
Saving money when we are still young is a good preparation for the future, the problem is how can we save money when we don't even have it, or we cannot support our daily needs, then there's nothing left for saving, it is hard specially when we are poor and we only have a minimum wages. I believe that there's a lot of people that is suffering with the situation they wanted to save money but how?. To meet their daily needs, there is no money left to save, therefore some people have side jobs to meet their needs as well as to prepare themselves in case of an emergency. side jobs will be very helpful if you want to have money saved for the future It's true that we never know what will happen, so for me a side job is important and must be considered, it will be much better for sure if you have more than one source of income, we have to learn new skills because it will help. Whats best now a days is that if you have skills and are lucky, you can find a side hustle online, like if you have full-time work and then after your work you can have like 5 hours for your side hustles online with your own comfort, unlike before when you would go physically, which is more exhausting because you need to go there physically. If ever we get a chance to have a side hustle, try to grab it, even if it is exhausting, as you need money financially for your future. |
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Indicators are lagging, meaning they are just predicting how the market behaves; it doesn't mean that the RSI is overbought; the market will then change its direction as the indicators tell it. News always has a big impact on the market, which is why you should always see the news before taking a trade because it is difficult to go against it, and mostly that is the time that those people who are not putting stop losses are losing their money.
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One of the best ways for a student to save for future fortune is by going through investment, as an investment generates more profits. But it could be a little hard for someone who is not getting finances from family or relatives and that makes me a 0erfect example. As much as I love to invest, I find it difficult based on what I expressed above.
The only solution to this is to find a part-time job. This is really known to students right now who are less fortunate because they want to continue their education but their parents can't due to financial problems. Though for sure it is not that easy as you'll go through a lot, that is the time you can save and start investing in something you want. Again, it may be easy to say but difficult to do, but that is the only way to have that money for investment. |
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I want to know if it right for children that are of 10-15years go in to trade or not because I have a kid friend of about 14years and very eager to learn trading but am scared of the lost and how long it will take him to understand what his doing, because it hasn't been very easy for me. So what your opinion please I need help? because I think is too risky for them to go in to trade for now.
Too risky for that age to enter in trading its not good to for them too. Tell to him to focus now on his study and tell him that their is a right time and right age to learn in trading. Trade is like a gamble they can lose or they can win so it's easy in that age to trade. 14–15 is better, like they are financially aware, like they are just playing, so for sure by the time they get to 18, they are already earning. I've seen a documentary about a trader that starts at 16 and now is 19 and is earning a pretty huge amount, but that kid just got curious about trading and made fun of it, but turns out he is successful at it. |
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