Bitcoin to me have no problem with scalability at the moment and the only noticeable problem is with bitcoin user who failed to gain the necessary knowledge to push through the various ways and means of getting things done with using bitcoin as a speculative asset or daily user.
Bitcoin has been built as all one project that can be properly utilised e ed in whatever form but also must accept the fact that the availability of various tool that aids scalability and clear transactions make it clear that we must have built up enough knowledge that will enhance a stable-dealings with bitcoin.
Same thought, it's scalability haven't been an issue to me plus it's normal for Bitcoin since it's a volatile system which it's literally changing of it's value. With it's value its true that there's a lot of methods or ways to take action to the scalability of the Bitcoin. But the only problem that I've faced is that some of that transactions literally took a lot of days before finishing the transactions itself. Sometimes it took weeks, but I think it's also normal in Bitcoin but so far that's the only problem I have faced. For sure there's people that are still learning and finding some solutions to problems that we are facing rn in Bitcoin. |
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There are so many telegram signal groups out there both free and paid but trust me most of them are not worth it and won't make you any consistent profits. Better to learn trading by yourself or find a mentor to guide you.It will be much better than relying on trading signals.
There's a lot exactly and I could say most of them are literally scams. You thinking it's a group of people like you but some of them are already know each other planning to scam you. Even a famous trader or investor if they give a signal and it's wrong you can't still blame them for your loss because they could just justify their calls by just saying "it's not guaranteed since it's volatile". Best thing to do is to not rely to anyone's call since the money at stake is yours, you couldn't blame them if you loss some funds. Take you time and learn the timing of your calls and decide carefully. |
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I also support bitcoin education for children. However, as you said, bitcoin is related to money, and it is very easy to harm children if we are negligent and not really serious about imparting knowledge to children. Education about finance and bitcoin also needs to be educated at the right age, not indiscriminately taught. I find it ridiculous that many people applaud and support teaching bitcoin to 4- and 5-year-olds.
Yep. It is not necessary to teach children below 5 years about Bitcoin investment. Children 4-5 years old prefer to learn about common things around our environment, it is not the right time to learn about finance or investment. At least, they are already in Senior High school, at this age they have the ability to understand more serious things such as investment, finance, money management, etc. Sure, learning our children about Bitcoin is okay as long as we teach them about it at a proper age. Well it would be rare to find kids who want to learn Bitcoin at a young age I guess, since they prefer like video games, school, sports, etc. we should know what our kids love because it will help them find what their passion is. I'm supporting if a kid wants to learn Bitcoin or cryptocurrency but I should keep attention to his mind too if he has a greedy mindset then I will recommend he focus in his school first. No child wants that, it's just that we adults are forcing them, trying to impose our thoughts on them without caring about their feelings. I won't teach my kids bitcoin until they are adults, they can take responsibility for what they do. It will probably be later than many people, but I think it will be good for my son. For me, there are many ways to make money to become rich, not just bitcoin, so if they don't like it, I never force it. I will only teach them bitcoin when they want to do it. Our parents don't force us, there's no reason we should force our children. Yes since we've discovered Bitcoin when we were an adult already, so thinking that teaching them early would give them a lot of advantage but I think it's not. The mind of a child compare to an adult is too different. They are not matured enough to comprehend and absorb those complicated knowledge for them to have advantages in this industry. Of course kids like them exist but kids should enjoy their childhood without the pressure of learning something they don't even understand. I agree that forcing them to do things they don't like to learn is a big no. They might have different talent that could earn much more than learning in Bitcoin. You could just introduce Bitcoin to them when they are near to adulting stage then it's up to them to study it. |
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I once discussed with my partner about moving abroad, but he disagreed with that and said he didn't want to be away from his parents, especially now that my mother-in-law only lives alone.
based on the conclusions of my post, actually, I really wanted to move to other countries and change the fate of my family, but after being tied to marriage, it was impossible.
It sounds like you have conflicting desires regarding moving abroad and your partner's attachment to their parents. It can be challenging when two individuals have different perspectives and priorities. It's important to communicate openly and honestly with your partner about your aspirations and concerns. Everything will be solved through communication, but the problem right now is that her parents are only living alone. If they talk about it with his partner and mother-in-law it can be solved since we don't know if his mother-in-law wants it. That is really a problem if you already have a family because both of you need to have your own space. You are now having a family, and there are things that need to be sacrificed. It's not only the attachment to their parents, maybe your partner are worried about them of course we're not sure about their age if there's someone to look for her parents in case of emergency since she's at abroad. Living abroad is not that easy to say like "let's move to other country" there's a lot of sacrifices to take like the cultures and ethics. But we all agree that there's more opportunity abroad than to our country which is applicable to my country. And I could say it's more convenient and like a dream life. |
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I saw this video somewhere and it was funny while he's explaining how did it happened. Things like his private keys where labeled on that computer and good thing the robber didn't even flinched to touch it or else his BTCs were all gone. I'm not very familiar with his work, I've seen a few videos, as far as I understand, he produces entertaining content and helps people. In this story, the saying comes to mind: if you want to hide something, put it in the most visible place. But the thief turned out to be more attentive; he could take a solid jackpot.
He's a content creator and the videos that he's producing are budgeted like a million dollars each of them. It's like that robber is just for some things and think that he took a jackpot but didn't. After the discussion in this thread, I watched his video yesterday. He is a cool dude and really creates very strong content. Before, I simply didn’t come across his videos, since I’m not fond of videos of this format, which is probably why it was not in the recommendations. And yet he was very lucky that the thief was very stupid. He's really good person, of course he will show it into the public since he earn thru views in the Youtube plus his an influencer. It's like a cycle while he gives money he also earn from his videos so it's a give and take but the fact that he gives people especially in needs some funds is really a nice move. By being this rich of course it wouldn't be a surprised for him to invest in Bitcoin, which is a good thing for him. Now we've seen that people aren't still aware of Bitcoin and would really go to fiat money as they don't know the true value of Bitcoin. |
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But the main thing is that bitcoin is still illegal in our country, I invested bitcoin very carefully.
Lately I think it is better to invest in bitcoins than depositing money in the bank. Day by day people have lost trust in banks. It is heard that many banks are going bankrupt and closing down.
In fact, there are many cases here like you, that they live in a country that until now has not provided access to permits for Bitcoin / Bitcoin is still illegal, but they just maintain their consistent belief and attitude towards Bitcoin because basically they know about goodness. as well as the satisfaction they will get from Bitcoin, so far for me Bitcoin is still way ahead of me than I have to put some of my money in the bank. Most countries have not legalized Bitcoin but Bitcoin is now transacted in most countries. The government of a country is faced with various problems such as opposition party or public opinion etc. Today, even knowing the benefits of Bitcoin, the government is being given an illegal title. Even if the government legalizes Bitcoin in some countries, the opposition parties there can use it as their political weapon. There are various issues where the government has to understand. So personally I think it is better to raise individual awareness. No one else will ever take the decision to change your destiny, you have to take it yourself. To keep yourself financially independent and secure , I think there is no alternative to Bitcoin holdings. Plus even if they legalized Bitcoin, it's system are decentralized which make too hard for the government to control and regulate since there's some people who do some illegal stuff in Bitcoin, even criminals. Some country tried to put some taxes in crypto due to they found out that people are earning a lot more than an average person job. Still they failed so i think it's one of the reason for them to not legalized it which is too hard for them to manipulate. Legal or not they couldn't even stop people to explore something that they think it's great for them. Do your thing and do your own research. |
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It's not doubt that Bitcoin is best for retirement but I won't gamble my future with just Bitcoin only, that's too risky, Bitcoin is no doubt the best digital currency but when we are talking about retirement plans it should not be the only plan you have, we don't know what the future of Bitcoin will look like and I am not ready to gamble on that, instead you have to be prepared for any possibility, nothing in this world is guaranteed and just because Bitcoin is the best doesn't make the risks gone forever.
You have a point there. After all, bitcoin is a very new asset and still not widely accepted, so there is still a lot of risk, and it would be a bad idea to bet our future entirely on bitcoin. I bet people are blind to bitcoin profits, and people always assume that bitcoin is the best, and they forget that everything is risky, bitcoin is no exception. I will diversify my assets to secure my future, I don't want to be a homeless old man when I put all my faith in bitcoin. There's no guarantee that Bitcoin would be accepted worldwide as currency currently but in the next decades probably it would be acknowledged by more countries as we have seen today. That's why I agree that it's still risky to put all your funds in Bitcoin so it would be better to split it into fiat money and some to Bitcoin. It's still better to have an investment for the future even you're not sure since it's part of the volatility of Bitcoin which involved risk. If you are not sure enough about Bitcoin why not spread your funds into some alternative coins, just do your own research cuz it's good to not put all your funds in one basket. |
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Those who take business loans make good use of it and the business thrives, in which case the loan does not matter to them. on the contrary it is very beneficial for them. and no big businessmen can run their business with their own finance they have to resort to loans and they are able to make good use of it and repay those loans on time. So it will not be possible to Quit all type of loans.
A businessman will estimate the possible profits that can be achieved every year if they have high capital to build a potential business, so they decide to use a loan to increase business capital and all risks from the loan have been considered if the prediction of business development is not as expected, they must save a reserve fund to pay off the loan time. So I agree that if borrowed funds are used to open up business opportunities, don't use borrowed funds for gambling and drugs. There is no guarantee that there will always be profit in business, but profit is possible depending on some unique planning and marketing strategies of the business. so here a businessmen can earn huge amount of profit from business by using unique ideas and strategies. so in that case investing in business with loan is not a problem. but if one gambles with loans or invests in high risk areas like crypto then he will make a big mistake and he can face big danger. So if you plan to do anything with the loan, you should think about it a hundred times I think having a loan for a business is kinda risky so it would be applicable only to people who have a stable jobs to pay their loan incase the business failed. Because you will be in debt incase you didn't have pay the loan. And I agree that it would work to start a business if you have proper planning and strategies to make your business work and have a lot of profits. Like it wouldn't be just a trend for the opening but it would be a long term investment since some business only survive due to new opened. Make sure that you study the things to start a business cuz if you don't probably it would lack something that causes your business to fail. |
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If you're interested at Bitcoin of course it would be better to do your own research about it since you've asked here in the forum, I could say that Bitcoin is a digital currency where you could do some investing and trading with the it's volatility which the reason why risk are involved. But the most important thing is you consider yourself want to invest from yourself and you wouldn't rely to the others people call since it's your money at stake.
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If the factors that cause inflation still exists, then inflation levels would no doubt rise. But mind you that this is somewhat a global issue and is not peculiar to a particular country's economy or currency. When the Corona virus was at its peak, the measures taken by governments around the world to curb it was definitely going to result in inflation, and that's what's happening now, coupled with other world issues like physical and economic wars, as well as sanctions.
The Covid-19 pandemic distorted the global production and distribution chain leading to an increase in the cost of raw materials and finished products. The world was about recovering from the pandemic before Russia invaded Ukraine. This led to high costs of crude, gas, and power. . Yes even Covid started 3 years ago, the damage of it to the economy of an country is still could be seen and feel currently today as prices of the products increased and the salary of an average person remain the same. Some country might recover but it took a long process since even the starting of new normal there's still a few restrictions for people to go outside. Yes war also one of the major influence to countries economy as it's affect the supply and demand of products. The import and export to one country might have a huge impact especially people prefer imported products. |
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There is no normal being that loves getting losses on business, career, investment and trades that's why even company holders make financial policies to keep record of investment and profits flows. And unlike other business bitcoin also makes sales and losses if you do not investment wisely....is nice when you put in what can not put you sickbed or gives you hypertension, don't invest out of what you cannot withstand the loss.
Is better to use small money or learn risk management first before investing especially newbies.
When it comes to investments, including Bitcoin, it is crucial to exercise caution and make informed decisions. Investing small amounts of money or learning about risk management are indeed wise approaches, especially for beginners. By starting with smaller investments, you can gain experience and learn about the market dynamics without risking significant amounts of capital. Exactly, even a small amount of losses of money in investment is not good especially to people who really doesn't afford to lose money despite the fact it's "spare" cause we all know people doesn't like the feeling of losing something they own. Investing in a volatile system of course has their risk so you should always make it count the times you invest cuz for sure even you have the knowledge you've studied in investment still you'll lose some funds. Learn from it and build up your mental and decision making which is really need in this industry. |
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Bitcoin is not recommendable to be a full time job where you are relying for your monthly bills payments. Remember before you could do some investment and trading you would need some money so you could join in the market. Even if you say you earned a lot already in crypto it's still risky to quit your job since crypto are open to volatility's risk.
It will stay as a side hustle where you could earn extra plus if you are working on a company there's a benefit it gives to their employees since it's a centralized unlike Bitcoin. I've read it here that don't always put all eggs in one basket so it wouldn't be a waste when it's gone. It would be better if you have a variety of options for your money source than in just one especially if you could handle more.
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If we think of the most richest person in the world we would think of people like Elon Musk and Bill Gates. But they are just famous, most of the rich people in the world doesn't even want to be exposed to the public they would pay the government or people to hide their identities to the public maybe it might be for their safety since they are rich. In short we still don't know some of the richest person in the world that might contribute more to the country to eliminate the issues but since that's not their responsibility they remain silent, so this statement could be true.
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I believe not, but it's still depends on the environment of a child or individual to determine what they like to do and could still learn and have skills in certain things. For example, a NBA player of course they might have children they might influence them give them the tall genes which is suitable for being a basketball player. But if the kid don't find themselves playing basketball then it's not for them. Some talent aren't not determined by your parents because were all unique.
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It doesn't directly says as loan for Bitcoin, some exchanges offer some people to borrow money for them to use since it's still centralized. Where they could convert the funds into Bitcoin via those exchanges which could still count as loan. And also If I know correctly some individual offer some loan where there's a lot of process for you to get the money you could search it up but still be careful as there's a lot of scammers roaming everywhere.
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Bitcoin was still a money but the only difference is that it has a limited supply which means it is more immune to inflations so keeping bitcoins is also important as keeping hard money. The reason why need physical money is that not all times bitcoin is accepted and then there are times that internet and electricity is unavailable for us to use a bitcoin.
People who are good at saving money might not perform the same on saving a bitcoin because bitcoin is too unstable and it might scare them when they saw that its value is dropping hard and seems not going to recover anymore. They will still need to learn bitcoin first in order to be good at it.
That's why it would still recommended to not invest all of your money like 70/30 or 60/40 for keeping money and the rest for investment so it wouldn't hurt your funds since you still have bills to pay. But it's true since Bitcoin is much more complicated than saving money with the volatility involved which could risk your funds. So it might take a lot of time for you to perform well in Bitcoin as you still need to study and gather some knowledge about it. Plus if you would need money realquick you couldn't just transact in Bitcoin since there's also issue about the transaction time. So separating savings is recommendable. |
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The reason is banal - a primitive lack of financial literacy, and the desire to "live and consume - here and now." The problem is that people do not quite understand what money is and how to manage it!
Try to give the classic poor man, for example, 10,000 dollars. For example, take 1000 such people. Do you know what 75-90% of them will do? I answer - the first thing they will buy is an iPhone! Then something too expensive "status" but useless for his life. Because he does not even understand what the liquidity of such goods is. And only a few - they use money more or less correctly - for health, for education, for something that will give results TOMORROW and will not "increase their ego"
It's like watching a sitcom featuring Mr. Poor man and his fling with the hot-off-the-press iPhone. It's like they've got a secret club, and the ticket in is splurging on the latest gizmo. Don't panic, though! We can burst this bubble of shoddy money moves and pave a road to riches. Time to school Mr. Poor man in the magic of financial savvy and smart dough handling. Picture this: a place where folks, instead of blowing cash on iPhones, fuel their minds and skills. They harness the beast of learning and personal growth, carving out a future as bright as a supernova. But wait, there's more! Let's add a dash of health smarts into the mix. Picture if Mr. Poor man pumped bucks into his own wellness, eyeing the long game instead of fleeting ego highs. He'd be flexing his wallet and his biceps, all at once! The problem is that this is reality. Poverty is not only a lack of knowledge, an understanding of the meaning of money. It's also a mentality. Moreover, far from self-awareness of reality, and far from making uncomfortable decisions. For example - to take to invest money and get an education, having completed training for example 2-3 years. No, this is not a solution. The solution for such a mentality is to take money, buy something "brilliant" and create the appearance of a fulfilling life .... A sort of self-deception and cowardice to deal with problems. Yeah that's actually relatable, if you put some goals in your life then it will motivate you to find some way for money, like you want to buy some good car which cost a lot then it will be your goal so you will find ways for you to earn like learning to invest, trading , selling online and etc. If you have some goal like your mindset are fixed to what you are now unlike to the motivations of having a goal will help you to find a way to success. If you're done with your goal then find another goal just like that we're just a simple human living we are always finding a purpose for us to live. |
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Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.
There is no substitute for knowledge about crypto currency to achieve success in crypto currency. The more a person knows about a subject the more experience he gains. There is no alternative to know about crypto related topics such as trading ideas, investment ideas, market reviews, to be successful in crypto currency. In addition to knowing about this, you should try to get practical experience. As I learned something about trading then I should turn that knowledge into practical experience. trading with some amount of money. If we can do everything like this then we can definitely achieve success in cryptocurrency. i have only seen Jews making their children learn the art of business and do the real work they have better education plans for kids. In Fact I have heard that they want women to do maths during pregnancy so that se learn the problem solving skills and so does the child. That would apply to everyone since we have different talents and methods for us to earn some money. Nowadays we could earn via using technology like being an influencer or digital arts by that you could actually have income but how could you manage those without the knowledge when it comes to financials. You could actually hire someone but as an average person you should educate yourself about managing your financial so you won't face a problem in the future. This could be apply in crypto or even in an actual job |
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I don't agree with Elon Musk, of course. You cannot speak of morality when it comes to whatever job you have for as long as it is not hurting people. It's not about right or wrong. All jobs that are for the good of everybody are right, wherever the workers may be working.
Elon cannot generalize works as if they are all the same, because they aren't. If you are an auto mechanic, you have to be physically present in your shop. But if you are a software developer, why can't you work from home? But both are doing the right things. It's just that we aren't in the same circumstances. There's nothing wrong with this setup.
Well said, Elon Musk might be famous since he's rich but I disagree with on this one. There's a lot of different jobs that you could consider already that needed to be present at your workplace or can be done at home. Some companies really wanted to see the work of their employees so they are implementing to work at their workplace even those jobs can be done at home. Of course as an worker some really prefer to work at home to be more convenient for them so they really give the best output which the company really like. In short it still depends it's not applicable to all jobs. |
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You are absolutely correct in the way you think about Bitcoin. After retirement, there is usually a lot of harassment to get the retirement money in your account. You have to apply at different places for this one-time amount. And when that money is found in hand after a lot of harassment, it is seen that there are many arguments about that money, many family members are demanding a share of that money and the person has to face various other problems. If the person has Bitcoin investments then the person retiring will not have to suffer all these harassments. So everyone should invest in Bitcoin regardless of age.
Bitcoin is one option worth considering, but several other investments are also options. I haven't thought about how these bitcoin will be useful to my kids in 10 or 20 years. But I will try to absorb more of the possibilities of building a business of my current bitcoin profits so they are of use to them in the future. I hope you understand what I mean, it means you can prepare for your retirement with any investment instead of just bitcoin. After all, when you are planning a long term investment especially as your investment in your retirement, then think about inheritance. Yes especially for the older people who can't manage Bitcoin since it's too complicated for them. So I still consider Bitcoin as an alternative investment which also gives a lot of benefits to other investment. Where people already have background such as real estate or in the banks so in the future when you're planning to give your funds to your kids then they could understand it in the future. Cuz Bitcoin is too complicated so it might take a long time for them to figure out the system. |
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