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501  Bitcoin / Bitcoin Discussion / Re: Invest in bitcoin and forget the investment on: October 13, 2023, 10:26:15 PM
snip

The way I'm looking at next bullrun am thinking that the bullrun will be something that will push bitcoin price  to approach hundreds thousands [100] for the price, but people will not invest now. I split my funds currently to different of coins expecting that if I don't make profit in any of the coins when bullrun comes I will surely make profit in bitcoin because bitcoin price now is no longer going downward or going upwards, but any move the price will make to go up the price will increase, I'm expecting the price of bitcoin to rise in 2025 and 2026 so any investment in bitcoin  should be expected till next two years or three years time. Summary, invest in bitcoin and forget about the investment and hope that you will make profit after some years coming.
i like your idea of suggesting people who invest in bitcoin forget the bitcoin they bought for a moment and then remember it again in the next 3 years or so lol, but you have to remember to always protect the password and also the private key of the personal wallet where you store your bitcoin, don't let it happen because you want to forget for a moment, you forget where you put your password and private key (you have to learn from several incidents of people who lost their Bitcoin wallet private keys because of their own negligence)

Well, this should be done to even the first time you created your account, like saving your passwords, private seeds and like the password of your laptop, something like that. Cause there's always a scenario, I don't know if it's applicable to anyone but it's like a muscle memory for us to always use something like typing our users that even not looking on our keyboards we still manage. So for sure after not using or holding for 3 years eventually we don't have any idea anymore about our password and private keys so resulting to these kind of incidents. Even for months you can already forget this important keys. Maybe if you're doing DCA method then you could always check your keys to have muscle memory to it and eventually memorized it.
502  Bitcoin / Bitcoin Discussion / Re: Hodling vs trading on: October 13, 2023, 10:14:41 PM
- I think Holding and Trading also depend on whether you have the money to spare or not. It's about what level of profit you want to achieve in the future and how quickly.
- Many people initially decide to be holders, but when the market becomes too volatile, they end up selling and becoming traders. The boundary between Holding and Trading is indeed fragile if your emotions are easily swayed.
- For me, I separate it into two distinct accounts: one for holding that I never touch, and one for trading. They are completely separate.

That is without a doubt an approach that you can take with the markets, but either one of those disciplines is already hard enough, to be able to perform both of them at the same time and to avoid making mistakes is probably beyond what most of the market participants can do, so they are forced to choose one of those options, and for someone like that it is better that at first they elect to become long term holders as it is the option with the smallest amount of risk and it is the easiest to perform out of the two as well.

These are actually options you can take to do with your money for expecting a profit, but it's still depends on your knowledge between investing long term or doing trading. If you don't have goals with your investment, like for a long term selling price or once you achieve your selling price early, then you wouldn't noticed that you are already doing both. This still depends on the money spare of a person. For example, his salary are enough to provide all his needs like the bills, foods, shelter and etc. So the person can only do with that situation is probably DCAing. Probably it would be a holding method for investment.
503  Economy / Economics / Re: How do you deal with financial stress? on: October 12, 2023, 12:26:53 PM
but we also need to do something different in order to improve not just patient because after all life not to go on, so if we can be comfortable why not, through all the hard work we might make it.
when hardwork finally pays off then at least we don't have to be stressed by finance condition again, because we can't lie that the stress is mentally exhausting and doesn't matter how optimistic we are, we would always have some thoughts about this, therefore escaping financial crisis is the way.
Hard work will create the same stress, yes, you will not have financial problems while you work, but you will not be able to work for a long time at a hard job, it will not only take away your physical strength, but perhaps also exhaust you emotionally. Ultimately, you will tend to change jobs, even if it brings you less income. If we lack money, we will always experience stress, I’m not sure that this can be avoided somehow, we must always have savings to prevent this.

It is very difficult to have a comprehensive balance in life, if we want a lot of money, we need to work hard and accept the sacrifice of our health. If we have less income then we will also be stressed, in my opinion, this is worse when we have to work hard.

I'm also very stressed because of my workload and everything related to my family. But I think I can endure it, but without money I think my life would be even worse because everything requires money to solve. I don't think there is any solution to help us avoid the pressures in life other than living with and adapting to them.

I can actually relate to you, but in my case back then, I was a working student since I want provide my needs without asking for my parents since we moved twice due to pandemic. It's actually stressful as you are tired working then after working you will go to class like your brian is not functioning well due to your body wants to rest. And whenever I'm gonna get paid, that's the reason why I still managed that lifestyle. Yes I've graduated and now can focus on one thing which is to make money, where I also put crypto or Bitcoin since at pandemic days. I have a lot of free time to use so gave a lot of time to invest and trade. Sometimes it's okay to be not okay, but if it's on the point you really want to give up, you"ll have to sacrifice one, cause you can't do both.
504  Bitcoin / Bitcoin Discussion / Re: Stop discouraging Newbies from Bitcoin... on: October 12, 2023, 12:08:07 PM

I think I’ll reiterate this popular opinion: Bitcoin trading isn’t for newbies.
It’s always best to learn from someone’s mistakes so when  the majority of opinions from other members recommends gaining more knowledge and experience, the last thing you should feel is discouraged.

It was not just learning from someone's mistake but our personal mistakes. And it is not just we learn but have to do something to avoid such events. Most newbies come to invest with empty knowledge about it and no wonder why they will lose. We often give advice to DYOR, spend time learning to trade, don't rush- and all we did are a sort of investment warnings but too unfortunate that many we're tend not to listen but instead make their own way.

If they only just know how risky Bitcoin investment is, I could imagine that only a few people could take it. But it is not what we see, more and more newbies come because of this - "instant profit" which is circulated on the internet.



I strongly agree, you don't rely your decisions and calls on someone's experience. I think some newbies rely too much into someone they consider expert but if they started to study Bitcoin and attain knowledge, they would realize that it's just the basics. It's not wise to risk your money at investment when the investor itself doesn't have any background info. The best thing to do is to explore it to yourself so you can be familiarize to the system without the help of anyone. To be honest, it would just doubt your own decision making when you ask for someone's experience. Just note to newbies that you can start small, if you lose that's fine, if you profit then that's actually good. It's a win-win situation if you do it on your own.
505  Economy / Economics / Re: Bitcoin Is Better Than Digital Gold on: October 12, 2023, 05:23:52 AM
Bitcoin will be more preferred than gold among investors.  For those who don't know about BTC, gold would be better.  Investing in bitcoins does not require a large amount of money. However, bitcoins can be lost easily and have risks, but gold is safer.  Although Bitcoin and gold are both investments and both have their uses.  Among those who do not like to take risk, many people think of investing in gold, because there is no risk involved in investing in gold.
We believe that both gold and bitcoin are well-liked investments in today's world. And people who are currently involved in cryptocurrency will always choose Bitcoin as their medium of choice for investment. People invest more in gold than bitcoin because it has no risk, but investing in bitcoin is risky because people are afraid to invest in BTC because market volatility can start anytime. But investing in Bitcoin can earn a lot of money which is not possible to earn so much by investing in gold. Because in today's world, this digital currency is a store of value due to which people are able to change their future and life with Bitcoin. Moreover, most people prefer the natural and tangible for which gold is invested, but those who are into cryptocurrencies trust Bitcoin more. Those of us who are with Bitcoin will definitely invest it in BTC if we get money to invest, because we prefer Bitcoin to gold.

Plus people are much aware of and acknowledge gold since we were already investing in gold in the past, which we still do in the current era. Bitcoin and gold are good investments they literally depend on the person's preferability and suitability of their knowledge as well as their skills. Keep in mind that Bitcoin's convenience since it's digital and can do transactions globally and the fact that it is decentralized. Since OP mentioned that gold is digital, if we research it, seems it like related to crypto, in short, it's like you are doing an investment similar to Bitcoin. The things that differ between the two the volatility and stability, well both actually rely on supply and demand, but Bitcoin is much more volatile people can take advantage of it and get profit, while gold is like to avoid inflation and would take months or years to increase it's value depends on the market where we can observe in Bitcoin but volatility included.
506  Bitcoin / Bitcoin Discussion / Re: Do you ever feel tired of waiting? on: October 12, 2023, 05:10:38 AM
I think it would be better to set a selling price so that you can settle once Bitcoin reaches your goal. I mean holding is actually good as you wait for your investment to have profits, but for sure in the process, there's a chance we would be needing money or not patient enough to use the funds. We need to learn from the past, which we don't value that much Bitcoin not knowing it would increase its value in just years, so holding is the best thing to do. If we remember the case of the guy who ordered pizza using Bitcoin, despite owning that much due to Bitcoin's value he used it rather than holding it. Just distract yourself by doing some DCA method so you won't think that much about the investment you put in the market.
507  Economy / Economics / Re: You can't meet all your needs/desires at once, even if you spend all your salary on: October 11, 2023, 03:28:51 PM
Human needs can not be fulfilled and they are not limited. The more he gets the more he wants and this nature isn't always bad. Your desire to touch the sky takes you to a level that you have never dreamed of. It gives us motivation, inspiration and courage to improve ourselves to touch the sky that doesn't have any cilings. What destroys a human mind is its greed not its ambitious nature. 

That's very true. Ask CEO of a Bank who has salary in millions of USD and he will say he is finding it difficult to live in this salary. Same statement will be given by an average Bank employee. The more you get the more you spend and I think there is nothing wrong in spending money on yourself as long as you are spending within limits.

The main reason why salary person lives financially stressed life is because salary is always proportional to inflation rate. Therefore no more how much increase you get over the period of time your financial conditions remain almost the same.



For sure as a CEO having huge amount of salary would be equivalent to number of workloads and stress he is dealing. It's literally the nature of human to find something or having a goal to achieve to keep continue on living, cause it would be hard to doesn't have a purpose on life, so enjoying and spending your money on things you like is actually good as well. Just know when you can budget your money into your needs and to your desires cause for sure if you focus on one, you will have to sacrifice one of the both.

Well, having a big income would also count on having a big taxes as well, plus you said the inflation rate affecting his salary so anyone would also feel the same to desire something like being financially free. But I think if you're already a millionaire and can't settle for retirement, I guess it's more on greed already.
508  Bitcoin / Bitcoin Discussion / Re: My first Bitcoin on: October 11, 2023, 01:56:30 PM
It's really a long way run especially if you're just starting with no idea about crypto or Bitcoin. But if you explore and interact here in the forum, not only you will gain knowledge, but also as well the opportunity to be part of a signature campaign that would help you to accumulate Bitcoin. As long as you follow the rules and regulation here the forum and having informative conversation, for sure you could also join signature campaign. This actually helped me since  I consider this as a side hustle and having investment as well by just simply hodling the payment of every campaign. Sadly I haven't hold Bitcoin earlier due to financial needs, so now it's the time to invest again. Once I met my market's price, I would start to build a business.
509  Bitcoin / Bitcoin Discussion / Re: DCA method on: October 11, 2023, 04:13:36 AM
You have no excuse not to acquire Bitcoin, this is one of my most used word when
 discussing with my friends that have
 high interest in crypto, but don't have capital too buy.

Since I introduced the DCA method to them, it was a game changer too them,
 DCA is the best way for low income earners to acquire more Bitcoin.

I don't know if anyone else has different opinion about it?

Everyone who knows about it wants to invest in Bitcoin, but lack of capital can be the reason not to invest in Bitcoin. However, if one is interested, he can invest some of his earnings in it and make a good investment through DCA method. If you are interested in cryptocurrency then this is great for you. It can give you good profit in future.

It is not necessary that someone who has a lot of capital should invest in crypto, but those who have a small amount of capital can also invest. I appreciate you discussing Bitcoin with your friends and introducing them to the DCA method to invest in it. Of course, an effort like yours is likely to further boost Bitcoin.

That's something some people here in the forum can't understand. They might have the knowledge and have done their own research about Bitcoin as well the techniques about Dollar Cost Averaging (DCA), still it's ain't enough to invest if you don't have the funds to invest. But for sure DCA could still help you even with the small amount so if you think you can't invest with your income, you could just cut some funds like $100 so you could invest. Of course it's not that quick rich method but for sure with this method you can profit, you will base your profits on what you've invested and there's nothing wrong if you're just starting small.
510  Bitcoin / Bitcoin Discussion / Re: Hodling vs trading on: October 10, 2023, 04:42:42 PM
For me I still prefer to do holding despite knowing how to trade, since it's more riskier to do trading as you can get liquidated in just seconds, but in the other hand you could also profit quickly. Which I think it's not suitable for me, I would rather do hodling with the DCA method since I'm not the type of person that would analyze and always check the market cause it will drain me. Imagine working,studying and trading, it will literally affect your mental health as well your physical health. Maybe full time trading will be applicable as you can focus on the market.
511  Economy / Economics / Re: Real estate vs cryptocurrencies vs business on: October 09, 2023, 04:29:41 PM
If I would be given a chance to have a capital of half a million dollars, I would literally choose real estate for a passive stable income, cryptocurrency for long term hodling purposes, precious stones and jewelries, rare gold and silver coins. I don't like businesses myself because it won't work for me.
I agree with the points you convey, in business there are many things that must be researched or done by someone to start a business, they must have a mature concept, create a product that is in great demand by lower and middle class people, and running it is full of challenges and extra patience. Indeed, in business, daily income is uncertain and many people give up and give up their intention to do business.

Well, we all have different preference to investment. But actually if you can't handle business as if all the task are given to you as a owner, I think franchise would also do good. All you really need is capital, but when it comes to business I have seen a lot literally failed cause imagine you've opened up a store that doesn't even have sales for months right. Plus the inflation rate could badly affect business unlike other investment. It's really complicated if you don't have the knowledge and the experience even for the other options for investment, you'll just have to choose that are suitable for you.
512  Local / Pilipinas / Re: Kailan Kaya Tayo Magkakaroon Ng Cryptocurrency Summit Na Involve Lahat on: October 08, 2023, 03:31:37 PM
LOL!

Paano magkakaroon ng cyrptocurrency summit sa pinas eh kung yung mga maliliit nga lang na event dito about crypto eh palpak. I mean look at the recent Philippine Blockchain week held at Pasay na pinayagan mag announce si Vincent Song of XT.com which apparently is an unknown exchange, to present Miss Universe gOLd Coin (MUGC) na nag-claim na mas hihigitin pa daw nila yung SHIBA Inu which is a SHITCOIN in the first place.

Kung ganyan yung siste sa crypto event na maliliit, what more sa crypto summit, right? Taena baka it'll do more harm than good sa sobrang tainted na yung image ng crypto sa ibang pinoy.

Sabagay may punto ka, kasi mostly sa mga events related crypto kahit na endorsed pa ng mga kilalang mga influencers hindi pumapatok eh. Kahit yung mga time na sikat yung Axie, nagkaroon ng mga meet up events pero wala iilan lang din pumunta based sa mga nasagap kong information. Wala local places palang hirap na ipalaganap mga crpyto related na kaganapan, paano pa kaya pag dating sa gobyerno. Eh nung nalaman nga nila na pwede kumita mga tao ng malaki sa crypto without them knowing balak na nilang lagyan ng tax which is imposible. Siguro dadating lang tayo sa ganong sitwasyon pag yung hype sa Axie is same sa crypto, halos lahat nag invest kahit walang alam haha.
513  Bitcoin / Bitcoin Discussion / Re: Bitcoin can change lives on: October 08, 2023, 12:21:55 PM
Bitcoin could literally change life of a person, but only if the person doesn't have the knowledge and experience, of course that potential and benefits would be useless. Plus people could be wealthy in many ways not only to Bitcoin, it can't changed someone's life without the person's action and initiative. It would still depends on their mindset cause you know Bitcoin's benefits still you choose to laze around and go with the flow. But I don't argue with that, cause some people are really knowledgeable in many ways so they might have other options which they think is much suitable for them. For example building a business, investing into Bitcoin and crypto industry might be complicated, but other investment is complicated as well that could give you the wealth everyone's goal.
514  Economy / Economics / Re: Without government job we can survive on: October 08, 2023, 08:12:10 AM
Everyone really hopes for the jobs provided by the government. The government has tried to open up investment as much as possible to invite investors into the country in order to absorb more workers and reduce the impact of unemployment, but investors have not found a win-win solution in investing. in that country, but the government cannot provide for all its people. If we are not included in the workforce that has been provided, we should not be discouraged, there are still many ways to earn money and survive, such as doing business or trading, farming or going to sea to find a bite of rice. Many people are successful in running their business, but the process is not easy, it takes a long time to survive and be successful. The government has a role for the entire community in public services such as education, health, etc



Well, government task is to eliminate or lessen the increasing number of unemployment rate, since they have the funds to open up jobs from the taxes which people really expect for the government to take an action from this issue. But sadly you are right, despite any investment made by the government, it's still not enough to support the organization so it will eventually fail, for example jobs like doesn't have a return cause mostly of labor jobs, their income is also from the factory's performance if their product has a good sale. Since we're in the era of the internet, we could find many things that we can consider as money sources such as online selling, reselling or jobs. If you explore more for sure you could find a well paying job. If you really want to aim for a higher job, as you said government has a free education in public schools.
515  Bitcoin / Bitcoin Discussion / Re: I want to fulfill my mother's dream of building a house with Bitcoin. on: October 08, 2023, 06:17:24 AM
That's actually a good dream and goal, to bless your mother after all the efforts and taking care of you since you we're a child. I mean it's their responsibility to take care of you since you are their child, but appreciating them is the best by giving them their dreams. Personally, I think it would be a long way path to achieve since it's not that easy to accumulate the funds for buying a house or building. Cause from what I know the most affordable house here in my country is like $26,000. It's like 1 BTC. So you would be needing to be hard working and consistent as well in this industry. I suggest you to do DCA if you're working have extra money to invest so when the time comes of bull run. You can ride along the market causes you to profit. Just set a goal for selling as well so you could avoid losses as well.
516  Bitcoin / Bitcoin Discussion / Re: Is digital currency powerful? on: October 08, 2023, 03:51:33 AM
Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !

on certain parts, digital currency is indeed powerful, but because OP only mentioned digital currency in general not specify it like Bitcoin, or Ethereum, or others, not all digital currency is uncontrolled by Government, there is a CBDC, and even worse some many cryptos are controlled by anonymous or proxy entity, with government we can actually take a legal action if we think we got cheated, but with some cryptos we can't really do anything if we lose money on those cryptos. Best option would be Bitcoin obviously which actually is decentralized.

Well, OP did not mentioned any specific thing but only a digital currency. I think any digital currencies is still considered powerful not only to Bitcoin or any crypto coins/token. Just imaging the convenience it gives like Paypal, PayMaya, and Gcash which I think some only exist on some countries. You don't have to hassle yourself by exchanging physical money into any transactions when you can do it online. That's true that some of them are can be controlled by the government, as they can put taxes and service fee into any transactions so it's like a win-win situation for them. Only difference with centralized and decentralized is the security and safety it depends on you and the government.
517  Economy / Economics / Re: How do you deal with financial stress? on: October 07, 2023, 04:07:03 PM
Qualities only to get a degree is not enough because if someone does not have skills will make it difficult for them to survive. Any work sector requires skills
Good point on this one. No matter how flashy our CV is, especially with our background in education, if the skills we have don't fit the required skills that the company and role are seeking then it will still not be enough for us to get hired. Skills are essential in finding work or even just starting our own career journey to be professionals. Having various skills gives such an advantage especially since competition is everywhere.
but honestly having degree is just as important as having skills, otherwise you won't even get noticed by the HR.
its just how it is, there's reason why everyone is getting degree, not because its just fancy certificate to have, but because HR in company selects based on latest education.
and to show some skills are done after the you got accepted into the company, getting accepted is the difficult thing.
though its different in IT field where usually you gonna have job interview first hand that test out your technical skills.

Attaining some degree to a specific course it's more like honing your skills. You wouldn't get that diploma without passing an exam, which determine if you are qualify to graduate. Knowing that you passed and graduated when you apply for a jobs, for sure companies would prefer employees that have educational background especially if the position you're taking requires knowledge and skills, that some would be needing years to achieve. Well, in work there's always a training days so you would be familiar on how things work in your job it's like a demo, so they could observe if you're fit to the role. And interviews leave impression to the HR so you'll have to be prepared for random questions.
518  Economy / Gambling discussion / Re: Have You Ever Made Such Mistake Before, But Won still? on: October 07, 2023, 02:39:00 PM
Do we also consider some actions we made as mistakes while in the real life they aren't, we cannot be accurate with everything we do while gambling, you could discover that we don't always win when we gambling despite that we have always wanted, those games played were done by our best efforts but yet we loose the bet because the way we planned it wasn't how the actual arrangements was, same also it may appear to us that some mistake are wrong whereas they may actually be the right decision which we don't know about.
Gambling is either you win or lose, the is no other way around this, and we must also know that the house edge also plays a significant role in the outcome of match as the system is designed to always favour the house, leaving the gambler with then only luck to make home his demands, so in such situation,  the gambler may be treated and undue manner and result of games being manipulated to fit the desire and interest of the casino.
But in some cases, our actions also contribute to larg extent as to what the outcome of games may becomes, and that is where you case come in, since your mistakes have becom and advantage to you when you won the bet 100% bases on your luck  

It's literally based on luck that's why there's a 50/50 chance of winning and losing, people could say there's a trick behind the games in the casino cause they are in the lose streak, but for sure luck isn't on your side, maybe in the other player in the table. I don't know if this sound like from a movie where they exposed every gambling tricks which seems ain't applicable in the actual game. Business is business, plus the thing that could generate casinos is the fees behind every transactions, and also the loans where they could put interest for them to profit. It's just circulating money but with a service fee. Some not registered casino or illegal might have this kind of issues.
519  Bitcoin / Bitcoin Discussion / Re: Bitcoin accumulation at all time high on: October 07, 2023, 01:53:43 PM
They have accumulated 71555 btc in less than 6 weeks. Is this a sign of coming bull run now ?
Some people will be waiting, thinking the price of bitcoin may fall. Even if bitcoin fall to $20000, those kind of people may still be waiting for the price to fall to $15000. It is better to buy now becuase bitcoin is going all-time-high. And bitcoin halving is getting closer everyday. You know what bitcoin halving is and how people are sentimental and buying bitcoin after halving which later lead to skyrocketed price. I do not think this is bull run for now, the price of bitcoin may still fall or not. But with doubts like this, it is good to DCA.

It's possible for Bitcoin to reach below $20,000 this year, so there's nothing wrong if some people are patient enough for Bitcoin's price to drop. But due to Bitcoin's volatility and unexpected price, it would be better to secure and accumulate Bitcoin as soon as possible so you wouldn't miss the upcoming halving. But from OP's post it seems like it's just a normal transaction made by a whale or group so there's no need to fear of missing out. Safest thing to do if you're confuse in this time is to stick with DCA method. Just double check the sources of the information cause sometimes it's fake to cause fomo to people.
520  Bitcoin / Bitcoin Discussion / Re: What can happen next time due to a lack of proper knowledge about Bitcoin? on: October 07, 2023, 11:36:26 AM
As the technology advances over time, there's a lot of people that are left behind with the knowledge causes for them can't keep up and lose the benefits they could get like for example for the adoption of Bitcoin. For sure in a long run people could still manage to learn how crypto industry works by exploring it in the meantime. Still there's a number of people that are confused about the system of Bitcoin, so employment rate would be affected as well the economy of a country. While for the banks I think they could still manage when Bitcoin started to get mass adopted, cause here in my country PH, There's already banks that are open and acknowledging crypto which gave them a high rates and good feedback. Some banks would take time to do the same as well as they gather more information about Bitcoin if they can't handle the volatility.
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