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This is actually good idea only if you have a stable income and financial status since you don't have to think of the deduction to your salary. Plus in case you want to use those deduction that you'll be needing but it's automatically will deduct then it might be a problem. For me, it would still be a good to have savings without even automatic but it's stil ldepends since some people want to be determined by saving that's why it's automatic and some would still prefer incase of emergency it woudln;t be a hassle since there's a fee
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I've studied most Bitcoin investors, those who have money to invest are the ones going around looking for someone to teach them how to invest, the first thing they want to learn is how to use the exchange to make purchases using Fiat on the exchange, they are always in hurry, they have no time.
Those who don't have money, have all the time to keep learning and reading stuff online about Bitcoin and the crypto space, they have no reason to be in any hurry and it seems they are the ones that avoid the unnecessary dramas in the crypto space because they took their time to learn first.
Do not walk away from Bitcoin investment because you don't have the money, it's even better not to have money because you will have the patience to learn more about everything, and when the money comes, you will be able to avoid many dramas.
How come it is better to have no money to invest in Bitcoin? I mean, you need money to invest in bitcoin. I get what you are trying to say. That if you have no money, at least you will try to learn about crypto currencies and the market, but lets be honest over here. If you never actually invest in crypto currencies, you won't really be learning anything. Reading from lots of books, articles, watching videos and trading on demo platform might help you a little, but as long as you don't get real experience, you haven't really learnt much. I think he's pointing that if you don't have the funds yet to invest literally in Bitcoin why not invest to yourself first? Like gain some knowledge first and study some techniques where you can search up online since were in the era of the internet. Because let's be honest some newbie would impulsively invest even not knowing the basic knowledge about in this industry so they would jump into conclusions. But still if you don't invest in the real thing to Bitcoin, you wouldn't even assess if your knowledge you've been studied are have been applied. Knowledge and experience should be together for you to easily manage your funds in crypto. |
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You know, if I had a lot of money, I would buy a farm lot as an investment because we live on land, and it is used to grow fruits and vegetables. Having an investment farm or livestock is different than real estate that only builds houses.
It's different because you have a farm of vegetables, fruits, because it helps a large part of our health and this is the truth, that's why there are businessmen because they just want to make money and don't care if it affects the nature, which is not nice
Well real estate and farming or livestock is literally different investment. It's literally depends on your suitability or what you prefer since both needs maintenance and consistency. Farming is actually difficult if you don't have the knowledge in farming since it will be affected by the weather or the environment since we're talking about growing a living organism. If that's the case you can hire someone who's good at farming. And real estate could be the same but I think it's already a common investment for some people so they would be aware on how it works but still need some maintenance and fix the papers. |
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This is my experience :
When I started with Bitcoin I was VERY enthusiastic and I could not wait to spread my new found information with anyone that I met. In hindsight I now know that it was the wrong thing to do, because some of those people had zero interest in the subject.
Well is normal for us to feel excited to share something we'd just learned. Which I relate, in my case I just told my parents that I am currently into crypto or Bitcoin then they suddenly thought I'm having a big amount of money. I'd just tell them it's not easy to earn that big in just a few days but they think I'm lying cause me to not having an allowance cuz they thought I could already make my own money. But this were I was a student, it's not that easy to do both studies in college and crypto. That's the bad thing for people, they would be just interested on something profitable when it's on high value, but if it's low they would just think it's scam for people. This the hypocrite side since many would love to get easy money without even exerting effort for them to earn. |
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It's a good thinking to have an investment in Bitcoin, but what do you mean by the government not supporting Bitcoin? Is it banned? Because if that's the case you're just putting your mother at risk cuz it's consider a violation to the rules in your country. Plus I think you still lack of knowledge to Bitcoin but you're already planning to involved your mother's business with it, just imagine who would take care of the payments and transactions and the volstility thst could affect profits frok her business. If Bitcoin is not allowed in my country, maybe I would invest without mentioning it especially to the business.
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Well from the results, it's common reason for people to not hodling some assets as investments for sure is the lack of money. It also happens to me when I needed some money for downpayment for my motor since it's one of my needs for transportation due to traffic is one of the main issue here in the PH. It's much better to use motor since it could avoid the traffic by just taking a small part of the road. So I had no choice but to use my assets that I'm holding since I don't have any cash yet to use. I think this is the common problem, but still we could still hold even a small amount like in the Bitcoin which can gives a good result in the future. It's still an advantage to have knowledge in the crpyto industry despite the lack of money so when you already have money to invest you could easily profit.
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when i am grown up, i have kids and wife now, i need to work very hard, to get a lot of money in the job. if i got a paycut, or i got fired, i am very scared to go home, i can't sleep well, my head is sweating, the memory of getting zero mark in a test keep haunting me like the nightmare, i need to go out and make a lot of money!!
tell me anything i need to do to make a lot of money. doesn't matter what, i would do anything to get all the money, even if it mean unlawful and unethical!
Sorry, but I feel greediness in you, and guess what, this will lead you from making illegal activities because what is in your mind is to make more and more money. In fact, it was impossible when you are just working unless you are owning a business as it can be unlimited. I understand that you are worried about what your partner can say to you. However, it was not right to keep thinking about it as it never gives you satisfaction and become happy anymore. Maybe OP is just overthinking what will might happen if one day he went home got fired and no money. Of course if you already have a family there's a thought that you would do everything for them just to provide their needs and have foods in their plate. But this line "tell me anything i need to do to make a lot of money. doesn't matter what, i would do anything to get all the money, even if it mean unlawful and unethical!" which proves your thought that he might get greedy once he received some money even from illegal sources. Imagine your wife finding out that you are providing them their needs thru doing some illegal activities for example selling drug, what would be her reaction? Of course mostly they would not tolerate that, it will just worsen the situation so it would be better to stick to a legal activities that could help you to earn for your family. |
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I won't give you one, because it doesn't look like you don't know anything about Bitcoin, I will or can only talk about why I am investing in Bitcoin, I just want to be successful and the hardest part of getting successful with Bitcoin is accumulating the heck out of Bitcoin with the money that you won't be touching for the next two to three years.
That's actually good to share your experience than convincing him. Since if you can't even convince yourself how would you do well in this industry which rely on your own decisions and knowledge? It would be hard to survive or even profit if you're relying to anyone's opinion then that would be a wrong call. Everyone has their own skills and techniques which doesn't apply to anyone maybe you could gather information which can be used for your own plan. If you're not convince enough just surf the web about Bitcoin.
The only way to survive this is by making money from your business and also running a side hustle, I am already doing this, and as a successful farmer, I am still making some money through that too to support my family, I won't force anyone to invest in Bitcoin as I have failed to do so in last few months, I am surrounded by those who believe that everything related to crypto and online is scams.
The only way to prove them wrong is to let your crypto success speaks for itself.
Well that's a good way to have an extra money for you to invest in crypto industry, there's no doubt that you're good in handling money when you have a lot of sources of money in the first place plus the environment you're in. For me, I used the crypto itself before for me to have an investment here without even using my own money. I created it in here which is still keep going. Maybe someday I'll just prove them wrong with success without even bragging. |
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Well Bitcoin is a good coin that are the root of other existing alternative currencies. We all have different ideas and opinions when it comes to crypto, since we all have their own techniques and suitability for us. From your post OP, it seems like you invested in Bitcoin due to information given to you it's like you already trusted someone and stake your money at a risky decision. You should do your own research first and understand the background of Bitcoin for you to decide to put all your funds in one coin, which is actually good for me since it's Bitcoin. But for some people, it would be a huge risk to put all eggs in one basket that's why iit's also better to have alternative investment incase you fail to other. I've invested to ETH before but due too unstable it just turned to a quick flip.
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In my own opinion it is yes, fast transportation makes economic turnover faster because when the goods and the people move quickly and efficiently it could have a positive impact on the economy. Fast transportation can reduce the time and cost of moving productivity and efficiency, as businesses can receive necessary supplies and materials more quickly. It can also increase the speed at which products are delivered to customers, which can improve customer satisfaction and loyalty. Fast transportation can also improve access to the markets. It can attract more businesses and investors which in return it can create more jobs and increase economic growth.
Yes you are right, but let's be real if you also have the money to buy some vehicle for your own convenient you would buy right? Here in my country in the PH, which is traffic is the common issue in the community since it affects a lot of people's job. It took a lot of time for them imagine a deduction to you for being late then the salary of an average person is bare minimum. They have no choice but to use public transportation still traffic would be a problem. I've already said this imagine 10 people owning 10 vehicles instead of using 1 bus that could contain a lot of passengers. What's more convenient for the road? Of course 1 vehicle. |
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And it also goes the other way as well, you can have all the money in the world but if you don't have the right knowledge it is a waste because you will be so clueless as to what to do with the money to yield good returns. it is not just about btc knowledge, it can be in general perspective. So i guess they both work hand in hand, if you have both then your goal will be achieve. Simply put, money needs knowledge and knowledge needs money.
But let's be honest in reality, most people who have a lot of money or we consider rich are for sure knowledgeable onto handling money. And the reason they remain rich as they already know how to manipulate things and also by just simply teaching their kids for the future. That's why if you have the knowledge at first even starting without the source of money, then for sure you would find your own way to achieve that success. We all expand our understanding in this world everyday, maybe there would be a time for you to have the opportunity the change your life in just one action. |
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Kids responsibility for their parents is to study well which is sounds easy to others. But if we were on their age it might be tiring and too hard for us. As we grow older, we realized that being a kid is much better than being adult since it's not only about yourself anymore that you'll have to study, but you already have a family to feed for you to do that you'll have to meet up the expectations in the workplace or even in this industry. Still let's be real it can't be helped to get fired or have some salary deductions sine were humans we all make mistakes, I think op you don't need to be scared to your family if this case happens. They are your safe place, they are your home, For any reason for sure they would understand you and they would still support you to find a way to provide for their needs. That's what is family for, by supporting each other. Still financially is something you really need to think if you have a family.
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Many people want to get rich through investing. Some are ready to take maximum risk to get rich while others want to stay away from risk.
Normally we get deep connection between risk and investment. There is no investment without risk. When an investor is able to take risk, he can be exposed to profit or loss. Those who can take more risk will also be able to gain more. But there is no assurance. Only those who patiently try to invest after taking risks can be succeed. Before taking risk, one must make a well-planned decision.
Or big risks will lead to the fact that you will simply lose everything you had. From my observations, people tend to take less risk, even if the profit from this is much lower. To my surprise, many people still use the services of a bank when they put their money on deposit for a few percent per annum and think that their money is working. High risks and illiterate investment are extremes from which you should not expect a good result. Big risk with high rewards is actually true, if you've invested first at yourself. You gather first the prior knowledge about the investment you will stake your money and how you could handle such losses in case. You can lessen those risk if only you have the plan, knowledge and persistent to do investment in this industry. It's not actually suprising to know that most people much prefer to use bank since not all of the people are aware on how Bitcoin works. If only they knew how to navigate or control it but for sure it will hook some people if they hear that Bitcoin is a decentralized system. Most people who use banks are actually for convenience too wheenver they need money since there's a lot of withdrawal machine in such places like abroad. |
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For me, nope, I admit but at least only in crypto gambling. Also, not to the extent that I will use my own pocket money and do unlikely stuff. I can say, although I am hooked it is still tolerable and I never cross my boundaries and will never put myself into an abyss. Furthermore, whether you are addicted or not, the opinions of others about gambling as a terrible habit will not change.
Not many admit even when they're at the worse of gambling addiction. Agreed on the statement, it is a fixed that gambling is terrible. So, whether you gamble with limits or you're badly addicted, people who see from the outside have a common statement as gambler. When he earns good or losses, everything will be connected to the gambling habit. For this reason more people hide the gambling activity from the people around him. Yes, that's right, because by hiding our status as gamblers and never being seen by anyone that we are gamblers will help us from the words of other people who say we are addicts, even though it has never offended me but it's good to hide it, even I never share the winnings me on social media or my gambling activity in front of my friends or social media. It's enough that my wife and I know that I am a gambler and a few other gambler friends, after all it doesn't matter that many people need to know we are gamblers because that won't make us comfortable especially that gambling will always be bad in people's eyes, so I always hide it . fortunately I am not a gambling addict, my habit is to only gamble on weekends, unlike addicts who play all the time. It's almost have that negative impressions when there are many eyes who knows about your gambling activities, I like that idea where there are some who knows your gambling especially your wife and some of your closes friends and relatives, as long as you are capable of controlling yourself and you don't have any loans from them because of your gambling then you are good to go. The negative impression of being gambling addicted is not a good thing to hear, and it will annoy you. That's how I interpret it. In the same sense, their say towards you will not change even if you're not that addicted towards gambling or not even close to become an addict. Let's face that reality already as they will always have a say about you, no matter what you will do. The important thing is that, like what you've said, we are transparent to our own family and that they know the reality and our status towards gambling. For sure they will understand because you are open to them but if you do that secretly, expect the exact same opposite of it. Exactly, people always tend to say things on every detail on your life like your hobbies and that's a reality for everyone. That's why it's important to have a mindset that doesn't need to think of everyone's opinion since some of them are not even relevant and valid. If you're really enjoying something and it doesn't hurt anyone like your family, friends or girlfriend plus yourself like your physical and mental state. Then you're all good, no need to overthink about the addicted thing, if that's how you enjoy life then keep enjoying, we all have different business to mind. |
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May kwento ako dito na nangyari sa akin.
May nga not so close friends akong tinawag ako at nagtanong tungkol sa bitcoin, years ago. Sinagot ko at pinuntahan ko naman at inexplain ko gaano ka volatile ang bitcoin at hindi sila basta basta maiiscam kung hawak nila ang bitcoin na binili nila at hindi nila idedeposit sa mga platforms na nagooffer ng mga percentage na profit kasi ganun ang mga obvious na scam dati tapos hindi pa kilala. Naexplain ko naman ng maayos na wala rin akong kikitain sa kanila kung bumili man sila o hindi kasi hindi naman ito networking o scam na iniisip nila. Ngayon heto na nga, nung dumating yung bear market ng 2018, sobrang lungkot na nila tapos may mga close friends sila na hindi ko rin naman close na natawag pa nga akong scammer dahil bagsak ang market. Inalok ko na bilhin ko yung mga binili nilang bitcoin sa ATH na presyo para lang mapanatag sila at makabawi ng pera nila, sila naman may gusto nun at parang ako pa nga ang naging masama. Pero sabi naman nung bumili na sanay daw siya sa volatility hanggang wala na akong balita sa ngayon.
Yan ang hirap sa mga tao, tinuruan na nga natin at tinulungan na maintindihan nila ang market tapos kapag hindi umayon sa plano nila ang takbo tayo ang sisisihin. Maraming tao talaga ang mababaw ang pang-unawa, pero di bale kung sakalaing binenta nila iyong BTC nila malamang laking panghihinayang nila dahil niton huling bullrun ay halos ilang ulit ang itinaas ng BTC from ATH noong 2017. Nakita rin nila ang pagkakamali nila at sigurado akong natauhan ang mga iyon at malamang naguilty sa mga sinabi sa iyo. Kaya dapat lang talaga minsan mas maganda pang sarilinin na lang natin ang mga nalalaman natin para di tayo masisi kahit na maganda ang hangarin natin para sa kanila. Nung pumatok yung axie andaming naenganyo pumasok sa crpyto kasi nga akala nila easy money lang yun tulad na axie na laro laro lang. Totoo namang pwede maging easy money kung may knowledge kana talaga and goods kana sa industry na to, kadalasan kasi sa mga tao malaman lang na may opportunity na kumita ng malaki papasok agad kahit walang alam eh tas kadalasan pa gusto spoon feeding na tipong lahat ng impormasyon bibigay mo sa kanila tas pag nalose yung assets nila baka ikaw pa masisi. Goods talaga solohin mo pero kung magtanong man sila give them the basic knowledge then it's up to them, kung may mangyari man sa kanila sagot na nila yon basta sabihan mo sila ng last words na "do your own research". |
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If anyone asks me why I love bitcoin, I will frankly answer that I love it because of the profits it brings, and it has helped my economy a lot. without it, my family would be in a lot of trouble with what is happening in my country. Of course, bitcoin has a lot of other benefits, but I believe everyone loves bitcoin because its profit is the most. we humans are increasingly pragmatic and I like to live with reality.
Everyone's love the opportunity Bitcoin gives to people from "profits". It's actually life changing to one person especially from the one who started from nothing, if we look into it even here in the forum you could get Bitcoin by just joining some sig campaign then they could earn. You don't even need to put your own money to have your own Bitcoin itself. But it's not that easy to say by just profit, if you wouldn't exert effort to gain some knowledge then it wouldn't be always profit. The volatile nature of Bitcoin still has two sides but I agree that we humans love to take advantage from it. We don't even need to engage in some bare minimum wage if you're really good at crypto industry. |
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In my opinion, for those who already know how to place buy and sell orders, stop loss, etc., basic trading steps, there is no need to use a demo account. Remember that emotions will largely determine our outcome in trading, so I would bet anyone, just because they are confident in demo trading, doesn't mean they will stay mentally and emotionally that when using a real account. Even if they consider themselves experts when using a demo account, they will still be newbies if they switch to a real account. Because between losing real money and fake money will lead to different feelings and thoughts, which in turn lead to different decisions.
If a newbie wants to start trading, use a real account with a minimum amount for the best real experience instead of living in a simulator.
Yes, that's right, I really agree with you. A demo account is important but only for those who are very beginners who don't know anything about the world of trading and how to do it, therefore the company provides an opportunity for them to learn everything on a demo account. If basically someone already knows about the main points in the world of trading I think they really should jump into a real account, because it's useless if they continue to stay on a demo account they won't get real experience. A demo account and a real account will indeed be very different, but what makes it different is a person's point of view when starting trading, which requires sufficient mental and psychology when they want to start on a real account. In contrast to the demo account, in every trade on the demo account they don't really need to be mental because this is only a training account where they will not lose if they lose. If I remember it correctly there's already some games where focuses on how trading works so it could be same to the real thing. From that you could start practicing and be familiar to it as you study how trading works since you can't rely on doing trading by just playing some simple games. You'd still have to do your own research especially there are different exchanges for you to use in this industry. And I'm with you, if you're really into trading it should be the real thing so you could really master it early. They could start at a small amount first by that they could gather experience. It will enhance their mental thinking as well their decision making since there's already money at stake. Demo/games still you will be engaging into the real thing so take the risk with proper knowledge and persistent. |
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I really enjoy gambling especially if the gambling game is fun such as color game where there's three box contains 6 colors and you will roll it as a dice which is really fun. This kinds of gambling games are popular in my country where you can see some people are always there as if that's where they get their source of living. I've started young with a small amount first and I find that enjoyable even playing cards with adults with just a small bet. But one time I asked for money to my mother when I was a kid just to gambling with my friends after losing a lot, then in the end I'd still lost and my mother asked me what did I bought with my money and of course I lied and I really felt bad since she said that money was supposed to used for buying foods so yeah. I've never used again other's money when it comes to my entertainment.
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I agree, selling property needs to be considered carefully, we should find all other ways before thinking about selling our property because selling is easy, but buying back is not easy. Especially assets that increase in value over time, like gold, real estate, or bitcoin. But in OP's case, he has emergency funds, why not use them instead of thinking about selling the property? Let's make a comparison, and it can be easily seen that creating an emergency fund will be much easier than buying property. OP, you should carefully consider everything before making a final decision.
Diverting funds from selling investment properties to other investments is very ineffective because we cannot afford to buy the same property due to property prices increasing every year, OP needs to consider that each type of property generates promising profits for the long term, but if we still have alternative options to use allocation from an emergency fund so we can use it to add to other investments instead of keeping emergency funds in fiat, my suggestion is that emergency funds are better diverted to gold or bitcoin investments which are easy to exchange with fiat whenever we need those funds for urgent needs. This is very true, it won't do good for you to sell your investment properties just to transition to other investment. In my case, I have some properties that are rented for me to have a passive income. The price of the house already doubled but still I stick to passive income for me to have extra money for other investment. I have two properties which I live in the other one and the one is for rented. But it's a good idea to use your emergency funds in investment where you can easily convert it back to fiat money such as you've mentioned. Once you've profited enough the best thing to do is to use those spare money for other investment as well for you to have a lot of options in case of emergency. |
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Well some people doesn't really prefer to store their assets on banks since it's centralized it's just like saving your huge money. But in some other cases, people tend to invest or much better term is to control their funds for them to manipulate it of course by profiting and earning. The point is the system itself is already encouraging for people as they can do whatever they like without hassle with just the use of gadgets. You can enter the market wherever you want even you're at bed, outside or home. The convenience it gives to people is already one of the factor to convince people to Bitcoin, locally or even internationally. In short the decentralized nature of Bitcoin is enough for people to be hook into this industry.
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