In some countries where they have serious unemployment challenges many people have engaged in bitcoin to invest and into other aspects of bitcoin, just imagine if their were no bitcoin how will the common man invest the little he or she has. If there were no bitcoin I know their are investment people can go for but it will be something that the rich and middle class can afford to invest. In bitcoin the rich, poor and middle class can go into it, this is to say bitcoin is for every body.
This is true, like my country, we have enough graduates that are yet to get employed by the government, but Bitcoin had actually come has an alternative to bring solutions to all what government cannot do. Take this forum as an example, the forum is in existence because of Bitcoin, so many people do earn in this forum through signature and bounty campaigns which I am sure has changed so many people life for good by given them opportunity to earn through their hard work. it's true that Bitcoin is an extraordinary thing in my opinion and we should also be grateful that in this forum we can also earn from signature campaigns and bounty. I agree with your opinion that Bitcoin can provide a better alternative solution to increase our finances which the government in a country may not necessarily be able to do. but I disagree when you say that there are many graduates who have not been employed by the government. because I don't think we have to completely depend on the government if we want to get a job. it is true that the government should also think about and guarantee the availability of jobs for all its citizens, but getting a job is the responsibility of each individual. if there are not many jobs provided by the government then we must keep trying to be creative to work in private companies or maybe we can build a business so that we can create new jobs that will help others. |
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My question is how we can turn their perspective into positive? I have good motive on that because I also want them to have a better lives by understanding how it works and also how we can chance their way of living by using it.
public perception regarding Bitcoin is something negative in my opinion because of the frauds that have occurred to some or several people and this has indeed created a strong negative stigma on Bitcoin by people who don't fully know about Bitcoin. but we know that as time goes by, many people or groups and even well-known influencers have tried to introduce and educate the public about Bitcoin, whether it's through online articles, print media and creating educational content on YouTube and other social media. but in fact there are still many people who do not believe in Bitcoin let alone understand and try to enter the crypto world because the risks are enormous. I think people tend to prefer something that doesn't have a high risk because there are still many who think why waste their money investing in Bitcoin if it's too big a risk for them. but I think this perspective and public acceptance of Bitcoin is only a matter of time until eventually everyone will know the positive side of Bitcoin. |
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Current number of posts (including this one): 1666
Rank: Senior Member
Merit earned in the last 120 days: 12
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It's not a matter of being grateful, but it's a matter of self-development and dreams in my life's journey to achieve my dreams.
Initially I worked as an employee with sober results. The consequence is that I am able to make ends meet but it is difficult to fulfill "wants".
Then I went to sell services, the result was not bad. The consequence is always dealing with a problem and having to solve that problem, which is not my problem.
Then I turned to the world of MLM. The results are mediocre, because so far the distribution of "profits" in the MLM world has not been fair. The consequence is that I have to maintain my prestige, no matter what the conditions are, prestige is number 1, to the point where I don't even realize that I can't even afford to buy milk for my child.
Then I turned to real business, the results were also not bad, but this is where my debts accumulated and the debt figures were fantastic in my opinion. The consequence is that when you fail to pay interest on debt, your existing assets are confiscated. Not to mention being exposed to member fraud and corruption, as a result I went bankrupt due to a lack of experience in managing a real business.
Then I switched to the world of HYIP and BO. The results were extraordinary, but that's where I felt the extraordinary and endless ups and downs, Just being rich for a while, being scammed.
Just prospered for a while, had to restart. The consequence is that when friends, colleagues or relatives come who initially worship us like gods because of smooth profits, when a scam occurs, everyone curses it out.
It feels like I'm about to give up. Now I am very grateful to know this community, because now I can generate bitcoin coffers and certainly a lot of knowledge and insight that I get here with the right trading knowledge. I really enjoy being in this community because with this community I can collect bitcoins and with bitcoins my life has completely changed from before because bitcoin also taught me to dare to dream.
everyone must have their own story of struggles and difficulties they face, but seeing your hard struggle not to just give up easily when experiencing losses and during difficult times actually makes me feel guilty because I am often not grateful for what I already have. I salute to see your struggle, I think you are really a responsible and hard worker OP. you are absolutely right we should all be grateful that we can learn a lot from this forum and from the members of this forum not only the knowledge we get but we can also produce. I think it's not Bitcoin that teaches us to dare to dream, but rather ourselves and from our own experience that teaches us to dare to dream and also because to the support of all members in this forum who are willing to share knowledge and positive enthusiasm. I think Bitcoin is just a way or a medium for us to make our dreams and hopes come true. |
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I don't really rely on bitcoins for my retirement because we never know what will happen to bitcoins in the future, all I do is try to keep collecting bitcoins as long as possible.
and if the future or the next 10 years bitcoin will be very expensive that's very good, and even though the future prospects of bitcoin will be bright but we have to think otherwise.
so the intent and purpose is only to collect as many bitcoins as possible for business capital, buying property or other things that can make money or add value and do it in stages when I get big profits from bitcoin. But that doesn't mean I don't continue to invest, as long as bitcoin is profitable I will continue to do it with other business goals.
Yes, it is not advisable to rely on a volatile and risky asset like bitcoin for retirement. Bitcoin is only suitable as an investment for us to increase our wealth. When making a lot of money from bitcoin investment, we should diversify into safer assets like gold, and real estate for retirement. Don't just focus on bitcoin, it's too risky. I think the statement that you convey is very true and I completely agree with you. at this time we may have faith in Bitcoin because indeed at this time we may have been helped a lot because of Bitcoin but we also have to think realistically because we cannot predict exactly what the future of Bitcoin will be. we must be wise in managing our wealth and we must not only focus on only one way of investing. there are many other ways of investing, we also have to be smart to take advantage of opportunities in other investments as well so that if one of the methods of investment we make decreases in value, there are still reserves from other investments. but apart from that, in my opinion, from our basic human nature, we will never feel enough when it comes to wealth, but all of this actually depends on what habits or lifestyle we have. |
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to me the phrase "invest only what you can afford to lose" is the few percent of money or income that I have that I am not spending or will be spending and that is what I will be investing in.
this sentence exists because it provides a simpler understanding for beginners who are going to invest so they are not greedy and too sure to use all their capital or income to invest.
we know that investing in crypto is very high risk and no one guarantees 100% that our investment will be profitable or successful, if we are too greedy to use all our money it will be disastrous for ourselves when our investment plans fail or even assets we are stolen.
I personally think I'll just take an example from a total of 100% of my income, I will allocate 60% to meet the needs of daily life, then I will allocate 20% for savings, 10% for me to allocate for emergency fund savings, and the remaining 10% this is what I mean funds that I am not currently using or will spend on my investment.
that's just a simple example but everyone has different planning and risk taking on what percentage of money they will allocate to invest.
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~snip
I will say you did a good job with the investment. But the way you did it doesn't seem the right approach. You shouldn't have left the job you were doing at that time. I don't care how low the income is or how you are getting it. As long as you are getting paid from something, you should continue it. Compared to year 2017, now it is very hard to even get a job and with this competition there aren't many options left. And not everyone will be able to achieve what you achieved in life. Crypto trading comes with a high risk. If not done with enough knowledge, this could lead to one's doom. I totally agree with you, leaving our jobs like what OP did is not really something that can be emulated, because not everyone can be as lucky as OP to survive if they choose to leave their main jobs. you are absolutely right that it is difficult to get a job at this time due to the fact that as time goes on there will be more and more graduates and it will be more difficult to get a job because the competition is so intense and the number of jobs is not proportional to the large number of graduates each year. we also have to be wise to keep thinking about getting a fixed and stable income first even though the income we get is still relatively small. Instead of taking the risk of leaving it, it would be better if we keep working while taking advantage of the opportunities that exist in crypto, whether it's from trading or investing. crypto trading or investing is indeed a high risk for everyone even if someone already has a steady income, especially if we don't have a fixed and stable income and force ourselves to trade or invest in crypto it could be disastrous for our finances. but back again that everyone has the right to take risks to improve their finances like OP did. Apart from that, I am personally very happy to hear that someone can succeed in making the right decision even though the risks taken are very high. |
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How can bitcoin end poverty in a country if the people of that country do not know bitcoin and don't know how bitcoin works to get results?.
I think Bitcoin can only change someone's fate from poor to rich if someone can understand how bitcoin works, whether it's trading bitcoin or investing in bitcoin. I think by knowing how, maybe bitcoin will change the life of a person or group for the better
I also agree with the opinion that you convey, to benefit from Bitcoin it all depends on how that person uses it. if that person or group doesn't know and doesn't really know how it works then it won't change anything. but the most important thing in my opinion Bitcoin is not something that was created to easily eradicate the problem of "poverty" in a country. and I think people who are in real "poverty" definitely can't use Bitcoin to make a profit because to get a decent value from trading and investing Bitcoin will need capital. whereas people who are truly in "poverty" do not even have enough to buy or buy basic necessities to eat and drink. then how can they take advantage of Bitcoin if they don't have better capital. Even Bitcoin won't be able to help those who can't use it. |
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Managing finances properly is key to our financial life, which is well known to each of us, I guess. I feel like this is in my bones so sometimes I make some decisions subconsciously. I recently ran into a situation where I found myself really awkward. Last July or August(I can't remember that clearly), one of my extended family cousin asked me for three thousand dollars as he lost his job and could not pay off his loans. I refuse to lend him the money cause I knew him well that he was not a solid trustworthy guy. A few days ago we met on a family reunion occasion and he did not really talk to me and I suddenly realized that it was because I didn't lend him money last year. I think about it twice and if he had not been that untrustworthy, I would have definitely lent him the money. Anyway, I hope he is doing fine now and best wishes to him.
when our family or those closest to us borrow money from us, it will actually be very awkward in the end because if we don't help them, we feel bad for them, but if we have helped them and than they don't keep their promise to pay off their debt or just pay off their debt to us. will also feel bad from putting too much pressure on it. but I think if you think your cousin is someone who can't be trusted then it's only natural if you don't lend him, that's why we have to have good habits towards everyone so that when needed people are willing to help us. if we lend money to people who cannot be trusted, then that is the same as letting go of our money in my opinion, because one day we too will need the money we loaned. but that once again depends on each individual person, sometimes there are also people who are okay if they give up their money so they can help their family or those closest to them. |
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Hello everyone!
Recently I was thinking about BTC payments and I believe that the system is moving towards bitcoin adoption and paying with bitcoin. And it's great!
But the problem for me is that anytime I think about paying with BTC I feel somehow uncomfortable. I always remember the guy who spent 30+ bitcoins on pizza and now these bitcoins are worth a fortune. Like I don't want to be this guy and pay with an asset that WILL go up in price. It feels like you paying more for the product from a future perspective.
What are your thoughts about this? Personally, I usually try to buy with stablecoins if I have some, it just feels more natural for me. I don't want to touch my BTC while the market is still bad.
I think it would depend on what we paid for, because for me if it is something that we really needed at that time and we don't have any other option left then there is nothing to be sad or feel anything from it. I paid with crypto so many times before for my internet connection or mobile data but I didn't regret it because I am using it to learn more and earn in crypto back then. I totally agree with you, this all depends on what we will pay with our Bitcoin, will it be useful for us or will it just be wasted. if we don't want to regret or feel bad for spending our Bitcoin then we have to be able to use it wisely. if we spend our Bitcoin only to fulfill temporary pleasures or be useful only for a moment such as spending it on getting drunk or buying drugs or anything negative, that is not a wise thing and it is certain that our Bitcoin is wasted, it is different if we spend on things which can be useful to us for clearer purposes then why should we feel bad and regret. |
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We all know the quote "the rich get richer and the poor get poorer" I heard this quote when I was in high school now I'm grown up. I always wondering why?
Is it that the rich have already wealth the day they are born? Have savings and investment?
While the poor doesn't have any of those?
The point is I started in low before having some savings and investment. I'm not saying I'm already rich but I can say that I'm better than before. Can you guys share your ideas with this topic.
the quote you mentioned "the rich get richer and the poor get poorer" in my opinion that sentence is a kind of satire for rich people and people in power such as government officials who only think about themselves and commit corruption. I think that sentence arose because there is a lot of corruption that is rampant in every part of the world which has resulted in increasingly massive poverty. I interpret the quoted sentence as an oppression and exploitation by the authorities for their irresponsible actions for taking property that is not their right but the rights of many people. by taking the rights of many people or it can be said corruption they have enriched themselves and become richer. but every person whose rights are taken away will still be poor and getting poorer because of the corruption they are doing. |
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In trading the number one enemy is our self emotions, many trader loss because they can't control thier emotions and it really affects thier decision making and sometimes it will become a reason for the big loss, in crypto we cannot be free from different emotions because everytime market condition is changing and it is really a high volatility market, i think experienced had a very big role on decision making, is this a reason why most of the newbie loss is it because they don't have enough of experience?
You are right and I totally agree with your opinion that in trading activities the many experiences we have can of course make us accustomed to controlling our emotions. not only that but we can also sharpen and sharpen our decision making. yes most beginners will experience losses when trading because they do not have enough experience. for beginners don't give up easily because for beginners this is just the first step to continue to develop their trading skills and abilities. because every professional and successful trader starts his journey from being a beginner to. the more experiences we go through will make us more developed so keep trying even though sometimes we experience losses, but always remember to set a loss limit so we don't lose everything. |
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Bitcointalk Username: lousie9
Forum Rank: Senior Member
BTC segwit address: bc1q3j9mn4njvh9nj2m8w06frckad5rfv8pwecnqht
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you have done the right and good thing OP, about to teach him the habit of keeping records of all his business transactions.
it's true that not many people are aware that actually having detailed financial records will really help us, whatever our business is regardless of whether we have a small or medium-scale business, of course having financial records will be very useful so that we can evaluate finances and manage income and expenses more wisely for our business.
but sometimes some people don't want them to bother to record all transactions in their business in detail even though it includes a small business.
Making it a habit to record expenses and income indirectly is one way that we can build a more disciplined lifestyle in my opinion.
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everyone naturally wants to sell their Bitcoin when their initial goal is achieved whether it's because they have reached their personal target or when Bitcoin reaches a new ATH. but the OP's question really indirectly makes us think again that life is not easy, sometimes we don't know that in the future we may be faced with problems that require us to be able to give up something valuable like our Bitcoin assets.
of course everyone will be forced to sell their Bitcoin assets when there is a very emergency and there is no other way but to sell our property or even Bitcoin assets.
I can't say yet because I haven't experienced a situation where I have to sell my Bitcoin, for health problems it's possible that I won't sell my Bitcoin because I have set up separate funds for health problems.
but maybe if the condition is related to our life and death problems or our family, of course I will not hesitate to sell it. Bitcoin is indeed a valuable asset but in my opinion family is more valuable than all the material things in this world.
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Actually Bitcoin Trading I Mean Crypto Trading And Share Market Both Are Different Platform I Will Recommended Hardly Bitcoin/Crypto Trading Is Always Best And Very Easy To Use.
yes, that's right, crypto trading and investing in stocks market are different, but they are both activities that can benefit for us. Whether it's easy or not, in my opinion actually depends on each individual's ability and understanding of it. we have to do something according to our interests, goals and financial capabilities and the most important thing before we trade crypto or invest in stocks is to understand the advantages and disadvantages. I think profiting by trading crypto is more likely to be efficient in the short term but certainly more risky. while benefiting from stock investment is certainly more suitable for the long term. but if we can do both, trading crypto and investing in stocks of course it's better in my opinion. |
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As bitcoin is, it has the tendencies to appreciate high in price compared to fiat which is stable, bitcoin has no third party custody unless you have it stored in exchange if not you are solely incharge of it which means you have your private keys and phrase under your custody compared to the fiat which is been held by banks and other financial institutions.
As a bitcoin enthusiast having the knowledge of bitcoin and it's potentials compared to the fiat as a local currency and means of exchange or payment for services rendered what is your take and preference on it? And how long do you think it will take for bitcoin to be accepted as a digital legal tender world wide?
You opinions and thoughts are welcomed, let us discuss.
between Bitcoin and Fiat each has its own charm, reasons to be liked, and of course has its own advantages and disadvantages. i think being able to have both is a good thing for all of us. In my opinion, Bitcoin does have good potential, but Bitcoin is very risky because it is fluctuating and unpredictable and currently not everyone knows and can use it because it has not been fully accepted in every country. while Fiat has been used by everyone around the world and for all of us Fiat is like the main need to buy whatever we need everyday. I don't know, it's too early to judge, no one can predict when and whether Bitcoin will eventually be accepted as legal tender worldwide. |
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Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.
I think the people you meet are not really being honest telling the truth. he says he has no knowledge of trading, but he uses all his savings to trade and make a profit? how could that be?. it looks very funny and very easy way to earn a lot. so that we know he was not honest with you OP. It is impossible for people who do not have trading knowledge to be desperate to use all their savings to trade and make a profit from it. Short-term trading is risky for beginners
In my opinion, trading is indeed a risky activity or job, but it is not only risky for beginners, even a professional trader cannot avoid the risk of losses that exist when trading. for me the wisest thing is to study in theory first so that you have knowledge about short-term trading, and after that don't rush to get big profits and in a short period of time, therefore use small capital first to gain experience. afterwards, we will understand the difficulties that exist in trading, so that we can slowly improve them gradually
what you say is absolutely true and this has been said several times that learning the basic theory is the main key for everyone when they want to start trading, we shouldn't force ourselves to trade right away if we haven't mastered the basic theory and understand how to analyze the market. after really feeling that we have enough a basic understanding of trading, we are welcome to start practicing trading gradually with small money first and don't ever be greedy to use all of our money to trade. |
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As a small bitcoin trader, I feel intimidated rather than inspired when watch certain YouTube or Social Media titles or content like "Day in the Life of a Young Millionaire Trader in Dubai" or "Day In The Life of a 23 Year Old Making $10,000 a Day", or "A Day In The Life of a Crypto Trader" etc. They feature young millionaire traders in beautiful places or traders who make thousands of dollars and to be honest, it creates a feeling of inadequacy or distress in me because I am yet to reached those levels of success yet. However, I have begun to avoid them and what I do is to focus on my own trading goals and aspirations. As a small bitcoin trader, have you ever felt intimidated, distressed, inadequate or inspired after watching these types of videos or content?
I did not know those kind of videos existed, which should show how much I care about them, however as an example if someone else has a lot more bitcoin than I do, I only think that this is good for them and then I immediately move on. there are a lot of videos like what the OP meant and I'm sure maybe even in every country there must be someone who makes content like that. In my opinion, content like that should only be enjoyed, there's no need to make ourselves feel discouraged and intimidated like what OP experienced. because the content creators make video content for the purpose of entertaining and only showing their success, and their goal is to get and attract a large audience from the luxury they display in order to increase their income from YouTube or their social media platform. The moment you begin to compare yourself to someone else then you will always come up short, as there will always be someone with more money, and even if somehow you made it to the very top and no one else had more money than you there could always be some things you could desire you had from other people, and since this does not really help us in our development as traders or investors I do not see the need to use our limited time and energy on it.
yes what you said it is true that when we are jealous of other people's success it will make ourselves feel that we are always lacking and make us not confident. we must remain grateful for our current achievements. Instead of thinking about other people's stories that are not necessarily the truth, it is better for us to always focus on developing and increasing our trading skills and knowledge so that we can take maximum profits when trading. |
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I have a strange impression about trading community groups, such groups are just a show off of wealth rather than discussing strategies and trading plans. Thinking about things like this makes me tend to ignore trading groups or communities, of course this is never fun especially when you really expect a lot of knowledge to be shared.
After all, a trading community or group that is not well-moderated by the owner is just a bad alarm for emotional management failure. Someone may be influenced by other people's decisions and they have to accept losses because of wrong decisions.
Most of the time, you will read successful stories but they won't share their failures and reasons why such failures. Maybe for the sake of getting insights, you can join them as long as it is free. But if they will start asking for a fee, then, better get out. You can earn your skill or knowledge on your own. You can actually discover a lot of tricks if you will do your own trading. Just start small and be patient with your journey. I completely agree with your opinion, for beginners who are really just starting trading, I think it's best to seek knowledge independently, whether by reading or watching videos about trading education or learning directly from someone who has good capacity or knowledge in trading. because right now I think most trading communities or groups have now been made into wetlands for commercialization or in other words if we want to join that group or communities and take knowledge there we have to pay first so that we have full access and more knowledge in that community. In fact, there have been many cases of trading communities founded by well-known people or even some influencers, it turns out that they are defrauding beginners who really don't have any knowledge of trading. |
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