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Author Topic: Buy Crypto Or Have Fun Staying Poor!  (Read 1185 times)
AicecreaME
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January 18, 2022, 03:58:54 PM
 #41

Indeed, investing in crypto is a good thing. It has a lot of benefits most especially now that the innovation and technology is fast advancing and the inflation is getting higher and higher each year. It's much better to put your money in someplace you can trust and rely onto. Since the economy of each country is not the same, it's ideal to put your money to where it is safe from being devalued over time. Putting your money in a bank or just holding it by cold cash isn't really a smart move to do. If you have the means, the resources, and the knowledge and skills needed for someone to store your funds in crypto, then do it. Not everyone has the same luxury as you do and you must take advantage of it as long as you can. Not everyone is as privileged so, be thankful and utilize what you have to your own advantage that your future self would thank you for.

If you don't have the means yet to be able to invest and store your funds in crypto, you can try other things first and then later on when you already have the resources needed, you can invest and make crypto as your store of value. Since not everyone is fortunate enough to easily do what they wanna do, you can take it little by little. After all, in crypto there is no discrimination and there would be no judgment no matter what bracket of society you belong to.
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January 18, 2022, 05:49:06 PM
 #42

Investing in cryptocurrency does not mean becoming rich. So everyone would be interested in investing in cryptocurrency by selling all their assets. With this little risk, everyone would become rich. I do not deny that investing in cryptocurrencies is not profitable, but whatever we do, we should think carefully.
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January 18, 2022, 06:04:02 PM
Merited by The Sceptical Chymist (3)
 #43

Investing in cryptocurrency does not mean becoming rich. So everyone would be interested in investing in cryptocurrency by selling all their assets. With this little risk, everyone would become rich. I do not deny that investing in cryptocurrencies is not profitable, but whatever we do, we should think carefully.
Cryptocurrency is a general word that includes all crypto in it. Keep in mind that 99% of today's crypto should get a good analysis before you start investing, 1% of which might be good for your investment in the long term. Investing in cryptocurrencies will not guarantee that you will be rich, meaning there is a possibility that you will be much poorer after investing due to poor asset selection. Even if you really believe in bitcoin right now, then that also can't guarantee you to be rich in the future because we all never know what will happen to bitcoin in the future. Make sure you have considered all the risks and still make sure you invest the amount you can afford to lose.

Indeed, in the last 11 years this investment has been very profitable, especially bitcoin. But you also have to believe that all of them should still care about the security of their crypto assets (wallets). The success of your investment depends on how you manage your portfolio and how you keep it safe from various risks.

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January 18, 2022, 07:00:37 PM
Merited by The Sceptical Chymist (3)
 #44

If you're still primarily holding fiat, you're not paying attention to what we do here on a daily basis. Inflation, according to Elon Musk, is the most regressive of all the tasks. The US dollar has been the strongest currency for the past 100 years, yet it has lost 95% of its purchasing value since 1913. Fiat currency will always lose value over time, but cryptocurrency will always gain value over time; the two are moving in different directions. According to recent studies, 40% of all US dollars in circulation were printed in the last twelve months. Every day, they are printing away our wealth. Opt out and invest in cryptocurrency instead.
The first thing you must understand is that there are quite a lot of crypto's, some of them are shitcoins, pump and dump coins, coins without any use case whatsoever, etc, thus many of them are not even in any way worth hodling whatsoever, having said that, I know there is Bitcoin that can serve as a hedge to Inflation, and as far as I'm concerned it's somewhat one of the very few coins that's actually great to hodl as a currency, hedge to inflation, investment, etc.

Having said that, my point is that even crypto is not a safe heaven, and one needs to still apply caution in the market, for example, you must only invest what you can afford to lose and choose your coins wisely. Of course Fiat inflation is becoming a very pressing issue, and it looks set to get worse by the day, Bitcoin is definitely a great hedge, but just mind you that it is not a safe haven, and do not also think other cryptocurrencies are as well.

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January 18, 2022, 07:11:24 PM
 #45

Investing in cryptocurrency does not mean becoming rich. So everyone would be interested in investing in cryptocurrency by selling all their assets. With this little risk, everyone would become rich. I do not deny that investing in cryptocurrencies is not profitable, but whatever we do, we should think carefully.

Never stretch your finances too much... but I guess almost anyone can afford to buy some crypto and put it on a side! People who have done that in the past 10 years don't regret it, while fiat is losing value some cryptocurrencies made new records!
I guess that headline is a bit hard, people who don't buy crypto will not stay poor, but with investing in crypto it's like you have something that can be very desirable in the future... as much as some people would like it different, future will be all about digitalization, metaverses, and all that stuff... and crypto is all about that!

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January 18, 2022, 07:34:23 PM
 #46

If you're still primarily holding fiat, you're not paying attention to what we do here on a daily basis. Inflation, according to Elon Musk, is the most regressive of all the tasks. The US dollar has been the strongest currency for the past 100 years, yet it has lost 95% of its purchasing value since 1913. Fiat currency will always lose value over time, but cryptocurrency will always gain value over time; the two are moving in different directions. According to recent studies, 40% of all US dollars in circulation were printed in the last twelve months. Every day, they are printing away our wealth. Opt out and invest in cryptocurrency instead.
The first thing you must understand is that there are quite a lot of crypto's, some of them are shitcoins, pump and dump coins, coins without any use case whatsoever, etc, thus many of them are not even in any way worth hodling whatsoever, having said that, I know there is Bitcoin that can serve as a hedge to Inflation, and as far as I'm concerned it's somewhat one of the very few coins that's actually great to hodl as a currency, hedge to inflation, investment, etc.
When i used the word "cryptocurrency" I didn't mean cryptocurrencies in general, I already know that most crypto coins and tokens are scams, some fake and others rug pools.
But what I expect of me, you and every one else is to know the right cryptocurrency to invest in that will guarantee profit at the end of a certain period like every year or maybe 6 months.

One way to know that fiat are useless is to keep $100 usd in fiat and buy $100 usd worth of the right crypto coin(it must not always be bitcoin, there are several other very legitimate cryptos out there), now, give both 10 years.
In 10 years time, your $100 usd in fiat can not by you a car(under no circumstances will it) but your $100 usd in the right crypto coin has a very high chance of buying you a car (might not be your dream car but it sure can buy you a car).

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January 18, 2022, 08:17:52 PM
 #47

Investing in cryptocurrency does not mean becoming rich. So everyone would be interested in investing in cryptocurrency by selling all their assets. With this little risk, everyone would become rich. I do not deny that investing in cryptocurrencies is not profitable, but whatever we do, we should think carefully.

Never stretch your finances too much... but I guess almost anyone can afford to buy some crypto and put it on a side! People who have done that in the past 10 years don't regret it, while fiat is losing value some cryptocurrencies made new records!
I guess that headline is a bit hard, people who don't buy crypto will not stay poor, but with investing in crypto it's like you have something that can be very desirable in the future... as much as some people would like it different, future will be all about digitalization, metaverses, and all that stuff... and crypto is all about that!
It would really vary on interest and we know that not all is poor, it is really just that they couldnt really just made out some action on how to dealt with crypto but instead they do go
on having that observation and just tending to see if others does made out that good decision but of course i do really agree on that thing on where crypto could pull you
off into financial hardship if you made it done but always mind off about the potential risks behind.You couldnt just achieve these things without those challenges
in front.

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January 18, 2022, 08:30:12 PM
 #48

Fiat currency will always lose value over time, but cryptocurrency will always gain value over time; the two are moving in different directions. According to recent studies, 40% of all US dollars in circulation were printed in the last twelve months. Every day, they are printing away our wealth. Opt out and invest in cryptocurrency instead.
But who are all saving in fiats? I read the interest on bank savings like deposits are yielding at a rate which is lower than inflation rate. So, there will be no point of keeping fiats at interest rate lower than the rate at which day-to-day products are increasing.

These days bitcoin must be highly returns producing investment opportunity hence choosing it will help anyone to bail out the problems of higher inflation. Hope people from around the world will understand and make a right decision for their hard work. No one will prefer to stay or become poor and when we are spreading the awareness of bitcoin investment opportunity then people will adapt bitcoin for their better tomorrow.

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January 18, 2022, 08:43:57 PM
 #49

All cryptocoins are only shit scams designed to steal bitcoin from idiot noobs.youre welcome :-)
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January 18, 2022, 09:13:37 PM
 #50

If you're still primarily holding fiat, you're not paying attention to what we do here on a daily basis. Inflation, according to Elon Musk, is the most regressive of all the tasks. The US dollar has been the strongest currency for the past 100 years, yet it has lost 95% of its purchasing value since 1913. Fiat currency will always lose value over time, but cryptocurrency will always gain value over time; the two are moving in different directions. According to recent studies, 40% of all US dollars in circulation were printed in the last twelve months. Every day, they are printing away our wealth. Opt out and invest in cryptocurrency instead.



The words are fact.I had seen many people who is poor and became a middle level and upper level from poverty line.Only thing is, they need to buy a good amount of crypto at the price of dump one. If you buy maximum amount of count will be good. When people found the high value in the market. They need to fix their mind with minimim profit and get huge from it. Nearly 70 percentage of poor moved to normal level from their poor stage.

I am one of those people who changed their economy after investing in crypto, especially in 2021 some coins managed to break new records.
This made me make a very large profit, since the crypto price experienced a correction at the end of 2021, it was my chance to start buying
crypto again. As long as we buy potential coins, then we can be patient waiting for the price to go up, then we can generate a fairly large profit.
Crypto does provide an opportunity for everyone to be rich, but that does not mean it can be achieved instantly. It took a long process to go
through, so getting rich from investing in crypto is not easy, so it takes hard work to achieve it. If we have tried investing in crypto but still
haven't succeeded, don't give up quickly, continue to learn well about crypto. In order to understand how to effectively make a profit from crypto,
in all things a person who is unyielding and patient will achieve what he wants.

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January 19, 2022, 06:15:47 AM
 #51

The words are fact.I had seen many people who is poor and became a middle level and upper level from poverty line.Only thing is, they need to buy a good amount of crypto at the price of dump one. If you buy maximum amount of count will be good. When people found the high value in the market. They need to fix their mind with minimim profit and get huge from it. Nearly 70 percentage of poor moved to normal level from their poor stage.
Yes that is the truth, I’ve seen so many people who were able to start living a better life and escape from poverty through Bitcoin. Although it is usually not easy, and it is never the same story for everyone that invest in Bitcoin, but I believe that anyone who makes a proper plan for themselves to achieve something through Bitcoin, would always achieve it.

And that is the same thing with me, I was able to help myself through Bitcoin investment. Before I started investing in Bitcoin, my life wasn’t really as it is now, and things were quite difficult. But, when I discovered Bitcoin, I planned myself and I did proper research to fully understand it, and I was able to help myself through Bitcoin. So I believe that anyone else can also do the same thing.
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January 19, 2022, 09:16:13 AM
 #52

Investing in cryptocurrency does not mean becoming rich. So everyone would be interested in investing in cryptocurrency by selling all their assets. With this little risk, everyone would become rich. I do not deny that investing in cryptocurrencies is not profitable, but whatever we do, we should think carefully.
Indeed, investing in cryptocurrencies does not mean to make us rich, but that way we at least find a way to achieve what we hope for. Indeed, some people think that when we invest, they think we are rich. Especially people who don't know the ins and outs (don't know crypto). They don't know how we feel when we look at the market, it tests our mentality.

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January 19, 2022, 12:45:27 PM
 #53

Investing in cryptocurrency does not mean becoming rich. So everyone would be interested in investing in cryptocurrency by selling all their assets. With this little risk, everyone would become rich. I do not deny that investing in cryptocurrencies is not profitable, but whatever we do, we should think carefully.
Indeed, investing in cryptocurrencies does not mean to make us rich, but that way we at least find a way to achieve what we hope for. Indeed, some people think that when we invest, they think we are rich. Especially people who don't know the ins and outs (don't know crypto). They don't know how we feel when we look at the market, it tests our mentality.

Investing in crypto doesn't necessarily make people rich, not infrequently there are even those who experience substantial losses because they are careless in investing, I personally  invested in bitcoin only as savings for the future and as an emergency fund if needed at any time, for trading , I do it only to fulfill daily needs in my life so far, even though I don't get rich in crypto investing, but at least from crypto I can get an income that can keep me alive all this time.

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XUR_TIP
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January 19, 2022, 01:18:06 PM
 #54

The topic should be 'buy bitcoin or have fun staying poor' because many crypto coins and tokens are scam, some are rugpull they will definitely disappear in months or few years later, some will even get abandoned as time goes by, it's better to stick with the big boss

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January 19, 2022, 01:49:48 PM
 #55

Buying crypto requires pretty good funding amount in our banks tbh. You cant just throw away the bones in front of crypto. We literally need big efforts to earn something from the crypto also and moreover holding is another level challenge for normal peeps. My own experience have been tough in the crypto while holding it. No matter what if the crypto is at its peak we end up selling it and making profits; thats good but it takes whole lot of efforts to put back money.

This buying and selling process in the crypto environment is not making sense for many users and thus we are not able to hold it or use it on regular basis.

Just buying is not the step here. There are number of factors which are responsible for the second guy holding that board and saying have fun staying poor. Lolz.
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January 19, 2022, 02:08:13 PM
 #56

If you're still primarily holding fiat, you're not paying attention to what we do here on a daily basis. Inflation, according to Elon Musk, is the most regressive of all the tasks. The US dollar has been the strongest currency for the past 100 years, yet it has lost 95% of its purchasing value since 1913. Fiat currency will always lose value over time, but cryptocurrency will always gain value over time; the two are moving in different directions. According to recent studies, 40% of all US dollars in circulation were printed in the last twelve months. Every day, they are printing away our wealth. Opt out and invest in cryptocurrency instead.
Whenever I am investing in cryptocurrency, I don’t really diversify that much, my main targets are usually just Bitcoin and Ethereum. Although as of recent I’ve decided to add Cardano to the list of cryptocurrencies that I’m investing in. I’m not the type of investor that likes buying too many cryptocurrencies, especially the new ones in the market, because I know very well that most of them in the market are not really like Bitcoin and wouldn’t last that long.

So, anyone that is investing should also be very careful and know the particular coins that they are investing their money in, so that they can avoid losing funds in the future. Bitcoin is the only cryptocurrency for me that I know is really worth it, and then it is followed by Ethereum and a few others that are quite good.

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January 19, 2022, 02:34:46 PM
 #57

Remember crypto is volatile making it's price unstable and full of risk. I get your point in driving home the need to invest in cryptocurrency but at least you should be fair enough to talk about the more risk tendency involved in cryptocurrency over fiat other than paint it look like it's a way to express massive wealth without first highlighting the dangers involved. Elon musk himself doesn't have a his assets in cryptocurrency he too diversify. Having a well structured portfolio which encompasses fiat, crypto and other centralized investment could be a balanced sheet mostly for the down times
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January 19, 2022, 04:01:19 PM
 #58

What about the risk factor? You cannot please everyone and not just anyone have the courage to buy cryptocurrencies or Bitcoin. Traditional thing is to save money in the bank, in fiat. That is the safest up until now even though there is no increase with whatever you save. Banks trust rating is still higher than anything even a piggy bank.
Not against it but lets just list the facts first in this pandemic. Having fast cash when you need it is the one being supported and not cryptocurrencies where you have to go with a lot of steps before taking it out as a means of purchasing.
For most newbies the risk factor is something they never take into account, after all they believe that just by investing in this market they are going to become rich so it is obvious they will never take something like that into consideration, which is a problem, we know that governments are printing too much money and that is reducing what you can buy with the same amount of fiat, but it is not as if this market has no risks either, and it is because of those risks that newbies that have no knowledge about how to protect themselves from those dangers end up losing their money.
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January 19, 2022, 09:21:00 PM
 #59

What about the risk factor? You cannot please everyone and not just anyone have the courage to buy cryptocurrencies or Bitcoin. Traditional thing is to save money in the bank, in fiat. That is the safest up until now even though there is no increase with whatever you save. Banks trust rating is still higher than anything even a piggy bank.
Not against it but lets just list the facts first in this pandemic. Having fast cash when you need it is the one being supported and not cryptocurrencies where you have to go with a lot of steps before taking it out as a means of purchasing.
For most newbies the risk factor is something they never take into account, after all they believe that just by investing in this market they are going to become rich so it is obvious they will never take something like that into consideration, which is a problem, we know that governments are printing too much money and that is reducing what you can buy with the same amount of fiat, but it is not as if this market has no risks either, and it is because of those risks that newbies that have no knowledge about how to protect themselves from those dangers end up losing their money.
Learning do comes after a disaster and this is where noobs do usually learn and not before which it is a must thing to consider first when you do made out some engagement on this market.
All of us does have that mindset to become rich via means of investment and this is where people do end up on making hasty decisions but we do eventually learn in the end of the line.
Once we are aware on how this market works and on how to deal off with things then we would able to handle ourselves and able to make profits at least.

R


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January 19, 2022, 09:58:19 PM
 #60

Investing in cryptocurrency does not mean becoming rich. So everyone would be interested in investing in cryptocurrency by selling all their assets. With this little risk, everyone would become rich. I do not deny that investing in cryptocurrencies is not profitable, but whatever we do, we should think carefully.
Indeed, investing in cryptocurrencies does not mean to make us rich, but that way we at least find a way to achieve what we hope for. Indeed, some people think that when we invest, they think we are rich. Especially people who don't know the ins and outs (don't know crypto). They don't know how we feel when we look at the market, it tests our mentality.
Even if we are not "rich" it still makes us "richer", and that is usually the confusion people have. Yes we are not rich at all, even if you are still poor after investing into crypto, that doesn't mean that you are poorer, it just means you are richer but even your richer version is still poor. Someone who makes 150-200 dollars a month as salary in a third world country making maybe 50 bucks a month from crypto a month will not be rich, they will still be poor, but at least they are richer than before they got into crypto.

Consider ALL the ways you could make money in the crypto world by working here, all those campaigns, twitter giveaways, airdrops and god knows how many other methods, all of that could be as much as 100 bucks a month easily, for third world nation poor people that is a lot of money. People need to realize the difference between rich and richer.
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