Inflation involves the increase in price of goods and services in the market making things unaffordable to the common inflation is one word that has really affected allot of people, looking at the market price of goods and services as been affected rapidly.
Inflation is really affecting the common man as even though those salary earners are complaining as the price of goods continue to improve and skyrocketed high inflation rate is really a Thorn in the flesh of the common man
The government increased the minimum wage in my country recently and some employers are demanding more from workers. My boss even wants me to take on more tasks because our salary has increased. And I told him that I had been living comfortably last two years with lower salary. I can't save from my current earnings but I could two years ago.The increase in salary is worthless because it has lower purchasing power than years ago. With the level of inflation moat countries are going through, if you don't have multiple streams of income, you might not be able to afford basic needs.
The funny thing is that the increment in salary does not contribute to your financial strength, because the price of commodity keeps on increasing due to high tensed
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1. BNB Coin
2. Ripple Coin
3. Ethereum Coin
BNB, Ripple and Ethereum might be good coins to invest in but maybe the stages are Ethereum first, BNB second and Ripple third. I am not sure about Ripple and BNB because both of these coins have a centralized system, I have heard this information from other members but I forgot again
All the coins that you mentioned above are centralized not only those two that you mentioned. Etherum is a centralized network and change from PoW to PoS making it more shitty. It's better that you invest 90% of your investment on bitcoin rather than patronizing these altcoins because they don't have big hope in the market like bitcoin.
How can Ethereum be a centralized coin? What is the basic explanation of Ethereum becoming a centralized coin?
Is there any connection with the change of the Ethereum system to the POS type? I am very curious to know this knowledge from you.
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4. Wif Coin
5. BoMe Coin
I will remove these two coins from my investment list because these two coins are Meme coins, I don't want to invest in Meme coins because I personally think it is very risky.
Me, too.
Even I also do not know or do not know about this coin. and if both are meme coins then it would be better for me to stay away. The meme coins that I have held for investment so far are Doge, which is certain and it really works well with the current increase. but for new meme coins, I am not sure, unless for short term based on uptrend which allows for profits, only that is very high risk.
Yup that's right, this Meme coin is full of drama. We all know that cryptocurrency is basically high risk, this is added to by the strange Meme coin and sometimes becomes a coin in just a matter of days.
I'd rather just avoid the Meme coin and choose Bitcoin or Ethereum for my own investment.
But there are actually some meme coin which are worth investing in and can be very beneficial and useful with a lot of value. Investing in bitcoin is a long term investment but altcoin can be day to day activities with little benefits sometimes very larger values
some Meme coin are worth investing in and they can prove to be valuable even more to bitcoin.
Easy said than done. Can you tell me which meme coin that you given you profit before that can still give you profit currently. Most meme coins after dump hardly recover and their pump is like magic, before a twinkle of an eye, their price will dip. Most meme coins that's is newly launched depreciate in price after the lunch. Bitcoin is a long-term investment for hodlers and not to get rich quick. People that feel they are smart enough to get rich quick with meme coins ends up running at loss. they are just working without anything to show for it.
I know of someone working in the government on level 5, he just got the job two years ago and he was very happy when he came to me. Unfortunately, due to the high level of inflation after the new administration took over power, he has quitted his job, because of high cost of transportation consuming more than 60% of his salary. Having extra means of income is the best way to go about it.