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Showing 20 of 782 results by Kimonoe
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Board Trading Discussion
Re: Emotion and Trade?
by
Kimonoe
on 15/07/2023, 04:36:04 UTC
Emotions in trading is like water and oil, they don't mix well. If I've learnt one thing in this space it is patience. First you need to refine your analysis skills, master the skill of trading, employ patience and eschew emotions because it can alter your decision-making. Most traders today resort to using bots not because they lack the skill but because they can't trade without emotions, so consider AI grid trading if you find yourself in that category, maybe Bitget's AI Grid trading for a start


Absolutely, in trading one can never over invest with emotion. Especially in the crypto currency market, which is always volatile, one has to keep  emotions under control. Those who are patient in trading always earn good profits. Trading on emotions often leads to losses. Experience is the best teacher' People who are experienced always trade well with their experience and analysis. I think instead of bot trading if you get your own experience and trade with your own analysis it can give you a good profit. However, people who have no experience in trading can use bots.
with emotions will mess up our clear minds to think about the chart that happened. then anyone who can't control his emotions then it is certain that his trading will be chaotic. therefore in learning trading usually many teach psychology first, before entering technical analysis lessons, because indeed the main thing that determines trading success is emotional control so that you can carry out the strategies that have been made. if that discipline can be implemented, then we can analyze the development of the techniques we use
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Topic
Board Trading Discussion
Re: One or more trading strategies, which one do you prefer?
by
Kimonoe
on 15/07/2023, 04:24:32 UTC
I personally prefer using only one Trading strategy, During my early trading days i went through so much strategies from one to another to choose the one that best suit my style. After a while i was able to pick one don't think i will ever use another strategy apart from mine to avoid complications.

In my own case, I'd prefer making use of a single strategy but when am using that for a long time and over this period without having a result to back it up then i try to switch or change to another maybe i could use another approach to get a better experience with my trading, this is how I've been always staying with these kind of situation because i like holding onto something but not when am not having good results from it, then i try to refrain myself for another option.
if you are still in the learning stage it is better to use one strategy, because we will analyze the progress of the development of our trading system first, until we achieve the goal of getting consistent profits in trading. after feeling that you have mastered one trading system, then we can develop another trading system, it aims to approach methods from several existing trading systems, so that we know the advantages and disadvantages of each system used
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Topic
Board Trading Discussion
Re: The price dropping, any reason the huge dump?
by
Kimonoe
on 15/07/2023, 04:11:43 UTC
This is why we do love Bitcoin. There's a huge dump within a few hours and then it recovers so fast. Thanks to the many institutional buyers that have been quick in buying those sold Bitcoins by the panic sellers.
Yes, that's right, that's why we love and trust Bitcoin. As we are experiencing right now. Just yesterday Bitcoin reached $ 31.5k and finally dropped back to $ 30k. And now it's still around that price. We are very aware that the price of Bitcoin will always be like this, being volatile with ups and downs which sometimes are still quite under control (if there is no FUD that is so bad it attacks suddenly). this is what makes Bitcoin always trusted both for trading and long term investing. Because, Bitcoin will always have an increase someday and it is very worthy even if we hold it for some time. All that remains is how patient and we don't panic about everything that happens in the market.
with its fluctuating nature it becomes an advantage to get bigger profits, so that things like this are preferred by speculators, I don't think there is a definite reason for this incident, considering that we are used to the characteristics of bitcoin which has high movements. but for beginners this is what makes them scared and panicked, so they make the wrong decisions, and in the end they are confused about what to do, for example because they are afraid they will let go, but after that the market actually increases according to the first analysis
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Topic
Board Trading Discussion
Re: How do I understand Bitcoin charts?
by
Kimonoe
on 15/07/2023, 04:01:52 UTC
as simple as I know on the bitcoin chart there will be support and resistance, we think of it as a fortress. if the support is broken, then there is greater selling power, then there is a possibility that there will be a decline again, and if the resistance is broken, then the price is likely to move up, and the trend will be up, so we can look for prices to buy. but for that you need to learn with the experience of reading charts continuously, because sometimes it doesn't match our analysis, and we have to have a strategy for that
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Topic
Board Trading Discussion
Re: Trading as a newbie?
by
Kimonoe
on 15/07/2023, 03:53:22 UTC
stop those wrong steps of trading or will lost everything soon. Trading is so typical things in my opinion, better for Newbie to stay away from it. Trading needs concentration, focus, Complex calculation, patient as well as a lot of time for monitoring. you need to learn those before start up. I think trading is only suitable for them who are fully expert in this field. Less knowledge, incomplete ideas can destroy your whole career. until that you can invest some good altcoins for your profit
As a newbie trader, one need to be ready to learn always and make quick correction when things get out of hand. If we don't act fast as a trader, we might keep making the same mistake everytime we enter the market. Trading is very risky just like an investor is always advise to be very careful and measure there risk whenever they want to invest in cryptocurrency.
 Like we know that Bitcoin is very volatile, same weay is trading very tempting and misleading when we get lost or we don't know what we are doing. It is good for us to learn everything about trading so that we are not going to be ignorant as a cryptocurrency trader that want to make profits from the market.
This is a big challenge for newbie traders because basically trading is so complicated,
much to be learned besides basic knowledge and skills,
besides that experience is also important and we can get it by trying.
as a beginner, you must be thirsty to learn about trading, because there will be a lot of knowledge that can be absorbed from various sources. but basically will have the same core. including technical analysis, money management, and trading psychology. many are looking for the best technique for trading, but that is a wrong thought, instead psychology must be thickened to get consistent profits, but without leaving TA and money management
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Topic
Board Economics
Re: The future of Farming.
by
Kimonoe
on 14/07/2023, 14:11:20 UTC
Many agricultural commodities such as corn, soybeans, meat, eggs and many more must be imported from other countries, when 15 or 20 years ago my country exports the commodity, and of course this is a sad fact, this is because of the many agricultural land that changes functions become an apartment building, park, tourist attractions and so on. Naturally, if the price of agricultural materials is more expensive.

The government needs to make farming an encouraged business to do for the people and they must also focus on this agricultural aspect because that's the sole dependent of economy markets and human sustainability, farming must be done both on the rural and urban settings, a country must bot be too dependent on importation of food items from other countries when they are meant to encourage their young adults to engage in farming by making adequate provisions for their start up needs to encourage them venture into farming, this will help the country eradicate poverty, hunger and disease, other countries may also depends on their productions.
It's sad to see what used to be an exporting country and now an importing country, agricultural land is getting narrower coupled with human resources who are less enthusiastic about farming, especially for young people, because they think farming is not a cool job. therefore, with the development of technology, in terms of production, the government should encourage agricultural technology that can increase production even though agricultural land is decreasing. or in my country where large areas can open up land for the development of agricultural areas
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Topic
Board Economics
Re: less risk or big profit?
by
Kimonoe
on 14/07/2023, 14:00:28 UTC
Some people may prefer to invest in real estate because they value stability, security, and tangible assets. Others may prefer to invest in cryptocurrency because they value innovation, freedom, and high returns.
choosing a little risk or a big profit depends on how one's situation is. sometimes, someone already has a lot of income, and prefers a small risky investment, so they prefer gold, land, property, and others. I think, it's a good investment. it's just that we have a steady and large source of income and have everything we need. Meanwhile, many people prefer big risks, but with bigger profits, that's because they are still in the business development stage. they are willing to take risks to speed up their financial additions so they can develop their other businesses. This is mostly done by young people, or people who are building their business, whereas small risks are sometimes more often taken by people who already have what they need, or those who are nearing the retirement stage.
a high speculative attitude is needed for those who want their lives to develop, so they must be willing to take risks, but taking risks must be done with careful calculation so that we can minimize these big risks. many people who are successful from the start dare to take risks until finally their income is in accordance with the plan and after that they will certainly diversify into other business fields, so that their business will grow until they finally take safe steps to put their money in such as investing in land
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Topic
Board Economics
Re: Is poverty a lack of money?
by
Kimonoe
on 14/07/2023, 13:50:04 UTC
Honestly if you differentiate the situation of the people in the cities and provinces, poverty might have a new meaning to it. If you don't have money in cities, you can't buy foods and any other basic needs. In some provinces, as long as you have rich soil, with different crops and veggies, together with river with fishes, you can eat. They don't have money but are they consider to be in poverty if they can survive everyday life?

It is not all about food but also shelter and education. Let's say they have a house but don't own it or have access to education. Yes, yes they can survive on a daily basis in terms of food, but how about clothing? the education? Are they going to school? Also other basic needs like pens, paper, and other stuff that is used in the home. Poverty is really a broad term, but it is really different in provinces and cities because you'll die in cities if you don't have money, unlike in provinces where you can pick some vegetables beside the road.
based on mathematical calculations, each region has its own income level limit. whether in the city or in the village will have a nominally different level of basic needs. People are said to be poor if their income is below the regional income standard, so it is difficult to meet their needs in the area where they live. for example in the village, indeed they do not lack food, but we can calculate their income from the profit of each harvest, so that it is at that level, because the necessities of life are not only food that they can produce themselves, but there are many other needs which of course must be met. fulfill it must be exchanged for a certain amount of money
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Topic
Board Economics
Re: Things you should know about Money mindset
by
Kimonoe
on 14/07/2023, 13:40:31 UTC
I wonder if what OP is referring to is just a way of expressing the material complexity of life, we seek money, not money seek us? What is money? Purpose to have it? And then what? A vicious cycle and a pile of questions that sometimes we have the answers to ourselves or don't want to ask but still let the power of money rule our minds. I find it simpler than making money just to serve the happiness of each person's life position, the happiness of an ordinary person is different from the happiness of a rich person, so it is not necessary to distinguish the level of money and pressure on each other. You may or may not, as long as you feel you are doing it right for yourself and the people around you, that's what I see money as important and not as important.
indeed everyone has their own way of life, money is no exception, we cannot measure a person's happiness from how much money he has, because everyone has their own problems, so this is what makes people see other people's lives more perfect than himself, although that is not certain either. but indeed with us being able to be rich then our life will be more useful to be able to help others and of course will find happiness in itself, on the other hand admittedly or not many problems can be solved with money
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Topic
Board Economics
Re: Economic problem, why is fiat difficult to hold.
by
Kimonoe
on 14/07/2023, 13:29:50 UTC
Well, the higher the price of goods on the market, the lower the price value of a fiat. That is why those holding fiat will increasingly lose value due to eroded inflation. But holding fiat cash is sometimes necessary for emergencies because it's easy to use. And yes, for the lower classes of society at this time they are only struggling to survive by meeting their daily basic needs. Everything they buy is essential things for survival like food for example. for the middle and upper class, maybe they can still overcome the current conditions. and they can still invest and save. because the middle and upper class usually always produce more than what they need to buy. It's just that there are also middle class people who live extravagantly and always buy things they don't really need.
Therefore, the poor do not have to worry about holding fiat and how best to do it, because they simply do not have that much fiat, since they spend everything on food and basic necessities.

Those who can save something will keep fiat, at least some part in the national currency, and some reserve in a more stable currency. And other funds will be invested somewhere, either in a business or in real estate, this has always been a good decision, as it will contribute to further income. For the rich, there will be an even greater opportunity to diversify their finances, perhaps into gold or bitcoin, as their income may allow them to do so. The more you can distribute investments in different directions, the more protected you will be.
mindset that must be changed to be rich. no matter how much our income is, it would be better to set aside a little to invest, so that in the future it will make our life better. it's different with people whose economic capacity is below, they have little money most of them will spend it on something that is actually less needed. therefore many people from the lower economic background stagnate in that position. another thing for rich people who can't seem to let money go idle, they look for ways to develop that money, on the other hand environmental factors greatly affect their mindset
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Topic
Board Bitcoin Discussion
Re: Hodling Bitcoin
by
Kimonoe
on 13/07/2023, 15:51:03 UTC
Bitcoin hodling is something almost everyone on this forum is eager to partake in or already partaking in.
However I did some research and discovered most forum members do a lot of Bitcoin transaction, and sometimes leaves them with little or no hodlings in their wallets. Of course Some on the other hand have most of their Bitcoins as hodlings in their wallets  although they still transact with Bitcoins . Holding Bitcoin is a choice however for those that have Bitcoin holdings how do you manage to minimize Bitcoin transactions to increase your hodlings.

Though hodling Bitcoins can be tempting to transact with sometimes
intended from the start that the bitcoins we bought were to be held in the long term. with such an initial goal, we must be disciplined to carry out the plan from the start. and to make transactions, I use another wallet with another capital, and with the intention to make transactions, so it must be differentiated and sorted so that the plan is carried out according to the track. it is undeniable that humans are greedy and greedy, so we must have another account to release it, so that there is still an account to hold and not mix it up with trading
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Board Trading Discussion
Re: Multiple timeframes is another means of getting better market clarity
by
Kimonoe
on 13/07/2023, 15:40:27 UTC
As for the timeframes, I mostly stick to 3 timeframes 1D, 1H and 15m which are ideal for me right now.
I must say that this is a very good combination. If one would want to use very large time frames like 1Y, 1M and even 1W, there are other sets of timeframes that work best with them, and the same thing goes for the combining in which the highest timeframe is 1D like yours.

In 3 combinations, I love settings like (1Y, 1M and 1W), (1W, 1D and 4H) and (1D, 1H and 15m) which is yours.

Did you just say 1Y. That must be really huge. I have never went past 1M which I rarely read.
For me it has mostly been 1W for the highest time frame and it gives me enough data to analyze the trend.
What do you generally read when you are looking at 1M and 1Y ?
I've preferred to use a short time frame 1H, 1D, 1 week. Because in trading, we often take advantage of every up and down which only takes just a few minutes but of course, we also have to look at what happened a month before just to know that we are not buying at the inclining trend. Perhaps we can use them all if we have enough time to spend in the market and it was encouraging but yes, it will depend on where you think you are confident. And I would say that it was best to focus on the time frame that you usually used and if it was effective.
In my opinion, daily trading is more inclined to small time frames, and larger time frames are used as a reference for analyzing longer markets. I usually watch the trend from the larger time frame and place transactions on the smaller time frame. the smaller the time frame used, the more support and resistance areas will be visible, and we can use it to trade with faster market reactions in the visible support and resistance areas. if we analyze on a large time frame, the price reaction will take longer, even though our goal is for short-term, or daily trading
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Topic
Board Trading Discussion
Re: How do I become a successful Bitcoin investor as a newbies?
by
Kimonoe
on 13/07/2023, 15:28:25 UTC
Knowledge will give birth to wholehearted confidence in investing because when you only hear the benefits of the way people are involved in investing, you will not draw conclusions. However, knowledge and courage are needed in facing risks, there is no place to make profits without risk involvement, but people must try to minimize these risks to a smaller extent.
Knowledge is the most important thing how to be success in trading exactly with cryptocurrency, but not all time depend with knowledge only because there are has skill and lucky how to be success as bitcoin investors. Some time after long time researching with some project or new coins for trading but many time miss out with our predicting and lucky some time can make us to earn much profit in cryptocurrency trading. Actually with knowledge can minimize with risk of trading but can't guarantee due how many trader have a lot of experienced in cryptocurrency trading but many time made the same mistake after investing and price drop later. Increasing knowledge is important but some time lucky could be moment help us how to be success in trading.
Investing is pretty simple, we buy the safest coins and hold onto them until the bull season comes. but indeed it would be better to learn first to know before investing, so that we will remain calm in the face of an incident. it's different with trading, knowledge alone is not enough to become a successful trader, experience is needed which we have to practice a lot of real trading. that way later we will have a graph of the progress of our trading system so that it is hoped that we can become professional traders, by trading in a pleasant manner
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Board Trading Discussion
Re: Things that influence our trading decisions
by
Kimonoe
on 13/07/2023, 15:19:01 UTC
I like this. Thank you.
Some of them put an arrow in my heart accurately as I reminisce all the mistakes I did back when I was starting. Emotional issues had always been a problem when it comes to trading. A trader should have a cold heart, he cannot fall in love with the coin that he is trying to reap money from.
ICO times, I bought coins that I usually trade because of the sudden swings in the market where stablecoins are not yet trending. I bought this one coin from a project because I thought I could use it to play with its market and make a profit from it. Sadly, I ended up joining their Telegram group and I had the hardest time of letting it go because of all the optimistic investors feeding everyone with good news.
It ruined the plan and it was dumped by whales so there's no ROI too. Whatever coin we are trying to buy, let's just join their groups for informative reasons and not become a hardcore fan. It will definitely affect our decision if we stick there and read the statement of other investors who wants it to be pumped.
I put so much hope during the ICO trend, many altcoins seemed promising, but ended in disappointment. from that I learned a very valuable lesson where personal analysis should be followed, not seduced by sweet words in the telegram group, until finally they just left, and the coins have turned to ashes. until now there is no bright spot, in fact it has been delisted from the available exchanges. large collection of owned but worthless tokens. and it seems that there is no hope anymore, because the project has stalled. but indeed not all of them were like that, I also had time to feel the sweetness of ICO, as if it was easy to make money at that time
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Board Trading Discussion
Re: Trading or investment! What's your take?
by
Kimonoe
on 13/07/2023, 15:09:07 UTC
I would also choose to invest instead of trading, and like you, I have lost so much with trading. But sometimes, I still trade if I see a profitable opportunity for me.

Regarding investing in altcoins, I don't see anything wrong with investing in them, although they may be riskier than bitcoin, their return will also be greater than bitcoin. Investing in altcoins is not too bad, but we should only invest when we are ready to take risks and have enough knowledge and experience to choose potential projects. Do not invest in them blindly and rely on luck like gambling, everything requires specific knowledge and planning.

Trading looks lucrative but its not very easy to tackle. I gave up trading long ago, it may be suitable for some but not for me. If you have to invest in alts then split your capital into two parts, major portion for bitcoin and minor for trading into alts. Price of alts is tightly coupled with Bitcoin so its best to invest in bitcoin as price of alts will only go up with Bitcoin. Take example for Eth for instance there is not even a single instance where Eth has gone up on its own. So better stick with Bitcoin.
investment is indeed more profitable for those who still find it difficult to trade. but it's a shame if we leave trading, at least set aside a little profit to learn trading, considering that by trading we will get daily income, especially for job less. until now I am still in the process of learning to trade even though I often experience losses, even though I work as an employee, because over time trading is like addiction and gets its own pleasure, by analyzing and learning discipline and emotional control, and this will carry over to our daily attitudes we are in the real world
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Board Altcoin Discussion
Re: 10k investment
by
Kimonoe
on 08/07/2023, 15:49:10 UTC
Hi,

I’m looking to invest 10k, I’m trying to decide if to go with XRP or ADA.

In terms of holding I can do it for 1-3 years no real time limit. Not sure what returns I might get short term vs long term. ADA for example i might get 3 to 4 x return, however with XRP that might be a lot more should they win the court case.

My slight worry is what happens if XRP lose.

P
I understand it is very important to consult people but obviously you also need to make your own decisions about them, I think the time the topic started to now has many different advantages and you will too. Make your own choices with everything. And your reach and goals with XRP and ADA I think the profit will not be difficult, but I want to share with XRP when you are quite optimistic about their ability to win, but please keep in mind that if they are still not strong enough to get past the charges with the SEC they will continue or may drop more, to me the risk and safety need to be adjusted especially for long term investment for several years, the safety factor should be a priority.
both of them are not potential altcoins, but with 10K capital and only investing in both, I think that is an unwise decision. I think it's better for us to diversify our assets according to the level of risk and reward. of course the main thing is bitcoin to maintain our mental stability so we don't get toyed with by market fluctuations, secondly there is still the king of altcoins namely ethereum, and after that I think it's up to us for example like investing in xrp and cardano. if we are good at analyzing I think there's nothing wrong with leaving a little capital ready to lose on a new altcoin, who knows we get a jackpot
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Board Altcoin Discussion
Re: Stablecoin for bitcoin
by
Kimonoe
on 08/07/2023, 15:28:17 UTC
Ah well if you really want to consider bitcoin worth something equal then it’s 1 bitcoin = 1 bitcoin stuff. There is no other currency which can compare itself with bitcoin or it stability. The one bitcoin equals one is like considering the values of every product and services in terms of bitcoin valuation. Then we will see the power of bitcoin and its stable value. If Bitcoin is considered the other way around then obviously we will have to keep thinking bitcoin as highly unstable coin all the time. We should not be comparing bitcoin to any coin or fiat for that matter.
This is the misinterpretation by many, they are thinking about Bitcoin as a plain coin and should be backed up by a stablecoin. I honestly trust Bitcoin more compare to any stablecoin and it doesn’t need one just to tagged as an asset because Bitcoin is already an asset. Stablecoin is still controlled by someone so you should not fully trust it, just learn from the failed stablecoin and you’ll see why Bitcoin doesn’t need one.
One way or another, bitcoin is valued in different currencies. In much of the world, for example, it is measured in dollars. Even when you buy something online with bitcoins, the value is still stated in dollars, i.e. in bitcoins it changes according to the exchange rate. Stablecoins were simply created for the convenience of trading on an exchange and have only now become something more.
both of them have their own goals which of course support each other, bitcoin being the main goal is to make a profit, while stable coins are the main goal is to maintain asset stability. so we have to use it appropriately for the purpose of getting a bigger profit. the profit earned from bitcoin can be used to buy our needs by converting them into dollars, and we leave it in a stable coin to wait for the moment to buy bitcoin again, that way we can buy with a little capital and get lots of bitcoin, because we buy when there is a price drop
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Topic
Board Economics
Re: What could Elon Musk be buying next?
by
Kimonoe
on 08/07/2023, 15:18:48 UTC
I would not be surprised if he makes another purchase that might be classified as whale signal and thus influence the crypto market, mostly as BTC is expected to be halved next year. He is exposed to top information and has lots of wealthy friends with investments in cryptocurrency and the future prospects in general.
As far as I know, his prestige has faded since he was rumored sold his bitcoin, he lost faith by the community, and because of that, he try to increase his name again by creating controversy or news that make his name appear again on the community. He tries to create strife with Mark so his name is back again on top. But still no progress because the people have already grown up and not easily affected again by his words.

Yes, no one hears his words again. because people already know, entrepreneurs have many ways to get a lot of profits.

His reputation in the crypto market has greatly diminished as everyone sees his true purpose as self-seeking. But I believe people will continue to watch what he does, and he will still influence the crypto market. Cryptocurrencies are a speculative market, where pumping and dumping occur daily, so they need more influencers like Elon to enter the market. The more manipulation happens, the more people benefit, so Elon will always be the influencer in the market.
even though his name is not what it used to be with the words he issued, until now his words are still counted in the cryptocurrency world, ha that's because he has the money to move the market, so many people will try to read Elon Musk's way of thinking. we know he is one of the richest people in the world, so nothing is impossible as long as he does it, of course there will be many people who will get rich by following his path, even though we know that he does it of course to make a profit for himself, that is the main thing for him
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Board Economics
Re: Automating your savings will help you save more
by
Kimonoe
on 08/07/2023, 15:07:18 UTC
it's good to make yourself aware of collecting money, if you get a salary every month, then whatever amount is better to set aside, in an automatic way like this it is indeed useful for those who are just starting to learn to manage finances, but for those who are used to managing finances I don't think so it becomes a problem to gather intentions, because they have allocated finances neatly. for me instead of collecting money like that it would be better to collect assets, because whatever money we have left over can be realized in cryptocurrency assets, and we will benefit in the future
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Topic
Board Economics
Re: Deposits-in the bank or in gold?
by
Kimonoe
on 08/07/2023, 14:55:00 UTC
of course choosing to collect gold rather than saving money in the bank, but at the bank we also have to have a balance in anticipation of a sudden need. The choice of gold here is because by saving in the form of gold it is hoped that later the price will rise, it is different in banks where even though they get interest but not how much. moreover, gold has also become an investment tool for everyone, so it is still said to be safe, especially if we buy it in physical form. So, when I was a child, I was advised to save money so that we would be lucky later, now that slogan is no longer valid