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Showing 6 of 6 results by teiviet
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Topic
Board Altcoin Discussion
Re: Not all new Projects are bad, So take the Risk
by
teiviet
on 31/05/2023, 09:19:58 UTC
I think Bitcoin and Ethereum are worth it but for Binance that still a shining to the eye with the SEC and other financial organizations worldwide, I doubt that. Yes, it's all are risky new or old but everyone should be responsible for whom they invest their hard-earned money. It's always a double edged sword.
Meeting new and high-quality projects is like seeing gems in the desert. There is no shortage of high-quality projects in the market, and high-quality projects also mean that your investment time will be longer. As investors, they do not have much patience and waiting. What they care more about is the fastest time to get a hundred times the income. A high-quality project in my understanding must have the following characteristics: 1. The technical team comes from a wealthy 2 code audit company that ranks among the top in the world. 3 The project party is not anonymous. 4 The economic model is innovative and can be applied to new application scenarios.
Post
Topic
Board Altcoin Discussion
Re: How to profit from altcoins collapses?
by
teiviet
on 17/01/2023, 07:10:06 UTC
Is it possible to profit from collapses of altcoins? Do you have any ideas how to?
In fact, I have many friends who invest in altcoins, and some of them only invest in altcoins, because altcoins have greater volatility and more profit margins. Such as EYH, DOT, ADA, BNB. I think these altcoins are relatively credible, and the future is full of imagination, so now is indeed a good time to start, and fixed investment in altcoins is a good investment method. After the bull market comes, as long as you are not greedy and do not make contracts, I think it is no problem and you can get ideal returns.
Post
Topic
Board Economics
Re: House is a forced saving
by
teiviet
on 02/12/2022, 07:27:58 UTC
Guy often tell me house is a force saving. By looking at the market today, full of scammer roaming around, and countless unsavoury characters and get rich quick scheme, jobless highly educated youth. I conclude buyhouse is not only a “forced saving” but also a “save yourselves”.

We often heard about a lot of highly educated youth had no jobs, underemployed, which is very bad today and getting worse day by day. What they often failed to see is it has been norms in the past, do you not know every scientist is borderline poor and bloke, Albert Einstein is not rich, Newton Isaac is bankrupt poor on south sea bubble, Wright brother is poor, we often read about how great are scientist on the textbook who create useful invention to improve life, but there is a catch, the textbook conveniently never mention the scientist personal wealth, it’s apparent textbook censor the information they do not want the kids to know all the scientist are living paycheck to paycheck and borderline poor, where they often has to wagecuck and sell their IP to the government to make a living, if they failed to create any IP they would be rejected just another bloke we often see on the street today, is homeless educated guy not often in the past?

Friedcat of the bitcoin is the modern day jobless highly educated genius, he is often regarded as “genius youth who is living a frugal life”, despite awarded with scholarship, and secure the top spot in the top business school, the guy goes on and create very useful product, create the asicminer, but very quickly the guy just simply goes broke and fall into endless debt burden, his company is broken, life broken and going missing forever after he couldn’t pay the debt he owned, oh how ironically he is just the modernise Newton Isaac in disguise, such a nice addition, so guy listen, keep following the advice of go to school and study hard get good grade, get a good paying job with benefit, you would eventually made it in life, miraculously and magically you would be living happy ending life, it’s fine guy!

Then I’m often getting bombarded with doubt “Do you have a better system than existing one? Do you?” Obviously I don’t have any and I would never come up with one, keep trying to beat the house and to realise how great/lesser a person you are.

House price is soaring, but finance advisor telling me to debt maxxing on house loan 90% loan and 0~10% dp, and it’s fine. Because bank want to increase revenue, increasing house price is what the bank did, by increasing house price, guy would take more loan to buy house, that way bank can increase revenue by increasing house price and increasing the loan to buy house, then bank can charge interest on the house loan to make profit. But what I often heard is guy tell me to debt maxing on house loan, don’t care about saving, it’s a recipe to disaster to me. So guy today hope the house price to collapse and they can shop house on the bargain, that’s one wishful thinking, the bank cartel and house developer wouldn’t allow that to happen, reduce house price would make it bad for bank to sell more house loan, and bad for developer too, the blackrock would stop that effort, however as usual some guy would loss everything due to greed, if over leveraged on house loan, would loss everything.
The current house is more like a time bomb. The price was very high when I bought it. Now the global economic situation is sad, and the price of the house has dropped a lot. The saddest thing is that the company has laid off employees and has no stable income. The house loan cannot be paid on time. If the bank takes it back, I will have to pay a large amount of liquidated damages. From this point of view, this is not a wise way to preserve property value. I prefer to buy some digital currency on a regular basis and store it in my hard drive wallet. At least my heart is at ease.
Post
Topic
Board Economics
Re: Crypto Currency should be Integrated into School Curriculum
by
teiviet
on 18/11/2022, 02:38:27 UTC
After reading so many theories, Analysis and the powers of crypto currency in a nation's economy, the greater impact it will bring to developed and fast developing countries. I began to wonder why is crypto currency not accepted in some area's and organization of the world, can we characterized this as lack of information, and awareness to the people. If this be the case, Can we find a way to adopted Crypto Currency as a Subject and integrate it into our school curriculum, or better still as topic and integrate it into Economy's. This has been on my mind, And I honestly need your contribution and your thoughts towards this. I honestly think crypto currency, BTC and ETH for example. Should be adopted globally and accepted by everyone. Thanks

This issue should be treated separately. Let’s break it down first: 1. University courses. 2. Digital currency. 3 Blockchain underlying technology. These are the three important elements that I understand. The setting of professional courses in universities is based on the objective needs of the real world. The professionals trained by universities should be technicians, not traders in the digital currency market. Bitcoin and other altcoins are only part of the financial market. Second, the current huge volatility of digital currency itself also tells us that there are huge risks in this industry, and it is not suitable for students to participate in it. Finally, the underlying technology of the blockchain can currently be set up in universities for related professional courses.
Post
Topic
Board Economics
Re: There is Hope at the End of the Tunnel. Don't Give Up.
by
teiviet
on 15/11/2022, 08:07:52 UTC
Someone that once Richer than the richest man in Africa and become a poor man within a week. Are you sure crypto is the best place to invest?
It is very unfortunate what has happened to SBF and it will definitely be a difficult period for him, but SBF is very familiar with the crypto, he knows the potential it has to make one rich and also make one poor very quickly. I believe SBF will find himself, maybe not back to billionaire status quickly but he will not stay at this barest minimum for long.

I recognize SBF's talent, but I don't believe he is selfless. There is competition in this market, but unfair competition will only change people's mentality. I feel that SBF is no longer the original SBF. I was actually very disappointed. I also believe that he can walk back. People can make mistakes, but the steps will fall again in the same place.
Post
Topic
Board Economics
Re: People looking For new ways to make money in Crisis new growing industry
by
teiviet
on 15/11/2022, 07:57:48 UTC
One way Are mlm crypto mlm trading use to be good but we can clearly see that start falling.

Mlm looks easy Also becouse you can reqruit people and earn profit.
I see this area enourmous growth potential over the next few decades.
People want to be there where action and liquity thanks to crypto the mlm can Grow Even bigger then oil,btc,forex marketing it can Grow large becouse people want always get rich ways without working.

It can all start from africa and India people there love MLM business If this will Grow big then the wall Street and bankers can play with each other with their stock market and money becouse people might be not interested If Market dont move Smiley

Crypto industry Will stay becouse it's liquity for mlm but stock market Will go away becouse people not interested companies they just want high return of their Investment on order to earn money daily.

The solution here Are the Fed Will step in and start making markets alive again and we can earn otherwise people Will look other ways like mlm or referal comision based income

MLM businesses flourish in South East Asia and Africa because govt doesn't give any loans for small businesses. So how people will start their business or any production unit for their company? MLM company help in this regards with high interest. All those MLM companies are not well regulated so fraud and scam activity largely happens in those regions. Sometimes people became homeless because of these MLM companies to repay loans. It has pros and cons so can not say it's good overall.

MLM has become rampant in Southeast Asian countries, and some even take human life as a game. It is scary to hear that northern Myanmar is a concentration camp for pyramid schemes. This kind of whimsical, money-making rhetoric deceives people. The reason is that individual abilities cannot compete fairly.