Quote from: BobK71 on October 06, 2016, 02:25:47 PM

Quote from: xIIImaL on September 30, 2016, 05:10:40 AM

Quote from: ttargett on September 30, 2016, 12:09:56 AM

Quote from: Nizam ibrahim.P.N on August 22, 2015, 02:50:33 PM

Money is undefined currency that holds and gives power!!

thats true, it is the main reason why people want to be rich all the time, but it is also a really bad thing in my opinion

Yep thinking to be rich will not lead you do that. If we need to become rich you need to perfect in money management with your business. So do that first. I think as i see your post you will do that.

Agreed that managing your money is very important, but it's a delicate art.

The system is designed to take wealth from you in two ways: if you keep your savings safe, you lose wealth through inflation. If you invest in risky assets, you lose big when the bubbles (created ultimately by the state-bank alliance) burst.

And if you spend too much, the classic problem of not having enough money will bite.

When my head is being punched from both sides, I don't live by extremist investment ideas that tell me to be very safe or very risky. The art is charting a middle course where you get hit from both sides, but neither side gets bad enough to kill you.

There are of course temporary situations you can profitably bet on, and by temporary I include multi-decade favorable environments for betting on assets of a rising imperial power, say postwar US. Good luck with those. Over the long run these will only partially compensate for the systemic design for the average person to be exploited by the top elites.

Maybe for the bitcoin, it is not so complicated. You can just buy the bitcon at low price and hold for long term.

sildyas

Posts

Merits