Bitcoin, Ether, Index ETFs

GoldenxChild1 wrote:

I can't give advice on the first question as I am sort of at the same level as you are, but about the second one, every transaction is recorded in the blockchain, so in theory it is possible trace that transaction back to your identiyy.

Monero is a nice option as supposedly leaves no trace behind.

If you want to donate anonymously you can transfer the money to an external wallet completely unrelated to your identity and then from there you transfer to the ToZ. I like to use the Wasabi wallet (for BTC) as it uses the Tor network. There are also services that anonymize your coins mixing them up with other people's coins, the Wasabi wallet has one of these services.

GoldenxChild1 wrote:

With the given market is it a bad time to start investing?

I opened an account with an online financial brokerage and started investing into Index ETFs.

I have been doing extensive research on Bitcoin and Ethereum and I want to contribute towards it but I don't know how much I should start with and if it is a bad time due to the volatility.

Any advice or pointers would go a long way.

Also, to transfer crypto to ToZ should I be using an exchange wallet or can I use a software wallet?

Bitcoin transactions are not private, unless you buy and sell in cash, use Tor for broadcasting the transaction and you don't use closed source software like microsoft windows.

As for investing, my (non-financial) advice is to first buy what you need to sustain your life (food and oil ETFs) for 5 years.
Have at least 3 months of expenses in cash, crypto and gold that are outside banks and exchanges.
Have at least 3 months of food.
Next you can invest in yourself. Pay for courses and mentors to increase your revenue.
Next you need a strategy that guarantees returns or you need to invest only the money that you can afford to lose, otherwise you'll sell when you start losing and guarantee a loss. If you find yourself in a situation where the pressure is too much, start selling until you are comfortable again. Don't sell everything.

Btw, don't forget Monero if you are going to buy crypto.

BlackOnyx8 wrote:

GoldenxChild1 wrote:

I can't give advice on the first question as I am sort of at the same level as you are, but about the second one, every transaction is recorded in the blockchain, so in theory it is possible trace that transaction back to your identiyy.

Monero is a nice option as supposedly leaves no trace behind.

If you want to donate anonymously you can transfer the money to an external wallet completely unrelated to your identity and then from there you transfer to the ToZ. I like to use the Wasabi wallet (for BTC) as it uses the Tor network. There are also services that anonymize your coins mixing them up with other people's coins, the Wasabi wallet has one of these services.

I'll look into it, thanks.

AgainstAllAuthority wrote:

GoldenxChild1 wrote:

With the given market is it a bad time to start investing?

I opened an account with an online financial brokerage and started investing into Index ETFs.

I have been doing extensive research on Bitcoin and Ethereum and I want to contribute towards it but I don't know how much I should start with and if it is a bad time due to the volatility.

Any advice or pointers would go a long way.

Also, to transfer crypto to ToZ should I be using an exchange wallet or can I use a software wallet?

Bitcoin transactions are not private, unless you buy and sell in cash, use Tor for broadcasting the transaction and you don't use closed source software like microsoft windows.

As for investing, my (non-financial) advice is to first buy what you need to sustain your life (food and oil ETFs) for 5 years.
Have at least 3 months of expenses in cash, crypto and gold that are outside banks and exchanges.
Have at least 3 months of food.
Next you can invest in yourself. Pay for courses and mentors to increase your revenue.
Next you need a strategy that guarantees returns or you need to invest only the money that you can afford to lose, otherwise you'll sell when you start losing and guarantee a loss. If you find yourself in a situation where the pressure is too much, start selling until you are comfortable again. Don't sell everything.

Btw, don't forget Monero if you are going to buy crypto.

Great advice, thank-you. Yes I have some of those things and I have come to understand that money loses it's value when it sits doing nothing. I like my job but it doesn't reflect the success and security I want in the future, and sadly, money is a precursor to these.

Be careful of scammers. They have made their way into everything. They used to be into social media only, now they also slithered their way into networking habits. A few days ago an idiot tried to sell me a strategy that guaranteed 10x returns every 5 days. Of course, I was sceptical but I let him go on because I wanted to report him for scam. So, I asked him more details and he came exactly with what I was expecting.

1000 with a return of ~10000
2000 with a return of ~20000
...

and so on. So, be careful of people who promise retardation. Another common trick is to try and make you link you bitcoin wallet to an obscure platform where you can "mine" USDT or whatever.

One good thing you can invest into, when you invest in your personal education, is to invest into learning trading, which is a staking method that allows you to earn with both uptrends and downtrends. Then you can re-invest the earnings in the usual things that AAA mentioned.

You can find good education online for free. Back then, I learned it through IM Academy which is not free, but has a monthly subscription system and teaches many different strategies to trade forex and crypto, and also to build effective ecommerce (new addition which I haven't tried yet, but the two persons who introduced me to trading are doing ecommerce and they have moved to Bali during the pandemics, and technically don't even work anymore but live off their ecommerce business and their trading).

This is NOT a magical method that makes 100% ensured earnings. Like everything else, trading carries its risk.

Stormblood wrote:

Be careful of scammers. They have made their way into everything. They used to be into social media only, now they also slithered their way into networking habits. A few days ago an idiot tried to sell me a strategy that guaranteed 10x returns every 5 days. Of course, I was sceptical but I let him go on because I wanted to report him for scam. So, I asked him more details and he came exactly with what I was expecting.

1000 with a return of ~10000
2000 with a return of ~20000
...

and so on. So, be careful of people who promise retardation. Another common trick is to try and make you link you bitcoin wallet to an obscure platform where you can "mine" USDT or whatever.

One good thing you can invest into, when you invest in your personal education, is to invest into learning trading, which is a staking method that allows you to earn with both uptrends and downtrends. Then you can re-invest the earnings in the usual things that AAA mentioned.

You can find good education online for free. Back then, I learned it through IM Academy which is not free, but has a monthly subscription system and teaches many different strategies to trade forex and crypto, and also to build effective ecommerce (new addition which I haven't tried yet, but the two persons who introduced me to trading are doing ecommerce and they have moved to Bali during the pandemics, and technically don't even work anymore but live off their ecommerce business and their trading).

This is NOT a magical method that makes 100% ensured earnings. Like everything else, trading carries its risk.

Thanks Storm, I will most certainly look into that. For both Crypto and my Index ETFs I am using a known secure online brokerage. The down side of this brokerage in relation to the Crypto I bought into is that although it is user friendly and highly secure it lacks functionality.

I'll check out IM Academy for sure.

Stormblood wrote:

One good thing you can invest into, when you invest in your personal education, is to invest into learning trading, which is a staking method that allows you to earn with both uptrends and downtrends. Then you can re-invest the earnings in the usual things that AAA mentioned.

Don't forget taxes. Most countries are hostile to a lot of trading strategies. In most countries losses can't be subtracted from wins and taxes will eat away all the gains and may even put you in the red.

AgainstAllAuthority wrote:

Stormblood wrote:

One good thing you can invest into, when you invest in your personal education, is to invest into learning trading, which is a staking method that allows you to earn with both uptrends and downtrends. Then you can re-invest the earnings in the usual things that AAA mentioned.

Don't forget taxes. Most countries are hostile to a lot of trading strategies. In most countries losses can't be subtracted from wins and taxes will eat away all the gains and may even put you in the red.

In US taxes, losses can only offset gains if you don't buy back the same stock within a month. (The wash sale rule.)

Soaring Eagle 666 [JG wrote:

" post_id=347740 time=1650835147 user_id=346]

AgainstAllAuthority wrote:

Stormblood wrote:

One good thing you can invest into, when you invest in your personal education, is to invest into learning trading, which is a staking method that allows you to earn with both uptrends and downtrends. Then you can re-invest the earnings in the usual things that AAA mentioned.

Don't forget taxes. Most countries are hostile to a lot of trading strategies. In most countries losses can't be subtracted from wins and taxes will eat away all the gains and may even put you in the red.

In US taxes, losses can only offset gains if you don't buy back the same stock within a month. (The wash sale rule.)

Fortunately, aside from Crypto, I have a Tax Free Saving Account for stock. I don't think the contributions are tax free but the withdraws are and they don't count towards my annual income. It doesn't really matter though because I haven't invested in anything except for Index ETFs which will take FOREVER to make a difference. I want to learn how to trade stocks and crypto though, maybe that IM Academy that storm mentioned can help.

Looks like a scam. I'd stay away.
https://www.trustpilot.com/review/im.academy?stars=1

Lunar Dance 666 wrote:

Unless serious advancements in technics are made, food should mostly still be grown and monitered by people.
Not by technology.

What if no one wants to grow food. What do we do? Do we put guns to people's heads and force them to make food for the community?
Or will everyone grow their own food?
Do you grow your own food? Do you have any idea how much work is involved?

If everyone has to grow their own food manually without using any technology, this would also make it impossible to have cities. We'd have 99% less people on the planet. Lots of areas would become uninhabitable.

How about specialization? Does everyone have to grow all the food they'll eat or can there be trade between people? Wouldn't it be better if I specialize in growing tomatoes and you specialize in growing carrots? The efficiency would be much higher.
What if I decide to use technology to grow my tomatoes. Are you going to refuse to buy them from me?
What if I invent a plow and attach it to an ox? Did I commit a sin? Is the community going to lynch me?

Hating technology is not the way to go.

Mastermind wrote:

Lunar Dance 666 wrote:

Unless serious advancements in technics are made, food should mostly still be grown and monitered by people.
Not by technology.

What if no one wants to grow food. What do we do? Do we put guns to people's heads and force them to make food for the community?
Or will everyone grow their own food?
Do you grow your own food? Do you have any idea how much work is involved?

If everyone has to grow their own food manually without using any technology, this would also make it impossible to have cities. We'd have 99% less people on the planet. Lots of areas would become uninhabitable.

How about specialization? Does everyone have to grow all the food they'll eat or can there be trade between people? Wouldn't it be better if I specialize in growing tomatoes and you specialize in growing carrots? The efficiency would be much higher.
What if I decide to use technology to grow my tomatoes. Are you going to refuse to buy them from me?
What if I invent a plow and attach it to an ox? Did I commit a sin? Is the community going to lynch me?

Hating technology is not the way to go.

There is a serious difference between an ox and a plow or a heavy tractor, aquaponics, food grown on artificial fertilizer.

A tractor crushes everything beneath it and impacts the soil, losing the air and the looseness of it which makes it hard for roots to grow into. Not to mention, any life that might be underneath there.

Aquaponics is basicly food grown on "fertilized" water only.

Artificial fertilizer lacks all micronutrients. Your plants grow big and fast but lack minerals and most likely also vitamins.

There are people researching alternatives that are mkre in line with nature like permaculture and the food forest idea.

Know your stuff before spouting nonsense.

Lunar Dance 666 wrote:

The thing is, that machines and the like are heavy.
When you speak about tilling the land, growing your own food.. what those machines do is crush the soil, even in the deeper layers.

Soil compaction is determined by the farmer. Sometimes they want more compaction, sometimes less.
Compaction can be changed by the amount of weights that are put on the tractor, the speed at which it goes and the amount, type, pressure and size of tyres.

The only thing that determines compaction is the pressure applied to the soil, not the weight.
Pressure is defined as weight divided by surface area.
You can have a very heavy tractor compact the soil less than you would with your feet.
Farmers will calculate the amount of compaction that they want and then make sure their tractor puts the right amount of pressure on the soil.

GoldenxChild1 wrote:

With the given market is it a bad time to start investing?

It's a great time to start investing,especially in crypto.
Buy low sell high.

Tangible assets are something that will retain the value and are a good bet for the coming years. Come war, no electricity, and no use of crypto. In the same way, government can issue all sorts of problems regarding the use of crypto making it very difficult for trading and holding value. On the other hand, real estate, gold, silver and tools etc. Will retain their usefulness only with the exception of total destruction. I would use most of my money for tangible assets and only a minor amount for cryptos as lucrative as they may seem on the surface.

sounds good