10 Things You Should Do In 30s To Get Rich

Early investors have the advantage of reaping good profits in the long run for a better tomorrow. Let’s read below how delicate balance can be achieved between living today and planning for tomorrow.

Know The Purpose

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It is always necessary to know why are you investing in any of the investment plans and schemes. If it is for an overseas vacation, child education, retirement or future medical expenses, then the purpose should be well defined.

SIPs Should Be A Routine

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Systematic Investment Plans (SIPs) are believed to be the best route for investment. It helps you to allocate a certain fixed amount of money to be invested on a weekly, monthly or quarterly basis.

Interests Lie In Compounding

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The power of compound interest cannot be overstated. Young investors have the advantage of staying longer in the market. Your investment becomes less risky and the corpus you generate grows over the longer period of time.

Prepare Long And Short-Term Goals

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It is always better to have clarity of the goals and accordingly the investment can be done, whether long or short term time period. The investments can range between goals like buying a car, vacation to child education and retirement.

Asset Allocation For Diverse Portfolio

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It is not enough just to save or invest in SIPs. There are many investment instruments available and early investors should have a diverse portfolio. The important thing is to stay steadfast towards the goal even in the time of market volatility, as young investors weather a setback and rebound within a season.

Start For Child Education

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People in 30s with babies should start planning for child education early, though investors will say to plan for retirement is the first priority. Secure financial future is important but it is better to save for longer time for college and then try to accumulate funds while the kid/s are in school.

Think About The Family

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Many people take up loans for car and homes and increase life liability with time. It is always suggested to invest in Term Insurance plans when you have loans so that the family doesn’t suffer when the untowardly happens.

Credit Scores Matter

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It is of utmost importance that you maintain good credit score as it is the deciding factor for the interests rates you will be offered in future.

Redefine Allotment

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Once you have become comfortable with your career and now that you can invest more, then start reallocating or invest in some new plans for present or future gains. Luxurious lifestyle starts increasing payments on things that don’t improve life.

Stock Markets Make A Good Place For Investment

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Stocks should always be part of your portfolio. They should make up for 30% part of your investment mix.

Investing at the right age reaps greater good and prepares you for the unplanned plans ahead.

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Due to ABC releasing version 0.18.4 with a checkpoint and re-org protection, we now have a permanent split between BCH and BSV.

Due to ABC releasing version 0.18.4 with a checkpoint and re-org protection, we now have a permanent split. ABC miners will for sure keep mining and extending the ABC chain. What nChain/CoinGeek will do is still unknown.

The split is permanent and attacks to re-org and reverse the ABC chain to a pre-fork state are no longer possible. This means that exchanges can resume deposits, and we should urge them to, so everything can get back to normal.

submitted by /u/MemoryDealers
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source https://www.reddit.com/r/btc/comments/9xtyrb/due_to_abc_releasing_version_0184_with_a/

BSV is going to zero. CSW / nChain / Coingeek have no intention to support a separate BSV coin. They didn't even build a BSV wallet or block explorer.

BSV is going to zero.

The price crash could be fairly quick, because not even CSW / nChain / Coingeek will support a separate BSV coin.

They tried to hijack BCH's existing ecosystem & relationships, and they have no interest in building a new ecosystem from scratch.

This is why they insisted there would be "no split" (wrong), and why they didn't even build a BSV block explorer.

They're like Somali pirates. Their business model is hijacking oil tankers, not building oil tankers. If they fail in a hijacking, they will look for another hijacking opportunity, rather than become ship builders.

This is the opposite of traditionally forked coins. For example, when ABC forked BCH in August 2017, Amaury, Roger, etc were prepared to build BCH as a separate coin, use relationships to rebuild the ecosystem (getting added by Coinbase, Bitpay, Blockchain.com etc), promote it on the Bitcoin.com website, etc.

So when the industry decides that BSV is now a separate coin that can be transferred to exchanges, watch out below, because it will be a zombie coin with no support.

BSV will head towards zero, then start to be delisted from exchanges.

submitted by /u/normal_rc
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source https://www.reddit.com/r/btc/comments/9xu5w4/bsv_is_going_to_zero_csw_nchain_coingeek_have_no/

Weekly memo

Yo guys, got latest memo from boss this week.

1) Focus on shilling SV although we know there is no adoption or merchant services.

2) Remind our fellow trolls to claim that SV will soon be the longest chain very soon but don't mention about last week's memo that btc has more proof of work compared to BCH. We don't want to be seen as contradicting ourselves.

3) Shit on Roger for using sudden increase of hashrates while the rest of us rent hashrates to mine btc, let's pretend not to be hypocrites. The focus is to attack BCH.

4) Let's cover up for Craig, try to hide the fact that he threatened the whole market that he will destroy crypto economy, if you keep work long enough, maybe people will forget, let's not bring up this topic while we trash BCH.

5) Craig is our new God. Let's hold hand and sing kumbaya, chanting "Craig is Satoshi." We need to push the narrative that the idea of SV is headed by Satoshi himself, but let's not bring up the topic about Craig being a scammer who faked signatures in the past. The idea is to look legit, it's ok to contradict ourselves as long as we attack BCH.

6) Last months memo has been superseded. 1mb is so 2013. We need to support 128mb blocks used in SV. Lightning is earning fees for boss although Whitepaper says fees are for miners. He is in a good mood when I had coffee with him last week. Contradicting ourself is ok as boss is happy and everybody is getting a Christmas bonus next month. Let's keep it up guys.

submitted by /u/markpsp
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source https://www.reddit.com/r/btc/comments/9xu5x8/weekly_memo/

Some observations about the trolling effects.

There is something which I had observed recently is that...

1) The trolls are back in huge numbers in the last couple of weeks. I suspect at least some of these Bitcoin Core trolls are the same people as the BSV trolls. Divide and conquer, that's what they wanted to achieve.

2) Part of the community whom I knew didn't like ABC before are now supporting ABC. The trolls actually pushed people towards supporting ABC, making ABC a bigger community than before. Thanks to the trolling activities from BSV side, more people are supporting ABC than ever.

3) The people who supports ABC are now more bonded than ever. It seems when you have someone (eg. the trolls) whom you commonly dislikes, people with different opinions are willing to put them aside and start banding together.

4) The hashwar drama has created a lot of awareness for Bitcoin Cash, making BCH a bigger community than before. The war proves that Bitcoin Cash is decentralized and working as intended (if it's centralized, there won't be a hash war to begin with).

Bitcoin Cash as decentralized peer to peer cash for the world lives on. I don't think crypto is ever going away, and given only Bitcoin Cash is ready to scale for the whole world to use... I have no doubt that we are definitely part of the early adopters. The next 5-10 years is going to be very interesting for Bitcoin Cash.

submitted by /u/MobTwo
[link] [comments]

source https://www.reddit.com/r/btc/comments/9xubn7/some_observations_about_the_trolling_effects/

Crypto Exchange Huobi Isn’t Likely To Be Dominant Force In Brazil As Expected

When crypto exchange Huobi began their operations in Brazil in May 2018, crypto enthusiasts thought that it would give a tough competition to the local exchanges. Some of them even thought that by providing users lower fees, greater liquidity and larger coin selection, Huobi would threaten local exchanges. However, the recent round of layoffs suggested that the exchange is not likely to be a dominant force in Brazil.

When Huobi reportedly expanded its operations in Brazil in May, the exchange began marketing its platform in the country. It also started hiring regional staff after setting up a workspace in São Paulo. As part of its marketing initiative, Huobi representatives were seen handing out business cards at a cryptocurrency conference, VI Bitconf, held in São Paulo.

Crypto exchange Huobi also reached out to well-known names in the Brazilian market and put up ads on LinkedIn looking for a Chief Compliance Officer and a Digital Marketing Manager to work out of São Paulo. Before China placed an all-out ban on cryptocurrency trading in September 2017, Huobi was one of the largest Bitcoin exchanges in the country. Instead of pulling down its shutters due to the ban, Huobi began a major expansion effort. The exchange set up offices in South Korea, Singapore and elsewhere, as reported on Bitcoin Magazine.

Brazil with a population of 210 million is home to half the population of South America. It presented a huge potential market for Huobi. With the competition in Brazil being relatively sparse, Huobi was expected to give tough challenge to some of the biggest crypto exchanges in the country such as BitcoinTrade, Foxbit and Mercado Bitcoin. All these local exchanges trade relatively smaller volumes as compared to Huobi.

It was also believed that besides the existing crypto exchanges in Brazil, Huobi would be competing with XP Investimentos, the country’s biggest investment firm, which was also set to launch a cryptocurrency exchange, as reported on CCN.

Crypto exchange Huobi’s CEO, Frank Tao of Brazilian operations confirmed the recent layoffs. He, however, did not comment on how many employees were laid off. Last month, one of the larger Brazilian Bitcoin exchanges, Mercado Bitcoin also laid off 20 employees. It may be possible that Huobi is cutting down its Brazil operations owing to financial issues, as the bear market extends its reaching into 2018. Another probable reason may be that Huobi faced issues with the country’s regulation, as reported on CryptoGlobe. Whatever be the reason, this recent lay off decision may not position Huobi as the dominant force in Brazil as it was expected.

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10 Things To Know Before Investing In Pre-construction Real Estate

Pre-construction real estate is nothing new as most people have been investing in this scheme for decades. It gives the buyer an opportunity to invest their money in a property which is not built yet. Investing in pre-construction real estate can prove to be worthwhile as it has the potential to derive the potential investment returns in the remote future.

Mentioned below are 10 things to know before investing in pre-construction real estate:

Study Your Plan

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Study your pre-construction real estate project plan before heading towards the actual investment process. By studying every pros and con, you are able to gain the major benefits in the long-run. 

Contact Pre-construction Brokerage

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Seek a real estate brokerage who is specialized in the pre-construction real estate. A quality brokerage gives you better advice and ensures you invest with the right builder. Plus, you can get benefit from his own network of agents, vendors and lenders.

Research the Builder’s Past Project

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If the builder has a few delay-projects in his past, then he is likely to make the same mistake in the upcoming projects. Find a builder who sticks to his words sans wasting much time will help you gain more profit.

Budget Planning

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Budget planning helps you to assess what you can afford and set as early as possible. A good project budget is formed with similar projects comparison, assessment of the available funds and pre-design analysis of requirements.

Know Your Model Suites

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A builder can represent model suites in the best way to lure your interest. It could not be the absolute what they are showing, you have to get through the detail information before believing on them

Ready For Changes

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A builder can bring a few changes to pre-construction project like adding and subtracting floors, changing layouts and moving the locations of the amenities. Be ready for changes and face it properly.

Do Your Research

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Before jumping into your pre-construction condominium ownership, you should be well prepared to tackle its underlying challenges. A lot of research can help minimize associated risks factors.

Ask For Price Minimization

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A builder can lower the price during a promotional event. It doesn’t always happen because it depends upon the market and popularity of the pre-construction real estate project development. You can ask for price minimization. 

Taxes

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Every buyer has to pay tax on their pre-construction condominium. Taxation could be implemented on new appliances, utility connection fees, legal fees and title insurance.

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