The harsh truth hidden in a proverb: Buying what you don't need

We all know that feeling. You’re browsing online or wandering around a store, and something catches your eye. It's shiny, it's new, and it might even be on sale! And before you know it, you're justifying why you need it, even though deep down you know you probably don't. But it’s reassuring and a boost to your self-esteem, right? It’s just a small purchase. The old adage, "He who buys what he doesn't need, sells what he does need," brings a stark reality to this impulse shopping. It's not just about being frugal (although that's definitely part of it). It's about priorities and the potential consequences of mismanaging your resources. Think of it this way: every purchase, no matter how small, is a decision about where your money goes. When you spend on things you don't really need, you're diverting funds from things that matter—your basic needs, your future, your security. The proverb highlights a dangerous cycle. It’s not just about the immediate overspending; it suggests a potential chain reaction. That impulse purchase may seem harmless now, but it could lead to financial strain in the future. You may have to dip into your savings, take on an extra job, or even sell something valuable—something you actually rely on—just to make ends meet. We live in a consumer culture that is constantly bombarded with advertisements and tempting offers. We’re told that buying the latest gadgets, the trendiest clothes, or the finest coffee will make us happier, more successful, or more popular. But the truth is, many of these things are just distractions. They’re shiny objects that take our attention (and our money) away from what really matters. The proverb, however, is not advocating a life of deprivation. It’s not about never treating yourself or denying yourself small pleasures. It’s about being mindful of your spending habits and understanding the long-term consequences of your choices. Consider the following scenarios: The Gadget Addict: Always buying the latest phone, even though their current one works perfectly. Eventually, they may struggle to pay rent or afford a major car repair. The Fashion Victim: Constantly buying clothes they rarely wear, filling their closet with items they’ll soon throw away. Then they may find themselves unable to afford much-needed medical expenses or a course that could advance their career. The Subscription Collector: Signing up for countless monthly subscriptions that they barely use. Over time, these small monthly fees add up, impacting their ability to save for a down payment on a house or a comfortable retirement. A simple example. A colleague went to a cafe every morning before and after work. He always complained about the lack of funds for the family budget for summer holidays. One day I turned to him and asked him. How much money does he leave in this cafe per day? He replied that an average of six euros per day, including on his days off, he liked to visit. I simply told him, so you spend 180 euros per month and almost 2200 euros per year in this cafe. And what tariff plans do you use on your phone, and what are the costs there, per year? Because I still don't have a smartphone, and I was interested in the costs per year. The colleague turned to me and asked me if you calculate everything on an annual basis. I replied that this way I can calculate the costs for a year and sometimes years in the future. Do the math like this, and you will be scared by the numbers. But my colleague, after a year, of course after several conversations with me, had already saved over 7,000 euros. So, how can we prevent ourselves from slipping into this trap? Here are some practical tips: Needs vs. Wants: Before you make a purchase, ask yourself, is this a need or a want? Be honest with yourself. The 24-Hour Rule (or more!): If you’re tempted to buy something on impulse, wait 24 hours (or even a week) before making the purchase. You may find that the urge has passed. Budgeting: Create a budget and stick to it. Knowing where your money is going can help you make more informed spending decisions. Mindful Consumption: Be aware of marketing tactics that are designed to make you want things you don’t need. Prioritize Experiences Over Things: Often, the memories and experiences we create bring more lasting happiness than material possessions. The saying “He who buys what he doesn’t need sells what he needs” is a timeless reminder to be mindful of our spending habits and prioritize our needs over our wants. It encourages us to be responsible stewards of our resources and avoid the trap of consumerism. It’s a simple yet profound lesson that can help us live a more fulfilling and financially secure life. So, the next time you’re tempted to buy something you don’t really need, remember this saying and ask yourself: What am I potentially sacrificing in the long run?

Do you control your money, or does it control you? It’s a question worth pondering

A single quote from the book The Heir of the Dynasty perfectly encapsulates the complex relationship we all have with finances: “He who controls money need not fear it. But he who cannot control it always lacks it.” Although it may appear straightforward, a closer examination reveals that it holds a profound significance. At its core, the quote highlights the difference between mastery and being mastered. It’s not about having money; it’s about controlling it. Think about it—we’ve all heard stories (or maybe experienced them ourselves) of lottery winners who ballooned their fortunes over a few years. They had a huge influx of money, but they lacked the control, discipline, and understanding to manage it effectively. Instead of being masters of their wealth, they found themselves subservient to it.  The first part of the quote, “He who controls money has nothing to fear,” speaks to a sense of security and empowerment. When you understand how to manage your finances—whether it’s budgeting, investing, or simply making informed spending decisions—money stops being a source of anxiety. It becomes a tool, a resource that you can use to achieve your goals and build a better future. That control creates confidence. You don't have to worry about financial stability or unexpected expenses. You have a plan, and you’re in charge.  This part of the quote also hints at a deeper kind of power. Control over money often means control over other aspects of your life. Control over money not only creates opportunities but also serves as a safety net during times of crisis, enabling you to pursue your passions without financial limitations. In the context of “The Heir of the Dynasty,” this control probably represents a significant advantage in the power dynamics within the family and the world at large. Now let's move on to the second part: "But he who cannot control it always lacks." This is where the quote really stings. It's a harsh truth, but it's often borne out by reality. Lack of financial control leads to a constant state of scarcity. You're constantly chasing your tail, struggling to keep up with the bills, and feeling like you're never getting ahead. This scarcity encompasses more than just a lack of money; it also encompasses a lack of opportunities, a lack of freedom, and the ongoing stress of living in a precarious situation. The word “always” is particularly strong here. It suggests a cyclical pattern. Without the ability to manage resources, you are trapped in a financial insecurity. You may get a promotion or a bonus, but without the skills to manage that extra income, it will eventually slip through your fingers. Lack of control is likely to be a weakness that others will use against you. Anyone who can’t manage their money is likely to be vulnerable, easily manipulated, and ultimately at the mercy of those who do have control. The quote from the book isn’t just about personal finance; it’s about power, control, and the fundamental relationship between individuals (or characters) and resources. It suggests that true wealth is not about the amount of money you have but about your ability to manage and control it. It’s a timeless message that resonates far beyond the pages of The Heir of the Dynasty, offering a valuable lesson for anyone who wants to build a secure and fulfilling future. So the question this quote leaves us with is this: do you control your money, or does it control you? It’s a question worth pondering.

The Paradox of Possession: Longing for What We Lack

 The Heir to the Dynasty is a book rich in observations about human nature, power, and the intricacies of family. Within its narrative, one particularly poignant quote rings with universal truth: "When we have something, we don't pay attention to it. When we don't have it, we strive to have it, whether or not we need it." Our tendency to underestimate what we have and relentlessly pursue what we don't have, even if that pursuit is ultimately disastrous. The first part of the quote, “When we have something, we don’t pay attention to it,” speaks to the phenomenon of taking things for granted. It’s a deeply ingrained human tendency. Familiarity breeds complacency. Objects, relationships, and even our own health become background noise, unnoticed until their absence brings them to the forefront. Think of the everyday conveniences we often neglect: reliable electricity, clean running water, and the company of loved ones. We only truly appreciate their value when they’re threatened or lost. This lack of appreciation stems from several factors. Firstly, we are habitual beings. Our brains are wired to filter out the familiar, allowing us to focus on new and potentially threatening stimuli. This efficiency comes at the cost of ignoring the blessings that surround us. Second, the hedonic treadmill plays a role. We adapt to positive experiences by reducing their impact on our overall happiness. Over time, what once brought us immense pleasure gradually fades into the new normal, losing its appeal. The second part of the quote, “If we don’t have it, we strive to have it, whether or not we need it,” delves into the realm of desire and aspiration. This highlights our innate desire for more, often fueled by external pressures and societal expectations. We are constantly bombarded with images of what we lack: a newer car, a bigger house, a more exotic vacation. This constant exposure cultivates a sense of inadequacy, causing us to relentlessly pursue these perceived needs. The phrase “whether or not we need it” is particularly insightful. It suggests that our desires are often divorced from true need. We are driven by need, not necessity. This can lead to a cycle of perpetual dissatisfaction. We acquire the desired object, experience a fleeting moment of satisfaction, and then quickly move on to the next perceived deficiency, leaving us chasing an ever-elusive goal. This pursuit can be especially destructive when it comes to more abstract concepts, such as power, status, or recognition. The relentless pursuit of these things can lead to unethical behavior, strained relationships, and ultimately a hollow victory.  The relevance of the quote extends beyond individual behavior, offering insights into broader societal trends. Consumerism, with its constant emphasis on new and improved products, thrives on this very principle. Advertising preys on our insecurities, highlighting what we lack and promising satisfaction through acquisition. This creates a cycle of relentless consumption, fueled by the illusion that happiness is just around the corner, in the next purchase.  Ultimately, the author’s observation serves as a powerful reminder to cultivate gratitude and critically examine our desires. By consciously appreciating what we already have, we can free ourselves from the cycle of constant striving and find contentment in the present moment. It challenges us to question the source of our desires and to distinguish between real need and fabricated need. In a world driven by relentless ambition and consumerism, this ability to distinguish between true value and fleeting gratification is more important than ever. The lesson from “The Heir to the Dynasty,” embedded in this insightful quote, is a timeless reminder to appreciate what we have before it’s gone and to be mindful of the desires that drive our actions. 

How money or power changes our perceptions

The power of money and power. In life, we often encounter people who try to compensate for their shortcomings by demonstrating material wealth or their position in power. The proverb “I may be small, but when I sit on my wallet, I become taller than everyone else” perfectly illustrates this tendency. But what actually lies behind this ostentation, and how does it affect our society?  Money has long become a symbol of power and status. In many societies, material wealth is associated with success, influence, and even intelligence. Therefore, it is not surprising that people strive to demonstrate their financial situation in order to feel more confident and significant. Those with real political power always demonstrate that they are an unavoidable factor, and we are obliged to take their point of view into account and suffer the consequences, even if we harm other people. For some people, displaying wealth or demonstrating power is a way to compensate for personal complexes or feelings of inferiority. When a person feels insecure in other aspects of their life, they may try to compensate for this through material gains or challenging those who are weaker. This tendency also has its negative consequences. It is often a false impression that material wealth or power is a criterion for success. Should we be critical of the messages that flood us from everywhere and not allow advertising suggestions to manipulate us? Should we focus on our personal qualities and skills and move forward? Should we build valuable relationships with the people around us instead of dividing ourselves? Should we seek inner satisfaction, not external recognition? It is important not to succumb to the illusion of superiority that money or power can create. True power lies in our personal qualities, not in the thickness of our wallets or the position of power we hold.

Putin praises Bitcoin

 I guess that Putin wants to use this uncontrolled money, if it becomes international money, as quickly as possible. He knows that this will be the beginning of the downfall of America. After all, their strength is in the dollar. But basically, every empire collapsed with help from within. There is one unknown answer for all. The Russians think that this was developed by the CIA. Americans think it was invented by the Japanese secret services. The Japanese think it is a development of the Chinese. Politicians think that there is a conspiracy against democracy, because if they do not control it to distribute the portions/budget, then it is anarchy. The business wants this because it will keep its money closer and will not look for offshore companies and so on. Optimists perceive immediate profits, while pessimists believe that the game will eventually end and that this is the largest pyramid scheme of the century. The head of Facebook is inwardly happy that one day his Libra coin will be legalized and will be the strongest of all others. I guess the bosses of McDonald's, Walmart, Amazon, and others with many clients are secretly hoping that this will happen and that they will make some such coin. All banks are dying of fear that they might become redundant. Those who are aware of the technology see competition from Western Union and the like. Dark side hackers see how they will make their biggest hits in time. I can write many more examples. Everyone sees things from their point of view. But when we look at the fantasy movies, there they still believe in money from precious rare raw materials. Time will determine who is correct and who is incorrect.

Some money making tips

 For people from Warren Buffett , one of the world's most successful investors, is known for his wisdom and simple yet effective money management advice. Whether you are a beginner or a seasoned investor, his advice can help you achieve your financial freedom. Top tips from Warren BuffettPay yourself first. Every time you get a paycheck, set aside a certain amount for investments. This creates a habit of saving and investing, which is essential for long-term wealth. Live below your means: Avoid the temptation to spend more than you earn. Live frugally and invest the difference.Invest in yourself: Education and acquiring new skills are the best investment you can make. This will help you increase your income in the long run. Diversify your portfolio: Avoid concentrating all your investments in a single asset. Invest in a variety of assets to reduce risk. Think Long Term: Avoid letting short-term market fluctuations influence your decisions. Focus on long-term goals and be patient. Buy Stocks You'd Hold forever: Invest in companies you understand and believe in. Avoid Debt: It can be a serious obstacle to achieving financial freedom. Pay your bills on time and avoid borrowing for non-essentials. Invest in index funds: Index funds are a passive way of investing that offers low costs and excellent diversification. Don't try to predict the market. No one can accurately predict market movements. Instead, focus on long-term trends. Be patient: Wealth builds over time. Don't expect quick results. Why is Buffett's advice so effective? Simplicity: Buffett's advice is simple for anyone to understand and apply. Long-term focus: Buffett believes in the power of compound interest and long-term investing. Discipline: Success in investing requires patience and the ability to stick to your plan. Principles-based: Buffett's advice is based on sound financial principles that hold true in any economic environment. Conclusion. By following Warren Buffett's advice, you can build a solid financial foundation and achieve your financial goals. Remember that success in investing takes time, patience, and discipline.

The technical analysis of his company shows that it may be one of the few in the world. The curve consistently ascends by 10 to 20 percent.

What do successful people have in common?

Have you ever wondered what the richest and most successful people have in common? It is certainly not their place of birth, the color of their eyes, the color of their skin, whether they had divorced parents, etc. What they have in common is that they read books. And a lot of books. You must be wondering who these special books are. There is hardly a success bible. There are many different books specifically for financial success. The reality is that they can point you in the right direction. How to organize your budget and how to invest. Yes, they are also a factor in decent financial discipline. The truth is very different. There is a story hidden in every book. In this story, you can find an opportunity for your dream. Fall in love with an item or service that you can develop. Then sell this idea of yours. Try to read one book a week. Let them be in different genres. Figure out what exactly you like. Then read at least a dozen books in this genre. Think and conclude again. You don't lose anything. You learn a little more about life. There are books that motivate. There are stories that can unleash your potential. There is a character from the books that inspires. You have the opportunity to get an idea. Any book can give you a million-dollar idea. You only need one idea. It could be your key to a door you want to be behind. There are many ways to sell your idea. If the idea is brilliant, you will always find sponsors. May the idea prosper, for the benefit of people and nature. I just know that everyone can rediscover themselves by looking at themselves from different angles. Books help with that. As far as I know, there is no better friend than a book. The knowledge they impart helps you become successful in your endeavors. The conclusion is that what successful people have in common is books.

Author Sezgin Ismailov

With your vote, you contribute to the future of your money.

 The movement of money and the fundamental factors. I am definitely not a stock player who buys today and sells tomorrow. But I visit various groups and see them arguing and looking for a quick buck. Many people will say you should do fundamental analysis. Other technical analysis, most you need to know both. Specialists a lot. For me, it is important to choose from 3 to 10 stocks maximum. Three favorites up to 50 percent of the portfolio and the rest where you can average the risk. Everyone quotes Mr. Buffett, but their actions want to get rich if they can right now.If you look at Mr. Buffett's portfolio he has bought and held for years and his patience pays off. Because there are good moments but also bad. I also think that by investing you have really already chosen, you should hold for years. But what causes stock prices to fluctuate constantly? Demand and supply. When there is demand they go up. And the opposite holds true. But what makes this happen. One is the media, the other is the company's profits. The last, perhaps most important, politics. Not only the most important, but also the most significant that leads to the consequences. With the media, some big players (analysts) may be looking for a little volatility with the statement. To make their customers a little more money. The second option for the company's income, what affects it the most. Bad service or product. Regulatory obstacles. Competitiveness. If it's bad service, it's their own fault. Yes, competitiveness is now also a factor in unfair competition. But regulatory hurdles are the biggest factor. Finally we come to the politicians. So that politicians ultimately decide the fate of billions of people in the world. How, for example, in the case of friction between two countries and entire businesses go to the cinema.A company close to the politicians enjoys a subsidy. Government contracts that support large revenues. Yes, in case of major financial crises, the politicians are still to blame because they did not do their job. In an epidemic there, it's already God's work. But in conflicts between countries, the politicians are to blame. Out of nowhere, some group of people acquires a weapon. We're back to regulation or unenacted laws to outright ban guns. So instead of just following the company you worry about, will it make you a little richer. Think when you vote what kind of people you are voting for, nothing personal. Even with your vote you contribute to the future of your money.

Increasing the portfolio's potential for diversification

 Although investing in the S&P 500 gives the impression of being the most popular choice, there are other options available. During the past few years, the Hong Kong stock market has experienced tremendous development, which has enabled a variety of companies to continue to receive stable dividends. Given that Hong Kong equities are currently relatively inexpensive in comparison to those in other developed countries, investors may have the opportunity to generate higher returns by investing in Hong Kong dividend stocks thanks to the current market conditions. A significant number of Hong Kong companies have been continuing to distribute dividends for more than 10 years, which is an indication of their financial stability and dedication to the value of their shareholders. Because of the relatively low corporation tax rate that Hong Kong-registered firms are subject to, these companies are able to issue bigger dividends to their shareholders. With a reputation for being a financial hub, Hong Kong is home to a stock market that is well-established and has high liquidity. This makes it possible for Hong Kong equities investors to conduct trades without any complications. The trading of stocks in Hong Kong is available to any foreign investor, making it possible for individuals from all over the world to participate in the market. A high dividend yield is associated with them. As a result of the fact that the average dividend yield for Hong Kong stocks is higher than that of stocks in developed nations such as the United States and Europe, investors would have the opportunity to potentially produce a bigger income through Hong Kong dividend stocks. When compared to shares in other developed markets, Hong Kong shares often display lower levels of volatility. This provides investors with a reduced level of risk, which is essential for those investors who are looking for a steady income stream. In order to connect with China's economy, which is the second largest in the world, Hong Kong acts as a bridge. It is possible to obtain exposure to this growing market by investing in Hong Kong equities, which can act as a platform for doing so. As a result of the Hong Kong dollar's peg to the United States dollar, the value of the Hong Kong dollar is guaranteed to remain within a narrow range in comparison to the value of the US dollar. The implementation of this action was done with the intention of stabilizing the economy of Hong Kong and preserving investor confidence in the financial system of the territory. When it comes to reducing risk and diversifying a portfolio, investing in dividend stocks in Hong Kong might be beneficial. Taking advantage of this opportunity, you have the potential to enhance the amount of money you earn from Hong Kong dividend stocks while simultaneously lowering the total risk of your investments. In order to locate the most lucrative investment choices that are matched to your specific financial goals, it is beneficial to investigate all of the potentially available options and conduct research on this market. The ability to generate passive income through Hong Kong dividend stocks is among the best available for a variety of reasons. If you are thinking about making an investment in Hong Kong dividend stocks, you are just using the same strategy that you have always used when selecting stocks, in addition to taking into account the economic forecast for both Hong Kong and the economy as a whole.

When I write something, it's a personal opinion. Specifically, I have Hong Kong shares and I am happy with the dividends. Investing carries risks, and in the stage of development of artificial intelligence, there will be many companies that become powerful, but this will also bring many other bankruptcies.

Author Sezgin Ismailov

Every person should ask themselves the most crucial question, which is how they might raise their money.

Това е най-простият метод за усложняване на лихвата. Предполагам, че има много книги, посветени на тази тема, и всичко, което правя, е да изразя личното си мнение. Всеки човек трябва да си зададе най-важния въпрос, а именно как може да събере парите си. Виждам го като подобно на инвестиране в акции, които са печеливши. Разберете как да намерите тези акции. Това може да стане по няколко различни начина. Моята стратегия обаче е просто да продължа по този маршрут. Първата ми цел е да постигна петдесет процента от портфолиото, за да го направя по-здрав и сигурен. Намирането на компанията в рамките на глобалните 2000 е първата стъпка в процеса. Присъствието в Fortune 500 е втората фаза в процеса. Третата стъпка е да се гарантира, че компанията е последователно класирана сред първите 30 най-ценни бизнеса в страната, в която е регистрирана. Най-малкото компанията трябва да бъде класирана сред най-добрите марки в нацията, в която е регистрирана. Това е четвъртата нужда. С други думи, това показва, че хората вярват в продуктите или услугите на компанията. Задължавам се да проверя дали приходите през последните пет години са се увеличили с поне пет процента годишно. Това ме води до петата точка. Здравейте и благодаря за присъствието. Като шеста точка, трябва да се уверя, че освен увеличаването на продажбите, увеличавам и приходите. Това е така, защото не е добре, ако не се увеличават. Седмо, трябва да се определи общият брой на задълженията, както и приходите и печалбите, които са достатъчни за покриване на тези задължения. Има ли налично финансиране в момента? Това е фактор, който допринася за компетентното управление на фирмата и готовността на фирмата да се справя с различни ситуации. Девето, факт, който ще помогне за подобряване на развитието: какви патенти има и колко от тях има. Какви връзки имате с учебните центрове? Десето, колко инвестиционни фондове от цял ​​свят сега са инвестирани в тази компания? Най-малко петима големи инвеститори от типа на Black Rock, Vanguard, Schroders, Alliance, Държавния пенсионен фонд, Правителството на Сингапурската инвестиционна корпорация или други видни участници в индустрията. И последно, самото ръководство прави покупки от собствените си предприятия. Те вярват в усилията си и виждат развитието, което организацията прави. Те дори го смятат за надценен, ако има успех в продажбата. На дванадесето място, корпорацията е важен играч в нацията, в която оперира, и властите ще й помогнат в конкретни ситуации. Тринадесето, значителен брой от най-големите корпорации използват държавни субсидии, което е компонент на техните бизнес решения. Следователно те ще бъдат важни.Друго съображение е фактът, че използвате техните услуги или купувате техните продукти, което ни води до четиринадесетата точка. Следователно имате доверие в тази компания и сте доволни от артикулите или услугите, които предоставя. Пето, има ли програма за обратно изкупуване на собствените акции на корпорацията? Това води до намаляване на общия брой акции, което им дава възможност да повишат цената на акциите си. Четиринадесето, разпределя ли дивиденти през последните пет години? Препоръчително е да се прави ежегодно, с леко увеличение спрямо предходната година. Ако не, това не е добре. Ако притежавате акции, които не изплащат дивиденти, все пак струва ли си да ги притежавате? Според мен не си струва. Какво е да видиш нещо на екрана, без да можеш да го видиш под друга форма? Когато получите малка награда за вашата инвестиция, това е различно изживяване и носи едновременно радост и вълнение. Седемнадесето, ако смятате, че този продукт или услуга не е застрашен в бъдеще, без него няма как да продължите да живеете или не е просто преходен / остарява в сравнение с новите технологии или замърсява планетата / струва си да инвестирате . Възможно е да използвате съветите за вашето пълно портфолио; въпреки това е добра идея да се обмислят нововъзникващи компании, които ще генерират нов продукт и ще имат възможност да се установят с течение на времето. Нека само да отбележа едно нещо. Рядко бизнесите имат бърз растеж, който е придружен от много значителни проценти. Нищо друго не изисква непрекъсната инвестиция на време и усилия. Някой веднъж каза: "Капка по капка се разширява в езеро." Това е поговорка.

Автор Сезгин Исмаилов

Multiply your money with the dividend kings - Money as it moves/works/grows

 Some companies have been paying dividends for over fifty years. What this means. Kind of instead of getting interest from the bank. This is the one plus. The other main option is that they also increase in value. If you receive a salary and have no loans. Some numbers are accumulating in your account that you cannot spend. As it turns out, you have such an opportunity almost every month. Money is accumulating in your bank account, but is it outpacing inflation? I do not believe it. However, if you invest this excess money in a developed business/company with dividends/. You have an opportunity to manage your money. A way to make money work for you. Besides growing, you can also get interest on your money constantly. The companies listed below are proven to grow your money. American States Water, Dover, Emerson Electric, Genuine Parts,  Northwest Natural, Parker-Hannifin, Procter & Gamble, 3M, Cincinnati Financial, Coca-Cola, Colgate-Palmolive, Johnson & Johnson, Lancaster Colony, Nordson, Hormel Foods, California Water Service, ABM Industries, Commerce Bancshares, Federal Realty Inv. Trust, SJW, Stanley Black & Decker, Stepan Company, H.B. Fuller, Altria Group, Sysco, National Fuel Gas, Kimberly-Clark, Abbott Laboratories, Becton Dickinson, PepsiCo, Target, PPG Industries, ADM, Nucor, Middlesex, Bank of Nova Scotia, Church & Dwight, CIBC, Church & Dwight, Eli Lilly, Exxon Mobil, General Electric, General Mills, Hawaiian Electric, American Electric Power, Union Pacific, Royal Bank of Canada, Avista, MGE Energy, Bank of Montreal, Ingersoll-Rand.

The most interesting thing is that one has a choice of so many companies. These are proven North American companies. In another article, I will write about European and Asian companies.

Money as it moves/works/grows.

Author Sezgin Ismailov

An ordinary person's opinion about cryptocurrencies

I am not very familiar with these currencies. I have an overview of the net and the gossip around it. The advantages of cryptocurrencies. The only thing I understood well is that they use blockchain technology, which brings innovation to many other things on the web. I didn't understand how it's not known who created it. In the world of big data, it remains a secret. The other thing that is important is that the transactions themselves are still controlled by validators. Looking at the big picture, it looks like parliamentary government. Knowing the consequences of the mistakes of parliamentarism, what does it matter after that? Who will be responsible in the event of a potential collapse? The cons of cryptocurrencies. That is, there is no control body. Each country has one currency. But anyone good with a computer can make cryptocurrency. As far as I know, there are already over 5000 species. I won't be surprised if they become over a hundred thousand cryptocurrencies. Anyone who thinks any subsequent cryptocurrency will be able to hold their own is saying. Let me buy; I have a chance to get rich quick. He is quick to invest. What is he investing in...? I have no idea. Fintech-type money transfer app with a variable value. But ask yourself the question. As long as there are heads of government and very powerful banks, will they leave the people alone to do whatever they want? Over time, whichever bank has a lot of clientele will also tune in and make its own cryptocurrency and charge for transactions. I think the biggest problem is saving your password or really knowing it. 

If you forget it, what do you do? I have no idea what happens when the owner of these cryptocurrencies dies. You go to a normal bank with your passport or a certificate for the heirs and you have the option of getting your money back. Yes, if you want to buy something illegal, that's great. To pass tax-free is great. But if we don't pay taxes, even if we have all the cryptocurrencies, who will take care of the infrastructure and order. For example, let's say a big company like Amazon makes a cryptocurrency and says it only accepts payment in that currency. You walk into Walmart and it only accepts its currency. You go to McDonald's and she wants you to pay with their currency. What does the average citizen do? Must have a smartphone. Please do not confuse the password every time to make a transaction from one currency to another. Yes, a big deal as it only pays for transactions. Without any intention, you go on a trip to a country in a hotel where he has already paid. But there is no cigarette shop there. He goes to the nearby village, but unfortunately, he has no range, and what he does... I think that the disadvantages are much more than the advantages of cryptocurrencies. Yes, if they are digital currencies of continents (Latin America, North America, Europe, and Asia) + one as a pillar of the others. For example, only up to five maximum, with control from all nations. And if it is dug in only in one place untouchable for people to whom the whole world is to blame and think how to harm, then maybe there is a future. It's one thing to watch a fantasy movie; it's another to live a fantasy life. A third of the world still doesn't even have clean water to drink. But this wandering of many cryptocurrencies will someday lead to the proper digital currencies. I don't want to predict, but it will be the big, financially and digitally advanced protected states. I can't help but add the cost of mining energy. Where we must protect nature.

Author Sezgin Ismailov