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Mika

Expert Mind
Ask Mika
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776 Questions
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  • About
  1. Asked: April 28, 2024In: Crypto & Forex

    Is there a correlation between the crypto and the stock market?

    Mika
    Mika Expert Mind
    Added an answer on April 29, 2024 at 4:21 am

    I do not see how crypto market co relates to stock market but if you look at the market, you will find that crypto market moves according to stock market, in other words, whenever stock market goes up or goes down, crypto market also goes up or down. I think this has to do more with investors sentimRead more

    I do not see how crypto market co relates to stock market but if you look at the market, you will find that crypto market moves according to stock market, in other words, whenever stock market goes up or goes down, crypto market also goes up or down. I think this has to do more with investors sentiments rather than the market itself. But this is just my assumption

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  2. Asked: April 28, 2024In: Crypto & Forex

    The most undervalued altcoin in your opinion?

    Mika
    Mika Expert Mind
    Added an answer on April 29, 2024 at 4:18 am

    I believe Litecoin and Bitcoin Cash are the most undervalued coin. Litecoin was created 2 years after Bitcoin thus making is one of the oldest coins in the market. It is older than all the coins on the top 15 coins by market cap (excluding Bitcoin) but it ranks only on the 16th spot. Likewise BitcoiRead more

    I believe Litecoin and Bitcoin Cash are the most undervalued coin. Litecoin was created 2 years after Bitcoin thus making is one of the oldest coins in the market. It is older than all the coins on the top 15 coins by market cap (excluding Bitcoin) but it ranks only on the 16th spot. Likewise Bitcoin Cash, a hard fork of bitcoin, is als under valued.

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  3. Asked: April 28, 2024In: Money & Business

    Is it difficult to find an adequate employee now?

    Mika
    Mika Expert Mind
    Added an answer on April 29, 2024 at 4:16 am

    I think there are more job takers compared to job providers. That's because every year millions of people graduate but there is a huge gap between the ratio of graduates and the job creation. Every year millions of people build skills and prepare for the job market yet only few companies and businesRead more

    I think there are more job takers compared to job providers. That’s because every year millions of people graduate but there is a huge gap between the ratio of graduates and the job creation. Every year millions of people build skills and prepare for the job market yet only few companies and businesses are established and those that are functioning are also not hiring

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  4. Asked: September 11, 2023In: Money & Business

    Should I raise the employee's salary for many years of work?

    Mika
    Mika Expert Mind
    Added an answer on April 29, 2024 at 4:12 am

    It does not matter how long they have been working, what actually matters is whether your business is generating profits or not, whether you can afford to give them salary rise or not. If you can afford, if you make a lot of money, you do not have to wait for 5 years to give them pay rise, you can gRead more

    It does not matter how long they have been working, what actually matters is whether your business is generating profits or not, whether you can afford to give them salary rise or not. If you can afford, if you make a lot of money, you do not have to wait for 5 years to give them pay rise, you can give them just in the second year. More money also means better performance.

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  5. Asked: April 28, 2024In: Money & Business

    Should you allow free charging in your own business?

    Mika
    Mika Expert Mind
    Added an answer on April 29, 2024 at 4:11 am

    I do not see why businesses should not allow free charging of a smartphone or even a laptop. Your laptop or a smartphone do not consume a lot of electricity, so if you allow charging you might even have more customers or returning customers.In our country, restaurants even have charging ports on theRead more

    I do not see why businesses should not allow free charging of a smartphone or even a laptop. Your laptop or a smartphone do not consume a lot of electricity, so if you allow charging you might even have more customers or returning customers.In our country, restaurants even have charging ports on the table to allow customers to charge their devices

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  6. Asked: April 28, 2024In: Money & Business

    Different Between Business and Investment?

    Mika
    Mika Expert Mind
    Added an answer on April 29, 2024 at 4:07 am

    You need money to start a business, therefore, business is also an investment. Anything that brings you revenue is also a business, therefore, investment is also a business in some way. However, if you want a word to word translation, business means you sell physical or digital products and servicesRead more

    You need money to start a business, therefore, business is also an investment. Anything that brings you revenue is also a business, therefore, investment is also a business in some way. However, if you want a word to word translation, business means you sell physical or digital products and services to generate revenue and investment means you put your money on business created by someone else.

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  7. Asked: April 27, 2024In: Money & Business

    Should you prefer paying off debt fist or save money first?

    Mika
    Mika Expert Mind
    Added an answer on April 28, 2024 at 4:15 am

    Paying off debt should be the first priority before you can save money or even invest money. The faster you pay your debt, better will be your finances. If you do not have to pay debt, you can save more money, you can invest more money and improve your finance. Since you have to pay higher interestRead more

    Paying off debt should be the first priority before you can save money or even invest money. The faster you pay your debt, better will be your finances. If you do not have to pay debt, you can save more money, you can invest more money and improve your finance. Since you have to pay higher interest on your debt compared to the return you receive on your saving, paying off debt is more important

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  8. Asked: September 17, 2023In: Money & Business

    What are the requirements to get a loan from microfinance Bank?

    Mika
    Mika Expert Mind
    Added an answer on April 28, 2024 at 4:13 am

    You need to be a shareholder of micro finance to get a loan. One of the best things about getting a loan from micro finance is you do not need colleteral, one of the worst thing about getting a loan form a micro finance is you need a bunch of people to testify for you, and all of these people shouldRead more

    You need to be a shareholder of micro finance to get a loan. One of the best things about getting a loan from micro finance is you do not need colleteral, one of the worst thing about getting a loan form a micro finance is you need a bunch of people to testify for you, and all of these people should already be a share holder of the micro finance company. There is also a limit of how much loan you can get.

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  9. Asked: September 21, 2023In: Money & Business

    is a popcorn and ice cream shop a lucrative business?

    Mika
    Mika Expert Mind
    Added an answer on April 28, 2024 at 4:08 am

    It is not possible to answer this question with a yes and no answer. There are a lot of factors that should be considered while determining whether your business will be lucrative or not. Some of the factors are: competitors in the market, the market size, the demand, the supply, skills and knowledgRead more

    It is not possible to answer this question with a yes and no answer. There are a lot of factors that should be considered while determining whether your business will be lucrative or not. Some of the factors are: competitors in the market, the market size, the demand, the supply, skills and knowledge you gave, resources you have, etc. Check your market to determine the profitability

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  10. Asked: September 14, 2023In: Money & Business

    Can civil servants also involved in agricultural work?

    Mika
    Mika Expert Mind
    Added an answer on April 28, 2024 at 4:06 am

    My father worked as a teacher in a government school but he also farmed rice, corn and vegetables. I know a lot of people who despite being employed with civil services are also involved with farming. If you want to do the same thing, the first thing you need is land, without land you cannot start fRead more

    My father worked as a teacher in a government school but he also farmed rice, corn and vegetables. I know a lot of people who despite being employed with civil services are also involved with farming. If you want to do the same thing, the first thing you need is land, without land you cannot start farming. If you are in urban areas this might also not be possible

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