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Mika

Expert Mind
Ask Mika
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776 Questions
Home» Mika»Answers
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  1. Asked: August 8, 2023In: Crypto & Forex

    What happens if USDT falls down?

    Mika
    Mika Expert Mind
    Added an answer on August 9, 2023 at 3:43 am

    A stable coin price does not fall in a normal situation, it will start to fall if it is a rug pull or the value of this reserve decreases (in a situation when the reserve is created by volatile assets like bitcoin or other cryptos). When USDT falls down, it will not have any effect on me personallyRead more

    A stable coin price does not fall in a normal situation, it will start to fall if it is a rug pull or the value of this reserve decreases (in a situation when the reserve is created by volatile assets like bitcoin or other cryptos). When USDT falls down, it will not have any effect on me personally as I do not invest in stable coins. I use stable coins to minimize the market risks sometime but I do not invest or trade stable coins, including USDT.

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  2. Asked: August 8, 2023In: Crypto & Forex

    Are new altcoins being too risky?

    Mika
    Mika Expert Mind
    Added an answer on August 9, 2023 at 3:38 am

    It is difficult to say whether the new altcoins are risky or safe. However, the general conviction is all crypto coins, including Bitcoins, are risky assets. Interestingly, you can look for some features that will guarantee you safety with certain coins, for instance, the market cap, trading volume,Read more

    It is difficult to say whether the new altcoins are risky or safe. However, the general conviction is all crypto coins, including Bitcoins, are risky assets. Interestingly, you can look for some features that will guarantee you safety with certain coins, for instance, the market cap, trading volume, use case, etc. One of the easiest ways to see if the altcoin is good or not for investment is by checking whether it has been listed on popular exchanges like Coinbase or Binance.

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  3. Asked: August 8, 2023In: Crypto & Forex

    Do You trust Tether (USDT) Stablecoin?

    Mika
    Mika Expert Mind
    Added an answer on August 9, 2023 at 3:35 am

    I trust USDT, it has created a reserve of crypto, gold and USD to back the price of the coin. However, I do not invest or trade tether. I use this stablecoin only to minimize my risk. For instance, when the market starts going down rapidly, I convert my assets to USDT and when the market starts goinRead more

    I trust USDT, it has created a reserve of crypto, gold and USD to back the price of the coin. However, I do not invest or trade tether. I use this stablecoin only to minimize my risk. For instance, when the market starts going down rapidly, I convert my assets to USDT and when the market starts going up convert them back to the crypto that I want to invest. Stable coins are not for profits but to minimize your risk in investing and trading crypto.

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  4. Asked: August 7, 2023In: Money & Business

    What Saving Method Do You Use Currently?

    Mika
    Mika Expert Mind
    Added an answer on August 8, 2023 at 3:24 am

    Depending on my income I cut 10-20 percent of my income and keep it in a saving account in a bank. After 6 months or so, I will have some amount that I will keep in high-yield saving accounts such as fixed deposit accounts. I also invest some money. I continue to save money as well as invest money.Read more

    Depending on my income I cut 10-20 percent of my income and keep it in a saving account in a bank. After 6 months or so, I will have some amount that I will keep in high-yield saving accounts such as fixed deposit accounts. I also invest some money. I continue to save money as well as invest money. I save money to have emergency funds, retirement funds, as well as money to buy property. I invest money to grow my wealth.

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  5. Asked: August 7, 2023In: Money & Business

    How can I make money from ebook on Amazon, Etsy etc

    Mika
    Mika Expert Mind
    Added an answer on August 8, 2023 at 3:20 am

    Amazon is a better platform to sell ebooks and make money. That's because it has a huge market. However, this does not mean you cannot sell on Etsy. However, the books you sell on Etsy should mostly be workbooks, or mini-tutorial, where as all sorts of ebooks sell on Etsy. IN order to make money selRead more

    Amazon is a better platform to sell ebooks and make money. That’s because it has a huge market. However, this does not mean you cannot sell on Etsy. However, the books you sell on Etsy should mostly be workbooks, or mini-tutorial, where as all sorts of ebooks sell on Etsy. IN order to make money selling ebooks, you first need to write an ebook, once you have written it, you will have to hire a professionbal editor to edit it and a designer to create cover. Then you will have to upload on the platform.

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  6. Asked: August 7, 2023In: Money & Business

    Do you know you can make $1 daily?

    Mika
    Mika Expert Mind
    Added an answer on August 8, 2023 at 3:14 am

    You can make $1 per day working online, you can also make $10 a day or even $100 a day working online. However, how much money you can make depends on your skills, knowledge and expertise. If you are unskilled, you might participate in surveys, micro jobs and paid to post sites to make $1 a day, ifRead more

    You can make $1 per day working online, you can also make $10 a day or even $100 a day working online. However, how much money you can make depends on your skills, knowledge and expertise. If you are unskilled, you might participate in surveys, micro jobs and paid to post sites to make $1 a day, if you are highly skilled, you can build SaaS businesses and make $100 per day. With moderate skills like writing, designing, etc. you can make $10 a day.

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  7. Asked: August 7, 2023In: Money & Business

    How Can I Make Money Online Trading Forex?

    Mika
    Mika Expert Mind
    Added an answer on August 8, 2023 at 2:48 am

    First of all, you need to join a forex trading platform that offers a demo account. Demo accounts are accounts where you can trade in real-time with proxy currency. The platform provides you with currency to practice trading and hone your trading skills. Once you build knowledge and skills, you canRead more

    First of all, you need to join a forex trading platform that offers a demo account. Demo accounts are accounts where you can trade in real-time with proxy currency. The platform provides you with currency to practice trading and hone your trading skills. Once you build knowledge and skills, you can fund your account and then start trading forex. There some some strategies like bots trading copy trading, etc, that helpos you to minimize the risk associated with forex trading.

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  8. Asked: August 7, 2023In: Money & Business

    How to make money from dry cleaning business

    Mika
    Mika Expert Mind
    Added an answer on August 8, 2023 at 2:28 am

    One of the best ways to make money from a dry cleaning business is by starting a laundromat. Laundromat is a self-service laundry business. You install machines, and people come to wash their clothes and put coins to operate machines. YOu don't do anything, you just collect money by the end of the dRead more

    One of the best ways to make money from a dry cleaning business is by starting a laundromat. Laundromat is a self-service laundry business. You install machines, and people come to wash their clothes and put coins to operate machines. YOu don’t do anything, you just collect money by the end of the day. However, you need to see whether there is a demand for this business or not, you will also have to see if there are a lot of competitors in your area or not.

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  9. Asked: August 7, 2023In: Blogging, Websites & Online Skills

    What Are Evergreen Niches In Blogging?

    Mika
    Mika Expert Mind
    Added an answer on August 8, 2023 at 2:27 am

    The niches that people were interested in in the past, are interested in the present and will continue to be interested in the future are called evergreen niches. For instance, people were interested in reading about health articles in the past, they will continue to read in the future and are stillRead more

    The niches that people were interested in in the past, are interested in the present and will continue to be interested in the future are called evergreen niches. For instance, people were interested in reading about health articles in the past, they will continue to read in the future and are still reading in the present. Evergreen niches are not time sensitive, they will get traffic always. You might get influx of traffic but you will get regular traffic on these niches

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  10. Asked: August 7, 2023In: Money & Business

    How can I clear my debts fast in India?

    Mika
    Mika Expert Mind
    Added an answer on August 8, 2023 at 2:17 am

    If you are running a small business and you are having difficulty paying off your debt, you can do a number of things, such as cutting down your expenses (which can even mean to lay off your staff), increasing your service fees and products price, and pushing hard to make more sales. If you are sellRead more

    If you are running a small business and you are having difficulty paying off your debt, you can do a number of things, such as cutting down your expenses (which can even mean to lay off your staff), increasing your service fees and products price, and pushing hard to make more sales. If you are selling for credit you should stop doing it and you should try to collect your money from creditors as soon as possible.

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