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101  Bitcoin / Bitcoin Discussion / Re: What is your plan with Bitcoin? on: January 20, 2024, 04:43:07 AM
OP, the step you have taken to invest in Bitcoin is really commendable. The best way to invest in Bitcoin is to invest in the DCA method. In DCA method if even a low income person invests slowly then the investment amount will be much higher at one stage. OP, you should be patient and keep investing in DC method, halving is going to happen this year, hope you get a lot of profit in 2025.

However I am currently investing in the DCA method. I don't have a lot of income, but I am investing in DCA method from a small income. I can't afford to buy 1 bitcoin, but my goal is to increase my bitcoin amount a lot.
The step of taking advantage of the (Dollar Cost Averaging) method or often called DCA to invest in bitcoin is very helpful even though only with limited income but I think being consistent in this investment will help increase the amount of bitcoin over time. With this shared method I will try and hopefully get a significant profit in order to achieve success in the halving journey that is expected to occur this year.
102  Economy / Economics / Re: Women are more economical than men. on: January 19, 2024, 02:47:36 PM
We had this argument where I was the opinion that most men spend money on things that they are obligated to and cannot control it at times due to responsibilities, men are used to spending money already and because of being used to it, they can find it hard to be as economical as women can be. Do you agree with this unpopular opinion that women are more economical when it comes to money and are able to manage themselves and their homes better than men do?
Yes, I think so, men tend to be simpler and don't want to bother, while women tend to think about the long term even though it looks complicated. Even prices differ by a few numbers if it's cheap they will consider it, but unfortunately they are more wasteful (spend a lot) than men.
103  Economy / Economics / Re: Financial education and why it should be a priority. on: January 19, 2024, 02:33:41 PM
Financial Education A person can never fully learn from school and gain. Financial education will be gained through own knowledge and skills. Promotes social and emotional well being among students along with teaching other subjects in school. There is no such thing as earning money as financial education we need to equip ourselves with the necessary knowledge and skills to manage our money effectively. It helps us make informed choices and encourages fiscally responsible behavior.
I think it is very important to learn about money from an early age, not only from school but also from one's life experience. We also need to know how to manage money well and not just get it, but about managing expenses, saving and even thinking about the future.
Not only will it help ourselves I think the community will also be helped if we know how to manage money and improve the quality of the economy for them (if they really understand about money) I think this will help reduce poverty levels and will even encourage economic growth for them. With a note that they really understand how to manage money and get it. so in essence learning about money from an early age is important and will even be very helpful for the environment around it.
104  Economy / Economics / Re: Demand of inside dollars on: January 19, 2024, 11:16:11 AM
Trump's quantitative easing to bring the US economy back faster. Biden increased qualitatively to consolidate the dollar, though that made the US economy recover more slowly.
Are you sure this is happening? As the US recently signed with the European Union to bring liquidity to the USD, I still believe that the US will continue to print more money. That also makes Donald Trump the winner. The capitalist business also likes that.
Indeed in this vast economic situation it can be seen from various perspectives, which must be different, for me I see Trump's quantitative easing aims to accelerate economic growth.
While from Biden I see he is very focused on consolidating the dollar in the long term. I feel that the contract with the EUROPEAN UNION will influence each other's policies and may lead to complex dynamics in the global economy.
International collaborations and agreements can have wider consequences that affect not only the economies directly involved but also the broader global economic landscape. Economic policies are often subject to change based on evolving circumstances. The intricacies of these policies and their effects can be interpreted in various ways, and perspectives may be different based on the focus, whether on short-term economic acceleration or long-term currency consolidation.

If we want to understand the complex dynamics of the global economy, it requires a nuanced approach, considering not only domestic policies but also international collaborations and their potential ripple effects. It will be interesting to observe how these economic strategies and agreements unfold and shape the future economic landscape.
Indeed, international collaboration and agreements will play an important role in building a rapidly growing global economy. Not only that, I think the involvement of various countries has an important influence and role in economic growth and even affects the stability of currencies and the distribution of natural wealth.
105  Other / Beginners & Help / Re: [Merit] Share your best posts/threads with Fillippone to be merit assessed on: January 13, 2024, 04:44:53 PM
Round 2

Re: New business idea.
Category : Opinion
Section : Economics

Re: How do you avoid scammers?
Category : Opinion
Section : Beginners & Help

Re: Growth mindset versus fixed mindset
Category : Opinion
Section :  Economics

Re: The power of investment choices
Category : Opinion
Section :  Economics
5
Re: Learn to use DEBT in a proper way to create asset
Category : Opinion
Section : Economics


Thank you very much!
106  Economy / Economics / Re: Demand of inside dollars on: January 13, 2024, 04:25:41 PM
Trump's quantitative easing to bring the US economy back faster. Biden increased qualitatively to consolidate the dollar, though that made the US economy recover more slowly.
Are you sure this is happening? As the US recently signed with the European Union to bring liquidity to the USD, I still believe that the US will continue to print more money. That also makes Donald Trump the winner. The capitalist business also likes that.
Indeed in this vast economic situation it can be seen from various perspectives, which must be different, for me I see Trump's quantitative easing aims to accelerate economic growth.
While from Biden I see he is very focused on consolidating the dollar in the long term. I feel that the contract with the EUROPEAN UNION will influence each other's policies and may lead to complex dynamics in the global economy.
107  Economy / Economics / Re: How to stay poor! on: January 12, 2024, 02:34:24 PM
Many things can affect a person's financial condition including sites where a person is difficult to get a job so that it will affect his economic condition and will be an obstacle in meeting his needs.

That is why everyone must have intelligent thinking in seeing every job opportunity that does not necessarily have to be in their own environment. Examples include jobs such as blog writers and content creators which rely more on the internet network apart from accurate data presented to readers or viewers on the platforms we use. This means that work is no longer limited to the surrounding environment, but as long as someone has ideas and the willingness to work anywhere, of course that person will have a job that is even much better than the work in their own environment.
I see many people who understand the difficulty of getting a job, which of course affects their financial condition, as I stated above, but on the other hand, your point highlights the importance of having an open mind to job opportunities outside the context. And if possible they will also look for job opportunities that can be accessed through the internet as you said earlier. Most people find it difficult to start from where, which makes it confusing to come up with a good idea, I think it's simpler if someone works for someone else than having their own job, because if someone works for someone else it is usually organized and there is already a concept from the company that makes it easier to live with.
108  Economy / Economics / Re: 4 COMMON MISTAKES PEOPLE MADE WITH THEIR FINANCES LAST YEAR THAT SHOULD BE AVOID on: January 11, 2024, 03:02:25 PM
The emergency fund can be saved in the bank or to buy gold. the point is that liquid and liquid quickly with no loss and quickly become money when needed.
gold besides being easily liquid can be and emergency at the same time can be for investment and can be for a luxury
I agree with you that gold investment is often considered by people as a form of value protection, perhaps this is because gold has high value stability. From some information that I get, investors often buy gold because gold has protection against inflation and gold is also considered an item that is easy to sell even in the form of gold bars or jewelry. In the digital era like now investing in gold is very easy, even without physical gold can be invested through financial instruments such as precious metals and gold mutual funds.
109  Economy / Economics / Re: If you want to get rich, you have to become immune to the money.......! on: January 11, 2024, 02:42:01 PM
Everyone certainly has different ways of achieving success, although the methods are different, but of course there are many people who succeed and become successful. For me personally, in achieving success, the first thing is always health which comes first and the second thing is knowledge which comes first and don't. It's easy to give up if there are obstacles, namely having to keep fighting and learning from mistakes. 3. Don't get business capital from loan proceeds because for me personally I don't feel comfortable using loan business capital. 4th, only buy things that are most needed and if you want to buy a car there must also be benefits. The point is to buy a car because it is for business purposes because if you buy a car not for business purposes, of course you will lose money because the cost of servicing the car is of course very expensive, but if you just go out once. going on holiday by car is certainly no problem because we also need entertainment and fun so that our brains don't get stressed. The to 5, in my opinion, must be a business according to our hobby because if our run a business according to our hobby it will make us comfortable and we will enjoy the business process we are running.

6th, of course you have to save and invest and of course you have to have emergency costs because without emergency costs it's not good because it will affect the progress of the business we run.
Can you give a little example for number 3. Like you said don't take capital from loans, then how can the business grow?
And number 5. How to implement it? And how to start
110  Economy / Economics / Re: How to stay poor! on: January 11, 2024, 02:25:49 PM
Do you think people naturally does all this to stay that poor?
No one will want to remain poor in their lives but the problems is most people fails to summon courage in everything they do because they all believed that everyone has a lifting days with a regular saying that says "God will make it one day", Tell me how God will make it when they fails to look for work and job that would produced to them, is it not same God that says " Show me they works of thy hands I will blessed you through thee". Yes, people who don't change their orientation would always remain poor in life provided they are feeding 3 square meal a day, they don't mind pushing harder or becoming Rich in their lives.
Many things can affect a person's financial condition including sites where a person is difficult to get a job so that it will affect his economic condition and will be an obstacle in meeting his needs.
111  Other / Archival / Re: Generational wealth on: January 11, 2024, 01:33:29 PM
What would be your advice for a pharmacist hoping to create generational wealth in the pharmaceutical industry
Building a generational wealth isn't a day job, but if you want to do so, you first of all let go of all distraction, focus on growing your pharmaceutical company, after doing that try and expand it, by opening branches, but note, you must put competence people in charge of affairs, in the day to day running of the company.

When all that is done properly, try your possible best to educating your children, by bringing them into the family business, let them know how things are been done in the company,  bring them in, let them follow the family way so that the family legacy will continue when you are gone. I hope this tips is helpful?
I don't think this is just for pharmaceutical businesses, I think these tips can be applied in various businesses, in addition from me, namely cohesiveness in building it, it is very important to maintain cohesiveness in a business because it will have a positive impact on the development of the business itself and respect each other, because in a business cannot run alone we definitely need other people to achieve success.
112  Economy / Economics / Re: A career - as an employee or a business owner which do you prefer and why? on: January 07, 2024, 05:03:53 PM
I'll choose to be a business owner because I'm thinking of that I can help genuinely those that deserves it and are hardworking. So, it's a give and take situation for me and those that I will employ if ever I'll have a big business.

I'm planning to have one but sometimes it's making me think if I can make it. I'm not afraid of risks but I'm afraid of failure but also, it's making me realize that I can just restart if the business I started has failed and just go back to employment.
It's not just you who might think like that, there are many out there who are just like your thoughts, when they fail in running their business then they will go back to work, but if I become you I will definitely be like that then I will try again and keep trying until the business I live like what I want. In some of the journey of a businessman there are many things and obstacles but I see them persevere and continue to fight until their dreams and hopes are realized. But I think such a mentality is rarely found because the mentality of the businessman can be said to be a mentality of steel that is sturdy and strong in facing financial challenges in building his business.
113  Economy / Economics / Re: How do you work toward hodling bitcoin? on: January 07, 2024, 09:49:14 AM
Personally was going through some sales of mine in the past and the worth of the BTC I had spent few years back today. Thought about it, until I came across of a twitter influencer who also sold his products for bitcoin. And he mentioned he didn't hodl those bitcoin. But he worked strides ahead to build his business such that he'll hold every single bitcoin he made through sales. Same thing I linked to other people who sold products for bitcoin, many didn't hold their bitcoin. But, that's not the issue or problem. The question is what are the possible means of securing our businesses and at same time saving the bitcoin made through the services we render? Mainly I crafted out a new skill out of me that earns me local currency; fiat. Yet building a fresh business from scratch isn't easy, most often, I still use bitcoin to invest on the local online business. Still keep me yards back from achieving my goal of hodling bitcoin made through online business. Contribute your thoughts and personal experiences. As the influencer didn't elaborate how he made his possible.





Ok here I have a little story from my colleague who experienced this, so my friend likes to mine btc and he is also an online businessman.
Initially he built an online business and he found advertisements related to btc (initially) and he was interested then he mined it and invested a little of his income in btc a little I pinched him when he was successful, so I saw that some of the proceeds from his online business he set aside to save dibtc because according to him if he relied on mining alone it was not enough so he took the initiative to do it in his own way. Don't forget to exchange it when he gets profit, and save it back there.
114  Economy / Economics / Re: Sometimes tips the securities at the mall or local shops on: January 07, 2024, 09:07:25 AM
I haven't worked as a security before, but from my observations, I would say the securities are really doing a pretty good job. Securing whatever we go to the mall, we keep an eye on shoplifters to avoid thefts and nuisances. Personally, I am scared of that kind of job because you have to sign an agreement that stipulates that anything could happen while you are on duty, and only your family will be compensated on your behalf if it eventually leads to death. But i see those guys do their jobs with passion and happiness.

When we walk into a mall, I believe they are the first person we see, and i have seen most of them with a lovely smile and welcome message. While you are leaving as well, they say goodbye and thank you for shopping with us. Don't you think they are worth tipping? Sometimes we should tip them and appreciate them for their services because it is not an easy one and their salaries are low as well. Tipping them will help solve some other needs, or if they have a family, it will help provide extra money for the family.


I salute what they do, even though it involves unexpected things they have to do it because it is their job, regarding tips it depends on one's personality in looking at this, and I see nothing wrong if we give a little tip for them. Even though it's not worth the risk, at least it helps to increase their income.
115  Economy / Economics / Re: Banks secret door for cheaper cash on: January 04, 2024, 06:20:40 PM
Theres alot of schemes like that, banking is one of the most subsidized business sectors operated globally.  Its also highly regulated and if you deal dollars they can shut you down anywhere in the world pretty much because of the large centralized influence inherit in this system.  The banks are easy choice to support as an industry as they are primary dealers of Government debt, if the banks cant buy then the government cannot spend.  More then that if the debt sales dont continue of government bonds then the debt must be repaid a budget surplus is a real hard sell come election.  Imagine politics has only its principles to run on not promises of bail outs and debt based overspending, a very hard prospect for anyone to get elected vs the candidate who will do the opposite.
  The problem with a circular relationship of banks supported by government programs who in turn will buy the debt to enable the support is the feedback effect is likely to fail at some point leading to extreme alterations in monetary liquidity.   Inflation switching to deflation and back again is an impossible scenario in an economy to navigate.
Your views give me new insights into the relationship between the banking sector, subsidies, and economic impact. I think the feedback effect that you highlight has significant potential risks especially in the face of monetary challenges and extreme economic (price) changes that can hurt the economy. But we need to be aware of these risks in order to design sustainable (good) and stable economic policies.
116  Economy / Economics / Re: Business failure among small-scale entrepreneurs on: January 04, 2024, 05:52:13 PM
Cut...
So I think this must be managed well and wisely for consumer satisfaction. In this way, there will definitely be the best things for a business, such as generous buyers who will make a significant contribution to business growth.
In the name of building a business, we must prioritize customer satisfaction so that old customers can always feel at home stopping by our place and this can also have an impact on the arrival of new customers to our place of business. Because the end result of wise and simple management is to be able to attract lots of customers so that there will be an increase in sales in the business that we run. Meanwhile, the other thing is in the form of polishing to make our place of business more comfortable when seen from the outside by everyone.
Maybe from the conversation we discussed is one of increasing customer trust (trust) and there are many more things related to this, such as improving product quality, service, promotions such as free shipping and many more, but I think all of that is very necessary for small business owners and large businesses. The sense of trust from them will determine the results of the business we are running. So it is very important to increase their trust because otherwise it will be very very detrimental to the business owner itself.
117  Economy / Economics / Re: The steps to follow in creating a budget on: January 04, 2024, 05:31:36 PM
This is a completely logical approach.

1. Determine your income: As the first step in creating a budget, you have to know your total income in terms of what you can afford. Do not write a budget that is more than your income and end up not achieving anything at the end because your income determines your budget, so let's take note of our income first. This income might include your weekly,monthly, or even yearly income, as well as side hustles and any other source of income.
I think this is the most important factor determining the type and method of creating a budget. On this basis, I would like to delve a little deeper into this point, considering that the size of income versus the size of expenditures can determine the size of the budget that can be created at a given time. This requires a basic condition, which is the presence of surplus income to enter into saving (according to a precise plan) and the size of the budget that can be obtained be clear.
This leads us to consider that the more revenues exceed expenses, the easier it becomes to plan to create a budget. It becomes easier if we adopt what investors call “diversifying sources of income,” because often someone who has one source of income (even if it is fixed) cannot balance it with expenses in order to be able to develop a plan to create a budget.
I agree with your point about determining income, I see that determining income is the key to realistic budget limits. While the comparison between income and expenses I think can play an important role to determine income. However, if we want it to be even better, we have to separate the prioritized expenses and even record them every time there is an expense so that they can be controlled.
You would really be needing to determine about your income because if you dont know on how to make out some budget which is really that basing up on what you do earn then you would really be most likely on getting overdropped as you would really be having those kind of spendings on which you are really that going beyond those line. This is where people do usually mess up on the time that they would really be spending up
more which is something that it is really that out of their income range because if you are really just that sensible on doing such stuff then you wont really be that making yourself that able to mess up when it comes to budgeting. It is really just that there are people who are really that too careless when making up some budgets on which some of them wont really be caring about.

People would usually be making out some adjustments on the time that they would really be experiencing some hardship on which this is really that common. For us to survive into these non  stop
economical increases and other stuffs then this is where you would really be putting up importance and relevance in speaking about budgeting and allocation.
I agree with your opinion it is very important I think in determining income and making a realistic budget, separating and recording expenses that are prioritized is very important and even helps in controlling finances better, I admit that if there are mistakes in the budget can cause problems for finances even to serious, I think this needs to be followed up and find solutions to overcome unwanted economic difficulties
118  Economy / Speculation / Re: Your feelings if Bitcoin price takes your expectations unaware on: January 04, 2024, 05:00:16 PM
Like the title you made the fantasy does not match expectations. Even so I don't care about it because the reality of life is often not in accordance with what we expect. But I will keep going to adjust my dreams to reality, there must be lessons from every journey and it will be a valuable experience.
Everyone will continue to make adjustments to what they will do or try in their life journey and if what you mean is to feel the price of Bitcoin and also their expectations in the market next year. I think almost everyone will continue to enjoy the journey quite well, because market conditions are still moving quite well so far even though small corrections in Bitcoin prices have sometimes occurred in the last two days. But that's not a sign for everyone to stop hoping for the best in Bitcoin early next year.
Yes I think so, some of them including me will probably remain optimistic in seeing the journey as a good opportunity even though there is a slight correction, right you say it doesn't mean they should stop hoping. But for me, I will continue to adjust my dreams with reality, and I will make it a valuable experience in my life journey..
119  Economy / Speculation / Re: Your feelings if Bitcoin price takes your expectations unaware on: December 30, 2023, 05:02:07 PM
As a short-term goal Bitcoin Investor whose eyes has been on the Bitcoin market and has accumulated as much Bitcoin while expecting the bull-run markets to come and skyrockets so you can sell you Coins at a profitable higher price, and then you wake up lately maybe at night or sometimes in the morning and learns that Bitcoins value rate (Price) hitted the market even times 3 of what you expected for example, you awaits the market to hit $65K and then it hits $165K just at your slightest mistake of given the markets charts monitoring maybe few minutes or an hour break and then it depreciated unimpressively against your will probably even below your hodling value at your notice, how would you feel at it?
Like the title you made the fantasy does not match expectations. Even so I don't care about it because the reality of life is often not in accordance with what we expect. But I will keep going to adjust my dreams to reality, there must be lessons from every journey and it will be a valuable experience.
120  Economy / Economics / Re: When the world is evolving, follow the trend. on: December 30, 2023, 04:46:59 PM
Over the times, the technology also developed. The development of increasingly sophisticated technology makes it easy for humans who live in modern era. Not willing to follow him, it means that humans do not want him to develop.
It's true that you said the development of technology brings great convenience to our lives. In the past, work was all manual and even required more time and energy, but in the present era, technology helps us do things quickly and efficiently. But I see a bad impact where unemployment is rampant everywhere until now jobs are hard to come by.

Quote
Previously the work system was manual, now it is very sophisticated so that doing work is no longer difficult. All transactions throughout the world can be done at any time in just minutes and everything is recorded.
Like the Bitcoin transaction system. People will get convenience without having to be afraid of conducting transactions and without having to involve other parties.
While a transaction system like Bitcoin does provide freedom and convenience without the involvement of third parties, transactions can be made directly and securely, this is one example where technology makes our lives easier, especially in terms of finance and exchange of value.
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