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1101  Bitcoin / Bitcoin Discussion / Re: How valuable BTC has become overtime on: September 16, 2023, 03:50:59 PM
I have never imagined that this is going to be an easy comparison for how Bitcoin has gone far for being an appreciating asset and how dollar is depreciating. The images that were posted just shows that if you've been a bitcoin believer and held until now, you didn't chose the wrong option but you should be proud of yourself that the quantities that you've been accumulating for a very long time is starting to see the fruits of it. Well, you can reward yourself if you have got that much of Bitcoin and buy that device if you want to, or keep on pushing yourself at the best to keep on holding it until we see another price appreciation which is likely for the next bull run just after the Bitcoin halving.
Bitcoin has developed a name for itself, and in the last few years, those who have been wise enough to invest in bitcoin have realized its value, which is why everyone is finally going into it. And in my own country, bitcoin isn't appreciating; rather, it's becoming more costly, hurting practically everything. A lot of people are bitcoin believer and been that it has played out well in the life of people that have earned from it and they keep encouraging people who are serious minded to also invest. Accumulating is just the best because not every one can buy a single bitcoin due to the amount, and everyone that that have venture into bitcoin have benefited.
I agree, Bitcoin's name has been gaining more and more attention lately. Although there are still some negative views and perspectives that surround it, especially for those who have yet to do their research and understand how the system works, there is no doubt that Bitcoin is gaining more and more popularity overtime. I'm sure soon enough those are just curious and have yet to dive deeper to how Bitcoin works will discover the actual benefits that could be found and get from investing and holding.
1102  Economy / Economics / Re: I tired of Banks my experince with nyc high value Property on: September 16, 2023, 03:26:33 PM
And instead of providing money for business mind people like me they just don't care about what is the idea but all they want is me to pay them.
After all they are a business, they need to pay their employee and they need to make money to survive, and their main business is loan, so yeah they provide you money but they will take advantage of it.

Yesterday i was talking with one of the biggest USA bank they told to me i have to put down minimum of 40% down payment for buy to rent Property purpose of loan.

I don't know how the credit/mortgage system work in your country, but from where I came from. If you put more down payment, you will have lower total interest, and if you want to want to get the lowest possible down payment you need to have a good credit score. You should check whether that 40% down payment actually give you lower total interest that you need to pay or not, if yes then the bank is actually helping you.
I was thinking the same, perhaps OP's credit score is not that good hence the 40% down payment requirement. Moreover, you're right about the interest system, at least in my country. Hence, I suggested to OP about trying other banks as they may offer OP something different. OP needs to understand that banks are businesses as well hence they have to ensure that they will have profit and leverage, they need to be sure that thier clients will pay them hence the downpayment.
1103  Economy / Economics / Re: Tim Gurner wants Unemployment to increase. Employers have lost their power. on: September 16, 2023, 03:06:24 PM
Tim Gurner can WANT anything Smiley But he will have to accept and come to terms with the fact that the world has changed. And yes, COVID was some kind of trigger that changed the labor market. Not everywhere, but in many countries and heads. And what's amazing is that people realized that you can work not "man-hours in the office" but productively and remotely and even multiple jobs at the same time. And it WORKS!
And even by personal example I can say - I have a group of developers and system administrators, and after covid, and then after the terrorist attack of russia on my country - they do not work in the office, they work at home or in places where they relocated, 1 outside of Ukraine, in the EU. And no problems happened ! For people this format of work - additional non-material motivation, for me - reduction of expenses on office maintenance and providing workplaces Smiley
Well, you know how people like him think. They want their employees to be loyal to them and follow all of their demands without raising any questions but they fail to be considerate employers. While it is true that there are instances that some employees are requesting for too much, employers like Tim Gurner have the power of the company policy in his back that he can use to discussed and argue with these employee rather than dictating such a statement that is beyond ridiculous.
1104  Economy / Economics / Re: Building wealth it's not just one time Luck on: September 16, 2023, 02:24:07 PM
That depends though, what if the luck that you're talking about is winning the lottery or being able to buy bitcoin back when it was dirt cheap? That's a different kind of luck. Also it's kind of weird to say that you've disregard someone's trading skill by saying that if they make 10x profit, that means they're lucky, but I guess that depends though and I do agree that if it's not a consistent occurrence then there's something wrong but I'd like to point out that even the greatest trader out there doesn't do good trades everyday.
If you get lucky and won such a huge amount of prize, you'll be rich. But if you don't know how to handle that money or how to grow it more, then it'll be gone after some time. To be able to be stable with your wealth, you build yourself. And it takes a lot of effort and hard work. You can be rich with one time luck but it won't last without skills and hard work.
And that's just how it is, even if you get lucky once you still have to manage it and ensure that whatever benefit you get from hitting the luck will not be gone after a day or two. There already have been a lot of stories of individuals winning the lottery and after less than a year they have lost almost all of the price money. Those stories showed how you cannot just depend on luck alone, you still have to work and manage everything yourself. If you keep relying on luck then you will continue to find yourself back to where you started.
1105  Economy / Economics / Re: To afford personal education or a property? Where to allocate funds? on: September 16, 2023, 01:39:56 PM
Let's suppose you have a limited budget which can be used only for one of the alternatives below:

What is the best investment, in your opinion? To use this money to pay for your education, so you can conclude a superior course and achieve a higher degree, having access to a wide jobs' market, or to use that money to acquire an apartment, house or piece of land, so you can make a passive income from this?

It brings the following question up: what is more valued in life: to be or to have? Does it make someone fulfilled to have while not being or being without having anything?

If there are job opportunities after I finish my university coursework and earn my degree, I will definitely use the money to sponsor my education rather than use it to purchase an apartment or piece of land that I will be renting out to generate passive income. This is because I think that an education a degree can take someone to a stage where they can always earn a lot of money if there's opportunities, whereas apartments or land will only provide someone with a stable income, which I don't think is enough. I don't think someone will house or land investment and without high education with have the opportunities someone with education degree will have if to rate the opportunity, so with that I see education with degree as best to invest in than just setting a house or land investment.

I completely agree with your thoughts, education, knowledge, and qualifications are things that will help us achieve all our dreams if we know how to use them effectively. But the funny thing is that many people do not choose education or a university degree because they think that degrees are useless today.

That situation is happening a lot in my country, students use money and connections to buy degrees but with an empty brain. Then they become unemployed and start blaming education and degrees. They have never looked back at themselves as useless people, people with no knowledge, no experience and think that having a diploma means having knowledge. When you have a degree and experience, you will easily find a job with high income and owning valuable assets is just a matter of time.
As unfortunate as it is this is a common thing, I know many teenagers who are doing the same thing and then soon enough they will be either jobless or blaming the government for their current situation. It really needs to be shown just how important education is, even now that there are jobs that do not require much educational background, we all know that if we want to make it big we need to have the knowledge for it. No company will ever hire you if you have no background of what you are doing.
1106  Economy / Economics / Re: If the global economy collapses what's the first thing you do? on: September 16, 2023, 12:39:25 PM
It's true that the world economy is going bollocks!! World currencies going bust and inflation invading most of the world like a swarming hoard of locusts and some will be left to wonder if the dollar would hold much value in the coming years? Well that's where most bitcoiners who are hodling will be glad they got on the moving train and didn't let FUD deprive them of the freedom Bitcoin gives.
Well, if the global economy goes bust, what will I do? I'd take advantage of the situation and purchase more Bitcoin and hold in readiness of the halving period.
This is actually a good take, make an opportunity from the situation. Instead of focusing on the negative side of it, we can find ways to prepare ourselves and possibly even get benefits from it. At a time like that, we cannot just stand in the corner and sulk as the world around us goes down with the global economy, instead, we have to be clever and critical. We cannot back ourselves up in a corner and just hope for things to be better after a while, instead, we can take actions that will protect us from the situation and even make it on top.
1107  Economy / Gambling / Re: Slot Educational on: September 15, 2023, 11:59:12 PM
Alot of those who make some kinds comments don't really take the time to deeply think about their statements before making them and this mostly drags us back to the fact that those who are paid to do some job may lack what the ethics of the job is,  really campaign may not restrict or control what you decide to post here in the forum,  but as a worker who is promoting a certain service and you get paid from the revenue generated from that service,  speaking ill or negatively about such product makes you look as if you are dump and don't know what you are doing.

Because what the hell is the need for promoting a gambling site when you are calling for the ban of gambling,  that doesn't sound wise to me.

I agree, we should always consider the situation regarding the service our accounts is promoting.  If it is about gambling, making a vendetta against gambling would be unethical because we are conflicting with what we are promoting. The least we can do about it is to stay neutral and look for better words so that we won't look like a hypocrite, getting incentives from gambling operations but campaigning for it to stop lol.  In this case, the best advice we can give is gambling in moderation so that it will not affect our future finances.  

But obviously, we cannot blame them on their reply and take them as their stance since as I read, the reply is just a reaction to the already existing conversation and I believe he is just citing the cost and effect of something if implemented.

well, most are not thinking twice about what they are saying to the public. but i do agree, that you need to keep an eye on what you're saying and what you are doing (i.e. promoting). gambling will always be a part of human society. so what you can do, as a user/player/gambler, is just to be responsible about your own gambling activities. you are the one who will take care of the consequences of your actions.

Some are responsible for the words they are saying as they are advertising these platforms that they are praising. I guess, being responsible in accepting promotions and projects related to gambling should also be considered, given that this area is sometimes what drives people into gambling. Just gamble on your own, spend money on your own, and not advertise gambling unless you're sure that the ones you are telling the word to are responsible gamblers.
1108  Economy / Gambling / Re: Cloudbet hacked? on: September 15, 2023, 11:49:24 PM
Upon reading the progression of this thread, it appears that you may have misunderstood the message you received. It has nothing to do with Cloudbet being hacked; it's just that they are reiterating that your password may have been compromised. But even still, if I haven't confirmed the source of the message, I wouldn't click any link and would move forward with just checking the website myself.

With the amount of hacks going around, it's great that these casinos have the time to do a SMS or email blast. They're just looking out for your safety, after all.
1109  Economy / Gambling discussion / Re: Big capital, small risk or small capital big risk - which is best approach? on: September 15, 2023, 11:34:04 PM
The old saying goes "it takes money to make money" and I think that applies quite a bit in the world of gambling.  It's pretty hard to try and win some serious money when you don't have much money to "invest".  Of course you could play it safe, bet small and somewhat conservatively and try to slow build your way up, to where you can win some actual money, but that's certainly not easy.

I think this is a variation of the proverb “money makes money”, although when we apply this proverb to gambling it hardly works. If we won serious money, then we risked serious money, right? But I don’t think that a person who constantly risks serious money will keep it. If I had them, I would have found more reliable ways to use them.

Huge businesses risk huge money serious money all the time, and they never lose that much because they play with the risks accordingly. The thing is, gambling or not, they play with the odds cleverly and use whatever resources it is at their disposal to be at an advantageous position. The only time you can do this in gambling is in sports betting and other games that require skill such as poker, blackjack, and other card games.
1110  Economy / Gambling discussion / Re: How will you feel if it happens to you just like this? on: September 15, 2023, 10:57:54 PM
People like those (me) who don't gamble for fun have this question to answer: how will you feel when you don't have money to stake a game that you predicted and better winning games you predicted played the way you predicted it and when you checked the winning was something that could have changed your life for ever if you didn't gambled again after such winning?

This question can be very tough to answer, but believe me, many people won't stop thinking of that if it happened to them, so I want to know your opinion about how you would feel if it happened to you.

If it happens to me, I can't stop thinking of it, but definitely one day I will stop thinking about it and see it as history or not yet, my time for big wins just like how it happened to me when I lost a bet that would have given me long-term smiles.
This is called gambling. You shouldn't regret for missed opportunities when it comes to gambling. Imagine the opposite. The things that you predicted and the exact opposite happens. Wouldn't you feel relived? Wouldn't you be grateful that you didn't place the bet? And you can't regret like this. It's like placing a small bet in dice and then rolling over 99.98 and then you are thinking why didn't I place a larger bet with a higher payout option. Gambling is all about risking. You place the bet, you win or you lose. It's no use of imagining "what if this or that".

True. You are playing with chances. Plus, you accepted the risk the moment you placed your bet and started the game. No matter the outcome of that roll is already decided; you have no option whatsoever to choose what the outcome is but you always have the chance to play with the odds and align it to the outcome you desire. Accepting that you lose is way easier than having that regrets nor that thinking that you should have pressed X instead of Y.
1111  Local / Pilipinas / Re: Self proclaimed crypto king ng pinas huli ng CIDG. on: September 15, 2023, 03:20:42 PM
Well simple lang naman kasi ang sagot, gipit ang mga tao sa ating bansa kaya kung ang usapan ay pera at madali kang kikita marami talaga ang kakagat dyan. Lalo na nga at alam ng mga scammer na ito na pag nag flex sila ng wealth nila kuno tulad ng mga luxury items, sasakyan at bahay daw nila ay makakauha talaga sila ng atensyon, lalo na sa mga matatanda na hindi daw maalam sa mga scam na ganito at gusto lang naman magkapera. Ang mahirap din kasi dito ay kahit anong comment mo na scam yun ay walang makikinig sayo unless public personality ka rin. Mahirap yung ganyan na usaping pera kasi mabilis masilaw ang mga tao dito lalo na nagtaasan ang presyo ng bilihin satin.
1112  Bitcoin / Bitcoin Discussion / Re: BITCOIN: Give people time! on: September 15, 2023, 02:55:38 PM
2. The amount of energy and time you expend preaching to someone about bitcoin is not a warranty that he will accept what you're offering. Maybe not immediately!
I tried to talk to my dad about bitcoin, but he didn't really listen. instead, he called me dumb for sending money online to someone. he thought i was telling him to invest because i saw it on youTube.
so, he didn't listen to me and didn't invested in Bitcoin.

from this, I have learned that do not try to tell people to invest in things because if they lose money, they might blame you. so, it's better not to give investment advice.
I agree, you really shouldn't. It's a bad idea to push people and insist on where and how they should be spending their hard-earned money. If you do that and things go wrong you will surely get all the blame. Instead, you can just present the idea of Bitcoin casually in a conversation by sharing your experience, you don't have to preach or suggest anything to them, once you share the positives they'll be the ones who will decide if they will be curious about it and ask more (possibly conduct their own research about it). You don't have to take the responsibility of introducing Bitcoin to them and teaching them how the system works, just be there when they reach out to you and ask questions.
1113  Bitcoin / Bitcoin Discussion / Re: Common Bitcoin ideas on: September 15, 2023, 02:26:52 PM
Of what I could understand I discovered that over 50% of them understood Bitcoin as a get Rich quick scheme which was why most of them thought of it as a scam because they had been scammed through their false idea of Bitcoin as a get Rich quick scheme.
I believe we can see people like that in any country that thinks Bitcoin as a get-rich-quick scheme. So, since we have correct understanding of Bitcoin, we should not allow them to persist in their negative beliefs. We must fix their misconceptions about Bitcoin so that they refrain from spreading false information about it. If you want Bitcoin to be used in every country around the world, you must be accountable for teaching people about Bitcoin, especially those who share bogus news about Bitcoin.
I agree with you. I will surely correct any misinformation I see, especially from anyone I know, about their false view and perspective on Bitcoin. However, will I spend so much time looking around the internet to find posts and discussions that have false information about Bitcoin? No, of course not. Who would? We can honestly only do as much as seeing just how negatively a big part of media is contributing to the false image and information surrounding Bitcoin it will be hard to fix that. The only productive thing we can actually do is spread true and positive information and experiences about Bitcoin without having a specific target, just post randomly or share it during discussions that you have with your family and friends, I'm sure at least one of them will share those information you give to someone else and from that it will reach a bigger audience.
1114  Economy / Economics / Re: Economics is not fulfilling its true potential as a science on: September 15, 2023, 01:41:23 PM
First, not all economists have the same ideas and theories that they all simultaneously follow, you'll be surprised at how much these people clash with their ideas and have such lengthy arguments about it (I remember watching two economists being interviewed and they just started a debate out of nowhere that lasts for more than an hour, it was crazy). Moreover, laying out ideas, knowledge, plans, and theories is different from implementing them, believe me when I say that implementation is the hardest part of any project or action, I'm sure a lot of people will agree on that. Besides economist are just mostly sharing their knowledge and professional take on things because that is what they studied, the implementation is not up to them at all.
1115  Economy / Economics / Re: Save your environmental economic cycle on: September 15, 2023, 12:53:24 PM
You have a point, the only thing is I don't normally buy things in my country, because they are too costly, imagine seeing something on Amazon for 10$ and in your country it's 3x of the price, that is way too much, some people are using the advantage that many can't buy from outside country to sell goods in their own country, if they are been mercy with their own citizens they will have more customers.

The problem with such people is they want to make a bigger amount of money from a single product, I remember buying an RTX 3070 ti graphic cards for 1000$ in my country while its 700$ online, it's just ridiculous, now I don't want to buy anything within the country except food items. 

I understand what OP is trying to say, but I do wish there is a way I can pass a message to sellers in my country too, if the profits they plan to make from an item is twice as the item itself then they will lose customers.
I also experienced the same thing, buying something from a local seller only to find the same products being sold by an international seller for a cheaper price (and we're not talking about 10-20$ less, we're talking half the price) and ever since then I first look at international sellers before local ones especially when I already have an idea of how expensive that product can be. As much as I want to help local sellers there are just some instances when the price different is ridiculous and I am not a millionaire who can't just turn a blind eye to that. I'm sure a lot of people understands and relates to that, I wanna help but I firstly need to consider my own financial situation.
1116  Economy / Economics / Re: I tired of Banks my experince with nyc high value Property on: September 15, 2023, 11:56:49 AM
Much like what the others have already stated, banks are also businesses that seek to make a profit but also retain their clients. The 40% downpayment is probably due to a bad/low credit score that you have, or you probably just have a default one. If you cannot afford to give the 40% downpayment (which, if I am in your shoes I also wouldn't agree to it) you can try for a different property wherein they can offer you a lower downpayment. Or you can always try for a different bank because there are cases where other banks offer a different contract that might suit your financial conditions. Either way, they will always ask for a downpayment as collateral. It's been like that for so long so I'm not really surprised that they are doing so.
1117  Economy / Economics / Re: Stable coin or having USD in bank on: September 15, 2023, 11:16:05 AM
✂✂✂✂

Anyway, when I need to convert my Bitcoin, I think it is better to convert it to dollars or my national currency (Rupiah). I can't use Bitcoin for any transactions in my country, that's why I need to convert it. I think convert it to stable coins won't be a good idea. Stable coins can drop its price, it is not totally stable in price. Even you know that the price can free fall if there is something wrong with the coin in the future.



Indeed, stablecoins are not as safe as many people think, they are no different from altcoins on the market, they can decrease in price and lose their pegs at any time. Stablecoins are just an intermediary when we convert bitcoin to fiat currency and vice versa, and I've never held too many of them.
If I had to choose, I would still choose USD over stablecoins, because they have never been fundamentally safer than USD. Stablecoin of the Terra ecosystem has taught us a lesson and let us not forget that lesson.
If we are talking about stability I 100% agree with you. I will surely just convert my Bitcoin to USD or my local currency, than convert it to stablecoins. It is better and safer to have it like that especially since it's still hard to find merchants that accept Bitcoin for transactions here in my area. Besides, I'm sure some, if not most, of us are already aware that stablecoins are not really "stable". For those who are confused about this or unaware of what this means you can check this article by Bary Rahma: https://beincrypto.com/stablecoins-not-stable-growing-threat/#:~:text=Stablecoins%2C%20digital%20assets%20designed%20to,stability%20of%20these%20digital%20assets.
1118  Economy / Economics / Re: Human Capital, An Intangible Asset for a Company's success. on: September 15, 2023, 10:49:18 AM
Human capital is no doubt a valuable asset to an organization and when it’s recognized and utilized in an organization, the organization would definitely grow.
Organizations today recognize the great benefits human capital can bring to the organization and that’s why they have the HR Department to help the organization cash in.

A happy and satisfied employee would be extremely loyal, motivated and would go all out to ensure the success of the organization.
I agree with you. When a company or organization shows much value to human capital they will be able to form a better relationship with their employee which obviously results in a better performance from them. As much as it is a great thing for employees, it mostly has a direct impact on the company as the effects of such gives the company good results. Moreover, companies that value their employee and acknowledge human capital creates a good image for the company especially for investors, consumers, and future employee as it shows just how humane and humble a company is, as well as how they value their team.
1119  Economy / Economics / Re: Food Crisis - Improved, Worsen or still the same in your country (No Change)? on: September 15, 2023, 10:15:16 AM
Since food is the most crucial and expensive good in my country right now, and since nothing has changed over the course of this year, it is only now that you will realise how vital agriculture is to humankind. Many people report seeing a variety of unexplainable things. Since the price of fuel has gone up, everything has gone up as well, but food is the worst because you can no longer afford even a tiny bit of food, which is affecting many consumers because some people don't have jobs and struggle every day to feed themselves; now that the price has gone up, how can they survive?

The only thing I can advise someone in a country where the economy is hard is to go and learn anything concerning agriculture to feed because these days it really is hard. Farmers are the people who enjoy food now because they always sell their agriculture products to improve their lives and keep some agriculture stuff in their home to eat on because they always know that the government is not to be trusted and that is why they don't rely on government.
Although I agree with some of your points, I wouldn't really go as far as saying that farmers are the ones having many benefits with the conditions of food supply and price hikes at all. At least in my country, farmers are having such a difficult time as they are having less and less financial resources to buy their tools and essentials to plant and farm more. Essentially, like us, they are also facing the hike of prices with their needs for their work and thus it affects the supply of the food they produce that causes a price hike on their goods which then results in less and less sales. Aside from having fewer sales they also have to think about the danger of their products rotting and spoiling which will be another loss for them.
1120  Economy / Gambling discussion / Re: [Boxing]: Stevenson vs De Los Santos - Nov 16 on: September 14, 2023, 11:59:21 PM
I'm still for Stevenson on this bout. He's still ahead against other guys on this division and De Los Santos isn't even close to the closest second when it comes to speed and power. Stevenson might not make quick work of the challenger, but he's still going to come out on top in terms of scores and knock downs if it ever goes the distance.

A bet on a knockout will be the most value here. ML is just straight up favoring Stevenson no matter where you will look once the odds are up.
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