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1141  Economy / Economics / Re: Social media, now looking more for business than for socializing. on: February 19, 2023, 08:12:20 PM
Do you think social media is now becoming more a place for business than socializing, Could it be as a result of digitalization and things moving online or more people now starting business online because of need to somehow generate income or another source of income for self to survive the economic situations which is becoming tougher?


I think it's only fair, most businesses are made through socialization anyway so the point stands that businesses belong in these sites, although what I hate most about this shift of focus is the fact that these sites focus more on monetization rather than the overall user experience. Take facebook for example. The app rarely ever offers bug fixes for most of its notorious bugs and issues, heck, an issue that went on after one of their massive site changes are still present today pestering the daily lives of everyone who wants to look at other people's posts, and yet sponsored ads, advertisements of all kinds run rampant in the site like dogs in a festival. If only they made it so that the user experience is taken seriously as much as the business aspect of the site does.
1142  Bitcoin / Bitcoin Discussion / Re: What's your reasons for holding bitcoins? on: February 19, 2023, 07:25:28 PM
I heard people keep saying don't sell when the price rise a little, or when it starts dropping! I don't get, why are you holding it for long? As long as am concerns is just a matter what you want, long term or short term. Bitcoin is not your Goldsmith or some banks you build at home that you can control anytime you like.

To me bitcoin is there to gives you money when you're satisfied to take the money or take your if can't wait when is dropping. I can't hold for too long is personal or I will never take investment in a short is till personal.

Whether you hold or not what will happen in bitcoin will still happens, is good to hold but too long hell no, because am not the future, future is expectations real life is in the present.

My questions is people keeping bitcoin for too long and begins to hear story?
What's the secret that's different from taking profit?
Is that long term bitcoin don't experience losses?
Basically the promise of greater yields and the fact that it's your little but effective effort at ensuring that bitcoin doesn't die during these down times. Bitcoin may seem invincible nowadays but if everyone or a good majority of the people who held it sold it, the whole cryptocurrency industry will crash to the ground along with it. That in itself is one of the biggest reasons why someone would hold on their bitcoins no matter the situation. Some also hold because they already tanked significant losses and selling their coins will only make their losses even worse because then they wouldn't have nothing to depend upon anymore, especially when bitcoin recovers and increases in price. So a plethora of reasons really.
1143  Economy / Economics / Re: Monthly or weekly pay? Fixed or percentage earning? what is your prefrence. on: February 19, 2023, 06:03:53 PM
There are pros and cons to both. Incidentally, most people who have been accustomed to the pay nature of a regular 9-5 would prefer the consistent pay compared to percentage earnings. For reference I listed down the pros and cons of each options, and why they both appeal to the public.

Weekly Pay Pros
  • Consistent dependable pay
Weekly Pay Cons
  • Insinuates the habit of spending, since "you can always depend on next week's pay anyway"
  • Will activate a positive feedback cycle on your psyche that will disable you from every being able to save money
  • Is mostly used by corporations to trap their employees to live paycheck to paycheck

Monthly Pay Pros
  • Large enough to encourage spending
  • Inspires the habit of saving money

Monthly Pay Cons
  • Is not as dependable as a weekly paycheck
  • Will probably not work for first-time employees since they heavily depend on a consistent and regular pay

Fixed Pay Grade Pros
  • Salary deductions are easily trackable
  • dependable and regular

Fixed Pay Cons
  • No opportunity for growth, since salary will stay the same throughout your career
  • Is unreliable against inflation

Percentage/Commission Pay Pros
  • High enough to help you save
  • Is probably the best way to get paid

Percentage/Commission Pay Cons
  • Highly dependent upon one's efforts and sales skills
  • Not as reliable as fixed salary, lack of sales means lack of pay

In any case, As a freelancer I would remain choosing commissions-based pay, since with consistent effort and trust from your clients, you can easily make a living and have savings to boot in this industry, however, it is something that I would not recommend for everyone, especially ones that seek to be employed in order to pay off debts, get by on a daily basis, or to support their families. It is not reliable enough to perform and offer all those three, plus it takes experience and some confidence to break away from the 9-5 cycle in order to be successful here. So I suggest people who aspire to freelance to gather up experience and years first, before jumping into this industry, and wishing for commission-based payments.
1144  Economy / Economics / Re: No petrol/diesel car sales by 2035/ Reality or dream? on: February 19, 2023, 05:16:06 PM
Many governments are moving to push hard to reduce sales of diesel and petrol cars, the European Parliament has officially approved a law banning the sale of new petrol and diesel cars in the EU from 2035

Quote
The landmark law will require carmakers to cut down CO2 emissions by 100 percent.
The 100 percent cut in CO2 emissions from new cars sold would make it impossible to sell petrol or diesel-powered cars in the 27-country bloc. The law that comes into effect in phases that will require a 55 percent cut in CO2 emissions for new cars starting 2030, which is a much higher target in comparison to the current 37.5 percent.

Source ---> https://timesofindia.indiatimes.com/auto/electric-cars/no-petrol/diesel-car-sales-by-2035-european-parliament-approves-ban/articleshow/97939363.cms

Some reports indicate that the costs of running an electric car are actually lower than the costs of running a car with an internal combustion engine.
So, will this goal be achieved by the year 2035? Will the cars be more efficient and at a good price compared to current prices, or is it a policy that may take decades?
If that is true then that only means that most governing bodies in the world are moving towards a gasless and more electric society. This could definitely happen soon in first and second-world countries but third world countries will lag behind this progress. What's worse is that they could be the new focal point of the exploitation that oil tycoons enact upon the world right now, seeing as they couldn't choke the whole world as hard as they could in the past. They'd probably do something to prolong their obsolescence but then again it stands that they will not remain forever, much like the resources they claim as theirs and sell for jack-high prices. Anyways, I've read from a different article and a twitter post that this could most likely happen in 50 years or within 2050, I am not sure anymore because this was from a long time ago and I can't find the article for the life of me. In any case, future's looking bright for the world and provided that electric mobility is facilitated well, we could very much bid goodbye to gas powered vehicles.
1145  Bitcoin / Bitcoin Discussion / Re: Bahrainian Hotel accepts bitcoin Payment on: February 19, 2023, 04:33:37 PM
Nice to see larger establishments doing their part in hastening bitcoin's global adoption, but I do think it's also nice to have things take a slower path so the public could easily accept it. Judging how the general public hates NFTs and almost always portrays a caricature of it thanks to multiple money laundering schemes and scams arising from the industry. Don't get me wrong. Again, I think it's actually neat that more and more figures and entities are into crypto, it's even seen as a legitimate form of investment nowadays and not some laughingstock like it was back in 2010s. Anywho, I feel like I'm going off a tangent here but what I really mean is that there has to be a way to naturally sell bitcoin and cryptocurrencies to the public without them hating on it in the process. I've seen some people in here pitch really good methods, I think those should be done more often.
1146  Bitcoin / Bitcoin Discussion / Re: Bitcoin NFTs Challenge the Blockchain’s Largest Use Case: Money on: February 18, 2023, 11:34:47 PM
The article "Bitcoin NFTs Challenge the Blockchain’s Largest Use Case: Money" discusses the emergence of non-fungible tokens (NFTs) built on top of the Bitcoin blockchain. NFTs are unique digital assets that are verifiable on the blockchain and have gained popularity in the art and gaming industries.

The article argues that the rise of Bitcoin NFTs is challenging the blockchain's largest use case, which is money. Bitcoin was created as a decentralized digital currency, and its primary use case has been as a medium of exchange and store of value.

However, the emergence of NFTs on the Bitcoin blockchain is expanding its use cases beyond money, creating new opportunities for artists, musicians, and other content creators to monetize their work. With Bitcoin NFTs, creators can easily issue and sell unique digital assets and receive payments in Bitcoin.

While the article acknowledges that Bitcoin NFTs are still in the early stages and face some challenges, such as scalability and high transaction fees, it highlights the potential of this new use case for the blockchain. Bitcoin NFTs could lead to the creation of new markets and revenue streams, challenging the traditional models of content creation and distribution.

Always link your article within the post so we can read it ourselves.

Anyways, I don't think it's posing any challenge at all. There's no clear path as to which these bitcoin NFTs go to, no marketplace, no galleries whatsoever, just people who wanted to try this concept out. I think it could be promising, provided that we do something about the almost always congested transaction processes in bitcoin's blockchain, but as it stands today, it's just barebones with no plans of ever completing anything in the first place.

And it's not like bitcoin NFTs are new or a very innovative concept. We have had bitcoin NFTs as early as 2014, so the concept isn't really that new in all sense of the word. Plus NFTs aren't really in a good place right now considering the fact that the concept is getting shat on on all social media sites. Bitcoin had enough flak already, it's not great for publicity.
1147  Other / Archival / Re: What is the easiest way to explain bitcoin to a regular person? on: February 18, 2023, 10:31:56 PM
Not really hard if you'd think about it. In all senses of the word bitcoin is basically just money with extra perks. So whenever an elderly person who's heard of it on the news or saw it on social media asks me about it, or maybe just someone who's not that familiar with bitcoin, I only ever tell them that it's like money, because well you can use it to buy stuff, you can save it, or you can exchange it for other currencies, just so happens that people love to play with it that's why the price is volatile and can go up and down ("playing with it" is a little too simplified and a bit of a stretch but it's an explanation you'd have to tell otherwise your credibility is at stake at this point). At this point, if they've listened intently, they would pretty much grasp the basic concept of bitcoin already and would stop bothering you with questions, unless they wanted to invest in it.
1148  Bitcoin / Bitcoin Discussion / Re: I asked - Which country is best suited to adopt Bitcoin in 2023? on: February 18, 2023, 04:41:17 PM
In my opinion, bigger countries should do so IF they will have the initiative. But what we are seeing are thirld world countries trying to engage simply because they are trying to benefit from this industry through taxation since this is becoming more popular to people. On the contrary, bigger countries are taking bigger mesure to do such thing because of the risks involved although they are more likely to be able to stand against market price volatility in this technology. Little by little, adoption occurs through third party wallets but it costs bigger fees which simply shows that countries are not yet ready for mass adaptation. But we'd go there eventually and as progress continues.
The fact in itself that third world countries (Switzerland excluded) are the only ones actively making moves to help bitcoin be adopted faster globally is a little concerning, at least for me. But then again it's been proven that most of the time it's the impoverished countries who would benefit the most out of novel inventions and concepts so I understand why they are hastily adopting bitcoin. In any case, bitcoin adoption is a little bit impossible to happen in developed companies because, well, they are developed and do not need the value of bitcoin, since their currency alone is powerful enough to shoulder their whole economy, This could change in the future though as you have said, when a rally of countries move towards the globalization of bitcoin.
1149  Bitcoin / Bitcoin Discussion / Re: Advantage of holding Bitcoin in time of crisis on: February 18, 2023, 12:40:23 PM
The global economy is facing a crisis of inflation and other internal financial crisis, such as what we are witnessing right now with recent bad occurrences around the world in Turkey and Syria a lot of people have been mad homeless and government infrastructures such as banks have been destroyed as a result of the earthquake and other natural and man made disasters that has happened in various regions.
Bitcoin is the best alternative way to save money, with Bitcoin you have control over your savings because it's your wallet and your key and you are your banks!

Now imagine your wallet was at home on the first floor of a 15 stories high collapsed building!  Wink
Please do tell me how you would react if all your coins would be there or on a laptop that has been crashed by the rubble while the building collapsed.
Can we stop for a moment taking advantage of every tragedy to pump up bitcoin, just a thought, nothing special, you know, maybe not using the death fo 30 000 people and counting for personal gains and ego.


Agreed. Not to sound like a pessimist or what but it just sucks that oftentimes people leverage unfortunate events like these to insinuate anything crypto-related for their own gain. Maybe let the people grieve? Nevermind it being bitcoin-related or whatever, just the fact that lives are lost and properties are damaged, and these people sees opportunities to turn it into some upsell for crypto doesn't sit right with me. Although I get it, some will inevitable turn to bitcoin for things like these but it doesn't warrant bitcoin supporters to force their toxic ideologies over those who suffered.

On the bright side, I do see the opportunities that bitcoin could offer during untimely crises like these. But I doubt that will be the first of your concern especially when blood is shed and more than your savings are in jeopardy. Oh well, I hope I didn't sound so cynical.
1150  Bitcoin / Bitcoin Discussion / Re: Mining Bitcoin on: February 18, 2023, 10:55:14 AM
Most cloud mining platforms offer "profitable" mining opportunities due to the amount of pooled computing power they possess. If I'm not mistaken there's this one bitcoin mining pool named F2Pool that offers the biggest realistic profits for a cloud mining platform, everything else I feel skeptical about.

As for hardware mining, it's mostly dependent on how good your mining rig is. If you have a large and powerful computing power, you're pretty much guaranteed to a profitable mining journey, although that requires you dishing out thousands of dollars nowadays because bitcoins are becoming more and more scarce by the day, and it will definitely get harder to mine those bitcoins in the future.
1151  Economy / Economics / Re: What will you do if bitcoin crash? on: February 17, 2023, 09:08:27 PM
Surely it would suck, But I know better than to invest my life savings on something as volatile as crypto. Bitcoin has been a great part of my life and if not for it I wouldn't be where I am at today, but if it does crash tomorrow? I think I'd be good. I'm skillful, I don't invest anything that I couldn't afford losing, and I have enough savings to boot that will help me get by for the next couple years. That said I surely hope it doesn't crash to the ground. Just that being ready for it is something that cryptocurrency investors should be practicing because bitcoin won't be here forever, well technically it could but something in the future that is so much better and more powerful will succeed it. That I know for sure.
1152  Economy / Gambling discussion / Re: [Boxing] Stephen Fulton vs. Naoya Inoue - WBC and WBO 122 lbs bout - May on: February 17, 2023, 08:18:33 PM
We might only see a TKO victory from either side if they will go toe to toe, Fulton is actually pretty good too, he's quick and has a good footwork and head movements. They are both fast and agile, the only thing i see that separates this two is Inoue's punching power, just like what you said he's a heavy hitter. This is the fight that Fulton will surely be careful about defensively, coz his opponent this time could KO him anytime through combination of body punches or a hard straight jab to the face.
I would be thrilled to see a toe-to-toe fight between Inoue and Foltun as well. Inoue is known for his aggressive style and devastating power, and it would be exciting to see if Foltun can withstand his punches and respond with his own. Inoue has a large and passionate fan base due to his exciting fights and impressive skill set, and many fans are eagerly anticipating this matchup as another opportunity for Inoue to showcase his talent.
From what I've heard about Fulton, he's pretty much like a brick wall that could punch you back hard, Inoue will probably have a hard time knocking him out cold but Inoue as always is welcome to surprise me. On the other hand, Inoue as you said is one devastating fighter that packs a punch and pairs it with great speed. Everything will be a speculation until the fight proper, but if I were to guess I'd still be putting my bets on Inoue, mans was really moving up the weight classes like he's Manny Pacquiao or something lmao. In any case, I'm pretty sure they'd put up a good fight that we will properly enjoy. Fulton might need some improvements in his boxing to effectively beat Inoue because no way that guy's going to allow himself to be beat.
1153  Bitcoin / Bitcoin Discussion / Re: It is ok to sell your Bitcoin. on: February 15, 2023, 10:52:43 PM
Selling is bad, because when you sell BTC, you have less BTC and your ability to fuck the state diminishes.
It makes you more of a slave, it makes you weak and powerless.
Ahh, how I envy the naive.

But seriously though, whatever you think of bitcoin, especially those that make you think it's the coin of the revolution, or anything under that regard, forget about it.

Bitcoin is great because it's decentralized and encrypted, and that's good because as you have said, "it fucks the state". However, bitcoin also thrives in the same boat as capitalism, so in totality, without capitalism, or at least without an ideology that supports the production of something, and then completely owning it and thriving from it, we wouldn't have the stocks, and in adjacent bitcoin.

Besides, bitcoin in its best state is good as a store of value, if you want it to be used as a currency I'm sorry but the ship has sailed.

Footnote: "the ability to fuck the state" is the least of your worries when you find out that your money's being drained by the highs and lows of the market and you're risking starvation. Not everyone is as privileged as you are to think of "fucking the state" when they first bought bitcoin. If you can't wrap your head around the fact that bitcoin is as capitalistic as anything basically is, at least have some compassion for the people who thought of bitcoin as a way to earn extra money.
1154  Bitcoin / Bitcoin Discussion / Re: Bitcoin (food for table) on: February 15, 2023, 09:49:29 PM
Not a financial advice but I always say, if you could have time spent to learn bitcoin and how to trade you can afford to squeeze in a few hours of your day to learn a new profitable craft. Just as with investments, you can't put all your eggs in one basket. You just might lose everything and you won't have any means of recovery because as it stands today, you only ever knew how to trade bitcoin and nothing else. Toss in a few writing lessons or maybe even apply for work full time to not only bring food to the table but to also fund your portfolio at the same time. It doesn't hurt to have another source of income especially in the state of things today when goods and commodities only get more and more expensive whilst salaries stay stagnant.
1155  Bitcoin / Bitcoin Discussion / Re: Signs of a better year for btc investors on: February 15, 2023, 09:07:55 PM

Just hoping we all can hodl up more longer maybe 2023 has something special it has to offer #keephodling
I personally think the uptrend we have been seeing in the price of bitcoin is a preparation for what is to come in 2024, we all know that we have a bitcoin halving coming up next year and if bitcoin will keep to its bull run circle like before, then a bull run is expected next year, this is probably the reason why investors are currently buying bitcoin and holding in anticipation for next year.

But by the way, thanks for the advice, I hope those who are not yet holding bitcoin would listen.
I think so too. This couldn't be the bull run we are all waiting for, I mean it's too early for me. Predictions say there's at least a year more or so for us to fully prepare for the surefire bull run that will commence following the halving, but I guess making money whilst getting there isn't so bad as well. Thus far 2023 has been very good to bitcoin. The Russo-Ukrainian War is simmering down to their last few skirmishes, the economy is slowly recovering following multiple efforts to stabilize it, and more few things that have happened globally all lead to a very positive result for bitcoin and most assets as well for that matter. I just hope this carries on until 2024 when bitcoin's sure to increase in value courtesy of the halving happening sometime during that particular year.
1156  Economy / Gambling discussion / Re: Chasing losses - Double down bet or Bet twice? on: February 15, 2023, 05:17:33 PM
Why not double down on your losses and save yourself the time and the disappointment? Kiddings aside however, I think you have a greater chance at winning your bets if you spread your money on more bets, especially if you're looking to recover losses from a prior run. That being said, it still doesn't guarantee that you'd get something out of the bets you made, regardless of how spread out each of your bets are. At the end of the day, especially when it comes to games that are based on the luck of the user, we're at the mercy of the casino and we can't do anything about it, so best to just have fun while playing and don't go beyond your means so as to not incur a loss that you cannot recover from.
1157  Bitcoin / Bitcoin Discussion / Re: Know your limit on: February 15, 2023, 04:26:13 PM
Knowing how far you can go in this industry is paramount. Wins are wins regardless of how big they are. Losses on the other hand are more destructive the harder it is to recover from them. To that regard one must ensure that the losses they would incur in the future are of the manageable kind, because just like what happened with your friend OP, that spells great doom mentally and socially for him, the fact that he couldn't pay and is practically at everyone's mercy and pity now because he doesn't even have money to buy essential stuff like food is just something that my prideful ass wouldn't be able to take. In any case, take every wins you can get, forget being greedy and always put your losses at a manageable rate. Recovery is very important in this industry. That's what separates the good investors from the bad ones.
1158  Economy / Economics / Re: Is bitcoin inflation wilder than fiat? on: February 14, 2023, 10:49:07 PM
For one, bitcoin isn't inflationary. The coin's value is deflationary by means of supply cut every now and then. Get your facts straight. Another, one, bitcoin is volatile, USD isn't. So that alone should give you an idea that Bitcoin's valuation doesn't give a damn about whatever USD's valuation is. Most countries as well wouldn't choose bitcoin to be their national currency even if it's the last thing they'd have to do to get to heaven. It's volatility rate's not worth the huge potential for profit it could bring, plus bitcoin's supply's limited, no way it can cater to a large population let alone multiple country's worth if used as.a bona fide transaction currency. One last thing, bitcoin's market is different from fiat's. Therefore no direct impact against the other is expected.
1159  Bitcoin / Bitcoin Discussion / Re: Helped my neighbor to purchase some Bitcoins on: February 14, 2023, 10:09:13 PM
When it comes to educating someone about crypto, it's very important that you let them know of the dangers that come with investing in this volatile market. Props to you for never missing that. It's more important being upfront about it and saving yourself of the trouble and the blame when shit hits the fan and he loses a considerable amount of money through investing than you keeping the truth from him just to reel him into the industry. In any case, since I reckon you're a seasoned trader, I suggest you help him as well with the ins and outs of investing so he could get himself a reliable mentor.
If they heard crypto through the sources that you listed, then what is the difference of it from us when I think all of us do also started like that. Like me for example, I heard crypto through a friend but that didn't convinced me at first. I then saw it again on an ad online and that is the time I made a move to research and try it. But, sorry because I think your response about Bitcoin to your friend is wrong.

You shouldn't say that it was high risk because how can we encourage more people to join at it? Bitcoin is actually the most safest crypto because its value can always recover and it is decentralized so we are sure that no people behind it will pull the plug and scam the investors but I like the rest of your advice.
I get where you're coming from but to me this doesn't look like fearmongering at all. If anything I'd do the same thing as him because first and foremost, you don't wanna lie on your friends let alone over money. Second, that sets his expectations up so he doesn't get any idea that bitcoin or investing for that matter is all rainbows and butterflies and winning huge sums of money over trading. There's a huge risk with money on the line here, it's just fair that you know what you're getting yourself into, pronto.
1160  Economy / Gambling discussion / Re: Gamblers theory on BEGINNERS LUCK. on: February 14, 2023, 09:09:59 PM
I assume most gamblers are aware of the saying. The popular theory on beginners luck. But to some extent most people don't believe that their is such thing as beginners luck. I certainly to some extent believe on this because i experienced mine in the first time i tried dog racing in a local casino house am gambling with. I had a massive win of about of 800$ at my first stake on dog number 4 which was having a high odd for them winning and i was very happy but the cashier told me "you just had beginners luck ".
    But my second thoughts on this was that, its like a trap set for newcomers into the gambling world  Grin . Some gamblers certainly get overwhelmed by the first time win and go all in the habit of gambling.
So whats your take on this guys
Although I myself experienced beginner's luck a few times too many. I know there's no scientific basis as to how this works, or if it's even real in the first place or some sort of placebo effect we play with our brains. I do have an inference regarding this phenomenon however. I believe that for certain types of games, especially those that would at least require some sort of confidence at play to bag wins, you have this "I have nothing to lose anyway cause I'm just learning the ropes" mindset which amps your confidence and therefore your chances of winning. As for luck-based games however, I believe solidly that some casinos reel in their new customers by giving them a few wins in their first few plays to make them think that they have a considerable edge against the house, now as soon as the system detects that they have played one too many games, it starts to show true edges to give the house its profits. I do not know nor do I have any evidence to prove that these inferences are real, sadly. But that is just my two cents regarding the phenomena
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