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121  Economy / Economics / Re: Economic Implications of War on Individuals on: December 30, 2023, 04:27:29 PM
I hate wars. I hate conflicts. Both they are almost unavailable. Wars and conflicts disrupts lives. It kills people - men, women, babies. Businesses are shot down. Schools are shot down. Boys become father's and look after their moms and siblings because their father has gone to war. Daughters become mothers and have to care for their siblings because they lose their mothers to war. Children with perfectly normal lives become refugees

Wars and conflicts doesn't give you the time to plan. It happens fast and it happens suddenly. It comes with a huge economic cost. And for us in the cryptocurrency, we are not exempted too. If you are a miner, your mining operation is affected because if you are caught up in the conflict, you have to abandon it and flee so that you do not get killed.

I am deeply saddened by these wars. I am not taking sides because there are human causalities in both sides.

- do you have any survival tips during war period?
- are there any business that I can do during a period of war so as to sustain my family? Can I still budget, save and earn in Bitcoin?
- What is the economic impacts on individuals with families and how do I sustain them during war period.
I don't fully understand this. But in my current environment as a village person here, most of us grow crops (farming) even though prices are always changing and even not selling well in the market, at least we and our families can eat it and even share it with local residents who want to take it. So if it is possible to make money and even save money, we do it. And if not, at least we can utilize it. (All we do with makeshift facilities, and many alternatives that we use)
122  Economy / Economics / Re: The steps to follow in creating a budget on: December 30, 2023, 04:04:46 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.
123  Economy / Economics / Re: Business failure among small-scale entrepreneurs on: December 29, 2023, 02:38:49 AM
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.

That's right, if you also have a position as a trader, you will also do this to look after consumers and provide the best service for them. Now talking about sales target analysis as stated by @Davian144, in my opinion, you will also do the same thing, of course apart from analyzing what items you need every day, don't run out of them, you will also monitor the items that are selling the most and the highest What is the demand now and is trending and is being popular with buyers, automatically you as a shop owner will stock the requested goods in sufficient quantities because it is based on calculating the quantity demanded of the goods themselves.
Yes, I agree with that opinion. Good and wise management must be implemented to satisfy customers and potential customers. Satisfying them is the key to success in a business, besides monitoring market trends and demands is also very important so that stock items can be adjusted to their needs.

_cut_
Yes, I think collecting customer data is also very helpful in understanding specific customer needs and preferences. I think with today's technology there are many platforms that provide analysis services for sales targeting. There are many other initiatives that can help build better relationships between companies and customers to create benefits for both parties.
Many things are helping businesses these days and it is irrespective of whether it is a big or small business when it is well planned and actualized, it will work fine. For example, marketing is very vital for the success of any business and the more you market, the better, but it must be marketed at the right places so that it reaches the right targeted audiences. This takes me to the customer data, it is good to have it, for example, having an email list or social media list of customers is a very good one, this is what will help the business to propagate new products/services, advertise promos and all that. While some will create their own group where interested people will be able to subscribe for new information about products and services.

All these help businesses grow so well these days. But one must be able to have a good relationship with their customers as well, and on top of that, a top-notch service is important. The last point is so crucial because it is a different thing you know or attract customers, but it is another thing to keep the customer with you. So, a very good customer relationship and quality service delivery are very important. If a customer is so satisfied with you, I wonder why they will not think of you next time and even tell people about you as well. Because of this, the business keeps running fine and growing as well. Also, capital is very good here, money is so needed for many things, which includes, for the products and service delivery, raw materials in some cases and even human power to say the least. Sadly, small businesses often die due to lack of this.
I also agree with your response that establishing good relationships with customers, proper marketing and providing quality services are also key to the success and success of a business. However, I would emphasize that managing capital wisely is important for business sustainability, especially for small businesses.
124  Economy / Economics / Re: Business failure among small-scale entrepreneurs on: December 27, 2023, 05:54:26 PM
Yes, I think collecting customer data is also very helpful in understanding specific customer needs and preferences. I think with today's technology there are many platforms that provide analysis services for sales targeting. There are many other initiatives that can help build better relationships between companies and customers to create benefits for both parties.
Now almost all business people can provide better service to each of their customers, both in providing goods and also in meeting the needs of each customer who comes to their place directly. Because when stocks and goods that are frequently needed start to run low or run out, business owners can immediately make another order or record it first before ordering again in large quantities. Meanwhile, for targeting sales analysis, this can continue to be done by looking at certain environmental conditions and certain groups of people who often need certain goods every day.
It seems that you really understand the needs of this community, steps such as stock management that you describe are very helpful in the sustainability of a business. Because I think if everything is not managed well 90% of undesirable things can happen such as customer loss and so on.
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.
125  Economy / Economics / Re: Business failure among small-scale entrepreneurs on: December 27, 2023, 03:28:26 PM
The business world has become very competitive and in order to remain alive in the business for a long time, a business owner needs to be very proficient in many things, hard working, smart enough, financial capable and always keep his/her eyes on the customers.

There are two very important elements that are crucial in running successfully any business. First is the strong business idea and the second one is all about marketing and management skills to be able to keep customers/clients interested in your business. If you are thinking of starting a business, it is good to have a strong business plan that includes all the necessary aspects of your business such as: market research, competition analysis, finances, marketing plan etc. To increase the chances of your business succeeding, you need to ensure that you are constantly updated with current business trends, educated enough to know all the possible market shifts and you must be able to make most informed decisions.
That's a good percentage, I think entrepreneurs should master what you say, and if not, maybe the opposite will happen because I see a lot of entrepreneurs who can't maintain their business any longer, for that reason now customers are smarter in sorting and choosing the right products. They want it, especially in this modern era, to be more transparent, even regarding prices.
being transparent is indeed one of the thing many people sought after these days, i remember back then being reseller was quiteeasy thing to do basically just set up some amazon account and we're set, nowadays people like to make some research about the price of their product even go as far as researching the price of certain goods from aliexpress, the behaviour of customers nowadays are definitely changing and a businessman we should be well versed in these things and kept on adapting towards the changing of customer behaviour.
there's also reason why so many companies out there collecting data about their customer because they want to know whats best for their customer and the thing that piqued their interests.
everything is based on customer these day even go as far as creating personalized recommendation for the customers.
Yes, I think collecting customer data is also very helpful in understanding specific customer needs and preferences. I think with today's technology there are many platforms that provide analysis services for sales targeting. There are many other initiatives that can help build better relationships between companies and customers to create benefits for both parties.
126  Economy / Speculation / Re: Timely Halving Event and Bitcoin ETF a Positive Bombshell on: December 21, 2023, 06:28:08 PM
However, Bitcoin halving events have a weakening effect with each cycle, so Bitcoin ETFs have a larger impact on BTC than "halving" events when accounting for inflows and outflows.
I beg to differ but it's always halving that has the huge impact for Bitcoin's price increase. The contribution of miners and the effects of the rewards that's been halved on them are just few of the many factors that can make the price and demand higher. I think with that weak effect that you're saying is based on the price reaction of Bitcoin. Like what we have on 2016-2017 and then 2018-2021. The difference are greatly far from each other but let's just take that the effect was there and no doubt that halving has always been impactful regardless whether there's another hype or contributor from factors like ETF and from the financial institutions.
Your opinion about the impact of the halving on the increase in Bitcoin prices is quite reasonable. Bitcoin prices are also influenced by several factors including market sentiment, adoption of blockchain technology and perhaps many more. Regulations in various countries are also a significant factor that can influence prices. Additionally, developments in blockchain technology and new projects bringing innovation can also influence the perception and value of bitcoin.
127  Economy / Economics / Re: Business failure among small-scale entrepreneurs on: December 21, 2023, 06:13:08 PM
The business world has become very competitive and in order to remain alive in the business for a long time, a business owner needs to be very proficient in many things, hard working, smart enough, financial capable and always keep his/her eyes on the customers.

There are two very important elements that are crucial in running successfully any business. First is the strong business idea and the second one is all about marketing and management skills to be able to keep customers/clients interested in your business. If you are thinking of starting a business, it is good to have a strong business plan that includes all the necessary aspects of your business such as: market research, competition analysis, finances, marketing plan etc. To increase the chances of your business succeeding, you need to ensure that you are constantly updated with current business trends, educated enough to know all the possible market shifts and you must be able to make most informed decisions.
That's a good percentage, I think entrepreneurs should master what you say, and if not, maybe the opposite will happen because I see a lot of entrepreneurs who can't maintain their business any longer, for that reason now customers are smarter in sorting and choosing the right products. They want it, especially in this modern era, to be more transparent, even regarding prices.
128  Economy / Economics / Re: Would you rather start/grow a business from scratch or buy an existing business? on: December 21, 2023, 06:04:16 PM
If possible, I will buy an existing business, because a business that is run from scratch will be harder to run, and requires more time, thought and capital. Maybe by buying an existing business and even running it, the results will definitely be stable.
129  Economy / Economics / Re: The economics of war. How does this affect us all especially us in crypto? on: December 21, 2023, 05:58:07 PM
Another would be the fact that this could easily mean that crypto would stop being used and updated since everyone's just so busy killing themselves over something trivial.
stress can cause something like that. In today's world, many people have difficulty living their daily lives and there are many factors that influence all of that, however there is still the best solution to living a better life, don't waste this hot life because there is still life after death (for believer)
130  Economy / Economics / Re: Are fast-fashion shopping apps hurting local economy? on: December 21, 2023, 05:45:33 PM

Should the country tax those shopping sites if they hurt the local economy?

I don't really see them hurting the local economy but people today prefer them since it's more convenient already since the covid, they are the ones serving the public. And they have cheap prices too which even if they hurt the local economy, they will not hurt the pockets of the shoppers.
Yes, I agree with the term "the buyer is king" indeed if we are sellers we should serve consumers who will make purchases as comfortably and safely as possible, they are the ones who decide, not us. So I think we as sellers have to be more observant and tenacious in responding to market demand.
131  Economy / Economics / Re: Crisis everywhere it's time to come together and unite on: December 21, 2023, 05:40:16 PM
Times like this it's time to join and unite together
So what is the next innovative business we should do ?

There are many promising and profitable businesses, since I have been here for a long time, I have read about business ideas, maybe you have also come across an advertisement containing a business, but I think there are indeed many innovative businesses that are extraordinary, so many people sometimes think where to start?
And this collaboration should be built early on and perhaps it will create an opportunity to make money. In essence, I always increase relationships to make things easier in the business world.
132  Economy / Speculation / Re: Whats your thought on: December 19, 2023, 03:57:32 PM
I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"
The increase in bitcoin prices can be influenced by several factors that you mentioned. Regarding this pump it could have an impact on the cryptocurrency market as a whole by increasing investor interest and participation. However, usually the crypto market is aggressive and rapid price increases can also be followed by significant declines. Before I continue, I always do research first before deciding on the final stage.
133  Economy / Speculation / Re: Why Is Bitcoin Price Increasing? on: December 18, 2023, 06:25:11 AM
I say it's recovering from its prior losses, no thanks to spacex's sale of their bitcoin holdings for some reason. Add to that the fact that the price of bitcoin is slowly recovering from the anticipation of the people to the upcoming halving for next year as we are coming ever closer to 2024, and you get this slow price increase that we're having right now. It's not enough to push the people's hearts into actually investing, but the movements are more than enough to recover the lost confidence from prior months when the bear market came through.
Yes, I think so, indeed people's confidence in the current movement may be enough to restore their confidence when the market is bearish. But I'm still half anticipating what future price increases will bring.

For now there may not be any reasonable bear that could take us back to anything less than $40,000 till next year halving is completely achieved and we keep moving forward from there onwards, the bitcoin price will always increases because there's always an increase in the bitcoin value, what the people want and appreciate alot will yield an increasing demands and and this alone will cause an increase in price, we should watch out on what next bitcoin all time high may be after this next halving.
Perhaps I can conclude that the current price recovery is influenced by many factors including the sell off in bitcoin prices with a slow recovery in bitcoin prices and the recovery of confidence after the sale of bitcoin holdings. Some people may see it as a positive sign and the price increase may restore a small part of public confidence in bitcoin price developments.
However, I think it is possible that prices will remain stable.
134  Other / Beginners & Help / Re: [Merit] Share your best posts/threads with Fillippone to be merit assessed on: December 18, 2023, 05:38:39 AM

Round 1

Re: Bitcoin is King
Category : Opinion
Section : Bitcoin Discussion

Re: It's better to provide Quality and not Quantity...
Category : Opinion
Section : Beginners & Help

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

Re: Can Bitcoin be trusted?
Category : Opinion
Section :  Economics > Speculation

Re: The impact of war on global economy.
Category : Opinion
Section : Economics


Thank you very much!
135  Economy / Economics / Re: Learn to use DEBT in a proper way to create asset on: December 16, 2023, 02:57:40 PM
Having good debts are easy to establish when you have actual assets that the banks will see for you to use it as a collateral. But if you're starting from zero, it's not advisable to take loans and that's why even if the sole purpose is going to be for business or investments. You shouldn't do it.
Don't rush into the scene just because you see people telling that it's okay to have a good debt because it is for business, investment or buying an asset. Remember that there's an interest that you need to make, so you need to establish yourself first before making a good debt.
I admit that it is true that a business that starts from zero and immediately creates current debt will make us trapped, because all businesses, even though they have been running for a long time, in reality income cannot be predicted accurately moreover, new businesses that start from scratch will usually have mental difficulties. Keep in mind that there will definitely be interest every month even if the business is not running smoothly.
136  Economy / Economics / Re: We need higher wages off course but goverment need to do one thing on: December 16, 2023, 02:33:18 PM
Quote
What the government needs to do is to make the prices of things lower so that the citizens can afford them.
even though the price goes down, I don't think it applies if I don't have money, and conversely, if I have a lot of money, whatever the price, I will definitely buy it.
137  Economy / Speculation / Re: Why Is Bitcoin Price Increasing? on: December 15, 2023, 05:43:31 PM
It's like your saying that whenever the price of Bitcoin surges, yes the demand is higher and when it's down then it's lower.

That's a typical and generic thing that we can say when there's such movement in the market but it is not wrong as well. But there should be a main reason why there's a surge.

Like a news where it always drives the prices up or down depending on what kind of news is that.
Yes, it is true that news often influences bitcoin price movements. For example, when good news appears such as the endorsement of a well-known company, Bitcoin prices tend to rise due to increased investor interest and confidence. On the other hand, bad news such as tight regulations or security problems can cause prices to fall because they cause worry and investors will usually postpone.
138  Economy / Speculation / Re: Why Is Bitcoin Price Increasing? on: December 15, 2023, 05:07:07 PM
I say it's recovering from its prior losses, no thanks to spacex's sale of their bitcoin holdings for some reason. Add to that the fact that the price of bitcoin is slowly recovering from the anticipation of the people to the upcoming halving for next year as we are coming ever closer to 2024, and you get this slow price increase that we're having right now. It's not enough to push the people's hearts into actually investing, but the movements are more than enough to recover the lost confidence from prior months when the bear market came through.
Yes, I think so, indeed people's confidence in the current movement may be enough to restore their confidence when the market is bearish. But I'm still half anticipating what future price increases will bring.
139  Economy / Economics / Re: The power of investment choices on: December 12, 2023, 03:52:57 PM
~snip~
Can you happily conclude from everything we discussed?
Because I don't understand the important points you convey.
Let's just put it this way about being skilled in choosing investments and minimizing potential losses that we can have. And about risks, as you've pointed out, we're dealing with it daily and no one can skip it even in the littlest way that we do in life. While people think that they're scared of taking it, little did they know that with their activities in their lives, they've got experience already on taking it.

Moreover, I'm still a layman here.
Same as me I'd say.  Grin
Ok, I'm responding to this, that what you are saying is probably like this: the point is that I have to go through this without fear of failure and learn from a failure that I experienced.

If my statement is inaccurate, please correct it
140  Economy / Economics / Re: The power of investment choices on: December 10, 2023, 03:15:05 PM
Yes indeed if I was skilled I might know what I was going to do and would probably really minimize losses and even luck would be on my side.
Well, everyone's going to minimize their losses if we're skilled enough but everything that we're obtaining is going to help us with all of these choices that we make in investing whether it's in crypto or any other markets that are also moving with high volatile.

And it is true that risks definitely exist in whatever assets we choose and invest in. Even in everyday life, risks still exist as if they cannot be avoided.
That's one thing that every investor and even the speculators need to know. Risks are everywhere and we're always with it, so if someone who's afraid to take it, he or she has to remember that we're dealing with it in our daily life.
Can you happily conclude from everything we discussed?
Because I don't understand the important points you convey. Moreover, I'm still a layman here.
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