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1221  Economy / Economics / Re: Can your passion lead to an increase in your net worth? on: July 23, 2023, 02:36:16 AM

The people in these stories followed their passion and created wealth through it. What is your opinion on following one's passion in relation to wealth? Can your passion lead to an increase in your net worth? If yes, what is stopping you from following it?
Indeed, success stories of Defossey and Sean Audet are impressive and can serve as motivation for new entrepreneurs to follow their passion and create wealth. However, it is important to note that passion alone is not sufficient , there are numerous other factors those play crucial role in growth of business. Among these elements, conducting through marketing research, fostering innovation and creativity, customer appeal of your products or services ,as well as providing excellent customer service are equally important in boosting sale revenues and building sustainable business.
1222  Economy / Economics / Re: How is financial stability defined for you? on: July 22, 2023, 07:05:22 AM
When talking of financial stability is something that can never be satisfied and quantified as a being we are we always strive to increase in our financial status regardless of how much we have made and how much keeps flowing and yet still carving for a better tomorrow. That is why today the richest man in Africa today never get satisfied with what he had rather keeps creating more opportunities to increase in his finance, at this we never say they are okay with they earned or what they got from their companies.

It is true that for some people, no matter how much they have in their possession, they continue striving for more and more. However, I believe, this trait is also  natural aspect  of some people who are never satisfied with their current achievement, this drive for expansion and growth is also seen in many successful entrepreneurs

In my opinion attaining the purpose of life is beyond materialistic success, enjoying family life by spending quality time, travelling all around the world and contributing for the welfare of society are equally important for a meaningful life.

1223  Bitcoin / Bitcoin Discussion / Re: How Sells or Buy influence the market value ? on: July 21, 2023, 04:12:49 PM

I have been hearing for a long time that large-scale of selling and buying Bitcoin has a big impact on the market. So now a question arasie in my mind that how this proccess manupulate  the market. I wanna know some details from you guys.
Thank you



If I am understanding you correctly, you are interested in understanding the concept of manipulation in all markets including Bitcoin. It is a common  belief that entities or individuals often referred as "Whales) with significant amount of funds can dictate or change the direction of market by making substantial buying and selling. The  primary motive behind such  actions is to make quick gains. This artificial movement of market is known as manipulation.

However, It is important to note that all significant buying or selling is not manipulation. There are many mega institutions who make huge buying for legit reasons, despite the fact that such buying can also potentially impact the market price of assets.
1224  Economy / Economics / Re: How is financial stability defined for you? on: July 21, 2023, 10:41:22 AM

        If your current financial is not able to provide everything you need and after that there is no money left, then it's time to think about it. I mean that you need to have money for the investment process. A person should have a financial cushion that can be used in unforeseen circumstances. Isn't it? It is required to look for additional sources of income that will contribute to this.

In deed, it is important to have some extra money for investment in asset like Bitcoin on regular basis, that can be crucial for achieving goal of financially stability in the long term. If your income is just enough to meet your basic needs of food and health care, then it is high time to consider developing skills to enhance your income. Exploring earning earning opportunities available on internet in IT and  ecommerce sectors can be significant step towards achieving this goal.
1225  Economy / Economics / Re: How is financial stability defined for you? on: July 21, 2023, 05:34:43 AM
How do you define financial stability for yourself? Do you believe that there's a thing as too much money? With what kind of income would you be satisfied and felt successful, at least in the sector of finances. Is it the more, the better?

Financial stability can be perceived differently by individuals, depending on their specific financial circumstances and responsibilities. From my perspective, financial stability means ability to meet your obligations and maintain reasonable standard of living without excessive financial pressure. Moreover, It is also essential for us to engage in social work and contribute for betterment of society, alongside finding fulfilment and purpose of life.

1226  Economy / Economics / Re: Food security in the world has been shaken by Russia's actions on: July 20, 2023, 03:28:36 PM
Food security in the world has been shaken by Russia's actions

This ongoing conflict between Ukraine and Russia has had profound impact on human lives worldwide and its ripple effects are of global concerns. One of the significant consequence is logistic issue, resulting in food and gas shortage not only in war zone but all over the world as Ukraine and Russia are major suppliers of food items and petroleum products.The severity of this situation can potentially trigger severe economic meltdown globally that concerns all of us..

In the light of these grave circumstances, it is imperative for world community to take decisive actions and make vigorous efforts to facilitate a  peaceful resolution to this conflict.

1227  Economy / Economics / Re: Population: Economic strength or weakness on: July 20, 2023, 12:28:26 PM

With regard to the question, there can be two ways: the first is good by encouraging citizens to increase offspring and reproduction, and the second is evil by trying to keep poor countries backward and spread wars and chaos so that young people in these countries are forced to emigrate and work in developed countries.


It is true that in countries with excessive population, if governments fail to effectively create employments for their youths because of short-sighted economic policies and corrupted autocratic system. Un-employed people may involve in criminal activities, a concerning situation may arise resulting in wide-spread hunger and country becomes unliveable. Consequently compelling people to migrate to developed countries for their survival and better prospects.
1228  Economy / Economics / Re: Population: Economic strength or weakness on: July 20, 2023, 02:01:22 AM
In a way population has an impact regarding the economic status of a country. However, it mostly comes down to the way government officials handles the overpopulation or underpopulation state of a nation. For example, countries like China and India shows that despite their known overpopulated country they are still able to boost their economic status, whereas other countries that are reaching peek overpopulation are simultaneously facing the problem of poverty.

I think population is not a sole factor to determine economic outcome of a country, there are other factors that play crucial role in shaping up the  economic trajectory of a country irrespective of population size, such as good governance, consistent and efficient economic management. Politicians often sell dream of prosperity to win elections, but achieving it requires more than just a large population. It is important for people to work hard with clear goals in mind, develop necessary skills and produce goods those not only meet local demand but also sellable in international markets to earn foreign exchange for the country. China and India serve as good examples that have mastered this strategy, earing foreign exchange through their export oriented  approaches. Achieving prosperity through exportable surplus is a successful economic model that other countries can follow in achieving their economic milestones for sustained growth and development.
1229  Economy / Economics / Re: Population: Economic strength or weakness on: July 19, 2023, 04:01:02 PM
The population could be a blessing or a curse. This depends on the leaders of the country we are talking about and the people therein.

If policies are not good enough, the higher the population, the more devasting it would be. Another thing about the population is about those people that form the population (the masses), if they are nonentities, then there is nothing much positive that would come out of it.

Forget about increasing or reducing the population, it doesn't work, they are just litmus test as far as I'm concerned and it has different results per country. Once the foundation/system is wrong, it's a problem, the country can't get it right with either increased or reduced population.

You have drawn an interesting perspective of relationship between population and prosperity of the people living in any specific country. It highlights an important  aspect of how the number of people in a nation can impact their overall prosperity and economic success.

China is a good example for debate on this topic, as it is most populous country with persistent highest GDP growth rate. The key factor to understand this phenomenon  lies in the wisdom and visionary approach of the leadership, effectively harnessing its population to enhance agricultural and industrial production that results in overall well being of the general public.
1230  Alternate cryptocurrencies / Altcoin Discussion / Re: Which cryptocurrency comes close to bitcoin? on: July 19, 2023, 02:04:21 AM
That doesn't make any sense. What do you exactly mean by "No more bitcoins"? because there will always be available bitcoin in the market. A world with zero BTC sellers is nonexistent.

You are absolutely correct that there will be always Bitcoin available in the market as long as new bitcoin are being mined and miners continue sell them in the market. Miner receive Bitcoin as reward for their mining efforts and they will continue receiving it  until 21 Million Bitcoins are mined. However, It is possible that there could be scarcity of Bitcoin in the market as the reward decreases overtime , potentially driving its price up. Despite this, there will be always individuals willing to sell their Bitcoins and book their profit, as long as there is demand for Bitcoins. Buying and selling activity is basic function of all type of markets including Bitcoin market . This activity will undoubtedly  continue in the future, as well.
1231  Economy / Economics / Re: Economic problem, why is fiat difficult to hold. on: July 18, 2023, 12:47:52 PM
Why is money at hand difficult to hold? I usually find it difficult to keep track of money anytime I have cash at hand, I make plans to hold money, but It never stays because something always demands the money, it is even so bad now that money kept in my account is also now being affected due to expenses. This is not something that happens to only me, I know that because of how money can easily be spent, many people now decide to avoid having cash, avoid taking ATM cards from their banks and also avoid activating USSD or internet banking, but is that really a long term solution? I blame myself a lot for spending so much and being irresponsible with money, but in your opinion, do you think that the soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?

Indeed, it is very challenging for many individuals to mange money effectively, you are not alone who is facing this issue. There are many personnel habits and societal influences, can make it difficult to hold on to money, such as, impulsive buying, lack of budgeting and emergencies. Despite all these issues, it is never too late start improving your finances by making monthly budget, setting saving goals, creating financial plan and implementing them wholeheartedly, you can work towards a healthier financial future.
1232  Bitcoin / Bitcoin Discussion / Re: Bitcoin: Bull/Bear Market Which Do you Prefer? on: July 18, 2023, 09:15:37 AM
Just like how sun and moon are both important for the universe to operate, similarly both Bull market and Bear market are a necessary part of the Bitcoin ecosystem.
Bear markets allows new investors to jump in the market and buy their favorite altcoin or Bitcoin at a discounted price.
Bull market shows the potential of the Cryptoverse and great returns those who trusted the market in bear run. They get rewarded for their patience.

It's a complete cycle and I love it. Smiley

Well said. You have made an interesting analogy between sun and moon and bull and bear markets in Bitcoin ecosystem. Both bear and bull are natural cycles of economy, and from investment  perspective, during bear market the sentiment is weak, hence it provides opportunity to accumulate Bitcoin at discounted price. On the other hand in bull market there is overall excitement in the market with significant influx of funds and prices tend to increase rapidly. it is the right time for long term investors to consider booking gains on their investments and wait for the significant drop in prices to start accumulating Bitcoin again.
1233  Economy / Economics / Re: Why is bitcoin pumping when the economy is heading into a recession? on: July 18, 2023, 02:20:06 AM
Markets move ahead of current news, quite alot of the market is speculation of future prices so if a recession does register today it has to be unexpected in some way or magnitude.

It is true that markets determine the future price of assets in anticipation of economic events including recession. Regarding how Bitcoin would react to economic meltdown situation, it is yet to seen as it has never faced such situation since its inception in 2009. I think people are compelled to sell anything they posses during economic hardship to fulfill their basic needs of food and healthcare.

I think individuals and institutions will continue investing in Bitcoin as recession is a remote possibility. The world community has learned valuable lessons from previous recessions. Central banks of the countries like Federal reserve (FED) has range of options and tools to mitigate the risk of recession or recession like situation.
1234  Economy / Economics / Re: Why is bitcoin pumping when the economy is heading into a recession? on: July 17, 2023, 03:05:30 PM
Gold has a finite supply because we can only mine the gold on earth and one day there won't be any gold to mine anymore this is why gold is considered an asserts, Bitcoin also has a finite supply as well so this assets can always be moving in an opposite direction of where the economy is heading. People are looking for where to invest their money and this assets are the best things for investment at the moment.

The recent pumps of the market is in response to the halving of Bitcoin reward that's been scheduled for 2024, since that's just next year investors are buying Bitcoin and this act will keep making the price to rise. The recession has nothing to do with the rise of bitcoin.

Indeed, Gold has infinite supply on earth and its mining will eventually become more challenging. It is also important to note that Gold has been used for centuries as medium of exchange, valued for its beauty and scarcity. In this perspective, it will be correct to assume that its value may potentially increase overtime. On the other hand Bitcoin also has limited supply, hence both Gold and Bitcoin are stores of value while Bitcoin has edge over Gold for fast and low transactions form one to another account.

The recent surge in crypto currencies market can be contributed to positive developments regrading spot ETFs, and downwards trend in inflation beside upcoming halving event in year 2024.
1235  Economy / Economics / Re: Why is bitcoin pumping when the economy is heading into a recession? on: July 17, 2023, 07:13:49 AM
When there are problems in the economy, people start looking for ways to keep their savings. Bitcoin has long shown that sooner or later the value of bitcoin recovers. That's the property of a protective asset. So people start buying bitcoin, and the price rises accordingly.

Indeed, Bitcoin is widely recognized as hedge against inflation due to its limited supply, that's why  Investment in Bitcoin is considered an attractive opportunity for transforming one's life. therefore, we should accumulate more Bitcoins,  Whenever it goes in significant dips. From a technical perspective, the current price of Bitcoin hovering around $30,257 is considerably higher than 21 days Moving average on technical chart. this is indicating  bullish sentiment, and if sustains this price for few few weeks, it is likely to surpass $31,600 which is a strong resistance.
1236  Bitcoin / Bitcoin Discussion / Re: Positive thoughts and attitude towards Bitcoin. on: July 17, 2023, 03:08:12 AM
Not only the OP's belief in the story mentioned, but I also personally really believe that one day we will take profits at the price of bitcoin surpassing the $10000 mark, our investment perspective as well as our knowledge of the field. This may be different, but the goal of accompanying the market to get profit should seriously maintain it. Really seeing so many FUDs popping up with bitcoin and crypto doesn't bother me, when I understand that investing is about accepting everything that will happen, and whether or not it's about finding a way to limit the risks to your investment where to invest.

It's great to hear that you strongly believe in Bitcoin's potential to surpass important psychological level of $100,000 and I highly appreciate your positive perspective on Bitcoin. Investing involves risks and fluctuations of market that comes with any kind of investment including crypto currencies. In order to navigate these challenges, it is better to take long term approach. By doing this, it can help to ride out short term market fluctuations and potentially capitalize on long term significant returns.
1237  Bitcoin / Bitcoin Discussion / Re: Positive thoughts and attitude towards Bitcoin. on: July 16, 2023, 08:19:54 AM
Nobody wants to talk about how hard it can be to hold Bitcoin, I was there when I had nothing and Bitcoin was my only hope, the only thing that's worth money at the time was Bitcoin, to spend it was like I no more had a future, I turned into something I was not, I started looking for means of making money without touching a penny from my Bitcoin and in the end I still lost everything.

If I had a job back then, my journey would have been a lot easier, I wouldn't starve myself so much, I would have easily buy more Bitcoin instead of starting another race with Airdrops and Faucets, it was not easy but I am still standing today.

Positive attitude and thoughts towards Bitcoin will work if you have other source of incomes and things that can occupy your time, things will work smoothly and there won't be anything to be worried about.

Your real life story and investment experience in Bitcoin are truly remarkable, specially considering the challenges you faced during  the unfavourable economic circumstances . You have set a good example for all Bitcoin investors, and  I must appreciate your patience and positive attitude during these hardships for continue holding your Bitcoin investment with strong faith in its ability to reward you significant returns and transform future of your family.
1238  Economy / Economics / Re: Look for what to invest, not what to eat on: July 15, 2023, 04:24:50 PM
Look for what to invest, not what to eat

Eating versus investing is a very interesting and thought provoking topic.In our world, there exists a large population that toils day and night merely to feed enough food to their families. For them the concept of investment seems like an unattainable luxury. It is true that life survival is the foremost priority for all living creatures including humans. However, as human being, we should make conscious efforts to make savings out of whatever we earn, and invest it wisely to foster a hope for prosperous future for our families.
1239  Bitcoin / Bitcoin Discussion / Re: Monochrome CEO Jeff Yew files for ETF - Positive about the result on: July 15, 2023, 06:25:01 AM
That's a good news for BTC. No doubt such steps are not in favor of the decentralization of BTC blockchain for which it was mainly developed but still, such steps are necessary. To migrate the interest of investors and market spectators towards cryptocurrency too. Because most of people are still ignoring crypto and focusing on Stocks, forex, etc.

Certainly, purchasing Bitcoin shares through ETFs means transferring custody and management of your assets to a centralized authority, and it goes against the core idea of decentralization Bitcoin was built upon. However, it is important to note that ETFs are playing significant role for promotion and adoption of Bitcoin by attracting broader range of investors, and ETF of MicroStrategy is a good example in this regard. The rationale behind buying shares of thee ETFs is that, some investors prefer security and regulation provided by these ETFs managements.
1240  Bitcoin / Bitcoin Discussion / Re: Monochrome CEO Jeff Yew files for ETF - Positive about the result on: July 14, 2023, 06:22:08 PM
I think everyone is on the bandwagon today. But I think it's better if we will get a approval from the US SEC itself because it's going to be huge.

And if I'm not mistaken, there are also countries that might have approved bitcoin ETF (I might be wrong though), but all eyes are still in the US SEC. And now that Ripple labs have won their case against SEC maybe sooner or later SEC might bent and give way to crypto with a Spot Bitcoin ETF approval.

Indeed, favorable court decision about XRP is very exciting news for crypto currencies markets. It has generated new wave of optimism in crypto community. The next important event could be approval of BlackRock spot ETF. BlackRock is one of the leading financial institutions with enormous potential to invest in new emerging projects and technologies, their involvement in Bitcoin will potentially propel Bitcoin price to new heights.
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