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1361  Economy / Economics / Re: Why do people stay poor? on: April 16, 2023, 02:51:11 PM
I believe that getting rich doesn’t happen suddenly out of the blues, we have so many people out there that wants to become rich so quick bet they end up failing, yet they keep on pushing things and still hoping that things would get better someday. At the other hand, we have some people that are just putting little efforts into making money and here they are today enjoying their wealth. Nobody wants to die poor, I believe that everyone wants to have a taste of wealth as well, staying in poverty is never an option rather. Our determination and commitment towards striving hard to ensure that money is made should be the goal and first step into getting rich, is not by having large wealth bet having all your needs without lacking and borrowing is my own definition of riches.
Some people still believe on if wishes were horses and that "getting rich" is just a different journey for everyone and that "it's all in the mindset." There are various challenges you will face once you decide to pursue success, and many people have given up on dreams that would have made them wealthy simply because of those challenges. However, I learn so much from books by successful people that they never gave up even if it was difficult, and even if it was difficult, they persisted, even if it was as if it led them nowhere they kept going on till they achieved their dream.
1362  Economy / Gambling discussion / Re: Premier League Prediction Thread 2022/2023 on: April 16, 2023, 02:28:13 PM
The Arsenal vs. West Ham game is still going on. I hope that Arsenal can win in the final few minutes, but the way West Ham is playing is not giving them any breathing room at all. According to the stats, they have equal shots on target and Arsenal has 72% ball possession, but we need goals. Arsenal is already leading by two goals, and West Ham is already equalizing with two goals. I also already feel heartbreak over Saka losing a penalty. We could be losing games at this point in time.
1363  Economy / Gambling discussion / Re: Premier League Prediction Thread 2022/2023 on: April 15, 2023, 08:28:47 PM
It was evident that Leicester City had little chance of defeating Manchester City there is no way that   Leicester City would have won against manchester city. The first goal was scored by J. Stones in just five minutes of the game, and Haaland had a record of two goals. Manchester City has very talented players that satisfy the management and the supporters. My only concern is that the gap between Arsenal and Manchester City is now three points. Arsenal will undoubtedly prevail against West Ham in their encounter, I have a very good feeling about that.
1364  Economy / Economics / Re: Automating your savings will help you save more on: April 15, 2023, 08:07:24 PM
It takes a lot of discipline to be able to save money these days, which is why saving should be taken seriously. Thank God for apps that help you save money easily. all you need to do is complete the necessary setup. Whether you want a monthly, weekly, or daily deduction depends on what is convenient for you. I am aware of some apps such as Piggybank and many more that let you set up automatic savings. Automation has made everything easy.
1365  Economy / Gambling discussion / Re: Premier League Prediction Thread 2022/2023 on: April 15, 2023, 04:32:05 PM
I'm still not sure if Chelsea's coach is still the issue because of the way they played today, which was as if they had no coach at all. It was even better when Potter was in charge, and now that Lampard is the caretaker, it's even worse. They had terrible coordination, especially on defense. Chelsea scored first and Brighton leveled and added additional goal for Chelsea  this season  is not for Chelsea  at all both in premier league and championship league. And the shocking one was fulham  lashing everton 3:1 very funny.
1366  Bitcoin / Bitcoin Discussion / Re: Federal government and banks are threats... on: April 15, 2023, 01:47:02 PM
Nothing we can do about it, unfriendly countries towards bitcoin usually do that. Banks and its government always do partners and shares the same ideology towards crypto, good thing it's not in my place.
What people should do about it is doing p2p like others have said, and avoid transacting for large amount of money in one go since it will eventually be detected by the banks, if it can be traded/transferred for multiple times, much better.
Since the government owns the bank in my region, they implement very palatable policies that are very unfavorable to the ecosystem for bitcoin. After the government instructed commercial banks to block accounts related to cryptocurrencies, people began to use wallets instead when they wanted to conduct peer-to-peer transactions.
Yet despite all of the threats, there is no way for them to prevent people from investing in bitcoin, otherwise, I fail to understand what bitcoin has done to the bank's if not for there self-serving interests.
1367  Bitcoin / Bitcoin Discussion / Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 on: April 15, 2023, 10:54:27 AM


There are some stores that do not accept Bitcoin. Even if you want to smoke, you can get it in exchange for bitcoins.
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Some shopkeepers do not accept bitcoins by accepting payment after selling goods due to their past bad habits and lack of knowledge of cryptocurrency. El Salvador Nothing is Perfect Chivo Wallet and Bitcoin Lightning Wallet Lack of Knowledge Some traders are hesitant to accept Bitcoin. In the future all the merchants will gradually be interested in accepting Bitcoin and the merchants need to be motivated about Bitcoin.


You make a really good point that it will take some time for everyone to fully adopt the use of cryptocurrencies as legal tender because not everyone is familiar with them or knows how to use them for transactions. I'm not sure, but I believe that the government of El Salvador should host seminars for citizens to provide them with introductory lessons on cryptocurrencies. Most shop owners  will have interest since its legality is coming  from the government  till today  I love the decision  that has been taking by their government.
1368  Economy / Economics / Re: Why is money ruling the world? on: April 13, 2023, 03:21:22 PM
Money has been one of the most influential things in the world since the beginning, but it has also caused a lot of issues. Although it is crucial, money also has drawbacks. Once you become wealthy, you can use it to gain power and influence in society, and the taste for money has led to an increase in crime. This is because people will do anything for money, even bad things, even though money is good because it allows you to buy anything you want. in my region, money is used to win elections since they are plenty of hungry people around. Embarrassed There are no two ways around it money is important.
1369  Economy / Trading Discussion / Re: Do you still advised more buy and store? on: April 13, 2023, 02:28:57 PM
Planning is crucial when it comes to finances, and if you believe that investing every month won't have an impact on you, I advise you to do so. You'll know you have a certain amount of money set aside for investments, and over time, you'll earn a profit. If investing every month presents a challenge, you can consider investing every two months. The choice is ultimately up to you, and it will depend on how much money you make from your working place but sincerely buying and storing is not a bad idea at all.
1370  Bitcoin / Bitcoin Discussion / Re: IF ONLY EVERYONE CAN EASILY ACCEPT CRYPTO on: April 13, 2023, 02:02:15 PM
Aside from the degree of illiteracy, some people don't only believe in Bitcoin and find it difficult to distinguish it from ponzi schemes. When I was trying to explain the value of Bitcoin and the risks associated with investing in it to an engineer I once met, all he said was that he did not believe in internet money and preferred the bank and fiat. This made me realize that everyone is free to have their own opinions and that no one can be forced to invest. I believe it should be a personal choice made that yes, today I do want to invest in Bitcoin. for now I feel is going to be difficult for everyone to invest in Bitcoin but I believe with time and unless countries that have made it a legal tender.
1371  Bitcoin / Bitcoin Discussion / Re: Elon musk is for crypto or just for attention to boost Tesla, SpaceX? on: April 13, 2023, 01:02:01 PM
Elon Musk is a businessman and will make decisions that are in the best interests of his company. I believe Elon is very interested in cryptocurrencies and has stated on several occasions that he wishes he had done so earlier. Elon is also very influential in the cryptocurrency community, on one occasion, he joked about giving his mother a Dodge coin, and that joke had a significant positive impact on the market. Many people also have faith in Him and follow His every word. Investing statements should be made carefully, and all of this might be a corporate tactic to help Tesla or SpaceX all is part of the business.
1372  Bitcoin / Bitcoin Discussion / Re: Federal government and banks are threats... on: April 13, 2023, 12:23:54 PM
When it comes to the federal government and banks, a threat has existed for a while. They have tried several methods to shut down Bitcoin, but it has been an impossible task to get control over it. I also recall that, some years ago, the government in my region tried the same policy by instructing banks to forbid any accounts related to cryptocurrencies, and police began to harass those who were involved in it. Despite all of this, cryptocurrency is still growing steadily.

Currently, my region has some of the largest Bitcoin investors, and occasionally I get the impression that the majority of these government leaders also own Bitcoin. To this day, I still don't understand why they want to outlaw Bitcoin.
1373  Economy / Gambling discussion / Re: UEFA Champions League 2022/23 Season on: April 12, 2023, 10:01:12 PM
Chelsea versus Real Madrid I can't help but laugh When Real Madrid's star player, Karim Benzema, was present and fully prepared, not even the slightest chance was given to Chelsea. Benzema was the first to score under 27 minutes with Vinicius Junior given out two assists for the goals scored, and from the shots on target, Real Madrid had 9 and Chelsea had only three. From the starting  of the game, I already knew that it was going to be a lost game for Chelsea. watching  the game seeing the expression on the faces of Chelsea  fans was just funny  after the second goal.
1374  Local / Nigeria (Naija) / Re: Food dragging at events on: April 12, 2023, 09:30:36 PM
I've been to events where I've seen people lining up for food and always trying to get extras, to some extent, I found it embarrassing, but to others, it was a matter of survival, the majority of people find it difficult to feed themselves, and to others, it was an act of greed. I once went to a funeral where a woman screamed with tears streaming down her face, the next thing I knew, I saw the woman lining up for food, I was shocked and speechless it was very funny  currently am not longer surprised by any act.
1375  Other / Beginners & Help / Re: Why did you chose bitcoin? on: April 12, 2023, 09:07:19 PM
First and foremost, bitcoin is not a ponzi scheme. It was created with the good intention of serving as an asset and, in some cases, legal tender. Additionally, it was the first cryptocurrency in existence and has earned a great deal of trust. As you mentioned, bitcoin had nothing to do with finance in 2009, but as time has passed, it has gained more traction than other cryptocurrencies. I trust bitcoin more than other cryptocurrencies because of the widespread awareness it has received, even in this forum. i trust bitcoin compare to altcoins which might not really survive in bear market like what happened  to FTX.
1376  Economy / Economics / Re: Lending money or damaging family bond ? on: April 12, 2023, 08:44:04 PM
If you really want to keep the bond between you and a member of your family, money should not come into the picture. Even though money is only a piece of paper, it has a lot of influence and when you talk about trust, it is earned. Aside from family, in the crypto world, trust is the cornerstone of everything. If you notice a red flag in a member of your family, I believe you can keep the relationship intact. I have issue trusting  people as for me it must be earned.
1377  Bitcoin / Bitcoin Discussion / Re: Bitcoin Bear Market on: April 12, 2023, 07:45:22 PM
As there are two movements in the market, bear and bull, and everyone wants bull, bear market must exist in order to create a balance. Bear market also comes with many benefits, including time to accumulate and the ability to learn from the market. I think it's time to conduct extensive research and learn more about risk management because most people fall prey to frauds with the hope of seeing their assets double, but with thorough research, you can always determine what investments are wise or foolish, and the best advice is to avoid futures.
1378  Economy / Economics / Re: Without government job we can survive on: April 11, 2023, 08:34:43 PM
Many people are surviving without government jobs, but while government jobs can not be compared to the private sector, where you can be fired at any time and government jobs enjoy lots of freedom, it is now even harder to get government jobs because, in my region, the majority of young people are finding it difficult to get and are pursuing programming(tech) and entrepreneurship. The main problem now is that there has not been any increase in the pay for government officials, and with inflation,  the money is not even enough to keep up with their daily needs. and the only government officials enjoying government jobs are politicians.
1379  Economy / Trading Discussion / Re: You Learn More from Losses than from Wins on: April 11, 2023, 08:05:33 PM
We learn new things when we fail. We learn nothing if we don't fail.  I don't believe, "You Learn More from Losses than from Wins" because that's incorrect. One can learn both ways. In fact, I learnt more from my wins than I did from losses. You talked about losses like anyone wants to have them and then readjust from such. If there's anything losses will even do to beginners, it's to scare and discourage while introducing them to reality.
When one is permanently on the winning side, he has nothing to worry about, but when one fails, he will have thousand questions that needs an answer as to why he failed, and from this he learns. But in the case of quitting after failing, I think it will depends on mindset. It is always helpful to try a different strategy. A newbie who has been briefed on what trading is all about will not quit after losing. Of course trading involves loses but the better side of loses is figuring out a new way of approach. No matter how productive and consistent a strategy is, No matter how long the winning streak a strategy brings, it will someday fail in a long run. And when ever it fails,  we learn.
Everyone wants to succeed psychologically, but nobody wants to fail. After all, experience is the best teacher, so we sometimes learn from our mistakes. I also noticed that strategy is crucial, and when talking about wins, it depends on what area of life the speaker is referring to. However, failure strengthens you in all areas of life. Most of the most successful guys, including Elon Musk and others, have made mistakes along the way, but they were able to learn from them and are today the greatest.
1380  Economy / Gambling discussion / Re: UEFA Champions League 2022/23 Season on: April 11, 2023, 05:30:43 PM
The champions league continues today with the Big Dogs Manchester City taking on Bayern Munich. It will be an entertaining match, and I have a strong hunch that it may end in a draw because both teams are strong and have plenty of champions league experience. Manchester City will win in the worst-case scenario, and as the league gets tougher, the champions league winner will ultimately come as a surprise to everyone. let's see how the match will end today.
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