I have always known that life is not easy, I work hard every day to make sure that it becomes easy not only for me but for my children.
If only working hard makes a man successful then a day laborer would have been the wealthiest person. You need to work hard but without knowledge you will not be able to amplify your true potential by using your abilities. Knowledge can help you identify the right path and take smart initiative to get things done in a unique way that an average person cannot. That's why we don't see multiple elon Masks and Bill gates at the same time. Their knowledge opened their eyes to opportunities and led them to success. |
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Actually it gives people motivation to think about what they will do if they get something in the future. If i am not mistaken a survey says most people have this tendency to imagine a scenario that doesn't happen in their life or has a very small chance of happening. This sort of imaginary thinking makes us visionary and motivates us to make strategies to achieve that goal in our lives. Success or failure is a different part but imagine something and take action to get it that makes a human productive in their life. It gives us purpose in our life to live on which we follow the rest of our lives.
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It's because of the partial reserve system that the banking sector uses which helps them generate money from thin air. If a bank gets 100 USD from a user it can keep 10 as a reserve and use 90 to give a loan. The actual figure for this money distribution is backed by $100, but the total amount of money owned by the bank is 190 dollars. So their total wealth increased to 190 dollars, which is backed by only 100 dollars and 90 dollars they just generated by using the partial reserve system. All the banks in the world follow this system.
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7B is the amount of funds FTX manages to gather to compensate their customer but the actual number of funds that are claimed by customers is way higher than this. It is not only FTX but also Alameda that owns those sol which have a long token unlock schedule. It will be a gradual unlock of events and the real valuation can be higher than 6B as the OP says at the end if SOL manages to perform better than it is right now. It's recent pump shows it still has a community that is holding their bag even after all these comedy FTX and SOL had.
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It can be if you stop looking at your portfolio frequently. Some of us have this bad habit of checking our wallets a few times a day. We are emotional being so when we see that our portfolio is few thousand dollars down or up we take action immediately out of fear or greed. If i am planning to hold a project for a few years then i don't care what happens to the market or the project. I will keep doing the work i am doing and let the portfolio grow. If the price is falling towards zero then let it be because i have confidence in the project and even if the price goes down like crazy for sometimes it will revert back if my analysis of the project was right.
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Then that bottle of perfume is not for you. I want to try cavier but its price is out of my budget so i look for something that can give me the same happiness as eating cavier at an affordable price. Another important thing we should keep in mind is that there isn't any limit to expensiveness. A product can be double its actual value if it is served in a premium way so if that perfume is available somewhere within your budget, you can use it without paying for the extra value added because of some premium service.
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India is the new leader of the global south .... And a replacement for China ? China has recently started to openly surrender its position. both politically and economically. politics is not the place to discuss, but the economy leaves much to be desired. Although it is partly a consequence of politics  ) When and why is China surrendering its position? China is the most influential actor in Southeast Asia. Even in the Indian market there are lots of chinease products that don't have any alternatives that are produced in India. In politices indias influence demolishes over Maldeaves. Bangladeshi people don't like india due to their involvement in internal politics there. India has its own internal political crisis and we saw that recent manipur clash. China is in better position than india in politically and economically in every sector. |
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Foreign reserves are the foreign currencies reserved by the government of a nation. If the reserve is decreasing, the central bank increase the price of their local currency leading to inflation. A positivity in the value of the foreign reserves indicates good economy.
I just want to ask a question. Assuming people are buying the foreign currencies and hold it in their domiciliary account and not used in another country for buying of goods to be imported, is the foreign reserves decreasing like that? I mean if the foreign currencies is bought by the citizens of a country and hold in their bank account, and not used to buy from another country.
If the citizens are buying a holding foreign currency and holding them in their foreign currency accounts, don't contribute to the country's foreign exchange reserves. as these funds privately owned by the individuals. Foreign change reserves of the country generally represents holdings of central bank of the country. Moreover, such privately holdings are not utilized for payment of imported goods. In some counties where national currencies are not stable and consistently losing their value against US dollar, the trend of making saving in foreign currencies is growing. However, this trend can lead to further depreciation in the value of local currency against the US dollar, Euro and British pound. A foreign reserve depends on the country's trade partner. If a country is just importing and Exporting with EU countries then that country might want to hold their reserve currencies in EURO because their exports and imports are mostly with them. In this case that country doesn't need to hold any USD if they don't have a trading relationship with them. Most countries want to use USD for international trade because most of them directly or indirectly trade with USA or their trading partner country. |
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Hello,
What are the Advantages and Disadvantages of the Crypto and Forex? Why should anyone choose Crypto over Forex?
Thank you.
If you are a risk taker and love volatility then crypto is for you but if you want a less risky environment, you can do forex though higher leverage and margins can give you massive losses in those two. These two markets are a bit different in nature. Forex markets impact on news but you can be a successful forex trader only by using different indicator setups. In crypto basic indicator is useful but you need to keep in mind a lot of different things when taking your entry. A news event can prove your whole set up wrong. So it will be wise to use google to gather more information about these two sectors. I can add more points in my comments because i traded in both market but I want you to work on it so that you can value your efforts properly. |
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I started trading bitcoin when the price was around 7k if I remember correctly. I even saw the bitcoin price around the 4K level but I stopped trading bitcoin after the Luna crash. Actually I was already taking losses due to the start of the bear market and the Luna crash wiped out my full portfolio because I was doing DCA by hoping it would recover. I stopped trading after that and only held projects I liked for the long term.
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It took a while to get here due to few months of inactivity. I need 2 more to touch 200. Although i won't get anything by hitting 200 but want to keep a memory of my struggle so that it reminds me of my past to judge my improvement from this day. 
Update: Thanks to all those who helped me to come this far. The journey wasn't a linear climb but it helped me gather my experience and improve my skills a lot. |
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For comparison, may I ask how much a standard meal in your country costs for one meal? what is the standard food menu? What is the average monthly and annual income in your country? Please those who answer can use calculations in USD
With $2 you can have a full meal including drinks in my country. This is for one person and for basic food idea. If you go little bit higher like $4 you can get one of the popular meals on my continent drink included. I was referring to soft drinks not any alcohol. If you can cook your meal at home, you can cut this cost in half. I think you already got the impression that the average income isn't that high in our country. For lower-class people the monthly wage is around $150; for middle-class people, it's $250 to $300. Food prices vary in each country; proportion and price. In some countries wherein resources ain’t that of a struggle, marketable goods including food won’t be expensive. Things still have something to do with demand and supply. Since I am on a third world country, food expenses aren’t that high but the proportion of foods differ from one restaurant to another. If I were to compare food serving especially with foreign countries, no doubts that ours would be smaller. The amount we are consuming and spending on a daily basis is a reflection of a country’s economies as well including leaders of the government which are running the regulation and to prevent prices to go up dramatically. This isn't much compared to many countries but what sets the price apart from other countries is their transportation and service costs. A rice plate with meat will not be the same price if they are served in two different place where one is a fancy restaurant and the other is a road side hotel. which are running the regulation and to prevent prices to go up dramatically.
In my country it's the politicians who are making decisions to raise the price and they are also running the government. In this case regulation is useless because there isn't any implementation of the law. The law is for those who are not with the government. A really corrupt country and its officials. |
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* I remember a while ago I needed some driver SW and found that the first Google result gave me a phishing link for Nvidia services.
I was contacted to work for a group of people who will use my credit card to set up a Google advertisement and that was a very scam project. I declined to work for them after knowing it was a scam and later I saw that advert at the very first page of Google with a phishing link and cloned website. This is an obvious scam, why they will use my card to set up their own google advertisement, why not use their own. Only greedy who thinks that they will earn huge on the offer falls for this kind of scamy trick. Lucky you are able to detect scams, else you could have suffered financial losses. The invitation on telegram and other messaging apps and offering too good to be true offers are rampant. We better just ignore unsolicited messages from unknown people or account. I am not sure what kind of service OP was trying to use but this type of requirement is common for facebook and google marketing. It is much more convenient and simple to pay your marketer the whole expense of marketing, but some people don't want to do that out of fear that the marketer won't use the money to boost the product or page. In this case the owner adds his credit card to his page's payment option from which facebook deducts the money for marketing. But this can be done by the page owner so you don't need to provide your credit card details if you are the owner of that facebook page or the e-commerce site. |
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Why do we all have different thinking and personalities? We evolved based on our surroundings and our education. Knowledge is important and it helps people make decisions based on facts.
How did you get your capital to start that business you are doing today? Or do you experience some things like this from your relatives, because to get capital these days is not easy for me, and there are some people all over the world looking for way to get this capital to start a good business but is not easy for them. Can you share your experience on how you get your capital.
My father brought me a laptop that I have been using till now. I have learned some skills and have been selling my service till now which is helping me generate enough money to live on. We all have different stories along with the challenges we have faced. Asking for money from relatives is a bad thing, you can offer them a share of your business so that you can distribute your risk with them all. |
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For comparison, may I ask how much a standard meal in your country costs for one meal? what is the standard food menu? What is the average monthly and annual income in your country? Please those who answer can use calculations in USD
With $2 you can have a full meal including drinks in my country. This is for one person and for basic food idea. If you go little bit higher like $4 you can get one of the popular meals on my continent drink included. I was referring to soft drinks not any alcohol. If you can cook your meal at home, you can cut this cost in half. I think you already got the impression that the average income isn't that high in our country. For lower-class people the monthly wage is around $150; for middle-class people, it's $250 to $300. |
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Looking at the chart, I don't think USA gdp will lose significant power in our lifetime, and consequently the USD. However, other currencies, specially bitcoin, might play a significant role in the future.
I am amazed to see how china and India are world-dominating powers in the world economy. The rise of the United States following World War II causes the GDP of these two dominant powers to fall. Wester colonials looted so much that they lost more than half of their GDP within centuries. We might now see the fall of the USA in our lifetime but we need to admit their economy has weakened and china's economy is rising again. |
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lol, similar thing happened to me too. I saw job offer for 'hiring moderator' on one of discord channel (channel itself was genuine, scammers were baiting users), I contacted the guy. He tried to be genuine and asked about my experience as moderator, my experience wasn't much but he agreed to give me a job anyway  And now afaik (because I deleted the message, don't remember specifics), he told me I'm supposed to purchase their nft before I can start working for them, so he game me the link to purchase and then I deleted the message.
Plenty discord mod accounts are getting hacked these days, this is one of tricks they use, unfortunately normal users don't realize there could be phishing link from legit admin handle just cause their handle was hacked, and scammers go away with good bucks. I have heard a similar story from one of my friend but he actually got his first month payment. That was a gaming project and they are promoting their NFT marketplace where they are selling their NFTs. Their moderator also needs to have one of those NFTs and use that NFT image as a profile picture in their discord. A weird job requirement and behavior from them right? |
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Perhaps we can create a thread only to share our real life experience with scammers so that others can learn from the story. Scammers are exploring all the possible ways to scam people and some attempts are so well organized that new people won't suspect anything before they become victims. I am amazed to see that the scam attempts I faced are new to many people and some people are getting a warning from this.
That would be good too where a single thread is used to share different stories/experiences about getting scammed or almost got scammed for others to know and may/will avoid similar situation in the future. It's always good to spread awareness of innovative ways that scammers used to scam people. Well, scammers may also read the awareness thread or something like that where they will start to create new ways to scam people while they still use the current ways to scam people until they finish it. If I am a scammer then that's what I'll do but I am not. There are some ways I do in order to be safe or avoid getting scammed like thinking like a scammer when you are in a situation of getting scammed. That is the initial idea though i am not sure others will be interested in it or not. Most of the crypto people who are active on social media must have encountered any kind of scam attempt. It is the repetitive story most of the time but some of the scamming attempts are so unique that they need to be discussed. What a journey you have had, had it not been for your intuition to smell a scam from a mile away your account could have been hijacked. And paying attention to domain URLs is a must these days as this is a start of preventing a scam like you did in story 1 as the deception is always right in front of our eyes  And great advice with the precautions when it comes to our cyber security. Clicking of unknown link's should be added to your precautions as it's a simple check Burt does wonders. Using phishing links is not something new but now they are using legit discord bot to hide their phishing URL. So we should cross check the URL when we are interacting with them. |
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I always say in my post that learning something from what you are doing will make you more knowledgeable and become cautious of scam attempts. This is the same as learning from your mistakes which will help you in the future. I haven't experienced something like that but I am cautious enough not to trust someone right away although I understand your situation. It is also discussed in other threads that scammers are being innovative just to scam people and that's why we have to be very cautious.
Perhaps we can create a thread only to share our real life experience with scammers so that others can learn from the story. Scammers are exploring all the possible ways to scam people and some attempts are so well organized that new people won't suspect anything before they become victims. I am amazed to see that the scam attempts I faced are new to many people and some people are getting a warning from this. |
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I'm a normal user so my words won't be that useful. If you like what I say, give it some thought. Translation is not bad, you can learn a lot in your native language by translating (because not everyone can be proficient in English). Because there is no end to human learning?, so all the local boards that have bad comments about the translation, ban the translation on those boards. Also make translation free on other native boards that would be the best strategy/justice.
Dude, how can anyone ban someone from translating something? Even if basing on copyright, if someone will find something really interesting which will want to share on his local board he can even retell the main point in his own words. If not to be bothered with merit farming, you can share nearly any interesting and important information on your local board, just don't forget to leave links on a source of that info.  The root cause of this problem will be solved if merit sources stop distributing so much merit for translation and are more selective when accepting someone's request for translation. Some newbies want to rank up and they want to do that fast. They look for possible way from where they can get a lot of merit. Perhaps if we could give a recognition badge to all the skilled translator that could be enough as a reward. |
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