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141  Other / Beginners & Help / Re: Lost Data on: April 28, 2024, 06:08:54 AM
By mistake, one of my friends formatted the hard drive partition (His intention was to format a flash-drive) that contains all his private files, including wallet backup files (not seeds), all files containing passwords and security codes that he uses on all platforms. Unfortunately, he does not have a backup copy of all the data except the seed words for his wallets which are hidden in a place that is currently inaccessible (family home in another country).

While I was asked for help, I wasn't able to provide accurate help as i didn't face the same issue before. Searching online, I found many recovery programs but there are no guarantees that any of them are reliable to handle with such sensitive data. (As i'm not a technical expert, i doubt that any software can send a copy of a possible recovered files to a third part).
I suggest him to start changing all his codes in platforms as he still has access to his emails (fortunetly located in a safe partition) and phone numbers used in registration. Sure this is so much time consuming but at least he can recover at least his accounts until finding a solution to recover the rest of the files (perso images, projects...).

The computer he uses is a Toshiba laptop that runs with Windows 8 (a version that has not been updated since 2020 and not even licence activated), and he formatted the partition [D:] using the NFTS(default) system.
To be sure, he did not format the entire disk, but only a secondary partition, not the main partition [C:].

My question is for the expert members about the most effective way to recover those files or about any reliable program that is available for free, because my friend does not have the ability to purchase paid softwares online.

I chose to publish here because I do not trust other forum platforms and because any suggestions will be useful to everyone here, given that these incidents are a common occurrence and not everyone is qualified to deal with them professionally, especially since most of us will avoid dealing with specialized service companies due to the sensitivity of the data that will be worked on.

Please do not share any suggestion that you are not sure of its effectiveness. It is best to make it based on your own experience/technical knowledge, because some mistakes may be fatal, whether a copy of the data will be stolen or may will be lost forever.
I think quick formatting doesn't erase the data from your hard drive completely rather it would just store the data into the backup space and it'll show that the risk is empty and new files can be saved. As after a particular time it'll automatically erase all the backup data so you need to be quick.

I'll advise you to call an expert or take the hard drive to him , don't do a anything on your own as it'll complicate the situation. It is possible that your data can be retrieved.
142  Economy / Speculation / Re: After the dip in crypto, when are we expecting ath? on: April 28, 2024, 05:49:58 AM
With the information I gathered about cryptocurrency, I had interest and decided to buy some coins.
Being fully aware of the volatility of these coins, I was patient and did not panic as their were various degrees of ups and down and was told that this year is the best time to invest in crytocurrency due to the bitcoin halving which has taken place. I have been watching my coins dropping everyday in value thereby inducing fear in me as the value of what I invested has been on the continuous decline.
I do not know how soon they will begin to rise again.
[/quote look if they have dropped upto a point that you have faced 80 percent loss into your investment then don't sell your coins. There is no point of recollecting your remaining assets because it'll remain in the portfolio. If you have bought some good coins then they'll continue to fluctuate up and down but they'll not completely be out of the game.

Maybe someday you can see these coins to rise up into the markets me you can recover your losses. On the other hand if your at a less loss then 50% then you can retrieve your investment only if your not confident.
143  Economy / Trading Discussion / Re: Trading is not a lifetime job. on: April 27, 2024, 01:17:49 PM
I'm sure not all traders will agree with me but some could possibly be on my side...

Here are the reasons why;
 1. It is quite stressful - old traders will soon give up due to mental health problems
 2. It is not enjoyable anymore - nobody will stay long in a job that they no longer find themselves comfortable with especially if you are not earning well.
      Most of the time we feel this during bear season.
 3. Trust issue due to Scam growth - traders never find it safe to use exchanges, even big exchanges.

People actually trade as a full time job and few of them are successful but the reality is that, it's not an easy path. Just as you mentioned, there is risk, stress and lot of challenges in trading profession. Some of these reasons you mentioned can be manageable during trading although they can not be sustainable for a long term but this no.2 caught my attention. I mean why would anyone continue to do something that stress them and doesn't even provide them with a good income? Who does that? Financial reward is the main reason why people trade and if the earnings are not coming, the motivation, passion and interest will definitely disappear.

We have to face the reality, trading may work out well for some people and they may probably make it their lifetime profession but it's not sustainable for everyone please.
Yeah I think crypto should not be a full time job rather it should be a side hustle always until and unless you are financially independent enough that you can live a luxury life till death.

Actually due to uncertainty in crypto it shouldn't be your choice of a full time job neither you should be dependent on it for your daily household activities. The extra income can be a positive thing but if you'll depende on it completely then you can face repercussions.
144  Economy / Trading Discussion / Re: Day trading or Long term on: April 27, 2024, 12:35:57 PM
Both day trading and long term trading are risky.You have to be very skilled to do day trading.Because it is necessary to understand the market risk and trade in a short time.That is the amount of risk is relatively high.Because risk assessment in day trading is somewhat difficult.But in case of long term ready car the amount of risk is less.It is invested and traded for long periods of time.It is easy to assess risk.So most of the people have long term credit.People who do day trading are used to excessive risk.And they are always under a pressure.But long term trading is less stressful.
Yes trading is risky Because selecting coins in trading is a very difficult task. We can only select Bitcoin for long term investment but other altcoins will not provide a strong holding opportunity like Bitcoin. So I think day trading with altcoins is better. Altcoins can make big returns quickly and also lose big quickly so it needs to be monitored constantly. And if there is some profit, the coins should be sold immediately to avoid further dumping.  Because altcoins are quickly pumped and dumped quickly
I think that opinion is no more valid that only BTC will be suitable for long term investment. There are variety of projects that are working for very long and are capable now to be invested in for long term investment option.

Projects like ETH, BNB,SOl etc have very strong fundamentals and they are returning some very good profits to their investors as well. Yes BTC has influence on these a little bit that can't decide the bright future of these coins..I think they'll come more stronger in upcoming time.
145  Economy / Trading Discussion / Re: If all your wages were paid in USDT, would you accept it? on: April 27, 2024, 11:18:32 AM
If your salary was not US dollars, but USDT, would you dare to ask for it? Although USDT can facilitate transfers and cross-border payments, thinking about the fluctuations and risks makes me feel a little panicked! It can’t be used everywhere in daily life, What do you think? Come and chat!
If you would have asked me this question a year ago I would have surely answer yes but now the time has changed and we have to change as well according to the shift of power.

The power is drifting out of USAs hand especially after the oil dealings have been started in different currencies rather than dollar. Now more power will shift towards yuan and other currencies so dollar was a giant but now its being faded. So its more secure to wait and then answer this question.
146  Economy / Economics / Re: Is Inflation Necessary on: April 27, 2024, 08:57:26 AM
The bitcointalk forum is comprised of diverse people from all over the world. Our countries' must have gone through inflation as a nation at least once or more since its history. As a refresher, inflation happens when the prices of goods and services rise and people can no longer afford those items because the country's money almost becomes useless. But is inflation needed? Why can't we just keep the currency at the same value? And why does it only happen to money? For example, the same wouldn't happen if we used gold as a currency instead. Is inflation a ploy that the government uses so people don't get rich off of savings?
The biggest reason behind inflation in many countries is the baking system that was developed on the basis on interest back in the history by Jews. This system is such a thing that the world bank and IMF will get benefit from it but the people and the deprived ones will face the repercussions.

We need to get out of this system that's the only solution we can propose to the inflation we are facing. If we continue to live under these situations we will never get the benefit of living a wealthy and healthy life.
147  Economy / Economics / Re: World price tag on every product. on: April 27, 2024, 08:06:11 AM
The world has gotten to that point in which every product should have a particular price is been sold for.
A product that is been sold for $5 in USA should also be sold for $5 in Canada and China, this way it will help the world leaders to remove hunger in the world, it will also help grow the economy of every country because countries can buy product from one another at a better price, this method will really help in reducing suffering in the world because hunger is one of man's major problem.
The world leaders should sit and implement this policy every product will be given a price that will be comfortable to every common man in different countries of the world.

If you want the same price for a product in all countries, I think it will be very difficult to happen and even any government will not be able to implement it in the near future because each country has its own product price benchmark. Apart from that, the prices of imported goods and exported goods will also be different in terms of price because there are costs that must be borne by the party who imports certain goods from other countries into their own country.

So this will cause a slight difference in the price when marketed and goods dealers and goods distributors will also calculate the transportation costs they have to incur when marketing to every corner and country. That is why sometimes we find goods at slightly different prices in other places, which we have to understand because considering the costs and transportation, unless these goods can be produced in all places or by all countries without relying on transportation or any costs to market them.

And regarding reducing the suffering and hunger that still exists in this world, I think the sellers of goods will also suffer if they cannot make a profit through their own sales and they will also be hungry in the end because they really expect profits from the sale of their merchandise. So you also need to pay attention to this because everyone in this world really needs money to live more comfortably without facing hunger and suffering.
It's not that much difficult I think it's possible if countries agree to trade into a common cunnrency thay should be used all over the world for trading. Then the country whose currency will be used most support the countries that can sell the products at the set price due to financial conditions.

But that's very difficult in a sense the situation that is going around in the world right now. Countries are fighting over becoming super power and in this kind of situation it's not possible.
148  Economy / Economics / Re: It's better to invest now than to regret it in a hospital bed. on: April 27, 2024, 07:48:05 AM
There are some things the importance of which we cannot understand until the time comes. Maybe we don't care about those things because we don't need them now, but when we need them, we will regret these things, but regretting them at that time will not help. Now maybe we have the strength of the body and the ability to work so now we can manage all the things but the strength of the body is not there for the whole life of the people or their workplace will not be there for the whole life. Since these are not permanent, we have to plan for the future in advance. Those who invested in Bitcoin exactly 10 years ago planning their future may have gotten a lot better from their investment today. But those who didn't plan their future at that time and invest in Bitcoin even when there was an opportunity are probably regretting it now. Like those who didn't invest 10 years ago and now regret it, we need to plan our investments now so that we don't regret it at some point in our age. 
Congratulations to those who have already planned to invest and those who have Bitcoin investments and hope you will hold your investment for long time but to those who are still planning to invest I would advise you to invest in Bitcoin even if you think about your future. If we can invest now thinking about the future then this investment will be very useful for us at a stage in the future which we may not be able to imagine now.
Yeah it's a very popular sentence which I have heard from many people. The words can differ but the meaning is the same. People spend their whole life in thinking that what will happen tomorrow. In this they forget to enjoy the time in which they are living.

We have to plan for the future but upto an extent only. If we think about the future too much then we will lose our joy of present. Future is not predictable, plan and then don't stress.
149  Economy / Economics / Re: How do you work toward hodling bitcoin? on: April 26, 2024, 01:27:20 PM
I have seen many people who sold their lands to purchased huge amount of BTC and hodl to recover the capital and still have some money to buy again which is the latest system many investors are using to grow their wealth these days in the community.

You need to understand that there are different kinds of investments and bitcoin is not the only profitable one out there. Even land is profitable. Real estate is really hot and valuable but it still depends on your country and location of course but selling it to buy bitcoin is quite stupid and reckless I might say.

You’re never going to be able to buy that land at the same price ever again. Even if you say that you are richer, the value still has gone up from the price you actually bought it from. You could have done a lot with unsold land.

Everyone has their own investment vision, but I also want to say that selling real estate to invest in bitcoin is too risky and not recommended, if not a stupid idea. We were on a bitcoin forum and many people became so crazy about bitcoin that they knew nothing else but bitcoin. Many people will support this idea but if we show this idea to financial advisors or economists, they will say we are stupid.

The potential of real estate is not inferior to any investment, including bitcoin. In addition to increasing in value every year due to demand, it can also create a passive income stream. Only people who don't have money to own real estate think that investing in bitcoin is safer and better than real estate.
I think that's the perfect opinion on the stupid idea of selling real estate and investing in BTC. There are two major points that can be looked while doing this:

It can be very profitable because sometimes the market pumps very much like the previous bull run of BTc to its higher value ever. If that's the case then it can be very profitable but how to predict that?

There's no surance to the profit in crypto while there is in real state that's why taking that much of risk is a stupid idea.
150  Economy / Economics / Re: Harmful effect of robot to the world. on: April 26, 2024, 11:50:12 AM
The use of robot in the world is really affecting the economy and also causing unemployment.
If you build a company and you are making 1 million dollars as profit every month and then spends 6000 thousand dollars to pay your works and then you are given the opportunity to buy robots for 1 million dollars that will do the jobs your works are doing without it having faults for 10 years won't you go for it there by sacking your workers.
In the next 10 years there will be high rate of unemployment in the world because job's that should be done by humans are now given to robots and by so doing it will also affect the economy of the world.
Robots are for sure a risk for all of us but only if we don't develop ourselves with the technology. These advancements will continue to come and if we sit here and cry then nothing will come out of it.

We have to cope up with AI and learn new ways to use AI and earn money rather then crying over unemployment. Businesses will always prefer robots because they decrease their budget. We have to learn how we can add something that robot cannot. It's our time to advance otherwise we will face repercussions.
151  Alternate cryptocurrencies / Speculation (Altcoins) / Re: altcoin season on: April 26, 2024, 10:46:14 AM
If you really want to make money in the next bullrun, i think these gems can make you alot of money!

Coins like $SOL, $XRP, $ADA or $AVAX are too big already.

1: $INJ
Target: 15x to 20x

2: $KAS
Target: 20x to 30x

3: $NAKA
Target: 40x to 50x

4: $PROPC
Target: 50x to 100x

5: $MANTA
Target: around 20x

6: $ZETA
Target: 20x to 30x

7: $DYM
Target: 10x to 12x

8: $NEAR
Target: 20x to 25x

9: $SEI
Target: 15x to 20x

10: $MINA
Target: 12x to 20x

11: $TAO
Target: 20x minimum

12: $ASTR
Target: 15x to 30x

#bitcoin    won’t make you rich, you need to buy good #altcoins.

join my telegram link below for more on Crypto, Trading, Investment and Finance.

https://https://t.me/+Q4BGeDdKJQc3N2E0
It's a nice technique to market your telegram channel by convincing people to believe on your suggestion of multiplying their investments. Actually it's not possible. The altcoins that has their own ecosystem and are a little bit away from the influence of BTC have being ignore by you

These rest depends on BTC and they multiplier that you have claimed can only be possible if BTc goes 5x or 6x and it cannot be possible. Yes these can have good impact but your claim is not realistic.
152  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Halving is coming, alt season soon? on: April 26, 2024, 10:21:17 AM
The alt season is coming..

But the Halving is first.

What do you think will happen?

My personal bet is a plunge for a couple of days, and then slowly over a few weeks, we will start to see an increase in prices again, as the effect of less BTC being sold from miners.

Im holding most of my crypto in USD, so I can buy the dip.

What about you?

/Hamukione
Yeah I think it's the right decision to buy at the dip it will lead to profits in my opinion but you have to be very patient.

Crypto have revolutionised the way it has never before. People are very much Interested in Crypto nowadays and the investments are increase. Now the big fishes will try to manipulate people and the market as well. So you gave to be patient it can be possible that you will face the fear of losing your investment but if you'll be patient then for sure your investment will lead to profits.
153  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Are new altcoins being too risky? Current market trend on: April 26, 2024, 09:42:58 AM
It doesn't matter whether it's new project or something that's existing for years there will always be risk factor but we can say in a random new project the chances of the value reaches zero is high.

It doesn't stop users from investing on new projects because they always look for the next big thing which is a gamble they may pay once in a while and rest of the time will get busted.
There is always a risk in every investment. However, an investor must be able to face this risk. However, investing in new coins has always carried a big risk. Currently, this risk is getting bigger, especially now that there are so many new meme coins, and people are investing in these coins to target big profits. However, there will always be risks, even with good coins.
Yes there are risks involved into investment and the investor must take it but there is a big difference between taking risks or taking calculative risks. It's very important to understand this difference because it will help you a lot in safeguarding your assets.

The calculative risk is the one into which all the possibilities of loss are studied and they after apply different skills the investor is convinced that the money will not be lost. This approach allows you to have a safer investment which can later on lead to profits.
154  Alternate cryptocurrencies / Altcoin Discussion / Re: What's in For Altcoins after the Halving? on: April 26, 2024, 09:15:22 AM
It has been a good ride for Bitcoin before then halving and now that it is done with, the momentum seems to have gone down, and as we all know, after the Bitcoin Rally, altcoins react to it. Do you think the rally of altcoins will start now or we should continue with our trades like nothing happened?
I think it's the best to wait and see more about the behaviour of BTC after halving. BTC is performing very ambiguously after halving has occured and I haven't seen this in past. You can invest a small amount into the altcoins  just for a huge bull run but don't spend too much of your assets into any coin right now not even BTC.

It's safe to invest into any altcoins if you're planning for a long term investment option but if you're looking for some good profits over a shorter period of time then I'll advise you to wait a little and see further how the market behaves.
155  Alternate cryptocurrencies / Altcoin Discussion / Re: Rethinking Memecoins: A Potential Gateway for New Investors? on: April 26, 2024, 08:53:09 AM
While I haven’t personally tried investing in Memecoins, my friends often ask me for advice on where to put their money in the crypto world. I usually suggest sticking to popular ones like BTC, ETH, and ETC. But some friends still go for Memecoins, even though many people think they’re not worth much.

After a few weeks, I started receiving messages and calls from these friends, sharing their successes with Memecoins. One friend even made a nice sum of money trading ROOST, experiencing what seemed like beginner's luck. He then wisely diversified his investments, putting some money into more serious projects and continuing to dabble in other Memecoins. Despite my initial skepticism, I've seen some progress.

I've always held the belief that Memecoins could potentially harm new investors in cryptocurrencies, leading them to feel discouraged after getting burned and thinking that the entire crypto market is volatile. However, my friends are all aware of the risks and only invest small amounts, treating it more like a game that eventually leads them to explore more substantial projects.

While I'm still not a supporter of Memecoins, I'm open to hearing other opinions.
 
The perspective of people regarding meme coins have completely changed after some projects like doge, Shiba, Pepe and even Pi. People used to think that meme  coins are not worth it to invest but these projects have proved that they're very much worth it.

The problem is that there is a plenty Of risk involved while investing into meme coins. You never know which one will get your good profit. Hit and trial method needs a lot of patience and asset as well. Thats why still people are avoiding them even the fact that they have given good profits to many users .
156  Alternate cryptocurrencies / Altcoin Discussion / Re: What is this SocialFi called "Pulse"? on: April 26, 2024, 06:08:52 AM
I was doing research on SocialFi when something caught my eye, called Pulse. After doing more research, I became quite interested in this concept. So far, here's some of the recent SocialFi I know about SocialFi. Are these points accurate?


-Pulse
-Friend.tech
-Open Campus
-Lens Protocol
-Hooked Protocol

Look it's just to promote the project and there is no harm in that but don't make fun of people's feelings by manipulating like that.  Promotion is necessary for a project but doing these type of creepy things is not what a experience individual will entertain.

Moreover the project you mentioned is no more that a meme coin. It's have a low market cap but the demand is almost close to nill so it doesn't matter what the market cap is. If these was something good into the project then you wouldn't have been promoting it into such a cheap manner. It's sad to see things like that.
157  Bitcoin / Bitcoin Discussion / Re: If someone you introduced to BTC says the risks of her funds is on you on: April 26, 2024, 05:29:25 AM
Bitcoin can not afford to reprogram its potentials values of being a non-custodial currencies hence it is a technological development created by an initiative individual who is known to be Satoshi Nakamoto.

It is a financial system initiated without any sector of the government contributing to the structure neither being slated with any form of authority role in the system of the digital financial system as Bitcoin.
And on no account would the potentialities and nature of Bitcoin would be flexible to be reformed such as to be centralized in other to justify the mistrusts of the people who are in doubt of it with the facts that Satoshi Nakamoto has remained unknown and yet the digital currency is non-custodian.

I made this expressions because just in, a neighbor is f man who has been in good terms in a while now with me  asked if I can recommend him to any way she can Invest, have her funds secured and as much make profits.
So I recommended Bitcoin to her which she acknowledged that she knows a little about it but her fear is that it is not a centralized technology and for that she has always felt insecured on the development.

You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her. 😏. That was silly and I felt mad at her.
And right then I clearly told her that I am not trying to introduce her to any of the Ponzi schemes so it is her choice to decide but all I can tell you(her) lastly about this is that your funds will be secured as long you (she) would stick to the terms I have explained to her after explaining the Pros and the Cons to her.

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
That can never be one sided. I mean how she can say that if I lose the money then you would give me my money back. What will be your skin in the game then?

It can be that if you get her the profits into trades the you can share the profits percentage with her and if you lose the money the loss should also be distributed and shared. It's not fair that the whole loss is on your shoulders. She is also here to earn money so she should have some guts to risk her money as well. Don't get yourself into bad situations.
158  Bitcoin / Bitcoin Discussion / Re: Important reminders on: April 26, 2024, 05:03:39 AM
I may be hated for saying this, but what's currently happening in the mempool is a feature, not a bug. The fact that we have a fixed-sized block limit means that the current clogged up state would inevitably happen sometime.

Another important reminder: Censorship won't prevent monkey jpegs. Let's leave asides if censoring monkeys would undermine one of the important properties: It just technically doesn't work. People who spend dozens of millions of dollars in monkeys everyday can bypass every censorship measure and save them straight to the UTXO set, which would be a lot worse for the rest of us.

Here's another: As long as the law of supply and demand defines the price of block bytes, we can never on-board billions or even millions of people on a layer-1 solution, unless we undermine another important property; being practical to verify the ledger.

Final reminder: The free market decides the ideal tradeoff. "Is it better to have a dynamical block size?", "Would it be worse if we traded 'being practical to verify' with 'being for the poor'?", "Would a tail emission save the situation?". These questions are not easy to answer. However, we have a lot of cryptocurrency options, each tailored to meet different needs. It's up to us to determine which option suits us best and to refrain from complaining about the shortcomings of a single solution.
Look we have to continuously look the market and shift the way we can get benefit from BTC. It's not always that BTC will allow us to do profitable trades or transactions but there are many other uses of BTC as well which we can adopt and get benefit from them until BTC again gives valuable transactions and trades.

It's not convenient to mentions the benefits as it will prolong the discussion but the point is that shift from one use case to another until the previous one come back to the game. Crying over one and not using the another is the bulliest thing we can do. Keep an eye on the whole market not to a particular sector.
159  Bitcoin / Bitcoin Discussion / Re: I don’t like the term “crypto” on: April 26, 2024, 04:21:09 AM
BTC> I don’t like the term “crypto” …Not only because it distorts the field of cryptography, but it is also very much related to scam schemes, perpetrated by individuals who have 70% pre-mined coins, create pseudo-decentralized systems, and register trademarks, among other tactics…

The term ‘crypto’ brings to mind Schneier, B. (2015) ‘Applied Cryptography: Protocols, Algorithms, and Source Code in C. 20th Anniversary Edition.’ Indianapolis, Indiana: Wiley. in Chapter 1…”

A message is plaintext (sometimes called cleartext). The process of disguising a message in such a way as to hide its substance is encryption. An encrypted message is ciphertext. The process of turning ciphertext back into plaintext is decryption. This is all shown in Figure 1.1.

(If you want to follow the ISO 7498-2 standard, use the terms “encipher” and “decipher.” It seems that some cultures find the terms “encrypt” and “decrypt” offensive, as they refer to dead bodies.)

The art and science of keeping messages secure is cryptography, and it is practiced by cryptographers. Cryptanalysts are practitioners of cryptanalysis, the art and science of breaking ciphertext; that is, seeing through the disguise. The branch of mathematics encompassing both cryptography and cryptanalysis is cryptology and its practitioners are cryptologists. Modern cryptologists are generally trained in theoretical mathematics—they have to be.


That’s why my mantra is “Bitcoin NOT Crypto”..
BTC>
Ahh only because you can't learn about it in the right way or you can't implement what you've learned in the right way you are performing an opinion about a system. It's true to some extent that scams are involved in crypto and especially nowadays people are very much effected by it but that will not reduce the popularity of crypto.

Due to its high profits people will join it continuously. Only what we have to do is to launch awareness programs to safeguard people from scams. Exchange should also play a role in that and they are trying to some extent also.
160  Economy / Economics / Re: Your aging and retirement plan is your responsibility. on: April 25, 2024, 02:10:54 PM
Most people who don't care about retirement is low or low middle class people.

Their parents didn't teach them how to manage money, their curiosity make them want to explore anything and since they always get bullied due to being poor, now they want to prove anyone if they have expensive stuffs.

It's a trauma that makes them like that, since I'm not in their shoes, I can't relate and they might have a point for doing that.
I can tell from my experience that Americans and Europeans care the most about retirement plans. In my country retirement plans don't exist, people work till they can or die. Too many people in their 70s work where I live and I have even seen some 80-year-old people working as a cleaner and in farming.
In poor countries, young people don't earn enough to make savings and when their parents grow older, their kids, now adults, have to feed them and take care of them. Years pass, parents die and these people still don't have any money saved. Then they get older without a retirement plan and then they end. That's what lifecycle looks like in poor countries. Parents luck education and their children have to pay for it.
Yeah I think you are right to some extent. European propel are worried for their retirement plans the most and they plan slot for their retirement. This is not a negative thing to do but thinking too much for your future is also very harmful.

When you think too much for the future you can not enjoy the life that you're present in and that's the most negative effect over planning have on your life.You should plan up to a limit but don't exceed in thinking of that.
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