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141  Economy / Economics / Re: Is energy prices about to shoot up? on: December 09, 2023, 03:30:59 PM
Honestly , I really hope they won't because things in my country are already way to expensive for most of our citizens. Another rise in energy prices would simply bring people out in the streets but I'm sure that won't change anything because we will not be the only ones affected by this. On the other side , the war Ukraine - Russia already made Romanian prices to go up in all sectors so I really hope the conflict from Israel and Hamas would not have the same effect and I do hope a solution will be available for the world soon.
Regarding energy prices, I think it is difficult to predict with certainty, but the Ukraine-Russia war has indeed affected prices in various countries and I hope that the conflict between Israel and Hamas will not make things worse.
142  Economy / Economics / Re: The power of investment choices on: December 09, 2023, 02:16:39 PM
I think that there will be a lot of experts again this time because of how fortunate they are with their crypto choices. Not saying that everyone of them is going to express how they'd able to choose the profitable coins that they've bought. But this has become a norm everytime we enter in the bull run. The difference is that, they're lucky with their assets so they got something to boast but that doesn't mean they're actual experts. Sometimes, this market is just all about luck and don't need that any tip of being good in choices but still, you're better being good in choosing what to invest.
I agree with your view bro, in my opinion it's not really how skilled we are at doing it, but it depends on the luck we get.
I still think that there's balance on it. When you're skilled, you know what you're doing and you're basing on your luck. While those that invests randomly, luck will define the result and it's good to see that many of them gets to see their profits.
Yes indeed if I was skilled I might know what I was going to do and would probably really minimize losses and even luck would be on my side.

And in my opinion, even though there are experts who have succeeded in choosing profitable assets, there is still risk in it.
The risk is never gone, we are in a highly volatile market and that's why risk is part of our daily lives here. Whether someone is an expert or not, the risk remains to be with any asset that we choose to invest. Even with the stable coins.
And it is true that risks definitely exist in whatever assets we choose and invest in. Even in everyday life, risks still exist as if they cannot be avoided.
143  Other / Off-topic / Re: Making a New Year resolution plan is Important. on: December 09, 2023, 01:55:39 PM

We live in an unpredictable world where nothing is certain. I had so many plans for this year but most of them don't come to pass not because of my fault but due to unpredictable events. I never knew that my country's currency would lose close to fifty per cent of its value. I also didn't foresee that the government would stop subsidising some important products like petroleum. All these unpleasant economic events affected my plans negatively and it became difficult to meet some of them. However, I am pleased with the little I achieved.

The description of life's challenges that you share is very insightful, it's not just you, perhaps many people have experienced this in the face of economic uncertainty and unexpected events. Even though there are obstacles, I agree with remaining grateful for the achievements that have been achieved even though they do not meet expectations.
 Hopefully next year will bring a positive impact and greater success for all of us.
144  Economy / Economics / Re: The power of investment choices on: December 09, 2023, 01:34:07 PM
I think that there will be a lot of experts again this time because of how fortunate they are with their crypto choices. Not saying that everyone of them is going to express how they'd able to choose the profitable coins that they've bought. But this has become a norm everytime we enter in the bull run. The difference is that, they're lucky with their assets so they got something to boast but that doesn't mean they're actual experts. Sometimes, this market is just all about luck and don't need that any tip of being good in choices but still, you're better being good in choosing what to invest.
I agree with your view bro, in my opinion it's not really how skilled we are at doing it, but it depends on the luck we get. And in my opinion, even though there are experts who have succeeded in choosing profitable assets, there is still risk in it.
145  Economy / Economics / Re: I spoken with very old and smart person. About economy and future on: December 09, 2023, 03:26:41 AM
Enmity between the US and Russia has been going on for a long time, and China has become America's biggest enemy in the middle. China advances relations with those with whom the US government builds good relations, or China supports the opposite country that the US supports. American products are banned outright in China and as far as I know Chinese government officials are completely banned from using Apple products. In the war situation between Ukraine and Russia, America directly took the side of Ukraine, on the contrary, China helped Russia. Russia, China, America, these three countries are economically and technologically powerful countries in the world and the military forces of these three countries are strong enough and their military budgets are high enough.
Yes, these countries are strong economically, technologically and have quite high military strength, but in an international situation like this I notice that it is only a competition of global powers, but on the other hand I am also worried about the impact on world peace.
146  Economy / Economics / Re: Do brands that take sides on divisive issues lose market share? on: December 09, 2023, 02:38:35 AM
its always been like that taking side on divisive issue cause the company to lose the customers on the other sides, so many companies out there are trying hard to stand neutral but alas some of the side supporter of divisive issue sometime so aggresive they consider even the neutral side to be against them thats the thing with most of the companies nowadays, since company exists to make profit they naturally just gonna go with the flow not taking either sides, different if in a country in regard of the divisive issue the general opinion of the public of such country leaning towards the other side much more the company will definitely follow the general masses opinion and would also take sides since it would also mean that there'd be no meaningful lose to take the sides and instead might gain favour for them and put them in a spotlight.
Your insight is truly extraordinary, indeed neutral is the safe path for companies that are aware of the impacts that occur. However, it does not rule out the possibility that the company is playing behind the scenes.
147  Economy / Economics / Re: Any business where today you launch, tomorrow you begin making profit...? on: December 05, 2023, 04:15:38 PM
One type of business that can be profitable as soon as you start it is a service based business. By providing services such as consulting, freelance writing, graphic design or tutoring you can start earning income right away. With minimal startup costs & a focus on leveraging your skills and expertise you can quickly attract clients & generate profits. Building a solid reputation & delivering exceptional service will be a key to sustaining & growing your profitability in the long term.
I agree with your point about service based businesses. It's just that a business like this requires quite a long learning time at the start, service is required to be professional, such as a friendly attitude full of hypocrisy for the sake of customer comfort, and we need to remember the term customer is king, if they are not served well, don't expect them to become your regular customers.
148  Economy / Economics / Re: Inflation overpowers the value of money on: December 03, 2023, 02:23:15 PM
To begin with, inflation is not a discrepancy. Inflation is an integral part of the current economic system. Echoing franky1, it's there by design. It's intentional. It's there on purpose. It isn't something that takes place because of incompetence or failure on the part of the government or because of something beyond the control of economic managers. That the prices of goods and services will continuously increase and that the purchasing power of money will continuously weaken-- albeit in a moderate and controlled manner-- are part and parcel of what is considered a great economic design.
Yes, that's how it is, I also know that information from several sources who say the same thing. However, we can only live with what is already in the system.
149  Economy / Economics / Re: New business idea. on: December 03, 2023, 01:49:45 PM
I would have posted this thread on my local board (Nigerian local board) but I didn't because both Nigerians and other countries can still benefit from this little business idea.
The kind of business I want to share is what is called graundnut oil making. This business idea can help someone that doesn't even have a skill and someone that is not even educated, all the person just needs to have is the money to buy the manufacturing equipment that's all.
With this graundnut oil making business, one can get the kind of life he/she wanted because the demands in this graundnut oil making business are a bit high. One can even start with a little money. However, this business is also an investment. If one can dedicate more time to it, he/she can benefit from it (can make it a company).

this information shows how the demands of the graundnut oil is in my country today is.
You can also watch a little on how to manufacture the graundnut oil, I can even invest more if I have this business and start making more money, so what are your takes in this idea?
I think the ideas you share are very helpful, it's just that there are people who don't want to use it as an income, perhaps due to several factors including:
1. People who are afraid of failure in undertaking a business
2. Traumatized by business events that have occurred
3. Difficult promotion to sell
and this has probably been experienced by everyone who starts a business, because independent business is full of ups and downs at the start and difficulties faced, especially for those whose mentality is not yet at the entrepreneurial level.
However, this can be minimized by making efforts to correct past mistakes and being determined to achieve results from your efforts. The point is to learn and continue learning in developing the business you are running.
150  Other / Archival / Re: paying a mortgage the easy way (save money and pay off sooner) on: December 01, 2023, 07:46:29 AM
The shorter the duration, the smaller the interest rate.
The longer the duration, the higher the interest rate.

You're using an example where taking a mortgage for 15 years and 30 years has a same interest rate, this is unrealistic you will not find this in reality since they've calculate it.

There's no trick to save money except using an old school strategy where the house is used for rent, making money etc.
What you say is true, and where I live there is a house rental entrepreneur where every month he makes a lot of money from it, in fact it is considered net income because he applies a rental system only and does not include electricity, water and other costs. etc. (It's all borne by the renter)
151  Economy / Speculation / Re: Has anybody expected this? on: November 30, 2023, 03:33:46 AM
Many people say that, and starting at the end of 2023 this spike will begin to occur. Will everyone be competing to invest their money here!

-edit-
Yeah @itorai. Many people have expectations in this direction, especially in 2024, will it come true or will the dump be even worse than yesterday and Have you started now?
For now I don't anymore Grin
because I started it a few months ago.
#Everyone's beliefs can have a real impact

So, I followed the flow of all the information I got.
152  Economy / Economics / Re: Growth mindset versus fixed mindset on: November 30, 2023, 02:27:34 AM
There are people that can't change their minds and that's why they're stagnant and static to what they believe and that means that they're fixed mindsets. And as for the people that has the growth mindset, these are the people that are not afraid to take risks and they always look for room of improvements. They don't give up easily and having this mindset is a gift and it's also being built and developed overtime. With all of the experiences that you've got, you learn how to have a growth mindset. I think that the successful people have the growth mindsets because someone who's stagnant will never grow and successful like them. Or they can be successful, the fixed mindsets but in other ways compared to the growth mindsets. I think the common trait of people with growth mindsets is they always look for challenges and problems to solve.
There's some truth to that, it's just that if we do it carelessly (experimentation), the results are not guaranteed, the people around us might get tired of seeing what we do.
Sometimes in the business world there are ups and downs that drain our energy, even to the point of exhaustion when we see results that are not commensurate with the effort.
In my opinion, it is mental that influences all of that, therefore it is very important for us to pay attention to mental, and it is better to learn more about it.
153  Economy / Economics / Re: It ain't meant to be easy on: November 30, 2023, 02:00:10 AM
What you say is very true, I am still learning and developing my knowledge here, but sometimes I hesitate to express my opinion because I don't fully understand the rules in this forum.
I am glad you found my words convincing, we all are in the learning phase even if we become legendary too and the funny thing is, as a Senior member of this forum I lack a lot in terms of technical knowledge and sometimes I make statements on which I have to feel regret because when OGz found that mistake they do not guide you without roasting hehe.

That's part of the funzies of the forum, and also part of the reason that humble and thick-skinned newer members will likely grow in rank faster.. as long as they are learning along the way, attempting to grapple with topics, and trying to post interesting points from their own experiences.

You really helped me friend. I'm happy to take the time to learn and continue to learn better here and it's true that I have to be thick-skinned because I feel that's the reality.
I'm sure I can be a great person like you @JJG. Wink
154  Economy / Economics / Re: It ain't meant to be easy on: November 28, 2023, 11:46:37 AM
but sometimes I hesitate to express my opinion because I don't fully understand the rules in this forum.

Speaking out your opinion has nothing to do with the rules of the forum; as long as the forum is concerned, you can air out your opinion, and it's not going to cause any harm to you. One of the offenses that the forum doesn't seem to handle very well is when you are using an AI bot to write comments or when you are committing plagiarism. If you air out your opinion and others feel you are not right with what you are saying, they might criticize you, but at least you will learn from it since you are very conscious. Feel free to speak out your view; we learn every day. You never know who is always reading your comments and when they have learned anything from them or not.
Oh I just found out if there are people who pay attention to me in the comments I make, why does that happen and why is it done?
155  Economy / Economics / Re: It ain't meant to be easy on: November 27, 2023, 04:30:33 PM
I doubt this topic belongs in this thread but you have made a point though. And i can't agree more with you. Nothing in the world is easy even crypto itself seems to be so easy and a lot of people think (All we have to sit in front of laptop/mobile to make money). But in reality a person at start can not manage to sit for 4 to 8 hours in front of devices. Then these types of persons leave the industry or that work by complaining the work is not suitable for them. Actually what you are trying to do here is motivating new comers to not to leave this platform because many people do leave this platform for many factors.

Overall, we should also support them like we were supported when we were new, my local community members really motivated me encouraged me and cared about me in many ways that i can not think of. So, whenever a newbie came in our local community or even in any board i when see there post i also try to encourage them Because nothin is easy for anybody everybody have to make efforts to achieve something and that how economy works too. So we have to be hardworking but at the same time smart worker too.
What you say is very true, I am still learning and developing my knowledge here, but sometimes I hesitate to express my opinion because I don't fully understand the rules in this forum.
156  Economy / Economics / Re: this makes a huge impact on the economy. on: November 26, 2023, 07:46:55 PM
(Cut a little)
 but keep enough cash for savings/emergencies.
It's true what you said. We should set aside money for savings for emergencie (Cut a little)

(Cut a little) all these couldn't have been possible if we have not been making savings to have enough to use in terms of needs.
Indeed, while there's a steady income (monthly or annually), why not save some of it? Even if we set aside a small amount, when calculated, our savings often don't seem too significant (fairly substantial). It's a different story for those without a fixed income – let alone saving, meeting daily needs becomes a challenge.
157  Economy / Economics / Re: Bitcoin's Impact on South Asian Economies. on: November 25, 2023, 03:38:48 AM
I’m from South East Asia. Even though poverty is very high here, Bitcoin is still not popular among the poor since they can’t afford to out money on investments while their salaries is not sufficient to their daily needs. Most of the poor here don’t have a chance to know or invest on Bitcoin.

Although Bitcoin might really help them to break free to poverty. Having the money for investment is the biggest concern since poverty is cycle here that passed down to children and so on since jobs here doesn’t pay well even with bachelors degree.
Yes, what you said is correct.
Even though bitcoin is good, if we don't have the money to buy it, what's the point?
 Never mind that buying BTC for daily food is not easy.
So I think it's really important to figure out how to help people have more money first before they think about investments like Bitcoin. Yes, like opening up job opportunities, and so on.
158  Economy / Economics / Re: this makes a huge impact on the economy. on: November 24, 2023, 05:08:49 PM
(Cut a little)
 but keep enough cash for savings/emergencies.
It's true what you said. We should set aside money for savings for emergencies for financial stability. The importance of budget management and savings is so important to face financial challenges.
Note: Prioritize saving to anticipate emergencies (unwanted things).
159  Economy / Economics / Re: Insurance is important on: November 24, 2023, 04:47:02 PM
(Cut a little)
To enter these six insurances, you have to pay a monthly fee as a mandatory requirement because this is what makes some people feel burdened Because not everyone has a fixed income and if they don't have an income then it is impossible to afford the monthly expenses. If people have a good source of income, then insurance is the right choice because it can protect health, education and damages costs when unexpected things happen.
You have discussed various types of insurance, while monthly costs can be an obstacle, insurance provides important financial protection against unexpected risks. Choosing the type of insurance that suits each individual's needs and financial situation is a wise step to protect yourself and your family from large financial losses.
160  Economy / Economics / Re: The impact of war on global economy. on: November 24, 2023, 04:28:19 PM
Of course, war usually has a profound and lasting effect on any economy because it affects the overall economic stability of that country. Nothing will function well because of the impact the war has caused. war brings about inflation, trade disruption, currency devaluation, an increase in government spending, and lots of infrastructural and human damage, so many refugees and IDP camps to mention a few.
Oil plays a significant role in modern warfare due to its role in energy supply, logistics, and so on but there are other resources like information, food and water, mineral and material resources, economic and financial resources that also help in determining the outcome of a conflict.

You are right, the impact of war involves various aspects, as you mentioned, and food does play a key role in determining the success or failure of a conflict. Apart from that, war also leaves scars that are difficult to recover from, both in terms of physical damage and psychological impacts on the people involved.
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