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1501  Economy / Economics / Re: Food prices doubled this year on: September 23, 2020, 05:52:51 PM
Have you heard the term Inflation before? It simple means more money has been printed every year while adds more in the circulating supply as a result of this the purchasing power of your money is going down every year.

I dont think so. Inflation occurs when there is too much money in supply than the goods.  The reason for the current increase in food prices is not the government's printing of money.  In my country, there is no money printing policy, but food prices have increased by a few percent, although not double.  This is because the availability of foodstuffs cannot fulfill the needs of the entire society so that it increases.
1502  Economy / Economics / Re: Enough with BITCOIN SAVE us or the economy on: September 23, 2020, 04:56:16 PM

They are becomes dependent to the bitcoin. They are too much distracted with the use of the bitcoin. Mostly I saw this kind of thread to the newbies who just a first earner of the bitcoin, they think if they will continue this kind of business they will become an instant millionaire, even this could possible happen but still there is a risk and not a 100% you will get an income with this coin.

BITCOIN SAVE is a looks like a cult today and giving a mislead information to the other people.

Many beginners think that bitcoin can save their economy even though investing in bitcoin is not as easy as they think.  Bitcoin requires even more knowledge and experience to benefit from it.  Unlike stocks that can be studied fundamentals.  Unlike other investments, a business feasibility study can be calculated.  Bitcoin requires a bigger sacrifice to make a big profit too.
1503  Economy / Economics / Re: Covid 19 shows how weak People are in the it mind on: September 23, 2020, 02:41:42 PM
COVID is a burial ground for businesses, how did they do in the pandemic to make their business exist?
Both hourly workers or in companies are unemployed. If you talk about trading electronic money, gold, stocks, or forex, making money for everyone during a pandemic is not correct because not most people are knowledgeable about trading and take risks when trading. Translate.
For an unexpected incident like a pandemic, no one has the knowledge or experience to overcome it.

This pandemic has truly become a blow to everyone, not only for low-income people, but businessmen have also been beaten to the point of bankruptcy.  The economy has been hit hard just because of the spreading virus.  Usually the economy collapses due to rush money or other actions, but now even viruses can weaken the world economy.  This continues to be burdensome to the human mentality that is affected by it.
1504  Economy / Economics / Re: Kinh tế không dùng tiền mặt: Xã hội đã sẵn sàng cho chuyển đổi? on: September 23, 2020, 02:09:07 PM
Economic constraints on cash already exist. People shop more on online commerce sites. Amazon, Alibaba, eBay ... many other websites are conducting transactions online. Everyone is satisfied with the quality as well as the delivery time. Most people pay by bank card or visa card.
In a pandemic, cashless priority is also an effective way to prevent the spread of the virus.

Yes, that's right, in cities, many people have reduced the use of cash and switched to cashless.  However, in my rural area, people are still dependent on cash because they don't really understand how to use an e wallet or use a debit / credit card.  Public readiness for cashless is not evenly distributed.
1505  Economy / Economics / Re: Food prices doubled this year on: September 22, 2020, 02:03:25 PM
When the lockdown was first declared, a lot of people were clearing out the supermarket shelves, and were gathering whatever they could find. As a result, the supplies were running low and the prices would have climbed in the black market. But the situation came back to normal in 1-2 weeks. Here in India, a number of smaller shops were indulging in hoarding supplies, so that they can sell them at 2x-3x prices later.

Is this problem still happening in India until now?  Actually, hoarding by individuals for profit also occurs in my country, but the government is quick to deal with this.  The government should also be firm in punishing people who hoard basic commodities so that this does not happen for a long time.  If the price of food could increase 200%, it would kill many poor people and leave them starving to death.  It is very sad if because of the pandemic, more people die from hunger than from Covid itself.  Those who are rich can still buy even though the price has increased many times, how can the poor survive?
1506  Economy / Economics / Re: Covid 19 shows how weak People are in the it mind on: September 22, 2020, 01:49:42 PM
People lose their jobs quite frequently and this was the case even before the pandemic started spreading. That doesn't mean that they need to remain depressed and get addicted to drugs and alcohol. Normally when someone lose his job, he will try to improve his skill set and apply for new jobs. The spare time will be used to learn new skills, that will be useful at the job market.

True, job losses also occurred before the pandemic, but they were exacerbated by the pandemic.  I'm not saying we have to use drugs and alcohol to get depressed over that.  However, with this pandemic, we still have to reflect on ourselves and the mistakes we often make.  The loss of jobs is so severe, the economy continues to burden low-income people, expensive medical costs, diseases that spread very rapidly, as if they continue to hit the mental health of many people.
1507  Economy / Economics / Re: world economy usa will be first country tunr back to normal huge bull run world on: September 22, 2020, 07:01:31 AM
Is that your fantasy, or do you already have some reasons to write something like that, then it would not be bad if you post a few proofs, otherwise these are just simple words
 

Most of his posts were actually lacked of source link . Or if ever this is his pure speculation without any basis about USA economic and financial bull run, then he should also state his reason why it will gonna happen two years from now.

That's right, the OP often posts a lot of economic forecasts but without clear evidence or supporting articles.  His posts are also sometimes too exaggerated and like a breath of fresh air for economic conditions in the midst of a pandemic that does not yet know the end.  The US economy may be better than ever, but with the pandemic still not stopping its spread, the world economy will continue to be burdened.
1508  Economy / Economics / Re: Crypto is becoming legal in my country! Any business idea? on: September 22, 2020, 06:35:48 AM
First of all Congrats.
I have read about a lot of cryptocurrency business ideas on the internet. I want to share some of these with you. It may help you.

1.You can start a Cryptocurrency exchange.
2. Cryptocurrency MLM Business.
3. Cryptocurrency Escrow Services.
4. Cryptocurrency Wallet Business.
5. Cryptocurrency Lending.
6. Buy and Sell Bitcoin Online like Paxful or Localbitcoins.
7. Cryptocurrency Based Online Gambling.

Those businesses require large sum of money. So the OP can start looking for private investors on this venture.

Yup, All of these ideas really need a large amount of money, relationships with many people, groups and even companies to run well. If the OP owns the capital, this kind of business is quite promising.  OP can create startups in the crypto field, and that requires a lot of capital.
1509  Economy / Economics / Re: bitcoin dont pay our billls we need passive income on: September 21, 2020, 05:34:28 PM

However, perhaps OP thinks that bitcoin can't give passive income, well, that's wrong. If you have skills in trading, there would be a passive income even every day, but it is quite risky.

Yeah right, trading can be a solution if the OP expects passive income from bitcoin.  Trading can provide big profits, but don't forget the high risk high return. Don't be lazy man, who expect government will give you free money. There is no free lunch man, you should remind that.
1510  Economy / Economics / Re: Crypto is becoming legal in my country! Any business idea? on: September 21, 2020, 05:10:58 PM
Hello all,
Cryptocurrency is becoming legal in my country, Albania. The government will make some laws to regulate the crypto in my country in September (god knows what).
Is anyone here that can give me any businesses idea? Or our gold time will be over after that?

Thanks!!
After a few years of making money in this crypto market, I also realized that the two most stable crypto businesses are opening an intermediary exchange or mining coin. When your country is legalized, the taxation will not be too high and mining will also provide a very stable source of income for you.
It is also a good idea to open an intermediary exchange as you can make a lot of money based on the volume of transactions per day in your country. Please depend on the situation as well as the price to make the most suitable choice.

Mining is definatepy not a stable business.  Between price fluctuations in crypto as well as hardware always changing.  If crypto is becoming legal why not start a traditional business and just accept crypto as a form of payment.  That would hedge yourself.

If it is only used as a form of payment, there is no big benefit from the government legalizing crypto, before it was legalized crypto could also be a form of payment right?  seems like another idea for this legalization, you can start trading, mining or other things that can make a profit from the crypto.  The point is don't just focus on one way of investing.
1511  Economy / Economics / Re: Cashless Economy: Is Society ready for transformation? on: September 21, 2020, 03:45:30 PM
Are you sure that society want this transformation? For some people cash is just enough

I'm not sure the whole society wants change especially for those who live in the village.  But what is called the demands of the digitalization era, whether you want it or not, the change will definitely happen.  For example, in fact, a marketing strategy, like it or not, a company must use a digital-based marketing strategy, even though there are still many SME whose human resources do not have the ability in their fields.  Cashless too, this transformation will happen sooner or later.
1512  Economy / Economics / Re: Covid 19 shows how weak People are in the it mind on: September 21, 2020, 03:24:58 PM
Not all people are weak. Covid 19 maybe a lesson or an alarm for future. Due to covid 19 I'm spending time for myself, learning new things before that life was all about work, eat and sleep. There are more negatives than the positives. People are losing their jobs, GDP down etc.. We need to learn from this pandemic and be prepared for the future. Nothing stays same for forever so this will also go away.

You need to be positive in life, whatever situations as long as you are looking at the positive perceptions things still be great.
We can't tell say how long it will take but life needs to continue and we should be aiming for anyway to survive, learned to adopt
and it will balance your life.

Can you still think positively when bad situations such as losing your job, your family can't eat, even getting divorced?  This pandemic is like a warning to humans for all their behavior so far.
1513  Economy / Economics / Re: bitcoin dont pay our billls we need passive income on: September 20, 2020, 04:33:36 PM
I don't know what is the connection between pay bill and passive income. Actually your question isn't clear enough. Bitcoin isn't available in every country till now. But in future, we can expect bill pay services.

Very unclear indeed.  The connection between pay bill and passive income here may mean that bitcoin cannot provide profit to pay bills and he expects the government to provide passive income to pay bills. He's not talking about available or not i think.
1514  Economy / Economics / Re: COVID19 VACCINE AND ECONOMIC GROWTH? on: September 20, 2020, 03:26:00 PM
I am sure that with the immune system people can survive with makeshift drugs instead of having to wait for vaccines that are not clear and even expensive if there is one.

Unlike the vaccines, they don't need any clinical trials to support such advertisements.

Weirder phenomenon in my country.  People believe more in traditional medicines, fruit, or natural ingredients that contain substances that are said to increase immunity than vaccines developed.  Even my own mother forbade me to get the vaccine if I had the chance.  How strange, right?
1515  Economy / Economics / Re: Enough with BITCOIN SAVE us or the economy on: September 20, 2020, 11:36:37 AM
Bitcoin is a focal point for easy peer to peer transaction, and to can serve differently to different people, if BITCOIN doesn't save an economy during a pandemic, economic crash won't make BITCOIN a failure.

It seems too much if enough bitcoin can save the economy.  Well you're right in some bad situations, bitcoin is still survive but not forever only with bitcoin can save us or the country. Invest in other assets, so that in the future you will not regret being too dependent on bitcoin.

We need to thank bitcoin because bitcoin now survives and tries to increase, although it is difficult.
Yes, bitcoin saved many people in 2016 for the first time of the highest price that we saw, and that makes people believe that bitcoin will be their savior again in the next bull run.

Thank you for bitcoin that still survive but remember not to put too much hope on bitcoin.

1516  Economy / Economics / Re: Food prices doubled this year on: September 20, 2020, 10:36:35 AM
I'm just irritated to the fact that some resellers makes the price higher so much, they know that it's pandemic so economy is down, yet they still grabs the opportunity to sell their products in high prices.

People like them do not deserve to live in society and the government should be firm in addressing the problem.  Those who raise their prices by cheating should be sentenced to life in prison.  So that something like that doesn't happen again.
1517  Economy / Economics / Re: as im economy person with my info the investors could make good profit on: September 19, 2020, 07:01:52 PM
the next week usa will ease all the restrictions the stock marktet will go high up.
the uk will announce the economic situation is bad and uk stocks will fall.
oil price will start slowly recover on monday usa time 12.35 day time.
bitcoin off course will turn in to bull market  new york will announce next week by wedendsaday that they will become the world example of easing restritcions and usa will convince other countries too to ease all the restrictions.

Your predictions will not come true as long as the pandemic is not over.  No matter what policy is made, stock prices and oil prices will continue to fall during this pandemic.  Even if the US loosens up its stock market policy, it won't last long if the number of covid patients continues to increase.
1518  Economy / Economics / Re: bitcoin dont pay our billls we need passive income on: September 19, 2020, 06:20:07 PM
What if the price goes down and stay that way for a very long time? Huh What are you going to do about it, keep relying on the profit you made in the past? For how long? So man this is not something you should fully rely on, get another job Too.

Break your investment not only focus on one asset but also to many other assets in order to minimize the risk of loss. If the price of bitcoin falls, by investing in other assets it will cover losses from the decline in bitcoin prices. Be a smart investor so that your portfolio can be a promising passive income
1519  Economy / Economics / Re: Sales of wedding rings are increasing on: September 19, 2020, 08:29:56 AM
If that problem occurs in your country, I would instead see the phenomenon of increasing pregnant women and many marriages that are only done at home or at church with the closest family due to the pandemic and reduced wedding costs.  But it is undeniable that divorce also occurs but the phenomenon of selling wedding rings is not significantly visible.
1520  Economy / Economics / Re: Trump's Economy or Biden’s Economy - which version is better. on: September 17, 2020, 05:16:40 PM
Too many campaign promises made by both of them.  In fact, there are still many promises that have not been kept until now.  The current economic turmoil is exacerbating the condition of America.  What is needed is not a rhetorical leader who pledges without much tangible benefit to society.  I saw both of them only focus on themselves in winning this election.  Without thinking about the best strategy in dealing with the economic problems that are currently happening due to the pandemic.
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