How to save savings in inflation, there are many deposits provided by the bank, but banks often go bankrupt, does it make sense to buy gold? How is gold bought in a bank and interest is issued on it?
Neither gold nor bank savings accounts are a financial tool that are viable for trying to keep up with or surpass inflation. There is a savings account, or money market on the planet that pays a rate that is as high as inflation is..so that doesn't work. Gold, which should be bought personally, and only stored in a bank vault, not bought at the bank, is a hedge asset, and one that is not meant to be an investment, something that keeps up with inflation (while it certainly can in the right conditions, it's not it's inherent purpose, or shouldn't be). So the answer to just be well diversified. Have a short, mid and long term bucket of money. Have money in savings, have some in physical gold and silver , own a retirement plan like a 401k, as well as a basic brokerage account to purchase things like individual stocks, own bitcoin....diversification is king. |
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Bitcoin exist for over a decade yet there’s only few percentage of the human population is involved on Bitcoin investment. Not because that the majority of people is not aware nor exposed but because they are the victim of economic lie such disinformation towards Bitcoin through negative propaganda of Banks.
We are all being feed of wrong information of economic norms by the billionaires that benefiting the current system. Bitcoin is the best asset to invest in terms of price growth on long term period yet people are still scared to touch due the wrong information given by the main stream media.
In the country that I live, Bitcoin has a stigma of being a scam because our own government warn the public to not engage on Bitcoin investment due to a lot of scam involves it and the volatility is high. Most of the people here including the old professional don’t dare to touch it despite Bitcoin already has good price history.
I'm guessing that you live in a place where your government is opressive..at least to an extent? If so, don't people realize that, and then think to themselves, "well if my government restricts much of what I do just in general, and try and control us..wouldn't it be the same thing with what they are telling me and our citizens about bitcoin?"...maybe this isn't the case for you OP...but it is for a lot of people across the globe..and I just always wondered if people put two and two together. |
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It's only going to get bigger and bigger too..I mean we are just touching the very TIP of the online gambling industry. Here in the United States laws around gambling have become much more relaxed, especially in states like my own, Illinois, where gambling has been legalized across the board..however even here for many online casinos you have to initially set up your account using the casinos IP address. Then you can bet anywhere, but must set up the account at the casino to start. Before long this will no longer be a requirement for casinos across the country, which will only had to this explosion. Then the rest of the world will follow the western world before long as follow suit...again, just the tip is where we are right now.
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I once placed a bet on the underdogs and won. At first, I just casually placed bets on this team, because these underdogs were against my favorite basketball team
That's hilarious, you managed to bet on an underdog team where it match against of your favorite team, most gamblers are denial and they will keep to bet on their favorite team despite how bad or good the favorite team is. It's why a wise bettor will not care with his favorite team or not, he will analysis and bet on the team which he think will win. Some underdog team can win due to many fans are overrated the favorite team. I see this all of the time whether it's betting games (picking odds/covering spreads whatever) or whether it's playing fantasy football, people LOVE to bet on the teams that they, well..love. The worst thing a gambler can do is bet ( and I include fantasy football in the betting conversation) with their heart and not their head. It's the easiest way to lose money. I made this mistake betting on the Cubs/Bulls/Bears as well as going out of my way to pick guys from these teams in fantasy...and got burnt enough times to learn from this common mistake. |
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Trying to decide how I'm going to bet both of these games tonight, and coming up a bit empty. They are both great games, obviously with both series tied at two-two, but of course it makes it more difficult to bet, at least in my mind. I'm probably rolling with Sixers as I can't justify an 8 point spread favored for the Celtics, as well as the 7 point spread favoring the Nuggets, just can't take either being so high..so will bet on the Suns and Sixers.
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I am very fortunate that I have finally found a job that I really enjoy and that pays me a very fare wage, and I sympathize with those who are still on that journey to finding the right job, a job that pays well and enables someone to live a life free of worry whether they will be able to pay the next rent payment or not..with that said, I'd still absolutely consider working over seas, but not long term. Short term, I'd consider living and working anywhere.
I thought about teaching English in Japan many year back. Apparently there's positions like this that don't even require the teacher being fluent in the other language. I had a friend who did this, moved from the US to Japan to teach English, and do so for 4-5 years.
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Oh man, I sure as shit wish that the fall of 99% of these bitcoin or crypto "influencers" would happen and happen much sooner than later. I am by no means a bitcoin expert. I am very far from it and have been the firs to admit that since I found bitcoin back in 2013/14...but I swear I hear these so called "experts" with shits tons of followers, I mean hundreds of thousands of followers, say some of the most ridiculous shit left and right and over and over...and yet people still follow and listen.
People are inherently stupid, and I don't see that changing anytime soon..so no, I don't think we've seen the end of these "influencers". ( Thank god Andreas is back!)
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The transaction fee on Bitcoin is increasing day by day. It cost now 14$ for a low-priority transaction to 17$ for high priority transaction. I was planning to make a deposit today on my casino account until I notice the high fee on my electrum sent tab. The fee is almost 5% of my total bankroll that I was supposed to deposit. I decided to rest for now since I will be down immediately by 5% for a transaction that I don't know when will gonna be confirmed. Is anyone still playing today with this high fee? I think those gamblers that leave funds in the casino are very happy that they didn't need to experience this fee drama. This is a good question. I was going to send some more bitcoin to my gambling account, but the fact that the pool is so full and transactions are so expensive right now, I am stuck with what I've already got loaded in my account. Sure I could send with a higher fee and get it to my wallet in time for the Lakers Golden State game tonight, but I never bet enough to make that worth it's while. So...I shall send with a low fee here sometime today with no rush, getting myself ready for the upcoming late week/weekend. |
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Upsets are rare and profitable and not everyone has the courage to take a risk and bet on the underdogs, but those who do are rewarded with huge profits.
So I'd like to ask
Have you bet on the underdogs and won?
How many times you did this?
And what made you bet on the underdogs is it because of insider tips or just an insight based on your analysis?
Your level of risk when betting for underdogs in the hope of winning by upsets?
lol I wish that I had insider information to be able to make those sorts of bets (kidding, of course, that would be both morally and ethically wrong). I bet on the underdog any time I get the opportunity. What I mean by that is any time that I believe the underdog is the better of the two teams, I'm all over those bets. I'd much rather bet the odds receiving "+" points versus "-" points. My best wins are when I bet on underdogs..they definitely hit more than the other way around..for me, that is. |
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Looking forward to this Lakers game. Now that the Suns are making their matchup a series I’m hopeful I might get to see a LeBron James vs Kevin Durant matchup. Tonight the Lakers could put the Warriors backs to the wall so it’s a somewhat important game for them to win. I’ll be watching and hoping the champs lose.
You don't want to see Durant and the Suns go up against golden state? Would make for a great series. With jokic playing the way he did and Durant and book playing lights out I'm not sure this thing won't see a 50/50 game 7. The more I watch the playoffs the more I gotta think the Champs coming out of the west. East is looking a little weak right now. Oh I don't think that there's any question that the champions are coming out of the West (of course unfortunately for you and your Knicks, of course not like you had any grand delusions of going all the way or anything..but gotta say heck of a year for them. Proud of my boy Thibs). I myself am pulling for Phoenix LA. I just want to see Lebron and not Curry advance. I can't stand that mouth-guard chewing cock mf lol. Lebron vs Durant is pretty sexy gotta admit. |
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I laid down a bet on the Golden State Warriors last night, and I figured they’d win, but I was not expecting as 20 point blow out. I just don’t understand why Anthony Davis wasn’t more involved on the offense end of the court. He was shooting at a 50% clip, so it’s not like he was having a super off night..but 11 points is just extremely inexcusable.
Lakers favored for Saturdays game..not sure which way to lean.
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Although I am a Bitcoin maximalist, I believe that you should diversify your savings as an additional security measure. It is also important to keep some savings in easily realised assets. Bitcoin is great as a long term hedge against inflation, but I don't cosider it to be an easily realised asset. Of course it is a simple matter to sell coins for cash, but its volatility means that it is important to time the sale. The law of maximum perversity states that when you need to sell Bitcoin, its price will be at its lowest ebb. Bank savings accounts can enable you to withdraw funds almost immediately, but the interest rates are low. In view of these facts I decided to purchase some UK National Savings premium bonds last December. These are government bonds that don't pay any interest, but the interest from all of the savers' bonds are placed in a prize pool, and prizes are awarded each month. The prizes range from £25 to £1,000,000. I won £50 in this month's draw, and the money will be paid into my bank account, and it is tax free. Now what should I do with the money? I could use it to buy more bonds, as the minimum purchase amount is only £25. Alternatively I could buy a few Satoshi, as I believe that we will see a sharp rise in the price of Bitcoin later this year, or perhaps early next year. The million pound prize is tempting, but so is the doubling or tripling of the Bitcoin price.
Hey Jet, hope all is well buddy haven't spoken with you in some time. As I've blabbed about a million time on here I'm a financial advisor, so I always like to read these types of posts to see what people say/ask. I love learning about new products and I have to say I've never heard of anything like these "UK National Savings premium bonds" that you mention have no interest but are held in a pool which pays out wins like a lotto..this is an interesting concept. I'm curious how much is in each pot, how often do people win, and how much of the pots holdings get paid out (like percentage wise). I of course agree with you that diversification is key. Have always been a fan of everyone owning some bitcoin in their portfolio (as long as you're financially able to do so). And that's funny you mention how bitcoin is always down right when you need to sell..so true! |
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Celtics should have played in the first game like this for sure. Keeping Sixers under 90 points? That is a huge achievement, and I think it could have been 100-105 and I would still say good enough defense but this is amazing. Losing your very first game of the seriest at home will hurt them. Now they are going to Philly and they will need to steal at least one game, preferably the first game so the series is 2-1 ahead like it suppose to be on third games for the home team, 2 wins at home means you can lose 2 at road and still be fine.
So, Celtics will look to steal one as well, I will bet that they are going to win the third game, I could of course be wrong, but that just what they suppose to do, will they be able to do it is beyond me for sure.
This one is gonna go the distance I think. Celtics always look insanely good and then throw in a stinker. Gonna be a fun one to watch. Tonight laying in on the Warriors-6. They can't go down 2-0 going to LA. I feel a steph 40+ incoming tonight. No way he defers. Might take a look at the over too Just sent some orange coin to my gambling account and was mulling over these same sentiments that you’re laying down here. I just can’t see Golden State going down 2-0 in this series, not being at home again tonight. Curry, as much as I can’t stand the guy, is one of the all time greats with plenty of playoff experience, so this is nothing new for him tonight. I’m pulling heaving for LA, but win or lose I win either way as I’ll win money or the team I wanted wins lol |
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Thanks for sharing these. I did make myself some coffee and biscuits (well it was actually a protein bar but biscuits of some kind would have been much more enjoyable) and read through the draft grades. It was nice to see my Chicago bears at the top of that one article and receiving an A grade on top of that, love to see it. The big O-Lineman they selected should help give Fields plenty more running room this coming season, which is a scary proposition for defenses. |
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<Snip> It's interesting that the Crypto Guard box refers to the device as a hardware wallet, while the site you linked to calls it a device for password-protecting private keys. I guess it can be considered as both. it generates its own public and private key pairs, but the question is how secure all that is? Despite not being expensive, it's safe to say that the device never became popular, as there is almost no information about it anywhere. I certainly will never be using it. But I was hoping that someone here had used it before or at least knew of it. Well, it's a good thing in terms of collector value that it's so unknown.. glad I picked it up! I've got a few other wallets I use or have used yet to post, will do when I get a chance to dig them up. |
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This is pretty well said overall and I agree with most of it. I can't say I agree with "always use cash" because it's important in some places to build up credit, and you build up credit by showing you can manage debt. If you're good at it, then your "credit score" goes up, and it will make your life easier and cheaper by getting better rates for homes, cars etc.
The number one issue I see people making is not using a budget. Doing a simple monthly budget can easily put so much in to perspective. This is something I advise all my clients to do.
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This is a really tricky one. I think if you do decide to go in to business with a friend, first you better fully trust in their skill level and what they bring to the table, forget friendship for a moment. If you do, and you see something special in them, then maybe it's worth considering. I have a friend who always mentions wanting to open a business together. I would never ever do so because I don't trust their business savvy, or lack thereof. Plus you risk ruining a relationship (this is always a risk)..so if you do decide to try it...know what the possible outcomes are.
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Well people who think or say that bitcoin is mostly used for illegal or nefarious type things, typically don't have a single clue about bitcoin and how it works. They just tend to say this because they don't like change. They don't like the idea of traditional fiat currency being replaced.
I believe that bitcoin can still fully be used as a currency, and sure it's volatile but it's going to take time to level out, and I think it will.
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Maybe one last ride huh? Warriors vs Lebron again and Lebron managed to get the first win, that's a good thing for them, definitely a good way to break the home court advantage and should be considered a great deal, I hope that they can keep doing that for a while longer.
All in all I would guess that Lakers do have a big advantage thanks to AD, because they are doing something that Warriors can't do, which is rebounding like crazy. That is how Warriors beat Kings, managed to get the boards, and Lakers knew this and Lebron is making it look easier. I hope that it gets better soon enough, and the series gets tied next game. I am going to bet Warriors win on second game, that seems like the most likely result by the looks of it.
Yeah I'm actually reluctant to bet the winners rather pick the over unders. I want to be able to enjoy these gane from a fan perspective instead of a gambling perspective. Might be the last time we get one of these series between these 2 all time greats. Hopefully it goes six or 7 amd gives us some dramatic finishes. I dunno why but I always seem to have a hard time picking over/under predictions. I personally would rather bet the spread, but you're right it doesn't allow for you to enjoy the game as much if you're team isn't winning lol. I am hopeful the Lakers Warriors series goes to game 7 as well. If last night was any indication, this might just be what happens. (glad I put money on the lakers last night too). Was a fun game. |
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So, Joel Embiid won the KIA MVP Award. https://twitter.com/wojespn/status/1653535665751982081?s=20 And I found this lovely image on Twitter https://twitter.com/ferraridreams/status/1653537152997683200?s=20Credits to the poster.  Joel Embiid. A lot of people said it is the media who made him the MVP and not because he is the real MVP in terms of value. And, there are discussions about the NBA media disliking the idea of giving Nikola Jokic the 3rd consecutive MVP because that will put him on the level of Larry Bird, Wilt Chamberlain, and Bill Russell. I believe Joel Embiid deserves it. But, I don't like the idea of the media controlling the voting system just because they dislike what a person would achieve in case he won it. If ever it is true. My vote was for the Joker, no biased feeling, in terms of value the Nuggets will have a difficult time winning a game without him but the 76ers can, and was proven at Game 1 against the Celtics at home. Congratulations to Joel Embiid. I believe that Joel Embiid deserved the aware, but there is no question that the media is manipulative in how they choose season award winners, and that especially applies to the MVP. Derrick Rose, the year he won as the youngest MVP ever, didn't deserve it, Lebron did..but he won I think the two before, or at least 1 within the previous 2 seasons and they wanted to change things up. So he deserved it, but there's absolutely manipulation out there. |
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