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181  Economy / Economics / Re: Europe have one big problem the euro currency on: July 25, 2023, 09:50:04 PM
Europe has always seemed to me one of the most stable continents in terms of economy, I am very surprised by the way in which they have kept the value of their official currency balanced despite the fact that a large part of the countries that make up this area use it, since it must be difficult to maintain financial control with so many territories under a single organization, which is the ECB (European Central Bank). The system  have worked so far and they have been able to preserve the solidity of the euro to a certain extent, something that has not been possible to achieve even in small countries, and this can be seen if we make a comparison with Latin America specifically, in which it can be observed how the lack of order led to the instability of the official currencies of each nation, to the point of falling into quite remarkable inflation, therefore I believe that the euro will not fall as easily as you expect, it is true that it is not as demanded as the dollar but that  not makes it less, it is still as powerful as the assets of the greatest powers.
182  Economy / Economics / Re: Has everyone become too pesimistic about the economy? on: July 25, 2023, 05:58:27 PM
It's certainly easy at times to become pessimistic about the economy and world events. However, it is important to remember that the economic and political landscape is complex and multifaceted, and there are several perspectives worth considering. Economies can experience cycles and fluctuations, but not all recessions lead to total collapses. Governments and central banks often take steps to stabilize the economy and prevent drastic declines.

But I must highlight the fact that the possibility of a regional conflict, such as the Russia-Ukraine war, turning into a European war is a legitimate concern… It could even escalate further and if that were the case the economy would certainly take an unprecedented hard hit, which would make my recommendation to hold capital in Bitcoin, gold and USDT, those three diversifications to hold on would be of great help to weather such a crisis.
183  Bitcoin / Bitcoin Discussion / Re: Dad's retirement money is invested in Bitcoin! on: July 25, 2023, 01:59:16 PM
Investing in Bitcoin can be a lucrative option for some people... but it is also a high risk investment, the value of Bitcoin is highly volatile and can fluctuate significantly in a short period of time. As a result, there is a real risk of losing some or all of the money invested. Since your parent's retirement pension is important to your future, it's crucial to consider safer and more stable options for investing or holding that money. And also to find out if this is if your father also agrees with what you are doing.

On the other hand, if your father agrees and considering that it is only half and it does not become such a high-risk investment and seeing as an annual investment, he could say that based on Bitcoin's predictions for the coming years and the behavior that Bitcoin has had this year, noting that According to the latest data collected, the current price of Bitcoin is $29,235.72 and BTC currently ranks number 1 in the entire cryptographic ecosystem, it would be a tentative investment option.

prediction table source: https://changelly.com/blog/bitcoin-price-prediction/

Analyzing the risks and not being scared when the price of BItcoin falls, it becomes a great investment, if the precision table is met it could be very beneficial for your father, even more so if you leave it not just for a year, but a few more
184  Economy / Economics / Re: Can your passion lead to an increase in your net worth? on: July 25, 2023, 04:13:38 AM
There are many diverse opinions about following one's passion and wealth. I read two stories of people who followed their passion, and in a short period of time, the businesses became very profitable.

In story 1, Defossey left a job at Apple to open a BBQ restaurant in Mexico City. It made $9 million in sales last year. In story 2, Sean Audet, a 30-year-old, spent $0 launching a food photography side hustle, and now he brings in $134,000 a year.

The people in these stories followed their passion and created wealth through it. What is your opinion on following one's passion in relation to wealth? Can your passion lead to an increase in your net worth? If yes, what is stopping you from following it?




There are many more passionate and successful stories like the two you mentioned above. But not everyone who follows their passion will have such success, not every pursuit of your passion will be rewarded. I am a witness to following my passion but with no good results. I used to want to be a hairstylist, but while pursuing my passion, I encountered more economic difficulties than the advantages I had dreamed of. But when I switched to another field that I didn't love, it brought me a lot of money. For me, with a difficult life like now, as long as I have a job that helps me earn a lot of money, I will pursue it, I am no longer passionate about my passions. Because passion cannot be more important than wife and children and family.

Following what one is passionate about and that it turns out as expected is something exciting but sometimes this does not happen the first time that is why i agree that in certain circumstances not everyone manages to succeed with the goals they set, but there are those moments in which it has nothing to do with the fact that it is a bad business or that we do not have the skills to achieve it but because it is not the time to do it, It may just take time and greater preparation..for example.. there is a case that I would like to mention and it is that of the owner of KFC who achieved his dream after many years of trying that's why i consider that it is never too late and always doing things from the heart is what really penalizes.
185  Bitcoin / Bitcoin Discussion / Re: My easy way to teach your kids bitcoin. on: July 25, 2023, 03:35:24 AM
The method you mention could be used with children at an early age, it would be an idea that motivates them in a certain way to motivate them little by little, I could also add that some children who do not like cartoons very much, opt for the use of comics or even manga, currently they are seeing a lot of this type, even in a thread here they commented on the same thing... On the other hand, I think that motivating the inclusion of Bitcoin as teaching in schools could be a great complete that serves as a support for what is taught at home, with that Children from a very young age would have notions of financial education, which they will reinforce over time.
186  Economy / Economics / Re: How Long in Years Should I Wait Before I Close Down an Unprofitable Business on: July 23, 2023, 11:44:00 PM
3 years?, is an ample amount of time for an unprofitable business. Being very optimistic, I would bet on two years of extension at most, if you can dedicate more time and money to a "business" after that, in effect, it is nothing more than just a hobby, because it is not productive and every time it only depletes more resources that probably will not have an effective return and also cannot be used later in more fruitful projects, extending the time of something due to lack of resignation is a fact that is highly detrimental in the long term, it is better to know when to say "no longer" to something that no longer has a case... Of course, there are a wide variety of variables to consider, but whenever the results of a venture are negative, in my opinion after one year and a maximum of two, it is the best option to opt for possible new scenarios.
187  Economy / Speculation / Re: Indonesia National Exchange Open in the end of July 2023, Is bullish Start? on: July 23, 2023, 10:50:42 PM
Bappebti is a legal tender that supervises the crypto market Indonesia said, the National Crypto Exchange opened in the end of July 2023.

https://en.tempo.co/read/1748024/indonesia-to-launch-crypto-exchange-this-month
Quote
TEMPO.CO, Jakarta - The Futures and Commodity Trading Regulatory Agency (Bappebti) will inaugurate the Indonesian crypto exchange which is scheduled for July 2023. Bappebti head Didid Noordiatmoko said that once the exchange is launched, all crypto transactions can only be done through the exchange.

"Yesterday we agreed on the stock exchange rules. So the know your customer (KYC) process and all kinds have been regulated there," he said when met at his office, Central Jakarta, on Wednesday, July 12.

The trading, he said, will be done through each integrated application. CoFTRA has also conducted an integration test. For the crypto coins to be sold, Didid said, Bappebti wants them to be local but still abreast of international market developments, including the question of prices, provided they are approved by Bappebti.

As you know, this is the 1st crypto exchange managed by the Indonesian government. so there's a big chance affect to bitcoin price.

Bitcoin is a digital asset which legal trade in Indonesia, so this possibility Bitcoin and another crypto getting stronger than other assets like gold and stock.

what are your thought? Is bullish Start?
With all due respect, I don't think Indonesia has any kind of importance in the crypto world. It's a country with, potentially, many many users because of the big population but whether bitcoin is legal or not it's not going to make a difference for the market, the important markets are others.
Of course it's nice to hear that bitcoin is legal and that the government is not against it.

Well, I believe that it could bring a significant impact to the bitcoin market, maybe not right now, but as adoption progresses, it is the same as with the other countries that see potential in this currency and begin to integrate it, as time goes on it will bring more demand and along with it upward and more stable movements.

There is an article that I was reading that is related to the importance that it would bring to the cryptographic industry that more countries give way to the regulation of bitcoin, in this it is analyzed all the benefits that said adoption will bring.

Source: https://www.financemagnates.com/cryptocurrency/regulation/the-potential-impact-of-regulatory-changes-on-the-crypto-market/

Here you might have a different approach than when it comes to regulations in general. Of course I want to note that they are only opinions, since in order for there to be clear evidence and statistics of the impact that these decisions are bringing, you have to wait at least a year to be able to make comparisons.
188  Economy / Economics / Re: Bad impact when You carry out Online or Offline Loans on an ongoing basis on: July 23, 2023, 06:26:38 PM
Just like money in general Debt is not always a bad thing, it only become bad if you are not using it properly. You are taking news from Indonesia and the people mentioned in those news were taking loan from Illegal finance service company. People preferred illegal loan because it lacks background check, but behind those easy loan the interest is brutal.

In my opinion the correct to take a loan, is to deposit money regularly every months into back account, then applied for credit card, there are a lot of credit card that offer 0% interest, just small service fee and processing fee. If someone doesn't even have money to be deposited in the bank, then I don't think they should buy anything the can't afford.

Quote
Just like money in general Debt is not always a bad thing, it only become bad if you are not using it properly

You may be right, although as far as i am concerned it is much better to get into an investment than into a debt, one will get you out of trouble over time and the other will only bring you more worries than you possibly already have, so studying the panorama from all perspectives, that is, both legal and illegal, the conclusion i opt for, like many people who have commented, is to avoid it at all costs and be aware so as not to have to fall for lenders of any kind. However, i would like to emphasize mainly those that are handled without the authority to execute these movements, since i characterize it as the worst of both cases, since requesting a loan from these entities, whether physical or online, is one of the biggest mistakes that a person can make, the number of scams and the problems that they can get into can go beyond the circumstances that made them make that decision, since normally individuals who work as lenders illegally are usually ruthless and tend to involve their victims by raising exaggerated interest so that they can never finish canceling said debt, turning it into an infinite commitment that transcends generations... a fact that i consider unfortunate for those who had nothing to do with it.
189  Local / Español (Spanish) / Re: Inversores institucionales están acumulando grandes cantidades de Bitcoin (BTC). on: July 22, 2023, 11:18:56 PM
Los inversores institucionales no compran BItcoin solo porque les gusta y ya, estos simplemente quieren maximizar sus ganancias, controlando y manipulando el mercado a su antojo,  la visión es clara, así lo veas de otras perspectivas, su objetivo es usas BTC para crecer junto con la industria… No es primera vez que sucede esto. En 2020 ocurrió una noticia similar, la empresa MicroStrategy en  ese año adquirió una gran cantidad de Bitcoins, específicamente  20.000 BTC.
Fuente: https://www.criptonoticias.com/mercados/inversion-institucional-bitcoin-alcanza-20-mil-millones-dolares/  

¿Qué lograron con esto? Maximizar ganancias como explique, pero no fueron los únicos, observen esto:


Los inversores institucionales son la caja de pandora, el rostro oculto del viejo establishment, son quienes se aprovechan del "anonimato" para estar y no estarlo, según conveniencia.

No se puede tener una fracción de su gran poder económico actual, pero si se puede justo ahora con la torta de bitcoin, el pueblo peleara por los Satoshi ellos por los BTC.  Wink

Aunque los fondos de inversión son "ignorantes" según  WB parece que invertir en bitcoin los hace astutos...

Fondos de inversión y empresas privadas tienen bajo su poder más de un millón de BItcoins, Como comenta FamososMuertos son astutos a la hora de conseguir ganancias…  Debo decir que yo también lo haría y no los culpo Bitcoin es una buena herramienta para estrategias de mercado.
190  Bitcoin / Bitcoin Discussion / Re: Teaching Bitcoin is not do or die on: July 21, 2023, 11:54:57 PM
I have been observing that there is a lot of this issue here in the forum, several similar threads have appeared in this regard, but this seemed to me the best situation that apparently has been happening to many here in the forum, including me, I have tried to convince a friend of the university but without success, it is quite reluctant to this idea of investing in bitcoin.. so I have given up trying to convince him, certainly the idea of showing what can be generated. In is a good idea, but based on experiences, I think it's not the best. The best thing you can do is be quiet, people can be malicious and if they see that you have a lot of money now, you may draw attention to many who want to rob you, I think the best thing you can do is to give bitcoin advice but don't show too much of your wealth... that's my advice.
191  Bitcoin / Bitcoin Discussion / Re: IF ONLY EVERYONE CAN EASILY ACCEPT CRYPTO on: July 21, 2023, 11:19:34 PM
The problems with poorly managed transactions due to the deficiency in the platforms of these banking entities are inconveniences that also affect where I live, so I agree that these processes would be very different if payments were made through bitcoin... however, I recognize that it is still difficult for people as a whole to accept or be aware of the existence of this currency, and this despite the growth that bitcoin has in different countries, since communities are so adapted to banks and centralized currencies, they doubt the veracity of virtual assets, so it will take time so that even the majority can see the potential and advantages that BTC has compared to traditional currencies.
192  Economy / Economics / Re: Rent or buy real estate - let's have a debate on: July 21, 2023, 10:46:00 PM
Both are good options, but as far as i am concerned it is much better to buy a property than to stay rented, and i say this for two reasons, firstly that rents are never stable since, if the owner is caused to increase the latter, it would affect the tenant, destabilizing them economically as long as they do not earn enough, and the second reason would be that the stay in said place would not remain totally permanent since since it does not belong to us, we would be exposed to eviction and without the right to claim. These are the reasons why I am in favor of having something of your own, in addition to the fact that by keeping properties in your name, you can take advantage of it..for example, if you already have a place to live and you get a new acquisition, it can be rented so that you can repaing the money invested
193  Bitcoin / Bitcoin Discussion / Re: the adoption of Bitcoin in institution on: July 21, 2023, 09:46:49 PM
In my opinion, several factors have driven institutions to this adoption as you say... Among these I would say the recognition of the potential of Bitcoin as a form of diversified investment, the existence of institutional investment vehicles that allow companies and funds to function in the cryptocurrency market and greater regulatory clarity in some countries, as we have seen in several cases, Germany, El Salvador... On the other hand, the support of influential figures, such as businessmen, investors and financial leaders, has also contributed to the institutional adoption of Bitcoin. As prominent figures express their support and actively participate in the market, this increases confidence in Bitcoin as a legitimate investment.
194  Bitcoin / Bitcoin Discussion / Re: If bitcoin according to Satoshi is digital money then why call it investment. on: July 21, 2023, 09:08:06 PM
Despite the fact that this currency was created with a specific intention, it has evolved to such a degree that people have given it different uses that allow them to take advantage of it, such as investments that, despite the fact that they take time, bring about an increase in earnings. Now, if Satoshi had wanted the utility of bitcoin to be restricted, he would have founded this asset in a different way, so that its delimitation was fulfilled, but he left it free for users to experiment and use it at their convenience so despite the fact that he expressed his intention he let bitcoin grow in his own way.

And, anyway, if we think about how bitcoin is currently being used, i could say that it continues to fulfill the original purpose for which it was invented, since it continues to be decentralized and brings benefits to people by not having any that entity can control this active.
195  Bitcoin / Bitcoin Discussion / Re: US Presidential candidate announces plan to back the US dollar with Bitcoin on: July 21, 2023, 07:53:47 PM
Another Kennedy as a candidate for president in the United States!!! that is a surprise, this family has been involved with politics for years, so the possibility that they have several politicians at their side would not surprise me, they must handle many influences, so yes I believe that there is a contingencing that become president. however, like all politicians, Kennedy is making promises that he himself knows he cannot keep unless the council agrees, so his hopes of being able to involve bitcoin with his possible governorship may be affected by the circumstances and the opinions of others... and although it would be very good news if he managed to finalize this proposal that would definitely benefit many, it is still too early to claim victory and say that the United States government is finally becoming aware of bitcoin.
196  Bitcoin / Bitcoin Discussion / Re: Can't do something else offline, is this something wrong? on: July 21, 2023, 03:12:04 AM
I share your attention to Bitcoin to a certain degree, it is understandable because for me the ease that bitcoin gives me as an investment is very great, you can manage everything from your cell phone or from your computer, in the same way with investments in crypto and even games as you well comment... However, I would advise you not to be blinded by just that, your friends gave you a good investment idea, in fact I would love to invest in cattle or even in some other type of business or company, what I want to say is that you do not get carried away For your comfort of only Bitcoin, the world's great traders are the ones who take risks, try new things above all, they leave their comfort zone.
197  Bitcoin / Bitcoin Discussion / Re: Will You Return Hardware Wallet That Contains 3+ BTC in a Hotel Room? on: July 20, 2023, 11:56:15 PM
It is an interesting question….and it is mainly based on a controversy of principles, from what our parents taught us as children, perhaps for some, not returning money that was found is something normal and does not have any weight, but for the person who lost his money he can take it as a lack of morals, especially if this individual who took what was not his realized who was harmed, so depending on the circumstances in which the situation arises, conclusions can be drawn in this regard.

 For my part, there are different scenarios in which I would act reasonably without attacking my principles:

1-If I saw the person: I would immediately follow them and hand it over without thinking.
2-If I know the person: I would do exactly the same as in the previous point, I would try to communicate and express to him that I have something that belongs to him.
3-If I never saw the person and the money was simply there without any type of identification with which I can do something: I would simply take it, of course if this happens on the street, because if it is in an establishment, I would look for a way to deliver it.
4- If suddenly I get it and someone comes looking for what they lost, I would deliver it in its entirety.

You have to be honest and contribute to a better world, if you take something and you can have the opportunity to return it, it is best that you do so.
198  Economy / Economics / Re: How much food can you store for survival?3 on: July 20, 2023, 11:17:28 PM
Reserves are good preventative measures, they can deal with any number of possible mishaps. In countries with significant risks of all kinds, they are highly used tools.. but that is for those who have the possibility, generally many people do not and this is reflected in many ways, as mentioned in previous comments. Also in your case you require a special diet due to your health condition. I am a bit ignorant about these issues, but I can say a couple of things with certainty, sometimes as the pandemic has shown, a reserve for 45 days is not enough and in the same way many people put nutrition aside to prioritize survival in scenarios like this, it all depends on the particular conditions of each person
199  Economy / Economics / Re: What is the difference between banks and big whales in crypto? on: July 20, 2023, 09:31:08 PM
The difference between these two is very big, the only similarity they could have is that both manage large amounts of assets, one with a centralized currency and the other in a decentralized way, and yet, only in this same comparison can their distinction be noticed. Banks are entities that function by controlling people's money and they do so with restrictions on transactions and with such high interests that it could be said that they take advantage of the work of citizens to obtain income, while whales are a totally separate issue they are investors, who base their profits through strategies and studying the volatility of the cryptocurrency market, so they do not get their money from others, but from the assets they have available and the work they do to get and accumulate bitcoins, so both  way they get their assets and the strategies they use are totally different.
200  Economy / Economics / Re: Population: Economic strength or weakness on: July 20, 2023, 08:56:07 PM
This is quite an interesting matter and it is that the impact that the population of a nation can have on its economy, goes even far beyond the number of people who inhabit it or their demographic relationship. Factors such as the social culture and the level of training of the citizens of a country are highly influential, of course they are aspects that have been forged throughout history and extremely difficult to change, since the collective psychology of habits in the masses is something extremely difficult to control. Beyond this, as you mention, the amount of population is still relevant at an economic level and various predictions point to scenarios that are not very favorable for countries with either overpopulation or, in the opposite scenario, with low population growth. In my opinion, this particular problem can be solved with adequate distribution and fair treatment for the common interests of the nations that have this type of problem through agreements or treaties of a similar nature, which is not an idea very far from what you you expose here.
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