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1921  Economy / Economics / Re: Poor and Rich on: March 18, 2023, 03:57:17 AM
We all know the quote "the rich get richer and the poor get poorer" I heard this quote when I was in high school now I'm grown up. I always wondering why?

Is it that the rich have already wealth the day they are born? Have savings and investment?

While the poor doesn't have any of those?

The point is I started in low before having some savings and investment. I'm not saying I'm already rich but I can say that I'm better than before. Can you guys share your ideas with this topic.

I agree with your quote, the rich get richer, the poor get poorer because the rich have superior access or privilege, an example of access to technology and information, but it does not rule out the possibility for the poor to become rich because we are all equal in this world, we have to study harder.

The rich have more opportunities than the poor, but that doesn't mean the poor don't have the chance to get rich and stay poor, that's not entirely true. For the development of today's world, there are many opportunities equally shared by everyone. If you were born into a poor family, it's not your fault, but if you grew up and can't change your fate, it's your fault. If you work hard and give your best, you will always have the opportunity to change your life.
1922  Economy / Economics / Re: Do you think Bitcoin can end poverty? In a nation today on: March 18, 2023, 03:51:02 AM
For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Bitcoin is an investment, and if you want bitcoin to help you improve your finances, you need money to invest in bitcoin, if you don't have money, bitcoin will not help you. To me, bitcoin is like any other investment, which can lift someone out of poverty or make someone poorer if not invested properly. So my point is bitcoin can't alleviate poverty for anyone, you can get out of poverty or not is up to you, bitcoin or any other asset can't decide for you.
1923  Bitcoin / Bitcoin Discussion / Re: Random thought of a boy concerning Bitcoin on: March 18, 2023, 03:21:10 AM
Whales don't control Bitcoin they are just holders like you and I, the differences is that they hold huge amount why you hold small amount, when they sell the price most time shakes, because they can cause panic in the entire market, but it doesn't not in any way means they have power of control over the currency Bitcoin.
To the level of my knowledge and understanding. Bitcoin is not controlled by anyone.

Bitcoin is not controlled by anyone but those who hold large amounts of bitcoin, they can manipulate the bitcoin price in their favour. To me, bitcoin is still a market manipulated by oligarchs rather than relying on supply and demand. The financial market, cryptocurrency is the youngest market and has not been regulated or regulated by any government agency, so manipulation takes place a lot in the market. Hopefully, in the future, when the market is more mature, the manipulation will disappear so that we have a fairer and cleaner market.
1924  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: March 17, 2023, 10:16:54 PM
Let's see how serious barcelont to sell de jong. De jong itself happy in barcelona but it seems like that financial problem forced barcelona to sell him. How can barcelona be claimed to be linked with messi again while at the same time it has no money?
Some clubs have been hunting him since last season. Chelsea seems interested to bring him to the stamford bridge. De jong has not decided yet his future.
Last time also financial problem forced Barcelona to almost sell De Jong but player didn't wanted to leave. This time also it will be the same drama unless player eventually gives up and makes the move. I don't think Chelsea would be still interested in signing De Jong given they have signed Enzo now unless they plan to offload a midfield player from their team.
About Messi move, I think Jorge Messi (Messi's father) denied the move couple of months ago and I also think its not possible.

It always feels like Barcelona is doing something not so legal when it comes to money. Because even though Barcelona has been justifying all the spending that they are doing on selling different rights, I think they had to make some arrangements when especially they are down by such a huge amount of money. And among those problems, I think they did not even realize a problem is going on about the contract Gavi. I hope they will be able to sort everything out properly.

I think it is just some rumors and dreams of people to see Lionel Messi back in Barcelona again. I hardly believe that is going to happen. Even if it does happen, I don't see him performing very well in Barcelona for a long period of time. Probably it will be one season of him performing badly and after that, he moves to a Saudi club.
1925  Bitcoin / Bitcoin Discussion / Re: Bitcoin is a treasure. on: March 17, 2023, 02:26:21 AM

But if someone may ask you, what do you call BITCOIN?

Bitcoin is an asset, an investment, a currency, and a means of payment… it can be said that bitcoin is like a multifunctional product, and what bitcoin depends on the intended use of each person. For me, bitcoin is an investment and a store of wealth, bitcoin offers me the opportunity to earn more money than any other investment thanks to its volatility. Besides, thanks to its decentralization, I use it to store my assets in the most private way. I rarely use bitcoin for payments because I like my privacy.
1926  Economy / Economics / Re: Lending money or damaging family bond ? on: March 16, 2023, 09:21:13 AM
If you have the capacity to lend someone in your family that will not gonna give huge impact to your finances then why not help them? Unless this guy has multiple unpaid loans to you then you should not lend him anymore. Human is not a natural untrustworthy, there situation just push them to become that kind of person. I have this kind of cousin too that continuously badgering me about borrowing money. I can’t give him the amount that he want but I still lend him money that I can afford.

Sometimes family is worthy than money especially if you will see this person most of the time because they knew you are financial stable which is painful for them to be turn down.
Same with my point too. It’s not hard to lend a money especially if you see that person is really in a bad financial situation. As long as you are lending your extra money, I think that will not make you financially broke. Even if that person keeps asking you for assistance, you can always give as long as you do it willingly. However, if you discover that he is just spending your money for his vices, well helping him is not worth it. By that time, you can give him some advice, but never lend him money anymore as you are only used to provide him for his vices.

Agree, lending someone money is not a big deal if we have some spare money to lend them. But the important thing is that not everyone can lend, we need to determine that person is good or bad. If they are people who don't keep their promises, don't work hard, but just play around, I will refuse without hesitation, if lending them a loan will only cause trouble. And good people who are really in trouble have no reason to refuse them.
1927  Bitcoin / Bitcoin Discussion / Re: What other ways are available for purchasing Bitcoin? on: March 16, 2023, 09:03:40 AM
But one way you can buy bitcoins without the help of a bank with cash is if someone around you sells bitcoins and you are physically present to receive bitcoins from them in exchange for money called peer-to-peer transactions.

Using cash to exchange bitcoins is too risky, if you are in a country where bitcoin is still banned. It won't be a problem if you are only dealing with small amounts, but if you want to exchange large amounts of bitcoin and you need to have a lot of cash, this is dangerous for both parties. As long as fiat, the bank remains the center of the monetary world, we will not be able to get rid of our dependence on it. Bitcoin is still just an asset, a commodity, not a currency or a unit of measure like fiat.
1928  Bitcoin / Bitcoin Discussion / Re: Exchanging large amounts of BTC for FIAT on: March 16, 2023, 08:50:46 AM
If his bitcoins are not involved in theft or crime, there should be no problem transferring bitcoins to Binance in exchange for fiat. Another note is that you need to make sure his Binance account is KYC to avoid unnecessary trouble. Binance is still safe for instant transactions, it's just not safe when you use them to store long-term assets. But if the two of you really trust each other, why not do as you think? The two of you can trade with each other since you also have the need to hold bitcoins for the long term.
1929  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: March 16, 2023, 08:48:32 AM
Reading the news in the local media there is a problem regarding Gavi's contract with Barcelona. The new contract Barcelona awarded Gavi was declared invalid because Barcelona passed the deadline for Appeal. But this news does not seem to be final because it was only announced by lawyers in the field of court administration. But Barcelona did have serious problems because the court had warned Barcelona to reduce the cost of next season's expenses by no more than 200 million euros. If this matter of Gavi continues, then he only has a contract until June this year. Barcelona could lose Gavi.

Barcelona cannot afford to have a problem right now, especially financially. And at the same time, Gavi is a very important player for Barcelona. He is a player that plays a very important role for the Barcelona team right now. Losing him is not only going to cost Barcelona. The team composition that they have right now, is also going to cost financially as well. Because instead of losing him to another club, it would have been far better to even sell him. I am very sure that a lot of teams actually are ready to give 150 million for Gavi right now.
1930  Economy / Gambling discussion / Re: Germany League - Bundesliga Prediction Thread on: March 16, 2023, 08:41:38 AM
Augsburg vs Schalke
In the previous game, Augsburg had to lose against Bayern Munich and I think they can almost match the game from Bayern Munich. But in this match they will host against Schalke who previously managed to hold Dortmund to a draw at home. If we look at the standings, Augburg is targeting a win so they can move up to 10th place in the standings and for Schalke they have to keep fighting to get away from the relegation zone this season. If we look at the odds offered by the bookie, Augsburg is very much favored with odds @ 2.32 and for Schalke odds @ 3.10, but I think I would bet more for over 2.25 with odds @ 1.70 because I think that makes more sense because both teams definitely want to get a winning result in this match.
I think maybe it's not the target to get into the top ten or be in the top ten, but I believe Augsburg are just trying to stay away from the threat of the relegation zone. Because after all, even though Augsburg has a seven-point gap with teams who are in the relegation zone, at least such a point gap still doesn't make Augsburg feel comfortable.
So yes, of course Augsburg will be looking for a win in their next game against Schalke, at least just to get into a more comfortable position and not worry about falling into the relegation zone. But yes, at the same time it seems that Schalke has also shown a slight increase in performance at this moment, so even though Augsburg is the favorite to win but still, Augsburg will not be easy to beat Schalke.
Indeed, it can be said that it is clear that Augsburg must be able to secure 3 points at home so that their position is more comfortable. However, Schalke is not an easy opponent, we know that lately Schalke has made it difficult for several strong teams such as Dortmund and Union Berlin, which forced everyone to achieve a draw. So I think it will be an interesting match to watch.

Augsburg is of course looking for three points in this match against Schalke. But I will say this, for 18 in the relegation zone, Schalke seems to be improving quickly. They did not close even one match in the last five. If they continue like this, it is just a matter of time before they get out of the relegation zone.

This Match against Augsburg is going to be important for them, actually, it is important for both teams. Augsburg is going to want to win or at the very least get 1 point from this match. Schalke is surely going to go for the win. Because they win in this match means they are out of the relegation zone.
1931  Bitcoin / Bitcoin Discussion / Re: my small investment on: March 15, 2023, 02:37:45 PM
Do you have any better suggestions for him? A get rich quick tool. It may be a very small amount to many people, but sometimes it means a lot to many people.

Its not a "get rich quick tool" i was talking about. I was talking about finding another source of income (online freelancing something like fiverr.com) or improve skill by making a forklift course, excavator course, welding course, english school (if he is not english native speaker). something that will help him get better job and safe 100$ monthly instead of 20$. That way after a year of DCA he will have 1200$ invested instead of 240$. If BTC will pump 5x its 6k$ profit instead of 1200$. I can't give an exact answer because I don't know where he lives, what he does, how old he is, and what his abilities are.

Or even get more active here on forum and get a signature campaing that pays 50$ weekly.

Understood. But I think he definitely has another job, and what he is investing is the money left after deducting monthly living expenses. I don't think there are people who refuse to work and just accumulate every penny, begging people to give and hope to one day change their lives with that investment. Or else he is very young, which could be snack money given by his parents, and he saves to invest in bitcoin.
1932  Alternate cryptocurrencies / Altcoin Discussion / Re: Is ETH the King of Altcoins ? on: March 14, 2023, 08:51:07 AM
i think ethereum is more than what you mentioned in leading altcoins. This is because there is not yet a single Altcoin that can compete with Ethreum. I noticed that Ethereum is worthy of mentioning the king of Altcoins.

The funny thing is, over the years, there have always been a lot of new projects coming out and saying they will replace ETH, but so far, there has not been any altcoin that can replace ETH.
ETH deserves to be called the king of the altcoin market, and I firmly believe that, like BTC, its place will be irreplaceable. Even I am pretty sure that it will give better returns than BTC in the upcoming bull season. The 2021 bull season has already happened, so it's no surprise it will happen again.
1933  Bitcoin / Bitcoin Discussion / Re: my small investment on: March 14, 2023, 08:44:10 AM
Witch such small investment, even if bitcoin will go x5 to new ATH ... its still like 250$ profit in like 2-3 years. Wouldn't it be better to spend those 50$ on books/courses to get new skills that will allow you to earn more and come back with that extra money? I mean like, if you have only 50$ ... i don't know if bitcoins is the best place to put them. The timing is good, bitcoin is cheap right now, but you won't make much.

Do you have any better suggestions for him? A get rich quick tool. It may be a very small amount to many people, but sometimes it means a lot to many people.

I know what you said didn't mean to offend him, but you will probably disappoint him because he is DCAing every time he has money, he never said he would stop with a $50 investment in bitcoin. For someone who doesn't have a lot of money, but if they work hard to accumulate it for a few years and when bitcoin increases in price, it becomes a decent amount.



1934  Bitcoin / Bitcoin Discussion / Re: Trust in cryptocurrency? on: March 14, 2023, 08:28:50 AM
Around my environment, its just a few youths knows about cryptocurrency and the few that knows only hears about bitcoin. I think the main reason behind many people not knowing is because most nations have fought cryptocurrency against taking out the fiat banks, so they refused making it legal tender for more publications.
some countries do prohibit the use of Bitcoin as a means of payment. but most legalize the ownership of Bitcoin assets as Investment. more countries have finally opened their minds to the assets that have grown so fast in recent years.
I think young people will be more interested in Bitcoin than in putting their money in the bank. young people nowadays buy more stocks and they are quite open to trading digital assets. it's just that, not much education is provided for young people who are interested in Bitcoin and cryptocurrencies.

You're probably right about this, there's not much crypto education available to young people these days. In my country, bitcoin is not used as a payment method but can be used as an investment. But honestly, the number of people who know about crypto is too small and have distorted thoughts.

2 days ago, I talked to a friend, he is a real estate buyer, and he doesn't believe in bitcoin at all, he said this is a Ponzi scheme and advised me not to participate. He doesn't know I invest in bitcoin and always says I should stay away from bitcoin. Because we are at a cafe in a public place, so I don't say much because I don't like too many people who know I invest in bitcoin. I made an appointment with him when I was free so that we could talk more about the matter.
1935  Bitcoin / Bitcoin Discussion / Re: he/they roasted us? on: March 13, 2023, 02:01:31 AM
I think he is wrong, or he doesn't know much about bitcoin,
is it true that "abusing the users of other coins and thinking bitcoin is supreme. They seriously belive there will only be 1 cryptocurrency." ?
maybe yes because they only own bitcoin as a cryptocurrency asset and don't have anything altcoin to compare it, and maybe wrong because they don't know if cryptocurrencies, like bitcoin, eth, bnb and others are support from each other. so that case, bitcoin can't stand for himself, bitcoin need altcoin as a pole and as a symbiotic relationship of mutualisrm.

Bitcoin can stand alone, and it does not need the support of altcoins, but bitcoin alone would not create a crypto market, and without altcoins, there would be no crypto industry.
Honestly, I'm here to invest and make money, I don't worship any coin, it's all just a tool for me to make money, so I won't pass up any opportunity. Those who care about safety can choose bitcoin, and those who are not afraid of risk can add some altcoins to their investment.
1936  Bitcoin / Bitcoin Discussion / Re: I managed to convince my senior dad to invest in BTC on: March 13, 2023, 01:46:23 AM
I am just thinking that I will say my father about investing in Btc but my father thinks that Cryptocurrencies are scam because it isn't legal in any country. But I am trying to convince him that already it has gained huge popularity and soon it will be legalized in every country. I hope day by day I will be able to convince him.
The worst thing you can do is try to persuade your father to invest in something he believes to be a scam because if you succeed in getting him to invest in bitcoin, he will hold you solely responsible for any problems that arise in the future related to his bitcoin investment. It's better to avoid letting that happen. You are aware of how it feels when your parents accuse you of their misfortunes. They'll spread the word about what you forced them to do.

I'd advise you to leave your father alone. Don't try to convince him to invest in bitcoin.

For those who don't believe in bitcoin yet, the more we try to convince them to invest, the more they think we are trying to deceive them, which just wastes our time. Instead of advising someone to invest, I think it's important to let them know the concept and how bitcoin works, I mean, teach them about bitcoin. Don't just try to convince them to put money into something they don't know what it is, bitcoin is not just for investment, it can be used as a means of payment, a place to store assets...
1937  Economy / Gambling discussion / Re: 🥊 The UFC Info and Prediction Thread on: March 12, 2023, 07:05:18 PM
Dana White is definitely not in it for the fighters. You have to respect what he built and the UFC is a money printing machine so he’s been quite successful. However, if his goal was to be the best boss and have the happiest fighters, I’m sure he would be paying them 10 times what he is and I don’t think it would have that much effect on the UFC’s bottom line. Their investors have made billions and their fighters have made tens of thousands. Seems unbalanced.

My point is, first of all, the UFC is making money. They are making quite a good amount of money to pay the investors and also the fighters. But they are not paying the fighters as well as they should. I also do not believe that there is enough transparency between the earning of the fighters and also the earning of the UFC. That's because Dana White wants a huge amount of money for himself.


~
Unlike boxing, UFC is reinvesting in building performance institute where fighters can train and will have all the benefits including health care and coaching staffs and we have 3 Mexican champions as they built one in Mexico and they are building these performance institutes around the globe in developing new fighters. All the main event fighters are earning millions of dollars per fight and if you compare the boxing model the prelim fighters are earning much more in the UFC than in Boxing.

I honestly believe that if the fighters actually were earning so much, like in boxing, there wouldn't have been any complaints. But the fighters are complaining. It honestly hurts to see some random YouTuber turned boxer, earning a huge amount of money from boxing when some of the best of the best fighters in the UFC are not earning as much as they should. The UFC has continued its journey through some tough times. But I certainly think they should pay the fighters a little more.
1938  Economy / Gambling discussion / Re: 🥊 The UFC Info and Prediction Thread on: March 11, 2023, 04:36:37 PM
Dana White is most probably not the best person to handle UFC in my opinion.
the guy thinks about himself and the money, and it's very difficult to see complaints in other fight sports, so you could see that the problem is in the UFC. one day I saw an interview of a fighter complaining that they didn't have health insurance and many other things he complained about, I don't know if that's true or not, but if it's true, I wondered why the UFC doesn't pay health insurance to its fighters. your athletes? he no doubt is making a lot of money thanks to these fighters. maybe as a newbie I'm wrong

There are certainly a lot of things that a fighter does not get in the UFC. We are still talking about the fighters not getting paid enough because literally, a heavyweight champion of the UFC complained about that. Otherwise, a lot of people might actually think this is not true and this might not have been discussed so much as well.

I am never going to agree with the fact that the UFC is not making enough money. The UFC is making more than enough money and they can easily give the fighters a lot more if they want to.
1939  Economy / Gambling discussion / Re: 2023 NBA Season on: March 11, 2023, 04:26:52 PM
I mean it is a big blow. But they still should be able to perform well. After all, they are still a good team without having Kevin Durant. What I am trying to say is they are of course not going to feel like everything has ended because they don't have Kevin Durant available because of injury. When he does come back from injury it is going to be really great and the team will also be more powerful.
This remains to be seen as there's no assurance that Durant will be able to come back this season. However, at least the team has won some games even without Durant, so I think they can compete well in the playoffs.

We will have to wait for the re-evaluation in two weeks to know his real status.
https://www.cbssports.com/nba/news/kevin-durant-injury-update-suns-stars-sprained-ankle-expected-to-be-re-evaluated-in-two-weeks-per-report/

It does not matter if they can perform well without him or not, now they will have to perform. They will have to find a way to perform without Kevin Durant on the team. This is something anybody can face at any given time. So the teams will have to prepare for any kind of situation like this. I believe the Suns are going to fix this problem somehow, because they just  simply have to.


This kind of risk is given and it’s a small price to pay compared to the amount of contribution that a player can give both performance and popularity to the team which usually drives the profit of a team since many fans of that star player will now support his new found team.
The chance of a player being injured is very low also the management can check the injury records on a player before they will acquire him.
Yes, the management already done with assessment before acquiring or trading any players, they understand well if what contributions
and how the fans will embrace the new asset that they will acquire.
In regard to Durant, we all know how impacting this player for the team and how they will benefit when Durant is healthy.
The contributions and how good the player can help in chasing the world title.

Exactly. Just because a player might get injured after he comes to the team, doesn't mean that teams will not try to bring him in. Regardless of whether the player being really good or not every team understands that there is going to be a risk of players getting injured. But without him, they are probably not going to find a certain team comp that they want. And eventually, they are not going to win enough matches.
When Kevin Durant is healthy, he is going to be unlike any other player on the team and also really perform well as usual.
1940  Economy / Gambling discussion / Re: 2023 NBA Season on: March 11, 2023, 09:38:28 AM
I do have high hopes for the Suns. I believe they should be able to do it without Kevin Durant. At least they can get to the playoffs.
If only reaching the playoffs, I'm sure they can do it without Kevin Durant.
It's already proven that Booker, Ayton, and CP3 can bring the Suns to the playoffs even before without the help of any big superstar. But in the playoffs, they need Kevin Durant here to boost their offensive phase. It's also always a known habit by Chris Paul to choke at the playoffs and to cover that usual behavior of him every playoff, that's the time Booker needs something as consistent as Durant.
Chris Paul is not a known choker.  He has typically not been surrounded by players in his career that can go deep into the playoffs.  With the Suns it was much more than just him of why they haven't made it to the finals.  Just because someone never wins a championship doesn't mean they are a choker.

Well, I also agree that Chris Paul is not a known choker. But he did not perform as well as he should have in the last match in my opinion. And yes he did not win any Championship. But of course that does not make him a choker. I can see the Phoenix Sons being able to hold their own even without him having an incredible performance. They are in a good run right now. So I think we can count on them in the playoffs.


-.-
They still have Booker and CP3 and Ayton, it's just the question if this trio is enough. They used to have Bridges playing point as well and then Cam as sort of their defensive specialist and in which they exchange to get KD. And to be fair, KD doesn't want to get injured again, not in this way.
But it's an accident, no one wanted to see it happen, it's a big blow to the Suns, but they have to accept it now and then move forward, re-assessed the team and make adjustments again.

I mean it is a big blow. But they still should be able to perform well. After all, they are still a good team without having Kevin Durant. What I am trying to say is they are of course not going to feel like everything has ended because they don't have Kevin Durant available because of injury. When he does come back from injury it is going to be really great and the team will also be more powerful.
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