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1961  Economy / Gambling discussion / Re: Online gambling risks during coronavirus pandemic on: May 10, 2021, 04:13:23 AM
Online gambling is more convenient than traditional gambling for several reasons, but it creates one big problem that many people don't think about. We no longer notice how the money decreases because we don't have it in our hands. We can't see how our our stash depletes because we are only looking at the digits on computer screens. The money loses its value that way. If you have five $10 bills in your pocket, you feel the difference if you are only down to 1 or 2. But the digits on the screen don't feel that important. Whether it's 0, 5, or 20, it's not tangible.   
That's the principle behind online spending and credit cards, you don't feel any regret or hesitations because you don't feel like you are losing something, it is a great psychology to use to make your users spend more. One thing that I also want to add to not become addicted to gambling is to find another way to spend your time so you can distract yourself, if you can't go outside for a walk then go watch a Youtube video or a movie.
1962  Bitcoin / Bitcoin Discussion / Re: Elon Musk please stop messing up the crypto market on: May 08, 2021, 01:20:38 PM
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I'm now sure how long will he managed to continue this stupidity but one thing i believe is that Sooner or Later His Popularity will last , ANd may be blamed by many because of their losses.
As long as he doesn't get into a controversy that is pretty awful, I think that his prominence won't waiver. Elon is the CEO of the people and I think that as long as his following is still big, it won't change for a long time.
1963  Bitcoin / Bitcoin Discussion / Re: Tesla and market manipulation crime on: May 08, 2021, 12:34:06 PM
This is absolutely a market manipulation of course. We've seen how much the market was affected by Tesla's buying a lot of BTCs. Bitcoin price just literally went to the moon after it. But I don't think that Tesla will be charged for it. It is the nature of this market in the end, it's easily manipulable.
I guess they just have to get away with it, this is the shortcomings of decentralization, people can commit insane stunts without consequences. Now that I look at his manipulation, I think that we can use it to our advantage if we know when they are going to pump it.
1964  Other / Politics & Society / Re: need a real business recommendation. on: May 08, 2021, 10:56:15 AM
You should consider lots of aspects before doing your own business. If online or not, your market, your supplier, competitors and etc. A little bit research from your side should do.

Actually, drop shipping is good business right now, try to check it on google.
Dropshipping is good but I think I have remembered some Youtube that was tackling that thing and they say that it is a nightmare business to do. I don't know how will OP manage to build a business when OP says he/she is bankrupt.
1965  Other / Meta / Re: Modify Display Name of Account on: May 08, 2021, 08:50:30 AM
You can get your display name changed as a Donator as well. Only 10 BTC. Quite a discount over a VIP account. You also get access to a super secret section of the forum for Staff and Donators where we discuss secret handshakes and code words. I highly recommend. As has already been stated on this thread though, starting a new account is a cheaper alternative.
As if that can be afforded by some individual, it still is expensive as hell even if it is less than 40 Bitcoin. There should be a warning when you are registering your account that your display name is going to be a permanent.
1966  Economy / Economics / Re: China to overtake the Us as the largest global economy by 2028? on: May 08, 2021, 08:16:41 AM
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if the two countries both agreed to the terms. It's all for them to execute plans. US had also done the same terms in my countries which is lopsided terms actually and we wasted a lot of money for arbitration that can't be enforced by the international court. it's just a way for them to make money from us.

the shortage of chips and other products will dictate who will have the larger economy. once a country like china announces that they can provide products, they will soon impose their own terms.
The shitty thing with US loaning in countries is that they also have to intervene with the politics of that country, compare that to China where they only are in that country for the loan and to gather influence and let the country decide for themselves, that's why they are the go to for more and more countries to borrow money.
1967  Economy / Economics / Re: Crypto vs Stocks on: May 08, 2021, 07:37:12 AM
Quite a lot of people invest in the both (Crypto and Stocks), others prefer one of the two, thus imo, it's down to the individual and what sort of ROI they are seeking, as well as the space of time they are willing to let the investment grow. It'd be much better to use Bitcoin in place of crypto, cause quite a lot of crypto (excluding Btc & a few other alts) are pump and dump coins, having said that, the thing is that investors will choose an investment option that they understand, are comfortable with and can somewhat predict, thus I'd not pick which is better on the general point of view, as every individual's case can be different.
If it is ROI we are talking about then probably crypto is going to champion over stocks because it got someone a million in just 10 years compared to stock. But if you want to be comfortable and don't worry about your investment getting stolen or having some sort of insurance then probably you should consider stocks, both have their own merits.
1968  Economy / Economics / Re: Bitcoin vs Agriculture on: May 08, 2021, 06:52:23 AM
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Indeed, it can make bitcoin a medium of exchange, but the problem in my country is that the farming sector is still dominated by conventional people, where they lag behind the world of technology, let alone bitcoin. This should be a concern, so that more young people will participate
If they lag behind then you should start the innovation because  you have the knowledge and as a first adopter, you are going to be the one going to profit much more since you are the only one so far in this innovation.
1969  Economy / Economics / Re: China to overtake the Us as the largest global economy by 2028? on: May 08, 2021, 06:05:57 AM
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The fact is that the poor nations have no other option. They can't get loans from the Western nations, because these nations are themselves knee-deep in debt. China seems to be the only country with surplus money. So if a poor nation wants to build a railway line or airport, taking a loan form China seems to be the only option. All that said, I don't think that the Western nations are any better than the Chinese. A perfect example is the 1998–2002 Argentine great depression. Western agencies forced the Argentine government to agree to a lot of unfair terms when they defaulted. The same happened a decade ago, with Cyprus.
The problem is that the debts doesn't need to be a cash payment, most loans from other countries are based on favors and the reason that countries have debts is because they have corrupt leaders and the money in the country isn't managed well.
1970  Economy / Speculation / Re: Are you guys happy if bitcoin will dropped to $10k? Why? on: May 08, 2021, 05:25:29 AM
Why would we be sad if the prices go down, I mean that is like the golden opportunity that everyone is waiting for. Not to mention that the payout for my signature campaign is going to go up when the prices go down and I can accumulate more along the way until there I have large enough bitcoin being hodl.
1971  Economy / Speculation / Re: Bitcoin not yet at $100k, why? on: May 08, 2021, 03:22:13 AM
Only time will tell, and letting bitcoin move as it is is a good choice, we should be thankful that bitcoin has increased very significantly in just a few months and now bitcoin price is holding up to 50K which I think is still a good price.
Bitcoin price is estimated to only potentially reach $ 100 thousand this year, and this year isn't over yet, so better be patient and hold on to your bitcoins or take advantage of the moment when there is a drop in bitcoin price to buy it.
Right, we have been praying for this prices back when it was still around 5k USD and now we are here, just enjoy the time that we are at this point in the market because we may never see it again because the price won't ever go down that point anymore and we will be nostalgic of this times. Like what the quote above says, let's just wait it out and it will arrive there whenever we least expect it.
1972  Economy / Speculation / Re: May 13th, Bitcoin will surge to $70k or it will be dump? on: May 07, 2021, 12:53:33 PM
Definitely an incoming pump if its true if not then normal day in crypto as usual. Companies announcing their Bitcoin holding is big signal for FOMO’s but the majority will benefit from it, so far the Bitcoin’s momentum is solid I think with or without the news of how much big companies BTC holdings.
Better that we have bitcoin no matter what happens because if you don't and you are just speculating the prices then it is a pretty useless thing because you didn't benefit from the pump so to everyone who plans to sell, wait for the date to pass by and if the prices doesn't go up then you should do what you should do.
1973  Economy / Speculation / Re: Bitcoin will drop to 20k is not time to buy btc now on: May 07, 2021, 12:02:41 PM
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Obviously everyone will not know what will happen in the future and I can agree with you, but if it is about bitcoin, maybe we can analyze from the habits that have been done by bitcoin itself, although maybe the analysis can be much different but at least there is a handle for used as a guide.
We could probably analyze but given that this years graph is different from the past, I think that it will be difficult to be certain when you want to predict or analyze the next movement of the market.
1974  Economy / Speculation / Re: Who is Faster to dwindle at the price in the long run BITCOIN OR GOLD on: May 07, 2021, 11:28:53 AM
To be honest, we don't know because we don't see the end of the the line for both commodities that are in question, gold has been a sought after since the dawn of humans while bitcoin is still relatively a youngling when compared to gold. I would say that both doesn't doesn't dwindle in value.
1975  Economy / Economics / Re: Square invests 50 million USD in BTC: instrument of economic empowerment on: May 07, 2021, 10:48:23 AM
This company really know what to put on their bags, they wouldn’t bought it without a reason they probably they want to miss Bitcoin. I feel positive about this and sooner or later more companies will follow their steps, companies are fomoing now or others might secretly bought some Btc’s.
Will these purchase increase the prices though because considering how big Tesla has bought, 50 million isn't a lot for a company like Square, I feel like these purchase is going to be a short-term one.
1976  Economy / Economics / Re: Warren Buffett says he's sees ‘very substantial inflation’ and rising prices on: May 07, 2021, 09:11:09 AM
Funny how he recognizes this but is unable to see that Bitcoin is the best protection for the coming hyperinflation, but hey, as I have said in other posts about him and Munger, he got rich in another era, he has one foot in the grave and Bitcoin is not needed for him to get rich, far from it.

It will remain to be seen if as inflation rises, the FED dares to raise rates. We are in a headlong rush forward in which we cannot have our cake and eat it too: if the FED keeps printing, there will be hyperinflation, thus bad for the economy; if, on the contrary, it raises interest rates it will probably affect negatively the stock market and economic growth.
Because if he voices his opinion that he supports bitcoin then it will not be on his interest plus I don't think that he is going to change his perspective about cryptocurrency in general since he is an old timer and you know that you can't teach old dog new tricks.
1977  Economy / Economics / Re: Bitcoin vs Agriculture on: May 07, 2021, 08:34:40 AM
l have studied agriculture during my tertiary education but I find it hard to figure out how bitcoin can be used in the agricultural field.The only way is to make an investment in bitcoin or receive payment in bitcoins for your farm products which will also help to encourage it's adoption within your local community.
That's like the only way possible, and either OP could sell his/her harvest only in bitcoin or make bitcoin as an option for payment, I think that it could work because I have seen a rice retailer in my country that are selling rice with payment options  include bitcoin, ethereum, litecoin and other coin that I forgot the name.
1978  Economy / Economics / Re: If Something is cheap you Buy it Buy the dips on: May 07, 2021, 07:53:31 AM
That depends, if it is crypto or stocks then you should probably buy it but if it is items that you are going to physically use, you might want to invest on more expensive ones since they are more of high quality compared to cheaper products.
1979  Economy / Economics / Re: Will the Australian economy get effected due to the current crisis with China? on: May 07, 2021, 07:17:18 AM
The sanction on resources that Australia has put on China isn't going to be damaging to Australia but on China because they need the materials, Australia can find another buyer for those resources, I don't think that it will affect them because they are recovering in the pandemic already.
1980  Economy / Economics / Re: US economy is booming, but people are not seeing it. on: May 07, 2021, 06:33:09 AM
why haven't people seen the US economic boom? because many people are still in a situation of the Covid 19 pandemic where the world economy is experiencing a decline. I think people are not too focused on paying attention to the economic condition of a country, they are focused on fighting Covid 19 and thinking about health. so maybe a boom in the US economy will be seen when covid 19 ends
It's only booming for the industry that was active during the pandemic so the people don't see the effects of a booming economy. The problem is that US government doesn't have programs that are targeting the individuals that are effective and efficient so I think that this kind of boom isn't beneficial besides the people that are in the upper echelons.
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