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21  Economy / Economics / Re: Starting a business without capital. on: May 11, 2024, 10:48:25 AM
Is very possible starting up a business without capital all you need is your ability of pursuing success.
Affiliate marketing is a business you can venture into without capital and still make good money from it, even more than some businesses started with capital.
Affiliate marketing is the process by which a person earns a commission for marketing another person's products.
All you need to start this business is good communication skill in other to sell the product of the other person and get a commission for doing that.
You can decide to market product of different company or person's at same time by doing this you are sure that everyday someone will buy from one of those product's there by making money every day.
When you become an expert in affiliate marketing you will start making profit every day of your life.

Yes, affiliate marketing, the 21st-century business. It's really good for people who are good at MARKETING and want to make money on the side. But Affiliate Marketing isn't ' your ' business. So, you can't really say a way to start a business without capital is through affiliate marketing. In Affiliate Marketing, you sell to people for commission, it doesn't belong to you.

But, that doesn't mean there aren't really ways to start businesses without capital. There are a number of ways to start a business without capital. One way is using the customer's money to fund the business. This usually works for small enterprises like a catering business, where one can use the customer's money to buy the ingredients, make it, and take the rest as the pay. People usually continue this until they have their own money or save enough to have their own Capital. You Can research other ways one can start businesses without capital on the internet.
22  Economy / Economics / Re: Do you think Bitcoin can end poverty? In a nation today on: May 11, 2024, 10:37:19 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.

Yes, Bitcoin has the capacity to end poverty in certain countries and for certain people. But, poverty cannot be completely eradicated. "The poor always be around ". It's not possible for everyone in the world to be rich, circumstances differ and while some people are desperately looking for opportunities to be rich, some others don't even want to be rich. Poverty can be reduced to a sustainable level to call it the growth and development of a country, but I don't think there's a country where every single person living in it is even at least able to take care of themselves. Everywhere you go, you will always find a few people who can't afford or spend over $1 a day.

So, in as much as Bitcoin may actually have the capacity to eradicate poverty in some countries, a lot of people stop themselves from being rich.
23  Economy / Economics / Re: Take care of your money and learn to save. on: May 11, 2024, 09:58:28 AM
Yes, people's financial situations aren't always the same, but the thing about people coming code to you when you have money and leaving you when you don't isn't something I'm making money for. Spending money just cause you want people to be around you is careless and out of desperate desires.

Personally, I'm more concerned about the "lonely at the top" phenomenon. Because people don't really care about anyone anymore, just themselves and so should you. Take care of your money, and yourself, invest in yourself, and save more, and the future will take care of itself if you do the right things now.
24  Economy / Economics / Re: Personal Financial Goals vs Government expectations! on: May 11, 2024, 09:43:55 AM
Have you ever thought about this, what we are trying to achieve in our personal financial life is completely diverge from what the government expects their citizens to do.

We as Individuals always thrive to achieve financial independence in our lives especially someone who is from the average middle person but what the government expects from the middle class is different and is kind of surprising when we give deep thought about it, The Government highly relies on the middle-class tax payers for the money and most of the taxes collected in the form of indirect taxes so that people may not actually aware that they are paying taxes for everything from their salary, fuel, medicine, anything everything has taxes that eat most our earnings.

So as a result we are paying from 10% to over 50% of our earnings just in the form of taxes in one or another way. So one who really wants to achieve financial independence should find a way to reduce their tax pay legally like how the businessmen do.

Or like the bald guy says, we need to find a way to exit the Matrix. Cheesy

 Cheesy lol ... But on a serious note the government does feed on the dreams and goals of the people. Can't remember where I read this but, someone said, "In order to become rich, one would have to reduce their taxes & liabilities and increase their assets. In order to escape the matrix, you have to do the same. People work their whole life just to earn a pension afterwards but barely ever live a fulfilled because they sold themselves and their dreams to their country.

You have to learn to put yourself first, even if you're a government worker. Have side hustles, try to save, buy assets, and invest more. Your personal financial goals should matter more to you.
25  Economy / Economics / Re: Stagnant Salaries vs. Inflationary Savings Tax on: May 11, 2024, 09:33:51 AM
Which of these economic situations would you prefer to find yourself in?

A- Your salary is stagnant but prices fall. Where this happens, your real purchasing power has increased.  It's called constructive deflation. And even if your salary falls, but prices fall faster, you are still ahead.


B- Having your savings taxed 2%+ a year by inflation.

Drop your thoughts

Of course, everybody is going to pick the 1st option. Like... This isn't even debatable, there's nothing good or cool about the second option. Unless you're literally living in such an economic situation in reality.

Having your savings taxed by 2%+ every year wouldn't be that bad if instead of saving, you invested. Now that's gonna turn your inflated savings into a (deflated) asset. The value of your money would increase, and you would be able to spend more/ buy more. So, the second option isn't that bad if you utilize your money properly.
26  Economy / Economics / Re: Money is all wealth? on: May 11, 2024, 08:46:05 AM
Now it seems to me that money is all there is to survive in the world. Since 2020, since family finances have worsened, it is slowly seeming like money is everything in this world. Where there is no money you will find nothing. There is a saying that many people say, money can never buy you happiness but to me this is the funniest saying. Because without money you can never get all the things you want for happiness. In every case in this world you must depend on money to survive. Now I have to force myself to believe that at the end of the day it seems impossible to run this world without money. Where you have to depend on money to do every job or take every step, from studying, there is no other way and at the end of the day it seems to me that studying where there is financial insecurity is also unusual or not worth it.  Because when you see that your father in your family has taken the responsibility of your entire family on his shoulders and it has become much more difficult for him to carry the responsibility of the family, then you will no longer want to do anything other than earning money, then only the sense of responsibility will work in your head. I don't know how accurate my words are but to me it seems right now in this situation.

What you said in regards to the saying  " money can never buy you happiness" is true. Without money, a man can barely be happy. But, there are several aspects and sectors of wealth.

For a man to be considered wealthy, he has to have assets, not money as in fiat currency, peace of mind. He has to be smart and be surrounded by people who are smarter. Good health and a healthy lifestyle. There may be more, but these are the most important. You see, which one of these things doesn't need money to be sponsored? None of them.

I think it's all a mindset thing, if one believes their happiness can't be bought by money, they would be free from it's bondage, and may really be happy without money. And if someone believes money can buy happiness, they may never be truly happy, unless they have money, and will always want to work hard for their happiness. So this is really a mindset thing.
27  Bitcoin / Bitcoin Discussion / Re: When is it right to invest in Bitcoin? on: May 10, 2024, 07:20:31 PM
Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are:
-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?



1. During the bearish period. Doesn't seem reasonable, but in this period the price of Bitcoin reduces drastically and people sell out their assets due to fear. The type of people who usually do these are those without full knowledge of how the Bitcoin market works. You buy during this period, of course after obtaining proper knowledge of the market too, so you don't purchase it and it becomes a loss.

2. This question is a little bit vague. planning for what exactly?

If it's planning to invest in Bitcoin then you can start by getting a job, saving, reading investment books, and taking action. You may fail, you will fail, but it's an experience you'll need for a bigger quest or goal.

3. Review. Track your progress. Literally, follow up by tracking your progress.

4. No one is ever ready. ( There's a high probability this is from a movie). Take action, you will fail, get up and learn. Waiting till you're ready may take forever.
28  Bitcoin / Bitcoin Discussion / Re: Please, I urge you to buy bitcoin! on: May 10, 2024, 07:09:24 PM
^^^ With 8 billion people on Earth, that's (on average) 262500 satoshis per person. Plenty enough to do business with.

Cool

Sure  Cheesy... Wish that was how it worked, but some of us are greedy and won't stick with 262500 satashis. Anyways, bitcoin is experiencing a bull run. It may not be the perfect season to buy it but you can definitely still buy it if you've got the cash or you work for it.

Whatever you do, obtain it because, as OP said, it's  21 million pieces of freedom found in this century, the 21st century. Hmm... Not weird at all¿... What if both numbers have a connection huh?  Cheesy
29  Bitcoin / Bitcoin Discussion / Re: Do you trust bitcoin holders? on: May 09, 2024, 07:06:49 PM
Since Bitcoin promotes mostly anti-government, banks, etc.


I am wondering; Do you trust bitcoin holders?

Is there a reason why I should ?... Definitely, we all know, that anything that has an advantage also has its disadvantages. Bitcoin is used for a lot of good and great things and is also used to sponsor illegal and bad things. So, that's that about what Bitcoin promotes, but how exactly does it relate to or concern me and the Bitcoin holders?

A lot of people are holding as future investments, so they can fall back on something real good in the future, and others such as the anyi- government and banks, like you've mentioned are also bent on holding it for whatever reason. But honestly, I still don't see my business with them. Is there a particular reason why I should, or shouldn't?

30  Alternate cryptocurrencies / Altcoin Discussion / Re: 5 Coins to buy - good selection? on: May 08, 2024, 05:57:50 PM
Hello guys,

do you think that this is a good crypto selection to invest 5k €, 1k each?

- Render (RNDR)
- Moonbeam (GLMR)
- NEAR Protocol
- Solana
- Shiba Inu

Im especially interested in your opinion in RNDR


And do you think it’s better to invest in those 5 coins mentioned above than putting all 5k into just near, shiba and glmr?



I literally feel like over 80% of the threads on the altcoin board are constantly talking about cryptocurrencies to buy. Like... The stats don't change man, why constantly make threads where were either repeating what we've chosen over and over again or calling something extra? Isn't there something else about altcoin there is to talk about?

Anyway, this isn't the best place to even make this known. Just to answer you if you must know ... Then bitcoins always gonna be number one for me, others would be; Ethereum, Litecoin, Dogecoin, Ravencoin, and meme coin. Thank you.
31  Alternate cryptocurrencies / Altcoin Discussion / Re: What is your strategy to win in this bull run? on: May 08, 2024, 04:59:49 PM
I'll list here my strategy that I am thinking about at the moment to increase my amount of sats throughout this bull run of 2024 and 2025. We have until the end of this bull run to maximize our gains with promising currencies with great potential.

You can comment if you agree with me or if you would do it differently.You can comment if you agree with me or if you would do it differently.

With the current scenario, Bitcoin exploded a little after the approval of its ETF (especially before it).

I made some trades in ETH speculating on the approval of its ETF, but it didn't give returns as much as BTC, that being said, the market is mainly targeting BTC now, so I think it makes sense for me to keep the majority of my portfolio in BTC anyway, for while.

While altcoins, some or others explode upwards, while the majority are only sideways or falling, even at times when Bitcoin has its bullish days.

So I think it's not the time, at least for me, to expose myself to altcoins for now. I think the market is targeting BTC, then it will expand the flow to ETH and consequently altcoins and we will see alt. At the very least, I will wait for BTC's dominance to drop a little to expose myself to some altcoins.

As soon as the altcoins perform well, I'll start trading on the spot, and consequently, when I see profits, I'll trade altcoins in the derivatives market (futures) to maximize profits, doing it this way, I don't need to expose my current bankroll and I 'll just work on derivatives on top of this profit, making exponential profits.

I want to come back here throughout 2025 so I can say that this strategy worked.

_______________________________________________________________________________ _______________________________________________________________________________ _____________________________

Comment on your strategies for winning in this market and changing your life, list tools you use that help you with your decisions. I will do the same throughout this thread.


Your plan is great man, but I don't think you should be discouraged about the turnout of altcoins. Usually after the bull season is the altcoin's season, when the prices of altcoins would increase drastically. So, it's easier to buy them now that they are cheap.

My plan for the bull season is to work hard on the forum.. not gonna lie... It's not advisable for anyone to buy Bitcoin anymore. Cause it's price won't be reducing so much for now. So, working hard for Bitcoin and buying a little of promising altcoins and holding them for long ( probably just till the altcoin season ). That way, I will be able to earn from bother the drop and increase in the prices of several cryptocurrencies.
32  Alternate cryptocurrencies / Altcoin Discussion / Re: What's your favourite Alt-Coin, and why? on: May 03, 2024, 01:55:30 PM
What's your favourite cryptocurrency besides Bitcoin?

Maybe Monero, with its privacy, scalability and fair mining?
Ethereum, with its innovative smart contracts?
Maybe Litecoin, the old and trusted low-fee coin?
Or Bitcoin Cash, which tries to follow Satoshi's vision?
Or, why not, Dogecoin, the funny coin?

Pick your favorite and reply here why you love it!

Ethereum. Let's be honest with ourselves, the second most important and highest-paying cryptocurrency after Bitcoin happens to be Ethereum, and that's why it's popular, and of course, is everyone's favorite altcoin.
A lot of other cryptocurrencies sure experience time of huge pumps and price hikes during certain seasons, but Ethereum is just as cool and popular as Bitcoin and usually remains the highest valuable altcoin. Another reason for me would be; that it serves as a medium of exchange and store of value. Not all altcoins can even be staked. So there you have it ... Ethereum.
33  Economy / Economics / Re: Harmful effect of robot to the world. on: May 03, 2024, 01:45:35 PM
Robots work on the "Garbage in, Garbage out" system. Any man who decides to lay off a huge percentage of his workers to replace them with robots is nothing but a fool. Humans can learn every day and evolve. Robots, not really.

And to be honest, the reason why the government intervenes in the economy is for stuff like this. The government creates businesses and opportunities for people to become employees, so whoever wants to work should go into a government-owned enterprise and work. They even pay more  Wink. I would never subject myself to work for the government, but then again I would never subject myself to work for anyone. So, it's really a question of what everyone wants for themselves. But as for a decline in the economy, that's the government's responsibility.
34  Economy / Economics / Re: Your aging and retirement plan is your responsibility. on: May 03, 2024, 01:35:26 PM
I really do look at how the last generation believes in the retirement plan made by their government. Funny how a lot of people nowadays still believe in stuff like that. Do you know how nice and convenient it'll be if you focus just 10 years in your life on work, in that time build a lot of assets and retire at a young age? Retirement doesn't mean you're totally living on the money you've made or saved it's living on your assets .. and investing every single time you get the opportunity.

It really is sad that people still want to work for the government just cause of a retirement plan that they may not live to see. The same thing goes for assets that some people may not live to use. Try to enjoy every day as you prepare for the future so you don't miss the past or regret it.
35  Economy / Economics / Re: Surviving in this economy needs a new minds set on: May 03, 2024, 01:19:32 PM
Year after year before the cross over service there will be promises of a new beginnings, new hopes, vision, wishes and resolution
Government will come up with the budget of the incoming year and and when you look at the budget it is really interesting with hope's of having a better year ahead as in the budget it capture virtually everything including the economy and other aspects of the nation
But every year that passes on the economic situation is getting worse by the day, infact inflation increase with each year that passes making the living standard of the poor unbearable
This makes me to think and have come to the realization and conclusion that surviving in this present economic situation needs a total different mind set such that will make you to think out side of the box
Investing in crypto currencies like Bitcoin is not a bad idea at all

In as much as this is based on economic matters, I have this feeling you may be in the wrong board. But anyways, you're right on the fact that situations ( take note that it isn't as severe globally) are getting way worse day after day. And one really has to think outside the box in order to survive. No one cares about you, especially not the government, but yourself alone cares about. So, do what's best for you and redeem yourself from whatever bad economy your country is facing.

Remember bad economy is where great minds are discovered. Something that amazes me about an inflated country is that it may be difficult to gather capital for business, but do you know that once you're able to produce a valuable product/ service and market it, you'll gain in an inflated economy more than a good one? Inflation is bad for the middle-class and lower-class people, not for the upper class and businessmen. So, put in the work, and prayers and do what you ought to do now.
36  Economy / Economics / Re: What scares me from investing in gold. on: May 03, 2024, 01:06:44 PM
I was in Costco the other day and was tempted to buy gold bars they were selling to diversify my portfolio.
I have never bought gold as an investment before and it would be super easy and convenient to get it from my local Costco.

For those who don't know Costco is a very popular supermarket in the US that sells everything from grocery to consumer electronics.

Two things made me change my mind.

1) I asked the salesperson will Costco buy gold back when I want to cash in and sell it? He said no Costco only sells but won't buy it back.
So buying gold from Costco would be super easy and convenient but when you want to sell it Costco says good luck you are on your own.

2) Costco charges a 2% fee over the spot price which is two to ten times what most crypto exchanges charge you to buy and sell bitcoin.

I read a couple articles on the internet about how to sell gold and it seems a rather complicated and expensive process to do.
Where do you even go to sell your gold besides a pawn shop (who will give you only half of what it is worth if you're lucky)?

Do you have to ship it to the buyer? Is escrow involved?



How to sell gold without getting scammed.
November 10, 2023

https://www.cbsnews.com/news/gold-prices-how-to-sell-your-gold/

There are many ways to sell gold, but limited opportunities. The physical gold is still very much worth buying just that it'll be more profitable for people starting a jewelry business. Imagine investing in tons of real gold from wherever buying in bulk definitely means less amount spent. Then afterwards you hired goldsmiths and made beautiful accessories. That's some business idea.

The thing is, of course, not everyone's going to want to sell their gold like jewelry, so how about selling it to jewelry businesses, yeah? That's what they want, and they'll pay to get it from you. I'm sure Costco isn't the only gold-selling place in the world... So don't let that bad experience discourage you. Gold is really some profitable thing to buy and keep.
37  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum will still be my choice this year. on: May 02, 2024, 12:14:10 PM
Definitely Ethereum's number one on the altcoin's list. There may be many really good cryptocurrencies out there, like the likes of Ravencoin, Dogecoin, Litecoin and so many others that have seen a lot of increase this year, but Ethereum still remains the first & highest altcoins and the best investment decision. Funny, how crypto prices increases cause it is becoming more popular and many people are buying it. So, if a bunch of people decides to buy some of the now cheap coins it's price would also increase yeah?
38  Alternate cryptocurrencies / Altcoin Discussion / Re: Thoughts on Worldcoin? on: May 02, 2024, 12:05:45 PM
The fact that something like AI crypto exists is fascinating. Not the first I'm even hearing about though, but this one in particular has something different, like an aim or objective. Trust me, I'm neither a fan nor a skeptic of whatever Sam  Altman has going on, but the aim of this coin is to ensure proof or personhood with the use of its worldID.

Anyways, my thoughts on Worldcoin, it really does sound like a joke, but maybe it is cause I don't know much about it. For someone as smart as the CEO, I believe he knows what he's doing, and it'll be helpful to as many who need it. So... Just hope it's not some shit coin.
39  Local / Nigeria (Naija) / Re: Local Board Moderator; Your honest feedback here. on: April 24, 2024, 02:59:50 PM
First of all, thank you for stepping up to the task at hand and taking responsibility. On behalf of the community, I'd say, we all really appreciate it.

Secondly, my honest feedback would be that you're an honest and reputable member of the community and of course, we've all seen your efforts. You saw a problem in the community and you've chosen to tackle it. For that, I'll give my honest support to you. Clean the board of scammers and spammers, and make it just as reputable as you are.

Once again, thank you for your efforts.
40  Economy / Economics / Re: The current situation in the country Nigeria. on: April 16, 2024, 10:20:04 AM
The hardship in Nigeria increase day by day the massive are suffering. The poor old men and women. That doesn't have access to bank are suffering. Just imagine a pregnant woman died in a hospital just because there was no cash the network was bad for transfer. Where are we going to. Our people are suffering they are dying our leaders should do something about it to me I don't think we have leaders anymore. The people we call our leaders have already failed us. Now it's time for election let's vote wisely let not suffer for 8 years again

I looked at the time this was written and discovered that it wasn't even this year. If someone had told you the year 2024 was going to be the way we see it now, you would have thanked God for how things were last year. The hardship is increasing day by day you say, and that little increase of bad to worse has led us to this point.
Things may continue in this format, but the way I see it you may either continue to complain or learn from it and move on.

The economic situation isn't stopping you from being financially free. That's the goal every day, not some economic constraints caused by poor government decisions. Even in the worst kind of situation in Nigeria, there would still be some people who are not bothered about anything. I want to be those people and you just try being like those people too.
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