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2401  Economy / Economics / Re: Are you ready to spend crypto when market is down on: January 11, 2023, 02:43:08 PM
Most people will tend to sell their currency out of fear during a market downturn. If you are holding altcoins, you should stop the loss in time to reduce the risk. It is better to lose a small amount than to lose all your funds. Be patient when holding Bitcoin, trusting that the market will rebound and the gains will continue to be reaped.



You are kind of thinking that it is the end of the life of altcoin. Not all have fear over this; others will take this as an opportunity to purchase more and gain more assets. You won't be losing your funds if you are smart, like if you know the cause of the downtrend and predict that it will be up again, since it will also be your loss if you sell it and after a few months the price goes high.
2402  Economy / Trading Discussion / Re: Many signals don't work now like they use to be on: January 11, 2023, 11:22:34 AM
signals are always such a bullshit, most of the time, when their signal is right they are just stating the obvious, now these signals are showing its true colour that is they never correct from very beginning, these signals maker just don't have any idea about the future prices, they are just random guessing and if one of them is right they'd call themselves genius.

My view about these signals from the very first day is that if owners of such groups are that much effective in predicting future, then why are they not super rich ? Rather selling their ideas for 10$ per week subscription. You need to be very careful while investing your money, my advice is make decision on your own atleast you will learn something.

For sure, those owners of the signal group will say that they will share their knowledge by 100% correctly predicting a trade. They always say that, even though they are just wanting newbies' money. Also, they have a strategy in which they will join those newbie traders in a free channel and post a lot of profit on trades in order to attract them, and anything fancy in order for the newbie to pull out their money in order to gain access to the exclusive channel, which is still useless. 
2403  Economy / Gambling discussion / Re: Can we really make a living in sports betting? on: January 11, 2023, 09:11:46 AM
I'm not sure if there's anyone here who makes a living from sports betting. But I'd like to see if there are any, and I'd like to share with you a documentary I saw about a sports bettor king in New York. He hasn't shared any input on his strategy, but he is definitely rich and makes a living off of it. He just shared that his first bet was $3,000 and he turned it into $30,000 So he told himself that he could really make money from it. He only gave one piece of advice: bet big because the reward is high, but so is the risk. 
2404  Economy / Economics / Re: Your way of living the wage what you need to live normal life on: January 11, 2023, 07:52:15 AM
If the government wants to get involved then they have to increase the wages and the needs of the workers for a decent standard of living, but each job has a different salary and they have a life according to their income, even though there are regulations determining the minimum wage but it will not be enough to rent a place because their salary is not enough for that and does not include other main needs that must be prioritized. But some countries for a minimum wage of $250 per month is enough for a year's rent, decent housing and not far from urban areas.
It seems too cheap to be able to rent decent housing for a year close to the city with an income of $250 per month. I haven't even imagined that such a large amount of income can be used to rent housing or a place to live close to urban areas. Because when someone is in their new home, all the expenses for their living needs will be very large and they even need to find additional income so that they can be very comfortable to continue renting and also save to buy a complete house.

$250 per month is already huge in a third world country, whereas here in our place it is only $200, but still they can afford to rent a house or an apartment, but again, it is not enough. They need to spend their expenses only on those needs, and they need to do side jobs as a form of another source of income since it is not enough. Also, it is difficult to save money in this kind of situation to buy a house; you really need to take a loan, but again, you'll be struggling to pay it back. The solution is really having another source of income.

look for more options of earning some money thru side jobs. don't be picky, as long as you're earning and adding to your monthly income, why not? we have different cost of living as we live in different parts of the world. some countries are expensive and yet some are cheap. if you happen to live in a country where everything is cheap, why not save some of your extra and invest it, right?  it all depends on our disposition in life how we can improve our way of living, no matter where you are on this planet.

If you live in a country where food prices are low, your salary is likely to be low as well, so it is still expensive. Also, before the pandemic, I've noticed that when people are looking for a job or side job, they are extremely picky, primarily because of the salary they receive; however, after the pandemic, they are now getting all the side jobs simply to add their source of income because everything is so expensive. Saving money becomes increasingly difficult as prices rise while wages remain stagnant.
2405  Bitcoin / Bitcoin Discussion / Re: Bitcoin can be banned or stopped by governments on: January 11, 2023, 06:51:13 AM
However, due to the risks involved in doing so when residing a hostile country to bitcoin, it's advised that enthusiasts think about the possibility of moving themselves to a bitcoin friendly country, so they can live in peace without constant fear and paranoia of retaliations from the state.
You can't just move to another country because of bitcoin, unless you really have a big hidden fortune that can make you retire.

It would be easy to say that if you have wealth, you can just move to another country; let's say you own a ton of bitcoins; then, moving to any country as long as your visa and passport are approved, you can move immediately; but if you are just a simple citizen living on a minimum wage and barely surviving, I believe it will take time. You have nothing to do but accept what the government will do and try not to get caught or follow their policies.
2406  Economy / Economics / Re: What is your biggest obstacle to achieving financial freedom ? on: January 11, 2023, 05:51:13 AM
You've made an excellent point. Nowadays less employers are interested in applicant's educational backgrouds except for some very special fields such as chemistry, medical etc. The reason is very simple: lower losts and more potential output. People without college degrees are generally working hard and concentrate on sharping or accumulating their skills. They usually grow faster than higher eductional employees. Apart from this, there might be another important factor: they are just too many college graduates without the qualified knowledge and work ethics as the old generations had. It's like currency inflation. Once it's too much out there, the actual value will decrease.
Employers are finding ways to get people who are more experience in a more specific or particular field rather than someone who generally needs to be taught first or trained precipitously. Unless the work, like you, said in special fields, people are going to be replaceable knowing that they can rely upon and easily find someone who would be willing to give it their all. That's why some AI are replacing people as well because they can work 24/7, unlike people. It's just that there are advancements and shortcuts that would ultimately benefit the company.

I just noticed (because I was involved in the hiring process at my current job) that employers are not picky when it comes to hiring people as long as they are committed to their job and willing to be trained because when we hired those who had experience in our field or were the most capable, I would say they easily quit without a reason or their performance will drop after a few months because the reason is that they have another job. So right now they prefer to be committed to the job and honest; even without any skills, they will train for them.
2407  Economy / Trading Discussion / Re: You Learn More from Losses than from Wins on: January 11, 2023, 04:52:12 AM
Sometimes failure could be our best lesson in life, we could learn a lot of thins from our own failure.
And I agree to OP that failure could make us realize a lot and wake us up to reality.
I feel so proud and powerful back then when I was gaining so much from my success but one mistake took it all and made me realize so much.

Mistakes and failure are the best teachers in the whole world because they can wake you up and also try to go around them so that you won't do them again or experience them again. There are people who do not listen to the advice or opinions of others; they prefer to go with their own opinion, which they realize is incorrect when it fails. The same in trading: after each loss, you'll have a lesson to learn and will try to avoid it happening again.
2408  Economy / Gambling discussion / Re: Woman won $43million but was offered a steak dinner instead of her winnings on: January 11, 2023, 03:51:13 AM
It was a fishy reason, and there is something behind the story. That is a huge amount, and no matter the slot malfunction, they should still have given her some sort of damage pay or a bigger amount on it as it is their duty to make sure the slot machine is working properly. That selfie could be proof of winning, so she should try to pursue it until she can get bigger than the amount that was given to her. If I were in her situation, for sure, I would ask the owner for a letter that was signed by both parties saying that you won it, but I need to go back the next day so that I can really hold them accountable.
2409  Bitcoin / Bitcoin Discussion / Re: The mistake I made some years ago on: January 11, 2023, 02:50:34 AM
I was scammed also before by those pyramiding schemes, as I was just starting out and not aware of them. I think most of us went through with it or tried it out out of curiosity, but again, I learned a moral lesson from it, so we shouldn't be trying it again.
 
Also regarding the bitcoin that was left you are lucky that you remember it also it was huge amount . I also can relate to this but in a exchange (bittrex) i forgot my bitcoin i think last 2018 it is not huge but it help us buying needs since i sold it immediately 
2410  Economy / Economics / Re: Your way of living the wage what you need to live normal life on: January 10, 2023, 05:19:00 PM
If the government wants to get involved then they have to increase the wages and the needs of the workers for a decent standard of living, but each job has a different salary and they have a life according to their income, even though there are regulations determining the minimum wage but it will not be enough to rent a place because their salary is not enough for that and does not include other main needs that must be prioritized. But some countries for a minimum wage of $250 per month is enough for a year's rent, decent housing and not far from urban areas.
It seems too cheap to be able to rent decent housing for a year close to the city with an income of $250 per month. I haven't even imagined that such a large amount of income can be used to rent housing or a place to live close to urban areas. Because when someone is in their new home, all the expenses for their living needs will be very large and they even need to find additional income so that they can be very comfortable to continue renting and also save to buy a complete house.


$250 per month is already huge in a third world country, whereas here in our place it is only $200, but still they can afford to rent a house or an apartment, but again, it is not enough. They need to spend their expenses only on those needs, and they need to do side jobs as a form of another source of income since it is not enough. Also, it is difficult to save money in this kind of situation to buy a house; you really need to take a loan, but again, you'll be struggling to pay it back. The solution is really having another source of income.
2411  Economy / Gambling discussion / Re: Have you experienced this kind of gambling on: January 10, 2023, 11:28:03 AM
So this particular guy in Nigeria around 5 years ago followed some Jersey numbers he has been monitoring for the week and according to him 3 of the numbers where consistently and regularly appearing on different TV stations for the week and he concluded some numbers and went to stake them 3/3 in the weekend draws and behold! When the matches were played all turned out draws and this guy cashed out from different pool shops where he did the stakings. It was a big winning story in the area alongside few guys he gave the numbers to try their luck.
The guy was only lucky, but gambling is luck. What I do not use to take in sport gambling is draw, I prefer to go for win or lose. Instead of taking draw, I can just go for win or draw with smaller odds. But in my own way, I have to analyse a match before selecting the players, I do not just because of no analytical reasons select a team to just win, I follow analyses and not that kind of strategy.

Sometimes draw happen especially on boxing match so even if we don't like it this one occur especially if both fighter show some good performance inside the ring. Also same as you I always analyze the player or the team before I go bet because its really hard to say we get an advantage even if we bet on top team if we didn't check any injury status or even availability of their star player(on other sports).

A draw is not uncommon in boxing because it is usually due to the score card, and it is also uncommon to win in this type of situation because most of us bet on the most powerful, or the one with an advantage, but there are still people who bets on a draw and the odds on winning on it are higher. But whatever the sport, no matter how strong the team or person we bet on, there are still days that they will lose, even if we check if there are injuries or anything else, so we should bet with caution, but again, losses in sports betting are really part of the gambling. Let's just bet what we can afford to lose, and if we lose, then we need to move on.
2412  Economy / Economics / Re: Americans are once again quitting their jobs at a growing rate on: January 10, 2023, 10:15:23 AM

I haven't seen it mentioned anywhere. But it is possible that one of the reasons people are quitting in high numbers involves them not being able to pay their bills with the salary they earn. Which has to be a tough spot to be in. It is known that many homeless living on the streets, have stable full time jobs and simply cannot find residence within an affordable range.


I've also seen a documentary about homeless people who work as accountants or have other regular jobs.I used to believe that being homeless meant having no job, no family, and nothing at all, but after watching those documentaries, I realized that they were actually living on the streets by their cars while still going to work as having a house is very expensive even if it is an apartment.

Back on topic, does this imply that they are changing careers or jobs to ones that pay more? This probably is true since waiting for a salary increase will take more years than finding another job, but again, the competition right now is difficult. But that is only the reason I can see why they quit their jobs, even if the situation right now is very difficult.
2413  Economy / Economics / Re: What is your biggest obstacle to achieving financial freedom ? on: January 10, 2023, 09:08:49 AM
Quote from: chrisculanag
For me the biggest obstacle is the low level of my education which makes it difficult for me to find a good job that can give me the dream of financial freedom. All I do is look for extra income online. I'm thinking more about saving first and finding a good business that suits me.

This is what many families are facing today in different countries, because they failed to believe that education is power to success. I think, is never too late for you to get it right to further your education, if you wish because there is a lot of benefits that follow those who are well educated in the country in the areas of good jobs and knowledge to improve higher in any type of businesses. But if you prefer to do business, I think is a good choice also but you need to work hard for you to get the capital to start your own business to fulfill your plans in life.
That is true, there is always time to educate yourself. To study at an university is an important step for people of the currently generations, because there is a lot of competition for jobs in the market. Those who have a superior degree will have an advantage when applying for a job. Also, after completing the studies, there are serious chances of being hired, as companies look at universities for recently graduated professionals to start working for them. And of course the wages are much better when you have academic education. I hope he doesn't give up going further on his educational journey.

Coming from a well-established university is definitely a plus for the employer, but as time goes on, I've noticed that they are less interested in the applicant's educational attainment and more interested in their skillset and a nice portfolio of what they've done, as well as past experience. Though I am not saying all, when I was just in the interview stage in my current company, they shared that a lot of their former employees resigned because they didn't have determination, and sometimes they claimed they had these skills but didn't have them. Those who have not finished college are stronger and have more skills, and mostly they are loyal and eager to always improve in the company.
2414  Economy / Trading Discussion / Re: Newbie - need your advice after first trades (image joined) thnk you in advance on: January 10, 2023, 07:34:13 AM
Most of us here will say that it was a kind of small profit for 6–7 days, but for me, I would say it was a good start since you are a newbie and you are just touching the water. Just continue it, and you will develop a more robust strategy and double your profit. Just don't think first about the profit; think first about how you strengthen your strategy. Also, don't be scared to lose, as that will be your teacher as long as you reflect on those mistakes you've made, research why you lost on that trade, and then try to not do it again in your future trades.
2415  Economy / Gambling discussion / Re: [Boxing] Tank Davis vs. Ryan Garcia betting and discussion (May, 2023) on: January 10, 2023, 06:32:14 AM
So it is official that Ryan Garcia and Tank Davis will be fighting this year on April 15. This will undoubtedly be a major sporting event this year. I am excited about this fight! Though I don't watch boxing except when Manny Pacquiao fights, this fight looks really good because Ryan is mostly what I saw on social media and Tank was in the Mayweather promotion. Though the power of Tank is very different, as is how defensive he is, but Ryan has the height and reach advantage. 

2416  Economy / Economics / Re: Avoid running into financial ruin this Christmas! on: January 10, 2023, 05:30:14 AM
So while having a good time with friends, family and loved ones during this festive season, please remember that January, with all its bills is around the corner.

A very merry Christmas everyone!!!

Had the worst Christmas in 30 years last year. 2 days before Christmas I got covid and had to stay home alone over the holidays. My parents are already old and I didn't want to risk them getting infected. While the whole holidays were kind of sad and lonely, watching bad movies online and eating canned food, it also had some advantages. I didn't have to give any presents to my family and will probably now keep them for this year. Giving presents a few weeks after Christmas seems wrong and like that I already have all the birthday presents for a whole tear. The second good thing is that I didn't gain any weight over Christmas, had almost no food at home and no sweets or biscuits. So financially this was a very good Christmas and I am not so worried about the bills coming in now.
that is so say to learn - hope you are feeling better.
The Covid and the cough has made the life miserable for the people. Even there is mild Covid we all are experiencing during this winter.
May God keep us safe during the  toughest time.
We are in winter and everywhere is cold and there are chances that this is the best time for COVID-19 to be easily spread even when the government had put in efforts to eradicate the COVID-19 virus finally. We need to stay safe and prevent ourselves from danger so that we will not be a victim of something that would take our lives.

Not joining parties can really save your life, and having your own small party can also save you and your wallet. Though COVID is not rampant right now as we are almost all vaccinated, we should not take it for granted because it can really spread easily. A small gathering, such as with nearby relatives or just your family, is preferable than those big parties. Though, due to the recession, the prices of food and items are still high, so it's best to save or only spend a few dollars as it's just a simple celebration. 
2417  Economy / Trading Discussion / Re: Many signals don't work now like they use to be on: January 10, 2023, 04:37:14 AM
You need to be prepared for this, do not be surprised. Signals are just how someone sees the market, nothing more. Do not think that this will bring you profit in any case.
However, I've seen good trading signals in the past with 80% accuracy but one thing clear about it is that, no signal is guaranteed 100%. Not longer surprised to lose money with aide of signals, they're limited setups by experts who gain and lose in the market. Signals don't always work in some market structure, some of them are not accurate, losing money to signals ought to be painful when the market is bad. Trading signals often failed in the bear season with constant breaking and retesting of the chart candles.

How did you calculate 80%? from what they said? nah, not sure about that because if that is the winning rate of those who give signals, why is he still doing some sort of signal groups and wants to charge admission or subscription fees to those who join them? If it is really 80%, then for sure that trader is already lying down a lot of money on his bed, and his free time would be spent on driving sports cars and not managing a telegram group.
2418  Economy / Trading Discussion / Re: Trading With Borrowed Funds!!! on: January 10, 2023, 03:35:14 AM
It seems to me that this is a very big mistake. It is important to understand right away that trading is a risk. And if you did not have money for trading, how then to repay debts?

We all make mistakes, but at least you ask first before jumping to conclusions, like taking out a loan, and then try trading. Most newcomers have this mindset, believing that it is simple to earn a profit and repay their loans, but the harsh reality is that it is not. Many people I've known have said that they will lend me money and give it to me so that I can play with it in trading and profit from their money but it was a bad decision so I didn't take it.
Just let people do learn up from their mistakes because if they are really that dedicated on taking up a loan then they would definitely be doing it no matter how many times you would really be telling them on not on

doing so because its never been a wise decision on having that borrowed funds to be traded into a very unpredictable market.Just like on what most people been saying up here that you cant really have the guarantees that you could make profits out of those crypto investment which you could be able to repay on the right time which means it would really be causing up more trouble or headache.
If you are really that desperate then you should trade up well with those funds and pay on things that you are obliged to do so.

There are some people who will continue to do it even if you have already told them.I am kind of pissed at that kind of person; when we give advice and they still continue to do it, it is like they listen to you and then forget it after an hour. It is best that they experience those mistakes and learn from them(for sure it will be a painful mistake as it can ruin their life).

On the other side, there is a chance that you can repay your loan in trading by your profits, but only if you are an experienced trader who knows what he is doing and can manage her money and risk well.
2419  Bitcoin / Bitcoin Discussion / Re: We have been told: Invest only Extra money in bitcoin on: January 10, 2023, 02:36:01 AM
We have been told many times to invest only funds which you can afford to lose in bitcoins. But the question is that most of us do not have that extra funds to invest. So, what we do is we buy bitcoins from our savings, and from whatever money we get, we try to buy bitcoins. Middle class people do not have that EXTRA money WHICH THEY CAN"T AFFORD TO LOSE.

Yes, i invest in bitcoins but it is not EXTRA money and I am afraid I can't afford to lose. Do you have that EXTRA money that you can afford to lose  Huh
We are a small scale cryptocurrency user. We have no extra money from which to invest in Bitcoin. The money we earn from this crypto currency should be used for the benefit of the family. Later our investment failed. But we all should invest at least 10 to 15% of our money. This money may bring you great benefits for future planning.
And my advice to those who have the support to invest here is to invest at least 20 to 40% of your money every week. This money will become a great tool for your future planning.


20% - 40% was too large an investment for a weekly basis unless the remaining 60% was a huge amount that could still buy our basic needs, but the sad truth is that even if we get 1% of our income, we couldn't invest it because our salary is insufficient. This strategy only works if you have extra money; otherwise, we must wait until we have extra money, such as bonuses or money given to us by our boss. Though if we say we really have spare money to invest, then the bigger the percentage, the better.
2420  Economy / Gambling discussion / Re: A lottery's defense to not paying a huge winning. on: January 09, 2023, 05:22:30 PM
The question is ?
What do you really think of the lottery company and is there any chance for them to winning the case and not paying the winner?
Some countries lottery/gambling is legal and some countries lottery/gambling is illegal, if you talk about laws, it depends.

I mean, there are lottery companies that are illegal and there are legal ones, if the user wins the lottery the lottery dealer doesn't pay, let's say the lottery company is legal, if the winning user has enough proof of his winnings that user will get the lottery and vice versa it is illegal to have no hope for that user.

In the case as you mentioned, it seems legal, it is marked that the user is likely to get the lottery.

But mostly this kind of case is illegal and for sure what you've expected on this?  If legal as long as you have the winning ticket then the case will end, and you'll be sure that you can get the money but if it is illegal it is more likely the lottery will close and not open or they will keep blind that you didn't win even if you have that ticket. I heard this rumours around our neighbourhood when I was a child that a lottery closed because someone won big and they didn't pay him so he can't chase them as he doesn't know them.
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