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2561  Economy / Economics / Re: 23 Countries Now Abandoning US Dollar on: October 02, 2022, 09:03:34 PM
Your source is an anti-American site. Should we expect to believe you? You're spreading lies. Majority of the nations you mentioned op is not true. Russia and China wanted to get out and fight US dollar domination but even India won't commit to fight the US dollar. India attempting to balance each sides. India is a close friend of Russia but it is an enemy of China. India is also a member of the QUAD together with the United States, Japan and Australia. Germany, the United Kingdom and France have their own Euros but they won't totally abandon the US dollar.

Op I suggest you find a source that is not funny and biased the next time you post here.
I am pretty sure that there are "anti-American" nations as well, hence why there is a slight truth that there could be some nations leaving dollar for sure. Doesn't mean it is these nations, it just means that there could be some nations and governments who hate America and could be leaving dollar as much as possible.

Looking at the treasury of many nations in the image, it is not shocking that some of them have lesser, plus there is still no situation where it is fully gone, it is just "a little bit less", it’s not abandoning levels of it at all, it is simply just leaving it aside for a while, that’s it. So, I would assume that there could be slight truth, not because it is not an anti-American source, it is, but there are anti-American nations too.
2562  Economy / Economics / Re: Inflation is a creeping beast on: October 02, 2022, 07:45:21 PM
If inflation is serving as a creeping beast to looming every economic progress then it's time we realized the need to create a resistive monster to tackle against it, we have different approaches we can adopt in the economy to achieve this, one can engage on sourcing for an alternative business or venture, investment on digital asset like bitcoin, adopt Dollar Cost Averaging (DCA) techniques, set a realistic budget with adequate planning, avoid unnecessary spendings, cut cost and always buy the dip.
Spend less is a key factor that is a very tricky subject here. If you are living in an inflationary environment then you are going to have a hard time spending less, and if you do not buy the thing you want to buy right now, tomorrow it will be more expensive. I suggest considering debt as an asset and not a liability. I would suggest if there is inflation, then prices will go up, so if you make debt to buy something that you can resell later on, that would be a lot better in the long run.

It's not easy to buy things that you could resell higher because even if there is inflation, the thing you bought will turn from brand new from the store into a second hand, so buying second hand is better, that way it stays second hand and will go up in price even when you are using credit card or loan to buy it, you will resell for higher than what you paid for.
2563  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin be Palestine's currency of freedom?? on: October 02, 2022, 02:55:32 PM
You say El Salvador and the Central African Republic are experiencing financial freedom? LOL. El Salvador remains about as poor as it was and Bitcoin adoption has been rather low despite government promotion
I think financial freedom means we are now free to use our money and it doesn't mean that we will now be rich once we embrace bitcoin with us although it is possible due to its characteristics. For now maybe the adoption is low but I believe time will come that people will know the importance of bitcoin. Many people are soon going to embrace it.

Bitcoin is for everyone and everywhere. Just need to have Internet connection, a non custodial wallet (should have it, rather than custodial wallet), you can use Bitcoin.

Can use means you can receive and send it to others. Next, get accepted as a payment method locally is different; get legal tender is more different. If you use Bitcoin for illegal things, you will not have or have less issue with government even Bitcoin is not legal tender in your country.
If we want to attain a total freedom then we must use a wallet which we own our keys or seed phrases. I think btc to become a legal tender is only optional because many countries or people are now using a btc despite btc on their place is not yet a legal tender and still they can be able to use it on almost anything. Shops which accepts a btc are still popping out.
2564  Economy / Economics / Re: Development of bitcoin in Nigeria and it's economic effect on: October 02, 2022, 06:23:51 AM
The government difficult to do this because if there are two type of currency, people will prefer the currency that makes it easier for them to transact as well as other advantages, so not suprising many governments will ban bitcoin because they consider it their fiat competitor and can damage the banking system where the government also oversees the finances of citizen through banking transactions. Moreover, the government is filled with old people who find it difficult to accept change and always consider what has been going on as the most correct thing.
No matter how difficult the government choses to be on policies related to  regulations, adoption and ban of Bitcoin Nigerian citizens will always make their choice and find a way to navigate between fiat and crypto not because they want to be rebellious but because the Naira keeps depreciating. One of the biggest issue the leadership of Nigeria is having is that its governed mainly by the old who are bibliophobic and as such the get stuck in a cycle of knowledge. With the devaluation of Naira against dollar many youths prefer keeping their money in either Bitcoin or USDT just to save their hard earned money against inflation and if this persist in future times the local banks might run out of liquidity
That’s something many nations with weak currencies will end up doing, that’s a common thing and we need to realize that people are looking at other nations and using crypto as payment. Let’s be honest, 100 bucks may not be a big deal for an American, even a high school kid could earn as much as 20 bucks per hour at some pizza joint or whatever, and that means something that people in Nigeria would work days, maybe a whole week for, could be earned in a single day by an American.

That’s why it’s such an important task, and I would definitely look for it to be great and that way we would be able to consider it something that is profitable for all of us at the same time.
2565  Bitcoin / Bitcoin Discussion / Re: Bitcoin island in the Philippines? on: October 01, 2022, 08:44:30 AM
It is not a big news in my country but indeed crypto is fast growing in our country. There are mobile crypto wallet that allows to easily pay bills, book resorts since it converts traded crypto into fiat easily. There are small business who accepts BTC now. If they will really built a resort in Boracay it can influence more tourist spots to accept and will make wide adoption even in tourist. Hopefully it will be managed and run well to make it possible.
The evidence is even the online payment wallet is now accepting cryptocurrencies and many more, no surprise that they want to create a bitcoin island in the Philippines because they know many people will gonna enjoy it and they can even attract some tourists from outside of the country. Now the problem here is, the current situation of the market where we are currently in a bearish market. if this is no problem for them, then they can really proceed with this big plan for bitcoin and I'm sure everyone in the crypto industry will like to see how will it be.
Plus, there is a huge community that follows bitcoin in there, which means that there is going to be something that would benefit everyone there since it would be ready with a community in the long run.

That’s going to be a key element because it makes people realize that they could at least populate the place easily and could make a good profit from it as well. Doesn't mean they have to change anything, it would still be a problem with the general idea of it, but if somehow there could be an island, population problem would be solved and that’s a good thing, all the other things needs to be still solved since it’s definitely a big problem for sure.
2566  Alternate cryptocurrencies / Altcoin Discussion / Re: Three questions for old crypto fans on: October 01, 2022, 01:25:20 AM
I'd think it's normal, but that's on the occasion where you did your own DYOR. It's a nice startup for look for investment locations though if you're lost. As for projects, well old projects that don't see any improvement are bound to lose their place and get replaced with new blood., especially in the case of crypto where a lot of projects come and go every year. And I'd reckon to compare the most similar scenario for Luna was that big altcoin scam that took years to build up before the owner just poofed out called OneCoin I think? So yes, it's not really a "failure" per se, but you'd see coins like Luna come and go as well.
I do honestly believe that old projects that do not improve and keep up with the times going to always end up being worse. Why do you think that ETH being the second biggest coin of all time still trying to improve and change some stuff and constantly have the need to develop? I mean they could easily say they are second biggest and be done with it, but they do not, and they keep working on it, why do you think that is?

It’s because if you do not keep improving then you are going to drop eventually. Same goes BNB and same goes for all the others, they all try to keep on evolving at all times to become something much bigger than they ever before.
2567  Economy / Gambling discussion / Re: Cricket match prediction discussions on: October 01, 2022, 12:43:53 AM
It may be a non-issue for you, but not for me. Nowhere in the world, foreigners are allowed to constitute 100% of the playing XI in any other sport. 99% of the other sports have a requirement that only citizens can play for national teams and the remaining 1% allow 1 or 2 foreigners at the most. And in cricket a majority of the teams doesn't have a single citizen in the "national" teams.

And many of these players arrived on GCC nations on tourist visa (and not on job visa). They become eligible to play for these countries after 6 months of residence. The eligibility criteria in cricket is a joke.
Most of the peoples are having no idea what they are talking and what is issue because they never understand beauty of the game right now as things are going for GCC it is surely punishable because I am personally feeling these things never been allowed you to are not having any player from native country and team is participating in big events like Asia Cup, and then they can go into World Cup it is completely nonsense but here ICC is doing all hypocrisy just because of few personal likes and dislikes which are never been good for the game of cricket.

Here many countries with native players are going to suffer badly if they want to do these things then surely we need a policy player which are living in country for four or five years they should be allowed instead of which are coming on visit visa and enjoying and the after few months they are not having any chance agree about this ICC is doing good jokes with this game.
2568  Economy / Economics / Re: Business failure among small-scale entrepreneurs on: September 30, 2022, 08:35:59 AM
Perhaps of the many young entrepreneurs, only a few can really successfully run their businesses. They are the ones who can learn from anywhere to gain more knowledge and also often try trial and error in business so they can find the right formula for them. Each entrepreneur must have their own formula so that their business can run well and if they get a formula from someone else on how to run their business, they have to adapt it to their circumstances. It will be better because they can find what works for them and help them achieve success.
Yes, each one of us who venture to become a entrepreneurship, might not succeed in the long run. There are a lot of factors and sacrifice that we need to do and there is no formula that really fits everyone to be successful. So it will be a trial and error in the initial and this is where it going to make or break new and young businessman. Hopefully, they will adapt, and only handful can achieved success because it is very difficult if you don't have the expertise or no one is mentoring you. Going to be a struggle, but for those who succeed, it will be worth.
One of the hardest parts that I learned while trying to be one was the fact that it takes so much of your time that you wouldn't even understand. I mean working is always hard of course, there isn't any jobs that is easy and entertaining so much that you would want to do it for free, all jobs are hard and that is why people pay you for it.

But having your own company means that you are going to work harder than anyone else, you are not going to just work at office and come home and forget about it, you would have to actually end up with something on your mind at all times. So, basically you are working 24 hours, even in your dreams, it’s really hard to live like that.
2569  Economy / Gambling discussion / Re: ODI cricket and general cricketing discussion [self - mod] on: September 30, 2022, 01:53:52 AM
From ICC and the broadcaster's point of view, 70% of revenue loss is not so little and it comes from just 1 source.

We've discussed many times here and everyone is very critical on how unfair is to organize only 10-12 team WC, including the qualification process. But at the same time we have to be practical as well, after all, this money subsidizes cricket in smaller cricketing nations.
If the ICC want to limit the number of teams to 10 or 12, it is OK. But then there should be a fair qualification pathway. What happens now is that ODI ranking decides the 8 slots (where associate nations are not included), and the qualification tournament decides only the last two slots. In other sports, direct qualification is provided to only one team (hosts). Even giving direct entry to 2-3 teams is OK. But doing so for 80% of the participants is a sham. In FIFA World Cup, even teams like Brazil and Germany needs to play the qualifying tournament.
We are talking too much about this all but sadly no one caring about this because deep greedy pockets are having their own mindset, and they are doing which is suitable for them, I am also not in favour of this system because they need to be set this only host and defending champion can go through direct all others have to be done qualification pathway which is much better and bring some more entertainment but sadly who cares in ICC about this they are doing their own business with their own policies which are not suitable for this game.

FIFA is surely doing one of the best thing in their game just because of this they have enough success and strong system even many allegations are around them as well, but their system is still one of the best and giving good development to the game.
2570  Economy / Speculation / Re: All Eyes On Bitcoin’s Monthly Close on: September 30, 2022, 01:39:40 AM
Their is some people who analyze the future of bitcoin, and when looking at it you see that some people give fake analysis of Bitcoin
Except for mischief makers, I'm not sure most of those who give contrary analyses do so intensionally. We've to take into cognizance the fact that trading is highly a speculative profession and as such predictions can go either way from what it's expected to do.

On the topic at hand, I've not really taken out time to monitor monthly close of Bitcoin. Perhaps, it could be that I do more of trading than buying and hodling. Monthly candle close appeals more to investors than to traders.
It is obviously a speculative thing but when you have little knowledge about how it works and you share your ideas anyway, that means you are doing that purposefully and you want to be right but you know that there is a good chance that you could be wrong. Sharing your speculations comes with a responsibility and that mean people will read it and even if one person is convinced because of it, then you are taking the responsibility of that persons profits or losses.

I know that people could get away with it saying "I just shared my opinion" but it's still unethical if you have no idea how any of this works. If you are a veteran who knows what they are saying and still fail that's fine, it's the newbies who make up stuff from their gut feeling that is the problem.
2571  Bitcoin / Bitcoin Discussion / Re: Nuclear and gas fastest growing energy sources for Bitcoin mining: Data on: September 30, 2022, 12:53:03 AM
Actually surprised to see hydro only 15%, was pretty sure I'd read before several times it's actually the majority of energy source for miners (simply because of locations in Central Asia).

Suppose those could have been before the China exodus, but I thought they'd simply moved to other, cheaper places anyway where hydro made that possible... but I am reading now that I could have been mistaken that majority of Central Asia energy came from hydro.

As many also moved to the US, am waiting to see what comes out of this research.
That’s a shocker to me as well but considering what the general way is right now, that’s still not that bad. Hydro is a big renewable energy that people do not talk about, we are talking about something that is amazing but people are not realizing that hydro would be a great way to get out of the current situation and not every running water is getting that and we could build so much more dams and in fact there are some that is not efficient and could be improved and could be doing a lot better in the long run and get a lot more energy. This is why we should be focusing a lot more on hydro since it's already there and accepted by the whole world that it's good.
2572  Alternate cryptocurrencies / Altcoin Discussion / Re: Do Kwon on the run, Binance becomes the target of the LUNC community. on: September 29, 2022, 07:49:03 PM
Whatever is in mind of CZ, I guess there's something that he's cooking. But I don't think that it's not just all about his concern about those folks that have lost a lot of money on LUNC.
We all knew he also lose a lot on luna project. Their investment blow out of steam and relying on the project development is the only option here. But knowing that his business is an exchange platform who takes on fees, I guess his already breakeven or got some profits with it. I am thinking that he is already trying out to support Do Kwon a little to make the project go back to pace once again.
They just wanted to stay relevant and people who reach the top do not accept that it's now over that easily. He got scammed basically by whoever, and the project got crashed and that’s a horrible thing but he couldn't accept it, and kept it going and with both LUNA and LUNC at the same time, he tried to recover from the bottom he fell.

This of course didn't really come without cost, because this caused him to be a fugitive now due to all the troubles he has caused and that’s understandable, it’s not going to be that shocking. So, I would assume that the best thing he could do would be slowing down, and not chase that high again, won't happen.
2573  Alternate cryptocurrencies / Altcoin Discussion / Re: Which coin should I invest in other than bitcoin? on: September 29, 2022, 07:08:01 PM
In which coin should I invest money other than bitcoin? Because bitcoin has been the most profitable And what will be the future of the other coin, will it increase or not, then you guys can tell. Thanks in advance
Investing in Bitcoin is the most beneficial in all aspects but if you don't have proper financial support then you should invest in Altcoins. There are many altcoins currently in the market, some of which will be able to do well in the future. Ether and XRP are among those coins. I think investing in these two altcoins will be considered successful investments after Bitcoin.
That would require someone to have some sort of amount that would allow them to have bitcoin, and invest majority in bitcoin and then the remainder for the altcoins that they want to take risk. So, let’s assume you have 9k dollars worth of bitcoin and 2k dollars worth of altcoins, in that case even if that 2k becomes zero, then that 9k could become 11k eventually and make up for it.

I would say even half is doable because bitcoin doubling in price and reaching 40k is not impossible. So all in all, you should always have some bitcoin, probably the biggest piece of the pie, and then rest could go to risky stuff to make sure what you are doing is fine.
2574  Economy / Economics / Re: Inflation is a creeping beast on: September 29, 2022, 11:10:24 AM
Inflation is a necessity. Inflation is rising because the human population is expanding. Manufacturing new babies has no cost just like printing new paper money. The resources on the other hand are limited. Food, shelter, water, social activities, education, healthcare… Not everybody can access those services because there is not enough resources to provide them to everyone at an affordable price. The solution, like it always was, increasing the money supply and make it a little more expensive for everybody.

The other solution is reducing the human population to a healthy level but I don’t think it will happen any time soon.
The problem is that, while you want to print more money for the more people that is available due to population increase, there are troubles coming along with it.

First of all, that money doesn't go to pockets of each new person, it goes to mainly companies which leaves even less for regular people, meaning the regular people have the same amount of money, whereas companies have more, the ones you printed, and inflation happens so regular people who have the same amount of money now need to pay more but don't earn more. Secondly inflation happens higher than the growth rate, if a nation grows at 2%, but inflation is 10% then it is over inflated as well.
2575  Economy / Economics / Re: Paypal could be banned from blocking accounts for political reasons (UK) on: September 29, 2022, 10:19:10 AM
PayPal is an absolute joke, and they will often ban accounts for all sorts of reasons that are largely politically motivated. They operate in a way that is very similar to Coinbase. (I used to always call Coinbase the PayPal of crypto before they actually started selling /storing crypto).

My advice to everyone is to STOP using PayPal/Venmo. Start using more legitimate apps such as CashApp. They are much less politically motivated.
That is what happens if you give the rights of smaller scale payments to a centralized organization and have nearly no competition. Of course there are companies like paypal, but it is not as famous as them, and even though we are in crypto and right now we do not deal with paypal thankfully and do our transactions in crypto world, there are still millions of people who use it every day.

This gave them power to do whatever they want, ban whoever they want, chargeback whenever they want and leave open loopholes for abusers to take advantage of. If they had some competition, they would try to fix themselves and be better, but they didn't so they didn't see a reason to fix anything because you are forced to use them anyway.
2576  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: September 29, 2022, 06:36:43 AM
Not going to lie, Green still seems big fraud in test cricket. He might be useful in filling the gap of an all rounder but I still didn't see any impact, for some reason Aussie experts rate him very high and continuously back him.

In limited T-20 exposure, he showed extremely good temperament but he was supposed to be the next Jacques Kallis for Australia according to Aussie. Hope I'm wrong and he surpasses the great Kallis.
LOL... give the kid a bit more time. He is just 23 years old, and already he has performed at a level better than many of the oldies in the team. Now we can't compare a lot of players with Kallis. Jacques Kallis was an absolute legend and he was one of the reasons why South Africa very nearly became the no.1 team during the late 1990s and early 2000s (and the CSA killed the team later with their stupid quota policies).

So far Cam Green averages 36 with the bat and 32 with the ball in test format. As long as the batting average remains higher than the bowling average, he will be a good inclusion to the Australian team.
After watching his early two years look like he is going to be good player for Australia because having good natural talent and giving his best in all formats surely a good prospect for Australia having test cape at the age of 21 and now within just two years already play 14 test match mean Australian having high confident with this youngster which is going to be one of the best catalyst for the future.

Talking about South Africa, surely now useless because now damage has been already done, and they are facing big troubles in all formats with last night match against India was surely a nightmare because they were able to score just 106 which is surely big misery for them in these conditions and before world cup; for me now they have no chance for going at the top in next few years even right now they are the strong contender for going into final of WTC 2023.
2577  Alternate cryptocurrencies / Altcoin Discussion / Re: $CRAMER Coin on: September 29, 2022, 05:18:04 AM
Considering it’s current volume, i guess many are having fun to be part of this new pump and dump token and ready to take the risk despite of a possible rug pull.
It was all fun and games until this project starts to pull the rug but I think most of the people who invest on it are already aware about its risk and maybe some simply ride it because they know the people who created the coin and are supporting the idea behind the coin and they may not care whatever happens to their money.

Yeah, and this could be another meme coin in the market, Lol.

And for those who are interested, there is a thread by @bbc.reporter about Counter trading this guy: https://bitcointalk.org/index.php?topic=5410878.0.
Isn't it? I mean just look at its name and its description but thanks for the link, its useful for those who didn't know the origin of the coin. It gives them an overview if they will like to support this coin or not but for if you are a serious trader or a long term investor then I think meme coins like this should be avoided as they are very risky.
2578  Economy / Speculation / Re: Suppose Bitcoin Price start to rise in 6 week to $30,000 -will you buy or sell ? on: September 28, 2022, 09:39:46 PM
If only that's how easy things work here in crypto like you will know what will the price will be after a certain time then you can just prepare a money for buying and then sell that btc's for a guaranteed profit. You can just repeat this process until you build a good wealth. Unfortunately it's only just a dream. There is no easy money in this world but all must take a risk and see if they are lucky or not.

And it just so happen that the bear trend could last till next year. And then we will have the halving in 2024 and the bull run till 2025. By that time, perhaps the world has recovered from the effect of Covid already and the war that it will coincide with the next bull run that bitcoin and the rest of the crypto market will undergo. So it make sense not the sell even if it rises to $30k just because a whale pushes it. Might be good to buy at the current state of the market.
We don't know if the bear's can last till next year but a lot are saying that good recoveries will came starting from next month and onwards but halving is sure to happen in 2024. There might be a positive effect after that but I don't think it can last a long time. @Bobk71 is right. It will only depend on the people's preference if they are in for short or for long term.
2579  Economy / Trading Discussion / Re: WHAT DID YOU STUDY? WHAT DID YOU LEARN? on: September 28, 2022, 09:14:40 PM
What about those professional traders? You can't just disregard them or their skills. They have a high success rate in trading. Those who fail woefully could mean that they need to practice a lot. The results in our crypto trade will depend on what we study but do you think it's easy on why would someone perfect it? Even studying in a real school is hard but it takes dedication and as you can see there are still many drop outs.

What teaches us in trading is on how to work under pressure and on how to have a self control. What we learn here in crypto trading can also be applied in real life and you will notice that all seems easy. That is because trading is hard and we are used to that already.
Unfortunately trading is such a risky thing that we are talking about something that could make you richer, like from 100 dollars to 10 million dollars, but we are also talking about the reverse as well where your 10 million dollars could become 100 dollars. Even the professional traders could end up with a loss in the long run, there are periods where they are in the negative as well.

Warren Buffet is the greatest investor in the world and he had years where he lost a lot of money, even as close to as 50% it could get. So we should not be expecting everyone to find a way to make money every single time because even the professional ones can't do it.
2580  Bitcoin / Bitcoin Discussion / Re: Mining Bitcoin on: September 28, 2022, 08:41:12 PM
At this time when prices are low then mining would not be that much profitable to the extent I know as you would need mining setup and above it electricity cost running 24/7and depending on what charges you will incur for it but if you are interested in it you can try it and joining any mining pool.In the long run when prices will rise your profits will also go the way up and covering your expenses as well.
Mining is not profitable at anytime, price be low or high. There are a lot of primary investments to start a mining infrastructure and being an Indie miner is a waste of time and money. So if you are not into the get a plot- build a farm- start the Asics type person then you will never be able to ROI the investment.

Besides miners will always be at hashwars, the cunning one either changes their type of investment to buying Bitcoin or sells the Asics to get hard cash at hand.
That is a great understanding of how mining is working and people who are working towards making money from the small investments that they are making, they should realize that they are not going to make money much. I understand that there is a good chance that you could have made the money back with some GPU investments on ETH mining back in the day but since merger that's not going to be that easy neither.

This is why I agree that there isn't really anything major about bitcoin mining right now for anyone who would invest under 100k. If you want to be a profitable bitcoin miner, you need to have a factory size place and at least 100+ asic miners to make it profitable.
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