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2681  Economy / Economics / Re: State Of Corruption In Nigeria Amidst World Corruption on: August 29, 2022, 05:59:30 PM
From the picture you have included, it is sufficient to illustrate how corruption really hinders development there, how for decades there has been no change in infrastructure.
Corruption will be difficult to eradicate even if a country starts to create anti-corruption institutions but habits and mindsets about corruption are difficult to change, even though corrupt officials can be arrested but if the system that has been running for decades is not changed corruption will still be considered normal because the system makes officials still have opportunities for corruption and their minds teach that corruption is normal, this is occuring in poor and developing countries.
It's obvious that corruption is everywhere in the world, maybe more than others in other nations, but think about USA and how the corruption works. We all know they have politicians that "legally" gets bribes, it is called donations and companies pay millions of dollars to senators every year just as "donations" but in reality those are bribes, that name change doesn't mean anything.

Then we have black people jailed way more than any other race, then we have "secret" government police keep on attacking those black people as well, and we have rich friends of senators getting tax breaks and I can name a million other things. All in the USA, let alone smaller nations, which has a lot more corruption.
2682  Economy / Economics / Re: Have you felt the impact of inflation so far? on: August 29, 2022, 04:20:30 PM
Those who say they dont feel the impact of inflation are living with their parents and the last time they were in shops was with moms. I am used to my utility bills being always higher compared to similar month previous year. Gas, electricity, water and etc are always getting more expensive. But food prices makes me feel depressed. Little comparison - previously I could go out of the shop with two full bags of food for 50 euro, now I get only one bag for same amount. I was amazed how taxi ride cost now. I used to pay 7-10 euro for work-home ride (that is about 10km). On Friday I have paid 31 euro.
I have to say even though I felt the hurt of inflation, I did not felt it as much as the very low income people of my nation. Why? Because I make my income with dollars, so my salary is in dollars, whereas they have a salary in our fiat, and they were already making less than me, and with our inflation being like a million times worse than USA, the rate between our fiat vs dollar went up too.

Hence, I make more than most people in my nation, it is a decent wage, like a very good job, not business or company level, just like someone with a good salary so it is not insane. But people who make the minimum wage? Those people are living in poverty right now, barely find food to eat, it is really terrible, there are more and more people dying of starvation right now and in 2022 starvation shouldn't be a problem if you ask me.
2683  Alternate cryptocurrencies / Altcoin Discussion / Re: Still into high APY projects? on: August 29, 2022, 01:48:30 PM
they are very lively at first but the high APY also means high risk. I think when DeFi got popular high APY we've seen a lot and they just end up disappearing without a word. It's a scary thing, I think the average ends up like that, but if they can be sustainable they're great.
The risk is too high. High apy means so many tokens will be generated in hourly even minutes basis. So, this will give impact to the price of token. You can take so many high APY tokens in the market about how it was growing down so fast after people are starting to get what they have been staking with non sense apy like that. Im sure that if anyone also aware about that too. SAFUU has become a scam token.
High APY doesn't always means there are a lot of tokens generated, it also means that you could have very low amount of investors. So even if you are changing like just 1000 dollars worth of investment but there is only a single person, then all that 1000 will go to one person, whereas if there are 1000 of them, then each will get one dollar.

This is just an example which is why I believe that we should be making sure that it is not just high APY that is due to high return which will make it high inflation, it should be high APY due to being new and lacking enough investors. That would be a much better situation to be in and give you a better return for a short period of time.
2684  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: August 28, 2022, 08:25:52 PM
Pakistan VS India
A lot of forum members thought that this is a game that Pakistan would easily win. To all of them you were wrong and you will always remain wrong as you are a groupe of individuals who believe in dream.

As usual the match was close enough as expected. I would think Virat Kohli survived his first reat but for players like Surya Kumar this might be the end of his career. Arshdeep Singh was good as Bhuvneshwar Kumar. I think these two team might play again in the Aisia cup, if Pakistan doesn't play the way they did today. In my understanding they were too overconfident.
I am not agreed with you this statement because as we have news about Shaheen Afridi there were clearly things were change into Indian favor and mostly peoples were feeling India will manage to win this match by one-sided and as Pakistan end their batting target was only 148 I was also connivance about this but Naseem Shah and Mohammad Nawaz done good bowling and give tough challenge to Indian top order which still done better, and they were able to win this match in 20th over a good and interesting end of this first match between these two teams after historic Pakistan 10 wicket win against India in T20 World Cup.

Virat still needs to do for staying in and have chance for selected into World Cup squad because he is still having not enough confidence and were not good against debutant bowler Arshdeep and Bhuvneshwar Kumar both done amazing job for India and restrict Pakistan under 150 which is the biggest achievement for them and Pandya is surely hero for this win with his new-look all-rounder performance.
2685  Bitcoin / Bitcoin Discussion / Re: Having losses? Or people are not going the right way on: August 28, 2022, 07:29:09 PM
Some time loss opportunity with coin have already sold price suddenly pump few days later but ever we hold some altcoin for long time but keep going dump. I think the problem with cryptocurrency as investing way depending when first time correct altcoin, what ever investing method with long or short term but when making correct investing I think keep profitable. I have the same experience with you because ever make cut loss on Doge coin still price under $0.06 before few weeks later Doge coin touch all time high price. I lost about $5,000 and I think keep holding Dogecoin and not panic for cut loss I will reach much profit above $120,000.
I have to say that doge is an exception when we are talking about projects. I mean that is a "meme" coin, which means that it goes up and down based on the hype it has. If it has a lot of hype then it will go up, and if it has low hype then it will go down.

This isn't some project where you have to go up based on fundamentals or chart, it is not like bitcoin or ethereum. Elon could tweet about it and make it big again, that is not a serious investment, that is a fun one that you joke around with and if you put your money into something that was made out as a joke, then you are making a big mistake. That is my understanding at least, I wouldn't really consider it a good thing.
2686  Bitcoin / Bitcoin Discussion / Re: Bitcoin versus Banks on: August 28, 2022, 02:45:48 PM
If you take a look at how banks work, it is clearly showing that they rely on one centralized entity which for sure it's a centralized database where all the information.
But Bitcoin, it's decentralized, no centralized entity that can become only one source of truth.

What are your thoughts about this?
Decentralization is one of the most misunderstood things in the crypto world. Like I remember very clearly when Elon talked about crypto and increased the price or decreased the price, people kept on saying "bitcoin is not centralized, one person can control it as you can see" and people never truly understood that the price is not what we are talking about when we say decentralization.

To make it short, if no government can print more bitcoin whenever they want to, then it is a fair currency. Sure, people may lose money in bitcoin and can even be in poverty so it is ruthless and fully liberal, but it doesn't give anyone extra unfair advantage neither and that is the point.
2687  Alternate cryptocurrencies / Altcoin Discussion / Re: Bull Run and Bear Market on: August 27, 2022, 02:35:54 PM
This is difficult to say because anyone wants to know about the bearish ends and the bull comes then we cannot predict it.

When the bearish period is still ongoing, take advantage of the opportunity to buy because this is an opportunity with a discount price I am sure that one day after the bearisj ends we are ready to sell it.

Bullish is like difficult to predict but sure that one day we can feel again, but with the upcoming bullrun later we are ready to take good profits when coming.

I think this is a good time to hold.
We can't just say that the bear is ending and bull is taking its place when the price starts to rise. We have experienced it many times last time, only to find out the price will fall down again later on. It's not a good basis to tell but sometimes it is better to say that the bull run is coming when the price have dumped hard for another time, because it can likely take off eventually. I've seen a scenario like that before.

I think that happens because many buyers are waiting for that moment and they will only release their real funds for buying once they saw that real bottom. Anyway, why can't we just we cherish every cycle and do proper actions accordingly? Instead of stressing ourselves identify their start and end dates.
2688  Bitcoin / Bitcoin Discussion / Re: Poll: In your opinion is this the end for Bitcoin/Cryptocurrency? on: August 27, 2022, 02:14:09 PM
The question is, due to any of these issues, or a combination of them, are we finally going to see the end of Bitcoin and
Cryptocurrency or is it still a safe haven?
The amazing thing is, we are all saying "no" and that is a wonderful thing, having this much trust into something and that is a great deal. If just one person said yes or unsure so far, then I would have said that at least there are some people with uncertain thoughts about it but we have reached 25+ without a single unsure or yes, and that is the great thing.

Let's see when it will get better, we have been down for a while and unfortunately that is a sad thing, but aside from that I feel like there is a good case to be made about what is going on. Cryptocurrencies especially bitcoin have faced many difficult times and current situation must be just another one; we can expect a new ATH by end of 2024, get ready for that by making use of currently available dips and future dips if happen.
2689  Economy / Gambling / Re: 🏆 The Best BSC BNB Casinos | Gamble with your shitcoin profits 💩 on: August 27, 2022, 01:54:56 PM
Awful one page site with referral links. As usual. The only difference that this time the OP decided to choose BNB casinos. I didn`t analyzed it but i think that there is no problem to find a casino with BNB payments. And even without BNB there are different "shitcoin" cryptocurrencies the gambler can use. Without hidden referral links.
Thought I am going to see a review site but it looks very empty in there. You are right, their main purpose is only to get referrals but I like how creative they are. They use shitcoins as their subject. This might be helpful for those who still has a shitcoin on them and looking for a good way on how to get rid of it. I don't have a shitcoin and I am not planning to have one because I know how risky they are but I do have a bnb.

Nowadays it isn't really hard to find a casino which supports bnb and I noticed the casinos that I am playing with are adding this coin lately along with those new meme coins but that's fine since they can be a good alternative to gamble with rather than the usual btc and eth.
2690  Bitcoin / Bitcoin Discussion / Re: Having losses? Or people are not going the right way on: August 27, 2022, 01:31:14 PM
I'd never found it wrong investing in altcoins but what went wrong is investing shitcoins which are already flooded in the market. And if investors don't have the time to make research and just simply follow what these social media is promoting, I'm not in doubt that someone like the person mentioned by OP will fall into scam projects. And I'm not going to wonder why it is happening, I'd see this thing very common, especially if we are too careless and have no market experience as we jump without even doing any simple research.
Shitcoins are often mistaken as an altcoin because they are on one category but a good research will let you eliminate them. For those who are experts I think they can invest in shitcoins and incur only minimal losses because they already know how they work but for a newbie, that isn't advisable. They better stick on the safe coins first.

It's not that people have gone in the wrong way because even us who have experienced already and will prefer top coins the most, can still be able to lose. Loses are just normal and part of this crypto game but those who lose because they choose the wrong way, can always correct their path. It's not too late yet.
2691  Economy / Economics / Re: Global famine on: August 27, 2022, 11:08:42 AM
Maybe it wasn't critical as food shortage because as you said the world is made up of mostly water and the ones that has a water problem are away from the bodies of water but no worries because they receiving a help from different countries. Often times we will see celebrities going on those dry places and they are building up a water system.
Unfortunately, that’s not the case, as we all know Africa is a huge continent all surrounded with water, and even places near the water is having trouble for 2 main reasons. One of them is the fact that water is not clean, meaning it could make you sick if you drink it and that means there would be a lot of people dying because they drank water that was bad for your health.

Second reason is that even though there are water sources near them, they can't really walk that much and come back every day, meaning there needs to be infrastructure, I mean not everywhere in EU has water too, but they have pipes bringing water to them, so Africa needs that too. This is just a common thing people don't know about.
That type of building pipelines everywhere and then keeping that pipeline clean and maintained would be a very difficult thing. I am not saying that it is impossible because most of the developed world constantly has that and there isn't a situation that should be wondered "how", they just spend a quite good amount of money for that infrastructure.

But that doesn't mean that we shouldn't really expect Africans to have the same type of deal. Doesn't mean that we will have that type of thing would cost a lot for poor nations, it is not just about building, like let's say billionaires end up paying for all the pipes, that still wouldn't be kept clean and eventually be bad after a while.
2692  Economy / Economics / Re: How Flexible Are You With Pricing Options? on: August 26, 2022, 09:48:34 PM
negotiation skills are very necessary to be successful in transactions like this .. but we know that not everyone can be successful in negotiating,,, and realizing this we need to know the general market price and bid slightly lower than the target price that we have set , if we can't negotiate we can ask a third party and give it fees for the transaction.. the point is to understand the seller, don't bid too low and let the expert complete the transaction if you can't
To have a successful negotiation one must be well informed about the item and the pricing of the competitor.  So this needs a lot of research and study.  Those who met the requirement can be successful in negotiating.  Btw, when it discounts, I can negotiate until 15% increment of the capital price as long as the order is in bulk.  So I will have a price bracketing wherein the more items they buy the greater discount they can get.
I have to say negotiation can be done with "some" things, not everything. Like you do not go to facebook and say "I want to pay you 200 dollars but get 1000 dollar ads", if they have a promo like that then they do, if there is a discount code then there is one, but YOU can't "talk" and convince anyone. Or if you go to themeforest and there is a price, you do not "talk" with anyone and negotiate.

There are many things like that on amazon, you either buy or don't there is no negotiations. So, what we are seeing here is that negotiation type of business could make the business owners lose money when in fact if they just pricing very well, they will get the customer one way or another.
2693  Economy / Economics / Re: More Americans Than Ever Can’t Afford to Pay Their Electric Bill on: August 26, 2022, 09:18:04 PM
Is it possible that rising electricity costs could fuel a trend towards mass adoption of renewable energy for residential use? As people seek alternatives due to grid energy being priced outside their budget? Is there a silver lining and positive note to this doom and gloom?
Correct - this is because the U.S. is limiting their oil/gas production and outsourcing their energy needs. Germany is facing a similar problem having relied on Russia to expand renewables instead of developing their own infrastructure. Difference being, the U.S.'s demise is self inflicted but nto

There is no silver lining. The U.S. is spending trillions on green climate change initiatives that are going to have no sizeable effect on global temperatures. Meanwhile, the price of energy, food, housing, will continue to rise with the solution being "go buy an electric car."

Doesn't sound too reasonable for the government to burn money on climate change and then except the citizens to foot the bill for their radical ideology and utopian dream.
There "is" a silver lining because USA is not spending trillions on renewable, that is a wrong number and I do not know why you wanted to say that. Right now Solar is getting 3% of what oil/gas is getting, literally subs and not just tax breaks as well.

So, we are talking about a situation where oil is still seen as the most important thing and government is helping those companies. You know how much solar panel is needed to light entire USA up? Just one quarter of Utah (number was given by Elon, but this stat seems a lot more fun) so all in all, there isn't enough investment to USA because if we ever did then we would have it already by this time, there wouldn't be any problems like this.
2694  Economy / Gambling discussion / Re: ODI cricket and general cricketing discussion [self - mod] on: August 26, 2022, 06:29:03 PM
Back in late 1990s, Zimbabwe managed to upset top teams, despite not having access to a lot of funds. And now despite having access to funds they are struggling to defeat teams such as Ireland and Nepal. Fund inflow from the ICC have meant that now they have 5 first class teams instead of the two they were having in 1990s. But the quality has gone down. The standard of play is not the same as they had before. I am not witnessing any light at the end of the tunnel. The cycle of good players emigrating out of Zimbabwe will continue for some more time.
After having a lot of funds from ICC now Zimbabwe officials are enjoying and have no good interest in development of cricket because they have not good setup and political influence is also having good impact on this board as well, so we can't expect positive development in this current situation they need few professional peoples for running this all then we can expect some better results.

But sadly no one is interested in this, and they are also losing charm from youths just because of political corruption right now they have no enough sponsors as well which can help them for better structure as well because all know they will lose their funds in corruption and nothing positive will happen now it's all going to be a big question in near future.
2695  Bitcoin / Bitcoin Discussion / Re: Bitcoins are Not Real — Or how People Blindly Believe Nakamoto's Nonsense on: August 26, 2022, 04:58:22 PM
There's no person on Earth that saw anything else in their wallet but numbers. The whole system, on the other hand, just stores data from which those numbers are calculated. So factually, there are no electronic coins called bitcoins. There's nothing in the ownership of number holders that would be counted with that numers.

So, why are you lying? What are you trying to achieve?
Why does it have to be a lie if it is only in digital numbers? Does that mean all the digital numbers I see on my bank account is a fake? You may think that "You can withdraw it at least" but can Elon Musk really withdraw billions? Of course not. This is why I believe that we shouldn't really be focusing on what you can hold in your hands.

There are many things that you can't "see" and real, like virus we just had for the past 3 years, you can't see it, you need to use a machine to see it, and yet we know it's real. Or you can have feelings, anger is real, but can't be held in your hand, and it's still real. Do not put emphasis on the material, keep a feeling towards the things that are in our minds as well, they have value.
2696  Economy / Speculation / Re: I've been confused in BTC on: August 26, 2022, 01:43:42 PM
I am very disappointed with the state of Bitcoin in the current market. Because last week its price was 24000 dollars but now it shows 21 thousand dollars. I want to know from you, is the price of Bitcoin likely to fall further?
Why are you disappointed when bitcoin prices drop? I think it's a good thing because you will be able to collect bitcoin at a substantial discount when bitcoin prices drop. When the price of bitcoin increases but you don't have bitcoin in hand, how can you be happy so now take advantage of buying more bitcoin for yourself? Bitcoin decreases or increases that is the cycle of bitcoin, the stronger the decrease, the stronger it increases, so you don't need to worry too much about bitcoin but worry about your pocket.
Not many people understand why it is a good thing, that is why they are always wondering what's wrong and so forth. Just make sure that you know the real deal and do not worry about people making these type of mistakes. They are worried when bitcoin price goes down but the reality is that the price going down is a good thing, you know this and I know this and that's why we are happy when it goes down.

I hope to god that it will stay like this or even go down a lot more before the month ends, so that I could buy a lot more when the time comes, this doesn't mean that we would be making right away, but it would give us a chance to make more money later on.
2697  Economy / Economics / Re: How Flexible Are You With Pricing Options? on: August 26, 2022, 10:54:03 AM
One strategy is giving discounts, overpricing the product and announce to the whole world that they are having a 50% discount.  Pricing tactics is like a game of chess, of course seller always put a huge margin so that when it comes to pricing discount negotiation, they can still give the requested discount of the customer while not affected by the said discount.
Another thing is package selling in a "discounted price".  This way they can sell non-saleable items together with the hot item.  This strategy is known to clean up the locker of unsaleable or unpopular items.
So a good selling strategy is to make it look like that they are giving in to the demand of the buyer but they actually are not affected by the decrease in price of the item.
I mean there is also the great idea to have a huge price option and then a smaller realistic one, that will make people buy it a lot better. For example you could have a "small package" and then "medium package" and then "big package" type of options, then price them 9.99, 19.99, and 99.99.

If you do that then 19.99 will look like a steal and people will buy that a lot, even if they didn't wanted to buy, if it looks like it is a steal then it will get into their minds and they could buy it. However, if you did it 9.99 and 69.99 and 99.99 then it wouldn't look like a steal for medium and maybe small would go, and yet if you do 49.99, 59.99 and 69.99 so close to each other then it would mean nothing at all.
2698  Economy / Economics / Re: Education on: August 26, 2022, 08:35:21 AM
Education gives the base, and it is upto us how we carry it forward. We don't have much of opportunities to survive which is true, but it is our inefficiency to complaint. It is our responsibility to do the best and make a change. When we have a proper goal and we run for it, surely we can succeed. Most of the time we limit ourselves and never think of long run, we just find ways to fulfill the present time need. This is the reason why people get educated and land in different job profiles that don't match them.
Base or stepping stone to success. Some are educated but they didn't utilize it well. After they graduate from college, they end up jobless. We do actually have lots of opportunity to survive but sometimes it's only our mind that limits us. We don't have a right to complain and blame someone just because we are in a bad situation but instead of wasting time complaining why can't we just start moving?

Fulfilling the present time is not bad but it's always said that the present time is more important than the future. You have the right to choose if which job will suit you so why will you continue on that job that you don't like or is not the same as your course?
2699  Economy / Speculation / Re: Countertrading Jim Cramer on Bitcoin on: August 26, 2022, 07:26:53 AM
Yes however it seems that there are many who follow his predictions and end up losing money. I remember back in 2008 he went on some talk show and got roasted because he kept telling people to buy Lehman Brothers right before it went bankrupt.

If the show was comical then he wouldn’t of made any predictions at all. He would just roast different companies and leave out any buy or sell recommendation. A new trader probably he watch his show and think he is some wizard and end up copying his trades.
There is no perfect predicter though, that is why even him who already have an experience on the financial field, still come up with wrong predictions sometimes and maybe those who have betted on his choice last time are just unlucky but those who remain as his followers know that those things are only normal. Not all times we will only win but there must be a time for us to lose.

For a new trader yes that will probably happen because they don't have enough experiences yet and they are still doubting about their abilities so for them, it might be a good idea to depend on some known experts first in hopes of earning money immediately.
2700  Bitcoin / Bitcoin Discussion / Re: Bitcoin as my new payment method on: August 25, 2022, 09:14:06 PM
If I adopt bitcoin as a means of payment then I must clearly inform them that I will charge an additional fee as tax for every item I sell/for every transaction that occurs. This is a crypto transaction tax which is already regulated in the regulation of my country's minister of finance. So everytime I want to convert bitcoin, then I have to pay tax for it. But I haven't seen any good potential about the legality of bitcoin as a legal tender in my country, so that's my assumption when the regulations change.

Nevertheless, there is always hope for the future about the increased adoption and legality of bitcoin as a legal tender in various countries. I know we need time, it's not going to happen anytime soon but there's always a good chance of it.
There are people who live in places where they have to pay taxes on certain times because that's when the taxes happen. Which means let's say you bought 10k dollars worth of bitcoin and it goes to 100k? Well, you pay 20% tax let's assume, which is 20k, but if you keep your bitcoin and it goes under 20k that means you literally made a loss AND paid taxes at the same time.

This means you shouldn't really be worried about just paying when you sell, that's even good. Taxing situation should be quite low, like stocks, or even forex, those are like 1/1000 taxes in my nation and that should be how it is, otherwise it is really hurting the crypto world when you pay too much taxes.
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