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2701  Economy / Trading Discussion / Re: What do you think October will be for alts? on: October 30, 2021, 01:20:09 PM
It's hard to say what to do next regarding about the recent Bitcoin pump, because not all of the Altcoins followed, most of it stayed in the bearish market. However, of course we still not sure about what's gonna happen next, so it is very important to invest only to the Altcoins you think your money is in the safe place, for example are those big coins like ETH, BNB, ADA, etc.

Also it would help if you always have time to monitor the market movements to avoid missing the opportunity of making profits.
2702  Economy / Gambling discussion / Re: Dice against plako or slot on: October 30, 2021, 12:16:56 PM
Never heard about this game "Plako". I've already searched it and the only thing that popped up was the game like a room with like chessboard tiles and a person, more like a mind game. So, my opinion would be go for slot, it's easier to play and very simple. Slot is good for beginners, especially if they don't want to roast their braincells just to win profits.
2703  Economy / Trading Discussion / Re: Trading with leverage on: October 29, 2021, 03:51:22 PM
Trading with leverage is profitable when your capital is big, because if your capital is just $10, you're wasting time and your TA. I mean if you successfully made a profit through your TA using your $10 with only 20x leverage on futures, you'll only get a little, such a waste of opportunity in my opinion unless you are a very patient perseverance person, then go for it.

But if you've got a pretty good capital in Trading, using 5x-10x leverage while betting 30-40% of it is good by putting the right stop loss and take profit with your TA.
2704  Economy / Trading Discussion / Re: Do You Use Technical Analysis? on: October 29, 2021, 03:13:47 PM
Bitcoin is always volatile in my opinion, and even with the lowest volatile cryptocurrency, losing a trade can't be avoided because of the leverage you'll put or you didn't put stop loss. Now, technical analysis plays a huge role in Trading, it increases your chances of making profits every trade you make (of course if you've done the right TA). When it comes to strategies, indicators is needed to confirm the right time to buy and sell a trade.

Traders use their own indicators in where they are comfortable to use that makes their technical analysis easy and profitable. So you'll choose your own indicators, it's about trial and error.
2705  Economy / Gambling discussion / Re: Fiat-betting to crypto+betting on: October 29, 2021, 02:01:49 PM
To be honest online betting will still be more profitable using fiat because of the low transaction fees, but using fiat comes with risks where it is difficult for me to remain anonymous. So for that reason, I will continue to use crypto to gamble online and the two are not much different because the most important thing is that gambling is an entertaining game and can provide benefits if we are lucky.

They have their own disadvantages.

If you'll use fiat in online betting, it might have smaller fee but the profits in the long run is so smaller than when you have cryptocurrency, also the anonymity part. In cryptocurrency, with the large fee compare to fiat, however profits is huge in the long run (if you always win), the ugly part however is you could also lose a huge amount of money in the long run because of its volatility.

Online betting using cryptocurrency is much better for me because of its privacy and the long term effect. It's a high risk high reward kind of scenario.
2706  Economy / Gambling discussion / Re: Issue of fixed Matches on: October 29, 2021, 12:41:40 PM
<...>
One of the most common reason on why people do still fall for this kind of scam or illusion that you do say is that they do tend to believe
that easy bets do exist or some sort of exploit or leakage which do actually exist but scammers or fraudsters do make use it as for them to be able to scam people but if you do just realize on how things works then you could really avoid and just simply stick with your own decisions and jurisdictions on things and not relying with these lies.

yes, scammers are also usually good at persuasion and use mental triggers to make you act without thinking
urgency and scarcity are commons ones
it's interesting because if you study marketing and behavior you learn a lot about social engineering too

This could possibly happen, it's a 50:50 as well, it could be either a lie or a truth, but yes, I definitely agree that you must stick on your jurisdiction about on a certain match because a great research is much better than an information about the match is fixed. This situation is very tricky though, since you'll have second thoughts on what you're gonna do in order to win.
2707  Economy / Gambling discussion / Re: gambling addiction is getting real on: October 29, 2021, 11:31:20 AM
lost 20k in 2 days , used up all my profits from my portfolio , and i just wanted to keep on going . how you guys stop yourself from betting/gambling on casino ?

looking for ways to bet on sportsbook but not on casino , but stake does not provide the option for that .  Undecided
No one force you to use $20k to gamble. I wonder why you use all of your profits from your portfolio to gamble as you already make a profit. You should use that profit for yourself and not use it for gambling.

Right now, I can stop myself from gambling anytime I want as I am always trying to control myself not involved too deeper in gambling. I already got a bad experience, so I do not want to repeat the same mistake. If you realize that gambling makes you lose money and want to quit gambling forever, you must try to control yourself and not visit online gambling or offline gambling. No matter if that is hard for you, you must keep trying. That is the only thing you can do to stop gambling.

That's exactly what he said, no one force him to gamble all of his money, and victim blaming won't even help him.

Lucky you if you could control your urge to play gambling, but that doesn't give you any rights to blame him because of what he did. What seems to be his problem is out of his control, that's what he is trying to point out and he needs help. Rehabilitation is one of the best treatment anyone could have if they have any kind of addiction, that's more effective and fastest way to heal yourself from any addiction.
2708  Economy / Economics / Re: The Economic Gap has Exceeded the Tolerance Limit on: October 28, 2021, 06:04:04 AM
Do you think it's fair? If only the 22 richest individuals in the world had more money than the 3.8 billion people who are currently in business? Well about 22 people have more money saved abroad than the total population of China, United States and India combined?

Let's take a look at Elon Musk, Jeff Bejoz, Bernard Arnold and Family, Bill gates etc. Their income within 1 or 2 weeks is equivalent to the income needed by the United Nations Organization to provide humanitarian aid in Yemen, Ethiopia, South Sudan etc, all of which are experiencing a hunger crisis. with 0.00000005% of their wealth, it will provide a decent life for 1 family who can eat 3 times a day for the next 100 years.

Do you think this kind of reality is fair? As it should be, economic disparities can actually be resolved, because look at the economic disparities in the world which have greatly exceeded the tolerance limit.
What can we as democratic citizens do to demand global governments stop giving excessive tax breaks to multinational corporations from the world's richest people? Or can we just watch this reality from day to day? When we don't have any influence reviewing the chest is something I often do.
Look at them just laughing:
Quote
"There's a class war, alright, but it's my class, the rich class, that makes war, and we won." – Warren Buffett.

Share your thoughts here  Smiley


Reading sources and things I use as a reference for reading and drawing conclusions (I use a translation because it's not my native language):
https://longreads.tni.org/paying-for-just-transition##_proposals
https://sdgs.un.org/goals
https://www.forbes.com/real-time-billionaires/#57b829293d78
https://longreads.tni.org/paying-for-just-transition#_edn30
https://www.oxfam.org/en/5-shocking-facts-about-extreme-global-inequality-and-how-even-it


Note: If there's a referral source I'm missing, please let me know.


The truth is, life is never fair. It never was. It never will be. And we just have to accept and get used to that kind of reality.

The multi-billionaires made their way to the top because they have the skills, strategies, and resources that could help them. Despite having the rags-to-riches story, most of them acquire their wealth by using capitalistic mindset. Whenever these people have the opportunity, they make sure to grab into it no matter how it will be viewed from other people's perspective.

It really is unfair knowing that there are these people who are billionaires while other people are suffering on the other parts of the world. They hoard wealth they can't even spend in their lifetime, while others can barely survive each day. However, we can do nothing about it since it is their lives and wealth after all. We cannot dictate them to feed the poor and end the hunger when they don't want to. We have different values, beliefs, and principles. Not everyone has the same empathy, compassion, and consideration that we have  As much as bad as it may seem, they do continuosly generate wealth not just only for themselves but for their future bloodline as well. Inheritance is what's usually passed down that continues the legacy of the ancestors.

Also, it is the government's duty to bring opportunities to the poor so that they could stand on their own. It is their job to eradicate poverty as much as they can. They are being paid by the citizen's taxes to make the country a better place to live in. However, instead of doing their very own job, some government officials tend to prioritize their personal agendas over what the public needs. Hence we cant really blame the rich totally because the problem lies also to the government. Both plays a role.
2709  Economy / Economics / Re: Are banks needed for crypto? on: October 28, 2021, 05:33:33 AM
Just started to learn about DeFi, and a question arose.

Fiats have a loan mechanism. Manufacturers use it to improve their production.

Is there something similar in crypto? How does it work then? And are such services in demand? Do manufacturers take loans in crypto?

Isn't that killing DeFi idea? Is there a future for loan mechanism in crypto?

Thanks everyone in advance for the answers.

There is a thing such as crypto loan but it isn't widely used I think because it is much more complex than loans made in fiat. You see, cryptocurrencies' natural state is volatile, meaning the prices vary depending on what season we currently are, the time for today, and of course the external factors such as news, legality and the likes. When you plan to make a loan in crypto, you should know the basics and the terms of services so that you won't be shocked later on.

In crypto, when you want to loan, there is a collateral same with loans in fiat. Only that, collaterals in crypto is crypto as well and not properties unlike in fiat. You can only borrow if you are a verified user and if you are qualified to borrow. So in this instance, it isn't for those people who are not fond of KYC. The calculation of interest whenever you loan (in Binance for example) is hourly. Any amount of coin that you borrow will have its interest per hour. When you borrow it for less than an hour, the interest is still counted as an hour.

The collateral damage in crypto loans work the same way in fiat. If you will not be able to pay to the supposed date of repayment, they will liquidate your funds. Just like how the banks get your properties the moment you fail to pay on the agreed date of loan payment.

As of now, I don't think crypto loan will be a big thing or will happen soon because like what i have said, it is complex. Given the price fluctuations of crypto, the chances are 50/50 of benefiting and not. Although there are platforms that are doing it now, I don't think it will be patronized as much because it is riskier compared to trading or investing.
2710  Economy / Gambling discussion / Re: [BOXING] Logan Paul vs Mike Tyson on: October 28, 2021, 05:01:37 AM
Another good exhibition match that is worth watching, our Mike Tyson is fighting a young Logan Paul who has not won a single fight in an exhibition match. This should be exciting as Miky Tyson although oldies already but still aggressive, so the question is, are we going to see a knockout? Choose a boxing in the poll you believe would win.

Here's the news.
Quote
Mike Tyson will reportedly meet Logan Paul in the ring next February in his second exhibition bout since returning to boxing.

Tyson took out fellow legend Roy Jones Jr last November and has been linked with clashes with old rivals Evander Holyfield and Lennox Lewis.

But it looks like YouTube star Paul, who took on Floyd Mayweather in a similar fight this summer, will be the man in the opposite corner.

The fight was reported by Daniel Keem, better known by his social media alias Keemstar, who hosts popular news show DramaAlert.

"Logan Paul vs Mike Tyson, Feb 2022, sources tell DramaAlert," he tweeted.

https://www.mirror.co.uk/sport/boxing/mike-tyson-to-fight-logan-25282179

Another exhibition match with youtuber Logan Paul.

I'm not really into exhibition matches because I don't really see the essence of having such game just for the sake of making money. But other people might love it, and I don't judge them for it. An exhibition match is more likely a fan-base match because most people are just watching because of their idols and not really after the thrill of the boxing itself. Although it plays a part too, but I think it's very little since most exhibition matches were usually professional vs. an amateur or a wannabee boxer.

It was said that Tyson was thrilled to fight against any of the Paul brothers and he knew that they are willing to put up a fight against for money, just like what happened during Logan's fight with Mayweather. Logan became instant famous because of that, because imaging a youtuber that has little record on boxing fighting with a title holder.

The fight is expected to commence early quarter of 2022, particularly on the month of February but both parties haven't confirmed it yet. Hopefully they'll give a match worth watching for. Surely, Tyson will exhibit his skills in boxing. Wishing Logan will do the same to make it entertaining and at least thrilling to watch.
2711  Economy / Gambling discussion / Re: Genting Casinos awarded for their safer betting standards on: October 28, 2021, 04:30:30 AM
Apparently, Genting Casinos are awarded gamcare safer gambling standards for the second time in row. They are a casino based in UK. I do think this is a really big achievement for them.
It represents their social responsibility and quality standard in the gambling industry which is an admirable achievement. They apparently have level 3 which is the highest level possible giving them points for commitment towards achieving secure and safer standards for their users.
Quote
GamCare’s description of advanced level 3 is “a business that has adopted a wide range of safer gambling measures that go beyond the social responsibility provisions of their gambling licence”.

It's the only uk based land casino to have achieved this award.
Quote
Being the only UK land-based casino to be awarded this level of accreditation further emphasises that adopting safe gambling measures and customer care is at the heart of everything we do. While we’re delighted with the renewal of the award, we will continue to improve our standards to provide the best possible experience for our customers when they visit our casinos.”


Source : https://www.gamblinginsider.com/news/13648/genting-casinos-uk-awarded-gamcares-safer-gambling-standard-for-second-time

Which casino you think should be included in the list in the future?? Did you ever try and gamble there? I was not aware of these awards and I do believe these are an amazing way to show the appreciation and to show the responsibility that a casino might take to go beyond for it's users.

This is a great achievement indeed for them. It's really nice to know that there are still gambling casinos that are not only after the profit they are going to make, but also after to the welfare and the quality of services they will offer to their customers/players. It feels reassuring that there are still casinos that are willing to go beyond what they are intended to do. They keep up and maintain their reputation not only by words but by works. To achieve such award means that they have really did something to take the game into the next level of thrill and safety for the both parties.

I hope they would be able to continuously maintain their standards for the next decades more. They are now the model of what a safe space and standard casino would be and I wish that other casinos in UK will follow their footsteps to be able to make a healthy gambling community. After all, they really should make and do their best to offer quality services because people are paying them for it.
2712  Economy / Gambling discussion / Re: Where to sports bet ( BITCOIN book) on: October 28, 2021, 03:24:05 AM
Hey I want to deposit a little bit of BTC, I like to sports bet and do maybe 20 a game, but I do not know which book to choose.  Any suggestions?

You could look up and try Cloudbet and Stake which are one of the most popular sportsbook that accepts bitcoin in exchange for chips. The two sites have reputable and trusted records that could assure you your funds are on the safe platform.

Cloudbet is a licensed bitcoin betting website that allows you to deposit at least 0.001BTC and withdraw the same amount. It accepts other top crypto coun as well such as ETH. It offers variety of choices for you to pick from. They have many options for the players to satisfy the inner gambler and to bring entertainment as well. It has welcome gift that you could try on first before betting big time. The payout is smooth as well based on its reviews, so I guess you won't have a hard time in withdrawing your prizes. In addition, it was said that the odds are usually high on the player's side.

Meanwhile, Stake is almost the same with Cloudbet. The only difference I've seen is that Cloudbet solely accepts crypto payment while Stake accepts fiat via card. Stake has a nice rakebacks that you could benefit from the timespan you are playing on the platform. It has a great reputation as well and it offers many games to bet on. In addition, it isn't just limited to the top coins but accepts thousands of cryptocurrencies.

There are more websites that are good and has the high odds of betting. You just have to keep looking. Gather information and reviews about it and compare them side by side, so that you'll know what will suit you best.
2713  Economy / Gambling discussion / Re: Fiat-betting to crypto+betting on: October 27, 2021, 09:26:23 AM
Fiat betting was once the order of the day making online betting difficult to play mostly for international gamblers that have no access to international money transfer services like money gramme, PayPal, Wester Union and so many more. Online gambling was mostly difficult then but now. The regime of Bitcoin has made online transactions easier for everyone.

Gone are those days where you will have to queue in a betting shop to play bets(sport bet mostly)
Gone are those days where online betting is limited.
Gone are those days where there are few betting sites available for bet enthusiasts.
Gone are those days when gambling is for the rich.
Gone are those days where international sport betting transactions are stressful.
Gone are those days when people are afriad to buy Bitcoin.

Now we have some many altcoins that can be use to play bets online. We are gradually walking into the blockchain era. God bless Satoshi Nakamoto.

What advantage does the crypto betting has over Fait betting?


Online betting has become more popular and played all over the world. It made the lives of those people who want to play easier because they can bet whenever they want to, wherever they are. It's more convenient to use and it adds on the entertainment aspect of most people, especially right now that we are in the middle of a pandemic.

I agree to most of what you have said, but I have other parts where I beg to disagree as well. It's true that the era of traditional betting is almost gone because almost everything is digitalized nowadays. The technology is evolving and so are the products and services being offered. Hence, most bettings also adapted to the changes and made their way online. There are now so many websites to choose from. You just have to pick what suits your preferences. However, I don't agree that gambling is only for the rich. Gambling is for everyone, before and up until today. Only that it became more inclusive because of the transition.

People can pick between fiat at crypto betting. Either of the two is okay as long as they are betting responsibly. But to answer your question, I think the advantages crypto betting has to offer over fiat betting would be: having more options, it is diverse in terms of betting payment and withdrawal, some of it does not require KYC which is a plus for those people who are uncomfortable with it, has more privacy, easy to claim prizes (in reputable sites).
2714  Economy / Gambling discussion / Re: gambling addiction is getting real on: October 27, 2021, 08:43:59 AM
lost 20k in 2 days , used up all my profits from my portfolio , and i just wanted to keep on going . how you guys stop yourself from betting/gambling on casino ?

looking for ways to bet on sportsbook but not on casino , but stake does not provide the option for that .  Undecided

It's really hard to get addicted to anything because it do nothing good for oneself. Addiction is a serious topic and should be well taken care of the moment the symptoms occur. In mild cases, counseling and self-restraint would do, but for those who have severe cases, they have to seek professional help from the shrink to get themselves examined and treated the right way.

It's really important to establish limitations and boundaries whenever we do something. Like what they always say, too much can be harmful to you. You shouldn't let yourself be indulged too much in something most especially if you know for a fact that it could lead you to develop bad habits. You must know to practice self-discipline in order to avoid being caught up in a bad position.

Right now, what you can do is to accept it to yourself that you are addicted in gambling. Acceptance is always the first step into healing. You cannot treat something you keep on denying about. Next would be seeking help from the experts to guide you from your withdrawal journey of being addicted to gambling. From there, follow the advices that will be given to you and help yourself as well. Always remind yourself to only touch what you can afford to lose and not to touch other funds intended for important things.

I hope you recover soon. Tell us how you'll overcome it. We'll be glad to hear a successful recovery from gambling addiction.
2715  Economy / Gambling discussion / Re: NO KYC Sportbooks? on: October 27, 2021, 08:11:32 AM
What are some sportbooks that will NEVER ask for KYC

There are numerous websites that don't ask for KYC but make sure to check out their background first before deciding to bet. Some of the online betting sites that I know that doesn't require any verification are Rolleto and Sportsbetting sportsbook. You can check on the Internet about the additional information to the aforementioned sportsbook to see it for yourself if you can trust them.

I suggest, aside from finding a "No KYC" website, you should also look for a reputable and trusted sportsbook that could guarantee you assurance of your money. Most especially when you are going to withdraw your prizes, it's much better to be in a site that has been known to take good care of their players and not just only after the profits. You see, betting sites are requiring KYC for a reason and one of the reasons would be to protect both parties and to make sure that there is no law that is being violated, since some uses the platform to do illegal activities. However, if you are uncomfortable with that, you can always opt to find another one that don't require such. Just thoroughly do a history check and gather all the reviews about them.

Be wary and updated also about their terms and conditions because mostly it changes without prior notice. So check it from time to time because it is possible that they won't ask for verification for now, but soon after they will.
2716  Economy / Gambling discussion / Re: Going for the Underdog or Not? on: October 26, 2021, 03:46:16 PM

I'm not sure if this had been asked before. This is just an example of some odds that I saw recently Fighter A (1.30) vs Fighter B (3.65). With this obviously, Fighter A is the people's champ and Fighter B is the underdog. 

Regardless of who is bigger and undefeated record, let's say you have no idea who these fighters are because the names can't even be read like Ulshrkubyki vs Ykwehgyfvbh. If you only have $10 left in your sports betting account, would you go for the champ which you can only earn $3, or go for the underdog which if he got lucky can triple your money?
Well, if it's only $10 I'd risk it on the underdog but betting with a huge amount of money I'd rather be more picky on who to bet and that probably on the champ. This is a very subjective question since every gamblers are unique, there are those risk-takers and those who are into the less risks kind of gambling.

Exactly.

It's definitely gonna depends on what you're after. If you care about the remaining $10 you have, you're gonna bet it on the champ because it's a wise decision then you could play risky after you won using your profits. But I gotta say playing using a small amount is a waste of opportunity in making huge profits, but if you didn't have a choice then you could play slowly and patiently.
2717  Economy / Gambling discussion / Re: Poker Tips- what kind of strategies do you use when playing? on: October 26, 2021, 01:40:42 PM
Strategy is a must in terms of playing poker, but it is also quite important to develop one's logic and mathematical skills to predict and read the movements of your opponent. Having a poker face or to intimidate your opponent is also a skill must have, it's also a battle of emotions no matter what hand you have. You must certainly deal with it intuitively to make money out of poker.
How are you going to intimidate people from the other chairs if you're playing it online? Is there a way to do that? not unless it's another poker platform that will give you some emoticons to trigger the other players whenever you win or every time they lose. I've played that type of poker but it's not with real money and it's only chips that doesn't have monetary value but it's enjoying to poke and intimidate your opponents because it's either they leave the table or do the same to you.

It is almost impossible to do it online, what you can do if you play online poker is to maximize your own knowledge/skill about your card and your chance based on the flops.

It is possible to evaluate how other players play but it is hard because we cant see their real movement and expression. Most of the time, we will be only do guessing whether players are bluffing or not.
That can be done with a face-to-face table but if it's just online, you'll barely know how the opponents play with their cards. I think if you're observant and focus on both things at the same time as you play. That's like learning your cards and understanding the possibilities of your opponent's cards. And at the same time, you're also observing their acts towards their cards per round, I think that's quite hard to do.

In poker, good combinations of cards are rare. 

However, sometimes they fall out.  Such chances should be used to the maximum.  In these situations, it is necessary to dramatically increase the size of the bank.  This can be done in a simple way.  Without trying to resort to trickery. 

It also happens that you are missing one card.  If you get this card, then you have a strong combination.  What to do in this case?  In this case, you need to bluff! 

This is a chance to increase the bank and wait for the card you need.  Your winnings in this case will be the maximum.
Poker has been demonstrated to be purely a mind game.

First and foremost, some people find it difficult to calculate the probability of having these kinds of card combinations. Of course, bluffing is a skill; it is occasionally effective, but it is not for everyone; yet, attempting to bluff can influence the outcome of the game; however, if you already have a good combination, there is no reason to doubt it. It's better to try than sorry.

Exactly.

Poker is indeed a very difficult game especially if you're professionally playing it since you can't cheat on a casino unless you're with the house. The probability itself is very hard to execute in a game, because you'll get nervous and will start to panic especially if you're competing with people who are in the same level as you. So, sometimes the bluff is the only thing that will save you from losing.
2718  Economy / Gambling discussion / Re: Going for the Underdog or Not? on: October 26, 2021, 11:34:18 AM

I'm not sure if this had been asked before. This is just an example of some odds that I saw recently Fighter A (1.30) vs Fighter B (3.65). With this obviously, Fighter A is the people's champ and Fighter B is the underdog. 

Regardless of who is bigger and undefeated record, let's say you have no idea who these fighters are because the names can't even be read like Ulshrkubyki vs Ykwehgyfvbh. If you only have $10 left in your sports betting account, would you go for the champ which you can only earn $3, or go for the underdog which if he got lucky can triple your money?

Very easy.

It's not about the profit you could make but the profit you could have. The champ's odd might be smaller than the the challenger but the chances of winning is much higher than the losing chances so obviously people who wants to play it safe would go for the champ. There's no point on betting to the underdog especially if you have no more money remaining.

Your $10 could be a $100 if you're gonna be patient and smart by betting to the superior fighter.
2719  Economy / Economics / Re: Simple reason why crypto is preferred over fiats on: October 25, 2021, 01:41:15 PM
I don't really think crypto is more preferred than fiat in terms of being a mode of payment. I belive fiat is still the more preferable one most especially by the older generations and less fortunate ones. The reason why is because most of them aren't able to adapt from the transition due to their ability, old age, or social status. But im terms of being a store of value, I can say that bitcoin or crypto in general is the more chosen one because it is safer from inflation and people are gaining from it by just holding because of its nature which is volatility and it being a speculative asset.
2720  Economy / Economics / Re: Permanent inflation or "just temporary" on: October 25, 2021, 01:07:38 PM
A few leaders of OCDE countries are speaking wishfully about inflation, stating that this is just "a temporary peak". However this may or may not be the case. Even the people with best information (CEOs of large companies and perhaps some ministers) are unclear about how long do we have to endure inflation.

My translation for this is "we do not know if we can effectively pass the burden of all the money we printed onto the labour or the salaries will rise paving way for sustained high inflation in two years".

Inflation is a normal occurrence in the economy of each country. Inflation is usually indicated by the price increase of the products and services offered in a country. The consumer price index specifically is the term called for it. The inflation can either be good or bad depending on where you currently belong, what your social status is, and your situation in life.

If you belong to a rich country, inflation is usually not a big deal to them. Hence you have a little to worry about unless you belong to the lower bracket of the society. First world countries usually handle it better because of course they are richer and more capable than those of blossoming countries just yet. If you are poor, you will severly feel the impact of inflation because it is very evident in our daily lives, most especially if it is soaring. The price in the market will increase, so are the services offered. If you have a fixed income, you will have a hard time adjusting. You have to have a tight and disciplined budgeting plans to survive and get by.

When it comes to situation, if inflation is higher you will benefit if you owe someone or the banks a money because the interest rate would be lower. If someone owes you a money, you will be at disadvantaged because the interest rate the borrower will pay you will be lower. It's really a matter of situation. Either you are winning or losing, benefiting or not, enjoying or suffering. Like what they say, a blessing for some might be a nightmare for some and vice-versa.
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