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281  Economy / Economics / Re: I wonder if food prices in your country have also increased? on: September 15, 2023, 02:27:34 AM
Like in other country price here n the Philippines continuously rises due to the government not supporting too much the agriculture field they keep wasting a lot of money on the confidential funds Sometimes it's also with the government how they manage their community instead of doing an action to the people of the community here in us we are suffering with the poor politics and corrupt people.
Even not pandemic this happen reason why there's no changes here with the management unlike into the other world countries.
I think the agricultural sector is often not a priority in a country. Because there is always a lot of funds for building roads and the like rather than for helping agricultural land such as making modern irrigation and so on. In fact, farmers are rarely helped in obtaining modern tools for farming. Even the price of fertilizer is also getting more expensive. Likewise in animal husbandry. Feed prices are getting more expensive. But we also can't completely complain about this to the government. Because we ourselves are also responsible for ourselves and the sector we enter. But I also hope that the agricultural sector can be given better attention by every government in the world. Because food is the main thing in this world to support life.

Having funding for modern technology like harvesters can make the farmer save huge money and time, but you are right the government is not prioritizing them as they are more focused on building roads and modern buildings but we can't blame them as mostly this will be happening in 3rd world countries where everything still needs to be built. What I do hope is that they add more funding to farmers even just a little bit higher so that they will continue to plant more. Right now a lot of farmers are quitting and the outcome of this is that the prices of food will increase.
So true. Agriculture just needs to be given more attention by the Government. Although the development of public infrastructure is also important, such as better road access which can make transportation easier for transporters and the like. But still don't let Agriculture be forgotten. Because after all, food security is what must be number one. Because if a food crisis occurs then the government will have to face more difficulties, especially the lower classes. And the increase in prices is also a sign of reduced food supply in the market, which makes prices soar even more. But I also understand that on the one hand, the government builds road infrastructure for the good of its citizens. But I hope there is a balance in this.

The sad truth is that it is not balanced. I do see more that there are new roads built so that they can arrive at their destination in less time but still those farmers are still the same, they even take out a loan so that they can plant crops. There are private sectors that are helping farmers but still they aren't big.

The government can try to regulate the price of fertilizer which almost all of the farmers want to make cheap because even if they don't have a farm-to-market road they will still be able to transport their crops to the market.
282  Economy / Gambling discussion / Re: Typical scenario when you are losing on: September 15, 2023, 01:27:49 AM
How did you get over your addiction? I have seen people struggle with addiction for years. Some went into depression from it and had to end it with suicide. Your addiction survival story will be appreciated and I know many others can learn from it.
I started to gamble in 2014. I was addicted from the start all because I was looking for ways I can use gambling to make money consistently, like weekly income. I quite gambling in 2019. That was five years after. I started to gamble again a year after, that was 2020. I noticed I wanted to be addicted again and I quit again and started to gamble some months after. Then I noticed I was not addicted again in that 2020. What made me not to be addicted again was when I know the root cause of my addiction. I later knew I can not make gambling a source of income because it will only destroy my life. That was where the addiction ended.
You should have known from the other gambler’s experiences that gambling as a source of living will never be sustainable and will only put you high hopes on it and still end up with big disappointment and huge losses. That is why from the start, I set some boundaries towards my gambling habits. Although sometimes the urge to constantly gamble really triggers me, but I believe it’s all on your discipline and wise money management that still keep my gambling expenses manageable. Gambling addiction always brings negativity in us, that’s why we have to avoid it before it will ruin all our hard-earned money and end up regretting.

not only in gambling but in all aspects of life which is why prevention is better than cure. Having self-discipline will prevent you from becoming addicted as you will be cautious about what you are doing. Just keep in mind that bad things will happen to you and your family.
 
We all know that it is easy to say that you will not be addicted to gambling but as long as you are limiting your screen time, your budget, and also the frequency at which you gamble you won't be getting addicted to it.
283  Economy / Economics / Re: Tim Gurner wants Unemployment to increase. Employers have lost their power. on: September 14, 2023, 04:08:07 PM
It just made me laugh reading this as those employers lost their powers. Well the only reason why those employees are kind of demanding this is that they don't see the hard work that was done by employees. I've gotten too emotional here as I've experienced this. Employees are the key to company success as those people are the ones really continuing the transactions but the way employers do it is they are going to slave their employees lucky on them if those employees won't leave but most of them will. They should look at their management and know what is the problem with their company, they should know the reason behind it. Employees should feel the power and be compensated well.
284  Bitcoin / Bitcoin Discussion / Re: Common Bitcoin ideas on: September 14, 2023, 01:55:42 PM
I actually pick people to introduced BTC, like my friend who's good at gambling and due to high amount of winnings he's planning what to do with the winning money so I introduced to him BTC as investment. By just simply telling it's worth profiting it would get them curious of course warned them about the risk
Me either, it's frustrating before when there seemed to be people looking interest in Bitcoin but then you just get tired telling and introducing it.
As I am picking, there's no one that's approaching him despite they're risk takers as well.
I'm just trying to avoid them or they're trying to avoid me because I'm giving so much space away from them because I don't think it's worth it to talk to them if it's related to Bitcoin.

Before I explain it to someone who asks me to explain it to them I always check on them to see if it is worth my time or not. There are times that they won't listen so it is useless to explain to them what bitcoin is and I am not that kind of person who will really push them to invest I only want those people who are really interested in it so that my time and effort won't go to waste.

Right now it is better to send video links or blogs explaining bitcoin to those who asked you about it because they can understand more about it and it won't make you frustrated explaining it to someone. There are a lot of videos right now online that can be watched by anyone just give them the link and let them watch.
285  Economy / Trading Discussion / Re: Never Marry a Coin/Project - Practically Example on: September 14, 2023, 12:24:36 PM
Even if you are married if you think it is already at its peak then that is the time for a divorce.

Greediness on the profit will really take place when it comes to seeing that your profit is huge like he got a huge profit on it but still wants more and does not think to get his capital and leave the profit to work just to be safe.

For sure he learned a lot of lessons from it, and he has no choice but to hold on to it. This is also the best example of not going all in and taking out loans for your investment unless you can pay them back even if it is not successful.
286  Economy / Gambling discussion / Re: Australia will ban Gambling through credit cards on: September 14, 2023, 10:22:28 AM
They will use cash? or those direct merchants that is partner of the casino that accept money to deposit on their platform. I don't know much about this bill but my first thought is that they just banned credit cards and digital currencies. How about those partners of the casino that you can cash in using cash? This is only my first impression of the bill but if it is really completely banned then for sure a lot of illegal gambling activities will take place there. Like in our country online cockfighting was banned but there are still people doing this illegally and from time to time someone gets caught because of this.
287  Economy / Trading Discussion / Re: Bitcoin holder are not maximizing the bitcoin potential on: September 14, 2023, 08:55:13 AM
Every day the Bitcoin market fluctuates because when one person sells his Bitcoin, another person buys that Bitcoin. Many times it can be seen that many people sell bitcoins at a price slightly lower than the current market price due to which the price of bitcoins decreases a bit at that time and when someone else buys bitcoins at a relatively high price, the market increases again. Mainly because of such cycle of buying and selling, there is always volatility in the market. But not all investors invest to hold Bitcoin forever. Those who invested in Bitcoin two years ago today may be selling their Bitcoin at this time, meaning they held Bitcoin for the long term. This cycle of buying and selling bitcoins will continue for as long as users hold bitcoins.

There is still the possibility that they already sold but others are waiting to hit near ATH again which is why they are still holding until now. There is no problem in holding because that is their money and that is their strategy. They hold and make their bitcoin sleep for a couple of years because that is what they want and they don't want to learn trading. Also it doesn't mean that if you learn trading you will have guaranteed profit, there is still a risk of losing it all. That is why they are playing it safe. No matter that they can't gain more profit at least they are sure that their bitcoin stays there and that they will possibly gain profit when ATH
288  Economy / Economics / Re: Human Capital, An Intangible Asset for a Company's success. on: September 14, 2023, 06:37:03 AM
So human capital is the right term because on my head it was the core people or core employees that are kind of the blood of the company. This is really helpful to those companies that are wanting success no matter if they are start-ups or established companies because those are the people who do the job just to continue the transaction of the company. It is just sad that even though they already have those assets people they aren't paid well. I'm not saying all that but I've been from a company like that where they haven't taken care of their employees, they always think badly of them and the truth is that if all of those employees resign the company will fail.
289  Economy / Economics / Re: Are you risking investment in other things? on: September 14, 2023, 04:49:06 AM
There is a halving coming next year to which many people who know and have bitcoins have set a target of the amount they hope to have in their holding by the time the bull run begins. I like to know if with this knowledge of bitcoin halving coming, if anyone is investing in anything other than bitcoins. I do not mean alt-coin but things like Real Estate, stocks, bonds etc. I know that Real Estate is good to invest in, but asides real estate, what else are you risking the money you should to invest more in bitcoins on?

Those who have seen the previous bull market know that the return on investments is highest if you invest in bitcoin in the bear market and sell near the top of the bull market. So those people would not be interested in real estate or any other investment market at this stage.

Personally, I am thinking of getting all my wealth into Bitcoin and even selling a property to buy Bitcoin now. Of course, after 1.5- 2 years (after the bull run) i can again buy the property and still have a lot of money in hand earned during the bull season.

That is your strategy. Keep in mind that it is better to not put all of the eggs in one basket just to be safe as we don't know if history will repeat itself even if it has been done a couple of times before. That is why others are not going all in to it, instead they diversify it and also only invest what they can afford to lose. As of the moment we are the same Bitcoin is only my investment but I haven't put all of my money on it as I am planning something physical not because I don't trust Bitcoin but because I am just playing it safe so it is a win-win situation for me.

As long as you will not go broke when your investment is not successful then it's okay but if it is the opposite you need to rethink twice and have a backup plan just in case something goes wrong. It is better to be prepared than sleeping in the streets.
290  Economy / Economics / Re: Having a problem a Personal Finance? on: September 14, 2023, 03:58:17 AM
Maybe the reason you are not making progress is because you spend a lot
Sometimes what makes someone "Spend a lot of money", is because they don't have enough money to save as an emergency fund. Inflation is a disaster. Someone who was paid $100 five years ago is certainly different from someone who was paid $100 today. The problem is that many people working in developing countries are not seeing their wages rise enough to overcome inflation. That is a case that I often find in my country. Average People's salaries are around $300 - $400 per month. In rural areas it is much smaller.

If they do not "spend" the money they have earned that month, then they will not be able to meet their daily needs. Inflation growth of around 5-10% per year really makes people have no hope of saving their money.
The price of things have become so expensive because of inflation,  good amount of money that used to very valuable but this days it doesn't have any worth. The inflation is making things look as if people are mismanaging their money. In this present days it is not even easy to save money, the only solution for people to be able to save some money is either by getting a good paying job or by having aside hustle job and also a main job, this will help in getting some left over money as savings.

You'll need to sacrifice some of your time like your rest or time for your family because you have a side job that you need to go to. Before this was not the norm for people because one job was enough but now it is needed so that we can cope with the inflation because if we are not doing this we struggle and we can't buy our needs. Right now, people are in discipline mode mostly those who are minimum wage earners because their salary is not enough. That is only the solution as we can't rely on the government to increase the minimum wage so we will find our way to have another source of income.

This is my prof said in school cause some of my classmates before were absent in a exam day due to they are having a part time job. They'll have to sacrifice one cause if you tried to keep both in the same time, it would eventually destroy your mental and physical health which is really draining. Cause mostly in the minimum wages pay work are based on the time you've spent not on your efforts. To be honest I don't find having two jobs which both are minimum wages as a solution to these issues. It's either you'll wait for the government to take action about the salary or explore things that could get you out on that situation like trying small businesses for starters, mine was buy and sell where I'm having a little profits.

That is a good initiative but we do have different methods that will work on us, others will be the same with you starting your business, others want to have another job which both will work as long as you haven't scammed other people for that money. Also the government takes time to increase the minimum wage. The last time we felt an increase was I think way back in 2017  when it really jumped so high that most of the employees felt it  but right now we can't feel it because of the price of food.
291  Economy / Trading Discussion / Re: Honest question, what to think about “crypto” affiliates or influencers? on: September 14, 2023, 02:56:27 AM
Another way they earn money meaning they are just profiting small in trading and they need another form of income either on their videos or from sponsors. Just imagine you trade but you are earning more by making videos so what will you do? For sure do videos and the content is about trading even if you are just winning a couple of trades just to make content.
 
There is nothing wrong with those kinds of influencers as long as they don't give financial advice or create scam investments. This is really normal right now with all of us wanting to be YouTube stars.
292  Economy / Gambling discussion / Re: Can money be saved in gambling sites? on: September 14, 2023, 02:00:01 AM

this thread reminds of me of what happened to Stake recently where they just got hacked. not sure if the coins of the users were also compromised but hopefully not after all Stake is very rich and can refund all.

but what happens if it weren't stake.com? if it was just a casino that isn't very well known and only a few thousand in their budget for refunds then you lost your coins as if you are scammed.

Well, there is no impact on the stake users as Stake being the huge gambling casino, has already compensated the affected users but again this does not mean that we use the gambling sites as wallets and save our money on those sites.

You should only deposit the amount with which you want to gamble and the rest amount should be in your personal wallet and on the centralized casino sites. Even your money should not be in any centralized sites including the trading platforms or the online wallet sites that do not give access to your private keys.

Casinos are not where we store our money even right now on those exchanges we intend to store our assets there, but we refrain from doing so because we don't have full control over them. How much more so in casinos where it is a playground of gambling?
 
No matter what the reason don't store any money at the casino, it is better to cash it out and store it under your bed. Mostly the reason for this is that you don't have complete control over your money and anything can happen to it.
293  Economy / Gambling discussion / Re: Advice when you are going a bit far in gaming and betting on: September 13, 2023, 04:22:29 PM

In fact, the thrills of gambling are unlike anything else. But have we ever thought about how much the other way might be? Strangely enough, not taking the risk might be the more exciting thing to do. By not doing something, you enter a world of "what ifs." By putting these money limits in place, aren't we also making up stories about possible futures that we never live? It's interesting how safety can create its own kind of mystery. Does the choice not to bet become a gamble in and of itself? Even more so when we think about the unclear results of not voting?
Not taking a risk is also a bigger risk in whole, and there is no way a person can say he wont take risk because of the fear of losing out in the bet, and this is not only associated with gambling alon, all other aspect of human life revolve around the same simple fact that risk is the fuel to all recorded success or failure in both.
But taking a calculated risk is what places you a hedge over others who just take the risk for the sake of gambling with their luck, and that has been the reason for the several disappointments and losses recorded over time.

I might say sometimes not taking the risk in gambling is good because it will lead you to losses or having a calculated risk in gambling by risking the money that is enough for your gambling entertainment and not all of your money. You might get lucky and win the jackpot but still you need it in moderation. Set limits on your budget and if possible don't always play. Just also think that gambling is for entertainment and not a source of income, so that you won't be more greedy about winning the jackpot.
294  Economy / Economics / Re: Having a problem a Personal Finance? on: September 13, 2023, 01:37:38 PM
Maybe the reason you are not making progress is because you spend a lot
Sometimes what makes someone "Spend a lot of money", is because they don't have enough money to save as an emergency fund. Inflation is a disaster. Someone who was paid $100 five years ago is certainly different from someone who was paid $100 today. The problem is that many people working in developing countries are not seeing their wages rise enough to overcome inflation. That is a case that I often find in my country. Average People's salaries are around $300 - $400 per month. In rural areas it is much smaller.

If they do not "spend" the money they have earned that month, then they will not be able to meet their daily needs. Inflation growth of around 5-10% per year really makes people have no hope of saving their money.
The price of things have become so expensive because of inflation,  good amount of money that used to very valuable but this days it doesn't have any worth. The inflation is making things look as if people are mismanaging their money. In this present days it is not even easy to save money, the only solution for people to be able to save some money is either by getting a good paying job or by having aside hustle job and also a main job, this will help in getting some left over money as savings.

You'll need to sacrifice some of your time like your rest or time for your family because you have a side job that you need to go to. Before this was not the norm for people because one job was enough but now it is needed so that we can cope with the inflation because if we are not doing this we struggle and we can't buy our needs. Right now, people are in discipline mode mostly those who are minimum wage earners because their salary is not enough. That is only the solution as we can't rely on the government to increase the minimum wage so we will find our way to have another source of income.
295  Bitcoin / Bitcoin Discussion / Re: Keeping or recovering seed phrases during or after a natural disaster. on: September 13, 2023, 11:16:22 AM
This made me think for a while but for now my best solution is to engrave it on steel plate and store it in multiple locations like in your house and one on your parents house though it is still debatable that it could possibly get swept away by a flood or even the house got destroyed because of the wild fire. The best part is that you have 2 or 3 copies of it or others made song lyrics about its seed phrase, which is time-consuming but kind of encrypted with hidden meaning.

I am lucky that I am not in a flood-prone area and there are no wildfires here only earthquakes which I am still able to recover my seed phrase if ever my house gets broken as it will still stay where I've put it.
296  Bitcoin / Bitcoin Discussion / Re: Ignore the new Apple toys & Invest in Bitcoin, history always repeat itself. on: September 13, 2023, 09:47:05 AM
There are people who really like to show off or don't want to be left behind  but I don't say it is wrong. As long as you can afford it then it's good but if you are having a hard time buying it and you need to take out a loan on it then it shouldn't be worth getting. Also it is a liability and not an asset for you unless it is intended for something from which you'll earn a profit. It is better to invest it in something like Bitcoin. If ever I have an extra with that same amount I would prefer to invest it in crypto rather than buying a phone.

I am the kind of person who if my phone is still working and is still good even if the LCD is broken as long as it works I wouldn't buy a phone and if I did it would be cheap. We should be more focused on earning than spending because the price of everything is so high right now due to inflation.
297  Economy / Gambling discussion / Re: Learning from those who have experience on: September 13, 2023, 07:01:54 AM
Balancing expenses with income is one solution to reducing gambling habits. Good financial management will prevent you from becoming a gambler who cannot control yourself even when experiencing financial difficulties. Prioritize family needs, then think about the level of savings you have accumulated. If everything is neatly arranged, you can channel your desire to gamble without experiencing long-term effects in your daily life.

That should be done because if not you'll struggle financially. There are other gamblers that are doing this but there are still a few that can't manage their finances because they tend to bet more than prioritize their needs and this kind of person needs help. One of the motivations to do is thinking negatively like if you bet this amount your family will struggle or if the money intended for gambling is better spent on food for the family. Before engaging in gambling consider your needs and those of your family.
298  Economy / Trading Discussion / Re: KYC matter? on: September 13, 2023, 05:04:19 AM
It depends on the platform because others you can still continue using their site but there are constant pop-ups to do KYC while you are using their platform and most of the time you can't withdraw your funds if you need to. There are also times that there are set limits like when you can only transact within the limit and over it you'll need to do KYC and lastly you are forced to do it after signing up because that is their regulation.

Right now most of the platforms require KYC so it is better to do it before doing some transactions on their platform so that we can prevent issues because this is mostly where the issues start.
299  Economy / Gambling discussion / Re: Big capital, small risk or small capital big risk - which is best approach? on: September 13, 2023, 03:30:12 AM
Different people with different approach to gambling. Some prefer committing huge capital to high probability small odds while others prefer using small capital to target big wins. There are many reasons for each of these approaches.

While those that put huge capital win more often, their losses are usually painful. On the other hand, those that commit small capital to make huge wins rare win but when they do, they win big; their losses too are less painful. There are other advantages and disadvantages for both approaches but for the sake of this discussion, let's know which approach you think is better and why?

My approach is different but mostly it belongs to small capital because it depends on my income and needs. If I've already provided for the needs of my family and I have spare money to gamble on that is where I decide how much will be my capital and mostly it is small because I am just trying my luck to see if I will win, if not then I just enjoy the game. This is better because you are not after winning because if so you'll be losing more. How much more if your capital is large?

It is better practice to not go after winning because gambling always makes you lose. This is the better way to think so that you won't be putting in huge amounts of money and after losing you'll go broke.
300  Economy / Economics / Re: I wonder if food prices in your country have also increased? on: September 13, 2023, 02:20:13 AM
Like in other country price here n the Philippines continuously rises due to the government not supporting too much the agriculture field they keep wasting a lot of money on the confidential funds Sometimes it's also with the government how they manage their community instead of doing an action to the people of the community here in us we are suffering with the poor politics and corrupt people.
Even not pandemic this happen reason why there's no changes here with the management unlike into the other world countries.
I think the agricultural sector is often not a priority in a country. Because there is always a lot of funds for building roads and the like rather than for helping agricultural land such as making modern irrigation and so on. In fact, farmers are rarely helped in obtaining modern tools for farming. Even the price of fertilizer is also getting more expensive. Likewise in animal husbandry. Feed prices are getting more expensive. But we also can't completely complain about this to the government. Because we ourselves are also responsible for ourselves and the sector we enter. But I also hope that the agricultural sector can be given better attention by every government in the world. Because food is the main thing in this world to support life.

Having funding for modern technology like harvesters can make the farmer save huge money and time, but you are right the government is not prioritizing them as they are more focused on building roads and modern buildings but we can't blame them as mostly this will be happening in 3rd world countries where everything still needs to be built. What I do hope is that they add more funding to farmers even just a little bit higher so that they will continue to plant more. Right now a lot of farmers are quitting and the outcome of this is that the prices of food will increase.
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