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3041  Economy / Economics / Re: Difficult to get proper financial intelligence and education on: March 23, 2021, 07:49:34 PM
That's true, most people aren't interested in learning, they just want to make a few bucks, quick and easy, hassle-free. The Ponzi scheme is extremely popular because it offers high returns, in a short period. I've studied some basics of cryptocurrency and Bitcoin, I'm no expert of course, just another newbie.

Knowing the basics of Blockchain and Cryptocurrency is fundamental knowledge nowadays, everyone who is into this sector must have some knowledge regarding this subject.

I've also created a similar thread with some related courses, if you'd like to include them in your thread. Could be useful in the long run.

https://bitcointalk.org/index.php?topic=5313408.msg56229560#msg56229560
3042  Economy / Economics / Re: Covid-19, Lockdown and repercussions on: March 23, 2021, 06:48:41 PM
I wouldn't say that, some European countries may have the ability to afford multiple lockdowns, such as Germany, Austria, France and a few more. The majority of the EU countries do not though. Italy, Spain, Portugal, Greece and many more will have to go through intense austerity measures, after the pandemic ends.

EU nations should be fine, because most of the stimulus measures are being sponsored by the European Union (mainly with funding from richer nations such as Germany and France). And regarding countries such as Italy and Greece, they were in a bad economic condition even before the pandemic started and I don't expect that to change considerably in the near future. Austerity measures will be undertaken. There is no other choice.
I can't speak for other countries, Greece however, was doing considerably better before the pandemic, with Tsipras as Prime Minister. The country's GDP free fall had stopped and the condition was a lot better. Greece exited the third memorandum in 2018.

https://www.goldenvisa-greece.com/greece-exit-memorandum-invest/

This, will radically change after the pandemic is over, we will probably have a 4th Economic Adjustment Program (Memorandum) to repay all the money that has been spent as income benefits due to Covid.
3043  Economy / Economics / Re: Covid-19, Lockdown and repercussions on: March 23, 2021, 02:54:57 PM
It has been about a year since the COVID-19 pandemic is still running, and there is no sign that this pandemic is coming to an end. Already many
people are frustrated and stressed by the current conditions, because it must be admitted that it is very difficult to find a job  in a situation like now.
Even in some countries the number of poor people continues to increase, this is truly catastrophic. Therefore,  it is very fortunate for people who
are familiar with Bitcoin, because Bitcoin can be an alternative source of income in a situation like now.

Actually rather than getting contained, the pandemic is getting even worse. Yesterday I read a news article, that claimed that the new strain that was found in Brazil can infect even those who have been vaccinated against COVID 19. If this is true, then we will be in big trouble. Right now there are a lot of expectation from the vaccination program, and it is one of the reasons behind the recent dip in deaths reported from some of the countries, such as the United Kingdom and Israel.
We're actually screwed if this is true, that will require a reformation of current vaccines to adapt to the new strains, plus new vaccinations from scratch. There are a lot of rumors about new strains being discovered quite often, which is quite worrisome. It looks like a never ending nightmare.

most of the European countries are undergoing a hard lockdown by local governments in my opinion unjustified, where I am we are already in the third wave of the virus the infections alternate between many and few therefore red zone until the best situation, who had a precarious work now has to deal with poverty

European countries can afford multiple phases of lockdowns because the governments have enough cash at hand to compensate the workers and the businesses. But that is not the case in developed nations such as India and Pakistan. According to the Pew Research Center, the number of poor people increased by almost 100% in India, as a result of the pandemic in just 12 months of 2020-21.
I wouldn't say that, some European countries may have the ability to afford multiple lockdowns, such as Germany, Austria, France and a few more. The majority of the EU countries do not though. Italy, Spain, Portugal, Greece and many more will have to go through intense austerity measures, after the pandemic ends.
3044  Economy / Speculation / Re: I have a relatives who ask advise to invest, what should I do? on: March 22, 2021, 10:15:48 PM
Just tell him about "Bitcoin" and just tagging some reminders that profits arent guaranteed so there's a possibility of money.

Dont explain like he would really be making up some bucks so that she wont blame you if the market turns out to be bad.Just like on my case where my friends and colleagues ask out about crypto

since they've been seeing me with some progress in life in terms of financial.They didnt know on what are the challenges and hardships that i pass through before i able to reach this state.

Its never been an easy thing and they would surely experience it for sure.
Probably one of the best options if you can't really avoid them. Make sure you don't mention any success stories, because chances are they'll become overconfident. Warn them about the risks and don't dig in too much details on what to buy or not.
3045  Economy / Economics / Re: Covid-19, Lockdown and repercussions on: March 22, 2021, 08:31:40 PM
The population is getting tired of the lockdown measures, so am I, but there's nothing else that can be done at this point. We need to be patient. In my opinion, what you described has led to a respectively large amount of deaths and cases. Especially deriving from schools, younger children can easily pass the disease to their parents/grandparents, with a cluster of cases starting from there.

Among the young people, the mortality rate from COVID 19 is very low (around 0.1% to 0.2%), and therefore they are quite careless as far as protective mechanisms are concerned. Even in my country, I have seen a lot of youngsters roaming around without face masks. But they need to remember that they are not immune to the virus. There have been deaths among the younger people as well (although in smaller numbers).
The mortality rate among the young isn't the main concern here, it's definitely not insignificant, but that's not our main issue here. The main concern is that younger people are contributing to the wide transmission, thus leading to a cluster of both cases and deaths (especially the elderly)
3046  Economy / Economics / Re: Covid-19, Lockdown and repercussions on: March 22, 2021, 10:50:18 AM
On the one hand, it is clear that people are already beginning to lose patience, money, and standard of living due to the ongoing lockdowns, not fully understood stories with vaccination and the vaccines themselves. On the other hand, the pandemic has not yet receded much, and indeed the population should show patience and endurance in the face of the challenges that have come. The main reason for all the restrictions imposed is not the high contagion of the virus, but more severe consequences for health and, most importantly, for people's lives.

Already one year has passed and there is no end in sight for this pandemic. The vaccination program is also going forward at a very slow pace in most of the countries (with a few exceptions such as Israel, Seychelles and the United Kingdom). Some people (especially those in their teens and 20s) are losing their patience and going out despite the obvious risks. The problem is that these youngsters will get themselves infected and then pass on the virus to their elderly relatives. 
The population is getting tired of the lockdown measures, so am I, but there's nothing else that can be done at this point. We need to be patient. In my opinion, what you described has led to a respectively large amount of deaths and cases. Especially deriving from schools, younger children can easily pass the disease to their parents/grandparents, with a cluster of cases starting from there.
3047  Economy / Economics / Re: Covid-19, Lockdown and repercussions on: March 21, 2021, 05:43:43 PM
Religion doesn't exactly inspire people to be logical about things, in fact it's entirely built on suspending rationale thought and just believing in things whether or not they're true.  It's the perfect example of how not to behave when lives are on the line.  But I will say it's perfectly on brand for religious folks to get angry or even violently upset over someone else not believing what they believe.

I would agree. At least as far as the COVID 19 pandemic is concerned, many of the organized religions had a negative impact on the containment efforts. From Brazil to Philippines, we are hearing stories about clerics asking their followers to ignore social distancing and refuse vaccination. Without these unnecessary interventions from the religious groups, the death toll from COVID 19 would have been much lower.
Such events have also happened here, many priests advised against the usage of masks, vaccines and any measures to tackle the transmission. Let's not mention that some churches completely ignored any taken measures and filled the churches with masses of people with little action taken against them.

Especially the elderly won't give up on going to the church easily. It's funny, you can shop online, work online, sign paperwork and so on, but these people can't stay at home and pray, while remaining in the safety of their own home.
3048  Economy / Economics / Re: Brexit Losses Continue to Mount on: March 21, 2021, 11:54:16 AM
I'm not from the UK, however I was also against them leaving the European Union. They are on their own now, simple things such as ordering from an online store isn't possible now, due to high import taxes.

I used to buy quite a lot of stuff from Amazon.co.uk or other websites (used to order cycling/sport equipment) and have honestly spent a large sum of money in the UK market. Although, now with Brexit, I won't order anything again due to import taxes that have been imposed, it's just easier to purchase from German or French e-shops.
3049  Economy / Economics / Re: Covid-19, Lockdown and repercussions on: March 21, 2021, 11:21:51 AM
We're going through a similar phase, some response measures were eased in late December/January, which included the full reopening of all retail shops and even the allowance of churches during Christmas. Along with the overcrowded classrooms of schools, it led to a backfire of the pandemic in the country.

All of this happened because the government was pursuing to cut down on Covid-19 benefits for employees/shops etc and have now resulted in a third wave of the epidemic, with the country being in the worst position it has ever been.

I don't understand the point in reopening churches and schools when the services can be conducted online. I am in favor of reopening the essential services such as retail shops, but there is no need to permit churches to reopen. But I can understand the situation in developing nations, where churches make most of the policy decisions and retain a disproportionate influence on the government.

Religion doesn't exactly inspire people to be logical about things, in fact it's entirely built on suspending rationale thought and just believing in things whether or not they're true.  It's the perfect example of how not to behave when lives are on the line.  But I will say it's perfectly on brand for religious folks to get angry or even violently upset over someone else not believing what they believe.
I've seen that happen quite often, religious people get way too offended if you're against something they believe in. I know people that in the peak of the pandemic, were visiting churches to receive communion. What a dumb attitude to have during a dire situation we live in, I hope their God saves them when they need an ICU bed.
3050  Economy / Trading Discussion / Re: most amazing picture I have ever seen on: March 21, 2021, 10:10:28 AM
This is the most amazing picture I have ever seen. How beautifully elaborated all major mistakes within few words

Since it's not you who has made this picture, I strongly recommend you add the source.
It looks to be from Binance, I don't know if it's the website or the twitter or whatever.

...And get used to always post the source of whatever you copy from others.
I agree, it should be mentioned that it's taken from the Binance exchange. Apart from the posted photo, Binance offers quite a few guides and information and tips on how to trade and get started. It's the only exchange I've seen doing it.
3051  Bitcoin / Bitcoin Discussion / Re: BTC seems to be fading out and loosing popularity. on: March 21, 2021, 12:22:04 AM
You are underestimating BTC. I don't think it is losing popularity on the other hand I feel it is gaining popularity day by day even ordinary peoples also taking interest in Bitcoin. Mark my words it's not late yet if you have spare funds. After 2-3 years even you would say the same thing If you bought that time when Btc was 60K, You would be in good profit. If your planning is long-term then you can still buy but small investors are focusing on altcoins that are affordable to buy.
I can't say I disagree. Bitcoin has been posted everywhere, after breaking consecutively records, reaching new all-time high multiple times within a few months. Bitcoin is in the spotlight of cryptocurrency news, due to its high price levels that have been achieved during the last few months.
3052  Economy / Speculation / Re: I have a relatives who ask advise to invest, what should I do? on: March 20, 2021, 09:57:10 PM
I have relatives like that too and I would just say I don’t give investment advice. Basically back when BTC was like $3K back in 2017, people asked if they should buy. I told them no and wait until it goes back to $1000 and buy then because $3000 is too risky.

It went up to $20000 and they were upset I stopped them from investing. Then when it went from $20K they invested at $16K and obviously we knew what happened next. And they were still pissed at me that it went down to $6K and they sold at a loss. They are mad because I told them not to buy at $3k so instead they bought at $16K and ended up selling at a loss at $6K.

Best is never give any investment advice on cryptos.
I've had this happen to me too, had friends who were bugging me last year to invest into Bitcoin, I never gave them any advice because I didn't even want to bother, I didn't actually think they were actually capable of understanding the whole concept. After surpassing $40.000-$50.000, I was accused of not giving them advice in the past.

The best thing is to hold a neutral point of view, advise them where to look to find information but never give out any advice. It's guaranteed that it will lead to trouble. If they are capable of understanding the concept of cryptocurrency and investing, they won't ask for investment advice nor blame you for their losses. They'll find a way to learn by themselves.
3053  Economy / Gambling discussion / Re: Gamblers - How do you use your signature campaign earnings? on: March 20, 2021, 08:13:02 PM

Also because wanting to earn money with gambling is the recipe for disaster right form the start. Luck can turn the back on you anytime since when gambling is all about luck. Therefore enjoy your money entertainment/relaxation part.

Worse to happened is getting addicted and not just your campaign earnings to spare but your entire savings,

it happens there are lots of irresponsible gamblers who regrets being engage to this activities.
is far better to enjoy and accept once you suffer losses than to  keep yourself deeply engaged and lose your control.

Wisely use your money and avoid yourself to any possible problem to experience along the way.
If it can help that money must be considered like any other hard earned income. The worst would be to think about it as pocket easy spending money.
Respect towards the sum and self-control, that is all you need to keep moving forward.
Otherwise, there is only one way to go and it is usually not very nice.
That's actually how I see things (any signature campaign earnings) and I don't see it as a negative thing, providing that you are careful and responsible when it comes into gambling. I hold the majority of my earnings in an analogy of approximately 80/20 % and being extremely cautious to not surpass that boundary.

I see it as money that is set aside for some other purpose (You could call it pocket money too) but that doesn't mean that I don't take into account that it's still money I've earned, it would suck if I lose it of course. I'm just being cautious, haven't lost any money yet, haven't earned either though, my gambling balance has remained somewhat stable.
3054  Economy / Speculation / Re: I have a relatives who ask advise to invest, what should I do? on: March 20, 2021, 07:02:04 PM
I just want to share my experience, I have a relative who come to me and ask advise on what coins to invest now, I don't name a coin and I said he must do his research but he insist that I know, he want to invest immediately.

I know he is into FOMO because he seems so aggressive and like to get instant return.
He told me that since I'm a veteran, he would like to ask some advise on what coins will pump in the coming days so he can invest on it.

I knew he is so positive, and I can feel him since I also got FOMO'd before.

What do you think should I do guys? how can I help him?
I've had the same but not with relatives, with friends. I didn't give them any advice on what to buy or what to do, only explained them a few basics on how to navigate and use an exchanged and helped them set up an account on Binance.

Guess who they are going to blame if they lose their money, you. They will blame their ignorance and your mistakes on you. Do not get involved if you can avoid it. If you can't perform what I did. You'll get in trouble if you tell them to buy BNB for instance, and then it crashes.
3055  Economy / Economics / Re: Covid-19, Lockdown and repercussions on: March 20, 2021, 05:52:53 PM
I agree about the churches, I'm an atheist myself and I find it frustrating that such things are still happening in the 21st century. However, a large percentage of the population is religious, closing churches during Christmas celebrations (Or easter's for example) would lead to a condemnation towards the government. The result, a loss of votes in the next election would be one thing.

Unfortunately, the church and the state goes together in Greece, something that the previous government tried to change but was met with great disapproval from the public.

I don't know about the case in other countries. But in South Korea, it was one of the church groups (Shincheonji Church of Jesus) which was responsible for bringing the infection from Wuhan and then spreading it to the general population. And even in the United States, during the initial phases there were a number of clusters concentrated around some of the churches, as the pastors ignored calls to suspend their services.
The first reported deaths were some religious party who had visited Mount Othos, an Eastern Orthodox monastery. I'm not implying it started from there, but a cluster of cases has been found from Christmas religious events. The politicians never publically pointed their fingers to church, for the reasons I already explained on the previous post, instead, they blamed retail and personal responsibility.
3056  Economy / Economics / Re: Covid-19, Lockdown and repercussions on: March 19, 2021, 10:51:15 PM
We're going through a similar phase, some response measures were eased in late December/January, which included the full reopening of all retail shops and even the allowance of churches during Christmas. Along with the overcrowded classrooms of schools, it led to a backfire of the pandemic in the country.

All of this happened because the government was pursuing to cut down on Covid-19 benefits for employees/shops etc and have now resulted in a third wave of the epidemic, with the country being in the worst position it has ever been.

I don't understand the point in reopening churches and schools when the services can be conducted online. I am in favor of reopening the essential services such as retail shops, but there is no need to permit churches to reopen. But I can understand the situation in developing nations, where churches make most of the policy decisions and retain a disproportionate influence on the government.
I agree about the churches, I'm an atheist myself and I find it frustrating that such things are still happening in the 21st century. However, a large percentage of the population is religious, closing churches during Christmas celebrations (Or easter's for example) would lead to a condemnation towards the government. The result, a loss of votes in the next election would be one thing.

Unfortunately, the church and the state goes together in Greece, something that the previous government tried to change but was met with great disapproval from the public.
3057  Economy / Economics / Re: Covid-19, Lockdown and repercussions on: March 17, 2021, 01:25:01 PM
Now it seems that Philippines is on its way back to square one. It’s because of what happened in Metro Manila and the entire National Capital Region, there is a huge spike on the number of cases. I don’t know if this will be called a second wave, but they are now imposing a unified curfew between 10 PM to 5 AM only for the National Capital Region. Because of this surge, the entirety of Philippines are now averaging 4k to 5k+ daily cases, an overwhelming increase from just an average of 1k+ cases in the past few months.

They have also imposed barangay (village) granular lockdowns too for certain areas that were having high COVID cases. The only positive side right now is that compared to last year, the government is well-prepared, because of the vaccine rollouts and strictly enforcing the public health protocols.

We’re kinda the longest lockdown in the world right now and it sucks to be honest. But oh well, this is what the government are trying their best, and back to square one again.
We're going through a similar phase, some response measures were eased in late December/January, which included the full reopening of all retail shops and even the allowance of churches during Christmas. Along with the overcrowded classrooms of schools, it led to a backfire of the pandemic in the country.

All of this happened because the government was pursuing to cut down on Covid-19 benefits for employees/shops etc and have now resulted in a third wave of the epidemic, with the country being in the worst position it has ever been.
3058  Economy / Economics / Re: Covid-19, Lockdown and repercussions on: March 17, 2021, 10:20:40 AM
I'll have to disagree on this one, the majority of the countries are facing shortages yes, especially those in the European Union, due to late agreements from the EU. The United Kingdom hasn't faced any major shortages, nor has Israel, having forecasted the increased need from before it even got released.

Israel signed contracts with the vaccine manufacturers at a very early stage, and as a result they have been able to completely vaccinate almost 50% of their population until now. But that doesn't mean that there is a shortage of vaccines in Israel. If enough vaccines were available, then they could have vaccinated everyone in the country. The same with United Kingdom as well. So far they have administered two doses of the vaccine only to 2.4% of the population.
That's exactly what I said, they were smart enough to forecast that such a thing with shortages would happen. The same thing goes with the Pfizer vaccine, which is produced in the UK and have secured a large batch of vaccines for their own population.
Yes, several organizations around the world have started competing to combat the epidemic the modern vaccine is one of them there is currently no approved treatment or vaccine for Covid 19 Israel has entered into a management agreement with Modern. Through which the vaccine can be purchased moderna is moving forward in their vaccine development they are claiming that they will be able to prepare the vaccine by the middle of next year hopefully they will succeed.
There are already plenty of approved vaccines, some of which are Moderna, Sputnik which is about to receive European approval, Pfizer, AstraZeneca and the Johnson which got recently approved.
3059  Bitcoin / Bitcoin Discussion / Re: Bitcoin can / cannot replace the banks ? on: March 16, 2021, 10:00:43 PM
Cryptocurrency and banks have to co-exist, it's impossible for one to replace the other. Banks are offering a service for the public, such as individual banking (Checking & Savings accounts, loans, debit and credit cards), Business Banking and much more (Even investment services). Those services cannot be replaced by any cryptocurrency.

Moreover, the value of cryptocurrency's isn't stable, thus, their usage isn't for the general public.
3060  Economy / Gambling discussion / Re: Gamblers - How do you use your signature campaign earnings? on: March 16, 2021, 08:14:10 PM
Since I have no expertise in gambling as well as the current situation, it is very difficult to participate in the signature campaign due to competition in the number of sMerits.
and if I get accepted to one of the signature campaigns and get paid every week, I will hold it and that's my safe choice because I have no expertise in gambling and will convert according to my needs.
Because I am here to be able to help meet my needs so I think further before losing everything, and another reason I have to put it to good use when accepted into an autograph campaign.
Merit is challenging to earn, you'll need to make constructive posts, or mostly threads to contribute to the community. However, not intending to bash at you, but you're at the gambling subforum, you're expected to gamble if you are here lol.

I find gambling small amounts of money entertaining, If you manage to enter a campaign, you could simply gamble a small percent of your earnings, like I do.
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