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3241  Economy / Economics / Re: Way's to improve growth economics on: June 04, 2021, 07:22:53 AM
There are many ways to improve the economic growth of a country.  Here are some of my ideas on how a country could prosper successfully.

1. Good governance.
A nice set of leaders that are committed to serving their constituents is one of the main ways to see a positive change in a country's economy. Leaders that have integrity and principles to follow and not just a politician that keeps on thinking about their self-interest before the welfare of their nation. You see, politics play a great role in economic growth. If the leader is incompetent, he won't be able to handle and address properly the needs of the citizens and the country itself. Mismanagement of funds will surely happen, failed policies, laws, and regulations will be passed, impunity will be prevalent, and so on. This will lead to a chaotic scene in that specific country, leading to economic decline because the things that have to be done accordingly are set aside.

On the other hand, if a country has a good set of people that practice good governance, almost everything will go well. Providing good governance to the people will reflect in the society itself.

2. Create more job opportunities.
The rate of unemployment affects the economy. If there will be more job opportunities available, there would be more income tax that will be generated to use for the enhancement of the services and utilities. The lesser population will be dependent on government aids because they are already earning a living. By doing this, growth will be more inclusive and not only those in the upper bracket of the society will feel that economy is indeed soaring.

3. Right wage compensation.
If the public and private employers will provide the right compensation to the laborers, it will lead to lower money borrowing and more investment. Borrowing will be limited because they have enough money to sustain their daily needs and they will have spare money to spend or save.

4. Invest more in education.
This is one big factor why some countries remain to be poor - there are no sufficient funds dedicated for education. If ever there is any, it is usually pocketed by corrupt politicians. This should be one of the top priorities of a leader of a country because the children are the hope for the future. We should nourish their minds and fill them with the knowledge that they can use to achieve their aspirations in life. We should make education more inclusive. It should remain to be a right and not a privilege. Let's not cut and enclose their dreams inside a box. This way, they could dream deeply.

The more children acquiring proper education, the more hope a country has because their generation will soon lead after our time has passed.

5. Invest more in good quality infrastructures.
Good quality infrastructures mean that they will be used and utilized for a long period of time. Unfortunately, due to corruption, substandard infrastructures are usually made. As a result, most of it is easily damaged by natural phenomena and it breaks over time. Then, they will need to allot a budget again to rebuilt that project, which means more money will be wasted. Meanwhile, if only the government will invest more in good quality infrastructures, the money will be utilized. Expansion of business may it be big or small will occur easier.

6. Reduce imported goods.
It's okay to import goods from other countries especially if our country is having a shortage of those. However, we should reduce importing goods that are naturally produced abundantly here in our country. It is still much better to support local and small businesses. That way, we can help our fellow citizens and we can encourage them to produce more of their products.

There are many other ways, but I won't include them here since these are just the top ways I have thought upon. If ever economic growth happens, it will produce a positive impact on the standard way of living of the citizens. Not only the country will benefit, but also the citizens residing in that country. It will be a cycle. If the leaders are properly taking care of their people, the economic growth will also be well-taken care of the citizens by providing quality services for their nation.

3242  Economy / Gambling discussion / Re: Betting to Risk Free Fights on: June 03, 2021, 12:52:06 PM
Such thing doesn't even exist. If we are talking about bet, then risk will be always involve. Gambling is all about risk and how we manage it, gambling without any risk at all is playing gambling with free satoshis given by the gambling site or whoever sponsors your gambling addiction and not asking in return.

Another way to explain risk is, if you don't know what will happen and really wanted to know the result, that's where you are risking whatever it is to figure out what's gonna happen next.
3243  Economy / Economics / Re: Risk of Inflation in Economy. on: June 03, 2021, 09:09:50 AM
There are several factors why the economy of a country is at risk of inflation. One most common reason is politics. Politics play a great role in every aspect of our lives. You may not know or notice it, but almost everything involves politics. A country is governed by several people that have the work to lead the citizens into a better society. However, most often than not, the government fails to bring quality work and services that results to negative impact to the overall status of the economy. Thereafter, it is reflected in the market and mostly, the ordinary people suffer.

Bad governance can lead to an increased inflation rate. In fact, every presidential term here in our country, it is mandatory to check whether or not the inflation rate has gone up or down. This is one of the indicators if the leader strategized and planned well the execution of policies, laws, and regulations about supply and demand that could cause inflation of prices in the market.

As long as your country has a good set of people who are committed to serve their constituents, you have a little to worry about.
3244  Economy / Economics / Re: We exited the bear market earler than expected on: June 03, 2021, 08:15:43 AM
I think we haven't entered the bear market yet. What happened a few weeks ago was just a normal scenario in the cryptocurrency world. It has a volatile nature that's why we should expect a sudden value hike or decline every time. The prices bounce back anyway after several days or weeks. You just need to have long patience to minimize your losses. After all, it is just a paper loss not until you already sold it at a lower price than how much you bought it.

If ever we'll enter the bearish market soon, it will be a great opportunity to buy those coins that show potential to have a price surge when the market recovers and enters the bullish market. You see, the majority are smart during the bull market because it is the pumping season. However, only the real geniuses come out when bearish market season enters.
3245  Economy / Economics / Re: Bitcoin and monetary policy on: June 03, 2021, 07:32:55 AM
Hello everybody. I have to graduate in 5 months and I would like to speak in the thesis about bitcoin and monetary policy . The supervisor asked me to send him some material. I would need sources, newspapers, blogs, etc. where they talk about btc and monetary policy. Thank you very much for helping.

Your thesis is quite interesting. Though I suggest you specify what your coverage and scope of the study would be. List down what you want to be included in the field of your study, so that you won't waste your time reading unrelated works of literature. Bitcoin and monetary policy is a broad subject. In fact, bitcoin only covers a wide array of topics itself. You can look at several articles about bitcoin online. Utilize your resources such as your Internet since almost everything can be searched by using different browsers such as Google.

Also, I would like to suggest that be wary of the economical status of the countries you will use in your study. There are different classifications of economic status as well as the policies and regulations they have made. Define the terminologies briefly and precisely so that your supervisor will easily understand the essence of your study.
3246  Economy / Economics / Re: Crypto vs Fiat on: June 03, 2021, 06:42:05 AM


If you understand this picture, congratulations, if you don’t , then you don’t understand money , no matter how much you have in the bank.
#Bitcoin  is down 4% today. But next few months BTC could pump 400%.  Pump or dump, storing your money in crypto beats saving up in the bank.

Surely, gold's value increases as time passes by. It is one of the nicest investment assets if you'll look it up on the Internet. However, also put into consideration the hyperinflation that happens as the world moves forward. It also plays a role in why certain assets have a price value higher than it was declared years ago.

Crypto is a good investment, no doubt. But also put in mind that it is a speculative asset. Nothing is ever certain so I never recommend putting all your eggs in one basket. You have to diversify your funds because it's so risky to store them in one place. If a bad thing happens at that specific platform that you have invested all your wealth, you'll end up having nothing in a snap.
3247  Economy / Economics / Re: Crypto is our last hope for financial independence - John McAfee on: June 03, 2021, 05:53:44 AM
How ironic that the one who damaged bitcoin's reputation a few years ago was making a positive statement about cryptocurrency now. I think this is a kind of trick to redeem himself for what he did back then. It's such a shame to utter these phrases knowing you did awful acts to many people. He deserves to be put behind the bars seriously speaking. He put crypto's name on the dark side before by spreading wrong information and convincing them to join different kinds of scams and schemes. Then, later on, he made fun out of those people who trusted and followed him. He is such a jerk, isn't he?

Crypto isn't our last hope to achieve financial independence. There are many other investment vehicles that can give us high profits as well. You just have to keep looking until you find what suits your risk appetite the best.
3248  Bitcoin / Bitcoin Discussion / Re: Stop the FUD! Enough is enough! on: June 02, 2021, 02:55:23 PM
People selling their Bitcoins doesn't really automatically means that they do panic selling, maybe they just really need the money but somehow the price did a correction, and they've got no choice, or maybe it is just like what you've said, FUD. People who doesn't know how to read the chart will always be have an FUD, and those who are new to cryptocurrency but didn't take a research about how Bitcoin works, that's the short summary for that.
3249  Economy / Gambling discussion / Re: Fully vaccinated individuals now spared of masks in the casinos in Vegas on: June 02, 2021, 01:36:58 PM
Don't spread fake news. How many people have died after receiving the vaccine? People die all the time, and unless you can prove that their deaths are directly connected to the administration of vaccine, you should stay away from posting such news. Vaccination has saved millions of lives till now. Many more could have been saved, but they refused to take the vaccine as a result of the constant propagation of fake news in social media. Those who propagate such news have their own intentions, but it is important to save lives and ignore this propaganda.

Does vaccine really save lives? It just creates antibodies and after it is up to your body. Also vaccine "works" only for one year (like flu shots).
Is this really a solution if I have to make this covid vaccine every year, still wear mask and still be a simple virus carrier?
I havent taken flu vaccine for years and havent caught that illness. Same is with covid. The real solution from covid is personal immune system.
Im more than sure that I was in close contact with covid person during 1.5 years. But still havent got ill. And I'm sure that if I get a vaccine, I will get a high temperature, will feel broken and my immune system will be damaged. So does vaccine really save my life or just gambles if it works or makes worse ?

Immunity is a very complex entity.  You may be of the opinion that you have strong immunity. 

However, the strength may not be enough to defeat the disease (kill viruses or bacteria).  Strong immunity is an even more dangerous entity for the body than weak immunity.  The body begins to devour itself.  Strong immunity is manifested by a strong inflammatory process for the appearance of a virus in the body. 

Most of the people who died from pneumonia in the Covid-19 coronavirus had very strong immunity. 

They didn't die of the virus.  They died from a very strong reaction in their bodies.

I disagree.

Having a strong immune system will never kill its host. People who got infected by the virus and died have weak immune system and medication is not enough to kill the virus. The percentage of getting infected by the virus (COVID-19) when you have a strong immune system is very very low, and if you get infected, mostly you'll recover fast due to your body reaction sending agents to defeat the virus with the help of medication of course.

It would be better if you'll provide scientific proof that strong immune system is a bad one if you'll get infected by the virus, because I'm not convinced.
3250  Economy / Gambling discussion / Re: What's the motive behind the anti gambling campaign on: June 02, 2021, 12:59:02 PM
is it intended to deprive people like me of opportunities to make money.

I don't think so, you have little chances to make money from gambling and it will take some time before you can set up a method or your own strategy so you can win, the anti-gambling sentiments are from people who are once compulsive gamblers or had one of their family members, it is to warn people not to consume all their times and money to gambling and not to be deceived that you can make money in gambling.

I agree.

Opportunities that exist in gambling is mostly about losing, only little percentage about winning, because it's that hard. The odds will always be in favor of the house because that's how it works, that's what you called "house edge" to sustain their everyday bankroll. Others who won big in gambling just got lucky, played gamble at the right time when gambling sites or physical casinos are ready to make someone wealthy in a certain day because they already get the profit they want.

And that would create FOMO to those people who are thinking about playing gambling but doesn't have enough reason to do so.
3251  Economy / Economics / Re: Crypto Passive Income - My Experience on: June 02, 2021, 12:52:38 PM
<...>

Good decision that you have abandoned cloud mining. Plenty of scams are roaming around that platform. They will just try to get into you and once you've trusted them your money, they will disappear after a few days or weeks after giving you high hopes. Binance is a nice platform to put your funds and invest in. Although you still have to limit yourself because risk is still present. You just do your ways and invest in accordance to your risk appetite.

I suppose you have a nice portfolio and funds at hand to diversify that much. This is still good though, not putting all your eggs in one basket. Thank you for your inputs about what is good platform that offers high interests, will surely look into it.  
3252  Economy / Economics / Re: Big test for Bitcoin during the next Economic Collapse. on: June 02, 2021, 11:55:43 AM
I think this is just a phase for bitcoin. The decrease of bitcoin's value last month was just totally normal given its volatile nature. The sudden price drop will surely bounce back in no time. It's not like fiat money which undergoes hyperinflation whenever there's an economic recession and disruption of market flow. Bitcoin, despite the hyperinflation, will still do well. Maybe that is why a lot of investors are now pouring their money on crypto because they see its potential compared to fiat if ever worse comes to worst. It is now perceived as a safe haven due to minimal effect whenever hyperinflation happens.
3253  Economy / Economics / Re: Visa is getting more interested in Crypto on: June 01, 2021, 03:36:46 PM
Mass adoption will surely start anytime soon. Before, PayPal has released the news that they were interested and were planning to adopt cryptocurrency. Then recently, they officially adopted cryptocurrency on their platform which gained a high volume of users trading crypto. This is one of the good effects of PayPal's adaptation of crypto - it urges other companies to do the same which highly benefits the crypto community.

If ever Visa will also follow the steps of Paypal, it will provide a broader reach for different people around the world about cryptocurrency. It will make more people aware of what cryptocurrency has to offer, what are its potentials, and its benefits to the users. This will also be going to be a goal unlocked because there are more platforms to choose from. There will be many alternative platforms to use aside from the existing ones.

However, since this is a platform held by a company, certain policies and regulations apply. I think it would be nice if they would not restrict the user from doing transactions on their accounts regardless of the count and the amount. Since I assume, KYC will be required, they should no longer meddle with the personal business of the account holder.
3254  Economy / Economics / Re: PayPal cryptocurrency trading volume beyond expectations on: June 01, 2021, 03:00:08 PM
Paypal is one of those institutions that have adopted cryptocurrency because they have seen its potential and as an alternative mode of payment in transactions. Large volume of trading, buying, and selling is a great indicator that there are many people out there interested in what cryptocurrency has to offer. Maybe it paved a way for easy access to them, which explains why the volumetric rate of crypto users was beyond the expectation of the company and its old users.

I just hope Paypal is providing good service despite the surge of users on their platform. This trading volume surely gave and is still giving them a huge sum of money. I hope their aim on adopting crypto won't be just because of profit.
3255  Economy / Economics / Re: No new millionaires come from stock market in 2020/2021 on: June 01, 2021, 02:35:21 PM

There won’t be any new millionaire born in stock market
It would be the norm for the 2022, 2023, 2024, ... to eternity
Because stock market is highly regulated
All the millionaires are made from the unregulated stock market is now all dead.

Those clueless billionaires think they can regulate all they want and they dislike gamblers who could do harm to stock market, they’re thinking they don’t need us to help making them the richest man, I think they’re so dumb they’re no coiner and actually is very poor.

Yes, fiat would be used to continue to probe up all blue chip, those are making the rich people richer but not create new millionaires in the foul play, without new millionaires born from stock market every now, the hype on getting rich from stock market would die,

Stop believing those ads telling you can generate passive income investing in Amazon blue chip for as little as $300, those are the ads to make the rich people even richer.

Perhaps you've tried stocks and I assume it didn't go the way you planned and perceived it.

What you stated is merely an opinion since you didn't put enough pieces of evidence such as your source on where you got the information you have provided us. The stock market is doing good at the moment. If you're going to search the internet, the market flow isn't as bad as the previous year due to pandemic. You just have to have enough knowledge and skills in order to be successful on stock market industry. It isn't a place for a faint-hearted person that is easily rattled by the sudden decline or crash.

Stock market possesses risks like any other investment vehicle. You should learn how to limit yourself, depending on your risk appetite. Otherwise, you'll just end up losing and regretting the decisions you have made. Investing in stocks, trading, buying, and selling, are the few stepping stones why there are many millionaires and billionaires enjoying their money right now. Educate yourself first before diving into any investment platform, so you won't be pitiful at the end of the day.
3256  Economy / Economics / Re: Does Money Need Competition To Flourish on: June 01, 2021, 02:00:50 PM
I don't think money has to have a competitor in order to flourish. It is not some kind of organism or an organization that suddenly evolves and increases its potential when threatened in a match. Money serves as a payment method during ancient times up to this date. It stabilizes the economy of a country and controls the market flow. In fact, money's value tends to go higher or lower depending economy itself. So basically, the economy will be one of the main factors why monetary value goes up and down. One best example would be the money exchange rate. The more your country's economy is growing and stabilizing, the lower the exchange rate of it to the universal currency, the dollar.



 
3257  Economy / Gambling discussion / Re: Sumo betting seems rigged - can you make profit with it? on: June 01, 2021, 12:01:18 PM
You can, if you know who rigged it and talk to them to be able to know who's gonna win the match for you to make profits, but if you don't know who and you don't have any connections inside, then probably you'll never make a profit on every match unless you're lucky enough to hit the right player to bet on. Gambling is already hard and rigging it will just make your winning chances go to zero percent.
3258  Economy / Gambling discussion / Re: Would you bet on Medieval MMA? on: June 01, 2021, 11:01:16 AM
First of all, this is not MMA since they used weapons and heavy iron suit to protect themselves, so I don't know why this is called "Medieval MMA".

So here's my opinion about this game. I think it is pretty hilarious since this game compose of a team that has 10-20 people, I guess? and watching them fight is boring to me because I can't focus on which person I would watch to fight. So it would be better if they'll made this a team match still the same number per team, but this should be 1 on 1 after every match.
3259  Economy / Economics / Re: Are you making money online? on: May 31, 2021, 02:18:51 PM
I'd like to recommend playing Axie Infinity which is a play to earn game and the earnings per month is really great. I guess it's better than a 6 hour shift job which is pretty tiring. What you'll earn in the game that I've mentioned is SLP (Smooth Love Potion), the maximum slp you could earn in a high level is 200 so it's 1400 slp per week (check it on coinmarketcap to see how much you'll earn).

My capital in that game was $200 way back November 2020 since you need to buy 3 axies before you could play the game. It's really worth it, you should give it a try. I hope this opinion of mine helped you.
3260  Economy / Gambling discussion / Re: Online gambling risks during coronavirus pandemic on: May 31, 2021, 12:55:39 PM
  • Social distancing should not lead to social isolation, so talk to your friends and peers and discuss your gambling problem with them. Having support can make a big difference.

This is very interesting to the point that most people have associated social distancing to social isolation.

The COVID-19 pandemic really took everyone to their surprise. Many people have troubling adjusting due to the nature of the circumstances of the virus, catching people off-guard to their daily habits. While the pandemic has surely forced us to adjust a safe and cautious lifestyle, this does not necessarily mean that we must isolate ourselves from the whole world, including our families.

In fact, many addicts took this opportunity to be more addicted to their hobbies (i.e. drug use, online gambling, etc.) since they have a reason to rationalize their behavior. This is a very interesting study that addicts, in general, must know and take it from the heart.
The issue is that it is not the same, even if people have used social media for a long time to keep track of the activities of their friends and family the majority still preferred to engage directly with their fiend and family if given the opportunity, the fact they could not do so lead many people to try to find some kind of substitute and unfortunately many people fell victims of addictions because of it, precisely because they did not had the support of their families at this crucial time.

You got a point.

We have different love language, and those need physical touch or needs a presence by his side whenever he has a problem will not count social media interaction with friends as a help. He will just proceed on his addiction and will ignore social media helps by his friends unless they'll go to his house every other day to talk about his gambling problem. It's hard, every is hard and stressful these days because of this non-stop pandemic.

Let's just cheer those addicted gamblers who are doing their best to quit their addiction.
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