Of recent time the world economies have been having problem, from economic recession to losing of jobs, to high inflation rate in the prices of goods and services etc they are all pointers that the economies of the world are currently not in a good shape
So this lead me to be thinking about the word economy and what and what is actually responsible for an economy to grow and what are the economic stimulant
Economy simply refers to the financial management of the country, and Economics is the study of this financial management. One of the major stimulants of the growth of the economy is the behavior of the people. That's why Economics can also be said to be the study of human behavior and how it affects the economy. This study includes their wants, opportunity costs, money costs, their resources, and many more. Now, we can also see in demand and supply that the behavior of the consumers is what makes the price either go up or come down. So, I'd say one of the major determinants of economic growth is how the consumer behaves in the market. Government decisions also plays a vital role in the growth and downfall of the economy, as since the time of John Maynard, the discovery of government decisions has seemed very important in the laws of Economics. |
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I was at the beach after having my evening half rack, same boring night walk scavenging for forgotten or used fleshlights and I was thinking, what if instead of one of those magic toys I get my macho pride stuck in a genie bottle? But after hitting the genie so hard in his head probably he will only be able to grant me one wish, and that on shitty conditions, what if I asked him to make me richer then Satoshi but I'd have to choose:
- Bitcoin gets accepted everywhere, every government legalizes it, all mining is centralized, everyone must register every address with the local IRS, you're not allowed to send money outside legal addresses and miners are refusing those, every single transfer is taxed, the government can decide at any point to seize your coins and can do that with ease. BUT the value will go up 1000x times to 30 big ones!
- Bitcoin is not legal tender, but the genie makes it so that the government has no way and no intention of making any move against it, nobody is banning you from owning, nobody is taxing you, nobody cares about your KYC, AML, taxes, profit, any legal action against anything that involves Bitcoin is impossible and illegal, any seizure impossible as it would break the law, you're as free as one can be. But the price stays forever at $30,000.
No middle way, no trick, no further questions, no this or that, your choice and tell me why this and not that!
Ok... This is funny and serious at the same time  . Let me imagine with you. If the price of Bitcoin goes up 1000x times and it's centralized but can be seized at any moment by the government for no good reason, then that's the most annoying type of bondage ever. The truth is that even if everyone gets addresses and is forced to use Bitcoin a lot of people would go into trading to own fiat quickly. In fact, many people would lose their faith in Bitcoin very fast and in the long run, the price of Bitcoin would drop drastically. But even if the price of Bitcoin remains at $30,000 it has more worth and freedom at that point. How much can one accumulate before being financially free, but the first option may never make you financially free. So my option is the second. |
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Greetings,everyone
At this point in time,i was wondering about the opinions of dear forum users
There is a long period of time when the bitcoin price is at a rather high level,compared to the price a year ago
Some users have sold all their bitcoins as soon as the price became higher than the price at which they bought them
But i'm interested in the actions of those who bought their bitcoins more than 2-3 years ago and sold them now or are still hodling them
How did you find the strength and patience to resist this temptation?
Please answer people who hodl not $1-2k,but at least from $20k
After all,the fear of loss from investing $1k is much easier to bear than from investing $20k
For me this is the best indicator of inner strength and patience,because the greater the amount of investment,the greater the scale of his personality
P.S i've personally held bitcoins for a few years and it's well over $2k
-Regards
To be honest, the threads about hodling and selling/ trading Bitcoin are tiring to comment on the forum. There are a lot of ways to discipline oneself into doing what you want to do and the same applies to hodling Bitcoin. I respect the fact that you've held Bitcoin for over a few years. How did you do it? Isn't it the same way others did it? Hodling Bitcoin is its own reward. The fact that you know despite the fluctuation you're gonna get something big, isn't that even the reason you started. I believe if you're the type to easily liquidate and spend what you have due to temptations then you should learn to manage your fiance's in a way that some BTC are hodl and a little kept aside for liquidation. That way you can hodl and trade for little expenses, just like you spend and save your fiat currency. |
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Well with the way Bitcoin's popularity and price are increasing daily, we can say it's really becoming more attractive than gold. But, at the same time the difference between the price of Bitcoin and gold isn't that much, cause the price of gold isn't remaining stagnant either it's also growing. Both assets are really good forms of investment.
The advantage Bitcoin has over gold is also the disadvantage it has, and that's it's fluctuating market. Bitcoin price is so volatile that it may give you high returns in a short period of time ( that's in this period of ATH), but its price may fluctuate and reduce drastically to the extent that gold would be way more expensive when compared to it.
So, to be honest, they are both really attractive, in as much as Bitcoin is volatile and gold isn't all that volatile, they still share similar prices. But Bitcoin may go way higher than gold since it's breaking ATH Moe more than usual now.
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It takes balls, money, and wisdom to invest in cryptocurrency. Even before gathering the balls, you need to have the funds for investment, but that's not what I want to go into now. Many people are waiting for the right time to invest in cryptocurrency but in my little time spent learning and knowing kinds of stuff about crypto there's no such thing as " the right time". You may think you've bought those assets and a lower price until after a while the price begins to come down and you start feeling like you've lost more than enough.
The thing about the crypto market is that it fluctuates often. One needs wisdom to understand charts and the movement of the market. Do what you must and do it fast.
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We must understand that these solutions won't show effects now. The only thing this class of people can do is to invest in themselves. Invest in their knowledge and this would lead to opportunities, invest time into these opportunities and these would lead to income, invest little of this income over time into assets and this would lead to more income. Invest this little income back into yourself through your looks, health, and knowledge all over again for the cycle to continue and yield results. This reminds of of the vicious circle of poverty which states that " poverty begets poverty" It explains the fact that poor people are poor because they are poor. They can't save all they do is earn little and eat little. If they could just invest a little more it would set the stone and open up the way for wealth to come in.
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Have you ever met individuals with insane and brilliant ideas that got you wondering, how come he knows all this and it's not even reflected in his life? Some could give you real business ideas that could change a whole generation but that's all they can do, they can't bring it to reality and all their ideas only end on the discussion ground and never come to life.
I've met some of them and I must say, they are the backbone of so many successful businesses. Always with brilliant solutions to hands-on problems but can't put things together all by themselves to create a company of their own.
I believe nature is fair to all and while it gives some people that quality, others can bank from these brilliant ideas and bring it all to reality by supporting the ideas with the needed finance, resources, and coordination required to have a successful firm.
What do you think?
I think, one of the things that discourages people from these stuff is lack of capital. They don't have the money to fund these dreams, sometimes it's probably not their dreams, they just happened to have these ideas at the back of their minds. Another would be fear. Fear of disappointment, fear of not having a fulfilled life, fear of carrying too much load or burden. I don't think we should blame anyone who has ideas but can't achieve them for one reason or the other. The rest of us aren't better off. Everyone has their own life to live, and we should all focus on accomplishing our own dreams and make sure we won't have regrets at the later time of our lives. |
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What criteria do you look for when you research a token/crypto? And what tools do you use to do your investigation? Please provide as much details, examples, walk throughs, tutorial links as possible.
Like if you want to know what percentage of a token is being held for a few VC's, developers, initial investors, etc.? Or how do you monitor inflows and outflows over a period of time?
Why do these topics of threads keep on giving the wrong idea, lol? It really did sound like you were going to give us research tips. I think it's important the OP gives his/her opinion before asking the forum. That way we get your POV, cause this information is literally on the internet and on the forum. So, let it be that you know a little bit before waiting for people's comments. Anyways, I think one of the best research tips would be checking out listed coins on exchanges and comparing prices, that way you know which is more valuable. Checking out the fluctuation rates and how they increase and decrease is also very important. |
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How to invest i mean how to diverse 1000
On altcoins how much to buy of each coin?!
In safe way and profitable
Lol, I came here looking for a strategy to follow. Anyway, my opinion would be to first invest in Bitcoin. Let's assume you've already invested in Bitcoin and you have an extra $1000 to spare, I'd say to invest $400 ETH, $300 Ravencoin, $200 in Litecoin, and $100 spare for various( of course not just one) coins of quick pumps and tokens. This last one is risky that's why the allotted case to it is smaller. And again, if by the time of reading you realize that there are better coins out there, I'd say you ditch mine for what you want. but let it be in the allotted amount according to the highest-paid coin. |
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Bitcoin is certainly unique in being the first cryptocurrency.
But other coins can have unique qualities that Bitcoin can never adopt.
One such quality is simplicity. Although Bitcoin may be far less complex than some other chain like Ethereum, it still contains a nontrivial amount of complexity in itself, as witnessed by the over 10,000 lines of code in libbitcoin-consensus.
Learning all the Bitcoin consensus rules in detail is quite a challenge, one that not many people have undertaken.
A lot of complexity resides in its Bitcoin Script language, even though none of that is needed to support
the vast majority of transactions. Even things like multisig, atomic swaps, discreet log contracts, and bidirectional payment channels can be implemented with just Schnorr signatures and timelocks.
Consensus rules can only ever grow in complexity, since they must be used to verify the full transaction history.
Another such quality is fair distribution. While Bitcoin had a relatively fair one, with no premine, it still did not decentralize wealth as much as one might like. Or rather, as future generations might like, since each successive generation only gets to mine 1/32 time as much as the previous one.
Of course, the huge advantage given to early miners/adopters, and lack of dilution, is great for speculation. But perhaps less so for actual use as currency.
Only one cryptocurrency combines a unique focus on simplicity with a uniquely fair coin distribution of 1 coin per second forever.
It also happens to feature a unique spam resistance; only a few bytes of arbitrary data can be inscribed into the chain with each transaction.
Of course, its uniquely high dilution (in initial decades) also make it uniquely uninteresting for the readers in this forum, that are almost exclusively interested only in speculation.
I don't think there is any coin that is way more unique than Bitcoin is. Yes, it may lack features that some altcoins have and cannot be edited or worked on but that is in fact it's the best feature. Imagine what would have happened if Bitcoin was something that could easily be changed or edited by young a few keys on the keyboard, there would have been no foundation for this industry in fact. That's why no one can control it. Satoshi already thought of lots of probabilities before bringing this out to the public. Basically, what I'm trying to say is Bitcoin is the most unique coin. |
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Good morning my fellow Nigerians, from my little experience for this industry I fit boldly tell you say if you no follow this principles e go hard you to make am for this industry. Nine make I say make i put down the 5 major keys way person need to make am for this crypto space. The first one na
saving and investing: many of us know this one but we no dey do am. This one na to keep small of your income aside for future use no be to chop all , and then investing na to put some of you income into some thing way go make that money increase value over time. save at least 10% of your income and invest like 20%, you go surely see changes, and then the second one na
Education and continuous learning: this one dey very important because na this one go keep you up to date , this one na to dey continuously gather knowledge and skills way go fit help you get more money.Then The third key na
entrepreneurship: Most of us know This one too , this one na to start and run your own business , so that you fit get other streams of income. So you no go dey depend on only one. the fourth key na strategic planning and goal setting: This one na matter of setting clear financial goals and to create plans way go fit help you to achieve them. And the last one na
financial literacy: This one dey very important , make we tell ourselves the Truth, to get am clear for this industry, we really need to understand how money dey work , how to make am, how to manage am, and how to invest am. If you know this things e go really help your finance. And take you to the next level.
When you said 5 keys to wealth creation, I don't know what I was expecting but this definitely wasn't it. Anyways, it doesn't change the fact that this is what and is most of what there is to wealth creation in this industry. Continuous learning, saving and investing, entrepreneurship, financial literacy. Others may be; hodl Bitcoin, trade altcoin. If you can, you can mine. A business that accepts cryptocurrencies would go farther than expected. Anyways OP, your advice you be very much followed. Thank you. |
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This is correct. If the prices of diesel and other crude oil by-products reduce this would lead to a reduction in the prices of goods and services in the country. That is, hopefully, it would, because due to past experiences and words from people, the prices of goods and services when they go up, barely reduce since that won't be palatable for businessmen anymore. It only takes the grace of God for the prices to be reduced. But something I would like to point out is the fact that if minimum wages increase more than it is, that would also lead to inflation and inflation is what we're trying to reduce in the country. But if the wages increase due to an increase in the general productivity in the country, then, instead of being a bad thing, this would be good for the country. |
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Hey guys. Just to clear up a little misunderstanding I've got. There's something I don't quite understand and it is what happens after people hodl coins and altcoins.
So, we all say that hodling is better than trading, yeah? And I think the only way to earn from cryptocurrency is by exchanging it for fiat currency, right? Meaning, the hodling is just for the value to increase over a while and then you still trade it right?
And for the altcoins, after buying altcoins, what happens if no one wants to buy them from you? You know a lot of altcoins aren't all that popular so how do people even sell off their altcoins? Can you even hodl altcoins?
I know those are a lot of questions, but I keep on getting it wrong in my head. So thanks in advance for the answers.
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There Are many exchanges where exchange authority listed shitcoins only for money and later, they delist these as like responsible Exchange owner. Let's Have an example With MEXC Exchange! I saw some coins Pump from 600% to 18,000%, many coins pump more than 13000% and that's make me wonder. So i also tried to buy new listing altcoins.
But i experience that, New altcoins already pump 300-500% within seconds. Lol. Although i had opportunity to buy overpriced coin cause some coins goes more than 20000%. But i did. And later team create more hype so that more people joined with then. And after a certain time, team dump their share and run away.
So should be careful such shitcoin games. It may increase your money thousands time but i think, people will lose more than gaining
According to the topic, " shitcoin games" I thought you were implying that exchanges had games people play in order to get shitcoins for free, and I was literally about to ask what exchanges do that. Anyways, in these games , they only care about their earnings and their interests most of the time. I can imagine buying an overpriced shitcoin only to lose your money in the end. That's really one one the saddest things, lol. But I think, if you know the movement of these shitcoins, and you really want to earn from them. I'd say you buy them the moment they're enlisted, watch their value increase over whatever % they would, and then you sell them off at whatever point you feel like you've collected more than you invested. That's of course, before they are delisted. |
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"common man", a common term for the average citizen.
"An average citizen", one who strives daily
To meet up in securing the basic necessities of life. Approached by Bitcoin , the common man sees hope!
Hope of a bright future.
Hope of achieving a longtime dream of primordial success.
Hope of all sorts and to all kinds of men
Bitcoin was like the bright light at the end ot the tunnel.
And it still is!
But with all the challenges faced by the average man, many have given up hope in this light(Bitcoin) .
Patience is one key factor to acquiring success through Bitcoin .
If only the common man would have to be patient, then a guarantee of life long success can be attainable.
The poem, yeah ?... It's really nice. The common man lost an opportunity cause he wasn't patient. This happens all the time, most times not even in a financial scenario and it rubs off to other aspects of our lives. It may be difficult, and it may sometimes even seem like a waste of time and a vain process, but you just have to move forward, that's the only thing there is to it. We may be commoners today, but with hard work, smart work, and consistency, we'd all achieve our goals. |
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Why choose one when you can choose both? They're both really good forms of assets and wealth-making opportunities, both having their advantages and their disadvantages. Bitcoin fluctuates more than real estate, in fact, real estate barely fluctuates. The interest in Bitcoin may or may not be equivalent to real estate depending on the amount of Bitcoin and the pattern of selling houses the investor decides to use.
I would pick both. They are both really good and ensure a lot of profit over a long period of time.
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It really amase me when we say that Nigeria is a democratic nation. if u look at what is happening in Nigeria, u will see that power belong to the leaders instead of the people, the masses are voiceless.
The leaders are supposed to be the servant of the people and not the other way round .whenever the government come up with any policy that is not favourable to the well fare of the people, if the masses should protest against it the leaders will see it as a propaganda by their political opponent and they begin to issue treats and warning to the people there by trying to enslave the will of the masses.
The democracy that is been practiced in Nigeria is democracy in form of oligarchy, were power belong to few privileged and powerful people. This people are there to represent their own selfish interest and not that of the people that voted them in.
Democracy is one of the systems of government or probably the only one that puts power in the hands of the masses. But sometimes, I think it's just a cover-up to let other systems run in the background. Despite the fact that the rich continue to have more say in these decisions made, we can also note that the commoners and poor people continue to do so themselves. During an election, who steals ballot boxes? Who kills people just for money? Is it not the people who will later come and start shouting that the government is bad? If the government in this country is bad, the people who carry out their evil deeds for them are even way worse. |
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when it's not yet your turn, don't be tempted to think people ahead of you are using juju to succeed. it's their turn. keep on clapping for them and do not envy them. your turn will definitely come if you remain consistent and never give up.
your dream is to succeed and it's why you are fighting and struggling to succeed. that's why you are swallowing in pains and making personal sacrifices for success. But do you know that there are friends and relatives whose dreams and prayers in life is for you to fail.
And the moment you fail, they have succeeded. they will be so happy because they have achieved their lifetime ambition. so, don't give up. keep on keeping on . shame and prove them wrong by succeeding. and don't give them joy by failing.
Abi. will you allow them, smile at your down fail one day.
Thank you brother for this motivation. Nothing is more relatable than the fact that we are always trying to compete and compare ourselves to people who seem as though they are better than us. Reading this made me realize that we may all be running a race, but it's not the same race. We may be able to measure ourselves but we can't be compared cause we don't use the same scale. That person that you think is better than you, may look at you and think you have something he/she doesn't have. So, never undermine yourself, don't give up, just keep on doing the good things you do, and one day, you'll see the reward. |
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Hey guys, abeg make una come help me out of this matter, because you guys are my surest paddies here and I can only share this with you because of its sensitivity to me. My only Aunty (paternal Aunty) and her daughter visited us since last year after a wedding of one of my cousins which happened during the ember periods, today makes it 4 months since November last year that they came in and they haven't leave up till now. With the current economic reality that is biting everyone of us, I don tire to they accommodate them already.
And that has made me pretty much uncomfortable because even my fiancé wey cover up for my expenses sometimes has not been comfortable with this lately too upon say na she happy pass when been first come, abeg how do I politely ask her and her daughter to vacate the house without offending her?
It is nice you're so generous though, but I honestly think her staying at your place is intentional, due to whatever reasons she has. The thing is if you're not comfortable, then you should tell her straight forward that it's becoming difficult to fend for whatever amount of people live in the house. She may be angry, but you gats let her know that you mean no offense or anything. Even if she gets angry, you know you've done nothing wrong, you just did what was B's for you and your own family. So, there won't be any reason for you to feel guilty. |
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They says money stops nonsense and some guys feels the nonsense the money they've acquired is to purchase the values in women.
Why do we've this insight that when there's money women would always come for you and not you going for them?
Men really have to adopt an otherwise reasoning that women are gold diggers coming for the money and not those hype Darling and Sweetheart names these women may address the men.
As at now, there's a trend of men saying women are cheap these days, just when you've the money and call on them they'd quickly respond.
If I may ask, who's is loosing? You as the man would be billed on a quickie pleasure and at end you'd still find it regretted.
I'm actually not against this shit but we must note it wise that if we don't have enough we should focus more of expenditury with the potentials of earning more while pleasures awaits. Possibly we should be concious that it's not an investment but a consumption because I've withnessed lot of guys acting out of their controls of considering sex the utmost engagement they've ever craved for.
Some guys can even afford to cause depreciation to their source of income just to appreciate women for sexual pleasures.
To you, are women cheap these days or not and what's your opinion?
First of all, this sounds so personal i don't even know where to start from, whether I should laugh at how pathetic the post is and ask who dug your gold, or I should just tell you that this forum isn't for criticism of any gender. Sha try dey rest with these stereotypes and don't forget that while you were busy writing this thread out of whatever experience you've had, Bitcoin's price was going higher and Nigeria's economy was getting WERSER. So, please go and focus on what is important eyeee, and leave women alone. |
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