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401  Economy / Economics / Re: How billionaires are really affecting the economy. on: June 28, 2023, 02:13:40 PM
Let's look at the problem from the other side. Is it good to have billionaires in the country? Having billionaires helps the country progress faster, because the state budget cannot afford various projects. But a billionaire can. Of course, a lot depends on the personality of the billionaire, but there is no such thing as everyone being bad.

I agree with you on this point, a country with many billionaires, many rich people is still better than a country with many poor people. Billionaires are not perfect people because they, like us, always put their own interests first. And they are like us, there are good people and bad people, not all billionaires are bad, and all poor people are good people. It's unfair that we speak ill of them here just because we're not like them. I wonder, when we become rich, do we become bad people in the eyes of others?
402  Economy / Economics / Re: Should I Use Emergency funds or Sell my Assets ? on: June 28, 2023, 01:56:16 PM
This really depends on the purpose of your emergency funds; if that funds is sole purpose is for emergencies like what you are experiencing now, then that is the best choice than selling your assets (I'm expecting this to be crypto, properties, gold, or jewelry), because for sure in the future you'll need your assets. Even if I'm in your position, I'm going to use my emergency funds, as that is the purpose I saved for, unless its purpose is more important than the struggle that you are facing right now.

If it were me, I would also use an emergency fund, I don't want to sell any of my assets, especially investments or assets like gold or real estate.
But the OP didn't explicitly mention whether the emergency fund is for more important purposes and what properties he intends to sell. So it's hard to advise because we're not in his situation, and we don't know specifically what difficulties he's facing. If he doesn't want to sell the property or use the emergency fund, maybe think about a loan.
403  Economy / Economics / Re: How can we end the *VOLATILITY OF BITCOIN* on: June 28, 2023, 01:50:02 PM
Increasing adoption and usage of Bitcoin could help reduce volatility. If more people use Bitcoin as a currency for everyday transactions, it could lead to a more stable demand for the cryptocurrency. Next is regulatory clarity could help reduce volatility. If governments provide clear guidelines and regulations for the use of Bitcoin, it could increase investor confidence and reduce uncertainty. Improving infrastructure and technology could help reduce volatility. The development of faster and more efficient payment channels could make Bitcoin more accessible and easier to use, which could lead to a more stable demand for the cryptocurrency. While it may be difficult to completely eliminate volatility, there are steps that can be taken to reduce it and create a more stable environment for Bitcoin.

What you say could help the volatility of bitcoin will decrease somewhat. But does reducing its volatility benefit us? I mean, we invest for profit, and if things are less volatile or stable, how do we make a profit? We invest in bitcoin not because it is decentralized or provides privacy but mainly to provide a higher return than any other investment. If volatility is contained, will we continue to invest in bitcoin? Will you still hold bitcoin for the long term?
404  Economy / Economics / Re: What could Elon Musk be buying next? on: June 28, 2023, 01:37:29 PM

3.So you are saying that Twitter is "a world's top asset"? Are you kidding me? Buying Twitter was a mistake, but Elon Musk is rich enough to afford such mistakes.
What makes you think buying Twitter was a mistake by Elon? Is it because of the recent loss of social networks? So what do you think when last year Facebook also had a lot of difficulties, but this year they are gradually recovering?



It baffles me how many people around the world still think that Elon Musk is some kind of self-made genius. In reality, he's a product of the US government and the Federal Reserve.


There will always be conspiracy theories with all the stories in the world, especially stories about billionaires, and they are always the subject of conspiracy theories that they are government people or just puppets of the underworld. But in the end, there's no proof for that, and it's just speculation in the minds of some.
405  Bitcoin / Bitcoin Discussion / Re: Being Knowledgeable before Bitcoin investment is very Good on: June 27, 2023, 02:02:22 PM
has $20k and still asks others for investment advice.
Is he a wealthy man with many businesses that he doesn't think about the safety of $20k on someone else's investment advice?

Although those who persuade and give advice are not scammers, it will not be a good investment.
No one will be responsible for losing $20k in an investment, it is a risk that will still be borne by yourself.


I saw that thread a few days ago, but in the opinion of many, the story of the man who has 20k dollars and needs investment advice from others is more of a scam than a fact. For those willing to invest large sums of money, they would not foolishly turn to strangers for investment advice. Unless his intention is to scam rather than seek real advice.

Returning to this topic, I agree that having knowledge before investing is necessary not only with bitcoin but in every field because knowledge will always be the key to our success.
406  Bitcoin / Bitcoin Discussion / Re: Having no money to invest in Bitcoin is even better on: June 27, 2023, 01:51:36 PM

So to a great extent, not having money may be helpful to a newbie if they invest the time in learning about Bitcoin and how to avoid getting scammed by securing both their wallet and assets.

This is definitely better than rushing to invest without knowledge. But my question is, newbies with no money serious and motivated to learn about bitcoin? I doubt many people will do that because when you don't have money and what you need to do is make money and not focus on something that isn't necessary at the time. As experienced investors, we will be aware of that, but as newbies, I don't think they will have that mindset.
407  Bitcoin / Bitcoin Discussion / Re: Banks offering investing in Bitcoin on: June 27, 2023, 01:41:54 PM


Further more, by banks deciding to allow such investment in BTC, is this not going against what decentralization is all about?

They provide investment services, or do they invest directly in bitcoin, it won't affect bitcoin decentralization. As long as they don't control the bitcoin network, no one can make bitcoin centralized. The fact that banks enter the market does not surprise me because their purpose as well as ours is for profit. It would be foolish if they ignored the huge profits from this market. Even though they have stated against bitcoin in the past but I never believe what they say, I just look at what they do, and it's not surprising that they provide services on bitcoin and invest in it.
408  Bitcoin / Bitcoin Discussion / Re: Do you think it's still wrong selling properties for Bitcoin? on: June 27, 2023, 01:29:34 PM
I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.
You have said it all in this little paragraph. The decision to sell your property for bitcoin will depend on the number of properties you have, the importance and the profit potential of the property whether it has future prospects or not.

Land is a profitable property to have, but in some few cases, you can run at a big loss holding on to some properties when you should have sold them off and invested in something better like bitcoins.

Do not hurriedly sell off your land for bitcoins, if it is something you must do, it should be a decision you make on your own and not out of pressure.



Do you mean bitcoin is better than real estate? Real estate at risk and bitcoin without risk? All investments are risky, real estate and gold are considered the safest investments, if they are risky, then bitcoin is even riskier. I am a bitcoin investor, but we need real judgment, I don't like bias for any asset. If you say bitcoin is more profitable than real estate, then I would agree with you. But saying that real estate is riskier than bitcoin is not entirely accurate.
409  Bitcoin / Bitcoin Discussion / Re: Bitcoin Become Currency of Nations in 10-15 Years on: June 26, 2023, 12:06:07 PM
I am thinking that even though Bitcoin will become the currency of most nations in the future, the traditional currency we have now will still exist. What I can see is Bitcoin will just be an alternative.
World currency, yes, I agree here and support it because we all know Bitcoin is already doing it and it's really how Bitcoin works right now.


The likelihood of this happening in the near future is extremely low. For Bitcoin to become a global currency, stability and trust are essential prerequisites. However, the significant volatility, speculative nature, and security concerns associated with Bitcoin are major factors that need to be carefully addressed in order to gain wider acceptance.



I agree with you, as long as bitcoin has significant volatility and remains a speculative asset, it will not be the currency of the world even if it were an alternative to fiat. Bitcoin would be the currency if it could become more stable, but that would make it impossible for us to profit from it. I don't want to lie, but even I don't dare to use bitcoin as a daily payment method. I don't want to use my bitcoin when I buy it for 30k$ and have to use it when it's 27k$. Who wants to spend more money to buy the same product, but if we use fiat, we won't spend more?
410  Economy / Economics / Re: Bitcoin high transaction fees is a disadvantage to small business owners on: June 26, 2023, 11:12:28 AM
Even bitcoin's low transaction fees are not a better solution for small businesses or consumers. I don't know about other countries, but in my country, when using cash or e-wallet services are almost free, everything is completely free and very fast. So using bitcoin for payment is also not a better option. But for international payments, bitcoin will outperform fiat.
To be honest, I still think bitcoin would be more suitable as an investment than a payment method, as we will still be converting bitcoins before and after the payment into fiat.
411  Economy / Economics / Re: Has everyone become too pesimistic about the economy? on: June 26, 2023, 10:45:51 AM
Human emotions are the most easily affected and shaken, when our lives are constantly facing difficulties, it is also inevitable that people become pessimistic. But not all will be pessimistic, there will always be two opposing schools in every situation.

Honestly, the economic crisis isn't necessarily a bad thing. Sometimes it will negatively affect many areas and many people, but not all because when others collapse, it is also our opportunity if we know how to take advantage. Like the covid 19 pandemic, many people have gone bankrupt, but many have become rich because of it because they know how to take advantage and find opportunities with it.
Some friends I know, they took a risk when they invested in the health industry during the pandemic, and they succeeded thanks to the pandemic when all other sectors were closed, but the health industry always had to operate at maximum capacity to meet demand.
412  Economy / Economics / Re: Rent or buy real estate - let's have a debate on: June 26, 2023, 10:28:14 AM
In my current situation, where I live and the condition in the area. I am renting a flat in a big city metropolitan area, working on a company that earns good salaries that is enough to fulfill my needs,  while I am paying mortgage, buying piece of land in some village remote  -but not very remote- area that is still developing and will be at least a small city with good public facility in 5-10 Years.

My plan is either I want to just move there where the area is developed enough or rather just sell it if I can at least doubled the price.
I think your condition is actually in pretty good shape. So whatever choice you take, I think it can still be a good thing and quite profitable. but if you can still continue to earn more from your current job and can pay rent and also can even repay or buy property in rural areas then I think it's better for you to continue as you are now. ie produce more and buy more land property in the countryside. and the land property will even continue even if you don't sell it now. so that's me then I'm not going to sell it. because it will continue to multiply year after year if it is not sold.

Not to lecture or anything. Even though I bought the land for investment and speculation, but I don't think hoarding land investment is a good thing and ethical, this is what made housing market soaring, it makes people who actually needs housing can't afford any, and I just don't want to be part of the cause. I don't have problem with people who are doing that, I still think they shouldn't do that, but government still allowing land and real-estate to be hoarded as investment so yeah, people can do what they want, but I just won't do it.  

If you think that hoarding land for profit is unethical and not good, then investing and speculating in your land is no different than hoarding land. So your statements are contradictory in the first place. If holding land to get rich is unethical, what is holding bitcoin called? Because you are also contributing to the price of bitcoin and making it difficult for many people to buy bitcoin. Just like land, hoarders will be happy when the price rises, but those who need it will buy it at a very high price, and this applies to all properties, not just real estate.

Your first statement might be arguable, some people think that might be contradictory, but for me I am not directly contribute to the housing problem because I only buy what I need, I don't buy many lands/housing that I don't need and just speculate on it, I only buy land that I need to build a house that I need, so I only buy the thing that I need. It's only bad if someone buy large/multiple area of land / housing that they don't need and speculate on it. For short, I don't contribute to housing problem since I am not hoarding house for investment, but I take advantage of it and that is also big if, if I sell my land, which is not my initial intention.
 
That was your first point, while your 2nd point comparing Bitcoin and Housing is very much non-sense. No one ever really need Bitcoin for their live, have you ever seen what happened to people who can't afford to buy/rent a place to live, they are very much in trouble. Now, have you seen what happened to people who can't or don't -because using bitcoin is optional- use Bitcoin, they still enjoying their live. So, in short speculate on housing/land is taking people's right of affordable housing, while speculating on Bitcoin won't give any significant effect on other people's life, so it's totally different

When you buy land/bitcoin to speculate for profit, you are affecting other people's lives. All are financial markets, and money is not born on its own, but from person to person. I mean, when you take profit, it means someone bought at a higher price and suffered a loss. The marketplace is a battleground where smart people win by taking money from other stupid investors. It's a financial harshness that many people don't understand.
The government doesn't print money and distributes it to all of us for free, bitcoin/land, the price increase is due to speculation by people like you and me, all of us. Every market will have winners and losers, no market will all win.
413  Economy / Economics / Re: Rent or buy real estate - let's have a debate on: June 24, 2023, 11:54:41 PM
In my current situation, where I live and the condition in the area. I am renting a flat in a big city metropolitan area, working on a company that earns good salaries that is enough to fulfill my needs,  while I am paying mortgage, buying piece of land in some village remote  -but not very remote- area that is still developing and will be at least a small city with good public facility in 5-10 Years.

My plan is either I want to just move there where the area is developed enough or rather just sell it if I can at least doubled the price.
I think your condition is actually in pretty good shape. So whatever choice you take, I think it can still be a good thing and quite profitable. but if you can still continue to earn more from your current job and can pay rent and also can even repay or buy property in rural areas then I think it's better for you to continue as you are now. ie produce more and buy more land property in the countryside. and the land property will even continue even if you don't sell it now. so that's me then I'm not going to sell it. because it will continue to multiply year after year if it is not sold.

Not to lecture or anything. Even though I bought the land for investment and speculation, but I don't think hoarding land investment is a good thing and ethical, this is what made housing market soaring, it makes people who actually needs housing can't afford any, and I just don't want to be part of the cause. I don't have problem with people who are doing that, I still think they shouldn't do that, but government still allowing land and real-estate to be hoarded as investment so yeah, people can do what they want, but I just won't do it.  

If you think that hoarding land for profit is unethical and not good, then investing and speculating in your land is no different than hoarding land. So your statements are contradictory in the first place. If holding land to get rich is unethical, what is holding bitcoin called? Because you are also contributing to the price of bitcoin and making it difficult for many people to buy bitcoin. Just like land, hoarders will be happy when the price rises, but those who need it will buy it at a very high price, and this applies to all properties, not just real estate.
414  Economy / Economics / Re: What roles does the poor play in the Economy? on: June 24, 2023, 11:37:05 PM
But another major thing that I believe the poor usually offer to society is cheap labor. That's to say, since they don't have money, they will likely do work that requires a higher pay and take a low pay as payment since they are, at some point, just after any payment that can just foot their bills for that day.
True, when people don't have high-paying skills, they can still do simple jobs (but with low salaries). Without people who take that kind of job, the economy would slow down or maybe the society would even crumble. If no one cleans streets, toilets, etc., it would be a disaster. Also, most people are poor at some point in their life, and they can escape poverty by continuously learning and working hard. In other words, it serves as competition and competition is good for the economy.

I have a thought, if according to what you say, our world needs poor people, they play an important role in developing a country. Because without them, there would be no one willing to do the jobs you mentioned, and society would go into chaos. Is the government and the rich making this world more divided, and is the gap between rich and poor becoming more prominent? That way, there will always be poor people to work with, and that's how the world works today.
415  Bitcoin / Bitcoin Discussion / Re: Hold Bitcoin VS Hold Gold on: June 24, 2023, 11:28:08 PM

Both are risky, gold is difficult to store as well as to move. As for bitcoin, although it offers high returns and convenient storage, the future is more uncertain and unsafe than gold. So we should diversify and should invest in both. But I like risk and can accept risk, so I will prefer to invest in bitcoin over gold, and I hope like others can make big profits from bitcoin.
Why Bitcoin future is uncertain and unsafe than gold while you already mention that Bitcoin is very convenient to store and with high returns? Bitcoin is already more than a decade with consistent impressive price performance, If you think this kind of perforance can be categorized as uncertain then you are wrong since any unsafe investment will never last like Bitcoin that keeps gaining trend until now. Bitcoin is just starting the real adaption from the majority of the population.

The future of Bitcoin is massive once the global adoption achieved. Gold is already adapted globally which is why the price is already stabled for long term. I doubt it's future is more beneficial than Bitcoin that promise more return and safe storage.

But do you have any proof that the future of bitcoin is huge, or is it just your imagination without any evidence? People say that bitcoin has an uncertain future because no one can predict the future. Furthermore, it is an asset that has only been around for over a decade and is not widely recognized, so it is impossible to say anything about the future of bitcoin. Another thing is bitcoin's market cap is only 500 billion while gold is 11 trillion, which one do you think is safer? It is indisputable proof that gold's liquidity is great and safer. I do not doubt the future of bitcoin, but clearly, bitcoin needs more time to gain a foothold in people's minds.
416  Bitcoin / Bitcoin Discussion / Re: If Bitcoin is legalized, a dream of mine would come true on: June 22, 2023, 03:37:17 PM
But my dreams will remain dreams because Bitcoin will never be legalized by the government in my country.
Well, don't be so negative, bitcoin adoption is something that is still coming through little by little, you don't expect it to happen over night, bitcoin is not also legal in several parts of the world, as we speak, only two countries have officially legalized bitcoin and made it a legal tender, more countries will follow in the future, and you can't be so sure that bitcoin will never be legal in Bangladesh, except you guys are been ruled by a permanent government, which I highly doubt, but even if it be true, when such a government see that alot of other, even bigger countries have introduced and legalized bitcoin payment in their system, they will have no choice but to change their mind on their stance with Bitcoin.

Yes, the legalization of bitcoin is still happening, and we will soon see all the countries that will accept bitcoin someday in the near future. I remember a few years ago when bitcoin was banned in most countries, and people were also very scared and pessimistic about the future of bitcoin because of the huge embargo. But things are changing too fast as more and more institutions, corporations, and businesses start to accept bitcoin, and then countries, especially two countries have made it a legal tender. So we should not be pessimistic and just wait, I believe it is only a matter of time before bitcoin is used globally.
417  Economy / Speculation / Re: Bitcoin - what are we expecting for the rest of 2023? on: June 22, 2023, 03:25:15 PM
This is the 2nd time this year bitcoin has rallied and surprised us, but that is no reason for us to be optimistic this year. For me, even if bitcoin hits $40k, I wouldn't expect too much for the rest of the year when we look at the state of the world economy and what history has shown us. I don't put too much faith and hope in something breakthrough this year. I am still aiming for the halving and will only believe that the bulls will come just 1 year after the halving.
418  Bitcoin / Bitcoin Discussion / Re: Hold Bitcoin VS Hold Gold on: June 22, 2023, 03:18:41 PM


Quote
The fourth is environmental issue. Well, environmental issues are becoming an important issue in the 21st century. Many parties (included some companies or firms) are vying to reduce their carbon footprint. For example, China has a carbon-free target by 2060. Mining gold from deep within the earth has a tremendous impact on the environment. And this is irreversible damage, while Bitcoin when compared to gold is more environmentally friendly, Because Bitcoin can be mined using renewable energy or cheaper energy. Bitcoin mining does not permanently damage the environment. In fact, there is no damage at all to Bitcoin mining activities. Because it happens on a computer network.

Glad you weren't brainwashed about the Bitcoin being environmentally harmful to society. I hope you know very well that Elon decide to sell some part of his Bitcoin because of the environmental concern, he used that excuse to dump Bitcoin on investors but they will never say the bad side of Gold because it will damage their wealth and fooling ordinary people will become something difficult to do.



We are investing in us for our benefit, there is no reason to listen to someone and miss our chance. You have a point, if we compare bitcoin mining with gold mining and production, I believe gold mining will be more expensive, consume more energy, and cause more problems and environmental instability. Mining, digging deep underground in search of minerals and resources is also considered to cause great harm to our living environment, but they have never talked about it.
419  Economy / Economics / Re: Landed properties is the best investment on: June 22, 2023, 02:00:29 PM
Land properties are good investment since it never depreciate but the other way around, but make sure you have the complete papers that says you're the owner of the properties to avoid any worst case scenario like the government taking your land. You have more options when you have a lot of properties, you can start your own business their, like raising livestock, building a house for rent, or anything that can help you earn money.

You can also sell it too, but if you're gonna sell it all after some years, you're gonna end up having nothing.
It can be said that real estate is the best investment because it is both safe and highly profitable, owning real estate brings us many benefits and can generate passive income if we rent it out or do business. But investing in real estate also faces specific difficulties, and not everyone can invest because to start requires a huge amount of capital. And one thing I find funny is that many people think that real estate investing is no better than bitcoin, I think only people who can't afford to invest in real estate say it's not worth the investment.
420  Economy / Economics / Re: I thought there was an egg shortage. on: June 22, 2023, 01:53:04 PM
I believe that an increase in price is a sign that there is an upcoming shortage because there are lots of demands but the supply is only short. If the increase was times two from its previous price, then that is a huge increase in its price. Maybe you will need to avoid eating eggs for a while until their price normalize again. Or you can try to produce your own eggs buy buying a chick and start raising it.

It's a big hassle but it's going to be worth it at the end. I'm lucky that I was one of the unaffected areas because the price of the eggs here are still the same. Last time there was a small increase but it didn't take long for its price to revert to the original one.

The increase in egg prices only occurred in one country or several regions, not a major crisis like the grain crisis many countries experienced when the war broke out. I live in a rural area, and we even have eggs left over to use and can give our neighbors for free, let alone raise the price of eggs. But there were many unbelievable things when the economic crisis happened, there were many shortages that no one thought of, I remember there was also a topic about how they couldn't buy onions because of the high price.
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