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441  Economy / Gambling discussion / Re: Do not gamble with Loan Money~otherwise you will be in danger like me on: February 07, 2024, 03:52:07 PM
Gambling with loan should be avoided. But not only that, also gambling with the amount of money that you can not afford to lose should be avoided. The reason I said this is because despite it is not advisable for gamblers to gamble with the amount they can not afford to lose, if they do, they are more likely to lose the money in their bank or wallet address and what they will look to is to get a loan if possible, so that they can continue to gamble. What will also still happen is that they will lose.


Why will one even gamble with a loan money,they should know that the level of risk taken is high and and may therefore reduce their chances of winning to pay up.because all their mindset will be on the fact that I have to try hard to pay up the loan otherwise doomed.
But most people are adamant with all of these cause they tend to see the positive sides of what they intend to do rather than the both.

Most times when you advice some persons they will just keep a deaf ear and go on with their decision.
I remember having such discussion with my friend and advice him not to ever gamble with a borrowed money or loan but it seems the advice was all in vain as he went on to do his wish and come back regretting it's decisions.
It's a game of luck and fun if you don't know the tricks about it then forget gambling.
442  Economy / Gambling discussion / Re: Selling a property to play gamble on: February 07, 2024, 02:49:47 PM
It is so unfortunate how some gamblers become so addicted to the extent of selling off most of their properties just to play gamble even when they're aware of the risk that is associated with selling ones properties as you may not be able to replace that same property again even in your entire life.

I remembered some years back when an addicted gambling friend of mine sold his father's car and used the money to play gamble, and he ran out of the house to an unknown destination for over 3 years such that the parents where even looking for him to come back home regardless of the crime he committed because he was his parents only male child, so this friend of mine was invincible and without communication for 3 years and afterwards he returned home looking so unkept and his parents saw him and started crying that regardless of what he did that he wouldn't have ran out of their sight and he apologized for his actions and started living a different life. Just imagine the conditions he went through just because of taking a reckless decision that may have even taken his life because no one knows his activities as he left home and moreover he had already spent all the money gotten from the car he sold on gambling, so how he managed to survive without money and help from his friends and relatives for good 3 years is a risk no body would wish to take in life.

No matter how deep you are in gambling never you sell a property because you will surely regret it when it doesn't work the way you expected.

Have you ever sold a property to play gamble and afterwards finds it difficult to replace that same property again?

It is so unfortunate how most people in my area live such lives, because they feel it's Passion and love but it's all rendering them useless, homeless and unfortunate as well.

For me  even if I gamble just once it doesn't push me to go extra miles to sell property and all of that just to still remain in gambling.anyone that sells properties just to Gamble can never meet up to regain that property,it's only if they have backup from another angle so once they do,they can make it all out to replace it.
I think selling of properties should be discouraged in as much as you know what the outcome is all about.
443  Economy / Gambling discussion / Re: Can somebody make a successful career in gambling on: February 07, 2024, 02:39:52 PM
As the gambling industry is evolving, I think innovations would have kicked in that can make someone create a career from gambling. I do not know how this can be achieved but I feel it is possible.

Making gambling a full time job might be seen as risky but I still feel one can make gambling full time job and a career.

What do you all think?

This is not gonna work so easily but tend to work for people that are lucky,cause eventually when their predictions hit their targets, they end up winning the game .
But in the other way round very difficult,for people who end up loosing each time you play.

Moreso you can't make Gambling your full time job, because like most jobs,u find your t.fare down there to begin the work for the day,fo what's needful and come back home .that's a normal routine job.but for gambling you find your way there,stake game,make predictions with money ,even yo a point of using investment properties to keep it going does it look like a career job? Nah..it can't be cause it will just make you worthless.
444  Economy / Economics / Re: How do you deal with financial stress? on: February 07, 2024, 05:10:42 AM
Everyone goes through stress related to money after all over the past few years millions of people have faced financial difficulties due to various problems around the world, including epidemics and wars.

Just remember this. When you are stressed, that just means that you are focusing too much on the things you cannot control. So if you want to get back in the right track again out of your adversities, you just simply need to feel that you are in control of you own finances and your own whole life. So take a pause in your life. Remind yourself that you are the only person responsible.

There's two things you can do. Minimize your expenses or maximize your income. Along with that you have to payoff your debts and start saving so that you have something to invest later in your career and life. Anything outside of your control are just distractions.

Its also necessary to stay out of debt.Debt affects more than just our financial well-being,having money problems can also affect our physical and emotional health, which is why it’s important that we understand how to deal with debt stress.Everyone can be under pressure,and been in a debt can actually be one of a kind since been in a debt is also a stressful situation.
445  Economy / Economics / Re: The future of Farming. on: February 07, 2024, 04:50:40 AM
You have brought a topic that is important which is the future of farming and this is really the future of food production in the world. If people are going to keep feeding well and get nourished then farming should be taking serious. The unfortunate thing is like you have mentioned also is the land or space to farm. Really, development is taking over land space for agricultural activities.

Whether vertical farming or not, the government need to really take proactive measures to secure lands that will be meant for agricultural purposes and no interference of any capital projects, building of roads, bridges or other structures should not be done in such areas. Just like there is game reserves, the government should put land out and secure them for the purpose of agriculture.

Farming is not just a skill,farming us the future,the future of many,the future of nations and the future to all.There's need to improve and urbanize the farming sectors because the world wholly depends on it.
 It can be by  Embracing new and emerging technologies that can help grow stronger crops, raise healthier animals without any interference.
 If not for farming,how does the world intend to feed,despite finance,economy and governmental policies,they need agriculture to surface in more and thats because it has a role to play greatly for us.agricultural machine manufacturers, cooperatives, pesticide suppliers, and public and private actors such as digital and agricultural ministries must be facilitated for a easy running and functioning to farming modernization.
446  Bitcoin / Bitcoin Discussion / Re: Investing in Bitcoin will bring you hope and gambling will leave you destitute. on: February 07, 2024, 04:21:32 AM
Gambling is not for everyone. It you're not strong and well disciplined enough you shouldn't think on gambling at all.

So many persons have ran into debt because of greed while gambling, it's a bit reasonable to gamble with your spare money but if borrowing is the only means of funding you gambling habit, then you should know that it is high time you put a stop to it.

Leaving an isolated life could leave one to becoming unguided  addicted to vices like gambling and once this happens, it takes serious effort before such a person can to recovered from the spirit of gambling.

Yes that's correct.People consider gambling to be illegal and disastrous because its outcome can be wrecking.But I think its going to be a good idea if someone can or could try both sector maybe one at a time.
 Gambling is not a good choice to gain extra cash but people enjoy gambling so much.Although I've heard several news of a man making millions through gambling but could it be that he cashed out in a dubious way,because we all know what gambling is and of course it shouldn't be for the weak because its a riskier venture.Gambling is uncertain and it cannot save tour finances.
447  Bitcoin / Bitcoin Discussion / Re: Must you lose before you gain in Bitcoin investment? on: February 07, 2024, 04:05:27 AM
Questions like this has popped out in several occasions and arguments concerning Bitcoin investment. My friends will say you must lose before you gain or rather have more experience investing in Bitcoin. If its how it work, Bitcoin isn't for a low income earner as well as not gonna make you rich when you can't invest something tangible to it. On the other hand people are been made big and wealthy in same program. What does it in tell, cos am quite sure people had already known what's going to happen in the market in the nearest future to give them the strong mindset to invest porously. My biggest fear is losing my hard earn to something as volatile, vulnerable and uncertain as btc. What's the possibility you invest without losing. Is it guaranteed in this kinda market?

Not necessarily one must loss bitcoin before he gets a gain in an investment.That's why they advise that you should never invest more than you can afford to lose.everybody will not  always win in the cryptocurrency market and some people have not made the right investment decisions choices but whatever it is,just make sure your gains are more than your loses.
448  Bitcoin / Bitcoin Discussion / Re: Can bitcoin be stolen? on: February 07, 2024, 03:50:04 AM
It's very difficult to say that Bitcoin is completely safe because I think there are still many cases of Bitcoin theft. Apart from that, I also think that as long as she is online and in the digital world, nothing will be safe. In fact, we know that many cyber companies continue to improve their security because they know that hackers will continue to develop. However, we are only required to protect our assets as best as possible.

At every point in time where there is a good development,there's also a bad improvement,its a digital world we all know and as many cybersecurities institution are upgrading their security tactics and system,hackers on the other way are trying to improve in their theft,they are looking out for ways to oppress and top up their illicit knowledge on crypto users.
  Hackers have caused investors to not only lose their life savings, but also their trust in cryptocurrencies, which results in ultimately in the decline in the system.Hackers can access cryptocurrency users and thier wallets and steal their Cryptos.
449  Bitcoin / Bitcoin Discussion / Re: The Future of Bitcoin in a Cashless Society on: February 07, 2024, 03:32:45 AM
It is outrageous to believe that the Fiat would somedays be whipped off the surface of currencies existence.
The global acceptability of Bitcoin is a potential to enforcement that everyone must deal with.
Besides, Bitcoin is just an alternative means of transactions otherwise investment means too. So the possibilities of Bitcoin to outshine the local fiats could be evitable while the world powerful Fiat currencies are not undermined.

I believe that there is already an existence of certain individuals including societies who has the possible running of cashless as a policy and they are certainly comfortable with it. So Bitcoin would only succeed this if it is a dominance and has suppressed the usefulness of the fiat and then mandatedly a compulsory that everyone must adopt and then, the possibility measures as maybe imagine cashless trending while Bitcoin transactions is emerged as the only possible means of transactions would not be twarted.

It would definitely be disasterous because not everyone who are used to the internets including the electronic mobile devices talking more of adoptions with the system of crytop currencies formulas of transactions.
I smile over this because making this a success is to call the world back to a unifyable educations whether they are interested or not leaving them to live at their own risk of handling the currency at such sceneros Bitcoin is made the only financial transactions options.
It's unreal to believe and persuade people that the world will automatically swipe into a situation like that.Bitcoin is serving as an alternative to the fait system,whereby also creating an opportunity for users to access and operate in a comfortable manner.The world is digitalizing everyday around the future of digital currencies and financial technology.
  Bitcoin is accessible to everyone as it ensures a good and transparent network for its users that's why it will always remain a better financial choice.
450  Economy / Economics / Re: How to avoid over expenses and have discipline on: February 06, 2024, 07:22:55 AM
Well the truth is that if every individual can discipline them selfs a lot wouldn't have been happening, things like disrepute while going out to get something either at the supermarket or shop when they have no enough money to pay for their bills.
Anyways the 24 hours rules is good because this is how we know what we wants throughout that day and it will also helps us to spend lesser.
Setting a budget is the most important thing, setting the budget and writing in down in a piece of paper and keeping it at a particular spots in the house were we can always see it and remember incase we gets about the budgets we have.
Finding out what trigger the cost is too easy to find, we spend the money our selfs so we can easily know what make us spend excessively and cut it short.

Well that's the truth just so we can live a comfortable life at all times,it's better to live below your means and the only way you can do that is to reduce your spending.You spend less on clothes,accessories,getting top model of cars and many other things,that way you're left with so much money to save and invest for other financial purposes.
 It doesn't necessarily mean you will deny yourself of your happiness and comfort,In essence, it’s spending less than you earn simple as that.its more about having a smart spending and exercising saving decisions.
451  Economy / Economics / Re: People keep talking how weak dollar and how bad usa economy getting on: February 06, 2024, 06:51:12 AM
It's going to be a whole new system for those that have been joining the new alliance of BRICS. Whatever they think is going to benefit them with mutual agreements, that's where they're going.

While for those countries that are coming into this partnership and alliance, they're all thinking of what's beneficial for them.

And you'll see that when the USA/UK and G7 alliance comes again on their own, who knows that those countries that are into BRICS might join them in as well. I am not into any of those alliances but I am saying whatever alliance a country sees beneficial for them, they will go there.
Jo
I just have a feeling that the USA economy is not as bad as we think of it.The US economy has proved to be strong and resilient all these years,We've so far not been able figure out which other alternative to operate with since the dollar is weak and the US government is failing in its role.
 The USA economy can not just exist all these years and a mere little challenge will defeat it,no because I don't think so.Despite all the problem,its still the dollar that's in usage and circulation,I wonder if there really will be any changes.
452  Economy / Economics / Re: The impact of war on global economy. on: February 06, 2024, 06:25:31 AM
Everything is being affected by the war. The price of commodities and as in everything has increased and that's due to the demand of oil that's also being used in war and the same goes to the affected areas where oil is being produced.

While there have been a lot of resources and sources of oil, you know that when there are events like this. They just make the prices balloon because they'll reason out it's because plainly of the war.

On for the affected land masses of the war, the decline of prices of the lands there are massively happening.

let us put it this way, war will always have significant impact in the economy especially those countries which are directly involved one way or another.
neighbouring countries as well. and those countries which are heavily relying on the products produced by those countries. and other countries which are not directly involved will also feel its impact as you said because most countries are still relying their oil resources outside of their region.
Meanwhile oil resources is greatly consumed in so many countries.Some countries depend wholly on other countries for their oil usage.when war occurs this way,the utilizations of weapons have increased and leads to shortage of oil.Hence,the price of oil begins to fluctuate and it becomes difficult for other countries to purchase and utilize oil for their day to day activities.
453  Economy / Economics / Re: strange indicators to know economy is bad on: February 06, 2024, 05:54:45 AM
Well, that's the kind of crisis we are going through but what surprises me even more is all these points which you have mentioned applies to working class or middle class people wherein elites don't even give a damn regardless of situation there lifestyle continues as it is and yeah people cutting down on unnecessary expenditure is the only way to cope up with the rising inflation and bad economy unless one has multiple stream of income which increases as per the price of commodities.

Only losers don't know how to adjusts to the situation according to th economical needs and end up in debt trap.

Its not even about the strange happenings in the country,there's always something that declines the economy and normal living activities of people it happens everywhere.Once there's is a decline in goods and services,the cost of living changes.Because you'll have to reduce your spending rate and try to adjust in that situation.
 Economic recession hits every person;the rich,poor,middle and the pattern is always the same because people have to survive with or without the governments intervention.
454  Economy / Economics / Re: World changing and those who don't adopt this Will stay poor on: February 06, 2024, 05:38:15 AM
Poverty is still very much a thing that can be incredibly hard to escape, so no, it's not a matter of adaptation to changes.
As for CBDCs, there've been some pilots and there has been some research here and there, but they're very far from getting widespread adoption to worry about them. It's also simply wrong to assume that CBDCs will somehow boost the prices of cryptos because they'll be running on their blockchains or whatever because that's not how these things are done.

Despite all of these implementation,it will still be very difficult to escape from poverty.The world is vastly changing and most people can still decide to stay poor instead of improving and developing themselves.
 Whether predictions or no predictions,the system is changing vigorously and it takes only the brave ones to survive and adapt to the present trend of the economy.
455  Economy / Economics / Re: Business/Entrepreneurship. on: February 05, 2024, 03:37:51 PM
Both starting a business and becoming an entrepreneur involve risks and require bravery.  However, entrepreneurs tend to take more risks developing unproven ideas while business owners work in established markets with some track record of success.   

Business owners focus first on making money by selling products or services to customers.  Entrepreneurs prioritize creative problem-solving and innovation over profits.

Should you put your money into a startup company? Well, it depends on your appetite for risk and your faith in your talents to recognize a good idea when you see one. 


Yes,especially when you've fully understood and acquainted yourself with the appropriate information.Once you're able to manage risks and handle certain financial problems then ready to embark on that journey.You should understand that risk is part of entrepreneurship and it can help to balance your learning ideology/reality.
456  Economy / Economics / Re: Quitting Smoking Has Two Big Benefits. on: February 05, 2024, 02:51:28 PM
Quitting smoking has two big benefits, and I've been doing it for over 3 months. And both can be said to be long-term investments, apart from long-term health, the money used to buy cigarettes can also be used to invest and I invested in Bitcoin.
In one month I can spend approximately $90 to buy cigarettes, and the price of the cigarettes I buy is around $2/pack for one pack a day and sometimes more than one pack.
And by quitting smoking, I was able to increase my regular monthly Bitcoin purchases from a portion of my monthly salary as well as $90 per month in cigarette money.
And I definitely felt a difference in my health and also saw a difference in my Bitcoin holdings after increasing my purchases, and I wish I could do it forever. Honestly, even though I don't do it, sometimes I am still tempted to want to smoke again when hanging out with friends and also at certain moments.
And the strong reason I stopped smoking was because my wife likes to nag me if I smoke at home because I have small children, and over time I decided to stop smoking. And previously I tried it several times but failed, and now I haven't smoked for more than 3 months and I hope I can do it forever because it has two extraordinary benefits. Health and can increase my investment.
Some people are naturally addicted to smoking that they can smoke 9to5 like it's their job.Smoking renders one useless,I mean useless to oneself.It literally puts you in a small hole,I mean it hinders you from achieving something reasonable with your time/life.Where you are supposed to be learning a new skill,or engaging with something lucrative and industrious you're just somewhere holding a fire in between your fingers, and that's weird.
 Quitting smoking can improve your financial state and health status as they say health is wealth.some smoker take 2 to 3 packs per day when they can actually save that money or invest it.It’s not hard to figure out that quitting smoking is good for your finances because cigarettes cost money and every dime spent on a packet can possibly be in your piggy bank/savings.
457  Bitcoin / Bitcoin Discussion / Re: Everyone Calls My Child's Name Bitcoin. on: February 05, 2024, 03:29:05 AM

And I'm worried that my child will be called Bitcoin when he grows up, and I also feel uncomfortable if there are questions about Bitcoin because I'm afraid of answering it wrong.


You don't have to worry on that but should instead be happy and proud because your child has now become a living advertisement for Bitcoin. Certainly, many people would be curious to know why he is nicknamed as such and the story behind it. I am sad, however, that it seems to me it is hard to do cryptocurrency business in your own country. This is actually my first time to hear a story on this nature and you should be proud to be the first one in this forum. Now, am planning to get a dog and named it Bitcoin so my pet will officially be a cryptocurrency.
Already,this is a bitcoin era;we're living in a bitcoin era where at least 40% persons have heard or can say something reasonable about bitcoin.You can only make it seem easier for them by teaching and introducing more of bitcoin pros and cons to them so they don't bear the name without knowledge.There will be a time when he will be asked questions like what is bitcoin?why are called bitcoin?Are there Anny special events attached to that name?and so on.
 There possibly could be a reason why you named him that and as people are inquisitive,he will need to be able to answer to that as well.
458  Economy / Economics / Re: A course worth studying ? on: February 04, 2024, 10:56:54 AM
So, I watched a video recently where the guest speaker said, that if he gets the opportunity to advise teens in high school he would tell them not to study economics, and it made me scared because I'm studying economics. So, it was like... ' Did I make the wrong choice or something? '. Moving further in the video, I realized that what he was saying and explaining had already been said by my economics lecturer before.

"Economics is a day-to-day practice and is an easy endeavor made difficult for study reasons", he usually said. Watching the video to the end, I asked myself, "If I had the opportunity to go back in time would I pick another course to study? " And the answer was ..." No". And if I have the opportunity to advise any high school student about courses to choose... I'd say "Economics". The more people learn about even basic economics, the better the economy of countries.

So, if you had the opportunity to advise people about courses to choose In University, what would it be and why?

Well people have different means to  educate someone,and understanding varies.But I don't think learning or choosing economics as a major educational degree is bad.Economics is really broad and vast, Economics plays a role in our everyday life,Studying economics enables us to understand past, future and apply them to societies, governments, businesses and individuals.Studying and understanding economics is important as it applies to all sectors of life including finance,banking,businesses and many more.
   Looking at the world from the past,from now and even to the future,economical instability and insecurities is the major bane to global crisis and it seems to be increasing as time goes on.I know its not easy to acquire all the academic knowledge but it's important for you to be responsible for your finances,it just puts you in charge and constantly restrict financial failure.
459  Economy / Economics / Re: Leadership and Economics on: February 04, 2024, 10:33:11 AM
I agree about having a good leadership in a country really defines and helps the economics and stability of the country. And that is because with policies that they enforce and as well as the partnership that they're getting, it boosts the economic status of the country.

So, it affects the citizens with the opportunities that are coming and living comfortably but as an individual, I wouldn't let the government define my life and success and won't be dependent to them.

What I am trying to say, they're helping a lot of people's lives to become comfortable but at the same time our success depends on us.

I agree with you.Leaders are responsible for shaping a country's needs they make important decisions for the good of the people and the society,they implement the rules and regulations that will contribute to economical growth  and sustainability.

In most cases,leaders are supposed to have the strongest effect on the people, but people say bad leadership can ruin and depreciate the working condition of the country and as a matter of fact even with the negative impact of a bad leader,one can still be successful because your success depends on you not the government or some leading figure.So in order to avoid such toxicity from your leader,step  up your game,own your life and live it up to your satisfaction.
460  Economy / Gambling discussion / Re: While placing bet what comes your mind on: February 01, 2024, 12:59:01 PM
That is how gambling is, as someone is gambling, a thought like this will come to the person's mind. The person will want to increase the money to gamble. Infact, this is one of the main reasons gamblers easy lose money while gambling.

We have always say that gamblers should use little amount of money to gamble and they should not go beyond their gambling budget which should be a very small amount of money to what they re earning.

Definitely,I think this is a hard rule to follow as a gambler, because as your doing it, there's an inner spirit that energized and encourage you to do more,and you can't resist it.
When placing my bet what comes to my mind is to double my earnings but when I fail to hit my target I don't force it,cause if I do so I'll be controlled to use all my allocations and savings for staking and betting more and I end up loosing?No.
So I work with my mind and I can control it myself,some can't do so that's why they find it hard to get loose from it as it cause havoc to them.

Every day might not be your lucky day,if you win today you might as well loose tomorrow but that doesn't prompt you to use your entire savings to keep gambling cause your aiming at something bigger.
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