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461  Economy / Economics / Re: Any business where today you launch, tomorrow you begin making profit...? on: August 25, 2023, 01:24:18 AM
There’s no type business that exist like that except for a monkey business. Even professionals in business still lose probably because of the tight competition in the market, or simply because their business do not work on its location and the people around. So there’s a lot of risks involved in running a business that you can’t simply guarantee that you will be in profits the next day. However, if it’s like a bitcoin business or investment, for sure it will work if you invest it for long term. But it will take years before you will experience its real profits.
I am still very confused what op means by today you launch a project and tomorrow you begin to earn profits from the business. This kind of business might not be in existence and also, we don't know what op means by tomorrow you start earning profits. Business is something we build with tme nit something that we just do and start making profits from it without any promotion or advertisement. Maybe if we are talking about scam projects then I think op can see something related to that but scamming is something we don't need to even thought about.

Even the buy and sell of products or cars takes time unless you are just selling one shirt that you've purchased today and you can sell it off by tomorrow, which is called business but only for small businesses. Right now, it is not possible to earn immediately if you've just set it up today, and again, this is why we are always in haste. I mean, earning profit or money takes time, so let's just take it slowly because if not, it will become a failure.
462  Economy / Gambling discussion / Re: As a gambler do you have a potential winning amount limit? on: August 24, 2023, 04:18:01 PM

That's how we should treat gambling, and because to gamble, we need money, we have to really take care of the money so it doesn't run out just for gambling. But if some people don't want to see their money reduced, they can find other entertainment, and there are still many things they can get and experience. We also don't need to use too much money to gamble, let alone to chase wins that are difficult for us to get. We only gamble enough and nothing more so that we won't experience a big loss.

We also don't need to have a winning target because that will make us forget to limit our gambling games and can give us more losses that we won't even realize. Every time we gamble, we must always have an adequate budget and don't need to spend all the money, let alone have a winning target we want to achieve. Just let it flow like water so we won't go after something we already know is hard to do.

Money is not come easy we are working hard for the money by daily work,after a month work we get the salary.So we are going to use the money in the gambling,the using money must be calculated before involving in gambling.The calculation is vary person to person,my calculation 40 percentage for basic needs.The remaining 60 percentage can be split into 40 and 20 to the monthly expenses and for entertainment.The more knowledge gamblers used this 20 percentage into the gambling and it’s not affect your monthly spending or the basic needs.This will not leads to any loss,even if you lose the entire 20 percentage in the gambling.Because gambling will give you more than loss money.

Always prioritize needs for your family and yourself. If you can, not including them in your budget is better because the best decision is when you have extra money. That is where you are getting the money you are betting. Though if your salary is big, then that is good, but like us who only survive on a monthly basis, we can't include it in a budget. I can only gamble when I have extra money. So it really depends on how much extra money you have, and that is where you get a percentage on it.
463  Bitcoin / Bitcoin Discussion / Re: Would Bitcoin at this Price limit its Global Adoption? on: August 24, 2023, 02:25:03 PM
Michael Saylor stated that people buy Bitcoin at the price they deserve. Just a few days ago, Adam Back made a bet on Twitter that Bitcoin would reach $100,000 by March 31st, 2024. Here's a concern I have, do you think the predicted increases in Bitcoin's price to $100,000, $200,000, $500,000, etc. will limit its global adoption? Since the price will be so high, the average person might not be able to afford a substantial amount of it. As a result, they might seek alternatives, potentially hindering global adoption. Could the excessively high price lead people to feel like they missed out, causing them to hold onto seemingly worthless fiat currency?
Does it really matter if you hold 1 bitcoin or 0.0001 bitcoin if you have no problem to make a transaction? Bitcoin will only be useless if the price of 0.00000001 BTC will be a dollar or something like that. Even that won't be a problem if we are able to send transaction with low fees. I think there is nothing to worry about the bitcoin's price, the only real thing that limits its global adoption is transaction fee that fluctuates.

Why are volatile transaction fees limiting bitcoin's global popularity? If talking about bitcoin, I don't see any restrictions preventing its popularity. If we talk about the bitcoin barrier then I think it is the government, the biggest barrier preventing bitcoin from really becoming popular. As for the bitcoin price, the price movement will depend on its popularity, the wider the popularity, the higher the demand for it. When the demand is high, the price will be more high.

The government is really the hindrance of this because lots of countries are banning it, meaning that people don't want to break the law as it is illegal to them. Even though some people want to use Bitcoin, they don't have a choice, and even others will use it, but only a few of them as it is illegal. Volatility is also one of the features that people liked, and I don't see it as something that stops people.
464  Economy / Economics / Re: Any business where today you launch, tomorrow you begin making profit...? on: August 24, 2023, 12:32:04 PM
Business is like solving a problem, seeking what the community needs and wants, and using those opportunities to open a business. One of the major mistakes of the people who would like to start a business is they sell the same product with the other competitor after they know its demand Well nothing wrong with it but does this is needed by the community along with you?
That observation can make you rich if you have the risk to deal with it.
Being able to see what people need is indeed the right way to start a business so that we can get good profits in a business. I think selling the same type of product as competitors is not a problem if we know how to market the goods we sell well, such as we take less profit so that the goods we sell sell quickly and we can make a profit that way. There are many things to observe before starting a business so you can understand the risks before starting.

It is really part of the business plan to see if that would be suitable in the area, and if you see that there are tons of customers on it, no matter if there are competitors as there always are, if your business is outstanding compared to others or if you are very unique, your business will still earn profit from it. Just imagine a lot of small stores around you; they are still around even if there are also the same stores with them, but if your store is complete, meaning most of the customer wants are available, you will have an edge over others.
465  Economy / Economics / Re: How to avoid over expenses and have discipline on: August 24, 2023, 08:45:53 AM
budgeting and financial planning always work but it honestly also depends on the income, if our income are too small then everything would be over expenses, the first most essential thing is to improve the income first though financial planning and budgeting also should come together with that honestly and then we can start building up the funds that we have, growing wealth and many more.
but we must also remember the very reason why we want financial independence that is to spent for something that we want (well not necessarily overly luxurious items like sports car) and still have so much money left we could be living our dream life, this couldn't be realized by just saving, as my first point still stands, increasing income takes priority.

Financial planning and budgeting revolve around the income you are getting. No matter how small or big your income is, it will then be used to layout your budget and plans. If you have a low income, you should not be buying stuff that is way out of your budget, you should try your best to compromise and stick with that plan. No matter how big or small your income is, those two are vital.

If you are low in income, you should have more discipline in your budget and not overspend because if we do, that is where we get problems, and we tend to take out a loan or borrow money from someone, and that is where the endless playing on our borrowed money starts, which affects our budget. Though you will still need to budget if you have a big income, again, those with lower incomes are affected the most as they are just earning low.
466  Bitcoin / Bitcoin Discussion / Re: Would Bitcoin at this Price limit its Global Adoption? on: August 24, 2023, 06:30:08 AM
Michael Saylor stated that people buy Bitcoin at the price they deserve. Just a few days ago, Adam Back made a bet on Twitter that Bitcoin would reach $100,000 by March 31st, 2024. Here's a concern I have, do you think the predicted increases in Bitcoin's price to $100,000, $200,000, $500,000, etc. will limit its global adoption? Since the price will be so high, the average person might not be able to afford a substantial amount of it. As a result, they might seek alternatives, potentially hindering global adoption. Could the excessively high price lead people to feel like they missed out, causing them to hold onto seemingly worthless fiat currency?

It won't be a hindrance because you can buy Bitcoin by not buying it as a whole; you can buy it by sats or only what you can afford because it is still the same value but not bigger. I am not sure if it will stop people from buying it, but what I am sure of is that it will still be adopted by people because it is a huge price, meaning if it is a huge price, they will find a way to earn it, and the price is still volatile at that time because it is still in the adoption phase and there are countries legalizing it.
467  Economy / Trading Discussion / Re: newbie with newbie questions on: August 24, 2023, 05:30:12 AM
So, I was wondering how you do trading?

1. Which exchanges you use and why?

2. Proces... so first you screen the coins, how? You get signals from somewhere? Where? Telegram groups? Is it reliable? You pay? After screening the coins then proceed to technical analysis or chart analysis? You do daily trading, scalping, swing... what is your method and why?

Thanks for answers.

You can use Binance; this is the most known right now, and most people I know are using it. With the other question about signals, most of the people here are not relying on signals, as they have their own strategy. You won't learn anything if you just rely on signals; you are just making them rich. Just imagine they sent you a signal entry on this price, but you don't know or understand why. It is better to learn it on your own, have a friend coach you, or find a forum about trading that you can ask questions on.
468  Economy / Economics / Re: What Actually Drives People/Gov to Adopt New and Bold Decisions on: August 24, 2023, 04:30:14 AM
A lot of history is often changed and adapted to government policies, I live in a country that has experienced many problems, and history is certainly different from before, and in my opinion this is to protect the interests of the government, they want to look better than before so they carry out various policies that new and looks different from the previous decicions.
Most countries keep creating unnecessary laws that keep hunting citizens and making things hard for people. There are some laws that are not too good for people and the government may not be interested to help at any point.
When we look at the ways government keep creating policies that crumbles businesses making it very hard for people to get loans with reasonable interest rate to curb some expenses. Inflation is there and there is nothing we can do about that. We keep struggling and the government keep taking us to drain our small profits.

I don't have a problem with new laws because they really debated them, but what I want is to prioritize those laws that can help all people. What I mean is that they ease the burden of people, like subsidies or financial aid, because prices right now keep increasing, or they will find a way to stop the increase of prices by putting some subsidies on them, which can greatly help us. Right now, we have nothing to do but work hard and smartly by finding another source of income to cope with this difficult life.
469  Economy / Gambling discussion / Re: Casinos Should Also Be Prepared For Health Emergencies on: August 24, 2023, 03:44:57 AM
Quote
A man experiencing cardiac arrest and who later died was slumped over a blackjack table at Wynn Las Vegas for more than 15 minutes while the dealer continued to deal cards to another player, according to a wrongful death lawsuit filed this week in District Court. David Jagolinzer, an attorney from Florida, was staying at the Wynn when he suffered a cardiac arrest on April 6, 2022, while playing blackjack on the casino floor. The dealer at his table continued to deal while Jagolinzer was slumped over, according to a complaint filed Thursday.
https://www.reviewjournal.com/crime/courts/lawsuit-dealer-continued-to-deal-with-man-slumped-over-during-cardiac-arrest-2731495/

This happened in 2022 and although I do not know the outcome of the court case, my thoughts are that the discussion about casinos should go beyond security measures to cover how prepared they are in the event of a health emergency . I think that well-equipped First Aid Kit and trained paramedical staff could significantly contribute to ensuring the safety and well-being of casino patrons. Although casinos are primarily places where people go for entertainment and profit, the operators should put in place health emergency measures could potentially mitigate the impact of unforeseen events. On the other hand, I would argue that the family of the deceased is trying to obtain money from the casino. Do you think the casino is to be blamed?

For sure, the casino didn't know it. I mean, there are a lot of drunk people for sure in the casino, and the dealer thought that he was just drunk and got laid off to the floor. Or they have a protocol that the dealer doesn't need to take care of those events, only the security, but again, you are right, there should be some that look after those kinds of situations no matter what, which I've also noticed mostly, like a medic on standby inside the casino, only the security, so this needs to be implemented so that it would be prevented.
470  Economy / Gambling discussion / Re: How was your first experience with gambling? on: August 24, 2023, 02:44:15 AM

There are many different experiences when someone enters into gambling in the end, one of them is like what you said, at first they just try, are introduced by friends and many more. from that experience there will be different impacts too, some of them stop immediately at that time, some become addicted and others. The danger is those who become addicted, it will make them go too deep and they don't even know how to get out.
However, this often happens in the scope of gambling and when it all happens then it will come back to themselves.
I think that a very small percentage of players become addicted, I'm talking about real addiction, when a player is obsessed with winning and trying to find money anywhere to gamble. Often this addiction (if you can call it that) becomes harmless when a player plays several times a week for some pocket money, but he cannot refuse it. So it's just like looking for some kind of emotion in life when the routine is very tiring.

I'm not sure if there is a small percentage of gamblers that are addicted because others won't accept that they are addicted to it; we just haven't noticed it. Right now it is really rampant as they can't control themselves in doing gambling activities because of the fun, and again, let's say that they got lucky to win, but comparing what they lose, it is still more that they lose money. That is why having a habit is really helpful for all gamblers so that they can transfer their attention to it.
471  Economy / Trading Discussion / Re: What could be the problem here? on: August 24, 2023, 01:15:43 AM
...So the problem is we have to be able to restrain ourselves. And we should only enter into trades when we are truly psychologically prepared. should not be too excited but also should not be too lazy in making analysis and trading. Everything must be done quietly...

It is obvious that beginners want to earn a large amount of money as soon as possible. Therefore, they believe that if they open new orders more often, the faster their goal will be achieved. The fear of lagging behind the market movement leads to mistakes that entail the loss of money.
You are right. Beginners tend to do things like that. Because I was in the same situation and condition when I was just learning to trade. I always open positions in a hurry and I also always close positions in a hurry. The point is that everything is too forced and always wants to be done quickly. Well we want to quickly have big profits in a short time. But over time, when experience increased, I began to understand that we really have to trade in a calm position. And our psychology must be in good shape. And we must limit our trading hours to maintain emotional stability. Well, I'm still learning to this day.
Right timing is really the key, or having an established strategy, because if we hastily put a trade in, meaning we don't have a concrete process on where we trigger the trade because we just think that is the best spot, which turns out not to be, this is really the start of losing, which is again normal for trading. All of us have been through it, but we should learn from it so that it won't happen again. Also, emotions are a big factor in it, which is why if you are in a good mental state, you can trade and decide more.
472  Bitcoin / Bitcoin Discussion / Re: My dream is coming close. on: August 23, 2023, 04:28:48 PM
The logic is a good one for sure. ı mean if you want to have one bitcoin, that's a good thing to want and I agree that its going to be a good idea. I know that price drops upset some people, but if you think like OP does then yo will see that as a chance and not something bad. I agree that its not going to be big deal, but as long as we end up with a good result, we shouldn't be really worried about what happens on the road. Sure while you are getting that one bitcoin, there could be moments when you are not in profit, but as long as you end up with that one bitcoin eventually, I think it should be considered a good deal without a doubt. Thats what I think will bring success.
The price of 1 Bitcoin is still $26k dollars which is quite a large amount but this price is very insignificant compared to the ATH of Bitcoin.  But still it is very difficult for us to buy whole 1 bitcoin.  But it is not mandatory for us to have a whole bitcoin.  Everyone should invest bitcoin with the amount according to his ability it is not a matter of how much bitcoin he will get.  It's great that he can keep it up long day.  So it is not right to invest all one's money in bitcoins if he has to sell those bitcoins after few days.  So one should buy Bitcoin according to his/her ability and hold it for long time.  But if someone can buy whole 1 bitcoin then it is very good for him

Just accumulate it over time, like purchasing it every time you get your salary. Just get a small amount of your salary intended for buying Bitcoin because right now we can't afford one, which is mostly the case right now because you see that the inflation keeps getting high, which means we really need more money, so if we do have that extra one, we can invest in it by purchasing a few sats on Bitcoin. It may be small right now, but overtime if you continue purchasing, it will grow, and we don't know if we can accumulate a total of 1 Bitcoin.
473  Economy / Economics / Re: what do we thinking about investment target? on: August 23, 2023, 01:39:30 PM
An 8- to 5-hour job won't make you rich, but it can help you survive and give you money to invest. I wonder, if you don't work, where do you get your money to invest, and what do you do to ensure that your investment will always yield profits without losses? You are right, business investment is our way to get rich, but it's easy to say and how many people have done it? It's not as easy as we're saying, so investment is necessary, but maintaining the job is also essential. In my opinion, we need both, not just choose one.
Well, most of the people said that but yes it is true but then you can still get rich even you work 8 - 5 if you will find another job instead of resting after work, the only thing that it is not good with this is you will easily burnout, I already tried that. So now I am not working for a company now since it gives me burnout I rather get tired working as freelance but earning as much as I do when working 8 - 5 in micromanagement.

That is really the problem: you can't get rich if you work only 8 hours a day unless you have a high salary and fewer expenses, which is favorable for most of us. The reality is that people are working multiple jobs and rendering more than 8 hours of work just to cope with their expenses, but again, the sad truth is that they aren't getting rich. The point really is that there are people who start businesses small and their capital is small, and mostly that capital was that they got it from their relatives or took a loan, then they put it into business, which over time they are earning well and that makes them rich.
474  Economy / Economics / Re: Which problem will you choose to solve? on: August 23, 2023, 11:52:16 AM
From a moral point of view, of course, solving the problems of the poor is best, but from a rational and practical point of view, solving the problems of the rich is best.

So surely the answers will differ according to the nature of each person, some people are overcome with emotion and pity the poor even if they know that they will not get much money for their service or perhaps they will never get it.

Others overcome their mental thinking over emotional thinking, so they will definitely choose to solve the problems of the rich because it is the best way to get money, and it may have more benefit to society from their point of view because the rich provide jobs for the poor.

As long as you can solve a problem, then it is good because it doesn't mean that if you focus on poor people, you won't gain a profit. It is almost the same with rich people because there are many people that still need to buy it because it can help them, which is also the same with rich people, except that those rich ones are expensive and you can easily accumulate a profit. But again, most businesses right now have a purpose other than earning profit, which is why they are targeting both.
475  Other / Archival / Re: How to manage bitcoin correctly? on: August 23, 2023, 09:38:26 AM
Selling your bitcoin in order to invest in something else to me, is not advisable, considering the general situation, especially the coming of the bitcoin halving. The price of bitcoin will rise again and possibly go above $69000 and more, so there is  hope of making good profit at the end of the day. Unless if you need fund for very important and beneficial project, then you can sell a little reasonable and suitable amount, if not, l suggest you still hold on.
the best thing that he need to do is holding it until the next bullish market trend, that's was good advice. I personally will try not sell any of my btc for anything until it's price reach the peak at bull run. I think it will be better for him to make a plan before investing, maybe it will be good if he divide his fund into some part so he will not touch his investment fund for btc so he will not sell his btc in lower price.

Always think long-term, not short-term, because you tend to sell it off early. That is really our goal: to sell it off after a few years because that is where we see a profit. Though the problem right now is that we tend to get emotional when there are dump, like when we think to cut off our losses because we are thinking that it will drop more, but it is just a short dump. Again, it may be easy to say that you will sell off the next peak, but the problem is that if you can overcome the obstacle of holding it, meaning there are dumps along the way, are you not tempted to sell it off, or you think that it was the peak but it turned out not to be?
476  Economy / Economics / Re: Running faucet business in 2023 still possible? on: August 23, 2023, 08:13:26 AM
The irony with this is people who have experienced faucets back in the day and are saying that it's a waste of time, have probably changed their minds when it increased in value now. You could've got a lot of money if you managed to do it religiously.

For business purposes, maybe you can do it with research of it first and see if there are still existing faucets that run their business now.
Without a doubt we were wrong about it, there were many faucets and someone that mindlessly clicked the many ads to claim from a faucet and was smart enough to not spend it and did so for at least a year would have accumulated a decent amount of bitcoin, this is why some people are trying to replicate that success and want to claim from faucets as well, however the circumstances have changed since then and it seems that this time faucets are really a waste of time for everyone involved.

When the price of Bitcoin jumps, the sats that you are claiming every hour are too few, and we know that before it is also a waste of time because you can't get enough sats if you don't claim at least a year on them, which is also the problem as others tend to close down when they see that there are people that have already accumulated Bitcoins, so it is still a waste of time, and always you are just making the owner rich because he is earning per unique visits on the website and also by accidently clicking the ads.
477  Economy / Gambling discussion / Re: Typical scenario when you are losing on: August 23, 2023, 05:30:13 AM
When I lose in gambling, I also find some of my behavior similar to what you mentioned. I think every gambler has some of these reactions when they lose. But not all cases will be the same. Once a times in my gambling life where I bet all night to recover my losses. Sometimes I recovered that loss and most of the time I lost my bankroll. When I lose a lot of money my mind gets depressed and naturally, I feel worried. But once a day passes, I can forget about it and I can easily go back to my gambling life.
Whether it's day or night, you will eventually lose your bankroll if you are chasing your losses because that isn't a recommended thing to be done by any gambler. One should gamble and then simply accept the outcome and move on. If you have won something big, that's great, and you should be happy about that, similarly, when you lose some bets, you shouldn't try and chase that but you should just feel bad which is natural and then just continue normally.

When you get emotional, and have a mixture of feelings like sadness, regret, anger, and frustration, that is when you lose focus and you might even start betting recklessly causing you to lose more money eventually. So it is better to just stay calm and collected when you are gambling and don't chase your losses.

Focus will allow you not to fall from those emotions, you just need to work on your self-control each time you are playing / betting the more you control the better for you not to be carried away and lose everything, it's something that you needed to make sure not to let go, you have that capability to if you are focusing with the emotion that you have.

Losing is unpredictable. It's more on how you deeply do your research and some luck that will avoid you to
lose your money from your gambling activities.

In every aspect of life, you really lose, but how much more on gambling does the house mostly win? Though I know there are games that are skill-based and luck-based, most of them are about how lucky you are. The skill-based games will increase your winning percentage if you know how to play them, but again, the big factor is luck.

Self-control and discipline are really the keys to not losing more because you can end the game and walk away if you are losing rather than chasing it up out of greed to get back your losses.
478  Economy / Gambling discussion / Re: Quit gamble! Easy or Hard? Let's talk. on: August 23, 2023, 04:30:13 AM
Apart from a strong determination to completely leave gambling, we also need to distance ourselves from the gambling environment. Most people who are interested in getting into gambling are very much influenced by their surroundings, so it is better if we decide to stop playing gambling to immediately avoid and get out of that environment. If not then your determination will falter and return you to gambling.

In that sense you have to isolate yourself from the environment around you until you are able to control yourself and have a strong and unshakable determination to return to gambling.
Just like the environment one stays in plays a major role into being a gambling addict or not, another key factor that contribute into people being a gambling addict is the company they keep, and lack of jobs, because due to the high rate of unemployment & poverty in most places,  people have now dive into gambling for the purpose of easy cash out, since it offers the ability to predict and win, they continue giving it a try hoping to someday win a life changing money. Which in most cases, never comes.

It may be a factor in it, but again, that is really natural right now. The government is providing jobs to those unemployed, but again, not enough, as we can see that the unemployment rate keeps going up. Also, also with your company or circle of friends, you can leave them or don't hang with them if you really want to quit. Though that is where the difficult words begin, there are tons of factors that affect you, such as just browsing social media and seeing an ad about gambling, which again factors into the fact that you can't quit and play it again. It is really a matter of discipline and controlling yourself.
479  Economy / Trading Discussion / Re: When Trading becomes Unfavourable on: August 23, 2023, 03:30:13 AM
There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, 
Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade.


Better to find a trading pattern, and trading strategy to your side because not as always others strategy is working on you and suitable on it is to change every time it doesn't work, also make a backtrack with your trading mistakes, this serves to you as a guide and identifier with your trading activities. I know this could be an expensive learning but this is part of the trading journey of course, if your not too much confident why not take a try with the scalping or spot trading for a while.

That is really the problem of newbie traders; they tend to copy the strategies of others or, like, even those posted on Youtube, and they think that it will work on them. But I am also one of them. Before I asked my friend what his strategy was, he explained it, and when I tried it, it didn't work on my end. I kept losing. This is because it may work on others as they really learned their strategy and they really understood it as they made it, so you should also make it for yourself.
480  Economy / Economics / Re: Which problem will you choose to solve? on: August 23, 2023, 02:40:12 AM
Population-wise, there are more poor people in the world, meaning there are more customers, which means goods for business. You can't say that they don't have money, but they will still find a way to purchase them, so you'll still be gaining profit from them, and you can also help them in a way that you are also earning. I remember someone who is selling food for a nearby school, and his food is so cheap that those poor students can still eat even though they are only short on their allowance.
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