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521  Economy / Economics / Re: The whales stirred. What should we expect? on: July 22, 2023, 07:12:25 PM

This is just business, I guess. With the situation of dedollarization and inflation, many investors, including those whales, would not want to exchange their Bitcoin for fiat and hold only fiat. This is because they know how they will be faced with the inflation rate and dedollarization. Even if they are going to sell off their huge amount of Bitcoin, the Bitcoin market will not have any new experiences that are worse than the past. It definitely will be what it used to be; the market will crash a bit, and before or after the halving, the market will still take a bull run. Perhaps this is not even a good price to sell off their Bitcoin; there is a bull market coming, which is when those whales can get more profit. By the way, I was reading a new article where they said the Federal government sold about 8,000 bitcoins (I can't remember correctly). just my opinion.

It's likely that the whole cycle will repeat, but maybe it's designed that way so people will expect the cycle to repeat after the halving, whereas everything can happen before the halving. The whales are clearly frozen in anticipation. The hardest part is getting over the uncertainty, which is why many people can't stand it and sell their coins.
522  Economy / Economics / Re: Population: Economic strength or weakness on: July 21, 2023, 10:23:58 PM
I particularly don’t agree that underdevelopment in certain countries are caused by overpopulation although overpopulation seems to be a common factor in underdeveloped and developing countries.
While bad governance from the government would always top the list on reasons on why those countries remain underdeveloped, literacy rate also is a key indicator on why any country would remain underdeveloped and overpopulated.

In a lot of places where there is little or no government intervention, unemployed people who go idle all day tend to mostly find the time to procreate with no little thought of the aftermath. Babies would be born into poverty and the cycle continues further increasing the gap between the wealthy and the poor.
Overpopulation could be a blessing to a nation as well as a major problem. It falls down to the government and also the people on how best to make use of the potential in Human Resources.

 Peasants usually have many children - someone has to work in the fields. But today's children don't want to work in the fields, they want to go to the city. There are not so many jobs in the city, and entrepreneurs like to use cheap migrants. So there is a situation where a large population is a big problem. There are jobs, but few indigenous people want to work in hard jobs, and the easy jobs quickly run out

523  Economy / Economics / Re: Building a prosperous business on: July 21, 2023, 10:19:00 PM

As much as you are right, i still have to state that the number one killer of a good business idea most of the time is running such business on borrowed funds, borrowing to start a business at the very initial stage is such a very bad idea to be honest with you, it is much better to borrow to expand a/the business than borrow to start it up, this is because at the initial stage of starting a business, there are many uncertainties, like not being sure how the business will do, like not being sure if the business will really sell in the area where it is, this is enough to worry about already, having to also worry about how to repay a borrowed money is just making matter worst.

So its way better to start your business with your own personal fund, have peace of mind even if the business is not doing as expected in that initial stage, in the future when things become far better than the beginning, you can borrow to expand the business if expanding becomes really important.

Unfortunately, a person who has ideas has no money to start a business, and a person who has money has few ideas about how to use that money competently. Therefore, borrowed funds are still a way out of the situation - but for this you need to have a clear business plan, as well as understand the essence of the business.
524  Economy / Economics / Re: How much food can you store for survival?3 on: July 21, 2023, 10:15:26 PM
All you need to survive is a three-month supply of cereals, seeds, a supply of water or wherever you can get it. Some people advise chicken, but it is very problematic to have it in an urban setting. But you have to consider that there will be crowds of hungry people around who have not had time to make any supplies
525  Economy / Economics / Re: Inflation is making a mess of my savings. on: July 20, 2023, 07:25:37 PM
Even before the inflation went high and before the pandemic, people were already having a hard time earning money for food. How much more now that everything is expensive, they struggle more? Those people who are saying to be ready must be in the middle class or rich class because they can be ready on it, but we that are below them, no matter how we say we should be ready, our finances can't. No matter how we say it, I know we need to find another source of income, but still, it is very hard to do it unless you are already earning a lot.

It is now very difficult to have any source of income as artificial intelligence reduces earning potential, although television claims otherwise.  Wage levels are not changing, but inflation is reducing purchasing power. And there is no single solution to this problem.
526  Economy / Economics / Re: Building a prosperous business on: July 20, 2023, 07:21:32 PM
With reagrds to quitting your job; it would be fine as long as you can sustain your daily expenses using your savings. You may create a period perhaps 12 months of your monthly salary should be the amount of your savings before you do so. One reason or advantage of quitting your job is to be able to focus to your business. No successful business have been taken lightly especially on its early stage. You need to build it foundation which is why you need to exert 100% of your effort into it. Sometimes it would work having a job and a business at the same time but expect that you would be spending more given that you'd be hiring someone to do it for yoy, or simply choose to embraace burnout by pushing too much of your daily energy;you decide.

If you are thinking of starting your own business, it is advisable to work as a manager, make connections and attract clients. Then you can start your business. Starting a business from scratch is virtually impossible today because of the huge competition in any field of activity
527  Economy / Economics / Re: Ignore this Classic Business Law or Follow Your Instincts? on: July 20, 2023, 07:17:45 PM
knowledge and instincts both play an important role in one success and I think a person should first learn and get knowledge after that he should utilize his instincts which will double his chances of winning and making profit.

I think if you have zero knowledge then you cannot utilze your skills like if you move towards bitcoin investment and don't known what is it and why people are buying it so in this situation following instincts will also be not possible to make you profitable so in my opinion both are necessary.

Getting complete knowledge is crucial as one without knowledge is blind and he cannot make accurate decision which will cause him to move towards wrong path which will lead him to face problems.

They say that beginners are lucky. Beginners act mainly on intuition. Then knowledge, caution and slowness come into play. So from time to time, instincts based on intuition prove to be more important than knowledge, which is often dulled. And intuition works well for many people.
528  Economy / Economics / Re: Can CBDC users lose control of their money? on: July 20, 2023, 03:20:33 PM
 I think that at any time CBDC users could lose control of their money. It is quite likely that a certain code will have to be entered to access the money. If a person does not please the state in some way, access to CBDC can be quietly closed. CBDC is a digital concentration camp
529  Economy / Economics / Re: Population: Economic strength or weakness on: July 19, 2023, 08:02:55 PM


If the country has a very large population, then it can create its own separate economic zone.  To do this, it needs to develop its industry and agriculture as much as possible, as well as stimulate domestic demand.  Over time, it will become a regional power (and possibly a leading world power).  

A country with a small population should enter, on mutually beneficial terms, into an economic zone centered on a country with a large population.  Such a country should fit into the chain of cooperation with other countries.  

No country can exist alone.  

At the same time, countries with large populations have a chance to become the center of the economic zone.  

Countries with small populations have no such chance.

If a state pursues the right economic policy, it does not matter how much population it has. Of course, the larger the population, the greater the economic and military potential. If the population is small, such a state can be swallowed up by a larger one at any time. Although Switzerland is small, its economic potential is quite large
530  Economy / Economics / Re: How much food can you store for survival?3 on: July 19, 2023, 07:57:54 PM
Buying more bitcoin is profitable but try to save some amount of cash for emerged purposes as you will need it and you will not be able to sell your bitcoin  at the time when the price will down. You buy bitcoin at a good price and I hope you will have still hold your bitcoin for profit so if you have then you will definitely achieve maximum amount of profit now as the price of bitcoin is above 31k$.

You will see more opportunities to get more revenue as the price goes more up during halving therefore try to be patience and wait some more to be a wealthy person. Bitcoin investor surely get the desire outcomes during the favourable condition so wait few months more to see how profitable investment it is.

If the internet goes down - and it's entirely possible - your bitcoin savings will become nothing. And you won't be able to eat bitcoin. It's intangible. So you simply need to have a two to three month supply of food. And you need to constantly be updating it.
531  Economy / Economics / Re: Inflation is making a mess of my savings. on: July 19, 2023, 07:54:16 PM
Actually there are some countries where the inflation is on peak and every citizen is working hard for handle such situations same situation is here in our country. Actually one can also not handle the inflation because of scarcity of jobs as population is increasing and the jobs become limited and the salaries are also not high to accommodate the utilities of home.

I Think it will be better for those who don't have enough income to enter into dual jobs at a same time so if one salary is not enough then other salary will easily manage one's needs. Getting job is also not easy so try to settle some business in such area where there will not such business present before so it will gives greater profit.

The problem is that no state is currently striving for negative inflation. That is, sooner or later current savings will depreciate if there is nowhere profitable to invest them. As for business, it is now very difficult to find a free niche, as all niches are practically occupied
532  Economy / Gambling discussion / Re: Quit gamble! Easy or Hard? Let's talk. on: July 16, 2023, 06:47:44 PM

It is undeniable that it is very difficult to persuade someone who is heavily addicted to gambling so that they can get out of that zone. And we can only invite and cannot force someone to leave the zone because that is their right. But it needs to be underlined, indeed gambling is their right, want it from morning to morning again and spending millions playing gambling is their right. But behind it all, don't just fulfill your rights but forget your obligations. For example; your obligation as the head of the family to guide and support. Because it's true as you said @LDL that gambling cannot be made into a profession.

Gambling addiction is a very complex problem. Cost control is mandatory, but the desire to win back and the certainty that a little more and you will hit the jackpot, very much interfere with the mind. Therefore, there should be an automatic control of costs, as well as a ban on taking credits. A player in the excitement completely forgets about all his responsibilities
533  Economy / Economics / Re: Why is bitcoin pumping when the economy is heading into a recession? on: July 16, 2023, 06:42:48 PM

The economy of every country mostly the third world countries are heading to recession and they have been in this lane of recession for so long and I can say that are used to it and that is why it doesn't affect their investment ability.
Bitcoin is known largely for resisting inflation but most times it has been proven that bitcoin is very sensitive to the happenings in the economy.
For pumping when then economy is not fine should be attributed to the halving rumour and halving that is approaching. Halving has the ability to form a fundamental that will defy the current economic arrangement.

Considering the possible imminent launch of BlackRock, the probability of bitcoin price growth amid the halving is very high. Talks about recession will give additional stimulus for growth. So the next six months to a year could be very interesting.
534  Economy / Trading Discussion / Re: How do I understand Bitcoin charts? on: July 16, 2023, 06:37:58 PM

All charts use the same type of data, it's prices at which a particular coin traded in the past. The most common chart plots all the daily prices for a given time period and connects them with a line. You can look at a chart as a visualization of the history of a coin. Different chart types use more specific data to include in the charts. For example you can include the highest and lowest price of a day to show the volatility in the charts. Technical analysis then uses these prices to find trends and trading signals to make money. A good way to find trends in the charts is to add lines with average prices on top of the main chart. Then you can see if the price drops or rises faster than the average.

The main question is, what is the likelihood of repeating price movements made in the past? Bitcoin can repeat a general trend, but if we look at specific periods, the bitcoin price can behave quite differently. Keep in mind that manipulators know that many people study charts, so they can always use an unexpected scenario
535  Economy / Trading Discussion / Re: Things that influence our trading decisions on: July 16, 2023, 06:32:54 PM

Most of the time, the trading decisions of people are influenced by the influencers that you've mentioned who are considered to be experts but in reality, they know nothing at all about the market and its movements, there are some channels on YouTube that do analysis and also gives forecasts for the market but their predictions are barely accurate, I know that the market is too unpredictable but if they don't know anything, they shouldn't influence others.

If I talk about myself, the most prominent thing that influences my trading decisions is obviously the market conditions and how they are doing at a certain time, some people make trades at any market condition and some do it only when it is either going up or going down, I do it when it's going up.

Personally, I have noticed that so-called experts sell their courses, offer trainings, etc. for ridiculous amounts of money. Now the question is: if you are a successful person, do you have the time to train someone for a mere penny? And almost all bloggers change their predictions very quickly. And in general, they make both upward and downward predictions - that is, no matter how the market develops, they are always right
536  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ICO] IAGON⚡️ AI-Based Decentralized Cloud Systems⚡️ Client App Updated! on: July 16, 2023, 06:16:49 PM
Developers said how $IAG will be integrated into groundbreaking node sharing model:

1) 🏦 Node Operators' Stake: Node operators pledge $IAG tokens, ensuring their commitment to the network's performance and integrity. As their node management grows, so does their pledge. Assuming an operator needs approximately 35,000 $IAG per node, running 10 nodes would lock up 350,000 $IAG!

2) 🖼️ Node NFT Minters: Those minting their unique node NFT will require $IAG. Using the same example, if minting an NFT would need about 35,000 $IAG:

Now, here's where it gets exciting:

With just 10 node operators and 100 individual NFT minters lock up about 3.85 million $IAG.

More detail - https://twitter.com/IagonOfficial/status/1679888656163635202
537  Local / Альтернативные криптовалюты / Re: [ANN] IAGON Децентрализованные AI облачные системы on: July 16, 2023, 06:13:33 PM
Разработчики рассказали о том, как токен IAG будет интегрирован в модель совместного использования нод:

1) 🏦 Операторы нод: Операторы нод должны "заморозить" определенное количество токенов IAG. Если предположить, что оператору требуется примерно 35 000 $IAG на ноду, то управление 10 нодами приведет к блокировке 350 000 IAG!

2) 🖼️ Нода для чеканки NFT:  для майнинга NFT потребуется около 35 000 IAG:

При наличии всего 10 операторов нод и 100 индивидуальных майнеров NFT будет заблокировано около 3,85 млн. долларов США.

Более подробно - https://twitter.com/IagonOfficial/status/1679888656163635202
538  Economy / Trading Discussion / Re: Can gambling and crypto trading be considered as skills with $10k gain a month? on: July 15, 2023, 08:00:43 PM
For trading maybe, as long as you are skillful and then you have a decent capital but for gambling I doubt it's possible, maybe you can only lose an amount like that. Investing is another activity although when you put something, be it time and money, it can still be called as investing.

We shouldn't invest heavily but we should only invest what we can afford to lose so that all aren't going to be hard once we fail. Skills are still possible in gambling but luck is what you need the most to be successful in it. Trading is risky just like in gambling but the risk can be minimized depending on our skill. In gambling, the limit of minimizing risk was a little higher.

If you are trying to make money playing anything, your success depends mainly on the luck or mistakes of your opponent. In trading you also need luck, but you have the tools to predict the development of events. Therefore, you can make money faster in trading than in gambling
539  Economy / Economics / Re: Why is bitcoin pumping when the economy is heading into a recession? on: July 15, 2023, 07:53:28 PM
Bitcoin has proven many times in the past that it is the most resilient against economic crisis and inflation. Many see it as an asset that is called "Digital Gold". Having a limited supply makes Bitcoin a perfect weapon to fight against the inflation problem. Also, big companies are showing more interest in Bitcoin recently. They are using Bitcoin as an investment strategy to grow their share value.

Maybe it will make no sense right now. But that does not matter here. If you are a believer, then keep on hodling. The next halving is coming soon. That will also bring a positive vibe to the market soon. So ignore all these small details and look at the bigger picture. The bulls will be back again.

When a country is in a recession, money depreciates rapidly. Therefore, people start looking for relatively safe and highly liquid assets. Bitcoin is versatile, it does not depend on government laws, and it can be bought and sold off-exchange. Here are some factors that contribute to the rise in the price of bitcoin 
540  Economy / Economics / Re: What is the difference between banks and big whales in crypto? on: July 15, 2023, 07:44:43 PM
The only thing that seems somewhat similar between traditional banking and whales in crypto is in terms of profit-making. Low interest on saving and high interest on lending is the way banks make profits. In the case of crypto whales, they buy in the dip at a low price and sell them when the price is high. That's their way of making profits.

Other than this, I can not find any other similarities between them. The banking system is an organization that is controlled by multiple entities. on the other hand, a crypto whale is a single person (in some cases could be a group of people) working alone on their own. They do not provide services as the traditional banking system does.

Differences are a lot but similarity is only one which is also not 100% accurate. So I won't say that they do not have any differences. They are different in many ways.

Crypto-whale can quietly issue its own cryptocurrency and make it recognizable. Banks have to operate with currencies for which there is demand. They can't create the demand themselves. Banks are run by a state-owned bank, and Crypto-whale does what it sees fit.
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