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541  Economy / Economics / Re: Inflation overpowers the value of money on: August 16, 2023, 12:32:57 AM
Anyone certainly does not expect to get inflation problems, because with inflation, the value of money will continue to decline and certainly makes us have to use emergency savings or sell assets, and it's time we must always get sources of income from others, for example with business, investment or others, Don't just keep quiet and blame the situation because our situation will be more difficult if we don't act immediately.
Acting must always be there because it is always far better than being silent and blaming any circumstances. From what I have observed, inflation can also occur due to a lack of natural resources which are often used for daily production materials and a lack of expertise from humans who often sell their services for various fields. So to overcome this is certainly not easy, although it is not an impossible thing to overcome because everyone has to act in their life, be it through work or through honing their skills so they can manage natural resources well enough.
I cannot agree more with you. There is no point in for hoping any change if we do not act. If we are just going to sit in a corner and blame whatever it is to blame for the inflation we are all experiencing then we are all just gonna be stuck here far longer than necessary. Find ways to battle the increasing price of the market, meaning find more sources of income and try to plan every expense. We cannot expect to find any changes if we do not change our own ways and actions.

You have a point but again it is difficult to find another decent source of income right now as most people want it again you have no other choice because you are just going to blame the government and without doing anything you'll starve and still government don't care with you, another source of income is necessary right now even it is small income like selling foods with your co-workers or any side hustle you can think off as it can add up to your salary, right now hustle hard and lets just sacrifice our free time just to earn extra.
542  Economy / Trading Discussion / Re: When Trading becomes Unfavourable on: August 15, 2023, 04:24:12 PM
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.


I know people have those natural emotions like greed, as we are humans and we feel the need to want more, but it is only about how we control it. Greed is really not good in all aspects, and you should know it deeply because if not, you'll be eating by your greed and you'll be losing more in a trade. Also, if you have a trading strategy, I dont see why you keep changing it in the middle of a trade. I mean, what is the reason you have a written strategy and you just change it? For sure, it is about emotions, which is why you'll need to control them. Make a strategy on how to control them.
543  Economy / Economics / Re: what do we thinking about investment target? on: August 15, 2023, 01:31:23 PM
I think the easiest thing to be able to earn income now is investing, many successful people become stock investors, of course as investors we must have good judgment, accurate analysis and part of it, and the next thing is to be patient, I have friends who are now rich because since school actively buying stocks which according to predictions will skyrocket and after almost 15 years it has become a reality.

This ain't easy for all because not all people have money to invest in, and it also doesn't mean that if you have money, you can now invest in it as easily as you think. You'll still need to learn countless hours about your investment if you want to be successful, no matter if it is stock or crypto. I think I would say investing is the thing that can make a person's life successful because working an 8-to-5 job doesn't make you rich.
544  Economy / Gambling discussion / Re: Between futures trading and gambling on: August 15, 2023, 12:23:06 PM
Trading is thought to be more sophisticated than gambling, which only requires acquaintance with the system and basic knowledge of how to play at casinos and clubs. Trading, on the other hand, necessitates the creation of adequate time for research and knowledge of the essential sectors expanding across the space.

No matter how much I tried to achieve at least some significant results in betting, I didn’t succeed, but in trading everything is different, to tell the truth, trading on the spot and not on the futures, so the risks are much lower. And it’s hard for me to somehow compare spot trading and gambling, these are too different things. The fundamental difference is that gambling is for fun, while trading is, in a sense, work.

The only difference is knowledge. In trading, no matter if it is spot or futures, as long as you are knowledgeable and have a proven strategy, you have a high percentage of winning your entries, and if you lose, you know why, unlike in gambling, where you don't know why you lose even if your prediction seems right, like in sports betting, where you thought that the stronger team would win, but not all the time, so you've lost that time. In gambling, it is really a mix of luck and strategy, but in trading, it is your skills that will make you win.
545  Economy / Economics / Re: What's the effect of having plenty children to the national economy of a country on: August 15, 2023, 10:35:45 AM


Generally, when a family has financial issues, they will think of this thing themselves that they shouldn't have a lot of children because they won't be able to feed them all, but when a family has no such issues, they would barely think of the economic advantages or disadvantages unless there is an official rule of not having a lot of children.

I believe it has the positive and the negative like you have said also even from the family side. What happens in the family can affect or help the country but I think like the China example, it has helped their economy. Their large population help them to grow in technology faster than they would if only they were few because they increased in joining resources and creating research to grow their economy. Maybe now they have used family planning method to help reduce the rate of population growth but their numbers help to grow them also.

It has more manpower, and you are right, innovation in technology keeps improving because there are new smart people that are changing their current technology, but right now their policy, I think it is already ended, because they see that there are more old people in their country than young people, and also because people in China got used to the policy that others tend to not want to have a child. It seems positive to have fewer children than others, but in the long run, the country will suffer.
546  Economy / Trading Discussion / Re: Bitcoin trading and gambling on: August 15, 2023, 09:21:18 AM
Holding bitcoin is not the same thing as trading bitcoin. Gambling and trading are not the same thing too. Trading require you to learn trading skills but gambling require just some strategies. Trading can be risky like gambling, but they are not the same thing. If the price of bitcoin fall already, you can invest for months or years and you will most likely gain.
Trading is risky like gambling but not as risky as gambling.  When a trader makes a wrong entry in trading then his balance is not 0 and he has a chance to recover the loss by holding those coins.  But in case of gambling, if one makes a wrong decision, his balance immediately becomes 0 and if he wins the bet, he gets the profit according to the odds. So these two things are not the same there is a big difference between them. However, leverage trading can be said to be a form of gambling, but spot trading is never like gambling

You mean holding or spot trading? Yes, that is a possibility if the coin you are holding is worth it, but if not, then you've likely lost your money. Though you are right that gambling is more risky and one wrong decision can make you go broke, they are kind of incomparable because first, gambling is mostly based on luck, and somewhat there are skills on it like card games, but still you'll need some luck on it, unlike in trading, which is purely about your knowledge and skills, which make you win an entry or lose one.
547  Bitcoin / Bitcoin Discussion / Re: Wrong way to accumulate. on: August 15, 2023, 07:52:19 AM
You also risk investing beyond what you can afford to lose which is not what any wise bitcoin investor would do. Bitcoin accumulation is not supposed to be a stressing and self-pressured process but some persons doing it in that way thinking they had arrived late to bitcoin and have to meet up, but that's all a fallacy. With bitcoin you're never late, you only arrived at your right time.

Lucky for me, I am not that kind of person that is hastily investing in Bitcoin, whereas others are in a race to see how much they can accumulate until halving, but I don't see a reason why. It is because they have more extra money that they accumulate more. They are just comparing their profits? I don't see benefits in it, and you are right, you go broke with this kind of mindset. That is why you always buy when you can just afford it, like if your salary is not enough this month, then buy next month. Don't stress yourself out by pushing yourself to buy even if you need to cut your needs because of your investment.
548  Economy / Gambling discussion / Re: Irresponsible behavior at the Las Vegas Casino on: August 15, 2023, 05:03:37 AM
When I read the article related to this, no mention about being mentally ill or of that sort.
He was drugged and I believe that's the reason why he did such embarrassing act.
That is true, he was only there for the bachelor party and his wife was 33 weeks pregnant at that time.
So I don't think, he's mentally ill to have a wife who was currently pregnant and is about to start his family.
But after this news, no follow-up regarding the case. Maybe, the family settled this quietly.
Usually casinos at Las Vegas prefer to be as friendly as they can be to their customers as they know they depend on their preference to make a living, so they can let go of a lot of things as long as their customers do not go way out of line, still I think this behavior is incredibly irresponsible as this is the kind of stuff the people around you will never forget, and what is worse is that now they have video evidence to put you in ridicule whenever they want.

That is really what I can think of: people will make fun of you after you are out of jail. That was their first thought when they saw you, but again, it has been done already, and you can escape that. You have no choice but to move on and not take it seriously, as youve already done it and it is your fault. Try to remember that whenever you are going to drink so that for sure you'll not be very drunk and do it again
549  Economy / Economics / Re: How can we improve our country's economy by on culture or ecosystem? on: August 15, 2023, 04:07:56 AM
I live in one of the Asian country and I am very much agree and I can relate this with my experience, my parents weren't so educated and they are too busy working to teach me anything about money, I wish the school could teach me about money management, and I think there are many people facing similar issue. After I get my first job, working and earning money was easier for me than managing money, the only thing I know was saving money to my account, nothing about how much can I spend for entertainment, for food , etc. I only learn about those thing and other financial thing from the internet.

Most of us are the same; school doesn't teach us how to hustle and earn money; they just teach us what is written in the book and prepare us to find a job. There is no business or other financial stuff that was taught to us; we need to discover it on our own. We know that we can learn it from the internet, but it is still good if we can also learn or tackle the basics of it in school because that is really one of our goals in life.
550  Economy / Gambling discussion / Re: Signs that indicate you are not addicted to gambling on: August 15, 2023, 02:16:43 AM
There are two easy ways to know that someone is not addicted to gambling, but right now I will list more than two but the first two are the major points to know that someone is not addicted.
  • When the gambler is not too excited about his winnings
  •   When he is not so pained about a loss
  • When they do not so much talk about a particular gamble they missed
  • When he doesn't depend on the money from winning for any project
  • When  they only play with money they budgeted only for gambling
There are some loses that can be very painful in case we don't know. Sometimes we might behave like it is not that painful to the public or to our friends but we can never forget how we were able to get that fund especially when we are not so bouyant financially. The problem mostly comes when we use too much to bet on a particular game without minding if the outcome will be against us or to our own advantage. Gambling need a lots of observation so we can know when we ought to bet and when we don't necessarily need to bet because this alone can cause misfortune.

Keeping your emotions to yourself is making your burst. I mean, there are really gamblers that are keeping their losses to themselves because they want to maintain their appearance and are more focused on what the opinion of others is. This is not helpful because of your pride, but it is better to be open about it because there will be times that you'll need their help and advice to somewhat minimize your betting.
551  Economy / Trading Discussion / Re: Passive income with crypto on: August 15, 2023, 01:16:39 AM

But the most common one is staking where it is just like time deposit in crypto. I usually do that in some mainnet platforms like in Ethereum, Linea, zkSync ERA, etc.

staking assets is probably the easiest thing to do. OP, be careful not to be too trusting of staking platforms. or maybe web for cloud mining. if you deposit your assets, you can lose everything if you don't choose the right platform.
but I also can't be satisfied with the APR offered for some platforms. if you have trading skills, you can use them. I prefer trading than staking. but if not, staking may be a better alternative.

Though trading is not passive income, you'll need to be awake at that time, unlike staking, but I do prefer more trading, as staking is somewhat for me not a sure profit because sometimes your funds get locked out as there are scam platforms and I don't see a future on it, unlike trading, where you can earn anytime as long as your entries are good, but the downside is that it ain't passive and you'll need to get your hands dirty to learn them.
552  Economy / Trading Discussion / Re: Is copy trading a legit way of income for beginners or just a marketing tactic? on: August 14, 2023, 04:20:21 PM
when I was a beginner, I dec
ided to study with my friend, so it would be easier for me to ask questions about what I didn't know, I saw the way he made transactions and asked after closing positions, so that over time I learned the basics of trading. , actually it's the same if we do copy trading, but after I learned the basics I started practicing on my own, but the most difficult thing was learning to control psychology, because even though I already knew something that shouldn't be done, I still violated it
Ive done the same, but copy trading is very different. If you just copy a trader, you're good, with no explanation or whatsoever, unlike with your friend, who has a discussion over it in which you can learn and still learn the basics, unlike a few newbies who are just relying on the trader they copied and then waiting for their portfolio to be green or red. What I really noticed about copy trading is that only the trader you've copied will be earning more, as he gets a cut every time someone copies his trade. For beginners, it is really recommended to learn before doing something else.
553  Economy / Economics / Re: All millions are from real estate. on: August 14, 2023, 01:43:17 PM
You should also take into consideration where it is located because there are more buyers or renters when you are on a busy street, and you can raise the price of it, but again, there are few properties that are in remote areas like mountains because a lot of people in the cities, who are somewhat rich, rent or buy a place where they can relax. This is really a good investment but requires a good amount of capital. I do prefer mostly rentals as I can think of them as passive income on a monthly basis, and I just need to maintain the house for the tenants.
554  Economy / Economics / Re: The future of Farming. on: August 14, 2023, 12:17:38 PM
If we want to make a business then the best thing is in agriculture, the price of agricultural materials which continues to increase is a good opportunity that the future of agricultural products will always increase, moreover more and more agricultural land is lost or changing its function so that opportunities and competition in agriculture are very promising .
It's true, the agricultural sector is always needed to support human life in terms of food, especially now that agricultural land is getting narrower along with the need for housing. and of course the need for human food cannot be avoided, therefore the defense sector is increasingly important, and must increase in terms of quality and quantity, in line with the increasingly advanced human mindset in terms of hygiene and the increasing number of people

That is really the problem because people also need housing, and we know that the agricultural sector before turned into housing as most of the farmers sold it off because it got too expensive to plant crops. We should really support the agricultural sector mostly right now that those fertilizers are getting expensive and the price right now is also too high when buying raw foods, and the biggest problem is that those farmers are mostly not getting any profit as they sell it off cheap but when it arrives in the market it gets expensive.
555  Economy / Economics / Re: Elon Musk and the fall of Twitter on: August 14, 2023, 11:15:55 AM
I think he did not spend a lot of money only for destroying something that he bought. Until now, I only see that twitter that we called X is become something that become trendy again. Buying Twitter is good decision because it has so many users and controlling this platform can give benefits to the owners. If I have something like twitter then I will maximize it for free advertisement for me, so my product will easily sold out.

Of course, Elon Musk is a businessman so I'm sure he did not just buy Twitter (now referred to as X) to waste money. I'm sure he has plans to maximize the platform he bought. However, X's popularity is low now compared to the then status of Twitter wherein a lot of users are active and maximizing the platform's features. As for advertisement, a lot of merchants prefer using Instagram for it, specifically the story feature of the platform wherein they can easily and effectively advertise through pictures and videos, you will see that most brands are more active there. I think Elon Musk is trying to rebrand Twitter, as X feels more chic and sophisticated compared to the old look of the social media platform.
They are using it as a part of the Everything app, and Musk is planning to have an Everything app like WeChat. Musk is wanting an app that the people will use for basically everything, like paying from it, booking a taxi, finding foods, social media, and everything else you can think of. This is really one of the reasons why he bought Twitter, and on top of that, he is making profits from purchases on it. But right now, I do see more reasons that he is really integrating this into his app, and let's see what the outcome of it is.
556  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins profits or bank profits, which best? on: August 14, 2023, 10:09:48 AM
Bank investors have more certainty because there capital is completely safe but they give 8-10% annual profits to the investors of per year. But it is comparatively less in terms of profits.

On the other hand you will get constant profits from crypto as if you are experienced in trading then daily profits is possible. Otherwise you can get profits by investing. However crypto investment puts your capital at greater risk (main point).
It really depends on the person because not all people want to take a risk like we know in investing in altcoins because there are a lot of risks because of volatility, and there are also people who want a safe one like in the banks, and it doesn't matter to them if it is just a low profit or a sure profit. But right now, most of the people here want to take the risk because we know that no risk means no profit, which is why they are just investing what they can afford to lose, and if that investment is successful, it will save you time than investing in a bank.
557  Economy / Economics / Re: New Research found Work from home workers to be less productive on: August 14, 2023, 08:55:28 AM
I beg to disagree with this publication, it's their view but it doesn't matter if you are working in the office or at home, all that matters is to get the job done and be gainfully employed as a citizen of a country. In that way, you will be able to live the good life you desire and will also be able to transact financially among other people in the country which is what encourages the economy.
No, no, that statistics is actually true and I'll explain why it is true. When you are at home, you are more relax than in your office. At home, we all have habits of drinking beer, watching TV, doing some random staff, home is a very different area where we were always relaxed since our birth. Also, if you are not alone at home, it's very hard to keep your attention on work because parents or siblings will sometimes call you and or attach you some duties. That's why a lot of people that I can confirm from my personal experience, buy a membership of special co-working office spaces to feel the atmosphere of the working environment, be more focused on their work and less destructed by others. Definitely, it doesn't apply to everyone but it's true for majority of people.
Though you have a point because of the distractions, and for sure you've experienced it, I've been working remotely for a couple of years right now, and I've met up and talked to tons of people that are working remotely, and even I've joined a group, but all of them say that they don't get distracted when it comes to working remotely, meaning they develop a focus so that even if those distractions are there, they still continue to work, and right now they will say they are not distracted to work, and also they have their own work space where they are working. From my personal experience, as I've worked in an office before, I am less productive in an office than here in my remote job because, by the end of the day, you'll need to report what you've done on a day, unlike in an office where there were no meetings; you've just casually gone out, and even if you haven't done some things, it doesn't matter. But again, that is what I've noticed.
558  Economy / Gambling discussion / Re: Minimum Age to gamble on: August 14, 2023, 06:42:46 AM
~snip~
That is why gambling is only recommended for adults and it is highly not recommended for people who are underage to carry out gambling activities because those who are still underage do not understand and even continue to think that gambling can provide big money returns and every defeat will definitely be replaced by bigger wins but in reality it's all wrong and will only lead the younger generation to become gambling addicts who can't control themselves.

It's a good idea to first give the younger generation some insight into trading and gambling so they can understand which is better for making money and which can only be used as a means of entertainment.
Indeed gambling is for adults and not for underage people. But the problem is that the convenience of technology as it is today has provided opportunities for minors to gamble, and they can visit any casino easily. I even heard that one of my neighbors found out that their child was playing local online slot games and was under 20 years old. Each parent must prevent this by educating their children properly so they do not go wrong.

And if they are with their friends, we should remind them to be careful and not do bad things. Providing understanding to the younger generation is something that must be done by parents so that they can understand what is good and what is bad. And parents also need to understand what their children need instead of giving everything their children ask for.

Modern technology indeed have its own pros and cons mainly about this topic. Sure technology helps our lives to be more comfortable as we can almost do anything with just a simple swipe of our hand on our gadgets but for the cons like online gambling, parents will have more difficulties tracking down their children specially if they don't know how to take advantage of the technology itself. And if you are a parent in a 3rd world country, there is a huge chance that you don't even know these things work, so you can already imagine how hard will it be to know what they are up to.

Mostly parents are that they are not that keen on using technology which is why they tend to make good on parenting like my generation this is the generation where technology, smartphones and computers are rampant and our parents don't know to use it or scared to it which is why my parents really told me about those things and also I've open up, though the problem with others is that their parents are too busy and also their parents dont treat well them that is why they tend to be unguided and end up to those bad stuff.
559  Economy / Economics / Re: Would You Consider Adding Bitcoin to Your Retirement Savings on: August 14, 2023, 04:31:14 AM
It does sound like a good plan because by the time I am gonna be retired I am sure major changes will be done in the Bitcoin adoption. It’s gonna be around 36 years from now that is huge period of mega adoption of the Bitcoin. On the other hand I am already used to buying and holding my bitcoin since couple of years now and I am doing great as sticky holder. I think by the time I reach a decade or something I would be in good position. This will definitely help me a lot during my retirement. One thing I will have lot of bitcoins and second thing the world would be way more friendlier to Bitcoin than the current timeline. So yeah I am up for this idea.
Correct. If we can see good potential for Bitcoin adoption in the future then of course saving bitcoin / investing bitcoin to be included in a retirement savings fund would be a pretty good idea. Because savings are of course only funds that we set aside, of course it doesn't contain too much risk. But of course, including bitcoin in our retirement savings does not mean we only save in bitcoins. But of course we also prepare in other ways for our retirement.

It has really good potential because, as you can see right now, a lot of people are investing in bitcoin and also keeping it for a long period of time, but that is called investing, not saving, because in saving there is no risk, meaning your money will not increase or decrease because that money is intended for something and you can't afford a risk. That is why others will invest using their savings because they can get a profit and it will not take them long before they achieve the certain value they want.
560  Economy / Gambling discussion / Re: Can i make 100 $ daily from online casinos on: August 14, 2023, 03:24:52 AM
-snip
And don't get me started on sports betting. Predicting the outcome of sports events isn't a strategy; it's a roll of the dice. Sure, you might guess right once, twice, or even a dozen times. But it only takes one upset to wipe out all your gains
well, in conclusion that all types of bets in gambling will not be able to provide regular income or fixed daily income because even in any type of bet in the long run you will definitely lose too because in casino games the longer we bet we will lose because the house edge always wins and also sports betting, indeed in one month sometimes someone always wins and earns, but in a few days a streak of losses or a large loss will definitely occur because you feel confident because within a month you win in a row after that add up the amount you hope to win in greater numbers a lot but its a shame the opposing team made a comeback and ended up losing.

Not as a guarantee that you can win in every session that you participate, gambling always have that big risk even you think
you already have that good strategy to win more.

In a case that you keep placing your bets in hope that your strategy will continue to work and provide money making opportunities.

But in reality, a single mistake will push you to aggressively try to win more or recover and lose your money again and again.

That thinking that your strategy is working is where you'll lose more as you bet more. I've remembered before that one of the strategies on a bet is multiplying your losses so that if you win one time, you'll get it back, which leads to more losses because you can't think of losing 10 times in a row, meaning you've lost a lot and you can't bet any more as youve lost it all. Ive tried this and I've lost a lot.If you have a strategy, then make sure to put a budget in place and don't go over it.
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