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541  Economy / Economics / Re: How to reduce the price of goods on: September 21, 2023, 11:13:35 PM
Food prices continue to skyrocket in monopoly countries, which is not one of the causes because if you look at the Nigerian National Bureau of Statistics (NBS), in a new report, it is said to be due to inflation. The government should be present and not blame the sudden surge in demand and the sharp increase in higher import costs.
If this is caused by inflation, of course the government must move quickly enough to overcome this so that it doesn't drag on for too long because now there are several methods that can be used by any government to overcome the inflation that occurs in their country. Even though this will not disappear immediately, at least the government is willing to show its efforts to fight inflation to the public so that people's feelings can be a little calmer in such difficult conditions.

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Nigerian authorities should anticipate that inflation will remain in the double digits, averaging 17 next year. This economist says high prices are eroding people's savings. Inflation continues to rise and this has pushed Nigerians into poverty. The reason why this is happening. Inflation that is making Nigeria so poor is the fact that food inflation continues to increase from one state to another, from month to month comparison and that is a result of the increase in the price of diesel.Because it is diesel that is used to transport foodstuffs and also the level of insecurity in Nigeria is also making the inflation rate increase. Algeria's food import bill remains one of the highest on the continent.
The increase in fuel oil such as diesel actually has a very bad impact on the economic sector because the increase in price can cause excessive transportation costs which can result in an increase in food prices which makes it difficult for all people. Regardless of the neighboring country Nigeria or the states there, I think the government needs to move to overcome this as quickly as possible because they themselves definitely know where the basic causes are so that inflation can arise there.
542  Economy / Speculation / Re: What is your anticipation on bitcoin market capitalization as for 2030 on: September 20, 2023, 03:09:12 PM
I don't wanna jump that fast mate because there are even longer that we need to wait like 2024 halving and the 2028 .
why jump fast in 2030 ? this is not that actually why we have to understand , instead we must develop our trust for the next halving.
why have you asked this? are you planning also to invest for that long term?
Maybe he already has the intention to invest in the long term so he asks for a price prediction which looks like a very far jump without looking at the two clear halving periods that will occur before 2030. But on the one hand I think that for now he is already thinking about predictions for the year 2030, our own brain and mental energy will be drained more because in fact everyone will also take advantage of the halving moment by ignoring things that are not important and still have more time to think about it after the 2024 halving occurs.
543  Economy / Economics / Re: Early Retirement [Pros and Cons] on: September 20, 2023, 02:52:52 PM
One more thing in my opinion, apart from not retiring early to maintain productivity, there is also something you need to pay attention to, don't think about retiring early if you are still single. It's a good idea to not only take into account your own cost of living targets but also take into account the addition of your partner and your children. Unless you want to stay single, that's an option.
I think the OP and also those who are single should consider the advice you say, because a pleasant life is when someone is married and has good offspring. And usually people who give advice like this are also based on their own experience regarding early retirement and single life, but it is good enough advice for everyone so that they don't choose the wrong choice in their life.

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In my opinion, the passive income target is at least to cover living costs and for future investments, only then can you retire early, if you can build large assets. As long as you still want to be rich, and your lifestyle becomes simpler, your assets will increase. Because sometimes we have to think about retiring early so that our health is maintained. But there are also things like my friend who retired early from his job because he was focused on being with his family, apart from because he already had passive income. 5 months after early retirement he was stressed and sick, then finally consulted a psychologist. The psychologist said that because my friend was used to regular activities, when he entered retirement he had no activities, relaxed, relaxed, his body became sore. So don't ever retire, currently my friend already has farming activities, besides investing.
People who are thinking about early retirement usually have made more mature considerations in their lives so they want to choose that option because they feel it is much better for themselves and their income too. You cannot equate everyone's desire to retire early because not everyone has the same job and there are many people who have more than one job. So if all of that has been considered carefully enough, I don't think it would be wrong for someone who wants to retire early as long as he doesn't feel any difficulties in his life.
544  Economy / Trading Discussion / Re: Trading bots... do they work? on: September 20, 2023, 02:08:06 PM
Why didn't you even state whether you utilize a trading bot? The majority of people are aware that the trading bot is not profitable; the only individuals who use it are those who want to make money through trading but do not wish to engage in actual cryptocurrency trading.
It could be like that, but we also can't conclude everything like that because sometimes bots are also needed in trading, even if only to a limited extent. Because before the existence of trading bots, traders were also quite comfortable trading manually using the techniques they each used in the market, but now traders will certainly see how easy it can be through trading bots. So that they don't use it wrongly because not all trading requires bots.

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According to my own observations, copy trading, AI trading, and trading bots are all the same; they're just used for the actual trades. This is because it seems like the platform is paying someone else to perform the work we should be doing, so we just pass the work along to them.
Expressions like that are quite reasonable, so even if a trader doesn't use copy trading, AI trading, and bot trading, he can still do his own work as before all of that existed like now. This means that these three things are just tools for traders which can be used according to their needs, although it doesn't matter if they are not used because work can still be done as usual.
545  Economy / Trading Discussion / Re: Trading or investment! What's your take? on: September 17, 2023, 01:02:27 PM
Since i got to know Bitcoin, i have noticed that the price will continue to fluctuate because of that i do both.. trading is not my basic but i continue to learn to be able to generate short and medium term profits from the trading activities that i do (i trade 50% of the bitcoin assets that i have), while the remaining 50% of the bitcoin that i have, i invest for my long-term profits, i have heard many predictions from several experts that the price of bitcoin will reach $1 million, i am sure of that prediction lol.
As long as you can still do both in your own way, I think that's a pretty good thing and there won't be any problems as long as you're able to do it. Moreover, if you have never made a loss from the work you are doing, surely your enthusiasm for continuing to do this is still so great that you immediately believe what experts say about the price that Bitcoin will reach in the future. And sometimes I also believe what the experts say, but not for the price of $1 million for one unit of Bitcoin because logically that will not be possible in the near future or in the next market cycle.
546  Other / Beginners & Help / Re: Getting the Right Information About Bitcoin and Don't Be Misguided! on: September 17, 2023, 12:41:24 PM
I think one of the biggest problems with people "buying bitcoin to get rich quick" is that there is a lack of understanding of what money at even a basic level. Most people don't understand that money is just a representation of our labor and that the current money (fiat) can be printed infinitely at no cost which transfers the value of your labor to whoever prints the money.
It seems you already know that Bitcoin and fiat money are two very different things, even though in certain countries they can both be used for payments. But Bitcoin is always different from any fiat money because Bitcoin has a supply limit which may not increase again in the future. However, when it comes to fiat money, it is always very possible to continue to increase it even though you have to follow the rules of the state which are written in the law.

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Bitcoin takes that power away from money printers yet people don't understand this very basic characteristic of both fiat money and bitcoin.

I have decided to focus on educating people about the core characteristics of money in a way that they can understand. Once people understand money itself, they can begin to understand why fiat is a scam, and that Bitcoin is the best money in all of history.
It would be great if you could focus on providing that kind of understanding to all people from now on because currently there are still many people who don't understand what money is and what Bitcoin is so they still often think fiat money is better than anything else, even though Bitcoin is a cryptocurrency. can beat fiat money in all conditions.
547  Economy / Speculation / Re: Will there be a boom again? on: September 17, 2023, 12:11:38 PM
There is no prediction of what will happen to altcoins. So, which altcoin you will invest in is a big question mark. With the halving approaching, the most logical investment is to invest in Bitcoin. We do not know whether altcoin prices will rise or not, or rather, we do not know which altcoins will rise. So I think you don't need to risk your money. I think the best investment for now is Bitcoin.
Because the halving is on Bitcoin, it is not wrong if you advise other people to invest in Bitcoin even though on the one hand you are telling other people to forget about altcoins because currently there are so many altcoins whose potential price increase is also difficult to know when the Bitcoin halving occurs. So choosing something more logical like Bitcoin in my opinion is also the right choice for everyone at this time.

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There are solid coins in the top 10, but we all know what can happen in the market. It no longer means anything for a coin to be in the top 10. It is best to invest in Bitcoin until the market regains confidence.
The average altcoin that is in the top ten in the cryptocurrency rankings is not a bad altcoin to buy, but if our goal is to make a profit in the halving, that means everyone has to focus more on Bitcoin first, not on altcoins even though altcoins are also often experienced an increase when Bitcoin started to increase its price more in the market.
548  Bitcoin / Bitcoin Discussion / Re: My passion on bitcoin on: September 17, 2023, 11:02:37 AM
It depends on how long they hold the bitcoins. I see people constantly saying that bitcoin is a good hedge against inflation but for those who bought bitcoin in 2021, the value of their assets is even worse than being eaten away by inflation. Bitcoin has dropped more than 60% from its ATH. To me, bitcoin is a good inflation hedge if one holds it long term for at least 1 market cycle (4 years). For those who hold bitcoin for 1 or 2 years and especially during bear season, it will not be effective against inflation as it can lose 50% of its value in a year. Gold is still a better bet than bitcoin in the short term.

I have also seen a reality that is very consistent with the facts in life where gold is still better to own for short-term hedging purposes. Because holding gold for any period of time is not suitable for expecting a lot of profit from it, as for Bitcoin I also really agree with the fact that you stated that in every cycle for four years Bitcoin always increases sharply so that everyone actually needs to hunt for Bitcoin when a downward cycle occurs and holds onto it until it meets a four-year upward cycle once again in order to take advantage before the next decline begins.

Because it is very clear that holding Bitcoin for a period of just one or two years with the aim of hedging and making profits is still less effective. This is because the cycle that occurs in Bitcoin is not every two years, but every four years as you said, but I just wonder why there are still many people who don't understand this. And even still blame Bitcoin when its goals don't get where they want it to after they held it for two years.
549  Economy / Economics / Re: It ain't meant to be easy on: September 17, 2023, 10:32:48 AM
well, actually it will look easy if we do it even if it looks difficult. Actually what makes us difficult is only our thoughts. if we try to do it, even if it is really difficult we have tried our best. it is better than not doing it at all

Difficulty and ease always go hand in hand in all things, so that the assessment of the ease and difficulty of a job is only known when we have done it in our own way. Because sometimes the method taken by other people can also be easier than the method we do in a job that is no different, so difficulties are not only formed from our thoughts. But it is also formed from the way we take things in order to get maximum results without shifting from the basic goals that we have previously thought about for ourselves.

However, some people actually don't want to try doing something that they consider difficult, but maybe they don't know where to start, so up to now there are still many people who prefer to look for other, easier paths because maybe they know where to start. Even though difficulties are only visible when someone has not tried it, but when they have tried it and let's say they still haven't succeeded, someone will definitely look for solutions to solve the problems they face in order to overcome the obstacles that are in front of them.
550  Bitcoin / Bitcoin Discussion / Re: Don't wait for the bottom without buying in the Dip. on: September 16, 2023, 03:26:21 PM
when is the bottom and how much is the dip?

i believe that when the price is dumping then we need to take that advantage to  buy , and hope that the continues drop will give us more opportunity .

when we are buying , we must understand that there are no way that we can speculate exactly or predict so we must bear  with the system.
It is a must to be patient when we buy at low prices or when a decline is occurring. Because if someone is not patient enough when buying Bitcoin or something, he may not get anything and it would be better for him not to buy anything. Because people who have made the decision to buy at a low price are people who are very prepared for everything that will happen in the market and logically being patient is something that must be included in themselves when they decide to buy at a low price.
551  Economy / Speculation / Re: Should we rely on prediction? on: September 16, 2023, 03:02:45 PM
Bitcoin is a good currency to invest in one of the benefits of investing in bitcoin is that the investor can profit when the price of bitcoin is high. The value of bitcoin investment can go up and down because the crypto market is not stable. In addition financial institutions are turning to bitcoin as a low-risk asset to invest in. As technology and financial systems change the use of cryptocurrencies will continue to grow and evolve.
The growth and development in the use of cryptocurrencies such as Bitcoin will become a reference for many investors to continue investing in Bitcoin and will also create an attraction for several large institutions to use Bitcoin as their investment asset. And in the future, the goodness of Bitcoin as an investment asset will become increasingly visible in the eyes of many people if every investor can experience profits through Bitcoin investment.
552  Economy / Economics / Re: Human Capital, An Intangible Asset for a Company's success. on: September 16, 2023, 02:38:19 PM
Yes, actually humans have unlimited talents compared to other assets created by humans. but unfortunately employees are underestimated in some countries. assume these are just employees who get paid when they work, even though with the help of the employees the company runs very well. I don't feel human resources are lacking. but sometimes attention from the company, and some needs that should be the company's responsibility are not met.

Maybe this only happens in one country, because not all companies treat their employees that way. You can look at and research several other companies in different countries to find out how the company treats its employees. Because I think companies that don't respect their employees and take the employees who work for them for granted, the company will not progress and could even potentially go bankrupt if there are no employees working for them anymore in the future.

Employees are part of the company's assets so the company must be able to look after them well enough so that the company can continue to move and operate well every day. Because companies that are able to market their products quite smoothly are companies that do not have problems internally and externally within the scope of their own marketing targets.
553  Economy / Trading Discussion / Re: Trading or investment! What's your take? on: September 16, 2023, 02:14:16 PM
There are many things that need to be understood before we start trading or investing. If we don't really understand both of them, it's a good idea for us to choose which area we are good at so that if we do, we don't experience big losses. If we understand these two things, it will certainly benefit us a lot do both of these things.
It is not that complicated to understand both if we want to try to understand both well enough. For example, if you want to trade, you only need to make sure you buy at a low price and sell at a high price in a cryptocurrency or several cryptocurrencies. Meanwhile, for investment, you just need to make sure the asset you invest in is really good and very well known, as in the example of Bitcoin. So it's not that complicated to understand both of them, although everyone really needs precision and patience when carrying out these two things now.
554  Other / Beginners & Help / Re: Calm the pressure on: September 16, 2023, 01:55:16 PM

There's never a late time to invest in bitcoin. There's no competition to it. It's a market and you go to the market when  you like and when you're ready, so there's no need to induce pressure indeed. Invest when you're ready, make your research very well, get the right timing and you'll be smiling all the way.

The right time lies in a person's level of readiness when they want to invest in Bitcoin, but to enter the market everyone also needs to look at the right time because this must also be researched first even though someone is very ready to invest. But when someone wants to buy Bitcoin in the market, he must also be able to get it at a slightly cheaper price so that the profits from his investment can be quite good in the future.

There doesn't have to be any pressure if the goal is to invest in Bitcoin, moreover everyone can be very free to enter the market after making research by themselves before making an investment. But some people are just pressured by market conditions that are not always good, so they are still a little afraid to start even though they are financially ready.
555  Economy / Economics / Re: Food Crisis - Improved, Worsen or still the same in your country (No Change)? on: September 15, 2023, 09:08:40 AM
Since food is the most crucial and expensive good in my country right now, and since nothing has changed over the course of this year, it is only now that you will realise how vital agriculture is to humankind. Many people report seeing a variety of unexplainable things. Since the price of fuel has gone up, everything has gone up as well, but food is the worst because you can no longer afford even a tiny bit of food, which is affecting many consumers because some people don't have jobs and struggle every day to feed themselves; now that the price has gone up, how can they survive?
It is difficult to know how everyone can survive with food conditions and food prices that have soared, because everyone has to think about themselves to continue to earn as much money as possible so as not to experience difficulties in their lives. The first trigger is indeed the increase in fuel which can cause other goods to also increase and because of this, everyone is starting to experience difficulties in meeting their current life needs. And I even hope that conditions like this can end soon even though it seems like it will be difficult to end.

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The only thing I can advise someone in a country where the economy is hard is to go and learn anything concerning agriculture to feed because these days it really is hard. Farmers are the people who enjoy food now because they always sell their agriculture products to improve their lives and keep some agriculture stuff in their home to eat on because they always know that the government is not to be trusted and that is why they don't rely on government.
Things like that also often happen in my place, because in my place there are still many farmers who struggle to improve their own standard of living by still selling their harvest and leaving some for daily consumption. This was done because the farmers in my place have no income in other fields apart from their own agricultural sector, so they will continue to live like that for a long time. Because when harvest time arrives, the price of their harvest never becomes expensive and sometimes can even decrease from last year's price.
556  Economy / Trading Discussion / Re: Honest question, what to think about “crypto” affiliates or influencers? on: September 15, 2023, 03:05:13 AM
Just wondering for the sake of it, if crypto trading was so profitable for so many influencers and YouTubers, why would they care so much about affiliate money…? Why take the trouble of creating, editing and uploading so many videos? Does this mean that if you see any YouTuber or crypto “celebrity” pumping a product or trying to make a buck out of content, that you should run away from them? ‘Cos why take so much trouble if you are already making money with your trading? Of course not everyone is a trader, but…

Maybe those who are still doing it now don't think it is a bothersome thing so they are still quite happy doing it well even though they have to create, edit and upload so many videos to one or several platforms. Even though other people see it as a form of hard work, but as long as they are still happy to do it and never complain about their own work, I think it is fine and not a problem because it is also about how to make money through some their own path of struggle.

And maybe those artists, influencers, celebrities and YouTubers still think that trading is not always profitable and in fact it is. So they all still do some other work that can make money for themselves so they are still willing to promote other people's products through short advertisements and make videos for the things that people are looking for the most at the moment so that they can also get profit from this action. So I think there is nothing wrong with that as long as it can add to our income in life, because money will always be useful for anything now.
557  Economy / Economics / Re: World economy is now being powered by cryptocurrencies. on: September 15, 2023, 02:31:23 AM
Of course we all expected this, i mean Cryptos now are far more popular because its also one of the easiest digital currency that you can own , beside many World Class Artist/Influencer now endorsing Blockchain and Crypto products and projects. And dont forget about NFTs .

NFTs are also a new development that has embedded itself into the crypto space so all crypto lovers probably already know about this one and as long as everyone can still make a profit through it, I think no one will forget about it. Because what most people forget about things that have appeared in the crypto space is when they are no longer profitable for many people after there is a better substitute with a concept that is not much different from before.

Well, now new things keep appearing in the crypto space to make things easier for true crypto users, but what is strange is that a small number of people have also lowered their intention to own old things that can still provide benefits for everyone, that is Bitcoin. So I can't stop thinking about people like that who consciously choose something else and sacrifice the Bitcoin they once had. So I think it's a very strange thing because Bitcoin is still far better than anything new, including NFTs.
558  Economy / Speculation / Re: Buy the DIP, and HODL! on: September 15, 2023, 12:49:58 AM
In fact, it is impossible for them to miss this bearish moment to accumulate BTC. Yes, every opportunity that comes is an advantage that can be exploited. If you throw away this opportunity, it means you are throwing away the opportunity to get BTC at a low price. For me, financial strength is one of the things that can make you act more aggressively in a bearish situation, but if our finances are not too strong then the wiser option is of course DCA.
It would be a shame if an opportunity to achieve something better is just wasted by some people who don't believe in winning through profits when they have more Bitcoin. If you look at financial strength, maybe not everyone has financial strength at the same level, so it is also true that some people with low financial strength can use DCA to get Bitcoin in bearish moments like now. That is quite the right solution, but I see that there are still some who don't want to use this as an option to get Bitcoin when the bearish situation is happening.

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Some strong arguments about this decline are due to the issue of FTX which will sell their BTC holdings which has made the market situation change rapidly in recent days. This is a profit that can be obtained for those who are patient in waiting for bearish conditions to accumulate BTC. Well, on another point, it remains sustainable for the long term and you can feel comfortable with the profits that come your way, keep buying at low prices whatever strategy you use. keep buying and holding.
Apart from the many arguments that are currently being made regarding market conditions, I also prefer the argument that you express that in the event of the FTX issue, everyone should be very prepared to face bearishness by making DCA purchases in Bitcoin. Although I also don't know how long people will hold it after buying at low prices, but overall it would be great if everyone would take advantage of the bearish moment by buying more before they see a bullish market in the market which could possibly happen after this year.
559  Bitcoin / Bitcoin Discussion / Re: Elon musk is for crypto or just for attention to boost Tesla, SpaceX? on: September 14, 2023, 11:40:12 PM
After Elon Musk's biography was released earlier this week it was found he had secretly been funding doge coin so you can guess which coin he would probably be picking when he allows cryptocurrency transfers on his platform.
Currently in the works with some posts of code to a cryptocurrency wallet they have been creating and have been slowly getting approval state by state to have a currency processor license.
It is not surprising with news like this now because in the past two years Elon Musk was often associated with Dogecoin. And even as Dogecoin experiences a huge pump in 2021, besides that, I also wouldn't guess what cryptocurrency he will accept for his platform at this point. But from this news it can also be concluded that there is a full possibility for Elon Musk to accept Dogecoin into his platform when it is very possible for him to do so.

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Also it has been revealed that Elon has been a developer of his beloved cryptocurrency dogecoin.
In fact, this has been worth mentioning for a long time because it is very clear that Elon Musk quite likes and cares about Dogecoin, so he has tweeted a lot about Dogecoin in the past. However, Elon Musk also doesn't hate Bitcoin because he really understands and knows that Bitcoin is more than anything even though he has been a Dogecoin developer.
560  Other / Beginners & Help / Re: Is it too late to seek a new beginning? on: September 12, 2023, 11:43:01 AM
Without anyone's help, I began studying the forum and gradually, I began understanding some things, and I learned that bounties are no longer as profitable as they once were and that they are simply a waste of time and also I figured that I can learn more about bitcoin here.
It's never too late for anyone who wants to start learning and understanding anything they don't know, including you too. Because when you see how the current condition of the bounty is, the assessment is no longer as profitable as before and it seems like it's just a waste of time. This is when you have to get up to be better in the forum and start everything better because it will be very beneficial for yourself.

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I've been a little busy lately, which has reduced the amount of time I spend here, but I believe I'm finally prepared to embark on the path to becoming a bitcoin expert. I desire a new beginning and am hoping that my prior participation in bounties was not improper. In order to accomplish this aim of mine, I will need all of your help and guidance.
Your participation in the bounty you worked on previously is not wrong, but for now I think you need to consider new things that you don't know yet so that your knowledge can develop better. Start by managing your time in life from now on, including time for general learning which will also involve this forum, because now everyone can be guided slowly when we want to read new things that we don't know yet.
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