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61  Economy / Economics / Re: Do you think Bitcoin can end poverty? In a nation today on: May 13, 2024, 06:39:12 AM
For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Poverty is a complex issue, and Bitcoin alone cannot eliminate it. However, it could be one tool in the fight against poverty, although its potential remains largely theoretical.

Bitcoin might help by providing financial access to the unbanked, especially in areas with limited banking infrastructure. It could also facilitate cheaper, faster remittances for migrant workers, and act as a hedge against inflation in regions with unstable currencies.

However, access to Bitcoin and the technology to use it remains a significant barrier, especially for those in extreme poverty. Additionally, Bitcoin's high volatility makes it an unreliable solution. Relying on price increases for poverty alleviation is risky and unsustainable.
62  Economy / Economics / Re: A lot wealthy people not smart they just use debt on: May 13, 2024, 06:07:16 AM
I spoken with my old friend he use to live in nyc around rich people he asked their business most of them said.
That it's debt they borrow money invest real estate buy to lease and sp500 and Even in crypto since many of them use llc options as company investors they not worry about
And they say markets always goes up
So many people just using the borrowed money nothing personal for them it's just game If they win they win If they lose then might be collapse but they are use to that after each crash wall street get bail out.
So a lot people are in high debt and they keep getting to make more debt a lot people using debt to invest.
The real estate prices not coming down so easy because there is a lot buy to lease deals.
And a lot gamblers are rich not smart just rich they. Was lucky because of good credit score.
A lot of markets are run by debt a lot investors using borrowed money not their own money
You guys tell that don't borrow to invest but that's not the case a lot people borrow money and invest and they not even worry about because they know markets will always bailed out and ATH after ATH always will be.
I mean the investors who are in debt are care Free they keep borrowing the funds and that's actually bullish and that's actually bring inflation
Also you in western financial world you don't have to pay fully your debt to increase your credit limit just keep paying few months and you could get more credit and you can invest more this money and If you are lucky you could make fast return pay back the loan and getting the bigger loan and more credit you really don't have to ask when banks see you play with money a lot they give phone call with offering credit to you more.
So until this huge borrowing and debt don't stop inflation not going down any time soon.
People who invest on markets they know more they borrow more higher the prices going the banks knows it too and when we look at the debt clock the debt growing bigger and bigger.
So a lot people are just recless they borrow care free and invest because a lot of them belive that markets going up always
All of this Will put the average worker Under bad situation when cant afford pay home rent neither mortgage and neither to own...because the bankers give a lot money really u don't have to pay even full amount you did borrow just pay some of it and you will receive phone call from the bankers ,hey we have good offer for you we can increase your credit limit
So you really don't have to be smart or genius just be brave and care Free and take the loan offers pay something and get more invest more borrow more and that's how a lot people do it a lot business is on debt huge debt If you Are in USA UK Europe au or Canada and you don't use that opportunity the easy credit then you miss good opportunity because those countries banking system is built the way to give you a lot easy credit even If you not paid complete funds you can get more and they really call you to take more credit.
So we live in the credit and debt economy and some people predict crash of this i don't think so because Banks not interested of collapse or value of money or lower inflation they don't care about they can keep doing this If inflation going too High well they do little rate hikes but they never stop it because they cant stop it anymore.
I think it's all clear now that in order to survive we have to keep borrowing to pay old loans from new loans
No political partie want to make that decision to let economy down and stop borrowing it will be hard decision not Biden not trump and not anyone others they will kick the can further on the road.
The all globe Will be in debt and i guess If it getting too much goverments just delete it and it all Will start again all over the new circle
There is clear message to people borrow reclessy and invest don't worry If it all get too much we delete your responsebility and start all over again.
No political leader will stop it they always borrow more and then they just give debt forgiveness so nothing valued it's all just the game those who borrow reclessly and gamble and invest will get rewarded for their actions of bad decions while the honest clear minded person hard working with good responseble mind will get punished by society so it all show's something to us nothing have no meaning just go and take get be greedy don't try act like you Are some person who try to live perfect way just go take it what you can don't worry too much because those who do this are rewarded by the society.
And Biden goverment is very good example of this nothing has no meaning and nothing has no value just take yours while you can nobody don't reward you If you act like normal person with hard working mind Biden goverment don't support this they support chaos just out of normal order living not just biden but UK Canada Europe moving to the same Direction.
Gone are those days when you get rewarded for your hard work and that you act with respondible mind and you do right things now our world moving to chaos of order when more miserble you are the better life you will have and those who don't gamble on the markets just working hard Will get less and less and they will be ones who pay high price of inflation.
That's why prices going up Banks borrow so much money that people can consume more than factories can produce If you as honest working person don't consume so much then someone who gamble with easy money Will consume 10 times more If you so that's why prices going up Because those who use easy money and line of credits they Will consume and buy things so much that demand is higher than supply.
When we had economy Crisis 2022 then there was report that Luxury cars had record sales offf course easy credit from the Banks
Banks don't care they can print the s..t out of the world

Debt can be a powerful tool if used wisely and with a high risk tolerance.  Many people leverage debt for business ventures because seizing opportunities often requires quick action, and waiting to save enough money might mean missing out.

However, borrowing to invest in highly volatile assets like cryptocurrency comes with significant risks. While some individuals understand the loan system and have risk mitigation strategies in place, this isn't the case for most people.

For the majority of us, loan is typically used for personal needs rather than investments with the potential to generate income. This makes using loan for investments a particularly risky strategy.

63  Economy / Economics / Re: Take care of your money and learn to save. on: May 13, 2024, 05:23:10 AM
People's financial situation is not always the same as we have enough money now but in the future we may not have enough money to spend. Now we have enough money so now I will go out of my way to spend money as I want for no reason then later when I don't have enough to spend but no one else will give me money to spend. It is a fact that as long as you have money and as long as you spend money behind others people will speak for you and people will be with you but if one day you want to walk with them without spending money then you will find no one to walk with. Since money brings people closer and money drives people away, money should be given the most importance. 

The amount of money that we are earning now is divided into several parts and the remaining money is the money but if we want we can invest or save so that if there is a financial crisis in the future but this saved money will support us well. 

We must be careful about money, if you are careful about money then there is no problem if people call you stingy because some people's job is to say bad things about others.

I agree that saving is crucial because our financial situations can change unexpectedly. My suggestion is to build an emergency fund of at least 3-6 months' worth of income while you have a stable job. This safety net can provide a buffer if you lose your job and need time to find a new one.

It's also wise to review your spending regularly.  Ask yourself: Am I spending on needs or wants? Can I cut back?  This can help you save more.

As for the statement about needing money to maintain relationships, I disagree.  It's possible to build relationships based on things besides money, such as shared knowledge, experiences, or values.  While it might not always be easy, it's certainly achievable if you bring something valuable to the table, even if it's not money.  Grin

64  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [Bounty] Enterapp | 🚀 $40k worth of Tokens 🚀 Pre-Sale is Live - 0.001$ on: May 13, 2024, 03:24:59 AM
AUTHENTICATION POST

Bitcointalk username: sekalitas
Telegram username: @sekalitas
polygon wallet address from Metamask: 0x7828a1f84cdD1a31ceA00F78d757989122A3b815
65  Alternate cryptocurrencies / Bounties (Altcoins) / Re: Monero Finance bounty campaign budget 6k$ Worth of $MFT token campaign [Escrowe] on: May 11, 2024, 09:23:34 AM
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66  Alternate cryptocurrencies / Bounties (Altcoins) / Re: ✅[BOUNTY] ✅ Gas Wizard ✅ 40,000$ Rewards ! 4 Week Campaign ✅ Social & Content ✅ on: May 11, 2024, 09:12:22 AM
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67  Alternate cryptocurrencies / Bounties (Altcoins) / Re: ✅[BOUNTY] ✅ Gas Wizard ✅ 40,000$ Rewards ! 4 Week Campaign ✅ Social & Content ✅ on: May 07, 2024, 03:33:27 AM
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68  Alternate cryptocurrencies / Bounties (Altcoins) / Re: Monero Finance bounty campaign budget 6k$ Worth of $MFT token campaign [Escrowe] on: May 06, 2024, 04:33:30 AM
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Forum Username: sekalitas
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=965834
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Participated Campaigns:Twitter
BSC Wallet Address: 0x7828a1f84cdD1a31ceA00F78d757989122A3b815
69  Alternate cryptocurrencies / Altcoin Discussion / Re: Investing in meme coins is worthy or not? on: April 06, 2024, 06:31:55 AM
I don't trust new projects with inexperienced teams. I've been burned by several solid projects with new teams that couldn't deliver on their promises. Recently, I came across an airdrop for an upcoming meme project called DingDang. The interesting part is that the team successfully launched Kikswap in 2022, which performed well. The presale participants gained a 10x return at launch, and they raised 506 BNB in the initial seed sale. With many trending meme coins in the market, I'm considering investing in DingDang during its early stages. What are your thoughts on whether it's worth it or not?

Website and Whitepaper link are below:
Web: https://dingdang.io/
Whitepaper: https://dingdang.io/whitepaper.pdf


Memecoin prices are, in my opinion, primarily driven by community sentiment.  A solid team track record, like successfully launching Kikswap in 2022 with a 10x return for presale participants and raising 506 BNB in the seed sale, can certainly boost community confidence. This might make early investment attractive.  However, memecoins are inherently volatile and high-risk. There's no guarantee of success, and many are simply pump-and-dump schemes.  Frankly, I view most memecoins as 'shitcoins.'  Therefore, invest cautiously and consider short-term positions only.
70  Alternate cryptocurrencies / Altcoin Discussion / Re: A few crypto questions. on: April 06, 2024, 06:17:00 AM
So, we all say that hodling is better than trading, yeah? And I think the only way to earn from cryptocurrency is by exchanging it for fiat currency, right? Meaning, the hodling is just for the value to increase over a while and then you still trade it right?
Whether hodling or  trading is better depends on the specific altcoin, your investment goals, and your belief in its potential.  Some altcoins are better suited for long-term holding due to strong underlying technology and potential for future growth.  Top altcoins often fall into this category, while others are better for short-term trades based on quick price movements.

the hodling is just for the value to increase over a while and then you still trade it right?
most of it yes, but Some altcoin offer staking rewards (similar to interest) for holding them, or provide access to a particular blockchain's services.

And for the altcoins, after buying altcoins, what happens if no one wants to buy them from you? You know a lot of altcoins aren't all that popular so how do people even sell off their altcoins? Can you even hodl altcoins?

Well, if nobody wants to buy the altcoin and it has zero volume on exchanges, you're essentially stuck with it. The coin will just sit in your wallet, perhaps becoming a kind of collectible.  However, there's always the slim chance the coin could regain popularity. Or, you might try to influence the crypto community to reignite interest in the coin, attracting potential buyers.
71  Alternate cryptocurrencies / Altcoin Discussion / Re: Which is one altcoin you will never invest in 2024 even if it has massive pump? on: April 05, 2024, 05:38:25 AM
Which is one altcoin you will never invest in 2024 even if it has massive pump? What is your reason behind this ?

I wouldn't invest in altcoins considered 'shitcoins' because they lack value and offer no benefit beyond 'pump and dump' schemes. While some might experience massive pumps, this doesn't indicate true potential. Thorough research is essential, as many 'shitcoins' also experience these temporary price surges.  Personally, I prefer focusing on top altcoins while selectively investing in promising new projects.
72  Economy / Economics / Re: Does sound money have to be Private? on: April 05, 2024, 04:10:43 AM
Over 95% of the US dollar is digital and all of the digital dollars are in the custody of a Bank.  When you make a purchase or transfer your US dollars your transaction is tracked and approved by the bank and by extension, the US Government.

Can you consider a transaction that is monitored and approved sound?

I think for a money to be sound you must be able to transact privately with no third party in the transactions.

What do you think?

I understand the discomfort of having transactions monitored and approved by someone else. However, while privacy is important, a degree of monitoring and regulation is essential for a healthy financial system. Tracking transactions helps prevent crimes like money laundering, tax evasion, and terrorism financing. This oversight fosters trust in the currency by providing security and protecting consumers from fraud with recourse options in case of disputes. While some level of financial privacy is valuable, completely unregulated systems open the door to abuse and threaten the long-term viability of any currency. A prime example is the high volatility of cryptocurrencies, whose uncontrolled value can fluctuate dramatically.

73  Economy / Economics / Re: Agent of Economic stimulant on: April 04, 2024, 06:58:37 AM
So this lead me to be thinking about the word economy

At its core, an economy encompasses the production, distribution, and consumption of goods and services within a geographic area.  It's a complex web of interconnected activities involving individuals, businesses, and governments.

what is actually responsible for an economy to grow

Productivity is a foundational driver of economic growth, boosted by technological advancements and investments in education and infrastructure. Innovation is equally vital, as the development of new products, processes, and business models expands economies and opens up new markets. A healthy economy relies on robust consumer spending, which hinges on factors like employment levels, wages, and overall confidence. Businesses fuel long-term growth potential by investing in new equipment, factories, and research and development.  Government policies play a key role, with tax rates, spending programs, and interest rate adjustments having the power to stimulate or dampen economic activity. Finally, global trade allows countries to specialize and access a wider range of resources, fostering beneficial economic exchange.

what are the economic stimulant

Stimulants might involve government spending to boost demand, tax cuts to encourage business expansion, or central banks adjusting interest rates to control inflation and influence investment. These multifaceted problems require careful analysis and potential solutions tailored to individual economies.
74  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins dead? on: April 04, 2024, 06:35:51 AM
Watching the current market and the demise of ALL crypto ... is this the end for certain coins?

How do people think the likes of ETH, ADA, XRP, TRON etc will go from here?

Based on the crypto market in April 2024, ETH likely remains firmly within the top 2 cryptocurrencies. ADA, XRP, and TRON could potentially still hold positions within the top 20 altcoins, though the altcoin market is highly competitive. It's natural for some projects to decline in value or even disappear, particularly those that lack real-world utility or offer nothing beyond 'pump and dump' schemes – often referred to as 'shitcoins'.
75  Economy / Economics / Re: Marketing Strategies in the Digital Age on: April 04, 2024, 06:18:24 AM
    In our today world, where technology has taken over everywhere, people in marketing fields are benefiting from the digital world:
  • Marketers before had no means of marketing there goods and sales were limited, demand got limited. But now in a digital world marketers now have the opportunity to market there goods around the globe, with the help of advertisement using the television, radio programmes, newspaper, magazines,billboards.
         And with the emergence of block chain technology different platforms are created to enhance the digital marketing. With the help of the modern television we now see different kinds of product being marketed online. With the help of modern technologies today online vendors deliver nation wide.
    Back in the analog era marketers find it very difficult to market there goods. Marketers made used of the outdoor advertising, where marketers walk from door to door advertising their goods and product but the technology world has made things easy for marketers.
  • Tokinomo interactive robots: the marketing robot, brands now use robot to advertise their products. The purpose of this tokinomo robot is to communicate with customers, informing customers about the product, instead of the competitor doing the talking just let tokinimo do the talking.http://sharevideo1.com/v/WlAxakEtSDZBa28=?t=ytb&f=co
  • the digital world has made things easy for customers also. I believe there was no money transfer at that time, people made use of their legs (walking) for payment after buying a product. But now customers use digital forms of payment such as flutterwaves, paypal, Bitcoin for international payment. Now the world have a digital currency which can be transfer globally (bitcoin)
 Finally: with the new technology, you pay goods on delivery, and the company carrier will deliver to you on your door step. With the pay on delivery, the scamming rate will reduce, because people have been scammed by the fake sellers online in the payment before delivery system.
[/list]

You're right, digitalization has been a huge help, especially in marketing. It's easier than ever to start an online business or marketing campaign – all you need is an internet connection, a device, and some good ideas. However, with technological advancements, scammers are also becoming more sophisticated, particularly with the help of AI. This makes it increasingly difficult to distinguish between scams and legitimate offers.

I want to add a little bit more , in this era, we truly need to learn how to differentiate between hoaxes and genuine information. There's a lot of information out there and it can be overwhelming.
76  Alternate cryptocurrencies / Altcoin Discussion / Re: Shitcoin games in exchanges on: April 03, 2024, 07:11:13 AM
There Are many exchanges where exchange authority listed shitcoins only for money and later, they delist these as like responsible Exchange owner. Let's Have an example With MEXC Exchange! I saw some coins Pump from 600% to 18,000%, many coins pump more than 13000% and that's make me wonder. So i also tried to buy new listing altcoins.

But i experience that, New altcoins already pump 300-500% within seconds. Lol. Although i had opportunity to buy overpriced coin cause some coins goes more than 20000%. But i did. And later team create more hype so that more people joined with then. And after a certain time, team dump their share and run away.

So should be careful such shitcoin games. It may increase your money thousands time but i think, people will loss more than gaining

Actually, I'm also amazed to see coins pump thousands of percent. Those rising green numbers definitely create a sense of excitement! However, playing with shitcoins in these situations is extremely high-risk. It's even riskier than investing in new but legitimate projects. You're right – most people end up losing because it requires lightning-fast reactions and perfect timing to sell out before the dump. If you're even slightly too late and buy near the peak, it can be a terrible experience for both your wallet and your nerves
77  Economy / Economics / Re: INFLATION, A MOTIVATION TO INVEST IN CRYPTOFASHIONS on: April 03, 2024, 06:52:55 AM
  I always wondered if inflation, in addition to all the bad things it brings to society, has some benefit that could be useful  for each of the people who are harmed by this type of case, and the truth is that it seems incredible to me that It comes only to cause anguish and destabilization. Or do you think it has some benefit? Because it seems to me that there is nothing good about this event attacking countries and the worst thing is that it is inevitable, everyone is or will be going through inflation, The only thing I see as good about it is that it forces people to look, for alternatives that could be useful and more profitable when it comes to future stability.

   Lately, these second options that I refer to deal with innovation focused on cryptocurrencies. Many businessmen are aware of this and apply it in their respective territories. To give an example, we have Spain, in a news story I read about this country in an article written in Spanish, is highlighted the increase in inflation and the interest that many retail investors have shown in focusing on the area of ​​​​technology and virtual currencies to cope with what is happening. This is what Laidler, a global markets strategist, comments on, providing his opinion on the situation that Spain is experiencing and the measures that retail investors have been taking, according to him:

Quote
Crypto is now the second most popular asset class after stocks for retail investors, with 34% of retail investors owning crypto and making it an asset class dominated solely by retailers. It is easily the best-performing asset of 2024 so far, driven by a fundamental contraction in supply and demand, with strong demand for new Bitcoin spot ETFs, and with just under 30 days left until the halving.
For me it is a strategic decision, because in any case it is expected that at some point what will dominate is this type of asset and the one that will improve the quality of life of many.


SOURSE: https://es.cointelegraph.com/news/spanish-inflation-increased-and-investor-interest-is-in-the-technology-sector

You're right, inflation can act as a catalyst. When traditional financial systems struggle to maintain value, people naturally seek alternatives. This often leads to innovation and the exploration of new financial solutions, like cryptocurrencies.

However, it's important to remember that cryptocurrency investments come with inherent risks. Security concerns, potential regulatory changes, and extreme market volatility are all significant factors to consider before investing. While cryptocurrencies may hold promise, it's still too early to say definitively whether they'll revolutionize finance and become a widespread solution for improving financial well-being.
78  Economy / Economics / Re: how to survive inflation and economy hardship on: April 03, 2024, 06:34:13 AM
Sometimes looking towards increment in salary wouldn't solve our problems.Over the years there has been hardship in the economy all over the world, and people complain on how to increase there salary or have other alternatives of getting more funds, and even when they get what they desire, they still complain that since their source of income has increased, there expenses has also increased. But I think that people needs to control the way they spend, in other to be able to save more. If paraventure we decided to spend according to how we earn without reducing the level of spending, we may end up not being productive.

For me cutting down expenses would be another way of adding value to our money. Like cutting down the rate we eat, for those that spend alot on food, you can do better without over eating. the way we buy unnecessary items that has no value, when we have other useful things to do with money. So  lets focus on the top priorities, expecially things that will bring more Money.

What do you guys think about this? Would this be helpful? And what do you think will help us in this time of economic hardship?

Am sorry I have to change the topic of discussion from how to reduce inflation to how to survive inflation and economic hardship sudjested by sokani.

I think your suggestions are very helpful! In addition to cutting expenses and focusing on priorities, there are several other things we can do to weather economic hardship. Building an emergency fund, even with small contributions, offers a vital safety net for unexpected situations. We should also look for ways to increase income, whether through side hustles that leverage our talents or confidently negotiating a raise at our current job.  Tackling high-interest debt is essential, as it can significantly drain our resources; strategies like the "debt snowball" or "debt avalanche" can guide us toward becoming debt-free.  Shopping smart by comparing prices, using coupons, and considering secondhand options saves money. Finally, reaching out to our community provides support, access to low-cost events, and potential resources from family and friends during difficult times.
79  Economy / Economics / Re: Irresponsible spenders consumes their retirement resources and losses values. on: April 02, 2024, 07:37:23 AM
While most of us thinks that there are only addicted gamblers who are reckless spenders, I want to let us know too that there are other reckless spenders who are even Irresponsible to their responsibilities and bringing about devalues to their influential personalities.

While in a sit out with friends last night, there was this honourable looking man who whose table was served with lot of expressive wines and edibles alongside with his friends too, While he is sitted very close to me, he was bragging and was even louder than the MC with the microphone saying... Life is sweet and we all have just one life so lets enjoy it to the fullest because while we are strong and healthy today, some are dead while some are in hospital.
Meanwhile we that are here do not know about our tomorrow so... Let's catch up the cruise of today because we are not sure of our tomorrow.
So he called in the waiter with more order placed.
As time goes but he was having incoming calls that he refused to answer and at last the call came I noticed he stored the number with My Wife and then he shutdown the phone to have his peace and concentrate on his enjoyment.

I am not sure of my instincts towards this man but with experiences from people of such nature, they are ones who lavishes their money on pleasures and does not have plans for their futures, they ends up regreting after much expenses when they runs out of funds. Then, they feels remorseful to had lavished their money on unnecessary expenditures and feels they had learnt their lessions but when they refills their pockets again they lost their responsible minds.
Meanwhile... They are usually the kind of people that budgets their incomes on unproductive and Irresponsible expenditures rather than spending on their families or even outdoors responsible spendings.

These are usually the set of persons that says... Had I know and once upon a time during their old ages after they must have spent their retirement resource at their youthful ages and end up being disregarded in the family and looses their influential values around the societies.


It's difficult to truly understand someone else's situation. Perhaps he seems reckless, but he might be struggling with difficult family conflicts and using spending as a temporary escape before facing his problems. Of course, reckless spending is harmful because it can negatively impact not only the individual but also those around them.

In my opinion, it's possible to find a balance between enjoying the present and responsibly planning for the future. We can treat ourselves to things we like while also saving. More expensive things don't necessarily bring more happiness. Money offers us choices, but true happiness comes from sources beyond material possessions. That's why reckless spending is ultimately a poor choice
80  Economy / Economics / Re: Debt Management. on: April 02, 2024, 07:27:31 AM
Do not borrow funds to clear debts: doing that automatically makes you acquire more debts and it keeps accumulating because you won't seize to acquire outstanding debts, it would continue to go in cycles until you work hard to earn and become totally free.


I agree with most of your points, but I believe borrowing funds to clear debts can be beneficial in certain situations. For example, if we have debts with multiple banks or institutions at high interest rates, we could borrow from family or another institution with a lower interest rate. This allows us to consolidate our debts into one place for easier management. Of course, having a family member or close relative willing to lend money is a fortunate situation.

Additionally, taking on debt can be beneficial if we use the funds strategically to generate more income.  Borrowing money to invest in a business or other income-producing asset is different from using it for purely consumptive purposes.
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