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601  Economy / Economics / Re: Would you rather start/grow a business from scratch or buy an existing business? on: August 06, 2023, 01:41:10 AM
They have their own advantages. You start your own business, you'll know the journey and challenges thoroughly. You also know personally who is involved in the business, employees, partners, etc.
If you buy an existing business that's great too. Suppose you see other people's businesses going flat while you have a creative idea that you think will add potential for increased sales. But in this case, I personally prefer to work with business owners.
You're right, the only problem with buying an existing business though is why are they selling that business, there's a possibility that they're doing something illegal behind the scenes and they want to get out of it as soon as possible or they're facing financial hardships and they don't want the burden so they want to pass it onto other people. But if the business that you're buying is clean and there's no anomaly whatsoever, then I think that it's much better than starting from scratch because you still going to learn the ropes anyways so why not choose to buy a business that already has established contacts of loyal customers unlike starting from scratch, you're going to establish it your own. The only upside of starting your own business is that there's more glory to it because you've worked for it.
602  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Another red day on: August 05, 2023, 03:11:48 PM
This could be one the reasons for why the market is on the red although that article is 4 days old so I might be wrong. Totally agree that we shouldn't be worry, and if I'm being honest, I think that it's a good time right now to spend your fiat to buy cryptocurrency since most cryptocurrency are on the red meaning that they're somewhat selling at a discounted price.
603  Economy / Economics / Re: What roles does the poor play in the Economy? on: August 05, 2023, 02:06:28 PM
The people living in poverty line aren't supposed to exist, the role that they play in the economy is that they are an indicator that there's inefficiency and incompetence when it comes to how the people that's in power run a country's economy. Poverty isn't something that any person should experience even if they are the lowest of the low in a society, anyone should have the access to basic needs like food and shelter. Making sure that everyone has a fair headstart makes for a competitive society that strives for greatness.

I understand what you are saying, the government is the one who has a big responsibility if the country has too many poor people and the economy is underdeveloped. But if poverty rates are only a handful in a country, the government cannot be blamed entirely. I mean, why don't you question, why the people around you live a full life while you are poor? Rich or poor depends on ourselves, if you are lazy and refuse to work, you cannot blame others for your poverty.

I usually don't blame anyone, because I know blaming won't make me better, I'll find a way out instead.
What the hell are you talking about? You're clearly saying that if there's a few poor people, we should just leave them in abject poverty. Didn't you read the last part of my post? I'll highlight it, see what part there did I talk about giving everything in silver platter to the poor people. Well, yes you don't blame for no reason but if someone is clearly not helping the people when it's their responsibility, will you just stand by and be neutral? Remember who's on the deepest part of hell?

Asking for accountability isn't blaming, people like you are brainwashed so when someone complains about something wrong in the system, you fight those who questions the system instead of joining them.

~
It is a mistake to think that farmers are poor people, they are even richer than office workers, business, if you live in my area. Just because they work in a struggle doesn't mean they don't have money. But society needs to have a gap between rich and poor, if everyone is equal, society will perish.
Yes, it's a mistake because you have a myopic perspective on things as do I in this context. I didn't generalize that all farmers are poor but that's where you went. It's a matter of perspective I guess, you haven't seen or heard of farmers drowning in debt from paying their fertilizers and having their crops underpaid by the markets that they have no choice but to sell there, or the farmers who got massacred because they asked for a piece of land that they've been promised if they work on it. So yeah, not all farmers are poor and not all farmers rich. Are you also saying that there shouldn't be equal opportunity for everyone at the start in the last part of the sentence? And yeah, what made you think that an equal structure in hierarchy will lead to a collapse? Is there an empirical evidence of that?
604  Bitcoin / Bitcoin Discussion / Re: is it possible to invest in bitcoin to build a country whose economy is down? on: August 05, 2023, 12:01:12 PM
I think it's a complicated problem that you're trying to solve. A country's economy that's plumetting has a lot of contributing factors and I don't think that bitcoin will be the panacea for those problems, maybe it can help with the financial struggles of that country but if the people in power is corrupt to the bone then that financial injection to help the country's economy will just be pocketed by those corrupt pigs. If we want to really solve the problem in economy, we need to be active at participating in discussions regarding economy, if enough people complain on something, the politicians will be powerlessso they will yield to what the people want. If you're talking on an individual scale, you can definitely survive or live well if you use bitcoin even if you're economy is crumbling down.
605  Bitcoin / Bitcoin Discussion / Re: If one like decentralization they will surely want Bitcoin? on: August 05, 2023, 07:44:24 AM
Much better if you don't talk about it and just show your results, people don't want to be recruited into a culture just because someone tells them that joining this will make their lives better when in reality that's not true. Make your information drives more publicly driven or disseminated instead of individualized so that you're reaching more audiences and you're not burdened by cold calling each individual as they're going to reach out to you instead and you can be sure that those who reach out to you will stay because they're curious. I don't like the idea of forcing people to do something and if you don't like it too then you will understand why you aren't successful at recruiting those people that you've had a talk.
606  Bitcoin / Bitcoin Discussion / Re: 18, holding my bitcoin and looking forward :) on: August 05, 2023, 05:20:11 AM
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This. Keep seeing people out here telling OP to hold on for dear life but are not really aware of a person's capacity to hold their bags. As for someone like him saving his ass during bear market seasons is just as important as actually holding his bag. Doesn't have to always apply to taking profits, it's more important when you're looking at a loss. And in that regard OP should look into learning about how the market works, and how charts are being read so he could study the market and devise good predictions that will help him get by.
That's cause they want OP to be on the same team as them, the diamond hands that will only sell their bitcoin for an unspecified and unknown (even to them) price which will only get higher and higher as the ATH keeps getting higher, they want OP to be like them, who wants to sell beyond what the current ATH would be which won't ever be reached. I would agree with you on OP learning the basics but I think he's still got a lot of time in his hands that's better off spent on living rather than be obsessed with bitcoin. OP should just learn about supply and demand model and I think he's good to go.
607  Bitcoin / Bitcoin Discussion / Re: Miami Mayor Francis Suarez to accept presidential donations in bitcoin on: August 05, 2023, 03:18:32 AM
Though Mayor Francis is a Bitcoiner, he has no chance of winning as president. RFK Jr who is more popular than him had proposed bigger stuff like backing the USD with BTC.

It's not such a bad idea to try gaining votes from the crypto community but it may just work locally for him, not nationwide. Politics is still the same as a popularity contest that's why Biden and Trump are still the closest in the polls. The rest are just wallflowers trying to get noticed.
So is the fate of most presidential candidates that fund themselves for their campaigns, they've got nothing against those that have the backing of the either of two parties. I feel bad that that's still how we see political campaigns as popularity contest, the incompetent one that talk loud and overpower the smart ones will almost always win but I hope that as we grow as a global nation, we would see more change in that aspect and choose the right leaders that will put the people's interest first before their's.

Pretty nice publicity for bitcoin but I hope that the mainstream media has picked up on that because I don't see how it can really affect bitcoin in PR perspective if it's not shown to mainstream media where there's more people that don't know about bitcoin that watches there, comparing that to bitcoin/cryptocurrency news platforms that's mostly comprised of people that already know about it anyways.
608  Economy / Speculation / Re: Can 1 satoshi be worth $1 in the future? on: August 05, 2023, 01:41:54 AM
I believe anything and everything is possible in this Bitcoin era. We didn’t thought Bitcoins to touch 20k USD at first, but it did and surprised everyone. Then it gave surprises after surprised and we finally saw Bitcoins at 69k usd. So yes 1 million USD for Bitcoins is not impossible and so do 1$ for a satoshi. Everything depends on the demand that is raised by the Bitcoin holder to acquire the Bitcoins.
For that to happen though, bitcoin has to become a staple digital currency worldwide, I'm not talking about just trading in exchanges but also being used to pay for day to day stuff like food and services without the worry or regret that you've overpaid for something because the price got much higher after you've paid in bitcoin. That's the only way that it's possible because there's only about 20 million bitcoin in circulation (removing the 1m that satoshi have) and we all know that with limited supply and very high demand, we will have to expect rise in prices.
609  Economy / Speculation / Re: Should we rely on prediction? on: August 04, 2023, 02:27:53 PM
Stupid question if I'm being honest. Relying on a prediction is the most retarded that you can do when you're trading, might as well withdraw that trading funds and bet on horse/dog races out there, you're more likely to win there by just relying on your prediction. Also, prediction doesn't take skill because anyone can do it and most likely your predictios would be biased so by that instance it becomes unreliable, speculation on the other hand, there's some reading on data and mathematics involved combined with prediction.

Relying on predictions will not be a problem for anyone it's just to estimate the price in a given year even free people want to do any prediction to guess the price of bitcoin later.
Yes it will be a problem because it's a literal leap in the unknown. For example, there's a hole that grants wishes but you don't know the chances, you will be throwing money there not knowing whether you will get the wish, it's the same with prediction, you hope that you're right blindly. People don't get their predictions right, no one has ever made it right even if they were close to the number that they've predicted, the only time that I would believe that someone is successful in prediction is when they're able to drop an exact number at the exact time.
610  Economy / Speculation / Re: Bitcoin to $120k next year - by Robert Kiyosaki on: August 04, 2023, 07:25:21 AM
I think the hope to be able to reach $ 120k in Next Year, of course, depends on the market situation this year, as we know that this year the market looks difficult to be able to pass $ 30k and if until the end of the year the price is still in the range of $ 30k in my opinion it is difficult to reach $ 120 k.
Well, obviously it's going to do that but halving is nigh and we already know what happens after halving, the events leading to this hasn't been disproven yet so I don't think that we have to worry about anything regarding the price not going up because it's too dependent on the market situation. You're right that it won't be able to reach 120k though because it will surpass that and 180k would be it's peak, triple that of the previous peak which is pattern when it comes to halving peaks through the years.
611  Economy / Economics / Re: What roles does the poor play in the Economy? on: August 04, 2023, 05:44:31 AM
The people living in poverty line aren't supposed to exist, the role that they play in the economy is that they are an indicator that there's inefficiency and incompetence when it comes to how the people that's in power run a country's economy. Poverty isn't something that any person should experience even if they are the lowest of the low in a society, anyone should have the access to basic needs like food and shelter. Making sure that everyone has a fair headstart makes for a competitive society that strives for greatness.

Many people think that poor people are the biggest problem, but we have to understand that without poor people there would be no life, no one would want to grow food crops, no one would want to work as a driver delivering groceries, no one would who want to sell food so that there will be no food on the dinner table, the poor have an important role in life.
Your heart's in the right place but poor people is a generalization and not every farmer is poor. The people that thinks the poor is the problem are the type of people that doesn't think besides for themselves and lacks empathy. And the way you say it, the poor is being romanticized like they are the foundation of society when in reality it's the masses/labor force of a country.
612  Economy / Economics / Re: The American Dream. What is Your Country's Version of it? on: August 04, 2023, 03:00:41 AM
The core essence  of American dream is providing equal opportunities for every citizen irrespective of their religion, race, color or back ground.This idealistic vision has been adopted by politicians in almost every country, including my own, as a rallying cry during election campaigns. however, the harsh reality is that, nepotism pervades is spread in every sector of economy favoring connections over merit and qualifications.
Oh no, it's deeper than nepotism, more like corruption in my opinion because in some way nepotism can be a good thing when you know that the family that runs the country isn't running it to the ground and enslaving it's people. It's corruption from power and money that destroys the "American Dream" that many are trying to chase. It's a pretty idea, that's why the politicians promise that they will be the bringer of that dream when we all know that it's not going to happen, I think that this kind of system of false promises is in part the fault of the people who vote these politicians into power, if we were to carefully choose someone based on merit and competency and not because they have a way with words and they promise big stuff then I think that we're going to be off to a good start.

Regarding American Dream, I don't really believe it. I'll just leave to you what George Carlin says about the American Dream.

Quote
It's called the American Dream because you have to be asleep to believe it.
613  Economy / Economics / Re: Inflation overpowers the value of money on: August 03, 2023, 03:50:47 PM
To begin with, inflation is not a discrepancy. Inflation is an integral part of the current economic system. Echoing franky1, it's there by design. It's intentional. It's there on purpose. It isn't something that takes place because of incompetence or failure on the part of the government or because of something beyond the control of economic managers. That the prices of goods and services will continuously increase and that the purchasing power of money will continuously weaken-- albeit in a moderate and controlled manner-- are part and parcel of what is considered a great economic design.
What you're talking about is a good inflation though which is around 2%-4% I think but most of the time it's always much higher so even if you're to defend that inflation is an integral part of the economy, the point still stands that a lot of country always gets past the good inflation and so it always gives the notion that inflation is bad, and don't get me started on the wage gap in order to keep up with the inflation, if that gap isn't that far apart, I am sure that we won't have any talks about inflation being a bad thing.

I think deep down, everyone knows that the solution here is to make fiat a limited supply and that the Federal Reserve can't create an infinite amount of money in order to increase spending. Reckless money printing is causing this shitstorm but they still continue to do it.
614  Other / Meta / Re: Save your nice merit records here - LAST UPDATE: 12/07/2023 on: August 03, 2023, 01:00:29 PM
~
Haha nice interpretation, but my avatar pic merely indicates that I am a huge fan of Blade Runner/Rutger Hauer, and Tears in Rain scene from where pic was taken is one of my favorite of all time.
I was just toying with what I said too, definitely one of the greatest monologue in all the movies I've seen. That's why I said in my previous post the stuff about seeing things you won't believe and the moments which is a reference to that monologue.
615  Other / Meta / Re: re: "how to earn merit" topics on: August 03, 2023, 07:59:20 AM
There are some who simply ask "How can I get merit on Bitcointalk?" and I don't predict a great future for them in this forum because they are the kind of people who expect to have everything handed to them on a platter.
What if they're really curious about, plus saying that you don't expect anything from them but failure is what makes it hard for newbies to even set their foot in the platform, a lot of you veteran users are too hostile when they ask what you consider dumb questions, of course they're dumb inquiries sometimes but you don't really have to reply if you're not answering the question anyway.
616  Other / Meta / Re: [SUGGESTION] Multiple Users Self-Moderating A Thread. on: August 03, 2023, 03:49:41 AM
I like the idea but what if the user abuses that feature you know like creating their own echo chamber where the user and their chosen users can just delete the posts that aren't necessarily agreeing with their POV but still a valid opinion. Plus self-moderated would lose it's meaning, I think that it's the responsibility of the OP alone to clean the thread that he/she started. And if it's really a good idea in the first place, I'm sure @theymos would've added that feature a long time ago.
617  Other / Meta / Re: Save your nice merit records here - LAST UPDATE: 12/07/2023 on: August 03, 2023, 02:53:03 AM


So congratulations to him for the same and his Avatar also indicates more to come  Grin
His avatar doesn't indicate more to come lmao, that's Roy Batty dying at the end of the movie Blade Runner or rather than dying, expiring. What that avatar indicates is that @Rikafip has seen things that we people wouldn't believe or that all the things we do no matter how significant or big to us will be lost in time, like tears in the rain...
618  Economy / Scam Accusations / Re: The story of Betnomi.com (Exit Scam) on: August 03, 2023, 01:48:12 AM
I got a reply today... I tried to explain that he's not the only one with problems.

In any case, I have no choice but to wait. Although if among the victims there is someone from the United States, write to me.
They have the upper hand, they're going to let you wait some more, I am sure that this will all just lead to more waiting. In the transcript of your conversation, I can already imply that they're trying to make it sound like they need your pity and that they're problem is bigger than any of their customers and seeing how much money from the customers are stuck, I don't think it's going to be returned. I hope that I'm wrong about my speculation that they're not going to answer the questions about their credibility but the odds are stacked against them and they're not communicating clearly to establish some assurance.
619  Economy / Scam Accusations / Re: SCAM - Boomchange.com / Boomchange.io - Fake Crypto Exchanges on: August 02, 2023, 03:58:54 PM
It’s legit and normal working platform. I have been using this website more than a year and I don’t understand why there were posted misleading reports. You can use boomchange free and its legit well working swapping service
My guy, by that logic that would mean that people in this forum would've heard about this and this account wouldn't be created this month or year but last year or probably last month because you probably have encountered some problem using the site even if you're saying that the exchange is good, you catching my drift? Now I'm not inclined to believe when someone accuses someone of doing scams online unless there's damning evidence to prove that they do definitely scam people online. For your defense though, OP's word has more weight compared to yours because he's got the evidences to back it up, now it's your turn or you're one of the many accounts used by boomchange.

Nice catch OP, even if you didn't follow the typical reporting format, I'm impressed by how you organize your evidences, I'm not so sure I agree with leaking the IP address though, I'm not the authority here but I believe that's doxxing right?
620  Economy / Trading Discussion / Re: Did you know about AI trading bot? on: August 02, 2023, 01:22:56 PM
AI is way more efficient than humans rn. It can profit from tiny price changes super quickly. Most probably, traders will adopt AI-powered trading soon
If AI proves it's worth that it can generate profit in trades much better than any human traders out there and that the scoreboard for the competition of Human vs AI produces a large gap then maybe that's the time that I'm going to try it out but right now it's too risky for me to use AI when trading, yes it's a time saver but I don't think that me losing a lot because there's some discrepancy in how the AI traded is a good trade for me.

I have a neutral opinion when it comes to trading bots, there's no trend of their usage yet meaning that it's not yet a good time to get in if you're not a good trader yourself because it's likely programmed in a way that it imitates human trading but at an upgraded level. Maybe when a lot of people are already showing results that are positive, that's probably the time that I would try it out.
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