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this really depends on the country because if you are in low populated area meaning this is good sign and good future as they are the next man power as long as supported by parents and government but if this is in 3rd world country which i am in is still not good because it is over populated and more demands needed that the government cant cope up as well as their parents. It is still counted in the population, but this is better than having more old people in the country.
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People are more interested in gambling than Bitcoin. Although gambling has more ricks than investing in bitcoins, people are developing a form of gambling addiction. If you are involved in gambling then you will have the possibility of both profit or loss but if you invest in bitcoin you will definitely have profit but you have to wait for long time to get that profit. Of course in gambling you don't have to wait long to get that profit but if you invest in gambling then your capital will likely be zero but in case of Bitcoin your worth will never be zero.
It is still not guaranteed that if ever you do gambling, you will gain profit in a short period of time because we know that gambling is for fun and not for profit, and most of the time you'll lose. Unlike investment, you have a higher chance of gaining profit, but again, it takes time. The reasons really why people go into gambling are the thrill and fun of it, though that doesn't mean that investing is not fun; it is just kind of like saying that playing basketball is more fun than reading and studying. |
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From my experience as a business person, in buying and selling, I have discovered some helpful tips on how to increase profit. I an happy to share some in this forum.
Customer relation, a business person must understand that customer is king and should be treated like a royalty. Even it they are buying the least thing in your shop. When they leave your shop delighted, be assured that they will always come back to patronise you. And they will even market your products to their friends. Meaning more patronage for your business which will be increasing your profit.
Your business should have at least one season when you give out rewards and discounts to customers when they buy your products. This will increase your sales geometrically and when you remove the cost of the reward and discounts, you will still have increased profit.
Stock different brands of the products that you sell. Customers will prefer to enter a shop where they will see different varieties of what they need. More customers will enter and will even be tempted to buy more than they planned for. More customers equals more profit.
Please feel free to drop your own ideas on how to increase profit in businesses.
Selling your product at a cheaper price compare to others can be a good way to go. Mama Seun sell her rice #140 per cup but you sell yours at #135 per cup. The profit may be low but bet me the turn over will be high. Some customers can go miles just because of that #5. Before you know it you will be making even more than twice of what Mama Seun is making due to your high turn over. But I've noticed sometimes that there are merchants or stores that are the same price, like they've already talked about it, and still you're forced to buy at those prices if you're really a good businessman and want to gain more customers. The lesser the price, the better, and much more if you know how to talk with your customer because no matter how cheap your price is, if you are strict and always have a high voice, for sure your customer won't come back. |
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not too strong for me because there are many needs that I have to fulfill, little by little I have released my btc and now the remaining btc that I bought when btc was priced at 40k $ and above yesterday, and I will survive for 2024 with the remaining btc that I have however if I could afford it I would repurchase periodically
It is still better to sell it off because of your needs than to starve yourself and your family by holding bitcoin. It is always your needs your priority, no matter if you've got nothing right now, because that is really the purpose of Bitcoin, to meet our needs. Just buy it back when you have extra money, but right now, prioritize yourself and your family until you're stable. |
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I just remembered before that only few people or not really known to have 2 jobs at a time but right now most of the people I've known do this or having side hustle because they knew that their salary is not enough and also if they don't do it they don't have enough money. It is really a sacrifice, but it is still for our own good and for our family, so it is better to make this sacrifice than not do anything. It shouldn't be like this. Two jobs is for 2 people, not one person. But there are times when we do things like that in order to survive. It's very important to not start drinking or do drugs out of desperation. Don't think it will be like this forever. Just carry on, and everything will change for better sooner than you think. Having two jobs at a time means that you've also taken away another job that should be for others. Just imagine if you hadn't taken that other job, someone would be taking it, and again, it helps them a lot. I don't mean that it is greed as we are just surviving, but it is really better to give it to someone as they also needed it. But again, I can't blame anyone or even myself as all of us struggle and one job is not enough. Drinking is good if you are just taking it rarely, but doing drugs is not good, so never do it. I am into drinking once a week or once a month, depending on my health and my money; it helps me relax. |
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So I think I would classify a successful investor as a gambling addict if he gambles and wins a lot of money.
Would you call a lottery winner of a jackpot that that person just bet on? It is not classified as an addiction if you are just based on winning a lot of money because you can win a lot of money in gambling one time, but if you spend most of your time in gambling and you can't get away from the casino, then that is really defined as an addiction because you can't control your urge to gamble, which means you are really into gambling and nothing else. The effects are really bad, as you've mentioned, and that is really brought on by addiction. No matter if you are successful or not, it is always an addiction that is bad for you and the people around you. |
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in every country there must be poor and rich people, the role played by the poor in the economy is to be able to do jobs that cannot be done by rich people such as doing jobs that rely on labor and risky work because rich people will definitely not do jobs that are at great risk.
Rich people will even have difficulty in life if there are no poor people. Imagine if the rich built a very large stately home. Imagine if they didn't have any servants in the house, of course the rich would have a lot of trouble cleaning and taking care of their magnificent home. They even have to cut the grass in the large yard by their own hands. Bottom line Rich people sometimes they are very dependent on cheap services from people below. But so do people at the bottom, they also need job vacancies from rich people. So in essence both of them need each other. So between the rich and the poor both must respect and respect each other because they need each other. The market turnover is even faster because there are more consumers from the lower classes. Which means that the lower class also plays an important role in economic growth. especially in the flow of money circulation. The poor sector is really the biggest consumer. Imagine that rich people have businesses like a store or supermarket, and most of the people purchasing from them are poor, meaning they are also gaining profit from the poor sector. It is really an exchange between both of them, and both have their own advantages. Right now, there is already a balance that both should have, but that doesn't mean that those poor people will stay there. Let's also strive more so that we can live a comfortable life. |
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Years ago, I don't remember the exact year but it was at the beginning of the last decade those golden years of poker, there were several cases of players who won important tournaments, and when they tried to withdraw their winnings it turned out that they were minors.
Specifically it was poker Star, it is not so rare for minors to play in casinos, the point is that, if you win you need an adult to withdraw the money.
If the tournament was held online, minors could ask an adult to verify their account. But if it's an offline tournament, I don't think minors can participate because there must be terms and conditions that don't allow minors to participate. But maybe if during the tournament cameras were watching the players, minors would also not be able to participate because they would be seen on the camera and show that they were still minors. In conclusion, maybe minors can still play gambling freely and when they need verification, they will ask adults to do it. Online casino tournaments can still easily involve minors due to the verifiable ease of using an adult to do so, and if a minor wins, a verified adult will also do so to withdraw the winnings. however for offline casino tournaments minors will not be able to enter the casino and children can only walk past the casino on their way to somewhere else. And if a minor walks into a casino and is spotted by surveillance cameras, then casino security has a problem and will likely be fired. You are right; it is very difficult to detect a minor at an online casino unless he is just dumb and tells the truth that he is a minor. Mostly they are smart; they are really using their parents names and credentials so that they will be able to play. This is like before, when I used my parent's credentials, but it was for a local wallet, and they wouldn't accept school ID at that time, so I used the name of my parents. If this happens, then it will be easy to get verified and play. |
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I'm not sure how many times I did it, but it was only a handful, more or less than three if I'm not mistaken. The pressure is neutral because I have the opportunity to pay whether I win or lose during that period. It's a different story if I'm not, which, of course, I'm not going to do. I'm not going to plunge myself into the abyss. As they usually say, only gamble with money you can afford to lose.
What triggers you to take out a loan? I mean, I'm just curious because even I only take out a loan if I don't have a choice and am in need of money for those important things, but you kind of just decided on that day to take out a loan. Or have you thought of it for a couple of days? Yes, part of it is that you can pay it off, but are you having second thoughts before taking a loan just for gambling? |
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Most people, even you, know that their sole purpose in investing in cryptocurrency is to earn profit. There are only a few people that use it to transact or make payments online, but the majority of people invest in it so that they can get profit. It is such an effective investment that the possibility of gaining a huge profit is huge in the next few years. Even for myself, this is my purpose, and the secondary is trying to pay using it online, but mostly before I join your cryptocurrency space, this is really my purpose.
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Owning bitcoin turns into a greed when you are trying to inculcate in yourself that bitcoin is very essential in your life because it can save you from all your financial problems. That is a misconception because bitcoin is never the solution to all your financial problems. That’s the reason why some people refuse to get a job but invest in bitcoin instead hoping that they can be profitable all the time and overlook the importance of getting a job that will pay them good compensation. And when they start losing, that’s they end up realizing that owning bitcoin will never be successful unless if you have a stable job that will cover your losses from your bitcoin investment.
You are right to think about something in excess will be bad or will be greed. Yes, have a work or have a steady income is the main thing. Investing is a form of effort to get additional income for a long period of time. I don't know how someone who doesn't work can invest in Bitcoin. that's actually nonsense. Of course if there is someone who thinks that Bitcoin is the solution to all financial problems and will get profit from investment quickly that is a fatal mistake and it shows that someone does not fully understand Bitcoin. It is possible that the person who doesn't work can still invest in Bitcoin using their parents money, but you are right to find an income first before jumping into investing because it is not always guaranteed you'll earn profit. Again, for sure, there are others who think of it mostly in Bitcoin, but later they will realize it. What is really best about Bitcoin mentally is that those who are not strong enough to be invested in it will be leaving as they can't control their emotions due to volatility, which is why those who stay will only earn profit. |
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When we have a lot of money then we seem to be controlled by our lust to continue spending that money, from now on we must be able to change that thinking, use money for productive things such as investments, if the state's security conditions are good then investing in property is a very profitable thing, prices land, houses and so on will continue to rise so investing in property will never lose money.
That is where the temptation is a lot. I've experienced this also before, but I do say that if it is your first time, let's say, earning that money, and you come from a poor background and are even not able to eat at those restaurants, it is better to experience those things first because you'll keep thinking about them. I'm also happy that I've experienced those, but at the same time, I regret having just invested it in something else. But in the end, it is better to manage your money well no matter what, as it is still for your future. |
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There will be a catastrophe for sure if the price of bitcoin goes that price because it can make all the holders or users of bitcoin sell it off or stop all trading on it. It is really impossible, but if this scenario happens, the world will be full of chaos for sure, or if not, there will be a replacement for it or it will get banned world-wide (but even then, there are others who use it illegally). I don't have a really clear view on this, as it is very impossible, and the only thing I can think of is that the internet or the world is collapsing at that time, meaning it won't recover.
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Gahi-a na kaayo nimo bai oy!
Congratulations bai! Wala ka pong utang samin kasi deserve mo yang merits and rank up mo dahil merong laman ang mga post at replies mo kahit hindi mo masyadong kabisado ang technical side (kasali din naman ako, di ako magaling sa technical side) pero na reach mo yang rank meaning diyan ka magaling which totoo naman. Next goal naman is yung legendary for sure ma-aabot mo din yan nang hindi mo namamalyan kasi sobrang natural ng mga post mo kaya padayun lang!.
PS Basta Bisdak gahi gyud na sa sumbagay!
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2. American billionaires are 33% richer than they were at the start of the pandemic
In 2020, the US experienced the worst economic growth since World War II. Much of the country felt this burden, especially marginalized groups, but the top 1% did not struggle. Instead, they became significantly richer.
This is possible because, for decades, the system has been rigged in favor of the rich. Labor laws, CEO compensation, the privatization of public assets, and much more are skewed toward making the rich richer. This leaves little protection and support for the average person, putting them in a vulnerable position.
Yes. one of which is that the Covid-19 pandemic has caused a storm, in the form of a world economic recession. Although the rich also feel the same way, the poor, workers and women are the most vulnerable and most comfortable groups. The Covid-19 pandemic and this has become a marker, a turning point, exposing increasing economic tensions between groups. The rich were still able to survive the pandemic crisis at that time, but if you look at India's death rate due to lockdowns and the government was unable to cope with finances to support economic needs, can you still say that rich people feel the same way? In fact, very rich people can survive in these conditions and can still experience optimal health services. In the post-pandemic economy, the rich can continue their lives because their financial stocks are still abundant, but the poor who have managed to survive only start over from zero. Ive seen in the news that most of those rich people can still be catered to in the hospital, while for poor people, the hospital will just say to find another hospital as they are full, which they can really do, and I can't imagine the poor beg for food at that time as they can't go outside to work and the government is not giving them rations, while the rich people are just saying they are getting bored and want to go on vacation. |
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Copy trading has gained immense popularity in the crypto industry since its introduction. Bitget, being one of the pioneers in this field, remains one of the largest platforms for copy trading cryptocurrencies. Many consider it an appealing choice for beginners, but is it truly effective for those who are new to trading?
It may be a good choice for the new trader to jump into copy trading as he has nothing to do but check his portfolio from time to time and spend his money, but in exchange you won't develop trading skills and mostly you won't be called a trader because you don't know the fundamentals of it. This is also why most of the newbies want a short cut, like they want to earn quickly and not want to learn. It is really best to learn trading on your own and start trading on your own, or you can try it out later if you are just curious and if it is profitable. |
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If you are aware that your neighbor living next door is into drug dealing and he come seek your advice how to buy Bitcoin, will you teach him?
What comes straight to mind is embezzling the ill-gotten money, but is this even safe? My other neighbor knows I am into Bitcoin and he learned from me, I guess that's how this other neighbor knew, I told him to go meet the next neighbor but he said he is not ready to teach.
What will you do if something like this is happening around you? Why would a drug dealer want to learn Bitcoin if not for a safer haven for running the business?
My mind isn't settled as I keep thinking different things, what is on your mind readers?
I wouldn't explain/teach nothing if you are 100% sure that your neighbor is a drug dealer. It's not a nice situation because 1) it looks like he already knows you know about bitcoin 2) you don't have the best neighbor. I would simply say that you lost interest in bitcoin time ago and you don't have it/use it anymore. But in the first place why would you even tell your neighbor about you and bitcoin? I would never do something like that, you never know who people actually are. I was also wondering the same thing. How did his other neighbor knew about his knowledge about bitcoin? I understand if it is a close friend or family and OP just mentioned it a few times. Also, you should talk to the other neighbor who might have mentioned to your possibly drug dealer neighbor your knowledge about bitcoin. It is not fine that they are just spreading that information without your knowledge and consent. It has already spread, so he can't now control it. That is why it is better to keep it secret, or probably not share it on social media as others have done in the past, flexing their folio. No matter how some of your neighbors spread it, you shouldn't tell your neighbors about Bitcoin. Right now, what's best to do is tell that neighbor that you're speculating about dealing drugs and that you're already not into Bitcoin. Just try to evade him no matter what, just to be safe. |
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Between shopping for needs or saving, it often happens and you have to choose. But in my opinion, if the need is very important, then just buy it, but if it's not important or just for fun, I think it's better to save or invest because it will be more profitable. And saving also requires desire and determination. Sometimes without desire it will be difficult to saving.
So are you applying this in your life right now? A lot of people including my self haven't control on this things like imean there are times that we need to reward ourselves like eating out to expensive restaurant like once in a quarter or having a drinks for a night. I know this kind of spending needs to be put into investment, but we shouldn't always chase money; we should have to relax. But again, if it goes more like you keep buying a phone when there are new releases, sure, that is really a big problem. But if you do it rarely and just to reward yourself, that is better. |
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it's essential to strike a balance between passion and practicality. While passion can fuel your drive, combining it with sound financial planning and decision-making is crucial for long-term financial success. So, follow your passion, but also ensure that you make informed and responsible choices to maximize its potential impact on your net worth.
This is like hitting two birds with one stone, and I would say you must be lucky if you've done both, because in reality you can't unless you've got luck and work hard to achieve it. Like right now, people have a high salary but still don't like the job, or they settle for less but are enjoying their job. Also, right now is not a good time to be choosy, as the unemployment rate is too high and there are still a lot of people who are finding jobs, which is a lot these days. |
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Maybe when they are in a winning position, and why they return to gambling is because they feel that making money from gambling is an easy thing than doing a business that requires a lot of effort, a lot of time, a lot of energy and a lot of capital to build, because that's the reason they always back into gambling, and thought that he would get a continuous income from gambling, even though that was foolishness, gambling is a place for fun, not a place to gamble fate.
If they will continue with this kind of mindset they will start to quit their jobs thinking that they already found a passive income which is not. If they did this it will just only gambling with their entire life and career as well. Some people can really create money with gambling those are veterans and they know how to disciplined themselves so there is no problem with that of course. That's really the mindset, with others thinking that they will have a passive income and again thinking that it is stable, but for sure, after just a month of gambling, they lose a lot and want to go back to their jobs. Others are really doing this but having another source of income like business because gambling is always gambling and making you lose more money is why others don't settle on it and build their own businesses just to make sure they have a backup in case something happens. |
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