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701  Economy / Economics / Re: How do you deal with financial stress? on: September 25, 2023, 10:02:02 PM
Wow, the thread really blew up since the last time I opened it yesterday evening. I've read every single one of your replies, but I certainly cannot reply to everyone individually.
I am established. I am middle class. I have fairly good income. I also make some money mining.

But my expenses have really gone up the last 18 months. Along with my mining profits dropping.

What to do?

Change some food habits to save money.
Find a bit more work to make more money.

I am lucky that my wife and I like each other so more time in bedroom for free entertainment is something we can do.
The truth is that there's not much to do. You can't tackle inflation and increasing costs yourself; the only thing you can do is find ways to increase your income and, at the same time, reduce your expenses by avoiding unnecessary expenditures. And honestly, the most valuable activities in life are free.
Actually, I am always in a financial stress, but the stress level is always on different level. Even though I have saved money in bank account and hold crypto. I think I always feel uncomfortable, when when my monthly expenses are higher than monthly salary. Even though my bank account was always a positive number, and it was never a zero, when I moved from parents I was always stressed with tomorrows day. I find myself thinking about if something bad happens, will I have enough money to solve that. And right now, when I am a head of my own family already, the feeling of financial stress is even bigger.
I was, honestly, the exact opposite. I had a relatively cheap house and a steady job—not the highest-paying one—but along with my partner, we earned a decent income, plus signature campaigns to save Bitcoin. I was stress-free regarding money; we'd go on trips by car and vacation once or even twice a year without worrying too much. Now things are completely different, though. These times probably came to an end.
It's one of the things that you really couldn't get away from in my opinion. Try as you might to sweep this one under the rug, it will all be futile cause at the end of the day, you're spending money and you need money for daily sustenance.

If you're living well off, or at least sufficiently earning for yourself with some savings on the side, I suggest you look into a little R&R (rest and relaxation) every now and again. Go to the beach, take your family out to dinner, play sports with friends, do anything that will take the pressure and stress of living in the modern world, and you're sure to be able to deal with the stress brought by the cost of living expenses nowadays.

If you're someone who's not in the position to spend money that willy-nilly, look into other hobbies or interest. Work out, read, distract yourself and arm yourself one way or another. If you let the thoughts brew inside your brain you'd be paralyzed. Do something.
Certainly, my mind keeps racing, and I'm not actually relaxing, even when I'm resting. I can't stop thinking of what we could have done better or what we're going to do in this dire situation of not being able to find proper accommodations. My personal items are scattered along two houses and in my car because I've got nowhere to put them. Not only is this situation frustrating, but it also causes angry outbursts from time to time. It's causing a spiral of bad moods and depression.
The case you are experiencing is very different from our situation where we are not required to serve in the military because the country where I live does not enforce this rule. Usually I tend to spend a limited amount of money according to my needs to fulfill my basic daily needs. Anxiety certainly arises amidst the uncertain economic turmoil that has occurred in recent years because many people have difficulty getting money to spend on their daily needs. The difficulty of finding work has an impact on the fulfillment of life and also conditions due to recession and increasing inflation.

I try to live frugally in conditions like this and spend money according to my needs, because forcing to spend money in inappropriate categories will actually worsen economic conditions. Increasing income is a solution that must be done by adjusting whatever work can be done and if our income is stable then the problem will be resolved slowly even though we cannot solve everything quickly.
The military was the icing on the cake. I spent a year not earning money, and now I've returned to absolute zero. No income, no house. I'm only left with an enormous burden and stress. I'm generally an anxious person and an overthinker, and my mind just doesn't shut down anymore. I keep endlessly thinking, to no avail.
702  Economy / Economics / Re: How do you deal with financial stress? on: September 24, 2023, 05:27:21 PM
When it comes to accommodation you have to choose houses that you can afford because it is a recurrent expenditure. Some persons make the mistake of borrowing to get a house only to struggle later to renew the rent. The only option you have is to increase your income or manage what you can afford. I had to move to another house to reduce my cost of living.
I can afford a more expensive house, the issue is that I'd prefer not to spend a large portion of my salary just to accomondate myself. You can never predict what may happen in a year or two. I wouldn't want to get stuck in a house I may not be able to afford in case something happens and I'm out of work, or is simply becoming a financial burden in the long-run.

The increase of these natural disasters makes life very uncertain. The Libyan flooding gives me so much concern because it was caused by negligence and my country has some dams that have not been maintained for a long time. It will not be a surprise if such a disaster occurs.
The governments haven't taken the necessary precautions to minimize the effects of such phenomeno, however, the root of this issue is that as the years progress, we're going to face a lot extreme weather conditions more often than we're used to.
I used to be like that in my "youth" and it was a good thing to be stressing about these things, at least for me. It made me learn the value of money and most importantly to plan ahead financially speaking.
You've already the first step correctly by thinking about these things but of course you have to try not to get overly anxious. Don't worry about making mistakes, after all you're at the beginning of your journey in life and even mistakes are a valuable experience.

I can't tell you what to do because the situation is different in different countries and different times. But I can tell you what I did.
I basically went on a very "strict financial mode" where I wrote down all my little expenses and little incomes. I worked hard and earned as much money as I could then made wise investments while controlling my expenses. That helped me maximize the amount of money I saved up (income, interest, passive income, profit).

I have to emphasize that writing down stuff helped a lot, as it is not enough to just be "careful about expenses". It helps a lot to be able to visualize and analyze your expenses (and incomes). For example at the end of the month you can look back and see for example you wasted money somewhere that could be avoided or better spent. I even have a little excel file that dates back 20 years Cool
Not to mention that it helps you to stay organized a lot better and if you set targets for yourself, it also helps you reach those targets and feel "optimistic" about your future as you would be going through life according to your plan or at least closes to your plan as possible.

Speaking of planning ahead and setting targets one of the things I did was to figure out what would be the biggest expense I would have in my life and in my country it is rent. For example today as an engineer if I had to rent an apartment specially in the capital, that would eat at least 50% of my salary.
Knowing that, my goal became to eliminate that cost. The solution was to buy a house so that became the plan. I eventually saved up enough money to be able to buy my first apartment. It didn't have to be a fancy one or a big one but it helped me eliminate a large expense. That's extra money in my pocket which I were able to save or invest to improve.
This is actually some great advice and it's confident to know that there are others who share a similar mindset to mine. Yes, I tend to worry quite a lot, but it's because I want to be a responsible adult with a settled life, and want things done in a proper way. I know plenty of other students from my university that are still jobless, living with their parents and literally not worrying about their life, this isn't something I'd ever want.

Although I'm relatively careful with my money, writing down my expenses would allow me to scroll through the end of the month and see were I spent money that I could have avoided. Now that I've mentioned it, I could probably have avoided making that order from Temu, or buying something just because it was on sale. Writing down is the key to keep track of everything, whether it's money or a reminder.
703  Economy / Economics / Re: How do you deal with financial stress? on: September 24, 2023, 02:07:48 PM
~snip~
Renting outside of town in the nearby villages isn't ideal either, because petrol is way too expensive.
Have you perhaps thought about not using your own car, but perhaps looking for an alternative in public transport (if it exists), or perhaps checking whether it would be feasible to travel to work (in the city) with an electric bicycle or an electric scooter? Their price (if you're looking for something above the average) is around 700 EUR or more, but they use very little electricity with solid autonomy in better models.
Public transport is done by busses, which I not only find inconvenient, but also cost €1 to €2 per trip, which would ultimately cost more than using my motorcycle. I'm planning to commute by bike too, providing that I have enough space to store my two bicycles.
~snip~
On top of that, moving out of the country doesn't seem ideal either, because most European cities are also suffering similar conditions, along with an extensive immigrant crisis (see France, Italy, Germany, and the UK).
If your goal is to live exclusively in the city, then you have to accept that the cost of living anywhere in the west of the EU will be even higher than what you are paying now, but there is more than enough work, especially if you are a highly educated person.

As for the migrants, you are absolutely right, they have literally flooded all the countries that have a friendly policy towards them, but the problem is not that they take someone's job (there are plenty of jobs), but that they have become a big security problem in all the countries that you mentioned, but also in many others where there are more and more of them.
Other EU countries have way more expensive rents, however, the supermarkets or petrol isn't as expensive from what I've observed, or at least, at similar levels. And indeed, the issue isn't that they're taking someone else's jobs, even if that statement was true, it's not my issue since I'd supposedly look for something that requires a degree, due to my education. The main concern is that whole parts of cities have become ghettos and are suffering tremendously. Sweden used to be one of the safest countries, well, not anymore. Poland on the other hand, which I visited in 2021, doesn't have a immigrant-friendly policy, is one of the safest.

Maybe I'm stressing out too much because I'm yet to find proper housing to establish myself again after being away for over a year in the military. I'm generally an anxious person myself, but does anyone else feel the same, and how do you deal with it? How do you stay optimistic?

Have you thought about getting a job in the army? I know it may not be the most popular option, but the military generally takes good care of its members, and that includes housing.

Fortunately, I don't have such problems like you, but everything you mentioned certainly affects me personally, because climate change is something that I feel on my skin, considering that I am very closely connected with nature. The stories I heard 20 years ago and more have started to come true, and it seems to me more and more that we are going down a one-way street in the wrong direction.

However, the worst thing you can do to yourself is to give in to pessimism, and you should always find small things that you can enjoy, and sometimes they are even completely free. Imagine that tomorrow you go to buy a lottery ticket and they draw your numbers - a few million euros would erase all the problems you have, right? Wink
Military enlisting is mandatory for up to 9 to 12 months in Greece (unpaid), which is the reason I'm out of the job market now. I've considered it but I generally don't like the whole concept of the army. On top of that, entering isn't as good as it might look. Salaries aren't anything special nor do they provide housing etc. It only secures that you'll have a job, which for the first few years will only pay an above average wage.

The solution is as simple as spending less than you earn, which is sometimes difficult, but you can always spend more than you think you can. Normally people focus on saving but in an inflationary environment like the one we are in it may be more difficult as the OP says, so there is the option of trying to increase income.
I'm already careful when it comes to expenses, the issue is that having a comfortable life is way too complicated anymore. I'm not talking about being wealthy, but being able to afford going out to dinner and going on a vacation, without money being an issue.
Thankfully, this forum has been a blessing and probably the only thing giving me hope, as it has resulted in me making a decent sum of money in the process.
I hope, then, that you have at least saved a part of what you have earned here. In the next bull market you will be able to spend more and worry less.
Certainly, if things go well with Bitcoin, I'll double my money in no time. I'm expecting to have a decent sum of savings by 2025.
704  Bitcoin / Bitcoin Discussion / Re: How can third-world countries counter inflation using bitcoin? on: September 24, 2023, 12:53:33 PM
After purchasing bitcoin through platforms accessible to their countries, bitcoin holders in third world countries can trade Bitcoin for profits or hold onto their tokens as an investment.

Are you saying that because in those countries people usually have a lot of money to invest?

Bitcoin is an asset, and like other assets could be used as an investment, this is the best way I like people to view Bitcoin, not as a hedge/counter against inflation, or else it might break the heart of many during the bearish season.

I don't know what you mean. A hedge against inflation is also an asset and an investment, like gold for example. They are not opposites.

If we talk about third world countries in general, the only way I see that they can take advantage of Bitcoin to try to beat inflation would be to legalize it as a currency, as they have done in El Salvador, to try to attract investment and have an alternative to remittances and the dollar.

On the other hand, if we are talking about people living in those countries, it will depend on the individual situation. Someone who has such a low income that he spends it all and still lacks it, the Bitcoin will not help him against inflation because as soon as he gets paid he will spend it, besides paying transactions fees and surely a fiat conversion fee to be able to spend. People in those countries that have a higher income and can save can use the Bitcoin against inflation, but as in the rest of the world.
This is exactly my point when I see posts or threads praising how Bitcoin is going to save the poor. It's a great investment that is probable to yield great returns in the upcoming years; however, the majority of people in third-world countries have extremely insignificant incomes to backup Bitcoin purchases. Acquiring $30 worth of Bitcoin per month isn't going to cut it. It's already difficult for western countries to invest, which have higher wages, let alone third-world ones. Thus, Bitcoin and cryptocurrencies are incapable of helping those against inflation since they're already spending all their salary just to cover their basic needs, and sometimes even that's not enough. As I've said before, Bitcoin might be great for an average worker who's trying to break free and achieve a better financial state.
705  Economy / Economics / How do you deal with financial stress? on: September 24, 2023, 11:20:39 AM
The past few years after COVID-19 have been the absolute worst; everything keeps rising—petrol, daily groceries, electricity, housing—to the point where you're barely making ends meet. Just to imagine, I've been looking for an apartment for over 6 months and haven't found anything yet. Not only is there a very limited supply, but those available are either too expensive, poor, too small, or everything combined. Thus, this is creating a huge feeling of uncertainty, as time is running out and I need to get settled down. Renting outside of town in the nearby villages isn't ideal either, because petrol is way too expensive.

I'm not sure if anyone else feels the same, but this uncertainty with the increasing living costs and the ongoing rat race is causing me excessive stress. On top of that, moving out of the country doesn't seem ideal either, because most European cities are also suffering similar conditions, along with an extensive immigrant crisis (see France, Italy, Germany, and the UK). I'd be interested in remote working, but the economics field I've studied at university isn't in high demand for remote working, which often recruits IT workers and generally fields that require hands-on experience. As soon as I'm settled down, I'm considering taking up a data analysis course and finishing my master's degree in order to look for more opportunities abroad.

I don't know, but each year seems progressively worse. It wasn't that bad before COVID-19; now it's the ultimate worst I've seen, and it's about to deteriorate even further. Thankfully, this forum has been a blessing and probably the only thing giving me hope, as it has resulted in me making a decent sum of money in the process. I'm yet to start looking for a job, but salaries are relatively low, despite the increased cost of living. To make matters worse, excessive weather conditions due to climate change are happening way more often now, causing floods and wildfires and destroying everything in their path. See Libya, Greece, Italy, Spain, and many more examples.

Maybe I'm stressing out too much because I'm yet to find proper housing to establish myself again after being away for over a year in the military. I'm generally an anxious person myself, but does anyone else feel the same, and how do you deal with it? How do you stay optimistic?


706  Alternate cryptocurrencies / Speculation (Altcoins) / Re: BNB ? on: September 23, 2023, 11:38:11 PM
What is happening with BNB? Is that the same story like Ethereum? Will that be the next bullish altcoin with skyrocket line. What future do you predict?
And please recommend now next potencial altcoin to buy?
give it a time till halving , but that is if the SEC will not Bring fuel to the rundown because for sure there will be a big effect in BNB network.
and please never that to connect Binance coin to Ethereum as they have different path and value , same as how to serve their investors/users.
Binance has its own path, but ethereum and Binance are indeed potential coins to follow in their development, I think these two altcoins are at the top of the list as the safest altcoins after bitcoin, so they are worth holding. Binance has a good product so this coin seems to be needed by many people, besides its network has advantages, Binance also has a trusted exchanger for now, satisfactory service is the consumer's choice to face irresponsible exchanges
Binance and BNB have been affected by the SEC lawsuit, and it can easily be seen by looking at how considerably low BNB's price is compared to pre-lawsuit levels. Unfortunately, as supportive as I was of BNB in the past and trusted it by believing that it's a relatively safe investment, despite it being an exchange coin that others mentioned, I can no longer confidently claim the same. We can't do anything else but wait; the market is generally not in good shape, and the SEC lawsuit also played an important role in it. Hopefully, 2024 will be a better year.
707  Economy / Speculation / Re: Is there still hope for the price of BTC to hit back $69k this year? on: September 23, 2023, 09:52:50 PM
I believe that there is always hope for a return to $69k this year - but I don't think it's mandatory. I tend to expect $69k to be reached after halving - meaning it doesn't happen this year. If $69k is hit this year [before halving] - then I really expect $200k to be hit after the halving. However - I'm not just fixated on when bitcoin will hit ATH, but this is certainly the most defining moment in most users' investments.
This year is pretty much doomed; it was a bad year not only for cryptocurrencies but for the economy in general. Inflation, the ongoing war, the housing crisis—it keeps getting worse. Perhaps the halving might come to the rescue, but to be honest, I'm not expecting to reach the previous ATH of $69.000 anytime soon, even after the halving; I'd be satisfied if we surpass $50.000 by the end of 2024, which is still quite distant from the current ATH, unless things suddenly take a turn for the better. The recent crisis with the SEC lawsuit against Binance didn't assist either, nor did FTX's bankruptcy, with each incident itself causing a minor crash in an already bear market.
708  Economy / Economics / Re: Our future with renewable energy. on: September 23, 2023, 08:50:59 PM
Alright, it's been a few days, and I hadn't noticed this thread till now. Even though I was receiving Telegram notifications, I thought that someone was gravedigging my old thread. In my opinion, the world cannot rely 100% on renewable resources, at least not yet, and most importantly, they may not be applicable to every location or country. For instance, installing wind farms or solar panels on large hectares of land may also hurt the environment, which, in the long run, is way worse than burning fossil fuels. Norway is a great example of a country that is almost running fully on renewable resources, accounting for 98% of the generation, with hydro being the dominant source at 92%.

Apart from renewable resources, nuclear energy is also a great alternative with minimal repercussions for the environment and huge capabilities. Even though there have been accidents in the past, there have been great advances in technology to prevent similar accidents in the future.
709  Other / Beginners & Help / Re: If you could..... What will it be? on: September 23, 2023, 07:16:06 PM
That's a tough one. The FTX crash was a terrible incident that not only made a lot of people lose great amounts of money but also dented trust in cryptocurrencies and centralized exchanges. Fortunately, I believe that the market recovered quite quickly, and the long-term effects have been minimal in terms of trust and the general condition of the market. However, it adds to the list one more exchange that has failed and led to detrimental effects in the cryptocurrency community.

Personally, I'd say the Terra crash was one of the worst I've experienced so far. There was a total frenzy on social media with people asking questions, hoping that a solution was to be found, but ultimately, billions of dollars went down the drain within a few hours. Fortunately, I didn't lose much because I managed to get rid of my UST when it recovered for an hour or two before proceeding to crash to its death shortly after. However, waking up and seeing that you have lost over $400 in value wasn't a pleasant feeling.
710  Bitcoin / Bitcoin Discussion / Re: Hate speech and it impacts on bitcoin on: September 23, 2023, 06:38:05 PM
Bitcoin is great and everything; I get it; however, how can it change the world? It's not a panacea; it's not growing on trees, nor is it free, is it? You can't acquire it yourself; mining is extremely expensive and requires great knowledge; thus, the only source is by purchasing. How can it be someone's remedy in a third-world country that barely gets by? By investing? How is he going to invest if someone's barely surviving? Bitcoin is for everyone in theory, but ultimately, it's not available for everyone for a variety of reasons, such as financial, social, and topographical. Just because we're lucky that we can afford to be involved in it doesn't mean that everyone else can either.

Bitcoin is great for an average, knowledgeable person with a computer, internet access, and a job that at least provides him some sort of stability and, with some risk, is opening great opportunities for the distant future.

I know it isn't free but my friend fiat is also not free and it also doesn't grow on trees. The ones who can acquire fiat can also acquire Bitcoin and the ones who can't acquire fiat may not be able to acquire Bitcoin. Nothing in this world is free and I must say that anyone who runs after the things that are free may not get the things that he/she deserves. Bitcoin mining is expensive and I agree with you, and only someone with good financial condition may have a mining setup, but anyone who earns minimum $40 a week can at least invest in Bitcoin by following a DCA strategy.

I personally know many people from third-world countries who have their investment in Bitcoin and that's why anyone who has a little bit of extra money can purchase Bitcoin. Those who're barely surviving may not be able to invest in it but my friend Bitcoin allows international audience to send transactions and maybe in future we see some funding sites that may implement Bitcoin so the financially stable ones may help the needy ones with Bitcoin transactions. Bitcoin isn't only an asset and it is a way of payment as well. As an asset only financially stable ones can invest in it but as a payment gateway it can be used to help so many people who can't be helped with fiat due to regional restrictions.
No one implied that fiat is free either, but you still don't explain how Bitcoin can save someone who's struggling to make ends meet, and investing is out of the question. It isn't that simple, and trust me, investing $40 per week isn't going to save you in the long run. $40/week is approximately $2.000 per year; in the best-case scenario, you'll get $4.000 to $5.000 in return, and this is very optimistic speculation because that requires a stable Bitcoin purchasing price. Is it a lifesaving amount of money? Certainly not. On top of that, I stated that there are people, even on the forum as we speak, that can barely afford to pay DCA $40 per month, not on a weekly basis. How can someone like that be saved from Bitcoin?

International transactions aren't something ordinary, nor are the fees insignificant in Bitcoin. You can send and receive money with plenty of centralized services with minimal to zero fees.
711  Economy / Exchanges / Re: *warning* Bitstamp not allowing withdrawals on: September 22, 2023, 11:36:01 PM
I believe that your title is a little misleading. I don't exactly understand what issue you're facing. In order to be assisted by other members, it's best to be a little more descriptive and, if possible, provide screenshots, transcripts, or anything else you have to prove your point. From what I'm understanding, you have sufficient balance in your account, but you're unable to withdraw due to a technical error showing you don't have any balance. Am I right? I'm a little skeptical because it sounds way too odd and something that I've never heard before.

I've used Bitstamp in the past, for quite a few years too, and have even left a decent sum of money deposited and abandoned for over two years. I never faced any issues, and I'd still use it if it weren't for the excessive trading fees.
712  Bitcoin / Bitcoin Discussion / Re: Hate speech and it impacts on bitcoin on: September 22, 2023, 10:46:50 PM
Not everyone who doesn't believe in Bitcoin is stupid. For the same reason, we all can't like the same things. Even well-known economists have expressed a negative opinion about Bitcoin, and the opposite too, of course. It's not about stupidity, but its concept and idea don't apply to everyone, and everyone is subject to their own opinion, which they can voice. Thus, claiming that someone is ignorant or stupid for not supporting Bitcoin is a little bold statement to make.

However, it's true that the majority of governments aren't too fond of cryptocurrencies in general due to their decentralized nature; it's way easier to hide money and conduct transactions undercover. This enables freedoms that aren't available with the banking system. Cryptocurrencies have been notorious for the darknet markets, which certainly hasn't helped their reputation, but in reality, these transactions are only a minor portion of the true corruption out there, and cryptocurrencies aren't liable for it.

Well, I will still say that those people are stupid because they are missing something that can change the world. The Bitcoin is the only remedy to our current economical problems and when someone understands that thing then that person will try his/her best to invest in it, and adopt it as soon as possible. Those economists that expressed negative opinion about Bitcoin were lacking real knowledge about this amazing invention, they did that because they were having that so-called traditional finance mindset of the television era. This era is totally changed one and only the economists and finance specialists who have digital mindset will understand that how essential Bitcoin is to make things better in the world of finance.

Governments will never accept the concept of Bitcoin even if they show in front of public that they're supporters of it. Internally they will always have negative plans to suppress the growth of Bitcoin. I believe the banking system has much more freedom when it comes to undercover transactions of the governmental money launderers because they all are part of the same system and they can fix the written documents and other necessary transcripts to hide the money laundering that they do. The darknet is something that's run by the criminal minded people and no one should blame Bitcoin because of the criminality of those criminals who sell all illegal things on those markets. I agree that they accept Bitcoin as a way for payment, and if someone blames Bitcoin for that reason then they should first blame internet for it.
Bitcoin is great and everything; I get it; however, how can it change the world? It's not a panacea; it's not growing on trees, nor is it free, is it? You can't acquire it yourself; mining is extremely expensive and requires great knowledge; thus, the only source is by purchasing. How can it be someone's remedy in a third-world country that barely gets by? By investing? How is he going to invest if someone's barely surviving? Bitcoin is for everyone in theory, but ultimately, it's not available for everyone for a variety of reasons, such as financial, social, and topographical. Just because we're lucky that we can afford to be involved in it doesn't mean that everyone else can either.

Bitcoin is great for an average, knowledgeable person with a computer, internet access, and a job that at least provides him some sort of stability and, with some risk, is opening great opportunities for the distant future.
713  Bitcoin / Bitcoin Discussion / Re: Hate speech and it impacts on bitcoin on: September 22, 2023, 09:19:32 PM
Those who support (pro) bitcoin and those who are against bitcoin always have a clash in speech. Those who hate bitcoin see bitcoin as a scam and other crime scheme. So with their view on it they see bitcoin users as scapegoat, criminals and money laundering and some special advisers in the government see bitcoin from this perspective so they advised the government to ban bitcoin in their country. And this cause a social trauma between these two groups.
Upon all these bitcoin is still gaining ground in the ecosystem. Therefore, hate speech cannot do anything to bitcoin again.

Those who hate Bitcoin are people without mind in their heads because someone who has a little knowledge about finance and freedom would accept Bitcoin without any obligation. I would consider them arrogant because they really missed a great invention due to their own stupidity. Those days are long gone when people considered Bitcoin as a scam or something that can go zero in value anytime. Now most of the people accept the fact that Bitcoin is the future and many skeptical people have invested in Bitcoin.

Those people who promote lies about Bitcoin are mostly part of the corrupt system and they just hate the idea of decentralization. Bitcoin is their biggest enemy because it has allowed everyone to be free from the bondage of that centralized system. Most of the governments are against the concept of Bitcoin and decentralization because they want to control others and move them as puppets, but Bitcoin can free them from such bondage and that's why they hate Bitcoin and promote fake news about it.

Bitcoin has nothing to do with criminals because they have been there before Bitcoin and they will remain there forever. Most of the money launderers aren't laundering money via Bitcoin and if you view the statistics of money laundering and other crimes then you'll know that money launderers and other criminals mostly rely on fiat based system. Even if most of countries ban Bitcoin they still won't be able to suppress it because Bitcoin isn't against any country, it's a form of payment that allows everyone to trade goods without any interference from centralized authorities.
Not everyone who doesn't believe in Bitcoin is stupid. For the same reason, we all can't like the same things. Even well-known economists have expressed a negative opinion about Bitcoin, and the opposite too, of course. It's not about stupidity, but its concept and idea don't apply to everyone, and everyone is subject to their own opinion, which they can voice. Thus, claiming that someone is ignorant or stupid for not supporting Bitcoin is a little bold statement to make.

However, it's true that the majority of governments aren't too fond of cryptocurrencies in general due to their decentralized nature; it's way easier to hide money and conduct transactions undercover. This enables freedoms that aren't available with the banking system. Cryptocurrencies have been notorious for the darknet markets, which certainly hasn't helped their reputation, but in reality, these transactions are only a minor portion of the true corruption out there, and cryptocurrencies aren't liable for it.
714  Economy / Economics / Re: You can't meet all your needs/desires at once, even if you spend all your salary on: September 22, 2023, 07:53:08 PM
That's why you need to become 1% people where they don't care about needs/desire, they're focus to make money and money even though they can afford to fulfill their needs/desire.

Actually this is a modern problem because many young people are obsessed to impress other people with their achievement that mostly related with money. If you can escape from this, you're high likely will happy.
That won't solve your insatiable desires. As @philipma1957 already mentioned in a previous post and is also the point of this thread, our desires are insatiable; thus, even if you're a wealthy person with an abundance of money, you'll still want more and more. That's what the OP is mentioning: that despite how much money we have, we're never satisfied. How is gaining more going to solve it?

I'd also like to add that we also never appreciate what we have until we don't. I worked a job I didn't like and lived in a house that I then cursed without appreciating the benefits of both, although they also had significant drawbacks. But now that I've lost them, I can understand how ungrateful I was. I'm generally satisfied if I have a decent-paying job and an average apartment that's comfortable for me and my partner, but the reality is that due to our human nature, we always crave something a little better.
715  Economy / Reputation / Re: Is there anything unusual in these screenshot? on: September 21, 2023, 11:12:02 PM
No, they do not owe anyone an explanation because this is all speculation, and most of the merits received are from high-ranking members from his locale and the English board.

I'm not sure if Op posted this because he values the merit system or because he wants to eliminate competition, as both accounts he posted applied for the same signature campaign he did.  Cool
No, I didn't say they owe an explanation but their name came up and the local board is involved with the accusation of something suspicious from the same local board if they keep their mouth shut then it will feel like there is something as Op said, isn't it?

I don't really know what is the point of this thread!

The OP was merely speculating, and nothing the user in question will tell us that we don't already know, based on how those merits were received. He applied for two merit threads and received some from both the global and local boards. Nothing to see here, just a decent poster being lavishly rewarded.

The point of this thread ended after the 5 first posts

I believe that this topic has been discussed before about excessive merit sharing on some local boards; I've noticed it myself in the past but didn't bother to create a thread regarding it. Firstly, I don't understand the language to judge; secondly, I don't pay too much attention; if they post on the other boards with gibberish English and zero effort, the post will be reported, and that'll be the end of it. I don't care what he does on the local board. On the other hand, I do believe that there's abuse by some users there, but I'm not going to get involved by trying to find evidence to back up this theory. Whether we have or not, it's suspicious to see a large number of merit transactions occurring on a few specific local boards.

Even if these two users mentioned earlier abused the system to enter a signature campaign, they'll eventually get caught because they'll fail to meet the necessary requirements in the long run and end up blacklisted.
716  Economy / Speculation / Re: Will Elon Musk keep what he said or not? on: September 21, 2023, 09:37:56 PM
It doesn’t really matter what Elon says or does really. We have been using over 50% renewable energy for mining for a long time now. I think the FUD he was spreading during the last bull run that seemed to cause the price to dump coincided with China clamping down on bitcoin.

The price dumped hard when China banned bitcoin, it was probably nothing to do with Elon. So in essence who cares what TESLA do, how many people bought a TESLA with bitcoin any way, probably less than 100.
Correct, this isn't new information regarding mining operations. I doubt that Elon is going to bother accepting Bitcoin payments for Tesla, and to be honest, I couldn't care less. He did enough damage in the previous years with his messing around, causing chaos, especially with Dogecoin; I doubt that too many people still take him seriously, at least for cryptocurrencies. Even if he actually reinstates Bitcoin payments, I'd be skeptical if it was another attempt to mess with the market, something he's done quite a few times in the past. On top of that, I haven't seen him bothering too much with cryptocurrencies in the past year or two; thus, I doubt that he's ever going to be involved anytime soon.
717  Economy / Economics / Re: Early Retirement [Pros and Cons] on: September 21, 2023, 08:40:14 PM
There are both problems and benefits to early retirement.  By retiring early, you can free yourself from the stress of work and live the life of your dreams.  No need to be subservient to anyone.  Whatever you say, the fun of this life is different. 
But life doesn't go on like this. Money is needed to spend life.  If someone decides to retire early, he must keep his bank balance in mind. Money is needed to survive.  It is not possible to spend human life without fulfilling the basic needs. And to fulfill the basic needs money is needed which is not possible to get through the dream life.  I don't think there is any alternative to hard work to survive.  Hard work is the symbol of good fortune.  But if one has a huge amount of money, he can feel free to retire early.  But I would say save enough capital that retirement shouldn't be a concern.
The "live your life after retirement" is a usual pitfall the majority of people fall into. I've also seen it from myself, when I'm not working, day off, paid time off I'm making huge plans only to fall short on my expectations. Usually, I'm way too tired and unmotivated to do anything and I'm simply left to rot. I had great expectations during my 30 day leave from the military but guess what, I didn't even do 1/4th of the things I was considering to do.

The exact same thing usually happens with people who retire, young or old. You first take some time off to rest, then you're used to doing nothing and then you feel totally unmotivated to start being productive again. My parents have a few acquintances who retired quite early, at approximately 45 to 50 years old and they went bananas after a few years because they stopped being productive and had no purpose anymore.
718  Other / Off-topic / Re: Do you take water intake seriously? on: September 20, 2023, 10:21:59 PM
Where are you getting your sources from? I find it hard to believe that men need almost four liters of water daily; that's absurd. An average adult should drink approximately 1.5 to 2 liters at most. From what I know, there's no scientific study that proves that consuming more water than you actually need is beneficial, nor is there a fixed amount for how much you need to drink. Drinking whenever you're thirsty should be fine.

I also read about that 2 liter rule somewhere, but they explained that it doesn't mean you have to drink that much, just get that much liquid in any form.
When you eat soup - you drink. When you eat a watermelon or any other juicy fruit - you drink.
I don't count the amount I drink, but my body tells me to. I just make sure that if I feel thirsty I get something to drink ASAP.
My usual day is 2 cups of coffee, 2 - 3 cups of tea since a cup is around 250 ml that makes it 1 liter. I usually drink at least 2 glasses of water or juice and a 0.5 l glass of beer in the evening so that makes it more or less 2 liters of liquid every day, (not counting any soup or fruit).
In extreme situations like a night out, this could turn into 2l of beer alone, so depends on the day and weather.

Forcing yourself to drink too much may be bad for you, just as well as drinking too little.

That's correct; you don't need to force yourself to drink more water. We consume liquids, such as water, in a variety of ways, such as milk, vegetables, or fruits, that also hydrate our body. That's why it's false and inaccurate to claim that we need an X glasses of water. I'm not sure about the coffee you mentioned, because I've read that it actually dehydrates you, but I might be wrong. Even when I tried to increase my water consumption, I couldn't keep up for more than a few days, and as I mentioned earlier, it doesn't have any significant benefits. I only noticed that my acne cleared up. Drinking a few glasses of water when you feel like it in normal conditions is perfectly fine. Except we're talking about cases of extreme heat or during exercise. On top of that, even when

It'd be interesting for the OP to post the source about his claims, is it by a scientific magazine or research, or is it a random blog making such statements?
719  Other / Off-topic / Re: Do you take water intake seriously? on: September 20, 2023, 06:13:21 PM
While you consume all the juicy and great meals at home, how seriously do you take your water consumption rate?

Do you know that men need an average of 3.7 liters of water (that's about 15 cups) a day while women need at least 2.7 liters (about 11 cups)?

Of these, do you even meet up with 50%?
 
Do you know that water intake
1. Prevent kidney damage
2. Help maintain blood pressure
3. Helps the digestive system and reduce dehydration
4. Boost skin and health and beauty
5. Cushion the brain and help with proper thinking.

Do you also know that failure to take enough water can lead to
1. Persistent headache
2. Lead to doled skinned
3. Unnecessary fatigue
4. Increase risk of stroke. Etc

When next you think about eating a great meal that is of a balanced diet, remember water is one major thing you shouldn't joke with for any reason.
Where are you getting your sources from? I find it hard to believe that men need almost four liters of water daily; that's absurd. An average adult should drink approximately 1.5 to 2 liters at most. From what I know, there's no scientific study that proves that consuming more water than you actually need is beneficial, nor is there a fixed amount for how much you need to drink. Drinking whenever you're thirsty should be fine.

I don't believe that I'm drinking more than 4-5 glasses per day; I was drinking more when it was extremely hot and I was constantly busy with chores. I haven't noticed any significant benefits of consuming greater amounts of water, apart from clearer skin.

Here's a video from the series "Adam Ruins Everything" that explains everything in detail.
https://www.youtube.com/watch?v=OWASUMMQjj8
720  Bitcoin / Bitcoin Discussion / Re: How do you feel when you look at your first Bitcoin wallet? on: September 19, 2023, 11:41:17 PM
I had a similar feeling when I managed to recover my first Bitcoin wallet. It was an online wallet on Blockchain.com, and when recovered, it had $100 worth of Bitcoin in it, which is not too bad. However, when I started seeing the transactions and how much Bitcoin my wallet had transacted, I was dumbfounded. I had dealt with quite a decent volume in the past, more than triple my current balance, which is an effort of over two years. The saddest of all is that most of it was spent on digital crap, such as gaming accounts or a few Steam games. Only a small portion of it was salvaged years later.

It'll probably take me over 2 to 3 years to surpass the amount of BTC I had back then, which was then probably valued at less than $100. I wish I could turn back in time.

Edit: found my address again, oh my.

https://www.blockchain.com/explorer/addresses/btc/16BjYxYMjFcXLRFJE5UxrDXvHbW6VM5M2d
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