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721  Bitcoin / Bitcoin Discussion / Re: Why Governments Ban Cryptocurrency {Bitcoin} on: October 07, 2023, 05:28:00 PM
The governments want more control over people. Bitcoin takes this ability and gives it back to people. When people use bitcoin, they are semi anonymous as long as they don’t use any centralized exchanges. Privacy is the enemy of the governments. It is a basic human right but the govs don’t see it that way. They want to know everything about you. What you watch, what you buy, what you eat… Bitcoin is driving them crazy. For this reason, the govs don’t like bitcoin one bit. Right now some govs don’t ban it because they think they can control it but we know that it is impossible. Sooner or later though bitcoin will have fight these assholes. Hopefully later.
722  Economy / Economics / Re: Agriculture vs oil on: October 07, 2023, 06:47:54 AM
Both are important but i think oil is way important. You can grow basic food almost anywhere. Potatoes for example, they grow very fast and easy and we consume them every day. There are also greenhouse products. This tech lets you grow anything anywhere. Let’s just say, if you invest enough time and money, you can grow your own food but if you don’t have oil, you can‘t grow it no matter how hard you try. You can only buy it from somebody else. Oil and gas are the most important energy sources. Without them the civilization would collapse.

Tldr; oil > agri
723  Bitcoin / Bitcoin Discussion / Re: What Do You Guys Think About This Simple Analogy? Anything to Add or Remove? on: October 07, 2023, 06:23:17 AM
I do not think Bitcoin will be as big as the Internet adoption wise nor impact wise. The internet allowed people to do something they did not have the option of doing before, Bitcoin allows people to do things they already kind of could, but more efficiently and more self sufficiently.
I personally think Bitcoin works best when you do not need to think about the fact that you are using it.

Actually the internet is kind of an advanced form of telephone/tv/radio/magazine combined. Before the internet we used newspaper ads to buy used cars. We used to meet new people that way too. (Imagine meeting a person without seeing her/his photo!) It is hard to imagine right now but I lived those times and it was as bad as it sounds. Yes internet has its unique uses too but it’s not completely unique. It is a very advanced form of telecommunications in the end. TV used to be huge before the internet and nowadays nobody is watching it other than the boomers.
724  Economy / Economics / Re: I am forgetting the value of money. on: October 06, 2023, 04:25:57 PM
There are trillions of dollars in circulation now. Note that it is only the dollar… there are also euros, pounds etc… hundreds of thousands of billions and billions… The central banks printed so much money, the inequality between the rich and the poor became huge. Do you know what’s the minimum wage in Eastern Europe? It is around $500. Imagine there are people in Europe, which is one of the most prosperous continent in the world, have to live a life with $500/month. And then there are people who spend $500 for something silly without blinking an eye (could be a lunch, hookers whatever you name it) For some people $10k is big money, for some others it is just what they make in a week (passively)
725  Economy / Gambling discussion / Re: A Lady Cried After Losing to Sports Bet. Gambling is Not Your Mate. on: October 06, 2023, 04:46:20 AM
These person and people like her are sick. They are not right in the head. They think it will solve all of their problems if they win but they won’t stop playing either way. It is because winning or losing don’t matter to them. They just want to keep playing. They need to take professional help for their addiction because it affects their mental health. This woman is a great example. Imagine this woman being your mom. What a shitty luck for the kids. She would spend her kids’ food money on gambling. You may think I am exaggerating it but we all know there are people like that all around us.
726  Economy / Economics / Re: Marriage mean double your passive income, rental property mean double your passi on: October 05, 2023, 05:44:57 PM
Sounds like somebody has read “Rich dad poor dad” recently. Wink Yes owning real estate and collecting rent is a way to build passive income but it is not as easy as it sounds. You still need to have a decent starting point which is your job. If your paycheck isn’t big enough, you won’t be saving enough money to buy your first house. You know what they say about making millions, the first one is always the hardest to make. If your first house will take 20 years of hard work, then something don’t make sense here especially if you don’t live in your own house already… It is because the house you live in isn’t an asset or a liability. It is a need. If that’s the case with you, you should probably start with investing in stocks first.
727  Other / Meta / Re: Can one plagarise unintentionally? on: October 05, 2023, 04:38:56 AM
I’ve seen people killing other people unintentionally too.

https://twitter.com/ConflictTR/status/1705134733334646897/

See this?

This poor guy just killed his friend unintentionally. They were both having fun but ooops he dead. “It was just an accident sorry for killing you bruh life goes on :/“

Committing plagiarism unintentionally is just like that. You may not know the consequences of doing it but it bites you in the ass anyway. Ignorance is not an excuse when breaking the law.
728  Economy / Economics / Re: What would you do in this situation? Invest or save? on: October 04, 2023, 04:22:35 PM
If you have plans to start a dream business that requires a capital of  $20,000 and you were able to make a savings of $15,000 which obviously isn't enough to start up the business, what would be your decision or advice?

1. Invest the $15,000 into a smaller business hoping that the returns will yield the remaining $15,000 in a short period. Note that this has the potential of failing and wasting the already-saved  $15,000.

2. Keep the $15,000 while doing other work that will yield the remaining money over a long period.

Would love to see your input or a better suggestion apart from the ones I pointed out above.

N/B
This is the typical situation a friend finds himself and we are just brainstorming in what best to do.

you are only 25% away from your dream business, you should keep saving money till you achieve your goal. I am saying this because it is your dream business we are talking about and anything else you do won’t make you happy. It also depends on your financial skills. If you are an experienced investor, you may invest that $15k in various assets and wait for a while but since you are asking this question you are probably not an experienced investor. That means you should find a job and save money. I wouldn’t advise you to invest in alts too. Too risky. Maybe buy some high yield short term government bonds.
729  Economy / Gambling discussion / Re: Before you take sides on: October 04, 2023, 11:31:32 AM
True. Not every victim is innocent. Sometimes they are unknowingly break the ToS of the casino and then they claim they didn’t do any wrongdoings. They aren’t lying since they don’t know what offense they committed. Sometimes on the other hand, they just lie because it is easier to blame somebody else for his own mistakes. It is just human nature. People don’t like to take responsibility for their own actions sometimes. Even murderers do this because if they come up with a story that’s good enough, the judge might believe that it was self-defense.
730  Economy / Economics / Re: Do we truly need cbdc when bitcoin already exist? on: October 03, 2023, 05:19:03 PM
Nobody needs CBDC’s. The world is perfectly fine without them. The governments need CBDC’s because they want to control everyone’s finances. Bitcoin is the complete opposite of CBDC’s because it doesn’t take freedom from people, it gives it to them. The govs can freeze our funds whenever they like if we switch to CBDC’s. Something like that will never happen to you with btc. We should all protest against CBDC’s and maybe the govs will step back and forget this stupid idea. Say no to fascism, say no to CBDC’s.
731  Economy / Gambling discussion / Re: Getting paid on gambling accounts on: October 03, 2023, 04:41:39 AM
I made a mistake of getting paid for signature campaign in gambling platform accounts.
When I got my payment, I thought I would slowly increase the amount by about 5-10% before I initiate a withdrawal. But I quickly lost control of my emotions and ended up blowing the entire balance of my account. This happened more than once, it happened about 5 times as I received money from different sources.
It’s important for me to tell this story so that others don’t make the same mistake I did. This has been a huge life lesson in managing money and emotional self-discipline .

That's called "greed". It is human nature. We always want it bigger, faster, more expensive, prettier, more more more more. Consider yourself lucky because you do this with your sig camp earnings. There are millions of people that do the same thing with their pay checks. Imagine how miserable these poor guys are. They are slaves since they are working for a pay check and they lose what they little earn to the casinos. Basically they are in a worse position than a slave. You need to learn to control your emotions. If you cannot do it yourself, you should seek professional help. It is not rocket science though, just take your money and run. Simple.
732  Bitcoin / Bitcoin Discussion / Re: Bitcoin millionaire: Lucky or possesses more qualities that we don't have. on: October 02, 2023, 04:32:29 AM
A person may have nothing but his knowledge can carry him to a great future. There many people who went bankrupt, lost every penny he had but 2 years later, he has more assets than he ever had. If you made your money by dumb luck, that money isn’t going to be with you permanently. Knowledge and experience create your own luck. If you are investing without knowledge, that’s not investing anymore. That’s gambling. When you gamble you may win or lose but you’ll lose more often because you rely on your luck. When you invest, you will lose some times also but you’ll win more because you are using your knowledge in your favor.
733  Economy / Economics / Re: Early Retirement [Pros and Cons] on: October 01, 2023, 03:21:39 PM
I don’t agree with the OP on this. You should retire if your passive income is strong enough. Especially if you are working as an employee, you should get retired as soon as possible. You may start your own business and keep yourself busy later on but never ever work for somebody else. It is because if your paycheck is $2k, you are probably giving your boss $2k for the work you do. In other words your employer is getting rich from your hard work. I know most people don’t have much of a choice at the beginning but it is not your destiny to die like a work horse. You can build your own financial empire while wageslaving. (Assuming that you are making more than the minimum wage.) it will take some time but if you make the right moves you’ll be financially secure before your 50’s.
734  Economy / Gambling discussion / Re: Violence and anger could be a sign of gambling addiction in youths on: October 01, 2023, 01:35:44 PM
Add computer games addiction too. Both of these addictions pretty much have the same symptoms. I know it because I used to be a gaming addict. I was so furious when a dumb fuck couldn’t use his ulti on time and made us lose the game. Do you know how hard it is to gain MMR’s in public games? It only takes one quitter/newb/afk to fuck everything up! Game after game I had to deal with these morons and I was losing most of the games. My MMR was taking a nose dive… then In one of these games something unusual happened. This time the quitter was on the other team. But guess what… the other team had a fucking god player which dominated our team alone. He was taking us on 1v5. That was the moment I said: “enough”. Nearly 10 years has passed and not a single game was played since then and I am a happier person. Fvkin nubz.
735  Bitcoin / Bitcoin Discussion / Re: Bitcoin and gambling which one has done you more harm on: October 01, 2023, 12:46:53 PM
Bitcoin is an asset. Assets do no harm to you as long as you manage your risks well. Gambling is on the other hand is a liability. Liability means, it takes money from your pocket. It is not making you any money, it is making you lose money. So comparing bitcoin to gambling don't make any sense because one of them is an asset  and the other one is a liability. Owning some liabilities isn't always a bad thing as long as you don't overdo them. Owning a car is also a liability but we need cars so we can transport our physical body from point A to point B. We sometimes gamble too because we need to do some stupid shit because why not. (just like smoking and drinking alcohol)
736  Economy / Gambling discussion / Re: New ID requirements for Gamblers in Australia on: September 30, 2023, 06:13:32 AM
I can’t imagine a physical casino not doing KYC on their customers. Don’t they do that already? If so, what’s the purpose of this new law?  I believe they make lots of money from gambling in Australia. If they make it harder for the players, then the Australian government will lose lots of money. That means less health care, less infrastructure, less security etc…

I think they are trying to ban gambling without directly banning it because they don’t have the balls to do it. The sheeple are not sheep enough.
737  Bitcoin / Bitcoin Discussion / Re: Bitcoin always fight back on: September 30, 2023, 06:02:24 AM
It is because no matter what happens in the world, bitcoin will always have some use to some people and for that reason , there will always be some demand for bitcoin. That means bitcoin will always have a price support. That support was around $15k (probably higher now) and that support level will keep going higher because the adoption of btc is getting better and better every day. In this context it is almost impossible to lose money if you hold btc long enough and if you buy btc from these support levels you will generate great returns.
738  Economy / Economics / Re: Recession? How to face It? on: September 30, 2023, 04:18:26 AM
Recession don’t mean anything to you if you have enough passive income from your investments. Having some hard physical cash is important too. If your only cash flow is your pay-job, then you can worry a little bit because if you get fired, you will lose your cash flow but you’ll still have to pay the bills (rent, electricity, water, internet etc…) So you either have to have a side income which is mostly recession-proof or you need to have some cash so you can pay your bills in case of an emergency. If you don’t have any of these back up plans then the recession will ruin your life. Alternatively, you can cut down your expenses too. Just unsubscribe from the services you don’t use much.
739  Bitcoin / Bitcoin Discussion / Re: Ignore the new Apple toys & Invest in Bitcoin, history always repeat itself. on: September 29, 2023, 07:18:32 PM
Any investment is probably better than buying any apple products. You can create a similar chart using apple’s stock price. Don’t buy apple products, buy aapl instead so you can buy lots apple products for free. Buying bitcoin is also a good idea since bitcoin is a deflationary currency but i think this idea works better on stocks. If you like to drink cola for example, instead of consuming lots of cola, buy some stocks of pepsi or coca-cola. (Whichever is your favorite) In the long run, these stocks will produce you so much money, you will be able to buy as much coke as you want.

Another idea is buying the coinbase stock. If you like to trade crypto, buy COIN instead because this company is getting rich collecting fees from traders.
740  Economy / Economics / Re: Diversification in Global reserves. on: September 29, 2023, 05:33:25 PM
USD, GBP, EUR, CNY, CHF… it really doesn’t matter how much you diversify your portfolio because all of these currencies have one thing in common. They are all FIAT and they are not backed by anything. You shouldn’t hold a lot of FIAT that’s not a good idea. Buy real assets like bitcoin, gold, land, stocks instead and you will be much happier in the long run. FIAT only goes down against the real assets in the long run so creating a portfolio of FIAT isn’t good for your finances. If you still insist on holding some FIAT, just hold USD. You don’t need to hold a basket of FIAT because it accomplishes nothing.
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