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801  Economy / Economics / Re: Do we truly need cbdc when bitcoin already exist? on: October 07, 2023, 11:49:44 PM
We the people of any country do not need that country to issue cbdc’s.

but many countrie’s governments are desperate so they may try a cbdc to make a bailout won’t as they are bound to fuck them up 🆙
When I got home, I made a bee-line to my computer and did some googling to see if that was true.  I got down on my knees and prayed to my fallen angel of choice that it was some sort of hoax or rumor that isn't true.

As to OP's question.  Governments want to control the currency their citizens use.  With bitcoin they can't do that.  It's just that simple.
Of course government would always want to stick with what they can control and the power of fiat yo set in motion various conditions that they need functional within their jurisdiction. I can’t blame the government for that and in fact, it’s what should be the case. Bitcoin shouldn’t be an exclusive idea as, it’s supposed to be complementary on the exiting fiat and let’s not soon forget, Bitcoin has got its limitations too for which fiat can fill in.

One thing I’ve noted is how citizens seems yo blame the government over any effect from a bad decision and with that, how can the government manage effects from a commodity they can’t control. It would be a world of noise should any negative effect arise from that.

CBDC is digital fiat and as such, having to recall any physical fiat paper money in circulation to fully implement the CBDC would be such a bad decision as by some means, you cut out the population that uses it which includes a the physically challenged. Let’s not forget, there are those that can’t use internet enabled device even when they are aware of its existence.
802  Economy / Economics / Re: Marriage mean double your passive income, rental property mean double your passi on: October 07, 2023, 11:38:27 PM
Come and debate. Marriage to a spouse quickly establish to a facts that you would provide financially.

But marriage can only happens once in a life, so the gold digger is missing out so much of gain, compare to owning more than one rental property.

I would like to quote this

"First rental property would fund your travel expense
Second rental fund your sport car
Third rental fund your private jet
Fourth rental fund your yacht
Fifth rental fund your private island
... and so on"


Btw boomer get the land for free, you would have to pay for it, which also get their rental from no money down.

As long as your passive income far bigger than your expense, you are free from slavery, you are free from financial problems.
If you’re from my part of the world, then you would realize that even your kids are a resource you can build on to have them give you returns when you don’t have enough energy ti keep up.

I buy the idea in quote but, majority of the people in our world never gets it that rossy. Not because they aren’t putting in their best or the resources ain’t available for them but, when shits ain’t working, it just isn’t.

Now, would you rather advise they never get married and keep pushing for success that never comes or to continue their life in another dimension?

There are those that dreamed of driving fast cars and never got the money to buy it themselves but rather invested in Human Resources as there kids and have those kids buy it for them.
There are more than one sides to it but the reality is, you never can tell which way would work best for every individual and we are out here testing life on different plains.
803  Economy / Economics / Re: What would you do in this situation? Invest or save? on: October 07, 2023, 11:30:24 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?
-snip-

If you have a business idea that has the potential to grow in a year or two, you should go for it. You have $15k saving, take a bank loan of $5k (bank loan go hand in hand with the business) and starts the business. This way, you will fully concentrate on your business and might end up securing more investments from the business community.
I never thought of taking loans to be a possible solution as in OP but, I do think it could help in cases where you’re almost 99% certain of sales and consistent returns on your investment.
I’ve had someone try out a business with over $20k of loaned money and have been able to repay that loan in less than 10years but the trick was, this individual ram a franchise and had the company aid in ensuring he fully separated his needs from the company’s capital and a greater percentage of the generated profit was reinvested in the business as well as a periodic payment of the loaned amount.

Hence, if the business idea is one that is sure not to fail, taking of loan isn’t that bad and you can get partnership and sponsors to scale you through the time you would have needed to wait on generating funds.
804  Economy / Gambling discussion / Re: Reasons you should not gamble on too many things at once. on: October 07, 2023, 11:23:18 PM
If you have the habit of playing and gambling on different sports and game, I think it is not good because of some few reasons like;
YOU WILL SPEND MORE MONEY ON GAMBLING.
YOU CAN BECOME MORE EASILY ADDICTED THAN A GAMBLER WHO PLAYS ONLY ONE GAME. 
YOUR CHANCES OF LOOSING WILL INCREASE, BUT YOUR CHANCE OF WINNING MAY NOT INCREASE.
YOU WILL SPEND MORE TIME GAMBLING.
For some reasons, I’ll like to think that there are those that feels otherwise (for the record, I don’t practice gambling on several sports; except the accumulation bet counts as several sports which i think would be a misconception).

I have gone through few reasons why people diversify in investment and one of those was based on having failures in one investment been compensated for by the profits from other investments.
Now, that’s the idea that follows multi sports gambling for others. You can’t have this in an accumulator bet as, a wrong prediction in one game flaws the whole bet except, where options for a compromise was given.

Also, multi sport gambling could as well confine you to a sport you’re well knowledgeable of after several testing on it. But,
No matter what the case might be, your more likely to spend more money gambling and more loses too.
805  Economy / Gambling discussion / Re: Learning from those who have experience on: October 07, 2023, 10:57:18 PM
I want to know how you break away from the addiction, you can mention the actions taken or what kind of steps? And how long do you need time to break away from the addiction that has been experienced?

"I want to find out because I think your experience in the case as I mentioned will be useful for readers, especially for me personally"
I wasn’t particularly addicted to gambling in the last or I like to think that way but, I gambled more at a time than I do now and I must say compared to them, my gambling habit is drastically reduced.
One of the means to have archived this was a redefined purpose on my gambling.

Many get into gambling with the aim of making money off it. I think that was the case for me when I started gambling. It presents you with the ease of getting that plus odds in an accumulator bet and when you win, you have that extra money to spend on whatever you fantasized about but, it’s it always the case,,, unfortunately not. You end up loosing even the little you’ve set aside for a different purpose.

Hence, understating the fact that, the house are often going yo have an edge over your gambling and you can only win with luck and not by how well grounded you are about a game would better position your gambling habit.
806  Economy / Gambling discussion / Re: ⚽ Premier League 2023/2024 Discussion Thread ⚽ on: October 07, 2023, 10:34:43 PM
Chelsea would have to assure their fans that are really back in form if they can win Arsenal in their on coming fixture. Other bigger clubs like Liverpool and Manchester United and Manchester city will play them too for us to know how confident they have become.
They're gradually gaining the support of their fans again with how they've performed in their recent games, and though they still have to prove their form but atleast alot of fans would begin to trust that Pouchettino could take them to winning ways again, they played with class and dominated the game to and really deserved to win the game, and I believe their current wining rate would increase the confidence level of the team to do better in their next match.

 Sterling suprisenly contributed alot to the teams performance today against Burnley he gave trouble to the Burnley defence line and contributed to the 1st 2 goals they scored and if he continues to perform well or even better than this he could end up being the star player for chelsea this season.
However Ten Hag should be grateful to McTominay for saving him from being backlashed by them fans today, cause alot of fans would had been ranting on the media and calling on the board to sack him.
Chelsea were superb today and not in just todays game but their last 3 games. It’s been wins all through and that tells a lot about what the team could be capable of and the work Pochettino is putting in on his boys. Sterling was just running down the whole of Burnley’s defense to ensure they got the best of them, scoring a solo goal and even having one deflected right into the post after another solo run. Committed the Burnley defense to win a penalty and even created the ball that lead to the N. Jackson goal. It was awesome from him in today’s match day live.

I don’t see how Ten Hag would be anything short of praise and gratitude to McTominay for coming off the bench and scoring 2 goals in less than 5 minutes within the plus times to enable Manchester United take the lead. It was a lost course already with the compact nature of the Brentford defense but, McTominay was better positioned every time and this time, Maguire was on the assist!
807  Economy / Gambling discussion / Re: [banned mixer] 🦁 Fantasy Premier League Pool ⚽ Discussion Thread on: October 07, 2023, 10:19:58 PM
Rashford is the most useless fantasy pick of all times. He's on a 3,5 points average.
Hahahahahahaha, surely this makes me smile. At least seeing someone having same thoughts as myself been in the same Rashford predicament. One thing I know for sure, he ain’t staying on my team until GW9 on my team. Maybe I don’t get to wait longer than tonight to let loose of him. I’m thinking Maddison or even my transfer funds allows, then Son would be a best pick.

@igebotz congrats on the sterling returns after 5gws  Wink

He earned himself another GW today, he did fantastic! Every time I tried to remove him from my team, he gave me reasons not to. I considered getting Palmer for the entire week but opted to wait until after the international break. Now I'm wishing I had done it sooner.
A compensation for sure but not enough for 5GWS still, it’s better than none as the case have been with him for a while. GW8 seems to have been all about Sterling, he made the Chelsea fixture against Burnley his game by being involved in all the goals.
N. Jackson needs some consistency else, he would be a very good pick in weeks to come.
808  Other / Beginners & Help / Re: Secret of investing no one tells you about on: October 06, 2023, 03:38:18 PM
1: Being patience:
2: The ability risk management:
3: the power of knowledge:

For a successful investing journeys, one must observe this above 3 master keys of investing .
Here I was expecting something overly different, something off the books but, it appears your secrete has been an open secrete all along still, I can agree with you they are a need to know and practice when it comes to investing in not just the cryptospace but, any field of human endeavor as a whole.

Unfortunately, patience isn’t something that everyone is equipped with. It seems like a luxury many can’t have and I don’t blame them. Patience involves you having to watch time fly by, while others are busy archiving life’s goals, making an impact while you watch for yours to unfold with so many wraps of uncertainty.
The good news is, it’s does unfold and it’s better late than never.

Use the time you spend waiting to learning new things and how to improve the performance and process, you might not notice the time flying by or the people you look at for discouragement.
809  Economy / Trading Discussion / Re: Is a 20% Annual Return good ? on: October 06, 2023, 03:12:28 PM
With my experience in the cryptocurrency market, I decided to develop a short-term Bitcoin spot trading strategy using the TradingView platform and its strategy programming tool. I managed to create a strategy that yields an average annual return of 20% according to backtesting. My question is, is this return acceptable, or in your opinion, what would be an acceptable or good return?
I feel this is a question only you can answer as, it largely depends on what’s your plan on your trade or capital. I could have even 50% of my capital and still be unsatisfied with the outcome. At other times, I could hope to have several roll over of my capital before the years end and when that isn’t the case, I don’t feel so archived in my aims.

Again, it’s a question of capital. How much capital have you got, how much are you actively trading with and how reliable is your trading strategy. Is it really as it is or you’re just inferring.

Hence, it’s really up to you and I don’t think with a good trading capital, you’ve got much not to be pleased with on a 20% ROI.
810  Economy / Trading Discussion / Re: My experience as a beginner trader on: October 06, 2023, 02:56:47 PM
There are no experience mate Grin you lose  as a beginner to become a stronger trader  Smiley so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning  till you  can say "Gone are those days " Grin
That’s a really funny start, real funny!
Anyway, even for a beginner, there are experiences with trading. Even if it’s just loses, there is an experience in them loses, in the signals (not signals from a group but, like the signals you get from the candle sticks; double to “M”, double bottom “W”) and the rest of those. Whatever you reason for picking your entry and exits are, what was it, how it played out, was it as expected or the other way round… Those are experiences.

In a profit situation, how did you handle it, what signal got you in, at what point did it change, how did you manage the situation, what tricks did your emotions play on you…

Those too tells the story for a beginner and not a blunt LOSE!

In the phase of all that, you need not to be discouraged. Better still, don’t go live until you develop a strategy that comes with some reliability for you.
811  Economy / Trading Discussion / Re: When Trading becomes Unfavourable on: October 06, 2023, 02:45:57 PM
Changing the plan or trying to increase your position in the middle of the trade is one thing that can bring about unfavourable result especially when its basically to increase your profits because the trade is playing out as predicted.
One thing is not having the right entering point from your analysis and along the line, you choose to change. It’s as deadly as it sounds because, I trend is supposed to last for just a good enough time and then it changes. Now, haven’t identified the direction of a trend and it happens to not favour your analysis and you choose to change your trading position based on the current trend’s direction, you could as well experience a change in trend direction and that would be more damaging than having maintained your earliest analysis.

You just have to stay your course, better still, have your take profit and stop lose set up and when you just can’t endure it, you leave the market or trading for the day.
812  Economy / Trading Discussion / Re: How to Cash without KYC? on: October 06, 2023, 12:40:26 PM
Not all exchanges require require a compulsory KYC to operate. What they do most times is a pseudo KYC where you get to register with at least something personal like your mobile number (contact) or/and your email. Just these and you’re in. The trick used here for accounts with no proper KYC is the withdrawal limi and that plays out in the form of coin withdrawal to a wallet and not the typical p2p transactions carried out on the exchange.

Where KYC becomes a necessity is when you want to increase your withdrawal limit. There, you have to go through KYC for an upgrade and that is optional.
I know of Remitano to do that but, you must confirm if it’s functional in your jurisdiction before giving it a trier.
813  Other / Beginners & Help / Re: The fear of investment on: October 05, 2023, 10:58:55 PM
Hello friends

In our modern society, the fear of being scammed by king pins and other fake platforms has made many people to loose interest in investing bitcoin.
Some of the ideas that people carry about and it’s customary to some of investments is that, you tend to get periodic returns on investment. This has been some of the bases why you find new Bitcoin investors seeking packages with investment firms with hopes of having their money invested to get regular periodic returns.

Most of these tunes out to be acclaimed promises because, the market is unpredictable and even the self proclaimed experts can fail. So will the company and missing goals your coin.
That’s why. It’s better you learn to do it yourself or don’t do it until you feel your ready.
814  Other / Beginners & Help / Re: [Guide] How to Add image on Bitcoin Talk Post? on: October 04, 2023, 11:49:06 PM
Exactly mate and I get the picture that OP knows it too but just chooses to ignore anyways or just wants to number in the lots of them out here on the forum. Let’s just say the search button isn’t that attractive or have got much use to it on the forum!

Oh look, the one in OP have got some uniqueness to it,,, it actually graduates you so, congratulations in advance when you follow those steps. You would be a certified bitcointalk image poster, lol…

Good job OP but uhmmm, we have a lot of these resource here anyway, maybe yours will stick around the board for a while and get washed up like the others as well. Then, I hope to see yet another one.
815  Other / Beginners & Help / Re: Let fear to lose be motivation to learn on: October 04, 2023, 11:41:58 PM
I must say, you’ve got the right idea for the subject.

Most people view fear for a signaler to stay away, don’t go there, it’s scary, your going to lose and more of those sort of ideas but, that’s hardly the best way to use fear. You don’t get much benefits or use from fear if all you perceive it as is that, you abstain from an activity. For shirts, you might escape some undesirable consequences from not doing it right in an activity but,

Fear should rather scare you into taking all the necessary steps to ensure you do it right. To evaluate every move before you execute and not make an error in your steps. That’s how you use fear, you make better plans with fear of loosing and not by being way too excited about an idea or innovation.
816  Economy / Economics / Re: Early Retirement [Pros and Cons] on: October 04, 2023, 11:32:47 PM
I think you're referring to those who are actually passionate about their job and are able to have a work-life balance. However, in contrast to your point, there are individuals who cannot wait to retire and finally live life and catch up to everything that they missed out on while they were too busy working.
Catching up on the good and missed things of life?

Is there anything that is really stopping those with this idea of a catch up on life from doing it side by side… work sometimes and actually take times out for vacations and enjoy life from where they might have missed it?

Retirement isn’t something you decide if you ask me. It’s something that actually decides for you. Of course you get to make the call but, you make that call when your strength and sense are failing you. That’s when you know it’s right to retire.

No matter how much life you seek to enjoy, there are always a lot that would still float right pass you. Don’t be taken by the idea of you’ve accumulated enough, it’s never enough when you look at it from a generational point of view.
817  Economy / Economics / Re: Women are more economical than men. on: October 04, 2023, 11:23:52 PM
~snipe~
I don’t subscribe to your idea of women having to be more economical than men. In a way I might agree but, that would be in instances where the woman is the man. I’ll explain;

Like you’ve rightly stated in OP, men a pushed to spending by a sense of responsibility. These responsibility can play out in ways of being responsible for your family, relatives, friends and the people around you which means, most of the things your to be spending on are a necessity, perhaps not all but being moved by a sense of duty makes it a need to do.
Women on the other hand, they don’t just give a fvck. At times it’s more like I just need to get this done or buy this and that and they just do it.

Although, the case is different when that woman is the man. When that woman don’t have a man at the apex of her affairs or when the man isn’t owning up to his responsibilities. That makes the woman very much a man and I tell you, she would understand how to scale her expenses even better than a man would. There, you can say the women becomes more economical and that’s because, the woman is out here thinking like a man.
818  Economy / Economics / Re: The Role of Education in Financial Literacy on: October 04, 2023, 11:08:15 PM
Most people are lose in trading, I'd say it's better for people to learn about hard skill e.g. engineering, agriculture, accounting, etc than trading because not everyone are successful by learn trading.

If it comes to other education system you mentioned,  like engineering,  agriculture,  accounting etc,  Are you sure about these people after doing and getting these skills will not do any loss in their own field? If I can say about my country,  there are some people who are engineers and they didn't have a job even they have their engineering degree's,  I have seen some people there spending 5-10 years in a specific field and doing their studies in a specific field but after completing their studies they are still jobless. Wouldn't you think, trading is something better than these? I'm not saying trading will give you 100% success but it is still better than studying for that much years and still jobless,  especially in our country.

I hope you will get the point I wanted to explain,  also education plays an important role in all these aspects.
To trade, you need finance, not except you’re actually trading for someone and that translates into a job won’t it?

The pay here doesn’t make no difference but, what seems to be the case is that, you’ve found a way to render some service or provide a valued product that could be exchanged for money.

Now, what stops you, haven’t gone to school and spent whatever year you exhausted in getting a degree, what keeps you from trading afterwards or offer some services, start a business that might be outside your field or skill and when your well financed, you could start a business in your field.

Education don’t always prepare you to be an employee, it also prepares you to be an employer of labor. If your continually shift to one side and it’s just working out, take steps towards the other side.
819  Local / Nigeria (Naija) / Re: Government Really Value Our NYSC? on: October 04, 2023, 10:54:55 PM
NYSC na very serious program way dey run a very serious scheme for we nation. E dey so compulsorily way be say, even if na for abroad you school, you still need NYSC certificate if you get any hope to do something with government for the nation.
Every life dey valued to government, especially those way don dey called to answer the clarion call. Even soldiers when you dey camp no go treat you unjustly without good reason. You fit take an up with them and they would be punished.

Kidnap na matter everywhere for we nation and everybody, anybody got be victim. Yo think say government or the NYSC program, state coordinator and the rest of the officials way dey I charge of those corpers that got taken na to undermine watin them dey put in. Still, Thai matter no dey easy as, them got do there job while ensuring no more casualties or give reasons for these kidnappers to kidnap more because, e no dey hard them.

Them understand the value of the program and no go want am to dey scrapped out of existence and so, government go dey try to ensure safety.
820  Other / Beginners & Help / Re: Be careful were you put your hard earn money on: October 03, 2023, 11:43:36 PM
you should know that no matter the punishment for the person behind these scandals, there will always be bad actors in the crypto ecosystem at the next bull run .
We need to be sure where we put our money, no matter how solid the project or exchange looks like, if the founders mismanage people fund,  we will be burned if we don't take the necessary measures, imagine those who believe Do kwon's Luna.
The one thing we can never be is having that assurance of safety when you’re not the sole control of where you put your money or bitcoins. It’s almost impossible for one to benefit all there is in the cryptospace and not having to take some risk with the centralized systems that exists within its space.

These systems gives you the leverage to have access to certain services and in turn, they control and manage your funds in ways that they hope to profit from your hodlings with them but, you can’t ultimately be right at all times with bitcoin or cryptocurrencies.
There are rainy days to every investment and means to profiting from funds in a custodial system which could be mismanaged and in turn count in loses.
It stresses the need to be more non custodial but, we are sure to have some new victims in due time.
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