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861  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: July 28, 2023, 07:21:57 PM
Bernardo Silva was an integral part of the treble winning squad of Manchester City last season and because it'll be difficult to get another player to handle the right flank of Manchester City attack like he did last season, I know Manchester City wouldn't allow him to leave the club this summer not when Riyad Mahrez has already left the club.
The Portuguese's electrifyingly skills of dribbling past opposing defenders and creating scoring opportunities is another reason why City would rather keep him than allow him go. It's surely a good decision by City management to keep such a quality player for the club
~snip~
 they will not be bad just because they lost one player.

I comprehend that the only absence of a single player from the team won't render it entirely useless. Nevertheless, the expulsion of a presently active player is likely to disrupt the team's chemistry. So I don’t know if that is the best decision to make. The thing is if they sell one player who is currently playing in the squad and whoever they bring in next actually performs well, I don’t think they will have any big issues.

No one will actually even talk about the previous plan. Everyone will appreciate the move. But the problem is if the new player does not perform as expected, or at least as well as the last player, a lot of people are going to talk. And the more important thing is the team chemistry is going to be broken. I just don’t think that it is a good idea to sell a player when they will probably have to spend that money or probably, even more, to bring in another player.
862  Economy / Gambling discussion / Re: Germany League - Bundesliga Prediction Thread on: July 28, 2023, 06:54:56 PM
Bayern Munich's last match was against Man City. After watching that match, I am more sure that bayern munich needs a number nine anyway, a central forward is definitely needed. For a long time, but there is a stir in the transformer market, Harry Kane is very close to going to Bayern Munich. There is no difference between Harry Kane and Bayern Munich, while Tottenham is trying their best to keep Harry Kane. Bayern will make a third bid even after two bids are rejected. Now it remains to be seen if Bayern Munich can finally make a bid of £100 million or more to sign Harry Kane with Bayern Munich.
Bayern seems really keen on getting Kane. They've adjusted their budgets and I think we'll hear about the transfer in a few days. In the statement they made 2 days ago, they stated that they wanted Kane very much.
Kane will be a very important and valuable name for the team, we can say that the team needs such a critical transfer after the bad course at the end of last season Smiley
If Tottenham keep holding Kane, are there no other options for Bayern Munich to really bring Kane in this transfer window. Maybe for example, like making an option by exchanging players, maybe exchang Mane to get Kane or exchang with another player. Because after all, Mane current position also doesn't seem to be really needed in the Bayern Munich main squad. But maybe, Mane can still do well in the Premier League even though he has to play at Tottenham. If this option can be implemented, then of course it will probably be possible for Bayern Munich to see and or consider Kane performance first in at least for one season. But yes, I also think that scenario seems very unlikely to happen, but who knows if they do something that previously seemed impossible, but it could become a reality.

I know there could be a  few Tottenham fans here. But I am just going to say this. Should Tottenham persist in restraining Harry Kane's departure, their actions shall incontrovertibly manifest the club's astounding ineptitude. This is why they are not improving as well. They clearly know very well that the player wants to leave the club. they also know very well that they can get a good amount of money for the player as well.

At more than 30 years of age, there will be getting more than 160 million for the player (last what I heard was about the offer of 180 from Bayern Munich, I believe). And they are still not letting the player go. Can anyone answer me what they are actually trying to achieve? They can just sell him and get another player who will be younger and will have good potential.

But no. It feels like they cannot live without Harry Kane. At this point, it is not about Bayern Munich being able to get Harry Kane. At this point if Tottenham are unable to sell him, they are stupid.
863  Economy / Gambling discussion / Re: ODI cricket and general cricketing discussion [self - mod] on: July 28, 2023, 05:22:04 PM


Ireland women's team have given a target of 217 runs to Aussies team. Orla Prendergast was the highest run scorer from Ireland side as she scored 71 runs on 109 balls. Ashleigh Gardner and Kim Grath both took 3 wickets. Australians have started batting and so far they have scored 38 runs in 6 overs without losing any wicket. Looks like an easy win for Australia Women.

Australian women did not face any major challenges in this women’s international one day match against Ireland. Australian women won the toss and decided to bowl first. That was a wise decision. From Ireland, only Orla Prendergast was able to score a good amount of runs. She was the only one having a good score beside her name. No one else was actually able to have a good score.

On the other hand, Australian women did not even lose one we get to chase down the target of 218. Both the Australian openers got a century each. A very dominating win for Australian women.
864  Economy / Speculation / Re: Will btc drop to 27k? on: July 28, 2023, 12:21:25 PM
Will btc drop to 27k?
Are you a long term investor or trader? If you are a long term holder, what is the difference between $27k and $29k? I mean, the difference is not too big for you to consider and you should use the DCA strategy instead of waiting. If you are a trader, I think you should analyze and draw your own conclusions instead of asking someone. Bitcoin has always been, it remains unpredictable and no one will have a crystal ball to answer your question.
865  Bitcoin / Bitcoin Discussion / Re: A neighbor next door on: July 28, 2023, 12:06:36 PM
Why am I living next to a person who is connected with drugs, and why I havent done anything yet to stop that or change that situation - that will be my first thoughts about such situation. My other thoughts will be - why someone knows I am into Bitcoin. I would better keep that in secret. I would not teach such person anything about Bitcoin, as I dont know how things gonna go in future. Who knows what he will tell when he will be arrested. From a merry teacher I can quickly be turned into partner in crime.

Do you mean OP should move house and stay away from neighbors like that? But how to avoid it all when everyone has their own secret? What guarantees that OP's new neighbor won't be a drug dealer but a murderer? As long as we keep our distance from them, we will be safe with them, no need to stress because we won't know all their secrets until they are revealed. But I agree with you as well as many of the previous comments, OP should find a way to decline the offer to teach bitcoin to the other neighbor. It is still best to keep a certain distance from people who have illegal jobs.

There are no guarantee that new neighbors are not going to be drug dealers or worse, but living next to a drug dealer a do nothing about is wrong. Make an anonymous call and let police check him and his flat or house. OP dont need to move immediately, but he must first do something about that criminal element, instead of thinking should he teach him or not. My advice is either tell police about his activity, or ignore completely.

Criminals will not be stupid enough to hide drugs in the house or carry them with them at all times, so if OP doesn't have any proof and calling the police won't help either. I really find this solution unsafe at all unless OP has concrete evidence and is sure that the other drug dealer will be caught as soon as OP calls the police. Otherwise, the OP will be in jeopardy with his actions. I will agree with your 2nd solution, OP should ignore it entirely and continue living a normal life as before.
866  Bitcoin / Bitcoin Discussion / Re: A neighbor next door on: July 27, 2023, 11:53:24 AM
Why am I living next to a person who is connected with drugs, and why I havent done anything yet to stop that or change that situation - that will be my first thoughts about such situation. My other thoughts will be - why someone knows I am into Bitcoin. I would better keep that in secret. I would not teach such person anything about Bitcoin, as I dont know how things gonna go in future. Who knows what he will tell when he will be arrested. From a merry teacher I can quickly be turned into partner in crime.

Do you mean OP should move house and stay away from neighbors like that? But how to avoid it all when everyone has their own secret? What guarantees that OP's new neighbor won't be a drug dealer but a murderer? As long as we keep our distance from them, we will be safe with them, no need to stress because we won't know all their secrets until they are revealed. But I agree with you as well as many of the previous comments, OP should find a way to decline the offer to teach bitcoin to the other neighbor. It is still best to keep a certain distance from people who have illegal jobs.
867  Bitcoin / Bitcoin Discussion / Re: What if salaries were paid in BTC on: July 27, 2023, 11:41:32 AM
A friend of mine in our discussion today about Bitcoin was insisting that salaries and wages be paid in Bitcoin in some countries.
I was of the opinion that the government will not allow fiat to be replaced by Bitcoin .so what is your take on this will it be a positive move on the Bitcoin ecosystem or not

If companies decided to pay their employees' salaries in Bitcoin then this only means one thing, there will be a huge demand for Bitcoin because these companies have to buy Bitcoin in order to pay their employees, and imagine how many companies are existing out there.  Anything that provides demand in the Bitcoin market is a good thing for the ecosystem because it will strengthen the Bitcoin market and at the same time make the price of Bitcoin surge.
^Exactly and on the positive side, adopting BTC for payments could have some advantages for the BTC ecosystem. It could increase mainstream adoption and usage, leading to more widespread acceptance and potential price stability, and using BTC for salaries probably reduce transaction costs and increase financial inclusion, especially in regions with limited access to traditional banking services.
However, it is important to recognize the challenges and potential risks as well because it is possible governments and central banks often play a role in regulating fiat currencies and monetary policies. The Concerns about potential tax evasion, money laundering, and lack of consumer protections could further impede widespread adoption.
I remember a few months ago a member who was claiming that he was being paid in Bitcoin. I'm not sure if his story was true, but let's suppose it was. Personally, I wouldn't opt for it because salary is part of the money you use to satisfy your daily needs, such as paying for groceries, utilities, rent, and so on. Thus, something as vital as your salary, which is deemed a necessity for your livelihood, isn't advisable to count on a currency that is volatile and may be subject to large price deviations from one moment to another. Moreover, so far, it's not as versatile as fiat money, at least not yet; only a few merchants have adopted it throughout the world, and making transactions isn't as simple as paying with your credit card. Whether we like it or not, Bitcoin is more of an asset than a currency. I'd rather set aside X amount of money each month and invest it than be fully paid through Bitcoin.
I agree with you, I will also continue to choose fiat for salary instead of bitcoin. I like its volatility in investments, but I don't like its volatility affects my daily living expenses. Moreover, it becomes even more pointless to receive salary in bitcoin because we also need to convert to fiat as soon as we receive it because fiat is still the commonly used currency, not bitcoin.
Bitcoin is already an asset, we don't even need to wait for the government to accept bitcoin as an asset or currency, we ourselves have made bitcoin an investment and not a currency. So I doubt who is supporting this idea.

I can't take the volatility either, like right now I receive my salary in USD, but we know that USD keeps going up and down, and sometimes when I sell it to my currency, it is already down, and I can't take it because I have less salary. That is why I prefer to be stable, and we know how volatile Bitcoin can be. If it goes up, then for sure we will be happy, but if it goes down, that is really a problem. For sure, a lot of people prefer local currency to bitcoin, unless you are just making your salary as an investment, like accumulating bitcoin and holding it for a couple of years.
If you still use fiat for transactions or to meet all your needs and pay installments or something else, it's useless if you receive a bitcoin salary. Because if your salary is only enough for one month's needs then your bitcoin will also run out and if the price drops drastically it will torture you because your salary will decrease in value and how can you meet your unmet needs.
except that a stable bitcoin price might make sense, and for now bitcoin is only good as an asset, or a long term investment that will make you rich in the future and also not to be used if there is no urgent need.

I also oppose entirely if my main job is paid in bitcoin because my whole family depends on that money, and I don't want bitcoin volatility to affect my family life. No matter what anyone says, we don't need to lie that we feel satisfied when our wages are paid in a volatile currency. Unless those people don't need to use their monthly salary, and it would be a bad idea to accept bitcoin payments for people who depend on their monthly salary. Bitcoin is not a stable currency and it is not suitable for payments such as wages.
868  Economy / Gambling discussion / Re: 2023 NBA Season on: July 26, 2023, 10:18:55 PM
~snip~
He became the living proof that the NBA can be made without being drafted. I hope he will be successful there.

It is an undeniable truth that the veracity of the matter resonates deeply. Notably, his performance has exhibited commendable qualities. Well, what am I saying, his performance has to be good to actually be brought in by the Chicago Bulls. I also hope that he will be able to become successful in the NBA.

A few people are actually saying that Chicago Bulls might have not made the right decision. But I think it actually was a good decision. If it is the right decision or not, we will be able to see in the future. He is only 24. So he has time on his side. And I also hope he will be able to improve.
869  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: July 24, 2023, 07:15:43 PM
Ireland vs Austria
Ireland and Austria match has already come to an end and it was a very captivating contest. Ireland displayed their impressive batting abilities by setting a lofty aim of 226 runs. But Austria batting was dismal bowing under the weight of the situation and scoring just 98 runs with every player out. Lorcan Tucker outstanding performance in which he scored 94 runs off just 51 balls and came tantalisingly close to a century and Ross Adair 46 runs off 24 balls both merit praise. Congratulations to Ireland on their dominant victory which was won with a margin of victory of 128 runs.

It comes as no surprise that the effortless victory of Ireland is met with no astonishment. After all, they are on the better team and also the team who has the better experience. And by better experience I mean, experience to play against all members of the ICC.

So it is obviously expected that Ireland is going to be the better team going into this match. That is exactly what we saw happening in the match. Any team winning by a margin of 128 runs is a huge win in T20 format. This win by Ireland was able to show how dominant they were in this match. Lorcan Tucker missing his century was a little sad, to be honest.
870  Economy / Gambling discussion / Re: French Soccer League Predictions and Discussion Thread (Ligue 1) on: July 24, 2023, 06:42:59 PM
Messi's departure wouldn't be an enormous problem for PSG. I must admit of course that his contribution to the team so far has been really great. However the thing I mean is that PSG were already strong before Messi came as well. They even reached the Champions League finale in his absence - 2019/20 season. Hence PSG can make up for his absence again from now on as well.

But Mbappe is the most critical player for PSG undoubtedly. He has always played the biggest role in PSG's successes so far. PSG are also aware of it that they offered an enormous contract to him later on. However now there is really no way they are keeping him longer.

Mbappe has made up his mind to leave now or next summer at the latest.

I still believe that Lionel Messi had a very good contribution to the PSG squad. Notably, amidst PSG's multifaceted challenges, Messi's commendable performance remains somewhat overshadowed. Obviously, they had a lot of problems, not being consistent enough and also the problem of Neymar. And also there was a problem with the contract of Mbappé. But at the same time, I don’t think Lionel Messi leaving the club is actually going to be a big problem for PSG. They will be able to bring in new players. Because they obviously have the money to do that. But I think they will have to bring in quite a few players because the players that they already have are very interested in leaving the club.
871  Economy / Gambling discussion / Re: Germany League - Bundesliga Prediction Thread on: July 24, 2023, 05:18:51 PM
Marcel Sabitzer possibly will be joined to Dortmund this because Dortmund is really required new midfielder especially after Bellingham left and the latest is Mahmoud Dahoud who leave Dortmund to Brighton so Dortmund really want to bought more players on midfielder position to strengthen their squad and Dortmund thought Sabitzer is the right player for them and the good news for Dortmund is Bayern Munich are will not hold Sabitzer and they are willing to release him especially Tuchel have a plan will not used Sabitzer service again so that's why if there is good offers who came to them for Sabitzer transfer then Bayern will sell him immediately however previously after loan duration ended Manchester United will thinking to permanent Sabitzer but apparently it just a rumour because Manchester United don't have any plan to buy him
Sabitzer's transfer was completed and he moved to Dortmund. It was a very important transfer for Dortmund, the team's roster was weakened and they needed such a player.
I think they still don't have enough squad to be the champion, but if they can strengthen the squad with transfers like this, their chances will increase Smiley
The thing about Marcel Sabitzer is he was under contract with Bayern Munich and I was expecting to see Marcel Sabitzer having some players because he is going to be transferred from Bayern Munich, and Dortmund is the main competitor for Bayern Munich, but the interesting thing is these two teams are main competitors but still they are doing friendly transfers.

I believe that Dortmund has actually paid more than 21 million dollars for Marcel Sabitzer. This is obviously a good deal for Dortmund in my opinion. This is obviously going to be good for Dortmund because the supply from the midfield is going to be better now.

I actually agree with @xzone that they still do not have a really good squad with which they will actually be able to win championships. But at least they are trying to improve and I will have to say that they are doing a pretty good job at it.
872  Bitcoin / Bitcoin Discussion / Re: Bitcoin: Bull/Bear Market Which Do you Prefer? on: July 24, 2023, 09:56:16 AM
Almost everyone in the forum loves the bull market than the bear market though it has not scientifically proven but people love the bull market more than the bear market, and upon known this, there are some people who are interested in the bear market because they are using the bear to accumulate and store their wallets with enough bitcoins so I decided to know the opinion of the forum users. Among the two which of them do you prefer, is it the bull market or the Bear Market? And why?
Some are investing for the bull market  and once the bull market comes they offload the wallet. While.some are perpetual in the holding both in the bull and the bear. So where do you belong? Is the bull market is more important than the bear market? And if I may ask, which one is the best?

Most people love bull markets as they are always seen. But the crypto market is not always in the same position, it depends on the ups and downs. If the market is a bull market for a period of time then a bear market starts again. Those who follow the right time to invest in bitcoins follow the bear market. Most investors predict that investing in a bear market and waiting for a bull market can be profitable in the future. I think bear and bull markets are always needed for market investing so I prefer both. To begin with I would invest in a bear market and hold until a bull market is the best way.

Of course, both are equally necessary and important, but I agree with the idea that people prefer bull markets to bear markets, and that's completely normal because bull markets are easier to create in the short term. For me, I never thought about which market I prefer. Whenever I have money, I like the bear market so I can buy it at a low price, but when I buy enough of what I need, I want the market to go up so I can make a profit. But we can't decide when the market goes up or down, so I just stick to it and do what's happening. In a bear market I will focus on buying, in a bull market I will take a profit.
873  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: July 23, 2023, 06:04:18 PM
I prefer to see lautaro play in saudi league.
Why would you prefer a player like Lautaro Martinez to play in Saudi Arabia? He's still very good and he's one of Inter's most important players. If Inter are in a tough spot does that mean they should sell all their important players? Won't that put they in an even more difficult position? They're not the only club with debt and they can manage it.
I believe Inter will reject an offer for Martinez except that offer is too good to be true. Paying off their debt is not the only focus of the club and selling player is not the only source of income. Things are bad for Inter, but not as bad to an extent where they can't even keep their few big players.

@harapan, I understand what you are saying. But I also want to see him in the Saudi League. I said that because I want to see him play alongside Cristiano Ronaldo in Al Nassr. That is going to make the team a lot stronger and they will basically win Almost anything in my opinion. But that is not going to be the best thing for his career in my opinion. He still is playing really well, and he should not go to a league that might actually end his career. And I think if he does end up going to the Saudi League it is going to potentially end his career. At least he’s not going to be in the competitive scenario anymore.
874  Economy / Economics / Re: Inflation is making a mess of my savings. on: July 23, 2023, 03:13:13 AM
All commodities increase in price during periods of inflation but will be uneven, chicken can rise above 4€/kg, but other foods demand less so prices will increase less. So you cannot say that the inflation figure is incorrect. Prices will depend on supply and demand, for items that are not in high demand, prices will hardly increase.
But you are right, prices will hardly change even if inflation falls, but this can be caused by traders deliberately manipulating prices and governments being too negligent in stabilizing market prices. And the salary increase needs to be considered to balance everything, if the Government rushes to increase wages, they will face many difficulties in controlling inflation.
That's how inflation works in theory; in practice, I haven't seen what you're claiming. Supposedly, inflation is the average percentage movement of a specific list of goods, but in reality, I haven't seen any goods decrease in price. Everything has gone through the roof, so your statement is invalid. All goods have increased in price; I haven't seen a single item being cheaper than it used to be. It's a complicated matter; it isn't that simple to increase wages. The main issue is that after prices increase, even after the condition is settled, they'll never return to where they were. This, in my opinion, is pure speculation that goes without any monitoring.
In my country, the price of gasoline has dropped to almost pre-war levels, leading to a drop in prices for many commodities. I remember correctly, not too long ago there was a topic about the lack of onions and eggs causing the prices of these two items to soar that many people could not afford to buy them. But meanwhile, onions and eggs in my country are still cheap foods that anyone can afford. Not to mention electronics in my country are cheaper than ever because demand is slowing down, and they need to lower prices to stimulate demand... and many things are changing.

You are right, we will never return to the original position but in terms of macro factors such as increasing population causing increased demand, impacts caused by nature… there are too many problems, and it is difficult to solve them all. So over time, things will get worse, and instead we should find ways to adapt rather than blame and complain.
875  Economy / Economics / Re: What are some financial secrets that you know of? on: July 23, 2023, 02:44:04 AM
~snip~

Yep, right, that's what I was trying to do on my first reply, asking for an experienced forum member.
However, I think both are equally important, it's true that an expert is more theoretical, but that's not bad. People with experience may life through a bad financial decision and solve it, but most of the time they wont be able to explain the 'why' and 'how', an expert eventho they are maybe not actually experienced what they say, they most likely will be able to explain the possible action and what will be the risk and benefit of the action they suggest.

I still lean more towards the more experienced, but if you can, you can combine advice from both to make the best decision for you. But in life, there is no better piece of advice than experiencing it all yourself. So that's why I rarely seek advice from others, and I find the answers myself. I mean, I will always take into account the worst case scenario that I will face and if it fails, I will try to start over again until I succeed. Because everyone's life is different, sometimes what works for them may not work for us.
876  Economy / Gambling discussion / Re: Tennis League All Thread on: July 22, 2023, 10:12:46 AM
If we are talking about Djokovic, no doubt that he has that mentality to come back strong. There are games that I think he deliberately lost the first set, and then come back strong in the next succeeding set to win.

But with the rise of Alcaraz and him relegating to number 2 spot, Djokovic will have to dig deeper now. The thing is that he is not the young player that he is. So if he wanted to maintain that top form or at least fight the young guys in the tournament, Djokovic will really have to be focus and his mind should be sharp as ever and have the positive mentality that he can still get that 1 Grand Slam.

Undoubtedly, Djokovic will need to exert tremendous effort in reclaiming the pinnacle of world tennis. He also knows that very well. He is going up against the best of the world. He should also realize that he is getting all day by day. So he will have to do everything quickly. He does not have too much time left in his career. Even though I think he has achieved almost everything that he wanted in his career, he might want to have some more achievements. Novak Djokovic, getting one more Grand Slam in his career, does not actually look very impossible, to be honest. If anything, it is still very possible.
877  Economy / Gambling discussion / Re: 2023 NBA Season on: July 22, 2023, 09:58:26 AM
Perhaps they are still very young then, if and my memory serves me right, they have to trade Harden then to ease their luxury taxes. But I do agree, what if prime KD, WB and Harden playing at OKC. And then they have Ibaka and Perks at the middle and Fisher at guard position.

They could compete back then, but I guess they don't have the experience back then. And then KD moving to GSW was the final nail in the coffin for them as WB can't carry the team although he has the best statistical numbers for him and won MVP.
They reached the NBA Finals but lost. After his season with the OKC, Harden had a great offer, so he had to leave OKC and join the Rockets. If I'm not mistaken, it was a great decision for him, as most players would always prioritize what they make over winning a championship, especially if a player is relatively new.

In my personal opinion, it is crucial for every player to consider the financial aspect of their career. Naturally, when a player displays exceptional skills, they attract the attention of larger teams, which offers them an opportunity to earn a higher income. Hence, there are instances where players opt to join better quality teams rather than focusing solely on monetary compensation. However, I believe this approach can be misguided because even if a player performs admirably within their team, people will ultimately question their achievements should the team fail to secure victory, that being the ultimate expectation from fans and supporters alike.
878  Economy / Economics / Re: What are some financial secrets that you know of? on: July 22, 2023, 08:12:13 AM
All of the replies said there is no secret, and its probably true. Maybe the question should be revised, 'What are some financial tips that actually work, that you know of?'. I am on my late twenties now, and to be honest lately I made a lot of bad decision on my financial.

I would really like to hear some of advices given by people on their 40+, I lost my parents on my early twenties, so I couldn't ask them before I realize I need to make good financial decision.
Why not consider seeking the counsel of a financial advisor who's around 50 years old? I'm sure everyone has made mistakes in handling their finances, but those experiences can serve as invaluable lessons to encourage greater caution in money matters.

It's unfortunate when someone acknowledges their financial decisions are wrong, yet they refuse to stop making them. This situation won't improve their financial well-being unless they start heeding advice from a certified financial advisor.

Actually I have, I went to a financial advisor, not a 50 years old, I don't think the age matters if it's a professional. All I am saying is that we can take much lesson from both expertise and experience, that's why I said 50 years old because I am just curious of how their experience handling their financial. The same as we can learn from both mistake succeed.

If I were you, I would also seek advice from people with real-world experience rather than going to a certified financial advisor. Because in my opinion, they are just trained experts but only in theory, and most are not people with outside practical experience. I wonder, if financial advisors are really good at managing their finances and can give advice to others, why haven't they become rich yet? I'm not saying their advice is completely useless, but the advice of those with practical experience will be more effective.
879  Economy / Economics / Re: Do you think selling your property is better than taking loan? on: July 22, 2023, 08:00:56 AM
And which of them is a better option, to sell property or to take a loan?


If in that situation, I need to see what property it is, if it is rarely used and not required, I will sell it. And if it is a great value property such as a house, car, gold, silver, etc., I will consider borrowing money to solve the problem rather than selling my property. For me, selling assets will be considered a last resort when there is no other option, because I think selling is easy but buying back is extremely difficult, especially for valuable and scarce assets.
880  Economy / Economics / Re: Inflation is making a mess of my savings. on: July 22, 2023, 07:49:31 AM
How are you guys pulling it through with this inflation?

Hasn't inflation always been a problem in the world? but humans always have a way to overcome it because humans can always adapt well to everything that happens.
You can't fight inflation, which can be done by making adjustments so that you can still meet your main needs in full, one of which is by looking for additional income, just complaining won't change the situation and saving is only useful when things are urgent but to deal with inflation you have to start investing, right? just save because your fiat money will always go down in value.

If people take a moment to learn about how the economy works, they will know that inflation is a part of the economy and it is always present in our lives. But most people won't feel it because it's under the government's control and doesn't affect them much, so they don't feel it. Most people just focus on enjoying life in a stable economy, they are not prepared for unexpected bad things. So when inflation gets out of control, things go bad quickly and they start complaining and blaming anyone.

Indeed, instead of trying to overcome difficulties, many people just complain and blame others even though it doesn't change anything for them.
1–2% of yearly inflation is reasonable and is supposed to be healthy for the economy, showing growth. However, excessive amounts of inflation aren't healthy at all and are putting a huge burden on the average consumer. In Greece, inflation hit an all-time high of over 40 years, surpassing 12–13%, which, in practice, isn't accurate at all. I used to buy chicken at €6/kg, and now it costs €10/kg; that's an increase of over 40%. On top of that, the increasing costs of gasoline and electricity aren't included in inflation measures, proving how inaccurate and defective these measures are.

Unfortunately, prices are certainly going to stay where they are, while our salaries have remained the same. As a result, our available income is much lower than it used to be two years ago.

All commodities increase in price during periods of inflation but will be uneven, chicken can rise above 4€/kg, but other foods demand less so prices will increase less. So you cannot say that the inflation figure is incorrect. Prices will depend on supply and demand, for items that are not in high demand, prices will hardly increase.
But you are right, prices will hardly change even if inflation falls, but this can be caused by traders deliberately manipulating prices and governments being too negligent in stabilizing market prices. And the salary increase needs to be considered to balance everything, if the Government rushes to increase wages, they will face many difficulties in controlling inflation.
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