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901  Economy / Economics / Re: For average Joe advice about money finances and Investment on: June 03, 2023, 04:59:24 PM
There is a lot going on about Money finances and Investment.
If you don't want to learn too much about finances and money then simple BUY/SELL rule Will keep you on track.
But If you are average person you should follow this one. The mainstream don't want you to know this that's why so much fud and FOMO.
So it's been proven o et the time over and over again.
When Fed rates up .... it's BUY
When Fed rates down it's SELL 
In financial world money the currency is commoditie the asset so If Money expensive you sell it If Money cheap you buy it.
And people tend to make this simple mistakes over and over again covid19 times was good example of that.

What is the guarantee that you make profit if all you do is simply BUY/SELL. There is no businessperson who have just buys and sell without learning about money and the business. Unless you say they have a guide or a mentor in the same business who tells them when to buy and the appropriate time to sell.

Investments is more than just making BUY/SELL decisions.
902  Bitcoin / Bitcoin Discussion / Re: The effect of Bitcoin on children on: June 03, 2023, 04:26:33 PM
It is art and children love art. They draw things they know and know recently but they even don't know what it means technically. Children are hungry to discover new things and if they have fun with new things, they love it.
Children loves art and whether the story is real or fictional, the core message the OP is trying to pass is that whatever you do have a way of influencing or rubbing off on those around you. This is the case with the kid in the OP's story. Now, if this is happening with the kids, I can say that his mother will also feel the bitcoin effect. For the father to get the kid interested in bitcoin, he could start by telling the kid to recreate the bitcoin logo as well as other cryptocurrency logos. This would be a great way to spark a conversation about bitcoin.
903  Bitcoin / Bitcoin Discussion / Re: Don't Force Your Children to Learn Bitcoin on: June 03, 2023, 04:04:51 PM
I would say expose your children to financial literacy at a tender age. Expose them to the use of computers. Expose them to sports - football, basketball, swimming. Expose them to dancing and singing. Expose them to a lot of them. But teach them about personal finance and financial literacy. Break it down to their own level of understanding. In the same vein tell them about cryptocurrency and bitcoin. There are children's books for it. That way, they will grow up to be well rounded kids. And then, support whatever paths they choose to follow.
904  Economy / Gambling discussion / Re: Will You Allow To Undergo Hypnosis If A Professional Recommend To Cure Gambling on: June 02, 2023, 09:43:12 PM
You want to get cured of compulsive gambling because you are too deep into it and you are under professional supervision to cure your addiction, your physician asks you to undergo hypnosis to cure your deep-rooted addiction, will you allow it

Yes / No Why

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Hypnosis can be a powerful tool to treat gambling addiction because it can help people deal with the things they don’t want to deal with, and it can give them better and more productive ways to deal with those things other than gambling.

Reference :

The Psychology Behind Gambling Addiction: Discover The Personality Profiles Most At Risk & 3 Hypnosis Techniques That Can Help

Would be cool if you dropped a link as to where it has been used or how it works. Or maybe a scientific article that examines the efficacy of such methods. Looking for it without any luck yet. Hopefully you'll return to elaborate on how it is supposed to help an addict. Real life example would be just what we need to get convinced. That way we may have the right to say whether it would work or not. As for question, no hyponsis please.
905  Bitcoin / Bitcoin Discussion / Re: Can you give one reason why I should buy bitcoin? on: June 02, 2023, 03:47:51 PM
I want better ideas and  enlightenment on why I should buy bitcoin.I need help please!

Why you should buy Bitcoin? Here you go:
- Bitcoin can you  a millionaire if you hold long enough.
- Bitcoin equals freedom. You are free to own your money/ wealth and be in charge of it. It is like being the chief security officer of your money.
- The government knows its potential and is trying all they can to crush it. Remember that when the government tells you not to do or buy anything, do not believe them.
- it has more real life use cases than any financial instrument in the world.
- it is cool to invest in Bitcoin.
906  Bitcoin / Bitcoin Discussion / 10% Cashback by paying with Bitcoin in more than 250 Shops in Lugano on: June 02, 2023, 02:27:53 PM
The update goes thus, get up to 10% Cashback by paying with Bitcoin in more than 250 shops across Lugano. Lugano is a city in Switzerland.This is for sure the best thing I have seen on the internet today. From my POV it is a win-win both for the buyer, the business owner, and Bitcoin. How? The buying saves money. The business owner gets an increase in revenue because they would experience sales increase. People love discounts. For Bitcoin, more increase adoption in that city.

Sincerely wish to see it spread to other cities and see more shops get involved. So, if you are in the city of Lugano, you know what to do.

*  https://twitter.com/LuganoPlanB/status/1664548340950769671?t=K79BxSdTKnsJ3i40ZzpNKw&s=19
907  Economy / Economics / What is your personal debt reduction method aside the debt snowball method? on: June 02, 2023, 01:48:50 PM
The debt snowball method is one of the most recommended strategies to get out of debt. How does it work?

You list your debts from smallest to largest and pay the minimum amount on everything except the smallest one. You prioritize paying off the smallest debt aggressively.

- consider selling off all the items you don't need.
- Consider working more jobs to increase your source income.
- Consider temporarily halting all investment, after which pour all your energy into paying off to the smallest debts.

By paying off the smallest debts first, the snowball effect kicks in and you move on to the next debt on the list until you pay off all of them. It is estimated that a person who follows this method religiously can become debt-free within 18 - 24 months.

However, the debt snowball method may not be effective if you have debts with specific payment dates that, if missed, could result in higher interest rates or a negative impact on your credit score. Nobody wants any of these.

Recently, I had some debts to pay and prioritized them based on urgency, regardless of their size. I had to pay them by or before the deadline. I didn't mind whether they were big debts or small debts. What mattered was meeting up with the deadline. This approach worked for me, although I'm not sure if it falls under the debt snowball method.

For those who have gotten out of debt more quickly, did you use the debt snowball method or another personal debt payment strategy that worked for you over the years?

* www.cashry.com/blog/the-debt-snowball-method-to-help-reduce-your-debt/

* www.citi.com/credit-cards/debt-management/debt-snowball

* www.bankrate.com/personal-finance/debt/debt-snowball/

* www.capitalone.com/learn-grow/money-management/debt-snowball-method/

* www.mamaandmoney.com/debt-snowball/

* www.guidetogreatertampabay.com/2022/06/28/traveling-th...-one-step-at-a-time/

* www.incomebuddies.com/debt-snowball/

* www.houseofdebt.org/debt-snowball-method/

* www.equifax.com/personal/education/debt-management...ent-vs-saving-money/
908  Economy / Gambling discussion / Re: Can i make 100 $ daily from online casinos on: June 01, 2023, 01:34:16 PM
It's been awhile I try daily to make profit

Stake casino mostly mines

But it take back profit.. I have 2k balance.. is there method

To get 100 $ per day

To make $100 daily in a casino is only possible if you own the casino. Anyone who makes $100 daily is either manipulating the system or is a compulsive gambler.

Well on the other hand, I want to give you the benefit of doubt and believe that you make daily profit of hundred dollars from casinos. I would be happy if you can share with us the strategy you use in achieving this.
909  Bitcoin / Bitcoin Discussion / Re: Dad's retirement money is invested in Bitcoin! on: June 01, 2023, 12:58:58 PM
His first dream is to build a house with this retirement money. But right now in my country all the materials needed to build a house are very expensive so building a house right now can't be a good decision.
Congratulations on his retirement. I don't know which country you are from but I thank him for his service.
Your dad should build the house with his retirement money. No matter how expensive you think the cost of building a house is right now, 12 months from now the cost will be double and you'd wish he built it now. That's his dream let him find fulfilment and satisfaction in reaching it.

Quote
And I don't feel safe keeping his pension money in the bank because earlier there was inflation in my country where some banks went bankrupt.
Do not put invest the money in Bitcoin. Build the house. Or better still put it in an investment with very low volatility. The risk is too high. Of your pops looses his pension money he may go down with high blood pressure. Guess you wouldn't want that to happen.

910  Economy / Trading Discussion / Re: A opinion on regrets on: June 01, 2023, 12:33:54 PM
We regret about missing Bitcoin, then about XRP then about Ethereum then Doge then Shiba then Pepe (these are some top of my head and from what I've come across in my crypto term).

Point being there are always new opportunities and dwelling on regrets is futile.
For every cryptocurrency I have missed it only hurt a little and after a while it stops. I know that there is always this sensation to feel that you have missed it which is what we called regret but when I always look back in retrospect I see that there is no need for regret rather I sit down and have a plan on how to not miss the next big thing in the cryptocurrency world. So basically what I do is I tried to join cryptocurrency forums on social media, I subscribe to newsletters from cryptocurrency websites, I also follow crypto Twitter as well. I missed Shiba but I am grateful that I didn't miss Pepe.

Well the next big thing is yet to happen so we watch. Zero regrets.
911  Economy / Economics / Re: Will chatgpt really destroy the job market? on: June 01, 2023, 11:32:28 AM
I agree that chatGPT and it's counterparts will destroy the job market. This is going to affect the older generations because they are the ones who learned how to do their job without the aid of a computer. Have you heard of Katherine Johnson, the African-American physicist/mathematician, who helped calculate the flight path for NASA's first manned space mission in 1962, and made important calculations for the Apollo moon landing. She did this without any computer or artificial intelligence. Let's say now that she still works for NASA and refuses to learn how to use machines to do the calculations for her by just typing in some prompts, she would certainly loose her job to someone else who already can and that person would be a younger person. So that is why I agree with the OP that Chat GPT and its counterparts would destroy the job market only for a certain demographic.
912  Bitcoin / Mining / Question for Miners on: May 31, 2023, 11:17:51 AM
This is an excerpt from the bitcoin white paper about bitcoin network and by extension mining written by the renowned founder Satoshi Nakamoto.

Quote
5. Network
The steps to run the network are as follows:
1) New transactions are broadcast to all nodes.
2) Each node collects new transactions into a block.
3) Each node works on finding a difficult proof-of-work for its block.
4) When a node finds a proof-of-work, it broadcasts the block to all nodes.
5) Nodes accept the block only if all transactions in it are valid and not already spent.
6) Nodes express their acceptance of the block by working on creating the next block in the
chain, using the hash of the accepted block as the previous hash.

This is just straightforward question, can a miner decide which transaction to accept into a block and which to reject? And is there any consequence for rejecting a transaction? If this were possible what happens to the rejected transactions?

https://www.bitcoin.com/bitcoin.pdf
913  Economy / Economics / Re: Why is money ruling the world? on: May 31, 2023, 10:59:45 AM
The mist of human fears is control by what is next to their breath. Money has power than anything, money makes one feels secure, alive and superior. When money leaves we felt life is gone, we feel dead, we feel empty, we feel hopeless.

The sense and feeling of security alone when you have some money is absolutely amazing. Because even though it may not be able to get you a private jet, a yatch, or a vacation in bali, it is enough that money is able to get you a three-square meal, a roof over your head, assurance that you can take care of yourself when you are ill. Having money is equal to having life and almost zero worries.

Quote
Money drives away every feelings that makes life better. Money is truly powerful
Money indeed is makes life worth living and that the reason why a rich person is more respected than a poor and wise person.
914  Bitcoin / Bitcoin Discussion / Bitcoin Transaction Accelerator. Does it Work or Just Another Hype? on: May 31, 2023, 09:08:31 AM
We know how crazy the last couple of weeks have been with the network congestion and transaction fees. Even some signature campaign managers have had to open it up for the participants to choose whether they want to be paid monthly or biweekly. This was one of the solutions to reduce the time it took for a transaction to confirm and save some costs. For participants of other signature campaigns who didn't have this option, they had to wait two (2) to three (3) days before their payment arrived.

While browsing the service board, I came across a user's post advertising a free or paid bitcoin transaction accelerator (please note that the purpose of this topic is not to discuss the user's reputation; I am indifferent to that. However, I noticed that no reputable member has interacted with the thread). In simple terms, a bitcoin transaction accelerator is used to speed up the confirmation rate of transactions.

My questions are:
  • First, do bitcoin transaction accelerators actually work as they claim, or is it just hype?
  • Second, aside from bitcoin transaction accelerator services, are there manual ways to speed up transactions?
  • Third, does using a bitcoin transaction accelerator reduce the high transaction fees during network congestion, as we experienced?








915  Economy / Gambling discussion / Re: As a Gambler and a Die-Hard Fan of a Club Would you Bet Against your Club on: May 30, 2023, 04:16:50 PM
My betting persona and fan persona are two different things. I do not mix them up. When money is involved, I keep my emotions outside and get down to business. I will bet against my club if I know they'd now perform well and when is time to support them against other weaker teams online I will lead the from the from in the banter battle. No hard feeling. They are all forms of entertainment and we do it just for the fun of it. I even remember changing clubs several times when I noticed that despite the team's poor performance in the season, the management of the club seem very indifferent about.
916  Economy / Trading Discussion / What is the most significant trading sacrifice you believe you have made? on: May 30, 2023, 03:53:35 PM
If you have been full-time into trading for one to three years, what has been the greatest sacrifice you've made to become a successful trader? And did it pay off?

Someone I know who a seven-figure trader is now made the sacrifice of moving into a shared apartment with a friend just to save money. Another person, who had previously started a logistics company, sold off his trucks and used the money for trading. Another person had to pay to be mentored. He did this because the mentor said people do not appreciate free things, and if he were not making the sacrifice of paying out of pocket, he probably would not be serious and would take it for granted. These people cited in here went on to become successful traders. It paid off.
917  Economy / Economics / Re: Logic of life on: May 30, 2023, 02:10:52 PM
The logic of life is that you can't earn more than you know,
Any amount you are earning today is 80% as a limit of what you know.
The richest man on earth is earning whatever amount he is earning due to the advantage of  what he knows or  can do.

I agree that is why some people decide to go back and their MBA. They expand their knowledge and network base. So, I will say that the logic of life is that your knowledge and network determine your earning capacity.

Quote
So ask yourself, what should I know that can make me ×2 my monthly income?

To earn 2x my monthly income, I need to:
- get out of debt and do it fast.
- cut my expenses and save more.
- take a portion of what I have saved and invest in learning a high-end skill.
 for a year or more.
- use another portion of my savings and invest in business such as properties, Agritech. I'll start first with buying properties and flipping them.
- since I already have bitcoin, I'll keep DCA every month.
918  Bitcoin / Bitcoin Discussion / Re: Educating unemployed friends about Bitcoin on: May 30, 2023, 01:28:58 PM
First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.
I am not so sure about this but I wouldn't disagree because I don't know your area. But then until you have done a survey to measure the knowledge of bitcoin among people living in your area, I don't think you can categorically say that you are the only person in your area with a basic understanding about bitcoin.

Quote
The maximum number of friends I hang out with are unemployed. They are not uneducated they are all well educated in their respective positions but due to lack of adequate facilities they are unable to find any employment. When we walk together I talk to them about Bitcoin but they tell me that they have only heard about Bitcoin on various social media and they think that if anyone is involved in Bitcoin, the administration of our country will arrest them. Because it is through this kind of news that they are aware of Bitcoin. But when I tell them that I have a rough understanding of Bitcoin. Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

I have found that in my layman's thinking that there may be a correlation between bitcoin, unemployment among educated people and their willingness to invest in bitcoin. Folks who are employed may be too engrossed in their jobs to even think about bitcoin unless whatever their job is revolves around tech, economy and entrepreneurship.

It is a pity that your friend's first knowledge about bitcoin is as a negative portrayal by the government. Sadly, it is not exclusive to just them alone. Some of us heard about bitcoin when US government seized some bitcoins in silk trade or there about.  Furthermore, you do not have to persuade them to invest in bitcoin. Present it as a choice: Stay unemployed or take the risk that has the potential to give you money. Then allow them pick.

Quote
Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

Since your friends won't do any transactions in bitcoin other than hodling it in a cold storage wallet, they should be fine. Tell them that. You should also provide them with books and videos for them to improve their knowledge about bitcoin.
919  Economy / Gambling discussion / Re: Premier League Prediction Thread 2022/2023 on: May 29, 2023, 05:59:50 PM
Liverpool moved on badly during the majority of the season and their form started to get much better quite late I'm afraid. It wasn't good enough to reach top four at the end. But I don't think Liverpool board will think of sacking Klopp for this result. Because they have had a very successful run with Klopp in general and only one season shouldn't be enough to sack this kind of a good manager. It would be very cruel and I think the supporters wouldn't also like to see such action to be taken yet.

Instead Liverpool need to think about where they made the mistake. If they focus on the root of the main issue they have a lot of time to fix it before next season begins. However if they have another similar season and fail in qualifying for even the Champions League again then Klopp had better worry about his future.
It is a very disappointing season for Liverpool largely due to bad decisions which affected their shoot at the Champions League.
The quality of players has to be improved as the large amount of money used to buy some of the players this season has proven not to be worth it since they have not done anything to deserve such a salary. These are the consequences of bad decisions. I hope that next season the team they need to improve on their defense.
920  Economy / Economics / Re: My wealth plan for next 3 years on: May 29, 2023, 05:38:34 PM
My wealth plan for next 3 years

I will take loans becouse fiat value is high so usd value ATH.
I will invest in btc,gold,silver becouse money is now expensive so when i borrow now the bull run Will make profit i make profit and from the profit i make money for myself and i can Pay the % to lender.
Off course also i'll buy AIDOGE coin becouse 1000x i will make with this coin after 2 years.
The world economy right now is like some shtcoin pumping and when everybody short the whales Will pump it more to make you FOMO in exacly after 2 years.

The whales Are fed, ws,ecb,boe and other big Banks the world is like some shtcoin what the whales keep pumping until everybody Will lose their guard and Will buy the top becouse of FOMO.

I have 2-3 years to get out of the assets but right now i'll get rid of money i'll invest all the money becouse i know upcoming inflation will eat all the value of money.
In the next 2 -3 years my money only Will be bitcoin If i want to buy bread and Milk i just convert btc to fiat other then that not smart to hold any fiat currency.

And off course after one year i start buying by DCA USDC becouse USDC gona be world reserve currency so off course i'll invest in this early.

You have violated the first rule of cryptocurrency investing: Never take out a loan to invest in cryptocurrency. Allow me to kindly remind you that you are participating in an extremely volatile and speculative market where anything can happen, and there is a risk of losing your invested capital.

I had hoped to come across your plans for diversifying your investment portfolio beyond cryptocurrency, but I was disappointed to find no mention of it. This lack of risk management is another significant mistake that I believe you should address. While I'm glad to hear that Dollar Cost Averaging (DCA) is part of your investment strategy, I urge you to apply it exclusively to Bitcoin and refrain from involving other cryptocurrencies for now.
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