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981  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: September 07, 2023, 11:54:21 PM
But losing at home is not normal. This defeat will make it even more difficult for Napoli to become a strong competitor to win the Scudetto.

Winning a league title is very hard because you need consistency. For a team to win the league, especially a league as competitive as the Serie A that team has to be consistent all season.
Right now the only teams in Serie A that have a 100% record are Inter Milan and AC Milan. Only time will tell if they can maintain this consistency.
So Napoli's loss against Milan doesn't count much in the grand scheme of things if they'll be able to sit up and be consistent. The season is still very long and it's too early to determine how it will end
982  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: September 07, 2023, 11:41:45 PM
I think it is a well known fact that Real Madrid did not spend heavily on a striker this summer because they are waiting to sign talisman Mbappe from PSG in the next summer transfer window. and this is why Joselu was signed as a stop gap. Instead, Madrid invested in their midfield options heavily; as they prepare to let go of Modric and Kroos in the coming season.

Madrid have to be very careful because these decisions might hunt them later on this season. The season is very long and a lot of things can happen. One thing I know is Bellingham won't keep scoring all season long and they need attackers that can score all season long.
Joselu needs to sit up and take his place as the top 9. He can't be ina team and a midfielder is taking the false 9 position.

Madrid's attack is built around Vinicius which might also be a problem. Last season Vini spearheaded the attack, the good this was Benzema was there to score. If they don't have a striker that can do that this season, they're going to have a lot problems.
983  Economy / Economics / Re: Europe unemployment rate hits record low, employment record up on: September 07, 2023, 09:54:06 PM
Europe has broken all 20 years' records, in both the lowest unemployment level and in the percentage of citizens employed.
Now do purchasing power. The goal shouldn't be having more jobs, the goal should be being able to make a living.

--Knight Hider

Is there any other continent that has a higher purchasing power than Europe? If you want to use purchasing power are a metric then you have to also look at other factors like GDP, per Capita income, etc. If you use all these Europe is still good.

In terms of wealth Distribution Europe is second to North America so no matter the metric you want to use Europe is still good all things considered.

You said the goal shouldn't be more jobs, it should be "making a living", How are people supposed to make a living if they don't have jobs?
984  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins profits or bank profits, which best? on: September 07, 2023, 03:18:08 PM
You are missing one important detail. Very often large sums are invested not to make money, but to preserve the value of the original investment. Large capitals aim not to increase their assets, but to preserve them, so that bank interest covers inflationary costs and does not contribute to the depreciation of monetary assets.

Wow!
I didn't know about this. I always thought the interest was purely the profit.
This means they only make a profit when there is no inflation or high inflation which is very rare.
This makes it even less compelling for common folks who want to invest because to them they've earned an interest meanwhile all they got is just the pre-inflation value of their money.


By the way, large hedge funds also work according to such principles, where people bring their money not to earn on it. People with large capitals have a slightly different mindset than ordinary low-banks.
Then it's just the same thing as putting your money in a bank account. I don't know how things are in your country, but in mine, you don't earn any interest on the money in your bank account except if it's a "fixed deposit account" or a "time deposit account" where you agree not to touch the money for a specific period.

They claim to give interest if it's a savings account but they never do. Even if the money stays untouched for over 5 years in the account.
985  Other / Beginners & Help / Re: Bitcoin and get rich quick syndrome on: September 06, 2023, 10:59:33 PM
There was a particular time on social media where it was like if you were not into Bitcoin you'll never make it in life. I'm not even exaggerating this. It was that bad. The Bitcoin wave was so high it felt like Bitcoin was the only way to success. This was during the bull run that led to the ATH.
There were a lot of people who bought Bitcoin for the wrong reason, some just bought because they wanted to feel among themselves. They didn't understand it.

What's funny is they all left after Bitcoin crashed down to $16k and now they are never going to come back. This is because they did not have the right understanding of what Bitcoin is.
Bitcoin is not a get-rich-quick scheme. It's a currency that's way better than the best currency you can think of and can also be an investment if you're patient enough.

When people lack an understanding of what Bitcoin is they wash their hands off of it after the first setback. The bad news is, a lot of people people out there see Bitcoin as what it's not.
986  Other / Beginners & Help / Re: Calm the pressure on: September 06, 2023, 10:09:54 PM
This advice is driven from the view point of the economy struggles of many, avoid over thinking , work hard to earn money and diversify your investment. Most persons in the crypto space are dying in the inside because they do not have money to invest due to their present circumstance. If you do not have money to invest now, please ease the pressure, you may have more than enough to invest in the future.

This is very underrated advice.
A lot of people feel left out, they feel they're missing out because they don't have money to invest. Yes, true, you might truly be missing out, but if the reason is because you lack the funds to invest then don't beat yourself up.
If you don't have money to invest in Bitcoin, and you're focused on investing in Bitcoin then you're misplacing your priorities.
Your priority should be how to earn more money.
You can either get a job or start a business, whichever it is, but get something that gives you money.
It's people who have money that invest in a project, any investment at all, not just Bitcoin.

So instead of putting pressure on yourself because you don't have money to own Bitcoin, why not channel that energy into something else that will make you earn money?

Also, the good thing about Bitcoin is that you can buy it with any amount you have. Don't look at the price. Just see it as your little investment. That can motivate you. If you can invest when you are not making much, how much more will you do when you have?
You can always start small.
987  Other / Politics & Society / Re: Population decline - The largest challange ahead on: September 06, 2023, 09:51:08 PM
The wrong thoughts we mist have about the instability of the economy is in thinking that poor economy growth is as a result of over population of the human and many have wrongfully thought about this by reducing the number of children they are giving birth to, i don't think the solution is in reducing the birth rate, infact we need a higher population to help boost the economy because there will be enough division of labour and work force in every aspect of production and services delivery in the economy and as we know the impact a population has towards the economy, it boost and increase it's activities and development, if the population is reduced, that does not assure a positive end results in economy activities, but adequate planning is what is needed to organize the people into a unified structure.

I may be wrong, but I don't think there's any country that has not been able to develop further because of low population. Like I said, I might be wrong. I feel like we're at that stage where we can't be truly underpopulated.
One thing people mistake for underpopulation is an uneven distribution of people in the towns and cities of countries. In most countries today people flood to the urban areas. People want to live and work in the relatively more developed cities. This makes the rural areas and less developed places to be less populated.
There are countries where over 20 million people are crowded in a small region while there are vast places occupied by only 300,000 people.

This is no fault of the residents who relocate, it's because they're in search of a better life. There are better opportunities in the bigger cities.

On a personal note, I'll take under-population over over-population.

I disagree that population collapse is a much bigger risk to civilization than global warming.
There is a higher risk of flooding these days. Farmer take out loans for their farms and the farms get destroyed by floods. What's worse is that there is a high probability that this will happen every year.
Some places don't see rain much often before, now they even see less amount of rain. So many irregularities in the weather.

If we can be able to make life better, and train people in different areas that they want to get trained in then we won't have an issue of under-population at this stage.
Why would people give birth if they think or know they can't provide for their kids?
I don't believe the labor force has reduced, but if it truly has, did it reduce due to low population or due to low-skilled workers?
988  Economy / Economics / Re: Any business where today you launch, tomorrow you begin making profit...? on: September 06, 2023, 10:03:00 AM
Yes, all type of illegal businesses brings the fastest money, start cooking your own drugs and sell, and you will turn into a big man in weeks, get a webcam and start doing onlyfans, you will make money very quickly, or start running a body ring, you should know what I meant.

There's this popular believe that illegal things bring money immediately you start them. That's not entirely true. It may be true in some cases, but very few cases. This believe has made people to not work hard and do illegal things instead. Hard work is still needed if you want to be successful in that illegal business. So why not just channel that hard work into something good.

If a person starts cooking up drugs today it doesn't mean he will start making money immediately. There are things he needs to do first, same way it would be in a legal business.
An Internet fraudster doesn't just start making money immediately he starts. He learns and gains experience for a while. This is exactly how it is in an legal online business too.

People need to stop rushing things. Have a plan. Be diligent in your trade and learn. It will definitely grow if you're doing it right. We need to stop looking for riches overnight. 
989  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: September 05, 2023, 10:20:56 PM
So all in all, between their UCL group being a little bit easy, and the league seems like they could do fine, I am sensing that they could actually do great this season. I am expecting at least a quarter finals, possibly a semi finals at the UCL level, a league title, and maybe even the cup if they are lucky. That should bring in back all that financial loss and they could do quite well for the few next seasons and not really worry about the money anymore.

For the money part, I feel Barcelona will have money problems for a few more seasons. This is because it's not because Barcelona are are really broke but it's because of the restrictions that La Liga has ok it's teams. As you can see every team in the league is struggling financially. That's all thanks to Tebas. So except Tebas losses his election this December and La Liga get a new president, Barcelona will most likely have financial problems.

I also believe Barcelona will do well this season. Injuries ruined their seasons last seasons even if they won the league. This season they've done pretty well in the transfer window and have a solid squad.
They can compete for everything.
990  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: September 05, 2023, 10:05:28 PM
If Newcastle were able to finish in the top 4 last season then why do you think Chelsea can't do it after spending so much money building up their squad? I think you all just need to be patient (if you are a Chelsea fan), but otherwise have fun if you are not one.

Newcastle didn't play this way. Newcastle had only four loses the whole of last season, Chelsea already has 2 out of 4. It's going to be a very long seasons for Chelsea I'm afraid.
The players they bought are a bunch of average and overpriced players except few of them.
Chelsea really did poor business in signing players. Look at their squad after spending over a billion pounds. That's embarrassing. They would better brace up because these business is going to affect them for a long time.
You don't buy so many potential players and throw them all into a starting 11 and expect them to do well.
Chelsea should be able to have signed at least 5 world class players with that kind of money.

Aside the very poor signings of Chelsea, they don't have the right man for the job in Pochettino. He's not a bad manager but I don't think he's a man to head a big team that want trophies like Chelsea.
991  Bitcoin / Bitcoin Discussion / Re: Honestly, Bitcoin fits in this gap more than others. on: September 05, 2023, 04:01:10 PM
First off, Bitcoin won't give governments of the world peace or put an end to betrayal. How exactly is Bitcoin going to do that?
Nobody has control or power over Bitcoin, but it can be regulated and it can be manipulated. Bitcoin is not immune to everything.

The government is like the master of centralized bodies, accept while Bitcoin, is like the master of decentralized bodies, so you see that there is no way that they can work together.
The government works with control. They control almost everything. It may not be directly, but they control it one way or the other, so the government not being able to control something as big as Bitcoin is a heavy blow to them, so they fight it instead.
I have resolved within me that the government would never openly accept Bitcoin, and I'm at peace with that.
992  Bitcoin / Bitcoin Discussion / Re: After all these years on: September 05, 2023, 03:43:53 PM
One thing you need to know is that those coins or tokens you mentioned are centralized. They are owned and controlled by somebody or some people, so these people make deals and find ways that their coins can go further. Those banks and payment systems that accepted those coins get something out of those deals.

That being said, I believe Bitcoin is growing well. Maybe not as much as we would like it to, but it's growing and that's all that matters. As far as there is growth, the pace shouldn't be a focus. I have made payments with Bitcoin, some services accept Bitcoin. I don't know what but someday Bitcoin will be accepted as a means of payment more than it is today.
I don't know if it will ever be legal tender globally, but I know the adoption as a means of payment will improve over time.

Finally, I don't see a problem if people use Bitcoin as an investment alone. It's an asset after all, what's an asset if it can't be an investment?
Bitcoin is a currency, and currency can be an investment. So there is nothing wrong with Bitcoin being an investment.
993  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins profits or bank profits, which best? on: September 04, 2023, 05:39:39 PM
The thing is, bank investment requires a big amount of investment before you can make a good profit for it.
If you invest $100 in a bank to get 10%/per annum then you'll get $220 at the end of the year. That is a $120 profit which is not a very good investment. Plus the fact that inflation will most likely reduce the value of the money. There is almost no way the things that $100 can afford at the beginning of the year will be able to afford those same things at the end of the year.

On the other hand, don't require you to break the banks but altcoins are too risky and a lot of them are shit.
There is no certainty that you'll make any profit when dealing with altcoin. A lot are just scams that make people lose money.
If you don't know what you're doing you might just lose all your money to altcoins, so it's best if you just stick to Bitcoin.
994  Other / Beginners & Help / Re: Nothing compares to BITCOIN, know this and know peace on: September 03, 2023, 09:28:12 PM
As far as somebody or a group of people on the project then it's not decentralized. It can only be decentralized when it is not owned or controlled by any entity. It's very difficult for coins to achieve this. That is why they're very few. The people creating the coin want to make money and they won't be able to make money from it if they do not have control over it. You can make money from something you don't own.
There's no point getting enticed by these projects. Oftentimes I see phrases like "this is the new Bitcoin" and so on. They're all bullshit. They come with so many incentives but you should know that they're shit.

But I deeply believe that people who buy alts to get "rich quick" don't give a shit about decentralization, P2P, the freedom that cryptocurrencies can offer or the founding principles of Cypherpunks.

I don't think there's anything wrong with investing in altcoins, even if it's to get rich quickly. If they feel they can invest in a coin that can give them 10X their investment in a month then they can go ahead.
What they should know is that that is all that coin is. It would most likely die off after the hype.
People should know that these are short-term and very rriskyinvestments. If you feel it's worth it, then fine.
995  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: September 02, 2023, 10:32:44 PM
The players Nottingham forest bought on the last day of the transfer window are much better than Chelsea's signings. Forest would have scored more with a full squad. Chelsea have no great players except Enzo, I like Mudyrk and that's it. This team needs a guy like Julian Naagelsman, who's available. But Chelsea have brought in a guy like Mauricio Pochettino, who has no more success than he had at PSG and there is no tactics, no game plan. Everyone is playing everywhere and running around the pitch for nothing. I sadly pity the Chelsea fans.

I won't say Nottingham Forest has better players than Chelsea. Chelsea just seems like a club that is not serious at all. How can a club spend over 1 billion dollars and end up with a squad like that? What are they thinking? What exactly are they doing?
I've been saying here that Chelsea should have hired Nagelsmann, but instead, they went for Pochettino. I don't understand the thought process I'd the people at Chelsea.
See them signing Palmer for 45M. It's not all about signing youngsters. Give them a manager who can build them and don't put too much pressure on them.

Players like Harry Kane and Mahrez that Chelsea should have signed that did not sign. Chelsea should be lucky to make it to 5th position this season. My prediction for them is 6th at the end of the season.
996  Economy / Economics / Re: The Devaluation of fiat money is powered by Inflation on: September 02, 2023, 06:14:05 PM
I think that talking about such a subject requires more, but this story in brief.

[1] https://www.asahi.com/ajw/articles/144621

From the article, I have a few questions. 
If the cost of a product is $20 for example, there is no way that product can be sold for $15 just because that's the price that the people will buy. No company would operate like that. A company would food eventually if they followed this business model. The goal is to make a profit, so if they're not making a profit then there's no point in the business.
Or, they're making a profit but not much. For example, they make just $2 out of a $20 product. Isn't that a good thing that a company can't exploit people and make excessive profits off of them?

Could it also be that the people in Japan buy more less quality products?
If the cost of producing the product is $20 and the company knows that people will not buy at that price, they'll find ways to reduce the cost of production to about $10 to $15 and then sell for about $22. This would help the company make more profit but they would sell less quality products, to their Japanese market at least.

Another question,
Does it mean that the forces of demand and supply don't play a role in the determination of prices in Japan? From the article, I can conclude that it is the people who determine the price, so no matter how the market is, the buyers still determine the price.

Finally,
Does this also affect imported products from foreign companies or do the citizens only do this to local products?
Because there is no way foreign companies would export their products and services to Japan if the people would just buy them at a price they want even if the company is not making the kind of profit they desire.
997  Bitcoin / Bitcoin Discussion / Re: Hope is all I have left on: September 02, 2023, 05:05:18 PM
I feel you should focus more on improving your income instead of focusing on improving your Bitcoin investment. You can't invest if you don't have money. Everybody needs money to invest and you can't have money if you don't work.
I do not know how your situation is, or how hard it may be, but it will be very difficult for you to invest in Bitcoin if you don't make money. So instead of focusing on the amount of Bitcoin you have, and how you can't invest regularly, I'd advise you to find ways that money comes in regularly. It could be to get a job, learn a skill, start a business (however small, as far as you make profits) let it be legal in your jurisdiction.

Life can be so hard sometimes and you will feel like you're been left behind while everyone else is moving forward. Don't do that to yourself. Don't compare yourself with people. Move at your own pace. There is no late time for Bitcoin.
Everybody is on his journey.

The good thing is that you know that investing in Bitcoin is good. So even now that you're not making much you still invest in Bitcoin, imagine how you'd invest if you had money. So for me, I feel the priority is to see ways to earn more money first before investing.
998  Economy / Economics / Re: What Actually Drives People/Gov to Adopt New and Bold Decisions on: September 01, 2023, 09:25:27 PM
I know most people thing that government is all evil and cruel, but the truth is government is just like a big company. Each and everyone of them want to make profit for themself while at the same time maintain the government and the nation to survive and keep running. Government won't make a huge policy that will sink the nation, kill most of the citizen or make them very poor and stop working, they need to make the citizen able to work so the economy is not stop. Most of their decision will be made to increase productivity and nation income thus increase their own income, those decision will most likely dictate by the stakeholders or some of us call them Oligarch, some of the decision will be based on good research, but then again even if the decision is based on research the goal is still to increase productivity and income so the stakeholders get richer, and the government get more bonuses. In some special case, like in the country where I live, the Oligarch is also the government, most of the new laws that made are actually benefitting their business.

I wish this were true, but it can only be true in some countries. There are countries where the leaders do not care if the country or its citizens get better. The whole country can be burning for all they care as far as their accounts will get fat.

Illiteracy and poverty is a very strong tool for politicians. They can country the masses if the masses don't need them so they make sure the masses are never free.
The leaders keep giving them crumbs so they keep coming back for more.
During campaigns, they promised them electricity and better transport systems and better education and security, blah blah blah. Now imagine if all these things are already what these people have and they have good jobs that pay them well, what would these politicians use as bargaining chips to win votes?
999  Bitcoin / Bitcoin Discussion / Re: Advantages of Bitcoin over fiat and local banks on: September 01, 2023, 04:18:07 PM
    • investment capital: Investing in Bitcoin offers the potential for long-term profits as its price tends to increase over time. In contrast, traditional banks often do not provide substantial long-term interest on the money they loan out, making Bitcoin an appealing alternative for those seeking high returns on their investments.

    Personally, I see this as a reason why more people should adopt Bitcoin. If you do not care about the control of your funds and all the centralized organisations do, you should care about the value of your funds. You should care about how inflation eats deep into your savings.

    Bitcoin is like a shield to the devaluation of currencies. With Bitcoin you can keep your money in your wallet and it won't depreciate due to inflation. It carries its own risk, in the sense that Bitcoin price might dip but it's still way better than saving it in a bank for a long time.

    The fact that you can save your money and at the same time that savings becomes an investment is a reason to embrace Bitcoin.
    With Bitcoin as long as you use a non custodial wallet, you can control your by yourself in your own way. No one will decide what's your maximum and which country you can transfer to.
    1000  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: August 31, 2023, 09:59:38 PM
    It's looking like it's going to be another deadline day with plenty of drama for Barcelona. They have agreed on the Cancelo deal but it has not been finalized yet.
    They are also trying to get a loan deal done for Joao Felix and that may be a little difficult because of the player's salary. Atletico wants Barca to pay the full salary but Barca is hoping to come to some arrangement.
    Fati deal has been done and Abde would be next. That should free up space in the FFP rule for the signing that Barcelona hopes to get done on deadline day.


    I see no wrong with Chelsea's signing of Cole Palmer with such an amount of money, Despite him being young so far he's equal to the task or lived up to expectations. The player is young, skilled, and has a promising future, Several times I watched him being featured in some Manchester City games his performances were exciting, and right now based on Chelsea's current situation and the urge to further boost its squad and coupled with the number of injuries that the team has experienced just in the starting this season, no club will hesitate to bring in a player of his caliber.

    Palmer for 45M is cool?
    I agree he has potential, he's a great kid who also has an eye for goals, but what has he done? Has he proved himself? Has he made it to the first team? Is he even a regular in the first team?
    You can't just splash money on a young player because he's got potential, there's a lot of young players with potential out there. Or is that why Chelsea is signing so many young players?
    More than half of those young players will fail at Chelsea and they will be sold for less than the price and that's a loss.

    It's good to sign young and promising players, but you don't have to always break the bank for it and you can't go for every young and talented player out there.
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