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1  Economy / Economics / Re: Our decision making is responsible for the outcomes in our ways on: June 15, 2024, 07:32:30 AM
Therefore, we need a balance in living life between personal enjoyment and sustainable growth. While it's important to enjoy life, it's also important to consider the long-term consequences of our actions. We must be open to receiving suggestions and even knowledge provided, and utilize resources wisely as well as evaluate and self-reflect on the actions we have taken, so that it can help us identify which areas we need to improve and make the necessary changes.
Living this life certainly requires a good balance in terms of earning money and enjoying income from the work they do and by considering the long-term consequences of course we will be more careful about the decisions we make in the life we ​​live, when other people give us advice. about making decisions in life, of course we have to be able to accept them, of course this will be very useful, by evaluating what we have decided in the past, of course this will make us know the advantages and disadvantages of the decisions we have made and this is very important to done after we do something about our future.
that's why we need referrals even though we have a lot of work and don't have time for it, because we really need this to prevent stress, many people are still young but their souls are not healthy because the workload is too much, besides that we also keep getting closer to each other. to God to always feel happy, because if things like this are not balanced, many young people will commit suicide. And of course you must continue to carry out regular exercise, because a healthy body is an investment
2  Economy / Economics / Re: Is Accepting Crypto Salaries Worth It? on: June 15, 2024, 07:05:13 AM

The main culprit? Crypto’s notorious volatility. Unlike a steady paycheck, Bitcoin and similar currencies can swing wildly in value. This means freelancers could see their hard-earned income shrink before they convert it to usable cash.


In my opinion , Volatility won't be a concern when using stablecoin for payment , but for other altcoin, it can be an issue . The value of a coin could change between accepting a job and receiving payment . in the worst-case scenario the coin could become worthless turning you into an volunteer . Overall there are more pros like low fees and near instant withdrawals . Other payment methods , like Paypal can take 1-3 days to transfer to my bank account .


Stable coins are not a problem in payments because their value seems to always remain the same, however, the salary and employees must also understand cryptocurrency, otherwise this can also have bad consequences for employees, considering that if they are not knowledgeable and trade it, their salary could run out and of course will have a bad impact on the family economy
3  Economy / Economics / Re: How is the cost of living in your country? on: June 15, 2024, 06:49:46 AM
Inflation is general. It’s in every country on earth. Unless the country doesn’t use fiat (which isn’t possible because what then are you using as legal tender). In the next couple of years, the cost of petrol would likely be more than that. And even if it isn’t, other items like food items, or clothes would cost more. How you’d know this is when you look back to how it used to be, you can see the trend of inflation.
However, with the implementation of inflation, people will have difficulty buying goods which are primarily their family's basic needs. I think inflation in a financially unstable society will only make things worse for society the difficulty of finding food is currently being exacerbated by inflation which is making the situation even worse goods rise, this really punishes the lower class by using the word inflation.

In my opinion, the state must be sensitive to the situation of its people, because many regulations are made without knowing the situation and make people have to follow them and submit to the laws in their own country, this is really unfortunate for lower and middle class people. because they will feel the impact of inflation.
Currently, many people complain that inflation is occurring which is causing purchasing power to decrease, because the increase in inflation is not commensurate with the increase in salaries. the economy becomes increasingly sluggish. However, those who can see opportunities will certainly look for additional income to meet their daily needs, so it is not surprising that currently many people have side jobs.
4  Economy / Economics / Re: Economic Implications of War on Individuals on: June 15, 2024, 06:38:13 AM
In war conditions, the economic impact on a family or country can be very worrying. Even when a country is at war, the price of goods increases very significantly, apart from that, people also experience a decrease in income and can even lose their source of income. In war conditions, perhaps what you can do to survive or overcome economic difficulties is to seek assistance from charitable institutions to help you survive.
in an atmosphere of war, food becomes gold, because of course the supply of food will be disrupted, making it difficult to find it, and even if there is, it will certainly have a high price. in a situation like that what we need is food and a safe place from war so that we can continue to live. All physical investment assets such as property will no longer have a price, it is more profitable to invest in Bitcoin
5  Bitcoin / Bitcoin Discussion / Re: Bitcoin not coin memecoin on: June 14, 2024, 07:24:15 AM
I have some questions

Will btc continue rising or will drop and fuk everything up

Not coin is it safe to enter this coin now

Does bitcoin effect memecoins on solana or base
You can always invest in the crypto market at your own interest and I would advise you to always follow your mind in as much as you want to make money from cryptocurrency. Not all coins are safe just like holding Bitcoin and you need to do serious research on the coin you intended to invest so you don't have to waste your money on unnecessary projects that would not give you a good reward. The crypto market is quite competitive that is why we are seeing so many projects that are good and bad. We can always make money in we out the money on good ones that can easily appreciate.
In plain view Bitcoin has different characteristics from Meme Coin, the safest investment reference in cryptocurrency is Bitcoin, and if you want to make a big profit you can get it from Memecoin, but it has a much bigger risk, therefore be careful with Memecoin because there is a lot of pump action and dump, so many people smile and cry in it. After knowing their characteristics, we can invest wisely in both
6  Bitcoin / Bitcoin Discussion / Re: Can small countries in accepting bitcoin as legal transaction? on: June 14, 2024, 07:13:54 AM
The fear of the government is that Bitcoin is took volatile and that is true but if they learn about the Bitcoin history, they will all be aware of the right season to expect huge profit from Bitcoin which is going to be beneficial to the country economy.
If the government were to accept bitcoin as their legal tender, they can't lift this implementation up when bitcoin is not doing well. It is true that accepting bitcoin as a legal tender will help drive their economy by attracting more investors and encouraging spending. Now if bitcoin were to crash, businesses would have to up their prices which is not ideal for anyone much less the government. Knowing when bitcoin will rise, or fall will not do anything for the government but warn them about future challenges.
on the other hand, of course the government wants control over the economy in its country, with its own fiat currency, the government can reduce the rate of inflation and can increase the rate of economic growth in its country, this will be different from bitcoin, as you mentioned above, if that happens then it will be difficult what the government will do, because it does not have full control
7  Bitcoin / Bitcoin Discussion / Re: Parents on childs savings bank accounts are waste of time if not saving on BTC on: June 14, 2024, 06:58:52 AM
Not all parents understand about bitcoin, they are more likely to be afraid because the value that can fluctuate at any time is what parents want, especially lower middle class people have no experience with any investment, so the way they choose is to save money in the bank or make deposits with the APY they know.

That's a safe way for parents to save assets for their children even if they ignore the rising inflation.

Whereas we, the easy generation, understand enough about bitcoin to choose this path instead of saving money in the bank because we have learned a lot about bitcoin the meaning of financial freedom.
Bitcoin will be much better for children's funds for future education or pension funds prepared from now on.
No matter how we see it, traditional parents will only prefer saving money in the bank as the most safety and reliable investment. And for me, that won’t be considered a useless thing since saving money in the bank has already proven its positive effects throughout those early years.

However, with this digital era, a lot of changes have taken place and part of it is crypto investment, particularly bitcoin. Investing in bitcoin has been highlighted more due to its high profitability and high sustainability in the long run, regardless of those parents who still chose the traditional way of saving their money in the bank which is never a bad thing also.
Basically we save money so that we don't lose to the rate of inflation, moreover we have bigger profits. In ancient times, the movement to save in banks was an action that needed to be spread, but in the past the situation and conditions were different from today, especially for young people who know Bitcoin, they will not save in banks, because investing in Bitcoin makes our money will increase, so that with these profits the banks will be increasingly abandoned
8  Bitcoin / Bitcoin Discussion / Re: how much do you love bitcoins? on: June 14, 2024, 06:52:21 AM
Bitcoin is illegal in my country where I live.

Quote
It's not that Bitcoin is illegal in my country so I can't invest.

What is it really? Is bitcoin legal or illegal in your country?

Because of bitcoin's decentralized nature, it has become almost impossible for the government to identify who are or who aren't using bitcoin. But I said almost because they can still somehow trace back the owner of an address and follow the strings.

Especially if you are using a centralized exchange, the chances of the government finding you has heightened. But if bitcoin is illegal in your country then it is most likely that centralized exchanges are banned as well. On the other hand, some people can still use bitcoin because they are very careful and discrete when making transactions.
in my country bitcoin is clearly prohibited as a means of payment, the rest is not a problem, trading or investing is permitted by the government. However, when the time comes to exchange it for fiat, the government can track it, because it is mandatory for KYC. On the other hand, in this way the government can collect taxes and generate income for the state
9  Economy / Economics / Re: Involve an attorney in your business dealings. on: June 13, 2024, 07:44:54 AM
IMO, you can call this term black and white. Everything will be documented and on paper when you've got some dealings to do.

And that's really the first thing to do when things go south and that's to seek legal counsel that will help you how to resolve these matters or how to counter that deal that went against your contract.

I've been into many business deals and fortunately, I didn't have to come up with this kind of situation.

If you know that you are dealing with good amount of money and a lot is at stake, a lawyer is indeed needed in your transactions. I can understand if you are only doing small business as you can manage it on your own. But if there are other stakeholders and they have vested interest in your business, it is better to have a lawyer that you can go to. You'll never know what will come up later on. You may need them even for consultancy services.
That's right.

You don't go into business dealings with involvement of a lot of money without having a lawyer. You are doing it in paper and as well as the black and white matter for these deals are real.

On the corporations type of deals, you have your hired lawyer or on call that you're always seeking counsel with it.
In a number of businesses that generate large amounts of money, personal lawyers are really needed, because fellow large-scale business people will of course be very careful with the applicable laws, which of course must be prepared if something happens that is not as desired so that it can be stated in the articles of the agreement. It is agreed that if this is not orderly it will usually be complicated in the future. Therefore, legal advisors are needed to anticipate future problems
10  Economy / Economics / Re: The government cares for no one but waits for you to get rich for taxes paying. on: June 13, 2024, 07:34:28 AM
...

Right! So even those poor people still paying taxes in a very different ways, that's also the reason why people are struggling in their daily expenses because everything they need has a tax payment, that results higher expenses. maybe we only see the big deductions due to tax payments but in reality, the tax bill is the same for everyone, it just differs depending on the state of your life.

Of course, each person has different financial capabilities, so even though the nominal tax charged by each person is the same, it feels heavy for some people, especially those who only have a small salary. In my country, those who are subject to income tax are those who earn above $3k per month, for those below that, the government still provides compensation, so it's actually not that bad as long as we treat taxpayers wisely.
Indeed, there are certain rates and certain criteria for paying tax, just as in my country there are certain income limits that are subject to payment of personal tax, and even that is calculated using a formula after deducting income that is not subject to tax, such as how many dependents you have. In fact, if all the elements run well, it won't be burdensome, but many people are exposed to corruption, which creates negative thoughts about tax rates.
11  Economy / Economics / Re: Your own people family best friends and loyal supportive people are true wealth on: June 13, 2024, 07:23:10 AM
When we find someone who thinks the same as our thoughts, of course they will really support what we are going to do, especially since we plan to develop our potential to be better than before and of course the support they give will be a motivation for us to be able to do it. achieve what we want, there are indeed some friends who are only good in front of us and behind our backs they even say bad things that we do and they could betray us when they see that we will be better than them.
There are many friends who are always ready to harm you by being with you. Try to stay away from these friends. Because harm always comes from your own people. Just when you can take the initiative to do something good, some people  Some people will give you good advice and some people will give you bad advice. If you want to live in society, you have to try to get along with everyone, just stay away from those who want bad things.
There is no need to expect more from friends or even fellow work colleagues, just do our work professionally and don't waste time just judging the character of the people around us. Good friends will not look for loopholes to correct our bad habits, especially when it comes to work problems. In the world of work, there are various characteristics of people that we always encounter, so we have to be quite selective and immediately get rid of toxic friends because they will hinder the work process that we are carrying out.
Relying on yourself is better than relying on friends, and if we intend to help friends, I think we will be helped without expecting anything, and when we need it, of course there will be one, although not all, friends who will help. Therefore, a life of helping each other is very necessary, and of course we also have to be smart in choosing friends, because many of them are double-faced.
12  Economy / Economics / Re: Should there be a limit to investing in your children? on: June 13, 2024, 07:14:01 AM
Parents investing on there children is very important because sometimes things may not actually work the way the parents had envisioned for themselves in terms of financial aspects and at that time or moments it could be very difficult for them to take care of there children properly in terms of there education and other things so if perhaps they have already established an investment for the children it will become very easy for them because the investment will actually go a very long way for those children.

Sometimes parents have money but their children are not old enough to take care of such an amount therefore the parents choose to invest that amount for the future of their children as a result of which that amount will not remain in the same value but will continuously increase as the time goes.

Thinking about investing at an early age for children is very crucial because all the time we are not wealthy enough to do something better for the future of our children. With investment it is also necessary to teach the children about handling of investment because only investment cannot give you profit if you have no understanding about it.
To teach children, we have to get used to behaving according to what we expect from them. we have to set an example for them so that they imitate what we do. the same as investing for children, this aims to ensure that their lives will be guaranteed in the future, moreover we will not know what will happen to us in the future, that way as time goes by children will understand what we are doing and they will do it too because it is considered something good to imitate
13  Economy / Trading Discussion / Re: Best guide amd step to learn to buy and trade on: June 06, 2024, 07:09:37 AM
Hi i am new into crypto world and i want to learn as much as possible so i ask if anyone know what is the basic steps to start and what guide is the best? I understand this is most different from what people think.. but it cant hurt to read it all.
First i just want to buy bitcoin for around 1000€. i will look at youtube today what the best way to do it is, then i want to learn trading but i will wait for that until i have teach myself more. we all start from scratch sometime?
I am so thankful for alll members here that taking their time to help me
All expert trader are came from newbie but they continue trading and never give up even if they experience lose and now they become expert because of so many bad and good experience from thier trading works, so for me if we don't stop learning or if we just continue we will surely learn on how to trade just don't hurry and you will surely learn, because there is a lot of video tutorial from different social media channels, youtube, facebook, twitter, etc., you can start by looking some video tutorial then get learning.
The concern is that novice traders only see the sweet side of expert traders, so they think that trading is a quick way to get rich. If you think like this, you will definitely regret it later, so cultivating a mindset for beginners is very necessary. and if we take a trading class, the main thing taught is usually psychology, then trading techniques and financial management. and so on is experience in trading, because all of this requires a process
14  Economy / Trading Discussion / Re: Don't do this mistakes in trading on: June 06, 2024, 06:44:10 AM
This mistake is common and never dies; people tend to get more greedy of wondering they can get more of what they have so their emotions conquer to hold more their position after that makes another mistake tends to lose their position and gets liquidated, if you are a newbie trader this most happens but if you are experienced trader cutting loss is the most suitable than burning more your money, also have a plan until when you will hold and until what price there's a reason why TP/SL feature added in futures trading. Use this as your safety measurement.

Yup, that functions will help you to stay with your target it's best to learn more deeper understanding so you'll not just place your position and hope for luck to go behind you, unlike with deep understanding you can set up your limit and once the target hit out then you can call for the day, that's not limited with profits but also with losses, if you have that good setup then you can prevent being greedy and your chance of success is better.

It's your knowledge and trust with your own capabilities to research and study, the rest will be base from experienced that you'll again along the way.
It is indeed common, in fact every trader has experienced it, the only difference is how they can control their emotions, so they can comply with the rules they have made themselves. It is difficult for us without practice to control our emotions. By practicing more, we will have experience and that way we will be able to form our own emotional stability, but remember we also have to be disciplined towards ourselves.
15  Economy / Trading Discussion / Re: When is the best time to trade a Bitcoin on: June 06, 2024, 06:34:35 AM
So for me in this situation you can buy your Bitcoin at day time and trade it at night when it adds
But it is very important to watch at it carefully.
I don't really agree if it really guarantees that you can make money when you buy at day time and sell it at night. The market is not supposed to go up when it's evening, you can barely see the chart and there's no evidence supporting on that because the price not always went up when it's evening. But I believe that it's good to trade in night time because there's huge volume.
Bitcoin is highly volatile, and that any time of day or night, its price will never be certain. So I don’t believe in this kind of analysis, as I only trade when I know that there are possible profits coming at the end of my trades. Regardless if it’s a day or night, as long as I’m in a mood to trade while seeing the market is favorable to trade, then I won’t hesitate to trade and risk some funds I reserved in trading.
It is indeed difficult to trade based on time, while price fluctuations occur erratically, therefore analysis is needed to find out support and resistance, usually that's when the price will react, either breaking through or reversing direction, so that we can read what will happen next, and after that we can determine our attitude. This is different from forex trading, where there will be certain hours for news that will occur, and whether the news will have a high impact or not.
16  Economy / Economics / Re: Money addiction on: June 05, 2024, 04:50:15 AM
No matter how addicted we are with money, we should also learn to make good use of the opportunity of having it because its by chance that we got everything we have and we should not expect everything to last long like that, money answers to many things and we cant afford to be a liability with the use of money which we get, instead we have to work more harder to maintain having it consistently.

Stability makes a lot of sense economically. People who may or may not be addicted to money may make or lose money in their lives. The important thing is to know how to make money and to protect the money you earn. The important thing is to be economically stable.

We must learn to make money so that we can be ready for any situation. Information is needed to evaluate money-making opportunities. If people are knowledgeable in a field or really good at something, they will not miss the opportunity to have money when the time comes.
The most comfortable lifestyle is living according to our abilities, because ultimately money is the parameter. We can observe that many people live as if they are enslaved to money, so that they forget to eat, rest and take care of their health, until they end up sick and can no longer earn money, therefore we must have a balanced mindset so that our physical and spiritual health remains healthy. , because we will also lose ourselves later
17  Economy / Economics / Re: Surviving in this economy needs a new minds set on: June 05, 2024, 04:40:56 AM
Year after year before the cross over service there will be promises of a new beginnings, new hopes, vision, wishes and resolution
Government will come up with the budget of the incoming year and and when you look at the budget it is really interesting with hope's of having a better year ahead as in the budget it capture virtually everything including the economy and other aspects of the nation
But every year that passes on the economic situation is getting worse by the day, infact inflation increase with each year that passes making the living standard of the poor unbearable
This makes me to think and have come to the realization and conclusion that surviving in this present economic situation needs a total different mind set such that will make you to think out side of the box
Investing in crypto currencies like Bitcoin is not a bad idea at all
i think new mind set can do nothing with the high inflation, even if we have a new mind set it can only change our financial status but not the inflation rate, new minds set comes with new strategy to earn more profit to pay daily expenses so it also help but not so big help, the solution of the high inflation is not totally depend on us,it is in the hands of the government they can reduce spending and increase the taxes as a way to help reduce inflation.
This has also happened in my country where the government increases taxes, and tax people seem to be looking for loopholes to be able to collect taxes, and this actually has a bad impact on small business actors, where they have to compete and pay tax obligations, in the end they are unable to , and life gets harder. This will result in an increasingly high crime rate, because they are pressured by the necessities of life, especially at this time coupled with a lifestyle.
18  Economy / Economics / Re: Hunger in a country known for agriculture. on: June 05, 2024, 04:19:12 AM
greedy rich powerful people that simply do not give a fuck about common folks.

It is very sad that something like this happens in a country where the majority are farmers, however at least people have to think about their daily food because they all have the right to live and plan their future, especially their income from agriculture, lest they be oppressed by people who irresponsible, if something like that happens then their actions are truly heinous, they should not think about themselves, there are still many people in trouble who they have to find a way out of.
Even though Nigeria is called the giant of Africa because of its larger economy and population, as well as its economic growth, even though the poverty rate in Nigeria is higher than in South Africa. But the country has always struggled, even though there is little that conflict-affected citizens in Nigeria can do. Apart from its greedy government, this country is also always hit by a hunger crisis due to the never-ending conflict so that many people are displaced. The problem of hunger is a problem that is currently difficult to overcome because the problems that occur there are very complex. In fact, I once read an article that people in northeastern Nigeria always face a very serious food crisis and hunger, this all happens because of the increasing conflict and farmer migration that is occurring.

Maybe one way to end this hunger crisis is to return people to their hometowns, so they can open new agricultural land and achieve food security. The government must also be self-aware and think about its people, not itself and its groups.
The decreasing amount of agricultural land and people preferring to work in office jobs means that villages are becoming increasingly abandoned, because they think that working in the city can change their fate, where farmers are thought to not be able to make much money. Therefore, how can the government improve the welfare of farmers, so that many people will be interested in farming. With so many successful farmers, it will be attractive for the younger generation to cultivate the land with current innovations
19  Economy / Economics / Re: Is Inflation Necessary on: June 05, 2024, 04:08:31 AM
The bitcointalk forum is comprised of diverse people from all over the world. Our countries' must have gone through inflation as a nation at least once or more since its history. As a refresher, inflation happens when the prices of goods and services rise and people can no longer afford those items because the country's money almost becomes useless. But is inflation needed? Why can't we just keep the currency at the same value? And why does it only happen to money? For example, the same wouldn't happen if we used gold as a currency instead. Is inflation a ploy that the government uses so people don't get rich off of savings?
Virtually all countries of the world are facing inflation and we should just see it like it is only happening in just our country. Even the most richest and industrial countries are also facing inflation which is something that the government have the power to control. We might need seeing more inflation because things are getting tough everyday. People are losing their jobs due to the invention of artificial intelligence which is still going to dominate and take most people's job and their would not be need to hire people against. Things are really getting out of hand and it's important we take precautions to prevent us from getting frustrated.

It is true that we are currently feeling the impact of inflation that has hit all countries, but it all depends on how a country responds to it. It should be noted that inflation is a natural phenomenon in the economy that occurs when the prices of goods and services generally increase over time. So in my opinion the state must overcome this in various ways, one of which is by providing targeted and effective subsidies, increasing production and increasing wages for services, increasing salaries for private and government employees, this has a big impact on increasing purchasing power.
we can complain but somehow life must go on, so we as private employees have to change our mindset, where we have to work harder, and look for additional income to cover current living needs, we can feel the cultural shift happening around us, where for example in the past Many people work together to help one of the residents, but nowadays it rarely happens and the few times we ask for help from other people, it will be calculated with money as a reward.
20  Bitcoin / Bitcoin Discussion / Re: What is bitcoin future roles in Finance? on: June 04, 2024, 01:58:31 PM
Indeed, Bitcoin is being widely touted by Bitcoiners as a substitute for fiat money in the future, but when that will happen, no one knows, but what is certain is that currently Bitcoin opens up a big opportunity for us to make a profit from trading or investments, and many people have already gained freedom. finances from bitcoin, with the number of bitcoiners still minimal in the world, it is possible that the price of bitcoin will continue to rise, but indeed the movement is fluctuating
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