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1101  Economy / Economics / Re: Europe have one big problem the euro currency on: July 25, 2023, 11:07:38 AM
There is quite a demand for € inside the eurozone though!

Indeed, the volume of trade within Eurozone countries is remarkably high, in year 2022 the total trading volume recorded was more than 4 trillion Euros, which is very impressive and reflects fundamental strength of Euro. In my opinion the main factors driving the depreciation of Euro are as follows:

1- Heavy dependence of European countries on Russian oil and Gas has become a concern, particularly due to ongoing Ukraine war which added uncertainties to economic outlook of Eurozone, and impacted value of Euro.

2- Another significant factor is slow down in economic activity in China, that has also adversely affected Eurozone, as China being its largest trading partner.

https://cepr.org/voxeu/columns/euro-weakness-2022#:~:text=Three%20key%20factors%20have%20been,(Fed)%20and%20the%20ECB.
1102  Bitcoin / Bitcoin Discussion / Re: Days you need to work your ass at minimum wage for a BTC, by country on: July 25, 2023, 04:00:47 AM
I understand that some people have more opportunities to earn wages as compared with others, and sometimes we might not recognize/appreciate some of our opportunities or realize how to spend our time - in terms of learning new skills that might allow us to be able to seek higher paying employment..

You have touched upon an important aspect of socioeconomic inequality and personnel growth. Indeed, people's access to opportunities and resources can greatly influence their ability to earn higher wages. The factors those contribute to this disparity include education, geographical location, their skill level and above all market demand.

In summary, recognizing and appreciating opportunities, we have to be proactive in seeking personnel and professional growth can help individuals progress toward higher paying jobs. Simultaneously, it is equally important to address systematic errors on broader level for fair distribution of opportunities.

Earning one Bitcoin, in most of developing countries for a middle-class person, it is an arduous task and may require him to work for many years to generate sufficient saving to achieve this ambitious goal.
1103  Economy / Economics / Re: Europe have one big problem the euro currency on: July 24, 2023, 04:40:53 PM
Your opinion is wrong. The EU economy is the third largest in the world, after the USA and China. On the other hand, I do not see the currency, the euro, as a bad thing. It is not as sought after as the dollar, but there are many developing countries with weak currencies where they accept euros as well as dollars, although not as many. It is certainly much better than most currencies in the world.
You are absolutely right, while European union is one of the top economies of the world but it ranks third after USA and China. European union is indeed a significant economic power house of the world, its combined GDP places it among top global economies. Euro is official currency of Euro zone and it is widely used not only among member countries of European union but also in international trade  and finance, and it ranks second after US Dollar.

I think the debit crisis started in 2009 had a significant impact on Euro's value against other major currencies and  caused overall economic instability in Europe.

1104  Economy / Services / Re: [CFNP] Utopia P2P - New ChatGPT Asst. & Web Proxy 💎| Signature + Chat Campaign on: July 24, 2023, 11:43:30 AM
Signature updated.
1105  Economy / Economics / Re: Fed on brink of fifth(?) round of quantitative easing on: July 24, 2023, 10:31:18 AM

I don't expect the next QE to happen before late 2024 at the earliest (just in time for the US elections -coincidentally- Grin).

The inflation won't be stabilized around the 2% target until 2025...

To me it seems the stars are aligning for yet another spectacular bull run in 2+ years from now.

Although it is difficult to predict outcome of financial events with 100% accuracy, however I agree with your opinion that QE is possible by the end of 2024 which is coincidently election year in USA as well as anticipated event of Bitcoin halving . Hence, these both important events can serve as significant factors potentially triggering uptrend in both Stocks and crypto currencies markets.
1106  Economy / Economics / Re: Fed on brink of fifth(?) round of quantitative easing on: July 24, 2023, 04:16:20 AM
Fed on brink of fifth(?) round of quantitative easing

While quantitative easing remains a plausible option, but it is unlikely to happen during the year 2023. As FED has decided to leave interest rates unchanged in their previous meeting  due to consistent downward trend in inflation. However, as FED chairman hinted that in his policy statement that two more interest rates hikes are possible during the year 2023. Therefore, FED may choose to increase interest rate by 0.25%  in their next meeting scheduled to be held during the current week. Let's watch and wait, how the situation unfolds in the next 72 hrs.
1107  Bitcoin / Bitcoin Discussion / Re: We All Know, The halving time will be full of drama on: July 23, 2023, 06:42:24 PM
We All Know, The halving time will be full of drama

You are absolutely right, Bitcoin halving is a crucial event in crypto currencies space, and it can potentially generate lot of attention and discussions within crypto community. This event can often lead to excitement and uncertainty. Some people may spread fear, uncertai9nity and doubt during these times. It is important for long term investors to remain firm and continue holding your Bitcoin, as the historical trend suggest that Bitcoin consistently makes new all time high after the having and same historical pattern of growth is likely to be repeated after the next having. Therefore, staying patient and confident during market fluctuation can potentially help to harvest substantial returns in future.
1108  Economy / Economics / Re: Can your passion lead to an increase in your net worth? on: July 23, 2023, 02:36:16 AM

The people in these stories followed their passion and created wealth through it. What is your opinion on following one's passion in relation to wealth? Can your passion lead to an increase in your net worth? If yes, what is stopping you from following it?
Indeed, success stories of Defossey and Sean Audet are impressive and can serve as motivation for new entrepreneurs to follow their passion and create wealth. However, it is important to note that passion alone is not sufficient , there are numerous other factors those play crucial role in growth of business. Among these elements, conducting through marketing research, fostering innovation and creativity, customer appeal of your products or services ,as well as providing excellent customer service are equally important in boosting sale revenues and building sustainable business.
1109  Economy / Economics / Re: How is financial stability defined for you? on: July 22, 2023, 07:05:22 AM
When talking of financial stability is something that can never be satisfied and quantified as a being we are we always strive to increase in our financial status regardless of how much we have made and how much keeps flowing and yet still carving for a better tomorrow. That is why today the richest man in Africa today never get satisfied with what he had rather keeps creating more opportunities to increase in his finance, at this we never say they are okay with they earned or what they got from their companies.

It is true that for some people, no matter how much they have in their possession, they continue striving for more and more. However, I believe, this trait is also  natural aspect  of some people who are never satisfied with their current achievement, this drive for expansion and growth is also seen in many successful entrepreneurs

In my opinion attaining the purpose of life is beyond materialistic success, enjoying family life by spending quality time, travelling all around the world and contributing for the welfare of society are equally important for a meaningful life.

1110  Bitcoin / Bitcoin Discussion / Re: How Sells or Buy influence the market value ? on: July 21, 2023, 04:12:49 PM

I have been hearing for a long time that large-scale of selling and buying Bitcoin has a big impact on the market. So now a question arasie in my mind that how this proccess manupulate  the market. I wanna know some details from you guys.
Thank you



If I am understanding you correctly, you are interested in understanding the concept of manipulation in all markets including Bitcoin. It is a common  belief that entities or individuals often referred as "Whales) with significant amount of funds can dictate or change the direction of market by making substantial buying and selling. The  primary motive behind such  actions is to make quick gains. This artificial movement of market is known as manipulation.

However, It is important to note that all significant buying or selling is not manipulation. There are many mega institutions who make huge buying for legit reasons, despite the fact that such buying can also potentially impact the market price of assets.
1111  Economy / Economics / Re: How is financial stability defined for you? on: July 21, 2023, 10:41:22 AM

        If your current financial is not able to provide everything you need and after that there is no money left, then it's time to think about it. I mean that you need to have money for the investment process. A person should have a financial cushion that can be used in unforeseen circumstances. Isn't it? It is required to look for additional sources of income that will contribute to this.

In deed, it is important to have some extra money for investment in asset like Bitcoin on regular basis, that can be crucial for achieving goal of financially stability in the long term. If your income is just enough to meet your basic needs of food and health care, then it is high time to consider developing skills to enhance your income. Exploring earning earning opportunities available on internet in IT and  ecommerce sectors can be significant step towards achieving this goal.
1112  Economy / Economics / Re: How is financial stability defined for you? on: July 21, 2023, 05:34:43 AM
How do you define financial stability for yourself? Do you believe that there's a thing as too much money? With what kind of income would you be satisfied and felt successful, at least in the sector of finances. Is it the more, the better?

Financial stability can be perceived differently by individuals, depending on their specific financial circumstances and responsibilities. From my perspective, financial stability means ability to meet your obligations and maintain reasonable standard of living without excessive financial pressure. Moreover, It is also essential for us to engage in social work and contribute for betterment of society, alongside finding fulfilment and purpose of life.

1113  Economy / Economics / Re: Food security in the world has been shaken by Russia's actions on: July 20, 2023, 03:28:36 PM
Food security in the world has been shaken by Russia's actions

This ongoing conflict between Ukraine and Russia has had profound impact on human lives worldwide and its ripple effects are of global concerns. One of the significant consequence is logistic issue, resulting in food and gas shortage not only in war zone but all over the world as Ukraine and Russia are major suppliers of food items and petroleum products.The severity of this situation can potentially trigger severe economic meltdown globally that concerns all of us..

In the light of these grave circumstances, it is imperative for world community to take decisive actions and make vigorous efforts to facilitate a  peaceful resolution to this conflict.

1114  Economy / Economics / Re: Population: Economic strength or weakness on: July 20, 2023, 12:28:26 PM

With regard to the question, there can be two ways: the first is good by encouraging citizens to increase offspring and reproduction, and the second is evil by trying to keep poor countries backward and spread wars and chaos so that young people in these countries are forced to emigrate and work in developed countries.


It is true that in countries with excessive population, if governments fail to effectively create employments for their youths because of short-sighted economic policies and corrupted autocratic system. Un-employed people may involve in criminal activities, a concerning situation may arise resulting in wide-spread hunger and country becomes unliveable. Consequently compelling people to migrate to developed countries for their survival and better prospects.
1115  Economy / Economics / Re: Population: Economic strength or weakness on: July 20, 2023, 02:01:22 AM
In a way population has an impact regarding the economic status of a country. However, it mostly comes down to the way government officials handles the overpopulation or underpopulation state of a nation. For example, countries like China and India shows that despite their known overpopulated country they are still able to boost their economic status, whereas other countries that are reaching peek overpopulation are simultaneously facing the problem of poverty.

I think population is not a sole factor to determine economic outcome of a country, there are other factors that play crucial role in shaping up the  economic trajectory of a country irrespective of population size, such as good governance, consistent and efficient economic management. Politicians often sell dream of prosperity to win elections, but achieving it requires more than just a large population. It is important for people to work hard with clear goals in mind, develop necessary skills and produce goods those not only meet local demand but also sellable in international markets to earn foreign exchange for the country. China and India serve as good examples that have mastered this strategy, earing foreign exchange through their export oriented  approaches. Achieving prosperity through exportable surplus is a successful economic model that other countries can follow in achieving their economic milestones for sustained growth and development.
1116  Economy / Economics / Re: Population: Economic strength or weakness on: July 19, 2023, 04:01:02 PM
The population could be a blessing or a curse. This depends on the leaders of the country we are talking about and the people therein.

If policies are not good enough, the higher the population, the more devasting it would be. Another thing about the population is about those people that form the population (the masses), if they are nonentities, then there is nothing much positive that would come out of it.

Forget about increasing or reducing the population, it doesn't work, they are just litmus test as far as I'm concerned and it has different results per country. Once the foundation/system is wrong, it's a problem, the country can't get it right with either increased or reduced population.

You have drawn an interesting perspective of relationship between population and prosperity of the people living in any specific country. It highlights an important  aspect of how the number of people in a nation can impact their overall prosperity and economic success.

China is a good example for debate on this topic, as it is most populous country with persistent highest GDP growth rate. The key factor to understand this phenomenon  lies in the wisdom and visionary approach of the leadership, effectively harnessing its population to enhance agricultural and industrial production that results in overall well being of the general public.
1117  Alternate cryptocurrencies / Altcoin Discussion / Re: Which cryptocurrency comes close to bitcoin? on: July 19, 2023, 02:04:21 AM
That doesn't make any sense. What do you exactly mean by "No more bitcoins"? because there will always be available bitcoin in the market. A world with zero BTC sellers is nonexistent.

You are absolutely correct that there will be always Bitcoin available in the market as long as new bitcoin are being mined and miners continue sell them in the market. Miner receive Bitcoin as reward for their mining efforts and they will continue receiving it  until 21 Million Bitcoins are mined. However, It is possible that there could be scarcity of Bitcoin in the market as the reward decreases overtime , potentially driving its price up. Despite this, there will be always individuals willing to sell their Bitcoins and book their profit, as long as there is demand for Bitcoins. Buying and selling activity is basic function of all type of markets including Bitcoin market . This activity will undoubtedly  continue in the future, as well.
1118  Economy / Economics / Re: Economic problem, why is fiat difficult to hold. on: July 18, 2023, 12:47:52 PM
Why is money at hand difficult to hold? I usually find it difficult to keep track of money anytime I have cash at hand, I make plans to hold money, but It never stays because something always demands the money, it is even so bad now that money kept in my account is also now being affected due to expenses. This is not something that happens to only me, I know that because of how money can easily be spent, many people now decide to avoid having cash, avoid taking ATM cards from their banks and also avoid activating USSD or internet banking, but is that really a long term solution? I blame myself a lot for spending so much and being irresponsible with money, but in your opinion, do you think that the soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?

Indeed, it is very challenging for many individuals to mange money effectively, you are not alone who is facing this issue. There are many personnel habits and societal influences, can make it difficult to hold on to money, such as, impulsive buying, lack of budgeting and emergencies. Despite all these issues, it is never too late start improving your finances by making monthly budget, setting saving goals, creating financial plan and implementing them wholeheartedly, you can work towards a healthier financial future.
1119  Bitcoin / Bitcoin Discussion / Re: Bitcoin: Bull/Bear Market Which Do you Prefer? on: July 18, 2023, 09:15:37 AM
Just like how sun and moon are both important for the universe to operate, similarly both Bull market and Bear market are a necessary part of the Bitcoin ecosystem.
Bear markets allows new investors to jump in the market and buy their favorite altcoin or Bitcoin at a discounted price.
Bull market shows the potential of the Cryptoverse and great returns those who trusted the market in bear run. They get rewarded for their patience.

It's a complete cycle and I love it. Smiley

Well said. You have made an interesting analogy between sun and moon and bull and bear markets in Bitcoin ecosystem. Both bear and bull are natural cycles of economy, and from investment  perspective, during bear market the sentiment is weak, hence it provides opportunity to accumulate Bitcoin at discounted price. On the other hand in bull market there is overall excitement in the market with significant influx of funds and prices tend to increase rapidly. it is the right time for long term investors to consider booking gains on their investments and wait for the significant drop in prices to start accumulating Bitcoin again.
1120  Economy / Economics / Re: Why is bitcoin pumping when the economy is heading into a recession? on: July 18, 2023, 02:20:06 AM
Markets move ahead of current news, quite alot of the market is speculation of future prices so if a recession does register today it has to be unexpected in some way or magnitude.

It is true that markets determine the future price of assets in anticipation of economic events including recession. Regarding how Bitcoin would react to economic meltdown situation, it is yet to seen as it has never faced such situation since its inception in 2009. I think people are compelled to sell anything they posses during economic hardship to fulfill their basic needs of food and healthcare.

I think individuals and institutions will continue investing in Bitcoin as recession is a remote possibility. The world community has learned valuable lessons from previous recessions. Central banks of the countries like Federal reserve (FED) has range of options and tools to mitigate the risk of recession or recession like situation.
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