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1141  Bitcoin / Bitcoin Discussion / Re: Investing doesn't guarantee you to be rich on: July 09, 2023, 10:49:43 AM
To achieve success in an investment career, it is important to get a good education and research, create a measured, disciplined and patient investment plan, manage risks wisely, keep learning and adapting.

Absolutely, gaining knowledge and learning skills of utilizing various strategies is crucial to become a successful investor. Adequate education and through research provide the foundation for developing plans of investments in different vehicles, such as stocks, real estate and crypto currencies, and understand their characteristics, potential returns and associated risks. Without proper knowledge and understanding the risks involved, individuals are likely to make impulsive decisions or fall for scams.
1142  Economy / Economics / Re: Look for what to invest, not what to eat on: July 08, 2023, 03:19:45 PM
Not all types of investment are actually profitable or could even assure us that we can get out of poverty through it
Indeed, It is a fact that not all investments yield good returns, we need to be good in cherry picking, and invest our hard earned money in projects led by reputed and professional management teams. These teams should have proven track record of delivering satisfactory returns to their investors, while taking appropriate measures to protect investors fund in case of any unforeseen situation. Nevertheless, as a fundamental rule of investment, there is certain level of risk involved with every type of Investment. Hence, we should make assessment of our financial situation and risk tolerance level, before making any investment decision.

I believe that consistently investing in Bitcoin through DCA strategy can potentially assist families in transitioning from lower income bracket to middle class over the long term.
1143  Economy / Economics / Re: Look for what to invest, not what to eat on: July 08, 2023, 01:42:53 AM
People must have things to eat to survive before they can do other things including investment.

You have made a valid observation regarding survival of life which is a natural instinct of human, and investment comes later. There is a significant portion of the world who face challenges on daily basis to provide food, shelter and healthcare for their families, and leaving little room for luxury of investment.

Indeed, financial security is crucial, and one should strike balance between securing one's basic needs and planning for the future. For those who have sufficient resources for investment, should consider investment in Bitcoin which is an emerging technology and can potentially reward substantial rewards in the long term.
1144  Bitcoin / Bitcoin Discussion / Re: Bitcoin as an opportunity for the unbanked. on: July 07, 2023, 03:40:14 PM
I think bitcoin can help the unbanked only if their country accepts bitcoin and people can spend and receive bitcoin wherever they want.

Certainly, Bitcoin holds potential to provide significant benefits for unbaked population around the world. However, in order to fully tap into this potential, there are several major issues that need to be addressed. These include achieving widespread adoption, developing infrastructure, ensuring easy access to Bitcoin network and establishing regulation and acceptance of the crypto currencies.

Adoption of Bitcoin is an evolutionary process and it is making satisfactory progress. One promising aspect is that youngsters all over the world are seeking to understand this emerging technology and participating in its trading and investment related activities.
1145  Economy / Economics / Re: UAE is the biggest gold buyer of Russia during this war on: July 07, 2023, 10:32:08 AM
Do you think Ukraine is the first victim of russia? Let me remind you - Ichkeria, Moldova, Georgia, Azerbaijan and many others, and this only in the last 20 years! Look at the metastases of the Russian world - the PMR, the LND, the DNR, Abkhazia... They are points of destabilization of entire regions. 
You still want to treat cancer with talk?!

That is why economic squeezing, sanctions, aid to Ukraine, and pressure on terrorist accomplices are the only way to save the world.

I deeply empathize with all citizens of Ukrainian who have been enduring through devastating situation for years. The ongoing conflict has brought immense sufferings and hardships for the people of Ukraine, and my sympathies go out for them. As a victim of war your emotions are understandable, however the opinion about effectiveness of sanctions as a tool to bring this conflict to an end, is a debatable topic and there are divided opinions. Evaluating the impact of sanctions can be complex and requires careful analysis. It is important to explore and utilize all other means available, in addition to continuation of sanctions that could contribute to the resolution of  this conflict.
1146  Economy / Economics / Re: Why is money ruling the world? on: July 07, 2023, 01:09:30 AM
Why is money ruling the world?

Money is ruling the world because it is a powerful tool that creates economic, political and social influence. Money represents wealth and resources, and those who possess substantial financial resources can shape the economic policies, invest in business and control industries, thereby exerting influence over government and policies.

In summary, money holds considerable influence, however, it is not sole factor governing the world. There are other elements such as politics, culture, and social values, also play important roles in shaping the global landscape.
1147  Local / Other languages/locations / Re: Pakistan on: July 06, 2023, 05:14:41 PM
Ending words: Defi maya staking ma APY fix ha ya nai is decision nai hoga ka halal ha ya haram decision pessa kese use ho raha ispe hga yani apke profit ka source paa. Ignore compilation as emergency topic ha haha so iss compilation pa guzara karain..


Brothers, Hum mein se koi bi Mufti toh ha nhi es liye es topic pe koi final verdict toh nhi de sakty mgr jo kuch hamara thora bht knowledge ha es ki bunyad pe stable coins mein staking toh bilkul sahi nhi lugti mgr aisy coins/tokens jin ki price fluctuate hoti rehti ha un mein staking kerna kisi hud tak sahi lugta ha or ek zaruri bat yeh ha k staking reward ki payment bi accumulated transaction fee se hona chaye. Baki Allah o alam bissawab.
1148  Economy / Economics / Re: UAE is the biggest gold buyer of Russia during this war on: July 06, 2023, 03:35:23 PM
It seems like Big powers are not interested in resolving the Ukarine / Russia conflict as it's going on for over a year now. UN security Council must sit down and figure out some solution to this conflict. Already there is too much loss of human lives in this conflict.
India has decade old defense and business ties with Russia while Gulf countries are in western camp. So far usa is not sussssful in getting support of India nor Gulf countries which is a kind of Diplomatic win for Russia. The irony is that no side is giving up and is the reason conflict is getting prolonged.
Indeed, prolonged conflict between Russia and Ukraine is a matter of great concern for all of us, as it is directly or indirect affecting life of everybody worldwide, in the shape of loss of innocent lives of civilians, property damage and soaring inflation. As an advocate of peace , I strong urge everybody to raise their collective voice on all forums to compel major world powers to start negotiation to bring this conflict to an end. The continuation of this conflict can potentially involve neighboring countries and can result in catastrophic situation.

1149  Economy / Economics / Re: UAE is the biggest gold buyer of Russia during this war on: July 06, 2023, 11:33:20 AM
The geopolitical situation surrounding Ukraine war is very complex, making it challenging  for countries like India, UAE to align with a particular side. These nations have traditionally have been maintaining a principled policy of nonalignment, and it is in their national interest to maintain a neutral stance.

Moreover, buying of Gold during the times of  conflicts, is a common practice of countries  to diversify their national reserves to mitigate the potential impact of currency fluctuations.

1150  Bitcoin / Bitcoin Discussion / Re: I sold the altcoins and invested in Bitcoin" on: July 06, 2023, 02:46:47 AM
Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?
The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?


I believe you have made a right decision to convert all your Alt coins into Bitcoin. Bitcoin is indeed considered is a pioneer, leading and most secure crypto currency for long term investment. It can also be used for trading purpose if you possess skills to analyze technical charts/trading patterns to make timely decision of entry and exit in the market. Moreover, good knowledge of utilizing risk/money management tools is equally important to mitigate losses in trading. In terms of soft wallets, Electrum is regarded as a relatively secure option.

https://www.cryptonewsz.com/crypto-wallet/electrum-wallet-review/
1151  Bitcoin / Bitcoin Discussion / Re: Have you, or would you ever use a Bitcoin ATM? on: July 05, 2023, 04:34:32 PM
I am pretty sure that most (if not all) of the BATMs that are buy only, they still are accepting cash.. that is their main value proposition.  If you are using credit/debit card to buy bitcoin, then you would not need cash for that, but surely those kinds of machines would seem to be way less useful.. and so why not just have an App for that?  In other words, the physical presence of a machine seems to be useful for dealing with cash whether they have both buying and selling of bitcoin or if they ONLY have buying.
Well, I am very sure that Bitcoin ATM users will avoid those Bitcoin ATMs that are configured for buy only because since those BATMs most time request for ID scam before if usage and transaction it then means that the Bitcoin ATMs for buy only are drawing us closer to centralization since that bitcoin bought through the buy only BATMs are traceable to individuals since there is a submission of IDs.

But I can still use Bitcoin ATMs to either withdraw Bitcoin to cash or better still use Bitcoin ATMs to pay for merchants or at POS for retail shopping.

I doubt that it is safe to assume that if a Bitcoin ATM only offers buying BTC, and does not offer both buying and selling, then there is some kind of a malicious plot - because there could be a variety of reasons that a machine might ONLY offer buying BTC that might include regulations or it might include logistics.

Sure, it would be better for society overall if all Bitcoin ATMs were to offer both buying and selling - but we do not live in an ideal world, and sometimes things happen for a variety of reasons that don't always make sense on the surface.

I think there are Bitcoin ATMs available in many countries where you can buy and sell Bitcoin. In fact, many Bitcoin ATMs sre designed to offer both functionalities, allowing users to buy or sell Bitcoin by using cash or other payment methods.The availability of both options may depend on its operator or local regulatory requirements. The introduction and increasing prevalence of ATMs  is a positive development towards adoption and promotion of Bitcoin as digital currency.

https://cointelegraph.com/learn/bitcoin-atms-a-beginners-guide-to-bitcoin-teller-machines
1152  Economy / Economics / Re: Russia and others, move to use Yuan instead of dollar. on: July 05, 2023, 10:02:37 AM
When a country is embargoed, it suffers economically. Since Russia is at war and embargoed, it has to protect its economy. There are various ways to do this. It is trying to take certain steps to reduce the influence of the dollar. Russia is trying to get closer to China to disable the US financial system. It's a logical move for Russia. At the same time, it is necessary to prevent the negative effects of dollar fluctuations in many countries. Wars are now fought over the economy.

The sanctions and embargoes can yield targeted outcomes in the short term, however their extensive use compels the affected entities to find alternatives and become more reliant on their local resources.
It is also important to note that characterizing wars as conflicts fought over economy is over simplification. While economic factors can play significant role in geopolitical conflicts, wars often involve complex dynamics, that includes political, ideological, territorial and historical factors. Economic factors alone don't fully capture the complexities of wars.
1153  Economy / Economics / Re: Russia and others, move to use Yuan instead of dollar. on: July 05, 2023, 02:56:26 AM
What does this new development make for the US economy and the US dollar in the coming days and years to come.[/b]
Give your personal opinion on this development!

I think the primary reason for Russia to consider accepting Chinese currency Yuan for international transactions of its oil sales, is to bypass US financial system and reduce its vulnerability to Economic sanction imposed following the Ukraine war. It can provide an alternative avenue for conducting business and lessen the impact of sanctions. Secondly, it can help Russia to diversify its foreign exchange reserves which are currently heavily weighted towards US dollar and Euro. By doing so Russia can mitigate the impact of fluctuations of these currencies on its economy.
1154  Bitcoin / Bitcoin Discussion / Re: Investing doesn't guarantee you to be rich on: July 04, 2023, 03:50:18 PM

They have to be woken and enlightened that they will lose money very easy if they are greedy with Altcoins. Those articles have different numbers of failed projects by different methodologies but their numbers are all big. Actual number of failed altcoin projects can not be known because many 'projects' are created and died within minutes when they failed to pump and dump their scam, fraudulent games.

You have brought attention to a crucial matter within the crypto currencies space, existence of numerous scam coins those hold no value These projects were created with the aim to deceive newcomers in crypto space and unlawfully take their funds. It is essential for us to take responsibility and raise awareness among our family, friends and broader social media community. While my first preference is always Bitcoin, however, top 20 coins listed on coinmarketcap  can be considered for investment purpose, as they have some use case.

In summary investing in these high risk coins has very little chance of making you wealthy, while the probability of incurring significant losses is much higher.
1155  Bitcoin / Bitcoin Discussion / Re: Investing doesn't guarantee you to be rich on: July 04, 2023, 09:54:59 AM
You misquoted that post Sayeds56...  I did not say that... it was karabiber.. so I fixed it in this post..

Thank Sir, for correction. I regularly read your posts very carefully because of your extensive knowledge about Bitcoin, awareness of Investment strategies and above all your belief in its growth potential, which is highly remarkable and source of learning for all of us. I always follow your advice to enhance my understanding of Bitcoin technology and market dynamics, and encourage everybody to do so, to be able to take a well-informed decision.
1156  Bitcoin / Bitcoin Discussion / Re: Investing doesn't guarantee you to be rich on: July 04, 2023, 03:05:51 AM
You will not become rich by investing but you will not reduce your capital but it should not be forgotten that making a good investment causes your ambition to increase. When you become ambitious, you decide to invest more. But this is not correct behavior. You should stand by and proceed with Hodl in such a case. You should also be prepared for market fluctuations. Avoid investing if you have a weak hand. When investing, you should always be open to change and investment strategies from 15 years ago will not work.

Indeed, it is fascinating to consider that Bitcoin may not make you wealthy in a short period, it also doesn't necessarily decrease the value of your capital. This also implies the importance of making well informed decisions and avoid reckless speculation. It is quite natural to become ambitious when you start achieving success, but it is crucial to control it by understanding the viable investment strategies, such as DCA (Dollar cost averaging). Making impulsive decision without considering risk tolerance level can be detrimental.

Investment in Bitcoin is a relatively wise decision in the context of its ability to hedge against inflation and its outstanding performance during the past 15 years.
1157  Bitcoin / Bitcoin Discussion / Re: Investing doesn't guarantee you to be rich on: July 03, 2023, 04:22:00 PM
But to say the truth Bitcoin in particular has helped many out from the poverty zone to middle-class citizens in their various countries. Investing in Bitcoin and through the investment the person get rich, it was also part of his or her plan of investing. Like if someone purchased Bitcoin in 2022 when Bitcoin was 15k$ and 16k$  with the sum of 3k$ and the person hodl it for a very long period, as JayJuanGee said, that person will become a rich man in his area. Though there is risk but if the person can manage the risk and succeed in the investment. Men!!! The nigga/dude will make it in life.

You have raised a valid point regarding Bitcoin influence on socioeconomic status of individual's life, resulting in numerous individuals to move from poverty to middle class. I have personnely observed within my friends and family circle who timely recognized potential of Bitcoin and engaged  in various endeavors of orypto space, such as investing and trading in Bitcoin, joining bounties and airdrops campaigns. Their impressive earnings through these endeavors is a testament to the empowering opportunities that crypto space provides for those who seize them.
1158  Bitcoin / Bitcoin Discussion / Re: U.k Approves Cryptocurrency As A Regulated financial Activity. on: July 03, 2023, 10:49:44 AM
What the UK has done now is what the US should be doing, not the other way round.
It's because government wants to have control over it and since they can control Bitcoin, that's why they are doing that. Well, they will surely find another way to take control if not fully control then having a platform that they regulated would still bring them profits just like what the government did where they have regulated the app I am using to buy and sell crypto.

The recent decision of United Kingdom to embrace crypto currency industry is undoubtedly a positive development. As UK is an influential country of European  continent with strong economy, this decision of UK will certainly escalate growth and adoption of this emerging industry, build confidence of institutions to make substantial investment and encourage other countries to follow this example. Another encouraging development is the news of Korean parliament is set to pass legislation regarding crypto regulation soon. This another step towards establishing clear framework for crypto currencies.

https://www.coindesk.com/consensus-magazine/2023/01/26/south-korea-national-assembly-crypto-debate-regulations/#:~:text=Non%2Dsecurity%20tokens%20%E2%80%93%20which%20include,are%20enforced%20by%20the%20FSC.
1159  Bitcoin / Bitcoin Discussion / Re: Investing doesn't guarantee you to be rich on: July 03, 2023, 02:20:43 AM
So I think that part of my point is that there is both planning and action that results in ongoing learning so that there is ongoing tweaking of plans based on learnings, and the tweaking of plans does not even necessarily mean that the overall course of action is changed. but just that some strategies might be tweaked from time to time that might involve cash management or how to buy BTC with DCA, buying on dips and lump sum investing when we know that it is nearly inevitable that bitcoin's price will continuously and ongoingly change on a regular basis.

Indeed. effective planning and taking appropriate are crucial elements in achieving achieve success, and ongoing learning plays a vital role in adapting and refining strategies overtime. When it comes to investing in volatile assets like Bitcoin it is important to understand that markets are always dynamic and often they make unpredicted moves, therefore managing cash to capitalize on every significant dip becomes very important. Moreover, making a single significant investment in assets like Bitcoin is suitable for those who have strong conviction in Bitcoin's future prospects.

In summary, there is no guarantee that investment in any asset class can make you rich, considering Bitcoin in the context of its historical track record, suggest bright prospects of substantial returns in the long term.
1160  Economy / Economics / Re: Am I a bad person if I manage to avoid taxes? (Hypothetical question) on: July 02, 2023, 11:44:57 AM
So, my legitimate question is, after all the robbery, a person, who doesn't pay taxes, is a bad person for the society or not? More likely I want to get answer from those whose countries have a model similar of European healthcare and employment insurance.

I believe paying taxes is our fundamental civic duty. Taxes are indispensable for maintaining and enhancing infrastructure and various public services including security, health care and many mores. They play a crucial role to finance all these services for overall benefit of the society. However, it is the responsibility of the government to ensure a fair tax system for all segments of the society. Moreover, it is vital to utilize tax revenue in a way that every penny is spent wisely and efficiently.
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