Some of the things that you have said is good, when you have money you will buy some for investment. It is just not for the sake of your happiness but I believe it will be soon for investment. Some other people delayed their gratification just to have a savings and after they do it they will spend too much because this is the only time they rest and enjoy their money.
Setting aside income to be used for investing would be very good if we could do it, people who choose to postpone their gratification in order to be able to invest I think this is the right decision compared to using our income only for momentary gratification. Everyone certainly has many desires and they deal with them in different ways, so we need to avoid them. If we can't avoid them then our income will not be enough to save let alone invest, so we need to have good financial management so that we don't spend all our income what we have for useless things will certainly be very detrimental to us. I agree with you. If you think about it, if we invest the spare money we have instead of using it to buy luxury things that provides temporary happiness then one day we'll be financially stable enough to spoil ourselves more. These types of decisions are sacrifices that we will one day be grateful about. |
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Renewable energy is really good for us and also the environment but the problem with that is the cost of having it. Most of the countries you have mentioned are rich countries so they are able to create structures for having renewable energy because they have that money but for those countries where I belong it is not possible unless the government really pushes this. Even in our country only private individuals have a solar farm and hydro is combined by non-government organizations and with the government as our government is more focused on building our economy and still not thinking of it.
As the population gets higher we will definitely switch to renewable energy as our energy right now is getting lower and lower but in the case of my country they are still not focusing on this but maybe in the future it will be feasible.
I completely agree with you in this. There is no doubt that renewable energy brings a lot of benefits, but the cost of having it makes it hard for developing countries to have access to it. Perhaps one day it will be more accessible and affordable for more countries to switch over to it, but as of now only a few developed ones are on full gear. |
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Let's imagine that you have half a million US-Dollar/Euro/GBP and want to feel financially safe and build a better future.
1. Real estate - It's probably one of the safest investment option out there. Inflation rises, rent and apartment prices rise too, if inflation turns into deflation, your rent/apartment price still remains the same. With half a million, you can buy two or more good apartments in eastern Europe and live on your rent income.
2. Cryptocurrencies are very volatile but rewarding. If you have a discipline and don't let your emotions take control over your decisions, then you can probably grow your capital by 200-500% a year. At least I think so, I think that's possible if one spends most of his time on exchanges and if necessary, spends some nights. So, crypto is very volatile and rewarding but another problem here is that you are dependent on exchanges, what will you do if they don't let you withdraw? Another problem is that you have to take care of your coins because once they are gone, they are gone forever.
3. Business - It's like an income generated by Proof Of Work algorithm. Depends on the business and the person, one can achieve a huge financial success and influence or a total failure. But a big and successful business can outperform real estate and crypto investments. To my mind, proof of work is the only thing that can deal with absolutely any kind of financial crisis and disasters.
Which one would you choose from these and why?
P.S. Spam will not be tolerated, that's why I open self-moderated thread. You post spammy, meaningless post and I'll immediately remove it! Don't ever try to do that here!
To my Best of Knowledge,I'm acquainted with cryptocurrencies,real estate and business as well in solving financial crisis. So first of all crypto can be 50/50 atimes and real estate its a great investment tho but ill rather start with business because its a great assets one can have in bringing in money in your pockets. Most times the market may not be friendly but it worth it. Business because i know what I'm specialized in and confident in doing it that is fetching me cool cash. To me i think Business is the best investment one can have to fight against financial crisis. Although you have a point here, we can't ignore two vital factors that are involved in having a business. First, in order to start a business one should have a capital, not just enough but with spare to ensure that if ever one factor of the business plan fails then you have extra money outside of your capital to patch the immediate loss. Second is the risk of the business not doing well, especially with the state of the market today and the risk of being new to the industry. With these, one may double take before choosing between the three. |
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Not everything in life is hard to get, Hard work isn't behind all success some success came from working smart and not hard. If hard work was really the path to success then all the handymen, construction workers and others that do hard jobs would had been successful in life but they aren't. Also you can achieved success in somethings quickly depending on how lucky you're. Yes the majority sees life as not been fair and hard but that doesn't mean the whole world sees it that way too. We have people that are loving it here on earth without sweating. Some people inherited wealth by just been born in a wealthy family. Life was meant to be easy but we complicated things and now we're suffering for it.
Let use the forum as an example, while you struggle to rank up due to the merit system, we have people that didn't struggle since they were here before the merit system was introduced, this set of people got to their different ranks by just been active and probably what they were writing weren't making sense but it counts for activities. We shouldn't over stress ourselves, life can be taken from us just as it was given. The most importantly thing to do is to enjoy yourself and make sure you're happy where ever you're. Everything you have explained is true, however the life cycle between one person and another is different in various forms because both are traders but their income is still different because of their cleverness in arranging ways to gain lots of profits. Yes, in this side of life, there are many things that can change someone to become successful more quickly without requiring a long time and also for some of them, they have to try for decades to achieve this level of success. Well, at certain points we can take several wise things to make changes in our performance to achieve success. Indeed, nothing can be achieved easily, but everything can be done in a short time if we already know the best way to get a process in building ourselves to become more successful people with the various businesses we do. I agree with you, where we start from varies and it surely affects our journey towards our goal. Moreover, there are also a bunch of other factors that is like this. It is best to remember that we have differences that sets us apart from each other and draws a different path and time line for us. |
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Verstappen is back in business again.  It was such an amazing qualifying performance by him. He took pole position by a really significant time gap. Just as I expected he is very ambitious to make up for the result of the Singapore GP. I will be expecting the same performance from him in the race as well. I can't imagine the time gap there. Singapore really is Max's weakness, although still pretty impressive nonetheless. Half a second time gap from the second best driver of the day is really something else. His teammate seem to be struggling in getting around the corners though, and even performed worse than the free practice session. Expecting to see Max conquer Japan GP with effort and stunning results (as always), while I'm hoping for Perez to grind more and come close to what his teammate is achieving in this track. |
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I don't quite understand what your game plan is here. Let's say, by some stroke of luck, you manage to secure a $50k loan and hedge against the final bet in your parlay. What exactly do you hope to achieve if the match takes an unexpected turn? What's the math here? In such a scenario, wouldn't it be better to cash out the $86k right now? If you, however, have confidence that the last bet will pan out, then perhaps it's best to let it ride for a potential $200k win.
Each time his topics become more murky (and suspicious to me). There is no point in hedging in this situation - cashout will give almost the same profit. Getting almost $90,000 from a bet of just over two dollars is enough to avoid taking on debt and not engaging in nonsense. In addition, this forum has a separate section for those who want to get loan. At this point, common sense should run first and not greediness. Why take a loan when you can get the $95k, bet $50k on the remaining parlay legs, play it safely and you'll still come out on top with free $45k already bagged regardless of the outcome. I think at this point, OP is just trying to rile people up in here, or are making us fools to believe in his screenshots if it is indeed the case. Either way, no sane person will think of risking an already excellent profit to gain a few thousands at best with the risk to lose it all + becoming in debt. |
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You can also tell this to the millions of people that are being indirectly fed by the gambling industry. Gambling is only bad for those who aren't responsible of their money, otherwise it's a form of entertainment, just like a lot of other people paying money to go to the cinema, buying items for their hobbies, and people idolizing individuals and buying their merch. All of these use money to gain satisfaction and temporary enjoyment, and those who went overboard will always have problems, be it gambling, fandoms, hobbies, or even watching movies at the cinema.
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Cash out then just bet more on the last legs of the parlay, I guess? That's even better than having to get a loan and be in debt should this parlay not hit. Besides, that $95k you'll be gaining is literally free considering how little your stake is for the whole parlay. Betting $50k in a 3-way parlay with 3 odds gets you at an even better position than letting this parlay ride. You are already at an advantageous position, why choose to let it lose now by loaning and trying to hedge? You'll gain a few thousand at most in hedging, whereas in cashing out the $95k and keeping the same bet, you'll still be able to win a lot more.
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I trust the RNG to suck for me. There are only a few times in my life wherein I won something in the casino. Most of the time, these are losses, though I understand that it would be the case since it's "random" after all. Also, if you have a way to verify your game session before every roll, might as well do that, and it's something that puts you in somewhat a comfortable position as you know that the games are not being rigged since you checked for the integrity of the game before you click that 'play' button.
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I would add one more important thing, which is that you should not gamble with money for which you do not have a valid proof of origin - because I recently read a case where a user won almost $4 million with a deposit of $100k, and now the casino refuses to pay him win because he still hasn't been able to show them where the money he gambled with came from. Hmmm I think this is trivial and controversial at the same time. A gambling casino which requires their players to prove the origin of their funds can be a double-edged sword for their reputation. Maybe the reason on why that gambling casino required the person to show proof of the origin of their funds is due to the fact that he won $4 million. These gambling companies will do whatever it takes for them to void the winnings and create issues out of nowhere. Perhaps if I could suggest, 2FA is one of the better ways of securing your account and funds in a gambling casino. Before a hacker could infringe and steal your funds, they must pass another layer of security which is in your control. I was also asked by a local exchange about my source of funds that I'm depositing to a casino every week. They said that it's for AML regulations, and I understand that. What I don't understand is why would they buy me for something insignificant? $80 a month isn't really anything, but these guys act as if I'm spending a fortune on my gambling activities. Also if you're asked for source of funds, I don't think 2FA will help at all. |
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Well, tbh long shot lang talaga kasi kahit ibang mga 1st world countries nga malayo pa talaga sa true adoption. I think kung magsisimula ito sa mga malalaking bansa talagang magkakaroon ng ideya itong mga maliliit na bansa na sumunod sa yapak. Hindi naman masama ang hangarin ni Binoy kasi susuporta lang naman siya maisusumiteng bill. I stumble upon this news na kung saan nabanggit ni Finance Secretary Benjamin E. Diokno na "blockchain technology has cost-effective financial solutions with security, accessibility, and transparency that could boost financial inclusion." just a recent article. https://mb.com.ph/2023/9/23/dof-urges-thrift-banks-to-ramp-up-digitalization-initiativesTechnically, gusto nya maging sponsor sa isusumiteng bills meaning may papel sya at mailalagay ang pangalan nya dito. Kung magiging sponsor man sya dito ay sana naman yung magiging authors ng bill ay may alam talaga sa blockchain hindi yung makiki hype lang para lang may masabing may napasang bill during their terms. Pero I agree na mas okay if may developed country na mauunang mag adopt kasi knowing ang bansa at gobyerno naten mas bibigyan pansin nila ito pag may naunang maimpluwensyang bansa. |
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Additional advice: hindi "research" ang pagnood ng YouTube vids na ung tipong "top 5 coins to invest in 2023!", etc. Ang research ay pagbasa ng project documents, pagtingin ng metrics, pagnood ng interviews, etc. Akala ng karamihan "research" na ung nanood lang ng 20-minute YouTube video.
Inshort parang you defined DYOR (Do your own research). Ang panunuod ng video ay consider na rin itong research if yung pinapanuod mo ay tama ang mga detalye.
Oo mahirap talaga manghula sa crypto parang katulad lang yan ng ma sumasabay sa hype ng coin. Sunod sa hype = Walang research. Parang katulad nangyari sakin sa P2E na akala ko sustainable hindi pala. Totoo to hahahah. Dati kapag nanood ako sa youtube ng mga 13 mintes clip na video about sa promotion ng coin, mags'share sila ng project akala ko sapat na yun para maging rason para ilagay doon yung medyo kaya kong kapital. Parang pagkatapos ko panoorin yun feeling ko panalo na agad o parang alam ko na agad yung magiging resulta. Yung initial na nilagay ko, sa pump and dump na project pala mapupunta haha. Do your own research para sakin, ako rin dapat yung gumagawa ng sarili kong opinyon mula sa facts na nakuha ko mismo at hindi galing sa opinyon ng iba. Tyaka kung mawawalan ako ng pera dahil L sa investment, symepre at least dahil sa sarili kong desisyon, hindi dahil sinabi lang sakin na maglagay ako ng kahit magkano dyaan sa coin na yan. Tama, mahirap kasi sa karamihan ng mga videos sa YouTube ay naka format na para yung mga kaaya-aya at magagandang parts lang yung ipapakita nila para madaling makapanghikayat ng mga tao. Also, masasabi rin na puno na ng opinions ang mga videos na ito kaya naman mas okay na DYOR talaga para tayo mismo ang magkakaroon ng sariling opinyon at insights based on our own research without the influence of others. |
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Bitcoin gives opportunity for everyone to earn and make an investment. However, in this context, we have to define who are the poor in OP's context, is it those people who are able to buy their meals and needs but are barely making savings, or is it those who are really very unfortunate and can barely buy their meal every day? This context is important because it will tell us if the "poor" OP is referring to can have at least a little amount of money to enter Bitcoin.
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Hate speech usually comes from those who either fail to understand something and they feel attacked when facts and knowledge are presented to them or those who are just jumping on the bandwagon of misinformation about something. In this case, hate or dislike for Bitcoin is not new due to various negative (possibly fake) stories and news surrounding it. Additionally, there is are also the negative portrayal of media regarding Bitcoin that ruins the image of it and heavily influence the hate-train surrounding Bitcoin.
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Indeed, everyone has their own lifestyle, but exercising wisdom in spending money is a commendable practice. It's true that not everyone earns the same, and some may earn very little, but everyone still has the capacity to seek additional income to meet their needs. It's not advisable to do the opposite, which is squandering one's salary like a spendthrift.
Individuals working in companies and earning insufficient salaries often allocate their money towards their lifestyle. If lifestyle expenses can be restrained, and if one chooses to socialize with more modest friends, it can certainly alter the expected end result. For instance, if a $7 coffee fails to provide a positive return, it's better off left behind.
I agree with you. Since it is general knowledge that not everyone earns the same and have different lifestyle, we should also know that we have different financially capacity, meaning some of us can afford to spend on things others can't. Hence, in order for us to have a better standing in finance then we should find ways to increase our income. |
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You know why they can't pay debts in full? You and me will be affected by it.
Where the government is getting their funds and budgets? From us, from our taxes, from any other services that's put on top of the price so it becomes more expensive.
That means, higher tax might happen, higher price will certainly occur and that's not something good for most of their citizens. Although it is doable, they can't just do it on an instant.
I actually thought of this as well. If the government decided to pay for the international debt the country owns, wouldn't the effect fall on us? Additionally, just because a country's economy looks good and on top of the other countries this does not mean they have the capacity to full pay their international debt in one go. |
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The government can guide and help its constituents and elevate the status of its citizen by providing opportunities to people. The government can also help its people by providing free education eliminating illiteracy among its people. The government only provides possible solutions but the people should be actively participating in these activities. In short, ending poverty is possible if the government and its people work hand in hand.
I agree with you. Both the people and the government have their own responsibilities to fulfill if we want to see changes in the issue of poverty. The government holds a responsibility to protect and properly govern the people and the people, on the other hand, needs to make sure that they are also utilizing the opportunities given to them as the government cannot individually look after their people. |
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Needing preparation to face this very dire situation, accumulating Bitcoin is one of the right ideas for storing value. I would choose to live in the countryside because the cost of living there is lower than in the city, using empty land for food needs is an alternative. Rice fields must be managed well to prevent increased expenditure.
Global economic difficulties can be overcome by producing your own food needs by utilizing rice fields, you can plant various kinds of vegetables to prevent falling into global economic difficulties.
I think that's a pretty good idea. Because at least even though the economy is experiencing a serious crisis. Then at least we will still have food security for ourselves. So we don't need to worry about the rate of inflation which causes food prices to increase. Planting in rural areas might indeed be a good alternative. But that means we have to buy land in the countryside. And actually I also want to own land in the countryside and manage it while enjoying financial freedom one day. Because living in cities, sometimes when the rate of inflation occurs very quickly, we will be directly affected. And it's not easy at all. Invest in bitcoin and in farmland in the countryside. And living there while growing various kinds of vegetables and food seems like it would be fun. And it will save us a little from global economic chaos. Although it is not as easy as both of you stated it, I still agree with the idea. Despite the effort and a bit of capital it will take to produce at least a big percentage of our needed food, it is still better than solely relying on the market which we know will be on a all time high. Honestly, if such crisis ever happens then our best bet is to do whatever it takes to survive even if it means leaving the city and learning how to produce our own foods. |
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I don't think it's a problem that you need to trouble the whole forum with. investing and finding ways to invest is what we do best, how to get there should be something of your own volition and something that doesn't need to be asked to the peeps here. In any case since it's already here anyway and I really want to help you get that capital for your business or whatever.
if you're looking to find the capital for your business, employment is the key. You can't start a business through another business without getting the proper capital for both first. And the only surefire way you could ever hope to achieve this is nothing else but through finding a proper job. Once that's settled, always allot a portion of your salary towards your savings before expenses and leisure, slowly but surely and depending on how much you get paid, you'd be able to earn the capital you need to start your business eventually.
I wouldn't go as far as saying that OP is troubling the forum with their post. I honestly just see it as OP asking for insights from the opinions, knowledge, and experiences of the members here. There are a lot of post like this so I'm not sure why you have stated that. Nevertheless, I'm glad you at least still shared your own insight on the topic. Moreover, I agree with you regarding employment being the top source for income that can be used as capital. |
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Edited out.
That will be as a result of careless attitude of the player, by keeping an easy to brute-force passwords. But, hackers rarely go for individual accounts, they target the big cow, the casino. And such attack cannot be enforced because of the balance of a player. Casinos become prey to hackers, when hackers discover how huge the amount of money the casino is holding. Or the kind of endorsement deal the casino give to celebrities. So, nobody can be sure what led to the attack of a casino. That's why players who think the money on their casino balance is too much or can affect them if anything happens, should withdraw. You can't really tell as to the extent that hackers can go, because of at any attempt the screenshot carries the gamblers account details with the large balance believing me that hackers will definitively reach out to make several attempts to take control of of that account. Some time they may target the account owner through phishing link or other offers that will tempt him to lose his security unless he is smart enough not to display some vital traceable info on the screenshot. Hackers are always just waiting for the right time to strike and the right people to target. They have the means to attack, but they are not openly trying to make contact unless they are sure that they already have everything that they need to perform the attack. This is why I'm wary of people posting lots of information online of their account screen and betting history, or any other personal information for that matter. It's like they are inviting themselves to be hacked. Best thing to do to protect your online accounts is to not let anyone know you have them to begin with, or use a password manager to make sure that you are not reusing a password for another website. I think these things are already common internet hygiene by now, and should not be reminded to people every now and then - but hacks still occur, so eh, whatever. |
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