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1521  Economy / Gambling discussion / Re: Gambling addiction touched forum users in a very sad way... on: January 13, 2023, 08:19:22 PM
For the ones who do not follow Collectibles forum (https://bitcointalk.org/index.php?topic=5434506.0):
Cold Key owner retrieved private keys of all the sold 'cold wallets' he produced and as he was in need because of gambling he stole all the funds.

Which (apart of obvious sad event for card buyers/owners) is a very problematic for the whole "collectibles" market, any coin/card producer now will be asked twice "how may I trust you?".

It's sad to see such a big name in the forum, who apparently created so many timeless and beautiful coin pieces, fall over in such a selfish way. Not only that, it creates ripples and damages the reputation of any future collectible creators because less people will be so trusting in future after such a widespread scandal. I think it's a bit lame to blame it on a gambling addiction, because there are some addicts out there who know their limits and do not stoop to the level of stealing to fund it. If you want to spend your own money on this, do as you please, but once you start stealing other peoples hard earned cash you have crossed the line into criminality and financial fraud which is far beyond normal behavior.
1522  Economy / Economics / Re: These Are the Top 10 Most Profitable Side Hustles in 2023 on: January 13, 2023, 07:44:39 PM
While it is not mentioned which income bracket the majority of quit jobs fall into. It is entirely possible the largest segment of quit jobs occur at the minimum wage level.

There was a study published many years ago which could not determine how minimum wage earners pay their bills off of their income. With mandatory spending rising at fast rates. These negative trends could significantly have worsened. Which could define a trend whereby many quit their jobs as their salaries no longer allowed them to afford to cover basic bills.

It is known that many seeking help have high difficulty finding workers. Looking at the above chart where side hustle jobs with salaries as high as $20 can be had at an entry level with "few or no starting experience". Perhaps we begin to see why workers are abandoning minimum wage employment opportunities at high percentages.

While I don't think this illustrates the entire picture. There are perhaps a lot of things going on which are not being defined. Perhaps it is a step in the right direction.

It's interesting to see all the categories that people are side hustling in because this basically defines what is profitable. People move on from unprofitable sectors and they are much less likely to pop up when such surveys are taken, as these skills have been acquired over many months or years. It's particularly interesting to see the craftsman show up so high, but then I guess it covers everything from woodworking to arts and many others. In reality these side hustles are often in areas that people have found profitability or maybe just hobbies that developed into something that they could sell to others, that can be one advantage - it's not necessarily a job if you love doing it.
1523  Economy / Gambling discussion / Re: Best Times when I visit casinos Versus When I don't on: January 13, 2023, 07:16:48 PM
In my estimation the best times I discover that I visit online casinos are

1) Promotion/Bonuses
Numerous casinos ran promotions and gave bonuses over the holiday season. I took advantage of it and used the promotions and offers to play my preferred casino game, slot.

2) Free time
I utilize my leisure time as well. After completing all of my tasks for the day or week, I simply go to an online casino to play a game, search the site for new and interesting features or games, or read the blog.

4) Extra cash
Every time I have a little extra money that I know I can afford to spend, I deposit it into my online casino wallet and play some games. It's been worthwhile thus far.

When I stay away from online casinos

1) Family/relationship or personal challenge
Since we are all human, we face difficulties in life. On days like these, when I feel burdened by my family, my relationships, or a personal difficulty, I avoid playing at online casinos. I do not turn to online casinos as a coping strategy; instead, I address it head-on.

2) Unhappy/ Over happy
When I am overly happy or unhappy, I avoid visiting an online casino. When I am really happy, I might over bet because my emotions might have impaired my judgment. Whenever I'm sad, the same thing applies.

3) Working on a Project
When I am working on significant assignments or have a deadline to meet, I try to avoid going to online casinos because I know I can get carried away. And if I lose money, I might have a horrible day, which would affect my efficiency, productivity and output.


Do you have a best time when you visit an online casino and when you totally steer clear from them?

I'd agree with the first example that you gave, most of the time I'm only on these casinos to take advantage of promotions - whether that is a free sports bets or the free slot game offers that are available. Besides that it's hard to see how anyone gets much fun out of clicking buttons, being distracted by side games after you've lost a chunk already and generally just losing money consistently as the house hoovers it all up. You should definitely try to find a baseline of your emotions and be aware of situations where you might be going in while very unhappy, as the psychology they put into these setups is very sophisticated. If you start losing and you're in a fragile emotional state, it's very possible that you will run up lots more losses as you chase it.
1524  Economy / Economics / Re: Twitter could launch in-app ‘coins’ to help creators make money on: January 13, 2023, 06:59:57 PM
I'm interested as to how they propose to deploy content creation revenue given the text limit along with limitations on server video bandwidth. Could image based memes could be considered approved content?

Could they conceivable payout decent revenue based on end users publishing a few sentences of text? Could that disrupt the freelance writing market where some authors are paid by number of words published?

They're reporting twitters proposed internal currency coins feature will not be crypto based. Which is interesting development. I think most of us expected dogecoin support. Or something similar. There have been a few previous leaks that this was coming. Although unfortunately the sources were apparently deleted before anything more than a few unconfirmed screen caps could be recorded.

While twitter's launch of a watered down version of facebook's proposed diem and libracoin projects might not be the most exciting headline anyone has seen. Perhaps this could be a step in the right direction?

Looks like Twitter has copied the idea from Reddit and who knows how many other places, it's definitely not a new or inspirational idea. Elon is scrambling around trying to collect pennies while he overspent much more on the acquisition because of his own fragile ego and wanting to be the center of attention. I'm glad to see that his wealth has imploded after all his disastrous mistakes and just goes to show that he is definitely more lucky (being able to take advantage of companies with many other creative people who actually deliver the projects) than smart. I have a feeling that these sort of charms and rewards will do little to plug the huge holes, along with the massive reputation damage he has done to it as a relatively responsible platform so far.
1525  Economy / Gambling discussion / Re: Fees on Dormant Accounts on Crypto Gambling Platforms on: January 11, 2023, 09:13:15 PM
Are you familiar with this? Or has anybody here been actually charged for having his/her crypto gambling account inactive for several months?

The monthly charge could be as high as 15% of the remaining balance. Or, worse, the entire balance could be withheld by the platform itself. Although it could be for security's sake and be returned upon request, who knows what conditions or perhaps KYC information they would require just to have your money back?  

For the sake of discussion, let's set aside the fact that one shouldn't leave money in gambling account wallets. Do you think this policy is fair?

This is similar to a bank policy that requires accounts to have transactions every now and then or be active or else dormancy fees could be charged. But this feels weird to a gambling platform. What happens to seasonal gamblers who don't mind leaving money in their account wallets? One could only be betting during annual work breaks or vacation or during annual sports championship events. Say, the NBA playoffs, The International, and others.


While I'm not a big fan of this sort of activity, I can understand why casinos do it and there not just being a financial incentive. If they wanted to really be fair however they would approach it differently - like if your balance was $30 or less then maybe claim that as an administration fee but close the account as well (the supposed justification is it costs money to "run"). However any amount higher than that and they should make efforts to return it to the owner, either via a mailed check to the address on record but still claim an admin fee. That avoids them getting their hands on much larger sums that they have no justification for taking if they are just trying to close down liabilities, if the check is not claimed in a certain time frame then maybe it needs to be moved to a dormant bank account where it can earn the casino small amounts of interest if they want to profit from it.
1526  Economy / Economics / Re: Every passing year seems progressively worse on: January 11, 2023, 08:53:05 PM
I don't know how to describe this emotion, but every year that passes seems progressively worse than the previous one in a variety of ways. The last few years seem to be going downhill, with something unpleasant occurring every single year. In 2020 and 2021, we suffered enough with Covid-19, in 2022, we thought that we'd possibly get a break, but nope, the war started on February, which was followed by excessive inflation and an economic recession.

We're now entering 2023, and things aren't looking any better. Inflation keeps worsening, energy and oil prices are extremely volatile, while in our case in Greece and Italy, despite MWH being the cheapest it has been since the invasion, we're holding the record for the most expensive energy prices.

On top of that, a few days before 2023, half of the U.S.A. is suffering a terrible blizzard, with temperatures even reaching as low as -50C. Climate change is real, and it's only going to get worse in the following years.

I'm not sure if everything has gone downhill in the past few years or if I'm overexaggerating and making it sound worse than it really is. Perhaps my sitting all alone in my bed on New Year's Eve isn't helping.

Anyway, happy new year to everyone and good luck on your bitcoin endeavors!

You have to stay optimistic in life, there is no point dwelling on the bad times and living in squalid memories. There are plenty of good things happening every year and it is only by everyone trying their best that we can make the world a better place. Humanity has made all sorts of massive and impressive leaps throughout history, you should expect it to continue. We have never been closer to things like curing cancer, we managed to turn around a vaccine within a year that was able to protect people from a deadly virus, we're moving faster towards renewable energy, more people are going on a lower meat diet and all sorts of other great achievements.
1527  Economy / Gambling discussion / Re: Criteria of a good gambler on: January 11, 2023, 08:30:00 PM
A lot of people wonder what is the criteria of a good gambler, here are some of my thought about good gambler

a good gambler never chase profit
Profit might be the first reason why people gamble, but a good gambler never attached to the profit, the most important thing in gambling is excitement and fun experience, having profit is just the bonus

a good gambler able to control himself / herself
Self controlling is very important in gambling, without a clear mind there will be a lot of mistakes in betting and even causing reckless betting and losing all of the money in split second

a good gambler know when to stop
Setting a limit is very important in gambling, setting a lost limit will prevent you to over spend your money and setting a win limit is  also important because in the long run the house got a bigger chance to win due to the house edge

a good gambler never cause any problem to the surrounding
A good gambler know that the chances of losing money in gambling is huge, so a gambler should never used daily needs money or borrowing money to gamble, and a gambler should never think of robbery or stealing to gamble

a good gambler can accept lost
When losing a good gambler won't blame the surrounding, cursing or accusing the  casino as fraud places, losing is the half part of gambling, if you can't accept lost then dont start to gamble

a good gambler should able to manage the time
A good gambler know how to split the time for family, for friends and for gambling, a good gambler never neglected family or friend just because of gambling

We must encourage people to become a good gambler, so people won't always have a bad judgement about gambler

A lot of these reasons all stem back to having control of yourself. That in part can come from living a stable life style and knowing how to look after your finances, along with understanding that casinos are always the long term winners because that's how they make such immense profits every year. It takes some extremely bad management for a casino to fail and in that scenario they are likely unaware that they are getting cheated in one way or another. You should always keep gambling to small amounts and if you feel it creeping into a regular activity that takes up a lot of your time, when you're not making a profit, then it is always better to cut your losses and get out. Being able to walk away after losing money often takes the strongest mind to get through.
1528  Economy / Economics / Re: Big Tesla Shareholder Mounts a Rebellion Against Elon Musk on: January 10, 2023, 09:54:09 PM
This is interesting:

Quote
KoGuan's anger and revolt are due to Tesla's stock market rout. In 2022, Tesla stock lost 65% of its value, translating to more than $600 billion in market capitalization evaporated in a year. Tesla's market value is currently $357 billion, down from over $1 trillion at the start of 2022.

While Musk attributes this stock market disaster to macroeconomic factors like the Federal Reserve's aggressive interest rate hike to fight inflation and the energy crisis in Europe, many Tesla shareholders, including KoGuan, believe that his acquisition of Twitter for $44 billion is the big problem.

To a Twitter user pointing out that Musk had lost $200 billion in personal wealth on paper due to Tesla's stock market crash, KoGuan said that was not the case.

"No no no!" the investor responded. "Not only he abandoned Tesla, his capital is also disappeared! He’s the greatest financial genius of our time. He cashed out $40B, his investment in Tesla is not nil, zero, but negative -$39B, but he owns 13.4% + vested 304 million shares. Paper lost $200B is phantom."

Does anyone remember a time when bitcoin was criticized for exhibiting too much volatility.

While traditional investments like stocks and bonds were considered more stable and reliable HODL investments by some?

Of course, that was pre pandemic era. Before stocks like TSLA (tesla) lost 65% of their value inside of a single year. 

Here tesla's claimed 3rd largest investor KoGuan claims that the twitter deal is the issue behind tesla's large devaluation in 2022. I always wondered why Elon Musk offered to buy twitter for $40 billion which to my mind is about 10 times more than its worth. If such is the case, can it be said that Elon Musk only has to succeed in making twitter profitable for the buyout to be considered a success. Or does twitter have to redeem itself to the value of $40 billion staked on it, in order to break even.

Tesla is known to sell merchandise in exchange for dogecoin. There have been rumors that tips in bitcoin or cryptocurrency support would be rolled out for native use on twitter in the future. Elon has been strangely silent on topics like this, which many have speculated upon for some time.

I've never liked Elon so maybe extremely biased but he has truly lost his way since his disastrous purchase and overpayment of twitter, it couldn't happen to a more deserving guy. There's no doubt he has a certain level of intelligence and he was definitely in the right place, with bags full of money from his previous dealings, to grow tesla early on. However his own vanity has caused this massive downfall which was in some ways inevitable. Tesla is now failing because all the other car companies have caught up in most aspects and no longer need to buy carbon credits which propped Tesla profits up for so long. Now it will just be one among the crowd and eventually fade back into obscurity as it is super expensive and not mainstream enough, in many ways it was the "iphone" version of cars which people used to show off but has a way higher price tag which is unsustainable for long term success.
1529  Economy / Gambling discussion / Re: Can we really make a living in sports betting? on: January 10, 2023, 09:28:07 PM
I heard lots of stories online that there are people who are making a living in sports betting, and honestly it really inspires me that's why I'm still gambling now. So I'm just curious, do we have members of the forum here that are making a living in sports betting? Can they share some inputs on how to be successful like them?

I hope they will share so we will know if it's really possible. I mean, as the saying goes, casinos always win because they have the advantage, so how come people are making a living in sports betting?

Where are all these stories? Maybe that is all they are - stories and not based on fact. You'll find like with many things in life, there are a lot of posers out there and they try to make a business out of selling "tips" or strategies to gullible people. There are countless people creating fake information on places like Youtube who pretend to be winning, but the real winners out there are extremely rare and will keep very quiet about their business to prolong it as much as possible. The only exception to that might be large syndicate companies who simply try to get a tiny edge over bookmakers and often lay off bets if they think there is a possibility to make a small profit on mispriced odds, but you need a lot of money and statistical intelligence to play at that game.
1530  Economy / Speculation / Re: Starting to Think The Bottom May Be Close? on: January 10, 2023, 09:03:34 PM
Firstly it is great to have found this forum, makes a refreshing change from Crypto Twitter haha.

I have been thinking over the last few days that the bottom for Crypto may be closer than we think? After all the FUD and bad economic news, it does seem that $16k was very solid for Bitcoin. I was just reading this post that I came across on Twitter: https://cryptochiefs.io/crypto-outlook-2023-is-the-crypto-winter-nearing-its-end/

What they are saying does make sense. Especially about the Fed Pivot, as I think the rises will be paused very soon. I think the economic situation will improve dramatically over the next 12 months.

This leads me to the question... so I need to start accumulating more heavily? LOL

Bitcoin started to falter when a recession was starting to materialize in various strong economies around the the world, first it stumbled due to Covid and now due to Russia's invasion of their neighbor. While we have seen a recovery in business, people are still in shock and maybe the recession has not fully completed itself yet, so there could be another year or two of people being very careful with their money. It's also a lot more expensive to borrow money, while Bitcoin's massive spike was in some ways caused by the ability to borrow at very low rates. It pretty much became a game of pass the parcel until the music stopped and the game could still be running now, so people are reluctant to get back in and may be looking for the next wave to ride.
1531  Economy / Gambling discussion / Re: Woman won $43million but was offered a steak dinner instead of her winnings on: January 10, 2023, 08:02:07 PM
Quote
Katrina Bookman was playing the slots at the Resorts World Casino in Jamaica, Queens when she secured what would have been the largest slot machine jackpot in US history - $42,949,672 (£35.4m). She took a selfie with the machine to mark the moment, and later said her whole body went 'numb' when she saw the life-changing figure. Bookman was told to come back the next day to discuss her winnings, but when she asked an employee what she'd be walking away with, he responded: "You didn't win nothing." The New York State Gaming Commission said Bookman’s machine had malfunctioned, and that she'd actually won just $2.25 (£1.86).The machine had a disclaimer stating 'malfunctions void all pays and plays', and as a result the commission said that they were required by law to give Bookman only what she'd actually won.

Source: https://www.unilad.com/community/woman-won-43-million-offered-steak-dinner-instead-055644-20230108


Some Casinos are just plain fraudulent. So this woman visited a casino, play slot and won $43million. She took a selfie with the amount displayed on the machine. The casino saw it and told her to return the next day so they could talk about the winnings. Next day she returned. Story changed. She was told the machine had malfunctioned and therefore it was what was responsible for the winnings. They went ahead to offer her a complimentary steak dinner. I got so livid reading this story.

Isn't this just the stupidest reason not to give her her winnings?
Couldn't they have known that their so-called machine was faulty before letting gamblers use it?
How could they do this to her?

The casino should lose their license in this scenario, if the regulator actually had any teeth and were capable of doing their job properly. There should be no "get out" clause like that or they can literally say that any single jackpot that a machine shows up is null and void, thus defeating the whole point of playing towards a jackpot from the customer perspective. It's not only the casino at fault here, it is the government enforcement agency that are clearly powerless to do anything against fraudulent actions of a casino. By letting them get away with it once, it will just be easier for them to get away with it again in future and might even be abused more in future.
1532  Economy / Economics / Re: Vietnam GDP grows 8.02% in 2022; fastest expansion in 25 years on: January 09, 2023, 10:08:49 PM
A rare good news, cool story bro, headline. Vietnam with 8.02% GDP growth. That is quite the accomplishment considering other major powers of the world brag if they manage to achieve 1% economic growth.

It appears economies of some nations are exhibiting high positive growth. Bucking the trend of economic contraction which is plaguing most developed nations, presently.

The trend here appears to be importers searching for manufacturing and production alternatives to china. With vietnam emerging as one popular option. If china is indeed on a decline. It might imply that a vacuum will exist in the future for manufacturing and production sectors.

Can high economic growth stave off negative circumstances of high inflation and global financial contagion? How do people see this playing out over the long term?

You will often find these situations with lower GDP countries and while it is good, it's not as impressive as you might suggest. Those starting from a lower base will find less friction as there is a lot of "slack" in the system. Over the last few years, even more so with the Covid situation, China has shown that it has lost it's edge as a powerhouse for all sorts of different reasons. Many people are actually scared off by the political direction that China has taken and the instability that has brought, with the government changing the rules (for the worse) all the time and having random crackdowns. The other major thing is wages, the Chinese are starting to demand ever higher pay which was the major reason that they were super competitive in the past and younger generations don't want to work in the more menial jobs that made their country richer in the past.
1533  Economy / Gambling discussion / Re: A lottery's defense to not paying a huge winning. on: January 09, 2023, 08:13:44 PM
I came across a story on this thread about a lottery company refusing to make payments to a player who legally played a game with about $690 and won over $160,000 but was denied payment on the grounds that his winning data has been wiped out of their system.
Below is the link to the original story.
https://punchng.com/lagos-lottery-company-arraigned-for-refusing-n72m-win/
Link to the topic
https://bitcointalk.org/index.php?topic=5418121.msg61175078#msg61175078.

I just came across another news,where the lottery company, has now come to a defense of its action for not paying the winner his winnings with claims that winner was involved in irregularities. And that around 2019 he won a huge sum of money from them and now another winner from same outlet which was suspicious to them.
https://leadership.ng/lagos-lottery-coy-says-claimant-of-n72-2m-win-engaged-in-irregularities/

The question is ?
What do you really think of the lottery company and is there any chance for them to winning the case and not paying the winner?

What an utterly bizarre story and it gives a very poor impression of the lottery company involved. You should be careful about intermingling two unrelated cases because one might be a case where the company was generally terribly managed and they should pay up because their own systems were so poorly designed, whereas the second case does seem more like suspicious activity on behalf of the claimant. You always need to look at the evidence presented instead of assuming that one party is instantly the victim. In the first they would likely lose if the person took the case to court and could give even some basic evidence, because for the company to claim their system is wiped is very negligent.
1534  Economy / Economics / Re: A career - as an employee or a business owner which do you prefer and why? on: January 09, 2023, 07:24:59 PM
In life we have different folks with different likes and preference. There are people that chosed to go into business as businessmen from scratch and turned out to be business tycoons and movers and shakers of the industries with some few years in business.

While on the other hand some other person chosed to be employees as in working for those that owns business organisations/companies and yet still made it in life to an enviable climax. Perhaps cause that's what they love and have enthusiasm for rather than being an entrepreneur which perhaps might not have worked out well for their career eventually.

Either way, be it a business owner or an employee there are some other people who venture into either of them made no success too. Life can be somehow unfair, right? No! Life isn't unfair, for that's how the cosmos works. So everyone can't just win on a particular thing, definitely not everyone  Smiley

Now let's have a discussion about it all, for between being an employee to work for some other person's establishments/organization/company  and rather taking time/years to establishing your own company and not working under an employer but rather you being the employer, which will you chose and please ensure to back up your choice with reasonable thoughts, as it could be a guide to some other person's that might be reading this tread.

Let's begin!

It's going to depend what sort of industry and profession you're in really. There's a big difference between being a greeter in a supermarket on minimum wage and being employed by a company at the highest end in finance or being a doctor. The internet has really broken down barriers for all levels really and it has never been easier to start a business in many different forms online. Whether you're creating websites or buying in bulk to resell physical products, offering translations or designing an art piece, there are huge possibilities that only require an internet connection to get going. It's best to try many different things and see what setup works best for you.
1535  Economy / Gambling discussion / Re: A superstitious strategy? on: January 09, 2023, 07:02:54 PM
Most gamblers must have went through this, sometimes luck appears to be your side specially in games like casino war or dice.

Today, morning I was playing casino war, I just use martingale - I know it's lame strategy. But I won most of time.

Then later at noon, luck just didn't appear to be on my side. A constant losses with win every once in a while to recoup the losses and then losing streak, all funds gone.

Now, let's be some superstitious and say, if you play only when luck appears to be on your side, would you call that a good strategy?



You're mixing the idea of luck (or natural variance) with the idea that you are following a strategy. Firstly, "Martingale" is an utterly trash concept and you will always run out of money before the casino does, so it has no longevity. Anyone who believes that it will benefit them should not partake in any form of gambling because they simply have not accrued the education or knowledge required that would tell them what a terrible concept it is. You also mention superstition in the thread title which is another huge warning sign, that word is often associated with desperation and desperate people often make very bad choices in an effort to improve their situation - like gambling what small amount of money they have away because someone dangles a large amount of money in return (with odds so high you'll never win)
1536  Economy / Economics / Re: The poor people with their reasoning on: January 08, 2023, 09:39:23 PM
No matter how hard you try, poor people can be difficult to persuade to accept and invest in bitcoin, according to my crypto knowledge and people's enlightenment. They vehemently criticize whatever you show them or introduce them to. They are the ones who constantly inquire about how you manage your funds in order to live during this economic downturn.

Poverty or degree of wealth accumulation possible is often times outside the control of individuals around the world. The majority of people are born into countries where it is extremely tough to break out of cycles that offer them low wages and very high competition. The internet has been a great equalizer in many respects, offering both knowledge and the means to work in useful services from any corner of the globe with access. Only with the right education, accrued knowledge and maybe essentially time do people have the means to improve their situation. For someone that has to work 12 hours a day, 6 days a week just to sustain their family - the ability to invest or experiment elsewhere might be impossible. Circumstances matter greatly.
1537  Economy / Gambling discussion / Re: In search of reselling tipsters group on: January 08, 2023, 07:41:08 PM
Hey there,

does anybody can share with me any other group which are reselling tipsters picks something like TrickPicks or GlobalPicks in Telegram ?

p.s. i know buying reselling tips is not good  Wink

Thanks

These sort of questions never make the slightest bit of sense. What you appear to be looking for is tips on winning outcomes in sports because that will make you a profit. However if someone has either through a) underhanded dealing that fixes results to a certain outcome or b) an excellent track record that brings in a clear profit for the individual or group, then they simply have zero reason to include you in their setup. The more people that know or utilize a certain strategy, even if just copying someone else, then the less likely the bookmakers are to give you a decent profit that you're chasing. Besides that, if they are so super successful at picking winners, then it makes more sense for them to just keep on growing their own bank roll than share with anyone from the general public.
1538  Economy / Economics / Re: Save your environmental economic cycle on: January 08, 2023, 07:03:09 PM
Hi, friends.

We are currently in a chaotic phase of global economic uncertainty, everywhere in the world is almost similar to this situation in terms of economy, energy scarcity, food scarcity and many others. but that's not what will be discussed with friends here.

A few days ago I was walking around the housing complex, and I noticed that a lot of grocery stores and other needs (conventional/retailers) had gone bankrupt, maybe this happened because prices were soaring even worse, and people prefer to buy from online stores instead of buying from neighbours, which causes the economy to slow down is undeniably this is the impact of the global economic chaos and technological advances.

If you are a person who has money to shop for daily needs, I suggest you buy from merchants around you instead of shopping online whose stores are far from your place. This must be done to turn the wheels of the economy in your neighbourhood and save them from bankruptcy, at least you give them space to live.

Each recession is generally unique and comes from a whole new set of shocks that were unexpected before, but we're actually living in the most prosperous few decades that humanity has ever seen and should always be grateful for that fact. The current disasters will hopefully resolve themselves in due time, we're slowly getting past the shock that Covid caused us and eventually Russia 's invasion will get defeated so we can return to normality. That will help prices to stabilize once again, commodities will come down and efficiency will improve to lower prices of the products that we all use. The richest countries of the world have possibly been sheltered the most from increasing prices so it will benefit the poorest countries the most when this happens.
1539  Economy / Gambling discussion / Re: How Are Players Going To Trust Casinos If They Don't Show Solid Evidence on: January 08, 2023, 06:31:42 PM
There are accusations that have or cannot be resolved because they always ended up with your words against their words, players show screenshots of your proofs and even take up or accept KYC but in casinos cases, they just hold on to their words that the player has cheated, manipulated or exploited a bug without showing strong evidence like screenshots of the log they just hiding in their defense that they cannot show proofs and add further to protect the integrity of their platform, so the accusations remain open.
Many casino's defenses are like that.

The casinos are often not to blame in the majority of these scenarios. There are actually data protection laws out there which make it illegal to share publicly a lot of the information that would exonerate them completely (although many show very trustworthy responses unlike the opposite you try to portray). If they share the wrong information and their company exists in certain jurisdictions they could open themselves up to even greater legal liabilities and it is really down to the players themselves to take legal action if they think they have been wronged. Many are far too eager to jump on and back up new players who have holes throughout their story. Casinos also have the right to defend themselves by not exposing the methods they use to catch cheaters and as long as they are reasonably transparent in every other way that is a very fair stance to take.
1540  Economy / Economics / Re: If your passive income beats inflation rate, deposit might be a better choice. on: January 07, 2023, 02:16:05 PM

My previous post "Use your money wisely. Invest or deposit ?" is a very hot topic which receives over 3000 views and more than 240 replies. I read all of your replies and summarize to one common advice: invest in Bitcoin rather than deposit in banks. To be frank, I totally agree and believe this is a great option (of course not put all eggs in one basket). The question is that most people say that 3% of deposit interest rate is nothing compared to inflation rate so deposit would be the last option if they had that amount of money. Well, in real life, I think 3% is quite good enough for deposit only if your other passive income combined is more than your expenses. Please let me explain. Your passive income is $1000 per month, and your salary is $1500/month. Passive income comes from the rental of the house your parents gave you or left you. Salary is from your regular and stable job. Your monthly expenses come to $1000 to $1500. The annual interest from the $100,000 is $3000, which means $250 per month. The rental income plus the interst sums to $1250/month and this money can cover your monthly expenses. In this situation, why don't you deposit that amount of money and feel no worries about your finances ? See, your passive income here can pretty much offset the inflation but that 3% is actually a compound interest rate which brings you more money every year. Plus, your salary of $1500/month, can also be saved in your bank account to earn more money. You know my point here ? I am trying to implement this deposit thing in real situation and find a possibility to benefit from.

You get a lot of basics wrong in reality. Buy bitcoin, sure, but realize that you are speculating much more than investing and there are subtle differences. You don't really have a clue whether bitcoin will go up again or continue going down, there are a lot smarter people than us who lost (and made on the way up) lots more money than we could ever imagine - but they have the sense to know that what they were doing was essentially gambling. You open your message saying to "invest" in bitcoin, which brings absolutely zero passive return and then trail off into a story about banking deposits and rental income, there is no consistent thought going into your strategy at all.
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