Ethiopia became Africa’s latest defaulter after it failed to make an interest payment following the end of a grace period on Monday - Bloomberg reports. This says that tall building that kissing the sky and eye popping infrastructure don't make you rich. Anyways,
Cryptocurrency has become very popular in African continent. It is the third fastest-adopting continent in terms of cryptocurrency. Can cryptocurrency help Ithioia and Africa to get rid of poverty?
It seems to be a reoccurring story with many countries and it fundamentally comes back to the government, most with how corrupt they are. It takes many generations of good governance, along with strong institutions that continue working without interference from politicians and a judiciary that has limited interference, if you're going to start building the foundations of a stable country. Even then things can quickly become undermined if the wrong people get into power, so it is very delicate and requires constant vigilance to keep on track. Ethiopia and other Africa countries unfortunately are often the target of overseas powers that which to access the many resources in the region and the quickest way to get control of those is to focus on the real bases of power in the country - paying off politicians, who have little incentive and often want out of their country with the biggest payoffs possible. |
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I have seen several topics here and other discussion thread where many people talked about gambling addiction. So many procedures been stated to follow sequentially to reduce the rate at which one frequently visit online gambling sites and possibly their application if they do have any of them.
I remember in one of the threads I raised up a point which was long hidden as the thread became too numerous and lengthy to continue the conversation on that topic. It was my opinion to add up in profering solutions to gambling addiction. I believe not too many people saw it to to say something about it so that is why I had to bring it up as a topic hear. I want to hear your opinion and ideas towards it.
Here is it;
I am of the opinion that since gambling sites are mostly online and some has adds that pops up as advert on visited site, one should be able to disable or change their browser settings by blocking casino adds and as well disabling gambling sites on their browser settings so as not to gain access to it anymore till the number of days they deem fit to their resolve. This was just a little tip I gave as a possible solution. I had to put it up here for further discussions so that the bigger community can see it as well.
If you feel or think here is not the right place for this you can say it. I am open to corrections as we all are here to learn.
There needs to be a united front against gambling companies for any measure to find true success. You'll find that many countries in places like Europe have requirements that a company must offer a self exclude function, which is the most powerful thing a gambler can have in order to successfully quit. However it would ideally be applied across all sites and forms of gambling worldwide to be truly effective. At present it is simply too easy to hop around different sites and spend money, even if you did block yourself from one. Whether enough governments can pull together and put pressure on remaining countries to adopt such a worldwide self exclusion ability remains to be seen, but there does seem like bigger problems in the world that cannot be handled in such a manner already. |
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Yes If money doesn't existing without someone borrowing this then each person who i use credit or debt Will be rewarded by Banks.
My friend is full debt with mortgage but i told Him to not worry you are just victim of bank and financial system you are not only one.
I Understood allready that we Are all just victims of scam and that's ITS not If but when people will just say banks we don't need you If we don't get rewards.
Becouse when i stake crypto i get profit but banks don't give nothing so i see people wake up and fight against financial scam and Understood we Are just the victims of crimes i don't use Banks anymore and told my bank you gona share your profit with me or get Lost my face.
So i closed my bank and full crypto and Im happy so many people do the Same now becouse everybody Understood that money comes from the debt so more we take debt more money created so i should get rewards for taking debt then If not Im out of financial system not just me a lot more people becouse the system made us victims.
I told my friend tell bank that it's a scam and his victim of bank scheme so all his friends tell Same now to their Banks and flahing front of bankers binance atm debit card.
Now the Even bankers himself might Understood ship is sinking and fastest they get on crypto and btc the better changes to save themselfes becouse this system not working i told my friend before bank Takes his house burn it down or beat up so the bank Will get broken House.
That's how it is people now Understood If they been treated bad they fight back ....
It's unfair they made mortgage rates higher without notice first so we are victims and If anyone struggle financially they now Understood it's the system and we all victims ....Same goes with cars people now smashing it up cars before give to financial swimdlers
Banks are companies. Companies are setup to make money, not act as charities. Taking in savings and paying interest on those deposits is the reward that they offer. People who are borrowing money sometimes don't pay it back and there is an "opportunity" cost on that money as well, where banks could be putting it into different ventures. The rate that banks charge is not pure profit, sometimes it has to offset losses and any administration involved. They also have to pay all their staff out of those profits, besides that borrowers are free to shop around for the best rates but there is definitely a floor to what banks can offer. You have not come up with some miraculous brainwave, rather you don't understand how banks have been working for hundreds of years. |
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To those who considers making profits a priority in gambling, I have come to observe that it is much more frustrating when you looses your game at when the game was almost over and you were on the safer side (winning) and just a few minute or seconds before the game is over it ended up at your lost.
I come to understand that it is more worrisome when the sure winning opportunities was so huge and got lost lately closed to the end time of the game.
Of course you'll feel worse in this scenario, it's human nature - you're so close to having something and then it gets taken away. Mix in an element of your pride being hurt, as you made a wrong calculation and it is a recipe for frustration. The only time you get big rewards in gambling, more than doubling your money, will tend to mean that there is a large risk involved and the odds are against you. In those situations you have to accept that the bookmakers earn most of their money by using data analysis which led them to the conclusion that it's highly likely they'll profit from offering it. The best approach is to stay level with every bet and just know that you will inevitably lose, but if you're winning over 50% of the time you should be in profit. |
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So, we have seen a recent attempt by some of the BRICS nations to create their own currency to rival the US dollar in international trade. We know some countries that form part of this alliance, have been sanctioned and international transactions were blocked by SWIFT that are controlled by Western countries.
A lot of these countries started to use Crypto currencies like Bitcoin to bypass these restrictions, so it will be natural that less demand for Bitcoin would occur, once these countries created their own single currency.
What do you think will happen to Bitcoin, when these BRICS countries created their own digital currency? Will there be a significant drop in the demand for Bitcoin?
Do you think BRICS countries might opt to use Bitcoin for international trade or even as a replacement for the US Dollar? Will they simply exchange local currencies OR will they develop something new? ( Something that can be controlled by them?)
Let's discuss this...
People who talk about BRICS like they're anything similar to the Euro or United States are clueless. It's a basically random collection of countries that happened to be doing economically well around the 90's, in comparison to their weak previous growth. There is zero chance that countries like Russia, China and India are going to come together into a currency union because it doesn't make sense for any of them - the two biggest of those are fierce competitors with different ideology. Then there is countries like South Africa, which was going strong at the time but now is pretty insignificant in the scheme of the world economy. Besides that, they are all spread across the world, in comparison to existing bloc's which have trouble being right next door to each other. It's a pointless discussion. |
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Gambling whether you play it online or offline is a mental game there are a lot of mixed emotions going on while you play
Excited when you're winning, anxious when you're chasing your losses, ecstatic when you won a big amount but have anxiety about cashing out.
It's a roller coaster ride when we are playing in casinos whether online or offline that is why we always come back to gamble because we feel alive and we have mixed emotions.
But after finishing the game what's your overall feeling how did you overcome this feeling and how many hours or days did it last?
Be honest with yourself and vote on the poll on What's Your Feeling After You Finish Gambling?
Frankly my mood doesn't really change much at all when gambling or afterwards, although you do get a little happiness any time you get a win. I place relatively small sports bets and generally end up positive for the session, but because the amounts are so small it is never going to be a life changing win. The best part is just trying to take advantage when a bookmaker has priced odds so badly, but often that just relies on a gut feeling and taking quick action instead of any strategic plan. However, it's better to stay neutral all throughout because you're likely to make more rational and logical decisions that way, even entering a session which you identify as having no decent bets available and then leaving again. |
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It's not enough having an investment plan, knowing the right choice to make for every investment defines the investor better. Take for example jumping on every new coin we find on reputable exchange might not be enough guarantee that coin will do well in the future.
Some coin might have good Supply but low liquidity, some might have high market capitalisation but very poor volatility. Although it's hard to predict the accuracy of a coin performance in the near future this why it is always advised to stick to the known which is BTC.
Another option is to spread ones portfolio amongst different coins but ensuring the have a greater percentage in projects with a visible future. It is better to win small and lose less than lose more and win less
One of the biggest hurdles to get over in investing is just taking the dive and then committing to it. Depending on what type of investing you're interested in, it can take a long time before it even seems worthwhile and that can put a lot of people off. It took about a year of constantly adding funds before I started to see a decent return when taking the dividend approach and many people simply do not have the patience to keep it going. Another thing to avoid is watching the price too closely, as if you're checking on your investments every day you're more likely to stress yourself out and sell at the wrong time, you need to have a plan of action or you might as well start burning your money. |
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Over the time, I’ve seen several post, by users here who, claim that gambling is strictly for fun, even when one is making losses and I’ve paused to ask this question “Is there actually any fun in gambling especially when the losses are more than the winnings?”
Let’s be frank, there are several other things one can do for fun aside gambling and I understand that life it’s own is a risk but seeing claims that people see gambling as fun even when making losses is weird and I think it’s worth discussion as to know if truly people gamble strictly for fun without minding if they’re losing or winning
It depends on the company you are with and your state of mind, but also your personal financial situation. Going to the casino after a spending a night out with friends, as they are often the last places open in the morning, can be the way to wind down. If you are sensible and only put a small amount of money into it with low bets on the slots machines, then it can last you a while with occasional rewards. If you're still sober enough to have a go at roulette or even poker, then you can potentially stay near break even or take small losses while learning more about the game. It can be entertaining if a person or two in your group are up on the night, while the rest have to accept small losses, because not everyone always has to walk out as a loser. |
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Marry Christmas and happy new year.
It comes to me to share my knowledge with others, but I am sure some might know the steps in creating a budget, but it might be that they are not following it effectively. I hope if I share such knowledge, it will help a lot, especially in the season we are in now. I know that as we have already celebrated Christmas, we have spent much of our savings, which we are still going to spend more on when it comes to the New Year celebration, so I take this as a reason to share such information with others so others will not suffer, especially after all this celebration, so I will list and explain the steps in creating a budget.
The steps in the budget include
1. Determine your income: As the first step in creating a budget, you have to know your total income in terms of what you can afford. Do not write a budget that is more than your income and end up not achieving anything at the end because your income determines your budget, so let's take note of our income first. This income might include your weekly,monthly, or even yearly income, as well as side hustles and any other source of income.
2. Identify where your money is going: The second step in creating a budget is to track your expenses. This is also very important because, without knowing how you usually spend your money, you will end up writing a budget that you can’t even stick to. More over, expenses include housing, transportation, food, entertainment, gambling, and so on. When you have identified where your money is going, you can categorise it into groups. For instance, clothing, house rent fees, and others should all be in the category of housing. If that is done, you have definitely achieved your second step in creating a budget.
3. identify or set an achievable goal: This is the third step in creating a budget when you have identified your income, tracked your expenses, and categorised them. Why I say achievable goal is that you have to set a goal that you can achieve either long-term or short-term. For instance, you might save money in order to pay your debts, invest the money, or even pay for housing and any other expenses, such as buying valuable and usable items that won’t be a liability to you.
4. Start creating the budget or priorities for your expenses: This is the next step, for me. This is the step where you will start writing the budget. It is not that you won’t write those other steps I mentioned earlier; you will also write them, but this is the stage where you will allocate some amount of money to the categories that you have created at the second step, and you have to make sure that it aligns with your priorities. After allocating a certain amount of money to those categories, you should make sure that you keep some of it as emergency funds; it is also important.
5. Review the budget; in some cases, I mean monitoring, evaluation, or adjustment of the budget. This is like the final stage in creating a budget, although this stage is a continuous process because this stage never comes to an end unless you have purchased all that you have put in your budget to achieve this process, including regular adjustments as needed to accommodate and adjust your budget. This is done in case something comes up, such as the use of the emergency fund that you keep as a category for things like an increase in the price of what you intend to buy for medical expenses, which might be an emergency, and many others. In this step, you must track your budget very carefully and with caution to make sure you have achieved it.
The steps I have listed above are the ones I follow whenever I want to write a budget. You can change this step in many ways. For instance, a gambler can use it, but it will be more effective with the amount he needs for the gambling, and he should make sure he follows the track, so stick to the budget to avoid the source of unusual spending.
It's really critical that you use your actual bank statements, because so many small things can be overlooked when you're just working from memory and it's the small things that can really add up over time to undermine your budget. Being honest with yourself and cutting back is also critical - do you really need that gym membership that you've used twice in a whole year? Why are you keeping 3 different TV subscription plans running, when you probably only need one and could rotate them when necessary? It's also dangerous when you start on a small salary and grow it over time, as you can start getting lax with your outgoings or purchase unnecessary luxuries which could be beyond your means, recheck your budget often to see these changes. |
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Is it possible one can dodge KYC verification request after winning a big amount of money and decides not to withdraw a lump sum but bit by bit in smaller amounts. I have read many posts talking about how they wanted to withdraw the money they won but due to the amount they wanted to withdraw was big, they were asked pass kyc verification because they never did when they first registered.
You're trying to outsmart multi million dollar businesses and trust me, with a question like this, you're not smart enough. Every transaction and many other actions that you will take on a casino or bookmaker website will be recorded. They will likely have a certain threshold, say $500 dollars, that once reached will require you to supply KYC documentation. If you were just adverse to supplying this, then theoretically you could do some matched betting to try and siphon it out to another casino with protected bets, but you'll lose a small amount for each bet placed. The idea being you place an opposed bet at two bookmakers with very similar odds, and if you win at the other bookmaker - you've moved money out, if you lose you double up at the current bookmaker - but this could leave you in an even worse position based on the luck of the outcomes. |
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Without:
Charity, begging, illegal, stocks, trading.
It seems crazy and incredibly naive that you stick "stocks" in among all those others. There is nothing "dirty" about stocks, in fact they are the very bedrock of our society. They are small slices of company ownership, from the biggest companies that are supporting millions of people in every country. Do not conflate stocks with trading however, as that is a mistake that many people make - you can own stocks for many years or even your whole life time without any intention to sell, if you buy into a company that pays out it's profits in the form of dividends because they have no better way to use the excess cash. It took me a long time to realize the power of owning stocks, but it is also powering most peoples pensions worldwide. |
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Having problematic behaviors related to gambling, such as chasing profits, thinking you can best the house, that your luck will turn etc. has a lot to do with anxiety. In many countries there are readily available resources and public infrastructure though which people can seek and receive assistance for issues like addictions. But the sad truth is that many countries also lack the resources to provide such services to their local population. So it's important to emphasize that while resources for self help can be good, they can also do more harm than good in certain occasions, so it's good to remind everyone that if available, the best option is to always work with professionals. Now with that out of the way, I feel like it's important to recognize that anxiety contributed negatively to his one might approach gambling. First step with dealing with anxiety is to recognize it. https://www.mayoclinic.org/diseases-conditions/anxiety/symptoms-causes/syc-20350961The way to deal with related thoughts when they emerge is to have a mental response that is full of logical arguments each time these feelings come up. Think of why anxiety isn't a reasonable feeling, think of your schedule, why it's not worth to gamble again etc. These can depend on each person's circumstances. Personally I felt a lot better finding and reading a cognitive behavioral therapy book in my local library. I made prints of the most important pages and kept them with me for a while. Dealing with anxiety and keeping it managed can help with many aspects of life actually. Always best to combine written cognitive therapy resources with visits to s licensed professional if you can though. But even reading a CBT book alone can provide some helpful advice to dealing with anxiety. Now when it comes to realizing that you are affected by physical symptoms of stress, there are also some exercises for that. You can look up breathing techniques, and see if these help you. Even the simplest form of breathing in from the nose and exhaling deeply and slowly while sitting down can be very helpful for some. Feel free to share any tips if you have them.  One good thing about a gambling addiction, if you can call it "good", is that you are not chemically dependent like some drugs and alcohol which can literally kill you or make you seriously ill when you try to withdraw. Take that as a bonus, the one source of pain which is similar to those drug and alcohol addictions, is when you think about how much money you've potentially wasted on this form of entertainment - but you just have to let it go and think towards the future. At that point you really need to go cold turkey and cut it out entirely. People who think they can control it, when they've been deep under it's spell, by just doing it a little bit will inevitably fall back into the worst of it. Take it day by day and you will have to learn new habits, while recognizing triggers that might take you back down that path and actively avoiding them for the first few months. |
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Almost every gamblers notably those that make use of online Casino's for their gambling have the notion that except from a license owned casino they don't use any casino without a license, which I think is a cautious thing to do.
But have been wondering and wanting to ask, does a license guarantees that a casino won't scam it's customer's going forward.
It's definitely not a guarantee that a casino isn't a scam, however it makes it less likely. There's such a big variety of license offerings out there, you need to analyze each one and understand the positives that it brings. Some are simply a rubber stamp type operation, where you pay a fee (generally once a year) and you can call yourself "licensed". However that is the lowest rung and the most likely target of scammers, that are looking to abuse the supposed trust that a regulator is meant to bring. However there are better jurisdictions, that cost more to use but will be a little bit better at holding casinos to account (requiring them to answer complaints adequately) and do more vetting behind the scenes on people the company registers as representatives. |
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How do you strategically navigate hyperinflation to safeguard your financial well-being?
Would you invest on crypto, stocks or household when the cash is not the king?
The simple fact is the majority will suffer when hyper inflation starts to take over your economy, they will not have the means or even take action like getting their assets into a more reliable place that will not be damaged. If hyper inflation starts to infect your currency, after pushing up the price of goods and services, then the only solution if you have wealth is to move it out. Many governments will try to stop this exodus of wealth, as it can make the spiral worse, so you have to move early. At a certain point, unless the root causes are addressed and fixed, the population will end up in a subsistence style economy where they can barely survive - look at what happened in Zimbabwe for a textbook case on this topic. |
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Recently I was around a physical bet shop close to my area and I observed a man who was shabbily dressed walking in the gambling house. I got into the place to observe what his intentions were. He walked straight to the gaming attendant, placed his bets in a highly coordinated manner and quietly walked out of the physical gambling house. From the way he was well organized, you will never know that he was mentally unsound apart from his dirty clothes and unkept hair and beard.
When I inquired from the attendant, she said he was a regular customer and that he usually raised money for gambling through the manual jobs he does around the area. She also told me that he has never misbehaved and acted violently in the gambling house so she was comfortable with him.
My question now is are there any moral, ethical or legal obligation to bar a person from gambling after physically observing that he is mentally unstable?
Who are you to judge a person like that? Maybe he was just having a bad day, or maybe he does not care to keep his hair to your standards? People go around in all sorts of fashion these days, what happens if he was a handyman that had just finished his hard day at work and wanted to place a couple bets? You should not be so quick to make assumptions about peoples lives, I've come across a few millionaires that act very frugally and don't spend money on things like high end fashion, but they are still very intelligent people. The story that he gives the staff may also just be cover, he could be very well off and perfectly normal. Nothing you've mentioned is what I would class as a mentally unstable person, it could just be someone who never got taught personal hygiene properly or doesn't care to wear cleaner clothes that you might like. |
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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  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 is a lot harder to be a business owner and the reward is sometimes not worth the effort. You soon start to realize that so many "hidden" costs need to be factored in and covered by the price of your product or service before you can make a profit. Things like business insurance, postage fees, server hosting, stationary, covering the cost of your vehicle wear and tear, plus so much more. That you will probably not have to think about as the employee of a bigger company. You can reap a lot bigger rewards as the owner, but only if the market is big enough and you're able to scale to the right size before someone else tries to hop on your idea. Otherwise you can end up in a rather unprofitable or break even limbo which is the worst of both worlds. |
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For those persons who prefer gambling in local bet shops instead of gambling online. I know that most times some persons carry huge sums of money to come to gamble and I understand that if it was a local casino there would be securities. Now, in the local bet shop, why are there no securities? I know a local bet shop close to where I reside. There are no securities there and there are people who act strange and mentally unstable there. They could cause fights, noise, and cheat. So for other persons to feel safe betting there I think securities should be employed there.
It's going to change depending on the particular store, but the one that I know of nearby has a protective shield in front of the desk. It's not going to stop a violent armed robbery, but these places will operate like a bank anyway. There will be a safety deposit box that can accept money but it will only be emptied on a timer making it impractical to access. They will face occasional grief and hassle from people losing bets, but they're free to call the police and ban them from future entry. Nothing can protect them from a determined individual anyway, the same is true about casino robberies. These smaller shops also have much less budget to commit to security. |
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I played Roulette on a casino three days ago and it was obviously my first-time playing Roulette, I literally didn't understand my way out and I just knew I should select a number and click on spin. I did that obediently and time after time, I lost. I was really motivating myself with the next spin, and next and next, but all to no avail, I was lost in the ride until I drained my deposit for the day's gambling, that time It dawned on me that my Ignorance has contributed to my parallel losses for the day, I just logged out and ended that day's session disappointed.
Yesterday, I was discussing with my friend on my experience, and it was more obvious that my Ignorance played a major role in my bitter experience days before. It was after I was whipped badly that I went back and saw the demo option which I should've used to learn before I engaged. Also, I wish to advise all new gamblers to visit demo space in the casinos where you can learn before you start playing with real money cos I think it will help people master the games before engaging to have more fun, because not only did I lose money that day, but honestly, I didn't have any fun.
I would like to ask if some people here has experienced this too and what is the possibility that most people who experience repeated losses are Ignorant of the game play patterns.
It depends on what you want to get out of the experience really, because even if you do know the odds against you then it won't make a whole lot of difference. You can live in bliss without knowing the odds, or slightly narrow the odds but still be losing when you know the opportunities available. Take roulette for example, even if you're happy with just doubling your money by betting on black or red, zero (or double zero) comes up enough that it is profitable for the house anyway. You can still get plenty of entertainment out of it, because you need to accept the fact you will lose in a casino in the long run anyway. |
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Let's study the case of an average representative Gen Z and X. What is important or missing in the description (linked below)? What would you advise?
Similar arguments have been put forward generation after generation. They might have it especially rough though, but the reality is that it takes a long time and commitment to saving an acceptable deposit, along with a lot of sacrifice - that everyone who has bought a house has gone through. The government should take measures that prevent too many companies from sucking up properties that might otherwise be bought by individual homeowners, as they can act like vultures if not properly regulated. Besides that, the best thing these younger generations can do is get an education that will unlock decent salaries. |
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It was a pleasure to meet you and all the rest of the team, an honor to be able to join your Christmas party (Who books it for a Tuesday!?  ) You know I'm a man of few words, but you've always treated me very well. I hope we continue to work together for many years, you've become a good friend and you're a brilliant all round host. Had plenty of interesting conversations and there was some great gaming entertainment, even if I only made it half way through the tournament  Estonia is a gorgeous country and the capital city feels so unspoiled as a tourist destination, a very clean and picturesque city that I am always recommending to everyone. Thanks again |
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