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421  Economy / Economics / Re: Recession? How to face It? on: October 27, 2023, 05:19:11 PM
What is most needed during a recession is a stable cash flow. A person must be able to ensure that they have a stable cash flow that can meet their needs and to save/invest in shares or other investment instruments. Without a stable cash flow, it might be quite difficult for someone to survive this recession, because the prices of goods will tend to fluctuate and a person must be able to meet their primary needs first.
And then cutting spending on things that are not important is necessary and allocating the money to things that are more necessary or saving it.

Yes, it is important to face a recession to be able to stabilize our cash flow, because without this everything will fall apart. Maybe this is a good way to stabilize our cash so that we can manage our finances when an economic recession occurs. I learned this from my experience when the Covid virus occurred several years ago.

1. Increase emergency funds. It's best to start recording expenses and income.

2. Increase investment. If we haven't started investing, it's best to invest immediately, the easiest investment is gold because it's easy to disburse when there's a sudden need, and don't forget if you have extra money to invest in bitcoin.

3. Consider your career because the career we are focusing on must know, this could be long term or only temporary. For example, in a temporary career we can look for additional income.

4. If you currently have debt, it's a good idea to note down how much debt needs to be paid. Pay in installments. and live frugally and lastly, don't get into debt again.

5. Don't let expenses be greater than income. So that our income is greater, continue to increase creativity... Continue to learn new things, have additional income so that you can increase your income better, and still live frugally

Hopefully the finances we currently have remain stable.
422  Bitcoin / Bitcoin Discussion / Re: Bitcoin is a “safe haven asset” on: October 27, 2023, 05:00:59 PM
Bitcoin is the safest crypto assets in the market because it’s real decentralized and no one can manipulate the price but due to its volatile nature I’m not sure if Bitcoin can be categorized as safe haven.

Yeah, I'm not sure either. Safe haven aims to secure assets with minimal risk. The goal is to secure the value of his assets, not increase his wealth. In essence, the value of his past and present assets is the same or only slightly reduced. So I think gold is still the best choice to save assets from decreasing value. Correct me if I'm wrong

Bitcoin is indeed a safe haven for "now". The reason is because of the fact that the price of gold over the last 5 years has risen only around 60%, while Bitcoin in the last 5 years has risen around 350%, in the last 20 years the price of gold has risen around 431%, while Bitcoin in the last 10 years has risen around 22,250%, so you can concluded that Bitcoin is better than gold.

But remember, no system is 100% safe. Gold tends to be stable, because it is a clear, multifunctional asset, many people still use gold as a safe haven. Even though the decline will not be extreme like Bitcoin and vice versa. But don't just think about safe havens, you should also consider the risks.
423  Economy / Games and rounds / Re: Sherbet.com 🍭Weekly Bitcoin Price Prediction | Round#4 | Prize Pool $250 in BTC on: October 27, 2023, 02:25:54 PM
Sherbet username: puloweh555
Prediction: $36,873.41
424  Economy / Economics / Re: Things you should know about Money mindset on: October 26, 2023, 08:58:47 PM
You are entirely correct. The true wealth is good health. It's what I've always said. Is there any point if you're not healthy? If you're bedridden, money cannot purchase happiness for you. Wealthy people have enough of money, but it's not everything. And in terms of transferring it? What a great idea! However, and this is crucially important, it goes beyond the numbers. It all comes down to the drive, work ethic, and ideals.

Splitting it equally amongst your kids? Excellent! It's the most equitable approach to maintain peace and steer clear of any needless drama, if you will. Depending on how you use it, money may either be a blessing or a punishment. Thus, it is vital to handle! The key is making wise choices, regardless of whether you're sitting on a gold mine or barely getting by. Invest, diversify, and maintain a broad perspective at all times. Remember constantly that your health comes first, money comes second. That's the recipe for success!

Health is divided into two that is your mental health and your physical health, both of which are very important to support good productivity. If you fail to take care of one of them, then all the wealth you have will be useless. Currently there are many ways on Google that you can learn to maintain your health well, maintain your sleep patterns and eating patterns too, don't be because you are too busy with work or the business you are running, you forget all that, when you fall sick, you Just spend a lot of money that you have accumulated so far, don't take your health lightly.

When talking about mental health and physical health, of course this means more than money.

I've heard advice like this from rich people where I live. They would rather choose poor but healthy. It doesn't matter whether you are poor, what is important is that you have at least enough basic needs such as food and clothing for yourself. It doesn't have to be expensive food and luxurious clothes, it's better to meet your stomach's needs.

When it comes to housing, a small hut is better than a luxurious house like a palace. The important thing is to be able to enjoy the smallest and simplest happiness, no matter how meaningful it is with a healthy body. With a healthy body, you can carry out activities well, whatever your profession, regardless of status or caste.

Health is very expensive while money is only nominal.
425  Economy / Gambling discussion / Re: Question for those who loose too frequently in gambling on: October 26, 2023, 08:14:45 PM
I get why people keep betting even when they lose.  Each new bet feels exciting and hopeful, like maybe this one will be the big win.  It's kinda like chasing a high.  For other folks, it's just entertainment, even if they're not winning and  theres also the social part - some enjoy betting with friends and chatting about it.


What's so fun about betting, even if you are losing? Where is the entertainment there? Chasing losses is the worst thing that a gambler will do, and I don't think there is a gambler out there who is still entertained despite having suffered a lot of losses or facing numerous losses. I don't know if you know what you are saying. Maybe for you, you still enjoy that, but not for the other gamblers, because when you lose, there's no entertainment in it. That's why I don't disagree with your statement. Example: If you lose big, will that be okay with you? No, of course you are a person who loses money that you've earned. I don't discriminate against you; your understanding of gambling seems wrong. I know many readers here also disagree with you, and if you do what you are saying, please stop that. Losing in gambling is not fun; that's not entertainment.

I once won a big bet in gambling but not long after four days I experienced a big loss too. After that, I rested for a while to control my emotions, then I gambled again because for me it is important to control this first before continuing to gamble. Of course you gamble and hope to win, but self-control is also important.

If you have lost, then you deliberately force yourself to gamble again at the same time, which is very dangerous for your emotions and it is possible that losses will come your way again.

In essence, I have also experienced losses in gambling. But I try to stay calm, because if you force it again, you could fall into the category of gambling addiction. You can't control yourself which in the end you only increase your losses and can even end up getting into debt.
426  Economy / Gambling discussion / Re: UEFA Champions League 2023/24 Season on: October 25, 2023, 06:03:46 PM

I think the game between AC Milan and Paris Saint-Germain, is one game that will attract viewers attention more tonight.  I feel the match will be a hard nut to crack by PSG, as they've not too been in there best of forms recently, though they seem to be the favourite to win,  but it will be a tough one. AC has been on the shaky side too, I guess this combination will make the match a bit intriguing to watch.
Yes that's right. This is the most awaited match tonight, because this match will determine whether they can stay in the UCL league or whether they will fail to qualify for the next round. The two coaches certainly had to rack their brains in this match, it could be said that tonight apart from a war of player skill, this match was also a war of strategy between two great coaches.

This match is even more interesting, apart from the meeting of the Hernandez brothers, there is also a reunion of PSG goalkeeper, Gianluigi Donnarumma, with Milan. In the first match Donna managed to keep a clean sheet against Dortmund, but then conceded four goals against Newcastle. It will be interesting to see what kind of performance he will show against his former club later?
427  Bitcoin / Bitcoin Discussion / Re: Instagram Banned Bitcoin on: October 25, 2023, 05:31:02 PM
Indeed, this is surprising news for Instagram users to ban Bitcoin from their platform. The conversation about Bitcoin was hidden by Instagram until now Instagram has not provided an official statement on this matter.

But there are already several users who seem to be starting to be affected by this ban. Could it be because Libra and Diem's project failed, or because it was ordered by the SEC or the revenge of the Winkleos who got rich from Bitcoin. For me it's okay that the more bitcoin is banned the more popular it becomes.

But what is clear is that Instagram is a platform that does not support freedom of speech and only displays content according to the algorithm they want. This is very different from X (twitter) which emphasizes freedom of speech. The question is whether Facebook will also follow Instagram which banned bitcoin?
428  Economy / Trading Discussion / Re: Importance of emotion while trading on: October 25, 2023, 05:02:57 PM
This debate will never end about the impact of emotion on traders. This seems bad most of the time but you need to understand that we are human beings, and it is a natural thing to be emotional when something bad happens in our business or personal life. It's easier to make a money management strategy than control your emotions. Why do we focus on the hardest one most of the time!

Because managing emotions is very important in trading to achieve success, trading cannot be separated from emotions and this is normal as they say, we are only humans who cannot be separated from emotions. So for me it is important to debate about controlling emotions in trading so that our insight continues to grow and we can take many references.

Managing money properly if you can't control your emotions is also useless. The money will run out overnight due to emotions and ultimately regretting it. Eq (emotional quotient) plays an important role here, so don't let bad emotions dominate you.
429  Economy / Economics / Re: How do you manage your finances and family if your income is low range? on: October 25, 2023, 04:47:54 PM
I will just think straight ahead of adding an additional source of income for myself, and this will create in more opportunities for me to be able to meet up with the family and personal needs arising, we cannot say that we should take decision on cutting the expenses made each day because of low income since there are needs that cannot be cut short like daily expenses on feeding, house rent, school fees and many other needs.
You have chosen a very wise and correct path for yourself and also for the sake of your own family, because spending money for daily needs cannot be endured by anyone except for people who do not love their own bodies by continuing to endure hunger and thirst. Family livelihoods will be much easier when the head of the family has sufficient income, so that when you walk and think straight to continue earning additional income in order to avoid experiencing difficulties in your own family, you are truly wise in your way of thinking at this time.

Managing finances is really necessary, especially with a low income and only one income. You need to know that if your salary is your only source of income, then you are only one step away from poverty. So indeed all of us, especially those who are married, must have a long view and try to find additional work. This way we can make money, save money, and employ this money (investment) which is the most important thing.

In life it is very difficult to predict what will happen in the future and there are times when it is very difficult to manage finances because sometimes unexpected things can happen, so the easiest way is to just enjoy it and be grateful for what you have... if you have more money, save it.
430  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: October 24, 2023, 12:00:59 PM
Missing Harry Kane and still very active in top performance in league games is quite impressive for Spurs sitting #1 on EPL table. Tottenham won 2 nil against Fulham. The game was a little bit tense in the first 30 minutes because both sides mount pressure on each other. Marco Silva side reciprocate the same level of energy pulled by Postecoglou's men. Angelos Postecoglou have been awarded MOTM two times in a row. He's probably not relenting and keen on achieving the best results for Spurs. Yesterday's thrilled victory was expected and well deserved by the home team.

Totteham's victory and now they are in first place in the EPL league and they are even competitors in the EPL league this season. It could be said that Tottenham seems like a curse if there is Kane, if there is no Kane the curse is gone, and this has been proven.

Without Kane, Son's game became unstoppable as if he wanted to say he deserved to be the leader of the Tottenham team. One goal and one assist in the match against Fulham are proof that he is a dangerous player that Totteham currently has, because Son initiated both goals, completed the first goal and provided an assist on the second goal.

The plot twist is that Totteham will win the EPL without Kane. And Leverkusen will dominate the Bundesliga this season.
431  Other / Beginners & Help / Re: Need advice on getting merits on: October 24, 2023, 11:43:21 AM
Any advice would be greatly appreciated. Thanks for taking my time to read my post. Cheers!  Smiley

Most of the new members goal is to learn the secret to getting merits when they should be more focused on how they can contribute to the forum. Work on your knowledge sharing skills you will be appreciated by the forum members. It's like don't run behind money, improve your quality to the point where money runs behind you. The same thing applies to the merits now.
The secret behind merits in the forum is so inverse, you find out that those that aim for merits often don't get it whereas those that focus on gaining knowledge and making use of that knowledge gained to touch the lives of others by way of answering questions that weigh problematic to them and being meaningful in discussions engagement.


This is the mistake of many people, they make posts hoping for Merit even though this is not necessary. If they are truly consistent and continue to contribute to the discussion, Merit will come naturally. Again, there are already several threads where they can submit posts to get merit, but the point is that what you said is very true, keep gaining knowledge so that they can contribute to this forum. I believe Merit is not easy to get if you don't have more knowledge. Likewise, if you have extensive knowledge, it will be very easy to get merit by contributing to discussions.

Just want to say whatever the complaint, they have to have a lot of patience and gratitude is the key to continuing to develop in this forum. Because this forum is very rich in knowledge, continue to post consistently and maintain the existing rules.
432  Bitcoin / Bitcoin Discussion / Re: Bitcoin can change lives on: October 24, 2023, 10:51:45 AM
Definitely lives and behaviors have changed but this don't translate to real world for now especially with the poor people and when I mean poor people, I mean those that are living below the poverty line, long as there's people like that that can never access bitcoin, I can't really call it a true life changer because if bitocin can't reach those below the poverty line then what even is the point? Are we just dreaming to want the position of our oppressors? I definitely agree with you about helping newbies learn that there's negatives too on bitcoin but that's something that needs light touching so as not to scare them from engaging with bitcoin.

A person's life journey cannot be predicted, this is what I read from this forum, many have succeeded in making big profits from investing in Bitcoin, especially those who have known Bitcoin for the past 5 years. However, it's not too late to invest in Bitcoin as long as you really learn it and you will also get benefits that can change someone's life.

I myself come from a poor family. Even though currently Bitcoin has not changed my life as a whole, as long as I know Bitcoin I have felt quite a change in my life, especially in terms of finances. And it's true, bitcoin can attract all groups, both poor and rich, to get bitcoin because we can get the price using the DCA method. This is different from Real Estate, which requires a lot of capital. So I have no doubt that bitcoin has changed many people's lives 180 degrees.
433  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: October 23, 2023, 08:16:11 PM

For some people, it might not be a problem, but I don't believe Chelsea deserve that kind of coach. Chelsea really need a coach who will teach the team how to play a defensive game when they are winning. Every team plays defensive game when they are winning, but for me, Chelsea don't have that kind of performance. It will be good if Chelsea team start learning how to hold their home tight because if they continue to lose, it will be difficult for them to a big match this season.

I don't see Pochettino being too bad, he is starting to show a lot of changes especially against Arsenal. Even though Chelsea didn't get three points in this match, this is a process to become stronger. Poch has seen progress with Chelsea, you can see that Chelsea are better than before, I'm sure that at least in the middle of the season Chelsea will be strong.

Chelsea's problem was not only that they failed to maintain their lead but that they were too confident that they could win the match, in a big 90 minute match nothing is impossible. Maybe this is what Poch needs to change and learn from this match to be better in the next match.
434  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: October 23, 2023, 06:49:54 PM
Milan lost at home to Juventus and suffered their 2nd defeat in the league. Obviously things are getting complicated in Italy. It's hard to predict who will be champion and every team has the strength and form to beat anyone at any time. There's a fierce rivalry between the big teams and it's going to get even more intense in the coming weeks. At the moment Inter are in an advantageous position as leaders, but if they want to advance further in the Champions League, their performance in the league could suffer. Of course, this also applies to the other teams. The most comfortable team among these teams will be Juventus.
Yes, so far Juvetus are safer because they don't play much in European competitions, they only focus on Serie A completely. This is Juventus' advantage this season to be able to win the title in Serie A. Even though the league still has a long way to go, currently they are only two points behind Inter and one point behind Milan. The Serie will be even more interesting and competitive, it is very difficult to predict.

BTW, AC Milan's match against Juventus is very interesting. Locatelli scored a goal against AC Milan, I remember he once scored against Juventus but when he was still playing for AC Milan. Goalkeeper Mirante plays really well, and it reminds me that he is one of Juventus' students. However, in this match there was a bit of controversy, in my opinion, Thiaw's player deserved to be given a card, just a yellow card was enough. because it's still a long way from 1 vs 1 goal keeper, and it's on the right side, not in the middle, it's still far into the dangerous area and there's still the possibility of being intercepted by Tomori. The red card given by the referee was too excessive.
435  Economy / Games and rounds / Re: SINBAD.IO Mixer October Bitcoin Price Prediction Challenge on: October 20, 2023, 09:04:06 PM
Prediction 1: $30,806.18
bech32 address: bc1q9gd9rkm896ju5yzygvjsmy28p0mh5m9kuxdreg
436  Bitcoin / Bitcoin Discussion / Re: Give Bitcoin investment time on: October 19, 2023, 08:18:10 PM
Investment needs time to yield the profit. However there are some fundamental differences between crypto and non-crypto assets which should be carefully understood before buying any from the investors point of view.

All the activities we want to do require time to achieve success both in investing in bitcoin and real estate. This is an important mindset that must be put into your head before trading. Without patience, most of the decisions we make are wrong and ultimately end in losses.

Quote
Patience is something of a virtue here, you cant hope to make money from bitcoin just by buying a lot today. It will cycle through bear and bull and then you sell it to get the profit. Haste will lead to waste here and the altcoins shining out as methods to quickly get rich are horrible choices often taken by newbies and gullible people.

Patience is the main key in investing both short and long term in both Bitcoin and Altcoins. Of course, Bitcoin has been proven to be a long-term investment. This is proven if you look at the history of Bitcoin's journey from time to time. So if you invest in Bitcoin, the key is just patience, so you will get profits in the future.

In my opinion, altcoins are an uncertainty, you can only guess. It is true that there are those who make a profit very quickly, but there are also those who will end up losing very quickly too, except for the top 10 altcoin. But even then there is no guarantee and it will actually make us lose like Luna coin, that is the weakness of trading or investing from altcoins.
437  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: October 19, 2023, 07:36:26 PM
Manchester City - Brighton

This is the match I am most excited to watch this weekend. On paper it looks to be an easy victory for the cityzens. They are playing at home and have turned that into a mini fortress where they almost always win. Recent defeats to Arsenal and Wolves were away from home.
They have also lost 2 straight games and will not be looking to lose a third game in a row.

Statistics also favor City to win. They have won all except two of all meetings between both sides, losing one and only one being a draw.

- Jay -

Of course, this will be an interesting match this week, it could be said that this includes the big match between Man City and Brighton. Even though this match will be played at Man City's home ground, they should not underestimate a team like Brighton because we know that so far Brighton is the team that scores the most goals. This can be seen that Brighton has scored 21 goals in eight matches while Man City has scored 17 goals in eight matches.

In this match, Man City certainly had strong pressure against Brighton. They want to end the bad trend after losing 0-1 to Arsenal in the seventh week ago. This is a dangerous sign for Manchester City because their opponent is a scary dark horse.

Imo, Man City will win this match but they won't win easily even if they win with a small score.
438  Economy / Economics / Re: Will people ever get tired of trading bitcoin? on: October 19, 2023, 07:09:57 PM
And it all comes back to the knowledge we have and the experiences we have had and it is true that not everyone will survive in Crypto trading if they continuously experience losses and vice versa, someone will definitely not get bored trading Bitcoin if they make a profit.
We are not talking about people who want big profits in a short time, I think those are greedy people and greedy people will never be successful wherever they go.

In trading, there is indeed a lot to learn, but I realized one thing and that makes me not disappointed with whatever happens, namely the risk will be proportional to the possible profit.
If we already understand this then there is no need to be afraid of anything anymore.

If we already know the benefits we can get from trading or investing, it might be difficult to say we are bored, in fact I think it would be the opposite. I myself, when trading or investing, often look at charts or look for information, I don't get bored, I actually enjoy looking at them (it has become a hobby) in fact I can look at them for hours if I have free time. (while also studying)

If you consider trading as a passion, if you have a hobby and enjoy it from morning to evening you won't get bored, especially if you have to wait for the price to go up. Boredom will make it difficult for us to develop, so many of those who get bored quickly will not be successful. Yes, that's right, if we have mastered trading completely, the fear will disappear by itself.
439  Economy / Gambling discussion / Re: UEFA Champions League 2023/24 Season on: October 18, 2023, 08:11:37 PM
I was recounting Manchester United chances of qualifying from the group stage in this season's champions League and honestly the chances of Manchester United is very slim. I do not really understand what is wrong with Manchester United and what really happened to them. Honestly, Manchester United showed strength and commitment in the match against Bayern Munich much they didn't do their best in the match against Galatasary.

It is likely that Manchester United will go empty handed this season. This is because they will go to the Europa League and in the Europa League, there is Liverpool already there waiting to be the champions.
You are correct Manchester united has started this year's UEFA champions league very badly. Losing to Bayern Munich and Galatasaray, this was a group that should have ended with Bayern Munich and Manchester united qualifying but right now Galatasaray has a better chance than them although it's too early to judge, they now have to seriously face their upcoming games and hope they win all then they would have a great chance .

Many say Man United's chances of qualifying for the next stage are small, it is true that they may see this because Man United suffered two defeats to Bayern Munich and Galatasaray. However, you need to know that the defeat in these two matches was due to Man United's defense being very weak because several of their defensive players were injured. Not an excuse but it's really unfair, Man United's defense is so bad, Onana can't be everywhere at once. Yes, it's completely his fault, but overall he's pretty good, but even a good goalkeeper can't do much with a defense like this.

In the next match, Man United will definitely be aiming for their first win. Three winning points are very important for Man United, to maintain their hopes of qualifying for the knockout phase and of course increase the team's confidence. For me, no matter how bad a big team is, they can definitely come back. If they win, I'm sure Man United can still advance to the next round even though they started Group A badly.
440  Other / Beginners & Help / Re: What if the internet permanently shuts down on: October 18, 2023, 07:42:22 PM

I'll focus on finance, so I'm thinking what will happen to the bitcoin inside wallets, what will happen to every fiat currency in bank accounts, if everything erases as a result of internet total breakdown? Who do we hold responsible? I know that the internet technology is manmade, therefore it can not be hundred percent immune to faults and external attacks. And what if there is that less than one chance of it being faulty or compromised, what if that less than one  chance happens,? what will be the fate of the world that mainly depends on it to get things done? I'm no tech guru or a prophet of doom, but this are my thoughts and fears on the matter, although I sincerely hope that I'm very wrong on these thoughts.

I'd love to be enlightened better on why it can be impossible that the internet can never be permanently shutdown, having in mind the shortcomings that I've mentioned?

Currently the whole world is very dependent on internet needs. Starting from education, work and the internet-based economy, it is impossible if the world's internet has problems or is permanently down. Even if it happens as OP said, there's no need to worry, there will definitely be many people trying to revive the internet because the entire banking world also uses the internet.

There is no need to worry too much about bitcoin if the internet goes down because our assets will remain safe, just like our data when the smartphone battery runs out, when the battery is charged and turned on again. , the data is never lost, and neither are bitcoin assets.
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