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1341  Other / Beginners & Help / Re: Newbies: Stay away and avoid all bounties! on: November 06, 2022, 09:09:24 PM
I can't recall how and why I was involved in two bounty campaigns in the past. It wasn't a signature nor a social media campaign; I honestly don't remember, but if I am not mistaken, I was assisting them with something, and in exchange, I'd receive their tokens as a reward. The result? These tokens were never listed on an exchange and were practically of zero value. There goes my time. If I remember correctly, it was somewhere in 2017.

I guess my case sounds slightly worse, I guess, if you take into account that I couldn't even sell them? Sucks either way.
1342  Economy / Trading Discussion / Re: Friends and Family members want me to invest for them, help! on: November 06, 2022, 08:26:15 PM
If I were you, I'd show them how to do their own research or even refer them to the forum. Honestly, I wouldn't give out any kind of advice because chances are, if something doesn't go as expected, you'll be the first one they blame. I generally refrain from talking about cryptocurrencies and investments with my friends and acquaintances for this very reason. Most of them treat it as a way to earn money quickly, which it isn't. Provide them with a few tips and tools, depending on their capital and the results they are aiming for, and avoid interfering.

I had a few friends ask for advice on which coin to invest in, but I tried being as modest and general as possible. Fortunately, they weren't completely ignorant, and any choices they made were completely based on their own choices and research.
1343  Economy / Economics / Re: Can One Get Rich or At least Not go Broke During a Recession? on: November 06, 2022, 07:07:02 PM
Many of us didn't know what is recession. There are some who have an idea what is it but they didn't know that is coming. They can only assume that there is a recession once they feel the effects in real time. What warren and other famous personalities said is true and it has no difference when we are in the bear market, when the prices are falling and some people are panicking selling their stuffs.

It's said to be the best time to build wealth, that is because we can buy the assets at a cheap price. You got laid off at work and you think it's fine? But, maybe you have a hate with your boss or you hate the scope of your job but for the many, it was a big loss even if we say that it happens for a reason or because of the recession.
After experiencing Greece's financial crisis, with the worst one occurring in approximately 2010, I'm fairly certain that I can perfectly relate to the recession's consequences. From my point of view, this is merely the beginning; we're yet to dive into recession. Inflation is bound to rise even further. The FED's increase in interest rates has almost no effect on tackling the surging inflation.

The energy crisis had started to show since September 2021; the current situation hasn't been caused solely by the Ukrainian war. We Europeans made it a lot worse after applying these stupid sanctions against Russia.
1344  Economy / Economics / Re: Crude Oil drops below $100 on: November 06, 2022, 02:16:27 PM
We're a few days into November, and things aren't looking very pleasant. Crude oil has almost surpassed $100 per barrel again, sending gas prices to the moon once again. Natural gas (CNG) is also noting huge increases, which will be reflected in our next electricity bills for November and December. These uncertainties and the current market volatility are extremely tiring and stressful. Due to these massive increases in oil prices, inflation rates for the upcoming months will certainly worsen.

The price of a liter of unleaded petrol now costs €2.20 here.
1345  Economy / Economics / Re: House is a forced saving on: November 05, 2022, 11:51:05 PM
Real estate is a much more versatile investment. You can rent it, flip properties for profit, or live in it in order to avoid paying rent. I find paying rent a complete waste of money; you're spending a huge portion of your salary to live in someone else's house with almost no control over it. Since I moved out for university 6 years ago, I've spent more than €20.000 on rent. I could have taken a loan of €50–60.000 and bought a small apartment for myself. When it won't be needed anymore, I could either put it up for sale or rent it for passive monthly income.
1346  Economy / Exchanges / Re: Binance asking for KYC, again on: November 05, 2022, 10:10:50 PM
Okay, here's the update I promised. I'm now successfully verified after trying twice. The first time, my proof of address from Revolut was rejected. Binance was asking for either a bank statement, a utility bill, or a few other options. I resubmitted the proof of address using a bank statement from a Greek bank, and my application was accepted.

My best guess is that under the EU's anti-laundering laws, my Revolut proof of address wasn't an acceptable option anymore, and Stompix was right to point this out.
1347  Economy / Economics / Re: Will you further your degree from school, or learn a new skill after college? on: November 05, 2022, 05:06:15 PM
This will depend on your goal and dreams in life, many still push to learn more and that’s good for them while the others are already contented and don’t want to spend another years in school, they tend to try something new and many succeed on this as well.
Agree. Further education is the right choice if you want to get a job that requires more education. For example, once you want to be a lecturer, it mostly requires a master's degree. So, it is not enough if you only pass a bachelor's degree, you must continue further education. But if you feel bored educating at university and eager to get a direct job after finishing a bachelor's degree, it is better to learn some skills that can ease you to finding a job. So, both are the right options, depending on the ambition/goal.
Depending on your country of residence, a bachelor's degree isn't enough. I don't know the situation in the USA for instance, but here chances are that a bachelor's degree is likely to provide you with a slightly above minimum wage job in your field. Education has no limit, technology is rapidly evolving, and we need to constantly be on the move. I'm now finishing a master's in digital transformation, but I'm also planning on completing a data analyst course.

What I realize in life is that, you can a learn a lot of things outside the school so better to explore it more and have a determination to succeed, many billionaires today didn’t even finish their college so I guess this is not all about your school education, but more on experiences.
Don't get inspired by success stories, because there are thousand others that have failed following that path.
1348  Bitcoin / Bitcoin Discussion / Re: Why i believe in bitcoin!! An amateur's outlook. on: November 04, 2022, 11:59:07 PM
I first learned about Bitcoin in 2013-14. I was a clueless teenager back then, with no access to exchanges or a way to acquire Bitcoin. Admittedly, I was on the scene relatively early, seeing that it was worth as little as $200. Honestly, I've seen Bitcoin plummet and recover numerous times, and especially after the large market crash in late 2017, I'm more confident than ever. As long as you're patient enough, you'll have a good chance of making a successful investment. Also, don't compare Bitcoin with fiat currencies, it's no use. While they're both currencies, they share very little similarities. It'd be more sensible to compare it with gold rather than EUR or USD.

Welcome to the Bitcoin world. I wish you the best.
1349  Bitcoin / Bitcoin Discussion / Re: BITCOIN VS LANDED PROPERTY on: November 04, 2022, 11:06:34 PM
As other posters have already suggested, comparing two completely different investment choices like Bitcoin and real estate is of no use. Both have advantages and disadvantages. Bitcoin cannot provide you with a passive income; its volatility is what can make it worth a fortune in the future, but it's unable to provide you with a steady cash flow.

Honestly, I believe that real estate is one of the best investments someone can make. There are quite a few alternative options with properties too. You can flip them for profit, rent them out and enjoy having a steady passive income, put them up on Airbnb if you're in a touristy area, or a combination of all these.

Both are great investments; however, it's no use comparing them. Bitcoin serves another purpose, and real estate serves another. Owning both would be the best of both worlds.
1350  Economy / Speculation / Re: The pump isn't coming sooner on: November 04, 2022, 09:41:41 PM
Why, how soon were you expecting it? Honestly, I wasn't anticipating any kind of major improvement in the market before 2024. Look around you: the economy is collapsing, the war is still raging, and it will kneel Europe before Russia does. How can someone expect assets or Bitcoin to boom during this economic recession? Let me also remind you that after Bitcoin crashed somewhere towards the end of 2017, it took more than 3 years to recover. In 2021, despite Covid-19, the economic situation wasn't that awful, nor was there a war in Europe or sanctions in place.
1351  Economy / Economics / Re: Do you like commission job or salary base job? on: November 03, 2022, 11:15:47 PM
~Snipped~
You certainly need to be a charismatic and outgoing person in the sales industry. I don't classify as such, and I'd have a hard time surviving in such an environment. On the other hand, I have thought that car sales would suit me because I'm a huge fan of automobiles. However, salesmen are often forced to trick customers into thinking they're getting a great deal by selling them a defective or problematic vehicle, which I find completely unethical and a scam practice. I could never do that; selling something knowing that it has issues is a no-go for me.
1352  Other / Politics & Society / Re: Your motive for giving on: November 03, 2022, 08:16:04 PM
I've noticed a pattern of giving in order to receive something in return with the majority of my former friends and acquaintances. This, however, usually switches to always making requests in the near future, since I find giving in order to receive something in return a malicious way of thinking. I always help and give selflessly without asking for anything in return. If I respect someone and I truly count you as my friend, I'll do my best to assist them. However, at some point they are simply taking advantage of you, which is something I don't tolerate. Unfortunately, I've noticed that it's too common for people to use others for their own advantage; it's very saddening, especially if you take into account that I'll do my best to assist someone however I can.
1353  Economy / Economics / Re: Will you further your degree from school, or learn a new skill after college? on: November 03, 2022, 05:54:26 PM
We're living in a fast-paced society, and those lacking the necessary skills or failing to adapt to this new reality will fall behind in the job market or have trouble advancing their careers. Honestly, there's no direct way to answer the OP's question. It solely depends on the person. Personally, I've recently graduated from university with an economics degree, and now I'm participating in a master's in digital transformation. I want to constantly acquire new skills and knowledge whenever possible in order to further advance my career. In order to broaden your horizons, you may have to learn skills that aren't necessarily related to your college or university degree, such as website development, for instance.

Acquiring solely one skill after school, such as coding, may work for some, but it's generally a good idea to diversify, something that does happen in university, where they teach you a little bit of everything and you can choose where you want to specialize in the future.
1354  Economy / Exchanges / Re: Binance asking for KYC, again on: November 02, 2022, 11:48:00 PM
Unfortunately, I can't recall why they asked me to reverify the past time, which was about a year ago or so. Could it have something to do with my proof of address being from Revolut?

Did they accept proof of address from a company that is not based in your country of residence?
Sounds weird to me, bank statements are not accepted here anymore unless the bank bach that has issued your end of the month statement is from the same area as your address on the id. It might be slip-up from Binance or it's the usual, do the papers, not look too closely at them, and have an excuse that you did something.

But the twice a year verification might make a few guys nervous, if they start with the selfie thing it's going to turn into a pain in the ass for those using a fake identity from a foreign country. We had a topic about a casino requesting this,  now imagine you have to pay a guy twice a year to verify your account

Yes, as surprising as it may sound, I had no issues with Revolut's proof of address on Binance. Unfortunately, I don't see that option on the app anymore; it seems that they removed it for some reason, which is strange since Revolut is now a bank institution. I'm hoping that they'll accept Greek documents because, if I am not mistaken, banks here only generate those in Greek.

Apparently, I have to go through the entire process again from scratch. Not only do I have to upload my ID and any other requested document but also to hold my ID against the camera.

I'll see if I can request a proof of address document from one of my local banks and attempt to verify again tomorrow. I'll update you if it doesn't work out.
1355  Economy / Economics / Re: Do you like commission job or salary base job? on: November 01, 2022, 11:39:27 PM
You're mentioning the negatives of commission-type jobs twice. The last paragraph's title should be regarding salary-based drawbacks.

Back to the subject now, I haven't tried a commission-based job yet. It sounds too intimidating and quite stressful if you ask me. No sales, no revenue. This way, you don't have a guaranteed flow of income by the end of the month. On the other hand, these types of jobs may go well beyond if you're an out-of-the-box person and may achieve a greater income than the normal salary-based job.

I'd be willing to try it at some point, but in a sector I'm an expert in and interested in.
1356  Economy / Exchanges / Re: Binance asking for KYC, again on: November 01, 2022, 07:08:21 PM
I take that you're from Greece op, if so, this could be because of the latest EU AML directive, see these recent posts about users being requested to reverify:

https://www.reddit.com/r/binance/comments/yheikl/complete_new_identity_verification_without/
https://www.reddit.com/r/binance/comments/yi4tw8/what_does_the_new_identify_verification_by/
https://www.reddit.com/r/binance/comments/yj5uve/is_providing_proof_of_address_now_mandatory_for_a/

I do wonder if your past attempts also mention "new identity verification process"?
That's what Binance is also mentioning. However, the majority of Redditors on the threads you mentioned claim they have never provided proof of address. That's what I understood, at least. I had provided that since day one of my registration, which is the main reason I found it odd. One suspicion is that they simply want to make sure it's valid. Who knows?

Unfortunately, I can't recall why they asked me to reverify the past time, which was about a year ago or so. Could it have something to do with my proof of address being from Revolut?
1357  Economy / Exchanges / Re: Binance asking for KYC, again on: October 31, 2022, 10:00:37 PM
If possible, I would like to know precisely the reason for Binance asking for KYC again. did you contact their support and ask them?
at some point, the document with which I validated my KYC expired, and they only asked me to upload a new valid document. nothing controversial, I could even use the complete service regardless.

I don't know the value of your asset, but it's probably time for you to think about a hardware wallet. (upcoming holidays always bring some discounts, maybe you can catch one of them). look at it as a long-term investment, because I'm assuming you don't plan to get out of cryptocurrencies anytime soon.
No, I did not contact Binance, but even if I do, I believe that I'll get the usual scripted response from their support. Thus, I think it'd be a complete waste of time. The money deposited on Binance is a couple of thousands, not a huge amount, less than $5,000, without my Bitcoin, which is sitting in my Electrum wallet. I haven't understood how hardware wallets work, though. I want to actively use this money to stake on platforms such as Beefy. How exactly can I do that?

I'm sorry if my question sounds stupid, but I'm literally clueless.

~Snipped~
My ID isn't that old, and your friend's ID probably didn't even have Latin characters on it, but it's definitely an issue. I can confirm what your friend has gone through. I got weird looks when I tried to check into my hotel in Poland, and N26 bank wouldn't accept my ID to open an account there. These laminated paper IDs were to be changed years ago, but we're way too corrupt here, and they never got replaced.

Binance certainly doesn't offer a great APY, I can achieve a greater one by staking on my own, but it was a choice made in desperation when UST crashed, and I didn't have the time nor the energy to bother again.
~Snipped~
That's true, they want to make money and at the same time comply with the EU's regulations. While they can "guarantee" you that nothing awful is going to happen, you can never be 100% certain that it won't. As for Greece's IDs, it's a complicated story, filled with corruption and useless politicians.
1358  Other / Politics & Society / Re: Do you have anyone you trust? on: October 30, 2022, 07:29:59 PM
The truth is that, ultimately, you cannot trust anyone. I was always quite an introverted person who hardly opened up to others. After having my trust broken quite a few times, with a few of those being extremely major offenses causing undescribable issues in my personal life, I find it extremely difficult to wholeheartedly trust someone again. Generally, I tend to be picky about the people I have in my life. I don't simply want to hang out with someone just for the sake of having someone to have a beer with, but to be able to express your opinions and feelings, to have someone understand you and have a proper conversation with. Trust me, I've had trouble finding the right people at my age (24).

I'm currently living with my girlfriend, and I think I can trust her enough, and also hang out with a colleague who's one of the best friendships I've had so far, and he's quite older than me (37). It's sickening that all these articles you quoted are murders for the sake of acquiring money. Money should be a tool for a better and healthier life, not the ultimate goal. Unfortunately, such examples are a daily phenomenon.
1359  Bitcoin / Bitcoin Discussion / Re: 8 Years ago today, $500,000 worth of bitcoin was distributed to MIT students. on: October 30, 2022, 02:49:25 PM
What startled me is that no one has already mentioned the extremely poor "conversion rates" of this experiment. From what I understood, according to the article, another experiment was conducted two years later in order to see how many students who took part in the bitcoin give away were still using bitcoin. Unfortunately, only 14% claimed to actively use Bitcoin. Isn't that a tiny percentage for students studying in such an advanced technological institute?

You obviously didn't read all the posts (and there aren't many of them), so you would have seen that I mentioned exactly that part that talks about 14% active after 2 years. But what did you expect in the period 2014-2016 when Bitcoin was still quite uninteresting for the majority? Students do not necessarily have to be people who can be expected to have a high level of understanding of some new technologies such as Bitcoin...
Corrected it, I suspect that my grammar corrector (Quillbot) opted it out in the process of simplifying the sentence without noticing. Apart from your reply, I didn't notice anyone else claiming it. Anyway, the truth is that you're right, 2014-2016 was a pretty uninteresting era for Bitcoin, and it's quite ironic because I signed up here in 2014, but I was nowhere to be seen in less than a year. Thus, it's hypocritical for me to call these students out, because I myself have lost interest in Bitcoin. I wasn't given a free airdrop, though, but chances are that I'd do the same.
1360  Bitcoin / Bitcoin Discussion / Re: 8 Years ago today, $500,000 worth of bitcoin was distributed to MIT students. on: October 30, 2022, 02:06:59 PM
What startled me is that (almost) no one has already mentioned the extremely poor "conversion rates" of this experiment. From what I understood, according to the article, another experiment was conducted two years later in order to see how many students who took part in the bitcoin give away were still using bitcoin. Unfortunately, only 14% claimed to actively use Bitcoin. Isn't that a tiny percentage for students studying in such an advanced technological institute?

Thus, it's pretty safe to conclude that giving away free money isn't the key to Bitcoin's mass adoption. Most will simply convert it to fiat and cash out the money, which is quite a common option according to the article, as students claimed that it was "free money" and not an alternative way of holding value and conducting transactions.
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