The world economic challenge is getting worse as the day counts, and I'm still thinking if their were to be no bitcoin how would people cope with all the challenges in this modern world. Bitcoin has really come through for people of this days in different way and in different countries.
In some countries where they have serious unemployment challenges many people have engaged in bitcoin to invest and into other aspects of bitcoin, just imagine if their were no bitcoin how will the common man invest the little he or she has. If there were no bitcoin I know their are investment people can go for but it will be something that the rich and middle class can afford to invest. In bitcoin the rich, poor and middle class can go into it, this is to say bitcoin is for every body.
With the recent challenge in Nigeria where the resigni of their currency has caused scarcity of flow of cash which is really affecting the citizens, I know bitcoin will also make a good contribution in this case because lots of young people in the country are engage to bitcoin.
In different occasions of economic crisis in the world bitcoin has always been there to play a good role. Thanks to bitcoin for it existence in this difficult time of life.
You are right. Bitcoin has been a game changer for many. It's accessible to everyone, regardless of their economic status. People can invest, earn passive income, and even find jobs in the crypto space. Plus, it also makes sending money from one point to another point cheap, easy and super fast. People from countries that has weak currency value and is suffering from inflation can invest in bitcoin to battle against the inflation. But yeah, people should keep in mind about the risks involved with investing in bitcoin or other crypto currencies. Stable coins might be a better option for those that aren't willing to risk, but they should also keep in mind that those stable coins might crash too! |
|
|
|
|
It is true that AI is going to transform the job market. Some jobs are going to be displaced because of AI, but then new opportunities are also going to rise. Maybe more than before. I find it weird how people are upset about the changes, or how people "hate" that AI is going to automate tasks for us or do jobs that humans used to do, but hey... we are progressing and we should adapt with the changes and the technologies. Instead of hating them, we should be learning and adapting to these changes.
|
|
|
|
Good day guys; I said let me know if the forum have a board where students are being support in education by giving them student loan To help them in education, so many members here I believe are students in various higher institutions so many of them fine it difficult to pay school fee's or pay rented apartment,buy textbooks and hand outs or even feed very well or access to student loan boad,please I want to know if there is any room for students in this forum in universities to access student Ioan, i said let me drop it here because I have not seeing education board.
Like others said there is no specific board in this forum where student loans are given (and this forum isn't a financial institution. Users voluntarily give out the loans). You can head over to the lending section, but I doubt anyone would be willing to finance your studies. And then, you are a newbie, so the chances are even more low. If you had strong collaterals, then maybe yes, someone might be willing to lend you something. But you are better off taking private loans from banks or ask for financial aid from your university. |
|
|
|
I don't understand why things are so unspeakably hard to people. I couldn't hard a good feelings for some days after thinking of what must have trans-led this suffering of financial hardship in societies. Money is rare this days, am going through a lot but I just hope things well and better soon. Is not really funny here.
My children are at home chase from school, I could not pay fees again. What could be the cause of scarcity of cash?
Sorry to hear you are going through such hardship. There might be several reasons why things are getting harder and harder everyday. Probably the country you are living in is going through economic downturns. And I doubt there is scarcity of cash in your country, but in fact your country is suffering from hyper inflation, so with the cash you have now, is worth less than it was before, and hence you having difficulties buying your daily necessities. But remember, financial hardships that you are going through is temporary and finding solutions to improve your situation may take time. Have you consider looking into government financial assistance? If you can genuinely proof that you are suffering, but trying to improve, I am sure there are some organizations that will be willing to help you. |
|
|
|
|
Yeah, investing in Bitcoin might offer a chance to grow one's wealth over time due to its potential for price appreciation in the long run. And like you said, if someone keeps buying small amounts of Bitcoin consistently (even a little every week), they could eventually see their investment grow after few years. The $10 that they invested today, might become $50 if he keeps on holding it. But one shouldn't forget that investing in any crypto currencies, including Bitcoin, comes with risks. The price can never be predicted. The $10 you invest today, might also become $1 after few years (very highly unlikely though). So one should do their own research before investing in any crypto currencies.
|
|
|
|
|
As soon as you see coins with very high staking rewards and APY, it screams scam. It is sad that people still fall for those coins that give high APY. You guys should know that high APY often means high inflation since more coins are being created as rewards and in the long run this could lead to a decrease in value as supply goes up and but the trade volume remains the same (which will always be low for shit coins). Short term, it might be good, long term nope. And also if you see all previous rugpulls and scams, you will see that most of them offered high APY to lure people.
|
|
|
|
With how much CBDC's are being developed for use as a legal tender, do you think there is a future for gambling with CBDC's? Last year (2022), Macau which is popularly known as the gambling capital of the world due to it's booming casino business were planning to give CBDC's the status other accepted Legal tenders had. It raised the question of it this will prompt casino's in the city to begin accepting CBDC's for gambling? The government in Macau did not say when; The government has not established a deadline for when or which digital currencies will be accepted
But it is something to expect. If Casino's in Macau begin accepting CBDC's, It may prompt other casino's to follow suit especially in places where CBDC's already have the Legal Tender status. Gambling Capital of the World Macau to accept CBDC as Legal tenderIf CBDC becomes a thing, then yeah, highly likely it will play an important role in the gambling industries in the future. Like you have mentioned in your post, Macau's move to consider CBDCs as legal tender could be a significant step in that direction since Macau is a major gambling hub and other casinos from different countries will likely follow them after observing how the casinos on that country is performing. CBDCs might be faster and cheaper, but if people are concerned about privacy, highly like people will avoid it. But then again, most casinos now requires KYC, and people still plays on those casinos, so privacy won't be an issue for majority of the people. |
|
|
|
Thinking about how trading strategies need to always be changed and how one strategy may not work for a long time, what do you do with the strategy that you are about to change. do you just forget about it completely once a new strategy starts working for you? or do you keep it in remembrance for the future. If you have experienced this before; has any old trading strategy that you decided to apply work for you? Is it possible that old strategies may work in the future again?
When it comes to crypto currencies, the market is always evolving, so should your trading strategies. If one of your strategies works today, after few weeks or months, chances are that it might not work anymore. You will need to come up with new strategies that will work with the current market situations. But yeah, you should also not toss away your old strategies. They might work again in the future if the market condition goes back to the previous state and you can also analyze the old trading strategies to learn something new! |
|
|
|
I was recently browsing the internet on a topic as to why cryptocurrency gambling games are so addictive. This topic is not only about online crypto gambling please do remember this before replying. While going through multiple websites for my topic I found out that the online gambling industry has been growing rapidly. The growth has been significant as in 2021 the global online gambling industry size was recorded at $61.5 Billion, whereas it went up to $79.8 Billion in 2022. The rise as per my understanding is significant. While going through different websites I stumbled upon many websites which were about the top most played games in online casinos in 2021-2022. I have listed down the top 4 most played games below but my question is which one of these do you consider to be a game of skill or a game of chance? - Slots
- Balckjack
- Baccarat
- Poker
I think Slots is a game of chance and Poker is a game of skills. Do you agree? To be honest, all the gambling games are game of chance. Yeah, some do depend on your skill, but in the end, you luck plays the greatest role when gambling. Slots compeletely depends on luck, you just spin and wait for the outcome. So you Slots has 0 skills involved. Blackjack does require a little skill, like when you split or surrender or stand, but in the end, the next card always decides the out come. So if you are lucky, you win, or else you lose. Same goes for poker. You do need some skill to play poker, but if luck isn't by your side, you might lose your straight flush hand to a royal flush hand. |
|
|
|
Hey guys,
so I have been buying BTC (and admittedly ETH) since October/November 2020. I have been sticking to that strategy and
even put larger amounts when there was a steep decline in a short period of time, everything on my cold wallet, nothing left on exchanges.
With prices starting to slowly rise again (not sure if I really like that, always have the feeling to never have enough), what would you think
is enough to retire in 2032? I know that nobody can tell that with certainity, but would love to hear your estimates:
I think 10 BTC and 100 ETH would set you up for good, so once that is reached, I would stop accumulating, what is your plan?
Depends on where you live and where you are willing to live. Yeah, 10 BTC and 100 ETH at current price is actually good enough and you will be able to retire in some countries like situated in South America. You can own a house and a car, and lead a decent life. This is based on current price. If the price in next 10 years goes up more, you can literally own a mansions and lead a luxurious life in those countries. So yeah, you are doing the right thing saving bitcoins now. But like you said, no one can exactly predict what the price is going to be in next 10 years. Chances are that the price is going to be higher, but there is also a chance that the price will be much lower than it is today. |
|
|
|
|
I doubt it is going to be anytime soon. Even thought bitcoin and other crypto currencies are getting popular, people still depend on fiat currencies. Right now most people use crypto currencies to hold and make profit. They sell it for fiat currency. As long as people will keep on doing this, we won't be seeing bitcoin going mainstream. Again, crypto currencies right now are extremely volatile. I doubt anyone would want to use a volatile currency for making day to day transaction. If everyone is on board, and if everyone starts to prefer crypto currencies, we might see them replacing the traditional fiat currency one day soon.
|
|
|
|
|
No, Bitcoin can't end any poverty. In fact, people suffering from poverty shouldn't be investing in bitcoin. The golden rule of investing in bitcoin and other crypto currencies is to invest what you can afford to lose. Do you think poor people that can't meet their basic needs should be investing in bitcoin? Nope. It will end up harming them more. Bitcoin can sky rocket in few minutes, and it can also fall down in few second and keep falling for a year or two. Things would only get worse for them. They will have to sell their coins at a loss to pay their bills. Bitcoin can't remove poverty from a nation, but yeah, it can help to develop the economy indirectly.
|
|
|
|
|
That's not a bad idea to be honest. You could invest $10 every week, and that would be around $40 every month. After 18 years, you will be investing a total of $10,000. Bitcoin and other crypto currencies in the long run will always go up. So in 18 years, who knows, you might be leaving a fortune for your kid. And yeah, he will be proud of you. But keep in mind that you should only invest what you can afford to lose. And make sure you store your Bitcoin safely and securely. Don't forget to make backups of your wallet in case you lose it!
|
|
|
|
I want to know if it right for children that are of 10-15years go in to trade or not because I have a kid friend of about 14years and very eager to learn trading but am scared of the lost and how long it will take him to understand what his doing, because it hasn't been very easy for me. So what your opinion please I need help? because I think is too risky for them to go in to trade for now.
Sure it's not a bad thing to teach them how to trade. Giving financial literacy from the very young age is actually important and a smart thing to do, but you shouldn't jump right into trading. Better to start with the basics and let them learn about financial managements and the risks associated with it. Instead of trading with read money, maybe let them use demo accounts where they can simulate real market trades and become more comfortable and get to learn about trading without risking anything. |
|
|
|
Some will call this a stupid question 😅 but yea, it's just something that came to my mind today after giving a lot of thoughts about Bitcoin.
Is possible to open a personal savings account in the bank and always send money to that account and when you are ready to collect the money, bank will give it to you, my question is, is it possible to also creat a Bitcoin wallet and always send Bitcoin to it as a savings? if you do that for some year without going back to the wallet, will anything happen to your Bitcoin or the wallet?
Why would you need banks or third party institutions to hold your money? It defeats the whole point of using bitcoin and crypto currencies. When third parties are involved, the decentralization is lost. You longer own the money when you hold your coin in those financial institutions. Your wallet is your own bank and you own the coins that you keep in your wallet and have access to it at any time. What you can do is create two wallets, use one for daily transactions, and use the other to save your bitcoins. You won't generate any interest, but if you hold for long term, you will be making some nice profit. |
|
|
|
|
How is a lost bet not counted as a wasted bet? You lost your money, it means you wasted your money and you have to accept this. Don't make excuses for your losses, or you will end up gambling more and more. Every bet you lose, you should realize that you lost your money and if you keep on betting you might lose more. I mean never make any excuses to justify your losses.
And this isn't the correct gambling board to post bet predictions. Post on the Gambling discussion child board.
|
|
|
|
|
You mean using AI to beat the casino house? It won't happen. All the bet results are randomly generated and an AI can't predict what the next bet will be. In the long run, you will lose to the casino due to house edge. For sports betting, maybe yes, the AI can help you analyze teams and give you strategies to place the bets, but still it can't guarantee you a win. If something like this would happen, everyone would start using AI to place bets and make all casinos go bankrupt. Eventually there would be no more casinos in the business.
|
|
|
|
right now I see the price of bitcoin on an exchange which is 21750, and has decreased by approximately 6% and I want to ask everyone,
is it possible that bitcoin will return to the price of 19000? or after this decline bitcoin will go back up higher ,,,?
and also I want to know what caused the bitcoin price to drop drastically?
You are asking questions that no one can answer. But yes, it is possible for the price to go down to $19,000 USD. It is also possible for the price to go lower than that. And it is equally possible for the price to go above the price currently is. The market is very unpredictable and volatile. No one was ever able to 100% accurately predict the market. So don't make any investment based on these predictions. As long as you are able to invest money that you can afford to lose, then go ahead, or else you are better off investing in something that is less riskier and volatile. |
|
|
|
Hi! A few days ago, we were contacted by a platform helping people with gambling problems. It's an online international platform with courses, self-assessment tests, videos, and a big community of ex gamblers. I know there are people here that gamble too much, it's easily done. If you have problems, contact them. All their services are free to use. I thought it was a good resource to share here. You find the platform here: https://quitgamble.com. May the force be with you! /A What makes you think that there are many people here that "gambles too much"? And are the courses for people to stop gambling? I doubt anyone would want to do those "course". As for the self assessment tests, how accurate are those? Shouldn't those assessment tests and help be offered by certified professionals? There are risk of causing more harm if the people there don't know what they are doing. And the site seems to also have typos... |
|
|
|
|
Those are basic practices and anyone that uses crypto currencies should be aware of those methods to keep their assets safe not only from hackers but themselves. I am saying themselves because people most often lose their coins because they end up losing their private keys and they have no backups! They should know how to properly create a backup and store backups safely.
And one more thing, reputable exchange doesn't mean that your coins are safe from hackers. No matter how much the exchange claim that your coins are safe with them, it is not. Look at the exchange hacks and collapses.
|
|
|
|
|
Show Posts
