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1  Economy / Gambling discussion / Re: Never Expect Consistent Winnings From Gambling - A Lesson I Learnt. on: June 12, 2023, 06:42:47 PM
Actually, it's not that very rare because we or I can still hear some news or some stories about a gambler who already buried himself from having a mountain of debts with almost no hopes to pay it all. Loans are counted as they also see that as an option to continue their desires and continue their activity with the hopes and goal of being lucky in a single night to get free from all the debts and problems. Honestly though, there's almost no difference at all between gambling addicts and drug addicts as they both are willing to have any means just to continue their desires including robbing someone worse it's their family.
You are right that it is not very rare to see gamblers taking loans only to gamble more with the hope that they might get a lot of money at once and they will pay all the debts and will even have more left, but what usually happens is the opposite of that, and they lose the currently borrowed money as well. It barely happens that one wins in gambling after taking a loan and then successfully repaying the loan with that money.

That is why it is important to understand that taking loans for gambling or any kind of stuff that involve luck is a very bad idea you will end up building up tension and nothing else, and in the end, you will start looking for evil ways in order to get money so that you can get out of the situation you've got yourself into.
if the borrower have a plan in the mind thinking everything will go according to the plan then that is surely the most foolish thing one could believe.
not always what is on you mind is exactuly what you would think
2  Economy / Economics / Re: Try to save money while you still can, will you ? on: June 12, 2023, 06:40:07 PM

Well, the inflation in my country now is not extremely high but has already damaged the economy. The cost of living is increasing and does not seem to stop. Last week one of my friends lost his job after working in the same company for a decade. His life abruptly changed, putting him in a place where he could not support his family. If you were him, how would you survive this tough time ? As a friend, I am trying to help him as much as I can and meanwhile, I am planning to save more money to prepare for the unexpected challenges in my life. What about you ?


If there is inflation in your region, it means that the value of the money has been lost. It is not enough to save your salary or earnings to maintain the value of money. For example, if the dollar is rising in your country, you should buy dollars as soon as you receive your salary so that the value of the money does not decrease. This was the simplest example. You can apply this example according to your region.

We should always have savings for bad situations. Something like this happened to someone from your close circle and you should learn from it. A small investment must be made. Small and regular investments can be the insurance of our lives.
It is a good idea to save as much money as you could. But most of the time people do that when they go through some trouble
3  Economy / Economics / Re: how to overcome inflation for the community on: June 12, 2023, 06:39:12 PM
The thing that we have to understand is that inflation will continue to occur and of course it makes us have to be vigilant, avoiding inflation is something that is impossible for us to do and the best way out to avoid inflation is to find or increase income, there are many ways to make money and if we start from scratch then you can learn from youtube.
never in my life I have seen prices coming down and we get the value of money to the exact number as it was a year ago
so if it is not possible then try not to waste time and earn as much money as you could.
4  Economy / Economics / Re: Can I take a loan to invest in bitcoin? on: June 12, 2023, 06:37:03 PM
Many people think that investing in bitcoin is very risky
Yes, and that's because investment in Bitcoin is truly very risky despite the potential and the benefit of the Bitcoin market.

and only uses the money in their pocket or wallet, but for those who have a small income, of course this will never be achieved, many people work 1 month and enough even less for one month's needs so the plan to take a loan to invest in bitcoin is a good idea.
Taking a loan to invest in Bitcoin may not be a good idea for small-income people if there's no guarantee of paying the loan without any issues but there's power to pay the loan I also don't see anything wrong in a taking loan and investing it in Bitcoin.

once you take loan and you lose your money in gambling then you are in. hot water.
there will be laibility that will put you in double trouble. So in my opinion try not to take loan for gambling and unsecure and hasty investment
5  Economy / Economics / Re: Quit borrowing on: June 12, 2023, 06:34:07 PM
We need to be aware of our spending. We need to control our spending because if our spending is more than what we earn it is not a good sign for our life and our future. We need to increase savings rather than spending.The government and banks have to step away from setting new rules and regulations on credit cards. This is because the most common type of personal loan so the government and banks can control this situation by themselves when one increases the rate of return on his credit repayments. I think we should refrain from borrowing. Borrowing someone's heart is upset, and if you want to ask for the money you owe, you will see that the heart becomes depressed.
that is so correct - we need to increase our saving and try to live within our means.
The best approach to the practical life is to live within your means and not to borrow money from other.
6  Economy / Gambling / Re: Gambling is a choice. on: June 11, 2023, 06:36:04 PM
When a gambler engages in excessive gambling it is no longer consider simple gambling. When an addicted gambler conduct gambling, he cannot control it even when he loses. He indulges in gambling whenever he needs a break. At one point he lost all his money. In the future, he again does not hesitate to do anything like murder to manage his gambling money. Gambling is definitely a means of enjoyment as long as it is under control.

A person who is excessively gambling can be sure that he is addicted, a loss will not have too much effect on him, even if it has an effect but it is only temporary and the next day he will do the same thing. If someone is addicted then they will be willing to do anything for their desire to gamble, sell some of the things they have or even commit crimes such as stealing it is very possible. In fact, it will be difficult to get out of that zone, only some people are able to get out of gambling addiction completely.

 -  What you mentioned is true, but most of the casino gamblers end up losing whether it is online or not. But for those gamblers who know they are not lucky, they should learn to stop and come back after a few days.

Because if they don't stop, the cost of their defeat will only increase, so it's really important to have self-control and self-discipline in this matter. I hope all gamblers can implement this for real. As for the latter they don't always blame themselves.

The self-control factor in gambling is great, but the problem is that not many of them can or are able to do this. Because everyone's personality is different, those who are psychologically and mentally weak are sure to run out at one time, there is no tomorrow because their minds are already disturbed and their emotions continue to increase because they cannot accept their defeat.
but controlling it when you are in the middle of nowhere is not an easy task. I am sure the gamblers who would deal things with great care would have been a successful gamblers.
I look fwd to see how is the life of a successful gambler? How they would treat people and needy around?
7  Economy / Gambling discussion / Re: FIFA World Cup 2026 :Canada/Mexico/United States: Discussion Thread on: June 11, 2023, 06:33:10 PM
With Messi moving to Miami , I do have confidence that he will be playing at the next WC , especially that he will know all the pitches by then and having extra info even if the age won't forgive Messi but I would like to see him playing one more WC. Now , can Argentina win it again ? I doubt it because believe it or not , England looks the strongest team on the planet right now , because they do have a lot of young talented players with massive experience in both WC , EC but also UCL and Premier League. Cool

Why do you think that because of playing in America, Messi will have less chance to perform at the next world championship? On the contrary, the American soccer league is less demanding than the European soccer league and this may help Messi play longer and extend his soccer career. After all, even though he plays in Saudi Arabia, Ronaldo still plays for Portugal.
Along with Brazil and France, Argentina is always among the favorites at every World Cup and that will not change.
England is a strong national team? Yes, their clubs are strong at the moment, but because of the large number of quality foreigners playing in England, while the national team still hasn't achieved any great result in a major competition.
That is correct. Saudis are crazy for football so are Portugal and Brazil
Messi has made all his fans upset by going to intermiami - but we are looking fwd to see how it unfolds. Ronaldo has been living like a king in Saudia he has been treated with great respect and love. Had Messi been part of SPL it would be a great surprize for all the fans.

8  Economy / Gambling discussion / Re: The madness of gambling addicts. on: June 10, 2023, 11:55:13 PM
They should change that mindset and quit right away before they lose control and end up placing another bet. They can expect to win big but also have to admit that it is not easy to get and they might lose all their money, especially if they intend to recover previous losses where it will be even more difficult. The pattern "high risk, high reward, but we need to be wise before deciding" is something that must be owned so that we realize that gambling is just entertainment and nothing more. Don't chase something from gambling but let it come alone while you just want to enjoy gambling.
In order to avoid more severe addiction, you really have to change your mindset in a more positive way, acknowledging that gambling is not a place to gain profit except for luck.
from a positive mindset a gambler will definitely gamble casually without any pressure even though losing never has the intention to chase that loss. so gamblers who already have a mindset like that certainly can't become crazy gambling addicts and are usually calmer and usually always get small luck.
i think you cannot change the mind and attitude of people around. Living and dealing with different people is not an easy task and deal with gamblers is not an easy task though.
because we cannot change the other people around us, we must change ourselves (what I mean is changing our environment by moving or something like that)

whatever happens in your life is something that can still be changed from the start, so improve your environment by seeking a healthy environment from various types of criminals and bad people from an early age
gambling is an addiction and the adrenaline gush is very tempting.  But gambling should not be the life style to person. If they have fear for not being able to manage their finances then they have a wrong approach to the life. Let your dream bigger than your fear and actions louder than words.
Live the life with set goals and achieve them as early as possible in your life.
9  Economy / Economics / Re: The Role of Education in Financial Literacy on: June 10, 2023, 11:51:46 PM
How to Equip Yourself with Essential Knowledge to Succeed in the World of Cryptocurrency

Your opening post is on a very interesting and important topic which is also being debated worldwide. In my opinion role of education is vital for shaping up individual's Learning fundamental theoretical principles plays crucial role to understand underlying concepts and enable us to implement them effectively in real life.  However, practical on hand Experience is equally important to apply your learning to achieve tangible and realistic results.  
People say education is not important for your success but they forget this fact that its not all about success education is important for your self growth and grooming  it helps you to widen your mindset and thinking and teaches you about different techniques that can be used in different parts of life .
So for financial literacy education is extremely important to get the best of everything.
Education is very important and there is need for us to get educated because this will help us when we want to join politics so we wouldn't be see as someone that do not go to school. Becoming education do not guarantee our success but we need to know what we are doing so that we don't get wanted for crime.
the other thing apart from education is your brought up and your family upbringing but it is always a great idea to learn new skills- live as if you were to die tomorrow learn as if you have to live forever!
Set new standards of your life.
10  Economy / Economics / Re: how to overcome inflation for the community on: June 10, 2023, 11:50:28 PM
Inflation is a global problem that affects economies of various sizes, including those in rural and urban areas. While the effects of inflation are widespread, communities can certainly take steps to address and mitigate their impact at the local level. Diversifying businesses and sources of income can provide resilience and stability during economic fluctuations. Additionally, investing in personal development and upskilling can increase individuals' employability, open up new opportunities, and potentially lead to higher income generation. But it must still be recognized that local actions can help us deal with inflation, but addressing inflation on a broader scale requires macroeconomic policies and coordination from other countries central banks and governments.
that is true and I second your opinion
you cannot have a better tomorrow if you will keep thinking about yesterday. Live in the present moment.
Live to the fullest of your enegry and gain as much as you can learn new skills and live your life like a king.
11  Economy / Economics / Re: When will we stop living for the weekend? Escaping the 9-5 life. on: June 10, 2023, 11:49:29 PM


This is really the problem, as most of us are scared to take risks. I do have a workmate who really has money to start a business or venture with others, but he really stays to work at 8–5 jobs because his reason is that it is very stressful to start a business from scratch, so it is better to be on that job as he can relax and chill while at work. That kind of mindset is really in his comfort zone, though another reason is that his salary is enough; that is why he isn't thinking of anyone else, but again, it will not work for everyone because other people tend to venture out to others because they don't like the job, and others also don't want that kind of work style where you won't learn anything.
some people are comfortable with their 9/5 routine and they don't want to change
In my opinion you are given a life because you are strong enough to live it. don't waste your life as to just drag it. Live it to the fullest of your capacity and leave a footprint wherever you go.
12  Economy / Economics / Re: how to overcome inflation for the community on: June 09, 2023, 10:43:21 PM
Inflation is a global problem that affects economies of various sizes, including those in rural and urban areas. While the effects of inflation are widespread, communities can certainly take steps to address and mitigate their impact at the local level. Diversifying businesses and sources of income can provide resilience and stability during economic fluctuations. Additionally, investing in personal development and upskilling can increase individuals' employability, open up new opportunities, and potentially lead to higher income generation. But it must still be recognized that local actions can help us deal with inflation, but addressing inflation on a broader scale requires macroeconomic policies and coordination from other countries central banks and governments.
It surely is and if we will keep looking at the power to solve our problem of inflation then this is not going to happen.
To take care of yourself you have to work harder earn lots of money to keep yourself out of poverty cylce.
13  Economy / Economics / Re: The Role of Education in Financial Literacy on: June 09, 2023, 09:58:25 PM
How to Equip Yourself with Essential Knowledge to Succeed in the World of Cryptocurrency

Your opening post is on a very interesting and important topic which is also being debated worldwide. In my opinion role of education is vital for shaping up individual's Learning fundamental theoretical principles plays crucial role to understand underlying concepts and enable us to implement them effectively in real life.  However, practical on hand Experience is equally important to apply your learning to achieve tangible and realistic results.  
People say education is not important for your success but they forget this fact that its not all about success education is important for your self growth and grooming  it helps you to widen your mindset and thinking and teaches you about different techniques that can be used in different parts of life .
So for financial literacy education is extremely important to get the best of everything.
Education is very important and there is need for us to get educated because this will help us when we want to join politics so we wouldn't be see as someone that do not go to school. Becoming education do not guarantee our success but we need to know what we are doing so that we don't get wanted for crime.
Education makes you are better person though but no doubt there are some educated people who would stab you in your back and would be the worse person you have ever witnessed in your life.
14  Economy / Economics / Re: Social media, now looking more for business than for socializing. on: June 09, 2023, 09:56:24 PM
Do you think social media is now becoming more a place for business than socializing, Could it be as a result of digitalization and things moving online or more people now starting business online because of need to somehow generate income or another source of income for self to survive the economic situations which is becoming tougher?



I do not think that business and socializing can be summed up in the same meaning, but they are intertwined and inseparable. If you look at the fact that socializing and trading are basically the same thing - selling (advertising) or buying (asking) something we need in our life. Usually socializing costs us only time. However, in some cases it can cost money. Businesses are extremely social, because they have to be. Otherwise they fall into disregard and eventually just dry out.

You cannot earn any money without socializing. That is why many people say the customer is king.
although there are many people who are establishing small businesses on social media but there are people who are taking break from social media and trying to detox it.
life is a continuous struggle and we are just running behind it
15  Economy / Gambling discussion / Re: The madness of gambling addicts. on: June 09, 2023, 09:53:59 PM
They should change that mindset and quit right away before they lose control and end up placing another bet. They can expect to win big but also have to admit that it is not easy to get and they might lose all their money, especially if they intend to recover previous losses where it will be even more difficult. The pattern "high risk, high reward, but we need to be wise before deciding" is something that must be owned so that we realize that gambling is just entertainment and nothing more. Don't chase something from gambling but let it come alone while you just want to enjoy gambling.
In order to avoid more severe addiction, you really have to change your mindset in a more positive way, acknowledging that gambling is not a place to gain profit except for luck.
from a positive mindset a gambler will definitely gamble casually without any pressure even though losing never has the intention to chase that loss. so gamblers who already have a mindset like that certainly can't become crazy gambling addicts and are usually calmer and usually always get small luck.
Most of the people quit gambling after facing major setback
not always you are lucky to have been receiving and winning money all the time.  Sometimes you can be looser and you wont belive how the moment has ruined your life all together.
16  Economy / Economics / Re: Try to save money while you still can, will you ? on: June 09, 2023, 09:51:42 PM
Supporting your friend during this difficult time is very important, both emotionally and by providing information and assistance. It's important to save money while you still can, especially given the rising cost of living and the potential for unexpected challenges in life. I understand that your friend recently lost his job, and it can be tough. In such situations, it is important to prioritize immediate financial needs, reduce unnecessary expenses, and seek other alternative sources of income if deemed necessary.
That is correct - if it is not easy to earn more money then the best approach of life is to reduce your expenses as much as you could and try to save as much as you could.
But in my opinion its not a good option to help others especially those who are habitual in borrowing money.
17  Economy / Economics / Re: Quit borrowing on: June 06, 2023, 12:40:57 AM
The amount matters as well. I won't blame someone who borrows money for investment if they borrow $1000 from the bank, but their monthly income is $10000 with no debts and they possess assets like a house, car, and gold. It truly depends on the circumstances when it comes to borrowing money for investment or business purposes. If successful, you'll reap the benefits, but if not, you'll only lose a small portion of your money.
It is illogical, someone will apply for a loan that is higher than their monthly income because if they apply for a loan of 10% of their monthly income then it is better to wait for the next month's income than to pay interest on a bank loan, usually they apply for a loan higher than 3-5x of their monthly income and they choose a time to pay off 1-2 years. Now is the right time to increase Bitcoin investment assets but it is better not to involve any borrowed funds unless you can handle loan repayments well.
begging all the time make a person repulsive - try to change your habit for better repersention of your personality and your own self.
18  Economy / Economics / Re: Can I take a loan to invest in bitcoin? on: June 06, 2023, 12:37:58 AM
Not only the emotional stability but also your mental state because it's connected it's like a chain that it could also affect the physical health of one person when in case they be in debt. Never ever put at stake the money the you cannot afford to lose in a risky situation since it's volatile. So when you lose some funds and too stressed to think about it, you might forget to eat due to stress, not having enough sleep and etc. With these effect already saying the possible effect when you use loan for investing in Bitcoin.
A loan to invest is a big risk and not only in bitcoin. I wouldn’t even risk buying bitcoin with other people’s money, if I could borrow money from my relatives or friends, I still wouldn’t be able to feel calm, because it’s not my money and if I lose it, I will have to give away. Investing credit money is a matter of luck, you may or may not be lucky, but I would never test my luck in this matter.
not always the plan you make up in your mind is thr same as you think. Many a time the plans and things dont work as decided - there are mostly unplanned trouble coming your way in almost everything you do in life my life is not an easy one - I always have faced so much difficulties in life.!
19  Economy / Economics / Re: how to overcome inflation for the community on: June 06, 2023, 12:36:39 AM
how to deal with inflation according to my community:

1. Save money
2. Prepare for an emergency
3. Looking for additional income
4. Consumption of domestic products
5. Start investing and saving

that is the way in my opinion to overcome inflation in society. then what do you think? Is this way possible to overcome inflation?
This investment is one way to overcome inflation. Even though many people are afraid that investing will make them lose money and require a lot of capital, investment is a choice and a way for someone to fulfill their financial goals so that our purchasing power does not decrease.

Even so, inflation is faced calmly. for those who don't understand high-risk investment instruments, it's better to invest in a safe place like gold, at least it can minimize the decline in value due to inflation, but in my opinion, investment during inflation, the food sector can produce good products. Inflation is not inflation, people still need to eat. Don't let people who don't understand crypto suddenly buy crypto for fear of excessive inflation. It's even more fatal if you put it in a fraudulent investment, the money actually disappears. because make no mistake, when inflation is like this, many fraudsters take advantage of this moment to cheat.

The point I got from OP is don't save too much cash (except emergency funds).
Conversion to assets: Gold and bitcoin
All fiat money will be affected by inflation, whether it is dollars, rubles, riyals or yuan it is the same. They were minted without any guarantee of gold value. All will be eroded.
inflation is truth and there is no denying that inflation is killing
people. The only way you can save yourself is by earning more and by saving more.
20  Economy / Gambling / Re: Gambling is a choice. on: June 06, 2023, 12:34:41 AM
Why I don't want to make a much impact or punch on Sunday in this is that it is a real bus company is the toys for you to play a gambling especially casino no more to make wearing and I choose a particular cancer again that you want or wishing to play again so universe the one do you like most to do so I believe that gambling choice
I don't understand what exactly your point you are making in this, I think it's some of your spellings are different so if I dream that I could understand your point then I would have appreciate it because it seems that you are making a nice bunch but due to your spelling and your speed and typing is what is making some of the sentence not to be understandable
Gambling is a choice these is no 2nd opinion about it. But in my opinion dont try to make it mandotary for yourself. There are other options available to earn and double your money..
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