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401  Bitcoin / Bitcoin Discussion / Re: Hundreds of thousands trafficked to work as online scammers in SE Asia, says UN on: September 01, 2023, 02:23:05 AM
I've also seen a couple of news stories this year about getting busted by scammers here in our country, and guess what? They operate like a call center or BPO that has a building called Safe House and has more than 40 employees. You have a point; it's kind of like we are getting angry with this kind of scammer, but again, they are forced to do it, but again, there are still people who really do it because they want to and they can get easy money. I do hope that the authorities will find more and hunt down those kinds of scammers so that they could be free and also we would be free from getting scammed.
402  Bitcoin / Bitcoin Discussion / Re: can Bitcoin provide food for our table on: September 01, 2023, 01:30:13 AM
Bitcoin can provide food on your table you if you become incredibly good at the skill that you have learned from it. If through bitcoin you learned how to trade and become one of the best at it, you can you trade, make profit in bitcoin and be able to live off of that. That is how bitcoin can put food on the table, clothes on your body and shelter you if I may add.

But then again, OP, remember that as tranthidung said, bitcoin is bitcoin and it is a medium of exchange, a store of value and nothing else. It is what you do with it that puts the food on the table.
That’s an optimist’s way of thinking my friend. You’ll be surprised to realize how much of these things you’re envisioning end up falling down the gutter later on. Not here to hate on bitcoin or anything since after all, I started from nothing and gained a lot from bitcoin too, but as someone who’s experienced the best highs and the worst lows in here, I’d much rather suggest for OP to look for a steady income stream like a job or something rather than pooling his efforts into bitcoin for the sole purpose of providing his family’s Basic needs. It’s dangerous and at worst you’ll literally starve.

Once they earn Bitcoin, they now think that they will earn in a stable way, but they don't analyze the situation. Yes, you earn Bitcoin, but it is not stable compared to a job where you'll have a salary every month, which is a sure salary as long as you go to the job, but in Bitcoin, just imagine you are just relying on a pump, and for that month there is no pump, or even in trading if you are just new to it and have no proven stable portfolio, it is still the same. That is why it is better to find a job and make it a side hustle. Always think of the negative before saying or concluding something.
403  Economy / Economics / Re: How to avoid over expenses and have discipline on: August 31, 2023, 04:17:15 PM
Sometimes expenses are difficult to predict every month, even though we have detailed everything, there are always urgent needs that require us to incur additional costs
Perhaps the most important thing is to get into the habit of saving a fixed amount every month, so that we can have reserve funds when needed, and are always productive in seeking additional financial input, so that we can meet our main needs.
I have a breakdown of my exact expenses every month, I think I have to make sure to see how much I spend, and I also don't forget to always prepare extra money every month to be ready if there are urgent needs or sudden expenses. And from there I can set aside money to save and also I allocate and to invest.
I always differentiate money for saving and money for investing, why? yes it is a form of my preparation so that I don't have to sell my investment when something urgent happens in the future because I still have savings money ready for me to use.

This form of planning we must do, even though we never get into trouble but we don't know what will happen in the future, and when we don't prepare it will be a bigger problem.

But lucky you as you are still able to budget your money, a lot of people right now that are having a headache because again it is the end of the month, they will receive their salary, they will then pay for the bills and also food on which they will try to budget it but it is not enough, though the solution on this is having another source of income if ever our income is just enough for sure we know how to budget or I don't know with other people but mostly I've known they really budgeting their money because if not we will struggle and forgot to pay other bills.
404  Bitcoin / Bitcoin Discussion / Re: Has Bitcoin Helped Create Big Changes In Your Life? on: August 31, 2023, 02:08:51 PM

It is somewhat the case that people tend to have a sure profit for Bitcoin in the upcoming 2-3 years, which is why they are investing in it for the long term. We know that people who don't have patience will not work on this, only those who understand that we need to hold it for a longer period of time so that we can gain profit. Bitcoin really attracts those investors because of its high price and how volatile it is; it can reach its ATH in no time. That is why investors liked the risk, even though the risk of losing your money is also high.
It was too risky indeed but people didn't focus on it instead, they looked at how much they get in the future.
We can say that many people were encouraged to come because they saw that many lives had changed through investing in Bitcoin and they are taking their steps hoping that they could change their living as well despite the risk. In fact, we can't change our lives if we remain in our comfort zone which is why we have to do this and take the risk.  
Well, for me, I couldn't say that I really improved but I gained a lot of learnings which I treasured the most.

Staying in your comfort zone can make you lazy because you'll still be in an unending cycle that you don't know where to go but it is sure that we are safe there, it is like security, but again times staying in our comfort zone even we don't like it we have too because taking a risk can make you down financially and that's worse mostly if you have a family to feed that is why I've seen a lot of people that are doing their 8 - 5pm job even if they don't liked it but again they need to as they need to feed their family.
405  Economy / Trading Discussion / Re: My experience as a beginner trader on: August 31, 2023, 11:50:19 AM
There are no experience mate Grin you lose  as a beginner to become a stronger trader  Smiley so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning  till you  can say "Gone are those days " Grin

As I've always said experience or mistakes or failures are your best teachers no matter what, if you haven't experienced it, it is really difficult to understand it or sink it in your mind, but repeated mistakes are another work which we shouldn't do frequently. also quitting or thinking of it is part of learning trading, it is just to prepare you if you can still continue or quit, It is just a trial if you pass on then for sure you'll future is bright. Again trading is not a stagnant knowledge you keep learning over time.
406  Economy / Economics / Re: Bad economic situation makes bitcoins more difficult to keep. on: August 31, 2023, 10:18:10 AM
Bitcoin is worthy to hold for long term but if we have no other ways to fulfill our need then we shouldn't hesitate to sell because living happy life is our first priority.
There's a little solution on that, if you are in need and you are holding. Try to measure if you can keep and still hold a lot from it, like selling a little by little until that needs of yours is filled.

There will be many situations in this world that we will have to sacrifice our precious things. In these ten years i remembered many times that one coin I bought to hold for 5 years at least sold out in 2 years because of bad situation and when everything become normal I got these coins again.
Yeah, we can't just dictate the situation and if we're in need of it and your last option is to sell then you will be forced to sell. Can say that we can always accumulate.

But, if that happens we will never know how high the price will be if we go back and DCA.
It will indeed be a dilemma when we need something and the choice is to sell bitcoin. If it is the only way then we can do it, but remember the outline "if it is the only way". However, if we still have several other solutions, then it is better to avoid it, especially if our investment has just started and has not yet made a profit, in my opinion it is a 2-fold loss.
Again we are talking about good planning here. If we can do that I think we can avoid it all. indeed something difficult comes cannot be predicted. But we can prepare well in advance.

That is really a difficult situation and decision to make. You'll be needing to decide if you sell it off because you need it for emergency purposes or you take out a loan just for that emergency thing. You really need to think but again if there is a will there is a way meaning we will find another way to get that money that we needed because selling it is for sure we are at a loss so we will find a way to like hold it more and probably if we can profit from it that is the profit that we will be paying for that debt. So again it is just our decision if we don't have another choice like zero choices then you'll need to bail out and sell it off.
407  Bitcoin / Bitcoin Discussion / Re: Bitcoin achievement on: August 31, 2023, 08:25:15 AM
You must be earning big time because you've been able to avail or afford those things that Bitcoin has given to you but my question right now is are you still in Bitcoin? I mean I don't know how much you hold but that should be more than one Bitcoin right now have you sold it off? Also, are you holding or doing trading? I am still skeptical as we don't see any proof and it is something that you still need money to purchase a whole Bitcoin way back in 2017 just to achieve what you are saying right now
408  Economy / Gambling discussion / Re: Constant wins in the casino for several days, then constant losses. Noticed?! on: August 31, 2023, 06:30:12 AM
Should I say that it is luck, meaning that it is a rare occurrence on you? Like, there are days that you are lucky, you are hitting the jackpots or winning a bet, and you think that their system is kind of saying to give wins to all gamblers, but the truth is that it is just your lucky day. We have experienced this in rare cases, but unless your winning has a pattern, like in May, this casino gives you winnings on that day and specific time, but if it is just random without pattern, then it is just on you.
409  Economy / Trading Discussion / Re: Trading not for everyone! on: August 31, 2023, 05:30:14 AM
Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.
Indeed. If you became interested to be a trader just because you saw someone earning a decent amount through his trading activity, it doesn't mean you'll have the same result. Because it depends on your knowledge and experience in trading to maximize the chances of having a successful trade.

Those TikTok and social media videos really make those newbies think and say that they can learn trading easily, as those videos are just showing the end result, not the hardships, and they are also just after the referral, as they can get money on it once you sign up and deposit money. Thinking this way really makes you quit along the way, as you're not ready to fight; you're just thinking that you can learn it over the span of a few days and start earning profit, which is not true.
410  Economy / Economics / Re: I wonder if food prices in your country have also increased? on: August 31, 2023, 04:24:20 AM
Sorry to hear about the whole drought issue causing some instability of food prices and the alike,  but am interested to know if you are affected by the oil prices too as this was what came to mind with the whole Russia- Ukraine war which has destabilized the oil/gas prices world over..and it's effects have a ripple effect to pretty much everything though we have adjusted and used to it by now.

For sure, all countries were affected by it because in my country it was the same, and what's worse is that the fare is getting expensive, and also everything gets expensive because, like food, it will be transferred from this location to another, which needs a vehicle, and that vehicle runs on gas, so the price goes up. Though past week's prices of oil came down in our country, this week it was already announced that they were increasing, so again we are back to higher prices.
411  Economy / Gambling discussion / Re: As a gambler do you have a potential winning amount limit? on: August 31, 2023, 01:54:32 AM
I have heard and read about people gambling because they had no source of income,  a job or they wanted to add gambling as part of their streams of income. Whatever your category the bottom line is that we all gamble to make money though some group claim it's mainly for fun. But who would want to be losing money all in the idea of catching fun!

There are gamblers that don't place their bet not until they have gotten a certain amount as their potential win. Some do this based on their financial challenge with the anticipation that just one win they may get on such amount is a life changer for them.

My main focus on this thread is in this question: as a gambler do you place your bet according to the weight of your financial need or you're always okay with whatever amount that comes out as potential win no matter how small amount?

Many people does take gambling for fun but they do take gambling as source of their payments, so i believe that gambling is totally entertainment before, but currently why people is into gambling is because their want to make money the intension of anyone who is into gambling is to make a fast money not to catch fun, because many youths have taken gambling as source income the way I do see gambling of this present time

Which does not work all the time because you'll tend to lose, and realized that gambling is really not a source of income because they lose more than they earn. Those youths who think of it as work will struggle unless they are very lucky and keep winning. No matter what, it is really just for fun and to kill your free time, and nothing more. Also, there are others we've seen in the documentary that are making a living on it, but that is not all they are doing; they have businesses and other sources of income as gambling is not stable.
412  Bitcoin / Bitcoin Discussion / Re: presuring someone into Bitcoin investment on: August 30, 2023, 04:17:19 PM
You need to prove to them you made a big profit after you invested in BTC. That's what is going to convince them to invest. The skeptical mind always needs something of proof to believe in. Apparently, all people are skeptical when it comes to buying something they don't understand.  
If you prove to them that their is a big profit to make from bitcoin it can lead them to be just too desperate to make money from Bitcoin,  and if they get into investing bitcoin with no knowledge but only with mindset to make money and the investment ends up wrong you will still be blamed for it. While giving evidence of good profit in bitcoin to beginners it is important to make them to know having understanding in Bitcoin is as important too as making profit from investment. Understanding leads to getting profit but if one is just moved to invest to become rich it will really end bad.

After giving people prove how profitable investing in bitcoin is, it is necessary to let them know not to rush into it but to make research on getting understanding about to be successful in gaining profit.
In the end it will still be their decision, it is better that we only recommend rather than going too far like forcing them to invest in bitcoin, even though later the profits will be entirely theirs, but we must also remember that the market is not always friendly and it could be that by the time they buy bitcoin, the price of bitcoin has decreased very deeply.
We can recommend them and after that let them learn, if they ask us to teach them then it is a good thing, because we can tell them directly what should and should not be done when they invest in bitcoin.

I actually don't really like to show what I have gotten from bitcoin investment, I prefer when they ask first, because when they ask it indicates that they are starting to be interested in bitcoin.

It is really better that they are aware of the risk and also ask you relevant questions on it rather than being the first person to approach them to invest in it, because first, the risk of losing their money is also the risk of your friendship with them. If they are true friends, friendships are still there, but mostly in this case, this is where you start getting enemies when the investment fails. No matter what, don't ever pressure or tell someone to invest in Bitcoin without any knowledge or because they are not aware of the risk, just for your own good.
413  Economy / Economics / Re: Any business where today you launch, tomorrow you begin making profit...? on: August 30, 2023, 02:16:36 PM
Yes, all type of illegal businesses brings the fastest money, start cooking your own drugs and sell, and you will turn into a big man in weeks, get a webcam and start doing onlyfans, you will make money very quickly, or start running a body ring, you should know what I meant.

The end will simply justify the means, as all these ways are terrible for anyone to start making money, it's called dirty money and it brings no peace.

People tend to go away from anything that takes time, humans forget that God only promised us death, not riches and wealth, it's clear that not everyone will become rich, so such a path will be one of the hardest and also the one that will last longer instead of taking the illegal ways.

My question to you OP is, are you ready to pursue a neat dream of making money? Or you want to stick with making money faster? Are you ready to pay the ultimate price? Because they both have their endings, you are free to choose.

That is a shortcut on which you are going to rot your soul with that kind of method of starting a business. Well, it's the OP's choice, but again, that illegal business may earn hugely, but the exchange on it in your life is thrice bigger than what you earn. Why are people really doing this right? There are no short cuts to earning money and getting rich; let's do the hard work and work smart so that we can earn the legit way.
414  Bitcoin / Bitcoin Discussion / Re: Has Bitcoin Helped Create Big Changes In Your Life? on: August 30, 2023, 12:08:04 PM
I personally probably can't say that Bitcoin is the safest investment. But I personally believe that Bitcoin is a potential investment to get into. For example, now more large companies are also investing in Bitcoin. In fact, several giant companies that had badmouthed Bitcoin a few years ago turned out that this year they were also one of the companies that submitted a Bitcoin ETF.

And yes, changes in life through bitcoin can happen if we enter and feel it ourselves. But this is not a get-rich-quick scheme. This is just a pretty promising future investment. But still high risk of course.
It seems to me that the times when one could expect a very large growth from bitcoin have already passed. Now it looks more like a long-term investment, from which you can get x3-x5 with the right timing for buying and selling. And in the future, the possible profit will become even smaller as Bitcoin becomes more expensive. But for now, Bitcoin remains an attractive investment, it may not make investors wealthy very quickly, but it can provide an opportunity to create good capital for further investments.

It is somewhat the case that people tend to have a sure profit for Bitcoin in the upcoming 2-3 years, which is why they are investing in it for the long term. We know that people who don't have patience will not work on this, only those who understand that we need to hold it for a longer period of time so that we can gain profit. Bitcoin really attracts those investors because of its high price and how volatile it is; it can reach its ATH in no time. That is why investors liked the risk, even though the risk of losing your money is also high.
415  Economy / Economics / Re: Is market manipulation a common occurrence everywhere? on: August 30, 2023, 10:33:00 AM
It is not completely manipulable in Bitcoin, but for altcoins, people can really manipulate it, but for Bitcoin, it is just that it can touch the price, like what happened when Elon sold his Bitcoin holdings and the price dropped, but again, it is not completely manipulable as that is really the cycle of the market. There are really big whales in Bitcoin that probably do the same, but again, they can't control the price. But in fiat, the government and banks can control it, which is almost the same with other stuff like foods, where they can increase the price of whatever they want.
416  Economy / Economics / Re: I wonder if food prices in your country have also increased? on: August 30, 2023, 09:19:19 AM
I've got stuck on the statement you've made that farmers in your place can sell their crops at a high price because in our country this is not happening because farmers can't increase their price because those buyers or middlemen that are buying it direct from the farmers and going to the market won't buy it when it is at a high price, and that is where the price goes up when the middle man decides the price, so farmers are still struggling, just like consumers. With our recent issue right now, where the price of rice increases 10%, a lot of people are really worried about it, and it was found out that it was just manipulated by those middlemen by hoarding it.
417  Economy / Gambling discussion / Re: Reckless gambling starts after a win round. on: August 30, 2023, 08:05:17 AM
-snip-
No, gambling addiction starts not only when you get a win but when you experience defeat it can also cause a high curiosity to win and keep trying to continue playing or betting until you are addicted.
There are many people out there who often lose but are even more active in gambling, so it would not be right to say that the cause of gambling addiction is only when you get or feel a win.
First entered the gambling industry, of course you would lose more often, but over time you still gamble to be able to have a win and keep trying until curiosity has enveloped your life to keep betting.

That's right, gambling addiction appears not only when you win but also when you lose. Usually a gambler who loses will try to play again because of his curiosity to win again, but instead he loses again and again, and so on. When someone enters this vicious circle, they are categorized as a gambling addict and they should be treated because if not, their life will most likely be ruined.

Both sides are difficult to stop. Just imagine that you are winning and you are thinking that you are lucky. You'll be thinking to play more and don't know how to stop because we thought that we would win more. This is also like losing and thinking that you'll win the next round. That is really the cycle in which most gamblers get stuck, unless you have discipline and get addicted to it. Though you can prevent it if you have self-control, which we know is hard to do and obtain, practice makes perfect.
418  Alternate cryptocurrencies / Altcoin Discussion / Re: DOGE logo shiba inu passed away on: August 30, 2023, 05:27:27 AM
I really thought that dog was already dead; I mean it was just social media and Doge Coin that kind of made it alive because of the meme, but again, that dog is really famous, and I was amazed with its story and journey in its meme and also in the Doge Coin story. Cheems will always be here in our hearts as the memes continue to live, as well as the Doge Coin.
419  Bitcoin / Bitcoin Discussion / Re: No Electric Supply to Bitcoin Mining Operations in Laos on: August 30, 2023, 03:58:08 AM
"Lao authorities said that cryptocurrency mining operations have failed to repay mounting debts."

besides the problem of insufficient electricity, they also have unpaid debts until now, maybe this is an excuse for the government to cut off the electricity supply to their business. because a good and profitable company certainly has an electricity generator which they can use to support their business, even though turning it on is expensive but it shouldn't paralyze their business, unless this mining company has complex problems and is on the verge of bankruptcy.

If this is really the case, then for sure the government will really halt it, meaning there are tons of reasons why it is probably not profitable for those companies to mine Bitcoin, and also for sure they've got problems with power outages that make them lose more. Though right now they are wanting to preserve or have more energy on electricity as we know that they are in shortage, which is also one of the reasons why they close it down.
420  Economy / Gambling discussion / Re: Who is to be blamed, the gambler or the betting agent on: August 30, 2023, 03:01:31 AM
Sometimes most of those sporty bet shops normally allow there customers to play free bet and pay later to again there interest. But I think this time, this did not go the way he planned it. Gamblers that know that they don't have the fund to pay for bet should better stay off gambling than taking the risk to bet on credit and pay later. When a gambler accumulated so much credit when they bet and later loses, this could make them to be on the run for a long time before they are seen especially when they don't have the money to pay for the credit bets.

It seems to me that adequate betting shops that allow their regular customers to bet on credit are well aware that there is a possibility that the debt will not be returned. But given the fact that this is their regular client, they take this risk because they have already earned enough on it, and if the negative scenario is realized, then their loss will not be large. Plus they don't let you make big bets on credit. But I assume this in relation to adequate betting shops. In this case, everything was inadequate.

It is also a marketing strategy on them because it will attract the gambler to bet more as he can pay it later. This is like those shopping platforms that let you pay later on so that you'll be tempted, which again will put the gambler in debt, and for sure the way they ask for payment on this is harsh, like threatening you, though on profit instances for sure the total money that they will lend to you is the total that they got to you, and the more you do it, the greater the amount.
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