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1081  Economy / Economics / Re: The impact of war on global economy. on: November 27, 2023, 09:31:24 AM
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   War has an effect on the economy of the area it occurred which is the major reason why it's avoided at high cost. We may not understand the depth of dangerous effects it poses till we experience it but it's really not what we should anticipate. Lives will be lost, there'll be halt in economic activities, so many inter national relationships will be on Sandy ground because there'll be breakouts and fall outs.
    The economy of the nation will be fueled into the war and the citizens will be left to make do with what they own and have in their store for the period it'll last. Living will be difficult and be in jeopardy, fear will set in all because of unpredictable occurrences. The well-being of the people will be put secondary because the major goal will be conquering the war. It's no doubt going to be an unhealthy experience so as a nation, we should do all that's possible to avoid such happening.
War is indeed a scourge that makes the profitable risk is severe, dismembering trade, destroying  structure, and diverting coffers down from essential requirements. The profitable impact of war extends far beyond the actual immediate conflict zone. It ripples throughout global impact, causing insecurity and query that can have lasting goods. The recent conflict in Ukraine, has transferred energy prices soaring, disintegrated force chains, and contributed to rising affectation worldwide.

It essentially needs to seek peaceful resolutions to conflicts and strengthen transnational institutions that promote dialogue and cooperation, given the  ruinous consequences of war. The citizens always suffer the most impact directly and indirectly. The pursuit of peace isn't just a moral imperative, but also an  profitable and strategic necessity.
1082  Economy / Economics / Re: Isreal and Palestine war and losing your wallet phrase and password on: November 27, 2023, 08:35:06 AM
Back to the point, I know it's not safe, but I would create two email accounts set a 2FA on both of the accounts, and send an email to my other email writing the seed phrase. If I survive, my phone is likely to survive as well.
Nice idea. for someone whose country is at war would require. This is the ideal way to save a seed phrase, in my opinion, because if you write it down on paper or a steel plate, as some people suggest, you run the risk of losing it or misplacing it due to a bomb explosion. However, if you send your seed phrase to your email that has 2FA security enabled on both, your seed phrase is safe and will be accessible even after the war is over.
Well, apart from the options above, it seems that in Telegram there is also a Saved message menu which can be used as a storage mode, but don't lose the card number and that's the main requirement to be able to re-enter after the conflict is over. I think we can also save the data there.

However, I don't know yet how much the application can protect it so that it cannot be accessed by other people. Indeed, many warnings have been given, don't save important things online, whether the initial phrase or 2Fa key.
well yeah.. very nice ideas.. in the end, The remembrance is the most important thing to keep being strong.
Let me share my idea;
So far I use two tricks to save all my seed phrase and passwords and other important digital privacy/secret;
1. I use email to wrote them down the email draft, and save them there.
2. I use Twitter to wrote them down on the Tweet draft, and save them there.

The key to get back there is the email, the twitter username and a password that I will never forget, or a password that is related myself like my birthday or my mother's nickname. I think this way make me easy to access whenever I want without needing the same device, without worrying of losing it.
and remember, always give two options of acces to everything, just in case one of them has difficulty to access.
1083  Economy / Gambling discussion / Re: French Soccer League Predictions and Discussion Thread (Ligue 1) on: November 27, 2023, 08:05:44 AM
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At the start of the season the PSG team had a little difficulty finding their best game due to the many changes that occurred in the team, and I think that's normal when there are so many new players and even new coaches in the team that it takes time to adapt and now PSG is slowly getting better and starting to make them back on a positive track.
As for the competition in Ligeu 1, I don't think it will be fierce, at the start of the season it looked fierce because the PSG team was in a slump, but now that they have risen, I think teams like Monaco and Nice will not be able to compete with PSG's strength.
Yeah.. The change at PSG is too big to overlook. it was not a scecret that they were entering the season with some turbulence in the squad. but then They slowly get their rhythm back with their attacking prowess and defensive solidity. The big win against Monaco has proven PSG's capacity as a dominating giant who will be difficult for any other Ligue 1 team to stop them.

Christophe Galtier has been doing a good job so far, but he needs to maintain this form and nuance for the team to have a stronger character as a unit. He knows that his team require a strong sense of discipline, because each of the players has his own character that is still need to be integrated to team. Christophe Galtier still need to prove himself in Champions League games to make the control on his squad is still in hand.
1084  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: November 27, 2023, 07:35:58 AM
Real Madrid managed to get perfect points this week. The convincing victory they achieved over Cadiz temporarily allowed El Real to climb to 1st place in the standings and this is of course positive capital for Ancelotti's troops.
Apart from Real Madrid getting perfect points, Real Madrid is also becoming more productive in scoring goals and has managed to get a clean sheet. Real Madrid have won three matches with big scores, this is a good development, different from the start of the season when they won with narrow scores. And what's interesting is that if Rodrigo doesn't play with Vini, he's very dangerous, Bellingham still consistently scores goals for Real Madrid and for Guller, when will you get better, son.
Real Madrid continue to gain points every week comfortably. After a draw against Rayo Vallecano, Ancelotti prepared his team with a better setup and more various attacks. the comeback of the injured players gives big effect to how Madrid perform compared to how they perform without them. Madrid played with their real character and didnt give Cadiz a comfort space to develop their attacks properly..

The absence of Vinicius Jr doesnt seem to have significant impact in this game. I think this is because Ancelotti have prepared his tactical approach that makes their tactical attacks suit to Rodrigo and Joselu. It seems Ancelotti keep trying improve their attacking threat, because he knows that the front line is their weakest issue this season.
1085  Economy / Gambling discussion / Re: ⚽ Lega Serie A 🇮🇹 (Italian League) Prediction Thread 2023/2024⚽ on: November 27, 2023, 03:12:06 AM
I don't want to say too much but if the Napoli players immediately become familiar with the module proposed by Mazzarri we could see a great Napoli that can fight against everyone, of course the calendar has not been friendly at all with Mazzarri who must immediately compete with Atalanta Real Madrid Juventus and Inter. We will see in the next Champions League match whether this Napoli can fight against everyone or yesterday's match was just a coincidence
It looks like Mazzarri knows Napoli very well like it was predicted, as he has history with Napoli. They have a talented squad with a lot of attacking potential. If the Napoli players can quickly adapt to Mazzarri's new system and play together as a unit, they could be a force in Europe. For this goal to achieve, The club owner and board should be ambitious with their plan and investment.

Current Napoli is different to Napoli were managed by Mazzarri  before. Now Napoli is a holding Champion who has mentality to compete at the highest level. Mazzarri as an experienced manager who has a proven track records wont have big difficulties to guide Napoli with big project in the future.
1086  Economy / Gambling discussion / Re: ⚽ Premier League 2023/2024 Discussion Thread ⚽ on: November 27, 2023, 02:51:24 AM
Liverpool going from a Top 4 contender to a title contender in space of weeks is something that I admire a lot about football, Arsenal are also that are doing pretty well and can challenge for the league, Tottenham aren’t serious though much blames will be on the list of injured players and not the team’s tactics but a win against Aston Villa could see them revive their hopes, the competition in the Premier League is usually high and that’s one reason that makes the league one of the best in Europe and I hope this competition stays a while.
Yeah.. It's exciting to see Premier League this season has been a thrilling one. The league have several table leader in just few weeks. The most favorite team, Mancity, who are the treble winner hadnt been in the top for a while. Liverpool, who were not really favorited at the start of the season, have become the most serious tittle contender after 12 games. Arsenal are leading the league after unconvincing start of the season. and Tottenham have been dropped too low after leading the league for quite long.

It looks like three teams will be in the tittle race, Mancity, Liverpool, and arsenal, all because have a great squad depth in this such competition, while Tottenham just fell off so hard due to injuries picked by their important players. The competitiveness in this league is unmatched and will likely continue, as the teams are constantly investing in their squads and keep on improving.
1087  Economy / Economics / Re: Insurance is important on: November 27, 2023, 12:23:37 AM
Snip
Insurance is very good to be safe in life. In my family, my uncle car was trapped by robbers but he gained his car because he did his car insurance. Our family life is important from everything in life and we are living for them . We should focus on future and bad time can come at any time. Because after bad days ,there are also good days  and our decision matters a lot in life to save our family from any disaster. But many people think that Insurance companies are fraud but in my opinion fraud companies are also available in any country and you should research well before taking any step.
yeah.. The more we age the more we need financial security, because we cant keep earning money till we get old. When unexpected thing happens, we need our finance to be ready, especially our health issues that keeps increasing. Having insurance in place provides a safety net, ensuring unexpected payment are covered without worrying about the financial implications.

The concept of "preparing an umbrella before it rains down" captures the essence of insurance. By investing in insurance coverage while we are healthy and financially capable, we are safeguarding ourselves against potential hardship in our old age.
1088  Economy / Economics / Re: Entrepreneurship and women on: November 26, 2023, 11:45:25 PM
the world of entrepreneurship is not related to gender because anyone can have the opportunity to become an entrepreneur. it's all related to privilege, motivation, ability to analyze and look for opportunities. for example, where i live, the average business owner here is a woman, this is probably because most women here have rich parents who can pay for their children's education and provide capital for business, so more women have the courage to open businesses and become entrepreneurs.

so it all depends on a person's motivation, opportunities and privileges, not depending on their gender.
I also see it that way, because at the level of motivation and ability these are things that are quite basic for every entrepreneur so that anyone can do it when there are these two things at such a strong level. And it also makes sense that in your area there are more women who are entrepreneurs and it doesn't mean that men there don't like to be entrepreneurs. It's possible that men there are still hampered by capital, motivation and their ability to manage a business, so there tend to be more women who want to do this than men in your area.
The prevalence of female entrepreneurs in some regions highlights the influence of privilege and opportunity in shaping entrepreneurial endeavors. When women have greater access to education, financial support, and societal encouragement, they are more likely to embrace entrepreneurship as a viable path.

Disparities based on gender in entrepreneurship persist globally. Cultural norms, societal expectations, and gender biases often hinder women's entrepreneurial aspirations and limit their access to resources and opportunities. While motivation and ability are fundamental qualities for entrepreneurs, they are not always evenly distributed across genders. Societal conditioning and gender stereotypes can influence individuals' perceptions of their own capabilities and entrepreneurial potential.
1089  Economy / Economics / Re: World changing and those who don't adopt this Will stay poor on: November 26, 2023, 11:36:56 PM
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Well we can contain the changes in the environment, even without crypto we know that CBDCs are coming, it is just that crypto is being involved in CBDCs because they have the same nature but there are a lot of differences when it comes to application. Adoption is constant, if you don't adopt you'll get left behind. Now these 2, I believe, are in the same context but sitting far from each other.
Both cryptocurrencies and central bank digital currencies (CBDCs) are digital forms of currency that can potentially be used to address environmental concerns. Cryptocurrencies are decentralized digital currencies that are not controlled by any authority. They are seen as a more environmentally friendly alternative to traditional fiat currencies, because they dont need the same level of transaction processing that traditional currencies do.

CBDCs are digital currencies that are controlled by central banks. They are a more direct and efficient way to manage the money supply. they have a higher environmental impact than cryptocurrencies, because they will require the use of traditional banking infrastructure. these are just general trends, and there is significant variation among them. the environmental impact of both will change over time, because technology always evolves.
1090  Economy / Economics / Re: Economists advise caution in trading in Bitcoin currency on: November 26, 2023, 11:07:09 PM
he fears that he may not be able to make money if everyone sells while he bought the BTC at a high price. economist wants the price to be stable like it's a controlled market. so yeah it's understandable that economists are afraid. investors losing money after investing in an asset they think would make them profit is a disaster. but this is if they think about the value in USD but if they think about how much satoshi they hold still, nothing is lost but the value in USD.
Economists generally favor stability and predictability in financial markets, because these conditions promote economic growth and investor confidence. The fluctuations of bitcoin's price can cause uncertainty and anxiety among investors, leading to panic selling and market crashes.

Economist see a controlled market with stable prices is more conducive to economic stability and sustainable growth. Sudden price swings can disrupt economic activity and erode investors confidence. Economists concern about the potential for bitcoin to become a harbor for speculative investments, rather than a genuine medium of exchange. When bitcoin's value is perceived as being driven primarily by speculation, it can lead to bubbles and market crashes.
1091  Economy / Gambling discussion / Re: Gambling with crypto because taxation makes no sense? on: November 26, 2023, 10:48:52 PM
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We cannot possibly conclude that moving countries to avoid taxes, but crypto gambling is the solution to all taxation problems, licensed crypto gambling also has no problems with taxation so we need to avoid fiat gambling because they determine too high a tax on every winning bet. Actually I don't have a problem with taxation as long as they don't determine the high percentage that must be paid to the government, but 30% to pay taxes is unreasonable and any casino that deducts high taxes should be abandoned, they should switch to cryptocurrency gambling that does not limit high taxes from every bet.
The taxation of cryptocurrency gambling winnings varies depending on jurisdiction. In some countries, crypto gambling winnings may be treated as income and taxed accordingly, while in others, they may be exempt from taxation. It needs to understand the specific tax implications of crypto gambling in your jurisdiction.

While crypto gambling may offer some potential tax advantages, it's essential to approach the situation with caution and consider the regulatory uncertainty, and KYC risks, and potential tax consequences. Explore licensed crypto gambling platforms, diversify your gambling activities.
1092  Economy / Gambling discussion / Re: Easy with unusual/strange gambling sites on: November 26, 2023, 10:42:15 PM
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I agree.As long as I am happy in the casino where I play and that casino satisfies all of my desires with having instant withdrawals,huge amount of slot games,sport betting sport book,giving weekly and monthly bonuses no matter how many ads I see through my surfing in the net I would have 0 motivation to go and register to such site.

Why should I go to a new site when the old one is giving me everything I need?I see no point in doing so unless the bonuses are better and even so I have to wait to see some good reviews before jumping on board,it is all against me in theory so I stick to my preferred websites.
Familiarity and comfort play a significant role in our online experiences. But I think it's reasonable to consider exploring other options, even if you're happy with your current casino. It's always wise to compare and contrast different providers. Exploring other options allows you to assess their security protocols, customer support responsiveness, and overall reputation in the industry.

The online gambling landscape is constantly evolving, with new features, technologies, and game variants emerging regularly. By exploring other casinos, you'll stay updated on the latest advancements and potentially gain access to innovative gaming experiences that weren't available on your current platform.
1093  Economy / Economics / Re: No Correlation Between Academic Success and Financial Success on: November 26, 2023, 10:12:12 PM
In my opinion ,study is important and without knowledge we can't do anything in life. Financial knowledge is important and academic knowledge is also important in life. Because education opens mind and person can think out of the box. Financial knowledge is important because money in important in life and without money there is no value of man in life. But academic education gave many things to country. Without education,you can't learn how to speak and when to remain silent. We can read anything and we can lead any team ,any kind of team but many Enterpreneur  disrepute academic education but in my opinion that is not right. Only hard working persons are successful in life either they are educated or not.
Some entrepreneurs may have achieved success without formal education, their stories are mostly wonderful rather than the norm. Academic education provides a strong foundation for success in various fields, and it often provides serves a springboard for entrepreneurial ventures.

Financial knowledge empowers individuals to make informed decisions about their finances, manage their money effectively, and achieve their financial goals. With financial literacy, we can navigate the complexities of the financial world.

Academic education is essential for success in various aspects of life. It provides us with a broad base of knowledge and skills. It develops our critical thinking abilities, problem-solving and communication skills. Academic education opens doors to career opportunities, enhances our understanding of the world, and fosters personal growth.
1094  Economy / Economics / Re: Economists advise caution in trading in Bitcoin currency on: November 26, 2023, 07:59:22 PM
Bitcoin is a highly volatile market.
The Bitcoin price All time high is near 70k$. I think no one is expected about price. Because the previous all time high is 20k$. Now, what is the next all time high, target?. No one know about it. But Bitcoin is being popular day by day. So, must hold some Bitcoin in your wallet. Because it will give you massive profit in the upcoming years.

volatile is one of the habits that Bitcoin can not do without that is what creates a balance so to some extent the fall and rise are important and the next bull run of all time will or might hit 100k or more since there is always an increase in all-time high definitely there will be an increase on this, from the explanation give started from 20k and the 70k then the next will also be huge, with this self you should know that holding and having patience is just the best.
Volatility is an inherent character of bitcoin, That's a factor that contributes to the long-term growth potential. The up and down cycles of Bitcoin have been a source of both excitement and concern for investors, but they also provide balance supply and demand, preventing the price from becoming too inflated or too deflated.

The history of bitcoin suggests that all-time highs are followed by periods of correction, but these corrections have always been followed by renewed growth. This pattern suggests that the next increasing price could push the price to the new high. Of course, past performance is not necessarily indicative of future results, and there are no guarantees that bitcoin will continue to appreciate in value.
1095  Economy / Economics / Re: You are the product. Corporations spying on us deeper than we thought? on: November 26, 2023, 07:41:58 PM
It can be said that we will have no way to avoid them eavesdropping and collecting our information because that is the way for them to generate income and create products that they call providing us for free. And you are right, the only thing we can do is to avoid using unofficial apps and illegal apps to avoid unwanted problems. As for official apps, we should feel completely secure when using them and of course, they are collecting our information and we should accept that.
In this digital era, it's almost impossible to completely eliminate the collection of our personal information by companies and organizations. Data has become a valuable commodity, and many businesses rely on it to generate income and develop new products and services.

we can utilize tools and technologies which regard more on users' privacy, such as encrypted messaging apps, VPNs and browser extensions that block trackers and cookies. These tools can help create a more secure and private online experience. it's a balancing act between using the digital services we rely on and protecting our privacy.
1096  Economy / Economics / Re: strange indicators to know economy is bad on: November 26, 2023, 07:22:27 PM
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Massive layoff of workers is an important indicator of an ailing economy but this is usually caused by companies going bankrupt. When the economy there will be less patronage from the citizens because they have less doubt to spend. Local producers might not be able to compete with competitors outside the country this will lead to the crumble of many businesses.
Massive layoffs are indeed a concerning sign of economic distress. When companies are forced to let go of their employees, this indicates that they are struggling financially. This can make a ripple effect to the economy, because it reduces consumer spending and further strains businesses that rely on those laid-off workers as customers.

The inability of local producers to compete with foreign companies can intensify the economic downturn. We are In an era when local businesses face fierce competition from companies in other countries. If local producers cant match the prices or quality of their foreign counterparts, they may lose customers and struggle to stay afloat.
1097  Economy / Economics / Re: this makes a huge impact on the economy. on: November 26, 2023, 07:01:54 PM
In my opinion, no matter how much someone earns, if they don't manage their expenses well, they will certainly not have enough for their needs so they will have to take out loans to cover the shortfall in what they need, so it is important for everyone to have a record of their expenses so they can see whether they are have been able to use the income they have properly or not and if not then it is necessary to improve it.
Shopping for basic necessities at the grocery store can reduce the expenses we have a little and we can also buy them for a month's needs and this will save us time to buy the necessities we need every day.
Financial discipline and proper expense management are essential for achieving financial stability and long-term goal. Regardless of one's income level, if expenses exceed income, financial difficulties will inevitably arise. Maintaining a detailed record of expenses provides valuable insights into one's spending patterns and helps identify areas where adjustments can be made.

Shopping for groceries for a month's worth of needs is a practical strategy for reducing expenses and saving time. This approach helps minimize impulse purchases and ensures that essential items are always on hand, avoiding the need for frequent trips to the grocery store.
1098  Economy / Economics / Re: Life is cheaper with Bitcoin and cryptocurrencies in general on: November 26, 2023, 06:54:23 PM
This experience I coined from the current economic hardship my country is going through.
The naira lost significant value against some other major fiat currencies, most especially the dollar, this has made things in the country very expensive, which has also made life very expensive to live here in Nigeria.
Indeed, we are now so confused by the current conditions whare all basic needs are rising and expensive and currency devaluation can occur at any time and can cause inflation and this cannot be avoided.
The devaluation of the naira has indeed led to a significant increase in prices for essential goods and services. This makes things more difficult by the fact that inflation is also on the rise, further eroding the purchasing power of the naira. I believe this is also faced by many countries around the world are facing similar issues, driven by factors such as the global pandemic, geopolitical tensions, and supply chain disruptions.

Governments of developing countries need to reduce reliance on oil exports and developing other sectors, such as agriculture, manufacturing, and technology, can help stabilize the economy and reduce vulnerability to external shocks. all these can lead to open job opportunities and purchasing power of the populace.
1099  Economy / Economics / Re: if you think 18k btc is low wait until autumn ... on: November 26, 2023, 06:27:52 PM
Prices are harder to define and determine even more when it comes to cryptocurrencies, they are exceptionally volatile, and are more driven by the emotions of the market compared to logical and tangible factors unlike stocks and bonds. I oftentimes say that the only advantage expert traders have against newbies is that they get to choose which coin to invest in and newbies are just there to wait, and that is the truth in this industry more often than not. Although this doesn't mean that traders should just go apeshit on whichever coin they want and not learn fundamentals anymore.
The cryptocurrency market is indeed highly volatile and driven by emotions, making it more challenging to predict prices and make informed investment decisions. Expert traders have an advantage over newbies in that they possess a deeper understanding of market dynamics, technical analysis, and fundamental factors that influence cryptocurrency prices.

However, even experienced traders cant guarantee success in this volatile market. The emotional nature of the crypto market often leads to irrational exuberance and panic-driven selling, causing significant price swings. This unpredictability makes it difficult for anyone, regardless of their expertise, to consistently make profitable trades.
1100  Economy / Economics / Re: It ain't meant to be easy on: November 26, 2023, 06:20:46 PM
This doesn't only apply to the forum but to every aspect of life.
Take a business for example.
The goal of a business is to make a profit but you can't make a profit if certain things are not done right. If you just pursue profit without thinking about other factors, your business will fail.
Yes profit is the motive of every business man or woman. But when you focus only on profit without outlining the risk assessment or analysis that would help you, you'll definitely fall. Like (1) lack of business orientation (2) lack of feasibility study (3) mismanagement of funds and taking everything common, Can lead to business collapse.
Profit is undoubtedly a driving force for businesses, but it should never be the sole focus. Entrepreneurs should be careful consideration of potential risks and a thorough understanding of the business landscape, the pursuit of profit can lead to disastrous consequences. Entrepreneurs should be able to increase their chances of achieving sustainable success and avoiding the pitfalls that lead to business collapse.

A basic understanding of business principles and practices is an advanced key of success. Without this knowledge, entrepreneurs may make uninformed decisions that jeopardize their venture. They may fail to identify market opportunities, mismanage finances, or overlook critical legal and regulatory requirements.
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