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1461  Other / Archival / Re: Don't worry, bitcoin is cyclical on: October 22, 2022, 04:04:48 PM
In addition to the price component, it is also worth considering that bitcoin is also cyclical in terms of revival and burial in the media. Bitcoin is praised every time it makes another price record and buried when it loses most of its value. One can easily trace the history of such statements, which stretches back to 2011. Here is the first statement that bitcoin bubble burst Cheesy
The media has a role in playing the issue as desired, but it seems they fail to dispel bitcoin to grow and develop, although not all media try to voice negative or positive things towards Bitcoin.
Freming is made according to needs, commands and follow the developing trends, while the impact can not connection with the news they issue, which is why many media make narration that is not in accordance with the factors on the ground.

The phenomenon of bubble burst is an economic growth or market value, especially the price of assets followed by a rapid decline in value or contraction. Bubbles are generally caused by a surge in prices by high market behavior, so that a narrative appears tailored to the needs. But Bitcoin has found a way to continue to grow and achieve values ​​outside of predictions at that time.

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More than 11 years have passed since then, and bitcoin is bursting, bursting, it still cannot burst. Cheesy Soon the cycle of falling will end, the cycle of recovery and growth will begin, then history will repeat itself and we will see a similar headline again.
This is the reason the cycle works in accordance with the process that is running, growth and recovery will repeatedly, to reach the explosion of prices such as when achieving ATH.
Similar titles, the same narrative and the effects that will be caused will experience contractions, more than 11 years we watch this.
Don't worry and don't need to panic.
Hold and buy more, then we will go to the moon
1462  Economy / Gambling discussion / Re: Premier League Prediction Thread 2022/2023 on: October 21, 2022, 07:50:44 PM
It’s just few minutes now into the match and Manchester United are doing pretty well to dominate the game with much shots on target.
The Perfect Victory for Manchester United, this positive result will be a big capital for them to face chelsea and this is the first time manchester united showed an attractive game, defense and attack they tried to build very impressed and measure Interesting and not boring.

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Cristiano Ronaldo was not started today even though he performed well in the previous match. The line-up for today’s match for Manchester United are doing pretty well and can do better without Cristiano Ronaldo. With much pressure on Tottenham now, if defense is not well tightened, they might concede a goal before half time.
Although Ronaldo's goalscoring instincts have declined and are almost certainly invisible, Ronaldo should be given more time to play, as Erik Ten Hag said earlier in the season, that Ronaldo is part of a project the coach is building. But in reality, Ronaldo is still kept and played on the bench, only in the Europa League Ronaldo has more playing time.

Of course Ronaldo was very angry and left the field before the game ended, a lot of news circulating in the match against Chelsea Ronaldo will not be included in the line-up, this move will clarify Ronaldo's fate in the transfer market going forward.
1463  Other / Archival / Re: Don't worry, bitcoin is cyclical on: October 21, 2022, 06:02:56 PM
Just another reminder that the bitcoin market is cyclical, and everything that we are seeing with bitcoin now has already happened before and the necessary lessons should be learned from this:
That means the loop of time and the iterative sequence is bitcoin's journey through a true cycle, like a wheel spinning and centered on the same axis.
Bitcoin has shown a long process since its introduction, the growth of bitcoin has increased quite rapidly from time to time. The theory from the picture you show, is the basis for introducing bitcoin for beginners and should be a reference for the bitcoin cycle, so that beginners don't panic when bitcoin finds its correction again.

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There is no eternal bull run, just like there is no eternal bearish trend, so a dump is always followed by a pump. This was well shown to us by the cycles of 2014 and 2018. Now the market is dominated by bears, but sooner or later it will end and recovery and growth will begin:
Almost not much different from the journey of one's life in this world, meaning that the process of turning the wheel will continue in our lives, even though distance and time may not match and have differences.
I mean, the process of a dump or pump is a cycle process that rotates, sooner or later it will return to the recovery stage and the next bitcoin growth will continue to rotate according to the increase.
Where from 2014 to 2018 is a long process that will make references as reinforcement of the facts.

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The low price of bitcoin is not a reason for panic and concern. This is the rare opportunity to buy cheap bitcoins.
Once again.
The price of bitcoin can not be predicted clearly, this is the other side that makes bitcoin easier to accept, because certainty is another form beyond human thought. The approach or adoption of bitcoin is much more scalable, once one begins to understand it, but that doesn't mean the low bitcoin price is an excuse for panic.

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If you miss this moment now, then next time it may not be presented very soon.
A correction is a time to buy, not to sell. Don't worry - just HODL (or buy more). Smiley
What's interesting about bitcoin is here, buying at a time of correction or at a low price is a promising investment preparation step. The moment of correction must be fully exploited, otherwise we will lose the opportunity to start.
Worry is something not to be afraid of, make friends with worry so that we can know the other side of the advantages of bitcoin.

Wait and buy more
1464  Other / Beginners & Help / Re: [Merit] Share your best posts/threads with Fillippone to be merit assessed on: October 21, 2022, 03:46:21 PM
Re: Bitcoin 13 years ago
Category: Good reply
Section :  Bitcoin Discussion

Re: What is Inflation? A Crash-Explanation
Category: Good reply
Section :  Economics

Re: The whole tipping culture in western countries is unfair and totally wrong
Category: Good reply
Section : Economics

Re: Bitcoin vs Altcoins?
Category: Good reply
Section :  Bitcoin Discussion

Re: The Economic Formulas For Future Food Shortage
Category: Good reply
Section :  Economics
1465  Economy / Gambling discussion / Re: Premier League Prediction Thread 2022/2023 on: October 19, 2022, 07:20:57 PM
>Snip
The most interesting is the Brentford match against Chelsea, considering the chance to catch three points from Tottenham, Chelsea are in good form, they have been consistent in the previous five games.
Forty-five minutes of normal time had ended, Chelsea and Brentford still unable to score, surprisingly Conor Gallagher had to be withdrawn and replaced by Mateo Kovacic in the 15th minute. If you look at last season's Chelsea were beaten 4-0 by Brentford at home, even this season they were also able to beat Manchester United with a landslide score of 4-0.
It will be an interesting game, but I think Chelsea will be able to play well and continue the positive trend in this game.

The match between Manchester United and Tottenham. What do you think?
1466  Economy / Economics / Re: The Economic Formulas For Future Food Shortage on: October 17, 2022, 06:56:01 PM
Please consider the following.

Fossil Fuels

  • Most nations import food from regions outside their borders, making them dependent on stable fossil fuel prices to maintain shipping costs
  • When the price of oil rises and shipping costs inflate, the additional costs are passed on to consumers in the form of higher food prices
  • Chemical fertilizers, herbicides and pesticides used in commercial agriculture are often derived from natural gas
  • Rising chemical gas prices can greatly elevate the cost of fertilizer, herbicide and pesticide
If discussed at length regarding this issue, then the available writing fields will be sufficient to accommodate analysts and statistics.
In fact, people tend to ignore the issue of food which can be produced by themselves, so that only for the needs of chili, onions and others must be exported, even though the available plots of land allow this to be done by each individual.

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Climate Change

  • Global warming gives us hotter summers, while another climate change phenomenon known as global dimming (airborne pollution particles blocking or reflecting sunshine) gives us colder winters
  • Flooding floods crops and harvests
  • Drought makes water scarce, increasing the price of water needed for agriculture
Regulations relating to oil are contained in government regulations, this is difficult if faced with the resolution of the people, because the highest authority is in their policies, but unfortunately they are not there to protect the people.
The oil subsidies given to the poor are not in accordance with the recipients, so that those who take advantage of the subsidies return to those who can afford it.

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Economic Downtrend

  • Liquidity and credit can dry up in economic downturns making it more difficult to sustain agriculture operations in times of crisis
  • Many farmers do not own their farmland and make monthly payments which can be destabilized by rising interest rates and inflation
Chemical fertilizers, herbicides and pesticides are not very good for health, many health problems arise from this.
If the government wants to develop organic fertilizer, then health and scarcity will be answered by itself.
In some countries it can be a representation of agricultural products using organic fertilizers and yields are also quite good.

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It seems clear we have future agriculture issues.

Perhaps governments of the world could further subsidize agriculture production to incentivize markets against higher fossil fuel prices, climate change and other negatives. But there is a considerable lag time for growing food that is measured in months from seed planting to harvest. If shortages arise, it would take a minimum of months to address them.

From past history we know food shortages are a massive ecological disaster. Hungry people try to eat grass, leaves and random things growing in the wild. Destroying forests and nature.

I hope everyone realizes getting in early and preparing is the best strategy for mitigating these types of potential disasters
It is clear that this is the biggest problem that we will face in the future, as well as a catastrophe that could explode at any time. The human ecosystem will be affected by the capacity of agriculture, if the available land decreases, then what will happen to our children and grandchildren.
Human growth is increasing, agricultural land is decreasing, this will have quite an impact on human survival on earth.
Not to mention talking about the climate, which is being destroyed intentionally by irresponsible people, forests are cut down, global warming is happening everywhere and major disasters continue to hit the world.
What solutions can be done by our children and grandchildren later, if today no one starts thinking about it.

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Don't sit and wait thinking governments will save you
Yes, the biggest mistake is just hoping the government comes to our rescue, if today we don't start limiting the sale of agricultural land, making organic fertilizers and other problems with global warming, deforestation and other things related to the destruction of the entire existing ecosystems.
We can do this together, individually, in groups and in collaboration with a government that cares for the people, if we don't start today, our children and grandchildren will feel a fairly severe impact on the destruction of this earth.

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While agriculture and plants are one food option. There are definitely others. Its easier than ever to farm fish and shrimp within a small area.
It is also a good time to learn to hunt and fish. Or find places where there are food sources growing naturally in the wild.
If this is not maintained properly, it is not impossible that food, plants, fish will also look scarce in the future, when the forest is damaged, the sea is filled with garbage that can cause the ecosystem in it to die, then no human can guarantee its survival.
Food that grows naturally in the wild, only able to accommodate how many percent of humans, whether later we will become zombies that eat each other.

It is not impossible that this will happen, if nature, forests, and the sea are no longer protected.
Human awareness must really grow in guarding this problem, otherwise it will be a big disaster for our children and grandchildren later.
1467  Economy / Gambling discussion / Re: Premier League Prediction Thread 2022/2023 on: October 16, 2022, 04:12:47 PM
Both Manchester United and Newcastle are playing good football. Manchester United are supposed to get some goals before now but the problem they have is how to put the ball at the back of the net.
That was also the major problem when they played Europa League midweek. If Manchester United really need to be at the top four of the English Premier League this season they have to fix their striking problem and find ways to score goals.  It is more worrisome because Martial is not in the team.
Manchester United's biggest problem now, they have no solution in scoring goals, usually Marcus Rashford always appears to score in these conditions, but in their last two games Rashford has not been able to do that, apart from Martial who is still injured, Ronaldo and Antony has not been able to give his best in two games for Manchester United.

Manchester United could control the game well, but they struggled to score chances. During the match Manchester United only got 5 Shots Off Target and one of them was Shots On Target. Manchester United players had to fight hard to dismantle the Newcastle defense, which played very tightly, until the 78th minute Manchester United had not managed to break the deadlock.
Newcastle, who have performed well this season, are very troublesome for Manchester United players, they are able to withstand all attacks from Manchester United players well. Ten Hag will have to change his plans to dismantle Newcastle's defense so they don't drop points at Old Trafford.
It will be a tough task for Erik Ten Hak in the next match, besides not being able to score goals, there are also many selfish Manchester United players, especially the strikers.
Many balls cannot be used properly, so the opportunity to score a goal is wasted.

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Chelsea have increased their lead to 0-2, Mason Mount became Chelsea hero in this match with two goals he scored. For a while Chelsea have been in a safe position because of the victory they got by more than one goal, as of this writing I have no signs of Aston Villa being able to reduce the position. If Chelsea manages to close the match with a win, while in the other match Manchester United fails to get full points from Newcastle, then Chelsea will be further away from Manchester United who is one rank below.
Chelsea is getting better from every game, since the coach was taken over by Graham Potter Chelsea have grown so much, from the previous three games they always get a win.
Mason Mount got his name on the scoreboard with two goals, a very beautiful win for Chelsea fans.

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Immediately correct your post, we do not accept local languages here.
Thank you very much, I have corrected

The match is about to end and ManU just shows a very bad performance in attacking.  Especially CR7 is pursued by bad luck!  I bet on a win but it will definitely remain a draw.
A draw looks good for Newcastle United, but unfortunately Manchester United are getting left behind in the race for the top three standings.
For the time being Manchester United is in 5th place with 16 points, 3 points difference from Chelsea, 7 points from Tottenham Hotspur.

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But Arsenal continue to show a good performance, which makes me very happy! I hope City lose points today to give Arsenal some space for the first place
0-1 victory over Leeds United was enough to maintain the standings, Arsenal have shown very positive results this season, although not yet half the season has lasted.
Arteta managed to make the young squad consistently win, so they were able to rank first in the Premier League.
1468  Economy / Gambling discussion / Re: Premier League Prediction Thread 2022/2023 on: October 16, 2022, 02:06:27 PM
Manchester United versus Newcastle United is coming up this Sunday earlier before the main stunner of the day which is Manchester City versus Liverpoo.  Manchester United appearance made the fans seems to be very happy because Ronaldo is listed in the starting 11 as he is leading the attack of the match against Newcastle United.
Success to Cristiano Ronaldo
Success to Manchester United.
Until the first half ended Ronaldo and his friends had not been able to break the deadlock to score goals. Manchester United's performance is not impressive, often loses touch of the ball on the field, Fred is not able to replace the role of Cristian Eriksen who is not in the Line Up tonight, in attack there are still too many opportunities to waste, many passes that should be given, instead wasted with shots that not on target.
On the other hand, Newcastle played quite well and neatly on the field, until the first half ended they were still able to defend well and were able to build an attack that endangered Manchester United.

In other games Chelsea and Southampton took the lead in the first half.
Aston Villa vs Chelsea 0-1
Southampton vs West Ham United 1-0
1469  Bitcoin / Bitcoin Discussion / Re: Bitcoin vs Altcoins? on: October 15, 2022, 04:24:22 PM
I first got into crypto in February this year however did not start investing in Bitcoin until June after the crash as I felt it was too expensive until then.
This is also felt by many people, the constraint of investing in bitcoin because it involves an expensive price.
But don't worry, I have a way to speed up your desire to buy bitcoin, all you have to do is monitor market conditions, buy in small quantities that you think are sufficient, when bitcoin is at a standard price, then sell in the near future when bitcoin experience improvement and do it over and over again until you have enough capital, but the concept must be consistent.

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I have been DCA now since June and my average buy is £17,100 and I have 6% of a Bitcoin which I know is not much but I have been taking it slow and feel it is slowly growing whilst buying at these lower prices.
This is correct and do it consistently until your target is achieved, I have been doing this for the past year.
growth delay is better, but has a degree of stability, so that your investment space can work, people who have little capital must have a way to get around it.

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I watched a clip on Youtube earlier saying how Bitcoin is great however it is limited in terms of profit potential and it got me thinking if I should keep DCA into Bitcoin or sell it all and put into Altcoins that are likely to return much more over the next 2-3 year.
Limited profits are caused by a small authorized capital when you start investing, and Altcoins are more volatile you need to know, start learning consistency, preferably small but can increase slowly.
All decisions are yours?

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I mean how high can Bitcoin realistically go in the next 2-3 years? £150k maybe which would be less then 10x compared to other altcoins that can 20-50x when the bull run returns.
Depending on the market reaction and the yearly cycle that will occur, the math can shift in the investment formula.
The concept of investing is not as easy as people say and it's the same with Altcoins you mean if a bull run occurs.

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Just wondering if everyone invests in Bitcoin or is it worth just focusing on strong altcoins that can 20-50x in the next few years?
This question is still relative, if many already know how bitcoin works and can provide benefits, then the answer must be choosing bitcoin.
And also there is nothing wrong if people prefer Altcoins, it's just a matter of taste and financial ability to take a role in Bitcoin and Altcoins.
But if you ask me, the definitive answer is bitcoin.

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I know I have got into Bitcoin at a good price but just feel while altcoins are currently 85-95% down from all time high may be better making the most of that rather then being safe with Bitcoin and not seeing much return.
Try both at the same time, but make sure the altcoin you are aiming for has the strength to stay in the market.
As a reference for decision making, you will not be able to avoid bitcoin for now and in the future, because bitcoin is more promising than altcoins, although both have a degree of risk involved.
Just look at the growth of bitcoin to date, Many people, companies and groups have made bitcoin a promising asset and investment.
Then where were you when the three people I mentioned earlier had successfully invested in Bitcoin. Personally I've increased my investment in bitcoin, although slowly and adjusting the capital I have.
1470  Economy / Gambling discussion / Re: ⚽UEFA Europa League Discussion Thread -- 2022/23 | Group Stages on: October 15, 2022, 03:04:16 PM
Arsenal is not a mid-table club, despite the fact that we both know how Mikel Arteta's impact has changed the club. Arsenal is one of the best clubs in England, and they are not only interested in trading players for money or profit.
Reviewing Premier League history prior to Arsene Winger's last two seasons at the club, Arsenal was consistently funded in Champions League every season, and they were always far above group stage.
We are more interested in saying that, because from a few seasons ago they were only able to finish in the top four or five, although in reality it is not quite right to say that.
But now I almost remember Arsenal's glory days, where Thierry Henry was a very important player at that time, this season Arsenal started to develop quite well and almost could compete with big clubs in the English league.
However, we want to see Arsenal can play consistently until the end of this season. Otherwise, they are still the same as the previous season.

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Yes, Arsenal have changed their playing mentality, and they are now capable of competing for the Premier League and the UEFA Europe League as well. They are loaded with young players eager to play and win trophies for the team, and they are better than the Arsenal of a few years ago, as they prepare to resurrect the Arsenal of old.
Arsenal has set the vision of playing, the young strength that Arsenal has is more motivated to play and has better targets.
Arteta is the driving force behind this power, plus the support from club owners who are willing to spend money to buy players as needed.
In the past, Arsenal only relied on existing strengths, they only bought a few players who had not yet finished, but were polished and sold to other clubs, so the club felt that they benefited from the sales proceeds. At least this concept of thinking has disappeared at Arsenal, as evidenced in the last transfer market they dared to buy players beyond their previous capabilities.

This has not become any evidence from Artera, because the number of matches has not entered the half of the season. There is still a lot of work to be done to get Arsenal back to its former glory.
1471  Economy / Economics / Re: The whole tipping culture in western countries is unfair and totally wrong! on: October 14, 2022, 07:05:31 PM
This is something that I can't still understand, why is there so much pressure to tip in restaurant, in taxi, tip to the delivery guy, etc.
You seem to have misinterpreted the tipping, there is no emphasis on giving this, but one can choose who they will give it to.
Restaurants, taxis, delivery people are jobs that offer services, the tendency of people to give tips to these three classes of work is caused by the level of service satisfaction, so people consider it necessary to give a little tip as a reward, but its nature is not as pressure or obligation.

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The business model that restaurants have is that they pay very low salaries to their employees and get most of the profit in their own pocket. Why is it socially accepted in western countries? Especially in the USA and Canada?
And I don't think tipping the three jobs you mention, because their pay is low, this kind of thing has absolutely nothing to do with tipping.
In fact, I can assure you, the people who tip these workers don't know for sure what their salary is.
The nature of the tip is not a request made by the worker, so there is no reason to refuse a gift. Although this kind of culture is seen as not good in life.

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Instead of social pressure to leave tips, why isn't there pressure on business owners to pay them more?
Every worker knows the contents of the contract that is offered when they are accepted at the restaurant, taxi and delivery officer, with the consequence that they are willing to be paid according to the rules set by the company.
If the job doesn't feel right, then I don't think it's necessary to work there, in the area where I live it is very difficult to find work, things like this should not be ignored.

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Back again to each individual, and I think many people also refuse to accept tips, because they think this kind of culture of giving is not appropriate, if applied in social life. Thus we can conclude, that each individual will determine the problem of the recipient or not of the tip.
1472  Economy / Gambling discussion / Re: ⚽UEFA Europa League Discussion Thread -- 2022/23 | Group Stages on: October 14, 2022, 08:18:59 AM
Arsenal really looks good this season and I like what Arteta does in Europa League, playing mostly with first team players and giving a chance to few youngsters. Then rotating most important players in a way that nobody plays more than 60 minutes. That gives first team players a chance to not exhaust themselves while keeping them competitive to the maximum.
Arsenal's philosophy experienced a shift in terms of vision and mission of playing, before the coach was taken over by Arteta, Arsenal was just a mid-table club that played to profit from the sale of its players.
This season Arsenal are looking at the Premier League with optimism and dare to compete with top clubs, five seasons ago this philosophy was very rarely shown by Arsenal.
Arteta really understands the needs of the players he has, the strength of young players can make Arsenal one of the clubs to be feared, the Europa League is an experiment to rotate young players and it has been proven that so far Arsenal are still very consistent.

Currently Arsenal is still leading 1-0 but the rhythm of the game has changed a bit as Bodo Glimt are also pressuring them now to score a goal. Just few minutes to the end of the match, but the match is still unpredictable at this stage even though Arsenal has more possessions. A goal might still come out from any of the teams as they both have the potentials to score a goal before the game is over. Arsenal should rather be more defensive than attacking to avoid minimal mistake of Bodo Glimt equalising the match.
The style of play that Arteta developed at Arsenal did not use a defensive strategy, from the total number of matches they played there was not a single game that used a total defensive strategy. Arsenal played quite openly in various matches and proved to get maximum results, only one match that made Arsenal lose, namely against Manchester United.

However, in the match last night, Bodo/Glimt played quite well and neatly, even though Arsenal managed to control the ball.
So far we are very satisfied with Arsenal's achievements, although there are still many opportunities that have not been maximized properly.

It is over Arsenal still holding an unbeaten record I know that Arsenal did not force after winning 1-0 a smart way to avoid injury  Cheesy
And Arteta's rotation of players is going very well, this is an important note, that Arsenal have developed this season, although they have not shown consistency until the end of the half of the season.
1473  Economy / Services / Re: Roobet.com | Art Contest "Halloween Special" | $2850 Up for grabs! Ends Oct 31st on: October 13, 2022, 06:33:35 PM
Reserved
1474  Economy / Gambling discussion / Re: ⚽UEFA Europa League Discussion Thread -- 2022/23 | Group Stages on: October 13, 2022, 06:15:25 PM
Arsenal still maintain their last five match wins, Bukayo Saka scored a goal in the 24th minute utilizing an assist from Albert Sambi, this positive trend will continue if in this match they are able to maintain their lead. Arsenal's first half was more dominant in possession, the accuracy of the ball's passing by the players almost reached 85 percent for Arsenal and they were able to keep the rhythm of the game until the first half was over.
Additional goals for Arsenal are very likely, if you see their game in the first half. Thus Arsenal was able to maintain a positive trend in the last six games.
1475  Bitcoin / Bitcoin Discussion / Re: Bitcoin 13 years ago... on: October 10, 2022, 04:38:32 AM
In my view, it is still necessary to prove itself over time. 13 years is a long time, but for an asset to be more reliable it is necessary to prove itself in the face of even bigger crises than Bitcoin has already passed.
What more evidence do you expect from bitcoin's journey, isn't the long process you witnessed is enough to prove it, 13 years is no longer a short time.
The process of bitcoin's journey further expands its existence and even bitcoin is resistant to the crisis and inflation that has ever occurred.
The worldwide adoption of bitcoin is growing, although not everyone is involved, but the awareness of bitcoin's acceptance is growing at this time.

Not fully trusted with Tesla company have 48,000 Bitcoins depending how their advertising and promote with Dogecoin, I think they have invested much money in Bitcoin but last several months have issues about Tesla company have sold their Bitcoin assets. Not any specific about that news true or not but regarding many time Tesla announced about they have sold Bitcoin assets but one day later have news buy back Bitcoin.
It is not my duty and responsibility to prove bitcoin ownership in Tesla company.
What I mean is that bitcoin adoption and acceptance is becoming more and more widespread, even large companies have seen the opportunity to buy bitcoins as a step forward in adoption and investment, whereas some of the companies I mentioned are just examples of adoption and acceptance.

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Need to get valid information on internet about who and which one company have hold many Bitcoin in their wallet actually Tesla is new investor in Bitcoin trough price have been up, maybe if this company know with Bitcoin before 13 years ago make awesome and they will try hard how effective advertising and make Bitcoin pump drastically.
If anyone is serious about finding out what wallet they use to store bitcoins, then chances are we'll find out the real amount or so-called valid information. But it's not our responsibility to check it, at least we just want to convey to the OP, that bitcoin adoption and acceptance is so widespread and even big companies see this as the best opportunity.

So that there is no doubt for people to adopt and accept bitcoin, if at this time we do not take part, the bitcoin journey will increasingly make us fall behind in investment patterns and how to use them.
1476  Economy / Economics / Re: What is Inflation? A Crash-Explanation on: October 09, 2022, 05:36:14 PM
Inflation is quite a convoluted concept that involves money and currency, both objects that contains and retains its value because we believe so. It doesn't help that most economists provide lackluster explanations that doesn't really strike any thought towards the masses, the ones that should know most about this concept.
The increase in the price of goods and the money supply are both effects of inflation that will occur. Fundamental factors that influence the concept of inflation, through the interaction of supply, demand and exchange rates of international and local trading partners, although there are many other factors that can accelerate inflation, usually in these two areas inflation is more likely to occur.

To suppress inflation, the biggest target is to stabilize these two things, this can be done jointly, both the government and individuals and groups.

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For starters, unlike most economics teachers, we wouldn't use analogies, as those prove to cause even more confusion than help. We'll get straight to the point.
At the heart of any inflation problem is the emphasis on more potential problems, if basic needs are materials that must be met, then every head of household should be able to buy as much as possible and store it according to need.
The role of the government is also very important to reduce high prices to lower prices, by regulating the prices of basic needs in accordance with existing regulations in each country.

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Money has a value that we decided it should have, and that value always fluctuates depending on consensus when it is compared to different items or commodities, sometimes even different money. This isn't inflation.
The value of fiat currency will continue to change over time.
A simple example that we can easily analogize, let's say you used to buy a motorcycle for $983.99, but in the next four or five years $983.99 is no longer enough to buy a motorcycle.
This is what is called fiat currency going down and unable to maintain its value.
If the currency value category is defined as inflation, then this factor can be referred to as the inflation base.

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Inflation happens when the demand/supply equilibrium of money is disrupted through numerous causes. In simplest of examples, during the height of the COVID-19 Pandemic
More precisely this is the law of supply and demand in the economic system.
If supply and demand are not balanced, it is likely that the price of goods will soar higher than usual.
When the Covid-19 Pandemic occurred, basic needs jumped so high, without anyone being able to control them, including government authorities in this case, the so-called supply and demand law did not run normally during the COVID-19 pandemic, and this did not only happen in the United States, but almost the whole world is feeling the effects.

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Feel free to chip in more information you are most willing to share within this thread, or better yet, tell me how you and your family is being affected by today's inflation rate
In general, the impact of inflation that occurs on families in the basic material fulfillment sector, almost most households will experience difficulties in meeting food ingredients when inflation occurs.
Personally I have practiced rice storage during inflationary times which coincided with COVID-19, so the impact of inflation for me is not too big, although I can't completely control it, but to meet these needs I am not too worried and already in the category enough to stock up on a few time.

Based on this description, every head of household should be able to make provision for basic needs, thus this sector can be suppressed and will return to normal.
1477  Bitcoin / Bitcoin Discussion / Re: Bitcoin 13 years ago... on: October 08, 2022, 05:56:24 PM
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Makes me kind of asking myself where I was and what was I doing at this time 13 years ago
The adoption and acceptance of bitcoin is very different in 2009 until now, awareness of the use of bitcoin has grown like the blood that flows in our bodies every day.
Bitcoin has shown an extraordinary existence, not only in countries that have started to legalize bitcoin as a legal currency and means of payment.
Bitcoin's growth has reached another stage as a promising investment asset, with many companies starting to buy bitcoins using company money.

For example, news sources that I often read on the internet, regarding bitcoin ownership in companies and if there is no change in ownership.

  • MicroStrategy 121,044 Bitcoins.
  • Tesla 48,000 Bitcoins.
  • Galaxy Digital 16,402 Bitcoins.
  • Square of 8027 Bitcoins.
  • Marathon Digital Holdings 4,813 Bitcoins.
  • Hut 8 Mined 4,724 Bitcoins.
  • Coinbase 4,483 Bitcoins.
  • Nexon 1,717 Bitcoins.

Thus it can be concluded that Bitcoin has achieved a 100% success rate, when compared to its initial journey to date. Interesting!!!

How does this make you feel?
Almost can't feel anything, flashback to bitcoin in 2009. I also try to remember when bitcoin was so valuable and growing so fast, but in the end there was nothing to think about other than having to own it now.
And this would make us feel even more left out, if today were not to partake of bitcoin.
1478  Economy / Gambling discussion / Re: Premier League Prediction Thread 2022/2023 on: October 08, 2022, 03:36:33 PM
Just look at how the process of Manchester City's second goal made by Phil Foden. The main actor behind the beautiful goal was purely because of Kevin de Bruyne's intelligence. In the second half later, de Bruyne will also be the creator if Haaland scores. The captain of the Manchester City team in this match managed to spoil the three attackers played by Pep Guardiola.

Another Premier League game with Chelsea taking a 1-0 lead thanks to Havertz's goal in stoppage time (90+3) against Wolves.
We also watched the game go into the second half, Kevin De Bruyne played quite well in the middle of the field, Manchester City's strength was almost balanced in all positions. The process of the third goal occurred again, this time through a scheme that was built by Rodri and passed on to Riyad Mahrez.
We deserve to mention the Manchester City players have the same skill, because the game they showed was really collective in building attack, and finally Erling Halaand was able to add the advantage for Manchester City.

Christian Pulisic added to the lead for Chelsea, it was their third win since G. Potter took over if I'm not mistaken
1479  Other / Beginners & Help / Re: [Merit] Share your best posts/threads with Fillippone to be merit assessed on: September 30, 2022, 09:55:45 AM
Re: Fear is not Real
Category: Good reply
Section :  Bitcoin Discussion

Re: What your ideas about bitcoin adoption in the future?
Category: Good reply
Section :  Bitcoin Discussion

Re: Is Bitcoin a safe haven???
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Section :  Bitcoin Discussion

Re: A Secret to financial breakthrough
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Section :  Economics

Re: What crisis what food crisis ?
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Section :  Economics
1480  Bitcoin / Bitcoin Discussion / Re: Having losses? Or people are not going the right way on: August 31, 2022, 03:24:05 AM
The question when they enter the Altcoin market? here is the source of the problem
In other words, they themselves are looking for trouble. Like I said, that altcoins will not give maximum profit every time, especially since the market is in a correction condition.
There are certain moments that must be considered before entering the altcoin market, and even then on potential altcoins, because if you expect hype, we will definitely suffer losses.
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