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Showing 20 of 77 results by Guccho
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Topic
Board Economics
Re: what are the best ways to save cost?
by
Guccho
on 06/09/2025, 19:01:41 UTC
Only hold an amount in fiat currency that you will need to pay for your expenses and debt to be paid. Save the rest and exchange it into investments. This way you are avoiding fiat devaluation due to inflation. Meanwhile, reduce your living costs on its fullest, until you have a decent monthly income through your investments. Many people reject this concept, but that is the solution if you want to reach somewhere better on long term, otherwise you are just going to spend your entire monthly wage month after month for nothing...

Is it ideal? Should life work this way? Of course not. But there is a big difference between how it was supposed to be and how it really is, so we have to adjust ourselves to the harsh reality of our days. We don't have control over how society works, as we are just a little grain of salt, a small gear of the great mechanism, therefore we have to do the best we can on the micro sphere of our existence.
I believe you have described the reality quite well. Ideally, fiat is supposed to be a stable store of value, however with inflation eroding the purchasing power, just holding cash can be compared to watching your savings melt away. Spending the surplus fiat on investments crypto, stocks, productive investment, like land at least will provide an opportunity to keep ahead of inflation rather than fall prey to it.

Simultaneously, I would agree with you that living cost reduction is also a vital component of the strategy. It does not require living in poverty, but being taught to realise the difference between needs and wants is very significant. Not all people realise how little changes in their lifestyle (such as the need to cancel unnecessary subscriptions and to cook at home) can save some money, which can be invested.
One should also be able to diversify. Investing all in a single type of asset might not be a good idea, particularly in a volatile market such as crypto. Other individuals split the two the stablecoins and Bitcoin and traditional investment hence if one side underperforms the other can stabilise it.

Ultimately, you are correct, we are not able to alter the system of the macroeconomy ourselves, all we can do is modify our strategies to compete within this framework. The ones who evolve and create new lines of revenue to rely on and invest wisely are the ones who will come out of the monthly survival pattern.
Post
Topic
Board Economics
Re: The most important factor when building a business
by
Guccho
on 06/09/2025, 18:29:11 UTC
The most important factor to consider when starting to build a business is the target audience. You have to think of who would you want to cater to. Who are the communities that you may profit off of. Like for example if there is a school near you, you should know that students would be your target audience. You should start a business where students can buy materials from or a place they can study or even hang out around. I believe that if you studied your target audience, the first step of your business is already successful enough.
One thing is knowing the business you want to do very well most people go into business without carefully understanding how the business works because they see people doing it and become successfull and they decides to try and they end up not been successful. Another thing to site is your location location matters alot and your business will be what the environment can't do without and it should also be in a populated area so your business can grow fast, school environment is always a good location to do any kind of business.
I do agree with you because I know that your target audience is the key to any successful business. Otherwise it is just a kind of guessing. However, I would say the other two pieces that are frequently neglected are testing your demand and knowing yourself.

Many individuals think of a good location and then expect success, yet even in a school setting not all ideas are successful. To take an example, students might require printing services during exams but not heavily spend on it throughout the year. When you rely entirely on those peak periods as the basis of your entire business model, cash flow will not be stable. That is why it is worthwhile to pilot the idea with small tests perhaps set up a stand at the weekend or just take a survey of students on what they are actually spending per week.

The other important thing is to know what you have to offer and the business under the hood. People will imitate a model because they will see them making money but they do not know that there is a lot of hidden work. As an example, operating a small cafe close to a school might seem easy, but the margins are low, managing supplies is a challenge, and the competition is intense. Enthusiasm alone will not support the business without knowing these challenges.

Yes, audience and location are important, but with that combined with adequate research, small scale testing, and self awareness, the base will need to be more firm. Personally, I believe that is the way you minimise the costs of trial and error that drown most small businesses.
Post
Topic
Board Other languages/locations
Re: Pakistan
by
Guccho
on 06/09/2025, 18:17:52 UTC

السلام علیکم و رحمتہ و برکاتہ
Alhamdulillah aaj ka din noor o rehmat ka din hai.Allah Taala hum sab par apni beshumar rehmatain nazil farmae.Aur Ya Allah, is din ke sadqe me silab ke azab ko tham le.

Musiibat me ghire bhaiyon aur behnon ki madad farma.Humare gunahon ko maaf farma aur humein apni panah ata kar.

Hum sab ko NABI PAK(S.A.W) ki sunton par chalne ki taufeeq de.Un ki zindagi humare liye behtareen namoona hai.Humein un ki taleemaat par amal karne wala bana.Ya Allah humein duniya o aakhirat me kamiyabi naseeb farma.
Wa Alaikum Assalam wa Rahmatullah
Ameen sum ameen bohot khoobsurat dua hai bhai. Waqai aise din humein yaad dilate hain ke asli kamiyabi sirf Allah ki raza me hai aur Nabi Pak Sallallahu Alaihi Wasallam ki sunnat par chalne me hai. Musibat me ghiray logon ke liye dua karna aur unki madad karna hamara farz bhi hai aur imaan ki pehchan bhi. Allah hum sab ko amal ki taufeeq de.
Post
Topic
Board Beginners & Help
Re: Judge my security of how I created my Bitcoin wallet
by
Guccho
on 04/09/2025, 07:54:33 UTC
Well, you should be proud that you did much better than beginners, and you never used browser wallets, nor did you expose your seed on the Internet. The primary vulnerability here is that you stored all of this on a general purpose laptop using Windows and left it connected to the internet with years old files on it. With or without explicit malware, that surface area is large and random. To achieve greater peace of mind, most people ultimately transfer to a dedicated hardware wallet or at least a clean air gapped device to generate seeds. I like your concept of dividing money into two wallets having two arrangements, as this will decrease the risk at a single point. Keep in mind though that simplicity is also security and therefore do not complicate it to such an extent that you cannot pick it up later.
Post
Topic
Board Gambling discussion
Re: How quickly do you forget a loss
by
Guccho
on 04/09/2025, 07:06:34 UTC
I will like to know how quickly do you forget a painful loss and bounce back.
Personally, money doesn't move me so much, so I let go almost immediately in most losing cases. But I do not pray that I experience such useless days that I will be so emotional and lose too much that I can bear, it's senseless. Well, that was nature's difference. Our minds vary.

Whether it's your nature or not, the factor that should be considered is the financial status of the gambler. If the gambler earns regularly, has multiple streams of income, or is rich altogether, the ability to heal from the loss-induced hurt will be quicker than for the person who is either poor or has little.
I think  you are correct in stating that financial status is very significant in the rate at which a person is able to recover after a loss. When an individual is stable in terms of income or savings, he or she can heal both emotionally and financially much faster. But to a person with little money a minor loss can haunt as it directly impacts day-to-day needs. In the meantime, attitude matters as well. There are those who find it easy to lose and others who live on loss regardless of their wealth. The most sensible thing is to not take unnecessary risks that you can actually afford to lose in which case it becomes easier to recover the amount as well as the mind.
Post
Topic
Board Beginners & Help
Merits 14 from 1 user
Re: 🔥 Whale.io [CHALLENGE] Run A Bitcoin Node: 14 Days To 14 Merits
by
Guccho
on 29/08/2025, 06:27:18 UTC
⭐ Merited by NotATether (14)
Day 14
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}
Post
Topic
Board Beginners & Help
Re: 🔥 Whale.io [CHALLENGE] Run A Bitcoin Node: 14 Days To 14 Merits
by
Guccho
on 28/08/2025, 05:32:51 UTC
Day 13
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  "warnings": [
]
}
Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Guccho
on 27/08/2025, 09:40:26 UTC
  • Buying the Dip: Here you wait for price drops and then buy more when Bitcoin is more cheaper.
It would be wise to continue investing in the DCA strategy instead of waiting to buy the dip. I think if someone waits to buy a dip he may miss the investment, because no one can predict the price of Bitcoin. Now I think traders wait to buy dip, because traders buy at low price and try to sell at high price. But if one plans long term and invests in DCA strategy then there is no need to wait to buy dip, because investing in DCA strategy can buy at average price and take advantage of the opportunity to buy dip occasionally. So it is better to continue investing in DCA method without waiting for the price to fall.
The waiting of the perfect dip is the excuse of doing nothing. Nobody can tell you when the bottom will start, and staying hooked to it will net you considerably less Bitcoin. Serious investors do not yard the market, they construct.

DCA hedges your cost basis and provides you a cushion against volatility. You buy weekly or monthly and over time your average price will always outperform the man trying to guess each move. Dips are not a cue to wait to them as a cocktail offer a greater opportunity to stack.
Post
Topic
Board Economics
Re: Skill or educational certificate
by
Guccho
on 27/08/2025, 09:25:13 UTC
Skill is good and educational certificate is also good. Having any of them can actually put food on your table, but the question is which of them will you let go for the other. I mean education can get you a white collar job the same way a skill can too. For me i will let go of the skill because skill without basic education is not good at all. Because I have seen a situation whereby a guy with  good skill who got a job was unable to give quotation and he lost the job .Formal education is good for everyone.
I think  education and skill are both significant and in the modern world, skill often proves to be much more useful as it demonstrates what a particular person can do. A certificate may bring you into the room but your competence is what will sustain you there Having said that, at the same time basic education is required as it assists you in communicating correctly and dealing with professional scenarios. In my case, I would place a priority in skill but still keep education as a sustenance since when both are combined, a person is stronger in the long term.

Post
Topic
Board Beginners & Help
Re: 🔥 Whale.io [CHALLENGE] Run A Bitcoin Node: 14 Days To 14 Merits
by
Guccho
on 27/08/2025, 09:21:18 UTC
Day 12
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  "automatic_pruning": true,
  "prune_target_size": 1999634432,
  "warnings": [
]
}
Post
Topic
Board Beginners & Help
Re: 🔥 Whale.io [CHALLENGE] Run A Bitcoin Node: 14 Days To 14 Merits
by
Guccho
on 26/08/2025, 13:58:29 UTC
Day 11
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  "warnings": [
]
}
Post
Topic
Board Beginners & Help
Re: 🔥 Whale.io [CHALLENGE] Run A Bitcoin Node: 14 Days To 14 Merits
by
Guccho
on 25/08/2025, 14:23:07 UTC
Day 10
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  "warnings": [
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}
Post
Topic
Board Beginners & Help
Re: 🔥 Whale.io [CHALLENGE] Run A Bitcoin Node: 14 Days To 14 Merits
by
Guccho
on 24/08/2025, 12:09:47 UTC
Day 9
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  "prune_target_size": 1999634432,
  "warnings": [
]
}
Post
Topic
Board Beginners & Help
Re: 🔥 Whale.io [CHALLENGE] Run A Bitcoin Node: 14 Days To 14 Merits
by
Guccho
on 23/08/2025, 17:35:02 UTC
Day 8
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  "prune_target_size": 1999634432,
  "warnings": [
]
}
Post
Topic
Board Gambling discussion
Re: Women's Cricket Prediction & Discussion - T20 & ODI
by
Guccho
on 22/08/2025, 20:26:09 UTC
Oval Invincibles lost the 23rd game against Trent Rockets by chasing the target in just 84 balls. Oval Invincibles were to bat first and they opened with Lauren and Meg who lost an early wicket at 13 runs. Meg played it nicely and scored 45 runs with seven boundaries becoming the top scorer but her efforts didn't pay her off. Her teammates couldn't survive for long on the pitch thay lost wickets at short intervals. Rockets bowlers kept attacking eliminating 7 wickets at 109 runs making Invincibles under pressure.

Rockets opene4 took a strong start and build a brilliant partnership of 51 runs. Half of the target was chased by the openers and rest of the team chased the remaining runs. Invincible bowlers tried hard to eliminate players and dominate the game but the strong batting by Rockets didn't give any chance like that. After the loss of just 4 wickets Rockets chased the target in just 84 balls and won this game by 6 wickets.
Meg scored well with a score of 45 with some good boundaries but the early loss of wickets put it under a lot of pressure. Cricket is indeed vicious in the fact that unless the top order holds together there is little that even an outstanding individual performance can do.

Trent Rockets had a very good batting. The duo provided strong start by scoring a 51-run partnership and then they were able to maintain their tempo well. The other team members maintained the pace even when some wickets were taken and the team won the game comfortably. It depicts the relevance of collaboration and continuity by the batsmen as they pursue targets. In the aspect of future matches Invinbles will need to improve on building innings as well as not losing as many wickets at a section.
Post
Topic
Board Trading Discussion
Re: Transform your losing trading strategy into a profitable one
by
Guccho
on 22/08/2025, 19:56:46 UTC
Trading is not as difficult as you think
It's easily said than done and a lot of traders only make profits with their mouth and not in reality. Trading theory is different from what you will see in the market because you are trading a volatile asset which the price is unpredictable. How much profit have you made from trading and which trading strategy are you using that makes you feel trading is easy. I want to know.
You are right trading is significantly more challenging to carry out in the actual world compared to how it is verbalized. It is easy to work out theories and strategies but when you put real money on the line things get more complicated due to emotions and the unpredictable in a game. Volatility can drive away any gains in a few minutes and even seasoned traders experience losses.
Post
Topic
Board Gambling discussion
Re: Real play and Fun play
by
Guccho
on 22/08/2025, 19:25:01 UTC
Betting houses are businesses and, of course, want to make money. But when a customer becomes addicted, they eventually stop betting because they no longer have money to spend. In other words, they stop being profitable for the house. Furthermore, no business wants to be known as a place full of addicts; this damages its reputation and, ultimately, drives away other customers. That's my opinion.
For those addicted to gambling, I don't think it's easy to stop. Even if they run out of money, they'll likely borrow money from friends or relatives. Worse, they could engage in excessive behavior that could harm others, as addicts tend to be willing to take high-risk actions.
These addicts can be considered a long-term advantage for casinos, while those who gamble with good self-control won't be.
Betting houses are interested in making money; however, they also need a stream of clients and not just addicts. In the short run you would get more revenue with addicts, but in the long term the vice can cost the business even more revenue and credibility.

It is challenging on the human side of so-called gambling addiction. Although a person may run out of cash, the need to spend more money may force him or her into borrowing and dept as well as other personal complications. This may be beneficial to casinos in the short-term, but is a destructive cycle to an individual. Individuals who gamble responsibly do not pay off as much in the short term but they make the system sustainable. I believe that awareness and support are the main problem that needs to be solved since addiction harms no one in the long term.
Post
Topic
Board Beginners & Help
Re: New to Bitcoin and Cryptocurrency – Need Guidance
by
Guccho
on 22/08/2025, 18:38:10 UTC
- Why is Bitcoin called digital gold?

- Does Bitcoin automatically go up and down or is it managed
  by any company or person?

- If I buy Bitcoin, will it be more profitable to hold it for a long
  time or for a short time?

- As a beginner, what should I do here? Should I slowly start
  learning from here or should I try to invest along with learning?
Bitcoin is sometimes referred to as digital gold, as -just like gold- it is limited and can preserve value throughout time. Which makes it limited; there are only ever going to be 21 million Bitcoins much like gold.

It is not controlled by any company or individual in terms of price It varies up and down depending on supply and demand, investor sentiment, news and world events. People cannot manage it fully, which makes it attractive.

Contrary to the popular opinion that claims that short-term trading is risky and long-term holding is profitable, both are risky and rewarding. Short-term trading is also possible, and it can be a profitable strategy in case you have a good idea of what is going on in the market and you are cautious.

Learning to make a living with Dad and Lefty is best as a first-timer. Do some research, follow reputable sources, and the dangers of investing real money are known before investing. As you become more comfortable, then it is possible to start small and test it out slowly, in the same manner, you are able to keep learning. Cryptocurrency Knowledge is the best form of protection.
Post
Topic
Board Gambling discussion
Re: Italian League Prediction Thread (Serie A)
by
Guccho
on 22/08/2025, 18:24:35 UTC
That's true. Sancho rejects Roma's offer as he still demands very high wage. Roma can only offer him 100k/weekly, which is 50k less than Chelsea's offer at the first. The weirdest thing is that the offer for him is just getting less and less.

1. He rejected Chelsea who offered him 150k weekly.
2. He rejected Juve who offered him 110k weekly.
3. He rejected Roma who offered him 90k - 100k weekly.

It seems his club must let him go as a free agent. None will sign him as a new winger if he still demands 250k - 300k weekly.  Cheesy Cheesy Cheesy
Seeing the weird declines in the wage amount clubs are willing to pay I am sure he would be regretting not accepting a deal with Chelsea when he had the chance and Chelsea have moved on with other signings so it won’t be possible to go back on Chelsea. The way things are going he might end up seeing out his Manchester United contract and leave as a free agent as no club is willing to sign him for that huge 250 million wage.
At the given moment, clubs will simply give up on the negotiations process in case the invisioned wages are simply out of hand. Rejecting Juve and Chelsea at 110 and 150k respectively seems like a gamble, but now that Roma are at 100k it feels like he reached a dead end. The complicated thing about this game is that it is a short-lived career and idling too long to get the “best” deal would be counterproductive. Unless he alters his expectations, he may find himself being trapped at Manchester United or go out on a free transfer which is not the best solution to him. Reflectively, it would have been better to have taken up the deal with the Chelsea. Overconfidence or pride in certain situations can get in the way of the players and we are witnessing this here.

Post
Topic
Board Economics
Re: Economic differences between older and younger generation
by
Guccho
on 22/08/2025, 18:18:45 UTC
There are good and bad things about both. I mean you can facetime someone whereas you wouldn't be able to call others, you can google whatever you want now, you would have to trust the papers back then. Basically things were good and bad, because then you could work for a year and get a house, now you can work for decades and may not end up with a house, specially if you get sick, then you will bankrupt.

So when you think of all of that, it means you are going to end up with terrible results, and that is not something you would want. There are good things, and there are bad things. Food is better apparently, not healthier might I add, definitely worse for your health, but father says food in 60's was bad compared to what we have now.
The world has evolved a lot over the generations. It is true that at that time a person could earn in a year, afford a house or even a vehicle without being too much concerned, but now, and with all the effort, decades can pass and still all chances of success go down to nothing after unexpected health issue or an expense sets in the picture. The jobs are more competitive, cost of living has increased tremendously, and despite the new found advantages brought about by technology such as instant communication and access to information, technology does not pay the monthly house rent or even the electricity bill at the end of the month.

On the one hand, now there are some advantages. We enjoy higher quality healthcare and conveniences and access to more information. Food sources are more diverse and, howbeit less nutritious, and we can communicate with other people worldwide within a few seconds. The generational comparison is not easy since every generation had its hardships and privileges. Life is simply other now and that does not imply that there is one generation that is more civilized or presumably lazier than the other. It is just a matter that the challenges have changed.