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Showing 20 of 238 results by lucates
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Board Bounties (Altcoins)
Re: 🚧 [BOUNTY] Backed Finance___________________ROUND 2__________________[w/ESCROW]
by
lucates
on 30/09/2022, 11:45:41 UTC
#PROOF OF REGISTRATION
Forum Username: lucates
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Topic
Board Economics
Re: Unemplyment at least 50% how world will look like then ?
by
lucates
on 20/09/2022, 17:31:22 UTC
According to international labour organisation global youth unemployment reach 73 million in 2022. Wider economic risks such as accelerating inflation may come into play. Labour market prospect are uneven across the globe. Women have been worse hit by the labour market crisis than men. Unemployment is always a crisis irrespective of the region.
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Board Economics
Re: Social media, now looking more for business than for socializing.
by
lucates
on 20/09/2022, 16:57:14 UTC
There are plenty of videos, like digital marketing courses, local businesses on social media, how social media help business etc. I don't think this will hinder us from socialising, but it's an additional support. That social media are not compressed only for entertainment purposes, rather it's a step into another level of opportunity.
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Topic
Board Economics
Re: How to save as food inflation jumps more than 11% in a year
by
lucates
on 20/09/2022, 15:43:57 UTC
Price rises are hurting everyone everywhere in the world. The whole of South Asia, for instance, is struggling with inflation. In the US, inflation with food prices jumping is the biggest one-year increase since 1979. The rising cost of food forces tough choices. The problem of food insecurity faces most of the countries.  It's happening due to a combination of domestic and international factors. Inflation is out of your hands, so only our personal actions make things better and save household income. Budgeting and financial discipline will save us these days.
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Board Economics
Re: Is the pet industry recession-proof?
by
lucates
on 20/09/2022, 14:23:05 UTC
Seeing record inquiries about dog and cat returns, the tightest squeeze on living standards since at least the 1960s, is forcing many owners to decide the additional cost of food and vet bills isn't manageable. It comes amid warnings of recession  and as Uk households are dealing with a massive crisis in their energy bills. Even Netflix subscriptions fell during this time due to a cost-cutting drive.
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Board Economics
Re: Russian Gas ban - A problem for Europe or suicide for Russia?
by
lucates
on 20/09/2022, 12:37:58 UTC
It's a world full of prosperity and diversity; every place is resourceful in one way or another. We can't deny that we depend on each other. Peaceful cooperation and harmony is important than being sarcastic each day. Now there has been a number of chaos in Europe, from heat waves to draught and from travel disruptions to cost-of-living crisis. Whatever the claims and counter-claims, all we know right now for sure is that Europe is now crumbling and scrambling to reduce consumption for one, and looking for alternative sources of energy for another, and there's certainly no denial of the fact that if the Russian gas supplies remain disrupted in the coming months this winter, Russia will have the upper edge again. Whatever it's ultimate sufferers are people in those countries. 
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Board Bitcoin Discussion
Re: What is your diversification strategy?
by
lucates
on 20/09/2022, 09:46:27 UTC
When I saw this thread I thought it would be another one of those "you need to buy altcoins to diversify your bitcoin" threads. This is an improvement OP! Buying stocks is, contrary to buying altcoins, a real diversification.


That said, I don't have a diversification strategy, I'm all in bitcoin.
My chart would look like this:
80% bitcoin
5% money in the bank in various currencies
15% cash.
I don't need to buy other things. Change my mind! Tongue

I heard somewhere that "crypto investors should realise that one man and one tweet can derail their life savings", so don't follow or change your mind according to other peoples plans. Just go with your own plan but inspired by others. Limit your crypto investment risks so don't regret it later.
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Board Bitcoin Discussion
Re: BITCOIN IS NOT A STORE OF VALUE
by
lucates
on 20/09/2022, 08:23:02 UTC
https://www.youtube.com/watch?v=n41GPPhLkhI&t=30s

Keeping in mind the most important factor, without gold and silver, all electronic equipment wouldn't exist = bitcoin would not exist. Computers, phones, tv's, etc ALL require silver and gold to be manufactured.

The store of value means an item acquired should, over time, either be worth the same or more. Some people think bitcoin will be the global store of value. Others think it's a kinda myth. Whatever it's, in my opinion, bitcoin in the hands of the right person can do amazing things. Have programmers and cryptographers who can use bitcoins underlying protocol to create magnificent things such as crypto currencies. So what gives bitcoin value depends on your qualifications.
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Board Bitcoin Discussion
Re: Things to keep in mind before accumulation of Bitcoin
by
lucates
on 20/09/2022, 06:13:07 UTC
image loading...
Source

In this Post you will find about BTC accumulation and tips to keep in mind before shopping Bitcoin. Many of you have known BTC’s history if not then pay a visit here.
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You put it in a good way, all the problems and solutions are explained well. Accumulation, distribution and re-accumulation often happen in every market, I guess. So, nothing to worry about this, but be aware and prepare. everything needs to be known about this phase to upstand in the market.
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Topic
Board Bitcoin Discussion
Re: Things to keep in mind before accumulation of Bitcoin
by
lucates
on 20/09/2022, 06:10:28 UTC
image loading...
Source

In this Post you will find about BTC accumulation and tips to keep in mind before shopping Bitcoin. Many of you have known BTC’s history if not then pay a visit here.


You put it in a good way, all the problems and solutions are explained well. Accumulation, distribution and re-accumulation often happen in every market, I guess. So, nothing to worry about this, but be aware and prepare. everything needs to be known about this phase to upstand in the market.
Post
Topic
Board Bitcoin Discussion
Re: BTC is scarcer than gold.
by
lucates
on 20/09/2022, 03:37:39 UTC
Yes bitcoin is more scarce than gold. That's a true statement! But  if you look at the acceptability of Gold and bitcoin, gold is a clear winner. Scarcity alone doesn't make something costlier. It has be adopted and accepted widely. That's how you can bet on its future value.

Bitcoin is a very new asset class compared to gold. It has a long way to go! So instead of drawing a comparison between these two assets, let's help in bitcoin adoption.

Apart from government backing of gold but not bitcoin, there are other things too. Since 1800, the innovation of technology has touched on in every area except the form of "currencies", but now it's evolved and has come with the name of crypto-currencies. It's a matter of time to get used to it.
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Topic
Board Bitcoin Discussion
Re: Bitcoin and block chain in Medical Research and Publication industry.
by
lucates
on 20/09/2022, 02:31:42 UTC
Blockchain technology and Bitcoin are 2 related but different things....
Yes Bitcoin uses a blockchain *but* it is intended and designed to mainly be for monetary transactions - NOT general records keeping.

That said, there are many many real-world uses of blockchain technology that ARE used for records involving that involve tracking food production & distribution, various electronic device production, municipal lighting, long-haul trucking, etc. Publishing is just another variant of that. The key point here is that the blockchains used are tailored to a specific purpose and none of them have anything to do with BTC.

Why is bitcoin popular? Because of block chain technology. This technology can be used in any kind of application, like the banking sector, government departments, business, land departments etc. It can assure safety and security for any data. Whenever new technology is invented we should utilise the maximum possible way.
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Board Bitcoin Discussion
Re: Bitcoin all over news so not unknown fiction anymore
by
lucates
on 19/09/2022, 18:48:45 UTC
People who said its something strange now start to get interested about bitcoin.
Its all over news and btc is mainstream now

People trust now btc becouse they dont trust things what not supported by well known people.
More investors will jump in couse of ELON MUSK .

Those who trust tesla trust bitcoijn now

Most of them know the name bitcoin but, how many are actually involve in trading and investment in bitcoin? How many people have positive attitude towards bitcoin? We should put some more effort to reach out this but actually the people connected with bitcoin is incredibly increased within a year.
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Board Bitcoin Discussion
Re: Is it possible to create a fake wallet.dat file?
by
lucates
on 19/09/2022, 17:40:42 UTC
Have you ever think how big scams and hacks happen in crypto spaces? Because hackers or scammers use some special tools to hack. So it's not impossible to create a fake wallet file by importing some wallet address without private keys. That's how they could make you a fool. So it's better always stay away from a such deals to save your funds. Don't be greedy.

People create fake trust wallet balances to scam others. Every scam happens unexpectedly and we fail to predict the loopholes of the technology. So I am not sure if it's possible or not. Once it happens, then only everyone will be aware. So be careful and don't be greedy.
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Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Is Bitcoin anti-inflation?
by
lucates
on 19/09/2022, 16:56:21 UTC
⭐ Merited by JayJuanGee (1)
In may 2020,the American hedge fund manager Paul Tudor Jones said,  he will be buying bitcoin as a hedge against inflation, bringing what was once an alternative narrative into the financial mainstream. Today's inflation is said to be largely a result of unprecedented money printing. But as always, bitcoin has a finite supply of 21 million - no more coins can ever be created. Unlike the fiat currency, where its value and purchasing power decline as more is printed. That's what makes bitcoin safe against inflation.
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Board Bitcoin Discussion
Re: Fake Bitcoin.
by
lucates
on 18/09/2022, 14:55:00 UTC
Anyone can create a token named 'Bitcoin' on a blockchain like Ethereum or BNB using smart contracts. But that's a different kind of scam. But the fake Bitcoin that I want to talk about, is actually created by some exchanges themselves!

Let me tell you. Bitcoin has a limited supply - only 21 million. Moreover, with the rise in popularity of BTC and the fear of hacking on various exchanges, more people than ever have started keeping Bitcoins in their wallets. As a result, the amount of BTC deposited in the exchanges is decreasing every day. Everyone knows that BTC is the most popular trading pair with any other crypto. But if the exchange doesn't have bitcoins, their business will go downhill.

That's why some exchanges have created their own coins with the same value as real Bitcoins by placing stablecoin collateral with bitcoin equivalents! Since exchanges do not immediately add crypto trading on their platforms to the blockchain, this leverage is difficult or almost impossible to capture. Because, common users don't understand anything.

But what is there to worry if the daily activities of the users are not disrupted? Of course there is. Exchanges that make fake bitcoins are really weak exchanges! And, trading in such an exchange is very risky! Therefore, it is better to do most of the transactions on the top exchanges according to the exchange rating on the Coinmarketcap site!

Fake bitcoin or crypto are common nowadays. The $15 billion crypto scam is unforgettable. That's a "one coin scam" all over the world. We discover different new varieties of scams by using technology. Like scam token drops, random airdrops will interact with our wallet. Later, all our coins will vanish from our wallets. So we all need to be really careful so you won't be a victim of this ponzi.
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Topic
Board Bitcoin Discussion
Re: Can the blockchain be hacked? Ask again.
by
lucates
on 18/09/2022, 04:19:42 UTC
A recent discussion brought up in my locale board lead me to this little striking detail from my research that holds a contrary opinion to what most know about the blockchain.
Quote
Blockchain isn’t totally foolproof — there are a few ways that it can be hacked. “If 51% of the network of miners, or of work done by miners, is bribed to alter the ledger, this can result in corruption and incorrectness in the ledger.” Additionally, if one of the nodes of the blockchain network is disabled and it cannot communicate, it may be compromised
SOURCE

This is not to undermine the strength of the blockchain technology and make it less of what it is, but for us to discuss the possibility of this happening and the credibility of this information.

Kindly share your opinion.

In my opinion, the currently most reliable and unhackable technology is block chain technology. In every transaction, has been creating a new block by adding ID and hash code to the block. It gets rid of fraud and manipulation because each block is connected. So block chain technology is accountable, strong and proven. Every miner makes this system secure by creating a decentralized ledger.
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Board Economics
Re: China's debt bomb looks ready to explode
by
lucates
on 13/09/2022, 20:30:42 UTC
So will it impact China's growth? The international financial implications of Evergrande going under may be limited since most of its debt is domestic. Still, there will be second round effects. If it's the free flow of credit that has helped to sustain China's rapid growth, especially after the international financial crisis of 2008. Tighter credit norms must affect the peace of Chinese economic activity and therefore of the larger global economy. This could mark the end of the long run of "miracle" growth that has made China.
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Board Economics
Re: Entrepreneurship and women
by
lucates
on 13/09/2022, 19:22:46 UTC
As a result of the difficult economic times, do you consider that there will be more women entrepreneurs competing with men in this field which it so looks like they currently dominate?
Honestly in todays time, we can say that the equality has been there and the problem about the subject of women vs men has started to be off and not sensitive topic anymore.

It's because whatever men does, women tend to do it and that's just equal. But I think, that it's not all about competition but many women won't be a housewife material anymore.

They can do whatever we do and being an entrepreneur, they can do that as well and those that are struggling will do whatever it takes for them to survive.

So, if we see more women shifting into being entrepreneurs, it doesn't really matter IMO.

Today's times equality has been there so men vs women has started to be off or non sensitive topic maybe. But why we still priorities women because the hurdles they face. Being a women entrepreneurs face hurdles like patriarchal society, social barriers, attitude of creditors, lack of opportunities etc. Women from developing countries are mostly experience these kinds than developed countries.
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Topic
Board Economics
Re: Lenders and borrowers during inflation
by
lucates
on 13/09/2022, 19:02:14 UTC
Traditionally, borrowers have benefited more from inflation, because the money they pay back is worth less than when they borrowed it. That is why, when inflation rises, the interest rate charged by lenders also rises.
e.g. If I borrow 3% money to buy a house for $50,000, and inflation rises to 6%, over time I have paid back significantly less than the purchasing power equivalent of my original loan.

Real intrest rate decreased during inflation times. Inflation rate is deducted from nominal intrest rate ( actually paid or received amount) is called real intrest rate. Based on real intrest rate can calculate the interest paid or received. Here creditors are lose and debtors are gains because of the depreciation of currencies.