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What You Need to Know About Interest Rates in the Current Real Estate Market

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After years of historically low rates, the Federal Reserve has finally started to raise interest rates. This has been a long time coming, and the Federal Reserve Board has been warning about rate rises for some time.

Unfortunately, this has only served to complicate an economic picture that’s already complex enough. We’re dealing with inflation, a possible looming recession, and a major war. Add that to China’s zero-Covid policy and disrupted supply chains, and interest rates are just another drop in the bucket.

But interest rates affect different industries in different ways. In the mortgage market in particular, higher rates make mortgages more expensive. With higher rates, homebuyers have to pay more money per month for the same house.

What does this mean for you? Among other things, you’ll have to deal with the following factors:

  • Millennial and Gen Z homebuyers may struggle to enter the market.
  • Home prices may fall as a result – or they may be unaffected.
  • There may be less competition when shopping for properties.

Let’s talk more about these factors, and what they mean when you’re buying or selling a home.

Interest Rates and Buying a Home

When you’re buying a home, a higher interest rate translates directly to higher mortgage bills. Let’s say you’re buying a relatively modest $250,000 home, and you’re putting down a 10% down payment ($25,000). You take out a standard 30-year mortgage, at an interest rate of 4%. This brings your monthly payment to $1,167.93, with a total repayment amount of $393,081.39.

Now, let’s say you take out the same loan, but instead of paying 4% interest, you’re paying 5.5%. Suddenly, your monthly bill is $1,371.28, and your total repayment amount is $467,690.34. Ouch!

Over the life of the loan, that extra 1.5% interest will cost you more than $74,000. If your monthly budget is limited, you might even have to shop for a more affordable house.

According to Rocket Mortgage, every 0.25% increase in interest rates reduces your purchasing power by 3%. Let’s say you have the budget for a $300,000 house. An increase of only 0.5% means you could only afford a $282,000 house.

This is particularly bad news if you have an adjustable-rate mortgage. When readjustment time comes, you could find yourself unable to afford your mortgage. That’s why it’s in your best interest to lock in your interest rate before the going rate gets any higher.

Rising rates could eventually cause home prices to drop. With more and more people unable to buy, sellers will be forced to lower their prices at some point. In the meantime, though, higher rates have some advantages for buyers. Fewer people are looking to buy right now, so sellers are getting fewer offers than usual. You may be able to save money on a purchase simply because you’re not caught in a bidding war.

Higher interest rates also serve to keep big investors out of the market. A year ago, almost 15% of U.S. home sales went to investors and corporations. This pushed prices artificially high, since ordinary home buyers were competing with institutional investors. With higher interest rates, real estate is becoming less of a lucrative investment, so there’s less competition from professional investors.

Finally, keep in mind that interest rates remain at a historic low. Even though they’re higher than they were a year ago, they’re lower than they’ve been at almost any other time. In the broader scheme of things, it’s still a great time to buy.

Interest Rates and Selling a Home

As a seller, rising interest rates are less of a concern. This is because you’re probably buying a new house at the same time. Any net benefits and drawbacks are liable to cancel out, costing you nothing.

The downside is that you’ll probably get fewer offers. You’re less likely to see multiple bidders than you were a year ago, and those bidders are going to be more conservative. You’re not going to get any crazy 20%-over-asking offers like you would not too long ago. Assuming your asking price was reasonable, you can only really expect to get an offer of a few percent higher than asking.

This is because buyers have less purchasing power. With higher interest rates, people simply can’t afford to spend what they were spending a year or two ago.

On the flip side, the same forces will work to your advantage while you’re buying your new home. You might find it easier to make a buy and get the closing date you want.

In the medium term, the basic housing situation is unlikely to change. Nationwide, we have a shortage of available homes, and an excess of people looking to buy. Even with higher interest rates, there’s going to be a market for your house. This is unlikely to change except over the very long term, as developers may eventually build enough new homes to meet demand.

The Upshot

What this means for you depends on whether you’re buying or selling. Either way, the market is in a weird position. Home prices are still going up, even as the rest of the economy shows increasing signs of stress. In the near future, prices could suddenly take a downturn – or, they could keep climbing for the foreseeable future.

The smartest thing to do is to make a move as soon as you can. If you’re looking to buy, take advantage of the reduced competition that comes with fewer buyers in the market. What you lose in higher interest, you can gain by getting a better price. If you’re looking to sell, don’t wait for the market to take a potential downturn. Instead, make a sale while the market is still good.

The Great Divide: Inflation gap between rich & poor widest since records began 

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As the UK tackles highest inflation rate in 40 years, HyperJar and Retail Economics release striking report revealing the implications for UK households

Least affluent families see disposable income plummet by 12.3% in April

The inflation gap between the rich and poor in the UK is now the widest it’s been since records began, according to new research from the Resolution Foundation think-tank. In light of this, HyperJar and Retail Economics have released their Cost of Living Tracker, showing how a fierce inflationary backdrop, including the energy price cap rise, has seen levels of discretionary income [1] among the least affluent UK households decline severely, plummeting by 12.3% in April. This is the equivalent of £59 per month less cash available to spend on non-essential items. 
 
This is in comparison to the most affluent households, who’ve seen their spare cash fall by just 1.4% compared with the same month last year, leaving them with £61 less to spend on discretionary items in April. Across the economy, this is likely to have wiped out around £2.3bn worth of income for non-essentials throughout the month.

The new figures are in tandem with statistics unveiled in a national study from the UK’s most awarded personal finance startup, HyperJar, highlighting the cost of the financial burnout experienced by UK families. The data has revealed that 1-in-4 Brits admit their biggest mental health strain comes from the pressure of being responsible for their family’s finances, whilst 1-in-5 Brits state the responsibility of accounting for financial dependents means they’re unable to stretch their own budget for the things that make them happiest. 

Figure 1: Comparison of changes in discretionary income by household income group, year-on-year.

Source: Retail Economics-HyperJar Cost of Living Tracker

[1] Discretionary income is a measure of how much income households are left with after paying for all essentials such as food, energy, and rent. 
 
Essential costs such as energy and food are seeing some of the fastest price rises, which are hitting the least affluent households the hardest. They spend a disproportionate amount of their income on staples, which severely restricts the amount of spare cash they have to spend elsewhere.
 
Given the uneven impact of rising prices, it’s become critical to look beyond averages from official sources and split out inflation and earnings by household to understand the level of inequality across UK families. The Retail Economics/HyperJar research shows that the least affluent households are seeing inflation rates of 11.2% across their spending, compared with 8.3% for the most affluent families.
 
Figure 2: The least affluent already facing double-digit inflation

Source: Retail Economics-HyperJar Cost of Living Tracker

Consumers are already changing their shopping habits and adopting recessionary behaviours in the face of rising inflation and squeezing incomes. One of the most prominent areas facing change is grocery shopping. Spending data from HyperJar shows that the share of grocery spend going to discounters Aldi and Lidl has grown by 1.8 percentage points since the start of the year, while the Big Four (Tesco, Asda, Sainsbury’s and Morrisons) have seen the share of spend decline by 1.2 percentage points between January and May.

Figure 3: Middle-aged consumers have shifted their spending towards the discounters the most since the start of the year. 


Source: Retail Economics-HyperJar Cost of Living Tracker
Note – period covers 1-31 Jan 2022 compared with 1-17 May 2022, average share of wallet. 
Big 4 = Tesco, Sainsbury’s, Morrisons and Asda. Discounters = Aldi and Lidl

This shift in spending towards the discounters was most prominent across middle-aged (45-55) consumers who increased their share of grocery spending.

Mat Megens, CEO of HyperJar, says: “Many of us have never lived through a period of high inflation and it shows. Experts from ministers and markets to the Bank of England are getting their cost-of-living predictions wrong, prices are rising, and salaries aren’t keeping up. Individuals can’t control this surround-sound of uncertainty, but we can control what we spend and where – and try to make the most of every penny.” 

Richard Lim, CEO of Retail Economics, says“The country is witnessing an enormous income shock with the least affluent families anchored at the epicentre. With inflation nearing double digits, life has turned extremely uncomfortable for many households. 

“The most disadvantaged families are facing genuine trade-offs between what essentials to buy. There’s only so much cutting back and shopping around that can be done with inflation reaching these levels.”  

The Cost of Living Tracker report is available to download here: Cost of Living Tracker | Retail Economics-HyperJar

4 Reasons to Start Using Digital Business Cards

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Paper business cards have been around for centuries, but in a post-covid and heavily digital world they’re slowly becoming obsolete. Once upon a time business cards were the best way to connect with peers, promote your business and network with other professionals. And while getting the information you would from a business card is still important, the way you’re getting it has changed significantly.

In recent years professionals have turned to social networks like LinkedIn and digital business cards when they’re looking to connect with other people. If you’re still unsure whether it’s time to ditch the paper business cards, keep reading, since we’ll give you the four reasons why you should go digital.

You Don’t Have to Be Physically Close to Anyone to Share Your Business Cards

Before digital cards came onto the scene, you needed to hand your paper card to someone or include it in a package you’re sending. It’s obvious why this system was flawed, especially in a post-covid world where most of the networking happens online.

With a digital business card app, you can share your details even with people who aren’t using the same app as you. You don’t have to be physically present. You can even share them while video conferencing. It’s a perfect way to network with people during online events, but it’s also practical in real-life since it minimizes the exposure to germs.

They’re Always up to Date

When you change your phone number or your office moves you need to print a whole new batch of business cards so that you can share the correct information with other professionals. With digital business cards, anytime you update your information your contacts will receive a notification.

This way, you don’t have to worry about checking in with everyone in your network to provide them with new details.

Digital Business Cards Are Better for the Planet

Some data shows that more than seven million trees are cut down for business cards each year, and about 90% of cards get thrown away immediately. That’s a lot of wasted trees, and paper.

If you move to digital cards, you’ll become less wasteful and reduce your carbon footprint. And with people paying more attention to sustainability, this move will definitely be a plus on your end.

You Can Scan Paper Cards With Your App

Most digital card apps will allow you to scan paper cards and they’ll automatically digitize the information written on them. With an app, you can also categorize and organize your card collection. It’s simpler to search for people, and you’ll always have access to it.

Final Thoughts

Paper business cards don’t have the same effect they did a few decades ago. Almost everything in our lives is digital, so why not digitize your business cards? As we mentioned, it’s good for the environment, it makes networking easier, and the apps help you stay organized and on top of all of your contacts.

These four reasons aren’t the only reasons you should ditch your paper cards, but they will surely make you think about switching.

5 Best Retirement Plans in Canada

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Retiring in Canada  

If you’re the type who likes to plan and prepare for the future, then you might be wondering what your best option is when it comes to retirement. Are there any savings plans that will give you the biggest bang for your buck? Or are there better options out there if you want to secure a comfortable and reliable income coming into old age? 

Fortunately, this isn’t something that everyone needs to spend time contemplating. 

That’s because Canada has some great retirement savings options available to all citizens. And if you’re interested in learning more about them, then keep reading. 

Here we’ll discuss the top five retirement plans in Canada and help you understand why they might be right for you. So, whether or not they meet your financial needs, take note of these opportunities so that when the time comes you can make an informed decision about which plan is best for you.

 

The Canada Pension Plan (CPP)

The Canada Pension Plan (CPP) is a mandatory savings plan that all Canadians are required to participate in. It’s also known by its acronym, CPP, and is available to both employees and self-employed Canadians. The CPP is designed to provide a certain level of retirement income to people who don’t have other ways to save for their golden years. 

It does this by paying a monthly pension to qualifying individuals. The maximum amount you can earn from the CPP is $2,328. The CPP provides a great option for Canadians who don’t have enough money saved up to cover the basics of retirement like medical expenses, food, shelter, transportation, and more. 

While the amount you can earn from the CPP is extremely low, it’s still worth it because it’s mandatory. And while it’s not an ideal way to fund your retirement, it’s an important part of the Canadian retirement landscape.

If you’re interested in getting some extra money coming into your pocket once you retire, then the CPP could be a great option for you. This program is run by the federal government and provides 25% of your average earnings while you’re working to your qualifying age. 

Once you turn 65, you’ll be eligible to receive a monthly pension payment of up to $1253 (as of October 2021). This payment is meant to cover your basic living expenses and can be withdrawn from your pension as you see fit. However, it’s important to note that you must start taking the payment before you turn 67. So, if you want to receive this money before you retire, you’ll need to take the CPP at age 65.

 

Registered Retirement Savings Plans (RRSPs)

Registered Retirement Savings Plans, or RRSPs, are one of the best ways to save for your golden years. Simply put, you put money into an RRSP so you can make contributions to it throughout the year. 

Once the RRSP year is over, you can take out as much money as you want to use for whatever you want. The freedom to enjoy your rrsp withdrawal from your RRSP without any penalties is a great benefit to reap from this retirement plan. 

If you’re someone who likes to save but doesn’t want to feel compelled to do so, an RRSP is a great option for you. It allows you to keep up with your savings goals using your own funds. There are a lot of benefits to having an RRSP, but there are also several considerations to keep in mind.

​​With an RRSP, you can sock away money every year and then withdraw it when you’re ready. Once your money is locked away in an RRSP, it’s completely tax-free and can be withdrawn as cash at any time. 

If you make contributions to an RRSP each year, you could be eligible to receive a federal tax deduction on your contributions. So, you’re essentially putting money into your account and getting it back later with tax savings. 

If you decide to withdraw money from your RRSP after you retire, you can continue to take the funds as a withdrawal (or loan) until the age of 72. As long as you make sure to pay the withdrawn amount back by then, you can avoid paying interest on the funds.

Source

Registered Education Savings Plans (RESPs) 

Registered Education Savings Plans, or RESPs, are a type of investment plan that parents can contribute money towards to help pay for their children’s post-secondary (tertiary) education. They are similar to RRSPs in that they are voluntary tax-advantaged investment plans that allow you to contribute to them throughout the year and withdraw any funds later on. 

However, while RRSPs are available to both employees and self-employed individuals, RESPs are only available to parents. There are a lot of benefits to having an RESP, but there are also several considerations to keep in mind. 

As long as the money stays in the account, it’s completely free of any taxes. And because it’s a registered plan, it can be withdrawn as cash at any time as well. 

If you choose to withdraw some funds before you retire, you can still do so without paying any interest. And because it’s a registered plan, the funds you withdraw can be used for any qualified education expenses such as tuition, books and supplies, and even living expenses.

Tax-Free Savings Accounts (TFSAs) 

A Tax-Free Savings Account, or TFSA, is a great way to put money away for your future. Unlike with other savings plans, you won’t have to pay any taxes on the money you contribute to a TFSA. This means you can save a lot more money in a TFSA without incurring any extra costs. 

They are also allowed to be used as a source of income in retirement. You can withdraw the money from your TFSA as you would from any other savings account. There are a lot of benefits to having a TFSA, but there are also several considerations to keep in mind. 

A TFSA is a special account that you can use to save for anything you want. There’s no specific purpose to putting the funds in a TFSA, so you can use this account for whatever you want. 

The great thing about a TFSA is that it’s completely tax-free when withdrawn, so there’s no interest to pay. And since there’s no specific purpose for the funds, you can place them in a number of different places. 

So, you can use them to pay for a down payment on your next home, make repairs to your car, or even add some extra funds to your retirement savings account.

Source

The Old Age Security Program (OAS)

The Old Age Security Program, also known as OAS, is a program that allows individuals who are older than 65 to receive a certain amount of money from the Government of Canada. 

Individuals who fall under this category are called contributors to the OAS. The OAS is divided into two payments. The first is the base amount and the second is the adjustment amount. OAS is provided as a monthly payment. 

The base amount is the amount you receive when you turn 65. The adjustment amount is adjusted every year based on the cost of living. There are a lot of benefits to having the OAS, but there are also, as with all the other Retirement Plan options in Canada, several considerations to keep in mind. 

The Old Age Security program is completely free to all qualifying individuals. To qualify for the OAS, you don’t need to be working full-time, you just need to be earning enough money to be able to afford basic living expenses. And for most, that comes to about $35,000 annually.
 

Summary

The best retirement plans in Canada are the Canada Pension Plan, Registered Retirement Savings Plans, Registered Education Savings Plans, and Tax-Free Savings Accounts. 

The CPP is the best retirement plan because it’s mandatory, it provides a consistent amount of money, and it’s available to people who don’t have enough money saved for their retirement. 

You can also contribute to an RRSP and an RESP, which provide you with extra money that you can use for your retirement needs. 

Finally, a TFSA is the best retirement savings plan because it’s tax-free and you can use it for either retirement or as a source of extra money.

If you’re interested in getting some extra money coming into your pocket once you retire, you may need to consider setting up one or two of the Retirement plans as mentioned in this article, to make double sure that you are ready for it all, come what may. 

How do restaurant booking apps work?

Everything You Should Know About Apps for Booking Restaurants

One of the most challenging chores is planning a visit to a restaurant with family or friends. Starting with compiling a list of participants and their cuisine preferences and ending with a list of potential restaurants. The entire restaurant reservation process is tedious and time-consuming. With everything turning digital, even the restaurant business has embraced technology to serve its customers better. Booking restaurant solutions have also changed. Let’s take a closer look at restaurant booking apps.

When developing apps for booking restaurants, one of the most important factors is a business model. Let’s take a quick look at two types of it. The aggregator model functions as a marketplace where restaurants can register with numerous restaurant booking applications. You can charge the restaurants a certain sum for each transaction or table reservation and connect with many restaurants to expand the customer base and boost return on investment. The main disadvantage of this model is that initially, service providers will need to invest in developing an application and resources to train restaurant staff on how to utilize the software. Another type is the self-owned app, which restaurant owners use to reserve tables. You can provide special discounts to consumers, which will increase app downloads and customer loyalty, but the restaurant will find it challenging to expand its consumer base and business. Which model to choose is up to you.

If your website currently lacks online ordering capabilities, don’t worry! You can easily enhance your website by utilizing a restaurant website builder. With this tool, you can create an online restaurant menu and provide your customers with a seamless ordering experience.

What Can Agency for Development Restaurants Apps Provide?

Let’s start with the fact that it is difficult for a restaurant booking app development from scratch without the help of an IT company. Contact an agency for the development of restaurant apps that will help you develop your application. A good company can supply cross-platform custom app development for restaurants. A hired team provides you with accurate marketing for the product. Social media marketing, Search Engine Optimization (SEO), Pay Per Click (PPC), and content marketing are the options for promoting your app. A hired team can help you develop a marketing plan strategy by understanding your requirements in full.

Hence, if you want to create a quality restaurant application but don’t have the appropriate skills and don’t know where to start, hire a team of professionals to help with implementing your plans.

What Apps Do Restaurants Use for Making Business More Lucrative?

If you are a restaurant owner or plan to enter this field, you have probably thought about how to properly organize employees’ work, manage inventory, advertise your institution, and more. So much responsibility falls on your shoulders; how can this be simplified? The answer is unique apps for restaurants, but what apps do restaurants use? Let’s discuss it.

Partender easy liquor inventory tracking capabilities assist in reducing shrinkage. Enter your liquor selections, measure the exact amount in each bottle, and upload the information to the cloud. This restaurant app tracks inventory and provides consumption metrics so you can see what’s being sold and what’s not.

TouchBistro includes complete order management, a customizable menu, staff scheduling, inventory management, robust reporting capabilities, and the ability for servers to take payments at the table, managers to monitor sales activities, and accountants and administrators to quickly access valuable performance trends.

Restaurant delivery apps open up a whole new revenue stream for eateries that deliver. Delivery applications provide confirmation and accurate order records to restaurants and customers, reducing the risk of error associated with over-the-phone orders.7Shifts is a restaurant-specific employee scheduling program. Employees may download the app to their phones, giving them access to forthcoming shifts, scheduled availability, and time-off requests. Managers may approve shift swaps from their phones, send direct messages to their employees, and manage scheduling calendars.

Buying Your First Home: 5 Things You Need to Know

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If you’re looking to get involved in a whirlwind experience, just buy a home. There are so many unexpected twists and turns, joys and frustrations, and sheer emotion that are involved in this process that it will make your life feel kind of like a movie.

On a serious note, purchasing your first home is a serious matter and no simple task. There are a lot of things you’ll learn, and usually, a lot of mistakes to be made. To avoid as many of the negative aspects of the experience as possible, here are a few key things you should know before you start the journey.

Understand all the Costs Involved

Before you even start house hunting, it’s important to realise that there are a lot of costs involved in this process – more than just the price tag you see on the real estate listing.

From transfer costs and legal fees to inspections and paying for movers, there’s a lot to budget for and you should be well-acquainted with all the expenses before you commit to the journey. It’s best to work with a professional who knows mortgages, Worcester, or whichever area you’re looking to buy in.

Location, Location, Location

Next, it’s good to know that what people say about the importance of location is true. Where you buy your home is probably even more important than the home itself.

The location of your home will determine a lot of things, including the price you’ll pay, what you’ll be paying for other home-related services and amenities, how safe and happy you feel in your day-to-day life, how easily you’ll be able to resell in the future, and much more.

Make sure to look into the area before you commit to buying a home, and if you’re buying to live there long-term, make sure you’re happy with your surroundings.

Research is Key

When it comes to the location, the finances, the process you need to go through and various other factors, researching will be your best friend. Make sure you spend plenty of time online looking into every aspect that might come up.

Call in to ask professionals if you don’t trust what you read online, turn to friends and family for advice and recommendations, and generally gather as much information as you possibly can throughout this process.

You Can Ask Questions

On the topic of research, don’t be shy to ask questions when you’re house hunting. Be sure to ask the estate agent questions you have on your mind about the home itself, the area, the cost, why the owners are selling, the pros and cons of the house, and anything else you might need to know.

Know What You Want

Finally, try to get a good idea of what it is you’re looking for before you start house hunting. It’s easy to get caught up in unnecessary features, versus features and factors that matter to you – such as good home security, enough space for your family, etc.

Make a list of what you need, what you might want and what doesn’t matter to you, and use this when you’re viewing potential homes.

Making fun with cryptos: Gains and Advantages

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Key points

  • It is a digital currency that uses a decentralized system to verify transactions. The best way to think about cryptocurrency is as an anonymous form of payment.
  • A cryptocurrency is an anonymous form of payment. In this sense, it can be used for money laundering and other illegal activities because there are no records on who owns what amount of crypto or where the funds came from.
  • A cryptocurrency is a new form of money, and it has been gaining popularity over the past several years.
  • Cryptocurrency is a peer-to-peer payment system that allows users to buy products or services without any government involvement in the process (like fiat currency does). This means that there are no banks involved in the exchange process when you use cryptos like Bitcoin or Ethereum – which means lower fees than traditional bank transfers!

Exceptionally tight security

This is one of the benefits of gambling with cryptocurrency. Security is exceptionally tight and safe, as no central authority is involved. If you were to deposit money into a bank account and then send it to another person, there would be a lot of banks involved in this process. Even though each bank has its security system, hackers can still break through them. With cryptocurrency, there are no middlemen, or third parties involved and, therefore, no need for trust; this makes things much more secure than standard currencies that have been used for years now.

Crypto reduces fraud

As the world’s first digital currency, Bitcoin has been around since 2009. It is an alternative to traditional money that doesn’t require banks or third parties to complete transactions. Most importantly, it was designed to be completely secure and anonymous for all users. This means that every transaction can be traced back to a particular address (or wallet), but no one can see the owner of each address.

Another benefit of using cryptocurrency is its security, partly because of its decentralized nature, meaning that no one person or entity controls the system itself. In addition, cryptocurrency transactions are irreversible; once sent through the blockchain network, they cannot be stopped or reversed by anyone other than the sender themselves! 

Anonymity

Anonymity is often confused with privacy. Anonymity means that no one will know who you are or what you’re doing—it’s a way for you to protect your identity in an online space. Privacy deals with how much data about yourself gets shared and who has access to it; it’s different from anonymity because privacy can be selectively chosen (e.g., sharing personal information in certain situations but not others), while anonymity is always on or off.

You can gamble with cryptocurrency by being anonymous.

Crypto gambling is decentralized

In the casino world, there are many benefits to gambling with cryptocurrency. One of the advantages is that you don’t have to be present at a casino to play games. You can do so from your home or wherever you have an internet connection.

Another benefit is that you don’t need identity verification or credit cards to make deposits or withdrawals. You also don’t need bank accounts or a physical presence since everything can be done online via mobile devices, tablets, or smartphones.

The best part about all this? Unlike traditional casinos, which require you to fill out forms with personal information before playing games, there are no requirements when using bitcoin casinos!

You can do gambling from anywhere in the world

With the ability to gamble anywhere globally, there is no need to travel to a casino. You can now play your favorite card games, bet on sports and even play video slots from anywhere with your phone or laptop.

One of the top advantages of using cryptocurrency is that it’s not restricted by location. This has mainly been helpful for people living in countries where gambling isn’t legal or regulated and travelers who want to enjoy their favorite pastime wherever they are.

Convenience

One of the best advantages of cryptocurrency is that it is straightforward to use, and there are no restrictions on location and time. You need to set up an account and make a deposit using your cryptocurrency wallet, then start playing wherever and whenever you want. You don’t have to wait for a bank transfer or credit card approval either; once you deposit funds into your account, they are available for immediate use! 

This means more time spent enjoying games than waiting around at the checkout counter for approval from banks or credit agencies.

Conclusion

Now that you’ve read about all the benefits of gambling with cryptocurrency, it’s your turn to take advantage of them. I hope this article will be a helpful reference as you begin your journey into the world of blockchain technology.

Celebrities push cryptocurrencies, but their fans carry all the risk

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It is a new age of cryptocurrencies, and celebrities don’t miss a chance to promote the influence of such digital assets. In the very recent crypto advertisement, Matt Damon can be seen walking through a white & pristine hallway where he talks about what can make anyone brave enough in life. He mentioned some examples and pioneers of being brave, climbing mount Everest is brave, the Wright Brothers were also brave, and so were the sea divers. Hence all these adventures, as well as entrepreneurs, are brave enough for just one reason that you and I need to know. This reason is that all these individuals are brave enough to embrace the moment that they live in and commit to their goals without being swayed by anything else in their goals. Also, some business magazines are mentioning that cryptocurrency has its advantages and disadvantages .

Being Brave 

Matt Damon says in the newest advertisement that Fortune favours only those who are brave enough. However, it needs to be noted that Matt Damon is not the only prominent and mainstream celebrity who has been promoting cryptocurrency. Rather there are other celebrities also in the line to promote the services of such cryptocurrency platforms.

The newest name that has been featured in the list is Tom Brady, who is currently serving as the main spokesperson for FTX, which is yet another crypto platform and tends to deliver services to its increasing base of users around the world. Also, aside from Tom Brady & Matt Damon, there are other mainstream celebrities that had been hawking the benefits of having cryptocurrency. The well-established TikTok fame, Charlie D’Amelio, is the next in line and has partnered with yet another prominent platform that goes by the name “Gemini.” Now, the list will go on and on, just because the prominence of the cryptocurrency is pervasive and contagious.

Kim Kardashian also pushed a crypto platform that is not yet as famous as its counterparts, but she recently tried to sell the services of EthereumMax. She currently has 276 million followers on Instagram, and she took to this social networking site to promote EthereumMax. Now, you can see these ever-expanding crypto ads almost everywhere you go, and it has become so hard to evade or ignore such ads because they are being shoved down your throats. Considering the level of prominence that cryptocurrency has gained over the years, even Facebook decided to reverse its ban on cryptocurrency. 

The look forward 

Now to make things even more, both of these cryptocurrency platforms mentioned above, i.e., Crypto.com as well as FTX, were also given the time duration at the time of this year’s Super Bowl. The broadcast featured the ads, and a whopping $6.5 million were spent just to be able to get 30 seconds screening during the event. That’s how much the prominence of cryptocurrency has gone. The recent estimates of the money spent on promoting the cryptocurrency were released by the Wall Street Journal. Matt Damon’s ad for crypto.com has been running for at least quite some time now, which only gives the idea that being brave is the only choice. 

The thought behind the ad makes sense as well because entering into the crypto industry is no child’s play, considering the level of volatility that platform is usually known for. Also, the decentralized and unregulated characteristics of the platform are yet another important facet to look out for, which is usually overlooked by thousands of new entrants. The average investor has to be more careful this time around while making any decision regarding the crypto industry. 

What are the factors deciding the value of 1 Bitcoin?

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The value of one bitcoin unit will be the thing you need to get to know much more about. Bitcoin is developed in a time of financial crisis globally. In 2009, Satoshi Nakamoto released the cryptocurrency. Bitcoin doesn’t represent some organization or company. When you purchase a cryptocurrency, both bitcoin or any, you’re the proprietor of that currency. You can learn more about bitcoin trading through this trading software .

These cryptocurrencies aren’t governed by any kind of greater authorities or even companies. Buying Bitcoin from the stock market is extremely diversified. As stocks are symbols of organizations or companies, though bitcoin isn’t an organization. You will find many concerning factors that determine the importance of one bitcoin unit. This means you should be conscious of those factors while investing resources in bitcoin or maybe some other cryptocurrency.

1 BTC Unit and Hard Fork

Hard forks refer to the progress of the execution of sophisticated technical modifications on the bitcoin complex. Anybody who’s a crypto fan is aware that bitcoin has forked many times within its history.

That, in turn, impacts bitcoin’s worth to a great degree. They’re a few technical problems with Bitcoin. To resolve these problems, bitcoin gets substantial changes in its complexity.

Who’s making changes in the technical area of bitcoin? Bitcoin isn’t subjected to any greater authority. The control of Bitcoin is in the hands of Bitcoin miners or even generators. Briefly, the ongoing change of bitcoin’s complexity variates the worth of bitcoin, because there aren’t simply hard forks. The bitcoin system is additionally existing with soft forks.

Value of 1 Bitcoin Unit as well as Supply and Demand

The connection between supply as well as demand is among the most fundamental. It decides not merely the worth of one bitcoin unit but each precious asset found in the instance. The need for cryptocurrency grows as the availability of bitcoin drops. The scarcity of Bitcoin is among the primary reasons the availability of Bitcoin is decreasing.

The routing method of Bitcoin traders raises the scarcity of Bitcoin. The return on investment in bitcoin makes every person, as well as an attendee in the crypto market, hold bitcoin for a longer period. Bitcoin miners are similarly not prepared to market bitcoin units within the industry, since the greater number of producers of bitcoin has risen. The output of these bitcoin mining pools is simply improved because the ROI of bitcoin is improving.

Government Authorities as well as Media

The crypto business is significantly affected by the press as well as government departments. The revelation of the press, particularly the tweets as well as actual-life steps of the well-known personalities, decides the valuation of one bitcoin to an overcommitting level.

Bitcoin is a politically completely impartial cryptocurrency. The greater authorities’ remark consequently impacts bitcoin price. Probably the most visible instance of a situation would be China’s announcement of a crypto crackdown. On the 18th of May, China confirmed the cryptocurrency crackdown within China.

The main motive behind the creation of the crackdown was to restrict cryptocurrencies, especially Bitcoin Mining. Along with other cryptocurrencies, the worth of bitcoin was completely declined due to the announcement made by the joint committee. Bitcoin’s worth dropped by 30%. Briefly, the declaration of federal authorities related to bitcoin brings the valuation of bitcoin to an exceeding level.

Industrial Crowd

The subject of cryptocurrency is presently a hot topic within the vanilla market. The most widely used cryptocurrency in the marketplace has been bitcoin, after which reworking the fundamental idea of bitcoin. Crypto enthusiasts have created superior cryptocurrency coins in the market. The cryptocurrencies market is continually competing with one another. The Altcoin business operates on over 9000 tokens. Altcoins are just a side effect of bitcoin.

THE GREATEST DANGER FOR ECONOMIES: INFLATION

When it comes to inflation, people are scared. They fear that their money will be worth nothing tomorrow. The images of this situation after World War II are still in people’s minds. Back then, people had to carry money in sacks just to buy a piece of butter or bread. Money has lost much of its value. And although experts have been studying the phenomenon of inflation for decades, there is no cure or protection against it. 

It is unique, like gambling at the legit Canadian casino Play Amo

But the problem these days is that the majority do not know what inflation is. It is simply seen as a threat to a nation’s economy and prosperity. 

This article aims to provide a better understanding of what inflation is, how it can be measured and what causes it.

Inflation indicates an increase in prices over a period of time. It is generally measured. For simplicity, it mainly focuses on price increases in everyday products or services. So people can easily see the inflation rate. Usually, the period is one year. For example, the prices of normal goods such as bread or other goods are compared from year to year. This then shows the extent to which it has become more expensive. 

To combat the negative effects of inflation, consumers are calling for government support. Either by legislating a limit on price increases or by raising wages. For governments to have an overview, household studies are conducted. 

To determine the cost of living for the average consumer, government agencies conduct household surveys to identify a basket of frequently purchased goods and services. These surveys can be used to compare inflation rates over time.

In these calculations, it is important to consider real income. Normally, the rule is that when real income rises, so does the standard of living. But in times of high inflation, people get less for their salary. This is because income stays the same, but prices rise. 

However, it is important to distinguish between inflation and hyperinflation. This term describes full-blown inflation. Usually, it increases by 50% or more. This is what has happened in recent history.

Zimbabwe in 2006 is certainly an example here. This was caused by government policies and supply shortages. In 2008, inflation reached 79,000,000,000%. This is one of the worst cases of inflation. The most recent case can be seen in Venezuela in 2013. This was a result of the excessive spending of the government and the excessive pressure on its currency. 

However, the worst case of hyperinflation occurred in Hungary in 1946. Hyperinflation reached a level of 13,600,000,000,000%. This is the highest rate ever recorded. 

Another example is Armenia in 1993, where the hyperinflation rate was 438%. This was caused partly by the economic decline following the dissolution of the Soviet Union and partly by a devastating earthquake in 1988.  

THE CAUSES

After all these examples from recent and older times, the main causes of inflation became clear. When a country is in debt, especially underdeveloped countries, it is likely to simply print more money. This is not a solution, as could be seen in Venezuela in 2013. In summary, the main reasons for inflation are excessive government spending, wars, widespread corruption, and disproportionate money printing. This can lead to supply shortages, which in turn can trigger further inflation. 

More generally, inflation can also be caused by an increase in production costs or an increase in demand for products and services. The fact is that there is little you can do to prevent it and do your best to be prepared.

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