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1021  Economy / Economics / Re: Why you can't be rich by owning crypto on: April 09, 2021, 02:56:42 PM
The illusion that the value of your Bitcoin wallet is increasing only works when you compare it with other currencies, and if every other currencies go extinct, the only way to measure our currency is by number of things that can be bought for one unit(purchasing power)

I'm not sure if that's how it works, correct me if I'm wrong(I'm not really an economist)
Well, you can still get rich with Bitcoin, same way you can get rich through anything that you choose to do be doing. The question after you have gotten that rich is what are you going to be doing with that money to maintain and keep the riches? One thing is it get rich and the other is to maintain that status.

If you’re getting money, but you’re careless and not doing things rat you’re meant to do, such as investing that money and creating businesses that will bring you extra money, then you’re going to lose that riches. I don’t know why anyone would get rich through Bitcoin and choose to close their sources of income, when you know for sure that you can start up a business and hire people and put someone in charge to manage it, so you can be making income .


This thread reminds me of the tweets of people who I think really stir my heart.  He said that what is difficult in these two choices?  You cannot buy 100 $ goods because you only have 10 $ or you can buy 100 $ items because your income is 1000 $.  Which of the two options is the most difficult?  The choice you make can show yourself whether you can be rich or not.  Because if you choose the former, you don't think like people who have good financial literacy.
1022  Economy / Economics / Re: Flexible Work Schedule on: April 09, 2021, 02:04:51 PM
being a big advantage to currently use digital technology, it all helps make our lives easier. especially in an era like this, the time seems not enough to carry out our daily activities. but keep in mind we must use it wisely, must be able to sort out the needs and desires, so that we can use them properly

Indeed, working flexibly makes it easier for workers and is also more efficient.  Jobs that can be flexibled are the types of back office jobs.  However, there is a fact that I have read from a research journal that 50% of the existing jobs will be lost in the future, especially back office jobs.  They are replaced from permanent employees to freelancers who can be paid and worked anywhere.  This is both a challenge and a threat that not everyone is prepared to face.  This generation of z lives with full of obstacles that sometimes require their z character to be not humanist.
1023  Economy / Economics / Re: Janet Yellen to call for unified global corporate tax rate on: April 09, 2021, 12:39:43 PM
In preparation for the Biden's administration planned hike of the US corporate tax from 21% to 28%. Janet Yellen will propose G20 nations coordinate to legislate a global corporate tax rate to prevent amazon and others from moving operations from the USA to other nations with lower corporate taxes.

Trump is a very weird person and made some bad decisions, but here we see how much good he made reducing taxes...

I think any "unified global tax rate"  would be terrible, and specially good for China. They will not follow those rules and will get benefits from it.

Those global pacts usually also hurt the sovereignty of the countries, which won't be able to attract companies when they need to create more jobs, neither get more money from taxes when they need...

My 2 cents, I think the less rules, the better. Governments world wide already make so many rules, we don't need a "central government" with more rules to all of them.

I also see that, some of Biden's policies seem too hasty without visionary thinking.  To be honest about this tax, it will definitely be burdensome for many entrepreneurs in the USA and good news for its rival countries.  As long as Trump became president he continued to carry out policies until a trade war broke out.  China is the country that has benefited the most from this.  The Chinese businessmen are subsidized by the government, while the USA instead burdens them with taxes.  In the midst of this pandemic, not many relaxation policies for financial ones have been exacerbated by Biden's policy in the name of building infrastructure.  Is this what all the people expect from the elected president?
1024  Economy / Gambling discussion / Re: Premier League Prediction Thread 2020/2021 on: April 09, 2021, 11:13:26 AM

Tactically it forces the other team to have its fullback play more defensively to block that space Traore can use with his pace and strength.

It's not an uncommon tactic, the thing is that usually these kind of players end up scoring a lot of goals and creating a lot of chances. Traore gets into these positions a lot as well, but his decision making is so poor in these situations so he ruins them all.

A really frustrating player to watch if you are his manager. He has the potential to give you something extra, you are relying on it game after game, yet it never happens.

A player like Traore who makes the entire crowd furious.  When the audience has put such high expectations and it is crushed at the last second.  Traore is the one who does that the most, it is only natural that he cannot be transferred to a bigger club because his strength is still not very supportive of the team.  He just ran without a perfect execution and this should be his big task to bring out his more potential.
1025  Economy / Gambling discussion / Re: Beware of the Frauds , how pandemic is affecting gambling negatively on: April 08, 2021, 03:04:45 PM
They have already been existing in the past mind you, but since the paradigm shift to digital services brought about by the SARS-CoV-2 pandemic, their huhting ground basically became bigger and wider.

True. They activities grew much during the pandemic because they know that during this period, a lot of people will be so willing to fall for them cause almost everyone are trying to seek a new experience from online. Just like every sxammer, they know when to pitch their rent and draw more customers.
Fraud existed before the pandemic occurred and may only increase during this pandemic or because there are opportunities and economic factors that force it to do so at all costs.
and the easiest target for them is social media which continues to grow with lots of advertisements and investment offers or gambling sites that promise big profits, and personal messages will be used to communicate with the target.
And, oddly enough, con artists know gullible targets and succeed?

Everyone knows that very well, which is the point are you ready with AI from the company as a security screening tool on the site?  For me this is very good, but I am only a small class gambler not with a large balance so my opinion is not very influential.  However, if you have a large balance, maybe your personal data is something that must be maintained and the weakness of AI is at this point.  If there were other alternatives for higher security but did not interfere with the privacy of the gambler then this would be the best solution.
1026  Economy / Economics / Re: Are "Work Ethics" & "American Dream" a way to keep people working hard? on: April 08, 2021, 02:21:18 PM
In short, I think what OP meant was working hard vs. working smart. People who belongs to hardworking are those people who works for money, and the latter are those people who makes money works for them. Is there any difference? the answer is YES.

If you're the type of person who works for money, you'll never achieve any big goals in your time in which you could still work pretty good, so the ending is that you'll only achieve one average goal when you're already in your 50's, which is pretty bad. Unlike if you work smart, you could achieve a lot of things and when you're in your retirement age, you'll only be in your 40's sipping on your glass of wine in your own private resort.

I have very much understood until recently how the rich work and how the common man works.  We can clearly compare the rich to be rich because they work smart.  Likewise, an ordinary person works very hard until his sweat is flowing profusely but he is also not rich because he is not smart in managing his money and how to earn money.  The minister in my country said that the fundamental difference between developed and poor countries lies in the financial literacy of their people.  Because the better the community is able to manage their finances, it will help their country succeed in getting out of the poverty zone.
1027  Economy / Gambling discussion / Re: Premier League Prediction Thread 2020/2021 on: April 08, 2021, 01:18:33 PM
Adama Traore is really a beast of speed. He deserves to have more score but I guess The Wolf is really weak by now. It is hard for him to carry such team. In the next few matches, I assume Nuno will declare some new change so as to boost the current performance of the whole squad.

If Wolves keeps losing like that, Adama should consider moving to another team for better environment and trophies

To a better team? The guy is utter shite, a truly horrible player. He should have been a NFL receiver, all he can do is run.

He should be playing in a worse team than Wolves, he's not carrying anybody, it's them carrying him waiting for him to not mess up literally every chance he gets. Trophies? The only one he can get is for spending the most oil per game.


It's true, Adama isn't that valuable to be on another team.  Because the running speed he has is not collaborated with skills in his soccer game.  He was fortunate with that excess of speed but other players could easily cut his path because his skills were not good enough in the game's tactics.  However, you should admit that this time he was much better than before.  And the Barca coach has acknowledged that.  He developed more steadily.
1028  Economy / Gambling discussion / Re: Premier League Prediction Thread 2020/2021 on: April 07, 2021, 01:47:40 PM
I'm still waiting for Adama Traore to score a goal this season. Amazing really, with that speed and strength - 0 goals in over 2000 league minutes.
If Wolves keeps losing like that, Adama should consider moving to another team for better environment and trophies

I don't think that Adama need moving to another team because he has improved his skills in Wolves. Don't you forget that Adama was rejected by Barcelona because his speed not really valueable. But when in the Wolves, he has been better than before. His speed combine with his tactics and this is really usefull for Team. Even the Barcelona coach has admitted that currently Adama has developed well.  Tactically, Adama has shown significant progress.  And he is very happy with Adama who is now.
1029  Economy / Economics / Re: How will financial crisis affect crypto? on: April 06, 2021, 03:35:22 PM
Quote
How do you think this will affect crypto?
Bitcoin is a decentralized currency that is not control by financial agency. Financial crisis cannot stop bitcoin not to pump or dump no matter what is going on in the country economy. Based on what we saw during the pandemic, show that financial crisis cannot affect crypto currency.

You are right in that statement, at the beginning of the pandemic there was a fall in the price of Bitcoin, like many markets, but after being in a low price for some time it began its bullish trend, this also helped some gold investors they took refuge in Bitcoin. Also the confinement forced them to stay at home and move their money through Bitcoin and it is much faster and more effective, this facility is what also helps investors to move their money without the need for third party permission.

Now the world is going through new strains again, it is likely that we will see another increase and possibly another new ATH of Bitcoin, which is occurring due to the amount of investment by the big ones, such as Paypal, Elon Musk, some celebrities have showed her interest and being a bitcoin hodler like Paris Hilton.

Maybe Bitcoin can't affected by Financial Crisis directly but when the Financial Crisis happens and the hyperinflation break all prices of comodities, middle up societies can't buy Bitcoin or other Crypto for their Investment because their need basic have spent much money and decrease their income a lot. So from the demand side of Crypto market Will be lower and the price Will down too. I see this threat from the simple way.
1030  Economy / Services / Re: [OPEN]Betcrypt.io | Decentralized Sportsbook & Casino Signature Campaign | Hero+ on: April 06, 2021, 02:57:09 PM
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=387544
Current amount of posts:    1439
bech32 BTC Address: bc1qskffn8acumqfv662k7rh3xrftqaqalhratgjne
Amount of EARNED merit in the last 120 days: 9
1031  Economy / Economics / Re: The total value of the crypto currency market is near $2 trillion on: April 06, 2021, 02:15:36 PM
Following the upward trend in the crypto currency market, the total value of the crypto currency market set a new historical record and was near $2 trillion.
According to CoinGecko and CoinMarketCap, the total market value of crypto currencies on March 31 exceeded $ 1.9 trillion. The total market reached $ 1.99 trillion earlier in the day, setting a new record in history.
After the next correction, the total value of the cryptocurrency market fell slightly to $ 1.89 trillion at the time of writing.
The crypto currency market has surpassed Saudi oil giant Aramco, the world's second most valuable company after Apple, to reach its all-time high. According to TradingView, Aramco’s Saudi is worth about $ 7 trillion, or $ 1.86 trillion at the time of writing.
After surpassing Google's market cap of $ 1.4 trillion in February, it now surpasses the world's largest companies, including Amazon and Microsoft. At this moment of writing this post, the market value of Amazon and Microsoft is $ 1.5 trillion and $ 1.7 trillion.

Source: https://cointelegraph.com/news/total-crypto-market-capitalization-posts-new-all-time-high-above-1-9t

Im not suprised if the market value of Crypto has reached its new record. We can see the Crypto trend has been hype for several years. Some of my friends have been familiar because of Crypto, even when they were students at college, they have earned some profit as their passive income from trading Crypto. Now, they have been more success and richer than before. This is one of reason why the Crypto become a trend, This Crypto market have given many answers to everyone that they can earn double profit and become rich. My friend told me that he enteres this market with only 75$ as capital and his capital doubled just for one month and be 1400$. The story has suprised me a lot.
1032  Economy / Economics / Re: More bullish news: Paypal will alllow crypto checkout on: April 05, 2021, 02:20:28 PM
Yeah, and PayPal is probably the most popular payment processor when it comes to individuals sending money to one another.  This news, while a little bit old right now, is still huge and very bullish.

But as I understand it from the above post and others that you're still not able to withdraw bitcoin from PayPal, right?  That's something that I hope PayPal changes in the future, because then they'd become basically what Circle was back in 2016, which was a very convenient and legitimate bitcoin vendor.  There's been nothing like Circle since they stopped buying and selling bitcoin IMO.

I've been reading this news for a long time, but what hasn't been resolved is that Paypal still doesn't provide a crypto withdrawal feature on their platform.  Indeed, it is not simple to add this comprehensive feature.  Because there will be many policies that must be considered not only for the platform but also for other external policies such as the government of one country to another.  I used to work as a legal at a company and it is very complicated to form new regulations in the company.  So, this may still be in the process of formulating an internal policy which must be approved either from management or from the owner.
1033  Economy / Gambling discussion / Re: Premier League Prediction Thread 2020/2021 on: April 04, 2021, 02:04:03 PM
I think this is a winning prediction, Southampton is currently winning
It's one of those unbelievable result from Southamton. Two goals behind in 28th minutes of the match and from their before the half time they managed to equalize the score. I was expecting a draw in this match but Southamton managed to leave the ground with full 3 points.

Tottenham should win this match but I would like them to lose some points.
Southampton turned the game to them after being behind with 2 goals. Wonder know if Spurs can do the same vs Newcastle which just scored... Newcastle 1 - 0 Spurs
Annnd Kane scored 1-1 !!

Edit: Newcastle 1 - 2 Spurs. Table flipped for real this time!

Tottenham did well in this game.  Although it was quite tense in this match.  They pursue each other to be winners.  Kane is quite good at taking the opportunities that exist and making them a good opportunity for the team.  The ball pass given to Kane can be executed well.  I'm sure in the second half Tottenham can win this match.
1034  Economy / Economics / Re: Big test for Bitcoin during the next Economic Collapse. on: April 01, 2021, 03:09:02 PM
I am starting to believe that Satoshi created Bitcoin for what’s coming next, or might come next. Because of the COVID-19 pandemic, I’m not sure about the rest of the countries, but the United Stated Federal Reserve prrrrinted inordinate amounts of U.S. Dollars to stimulate the economy, with plans to print trillions more under President Biden. All the prrrrinting and a falling GDP MIGHT be the seeds for the worst situation of an Economic Crisis. HYPERINFLATION.

Bitcoin has been criticized as a medium “for speculation”. Big test. Is it just merely “for speculation”, or an actual “safe haven”? Will Bitcoin crash together with the rest of the economy, or will everyone run to it as a Store of Value?


I believe that there is a strong possibility that Bitcoin was created to solve the problems associated with the dollar. In other words, the dollar has already been printed a lot and this will only continue, which sooner or later will lead, as you already mentioned, to hyperinflation. If this happens, then many people and companies will simply lose their funds. BTC gives you a chance to preserve your savings and assets, but it is just one of the assets that can be used in anticipation of this. If you decide to transfer all your funds to BTC, then do not forget about risk diversification and better distribute your funds into different assets.

The biggest problem that the world is always afraid of is hyperinflation.  When the Central Bank is unable to carry out its duties in maintaining the stability of the country's economy.  In the past, it was not that easy to print money.  The money that is printed is guaranteed by gold, while at this time the money is printed at will and there will come a time when the money that is printed will not be as valuable as its face value, and is not feasible like ordinary paper.  This is the great thing that Bitcoin was created to fight inflation, for me in the future this will be needed by everyone as part of their portfolio to protect the value of the assets they have.
1035  Bitcoin / Bitcoin Discussion / Re: PayPal created crypto checkout service!! on: April 01, 2021, 01:50:20 PM
im wondering how they will handle payments done with btc for tax purposes. like do you get a 1099 or something? do you have to keep track of your cost basis and such yourself?

Any income coming from cryptocurrency payments are settled in fiat. PayPal users may choose to pay their purchases using cryptocurrencies but the merchants tied up with PayPal will not be receiving payments in cryptocurrencies. They will get funds in fiat. So I guess they will still fill out 1099 forms for tax purposes. But everything will be fiat-denominated. In this case, the US dollar.

The US government will not easily release all transactions in Crypto without any taxes, and this is the most effective way that Paypal uses to accommodate all the needs of its customers.  Consumers are facilitated by the existence of crypto and users still have to obey taxes, namely by facilitating Paypal in its conversion policy to fiat.  It's very easy for everything I think other big companies will soon imitate.  This could be a big example of implementing crypto transactions in the world ..
1036  Economy / Gambling discussion / Re: Premier League Prediction Thread 2020/2021 on: April 01, 2021, 12:05:19 PM
Mourinho's contract runs until the end of the 2022/23 season. So that will cost them greatly to sack him and then replace him with other that will have other demands.

It would be very costly for the club if they terminate Mourinho's contract midway through.  However, the future of the team in recent years could be much worse than it is now.  Until this season, Mourinho is still not able to bring his team to victory.  The defeat of his team is not a self-evaluation, sometimes Mourinho likes to look for protection in words.  He blames the player's contract, surprised by his own team, admits Liverpool is the best team, doesn't even care about the result of the match.  He is so selfish that he ignores the fact that his team needs improvement and evaluation.
1037  Economy / Economics / Re: PayPal cryptocurrency trading volume beyond expectations on: March 31, 2021, 05:25:08 PM
According to a statement from Reuters, paypal will open the possibility of paying in cryptocurrency for its US customers in millions of retail outlets, as stated by the head of the company Dan Shulman in 29 million retail outlets "For the first time, users have the opportunity to pay directly with cryptocurrency, similar to how it is done with credit and debit cards inside a PayPal wallet"
https://www.reuters.com/article/crypto-currency-paypal/exclusive-paypal-launches-crypto-checkout-service-idUSL1N2LR0OD

 
looks like this is one of the factors supporting the rise in BTC today.  I think in somedays BTC will return ATH.  Big investors must have smelled this news before it aired and soon they are keeping their assets to be multiplied in the future.  However, the influence of the news is how much I feel is only a few percent. The convenience that Paypal provides will boost the value of transactions that exist in BTC and other cryptos. This convenience will also familiarize many US people with transactions and make crypto a medium of exchange.
1038  Economy / Trading Discussion / Re: Btc and alts on: March 31, 2021, 03:38:07 PM
I don't think so if they are going to become synchronized because afaik every time the bitcoin pumps there's a possibility that the alternative coins will pump too and they become dependent on this but not all the alternative coins doing this.

Before going trading it's better to make an update about the coin we would like to trade there's a chance it will up or dump to keep aware of your self if this is the time to get your income.

Forget about altcoins, they will never pump if bitcoin is not healthy.

Look, the pump started when bitcoin broke its old ATH, the almost $20k to be specific and the altcoins season happen.
What I'm trying to say is that bitcoin dominance is too high and obviously its been dominating the market.

let's observe, if bitcoin will dump, for sure altcoins will follow. I'll bet on that.

It is only natural that this happens because basically the trendsetter in crypto is Bitcoin.  When the Crypto Mascot drops, the environment will be greatly impacted.  That is why Bitcoin's success will pave a bright path for other coin coins.  Everyone who is just starting out in the world of crypto will only focus on Bitcoin.  Though Bitcoin is a kind of crypto.  I firmly believe that the future of Bitcoin will be very bright as long as institutional investors continue to join in because they are interested in the technology being developed.
1039  Economy / Gambling discussion / Re: Premier League Prediction Thread 2020/2021 on: March 31, 2021, 02:32:56 PM
The Athletic newspaper conducted a poll on the happiness of the fans of each club in the English Premier League with the team coach remaining on the job next season, and some results were remarkable ..
98% of the  Everton fans want Ancelotti to remain
98% of Liverpool fans want the club to remain
88% of the fans Arsenal wants Arteta to stay.
45% of the fans of Tottenham want Mourinho to stay. Sometimes the results are not all that the fans demand, but the method, the personality and the project in the medium and long term, which are things that the Spurs fans do not see apparently in Jose Mourinho ... while despite what is happening in Liverpool this season Everyone wants Klopp's survival, and despite the fluctuation in the level of the Gunners, his fans believe in the existence of a project that needs patience and time. A lot will change at the end of the season its all going to depend on final results but fans have no real say on management but sometimes they can pressure the board on making the decision.

I am surprised that 45% of the fans still want Mourinho to stay at Tottenham, even though while under Mourinho, Tottenham's performance hasn't looked any better.  I more agree if the club replace Mourinho with another, maybe with a new coach there is new hope for the Team to become champions in the next season.  Is the data in the survey really valid, because there are many ways to collect data in statistics that are sometimes tricked by surveyors.
1040  Economy / Economics / Re: holding bitcoin from early 2010 till today on: March 31, 2021, 02:19:17 PM
Other than Satoshi himself, I do not know anyone who held that much for that long. There's no big reason as to why they had to anyway, since there's no merit to being called stupid in the past. Then again saving bitciin for that long is a very arduous task. But for security and privacy purposes, of course I'd conceal my identity to ensure that I do not get mugged of the streets, or that no one hacks on my computer to possibly steal my bitcoins.

The simple reason for those who have not been able to get hold of Bitcoin in 10 years is because the classic reason is economics.  I myself have found it difficult to hold Bitcoin for a long time.  This is often the case for retail buyers like us.  The income is often minus so that the investment becomes collateral.  I believe that those who still hold it are those who have excess money and are not experiencing economic hardship.
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