"I was not born into a rich family, nor am I one who will receive much inheritance from my parents and I have to work hard to make ends meet." At least that's a sentence from my friend that inspired me to make this thread.
I honestly feel that the sentence above is one of the saddest sentences to hear when someone starts talking about their economic condition. It is clear that everyone is obliged to work to support himself and his family, but when they neglect investment then I believe that these people will never get rich except by a miracle of God.
Investing I mean not just crypto investing, but any investment he likes. This allows one to make good profits in the future. That is, the more assets that can be invested, the greater the bright hope for the future. I've heard stories about investing $1000 in crypto making someone a billionaire before (in our fiat currency), and it's a fact to say that don't expect to get rich without investing unless you are the heir to rich parents.
Obviously, this is true, but I feel Investments in traditional assets is no more the key to becoming rich, everyone does that these days, it might make you financially protected and safe, however, forget that it will make you rich in any way. Traditional assets give at max a return of 12-15% which to is in equities in a longer run, while inflation these days is around 5-6% even for countries like the US. In such scenarios, the only way one can become rich is if he keeps investing for 25 years straight and then enjoy what he has earned after turning around 50. I would rather recommend finding newer ways of getting greater ROI, crypto obviously was a way then come to the NFTs, don't put in everything here but start small and eventually put some percentage of your capital when you are confident enough. This way only one can become rich these days, |
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There are crypto proponents who have rallied in support of Ukraine and tried to find a role for crypto. Thanks to that, Russia’s invasion of Ukraine can be called “the world’s first crypto war.”The cryptocurrency exchange FTX, for instance, has given the equivalent of $25 to every Ukrainian user on its platform to use as they please, according to its CEO Sam Bankman-Fried. One of the co-founders of the Russian protest band Pussy Riot, Nadya Tolokonnikova, has organized a fundraising effort to sell 10,000 NFTs of the Ukrainian flag. Vitalik Buterin, the Russian-born founder of Ethereum, has encouraged people to donate to humanitarian efforts in the country with crypto. Of course, some of crypto boosters’ efforts to inject the digital assets into a war effort have been a little cringeworthy. It doesn’t really help for a bored ape NFT person to express solidarity with Ukraine. Given the scamminess of parts of the space, it’s also hard to know which projects are actually going to help people in Ukraine and which ones are just money grabs by opportunists. Until now, we do not know whether it’s good or bad in wartime, crypto is doing what its proponents say it does - giving people a way to work outside of traditional financial institutions - and there’s no sign that will change anytime soon. (Via vox.com)This definitely isn't a crypto war, you might say that crypto space is using its asset to support the war, but more or less the support has just been on one side, I think crypto is something that can never spark a war amongst countries, in fact, cryptos can be the reason why countries can get united in order to save their fiat. Talking about scammers they are going to exist in every world and every scenario, they are never going to go away. But here I feel really bad for the common folks, on both the sides, I am sure even the Russians don't want the war, but have to suffer unnecessary sanctions and burdens. |
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US inflation soared 7.9% in past year, a fresh 40-year highPropelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.
The increase reported Thursday by the Labor Department reflected the 12 months ending in February and didn’t include the oil and gas price surges that followed Russia’s invasion of Ukraine on Feb. 24. Since then, average gas prices nationally have jumped about 62 cents a gallon to $4.32, according to AAA. Looks like the inflation will be even higher than this when the next quarter's numbers arrive. Probably double digits. I've also read that the FED might not now raise the rates because of the conflict in Ukraine with Russia. I guess hyperinflation is near. edit: fixed a big typo. "...FED might not now raise..." Sorry about that.  Haha US is putting up sanctions on Russia not knowing how their taxpayers are going to suffer when it would come to footing the bill of all this. Moreover I even read yesterday US approved a $13 Billion budget for aid to Ukraine. This is like adding fuel to fire of budgetary deficit already going on in the U.S. I am more surprised to see how US is not ready to accept that it's economy is actually burning and when it comes to repayment of national debt they are going to suffer a lot. |
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Your strategy looks great but practically isn't viable for multiple reasons. The first assumption for this to happen is the very volatile market is there which is actually giving big rises and drops because market retraces nicely only after a sudden drop or rise, it won't necessarily do it if it goes slowly to the point. The second problem is that you are not considering the cost of funding you will have to pay when you are waiting for the market to come down to 35k, it can take a day, two days or maybe even a week, Will the profit from the trade be able to justify the funding cost you have spent for holding the trade? Third problem is no SL, let's say it is a very bad day and market just keeps on falling, what is the end point you are keeping? What is the insurance for your liquidation point? In case you hit just one liquidation point in blue moon your whole capital is ruined.
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Trading should be supported by goverment
Also should be some kind of reward or insurance kind of system if you lose you dont lose your own funds but they are free this way more people want to trade.
Goverment can easy support traders with traders social support allowonce i name it tssa allowonce monthly to spend like 1000-10k or if you have business account then even more support
Haha why would any government in the world support traders with these subsidies? Trading is a 100% loss activity for beginners which means all the beginners are always going to lose some money when they start. If the government starts giving them incentives in the times they lose, the government will have to pay huge sums out of taxpayers' money. Moreover, if you are assured that you are going to recover the lost money from the government you on your own won't take the thing seriously. Government can support traders who are trading in real life helping in bridging the geographic gap between manufacturers and retailers but it makes no sense for government to support retailers sitting in front of their screens to press buy and sell buttons. |
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Russia is considering shutting down the internet connection to the rest of the globe. What will occur? Is the hash rate decreasing? What will happen if the connection is re-established in a few years?
As per the latest data Russia has almost 12% contribution towards the hash rate of the total globe. Only if you include Kazakhasthan it reaches upto about 30%. So if Russia blocks the internet then I don't see a very drastic effect of it on the Hash rate, just a 12-15% drop. If you want to take reference I would rather recommend see China, it had almost 50% contribution in the mining hash rate before China completely banned bitcoin mining from its territory even after that since then I have seen hash rate rapidly increasing instead of falling down. This might have owed to the price increase since then. Therefore I am sure Russia block access won't be a major issue for the world. |
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Upon Putin's invasion of Ukraine and the limited ability to stop the imports of gas and oil from Russia to avoid financing the military aggression. Ursula Von der Leyen today mentioned in the European Parliament that this shows how the strategy to transition to solar and wind is strategic in more than one way and is not only about climate change.
Solar and wind power and by nature quite distributed and avoid the existence of critical and dangerous energy infrastructure (e.g. nuclear centrals)
I am not very sure at this point how would Europe be able to harness enough Energy out of Solar and Wind sources to replace what it was getting through oil and gas. I think the deficit would be too high and Europe doesn't really has that much space to develop both these resources. A better bet would be Africa where there is plethora of both these resources available but then transporting these sources of electricity could be an issue. T& D losses would be way too high. Nuclear energy could be a better solution honestly at this point. |
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There are suspicions that Russia might fight back by shutting gas supply to the West. Some sources confirmed that the US is already in talks with Qatar to become Russia’s substitute. But Qatar and other oil and gas producing nations confirmed that they will not be able to provide substantial amounts of gas to replace Russia’s supply. African countries have been tipped as the best option because the continent has some of the world’s deepest gas reserves. But Africa might not replace Russia because of insecurity and lack of infrastructures. Who will replace Russia? https://www.aljazeera.com/economy/2022/3/1/analysis-can-african-gas-replace-russian-supplies-to-europeTrade is a two way deal, if Russia won't sell natural gas to Europe where will it sell all the Natural gas that it has? It'll be a great loss on its foreign exchange reserves, chances are once things return to normal the sanctions will be taken back by the West and Russia too will restart the supply of gas but just in case it doesn't. This will be a great opportunity for the African countries to develop it's infrastructure, they will even get a lot of support from the west and can easily become a the new natural gas supplier of the world pretty easily. |
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I recently came across an interesting picture of various asset classes with annualized returns over the past 10 years. Another proof that bitcoin as an investment has no competitors: | Asset | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | | ___________________________________ | ________ | ________ | ________ | ________ | ________ | ________ | ________ | ________ | ________ | ________ | | Bitcoin | 218% | 5428% | -58% | 36% | 120% | 1375% | -74% | 95% | 305% | 60% | | Gold | 7% | -28% | -1% | -10% | 8% | 14% | -2% | 18% | 25% | -4% | | US Dollar | -1% | 0% | 13% | 9% | 4% | -10% | 4% | 0% | -7% | 6% | | Real Estate | 16% | -1% | 23% | -1% | 5% | 5% | -8% | 24% | -8% | 37% | | Energy | -9% | -5% | -39% | -39% | 14% | -4% | -13% | 12% | -43% | 52% | | Commodities | -1% | -10% | -17% | -25% | 11% | 1% | -13 % | 5% | -4% | 27% | | Global Aggregate Debt | 4% | -3% | 1% | -3% | 2% | 7% | -1% | 7% | 9% | -5% | | US Treasuries | 2% | -3% | 5% | 1% | 1% | 2% | 1% | 7% | 8% | -2% | | US Small Equities | 15% | 37% | 4% | -6% | 19% | 13% | -12% | 24% | 18% | 14% | | US Large Equities | 13% | 30% | 11% | -1% | 10% | 19% | -6% | 29% | 16% | 27% | | US High Yield | 16% | 7% | 2% | -4% | 17% | 8% | -2% | 14% | 7% | 5% | | US Investment Grade | 10% | -2% | 7% | -1% | 6% | 6% | -3% | 15% | 10% | -1% | | US Government TIPS | 7% | -9% | 4% | -2% | 5% | 3% | -1% | 9% | 12% | 6% | | International Desktop Metal Equities | 14% | 19% | -7% | -3% | -2% | 22% | -16% | 18% | 5% | 9% | | Emerging Markets Currency | 6% | -2% | -4% | -7% | 3% | 11% | -4% | 3% | 3% | 1% | | Emerging Markets Equities | 15% | -5% | -5% | -17% | 9% | 34% | -17% | 15% | 16% | -5% | | Emerging Markets HC Dept | 18% | -4% | 5% | 1% | 10% | 8% | -2% | 13% | 7% | -2% |
Table of monthly profitability of bitcoin for the last 10 years: No offense but if you keep some other altcoins along with bitcoin here it might prove to be an even better investment say for instance Shiba Inu, an Investment isn't only decided by its historic returns but also the volatility, future prospects and utility. Volatility is important because what will you do if you invested in 2017 and want to take out money in 2018? Will you take your money out at a 70% loss? Absolutely no! Moreover if everyone decides to treat bitcoin as an investment option then what utility is it actually left with? |
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These types of resources are really easy to find, just one search on google or youtube can land you upon any such page which will give you many strategies to look around from. But the main key to successfully trading cryptocurrencies is to have that emotional intelligence on when to trade. Not only that you should be prepared with risk management tactics to ensure that you are not losing more than what you actually win. apart from that practical implication of all these tactics is extremely difficult too at a lot of points you will start to follow this but later on you will realize that even if you lose a single trade you begin to forget everything you have learnt, you start to challenge your learning and this is where trading becomes unprofitable and most people even lose on their capitals. |
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If you say that Australian bowlers performed badly because they were afraid and conscious about the security, I think it is straight-up dumb reason. That's probably the best security that could ever be given to a cricketing team. I think the actual reason is the pitch doesn't seem to be helping the bowlers at all. Right now Pakistan has declared their innings for 476 runs and Australia is still trailing by 471 runs.
Haha, I don't know who is giving this stupid excuse of security concern. Anyways, you are right pitch isn't good for bowlers at all, before the match I thought spinners could enjoy the game while pacers obviously would struggle, but even spinners haven't really got any juice out of the pitch. Now it will be interesting to see Aussie batting, if they also are able to bat this easily just like Pak did, obviously match would end as a draw, but with an older pitch if the Pakistani Spinners can do some magic, the match will be an easy win for Pakistan without even coming to bat again. Even though both the Pakistani Spinners don't have much experience so it will be interesting to see how they play this high pressure match with Aussies. This is just going to be a boring draw between these two teams in the first test because the pitch is just heaven for the batsman and the bowlers are not able to extract anything out of the pitch. The third day has already ended and the first innings of the team batting second is still nowhere to be ending. Unless something really unexpected happens this is surely going to be a draw. And I think none of the team are stupid enough to suddenly think about winning this match and taking on the bowling Exactly as expected, the type of pitch we were having it was expected this was going to happen, it was just Pakistani fans who were too excited about pak's innings, after Australia's performance on day 3 it's almost sure that this match is going to end in a draw Aussies will easily be able to defeat the lead made by Pakistanis and then even they come to bat they won't be able to win this match from here. |
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Hello, there are site that make me open a LLC or a Offshore company, making payment with BITCOIN?
This is easy to be done but what eventually is the purpose of it? If you create a random private key address and smartly transfer everything there, nobody can trace it out from you anyways. Making a LLC abroad for a virtual asset doesn't makes any sense. It instead will leave you with traceability which you don't want at all if you want to eventually hide your bitcoin from authorities. Not to forget that even though you have LLC in foreign these days using agreements between countries these assets located in offshore countries too can be confiscated. LLCs are generally used to hide properties under disguised name or to ensure that your assets are not touched in other country in case you are liquidiated in your own country. |
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For immediate payments and liquidity yes it is useless, if you compare it with gold or diamonds at this point even they would be useless because you don't have a diamond merchant who can buy them from you. But in the longer run networks, internet and electricity will come back live again, so as a store of value you definitely are leaving with something concrete and valuable not just something useless. For the time being you can say it might not help you getting out of that situation. |
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Hi Guys, i would like to discuss a thought. Russia is experiencing heavy sanctions by EU and US, especially the SWIFT Ban from the EU is a hard one. So what would happen if Russia went full adoption on BTC as this would be an unregulated alternative. In my opinion, this could throw BTC in a black hole, as US and Europe would be forced to ban or regulate it to death. (Quickly) What is your opinion on this topic, lets discuss  Kind regards AD Won't help. The problem isn't the Russian currency, the problem actually is resources that Russia needs and the debts it is under. Even if you start using bitcoin as a currency you would still have to pay for the resources also you still have to repay the debt you have taken. The problem would become even wilder as Russia would then have just limited bitcoins it just can't print more of it the way it can do for Ruble. So I don't really think this is a wise idea for Russia at this point. |
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Most probably we may see this test match ending in a draw. I know this statement looks pre-mature as we have seen only the first day of this first test match. I think that if the pakistan team played so well and managed to lose only one wicket on the first day against the best australian bowling attack, this shows the pitch is very good for batting and its hard to take 40 wickets in 5 days and therefore i would bet on a draw.
In fact, even win probability score states there is a 47% chance of a draw in this test match. Babar Azam remarked that the pitch would be good for scoring runs, after PAK chose to bat first. Pakistan's openers are batting well so far. In this batting-friendly pitch, the Australian bowling attack appears quite faded, with Nathan Lyon the only bowler to take a wicket. If Pakistan managed to draw this test match, then I am sure it will be a good for Pakistan. Australians are considered as a better test team (of course they are big 3  ). A draw for a big 3 is an insult for themselves. The so called "world best bowling attack" is only able to take only 2 wickets in 1.5 days. That's a shame for Australians and those who are afraid to play with Pakistan (India, NZ, England). If you say that Australian bowlers performed badly because they were afraid and conscious about the security, I think it is straight-up dumb reason. That's probably the best security that could ever be given to a cricketing team. I think the actual reason is the pitch doesn't seem to be helping the bowlers at all. Right now Pakistan has declared their innings for 476 runs and Australia is still trailing by 471 runs. Haha, I don't know who is giving this stupid excuse of security concern. Anyways, you are right pitch isn't good for bowlers at all, before the match I thought spinners could enjoy the game while pacers obviously would struggle, but even spinners haven't really got any juice out of the pitch. Now it will be interesting to see Aussie batting, if they also are able to bat this easily just like Pak did, obviously match would end as a draw, but with an older pitch if the Pakistani Spinners can do some magic, the match will be an easy win for Pakistan without even coming to bat again. Even though both the Pakistani Spinners don't have much experience so it will be interesting to see how they play this high pressure match with Aussies. |
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In general, with all the current economic problems, will we hear of a "ban" of Bitcoin soon? At least in European countries?
Highly unlikely! EU wouldn't dare to ban bitcoin. They may put some strict guidelines like all mining operations must comply with Green energy norm to reduce the carbon footprint, but a blanket ban is highly unlikely to happen! EU is a environmentally conscious continent but at the same time, economy is a challenge. So I am sure EU legislators will not take such a risky step like banning POW cryptos including bitcoin. Banning Mining is something else and banning bitcoin is obviously something else, if we see it from environmental point of view most of the Energy in Europe already is green energy so bitcoin technically is running there on green energy only. We all know that Energy demands of the planet are ultimately going to increase as we develop further so I don't think Europe would look at this with such a narrow perspective. |
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In diplomacy, they want to look like the victims here who are just defending their territory so that if the battle escalates somehow they have favoritism on the international stage Still caring on how others opinion/look into them at such time? That's nonsense, as the state leader he should think how his government can stop the war, to avoid more damage, and losing its people. He should know when to stop and surrender if you can't win a war. If this war lasts longer, imagine how ukraine will become. It takes lots of years to recover from a war, building its infras, gaining growth to its economy where all business stopped, destroyed, lack of supplies etc. Surrender is not an option at all, at this point in global diplomacy the west is pumping up Ukraine with a hell lot of funds and ammunition just to ensure that Ukraine doesn't surrender so Ukraine won't surrender anytime soon. Talking about destruction, war is all about destruction, even if Ukraine surrenders today there will be some other neighbouring country of Russia under attack you cannot just expect Russia to be silent after this. |
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Hi guys,
So recently I have received an option to buy a company that can provide Virtual Visa Debit Card. However, there are enough of these companies available so I'm looking for a niche.
My plan is to make it possible to buy real Virtual Visa Debit Card (Not a Giftcard) with cryptocurrencies and service like PerfectMoney.
I have 2 products in mind. A refundable and a nonrefundable visa cards
Product 1#
A refundable and withdrawable Virtual Visa Debit Card. (KYC needed)
Refundable with crypto, credit cards, perfectMoney and a couple of local payment methods.
Withdraw from your Virtual Visa Debit Card to: Bank, PayPal and other local methods.
Product 2#
A nonrefundable and non-withdrawable Virtual Visa Debit Card. (No KYC)
You can buy unlimited amounts of pre-funded cards, up to $250 for each card. These cards are not refundable, and you cannot withdraw money from the card. You can only spend the pre-funded amount online.
You can easily manage all your card, buy, fund and withdraw them from one dashboard.
All of these products have a free anonymity option that means you can choose the name on the card.
Please let me know what you guys think. If there is enough enthusiasm, I will buy the company and complete the software.
EDIT: We may also add Physical refundable and withdrawable visa cards.
Love -
I don't understand why is this required in the first place? We are not giving any credit to the person holding the card so in both the cases will have to prefund the card. So instead of funding the card why won't a person directly make purchase from the his wallet itself? He can directly connect the wallet using some metamask or other software to the browser and make payments on online shopping. |
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With the recent Russia/Ukraine invasion, the Ukrainians asked for help accepting bitcoin and other form of donations.
Having know, Scammers are taking chance of this moment to invade as well, it's best someone we all be guided and not fall as victims to this.
Five minutes of your time can lead to an hour, please be guided in this times.
You could share to your pals, I felt I should share this. People are lossing funds!! I'm no expert at privacy of coins buh take caution and be Cautious.
Thanks X
I feel if today's world you have to tell someone to be cautious while making payments he/she really lacks information. These sort of people will always get scammed no matter what happens, no matter how much you teach them, there will always be scammers who know how to scam someone very easily and on the other side there will always be folks who become victim of these things due to their naive nature. Op you are right concerning your opinion. The Russia-Ukraine invasion many people will use it as an advantage to generate money for themselves claiming they are taking donations that will favour the citizens but it is untrue. If one must do any donation it is important to make sure that where the money is to be donated is genuine, people just need to be careful not to allow scammers to take advantage of them. OP thanks for letting the public get aware about this.
Really shame on those people who do not care for the innocent people dying in the war, but they only care for themselves and talking money as donations but spending them on themselves. Don't they have any fear of god  Haha we are amidst war and you are talking about morals? If there was any fear of god why would the war take place in the very first place? |
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Usdt and usdc not volatile and you can send them fast and cheap.
And usdt and usdc not the usa dollar so they not related to any country currency.
Dollars been just used some part of it to print and mint stable usdt.
Bitcoin not good as safeheaven as one day it goes up other day low.
Gold is also bad as you cant move this around the world and its volatile price can go down.
One thing...just we dont need regulations over crypto we need privacy only second point dont let anyone to freeze your usdt this is stealing anyone who justify that are crooks also.
The volatility is not store value it good only for the speculation like it is the gold and btc and other volatility coins.
Usa is ahead of everybody now as they have USDT whoever made USDT is genius its best you can have private currency in your wallet and it has value.
USDT is safer than USD? Even though you are right it's hard to trust any government around the world be it the government of the biggest superpower but despite that I have more trust on a central government than merely one single private exchange. Yes, you read it right, there is one single exchange, Bitfinex, which is responsible for the creation, minting & burning of USDT, they control the supply too and cater to the demand too. Moreover, the reason why they are able to maintain the stable value is that they say they have enough USD reserves to back up the currency that they have generated. So if you don't trust the USD in first place how can you trust a derivative of the USD? |
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