Just an asset? what about a currency as its stand by the name? though many of us threat this as asset yet some are still use this as Currency so why ?
cannot we consider this as Asset at the same thing as currency?
Unfortunately, because of bitcoins' unstable price, it won't be accepted as a currency by the majority of people. Yu can say it about gold, but only because it's price doesn't go down or up 10% every week. Admittedly, bitcoin's volatility is one barrier that keeps people from accepting it as a currency, but it's not the only cause. I think the main reason is because the government, they are the biggest barrier, they will never recognize any assets that are not under their control as currency. As long as they realize that, no matter how volatile bitcoin is, people will still use it as a currency. But you also have to agree with me, it may not be the world currency, but it is the best investment due to its volatility. Tell me, what do you enter this market for? You love technology, do you want to spread bitcoin as a currency or for money and profit? |
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Sevilla's performance in the Round of 16 and Group Stage was not very good. However, the Sevilla team performed well in the second leg against Manchester United and in the first leg against Juventus. And now in La Liga, this team has been able to continue to perform well. And I think Sevilla will be able to perform better in the home match against Juventus. The Juventus team is very strong. But their performance is not regular. Juventus' performance against Sevilla in the home match was very poor. They attacked very little. If Juventus play the same strategy in the second leg, they will not win.
I see Sevilla's chances are much bigger than Juventus, playing 1-1 at Juventus opens up opportunities for Sevilla because they will face Juventus in the second leg at home. We saw this exactly when they faced Manchester United at Old Trafford and Sevilla crushed Manchester United's big dream at home. I won't jump to conclusions too quickly who will qualify for the final, but I want to see how Allegri and Mendilibar's strategy is first. Playing at home is a very profitable thing, where Sevilla's motivation will be even greater, especially talking about Sevilla's Mentality in the Europa League and I have never doubted them so far. For Juventus it will be a difficult match and I'm sure they will find it difficult against Sevilla, because speaking of quality for me the two are not much different. I think it is actually going to be 50-50. I don't think it is clear who the winner is going to be. The first leg was very interesting. Juventus had possession of 60%. They could not form coordinated attacks in my opinion. Sevilla took advantage of that. Outside that Juventus did not deserve to lose that match. It was actually good to see Juventus getting a draw that they actually deserved in my opinion. I just do not see a clear winner in this match. I believe it is going to be evenly matched and very competitive between both of them. |
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Lyon, on the other hand, lost 2-1 against Clermont, which has made an excellent start in recent weeks.We have seen an incredible performance from Clermont and Lens this year.We have seen teams trying to push the limits against PSG, which has really dominated the French league in recent years. Unfortunately, these teams do not have transfer budgets as much as PSG.Despite this, PSG cannot open the point difference enough and we can say that they are forced to be champions.We could expect PSG to dominate the league again because they have a team made up of a mix of stars, but they have 6 points difference to their closest rival with 3 weeks left.
Clermont Foot is actually performing really well in recent times. I actually would have given them a chance of finishing in the top 6 if the point difference was not so big. The consistency from them is actually better than most of the teams that are ahead of them. I actually would have given them a chance to finish in the top 6 if there were some more matches left. Sadly it is very unrealistic to think that it will happen. PSG is the team which has the biggest budget in this league and that is a big reason why they are capable of stacking the squad with great players from all around the world. The other teams are not capable of doing that. This is indeed quite possible for Lens, because from what they have shown and got this season, Lens is a very extraordinary team because they are able to be in second place in the Ligue1 standings with a point difference that is not so far from PSG. This proves that Lens is a team to pay attention to in Ligue1 every season including next season too, because Lens can really present a slightly more interesting competition in Ligue1 this season.
Yes indeed, I personally prefer Lens to win the Ligue 1 title this season, because Lens has managed to maintain its consistency very well. Because so far, Lens is the only team that has only gotten one defeat for the home match. At least that is a very extraordinary achievement that the Lens team was able to get, because basically Lens is not a big team with high finances. So yes, I also hope Lens is able to keep up this form for next season. Because, if Lens can maintain this kind of performance from the start of the season, then it is very possible that Lens can win the Ligue 1 title next season. But yes, because Lens is not a wealthy team, it will be difficult for Lens to retain their key players in the transfer market later. Because of course, players who have high potential will be in demand by many rich clubs out there and that will make it difficult for Lens to maintain its performance. All the clubs that are not very rich have to face the same problem. It is like if you do not want to sell the players you would not have a very good amount of money in the bank. And if you sell the players you will only find out that you are not getting a good replacement for him which is the thing that happens most of the time. And sometimes when big clubs are offering huge amounts of money for a player, often times the player also wants to leave to play for a better club. |
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Juventus team managed to win home against smcremonese which was expected against an opponent from the relegation zone who is already relegated, am not a big fan of juventus team performance this season but it is impressive that they are on the second spot and made it to the semi finals of the europa league and still competing for the trophy, i think considering their many issues we can say this was a successfull season.
They only won 2-0 against Cremonese, but on the other hand, they had a statistically rich match. Even though Juventus can't get the first place in the league, it looks like they won't give the second place to anyone. Although the difference of 3 points between them and Inter threatens the second place, in my opinion Juve will finish the league in second place. Juventus is certainly not going to lose the second position. Not after having this 3 points lead. I would be really happy if they do not take any illegal actions against Juventus. They had already lost 15 points this season. But they still got themselves up to the second position of the table. And that performance was really one of a kind. This win was their third in a row. Actually, it is going to be interesting to see how Juventus is going to perform in the Champions League next season. But this season Juventus has to be a little careful because the goal difference is not better than Inter. So Juventus will have to stay in the lead compared to Inter. |
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Exactly as I predicted before and Sevilla really didn't let any chance for Real Valladolid to score, their defense was quite consistent until the end and even though Real Valladolid got 6 shots on target but Marko Dmitrovic did very well in goal. This will be a big motivation for Sevilla to have the second leg in the Europa League and another advantage is that they are playing at home so the opportunities are getting bigger.
The match between Espanyol and Barcelona also ended in a big win, where Barcelona managed to beat Espanyol with a score of 2-4. Lewandowski appeared very impressive in this match and he managed to score two goals for Barcelona's victory, this victory also looked so perfect because Barcelona came out as La Liga champions this season. Sevilla are slowly finding their way back and have been pretty consistent so far. I ignore their few defeats in the last few matches, but this team is much stronger compared to the start of the season. The great thing about Sevilla is that they have been stronger since beating Manchester United in the Europa League quarter-final second leg. Sevilla are more motivated and they have good confidence to qualify for the final. About the success of Barcelona, I honestly can't hide my joy. I've been very optimistic about Barcelona since the start of the season even though some people seem to insult them for no apparent reason. The best proof is the two titles that Barcelona managed to secure this season and they managed to beat their arch-rivals with a high difference in points. Sevilla does have a chance to finish in the top 7. It is going to be very interesting if they can actually achieve that. Considering the fact that they had started the season really badly and people started thinking they are actually going to get relegated this season I think they have done very well. I say they have a chance to finish in the top 7 mainly because the point difference is almost non-existent and the teams which are above them are also not very consistent currently. Barcelona has achieved great results in La Liga this season. They have a state at the top of the table from the start. They have actually deserved to win the La Liga title. But there are also some things Barcelona will need to work on. |
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Why are you panicking with these small drops? Aren’t you aware what are Bitcoins capable of? Bitcoins have risen from nothing to a valuable asset. If you still question on Bitcoin’s capabilities, then you don’t have the rights to be a Bitcoin investor. I mean took this downtrend as an opportunity, and try to buy as many coins as you can now. Hold the coins, till the demand among the members to buy Bitcoins increases, and hence sell the coins and make profits. Easy as that.
Not everyone in the market has as much knowledge as you, so there is no need to be too strict with them. Sometimes they're newbies who haven't been through the bear season yet, so it's normal for them to panic. But as you said, relax and have fun every time the market drops because that's our chance, not something bad is happening. That is the difference between a successful investor and a failed investor. I mean, the people who make the most profits mostly keep quiet and focus on buying every time the price drops rather than panicking and whining all over the place. Even if it is understandable that newbies were panicking over the downward movement we were experimenting and the high fees we had to pay, at the same time they need to sit down and look at how this market has moved on the past to understand it is not a big deal. I am sure that if we really took the time to look for downward movements like this one we will find several examples like this every year, so they either get used to the way bitcoin moves or they will keep losing their money once the price of bitcoin drops for some reason. If newcomers sat back and took the time to study the market, looking for past movements, we would never have seen questions that always annoy us like this. But I also agree we should not be too harsh on them because we were like them, panicking like they are now when we see bitcoin correcting. It also doesn't cost us anything to explain or give them advice, so if someone can't give advice, don't be too harsh on them. We should cheer up because this proves there are always newbies entering the market every day, and they are interested in bitcoin and should ask such questions. |
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Liverpool are still after the 24-year-old Brighton midfielder Alexis Mac Allister now. They hope to finish the deal for £70m according to the source below. This would be one of the most sensible deals for Liverpool that's for sure. Because they really need to strengthen the midfield more to build a solid bridge between their defense and offense lines. Mac Allister has been able to impress people a lot with a high level of effort. His being a World Cup winner has also added extra value in him too. He is just the player Liverpool would make a great use of in the midfield. These days Liverpool seem to be the only team interested in him but let's see. Source: https://www.mirror.co.uk/sport/football/news/liverpool-ready-sign-alexis-mac-29971876?_ga=2.193810280.412806156.1684011257-1191045342.1655647275I wouldn't be surprised if Alexis Mac Allister would be in demand by many big clubs, including Liverpool. not only that, rumors of Mac Allister are also in the interest of Arsenal, Manchester United and Chelsea. some of the news I've read and one of them from Teamtalk reports, Chelsea are reportedly set to anger Liverpool with a cash-plus-players deal, which risks convincing De Zerbi. a cash plus player deal could see a player De Zerbi admires have been launched, and if successful, it could be Chelsea bringing Mac Allister to Stamford Bridge instead of Liverpool bringing Mac Allister to Anfield. The argentinian outlet claims offers totaling at least £70m are needed before Brighton accept them. TyC Sport claims Liverpool are in the best position to sign the midfielder, there have even been reports of an oral agreement on personal terms already in place. however, according to a new report from the Daily Express, it could be Chelsea who emerge victorious for Mac Allister. to beat Liverpool, Express said the action plan that Chelsea can do. based on the rumours, centre-back Levi Colwill could hold the key to unlocking Mac Allister's transfer. well, we'll see which club Mac Allister goes to later. because as Fabrizio Romano said, it is very likely that Mac Allister will leave AMEX this summer. Mac Allister can certainly be a very good player for the midfield of Liverpool right now. Liverpool is certainly very interested in him still. I also believe that they are very serious about him. And as you said, being the world cup winner certainly has its parks. That has certainly increased the value of him a lot. I am a little doubtful about the 70 million pounds. I think they will need a little more than that if they want to finalize the deal. I don't think Liverpool should be a miser about this. They should spend and look forward to starting the next season as well as they can. |
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But it would be wiser with DCA instead of waiting, bitcoin is still unpredictable, and there is no guarantee that history will repeat itself.
If you said no guarantee the history repeat itself, what's the point of DCA-ing in the first place as you expect Bitcoin will not create new ATH on the upcoming bull run season. Why don't you read everything I wrote? I'm comparing 2019 and 2023 history to find the right time to buy bitcoin, I didn't mention that ATH won't happen. But even if the 4-year history does not repeat, there will be no ATH after the halving, are you worried? As for me, I wouldn't be surprised. When things get too predictable, everyone expects ATH after the halving, and if that happens, everyone will get rich easily. So who will buy bitcoin for $100k for us to take profit? Sooner or later, the market will change the rules of the game. |
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Just a few hours and we will witness the Eastern Conference Semifinals - Game 7 between the Boston Celtics vs the Philadelphia 76ers! Which team do you think will step up their game?
Breaking News: Ja Morant is now trending on Twitter again because he was seen flexing a gun on his Instragram Live.
Ja Morant is trying to be a rapper rather than a NBA player. Shannon Sharpe was right in his claim that Ja was "hustling backwards."
Oh crap, not again. Let's wait for the confirmation if it's a real gun or not. But assuming it is. The question of "Why?" will come out. Why does he always bring a gun? Is America not that safe anymore? Are they back to being the Wild Wild West? Is he on drugs or did some screws come out? A lot of money is at stake in his name and he will be wasting it if ever the NBA decides to cut him from being a player due to this problem. I want to hear what Jalen Rose will say about this. His last statement for Ja Morant and his father was an eye-opener not just for them but for all the players who are in the same state as him. But this is strike two and he should've learned his lesson from strike one. Also, his strike one is not like a flagrant foul in NBA but more of painting black on his image that is being idolized by kids. We will see where this will go. Well seems like Ja didn't learn from his suspension. Maybe he enjoyed the time off from basketball. Wouldn't surprise if this time it will be a real suspension. What are these people thinking anyway. Pretending to be a gangster even though he grew up in a normal family at a normal school and everything. Why does he want to be something he is not. He has everything anybody can wish for but still causes problems like this. The Grizzlies will be the villain for years to come I guess.  @danherbias07, America is actually not safe for people. Anyone can own a gun. That gives anyone a chance to shoot someone that they don't like and say it was for self-defense. But that is for the average job living in America. As a basketball player, Ja Morant is already a part of the top one percent. So him having security or bodyguards already makes his life a lot safer. He probably needed some "extra extra" security I guess @AHOYBRAUSE, I don't understand why these people want to portray themselves as gangsters. I am quite sure that they have not even met any real gangsters. Probably it's a status thing among the black community. |
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Arsenal have decided to extend with Bukayo Saka for 4 more years (until 2028) and he is okay for this deal also. This is absolutely one of the best actions Arsenal could have taken honestly. Saka is one of the most valuable players in the team now. He is only 21 years old maybe but the things he has done so far are amazing anyway. This season is also going great for him with 14 goals and 11 assists in total. Saka was speculated to be a candidate for Manchester City in next transfer window but now he wouldn't be anymore. Look at the grow rate in Saka's market value in the recent 3 years:  I wouldn't be very optimistic about Arsenal renewing his contract - maybe they do it to sell him for a higher price in a year or two? Arsenal have been committed to this scheme for many years and they were only interested in profits and not titles, so it's too early to assume that anything has changed. Although I would be happy with such changes (and if they happened in Dortmund too). Personally, I think it will be a better business for Arsenal to keep him right now and send him probably after 1.5 or 2 years for better money. He is only 21 years old. He is only going to get better from now on. So he will also be more valuable later. Who knows, probably he will also be approached by big clubs in future who would be willing to give a lot of money for him! I understand that Arsenal might think they do not need him right now. But I believe it will be better for business if they keep him right now. Unless of course, the player wants out of the club. But as I said it is also understandable if Arsenal does not want to keep him. |
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I would agree with others that Denver is the favorite right now. Their team is pretty healthy and they’re playing great. Los Angeles is going to have to step it up to beat them. I think Los Angeles has a chance to beat them, but I think it will be obvious after game 1 on Tuesday if they’ll be able to pull it off or not.
A day of rest today… Get those chores done.
Yes mate Denver nuggets will be the favorite and as we all know that Denver nuggets played very good they are one of the best team this season and as I observe Lakers will be struggling in this unless they make and adjustment and for sure nuggets will take for care in game 1 and then LA Lakers will make an adjustment like what they do in Warriors. But for this series I'll pick Denver to be a champion. The Denver Nuggets have successfully taken things away from Phoenix. This was kind of expected for almost everyone. They are performing really well right now. I also see the Lakers not being able to actually perform very well against the Nuggets. Jokic and Murray are going to be causing a lot of problems for the Lakers. But I think the latest will have to be very careful about the Nuggets as a team because almost all of the players in the Nuggets are actually in good form. |
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First of all, Bitcoin is not a currency to be precise. Moreover people use Bitcoins as an asset and use it to make profits. You can take Bitcoins as gold, like in earlier days people used to trade things, like they give their golds, to get rations etc, similar thing happening with Bitcoins also. But this doesn’t make Bitcoins as currency. Moreover there are fixed amount of Bitcoins already broadcasted in the network, so this mean if people’s demand increases to acquire more Bitcoins, then the price will keep on increasing. So Bitcoins never settle at any fixed price.
But they used gold because its price was stable. Yes, it was growing over time, but it wasn't dropping like 5% in one day. So I don't think bitcoin is like a modern gold, the fluctuations are too severe. And I don't think that Satoshi thought of bitcoin as a new asset to invest in. The idea is that you can't print bitcoin so it won't lose its value completely, but it doesn't save it from fluctuations. Comparing the use of gold to bitcoin is incorrect because by the time people used gold as a method of exchange, fiat had not been created, and that is why gold did not become volatile. And you are also correct that Satoshi created bitcoin to be a currency, a P2P payment method, he did not intend to make bitcoin a speculative and volatile investment like we are seeing. But until now, for bitcoin to become stable and used as a currency has been almost impossible, as people are in demand for bitcoin as an investment rather than a currency. Today, it doesn't matter what Bitcoin is called, the important thing is that it has been and is bringing many benefits to us, it was a great success. Moreover, you can also use it as a currency if you want, also a lot of people are using it as a currency despite its volatility. |
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But we have already risen to +30000 not so long time ago. If you stick to your analysis, don't you think we are in a second stage, which means BTC will soon drop below 25000?
There is no doubt that Bitcoin has gone from 16k to 30k, but this journey has spanned more than 400 days,but according to experts, if Bitcoin reaches the support of twenty five thousand five hundred, then it is a strong support.From here if bitcoin takes bonus back it will easily reach between $35k to $40k. The possibility of falling below $25k is very less.Bitcoin come back to $25k can be a good move to make a long jump.Bitcoin is likely to go higher from here,because if you look at the previous record, there are always two mini-Alt seasons.one season we have seen and the second one is yet to come.After the second season, Bitcoin may retest once again and move closer to twenty thousand. What are you saying based on what happened in 2019? I also believe bitcoin will soon hit $35k or more, and then there will be a sharp correction below $20k once again. I remember bitcoin in 2019 also recovered and crossed $12k, but then corrected back to $4k in 2020 before the halving. I still have a feeling history will repeat itself in this cycle, and if it is, we still have a big sale, and that's an opportunity for those who missed the $16k price point last year. But it would be wiser with DCA instead of waiting, bitcoin is still unpredictable, and there is no guarantee that history will repeat itself. |
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Bitcoin business is not getting Rich quick, but get rich is sure, just a matter of time and also the amount you invested in the Bitcoin or other alt-coins, and what matters again is the entry point of buying matter's a lot in cryptocurrency market, which everyone needs to know when to buy at the bottom line, which is also determine the profits return after the investment.
Damn right. Bitcoin is not a get rich quick scheme. You will probably get rich if you hold long enough but it is still not 100% risk free. Bitcoin recovered from the worse crashes in the past and this one will be no different imo. The recent events like ordinals will get solved by the devs and bitcoin will be a cheap and fast network again. BTC's marketcap is half a trillion US dollars at the moment. It is too big to fail. Bitcoin can't fail even if it wanted to. Why do we invest in bitcoin and not gold or real estate? Most of us enter the market because bitcoin's returns are larger and bitcoin's growth period is shorter than other investments. So there is partial truth in saying that investing in bitcoin is a get-rich-quick way, even though it's not comparable to shitcoins. The capitalization of bitcoin accounts for half of the total capitalization of the crypto industry, this is a huge number that no project can compare, but it is nothing compared to the capitalization of gold, over 11 trillion dollars and 80 thousand billion dollars of the stock market. That's why they view bitcoin as riskier than other traditional assets. We are bitcoin investors, we always want the best with bitcoin. But we need to be realistic to avoid serious damage. Bitcoin is still at risk even if it crashes, don't be too subjective. |
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Congratulations on your achievement the fact that you are still fighting no matter how hard life is could already be considered as a big win for you, if you could continue to invest in it then I guess all you need to do is to wait for the next bull run to happen to take profit.
Just remember to take care of your health and also secure your investment, don't let it sit on trading sites " not your keys, not your crypto".
He has plenty of time on his hands for sure, but I do hope that he doesn't get stressed out about this investment. I hope that he will just do it and not really trade on it, as it is stressful and there is a possibility that it can affect him. Holding is better for his situation, and he can just forget about it for a couple of years. Also, also it is best to have a hardware wallet and tell your family about your investment just to be safe and in case of emergency. I agree with this. I'm not sure if I could handle the stress of trading. I believe that it will be better for me to just HODL and focus my time and energy on working to earn more money that I can increase to Bitcoin  Holding for long term is less stressful, so that would be better for you. Investing consistently every month with the budget that you have can become huge in time when the bullrun comes. Thus I hope you can achieve your goal for investing in Bitcoin. Neverthless, I admire your positivity even you have this condition, you're not like others who thought they're good for nothing already because of their problem. But you're different, that can encourage others to never lose hope since they're still lucky to do what others can't. Holding on will help us reduce stress and have more time to do other things. But if OP has a lot of free time and is passionate about trading, it should also be tried because trading and holding can both be profitable if we have the right strategy. Trading is riskier, but the higher the risk, the higher the return. OP, you are truly a role model to all of us. I also believe there will not be too many people with the same will to live as you when you are not an ordinary person like everyone else. I don't know what else to say, I wish you success on the path you choose and achieve your dreams with bitcoin. |
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If you wanted to make money to buy a new car, why not get a job and just put your salary into Bitcoin?! I'm sure that a few successful trades would help you on your way. Just avoid leverage trading and sh#tcoins, and you'll get there in no time
I don't think that is the best possible advice to a noble who is not a pro in trading and this kind of advice can lead to losses since the member may attempt to seek that quick route that will end him in more great danger. Buying Bitcoin is a good idea but then he must be willing to wait for a long time even longer than expected if he continues saving the way he explained in this thread., let's make a point clear when having a target savings plan that has a fixed time, Bitcoin won't be the best option as the choice of investment at that point since Bitcoin risk factor is higher in this context. If making money with bitcoin becomes so easy, then I think our world will no longer be poor, and we won't have to work so hard to save every penny every day. We all just need to invest in bitcoin and get rich, LOL. Bitcoin is indeed a great investment, but it should not be too divine, should not be completely dependent on it, and moreover, not every investment will yield a return. Whether the investment is profitable or not depends on each person's strategy, not on bitcoin. If OP puts money in bitcoin when bitcoin is at 60k then he will wait longer than save. Op is also not new to this market; he has considered the best options for him, and for not using bitcoin in this case, he certainly has a reason. |
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Borrowing is very common here in our country, especially when it is our relatives. Letting them borrow money is easy but it is hard when you're asking them to return the money they borrowed from you, that's why I don't lend money to people anymore even if they are my friends or even relatives. Lending them money will just make them more irresponsible when it comes to financial thing.
They will pay you using money that they borrowed from someone else, and it will just keep on looping, a never ending cycle of borrowed money.
Not everyone is equally bad, not everyone borrows money and doesn't want to pay it back. We should not equate everyone equally. There are some people who fall into a really difficult situation, and borrow money is the last resort they can do. If they are our loved ones and need help, I don't think they should be abandoned. I think we should look at each case to lend money, don't rush to refuse all, and also shouldn't lend money to all easily. I used to borrow money too, so I know what it's like to be in debt, so if I have money and a loved one needs help, if they're a good person, I won't refuse. |
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As predicted, Juventus will be investigated again and probably with a points penalty again.
However, they can appeal again, and let's see how it will end.
Why wasn't that done at the start of the season, so that it doesn't harm Juventus too, especially since it's at the end of the season and Juventus have got their best place in second place in the standings of course this is a nightmare if there is another point deduction and surely Juventus will appeal again, so it will continue to be like that, why shouldn't it be better at the start of the season to address this case. Many violations may have been committed by Juventus so that they are often exposed to cases like this, especially since Juventus have recently gotten better after winning an appeal and are on the winning track by being in second place in the standings. I see a lot of news out there discussing this and of course Juventus feel haunted by another point deduction sanction. I don't understand, because when Juventus have got back their 15 points, then the problem should have ended there. Because, if the problem hasn't been resolved, then they don't have to play with the points that Juventus have this season. Therefore, if Juventus are punished again in the near future, then I suspect they are just playing Juventus so they don't finish in the top four. It's funny, I think, when big institutions don't have a strong stance in making decisions and always repeat the same way to bring down a team. Obviously, it is a corrupt institution and has no solid foundation in carrying out investigations and has no solid points in making sentences. It is just the corruption in Serie A. Nothing else. Juventus should have been at the first position so far. But even after taking 15 points away from them, they fought their way back to the second position from the 10th position. And now if more points are taken away from them it is going to be absolute injustice. The corruption seems to be very high. After this type of fighting if more points are taken away from Juventus I think they will lose all motivation. And remember if 15 points are taken away from them again they are not going to be able to participate in the Champions League. |
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It is undeniable that more people prefer to use centralized services. Because of all that, maybe because the services provided on platforms or in any field are indeed very good. That way many people become accustomed to using the service. Regarding anonymity, I think people don't really care about this, because maybe it's caused by the habits and experiences they've been through during their lifetime, most of them are used to life with an open identity. So more people are choosing openness than anonymity.
as well as accounts on existing social media such as on Facebook, Twitter, Instagram, and tiktok. Most of these people are all open in identity. So now everyone is used to being open in identity.
And why are so many people currently choosing centralized services, that's probably because the first service or platform that comes to the top has a centralized system, so people will automatically join in.
It's because aside from most people are already accustomed to such system, people also find it too annoying to deal on their own finances only adding to their problems like they needed to think were they will put that money to be secure enough or if they should spend it into something valuable and many more things to think about. As the banks existed solely to hold their money, it is already a load lifted off of their chests and they can focus on other things such as working to add more money while the banks are "promising" like interest rates annually. Also, although I agree with you that people seems too lazy to rely on their own capabilities in regards of financial management, some also won't choose things that they think it is risky when they knew that their are other option they can choosw in which they can play it safe. I think it's mostly a habit because these centralized systems have been around for hundreds of years, and it has also served us for hundreds of years. While the concept of decentralization or anonymity has only been noticed in recent years since bitcoin was created. So it is very difficult for everyone to change and move to decentralization in a short time. And I also agree with you on one more thing, self-preservation of assets is considered a burden, and they won't have time to do other things, so they will find a place where they feel safe enough to deposit money, and that's the bank. Overall, banks are created and exist because of human need, so as long as people still have old habits and thoughts, the centralized system will still rule our world. |
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Investing in gold could be an option, but people in this forum including me prefer to invest in Bitcoin to hedge against inflation because the return could be higher than gold and the uniqueness of decentralization which you can't find in any other asset.
Bitcoin should be added in this case as it is also resistant to inflation, and the security and convenience of bitcoin are superior to gold. Holding too much physical gold in your home is another risk when investing in gold. Gold is quite cumbersome to move as well as store, so it will be easy for others to notice if we hold a large amount of gold. But bitcoin will perform better in this case, storing and preserving bitcoins is easier than ever when we just need a hardware wallet and remember the passphrase carefully. Bitcoin not only guarantees the value of assets but also ensures our own safety. If I were OP, I would consider and choose bitcoin over gold and bank deposits. |
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