If Javier Milei wins the presidential election on 22 October this year, Bitcoin might get the needed boast in Argentina.
I don't think Bitcoin will easily regain its traditional status as currency. If the price keeps accelerating more people will keep it as an investment because it will become more precious.
It is an interesting development that change in Political leadership, such as Javier Mile winning the presidential elections, could impact the adoption and perception of Bitcoin in Argentina. Political leaders can in deed influence the policies that promote or hinder the growth of cryptocurrencies in the country. It is also crucial to note that political leaders often encounter challenges in translating their political agenda into action, particularly within the complex framework of well established democratic nation. Achieving consensus among diverse group of legislators is a formidable task, that demands skillful negotiations to navigate different viewpoints effectively. |
|
|
|
It's a win-win from all angles for banks and governments. Now the question is, how did they manage to make it work if they are really behind it. Or I might be wrong here because every picture has different stories for each viewer of it so what are your stories about this situation? Is it real or manipulated to fill bags? Not to mention why did SpaceX sell those amounts of BTC when they don't have to? We all know that Elon is a person of money who always follow the money and how he would sell the reaming amount of BTC which is all SpaceX has according to the wall street journal.
Your skillful articulation of an insightful analysis, focused on distinguishing the legitimacy of the recent cryptocurrencies dip, is truly commendable. Whether this decline is real or deliberately manipulated by international players, I perceive this downturn as a promising opportunity to acquire Bitcoin and Ethereum at more favorable rates. |
|
|
|
if people want to convert their wealth into safe haven then it is difficult for people if they choose gold and silver because of security problem and the regulation, so choose bitcoin is a good option. what he said is quite reasonable. I think it is okay if we expect btc price to reach 1M in the future.
You are absolutely correct. People may choose to convert their assets into safe heavens like God, Sliver and Bitcoin during the period of economic uncertainty and instability. It is also true that there are challenges linked with investing in traditional physical assets. Bitcoin with its features of its capability to be stored electronically and rapid transfer from one to another wallet makes it a compelling choice. |
|
|
|
I would like to announce that this campaign will be extended for another month  Please continue your task for this week. I will post the TX ID of the rewards for week 12 here once they are released. This is wonderful news for all of us. Thanks for your efforts and dedication in securing the extension of this campaign for another month. |
|
|
|
You have spoken very well, and I can say that you spoke out of experience or as a result of extensive research and Reading. Devaluation of currency can only give benefits in the short-term, but on the long run there is very much disadvantage which is higher than the advantage. So it is not encouraging to devalue any countries currency. I will use Nigeria for instance, the country devalued their Naira for more than 30 years and today the value of Naira keep crashing. There is nothing else that can help than to diversify and go to agriculture as Op recommended and other sectors. It is not by devaluing their currency, which will later be attacked by inflation and global recession and make it worthless in the future.
Thanks for the compliments and I appreciate your thoughtful insights. Indeed, the effects of currency devaluation can vary depending on the specific economic context and the country's overall strategy. As you suggested diversification of economy is certainly crucial step for achieving long term economic stability. Therefore, it is important to carefully evaluate the short term gains over long term potential consequences when considering currency devaluation as a tool for economic growth. |
|
|
|
I think there is a crash coming, but I'm expecting the stock market to take the worst hit, as it's been in a long-ass bull market and by the laws of financial gravity it's got to come back down to earth eventually. Whether the crypto market also gets whacked....I haven't a clue, but if there's a panic where everyone is selling assets to get cash, ChiBitCTy's first sentence above is spot-on. Seems like we're getting a little taste of it already, because this past week a lot of markets went down, including crypto and precious metals. Definitely not a crash, but it might be a slow trend, or the start of something speedier, or could be nothing at all. Time will tell, not me or you or Robert K.
It is important to approach discussions about potential market movement with caution, whether in stocks, crypto or any other market. As predicting severity and timing and of their movements can be very challenging and wide range of factors can influence their prices. Whether Bitcoin reaches 1 Million dollar market or not is yet to be seen as there is no historical data available to validate such prediction.to economic crisis if there were economic meltdown, is yet to be seen, as Bitcoin has not seen any such crisis since its inception. During the period of economic difficulties, generally people choose to sell any asset to meet requirement of food and healthcare. |
|
|
|
Does Russian currency devaluing actually mean much?
At a guess it'd probably make people want to spend less if those value reductions impact the cost of services there.
If Russian currency isn't being used much in the external market, maybe that's why. If yuan and rupees are the main currencies for buying oil, Russia could be holding those currencies instead or exchanging them for cash equivelants.
A lot of devaluations in war are a result of other things such as currency counterfeiting and talent fleeing abroad to a safer country.
I believe that fundamentals of Russian economy appear robust when we look at them in the context of its substantial oil and gas reserves. This positions Russia as one of the major exporters of energy to Europe and many Asian countries including China and India, and those are significant world economies. However, unlike US Dollar, the Russian currency Ruble is not much used as payment method for global trade. This limited global utilization of the Ruble could contribute to the lower exchange rate of on the global market. |
|
|
|
|
Although the recent downturn in crypto currencies market on last Thursday was primarily triggered by the report that Elon Musk is selling Bitcoins. However several other factors also added to this abrupt plunge. These include such as fear of interest rate increase as indicated by FED in their last statement as well as the news that Chinese major real estate firm Evergrande is filing bankruptcy. These combined negative developments promoted wide spread selling of high risk assets across various markets.
|
|
|
|
I was having a conversation with a friend, and we talked about how difficult the economy is and how it can disrupt someone's plan to hold their bitcoins without tampering with it. I think this is true because if you think of how difficult things are getting, Salaries from jobs no longer sufficient to sort all needs, and profit from business seriously affected and made intangible because of the increasing cost of running a business and the rising cost of things.
Holding your bitcoins has a lot to do with discipline truly, but discipline is harder to practice when you are being suffocated and suffering financially with plenty bills and responsibility to respond to. People in countries with better economy, where there are good jobs and businesses are working, Bitcoins will easier hold than for people who are in places with terrible economic situation. What do you think?
Holding Bitcoin during the period of economic hardships is truly a challenging task, as financial circumstances may pressure you to liquidate this precious asset. In order to successfully navigating ownership of Bitcoin, it requires strong faith in its potential to yield huge gain in future, resolve to continue holding it despite market volatility and frequently arising apprehensions about regulations. |
|
|
|
You know that PayPal has already launched its own stablecoin.
The company Circle and Tether uses a dollar stablecoin, which is used not only by American companies. If the McHenry bill is passed in the US, will it strengthen the dollar as the world's reserve currency?
You are right that potential passage of Mchenry bill will be very positive development, and the adoption of stable coins, including those pegged to US dollar by American companies and international users could potentially contribute to the dollar influence in the global financial system. However, it is important to note that status of stablecoins and cryptocurrencies regulations, global economic dynamics can change rapidly. |
|
|
|
|
It is true that Central Bank's decision of devaluating currency and lowering interest rates can provide short term economic advantages, such as boost in exports, making domestic products competitive in international markets and freezing up funds for military's activities and geopolitical power. Its important to note that economic and geopolitical dynamics are complex and multi faceted, and currency devaluation can also lead to inflation and economic instability. I firmly believe that currency devaluation could enhance exports for short term, but right path to achieve long term prosperity lies in increasing Agricultural and Industrial production.
|
|
|
|
A correction does not necessarily mean that the BTC price is transitioned into a "bearish" posture.
Absolutely, the ongoing correction in Bitcoin price appears to be direct response to recent statement of FED regarding the potential for future interest rates hikes. However, this correction is likely to be short lived and doesn't reflect that market definitive shift towards sustained bearish sentiment. Although we can not predict anything with certainty when it comes to Bitcoin price, but most likely the extended bear phase commenced in the 1st quarter of 2021 has already reached a point of saturation. Hopefully, the floor price reached around $15,000 during that period will not be revisited. |
|
|
|
Government rarely make people rich instead they make people comfortable and sometimes provide the enabling environment for people to prosper. Even when the enabling environment is provided, you still need to work hard to survive. For instance, USA is among the biggest economy in the world but we still have poor people there. This shows that even if the enabling environment is there, the bulk of the work rest with the individuals who still have to know how to utilize the available opportunities.
I believe that anyone in this forum have already known about Bitcoin and is taking their financial future serious through Bitcoin which provide a wonderful opportunity for anyone willing to believe in it well enough to buy and HODL.
You have highlighted insightful points regarding influence of governments and efforts of individuals in achieving financial prosperity. In the context of free market economy, the role of governments is to create conducive environment for investment, and to provide equal and fair opportunities for all citizens. Subsequently, it becomes the responsibility of each individual to define their log term goals, formulate plan and implement effective strategies to realize these ambitions. Certainly, as Bitcoin enthusiasts, we have strong faith in Bitcoin's potential to transform lives of those who persistently strive to accumulate Bitcoins. |
|
|
|
Bitcoin is a really promising investment, I will also add it to my retirement assets and I agree with you guys, we need to diversify, not just focus on bitcoin, that's too risky.
You have highlighted a crucial distinction between saving and investing, and your approach to diversify the investment portfolio demonstrates your comprehensive understanding of financial management. Diversification is a well known strategy and key principle of spreading risks by investing in multiple asset classes. Furthermore, including Bitcoin in investment portfolio is a calculated move, that aligns with its potential for substantial long term gains. |
|
|
|
|
It is a noteworthy decision of Fidelity Investments to include Bitcoin in their retirement accounts. This positive development reflects the growing interest of reputable institutions to accept crypto currencies as a valid asset class within traditional investment instruments.
Certainly, incorporating Bitcoin in retirement plan is a personnel decision that should be carefully evaluated in light of inherent characteristic of high volatility. From my perspective, I would lean toward including it in my plan due to its its potential to generate significant returns overtime.
|
|
|
|
I can not agree more with your statements and i do know these ETFs will act as a catalyst. But why even in the Tight monetary policies These ETFs will not impact the price of BTC. Because these tight monetary policies are the one that are bringing those ETFs for better adoption of Centralization under the skin of real BTC (means decentralization).
You made a valid point that introduction of ETFs could be seen as an attempt to centralize Bitcoin under the cover of Bitcoin's inherent nature of decentralization, as these prominent institutions will release substantial amount of shares against their real Bitcoins holdings. This is indeed a concerning aspect. it is also important to acknowledge that these shares could serve as a driving force for wide spread adoption of Bitcoin, specially when general public begins to purchase these share in anticipation of making substantial profit in future. |
|
|
|
|
Indeed, investment in real estate has the potential to be highly profitable and means of achieve financial success, particularly when approached with intensive research, planning and ability to hold it for extended period of time. The lessons I learned from my personnel experience of investments in real estate suggest that location is everything when we invest in property, and returns on commercial property investment are comparatively better than residential.
|
|
|
|
I have already drawn the conclusion long time ago that no matter what happens, I must always have Bitcoin. As a matter of fact, Bitcoin will be the major thing I will pass to my children. I made This thread asking for how to pass Bitcoin to heirs and got wonderful suggestions and recommendations including one made by Ratimov. I am already studying the entire process to choose the best line of action. Your proactive approach toward securing your financial future and commitment to pass Bitcoin to your heirs is admirable. Planning ahead can certainly help in ensuring that your wishes are carried out smoothly. It seems that you are on the right track, and I completely agree with your perspective that Bitcoin would be the big thing and valuable asset to be passed down to our future generations. |
|
|
|
Have anyone wonder why stable coins are safe all this while from Gensler and SEC, even the government? Why hasn't there any hunt on those centralized stablecoins? Is there something we don't know? Are stable coins somehow settled with the government and SEC behind the curtain?
Because if stable coins was target it will be a enormous hit to the whole crypto market, why haven't such thing happened yet? I also read where the former Binance.US said that the White House is trying to keep stable coins "out of discussions" like they know something.
Is this all about saving their USD? Or they are waiting to create CBDC successfully first before they go after stable coins?
To the best of my knowledge, stable coins are not exempt from oversight of Security and Exchange Commission(SEC) of USA. However, due to their direct pegging to fiat currencies like US dollar or Euro, they are less likely to be categorized as securities. It is important to highlight that regulatory approaches can indeed differ between jurisdictions. |
|
|
|
There is a dynamic that sometimes exists with people who run out of liquid assets, and they might be considered property rich and cash poor. It is not necessarily a good place to be, even though they might have options that include leveraging their property.. but still such a practice could end up disastrous if they do not have a sufficient cashflow.
The situation you are describing is commonly known as "Being property rich and cash poor". While possessing valuable assets can seem like positive situation, but it can lead to financial difficulties stemming from insufficient cash flow. The solution lies in finding ways to strike a balance between property ownership and liquidity, ensuring ample amount of funds available when favourable opportunities arise to accumulate Bitcoin. |
|
|
|
|
Show Posts
