Can someone please tell me what kind of returns you can make if you deposit to Bitfinex and lend out for margin traders?
Don't forget letting someone hold your money is risky also. |
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The value increasing 1% a month is same as adding the money supply 1% a month.
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China is not a total success story either. There are stories of success, but there is a huge amount of hidden malinvestment that has yet to fall out. There are plenty of insolvent companies and investment schemes being held up by the government.
1 Billion people going out of extreme poverty in a few decades, average hourly salary going up 5-15% every year, hundreds of millions of people living as well as in Europe or USA (same average salary after tax) and the number is growing by 5-12% a year when it wasn't a few millions that were living as well as in Europe or US a few decades ago Does that feel like an economical failure?? No, it is a huge success, the best success story of the last 30years in terms of magnitude What you're describing is what happened in the U.S. from about 1946 - 2000. The most vigorous, sustained periods of growth, took place from early 1961 to mid-1969, with an expansion of 53% (5.1% a year), from mid-1991 to late in 2000, at 43% (3.8% a year), and from late 1982 to mid-1990, at 37% (4% a year). After the financial crisis of 2008, it's been all downhill for the U.S. But this doesn't change what PirateHatForTea said about the Chinese economy. The shadow banking system there is hiding billions in bad investments and ponzi schemes. It's like a house of cards, just waiting for a few bad apples to fall. Once the whole thing starts to snowball, the Chinese government won't be able to bail them all out. China is big creditor nation to US. If a crisis happen there, it will be worse in US as money will be repatriate back. |
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I'm pretty sure it's going to have a positive effect on the bitcoin ecosystem.
think so too but dont expect that the price will be like a skyrocket because of one etf. maybe we see the 1500 - 2000 USD after some moths. that would be nice. but silberts etf is also on the way and more will follow...what should cause a price rise  Think many people are expecting 4k-5k after etf is out. |
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its better if you invest all of those 50k into mining gear
and mine btc!you will be reach!
Cheaper to buy coin directly if you are thinking about mining. |
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I think 50 to 100k is possible in the far away future if a lot of things come together
1m is just a ridiculous number, far too abstract almost
Not rediculous if hyper-inflation occurs...viva le US peso? US peso is already happening. As soon as China abandon it, it will be over. |
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There are a lot of factors. And it would require a lot of reading to understand.
I think the biggest reason that deflation is scary to the mainstream is because of its relation to economic collapse. In recent history the only time deflation has been seen in an economy was during a big colapse, so everyone thinks it correlates. Maybe it does, maybe it doesn't. If you go along with the Keynesian economics you tend to be very afraid of deflation's effects. if you believe in the Austrian School of economics you know that deflation is just an adjustment to market demand, and is perfectly reasonable.
In that sense, Austrian is more accurate than Keynesian. |
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For really long term, gold.
For short term, bitcoin.
Funnily enough, I would say the opposite. Bitcoin is better for really long term investing imo(buy and hold) and gold is alright for short term fear in the financial world. The private key is uncrackable for now. Who know if this is true 10 years down the road. |
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How is the progress on XAPO? I remembered signing up a few months ago and never heard anything back from them.
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US might invade Kuwait for abandoning dollar for bitcoin.
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look like the trend is picking up.
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Was going to say obamacare.
I think the program got rolled back by the supreme court?
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You have to pay to read the full article?
The legal and morality issues surrounding drone strikes is very murky and as a result very scary. That fact that Obama can order a drone strike on an AMERICAN in a foreign country is worrisome and sets a dangerous precedent. Anwar Al-Awlaki had extremist views and supported terrorism but he was an American citizen murdered by a drone without any sort of legal trial by a jury of his peers.
As an American I'm not really intimidated or scared by other countries gaining drones. The US defense budget is so bloated that America will maintain military supremacy for some time.
The threat to US military supremacy comes from within. The cost already put a huge pressure on local citizen and decaying infrastructure. Not really, without the US military the money would be spent on something else and likely to less benefit. For instance - I'm reminded of California where they took bonds intended to construct new schools (a lot of infrastructure in America is painfully old) and then (without consent) allocated $1 billion from that fund to buying ipads for kids. Why not give every school child in America an IPAD at the cost of $1 trillion? I'm sure China, where most Ipads are constructed, and the Apple corporation would love that. At least the US military is one of the few actual American industries left, which employs Americans, even though the end results are unfortunately nefarious in nature. You are correct on one hand, however the US military is a non-productive industry in that it doesn't sustain itself economically. There's no product produced, no service provided to the community, and all the salaries are paid with tax revenue rather than a self-regenerating source of income like other industries. The US was always intended to be militarized beyond imagination, but not in the form of a permanent army controlled by the federal government... The duty of protecting this country is delegated within the Constitution; if you're a US citizen of able mind and body without immoral intentions then you are responsible both collectively and individually for the protection of this nation against all enemies; foreign and domestic... The Constitution depends and relies on morality being taught to the children of this country; they need the skills and ability to determine for themselves the differences between right and wrong and the personal strength to act against what they know is wrong, even knowing that they may be the only one taking action. This structure is necessary to minimize government expenses and reduce the risk of abuse. As far as pulling military funding goes, there's no point. There's really no stopping this financial train wreck now. There's no need to change anything actually. Sadly, things will last longer without trying to fix what cannot be repaired... The longer our Congress remains inactive and constantly increases the debt ceiling, the longer we have until a crash results on its own. Acting now in an attempt to fix this situation would trigger a collapse... As far as the drone supremacy goes, there is really no such thing as drone supremacy. The world is expanding its knowledge base far too quickly to believe in such a thing as a technological supremacy any more. There's a reality now that exists which didn't exist in previous decades. The reality is that any person of moderate intelligence has the resources available to learn, design, build, and effectively deploy a weapon capable of striking any person alive on this Earth. That's the truth of both double edged swords and technology alike. It's clear that morality has a larger part to play in the future of society than it does even now... Drones, missiles, lasers, coil-guns, all are scary things when used improperly or immorally. The leaders of our world should be setting an example for the world that morality is above all else, and that having the ability to kill with these weapons doesn't give one the privilege, right, or authority to use them without just cause based on good judgements by moral characters. That's about 180* out from how the world leadership appears to be acting now. I wouldn't say it's not productive. That's like saying food stamps aren't productive because people just consume food and make shit from it. I would say it's not the best use of our limited resources, esp at the current spending levels. Our military is what takes over when local police can't handle a situation (LA riots, Katrina, Post 9/11 tower collapse). Military technologies are used everyday for household needs, like GPS (which there would be pretty much no sats up there if there was no military). You are right about tech superiority. When I went to HS the Chinese and Indian kids filled up my AP Calculus and Physics classes. Same when I went to college and did biology, physiology and chemistry. The only thing holding back India and China from becoming Japan part 2 is infrastructure. Look at all the mining hardware and ASICs - it's sure as hell aint BFL leading the pack. Actually the scammiest of all the scammers came from the US! So sad. China already have all the conditions needed to become a great power. All they need to do is un-peg their currency. |
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In the U.S any blogger can usually say what they like no matter what and you could set up a newspaper by yourself and print it with a home PC but one thing that does happen a lot is the biggest media outlets take sides in any debate no matter how wrong they are, you will usually find that they take the side of whichever particular ideology they belong to. So for example, Fox news as we all know is blatantly on the side of Republicans and don't even try to hide it, MSNBC and CNN tend to be on the side of Democrats.
How can you tell? Whenever someone on the opposite side fucks up they're all over it, Obama fucks up, Fox News go after him, if Bush fucked up people like MSNBC will go after him but the real clue into who they belong to is in who they defend or DON'T mention, so with Fox News you'll never hear them attacking Bush or other Republicans very much ( except for Ron Paul ) and with MSNBC you'll barely hear them mention anything Obama has done unless it's major or the news journalists can't be bothered keeping up the façade anymore.
You'll even see this mentality on these very forums and it makes it very difficult to talk to Americans about politics because if you mention things that Bush and Obama have done if they're supporters of either ( and I noticed a couple of mainstream republicans worming their way in here ) they'll get extremely defensive about it and try to blatantly deflect the blame. I always wondered why I could never get along with anybody before when it came to talking politics/religion and now I know it's because my views weren't mainstream, they were with the Anarchist/Libertarian type ideologies, hell I bet I could get along with Marxists better than I could with the common politics people follow today but they all seem to have vanished.
Exactly. People should debate the issue and not the person/party. |
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So European ruling class are decedents of goat? |
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Typical "professor" - those who can't do, teach.
What this guy doesn't understand about today's political and social climate would fill an ocean, what he understands would fill a bathtub.
Problem is, policy is set by the academia type and they get paid a lot compare to an average person whether they are right or not. Edit: Forgot to mention, they also shape the mind of your kid and new generation of youth. |
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I set more realistic goals. like hoping it go up another $10 or so every once in a while.
This forum is full of ambitious people. Thinking small will probably get laughed at. |
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You can now buy pc and gadget from newegg.
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Hi, Everything is stabilized today  I was to Fibank for my business account and checked verything is ok. No waiting on long tales anymore Please calm down BR Buy extra food and supply just in case. |
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