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121  Economy / Economics / Re: Fiat and cryptocurrency on: March 21, 2021, 04:12:31 PM
I think that society must first of all understand that cryptocurrency will give them independence in the first place, unlike fiat money. If over the next 10 years, the capitalization of bitcoin increases by an average of 10 - 20 times, then this will provide an opportunity to get a stable price of bitcoin and then we will be able to see the real advantages of cryptocurrency over fiat funds. It is then that people will begin to actively leave Fiat and switch to Bitcoin, since stable Bitcoin is not only a reliable asset or means of payment, but also a safe storage
122  Economy / Economics / Re: Economy after COVID-19 on: March 21, 2021, 03:58:13 PM
It has been a year, and I can say, well, in my country that the economy has been going down, not only because of the 2nd wave but because of inaccessibility going outside, makes other businesses lose their economy, not only that but also the whole country is suffering, another wave is about to happen, sadly, a new variant which amplifies the virus itself, this is going to be difficult, hence, depletes economy once again for another year, sadly.
I believe that the current situation today is primarily the result of strong government bans, and I am also sure that in the future the situation may become more complicated if certain measures are not taken, because even the distribution of the vaccine in the world will not bring the desired result, because a significant number of people do not want to get vaccinated. This fact already indicates the possibility of increasing the morbidity threshold, which will lead to another tightening of quarantine measures, which in turn will again harm medium and small businesses.
123  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: What happened with Dogecoin faucets? on: March 18, 2021, 03:58:18 PM
I suppose that it would be foolish to expect further continuation of the distribution of such a high reward for using faucets, given such a rapid growth in the Dogecoin rate. For a little more than a month, the Digissues faucet was giving 1 Doge every 20 minutes and immediately after Elon Musk's tweet, production dropped 100 times. At least I am beginning to doubt very much that debt will continue on its way up.
124  Economy / Economics / Re: Is Bitcoin's price drop to 30K healthy? on: March 17, 2021, 03:35:25 PM
A correction that brought Bitcoin down to $ 45,000 is perfectly acceptable. But if you take into account the fact that Bitcoin will be able to go down then $ 30,000, then again you need to expect the largest collapse of the cryptocurrency market in its history, because all the big capital that entered the cryptocurrency market at the end of 2020 and at the beginning of 2021 will not want to lose their money and immediately sell everything that they bought. One can only guess what kind of reaction this will cause in the cryptocurrency market. But I am sure that the owners of large investment portfolios will protect their assets by all available means and, perhaps, we will never see 30 k. at the same time, there is no need to give the example of 2017, since the situation is completely different and the cryptocurrency market is already much stable.
125  Economy / Economics / Re: Becoming wealthy and social responsibility on: March 17, 2021, 03:19:30 PM

There are two sides to this. Rich people may argue that they are paying taxes at a higher level compared to the poor and the middle class and therefore they have less disposable income in terms of net proportion. For someone who pays 50% to 55% of his income as tax, it may not be possible to take another 10% cut for charity. But those who have a tax burden of 10% or 15% will be able to take that cut.
They can argue all they want but we all know that they have the ability to write off their taxes by setting up charity events or donations. I am not saying that the government should tax half of the of their income, a simple 1 digit increase could make all the difference. Why do people protect the rich when they clearly doesn't care about the people below them.
The fact is that this issue still needs to be looked at from the point of view of which country's taxes are being discussed. In many countries, rich people by any means avoid paying taxes by registering businesses with shell companies and withdrawing funds to offshore accounts, etc. At the same time, in some countries, rich people pay bribes to officials and avoid paying taxes by any means, while using state resources almost free of charge. One way or another, an ordinary person suffers, from whom a significant part of their income was taken away by taxes, while he has very little left for life, in contrast to a rich person.
126  Bitcoin / Bitcoin Discussion / Re: Invested in alt in 2017 ..and now need help to dont do same mistake on: March 16, 2021, 03:10:50 PM
To be honest i don't really understand about your story.

So in my point you just want advice to invest in which coin..

Then i will recommend you to invest in top coin, and stay away from small coin (outside top 200 cmc).

And, if you want to hold for a long term then you can just buy right now and no need to wait for the "dip".

Because at the end, the price for big coins like BTC ETH BNB will rise.
Many cryptocurrency users today are very worried about not making the mistake that many made in 2017, when they invested their funds in bitcoin or other altcoins, when cryptocurrency prices peaked and after which the market went wild. today the situation is repeated when people want to make investments, but are afraid that the price will again irrevocably fall.
127  Bitcoin / Bitcoin Discussion / Re: Why do ordinary people feel afraid of Bitcoin? on: March 16, 2021, 02:46:01 PM
sometimes ordinary people only see the negative issues of bitcoin. when actually looking at bitcoin has a good positive side. just look at the current high prices and many people get profit there. then where are you worried about bitcoin, so I think it's just an exaggeration and it's not good for ordinary people.

If we look at it at that point, its really alarming on why people looks at Cryptocurrencies at that way. This means that the mainstream news regarding Bitcoin and other Cryptocurrencies are always bad news but we really cannot blame them and just hope that they might keep an open mind. They will always worry about something that is talked about publicly because media is one of the most powerful tool that anybody can have and as long as bad actors have control over the media, we are not gonna get any good news regarding Cryptos.
Sources of mass media practically always adhere to one point of view, which very often brings harm to society. The fact is that they are publishing only one point of view, which is very often negative, when members of the government or other people speak very badly about cryptocurrencies. Most journalists do not study this issue and they are incompetent in providing complete and objective information about cryptocurrencies to the public.
128  Bitcoin / Bitcoin Discussion / Re: Sold my first Bitcoin and am happy on: March 16, 2021, 02:20:29 PM
You made a good decision to sell your bitcoin at the price you want, so enjoy your money.

While the price will fluctuate, you can try to place an order buy at a low price because bitcoin price will be down and sometimes, the downtrend can make us happy because we can buy bitcoin at the lowest price than before. Right now, you need to watch and analyze the market so you can find that time to buy bitcoin so that you can get more bitcoin later.
This is very good advice, because the cryptocurrency market is in a bullish trend and thanks to constant corrections, it is possible to replenish your budget due to the price difference. Of course, you need to spend some time on this, but I believe that it is enough to monitor the bitcoin rate in order to sell and buy at a cheaper price on time.
129  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What altcoins will do best in 2021? on: March 14, 2021, 10:28:35 AM
Polkadot, UNI and Band along with binance coin remain on my radar. I anticipate a very smooth growth for these altcoins. They are already separating themselves from the rest except bitcoin and ether.

What you said is right, we cannot able to grab the Bitcoin and ETH at the current prices because the value of the coins seems to be very high. Coins like Polkadot, UNI are always good to grab and wait for the long term you will get many benefits with those coins.

I believe that a person who does not believe in a further rise in the price of ethereum and bitcoin can say so. In this case, no one really will buy these cryptocurrencies. But at the same time, there are no massive sales of Bitcoin and Ethereum on the market, because there are real forecasts for a fairly large growth of Bitcoin and Ethereum until the end of 2021. Even doubling the current prices of both cryptocurrencies is perfectly acceptable. Based on this, views on the inadmissibility of investments can be revised.
130  Alternate cryptocurrencies / Altcoin Discussion / Re: It is not easy to make money in cryptocurrency on: March 14, 2021, 09:36:09 AM
Making money is not easy anywhere. Do you know ways to make money quickly? Without understanding the matter, you will not be able to get anything but disappointment.

For beginners, it is better to start with cheap coins that have potential, and only then move on to big trades. Examine all the possible risks!
It is really not easy to constantly make money on the cryptocurrency market, but if a person has at least a little knowledge and understanding of what exactly needs to be done, then having got on a good "wave", before the bull run, each person can earn quite a lot of money, but the main thing in this matter not only the availability of capital, but also good enough patience.
131  Economy / Economics / Re: You want to get rich, don’t pay taxes, don’t get married, don’t use bank, and... on: March 13, 2021, 08:58:51 AM
Guys, in fact, each of us knows what to do or how to do it in order to get the appropriate results. But in fact, we do what our soul or heart tells us, and very often we follow our emotions. For all the time, starting in 2016, I had quite large volumes of good cryptocurrencies, and if I had not spent all my coins on my wife and my family, I would have become a fairly wealthy person. Very often it turned out that I was selling Bitcoin or Ethereum, and after a while it quickly increased in value. It is very painful to remember such moments at the end of 2016, as well as in 2020. I can also say that to be wealthy you need to be unmarried at least, but not all people manage to have a chance to become rich or resist such a huge force as love. Grin
But I still cannot say anything about taxes, because they do not affect me in any way. But I came across banks precisely because of my wife, who constantly took out loans and my money went down the drain. Cry
132  Economy / Economics / Re: Rich have too much on: March 13, 2021, 08:44:09 AM
Lottery is the only way and theres no other than that. lol

We are all doing our best to gain money and making ourselves financially free and its up to someone if they do give out something back into those who are in need but on mandating on sharing up the fortune
with those who are in need to make it mandatory isnt really just a right thing.Always consider on how those fellas do work hard and make out investment to reach that certain state.

If you are jelous on such scenario then start on working up hard and do find all sorts of things to make yourself better.
In most cases, only a person who has earned his fortune as a supporting worker knows how to value not only work, but also his wealth. Thus, his status as a wealthy person will be long-term, unlike those who received a reward through the lottery. Very often, such people use the money received from the lottery very thoughtlessly and lose it very quickly. Therefore, such a rich person very quickly becomes ordinary or poor again.
133  Alternate cryptocurrencies / Speculation (Altcoins) / Re: how much will ripple be worth in 5 years? on: March 10, 2021, 01:58:20 PM
It could be, it could be not. What I'm worried still is that one of the co-founders of Ripple is selling off continuously. I'm not sure if he always does it, but it's entirely of a negative impact for me knowing that one of them is doing it every month, IIRC.

Maybe you can find another altcoin that you can invest in. If you factor in the last five years of different coins, they increased in value for sure.

Just make sure that whatever you are investing in, you are willing to lose it.
The fact is that the Ripple team constantly deceives its investors in this way. They artificially increase the prices of the coin, and then sell a certain amount of their assets on time. The company really has a lot of problems and why not choose another altcoin for investment and I recommend Ethereum, which should show good results in the near future, given the processes that are taking place on the network. In any case, ETH is safer than Ripples.
134  Alternate cryptocurrencies / Speculation (Altcoins) / Re: I just SOLD my girlfriends car to buy more ETH at sale price :) on: March 10, 2021, 01:23:58 PM


Quote
sold it for 2000€..nearly 13 ETH at this prices..

Even if he would sell 13 ETH for $ 2000, that would be $26k, so it wouldn't be enough for the island, I believe.  Wink

But I hope he hasn't sold it yet and if he waits another 2 years, who knows ...  Wink Cool
If we take into account the large-scale decrease in commission on the Ethereum network after the London hard fork, and also taking into account the implementation of the Ethereum team's plans to make Ethereum a deflationary asset, then the forecasts of many analysts may turn out to be correct and Ethereum may not only reach $ 10,000, but also surpass this milestone. Based on this, ETH owners have more chances not only for a car, but also for their own hectares of land.
135  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ethereum on: March 10, 2021, 12:56:37 PM
Take Profit or Cut Loss decisions could be your personal decisions.
The only can i advise to you is that decisions could be based on your strategy, not by emotional and irrational moves.
But my personal opinions, i will hold that ETH because i believe after ETH solves it high gas fee issue, the price will be go higher.
Also, ETH/BTC at this time is on Horizontal Support Line.
I believe there is not much to wait for the Ethereum team to implement their plans for the final stage of Update 2.0, including EIP 1559 in the London hard fork, which will reduce transaction costs. But my biggest concern today is the mining pools strike because they have several options to stop EIP 1559 and most of them involve actively hostile actions against the network.
136  Bitcoin / Bitcoin Discussion / Re: Does BITCOIN make a person's life better !? on: March 08, 2021, 03:23:33 PM
..........

All in all, money is a tool. You can use it wisely or not. Same goes for a knife too, for example.
You were really very correct, because money is, first of all, a good tool for achieving a goal in capable hands. This is not only an opportunity to be healthy and strong, but also an opportunity to gain knowledge and be happy, while making the people around you happy.
137  Bitcoin / Bitcoin Discussion / Re: I quit smoking and buy Bitcoin every week on: March 08, 2021, 03:04:32 PM

I totally agree with what you do, even though investing in Bitcoin has a big risk, but what you do is the right choice, because instead of you spending money to harm yourself by smoking, then you better invest in Bitcoin, so if the price of Bitcoin increases very high in the future (maybe 5-10 years from now), then you will be a rich person at that time, because you buy and invest in Bitcoin every week.
Considering how much a person is addicted to nicotine, I think that the main problem or obstacles in this person's plans are not in investing in bitcoin, in choosing the time or method, but in resisting the temptation to smoke again.
138  Bitcoin / Bitcoin Discussion / Re: Bitcoin can / cannot replace the banks ? on: March 08, 2021, 02:45:38 PM
There is an assumption that when the capitalization of Bitcoin increases 10 or 20 times, then when bitcoins can be fully used as a means of payment, and Bitcoin will also be a reliable store for savings, because its volatility has significantly decreased. I believe that this is when the competition between bitcoin and the bank will increase, but the banking system will begin to lose its monopoly and relevance.
139  Economy / Economics / Re: Am I too late to Bitcoin? on: March 07, 2021, 06:26:15 PM
In any case, it's never too late to invest in Bitcoin, even given the current price level. According to the forecasts of many analysts, bitcoin over time will be able to reach even one million dollars without any problems, but this will take about 10 years. Based on this, we can say with confidence that if a person uses investments for the long term, then even today it is quite profitable.
140  Economy / Economics / Re: How do you define rich? on: March 07, 2021, 05:43:24 PM
Being rich isn't about owning $100k or $1million. Rich people earn more than they spend. This is the only feature matters.
Perhaps your assumption is really the most correct, since a rich person never counts a penny, and his annual income is such that an ordinary person cannot earn so much in his entire life. It may be necessary to distinguish between a wealthy person and a rich person.
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