They will use blockchain technology, but not a decentralized cryptocurrency. Soon, their digitized currencies of central banks of various states will appear en masse, and it is they who will be opposed by states to decentralized cryptocurrency.
Yes, central banks in countries are busy making their version of crypto but it will not be the same as normal and decentralized crypto. They will later issue their version which they will still manage. So that it will conflict with crypto principles in general. Several countries have prepared such as China, India to my country. I will never believe Bitcoin will be needed by banks. Because of their centralized principle they will not be violated. They always feel that they must regulate the world economy. |
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Bitcoin wont help those people unless if they do know on how to deal with it.
Its just a matter on how they would find ways.
Doesn't Bitcoin basically want to close the gap that has been caused by banking so far? If you say that the problem is how the poor find the way to Bitcoin itself means Bitcoin is not the solution to that gap. Solutions exist for every problem not to burden the poor who are already very heavy. Bitcoin has not shown concrete evidence in helping the poor because if you look at the existing data. In my country, the poor don't have the awareness of Bitcoin to help them. Because Bitcoin is a risk to increase their poverty. |
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I believe it is definitely going to be something that helps the poor people in the end but it will not be directly. The logic is like this; bitcoin should be closing the gap between the rich and the poor, it should make middle class a thing again, it should cap the profits wealthy people could have because poor people have the same amount of return, it should also prevent the companies from getting bailed out because there is no bailing out in crypto, and at that point regular people should start getting money from corporations more and more.
This isn't like "give poor some money so they are not poor anymore" situation, this is more "cap wealth so that everyone gets a share from available amount" type of fix that is long term.
I think you are right with bitcoin and other cryptocurrencies, there's no border to rich and poor or middle classes, all people can buy a coin as low as $10 in which I think everyone can buy as long as they have enough money, it is not directly will help the poor but rather let's call them unfortunate can be rich in the future or will have a better future if they will persevere and hard work to learn everything in the crypto with the limited amount they are having. Bitcoin has no limits, but poor people have limits on understanding bitcoin. Why do I dare to say this, because basically Bitcoin can be used using the internet. How can poor people have internet access. If you expect the government to legalize it as a legal currency. It is very difficult. But if Bitcoin is to be used by the poor, what must be done is the socialization of Bitcoin so that there is trust from the public so that it can be used by the wider community. |
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They need bitcoin to use it reseve asset.
So if. China bank needs eur currency they dont need direct buying or exchanging china fiat to eur or find correspondent intermediary bank to do transactions.
They can do the transactions with btc or eth works too.
Btc can replace all wire and swift transfers between banks.
When jp morgan want to send funds to japan they just send btc their wallet.
And its a instant world transactions
What makes you think this is something they want to do? Banks and governments are trying to find ways to stop people from getting into this market and you think they will suddenly begin to use bitcoin to try to solve their problems? This is not going to happen, even if bitcoin were to drive them into the corner they are never going to recognize that bitcoin is better, since that will be the equivalent of recognizing that the last decades of fiat money have been a terrible mistake for the economy, and even if that is true if they were to acknowledge it it will be the same as admitting a level of incompetence so high that it is difficult to even understand. I couldn't agree more, because if government think that Bitcoin will be solution. They show us that for several decades we use the wrong regulation. The inflation that is created by Fiat has made many people in the world become poor, and if it will happen so societies can't believe on government anymore even there will be crush. Bitcoin will never be solution for government because the government has big ego. How can u hope that the government need Bitcoin , even in the reality the government make the digital coin that can be competitor for Bitcoin it self. |
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I feel when it is about taking profit or protecting trading capital; it does not need much studies or strategies; its really easy to be honest. As a trader et investors; you must have done your research and have a target price and stoop losses figured out already. Instead of studying how to take profit; trade without emotions such as greed and fear. That way you are able to make the right decisions every time, every trade.
looks easy. but to be honest, sometimes it becomes difficult to be consistent with what we do. emotions we cannot control properly. especially for a beginner, crypto trading and investing is something that makes us unable to sleep well. fear of loss and greed are natural attitudes that everyone has when they start to panic seeing the market change. Correct! it's not that easy as what we usually read as when we are already in the shoe those emotions affects us. The decision making is very tough as most of the time even we do have plans and strategy to follow the patterns there are things that influenced our decision making, we sometimes apply the right attitude but there's still time that we will be conquered by our greed and fear placing our position to it's critical places. Greed and Fear are always inherent in humans, but they can be controlled. But unfortunately, I couldn't control it either. When I was able to control my greed, I only got a very small profit and the price soared as if to mock me for holding back my greediness. When I let go of my greed, I lost a lot. It is always like that. lol, that's life. Each day continues to give meaning. |
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this is why doge is a perfect toy for these whales.
He made himself popular in every market from stock market to crypto market, he definitely have a huge follower that he consider to run for president.
Talking about the whales' toys, isn't it always like this. They use the same method to make a big profit. Buying at the low price and selling at the top uses the same issue. If we as penny traders could be more careful in responding to existing issues and not too greedy, maybe we could think much more realistically. I am open to traders who easily believe the words of influencers, because for me the fundamentals are the result of my own experience. Not another person's statement. |
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Yesterday, while surfing the social media that aggregate trends, Twitter, I ran into what was like a very exciting poll, the best I have seen this year.
The poll was created by International Monetary Fund (IMF) to monitor the two types of virtual currencies which are; the cryptocurrencies and the central bank digital currency.
The poll went thus;
1. Are central banks digital currency really money? The poll result was Yes (33.8%) and no (66.2%)
2. Are crypto currencies really money? The poll result was; Yes (79.9%) and no (20.1%)
What is your opinion about these polls?
Obviously the Poll take place while the Voters are from social media crypto connected ? the voters are majority comes from Crypto community ? because if the participants comes from outside social media then for sure the result will be far different from that landslide . But congrats to the crypto for winning this poll though i am not that happy with the result because we need real voters and not those bias in decisioning . I also see the same thing that the poll results look biased. Because basically the Twitter account that is linked to the OP is also related to crypto. If polls are conducted in public, I'm sure there are still many who don't know what crypto is. What's more for people who lack literacy. Twitter also has an algorithm that is not much different from other social media in terms of account relations. So I don't really believe the poll results either. But for myself, crypto is money as long as it is able to be a trusted tool in the payment of any transaction, even though crypto has a uniqueness that fiat doesn't have, namely that nothing regulates it apart from supply and demand for it. |
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"many" countries didn't ban it, in fact the number of places that accepted it as legal tender is more than places that banned it, the only bigger number is countries that doesn't have any thing at all. Think about it this way if these good big nations like USA and UK and many European nations all accept bitcoin and even tax it properly that means bitcoin is nothing to be worried about and fiat could be working with it soon.
However there is this idea that bitcoin was created to fight fiat is something everyone focuses on and that is the problem. Reality couldn't be further from truth, the real reason bitcoin was created to create a decentralized currency so that central organizations can't attack our money, it is not a fight against fiat it is a fight against politicians and banks.
I say that because of the fact that there are big countries that openly regard bitcoin as a currency especially along with fiat. In my country, it is only recognized as a commodity, not as a currency. China and Inda ban bitcoin and create new competitors for bitcoin. Even in my country, there are rumors circulating that our government is preparing a bitcoin counterpart. How come there are ideas of bitcoin and fiat supporting each other even though every country is competing to create a competitor for bitcoin. Is this just a sweet dream that won't come true. It is okay to think like that if there is a basis for thinking |
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If you think being risk-loving means richer, you're wrong. Only a small group of risk-loving people are successful, you never heard stories of unsuccessful one because, well, who want to hear unsuccessful stories. You may suffer from survivorship biasBeing risk-loving is bad for most of the case, in the long-run you always lose. Risk is only something that is considered to have an impact at a later date. There are no risks that make people successful, but successful people must never take risks. How do you choose your investment and measure the risk, it is a wise person and a chance of success. But a person who dares to take all risks without a good estimate is suicide. So it's not the risk that makes someone successful, the risk is just an object. But it is back to humans who manage that risk that determines the direction of success. |
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This is something similar to the brands that we are using in our daily life. If a famous celebrity endorses this particular product we are enticed to try that product too. These influencers should not abuse their popularity causing some people to ruin their life. Like Elon's influence, some people panic buy something even if it's too late. Being an influencer has a responsibility because your followers can be easily affected by what you do or say.
I don't think that an influencer is always responsible for what happens to their followers. The ones responsible are ourselves. Why if you feel wronged, you blame other people. Is not that choice in your hands. You are the one who decides everything, why should we look for scapegoats for our own behavior. Even choosing an influencer has an impact on you is you. Has he ever asked you to always believe his words? No, no! Accept the risk of every decision we make. We have to think about it carefully. |
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We have different strategy to make profit from altcoins but mine is if the altcoins increased around 20% then I will take my profit just a short trade only and for stop loss maybe only -10%.. I also have some altcoins that I hold for long term, hoping to double my money in the future.
Your Stop Loss (SL) target is very large, if your SL target is large then your TP must be bigger, at least 5x the risk you get,, this is risk management, the greater the loss you can get, the greater the profit. If I will at least take a profit when the profit has reached 100% to 200%, but depending on chart conditions and market sentiment at that time, such as a doge that has risen to 700% in less than 1 week Stop loss is good way when your coins drop lower price but for me is not happening when buying coin keep holding as long time until reach much profit is my best way, never wanna get for cut loss because I think always have chance with my coin back to higher price, many trader after cut loss their coin back to higher price although many worth from cut loss to save your money than you have loss much. It will be very different if you have a very large investment amount, because if the value goes down to 10% it is already in a very heavy category, how can you still let it drop to more than 20%. Do you just let it go. Say your investment amount is 100k USD, and you let it drop by 20% meaning your money is only 80k USD, are you sticking with your stance? I'm sure you are rocking about that. |
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actually, the statement from the mayor has declared war on anti-Bitcoin...
I'm still not sure if this is the mayor's sincere wish or if there is any intention behind it. but I fully support the desire of this mayor to make it happen. *good luck to him
Not trusting that much? I do also have the doubts because its just too odd for them on suddenly accepting specially that ties up with government specially getting involved with Bitcoin. This isnt something that you can just easily read on news articles etc. For private companies then it wont be surprising but for government itself? I can really blame out those who are still skeptical on such decision had made.If this one is really true then its great but i do still have doubts.  Whatever our current doubts, the most important thing is that this news will give a positive vibe to Bitcoin itself. If more governments legalized Bitcoin, the much better. Keep thinking positively guys, hopefully even though it's not too big the effect will still provide benefits for me. And this can expand the reach of bitcoin socialization to the general public so that they are more aware of the benefits they will get in the future. |
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Mohon maaf jika thread ini berisi hal yang tidak ada kaitannya dengan Bitcoin. Namun saya hanya ingin mendiskusikan hal sederhana namun jika menemukan jawaban akan menjadi solusi untuk negara. Akhir-akhir ini saya sering terusik karena memikirkan utang negara yang semakin bertambah besar. Saya tidak keberatan pemerintah berhutang untuk pembangunan negara dan proyek-proyek strategis lainnya, karena APBN tidak cukup untuk mendanai semua proyek yang nilainya ratusan bahkan Triliun-an. Apalagi dengan datangnya masalah pandemik yang melanda seluruh negara di dunia bahkan sebagian negara di dunia berhutang untuk mendanai penanganan masalah pandemic di negaranya masing-masing. Utang pada hakikatnya digunakan untuk mendorong perkembangan ekonomi negara. Utang juga digunakan sebagai kebijakan pemerintah untuk mengatasi masalah ekonomi negara. Tidak ada yang salah dengan negara berhutang. Namun hingga kini, saya melihat jumlah utang negara kita, bahkan tercatat oleh bank dunia dalam laporan berjudul International Debt Statistics (IDS) 2021. Indonesia berada pada posisi ke-6 dengan total utang USD 402,08 miliar atau sekitar Rp 5.907 triliun (kurs Rp 14.693 per USD) di 2019. Terdiri dari utang jangka panjang USD 354,5 miliar dan jangka pendek USD 44,799 miliar. Bank Indonesia (BI) melaporkan jika hingga Agustus 2020, Utang Luar Negeri (ULN) Indonesia meningkat menjadi USD 413,4 miliar, atau sekitar Rp 6.074 triliun.  Dengan masalah ini, saya memikirkan ide yang cukup aneh untuk membayar hutang negara namun saya rasa layak untuk didiskusikan. Cara yang cukup aneh namun kurang berisiko ini adalah Pemerintah membuka youtube channel dan mewajibkan seluruh rakyat mensubscibe serta menonton semua video yang dibuat guna menghasilkan nilai Adsense yang bisa di donasikan untuk membayar utang negara. Pemerintah harus membuat tim untuk mengisi konten-konten menarik di Youtube Chanel nya agar penonton tidak merasa dirugikan dengan kontennya. Banyak konten creator di Indonesia yang memiliki pendapatan dari channel mereka, antara lain : 1. Jess No Limit Pendapatan per bulan: 18,9 ribu dolar AS hingga 302 ribu dolar AS atau setara Rp267,16 juta hingga Rp4,26 miliar. 2. Frost Diamond Pendapatan per bulan: 43,7 ribu dolar AS hingga 699,5 ribu dolar AS setara dengan Rp617,69 juta hingga Rp9,46 miliar. 3. BUDI01 GAMING Pendapatan per bulan: 16,1 ribu dolar AS hingga 257 ribu dolar AS atau Rp227,54 juta sampai Rp3,63 miliar. 4. Baim Paula Pendapatan per bulan: 26,2 ribu dolar AS sampai 419,4 ribu dolar AS yang setara dengan Rp370,3 juta hingga Rp5,92 miliar. 5. Rans Entertainment Pendapatan per bulan: 41,8 ribu dolar AS hingga 668,8 ribu dolar AS, setara dengan Rp 590,8 juta sampai Rp 9,4 miliar. 6. Deddy Corbuzier Pendapatan per bulan: 19,3 ribu dolar AS hingga 309,3 ribu dolar AS, setara dengan Rp 272,8 juta sampai Rp 4,3 miliar. 7. Atta Halilintar Pendapatan per bulan: Dari 10 ribu dolar AS hingga 160,4 ribu dolar AS, yang setara Rp 141,3 juta sampai Rp 2,2 miliar. 8. Jessica Jane Pendapatan per bulan: Dari 18,3 ribu dolar AS hingga 292,5 ribu dolar AS, atau Rp 258,6 juta sampai Rp 4,1 miliar. 9. Ricis Official Pendapatan per bulan: Dari 21,3 ribu dolar AS sampai 341,4 ribu dolar AS, atau Rp 301,1 juta hingga Rp 4,8 miliar 10. efdewe Pendapatan per bulan: Mulai dari 10,5 ribu dolar AS hingga 168,4 ribu dolar AS, setara dengan Rp 148,4 juta sampai Rp 2,3 miliar. Dengan jumlah pendapatan yang cukup besar ini pemerintah bisa membuka beberapa channel dan mendonasikan seluruh pendapatan bersihnya untuk membayar utang, walau hanya mampu membayar 1 per sekian dari total utang, mungkin bisa membantu meringankan APBN negara. Bagaimana menurut anda? Apakah rencana ini sungguh aneh atau layak dipertimbangkan? Mohon untuk masukan nya jika masih banyak kekurangan untuk thread ini. Source : https://www.liputan6.com/bisnis/read/4387463/headline-utang-indonesia-termasuk-yang-terbesar-di-dunia-masih-aman-dan-wajar https://voi.id/teknologi/23429/10-youtuber-indonesia-dengan-penghasilan-tertinggi-selama-2020 |
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From the initial steps Paypal expanding their business to Bitcoin has provided a very positive value for the price of Bitcoin, until now Paypal has proven a very good achievement by increasing revenue for transactions therein. I think this will give positive vibes to the current and future Bitcoin price. With the absorption of Bitcoin by Paypal, it will educate more users to get to know Bitcoin and receive the benefits of this digital Gold. And it is possible that Paypal's steps will be followed by many other large companies, and educate more ordinary people to get closer to Bitcoin, so that it will eventually be absorbed as a legalized currency by all countries. Just a hope.
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Ethereum is undoubtedly in crypto besides btc which attracts many investors Eth can also start early this year the brightness seen in ethereum a bitcoin rally occurs then ethereum always follows its parent, namely bitcoin, tough altcoin competition that occurs but ethereum remains the king of all altcoins until now This is the favorite of many members only ethereum
ETH is familiar to old players, ETH will be same like BTC and become the best altcoin, there are many reasons. The basic reason is that ETH is not just an ordinary Crypto, it is not only a decentralized platform, but also makes it easy for users to make direct agreements and payments with each other without third parties. Because of its simplicity, Ethereum is often called the king of "smart contracts". But even though ETH has a good track record, it is not without its shortcomings. Maybe now I'm still an ETH holder, who knows later. |
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You will never see it go away, this world has a good side and a bad side. So there are no exceptions in this field, there will be good projects, but there are also projects created with destructive purposes.
And another sign that I notice is that when articles like these stop appearing, we are less likely to encounter such projects.
OP asks thing that indirectly lead to "When do humans become 1 character?" or "when humans do not exist?". Good and bad are a balance, deception will always stick in people's lives. Not only in crypto, which is very vulnerable to scam, even in every aspect of life there must be scam in it. That is why humans are given the intellect to think about good and bad. It is sometimes difficult to make choices, the scammers have a higher sense to influence us. The point is to prevent yourself from fraud is to increase literacy, and communicate with people who are more expert. If both of them become routine I am sure whoever the person will not be a victim. Unless he's unlucky. |
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It is possible that they do something and get away with it though, so it is safe to say that you if you don't want to get into trouble, might as well use a DEX or withdraw asap.
If you want to keep Bitcoin and have doubts about CEX, then the best choice is like that. Choose DEX and withdraw all funds from CEX because nothing is impossible. The vulnerabilities that CEX has are not shared by DEX. The OP should follow this method to clear his doubts. You have higher authority over your own assets, no one can interfere. Not only doubts about cheating, you are able to fully decide what to do with your coins. Even so back to individual tastes, no one can blame your choices and views. Doubts will always arise in people who are careful about their assets. |
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Valid points I have read so far.
Just to contribute, one major reasons why many governments rejects Bitcoin is how it equalize the supremacy game that is been played by dominating currencies. With bitcoin no currency is bigger than the other and that is how it should be.
On the future, we hope to see the situation where by Bitcoin and fiat are in support of each other.
Most government prohibit bitcoin from being used as a legal tender, but they don't prohibit people from trading it. There is no clear reason other than the government look afraid of the domination of bitcoin in the future which can disrupt the circulation and use of fiat currency and will also have an impact on the economy. Another reason that may be disclosed publicly is that bitcoin could potentially be used for illegal thing that may be difficult for the government to control. But I assume that this excuse is too stupid for them because fiat is already the currency that helped criminal and other illegal acts before bitcoin. Meanwhile, we still need fiat to get bitcoin and so far I see that the government has been receiving profits from bitcoin simply because they enforce tax rule. It's hard to see bitcoin being adopted on a large scale as a legal tender. There are many things that prevent this from happening and one of them is the rule imposed by the government. I don't see any potential for Fiat and Bitcoin to support each other, because there are too many restrictions in each country. Apart from the above reasons, many countries have banned Bitcoin because this trend has had a negative impact on the financial stability of the country. The high inflated value of fiat is due to the existence of Bitcoin. The representative of the Central Bank in my country even said why creating money serves money. So the chances of Bitcoin and Fiat supporting each other are very slim in terms of authority. However, if everyone in society has accepted Bitcoin well, this potential could emerge suddenly. |
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The differences arise because of people's beliefs and tastes. I don't think there is any difference between the two, but people who are unfamiliar with something will find it strange. Whether regulated by the authorities or not, the medium of exchange will always be the medium of exchange. However, how society can have the same great trust in crypto is a big challenge for crypto itself. Will crypto be more trusted with a longer life? Who knows?
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His success sees opportunities and always works hard to make him a successful person. There are many people who work hard but not all are able to see opportunities. Simply put, the first to be able to take the ball is he who has the opportunity to score a goal. And all of this is inseparable from persistence, an attitude of willingness to learn, and the courage to take risks. There are people who are able to see opportunities but are unable to take risks, for example, consultants. They only provide advice and direction but have not necessarily tried it.
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