Don't know the situation in India, but I guess it is not very easy to implement containment measures in a country of 1.4 billion, especially when there are large internal migrant movements. From what I have seen, the virus spreads through air, and containment measures are only partially successful. The only real solution available is to vaccinate as many people as possible. And that is a problem in countries such as India, which have huge population.

Good for him. He sold his stocks at peak levels. I am actually surprised that he didn't sold more of his shares. Remember that Coinbase went for a direct listing and not an IPO. In case of an IPO, then I would have expected Brian Armstrong and the other promoters to offload a few billion USD worth of shares (which is normal with any IPO). So this amount ($292 million) doesn't sound too high. He may sell more of his shares in the coming days and weeks.

I have heard that Binance P2P is more secure when compared to the other platforms. I have used Localbitcoins since 2012 and there were a few attempts to scam. And one thing I have learnt is not to blindly trust accounts that have very good feedback and high volumes. If such an account is indulging in scamming, there are two possibilities - either the account can be hacked, or the original owner has sold the account to someone.

This sums up what happened in Africa:


In short, the colonizers took everything of use from the African continent and then indirectly enslaved the native population by propagating two semitic religions. Now the Africans are the biggest defenders of these two religions, ready to die to defend their overlords in Vatican and Mecca.

Altcoins are like a double edged sword. I had accumulated a lot of BCH in 2019, when the exchange rate was around BTC0.030. Then by mid-2019, the exchange rates went up to BTC0.045. And from there, it was a free fall to BTC0.008 by early this year. So I am not in favor of holding these alts for extended periods of time. They are simply not reliable. There is a lot of volatility and the chances are that you will incur heavy losses if they go down all of a sudden without any warning.

It will be a bit premature to talk about the bear market when we are in the middle of the bull rally. If nothing untoward happens, then we will be easily reaching the 6-figure mark before the end of this year. A correction may or may not happen at this point. But even if there is a correction, I don't think that it will last for 2-3 years, like the case we had in 2014 and 2018. I am saying this, because the circumstances have changed. Short-term investors mostly made their exit during the previous two phases of corrections. Those who remain are mostly medium-term and long-term investors, as well as the institutional investors.

People need to understand that Bitcoin will not go up every day. There will be ups and downs, as the exchange rate is dependent upon the demand-supply equilibrium. There seems to be a supply crunch going on right now in the market, after few days of oversupply. Many of the mining farms in China are not operational due to power outage and this decreased the fresh supply of mined coins. These sort of fluctuations are common in Bitcoin market. Those who get upset with it needs to make their exit and use their fund to make investment elsewhere.

Dude, you have no idea what you are talking about. If that is the case, then let me ask you what do the United States bring to the world, apart from invading and bombing third world nations? Since they spent $1 trillion to bomb Afghanistan, $2 trillion plus to bomb Iraq, and an unknown amount to bomb Syria, what is the guarantee that this increased tax revenue won't be used to bomb some third world nation? And since when the Nobel Peace Prize (which was given to politicians like Barack Obama and Al Gore) became a measurement to productive contribution? The question is not about Nobel Peace Prize, but about the corporate tax.

Today there is a match between two of the most inconsistent teams (Rajasthan Royals and Chennai Super Kings). Sanju Samson has been getting the runs for RR, but compared to other players of similar calibre, he has a lower probability of converting his individual scores to a win by his franchise. Chennai Super Kings will be fielding Lungi Ngidi today, as he has completed his quarantine. This will make their bowling lineup more lethal. Also, it looks as if Ruturaj Gaikwad will be replaced by Robin Uthappa.

Even if all the G20 nations agree on a uniform tax rate, it will not resolve the issue. Currently there are 193 nations that have United Nations membership. On top of this, we have dozens of unrecognized countries and territories which have their own tax structure. The US have no right to decide on the tax structure of foreign countries. If they are unable to compete with the other countries, then they should cancel their membership to the World Trade Organization (WTO) and ban the imports of foreign produce to their territory. The demand that other countries should adjust their tax structure with the US is laughable at the best. And let's not forget the fact that the demand came after US increased the tax rate from 21% to 28%. Previously they had no issue with this. Yellen is wrong if she thinks that the other countries will dance to her whims and fancies.

LOL.. this is one of the funniest posts I ever saw in the Economics section of this forum. Dude.. this is a free world. People and companies are free to move anywhere of their liking. There are countries in the world where there is no corporate tax or income tax. I am talking about countries such as Bahrain, Qatar and Kuwait. And countries such as Qatar are among the richest countries in the world, and they don't really need to attract anyone. Once again, crying about your tax revenue going down is not going to help. On one hand, you elect socialists such as Kamala Harris and Janet Yellen to power and then you complain that the companies are moving out.

I am 100% sure that this guy is either from the IRS, or someone who doesn't have any idea about Bitcoin. If money laundering is the only concern here, then there are much better options available. Bitcoin is not anonymous and every single transaction is being stored in the Blockchain. Obviously you can use a Bitcoin mixer, but then why go for all this hassle, when there are more attractive options available? Money laundering is possible with Bitcoin, but only for smaller amounts. And even in such cases, there are better alternatives available. 

You are right, but how many of the users would keep their coins in an exchange like Coinbase? Every now and then we are hearing about exchange hacks and I myself has lost good number of coins when exchanges such as Wex.nz and Cryptopia went down in the past. And if they are keeping their coins in personal wallets, then there is no guarantee that they will use Coinbase to sell those coins. I would also say that the ratio of active users to the total number of registered users sounds low.

It is not the "strong" who are surviving. Those who can afford the vaccinations are surviving. Richer nations such as the US and the UK have vaccinated more than half of their population and there the death rate has decreased. On the other hand, more and more people are dying in poorer nations such as Brazil and India. So it is not the "strong" who are surviving, but the "rich". And then a disproportionate number of deaths would be among those idiots who refuse to obey social distancing and mask wearing protocols.

I may get a lot of brickbats for this opinion, but still I would say that Bitcoin Cash (BCH) is looking undervalued right now. The recent bull rally for DOGE is being justified because it is increasingly used for making payments (due to the high transaction fee associated with ETH and BTC). If that is the case with DOGE, then the same scenario should work with BCH as well. Because BCH is essentially the same as BTC, and the only difference is that it is having a lower transaction fee.

Then what about Taiwan, which is one of the most densely populated countries in the world? Till date, they have reported a total of 1,073 cases and 11 deaths from CoVID 19. And regarding Israel, they were lucky that they had a political system which cares for the well being of the citizens, rather than fighting among themselves and spreading false rumors about vaccines. The opposition parties fully supported the vaccination campaign there and by now more than half of the population is fully vaccinated. And the results are out there for everyone to see. Now compare this to the case in Brazil, where the president Jair Bolsonaro claimed that vaccines can make humans turn into crocodiles.

You are right. For many of the altcoins, the market cap seems to be inflated. The promoters hold 80% to 90% of all the coins, and they keep these coins away from trading. And this creates an artificial scarcity, which pushes up the unit price. And in most of the cases, these shitcoins will be traded only in one or two small-sized exchanges, which makes it easier for the promoters to manipulate them. And I have seen this inflated market cap strategy in top altcoins as well, and XRP is a perfect example.

Wrong. First of all, around 20% of the coins are lost, so your 99% figure is even theoretically not possible. And even in 2014, the distribution of coins were not skewed, as seen from the leaked data of Mt Gox. On top of that, nowadays a large amount of BTC is being held by institutions, which means that who ever owns shares in these institutions indirectly own BTC. And finally, the entry of PayPal has made it possible to invest small amounts ($50-$100) in Bitcoin without going through the rigorous KYC process associated with various exchanges. This has also made sure that small-sized holders now own a considerable fraction of the circulating supply.

Spot on. The Turkish Lira (national currency) has been facing issues for sometime now, and therefore it was not surprising to see the central bank curbing the usage of other currencies. During the last four weeks, the currency has devalued by more than 10%. The government is also facing acute revenue shortage, due to the fall in tourist arrivals. Still I have to admit that the Turkish government acted in a very mature manner, when compared to their colleagues in India and Nigeria. 

Just being curious here... who is the front runner for the 2022 elections, if it is not too early to ask that? I have seen some opinion polls that show Sara Duterte (daughter of the current president Rodrigo Duterte in the lead). There are rumors that Sara will run for the post of president, with Rodrigo as the VP. BTW, the current president seems to be extremely popular, according to the media. Check this:

https://www.straitstimes.com/asia/why-dutertes-approval-rating-stands-at-91