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161  Economy / Economics / Re: Splitting the Baby, and other Operations of Fate: the Fate and Economics Thread on: December 04, 2020, 04:56:40 AM
It is Economics though. Cryptocurrency is Currency even if Digital.

It is a Trade Instrument.
If tomorrow everyone suddenly decides that BTC is not worth an egg (or a dollar, if you like), then your "trading tool" will turn to dust.
The essence of any currency is still a social contract for accepting it as equivalent of value.
If no one wanted to use BTC for payments, it would never take off. You write quite lengthy posts pitch your token (freedom reserve) but do not even want to admit that if you act in direct total confrontation with the entire civilized world and govs, then you will only achieve that your token (like any) will only be suitable for trading and shady markets
162  Economy / Economics / Re: Goverments creating digital currencies - Threat or Opportunity? on: December 04, 2020, 04:50:54 AM
i think US already Create their own crypto. what we call (xrp) ripple a US based technology company. when they first lunch this crypto theysaid xrp can kill BTC.

In what way? Shoot a nuclear missile right at Mr. BTC? Or send a squad of security forces to close the servers of Mr. BTC?
Who and what will replace what is not decided by the companies that put forward their product - it's just their wet dreams. This is decided by the people, the end user, who is the direct consumer of any product produced. And something I don't see any trends for XRP that it would just take and "replace & destroy" BTC. How do you imagine this?
163  Economy / Economics / Re: China’s digital yuan could replace bitcoin & end US dollar hegemony on: December 04, 2020, 04:46:32 AM
"A toilet in the form of a hole in the ground in the middle of the city center can replace your personal home toilet and put an end to the hegemony of personal hygiene" - it sounds like this, and the feeling that it is written just from the first place.
If you understand the General concept of cryptocurrencies at least a little, then you should still understand that any state-owned cryptocurrency is the only an interpretation of Fiat money based on crypto technologies. Do you think there will be the anonymity that you love so much? Or other things?
Well, this is ridiculous, honestly. Who wrote this article? 10iq-author?
164  Alternate cryptocurrencies / Altcoin Discussion / Re: How Ethereum Has Transformed The Crypto Realm on: December 02, 2020, 06:01:16 AM
Maybe many people will not understand me, but I will ask. If you are not going to do anything illegal, then why do you NEED complete anonymity in using cryptocurrencies? You understand that with the proper desire and diligence, you can declassify anything, if there were funds for it? If you want to hide from the state in this way, then I have bad news for you - the moment is not far off when your "enemy" will successfully begin to reveal anything, no matter how well you hide.
If you need complete, 100% anonymity-go into the woods and live without communication at all, the benefit of even in America, not to mention other large countries such as Russia or China, there are places where no one lives and does not gather. What is your problem?
165  Economy / Economics / Re: 2020-2021 best year if You Want to become rich no skills needed on: December 02, 2020, 05:35:11 AM
This is good and bad for traders at the same time.
Entering the cryptocurrency market is saturated with risks and for newcomers this is a very dangerous place-there are scammers everywhere, dubious projects, fraud, a market collapse due to a cough from a McAfee or another stupid China FUD.
All this leads to the fact that some people are less willing to trade cryptocurrencies as soon as they begin to realize all the risks inherent in the market and return to the"classic market". Less often, they just buy and hold a small number of coins in order to sell them profitably after a long time
166  Alternate cryptocurrencies / Altcoin Discussion / Re: Best anonymous coin ? on: December 02, 2020, 05:28:00 AM
Maybe many people will not understand me, but I will ask. If you are not going to do anything illegal, then why do you NEED complete anonymity in using cryptocurrencies? You understand that with the proper desire and diligence, you can declassify anything, if there were funds for it? If you want to hide from the state in this way, then I have bad news for you - the moment is not far off when your "enemy" will successfully begin to reveal anything, no matter how well you hide.
If you need complete, 100% anonymity-go into the woods and live without communication at all, the benefit of even in America, not to mention other large countries such as Russia or China, there are places where no one lives and does not gather. What is your problem?
167  Economy / Economics / Re: Do you believe support and resistance still work in crypto? on: December 02, 2020, 04:57:33 AM
The cryptocurrency market has a lot in common with the "classic" market - because it is built on its basis and has adopted all the positive and negative aspects.
We can't say that support and resistance lines are good or evil, but the fact that they exist and work as on the classic market is a fact. And it’s better to use them as for me
Correct, the same principles that apply in the stock market apply here the only difference is that this market is way more volatile so your losses or your wins are going to be larger and you are bound to make more trades as there is more action during the year, but this is a good thing for good traders, as such if the concept of resistance and support works for you in traditional markets then it should work here too with some minor adjustments since we need to take into account the volatility.

This is good and bad for traders at the same time.
Entering the cryptocurrency market is saturated with risks and for newcomers this is a very dangerous place-there are scammers everywhere, dubious projects, fraud, a market collapse due to a cough from a McAfee or another stupid China FUD.
All this leads to the fact that some people are less willing to trade cryptocurrencies as soon as they begin to realize all the risks inherent in the market and return to the"classic market". Less often, they just buy and hold a small number of coins in order to sell them profitably after a long time
168  Economy / Economics / Re: Is Bangladesh going to accept Cryptocurrency??? on: December 02, 2020, 04:48:07 AM
Why any neutral-positive situation perceived as a movement of the continental plate?
The fact that there are some changes in some country where big Mac is a delicacy for people is not a reason for joy, but rather another confirmation of an almost classic story. If the country is poor, then people go to cryptocurrency not because it is so cool and modern, but because they would have at least some money. You confuse the causes and consequences of such processes.
169  Economy / Economics / Re: "Humans will not be replaced by robots very soon" --- yeah right !!! on: November 28, 2020, 02:43:13 PM
The problem is not killing all of humanity but that "Oh no robots sleep with my wife and work at my job". Unfortunately for the author, such things will only affect low-skilled personnel (all sorts of washers, sellers, etc), which will lead to an increase in the general level of education and competencies in more demanding areas of knowledge. Why do people need to take revenge on the streets if you can collect the same robots that will clean the streets? The author does not see life
170  Alternate cryptocurrencies / Altcoin Discussion / Re: About Freedom Reserve on: November 28, 2020, 02:35:34 PM
All that you have described about the same China - do you think that this will remain only within its framework? The point is that it is not  «welcome to China» but «welcome to the future» where money will really cease to exist in physical form. Where it is really necessary to have a certain basic set of applications for successful communication with the world. And Yes, where you will be asked to provide documents at any time and for refusal you will be immediately taken to the police station.
And let's not build illusions-cryptocurrencies are just as much a part of this world as messengers or government services apps. Moreover, this is the same side of the coin only with a different sauce. Do you think the governments of different countries will always put up with the fact that they can't control something?
No, this is not even welcome to China but welcome to cyberpunk
171  Alternate cryptocurrencies / Altcoin Discussion / Re: As for all available crypto wallets it's always about it's private key on: November 28, 2020, 02:28:06 PM
Speaking of the inaccessibility of hardware wallets, people often forget that they can be totally lost. Why? Because if you can cover your hot or online wallets with a very large number of layers of protection and be quite sure that no one will hack them, then your cold wallet can simply be taken and stolen and you will not even be able to contact the police or find a thief-after all
a) cryptocurrency is still not recognized as money/assets in some counries
b) thanks to the very holy decentralization, you will never be able to track where your money has flowed.
So what should I do? You can't achieve 100% security by being connected to the Internet - it's time to just accept it.
172  Economy / Economics / Re: Do you believe support and resistance still work in crypto? on: November 28, 2020, 02:09:04 PM
The cryptocurrency market has a lot in common with the "classic" market - because it is built on its basis and has adopted all the positive and negative aspects.
We can't say that support and resistance lines are good or evil, but the fact that they exist and work as on the classic market is a fact. And it’s better to use them as for me
173  Economy / Economics / Re: US Firm Launches Company-Sponsored Bitcoin Retirement Plans on: November 28, 2020, 02:06:34 PM
I will be the most skeptical person in this thread and ask. What will happen if by the time of my retirement, BTC, for example, does not die, but its price will be much lower simply because it will be replaced by another coin that will be better in everything and it will pass the legendary "to the moon"? I'm sorry, but as much as I would like BTC and cryptocurrency in general , I am not ready to trust them with my long-term savings like a pension. This is worse than trading credit money with leverage, don't you think?
174  Economy / Economics / Re: What if there is a natural disaster, such as an earthquake? on: November 28, 2020, 01:58:46 PM
Cryptocurrency and its price always depend on the end user - like many other goods/services/assets. If the country N and its inhabitants after a strong cataclysm will have concerns much more important than" some " cryptocurrencies, then no God or Satoshi himself will do anything about it.
And if we assume a more serious cataclysm at the level of some shift of tectonic plates that can plunge conditional Japan into the darkest darkness, then we should think - why would they even need third-party "toys"when you don’t have ground under your feet?

Cryptocurrency can be called a instrument for the "happy" who have only those concerns related to choosing Breakfast and a tie for the evening. If you have a house on fire, then you are not interested in what the BTC rate is or when the altcoin season will be.
175  Economy / Economics / Re: Here is why btc will die as a crypto on: November 27, 2020, 04:36:15 PM
BTC will die (if you want use this word) not because of commissions, but because of the time of confirmations and TPS. This is no secret to anyone.
Again, what don't you like? If there are high commissions, it means that a high number of transfers live here and now. How could it die because of the highs commissions that increase miners profits and means high usage? A bit mutually exclusive, isn't it?
176  Alternate cryptocurrencies / Altcoin Discussion / Re: How true is this? on: November 27, 2020, 04:31:54 PM
True, but only partially. Yes, if the altcoin season starts, there are more chances for a successful launch and promotion - but at the same time there is a great chance to drown in a sea of new projects and become "another project". The main thing here is to be on time. If you will not choose right time and place, do not expect that this train will be waiting for you.
177  Alternate cryptocurrencies / Altcoin Discussion / Re: You can't always hit the right target on: November 27, 2020, 04:27:16 PM
There is always a question not only of reward, but also of conscience. If you realize over time that your project is a total fraud and does not cost anything, it is better to stop and find something else than to continue to push your line. Not only because you will you get a negative response and lower your reputation but also your conscience is not infinite and sometimes you still want to sleep peacefully, don't you?
178  Economy / Economics / Re: Cryptocurrency is poor men Lower class wall street on: November 27, 2020, 04:24:41 PM
If you take the whole picture then yes, it is.
But what seems to be one thing at first glance turns out to be quite another. I don't think you can compare cryptocurrencies and the crypto market with wall street just because of similar concepts and trading.
On wall Street, they trade to get money, and cryptocurrency exists to become full-fledged money. This is the conceptual difference that breaks this comparison in the Bud.
179  Economy / Economics / Re: Will Crypto live forever or die? on: November 27, 2020, 04:19:14 PM
Your problem is that when you say "cryptocurrency" you mean only "bitcoin" then probably yes, here you can answer that" cryptocurrency " will die.
In fact, I am completely sure that in the modern form of cryptocurrency and countless crypto projects, there is not as much time left. In the future, the technologies themselves will be used, but the majority of current coins and tokens will be looked at as rudiments and archaisms
180  Economy / Economics / Re: this pandemic have made me do research on things i never tought before economy on: November 26, 2020, 05:46:49 AM
No, this is not the only possible solution. You will be surprised but a tax cut can give the same benefit in monetary terms as a raising. Why? Because the lower the tax the more people want to participate in the economy as an agent and not as a consumer. Local cafes and shops, new businesses, various useful services - their increasing number can give a total increase in the budget more than if you raise taxes for existing agents.
Raising taxes is the only way only if your grandmother praised the Communists, but no more.
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