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161  Bitcoin / Bitcoin Discussion / Re: Can you use Bitcoin to pay everything online? on: July 31, 2023, 02:31:23 AM
Using Bitcoin directly may not be possible in all the places I need, including my country. However, I can still use it indirectly by selling it peer-to-peer and instantly converting it to fiat, especially through mobile financial services. While Bitcoin cannot replace fiat currency right away, the increasing availability of peer-to-peer services makes it convenient to use almost instantly. Don't expect use Bitcoin like fiat currency. It won't happen so quickly.

your opinion is the most accurate, it is still too early to make daily purchases with bitcoin, there is still a long way to go so that this currency can be seen more widely, the option of making a change to Fiat and in this way if canceling the products is much better. However, when there is a possibility that people can use this asset more freely, they should not make the choice to cancel directly in bitcoin, since by analyzing the comments of each one of you a little, I realized something important, and it is that the majority thought that making payments in bitcoin would be a bit complicated due to the volatility of the market, and this is true, since in such a case that a value of any product is given to be paid in BTC and suddenly the value of  this increases, we would be losing directly... so I came to the conclusion that this currency should not be monopolized for anything, but for specific purposes that favor us instead of harming us.
162  Economy / Economics / Re: Automating your savings will help you save more on: July 30, 2023, 11:50:11 PM
I see automatic saving as a smart and effective strategy to overcome the current bias and ensure regular saving without requiring continuous decisions about whether to save or spend… I believe that by implementing this technique, the temptation to spend money on daily necessities is removed, since that a part of your salary goes directly to savings before you have the opportunity to spend it on other things… As you say it is not easy to do this, it is easier said than done, but the people who have achieved this approach have obtained multiple benefits as far as long-term economic well-being is concerned... This discipline so to speak is something that we should all put into practice.
163  Bitcoin / Bitcoin Discussion / Re: are you still strong holding btc on: July 29, 2023, 05:34:46 PM
Investment decisions must be based on a solid understanding of financial markets and proper risk management. We know that Bitcoin is known for its volatility, which means that its price can experience significant fluctuations in a short period of time. For my part as a BTC investor I decided to hold for the long term just like you, I know that others choose to sell and make a profit when the price reaches levels that they consider favorable, but I have always seen Bitcoin as a long term. I am aware of the risks of my investment, but I am prepared for whatever... No one can predict with certainty what the price of Bitcoin will be in the future, and there is always the possibility of financial loss if the markets move only one direction . unfavorable. But there is still a high probability that its price will be very high, so it depends on how long you think you can keep your money in Bitcoin… In the meantime, I will enjoy the panorama.
164  Other / Off-topic / Re: elon musk changed twitter Logo and he want to buy a twitter account for $69.42M on: July 28, 2023, 11:45:18 PM
Clearly, while Mr. Musk has a vast number of unquestionable abilities, it is quite remarkable that managing a social network is not the most notable of these. It has been possible to see how, little by little, in search of making a kind of "positive transformation/transition", the only thing that it has managed to do with an interaction platform as iconic as Twitter was (is?), unfortunately, is to decrease its value in all the considerable aspects from the very symbolism of this network to, as has become quite clear, its economic value. I hope Mr. Musk's next venture isn't tied to social media. At this rate he will kill that market (just kidding).
165  Bitcoin / Bitcoin Discussion / Re: Just Another Good Source Of Motivation For You ... on: July 28, 2023, 11:00:02 PM
I value food over anything since my parents and culture teach me how to show respect on it since we are all striving to earn money just to eat since we can’t leave without food while we can leave without anything else except food/water alone.

This a good motivation if you are wasting money on fancy restaurants that serves an OP dish while you can eat the same on other restaurants for lower price with a little bit low quality. But if you are sacrificing food in general than to invest, I think I will not do this kind of motivation.

It is that in theory said motivation that the op intends to carry out, is directed towards those people whose pocket is considerably stable, it is recognized that for a person who lives from day to day this is not an option that can be taken lightly, but for those that do not make good use of their assets having the possibilities of growing with it, is a good point of view. In the times we live in no person with the ability to grow economically should waste their money, because their situation could change, so you have to make sure before having a good time and take advantage of investment opportunities such as bitcoin to face future crises. The problem with these individuals is their financial immaturity, which leads them to think that their money will last forever and they find out when they go bankrupt just when it is too late.
166  Economy / Economics / Re: War: who benefits and how! on: July 28, 2023, 10:16:24 PM
I personally judged it from the war between the two countries, Russia. Even though it was battered by many European sanctions, Russia was still able to reduce the inflation rate for 7 months in a row. This means that Russia also benefits. Then America is the most profitable from the sale of weapons and energy sources to Europe. The biggest loser is Ukraine. Really have to cry, drenched in blood and crying blood.
Russia is bad because it has been fighting Ukraine, but the US and its Alliance are in fact much worse because in all aspects they are very selfish.
Putin's Russia wanted to capture Ukraine with its huge human, economic and industrial resources in a few days and then, using them, direct its aggression against the Baltic countries and Europe. Of no small importance was the Kremlin's desire to appropriate the history of Ukraine's development as Russia's own history. After all, the history of the formation of Ukraine dates back to the 9th century, when Kievan Rus, one of the most powerful states in Europe, was born and grew stronger. And the history of present-day Russia is only a few centuries old and there is nothing special to brag about.

But Russia will definitely be a big loser after the end of its attack on Ukraine, if, of course, it survives as a single state at all. Ukraine has no other choice but to defend itself against the military aggression of its neighbor. But after the war, Ukraine will still receive financial and material assistance from the United States and European countries. In addition, the world powers are able to force the defeated Russia to pay reparations for the damage suffered by Ukraine from the war. This can completely renew Ukraine and make it even better than it was before this war.

Another big fat chunk of propaganda! I hope you're at least being paid.  Grin

What makes you think Russia wants to capture or annex Ukraine? Was it mentioned somewhere? Did Putin say this? If not, what are your sources then? SOMA (Straight Outta My Ass)?

Why do you think Russia wants to confront NATO by attacking the Baltic states and Europe? Did Russia claim that?

Your statement about Russia losing the war is just laughable. Just to remind you, nuclear superpowers can't lose in a military conflict.  Wink

I think if Ukraine had not stubbornly joined Nato, there would have been no conflict, but many people still insist that Russia is trying to occupy and annex Ukraine. War has never been beneficial to any country as it will stifle their economic development. Only countries that specialize in exporting weapons and making money from the sale of military weapons want war, but they will never directly go to war.
I agree, the possibility that a leading nuclear power in the world loses in a small war like this is very unlikely, sounds like a myth.

You are right, although I think that whether Ukraine had joined NATO or not, the conflict would have been executed sooner or later, the more land a country has, the more benefits they will have either for trade or for simple territorial expansion, joining in an organization was not going to save him from such a situation, however if I speed up the process, this would harm the Russian government, since having a neighboring country allied with its opponent is not very helpful for its military strategies but even so  I think that it is not the only reason..Or because you think that China wants to re-integrate Taiwan, it is very clear, because in addition to alienating the United States from its district, this gives it direct access to international trade and this, to say the least of the privileges they will have when achieving their mission. it is true that most wars are created to be able to sell weapons, but it is not always for that purpose, sometimes it is for strategy.
167  Other / Archival / Re: How to manage bitcoin correctly? on: July 28, 2023, 09:00:43 PM
For what reason do you feel the need to sell right now? apart from the notorious change that this asset has had in the past, is there another reason than the uncertainty of whether the bearish movements will continue?, in the event that do that you are having this idea due to a necessity, i'm not the one to tell you not to do it but if it is out of simple fear, i would tell you not to take this step, in recent years it has been possible to show that bitcoin has not managed to rise as It was expected, but even so, it continues to stand and its volatility has not been so bad, in addition to the fact that, with the beginnings of adoption and the proximity of an event as important as the halving, there is an expectation that at any moment it will see values again as in those years that it appeared for the first time, if you are patient and do not despair as many do, you could once again reinforce your confidence regarding this asset. Bitcoin is still the best investment, so instead of thinking about giving up, think carefully about how to use it to your advantage.
168  Bitcoin / Bitcoin Discussion / Re: A neighbor next door on: July 28, 2023, 04:14:00 PM
This could become a very sensitive issue... since if the law catches your neighbor, you could be blamed as an accomplice or as a safeguard of information, the fact of teaching people to use Bitcoin seems to me a great practice, since it is It is important that society learn about bitcoin, but regarding teaching a drug dealer, clearly as you say, he is looking to learn about Bitcoin, because he is interested in using it to hide or launder illegally obtained money. In such circumstances, it would be inappropriate and potentially illegal to assist them in that search… My advice really would be that if you feel uncomfortable or concerned about the situation, it is best to trust your instincts and consider seeking legal advice or reporting your concerns to the relevant authorities, Because if you were to refuse to teach him, you don't know how your neighbor might react... it's better to be prepared and safe.
169  Local / Mercado y Economía / Re: Regulación Crypto en Colombia on: July 28, 2023, 03:17:18 PM
Me pareces super bien saber que Colombia está dando pasos hacia la regulación de las criptomonedas con la aprobación del Proyecto de Ley Cripto en la Comisión Sexta del Senado. La creación de un marco legal claro para los prestadores de servicios relacionados con criptoactivos es un paso importante para brindar protección y seguridad a los ciudadanos que utilizan criptomonedas en el país…. Siento que a medida que esta ley avance y entre en vigencia, será esencial que se realice una supervisión adecuada para asegurarse de que cumpla con sus objetivos y que se mantenga actualizada en respuesta a los cambios que puedan ocurrir en el panorama de las criptomonedas.

 Si se regula de manera adecuada también puede fomentar la adopción responsable de las criptomonedas en Colombia y promover la confianza en el mercado de criptoactivos, al establecer reglas claras y estándares para los proveedores de servicios relacionados con criptomonedas, se puede reducir el riesgo de fraudes y actividades ilegales.
170  Bitcoin / Bitcoin Discussion / Re: Bitcoin Mining is friendly to the Environment says MIT on: July 28, 2023, 12:56:47 AM
The environmental debate surrounding Bitcoin is complex and subject to ongoing research and discussion... Some efforts are underway to shift towards more sustainable energy sources, such as renewable energy, which could reduce its environmental impact. However, the overall effect on climate and environmental emissions remains a controversial issue.

I think it's wonderful what college wants to achieve the MIT, it reminds me of the SBC (sustainable Bitcoin certificates) that aim to ensure that every time a Bitcoin is mined, verified clean energy is used. This unique asset creates a market-based mechanism that incentivizes bitcoin miners to use and promote green energy and allows investors to grow their bitcoin holdings in a transparent and sustainable manner

SOURCE: https://www.sustainablebtc.org/

This is another reliable study which backups the previous argument in favor of Bitcoin. It seems the FUD against Bitcoin being anti-environment and is a big contributor to climate change is now largely dead. It's been a while already.

Even Elon Musk was convinced of this FUD years ago and removed Bitcoin as a payment option in Tesla. There are many studies proving what he used to believe as wrong since then. The Bitcoin Mining Council has found out that more than half of the energy used in mining Bitcoin is clean. And then there followed a whole lot of news about Bitcoin mining not only deriving energy from renewable sources but even from what could have been simply thrown away as environmentally-damaging waste.

The change of position of Elon Musk and Tesla regarding the use of Bitcoin as a payment option was precisely due to concerns about the use of energy and its environmental impact... as time progresses, more studies are being done on how to make Bitcoin more environmentally friendly and I just hope that with the help of these projects they stop creating hatred towards Bitcoin in this area.
171  Economy / Economics / Re: Building a prosperous business on: July 28, 2023, 12:09:18 AM
Starting a business may seems easy but this come with alot of challenges which includes the ability to survive after being established.

Some people just start a business because they want to have a business.

This isn't enough point to start a business because a business based on this may collapse with time. When starting a business, you must put in mind that you want to solve a problem. It may be community, country or world problem. This various company have been in existence to solve various issues among people.

👉👉Telecommunication company came to solve communication problem.

👉👉Generator came to solve electricity issues especially among most developing countries where electricity is an issue.

👉👉POS was introduced to help banking sector reduce bank queue arising from people who want to make deposit and withdraw.

👉👉Solar system was introduced has well to reduce the cost of fuelling your generator to get power supply.

These are some keys that may guide you after a business idea has been gotten

🗝️🗝️Be passionate about your business idea🗝️🗝️
Take action immediately an idea is been gotten. Another person may have thesame idea you have just gotten in mind. Getting into market before him/her may be an advantage.

🗝️🗝️Determine if there is a viable market for your idea🗝️🗝️
Don’t launch without testing your idea. Idea may look great to friends and families but this doesn’t guarantee that actual customers will actually love it. You need to determine if there is anyone clamoring for your solution.

🗝️🗝️Don’t quit your day job🗝️🗝️
It isn't a good idea quitting ones job when establishing a business. Instead, start your business off as a side hustle. Do the groundwork of researching and testing while you still have the income to support yourself. If it takes off, look at what financial milestones you need to hit in order to go full-time. If you find that you have the financial runway to go full-time immediately and are willing to take on more of a risk, go for it. Just be sure that you have a backup plan if your business idea fails to gain traction.

🗝️🗝️Prepare a business plan🗝️🗝️
 Creating a business plan early will make starting, managing, and growing your business easier. This is your roadmap for success that you can actively review, revise, and share. Without a plan, you’ll just be making guesses and hoping that you’ll find success.

🗝️🗝️Find the right partners🗝️🗝️
Find the right individuals to work with. This should be individuals with same objectives and goals. Working with the right individuals who complement your skillset will elevate the potential of your business.

🗝️🗝️Track finances early🗝️🗝️
Even if you’re not a numbers person, you need to track your finances. Whether it’s with spreadsheets, accounting software, or an accountant. Your financial statements need to be up-to-date and organized. This prepares you to file taxes, pitch to investors, apply for small business loans, manage credit card spending, and easily track the health of your business.

🗝️🗝️knowing your competitors🗝️🗝️
To improve your chances of successfully entering a market, you need to understand the competition. You should be able to answer questions like:
🧠Who are the key players?
🧠Who is your immediate competition?
🧠What do they offer?
🧠How do they position their product/service?
🧠Who do they target?
🧠How large is the available market?
🧠What are their weaknesses?
🧠Are there opportunities for disruption?
Competitive analysis should be embedded in your initial market research.

🗝️🗝️Pay attention to your legal needs🗝️🗝️
Part of starting a business is completing the required legal steps to turn your idea into a legitimate business. This includes defining your business structure, registering for a tax id and business name, obtaining permits and licenses, and finding out how much you’ll be paying in taxes.

🗝️🗝️Have enough cash on hand🗝️🗝️
Cash is crucial for every business. Without it, you can’t cover your expenses, handle a financial crisis, or grow sustainably. Avoid starting your business with a loan. It doesn't look healthy for a new business. A business can look good on paper without actually being healthy. If cash is on loan, then how do you pay back when business isn't bring good profit at start.

🗝️🗝️Prepare yourself mentally🗝️🗝️
Running a business isn’t easy. You’re responsible for how it performs, the people you hire, the products/services you sell, the culture you develop—the list goes on and on. While you can steer the ship, there are plenty of things beyond your control. Production errors, rising costs, supply chain disruption, competitor changes, souring consumer sentiment, etc. If you aren’t prepared for the challenges that come with the excitement of running a business, you’ll sink. It can lead to excessive stress, long working hours, and financial struggles, among other things which may lead you to being discouraged about the business and may lead to the end of the business. Don't be discourage, instead, look for opportunities to optimize, make adjustments, and grow yourself as an entrepreneur and leader.

🗝️🗝️Be creative and consistent🗝️🗝️
You need to be consistent in the time you invest, establish milestones and metrics for success, and solidify a process for reviewing performance. This doesn’t have to be perfect, but you need to set standards for yourself and your business.


CONCLUSION
Let your purpose of establishing a business be on solving a problem not just to make money. If your reason to creat a business is to make money, you may get discourage within months if good profit weren't made. Establishing a prosperous business isn't easy, there’s a lot that goes into it. As you begin your business journey, keep these tips in mind, focus on planning, and take the time to test as much as possible. The more you prepare upfront, the more likely that your business will succeed.


Reference: https://articles.bplans.com/14-tips-for-starting-a-successful-business/

Quote
🗝️🗝️Be creative and consistent🗝️🗝️
You need to be consistent in the time you invest, establish milestones and metrics for success, and solidify a process for reviewing performance. This doesn’t have to be perfect, but you need to set standards for yourself and your business.

Persistence is the key to success, many people say it and I myself can say that I have experienced it, when you believe that a venture can go far, what remains is not to give up and find a way to meet the objectives that are expected or set, and it does not only apply to business ideas, but also to other areas of life, such as wanting to travel or improve your economic status, simple things that with perseverance can be achieved. Of course, everything you want has its sacrifices, so when the determination to fulfill a dream is solidified, it is easier to establish those limitations and strategies that you mention..
172  Bitcoin / Bitcoin Discussion / Re: I'll always tell people about bitcoin on: July 27, 2023, 08:09:02 PM
I feel that when introducing people to bitcoin, it's critical that you emphasize the importance of financial education and understanding how cryptocurrencies work..This will allow them to make informed and responsible decisions about their investments, thus reducing the risk that they may face significant losses. So I would like to know what is the method you use to reach people when you talk about Bitcoin? Do you do conferences? Streams... or what? Well, if you feel responsible for wanting to inform people, I imagine that you should do it in a big way.  as you say, money is essential to improve the quality of life and it is legitimate to want to share information that may be useful to others. At the end of the day, the decision to invest in bitcoin or any other cryptocurrency rests with each individual, and it is important that they are informed about the risks and rewards associated with it
173  Economy / Economics / Re: The impact of Russian and Ukrain war on world economy on: July 27, 2023, 06:07:42 PM
The impact that wars and conflicts can have on the world economy is quite worrying. .. War has a devastating effect on the economic and financial stability of the countries involved. The cutting off of oil supplies to the euro by Russia, as well as the scarcity of other essential resources and products due to conflicts, can lead to a number of problems, including significant disruption in production and trade, which could lead to a decline in economic activity. and ultimately to a recession. Unemployment could rise as companies struggle to stay afloat and investors are reluctant to make new investments in a climate of uncertainty.

From another point Financial markets can also be affected by the economic instability caused by the war. .. Uncertainty and risk can lead to increased volatility in stock markets and currencies, which could have a negative impact on investors and financial institutions. These scenarios can be devastating for people and me. A recommendation to combat and endure this chaos is to have a capital saved in gold.
174  Bitcoin / Bitcoin Discussion / Re: Small/medium scale Businesses confidence in accepting Bitcoin on: July 27, 2023, 04:38:48 PM
In the case of fraudulent transactions or breaches, resolution can be complicated, especially with Bitcoin due to its decentralized nature… If the parties involved cannot reach an agreement, the complaint can be filed with the competent authorities, depending on local regulations… Well, not in all countries it is legal to use Bitcoin, in addition to the fact that transactions are difficult to trace, which increases the use of tests and makes it even easier for a scam... On the other hand, although centralized exchanges can provide some level of security and ease of use, they can also be vulnerable to hacking and technical failures. Having access to customer data can be beneficial to running a business, but it also comes with a greater responsibility to protect the privacy and security of customers personal data.

I would say that before accepting Bitcoin in a business, it is essential to do extensive research, understand the risks and benefits associated with its use, and be familiar with local regulations... Well, although I would like the idea of using Bitcoin in business, currently it would not be recommended due to all the risks involved.
175  Economy / Economics / Re: How billionaires are really affecting the economy. on: July 27, 2023, 03:35:42 PM
I think you forgot to consider that Billionaires are the one who provides job and services to normal people. It’s not their problem if they are getting most of the wealth because their business.

The Government fiat is the real problem and the reason that affects the economy badly. They keep printing money while they didn’t give much value on the services provided by the workers. This is the reason why Billionaires keeping up on earning while normal worker is struggling because their services value doesn’t increase.

or could these people with sufficient conditions to change this system contribute something more than providing employment, such as giving generous salaries instead of focusing on getting rich valuing the efforts of their workers, and in this way making the world more equitable by reducing poverty..  It is true that governments do not contribute anything to avoid the need that many citizens have to live with but these people who if they have the conditions to help do not do it, why?  they are simply not interested, their only focus is to grow and if they see that someone does not contribute to thethat growth they fire them regardless of the circumstances in which they live in this world despite the fact that they seem to want to contribute to society, they continue to look out for their own interests and when they are harmed they will throw anyone into the fire this is why both the rich since governments are actually the problem, both are to blame for both economic stability and the growth of poverty.
They are actually realistic, it's impossible to overpay many people or just some people, maybe I think because being able to create jobs is one of the factors that makes the difference between iliaders and ordinary people and because it makes them have little influence on the economy, apart from that it will be profitable for them too because realistically every human being will continue to seek money or profits even though they are already very rich.
However, it cannot be denied that the government's role is very large in regulating policies for workers such as wage standards or other things, this has a big influence on economic changes for you people from the lower classes.

I agree about your statement on the government's role. People tend to direct their anger towards the rich/billionaires that they forget the role of the government in such matter. There are a lot of instances where the company that people are working for are tied down by the policies given by the government they are under. For example, in my country there is an age limit for people to continue working, so despite the very company wanting to keep their old employees on board, they cannot do so because of the policies given by the government which will cause problems to them.

It depends a lot on how this matter is seen, I am aware that big businessmen cannot go against the government policies maintained by the country where their industry is established, and therefore they are subject to offering their employees what the law establishes, but it seems to me that there are certain people with great wealth and who manage branches worldwide who can contribute with exceptions to the rule..

Quote
It is impossible to overpay many people or just some people

For these people who handle large sums of money, I don't think it's impossible, it's just that they could decrease their personal earnings, and therefore avoid doing this. If they study their income well, they could support their employees with additional bonuses for their economic issues, especially when the situation in the country is not very favourable, not all large-scale business owners are thoughtful with this issue, what's more, many exploit and provide zero benefits, these types of people are the ones who, in my opinion, collaborate so that low-income society worsens their situation. Of course I am not saying that they are all, and of course I am not releasing governments from their responsibility to improve the financial stability of communities. I'm just saying that these could contribute in different ways other than just providing employment.
176  Economy / Economics / Re: Food security in the world has been shaken by Russia's actions on: July 27, 2023, 03:01:51 PM
The use of military force and piracy to achieve political objectives is unacceptable and constitutes a serious violation of international law... the international community must condemn these actions and take measures to stop this type of aggression and blackmail that puts peace at risk and world stability. These actions, as you mention, in addition to having a devastating impact on the world economy and food security, increase the risk of famine in poor countries that depend on agricultural products exported from Ukraine... I think that armed conflict and trade war alone will cause suffering and hardship for all parties involved and the world community as a whole, but when it comes to Russia, I highly doubt they will seek a path to peace, cooperation and stability to ensure food security and well-being for all…
177  Economy / Economics / Re: How billionaires are really affecting the economy. on: July 27, 2023, 04:22:51 AM
I think you forgot to consider that Billionaires are the one who provides job and services to normal people. It’s not their problem if they are getting most of the wealth because their business.

The Government fiat is the real problem and the reason that affects the economy badly. They keep printing money while they didn’t give much value on the services provided by the workers. This is the reason why Billionaires keeping up on earning while normal worker is struggling because their services value doesn’t increase.

or could these people with sufficient conditions to change this system contribute something more than providing employment, such as giving generous salaries instead of focusing on getting rich valuing the efforts of their workers, and in this way making the world more equitable by reducing poverty..  It is true that governments do not contribute anything to avoid the need that many citizens have to live with but these people who if they have the conditions to help do not do it, why?  they are simply not interested, their only focus is to grow and if they see that someone does not contribute to thethat growth they fire them regardless of the circumstances in which they live in this world despite the fact that they seem to want to contribute to society, they continue to look out for their own interests and when they are harmed they will throw anyone into the fire this is why both the rich since governments are actually the problem, both are to blame for both economic stability and the growth of poverty.
178  Bitcoin / Bitcoin Discussion / Re: What will be the impact of this news on Bitcoin adoption ? on: July 26, 2023, 07:27:15 PM
Link to news
https://finbold.com/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/

So, now bitcoin will be accepted as  a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.

Don't expect any huge since for now this is just another good news but it will not bring any huge impact if we talk about global adoption. Yes this could create some changes but its just for temporary pump only and what I think could bring big impact in terms of adoption is the US will announce thay they adopt and make bitcoin as their legal tender. For sure with this we can see bitcoin will be globally adopted even in small merchants on our places.

I agree with you, if we look at most of the controversies, they occur with the great powers that are reluctant to legalize bitcoin, the only one that has not taken such drastic measures and that little by little is accepting it is Russia, and yet the majority Of the nations in the world are very much carried away by the actions committed mainly by China and the United States, these are the ones that are always in their sights and who are taken as an example to follow thanks to the economy they maintain, so at the same time Like you, I have the intuition that when they decide to change their minds regarding this asset, the adoption will be very different, because thanks to the influence that these countries emit, they will generate trust and many will follow them in this decision, changing the perspective they have on this asset, meanwhile said adoption will be slow and will take time, The important thing is that even if it is not achieved quickly, it will still increase at any time.
179  Economy / Economics / Re: The whales stirred. What should we expect? on: July 26, 2023, 12:21:41 PM
That seems really far fetched assumptions about the Bitcoin. Though you have not provided any source regarding the movement of such Bitcoin assets or older wallets are getting touched. Let us assume that this is a hypothetical situation where all the whales are touching their wallets for some reason then it could be anything from getting ready for the next halving or it could be just they are getting their funds transferred securely to another wallet. It could be just refresher movement and nothing much. It doesn’t mean we have to get so much worried about it. Just keep calm and keep our Bitcoins hang tight.

Of all the possible reasons why the whales may be making these movements the one i consider most reasonable would be this:

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from preparing for the next halving or simply transferring your funds safely to another wallet

These large investors who managed to accumulate huge amounts of bitcoin may be taking their forecasts to make their next move at the moment the long-awaited halving occurs, but to do so they must have their current assets safely, since both time keeping those bitcoin in a single wallet may be causing them insecurity, who knows, maybe they noticed something strange that could affect their capital, and for this reason they seek to protect their assets in another that gives them the same confidence that once gave them the that they previously used. For me, this would be the most accurate assumption, because...it really doesn't make sense that they want to switch to Fiat from one moment to the next, with the hope that bitcoin will move upward at any moment, but, anyway, you should have more information to know for sure what is happening.
180  Bitcoin / Bitcoin Discussion / Re: What if salaries were paid in BTC on: July 26, 2023, 12:06:02 AM
A friend of mine in our discussion today about Bitcoin was insisting that salaries and wages be paid in Bitcoin in some countries.
I was of the opinion that the government will not allow fiat to be replaced by Bitcoin .so what is your take on this will it be a positive move on the Bitcoin ecosystem or not
I think it would be quite hard to tell whether giving people salaries using bitcoin would be beneficial for a country. The main concern is that bitcoin's price fluctuates a lot and making it unsuitable as a stable form of salary and I think that not all countries have officially accepted bitcoin as a digital currency yet.

Perhaps, in the future such a scenario like that could happen but I don't believe they will completely replace fiat currencies. For decades people have been using fiat currency to purchase goods and services and it remains an essential part of our financial system.

Let's put this point in a different perspective, let's imagine that bitcoin is already legal in many parts of the world, double what it is currently, so now the problem of salaries being paid in bitcoin would be its volatility, but said instability is compared both by demand as well as by fiat currencies, that is, even though this asset is decentralized, we value it according to the exchange rate of a centralized currency, so I think that if we take Taking this into account, the question of whether or not a salary can be paid in bitcoin would change, since payments could be made in bitcoin but maintain a standard value such as the dollar and simply cancel according to how the rate was found.
But of course, this could be taken as an option for the employees, where they can decide whether they want a payment in this currency or prefer the traditional one, since as you indicate, there are many who still do not trust bitcoin and despite the fact that the government accepts it, the recession of those who do not agree continues... so for this to be possible in the future, they will have to try to please both parties.
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