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Almost all of us felt anger and hatred against China because of the covid virus which is said to have come from Wuhan China but we should not blame all people living in China nor Chinese people because they are not all liable for what happened. We are all suffering from this pandemic but you think fighting back against China could help us recover from this situation? A mistake can't be corrected with another mistake. We should think wisely before making any move or decision and avoid hurting people which are not liable.
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There are many banks whose management system is very bad. Banks don't work properly so many people leave the bank and their existence goes down a lot. In that case, the bank incurs losses and the demand for crypto increases. In crypto, everyone can trade independently. Stocks are more likely to fail because they do not depend on the economy. In the case of banks, if the economy suffers, the rate of the bank decreases but there is no effect on crypto.
You mean the stock market will fall? No, it is also getting V shape recovery after the corona crash so no one actually is in loss except the salary class people who are the one ran out of money due to lockdown and big companies are still making the profits.Banks are always kind of bad with the middle class people and they will ask lot of documentation for the loan approval but we have no other choice than banks to get loans that is why they are going to survive even this corona crash. Of course, government will not allow banks to bankrupt. They are going to survive in any way. Many people rely on banks and banks is the brain of fiat money that's why government will make sure it will survive. Also crypto is not yet accepted in most country or it was not totally use as payment method like fiat money. |
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Transaction fees have always been the problem for small scale traders like us. Personally, I stopped due to this huge transaction fees. I realized that almost 50% of my profits were being used for transaction fees. The nature of transaction fees for smaller transactions is one disadvantage making it difficult for some people to adopt to crypto business transactions.
That was the sad reality in cryptocurrency, if the value of some coins increase the network fee also increase. It is good only for those high capital to invest but those with those the money is limited and just small amount , it will turns to nothing instead of making profit. |
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how will you react if you're one of us staying on the same country...
If you have any money left then start buying gold or cryptos because the value of fiat is going to get a big hit if the economy falls rapidly.And try to create your own job opportunities don't wait for the government to do it for you which will be really helpful with tacking the unemployment. But this is not only the issue of Philippines, almost every developing and developed country are into that situation. That's right. Need to become strategic on how to earn and survive from this worst situation. If you will not find a way to survive, you will die if you just rely on the limited relief goods from the government. I don't think the number of positive will lessen if the government continue to open every area in the country and all economic sector just to try that economy wont't collapes totally. |
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I think you should buy a book about bitcoin which include a complete package about bitcoin so that you can start your essay from the fundamental aspect of bitcoin then going through the significants aspect which is the economic and blockchain technology.
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Cashless economy is not yet ready,so, cash is cash and not a trash even we are now in a new generation which is fully digital with new and modern technology. Still, we need cash because not all countries are accepting payments using digital currency. And Cash is all the people know and familiar especially the old people and those who leave in a remote area where there is no electricity and internet connection nor gadgets to be use.
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There is a new method to create waste backed crypto with anaerobic digestion. This is an unlimited resource. You can convert waste and sewage to electricity in these new plants and then sell the electricity with Energy Web Token (EWT). Send a private message for more details if you are interested.
Give us full information regarding this, so that we can understand it very well. If this project is really good then many will patronize it. It's difficult to trust a token easily,we need to study all about this project to know if it become successfull in the future or not. |
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I think the primary reason why economy going down because of corruption. Next is because of unexpected pandemic like Covid19 virus that caused a worst effect to our economy and to the life of everyone.
A lot of people say that the economy is going down because of the pandemic and the urgent chaos created because of it but we need to understand that the economy must be flexible and strong enough to overcome such crisis. I mean how did China recover so fast from Corona virus when they were the one who were hit the hardest and first one to face it? That's because they had a solid system and created facilities like opening hospitals providing necessities to people at their home. While other Asian countries like India failed miserably because of not having an economic structure strong enough to face such situations. China recover very fast from this covid 19 pandemic because i believed they knew the cure for this virus. It begun to their country and said to their laboratory ,so it means , if they created this virus for whatever purposes then of course they know how to kill this virus and how to treat their patients. That's why they only have a few deaths and a lot was recovered immediately compared to other countries that doesn't know how to treat this and how to prevent it from spreading. |
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Quarantine has a positive and negative impact to the people and to the country's economy. The Negative effect is that many peoplr lost their job and the economy will experiencing collapes.All sectors of the economy are affected. The positive effect, people has a huge time for family bonding and has a time to know about crypto because we know that every person are online finding new job if not working online. Other's are focusing in cryptocurrencry because they already know it. The quarantine lessen the pollution because of transportation temporary not operating. There is no traffic and it lessen the accident in the highway. But despite of that all we hope is to go back to our normal life. Let us pray that this covid pandemic will end.
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It was a good move for paypal to link in cryptocurrency. More people will use their platform if ever it was true and they will give access everyone using crypto to send directly to paypals wallet not just putting up an exchange.
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Some countries economy are constant and some economy rise and fall, from my understanding I suggest that is because of government,and population of the country. What is your suggestion
The cause why economy rise and fall are the problems in the government , unexpected pandemic, corruption, and many more. Also if thr population of the country keep on increasing and half of the population are among the lower class then it will affect also the situation of economy. |
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Life insurance is very important especially this time of health crisis caused by covid 19 virus. But i think, only the those with enough savings now can afford to invest in life insurrance. Our life now is very difficult and our priority is our foods and other daily necessities and set aside those other things that cannot afford with our budget.
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It was already months that Bitcoin has been struggling to reach the next level ($10,000). There is no a clear sign that Bitcoin continues rising up or declining its price in the near future. Now, some altcoins can increase their prices more than Bitcoin. Some people stated that it may be the bullish time for altcoins. While others still doubted it, and they claimed it is only about temporary pump done by whales. Well, what do you think about this, guys?
That is the reality in bitcoin and altcoins. They are volatile and not stable. So, it's better to hold and wait that it's ptice will go beyond $10k in the future. |
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I thought it was already introduced into the school curriculum and universities...
Selected school only in other country but in my country i didn't heard that there is already a curriculum regarding cryptocurrency in general. I agree that schools and universities must include the cryptocurrency subjects or open a courses related to this,so that students will become aware about digital currency and blockchain technology. |
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It's funny how governments want to fight tax evasion by declaring strings of letters illegal. What if people decide to start sending only numbers and letters to one another without wallets or similar platforms while having copies of very simple and lightweight ledger of their transactions?
Well, I think tax is very important if you use government stuff. Otherwise you don't need to pay anything. The best way to avoid governments stuff is to use nature or go natural. The only tax we pay the CREATOR or OWNER of our world & nature is good behavior. Good behavior includes taking care of HIS creations.
I think government will put crypto tax base on the amount you are going to cash out and exchnge into fiat money. If through crypto wallet to wallet government can't put taxes on it. Only if you cash it out to different remittances or banks on which they will have access in your account because of KYC. |
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During the Covid-19 outbreak, many companies had the opportunity to experience different methods of working remotely. After the pandemic, we will see that working remotely has become more widely used, especially in the services sector. This experience can pave the way for large companies, especially in some departments, to purchase more services from the outside. Because of this reason many more people will doing online payments and use e-commerce sites.
Working remotely still not effective methods for some companies and business establishment because they can't monitor their employee and the time they will consume for working. After covid19 pandemic; economy will recover slowly until everything will go back to normal but it will need time. |
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I choose ethereum because it has a different usage. I can pay bills using etherem but bnb is not. Trusting a coins has a different criteria and usage. We should consider everything before choosing.
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Returning to normal after the pandemic will not be easy. It will took years but the important is we can live again like before pandemic. There's a lot of changes this new normal but i believed it was just temporary because after some development in different sectors of the government,the normal situation and normal life willl come. Just think positive.
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The biggest winnet during this Covid 19 are those people that can create a vaccine to fight the virus. Once the vaccine are ready to release in the market ,the price of it is very high because it was in demand and the demand will make it valuable. The country that can create this first are so lucky. But i think China knows what is the cure for this virus and just keep it secret to see their fellow countries suffered from this virus.
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