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1801  Economy / Economics / Re: Trump bans Alipay and seven other Chinese apps on: January 14, 2021, 05:54:02 AM
It will not be very easy for Joe Biden to reverse the ban. If he does so, then he will fall into the trap that was set by Trump. In reality Trump isn't much concerned about Alipay or any other Chinese app. He wants to create a difficult situation for Biden, who received a lot of funding from the Chinese corporations. If Biden reverse the ban, then the GOP will accuse him of being pro-China. If he refrains from it, then his Chinese supporters would be angry.
If that were really the case, then I think that it is a really good move although a spineless one at that. I think that the only to reverse a ban without the backlash is to explain how this list does not compromise the security of their country in anyway. Also, improving their security on the cyberspace should have been the priority to make sure that even if there such things, a simple cyber attack is impossible to commit.
1802  Economy / Economics / Re: Different online business we can involve in on: January 14, 2021, 04:52:28 AM
There is plenty of ways to earn money online. In my country, people are more involved in marketing and graphics designing because those two require less time to learn and easy to earn money. I am interested in programming because of its demands in the working sector right now. Blogging and marking is also something that I could involve very easily.
In my country, the most popular by far is delivery services for food or parcels, most have around 20$ daily budget for this and get around 25$ profit at the end of the day, some even do it as their job because it is bigger than the minimum wage that most companies and factories even pay. Blogs has been less popular because of the emergence of Vlogs, that are far more engaging. Programming is a big one but you have to be careful because there are a lot of freelancers around which means that pay rate will be lower because there are competitions, it goes the same for any online jobs that @laredo7mm mentioned in his quote above.
1803  Economy / Economics / Re: Bitcoin - Institutional Investments in 2020 and beyond on: January 14, 2021, 03:41:41 AM
There was actually a lot of institutional money behind the past rallies as well, but it's different this time in that institutions are actually actively seeking to hold BTC in their proprietary trust as opposed to taking advantage of short term price fluctuations.

And you can see this from the fact that exchange balances are actually decreasing at a rapid rate despite the rally.

Institutions aren't as interested in speculating this time round. The likes of Ray Dalio have said that the current world order is very fragile, and BTC has now grown to be seen as a hedge against that as a long term asset.
That must be the reason that institutional investors become the talk of the town, they become a more proactive players in the bitcoin market. The balances getting lower is a pretty scary prospect for individuals that invest in bitcoin because they will be the first to be affected by a price dump or a hiccup that can cause panic amongst the bitcoin population. The good thing about this is that institutional investors as @magneto said is not interested in speculation but a long term hodl is a good indicator of price hike which I hope that it will be the case.
1804  Economy / Economics / Re: Tesla overtake Amazon? on: January 14, 2021, 03:03:21 AM
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That's right. Personal net worth of Elon vs Jeff Bezos here not the revenue of Tesla vs Amazon. Tesla has specific customers and not everyone can afford it. Whereas, Amazon basically serves all status levels of individuals. This is why e-commerce is getting more revenue here. I don't know if Tesla will ever overtake Amazon in terms of net worth in the market. The market of Amazon is huge as compared to Tesla.
If ever, Elon's other companies get bigger like what happened to Tesla, I think that he will be dominating the big tech market. Elon's has SpaceX, The Boring Company, Neuralink and OpenAI. Most of his works will be contributing to multiple industries which means that one breakthrough could be another money machine for him. Although Amazon is also innovating, it is not that famous as Elon's companies.
1805  Economy / Services / Re: [CFNP] Roobet.com Signature Campaign | The Honest Online Casino | Full Members+ on: January 13, 2021, 09:02:54 AM
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1047251
Current amount of Posts (Including this one): 555
Earned merits amounts in the last 120 days period : 5
BTC Address: To be updated

I'll update signature and avatar promptly, if accepted. Thanks!
1806  Economy / Speculation / Re: Bitcoin will reach 100K! OK and then? on: January 13, 2021, 08:27:01 AM
I am not expert so I do not know what really happens, with your condescending tone, it seems to me that you know something. Shouldn't you be the first to do explaining, am I right? Give me your knowledge because I do not know what happens after that, maybe people will get more money than they invested in bitcoin, or bitcoin will trend more than ever, a new ATH will be marked.
1807  Other / Politics & Society / Re: US Capitol Stormers Are Now On No-Fly List And Crying At Airports on: January 13, 2021, 07:52:19 AM
100% deserved. What were these guys thinking? Rioting in the capital and all is going to be fine? I really enjoy these short instagram clips of people getting kicked out of the airport because they were part of the riots. I mean people actually died there, it should definitely have some consequences.
I think the only time that a mob takeover is acceptable is when your country is being run by a police and fascist state. I think that it is a good move that they are on the no fly list because they should know that there will be a consequences to their actions. I believe that they also should get fired for their jobs to further cripple them, that is the only way to kill radical fascist, cripple their livelihood a let them become homeless.
1808  Other / Politics & Society / Re: "Happy" Anniversary Covid-19 on: January 13, 2021, 07:07:32 AM
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I feel the exact same way.  It got to the point where people would refuse to wear one just because they supported Trump.
Yeah, what I call those people who blindly follow someone are fanatic sycophants.
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It's been predicted for years that population density will lead to outbreaks like this.  If Covid-19 is persistent like the flu, we may not have normal life again until the population shrinks to meet the rising health care capacity.   The young people don't understand their actions will kill others.
There are theories surrounding that notion, like how Earth is a living system that just simply gets rid of impurities and diseases by causing plagues, pandemics and droughts. I forgot the theory but I have read about it a book where there is a theoretical limit and when that limit is reached, someway Earth gets the limit lower.
~
Even if  you don't worry about dying from Covid, you should worry about dying from a papercut if it gets infected and there is no health care available.  :/
https://www.youtube.com/watch?v=odwVbGO9yxo
God bless USA and their expensive healthcare that it is better off that you are dead rather than get your surgery.
1809  Economy / Speculation / Re: Bitcoin can hit $50k? on: January 13, 2021, 06:28:42 AM
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We shouldn't buy bitcoin as the price goes up or at its peak because bitcoin is an extremely volatile asset. It is also dangerous if bitcoin will continue to rise that any time bitcoin could go down instantly, so we should not be in a hurry for bitcoin reach its price up to $50K because we might experience a massive landslide to bitcoin's price just like what happened in the year 2017 and 2018.
I forgot about that one, but don't you think it is a little different now, last 2017-2018 run, the run ended around January, the prices slowly slumped back but now the prices are still going strong and back then there is also little to no institutional investors willing to gamble their money in something that is FUD infested cryptocurrency. Just hope for the best and good things will follow definitely.
1810  Economy / Speculation / Re: Long time lurker, 1st post on: January 13, 2021, 05:50:57 AM
100,000?
Are you saying this price based on analysis or is it just a letter?
I think your statement is a joke to decide for the end of the year from now on.
Everyone can hype up, no need to analyze but the current situation of institutional investors pouring in their money is really something that you should be considering, the prices might not get to that point but it will definitely be around that block when the time comes. This is a speculation board after all.
1811  Economy / Speculation / Re: Bitcoin can hit $50k? on: January 13, 2021, 05:12:47 AM
I believe Bitcoin could hit the price of $ 50,000 in 2021, especially now Bitcoin is experiencing a correction after successfully reaching an
all time high at a price of $ 41,900. Because every time Bitcoin will rise even higher it begins with a price correction first, I'm sure the Bitcoin
price will soon go up. We just need to be patient, and keep the Bitcoin that we have. If you have extra money you can buy more Bitcoin
at the current price, because now is the right time to buy Bitcoin.
If the current trend continues, I do think that it will go sooner than everyone could expect. You have to be careful about buying at the current price point though, this is the stage where it could go high and low any moment, and if it goes the either way, someone will definitely panic thinking this might be the highest point or this might be a landslide so be careful, if you easily panic when there is a down in prices do not devote all the money you have to buying bitcoin.
1812  Other / Politics & Society / Re: Insurrection Act 1807 Signed? on: January 12, 2021, 06:48:39 AM
If true, This could be a catalyst for a significant stock market correction, and USD inflation ... and BTC could surge even higher... What are your thoughts?
How exactly could it be a catalyst for stock market correction, USD inflation?
In my opinion, this Insurrection Act is just another power move for those in the higher power. To be honest, I do not think that mobilizing the military against the citizen is democracy friendly, do not forget and always remember the violence of the system against its people is the last straw or should be as far as what happened back in China. Remember and never forget about Tianamen Square Massacre.
1813  Other / Politics & Society / Re: "Happy" Anniversary Covid-19 on: January 12, 2021, 05:20:02 AM
It is not the administration that is the problem when it comes to pandemic, right now the ignorance of the people is the problem. Anti-vax and anti-maskers is a movement created by people that are completely vaccinated from different diseases that could have crippled them when they were infant and people that were spoon fed everything. I believe that this continued ignorance will be the reason that society will face another collapse. If that deaths were caused by people not following the regulations of not wearing a mask and going to crowded places which are highly discouraged then I do not feel bad about them.
1814  Economy / Speculation / Re: Nocoiners desperately trying to say this is the end for Bitcoin on: January 12, 2021, 03:25:15 AM
Goddamn vultures trying to defame bitcoin, the S&P 500 does this but no one bats an eye. I get that these vultures need money too but to go as far as mudslinging for a sensational article is a little bit on the disinformation side of things, I do not like mainstream media because there is no good news anymore, all they ever post is either emasculating articles about how women are far greater than any other gender, wholesome stories that distract us from the genocides that are not covered because "it ruins publicity", and advertisements about pasta machines for Yuppies to buy. Do not believe the FUD, bitcoin has bounced back a lot of times for over ten years and look at what happened. Nocoiners=Nofuture.
1815  Economy / Speculation / Re: Could this correction lead to a bear market for Bitcoin? on: January 12, 2021, 02:32:56 AM
There's isn't a healthy chart if it's always up, this is different from the 2017-2018 bear market and I wouldn't expect that to happen again.
I do think that having a valley in the market is a good thing to be honest which coincides with the statement above, if the prices are always skyrocketing then there will be no small time buyers which is counter productive to the mantra of bitcoin in the first place that it will free people from the shackles of financial institutions. I hope that it will really be different because the same pattern will only mean that anyone can simply predict the prices.
1816  Economy / Speculation / Re: Can BTC go down to <$5k again now? on: January 12, 2021, 01:43:53 AM
There will come a time when bitcoin will not be able to go back to some prices, remember when it was still around 1$ apiece, it was a long time ago and it did not happen again unless a sudden increase in selling volume happens and the supply becomes higher than the demand. I think as the prices go up, there will be some points where the market can't go back.
1817  Economy / Speculation / Re: Don’t Panic on: January 12, 2021, 01:11:50 AM
Yes we have seen this before and what I would suggest we were here is that hold on to your Bitcoin by setting up a lower limit of 5% at the value drops five more than present then please go ahead and sell it off by this way you get one more opportunity to earn profits if the value increases. But I don't think it's everyone's cup of tea, now Bitcoin has got more attention from media house and even a slight drop triggers FUDs to go bonkers and if Bitcoin crashes back by more than 50% then it will definitely tamper bitcoin's image.
The reason for the price drop is just miners selling their inventory and this is just a panic in the spot market, the price will slowly bounce back and I think that many institutional will still be buying more bitcoin after this, to me this is just a hiccup. Don't be dragged by the FUD people, the vultures want the panic, that is the most sensational news for them.
1818  Economy / Economics / Re: Will bitcoin ever succeed as a currency on: January 11, 2021, 04:42:38 AM
With an increasing number of institutions investing in Bitcoin, the hype surrounding cryptocurrency is going to increase and more and more people will start using Bitcoin. As a result, the number of transactions will increase. But here the problem is that, with limited block size, users can expect lengthy delays. And that makes Bitcoin unsuitable for usage as a currency.
I wouldn't consider it a currency either, even if there is a mass adoption it is not like everything will just change in a flash, there will still be users of fiat money and some governments will be banning cryptocurrency. As @bryant.coleman mentioned in the quote above, the transaction will be difficult and in this world where time is a precious item, I think that it will flop real hard if they forcibly enforce adoption.
1819  Economy / Economics / Re: Stinulus go big or go Home on: January 11, 2021, 04:03:30 AM
It will affect you no matter if you leave in USA or not. And printers are doing brrrr not only in USA, the european central bank is also lagging behind in loading paper into the printers.
It will not affect if I am being honest, as long as USA is a superpower nation, the value of their currency will not be affected even if they print more money, they are the biggest reserve currency for many countries after all. This means that the faith in USD is so strong that it will not go towards an explosive inflation like what happened at Venezuela and Zimbabwe.
1820  Economy / Economics / Re: This last rally Leg has been also bought by retail? on: January 11, 2021, 03:29:24 AM
but the biggest influence on the bitcoin market today are large investors because they must buy in large quantities, so that it will reduce the supply of bitcoin and increase trading volume which will make the price even higher. it might hit $ 50k if the trend continues this way.
There has been a drop in the market but knowing these companies buying large amounts of bitcoin, I think that a bounce back is possible and a 50k mark is possible, anything beyond that is still a little bit impossible.
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