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1861  Economy / Economics / Re: Legalization and Standardization of Organ Donation on: November 21, 2021, 05:15:40 PM
Where you said that the organs should be recorded and people should be paid without any form of examination to know their health status or that there shouldn’t be any form of lifestyle restrictions, is that really a good idea? So, what if the person is living a kind of reckless lifestyle that will affect the particular organ that will be needed later on? And maybe when they die, it happens that the organ is no longer in good condition to be used for the transplant, is it not going to be a huge loss for the company and those that needed the organ transplant?

So, do you think that is a good idea, or don’t you think that there should be an examination to know whether the organ is really in good condition before a payment is to be made to the person upfront?
1862  Economy / Economics / Re: Inflation is always and everywhere a monetary phenomenon -- Milton Friedman on: November 20, 2021, 10:18:39 PM
In times of high or galloping inflation, people are looking for options as quickly as possible to convert the hourly depreciating paper into a stable currency or other financial instrument. I watched the period of inflation in our country in the 90s. The first thing everyone did after receiving their wages was to convert everything into dollars, German marks, British pounds. Those who had more money bought gold in banks and other similar assets. The poorest - yes, they bought canned food, crackers, cereals, pasta, salt, sugar ... After a couple of years, when everything stabilized, the first two groups had highly liquid savings, and the poor went to throw out tons of expired canned food and moldy cereals ...
We have the same thing here as well. However that is getting lower and lower because people are turning it into crypto right away instead of other fiats. It does make sense, why would you want to keep something in fiat that will devalue insanely quickly, most people in other nations that have stable fiats can't even imagine it.

Imagine a world where what you buy for 100 dollars today will be 150 dollars in a year, yes 50% inflation and that is real all around the world. Unfortunately most money is collected in Europe and USA for retail investors (Asia has rich people but not rich population usually) and that means they do not understand the point of bitcoin as well as we do.

I keep my money in crypto so that in 10 years when our money is devalued and bitcoin increased that would mean that I will be an insanely rich person. Not because I made some super smart investment but because fiat always gets devalued around here.
1863  Economy / Economics / Re: crypto for the development of local farmers...can.....? on: November 20, 2021, 09:42:05 PM
And some of those offering the topic "cryptocurrency will save farmers" can explain
1. The main problems of today's farming
2. How exactly (step by step, with an explanation of what will happen, what is the purpose of each step) will this scheme work,
3. what are the key advantages of blockchain, in this case, the farmer will receive (preferably with an example).
It's just that, knowing, for example, the problems of modern farmers in our country, I can say that the only real application of the blockchain is maintaining an inventory of land plots so that they cannot be manipulated. Everything else is just money, and only agricultural technologies.
Technology improved a lot but farming tech didn't improve fast enough. That is the biggest issue, sure there are better tractors and all but most of them are under one companies power and that company doesn't let you fix it so they end up charging a lot, this is US farmers problem and there are technological problems in most nations as well. We need to not only change the way we farm but we need to add a lot more tech to it to make it more efficient. Farmer numbers dropped a lot as well, lands got sold and built new homes on those lands, at least in my nation that is like that. Most farmers kids studied in college and want to get a white collar job too.

So, we have less people, less land, less efficiency. How do we solve this? We need to grow the support for vertical farming, build business around it, and get botanists to become farmers in warehouses instead of lands. Crypto "may" help with blockchain instead of coins directly, but it is not a rush.
1864  Economy / Speculation / Re: How far will Bitcoin price correct? on: November 20, 2021, 06:00:01 PM
We stay above $50,000 until next year is healthy correction for me, even we will not create another new all-time high until end of this year, it's all good.
I am not seeing any big negative news are coming out but some government are heading up about their neutral stand against cryptocurrencies still we are having bear dominance in bitcoin markets. If this current correction is just because of profit booking then I believe we do not need to worry about closing below $50k levels. I am well aware of the importance of closing price on monthly candle hence hopefully we will get back above $60k price levels before end of this month.

Today market tried and failed to break resistance around $59k levels which might lead to another round of correction up to $57k before we see bulls get back to dominate.
1865  Economy / Speculation / Re: Buying the Deep (Bitcoin). on: November 19, 2021, 09:18:06 PM
It could go down a whole lot more from here and it would be fine, do not get worried just because the price is falling. I get that people could be getting worried about these type of things but in reality we are not really doing that bad.

Remember we were 30k just a few months ago and spent like 3 or even maybe 4 months there and now we are talking about dropping under 60k for the first time in a while. Just focus on the drop being a correction and how there will be recovery and you will feel better. Buy the dip as much as you can, and just stay still. If you get panic and sell your coins just because it is falling then you are going to end up being quite upset when it recovers.
1866  Alternate cryptocurrencies / Altcoin Discussion / Re: Play-to-Earn games on ETH: What's the catch? on: November 19, 2021, 08:16:56 PM
Anything that advertises easy cash and quick riches will always catch the eye of youngsters. How else do youngsters get clued to cryptocurrencies if not the hype in the quick ROI they promise. P2E is the rave of the moment and highlighting NTFs and Metaverse. It's a good one anyway, even when we take into consideration that one plays the game in relaxation to ease off stress and at the same time earn. However, I for one don't like any transaction that has to do with Ethereum because of the exorbitant fees in transactions. I won't be involved in any of such as it stands, to be honest.
I would say that there are a lot of play to earn games on ETH which looks like "easy cash, get rich quick" but the reality is that there are actually some of them manage to pull that off as well, which makes people look for others too. I mean look at Axie, I remember at one point you spent like 1k on 3 axies, decent ones as well, and then you earned like 600 bucks a month from that.

Obviously as it turns out if you spent 1k on it, maybe you would have made that for a month or two (which would mean you could break even at least) but the price of the Axies went down, the profit you could make also went down as well and now it is a lot less. So the catch is not that it is not working as intended, the catch is that it can't sustain like that forever, you need people to keep on breeding axies in order to spend SLP whereas if they do then the price of Axies goes down since there are more of them... it just doesn't work.
1867  Economy / Speculation / Re: Bitcoin in 2022? on: November 19, 2021, 07:01:05 PM
Looking at how the end month of 2021 looks not so great, I believe that 2022 will be another bull run. If it was only a super increase for the rest of the year and we ended up with 100k then I would say a crash would be close, however since we got rid of the crash right now already and we already had a drop that means we are going to eventually recover. This means that we should not be really waiting for it to go down all year next year, that would be a lot of money going out of bitcoin and I doubt that would happen.

What I believe will happen is that we will keep on being low for a while longer and then we are going to end up going up for a long time as well. This way I am hoping to have some sort of big ATH increase once again during sometime in 2022. I do not know when it will happen but spring seems to be the best time, if not then maybe next October could be decent enough.
1868  Economy / Speculation / Re: will we witness year end bullrun or bull trap? on: November 18, 2021, 07:03:11 PM
When crypto influencers are very bullish about Bitcoin and they often speak of it going towards a higher price, that usually is a warning sign.
I can't cite some examples of it but when most of the people are in the euphoric stage meaning they are getting FOMO'ed, it usually is a bad sign.

Well, I will be happy to see if Bitcoin will end up the year with a bull run but if the worst thing happens then... so be it Cheesy. Many are hoping that the last few weeks of Bitcoin will be bullish since if we will see the history of Bitcoin within the past years, the last 3 months of it turns out to be a bullish months for it. I just hope that it will happen again. What I don't want to see is Bitcoin ending the year with a series of corrections Cheesy.
December of 2017 ended up being something that printed in the minds of everyone. I believe that there is a good chance that people just hope for the same thing every sing year. I do not know why people believe that just because it happened in one December, why would it mean that it would happen with the same December? That doesn't mean that it will happen again and I believe that there is going to be nothing like that at the end of the day. So, this is why I believe that there is going to be something and I am not sure if it is going to be just up, it could also be a down.

I am used to having at least one big volatile movement from the crypto prices every month, and yes December will not be different and there will be one big movement. However this is not about "we go up every December" it is about "we move up or down but a lot every month" and that will happen.
1869  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it a good list for a short or medium term investment? on: November 18, 2021, 10:06:22 AM
In your opinion, is following list good for a short or medium term investment?

  • SLP
  • KEEP
  • NU
  • CPO
  • NBC
I like to suggest you to go for only short term investment when you are going for altcoin investments. Because even in mid term, we cannot be sure about what is going to happen for the most of the coins you have listed. To stay safer with altcoin investments, it is highly recommended to book profits whenever you are seeing some 5% to 10% of growth. This way you will never need to wait for long period.

What I am suggesting is purely based on general opinion of altcoin markets and not just specific or limited to these listed coins. I am into altcoin to industry for years and carefully watching it always. So, in order to avoid big disappointment, I believe you must go on booking profits time to time.
1870  Alternate cryptocurrencies / Altcoin Discussion / Re: Should we buy tokens for young projects? on: November 15, 2021, 11:07:02 PM
I would say that if you are going to invest into projects very early on, then you should avoid putting it too much money, and it solves all the risks there is about the doubts you have. Take $10 for example, it is small enough number that it is probably not a big amount anywhere in the world, maybe there are some places which you need to work a few days for it, I really do not know but it is definitely not big enough that you would be crying over it if you lost in 99% of the world.

In that case you could put it in a small project, if it does 10x then you have 100 bucks and you have a side thing that you could invest 10 bucks to 10 different projects now, if not then say goodbye to your 10 bucks and move on. The amount could change but this is by far the most effective way, put an amount you do not mind losing and you would be doing a much better job.
1871  Alternate cryptocurrencies / Altcoin Discussion / Re: What you guys think is Shiba Inu Coin a better investment than Dogecoin? on: November 15, 2021, 10:40:50 PM
If we were to say today that the Shiba Inu will lose out in circulation a year or two in the future, probably a lot of people wouldn't believe this. Because currently the token meme trend, especially Shiba Inu. But if in the next two years the trend has changed, then this meme token is just a memory. Before the emergence of STOs, IEOs, even now NFTs, the first to appear were ICOs. I saw that almost most of the projects hit hard cap, and now ICOs are starting to be doubted after the trend of IEO and NFT.
I have been around way before ICO period as well, and there are coins from that period, and I have seen ICO period as well and there are some coins from that period as well, I have seen IEO projects become something and now NFT is something and people doubt that it will go on but I say a few will, surely it won't be hyped like today but it will be there. ADA was a ICO project if I am not wrong, after nearly 3 years it reached to 3rd place, THAT'S what meme coins potential is.

Look at Doge, it was literally nothing for years, nobody cared about it at all, and then one day it reached to all time high and nearly 70 cents each. I am not saying Shiba will do the same, it is near impossible for it to be that high, and I believe that Shiba will go down, however the argument against it is not that hype will die down, because even if the general hype dies, few projects could still stand.
1872  Economy / Economics / Re: 6 billion to solve world hunger? on: November 15, 2021, 10:15:51 PM
Being rich and powerful actually gives you access to many more tools if you want to protect your identity. True, not everybody can donate 6 billion bucks, but  if he really wanted to help he probably wouldn't need to, and a simple donation of that amount probably wouldn't make much of a difference.
The problem is he's expected to do charity, and that's wrong.
Lots of people feel they have a right to help others with someone else's money. Maybe they should use their own money to do that.
He is not expected to donate his money, he is expected to pay decent taxes. If his company makes so much profit that he became the richest person in the world and made maybe close to 2x profit in under 2 years that means he should have paid a little bit more taxes?

If he kept on paying taxes like the people in his company paid, then he would have half of what he has in wealth, not because his company can't afford anything, they would still be a very wealthy company, a 500+ billion dollar company even, but they would not be 1 trillion, and that's fine, don't be a trillion, be half a trillion and pay a ton of taxes.

Not that they would have to pay that much taxes, that's "worth" of the company and not how much they have, they would have to pay 10-20-30 billion or whatever more, and that would be amazing if EVERY company did that. Workers pay more from their salary on % than companies pay on their income % so it is unfair. It is not donation, it is called a tax.
1873  Alternate cryptocurrencies / Altcoin Discussion / Re: Compare Layer 1s blockchains, which is better? on: November 15, 2021, 09:39:09 PM
I believe that as long as it is better than ethereums then all there is left to do is the marketing part of it. I mean DOT and SOL are the two better known ones Cosmos is not unknown neither, I am not sure if I know the NEAR one. However looking at the situation in all of them it is clear that as long as they are secure that means there is really no difference between them.

So let's assume you have to buy a house, and the house is 200k dollars worth, one bank offers you 300k as max they can, which only 200k you will get a loan so the extra 100k is useless, then the other offers 400k, then another offers 500k and another offers a million. Does that really matter? In all of them you will get 200k loan, rest is useless and doesn't matter to you, sure the one that offers a million dollars attracts your attention but in reality it doesn't matter. Whichever does better marketing will be at the top.
1874  Alternate cryptocurrencies / Altcoin Discussion / Re: USDT a trustable? on: November 15, 2021, 09:09:10 PM
This has been asked many times before and the answer is always the same; it is not trustable. Nothing is trustable, even bitcoin is not really fully trustable, sure we are doing fine right now but what about in 20-50 years when quantum computing is a thing and any quantum computer could hack into any wallet in a second? Not saying that will happen, there is a 99.99999% security in bitcoin but never would say 100%.

On the other hand USDT is owned by a company, a company that is working in some off-shore shady island and away from most big nations, those nations could charge them with something (like it was done last year) and Tether could pay it if they want to, however they could just ignore it and be wanted in USA and still live their life without a problem. This is why I doubt that it would be something that is safe if you just trust all your money with it.
1875  Economy / Economics / Re: Credit cards | A scam or a tool? on: November 14, 2021, 07:12:40 PM
I have used a credit card but if we are not wise in using it then our debt will pile up

I stopped using credit cards when the interest on my debt seemed eternal and never paid off even though I always paid on time, since then I realized that credit cards are just a bank tool to bind users

Be wise to use a credit card, don't use it to spend on luxury items that are not important
What you say is right. We need to be wise using a credit card because the credit card is just a tool and give easiness to us to pay something without using our money but at the end of the month, we still need to that debt to the credit card company plus the fee. Because of the easiness to pay anything we want, we can forget to control the use and make us pay a lot of money at the end of the month. I still prefer to use a fiat or debit card because that gives me an allowance to control the use of my money.
I have never owned a credit card in my life because of this. A cheat that I have is that my wife does have a credit card, I do not use it at all but she likes to use it and she pays it with whatever she earns, the only times we ever had to use it was when we had hospital issues and health issues, which I had to use a few times as well, so I did used credit card twice in my life thanks to my wife, but that's it.

I do not use it on my regular life and our home doesn't get anything with credit card. She just likes to buy shoes, dresses, make up all the things women usually buys and uses her credit card but we always cover everything at the start of the month without a problem, we never go beyond and leave a debt. I handle everything about the house, all the food, all the groceries, all the needs, bills everything and pay straight out of my pocket. It is still a card, it is just debit card that pays from what I have and not create any debt.
1876  Alternate cryptocurrencies / Altcoin Discussion / Re: Be careful with the hype on: November 14, 2021, 04:21:07 PM
We have had several hyped coins and token lately and many have been a victim of hyped projects that ended up crashing in not long after attaining a very little profit margin. Been extremely careful with how we go about our analysis will help save a lot. Just wondering why developers would come up with nice projects only to crash after a short while keeping investors in losses.
Most of the time those projects that you would see that looks really good and ends up crashing at the end are not legit projects, they’re all just fake projects that are owned by scammers who copied and paste their white papers to deceive investors who are not able to find out that they are scammers. This is something that’s been happening in the market, and as an investor you just have to be careful while investing your money to avoid being scammed.

Most of the projects that you are going to come across are usually being run by scammers, so you have to do proper research and know whether the project you are about to invest your money in is a project that is legit and would be worth your investment. Although sometimes there are also projects that do fail due to mismanagement by the team, and also due to lack of funds.
1877  Economy / Economics / Re: Mindset game for the skilled and unskilled. on: November 13, 2021, 09:08:21 PM
This works on certain people but not every single person. For example let's assume that you have a startup idea, congratulations you are one in a billion, because over a billion people have one and that means it worths zero and noooo job in the world no matter how awesome it sounds or how realistic or how profitable it sounds there is still no way that it worths even a single cent of investment until it starts to work.

However if you sleep with it, wake up with it, eat with it, watch netflix with it on your mind constantly and can't stop thinking about it, then some people will get to work. Even though millions upon millions will do nothing about it, there are "some" (a few) who will do everything to make it work.

I have seen one guy who worked overtime at his work for a while to earn more, then got a second job instead of overtime, then became taxi driver, and saved 13k dollars (which is quite good amount of money for startup in my nation). Then he worked 4 months to learn how to design and develop his idea, so he didn't pay anyone else and can keep the funds for marketing. Then he worked on learning marketing, seo, inbound, email and many other methods as well. Not all will do this and it is very rare.
1878  Economy / Speculation / Re: What if $70k was Bitcoin ATH for the year? on: November 13, 2021, 08:18:19 PM
Isn't that fine? I mean do you really must get 100k+ or whatever you are aiming at for this year to make you happy? I am totally fine with whatever we have, I do not need to see something that is grand to be happy with the situation. Now dropping a lot is a different case then having a high price, I could be happy with not reaching 70k+ but if it reaches to 30k against this year that could be a little bad.

I would still not be worried, just get more bitcoins when it is cheap so I would be still glad that it dropped, but I would also understand people who end up scared as well, that part makes sense. If you are all in and not making any more purchases then you could be a little upset when it falls down.
1879  Economy / Speculation / Re: Tesla accepting Bitcoin payments and ..... Doge ? on: November 13, 2021, 07:06:55 PM
This Shiba Doge connection, i don't get what these guys are trying to do, are they endorsing both of them or maybe it was a typing error on their side?

What they're looking for is Tesla to be talked about. This information has already allowed this topic to have three pages of comments.

That is, goal accomplished, Tesla to be talked about, without spending a single cent on marketing.  Roll Eyes
What they are looking for is Elon to be talked about and not just Tesla. I get that most of his money comes from Tesla, owning a big part of it made him this much wealthier, and that is why everyone thinks he is doing it just for tesla.

However, remember that he has Solar City for tesla and he has SpaceX as well. That way we end up realizing that MAYBE he is doing this for all of his companies and not just one of them. He is getting more and more popular, which means that if he ever wants to do something with his other companies, and he is not allowed, then he has the backing of the population to help him as well. Dude literally sold flamethrowers to make some money, imagine how much more money he could raise.

Even doing any NFT collection would raise enough money to send another rocket to moon literally today and get it back as well, Imagine a world where you could land a space rocket to moon, then come back and then use the same rocket to go back and do this ten times cheaper than alternatives. This is possible with just one NFT collection because he is getting more popular everyday by doing things like this.
1880  Economy / Economics / Re: Is it true that Mt Gox funds are going to get released? on: November 13, 2021, 06:23:27 PM
There is no possible way that there is anything good that could come out of this. I get that some people keep getting hopeful about it, but we are moving to a period where people who have never heard of mt.gox or came in way after hack happened came into the crypto and could be considered majority right now.

Mt.gox deal happened back in 2013-2014 or so right ? I mean it happened during 2013 and we knew it, but the official statement came in 2014. If you look at the crypto world right now, I am sure that 50%+ of the people here came in after 2014 for sure, which means that we are not really doing that badly on mtgox issue, most people do not even care about it anymore.

This is why I care that there is a chance we won't even talk about it in few years, more and more people who lost their money there give up, and more new people join in making the people who lost money there a minority. I am hopeful about it because bad news always hurts crypto and mtgox was the biggest bad news ever, hopefully we won't have anything similar ever again in crypto history.
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