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21  Economy / Economics / Re: Mastercard Bitcoin Global Adoption? on: February 18, 2021, 05:11:21 PM
But why BTC? For use "For every day" it is absolutely not suitable. You don't wear a custom-made holiday tailcoat every day, do you? That's exactly what no. BTC is not suitable for daily card payments simply because it is not designed for such a large number of transactions. It is too slow, inconvenient, and very expensive for regular payments. Better Litecoin or even BCH (sorry) for such purposes than BTC honestly.

An even simpler comparison is gold or silver. These metals used to be used as currencies, either in small chunks or even powder, or more commonly in coins. Still, there weren't very practical, as their value was high, so you wouldn't buy your food with gold or silver. With bitcoins you can go down to satoshis so at a glance it seems more useable, but considering the transactions costs and the time it takes, it isn't, really.

That's it. Humanity always strives for the convenience and speed of performing routine tasks. And BTC can not be called fast and convenient. It's like if you wanted a burger, but instead of buying it, you went to raise a cow and bread with vegetables.
22  Economy / Economics / Re: Where the correction ? on: February 13, 2021, 03:58:42 PM
Why do you need a correction? To then come back and say "hi BT there was a correction and my x12 turned into 0.1 again the bears dropped the market" so what? Or are you crying about missed pump?
Catch the moment now or wait for the first calls and get fixed. Leave the predictions to the fortune tellers and other children with crystal balls and spiritual knowledge.
23  Alternate cryptocurrencies / Altcoin Discussion / Re: Is this the Ethereum killer? on: February 13, 2021, 03:48:38 PM
In 2015, everyone said (and even now there are especially ‘smart’ people) that ETH is the "BTC killer". And did Bitcoin die? No.
Now it's 2021 and you write that BSC is the "ETH killer". If you are seriously confident in this, then I advise you to rush to sell all your ETH and buy BSC.
And then create another thread that history has not taught you anything.
BSC marketing company works as usual
24  Alternate cryptocurrencies / Altcoin Discussion / Re: Best Altcoin to invest on: February 13, 2021, 03:05:12 PM
One word - DOGE. While the guys from Reddit are playing with it and raising it up while Musk writes that "doge is cool" and puts the BTC tag in the profile, it is not ironic to invest in doge and wait for a quarter. You will be pleasantly surprised by how much you will win.
25  Alternate cryptocurrencies / Altcoin Discussion / Re: In which token i invest? on: February 13, 2021, 02:41:37 PM
Tip: find another $ 200 and invest it somewhere else. Or increase your ETH by another $ 200.
These are quite small amounts to strongly disperse your portfolio and it is better, at $ 200, to choose one thing. ETH is not a bad choice, even a good one, so leave 0.11 alone and just keep an eye on the market - to turn your 0.11 ETH into something more than $ 200 in time.
26  Alternate cryptocurrencies / Altcoin Discussion / Re: Trading Or Invest ? on: February 13, 2021, 02:13:20 PM
You ask "what should I do" but you don't give me any input. What do you want to achieve? What is your goal? How much money do you have?
If you want to put money away, not touch it for a year and forget it, and then get more-take it and invest. If you are interested in the process and you are thinking about some unstable but potentially big income-then trade. Decide what you need, say it-and then just come with questions.
27  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is Dogecoin overpriced? on: February 13, 2021, 02:06:38 PM
But after all, the same can be said about BTC - the only difference is that if you say the same thing about BTC, you will be beaten with sticks and thrown with stones.
If you think that something is overrated, this is your right, I do not argue, but only here it is worth considering one point. If you are talking about the overvaluation of any cryptocurrency, then you are both 100% right and completely wrong, because the term "value" is not very well suited for cryptocurrencies, because it is more a criterion for things with independent value. The value of cryptocurrencies is not as a criterion, but only the exchange rate difference, which depends on supply and demand and pump and dumps. And even if you say, " Isn't that a value?" - then I will say no, because the value of cryptocurrency is already postmodern. And Doge just proves it.
28  Economy / Economics / Re: Need of the Hour : Tackle Joblessness on: February 13, 2021, 01:56:57 PM
What if I tell you that the government doesn't owe you anything beyond what you pay taxes for? We will admit honestly that taxes are, if quite simply, a payment for the fact that you could live and not think about the fact that tomorrow you will be bombarded with chlorine and bombs that would take away your territory.
In addition to this function, the state does not owe you anything at ALL.
Just like you don't owe the state anything beyond what you've already received.

You say "the state should create jobs". Are you aware that any state-owned enterprise in the basic model is already a loss-making project in itself because it is uncompetitive in the conditions of the usual market, where people fight for profit by attracting consumers? Any state institution does not participate in such a fight because it is sitting on budget money. Do you want to pay more taxes? Or do you want new useless jobs and an expanded army of officials? I'm not sure.

With everything else, the emerging demand and the supply that keeps up on time will cope.
29  Alternate cryptocurrencies / Altcoin Discussion / Re: What determines the price of an ALTCOIN ? on: February 13, 2021, 01:47:56 PM
The answer to the question "what determines the price of altcoins" is exactly the same as the answer to the question "what determines the price of [anything that can be bought/sold]".
Supply and demand are literally the first words on the page of an economics textbook for the youngest. If [something] is not needed by anyone , it has no price. If necessary, the price is there. If the demand is higher than the supply, the price increases. If the demand decreases, the price also falls.
Welcome to the market.
30  Economy / Economics / Re: Will New York become a Bitcoin hub on: February 13, 2021, 10:50:44 AM
Ordinary political lies and nothing more. He want attention from media and nothing more. I want to reminder that to be pro-crypto is not enough to be a good politician with good skills
31  Economy / Economics / Re: Mastercard Bitcoin Global Adoption? on: February 13, 2021, 10:34:47 AM
But why BTC? For use "For every day" it is absolutely not suitable. You don't wear a custom-made holiday tailcoat every day, do you? That's exactly what no. BTC is not suitable for daily card payments simply because it is not designed for such a large number of transactions. It is too slow, inconvenient, and very expensive for regular payments. Better Litecoin or even BCH (sorry) for such purposes than BTC honestly.
32  Economy / Economics / Re: I wamt to know everybody know that collapse amd finamcial crash coming on: February 13, 2021, 10:18:25 AM
The "final collapse" is as close as the heat death of the universe. You raise a panic out of nowhere just because you read the blogs of a couple of fanatics and got infected with their ideas - I understand you, because there is nothing easier than becoming a radical. But think about the fact that the so-called "final collapse" is absolutely not profitable for anyone. You think that the fiat currency is a toy of the devil that is created only to "destroy humanity with machinations" but this is complete nonsense that has no reasons behind it.

But if you really want to know what to do in case of collapse - take care of the house. Create a large family, buy land, livestock, the necessary tools and machines, and live as our distant ancestors lived. This is the best choice if you expect a total collapse.
33  Economy / Economics / Re: SWISS NATIONAL BANK is the first Central Bank to own Bitcoin (via TSLA and MSRT) on: February 13, 2021, 10:11:05 AM
This is all very well, of course, but you forget that to ban BTC (and, in principle, cryptocurrencies), you do not need to come up with any complicated reasons. It is enough for states and other powerful people that cryptocurrencies cannot be controlled and there is very good transparency. These two things are quite enough if someone has a final and unquenchable desire to close the cryptocurrency market and other reasons will not play such a strong role as these two.
34  Economy / Economics / Re: Are institutions hedging? on: February 13, 2021, 09:58:22 AM
Hiding from the crisis in cryptocurrencies is a pretty stupid idea. And not even because during the crisis in recent years, there is a tendency to print money to get out of this crisis, which leads to inflation - but because during the crisis, cryptocurrencies fall in price and/or stop their growth, just like the regular stock market. You think that cryptocurrency is a safe bunker during a crisis, but in fact it is just as much a bungalow made of straw as fiat currencies. What difference does it make how much money you have if the real purchase power doesn't depend on it?
35  Economy / Economics / Re: Fiat and cryptocurrency on: February 13, 2021, 09:10:02 AM
"A banana and an orange are the same thing"

You are not ironically comparing two completely different things in their essence. You compare the similarity based on the function-purpose, but you do not want to take into account the essence of the subject and put an equal sign, which is fundamentally wrong.
Fiat currencies have a special set of qualities that make it impossible to equate them with cryptocurrencies, and the same with cryptocurrencies, they also have their own set of special qualities.

Putting an equal sign in such a question makes the most stupid mistake.
36  Economy / Economics / Re: The billionaires who own bitcoins on: February 13, 2021, 08:02:20 AM
Powerful person by their assets and money but i think its not excuse to play the market because of their posting on social media. But of course its up to traders if they bet what they have,and listen to this billioners people to what they posting on social media.
These social media influencers are so popular that a small hashtag like #dogecoin might pump the market beyond logic. I mean the market is massive but still these big guys can play however they want just because of their brand value.

It would be interesting to know the opinion of "real" f ans of cryptocurrencies who want its total recognition - what they will say when, because of one hashtag about Doge, the SEC suddenly comes and starts saying that" you are pushing the hashtag on the market! thats the market manipulation!». Same as with ordinary shares.

It's very funny that Dorsey's asshole loves BTC so much, even though he really likes to control everything around him. Twitter turned into a garbage dump thanks to his "right" decisions and now they have also build a real system of denunciations. Dorsey has built his own Cyber-GULAG and says he loves things that can't be controlled. A bit ironic, isn't it?
Haha good to see people hate him as much as I do and yeah its a bit ironic but more such guys into Bitcoins means more respect and recognition for Bitcoins so I don't mind a few assholes investing into Bitcoins despite hating them because of their power and position and their ability to influence the market.

I think Dorsey is a hypocrite simply because he does things that are completely mutually exclusive at the same time. Build a system of total control and extensive functionality for denunciations and at the same time maintain the free circulation of money and anonymity.
37  Alternate cryptocurrencies / Speculation (Altcoins) / Re: How long can this BULL run last?? on: February 13, 2021, 07:34:45 AM
The simplest and most honest, but at the same time the right answer - as long as people want it. Once in a while everyone asks themselves the question but no one wants to accept the simple truth that a bull run in the cryptocurrency market is possible only because people want it to be. When people come to the conclusion that cryptocurrencies are not something that is embedded in them and that in fact they are just playing thimbles and instead of "fighting" (as far as it is possible to imagine) with fiat, they only stimulate it with their behavior - someone will be disappointed and calm down after realizing that all the words around cryptocurrencies are solid lies, and someone will stay and wait for a new "trip to the moon" to collect the last cream in life. The question here is rather worth putting in a different way - when will people understand that cryptocurrency is not a means of profit but a means of turnover?

I am reading through your post and I really don't understand most of the things you're saying, however, in relation to this your point

"someone will be disappointed and calm down after realizing that all the words around cryptocurrencies are solid lies and someone will stay and wait for a new "trip to the moon" to collect the last cream in life."

So what exactly do you mean by this? Are you saying crypto trading/Hodl are not profitable? which I know for a fact are and is the major reason all go into crypto trading.

And when you concluded with this...
"The question here is rather worth putting in a different way - when will people understand that cryptocurrency is not a means of profit but a means of turnover?"

Turnover
"often, turnover is used to understand how quickly a company collects cash from accounts receivable or how fast the company sells its inventory."

So I would relate that to how quickly you can make profits from your crypto investment which all bores down to Profits bcos to me, Turning over-investment in crypto is making a profit.

As an investor, it depends on how soon or how long you wish to wait to take profits or what kind of strategy you adopt in taking profits is up to you because there will definitely be a pullback so the strategy like I said is all yours.

YOUR INVESTMENT - YOUR GAIN, YOUR LOSS


No. I'm just saying that cryptocurrency trading is killing cryptocurrency as it was intended to be. With each new ATH, people literally print more and more dollars with their own hands. What's the point? The higher the exchange rate of cryptocurrencies, the more fiat money will be printed, the more inflation will be and the less money you will eventually have. This is the simplest trap.

"A means of turnover" - in the sense that I believe (and so it was when creating) cryptocurrency is not a commodity, but a means for buying goods. And the problem is that fiat currencies in this scheme act as a commodity and this brings us back to the previous point. Why doesn't anyone want to buy coffee with btc directly? Why does everyone have to first exchange BTC for dollars and then buy coffee? It doesn't make sense.
38  Alternate cryptocurrencies / Speculation (Altcoins) / Re: How long can this BULL run last?? on: February 06, 2021, 03:47:11 PM
The simplest and most honest, but at the same time the right answer - as long as people want it. Once in a while everyone asks themselves the question but no one wants to accept the simple truth that a bull run in the cryptocurrency market is possible only because people want it to be. When people come to the conclusion that cryptocurrencies are not something that is embedded in them and that in fact they are just playing thimbles and instead of "fighting" (as far as it is possible to imagine) with fiat, they only stimulate it with their behavior - someone will be disappointed and calm down after realizing that all the words around cryptocurrencies are solid lies, and someone will stay and wait for a new "trip to the moon" to collect the last cream in life. The question here is rather worth putting in a different way - when will people understand that cryptocurrency is not a means of profit but a means of turnover?
39  Alternate cryptocurrencies / Altcoin Discussion / Re: what is bitcoin black? on: February 06, 2021, 03:44:00 PM
Just another attempt to raise money and scam people on the name of BTC and no more. black, pink, or all the colors of the rainbow at once - what difference does it make if it's still an attempt to parody the original BTC just for the sake of profit and additional (and then not the fact) advantages in karma? The more shitcoins with the prefix "bitcoin" on the market, the more understanding that nothing but the original Bitcoin is not worth using, from this section of coins and tokens.
40  Economy / Economics / Re: Nigerian Banks To Close Accounts Involved with Crypto on: February 06, 2021, 03:15:39 PM
Perhaps this is not a very correct opinion - but does it really matter what happens in Nigeria? I am sure that there are much more important problems of a different kind than the availability and legality of cryptocurrencies. Don't you care? Why are you interested in what is happening on another continent where the development is at the level of the 20th century but only with access to the Internet?
Did you not care when China started all those bans? How about in India? Did you not condemn those countries for spreading a negative image about bitcoin and other cryptocurrencies?

Are you saying this because you are belittling Nigeria? It is in my opinion that Africa needs cryptocurrencies and I'm sure I'm not the only one who sees that. Binance also see potential and the success of crypto adoption in Nigeria will spread throughout the continent. Do you know how big that can be?

You are comparing two countries with a combined population of 2.7 BILLION people with a country that is located in the most unfavorable region of the planet (in political and economic terms) in which 200 million people live, of which 1% knows in general what a cryptocurrency is in principle. Half of the population lives below the poverty line, and 70% works in agriculture. Do you understand that this is not even a country but a real "banana republic" that live in 19 century? I'm not belittling Nigeria I'm just saying that cryptocurrency is generally the last thing that can worry you if you live in Nigeria.

The spread of cryptocurrency in a place where the main problem is survival and what to eat tomorrow and how not to have another (fifth in a month) coup d'etat-this is really something on the level of "If they don't have bread, then let them eat cakes".
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