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Okay first of all we all should understand the fact that :
Vaccination is important!
That's the only way we are going to prevent this pandemic from spreading, I am aware of the fact that many people think that if most people did contact the virus 🦠 sooner or later the pandemic will be gone because of the heard immunity but let's look at the facts first :
Virus is mutating
The immunity is short lived
Now this further tells us the exact reason why we need a vaccination!! We would more or so need some booster doses for sure.
The country where am living the teachers are already been given the shots and still some of them did catch the virus. It's not a tool proof vaccination for sure but we have to look for the odds. Without vaccination the pandemic will take years to go. Plus 39$ is a nominal price , ofcourse it will change according to the country and the region you are living in... But it's worth spending for your safety. (The vaccination was made faster than anything and during the closed industrial period with excess efforts to make sure that antisepsis is done so I do believe that we have to invest what we can right now. )
Plus ofcourse if the strain has undergone mutations it would still be effective since basic chromosomal proteins would be same and effective change in the DNA sequence takes years even for viruses.
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So how come this fiat based debt based system have not Collapsed yet?
There is a lot debt all over the World wich means also a lot money!!
A lot money means value can go down.
The inflation was really high before the covid 19
Covid saved fiat currency value!
Less transactions means less economic actvity less economic activity means less inflation...
So the fiat currency is the biggest winner in this covid situation !!
Now... This just temporary once the economy is going to be re opened the inflation will hit again.
And there is nothing that can back up fiat.
Loans and debts cant back up becouse people are all ready in situation they cant pay back the debt never!
So..... What is the Solution? Stable currency cant be becouse its a same old fiat based currency
Bitcoin could be the solution to be honest
I dont see any better ways then Bitcoin it is...
Btc have the most techical capability for that.
Only obstacle is slow confirmations.
But yea... The fiat system looking really bad...
And covid saved fiat currency against inflation
Once they re open economy its bad for fiat currency value.
The ammount of money they been printing it means they must start extermly high taxes...
I guess they start to go after cryptocurrency traders and give high taxes...
But those high taxes is only Short time tools to save economy..
..... What's next?
See first of all we do have limited resources during the COVID which doesn't necessarily mean that we have less inflation which would actually mean that inflation is high since it's not just interrelated with the economic activity. Then the debt thing , every country have like a extra reservoir from which they can get the money out and distribute, for example: a country like USA. Now this gives them a little freedom to print and give people stimulus. Fiat is surviving even now because till now we haven't found a fully functional and safe lightning network , we haven't gotten much chances at countries like:- North Korea , these countries are never going to use Fiat , now this means that the interlocked relationship between all the countries which is by fiat would be destroyed .. first we need worldwide acceptance then we do need a lot of work towards a better and stronger easily accessible network. |
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Things like these I mean the posts like these are the ones that I cannot understand. I do think you should try and elaborate more and in a clear way.
I do think you know that Fed and Bitcoins are polar opposites, even though they are connected this connection is actually something that crypto can survive without. For example, the fed continued to print excessive money and at the end if value of USD decreased drastically, do you think we will still peg the value of cryptocurrencies like bitcoins against USD ? No , I do think we can very easily start using a more stable currency like Euro for example. The current situation in the USA is deplorable since people have no idea what's to come, this will soon make the value of USD nil.
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See the thing is : you cannot really expect every industry to follow the same set of rules and at the same time I don't really believe in handing over the business to a third party since this really causes long term problems , if you have one to one contact with the people you can really reach out and adjust. I do believe that a business model should be more or so flexible. I do believe that right now we need to stop engaging the middle man and start training the workers and people to do more stuff on their own. This will be better for them and they can gain more profits too. I think you will be better off thinking about a site that brings the workers and employees together.
You have to make sure to employee number of people since someone will be handling orders , someone will be handling calls and consumer reports and such therefore it's not going to be simple but it will take a lot of time and preparations.
What will set you apart is actually how you take this concept further so that people can have a place where they feel confident that they will for sure have profitable business. Most of these companies are exploiting minimum wage people you have to actually make sure it's profitable for everyone.
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So a good news for all the players from Cambodia , the government is now enacting new laws to make the games more fair for the people. The tax on gaming will be 4% and 7% will be on recreational gaming , which is much less than other countries. https://www.gamblingnews.com/news/cambodia-introduces-and-enacts-new-gambling-law/ The gambling committee will further look into that matter and at the same time this would mean that players will get a better and fair play which would inturn 11 government ministers who will actually form this law. They will have a specific favoured zone in which gambling will be permitted. Now these conditions won't just be fair for the government but it would be fair for both the people and the companies involved. This is a much needed step which every country needs to take soon. A new watchdog known as the Integrated Resort Management and Commercial Gambling Committee will be in charge of enforcing the new regulation.
The watchdog will include 11 government ministers to be shortlisted and approved soon. Cambodia will now designate special pre-approved zones where gambling operations can take place as well as assign prohibited areas of operation.
The country will also assign a special “favored zone” status, which means that the government may permit gambling operations there in future.
Cambodia’s new regulatory framework is a first attempt by the country to enforce laws that allow authorities to regulate gambling with fairness and seek fairer gaming conditions for everyone. What are your thoughts on this ? Should such actions be taken by other countries too ? What's stopping them though? |
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Hi Right now on Duelbits there is a lot of promotions going on and I would list some of them : There is this 25000$ give away You get free spins through promo codes You can also deposit minimum 50$ and be eligible for giveaways They have many give aways on the form too https://bitcointalk.org/index.php?topic=5295200.0, you need to check this out too. Like on October 20 we had something like this : https://bitcointalk.org/index.php?topic=5283261.0 You just have to be alert and keep following them and there are many other casinos which are giving amazing offers during the holiday season. Best of luck 🐱😸 |
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That's unfortunate that remote working is only working out for people who are actually:
1. Important for the company
2. Thorough with the computers
3. Have access to internet and basic devices
Now this only something that's good for 10% of the population in my country, most people are jobless and how waiting for jobs to start normally. Now this pandemic might teach them to learn a thing or two about on-line work but it's sure to have long term drastic effects.
I myself don't believe that online work is doing any good. The students are suffering the most without practicals. One cannot just go and learn medicine online , nor learn to do a operation using videos. We need it to end. Certain things are better offline.
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The thing is , if we have more stable investors over the years the Volatility will fall , since there will be a backup this this chart clearly shows that over the years , bitcoins as a whole have essentially succeeded in gaining more stable holders and investors which does mean that it's more trustable, more stable , more efficient, would even attract some of the conservative investors.
I have even seen news calling bitcoins the *crypto gold*, the *digital gold* things like these are more essentially important now since with a less Volatile currency one can have many more positive points like:
1. It will be more acceptable by the government
2. It would create a stable investment atmosphere
3. Can be considered for a long term investment like : retirement funds etc
That is a good news 😸
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Hi
I do think you realize that there is another way. That is essentially to make the country stronger from the inside. Now how would that go ??
- create jobs
- maintain 0% interest rates
- give a little bit help when it comes to college loans
- funding hospital care, essential workers rightly instead of police
- start the production for every sector
- lean in on more production and less import
- fund for education more
- make more testing equipments
- give people masks, gloves and stuff like this for free...
I do believe that instead of printing more money and giving people free stimulus, they need to look more in the problem for real.
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Well according to the government, they are doing this to :
" Actually help the people, the people can take loans during this pandemic then help their families and stuff "
Actually, it's the government who is controlling the banks , most of them and most of the other private banks are interrelated with the governmental banks. You should understand that this would make the money flow in the society. People are being given many aids by the government but sometimes it's not just enough. It's like people have this other option.
Now if there is a small business which is looking for a loan and they will be able to get their business started even during the pandemic when the situation is very bad so this way the whole country will be benefited and this would inturn help the GDP to grow and help the government too. The government and the country is nothing without the business and other firms achieving a stable space.
This is really really helpful for the people. This is something they are doing for them.
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Hello
I do think these statements are what you might wish for but things like this would never happen since in the US , yes biden might be more open towards cryptocurrencies like Bitcoins BUT, I do think the balance between cryptocurrencies and fiat works because they have their own seperate jobs but still interconnected, so when you say how ETH and USD will work on the same platform and such, this would mean their interrelationship might make the USD more fragile. We do need a stable fiat to peg our cryptocurrencies against till the time when everyone in the world is using them.
Right now there will just be more liberal laws for bitcoins and other cryptocurrencies and the will be used more freely around the US. Biden is for sure seen a positive person regarding cryptocurrencies but I don't think he did make a personal statement regarding them , which stated his plans and which we could mark and discuss on.
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In a recent Twitter post on 5th December, MicroStrategy announced a purchase of additional 2,574 Bitcoin worth $50 million. Michael Saylor, Founder and CEO of MicroStrategy, confirmed the purchase. With Bitcoin surpassing its ATH previously, this news does not come as a surprise. MicroStrategy is a business intelligence firm based out of the United States. It has continuously shown a bullish attitude towards the crypto king, Bitcoin. For more detail article link is given below :- https://bitcoinworld.co.in/microstrategy-strengthens-its-bitcoin-game-invests-addition-50m-in-btc/The reason is very clear : They did this because the price is climbing so by doing this they can not only make a lot of profit but at the same time they can manipulate the market , the people who follow them would take this as a fact that the price of bitcoins is going to rise because 50 M is a lot. Now they will buy more and thus the chain continues.But the good thing is they made this announcement publicly, instead of just doing it in the darkness like any other company. Now the bad thing is , if they do have a lot of bitcoins they can very easily influence the market price which could be problematic for us in the long run. I saw the article but instead of 50, they are planning on 400M raise!!! https://cointelegraph.com/news/microstrategy-will-issue-400-million-in-securities-to-buy-more-bitcoin They are going to actually issue 400 M in security and then buy more bitcoins with it... |
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Round 9 Payments have been sent out!
Thank you all for yet another great week, keep it up! No new positions have opened up.
Unless you've missed it, make sure to check out both the $250,000 giveaway duelbits are holding on their site + the $7,000 giveaway they are doing exclusively for forum  Thank you for the suggestion would keep in mind to spread out the posts , plus thank you duelbits and manager for amazing 9 weeks and counting. Plus I am really looking forward to participate in the drawing competition hosted by duelbits too !! Thank you for the opportunity. 🌻 |
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Hi Guys,
Has anyone come across good reliable investment broker for Bitcoin? This seems to be method of highest returns but very risky at same time. However the risk could be reduced with reliable broker. So any feedback??
thanks
Hello I do think that no matter how reliable a person is , when it comes to bitcoins and other cryptocurrencies it takes a second to loose all your coins. Not your keys, not your coins man ! Just see the price right now , it's climbing, just encash after a while and buy when the price goes low. You have to invest time there yourself. The whole idea behind these decentralized exchanges is ****to make sure people take their own financial decisions****, it's really risky and I don't think you should do that , you can lend your coins but then again I won't recommend it. There are some wallets giving people some interest and such , search it out and see if you like it but I would suggest you to *" NEVER give your bitcoins to someone"* even though it's a trusted booker. You can take some free crash courses on the internet also about the trading. At the same time there are trading platforms giving advices and such for free. Just be thorough with the news and give it time to mature. |
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Bitcoin in India is taxed under long term capital gains. Which actually taxes it around 30% gains if the source is to be followed. One have to remember that it's something that is not made by the government, nor does the government do anything to make it more beneficial, more profitable , to make it better, therefore asking taxes for Bitcoins is in a way : ridiculous BUT then again they are asking for 30%!!!!! This is in no way fair.
Let me put out a statement:
The government of India have not yet made cryptocurrencies like bitcoins legal , the banks are deliberately blocking the accounts of people engaged in cryptocurrencies , after every 2-3 months the government releases statement like : How you can be imprisoned for 10 years if you use bitcoins, how the government is trying to launch digital rupee that they think is a worthy competition for bitcoins !(lol) BUT NO ! YOU GOTTA PAY TAXES , that too 30% of your gains.
Just tell me how superficial, how horrible this is... They just need money 💰 and about the Corruption we all know a lot already.
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According to Ron Paul , the government might be collecting information about people and what are they doing with their money in bitcoins and where the taxes are headed to therefore he said it's better to be 'viligant' of the government. - I do believe the time when KYC and documentation was made essential for any existing wallets or any bitcoin related site , this was something that we already did predict. The libertarian stated how the most important thing is to make * bitcoins legal * he apparently drafted a bill regarding that too and what's even more important is ** to make sure it stays legal **.  “As of now it looks like a lot of people believe in the marketplace and believe it can work,” Paul said about crypto advocates who support free markets. “My advice is to be vigilant. There’s information collected, the [crypto] exchanges are not totally anonymous and I read the stories about the IRS checking up on things. For somebody like myself, I don’t even believe in the IRS let alone being flexible enough [to say] ‘well as long as they are investigating me even if I follow the rules,’ well… In 1932 in the depth of the depression, people were allowed to own gold, and we were on the gold standard,” Paul declared. He continued saying how the government made it illegal to hold gold up until 1975. The guy believed that it's very important that people are allowed to make their own financial decisions and they can very well do that using cryptocurrencies like: Bitcoins. https://news.bitcoin.com/ron-paul-advises-bitcoin-proponents-to-be-vigilant-of-government-theres-information-collected/ Let's share our thoughts on this matter. Is there something new that we don't know but they guy does ? Is the government thinking about making it illegal ? Are they using cryptocurrencies to track people?? A lot of questions about this !? What matters is : we stay up to date regarding all the news , articles so we can plan anything well in advance, who knows when they decide to ban owning bitcoins ?! |
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Hello
I don't think there is any proof that this might happen , it might just be perceived by our brain in a weird way, what I do Believe is that most of the bets we are playing are fair therefore there is equal chances of us loosing and winning but if we do loose , we perceive this in a negative way. The more you are into the game the more your chances of winning reduces , for example :
If you are playing a game which have two options , just two so the probability of you winning is : 1/2 , but if you are playing a connected one and you started another round it will become 1/4, If you went till the third round it will be 1/8, now this will go on and on and therefore this will actually be like this for a x number of outcomes and thus I do believe that it's not a problem of the company perse , it's just that out chances of winning consecutively decreases with every step. Just try out permutations and combinations and look for yourself. This is a myth and a game that your mind plays with you.
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I don't know if I could call more gambling "benefiting" more countries since gambling is pretty toxic  But yes, it could definitely open up for more gambling. Well I do believe that it actu I depends on the people who are getting involved with it there is something called ** gambling responsibly** which can not only be a leisure sports but can also help in the long run , the taxes from the gambling industry runs in millions and mostly governmental bodies are getting benefited during the COVID now. It's more of a trick to attract foreign travelers into the gambling industry within Japan. It wouldn't benefit the gambling industry in general apart from some additional footfall from the foreign nationals. Also considering that Japan has already legalized bitcoin, it might also benefit cryptocurrency a little. But I personally don't think it ia a major reform!
But yes, let's wait for the full announcement and I hope someone will be kind enought to provide us with a little summary of the announcement in English!
Well first of all since bitcoin is legal and they have now made gambling more lenient and are not asking for taxes from foreigners I do believe that this would mean crypto gambling will flourish in japan , which inturn could mean that other nations in good terms with japan can try and make sure they make such reforms too if in the future the government sees good effects from this decision. Plus most news can be translated from Japanese to English in your mobiles only so that will work. |
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Investing in Bitcoins, Gold or Real estate would need initial funds and investments therefore this would not work for a normal person. This would only work for the upper middle class and higher. I do believe that for everything alike one have to understand that, they have to make sure to get :
1. Stable job 2. Get a good education 3. Secure bitcoins and other cryptocurrencies according to themselves, how much they can afford.
But investing is bitcoins should not be the only thing you are doing to stay away from crisis, real estate business is always a good to go. In many countries like Ukraine, there as small town and cities with incredibly low prices of the house and the appartment. But in 2 years I have seen them getting doubled. Now if someone have to invest they can invest strategically. Both in bitcoins and real estate.
- Bitcoins is wonderful but don't rely on just bitcoins since the highs and downs are not something out of the galaxy , you would need a lot of time and patience to encash and therefore you should always have emergency investment in form or gold,. Fiat or something like that too.
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Hello
The sole reason they are asking you for your documents is actually because of safety. It's the same reason why banks and other public services do need verified documents because if incase something happens they would not know who to blame and who to protect. It is better that you get your cards from a trusted company. If the company allowed cards based on anonymous demands people can just make duplicate ones , the company might have a lot of problems on their side too. No wonder we have to use these things right now. So just go for it. In our country the accounts linked with the wallets had to provide their documents and address proof. I was using it since years , but I believe in the wallet company therefore I am still using it. Even when the bitcoins were banned everyone was well informed to take their funds out and such. So it depends on you. But I don't think you can find a good site which is trustable and doesn't need documentation.
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