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2181  Bitcoin / Bitcoin Discussion / Re: Does the epidemic have a big impact on Bitcoin? on: July 16, 2021, 08:58:10 PM
In the earliest months since the pandemic, the cryptocurrency industry was shaken and it was evident when bitcoin all of a sudden dropped below $10,000 at the height of the COVID-19 panic. It would've never recovered, at least for me if not for the fact that important personalities and influencers pooled their efforts into pumping bitcoin, in which it even reached an all-time-high of $63,000. So yes, pandemics and worldwide events will definitely have an effect over bitcoin's price.
2182  Bitcoin / Bitcoin Discussion / Re: Cryptophobia, causes, effects and solution. on: July 15, 2021, 10:15:25 PM
By  definition, phobias are unexplained and irrational aversion or fear over something that is mundane and otherwise harmless. Cryptophobia, if proven to be a real form of phobia that people experience is not to be treated with conventional counseling and explainers. Someone diagnosed with this affliction will literally have to consult a psychiatrist to get professional help in getting over with his/her irrational fear. Otherwise all attempts at explaining will just prove futile.


This is my first time to officially hear such a term: cryptophobia and to some degree i have to agree to the description above. Now, there are some famous personalities who have the habit of criticizing Bitcoin whenever they can, maybe they can be classified under this term. as for me, I have that fear of opening my little portfolio whenever there is an ongoing dip like right now but would gladly to be checking always whenever there is a bull run...so can I say that to some extent I also have this "sickness" called cryptophobia?
AFAIK this is something that is new and is obviously a made-up term by us cryptocurrency enthusiasts to label a term that most critics of bitcoin and other cryptocurrencies are possibly exhibiting. So this may not really be a term or of course an illness that is recognized by any medical body. Still, it's better than to have nothing to relate people who inexplicably hate on bitcoin.
2183  Economy / Economics / Re: Can cryptocurrencies replace fiat currencies on: July 15, 2021, 09:27:46 PM
Eventually yes. As our society consistently shifts into a much more technologically-advanced ecosystem, we will eventually find no need for us to keep our fiat currencies which can contract diseases and are constantly depleting the precious resources it takes to make them. Cryptocurrencies are much more efficient, safer, and is much more  secure. Only thing that is really stopping cryptocurrencies from taking over right now is the fact that we still have close ties with fiat which will take time for us to forget and move on.
I don't think this will happen because basically crypto is volatile and it's very difficult to predict which direction it will move. so it is very difficult if cryto is used to replace fiat money.
other than that I think bitcoin is only an option because besides being decentralized bitcoin is also separate from the government and I think this is only an option and if it is used as a primary or as a payment that is applied globally this will not be good and remember we have been using fiat and money for a long time and very hard to replace it
Doesn't have to be the current cryptocurrencies we are fond of. Surely the great minds of our future will come up with a way to combat this volatility. Even now, stablecoins are a thing which shows promise of replacing fiat currencies in the future. Cryptocurrencies are versatile, and there will always be a loophole visionaries will be able to exploit in order to open new doors for cryptocurrencies to be utilized in novel avenues.
2184  Bitcoin / Bitcoin Discussion / Re: Identifying Satoshi Would Be a BAD Thing on: July 15, 2021, 08:39:47 PM
In a sense, you could be right. Especially if Satoshi is to confirm himself thru verifiable and indisputable evidence. Otherwise, it would just come out as another regular dime-a-dozen Satoshi Nakamoto impersonator. Which I believe will be the case 90% of the time someone will ever confess that they are Satoshi Nakamoto. Since it has already been established ever since the conception of bitcoin that Satoshi has no plans of ever revealing himself in the public. For multiple reasons we presume, but only he knows what it is really for.
2185  Bitcoin / Bitcoin Discussion / Re: German Faketoshi is now arrested for his fraud on: July 14, 2021, 09:44:32 PM
People everywhere claiming to be Satoshi Nakamoto. Truth is even if they are the real Satoshi, it's not gonna be worth much. Nothing of value is gained and is lost by them declaring that they are who they claim they are because in the first place Satoshi made it clear that he doesn't want anyone knowing who he is. And that in itself is what had stuck in our heads as cryptocurrency enthusiasts. So even if the real Satoshi did show up in the future, unless he gives an undisputable evidence of who he claims to be we'll just consider him as another one of these Faketoshis
2186  Economy / Economics / Re: What is better - cryptocurrency trading or investing? on: July 14, 2021, 08:51:46 PM
If possible, I would suggest that you learn to both trade and invest in good cryptocurrencies in the market. At the rate the market is going in you wouldn't be able to reap nice rewards if you were to just learn one of both, and just in case. It is always better to learn before doing it than learning to do it while you are doing it. The latter will have you commit mistakes that you otherwise wouldn't have if you at least took the time to study it.
Think of it this way, if you are day trading or even just trading from time to time in bitcoin or any other crypto, you are the one who decides the outcome of your investment, you are the one who is actively has an influence on whether to sell or buy at certain price thresholds, so you profit is kind of linked to how good of a trader you are, but with holding for a long term you really don't have that much of a choice but just to wait, so compared to trading you won't be making any significant profit.
Profit is still profit, and honestly speaking I would always choose a small gain over no gain at all. You are spot on regarding the amount of control you have in trading compared to investing, but then again control doesn't usually equate to saving yourself from a big loss or securing a spot for a big win. The insurmountable amount of control traders have over their cash have some of them pull their trades way too early, thus causing them to miss out on a much bigger profit venture, or have them pull out late, hence causing them to lose cash in the process.
2187  Bitcoin / Bitcoin Discussion / Re: Is cryptocurrency bad for the environment? on: July 14, 2021, 07:46:39 PM
Anything that involves the burning of fossil fuels and the pollution of the air is bad for the environment. And cryptocurrrencies aren't the prime offenders in this as far as I know. We have corporations to blame for not giving renewable resources a chance to shine because oil and non-renewable resources rake in much bigger stacks of money for them than the healthier and much more environmental-friendly variants. This is bound to change in the future however as more and more people are enticed to take in cheaper and renewable alternatives, which these companies will be forced to adopt or adapt into.
2188  Bitcoin / Bitcoin Discussion / Re: Steve Wozniak Calls Bitcoin a "Miracle," Says It's Better Than Gold on: July 13, 2021, 09:53:32 PM
As a form of new-age currency? Of course, bitcoin is a very beneficial and competent candidate. It's scarce enough that it cannot be manufactured or minted in conventional ways, plus there is a possibility of burning multiple unclaimed coins to amp up the value of bitcoin in the process. Add to this fact the technology that it brought along with it which is blockchain which is very versatile that itself or a future variation of it can be implemented in future forms of technology, comparable to the introduction of the industrial revolution in our society.
Isn't Steve Wozniak kinda delusional or simply talking BS?
One day we will manufacture gold in our factories?Really? Grin
I don't know if whether or not gold is less scarce than Bitcoin,but the main feature of Bitcoin is the blockchain.Scarcity is what gives market value of Bitcoin,but the blockchain is what gives security to BTC and makes Bitcoin a trusted payment network.I guess that the blockchain can be called a "mathematical miracle",but miracles don't happen in mathematics. Grin

Gold can pretty much be manufactured, the large hadron collider at CERN is able to create few atoms of gold within the system. Laughable, yes but not for long. In the future, there will be a form of technology that will allow gold to be manufactured in a factory, much like diamonds nowadays. Bitcoin on the other hand can only be coded and minted using the native system that gave birth to it. Anything else that claims to be bitcoin but is not made thru this method is easily passable as a fraud.
2189  Economy / Economics / Re: Cybersecurity workers shortage in USA on: July 13, 2021, 09:06:39 PM
Amidst the age of technology where security is more important than ever. Could possibly be caused by the pandemic but then again coding and programming are among the jobs and crafts that an expert can partake even in the absence of office space. Outsourcing is also a possible move. Seems to me that companies are just becoming more complacent and is downplaying the ability of hackers and scammers to destroy their company's image that of course will catch up to them in the future.
Same thing here in Australia.

I've seen LinkedIn ads here hiring for cybersecurity professionals and apparently people could get in with a Bachelor of Arts or a Bachelor of Media Communications. Makes absolutely no sense.

Is this even worthwhile if you are hiring unqualified people imo? Sure, on paper you may seem like an absolute gem of a firm for having 50 staff on hand for cybersecurity related matters, but when you realise that 45 of them had studied English literature and haven't the slightest clue what they're doing, it's a lot less impressive (especially when they're getting paid big time!).
This is a case of "They can be trained anyway, so an appropriate degree is optional" which is very laughable. If you'd hire someone capable and in line with the job offer employers wouldn't have to pay so much to train these people which I presume is already significant. Goes to show how competent people are not only needed in the government but of course in private sectors where we entrust most of our daily activities with.
2190  Bitcoin / Bitcoin Discussion / Re: I rather stay hungry than sell my Bitcoin on: July 13, 2021, 08:23:46 PM
I said this once and I will say it again, it's okay to hold and keep your investments intact because one way or another you will be able to reclaim these losses and maybe bag some earnings as well, especially when it comes to bitcoin. But it is not okay to put your health in the line, not only physically but every aspect of it just to secure your savings and have this sense of heightened confidence that amidst all odds you have kept your assets invested. Health can never be regained, earnings can and will always be at your reach. Think twice before you do this because this move will cause you detriments in the future.
2191  Bitcoin / Bitcoin Discussion / Re: People still don't know about Bitcoin on: July 12, 2021, 10:37:23 PM
We are by all means allowed to partake in ensuring that bitcoin's reach is expanded by the day. But we are in now way capable of expediting the process up to a global scale because as of the moment there will always be critics and haters of bitcoin and probably cryptocurrencies in general. So what we should do is basically, just carry on with informing people about what bitcoin is and enlightening those who are still not in the clear or are hating because they know too little about cryptocurrencies. Sooner or later we'll find ourselves already reaching the entire planet.
Man in my own country Indonesia, some people even store their money under the bedroom!

yeah, it's on villager place but the reason was so funny, because they don't trust the bank, they said something along this line " What if the bank got on accident like a fire spread over or the bank or robber rob the bank, what about our money? "

Yeah it's still more and more popular over here, but I can say, we are still early.
Their primitive thinking is justified by their primitive experiences, it is really important that these rural areas be informed about the advancements that have been made in the banking and monetary sector of things but then again, you can only teach an old dog few tricks. Just keep on informing and explaining how banking works now to these people and surely they should be able to at least grasp the basic concept of what you're talking about.
2192  Economy / Economics / Re: Risk of Inflation in Economy. on: July 12, 2021, 09:37:46 PM
Inflation is something that cannot be cured other than with good and competent governance. A lot of factors are in play when it comes to the purchasing power of your national currency that simply blaming it to the working class won't work. Proper allocation of funds plus ensuring that corruption is prevented usually solves the issue with inflation as in the case with countries where the government is doing its intended work. Otherwise we're really going to be the ones who will suffer at the end of the day.
Inflation certainly is a major issues right now that I believe the vast majority of people are not prepared for.  Where I work, we currently offer a fixed account with a rate of 2.53%, which is VERY good for todays standards ( the best fixed rate you can get at a bank is currently around .5%).  That being said, with inflation around 3%+ on average right now, technically you're losing money sitting in that account "earning" 2.53%.  Here is a great article I just read about the Fed Reserve and skyrocketing interest rates- https://www.cnbc.com/2021/06/16/fed-holds-rates-steady-but-raises-inflation-expectations-sharply-and-makes-no-mention-of-taper.html

"Though the Fed raised its headline inflation expectation to 3.4%, a full percentage point higher than the March projection, the post-meeting statement stood by its position that inflation pressures are “transitory.” The raised expectations come amid the biggest rise in consumer prices in about 13 years".
That's the thing, even when you do means that "experts" say could help you earn and save money, if your country's currency is highly inflating or is inflating you really have little to no choice. So it's either you risk losing your money anyway by not saving it in a bank or you apply for a new job, because no sane man would ever think of their respective country finally getting their stuff together through protests and movements.
2193  Bitcoin / Bitcoin Discussion / Re: Some words of encouragement during this market crash on: July 12, 2021, 08:31:40 PM
Market crash has been a staple event in the cryptocurrency industry, and this is not the first time or even the biggest or worst crash bitcoin has ever experienced in its decade-long run as the leading coin in the market. To say that this will be the end of bitcoin as a cryptocurrency is not only untrue, but also generic as a lot of people had already told bitcoin will die off in the past crashes we had, but still we have yet to have a crash that will really put the coin to rest. So just sit tight, and hold what you can weather.
2194  Bitcoin / Bitcoin Discussion / Re: Bitcoin’s time is now on: July 11, 2021, 06:29:34 PM
I can also conclude that the perfect time to invest in bitcoin is today due to that the market is currently in a dump stage or in a dip stage but still it is profitable to invest your money here, only if you know how the cryptocurrency works and how the market works. Every investment has an equal risk always remember that thing. Due to that bitcoin is the number one cryptocurrency around the world, you can already tell that it is Bitcoin's time by just knowing it is the top cryptocurrency among all the crypto's out there.
2195  Bitcoin / Bitcoin Discussion / Re: Do you worry about not being able to convert BTC to fiat in future on: July 11, 2021, 05:50:10 PM
Actually, I am not worried about not being able to convert my holding cryptocurrency such as bitcoin, litecoin, bnb and ethereum in the near future because I've already known that no matter what happens there are still exchangers who will be accepting cryptocurrency to be converted into Fiat and other local currency. How come that the cryptocurrency will not be able to convert into fiat if today it is accessible.
2196  Economy / Micro Earnings / Re: Games that still pay Bitcoin? on: July 10, 2021, 05:12:17 PM
There are still a lot of games that are still paying bitcoin because as far as what I am seeing there are still a lot of online and crypto casinos that are offering bitcoin for the payment method and also another cryptocurrency such as ethereum,litecoin, and bnb. Today that we are seeing the huge growth of bitcoin and the huge amount of it in the market still we are seeing games that are paying through bitcoin and another kind of cryptocurrency.
2197  Economy / Economics / Re: Will Bitcoin be infinite? on: July 10, 2021, 04:42:24 PM
Bitcoin will be infinite as time passes by and because of what we are seeing today that the market of bitcoin and cryptocurrency is continuously growing as time passes by. Seeing the market cap of bitcoin we can clearly say that it will be infinite in which it will really last forever. Many people are advertising and promoting bitcoin so because of that the marketing of bitcoin is growing huge.
2198  Economy / Economics / Re: Cryptocurrency is the biggest investment opportunity in the future on: July 10, 2021, 04:00:36 PM
Cryptocurrency was in the top trend of investing today and investing now will be saving your own future. It is a very good opportunity for us to early invest in cryptocurrency as we can see that this is the biggest investment in the year 2020s and seeing those people who are getting rich by just trading and playing some games that blockchain is involved. There's a lot of people who are quietly investing in cryptocurrency and having the potential to ride the roller coaster ride of the world's biggest investment opportunity of the year.
2199  Bitcoin / Bitcoin Discussion / Re: Bitcoin security in the long term on: July 10, 2021, 03:27:54 PM
When Bitcoin gets to a stage where the mined supply is basically 21m (that is, very little remaining btc left to be mined), will Bitcoin still remain a secure network?  
In my very own opinion bitcoin will be secured in the very long term because although the supply was very small, still the bitcoin will be more profitable due to the less supply the demand will come higher also that's why the bitcoin will be still good in the long term and when it terms to the security of the bitcoin, it will be still secured due to that many people are using cryptocurrency still bitcoin will remain decentralized and secured in the long run.
2200  Economy / Economics / Re: The first rule of investing is saving on: July 09, 2021, 02:47:07 PM
The first rule before you invest was to invest only the amount of money that you can afford to lose because in investing there is no instant money here because you are risking your money in a huge return so it is more likely gambling in which just gamble the amount of money that you can afford to lose. That's the first and golden rule in investing. Another thing is that investing is saving, that's right because when you are investing you are saving your future because it is for your own good also.
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