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2361  Bitcoin / Bitcoin Discussion / Re: "Is the bubble about to burst?" on: November 27, 2021, 09:39:21 AM
However, I'm pointing out that these few people, who are holding most of Bitcoin, can definitely play a vital role in the market.
They can but they don't.
Most early adopters aren't participating in the market, they own bitcoin either through mining or having bought it and are either holding it or using it (getting paid or paying others) as a currency. That doesn't affect the market in any ways.

Your observation about the article is correct though. The view of the author is a naive one that I believe mainly comes from looking at useless tokens and altcoins that are created to only be pumped and dumped. If you look at other posts by the author they are always talking about doomsday of financial markets with similar naive interpretations. The author also seems to have a great love for possible central bank issued shitcoin which tells you a lot about their views.
Just had a look around to confirm what you said, most of their articles are focused on endless economic bubbles that are all about to burst or talking about the cryptocurrency bubble we've been hearing for quite a few years now. I don't believe that any kind of "Financial reset" is going to happen, regarding cryptos, I get that there can be periods where the market is bearish for quite a few months (or even a few years, back in 2017), and it's actually normal to be honest.
2362  Bitcoin / Bitcoin Discussion / Re: "Is the bubble about to burst?" on: November 27, 2021, 07:54:18 AM
While I get that most of Bitcoin is being held by a small percentage of addresses, I'm trying to understand what exactly the point is. Is the article indirectly implying that BTC and crypto in general also being manipulated to a great degree, creating a hype bubble which will eventually burst? You, as someone who looks like he's experienced with such incidents, what do you believe? Are we in a manipulated bubble about to burst? Or did I get it all wrong?

So what? Its always like that and you will never change it. Some people work 10h daily, are smart, brave, others live from social benefits. Some are focused on their hobbies, other or addictions (drugs, alcohol, pornography), others on earning and multiplying capital. One person buy new iPhone as soon as he manage to save 1000$ other use this money to start business or invest in others business. People are different so their wealth must be different.

 Its not about who have how many bitcoins. Bitcoin was not created in a way that everyone have 0.01 BTC and force people not to have more or less. Its impossible and in fact it blocks its main purpose (transfer of value).
Once again. Bitcoin was not made to make everyone wealth equal. It was made (one of its purpose) to make everyone chances equal. To transfer value without restrictions, to obtain asset that is not printed out of thin air by single centralized identity. Asset that its purchasing power did not decrease 95% in last 100 years (only because of printing and no max supply). Asset that cannot be seized by anyone.

Focus on your wealth and how you can multiply it instead of looking at others wallets.
I certainly agree, I never implied that Bitcoin was created in order to evenly distribute wealth. However, I'm pointing out that these few people, who are holding most of Bitcoin, can definitely play a vital role in the market. We all had our fair chances of obtaining Bitcoin, and most of us didn't, there's no one to blame for that. Bitcoin (and cryptocurrencies in general) provide us with capabilities that fiat currency cannot. 
2363  Bitcoin / Bitcoin Discussion / Re: "Is the bubble about to burst?" on: November 26, 2021, 10:43:08 PM
"Is the bubble about to burst?" - This has been a common narrative used by crypto haters ever since Bitcoin reach its first peak and MT Gox drawdown. Unfortunately, it seems this same narrative is spreading like a disease that is trying to shake the crypto foundations by turning crypto supporters against each other.

Isn't it true? After "MT Gox drawdown" btc dumped 80%. After 2017 bubble BTC dumped 80%. Same will be now, no matter if it will be 2021 and dump from 69k to 15k or in 2022 from 250k to 50k. Is it wrong to say that bubble burst 3 times in crypto history? During 2019-2020 there were open telephone support lines for people who want to commit suicide because they have lost their life savings... I know it looks easy to hodl from the top of the bubble perspective. Its not that easy after 3 years in bear market and 80-99% dump (depends if btc or alts).

Nasdaq during dot.com bubble also dumped 80%. And it was a bubble... no one question that. But after that tech survived and nasdaq is now +2000% from bottom. Same in crypto. The difference is that crypto is so dynamic that new tech or new paradigms show up much faster. So after third bubble we will most likely see fourth.

If Bitcoin and cryptocurrencies are considered bad for fiat financial stability, then why are there so many geniuses who can't solve the economic system that requires only rich people to stand on top of the Pyramids?

Even if you will distribute all global weath equally I bet that in about 1 year 90% of people will have a worse standard of living than before the distribution of wealth from the rich and 10% will be driving lambos. Mostly because people do not know how to save money, they have no idea about the economy, about investing, about simple math.
While I get that most of Bitcoin is being held by a small percentage of addresses, I'm trying to understand what exactly the point is. Is the article indirectly implying that BTC and crypto in general also being manipulated to a great degree, creating a hype bubble which will eventually burst? You, as someone who looks like he's experienced with such incidents, what do you believe? Are we in a manipulated bubble about to burst? Or did I get it all wrong?
We will hear these kind of things when crypto or specifically Bitcoin isn't performing best in the market, and, it never gets old to be perfectly honest. Well, anyone can criticize but Bitcoin is too huge to ignore and I don't think the bubble gonna burst, we heard it years ago.
While I get your point of view, I was seeing it in real time when Bitcoin crashed in 2017, from what I've understood, the article is implying that it's not impossible for such an incident to occur again.
2364  Economy / Economics / Re: People tend not to move on: November 26, 2021, 09:26:16 PM
Change isn't necessarily positive, and that's where most people (including myself) chicken out. For instance, leaving my current job, in which I've been working for the past two years, looks like a huge leap to me. I know, that I'm going to get paid each month, with an above average salary, how to manage the job and what to expect from it. However, I'm positive that I've missed a handful of opportunities by staying  stagnant.

It's basically being scared to lose what you already have, moving out of your comfort zone is a copious procedure, not many take such risks.
I was fearing the same thing, I wasn't promoted to higher level in my job for 2.5 years, most anyone has ever worked in that position at my last job was 8 months, I stayed there for 2.5 years, I broke the record and then near quadrupled it, so I was a great employee and they didn't allow me to switch departments in the same place neither stating I am crucial for the work.

However they didn't give me any chief position, didn't promoted to higher level and so forth. Basically, it is not going to be anything good for me there as long as I stayed, so I quit and ever since then I have been a lot better. But I had friends like that who ended up a lot worse, like for example my wife was a teacher and she always wanted to be a teacher while growing up but after she became a teacher during her 4th year she decided she doesn't want to be a teacher anymore and hated her job, cried while going to work she hated THAT much.

So, she quit and ever since then she has been looking for some work that she could do and failed to do so for 3+ years now. So, I would say it is really not all the same and I get the idea of how quitting your job could be scary but if we don't do it then we can't grow and never have a "chance" to fill out the maximum our life could provide us.
I'm stuck in a job I do not like, while I have recently graduated from university, however, the money is quite decent and at the same time, it's a pretty stable job, one day off per week and two paid leaves per month. I've known the manager for two years now, he isn't the worst, but I've learned how to handle him and usually, my requirements (regarding work schedule) are met.

Despite not liking the job, I still haven't abandoned it. I've graduated, and I'm still there, I haven't even looked to find somewhere else, until a few weeks earlier. I'm basically stuck in a loop just because I'm too stagnant to get out of my comfort zone and try something else, mainly because I'm afraid that this something else, could be worse than my current situation.
2365  Other / Politics & Society / Re: Your purpose in life. on: November 26, 2021, 10:15:36 AM
As Franky said, at least for me too, the most vital of all, is to find what truly fulfills you, otherwise, you're likely to live a regretful life, no matter how much money you might earn. Studies have also shown, that from a certain amount of money and upwards, it doesn't affect your happiness. On the other hand, I don't truly believe that there's such a thing as "finding purpose". Our purpose should focus towards finding what truly interests us, something which not all of us have gone through yet (I haven't), if that's about being an entrepreneur, an investor or a first responder, it doesn't matter, as long as it's fulfilling for us.
2366  Economy / Economics / Re: People tend not to move on: November 26, 2021, 09:16:02 AM
This is a sad reality for most of the people. Once they are comfortable with their current status, they will no longer find another option that will make them even more at ease. Instead, they stick to what they believed. But for the newborn millenials, they love to take risks so whatever opportunities they will encounter, they will surely grab for it. And it's a good thing that they are risk takers so they will really find the things that they are looking for and make them satisfied. In fact, this type of individuals are more on achievers but its also undeniable that they are also prone for more losses since they are more aggressive to create profits compared to those adult stages.

Without proper control, this aggressiveness mostly leads them to lose their money. But the good thing is they are not willing to give up right away. They will keep on trying to attain success. It's a good factor being millennia as they are not stuck with what they are currently using, but they are more on exploring potentials. Roll Eyes

It can be enhance thru time, if the momentum in learning how to invest or how to find other option to have a better life will be in their mindset, the chance of enjoying what is best for their future family will be secure financially.
Basically, humans are never satisfied. but sometimes we see many people who are satisfied with the comfort of the moment. in the sense that they do not want to grow bigger, tend to be grateful for what is already there. but it is different with the young soul who is always curious and wants to try something new, so like today there are many billionaires from young people.
Change isn't necessarily positive, and that's where most people (including myself) chicken out. For instance, leaving my current job, in which I've been working for the past two years, looks like a huge leap to me. I know, that I'm going to get paid each month, with an above average salary, how to manage the job and what to expect from it. However, I'm positive that I've missed a handful of opportunities by staying  stagnant.

It's basically being scared to lose what you already have, moving out of your comfort zone is a copious procedure, not many take such risks.
2367  Economy / Economics / Re: The Difference Between Staking and Investing on: November 25, 2021, 08:09:12 PM
The difference is that staking is more secure and profitable than investing on a particular project you don't know how good it is and how quick you can start earning money from it. Staking in other ways, it help careful to watch the price of the market to know when to sell your coins and make suitable income and when to hold not to regret in future.
Investing is the act of preparing for tomorrow or future to be part of those that will experience positive impact at the end of their investment.
Many customers prefer staking than investing because staking will help you to know if the market is good for anyone to sell for profit making. Those investors that stake during the pandemic really make a lot of income when the price of the market change positively.
Staking is profitable if the currency has genuine potential; nevertheless, staking a coin that isn't really a utility coin is a waste of time because you're investing and staking for nothing. Staking is far better than investing since you will gain a lot of money while the coin is surging. Staking is when you really believe the coin and want to make money. Investing is simply holding or it depends on what gain you actually want.
It depends on what you're staking. I used to stake algorithmic stablecoins (Bolt Dollar and Monster Slayer were the ones I used), and managed to earn a pretty decent amount in a sort period of time. They crashed shortly after I withdrew my funds, though. There are quite a few Stable LP contracts now, that are considerably safe to stake, depending on the platform of course, however, the daily yield is usually on the low side. Consider it a long-term bank deposit, with a higher interest and a daily compound.

I'm typically on the safe side and mostly stake on Stable LPs, I don't have much time to do my own research on some random new coin being staked, nor am I willing to take such risks.
2368  Economy / Economics / Re: People tend not to move on: November 25, 2021, 06:41:07 PM
...
Reading this, I could not help but think that people also "don't move" in monetary terms. They are born in a certain region and they do not think that their money might very well better in some other form (e.g. bitcoin).

It's some kind of security, false security... the problem many of us face! We have enough for basics and something extra maybe and that gives us enough comfort, risking that for something more can lead to losing what we have now! So we stay where we are... at least most of us who found some peace! But some people are forced to move for all sorts of reasons, and I believe that stats will show that people who are forced can lose a lot more by staying than by moving, so for them moving is the only positive option!

I am thinking about moving sometimes, but it's OK for me where I am now... yes, it could be better, but it's OK now. I guess every place has positive and negative things, at least I learned how to deal with negativities here and stay positive... learning that on some other place sounds like a big hussle! But in a case that something (someone) forces me I will make that decision!
We all have our personal reasons why we chose not to move from where we are right now. It's either we are already contented of what we have right now, or we are just afraid that we will only fail and definitely lose if we tend to move into other sorts of things.

For me, as long as there are enough good reasons to move then I will finally do it. But for now, I'm still doing great of where i am right now so possibly I will stay here as much as I want.
The same goes for me, however, I'm not sure what these good reasons would be to make me move. As a person generally struggling to make decisions, it's easy to settle in a location, job, marriage and so on, just because you're used to it. It's hard to get outside your comfort level. Personally, I often whine about my current occupation, but haven't bothered to apply anywhere else, just because the unknown scares us.

This is one of the reasons I started talking to a psychologist, I'm overly stagnant and rarely make any choices that would upset/change the lifestyle/routine I'm used to.
2369  Economy / Economics / Re: Credit cards | A scam or a tool? on: November 24, 2021, 09:16:57 PM
Undoubtedly, they are convenient when purchasing something of value, an expensive TV or bicycle for example, in cases where paying in advance is out of the question
That sounds like the wrong reason to use it in most cases! Unless it's interest-free, you're almost always better off just waiting and saving up to make the purchase.
I only proceed to use installments when an interest free option is offered. I'm not willing to pay 10-15% surcharge just to get installments. Likewise, I'll rather wait and pay in advance. I've never used it to buy something I couldn't afford, and wasn't offered with interest-free payments. It's just not worth it.
Buy only on what you can afford and able to pay and this should be your main priority or need to follow when it comes to financial handling because you couldnt really able to resist on spending
if you do know that you have something in your pocket or wallet that could possibly able to buy things on point on using your card and we know that interest is really that high whenever you
do past due into your payment thats why if you dont like to put yourself into trouble on paying up huge fees then better to be considerable in every actions you would make.
You will end up feeding the CC company when you failed to pay those overdue, it's really important to control yourself each time you use your CC, always check and balance if you really need the items that you'll going to purchase, most of the time, it's best to use your CC in every emergency, things like you've got short in balance but you have some expected funds to fill it up.

If you miss-manage your CC, expect that there many consequences that you will going to face, Roll Eyes Tongue

It's you who can determine whether it's a tool or a scam that will suck your finances. Grin

Haven't missed a single payment so far, so I guess I'm managing my credit card correctly. It requires discipline and great management skills, but if you're careful enough, in some cases, the benefits are totally worth it. Especially in the USA, I've read about enormous cashback, or flight benefits (Free flights, seat upgrades and so on), which we do not have here.

It's a great tool if used correctly, however, most people fail when using them, and that's what banks are aiming for.
2370  Economy / Gambling discussion / Re: You won today, but then you will lose often on: November 23, 2021, 06:33:03 PM
Gambling is not a killer, but human greed is the real killer.  If you are able to control the desire to keep winning and use your logic that it is impossible to keep winning while gambling, you will surely stop when you have won and will continue playing tomorrow.

Absolutely correct, the only killer is ourselves when it comes to gambling or maybe in most other activities. Gambling is killer is a saying from those who cant accept the worst result of gambling, those who think that gambling will give them easy money, etc.
There are quite a few instances that prove that gambling may offer you the opportunity of easy money, however, that's not always the case, since the majority of people actually end up losing money in the long-term. I refrain from gambling large amounts, and mostly stick to games such as Crash, Dice or in the worst case scenario, Roulette.
2371  Economy / Economics / Re: Credit cards | A scam or a tool? on: November 23, 2021, 04:07:59 PM
Undoubtedly, they are convenient when purchasing something of value, an expensive TV or bicycle for example, in cases where paying in advance is out of the question
That sounds like the wrong reason to use it in most cases! Unless it's interest-free, you're almost always better off just waiting and saving up to make the purchase.
I only proceed to use installments when an interest free option is offered. I'm not willing to pay 10-15% surcharge just to get installments. Likewise, I'll rather wait and pay in advance. I've never used it to buy something I couldn't afford, and wasn't offered with interest-free payments. It's just not worth it.
2372  Economy / Economics / Re: Are you making money online? on: November 21, 2021, 09:18:44 PM
Of course, I make it online to increase my income, after the pandemic I have a lot of time at home and I use it for online earning, I do crypto trading, bounties and so on. In the past, when I was in college, I was often earning online by blogging and inserting Google Adsense, I was earning up to $700, after many blogs were deleted, I stopped and chose crypto.
Adsense used to be quite popular in the past, however, the blogspot trend has died now, I haven't seen any nowadays. I still see a couple of websites operating Adsense, I'm curious if it's still profitable, especially with most users now using Adblockers.

After YouTube, or vlogging instead of blogging, readers mostly spend their time watching videos instead of reading information with the wide coverage of those shared videos online,

most of those bloggers see that the venue is no longer bringing them good amount of money, aside from those who really love to write.

Adjustments are being done, earning online has a huge amount of ways. We, inside this venue of business, we see crypto trading / investing.
can really give use good returned, by focusing on what you think you understand best, will give you the chance to earn decently.
That's certainly true, people are being driven away from reading articles and blogs, a quick look at the recently developed apps can prove that (Vine, TikTok, Instagram).

However, the revenue streams have also changed throughout the years, YouTubers used to heavily rely on advertising through Google or other partnerships, while nowadays, many rely on receiving sponsorships or advertising companies through their videos.
2373  Economy / Economics / Re: People tend not to move on: November 21, 2021, 07:18:24 PM
Emotional attachment is certainly one thing, however, I'd also like to add the psychological factor. I've seen it in myself too, I'm struggling to make decisions that will affect my life (such as workplace, moving out, finding new opportunities), anything that has to do with breaking a habit is tough, and location is definitely one of those.

On the other hand, we could also consider material assets, such as housing, which passes from the family to children. My family also owns a house which is going to be passed to me, having your own roof is certainly contributing to not moving out of your comfort zone.
2374  Economy / Economics / Re: The Difference Between Staking and Investing on: November 21, 2021, 05:29:05 PM
I don't get how you differentiate staking from investing. From my point of view, staking is a form of investment, similarly to stocks, real estate and so on. I've been staking for the past few months, I'm putting capital at risk by staking my coins, on platforms or contracts that may be hacked or conduct a rug pull in the near future, while the rewards vary depending on how risky the smart contract is (Impermanent loss, scam coins etc.). It is a form of investing, however, we might perceive the definition of investment differently.
2375  Economy / Economics / Re: Credit cards | A scam or a tool? on: November 21, 2021, 03:56:39 PM
...//,,,
The trick on credit cards is to use them wisely, not spending more than you can afford, always pay in time, otherwise you'll get a huge interest on your balance, while at the same time, you're building a credit score.


Not really.

The good use of credit cards makes the credit limit increase the higher your payment capacity is, that is normal, it is how it should be seen, not because of the ability to borrow.

Your purchasing power does not have to be distorted by using a credit card, this are an immediate solution to a payment that due to "x" or "y" circumstances requires the use of the Credit cards or extra money that they do not have today but you must have the total payments at the end of the month, that is the key, it is a financial tool to support your ability to pay immediate.

So if you do not have how to pay the total debt in a minimum term, avoid using them, the amortization of capital is a way to reduce debt but in this type of credit it is the key for banks to subdivide the debt into payments tentatively accessible.
Well, you are right, it's a little of both. I meant that buying something extremely out of your price range and then paying it off in 50-60-70 installments isn't a wise thing to do.
The trick on credit cards is to use them wisely, not spending more than you can afford, always pay in time, otherwise you'll get a huge interest on your balance, while at the same time, you're building a credit score.

What's your take on this? Are you against credit card usage?

Credits cards were issued in order to purchase something that you cannot pay in one transaction and divide it into multiple transactions that has to be paid monthly or annually. Credit cards are not the problem- people are. The fact that most people purchase a product mean that they must comply with its terms. If they cannot pay it due to insufficiency of their funds, then it would definitely affect their credit score.

Most credit cards company do a background/job check before they issue their cards. Again, the problem is not the credit card itself but the people who purchase products who knowingly knows they cannot afford to pay it.
Undoubtedly, they are convenient when purchasing something of value, an expensive TV or bicycle for example, in cases where paying in advance is out of the question. I'm not implying that it's the credit cards are the issue, in most cases they are not handled properly, and that's what banks are taking advantage of.
2376  Economy / Economics / Re: Fuel prices hitting an eight year high on: November 21, 2021, 12:40:35 PM
What's the average cost of petrol/diesel in your country? Share your thoughts on what exactly is causing this crisis, which is also spiking electricity costs up, increasing the budget for the average household.
Indeed, at the end of 2021, fuel tends to increase by a few percent, which is triggered by many factors causing the increase in fuel prices.

In 2020 and in 2021 even though the price of fuel increases by a few percent, but it doesn't have a bad impact on the needs in my country, such as the 2020 Pertamax Turbo €0.6 per liter in 2021 to €0.8 per liter, that's for example.

Actually there are some active fuels in my country, of course there will be changes in 2021 for the fuels in my country.
As an example:
1. Diesel: €0.4/liter.
2. Non-Subsidized diesel: €0.69/liter.
3. Pertamax Turbo: €0.8/liter.
4. Pertamax: €0.56/liter.
5. Pertalite: €0.47/liter.
6. Pertamina Dex: €0.69/liter

For now the price of fuel in my country is still relatively cheap, even though the world price per barrel rises, we are still safe for now.
Where are you from, if you don't mind me asking? That's extremely cheap to be honest, however, we should also take into account the living wages and expenses of your country. Here, in Greece, the cost of electricity, fuel and groceries is way out of proportion for the average household. Everything is going up, except our wages/salaries.
2377  Economy / Speculation / Re: How far will Bitcoin price correct? on: November 21, 2021, 11:33:50 AM
With the recent "pump", it looks like BTC is recovering again but I'm still waiting for a big dip to happen which will come according to my belief because Bitcoin came high and broke its ATH so quick after going to $30k...

I have already written my opinion in my previous post, and I am sorry that the people who have been on the forum for years have not yet learned to look at things from a perspective other than the one presented to them by the media, who mostly write nonsense.

People like you who are waiting for a new dip of 50% should know that if that happens, that dip can very easily be 70% or more, which means that we have a long crypto winter ahead of us. Although Bitcoin is unpredictable, I am of the opinion that things have changed compared to 2017 and that we should still be a little more optimistic. I think there is a greater chance at this point that a 50% price increase will happen than the other way around, but that’s just my opinion.
While I understand and respect your point of view, the whole market is unpredictable, thus, we are possibly all talking nonsense. On the other hand, I wouldn't be surprised if Bitcoin crashed, similarly to 2017. However, I don't think there's any way to actually foresee the future. I'm pretty positive that the outcome will live up to our expectations in the distant future.
2378  Bitcoin / Bitcoin Discussion / Re: 41% of people globally say they trust Bitcoin over local currencies on: November 20, 2021, 10:19:11 PM
Statistics says it all, although it may not seem like half of the respondents really know anything about Bitcoin but the fact that 41% chose Bitcoin over local currencies is quite an outstanding number, I honestly was expecting lower than 41% but this is actually more than what I was thinking about. By the time comes, conducting another interview/survey in the next 5 years and we'll see a big difference in numbers from what it is by now and what it is in the future, I am assuming that more people will definitely rely on Bitcoin rather than fiat.

I don't know how they do the survey but actually I cannot feel that percentage prefer fiat over bitcoin since if I base it on my place I can really tell that fiat is still much preferred by majority and they trust this one over bitcoin since many don't know yet bitcoin and if some them knows they didn't know to you it or somehow they call it scam. But maybe it was preferred on other part of the world so I do hope the awareness of it will spread so that we can see a huge global adoption and it can really give a huge change to bitcoin.
I believe that the mass public doesn't acknowledge Bitcoin and cryptocurrencies in general. I don't believe that most people actually know what it is and how it works, thus, you cannot make such bold claims that the most traditional mean of currency is actually losing popularity by that degree. I'm pretty positive that this survey isn't accurate at all.
2379  Economy / Economics / Re: Are you making money online? on: November 20, 2021, 09:10:57 PM
Of course, I make it online to increase my income, after the pandemic I have a lot of time at home and I use it for online earning, I do crypto trading, bounties and so on. In the past, when I was in college, I was often earning online by blogging and inserting Google Adsense, I was earning up to $700, after many blogs were deleted, I stopped and chose crypto.
Adsense used to be quite popular in the past, however, the blogspot trend has died now, I haven't seen any nowadays. I still see a couple of websites operating Adsense, I'm curious if it's still profitable, especially with most users now using Adblockers.
2380  Other / Politics & Society / Re: Religion in our society on: November 20, 2021, 08:09:41 PM
I'm an atheist, I despise religion and I'm generally against all of them. However, I don't get why people need religion in order to behave. It's pure logic that you shouldn't steal, commit murder and so on, why do you need religion to tell you otherwise?

On top of that, the general idea is that good actions will get you to so-called heaven, and people actually abide to that.
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