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261  Economy / Economics / Re: Economy is hot topic now its explained uk currency is like btc forex game now on: August 10, 2022, 07:38:48 PM
The irony is, despite all the brilliant responses always given to most of your entangled post by members of this forum, you fail to learn a thing or two from it.
Dude, it is really hard to make sense from your post in most of the times. It won't hurt to upgrade your post a little.

"They will be selling for dollars and there is no demand for uk currency becouse its not pumped now the dollar value is pumped by whales whales means wealthy who got a lot money to move markets".  Can you give more details how the dollar is be pumped? Lol.
262  Economy / Economics / Re: Singapore to unveil plans to becoming a Bitcoin hub on: August 10, 2022, 07:25:18 PM
They should be soft on their regulations since there have been crypto companies that were operating on their country but IIRC, already left because of it.

One bitcoin hub that hasn't fully adopted bitcoin as legal tender and showing its potential right now and being liked by these companies is Dubai. Well, I'm sure Singapore is a go-to country for most companies but they have to adopt as well and change some ruling for them to be friendly to these companies.

I thought the regulations already soft enough that's why most crypto companies find solace in the country otherwise it won't be all rosey for those companies to setup their.
They have already unveiled their plans to transform Singapore to a bitcoin hub country which I believe if executed properly will yield the desired result. It is going to be a work in progress, not something that is expected to take effect overnight. Infact, I believe it will be a lot easier on them than those countries with strict regulations on crypto.
263  Bitcoin / Bitcoin Discussion / Re: The US government is targeting mixers. Are BTC mixers next? on: August 10, 2022, 07:11:38 PM
Maybe the us government is directing their attention to mixers because a large group of criminals are using this service to hide their criminal activities making it impossible for the authorities to track them down. And of course, since this is not a service that is acceptable by the government, genuine users will fall victim as well.
264  Alternate cryptocurrencies / Altcoin Discussion / Re: PYR for GALA ? on: August 09, 2022, 07:59:46 PM
Will you prefer to Buy PYR ( Vulcan Forged ) and leave behind Gala games and Sand? If yes can you state your reasons? Which one do you believe will have an incredible future in 2025.

Have you checked the supply of pyr over the other two  you mentioned?
Have you checked the length of development (despite the bear trend) pyr has executed so far over the other two you mentioned?
Have you checked the quality of project ongoing on pyr blockchain elysium over the other's?
When you are able to check all these then do the math am sure you will find your answer.
265  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH could take over. on: August 09, 2022, 07:53:17 PM
You came to this conclusion base on this few days eth performance! Don't get your hopes up just yet, I think this little spike was as a result of the eth merger news, overall price performance will still depend on btc a lot. Perhaps there is a possibility it will change in the future but for now i doubt that.
266  Alternate cryptocurrencies / Bounties (Altcoins) / Re: 👉 {Open} Dokdo Bounty Campaign | 4 weeks | Budget: 200,000 $DKD ~ $20k-ESCROWED on: August 09, 2022, 03:13:02 AM
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267  Bitcoin / Bitcoin Discussion / Re: 1 year of accepting crypto payment in my fashion store on: August 07, 2022, 07:50:38 PM
It’s not easy to accept of cryptocurrency for the payments.Because the users and the workers should had a good knowledge on the crypto currency.Or else you may not received the payments for your goods.The training of the people with the crypto currency was essential one.Since you had using cryptocurrency as a mode of payments,you will have huge amount of cryptocurrency.Just hold the bitcoin till next halves to get bulk profit.

Agreed, an inexperienced seller should not start accepting btc for payment until he/she acquire the right knowledge to operate btc payment otherwise problems of not receiving payment will arise a lot. This is something both buyer and seller should understand. Since it is a personal business (I assume) op can decide to hold all payment received through btc otherwise a quick conversion will be made for appropriate record keeping.
268  Bitcoin / Bitcoin Discussion / Re: What can we do against Blockchain fraudsters? on: August 07, 2022, 06:57:25 PM
You can only do your part as an individual but nothing can be done to stop blockchain fraudster from being part of the technology. It is decentralized and open to all, which means there will always be new fraudster in the blockchain while some are being caught.
As an investor all you can do is be observant and extremely careful with unknown links and website. Avoid all useless giveaways that don't appear realistic. Strictly follow recognized platforms and websites.
269  Economy / Economics / Re: Cryptocurrency an Alternative in Resisting Economy Hardship on: August 06, 2022, 05:46:21 PM
Quote
we could see how the reflection of cryptocurrency participation in the coast of Africa led to sporadic adoption of bitcoin and how it has been use to evade the impact of economy hardship the people could have suffered from the use of fiat backing up with inflation all over,

I don't know how true the above statement is because Nigeria is currently facing a great economic hardish ranging from a high rate of inflation and bad leadership, unemployment, insecurity and more. it is true some of the youth engage in crypto trading but the majority where about 40% to 50% are uneducated still don't have the slightest clue what crypto is and how it can really help their financial status amidst all the economic hardship they are facng. 
270  Economy / Economics / Re: Are we hodling BTC or we are hodling Fiat?? on: August 05, 2022, 07:22:59 PM
it invariably means it is fiat he is holding and not BTC.
 
I humbly disagree with this statement, there is no such thing as 'invariably holding fiat and not btc, if that is the case you can as well just keep holding your fiat in your bank account and assume you are holding btc. i bet the result will not be the same.

It will only be regarded as BTC holding if every price wave adds to it.

If I understand this statement correctly, if you are holding btc with the mindset of 1btc = 1btc then the price waves won't matter much in this case, and assuming you are holding btc for the price's sake, then am sure from 20k to 60k there has been an addition.

271  Economy / Economics / Re: TOPIC: Pros and Cons of saving fiat versus saving Bitcoin in this current econom on: August 05, 2022, 06:57:09 PM
Having known that fiat money is a type of currency, a bill of exchange, a negotiable instrument, otherwise known as paper money or dollar bill used to purchase or pay for products or services that ensures our comfort, it is rather debatable whether saving fiat in the bank, at home or in bitcoins, is a good idea.

Bitcoin, however, is a digital currency. It utilizes a computer network as a medium of exchange that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. Let us, therefore, consider some of these pros and cons to see the light:

1 Bitcoin is secured by blockchain technology, thereby making it difficult to counterfeit or toy with.

2 Bitcoin hardly has a physical structure to speak its value unlike that inherent for fiat money. It operates on a decentralized infrastructure that makes direct money transfers quick, traceable, transparent, and immutable.

3 The number of parties involved is technically only two for bitcoin, unlike fiat where third parties must be present.

4 As the current world change has been from the traditional mode of exchange to electronic mode(digital mode). Bitcoin has an upper hand, as it is purely digital.

5 Bitcoin has in recent times proven to be a strong alternative to fiat money, thereby making it a unitarian global currency.

6 Bitcoin and many cryptocurrencies have just a finite number of the same available.

7 Bitcoin ensures ease to do business with both local and international parties that involve huge amounts of cash, without having to incur heavy charges considering the volatility of the exchange rate, unlike fiat money.

The pandemic shook the economy and exposed flaws in both personal and public systems of commerce. Recession became an aftereffect after the World pandemic and the ongoing war between Russia and Ukraine has added to this quotient. It is however noteworthy to examine these pros and cons of saving fiat versus that of saving with crypto in this period, to be ready for uncertainties.
Knowing what you now know, would you rather save fiat more or save in Bitcoins more?

1- how often do you come across fiat counterfeit?
2- how does a physical structure be a con for fiat direct transfer?
3- I think it is also between you and your bank
4- bear in mind btc is not universally accepted so I doubt it has the upper hand in this case yet.
5- There are limitations still
6- btc has a limited supply which could also be a con when the entire world decided to adopt it.
7- btc adoption is very minimal unlike fiat so doing business with ease for now is not present.
in the end btc serves as a good alternative to fiat, both are relevant in their different ways, btc doesn't have the acceptance fiat has hence it will be very difficult to ignore this, however great btc is, fiat will always have the upper hand for now in terms of day to day transactions.
272  Bitcoin / Bitcoin Discussion / Re: What will be running in your mind if Bitcoin reaches $1000 again on: August 04, 2022, 08:17:57 PM
We all know that even if Bitcoin drops to $1,000 (although I rule this out) it will go up again, so I won't be worried at all but this would be a perfect opportunity to fill my wallet with huge numbers of Bitcoin waiting for a new peak, we will make up for all the opportunities we missed in the past .

Perhaps it will i.e if 90% of btc holders did not further crash the price to zero with the panic selling their coins because no one knows what will become of btc. To be honest, as much as I like to DCA in situations of the market downturn but I do not like to see btc at such a low price, it is like an offense imo. i will be very worried something weird is going on.
273  Alternate cryptocurrencies / Altcoin Discussion / Re: How do you keep track of your portfolio stats? on: August 03, 2022, 08:05:16 PM
Sign-in on congecko and and build your portfolio from your profile and you will be able to keep track and know your net profit and loss. i found CG much more user friendly and very simple to understand compare to cmc. perhaps you can also check out blockfolio, it has been long since i use it, they may have update some more features on it that can be useful.
274  Alternate cryptocurrencies / Altcoin Discussion / Re: How to take profits? on: August 03, 2022, 08:00:08 PM
I would say depending on the market period, taking profit during this period will not be such a wise move as the market is yet to recover. if you take the initial investment out at this time, you will be missing the opportunity to earn more when the market fully recover, and besides taking profit to reinvest now won't be profitable because market is already too down and the probability it will go lower is slim.
Take out your initial investment when the market is at the peak, hold the rest if you want you can reinvest all or just 50% of the initial investment when the market is down.
275  Other / Archival / Re: Most crypto-friendly economies in the world on: August 02, 2022, 06:53:56 PM
I am not familiar with Germany's stand on crypto-related matters but to see USA as the second most crypto-friendly country spot is quite shocking to be honest, this list has put countries like El Salvador, and UAE which usually come among the top crypto-friendly countries far behind. Am still not sure what is the basis of the criteria in this selection, I don't know how USA happens to be in the second spot.  Shocked
276  Economy / Economics / Re: A Secret to financial breakthrough on: August 02, 2022, 06:37:37 PM
There are so many from 'grass to grace' stories out there and it is up to you as an individual to define how you want your financial status to be, there is always a reward in hard work. A breakthrough can only happen when you start working towards it from the early stage. In the midst of corrupt leaders, poor parents or a bad economy anyone can change their future through hard work and dedication. It is all about having the mindset.
277  Economy / Economics / Re: Too much talk about gaz food news talk too much on: August 01, 2022, 07:19:14 PM
What do you care what the news talks about? this is what they do, they have an obligation to give information about what is happening around the world. If you don't find it interesting am sure others don't mind.
The EU can find an alternative to get gas but it doesn't stop them from talking and discussing the problem at hand which is Putin and the unending war causing many economic crises. you must think this type of situation can be fixed just by the snap of a finger.
And as for cows and milk, truly I have no word for you because I do not know from where you crawl out that prevent you from seeing the inflation rate happening all over the world, nobody said cows are not producing milk but the demand for it is more than supply and that goes for other food items.
278  Economy / Economics / Re: Are we hodling BTC or we are hodling Fiat?? on: August 01, 2022, 07:04:32 PM
After reading to the end of the post expecting to see that point you want to drive home! I didn't see anyhting, in your opinion, btc suddenly becomes fiat because the price is highly volatile, that doesn't make any sense to me. High volatility doesn't stop btc from being a digital currency or being the peer-2-peer currency that it was designed to be. Price is a major concern for some and it is not for others. If you had the opportunity to DCA, as a result of price decrease, would you consider yourself DCA fiat?
279  Alternate cryptocurrencies / Altcoin Discussion / Re: Fed raises rates, crypto prices rise as a result on: July 31, 2022, 07:50:22 PM
It is obvious some people just want to attribute every rise and fall to any particular event that happens during that period, the article wants people to believe this has a connection why btc price increases alongside several other alts. Am not an expert but i don't see the connection. I think the fear is reducing and investors are ready to come back in, those who were waiting for below 10k suddenly realize that it won't happen. the fear of missing out is coming back.
280  Alternate cryptocurrencies / Altcoin Discussion / Re: Would you be able to advise me on Non-compliant Crypto ? on: July 30, 2022, 06:38:36 PM
Even some of the centralized crypto is not fully compliant so I don't think there is anything to worry about, except your country's government has governing laws on crypto investment which you should worry about. Maybe you should look more into that to be sure you are doing the right concerning your investment.
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