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2621  Economy / Economics / Re: Bitcoin can be a part of N N Taleb's "Antifragile Barbell" Investment Scheme on: October 04, 2020, 09:48:06 PM
He might be right because Bitcoin was so undervalued that people thought it wouldn't survive and were quick to regard it as a dying project every time some litte problem came to light.
When it kept on going people begun to change their minds and think that maybe it is that honeybadger, that white crow they were looking for. So, yes, as long as bitcoin stays on the investment map it's going to keep growing and gaining supporters and believers.
As for real estate being more risky than people think, I agree, but it's one of the few things that won't become worthless (unless there's war). Land will always have value, even if that value drops significantly, which can't say about stocks.
2622  Other / Politics & Society / Re: The second hand clothes market is booming. on: October 04, 2020, 09:35:21 PM
I've noticed that the quality of clothes available in stores has dropped significantly. What used to be considered normal (like 100% cotton) is now sold as "bio" and costs more, while the "normal" clothes are all made of cheap plastic. As time goes by good quality clothes are going to become more expensive, I'm sure of it.
2623  Other / Politics & Society / Re: Social media and tv making us adult before time? on: October 04, 2020, 09:21:34 PM
First of all, children lack imagination. When we (people who are ar least 30 years old) were kids, we read books and comic books, listened to stories told by our parents and grandparents. Movies were a feast. You had to borrow them or go to the theater, so they were celebrated and remembered.
Now kids spend all days watching movies and playing games and usually can't even tell what they were about. They can't focus on a single thing and jump from one train of thought to another. They're nervous, often develop anxieties. Can't really hang out with friends without something that would keep them busy like a phone or a console. IMO the next generation is becoming anti-social.
2624  Economy / Economics / Re: Not enough Corona Virus Vaccine until 2024, at earliest on: October 04, 2020, 06:21:14 PM
Let's say this prediction is correct. Do we really need as many vaccines as there's people in the world? Of course we don't.
By the time this is released, some will have antibodies, some will be dead, cildren don't get sick so they won't need it, healthy teenagers don't need it, most healthy people don't need it, they will simply fight it of. People in very hot climates won't need it, as the virus doesn't spread there. This will greately limit the real number of vaccines they need to make.
2625  Economy / Speculation / Re: Predict the bitcoin price range as we enter the New Year on: October 04, 2020, 05:56:21 PM
I believe in the Winter pump that will take us back towards 20k, just like in 2013 and 2017. There's a pattern here of small pumps in Spring followed up by big ones around the end of the year. In 2013 there was a small bull pump in April, followed by another in December. This year we went up in July and there's a chance the move will repeat.

That’s a possible scenario, but you forget that the big pump of 2017 you’re referring to was created only a year and a half after the halving - and that it will take at least as long to feel the effect of the halving that happened a few months ago.

I can only reiterate that the price of Bitcoin comes from the overall state of the markets - which in turn depends on the mood of investors who are closely following what is happening in the world when it comes to pandemics, recessions or the fact that Trump got the virus just a month before the presidential election.

I was also referring to 2013 before the Gox bubble. It happened more than once.
Regarding what you said about it taking at least a year and a half, that's only if you believe in that progressive bitcoin cycle theory, but it's based only on 2 cycles. Of course the last cycles were getting longer, but I believe there's more at play here than just the time periods before the bottom, the halving, and the next ATH and a great example of such events was the pandemic crash that cancelled the bullish wave we were following since January.
2626  Economy / Economics / Re: Cares Act- How will this effect the economy down the road? on: October 04, 2020, 05:00:53 PM
First of all, as a libertarian I treat social security as a tax. It's not savings because you cannot opt out, so if they'd allow me to take my money out I'd do it in an instant.
The whole system should be disbanded if you ask me. The usual argument of its supporters is "what if you couldn't manage your money because you weren't smart enough and lost everything?" I'd ask someone smart to do it for me, but at least I'd know that I can withdraw at any point. Retirement plans should be managed directly or by private companies, not by a centralized institution that makes you wait until a certain age.

I think it's absolutely correct to view social security as a tax. Logistically, the money you're taxed isn't put into an account for you to withdraw later when you retire. It's paid out to current retirees in the present. In the future when you retire, your payments will come from younger workers who are paying the social security tax.

Which, if you think about it, makes the whole idea a big scam. If your money is being spent to pay off the previous generation and the next generation will pay for you, what happened to the money paid by the first ever participants in the program? Those people who were told that if they keep paying, their moeny will later be paid out to them. Who stole that mone and indebted the system?
2627  Bitcoin / Bitcoin Discussion / Re: How do you leverage the power of your Bitcoins? on: October 04, 2020, 04:23:15 PM
I wouldn't do it because for me Bitcoin is already a pretty volatile investment so I wouldn't add another risky business on top of it. Taking a loan with my bitcoins as a collateral would limit my possibilities regarding my main investment. Of course it could be even more profitable in the long run so I won't say it's not tempting, but with the amount of money I have in BTC right now, I'm good.
2628  Bitcoin / Bitcoin Discussion / Re: Bitcoin illiteracy due to online exchanges on: October 04, 2020, 04:06:00 PM
Exchanges want to invite clients by making it easy for them to buy, store and trade Bitcoin so a newbie who never took money off an exchange will of course be illiterate, even though he technically owns Bitcoin. The same can be said about people who hire fund managers to invest their savings. They don't know how to trade and have never bought stocks, but they have people who do it for them every day and make them money.
It's always better to know how to do things and be able to do them yourself, but don't expect every woman to know how to change a tire or charge a car battery. Many people will never know how to use Bitcoin despite owning some.
2629  Bitcoin / Bitcoin Discussion / Re: Quantum resistance on: October 04, 2020, 03:55:02 PM
People who are scared of quantum computers breaking Bitcoin encryption are not aware of a few things like the one that quantum computers don't "see" programs we currently use. They can make a lot of calculations but for them to break Bitcoin hash somebody would have to translate that hash for them and then be able to decypher the results that the quantum computer will provide. Now imagine doing that to a public transaction. By the time you'd do it there would be a hundred new transactions on top of it and and you'd still have nothing.
2630  Economy / Speculation / Re: Predict the bitcoin price range as we enter the New Year on: October 03, 2020, 01:12:38 PM
I believe in the Winter pump that will take us back towards 20k, just like in 2013 and 2017. There's a pattern here of small pumps in Spring followed up by big ones around the end of the year. In 2013 there was a small bull pump in April, followed by another in December. This year we went up in July and there's a chance the move will repeat.
2631  Economy / Economics / Re: Cares Act- How will this effect the economy down the road? on: October 03, 2020, 12:39:33 PM
First of all, as a libertarian I treat social security as a tax. It's not savings because you cannot opt out, so if they'd allow me to take my money out I'd do it in an instant.
The whole system should be disbanded if you ask me. The usual argument of its supporters is "what if you couldn't manage your money because you weren't smart enough and lost everything?" I'd ask someone smart to do it for me, but at least I'd know that I can withdraw at any point. Retirement plans should be managed directly or by private companies, not by a centralized institution that makes you wait until a certain age.
2632  Economy / Economics / Re: "Humans will not be replaced by robots very soon" --- yeah right !!! on: October 03, 2020, 12:09:12 PM
Skynet is coming !!! Arm yourself's.

With what? sticks and stones?
In the EU it's getting more and more difficult to get firearms. The left is gaining more power and coming up with theories that it's not people who kill but weapons and that if we allow people to have firearms they'll keep killing each other... That said, firearms won't stop self-learning machines. How do you arm yourself against an evolving virus that lurks in the Internet and takes over your tesla autopilot to crash you into a fuel truck?
2633  Economy / Speculation / Re: Bitcoin over $10,000 for the past 66 days on: October 03, 2020, 11:49:37 AM
When we went above 10k in 2017 I believed that a drop to 10k would already be big and there would be no need to fall lower, so of course it's possible to go lower as Bitcoin depends on the world economies, stocks, fiat currencies, politics... One thing is certain, the lows are getting higher. While last year 3k was the low, this year the price seems to hold 5k pretty good. There was a small spike below but it was the result of low liquidity on exchanges. I feel like at this point if anything goes wrong we'll still bounce back from 5 or 6k. Next year you can expect even higher lows.
2634  Bitcoin / Bitcoin Discussion / Re: Has anyone accidentally sent or received BTC to and from another address? on: October 03, 2020, 11:43:53 AM
I have received some BTC dust spam back in 2018 when the network was under attack by BCH supporters. I wouldn't say this was by accident though. They were spamming random addresses this way. I've also seen people receive dust that was supposed to work as advertising. The transaction contained a message with the name of the site it was supposed to promote.
I haven't got a large sum but I'm not sure what I'd do if one day I found a lot of BTC on one of my old addresses. The right thing would be to send it back, but it would be very tempting to keep it.  
2635  Other / Politics & Society / Re: Trump has Coronavirus :( on: October 02, 2020, 03:58:49 PM
he could now pour a whole bottle of disinfectant into his body and see if it has as good an effect on him personally as he claimed at the beginning of the pandemic... Roll Eyes
even if i do not like him - get well quickly! Smiley

Pure spirit is a great disinfectant. I wouldn't mind fighting covid this way. I could check out if high doses of ethanol make you immune to the pandemic. They sure make you care less about this worldwide theatrics. Tongue
2636  Other / Politics & Society / Re: Donald Trump and Wife Tested Positive For Covid19 a STAGE SHOW? on: October 02, 2020, 03:48:43 PM
Many politicians went through Covid without any serious health problems. UK prime minister had it months ago.
There's 2 things we shouldn't forget:
1. Many tests are inconclusive and may also show a person who had covid a week prior to being tested as positive.
2. Trump is a public person. Meets many people, shakes many hands. It's easy to get infected, but it's not a death sentence.
2637  Economy / Economics / Re: Are the Central Banks starting to worry about the public's perception? on: October 02, 2020, 03:38:34 PM
If you ask average people on the street, what do they know about central banks, they'll only have very vague understanding of what they are doing. If the crisis will worsen, people won't be blaming central banks, they'll blame the ruling people, especially the leader, because it's the person responsible for everything. So, I don't think that central banks are panicking right now, they probably just want to explain what they are doing, because there will be more intervention now, and more people might be curious what's going on.


But ask random people if they trust the government, and the monetary system, and I believe the smarter portion of those asked would answer "NO".

Plus there are more and more people learning more about "the banksters" because of the internet. Like us for instance. Cool

Ok, the majority doesn't trust the banks, but what does the majority use every single day? Fiat money, bank accounts, credit cards. The majority takes loans, keeps money on savings accounts, pay social secutity. They don't trust politicians but they vote for them. Trust or lack of it doesn't change much these days.
2638  Economy / Economics / Re: Trump's Economy or Biden’s Economy - which version is better. on: October 02, 2020, 03:18:20 PM
Trump was really overestimated when he was taking over. People thought he'd be great for cryptocurrencies as a free market investor, shareholder and so on but he never attempted to popularize or support crypto. He's the man who likes his green.

When we look from a crypto holder's viewpoint both of them are going to be bad choices but Biden probably a worse one.

Trump is a conservative with libertarian leaning. He is for lower taxes, irrespective of the income range. On the other hand, Biden is a liberal with socialist leaning. Kamala is even more liberal-socialist when compared to Biden. And as far as cryptocurrency is concerned, I have a feeling that Trump/Pence is going to be far better than Biden/Kamala. Socialism can never be good for cryptocurrency. 

I have to agree here. As bad as trump may look with his idiotic ideas like that one with the president of Mexico financing the wall, but socialist ideas are much worse.
Most of the EU is already liberal socialist because it's fashionable. Socialist ideals are the best when you want to buy your voters in a democratic system because the majority usually doesn't earn a lot and people are greedy in nature. You offer them some money for free they'll sell their souls.
2639  Economy / Economics / Re: Why criminals prefer cash (Fiat) on top of crypto? on: October 02, 2020, 02:53:03 PM
Most people are dumb and most criminals are also dumb so the use of crypto will always be limited.
Just think about it for a moment. White collar crimes are maybe 1% of all crimes. The majority of criminals prefer to mug you in an alley tahn carefully plan a ponzi scheme or a bank fraud. Those muggers who have eyes on your wallet, phone and watch will not play around with cryptocurrencies. They don't need to.
2640  Economy / Economics / Re: Stocks fall down due to trump catching the virus on: October 02, 2020, 02:40:02 PM
“Tweet” Powell to print money? I don’t think so he need to personally go to him and verbally tell him to print money, I think Powell will run away from trump so he won’t get virus from him.

Melania seems to be doing everything she can to stay away from Trump and he managed to give her the virus Wink
It's not like running away can help him in this case.

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