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2641  Economy / Economics / Re: Is Bitcoin's price drop to 30K healthy? on: January 18, 2021, 10:51:34 PM
https://www.fr24news.com/a/2021/01/analysts-say-bitcoin-price-drop-to-30k-was-healthy-and-necessary.html
Analysts say Bitcoin price drop to $ 30K was ‘healthy and necessary’
BTC doesn't run in sideways. It's volatile and pump dump market. BTC pumped to 42k from 20k without and correction. So if you are an expert then you can assume that at any point crypto would take a correction. Thats what happens here and BTC falls to 30k from the 40k price range. Now it's near 38k and holding its price there.
That is a very dangerous assumption that you are making, all markets run sideways from time to time, in fact the majority of the markets remain in that state for way longer than the amount of time that they spent trending, and while bitcoin is trending for a longer period of time not only due to its volatile nature but also because it is relatively new compared to all of those other markets, eventually bitcoin is going to follow the same rules because those apply to all markets regardless of how innovative they could be.
Yes, the market is dangerous because the price growth has recently been too high. Another question is if the exchange rate price is delayed for at least a few months, it can help to stabilize the situation. The bitcoin market is a young market relative to other traditional markets so rules and trends may not work in the usual way. However, if the price recently soars to the level of 50 thousand, then we should expect a big correction.
2642  Economy / Economics / Re: How will financial crisis affect crypto? on: January 17, 2021, 11:59:15 PM
For me, the financial crisis helps to pump the bitcoin's market its the opportunity for it. Many speculators hang tight for the crash and put their asset when the market goes down. However, by watching the outline of bitcoin's value its appears to be that the financial crisis is presently far away from the bitcoins. The cost is higher than our assumption and now it's difficult for a financial crisis to crash such sum.
That's exactly how high the cost is and confusing, because the memory is still fresh past ups and downs of the exchange rate price of Bitcoin. I think that no one will be very surprised if after some news the price will collapse twice or vice versa will continue its sharp growth. The situation is also dangerous because the pandemic has overlapped with the already planned financial crisis and now it is not entirely clear what will happen to the economy when the pandemic passes and there will be some recovery in economic activity.
2643  Economy / Economics / Re: Second lockdown due to covid19 is painful on: January 17, 2021, 11:46:39 PM
It will be painful 4 months for most countries since they will not be able to vaccinate enough people before start of Spring. In May lock downs will stop and economic recovery will finally start. It will take years that economy will get to January 2020 level.
I agree that it will take years to see the same levels in the economy that we had before the pandemic and it will probably take years as well to vaccinate everyone, but at the same time I think that at least in this topic governments are doing it correctly, we need to vaccinate the people that are the most vulnerable to the virus and those people are the healthcare professionals and older people, once those two groups are protected from the virus I think we're going to see a very important decrease in the number of deaths during this pandemic.
Let's hope that the next winter humanity will meet already fully armed and will be able to extinguish the planned wave in the bud. The most important task now is really to minimize the number of deaths in at-risk groups. Although some states are already thinking about full vaccination by the summer season, but there are pitfalls and a lot depends on the size of the state itself and the consciousness of the population. Also, only after about six months, the real effectiveness of the vaccines used will be understood.
2644  Economy / Economics / Re: people stop complain about economy and ccovid on: January 17, 2021, 11:29:44 PM
There is no unexpected source here. China knows there was a new disease in 2019 but refused to do anything instead of shutting people's mouths. As a result, the virus contaminates the world with a vast number of cases each day. Our present could have been different if they had alarmed the whole world that they are struggling in fighting the virus. Before China's lockdown, more than 5 million citizens from Wuhan had spread around the planet
Both government and the people are responsible for keeping themselves and their beloved safe. By doing so, they can not just seal the virus, but also stimulate the economy without using any money from the government. Sadly, Western people have failed in doing so and now they have to face the worst nightmare ever from both economic recession and the dangerous Covid-19
It's good to be smart in hindsight, when everything has already become clear enough. Well, what would you do in their place, when the scale of the new phenomenon is unclear? Do not be like the outgoing Trump administration and hang all the dogs on the Communists from China. It is well known that Trump himself was already aware of the danger of a new coronavirus when he spoke with a journalist, but did not take emergency measures, allegedly so as not to cause panic among the population.
2645  Economy / Economics / Re: Global Financial Crisis scenarios on: January 17, 2021, 11:14:56 PM
I figure it depends on how distant within the future you see. They would nearly certainly recoup superior and speedier than the US, but a USD collapse would enormously harmed their economy. It would crush a part of US demand for their sends out, as a result of our near financial ties with Europe, the European monetary framework would too likely collapse, which would crush their request for Chinese trades as well. It's incomprehensible to anticipate how awful it might get, but I seem seeing a USD collapse driving to a worldwide discouragement.
There is nothing eternal and stable in the sublunary world. It depends on what to call under the crash of the dollar. There will be no catastrophic collapse, and some weakening of the dollar exchange rate is even useful for the American economy. A stock market crash is much more dangerous. The stock market is clearly overheated and it is completely unclear how to technically cope with such a bubble, because curtailing economic stimulus in the face of an ongoing pandemic is akin to suicide, which no one will allow.
2646  Economy / Gambling discussion / Re: Premier League Prediction Thread 2020/2021 on: January 17, 2021, 10:59:20 PM
The problem is controlled without danger. United matched them in defense and almost killed the Liverpool with two balls, Bruno and Pogba. Then he was late to enter Origi. Henderson played in defense due to the absence of Van Djik that made the midfield weaker the, especially the absence of Matip, who also made matters worse.
Yes, Manchester United coped with its task and did not let Liverpool to himself, but the ball possession was more Librepos. But this result allowed Pep Guardiola's other Manchester club to get closer. Liverpool are slowly starting to slide into a crisis, because zero goals scored in three matches in the league has not been for 16 years. We will see how Klopp's players will play in the next match, because Burnley is not the most high-profile opponent and you can finally get a goal and win.
2647  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2020/21 on: January 17, 2021, 10:51:47 PM
Amazing results of the Spanish Super Cup. Bilbao did not seem to have beaten Real Madrid enough, so they also dealt with Barcelona, having played twice during the match. Koeman was left without a trophy despite Griezmann's two goals and Messi's presence on the pitch. I am not sure that Koeman will remain in the team after the election of the new leadership of Barcelona. Messi still managed to get a straight red card and leave the field.
2648  Economy / Gambling discussion / Re: Manny Paquiao VS Connor McGreggor? on: January 16, 2021, 11:59:16 PM
Imo, McGreggor just wants to make more money, like he did with his fight against Floyd Mayweather, there was no way he was going to win Floyd, at least not in a boxing ring, if it were in the octagon, then Floyd would stand no chance, but McGreggor is of course content with losing in a boxing ring and making the money he made.
Having said that, I think that's the same situation with this possible fight with Manny, it's about the money for McGreggor, I don't think he stands a chance against Manny Pacquiao in a boxing ring.
Since McGreggor fight a boxer, I’m 100% sure that its about Money and he’s willing to sacrifice himself and his reputation for a while just to earn money, which is his job since then. The result will still the same, and Manny will be praised because of this match, there’s no way for Mcgreggor to win this match.
I think that if this fight takes place, then this time there will be less money at stake, because the effect of some novelty will no longer be and Mayweather and the team are better able to sell such a show, but McGreggor will be able to claim a larger share of the amount for this fight. As for the sports result, if there are no backstage agreements, then I do not doubt Pacquiao's victory, because he has too high a level as a boxer.
2649  Economy / Gambling discussion / Re: Motosport General discussion tread --- Formula1, MotoGP, WTCC, ETCC, DTM..... on: January 16, 2021, 11:52:11 PM
Verstappen thinks that Red Bull could have dominated F1 like Mercedes is doing now if the turbo hybrid rules hadn't been introduced. I remember the times when Vettel was doing awesome things at Red Bull. Red Bull was really dominant those times.
I'm not sure that Red Bull would necessarily continue to dominate and Verstappen is a little wishful thinking, because Mercedes itself produces engines unlike Red Bull, but maybe the gap would not be so strong. Well, for this purpose, periodically in Formula 1, changes in technical regulations are carried out to shake up the current state of affairs and allow the rest of the teams to try to create competitive cars.
2650  Economy / Gambling discussion / Re: Premier League Prediction Thread 2020/2021 on: January 16, 2021, 11:34:18 PM
And it is hard to predict but I have premonition Liverpool win win. BTTS, too. 2:1?
Its probably wont be a BTTS, its either 0-1 for Manchester United or 2-0 for Liverpool. Im leaning towards 0-1 for Manchester United , yep Im biased but this is going to be huge. For the first time ever, Manchester United stands on top of the table ever since Sir Alex retired and we are not talking about rounds because we are literally on halfway for this season
This match is going to determine the winner for the 1st spot and if Manchester United cant win against Liverpool, that means we are not going to win the league for sure
I have a lot of sympathy for Manchester United, but I still think that the current situation of United is unexpected and the potential of modern Liverpool with its team composition is a stronger club. So I'm leaning towards a one-goal win or a draw for Liverpool, which would be a good result for Manchester United, which would keep the distance between the clubs in the standings.
2651  Economy / Economics / Re: Will bitcoin ever succeed as a currency on: January 16, 2021, 11:19:29 PM
Whats the need of bitcoin be recognised as a currency. As of now bitcoin and the cryptocurrency market is getting known by more number of people than the past. In simple terms people have known it an investment than a currency. As it hasn't got a paper or physical form people find it hard to give consideration to it as currency. It has been slowly getting more used on payments, and the same might make the future generation to prioritise it a currency as the upcoming generation will be completely functional on technology.
They are used to the convenience of the technology they are using. For example, people nowadays are starting to maximize the things they can do with their mobile wallet and with the pandemic still happening, these wallets and way of the transaction is safe. What I am saying is that bitcoin is not the only thing they are using right now, most of the people are not even using it and don't know it yet.
We can say more that the absolute majority of citizens do not much like experiments in this area, because it is associated with personal finances and prefer proven, as well as actively imposed by the state and society tools. A person may even catch a glimpse of other methods many times, but this does not necessarily push him to a new one. And if even before that there was a bad experience with the past fall of cryptocurrencies, then even more so a person will stay as far away as possible.
2652  Economy / Economics / Re: Different online business we can involve in on: January 16, 2021, 10:53:09 PM
The only thing I have heard is constant or permanent is change. Change makes you see things in different way. And they you forced to adapt into it.
I have not seen when a thing happens and after a while going back to normal in the exact way it was before, because people change their ways in the old normal to new way. In other saying nothing remains the same. So we can't expect the office way and pattern to now go back to normal or remain the same. Both in closing hours, resumption and work load will change because some work can be done online now.
Working culture will change for sure just because a lot of companies are spending huge amount of money to accommodate their employees So like electric bills, infrastructure or rent and maintenance so if most of them start to work from home all the profits will go into the hand of the company. And all this work from home can give more opportunities for people or a better salary for existing people.
Once again, I want to repeat that I do not deny the presence of changes in the future about a larger share of online work, but I urge you not to make mega-conclusions from this Wink Changes in this area have been, are and will be, but why are these forced changes associated with the pandemic suddenly necessarily remain after the end of the pandemic? Also, I would not strongly hope for a multiple increase in wages due to the absence of the need to rent premises and other items of expenditure, because the released funds will go into the pocket of business owners and they themselves know perfectly well that which items of expenditure can be squeezed, and which costs can be eliminated at all. Common office equipment and property for employees, on the contrary, allows you to make good savings in costs.
2653  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: January 15, 2021, 11:59:14 PM
Roma is being humiliated actually..
It's not the first time that Roma has been humiliated this season. If I remember correctly, they took similar beatings from Napoli back in November. They're yet to win any of their games this season with a top team which is ridiculous. Anyone who watched the game would know that Lazio was simply the better team tonight. Although I won't dismiss Roma yet as a title contender despite the loss
Derby is a separate category of matches in any championship and on their basis it is not necessary to draw far-reaching conclusions, especially since Lazio needed a victory much more to get closer to the top of the table. But of course, the defeat turned out to be quite sensitive and such losses are indicative and indicate problems in the team game. However, the second half of the championship is ahead and a great opportunity to get even with everyone for the failures of the first part.
2654  Economy / Gambling discussion / Re: Germany League - Bundesliga Prediction Thread on: January 15, 2021, 11:51:07 PM
I agree Union Berlin is the most surprising team this season in the Bundesliga, because so many favorite teams were defeated by Union Berlin.
Even my prediction was wrong by betting on a Leverkusen win, to be honest I was surprised by the victory of Union Berlin against Leverkusen.
If Union Berlin can consistently play well, it is not impossible to qualify for the Champions League or Europa League. Moreover, the next opponent
Union Berlin will face Leipzig, if they win against Leipzig I am even more certain that Union Berlin will qualify for the Champions League.
That's just the game with RB Leipzig and will show approximately the strength of the Union's ambitions, because the upcoming Champions League can make the players ' knees start to tremble Wink So far, only the middle of the championship and by the end of the season can change a lot. In this regard, Bayern is indicative, which in recent years can consistently lose a lot of points at the beginning and middle of the championship, but its powerful finish almost always leaves behind all its rivals.
2655  Economy / Economics / Re: Money Is Political, Not Technical on: January 15, 2021, 11:45:06 PM
Great post, I concur with your point. Money, as well as each and everything, is presently running by the government and politicians. Whatever we're viewing in the media are pre-arranged by governmental and politicians. They have control and everything even gold, yet not with cryptographic forms of money. I believe that is the motivation behind why all the politicians are against digital currency since it's the main thing that government officials can not deal with.
What do you think politics and politicians are for? For the possession of power in the state. This is not surprising, because any state wants to have as much control over monetary policy as possible, and money is only a special case of this. And the battle will always be a serious one, because control of money is power, and no politician in his right mind will give up another lever of control.
2656  Economy / Economics / Re: Second lockdown due to covid19 is painful on: January 15, 2021, 11:32:24 PM
The new strain of Corona Virus is slowly spreading and starting to reach different countries. If this spread is not contained at the early stage, we will go back where we started to, another lockdown might happen to secure tat the virus doesn't spread as bad how the firdt wave of Covid did.
It is just not one new strain. There are multiple strains being reported from all around the world, and many of them are highly contagious. It was expected, as more than 90 million people are infected till date and the viruses are known to mutate rapidly. However, the good news is that none of the strains seems to be resistant to the vaccines. So the current bunch of vaccines should be able to contain them.
In a loose retelling, you can say that if two bullets out of your hundred barrels do not hit the target, you will still have 98 barrels to hit the target. So far, the principles and mechanisms of coronavirus infection have not changed much recently, that is, it is all the same COVID 19, so it is too early to sound the alarm. By the way, it is the constant mutations of the flu virus that do not allow us to develop permanent immunity to humanity and the flu marches around the planet every year. Undoubtedly, something similar awaits us with COVID 19 and let's hope that in the coming years the mortality rate will be much lower.
2657  Economy / Economics / Re: Different online business we can involve in on: January 15, 2021, 11:15:00 PM
The crisis gives more important on how we can maximize the resources like the internet and social media to secure someones living. Almost all people on the globe rely on the internet so its really important that we should know how to utilise it and use it for good. This pandemic made a lot differences in businesses in terms of their operations, the work from home which was not so popular during normal times.
Of course, structural changes in business processes and the labor location of company personnel have been brewing for a long time, and the pandemic has only spurred these processes, forcing many things to move online. Another question is that these measures are forced and caused only by the pandemic and with the normalization of the situation, many online employees of many companies will return back to the offices, because it is easier to organize control and efficiency of work there, gathering employees in one place where they are not interrupted from their professional duties by household chores.
2658  Other / Archival / Re: ... on: January 15, 2021, 10:56:45 PM
If many shopes and companies were actively using cryptocurrency, as you say, we would see the price of bitcoin and ether not at current levels, but at least two or three times higher.
We already saw bitcoin price increase thrice its value within the past  month because of the influence of these institutional investors.  
Let's not confuse the purchase of bitcoin in the past months by institutional investors and the use of bitcoin in shopes and companies, because these are completely different things. This is exactly what I meant in my comment, because unfortunately, the use of bitcoin in operating activities in companies and shopes is microscopic in size and does not have a significant impact on the exchange rate price.
2659  Economy / Economics / Re: The sale of the COVID-19 vaccine on the dark web continues. on: January 15, 2021, 10:42:38 PM
Some people are pretty desperate, and would go through ‘shortcuts’ in order to get their hands on something that isn’t officially available until X amount time has passed. The million dollar question here is: if those vaccines are indeed the true concoctions, who the hell is releasing them in the public? I know that most production facilities for the approved vaccines are already functional, but their orders are already booked even before they are created. This should be investigated if there’s a sliver of truth on the dark web ads IMO because those vaccines may harm people if improperly administered.
This just further proves that some people are really over-the-top opportunists and overly-greedy, making money of the public’s necessity.
They are not thinking about the safety of what they are doing, I can say that those people tend to scam other people, they might buy a lot of supplies of vaccines underground and they will sell them at a higher price. We are not sure if those vaccines are really effective, as of now, we should be careful taking vaccines, there are people who will take advantage of the situation and take the opportunity to scam other people. I recommend that you should wait for your own government of the LGU to decide what vaccine you should use.
Amateur performance is a dangerous thing in such matters. No matter how skeptical we are about the actions of our own states in the field of health, but vaccination is a very specific and important thing, so that people trust the dark market with such issues, because the price of such actions can be undermined health or even death. Sometimes there are scandals about the storage and transportation of the vaccine through official channels, and in dark web that you will not be able to guarantee it.
2660  Economy / Economics / Re: 2021 not Looking good on: January 15, 2021, 10:28:32 PM
Maybe I agree about that, but whatever the problem is, there will always be a recovery so that at worst an economy will always have a turnaround. Every year it will not always run smoothly because there will always be moments where natural disasters occur and / or whatever damage occurs in a sector and that cannot be avoided, so I think every year it will always be the same only sometimes the fall of the existing problem might get worse, and I agree in early 2021 it happened.
The whole problem is when this very reversal will come and how long this fall can continue. It is also possible that the reversal will be replaced by falls several times. In 2021, everything depends on the pace of vaccination and how vaccination will affect the spread of the epidemic. Last year, at the very beginning of the epidemic, many experts argued that the epidemic will come to naught by the summer and by the end of the year everyone will forget it as a terrible dream, but as we see this dream continues and continues.
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