No, just look how many crypto related businesses there are nowadays. Basically these businesses rely on bitcoin for the survival of their businesses. These people won't let bitcoin reach to zero. There is a whole ecosystem composed by employers, employees, developers, freelancers, investors, traders, merchants who beneft from bitcoin in a daily basis. Moreover, without bitcoin I don't think we would have access to a real decentralized currency which nobody can shut down or print more of it as they wished. The trust bitcoin achieved from adopters is unique and it's also a factor to boost the currency's price.
Multiple investment in bitcoin have drained do many businesses, perhaps bitcoin is one of the solid investment available in the space but also at a risk. Bitcoin dumping to zero is impossible, the chances of dipping to zero is very slim, because the investors especially the whales are not ready to take any risk to liquidate their accounts. Top companies have their investment in bitcoin with gigantic pieces of bitcoin, even Elon Musk and Changpeng Zhao have stored bitcoin in their cold wallets inother to use it for future purpose. And even if whales wished to liquidate all their holdings, in an attempt to drive bitcoin's price to zero, that would be great and healthy for the market, because we would finally get rid of manipulation here, as all the coins dropped by them for sale would be immediately purchased by new and small investors who were waiting bitcoin to get cheaper to invest. Indeed there would be a momentaneous crash in price, but that should be instantly reverted by a bullish tendendy due to removing the big players from the game. Whales aren't crazy to do that, though. That would be too good to be true. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Having access to gambling through the mobile phone is something that is common and we must not concluded that it's the cause to getting addicted since we have individual decision in making the best use of their quality time for various engagement including gambling without affecting their daily lives and people around them, if you're self disciplined then you can control addiction without stress.
It's addictive because it's accessible and reachable at anytime, since you have connection with the internet, what isn't hard nowadays too. The individual doesn't even need to get up from his bed to start gambling. Everything is done at the reach of his fingers. OP is right, and it's much more encouraging than having to go to a land based casino which is far from home or in another city. If the person isn't attentive to his gambling habits, the risks of developing an addiction are much more severe than in the previous era, when there weren't virtual casinos yet.
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I am also shocked by this as they banned those other gambling games as they can be addictive but what Ive found reading and searching is that horse races have a long history for them so it means it is already their culture and they are doing this, the same with other games like a lottery as the government earn money from it for their country. Though they said that it is for entertainment purposes I don't see a reason why other games are banned and those types of games are not.
If it's really addictive and many citizens are affected then one of the main solutions to combat the issue is to ban those games. In some countries they also do that even though those games are originally made by them. There is no exception. It was only gambling but what important is the condition of the people. There are still games or activities other than gambling which are also entertaining. We can live peacefully without gambling trust me. It's only hard at the start but later on, we will get used to it. Even though they say that it's only used for entertainment purposes, there are people who still can get addicted with it. Video games for instance but a certain title of video games are also/already being banned. Nowadays with internet and crypto casinos, to ban gambling games in their country doesn't make sense, because any japanese citizen can simply sign up at one crypto casino, make a bitcoin deposit and start playing any game he likes and can't physically on his native country. Although it's bad news for japanese who want to start a gambling business, it's good news for online casinos which see their customers' base increasing exponentially because of government's measures like that.
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You don't necessarily need to import goods from Alibaba or China. I don't know how the demand for such cheap product in EU is, but I guess you could try something more refined and elaborated. Since you want to invest your BTCs, the most logical alternative is imports, without any doubts, as Bitcoin is a boardless currency, very convenient to negotiate with people from other countries in an accessible way.
But first, check what the demand in your area is for, then go for that category of good, but not the cheap, copy ones. Import original goods of high quality and look for customers who are willing to pay the fair price for it. And don't stick to China only. Maybe you could even import something from an european country which you know you are going to resell easily.
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People who i know who are buying and selling apes and punks aren't laundering money. They are paying taxes for them, just like with altcoins.
But would that money laundering argument apply in altcoins and why they sell as well? Because one could explain the whole reason of making new cryptocurrencies, building DeXes and having icos, ieos, and idos as just a method to launder money.
In some cases it also applies. But regards altcoins, there is still a practical purpose on why we should acquire and hold them for real benefits. And of course buyers are speculating. Whole cryptocurrency scene is purely speculative so i don't know why NFTs should be an exception. They are just in tokens with a different protocol.
True, but if you can speculate on something which has a practical usage it's more advised than speculating on NFTs which have as main argument the uniqueness of the pieces, although you can reproduce each of them for free with a simple print-screen function on your keyboard. The potential of these artistic NFT collections is the same potential of memecoins. Today they have demand, but tomorrow they might not have anymore, because it's exclusively about hype, instead of real benefits and application. And i wasn't talking about art and i am not sure what Mona Lisa got to do with this. I was talking about scarcity and linking nfts to pictures.
That was an example of scarcity, originality that could never be replaced by a digital format of art. And market tells us that they sell and work perfectly in digital format.
Because of the speculation which can last until tomorrow only, and not because those NFTs are considered outstanding art pieces. Speculative price can be 1$ million dollars, but artistic value of those NFTs is zero. But originals keep on selling then even if those are the same exact picture. Because people are buying scarcity and history. Quality of that "art" is irrelevant and a bonus. And i am really baffled why people hate nfts. It's just a protocol.
Regards NFTs, do you mean? In some months or years nobody will know what apes and punks are anymore and enthusiasts holding those pictures on their wallets are going to see their investments melting down... And that is not hate, just an alert for investors who are being deluded by this category of crypto investment.
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No, just look how many crypto related businesses there are nowadays. Basically these businesses rely on bitcoin for the survival of their businesses. These people won't let bitcoin reach to zero. There is a whole ecosystem composed by employers, employees, developers, freelancers, investors, traders, merchants who beneft from bitcoin in a daily basis. Moreover, without bitcoin I don't think we would have access to a real decentralized currency which nobody can shut down or print more of it as they wished. The trust bitcoin achieved from adopters is unique and it's also a factor to boost the currency's price.
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I believe each country has to solve the problems inside their own houses, before partnering with others. By mixing argentinian and brazilian currencies, they are bringing the consequences of internal economical problems from Argentina to the brazilians, and vice-versa.
Each country has its political and economical systems which were chosen by citizens in democractic elections. By doing this, authorities might be mixing systems people from one country or another aren't confortable with. And considering how chaotic is the economical situation in Argentina and Brazil right now, I don't see it as productive measure.
Anyway, the proposal doesn't replace the currently Real and Peso by a new currency. It's different from the Euro in Europe. They would coexist and the usage wouldn't be imposed to every citizens from both nations.
Regards Africa, well, it's not a common currency for the whole continent which is going to be the solution for their problems.
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Probably it's not going to be a major company, but minor ones ran by car dealers who resell used, second hand cars in different countries and regions. Since it's a tough business full of competition among each other, these professional sellers have to be creative and offer their customers different payment options. The more the better, and that is where bitcoin comes in handy. During a negotiation, bitcoin might be the decisive factor! I say that the next brand to accept Bitcoin will be Pagani What about Tesla and SpaceX? Haha
Tesla had plans of accepting BTC and DOGE as payment, but later it was revealed to be just a speculative declaration for manipulative purposes.
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Bitcoin for long term gains and stocks market for stability, plus dividends income. Both are good alternatives for your money to avoid letting it idle depreciating in fiat currency, but right now I'm more confident in BTC than anything else from stocks market. The lack of trust in companies and institutions is really worrying investors around the world, while bitcoin becomes an alternative in this scenario of uncertainties and mistrust.
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The ideal is to acquire a house, but sometimes we have no choice besides renting. Like myself, I've been always against renting, but now I had to go for it, paying 135$ monthly in a suite, in order to be able to seek for a higher educational level in another city. I concluded we can't be too strict on our views in a way it's going to paralyze us in life. Life is constant movement, and if we have to "waste money" renting a house or apartment to advance in life and persue goals, that we do it without regrets!
Also, if you live somewhere precarious and non-promising because a temporary job, better that you just rent, as the investment there will be lost, since these areas don't make your property gain value on long term.
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Governments run ponzi schemes through their national currencies which are heavily manipulated by the central banks. If they adopt bitcoin or a strong stable currency, like dollar, they won't be able to continue their populist welfare programs which distribute "free" money to the poor class, while raising their own wages and increasing the number of useless jobs' spots in the state for their friends. Actually, governments don't want to fix the economy for real, because it's seen as an unpopular measure in the eyes of the masses. So they prefer to play with "shitcurrencies". ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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SHIB is following BTC trend upside in this beginning of 2023. It's a good moment for those investors who were in loss with their SHIB portfolios to get rid of this token while they can and invest in something promising for the future. On the other hand, if you are risk taker, you might prefer to continue holding and see how far SHIB can reach yet, although personally I don't think it's a good idea, since the price of this token is blatantly manipulated in large scale.
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Let's talk about those pictures since everyone is obsessed about them. Yeah you can own the exact copy of the jpg and print it on your wall if you want. Who cares? Do it right now. But you can't sell it because no one will buy it, even when it looks exactly like original. Not even when you make nft out of it. That's digital scarcity. You either want to be a part of history of digital scarcity or not. It's really up to you.
I really can't sell that, because nobody will have interest in purchasing, since just like me, they can also get a .jpg identical copy for free. On the other hand, you could never have an identical Monalisa painting copy for free. The market of art pieces can work only in physical format. NFT artistic pieces are purely speculative and a method to launder money virtually. I can't believe i ended up defending NFTs as i used to laugh at them in 2019 for the same exact reasons you told me.
I believe NFTs have a lot of potential, but inside online multiplayer games only, as they have unique usages on practice there.
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One thing businessmen do in my country to raise their profits and keep the prices stable for customers is to change the ingredients of the products a little bit. Let's pick milk cream. It has been always made of milk, but now you hardly find pure milk cream on the supermarket for sale, because they created a new category of milk cream made of the serum of the milk. It's basically using the milk for something else, and what remains and should be discarded, they use to create another product, but with very inferior quality, flavour and nutrients.
This is happening all around. In particular third world countries face more such scams in the grocery market. More mixups were done with the food to increase the quantity. The quality control just works as a unit, but never identifies these kind of mixups. Better the standard maintained by the quality control team, will reflect in the value of the product. I think regulators shouldn't allow such products to be manufactured and negotiated. That is lack of respect and consideration with customers who have been acquiring the real product for their whole lives, but now have to make use of a parallel, mixed one. If things continue going this route, I believe in some years we won't be able to enjoy the same flavour of the food people did in the past. Everything is getting too artificial and dilute in order to maximize profits for businessmen.
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“Gambling is not about how well you play the games, it’s really about how well you handle your money.” Poker Player V. P. Pappy This is a powerful message every gamblers have to learn before or while their games' sessions. Nobody survive for too long in gambling without proper money management, and those who think it's not important, start playing randomly going busted much faster than a responsible gambler who premeditate his steps during the game, potentially going bankrupt and becoming addicted, if they aren't careful and attentive to what they are doing.
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This identical digital twin of the dollar would be entirely regulated.
I think the quote above summarizes everything. If dollar has never threated Bitcoin during all these 14 years of existence, why would an identical twin do? There isn't anything special about digital dollar, because like the regulators said, it's the same thing of the currently dollar currency!
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Sometimes I wonder if these social media acclaimed bitcoin price analyst do really know what they are doing. Sometimes the way they run analysis on bitcoin would make you feel they know everything about bitcoin than Satoshi himself. They do wrong analysis an bitcoin price trends and most times they end up shooting themselves on their own foot as a result of wrong market analysis and faulty forcast. I do not for once listing or follow them but I do review price chat myself to know what is obtainable in the next bitcoin market if I want to trade. These gives me a guide on what to do.
Many of those experts are actually altcoins' shillers, so they badmouth Bitcoin in order to make the altcoins they work for look more interesting in the eyes of the investors who follow their channels. I've already seen many times they claiming Bitcoin was over, and that they knew the cryptocurrency which was going to replace the king, so they were going to share this secret with everyone who paid them to participate an exclusive group of traders and crypto experts. The purpose is solely to take money from investors for themselves.
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Here we are also facing a severe rainy season. It rains almost everyday and all day long, but that is normal, due to the currently season of the year. Dirt roads become impassable sometimes on the reclined parts and there is nothing we can do besides waiting. Plain, flat areas where farmers use to grow crops and let their cattle eat are completely taken by water, like a great river. But again, that is normal because the nature has been behaving like this since a long time ago.
We should adapt ourselves to this reality and prepare for times like this. For an example: don't spend too much money investing on crops that might be lost to the excessive rain, build houses on safe terrain, make sure there is a decent water flow mechanism in houses and city, prefer projecting and developing suspended buildings.
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1. How we can determine total invested money in bitcoin maybe many rich's are accumulating know , and maybe they or a one person already accumulated worth more than combining some biggest whales how we can know if the bitcoin are stored in many many wallets by one person or institution
You can have some notion by accessing this website where they classify bitcoin's addresses by how many bitcoins each of them holds. https://bitinfocharts.com/top-100-richest-bitcoin-addresses.htmlWealthiest addresses must belong to exchanges' wallets, not individual investors. Total invested money in BTC should be the total number of coins in circulation multiplied by currently BTC's price, no?
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I am a 32 year old male living in Australia.
Today I purchased some fresh fruit, a loaf of good bread, good quality milk and 2kg of chicken drumsticks for my German Shepherd (he eats human food only) and the cost was close to $50.
I feel this is the first time in my adult life I have genuinely noticed the rising cost of goods and services especially groceries.
Petrol is over $2.10 a litre and my water and electricity bills have also increased by about 15%.
I really feel bad for the elderly pensioners in this country. They are definitely struggling.
I would be curious to read of the experiences others around the world are having in regards to their cost of living.
If only there was a way for me to go back in time to when I could buy a crate of eggs (usually 30 pieces) for less than a dollar, now it has 5x in my country, you need nothing less than $5 to buy a crate of eggs, things are so expensive in the sense that the money we earn these days is below minimum wage, you can't do anything tangible the very moment you receive your paycheck, and it is killing the citizens, this recession is not limited to some countries, it is worldwide. Inflation began when we went under absolute lockdown, and it is still going on right now even after everywhere is opened. The stock market is a testimony that we are all screwed from that time, but it appears that we were all misled by the 2021 market pump, or should I say recovery, that everyone hyped so hard. In my country, 10 chicken eggs cost about 1-1.5 US dollars. Rent an apartment - studio in the city center - 720 US dollars per month. People buy products at a discount or switch to lower quality products. Sometimes manufacturers mask the rise in price of their products. For this, products are packaged in bottles and cans of smaller volume.... For example, the price of sour cream does not change over time. However, earlier, 1 dollar could buy 500 grams of sour cream, then 400 grams, and now only 330 grams. One thing businessmen do in my country to raise their profits and keep the prices stable for customers is to change the ingredients of the products a little bit. Let's pick milk cream. It has been always made of milk, but now you hardly find pure milk cream on the supermarket for sale, because they created a new category of milk cream made of the serum of the milk. It's basically using the milk for something else, and what remains and should be discarded, they use to create another product, but with very inferior quality, flavour and nutrients.
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