Somehow, as people find more and more avenues for self-indulgence, they want to have lesser children.
It's not as easy as saying that women don't want children because they are lazy and prefer to spend money on pretty things instead of changing diapers. The problem in developed countries is that everything is expensive and forces people to spend a large portion of their income on bills. If you compare a country like Nigeria, where people dig a hole in the ground behind the house and burn their garbage in it, don't have to buy winter clothes or heat the house, often barbecue or cook in wood fired ovens, to a typical western city, where you have to pay for everything, even for parking your car. The western society is based on taxes and fees on every step and it forces both parents to work, which is why most couples choose to have a single child. |
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Due to pandemic, the spread of poverty is frightening to anyone and one of the most important things during this New Normal is your instant presence to take over the poorest of the poor.
Extending your help even you are also suffering from this pandemic, the poorest of the poor are the one that really triggered by this situation having problem finding job to feed before the pandemic, now its doubled the burden. The poorest of the poor never had a job in the first place so the pandemic is not affecting them at all. If anything, the most affected will be the already disappearing middle class. I'm talking about those small business owners who operate on small margins and cannot shut down for a month without going bankrupt. People on welfare will never be affected by something like that. They can keep watching tv and eating pizza like they used to. |
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To these "bosses" the workers are nothing more than tools that you use and throw away when they are no longer needed. The only way they can fight is by refusing to work for those people who are known as dishonest and exposing them in the Internet and the media. They more proof they're able to gather the better because for those people (celebrities and brands) the only thing that matters is the public image. Damage that and you'll have them on their knees.
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First thing that comes to my mind after reading it is: Justin must be really loaded from all those victims or as they call them "investors" if he's able to buy a dinner with Waren and later throw away a million dollars just like that. If you guys own Tron you should be asking when exit. Finally normal rewards for bounty
All those beggars from the altcoin section are now looking for those hackers. |
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The mortality of second infections will be much higher as internal organs would already be permanently damaged by first infections.
I am assuming it will be around 50% for the people who get second infections. As we approach the herd immunity, the virus might mutate further as it will be harder for it to survive, so all bets are off.
People do not quite understand the gravity of the situation.
Nice FUD to scare the masses and start another wave of raids on stores by hungry TP pirates. Since when does covid permanently damage internal organs of people who contract it? Most people react to it like they would to a common cold and even pneumonia doesn't do permanent damage unless you ignore it. But most ignored infections can cause death, even something as simple as tonsillitis. 50% deaths from covid is as big of an extrapolation as a million dollar Bitcoin. |
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I don't see anything wrong with a person wearing a mask in a store that he will take off when he comes out of it, but some people wear masks even when walking in the fresh air or playing sports, which is irreparable harm to their health.
Why wearing a mask in the fresh air hurt people ? It can be useless, but I can't how it can hurt them. Our body is adapted to function in various atmospheric situations (high altitude, low oxygen, high effort, etc) so how could a slightly lower air flow irreparably hurt people? It's like wearing a bulletproof vest all the time because you might get shot one day. What's the point of making your life harder just because you're a scared weirdo? I wear a mask in stores just because it makes people more comfortable around me and I don't want to make a scene. I don't believe it helps in any way because I'm not sick and won't spread the virus and I'm also not afraid of catching it. I know people who had it and the only symptom they've experienced was a headache. So, I wear it for others not for me, but I'm not going to wear it everywhere, that would be a huge burden to ride a bicycle or walk on a hot day with a mask on. They tried to enforce it like 2 months ago but most people were ignoring it. We even had the police chase people around for not wearing masks, trying to fine them. |
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We all know that the price of bitcoin can hit new nights in anytime, but when we make a specified day, week or month, it might nit be as what we expected. Truelly, the pandemic has affected the market. If there will still be anything good for the year, we need to patiently wait for it, otherwise, no one has a say.
Figuratively speaking, I'm waiting for new days in Bitcoin rather than new nights. Nights are cold and full of terrors.  I saw an interesting model a few days ago and it was based on the previous 2 cyclles displayed on a log scale. According to it, with every cycle being longer than the previous one, we will stay stable for another year and the most probable peak of the next bull market will be in 2022. The model did not exclude the possibility of a small bull run within the next 2 years, but that bull run would end below the previous ATH. I find it to be very plausible and there's a high probability that we'll have to wait 1,5-2 years for another ATH. |
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Guys lets not be confused about the prediction , i can see many people are actually commenting without even reading the blog, which is actually not making sense because, once you read the blog , it is specifically written what bloomberg analyst think about , and on what basis . The past scenarios , oblviously the word prediction means a vague not definite , but yes they predicted based on some studies in the past.
Bloomberg is rarely right, just like CNBC. The fact that most people think it's going to go up is why we don't see any big upward moves right now. In the peak of the last bull market most people were also saying that it would go up. When the most persistent bears turn bullish is a sign that the market will soon reverse, because these people are always late for the party. I believe we will stay in a channel of 8-12k for the rest of the year and maybe longer than that. If stocks crash again we might go lower. |
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I would say BTC is performing good even in tough times like this, the market is looking stable from few months and you can't expect a short-term profit in real quick time.
Don't believe in marketing hype or media and invest in crypto because it's purely a long-term asset, just hodl and wait for your turn things will get better in couple of days.
Extremely well if we take millions of dollars in Bitcoin mined every single day. Some people must be buying every single day to keep Bitcoin above $9k.While for an average asset a stable price is easy to acievie it's not like that with Bitcoin that is constantly mined by people who paid a lot of money for equipment that was supposed to bring them big money right after the halving. Unfortunately despite reduced rewards we don't see any big pumps in price. I'm actually amazed that we were able to reach 14k a year before halving and can't even stay at 10k now. |
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How can cryptocurrencies save the economy right now? And what do you mean saying that the government should give cryptocurrencies the full support? Switching from a traditional form of money to cryptocurrencies will be beneficial only for crypto investors.
Not really. It would be beneficial also for newcomers who are not yet into cryptocurrencies. It of course depends on your country's political and economical situation but in general having some part of your money in Bitcoin works as a hedge against local disturbances. Bitcoin is not a hedge against world economy so if we have a world war or a global pandemic it won't help you, but if your country goes bust like Venezuela, Zimbabwe, or happens to become a warzone like Afghanistan, Crimea, you will have some emergency funds. |
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I accept as true with you we'll soon be saved from this epidemic within the meantime many countries have gone into recovery and therefore the remainder of the country is on lockdown to guard themselves. However the impact of the pandemic coronavirus on the worldwide economy won't be easy to beat.
Most people are already safe. With 1% death cases there's really nothing to be scared of. You should rather worry about possible mutations that will surface in a couple years. The problem with these respiratory viruses is that they will keep coming and may one day be the cause of our extinction. Not yet though. |
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On the small scale probably scammers who had piles of facemasks lying around in their warehouses before the outbreak and were able to make millions selling them at high prices.
Such a golden opportunity doesn't come more than once in a lifetime, but a single good decision can set you up for life. Many corrupt politicians took part in the face mask scam and made money by forcing people to buy those good for nothing pieces of cloth.
The other winners were companies who produced covid tests that weren't working, but were bought by many countries anyway.
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Why bitcoin is not pumping with such a bit amount of money from institutionals?
Because it's not enough. Always remember: for every buyer, there will be a seller. If Grayscale and other retail buyers are buying bitcoin but it's not enough to prop up the price, then it's safe to assume that there's just enough bitcoin being sold hence why the price is almost not moving. It's pretty much just balancing out. About 900 BTC is mined every day, which adds to around 8 million USD. Even if just 50% of miners sell (but I expect it to be more, rather 75% or more) this is 4 mill USD that has to be bought every day for the price to stay at the same level. If Grayscale was the only one buying it would have to spend 243 million USD every month to keep us from going belo 9k USD per coin. When you think about it this way, you start being bullish, because we've been at this level for months. This means there's a huge flow of fiat money into the Bitcoin ecosystem. Or it's just USDt printer going brrrr  |
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The idea is great but I don't think that is necessary though, I think the owner himself needs to be aware of his status and have some kind of protection/ backup for his Bitcoin. That should and must be the right thing to do with everything especially with this field which involves crypto where you can lose all your assets because you lose your private key and have nothing to backup.
So it's like backing things up, the owner needs to point out the inheritance himself, let the wallets do the more important works.
It is necessary if you want to "fix the world". We have to assume that some people will never tell anyone that they own Bitcoins and the coins will become lost the moment their owners die. This means that the number of coins in circulation will continue to decreas to the point when there's maybe 10% of the innitial 21 million left. I wouldn't worry about it too much though, unless you care so much about future generations and their access to Bitcoin. IMO, they will find a way or create their own, better version of BTC. Nothing lasts forever. |
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Don't be greedy, bitcoin wasn't created to make a selected few rich or make another rich instead, it was created to help the masses from the slavery the government with their centralized mode of operations have put us. It was created to clean up the currency market and used as a more of payment for the average human. We should advocate more fore the technology to go viral instead of withholding the information for our selfish gains.
In fact, witholding it will have the opposite effect. It has to be used by the people to gain value. Think of any other technology like computers, phones, cars. What value would they have if they were used only by a few people in remote, isolated parts of the world? You wouldn't want a phone or a car if you never saw anyone use it and understood the benefit of owning it. OP doesn't understand that scarcity and availability are two different things. You can have a scarce material available in every city. A good example of this are expensive cars like Ferraris. They are expensive and scarce because they are always produced in limited numbers, but every big city has a dealership and you can also order a car online. |
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Bitcoin is the most universal cryptocurrency. If a store accepts any crypto, you can bet it's going to be Bitcoin first, and then if you're lucky some other top coins like ETH or LTC.
That's why your average client who comes into a store with a crypto wallet will have BTC and will remembr what the current exchange rate for BTC is. If you approached me and asked if i'd be willing to buy something with BCH, I wouldn't have my BCH with me and I wouldn't know the current exchange rate of BCH, even though I have a bitcoin wallet on my phone and I consider myself a crypto enthusiast. So chances are you will never find someone who:
-knows cryptocurrencies well
-knows and holds a number of altcoins
-holds an altcoin that you accept in your store
-has that altcoin in a walet, not in an exchange
-is willing to pay using that altcoin
Coolcoinz I agree with you, everything you said is truth. But now many more people knows about Bitcoin and crypto-currencies then before. Not all of them have wallets on phones, or know much, but they are learning and new people who are interested are coming. People recognize what's better for them and they will use that. You points are good, it's why we need to wait for global adoption for many more years, and I am ready for that waiting. Great. Coming back to OP's question, how many of those newcomers will choose altcoins over Bitcoin? Probably not many. Even if we hit the point of this "general adoption" altcoins will remain on the sidelines waiting for someone to finally find a use for them, like ETH privacy coins that found this niche group of people who use and support them, or Dogecoin that found it's use as a meme social media coin. IMO 90% of serious transactions will involve Bitcoin. |
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Bitcoin is the most universal cryptocurrency. If a store accepts any crypto, you can bet it's going to be Bitcoin first, and then if you're lucky some other top coins like ETH or LTC.
That's why your average client who comes into a store with a crypto wallet will have BTC and will remembr what the current exchange rate for BTC is. If you approached me and asked if i'd be willing to buy something with BCH, I wouldn't have my BCH with me and I wouldn't know the current exchange rate of BCH, even though I have a bitcoin wallet on my phone and I consider myself a crypto enthusiast. So chances are you will never find someone who:
-knows cryptocurrencies well
-knows and holds a number of altcoins
-holds an altcoin that you accept in your store
-has that altcoin in a walet, not in an exchange
-is willing to pay using that altcoin
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Yes you can and it's very easy. You just have to use a physical bitcoin exchange. This is a normal exchange, like the ones you find at every airport where you are able to get currencies with cash. This is completely anonymous up to a certain amount (depending on the country). There are also ATMs that allow you to buy and sell anonymously.
You can also use exchanges with no KYC, connect via VPN and register using fake names.
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The parents of your friend would be thinking you are interested in this hidden digital asset his boy has that is why it's hidden. You'd better just tell them from afar over the phone than going to the house of your friend to search for this privatekey because it does sound like a KGB is in search for a spy's code.
I wouldn't care what they think of me because honesty and conscience is much more important. Why would you be afraid that they think you're spying if you're offering them free knowledge and possibly free money that they wouldn't be able to obtain otherwise? I'd explain the situation and offer help. If they decided not to trust me, my conscience would be clear. |
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If they really start putting people in jail for using Bitcoin they're going to show they world they're a totalitarian regime. What are they going to do next? Put street vendors in jail?
They already were hitting people with batons for leaving their homes during quarantine, so I bet they're going to at some point send the army to shoot protesters, just like it was done in the good old Soviet Union and China.
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