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2821  Economy / Economics / Re: PayPal to allow cryptocurrency buying, selling and shopping on its network on: November 11, 2020, 11:50:17 PM
Yeah, I heard the news, its really good that  PayPal now accepts bitcoin, so glad we can finally buy and sell our crypto on the PayPal platform , although it's not the actual bitcoin it's a virtual one,I guess this is what made bitcoin to start pumping, because with more adoption thre will be high demand for it in the market, and we all know the laws of demand and supply, but I fear they are some cons to this adoption like PayPal is a centralized platform and I do see some people tell stories about their experience using it, most of them complained of getting banned for no good reason, without been able to even collect money from their PayPal wallet,does it mean it's PayPal is not a safe heaven? Undecided.
In this case, each side has its own ideas about security. PayPal's view of security may not coincide with your view, as well as your opinion about good reasons Wink The news is certainly good for the exchange rate, but it turns out to be a little funny situation when bitcoin, which was created for, among other things, to fight against such centralized payment systems, becomes one of the cogs in the mechanism. By the way, it is also funny that PayPal also did not seem to be burning with tender feelings for bitcoin, but the insidious reality forced them to change their beliefs. About safe haven. PayPal is a huge organization with a lot of customers and responsibilities to government regulators, and sudden doubts about your funds can lead to unpleasant consequences for your wallet. But the final decision is still always yours Wink
2822  Economy / Economics / Re: The Real Situation :( on: November 11, 2020, 11:27:32 PM
This is really bad news, there were already many reports of people that got the virus and then got it again at a later time which lead me to believe the period of immunity was too short but 6 months is nothing, are there any studies that show if there is any difference in the intensity of the disease itself when it is gotten for a second time? For example someone that had mild symptoms the first time, is this person still expected to suffer mild symptoms or there is some change during the second time the virus is contracted?
As I recall, the results of scientific studies revealed that just easy symptoms of occurrence of this disease does not allow the body to build strong immunity and it is therefore likely recurrent disease. Well, if a normal stable immunity was not developed the previous time,then in theory, and a strong gain to the body again should not be. Therefore, I believe that in this case, in the coming weather seasons, we should make a big bet on mass vaccination, and then rely on mutations of the coronavirus, which will make it not so dangerous for humans.
2823  Economy / Economics / Re: Here is a conspiracy theory on: November 11, 2020, 11:07:47 PM
Well, I was able to read the same conspiracy theory saying that globalization is about to happen.
That the entire globe will have unity and country as the division will be eliminated. And yes, -- plague or any type of contagious diseases is of the key to doing that since it will stop every operation and also slow down the production especially kill the economics of the countries where they get their egos. But we won't know and let's just see what will happen.
In times of crisis like this, I am reminded of a statement by Bill Gates who warned the world not to be prepared for a pandemic. manipulation and conspiracy are ways for them to profit. a conspiracy that launches the action in the midst of chaos in each country is very unforgivable. every country has put suspicion, blaming certain countries even though they are both behind this. True! There was a conspiracy during the Covid-19 pandemic. many pharmaceutical companies are currently competing to gain money from this pandemic.
By the way, I do not see anything reprehensible that pharmaceutical companies claim to receive funds to fight the pandemic, because this is their bread and is the essence of professional activity in the production of medicines. As a commercial enterprise, they earn money and it is difficult to expect them to work for free. Of course, pharmaceutical companies may be related to the rise of the information wave about the pandemic, but to call this a conspiracy, you need to have a very non-trivial view of the essence and motives of things happening in the world.
2824  Economy / Economics / Re: Debt and Crypto? on: November 11, 2020, 10:54:58 PM
I'm seeing banks as not completely dying once bitcoin gains traction over mainstream media but wiuld take measures to integrate themselves to the new world. Like what the OP stated, they can set a buy crypto with us now, pay it later scheme to help investors jumpstart or boost their portfolios while still keeping their commerce alive. They wouldn't be easy to go down especially if we consider the fact that most banks have been here before our grandmas were born. Not that it's a good thing, but not a bad thing either. So unless we create or discover a complete replacement for banks, this is what I assume will be the case for the years to come.
It seems that even now payment transactions and payment acceptance are not the main source of income for modern banks, so I think the idea of a threat to the banking sector coming from cryptocurrencies looks a little far-fetched. There are payment services for such things, and that's where you can look for potential conflicts of interest. Banks, as financial organizations that accumulate financial resources and issue the necessary amount to their customers, remain afloat and, if allowed by regulatory state organizations, will also lend cryptocurrencies.
2825  Bitcoin / Bitcoin Discussion / Re: American election is nothing to do with BTC on: November 10, 2020, 11:31:52 PM
The election is going to have a lot of impact in the price of bitcoin. With the economy recovering under Biden administration, we will be seeing the price of US dollar rising. It has never been this low compared to past few years before trump administration! Also, Trump delayed the stimulus package and was supposed to be distributed after the election. With Biden presidency, we are expecting to receive it anytime soon (trump has yet to concede though). The stimulus might encourage people to invest more in bitcoin.
And we expect the stocks to start rallying and bitcoin might also start doing the same.
These are expectations and hope you have on the new president but lets wait and see how they can help the market or whether they will be successful in helping the economy recover. I have my doubts whether that can be done anytime soon and stimulus package alone will not help anything.
Give them a few more months and we will see how his policies will affect the market.
A lot depends on how we want investors to perceive bitcoin, if as a safe haven, as a protective asset and a means of hedging risks when the economy falls like gold, then this is one question. In this case, there is no certainty that when the economy recovers, bitcoin expects a rise in the exchange rate price, while on the contrary, the most likely scenario is expected to stagnate and even fall in price, due to the leakage of fixed capital to the stock market. If bitcoin is perceived by the market as an object for financial speculation, as well as stock assets,then there are prospects for further growth during the economic recovery.
2826  Economy / Economics / Re: Is COVID-19 an excuse for governments & central banks to print money? on: November 10, 2020, 11:04:34 PM
Whether there is any truth in these conspiracy theories or not is another thing. But the truth is that Trump lost his re-election solely due to this pandemic. Look at the margins. Even after so many deaths as a result of COVID 19, he received more than 70 million votes and lost the crucial swing states such as Arizona, Wisconsin and Pennsylvania by less than 1% of the votes.
And there is also some suggestions that there was manipulation and if there is any truth in those news than actually the 1% can go in either way and might flip the whole election result.
Trump was not the best leader they have but he was competent and while strict and sometimes funny like he said "Chinese virus" which was mocked later on and trolled but his actions were always good. There are people who play the role of a villain which Trump was playing but their actions and decision making is impeccable. Just because he is a big mouth doesn't mean he was incompetent.
Let's not forget that it is impossible to be competent and effective in all matters, so the task of any sane politician is to gather an intelligent team around him. And already this intelligent and competent team will be engaged in direct management and solution of pressing problems and issues. Trump's biggest problem is the style and methods of the decisions made. With seemingly correctly formulated goals and objectives, execution methods raise many questions.
2827  Economy / Economics / Re: Coronavirus is very harmful to fiat currencies, not bitcoin on: November 10, 2020, 10:45:45 PM
Yes, fiat now had been not doing well and its purchasing power had depleted because people are more needing food rather than money. If the pandemic will going to continue then high chance that it can no longer be use and it will have no value no more. People will going to plant for their living if they wanted to get food to eat. Hopefully this will not going to happen because many people will get affected by it especially us the poor.
Let us hope that the pandemic will not be prolonged to such an extent that the absolute majority of the population will be forced to engage in subsistence farming and natural exchange. Almost all the existing cases of hyperinflation and total depreciation of money occurred against the background of civil conflicts and the destruction of state structures, but now there is no such thing, and we hope that the state authorities will keep the situation under control and prevent long-term chaos and unrest.
2828  Economy / Economics / Re: After elections end this year for all countries, we are all screwed on: November 10, 2020, 10:32:33 PM
Politicians will always need money from donations and they will always need votes from the people, so they are never free and they can never do anything they want just because they want to. Even when they do something good they do it not because they just want to, but because they want more votes from doing something good.
If you tell any politician that they will gain 10%+ more votes for punching a wall, they will punch the wall as hard as they can without caring about breaking their fingers, because those type of people become politicians and get votes from people. So now we have to consider, will doing something good get politicians more votes, or will doing something bad get them more votes? It sounds like an easy answer but in reality there are plenty of times when doing bad got you more votes.
Politicians do what the voters want, but they would like to do nothing themselves, because this is their profession. It seems that no one is very indignant when the employer does not think much for a long time and dismisses an employee who, instead of performing his direct professional duties, is engaged in performing actions that are pleasant only to himself. It is good when it coincides, but very often there is no coincidence. No matter how we speak, but still democracy is a little veiled power of the majority and some seem to be bad things seem good for others and Vice versa.
2829  Economy / Economics / Re: Effective Covid-19 vaccine found on: November 10, 2020, 10:18:21 PM
It will take a really long time for everyone to get the vaccine, i am assuming a couple of years to get the vaccine for everyone around the world and may be it might take more time, the vaccine is said to be having 90% efficiency but what about the side effects, i have not seen anything regarding that.
We faced the first pandemic in a century and who knows what is in stores for the future, we might see more virus mutations and all we need to do is to prepare for the worst and invest your money wisely.
Indeed, it is still too early to talk about side effects from the vaccine, because no one yet knows what consequences may occur after a few years, and not a few months during the trial. Its nuances will appear when the vaccine is used on tens and hundreds of millions of people. But I am not sure that for such reasons it is not necessary to carry out mass vaccination and calmly observe the death of people from the coronavirus, because any medicine, in addition to the benefits, has some harm.
2830  Economy / Economics / Re: Government slowly open the economy, will it make the pandemic worst? on: November 09, 2020, 11:58:29 PM
It's a normal thing that virus modifies within time. They are constantly evolving as are our natural antibodies.
Due to this fact our bodies can create their own defenses against coronavirus, as it's already happening to most people in the world. Thinking this way a relaxed quarantine at this moment isn't so bad, as people have already been exposed to the virus for enough time to create their self defenses and of course, money is needed to survive, so the economy can't stop and people need to work.
However hygiene pactices are always a must with or without coronavirus and some activities listed on this thread such as prostitution aren't adviced as people are exposed to even worse diseases than corona.
Undoubtedly, after some time, the coronavirus will be on a par with seasonal acute respiratory infections and flu and can be easily carried by the majority of people. But this is a question of the future, and now the incidence of coronavirus is growing, so it is not surprising that countries are again beginning to tighten quarantine measures. I also don't like excessive quarantine measures that kill the economy, but the coronavirus infection is killing people and I'm not so sure that enough of the human population in countries has been infected with the coronavirus to develop collective immunity. Therefore, the government's measures and motives for the actions taken are also clear.
2831  Economy / Economics / Re: After elections end this year for all countries, we are all screwed on: November 09, 2020, 11:25:50 PM
I don't see much that will be different in Biden's administration. What he happened in the election is that a change of personality has happened. Trump was more of a president that talks without respecting the way it will sound outside his leaps and more of the social media type, he shook Twitter and gave it more popularity. Biden may have a different style of conversation and information, he might be the intricate type.
The real point is whoever is the American president has the citizen as top priority anyway where they are living across the world, this has not changed.
There will be some continuity, of course, because the main work is provided by the state apparatus that is constantly working regardless of the elections Wink The current elections have shown that American society is more divided than the pre-election polls showed, and Biden's victory does not look so unconditional. Therefore, Biden will have to take into account the opinion of citizens who voted for Trump, despite his extravagant behavior and manner of governing the country. But the extent to which the electorate of Trump is the top priority for the new administration we will see in the next year.
2832  Economy / Economics / Re: Is COVID-19 an excuse for governments & central banks to print money? on: November 09, 2020, 11:09:57 PM
Trillions of dollars worth of money were printed just in USA, we are talking about something global and talking about around 10+ trillion dollars printed total all around the world when you consider every single nation, there were also increase and ballooned up deficit by almost every nation as well.
They are acting like inflation didn't happen and everything is under control because the printed money was distributed very carefully but I do not agree to it, I do not believe it.
I think this printed money doesn't have any impact right now because it was used to keep things going like it used to be without interruption during a bad period which is why inflation didn't show but this money is not suddenly gone, it is here, it was used properly and didn't hurt us now but it is still there to hurt us later on in the future.
These trillions of dollars of course have not disappeared and in addition to supporting the real sector of the economy, they have also splashed out on the stock market, supporting its current capitalization. Also, some of this money is clearly present in the market, raising the price of the main cryptocurrency to the current level. And while there is no reason why this money supply will flow back into the real economy, raising inflation strongly, and then we hope that the financial authorities will keep the situation under control.
2833  Economy / Economics / Re: 1000 BTC moved after 10 years on: November 09, 2020, 10:52:53 PM
Yeah it is big money but what I am trying to say is will it have an impact in the market if it is traded in one flush? My answer is NO, Bitcoin's trading volume is reaching by the billions daily and most of that don't give a price movement more than 5%. 15 million dollars being sold won't make a dent or influence the market alone not unless other whales will help him.
In the case of a sale, the market reaction will be for sure, even remembering the past closed auctions organized by the American state and this did not spill out to the free market. By the way, it looks quite surprising that the market did not react strongly to this news. About the amount itself. I remember one story when the appointed external Japanese Manager of a bankrupt cryptocurrency exchange in Japan brought the market to its knees by selling off small parts of the remaining capital of the exchange.
2834  Economy / Economics / Re: Effective Covid-19 vaccine found on: November 09, 2020, 10:42:21 PM
Evidently it positively affected the market's weather, but I doubt this will affect bitcoin's price in any way. The virus is clearly tried to be a factor to bitcoin's downfall but has not worked so we can safely assume that what effects it may have to bitcoin will be little if none at all. Though this vaccine can upturn the economy back to normalcy and those countries that have big loans during the lockdown period like the Philippines will start to feel the effects of the loans once every other country in the planet recovers
I would not be in a hurry with such loud statements, and there was a short-term reaction in the form of a drop in the price. Let's wait a little longer, because this market is quite specific and the reaction of major players may occur with some delay. And as for the rise of traditional markets, there is a strong feeling that the market was waiting for good news and therefore there was such a reaction. It is also worth considering that mass vaccination is still a few months away, and the pandemic is raging right now.
2835  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a world power? on: November 08, 2020, 11:36:28 PM
The general world population is so fixated on the physical presence of the dollar and they fail to realize that it is already digital currency. the governments do not even have the physical monies to administer if everyone went to the banks to claim their physical money, the banks would shut down . They can't issue as much money as those digits say that the average person has in their account. The dollar is built on trust not reality. Just waiting on the inevitable new digital global shift to crypto.
The global shift to crypto in the near future is possible only if sovereign States disappear from the map of the world together with governments, respectively, because the government manages its state and economy, thanks to the presence of its own currency and the regulation of its issue and turnover. There is no control of money on its territory, there is no state. As for the withdrawal of all funds by depositors from the Bank at one time at once, no Bank can do this due to the principles of its existence.
2836  Economy / Economics / Re: This is why bitcoin HAS to go up on: November 08, 2020, 11:03:40 PM
Money have play an important role on the economy and perform several function due to these government regulates and control the money supply that are circulating on such country. Government will not print money unless its really are needed but as of the current situations of most countries due to pandemic  fiat money have been decreased its demand and this is a problem for the government. In order for the an economy to progress even on these situation the government will open a path on digital currencies and soon crypto currencies.
Well, Fiat currencies in their digital form are already quite developed in the world's leading economic powers. As for printing money, I would like to say that the representatives of the state will name thousands of reasons why such a large amount of money was printed, despite the deplorable consequences that came from this Wink Although of course, because of the pandemic, States print more money than in normal times.
2837  Economy / Economics / Re: Real estate vs. Bitcoin on: November 08, 2020, 10:51:34 PM
I don't think that real estate is declining, perhaps it is still a very good investment since real estate could've probably inceeases it's value for a long term investment. Bitcoin may increase in the long term investment, but also has the chance to lessen or decrease it's price. And real estate is probably an investment that is good for a long term because the property gets valuable in the long run.
Real estate has some relationship with the solvency of the population, economic activity in the state and may not always bring benefits to its owner in the end and also experience both an increase and a decrease in prices, but of course not on the same scale as it happens with bitcoin. As a result, it can be argued that bitcoin can bring much greater profitability in the end over time.
2838  Economy / Economics / Re: How long will it take banks to phase out physical cash completely? on: November 08, 2020, 10:32:17 PM
I couldn't agree more, behind the convenience and comfort felt by the community with cashlessness there is a nightmare of fully controlling money from the government when we carry out bad risk activities.  But if we live our life the right way, it's not a nightmare.  Unless you are doing money laundering, or doing illicit transactions, a drug dealer, your money will be easily detected.  But this won't happen any time soon I think.  Because changing ordinary things to new things, it will take a very long time even though there is an acceleration of this pandemic.
The problem is that government agencies are tempted to expand the very concept of illegal operations and it is unknown what wilds the rich imagination of lawmakers can lead to. Also, full control over money by the state leads to the second temptation, when you want to introduce new taxes and fees from the population, because there is constantly not enough money in the Treasury and this situation is chronic. Therefore, the proposed amenities may be followed by a fee after a while and there is no certainty that everyone will be very happy with this fee.
2839  Economy / Economics / Re: Second lockdown in Europe can their economy survive this?. on: November 08, 2020, 10:20:48 PM
If the lockdown continue for long time then large number of people will face economical crisis badly. During first lockdown period most of the top richest people have done well with their net worth. I have read this at many news paper and article. You can check this article about it. In my opinion only middle and lower class people will suffer much for the lockdown. But it may not affect like previous lockdown. Employer will loss their job and they will face big economical problem, businessman may survive nicely as they have gained good experience from first lockdown.
It depends on what is considered a long time. There are serious concerns that the second lockdown with different variations may last the entire current winter season, when constant partial easing of restrictions will alternate with subsequent tightening of restrictions, unless there is something breakthrough in the production of the vaccine and rapid total vaccination of the population.And some experience from the first wave may not always be a good helper, because now the time of the second wave will be longer.
2840  Economy / Economics / Re: Biggest threats to the price of Bitcoin. on: November 08, 2020, 09:45:41 PM
And I never thought this kind of ban would apply to bitcoin. Some countries may be able to prohibit its circulation and also prohibit market activities in that country for various reason. But absolutely don't think a mass ban will happen to bitcoin in the future. Still very unlikely, mate.
In my opinion, the biggest threat to the price of bitcoin is the whale, because their activity in the market often bring disaster to the price of bitcoin even though it is only temporary until the price finally recover. Then I thought, if the bitcoin we are currently using is still in the testing phase then I think it's possible to have a new, bigger idea with better improvement. This can affect the price of bitcoin, but it's not a threat as long as the idea isn't born.
I also believe that a mass ban is unlikely, because the major economic powers are engaged in printing a very large amount of money that the economy cannot digest. Therefore, bitcoin helps to sterilize an excessive amount of money supply. However, China is out of this General mass of countries with its market regulatory behavior and may act against the current trend and ban bitcoin on its territory, which may lead to a collapse in the exchange rate price for some time as a result of a mass sale by Chinese investors. But let's hope that this will not happen, because China is quite cautious in this area, not encouraging, but not completely prohibiting. About the second statement. Whales operate in the market as destructive and positively contributing to the growth of prices. I also believe that a mass ban is unlikely, because the major economic powers are engaged in printing a very large amount of money that the economy cannot digest. Therefore, bitcoin helps to sterilize an excessive amount of money supply. However, China is out of this General mass of countries with its market regulatory behavior and may act against the current trend and ban bitcoin on its territory, which may lead to a collapse in the exchange rate price for some time as a result of a mass sale by Chinese investors. But let's hope that this will not happen, because China is quite cautious in this area, not encouraging, but not completely prohibiting. About the second statement. Whales operate in the market as destructive and positively contributing to the growth of prices. It is impossible to fully insure against their actions, but it is probably not worth waiting for destructive actions from them in the near future,because they are also still accumulating.
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