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It's my opinion that the decision to move away from fiat will depend on a variety of factors, including economic conditions, technological capabilities, and political will. While geopolitical factors and power dynamics can play a role in a government's reluctance to abandon fiat currency, there are also practical considerations to consider because currencies fiat provides a level of stability and predictability that many governments might desire.
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There are several key things you should have in place before starting a business to increase your chances of success. Here are some suggestions:
A business plan: A comprehensive business plan can help you identify potential obstacles and create a roadmap for success. Your plan should include a market analysis, financial projections, and a marketing strategy.
I Think i like this point, where a well-crafted business plan is an essential tool for any entrepreneur. It provides a roadmap to help us navigate the complexities of starting or growing a business. A comprehensive business plan should include a market analysis that identifies the target market, competitors and potential barriers. Financial projections are also important because they help us understand the cost and revenue stream of our business and our marketing strategy is another important component, because it outlines how we plan to promote and sell our products or services to more likely attract investors, secure financing and increase opportunities. |
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I think the government should also take steps to improve taxpayer compliance, such as increasing public awareness of tax regulations and simplifying the tax reporting process. This can help reduce tax evasion and increase revenue for the government, which can then be used to benefit the rest of society.
Government is not after of what that will bring good for people, what Government is to accumulate their revenue, that is while sometime they don't like do things that will profit the masses, in some African countries theirs no tax but the government is surviving with good responsibilities, so it depends government who can not protect the interests of her people. While it is true that some governments prioritize revenue collection over the welfare of their citizens as you demonstrated in African countries, it is important to recognize that taxes are a fundamental source of funding for public goods and services. Without taxes, the government would not be able to finance infrastructure projects, education, health and other essential services that benefit society as a whole. In addition, tax compliance is necessary to maintain the integrity of the tax system and ensure that everyone pays their fair share. While there may be room for improvement in the tax reporting process and public awareness of tax regulations, it is ultimately the government and taxpayers who are responsible for working together towards a fair and efficient tax system. |
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We should go through old age with happiness, but there are still many parents who are busy making money and it seems that the burden of living is increasing, it's only natural that many parents sell assets because when they're old it's very difficult to make an income, but we must always remind you that when you're old you have to have good preparation by investing so you can get passive income.
Yes, it may be especially true. The idea of living old age happily is something we all strive for, but financial pressures can make it challenging. Many parents find themselves working hard to make ends meet, selling assets to support themselves in their old age. However, it is important to remember that proper preparation is the key to a comfortable retirement. I think Investing in assets that generate passive income can help relieve financial stress and provide a steady stream of income during retirement. It's important to start preparing for retirement early, prioritize saving and investing, and seek advice from a financial professional when needed. With proper planning, we can all look forward to a happy and comfortable old age. |
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Most of us keep our bitcoin and crypto in wallets stored in either iPhone or Andriod phones. Even we have an exchanges accounts app on our mobile phones.
Since, iOS offer better security and low chance of malwares etc, is it better to buy an iphone to store our crypto or even an Andriod phone is enough for this purpose?
Yes, As we know most of us store cryptocurrency in wallets stored on mobile devices and With iOS offering better security features and lower possibility of malware, Well the question arises whether one should buy iPhone to store their crypto or if android phone enough for this?? While it's true that iOS devices are generally considered more secure due to the closed source operating system and strict app store policies. Android-based smartphones have also proven to be more secure due to the use of an open-source operating system and the ability for users to change security settings. I think the security of Bitcoin storage ultimately depends on the individual behavior of users and the precautions they take and iOS and Android devices offer encryption features that can be leveraged to protect sensitive data, such as cryptocurrency wallets. Additionally, using a reputable wallet provider, enabling two-factor authentication, and keeping your device's operating system and apps up to date with the latest security patches are important steps in securing your Bitcoins. |
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Yes, I think this is good news for the Bitcoin industry, because it shows that sustainable solutions can be used to mine while prioritizing environmental sustainability in the mining industry, and the success of TeraWulf's Nautilus facility is a step in the right direction.
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 I think initiatives like these are highly interesting There are also some big names and companies involved when it comes to teaching and funding. But I have a split opinion on that. We don't know whether there are certain conditions tied to those fellowships, but when El Salvador launches the initiative to educate high profile blockchain infrastructure developers, what is the chance that they go abroad rather than stay in El Salvador? Or does it even matter if they go abroad, since there is still some promotional effect when they talk about their education and where they received it? I am not fully aware of the exact plan that El Salvador has. As far as I understand they intend to attract business and workforce to El Salvador. I get the business point of view for potential tax advantages. So the strategy could be that they attract businesses through financial incentives and in turn these businesses would then be able to pay competitive salaries to the guys who are now getting education on the highest level. Does that make sense? Any opinions on that? As I understand it, El Salvador's goal is to attract business and labor to their country. This can be achieved by offering financial incentives to businesses, allowing them to pay competitive salaries to a highly educated workforce. From a business perspective, this makes a lot of sense, given the potential tax advantages to be gained by operating in El Salvador. If one makes an important point here, even though there are concerns and unanswered questions surrounding El Salvador's decision to make Bitcoin legal tender, this remains a pioneering step that puts the country on the map as a player in the world of blockchain technology. It remains to be seen whether or not this will be a success, but one thing is certain the potential advantages and disadvantages of this decision will be discussed and debated for a long time to come. |
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Yes, it is also important to monitor economic indicators and consider potential risks in the market. I think it is always wise to approach investing with caution and seek advice from professionals with expertise in the field as the other possibilities and impact are influenced by many factors. These factors include but are not limited to consumer spending, inflation, employment, GDP and interest rates. While some economic indicators may point to a possible recession, it is important to consider various sources of information and seek expert guidance before making any investment decisions. As always, investors should diversify their portfolios and prepare for a potential economic downturn. |
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Yes, starting a business can be a daunting task, but having the right essentials can make the process smoother and increase your chances of success. Some of the essentials for starting a business include a clear business idea, comprehensive business plan, adequate funding, legal and regulatory compliance, support network, marketing strategy, strong online presence, and a team.
By ensuring that you have these essentials in place, you can create a strong foundation for your business and set yourself up for success and I also believe that starting a business is a journey, and it takes time and effort to build a successful business.
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If you have to spend your Bitcoin to stay alive, do spend it, you will get another.
Yes, agreed..The importance of living life to the fullest, as time is not on anyone's side although Bitcoin and other cryptocurrencies may offer financial opportunities, it is important to remember that life is limited and taking care of yourself and your loved ones should always come first. |
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I think Hong Kong's decision to legalize retail crypto trading is a significant step that signals a friendlier regulatory environment for cryptocurrencies. This contrasts with China's ongoing ban on cryptocurrency trading and shows Hong Kong's desire to position itself as a hub for digital asset trading.
For the United States I think there are concerns about the potential for the introduction of government regulations that could negatively impact the cryptocurrency industry. Nonetheless, some experts believe that the US government's approach may not be as harsh as feared, and that the industry will eventually adapt to the new rules introduced.
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I had been hoarding some bitcoins for a long time. But today I was forced to sell that bitcoin for family needs. Tried a lot but could not manage the required money. Maybe nearing a bull market I sold my bitcoins. I am having a lot of trouble selling this bitcoin I have built up over the years. I am grateful to this bitcoin forum because if it wasn't for this bitcoin forum today I might not have found a solution to my need.
It is unfortunate that you have to sell your bitcoins to provide for your family but for me it was the best decision you have made. However, it's important to have a backup plan in case an emergency like this occurs. Investing in bitcoins can be a good long-term investment strategy, however, the value can fluctuate a lot. Don't forget that financial risk should always be considered before deciding to invest in bitcoin or any other asset. Hopefully your family's needs are met and you can continue to rebuild your bitcoin portfolio in the future. |
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It's a great development and it shows that bitcoin's growth and demand is skyrocketing. Yet I still see many people saying that bitcoin is growing too slowly. I don't know what they're thinking, maybe they want 8 billion people in this world to use bitcoin, it's never going to happen. But one thing, I haven't seen a Bitcoin ATM in my country yet.
The bitcoin ATMs are much but most counties don't want them because they think it is a scams, maybe in the future it can get up to 10 or 11 billion people will invest their incomes in them. While it is true that the number of Bitcoin ATMs has increased globally, some countries are hesitant to accept them due to fears of scams and scams. However, as awareness and understanding of cryptocurrencies continues to grow, it is possible that more people will invest in them. I think it's hard to predict how many people will use it and it definitely depends on a lot of things but logically with a global population of around 7.9 billion, getting to 10 or 11 billion people would be impossible. |
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Here's an overview:  We are still earlyAfter the last Bitcoin block reward halving in May 2020 from 12.5 BTC to 6.25 BTC per Block, we will see a new halving in 2024 (estimated April 2024), reducing the Bitcoin block reward from 6, 25 [ btc] (actually valid) to 3.125 BTC per block. And to be honest, we have to admit that 3,125 BTC per block is ridiculously low: The Bitcoin halving reminded everyone once again how scary Bitcoin really is.  So, an important reminder to everyone how close we are to the Bitcoin Halving. Only 1 more year.  What I've noticed Regarding Bitcoin's partial reduction of the block reward coming later in 2024, where the reward will be reduced to 3,125 BTC per block is a reminder of what Bitcoin's scarcity as an asset means, The supply of new Bitcoins entering the market is reduced, leading to increased scarcity and mark. So what to do Keep an eye on the halfway countdown and get ready for a financial future with significant returns in the foreseeable future.
When mining rewards get much lower, will that also decrease the halving effect on prices and trader sentiment?
Halving events are expected to impact the Bitcoin price, as it reduces the number of newly mined coins entering the market. While lower mining rewards may mitigate the immediate impact of the halving, it is still expected to have a significant effect on market sentiment and prices. Traders and investors should remember that Bitcoin's scarcity is a key factor in its value, and halving events play an important role in maintaining that scarcity. Therefore, even though the impact of halving on price could be mitigated by lower mining rewards, it remains a significant event for Bitcoin's long-term value. Maybe some people still see the decline in this imbalance as a negative thing, this is actually the pressure of limited supply of Bitcoin and it's getting harder to mine it. With only a year left until another fraction of a year, it's important to remember that Bitcoin is a scarce asset, with a total supply of 21 million coins. Yes, the halving is about to happen and take action to invest in Bitcoin now. |
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Bitcoin is a technology that makes our life easier. It does not melt in the face of inflation like fiat currencies. It frees us from the bondage of banks, as it allows us to transfer money without the need for third parties. It has great features.
- However, despite being a new technology, it has very high energy consumption. However, everyone would like it to consume less energy.
What do you think about the subject? Can you share some enlightening information for me?
That true, Bitcoin has many advantages as a currency, such as decentralization and resistance to inflation but there are still challenges to overcome before it can become a global reserve currency. Its high energy consumption and volatility are concerns that need to be addressed, and it lacks the backing of a government or military force. Ultimately, time will tell whether Bitcoin can overcome these obstacles and achieve its potential as a truly global currency. |
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My opinion, Make sure to keep an eye on the market and don't get too carried away by excitement. After all, investing can be a rollercoaster ride. By Taking out a loan and borrowing from your uncle to buy Bitcoin, It's like talking about living on the edge.
But, It's true, sometimes we have to take risks to reap the rewards, right? And with a profit potential of 100% to 500% in just two years, I thought it might be possible but I like your guts and you've just made a smart move. So buckle up and enjoy the ride!
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that's how banks work to get money,
provide services for a fee.
but I understand what he's doing, and I'm going to be neutral on this.
if the bank does not charge such fees, how does the bank pay its employees, how does the bank replace funds whenever there is a loss (such as a borrower running away and not paying), and that all must be taken into account.
Service fee is probably the least source of income for all banks so they have enough to cover salaries and wages. It's not easy to get a loan you know. Banks usually ask for a collateral from large borrowers do they not? That means they are really not at a loss when a loan is defaulted. They also have a lot of ways to collect even if it's non-collateral like utilizing collection companies. indeed, if you want to borrow money from the bank, you are always asked for a guarantee commensurate with the loan, and it is mandatory to do so. here I will tell you a little about people around me who have borrowed money from banks. my neighbor borrowed money from the bank, with a guarantee of motorbike ownership certificates. If the motorcycle is sold, the price ranges from 3,000,000 Rupiah, if in dollars it is around $ 200.48. and all went well, the borrower also got the loan of 3,000,000, with an interest of 15%, and with installments of three years. after three years the borrower finally paid off the debt. and didn't wait for a while, the bank immediately offered a second loan to this customer/borrower, and this time the bank offered a direct loan of 15,000,000 if you put it in dollars around $1,000.39. With the same interest, three year installments, the same collateral i.e. the motor vehicle ownership certificate, and the motorbike if sold is around 3,000,000 ($200.48). why is the customer being offered a direct offer with a larger loan? because the customer is smooth in paying monthly installments. but what happened when this second loan was that the borrower was not smooth in paying, he was in arrears for almost five months without paying, even though the installments had only been running for seven months. and the bank was forced to confiscate the collateral for the motor vehicle ownership certificate along with the motorbike, and the borrower with that has nothing to do with the bank, the point is paid off with the guarantee. the question is whether the bank did not lose, lent 15,000,000 ($1002.39) and the borrower was not smooth in its payments, and only got a motorbike that cost 3,000,000 ($200.48) with an additional two months installment. Obviously it is a loss on the part of the bank. that's one customer, imagine if 100 to 1000 customers, that's quite a loss for the bank. It seems to be a common practice for banks to require collateral equivalent to the loan when borrowing money. However, the cases presented here show how banks end up losing money despite having collateral. While it is true that banks offer larger loans to customers because of their smooth repayment history, the borrower's failure to make payments results in the bank seizing collateral that is only worth a fraction of the loan. In my view, if this happens to a large number of customers, it can indeed result in a sizable loss for the bank. |
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