Not really relevant to an assessment of operating cost since being in an accident isn't routine and part of the normal cost of owning a car. If you get in a lot of accidents, yeah, it's an obvious down side. If you get in a lot of accidents, you're also probably not the type of driver who buys anything other than total garbage cars anyway. Range is only a concern for the vast minority of drivers since the number of drivers who drive more than a couple hundred miles in a day is so small. Operating costs are superior for EVs over gas-powered cars for everyone else.
You don't have to get in a lot of accidents to be able to benefit from the low repair costs of a Toyota. Only 1 will suffice. Even if you don't crash your car ever, it is still not a good idea to get a Tesla but people will choose to learn that by the hard way it seems. I remember I was hyped af when Elon came up with Model3. TV has that kind of effect on people sadly. They can even sell you their shit if they promote it hard enough. (which is Tesla btw) My point is just that accidents aren't routine maintenance or operating costs, so it's not relevant to a discussion of which car has lower operating cost. If you want to make the argument that "if you ever get in a major accident, your replacement costs are higher," that's another discussion, and one I don't even know to be true anyhow. The forum posted in hear about Tesla owners having trouble finding places to repair their cars is over 7 years old, it's not even relevant anymore. Car accidents are a risk of driving a car. It can happen when you least expect it. That's why we have car insurances. You cannot ignore that car accidents don't happen. They happen every once in a while and if you are shit out of luck if you happen to be driving a tesla when you crash your car. The information I am talking about isn't about that. It is about Tesla wanting you to use their own repair shop and no one else. As long as this information is true, it cannot get outdated. Car accidents are not relevant to the operating costs of the car. And no, Tesla-authorized and Tesla-owned shops are not the same thing. There are undeniably far more Tesla-authorized repair shops today than there were 7 years ago. The post you cited is no longer relevant, which is why you had to resort to one from 7 years ago to try and make a point. |
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The Associated Press is reporting that US authorities have seized the ransom that was paid to the Colonial Pipeline hackers. Since the payment was made in cryptocurrency, I'm actually really interested in what they're going to say at the press conference later about how they "seized" the ransom. The U.S. government has seized millions of dollars in a cryptocurrency payment made to hackers after a cyberattack that caused the operator of the nation’s largest fuel pipeline to halt its operations last month.
WASHINGTON -- The U.S. government has seized millions of dollars in a cryptocurrency payment made to hackers after a cyberattack that caused the operator of the nation's largest fuel pipeline to halt its operations last month, a law enforcement official said Monday.
FBI and Justice Department officials were to disclose the operation at a news conference later Monday. The official was not authorized to discuss the news ahead of the news conference and spoke on condition of anonymity.
Georgia-based Colonial Pipeline, which supplies roughly half the fuel consumed on the East Coast, temporarily shut down its operations on May 7 after a gang of criminal hackers known as DarkSide broke into its computer system.
Colonial officials have said they took their pipeline system offline before the attack could spread to its operating system, and decided to pay a roughly $4.4 million ransom in an effort to bring itself back online as soon as it could.
The FBI generally discourages the payment of ransom, fearing it could encourage additional hacks.
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Bitcoin has been showing promising potential over the years. No doubt, it is one of the best coins in the cryptocurrency world. However, bitcoin isn't acknowledged as a currency yet by the majority of the countries in the world. Bitcoin being safe from hyperinflation is one of the greatest reasons why many people have invested and are starting to invest in it. Compared to fiat money that is prone to hyperinflation, bitcoin is a safe haven because the central banks can always print more money base on what the economy needs, meanwhile, bitcoin is limited.
Mass adoption will happen, but it won't be a ticket of assurance that bitcoin will conquer the currency war. The government won't allow such entities (crypto) to overtake the control that they possessed for such a long time. Government is devious. They will not let it happen. Central banks have reigned long before until today. The government will do their ways so that bitcoin will not easily dethrone fiat.
It's not about being devious, it's about being able to control what you need to in the economy to respond to economic disasters. The reason we got off the gold standard was that it wasn't versatile enough to allow the government to create fiscal policies that spur economic growth, and an economy based on bitcoin would suffer the same consequences. We are undeniably better off as a national economy since we abandoned the gold standard, and it's only amateur economists and crack pots who talk about returning to the gold standard. |
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Despite the big drop, bitcoin has now $667B in its market cap. But nevertheless, it's still one of the quickest and best asset that we've got in our time.
People who have been looking to the recent drop of bitcoin and starts to speculate negatively about it, don't really look from where bitcoin started and how it had conquered all of those negative and bearish days.
Anytime the price of btc drop like this, market sentiments will kick in, some people have very little faith and too pessimistic to have the courage to hodl, Some of us should already understand how the market operates, price can not stay up for too long neither will it stay down for ever, this is what separate long term hodlers from quick profit takers. That's not what it's about, it's about safety. If you really think that bitcoin was fairly priced at $60,000, then you should be investing every cent you have right now in bitcoin and should never quit buying until it's at that price again. Otherwise, you have to admit you don't know what fair value actually is, just like nobody else knows what fair value actually is. Bitcoin's price is pure speculation, and "investing" in it is nothing but gambling because there's nothing that drives the price other than everyone's perception of what it should be worth. That's the opposite of investing. |
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As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?
Electronic payment systems are not the same thing as digital currencies. China is trying to push a digital currency, and if it proves successful it is likely the US will eventually respond with a digital dollar of their own. PayPal, Square and other digital wallets are not actually digital currencies, they're just electronic payment platforms denominated in whatever currency they're transacting in. |
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Regulation is much needed. But when these regulations go as far to sacrifice the privacy of the individuals involved we have to ask ourselves: "is the government doing what they are supposed to do ?" Yes they are supposed to hold such people accountable but at the same time they are also supposed to make such laws that are not only good for the government but also the people involved in the crypto world too. The taxes are discriminatory.
It should be taken into account and a reasonable amount should be implemented to the public otherwise they will for sure do such things.
What Biden is thinking of doing would not be implemented for sure. The government is already gaining huge taxes and sums from these things, why are they trying to make the crypto community hate them ? Make reasonable taxes then maybe those people would not hide.
Sounds like you answered your own question. "Is the government doing what they are supposed to do?" Enforce the tax laws? Yes. The only people complaining about the privacy of crypto are those trying to dodge taxes. There is no privacy in any of your earnings because your employer is required by law to disclose your earnings to the government. Crypto isn't a magic land where the tax laws suddenly don't apply, no matter how much tax dodgers want that to be the case. |
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>>
>Stock market is a different gamble compared to crypto market. One can be a millionaire within just a few months through great timing and proper holding in crypto
that’s exactly happening, dogecoin are making a few millionaires which is indisputable, none can be said with stock market
>while in the stock market, their fortune would rely on many people first before the stock rises. Considering the occurence of the pandemic, the stock market went down real hard ever since and many people took the opportunity to buy stocks while it is still low. If ever things get better for the world in the next few months or years, those who handled their stocks well can be millionaire easily in just a matter of short span of time.
if there is one entity who get rich from stock market, I’d said it’s the central bank who buy up every out of money stock market from the open market, individual investor, they couldn’t buy anything with the stimulus check given to them which is just too little to make any sense. Central bank buying up the stock market do not make any new millionaire in the process, because central bank is not a living creature, they are a company.
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>do not know what could have made the OP think that something like this is remotely possible, yes this market is getting more popular by the day and that is great thing but that does not mean the stock market is not going to keep helping people make money,
is it not too obvious to tell many companies going out of business recently? They’re not making millions but they’re going broke, going to zero, going to make a lot of poor people since many people loss their jobs.
>in fact one of the reasons this bull market went so high and lasted for so long has to do with institutional investors which come from the stock market, so it is obvious both markets are reinforcing each other and I think this is going to continue for a long time.
they are moving out from stock market because they have given up on making profit, isn’t it very obvious??
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>In a season like this, I would assume that there would be some new millionaires made from this. There has been a good amount of stocks that made a good amount of profit during this period,
I’m still waiting for new millionaires created and their inspiring story of how they made it from zero to hero during this pandemic, I hope it is not just a make up joke to mock clueless investor.
>tesla and amazon comes to mind as the most big earners but I am sure there has to be some big pharma companies that made a lot of money as well.
who is the millionaire that come from investing in Tesla and amazon? I think they’re only making billionaire richer, which is a rigged outcome, rigging to make the billionaires richer but not creating new millionaires in the foul play, isn’t it obvious?
>This is why I think it is going to be really cool to see who made how much but we are talking about few hundred thousand dollars turning into over a million dollars thanks to stock increases in most of the big names.
there is none of them, nobody is talking about the recent bull run.
>Surely there has been a ton of companies like airlines for example that didn't made any profit at all and that is why I do not think that it would make a difference, some lost some money and some earned some money and there were few that lost almost everything and some lost everything they owned.
too many businesses are going broke, it clearly doesn’t create any new millionaires, making billionaire richer in a rigged manner, is not how a new millionaire is created, new millionaire don’t come from rigged market.
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>Other than that, it's hard to be a new millionaire since the price doesn't went up that drastically now.
>Unlike before, when bitcoin is like... really low then suddenly went as high as it can, and many people forgetting about their coins too, which made them become millionaire without even realizing, or without any effort.
this is exactly how new millionaires are created, without rigging the market. You can’t said the same for stock market, which is obviously rigged, rigged to make no new millionaires in the process.
>But now, things change. I guess when the price skyrocketed back in january through march, it might be possible that new millionaire might appear, since the price was really crazy. However, it will be less likely than few years ago.
there is new millionaires made from dogecoin, I believe some from nft too.
Jfc, all of the responses in this post are demonstrably wrong. 'No millionaires in the stock market' is such an obviously dumb and self-defeating statement it doesn't even require proof, just to point out how wrong it is because you have to be an idiot to believe otherwise. 'Tesla and Amazon don't make anyone money except the founders' is the same type of obviously self-defeating statement. It's obvious you don't know anything about the stock market and just want to circle jerk to crypto, so good luck being taken seriously. 'Wah wah, everything is rigged except crypto.' You're a clown. |
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The point of the post is to contrast "Tesla is a profitable company" with the fact that Tesla is not a profitable automaker. Tesla was profitable because they sold tax credits from the government and crypto, they lose money on the production of cars still.
That unfortunately gives rise to a few questions. Can the governments afford to pour billions into Tesla. And with other automakers entering this sector, there is a chance that the tax credits will be divided up by them as well. From what I have heard, Tesla hasn't made any major technological innovation for the past 4-5 years. Their battery technology remains the same, and the affordability of their vehicles haven't improved. Everything has remained stagnant and that has opened some space for their competitors. What billions does the government pour into Tesla? The company is funded by debt and securities sales, just like every other capitalist enterprise. The government doesn't own any of Tesla as a company. Tesla has made innovations, it's just never as good as they hype. Battery tech is incremental and not the improvements you're lead to believe with events like "Battery Day." The affordability of the vehicles has definitely improved over time too as they've scaled. That said, I don't believe they'll command the EV market share they have now in the future, which is why I'm not a Tesla investor. The stock looks obviously overpriced. |
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And also whether they have purchased any new coins in the second half of May.
As a long time Elon Musk admirer, the only way he could gain some respect to me, is only if at the EOQ TSLA earning call it turns out they actually bought the fuc*ing dip Elon caused himself. Manipulation of an unregulated market at his finest. If he bought the dip that he caused, that would be manipulation. First, I don't believe he's as influential with Bitcoin's price as everyone makes him out to be (and if he is, that's a far larger problem that everyone is such a sheep), and second, if he was actually trying to manipulate the market (which I don't believe he is) it would be more problematic for him to act on it than just to manipulate it because he's an egomaniac. |
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I don't se this tax gain getting passed in the Senate, to me it is just to make noise because of the campaign promises he made during election campaign. I read somewhere that some of these Billionaires are getting divorced because of this coming Capital gain tax to protect themselves, rich people are not stupid and if it happens to pass, they will find a loop hole around it
They have alread found a way to avoid these taxes legally because they have almost anything at their disposal, from artworks that can be used for tax write offs, to donations to charities and other shady ways they can evade taxes legally. Generally, if you're donating money to charity, you don't have the money in your possession anymore, so you're not evading taxes by using the donation to lower your tax burden. This isn't a loophole, that's literally the intended purpose of charity tax write offs. Also, you can't buy art to dodge taxes. There's no tax write off for buying art. |
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~ why exactly do we owe taxes on crypto-earnings to the government??
I'd really like to see some viewpoints on this. Bitcoin and crypto is something that the government has played zero role in. It is those of us working behind our screens that have given value to these currencies. Now that they appreciate and people get benefited from this economy that they have created without any govt help, why does the government deserve our taxes??
This is a good question. From where I am from, there is a law that income (whatever form) derived in and outside of the country are subject to tax unless it's specifically stated that it's exempt. I'd like to think that the infrastructures built by the State agencies (or private companies they partnered) that helped us set up our own accounts/equipment/machines to trade/mine crypto as reasons for this. For the same reason you owe taxes on all your other earnings. You're a citizen of the state, you make use of the safety the government provides and the services they offer. If if you choose not to, you can at any time by right. It's part of the implicit social contract- to have a stable and peaceful society you need a government and first responders and a healthcare system and a judicial system, etc., and the citizens have to pay for that. |
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Getting some distinct deja vu here. Didn't we basically have this same topic three or four years ago? I'm sure I remember someone saying the same thing a while back. Will do some digging... //EDIT: Yeah, I'm just remembering it was Gensler that said it in 2018, but it's behind a paywall now: https://www.nytimes.com/2018/04/22/technology/gensler-mit-blockchain.htmlSo same opinion, but the difference now is he's in a position to act on it. What's interesting is Jay Clayton while the chair of the SEC turned down every application for a bitcoin ETF. Now that's he's left the SEC, he's accepted a role as an adviser to a company that is - get this- submitting an application for a bitcoin ETF. Either he suddenly believes there should be a bitcoin ETF, or he'll do anything for money. Just like all those republicans who oppose marijuana legalization while they're in Congress, and then when they're voted out they take board seats on companies pushing for legalization. From the playbook of use the government to obstruct progress until you can personally profit from it. |
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but more importantly protect investors from those not following the laws.
This is the sensitive point. I didn't see much more than just telling that this or that is not OK. No fines, no nothing. There have been plenty of fines, I think you just haven't known where to look for them. Here's a list of 70+ "cyber" related enforcement actions just recently. Some of these actions are related to cyber issues other than crypto, but most of the entries in this list are crypto fines: https://www.sec.gov/spotlight/cybersecurity-enforcement-actions2. No, the SEC doesn't lose it's mandate to protect investors because technology moves fast.
Nice answer, but far from the topic. Ethereum came live in 2015. SEC was telling about it in 2018. "technology moves fast"... but 3 years is a lot. No, the answer is directly on point. You break the securities laws in a highly visible manner and the SEC will eventually get around to you. The republicans slash the enforcement arms of the government to the bone whenever they're in power, so sometimes it takes awhile. Three years is not a long time for highly complex securities cases, which crypto clearly is because it's so new. It took a long time for the SEC to determine that ICOs fit the definition of securities offerings, and so now you're seeing the deluge of enforcement actions because of that, as evidenced by the link posted in the first response above. In short, the onus is on anyone issuing a token to follow the securities laws. Anyone selling tokens to the public to raise money to finance a project is selling unregistered securities.
And what are the consequences for selling them unregistered? Because that's the bit I feel like it's missing. I've basically seen none...  See the first response, there may be more besides what's listed there, but that list in the first response is extensive. |
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The fact TSLA is valued more then all the auto manufactures combined is absurd. You're naive to think big auto is just going to sit on the sidelines. Big auto has the infrastructure and production lines to mass produce fully electric vehicles for a fraction of the cost of a TSLA, something TSLA will never be able do. Ford is already leading the charge with the F-150 Lightning and converting old factories into fully electric vehicle production plants. TSLA is just as overhyped as Elon Musk.
I do not think that there is this "big auto" that can stop him, or stop tesla because if there was one they would have already done that too long ago. However I think the appeal of Tesla is not about electric anymore, it is about brand, kind of like Steve Jobs made apple into because we all know that you could get a much better computer for the same price but people still do end up with mac, if it is about your work I could understand but people do it for show purposes and for the brand name as well. Tesla is sort of like that, or becoming one at least, there are better cars out there for electric and much cheaper, there are cars one third of their price and it is still electric and it still goes, is it better? Probably not but hey it does the job and its very cheap, yet for some reason people still go for Tesla, why? Because, it is a symbol, it is basically a life style item if you can afford one. There's probably a little something to this in that Tesla has established itself as somewhat of an aspirational brand. As hard as I am on Tesla, I have to concede that currently there really isn't anyone making EVs as good and cheap as Tesla. There are better, and there are cheaper, bot not both. The cheaper EVs are rather ugly, and the better ones are rather more expensive due to the scale each are produced at. |
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2. Republicans are unlikely to win the 2024 elections.
With the weak leadership from Sleepy Joe: border crisis, energy crisis, middle east crisis -> people will look for 2024 MAGA  That said, maybe Trump will revise this tax policy, so you guys can cash out in 2024. Not a financial advice obviously  I think he stands the chance of doing so and trumpism only works if there is fear of the supporting masses. Republicans are motivated almost exclusively by fear, so there's no shortage of things Trump our any other demagogue would be able to exploit and rally the feeble-minded around. The thing that drives republicans now is their fear that they're being replaced in the economy and losing economic and political power, which is why they fight so hard to undermine democracy now. When they say "make America great again" they're necessarily invoking a time when white people had more political power. They're so threatened by actual democracy they'll storm the the capital in an attempt to stop it. |
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Can anyone imagine a scenario where nations of the world sacrifice state sovereignty to pander to this proposal of global tax initiatives. Would every nation in the world willingly abandon their right to government themselves and bow down before the united states, Joe Biden, china or any central authority figure?
Spoken like a true tax dodger. Of course you have to misstate the facts because if you presented them accurately it would be obvious how much sense this proposal makes. The US has proposed sharing information on foreign nationals operating in the US in exchange for foreign governments doing the same thing about US citizens operating in their own countries. The shared goal is that the nations sharing information would allow them all to crack down on their own citizens dodging taxes through foreign crypto dealings. It's such a no-brainer it begs the question why you're so threatened by it you have to make up fantastical stories about what it is. Does anyone support this as a first step towards a one world government someday becoming a reality?
No, this has nothing to do with one world government and anyone continuing to spout such conspiracy theory nonsense doesn't deserve to be taken seriously. I think we saw the blueprint for how this will unfold in the history of net neutrality. Many years ago John McCain proposed a bill known as the internet freedom act, which would have killed net neutrality. That bill failed. And another attempt to kill net neutrality was made. And another. Adjustments were made. Until finally they succeeded in killing net neutrality. I think these attempts at establishing global tax initiatives and perhaps a global one world government will be the same.
Lol, no. |
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Not really relevant to an assessment of operating cost since being in an accident isn't routine and part of the normal cost of owning a car. If you get in a lot of accidents, yeah, it's an obvious down side. If you get in a lot of accidents, you're also probably not the type of driver who buys anything other than total garbage cars anyway. Range is only a concern for the vast minority of drivers since the number of drivers who drive more than a couple hundred miles in a day is so small. Operating costs are superior for EVs over gas-powered cars for everyone else.
You don't have to get in a lot of accidents to be able to benefit from the low repair costs of a Toyota. Only 1 will suffice. Even if you don't crash your car ever, it is still not a good idea to get a Tesla but people will choose to learn that by the hard way it seems. I remember I was hyped af when Elon came up with Model3. TV has that kind of effect on people sadly. They can even sell you their shit if they promote it hard enough. (which is Tesla btw) My point is just that accidents aren't routine maintenance or operating costs, so it's not relevant to a discussion of which car has lower operating cost. If you want to make the argument that "if you ever get in a major accident, your replacement costs are higher," that's another discussion, and one I don't even know to be true anyhow. The forum posted in hear about Tesla owners having trouble finding places to repair their cars is over 7 years old, it's not even relevant anymore. |
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When the price of bitcoin at the low value.You should buy as much you can.Because the bubble will surely happened in the bitcoin market.So it will bring you some good profit.You should wait for the bubble.You should not sell at low price,for the demand of money.It will eaten your profit in a short period.
Why do people call it bubble when it recovers when it crashes and it didn't even pop in the first place, I think that calling bitcoin a bubble is a pretty stupid idea since bitcoin is still going strong, maybe when we see it crash to a negative, maybe that's when we will call it a bubble but I highly doubt that it will happen. I mean, a crash from 60,000 to 30,000 certainly suggests it was a bubble if it doesn't very quickly go back up to 60,000. We're far past the point now where any recovery would have proven it wasn't a bubble. We still can't get above 40,000, so there's nothing in the numbers that currently suggests it wasn't a bubble at 60,000. Even if it eventually gets back there, the numbers still prove out the bubble argument more than not. |
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All this points of yours really needs debate, saying that centralized currency is far preferable than decentralized currency, i think these really need more explanation or insights, it's accepted that centralized currency come into existence before digital currency, which digital can be decentralized currency, because looking at the current situation of nature it's obvious that people uses the digital system of payment which might be cryptocurrency and especially Bitcoin, so it's left to individual to decide for a means of payment, so am disputing the fact that fiat currency is superior than crypto, automatically it depends on the environment we found ourselves for transportation, many people currently accepts crypto because they use it for investment within short period.
So those are my two points- 1) centralized payment systems are faster and cheaper than bitcoin, and 2) centralized payment systems make cash a far better medium for exchange. Let us face reality and make a positive point towards this, because, if i may as ask, in what function centralized currency is faster or superior than decentralized currency? Secondly you said that fiat is preferable for exchange than decentralized currency. So i stand to refute the point of exchange, when we say decentralized, automatically we are emphasising on cryptocurrency and directly to Bitcoin, so globally no exchange of any form that can no been done with Bitcoin, except that the environment is adamant or ignorant of digital facility, currently Bitcoin is used for so many exchange's in different countries. It takes 60 minutes for a bitcoin transaction to be confirmed. A centralized payment system like Visa, PayPal, Square, etc. is final in a few seconds. It is literally several thousand times faster than bitcoin. The speed is so vastly superior in centralized systems I wonder how you even need an explanation about that. Also, small transactions are prohibitively expensive in bitcoin. It's also so obvious it doesn't need further explanation. Centralized systems are so vastly superior to bitcoin in speed and cost that it's not even debatable. |
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6 TRILLION U.S. DOLLARS! That’s Biden’s plan. The proposal, if approved, will be for the fiscal year of 2022 and will he the highest in federal spending since World War 2. For Bitcoin, that will extend the current bull market. The crash we just experienced? It’s a GIFT! During times of extreme fear in the market, Buy the dip, and HODL.
Trump's last budget while in office was 4.8 trillion dollars, so a 25% increase that goes towards actually investing in transforming the economy seems pretty reasonable when put in the proper context. The emphasis on infrastructure and renewable energy is going to create a ton of well-paying and lasting jobs as the economy transforms and catches up to other economies that have already focused on greener energy sources. Looks pretty reasonable to be focusing on initiatives that benefit the middle and lower classes for once. |
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