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Consumer inflation in the US will increase,but it won't become hyperinflation.
Going from 1,8% to 2,3% is not a big deal.The real inflation will happen in the US financial markets.
Economists and businessmen in the US were expecting growing inflation over the last 10 years.Such big inflation never happened,but the people keep talking about the US dollar doing down,in terms of value.
Another interesting question is will the USA "export inflation" like they did back in 2011,when the increased levels of inflation in the middle east,combined with increased poverty and unemployment caused the revolutions in Egypt,Libya,Tunisia,Syria and other countries.
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This proves that Americans are more interested in Bitcoin and they have spent more money investing in equipment to mine Bitcoin. This is out of need and I think that is normal. The Chinese miners have saturated, did not expand their facilities or updated new equipment for their Bitcoin mining plants.
Miners in the US come later and they can buy more modern equipment and mine Bitcoin more efficiently.
How do you know that Chinese miners aren't expanding their facilities and updating their equipment? Did you travel to China,in order to inspect their mining facilities and hardware?  From where the US miners will buy their mining equipment?AFAIK,Chinese companies are producing most of the crypto mining hardware. I don't really believe that mining in the US will be more effective compared with mining in China. The electricity costs,real estate prices and labor costs are bigger in the US,compared with China. I'm not advocating on Chinese miners.The biggest problem with Chinese miners is the government of China,which is kinda unpredictable and we don't know when the government will try to shut down all crypto miners. |
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It is obvious that world billionaires are indicating interest into bitcoin of late ,for instance Elon Musk twitted that you can now purchase his Tesla cars with bitcoin, is he trying to hod bitcoins so it will be scarce then he control and dictate the price of the market or is it for the good of bitcoin that we have been expecting ,what do you think
Elon Musk is not "world billionaires". He is the richest man in the world,but he doesn't represent all billionaires around the world.There are many billionaires,like Warren Buffet and Charlie Munger,who hate Bitcoin and will never embrace it.Most of the billionaires around the globe are neutral towards Bitcoin.They simply aren't interested,or they know something about BTC,but they don't want to buy Bitcoins. I don't believe that Elon Musk can control the market and dictate the BTC price.He has influence over the crypto market for sure,but control and influence are two completely different things. |
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All the theories about quantum computers and Bitcoin are nothing but FUD... Quantum computers are simply being used as a "scarecrow" by all the FUDsters and Bitcoin haters. "Don't buy Bitcoin,because after X amount of years,a quantum computer will destroy the Bitcoin Core blockchain and your Bitcoins will be gone."This is the main narrative. There are two things to be considered: 1.The Bitcoin Core blockchain is not static and can be/will be improved. 2.A potential successful attack will crash the Bitcoin price to unprecedented lows,which makes the attack unprofitable. Two 2 factors make a possible quantum computer attack pointless. By the way,I'm not an expert in this topic. |
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May time we forget that there are millions of people out there that do not have access to any type of banking. I am speaking of millions that do not geenrate a recurrent income, do not have access to credit and have their lives quite limited for that fact.
One of the possible advantages of having digital currencies that are recognised by strong central banks and can be moved digitally is the possible access of all this people to a system of storage, exchange and maybe even credit through the digital official coins. I can only begin to imagine how huge can be the economy enabled by these initiatives if bitcoin alone has already taken a preeminent place in a few countries such as Nigeria, Myanmar, Venezuela, ...
A vast majority of the "unbanked" people don't use bank services simply because they are poor. They don't have money to deposit in a bank account.They don't have a stable 9/5 job or a collateral,in order to get a bank loan.Not having a PC and internet connection is another big obstacle.Poverty is the main reason why the people are "unbanked". CBDCs cannot solve their problem,because CBDCs can't help them escape poverty. Unfortunately the crypto industry cannot help those people,because it doesn't create enough jobs for people with low qualifications. |
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I'm really sorry about your misfortune with cryptocurrency mining.
I guess that your biggest mistake was quitting your job.Having a cryptocurrency business should be a side hustle,until it gets big enough to generate a sufficient income.Not having a job and investing everything in one business is a huge risk.That's why most small businesses fail in their first 3 years of existence.
The crypto world was really unstable and filled with crypto exchange scams back in 2010-2018.
I hope that you are going well and you will get out of this depression.
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What's the point of football clubs paying their players with Bitcoins?Do the clubs get any benefit from that?
I don't see any benefit from such move.It would be way better for the football clubs to just buy lots of BTC and HODL them.Many football clubs have problems with debt,so having an asset that gets more valuable in the long term is a way to make more money and payoff their debts.
If the football players want to adopt Bitcoin,they could just buy BTC with their fiat salaries.
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Is he the new John Mcafee? This is just bullish wishful thinking.The price will never hit 1 million per BTC.Let's be more realistic and stay in the 100K-200K USD frame,when it comes to bullish price predictions. I don't know what force would pump the BTC price to 1M USD?I can't imagine such financial power. The US federal reserve buying Bitcoins?China buying Bitcoins?Global mass adoption of Bitcoin as a reserve currency?All 3 options seem pretty unrealistic. |
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Damn,I forgot that I have a Yobit account.I haven't logged in for years. I was messing around with Yobit back in 2016.I had a really small amount of BTC there.My overall experience was good,they didn't scam me,but I would never buy a shitcoin,that is listed on Yobit. I'm not surprised by their shady tactics.I'm surprised that Yobit is still relatively popular,despite all the negative reviews and their bad reputation. A warning to all the noobs-Please do NOT deposit big amounts of cryptocurrencies there. |
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No market price should be regulated by forces,that are outside the market. Having a minimal market price distorts the market.The labor market is distorted by the minimum wage. That's why unemployment exists,at least that's what the liberal economists say. Having fixed or controlled prices is something that never worked. The market price should be determined only by supply,demand and competition. |
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This is a clickbait article,but I understand the hate towards Bitcoin.Many people are upset by the slow transactions and high fees. If someone creates an altcoin,that is as secure and decentralized as BTC,but with cheaper and faster transactions,many people will embrace it.There's nothing wrong with that. The Bitcoin fanatics shouldn't be such closed-minded traditionalists.We must embrace change and innovation. The problem is that don't see such altcoin in the current crypto market. |
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This is definitely NOT a philosophical question.You are making an oversimplified analogy.
The booming crypto industry has some similarities with the 80s and 90s early internet era,but comparing them is more or less pointless.You can't use cryptocurrencies without internet,so internet is the foundation,while the crypto industry is something like an extension of the internet.
The cryptocurrency price explosion kinda looks similar to the dotcom bubble in the late 90s/early 00s,but I think that we are in a new phase,where more people are taking the crypto industry seriously and the legit crypto projects will get the attention of serious institutional investors.
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About a few months ago, I learned some Japanese candlesticks for cryptocurrency trading. And there are some shapes when they happen that mean that there is a rise, ie: Buy. And some forms when they occur mean that there is a fall in the currency, ie: sell or hold. In the first case, you will buy, and if "everyone wants to profit" and everyone of course knows the rise, who is the dumb who will sell you this? In the second case, you want to sell, and also "everyone does not want to lose". Who is the dumb who would buy this from you? And with this logic, what are these shapes?
There is always something that happens naturally on a regular basis and causes regular results, but something happens based on "people's minds" (buy / sell), ie: it is erratic. So how will the results be regular (up / down)?
The markets are volatile and unpredictable,because nobody can convince all the traders to follow the same strategy/tactic/behavior/buying or selling pattern. The markets exist,because of a thing called "asymmetric information",which means that some of the traders have better information about the market than others,so they are using that information to profit. Those "Japanese candlesticks" patterns you are talking about are NOT asymmetric information.This is just a lame pseudo-tactic,which is being sold by some fake "trading guru". |
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And what is so big problem with that "centralized"?
As Long as the coin works and goes Good I Don't see the problem.
Coin is centralized If You pay honestly taxes do legit things nothing to hide what is the big deal?
Anyways the owners can only control the system
If the owner try to do something funny... Its a chaos.
And why kill the slave If you can keep your slave Happy and he Will Work for you anyways.
Also If you show to the People your true attitude that you are the big boss and Want to Control... Well People Will do revolution so the direct Control is Not a Control.
Btw... If I own money in bank and Some banker do the funny things my account I lose I make him to pay that I Go in Court and sue him.
Or If I Want I Tell him You own me that much money You pay this this date.
That's so Simple! So Simple.
If You Don't fck with Others no body dont fck with You If you mess around and get punishment.. then First ask... yourself.
So thts why i dont see this centralized thing as a big issue.
Nobody Don't Want conflicts and problems.
You seem like a person,who likes fiat money/centralized currencies.There's nothing wrong with that. If you like fiat money and centralized currencies that much,then why are you whining about Bitcoin transactions?Just use centralized coins that have fast and cheap transactions and forget about BTC. Your post is just a lame attempt to shit over Bitcoin for reasons that we already know and have been discussed years ago.You have the freedom to pick any altcoin you want and use it instead of Bitcoin. If you have trust in the banking system and the courts,that's great.I don't trust the banking system and the courts,so I'm not gonna be risking all my money,by putting them in a bank. |
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Going from paper cash to electronic money and from electronic money to cryptocurrencies is actually a really slow process,that will continue for decades.All those forms of payment will continue to exist together.
I don't see the majority of people dumping fiat money anytime soon.The pandemic might have reduced the usage of paper cash,but the percentage is really low.Many people are using credit cards instead of cash,so the risk of getting COVID while shopping isn't that big(if you are wearing a mask and washing your hands).
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It would be great,if a company like eBay becomes more crypto friendly and open towards technological innovation.However,I don't think that NFTs are the future of the cryptocurrency industry.
I still don't get the point of selling NFTs.What if you make a painting and you turn it into a NFT?After you sell it,other people can still copy and plagiarize that painting online.Your rights aren't protected.The rights of the buyer aren't protected as well.What's the point of paying for an NFT,since everyone can copy it and get if for free?
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Despite various rules put in place by some African countries to discourage their citizens from trading cryptocurrencies, they are still thriving.
A statement released by "documenting bitcoin", reveals that Africa is leading the world in peer-to-peer bitcoin trading volume growth this year so far.
Giving the unfair condition of the market in Africa especially Nigeria where the government has banned financial institutions from engaging in the buying or selling of crypto, this comes as a surprise.
African countries are not like European or Asian countries. The people in Africa aren't very strict,when it comes to following rules and abiding by the law.This is usually bad for the society,but when the rules and regulations are dumb,like in the case with crypto restrictions,this is actually good for the people and the economy. The governments of the African countries don't have the power to impose effective crypto trading restrictions. Africa will slowly become more technologically advanced and more people will gain access to the internet.Therefore the crypto industry will have a great future in Africa. |
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All those "What if" questions are pointless. Almost nobody(or a really small amount of people)are HODLing Bitcoins that they have bought or mined back in 2010.Nobody in 2010 would have believed that Bitcoin will be valued at 60+K USD 10 years later. I guess that most of the early Bitcoin adopters were happy with a 1-2 USD Bitcoin price. The same "What if" question can be applied to ethereum as well. What if you bought 1000 ethereum at 0.5 USD,back in October 2015? |
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Wasn't crypto buying/selling banned in China?I'm not familiar with the regulatory frame,when it comes to trading cryptocurrencies inside China.However,this is most likely fake news. If Alibaba had really bought that much of BTC,we would have already known this information by now. The Bitcoin market has turned into a joke.Waiting for the next big corporation to buy BTC,just for the sake of pumping the price with another 10-15K USD.This simply isn't serious. |
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Много е жалко да видя, че все още има хора, които се занимават с такива работи. Интернет дава толкова много възможности да изкарваш пари с всичките тези знанията които хората използват за да вършат такива глупости и накрая да завъшат в затвора. На всичкото отгоре и петнят името на нацията ни по света. Хора, рано или късно ще ви хванат и последиците ще са пагубни. Това не е игре.
Аз не се занимавам с кардинг.Просто разбирам някои неща свързани с кардинга,защото се интересувам от теми като киберсигурност,онлайн платежни системи и пазаруване по интернет,етичен хакинг,как да останеш анонимен онлайн и др. Не съм експерт по тези въпроси. БГ форума е много умрял.  Весели празници на всички! |
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