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341  Economy / Economics / Re: Countries and their own cryptocurrency! on: July 10, 2020, 02:49:38 PM
It is beneficial for the government to show interest in cryptocurrency. This may be one of the levers of power. By controlling the cryptocurrency, you can have a large income from paying taxes. Cryptocurrency is always expensive. Perhaps in the near future, more and more countries will enter their cryptocurrency and control it.
How can the government cut taxes on cryptocurrencies?? Crypto is decentralized and the official ones would probably be having an inbuilt code to detect the amount of funds that a person earned in a financial year and then they can cut the taxes right off the wallet, other than this there isn't any other way to ask for taxes even on government-issued cryptocurrencies. Also, OP is missing the digital Yuan that the Chinese government is developing. I guess the governments actually have realized the power of bitcoin and crypto and are going towards making state-owned crypto as there isn't any method to tax the bitcoin, so why won't they just make their own crypto and ask for taxes on it.
if the government recognizes cryptocurrency as a valuable asset that can actually be used on the territory of the country, then each citizen must voluntarily declare his property and income. You can own any amount of Bitcoin and no one will know about it, but you will not have the opportunity to use it in real life. You must understand how the economic prosecutor's office does if it is discovered that a person has one income, and a person spends much more in everyday life, that is, he lives beyond his means.
342  Economy / Economics / Re: Is it possible to live without banks? on: July 10, 2020, 02:22:35 PM
Today, the banking system provides a very wide range of services that cryptocurrency cannot provide alone, because anyway, certain companies, resources and guarantees will be needed. In addition, it is necessary to take into account the presence of a shadow market in any country, and servicing the atomic cell of the economy takes place one way or another using banks. One way or another, there will always be a demand for such services on the market. Even considering that many countries pursue a liberal policy with respect to taxpayers, money still goes through the banking system, which performs functions within the framework of compliance requirements. because quite often the client has a request to legalize his money, the source of which he cannot explain.
343  Economy / Economics / Re: South Korea quarantines and burn their cash due to Coronavirus on: July 10, 2020, 02:02:53 PM
Since the coronavirus bacteria die in the open air within a few hours, there is no point in taking any harsh measures against paper money. they can be taken and isolated for a while. But the procedures that the South Korean Central Bank conducts with its national currency have been carried out before. The central bank overcame the national currency at high temperatures and kept notes for a certain time at a temperature of 42 degrees, thus disinfecting paper money.
344  Economy / Speculation / Re: Buy every dip! on: July 09, 2020, 01:14:47 PM
Before another surge, I want to share that, in only 10 years Bitcoin has risen to $9,000 from a mere $0.01, while our savings in fiat money continue to devalue every year because of inflation.

Buy the dip, and HODL.
You made a really very strong argument. One can only imagine how the government is deceiving us, especially considering that in my country over the past 10 years the national currency has fallen in price against the dollar by almost 3 times, and the minimum wage has grown by five times, while many officials have become millionaires, owners of yachts and beautiful Villas on the Cote d'Azur. But it’s even hard to imagine what People theoretically lost as an investor, given the scale of Bitcoin growth over the 10 years.
345  Economy / Speculation / Re: Why is Bitcoin volume so low? What effect on price? on: July 09, 2020, 12:55:43 PM
It seems to me that the situation in the coming days will change dramatically, as many investors today will not lose sight of the cryptocurrency market, since for several days the stock market has been closing with a significant drop. Oil is falling in price, and the fear that this decline will continue due to an increase in the supply of raw materials in the market only increases interest in bitcoin. Perhaps that is why bitcoin has been showing green color for several days.
346  Economy / Speculation / Re: Will a BTC bull market begin in July? on: July 09, 2020, 12:28:18 PM
I believe that it is not necessary to count too actively the days, weeks or months until the time when the bull run begins. someone will constantly create new topics in August, and then in September and so on, waiting for a specific event, in any case, the will of God. and nevertheless, we must admit that more and more governments and states are interested in blockchain, and are also trying to accept the use of cryptocurrencies. Let it be in certain cases, we are talking about stable coins, and yet the blockchain industry continues to develop, so in any case we are waiting for the exciting development of the cryptocurrency market. But if you already so want to lighten your expectations, then you can pay attention to the first level of resistance, which is located near the wall for sale about $ 9450. Closing above $ 9600 will nullify the downward channel, which should bring Bitcoin closer to the multi-year resistance level of $ 10500. if Bitcoin overcomes this barrier, then we have a good chance of seeing a bull run in the cryptocurrency market.
347  Economy / Trading Discussion / Re: Newbie should trade or not? Please give me idea. on: July 06, 2020, 01:23:33 PM
I believe that a lot of the nuances should be observed before starting your activity in trading on cryptocurrency markets. Many newcomers at the very beginning make the very first mistake, which consists in the fact that they take loans, borrow and use other people’s and not their own personal funds in order to learn how to earn money on cryptocurrency trading. It seems to me that initially you need to adhere to the main rule: to spend on trade only those available funds from your budget that you can freely dispose of. And future prospects will depend on your experience and attentiveness.
348  Economy / Trading Discussion / Re: Who will do the IEO of the crypto exchange market? on: July 06, 2020, 12:39:34 PM
In any case, the advantage of IEO over ICO is too great. Almost any cryptocurrency exchange has a lot more resources than an ordinary investor in order to conduct a comprehensive analysis of incoming projects and begin cooperation only with those projects that are worth financing and listing. But lately, we can conclude that only one cryptocurrency exchange Binance is still afloat, working with new projects, while other exchanges are in standby mode. In addition, IEO's performance has declined dramatically today.
349  Economy / Trading Discussion / Re: How to Overcome and Handle Your Mistakes in Trading? on: July 06, 2020, 10:56:21 AM
It depends, the first question is did you actually made a mistake? I ask this because many see losing a trade as a mistake but I disagree, no one can win every single trade, if you took the time to watch the market and analyze it and your strategy told you to get in the market and you lost, that is not a mistake, that is just paying the price of trading the markets
That must be a right point; no trader could win on every trade they do make and all the failures while trading should not be considered as mistake but may be accounted as lack of knowledge on technical analysis. I mean when your sound in technical analysis then the chances for making mistakes in trading will be very less. Only the traders who are not experienced in making good signal out of their technical analysis must be facing frequent losses and may consider them as mistakes.

Indisputably frequent losses and failures are the consequences of either limited knowledge or little experience in cryptocurrency trading. But it seems to me that it is not always possible to make such an accurate technical analysis as to constantly have 100% accuracy of the forecast in relation to a particular coin. Even the most professional analysts can make a forecast with an accuracy of no more than 75%. Therefore, it seems to me that it is impossible to always be in the black.
350  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you wish you could do the most with your Bitcoin? on: July 05, 2020, 01:26:20 PM
I'm sure 90% of people just want the price of Bitcoin to break through resistance at $ 19,000 and be ready to go to the moon new all time high, that's already inevitable, I also want that to happen  Grin
Why do you have such small requests? The whole forum is full of forecasts that next year we should expect an increase in bitcoin prices to at least 150k dollars. And at the same time, users cited quite serious arguments as beliefs.
351  Alternate cryptocurrencies / Altcoin Discussion / Re: Bounty Managers and Shit projects on: July 05, 2020, 12:45:20 PM
It's no more news that many of us would have had some horrible experiences participating in some resources wasting projects. However, my opinion is that, do bounty managers just accept hook line and sinker to manage bounty campaigns for any project without taking some time to look at the prospects of such project?  

I think there should be some experienced members of this forum apart from moderators (because moderators' works might be too enormous) that should be in charge of reviewing projects before bounty managers are allowed to create bounty and/or announcement threads for such projects.  If this can be done effectively, I think the advent of these unworthy projects can be mitigated.

To wrap it up, a bounty manager once told me when I called his attention to some unrealistic plans of the project he was managing, he said he is not concerned about the success of the project, once he gets his weekly payment from the team. I want to know if there are some levels of punishment for bounty managers that manage unworthy projects apart from negative trust?

There is no real punishment here. This is a virtual world forum. Redtrust is one of the most severe punishments and blows for bounty managers. With Redtrust people can see their reputation, and rarely will anyone who participates in the campaign he manages.  In addition, forums can prohibit members from participating with Redtrust managers.
Undoubtedly, you need to rely on yourself too, and not just on the ratings of bounty managers, and at the same time personally radiate accessible information about the bounty companies. And of course, I would like to know who and how and By what criteria evaluates the Bounty of the company, and determines its status as a fraudster or not. This is not so easy to do.
352  Alternate cryptocurrencies / Altcoin Discussion / Re: The best time to fill the bag? on: July 05, 2020, 12:11:14 PM
The opportunity to buy Bitcoin and other cryptocurrencies comes ones in a while and I feel this time could be right, since bitcoin is trading at about $9k. I'm more concerned about ethereum, I have a feeling that ethereum would mark a substantial increase this year as more people are coming to the space and holding ethereum. If the ethereum 2.0 can be effected as planned this year, we would like likely experience some upward movement in the value of ethereum.
I also think that today is precisely the period that needs to be used for investments in ethereum. we all expect ETH 2.0 and the results that this event will bring. but you also need to consider the fact that this event will bring an advantage to those Ethereum owners who have more than 32 ETH in their wallets. it is Staking that is very interesting for the owner of the company, and this situation should cause an increased demand for ethereum and, of course, can provoke a certain deficiency of ETH in the market, which will also entail very positive consequences.
353  Alternate cryptocurrencies / Speculation (Altcoins) / Re: One Altcoin to invest on: July 04, 2020, 04:03:16 PM
You are right, the complete market situation is based on the price of Bitcoin, Bitcoin movements will surely influence the price of altcoins whether it is an uptrend or a downtrend. Bitcoin investment is profitable, but we should manage to hold them up to a certain period of time, it will help us to make some decent profit.

halving has occurred. on the market more and more people are looking for bitcoin. of course the price will increase when demand continues to grow. it's only a matter of time. when that increase occurs we will see altcoin will also follow it. I chose some of the top altcoins to accompany my bitcoin for this year to the middle of next year.
I completely agree with you in the sense that at least until the middle of next year you need to wait for real results from the halving in May 2020. I believe that according to historical indicators of the halving of previous years, only in the middle of 2021 is a rally in the cryptocurrency market possible. It’s just difficult to choose altcoin today, especially given the lack of a real product for many of them. I believe that the undisputed leader among all altcoins is Link, which you need to pay attention to most after Bitcoin and ETH.
354  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Some Alts for long run investment. on: July 04, 2020, 03:24:30 PM
People who have some extra amount an ready to take an aggressive risk can invest in the new project or much lesser known coins and if think can make it big in come say 3-5 years or so then yes probably can stay invested or once they achieve some profit can also exit. But for people who do now know and cannot take such risk then better to stay invested with the altcoins and when market falls one should be looking this an opportunity to buy rather than exiting the market.
for long-term investment in new coins seems too big a risk to be faced. planning duration for new project investments that have good development for at least 1-3 years. after that, what happened was the weakening of their markets. some new projects do not have strong support when the market is down.

The new coin is always a risk, we should always choose the old coin which has completed their product, old coins will have higher chances to increase their price along with the Bitcoin price. If we are looking for long term investment, we should leave them until we make some decent profit. Choosing wise coins will always help us to learn new fundamental analysis about the coins.

If we talk about the possibilities of real profit, then it is precisely the old projects that have already shown quite good results and whose team are not in doubt that can fully qualify for long-term investments. It is very good if their coins are already very actively traded on different cryptocurrency exchanges, and also have a large trading volume. This indicates the real potential of the coin and its relevance in the cryptocurrency market.
355  Bitcoin / Bitcoin Discussion / Re: Created an app to promote ₿itcoin on: July 02, 2020, 04:48:44 PM
Actually, this is a very good idea that will allow as many people as possible to learn about Bitcoin and other cryptocurrencies. But it seems to me that it is necessary to improve not only the application interface, but also add certain additional functionality to the application so that the user who downloaded this application is interested in studying all the available information in the application, and not just watching or reading something.
You can give a small example from life.
Young children better perceive information and learn mathematical equations, the alphabet and more, if their training takes place in the format of some kind of game. Thus, you can create in the application something like a game, such as Monopoly, which will not only give certain knowledge to a person about cryptocurrency, but will also cause interest, possibly even excitement, where not only cryptocurrency trading will intersect with each other, but also investments in cryptocurrency, as well as the use of cryptocurrency by various companies in different spheres of human life. So I wish you good luck.
356  Bitcoin / Bitcoin Discussion / Re: Bitcoins joins the bank on: July 02, 2020, 03:34:06 PM
I guess they can't really beat Bitcoin.
Just saw on Reddit where
An old article states dated September 13,2017

"bitcoin is a fraud that will blow up, says JP Morgan Boss"

And now May 12,2020
"JP Morgan Extends Banking services to bitcoin exchanges"

I guess if you can't beat 'em join 'em.

So  i guess as my opinion on bitcoin future will be stable and no coin will take over it.

So whats your insight about this news? What will happen in bitcoin ?


I don't see it likely to happen anytime soon. Since it has not yet gone under any government. Many countries around the world have not yet recognized it. So joining Bitcoin the bank is still a long way off.

However, many countries haven't recognized bitcoin yet, but I'm sure when bitcoin will become a currency that can be used in all countries. Because now we cannot deny that bitcoin has entered remote villages in many countries
No country and no government can resist the global and market trends. High technologies are being introduced by all the leading industries and businesses, while people themselves choose In which direction they should move. Based on this, as it were, earlier, governments, as well as various companies or banking institutions, did not express a negative about cryptocurrency, today, or in the near future they will have no choice but to accept cryptocurrency and not only cooperate with cryptocurrency users, but also introduce it for state and international use.
357  Economy / Economics / Re: COVID AND INDIAN ECONOMY on: June 29, 2020, 01:02:15 PM
The real crisis will occur after the virus is controlled so if we are careful now we will be able to overcome this situation a lot However, the virus has hit the Indian economy hard. In addition to the virus, the locusts have destroyed all the crops in their country so the food crisis is going to increase The Indian government should spend more on agriculture They will not be able to recover what has been done in the last two or three years but they are hiding their information India is suffering more than any other country.
According to statistics provided by official authorities, it is agriculture in India that shows real results, for the entire spread of coronavirus throughout the world. But the production was hit hard. In addition, we must not forget that a significant part of the world is very dependent on Indian products, especially when it comes to the supply of medicines, in which many countries of the world today feel very severe shortages. It is no secret that it is India, one of the main suppliers of medicines and pharmaceutical raw materials, and the government has already banned the export of a number of drugs. Based on this, it can be said with accuracy that the economic problems of some countries automatically affect the economies of others.
358  Economy / Economics / Re: What if this pandemic persists till the end of the year? on: June 29, 2020, 12:41:35 PM
It's almost 6 months since the coronavirus took its toll on every aspect of human lives. it has been accompanied by widescale job loss, a rise in the unemployment rate, a reduced standard of living, and intense hardship. From the economic perspective, what will be the fate of the global economic situation and normal day to day business if this pandemic doesn't go away by the end of this year?

There are many news that talks about having the cure in the start of 4th quarter.

But of course this is not what we must expect because there might be a misleading towards this for the world to get easy and back to normal,

There is also some talks about This virus is not that hard,and this is not true pandemic because those past pandemic all of the victims died and did not survived.



But about if this persist until the whole year?then for sure the world will suffer in deeper loses and might not recover the whole next year.
I don’t want to scare the community, but there is still information that the virologists from several institutes in the UK have presented to the world that there is a very high probability of getting a second wave of the coronavirus pandemic. If you take into account the official statement of the US government, then America already has a second wave, which is spreading in such States as California, Texas, Florida, Arizona, Georgia. According to data only on Saturday, June 27, 44 737 cases were detected throughout the country. scientists suspect that the second wave of coronavirus may be a little more complicated than the first wave. their research is based on the situation with the Spanish flu of the last century, when the second wave of the virus claimed much more life than the first wave.
359  Economy / Speculation / Re: Now BTC Price will drop or up? on: June 28, 2020, 09:11:53 AM
According to analysts, the price of Bitcoin is more stable today, because compared to the beginning of 2020, today there is no tough pressure on the part of sellers, while the value of the cash flow index (MFI) has the potential to increase demand and therefore increase the price of bitcoin .
But if you look at the situation on the other hand, then after the halving on May 11, 2020, the reward for the block today is $ 60.843, and before this event the reward was $ 121.687. Based on this, we can make a choice that at the current price of $ 9,700, a significant part of the lungs may suffer miners, which is the most vulnerable due to lack of profitability. there is such an assumption that the number of miners could be reduced by almost 30% and how this situation will affect Bitcoin is very difficult to imagine. Although most still rely on the good development of events in the cryptocurrency market, mainly guided by the influence scenario of the halving of the past years of 2013 and 2016.
360  Economy / Speculation / Re: Here’s the Case for Bitcoin (BTC) Rise to $180,000, According to Weiss Ratings on: June 28, 2020, 08:54:52 AM
Bitcoin should trade above $180,000 after this last halving but it seems the covid19 has changed the equation. Bitcoin is not going to give more return the way it was in 2017. Bitcoin has established coronation with stocks and that has affected it volatility.
Despite the problems that the coronavirus pandemic causes, Bitcoin still shows good results in the cryptocurrency market. This is indicated by coinmarketcap indicators, which can be checked and compared with the time of the active phase of a panic mood all over the world. One way or another, many cryptocurrency users regard Bitcoin as a defensive asset, which increases demand and increases the price, especially against the backdrop of a decline in the value of national cryptocurrencies in countries like Venezuela, Turkey and Iran. But the statement made by Wall Street Analyst and Fundstrat Global Advisors co-founder Tom Lee, who spoke in support of Bitcoin and said that the first cryptocurrency will have the best prospects among all cryptocurrencies in 2020, is especially interesting: whenever Bitcoin breaks through the 200-day moving average, each time the asset increases in price by almost 190%.
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