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3601  Economy / Economics / Re: SEC Chair Says a Lot of Crypto Tokens Are Securities on: May 19, 2021, 10:29:01 PM
Sure, a lot of cryptotokens are indeed securities now - but bitcoin is definitely not one of them.

Also you have to take into consideration that even though crypto tokens may be securities (based on the way the token is structured), they are generally decentralised in its distribution and its ledger is hosted on an immutable blockchain.

How in the world does the SEC plan on exerting their influence over this? They could regulate these tokens, but the unregulated ones will simply roam wild and there will be no enforceability for their rulings.

They will attack those guys who are responsible for the ICOs for example. In the case of Ethereum it would be pretty easy to nail down who is responsible. The whole team around Vitalik and whoever was actively involved in the token sale. And yes you are right, double standards are inevitable. Crack down on those who are known and when there is nobody known to be responsible, just leave it as it is. Sounds fair, doesn't it?  Undecided

I am not so sure they would act retrospectively and not so sure that they would go for the major players. Ethereum may pass the Howey under certain opinions, tokens that are on the chain have three foot long disclaimers. Even on some cases that looked very clearly as fraud, the SEC did nothing. It is annoyingly surprising that they would want to intervene now that ICO have been going on for years. Is this kind of a preparation to start imposing a massive fine on the sector?
3602  Alternate cryptocurrencies / Altcoin Discussion / Re: Do not panic sell when there is dump on: May 19, 2021, 10:24:34 PM
Quite a popular advice: donīt sell on the dump. The problem is that, if you take a look at what happened in the 2018 dumps, many of the coins never recovered, so keeping calm may only not be easy, but also not such a good idea. The way forward is to decide beforehand why are you buying a token, that is, having some idea of what would look like success and sell if any of the expectations are not being met. The price itself should not be the criteria to sell, if it is, it means that you haven DYR it correctly
3603  Economy / Gambling discussion / Re: What's the motive behind the anti gambling campaign on: May 19, 2021, 10:20:35 PM
For every upside there is a downside. The upside of playing is quite clear: makes life more interesting and sports - even those that are quite slow in nature - more fun to watch. However, you wont see in the news nor in any statistic how much fun people had gambling or how much money some of them made (other than lotteries) but rather stories about how a poor guy gets hooked on the game and does something stupid - and my guess is that it rarely is the only really stupid thing they have probably done in their lives.
3604  Economy / Gambling discussion / Re: Ohio offering lottery prize worth one million for those that get the COVID shot on: May 19, 2021, 10:17:06 PM
Donīt people find just difficult to believe that you need to incentivise people to do something that will make them safer? I think that a lot of this has to do with the narratives that have been ongoing during the last year, and the grade of irresponsibility of the previous governor and previous president that, for all that matters, took the pandemic as an act of God that should simply be endured. No wonder now there is such a problem with convincing people to get the jab.
3605  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2020/21 on: May 19, 2021, 10:13:46 PM
Real Madrid will end the season in it present position and surely gets into the Champion League next season. Haven been knocked out of the Champion League this season by Chelsea, but despite that, they are basically the club with the most C.L titles in the history of the Champion League, winning the League's trophy 13 times from 1955 to date. Also won the La Liga trophy most, they are known to be among the most successful club in the world.

Unfortunately or fortunately for Athletico, the history of the club is only relevant to the fans but not to finance and not to future performance. Real Madrid needs a coach that is perhaps less liked by the players and more respected. Of course they do great in Europe, but they are notoriously below expectation if you consider the huge budget. True that budgets in Europe are huge, but RM is perhaps living on rents and should get a disciplinarian rather than a "friend" or, what is more common, a media agitator.
3606  Economy / Gambling discussion / Re: Fully vaccinated individuals now spared of masks in the casinos in Vegas on: May 19, 2021, 10:08:22 PM
This is the beginning of trend of business that will apply similar measures. Casinos are notoriously know for lobbying heavily against most regulations that could prevent their gest from enjoying the experience without any interruption nor need to pause. Once they apply this, all business out there will want to do the same and, to be honest I think they should. The incidence rates seem to be controlled, and the virus variants are not peaking again the numbers as to be a cause of concern.
3607  Economy / Gambling discussion / Re: The Cricket Match-Fixing Scandal on: May 19, 2021, 10:03:32 PM
I am not surprised to read bout a match fixing in general, particularly not surprised that any short of fixing happens in India, where you can actually buy a certified negative COVID test from the f*ing laboratory that is certifying the results for just 20 extra bucks. Now, what I am really surprised is about them being caught and about how long took for the investigation to get there. There must be something political about all this, I just cannot see this as merely casual.
3608  Economy / Gambling discussion / Re: BTC price VS gambling on: May 19, 2021, 09:59:22 PM
Good question. I think that most players will mostly think in fiat terms, so a decrease in bitcoin price would mean that they will play the same fiat, but more bitcoin. Only those that are quite into bitcoin and only fund their accounts with crypto (do not forget that Eth is also quite down), will keep their level of play. If this stays long term however, there may be a tendency of people playing more which is a known effect of crisis.

Perhaps the key is to know how long the bear run will go and how used to it people may get.
3609  Economy / Economics / Re: Preparing for a capital gains tax increase (US) on: May 19, 2021, 09:53:34 PM
...
With the vaccination being free on healthcare is another topic for example where I think free healthcare will start, vaccination is free, maybe one more thing will get free, and then who knows, one day everything could be free. Step by step man, it is awesome.

As the economy progresses more things become free or at least widely affordable. My thinking about the future is that, if we do things right, we may as humanity reach a point in which our basic needs, even some of the advanced needs, will be covered by bot and AI workings. If that happens, many political ideas will become simply obsolete.

The only supporting evidence that I can offer for it is the fact that a few hundred years ago anyone who could live 70 or more years, did not have to suffer extreme pain, did not have to work hard (meaning long hours of really hard physical work) for their basic needs and had access to quite decent medicine would already be considered extremely prosperous, if not a king.

On the topic, of course Biden will have to negotiate, but that is already something quite different to what was happening in US before right? An he is not tweeting shit about all the guys that happen to disagree with him.  Just how I like it, boring, predictable, ... the older the better even at the cost of an occasional doze-off or a "where was I... yes... hold on...".
3610  Economy / Economics / Re: Preparing for a capital gains tax increase (US) on: May 18, 2021, 09:09:12 PM
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 Wink
That said, maybe Trump will revise this tax policy, so you guys can cash out in 2024.

Not a financial advice obviously Grin

You know perfectly well that he will never stand a chance without his twitter account, that is, if he manages to stay out of prison and out of debt. The hold he has on the RP will weaken during these four years if Joe is able to do something half-good with the economy which seems quite likely. I think he stands the chance of doing so and trumpism only works if there is fear of the supporting masses.

Edited to add:
Just to be clear, I do not support any particular party in the US, I just like politics to make some sense and be as boring as possible - and the more predictable the better.
3611  Economy / Economics / Re: Preparing for a capital gains tax increase (US) on: May 18, 2021, 10:46:54 AM
Taxing unrealised capital gains would be a really bad idea. There is a good reason why these are called "unrealised" right? It could come to the case that you would be forced to sell shares or asset to pay taxes because they have gone up. That would really be a shock to the financial world... people selling all at the same time at a certain point in the year, people not being able to properly keep a long term portfolio since they have to sell frequently, ...

I do not see that coming, it would mess up too much the 401k and other vehicles and create a serious issue for the financial industry.
3612  Economy / Economics / Re: Oil and war Good profit on: May 18, 2021, 10:41:46 AM
You probably live on a parallel world. Oil producers are extremely pressed due to a far too oversized production capability. Some of the "oil states" are having trouble even keeping their finances as they are due to the low price and even if there is a war, there is plenty of space to recover production even further. Oil, as of today, is probably the worst commodity.

BTW, bitcoin and oil are not really comparable investments.
3613  Economy / Economics / Re: Do you see yourself quitting after this bullrun? on: May 17, 2021, 09:38:10 PM
Quit what? Smoking you mean? Nah, the tendencies are now exactly the opposite, people who already have a good deal of wealth are actually depositing part of it in crypto, precisely bitcoin to defend themselves from the irresponsible monetary policies, which is why bitcoin exists in the first place.

Moving part of my assets to something else than crypto, certainly yes, I have always been in favour of a balanced portfolio and that applies to all my assets. Most people have a large part of their wealth in the form of a house, I personally concentrate much less and my job is just another income diversification. Like posting with a campaign signature Smiley
3614  Economy / Economics / Re: If we have crypto Why people still buy stocks? on: May 17, 2021, 10:09:34 AM
One of the main reason why people still buy stocks is because they have no idea how much better crypto is when it comes to investing. Another reason could be because they are confident that it may secure their future if they invest on a certain stick that they are familiar and confident with. If only everyone knows about crypto, the stock market would surely experience a huge downfall but maybe it is better this way so that things could be balanced between the two although sooner or later crypto will take the lead.

Because it is very easy to predict the past, but try with the future, it is usually much harder.

Coin pumps will lead you nowhere. For every gain, you will suffer x10 losses. Most people have already been there. Stocks can multiply in price just as much as crypto, even more, however you actually have to know instead betting wildly. Honestly, this post does not help the crypto space.
3615  Economy / Economics / Re: Preparing for a capital gains tax increase (US) on: May 17, 2021, 09:39:14 AM
Oh my! Theymos is on the bear side! He is selling! And he says bitcoin will likely not quadruple in price this year!

...

You don't have to just sell all of your BTC and be rid of it forever...

Thank gods! Cheesy

I think that the main point here is spacing and it has a lot to do with how much bitcoin you got and with your lifestyle. The scenarios would need to be adapted to each country and each individual capital tax gains, so it is useful even if the political context would be other. For me the key question is Are you going to be exchanging more than 400k or a million a year (if in US) to fiat? Most people will be already out of the hook looking at that one.

I am not so sure you can buy stocks without going through fiat. Happy to know if someone knows how as of today. OTC maybe... probably not even in that case. You can also go and live 5 years on a tax haven, become a resident and... pay almost nil - yep, not an option to everyone.







3616  Economy / Economics / Re: COVID advanced the world into the future on: May 17, 2021, 09:16:36 AM
I agree but I think it's so inhumane to say that.

My only point here is that I can't see people died as a benefit to what we have now because of COVID-19, I don't care how much it takes to develop the economy or the community as long as we are not worrying to die every single day because of the virus. But I guess mother earth is making it's move to wipe up human beings after we take too much from earth instead of cultivating it to remain healthy, in short, we are the virus of our own ecosystem.

We all care about money, on how much properties we have, how many cars we have, we crave for so much wealth and success but we don't even care if we destroy nature just to build tall buildings, it's just cruel. What's the sense of keeping ourselves rich and surviving if the place we're living at is already dying.

You cannot have a vision of reality that is hindered by what you think is fair, right or humane or you will not be able to understand the world - which is not fair, right or humane.

Attributing  greed or materialistic values to this post does not make you more humane but rather a person that cannot dealt with emotions adequately and is very confused about life in general. This is confirmed by you mixing the human side of a tragedy with the economy and adding some karma and pseudo philosophy into the cocktail.

As most times in life, there are endless perspectives to complex issues.
3617  Economy / Economics / Re: 🔴 Breaking News - Elon Musk is going to part with all his Bitcoin BTC on: May 17, 2021, 08:49:39 AM
It takes a life to build a reputation, Elon is very actively working on the basis that crypto users and hodlers are just stupid. In my view he is completely illiterate in so far as crypto is concerned and he is exchanging a limited and valuable asset (his reputation) for a sum that may look like a lot to many, but has no relevance Ąn his life. I really thought that this guy knew a bit more about business.

3618  Alternate cryptocurrencies / Altcoin Discussion / Re: What's the best way to mint NFTs? on: May 16, 2021, 03:56:13 PM
I can tell you that right now is not Etehreum, but it may be in the near future. In theory is relatively cheap (15 to 50 USD) compared to the cost of buying the most expensive NTFs and if that is not your case, you should consider in the first place if that NFT is really worth being minted. There are many videos about how to mint on Eth chain and I am sure you can do the same in BSC or others that might be cheaper at this moment.

The problem now is that you can choose either popular and expensive or niche and cheap. In the first case it will be quite expensive and on the second you may find problems selling to a wider audience.
3619  Alternate cryptocurrencies / Altcoin Discussion / Re: Is NFT still hot??? on: May 15, 2021, 11:50:36 PM
I t will swing as bitcoin swings, that is my take. There is a lot of hype involved in most of the crypto happenings. NTF do have an use case, but not really the one we are seeing in the news, such as having a beeple that anyway anyone can see and replicate regardeless of the will of the "owner". The use case value is far below the prices being paid today, just like Magic cards real value is far below the prices paid today.
3620  Economy / Games and rounds / Re: A member LIST .. What do we speculate the price will be this summer JOIN IN on: May 15, 2021, 08:31:40 PM
35210 USD

Reason: Elon Musk will marry McAfee and will buy the ceremony flowers with bitcoin, thus sending the price down. Also, China will ban bitcoin, the McAfee name will be forbidden for al Chinese new-borns and the mining equipment will be more expensive due to chip shortages.
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