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.

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.

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...".

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.

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.

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.

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

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.

Oh my! Theymos is on the bear side! He is selling! And he says bitcoin will likely not quadruple in price this year!


Thank gods!

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.

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.

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 ¡n his life. I really thought that this guy knew a bit more about business.

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.

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.

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.

I would not worry about any of that tbh. Firstly, all Southern Europe is on the verge of collapse due to debt. If that happens the European Union will become something else, completely different of what it is today. Perhaps less powerful in influence although perhaps financially more stable. Job exports and the like, well yeah, as long as the remaining countries are really willing to crash their political system. Never let your compromises really compromise you.

The thing is that it was going to happen, but there is a strong push comming from COVID. See companies like Zoom and Microsfot that are strongly involved in the means for remote working happening... they have gone through the roof in benefits and they do not seem to be stopping. This was supposed to happen in an span of a decade. In fact some investors need to swap positions due to this, as their objectives have been reached earlier than expected.

I think that our strategy and buys of bitcoin should be absolutely agnostics on regards to whatever Tesla or Elon does or say. the use case itself is very limited to buy a car and it does not offer value to 90% of bitcoin users. It is a community effort to ignore those who intend to use the ecosystem for thing that are completely outside the spirit and practice of the bitcoin and crypto community. It is legit to ear money with crypto, but not at the cost of manipulating the market. I am so surprised the SEC is not already acting on this guy that I am suspicious of their motives.

Super post my friend, I just could not help laughing. It seems like a serious issue, however I can see a clear benefit to all this: foods that are not processed are normally sold by an standard unit of weight, that is, a kilo a pound a gallon,... however it is only packaged and porcessed foods that can play with shrinking amounts, so overall this means that we will eat less crap and benefit from the less processed foods.

In any case, I know this phenomenon happened when certain pizza company went public in Spain (telepizza). All the sudden some "marketing expert" stripped the cheese and reduced the size. I never bought again.

There is no single thing right on this post. Firstly, crypto may give you good profit, mediocre profit or, most of the times, huge losses. It is just like that, a risky business that made plenty of sense for people who invested early in bitcoin, ethereum and a few others, but for which most people are just laggards.

It is also incorrect that stock will give you small profits. There are a number companies, thousands, that would double, triple and multiply your money in months. The problem is that most people do not have a hint on how to do good stock picking.

I would rephrase this post and ask: "Have you ever received any VALUABLE airdrop?", perhaps some people who got the Bitcoin cash distribution, if that qualifies as an airdrop at all, could answer yes. But may of the Ethereum "flavours and colors" airdrops were not worth a wei an unit.

Airdrops have been massively missused and now people just don´t believe in these.