NATO countries are not spared from high inflation either. War is bad for everyone, and economic problems and inflation go back well before the war. If I'm not well, I don't really take comfort in the fact that my neighbor is worse off. The only good thing is to have more democratic systems than in Russia, and not to be in direct armed conflict, for the time being.

2.357 million? I don't understand. Does it refer to 2.357 million fiat value of those Bitcoins? It's obviously not 2.357 million Bitcoins.

I don't know what would worry me if I were a billionaire, what does worry me is that this was done without a trial, without following the rule of law. There is a component of arbitrariness and authoritarianism more typical of dictatorships in this that I am surprised not to see questioned by the western mass media.

To freeze their assets because they are Russian seems to many people to be fine or they don't care because they identify it with Putin, when the people in question may not have done anything wrong or even agree with Putin.

I don't see much difference with freezing your assets for being Jewish either, and this would be more outrageous, wouldn't it?

Yes, we already had a similar thread last week. On the one hand the OP contains a praise for Bitcoin, which I think is trying to fish for some merit, and on the other hand, it obviates that Bitcoin is a tool, which in itself is neither good nor bad, that can be used to pay a terrorist escaping the authorities as well as to send humanitarian aid.

It is true that there are people who earn Bitcoin online or with signature campaings, or trading or offering online services, and this is an advantage over physical jobs, but it happens with the Internet in general, which has opened many possibilities and is not unique to Bitcoin.

They became friends by force after the US dropped a couple of atomic bombs on Japan, so rather than becoming friends, Japan became a vassal of the US. We could only say that they were friends on equal terms many decades after the end of the conflict.

I hope that such ways of achieving friendship will not be experimented with in this conflict.

Well, if official inflation was 8% last year we can be sure that it was clearly above 10%, surely 15% or more.

But no matter how bad things are, I doubt that we will reach hyperinflation in most industrialized countries, not if maybe in Russia or other countries, but we must remember that hyperinflation is defined as an increase of the CPI of 50% per month.

The economic impact of the wars for the majority of the population is widespread impoverishment, but we have to keep in mind that the problem of inflation and rising energy prices was pre-war, only now it has been exacerbated. Moreover, as the economy is globally connected, even if we do not live in either of the two countries in conflict, we are affected. This will surely continue but at some point it will have to stop due to the rebound effect of low demand in the face of high prices, at least in some sectors. Hopefully the war will be over sometime soon as well.

In my particular case, some months ago I was promoted at work with a considerable pay raise, so I have not been affected so much by inflation, but as prices have been rising for the past months I do not feel as rich as when I was promoted but much better than people who live paycheck to paycheck.

You have all the look of someone who is going to lose their money very quickly.


Actually it is the best for the long term, or so many of us on this forum think, but it seems to me that the OP is looking for a coin that is going to go up fast for cash in a quick buck.


The best he can do. I would say the same thing without "maybe".

It matters a lot.

In the vast majority of countries where it has been regulated so far, Bitcoin has been considered as a financial asset, like a stock, which makes its use as a everyday currency impractical, because people should declare the difference between their acquisition price and the price of bitcoin at the moment they pay for a coffee, shop at the supermarket, etc.

This is a big problem unless a threshold is set below which it does not have to be declared, for example $100.

If instead it is considered legal tender, you do not have to declare anything. This difference is essential.

Me, when talking about these things I don't like to talk about getting rich so much as improving your economic situation.


In your friend's case, if he were thinking about improving his financial situation, he would see it differently. Anyone can improve their financial situation, following simple steps.

1) By borrowing as little as possible (for example to buy a house) and reducing/getting rid of debts, especially if they are consumer debts.
2) Saving.
3) Educating themselves about personal finance.
4) Investing.

The result of these steps in the long run is a clear improvement of the economic situation (unless you are very unlucky or something).

I don't know if you are being ironic but it is clear that he is referring to the US stock market, whose reference index would be the S&P 500. Although there are some stock markets in emerging countries that are not so closely related, normally what happens in the US stock markets affects the rest of the stock markets. It is often said that if the U.S. catches a cold, the rest catch the flu.

About the rest of what you say, I completely agree.

I am going to bump this thread for you, even though I don't live in Nigeria.

I find it strange that, with the large Nigerian community on Bitcointalk, no one has commented, although I guess they haven't noticed the thread yet. I guess when they figure it out, it will be a regular discussion thread.

I don't know much about the Nigerian league but I do know that there are quite a few very good Nigerian players playing in various countries in Europe.

I keep accumulating Bitcoin. I don't care if it's bull market or bear market, rain or shine. I accumulate little by little to have more and more Bitcoin. It is the strategy known as DCA, although I do not follow pure DCA because from time to time I spend Bitcoin but in net terms at the end of the monty I usually have more Bitcoin than the previous month.

I like it better when we are in bull market, yes (and who doesn't?). It's more exciting to see when we beat ATHs. I also tend to spend a bit more if I see that we are at highs.

But the strategy boils down to the fact that in a month, a year, and 5 years I will have more Bitcoin than I do now.

It is difficult to be sure, as there are so many things that can influence the price, and we have no way of checking. But I recently heard this as the cause of the recent rise, and I think it is likely that it had an influence on the price, otherwise I don't know what could have influenced the price for that sudden 10% rise in the middle of a war and with the markets in general going down.

Despite what you tell, today the average view on Bitcoin is better than it was 5 and 10 years ago and it will gradually improve. It is appreciated that you implement Bitcoin payment in your store but I think that, apart from people who do not pay in Bitcoin because they do not know what it is, not many people pay in Bitcoin because it is not very smart to pay in Bitcoin and save in fiat, it is much better the opposite.

Without more data, no, you cannot know who the owner is.

You express yourself like crap but I'll try to respond to what I believe you are trying to say:


The situation of the Euro has nothing to do with that of the Ruble. Although it is weakening due to massive printing, it has been weakening since before the war, it is not in free fall like the ruble.

Visit my thread: The ruble is going to hell and you'll see.

The Ruble/Euro graph is very similar to the Ruble/US graph seen in the thread. What has happened is that in this situation, the USD has again been demanded by investors as a safe haven and the Euro has been devalued with respect to it, but nothing to do with the fall of the Ruble.

And of course I don't think the solution to fiat currency devaluation is to play roulette AKA trading as you propose, it is much better to just accumulate Bitcoin.

I don't know where you get that from. What Biden did is to continue polluting the same but costing Americans more. He stopped producing to buy abroad what is not produced in the USA.

Returning to the central theme of the thread, the ruble continues unstoppably downward. I don't know how this is going to be despite Putin's measures, since the currency is devaluating by leaps and bounds and these things don't usually end well.

We are approaching a global economic crisis where the vast majority of the population will be impoverished.

In the West, our currencies are not doing so well either, although they do not devalue as fast as the ruble. And the dollar, although it sucks, is serving as a safe haven, so it has done well. But rising energy prices and their impact on a lot of products will mean a loss of purchasing power.

Nonsense. There is a war in which crypto is used as a tool, like weapons, for example.

I'm telling you the same thing I've said in two other posts. You talk about crypto as personalizing, when in itself it is neither good nor bad. That an exchange gives money to certain users does not make "crypto" doing a good or bad thing. Cryptocurrencies are a tool. There are those that are very good, like Bitcoin and those that are crap, practically all the others, I would say. But those tools can be used just as well to demand ransom for a kidnapping as they can to make donations for people in need.

It seems to me that the OP was trying to fish for some merit by praising Bitcoin.


As you have been told, that is not unique to Bitcoin. It is the new technologies that have made it possible to earn money without leaving home instead of doing hard physical work.

If you want to praise things about Bitcoin, you have plenty to do so, but you've missed the mark.