I do notice that some people naturally don’t allow bitcoin in any of their daily transactions or there daily activities even when it faster and easier they still not accept or permit it to there life, they still don’t prefer using it, I have noticed this a lot, Some classes of human,Sometimes when they are to receive money from another country like international transfer sometimes it takes 2 3 days to arrive,They will advise them to use bitcoin and they still don’t accept it even it faster and easier. How can we erase the negative thoughts of people over bitcoin? Nobody has any negative thoughts over dollars or there various currencies, We need to think about it.
Scared of what?Your title has nothing to do with you post,OP. The "average Joe" still doesn't know anything about Bitcoin and thinks that BTC is a really complicated geeky tech currency,while in reality Bitcoin is much simpler and user-friendly. People will stick to what's known-Banks and credit/debit cards. Achieving global Bitcoin domination and making all the people feeling comfortable with Bitcoin transactions will take at least one decade. |
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What's the purpose of permanently banning an account and locking funds in it for 180 days? That's about six months and seems an awful long time to hold on to a user's funds without enough justification. The 180 days locking period is supposed to be the time,in which all the users "scammed" by the paypal account owner have to refund their transactions. By the way,the funds aren't locked for exactly 180 days.They are locked until the account owner provides all the documents required by Paypal-such as ID scan,bank statements,etc. and come explanation about the transactions. Anyway,Paypal has an automated tracking system,which automatically reports active accounts with big sending/receiving volume for "suspicious activity". This tracking system in combination with their slow customer support+the rules of blocking account funds for 180 days are the 3 reasons why everyone hates PayPAl. |
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Your lists consists online businesses and online jobs.
Building an online business and getting an online job are two completely different things.
An online business requires startup capital and you might have to wait for months or years,before you return your investment and get any profits.The probability of ending with a loss is huge.The competition is furious.
An online job requires skills,which you have to develop by practice and you have to spend so much time finding leads and customers and convincing them to hire you.
Another problem is that you will have to complete with freelancers,who are willing to work for $1 per hour.
Making money online isn't easy...
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If Joe Biden assumes office and hikes taxes on the rich. They'll move to another country in protest of Biden's unfair taxes. GDP will decline.
If Joe Biden assumes office, hikes taxes and introduces harsh regulation on corporations like google, microsoft, tesla and amazon. They'll layoff US workers, cut jobs & move to another country. US GDP will decline.
Trump encouraged business and one percenters to move into the united states and invest in the country through tax cuts. If that statement is true. Would it make sense for Joe Biden and his expected massive tax hikes to carry an opposite effect?
The GDP isn't created solely by the rich.It's created by the middle class and the working class. Biden will raise taxes on the rich,but the government will provide more financial support to the middle class,small businesses and the unemployed. The big tech companies(Google,Amazon,Microsoft,etc.) were making big profits during the pandemic.Now it's time for them to take bigger responsibility and pay higher taxes. Anyway,the US GDP might go down in Q1 due to new lockdowns and the continuing pandemic,but the economy will slowly start to recover by the end of 2021(if the vaccine really works). |
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so yesterday i did some research was reading also some educational things.
i found something interesting: likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.
The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.
i might be wrong but let me know guys.
There will be some inflation for sure,but the US dollar and the euro will never crash into hyperinflation. A better way for fighting inflation is to increase the interest rates,rather than raising taxes. More people will start saving money in the banks,when they see a higher interest rate.The banks will keep bigger fractional reserves in the central banks and they will also buy more government bonds,which will help for reducing the quantity of all paper money in circulation. Raising the taxes after a recession is a economical suicide... |
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This is great news.People wanting to get paid via Bitcoin are "forcing" some companies to buy BTC,therefore helping for increasing the global demand for Bitcoins.A great way to boost Bitcoin adoption,indeed.
The crypto gambling industry is having a good time and this is the right moment for the crypto casinos to step up and "steal" some players out of the fiat online casinos(even though some of the fiat casinos are paying with BTC).
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Bitcoin is both a peer-to-peer digital payment network AND a speculative investment asset.
There's no contradiction here.
The main purpose of Bitcoin shifted from 2009 to the recent days and many people see BTC as a speculation tool rather than a currency for their daily purchases.
Well,this is what you get,when you have an asset with very limited supply and unstable demand.
Satoshi Nakamoto should have known this,when creating BTC.
Anyways,greed is always a bad advisor and many people will lose their money,because of bad trading/investing decisions.
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Well,here's my short list:
1.Never tell anyone that you own Bitcoins.
2.Never use cryptocurrency exchange platforms that have KYC and require ID.
3.Never use online Bitcoin wallets.
4.Use Bitcoin mixers for all your transactions.The tricky part is to find and use only trustworthy Bitcoin mixers,that aren't connected to the authorities in any way.
5.Use only cold storage and keep your private keys in a very secret place.
If you do all of the above,the government should have a hard time finding and confiscating your Bitcoins,but if you break only one of those rules,you are pretty much exposed.
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What makes me quite confident for this 2020 bull run is that a significant amount of money are actually from institutional investors, and it's pretty safe to assume that they're far far less easily affected by beginner investor emotions like FOMO and panic selling.
With that said, I really don't want to say the classic "this time it's different", as there's still a good chance that we're going to have something similar to 2017, just with a different price roof and price floor.
Do you think that we should prey only on institutional investors to pump the price of Bitcoin? It's true that big companies aren't affected by FOMO and panic selling,but it's also true that big companies are "under the radar" of the government,therefore a particular action taken by the government(new regulations or something else) could easily force those companies to leave the crypto markets. Bitcoin(and cryptocurrencies in general) needs the support of the people,in order to grow and survive. |
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There will be a price correction after the Bitcoin price reaches a new ATH,but Bitcoin won't collapse for sure.
OP,you are late with all the whining about the high transaction fees and slow confirmation time.The BTC blockchain is in way better condition now,compared with the last few weeks.
Ripple is growing only because the entire cryptocurrency market is growing.I can't find anything special and innovative about this altcoin and there's no reason why Ripple would beat Bitcoin.
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"Social trading" is a term I don't like to use,because trading financial assets cannot be called "social" and has nothing to do with being social.
Copy trading can be really misleading for many newbies,making them think that trading is easy and they just have to find a good trader and copy his trades.
"Betting" your money on the skills of some trader is still as risky as performing crypto trading by yourself.
I believe that people should be responsible for their own money and never "outsource" that responsibility to someone else.It doesn't matter how experienced a trader is,he could still loose a lot of money,while trading.
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In my opinion, the biggest threat to Bitcoin is hackers and also permission from the government. These hackers can take the Bitcoin that we have. while the government has full control over what happens to the economic turnover of the country. And this also stings Bitcoin as an investment asset.
The hackers are a threat only for the centralized cryptocurrency exchange platforms and some online cryptocurrency wallets.They aren't a threat for the blockchain. The government can be seen as threat for the future of the cryptocurrencies,but I think that it is way better for the governments to keep crypto trading legal and gather taxes from the crypto traders,rather than trying to destroy the crypto economy while getting zero tax revenue from the crypto traders and users. |
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1.The impact of the BTC halving was pretty much wasted after the last summer.However,the expectations for the Bitcoin price growing rapidly several months after a BTC halving(just like in 2012 and 2016) are about to become true.
I think that we could combine those 6 fundamental reasons into 3:
1.Risk seeking investors bought Bitcoin,because they saw the potential profits.
2.Some institutional investors and big corporations bought Bitcoin for the reason stated above.
3.Money printing and stimulus packs pumped more paper money into the global economy and a portion of those money are used by the people to buy Bitcoins.
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How would PayPal benefit from such a strategy? Let's say they are in cahoots with the government and they take people's bitcoins....do you think it would benefit them at all? If a Bank takes people's money, they would effectively kill their future business... because nobody would trust their money with that Bank ever again.  I just think PayPal saw an opportunity to make some extra profits from a competitor payment option. If you cannot beat Bitcoin, you rather join them and profit from it. (This is what some exchanges are doing... the ones with the high profile Bankers)  PayPal are effectively helping governments to strip pseudo anonymity from more and more Bitcoin owners, by putting an identity linked to their coins.  Your logic would have been on point,if we were talking about a legit business,not about Paypal.  Do you think that a gigantic billion dollar corporation would care about the online business of some "average Joe",who is generating less than 100K USD per year selling stuff online.I don't think so. Anyway,you are right about Paypal trying to join the cryptocurrency world just for the sake of getting more revenue and profits and not because the PayPal CEO or their directors and shareholders "like" Bitcoin or the blockchain. |
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I don't know anything about this "rainbow chart",but it seems very bullish and optimistic.
What do you mean by "good price"?If you bought BTC at a price below 10K USD,then yes,20K is a very good price,but If you bought at 18K USD due to FOMO,then I don't know man,next year the BTC market might go into bear mode or it might follow the logarithms of the "rainbow chart" and reach 24K USD.
Bitcoin and all the cryptocurrencies are and will always remain unpredictable and I usually don't trust such charts,algorithms and logarithms,which are trying to predict the Bitcoin price.
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This is normal.In a bull market,most of the traders decide to HODL rather than selling their coins.
However,on the long term,the market liquidity going down is a sign that the prices might go down as well,due to the lack of a growing demand,which supports the price growth.
I don't know how accurate is this data and can we trust it,since most cryptocurrency exchange platforms are faking their trading volume in the last few years.Perhaps the exchanges are erasing their fake trading volume.
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Username: davis196 Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=710218Rank:Hero member Current amount of posts (including this one): 5711 Amount of merit EARNED in the last 120 days:18 SegWit BTC Address for Payouts: 376NEEiVa64wRuEpyPZLDeZoFMMjaqoyjJ I'm in another sig campaign,so I will update signature code,text and avatar ASAP,only if you accept me. |
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'Bouncing like a yo-yo'
During times of volatility, investors tend to move their money out of shares and into what are considered safer havens, like cash and gold.
Some feel cryptocurrencies are now being viewed as a shelter from stock market volatility. 1.The stock market(at least in the US) is showing sings of recovery,so I don't think that the investors are moving out of the stock market into the cryptocurrency market. It's just the speculative risk loving investors,who want bigger profits and are willing to take bigger risks.They are the ones investing in the crypto markets. 2.The investors who love safety and security(safe heaven seekers) will always choose gold and a certain type of stocks over Bitcoin and cryptocurrencies in general.They will always hate financial assets with high volatility. |
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Dude,your title is really misleading and a total clickbait.I was expecting you to come up with an actual theory about the upcoming destruction of Bitcoin.Instead of that,you are just writing about panic selling and your personal experience.I'm glad that you discovered Bitcoin in a darker period,when many people were hating on BTC,but Bitcoin has proven it's resistance and many FUDsters had to admit that BTC is here to stay.
With the BTC price going up,I feel that less investors will join and buy BTC,because of the fears that the price might go down,after reaching a new ATH.This is perfectly fine and only the investors that have patience will eventually take the biggest profits.
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That's great,but what's the point of sharing this info.Do you want to teach us how to play poker? Did you copy pasted this info from somewhere?Can you mention the source? I'm not interested in math and I don't care about the probability of getting a particular hand,when I play poker."Psychological" elements like having patience,persistence,and the ability to decide when to play aggressively and when to quit and the the ability to bluff are more interesting to me. |
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