I've just thought about this for a moment but, if we want bitcoin to get more popularity, attention or acceptance would it be nice to make some advertisement about it on T.V.? I don't know if in other countries they advertise bitcoin but in my country, I haven't seen one. How do you think advertising bitcoin will affect the people? Any thoughts?
This is my opinion. While television networks own the air time they have paid the government for their franchising fees, their freedom is limited or not absolute. Like for instance, they cannot accept all forms of advertisements if these are contrary to law, good morals, customs and etc. Thus, said freedom is especially limited by governments for good governance and proper regulation. Without proper regulation, there is chaos. Hence, there are no advertisements of Bitcoins on TV. Let us put the legal stuff aside and let us be real for a moment. Do you know why Bitcoin does not have any advertisements on TV so far? Because no one is willing to pay for a cryptocurrency that they don't fully own yet. The advertisements you see in TVs are companies endorsing their products, I as a Bitcoin holder is not willing to share part of my earnings in order to put in the views of people as it will be a bad first impression for people spreading Bitcoin as some kind of product will not make them use Bitcoin. |
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if that was the opinion of the economists, then i think he is wrong. I don't believe bitcoin is like a bubble, because if so, why do rich people keep investing in btc? and why lot of people become rich because of btc?
It is not an indicator. Bitcoin is very similar to bubble. But any pyramid always brings good money to those who started to invest money in it. Bitcoin purports to be a currency. But we see that sellers are reluctant to use bitcoin. It can be solved only in case if the turnover of bitcoins in trade and manufacture. Until this will not be bitcoin is at risk. Well that is how a bubble works people give Bitcoin their perceived value without any financial background backing their claim. There are no fundamental indicators but purely technical ones on determining only the flow of the prices but it cannot give us an exact fair market value for Bitcoin. Comparing it to stocks if vompanies you will no financial performance of it and also comparing it to fiat currency there where a country's economic performance is areflection for its price. |
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200-600$ is not what you called a little money, stocks thats are priced on the level of Bitcoin does not have that kind of range of volatility. And obviously seeing Bitcoin having a strong price pump will result to other cryptocurrency turn red as other traders will off load their altcoins in order to buy Bitcoins in return. The only traders crying blood are the ones who didn't participate the price pump of Bitcoin.
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Well its not that hard to receive the payments from other means other than bank accounts. But you can see in these kinds of situation how banks are powerful and useful even to people who use it as a mode of treceiving payment. But I can see that the future of transactions with Bitcoin if their bank accounts are blocked they will try to exchange their Bitcoin or any cryptocurrency directly to Fiat currency via independent buyer of cryptos.
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Its fundamentals does not have a value of zero, the value of Fiat currency is in direct reflection of a country's economy as well as the supply and demand of the fiat currency. How can something be a bubble if the world markets are the one who are giving them a fair market value? It is hard for a country to make their fiat currency appreciate in value without making their country grow. Also being a medium of exchange for a country makes it really hard to give it an overvalued state.
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It is the first time I am hearing the term "burning of money" in economics which I suspect that CNBC just created the term in order to have a news article or something. It is something common now in which they will put up a so-called economist for an interview about what their views on something in an economical standpoint. Of course these kinds of news affects the price of Bitcoin negatively as it makes people sell or makes gives the players a catalysts to take profit.
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It was one on the issue Satoshi saw the world needed it. But as far now it mainly use is trading for speculation by the newbie and holding by one who bought it years ago.
Of course it needs to be legalised FIRST somewhere. But after that a, will you buy something online and pay in BTC ?
Or it’s just a form of investment like gold was a decade ago ?
It is true that it was created as a currency for online transactions but it really did not solve anything. For me it just paved the way for online drug dealings more easy for people who never want to be caught. But overall I don't see all online stores accepting Bitcoin. I mainly see Bitcoin as some sort of money making asset in which all people are trying to profit from it and some people don't even use it as a currency anymore because of its transaction fees. |
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Well it is easier said than done. When you are put to a spot where the traders see that their portfolio is red your emotions will overshadow your thinking making you have wrong decisions and often lead to messing up your plan. When you are affected psychologically it really won't help you as you will see that Bitcoin is really going down fast and you will always think that it is a game over for Bitcoin making them cut their losses. For me when to avoid scenarios like this you must observe the charts in order to know where the trend will go.
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The basis of your tax on a standard will be the current fair market value of its fiat currency equivalent. Which means if you will reflect you income from Bitcoin transactions you will convert it to its fiat currency equivalent during the transaction it was taking. To keep it simple just think of it in terms of Fiat currency where you don't look at the appreciation and depreciation of Bitcoin as it will really confuse you.
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From what I have learn with my economics class a bubble or an asset bubble is an overpriced asset in which it is priced more than what it is really worth. Right now Bitcoin's price is based on nothing else but the consumer's demand compared to other assets where you can analyze other financial factors to base your buying and selling decisions. Bitcoin's price is really high to be called a currency right now as it exceeds every Fiat currency out there.
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I truly beleive that Bitcoin is here to stay. It will probably take a few more years to stabalize.
People HOLD bitcoin for no other reason except speculation IMO.
If they are holding for no reason then there is no reason to hold because you need to have a goal or target for your investment in order to have discipline and clear vision in the future. Bitcoin is an investment and because of their speculation they are thinking and believing that bitcoin will reach to a very high price and that is why they are holding bitcoin. You don't use speculation on building up an investment. You only base speculation on a trading plan in which you have a limited analysis and information on something that you are basing your gut for holding such thing and in this case it is Bitcoin. Right now people are holding Bitcoin hoping that they will be brought by the tides of the price action so that they can profit afterwards. |
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I don't think that a payment system can be considered as an invention of the century as their is no revolutionary thing that it did nor did it solve any global problems about the payment system. For me the invention should be beneficial not only to you but also to other people like an invention that can solve global warming or to even eliminate some kind of pollution that is destroying the earth. Bitcoin didn't solve anything nor did it improved the payment system we currently have.
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If you have ever authorized them to do so the best they can do is to see the transactions you are having but they won't see what kind of transaction are they because they won't know it if it is for buying or selling and if it is for remittance. It all boils down to the Bitcoin iser of becoming an honest person who will be paying his or her right taxes. I want this to work in order for the government to be in full support of Bitcoin
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Golden State warriors are chapions last year they will defend the title and they got the best five, Stephen Curry,Durant, Green,Thompson and Igadala but Clevland want a revenge but without irving will be difficult.
what do you mean? with wade,rose and thomas i think it will not be a hard way for them to reach back to the finals and without any big names from the east which will be much easier for them unlike with west, houston and san antonio are the hindrance for gsw to win again the title. What do you mean? They got Isaiah Thomas to replace Kyrie Irving which I believe is a 1$ to a 85 cents kind of trade and the 1 dollar is Thomas. Not to mention Jae Crowder and the Brookly Nets 2018 1st overall pic is with them. Isaiah Thomas will be a complete improvement over Kyrie and Jae Crowder will help to match the bench production of the Golden State's bench. There is even no assurance that they will be facing each other again in the Finals as many teams are stepping up their games. |
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Oil being finite is not the problem, as far humans and the next hundred years its infinite. Its only the cost to discover and extract that would discourage its use, also it could just be less efficient then new forms of electric power.
Nuclear power is already more efficient then oil but many other things are not (vs Saudi oil costs), however oil is not as clean to use at point of burning. It makes alot more sense to have all electric use in major cities of the world, if anything we are behind in that as a feasible scenario.
The electric also requires some oil usage for production but the emissions would be outside cities. There is also an increasing case for use of solar panels, the main reason is always efficiency and solar is now better performance to price.
Long term oil will be replaced but I do not believe it will run out. Many areas of the world are still not used.
I essentially agree with what you say As the saying goes, the Stone Age didn't end for the lack of stones, and it is pretty much the same with oil. That said, I can't quite agree with your optimism (if I can call it that) in respect to solar panels. They may become cheap and efficient (on their own) but they are not very useful where most electricity is consumed. I mean the best part of Europe, the US and Canada where there is not enough sunshine to make them a viable solution. So with solar panels we are still inevitably stuck with the issue of efficient power transmission over long distances. You simply can't raise voltage infinitely to diminish the loses due to resistance of the wires, and until there are major breakthroughs in superconductors or similar technologies, solar energy will continue to remain a marginal source of power for most of the industrialized world Finding new oil is not the problem here. They are actually freezing the production of their oil both Russia and Saudi as what they are calling it an overproduction making the price cheaper and giving us an oversupply of oil making the price to go up again. Another thing that is causing this is the pushing of other renewable energy making oil companies maker there move to make more profit until there is still a working oil powered machines. |
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Why the hell will they do that? IRS is a government department of the United States and as far as I know it operates in a legal way, they are not the FBI or CIA in which they are authorize to do so. They need to have permission with Coinbase before accessing those accounts as if they do without any permission they are in violation of the users' privacy. Also even if they are successful on penetrating a wallet how will they link you or how will they link your transactions if it came from a mode of payment or just a remittance? It would be a complete waste of time for their part.
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From all the possible scenarios only one is believable and it is all of the government of each country decides Bitcoin as a global threat and decide to ban it worldwide where they have the power to do so within the reach of the internet from banning all wallets to blocking ip addresses it is all possible to be done by the government. But it all depends if people in the future will really abuse the anonymity of Bitcoin that it can affect the economy of a country or the prominent use of Bitcoin to enriching criminals.
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From all the news headlines I have seen and heard banks looking Bitcoin as a threat is one of the most unreal topics out there because I cannot see it and banks are financial business in which you cannot destroy, even the governments rely on their central banks. A cryptocurrency like Bitcoin cannot really post a threat on a banking business as if you are thinking that by using Wallet you are earning more will change people's minds you are wrong because the main point of putting money into banks is by securing it and not by earning from it.
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CP3 also has an injury. What a season opener this is.
Yeah. He will 3-4 weeks out of the game floor because of an injury. I already read an article about that but I forget what injury he has. Still praying for those NBA player who suffers injury. And hopefully no on will next in those injured Players. The number of players (especially starplayers) being injured if overwhelming as mostly yhe known players having some serious injuries. The only reason I can relate to what is happening now is the level of competitiveness happening this season where players are pushing their effort to the next level to win games. |
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Can you really be sure you will profit unless you have insider info?
No. I do not really think so that trading was just an educated guessing because guessing is not that accurate to rely on. I think that trading is a strategic and more complex thing rather than just an educated guess. You do not really need to be an educated individual in trading because as long as you know how to interpret and observe the price flow, it will be assured that you can have a good trading partnership which is beneficial on your part. Insider Info is something of an advantage but not that much, it does not necessary give you the upper edge. It only gives you the chance to buy it at the best lowest price or sell at the best highest price. But everything will be obvious as it will reflect the charts from its price and its volumes, also it is not a one time thing it will be a ripple effect the inside info will be spread out to various people until it will reach you which means it is never too late to be part of the trade until it is over. |
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