The "new" ATH is basically the same as the old ATH from this year, which confirms an extremely bearish double top. All down hill from here.
This could be more critical as we are down again and if Bitcoin can’t rise we can expect a bear trend before the year end which is basically happened every year where people spend money during the holidays. For now, its time for altcoins to pump and happy to see some altcoins initiate the up trend. Bitcoin will rest for now and will wait for its momentum again. Don't expect this year ending to repeat itself like the previous years ending with the festivities. One of the very reason that this times may not be like the past is bitcoin has performed better than other years despite covid-19 challenges. Last year that is 2020 was the covid-19 pendamic year but it increased bitcoin price more, investors are hodling in expectation of 6 digit nobody want to miss the and institutional investors don't panic sell. So with the December month , things can be different. |
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Let’s be clear. From what I can see, it’s the company and not the platform whose name is changing.
I believe that it’s because they don’t want their name and branding tied only to one of their platforms - especially as they gain more assets under their umbrella.
I hope this makes sense.
Of course it is the name that Zugerberg is changing if you have watched the interview yesterday. The purpose, technology and mission still remain the same but there is something to a name because it will now have a new logo and identity. You don't rebrand without changes either in the name, identify , technology and mission. |
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Seems we forget how massive of an impact Facebook has contributes to the growth of the world been one global villages. We shouldn't blame the creators of innovations that changes the world just because few people are using it wrongly. If you're blaming Mark for the fake life people are living online then you should blame satoshi for giving scammers an avenue to scam with the tendency of never getting caught. You think without the social media the gospel of a decentralized currency, taking power from the elite and giving it back to the people would had been heard by many. Facebook and other social media did have their contributions, them been poorly manage shoudn't be used to downplay that. Let talk about smartphone, without them would we even be here today taking about a way to send money from the comfort otnour home decentralized.   lol nope . No doubt Facebook has been highly instrumental to the digital revolution so far. Yes bounties have successfully reached out to people via social media and all those are part of the crypto revolution but as always there are two sides to a coin, there are disadvantages and advantages, two sides to every story too. The PR critics are exploring the insecurity in social media and Facebook is just the present culprit for now either because they are trying to hide on a new umbrella name (meta) , who knows what twitter will come up with |
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Also, fuck Facebook and Zuckerberg. Both of them are the reason (along with the existence of smartphones) why 20 people can be standing in a room together and not be genuinely social--because they're on a cheap substitute, i.e., social media. It's sickening, and I'll have no part of it.
Yeah I kind of really consent with this and this is the major kind of criticism on Facebook. It has over blown the social media gig, has made fake life glamorous , giving people out as friends and yet they are far apart in anything that looks like such. The fake life and criticism will soon spill into the new acquired (WhatsApp) just like Instagram has already been bastardised with nudity, the sanity of friendship is far from the technology for now. Not caring about the negative influence of young people and people in general while connecting people. Many people have also been scammed through Facebook by people who hid on guise of friends. There are lots of security issues and those are the critism. |
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In terms of long term growth I am almost certain that bitcoin will hit 6 figures in a few years/next halving cycle.
This is quite possible with the speed of growth and the adoption rate. I don't think we are going bear as we did in 2018 and 2019 after the run of 2017
There are people calling for $150k BTC by the end of the year, $1 mil BTC by 2022, etc. etc. These are just not possible even with the Bito approval.
No not believing that $1m is realistic in 2022. It is a very huge dream to happen anytime in 2022. $150k can be thought of next year.
These are good indicators that the current bull market is likely close to being finished, imho. And this is coming from a long term bitcoin holder.
This is not over yet. A correction can happen to give strength to the bull run till December |
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I don't doubt repetition of trend and market pattern to happen but to rely on September and speculate for November or December of 2021 may not be followed. This year is having a different move totally different. For example we have had two powerful ATH unlike 2017 and now we are still expecting another over take of ATH.
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Love this.
I think that simple, low taxes for cryptos will enforce more compliance and could actually lead to more profits in the long run for the government.
The threshold for reporting is something that every government around the world should trial as well, because that would significantly reduce people's anxieties for record keeping.
I think this is simply a support to cryptocurrency, is a mode of soft adoption for crypto as it gives a soft landing in taxing. This sure will encourage hodling and will lead people in Slovenia to hodl more of cryptocurrency than fiat because of the low tax in cryptocurrency and conversion of fiat will be more in the region. |
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If we decide to adopt crypto fully as a global legal tender how do we deal with this price fluctuation.
This is the edge fiat and centralized currencies have over crypto and this has made so many shy away from doing legal business transaction using some crypto most especially during bear market. Can this issue get a remedy?
The volatility issue is that factor that I think may not go away easily and is because there is no regulation for the moment so nobody is restricted from buying or selling any amount in a day. Fiat has control through the banks and large amount of transactions are limited this hopes to control the amount of cash in circulation. |
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One of such hype again and bitcoin being the specimen to be dragged on the floor. A skit is a short drama and yes bitcoin is the lead cast at the mercy of some "devil" trying on being the boss. Is laughable that bitcoin will still get this kind of tussle at this time. Craig tried to hype around bitcoin but none has been able to succeed with all that media glamour they are seeking for.
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The private sector, particularly some sectors, are experiencing a demand of qualified workers and that means that salaries are likely to keep with inflation. However, the governments are playing with the idea of not keeping public salaries with inflation.
I think the government is the culprit of this and the high level of inflation. First, the government is beginning to shy away from their responsibility of providing amenities and take control of major human direct beneficial project, they sell out some government owned properties and corporation to family members and friends who determine how to run their business by themselves, they determine what salary to pay to workers and all these contribute to unregulated liquidity in the system especially in Africa. Governance is a serious business and unless people in government become sincere to deliver to small businesses and demonopolize the economy then inflation will keep increasing. Loans should get to the small business owners at low rate , this can curtail the rate of inflation. |
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Hi I don't think that's what Op is asking for. He probably asking for lawyers in cryptocreency matters and I think that is a new field in law yet to be explored but lawyers in business, commercial or company law can fit into his enquiry and not criminal or matters of sexual assaults. I opened the link and saw it is talking about military, criminal, sexual assaults and things of that nature.   |
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I see it also that it is a waste of time. Back in 2017 when it was ICO and airdrop craze just like a new stuff that came into town , most members did sign ups but having realized that they weren't getting the promises in delivering or getting worthless coin and not listed. ICO is the umbrella body for airdrop and now that it is glaring to everyone that it is exit scam (most), the airdrop craze too has dropped only newbies looking desperate go after the shit promise but come to express regret.
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Maybe I'm different from many people in terms of relying on analytical indicators. Although I have been in this field for many years, too many analytical factors make me feel very uncomfortable, partly because it can increase or decrease confidence in the market. I'm a long-term investor and don't care much about the factors that go into a planned process, I don't care what people think, I just like it and buy and hold. The opinion of others determines your own psychology is an investment mistake. Additional tools are good but don't rely on it too much, the sharks always know what we think, and the control is always on.
Well maybe you just simply a hodler who doesn't care about the outcome of what he is hodling at the long run, you don't care about the technology and innovation on the project which are mostly factors that will determine adoption of the coin, volume increase and the ROI to your pocket. You can hodl a coin and you don't know that it value has reduced or that an exchange is planning on delisting it and emails sent to your inbox to move out your hodling to another exchange won't be discovered. This kind of hodling is just like either you are investing through someone and just buy to keep for share luck to shine on you. I hope that you start checking your hodling on the exchange that you have it, if it is a shit coin some exchange may pull it down and notice are passed on that too. |
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What the man is saying is true. I agree that a currency should function well as payment first and foremost. And while there are advantages in using Bitcoin, there are also reasons why it remains to be not the most convenient payment method.
But I don't think that China is a traditional economy or neither will J consider such fast rising economy competing with America and other global economy to be a traditional economy. China is basically trying to go out of the current wave of bitcoin adoption but rather want to push forward the yuan with the population that is a big factor and market advantage. |
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That's very abnormal. The rich get richer, the poor go to prison. Poor people often commit crimes, Rich people will be more famous.
I think it is not abnormal but the reality and outcome of life. The rich get richer and the poor is made poorer syndrome is because of the access to power and economic resources. Example the rich person is likely to have rich friends whom he can get loan from to execute a business idea that will further enrich him or he is connected in government but the poor is likely not going to see his or her dream through or may "die" with the idea. If you have read Animal Farm by George Orwell, you can understand more why some human beings can always be there either because of family tree and history. Also , Rich Dad Poor Dad by Robert kiyosaki will teach some of the reasons more. Only a few hand full of the poor may find their way up the rope of wealth and richest especially with the cryptocurrency innovation where just hodling a few btc is worth a fortune.
Poor people are more often victims of crime because there are no security facilities. They will suffer more and more because of the greed of the rich who want to increase their wealth. Rich people can do whatever they want because they can afford everything including security and power.
No they are not the only but the rich is connected and either someone in the government or friend to friends in high places that can get them off the hook faster than you know or before it gets to public eyes. Files, calls and bribes are taken for it not to be below out to public. Common... They drink over such in round table. Such an unfair situation.
Poor people turn into parasites (harming others) because of the difficult demands of life, They steal to survive. The poor steal because they can't hold their hunger, while the rich steal by oppressing the poor because they want to increase their wealth.
Stealing is in the genealogy, can be adopted from others like friends. The stealing is not exclusive to the poor because the rich steal with the pen. Therefore, it is just the mode of stealing that may be different. |
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After the delay because of 61st independence anniversary This news of launch of the Enaira has been coming but delayed because of one logistics or another and the anniversary celebration but now it is getting to be launched by the CBN. This is suppose to reduce the pressure on fiat and make the naira easily accessible on the digital space meaning anybody from whatever planet can easily make transaction on the naira home and abroad. How do you see this launch and how do you think it will impact on the Nigerian economic especially as it is going to help create easy payment platform. negative or positive
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...
It's become the norm to pit the rich against the poor, and create extreme animosity. The political revolutionists just want to get anyone they can on board to push whatever political agenda they can. Whatever display of moral virtue they may choose, those demonizing the rich with extreme vitriol do so out of their own self interest, which has profound irony within itself. There are very wealthy people that exist who are horrible people, but owning wealth does not make you inherently evil or parasitic, and on the same note, being poor does not mean you are lazy either. This is part of my point that some rich people also do make value to the poor when they have provided them with jobs either directly or through the contacts that they have with their friends Value is created even when you provide food or shelter only because by that time you have provided immediate needs for the poor and the household. Food, shelter are part of value , it gives life and only the living can acquire other values that are futuristic. |
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Having a bitcoin should be a source of reinvestment because it is already a capital in disguise lol, a huge capital to say the least. At the time of writing, a bitcoin is $61,108 and that is close to 26million in Naira (Nigeria fiat currency) Here  Now investing in a land in Nigeria is one big business to do with bitcoin. A land unlike cars don't deprecate rather it increases in value and worth with development and amenities coming around it. So buying a plot of land with measurement of 100 by 50 in feet like the one represented below in chart in that location is definitely a good further hodl in land for bitcoin converted into fiat  The piece of land above in that area at the time now is worth 7,000, that is about 4,000,000 in Naira and with the rate of bitcoin you can buy 6 or 7 of such plot and continue to hodl. But this same plot of land last year was priced at 3,000,000 and previous year in 2019 was 2,300,000 and which means it has potential steady increase to the rate of a million naira yearly. This plot has finished edifices of houses surrounding it costing around 35,000,000 - 40,000,000 (between $60,000 to $70,000,000). The rate of increase is basically around $2,000,000 yearly, going with 6 pieces is $12,000 already. and so it is a good ROI if hodling one bitcoin in plots of lands. |
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About the rich, they do add value sort off during their investment in the country that adds to the GDP and increase per income to their employees. The employees are made responsible to their families as they paid and they take care of their children, send them to school, feed and provide shelter.
The rich also add value because of different types of taxes levied against them and their businesses. The monies being generated from that are used to provide social amenities to the people.
Likewise not all the poor are parasites. Some poor have good knowledge to be better but may lack capital to do something with their knowledge. The poor are employed in government and they develop good policy to the government, they are very dedicated to work for progress to the area of life they find themselves.
No, the "rich" parasite does not add any value by paying others. He is not creating anything for anyone. You do not understand the difference between money and value. Please, read a bit more carefully and see if I say that all poor are parasites in any part of my post. The rich is paying some one else, that is creating a job. How can you say that isn't creating something? Yes I really would think that paying some one else that is creating a job is adding value from the angle I'm coming from, by not generalizing. Some rich people may have given jobs to subordinate illicitly or for illegal purposes and for selfish purpose but at the point the money is paid it helps the next man to sustain and better their lives. I wonder how OP can push that away as not value Wages and salary are part of value at least considered as immediate value. Example Elon musk is creating value by pumping dogecoin and hodlers are making profit from that and that is immediate value but whatever is done with the proceed of the doge pump IMO may be the after effect but initial value has been created which is an opportunity of itself. |
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