The US Stimulus - How do you feel about it in general and also in how it is divided?
Do you think more should have gone to small businesses and families/individuals?
Yes,too little and too late.However,Trump is talking about removing the lockdowns in more states,which means that more businesses will start working again,which is better than just giving money to the people for nothing. When it comes to small businesses,I think that lending money with low interest rates and long payout is more flexible option,rather than just giving financial help.The stimulus plan might create inflation,after the pandemic is gone.
|
|
|
I was thinking if the world has the opportunity to restart again as the covid-19 pandemic has "made" it to look like, that different people would have this thought going on in their head. If the economy would have to begin again from the start, what would you want it to be like? Things you want to exclude or include especially with the economy in relation to bitcoin. Don't include move to regulate bitcoin because it is not going to work ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) . ** I would like btc to continue pairing with USD. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I would like the US government debt to be reduced and the Federal reserve system to stop printing US dollars and stop pumping the financial markets and creating bubbles.This isn't a steady economic growth,this is like pumping a fitness athlete with steroids.It looks good at the beginning,but it has devastating results in the end. In the cryptocurrency world,I would like 99% of the shitcoin/altcoins to disappear(especially the centralized Ripple). ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
|
|
Plustoken was a typical HYIP ponzi scheme that exit scammed(like every other HYIP ponzi scheme). I hope that the team behind this scam gets arrested and convinced(or punished) to return all stolen BTC and ETH.There's no nothing we(of crypto exchanges) can do.There authorities have to step in. Only thing we can do is to promote the simple "disclaimer",that everyone who invests money in such projects is going this at his own risk and there's always the possibility of losing all his investment. People will always have to do their own research before deciding what to do with their money.
|
|
|
You are scared of the US dollar losing it's "reserve currency" status?Are you a Bitcoin supporter or a USD supporter? If you ask me,the status of the US dollar as a reserve currency does more harm than good to America. The Federal reserve system just prints dollars and sells them to the rest of the world,the government debt and the budget deficit of USA are so insanely big because of the USD reserve currency status. If USD is no longer a reserve currency,the global debt bubble might not get so pumped and there's a chance for us to avoid the financial Armageddon.
|
|
|
This type of blackmail adult email scams is as old as the internet. Why do you care about this?Yeah,the scammer wants Bitcoin payments,but nobody with a brain would believe this blackmail and pay 1000 USD for nothing.Seems like people with internet connection,living in some third world country have nothing to eat,so they decided to do this desperate old email spamming blackmail scam attempt.Ignore this and move on.
|
|
|
CHINA'S ECONOMY contracted 6.8% during the first three months of the year from the year prior – representing the country's first and largest reported economic decline since it began formally reporting data in the 1990s.
I have till date believed that the Chinese economy was going to remain strong despite the virus crisis, but I’m stunned to see that their economy is contracting, and I believe this will impact each and every country’s economy who trade a lot with them. Furthermore what do you’ll think that China should do at this stage to arrest this fall, and most importantly do you’ll believe that they’ll be able to repair their economy?. Source: https://www.usnews.com/news/national-news/articles/2020-04-17/chinese-economy-contracts-68-as-coronavirus-cases-revised-higherThe western economies(and all the other economies in the world) are going down.China exports goods to the rest of the world.If the global economy goes down,the Chinese export will go down,hence China's economy will lower it's growth.We still don't know about the second wave of coronavirus happening in China.Is there a second wave and how big it is?Will it cause another lockdown? The Chinese authorities lied about the covid-19 damages,let's hope they won't lie again.
|
|
|
I get the Malthus theory and the market laws of supply and demand,but what's your point with this thread OP?It seems to me that there's just a bunch of copy pasted information and no thesis. The human civilization will be in big trouble within the next few decades,when the population growth of the third world gets out of control,however,I don't get why Bitcoin has something to do with this problem? The Malthus theory(and the Thanos theory) are about natural resources.Bitcoin is not a natural resource,BTC is a currency/financial asset.
|
|
|
So you were scammed by some HYIP(high yield investment program) scam and after that you gave your private key to a random guy.Damn OP,you should a write a novel about how to get scammed and what not to do in the cryptocurrency business.I'm glad that you have learned from your mistakes and kept your faith in Bitcoin.4 years ago,I was into the dream that Bitcoin is "get-rich quick" method,but know I realize that BTC is just a financial asset.There's risk involved in trading financial assets.
|
|
|
Are going to continue the good old "gold vs.bitcoin" discussion? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) In a crisis,95% of all people stick to what's known and what they are familiar with-gold. Gold isn't as volatile as Bitcoin and it's price/value increases every time there's a economic/financial crisis. It's common sense the the gold price will increase and the Bitcoin price will stay volatile.Bitcoin is a riskier asset than gold.Most of the investors are running away from risk. When everything is back to normal and greed starts to dominate over fear in the markets,many investors will choose bitcoin over gold.
|
|
|
This was the consequence of covid-19 and it caused most of the financial funds to freeze. in fact they don't want to send money back to investors for a reason. These pension funds work quite similar to financial investment funds, but they invest a lot safer and are usually long-term investments. and when a pandemic comes unexpectedly, it seems that their pension fund does not have enough money to pay investors back immediately. We should all understand the current economic situation and sympathize with them. I still believe retirement is still legal, just a matter of cash short-term issue. A pension/investment fund is like a bank(the difference is that the fund doesn't lend money,it buys stocks and bonds).When all the people,who have money in the fund want to withdraw their money back,the fund doesn't have enough money to pay everyone,because it can't just sell all stocks and bonds that fast(the liquidity on the financial markets is going down,prices are going down as well). Just like in a banking panic. The people,who saved money in a pension/investment fund will just have to wait.
|
|
|
I thought that the Libra project collapsed,because all the partners left and the US authorities threatened the project.Is Libra relevant again?Will Facebook continue this project without any support from other partners and without permission from the US authorities? Talking about a project that still isn't launched(there's a possibility that it might never be launched) is just pure guessing,fantasizing and rumors. Comparing libra with bitcoin is also wrong.Facebook just wanted a payment method for their services,they don't want a new cryptocurrency that will dominate the crypto world.
|
|
|
1.Spot imposters-I usually don't trust anyone online.The line "the ones who are close to you are the ones that will try to fool you" seems kinda paranoid to me.Do you mean that your closest friends and family will try to scam you? 2.Do online research.-I always do that.You have to be a complete retard in order to avoid doing this nowadays. 3.Caller ID-Usually,I don't talk with strangers about money.Even if I do,I don't give them any money. 4.I never pay upfront for promises,unless there's an option for refund(good old paypal is kinda handy). ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) 5.Yeah,double checking is a must.
|
|
|
During the last 2 weeks,the forum was full with the "stimulus plans will pump the bitcoin price" type of bullshit posts and threads.That didn't happen and now there's no BS for the simple minded people to preach. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) If there's resistance for a few days and the price is around 6,6K to 6,8K USD,I assume that soon more people will start selling and we are going to see prices under 6K USD again.The halving might help a little bit for keeping the resistance,but we don't know what will happen with the pandemic and the lockdowns during May and June.The previous 7,2K price level might have been a "dead cat bounce".Nobody knows.
|
|
|
Google has removed 49 cryptocurrency wallet browser extensions after a security researcher discovered they were stealing private keys. These Chrome extensions targeted users of crypto wallets, such as Ledger, Trezor.
What do you think of this move?
It would be even better if they remove all malicious android apps from Google play. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I don't know what kind of people were using those browser extensions.The average cryptocurrency user is usually more tech savvy and knows how to spot shady scams and hacker codes. Many hackers are using a Chrome extension called Tampermonkey.The extension itself isn't dangerous,but it's used for executing malicious codes.
|
|
|
As we see everyday many people are dying every day in Europe and America and their economy is going down every day and economy specialties are guessing that the USA will lose his position as economy king and china will take over and we are already seeing that china economy didn't drop much and there already making money in this crisis.
With or without coronavirus pandemic,it was expected that China will become world's biggest economy after a few years.The pandemic might speed up this process,after the western economies are seeing a decline. But in terms of wealth of the population,China will never beat USA and Europe. If Trump wins a second presidency,he will most likely impose new and higher import tariffs for Chinese goods,this might hit the Chinese economy.
|
|
|
Hey bitcointalk society! Last time I wondered, what industries really had profit from bitcoin payments. Unfortunatelly, I didn't find a quality research about it. But based on logic I can suggest that these are the industries where clients would like to keep their anonymity + the industries with a big turnover. Examples: Banking & Finance, Gaming, Travel,Digital goods, Adult industry. What do you think? Would it be interesting for you such type of research with the true figures?
How can you gather accurate information about such research? There are hundreds of websites that accept BTC payments,but most of them are really small and you have to search a lot,in order to find them. The main online industries that accept BTC payments are:gambling,sports betting,adult,gaming and webhosting. You should exclude banking from your list.I don't know about any banks,that accept cryptocurrency payments.
|
|
|
OP,I believe that Bitcoin isn't just one thing(from the list that you described).This explanation of what Bitcoin actually is seems very oversimplified to me.Bitcoin is a combination of the things that you mentioned in your list.I can say that,at least in the eyes of FUDsters and altcoin supporters,Bitcoin can be considered junk as well. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I don't think that BTC is junk,it's currently evolving and nobody knows what Bitcoin will become after 5-10 years.
|
|
|
This is bad.The Chinese authorities were so overconfident that they had defeated the virus and now their propaganda got busted.Last week,there were news,about Chinese people that were returning from European countries and USA brought the virus back in China. I guess China has more experience with fighting the virus and it will impose totalitarian measures,like mass lockdowns again,so there's no need to worry.The battle against this god damn plaque will continue longer than expected.
|
|
|
Basically,Dan Morehead says nothing new. The Bitcoin price might explode,or it might not.There's a huge uncertainty in both crypto and stock markets and the crisis won't be V-shaped(something most of us already know).For some reason,he thinks that central banks will be more favorable towards cryptocurrencies.I wonder why?Does he have some secret insider information about what central bankers think in regards to Bitcoin & altcoin adoption?I don't think so. Stock markets will recover slower than crypto markets,because many companies are will be under lockdown for months.
|
|
|
your problem is that you are focusing a lot on the price and profit making from bitcoin that you have started to forget what bitcoin really is. there is no "shifting of wealth" since bitcoin is not made to give people profit or help them make money. bitcoin is just a currency and as a currency it was designed to have a reasonable total supply as its maximum allowed supply (cap). the main reason we have been seeing bitcoin price shoot up (from zero to $20k) is because its adoption is growing. otherwise when mass adoption occurs the price will become stable and only rise against fiat when fiat loses its value.
Bitcoin adoption is growing,but not so steadily and not so fast.The prices get pumped by the crypto whales and often we can see some short term price bubbles.Anyway,demand isn't the only factor that pumps the Bitcoin price.The federal reserve system is another big factor. When the BTC/USD price increases,that doesn't always mean that Bitcoin became more "valuable",it means that the US dollar became cheaper,because of the FED printing/quantitative easing/low interest rates. FED's policies can create inflation in the financial markets,and inflation really re-distributes wealth-it makes the rich even more rich.
|
|
|
|