With another surge for bitcoin for the recent months, that clicked the curiosity again of people of what bitcoin is. And upon learning that there's a bullish scene that's happening, that's what made them decide to invest on it.
Also, while people are staying at home. They have done their research proving what bitcoin is and if it's a worth investment to take, and the result it could be that research made by chainanalysis.
It will also be interesting as to what level is "bitcoin" in Google's search algorithm, I wouldn't be surprised if it also spike and will continue to spike in the next coming months as we are in a sort of mini bull run after the block halving. And with people really just staying at home because of the current pandemic, there could be some who are entering and investing in bitcoin. Regardless though, we all know that an all time high will be forthcoming and I do hope that those young investors can join the fun ride that we will be having. Yes, that surge in google index for searches like bitcoin or anything that has a bitcoin keyword helped this research to have that high result in numbers. We're expecting them to come again if the actual bull run comes and it's making the speculators crazy and even those observers that are still in the middle of their thinking whether to buy or not.
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With another surge for bitcoin for the recent months, that clicked the curiosity again of people of what bitcoin is. And upon learning that there's a bullish scene that's happening, that's what made them decide to invest on it.
Also, while people are staying at home. They have done their research proving what bitcoin is and if it's a worth investment to take, and the result it could be that research made by chainanalysis.
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It could be that they can slow down the process of inflation by cutting off interest rates.
I should preface by saying I'm not an expert either, but, the correlation between inflation and interest rate is inverse, in very simple terms; the higher the interest rate, the lower the inflation rate, and vice versa. So, lowering the interest rate to near zero is meant to stimulate the economy and keep the inflation rate stable at near 2% or slightly higher. If it goes much higher than this levels, hyperinflation would set in. The pandemic has caused lots of businesses to shutdown, leading to employment and hence a stagnation of money in circulation, to counter this, Central banks initiate policies such as lower interest rate and stimulus packages, people would be able to take out loans at a much lower interest and would have cash with which to stimulate the economy - this would encourage spending. The Bank of England is considering a below zero or a negative interest rate from the current levels of about 0.1%. This policy can also be used to reduce the money in circulation; during a booming period banks can set much higher interest rates - this would encourage saving We should note that these policies has its negative effects, banks giving out loans at a loss would lead to deficits, leading to losses and declines in bank stocks. Encouraging people to take loans would also lead to more bad loans and more defaults, further straining the banking sector. This is a very insightful thought and made me realize the possible reason behind all of those cutting of interest rates. I'm contemplating after reading your comment how does the reduction of the interest rates work and I'd say that I appreciate it, thank you. On average, officials don't expect 2% inflation until 2023.
They've just printed stimulus checks and then assuming that only 2% inflation by the next three years? I'm not an economy expert but with all of those injections that they've made, it's already that enough or even too much to project how big the inflation rate for the next years to come and could happen as early as it can be. It could be that they can slow down the process of inflation by cutting off interest rates. But CMIIW, that it's an imminent thing to come after with all of those printed money. i think most of it is only to keep the masses calm and try to keep the inflation rate of both this year and the next at a smaller percentage. otherwise with the way economy has been hurting over the past months along the crazy amount of money they keep printing we can expect a lot more inflation than 2% for this year alone which we've already started to see too, and a lot more for next year. Yes, basically the inflation that we're about to see or whichever country we're residing will only experience this 2% or near to it as the beginning and there's more for the upcoming years until everything stabilizes and the economy's back and calm again.
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That's good to hear that you got the free 400 Uni. A year ago? I didn't know that this Uniswap has been existing a year ago, I've just heard it just a few months ago. Could you tell me how to join their pool? I'm quite ignorant with this trend.
I became hooked and got hyped with the excessive news about the airdrop and those people who have earned a lot from it. Maybe I can also get into its pool and use my spare money on it if I understand it very well.
Uniswap since existed in 2018 but at that time it was not so popular as now only DeFi is able to improve the quality of Uniswap which is increasingly being recognized among investors, especially with the large airdrop which makes many people happy for those who have traded at Uniswap before 1 September really lucky they are here I am late to use Uniswap if you want more profits. Maybe I will try to use Uniswap with the use of DeFi tokens or with the prefix Yearn, sometimes it's still profitable. That's a trivia for me, I'm not really aware that they've been existing that long. I thought that they've just existed a few months ago because of the hype for the DeFi projects. It is a success for the developers of this project. Everyone is being brought through hype and the potential that it's showing to everyone. It has also managed to be under the top 50 easily in the crypto market cap rankings.
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My reaction is simply, "nice". I have that first thought because it aims to larger investors that are also aiming to invest in cryptocurrencies. At least, they have a bracket of their targeted investors.
This is what we like right? The institutional investors, large investors or corporations, and other big companies that are wanting to invest in bitcoin. If this makes the process for them easily, other countries might have an idea of doing the same.
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That's the common mistake that I've read also with other gamblers that have shared their story. The greediness caught them and they became uncontrollable because all they did was to chase the profits and eventually losses have spiked.
It's a very important lesson to learn from those experiences if others have been reading a story like this. They get to know what they should prioritize, what to understand, and what are the do's and don'ts as they gamble to avoid the same experience.
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I started to become interested in UNI when I've seen everyone talking about their free $1200 or 400 UNI tokens. And upon researching, there's no way to become eligible with that airdrop if you haven't used their exchange before September 1.
Well done for those traders and investors who have believed in the project and received the free money that they have. And that guy who has shared his post, it's amazing that he has shared but if I were him, I'll just keep it to myself. Well anyway, it's up to him and he did great for making his fortune with Uni and to everyone who got it.
I was one of the lucky guy who got the free 400 Uni I only swap once there and that was over a year ago, I was surprised to received the 400 UNI now worth over $5, so far this is the highest airdrop I received, UNI is one of the reason why there is huge fee I need $20 to received my airdrop but that's nothing compared to the price of Uni now, I am thinking of using my UNI to participate in their pool because it looks profitable. That's good to hear that you got the free 400 Uni. A year ago? I didn't know that this Uniswap has been existing a year ago, I've just heard it just a few months ago. Could you tell me how to join their pool? I'm quite ignorant with this trend. I became hooked and got hyped with the excessive news about the airdrop and those people who have earned a lot from it. Maybe I can also get into its pool and use my spare money on it if I understand it very well.
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I think we already know that the follower service is not all satisfactory. That's why I think it's a good thing but it can't be the main reference for success. We have to choose the best way by creating interesting content for followers to come by themselves.
If a channel or a page purchased the following or boosting service. They may look good in the sight of the visitors upon viewing the people that are following them. But in reality, they're all decoys. No real engagement and that's what you get for purchasing those. I agree with the suggestion of TUE that it's better to grow your channels organically because there's real engagement from the members. its impossible that they dont know what is right or what is wrong because they are business owners . they do have a knowledge on this things but the problem of the people is that we are lazy to work from scratch and we wanted instant results. they dont have the time to grow the channel manually if they already released thier project but if they plan and think about this at the start , they will first work on the harder part like building and growing a channel . Not all of them knows the importance of engagement. What matters to them is the displaying number of followers, likes and other number indicators of their social media channels or communities. As they want to be quick, they'll do with the shortcut and that's through purchasing those followers but most of it are fake followers or bots. No response and engagements which they can see if they are a page owner or even a Telegram channel owner.
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I think we already know that the follower service is not all satisfactory. That's why I think it's a good thing but it can't be the main reference for success. We have to choose the best way by creating interesting content for followers to come by themselves.
If a channel or a page purchased the following or boosting service. They may look good in the sight of the visitors upon viewing the people that are following them. But in reality, they're all decoys. No real engagement and that's what you get for purchasing those. I agree with the suggestion of TUE that it's better to grow your channels organically because there's real engagement from the members.
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I started to become interested in UNI when I've seen everyone talking about their free $1200 or 400 UNI tokens. And upon researching, there's no way to become eligible with that airdrop if you haven't used their exchange before September 1.
Well done for those traders and investors who have believed in the project and received the free money that they have. And that guy who has shared his post, it's amazing that he has shared but if I were him, I'll just keep it to myself. Well anyway, it's up to him and he did great for making his fortune with Uni and to everyone who got it.
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Thank you. I may go for hardware wallet. I think its the best.
You're welcome. Hardware wallets are safer but the one that I'm using is with Ledger. Choose from Nano S or Nano X, any of the two will do as long as you can avail it.
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It does happen when someone is very much happy with the outcome of his investments through bitcoin. At some point, it's a fact that bitcoin can save someone from this economic crisis or with this pandemic if he has no savings left but the only bitcoin as his asset and then he starts to cash out for his needs.
In Venezuela, I watched docus that it's saving the people there who's been into bitcoin as there's hyperinflation on that country. You just can't bring a lot of cash with low value and most of tx is there starts to become digital.
I understand that it's getting too much but we can't stop those folks who are talking like that. Maybe, they really are overwhelmed with the results for making bitcoin as their investment.
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Every single dollar of bitcoin's increase is total profit for them. They can sell at their own will anytime even if there are just a few dollars to hundreds of an increase in its price. I don't expect them to hold for too long if they have to need the money, they'll start to sell as long as they are on markup or profit.
I guess it's a company decision not just by the owner itself and as long as they know what they do, they shouldn't worry at all. If they've seen by other companies to make a profit from what they did, let's expect some companies will do the same.
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On average, officials don't expect 2% inflation until 2023.
They've just printed stimulus checks and then assuming that only 2% inflation by the next three years? I'm not an economy expert but with all of those injections that they've made, it's already that enough or even too much to project how big the inflation rate for the next years to come and could happen as early as it can be. It could be that they can slow down the process of inflation by cutting off interest rates. But CMIIW, that it's an imminent thing to come after with all of those printed money.
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After ICO, IEO, Defi, Uniswap. I guess, this is going to be the next thing that the crypto market will ever had, the CBDCs. The idea isn't new and I've seen news regarding it with China and Europe. It you consider Maduro's Petro (petromoneda), then this "Sand Dollar" is not the first. And agree with @ Jet Cash, probably this and just like the rest of other so called CBDC, this is not decentralized, and it will make easy for government to track your every purchase, and the tax, just like Russia's Rubble, it will also yields additional tax burden for it's citizens.
These government backed up currencies as they call aren't really different from the digital cash that we have for each of our countries. The name's just a bit different to make it sound like something new.
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I don't listen to all those negative comments. Got Freewallet's app for a long time and my acc works fine. Custodial or non-custodial, it works much better than other wallets. My USDT has always been safe there.
Never heard of this wallet and I won't be surprised if something goes wrong with those unknown or uncommon wallets that you are using. Don't compare custodial to non-custodial wallets. There's a huge gap between them. With the bad news that has been heard about USDT, OP you can start with bitcoin rather than go with a centralized stable coin instead. It's best to start with bitcoin for beginners, you have a lot of wallets as an option too.
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Those people that are jobless now but managed to save through bitcoin before the rainy days which we're dealing with today, did it correctly. They have money to use which they can get from their pockets because bitcoin's value has grown if ever they've bought it at the lowest price.
Bitcoin's help as a store of value for individuals like us has a big impact because, we're not like the others who have nothing to spend on and didn't cared of investments or store of value that they can take before the pandemic hits.
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Is there an open source wallet, with ETH and ETH classic and more coins
Hi ermis1975. I saw you asking here after your thread on the web wallets. If the purpose of keeping your ETH, ETC and other coins is for long term holding. I like to advise you to buy a hardware wallet. Any of the two will do.
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I had send for support to jaxx.io (facebook). They answer me and ask me if my wallet is validated, and to send them the words! to fix manualy my account, because it has problem! When i told them that my wallet is ok now, they ask again the words to validate it so next time it will be ok. Is this normal? I dont think so. They try to steal my wallet. I report that page.
Don't send it. That's a fake Facebook page of theirs, they won't ask for your recovery words. They will not fix your account, there's no need for the recovery words. Copying of popular wallets pages are rampant, they're scamming/hacking people through that kind of words. Never send those recovery words to anyone. I report that page. I didnt send them anything.
Good. Contact them only through their webpage support. Click the "Help" on their page.
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Not this is just for learning purpose as I said above I have no intention to create own token or coin. It needs huge budget, team, and time and most definitely idea which I don't have. Actually I was looking for platform where I can create token (like WISH platform).
Okay. Thank you for verifying that. I can't you help with that anymore as I'm not into development. You can search this the same question on the Ethereum forum where erc20 token developers might have made the same discussion or topic. There could be a topic that's made with the same question. I'm surprised to see that forum isn't that active anymore.
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