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561  Economy / Economics / Re: The productive capacities of an individual to the society. on: January 25, 2024, 05:59:38 PM
Like a few other people, I want to say I'm not sure what the op's main point is. I understand all the words, but I find it hard to grasp how they come together.
The way I understand it, the post is about how much a person should rely on oneself vs how much should be expected from the government/society, and the op's position is that people should rely on themselves.
To that, I'd say that it's good to rely on oneself in general, but I believe it depends on the kind of economy a person lives in. If it's a country with very centralized economy and restrictions, then relying on oneself can put a person in a very difficult position, perhaps lead to imprisonment. If it's a social welfare kind of country, I think it's okay to rely on the country for some support and services when they are needed, and if it's a more traditional capitalist country, it's okay to be upset about how much is in the hands of corporations. So different behaviour is appropriate in different countries, and different economies offer different opportunities.
562  Bitcoin / Bitcoin Discussion / Re: How do they managed ? on: January 25, 2024, 05:42:13 PM
I see many business companies in the world are currently accepting Bitcoin or cryptocurrency as payment. We all know that cryptocurrency is associated with high volatilities, now I have a curious mind, how do they cover up by accepting these high volatility coins?
Do they all use the gateway to exchange those for stable coins or do they hold that?
There are indeed a lot of strategies here. I think the most common option I've seen is using a payment system that instantly converts the payment back to fiat. This way, a customer can pay in Bitcoin, but the business gets fiat and keeps everything in fiat. Some, of course, allow themselves a little diversification, keeping some funds in Bitcoin and considering it an investment. That can also work quite well, considering that Bitcoin tends to eventually recover from the bear markets. I've also seen some companies keeping their budget in Bitcoin, but those were small businesses, and I do think that's too risky.
563  Bitcoin / Bitcoin Discussion / Re: How the Bitcoin ETF could actually tank Bitcoin's market value on: January 25, 2024, 05:31:37 PM
Companies have been trying to get an ETF approval for many years, so there's been a lot of time to put Bitcoin under scrutiny. I think that this market just opens up new opportunities, makes Bitcoin attractive to investors who deal with traditional investments like those the op mentioned. Bitcoin will remain appealing to all those who were with it before the ETF approval, and it can start being appealing to new people. Some might shy away from it, but that's not a problem.
Decentralization isn't a myth, Bitcoin isn't a meme investment, so the risk of that disenchantment happening seems low to me.
564  Bitcoin / Bitcoin Discussion / Re: Bitcoin Halving effect on: January 25, 2024, 05:10:52 PM
As we all are aware Bitcoin Halving is excepted to happen around April-May2024. Dare I say whatever price BTC sits on today is irrelevant and can expect an exponential growth after May2024. If we look back at each time Bitcoin Halving took place in the past (November2012,July2016 and May2020) We have seen tremendous growth in prices due to supply shock. I think anyone who truly believes in Bitcoins future could not ask for a better timing to invest into it right now.

Even for those who want short term goals could easily see their investments grow like crazy by next halving which be in 2028.

"Those that fail to learn from history are doomed to repeat it"

This is just something i thought i would share with the community if someone wasn't aware but let me know what you believe and also please feel to share your thoughts on this even if you disagree with whatever i've said above.
The growth wasn't necessarily due to supply shock, as you put it. Growth seems to happen after halving, but not immediately after it, and perhaps it can't even be directly attributed to it. It can be just FOMO due to being reminded that fewer and fewer coins are entering the total supply, or just increased demand because of some Bitcoin cycles taking a certain period of time. It's not so easy to measure, and there haven't been many halvings to say that it's a strong correlation. Halvings will keep happening, but I think Bitcoin would grow by 2028 even if the halvings stopped all of a sudden.
565  Economy / Economics / Re: My life plan for wealth and btc good idea on: January 25, 2024, 11:59:09 AM
I agree with what others are pointing out in the thread, but I think in a matter like this, the more points and posts you get, the more convincing it becomes. Nobody knows the future, so nobody can guarantee sure profit and accurately predict the price. Thankfully, the charts of the price so far a widely available, and there are various patterns people spotted, about which you can read online. You can clearly see the long-term upward trend, which makes a long-term investment in Bitcoin look safe, but the trend can change at any point, and nobody can predict when it happens.
566  Economy / Economics / Re: Is the export of goods related to manufacturing capabilities or resources? on: January 25, 2024, 11:28:19 AM
Hm, the op's asking a pretty tough question. I think the two (manufacturing capabilities and resources) are related, but that it also depends on the type of export. They're related about without resources, you're unlikely to be able to build factories and other infrastructure to manufacture certain things. Also, by manufacturing a lot, both for trade and domestic use, you can get more resources for your economy.
But that also depends on a type of exports and situation. China, clearly, in an example of manufacturing capabilities. But it's harder with the UK earlier. Their main exports were cotton and woollen goods, iron and steel. Let's also not forget about opium. I'm not sure if I'd call all of it manufacturing. Cotton is something you grow, but clothes are manufactured. Opium was also grown, but in the colonies.
I'd say that with the UK, it was imperial resources first, manufacturing second.
567  Economy / Speculation / Re: Bitcoin has never pass ATH before halving but it has always dip don't panic. on: January 24, 2024, 03:50:18 PM
I agree with hugeblack that those particularly upset with how Bitcoin is doing probably had really high hopes for the bull market right following an ETF approval, which didn't happen. I did not expect ETF approvals to happen so fast, so I didn't expect a bull market so early either. My guess, based on time frames between ATH points and how long it took to get there after bear markets in the past, is that we can expect recovery in Q4 of 2024.
Op has a good point about recoveries not happening in the past prior to halving events, but it's also true that we haven't had many of those to say that it's a statistically significant fact, I believe.
568  Bitcoin / Bitcoin Discussion / Re: Why the rush to gain profit in crypto? on: January 24, 2024, 03:19:51 PM
The op is taking about scams, fake Airdrops and influencers as if it's something new, it seems. But this has been going on for many years now (at least since the original ICO craze of 2017), and I hope that most people in the crypto industry are aware of these risks.
There's no need to rush with investment, and there's no need to invest a lot all at once. There are always more opportunities later during bear markets, even if someone doesn't feel confident enough to invest right now. And there are strategies with DCA for regular small investments, so that it doesn't feel like one big decision and can happen more gradually.
I agree with those pointing out that greed can be a major factor here, and I believe greed is a vice worth getting rid of in general, not just when it comes to crypto investments. While working on reducing greed, one should also cultivate virtues, such as moderation and patience.
569  Economy / Games and rounds / Re: Sportsbet.io ⚽ Newcastle + Southampton ⚽ (January 27-28) on: January 23, 2024, 06:04:03 PM
Game 1:  26, 23'
Game 2:  26, 28'
570  Economy / Economics / Re: The 150 year old maths and logic theory on the best period to make money: on: January 23, 2024, 06:01:05 PM
I wanted to understand more, and I actually came across a different name and publication history, linking the chart with George Tritch (who extended the original Benner's forecast up to 2059, it seems). There are a lot of articles from unpopular media outlets, and the best (the most reputable) I could find was this comprehensive article on the Telegraph.
While the chart has the right to exist, I think it's hard to assess its accuracy because it depends on which things we're looking for. It's easy to find evidence that will support the chart, but that would also be stretching it in come cases. As for Bitcoin, for example, the chart isn't accurate. So which assets should count, and is there a way to really test it? Something vague enough for people to indulge in confirmation bias often gets very popular, but it doesn't mean it's trustworthy.
What people often get wrong in such cases is that they start out looking for confirmations, while the scientific method should push them to do the opposite and ask a question of whether it's possible to prove it wrong. If it's vague enough to be impossible to prove it wrong, it's not scientifically accurate.
571  Economy / Economics / Re: China’s Debt-to-GDP Ratio Rises a Record of 286.1% on: January 23, 2024, 05:22:50 PM
Upon reading it, I decided to compare it with the US debt-to-GDP ratio, and yeah, it's a huge difference. People have been saying that the US debt is catastrophic, when there's clearly a #2 economy that has a much worse situation, and apparently has had it worse for over a decade if we consider this specific factor. But, while it's steadily growing, it's harder to estimate the impact of it, just like in the case of the US. Some keep saying it'll crash the economy, but years go by without that happening. It's not good, for sure, but whether it will make a huge negative impact on China's economy short-term remains to be seen.
572  Bitcoin / Bitcoin Discussion / Re: Can bitcoin completely erase the Traditional Banking System? on: January 23, 2024, 03:34:33 PM
As much as I like Bitcoin, I don't think it can replace the traditional banking system. Bitcoin is a good alternative, something that can allow people to bypass banks in many ways. But Bitcoin doesn't come with assurances that the money will be safe, doesn't come with centralized responsibility for funds (and someone people can blame if things go wrong), doesn't come with customer support, loans, insurances, etc. So while it's an alternative, it doesn't cover all the things that banks do. More importantly, banks have established themselves over the years, and a lot of people trust them.
573  Bitcoin / Bitcoin Discussion / Re: Is there any good explanation to this dip on: January 23, 2024, 01:54:36 PM
Not every dip requires an explanation. Bitcoin is a volatile asset, its price can't be regulated and can't be controlled. The interest in buying and selling Bitcoin naturally fluctuates, and that causes the price to go up or down. There's also a phenomenon called a correction, which is a way of an asset's price adjusting after being overvalued due to hype or something like that. So what we see now is Bitcoin's correction. It will stop, Bitcoin can easily recover from that later, and it doesn't matter in the long run. A correction doesn't need triggers, it can happen naturally after growth.
574  Bitcoin / Bitcoin Discussion / Re: Silly and scary questions, and what would you do if that were you. on: January 21, 2024, 03:40:53 PM
I believe that kind of concern is not specific to Bitcoin, it applies to any kind of money/wealth a person has. I'm certainly not wealthy, and I try not to think about robberies. Money or any sort is not a #1 priority to me, so of course I value my life and the lives of others higher than my BTC or any kind of money. I wouldn't resist, I wouldn't try to play dumb or do anything like that. If it's a life-threatening situation, I would give access to any money that I have, provided that the robbers already know about it or suspect it. Life and well-being is something hard to make more of, unlike money.
575  Other / Beginners & Help / Re: A practical way to stop procrastinating and start your investment journey. on: January 21, 2024, 11:37:15 AM
Maybe to some, procrastination applies to any kind of activity, but to me, it's only something that happens when I dread the task, when I don't want to get to it because I have negative feelings or some worries associated with it. Buying Bitcoin is certainly not one of those things to me, but I can understand that some might feel worried about privacy, losing access to their coins by accident, falling a victim to a scam, etc. In that case, finding ways of coping with fears can help to get to the relevant tasks in time.
I'm happy the op found the way with a journal, but perhaps the methods depend on a person and the underlying causes of procrastination.
576  Economy / Speculation / Re: What are your expectations for the few weeks after the halving period? on: January 21, 2024, 09:55:26 AM
I don't believe it's possible to predict the price movement with such accuracy. The price can be somewhat up or somewhat down, it doesn't matter. What matters is the long-term trend, and whether we'll see Bitcoin recovering to its previous ATH point over the months after halving. I think that we will, but perhaps I'm wrong and 2024 will be just another year of pretty slow upward trend (like 2023).
Halving certainly doesn't discourage people from investing in Bitcoin. It's a time when Bitcoin gets a lot of attention, and attention can translate into a higher demand. Then there are also people who believe that Bitcoin is bound to rise because mining must remain profitable (I don't think that's how it works), which also brings additional interest in Bitcoin around that time.
577  Bitcoin / Bitcoin Discussion / Re: Denying yourself comfortability in other to buy Bitcoin on: January 21, 2024, 09:43:28 AM
Investing is alright, but I don't think it should be done at expense of essential things that provide a fairly comfortable and fairly healthy life. Human life isn't very long, and it's quite unpredictable, so you never know how much you have left of it. That's why I think it's important to enjoy it when we can, and to avoid suffering for allegedly better times in the future (because that future might never come). Accumulating Bitcoin without a goal of spending it at some point, and doing that while harshly restricting oneself doesn't feel right.
578  Economy / Economics / Re: The world's logic favours income makers, not the savers on: January 20, 2024, 04:23:20 PM
Having some savings is helpful, and you need to save money to have savings. It's not just useful in case of an emergency, but also empowering if you want to travel somewhere (and you can't afford it by just taking some money out of your monthly budget because it costs as much as your monthly budget, for example), or to make a big purchase that will make you/someone close to you feel happier.
In my country, nobody pays taxes for cars they own or money they just have as savings on their accounts... So the whole argument doesn't apply here, even though maybe it makes sense in other countries. I do agree about the part with Bitcoin as a form of savings, but I suppose that also depends on taxation of cryptos in different countries.
579  Economy / Economics / Re: A person that is against the creation of CBDC. on: January 20, 2024, 02:51:29 PM
Trump can be against CBDCs, but he isn't pro-Bitcoin, and he is very pro-USD. What he's saying about a CBDC is something that should appeal to his supporters and seems to align with the value of freedom (viewed as a limitation of the authorities overseeing things), which is something Republicans heavily rely on. But the USD is also fully under the control of authorities, so being against CBDC which being so pro-fiat is a manipulative and incoherent position. I'm happy to see that many people around here can look beyond what he's saying and focus on the reason he's saying that.
580  Bitcoin / Bitcoin Discussion / Re: Bitcoin surpasses silver to become second largest ETF commodity in the US on: January 20, 2024, 02:37:43 PM
That's huge news, primarily because of how fast that happened and how far Bitcoin has come. Being #2 is a very decent achievement. The way the ranking is made isn't simple to follow, though. I couldn't find a nice table where Bitcoin ETF would be #2, for example. There are many gold ETFs, and there are several Bitcoin ETFs, so it's not like Bitcoin only needs to beat one of them.
Interestingly, the course is a tweet by CC15Capital which is now unavailable, so the trustworthiness of this information can be dubious.
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