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5761  Economy / Economics / Re: Nobel Laureate asked India to print more money and not to worry about inflation on: April 10, 2020, 12:39:19 PM
I definitely agree, I know printing money increases inflation and it would hurt the economy in the long run but the reality is if you do not print money that would mean a bigger problem today. It is definitely like having a huge debt to pay right now that you can't afford so you pay it with a loan from a bank and instead of paying a huge debt right now that you can't even afford anyway and can't pay right now, you are going to just have a worse problem but for longer period of time so you will have time to figure things out.

I am not saying we will, I am not saying it will recover, but at least it gives people a lot more time to find a way to repay it. In the end printing money to give it to banks is horrible, but doing it so to help people would actually help people.
5762  Economy / Economics / Re: Will the government understand? on: April 10, 2020, 09:06:04 AM
Its not the government who need to understand but also the people arround the world, because i believe that using crypto is really quite simple and very much more convenient and safe to users than using fiat. I beleive that son some more government will make believe on it. We really need crypto for good.
Not all governments are really doing anything neither, they literally just let it be and allow people do whatever they want, even if that is not a ban that is not supporting it neither, so all in all there are still ones who do not see bitcoin the way we see it.

I have always said that bitcoin is internet of money, an increased and better version of regular money we use, no matter how digital fiat gets thanks to banks, it will never be fully like bitcoin because we have decentralization and we are sick and tired of the way rich people get what they wand and not have the equal playing field, in bitcoin even if rich people can move it around with their money at least we know that the playing field is equal here.
5763  Economy / Economics / Re: We need a economic revolution right now . on: April 10, 2020, 08:26:26 AM
I do not see it the way conspiracy theorist such as you guys see, I see this as a total fail that was unintended but of course not ill mannered. This could very well be some scientist who have nothing to do with anything just working on a new project and fail significantly, as you can see I am not saying it is from eating a bat neither but I also do not see it as ill intended neither, just an idiot scientist failing at his job and that's it.

Economically nobody really takes an advantage, there is absolutely no way anyone could earn anything from this so I do not see this as something that is really beneficial to anyone so why would they want to do something like this when they can't win anything from it.
5764  Economy / Gambling discussion / Re: UK outlaws credit card gambling from 14th April on: April 09, 2020, 07:54:55 PM

After 14th April cant use your credit card anymore in the UK for gambling websites.


That's annoying because I like to use the credit card when online for the extra protection it gives me against bad actors.


Will we just have to use a debit card now?


https://www.gamblingcommission.gov.uk/news-action-and-statistics/news/2020/Gambling-on-credit-cards-to-be-banned-from-April-2020.aspx
Makes sense honestly, if you do not have the money directly that means maybe you shouldn't gamble at all? Think about it, if you are spending money from the credit card that means you are taking a small loan, I know people do not consider credit card debt as "loans" but in reality they actually are, that is when you lack money and you are using money you do not have that you get from the bank and then you pay it back to bank eventually, which is literally a loan, the amount is quite low compared to real big loans but it is still loan.

Nobody should gamble with a loan, no matter if it is 20 bucks or 2k or 20k, a loan is a loan and you should try to only play with money you own and not money you will.
5765  Economy / Economics / Re: COVID-19 will pave the way for CBDCs on: April 09, 2020, 07:38:50 PM
I guess the times are passing and I am very very sorry to say this because it will sound horrible but so will the elderly people as well. People who are on their 60's right now lived at a time when computers have been a very important part of our world during their 20's and 30's so they did get a bit better at it than their elders, anyone who are younger (under 60 year old) have been around literally during the technological boom.

So, when you talk about some new invention like bitcoin to get at the hands of everyone, you do not have to think about just 20 year old people, if needed I am sure everyone up to 50 years old could adapt quite very easily and the rest will either adapt with time or eventually no longer be with us. Sure, it will take couple decades at least but it could potentially happen.
5766  Alternate cryptocurrencies / Altcoin Discussion / Re: Possible Effects of Coronavirus on the Crypto Industry on: April 09, 2020, 07:06:15 PM
Nothing gets that easily legalized in the world, look at weed for example, it has been illegal in many countries and still is illegal in many nations but nowadays there are a lot more nations who are actually making it legal, USA was one of the nations who had "war on drugs" that spent literally billions of dollars, maybe close to a trillion dollars to this day, and weed has won, it is more and more legal in every state, since federally they do not have a law that can stop the states, states will continue to legalize it by the day.

Crypto is just at the start and we are already supported by some countries, in one or two decades we will be supported by all the major and minor nations except just a handful few maybe.
5767  Alternate cryptocurrencies / Altcoin Discussion / Re: IS WORLD HEALTH ORGANIZATION LEVERAGING ON BLOCKCHAIN FOR COVID 19? on: April 09, 2020, 05:10:26 PM
Doesn't matter if the news is true or not, we just do not want to put our name into stuff that are shady and not really trusted or at least has bad connotations so we should not really be looking forward to a partnership with WHO.

If you ask who WHO is (lol) to everyone the best case you will get is people who are curing virus and that is BEST case, there are also a lot of people who think they are the main reason behind all of this as well, so from 1 being worst which is WHO made all of this corona virus for more money, to 10 WHO helps us being saved, all of it is related to bad days and not good days which blockchain should not be connected to if you ask me.
5768  Economy / Trading Discussion / Re: Why Traditional Traders are Setting Their Sights on Crypto on: April 09, 2020, 04:50:55 PM
Lack of liquidity has been lesser and lesser since 2018 downfall, I know that during the 2017 peak we had huge liquidity and we haven't reached those levels just yet but it dropped to an insane level during 2018 which we are recovering from. So, the rich people and traditional traders saw this and realized that they could go into bitcoin and not really ruin it all by themselves, surely if they get together they would still ruin it but individually they are no longer strong enough to change anything so they are more interested.

I hope more institutional investment comes along, it will allow us to get bigger because those people have networks and connections and that could come in handy when we want to get bitcoin more support from governments.
5769  Economy / Trading Discussion / Re: Trading, gambling and binary options. Which one you prefer? on: April 09, 2020, 02:42:38 PM
I have tried scalping on BTC/USD pair as one of my friend suggested it for scalping as this pair has more volume but for same level of capital with holding, I made more profits. So, you may stop recommending for scalping. It is not a way to trade cryptos.
I also have tried almost all the methods of trading under the sun and I can tell you that I have failed all of them, every single one of them. Right now, the only thing I have managed so far without any problem is buying long term and keep buying and buying to increase my bitcoin number, that way I can actually increase my bitcoins but also if there are any falls I am taking advantage of that as well.

Whenever there is a fall, that means cheaper bitcoin for me, if it goes up I still buy anyway because I believe the price will constantly go up and up and never go down in the long term, so if I purchase today and it drops, I know in a month it will recover and make me profit.
5770  Economy / Economics / Re: What N America and Europe need to start on now! on: April 08, 2020, 07:46:48 PM
Well, tax payers and what they want to do depends on how they think their taxes are used and how well it is spend back to them. Look at USA state Vermont and Colarado for example, they do spend a decent amount of tax just like any other state but the amount of tax evasion is a lot less there, why? Because they believe their tax actually goes back to them, look at places that are in more south, like Texas or Kansas and what not, there are more people who are evading taxes there.

However the real trouble is the huge companies, companies like facebook who try to move to overseas to Ireland and what not to pay less taxes while making their profits in USA, look at the cruise ships right now, they literally moved their headquarters to Bahamas and so forth to avoid paying taxes but now asking for more money. So basically tax payers would pay their taxes, as long as they see others pay as well and it is used back to them.
5771  Economy / Economics / Re: Cutting of Salaries in Indian Companies - Failed Future? on: April 08, 2020, 05:43:56 PM
I seriously doubt cutting the income is actually a way to deal with this coronavirus and the economical trouble it is bringing.

I am not against people who are making 1+ million to give more money, they are after all living in a nation where most people do not make that much money in a decade, so it is understandable that the rich folk should give up some, but the lower it gets the worse it gets, people who are making less money should not be the target, I think if it was only 1+ million dollars and salary cutting, and stop there, it would have been quite fine.

I am not waging a war against the rich but honestly it is needed at this time when everyone is living miserably to get some money from the rich and give it to poor robin hood style, that is what will recover the economy.
5772  Economy / Speculation / Re: BTC Finally Broken Out From Daily Resistance Level on: April 08, 2020, 05:00:20 PM
Well, there is the exchanges where you can check when and what happens so you can actually see whats going on and there we have seen the 8k range to be clustered with a lot of shorts and longs actually, there was a lot of them.

However shorts do not decide the price actually, even longs do not decide on the price, its the community movements as a whole that decides it. Last month we had a huge drop but to be perfectly candid that happened everywhere else as well, so it wasn't really a crypto thing, it wasn't a bitcoin thing neither, it was purely economical in the whole world because of corona, which means it shouldn't be a problem since we could potentially recover from it when corona becomes less harmful and now that some time passed we are seeing that recovery as well.
5773  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Blockchain Really Revolutionizing The World? on: April 07, 2020, 08:59:02 PM
Is it really? I mean surely it is a great innovation and it is definitely used in many places but is it really revolutionizing the world? Maybe it is revolutionizing some parts of financial world and that is about it, how is healthcare changed in the past 10 years thanks to crypto?

How did the sports world? How did the food business changed? They look like they haven't used blockchain all that much and they look like nothing major happened whenever they tried right? That is why we can say that maybe our pockets may have changed, maybe individually we are more strong right now than 10 years ago when it comes to having a say in our financial dealings, but the world is vast and it has many business' in it which is why I can't really say it has changed all that much.
5774  Alternate cryptocurrencies / Altcoin Discussion / Re: Chimera - A Privacy Ecr20 Token on: April 07, 2020, 08:11:32 PM
I have worked with a privacy coin before (not going to name them) and I was actually part of the team for a while as well so I know the insides and outs of a privacy coin and how it is perceived by the public and could be helpful in this regard. I would like to start by saying that nobody really cares about extra layers of security and privacy you are providing because for 99% of the population even bitcoin is enough privacy.

For people who are not really interested in something like this, you can't do marketing enough, you can spend millions of dollars into telling people who awesome your privacy is and if they are not interested they will not become interested. Plus, when you are doing a brand new project and the thing you are most talking about is not really that much desired, it will be even harder to get people to use it as well.
5775  Economy / Trading Discussion / Re: What do you think about Arbitrage trading... on: April 06, 2020, 09:37:41 AM
There is no such thing as free lunch in the markets; price differences always have reasons, which mean that 99,9% are untradable because either the exchange is shutdown, nodes are under maintenance, withdrawals are suspended, exchange is a scam, or because the volatility is temporarily extreme and that it is nearly suicidal to even try it
I agree and disagree at the same time here. Nothing is free or comes into our pocket without efforts. But, unlike you mentioned, I have completed many successful arbitrage trading across exchanges hence I cannot agree trying arbitrage trading is suicidal. In my view it has less risky and instant profits but spotting them is too hard. We need to spend more time on multiple exchanges and need to trade in quick manner to catch the price differences.

The reasons you have mentioned are practical as I have seen only due to "non-trade-able" conditions the price differences are appearing which means there is no actual arbitrage opportunity lies there. But, with few low volume trading pairs, we may spot out price differences but this needs lots of patience and dedications.

You’d better educate yourself and try your luck with mid-long term trading strategies which have been yielding solid returns until now, rather than trying this near zero profit business only accessible to the most advanced and well funded traders.
Mid to long term strategies are cup of tea for most traders still calling arbitrage opportunities as near zero profit business is inappropriate. I am sure about spotting an arbitrage trading monthly once and its profit level varies based on volume yet I believe it worth to risk.
5776  Economy / Trading Discussion / Re: Simple trading advise for newbe that should follow on: April 04, 2020, 06:00:14 AM
Data is the most important thing you can have while trading, it may not be always 100% right and you may lose some money because of it but to trade without data means you are going in blind and have bigger reasons to lose money.

Compare these two people together, one looks at the chart, checks out indicators, reads the history, does his own TA and decides on what the price will do in the future depending on all of those data points, the other sees the price going up and buys. Which one do you really think has bigger chance to make money? There could be days when the second one is right, there could be more money with that person to actually change the game to his option, however almost all the time the first person will have the profit instead of the second one.
5777  Economy / Gambling discussion / Re: 2020 NBA Season on: April 03, 2020, 07:35:39 PM
I would understand if the whole reason why NBA wants to come back is to put butts in the seats so that people wouldn't go outside but I know in my heart 100% that the only reason why the owners would want to come back would be the hundreds of millions of dollars they are losing.

Do not forget that contracts are not voided, sure they are insured but for how much and how much of it does the owner get back, which means owners are right now paying hundreds of millions of dollars, a combined of billions of dollars together, just 30 people paying billions, plus penalties and so forth, and not earning one single dollar from it.

They want NBA to continue just because of that reason, they want to make some of it back, even if not all of them, they want to make sure they get a bit of return. That is not an acceptable reason to continue honestly, keep them at home and safe, let the billionaires suffer, they can take it, at worst they can sell their teams for billions of dollars and still profit from it.
5778  Economy / Speculation / Re: COVID-19 - The major reason for the current fall of Bitcoin on: April 03, 2020, 01:28:47 PM
All the companies who are not working right now, not all business could be done from home, some business sent people home and make them work remote and that could work but do not forget that there are thousands of people who can't work because their job requires them to be there, all of those business' stopped right now and not working and not making any money at all.

It is vital to think like that because all of those business' can't make any money right now, sure some of them can stay afloat until they get back because they have saved up some money for days like these, but many of them will bankrupt, or they will fire people or they will send people to unpaid leave, all of those equals to economy not having money as much as they used to have.
5779  Economy / Speculation / Re: Types of People on this Corona Virus crisis which group you belong? on: April 02, 2020, 07:15:15 PM
Definitely a panic seller. I have been in crypto world for over 7 years now, I have never been a panic seller, never really sold anything at any moment because I was scared or anything, never been part of a reason why bitcoin dropped.

However this time is different, I sold right now from "panic" but that panic wasn't related to bitcoin, it wasn't because "what if it drops further", I literally didn't cared about the price at all, I would have sold if the price was 100 dollars or 100k dollars, I would have sold all the same because I needed the money, this virus made sure that I am stuck at home and can't go outside and that means I need to spend money constantly to restock my shelves and always be ready for the worse for a day when I may not be able to go out.
5780  Economy / Economics / Re: Pandemic Coronvirus Impact On Global economy on: April 02, 2020, 06:09:25 PM
I doubt that decentralized economy could ever be a thing while the politicians and the capitalists works together to make a world that runs for them and not from them. Think about it, media is controlled by people who are super rich, financial world is controlled by people who are super rich, oil companies are controlled by people who are super rich.

What happens is they get together, they pay the politicians hefty bribes, the financial company pays the oil company money to do what they do and media company airs it live as something awesome and deems everyone who criticizes it as devil and what happens? They all make more and more profits. Now this was just one example, the world basically runs like that and as long as we keep voting for those bad politicians there will never be a decentralized economy.
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