“China’s experiment is very large scale,” said J. Christopher Giancarlo, former chairman of the U.S. Commodity Futures Trading Commission. “When the world arrives in Beijing next winter for the Winter Olympics, they are going to be using the new digital renminbi to shop and to stay in hotels and to buy meals in restaurants. The world is going to see a functioning [central bank digital currency] very soon, within the coming year.”
The U.S. is playing catch-up. In late February 2021, Fed Chairman Jerome Powell said the U.S. will engage with the public on the digital dollar this year.
Advocates contend central bank digital currencies can make cross-border transactions easier, promote financial inclusion and provide payment system stability. There are also privacy and surveillance risks with government-issued digital currencies. And in times of economic uncertainty, people may be more likely to pull their funds from commercial banks, accelerating a bank run.
Yes they have been talking about it like seriously, but all the central banks digital currencies I have seen so far were never a success. And to be sincere if the central bank in my country should release a digital currency I don’t think I am ready to be making use of any of those, because first of all they are not really cryptocurrencies, they are not any different form of asset, because they are for sure going to be the same fiat or pegged to the same fiat, maybe we should call them stablecoins I guess. I can make the same transaction that I would do with these CBDCs by using my bank app or my card, so why all the stress of buying it and still using it for the same transactions? Bitcoin and other cryptocurrencies are different , because there are ways that they are different and they are pegged to nothing. They are trying to deceive people that is why they are doing this, we know that we have no need for those coins at all but since governments have realized they cannot kill bitcoin then they are going the next best thing, they are trying to put imitations out there and then claim their coins are better than bitcoin, something similar to what we see in the altcoin market with the difference those coins are backed by central banks. The plan is simple they will try to get people to adopt their coins instead of bitcoin and when we add that a coin owned by a government can be even more oppressive than the fiat system we have in place then it is easy to understand their motivations, but from our point of view it does not make sense to adopt those coins, but that is us, people with a decent amount of knowledge about the economy and bitcoin, but the rest of the people are not like us, so I expect in the future those coins to have decent success if they keep up the charade. The worse part if that they can force people to use only their centralized digital currencies, forbidding bitcoin and other decentralized crypto currencies. What I most fear is a bitcoin confiscation ordered by authoritarian governments towards btcs held in centralized exchanges. If something like this happened, I believe exchanges would deliver all the coins to governments without chances of reverting the decision. |
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Bitcoin isn't for a small social group solely. I believe it's for the type of people who worry about their future and the future of those they love and care for, doesn't matter if you are rich or poor. You don't need to worry about your investment size, because even some hundreds of thousands of satoshis worth the purchase. Keep in mind there can be only 21 million of btcs in the world and many of them are already lost, so there is a lot of potential the currency is going to increase much more in price as demand (adoption) increases, turning the investment you make today very profitable tomorrow.
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For me Netherlands losing isn't a surprise, because they were already out of 2018's world cup.
Spain had an average performance last world cup, nothing too impressive, losing to Russia on penalties at final of octaves, and it seems they didn't recover totally by watching the last game's result above. A draw with Greece isn't very cheerful.
On the other hand England looks aggressive, Italy thirsty for redemption after also being out from 2018's world cup and Germany trying to recover its status after the 2018's fiasco. These are giants which can come very strong for Qatar 2022. But I would like to see more surprises like Croatia and Belgium last time.
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As the world's population is constantly growing it's pretty normal to see more gamblers' activity year after year. If you check the stats carefully you will see the graphic is growing almost proportionally.
Furthermore, nowadays gambling is much more accessible than in past years. Even a kid can start gambling in a crypto casino which doesn't ask for identity.
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I think that if you were to trust a centralised entity anyway, you might as well do margin lending on major exchanges as opposed to invest on Binance - you are likely to get at least 7-8% p.a. returns if not somewhere in the double digits.
Could you share in what trustful platforms is it possible to earn such interest rates by lending? Last time I checked, I don't remember in which platform, but it was a big one, I was able to earn 0,01% daily lending. Similar rates to the default interest paid annually by most crypto investment sites.
I once got involved in such stuff. There was a sort of a rebranding or a restructuring whatever and they're changing tokens. They give the clients a few months to do the swapping. I was not monitoring everything. I missed the deadline. Funds are gone. This is not your case. But, surely, there will be all kinds of troubles along the way.
Yes, that is a very disgusting approach from some investment sites. I consider it a kind of scam to say the truth. It happened to me twice. The first time I lost my funds, on the second I was monitoring the site and cashed out successfuly. You need to monitor these sites every week or few weeks when investing, and your email daily.
These APYs are terrible. If you're going to handle your coins to a third party, at least do to one that pays better (and are way safer) like Celsius or Blockfi.
I have changed my mind about Blockfi. If anyone is considering using them, read this first and be aware of the potential risks: https://ditchblockfi.comI hope Nexo and Celsius don't go through the same way... |
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The sites you say, faucets, are paying about 3 satoshis per claim nowadays. If you think it worth for you check Micro Earnings section. I'm also constantly seeking for platforms to earn extra bitcoins, but it's hard nowadays. I know some small gigs (micro jobs) sites, but they pay only in fiat currency. Another option to earn crypto currency is something that hasn't even became a trend yet, but it will: blockchain games. You can earn crypto by playing virtual games and selling items later to other players. |
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Protecting? Please name in which of all those situations have the freedom and the human rights been protected? In the past few months, Belarusian activists have used bitcoin to defy the regime by sending more than 3 million dollars of unstoppable money directly to striking workers, who then convert it locally to rubles in peer-to-peer marketplaces to feed their families as they protest the country's dictatorship. Read anything about Belarus lately? Oh wait: We've lost on the streets: Belarus opposition leaderIn Russia, the opposition politician Alexei Navalny has raised millions in bitcoin as Vladimir Putin maintains strict control over the traditional financial system. Putin can do a lot of things, but he can't freeze a bitcoin account. Yeah, he can do a lot of things, Navalny would agree with you from its prison cell. So, what human rights has bitcoin protected? Are you that childish to think that a regime that has no hesitation torturing, poisoning, beating to death, and jailing people will crumble because somebody is sending a few dollars anonymously? Many a time have I heard of claims such as Bitcoin could highly boost a country's economy, Bitcoin could address poverty, Bitcoin could address unequal distribution of wealth, and so forth. There may be a certain amount of truth in each or even all of them but to generalize or label Bitcoin as such could actually be misleading or simply an exaggeration.
Well, Bitcoin is fighting poverty in Venezuela for almost a decade but it seems like it's not succeeding at all. I wish people would stop having such great expectations from a coin that was not designed for any of those, it's not a magic golden goose, it's not a magical safe that won't open no matter what, it's not something that can protect its user from abuse. It's a perfect tool to make transactions and keep your money safe in a normal environment, in a stable country with no mad dictator, not in a war-torn country where the police or army is free to beat you to death if you don't tell them everything you know. What you say makes sense. Actually bitcoin isn't capable of protecting human's rights around the world, but it's a powerful tool to help those who are suffering in countries where human's rights aren't respected. It helps people to survive during these hard times. If it wasn't bitcoin, the conditions of many people would be much worse than it currently is. It seems bitcoin is a very welcome palliative that might be putting adopters in their confort zone, like you said in Venezuela's case. But at same time we can't blame those people for not making the difference for their countries, as it's an effort which needs lots of people and most people in these countries are somehow conniving with tyrannical governments. |
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The point used to criminalize gambling is that the results from this activity are totally based on luck, while market trading is based on strategy and market knowledge skills, while gambling is much more accessible to everyone than market investments. Probably that is the reason why the concern towards gambling is so high by authorities, because the impact over the common citizen's life is much bigger.
Furthermore in market investments you aren't forced to trade stocks and assets for profit. You can just hold them and earn dividends, so you aren't forced to *gamble* in that category of investments, while in gambling games it's a must.
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The government could ask for all your bitcoins too. It doesn't mean you were going to give them your coins, right?
The only way to invest in Gold is to buy physical Gold and the transfer of ownership is difficult over long distances. (Also very risky) ...So why would you risk having to hoard Gold and becoming a huge target for criminals.  Although these two assets aren't comparable as gold is stable, while bitcoin is volatile, if you are able to acquire a physical piece of gold it's so safe like holding bitcoin in a hardware wallet. No one can take it from you since you store it safely and in secret. |
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The old coins are taking rest. Defi and Nfts are performing very well.They are giving more than 2xs with in less time.
Old coins are moving slowly.Old top coins will perform but old shit coins are already dead.
After the popularization of stacking feature and the option to hold unique assets with NFTs, old tokens were overcome, as they don't offer any additional benefits or exclusive characteristics to investors. For this reason I see no benefits in investing in old coins nowadays, with rare exceptions. In a market with thousands of currencies disponible, most of them will become outdated and stay behind. With that in mind, we must always be watching for the next trend in crypto market and what benefits it will bring in order to not lose money investing in the wrong coins. |
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Stocks are actually representations of real businesses. Altcoins are just virtual money. I think virtual money can't replace real businesses, right?
There might be a stock class including crypto currency investment soon, but it will be just a part of the stocks market, it's not going to replace the traditional ones.
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Elon is a real pioneer, no way was he ever going to get left behind. It really doesn’t surprise me that he’s one of the first elites to really embrace bitcoin. I tip my hat to you Mr Musk.
I agree with you. Elon Musk is being a real visionary. I admire what he is doing for bitcoin adoption and now even more as I saw he isn't going to convert btc to fiat from Tesla's sales. It's a good signal he truly worries about bitcoin's success, not seeing this only as a marketing strategy or a speculative scheme to make fast profit and exit. By doing this he is helping the crypto community to grow larger and of course, helping bitcoin investors to increase their investments in value, as btc should go up with good news like this. |
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I have so much sympathy for doge, but I don't have interest in buying it right now because it's full of hype, so the price is probably too artificially expensive and next to saturation.
Of course it may be just a wrong impression by my side and doge will keep rising for some time yet, no one can predict it for sure.
Anyway before investing you need to ask yourself, does it worth the risk right now? Aren't there better options in crypto market?
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From the reviews you make of course it is very interesting to play blockchain games but the problem is we have to spend a lot of time to stay in it, and this will certainly be a problem for each individual to increase the revenue of the game, although we have a high probability to be able to get maximum results but we also consider the time we have spent ,but we all have different missions in getting results in the crypto world.
Yes, usually these games require a lot of time to progress with efficiency and to get good items which will price an interesting value futurely. Also, it's important to stick only with the promising games, because there are many of them and it's sure only few will remain profitable. In order to not waste time, someone willing to play blockchain games must study them carefully to find the best alternatives before start playing. Anyway I believe these games have a bright future, and like bitcoin, nobody should waste the opportunity of joining at least one of them. |
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I just want to share my experience, I have a relative who come to me and ask advise on what coins to invest now, I don't name a coin and I said he must do his research but he insist that I know, he want to invest immediately.
I know he is into FOMO because he seems so aggressive and like to get instant return.
He told me that since I'm a veteran, he would like to ask some advise on what coins will pump in the coming days so he can invest on it.
I don't see any issue at all if he insists on asking what coin to invest, then give him the top 5 coins on the market to invest, because these are the coins that are guaranteed to make the most profit, and there's always liquidity, he can always sell his coins if he decides to sell it and invest on other coins or from other reasons, there are trap on FOMO make him understand the many risks of investing in the Cryptocurrency market. It is generally recommended to not give out financial advice, since you cannot be exactly sure on the outcome of your investment. Mentioning five coins isn't ideal either. There are more than a few examples of coins that have crashed and are yet to recover where they used to be (See XRP). I don't know if it's just me, but I prefer not to provide anyone with such information, I've had incidents of being whined about Bitcoin or Litecoin in market dumps. I can't be responsible for their own moves, not my fault if you buy in ATH and then proceed to panic sell, but I don't want to get bothered or whined when something happens. I understand you and I also prefer to not give financial advise to prevent issues with the person later if the investment turns negative. But since the person is insisting too much I would let it very clear that the profit isn't guaranteed, especially on short run and he would have to be responsible about the amount to be invested and for any consequences of this investment. Furthermore, to prevent even more problems later it would be better to tell him, as a newbie, to invest in bitcoin and ethereum only, as these are the most trustful currencies in this market. |
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There always be povery in countries with low development. And thats their own problem if they do not want to fix anything
I don't think it is only the fault of the country if they are low devleoped and in a poor condition. There are a lot of external factors which can make a country and their people wealthy or poor. For example, does the country have a lot of natural resources that could be exported and sold? Or how is the average climate in that country? If half of the land in the country is desert or frozen than it will be very hard for the people to make a decent profit. Some of us unfortunate people live in very harsh conditions. If the country is developed and rich it's about technology adoption and not climate conditions, at least nowadays. Climate conditions can't be an excuse for poverty and precariousness. Look Israel for example: their spot isn't a very good one from natural conditions perspective, still they are a rich country which export technology to other countries. All countries have conditions to develop or adopt technology in order to help their citizens leave poverty, the point is that not all governments have this as main goal. |
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It's a marketing strategy, streamers are one of the best ways to promote games, casinos, etc. Since they have a lot of supporters and they can be a good influence on their viewers. However, I think they should be responsible for accepting such offers and never promoting bogus websites or platforms.
Due to high competition of casino businesses today getting or hiring for a streamers was the best marketing strategy that they can do to attract gamers and gamblers. Aside from the good reviews that they have in their online sites, a plus or additional attraction to gamblers the live streaming of the streamers. Well of course those streamers have already a supporter/s that believes in them, in short they can bring their viewers and supporters to also try the casino they are promoting. I have no problem if the casino pays a certain amount of money to YouTubers or streamers as a form of their promotion. But sometimes the fact is, there are a lot of influencers who over-promote their promotions. And novice gamblers are lured and caught up with huge losses. For example, my friend in the past, he was trapped in a marketing strategy of this kind and thought his money could easily be doubled, but he didn't have any leftover money. It is very sad but it becomes a personal risk because playing gambling is an option that is not compelled by anyone. That is why it's very important to read and understand correctly all the terms and conditions of such promotions before depositing your money and applying to them. Many of these offers aren't easy as they look at first glance. Usually they force the gambler to risk a lot of money in order to receive an interesting reward. Even if a streamer is spreading a promotion in a very positive way, spectators shouldn't listen to him only, because he might hide some important rules of the competition. Keep in mind streamers are just artists, like media's celebrities. They don't have any commitment to you, your money and welfare. |
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I believed the central Bank top officials don't really have an in-depth knowledge of how cryptocurrencies operates and took a hasty decision by banning it, they later realised that that had goofed having researched about it and later the Nigerian vice president later made a positive comment about cryptocurrencies on how it potentials can be harnessed which made the central bank to be retraced their earlierr statement.
It could be. It really seems they regret about the first decision of forbidding national banks to deal with crypto currency, but they are too proud to admit it was a mistake. Maybe just now they start realizing how profitable can be for the country and for the government to adopt a more friendly stance regards bitcoin in Nigeria. |
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Fate is like destiny, it is inevitable to happen whatever you do. Unlike in gambling, when you lose control during losses and try to recover it then you will end up with more loss. Meanwhile when winning if you lose control, the house will get it back if you will get greedy. Fate has only one inevitable result while luck is either 50/50 of good or bad so I don't really relate fate in gambling. People often justify that it is their fate to lose in gambling to lessen the pain.
Actually, in games based 100% on luck almost everyone is destined to lose then, because you can't defeat the house on long run with less winning chances than the casino. Since the gambler has 2% or 1,5% less winning chances than the house, the long run loss is inevitable. Very few players are able to overcome the natural *fate* of gamblers by hitting the jackpot on short run, but these are very few exceptions. If there's no way to defeat the house edge then we are really destined to lose and just relying on our luck? I think its not often the case. Well in dice I believe its more on luck. Based on my experience, regardless of what strategy I use, the outcome will only rely on how lucky you are on that particular moment. But there are games wherein knowledge and strategy are necessary to win just like in sports betting. In dice you can beat the house, but on short run, with high multiplier (small winning chance per bet, but with huge prize). However, even playing smart, most gamblers will still lose, because most of them will take too long to hit the prize, spending more money towards the goal than the desired prize itself. Another option is to play less bets as possible, but betting high. In sports generally, as you said, there are attributes besides luck which make the difference, but still most gamblers lose on long run.  After all, the winners and casino's profit has to come from somewhere. |
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Very good. I think university is the right place to discuss bitcoin, because that is a place where people are going to learn, discover new things. Students and professors are open minded about innovations such as bitcoin. But in another trivial places I'm fearful about spreading words of adoption because not everyone is opened to this idea and some people can understand it in a wrong way, as they were going to become rich overnight. Consequently if something goes bad with their investments, they will blame me for telling them about bitcoin.
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