I do not want to repeat what I have posted before about what was going on in Russia and how the Central Bank of Russia were making moves to make sure crypto transactions are banned in the country, they want to follow what China did. But the president of Russia, Vladimir Putin later spoke good about bitcoin mining and believe this will do the country good. If you are interested to read about it: Fate of bitcoin in RussiaIf the president had not made his own research, the Central Bank of Russia might have succeeded. After the good news from Vladimir Putin, Russia wants to make bitcoin a currency. Russian government and central bank agree to treat Bitcoin as currencyRussia’s government and central bank are now working on a draft law that will define crypto as an “analogue of currencies” rather than digital financial assets set to be launched on Feb. 18. Cryptocurrencies would function in the legal industry only if they have complete identification through the banking system or licensed intermediaries.
Kommersant noted that Bitcoin (BTC) transactions and possession of cryptocurrency in the Russian Federation are not prohibited; however, they must be done through a “digital currency exchange organizer” (a bank) or a peer-to-peer exchange licensed in the country. It's a piece of very good news for all investors and traders so waiting for good something just someday ago china was manipulated market but now big country trying to create good news. |
|
|
|
Depends on how tech stocks will behave because they seem to move correlated for a while. I expect the growth/tech stocks to go down for a while till the FED decides to lower the interest rates again and that means crypto will also go down with the tech stocks.
There is a possibility that the FED will stop raising the rates after the first hike because even 1 rate hike might trigger a worldwide market crash. In that scenario you may get yourself a good buy opportunity in March.
Market tradition is a pump and dump but lots of time markets are trying to dip and lots of bad and good news coming so waiting for good something. |
|
|
|
I've seen a lot of alts on this day making green wherein seems the bearish is getting weaker. Perhaps if market keep showing the same thing for couple of days bull will gonna take over the market again in my personal opinion, because it's been how many weeks it's red and suddenly most of my favourites alts turn into green and gave me profits this day using scalping strategy.. What do you think guys is this the start of bullrun or just a sign that soon will be another season?
I think after this month bull market will back case I have seen this market seen like the share market ups and down it's a simple matter so now down but next month will perform good I think. |
|
|
|
In recent times, the Russian governments go against the proposition made by it Central Bank to place a ban on Bitcoin mining while the financial institution calls for regulation rather than placing ban restriction on it, also you could recall that Russia is ranked third in line of the world bitcoin mining as United States come first and Kazakhstan the second according to the University of Cambridge’s Center of Alternative Finance.Russians government understand that halting any mining activities of cryptocurrency could place a hold on it technological advancement in the country while before the introduction of cryptocurrency, theft and other social vises have been in existence and that is not a yardstic to place a ban on crypto and president Vladimir Putin want the discrepancy between it Central bank andfinance ministry to be in concession toward Bitcoin mining. From this stance, i strongly believe that the president himself is in support of mining crypto with the mindset to boost the economy and technological development of his country, else the dispute between his parastatals be settled. From the other side of the story in Africa, Zimbabwe Signs Agreement Enabling the Collection of Taxes From Crypto and E-Commerce Entities With this recent developments in Zimbabwe i think it a step closer to adopting and legalizing cryptocurrency in the country, but one thing keeps a bone of contention in this regards which makes governments not to "give in" (Support) a massive adoption of cryptocurrency although to me its a new development with a step up since crypto firms were identified and paying of tax is what government can enforce as to regulation, In such regards Zimbabwe now uses a third party tax receiving agent (Daedalus World Limited). Going by this i want to believe that tax payment goes along way to regulating restrictions and ban challenges by many countries, just as Russia sees mining crypto is a cognitive advantage to technological development of it country and Zimbabwe accepting tax payment in crypto by digital currency firms. They just trying to make a new rules not its not possible to ban from any country case lots of people invested hare and lots of country already invested hare so I think it will recover everything as soon as possible. |
|
|
|
The year 2021 has passed but it has left a mark that will never be erased in people’s minds. One of these is the pandemic that until now has not been ended and is being cured. Many of the entrepreneurs went bankrupt and closed their businesses. And many employees in various industries have lost their jobs. But even though the past year has been difficult for everyone, the people are still positive and resilient and will not lose hope of recovering.
Many have worked randomly in various types of work, one of the jobs that are popular today is being a virtual assistant or jobs that can be done even if you are at home as long as you have a laptop or pc and internet. And also because of the ingenuity of people who spend more time using gadgets, more and more people are now obsessed with investing in cryptocurrencies. There are as many ways to earn here and most of it is by playing various NFT GAMES. It's very nice if this is your job, you already earning while enjoy playing, but it depends on your diligence and perseverance in playing how much you earn and of course, it also depends on your skill and strategy in the game.
And another beauty here is that you hold your time. Also one of the good things about investing in cryptocurrencies is that you see how your hard-earned money to invest grows and you don’t have to pay tax every time you earn. Of course, anyone can be obsessed with investing in cryptocurrencies, but before you invest, you should study and research thoroughly the tokens/coins you want to invest in and how the right process to invest in them, and above all find out thoroughly and check the security of the crypto wallet in which you store your investment. To better protect your assets and avoid losses.
I think the middle country trying to improve this situation so after the winter season we will get a good environment I think lots of people trying to remove this situation from the pandemic. they are taking booster dose after 2 months recovers from some situation. |
|
|
|
After reading the first sentences, I accidentally remembered a recent article that in addition to the way you write that many entrepreneurs have gone bankrupt, there are other statistics. She says that in the last two years of the pandemic, billionaires have doubled their wealth. According to research, while 99 percent of people have become poorer, "the income of the richest people has increased from $700 billion to $1.5 trillion - more than in the previous 14 years - according to an Oxfam report." https://www.marketwatch.com/story/the-worlds-richest-10-men-doubled-their-fortunes-to-1-5-trillion-during-the-pandemic-says-oxfam-11642426379From here, I get a big smile when you write about your pastime with gadgets and toys, compared to how other people's capitals grow at the same time. That's right: "Inequality kills" Very informative news I think lots of people facing a pandemic crisis so we are waiting to develop the crisis moment. then we can see the very good condition of the market. we are all waiting for this. |
|
|
|
The COVID-19 pandemic has driven Americans to hoard $1.6 trillion in 'excess savings' amidst ongoing fears of an economic crisis, despite the fact that experts are warning that the value of these rainy day funds are being slashed by surging inflation rates. American households would not have put away the huge sum had the COVID-19 crisis not changed the world over the last two years, according to the Federal Reserve Bank of New York. The funds are far more than the usual three to six months of emergency savings financial advisors typically recommend. Saving rates have dipped to 2019 levels following four consecutive quarters of record high amounts of savings due to Americans hoarding their savings, money managers, financial advisers and economists say, according to the Wall Street Journal. But they forsee more cash stockpiling in the immediate future, with the Omicron variant likely to trigger Americans to save yet more of their cash over fears of possible future chaos. To make matters worse, annual inflation rates in the United States have steadily increased since January 2021 and through August 2021, starting at just 1.4 percent in January 2021 all the way to 5 percent in August 2021. It has since surged to 6.1 per cent in October, the most recent figure available, and the highest level since 1990.  This chart shows the percentage of disposable income saved by Americans each month - with the rate spiking close to 35 per cent as COVID hit US shores The blue line on this chart from the Bureau of Economic Analysis shows the amount of cash Americans saved - in billions of dollars each month, with a COVID spike in 2020. The red line on the right shows the amount economists think Americans would have saved had it not been for the appearance of the virus 'I have been one of the more optimistic ones, but with this new variant now on the horizon, I think we're in for more of the same of what we've seen over the last six months,' says Wendy Edelberg, director of the Hamilton Project at the Brookings Institution. In reality, economists say hoarding one's savings can actually hurt a persons' long-term finances if inflation continues to increase, while causing bigger issues for the economy, of which consumer spending accounts for over two-thirds of its gross domestic product, the Wall Street Journal reports. America's money hoarding began at the start of the coronavirus pandemic, as the government issued three rounds of stimulus checks to qualified individuals. As the pandemic nears it's second year, and with no end in sign as the specter of the Omicron variant continues to loom large, Americans, many of whom have been largely housebound since the pandemic's onset, have remained thriftier than ever. The result has been the highest personal savings rate since World War II thanks in part to rising incomes and a healthy labor market, according to the Journal. 'We see a lot of folks sitting on an incredibly high savings amount, and it's really just a fear factor,' says Nina O’Neal, partner and investment adviser with AIM Advisors. 'In 2021, they kind of felt like, "Things were getting better. We're going to get better from the pandemic," and they did, but also, they didn't. It is sort of like the same sideways winding road from last year, and so I think people started to spend a little bit more but they continue to hold that cash.' However, there has been a slight uptick in spending in recent months as experts say Americans have started to use more credit cards to spend their money on smaller items, with 27 percent of US consumers saying in October they had applied for a credit card over the last 12 months. And while credit card balances have remained below pre-pandemic levels, the amount increased $17 billion to $800 billion in the third quarter of 2021, with the same sized increase in the second quarter, according to the Federal Reserve Bank of New York. Americans between the ages of 40 to 49 and 50 to 59 currently make up the lions share of the credit card debt. And consumer spending on bigger purchases spiked 2.2 percent in October. Charlotte Geletka, managing partner and owner at the financial advisory firm Silver Penny Financial Planning, outlined the disadvantages of hoarding savings, as money in the bank only loses value. Geletka added that on the other hand, cash affords people flexibility and is easier to access in the event of a personal financial crisis. Geletka told the Journal that she recommends her clients to split their funds by putting one portion of their savings in the stock market, while keeping the other liquid, as in cash, for easy access should an emergency arise. Meanwhile, President Joe Biden recently said reversing rampant inflation is a 'top priority' after cost of living increased to 6.2 percent - its highest level in 31 years. Last month, Biden announced that Jerome Powell will serve a second term as the Federal Reserve Chair. https://www.dailymail.co.uk/news/article-10269475/COVID-19-turned-Americans-super-savers-hoard-cash-despite-inflation-threatening-value.html.... We appear to lack complete savings data for 2021. Charts above indicate massive $1.6 trillion in savings for 2020 followed by a dip. The author of the piece says "everything recovered in 2021" with consumers having no need to emergency binge save anymore. Wouldn't it be so much better if consumers bought up inflation protected assets, rather than placing their savings in low interest rate accounts for that period. Bitcoin's value grew dramatically in 2021. Could a portion of that growth be attributed to consumers and retail investors placing savings in bitcoin, gold or silver? Curious to know if anyone feels the economy made a complete recovery in 2021. Are we back to normal? Oh my god, it a very good informative news so what we can expect is this news market is down for a pandemic bad sistuation. So After recovering market we can get a big something. |
|
|
|
  Seeing the funding rates above, it seems clarified that btc had a 'fakedown' and was a bear trap, but how low do you think will it go? Is the trap game over and we lost the 55k buying opportunity? Or should I wait for much lower value of btc to get an entry? I am still confused about that MtGox releasing their customers' btc tomorrow, which is making my nerves go wild when I think of what may happen. Sourceyes now we are going into the bear situation cause the BTC market is not good some good news and some bad news trying to make the market crash so I agree with your statement we are in a critical moment and we are waiting for good something. |
|
|
|
As we already know about crypto, we can share our knowledge and help others to know and understand what crypto really is. How to use it? And How to start investing? Even we are not a teacher in profession but we can do what teachers did not just in school but also to our family, friends and neighbors.
I tried but it was hard at first because I have friends who didn’t believe in crypto and they thought bitcoin was just a scam. The pandemic has given difficulties to everyone especially in terms of financial. The government helps is not enough to meet the daily needs especially in food. I decided to try to help some of my neighbors who knew what I was doing to earn and to survive this pandemic despite losing a jobs. Fortunately, they are ready to learn and now they are making money in cryto like me.
I just want to say that we can help others, not only financially but by sharing what we know that can also help them. If there is a saying that "It's better to give than to receive", for me my saying is "It's better to share what you know in order to help than just to keep it to yourself".
This Christmas if you can't give a gift like money, bitcoin, and other material things, let's just share our knowledge of crypto with others as a gift.
Yes, lots of people don't know the facility of this sector so we should publish each other and we can make marketing to know others people and also lots of people trying to make help unemployed where he or she can make some money from this sector. |
|
|
|
Before thinking of investing in any sector what one considers is how long you are willing to hold. Let's take the history down to how investment all began. Moving from the era of Real estate to stocks to metals to oil blocks and now digital assets we would agree those who made it big in all these investment options were those who had the patience to hold.
This kept me wondering why one would even think of investing if they don't have the patient to hold. If you can't develop the hold attitude then the best option is to do a physical business where you can monitor your profit and see them come in regularly. If it must be crypto then you must be willing to hold and wait
This is a virtual world for digital investor cause lots of investing sector is available here so we can say if we buy any asset it's reserved for the long term so we have to hold to get better feedback. I am also waiting for some digital assets that I will be taken for the long term. |
|
|
|
I have been watching this market for a long time.
It seems that in the early part of a bull market, Bitcoin goes up faster than altcoins (ie Bitcoin dominance goes up.) In the late part of a bull market, Bitcoin still goes up but altcoins go up even better (ie Bitcoin dominance goes down.)
In a bear market, altcoins fall faster than Bitcoin (ie Bitcoin dominance recovers somewhat but has to wait for the next bull market to go really high.)
So, it would seem the correct play is to buy altcoins at this point, and then convert them into Bitcoin (or sell) when you see the bull market ending?
Any thoughts?
[I used to post as BobK71, and am using a new account after some logistical mixup.]
Bitcoin is king coin other word we can say mother coin and alter coin is supporting coin so obiasly we can say bitcoin is best but for trade and short term profit alter coin is suitable. |
|
|
|
Possible logo option PayPal Coin. Here are Jose Fernandez da Ponte's (SVP, Blockchain, Crypto and Digital Currencies at PayPal) words: “We are exploring a stablecoin; if and when we seek to move forward, we will of course, work closely with relevant regulators” Source link: https://www.bloomberg.com/news/articles/2022-01-07/paypal-is-exploring-launch-of-own-stablecoin-in-crypto-pushPayPal Coin is expected to be backed by $ Dollar U.S. I see both positive (+) and negative (-) aspects of this news. (+) Financial companies are feeling the wind of change and are trying to keep up with new technologies and new opportunities to increase their profits. Can say that this is in some kind of one of the stages of the masses of the adoption of crypto. Does the crypto community want cryptocurrencies to supplant traditional banks? Here is one of the stages to the formation of this. (-) Did you really think that the traditional banking and financial system would simply wither away from the mass adoption of crypto? Of course not. Those organizations that will not be able to adapt to new conditions will die. (+) This news, in its own way, attracts the attention of ordinary people to the topic of crypto. Moreover, PayPal has a huge user base, which allows them to be interested in crypto. (-) The disadvantage in this, I see, is that the new PayPal Coin will be centralized and, of course, the problem of mandatory verification. And of course, PayPal Coin will be very far from the ideology of Bitcoin. How do you rate the event with this company's plans to launch its stablecoin? That will be a positive system and positive news for all investor and this sector related people so i am very glad too see this news already Samsung trying too do good something and other big company taring too involved.so everything is good news for all of investor. |
|
|
|
Banks will die crypto will take over in 5-10 years
Why ? They are starting to ask to many personal questions and monitoring people like they are criminals / terrorists etc ...even if they are not ...
Govs want to much control on people...the world is becoming very strange and it all started with 9/11 attacks ... to many coincidences
To many things happened in 2 decades :
Terrorists attacks / Wars on Terror / Arab spring / SARS / Climate Change / Covid / Global trade problems and so on ...
Before 2001 life was normal ...does how are older remember ... now they are not even hidding it / no longer in the shadows what they are trying to do ...
Is it just to take peoples freedom for the "greater good" ? Will people allow their freedom to be taken ?
-------------------------------------------
Here is a example of problem with banks : I have another girlfriend or a secret kid from another women that i am sending money to each month to support ... now some banks started to ask questions what are you doing with your money ... ? Why are you sending to x,y,z ...We each have our own problems in life...Questions banks started to ask are to personal.
Already all of good banking system trying to do good something about blockchain technology so we can expect in near future we can see all beaning system operate by over blockchine technology. |
|
|
|
Ok, as of late I've been drawing some lines (as practice, mostly), and now I'm more confused than ever. Everybody keeps talking about BTC being bearish, but the lines I drew show it to be on an upwards trend. I'm attaching a screenshot of what I see. The graph is from Binance. So the magic question would be: what am I missing?   Pump and dump this is market I think the market will pump soon it can call we correction cause covid situation is badly increasing hole wold day bay day. so after some day, I think everything will recover. |
|
|
|
Looks like many economies around the world are going to be suffering major downfalls around 2030. The demographic pyramid is completely fucked up in many countries, with locals not having kids because basically millennial cannot afford to live on their own due low wages and high cost of living. In Europe it's all over the place. What grinds my gears is economists saying immigration is the solution and they will pay our retirement funds. This is insanity.
Anyway, do you have a portfolio that makes you comfortable about the future? we are definitely on our own so be sure to have some passive source of income for the future. Hopefully, Bitcoin saves our ass and by 2030 we don't have to worry about money anymore.
The future is always uncertain but I can say 2030 will lead the digital market will grow mast cause lots of people and institutes are involved here. so this section will lead the modern country. |
|
|
|
|
Show Posts
