The Russia's central bank wanted cryptocurrencies to be banned in its country but the Russian president, Vladimir Putin said bitcoin mining and other crypto mining will be beneficial for Russia. Some people at that time have been supectimg this could be a move by the Russia's president that he is planning to invade Ukraine which will result to sanctions, thinking cryptocurrencies would be a means to evade sanctions and make it economically less effective. Ukrainian Vice Prime Minister Mykhailo Fedorov demand crypto exchanges to freeze all Russian accounts so that the sanction can be effective, but most exchanges did not support this. I read few days ago that cryptocurrencies may not help in Russia sanction but FinCEN concluded that Russia can attempt to use cryptocurrencies to evade sanctions. FinCEN Provides Financial Institutions with Red Flags on Potential Russian Sanctions Evasion AttemptsWhat is your take? What role can cryptocurrencies play in helping Russia sanctions evasion and to what extent can this be? Ukrainian Vice Prime Minister Mykhailo Fedorov would like to freeze all of Russia completely  Russia can use mining. I think it's a matter of time. Russia may use crypto exchanges that do not comply with sanctions or do not have control systems. This is one of the well-known options for circumventing sanctions. |
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If you're constantly up on the news, I'm sure you're aware of the scientists stage worldwide climate change protests.
Over 1,000 scientists from 25 countries took part in the Scientist Rebellion's demonstrations over a week ago.
How does this affect on the market? Or doesn't at all? On the prices of bitcoin?
Saving the environment is very important for the world. But this does not affect the price of bitcoin. But the mining process consumes a lot of energy. And this is where bitcoin and ecology can come into contact. I don't see any other dependency. The mining process produces a large amount of used equipment, carbon dioxide and toxic metals in the air. |
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Inflation is the depreciation of money. It cannot be undone. We can do a little painless for us. Gold can save money, but It doesn't guarantee income. By raising the price of some goods, we will get a high cost of other goods. This process is very complex and we must be prepared for anything. Every month something happens in the world and it's already starting to upset.
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It will be interesting to see the result of sanctions against Russia in a few months. What else can you refuse? Take a shower, wash your face, drive a car, dine in a restaurant? Great! I will never understand why sanctions are needed if members of the government cannot work normally. All problems can be solved through negotiations. This means that it is beneficial to countries that promote sanctions against people.
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if you can say,, there are many factors that cause this, one of which is an incompetent president ... Biden with his lazy ass is too focused on things that are not important and does not care about its citizens .. even though there are many things that should be resolved in America, but he chose to manage the war in ukraine..
It's much more interesting. I don't think he can do anything in his country. I really regret that people made such a choice for themselves. If this continues for a few more years, the graph will only move down. I do not see good performance for country in the near future. What he does is like convulsions before death. |
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Anonymous hacker's group fight against Russia Russians are obviously passing through alot at this trying time as a result of it government invassion of Ukraine, this brings about the interference of one of the world's known hacker's group "anonymous" declaring waging war against Russia by hacking into their government official websites, Russian Tv channels releasing the footage of their invasion on Ukraine to the world. Considering the magnitude of the implication caused as a result of Putin engaging war against Ukraine, the Innocent Russians have suffered much in the areas of: sanction and swift ban placed, economy downsize, denied access to international freedom trade, inflation, devaluation of RUBBLE against USD, loss of military personnels, denied access to social media (Facebook and Twitter), ban of about 25,000 coinbase users accounts and pause in other crypto exchanges, shutdown in Kazakhstan bitcoin mining and crypto related activities, Mastercard, Visa and PayPal service shutdown, loss of innocent lives among others with the threat to also release one of it deadliest nuclear weapons. When i watched this video of Russian soldier surrenders to Ukrainian public who feed him and tears begin to drop from my eyes that why are we humans the cause of our problems? another report coming in says Russia will begin to loose hold to withstand starting from Sunday. Must Russia (Putin) remain adamant in proving to the world its ability and last resort? Today, a war can be waged without soldiers. You can launch the necessary information on the Internet and introduce any necessary information into the brain of people. The information war is the most successful today. You can do great things and have many supporters. But in order to join either side, we must know what is really going on. Unfortunately, we do not always know this and swallow only what they try to feed us.That's all we need to know about the work of hackers. It's their job to make people eat what people don't want to eat. |
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The verdict is in, and contrary to what socialists say, capitalism, with all its warts, is the preferred economic system to bring the masses out of poverty and to make them productive citizens in our country and in countries around the world. Remember this: Capitalism rewards merit, socialism rewards mediocrity. I mean, socialism talking about equality but it is just a beautiful lie , and capitalism is an ugly truth !
We have a bad idea of capitalism and socialism. Every economic system has its good and bad qualities. Today, the largest number of countries have a mixed form of capitalism with some degree of state regulation as in socialism. And there is nothing strange in this. These two economic systems are opposites, but both of these systems have the right to exist. |
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What can crypto offer them?
As almost everyone around us is talking about inflation both on news, social media and on the internet and with so rising inflation hitting investors has been a topic for discuss.
Literally, some assets has been going down in value including fiat and cryptocurrency due to inflation and other issues around the world.
So it's a little difficult to recommend crypto for invertors to hedge their funds since all almost every crypto asset is going down in value too. But I still believe that investment in digital asset (cryptocurrency) like Bitcoin is indeed the best and secured place currently for investors to look forward for defense and to hedge their funds.
Hedging funds into crypto will be a very good option for them because when we have enabling ground for market recovery after this geopolitical distractions, history has shown that Bitcoin (cryptocurrency) has proven to be one of the best performing asset when it comes to return on investment (ROI) for over the past few years for investors when compared to other asset. This is thus, making it a safe heaven for investors to hedge their funds right now. Therefore investors are seeing it as digital Gold and it almost taking the role of Gold.
Cryptocurrency has no collateral. If one day people stop using cryptocurrency or lose confidence in it, it will turn into an empty place. In some countries there is no specific status for cryptocurrencies. We need a unified approach to this. What is bitcoin today? Payment instrument or asset? The price of a cryptocurrency can skyrocket and fall down. Who can guarantee that my money can be saved? I don't think there are any guarantees. |
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Like two days ago, Elon Musk in an interview says Twitter ads be better to be paid in bitcoin. Elon Musk has 82.4 million shares of Twitter which is 10.3% of Twitter. Recently he wants more of Twitter and wants to buy Twitter. Tesla boss Elon Musk has offered to buy Twitter, saying he is the right person to "unlock" the social media platform's "extraordinary potential".
In a surprise announcement, Mr Musk said he would pay $54.20 a share for Twitter, valuing it at about $40bn. It recently emerged that Mr Musk was Twitter's biggest shareholder after he built up a large stake in the firm. He said that if his offer was not accepted: "I would need to reconsider my position as a shareholder". We all know how deceitful Elon Musk can be, all he cares about is doge coin, not bitcoin, even doge coin rose when he bought shares on Twitter, he is only looking for ways to make doge popular and this can be effective if he owns Twitter. I believe he will fail because Twitter is never like Facebook and will never be like Facebook. His aim will only be towards making doge the dominant coin Twitter will be accepting just as he did with Tesla after his bitcoin criticism which he was wrong about but just wanted to fool people. I think if Elon Musk really wanted to buy Twitter, he would have already bought it. Why hasn't he done this until now? Maybe this has some meaning? Maybe just talking about this is the result that he needs?While we are discussing this topic, he will earn a lot of money from this once again. Because we know this man, he is capable of a lot and there are no boundaries for him. |
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Puzzles for the spoiled.  I am in the lower class and didn't have that perks to think about puzzles or anything. Go on with your life. Study, get a job, if you are lucky someone will like you, get a house. It stops there. A retirement plan takes place when you feel some parts of you body are hurting, that when you know your kids are near to leave you some place with old people. I invest but those are still not for me but for my kids. I guess I will think about that retirement thing when I am done giving them halfway that puzzle. It's good that you think about your children. You are a strong person! However, we must understand that at any moment in time we can disappear from this life. And then there will be no point in our affairs. There is a meaning for us today - it is the joy of our work, the joy of living and seeing this world, every day is a gift  |
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We have seen many ups and downs in recent years. Everyone knows that in bad years it is difficult to be afloat, to do your own business. Even if you have a lot of money, it is difficult to survive in bad times. This applies to the rich and the super rich. The ability to find the right solution and choose the right course in difficult times can save. And it doesn't matter how rich you are.
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If someone say sanctions is the right option, I suggest them to open Russia Ruble price to EUR or USD graph. It price has returned to pre war value. I see lots of brands left Russian market, but I see no life-drama complaints about it. I see no people in tears, due to Coca-Cola or McDonalds left. But what I see is that in my countries prices has gone up, not doubled, but extremely up. I am even limited to withdrawing cash from ATM, both daily and monthly limits are lowered...
But why would you look at the currency market as a validation for sanctions. There is almost no more trading going on. European and American banks have stopped to accept rubles or convert them. Russia has no real access to Dollars and Euros anymore. They have a lot of reserves in foreign banks, but can't access them anymore. There is no buy or selling going. That's why the currency markets don't give a real price for the Ruble. This is also why Russia is getting downgraded to partial default by the rating agency. They need to make interest payments of their bonds in dollars, but they have no access to it. They try to pay them in ruble, but not getting accepted. It's also why Russia wants gas payments in ruble and not euros or dollars. As long as sanctions hit people close to Putin and reduce the military spending its good, but if the sanctions only hit the average citizen it's not helpful I think. Russia do not have lot of reserve in USD or EURO. They have already converted most of their USD to gold assuming this sanction from the west. Heard a news that Russia will fix ruble price against gold and all the country has to pay in ruble or gold. Ruble already recovered from 50% correction and now it is going to be much stronger. As long as West doesn't have any other alternative than Russia for their energy sectors rubles will not fall any more if west force to pay in ruble or gold. This sanction game proved to be a massive failure against Russia till now. I agree with you. who decides for all people how much money they receive and how to feed their families. If this is a government that is designed to protect people and create comfortable living conditions for them, then why is this not happening today? How did it happen that strangers from another country decide for me what I have for breakfast or lunch? Why are sanctions imposed that harm my family? I can't understand it. |
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I agree that people with a high monetary income have a better standard of living and can live longer if they lead a healthy lifestyle. But there are people who do not have big profits but live a long happy life. Perhaps big money can even actually shorten the life of their owner. Statistics are made by people and they can be wrong, in fact, covid claimed many lives in different countries and it's very sad  |
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I Have been observing the way price of things are going up right from 2013 up till this time , add to the pandemic in 2019-2020 that caused high level of inflation to the world. Things are getting more expensive everyday both the rich and the poor are complaining of it and it seems the price of things will keep on getting higher. I'm thinking how will the world cope with inflation in 50 years coming 🤔, instead of price of things to come down a bit but it keep on rocking higher. I think the best thing to have in mind is to expect more inflation and to prepare how to tackle it in years coming.
The world system of money circulation connected the whole world like a cobweb. Inflation spreads to all countries and countries with weak economies are the first to suffer from it, which have a large share of imports. Wages can't keep up with rising commodity prices. In order not to feel the need, it is necessary to have investments in the form of shares or real estate. Such real assets grow with inflation and their value will always be real in the market. The situation is not always equally unstable and I think you just need to survive this difficult time. |
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20 years ago nobody would believe there will be something called digital currency (cryptocurrency) that will be threatening the very existence of fiat, same thing happened years back before the advent of fiat, most of the medium of exchange back then where slowly replaced with fiat.
Now with the technological advancement of this generation it is very likely something more advanced will be created, the world is evolving very fast, new inventions every now and then, so it is possible something new will replace crypto in the future.
There were digital currencies even 20 years ago. I mean they weren't as big as bitcoin but that is mainly because of blockchain, bitcoin became the digital currency everyone accepted because of the backing technology it had with blockchain. So, everyone who worked on such projects knew that one day it would happen, didn't know when and didn't know how it would happen but they knew that it would one day be perfected and happen. The first ever happened in 90's, we are in 2022, that is over 30 years of trial and error until this day, but if we look at 2008-2009 period as the start, that was a decade of studies done on how to perfect it as well. Crypto has not really fulfill that aim of serving as money so far and perhaps it may or may not (it is under probability) because the future is not certain and it is possible that some group of people are already exploring something new and different using all the loopholes of crypto or btc as a case study. There is always a possibility as long as human exist. I agree. Cryptocurrency has great prospects and to date, not all functions are working at full capacity. Cryptocurrency has a great future ahead in the payment system, and this must be implemented first, It will take time. After that, it will be possible to think about the next steps in the evolution of money. Today you can think about it in order to implement it in the future. |
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I am not sure that this is not a fake news, because it is in several digital media but not in any of the big ones. In any case, there is inflation all over Europe, and there will continue to be, but such a rise in supermarkets, if it materializes, should make the ECB think about what to do, since its main mission is to control inflation, and lately it had been a bit lenient with it. '.. .the German trade association said that before the Ukrainian war, prices had already risen by 5% in Germany "for the entire product line" because of rising energy costs. Moreover, "the second wave of price hikes is coming, definitely by double-digit percentages." Aldi also expects German food prices to rise by 20% to 50% in the next few weeks. According to a survey recently published by the Ifo Institute, almost all German food retail companies plan to increase prices. "Germany's food supply is guaranteed for the foreseeable next year," said the German Agricultural Organization. "But beyond that time frame, it is difficult to make predictions. "' Source: German food prices will rise sharply, Germans have to face a more impoverished life.The problem with inflation is that there is no short-term solution to it. You have to have at least a medium-term vision to fight it and it cannot be based only on withdrawing liquidity from the market as the ECB plans to do. Energy policy also plays an important role, and the solution proposed to stop depending on Russian gas is more expensive. With respect to the ECB, another problem that may be encountered is that of a catch-22 situation. After many years of giving massive amounts of drugs to the junkie, you cannot withdraw all the drugs at once, or the junkie will go cold turkey. Let's see how they do it without a major crisis. I don't think the situation will change soon. Difficult years are ahead and this increase in prices will affect everyone. Now people are forced to give up personal cars, but what will happen tomorrow? We can give up meat, alcohol, light, heat, but is that good? This is not a voluntary choice of a person. The government is forcing people to do it. All signs point to a major crisis ahead. I wonder how long the patience of ordinary people will last and why should they endure it? |
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Gilbert's Research shows people from 18 to 68 underestimate how much they will change in the future, because of that they miss long term financial plans! What do you Think? Do you have any long term financial plans?
We have long-term financial plans. But we have to really look at things. Which young people have the financial means to start investing at the age of 18? There are few such people. Young people must be educated in order to qualify for good jobs. As a result, we earn money by our labor so that our family can live normally. At this time, we do not think about distant plans. And only when we have the opportunity to invest, we can make financial plans and this happens well beyond 30, I think. So your age interval is not accurate. |
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Like two days ago, Elon Musk in an interview says Twitter ads be better to be paid in bitcoin. Elon Musk has 82.4 million shares of Twitter which is 10.3% of Twitter. Recently he wants more of Twitter and wants to buy Twitter. Tesla boss Elon Musk has offered to buy Twitter, saying he is the right person to "unlock" the social media platform's "extraordinary potential".
In a surprise announcement, Mr Musk said he would pay $54.20 a share for Twitter, valuing it at about $40bn. It recently emerged that Mr Musk was Twitter's biggest shareholder after he built up a large stake in the firm. He said that if his offer was not accepted: "I would need to reconsider my position as a shareholder". We all know how deceitful Elon Musk can be, all he cares about is doge coin, not bitcoin, even doge coin rose when he bought shares on Twitter, he is only looking for ways to make doge popular and this can be effective if he owns Twitter. I believe he will fail because Twitter is never like Facebook and will never be like Facebook. His aim will only be towards making doge the dominant coin Twitter will be accepting just as he did with Tesla after his bitcoin criticism which he was wrong about but just wanted to fool people. The offer to buy Twitter caused Twitter's stock to jump several points. If Elon Musk refuses to buy at the very last moment, then Twitter shares will plummet down. Perhaps he wants to make money on this. He clarified that if the company does not agree to accept his offer, he will reconsider his position as a shareholder, which means that his price offer will not change and bargaining is excluded. |
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i think the war ends when ukraine accepts the agreements and russia achieves its goal, if the war persists, it will cause serious consequences for people and property, hope the war is quick end soon so the people can live in peace
Everyone wants this war to end in a short time. I feel sorry for the people who lose their lives. But we must understand that after the end of this war, the world will not be the same. We'll expect our lives to not change for the worse because now I don't know what to expect. Perhaps we have not yet seen an alien invasion, now it is difficult to surprise us with something else. |
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Thanks for the answer. To begin with, self-moderation is evil for you? Do you think I will delete objectionable posts? I'm willing to give my word that, theoretically, only posts that are offensive or violate forum rules can be removed. If you want - if suddenly it comes to deleting posts - I will collect them in one post for "conservation". In a word, do not be afraid - we have democracy and not Russian totalitarianism with total control of everyone and everything  Why make a topic self-moderated, you don't trust the qualifications of moderators? I avoid posting in self-moderated topics, especially when the author is actively broadcasting a position other than neutral. Your position is definitely anti-Russian, it can be seen from your posts. So I'm sure we will soon see a further collapse of the "strongest economy, the greatest power", which is actually an empty shell and whose statements are empty words You don't need a PhD in economics to understand one simple thing. With all the desire, it is very difficult to go bankrupt, having a sharply positive foreign trade balance and a planned budget surplus. When you earn more than you spend, you don't have to worry about getting a margin call. This is a basic truth in the economy, something that you can reliably rely on and this soil will never leave you from under your feet. Your neighbor, who skillfully uses credit leverage and has a planned deficit budget, is likely to have a higher standard of living, he will have a newer and more modern car, a more spacious house in a more prestigious area, but in case of reputation problems and stains on his credit history - he will start in trouble, from which he can lose both the car and the house. But when you honestly earned yourself a car and a house, and paid for them in full, you can afford to give a damn about your credit history and not become a homeless pedestrian. Think about it at your leisure. As practice shows, apologists for the Russian world often turn the dialogue into a farce and turn to primitive insults! So the moderation itself is exclusively for this. And your right to like or not like this format. It is your right ! About the second part. The example you gave - absolutely agree with you! Everything is as you say! Having more income than expenses is a great indicator! Here's just a nuance - what does this situation have to do with today's Russia? Russia has a huge internal deficit, Russia has huge spending on war, Russia has accumulated huge liabilities in recent years, Russia has absolutely real losses in the hydrocarbon market, and, accordingly, a tremendous decrease in revenue. Tell me - and in such a situation, what kind of stability and prospects can we talk about? Let's just be realists and talk about real events and facts, and everything will fall into place! This characteristic can be given to any country in the world. I'm surprised that you just wrote about Russia. Do you really not consider this country great? Difficult times always happen, but we know history and understand that in such circumstances countries are forced to change their usual path and become only stronger. I am sure that Russia will cope with all the difficulties in the near future. |
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