The US national debt increases every year because the US government continues to spend more than it brings in via taxes every year.
Roads are primarily financed by state governments, however the Federal DOT does give grants to states.
The overwhelming majority of US Federal Tax dollars go to transfer payments (welfare), although some of these tax dollars are specifically designated for transfer programs that the payor will, in theory will eventually get back (such as social security). It probably would be best to eliminate or significantly reduce most transfer programs because they create disincentives for individuals to generate income and wealth.
The primary thing that government provides that individuals absolutely cannot purchase themselves if there were no income taxes is a national defense, and as such, there must be some amount of taxes that collectively pays for national defense and security.
I also believe this, incentives matter and a progressive tax rate disincentives those that are the most productive, I have known a lot of people that could make more money and decide against it because the taxes are not worth it, so instead of having people working as hard as possible now you have some segment of the population working below capacity because of high taxes, governments should go back to its origins and secure their population from external and internal threats and enforce contracts. |
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I dont think so, its impossible to achieve it only in 10 years, even only few people in my city who know about bitcoin, I have told about bitcoin mu friends but they don't believe it so I think it will not easily achieved in next 10 years.
It will take a lot more time than that, you are correct in that but at the same time the first decade in the life of bitcoin was a way to let the world know that something new has arrived, the next decade is going to be one of expansion but we are still going to struggle with adoption, I really think that the beginning of the third decade of bitcoin is going to be the one where we will see major adoption. |
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The last time the CBOE launched a Bitcoin financial tool, futures, we saw $20k. Recently rising Bitcoin dominance shows people betting on the latest CBOE tool, ETF, being approved. Bitcoin dominance is heading towards fifty percent by marketcap. What does this mean for the price and how should traders and investors view it? Marketcap is by far not the best metric to read dominance, but that doesn’t mean it can’t add value to your trading. Latest Podcast Episode Discussing More Details
https://soundcloud.com/buy-or-sell-what-the-hell/does-bitcoin-dominance-matter-to-traders-35That is not a good enough reason to get bitcoin at 50k before the end of the year we need a lot more than that and right now I do not see that price being reached that soon, if it happens I will be extremely happy since that is my target price but if we were to reach that price that soon I will probably still hold my coins and wait for more time because I have the idea to hold my coins at least for 5 years. |
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🚨«Buy Bitcoin now!»
🔸Dan Morehead, the founder of crypto-oriented investment firm Pantera Capital Management, says now it’s a good time to buy Bitcoin and other cryptocurrencies.
🔸“Get invested now so that in three, four, five months when the institutional, quality-regulated custodians that we're hearing about come online, they'll already have their positions,” he added.
🔸According to Morehead, investors could buy a cryptocurrency once it breaks its 230-day moving average, which is a technical indicator, and hold it for one year. This might generate an average 239% return, he says.
Well, we do not really need an expert to say to us what to do when it is so clear, the price is very low if a person is not going to invest right no then it is better that person never invests in this market, if you let go of this opportunity and you invest later you are going to miss on thousands of dollars in profits and the longer you wait the greater the chances that you miss the next bull market. |
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at least by doing HODL, the price is not so low when compared to people who panic sell
just imagine if everyone is doing HODL, then market demand might rise and cause prices to increase, because circulation is reduced by the number of HODLERS,
whereas if panic sells, everyone will wait for people to panic to buy BTC at the cheapest price
Yes. Much better to play safe rather than doing panic selling in bitcoin. It is better than doing stupid things. How many of the people that have tried to guess which direction the market is going to go were successful and earned a lot of money through trading? Not many, there are still people that are lamenting selling when bitcoin hit the price of 2000 because they thought they could be smarter than everyone and short bitcoin in the process and since then they lost the opportunity to make a lot of money with bitcoin. |
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Totally agree with you. I know that bitcoin is an excellent long-term investment. But if you look at the possibility of earning money quickly, the altcoins certainly give us this opportunity. Of course, you're right that you need to have enough skills for daily trading, but it's worth it. All those who have been at the market for at least a year already know and have seen that when bitcoin grows, then on average it can gain about 5% of its anticipating price, while altcoins gain 20-30%. Therefore, for permanent earnings, the trade of altcoins is definitely more suitable.
Trading altcoins is very risky, if you think that trading bitcoin is hard you have seen nothing, altcoins can move at incredible speeds, I have seen coins growing 1000% in a single day and those that sold made a fortune overnight and then the price crashes and everyone that invested late losses all their money, so do not think of altcoins as just a way of making money, think of them also as high risk investments. |
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Bitcoin prices are now sad. along with the unstable price of bitcoin. I don't believe the price of altcoins will improve in the near future. so I choose to save real money. but if you want to keep investing for a long time I recommend bitcoin. buy, forget and see later this year
I am sorry but by your post you seem to imply that bitcoin and cryptocurrencies are not real money and that is big problem for me, if there is a money that has been cheating us for a very long time is fiat currency, the one that you seem to consider to be real money, now you may think that is not an important detail but it is important because it reveals the way you think about this market. |
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when you do trading, do you always think about this, "buy some, sell some, hold some."
That is not really a strategy that you can apply, you can hold some of your coins and buy or sell the rest but you cannot do both at the same time, you will just lose money thanks to the fees of the exchanges and the transactions costs, to me what you are saying sounds as if you are just mindlessly trading and that is not a good strategy if you really want to make money. |
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Do not compare the trader and gamblers i know and we all knows the difference between of them, same has have risk, but trading is a serous job to earn profits in the clean way, not unlike for the gambling is not the source of earning for is only the game of fears.
Gambling can be a source of income for those that play games that are not only about luck but about skill as well, sports betting is probably the most common way in which professional gamblers can make money, but you are right we cannot compare trading with gambling since in trading you can pick the market conditions in which you will participate while that is impossible with gambling. true, sportsbetting is like more on need skill than luck because it is almost like trading, if trading we analyze chart, in sportsbetting we analyze both team that play on match. but we can't compared trading and gambling because of 100% loss in gambling wouldn't happen in trading Those that bet on sports use similar techniques like those that trade, an example is hedging, you can hedge your bets in sports the same way you can hedge your trades to avoid losses or to lock your profits just in case, but unfortunately many of those that trade treat it as a form of gambling and that is why we see so many stories of people losing their money. |
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Hi Guys
I've been in the crypto scene for many years now, first time post here over a dilemma I am facing.
So, I am fortunate enough to make 600k from buying and trading Bitcoin and other crypto assets, and I don't know what to do with the money. Personally I think this is the year I will become a millionaire, as I can only see the marketcap of all coins growing. But friends close to me think I am an idiot for not selling yet, and if it were to collapse to zero, I would never forgive myself. But they don't know the market like I do, and I do believe that it is only the beginning. They say I should sell 95% buy a house, a car and live a nice lifestyle. I am frugal, have always lived within my means and never spent any crypto money as of yet, but I am tempted to start spending some of it now. I am 26 years old, rent an apartment and drive a car worth less than most peoples pushbikes.
My portfolio currently looks like this....
43% Raiblocks
40% Oyster Pearl
5% Enigma
4%Dash
1.5% Bitcoin
and tiny holdings in Waves, Lisk, Stratis, Game.....
I think that both XRB and PRL can double easily this year.
This is not based on greed btw, I want to make enough money so I can buy my siblings houses and see them mortgage free.
What would you do if you were me? When do we call it a day and give up trading?
Many thanks for your help in advance.
It is too early to quit, it may be a good idea to cash out some of your profits but you seem to have talent for this so use that talent to produce more money, the next bull market is going to be even bigger than the past one and you do not want to miss it, I am waiting for it because if it is big enough then it could be possible for me live a comfortable life for a long time. |
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Due to the fact that the bounty companies have gained great popularity, the number of participants has become very large and so after the distribution of tokens you get less money. In addition, a lot of projects are fraud, and because of this, it becomes harder to participate in bounty companies.
This is true and it is something that many people are realizing, there are more campaigns than in any other point in the history of the forum and there are more people trying to collect some coins and yet the profits of everyone have gone down since the market has become so saturated that now it is impossible to obtain good profits as a bounty hunter. |
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I understand your view of buying more now because it is at low price. However, if you can't afford to invest more money now, Invest what you can afford to buy, stay calm and don't put your self in unnecessary pressure in looking for money to invest on a volatile currency. Also, there will always be other opportunity to buy at low prices in the future (because of it volatile nature).
Correct, I remember seeing a thread of a person that bought 3 bitcoins at 19k on credit, if the story is true then his life is ruined because even if bitcoin skyrocketed right now he will be eaten alive by the interest rates, so even if you consider the current prices to be good you must only invest what you can afford to lose or face the consequences later. |
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I mean Why bitcoin? Why waste huge energy in mining. As everyone know bitcoin is useless in terms
of usability.
My question to bitcointalk users :
Is this possible that any altcoin become no 1 on coinmarketcap and bitcoin disappeare
I think this can be possible, what you think so comment below...
It will depend on one factor, why do you think bitcoin could disappear? And how do you think this could happen? Because if bitcoin disappears because of a technical issue with the blockchain or something similar then all the coins are going to be vulnerable and only the coins not relying in the blockchain will survive, like IOTA, but if that is not the case then bitcoin will still be the best coin in this market since many coins use most of its underlying technology. |
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A lot of people are reaching a point where they are considering selling their coins. I would like to know, what your "panic" sell
point is?
I bought most of my coins at below $1000, so I am not worried at all about the drop in the price. I will never walk away from
Bitcoin losing any money, because I sold some bitcoins when the price reached $19,000 last year and made back all the
money that I invested. Some people bought at $19,000 last year, and I think many of them sold already. Do you have a point,
where you will push the "panic" button?
I doubt that it will go down much further, but if it does... where would you start selling your coins?
I don't have one. I simply couldn't understand why would anyone sell at such losses (assuming they bought at $19K). If you're looking to cut your losses, you should do it when Bitcoin price is still above $12K. Selling below $6K when you bought at $19K means you're only getting below 30% of your initial investment and that's just ridiculous. Better keep holding that Bitcoin just in case it goes another megabull to make new ATH. This happens because people do not really have a plan, they just enter the market and buy some coins and somehow they expect that everything is going to turn all right, and if you do not have a plan most of the time that is not going to happen, that is the reason why so many people sold their coins despite their massive losses, they were not prepared for the possibility of the price of bitcoin going down. |
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That applies to any market but people do not want to accept that truth all of those that keep trying to guess which coin is going to be next one to skyrocket will lose all their money before they find a coin like that, some find the right coin out of luck, but how many actually hold for long enough to see those profits? Not many and then they get bitter about it, so like always the best recommendation we can give in this market is hold your coins and to not sell them until you get to your target price.
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Trading needs a lot of strategies like patient, making a research or anything that can help to you to grow your money.
Trading is not easy need a lot of knowledge there before you start better if you have some knowledge before to start it because if you do not have enough knowledge can cause losing your capital.
All these even starts with a very great knowledge. This knowledge is one thing a lot of people do not have because they always refuse to learn most of the time. What some people just want to do now is to hit the exchange and expect to start making money from the fluctuations by buying low and selling high which is not a strategy. Even if you are buying or selling, there are certain things to be looked at to help fuel that decision, and the truth is that so many people usually discard that and end up facing the consequences. There is not any secret thing in trading now all you need is to follow the basic market language, strategies according to different market situations, rules and guiding principles. Trading with less valuable currency or coins will give you less return while more valuable currencies will give you huge returns and valuable coins are two which are favorable for long term, Bitcoin and Ethereum. There can be nothing but the hard work and the efforts which you put in which can then help you in becoming a successful trader in your life. There is no such shortcut which can help you in earning of lot of money and that too in no time. If you want to become successful, then you must keep on working harder and that you need to learn the techniques which can then help you in making more money. People do not want to recognize it but those that are successful most of the time are because they are willing to work harder, when East Germany was part of the USSR everyone was poor because that was the reality of communism, but once the two Germanys reunified the standards of living of everyone in East Germany improved but there were some that became richer and were above the rest in terms of financial wealth and even if everyone was better some were bitter since they could not give any other explanation except those people worked harder and deserved that wealth. |
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This year is a special year for bitcoin, statistics show that in the second quarter of 2018 bitcoin prices ended with a discount of about 8% for the first time in history. All of the previous years have shown bitcoin growth in the second quarter. Do you think this is a bad sign of a long-term downturn of bitcoin or do you still believe in a strong rebound in bitcoin prices? at the end of the year.
Bitcoin will always recover no matter how its market price drops because people will still continue to invest due to its price that it keeps on growing depending on the supply and demand in the market. We know that bitcoin will eventually recover but for some reason the newbies do not seem to think like that and when they realize the mistake they had made it will be too late, people make the mistake of investing when the price is already very high, we saw that in December, and I'm completely sure that is not going to be the last time we see such a mistake among new members in the forum. |
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To get x5 profit, from 10 ETH up to 50 ETH, the only way is to invest and trade. You may consider investing in BTC, ETH, altcoins or even ICO projects. Because to make big profits, the only way at the moment is to invest in ICOs. Therefore, I advise you to keep your ambitions and long-term investment in BTC and ETH much safer than investing in ICOs.
Earning 5 times your investment is not that hard but since you want to multiply your investment not in fiat but in cryptocurrencies your only hope is to invest in altcoins with low market caps and hope that they grow faster than ETH and while that is possible the market of altcoins is in a very bad shape right now so expecting anything out of it right now is not the right choice. |
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According to a study conducted by researchers at Imperial College London, cryptocurrency has the potential to become a form of payment that is widely used for decades to come. In their research report entitled "Cryptocurrency: Overcoming Barriers to Trust and Adoption" Professor Imperial College London, William Knottenbelt, and Imperial College Business School Dr. Zeynup Gurguc, argue that cryptocurrency has so far acted as a store of value like a fiat currency.
It is very likely to happen unless a new currency has been devised by the government in the future and it is more widespread. Personally I think Bitcoin can only be represent for cryptocurrency because its value is at least a few thousand dollars, which is very annoying if you have 1 Bitcoin and want to buy a couple of snacks. Not because because you do not want your 1 Bitcoin to be 0.999999 Bitcoin, but also you don't know whether you pay more than the amount of the item you bought because the value of Bitcoin is so massive to keep track on. What you say does not make sense, you do not have to send 1 bitcoin and then get change, you can send exactly what you need to send in order to pay for products and services something that is not always possible to do with cash, this is why bitcoin can be divided up to 100 million satoshis and if for some reason bitcoin became so valuable that we needed an even greater level of divisibility then the developers can change that. |
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I'd love to use my Bitcoi. But then again, utility companies don't accept bitcoins, groceries haven't heard of bitcoins even my insurances don't give a damn about it. I mean yeah internet related transactions are good but I don't have any transactions over on the internet. But like any other fiat, you can always invest on them.
This is going to be the case for some time but I really think that things are going to change in the next years and decades, adoption is not something that you can force out of people, they do not see the reason for adopting bitcoin yet but they are going to see it in the future when there is an economic crisis and they understand it was because of fiat currency. |
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