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641  Economy / Economics / Re: Why Inflation is a big problem for a country? on: February 10, 2022, 04:48:25 PM
because , Inflation has quite a number of impacts on a country's economy, including inflation that can erode people's purchasing power. If this condition decreases purchasing power, then people will be more economical to shop. In fact, one of the drivers of a country's economy is supported by public consumption. If people reduce spending, economic growth will automatically slow down or stagnate, it could even be lower.

Inflation also affects and harms consumers because salaries or income become stagnant, but expenses or expenditures swell due to rising prices for goods or services that are the main needs.
High inflation often causes chaos in the economy of a country, sometimes countries affected by inflation actually get pressure from the prices of goods that continue to rise high, but it is not accompanied by income received by the community so that their economic stability is often disrupted, I think the country should be able to you can keep inflation as low as possible if you don't want chaos to occur in society, because in my opinion low and stable inflation is the main requirement for the country  economic growth as well as improving the welfare of the people of that country.
642  Economy / Economics / Re: Russia to make bitcoin a currency on: February 10, 2022, 01:28:28 PM
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 Russia

If 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 currency

Quote
Russia’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.

Right now the russian government has ratified bitcoin as a legal tender in the country, and maybe this is one of the reasons for the strengthening of bitcoin prices today, with the approval of the russian government, of course investors and traders in russia can make every transaction crypto without any worries anymore, but the russian government has set strict regulations in this regard, such as one about crypto transactions that occur more than $8000 must be reported and if not then the government will consider it a criminal act that will be subject to penalties or fines , although it has certain limitations on crypto, but I think this is quite good news for all of us, especially the crypto community in Russia, so this can be the first step of positive developments for bitcoin and other cryptocurrencies in this big country in the future.

643  Economy / Speculation / Re: Bitcoin closing balance on exchanges on: February 10, 2022, 10:25:08 AM
Probably most of bitcoin from other platform was transferred to binance? See the green percentage of it.  Wink no just kidding. But what if?  because as the matter of fact in year 2021 there's a lot of bad things happen wherein coinbase received a lot of negative feedback after being hacked. And about houbi as well that halting their service from other countries because of China.. Perhaps these a clues why most bitcoin in other platform is decreasing while binance seems still not affected, Just saying.
Security is one of the reasons for investors to secure their assets to safer exchanges like binance today, the velocity of money that occurs on binance in my opinion is quite stable and that's why maybe some big investors are starting to leave exchange platforms such as houbi and coinbase, maybe not only investors who choose to secure their assets to a better exchange or to a hardware wallet, but we traders who have small capital will also do the same, moreover we know that small platforms do not have better security than provided by binance.
644  Economy / Speculation / Re: Bitcoin in Rocket 🚀 mood. on: February 09, 2022, 08:18:36 PM
Since the last few days the price of bitcoin has again experienced a significant increase in the crypto market. I predict that bitcoin's current rise in price is likely to be on an upward trajectory until it reaches the $60k level again. Therefore, if more countries adopt bitcoin like EL Salvador, then the bitcoin bullish phase will continue until it sets another new ATH record.

Bitcoin price movements in the second week of february really made us quite excited right now, bitcoin prices started to rise again quite significantly, although in the last 2 day there were several corrections but bitcoin prices did not fall more than $42K, bitcoin has succeeded broke the resistance level in the $40K range in the past week and is now starting to try to reach the next price resistance at $45K, if later bitcoin is able to break the $45K price resistance and the volume of buying transactions continues to increase in the market, of course it is not impossible if we will see bitcoin can hit a price of $60K as you said, I think right now bitcoin just needs to maintain the positive momentum in the market so that it can stay on a positive path to hit its ATH price again.
645  Bitcoin / Bitcoin Discussion / Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 on: February 09, 2022, 01:56:09 PM
there are so many countries that say they want to adopt bitcoin but so far this has not been realized, but this is different from what is being done by the country of El Salvador where at this time they have adopted bitcoin widely in the country, and they have even created several Bitcoin ATMs so that transactions can be carried out as a whole, we really hope that the adoption by El Salvador can at least have a good impact on the survival of bitcoin in the future considering that bitcoin is currently experiencing a significant pricedecline.
Currently only El Salvador is the country only one that has succeeded in adopting bitcoin as a whole in their country, although it continues to receive criticism from western countries and also the IMF, this has not made President Nayib Bukulele give up his intention and instead he continues to add to the portfolio of assets they currently have, trust towards the future of bitcoin made President Nayib Bukulele believe if adopting bitcoin would improve their economy and get out of dependence on the US dollar, I think now other countries see El Salvador as an example of bitcoin adoption and if El Salvador succeeds in improving the country's economy, of course the country other countries will soon follow El Salvador in adopting bitcoin in later.
646  Bitcoin / Bitcoin Discussion / Re: Bitcoin thief on Bitfinex exchange caught? on: February 09, 2022, 12:04:15 PM
Caught or not, compensate to users or not, it does not have effects on Bitcoin in the long run. Because the times when exchanges store all or most of their capital in hot wallets which are more vulnerable to hacks has gone away years ago.

Nowadays, crypto exchanges have better strategies and infrastructures to deal against hacks, compromise, fund stealing. Hackers can successfully hack and steal some fund but not enough to crack down any good exchange.

Also good exchanges do have enough reserved fund to compensate users and sacrifice their earnings from trading fees during few months. It's unofficially help them to build up reputation and in long run will help them to get more customers, then more income.
Currently the US Justice Department has confiscated around 94,000 bitcoins from the case, if we look at it from a legal point of view, of course all the evidence will be returned to its rightful owner after the trial has been carried out, in this case Bitfinex is a platform that has the responsibility to return all the hacked assets to the users or owners, but what I wonder if the hacking case is revealed after quite a long time and we all know the FBI is one department that has great people and is supported by advanced technology, but it still takes time long time to catch the hackers,  great is it that the hackers are able to avoid the FBI?
647  Alternate cryptocurrencies / Altcoin Discussion / Re: Still not satisfied with crypto games on: February 09, 2022, 11:44:13 AM
Getting bored with crypto gaming projects, I'd like to make money out of something fun to play but with crypto games it's really about the money you will make out of the games, I've not seen real good game Devs utilizing the power of blockchain or maybe it's my taste of games that im used to, I just still prefer spending more time on my Xbox than crypto games because it's more fun than crypto games
Well if you want to play xbox then play with it and if you don't feel satisfaction for NFT games where you both enjoy and earn then stay away from it. NFT games is just still in progressing and developing stage yet so there still lot of improvement that will gonna happen to it as time goes by.
It's too early to equate xbox and NFT games, to become a game like it is now xbox takes years to perfect their game so that it becomes a very interesting game, of course we also need to give time for NFT game developers to continue to be creative in their games for make the game could be better, but for me personally, as long as the game can make money of course I will continue to play it no matter how the game looks, maybe there are many people who spend a lot of time playing games, but wouldn't it be better if we play games at the same time to earn money?
648  Economy / Speculation / Re: Cryptocurrency status at the beginning of the year on: February 08, 2022, 09:07:23 PM
In 2021 in November bitcoin and altcoins experienced a significant increase to set a record ATH, but from late 2021 to early 2022 bitcoin and altcoin prices fell again to touch their lowest point. Therefore, according to my analysis in the future bitcoin will again experience a significant increase until it sets a new ATH record again. This upside potential is also supported by the bulls at least in the middle of this year.
The start of 2022 was a pretty bad start for bitcoin, the price drop was quite significant and it caused panic for all of us.
How not?
Bitcoin which had previously reached ATH $68K unexpectedly fell almost around 50% in just a few months , the panic selling has pushed the bitcoin price down more and it looks like it will take us a long time for bitcoin to hit a new record high on the market.
However, before we meet the new bitcoin ATH, I think we can still take advantage of the current price drop to add to our asset portfolio and hope that the $100K price will be reached before the end of the year.

Looks like bitcoin has started reversing again. Currently the price of bitcoin has increased where since yesterday until now the price of bitcoin has increased by 10% and managed to break through the price level of $41k. I am sure this increase will continue. But it looks like bitcoin won't hit $100k this year. Let's see how far the direction of the bitcoin price movement continues.
In the last few days the bitcoin market started to strengthen and slowly started to break through the price of $44K, and this became the highest bitcoin price after the level of decline that occurred in January, I think now bitcoin is trying to break through a bullish uptrend, and if possible bitcoin managed to achieve a strengthening price at $45K of course maybe we will see the bullish trend will be able to continue until the end of Q1 this year, according to several articles I read on Coindesk,the presence of a lot of focused incoming funds on Bitcoin last week was the cause of bitcoin prices starting to increase, and many are starting to speculate that the bitcoin price might reach $100K by the middle of this year, but still it's just a speculation that it may or may not happen, so it's better for us to continue to monitor bitcoin price movements right now and hopefully bitcoin could reach its latest ATH before the end of 2022.
649  Economy / Economics / Re: Facebook ("Meta") down 25% in a day on: February 08, 2022, 03:20:41 PM
Not a good time for any tech stocks.

When interest rates are rising, there is a tendency for these companies to sink to the ground with their PE ratios.

I would say that they are pretty fairly priced, though. They still have some of the best employees out there and a vast abundance of information, so this could potentially be a good entry point for investors.

Smart investors will surely view this as a good investment opportunity because at the end of the day, The company is still "Facebook" which pretty dominated the social media industry with all it's subsidiary social media apps company like tiktok and instagram. This 25% loss is just a result of the current economic weakness globally. I'm pretty sure they will bounce back strong as soon fear is already clear. Only facebook bashers will gonna celebrate about this minor down fall.
This is an opportunity for investors to enter and buy up Facebook shares, I think what is happening to Facebook today is because of the tight competition among social media companies that are currently growing, besides the large number of user data leaks that have resulted in a decline in daily Facebook users what happened was quite significant, so it is clear that this makes Facebook valuation value also decline in the market, reportedly the loss that Facebook is getting is now the biggest loss for a company in America so far, But to be honest, if you look at the magnitude of the influence of Facebook in today modern era, of course decrease it will not last long and maybe they will be able to bounce back in the next few weeks.
650  Alternate cryptocurrencies / Altcoin Discussion / Re: Shiba inu on: February 08, 2022, 02:35:40 PM
I think have late entry and buy back Shiba coin right now because today increase pump almost 20%, better hold and waiting when bitcoin dump I see Shiba coin have bad trend with bitcoin situation. Almost when bitcoin dump Shiba coin will allow to dump and better right now waiting with Shiba coin back to lower price, I like Shiba coin because increase dump and pump most 20% each day, looks most profitable to buy Shiba coin although not bigger funds for investing keep earn almost 100$ profit every time when Shiba coin reach higher price.

Shiba inu is currently experiencing price increases in the market, and it is very lucky for traders who enter when the price of the shiba inu some time ago experienced a price decline, but staying on the shiba inu for a long time of course poses quite a big risk in my opinion, currently, Shiba Inu already has a large market and a large community, but still, the Shiba Inu Pump only depends on the hype that is happening and not because of its strong fundamentals so far, so of course it is very easy for whales to play with the price of Shiba in the market and if we see that the shiba inu is currently experiencing a high increase, but it is possible that the price could suddenly fall again.
651  Alternate cryptocurrencies / Altcoin Discussion / Re: My Painting is now NFT on: February 08, 2022, 02:25:37 PM
we can't predict someone's luck, the unexpected thing is someone in my country who diligently uploads his own photos on opensea, for 4 years, he got luck that he didn't expect. until finally many people flocked to offer their work at opensea. but a person's fortune cannot be imitated, but if it is our right then nothing is impossible, the important thing is that we must continue to work

Yes, I've also heard that if someone from Indonesia earns quite a bit of profit from the NFT selfies he sells, I think what he gets is a luck, He uploads selfies every day and he even became a trending topic on Twitter at that time.

That's why many people now upload their photos on Opensea. They use a proverb, "just follow where the money flows, and you may have a chance to make money."

People can use any price they want, but no one will know when or who will buy that stuff. And yes, I agree that he can use a small price to see if he can get his first buyer, but that will be up to him.
What he did was indeed an inspiration and encouraged many people to do something and hope them the same luck, indeed no one forbids people from uploading NFT on opensea, but if you look at Opensea now it looks very bad because almost everyone uploads NFT on opensea outside of works of art, in my opinion, Opensea now looks like a messy market, because we can find things that are inappropriate for uploading such as photo ID cards, passports, bank accounts, vulgar photos, and even personal photos.
652  Bitcoin / Bitcoin Discussion / Re: I gave 100$ of Bitcoin to my elder brother as a gift on: February 07, 2022, 09:48:23 PM
He doesn't have any wallet or exchange account, so I opened an exchange account for him and set up all the settings. I teach him some basic things in the crypto industry (those will help him to secure the account). I also suggest him to put his Bitcoins in staking, which will give him some APY return in long-term investment. The staking method will help him to grow his Bitcoin. I also suggest him follow the SIP strategy, if he finds any interest in the crypto industry then SIP could be a better option for long-term investment.
This reminds me when i tried to introduce my brother to bitcoin two years ago. I thought him how to set up a wallet (Electrum) and sent him 50 $. Few months later he started a selling service in facebook of gaming stuff (skins and arms) ; the first stuff he bought them from somewhere in the internet, he used that 50$.
Giving valuable gifts to other people will certainly make us quite happy, especially if they are able to change their lives to be more successful with the gift capital that we give, of course we will also be very proud to see their success later. I applaud what your brother did, only with $50 in capital he dared to try to develop a business of buying and selling goods, I don't know if his business is currently growing or not, but the way he takes advantage of the gift  from you make me amazes and believes that he has a business spirit , as the saying goes, don't give someone fish but give him a fishing rod so he can be independent....!  Cheesy Grin
653  Economy / Speculation / Re: How come BTC is not at least $75,000 yet? on: February 07, 2022, 09:17:45 PM
~
When you're thinking about what he said in the OP, it's not actually impatience.  It is more like why people are still into investing in fiats or even centralized stuffs outside crypto.
Government already saw its value and that's why they're trying to regulate it, which is really stupid.

As of writing this, Bitcoin just went past 40k so that's something at least.
Right now bitcoin has been able to break through the price of $43K, and we hope that the positive trend of bitcoin can continue and be able to break its highest price this year, I think for now we just need to be patient and hope that bitcoin can get a strong price boost again in the market, so it's possible that we'll see a $75K price imminent.
654  Economy / Economics / Re: India's 30% tax on income from digital asset on: February 07, 2022, 09:11:36 PM

It's a double edge to me. We have the legalization aspect (after so many ban proposals) but the rate looks quite high especially when they lowered the personal income tax rates (for certain income brackets) and the Capital Gains Tax appears lower too. It seems like they really want to get the most from crypto retail traders and investors because they know that there is a strong demand and a large number of transactions.
Of course I don't think it's a fair thing for everyone, but the government may have targeted a crypto whale or other big investor in your country.

If this applies to crypto then I'm sure no one wants to hit the threshold. I can't give 30% of my profits to the government while they can never give me free capital. This is absolutely insane for legalization and tax regimes. I just feel that the government is not only concerned with tax revenue but they are trying to prevent big investors from coming to crypto.

On the one hand, indeed, the existence of a crypto tax makes the Indian government look like it supports the legality of crypto in the country, but on the other hand, the tax seems to be used to suppress crypto development for ordinary people who have small capital in investment, just like you, if that is the case. happened in my country of course I also would not want to pay the tax, because the percentage is quite large, besides that the government only wants to know if we get a profit but they will not care if we lose  our assets due to hacking or stolen, and maybe it will be more realistic if the application of taxes is also balanced with the amount of guarantees given to us as crypto lovers, now I read news that many citizens in India who signed an online petition reject the government decision, because according them, the tax is 30 % will only destroy  crypto in india.
655  Bitcoin / Bitcoin Discussion / Re: What if crypto mining is outlawed ? on: February 07, 2022, 06:36:57 PM
if other countries also ban bitcoin mining, they can only issue regulations. but the state will not be able to block the mining software. mining operations will continue to run illegally. just like the presence of crypto, not all countries legalize crypto. but what happens they can still use crypto illegally.
It is difficult to carry out mining illegally, especially if it is carried out on a large scale, because many cases have occurred both in China, Malaysia and Russia where mining cases have been uncovered due to the large supply of electricity at the mining operation site, so the government can track them down easily and that's why we can see in the news that many miners are caught, now many countries have indeed made rules in the use of crypto as an investment asset and forbid using it as a tool for transactions, so that is why crypto can still exist even with strict rules from the government.
656  Other / Meta / Re: [Voting 2021] Bitcointalk Community Awards 🏆 on: February 07, 2022, 11:04:21 AM
1. Absolute Hero of Good: theymos, Cyrus.
2. Golden Feather: LoyceV,  DdmrDdmr
3. Bitcointalk Ninja: TryNinja, cygan.
4. Bitcoin Geek: fillippone.
5. Event of the Year: Bitcointalkshow.
6. Fail of the Year: NFT, Elon musk.
7. Discovery of the Year: n0nce.
8. Best SpamBuster: Ratimov, actmyname.
9. Best ScamBuster: Ratimov, lovesmayfamilis.
10. Craft Master: Hhampuz, jayce.
11. Antihero: 1xbit.
12. Miss Bitcointalk: Foxpup, Mitchell.
13. Best Moderator: mprep, mole0815.
657  Bitcoin / Bitcoin Discussion / Re: Crypto-Currency in Africa on: February 06, 2022, 04:59:34 PM
Well it's quite impressive Africans are getting interested in crypto and have gone out of the belief of investment being a scam

Please are you just assuming this because you have hard some few cases of scams from Africa or is there any actual data that shows Africans never believed in Investment and see it as a scam? Do you know that the World Richest Black man is actually an African in Africa and not from any other country? World's Richest Black Man And do you think hos investment started yesterday?
I think the development of cryptocurrencies has been comprehensive all over the world today, so it is very funny if we say that the African people have become interested in crypto investments recently, compared to other countries, Nigeria which is one in the African countries has their own digital currency, namely eNaira and of course this shows that the development of crypto in Africa has been going on for a long time, so that Nigerian leaders dare to take risks to issue their own digital currency.
I think about the belief that investment is a fraud as @Elbecca said, of course it doesn't only happen in Africa, in developed and developing countries many people also think that way, because of the many fraudulent news that occurs and obviously creates fear for those who want to invest, but I think in that case it's not just crypto investing but investing in general that they think about.
658  Economy / Economics / Re: i was right people have no more money on: February 06, 2022, 04:26:31 PM
 Run out of food, a long crisis, possible limited income, work done by machines, this may hit some countries and is quite painful for human resources
  The media broadcasts about this difficulty. Maybe in a village like me, maybe it can be used from the earth and agriculture for personal consumption and local residents and can boost our economy even if it's just bartering for other needs, hopefully this crisis can be recovered and specifically resolved dense society in this limited city and developed country.

how in your area to tackle this together?
Rampant inflation, a pandemic that is still attacking, limited jobs and higher prices for necessities, have made it difficult for people to live life today, perhaps the situation is quite different between rural and urban areas, I have visited several places, and indeed It can be seen that the living conditions in the village are still relatively stable compared to those who live in the city, I see that the economy in the village is actually not too affected by the existing inflation because some of them take their daily needs from agriculture that they do themselves, while the people who live in urban areas are a consumptive group who rely on money to meet their needs, and if the less income they generate, it will certainly have an impact on the lifestyle they live in today's conditions.
659  Economy / Speculation / Re: Bitcoin first week price speculation on: February 06, 2022, 12:05:31 PM
Throughout January 2022, the price of bitcoin continued to enter the red zone and even the price of bitcoin had dropped to $34k. However, entering February this year, the crypto market has slowly rebounded and bitcoin has returned to the $41k resistance level. I think, at this time, we have entered a bullish phase so there is hope that bitcoin will create a new ATH again.

Hmm, not yet bullish phase, maybe this is just one of those wherein investors from all over the world goes to bitcoin because stocks is tanking. And when they move out, maybe it will pull the price down again.

So I would say that we need to be very vigilant of the price movement and let's not prematurely tell that we are in a bullish cycle and will create a new all time high.
I think, price movements are still too sideways at the moment, so it is very difficult to determine where bitcoin will end up later, investors who tend to shift their assets from stocks to bitcoin indeed make bitcoin prices start to improve slightly,  but what @boafeng said is true, if the current market conditions has not shown a strong bullish cycle, sideway market conditions sometimes trap us who are in a hurry to buy at a slightly expensive price and think that the market will return to a bullish cycle, but often we are trapped and the market will return to a bearish phase when there is a little price pressure in the market.
660  Bitcoin / Bitcoin Discussion / Re: Celebrities Embracing bitcoin because of Divorce? on: February 06, 2022, 09:15:22 AM


I thought it's the other way around, they accept BTC because they are seeing possibilities that in the future keeping BTC in their wallet will keep their coins with them and not going to be cut in half to be given to their ex-wife.

If you have BTC while you are still single and you got married after a year yet you still have your BTC in a wallet. Will these coins in the wallet be considered owned by the couple?

It is difficult to explain this and of course it all depends on the marriage laws that apply in a country or on a particular religion, but broadly speaking, bitcoins that are owned when we are single are absolutely our own and of course we have full rights to the assets. However, if we get married and buy bitcoins during the marriage, of course the bitcoins will become a shared right between us and our partners, but I think after the wedding of course we will also share them with our partners even though we have bitcoins when we are single, maybe in this case only we and our children will have full rights to what we have whether we are single or married later.
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