so all countries specially the federal reserve should start printing the money... then they been talking about helicopter money well the usa can take their military copters fill up with money and let it snow the money donw. europe and other countries can do the same lets give to everybody minimum of 10,000$ lets just print money and give to people everybody will be rich becouse they say fiat based system are destined to be doomed anyways so lets crash it all lets print that paper and give to the people a lot cash  lets do it also the chrsitmas are coming everybody will buy the gifts Also lets make the ATM without card so even without work you go to stand besides ATM and you get cash... if you are short of cash you need money you call 911 and they will bring you the cash they will just ask how much you need.   nice plan ? Is this your genius idea to fix or to destroy an economy, if you start giving everyone access to money the want at will, what do you think would happen. The first thing is that people would stop producing things because they know they can get money for doing nothing, second thing that would follow is inflation, more money would start chasing items because there is too much money in the circulation. The best thing a government can do is to provide enabling environment for business to grow and strive, we have seen this with many war and famine ravaged economy that comes out fine, free things are poison do not touch it |
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What do you think is the plan of most of these big exchanges in the space, look at Kraken, it has a banking license, I believe in 5 years time some of these exchange would have gained banking license, the issue is just how they want to operate. Even if you look at some banks they have realized the threat Cryptocurrencies pose tp their existence and they have started adapting to the new reality
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Some people say that Avalanche has good potential and it offers something Unique. What do you say about it? its new features like Avalanche Ethereum Bridge can really attract new projects In its influence? Do you even think that in the market ethereum network has any real competition right now?
Avalanche is a very good tech with a lot of promises, but the issue with all these projects is lack of community, they think one they sold their tokens to VC's they would help them build up their market share forgetting the organic growth that project need to succeed. No matter how good your project is, if people are not interested in it, then good luck. I just hope they correct this mistakes and engage their community more |
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Hey guys, I am wondering what you think of altcoin pump and dump groups ? They are basically a large group of people on discord like this one : https://discord.gg/ugkkmfEQKUAnd they basically decide on an altcoin to pump and they all buy at the same time and then sell for double and make profits... I watched a whole pump and people were making a lot of money lol what's the catch ? thx First it is illegal to participate in pump and dump so do not join them, the second thing is that these people would end up dumping on their members and run, what they need is one or two successful pumps and once they have been able to attracts huge members to their group, the front buy the token/coin they want to pump next and then dump on them. End of the story |
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Guy if you are looking to store large amount of money and you can't afford to buy hard wallet then you need to check yourself very well, because something is open source does not mean it can't be hacked. Please do not use mobile wallet to store your funds because they are highly vulnerable
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We still have a month to go this year and this correction is widely needed, we will see ATH before 2020 ends, I have no doubt about this then we see one or two correction and after this that could be the last time you see BTC price below $20k, once $20k is the new floor $35k here I come
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The issue with some of these inexperience traders is that they think they have master trading after 1 or 2 profitable trades. Like you said trading is a process and it takes time to perfect this process, another thing that people even experience traders even fail to look into is the emotional and the psychological side of trading , if you are not a discipline person it would be hard to be a very successful trader
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It depends on the productivity of the country, the story of Zimbabwe and Venezuela that people like to point as an example of hyperinflation is because of low productivity. Both countries rely on natural resources and when there is a hit or low demand for these resources they country suffer, Venezuela is a good example, use to be a rich country until, oil price start to fall and coupled with sanctions from US. A productive nation will not have this issue unless the Central bank go insane
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This depend on the country, you can't expect Earthquake to happen in places like London and New York (God forbid) and not have impact on the economy. If the earthquake is around remote area or non commercial around the impact would be less significant all you need is just clean up
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Please do not take loans and invest into Crypto, this bull rn cans stop or pop anytime, we saw what happens in 2018. If you don't have any skill get a job, I believe there are jobs you can still get and will train you on how to go about things, the risk of investing into Crypto is high enough not to talk or taken loans to invest into it. You can see things you have and invest into Bitcoin that is your property but taking loan should be discouraged
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This printing of money from thin air seems to be the new normal, we can debate the good, the bad and the ugly side of it but people actually need this money, looking at the unemployment rate and the number of small businesses that have closed because of this Covid lock down, Government need to do something about it.
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If one look at all these new companies entering the space now and their customer base, one would realize that their buying power is so strong that they can buy up all the new mined BTC and won't be enough to satisfy their demand. This is why people need to be cautious now and not to gamble with their BTC because once is sold you may not be able to buy it at that price again
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Good for all these XRP Army, they now have something to rejoice about but let me remind some newbies into the space how this is going to play out because this is another typical buy the rumour sell the news. Once the snapshot of the Airdrops has been taking the price will dip back. I hope I am wrong
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A lot of people say praising the temporary hype and it can't last long. I don't know what to do. I am already reading several posts in blogs and mediums But I couldn't find anything about Defi's future.
If you want to know the future of DEFI then look at the new projects been launched, this will tell you where the future is going to be, most of the big DEFI projects started in the 2017/2018 bull and they bull through this period as we enter a DEFI driven bull market. If you think people will tell you what the future is then good luck |
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The current crypto market is exciting as everyone is happy that new funds are being pumped into the space, investors are making profits and people are aiming for new ATH for bigger profits. I remind us all not to forget to take profits, cut your greed and find new opportunities. Never be emotional about any project, buy when it's right, sell when it's right.
I don't know your history in this space but one thing I think work in this space is to be greedy when people are greedy. If you are looking for quick return good, take your money and move, if you are looking for life changing profit, play this bull run, this could be the last time we are going to see most of these top projects this cheap. Be greedy and people are greedy, and be fearful when people are fearful |
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I think it is better to enjoy this ride, this is the first major move by Bitcoin this year, that got people talking, the most important think for people to realize is that they need to pay themselves, if you are looking to catch the top then good luck to you.
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The issue we are having with the current Monetary system is due to lack of good leadership and short cut on the part of most leaders, some do not care, provided the print their way out of nay economic problem that may arise in their dispensation. Debt and inflation are good provided they are well control but now Central bankers have thrown away discipline and good reason due to pressure from politicians, Turkey comes to mind here, the president is just running the system base on his own gut
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The issue with Corona Virus is subjective, there re some countries that are not doing any testing at all, go to Africa and test the population you will discovered that more than 70% have Malaria parasite in their blood but many are not showing any sign of these Malaria fever. I doubt this would change anything economically but there could be a shift in the political climate
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There is no doubt for now that Polkadot is a better technology than Ethereum, but one of the thing killing some of these big projects is lack of community, Ethereum has strong community because it has made many people rich and are going to protect their investment, Polkadot is a VC's project and lack strong retail FOMO. If project comes with a valuation of$20 million and return to $1 billion Mcap believe it would have strong follower, Chainlink and Binance are two great examples
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I think your conclusion about this is flawed, it depends on the channel or group you joined, there are group that censor posts very well because of spams and people don't want you to use your own negativity to affect the decisions of others, I could remember listening to someone post on Qtum then and I refuse to invest in the project and the project did more than 20x, a huge miss for me. Have open mind and do your own research
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