It's true that many of the beginners know bitcoin during the pandemic. It is not without reason that they are looking for a side job from home by trading in the market. Even everyone can get to know bitcoin without age restrictions. I think even after the pandemic bitcoin is still victorious and growing even more. Many other coins also appeared.
I have known Bitcoin a few years ago but I do admit that the development of Bitcoin in my circle of friends has been very rapid since the pandemic came. I remember very well that initially my friends were not interested in crypto and now 5 out of 10 of my friends already have their own portfolios. I believe this will continue until the government will be forced to accept its presence even if it is only considered a commodity. |
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In world, there is hierarchy, that is why some people are rich, some are average, some are not that rich but still having good living some are poor, while the poor still look at some and still appreciate life because they are poorer. I am beginning to thinking laziness can be the result of some people not having good living, while some is purely due to ignorant an lack of knowledge and exposure, some even only lack information.
I am thinking with how people is, is there a way possible for everyone to live without being poor, though their can be hierarchy but in a way no one is poor? But I am thinking it is not possible. If anything happens today that the poor are richer and got richer than the rich people, the rich people will become poor too because life is not just balance.
Economically, can there be a way people can live and no one will be poor?
Well of course laziness is the result of many people not having "good living".. but with that said, there are countless people whom are poor and have zero chance of ever changing that no matter how hard they work or what they do. Imagine growing up in a country like Syria, there are countless people there who have absolutely no control over how their lives turn out. Very sad. However the condition of our country and residence when I believe in one sentence that no one can change the fate of a people if the people themselves who don't want to change it. Syria, a country known for its controversy because it is always at war, is one of the countries that has a lot of poor people. if they care about their life and future I'm sure no society wants their country to continue to be a place of war and even become a terrorist base. |
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Bitcoin's price fluctuation is not entirely affected by technical indicators, it will also be affected by some social news.
When Musk declared to accept Bitcoin as payment, the price continued to rise and remained at that level for a long time. When negative news appeared, it was vulnerable to negative news and the price fell. Although the impact of these news on Bitcoin's price is temporary, these major events and the operations of some large companies will definitely have a huge impact on Bitcoin.
Public figures certainly have an influence but not significant, I'm sure when the price of bitcoin fell not because Elon Musk gave a negative opinion about bitcoin, but because many countries rejected bitcoin the big one of course was when the UK refused Binance to operate in the UK. For me, the impact of Whales is still there and significant, however volatile crypto prices are actually when compared to stocks in terms of price movements, there are 2 influencing factors, namely technical and fundamental. The negative issues given by the Whales will indirectly disturb the psychology of other investors, resulting in FOMO. If there are regulations that also burden the market at that time, it is a fundamental issue that will have a fatal impact on crypto. But the problem with Binance seems to be not only in the UK but in my own country it is banned and this is not a fundamental issue I think. |
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There is a risk in certain ways almost everywhere. With fiat it is the inflationary risk and the hyper surveillance possibilities once it is fully digitized. With cryptocurrencies you have a whole lot of other risks that maybe regulatory or legal, but also volatility risk. There is of course also technological risk involved, which is not quite the case for fiat currencies.
risk will always exist wherever it is because risk is a form of uncertainty that has the potential to be bad for a person's life. When people feel anxious about their health and are afraid that they will not be able to pay the expensive costs, people choose to buy health insurance to ensure a sense of security from economic difficulties when they are sick. This insurance is one form of us buying a guarantee of uncertainty but is selling well in the market. In investing, don't we know each other's portfolio theory as a risk solver? If we recognize what risks we will accept, then we will easily find ways to reduce the risks we will accept. |
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Of all the risks written by the op, the one I'm most worried about is speculative risk, which in my opinion, often happens like a bubble because of issues created by whales. At this time, the market is still very new to dealing with sensitive issues so that prices often go up and down until the difference is very large. Sometimes the government and the market are not much different. If you follow the market, then who has the most money will have a big influence in the market so it will be easy to create issues that will increase profits.
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I think the effects of the pandemic have had a major impact on the various business worlds, not only the crypto world, which had such an impact on the pandemic, such as several other businesses and even many large companies that also went bankrupt from the impact of the corona virus. ends and life will return to normal and run properly as it used to be
It has been proven that the pandemic has had a big impact because many companies have officially declared bankruptcy due to the pandemic, but this has brought a positive side to crypto because the crypto marketcap has increased dramatically since the pandemic, I'm sure investors are increasingly optimistic about the future of the pandemic. Didn't everything increase in price world wide? I hardly know of any market that didn't increase except for gastronomy and those who are dependent on a frequent audience. Apart from that precious metals and many other assets have performed very well, including Bitcoin. It is not like Bitcoin was the only asset that got a boost during the pandemic. Not at all by the way, but rather a lot of money was invested all over the place. If it is said that all prices have gone up, it seems that you have to look back at how the stock prices collapsed in 2020, if they are now improving, they will not fully recover. There are many companies that have laid off their employees and the economy is becoming more difficult. If crypto doesn't have an impact then maybe because it's not centralized if it is centralized I'm sure the government has made certain policies for this new type of currency. |
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When the CBDC that is regulated by the government is no different from fiat, which continues to be haunted by monetary policies that burden the people, Crypto, especially BTC, will be considered more valuable in the eyes of the public. Isn't everyone now fed up with the centralized market while we already know crypto apart from it all. Now what matters is whether you trust the government or the market more? If you believe the market can bring a better economy, then crypto will be sexier than CBDC
I know that it is not really "that" different from fiat but it is a bit different, in the sense that the tech behind it is a bit different and that matters a lot. This is basically a way to tell the world that governments are making their own crypto now, I know it may not be exactly like a crypto currency but it is a good marketing plot for us that we can use to improve crypto. Plus in the situation, where CDBC actually gets listed on places like Binance and all, that would mean that exchanging will be easier. Why in the world anyone would ever want to hold USDT? It is just a fiat pegged stablecurrency that is 100% useless if you could actually hold dollars like that, it makes zero sense to own USDT when you can own USD, so if the American government creates their own stablecoin, that means we already have a huge demand for it proven by USDT in these past few years. I think that usdt as a stable coin which is likened to almost the same as CBDC that will be made by America or other countries will not be very in demand in the market because I myself do not have usdt during a bull market and when it starts to bearish then I change some coins to usdt. If CBDC uses that concept, even if it is backed up by the state, I'm not interested in a centralized system anymore. |
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Poor and rich are social problems that all countries have. In the book I read entitled "Zakat", it is said that the solution for the poor and the rich is zakat, in the wealth of the rich there is a right for the poor 2.5% of the total because the essence of man was created to be a leader, when he is well off and has wealth. If there is excess, then look at your family first, when your family is poor, in your property there is the right of your family and it is obligatory for you to give it. When your family is prosperous then look at your surroundings, if your neighbor is poor, your neighbor has rights in your property and it is obligatory for you to give it. When is it said that you are obliged to pay zakat for the poor, when your wealth has met the nisab (rules for calculating it), that is, your wealth is equivalent to 85 grams of gold. With this zakat, wealth will be distributed to the needy according to the proportion so that human life becomes prosperous.
Hmm ... I can only agree that any opinion has a right to exist. But I definitely do not like the essence of it. Please tell me why a person who constantly works, and receives a good reward for it, should share something with someone, especially, probably with someone who, in order to improve his well-being, "does not put a finger on his finger" !? Why should a working person who wants to organize his life have to pay for a comfortable life at his own expense? I understand very well what charity is. But there is no need to pervert the idea of humanity, good deeds, and to form a layer of lazy, stupid, doing nothing people living at someone else's expense. And will we also form a stratum of "slaves" who must work, develop, earn for their family and for a couple of families of such social ballast? Humanity should be logical! There are 8 categories of people who are entitled to receive zakat from the rich, from those 8 categories, I don't think I will let the lazy wave continue against them. Poor which is said in zakat is also different from the state version of poor. Poor in the book of zakat is said when the income is not enough to meet the basic needs of one day, so when you have excess wealth isn't it normal to donate in the form of zakat? |
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It's not like everyone is given an equal opportunity, people who think like this are privileged and is out of touch on what it's like to be poor, remember that the price of goods and services are increasing and it's not like the salary of poor and middle class workers go up so it seems that they will probably stay that way until a reform happens.
It is very difficult to increase the level of the poor, especially with the pandemic which makes money more difficult and prices of goods continue to increase, I think state policies that can make poor people can change, the main factors are education, job training and business capital that will be able to change. If it is said that the poverty factor is the low level of education in the community, then I will convey some interesting facts in the field when I am together with many poor people as a form of my care and responsibility in social institutions. The government as a regulator and facilitator has provided many educational facilities but many parents do not care for their children to go to school and do not pay attention that school is very important the result is that children are not interested in getting education so that in addition to a low level of education, family factors and parental love for children will greatly affect the growth and development of children and affect the future of their children. |
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the most important thing is to be willing to take risks and of course have a good analysis of investments, especially crypto.
Having good analytical skills is one form of intelligence that you have. Dare to take risks without intelligence Just like suicide. simply like a person who dares to work in the middle of a building surrounded by oil without understanding that oil will burn when hit by fire and does not have three sides to the risk of fire is one of the ridiculous actions as well as when you invest without knowledge it is the same as giving your money to the market wild ones. |
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I agree, it's like suggesting that gambling is the solution to poverty. It can be, some people do get out of poverty through gambling or crypto investing, but look how rare those cases are!
If you consider that Crypto is like a gambling with ur analogy, I dont think so. Gambling is a zero sum game and crypto is money which is different form. You can decide when you have to buy or sell with ur own choice there is no restriction to do anything you want. When you are lose that isn't always a realize lose and most of them still unrealize. So do u still think they are the same level between gambling and crypto? |
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Bitcoin is not mentioned anywhere, but CBDC and blockchain are mentioned, which probably suggests that they will work on their own cryptocurrency, which means that we should not be overly happy about such a development.
When I looked at the site of Amazon, indeed BTC is not mentioned in the job vacancy but they mentioned about cryptocurrency which is include with BTC. In the position I took this from Amazon websiteleverage your domain expertise in Blockchain, Distributed Ledger, Central Bank Digital Currencies and Cryptocurrency to develop the case for the capabilities which should be developed, drive overall vision and product strategy, and gain leadership buy-in and investment for new capabilities But we should highlight that there will be a possibility Amazon will develop their own digital currency such as Libra of Facebook based on their statement. |
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Not very soon. They clearly stated at least they aren't going to accept Bitcoin this year. But it doesn't mean they will not accept in the future. As far as I know, there were many rumors before as well, but it looks like manipulation.
Anyway, crypto means volatile. So at the same time market cap will increase and decrease based on investor's movements.
Rumors circulating about amazon that will start accepting bitcoin were able to provide a significant price increase, although the rumors were directly denied by amazon. it does seem like a deliberate manipulation. Amazon is still focused on exploring what bitcoin is like and how it can impact the Amazon shopping experience. In time amazon may officially announce that it accepts bitcoin, but not now. Many new investors are starting to enter bitcoin so that market capitalization is increasing. If you look at the news circulating, it was actually the beginning of Amazon being said to be accepting Bitcoin because the job vacancies they published apply the qualifications to have an understanding of CBDC, Cryptocurrency, and Blockchain but it is undeniable that this is like a manipulative issue that can move crypto prices today even though the same thing something like this has happened several times not only at Amazon but there are several other large companies that implement this specific strategy. |
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Bitcoin dominates the crypto market, and some altcoins will refer to the price of Bitcoin when trading, and trade strategies based on the rise and fall of Bitcoin.
Affected by the market panic, investors blindly chase the rise and fall, which will cause most altcoins to continue to rise and fall along with the fluctuation of Bitcoin.
This would also be my guess why crpyto currencies have such a high correlation. Most of the investors and traders in the crypto world hold multiple coins, and if they see one of the big coins like Bitcoins or Ethereum dropping in price than they would likely sell all their other coins too. Humans are herd animals, we like to move in groups and will easily follow other people. That is also why panic selling is so sever in stock market, once a large enough number of traders start selling all the other traders will just do the same, even if they are not convinced of falling prices. Simply, the high correlation between Bitcoin and other alternative coins because Bitcoin has market dominance of more than 45% and followed by etherium 19% and the rest are alternative coins so that with the high market capitalization controlled by Bitcoin it will become a role model for other coins besides Bitcoin and other cryptocurrencies have differences that are not large enough so that this similarity encourages investors and traders have the same psychology when facing a decrease or increase in price |
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In my opinion, Bitcoin is the only thing that beyond human control. On the surface, Bitcoin is a decentralized, trust-free, and non-proof value. Bitcoin also has split and transfer functions. But at the most essential level, Bitcoin is the first thing independent of human civilization and beyond human control. Bitcoin is an advanced civilization system independent of the existing human civilization system.
There are so many things that are beyond human control and we all know that. And as for bitcoin, it has to do with us the users, as long as it remains decentralized as it is now, then there is not going to be any problem and no one will control it because it is decentralized. But if we allow it to be controlled, then it would. Right now the community is big enough and there are so many nodes, so it is not going to be that easy to be controlled by anyone. And I love the fact that it can’t be controlled by anyone, because if it was easy to control, then the government would have jumped on it and start controlling it, which wouldn’t be a good idea. I don't think that Bitcoin and cryptocurrencies are completely out of human control because the market is filled with people so The concept of decentralization does not mean that it is not controlled by humans, but that control is released to each individual and everyone. if it's said to be out of human control It seems like it's not quite right because price movements and volatility are still influenced by demand and supply by every investor and trader. |
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The high degree of centralization and traceability of digital currency will strengthen the ability of the state or regulatory agencies to grasp the data and information of the people, both subjectively and objectively. Human greed and government mismanagement have destroyed monetary policy without exception. CBDC is the same as all other types of fiat currencies, because people will get into trouble because of inflation and heavy currency control.
Bitcoin frees people from monetary policy. The central bank cannot put the cryptocurrency sprites back in the bottle, The power of the market in a more open currency selection system will mean that cryptocurrencies are expected to play an important role in forcing these politicized central institutions to better manage their people’s funds. CBDC may also be an opportunity for Bitcoin to help increase scalability and liquidity, it will make Bitcoin more priceless.
Bitcoin frees people from monetary policy,but Bitcoin also puts the people in a volatile free market,where the risk of them losing their funds is pretty big.The market isn't perfect,that's why we need efficient governments. How the hell can CBDCs help Bitcoin increase scalability and liquidity?Can you elaborate more? Do you mean that CBDCs will turn more people towards Bitcoin and make BTC more popular and in demand? Increased demand and popularity have nothing to do with the scalability of Bitcoin. I get your point,but I have to disagree with your theory. Nobody knows whether or not CBDCs will be better than the current financial system.They might be worse than fiat money. When the CBDC that is regulated by the government is no different from fiat, which continues to be haunted by monetary policies that burden the people, Crypto, especially BTC, will be considered more valuable in the eyes of the public. Isn't everyone now fed up with the centralized market while we already know crypto apart from it all. Now what matters is whether you trust the government or the market more? If you believe the market can bring a better economy, then crypto will be sexier than CBDC |
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I don't but I think most banks have insurance from a government agency, the only problem is inflation which we cannot fight if we just put our money in the bank, banks are just to safeguard our money, not its value.
If asked to trust Fiat and Banks completely I highly doubt it because there is no real evidence that there is no guarantee that our money is really safe in it even though in my country there is currently a financial services authority. The Century Bank case is one of the bankruptcy cases that has not been resolved until now. I prefer to save in crypto over fiat even now I'm trying to convert my fiat money in some high liquidity assets instead of increasing my savings in the bank. Banks cannot be trusted at all, the issue that banks are most worried about is rush money. |
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That is a one-sided point of view in my opinion. Yes the cryptocurrency space shows that people desire for something that is different from what they are used to, which is first and foremost something that does not support quantitative easing and also raises capital mobility on the individual level, but we shouldn't forget that we are also all better off if we do indeed have some tools in place to get fraud under control as much as possible without sacrificing freedom at the individual level. I know that is a dilemma and it can never really be fully controlled for, but it is in our best interest to find the sweet spot. Crypto has its own set of problems that needs to be addressed.
The financial crisis does not always bring positive changes, for example in my country. The crisis in 1997 has saddened us to this day, the exchange rate of the Rupiah which was stable against the Dollar is now very low when compared to the Dollar. The hereditary state debt has become the biggest burden to date. However, currently crypto does not provide the alleged crisis potential because crypto does not use a qe policy. Everything is left to the market and if banks adopt crypto then people will realize that there is no need for a central bank anymore. Because the whole economic system is rotten today is the central bank everywhere. They are regulators as well as creators of chaos in the economy. |
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Usually, reverse splits are a sign of distress in a company. It's commonly done by companies whose price has fallen below the minimum threshold to be listed on an exchange, and a reverse split boosts the stock price in order to be able to remain listed on the exchange. Those instances are clear red flags.
It is true that a reverse stock split will form a negative market perception because it is true that this action secures the value of the stock because the price continues to decline so that it can only hold old investors while new investors will not be easily attracted to the company's shares. |
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Remove money from our lives, and then you will know what real evil is!  The mentality of a poor man is based on the fact that what he lacks in life, while the more successful have something evil. For him money is evil, for him beautiful things, jewelry, good equipment or a car are also evil. Because he is NOT ACCESSIBLE. This is a legacy of primitive thinking, among people who are not able to force themselves to change ... Yup, Money is just a tool of transaction which is legal to be a medium of payment and exchange. I dont agree if a tool is blamed as the root of problem. For example, when the motorcycle and car was invented then the amount of accident is large, whather the car or the motorcycle is the root of problems? is it true? I don't think so |
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