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681  Bitcoin / Bitcoin Discussion / Re: Elon Musk is one of the keys to be 100k$ per Bitcoin? on: October 12, 2022, 07:43:54 AM
Most of the comments here somehow suggest that people don't take Bitcoin seriously and consider it a Ponzi scheme, which is understandable at this stage when the price is still very volatile.

Probably not. High return on investment from trading or early bitcoin adopters will not make a dramatic effect on bitcoin price as they are already somewhat well known in the crypto community and have used their returns to invest in other startups/projects.

I think Mr. Musk is here, because many countries are still dependent on foreign oil and are at risk of running out of oil in the future.
682  Economy / Economics / Re: Take shelter, a storm is coming in October. on: October 09, 2022, 04:22:45 AM
Despite the points above, I think the impact of the Fundamental Change will be on the air, water, and land, and there will be a lot of negativity pushing things forward. What was once "normal" turned into something to worry about, slowly but surely.

This is the real fear of the government, top politicians, and most importantly the invisible elite.

Yes, It's hard to know what will happen in the coming months. Some possibilities may never happen, but at least we can say with certainty that there is some uncertainty on the horizon.
683  Economy / Economics / Re: China tells state banks to prepare for a massive dollar dump on: October 05, 2022, 05:16:50 AM

Would anyone here recommend selling the US dollar to buy the chinese yuan?


Personally, I only hold a few USD and my National Currency at the same time, along with a few bitcoins as well.

It doesn't seem like a good idea to sell US dollars. If you have access to dollars and yuan, it depends on what you want from them.

Apart from Bitcoin, the Yen is the only global currency that is not shrinking at the moment. If you prefer Chinese products and want to buy a lot (not just invest in them), then buying yuan will be a better choice.
684  Economy / Economics / Re: Elon Musk makes offer to buy Twitter on: October 05, 2022, 05:00:13 AM
It's fitting that we all here have a better perspective on how Musk's company plays a key role in the big narrative, whether it's about Elon Musk and what his plans are for the next decade or so.

In addition to technological and financial insights, I hope that Musk's efforts at tackling social issues are something the Bitcoin community can take away. It is possible that going forward Bitcoin's success will depend on its ability to cope with the growing need for decentralization.

In the end, he was a man with many flaws and a lot to learn. Don't expect him to save humanity from climate change or interstellar space travel. Musk has plans for the world and his company is not one to be ignored.
685  Economy / Economics / Re: Wall Street Reports On Bitcoin on: October 05, 2022, 04:38:47 AM

In this thread I will collect various Research papers published by Wall Street Banks  on Bitcoin.


I really appreciate what you have done in conveying the key points of the Research paper published by Wall Street Banks on Bitcoin. However, the main question is whether the general public knows about it or not and whether they will consider using it in the future as a result.
686  Economy / Economics / Re: Electricity bills worth 500,000 euros: a hotel chain closes down in Italy. on: October 05, 2022, 04:08:03 AM
Yes, Electricity is one of the main costs for the hotel industry. All utility bills add up over time, and owners often find themselves unable to afford it. Therefore, they have to sell their hotel at a low price or leave it as it is.

This is the reason why hotels of this type are disappearing from Italy, but not only here. Due to the crisis, many hotels are closed and empty.

Solving this problem seems almost impossible because all the factors that affect costs cannot be controlled by one party. Relying on renewable energy sources might help the hotel industry to some degree, but it will require serious investment.
687  Economy / Economics / Re: Inflation in Germany hits double digits for the first time since WWII on: October 05, 2022, 03:57:21 AM
It is no secret that the German people had a difficult time recovering economically after World War II. If inflation reaches 0.25% per month, that is a 12.5% ​​annual rate. And once the EU factors in its own version of QE, it can be bad news for those on regular incomes.

If I am not mistaken, The US is preparing a tight budget which could further affect their economy as well. On the other hand, what they are doing is alleviating the financial crisis they are facing.

Which decision will cause more economic turmoil in Europe, and the world?
688  Bitcoin / Bitcoin Discussion / Re: A New Study - Bitcoin is 56x more energy Efficient than Traditional Banks on: October 04, 2022, 08:16:02 AM
Overall, this is great news for bitcoin's long-term sustainability. If cryptocurrencies and digital currencies are going to be successful over the next few decades, then it will require a major reduction in the amount of power currently required to mine and validate every transaction. About how far Bitcoin can be improved from a sustainability perspective and reduce waste and environmental impact, This is one of the implied messages that should be considered future.
689  Bitcoin / Bitcoin Discussion / Re: Now is the perfect time to invest in Bitcoin on: October 04, 2022, 05:17:31 AM
Everyone has an opinion about bitcoin, but very few people research whether it is a good investment or not. Bitcoin is still a new technology that is still trying to find its place in the world and is subject to market volatility.

Many experts believe that Bitcoin is ready to become the next big thing in finance for example as you mentioned the potential Bitcoin Price in 2023 has a Chance of reaching $100,000. Plus, with the success of Ethereum, you can see how investors might be interested in Bitcoin as well.

The more investment money that goes into cryptocurrencies, the more people will start using it for everyday purchases—and that's definitely something to look forward to. Of course, in terms of price, this is the right moment to enter and anyone here will be very interesting in looking forward to BTC to $100,000.
690  Bitcoin / Bitcoin Discussion / Re: it can affect the price of bitcoin? on: October 04, 2022, 05:04:13 AM
A lot of people in the market are always looking forward to Friday, but my view is it's not the number of bitcoins that affects the bitcoin price. It's about demand. If the majority of people believe that the price will go up, they buy bitcoin which then causes the increase. If they believe it will decrease, they sell which causes the decline.

They do however issue new bitcoins at a predictable rate, so you can rest assured that you will never run out and never earn again.

Generally, the price of bitcoin is completely dependent on the market, which is made up of individual traders. These market participants decide whether they want to buy or sell bitcoin based on what they think will happen in the future. There are many factors that determine how much someone is willing to pay for a bitcoin, and even what they actually want to use it for.
691  Bitcoin / Bitcoin Discussion / Re: Mexico is the next El Salvador? on: October 04, 2022, 04:54:17 AM
Yes, it is possible. Bitcoin is virtual but has a monetary value which means users can freely send money to each other without dealing with exorbitant fees and without the need for a bank account. As technology advances, so does its capacity to meet our needs. This can be seen through the rise of bitcoin.

Bitcoin is slowly but surely penetrating the global economy, and in our modern world, it is a currency that generates less friction than fiat currencies. This is definitely worth a look for those who are interested in such things including Mexico and in my opinion using bitcoin is safer and just as easy in other words a new way for people to send money quickly and securely to each other around the world.
692  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin be Palestine's currency of freedom?? on: October 04, 2022, 04:45:51 AM
I think Bitcoin will be able to do what banks can't. Bitcoin can not only garner more financial support but also give people a sense of legitimacy, as well as a way to regain their lost honor in the world.

In fact, knowingly or unknowingly many people have witnessed firsthand the power of Bitcoin to innovate in life and wished the whole world had a chance to benefit from it. "BTC For Everyone".
693  Economy / Economics / Re: Inflation is a creeping beast on: September 29, 2022, 03:39:21 PM

The world at this point needs a decentralised currency that can be monitored through a public ledger  that way excessive money printing will be curtailed and going by how challenging keeping up with the rapid inflation has become there is every tendency of having worst GDPs in coming years because if manufacturers and Producers fails to meet up the hight cost of production then they will in due cause turn to low standard products just to keep the demands and stay in production


With inflation and global recession as the main issues lately, I really feel, Bitcoin will get its role where adopting bitcoin will be a good step in putting the currency on the right track as this currency is already gaining traction in the global market, BTC it can also be used as a cashless transaction with no limit on how much it can handle unlike other forms of banknotes. I think it's only a matter of time before it will definitely be used as a major currency.
694  Economy / Economics / Re: Can commodities return to its price last year? on: September 29, 2022, 03:23:34 PM
Rising global demand for food, crop damage by extreme weather events, and climate change mean that food prices are likely to rise for at least the next few years. In most cases, any news that affects the price of a commodity, for better or for worse, can have a major impact on the price of the commodity. The impact of monetary policy on these price trends varies. On the one hand, rising interest rates fueling inflation may also hurt commodity prices. In my opinion, it takes time for the commodity to return to its price if you look at the current situation.

The best way to protect yourself from these price swings is to create an emergency fund that you can rely on when the going gets tough. An emergency fund won't prevent you from buying food the day before payday, but it should be able to help you for some time.
695  Alternate cryptocurrencies / Altcoin Discussion / Re: Would you stake stablecoins now? on: September 29, 2022, 02:59:38 PM

Any suggestions or what to look for?


USDC-BUSD seems like a decent stablecoin for now. Its market cap looks very respectable at the moment and has a pretty high yield. What I think you're trying to do is take advantage of the lower-than-usual market volatility in USDT right now, and lock it in with USDC, knowing that you can later withdraw it at a higher price, thanks to the inverse relationship between the two coins. So while I would say this is a bit risky, I don't like to bet however that most of these trades will work out well. This can be great for making money fast in the cryptocurrency market.
696  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you think metaverse have a place in the world on: September 29, 2022, 02:41:32 PM
It is important to know that Metaverse works differently than many other cryptocurrencies. It is not intended to be used as a payment method, but can also be used in places that other virtual money systems cannot reach.

Success or not at least Metaverse has a lot to offer and is already popular with both crypto investors or Individuals to explore and find their place. I think, It's all about imagination that can create new jobs, new types of communities, to meet and socialize with people who also have creative minds.
697  Economy / Economics / Re: BITCOIN IS NOT A STORE OF VALUE on: September 28, 2022, 09:41:48 AM
I think BTC is not just a hedge against the stock market. For current conditions, Yes, When the economy is down, people will flock to buy gold to protect their wealth buying gold and silver to protect themselves from inflation so Demand will soar and it can become very difficult to find an ounce of gold to buy.

The world would not work without the elements that make it up. Bitcoin is a new idea as important as gold and silver. even with all the hype around it. In my opinion, Bitcoin will be the main cryptocurrency on earth in the future. It requires no trust and is easy to use.
698  Bitcoin / Bitcoin Discussion / Re: Bitcoins future is Bright on: September 28, 2022, 09:25:10 AM
Credible or not Bitcoin is getting popular and popular. It evolves from what was originally designed for the first time by Satoshi Nakamoto invented Bitcoin. Slowly but surely more and more big companies are backing Bitcoin, creating an economic niche for it. Much of Bitcoin's success so far has been due to its proponents. My view is Bitcoin has created a snowball effect in the market that rewards those who choose to use this new technology.
699  Bitcoin / Bitcoin Discussion / Re: BTC dumps on high inflation report.. on: September 28, 2022, 09:16:07 AM
It seems like only a matter of time until BTC gets wider circulation and more recognition. Bitcoin is still new, especially when it comes to government approvals, and there is certainly room for growth. But if Bitcoin continues down this path of extreme fluctuation due to centralization, then Bitcoin will simply become another centralized currency like USD, and Bitcoin's value may become dependent on what certain central parties say about the value of Bitcoin. This rising interest rate also has its own influence on BTC for now.
700  Bitcoin / Bitcoin Discussion / Re: Nuclear and gas fastest growing energy sources for Bitcoin mining: Data on: September 28, 2022, 08:36:57 AM
In the long term, all of the strategies mentioned above will enable mining companies to meet growing energy demands, and ideally, even reduce their carbon footprints over time.

I think the most interesting thing is that because renewable energy has been in development for so long, this trend is not surprising. The only problem here as far as I can tell is deciding how much energy the Bitcoin network actually uses. Despite these minor issues, I think it is positive to see that clean energy sources are growing faster than fossil fuels.
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