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701  Other / Beginners & Help / Re: [Merit] Share your best posts/threads with Fillippone to be merit assessed on: September 27, 2022, 04:53:13 AM
Round: 1

Re: 'Doomsday glacier,' is holding on 'by its fingernails,' scientists say
Category: Opinion
Section: Economics

Re: Terra cofounder Do Kwon is the one who is pumping Bitcoin
Category: Opinion
Section: Speculation

Re: Banks are changing ..... Bitcoin should wake up and innovate more!
Category: Opinion
Section: Economics

Re: Buckle up, America: The Fed plans to sharply boost unemployment
Category: Opinion
Section:  Economics

Re: Is bitcoin bear market over?
Category: Opinion
Section: Speculation



Thank you fillippone (OP) for this good initiation.
702  Economy / Speculation / Re: Terra cofounder Do Kwon is the one who is pumping Bitcoin on: September 27, 2022, 04:12:07 AM

According to 3 Arrows Capital's cofounder Kyle Davis, Terra is using $125 million a day to buy bitcoin. I am not certain if this is the real buy strategy or if this is only his assumption.


Yes, it looks like Do Kwon also has a hand in this, but It may not be the ultimate investment, but in my view, investing in bitcoin is a great way to diversify your portfolio. While this digital coin is notoriously volatile, BTC has several unique characteristics that make it potentially profitable for savvy investors and is considered a new asset class, along with stocks, bonds, commodities, and all other investment classes. This means bitcoin can be used to diversify investments in traditional portfolios.
703  Economy / Speculation / Re: What can we expect from this statement of Michal Slayer.. on: September 27, 2022, 04:01:41 AM
https://news.yahoo.com/bitcoin-could-return-68-000-135232771.html

Recently i came across this post Michael Saylor says Bitcoin could return to $68,000 within 4 years and hit $500,000 in the next decade..

The time line of 4 years seems very long... What's your opinion regarding this statement



I don't believe that Bitcoin will be worth $68,000 but $500,000 in a decade is totally possible. I see it more as a store of value similar to Gold and Silver. As we approach the law of diminishing returns in terms of Bitcoin mining, we may need to add some other goodies to the blockchain. Although it's hard to see how this will turn out when Bitcoin is famous for its immutability. With that said, I am still bullish on Bitcoin over the long term as it has shown incredible resilience in the face of adversity and I am confident that the community will find the best way to overcome some of these barriers and bring in more people. Let's prepare for this crypto revolution.
704  Economy / Speculation / Re: Will Bitcoin do $19k again before a bull market? on: September 27, 2022, 03:56:38 AM
Now the BTC price is $20,125.73 It is not impossible that Bitcoin could drop below $18,000 or $19,000 again at some point this week. But it looks like Bitcoin is following a classic technical pattern, labeled the “Ascending Triangle,” which could signal a larger uptrend in the longer term. Even if that doesn't happen, a rebound from this level seems likely especially if you look at other major assets. With that in mind, don't panic if the recent crash caused Bitcoin to drop below $18,000 support.
705  Economy / Speculation / Re: Is bitcoin bear market over? on: September 27, 2022, 03:44:51 AM
The market is very volatile and nothing is certain. It looks like traders are coming back now, after a streak of corrections in the last few months and it seems that most of them are realizing indirectly that bitcoin is a major store of value. perhaps the market recovers quickly and this is the beginning of a stepping stone, maybe the price will only go up from here. There will be some short-term setbacks, but just to make sure we don't become parabolic. So enjoy the ride and relax, there is no way you will lose money in a total bull market on bitcoin if you invest at the right time.
706  Economy / Economics / Re: Social media, now looking more for business than for socializing. on: September 26, 2022, 06:52:01 PM
Yes, In the past, social media platforms were mainly used by the general public or run as a hobby. Now, it has become a place for businesses to advertise their products and services, and in some cases, even market their business. What's more, they do it everywhere on Facebook, Twitter, Linkedin, and others so as many people as possible can see their offerings. Whatever the end goal, I think social media is at least valuable as a research tool and it works well for businesses, but not necessarily for users. The bottom line is that companies and businesses are using this platform for their own benefit.
707  Economy / Economics / Re: DeFi credit scores: Coming soon to a blockchain near you on: September 26, 2022, 06:41:16 PM
I think the rationale that needs to be underlined is statistical, not ideological, and this is a practical matter. let's say the world population has about 6 billion people. To make an accurate score for all 6 billion, it would take at least about 9 trillion Information about each of their lives. That's far more information than we have in all the world's databases today.

It is true, the huge potential of the credit score market has attracted the attention of many start-ups, especially blockchain-based ones which are highly anticipated to ease some of the other problems of the financial system such as remittances, cross-border payments, and the use of fiat currencies in global markets and alternative financial services and for people who do not have a bank account.
708  Economy / Economics / Re: Buckle up, America: The Fed plans to sharply boost unemployment on: September 26, 2022, 06:14:44 PM
Very interesting. I think the bigger point is that the Fed can't just sit idly by and do nothing at a time when the economy is going through a heartbreaking transformation, let alone right now. Even if it wanted to, which I don't think so, the Fed doesn't have a magic wand with which to get things started. So while it can't solve our economic problems, it also can't sit idly by and do nothing. It just had to keep moving forward in the same direction—just like the traffic cops had to keep driving cars even if they couldn't get the city to fix the roads and clear the traffic.

A much more effective solution is a progressive tax on investment profits. Just imagine how much money could be raised by limiting the tax breaks enjoyed by those with higher incomes. Instead of protecting the bank, maybe this extra money could be used for infrastructure improvements and other things.
709  Economy / Speculation / Re: Bitcoin Resisting the below twenty thousand level on: September 18, 2022, 07:23:40 AM
After the incredible rally to the 20,000 dollar level, it is highly recommended how one can predict a market with such uncertainty and volatility. yes, instead of taking precautions to protect ourselves from loss as much as possible. This may sound common, BTC is a safe haven currency that has been favored by many investors around the world, due to its high potential in investments and commodities. Even though it has faced some challenges in its penetration into society but as many financial experts have predicted about its promising future, bitcoin is an asset that you need to invest in now before it gets more value and makes you rich before 2023 from now.
710  Economy / Economics / Re: Irish Government Pays Artists & Musicians $330 ‘Basic Income’ Allowance on: September 18, 2022, 06:41:39 AM
BTW.

Is there anyone here who has experience using crypto based UBI platforms like:

https://www.gooddollar.org/

Crypto based UBI seems like a new concept and trend. People are always comparing new crypto initiatives with early adoption bitcoin. Perhaps we finally have a winner here?


That's an interesting question, but I can't say I'm saying I've used it. I think this should be discussed as one of UBI's crypto programs for the development of the crypto economy and how it applies to the world of social welfare and whether there will be use cases that UBI can take advantage of in the future.
711  Economy / Economics / Re: Effect Of Delayed Gratification On Investment Outcome. on: September 18, 2022, 06:29:12 AM

Does it therefore mean that the outcome of an investment can be determined in advance when we delay enjoyment/gratification?


The question is, does delaying gratification always result in better investment returns? The answer is no. Sometimes, we might be better off indulging in instant gratification. Sometimes, we might be better off putting things off for a bit. But when we can enjoy delayed gratification, it often results in long-term gains for us. However, I guess the real lesson here is to know when you're ready to pamper yourself, as well as how to manage that gratification once it arrives!

The best thing about investing is that, in the long run, it usually works. In other words, you can put your money aside and not worry about it for a while, and when you are ready to reap the rewards of your investment, they will be there waiting for you. Well, whether the reward is in the form of interest payments or a return on capital depends on how you choose to invest.
712  Other / Off-topic / Re: IT boosts up the economy on: September 18, 2022, 06:22:44 AM
Today, people can work from anywhere without geographical restrictions, which means that developing countries can get better services from people all over the world. Not only that but also the less developed parts of the world can adopt new ways of doing business and achieve much better results. This is not only possible for us humans but also for companies that can find cheaper IT job opportunities.

I think the role of the government also exists, the government needs to understand this phenomenon. There must be changes in the education system to ensure that the right skills are being developed in a given country's workforce. Countries can do this by hiring IT experts to develop programs that will be used in their country's education system. They should also start having programs where freelancers can be paid on freelance ecommerce websites, so that they can earn while they are still working on it.
713  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: September 18, 2022, 05:30:50 AM

The fact is the fact - war has one advantage, it always accelerates things up. In this war, we don't need to focus on military equipment but on our weak sides, everyone sees how bad military equipment Russia has compared to the western countries. Don't you think that after all the innovations that come from the USA and Europe, can't we significantly lessen the demand on gas and oil if the situation really requires that from us as soon as possible?


Is Russia committing suicide? I don't think so. Realizing that this will result in some kind of serious conflict, Putin cannot quote, "do nothing", which means he has no choice but to act. If you are familiar with this topic, you will see, for example, that Germany is even more dependent on gas and oil than Russia. Thus, the consequences for Germany are much worse than for Russia and it is clear to them that this is not about gas but about something else.
714  Economy / Economics / Re: India as a developed country by 2047 on: September 17, 2022, 09:30:19 AM

CONCLUSION
Although almost all country are face with inflation recently, some adjustments in the economic sector can help to ease the citizen as well improve the country's development.


My opinion First with assumptions about the population. India's population is increasing. The population is twice that of China. Therefore, its need for earth's resources will increase in the coming years. So obviously India is not as developed as it is now keeping these factors in mind. It may take almost 80-100 years to reach developed countries seeing its current development.

Yes. India needs more foreign businesses to set up in India to save the country's economy and more foreign investment to raise money for their infrastructure.
715  Economy / Economics / Re: U.S. railways to halt grain shipments ahead of potential shutdown on: September 17, 2022, 09:23:10 AM
I think that's what we can learn from this. The US railways have been preparing for the end since November and are seeking alternate methods of transportation to ensure delivery. They aren't sitting by idly assuming everything will be alright. With potential record-breaking grain prices on the horizon, farmers need rail service more than ever and the railroads know it. The smart ones are acting now to prevent problems later.
716  Economy / Economics / Re: What define your success, "money, fame or achievement"? on: September 17, 2022, 09:14:22 AM

Satisfaction and happiness is the true definition of success and anyone without this can not be declare as being successful.


There are many aspects that determine a person's success. Some people find their happiness in the material aspects of life such as money, fame, and achievements.

My view is that there are far more important things in life than just money and accomplishments. In my opinion, being happy in what you do and finding pleasure in the simplest things can bring a far greater sense of satisfaction than fame or a fat bank account can offer.

The main secret is to never give up and keep running, which means your new personal goal. just added.
717  Economy / Economics / Re: "Be your own Bank with Bitcoin" - A reminder why this is so important! on: September 17, 2022, 09:05:15 AM
My view There are many possible reasons - security, anonymity, and awareness of what a digital currency is. The fact that Bitcoin doesn't require a central server may be far in the future when you want to create or store coins beyond the reach of banks and governments.

I don't believe that bitcoin will ever replace banks, but I think it can help people become more independent in their financial decisions and choices. The idea of starting a bitcoin-only bank is a great idea, one that I believe will be able to attract users from all over the world, and it will be as big as the current largest bank in the world. The idea of having your own bank and bitcoin wallet on your phone and computer is a great idea!
718  Economy / Economics / Re: $3 billion dollar company Patagonia donated by founder to fight climate change on: September 17, 2022, 09:00:27 AM
What sells better than solutions to climate change?  

I don't know if this is the future of giving or just a one-off situation. It's encouraging to see more word spreading about the issue of climate change, and it makes good business sense too. Corporate culture is shifting ever so slightly towards sustainability, and people, in general, are becoming more attentive to their carbon footprint, If we can get companies that are major polluters to pay into a fund that stops greenhouse gas emissions, then I'd say it's quite a brilliant idea.
719  Other / Politics & Society / Re: Vladimir Putin and Xi Jinping: an increasingly unequal relationship on: September 16, 2022, 09:52:16 AM
In my opinion, the two countries have a common interest in maintaining the balance of power in Asia, which means balancing Russia against China. For Russia, this is an area where they can benefit from Chinese involvement and capital without being dragged into an anti-Western bloc. For China, this is a way to counter Western influence in the region without trapping itself into an unnecessary alliance with Russia. It's also very good for Russia's short-term interests.

In terms of foreign policy, these two leaders have shown themselves to be more open to new ideas than the West in general, and that must mean something. Therefore, the United States can take lessons from Russia and China regarding its relationship with North Korea; although both countries feel uncomfortable about Kim Jong Un, the Russian Federation and the People's Republic of China still recognize that he is acting on behalf of his country, and are taking steps towards more constructive engagement with him because of this.
720  Economy / Economics / Re: How to save as food inflation jumps more than 11% in a year on: September 16, 2022, 09:45:55 AM
As with most things in life, the solution does not lie in reckless haste or drastic action but must focus on long term for long-term solutions. This is not only the responsibility of the government, ourselves, and our families as well.

Overall, if we want to tackle inflation, we have two choices: work harder, or work smarter. It may sound trite or ungodly to say this - but if we are willing to put in the time and effort, we can do a lot for ourselves and our families. In the same way, by working smarter, you get what you need from the best of every world - people and facilities.

Only time will tell whether our predictions will come true, but there are things we can do now that might help.
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