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721  Economy / Economics / Re: Is it easier to HODL if you are already rich? on: July 27, 2021, 02:14:16 PM
I dont think when you step ahead then you will be easier get a rich, because when you take one big risk choice that means you bet for ur own achievement for a whole life. Sometimes, It will be easier to achieve than you keep something that you have. There are some cases when new rich people acted so arrogant than invested without knowledge and research, the result was really bad for their wealth
722  Economy / Economics / Re: Higher Inflation Is Here to Stay for Years on: July 26, 2021, 02:07:10 PM
Isn't it funny how people are worried about inflation now?

It's almost like they have selective amnesia. If they hear inflation fears from bitcoiners (and they have, for 10 years), then they automatically deem us the radicals who are just spewing garbage to fulfill agendas. Whilst if they hear from mainstream media, they panic and start raising their inflationary expectations too.

Anyway, the period of deflation/low inflation is transient and now that is gone. This inflationary period is naturally reflective of the Fed and other central banks' wild policies during the pandemic. I don't know why anyone should be surprised.

BTC is still a great hedge against this, nothing has changed on that front.

Such is the condition of the people now, they are much more worried when the media starts to talk about it while bitcoiners have long been voicing that inflation has undermined the economy of the lower classes.  Meanwhile, crypto has given tangible results that it is going against the old paradigm where governments regulate inflation as they wish.
723  Economy / Economics / Re: COVID advanced the world into the future on: July 26, 2021, 01:16:55 PM

In the end, the poor are increasingly disadvantaged, because apart from rising health costs, they also have to face difficulties in earning money.
Because in a situation like now very few companies open job vacancies, even if they want to open a shop to sell goods, the number of buyers
has dropped drastically. Especially for people who are poor and don't understand technology,  it will be more difficult for them to survive in this
pandemic situation. If people who understand technology, can look for opportunities to make money on the internet. I just hope the pandemic
ends soon and we can all return to normal life.


I dont think when you understand about the technology that will help you out this pandemic certainly because when your business go online then your country is lockdown, the society will not have money to buy ur goods although you have online service for costumers. The pandemic indeed teach us a lot about using technology but This pandemic puts a lot of burden on the community which definitely drains our savings to survive and even many have gone out of business.
724  Economy / Economics / Re: COVID advanced the world into the future on: July 25, 2021, 05:39:57 PM
~

Many businessmen take advantage of the suffering of others into profit, especially companies that are in the health sector, during this pandemic
the profits are increasing. Therefore, there are always irresponsible people who take advantage of the pandemic momentum to seek personal gain.
In my country there are many rogue businessmen who hoard various kinds of medical equipment and drugs, then it becomes difficult to obtain,
and if there is the price soars. I hope the government will solve this, otherwise many people were harmed. I agree on the positive side of
the pandemic, making changes regarding payments. Now that everything is done online to prevent the spread of the corona virus, almost all
financial transactions are done digitally. This finally made crypto start to rise in popularity during the pandemic, no wonder more and more people
are deciding to invest in crypto.

Few months ago people are unwilling to vaccinate, but new Delta and other variants spreads more easily. More cases of COVID-19 found, so get vaccinated become necessary. Due to alarming mortality rate COVID-19 vaccine business unquestioningly boost up. Nice thing is people respond nicley to mask and vaccine recommendations but some responsible authorities take advantages during this pandemic. Such ill-business model complicated to distribute medical equipment the worldwide, especially poor countries. The virus have never left just focusing on your nation, but every parts of the world needs the same treatment as like developed countries.

The other thing that we should face that Covid-19 is a business for some people. They use every policy to make their own profit. Such as in develop country which has mix system and the government has some private company to earn profit but in the fact they are the mafia in this pandemic, from screening test until medicine they create some policy to give much profit for them. How this will end.
725  Economy / Economics / Re: Economy after COVID-19 on: July 25, 2021, 04:09:51 PM
World fully victimed and coronavirus pandemic situations still have affected. So world economic conditions becoming worse and out of control. Some countries already taken actions against economic impact.
It's not like the damage would stay forever, you already said it, that the countries are taking actions to help with alleviating the impact of the pandemic. I think that as the world recovers from the pandemic, we will see countries from slowly recovering from the damages.

Many countries have recovered from Covid, and I am happy because my country is also showing signs of recovery, the most important thing to recover is the people's compliance with government rules, I am sure in a year the economy will improve soon.

You have to be grateful because of that, in my country the amount of cases is always increase day by day. Now, the government implement semi lockdown policy until 3 august and this really hurts every sectors, and the Massive unemployment will occur soonly. Industry and non essential are limited by the policy. There is no win win solution for us.
726  Economy / Economics / Re: EU wants to ban crypto anonymous transactions and wallets on: July 25, 2021, 01:24:10 PM
Its too easy to attack crypto for terrorism and money laundry side. Meanwhile, they dont define that crypto just a tool of them, before crypto exist USD is a tool for the bad activity too. There is no different between fiat or crypto as transaction use. When they propose the plan to ban annonymous transaction, I think that means peer to peer transaction will be forbidden and the only transactions accepted come from exchangers. This will change the characteristic of crypto which is desentralize.
727  Economy / Economics / Re: Poor and middle class as a mentality on: July 25, 2021, 12:14:34 PM
This is the recipe for success today. True, this will not work for everyone, but let's remember - only the one who does nothing is not mistaken. After the first failure, you should not go into depression and stop trying to do something, change something in your life!

Yup, even now I try hard to be better than my family. Although I have gotten a good education bacause of my mom, I'm always making mistake because try anything that should be my supporting way in succesful. I never give up because of failure because everything teach us how to be better and this is one of kind delayed success, and never be a failure.
728  Economy / Economics / Re: Poor and middle class as a mentality on: July 24, 2021, 04:37:31 PM

At the moment I work in exactly this way - there are partners in the EU, and I, for the most part, work with them remotely - the financial and tax system in my country allows me to do this. The last 2 years, without traveling anywhere, due to the coronavirus.
I am sure you will succeed, and new opportunities will appear! Good luck in all your endeavors! Smiley

I dunno why, but as long as I learn then I'm active in BTT, my life is better than before. I'm from low middle class in my country but when we talk about mentality, I'm lucky that I have a good education background because of my mom. Poor mentality can be changed because of education, so when the government want to solve this problem, I think free education will be the solution.
729  Bitcoin / Bitcoin Discussion / Re: If it is more convenient for people to buy Bitcoin, will Bitcoin be more popular on: July 24, 2021, 03:36:36 PM

Cryptocurrency ATM company Bitcoin Depot has announced a long-term partnership with Circle K, a convenience store chain in the United States and Canada.
 Bitcoin Depot plans to install ATMs in "thousands" of Circle K convenience stores. Bitcoin Depot stated that its ATM machines enable users to exchange cash for cryptocurrency, allowing simple face-to-face transactions, giving users immediate access to Bitcoin and more than 30 other cryptocurrencies.
Bitcoin Depot has installed more than 700 Bitcoin ATMs in 30 states in the United States and Canada.

If it is more convenient for people to buy Bitcoin, will Bitcoin be more popular?
If you don’t know Bitcoin, and you see this ATM when you go to buy bread, do you buy Bitcoin with change?
If you didn't buy it this time, when you saw these ATMs elsewhere, would you be curious to buy some?

source

According to me, if the ATM crypto in every country that will make every people become easier to know more about crypto. From didnt know about crypto, then become curios and finally try the ATM. The majority who will be the first is millenial because they have bigger curiousity than old people. 
730  Economy / Trading Discussion / Re: trading needs consistent attention and full concentration on: July 24, 2021, 02:39:42 PM
In general, yes, but it all depends on your style and which candlesticks you are trading.
In fact, a trading bot can do your job very well, freeing up a huge amount of time and effort for you. But in general, trading is a 24v7 job, a real job.
If you just rely on the bot to work on your behalf, you are actually making yourself out of trading. Being hands-on in this field makes our minds work together and could create good ideas/strategies. Time and focus are needed and a must thing to do, but it doesn't mean that we have to spend all day in trading as it was just like you are killing yourselves and it was not a healthy practice. I dare not to do this as it was not only the reason why we become successful in trading.  

I need more knowledge about trading, many of people here said that if we choose for trading we dont have to spend all day with monitor the candlestickcls but we can use the bot for helping our job. Can you help me to find sources referency to learn about trading more? Is the bot really help us and we can trade easier than before. Because first time I entered the crypto market, I have spent much times just for waiting the right time to sell and buy everyday.
731  Economy / Economics / Re: Bitcoin is key to the future of Twitter, Jack Dorsey says on: July 24, 2021, 01:23:26 PM
Bitcoin is one of creativity for the future, from barter to fiat and now we all know that the government start to make some policies to decrease cash activities in atm. Behind this, they campaign e money, mbanking to the society and they can be easier to handle and remote our money. Now, when the time for paying salary, in the atm is often there is no money so make some people decide to use mbanking. This is how bad the way of the government to handle our wealth, then Bitcoin become our solution for controlling our own money freely.
732  Economy / Economics / Re: Central bank digital currency will improve the use cases and value of Bitcoin on: July 23, 2021, 04:21:54 PM
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.

I dont think that CBDC and crypto can be together in supporting. Because when we talk about the government, they have their own egoist in regulatory. Crypto is always considered as an obstacle for them, because crypto is the real different currency that desentralized and cant be monitored by the government. This is why I said crypto and CBDC cant support each other.
733  Economy / Economics / Re: Who is Happier: Stock investors or Bitcoin investors on: July 23, 2021, 03:20:45 PM
There are tons of different stock, so I'm not sure if it makes sense to compare the whole market against a single cryptocurrency. But we can look at S&P 500 for guidance on the matter of who'd benefit more. If purchases were made a year ago, a stock investor would benefit around 37% over this period, and a Bitcoin investor would gain around 380%. So for the last year, Bitcoin has been around 10 times better as an investment. If you take an even longer time frame (say, 5 years), the difference will be even bigger and benefit our Bitcoin investor. But that doesn't speak about all stock investors and says nothing about stock trading vs Bitcoin trading because regular buy and sell orders could go in all sorts of ways.

If we talk about crypto and stock, we just talk about our own perspective not only about risk and return but also our belief. This afternoon my friend and I debated about crypto and stock and it will never end because we talked based on our different perspective. He's stock trader and I'm crypto holder, we debated about return, risk, fundamental and our belief. So this will never end discussion.
734  Other / Archival / Re: El Salvadorans are not happy about accepting bitcoin as a means of payment on: July 23, 2021, 02:16:42 PM
I consider that this rejection is due to the people's unpreparedness with the risks that will be accepted but they ignore the good potential that BTC has.  As in other countries that almost went bankrupt were saved by a number of cryptos.  Because if they understand financial management, they will be very happy and helped if the government supports them.  It's just a lack of literacy and socialization to the community about the potential that BTC has, resulting in rejection.
735  Economy / Economics / Re: Financial freedom and success comes from knowledge on: July 22, 2021, 06:27:35 PM
Financial success is the key to life. who is successful in the financial sector I think he or she is a successful hole in life. now come to the point of knowledge. every success depends on good knowledge. without knowledge, anybody can not succeed in life.so I agree only very good knowledge can give us financial freedom.
- Knowledge does not represent the full spectrum of financial freedom as quite a few people prefer to tie themselves to a centralized system, freedom may be a simple thing for them, but they do not accept it for many reasons, from subjective to objective, so financial freedom and success sometimes need the human element to come and decide, some people don't accept and exploit the freedoms, they think it's a risk and that squeezes them harder about safety and bondage

I see that the origin of financial freedom does come from knowledge. If you give an example that many people who have knowledge but do not have financial freedom, it means that the knowledge referred to here can be specialized again.  In general, science cannot simply give you financial freedom, but it is your skill in managing your knowledge that gives you the path to financial freedom.
736  Bitcoin / Bitcoin Discussion / Re: Bitcoin security in the long term on: July 22, 2021, 04:49:20 PM
there is a possibility that the network will become more insecure if there is less BTC to be mined, and it is possible that miners will stop mining if their land is no longer suitable. because every human must seek profit in all endeavors,
You mean the network will be insecure if there are less miners? Well, I don't think it will happen very soon, the increasing numbers of hashrate means that bitcoin mining is profitable that more miners join the guessing game. Hashrate falls this month but it still much higher than the last few years.

I wonder why the indicator is a slightly better number of miners for security on the network.  Actually, there is no single technology that is safe from crime, even an electric current that can be deadly can be stolen by many people and that is a common thing.  If you demand perfection, nothing is perfect in this life.  Security can be achieved if we ourselves are able to keep our activities free from mistakes using technology.
737  Bitcoin / Bitcoin Discussion / Re: Elon Musk and Jack Dorsey agree to talk about bitcoin at an event in July on: July 22, 2021, 03:45:06 PM

Elon Musk was very respectful, and well behaved during the talk. I believe he truly expressed what he truly felt about Bitcoin. They were positive viewpoints, which makes me more confident about the need for a censorship-resistant money, and the network becoming a multi-generational protocol.

Video, https://www.thebword.org/c/track-2-Bitcoin-As-A-Tool-For-Economic-Empowerment

EM can indeed look calm and seems to think that he supports BTC but on the other hand he often tweets that creates pumps in the market.  If previously Tesla accepted and now rejects BTC on the grounds that it is not environmentally friendly, it is too hypocritical because of the fact that even gold as a valuable commodity is not environmentally friendly.  The EM view is not always what it appears to be.
738  Economy / Economics / Re: Economy after COVID-19 on: July 22, 2021, 02:05:36 PM
Among low-income economies, where vaccination has lagged, growth has been revised lower to 2.9%. Setting aside the contraction last year, this would be the slowest pace of expansion in two decades.
The group’s output level in 2022 is projected to be 4.9% (according to World Bank) lower than pre-pandemic projections.

Fragile and conflict-affected low-income economies have been the hardest hit by the pandemic, and per capita income gains have been set back by at least a decade.


the global economy is poised to stage its most robust post-recession recovery in 80 years in 2021. But the rebound is expected to be uneven across countries, as major economies look set to register strong growth even as many developing economies lag.

Conditions affected by this pandemic continue to get worse not only from a health perspective but also from an economic perspective.  Estimates of economists in the US, next year's inflation in the country will be higher than the previous year, with high inflation it becomes very reasonable for them to implement a policy of tapering off or tightening qe.  This is to avoid a bigger impact.  Even in my country a semi-lockdown policy is applied with various terms.  From "PSBB" to "PPKM".  My country is quite chaotic, even the workers' groups say that if this continues, there will be massive layoffs.
739  Local / Bahasa Indonesia (Indonesian) / Re: [PENTING] Pemula Waspadalah Terhadap Scammers on: July 21, 2021, 05:53:21 PM
Kalau ada case seperti ini, tidak perlu bingung. Langsung kontak support Binance saja, Om. Tanyakan ke supportnya apa email itu memang dari Binance atau bukan. Kalau supportnya menjawab bukan dari Binance, ente abaikan saja emailnya. Bukan hal baru kalau ada scammer yang mengirimkan pesan dan mengatasnamakan exchange tertentu, entah itu via email atau via sosial media.


>Jika ada sesuatu yang mencurigakan, hal terbaik adalah memastikannya, dalam hal ini yang bisa memastikan itu benar atau bukan, hanya tim Binance nya.



Saat terjadi hal tersebut, ane cek dengan sangat detail bahwa memang email itu dari Binance dan ada yang mencoba login ke akun ane.  Ane juga melihat menu jika bukan ane yang melakukan login maka dapat memilih untuk report this activity namun setelah ane diskusi dengan teman, doi menyarankan untuk langsung menghapus saja tanpa di report. Apakah itu benar? 
740  Bitcoin / Bitcoin Discussion / Re: Elon Musk and Jack Dorsey agree to talk about bitcoin at an event in July on: July 21, 2021, 04:56:28 PM
right, even though we currently see Elon Musk badly on the development of bitcoin, that doesn't mean he has lost influence on bitcoiners. there's still a lot of community and he still has a large amount of funds to move the market, although not as well as when Tesla accepted bitcoin. but we can see how big the impact is now

But if you look at the influence that Elon has, it's like just a new fan who doesn't know the track record of the whales' strategy.  Elon is one of the whales who have made a decision and is very unstable in choosing crypto investments on the statement side, but those who follow Elon will continue to be provoked by his latest statement.
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