so if Russia manages to make mining legal now, miners can now freely mine crypto without hiding, while the government benefits in return through taxes and every other kind of fees miners would be expected to pay, this could at least help their economy, even if personally i think the effect would be minimal.
I also heard, after a lot of sanctions received, they started to retaliate in a way "they will only accept GAS payments using crypto(bitcoin)" I don't know if this is just a plan, but one thing I do know is that as long as the sanctions last, I think Russia is going to be very crypto friendly. they will solve the country's economic problems by using crypto. this is due to the ruble in free fall, due to the swift ban which makes it even more worthless. but with the existence of cryptocurrencies, it can replace the ruble to make transactions, because crypto has one price throughout the world, so this does not prevent Russia from developing its economic sector. many countries do not yet have regulations on crypto, and this is a gap to replace the ruble which is the country's official currency |
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It is true that economic sanctions may break the backs of many countries. The country will become poor, maybe try to be self-sufficient, if it can, it will be able to survive, but it will not be able to shout at all. However, these theories may apply to Venezuela, Iran, and North Korea. But what happens when you try to play this kind of game with superpowers?
In my opinion the effects of sanctions on a superpower are even worse than on the smaller nations like Venezuela or North Korea. A superpower is usually strongly connected in international trade an relys on exports for the economic growth. Once many nations join in on the sanctions the trade will collapse and send the currency downwards. The lower currency makes imports more expensive, which will make force down the economy even more. In my opinion sanctions are important and should be applied, but the severity of them is a issue. The harder the sanctions the more the ordinary people are going to suffer. This might make people more radical and not change the desired politics. I would expect if you ask people in North Korea, Iran or Venezuela how they feel about the sanctions and their attitude towards the West, they will probably blame more the foreign countries than their own leaders. Not really, the impact of sanctions will depend on each country's response strategy. Venezuela, Iran and North Korea are small countries and they don't have many relationships with other countries, so the impact is quite heavy. But with the case of Russia, I think things will be different because they are a superpower with a large army, abundant natural resources and they have a very good relationship like with China and India. Sanctions will have an impact on the economy, but they already have the necessary contingency plans in place, so it is difficult to say whether the Russian economy will collapse like Venezuela. In addition to self-reliance I believe that with close relations, China will not abandon Russia. I think that the successive sanctions from the US so far have not made Putin's guts shrink. From that consideration, I think Russia already has alternative solutions to overcome various tests from western countries. just like the second world war, i think russia will remain strong as opponent of US in this world. We know that China is a country with an industrial sector that dominates the world, and of course it will not happen like Venezuela |
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I think that in work, we should not look at money as the main reference, because our work will not be optimal if the results do not match our expectations. like me here, working in this forum sometimes get paid, but sometimes not, but on the other hand we can learn trading and investing, from trading I will get daily income, but is that sure, I don't think so, because until now I still process, and can only try to achieve the goal
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It may take a long while. The US and the West won’t stop making Russia experiencing the “worst of the worst” in their economy. Although that each of us are having our opinion regarding the timeline of Russia’s economic recovery, it’s not going to guarantee that the timeline would be accurate. Anything could happen without warning.
The West won’t stop and may impose additional sanctions in the future that would severely impact Russia’s economy even more. That’s what I was thinking. Although now they are accepting BTC as mode of payment for buying Russian oil to “friendly” countries, it’s not enough to make their economy recover soon because the West are going to do whatever it takes to prevent Russia from recovering fast.
I agree that west will try their best (worst?) to make sure that Russia never recovers from this, or have a very hard time trying to recover from it. At the end of the day, if Russia lives through the hell because of it, then it would take them a bit harder to ever try something like this again. Putin is already 70 years old, and this is probably either his last war, or he will just kill us all to keep it going. It means that we should not be shocked if he ends up attacking with even nuclear weapons one day, but that seems like an unlikely part for the time being, just because he couldn't get Ukraine, he wouldn't fire nuclear weapons as far as I can see. but we also need to know, even though the US and the west insist on sanctions against Russia, on the other hand Russia is also friendly with China, which we know in almost all countries it is easy to get products from China and Russia is a supplier of oil to European countries. indeed recovering from adversity after the war takes time, but I think putin has calculated beforehand from various points of view, and finally the war path was taken |
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What I experienced myself, the salary of us working in the office is not enough to support all our needs. but every human being has fortune, and we must also pursue it, so that we don't just rely on one source. still grateful for what we get because we have a fixed salary every year. but in the digital era like today, if we can take advantage of it, of course there will be many opportunities, as we are in this forum, one of them
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I once used the coss.io exchange, where I placed my assets on it. but for a long time without me knowing I can't access this exchange, and looking for news it says it's closed. and till now i didn't get my coins back. and it makes a very valuable experience, where if we want to save for a long time, it is better to store it in a personal wallet, so that the security of our own assets is responsible for it
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We all have different ways of trading but time and knowledge is best teacher.
Time through experience worst and the best with trading. It's true that those factors that have been said by OP really are going to help to become better. I've been seeing candlestick analysis as well as Fibonacci. You choose where you're comfortable because these strategies are guides and they really are effective if you get to master them or at least tried for so many times. experience is the best teacher, as well as trading, any good theory is useless if we lose in trading practice. therefore indeed in trading we have to try it many times, so that we get a lot of experience and evaluate it, by itself we will get what we are looking for. this is the same as demo trading and real trading, where during demo trading it may be easy for us to make a profit with the strategy we use, but it will be a different story after we switch to real trading, and after trying of course we will know the cause |
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Simplest trick that I could teach anyone is not to give up on coins if they are good name ones. I mean sure there are some that will go to zero and will never recover but you shouldn't have invested into them in the first place. If you invested into BTC lets say since it is the biggest, and it has been low for a quite long time, do not give up and sell and hope to rebuy at a lower price.
What you should do instead is invest only a portion of your money into btc, and if it goes down then you could buy some more. This way, even if you are wrong when trading at the very least you could recover quickly by dropping your averages and make profit when it goes up.
right, this is the strategy I've done at least until now, which doesn't spend our capital in one price, that way we can buy it back at the next support, and if it goes down again then we still have capital. but this method is not for short term trading or day trading, but in this way I can at least survive and make a profit, although sometimes I have to wait longer to get the average price and make a profit because I rarely use cutloss |
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Bitcoin is truly an alternative currency that helps even in a pinch. As you said about the Ukrainians who took advantage of Bitcoin during the war because of access using fiat currency. This proves that Bitcoin is indeed an alternative currency that can really help even in dire circumstances. The more you come here, the more it appears that Bitcoin is indeed useful and really helps, it is appropriate that people look at Bitcoin. Although full of risks, Bitcoin also brings many benefits.
People are now realizing the good features of bitcoin as the advantages of using it has been seen during this pandemic and war crisis. As you don't need any third party just to send crypto to anyone at any part of the world, the experience is borderless, while enjoying the cheap and fast transactions. And now, many people are changing their perspectives towards bitcoin. Before a lot are thinking that bitcoin is a scam, fraud or whatever you may call it. But with the participation of the government like in El Salvador and big companies like PayPal, people are seeing that it is not the problem of the bitcoin itself but the people who are trying to use it to deceive gullible people. for the matter of fraud, it may be from other parties outside bitcoin who are in the name of bitcoin. but at this time we do admit that bitcoin can be an alternative payment due to the ukraine war. in this case bitcoin is an example that it can be used in unsupportive situations, but globally the problem comes from the government with all its considerations, so most countries have not been able to legalize it |
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Could this truly be Satoshi's wallet?
Sounds to me like someone remembered a forgotten laptop. Wouldn't surprise me if satoshi transferred some of his btc one day but with so many other potential individuals it is highly unlikely that any specific event was satoshi. There is a similar post about that mate recently when a Loss account had been found in Old Laptop containing really a good amount of bitcoin , or maybe this is the story behind this post? i can't dig the thread but surely i come across this . and also If Satoshi would move coins? surely we will notice because the 1 million Bitcoin In his wallet will alarmed the authority if being claimed . Satoshi's own name no one knows the truth, and who he really is. I think this case is more likely to someone who is lucky like getting an unexpected fortune. especially with the current KYC it will make it easier for the authorities to investigate so that it will be known who the real owner is, and I don't think satoshi wants that to happen |
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~
In the end, it would be like only peanuts for him. It's not something he has worked for it anyway. He can buy whatever coin he wanted even the shitcoins if that's what he pleases to do so. I wouldn't call it indirect support to be honest though even if I can recall that Tesla adopted crypto payments in their business. maybe with the wealth he has now, it seems easy to do anything, if now he wants to sell his bitcoins, it could be giving fud news to have many friends to sell it, so the price becomes cheaper and he can buy it back at a low price. although rich people, but every rich person of course will always try to increase his assets, but I don't know what he thinks, because before he acted outside the minds of many people in general |
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This will definitely happen, in the war with Russia crypto has played an extremely important role for Ukraine. As they begged the world to mobilize people to support them through the war. Without crypto, I don't think how we can donate a large amount of money to them when the cross-border remittance of banks is fraught with formalities and complications.
Hopefully, legalization will pave the way for bitcoin to become legal tender in Ukraine when the war is over.
Why do I have this feeling that governments are clowns, it is not limited to any country, they are all the same. The legal proceedings came in when they were on the hot seat, what happen to the process before they were invaded by the Russians. Ukraine was largely donated to by the Bitcoin community, it is time others should follow the legal preparation of Bitcoin before it is too late. I hope Zelensky doesn't change his mind about those bitcoins donated, I trust no government when they sit on their chairs. at least they understand the use of bitcoin in the current situation, until finally they can do more after the war is over, and don't forget bitcoin services. but we can only hope, of course they will only calculate the profit and loss. but indirectly it is at times like this that bitcoin has more value and has proven usefulness, so that everyone can judge it because the development of the times is inevitable |
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how do u sell what u don't have?  and how am i suppose to do what others aren't, when i don't know what are they not doing?  What he mean is just to be creative, think outside the box, for someone to be outstanding in life then it demand lots of sacrifice, you dont have to follow the crowd because you ain't all heading to same destination, it means to have an inner eyes that sees even when others are not, which is one of the greatest weapons of successful entrepreneurs. That’s right, people who don’t follow the crowd are the unique set of people. They are usually being seen as strange or weird, but at the end they are the ones who emerge at the top. Same thing applies to the cryptocurrency market, if you keep following what everyone does, then you are doomed to fail most of the times, but if you learn to make your own decision, you would be more likely to succeed in the market. An advice from Warren Buffet says that we should learn to be greedy when others are being fearful and we should be fearful when others are being greedy, you just don’t know when the market would plummet. right, when people are afraid to buy, then that's our chance to get the best price, and vice versa. Here mental strength is the key to success. but it is undeniable that many people are successful by following the flow of the market, but they must know when to enter the market and leave the market without prioritizing greed which will actually harm us. |
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Crypto is not part of War and wasn't meant for war, it was developed to liberate people and that's exactly what it's doing best right now. For instance, Bitcoin is permissionless and holding it helps you make payment without seeking anyone or authority to facilitate your transaction and support borderless payment. Now, compare it with to Banks, will bank allow you to sent money to Ukraine knowing that you are doing it to support Ukraine, your governments may disapprove it at instants and let's say they even approve it, it will take days before that payment will get to Ukraine, this is where Bitcoin(cryptocurrency) saves people and not fuel for war.
Sometimes we focus so much on war that if we talk about crypto then it gets connected and becomes part of the war, actually with this crypto will facilitate and will help many people in Ukraine, we have to see this in a broad spectrum don't limit it from the beginning crypto became controversial for many countries, but as long as there was a war when fiat could no longer be used, crypto became an alternative means of payment. Moreover, the swift ban that occurred, for Russian citizens for example, if they travel abroad and their bank is inaccessible, then at least with crypto they can do more, so as not to make them suffer more because of money |
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for now what I do is buy coins to invest, I think it is difficult to realize what you call me. by buying at a low price then the opportunity to get more koun will open. in a situation like this, of course, many people will panic, although not as big as in 2018, therefore we take advantage of this moment to hoard assets
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yes, all who invest in their bitcoins have got financial freedom. This is for those who are not afraid of losing their money in the past, bitcoin was once underestimated by some for its future opportunities. and now the fact that there are a lot of new billionaires with huge profits that bitcoin gives. i don't make a lot of profit from bitcoins, unlike the surviving investors many years ago. bitcoin has given me the trust till now to fulfill my needs.
what we feel right now is hard to explain to those who are new and have never benefited from bitcoin at all, bitcoin really gives financial freedom to me personally, if someone says that bitcoin will be banned all countries and die then I will not leave it because in this world only bitcoin gives me financial freedom.. Of course everyone has their own experience with Bitcoin and not everyone gets financial freedom from Bitcoin, but it must also be admitted that since crypto a lot of people have benefited and this is a positive thing I take the example of myself personally, although bitcoin has not been able to provide financial freedom for me, but with bitcoin and I know bitcoin has an impact on my economy, I can make money from here and are not bound by time like we work for companies. I think the freedom to make money here is very easy for anyone, as long as they have the will to grow |
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Those people who doesn't know this technology will surely prefer USD. United States is really the golden standard for countries which is why USD is much renowned. I believe when adoption is fully developed, BTC could replace it and even global acceptance would succeed.
Even people do knows about crypto they would still end on trusting fiat in the end of the day except into those people who are really seeing the beauty of crypto in terms of decentralization and new payment system. Doesnt matter on which one we do trust up.It is just on how to see on which one would really giving out that benefits into you doesnt matter whether as a whole or as an individual. Agreed. In my country for example, many people still believe that crypto is a scam. The reason why, is that there are lots of scammers who's offering passive income and there are many victims here. That's why they prefer remittances from USD rather than easy to transfer Crypto that is backed by blockchain. at least people trust crypto just to make big profits, and that's what got us here. in the end the crypt that we have will be turned into fiat, and we can use it to buy something we want. this is because we live in a country and must comply with the regulations in that country itself. but we will never know for sure what will happen in the future |
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My advice is, don't put all your eggs into one basket.
Exactly the point and like other contributors have mentioned inflation to be the underlying factor affecting USDT. If you convert or buy your money all into usdt so you also have to remember inflation. When USDT is pegged on the dollar we have to remember that it value won't remain the same at some point when it is either fiat. So buying some crypto is still good for diversification and not to tie down money in usdt as it has advantages and disadvantages. at least by using usdt, it will minimize the risk of fluctuations, as the Myanmar government has started to use it, so they want to improve from the tourism sector by facilitating foreign tourists to their country. but indeed inflation is unavoidable and usd is based on the dollar which has a certain value in a country |
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On the other hand, It's not possible to avoid banks in everyday people's life. A bank is the most trusted media by people's practical world. So everyone can't want of bank's death very early the mentioned topics. So stay with the bank for your safe life & livelihood.
Saying Banks will he replace by crypto is the delusional talk and arguments to talk about in the first place, we both need each other survive this adoption we all need. Banks will get a massive turnout investors from crypto who will want to make a deposit and in return crypto will on board millions of people including those who are very less interested in cryptocurrency. I know the government want a regulation, it's for everyone benefits and clean money. Nobody will want to talk bad about crypto again, it will seen as a clean money and everyone will be happy when there is a bull run unlike the way India is trying to Fud everyone in the system. I agree with their position, in fact I believe that many governments will begin to highlight BTC from now on, taking it into account for our digital economy, I do not believe that they will replace banks, rather I believe that banks will adapt to the world crypto and it is not a bad thing, because they would continue to maintain all security but offer a service that at given times can give much more than expected, in fact BBVA already considered it and I think that at least in Spain some series of banks already receive cryptocurrencies . That's a good point of view, but if banks become an integral part of the digital economy where Bitcoin might play an important role in the future, there is also a possibility that banks somehow implement extra fees for facilitating transactions or providing other financial services relating to Bitcoin. It remains to be seen if they contribute to Bitcoin becoming a real option for people or whether they create additional cost that further exacerbate the tx fees dilemma of Bitcoin. I believe the government has started taking cryptocurrency into account, because of its unstoppable development. hopefully this is true, so that with the rules made by the government banks can run so that crypto has a place in the bank. I don't know what the rules will be like, at least a big change will start |
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