in my opinion no one can benefit, because the trade war that emerged from the handling of US and Chinese relations by the US President, Donald Trump, once again has an investment class that views cryptocurrency as a potential vehicle for economic survival. The Bullish shift to Bitcoin is undoubtedly related to the market cycle of the severe Bearish period which is coming to an end, but the geopolitical implications of the global economy have changed over the past eighteen months.
If one has to play hardball to get truly free bilateral trade, everyone will win eventually because freedom and its corollary free trade, benefit the world. One can bend over for only so long before it is time to put an end to it. |
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JFK? You can't be serious he was a drugged-up stooge on the path to socialism.
well, let's be fair: they're mostly drugged up, all stooges, and all more than half way there to socialism Fair enough. Lol. The ones who are full on board (e.g. Bernie, Warren, AOC, et al) are the ones who couldn't make it in the real economy so need to use force to impose their ideas on everyone else. Socialism-ideas so good they have to be imposed by force. (Applies to any form of authoritarianism - fascism, communism etc). |
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One wonders why more Argentines don't take money off shore or use bitcoin, because although the politicians keep saying "this time is different", it really isn't. One wonders why more Americans/Germans/Brits/insert Western country here don't do the same. Everyone the world over is being fed the same lies - "this time it's different", "we're all in this together", "working for you", "make us great again", blah blah blah. And every time the politicians get more corrupt, the banks consolidate more control, the rich get richer, and the average people suffer. The economy tanks and the banks and billionaires use it as an opportunity to buy up more assets cheaply, while large portions of society struggle to keep up with their bills or feed their children. Who cares about the poor dying though, right? Think about the profits! He made the mistake of trying to upset the rest of the established power structure, and someone was sufficiently pissed to have him murdered. At least back then they went to the effort of making it look like it was a Soviet defector who did it. Now they can just openly murder people like Epstein in his cell and nobody can touch them. Agreed. Everyone should be doing it, just some people have a little more urgency. |
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I don't understand where the competent people have gone. These days it's either psychopaths or the fractious and ineffective.
Politicians are just pawns in the hands of the powerful who use them to control people and pass laws to control them. This is particularly pronounced today, it is enough to look at who leads the most powerful countries in the world, these are certainly not people who have the honor, morals or feelings for the people. There have been good politicians in the past (JFK), but they don’t last long in a world like this. I do not see how people in Argentina can just like that switch to BTC, capital control means that they can exchange their domestic currency in limited amount every month for $, but this restriction is quite sufficient for ordinary citizens. People still choose to buy fiat ($), rather than BTC, and I do not believe that will change so easily. JFK? You can't be serious he was a drugged-up stooge on the path to socialism. |
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Argentina has been mismanaged for decades, they keep selling bonds and then defaulting. And yet the people of Argentina keep electing the same old statist/progressive/fascist/socialists and wondering why the results aren't different.
One wonders why more Argentines don't take money off shore or use bitcoin, because although the politicians keep saying "this time is different", it really isn't.
When the people vote for something for nothing and envy (envy isn't one of the seven deadly sins for no reason) they will keep getting nothing for something and always be much worse off than if they voted for freedom.
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If someone will steal with you, they'll steal from you.
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This is proof that people still care about their privacy, even with KYC/AML and chainalysis itself.
Imagine what'll happen if government knows you donate to certain group (politic, religion, etc.) or whoever receive a payment from you know how much Bitcoin do you have.
..l
Hence why FB etc want Libra so that they'll be able to have a product they can also provide the governments. There is some cognitive dissonance going on within the governments of the world: do we care more about knowing everything people are spend money on or more about controlling the money supply. Right now controlling the money supply wins because they can get the rest of the information other ways. |
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there is no place that is safe from power hungry, inflation loving central bankers plus the power hungry politicians who are more than willing to sell their citizens out in order to enrich themselves.
let's not forget that there are citizens who'll sell out fellow citizens also, especially in pressured circumstances. when the built-up problems in the centralised manipulated markets are finally and fully released, there's gonna be some desperate people out there, that could be much more amoral than you remember them before the mother of all recessions. Agreed. There are lowlifes all over the place. |
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Everyone world-wide should own some crypto because there is no place that is safe from power hungry, inflation loving central bankers plus the power hungry politicians who are more than willing to sell their citizens out in order to enrich themselves.
Venezuela and Hong Kong are great current examples of why the time to prepare is well before the storm hits.
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Libra adds nothing to the cryptoverse. It is centralized and not censorship resistant. It will enable FB etc to control access to one's money based on bans, shadow bans or social credit score. Anyone who uses it will be eventually parted from their money if they ever express anything that offends the powers that be.
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Paxful founder Ray Youssef has tweeted a bizzare idea in which he wants the community to burn Satoshis coins, so the threat of prices crashing due to Satoshi revealing himself and selling his coins goes away. While I understand that if Satoshi were to sell his coins crypto prices indeed will crash, but in the end it’s his creation and his coins no one should decide for him. What are your thoughts on this should the community support this bizzare idea, or voice their opinion and keep Satoshis coins safe?. Source: https://finance.yahoo.com/news/paxful-founder-makes-wild-proposal-161450915.htmlAn idiotic idea. Once the principle that we can burn someone else's coins becomes enshrined in bitcoin, anyone's can be burned. Anyway, anyone who did this would create an alt-coin and would be forked off the main chain because anyone with an ounce of intelligence knows it would destroy bitcoin. |
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Whats your opinions on storing bitcoins in the Bitcoin core wallet on a home PC with a strong password and regular malware scans?
Much depends on the OS you are running. If you are running a current version of Linux or macOS you'll be in better shape than Windows 7 for example. What else is running on your machine? On your local network? What firewall and router are you using? Is it connected to the internet? There are many variables. |
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A few points:
- Anonymity and decentralization are complimentary both are important and decentralization helps anonymity.
- "Non of above". Typo
- "Do you have one (or more) bitcoin address which you regularly use? Be careful by bitcoin address we mean bitcoin address, not a wallet". It isn't clear what "regularly" means. Some places you ask about weekly, monthly etc. Is that the same here?
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Everyone in Hong Kong with any intelligence should be buying some bitcoin as protection. China wants control. Having bitcoin as part of an escape plan there is a smart thing to do.
At least some people in Hong Kong see it that way too.
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However, what would the IRS say if I have bitcoin to trade to an altcoin and earn profit in bitcoin? Is that taxable?
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They would say you have a gain and need to report it as taxable income. And depending on the amounts involved you may need to file and make quarterly estimated payments. |
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And how long did the people of venezuela use bitcoin as a refuge? Will use bitcoin as a refuge for a year? for 10 years? forever? Venezuelan people should stop supporting Maduro. they should ask for fair and transparent elections, they must demand democracy and freedom of expression. They cannot continue to accept the kind of life they have
One problem is that up until the late 1990s, they DID have fair and transparent elections. What they did though was see the lure of "something for nothing" and "free <whatever>" without thinking about the consequences and then voted themselves into the slavery of socialism. Remember, they voted Chavez in because he promised enough people that he'd take from one group and give to them that they voted him in. Instead he took the entire country - once the richest in Central and South America - down the drain where now it is the poorest. The world should take note of another example of socialists destroying a country, and take steps now to plan for it wherever you are. Particularly Hong Kong (and China), but also places like the US where socialism is being sold as a panacea to people who are uninformed about the deaths and destruction it has caused everywhere it is tried. Remember, they had free and fair elections and stupidly tried to vote themselves "free" stuff. |
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As far as I know, bitcoin trading in Venezuela has been hitting records high like every week. So I don't know why the OP is surprise with this kind of news. And Venezuelan's has been seeking refuge to bitcoin ever since the economic turmoils and embargo. Hyperinflation? You can go to Venezuela and see it for your self.  The people of Hong Kong should be buying bitcoin now because turmoil is headed their way just as it was in the later 1990s in Venezuela. The smart ones should be preparing. |
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I don't understand these guys who manage these hedge funds, until a few months ago the price was $3300 and all I heard was: don't buy bitcoin now because haven't touched the $1000 bottom yet... and now that the price increased a lot are making a lot of positive comments and even are encouraging people to invest in bitcoin. Are these guys who manage these hedge funds reliable? I mean can they really make a profit? because I wouldn't use it
As with many things, some are good at it, most are merely good at marketing it to separate people from their money. |
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Everyone in Hong Kong should be buying some too given the troubles with China there too. It is nice to see people appreciating the benefits bitcoin provides.
Why would they say "unlikely" though? That makes little sense.
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