I must say i like El Salvador, this country creates a history, making BTC as the country's legal tender, i can't help but wonder if more countries will follow suit, even if still small country, i believe a single spark can start a prairie fire.
Yea, I like El Salvador too... but from a big distance! I wouldn't go there even if you pay me for that! If we can call it a country, it's small, run by gangs... MS 13! The documentaries about them that I watched are crazy, literally! Who will follow this god-forsaken place? I mean it's OK what they are trying to do... but the reality is hard for them! And I don't think that Bitcoin can help them, they need to change many other things first! Maybe this can be seen as the first step towards some bigger changes... maybe! Time will tell, but I am not so sure about that! Everything must start from somewhere? What if this is the opportunity for Salvadorians to improve their life and start getting rid of all those 3rd country problems? I don't like when people tend to focus always on the bad sides while don't recognizing the true good value that such a move would bring to the country. Yup, there is a good side for the society. When they can learn about BTC, and earn some BTC not only for transaction but also as an investment. Look at the trend history of BTC, the government decision will make its society become richer than before. Based on many article that in this country, 70% society dont have bank account. It means that the society is poor and this is a great ocasion for them. |
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I'm feeling the effects it's having on my life very well, all businesses have been down for almost a year now, and I still haven't seen the positive things that can change everything. But anyway, I still feel very fortunate to live in a country with a very high sense of disease prevention.
Until now, judging from the whole, I think the economic sector is not fully normal. of course it can't be separated from this pandemic and we don't know when this will end, but for now I feel better than at the beginning of the pandemic Ya maybe the condition is better than at the beginning of the pandemic but dont be ignored that there will be an threat in the world economy. Central bank of my country said they beware with the Fed decision. In this year, the Fed will take tappering decision for their country and this will make the new issue for another country and the effect will be felt by the society. |
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I want to appreciate the decision made by the president of El Salvador. He gave a policy on BTC that is as a legal currency. BTC is back at the original purpose of its creation and in this country will be a role model for other countries. Can BTC be legalized, all doubts can be answered? inflation and even bubbles that are always linked to BTC will be shown in the policy results.
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Tinggal saja pelayanan pelanggan mungkin agak sedikit mengecewakan berdasarkan pengalaman.
Seperti yang sering terjadi di exchanger ternama di Indo, kalo uda pasar bearish sistem langsung error dan ga bisa lakuin aksi jual atau beli sampai beberapa lama. Gatau penyebabnya apa, dugaan ku ya karna permainan manajemen untuk handle arus duit yang keluar masuk sangat cepat atau emang sistemnya yang masih abal abal. Itu sih pengalaman ane yang ga seberapa ini. |
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Well, honestly that puzzled me a bit. The reality is that the SAME 500 million DOLLARS will be split into two issues, the same issue will be traded with to different ISIN codes, and then different prices and yields. This has been done to segment domestic investors from unregulated, suspicious traders on smaller bets.
This means that the first two rows are actually only one, and the proceeds amount coming from these sales cannot be summed.
Now, I dont think why investors buy MSTR bonds. I'm just really confused, what is the strategy behind MSTR's finance decision. First, I guess that BTC can store the value so this will give many advantages for them if they buy BTC with their own cash. But, now this really suprised me that they buy BTC with their debt. This is too risky, and regarding Michael's statement that they will keep BTC for long term and will not sell them ? Now, how they can earn profit to pay the coupon without sell option in their speculation. |
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Plus India has not opened its economy fully to 100% yet, because it is one of the worst hit countries of the pandemic. But once their economy opens fully, the people will spend spend spend, raising inflation! It will be the same for many other countries around the world.
I am not residing in India right now, but from what I have heard a lot of people have been pushed in to poverty as a result of this pandemic. So the situation there is different from what they have in developed nations. The government itself is cash strapped and the taxes on petrol and other commodities are at historic highs. And as a result they haven't been able to roll out too many stimulus programs. And I guess that the situation is same with the other developing nations as well. There is no large influx of fiat, unlike the case in developed nations. However, referring to various articles, many countries have adopted a policy of printing money to stimulate the economy in the community. Even this developing country is following the policy of the fed in printing large amounts of fiat. I find it strange that in the midst of covid, the state does not provide stimulus to the community. Because too many restrictions have been put in place to prevent the spread of this covid. |
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As they got a 1.6 Billion bid
Thats alot, please enlighten me on this as I might be missing something. Why would people put this much money on a company that will purchase bitcoins instead of just purchasing their own bitcoins? There has been speculation regarding the various instruments that MSTR has already issued that some of the investors into the company may well be in a position where they are not able to buy bitcoin directly, such as institutions... Also, some people and institutions also do get nervous by engaging in their own custodying - even if they might NOT have legal restrictions regarding that. I agree with you, my other thought is why they buy bonds issued by MTSR because they want to invest in the crypto world but have minimal risk, this is the best step. Provide debt to MTSR by buying bonds which will later be used to buy other BTC. The risk of default is minimal but they still receive coupons for granting their debts. I see the real form of the issue that has been developed in the forum. Whether investing with BTC using debt is an interesting thing and here is the answer. Buyers of MTSR bonds are whales who are a little afraid of risk, so the choice of instrument is MTSR bonds. The risk of default is minimal, coupons are still accepted according to maturity. And the big risk will be borne by MTSR who dares to invest that much in BTC. |
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Mengenai harga BTC yang per hari ini turun sampai ke level 31k USD. Bagaimana menurut pandangan om om disini? Apakah ada kisikisi tertentu dengan trend red day hari ini. Jika melihat market cap crypto saat ini sudah hilang 200 T USD per harinya. Apakah trend bearish ini memang akan berkelanjutan? Atau ini belum masuk kategori bearish, dan hanya koreksi harga saja? Karena saya baru baca berita isu pemerintah China lagi, apakah itu penyebabnya atau hanya faktor pendukung saja. Bagaimana menurut om om disini, mohon ilmunya om
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A bubble is not about how high is the price of something (tulip bulbs, diamonds, dot-com stocks...), it is when the price is not justified. It is a bit for everyone to decide if the price of an asset is justified really, there is not a magic formula that will tell you if it is. In stocks or investments you can make a "discounted cash-flow" apply a rate of return and make some hypothesis about economy, growth and "moat" and at least you will get a number from it. On other assets, the price will be fixed by supply and demand (and that is the case for bitcoin) since they do not produce a regular cash flow.
When it comes to decide if there is a bubble, you have to think about how much is worth to you. How much would you pay to get, e.g. a 4% in dividend instead of spending the money today in a car or a TV? How much would you pay for a diamond or even a soccer ticket? (my personal for those two is quite low)? Or, How much would you pay for 1 in 21 million bitcoins?
Getting to the point, bubbles happen when you start buying something just because you think someone will pay more for it, instead of looking at how useful is it for you or for a community of people. Buying something is actually telling the market that they are wrong, and what you are buying is worth more than what the consensus means. This is being contrarian, anything else is speculating and creating bubbles.
Indeed. The absolute level have nothing to do with whether something is a bubble or not - and it is a common misconception that people think just because the stock market has been going up consistently over the last 40 years that it must be a bubble. Sure, indices are at all time highs but along with it are fundamentals are earnings figures. The same thing can be applied to BTC, even though DCF is obviously not applicable due to the lack of cash flows here. The level of adoption and institutional interest can be a gauge in BTC's fundamental valuation, and it's certainly in line with price action right now. I agree with the bubble concept you said. There will never be a single ratio that can measure the value of a stock, crypto or any other asset. Because the birth of the fundamental ratio is also based on mitigating losses on investments based on whatever they can compare. Our bubble indicator, the majority of the market makes purchases based on unfounded perceptions and is only influenced by lust for high returns later. In fact, with the majority of the market rushing in making decisions without doing many comparisons for consideration, it will create huge losses in the future. Bubbles will break easily with just one sentiment. Such is the current state of affairs in the crypto market. China's sentiment towards BTC, brought down the price by 50%. |
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Is this really happening? Some people died because of vaccines? I only heard some symptoms but not that serious that it could kill someone If this is true then this is alarming or maybe they are injecting the wrong vaccines, you can blame some government officials if this happens. Can you tell me what country is this?
2.15 billion doses have been administered so far. Obviously there will be reports of adverse reactions, and especially in people aged 80 or above, in very rare instances these reactions may cause serious medical conditions. A few months back, there were reports from an old age home in Norway, where a number of senior citizens died after getting vaccinated with Pfizer dose. But such conditions are extremely rate (maybe one in 100 million or so), and you should not hesitate to get yourself vaccinated just because of this. First of all, I dont really trust with the vaccine because according to me this is the fastest vaccine that have been made. But, I also don't want to share the negativity that makes other people afraid of vaccines. I did see a lot of chain news in whatsapp groups and others about fake vaccines, the impact of death due to vaccines and even this covid is engineered. I'm on the neutral side and don't want to be easily provoked by the ambiguity of things. Because if we think too much about everything, our lives are full of vigilance and become slow in making decisions. |
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Can somebody explain (or provide a link explaining) how an inherently deflationary/appreciating asset (like BTC or Gold) can serve as a medium of exchange versus just a store of value?
Firstly, bitcoin issuance is limited and until now deflationary, but that only happens due to the demand. Second, there is no reason why you cannot exchange goods or services with a deflationary asset. There is simply no obstacle to it for that - you pay in bitcoin and you receive something else. If there is plenty of demand the price goes up, yet that does not hinder the ability to use it. The limitations come from the cost of transactions, the number of transactions per second and other elements of the network as it is today. Another reason BTC is the best payment instrument today is because its value has continued to increase since its creation. When the current fiat payment instrument that continues to be deified by economists. And those who keep voicing that BTC is an asset that does not have an underlying asset even though it is clear that Fiat currently does not have a clear underlying asset other than a guarantee from the central bank. Why do we trust the central bank when it is clear that inflation continues to occur and the value of money continues to decrease. We clearly learn, how the concept of time value of money but we do not realize the great potential created in BTC. There is no time value of money and the uniqueness of a decentralized system only exists in BTC. That's why BTC can be a good medium of exchange and store of value. |
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In my opinion crypto trading on the spot market is lower risk than forex trading, because forex trading actually trading with use margin /leverage. I did trading forex for more than 4 year, but its really hard to earn profit consistently. But from crypto trading on spot market, I did make huge profit only for holding by longterm. Traders are more successful in spot markets such as stocks and crypto compared to the margin forex trading.
Yeah, you got a point for having margin or leverage in forex trading. But the one you mentioned doing spot trading for the long term, like you, and hold it for the long term? You didn't put any stop-loss at all? It really risky too for me even you are doing spot trading without any proper way of trading especially considering the volatility of cryptocurrency. I thought the same. When a long-term investor, stop loss must still be applied, especially in bearish times like this. If the stop loss is not done, the current loss may be 50%. Crypto is indeed a profitable investment for risk takers, but if you are not good at implementing strategies, you are ready to experience big losses. It looks easy by buying a coin that you like to make a profit, but if you are not careful then what initially promises can be very painful when you lose. |
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This is interesting news for crypto enthusiast. Finally, there is a country which is serious to adopt Bitcoin as legal tender for the government currency. Indeed, this will not give much difference for market because this is just a little country which have only 6.516.498 population. The population of the country is only 2% of US population. But, this will be a history for Bitcoin milestone. I'm not really surprised if Elsavador has a pretty out of the box state discourse because they have a president who is still relatively young and can see a lot of potential that not all presidents have. Why did the government draft a law related to the ratification of BTC because 70% of the country's population does not have a bank account, because the majority of the population is unbanked so that with BTC, this will make it easier for people to have a better financial system in the future. There is no requirement to have a BTC wallet, unlike banks which have to have many requirements to open it. This is an example of using BTC as an economic driver for the poor in a small country. https://worldpopulationreview.com/countries/el-salvador-population |
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Not only FUD continues to occur in the market, but force selling also continues. Market Cap loses hundreds of billions of dollars every day. This indicates that the market is still in a bearish condition. The force selling that occurs in the market is due to the fact that many retail investors invest in crypto by borrowing. This loan of funds requires a lower limit, when the assets purchased touch a certain limit, they will continue to force sell to reduce losses. It is the retail investors who invest with borrowed funds that are the most detrimental to the market because it will create bubbles in a short time and can burst at any time, making the market very risky.
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National success is also important. Of course, he has to win international tournaments as well. If the spending permission given to Guardiola had been given to another coach, perhaps he would have faced the same end. Manchester City won the English Premier League this year. EPL's reputation is just as important as UCL. It was the only match in the final. They played many matches until they came to the final match. I don't think it's fair to call Pep Guardiola a failure because they lost the last game. He could have had the same problem in Barcelona.
EPL is not as important as UCL, anyone who says that is either a British person who overvalues their own league or they are a person who likes premier league way too much. UCL is where the real winners are for the top teams because you can win your league all you want but UCL is a whole another cup. Chelsea finished 4th in premier league this year but managed to win the UCL and that is a huge success, Tuchel should be praised like no other coahc for this year, he achieved something major, if he won FA cup as well that would have been insane. EPL is important, it is VERY important, but for these teams at the top UCL is the most important cup there is because only one can win it between all the big clubs all around europe, you are not just beating teams in epl, you are beating all the great teams all around the continent. Which is why I believe Pep has failed miserably for the past decade. This is a great achievment for Chelsea and have showed us how hard their effort to reach the throphy which is really adored by many club in the world. This is the precious league ever after and every club really workhard to be wrotten on the throphy. Even the interesting issue that happen is Man City is moked by their ex player "Patrice Evra". He posted on his tweeter the meme between He and Bobby Charlton which is searching the Man City's name on the throphy but they cant find. |
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I think the inflation because of pandemic, the price increase, food, services, and other needs for living everyday. And I also think why the prices increase is to get their losses from previous year, that is business they are only thinking is to get profit.
Nope.. I don't think that the businesses are responsible. With so much competition, it is virtually impossible for the businesses to overcharge. The problem is with the governments. Now they got the justification in terms of the pandemic and no one will question them if they print unlimited amounts of banknotes. The US government has announced additional spending plans worth $6 trillion. The other countries are likely to follow the example. It is a once in a lifetime opportunity for the politicians to steal trillions of USD from the public exchequer. And hyperinflation will be one of the several consequences that result from this robbery. Yup, I couldn't agree more. The government is the most responsible for the inflation issue in the country. At first the government could print money with gold collateral in the country, but now they are so free to print money without any underlying assets. The current alibi of the government and central bank, if asked what is the underlying asset of a currency today? The short answer is a guarantee from the country's central bank. But their policy is to print so much money just to fill the stomachs of the corruptors because it has been proven that in many countries the distribution of subsidized money does not reach the public. deposit interest that can reach millions of dollars. |
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That's pretty good news if it's a start. $ 250 million is a drop of water for this market. Nothing happens with one drop, we can even pierce the concrete with thousands of them  Well if you had read various aspects of this thread, you would have seen that $250million was the initial purchase that was made by MSTR.. and their subsequent buys of BTC add somewhere in the territory of 2.2 billion in total... And, not just strict buys but other involvements of both MSTR and also their CEO, Michael Saylor in terms of the bitcoin space including his own personal stash of BTC that he had disclosed at some point and also his various efforts to attempt to get other corporate treasuries to follow similar strategies of accumulating BTC with their treasuries.. maybe even some of the ideas and rationale behind buying and HODLing BTC to be rubbing off upon individuals, too. MSTR has recently disclosed that they have more than 92k BTC that were purchased at an average price of more than $24k.. so that adds up to $2.2 billion that they invested into BTC.. and at today's prices their approximate current BTC stash is now valued at somewhere in the ballpark of more than $3.5 billion.. which would be 92,000 multiplied by $38,600... which yeah, surely is no drop of water.. and it adds up to some real value stashed away in BTC... and the story of MSTR and Michael Saylor's involvement is not going away and is not merely a product of a few actions, but several creative efforts that go beyond the parameters of the initial headline of this thread. I have read that in the beginning when MTSR decided to invest in BTC, the CEO willn't sell their BTC for short term and keep them until 100 years. Yesterday my friend sent me the picture which showed the CEO Binance and MTSR will not sell their BTC, why they dont take profit? Then my friend asked me why they will not sell their BTC? First, I answered that maybe because they are the main person behind crypto project. After that the conclusion of our discussion is BTC with promising potential can be used as collateral to borrow fresh money in business operational activities. On the other hand, BTC is also a guarantee that they can keep it. Guarantee plus investment, isn't that a genius idea from this business leader? |
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If you study the market and cryptocurrency, it is normal for it to undergo a bearish market.
You just need to understand that market is volatile and there are other cryptocurrencies which are profitable than bitcoin.
Some people are just holding until they see the market go bullish again but we don't know when that will happen.
Even if people do understand that the market enters the bear market, they will still do the same thing because not everyone has a strong hands when it comes to hodling and waiting for the bear market to end. There are different perspectives in terms of keeping your assets and wait for the situation to go back, people thinks differently, and the most usually failed and make ahuge mistakes of selling out with huge losses as they are losing faith with their decisions in taking their money to this investment venue. Or better yet, every crypto holder has their own necessities. We can't say, someone has weak hands if he needs to sell his portfolio because of urgent financial matters. Does he need to hold his portfolio even if we say he badly needed the cash? I don't think so. So with varying needs of every holder, they will have different approach on holding their coins. But if you can hold and you have no urgency, that would be better. At least, you can think of ways how to cut losses or gain profits. Another reason why they cant hold when the market was bearish because they have not cash to buy at the dip and do average down for their portfolio. For me, If I dont have money to do average down then I sell it for reduce the losses. Is there another strategy? They sell their crypto because they bought at the top with FOMO, so when the market down they are not ready to face the losses, and dont have enough money. |
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But assume that some protocols aren't really applicable to everyone because some people work really hard to make money so they can eat. That was also my recent rant, that we should follow the protocols so that cases can be reduced, but I realized that some people are really trying their hardest to survive. The best thing to do in this situation is to implement a massive vaccination program in the country so that the spread of the disease throughout the world can be stopped right away. IMO, that's the only way to kill the virus, I hope the government should listen to their people and implement vaccination now.
Lockdown restrictions need to be followed by everyone. If there is some relaxation given to daily wage workers, then it will result in massive misuse. Because a large part of the Indian population consists of such workers. And this time the lockdown was not announced for several months. It was supposed to remain in place just for a few weeks. So everyone needs to stay at home, whether he is a daily wage worker or a more formal employee. I am against giving any sort of relaxation to anyone. Dont you think about the seller in the traditional market? They ignore every restriction that have been regulated by the government. They cant be at home and follow the lockdown, because they have to fulfill their basic needs by working at the market and because of them, the supply for foods is safe. In the traditional market, the crowded situation can't be avoid. They dont use mask or anything else, because in their mind money is everything. They have to earn money for their life. |
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Sepertinya ICDX bukan merupakan bursa kripto kedua om tetapi kripto bagian dari yang diperjual belikannya dari seluruh komoditi yang terdaftar di Indonesia. Dengan kata lain bergerak dalam pasar berjangka komoditi umum. Maka dari itu dibentuklaa khusus untuk digital aset sehingga bursa kripto pertama dan satu satunya adalah DFX ini, karena nantinya ICH dan ICDX akan bergabung sebagai anggota komite DFX. Sepemahaman ane DFX ini akan menjadi bursa aset digital pertama indonesia yang akan meregulasi perdagangan berjangka khusus untuk aset digital dengan underlying aset perdagangan yaitu dinamika spot market. Sehingga nantinya 13 exchanger yang telah terdaftar di Bappeti akan bergabung di DFX ini. CMIIW~ ane awalnya bingung sehingga melempar beberapa pertanyaan di forum, namun karena respon om, ane jadi bisa lebih paham untuk membaca lebih lagi hehehe |
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