The founder of financial tech company Block Inc., Jack Dorsey announced he is collaborating with the rapper Jay-Z by launching a Bitcoin Academy in Brooklyn. The Bitcoin Academy’s mission aims to empower and provide education to the region. The project’s website further details that residents of Marcy House, located in Brooklyn, New York will be eligible for free courses and other benefits like internet data plans. I think this is the motivation we need to help create awareness in their various countries and educate our people on the benefits of cryptocurrencies. Thoughts?
https://news.bitcoin.com/education-is-power-jack-dorsey-and-jay-z-launch-a-bitcoin-academy-in-brooklyn/?webview=1 That's a good news for the community as this means wider Availability of knowledge among people. Also this will make the knowledge in cryptospace slightly more organized and institutionalized. Till now the knowledge has only been in informal way. This will obviously bring in good projects which provide better solutions using the blochchain technology as a whole |
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As we all know the BTC narrative is that it is protection against inflationary FIAT currencies worldwide. Granted since it's inception inflation has not been spiraling out of control but it sure is now!
It is puzzling to me that the bulls are not stepping in scooping up more BTC at this price. Is it because no one wants to go first? I would have thought there would be some coordination between a few of them it will start the mother of all bull cycles but it seems no one is prepared to get the ball rolling.
Maybe yes, i was just reading a post today some time back which stated that how market fell after the recent inflation report from Fed. But it's equally ironic to think that people might use bitcoin as a hedge against inflation. Why would you want to risk 30-40% of your capital just to beat 7-8% of inflation each year? Doesn't makes any sense at all to me atleast, if someone wants to actually invest in bitcoin only then he will bring his money in not to beat 6-7% inflation. |
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Today I had a meeting with a friend of mine who teaches economics at university.
He believes when the inflation rate rises that's profitable to take a loan even with high interest to buy other assets such as gold, bitcoin, and even real estate. On one side of this theory, we usually suggest people never invest money that they can't afford to lose and don't invest the money that does not belong to them for many reasons. These are golden tips and useful in any market.
But the question is what if you do not own enough money for investing? can you take a loan and invest?
Because if you look deeply into charts of inflation rates in most the countries you can easily understand taking loans even with high interests could be useful and profitable.
Personally, I don't suggest doing this because using other people's money will put me under stress and this can have negative effects on my decisions. What do you think?
I don't understand what is the logic behind this? The basic mathematics is that you have to invest in any asset which will give you a better interest rate than what you are paying for your loan or borrowing only then it can be said that it's profitable otherwise you are just struggling to pay interest, second thing here will be the cash flow loan interest generally you have to pay in cash while returns on investment you might not get in cash those will be reinvested. So this is financially wrong, also in times of high inflation you will find interest rates are also pretty exorbitant so technically makes no sense to do this. Profit wise then we do know the benefits or advantage thats why some people do really take risk on getting a loan because they do know those probabilities but considering yourself putting some funds or investment in crypto which wont really make out any assurance of profits but once it does then we know that it could give out those enormous profits which is something that you cant find on any investment or to those typical. Its not that recommended on taking up some loan but there are instances or situations which there are exemptions or does really need such action. I don't agree with you one this. Infact if you see in longer term Cryptos has always assured you profit (obviously if you were wise enough to keep everything in safe coins and not shitcoins). So this is assured that you will repay the loan and end up in profit. The only doubt is the cash flow. You might have to repay the loan at a time when there is market collapse, not to forget regular interest payments are due which you obviously won't be able to pay in bearish times. |
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Even though I know all the economic indicators are signalling towards an economic squeeze I doubt that there will actually be one. Prime reason for that is because generally when a news about a recession is so public in news everywhere there generally is no recession coming in because people will invest carefully after reading these news and big whales don't really want this. When there is a hurricane coming by the news will be, market will recover from here, good times about to come and such positive news. If you see the past trends of depressions this has been a trend always.
Don't be so sure that it won't haapen. There are already some companies, like Tesla, that have announced that they are laying off 10% of their work-force this year. Coinbase has started rescinding those applications that have already been approved/accepted. Recession is merely starting ser. The Fed will keep tightening, raise rates, and shrink their balance sheet until something breaks before they start easing again, lowering rates, and expand the balance sheet. I understand that all the macroeconomic factors are indicating a recession but my point is that generally there is a silence before a big thunder, I can't see that silence around right now, tell me one time in history when there was a expected recession? People were dancing in 2008 before the housing market collapse kicked in. Nowhere was this being mentioned that market is fragile and macro factors indicate bearishness. I understand that today information transmission is easier but still I feel you need a lot of longs to be opened before you can do the big short. |
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Economically recession is defined as a period of degrowth in the economy where the available money in hands of people is too high but yet the overall GDP is falling because of lower consumption. Dip or crash is something when stock market is lower, but this type of situation doesn't necessarily signify a recession. We have seen a lot of stock market dips yet no major recessions. Recessions generally kick in when some big firm with tons of employees goes bankrupt and kick starts the process of low income in hands of individuals. |
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Technically btc should go up with news linked to inflations in fiat markets because logically Bitcoin's point becomes stronger with every bit of depriciation in dollar. I think this was just a market reaction to the news immediately overall this will should give green signs in bitcoin as this is an absolutely positive news. If anyone has another point how these can be connected please do tell.
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Even though I know all the economic indicators are signalling towards an economic squeeze I doubt that there will actually be one. Prime reason for that is because generally when a news about a recession is so public in news everywhere there generally is no recession coming in because people will invest carefully after reading these news and big whales don't really want this. When there is a hurricane coming by the news will be, market will recover from here, good times about to come and such positive news. If you see the past trends of depressions this has been a trend always.
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South Africa scored 126 runs in 13 overs. They lost three wickets. Dussen and Miller, now at the crease, are very experienced players for the T-20 format. 86 runs needed to win from 42 balls. If Miller and Dussen can stay at the crease then I still think South Africa can win the match. But if these two players are out in the next 2-3 overs, the match will be completely controlled by India.
Miller and Dussen has finished the game in their style. Miller showed his killer performance from the beginning, and Dussen played slowly to save the wickets. Eventually Dussen played a magnificent innings. He was at 30 runs from 32 balls after the end of 16th over. Then he showed his power from the start of 17th over and scored 75 runs from 46 balls. India has poor record in T20 against South Africa in their home ground. They lost 4 matches and won 1 match only in their home ground in T20. This was really terrific from South Africa, not only because they won this match by chasing a good total but also because they still had 5 balls in hand and had just lost 3 wickets which means this match was like a cakewalk win for them. I understand that we are playing with Rohit, Rahul, Kohli and Bumrah not in the squad but still this is the best team India has and these players were star performer in IPL. Looks like South African players have got better hold of Indian conditions after the IPL. |
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I don't know which world is he living in? People prefer bitcoin primarily because of two reasons, one is that it gives you that edge with anonymity and you are difficult to be in radar of governments around the world if you use Cryptos while the second set of people use it for capital gains they think it's value will always keep on rising, CBDC doesn't offer you any benefit out of these two then why would anyone think that CBDC can wipe out Cryptocurrencies? Comparing bitcoin with UPI is sheer stupidity.
They are still living in the stone age in my opinion. They could have made India the most happening place for blockchain and cryptocurrency but they choose not to do so. In these critical times when you are surrounded by failing countries, they could have taken a step further in boosting the economy by accepting cryptocurrency as a part of the new-age tech revolution and implementing proper regulations as well as taxation systems. Such an attitude was accepted by the banks and their governing body. To be honest I don't blame India for being laggard to support Cryptocurrencies, no big country in the world really did this so you have to maintain that stance on international level as well to save your place in global economics. But yes it's equally true that no big country has taken such harsh steps to curb Bitcoins or Cryptocurrencies usage except China, so what government is doing is obviously stupidity. I am not expecting them to accept crypto as a currency obviously, but I am also not expecting them to curb it's usage as an asset as well. |
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Today I had a meeting with a friend of mine who teaches economics at university.
He believes when the inflation rate rises that's profitable to take a loan even with high interest to buy other assets such as gold, bitcoin, and even real estate. On one side of this theory, we usually suggest people never invest money that they can't afford to lose and don't invest the money that does not belong to them for many reasons. These are golden tips and useful in any market.
But the question is what if you do not own enough money for investing? can you take a loan and invest?
Because if you look deeply into charts of inflation rates in most the countries you can easily understand taking loans even with high interests could be useful and profitable.
Personally, I don't suggest doing this because using other people's money will put me under stress and this can have negative effects on my decisions. What do you think?
I don't understand what is the logic behind this? The basic mathematics is that you have to invest in any asset which will give you a better interest rate than what you are paying for your loan or borrowing only then it can be said that it's profitable otherwise you are just struggling to pay interest, second thing here will be the cash flow loan interest generally you have to pay in cash while returns on investment you might not get in cash those will be reinvested. So this is financially wrong, also in times of high inflation you will find interest rates are also pretty exorbitant so technically makes no sense to do this. |
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SEC has done more harm than good to the blockchain industry to be very honest. From time to time it has brought in news like banning bitcoin or Cryptos which has really taken away money from lots of investors who sold their holdings in FUD. It's true that more or less SEC has brought in some regulation into the picture by slowly probing into whatever is happening in the crypto world but I think until now they should have already brought in a good legislation which unfortunately they haven't , so really they haven't made a big impact on crypto industry. |
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why can't religion reduce the rate of crimes in our society?
Religion: I believe religion is a practice that teaches ways of good conducts and we all tend to found ourselves in a religion. I'm so sure all religion talks about good that leads man to the right track, correction from evil, love for one another, peace. But we still come across killings and all sort of different crimes in our society. If the society should practice our individual religion which they tend to belong, i feel the world would be a better place for mankind
Religion is nothing but a practice that creates a sense of community and belongingness in people. It was just designed to collect people in a group and ensure that they would treat each other as a friend and won't kill and eat each other but that survival of the fittest theory is still grown deep inside human mind which actually makes religion preachings useless which is why crimes still happen there is nothing like evil anywhere it's just human showing the true colours which is the one having the power will always supress the less powerful one. |
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All thanks to Root and Potts the English side one the first test out of three. Newzealand lost the match because of poor batting. I never expected them to get wiped out by just getting a lead of 277 runs. These two Mitchell and Blundell were batting so good that I assumed they will stay on the pitch the next day till they both help Newzealand getting a good lead of more than 300 runs. They lost because the batters were not able to handle the pitch. Looking forward to the next test match.
Joe Root really deserves the credit for this victory. But New Zealand hasn't lost the match for their poor batting performance. The pitch wasn't friendly for batting. And new ball was helping the fast bowlers to make the swing perfectly. We have also seen the collapse of England batting lineup in the first innings. Day 4 started with the old ball. As a result, the fast bowlers weren't able to make much variance in their bowling. A new ball could have changed the game. England lost their first 4 wickets quickly in the second innings. Then they turned the game on their favour with the batting performance of Joe Root and Ben Stokes. I was rooting for the Kiwis throughout this test match because it's more fun when BIG-3 lose the match due to meltdown. Having said that, Rooty is continuing with his dream form, youngest guy to reach 10k runs along with Cook is not easy feat in any way, although Poms play tons of Test match every year so it's manageable for talented ones. I used to criticise him a lot due to his conversion rate but after so many years this guy is going strong and i wish he continue to serve the test cricket for at least next 3-4 years. I think Root is one batsman from England who has really played consistently for the team without being dropped or anything. If you see English cricket history there have been a lot of good batsmen but all of them had been great for just some time in their career but Root who is barely 31 at this point in time can really become an English Legend, having Said that I doubt NZ gave a tough competition to Eng it was just Root who made them Win |
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I don't know which world is he living in? People prefer bitcoin primarily because of two reasons, one is that it gives you that edge with anonymity and you are difficult to be in radar of governments around the world if you use Cryptos while the second set of people use it for capital gains they think it's value will always keep on rising, CBDC doesn't offer you any benefit out of these two then why would anyone think that CBDC can wipe out Cryptocurrencies? Comparing bitcoin with UPI is sheer stupidity.
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It's obvious that crashes are undoubtedly the best time to be rich. Because crashes give you that opportunity to buy some great assets at heavy discounts, I would say crashes are nothing but Season sales which offer you merchandise at cheap rates only that these assets will reap you great benefits once the bull run kicks in. But the only problem why most people can't take benefit of this is because they feel these bear runs will never end they think market will go on to crash and will never ever recover and this panic is actually created by various people around them, if you make yourself confident enough that market will rise once again you will always invest heavily in bear markets.
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No matter how much arguments you put in favour of bitcoin as a proof of stake everything would end at just one argument which is that a person having higher captial will be able to control the whole Staking segment compared to someone who doesn't have that much. Some might argue that in POW person having more money can put up larger hardware but the thing is that price of hardware won't fluctuate that much in a matter of 5 years if a person puts up mine 5 years later he will still get it at the same price and better technology same can't be said true for staking though.
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I recently found this address: https://mempool.space/de/address/1111111111111111111114oLvT2 I researched it and I found out that it is used as a proof of burn address. What are your thoughts of it? In my opinion it does not make sense, since the value is destroyed and not transferred to the other project even if it might seem like it in the first place. Also there could be an option built into the bitcoin network to burn coins, but actually insert them into blocks to be redistributed to the miners. What are your thoughts on this? Generally all the chains use such kind of addresses to burn their coins, obviously this is not a very full proof idea but the problem is that cryptos work on proof of work or proof of stake so which means something which has POW or POS has come into existence now you cannot remove that PoW done for that crypto which is why we say Cryptos are not imaginary money. Now because that POW cannot be destroyed you cannot burn the coin in any other manner you just treat it in such a way that it is removed from circulation. |
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Usually, first-time crypto investors focus on entering the crypto market. But it is important for beginners to know how to exit the crypto market to take the maximum profit or save money. Common strategies that beginners can use without specific knowledge are: - A price target
Dividing coins
Dollar-cost average
Exit by return
Exit by cycle
There is more detailed info about exit strategies https://www.linkedin.com/pulse/crypto-exit-strategies-evbblock/Do you know other strategies? This is the least talked about topic in cryptospace for sure. Whenever you will ask someone when to enter there are more than hundred strategies to name but whenever someone tells you when to exit there is barely a strategy to name all you are told to do is HODL but question is until when. I feel best strategy for crypto space is to wait for next bull run and all time high and let price go 50-60% above that and now start selling in different portions with some percentage in each time sort of a dollar cost exit. |
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We started reading more reports that talk about the possibility of a global food crisis, especially in poor countries. Supply chain problems, war, inflation, fertilizers will set fire to the already high food prices. What can the average middle-class person do to protect themselves from food problems? Will buying more food and storing it solve the problem, or trying to start farming or investing and trying to increase his money to buy food at any price? Or what? An average JOE will undoubtedly the one who will be most affected by this type of situation, he will not only be seeing squeezing in his income but will also see the expenses rising due to disrupted supply chains, the only way to treat this is by either creating the goods yourself or having direct contacts with someone pretty up in the supply chain. Due to obvious reasons you can't produce everything yourself so I would suggest make some contacts with people make some self help groups where people could help each other in these situations this is the only way how one average JOE can survive by being with other average JOE and being together as a team. |
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I've read a few articles explaining that a food crisis is coming, I want to tell you something about it. There will be no food crisis for me.
Price of pasta, price of cooking oil, rice or meat will increase 20%? 30%?
That's all right. I don't care much. I can handle it, just like most people in developed countries. We don't spend much on food, increasing that budget by a third is perfectly fine.
The problem will be with the poor countries, but I wonder: is it a problem, or a solution?
There were 100 millions people living in Africa in 1900. Now, there are over 1,500 millions people there. I know that some people live a in a fantasy world thinking that there will be food, jobs, modern housing and all creature comforts for every human, but that won't happen. We live in a finite world, and the population just cannot grow without limit. Number one rule of the world has always been the survival of the fittest...
Very true rule of the world has always been the survival of the fittest. Since ages this has been the truth of nature in this modern age this thing has just got a new definition that's it, now survival is by earning money even in difficult times to support your family or maybe taking advantage of the difficult times in order to become rich. It's true that crisis will definitely come there is no way crisis can be stopped it's always the humans that have to become worthy to face any type of crisis. |
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