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981  Bitcoin / Bitcoin Discussion / Re: Some Countries living behind their century, taking a back sit on BTC evolution. on: September 16, 2023, 12:09:26 AM
Rather than "more awareness about the benefits of trading with cryptocurrencies", it should plainly be about Bitcoin education for a start. I'm convinced that many people, leaders included, are not into Bitcoin simply because they haven't understood it well enough. The more you understand Bitcoin, the more you want it. Although when it comes to decisions of governments, there will always be a good amount of power play. It's possible the elite bankers and financers could prevail over a pro-Bitcoin president. But it will only be a matter of time before the leadership could no longer resist the demand of the people and be friendly toward Bitcoin.
982  Economy / Economics / Re: On Apple's $200 billion dump and US shooting itself in the foot on: September 15, 2023, 04:42:45 AM
I'm not a fan of both countries, although I tend to hate China more. But I think I'm objective enough to see that the US has indeed been shooting itself in the foot for the past years, even decades. And in so many ways.

People tend to assume, for example, that cheap labor is the only factor that drives companies like Apple away from the US and into China and neighboring countries. It's certainly not.

Both China and the US are bullies not just against other countries but also against their very own people. It's certainly less severe in the US, but that it's done against a people for whom liberty is paramount, it has much more tremendous effects.

Anyway, Apple is more Chinese than American now, so...
983  Bitcoin / Bitcoin Discussion / Re: I took a proposal to my State Governor to accept Bitcoin Technology on: September 15, 2023, 03:34:33 AM
You have exerted so much effort for this. You've done a truly great job!

You seem very ready. You seem to have a complete plan for this already, ahead of its possible approval. I can only hope that the governor will adopt your proposal and roll out a nice implementation approach. This will probably take time and certainly a considerable amount of budget. But we're all rooting for you and your proposal.

I'm wondering, however, why "entrepreneurship/trade subject"? Why not finance or economics subject? Or perhaps information technology subject?
984  Other / Beginners & Help / Re: What did you do After Reaching your Bitcoin Goal? on: September 15, 2023, 02:19:51 AM
I don't know if there's ever an end in our Bitcoin goal? As for me, it seems there's no end goal anymore. You just have to keep stacking Sats. Of course, you will also be spending some of them every now and then, but you will replace them afterward.

I used to have specific goals in the past like reaching a certain amount of coins, but then after that, what? You will continue to add more Sats to it every time you have extra savings. So, perhaps it's better to just remove all those specific goals you have. What's left is the goal to add more.

Why not cash out when the set selling price is met? Then rinse and repeat.  Since the Bitcoin market is cyclical, there is always a window for reaccumulation after selling for profit.  If we look at the ATH of each 4-year cycle, the Bitcoin price always plummets when it enters the bear market.  This is our chance to get Bitcoin at a lower price after we sold our holdings.

Selling our Bitcoin during the bull run and buying during the bear market will not only give us profit but also give us a chance to accumulate more due to the profit after selling our BTC at the target price.

Ever since I switched into cold storage for most of my funds and abandoned all centralized exchanges, I haven't done this anymore. Also, it's actually a lot easier said than done, especially if you're looking at a zoomed-out chart. In reality, it's actually hard to wait for months or even years before you make your next step. And you can still get trapped. I'm speaking of my personal experience at least. Perhaps I'm a little lazy also, staying away from hassles as much as possible. At some point, I just ended up plainly hodling.
985  Economy / Economics / Re: Human Capital, An Intangible Asset for a Company's success. on: September 15, 2023, 01:30:34 AM
I always admire companies and businesses, big and small, that heavily invest in human capital. A happy, healthy, and satisfied worker will always be a lot more productive than a worker who is underpaid, overworked, and is only keeping the job merely for the reason that he/she needs to eat three times a day. That's regardless of working hours.

In reality, big companies are doing it until they need the employees and once there is a way to cut short their expenses on salary, no big company hesitates or is willing to lose their profit instead of firing people so there is always some dark story behind every company we may or may not know.

But as you said if they keep the employees happy the results will be more efficient but I am afraid of what the future holds for us, especially with the development of AI, people are gonna lose their jobs and they have to prepare themselves for it with an alternative revenue stream.

Very true, anyone who has worked for a company knows that in most company they don't really care about heir employee, all they care is profit. Everything that company do for their employee is so their employee can generate much more profit for the company. All those companies will not hesitate to just dump any employee if they aren't considered as profitable anymore. After all, the 'Human Capital' or 'Human Resources' is the easiest resources to be exploited.

Of course, and it's completely understandable. Companies are business entities. They aren't charitable institutions. Their purpose is to make money. If people have a choice whether to work for them or not, they probably won't. But most of us look for a job. We need to earn, and the most common way to do it is to be employed in a company.

But while the ultimate goal of a company in investing in human capital is its profitability, we give credit to those that somehow look after the welfare or well-being of their employees. We take note that we aren't indispensable. Other companies are cruel to their employees. Especially in developing countries, or even in highly developed ones like China, where labor force abounds, many don't care about their employees. They're cheap and are easily replaced.
986  Economy / Gambling discussion / Re: Australia will ban Gambling through credit cards on: September 15, 2023, 01:06:01 AM
But this is still a bill, right? So it has yet to be voted upon before possibly becoming a law? It's also possible that this won't prosper and fail to become a law. The article seems to talk about something that is about to be implemented.

Anyway, I am strongly in favor of this. We have always been saying over and over again not to borrow to invest. If that is a wise advice, then it is indeed a wiser advice not to gamble with borrowed money. A gambler will have to find ways to play with money that he/she owns. Playing, and most probably losing, money that is borrowed will only drown a gambler in debt.

It is a bill and it is possible that it might not become a law or become a law. The bill is only focused on online gambling and digital currency. It does not say anything about offline gambling. If you want to pass a law then pass it fairly, which is not happening in this case. I too agree with your point that gambling with loaned money is not advisable. Which is morally right but a gambler would feed his addiction by any method. This is a good law to stop such gambling but it has to be done in the right way.

There is no need for this particular bill to include land-based gambling because "[c]redit cards are already prohibited from “land-based” wagering." That's stated in the article. In other words, if we are to take into consideration this existing law, there is high probability that this current bill which seeks to ban the use of credit cards in online gambling will also be passed and signed into law.

How is the process not fair or proper, by the way?
987  Economy / Service Discussion / Re: Swan Bitcoin's custodian acquired by Ripple on: September 14, 2023, 03:52:53 AM
@mk4. Yes, Cory needs to change custodians or he needs to spend many hours deleting his tweets where he said that Ripple is a scam and Chris Larsen and Brad Garlichouse is a scammer hehe.

LOL! He's got no choice. It's either Swan will change custodian or Cory stops hitting Ripple and its people. He doesn't have to delete all his past tweets against Ripple, though.

Anyway, what's the fuss about this? Even if Fortress Trust were owned by Cory, is it unimaginable that he sold it to the very company he repeatedly labeled a scam? What if Cory's Swan sticks with Fortress? Would it be a surprise? Is it shocking that this man has double standards?
988  Economy / Exchanges / Re: Huobi global rebranded name to HTX on: September 14, 2023, 02:50:51 AM
I suspect this is a brainchild of Justin Sun. He must have thought this is a brilliant idea. This man really doesn't run out of ideas to make a joke of himself and the things he's involved in.

Why do they have to rebrand Huobi when everything seems to be running smoothly, with the name gaining recognition and following all over the world? And of all names, HTX? Really? And especially at this time when the FTX fiasco isn't over yet?

And what's this "commitment to being all in TRON"? If I'm not mistaken, even Huobi's native currency is built on Ethereum. And it's an exchange, why "all in TRON"? All kinds of coins on different networks and tokens are all there.
989  Bitcoin / Bitcoin Discussion / Re: Bitcoin kwoledge is not complete without bitcoin investment on: September 14, 2023, 02:02:30 AM
Congratulations for reaching this milestone! I guess you're doing good so far. Now that you have your coins, you can be more confident about sharing your Bitcoin knowledge because you have experienced it yourself. It's hard to share knowledge and give pieces of advice to others if you have yet to try it yourself.

Anyway, the Electrum wallet doesn't "allow you to double spend." LOL! I guess you're referring to its RBF feature. That's simply replacing a low-fee version of a transaction that is yet to be confirmed with a higher fee, but you cannot do this to a transaction that is already confirmed. Double-spending can't be done with Bitcoin.
990  Economy / Exchanges / Re: Heartwarming as Binance donates $3 Million in BNB to it's users in Morocco on: September 14, 2023, 01:06:14 AM
Sincerely speaking i don't know the kind of heart CZ has but to me i can classify it to the heart of gold, at this point the most needed time he raise such a huge amount money in bnb to the affected victims is a thing that no one else could thought of although, there may be some other generous giver but since we didn't get the news it may seems nothing was done by others.

I'm not sure about this heart of gold thing, but, first, CZ didn't raise the amount and, second, the money wasn't really distributed to the affected victims. Please refer to hugeblack and noorman0's posts right above you.

How I wish the money was given to organizations, government agencies, or certain efforts that provide direct assistance to those who really need it the most and not only to the verified plus Binance users. In fairness, he'll also be donating money to an authorized NGO but the money will be coming from the proceeds of a public donation drive that he launched. I hope he'll give all the donations away.

Anyway, this is still a good gesture coming from CZ. Props to him for doing this.
991  Economy / Economics / Re: Human Capital, An Intangible Asset for a Company's success. on: September 14, 2023, 12:30:30 AM
I always admire companies and businesses, big and small, that heavily invest in human capital. A happy, healthy, and satisfied worker will always be a lot more productive than a worker who is underpaid, overworked, and is only keeping the job merely for the reason that he/she needs to eat three times a day. That's regardless of working hours.

There have already been numerous studies conducted in many parts of the world, for example, that found out that a 4-day working setup is much better than the usual 5/6-day working setup, not only in terms of the workers' health but even in terms of their productivity. Work-related burnout or stress which affects the workers' health and even personal relationships or social life affect their productivity. They'd be less active, less driven, less critical, and so on.
992  Economy / Gambling discussion / Re: Australia will ban Gambling through credit cards on: September 14, 2023, 12:03:06 AM
But this is still a bill, right? So it has yet to be voted upon before possibly becoming a law? It's also possible that this won't prosper and fail to become a law. The article seems to talk about something that is about to be implemented.

Anyway, I am strongly in favor of this. We have always been saying over and over again not to borrow to invest. If that is a wise advice, then it is indeed a wiser advice not to gamble with borrowed money. A gambler will have to find ways to play with money that he/she owns. Playing, and most probably losing, money that is borrowed will only drown a gambler in debt.
993  Bitcoin / Bitcoin Discussion / Re: How much Bitcoin is needed to buy iPhone 15? on: September 13, 2023, 01:20:15 PM
This is an illustration of the value of hodling and the evil of inflation.
What I see here has nothing to do with inflation, the USD index is holding tight as well. This is a product that the developer sets a price for just like any other new and upgraded product. The manufacturer can set any price that comes to their head for their valuable products.

It's perfect to have ended it at "the value of HODLing of Bitcoin," which is what causes the BTC's huge appreciation against the iPhones' price, not inflation.

In the first place, all those years of hodling would have been for naught had Satoshi not included in Bitcoin's design the formula that limits the maximum supply to only 21 million coins. The price of the latest iPhone model wouldn't have been as low as 0.031BTC today had Satoshi designated himself/herself/themselves or somebody else as a Jerome Powell in the system. The very value of hodling is largely founded upon the fact that Bitcoin's supply cannot be inflated according to the whims of anybody. 
994  Bitcoin / Bitcoin Discussion / Re: How much Bitcoin is needed to buy iPhone 15? on: September 13, 2023, 05:14:52 AM
This is an illustration of the value of hodling and the evil of inflation.

We all know how Bitcoin's price has grown more than 2 billion percent over the years. 1BTC used to be just $0.001. Now it's $26,000. Between $0.001 and $26,000, many supporters and believers sold their coins thinking they have already made money out of it. Little did they know that the price would continue to rise.

The primary reason is that Bitcoin is inflation-proof. With Bitcoin, nobody has the power of the printer. No one can indiscriminately inflate its supply. No president or central bank governor has the power to devalue the currency such that in the Bitcoin standard prices are falling rather than rising.
995  Economy / Exchanges / Re: Coinex hacked, $18M+ stolen on: September 13, 2023, 03:17:07 AM
From the initial $18 million, the estimated amount stolen is now north of $30 million. That's according to a blockchain security firm. Surely, that's not anymore a "very small portion." That's already bigger than their 24-hour volume. Further investigation might still change this number higher.

Even in their statement you can feel a lot of pressure. That's obvious, especially when they say that "We assure all users: your assets are secure and untouched." followed with "Affected parties will receive 100% compensation for any loss due to this breach." LOL! 

Their token has also suffered a double-digit decrease in value. Things don't look good for them.
996  Other / Beginners & Help / Re: Another day to take caution of sim swap attack on: September 13, 2023, 02:12:55 AM
It's a given that everybody shouldn't feel sufficiently safe with just sim or SMS verification or authentication alone, but I think service providers should also be implementing strict measures to prevent sim-swap attacks. Requests for sim change shouldn't be easy. A lot could be compromised simply because of it. This isn't the first time a T-mobile user falls victim to such attack.

If not with an insider, sim swap attacks could also begin by phishing or other ways to obtain personal information. Especially if a sim is already attached to a name, address, and other personal information, it can't easily be stolen. So, it definitely helps if we are also extra careful in giving out our personal details. This includes staying away from centralized platforms which require KYC. If not stolen, personal data could easily be bought or hacked. Or it could leak.
997  Economy / Economics / Re: Economics 101. Stagflation. on: September 13, 2023, 01:27:49 AM
Where I'm from, a stagflation of sorts must have already come. The prices of fuel are rising pretty high and fast. Very basic necessities are getting more and more expensive. Food as basic as rice, onion, tomato, and others are rising in prices inexplicably high.

Although unemployment numbers are improving a bit, investment is plunging. Moreover, debt is rising. Debt-to-GDP ratio is already breaching a level that is worrisome. Economic policies are a bit haphazard. Even the country's top economic managers don't understand where the policies implemented are coming from and how they're crafted.
998  Economy / Service Discussion / Re: where can I make a loan with collateral with small interest on: September 13, 2023, 12:54:15 AM
I don't know of any platform that offers this. Moreover, I don't know where you're from, but it's certainly hard to find a bank, a pawnshop, a lending company, or any financing business anywhere in the world that provides USDT or BTC for a vehicle or a gadget. There might be, but I haven't heard of any so far.

If you really prefer USDT or BTC, why don't you just pawn them in your fiat currency and use the money to purchase USDT or BTC? I guess that's the easiest way to do it. You could even make a good profit out of it considering that the price of Bitcoin right now is low.

Or if you have a circle of crypto friends, somebody might be interested. You might want to make such offer to them. In this forum, I'm afraid you will have to have some other coins to offer as collateral.
999  Economy / Gambling discussion / Re: Big capital, small risk or small capital big risk - which is best approach? on: September 13, 2023, 12:23:37 AM
I'm speaking as far as sports betting is concerned. I don't just place bets. So it doesn't matter whether the player or team I am betting on is the favorite or underdog. I bet mainly because I think the player or the team will win, regardless if a victory is expected or it will come through an upset. Although the odds is a factor, it doesn't determine where to place your bet. I won't bet for Ngannou, for example, simply because his 7.20 odds would give me a big win.

In casino games, however, I can do both. I can roll a dice with just 2% probability but I can also do it with 97% probability.
1000  Economy / Speculation / Re: Key Accelerators to bitcoin bull market on: September 13, 2023, 12:01:07 AM

1.HALVING: it's a period  where investors,earners and miners of Bitcoin  get their rewards  for mining being shared or cut into halves.and this procesd takes place during every four years, so when this is done the market prices for Bitcoin rises and reduce inflation.

I'm pretty sure that halving is the only indicator that can accelerate the bull market. In fact almost every time bull market starts after halving and it gets intense after few month to a year of halving. I believe that this factor plays the most important role in bull market.

I think you're underestimating other very important factors. What's halving, after all, if the people don't even know about Bitcoin? In this sense, Bitcoin awareness or education is more vital.

Also, should we not consider the terrible flaws and failure of fiat? Does it not add to the bullish sentiment of the Bitcoin market that inflation in some countries is out of control and that people are looking for ways to preserve their wealth?

How about institutional adoption? Would you not count the huge amount of money that is in the hands of giant international financial institutions, for example, in the acceleration of the bull market?

All I'm saying is that halving is not "the only indicator that can accelerate the bull market."
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