China is sprinting its testing on the digital yuan. It will not take too long before the digital Yuan is executed and it believes China will become less independent of the US Dollar.

Is this a good thing or will China become even more economically powerful and therefore a threat? https://www.worldcoinindex.com/nl/news/chinese-central-bank-deputy-governor-wants-china-to-accelerate-pboc-rollout
And We already know that China is aiming for global domination specially in terms of economy, and I am sure they are seeing this digital yuan as a possible many tools they can use to entice more countries to go away from the domination of the US Dollar in international commerce. However, many countries right now are also starting to get wary of the intention of China, at least in part this is exposed with the pandemic. Many countries are now starting to resist the influence of China. Many are now seeing that China can be a trap. Personally, I don't see China to be the one to dominate of the vacuum that will be left by USA in the global commerce, that position is reserved for another (still emerging) entity.

Is money the real root of all evil in today's society
Quote
I do not think so, it’s like saying we don’t need money, but money sustains life. It will always depend on how you used your money. There are many meaningful things you can use the money for; e.g., building hospitals, feeding the homeless, building schools, a fund to teach people, charity workhelpingelp technologsupportingort the government in enhancing its citizen's way of living, and other many things you can do with worthwhile money. I have read about “the love of money”, it talks about every behavior of an individual, not money itself that as the source of all different types of evil and distress. Money is ethically neutral; I believe there is naught wrong with money or the ownership of wealth. But, once the money starts to control a person that is when the trouble began. People being controlled by money will feel superior and takes pride in power which leads to greediness and obsessions of an individual. He or She will enjoy the luxury of life, they will use their money to dictate and control other people for his or her will. Money is a necessity that is why people do fraud, insult, kill, and do bad things to have it. Hence, it is not “the money” but “the love of it” that is the root of all evil.

The volatility of bitcoin won't end anytime, I think we have to give more time for more people to appreciate bitcoin and use it in daily business transactions. At the moment, I believe some form of regulation can help make things pretty much more stable than we have at the moment otherwise we shall experience more issues with volatility. The high price volatility of Bitcoin and other decentralized cryptocurrencies will never evaporate. On the perverse, if the expense of cryptocurrency will improve, the volatility will only boost, as the expense spectrum will develop.
As long as the price of cryptocurrency will depend on supply and demand, the high price volatility of cryptocurrency will remain. Still think the ETF funds can solve this problem, or at least will lessen the volatility of Bitcoin. The more control of the market, the less volatility it will be, now we still don't have any rule or laws to govern this market,.
 

Some people say bitcoin is like spiritual assumptions I was reading some Bitcoin stuff online and this headline caught my attention: "Is Bitcoin a religion? If not, it soon could be" I thought to myself that maybe some people indeed Bitcoin functioning like some form of faith while already not believing the current financial and economic set-up established by our government a long time ago.

But honestly, since I have my own religious beliefs too, I can not be easily carried away by any religious and emotional appeals, and I realize that there can be many people like me who might not like the idea of bringing Bitcoin into the religious realm.

Now, bringing into the world said that, do you think there can be advantages to Bitcoin if we start linking it to religious matters?
Or it might be but not the same religion that we commonly know. Religion means the practice of believing in something influential. I assume Bitcoin will be god's in this case. It would be false if idolization is necessary

For those who do not know, the last company (brand) that has determined to accept Bitcoin as a an expenditure method is the Mazzanti supercar brand. I would like to know what you think will be the next brand that will accept Bitcoin to buy their cars, and do not say all at once Lambooo

I say that the next brand to accept Bitcoin will be Pagani What about Tesla and SpaceX? Haha

Pay for Electric cars and ticket to Mars in Bitcoin.

Noticing BTC proceeding down for quite some period now, I presumed people will be withdrawing their assets to shares in other businesses. But it amazed me that BTC is gaining more rage and a multitude of people are still rushing BTC. What is the secret behind BTC?

As NGN done enter binance, anybody join the campaign, abi em be nor get campaign / project. As a stable coin way I sure say em go be, em go affect positively to the growth/development of Nigeria currency or.....?

This 9ja matter self na ooo just dey look this coming election.
I watch one video how dey tak kill local government chairman for ldeatu North imo state wey unknown men kidpan am about 3 to 4 days
dey cum cut him head like cow meat
God help Nigeria we dey ur hand I

Only a fool tests a drive with his two leg
This means - you don't jump straight into a situation without thinking about it first


A roaring lion kills no one
Mean you cannot achieve or gain anything by merely sitting around and just talking about it

Life is like a mist or a shadow, it
Mean- quickly passes by life is too short, and you only live it once.

Story story 😁
Sometimes from morning till night my eye just dey my phone. dey press nd no be say I dey do yahoo self 😭
I fit dey house dey think of post to write or dey think on how to tak reply post not tinx hard pass that one self
for Bitcointalk.org
See mak I tell u something as a Bitcointalker time no dey to check time na fire for fire 🔥
nd for newbies ur eye go see pape u go collect 😁 so newbie mak ur eye shine ooo
and cum u self fit add ur own story on how u tak share ur time *SUSANO CARES *

If I may understand your point you want someone to give you a dollar account or wallet?

We know the US dollar is the world-accepted banknote and can be used as a medium of trade.  In the crypto world, Bitcoin is the most popular and the highest-received currency with incredible value. Different nations have authorized bitcoin for transactions and multiple of them are sentiments. Its approval is slowly expanding day by day. Do you think bitcoin will be the commander of the world’s currency market like the US dollar in destiny?

I saw this news and it got me thinking if the growth of Bitcoin in the United States is gonna be hindered since the government plans on introducing the digital dollar. Though I've no idea how it's gonna work.

Quote from:  copied from https://www.msn.com/en-us/money/markets/president-biden-gives-crypto-a-bitter-taste-of-what-lies-ahead/ar-AA1207rp
The White House is urging the Federal Reserve to explore the launch of a digital dollar, or Central Bank Digital Currency, which would be controlled by the Fed. This identical digital twin of the dollar would be entirely regulated.

A U.S. digital dollar "facilitates faster cross-border transactions and is environmentally endurable," the Biden government explained. "It could facilitate financial inclusion and equity by enabling access for a broad set of consumers."

It could also "protect against cyberbullying and operational risks, safeguard the privacy of sensitive data, and minimize risks of illicit financial transactions."

In addition, the White House believes a U.S. digital dollar "could also help preserve U.S. global financial leadership, and support the effectiveness of embargoes."


I don't think this will be that much of an issue since the so-called "Digital Dollar" is still gonna be governed by the Federal Government which makes it not decentralized, unlike Bitcoin.

But what do you guess?

There are a bunch of preconceived ideas about the aspects or justifications that affect the price of Bitcoin. I will give you some illustrations: Contest; Cost of production; Supply and Demand; Restrictions and Legal Matters etc.


In your statement or ideas, what are the elements that can influence the price of bitcoin?

Which is the best?  Trading on bitcoin or investing in the stock market? The battle between short period earning and long-term earning. Share your thought about it.

Just how bad is the bear market right currently?
Historically low expenses have survived for a longer period in the present bear market cycle than in any other.
The leading cryptocurrency, Bitcoin, has been in a freefall since January 2021, when it hit a high of $69,000. A maximum unrealized failure of 75% from the all-time high was sustained by long-term investors as BTC fell to $17,000 midway through the year. An important indicator of the true worth of one's Bitcoin assets is the net unrealized profit or loss (NUPL).

Is the Current Bitcoin Bear Market That Bad?
At its present NUPL value, the Bitcoin network is experiencing a loss. A review by CoinGabbar indicates that there is still room for maximal BTC investment at this time. In contrast, it appears that institutional investors are not actively buying up Bitcoin. Compared to the Bitcoin lows in July 2022, the present loss condition is significantly better.

Bitcoin has been on a downward trend recently. The cryptocurrency market hit a three-month low of $18,432 earlier this week. CoinGabbar reports that the current price of Bitcoin (BTC) is $18,930, down 3.21% in the previous 24 hours. Since its price dropped recently, Bitcoin's share of the cryptocurrency market has shrunk. This means that Bitcoin now accounts for 41.02% of the total market cap of all cryptocurrencies.

Institutional Investors Have Little Faith
Grayscale, a company that manages bitcoin assets, has noticed a decrease in its Bitcoin volumes. What this says is that institutional investors are not optimistic. The largest institutional investor in Bitcoin, Microstrategy, has increased its holdings. According to their most recent SEC filing, the firm has spent $6 million for Bitcoin at a price of approximately $19,851 per token. Together with its affiliates, Microstrategy now governs over 130,000 BTC.
 Logged

Within a few years, a younger generation of financial services customers is going to be able to walk into a bank and gain access to credit products, savings accounts, and investments that can host both cryptocurrency and fiat purchases. The inroads that will permit all of this to happen are already smashing the ground.
...
Clients will soon clarify a “full assistance” bank as one that proposes economic services in both crypto and fiat. The period to start cultivating the essential devices for the crypto banking trade is right now. Banks need to start adapting or get left behind. Make no mistake about it."

Article: Crypto banks are going to swallow fiat banks in 3 years — or even less

What do you think about this topic, whether cryptocurrency banks can face off and soon replace traditional banks in the fate? I think this is tricky to occur because the current number of crypto banks is very tolerable described to the number of traditional banks. Even in the most optimistic scenario possible, if banks around the globe implement an efficient method of transaction (maybe Ripple), they will only accept stable coin rotation or CBDC to be able to Compliance with the monetary regulations of governments.

Stablecoins are cryptocurrencies that have a durable price against the otherwise volatile nature of regular cryptocurrencies,

Stablecoins were created as a possible solution to the volatility problem of cryptocurrencies. As you may know, cryptocurrencies are extremely volatile in terms of price movement and behavior.

This is because the values of cryptocurrencies such as bitcoin and ETH are not backed by any real assets, which means this is virtual money managed by people and not by the government or central banks.

This allows the price of many cryptocurrencies to fluctuate abruptly and unexpectedly, which can be a major problem for both investors and those looking to make cryptocurrencies mainstream.

To deal with the volatility problem of cryptocurrencies, stablecoins were created.

What’s a stablecoin?
A stablecoin is a special type of cryptocurrency that has its value pegged with a real asset or currency. It can be the dollar or any other fiat currency or even a commodity like gold that can be used to represent the value of a stablecoin. The idea is to bring stability to the movements of an otherwise volatile crypto market.

Stablecoins act as a kind of bridge between fiat currencies and cryptocurrencies, providing fiat stability to the crypto market while maintaining the high utility and mobility of digital currencies.

Because the value of a stablecoin is directly based on a stable asset such as the dollar or gold or another stablecoin, it is highly likely to maintain a stable price, which makes it suitable for a wide range of uses in the world.

How does a stablecoin work?
Stablecoins were created on the concept of building price stability directly into the asset itself. Here’s how it works.

To make a cryptocurrency stable, the only way was to stabilize its price, which will only be possible if the token’s price is backed by a stable asset.

To make this happen, a new type of cryptocurrency was created whose price is inherently pegged to the value of a real-world asset.

Stablecoins are meant to extend the benefits of the crypto industry to the masses while maintaining stability in the price of digital assets.

Stablecoins can be used for a host of applications and can be represented by all kinds of real assets, including stocks.

Reflection stablecoin, for example, gets its value from stock tokens, which are a type of crypto token that gets its value from the shares of stocks of companies listed on traditional stock markets.

The value of the Reflection stablecoin is backed by a combination of other stablecoins such as BUSD and USDC and cash. The Reflection stablecoin provides a means to buy, sell and trade stocks of leading companies across all top stock exchanges in the world through the convenience and security of cryptocurrencies.

All benefits of regular cryptocurrencies, including faster speed, lower transaction fees, programmability, borderless, and transparency, are also enjoyed by stablecoins.

Plus, they get the added benefit of stability in the price, which makes stablecoins suitable for everything from use as a haven asset to real-world payments, settlements, lending, payroll (salary, etc.), escrow, trading, remittance, alternative banking, and decentralized applications.

I have seen a lot of people around me joining due to lack of jobs during the epidemic season, some because the price of btc is very good so they want buy altcoin, a few others came from IEO, etc
And you?
IEO - Staking - DeFi
Thousands of people come to crypto in 2020 because they want to make a profit with DeFi & the staking form of many tokens like ETH & ADA, especially IEOs on Binance with 50% -100% profit has made the whole market warm back after long winter from 2018.

The revolution will be monetized

A picture visualizing the moment Chinese miners left Sichuan has been turned into a digital painting and a Non Fungible Token (NFT) that’s going for 1,024 eth on Opensea, currently worth about $2 million.

The picture was taken by Caixin’s Ding Gang who further shot other moments in May as miners embarked on an exodus following the party’s decision to cut off electricity.


“On May 2, an ethnic Tibetan woman in Sichuan province’s Heishui county holds parts of a cryptocurrency mining machine that was sent from Xinjiang for local installation, including power cords that look like a bouquet of flowers,” says Caixin.

The NFT has the effect of making the moment look like it was taken in the 19th century, so acting as a critique of the Party.

Another image, not NFT-ed, shows two women carrying asics in a back-basket to load them into a truck, so capturing the great mining exodus.


Since then, an editorial has called for China to “declare war on crypto,” but with the hashrate now recovering they may have declared war only on their own people because globally no one cares anymore as the network is unaffected.

The hashrate in USA is also rising with it now accounting for 17% of global mining and growing, so this story is now being NFT-ed into the history books blockchains.