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1081  Alternate cryptocurrencies / Speculation (Altcoins) / Re: October and December are the months of Crypto ??? on: December 20, 2021, 02:14:28 AM
Do you think October and December are the months of Crypto and BTC?
Definitely November I guess. This year's November turns out to be the best performing month for bitcoin instead of October or December. That happened because the cryptocurrency market is sometimes unpredictable where no one knows what is going to happen in the future. Sometimes bitcoin does the unexpected you just need to have faith in bitcoin. Just invest, HODL, and wait for the right time to sell.    

Usually near the end of the year crypto prices show an increase, but this year is a little different, entering the month of December the price
continued to fall. Maybe this is because when the middle of this year almost all coins experienced a fairly high increase. So near the end of the year,
many people take profit, but surely the market will recover soon. Because we know that the crypto market has dumped several times, but in the end
it can always recover again, even experiencing a fairly high increase after that. I agree with you, we do have to have faith in Bitcoin, that Bitcoin
price will definitely recover and rise again. For altcoins, only holding coins have potential, because not all altcoins prices can recover again.
So be careful investing in altcoins, do research and analysis to choose potential altcoins.
1082  Alternate cryptocurrencies / Altcoin Discussion / Re: Your Altcoin for December ? on: December 19, 2021, 11:11:10 PM
As we know the month of December has always been special for both bull run and bear matket so what's your plan for this December? Which altcoins are you going to invest this month? We need to take calculated risk since the market will either surge to unexpected level or will witness another correction phase or bearish market. I would select ADA as it has lot of potential and will surely trade in double digit.
I have already invested my money in cardano (ADA). It was a family friend that introduced this Cryptocurrency to me.Although I have been hearing about it for long, I didn’t really take any move or had any interest at all, Until he talked to me about it, that was when I picked interest. Before then I have already invested in Ethereum, Solana, and SHIB (which I sold when the hype was over), MATIC, and Binance smart chain (BSC).

These are the few coins that I have in My Portfolio now, apart from Bitcoin. And I am confident that these coins are going to have more value, maybe before the month of December is over.Even if it doesn’t get to happen now, next year is still another opportunity to go for it. Though I’m still looking at the market and if there is any other coin that I feel is good, I might as well invest in it to add to what I have already.

I think all of your coin choices are very good and can generate large profits in the future, except the Shiba Inu it's really not recommended
for investment, but luckily you've sold it. We don't have to worry if by the end of this year the market has not recovered, because there is
still a chance that early next year the market will recover. Because as long as we hold potential coins, we just need to be patient and wait
until the market recovers again. However, the potential coins will always recover, even though the price is currently dumped.
1083  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: December 19, 2021, 09:56:31 PM
Napoli still leading the game with a single goal, after scoring an early goal.
It's simply gonna end like this, they'll do everything possible to get this one.
Lossing two games In a row,this will a better boost for the team.

Napoli desperately needed a win after 3 games before dropping points, and beating AC Milan is a good thing to raise the morale of Napoli players.
And it turns out that Napoli managed to score a goal early in the game, then Napoli can maintain its advantage until the game ends. It's a very good
win for Napoli, meaning they show they are able to compete again in the top board to fight for the Serie A trophy. Moreover, Inter have been outstanding
this season and have been very consistent, so if Napoli want to catch up to Inter's points, Napoli must start playing more consistently. Then for AC Milan
they need to improve their game again, defeat against Napoli could be a lesson for AC Milan to play more disciplined from the start of the match.
1084  Economy / Gambling discussion / Re: Premier League Prediction Thread 2021/2022 on: December 19, 2021, 11:11:13 AM
It's obviously seen how Arsenal are doing very well, toping the headlines week in week out.
Destroyed Leeds united struggling for points by four goals to one.
But the Biq question is how consistent then can from here to the season ends ?
Since they're not in the Champions League.,can they successfully win the premier league ?
I'm seeing the Afcon taking a vital player from them, Sambi can come in replacement for him anyways.
But can Mikel Arteta gets thing's right here, Can Martinelli be the new top notch attacker in the premier league, him scoring back to back will secure a call up for him in the Brazil squad.

Arsenal played amazingly in the last 3 games, even though Arsenal played without Aubameyang, but could show a very good form. Especially when they
beat West Ham, it was a result that surprised many people, because West Ham is known as a giant killer. But Arsenal managed to beat West Ham with
a convincing score, then now Arsenal are playing away against Leeds and are playing very dominant. Arteta can really take advantage of Leeds
weakness, which is play too open, so Arsenal can beat Leeds with a pretty big score. Now Arsenal are in the top 4, finally Arsenal made it into
the Champions League spot, the problem is whether Arsenal can stay in the top 4 until the end of this season. We still have to see a few Arsenal games
ahead, I hope Arsenal can maintain their consistency. Moreover, some of Arsenal's young players played very well, especially Martinelli stole
the attention of many Arsenal supporters.
1085  Economy / Trading Discussion / Re: What do you think about staking? on: December 19, 2021, 04:41:57 AM
In my opinion, I think staking is a very good way to earn passively. Users do not need to spend too much time and effort but can still earn more money, the only thing to do is stake the number of coins/token they want and choose the desired time. However, it is necessary to carefully study and select projects that are good and have potential for future development in order to achieve high profits.
Yes, it's a passive income that one that really uses as another way of gaining wealth and as well as for cryptocurrencies. The more you stake, the more profit that you can make.
It's the logic in staking, you have to invest more so that you can also earn passively a lot. Because if you're just going to invest a few and expect a lot of return, that's not going to happen.
As long as we can find trusted platforms and the right coins for staking, staking is a great way to earn passive income. Especially if we are people who
have a lot of busyness and do not have time to monitor the market, seems like staking is the right choice if we want to earn passive income in
the crypto world. The problem with staking is that the interest given is very low, so to get rich from staking, we must have a large capital.
Therefore, if we only have a small capital, instead of staking, better long-term investment in coins with strong fundamentals is much more profitable.
right, I think the interest in staking is relatively small, so I personally have less interest in staking, even though we get additional tokens, but we can't take profit every time. I think the investment will be better, because the assets are in a private wallet, so the security of our own wallet takes care of it. and I guess it is the safest place for our assets


What are you worried about the security of the platforms we use for staking, it is also my consideration not to staking coins. Although when
compared to participating in a savings program at a bank, it seems that staking coins is much more profitable. But because I know there is
a safer and more profitable way to do it than staking. I prefer not to staking coins right now, after all I also have enough time to be able to
monitor the market every day. So I chose investing and trading for now, and it turned out that my choice was right, I've made a sizable profit
from trading and investing.
1086  Economy / Speculation / Re: Will BTC reach $100,000 in December? on: December 18, 2021, 11:34:21 PM
Because most of my friends believe that BTC reached 100,000 US dollars in December, so I want to discuss whether this is true Grin
In my opinion, the price of bitcoin seems difficult to reach $100k in December because after experiencing a decline in the price of the last few weeks, the price of bitcoin is still not showing a significant increase. Therefore, maybe in December the price of bitcoin will only reach $70k especially now that it has entered the end of 2021.

to reach $70k by the end of the year there seems to be hope, although it is very difficult to happen.
today the price of bitcoin fell back below $50k and I hope that $50k is no longer a resistance line that is difficult for bitcoin to break. if this happens again of course the price of bitcoin will be stuck below $50k for quite a long time and the chance to reach $70k by the end of the year is getting smaller.
By looking at the current situation and by assessing the time that left before December ends, maybe we won't be seen
Bitcoin touching more than $70k not unless big players will come up and start pushing the market up. So far, the pressure.
still on the selling side and even there are holders who continue to strongly holds, fear is starting to draw attention.

Long-term investors can take this situation as good opportunities, while day traders need to assess deeper to avoid
having certain losses.
December 2021 is almost over perhaps we may look for the new bitcoin price all-time high in early 2022, the first quarter. Bitcoin made the last all-time high of ~ $70,000 in mid-November 2021 and now we are in December where many investors are cashing out their investments before holidays. Bitcoin price reaching $100,000 this December is almost impossible because bitcoin price is currently struggling at $50,000.  

Everything you say is true, it's impossible for Bitcoin to hit $100k in December with less than two weeks left. I predict Bitcoin price will still
be below $50k by the end of this year, because it is approaching Christmas and the end of the year most people usually sell some of the crypto
they have for the holidays with family. So it is logically impossible for the price of Bitcoin to suddenly rise in December, if the price of Bitcoin
goes up it will not be too high. So my advice is to forget for a moment the current market conditions, and enjoy the end of this year with our
respective families. Then we will continue trading or investing in early 2022, hopefully in early 2022 Bitcoin can return to the ATH price.
1087  Economy / Economics / Re: Transforming skill to profit. on: December 18, 2021, 10:10:50 PM
The best skill to learn is trading skills.

The fact that we are here in crypto space, we should put more time to learn as that will improve our skills. think of consistency as only skills can bring that to us, making profit is always our goal, but without skills that would not be possible. When you are focus in trading, you have a good chance of improving, and when you improve you'll likely become profitable. Just imagine, if you can be consistent, nothing would stop you as making money here is limitless.
It is a way to maximize our knowledge and by trying trading might not be sure it gives us success or not, but at least, we even try it, who knows?
But actually what we did now in here is something that we make "skill to profit". Yes, it can be limitless as long as you have also unlimited resources, knowledge, and skills. How I wish I could have that... Grin

Anyways, it is something we need to find ourselves where we become comfortable. Trying to maximize our knowledge and skill is great but of course, we don't have to forget about taking care of ourselves then.
Its always good to improve our knowledge and skills the best way we can, but we should also consider ourselves if developing them would mean profitable and can be beneficial not just for our own but definitely for the people around us. Because there are cases wherein you should develop that skills for your own selfish needs, but would mean harmful to others. And that means its very unprofitable.  But when we say profitable, it should not only mean profits or money, but more on very productive on the part of the people around us.

I agree that increasing knowledge and skills is very important to be able to make a profit. But it must be done in a good way and not to harm others.
We must remember that humans are social creatures, so don't be selfish thinking about our own interests, and also be wise to think about other
people too. It's true that we are our top priority, but don't forget the people around us. The ideal is to develop skills to  benefit us and others around
as well. Indeed, the practice is not easy, but it never hurts to try. Because if we can be useful to others, it will be much better than we managed
to generate a lot of profit for ourselves.
1088  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: December 18, 2021, 08:48:19 PM
If Manchester City are really interested in making an offer for Erling Haaland, then they definitely should. They have nothing to lose as long as this transfer doesn't break the financial rule for the Premier League. They are a very rich club now and money is the thing they have the most. They should be able to give what he wants. Maybe Erling Haaland won't even choose them but it's definitely worth a try.

We all know since losing Sergio Aguero Man City lost a real striker, if Man City can sign Erling Haaland, I believe Man City can score more goals.
Because if we look at the Man City game is very beautiful, and almost every game they create tons of chances. So if Man City have real strikers
like Haaland, Man City will be much more perfect and can score more goals. I admit without a real striker Man City won a lot of games, but if Man City
want to bring in Haaland it will make Man City play even more. Moreover, Man City does have strong finances, like it was not difficult for Man City
to convince Haaland to want to join Man City.
1089  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: December 18, 2021, 11:21:21 AM
I think Atalanta vs Roma will be an interesting match! I hope there will be a lot of goals scored by both teams, although Roma haven't been scoring much recently... But I still think they will be able to score to Atalanta!
I also think the Bologna vs Juventus match will see goals scored by both teams...
Maybe I'll try a multi bet on these two matches that both teams will score...

In a few hours, the Atalanta vs Roma match will start, this is one of the most anticipated matches of the week. If we look at Mourinho's strategy
which tends to play defensively and rely on counter-attack to be able to score goals when dealing with strong teams. It looks like your desire
to see lots of goals will not happen, it's clear from the performance of both teams, Atalanta are far superior. I also bet for Atalanta's victory,
I predict Atalanta will play attacking from the start of the match. Then for the Bologna vs Juventus match, Juventus should be able to beat Bologna,
because the quality of Juventus players is much better than Bologna. But Juventus must be careful with Bologna, because Bologna is strong enough
to play at home. Even Lazio and Roma have been beaten by Bologna, but I believe Allegri has prepared a strategy to beat Bologna.
1090  Bitcoin / Bitcoin Discussion / Re: Fear is not Real. on: December 17, 2021, 11:18:04 PM
if fear is not real, then people who loss their money is people who learn a thing and pay with money. and there is no loss in this game, people always gain about two think, profit or experience. no loss money.

i think fear i real, experienced have fear, thats why they dont invest in any place, they think about it, where is safe and profit place.

I think we really need to have fear when investing in Bitcoin. Because it makes us more alert and careful when making decisions. So as you said
our fears, keep us from investing in random places, because we are afraid of experiencing scams if we choose the wrong place to invest. Likewise
when it comes to investing in Bitcoin, our fear will make us think carefully about the risks to be faced. So we are more confident in the decisions
we make, without the fear of the possibility that we will make more mistake. Life must be balanced, we can't be too brave and we shouldn't be
too afraid. Because we were created to be able to feel courage and fear must have a purpose. So use our fears for positive things, so that we can
be wiser in making decisions.
1091  Bitcoin / Bitcoin Discussion / Re: Can Machine Learning truly predict Bitcoin's price? on: December 17, 2021, 09:52:50 PM
The machine can make a Bitcoin price prediction, but not sure how good the accuracy of its prediction is. I mean even an expert is difficult to predict with good accuracy, how can a machine do a better prediction? We must remember that making a price prediction isn't based on the price chart history only, we must learn how the current news about Bitcoin and crypto market. A machine must have some limitations. It may be programmed to predict the next price based on the chart history only, while Bitcoin price doesn't always repeat the same scenario in the past. Sometimes price change is unpredictable and depends on the current news/issues in crypto market. So, I doubt if a machine can predict Bitcoin price properly.


Now many sophisticated machines have sprung up, because technology has developed very rapidly. So I believe machines can predict the price of
Bitcoin, but the problem is that the prediction results can't be 100% accurate. Because it is impossible with volatile Bitcoin price movements there is
a machine that can accurately predict Bitcoin prices. If there was such a machine maybe its creator would not have sold it to anyone else and would
have used it himself. But it is impossible for a machine to predict 100% accurately, because as you said it is not only studying the history of Bitcoin
price movements to be able to predict Bitcoin prices. There are other factors that influence it, moreover all human creations must have limitations.
That's why I never 100% trust trading bots, because it's not easy to predict Bitcoin prices.
1092  Economy / Gambling discussion / Re: Premier League Prediction Thread 2021/2022 on: December 17, 2021, 12:28:45 PM
Chelsea's Werner is now also out because of Corona.  Further infections in the team cannot be ruled out. It will be really interesting to see how this develops in general. Corona could be a factor that shakes up the championship once again.Liverpool and ManCity have come through the fourth wave quite well so far. Manchester United and Tottemham have been hit the hardest.

Many matches in the Premier League have had to be postponed due to COVID-19 which has hit England. This is very detrimental to the club
and also disappointed many fans. The provisions of the Premier League rules postpone the match if one of the clubs that will play has the number of
players under 14 people. The COVID-19 pandemic is spreading very fast in England, if the situation gets out of control it is possible that all Premier
League matches will be temporarily postponed. I as a football fan don't want all Premier League matches to be postponed, I hope the COVID-19
pandemic in England will decrease soon. It's sad to know that Tottenham last played on December 5th, so it's been almost two weeks Tottenham
haven't played again.
1093  Economy / Gambling discussion / Re: ⚽UEFA Champions League Discussion Thread -- Group Stage! on: December 17, 2021, 01:21:55 AM
There are still months to go for the last 16 matchups to be played in the Champions League. And the covid-19 situation is getting heavier in Europe now. Therefore, I think that it is really difficult to comment on the matches. For example, Virgil van Dijk, Fabinho and Curtis Jones tested positive for covid-19 at Liverpool today and they couldn't play in the Newcastle match.

Although the Champions League will take place in February next year, but with COVID-19 again attacking Europa now. This makes us worried that
some players might not be able to play when the Champions League matches return. So it could be a surprise that some of the favorite teams will
lose because some of the main players can't play. As a football fan, I am quite stressed with the pandemic situation with no sign of ending.
The COVID-19 situation with this new variant is spreading very fast. Even some matches in Europa have been postponed. If this continues, it will be
enough to disrupt the match schedule and even affect the outcome of the match.
1094  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Should you sell ethereum and btc to buy Solana/SOL? on: December 16, 2021, 11:19:54 PM
Solana and entherum are wonderful project, one need to consider how these projects will benefit you in one way or the other. One project gass fee is very expensive the other is not.
There’s a lot of things to consider aside from the gas fees and I agree that these two has been a great project but SOL looks more active now based on numbers and the volume of its transactions so for me there’s a high chance for SOL to take its peak price. Though I still prefer ETH so for me, I will hold both of these two great coin but I’m not going to sell my BTC holdings for any altcoins.

Even though Solana is a good and promising project, it doesn't mean we have to sacrifice our ETH and BTC to be able to buy Solana. If indeed
we don't have the money to buy Solana, we don't have to force it to buy Solana. Because after all I think ETH and BTC are better than Solana.
Indeed ETH and BTC have some drawbacks, but it must be admitted that until now ETH and BTC have always been in the top position. So my advice is
to use the extra money we have to buy Solana, don't do anything reckless by selling the ETH and BTC we have. This is why it is important that
we have good knowledge of the crypto world, so that we can make the right decisions.
1095  Alternate cryptocurrencies / Altcoin Discussion / Re: Why projects takes forever to launch? on: December 16, 2021, 10:02:00 PM
the problem is we never know exact what make them failure to launch the project, inside and outside problem can be main reason to hold their process.
this is the common problem for bounty hunter (who wait for the reward) or for investor because the coin not distributed yet, or maybe they already obtain but still hold until they launch it project.
keep in touch is needed, to know development of a project.

Only the project owner and the project team know the real reason why the project is taking so long to launch. In fact, there are many projects that
continue to experience delays for their launch schedules. From my observations, it is possible that fundraising has not been on target, so projects
will take a long time to launch. Because the project owner and the project team also want to make a profit before they launch the project.
What's scary is that scammers sometimes make excuses for delaying launches, in order to cover up their scams. Many new projects have not been
launched for a very long time, and in the end they end up being scams. Finally, investors and bounty hunters  become disadvantaged.
This is the importance of us being careful in choosing projects, doing research and analysis properly to be able to avoid choosing the wrong projects.
1096  Economy / Gambling discussion / Re: Premier League Prediction Thread 2021/2022 on: December 16, 2021, 03:02:59 PM
Arsenal is slowly turning into a serious contender for the Top 4 spot. They were really good against a compact West Ham side and could have won by an even greater margin.

I had United as 4th at the end of the season, I still think they are the favorites to get it, but Arsenal is showing some really strong performances after a horrible start to their season. I said it multiple times already - I like the way they have been building in the last few years.
We know Chelsea had a hard time against West Ham last week and Arsenal were able to beat it I think Arteta's way now has changed how to improve strategy and also update his squad therefore Arsenal's way is now more aggressive than at the start of the season.
Man United is not too sure that it can last long in the top standings, instead the improvement is more visible at Arsenal and West Ham is slowly starting to decline in performance, of course this is an opportunity for Arsenal and Man United to compete for the top 4 of the EPL.

Some Match day matches are now even more interesting.
Chelsea could be more wary of Everton.

West Ham is really inconsistent in its performance, West Ham can beat Liverpool and Chelsea. But West Ham were beaten by Arsenal, which Arsenal
were beaten by Liverpool and Chelsea. This is football is always full of surprises, but I see Arsenal's form is improving. Arsenal did start the season
very badly and lost against a big team with a big score. But Arsenal can win against mid-table and lower-tier teams, this is enough to make Arsenal
finally enter the top 4. If Arsenal can continue this positive result, it is very possible that Arsenal end the season in the top 4 and can play in
the Champions League next season.

I think for the match Chelsea vs Everton it will not be a surprise, because with Everton's form which was very bad. Chelsea should be able to beat
Everton easily, Chelsea will also definitely try not to lose points again. Because Chelsea do not want the difference in points with Man City and Liverpool
to be further away.
1097  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: December 16, 2021, 10:09:46 AM

As far as I know, Bayern Munich already stated that they were not going to go after the Erling Haaland transfer as they are more than happy about Lewandowski's current performance. Therefore, I think that this news could be just no more than rumours. Otherwise, I really don't understand what they are up to. Maybe they made a statement like that on purpose to finish the deal behind closed doors.
But reportedly now lewandowski has stated that he will look for new adventures at other clubs and he continues to be linked with manchester city and also real madrid, besides that bayern münchen have also confirmed the price of lewandowski if a club wants to buy him for 100 million euros, i think haalaand will Be a good alternative for Bayern Munich if indeed Lewandowski moves to another club later, besides that Dortmund, which has often sold star players, will certainly not hesitate to release Haaland if a big-money offer comes to them.

It makes sense that Robert Lewandowski wants to look for a new challenge, because with Bayern Lewandowski has already won all the trophies.
After all, Bayern in the Bundesliga is indeed too domineering, maybe because of that there are rumors that Robert Lewandowski will move to Man City
or Real Madrid. I think Lewandowski can try a challenge in the Premier League, which is indeed the best football league in Europa right now,
even a lot of strong teams in the Premier League. Problems Bayern want to release Lewandowski at a very high price, it seems very difficult to find
a club that is willing to buy a player who is 33 years old at an expensive price. Because it's a bad investment if a club buys a 33-year-old player
at an expensive price, so my prediction is that Lewandowski will stay with Bayern until his contract runs out. But if there really is a club that dares
to buy Lewandowski at a high price, I agree Haaland is the most appropriate choice as a replacement for Lewandowski, especially since Haaland
already knows the Bundesliga very well. So surely Haaland will adapt more quickly with Bayern.
1098  Economy / Trading Discussion / Re: What do you think about staking? on: December 15, 2021, 10:46:48 PM
~
Yes, it's a passive income that one that really uses as another way of gaining wealth and as well as for cryptocurrencies. The more you stake, the more profit that you can make.
It's the logic in staking, you have to invest more so that you can also earn passively a lot. Because if you're just going to invest a few and expect a lot of return, that's not going to happen.
As long as we can find trusted platforms and the right coins for staking, staking is a great way to earn passive income. Especially if we are people who
have a lot of busyness and do not have time to monitor the market, seems like staking is the right choice if we want to earn passive income in
the crypto world. The problem with staking is that the interest given is very low, so to get rich from staking, we must have a large capital.
Therefore, if we only have a small capital, instead of staking, better long-term investment in coins with strong fundamentals is much more profitable.
About looking for a trusted platform, I do trust those wallets that are offering to stake and they're giving you your private keys. But if that platform you're saying is just another exchange, I won't use to stake on that exchange because they're not giving you the private keys for your coins to stake. The idea of making a profit in staking is that you should really have a greater amount for you to feel the gains because if it's just a couple of bucks and a hundred, you barely feel the profit.

Everyone has their own choice to choose which platforms are considered comfortable and safe for staking. If you are not comfortable using
exchanges, there is no need to force using exchanges, because as you said there are other options. Like using a wallet that allows us to have
private keys, that's the right of each person, not coercion where we have to stake. Every decision we make, we ourselves must be prepared
with all the risks. Regarding the profit we make from staking, it really depends on the amount of capital we have. After all, no matter how big
the capital we use for staking, it will not be as big as the profit we make from investing and trading. Because most platforms that provide
staking services only provide low interest rates, that's why until now I have not been interested in staking coins.
1099  Economy / Speculation / Re: Why the bitcoin market has been dumping so much for months on: December 15, 2021, 08:47:23 PM
I think you should goback and look at the Bitcoin charts for the year 2018 to first half of 2020 to understand what dumping it bear market looks like, last one year has been the best year for crypto and yes we have seen BTC dropping to $29k and again crossing the $60k mark and currently trailing under $50k, these are market corrections and usual fluctuations which shouldn't hamper our decision making or invetsment plan. Market will not go in one direction for a longer period of time so we should be prepared for both in order to benefit from pump as well as dump.

We really have a lot to learn from the history of Bitcoin price movements, therefore we will not be confused by the Bitcoin price which fell quite deep.
Bitcoin has been dumped many times before, and can always recover. So people who always question the reason for the Bitcoin dump, meaning these
people do not understand how Bitcoin works. Even Bitcoin has been in a much deeper dump than it is today. When we decide to invest in Bitcoin,
we must be prepared with all the risks that occur. So it is very important to learn a lot of things first about Bitcoin, before finally deciding to invest
in Bitcoin. So that we are ready to face the very volatile Bitcoin price, and will not panic when the price of Bitcoin dumps.
1100  Economy / Economics / Re: The Danger of Local Economy. on: December 15, 2021, 10:10:43 AM
Crypto assets may displace local currencies as we saw with El Salvador but it will not weaken the local currencies if the government still decide to use their currency besides using crypto. Bitcoin can take over the internet for online transactions besides using existing transactions that people already used. But I still do not see bitcoin as a threat to local currency as long as the government can be wise to treat how to use bitcoin besides their local currency. If they can work together, I am sure that can help the economy of the people and also the country economy.
I think it's too much for the government to see Bitcoin as a threat to the local currency. Because not all areas can be reached by Bitcoin,
and there are also some transactions that are convenient to do in local currency as opposed to using Bitcoin. After all, the local currency is
still very important, after all, the majority of the world's population still believes in fiat compared to Bitcoin. So the collaboration between
local currency and Bitcoin will complement each other, indeed from the beginning Bitcoin was created not to replace fiat, but as an alternative
payment that can facilitate human life. I also really hope the government can be open-minded and treat Bitcoin more wisely, so many people
will receive the benefits and the country's economy should also get better.
We can think like that but unfortunately, we do not know how those people in the government reacted to bitcoin because most of them are old people who do not want to see a change in their places and do not want to lose their power. They do not want to learn about bitcoin and consider that bitcoin can weaken their power to control their economy because it is about personal management of their funds. If the local currency and bitcoin can collaborate and help their people, that can give more chances for their people to have a better life and the government can still watch their transactions from the banks. Yes, it needs an open-minded from them and how they can be wise to treat bitcoin.

What you're saying makes a lot of sense, it is a fact that the majority of countries in the world are governed by old people who do not want any
change. Unlike El Salvador, which has a young president, hence the government of El Salvador made a very bold decision. By legalizing Bitcoin as
a legal tender and not necessarily dare to be done by big countries. So it is indeed very difficult and may take time to awaken the majority of
countries in the world to support Bitcoin. Maybe if the country of El Salvador experienced a drastic economic increase it could make other countries
no longer consider Bitcoin as a threat. So for now we as Bitcoin supporters have to be patient to see Bitcoin legalized in many countries.
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