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1141  Economy / Economics / Re: Fuel prices hitting an eight year high on: November 01, 2021, 07:14:48 PM
I also read that the rise in fuel prices is coming from the producers being unwilling to increase their production output. For oil producers in the middle east it would be easy to just ramp up production but of course they are not interested. We shouldn't forget that fuel was very cheap over the last 10 years and especially with the pandemic we saw a big drop in demand. The lockdown prevented people from travelling and industrial production also dropped because companies were laying off workers. In the end the oil companies now are very happy with higher prices and will likely not trying to produce more to lower them any time soon. Its all about making more money for them.
Due to the pandemic, fuel prices have recently dropped to a minimum, and now, for the same reason, they have skyrocketed again. I don't see much logic. At the same time, alternative energy sources, and especially solar energy from solar panels, are relatively cheap and environmentally friendly. The problem still exists in the disposal of waste, however, this problem has been solved recently.
If the production of energy from alternative sources is growing very slowly, then these states are not too interested in such energy. There are also forces that lobby for the interests of the use of oil and gas and they pay government officials a lot of money so that changes are not implemented or it happens at a very slow pace.
1142  Bitcoin / Press / Re: [2021-11-01] Bitcoin ‘Moonvember’ begins as data shows November is best month f on: November 01, 2021, 06:16:17 PM
I agree with these statements. The fourth quarter has almost always been very good for cryptocurrency prices to rise. Therefore, I soon expect its significant growth by the end of the year, and maybe after the beginning of the next, as it was in the first and half of the second quarter this year. Now it is also a good situation for this in the international arena. After the ban on mining and cryptocurrency transactions in China, we no longer see any significant negative information regarding cryptocurrency. Therefore, Bitcoin has a good chance to rise in price to $ 100,000 in the near future.
1143  Alternate cryptocurrencies / Altcoin Discussion / Re: The Ethereum price at the end of the October. on: October 31, 2021, 07:45:12 PM
I believe the end of October the price of ethereum is still at its current price and if there is a decrease it will only be a small part. And don't forget one thing, ETH2.0 will be launched soon at the end of the year or early next year, this is just a suggestion from me because I keep it too.
Why guess what the price of ethereum will be at the end of October, if today is the last day of October and we can say that this coin now has a price of $ 4262.
We can also say that the main improvements within ETH-2, namely the transition to the PoS algorithm, are planned for May-June next year. If everything goes well, then in the second half of next year this coin will have a price of at least $ 10,000, if this does not happen even earlier.
1144  Alternate cryptocurrencies / Altcoin Discussion / Re: Investors desire on meme coins are insane on: October 31, 2021, 07:26:13 PM
This is probably what many don't want to hear right now but I'm just trying to share what I've achieved so far since the last three months, I'm made more money from meme coins than every other bigger coins I have in my portfolio, not even BTC and ETH where able to give me that much insane profits in a short term, since I've been here on this forum I've never seen my portfolio surging high like this, meme coins are dangerous but their rewards are insane

Not a financial advice, what have your own experience been like with meme coins?
Investing money in meme coins is a big risk. It's like playing roulette. We do not know when these meme coins can lose almost all of their value in one day. Today you are lucky, and tomorrow you can lose all the money invested in them. I don’t like to risk it this way. Meme coins are now being promoted by influencers, but their price will still drop to a minimum someday. I have no desire to be constantly nervous about such a possible fall.
1145  Economy / Economics / Re: Money and wealth as the major religions in world. on: October 31, 2021, 07:05:59 PM
Money or wealth is the dream destination of many people in the world

Religion is the total believe of a group people on a particular being.
Most or everyone in the world today in which I am included believe in accumulating of wealth and making money.

More than Half of the life span of the human race is centred on making of money or wealth.

Making money legally or illegally, accumulating of wealth is the believe of most people in the world.

I stand to be corrected or cencitize

Your reasoning is not entirely correct. People do not believe in the accumulation of money and wealth, but strive for the accumulation of money and wealth. These are completely different concepts. The implementation of this desire can be both legal and illegal, that is, criminal or at least unethical.
Religion is not a belief in a being, but in a super-being who created both man and the world around him.
Religion and wealth, like a lot of money, have practically nothing in common.
1146  Bitcoin / Bitcoin Discussion / Re: The higher BTC goes, the bigger the risk/reward ratio and the less buyers enter on: October 31, 2021, 06:41:41 PM
I agree with you, because this is not just a guess-it is information that has been confirmed by many experts and actually makes sense. But it seems to me that the biggest issue is precisely the time frame. And no one can say exactly when this is going to happen and what potential will meet our expectations 100%. And yet in theory it is possible to imagine such a situation - that bitcoin at some very unexpected moment, right on the peak can lose its value and collapse sharply at the very moment when people will be celebrating their profits. I do not fully believe and understand such independence of bitcoin and I think that in time it may present not only pleasant surprises.
It is quite logical: the higher the price of bitcoin rises, the less there will be those who want to buy it at a high price precisely because of its high volatility and a relatively low growth rate. With a rise in the price of bitcoin by one hundred or two hundred thousand dollars, there will already be much fewer people who want to buy whole bitcoins or even half of it. For people with an average income, we can only talk about buying a certain amount of satosh. However, they will no longer provide sufficient profit, since Bitcoin is unlikely to increase in price significantly.
On the other hand, if the price of bitcoin periodically falls, even if with each such wave it does not reach the previous level, with its high price, the risk of losing large invested funds will also increase. That is, over time, the financial laws of our physical world will work more intensively. It is in this connection that the price of things of our objective reality, even in a single copy, is never too exorbitant.
We do not know how high the price of bitcoin can rise. However, we know that we live in the physical world, where a high price means either the investment of a large amount of labor, or special labor to create single items.
1147  Alternate cryptocurrencies / Altcoin Discussion / Re: The Ethereum price at the end of the October. on: October 30, 2021, 08:17:57 AM
Hello,
Can anyone predicate the price of the Ethereum at the end of the October? I have a little ETH and I want to know it is better to keep it or exchange it to the Tether!

Thank you.
In my opinion, ethereum coins now need to be held for the long term, because after an update that has been going on for almost a year, the ethereum network will soon be very profitably transformed and will grow in value. Now this coin has almost reached its previous price record. For now, you can use temporary drops in the market to make a profit and buy more ethereum. It makes no sense to simply swap ethereum for a stablecoin right now.
1148  Bitcoin / Bitcoin Discussion / Re: Russia doesn't wants its citizens earning with cryptos on: October 30, 2021, 07:40:48 AM
I was under the impression that Russia is a crypto friendly country but from the above I can see they aren't, why the government trying to be hard on crypto, till now I don't think I have come across news of Russia being negative towards crypto, too bad for btc lovers over there, they will definitely find it difficult to operate crypto.

Russia has never been crypto-friendly. Rather, the Russian government, headed by Putin, never cared about the people, and this was clearly expressed in this interview by the official. Putin is only interested in his own greatness. Previously, he expressed a different attitude towards cryptocurrency, but when it came time to make an appropriate decision in the text of the law, he turned out to be one of the worst ones that were adopted by states. As long as Russia is ruled by the Putin regime, the people will not have the right to freely use cryptocurrency.
1149  Other / Archival / Re: The beginning of the end of traditional payment processors? on: October 30, 2021, 06:51:12 AM
The era of traditional money transfers is coming to an end and this business, if it does not disappear completely, will significantly reduce its influence in the world. Other countries will follow in the wake of El Salvador, and millions of new users will join the ecosystem. What do you think about this?

I think the shift to a cryptocurrency-based payment is still far from a global-scale implementation.

Given the fact that majority of the countries are either third-world or underdeveloped, such implementation would heavily prejudice these countries due to forcing them into a position where payment method would require some sort of technology. Though I can see that the future transactions would heavily depend on the technology behind BTC (blockchain), fiat would still dominate.
It is too early to draw any conclusions about the success of El Salvador in introducing bitcoin as a national means of payment. This requires at least several years, and so far it is only the second month. As long as the price of bitcoin rises, everything will be fine. However, we also need to see how the people and the economy of the country will react when it falls in price.
It is all the more premature to conclude that a successful experiment by El Salvador will have a devastating effect on the existing payment system. Cryptocurrency has a number of advantages, but it also has serious disadvantages.
1150  Alternate cryptocurrencies / Altcoin Discussion / Re: Gearing up for alt season on: October 29, 2021, 08:07:36 PM
Considering that we are in the fourth quarter of the year, and this period has almost always been very good for the growth of prices for cryptocurrency, and that recently we have already seen a good surge in the price of bitcoin, most likely we are on the verge of a new bull run in this market. However, altcoins will grow significantly in price with some delay from bitcoin, which means this will only happen after some time. Last year, the rise in prices also occurred at about the same time. Therefore, this year, too, we need to prepare for such growth.
1151  Economy / Economics / Re: Taiwan invasion - how would it affect bitcoin on: October 29, 2021, 07:44:53 PM
It is unlikely that China will dare to attack Taiwan anytime soon. The United States has already warned that if this happens, they will not leave Taiwan in trouble. Now almost all countries have a lot of problems, and above all, a common problem is the coronavirus. There are many hotbeds of military tension. However, let's imagine that a regional war broke out in this region. How will this affect cryptocurrency? During the hostilities in this region, real estate depreciates, physical money and values ​​become difficult to take out of this region and they also depreciate. The cryptocurrency will be very convenient to invest in it all that will depreciate. In such a situation, it should grow rapidly in value.
1152  Other / Off-topic / Re: Facebook Plan To Rebrand Name To Meta on: October 29, 2021, 07:10:30 PM
 Zuckerberg wants to build his empire again. He has already been given a hand with his Libra once. This is a continuation of the same story. He again wants his Facebook to unite not only the social network but also online games, stablecoin and cryptocurrency. He has already released the Novi wallet and wants to use his Diem stablecoin there. However, five US senators have already sent him a letter demanding that Novi be closed. No, I don't think Zuckerberg will succeed. He may be able to rename Facebook. But not more.
1153  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [Bounty] ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀 35k USD worth of tokens Allocated on: October 27, 2021, 08:18:59 AM
#Proof Of Authentication
Bitcointalk username: Argoo
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1053354
Rank : Full Member
Current Post Count : 2521
BSC address: 0x33fc5780f8C79dA95812667368aBFB5cf269dD74
1154  Alternate cryptocurrencies / Speculation (Altcoins) / Re: is it now when ethereum is down? on: October 23, 2021, 02:24:50 PM
today ethereum is down more than 15%. I wonder why this happened. is it possible because of the high cost of GAS? or for some other reason. I didn't find any news that caused the situation to turn out badly like this. this happened suddenly, is it safe, Will ethereum go back to $400?
I thought that there was an error in the ethereum price in the topic text and instead of the price of this coin at $ 4,000, the price of $ 400 is indicated. However, then I noticed that the topic was created a year ago. That is, the price of ethereum has increased tenfold over the past year. There are a lot of topics on the forum that criticize this coin for its weak growth, although, of course, it falls most of all for its high transaction costs. However, it turns out that a tenfold rise in price over the year is not so bad.
You can also draw a parallel with the recent price of bitcoin. Before the last rise, the current bitcoin price of over $ 61,000 was seen on October 15-17, when the ethereum price was over $ 3,800. Now, when bitcoin, after the growth, again dropped to the same price, ethereum remained at the price level of $ 4,042, that is, it did not fall to the previous price positions.
1155  Alternate cryptocurrencies / Speculation (Altcoins) / Re: When will Ethereum break $5000 mark? on: October 23, 2021, 01:36:08 PM
The way the crypto market is going right now towards the second bull season, It's possible that before the end of this month(October) ethereum will break $5k. The crypto market is flourishing and everyone has been anticipating its ''October, November" bull run when altcoin prices will go like a bat out of hell
It is most likely that ethereum may rise in price to $ 5,000 in the near future as a result of the general growth of the cryptocurrency market. However, bitcoin is now showing very high volatility, either rising in price by several thousand dollars in one day, or dropping to almost the same level. Following it, price trends and altcoins repeat. Ethereum, however, retained more preferred price positions after such a rally.
On its own, ethereum is unlikely to grow significantly now, as the next significant improvement to this network will only happen around May-June of next year, when the network should switch to PoS.
1156  Economy / Economics / Re: Facebook Diem on the run for launch on: October 21, 2021, 07:11:33 AM
We've been hearing that Zuckerberg is gearing up to launch the Libra / Diem stablecoin for several years now. It would be much better if he actually did something already. We also remember what difficulties were previously with the launch of this stablecoin. Regulators have strongly opposed the Facebook and stablecoin merger due to the private concentration of significant confidential information on 5-6 billion people. The finance ministers of the European Union countries stated that they would not allow such a stablecoin to circulate on their territory. At a meeting of the US Congress, Zuckerberg promised that this stablecoin would have nothing to do with Facebook. What has changed now? In my opinion, nothing.
1157  Bitcoin / Bitcoin Discussion / Re: Do you spend your Bitcoin? on: October 20, 2021, 07:01:26 AM
I think that a significant part of those who have bitcoins try to hold them, hoping for their further price growth and large profits, and spend them only when absolutely necessary. So far, this behavior seems logical.
I do not see a particular need to buy bitcoins for fiat and then use them as a means of payment, when not everything can be purchased with them. Bitcoins are either stored or sometimes converted to another cryptocurrency.
1158  Bitcoin / Bitcoin Discussion / Re: Bitcoin > Gold on: October 20, 2021, 06:00:50 AM
The Bitcoin vs gold debate could be approached from different sides. You can look at it in different angles. All I'm saying is that Bitcoin is much better than gold in certain respects as gold is also much better than Bitcoin in others. If we are going to discuss about seizure, Bitcoin is indeed better than gold. But if we talk about certainty that the value won't crash in the next hundreds of years, gold might be better than Bitcoin. We cannot compare the two in its entirety as if they are completely the same.

We also cannot say the value of gold will be more valuable than bitcoin in 100 years. You can say like that because gold is already hundred years age or maybe thousands. But bitcoin age is just under 20 years and it's still developing within year.
In this digital era where people are less meet each other, i think digital assets is becoming a new gold in the future, people will no longer save their physical assets but everything is in digital but with better security ofcourse.
Of course, gold and bitcoin are not comparable. The only thing that unites them is the high cost. Otherwise, they are almost completely opposite.
To what has been said here, I can add that we should not rely entirely on new technologies, digital in particular. Now the climate is changing, scientists are warning of mass cataclysms, and any technology, including the Internet, may disappear. We do not know what will happen to cryptocurrency in 20-30 years, but descendants can find our gold in tens of thousands of years.
We are not the first civilization on this planet and the technologies of previous human civilizations sometimes surpassed ours. We find gold in all civilizations, but we have not heard anything about the use of cryptocurrency before.
1159  Bitcoin / Bitcoin Discussion / Re: Putin believes Bitcoin has value on: October 19, 2021, 06:23:09 AM
It is necessary to judge not by Putin's words, but by his deeds. Over the past five years, Putin has said a lot of controversy about cryptocurrency. However, we see that Russia has adopted one of the worst laws among all states. People in Russia are prohibited from using cryptocurrency as a means of payment, and it is still possible that criminal liability will be established for this violation.
Putin said that cryptocurrency has a certain value? Is it Putin's credit for admitting the obvious? If bitcoin is now valued at more than $ 60,000 worldwide, it would be foolish to deny that it has value.
1160  Bitcoin / Bitcoin Discussion / Re: Cryptocurrency is important for a country? or not... on: October 19, 2021, 06:09:10 AM
From the current position, we can say that cryptocurrency is already playing a certain role in strengthening the state's economy. As far as I remember, the Japanese government noted back in 2018 that thanks to the cryptocurrency, the well-being of citizens has increased and this, in general, has a positive effect on the economy of the state.
However, in other aspects, cryptocurrency is unlikely to have any noticeable positive impact on the development of the state.
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