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901  Economy / Economics / Re: Can the world be without poverty on: April 28, 2021, 06:20:38 AM
in my country such a system seems less suitable, where nowadays there are always the rich and the poor. the rich will need the power of the poor, and vice versa the poor will need help from the rich. Even though the government itself will look after the poor, I don't think it's very effective, where in the end we ourselves have to fight for our own welfare.

From what I have seen, many of the poor people have a sense of hatred towards the rich (i.e successful people). They believe that the rich people are responsible for their suffering and the resources should be shared in a more equitable way. I don't find their views very appealing. If they want to get out of poverty, then they need to work hard rather than showing hatred for people who have been successful in life. After all, only the rich people are paying taxes and these taxes are in turn used for providing handouts and free education/medical care for the poor people.
Not like that. the poor don't hate all the rich. in my view, the rich are divided into 2 groups:

first: the ruling elite (government, politicians, and the country)
second: business elite (successful traders, business people, and investors)

the business elite has paid taxes to the ruler. but the ruler does not do justice. they corrupt the tax returns and income of business people and do not give it to the poor.

so, the poor usually hate the country and the government. usually, this happens in Asian countries. I rarely find poor people hating business people because business people still care about poverty. but the state and the government are not like that.
902  Economy / Speculation / Re: Is bitcoin the best one to invest in? Or am i too late? :( on: April 27, 2021, 05:13:14 PM
Currently, the bitcoin market is still bullish, no one knows for sure when this bull will end. If you buy now, make sure that you are ready for any risk. The bearish market can come at any time. If you are thinking of a long-term investment, then it doesn't hurt to enter the current bitcoin market and wait for a few years.
903  Economy / Economics / Re: Can the world be without poverty on: April 27, 2021, 10:28:38 AM
If we look back when our ancestors still lived a nomadic life. their social status is equal. no one is rich and no one is poor. each individual does work by the expertise to get food (survival) and each result is divided fairly according to their respective needs.

If today every country and government has a fair lifestyle, I believe there will be no more poverty.
904  Bitcoin / Bitcoin Discussion / Re: Where does Elon and Saylor store their bitcoins? on: April 27, 2021, 08:14:18 AM
They won't tell their address and where they store their bitcoins. However, in my opinion, they store in a hardware wallet like the ledger or trezor. very dangerous if they are stored in a web wallet or a software wallet. given that the internet is the biggest source of all viruses and hacks.
905  Economy / Speculation / Re: Is it bearish season yet? on: April 27, 2021, 06:22:04 AM
Looking at the current chart, I think there will be good bullish signs that could support the price towards the previous resistance level or even a new ATH.

there was a similar move in late February and comparing it to the recent downtrend movement (now end of April) you will see how similar they are and after that a strong bullish. there is a high potential for repeating this move.
906  Economy / Economics / Re: What will you do in 2030? on: April 26, 2021, 05:45:59 PM
everyone including me hopes for a bright future. I have been collecting bitcoins since 2017. I am sure that in 2030 price of bitcoin will be very expensive. That's when I enjoyed old age. no need to think about any costs. because I have had bitcoin savings for old age.
907  Bitcoin / Bitcoin Discussion / Re: Lost phone with bitcoin wallet on: April 25, 2021, 07:06:57 PM
I was very unfortunate to have lost a phone that had bitcoin sitting in the wallet. I was foolish and did not back the wallet up. I am wondering if there is any way to get my bitcoin at this point? I should also mention that I lost this phone 2 years ago and the lost bitcoin is now worth about 60k so whatever I could do to get it back.

Any advice is extremely welcome.
 
there's nothing you can do but give it up. You've lost it for 2 years and you don't have any private backups. it was so hard to come back. should, this is a valuable lesson for you that always back up your wallet in different places. With experiences like this, you won't repeat it.
908  Economy / Speculation / Re: bitcoin price end of year? on: April 25, 2021, 04:57:05 PM
i believe even if bitcoin drops a bit in a month, bitcoin will still hit 100k by end of year! let me know what you guys think
I am confident and very optimistic that bitcoin can hit $ 100K by the end of the year. citing a limited supply, ease of movement across borders, and unclear holdings would make it possible to top $ 100K.
909  Economy / Economics / Re: The Country Cryptocurrency vs Bitcoin on: April 23, 2021, 06:58:47 PM
Ofcourse. What will help Bitcoin remain competitive is its uniqueness, such as decentralization and its other important ideals.
It's actually never a good idea for a Decentralized Network like Bitcoin to compete with them in centralized manner. Better it becomes decentralized in most things it does. There are lots of people who will definitely choose Bitcoin because of the decentralization... if they need centralized coin, they use the Central Bank coins.
I strongly agree. many people choose Bitcoin because of its decentralized nature. which means we are free to control the money we have without anyone controlling it. So, I think Britcoin will still be unable to compete with Bitcoin.
910  Bitcoin / Bitcoin Discussion / Re: Bitcoin Transactions Fee Are More Expensive Than Ever on: April 23, 2021, 04:47:52 PM
Beforehand, the absolute advantage of Bitcoin was convenient transfer money with cheap fees, but now if you transfer a small number of bitcoins, fees are a real problem. I also own a few cryptocurrencies in my SnapBots wallet. Bitcoin has become increasingly difficult to become a popular exchange currency but still an extraordinary reserve asset!

https://www.coindesk.com/bitcoin-transaction-fees-more-expensive-than-ever
I also experienced this kind of problem. However, the solution I did was to exchange my BTC for an altcoin that has a cheap sending fee such as BCH or TRX.

I usually use BCH for sending because it's not only cheap, it's also fast.
911  Bitcoin / Bitcoin Discussion / Re: The old fiat days are behind us! on: April 22, 2021, 06:17:49 PM
In my view, fiat is not going to be an obsolete currency. And crypto won't replace fiat. I agree with @ 20kevin20's opinion

fiat will evolve to go digital. namely digital money issued by the central bank. digital fiat will still be controlled by the government. and bitcoin will only be an asset like gold.
912  Economy / Economics / Re: EFFECTIVE INVESTING STRATEGIES on: April 22, 2021, 03:44:45 PM
An often-overlooked strategy is "Tolerate Your Risk"
Keep in mind, investing is a risky activity. The amount of investment risk varies according to the potential benefits that can be obtained. This condition is often described by the term "high-risk, high-return".

Everyone has a different tolerance for risk. However, that does not mean that successful investors have to be brave enough to take big risks. know your risk tolerance and only take measurable risks to achieve predetermined financial goals.
913  Economy / Speculation / Re: Your price expectations for 2021 on: April 21, 2021, 03:16:34 PM
The only question now is what would be the catalyst to achieve that $100k mark.
It seems that the catalyst for reaching the 100K is another financial crisis that may be even worse than the events of 2008. This is just my personal opinion.

I think the current monetary policy is only pretending to make the banking system safe. When in fact, we are on the way to a crisis.
914  Bitcoin / Bitcoin Discussion / Re: BTC and Illuminatis on: April 21, 2021, 09:00:00 AM
If Bitcoin was created and popularized by the Rothschilds, they shouldn't invest. they should have a large number of bitcoins. It's funny if bitcoin is associated with the global elite Illuminati group.

Even in my view, Bitcoin will destroy the global elite. In my opinion, the Rothschilds made the bank. people are tired of the banking system which is always in control of their finances. bankers fat like pigs continued to get rich at the expense of hardworking citizens.

Bitcoin was created to give power back to the people and will destroy the global oligarchy and elite.
915  Economy / Economics / Re: Mapped: The Top 10 Billionaire Cities on: April 21, 2021, 04:45:59 AM
The number of billionaires that China has produced has raised questions in my mind. Why does China, which has a communist ideology, which is touted as the antithesis of capitalism, actually produce so many billionaires?

Because all people are equal but some are more equal than others. Especially those with strong party ties.
oh, I see, the strongest party in china is the communist party, and the billionaires in china are mostly part of the communist party. so they can become billionaires because of the support of the communist party. yes, I've heard that jack ma is part of the communist party.

I saw communism in the Soviet Union. All foreign countries were frightened by this communism, which was called the "red threat". The Soviet economy was planned, there was practically no private business. Resale or speculation were felonies.
Chinese communism is very different from Soviet communism. They have a planned distribution economy, but their priority development is aimed at a market economy.
Good management and cheap labor have made many people millionaires.
okay, that makes sense. Chinese billionaires pay very small wages to workers so that capital expenditure is not too much. meanwhile, they made a big profit. to me, it's pretty cruel
916  Economy / Economics / Re: Mapped: The Top 10 Billionaire Cities on: April 19, 2021, 02:57:10 PM
The number of billionaires that China has produced has raised questions in my mind. Why does China, which has a communist ideology, which is touted as the antithesis of capitalism, actually produce so many billionaires?
917  Economy / Speculation / Re: Bitcoin price fall to Zero? Possible or not? on: April 19, 2021, 07:57:12 AM
an unreasonable voting. From $ 50k down to $ 5k? it will not happen, in my opinion, if bitcoin today drops to 30K, many will buy it, even large institutions and companies will also buy more, so the price will pump back up.
918  Economy / Speculation / Re: If we enter a bear market how long it will last? on: April 19, 2021, 04:53:47 AM
if the 4 year cycle really happens, it will be like this again in 2025. But, is it possible that you are investing in the long term and won't see the price before 2025?

Yes, maybe we will wait for the next 4 years until the market is bullish again. However, it looks like the bearish have yet to come to attack the market. When viewed from the history of the bitcoin market (2013-2017) the peak of the bullish is the end of the year. So we still have a chance in a few months to pile up bitcoins.
919  Economy / Economics / Re: Flexible Work Schedule on: April 18, 2021, 05:49:11 PM
In my opinion, the application of flexible working hours is great because it allows you to reduce stress and provide the best flexibility and working time. So that it makes you enthusiastic and more motivated to produce the best output to increase work productivity.
920  Economy / Speculation / Re: How fast do you think will Bitcoin reach $100k? on: April 18, 2021, 05:51:37 AM
~ snip

I personally feel if celebrities are tweeting about btc they probably don't even know how to use electrum...
Yes, maybe they don't know how to use Electrum, they also don't understand hash, mining, and even liquidity swap. please understand, they were just getting started. their knowledge is only on trading on the cex exchange. But their tweets can lead to price increases in the market although not very big
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