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421  Economy / Economics / Re: Dangers of combining company and personal funds in the same account on: October 18, 2023, 10:38:39 PM
Since OP write 'Company' specifically and not 'Business' then I suppose what he means is at least a Company where there are a proper work division that has enough employee to handle each division. So, I guess it's pretty common knowledge for an owner of a Company at that scale to separate the fund. I don't think a business owners who are still combining Business and Personal fund would reach a 'Company Scale' level, they will either stuck in the small scale business level or they will goes out of business, or they finally realize their mistake and start to separate the funds, after that they might scale up.
422  Economy / Economics / Re: Binance's Growing Legal Troubles: Are They Facing a Crisis? on: October 18, 2023, 10:17:41 PM
Binance losing or regaining trust is not dependent on the SEC's attacks. They've been consistently giving their userbase convenient ways to trade and I bet they will still prefer to use this exchange even if SEC wins.

It's definitely not a small problem for Binance, but I doubt that Binance will fall into Crysis, even if they actually got banned in the U.S. Eventho currently U.S is on the top 5 country of Binance traffic, but it only took as much as 3,95% of the total Binance traffic, it's not small amount, but not too big to bring binance down into crysis.



I am not a regular Binance user, because I don't like overwhelming UI, but I doubt their non-US regular customer will move on from Binance even after they got banned in the US. And I suppose Binance will still run without U.S users.
Not having US customers will have a bigger impact more than you imagine since Binance also exited Russia due to similar legal concerns as reported https://www.coindesk.com/policy/2023/09/27/binance-to-sell-entire-russia-business-to-commex/ The sale seems shady but that's another topic for discussion.

Well, if Binance lost both it's US and Russia users, then it's another story. With this recent news, I suppose Binance is already prepared for leaving Russia, then they should fight harder to keep their permit to operate in the US. If they lose both Russia and US at the same time, I doubt they will survive another couple of years, even if they can get to other new countries.
423  Bitcoin / Bitcoin Discussion / Re: CZ's view on Halving on: October 18, 2023, 10:11:13 PM
CZ got his points, but that's not unique, it's based on the history of how market reacts to halving, and many people said the same. Tho with the current economic condition and people have more experience on the effect of halving and how Bitcoin market react to it, I doubt people will are still hoping that Bitcoin will double the price immediately after halving, most of Bitcoin speculators should already learn that Bitcoin halving effect on the market is not instant. And the thus could also make the time frame when Bitcoin will reach new ATH after the halving, probably longer than just a year.

He is also playing safe with his pieces of advice to people. Because he is one of the popular personalities to whom people looked up to in this market, he's being conservative with his views. But those simple statements are actually valuable if you internalize its importance when it comes to your decisions with what you will do with your porftolio.

Yes sure, I understand that part why he was playing safe, he is the founder of Binance, so every statements he makes will affect people views on Binance. Though I would expect something more original and valuable opinion from someone at his calibre, and for if he doesn't actually have a more valuable opinion, he doesn't need to write such generic and redundant opinion.
424  Bitcoin / Bitcoin Discussion / Re: What do you think? Selling all or not on: October 18, 2023, 12:46:43 AM
The answer will be very varies for each person, really depends on when they enter market and what their target profit is. However, I don't think many people think of selling all of their Bitcoin at once, they will just send part of it to take some profit. So for people who enter the market last year or so, and they have reach the target profit, I think it won't be a problem to sell some of their portfolio and take some profit and enjoy it.
425  Economy / Economics / Re: Economic Implications of War on Individuals on: October 18, 2023, 12:25:47 AM
- do you have any survival tips during war period?

Run, I don't think there are any other tip than run far far away from the War Red-Zone, the bigger the countries area the less likely the war will spread so I think it's pretty doable, you can stay in your country but not in the center of the war. If the countries is not so big, so the war will more likely to spread to the whole area, then you should run to overseas, which will be much more difficult, especially for people with less money.

- are there any business that I can do during a period of war so as to sustain my family? Can I still budget, save and earn in Bitcoin?

I don't think anyone at war would think about business or investment, people who are at the war-zone war will run away, and people in war countries who are outside of the war-zone will trying to help and accomodate the refugee.
426  Economy / Economics / Re: Will people ever get tired of trading bitcoin? on: October 18, 2023, 12:13:35 AM
They are four kinds of trading according to Pareto; An immortalized name in the economics mathematical science.

1. A win win trade; one that the both parties win, hence the number of people into such trade keeps booming

2. Trade in which a party gains, but no one loses, and again welfare will definitely go up; more users and investors

3. Trade in which no one gains, but someone loses

4. Trade in which some party win and some loses, and increases the amount of profits of those who won.


I think these definitions of trading is more suitable for a more traditional trading, like a commodity trading or trading related to a more traditional stuff, when one of the party is end user, or if they resell the goods have a fixed price, they are not speculating it. While most of the people who trade Bitcoin relies on the speculation. Thus for the question 'Will people ever get tired of trading Bitcoin?', I think they will when the Bitcoin price is very stable, and it's either too difficult or too long to wait for the price to go up, it's no more profitable to speculate on Bitcoin.
427  Other / Meta / Re: Should there be sub forums under Scam Accusations? on: October 15, 2023, 10:22:54 PM
Could be good idea, except for the 'People' sub-board. 'People' sub-forum could be a little bit confusing, in a case when a forum member creating or promoting either a project/casino/exchange, and they use it to scam people would it be in the 'People' sub-forum or the others sub forum, this could lead to double posting. Other than that I think adding sub-forum on the Scam Accusation is a good thing, especially the 'Casino' sub forum, I saw many people has been asking for this multiple times. And even though I am not an active poster on those Sub Forum, I am still frequently reading and checking Scam Accusation, just update and avoid new scam method, so I don't think the sub-forum activity could be taken into consideration whether we need the sub-forum or not, because maybe there are many other passive readers on Scam Accusation on the sub-forum, and adding other sub-forum there would be neat.
428  Bitcoin / Bitcoin Discussion / Re: CZ's view on Halving on: October 15, 2023, 10:12:53 PM
CZ got his points, but that's not unique, it's based on the history of how market reacts to halving, and many people said the same. Tho with the current economic condition and people have more experience on the effect of halving and how Bitcoin market react to it, I doubt people will are still hoping that Bitcoin will double the price immediately after halving, most of Bitcoin speculators should already learn that Bitcoin halving effect on the market is not instant. And the thus could also make the time frame when Bitcoin will reach new ATH after the halving, probably longer than just a year.
429  Economy / Economics / Re: Young people needs productive mindset to be happy in life on: October 15, 2023, 10:03:10 PM
It has been a long time since the last time I expect anything good from my government, and I think most of the people in my country felt the same. In an ideal situation ones could expect governments to fix thing including employment problem but when most of governments are corrupt, we should find our own way out. Not only that but the increase in population make the competition get more harsh everyday. Not only skills but fresh-graduates are expected to have prior working experience, this means they should already work even when they haven't graduated, it forced them to accept internship work with extremely low salary, or even no salary at all.
430  Bitcoin / Bitcoin Discussion / Re: Robert Kennedy Jr. Promises to End White House War on Bitcoin on: October 15, 2023, 02:45:36 PM
I am not a U.S citizen so I am not going support or oppose him on his candidacy because either way I couldn't vote.

But I think it's the same in every country, that we shouldn't believe 100% of any promise by politician, especially one that don't have any concrete plan on how make that promise real. My advice for any Bitcoin enthusiast who are going to vote for president anywhere in the world, I myself will vote next year for president of my country, rather than just supporting candidates who are saying that they support Crypto and Bitcoin, I would rather vote for candidate that has clear and visionary plan for more generic purposes, if that includes cryptocurrency or Bitcoin, than that's good, but if it's not I wouldn't mind. I wouldn't just vote for candidate who are saying they will support cryptocurrency, but when I ask them about affordable housing, affordable food, and accessible education they don't have any vision or realistic plan on it.
431  Bitcoin / Bitcoin Discussion / Re: Distinguishing Between Bitcoin Halving And Crypto Burn on: October 15, 2023, 02:34:56 PM
This is my very first time hearing that someone is confused between Bitcoin Halving and Crypto Burns. In my opinion the term is really self-explanatory. Halving with Burns is very different activity, and I don't think there is any similarity between the mechanism whatsoever. Crypto burns will reduce the total supply and sometimes also reduced the circulating supply if the coin that will be burnt is obtained by buying them back from the market, this activity will instantly and automatically affect the scarcity of the market, and this could be considered as market manipulation for some people. While Bitcoin Halving is not reducing Bitcoin supply, neither the total or circulating supply, the halving activity will not directly affect the scarcity of Bitcoin, if the demand of Bitcoin is low then the halving itself wont make Bitcoin become more 'scarce'.
432  Economy / Speculation / Re: Is doubling your investment more probable than we think? on: October 15, 2023, 02:25:07 PM
The current economic condition in the world isn't too promising and, in my opinion, will set back investments in general, including bonds and the stock market. I hope I'm proven wrong, though.

The other investment like Stock is already experiencing a set back, the market cap growth wasn't as good as last year. And I am pretty surprise that the Bitcoin price was still be able to have a quick price bounce-up in this kind of economic condition. And for me with the current economic condition, if I can get my investment value doubled only in one year I would already be very happy. I don't really like speculating on Bitcoin since I prefer it to be not too volatile, but I if I enter the Bitcoin market right now, the best I could do would be 150% in a year if I am very lucky, or 130% or less if not, double my investment would be a miracle.
433  Economy / Economics / Re: Binance's Growing Legal Troubles: Are They Facing a Crisis? on: October 15, 2023, 09:56:19 AM
It's definitely not a small problem for Binance, but I doubt that Binance will fall into Crysis, even if they actually got banned in the U.S. Eventho currently U.S is on the top 5 country of Binance traffic, but it only took as much as 3,95% of the total Binance traffic, it's not small amount, but not too big to bring binance down into crysis.



I am not a regular Binance user, because I don't like overwhelming UI, but I doubt their non-US regular customer will move on from Binance even after they got banned in the US. And I suppose Binance will still run without U.S users.
434  Bitcoin / Bitcoin Discussion / Re: Bitcoin vs Precious Metals - the final verdict is in. on: October 15, 2023, 09:44:02 AM
This statement is so true, only few even almost no one could get rich buy buying gold or other precious metal. But, I Bitcoin and Gold has different usage. For speculator and people who seek for profit and their main goal for buying assets is speculating on the price and get profit from it, then Bitcoin beat gold in many ways, but just like any other investment, high profit also means high risk, so for people who seek for stability and reliability for their assets, Gold is definitely more suitable than Bitcoin.
Gold is definitely for store a value, but actually Bitcoin is relatively stable and can be used as store a value too. If people seek for high volatility and speculate asset, isn't altcoins is better since it's full of pump and dump.

Bitcoin could be more safer than gold because it's more flexible, it will not lose as long as you have the private key and you can access your coins in anywhere.

If comparing stability between Bitcoin and Altcoins, Bitcoin is definitely win by a long way, and not everyone want to take an extremely high risk and manipulated market like low market cap Altcoins market.  but then again because the context in the OP is Bitcoin vs Precious Metal then if compared to Gold, Bitcoin still lose in term of price stability. But in term of security Bitcoin vs Gold I do agree that because Bitcoin is new technology and Gold has been used for decades Bitcoin is definitely a lot safer to be held, meaning that gold is easier to be stole or robbed.
435  Other / Meta / Re: It is bad to use AI to help my post quality improve? on: October 15, 2023, 03:11:39 AM
~
To what extent is it acceptable to use AI to enhance regular forum posts?

Depends on what you mean by 'improve your post quality', if you use AI to generate whole/additional content for your post, than I don't think that's acceptable, AI generate the content by crawling in the internet and that might lead to Plagiarism. But if what you mean by improve your post quality is helping you with grammar and choice of word, and the whole content is based on your own thought, then it's acceptable, or at least you wouldn't do any plagiarism. However, even with not so perfect grammar and choice of word, as long as your post is understandable the reader won't mind.
436  Economy / Economics / Re: It doesn't increase purchasing power on: October 15, 2023, 03:01:42 AM
thats true make everyone a millionaire then that million would have no value, its silly but many actually believe such thing could bring wealth towards them which isn't true at all.
giving out money never a solution, instead its a way of destroying your own economy if the money given was too much.
nobody would trust money that gets printed out of nowhere, because after all if the government keeps printing, why even bother owning the money, there's too much supply meaning that money have no value at all better keeping commodity since its truly what these money represented to be but if money keeps getting printed, it means it fails as a money that keep its value.

No one knows for sure whether the money supply that has already been printed has any real collateral. Yes, the government will claim that everything is fine, but these are just statements. So maybe a lot of unsecured money has already been distributed, who knows?

Eventho I tend to agree that most governments lie in many things and all they do is enriching themselves. I wouldn't think that they are carelessly printing money that will devalue their own currency, their currency is one of the biggest bargaining power in the global politic, devaluing their own currency will not do any good for them.
437  Bitcoin / Bitcoin Discussion / Re: Bitcoin needs Ethereum VM to reach its full potential — Web3 exec on: October 15, 2023, 02:28:05 AM
https://cointelegraph.com/news/bitcoin-needs-ethereum-evm-botanix-founder

Botanix Labs founder Willem Schroé argues a “huge amount of value” from real-world assets will be captured on Bitcoin, provided it connects to the Ethereum Virtual Machine.

Mainstream Bitcoin adoption won’t happen until it bridges to the Ethereum Virtual Machine (EVM) — the first point of entry for many real-world assets moving on-chain, a Web3 executive argues.


If that's true then it doesn't look for bitcoin. Might as well invest in ethereum...

Botanix Labs took those conclusion --Bitcoin need EVM -- based on the argument that Bitcoin will not fulfill it's potential just by becoming a decentralized currency, it also need to be listed in a commodity and security market, and I tend to disagree with that. Originally Bitcoin was made as peer-to-peer payment sytem to counter the hegemony of Governments controlled currency and IMF, and that's enough purpose for people to adopt Bitcoin. Adding another goal like make Bitcoin Commodity and Security will distract the main purpose, while it's not yeat achieved. And more over, currently with all the speculators buying bitcoin to gain profit, some poeple already consider it as a commodity
438  Bitcoin / Bitcoin Discussion / Re: SEC does not plan to appeal court decision on Grayscale bitcoin ETF on: October 15, 2023, 02:21:26 AM
So I guess this is a win for Grayscale already and we might see eventually SEC going to approved spot bitcoin exchange traded fund (ETF) in the future.

It's true that SEC has lost the case, but Grayscale have not win anything yet, their goal to finally get their Bitcoin Spot approved is still on a long road. It's one step closer, but SEC might find another good reason to reject Grayscale application. Don't get me wrong, I am not trying to be negative here, and this is actually a good news, I just don't want to get my hope too high, looking back at the history how SEC viewed Bitcoin.
439  Economy / Economics / Re: Bitcoin Is Better Than Digital Gold on: October 13, 2023, 09:41:52 PM
The connection between gold and bitcoin (BTC) as stores of value is obvious, and the demand for BTC as a digital store of value was a big reason why the cryptocurrency grew in popularity, crypto services provider Matrixport said in a report Monday.
Bitcoin’s market capitalization is $540 billion, equivalent to 10.8% of the market cap of physical financial gold, Matrixport said, adding that gold exchange-traded-funds (ETFs) are valued at $200 billion. Read

I think bigger market cap doesn't necessarily means the asset is better. Bitcoin has bigger market cap than digital gold probably because it's easier to buy. And I don't get it when someone said some asset is better than the other, what was the factors? Does it gain more profit, or does it more stable, or more secure.

Moreover I don't find the necessity to compare any assets, since we can own all of them, depends on our needs. Like Bitcoin is good for speculation looking at the history of it's high volatility, while gold is good for storing the value, because it has been proven to be inflation-proof.
440  Economy / Economics / Re: The economics of war. How does this affect us all especially us in crypto? on: October 13, 2023, 09:35:32 PM
I can't speak about the politics or the war because it is a two sided thing and there will be a lot of people from both sides that will attack me if I pick one side.

This is so true, we can't even condemn the war crimes that has been committed by their government or their military without being misunderstood as we support one side. I mean we can support the innocent civilians on both side, who are the real victim of the war.

~
Local wars certainly help increase demand for cryptocurrency. However, as the threat of them turning into a world war increases, the demand for cryptocurrency is likely to fall. After all, people will have the primary task of surviving in this situation, so first of all, clothing, food, shelter, everything that helps a person survive will be important. Any money in this situation will lose its value, and cryptocurrency as well.

I would tend to disagree, both Small Scale war or either World War will decrease demand in crypto, even small scale war will affect many people and those people wouldn't even slightly think about investment or crypto while they can't even get food, water or barely survive. War never has any good impact in any aspect society, politic or econom.
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