Latest posts of: mazdafunsun

Quote from: kolbalish on June 14, 2020, 06:25:12 PM

World is facing a new crisis almost last 6 months+ and who knows how much it will remain. For this pandemic outbreaks, economy is getting down in many countries. It's getting cursed for one sector based economy.

Explain your country's economy here by mentioning the sector which is getting down day by day for this pandemic.

I live in Europe, and my countries response to pandemic has been horrific and stupid . We did and are playing the slow game, we did close shops , theaters, sports and all the gatherings. But we did not implement a lockdown , the result is a slow economic bleed for over 4 months. We are getting deeper and deeper in debt . This all could have been avoided if we had a proper lockdown which stopped people from going to each other and spreading the damn thing.

Quote from: BlackHatCoiner on March 05, 2021, 07:43:21 AM

The pandemic surely helped Bitcoin and other cryptocurrencies be more widespread and I like seeing that there are many people that have understood the main benefits of it and they're keeping it as a store of value. Last year, 22% of the circulating USD was printed which was around $9 trillion. This clearly shows that the economy was f*cked up last year. The debts are now even bigger.

This is when Bitcoin was seen as a solution. Its deflationary and safe-heaven characteristics were recognized and everyone became abruptly bullish. Now I wonder, what will happen to Bitcoin once the pandemic is over? Once we'll live just like we did in 2019? It will surely have a big impact on the market, but I don't know if it'll be a negative or a positive for Bitcoin.

How do you know that it was the reason for Bitcoin bull run?
Maybe it was because more and more people started to trade as an hobby, maybe the liquidity from stock market little by little started to come in bitcoin space. People often want to have story behind certain events and this seems like that.

Thats not even a discussion , it definitely did and it did it by huge magnitude. A lot of things got digitalized and digital services grew tremendously. Not just workers were forced to work from home, people had to socialize thru digital face calls, people started to game more, play cards, casino online. This pandemic made people to invest more in stocks and possibly this is the reason why stock market grew to such extent.

In order for this to work, you should use exchange which is shady - unregulated and do not gather your data. Even if they say that they dont gather your data, do not request your id, they can lie and ask for it anyway. Also these kind of exchanges are dangerous, they can easily freeze your funds and steal them.

Quote from: Bilgent on March 27, 2021, 10:17:03 AM

I think this NFT hype will end after some time. I have been hearing some news about people buying the NFT version of works of art at a much higher price than the value of their original version. It seems really insane to me. Why would I want to pay such amount of money and buy NFTs instead of the original ones? I don't know maybe I'm thinking in an old-fashioned way. Grin

Most likely they wont end or just disappear, think of the '' first tweet'' in this digital world we live in, it is an etalon and interesting thing to own. Very valuable as well, NFT makes something recently impossible possible, you can own digital property absolutely . These NFTs possible are overpriced , that i can agree with.

Quote from: dothebeats on March 26, 2021, 08:57:03 PM

This is awesome and scary at the same time. A lot of huge companies are already trying to get a piece of the pie on large increments. Should there ever be a huge crash, we all know that these entities aren't as die-hard as most of us here, and would surely cut losses that'll send bitcoin into an even deeper pit.

I dont think so , these funds are long term players. Even if the price tanks for in few months time or even 1-2 years time, they wont sell as the classical retail investors who are mostly investing for the short term and will get scared easily. Also they are allocating small amount of their portfolio.

No ,i dont buy this theory because Tesla stock was not the only one tanking at the time. All the tech sector stocks started to tank at the same day. Although this was huge news for crypto and BTC , the amount for Tesla's treasury was not that high to initiate some kind of negative response.

I see this as interesting trend regarding tweets, but at the same time it means little to most people as they can not sell their tweets and can not buy them at such huge prices. This is another playgraund for the rich and famous and we are just spectators.

Did you even understand what you wrote, OP ?

Banks do not make money from KYC, it is necessary by law to know your customer, got all the information about their identity and possibly more. In my country it has come to much more than simple id checks , they ask proof of any transactions in your bank account, this is too much in my view.

I did not see in this article suggestion of the oldest business type. Just buying and selling goods, you can do it simply by researching what is selling in Ebay or Amazon from your location. Or just think of products which are unique for your location and then research prices in ebay, amazon.

Quote from: Bitstar_coin on March 27, 2021, 06:19:43 AM

Does it really worth it to spend so much on an online art? Don't get me wrong, I do love some unique art and mostly love the idea of having them on blockchain but the way the price of the NFT's are being inflated is a bit surprising to me, I guess choice of what is valuable is quite different.

It is worth it only if the next person is willing to pay more or the same amount as the first person who bought it originally. All this NFt craze is looking more and more like bubble going to burst. i wish that NFTs would be accepted more slowly and rationally.

If you think about it, the wealth would be not be distributed to poor but would be redistributed from those who hold stocks, real estate and fiat to those who hold lots of bitcoin. In essence nothing would change for average man but the FIAT rich would suffer the most.

To allow btc payments for tesla cars is just pure genius, people who are invested in crypto with high degree of probability also like new tech which includes Tesla. Not to mention to cult around Elon Musk . I would love to see how much they will sell with crypto.

The age where only rich can buy stocks is over. Not to talk about crypto, crypto has been accessible to poor and average citizens from the start, in crypto the rich are getting in later than average joe. Also the companies are getting in later than person with normal income.

This is shortsighted view and is popular among relatively poor countries, it is hard to tell why.
India as well is banning crypto, moreover it seems that they are banning crypto every second day.I thnik it is sad since they are losing valuable economic growth.

lol, your question coincided almost perfectly with tesla news that they are accepting Bitcoin for their cars.
This is huge and will make other retailers accept bitcoin as well, i think this answers your question.

Thanks for this information , I was not foreseeing this kind of fall out from brexit. As a citizen of European country , i think that brexit is a sad and stupid outcome. We are stronger together, and the Union was benefiting UK and EU, now both are hurting financially and most likely UK is hurting more in many aspects. This situation is even sadder because the referendum was won by such a little margin, if it was held today i am sure that they would not leave.

I dont know how this is a big thing, yes crypto currencies are used for bad things as well as for good things. It is the same with FIAT, FIAT is used way more for laundering and bad things. Yu dont see news articles stating '' FIAT was used for such and such crime'' but for crypto it is suddenly big news, besides crypto is easier to trace so it is even better that criminals use crypto over fiat, they can be found more easily.

I think you are drawing parallels which should not be drawn currently.
GME saga where the retail investors are against hedge funds who have exchange's under their thumb is different ball game . They are trying to get the stock down and profiting by doing so. Bitcoin is seen as people's money but the general idea with btc is fight between people and government which is printing money like crazy not people against hedge funds.

Quote from: dothebeats on March 12, 2021, 04:36:22 PM

I'm not an art connoisseur or something but that art looks like it has been taken straight from Minecraft and has been pieced together to form its entirety..

So true, usually these kind of art works are pretty cool. They are pieced together to make one picture which can be clearly seen as something a face, person or something else. In this case i cant see anything there.

I get how this is cool and interesting for art investors but the amount of money spent is just outrageous. I wonder, maybe it was done to grab attention to NFT market.