981
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Economy / Economics / Re: Government slowly open the economy, will it make the pandemic worst?
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on: November 07, 2020, 11:14:50 PM
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Governments try to reopen their economies because their population will be more impoverished if they do not. The blockade brings more unemployment and famine, it is true that the pandemic is a risk to life. But the population must learn carefully to live with the virus until we have a cure. The biosecurity protocols must continue to minimize possible infections, we have no other choice.
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982
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Economy / Economics / Re: Debt and Crypto?
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on: November 07, 2020, 11:04:11 PM
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The banking system has to be treated separately when we talk about crypto. Because it is a system that is being replaced little by little by the defis. In these cases of uses the bank does not participate. There are already debit cards loaded with crypto designed especially for users, there are loans whose support that users have are cryptos. The bank would have to take a big step to offer its users traditional crypto-backed services.
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983
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Economy / Economics / Re: The Destruction Of The Euro
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on: November 07, 2020, 10:37:28 PM
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Definitely. The numbers indicate the decline of the euro. In addition to the fact that in the European countries where the second wave of Covid19 governments feel concerned that it could affect the population more than the first. There is no production, there are businesses that will be bankrupt. The economic situation in the Euro zone is worrying.
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984
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Other / Archival / Re: Hong Kong bans retail trading of digital currencies
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on: November 07, 2020, 10:04:27 PM
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The government planned to release a consultation paper on Tuesday afternoon to collect views on the proposed new rules, which aim to offer investors better protection by combating fraud and money laundering.
I agree with the main objective by the Hong Kong government. Preventing fraud and money laundering is an important job for any nation. Illicit activities do not benefit people, they are detrimental to any economy.
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985
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Economy / Economics / Re: You want to get rich, don’t pay taxes, don’t get married, don’t use bank, and...
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on: November 07, 2020, 09:34:38 PM
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Becoming rich are not the goals of the majority. According to the advice that you indicate, they are not the best because we would be training the most ambitious citizens on the planet. On the contrary, we need to be more humanistic and try to accumulate wealth in order to live fully and with the ability to share with others. We need to contribute where we are to help reduce poverty.
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986
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Economy / Speculation / Re: BTC Targets for 2020
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on: November 07, 2020, 08:49:36 PM
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I think that the current behavior of Bitcoin is different than in other years. The circumstances are different, the behavior of the market has allowed it to demonstrate its competence. Bitcoin despite its volatility has proven to be superior to the traditional asset class. There is an optimistic forecast that will not let us down, it is a sign of a bull market. What's impressive about this technology is that it makes a huge boost to the new way of handling money.
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988
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Economy / Economics / Re: This is why bitcoin HAS to go up
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on: November 06, 2020, 09:46:01 AM
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I agree. Because it is possibly the reason why large companies and investors are buying Bitcoin to get out of the crisis that is coming. Each of them are maintaining their stores of value in Bitcoin and are adapting their products with crypto as PayPal recently announced. The future is Bitcoin and the digital age.
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990
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Economy / Economics / Re: After elections end this year for all countries, we are all screwed
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on: November 06, 2020, 08:41:07 AM
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I don't want to be negative but I found this article that talks about a report presented by the IMF that does not show a sobering outlook for the global economy. It has mentioned to the UK, Italy, India a drop in their macroeconomic indices. Nations that depend on tourism like Spain will have a difficult situation due to the outbreaks of the virus and their economies will produce a decline. As long as the outbreaks of the virus continue and we do not have a cure for Covid19, the economic projections are not favorable. Just as the IMF says.
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991
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Economy / Economics / Re: Working plans for uneducated unemplyement people in USA
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on: November 05, 2020, 12:16:24 PM
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Biden's plan for higher education will be more affordable and will reduce tuition costs and offer people the opportunity to prepare for work quickly. This is a plan that I find interesting and useful because it will benefit families with lower incomes and therefore a person who has a preparation for work will have better opportunities to achieve a good quality of life and contribute to the economy of her country. Biden’s plan to make two years of community college without debt will immediately offer individuals a way to become work-ready with a two-year degree or an industry certification. https://joebiden.com/beyondhs/
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992
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Economy / Economics / Re: The pandemic did push the world towards a more digital age.
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on: November 05, 2020, 11:37:17 AM
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So is! Life in times of pandemic has led us to change our behavior. Crypto enthusiasts are leading the way with these changes because their world is more digital. Now in this new normal, Bitcoin and cryptocurrencies will play an important role and the opportunities in e-commerce will be on the rise. Despite the disadvantages that we have, not all countries have invested in blockchain, the economy is not running at 100% it is operating at half capacity due to the pandemic. But we have a good perspective on the horizon for which we must seize the moment.
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993
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Bitcoin / Bitcoin Discussion / Re: What do you think is the biggest disadvantage of bitcoin?
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on: November 05, 2020, 10:02:47 AM
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Scalability and fee issues are a huge downside to Bitcoin adoption. Some advise the use of the second layer of the Lightning Network to solve them so I think it is time that we have to put it into practice if we want a greater use of Bitcoin. Now that Bitcoin is in a new stage towards being used by more users around the world. Everyone will want to use Bitcoin and will find this disadvantage and will only have to buy and hold.
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994
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Bitcoin / Bitcoin Discussion / Re: 12 years after Bitcoin whitepaper was released
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on: November 04, 2020, 09:44:04 AM
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I think PayPal had no alternative but to add Bitcoin and crypto because the community of crypto enthusiasts is growing. Every day there are more products that are launched to carry out financial transactions without the need for banks and in view of not losing ground and falling behind without entering the digital world offered by Bitcoin and crypto PayPal had to add them. Let's remember what PayPal's position on Bitcoin was in the past. June 25, 2019 https://www.google.com/amp/s/www.investopedia.com/amp/news/former-paypal-ceo-calls-bitcoin-scam/However good for PayPal for adding to Bitcoin because it is a necessary support for both parties. Bitcoin in all these years has shown that it is the asset we need because it can reach anyone around the world without the need for all the procedures that banking requires.
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995
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Bitcoin / Bitcoin Discussion / Re: If bitcoin reach $20k fee will be huge?
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on: November 04, 2020, 07:07:14 AM
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If the price of Bitcoin continues to grow as the forecast shows, the fees will naturally increase. The network is congested by users due to high demand. I think that we as users must carry out the necessary transactions. If we are active traders we must balance the profits and these expenses. In the end with the high Bitcoin price we all win despite the discount of the fees.
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996
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Economy / Economics / Re: Second lockdown in Europe can their economy survive this?.
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on: November 03, 2020, 12:52:53 AM
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A second wave of Covid19 infections is tragic for Europe. Undoubtedly, it is sad that this is happening now in this important quarter of the year as businesses begin to accumulate their profits. The most affected will be small and medium businesses and those that need the public to generate income such as Restaurants, Cinemas, Gymnasiums among others. Businesses will have to reinvent online commerce and home delivery. This is a very difficult time for the economy in Europe that will affect everyone.
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998
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Economy / Economics / Re: Need of the hour : Use the Crisis
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on: November 02, 2020, 09:49:50 PM
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You're right. My family and I have already thought that we have to get ahead in the middle of this pandemic by doing work from home. Just like you said: Earn from home. We are selling food in our neighborhood at low prices in order to get away from speculation. In the midst of this crisis we have realized that some merchants are speculating by raising prices especially food and cleaning supplies. A neighbor who is a teacher is teaching at her home to the neighborhood children. My mom and I have learned to make lollipops to get some of our Fiat currency to buy some food. My mother feels satisfied because she feels useful and also the most important thing is that we sell the lollipops at a low price and we give the children the joy of eating sweets. We have aspirations to learn about making chocolates to include more items for sale. With regard to government aid, we only receive 20% of the money we need each month so we decided to do this work from home.
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999
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Economy / Economics / Re: Challenges to Fintech Adoption
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on: October 31, 2020, 11:29:27 PM
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Of course. Fintech originated from the deficiencies of the Banks. Governments and banking institutions have realized that they must evolve. We are witnessing the development of the digital age that thanks to Bitcoin has originated this boom. The crypto community is building what was previously impossible and was managed by centralized entities. Banking users who live in crypto are preferring the services offered by Fintech.
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