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1
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Economy / Economics / Re: What could Elon Musk be buying next?
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on: June 28, 2023, 12:36:33 PM
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When you are say next are you saying it for this year? for this year I will say nothing at this time. he has made the little buzz for attention for wanting a fight with mark Zuckerberg and that is what I think he want to do this year and maybe do a little hype for dogecoin, work on his space hotel and take advantage of the market maybe he may buy some coins. bitcoin or dogecoin for the bull next year.
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2
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Economy / Economics / Re: Will inflation in the world grow by 2023?
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on: May 29, 2023, 03:44:47 PM
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Inflation will continue to occur due to many factors, and the biggest factor that causes inflation to occur is because many countries use paper money so that the value of paper money will always decrease, when the value of money decreases, inflation will occur and the inflation trend will continue to occur in 2023.
I don't have to believe that the use of paper money is the cause of inflation because paper money is not new in the system it is there a longtime with inflation but now inflation is increasing. the reason I think can be mentioned is increasing population which is having pressure on the economy because the government is not properly planning the budget to take care of new environment challenges because facilities to use for small population is not the same with increased population which will cause shortage in all facilities including paper money and that cause government to print more money in circulation. |
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3
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Economy / Economics / Re: Will inflation in the world grow by 2023?
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on: May 22, 2023, 09:27:20 PM
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A way to consider the rate of inflation or not in the world we can look like the direction of the war going in Russia and Ukraine because this two country are important in the world and now that they are fighting endless war it is affecting the world in there supplies. russia reduce the rate of oil and gas to europe and this I believe affect in manufacturing of products which means no growth in manufacturing sector and that drops money in circulation. government will try to raise printing money and there you have inflation because too much money in circulation for purchase of the goods not available.
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4
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Other / Beginners & Help / Re: AWESOME!
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on: May 13, 2023, 04:58:02 PM
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The fact that people mostly youths waited for a currency, bitcoin, doesn't mean they'll be interested in bitcoin when it launched for some reasons best known by the individuals.
What Op mean is the average number of people using bitcoin and this number are largely in youths no that true. the president of El Salvador adopting bitcoin in his country is youth  back when gold was use it was exclusive for the adults and advance age class but today bitcoin is largely use by youth age the old still more with banks. |
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5
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Other / Beginners & Help / Re: Crypto space: A Wild Wild West
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on: March 25, 2023, 05:27:04 PM
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•Scammers always like to use whatever is currently making waves in the crypto space to take advantage of the people.
•Right now, there is nothing else that's captured the public imagination like cryptocurrencies, the number of scammers in this crypto space is very big.
•Scams attracts people faster than something legit because something legit takes time, only fraud and scams rushed in attracts people fast.
All these are very good for a newbie to learn from when a new thing is up the scammers will see it as the new wave for a line to scam people because the people are going to rush in numbers into it and it will be a good business for them. watch before you commit yourself to someone you don't know online and asking you for some details it can be a sign that you are getting scam |
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6
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Other / Beginners & Help / Re: Expectation for 2023
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on: January 05, 2023, 09:59:30 AM
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Keeping too much hope to see the price of bitcoin go higher can disappoint as the op have said. it is good to have average expectation of the price for this year and if luck come to be that the price go higher it is better but when you have high expectation we should remember it is not halving year.
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7
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Other / Beginners & Help / Re: Bitcoin is freedom money
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on: July 07, 2022, 01:16:21 PM
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In my opinion, I feel it is well said that "bitcoin is a freedom money" just simply because of its cryptographic nature and the liberty it gives its users compared to that of Fiat currency, but even in the midst of these, Fiat currency is still far adopted in many countries till date and the possibility that Cryptocurrency would be fully adopted by many nations of the world is very slim. So while bitcoin is a freedom money, the ones in power do not want people to have that financial freedom, therefore preventing people from legally having access to the freedom money (Bitcoin).
Freedom of bitcoin you can only seeing it when fiat is no more. There is freedom with that of bitcoin but if you have bitcoin in your wallet but you leave it there. If you are to change the bitcoin again to fiat you know the freedom is not a total freedom. If the time of adoption of bitcoin in every country for buying all needs, we now see the total freedom. |
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Other / Beginners & Help / Re: Your guidance is needed
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on: January 21, 2022, 08:43:01 AM
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Avoid investing in the majority of the meme coins. Dogecoin and Shiba Inu are the most known of them all and there are going to be shillers that might come your way and tell that the project they're investing in is going to be the same as Dogecoin or Shiba Inu. But the thing is that they're only shilling you that project because you're a newbie and you're going to be gullible and believing them that they're telling the truth. It's best to start buying bitcoin if you don't want to get rekt as easy as the others.
Buying real purpose coins is the security that you need. As this user said there are many more cheap coins in $0.0000.... and you think they profit to you like dogecoin and shiba inu but you be careful about such, don't be deceived, is very hard to see those cheap coins that will be profiting to you. Focusing more on coins known to the market not to regret. |
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11
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Other / Beginners & Help / Re: Here is best place to start
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on: December 28, 2021, 05:12:35 AM
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The atmosphere of this forum is not much different from the real world where you can interact with other people even though they are not people you know. This forum is a repository of knowledge about crypto and everything related to it and you need to learn if you want to increase your knowledge.
This is true with the family it is serving the role of extended family and everybody talking like brothers here. You can ask questions and you get good answers. As a newbie you don't invest in what you don't know to avoid regret so you can always ask questions. You are welcome onboard
Usually people find it relatively difficult to earn merit that serve to increase rank up, but not so with you because currently you have 4. So continue to enjoy your time on the forum and make this forum a fun place to be.
I think that the knowledge about cryptocurrency is what is needed first before merit begins. He is lucky to get some encouragement in merit already but adequate knowledge and skill will help grow for him |
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12
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Economy / Economics / Re: What are common arguments for Bitcoin?
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on: October 14, 2021, 04:38:31 PM
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As a new investor you have to know it that nothing stays up forever . You will understand that higher price today and lower price tomorrow maybe a longer time like 2018 to 2020 but don't lose your hope to dump take example of Ist quarter of 2020 to this 2021. Give sometime for your investment in bitcoin to grow higher.
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13
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Bitcoin / Bitcoin Discussion / Re: Defining Bitcoin
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on: September 12, 2021, 05:18:30 PM
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Your definition you make it simple to everyone understanding of it but a place that you talk bitcoin to be known as only the cryptocurrency to be known as money is not very well to me. You know bitcoin is cryptocurrency like etheruem and others and they also use for money through convert to currency fiat or money through bitcoin but your article is good for knowledge.
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14
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Bitcoin / Bitcoin Discussion / Re: Next Country to accept bitcoins is legal tender?
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on: September 07, 2021, 05:50:43 PM
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Next Country to accept bitcoins is legal tender will be BLANK? Serbia.
I suggest you can take this topic to speculation area . That is the angle it should go because it is more of speculation when you have not provided link to that. I think EU countries are not the next in line for adoption. |
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15
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Other / Beginners & Help / Re: Newbies ! A wrong (Altcoin) selection would destroy your dream
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on: August 16, 2021, 02:36:55 PM
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So my wrong (Altcoin) selection lead me to break my dreams. If I were just left Bitcoin rather than move into altcoin then I should be in a good position today. Now 1.5 BTC is worth too much especially when it was above $60K.
Maybe not all altcoins can give you such regret. If you shifted into binance or Ethereum, I think it may not affect you as you complain now. Binance in 2018 was still extremely cheap while Ethereum was still below hundred, you can see the difference in price now and you got big money for investment too which can help to put more profit to your wallet. You actually made a mistake and a lesson to learn. |
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16
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Economy / Speculation / Re: Is bitcoin a good investment in this pendamic situation?
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on: July 13, 2021, 02:29:53 PM
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Crypto currency is one of the best investment platform in whole world. Where bitcoin is more profitable and secure investment which we have already proven. So in this pendamic situation those who wants to hold an asset that's resistant to inflation may find investing in bitcoin will be a good idea. Because Where the central banks of any country have the permission to print infinite amount of fiat currencies on the other hand the quantity of bitcoin is fixed in number and limited by its supply capped at 21 million. I think demand is more than supply is applies for bitcoin so in this pendamic situation bitcoin will be a good investment.
Whether the pandemic situation or not the supply quantity of bitcoin is the advantage over Fiat . In time to come in the future, the price of bitcoin will sky high for profit to hodlers. Fiat currency is usually inflation chanlenged which makes the value of purchasing of products reduced but bitcoin is not having such challenge, meaning more investment will come into bitcoin. |
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17
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Economy / Economics / Re: Risk of Inflation in Economy.
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on: June 17, 2021, 08:43:17 PM
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Even putting money into bitcoin won't solve the situation because you are part of the country or system and when you make withdrawal of the coins or converted form, you still use it to buy in an inflated system, the worth of what you are getting will be lower if it was not inflation. Inflation is a big challenge to every economy.
Are you sure about what you are talking about? Yeah, it is like that but no matter what the situation is, it's always going to be better for your capital to have more in USD or in BTC. The way that you can not be affected by the inflation of USD is by not letting your money stay in USD. In that way, you lessen the effects. Taking advantage of the current volatility of your assets as well. You have to realise that volatility is in two ways, either for bullish or for bearish. When you hodl or invest at wrong time, your investment drops and may worth less even when converted to fiat. Except you have to change into stable coin to retain its value. Inflation affect the crypto except if the bull season resume. |
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18
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Economy / Economics / Re: As we Know Good things Don't Come for free
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on: June 13, 2021, 05:43:07 PM
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So per my knowledge uk can eat all the dollars No doubt thinking so. The UK and Biden are already getting aggrement on economic, business agreement and how to better grow the economy and the dollar is one strong currency to use for whatever transaction. The UK won't be agreeing to such economic development deal if they are being enemy to the dollar. |
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Alternate cryptocurrencies / Altcoin Discussion / Re: Does this make any sense?
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on: June 05, 2021, 04:21:14 PM
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Burning of token is to reduce the number to an attractive quantity that will increase the interest of investors to buy which will cause an increase in the price and it is usually said when the token is already out in the market but if it is before the token is listed, we have to be careful. But some projects also announce in their roadmap that they will reduce the number of token.
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20
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Economy / Economics / Re: Organised crime
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on: June 04, 2021, 03:27:38 PM
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The fact people misuse an opportunity doesn't necessarily mean such is a bad innovation. Organised crime using Bitcoin isn't different from organised crime using fiat just that the ease to which bitcoin can be transferred without detailed information of who the recipient is. Just like we can't still stop the use of the internet because it's where the general concept of this digital compactibility emanated from. Learning to stay on alert and being security consious both online and offline would rather be the approach to tackling this.
Truly staying at alert is the solution to the very many situation being faced in the society. Crime is as old as the world and so it can't be stopped and bitcoin won't be blamed or made to look as the course or growth of crime. The government should also stopped fiat use to pay assassins to eliminate opponent and in office. Fiat is used for many of the crimes before the innovation of bitcoin. |
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