All of this is really not as big of a deal as Ohio starting to accept crypto for crypto taxes for example. Bitcoin is not really a mass adoption deal until the mainstream media makes it out to be, if there is no news channels airing bitcoin on their prime time then there won't be too many people coming in. They are all valuable and they are all awesome and shows how gradually we will become more of a standard but it won't happen over night and we need stuff like this all the time. Not just for this once but like all week every week.
Big companies going into bitcoin really makes a difference but without continuing their support we can't have a big difference, look at amazon and steam for example, they accepted bitcoin for a while and that would have increased the adoption for sure but then they stopped, we need them to pick it up and not stop, not just them, any of the big companies.
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I honestly feel like there would be a bit of difference between selling your bitcoins for extra money to pay for stuff during recession. For example, the first one would be easily covered by the whales buying but at the same time we will still have miners selling which whales usually cover. Second one is not that easy because they already lost money on stocks and they would want to recoup that money quickly and gold will not make that money that quickly, they really will stay in bitcoin. Third one could be true and I believe those people who have excess money and not even care about how much bitcoin they have might so that is true. I have no idea about the fourth, the truth is I actually have no idea what parabolic runs means . That is why I find 1 correct, 2 wrong and 1 indecisive on these.
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I am more than okay about it, I would be super happy about it, I have been literally waiting for bitcoin to get to 10k for a long time and ever since it did I have been super pumped about the potential of bitcoin.
People only look at the price of bitcoin at the current stage and never really look beyond that and how it can affect the future of bitcoin as well. Like having bitcoin at 10k right now means a lot better than having bitcoin at 4k right now for 2020. Not even like the current price and how we should trade right now or anything, look beyond today, the price we have right now shapes our whole future, and that is why I love bitcoin at 10k, I would love it if it was even higher but I am super happy that its not anything under like 3-4k it was just 6 months ago.
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It is really a big deal to have those companies on our side though, like we really have to make a big difference in order to actually take a deep dive into global adoption, unless we get those online places we won't start doing it. You may have hard time convincing regular shops to start accepting bitcoin, there are a few but globally it is not even 1% yet, it is probably not even 0.1% yet so it is not an easy task.
However, if you convince places like say amazon, ebay, steam, and many more other places that are basically fully online to start accepting bitcoin then you may have a chance at becoming really really big. Adoption rate would go up in the sky, when those big places accept then smaller online places will as well, then you will end up having like bitcoin as a standard online payment option.
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Free tickets for stuff like this is a bit of a tricky situation. Now we have people who have bought tickets directly and thats great, that money goes directly to the lambo purchasing part (they probably already have that much money anyway) however for people who get deposit bonus tickets, people who earned from affiliates and got it, people who wagered and go it, they are all basically getting a ticket for free without spending their money. This is why casino is actually not profiting as much as people think, just calculating how much tickets where bought times the ticket price doesn't make it justice. Are they making ANY profit?
Well maybe, only wetsuit can answer that (maybe thequin as well) but I doubt the number is that high, I would bet on not making any profit so far.
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I have been holding both of them for about 1.5 years now, not fully but 1 years and 2-3 months. Of course, I still have more bitcoin than ethereum but I find it easier to put "savings" into ethereum and money I earn and make goes to bitcoin directly. So, I work and get paid, I instantly send 5% of it to ethereum, than I keep about 10% on bitcoin, than I withdraw all the rest and spend it, most of the time its enough for me, for the past 2-3 months I had to cash out almost all of it because I went to vacation and I had no money this year so I had to make a debt just for vacation (I know it sounds silly but I had to reset myself). After that I just went ahead and started paying my debts, I will be debt free in 2 months and will start saving again, putting 5% of all my income to ethereum and 10% to bitcoin. I think yes))
From a trader's perspective, still BTC must be a good choice when considering the enough volatility to make use for their trading whereas ETH is not giving enough movements to make use it for profitable trading.
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Fed, au and europe is about to cut rates. But Why Bitcoin is Still low? 2017 was Even less rate cuts but btc was 20k.
Now everywhere is rate cuts but btc Price is Still low
Those take time, I mean psychologically sometimes it doesn't take time and people do it right away however that doesn't matter because even if it doesn't happen right away eventually it will do some damage. We are talking about rates here, you need to actually start using it, like on loans, on interest rates, on credit cards, basically everything which means you really have to wait for it to be used by people and get more common, the more common it gets the more price will be affected. We will see bitcoin going up again, maybe to 20k maybe more or maybe less but in the end it will go up. Don't get me wrong I am not saying 2017 was due to rates but even if it had any relation to it than the relation was due to people using it and not the news about it.
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If the trade wars continue for too long that would mean that countries will not be able to trade with each other with ease which would result with product prices going up and that is why the inflation will go up and that is why bitcoin will go up.
However, I think no country can afford to continue this for too long, not USA, not China, not UK and maybe Europe, I mean Europe is the least affected one among all of this, UK does need EU but EU doesn't need UK that much, they are still consisting of ton of countries and whatever UK has brought so far will be replaced by other countries collectively, even if not to the fullest it will be covered a bit. So, maybe EURO-BTC price won't be affected as much as POUND-BTC or DOLLAR-BTC pairs because of not so high inflation there.
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Guys you are forgetting one real important thing here, UBI is not suppose to be a wage or a salary, it can't be that high and it can't provide you with enough money to live without working, it has to be low enough that you do not starve to death, we are talking about maybe 200 bucks a month, do you really think a person in USA can live on 2400 a year? Of course not, you won't be able to live in a house with that kind of money and find rent let alone have enough for anything else.
Reality is if you do not help people then they will find a way for themselves, they may start drug dealing, they may become homeless drunks, they may steal, but in the end no human would just let themselves starve to death, certainly not their family if there is one. So with this you are telling them "look we want to help you out a bit but you gotta help yourself out as well" and bring that "almost on the verge of criminal life" people to "finds a McDonalds' job" levels.
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I wonder if there would be anything different than a stable currency. Like if they do something along the lines of bitcoin or any other altcoin or will they go for something like USDT but for their own currency (yuan I believe).
If they do something like YUANT or something (totally making up the name) then it would be a lot worse because it is basically the government giving away money to foreigners as well, people could potentially use the "made up" coins and buy yuant with it, like have some worthless ICO money they have that all combined makes millions of dollars (not just one person but everyone) and they could buy yuant with it and then sell that for real yuan and sell that for dollars which would hurt the chinese economy a lot. That is why I think they should focus on a real crypto currency instead of a stable one.
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Volatility is caused by no-regulation, right now there is no regulation on bitcoin and it will probably never be and that causes people to be able to manipulate the prices and I think that has more to do with price going down and up so much than fear.
Fear does play a bit of role of course but whales selling all their coins (thousands of them) all at once is a bigger problem we have, we have to figure that out first. Of course, peoples fears should not be affecting bitcoin price but there is really no way to stop people from being afraid or no way to stop people from selling when they are afraid which means we will not be seeing any end of those people dropping the price even more. If someone figures out a way to stop it than I am all ears but thats not gonna happen.
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You may not have one nation in all of the world but you can have an alternative currency for all fiat. Just to give an example right now if you have 100 dollars you can go anywhere in the world and cash that out to local currency and spend it or you can even spend dollars in many places all around the world. That means we have already created a system where there is an alternative currency for all currencies : the dollar.
So, if we can take out the dollar in that sense and replace it with bitcoin than we can have bitcoin as a super expensive price because than people would be buying bitcoin like hell in order to spend it on other nations. Lets not forget that there are billions of dollars going to tourism every year and if bitcoin could get a slice of that market share we would be above 100k already.
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I think traders are really waiting for a move and that is expected of them. Not that any sensible long term investor is expecting anything big but traders make their earning from daily trades and that requires movements all the time, bitcoin has to go up and down constantly so they could make some profit. That means there are "some" people who are sick of bitcoin not moving, not the general public, not the bitcoin community as a whole but there are "some" which is the trader block of bitcoin world.
They are not minority neither there are a ton of them and they are vocal about their situation so they get more mainstream attention as well. So maybe bitcoin has been stable for far too long since there is a good amount of people who are expecting it to make some move.
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It depends on the developer really. There are some developers who knows how to make a mobile app look great so having one would mean a lot and you can use it but at the same time having a gambling app would be way too risky and may not get a greenlight.
However, there are developers out there who can make the mobile browser look of a website totally different from the PC browser look and you can have a totally new one on your phone browser, not even similar looking, totally brand new when you open it from your mobile. So even tho optimizing on an app sounds better its both riskier and you can find a web browser designer a lot easier as well and can get it done much more quickly. So I would say improving the mobile look of it is top priority over having an app.
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It didn't ask for "stop", it asked for it to be postponed so that they could research and analyze it a lot more so that they could give it a greenlight.
You have to understand in case of stuff like this its always easier to stop them from creating it and figuring out if there is any problems and then allowing them to exist afterwards instead of letting them create and then try to stop it when you figure something out while its on its existence, it would be a lot of hard work to stop something that is already in the hands of millions of peoples versus stopping it just before its launched.
So, congress is basically saying "before you do anything, let us take a look at it and see if we will find any problems, if there is none then you can launch it" right now.
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If Americans elect trump for another term that means they are really idiots. First of all anyone who has seen what has happened to economy and what has happened with freedom of press and many other stuff would easily understand that Trump is not doing well for the country, that is obvious and it affects the whole country plus worldwide as well.
Let's not forget that he is an idiot and a crook as well, he has done stuff enough to be jailed after his term is done yet Americans allow him to continue running their country, we are talking about a whole nation and its politicians being fine with a criminal at presidency. All these things considered if he is picked once again it doesn't matter who is facing against, he can face you or me and still should lose but if he wins than the world is simple screwed.
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What would you expect the wealthy owners media to say to you about the politician they are backing?
Think about it this way, you are super rich, you have a president that you can talk anytime you want, he allows you to pay less taxes, he makes your legal problems go away, you give him air time that makes him look good and in return he helps you get more viewership via special interviews, then economy goes bad and there is a risk of him not getting elected again and someone you do not like or they don't like you will be elected instead.
What would you do? Show how bad trump is running the country? Of course not, you would show him as the greatest person who ever lived in order to keep him in office to squeeze more money out of him, that is whats going on.
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There is not a single chance they win the whole cup, hell the fourth team of all groups will actually be so bad that people always think like why is this team here.
Most of the time the last team ends with zero wins and say good bye, they are there to just play and not withdraw from the competition that's it. That is why china is definitely better than at least 2 teams of their group and probably better than Poland with the support as well however as soon as they move out of that stage we are talking about leaders and second teams of each group and they can only hope to have one win, after that they are definitely gone because only the great teams will stay. Hell even semi-finals is not really decided because one of the 4 big teams may face each other before hand (I don't know how it works or if they will face before) so it is really improbable china does anything more than moving out of group stage.
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Bakkt would have to make a lot of customers and a lot of volume in order to justify the attention it is getting. If they are going to end up with less than 100 million volume than I am sorry but it doesn't worth the attention its given. If it reaches over a billion however and some of it is new money coming into bitcoin instead of people moving from places like bitmex to bakkt than we can honestly say it was worth the wait.
Has anyone ever found any data or information about how much volume they were expecting and how many customers they are projecting to have when this is starting? I know the first few months will never be as great as the 6th month but the start would tell you a lot, if they start with 80 million dollars than reaching above 100 is quite easy but if they start with only 1-5 million than it will look very badly for their future.
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