Isn't the rate of inflation calculated based on the price of essential products compared to the price of last year? I don't know how they can fudge numbers if other economists can see that.
Because each government can pick and choose which products they deem "essential". The list seems to change rather often, generating confusion and raising suspicions. But isn't there a standard procedure for it, something like an average price index for essential goods taken from the current rates, then compared to the rate taken from the year before? There are at least three procedures for it, RPI, RPIH and CPI. And, even then, the accuracy of each of those is still questioned in certain circles. No one seems to be able to agree on which formula is most accurate. Plus, as I mentioned earlier, whichever procedure they use, they can also change the items they choose to base price increases on. |
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It remains to be seen what the inflation rate will look like in several years time.
It's also difficult sometimes to know what the real rate of inflation is. Different governments use different formulae to calculate it, giving the impression that they prefer to fudge the numbers a little to make the situation appear less dangerous than it really is. Isn't the rate of inflation calculated based on the price of essential products compared to the price of last year? I don't know how they can fudge numbers if other economists can see that. Because each government can pick and choose which products they deem "essential". The list seems to change rather often, generating confusion and raising suspicions. |
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The Economic crisis will last for MANY YEARS The Great Depression lasted 13 years. The government is doing exactly the WRONG things, which will make this economic crisis last even longer.
If that's your argument against investing in Bitcoin, I'd love to hear what you think the arguments "for" are. You could be the greatest advocate we've ever seen.  " Buy those government coins, they're doing it wrong and are ruining the economy"? You see how that doesn't follow logically, right? you just invested in the wrong asset.
I think we'll let history be the judge of that. It seems to be more qualified than you.  |
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A l s o n o t q u o t i n g L o y c e V ' s o r A l e x S i m i o n ' s r e p l y i n c a s e t h a t t r a n s m i t s i t t o o , h e h .
//EDIT: Fail. Doesn't work. Maybe just taking part in a crowded topic is sufficient?
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T e s t i n g t h e t h e o r y t h a t i t ' s o n l y t r i g g e r e d w i t h c e r t a i n c o m b i n a t i o n s o f c h a r a c t e r s .
M y l e t t e r s a r e p r a c t i c i n g s o c i a l d i s t a n c i n g , h e h .
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I dont think so.Bitcoin has already establish its identity itself.Even now that the price of btc arent stable and dump i still considered it as a safe haven.
I guess for most people, their perception of whether or not Bitcoin is safe haven will depend on what price they bought in at. I've been around since 2013, so it feels pretty damn safe for me, but people who bought in at a higher price than I did naturally won't feel as "safe". |
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It remains to be seen what the inflation rate will look like in several years time.
It's also difficult sometimes to know what the real rate of inflation is. Different governments use different formulae to calculate it, giving the impression that they prefer to fudge the numbers a little to make the situation appear less dangerous than it really is. |
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BUT, a lot of people mortgaged their houses, borrowed, used money they can not afford to lose hoping to get rich from a BitCoin investment. These people will be DESTROYED mentally and financially if BitCoin goes down in the 1000's or below.
Then that's the fault of those particular people, not Bitcoin. They'd have undoubtedly found something to lose their money on if they're doing stupid shit like that. |
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it is easy to believe if you are long enough in the industry, of course there is plenty of people that were introduce to BTC by mass media in 2017, bought it on the top, and for them this is a meltdown, but three facts should be always in mind prior to investing:
- never borrow money for risk investments
- always do your own analysis prior to investment
- never invest more than you can lose in any investment, especially risky ones, like BTC
Yes. This is the type of balanced stance the topic should aim for, IMO. I know it's tempting for some, myself included, to counter-troll the OP with an equally strong retort, but that's not sound advice for others. Ideally aim to hold perma-bears and perma-bulls to the same level of skepticism, because the truth is that no one can accurately predict what's going to happen to prices. If you try to predict a drop, it might go up. If you anticipate a rise, it may fall. If you suspect prices are going to stabilise, volatility could increase. If you think there's going to be a sudden move in the markets, prices could well remain as they are. No one knows. |
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I think it's going to be a couple more decades before we reach the abolition of cash. There are still enough elderly people who are complete technophobes. Some of them still want to pay for things by cheque. People like that simply wouldn't cope.
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I'm conflicted on this one. I'm naturally drawn to the pragmatism of the "live and let live" attitude some have expressed, but I also have a weird kind of respect for Lauda's decidedly puritanical stance.
Looking at it solely from an impartial, practical sense, I can only ever see it creating a constantly moving set of goalposts if, once we've even established what the criteria is, we try to judge whether an "established" altcoin remains so over time. Crypto moves pretty fast. I remember a period when Namecoin and Peercoin were considered part of the furniture, traded for BTC on just about every exchange you could sign up for, but now they're just largely forgotten trinkets for bagholders. What might be viewed as established today may not stay that way tomorrow, so it's just going to cause arguments later down the line when someone has to make the arbitrary decision that <x> coin is not allowed to be included in on-forum giveaways anymore, but rising-star <y> coin suddenly is.
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Then we could (if we were equally asinine as you) use the same argument to say that no one should hold any stocks because it's bad for your mental health that they can crash during an economic downturn. But that would be stupid, because you know that stocks can go both up and down. None of your arguments make any rational sense. You are just blurting out whatever you think will sound vaguely ominous in an attempt to scare people off. It's just sad. Find a new hobby. |
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DooMAD, nothing has changed about it, it all comes down to a lot of nice promises and easy money, based on the myth that BTC is the magic money of the internet that can be made by mining. But why buy expensive devices and consume your electricity when there is an easier way to mine in the cloud, which is a great idea for beginners who think they will make a fortune if they invest $100 or less.
It's always wise to learn from other people mistake, and there are thousands of testimonials from those who have lost their cloud mining investment over the years. The fact that such a thing exists today tells us that there are still naive and ignorant people, and that there are still those who profit on their behalf.
Okay, that's what I thought, heh. Good to know. I can't imagine ever getting mixed up in such a scheme, but it's reassuring to get confirmation and hopefully instructive for the less experienced, too. |
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It depends on your budget. IF you have less than $100 then you can try cloud mining. Most of the cases cloud mining accept $10 investments. You should be careful of your investments as there are many scammer around the globe. Other ways to earn is by referring your cloud mining sites. Post on many forums, blogs, social media sites to gain referrals. Referrals are the key if you have less budget.
Legit way to earning from mining by mining using hardware etc. But these are expensive for newbies.
Also, mining Altcoin is a better choice. It is your own judgement to choose what currency you will mine. You can try exchange site for mining. Remember most sites have their minimum requirement or limit for withdraw Crypto.
I've been around for a while and I've still yet to hear of a legitimate or reputable cloud mining operation. I'm happy for someone to correct me if my information is outdated, but I'm still working on the assumption that all cloud mining is a scam. |
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Probably an unpopular opinion, but what appears to be happening is that many of the primarily capitalist countries are taking a large step towards socialist policies, at least in the interim, because that's what seems to be working.
*dives for cover from impending gunfire*
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Any good guide to Bitcoin mining should start by emphasising that getting involved with mining Bitcoin nowadays is a serious undertaking. It is not something you enter into carelessly. Many people still assume that mining is an easy way to make money, but you can actually lose money if you buy the wrong hardware or fail to correctly calculate the cost of your electricity.
Make absolutely sure you know what you're doing before you invest in any mining equipment.
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I go farther around the middle of 2019 on Binance Bitcoin hack, many who we were following the incidence, we did hear some rumor that Binance may get access to those stolen Bitcoin which was around 7000 Btc, but later on, after Binance talks to several professional people, they roll back and stop with the response from the Binance leader who said that we did not do because of advice from such people and we might hit Bitcoin Credibility, This also brings worry that we escape governments to get financial freedom and we are /we might stack to other forms where few people may decide the market condition of Bitcoin and Crypto in general, which I see it is not safe, this question my mind if somehow bitcoin can be manipulated by another interested part/s.
It seems to be a common occurrence for people to conflate " an issue a particular service has" with " an issue with Bitcoin". They are not the same. If you use Bitcoin the way it was designed to be used and don't leave your funds in the custody of third parties, you won't find yourself involved with these little dramas. As far as I'm concerned, if you're using it wrong, you forfeit the right to talk about credibility. |
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*mindless rambling*
You're still missing the point. The network continues to function. Whatever happens to the price, I can still use bitcoin to send transactions where visa, mastercard, paypal, etc, will not permit me to send payments. If I want to support an organisation like wikileaks, I am free to do that. You will only be making payments that your bank permit you to make. I have my freedom. You don't. If you want to scaremonger about the price of freedom, go ahead. Have fun being a frightened little prisoner who doesn't control their own wealth. |
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Perhaps it would help if we could outline an "identity" that we all agree on? People will probably argue for the rest of time on whether it's appropriate to call it a "currency", "asset", "digital gold", "safe haven", "store of value", or whatever other phrases get bandied about. Each and every one of those terms can conceivably be disputed depending on the current circumstances. We need a description no one can dispute.
What if we described it as a global safe deposit box?
The fiat value of the contents you keep in a safe deposit box can change, much like the fiat value of bitcoins.
Only the person with a valid key can access the safe deposit box, much like the bitcoins in your wallet.
Seems like a better "identity" than those other popular phrases people use.
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What's "real" is the global, trustless network of nodes that help secure the network. You can't make a digital copy of people choosing to be part of a network. There's no financial incentive to run a node unless you are mining, but people are still freely choosing to do this.
Just like people that choose to be a part of any PYRAMID or PONZI scheme, they all have a financial incentive to participate What part of " There's no financial incentive to run a node unless you are mining" did your brain fail to parse? |
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