Isn't it interesting that those who pontificate that "Money is not everything" usually have money?
Be broke for a few weeks unable to pay your bills, pay rent and afford basic necessities, and then let's see if you'd still hold the same position about money.
Let us be sincere and stop fooling around; MONEY IS SOMETHING! A very huge something!! At least in this present world. Might not be a big deal in another world. But in this world? Save me the sermon.
Without money in this world, rarely does anything get done. In fact, many things suffer needlessly without money. Even the Bible is flat-out frank enough to recognize the fact that money answers all things in the context of this present world. It doesn't say money is "the answer to all things" but it answers all things.
So please, before you sermonize me that money is not everything or that money is no big deal, credit my blockchain address with one thousand units of Bitcoin and forget about it. Then I'd believe you. In fact, I'd sing it along with you...money ain't nothing!
As Robert Kiyosaki says, there are only two financial problems - no money and much money. I prefer the second - much money )). I think that rich people are cunning, saying that money means little to them. But in some way they are right, as they became rich thanks to their knowledge and not only. Therefore, if someone immediately takes away all the money from them, then after a while they will again become rich |
|
|
|
https://www.cnbc.com/2018/11/01/fintech-banks-face-extinction-phase-amid-new-financial-technology.htmlRapid changes in financial technology, or fintech, are shaking up the global banking industry. Banks must adopt new technologies to survive an ongoing “extinction phase” wrought by such tech, according to Stephen Bird, Citi’s global consumer banking CEO. While new technologies cannot be ignored, bankers say the primary aim is to use them to provide the best service to customers. Hard figures on how much the new wave of technology has disrupted retail banking are hard to come by, but analysts have stressed that the challenge is real. Do you think the tech here includes blockchain and crypto? I do not think that blockchain technologies play a significant role at the moment. Fintech projects based on blockchain technologies have only recently begun to emerge and have not yet managed to gain the trust of a large audience. But in the long run, I believe that the blockchain projects will lead the fintech market. |
|
|
|
Peak - 16 Dec: 20.000$
Dip - 30 Dec: 12.600$
Peak - 6 Jan: 17.100$
Dip - 5 Feb: 6.900$
Peak - 4 Mar: 11.500$
Dip - 7 Apr: 6.600$
Peak - 5 May: 9.800$
Dip - 28 Jun: 5.800$
Peak - 24 Jul: 8.400$
Now we are at 6.200 going down to the next even deeper dip
This is the long and slow death of Bitcoin as there are not really anyone new who wants to use it (let's face it, there is no use at all, only "investment"), and as current Bitcoin-believers are slowly becoming fewer and fewer, the price will continue this long slow death-spiral
I do not agree with this statement. Bitcoin is already used a lot for payments. I personally know a lot of such services, where bitcoin can be used for almost anything. But as an investment, bitcoin is also good. His growth is a matter of time. |
|
|
|
I see that quite a lot are complaining about the bitcoin dips currently being experienced in this year 2018. Well, don't just sit on one spot nagging, there are other tokens that have been birthed (due to the existence of bitcoin) that are still making people some worthy cool cash. I witnessed about 2 of them this week that made good leaps - Etheera and Trident group.
I constantly observe the rise in prices of different coins. But most of them are risky illiquid coins. If you understand technical analysis, you can make money on it. But the main thing is to get out of this investment in time with a profit. |
|
|
|
When people talk about the benefits of bitcoin over Fiat money, one of the biggest advantages is that bitcoin is more secure and the bank has not control over your money. Generally, people talk about the lack of 3rd party.
Give some examples of the problems with banks you have faced that there wouldn't be if cryptocurrencies existed that time.
On the one hand, this is a true statement. But still there are a lot of people who are not ready to answer for the safety of their money and therefore trust their storage to banks or centralized services and exchanges. |
|
|
|
I'm expecting a new crisis to arise in the next 4-6 years, i think what's happening in the loan and reposition industry creates a pathological state.
Banks are still feeling too safe for what they're doing, their mistakes will sooner or later bring on a decline.
Also considering austrian cycle theory, i'd say we're in the boom. Soon gold and solid cryptos might be the go-to when it comes to keeping your money safe.
How long do you guys think we have until we face the next crisis?
I also tend to think that the crisis will come in the next couple of years. Shiller PE Ratio Index is very high. This indicates an overbought US economy. Moreover, as cyclicality shows, a crisis happens once every 10 years. |
|
|
|
Most probably in this section are users that are interested mostly in Economics, so I want to know why Economics attracts you?
I think that the majority are attracted not so much by the economy as a whole, but by financial education. This helps to effectively deal with your money and possibly avoid major financial losses. But even economics, like science, is also attractive enough for a better understanding of world processes and future financial crises, for example. |
|
|
|
I have seen quite a number of topics here where people have been selling or asking for advice whether to sell their properties to invest them in bitcoin. Am surprised some people forget that crypto investment is not always a win affairs. You either lose or win. You can as well make profit in crypto with small capital if only you have the patience to hold and wait for the time when the market is booming. Do not be a greedy investor. Always invest with an amount you can afford to lose. Have a nice day.
Invest the amount that you can afford to lose - this is true. If I invest in projects that have already been recommended, I do not understand what it means to lose investments. Investments are not lost until you leave the project at a loss. If you continue to keep the coin in a long-term perspective, the profit will be sooner or later. The problems of many - they are too early out of the project. |
|
|
|
Let's create a fictitious scenario where Satoshi sends a message in a way that can be validated/verified < PGP key > and he notify all of us that he is bankrupt and has no access to his coins.
If this is verified, would you send bitcoins to Satoshi, like people did with Andreas Antonopoulos?
We have seen people sending tips to Satoshi's known Bitcoin addresses and to date, bitcoin’s maiden address has received 16.7 BTC in tips, worth around $107 600. <This has never been claimed>
Will you send bitcoins and if you do, why?
If you will not send bitcoins. Why?
I like this theme. I would still send some money to Satoshi. This person, though he did not invent the blockchain technology, but came up with an original idea for the implementation of the technology. This gave impetus to the development of cryptocurrency market. Respect |
|
|
|
Bitcoins have different economic functions. It acts as a central bank. Bitcoins are known as fixed quantities as stocks have limited supplies. The rapid rise in prices has given us many different questions. What is the economic function of this algorithmic currency?
Exchange function of Bitcoin
Anyone with a bitcoin address can use bitcoin. It is impossible to know who controls each address. Therefore bitcoin must be freely exchanged. This means "sacrifice" that bitcoin has created. This free flow of capital can be from any source. This allowed the bitcoin to become worthless a few years ago.
When this currency is rising in value over time. This is due to the limited provision of bitcoins. While there is increasing demand for them. This is similar to how you bought Apple stock in 1980 during your IPO. You will have to pay $ 22 per share. Due to the limited supply of Apple shares and the increase in demand. Today it is valued at $ 520 per share
At present, Bitcoin is going down continuously, so is it a deflation?
I would not consider bitcoin as the central bank or Apple stocks. Bitcoin, as an investment tool, is more like gold. Although it is more technologically advanced and differs in functionality. |
|
|
|
Would it be fair enough to assume that the project has failed, or failing?
90% of Bitcoin being held by an oligarchy of the elite, a cartel of banks, and by governments working together might turn Bitcoin into their "playground".
The situation with bitcoin in this case is the same as with other assets in the financial market. Whoever has more money, he also runs a feast. I don't think anyone will play games. Most likely, bitcoin will be treated seriously as an investment instrument. |
|
|
|
|
Show Posts
