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1061  Economy / Economics / Re: What could Elon Musk be buying next? on: August 09, 2023, 06:55:17 AM
And as for what it's going to buy in the future, it's really hard to say, AI companies are possible, but I think right now there aren't any fast-growing AI companies, maybe Elon Musk will build one from scratch.

You are absolutely right, he might decide to establish his own AI company starting from ground to up, incorporating wide range of functionalities those are presently not available within realm of artificial intelligence. His intrinsic inclination towards forging unconventional paths through his innovative concepts positions him a role model for students pursuing science and technology.  
1062  Economy / Economics / Re: What could Elon Musk be buying next? on: August 09, 2023, 04:02:09 AM
I think it is very challenging to predict future purchases of Elon Musk. Nevertheless, it appears that nowadays his recent focus seems to reshape his twitter platform into a diverse enterprise. His vision is to convert twitter into a multifunctional company that enables users that enables users to not only interact socially but also to purchase goods and services. It is also possible that he might establish infrastructure to incorporate crypto currencies as method of payment within this framework.

Given Elon Musk's keen interest  in Artificial Intelligence technology, he might purchase one of the existing AI companies in future.
1063  Economy / Economics / Re: PayPal becomes first major fintech to launch dollar-backed stablecoin on: August 08, 2023, 04:23:38 PM
Indeed, it is a significant development in the financial and digital payment landscape. Backed entirely by fiat currencies, this stable coin signifies substantial step forward to gain confidence and support of investors. As Paypal holds a prominent position within the  landscape of payment system, its active participation in crypto currencies arena could potentially accelerate the widespread adoption of cryptocurrencies.
1064  Economy / Speculation / Re: Buy the DIP, and HODL! on: August 08, 2023, 06:53:32 AM
I am still trying accumulate $20 Bitcoin in daily day trough price under $30,000, my planning until Bitcoin raise to $50,000 stop accumulate and take profit since one years spent few percent of my salary spending to invest in Bitcoin. In my environment have tradition with saving money called lottery club or "arisan" and each time of duration have more than 20 until 30 member, each member will get their fund in next ten days later which spending from 10$ until $20 in daily day and take more than one or two years duration for every one getting their saving fund. But I change my mindset than holding with fiat get potential inflation in the future, I try with accumulate Bitcoin and not stopping yet until bitcoin one day later back up above $50,000.

Its bitcoin still on the dip and as much possible accumulate and keep holding until one time selling our Bitcoin assets in the higher price,

Your well thought plan to accumulate Bitcoin below $30,000 is a disciplined approach to take advantage of current lower prices of Bitcoin. This opportune moment presents the potential for favourable outcome in the long term. Moreover, this is the right time to buy and hold Bitcoin as halving event is only  eight months ahead, and many EFT applications are in process, in particular BlackRock ETF. These crucial events can potentially trigger significant buying activity in the market, and Bitcoin may surpass its next resistance level of approximately at $32,400.
1065  Bitcoin / Bitcoin Discussion / Re: Bitcoin Is Not Crypto, The SEC Confirms on: August 08, 2023, 12:52:59 AM
Yes, it's true. The SEC doesn't consider bitcoin  a security, but it thinks that of most altcoins, not all though. For instance, they said that ETH is probably a security, but couldn't even begin to set up their case against it. The SEC also claimed that XRP is a security, but lost its first court case... The fact that someone is guilty is one thing, whether you can prove it is another. There are no clear rules here and with all this precedence, the cases are going to drag on for years.

The recent statement of SEC regarding Bitcoin suggests that they have no intention to target  Bitcoin, which is undoubtedly good news for Bitcoin enthusiasts. However, you are right that regulatory clarity regarding crypto currencies is still lacking, and numerous cases involving the SEC and crypto currencies may take years to resolve. The rapidly evolving and dynamic nature of technology makes it challenging for SEC to establish a comprehensive legal fame work that effectively addresses all aspects of crypto space.
1066  Economy / Economics / Re: Inflation overpowers the value of money on: August 07, 2023, 03:40:01 PM

Inflation does not effect only poor but its also a big threat for wealthy people and everything is of higher cost instead of vast amount of resources present in our country. May be the country's leader do not have any idea about the uses of these resources or may be they are scarcity of these resources but what I know is that here is abundant of gas, petroleum and water resources so they should worked on it to provide for each and every individual of a country.

You are absolutely right, inflation also affects wealthy individuals who run diverse businesses, as cost of doing business escalates when interest rates increase due to higher inflation rate. It is important to recognize that central banks continually strive to maintain inflation and interest rates at a reasonable level so that business can borrow money from banks at minimal rate to meet their financial requirements for business operations and growth. Achieving a balance between inflation and economic growth is an ongoing challenge for policy makers to ensure stability of the economy.
1067  Economy / Speculation / Re: Buy the DIP, and HODL! on: August 07, 2023, 08:09:05 AM
You need to be careful about suggesting that people sell BTC at various price points - especially if you are suggesting that they would be "taking profits" by selling because there are a lot of people who have way too few bitcoin, and if they end up selling bitcoin too early and/or BTC price does not end up falling, the they may well end up screwing up and engaging in bad practices - including that this thread is not really about selling BTC to make profits, but instead investing in the long term, continuing to accumulate BTC, and perhaps down the road many more options could well be available due to a practice of primarily accumulating BTC over many years, even if there are UPs and downs along the way.  


Appreciate your prudent advice to exercise caution while making decision to sell Bitcoin during the  small rallies, specially when the intention is to time the market and predict the movements. Such actions can be very risky, potentially reducing the amount of Bitcoin held. It is crucial to continue holding Bitcoin during the period of market volatility and avoid making impulsive decisions. I firmly believe that exercising patience yields positive results ,when it comes to investment in Bitcoin.
1068  Economy / Economics / Re: The future of Farming. on: August 07, 2023, 03:14:55 AM
Land is becoming lesser and not very available for agriculture as before, There is a lot of Urbanization going on and many land space are being built on to carter for the increasing number of persons. There will be lesser organic foods available for consumption as the worlds population increase and farming space reduces. Because of this, there now has to be an improvement in farming methods and I personally consider vertical Farming to be the future of organic food farming.

In vertical farming, Plants are grown in stacked layers under controlled conditions like green house farming.


Vertical farming is indeed a promising concept and it can potentially address the challenge of land scarcity resulting from urbanization specially in developed countries. However, it is important to acknowledge that there is still substantial amount of land  available that can be utilized  for crops cultivation by investing in land preparation making investment on land preparation and arranging energy resources to support modern farming practices.

The developed countries should take initiative to make investment in underprivileged countries, not only to uplift the lives of the people but also address issue of food shortage.
1069  Economy / Economics / Re: Inflation overpowers the value of money on: August 06, 2023, 07:09:48 PM

Although I've never bothered with the stock market, I believe that sometimes combining your options and creating a diverse portfolio is the greatest option in minimizing the risk.

It is important to highlight that Stocks markets have been established as traditional platforms  for investment and trading of shares since decades. These market play important role to channelize investment for growth and expansion of companies business activities. Moreover, they have been instrumental  in creating many Millionaires who timely invested in highly performing stocks, such as Amazon, Apple ,Exxon and many others.

In summary, it is advisable to include stock of well performing companies in our investment portfolio, in addition to Bitcoin, to effectively mitigate the impact of rising inflation.
1070  Economy / Economics / Re: Inflation overpowers the value of money on: August 06, 2023, 07:11:58 AM
All banks offer poor interest rates that can't compete with the increasing inflation, even at normal periods when it isn't spiking like it currently is. The only way to counter inflation is by investing in assets, such as stocks or bonds.
Indeed, investment in stocks and bonds is considered as a secure option that can help counter the effects of inflation, as their long term returns have often been significantly higher than inflation.  However, it is worth mentioning that returns on Bitcoin investment have consistently been far higher compared to traditional assets over the past 15 years, due to its inherent characteristics of hedge against inflation.
1071  Bitcoin / Bitcoin Discussion / Re: Days you need to work your ass at minimum wage for a BTC, by country on: August 05, 2023, 05:00:46 AM
Bitcoin is for everyone, so accumulate what you can, and sure the people in the more rich nations have advantages because they tend to have more discretionary income, yet at the same time, a decent number  of the people in the rich countries do not appreciate the need to accumulate bitcoin, so the people who are starting to accumulate today and recently are still likely going to be advantaged over those people who might not figure out that they should be (need to) accumulate bitcoin and they might not start accumulating bitcoin until 5-10 years down the road, and therefore those people who are starting today may well have a 5-10 year head start on other people who might start accumulating bitcoin later.

Indeed, Bitcoin is inclusive and it is for everyone. It is accessible to people regardless whether you are living in developed or developing country.  However, as you said citizens of rich country have advantage of better earning opportunities to accumulate Bitcoin. Individuals residing in developing countries can also accumulate bitcoin by participating in various earning activities on platforms such as Bitcointalk. Moreover, they can set up small scale mining unit powered by solar panels, enabling them to make profit and participate in Bitcoin ecosystem.

Bitcoin empowers people worldwide to be a part of this financial revolution.
1072  Economy / Economics / Re: Inflation overpowers the value of money on: August 04, 2023, 03:44:33 PM
Actually talking about inflation is a complex matter and requires in-depth study on this matter. But as far as I understand that inflation is actually needed by a country to be able to control their economy and their currency. But of course the government's inability to control inflation will be fatal for them, because it will cause chaos in their economy and there will be many people who have difficulty being able to buy their needs because of rising prices. That's why smart governments need to be able to manage inflation and deflation in their countries so that this will not affect the economy and the value of their currency.

You are absolutely right, inflation is a complex and multifaceted phenomenon, and its not always bad for the economy. Government often utilize this tool it to stimulate the economy and sustain business activities. In fact, it is better than deflation that slows down the economy and causes job losses. Therefore, it can play a constructive role in maintaining a healthy and dynamic economy when used prudently.
1073  Economy / Economics / Re: Inflation overpowers the value of money on: August 04, 2023, 08:33:29 AM
You left out a very important one: high energy prices, which affect everything. If gasoline and electricity prices go up, you not only pay more to fill up the tank and for the electricity in your house, you will also pay more for groceries, for example.
In fact, the inflation we have been experiencing for a couple of years now is mainly due to energy prices and massive post-covid printing. Then it was exacerbated by the Ukrainian war, but it started earlier.

Indeed, energy prices play vital role in influencing the fluctuation of inflation rate, and it is an important component of consumer price index (CPI). We have witnessed how sharp the prices of energy surged aftermath of Russia Ukraine war due to supply chain disruptions, which subsequently caused rapid increase in inflation. This situation serves as a good example that how fluctuations in energy prices can trigger sharp increase in inflation within short timeframe.
1074  Economy / Economics / Re: Reason why you will never become rich on: August 04, 2023, 03:28:16 AM
There are number of reasons why some people never get rich or achieve significant wealth. These factors include, socioeconomic back ground, lack of education and skills, no investment knowledge, but the main factor that determines the success or failure in our lives is mindset and beliefs. It is crucial to cultivate positive attitude towards the challenges we face in our daily life. By doing so we can transform hardship into opportunities and reap the benefits they offer including building wealth and prosperity.
1075  Bitcoin / Bitcoin Discussion / Re: Bitcoin Is Not Crypto, The SEC Confirms on: August 03, 2023, 06:17:59 PM
Bitcoin is as good as gold! In fact, its even more scarce. The SEC is embracing bitcoin because they have no other option but to if they want to get in on the action! The Blackrock ETF news is huge, finally they have accepted this. Hopefully we will see some movement soon, with this halving coming up it could get a little turbulent for BTC but definitely due time to CRUSH THESE ATHs! Lets break 100k savvy!?

You are absolutely right in comparing Bitcoin to Gold, as both assets share common characteristic, such as scarcity and store of value with the potential to act as potential hedge against inflation. The increasing interest from big institutional players in Bitcoin are indeed significant developments, and indicate growing mainstream adoption. We might see substantial buying activity in Bitcoin market, in case Blackrock ETF is approved in mid August, by SEC.
1076  Economy / Economics / Re: what do we thinking about investment target? on: August 03, 2023, 10:48:14 AM
Now it comes to fixed deposit, real estate, stock market, mutual fund, gold investment, any subject we can proceed with the investment target.


It is a harsh reality that inflation is steadily eroding the value of our assets overtime. To effectively mitigate the impact of inflation, a prudent strategy could be to build a well diversified portfolio, that encompasses mix of low and high risk assets. This diversified approach should include real estate, stocks, Gold and Bitcoin. In my personnel perspective, Bitcoin has the potential to be most effective hedge against inflation and market fluctuations, in the long term.
1077  Bitcoin / Bitcoin Discussion / Re: Avoid Procrastination, Buy Bitcoin And Prepare For The Next Halving. on: August 03, 2023, 12:48:52 AM


Yeah, but you are fighting with the hypothetical, because in this hypothetical the BTC price is already $80k and a newbie is coming to BTC and he is having to decide what to do at that time.  He cannot go back in history.

Another thing, is your presumption that BTC will dip merely because it gets to $80k.  That has not always been the case in BTC history, but still we cannot necessarily merely use BTC price history in order to make our decision about what to do.  We have to decide right at that time what to do, and we are new to bitcoin, we do not have any and we have to decide.

If you decide to wait for the dip, then you still don't have any BTC if the price does not end up dipping as you are suggesting that you expect it to do so.

I believe that eventually investment in Bitcoin will potentially yield significant returns, no matter at what price you buy it. However, the decision to invest in Bitcoin when prices are higher or wait for the potential dip is a personnel one. It completely depends on individual's financial situation, risk tolerance level and ability to continue  holding it until the bull season demands patonce. This aspect might play a crucial role in success of investment.
1078  Bitcoin / Bitcoin Discussion / Re: Bitcoin Is Not Crypto, The SEC Confirms on: August 02, 2023, 01:47:05 PM
The SEC distinguishes Bitcoin from other cryptocurrencies and considers it to be a decentralized digital cash, exempting it from the classification of "security" that applies to many other tokens.

Recognizing the unique characteristic of Bitcoin is highly promising  development, as it could open the door for many EFTs applicants including BlackRock to gain approval from SEC. This approval has the potential to act as a catalyst, triggering significant buying activity  in Bitcoin market. It appears as prominent investors are waiting for this approval to take entry in market.
1079  Economy / Economics / Re: The American Dream. What is Your Country's Version of it? on: August 02, 2023, 11:17:16 AM
The core essence  of American dream is providing equal opportunities for every citizen irrespective of their religion, race, color or back ground.This idealistic vision has been adopted by politicians in almost every country, including my own, as a rallying cry during election campaigns. however, the harsh reality is that, nepotism pervades is spread in every sector of economy favoring connections over merit and qualifications.

Even within United States the American dream is subject to criticism due to widening gap between rich and poor.
1080  Economy / Economics / Re: Russian oil and UK on: August 02, 2023, 08:10:57 AM
Sanctions have worked to an extent, but I don't believe sanctions can make Russia stop the war. This looks like a war in that the ego plays a very big role. Neither Russia nor Ukraine nor NATO would want to agree that they've been defeated.
Without the sanctions, Russia would have been able to do more harm to its enemies through economic means and otherwise. At this point, they're just looking for ways to survive whatever sanction that gets thrown at them and they've been managing well so far.

You have a raised valid concerns regarding limitations of economic sanctions in achieving desired outcomes. Economic sanctions may initially produce some results , but later targeted countries devise strategies to mitigate their impact on their economies overtime, and same thing is happening in Russia Ukraine conflict now.

The Russia Ukraine ongoing conflict has led to heavy human causalities, collateral damage and economic difficulties all over the world. We should raise our voices to exert pressure on political leaders to find effective ways to bring this devastating conflict to an end.
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