The Bitcoin and other crypto currencies are considered as an instrument to support the Growth in Developing economies. If you can call the growth in terms of transparency then i would say it will help a country develop by eradicating corruption and have a transparent process. They can be very helpful to provide access to financial services to community at large. As they are considered a medium to support growth Process by providing better traceability of funds and help people to escape poverty.
Bitcoin can help people escape poverty if they are willing to take advantage of the free market opportunity bitcoin and the cryptocurrency market is providing and if you are able to do that then sky is the limit but to reach those poverty stricken places it will take a long time and the local government has to intervene in giving them basic internet facilities and so on for that to happen. Absolutely right. Government has to play its role to provide by providing internet facility not in urban areas but also in villages and primary and up to 10th Grade education should be made free so that poverty stricken communities can have access to this great opportunity which is knocking our doors. If all thaw happens, then in many Asian and African countries poverty can be escaped. |
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The Bitcoin and other crypto currencies are considered as an instrument to support the Growth in Developing economies. They can be very helpful to provide access to financial services to community at large. As they are considered a medium to support growth Process by providing better traceability of funds and help people to escape poverty.
Bitcoin have an bigrole on developing country like my country phillipines our citizen are so illerate about the bitcoin they didn't know that it can help in financial problem. Every individuals can earn money in bitcoin because it is tax free and it can help us to grow our money. Very well said. I totally agree with you that literacy is primary requisite to understand functionality of Block chain and its role in day to day transactions. Philippines are well literate. I have worked with them for long time in Middle East. I am quite sure BTC will help to improve their economy by accelerating country's growth rate. |
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I'll take this seriously and putting my bets to $17,500-$$18,00 before we end this year.
Seeing $20k is only less possible to make it come true. The closest we reach at $20k, the slower and harder it moves high, in fact, dumps have something to puddle down and we are moving down again below $16,000.
IMHO, this year 2020 is very different from previous years. Why? A lot of challenges come, not only in the crypto world but also in the local stock market. The good thing is that we are still able to move and gain back the momentum but this is not enough (I think) that it brings us to the highest peak.
You said it very right that 2020 was not is very difficult year for the whole world. All major economies are in Recession including USA and Europe. The only only economy which is still not in bad shape despite pandemic covid-19, is China. keeping in view this dismal situation I think your guess seems very right that BTC will between 17,500 to 18,000 when we be celebrating New year. |
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Bitcointalk username: Sayeds56
Telegram username: @shahidalisyed30
ETH address: 0x2D733d76665414042be9B8CdAdF13F27f9D09AC0
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I think theres too much news going on for a new high this year, you have an election result but its disputed and protracted in its resolution which means doubts can be a negative for most of the rest of this year. You have possible upset from that change of guard. There is the danger of markets over speculating the end of covid when any vaccine takes months maybe even a year to propagate which matters because markets falling will bring margin calls and a need for capital which BTC is to some extent, a liquid source of capital.
Its not negative especially for BTC to pull back at this point, a price often checked is far more assured in its gains long term. Its better to be bullish when people are too apprehensive, where as now most are very positive from these previous gains hence I would advise some caution while taking part purely in a speculative way so that means keep a stop loss on trades.
You said it very right that we should be optimistic but simultaneously not forget to use stop loss while trading. No doubt the probability of further price escalation is on higher side. As well as the data of options market suggests that BTC will break its ATH record before the year ends. Let's wait and see what year end brings for us. |
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Let's take an example of a small business that wants to sell smartphones and needs capital. The company would have to go to the banks to apply for a loan. The owner of the company gets the loan but it is not enough to start his business for which he decides to buy Bitcoin with that money. When the company saves enough to buy its merchandise, it puts its smartphones up for sale and asks to be paid for with Bitcoin and crypto. This entrepreneur does well in his business so he can hire more people and expand his business in several cities of the country.
The paradigm is in the good work of people in adopting Bitcoin and making their projects and the opportunities they have come true.
You have proved the point with good example. Historically developing nations have suffered a lot because of their weak currencies because their value declines with rampant inflation. By adapting Bitcoin as another currency which will not be influenced by the changes in their economy. When consumer confidence is high and peop0le feel safe safe to spend money, certainly, the economy start growing. |
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I don't think Bitcoin got anything to do to help people escape poverty, not as long as they bought Bitcoin and threat it as an asset or investment, but overall I really don't see any aspects that it can help people to escape poverty. But in terms of financial services, yes Bitcoin is really capable of that, which is the most goal of Bitcoin having the freedom and we will have our own bank in our pockets.
Assuming, developing countries have what it takes to mine bitcoin, with that, more income people of the countries will earn. The miners will convert some of the bitcoin to fiats and use it to buy something in their community, thereby helping others in the community. If people of developing countries have invested in bitcoin as far back as 2015, it would have brought them earnings too, it will surely affect their counties positively, how about the custodial services like exchanges, if some developing countries have it, it will help them to provide employment. Bitcoin brings wealth to nations, if people of the developing nations embrace it, it will bring them wealth. very well explained. I totally subscribe to your views that it helps poor nations to address issue of poverty in many ways by mining it and by providing easy access to Financial services through dApps and dApp can be installed on a simple smart phone with internet access and more than 50% population in Asian countries use smart phone. Please correct me if my numbers are wrong. . |
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The Bitcoin and other crypto currencies are considered as an instrument to support the Growth in Developing economies. They can be very helpful to provide access to financial services to community at large. As they are considered a medium to support growth Process by providing better traceability of funds and help people to escape poverty.
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Tezos is a coin that attracts a lot of attention, but ethereum is more popular than Tezos. Tezos has worked pretty well as a crypto coin even in the 2021 prediction tezos itself will shift crypto coins that are already into the top 10 in cmc. But Tezos doesn’t seem to be able to occupy the ethereum position. Tezos is predicted to finish fifth or sixth which is now tezos position not in the top 10. But this prediction has certainly been met with various analysis of the performance of Tezos coins so far.
Very well said. The efforts of Tezos Research ,Marketing and Technically team will certainly deliver results in coming months/years and we will see it in the list Top 10. They have already started Banking/staking services on many exchanges. There is much more to come. |
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there really is no fixed timeframe for these things because bitcoin price rises are greatly affected by a lot of different factors (most of which involve factors affecting the adoption). for example anything that can speed up the adoption such as countries adopting bitcoin as a currency (eg. Japan in 2017) greatly increases the adoption speed and with it the price reaches the next ATH a lot faster. on the other hand opposite things that can slow down adoption greatly decrease the speed and increase the time it takes to reach the next ATH. for example the recent pandemic panic sell or a economic crash/recession could slow it down.
my guess is that the previous ATH will be broken next year in first couple of months and within first quarter we will see new ATH around $35k to $40k and by the end of 2021 we will have the final ATH above $50k and possibly around $100k.
Well said. My forecast that it might break ATH before the year ends, is based on Technical charts which suggest that if BTC breaks 17,000 the it won't take much time to break 20,000 ATH record and current market trend is Bullish. Secondly, the Intuitions are making huge buying which is evident from growing trading volumes of all major exchanges. |
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Tezos is fast, i tried perform a Tx/s before after receiving free Tezos on faucet
They seems to had a huge team
But still despite they are fast, i don't think they can flip over Ethereum Status
There's way too many blockchain project
Transaction speed is not a key criteria anymore because we had tons of project like TRON/EOS/Algorand
It is more about Adoption
Any project that could be interoperable is fine and could be front
well said. You are absolutely right it is all about adaption. Tezos Marketing and IT team are making huge efforts to attract new contracts and its network can potentially be used to issue digital Euro. There is lot of talks about it in the market. |
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Wasn't aware of the 3 year cycle you mentioned that it reaches the ATH every 3 years but I have a strong feeling that BTC will be easily crossing the ATH maybe if not by the end of this year since we are already so far into Q4 but surely in Q1 of 2021 we will see that happen. As a long term investor and a visionary investor I don't bother much about how much the price is increasing as long as it is increasing and is steady.
I remember how everyone scared me to sell all my coins when the massive drop happened earlier this year but I held on because I knew this is not the right time to sell and in even worst case scenario we can wait a couple years and get 15k easily and now see we are talking about ATH within the same year.
Good strategy. Long term investors always yield huge benefits in any type of asset class including crypto provided your selection of asset is based on its intrinsic value and your timing of investment is right. |
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they have to be silent because trump will proceed with some demands against the 'possible fraud' ones that get clear then they will say some words, but other way they have to wait because the feel like the process isn't over yet.
Biden win this one and there is nothing that trump can do against it.
Trump has already signalled that he will challenge this election results in supreme court. How he wins this legal battle despite clear victory of Joe Biden that remains to be seen. Six members of the court are conservative, including 3 nominated by Trump. |
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China like Russia say that it is premature to recognize Biden at this point, despite all major news channel in USA have declared victory of Joe Biden. Both major world powers have adapted wait and see policy.
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Pfizer and BioNTech are claiming that their recently developed vaccine was very effective to treat covid-19 patients. The results are beyond their expectations. The vaccine will be first tested in United States to generate data. This is great news for the whole world.
I wonder how it will affect the altcoin market (lol) Certainly, it will affect all markets including crypto industry. Covid-19 caused many business to shut down and many people lost their job. People had no money to meet their daily needs so how they will think of investment. Once fear factor of covid-19 dies down then investment will come in come in all sectors of economy including crypto. |
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Enough with the color revolution !
The RED STRIKE - to seek a free, fair and safe elections.
no voters ids.
mail in ballots harvesting, destruction, cloning.
machines voting independently.
censorship.
full MSM and silicon valley campaign against trump.
Haven't we had enough of those mad men?
I think it's time to go on STRIKE !
For some I understand that it may appear costly to go on strike and not show up at work.
However, the cost of a civil war is way higher.
I believe that if all trump voters go on strike, America will stop and the coup plotters will start, slowly, to realize they can't succeed in taking down the republic.
what do you think?
I think Trump was not a bad person as portrayed by world media. In fact unlike his predecessor he was not war monger. He didn't initiate any new war during his tenure , on the contrary he tried to address conflicts of Afghanistan and North Korea. |
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