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61  Economy / Economics / Re: Crypto Currency should be Integrated into School Curriculum on: October 16, 2022, 02:28:25 PM
This should be done by our government and i assume blockchain and cryptography will be in our main curriculum within last decade. Social awareness is already raising and people are involving in crypto very fast. Government will be forced to initiate this awareness in a large scale for keeping people safe from scamming activities. A global adoption will be emerged very soon.
62  Economy / Economics / Re: Running a successful business in most developing countries on: October 15, 2022, 04:37:24 PM
You can know how to swim and its advantages and disadvantages by reading books but it won't make you a swimmer. Reading about establishment of business won't make you a successful entrepreneur. All these points can be invalid in different country and different circumstance.

Though you make some efforts to write this post but all this can be found in internet already. So try to add something new that you have already experienced and not talk about often.
63  Economy / Economics / Re: Meta has burned $15 billion trying to build the metaverse on: October 15, 2022, 04:32:10 PM
Meta has burned $15 billion trying to build the metaverse — and nobody's saying exactly where the money went

Quote
Meta has spent more than $15 billion on its Reality Labs metaverse venture since the beginning of last year, but so far, the company hasn't shared on what, precisely, money is being spent.

Some experts are getting worried the company is spending good money after bad.

"The problem is that they spend the money, but the transparency with investors has been a disaster," Dan Ives, a tech analyst at Wedbush Securities, said.

"This continues to be a risky bet by Zuckerberg and the team because, for now, they're betting money on the future while they continue to have massive headwinds on their core business," he added.


I always thought that Metaverse is a stupid idea, it can only succeed when VR is massively popular, which it is not right now. Zuck is trying to put a cart before the horse.




Its obvious that he made a gamble to jump into this technology so early. But this could be a massive gain as well. When other companies will be thinking about metaverse his company will already have tons of experience and staffed developed. So when the adoption will begin they will be ahead of everyone else in the field that time. Only time can tell he was right or wrong.
64  Other / Politics & Society / Re: AN END TO ELON'S GENEROSITY on: October 15, 2022, 04:29:04 PM
You should be thankful to Elon for what he did. He was quick to react when Ukraine needed it most. He runs a business so it's obvious that he will not provide free service till the end of the war. He showed the world how effective and quality service his company can provide at any time in any situation. Though Elon had a marketing plan in his mind till the beginning his contribution still deserves some claps.
65  Economy / Economics / Re: Reasons you will remain broke as an adult on: October 12, 2022, 04:05:04 AM

👉👉You do not value your time :You don’t have regard for your time. You don’t even value your time. Time is an important factor in life and how you use it or put it to use will determine the trajectory of your life. As an adult, you may remain broke for a long time if you play video games all day, sleep the whole time, literally while away time and spend time watching movies on a smartphone or gadget that could earn you money.


This is one of the key reason and problems for todays youth. Social media and other source of entertainment is so vast that it consumes most of our time as soon as we realize that and do something necessary its already too late. Most of the people waste their time on these when few people make a living through it. Life become so automated that we become lazy and unproductive.
66  Other / Politics & Society / Re: During the morning missile attack on Ukraine, the Russians hit Samsung Offices on: October 12, 2022, 04:00:47 AM

It is known economic sanctions on russia deprive the russian war effort of vital parts and components, such as semiconductors and computer chips.

Could russia target chip makers like samsung as primary military targets in the future. In an effort to pressure them to supply russia with much needed components?

In this instance russian rockets appeared to target samsung office bulidings. No one was hurt thankfully. Everyone had evacuated to a bomb shelter. How much pressure and destruction of real estate and assets can a chipmaker like samsung endure before they begin to reconsider sanctions and decide to rethink their stance on supplying russia with vital parts and components?


Economical infrastructure should not be attacked during the war. If Ukraine didn't attack on Crimean bridge then russia won't attack civilian buildings too. That bridge was not any military infrastructure and there is no battle going on in Crimean territories. I think both side is to blame for these actions and there are others sources from where russia could get those chip. So sanction will not be a solution for every situation. This just makes your enemy desperate so that he do more madness.

67  Economy / Economics / Re: Scientists say food insecurity drove international conflict 2000 years ago on: October 11, 2022, 07:31:21 PM
For many years, internet trolls have said if the united states government runs out of funding. They can simply invade a smaller and weaker nation to steal their wealth and generate liquidity. The US economy is backed by the US military. Which can happily steal whatever it needs from weaker nations, to render its economic policy sustainable, no matter how dire the conditions.
Totally agree with whoever said this.

With food insecurity headlines becoming known constants in the media. Is it possible that food shortages of the future could pave the war to violence, war and bloodshed on an international scale?

If nations with powerful militaries are unable to feed their citizens in the future. Could it lead to them invading weaker nations in an effort to seize resources, supplies and farmland. In an effort to achieve sustainability?

Apologies in advance if this sounds depressing. I try to consider most scenarios no matter whether I like them or not. It might be somewhat negative. But can also be a good source of motivation.

I am not sure how many war has been fought because of food insecurity but i am confident that many war is and will be fought over resource of fuel. Mankind already learned that fuel is the most important elements to run a nation to its highest development phrase. Food runs a human being and fuel runs the wheel of economy of the whole world. Elite doesn't care about their subjective citizen but they only care about their economy which needs fuels to run and military to protect.
68  Economy / Economics / Re: Portugal will be "hodling friendly" on: October 11, 2022, 07:25:02 PM
Today the Study Budget for 2023 was delivered for Portugal.

And with the novelty of cryptoassets (coins, NFTs and the like) they are now taxed at 28%.  Shocked
But, there is a "good" but!  Wink

This fee will only be on the capital gains of crypto-assets “held for a period of less than one year”. Profits made by crypto assets obtained for more than 365 days are exempt from taxation.

The main points are:
Quote
The main novelty concerns the gains obtained with crypto-assets held for less than a year, as is the case with the profits generated by the sale of cryptocurrencies such as bitcoin. The regime, which is similar to that of shares, implies that taxpayers have to declare these operations and pay a 28% IRS tax, or opt for aggregation.

If the assets are held for more than one year, these earnings are exempt. On this point, the proposal's articles clarifies that, for this count, the holding period of crypto assets acquired before the date of entry into force of the new regime is also accounted for.

Still in terms of the IRS, the Government proposes “the taxation of income from operations with crypto-assets such as business and professional income”. Here, other activities are included, such as cryptocurrency mining and cryptocurrency issuance.

The budget will now be debated in parliament and then it will have to be approved.
Since the government has an absolute majority, it will certainly pass. Of course, there may still be some adjustment regarding these measures.

Source (in PT): https://eco.sapo.pt/2022/10/10/ganhos-com-criptomoedas-detidas-por-menos-de-um-ano-vao-pagar-28-em-irs/

India have done something similar when indian finance minister nimala sitaram announce 30% tax on all crypto gains. Community shows mixed reaction about it some says its good at least they recognizing crypto as something legal. Though they introduced crypto as a assets class not currency and these days indian central bank released a grand notice about digital INR.

69  Economy / Economics / Re: Against the British pound, Bitcoin trade volume shoots up!! on: October 09, 2022, 04:50:36 PM
Just a quick note for the people that might think that this is automatically bullish: an increase in trading volume with the trading pair doesn't necessarily mean that a lot of people are buying. Trading volume accounts for both buys and sells!

But i think its mostly buying pressure. Recent fall of GBP and the hyperinflation force many people to quickly transform their GBP into different assets. People choose BTC other other assets because of its future potential and the current price looks very attractive to investors. There will be some sell pressure too but i am really doubt that will be much in this time.
70  Economy / Economics / Re: What is Inflation? A Crash-Explanation on: October 07, 2022, 03:53:51 AM
tell me how you and your family is being affected by today's inflation rate!

My countries fiat currency lose its value more than 40%. Not only that the increase of oil price leads to a massive price hike in every sector of the economy. Food price increases 100% and other goods as well. Consumers failing to live their standard life due to this. Unemployment problem is at is pike than ever. Education system totally collapsing. Everything seems unreal to me but it is the truth.
71  Economy / Economics / Re: Electricity bills worth 500,000 euros: a hotel chain closes down in Italy. on: October 06, 2022, 04:37:59 PM
Looks like electricity prices have tripled in Italy too so that would have taken a bill that was probably around €160K and made it the €500k.

Considering most of the EU was meant to be half renewable and is on paper, I don't know why these rates are going up so much and why larger companies can't take advantage of it and make renewable sources a lot cheaper. At this current rate, the whole of Europe's economy might end up hibernating or moving in order to sustain production costs (put uprooting whole manufacturing plants and transporting them to countries like Canada would be expensive to do quickly).

EU played a huge gamble by turning against Russia. Now they have no other option but to buy gas from USA in a considerable higher price. If EU shift towards renewable energy then what will happens to their manufacturing sectors? German automobile industry survive because of cheap Russians gas. Now living standard of EU will considerably lower. Fully shifting into renewable energy sectors can not replace the necessity of cheap Russians gas in many sectors.
72  Economy / Economics / Re: Are you ready to spend crypto when market is down on: October 06, 2022, 04:31:20 PM
Hello Everyone,

I am not speaking about just Bitcoin. I am speaking about every cryptocurrency / token.  Regardless of crypto price fluctuations, many online and offline stores are ready to accept crypto as payment. So How will willing are you to spend crypto for your purchases?

If one doesn't spend their crypto for purchases and wait for to spend their crypto when its price is nice, are they really considering it as a cryptocurrency or can we assume like those people are treating more like a security or investment instrument?



Online transaction through crypto currency is mostly in BTC, ETH, LTC and USDT. In general People use USDT most of the time because of its price stability. So it doesn't matter the market is bear or bull.

Using crypto currency as a store of value is not a new kind of practice. People from other countries sometimes buy USD when price came down a little bit and release them in the market when it came back to its normal price. This practice happens not only on crypto but fiat also.
73  Economy / Speculation / Re: Biden team asks congress for clearer crypto regulation on: October 05, 2022, 09:42:37 AM
Quote
The report comes during a time when Congress is exploring the stablecoin industry and other tax rules for crypto brokers. Biden administration is also concerned about a repeat of the Terra-LUNA incident. However, the Congress members state that proper legislation is still months away.
Quote
FSOC also suggests that the rules by Congress should cover abusive trading practices, customer asset segregation, cyber security, etc.

This seems very interesting and exciting. Is this news good for the cryptocurrency market? We all know the United States is a big player in all markets especially cryptocurrency, with the USD being active and getting stronger against other currencies, now they mentioned crypto regulation.

So, what are your takes here? Is this bad news or good news for the cryptocurrency community?

This is a bad thing for crypto because they could declare some ecosystem illegals if they think they can not properly regulate them. I do not understand why the world have to obey one countries decisions. These senator just looking for a way to grab opportunity from these space so that more tax can be collected for their illegal war in various countries in the world.
74  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 05, 2022, 09:38:17 AM
An oil subsidiary in Argentina has been mining Bitcoin with the remaining gas they have. This means they are still very fond of Bitcoin and know that Bitcoin is also part of a bright future apart from the Oil they drill every day. Hopefully more people can save Bitcoin so that the price can be much more expensive than last year's ATH.

There are people who think that bitcoin is a scam but still invest in bitcoin. Believing in something and use something to earn money is two different things. They are mining BTC that doesn't mean they love bitcoin. They just making use of their extra energy source to get some profits. I do not know they will sell bitcoin or hold them for the future but most most of the time bitcoin miners sell of their btc to bear mining expenses or books profits.
75  Other / Politics & Society / Re: [Rumor check] Chinese President Xi Jinping under house arrest? on: September 24, 2022, 10:20:08 PM
https://twitter.com/jenniferatntd/status/1573322602784980993

This is not a FUD but altering fellow bitcoiners to be prepared for another round of pandemic like situations.

We all know, all sudden big economic/political news might have impact on bitcoin as well (but bitcoin is always known for bouncing back on its own fashions). Likewise, any uncertainty happens in China will shake all the world economies and bitcoin economy is not an exception these days.

If it is just a rumor then all fine. But, if it is true, get ready to buy cheaper bitcoins with long term plans.

Probably it is a rumors though there is some political power struggle happening inside his own party. There has been 6000 flight canceled from china which spread the rumors more. Some even saying that they are planning to attack taiwan now. All these is rumors till now so we have to wait for the president to come public and prove the rumors.

For being one of the largest economical hub and largest exporter of the world anything bad happens to china could disturbed the world economy badly.
76  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 23, 2022, 06:51:52 PM
Today's the day. Rigged markets are coming with one last big short push. Stonks, PMs, Bitcoin all getting hammered hard.

The insiders know that even if the Fed raises rates another time or two, they would be absolutely suicidal to raise another big hike like 75 or even 50 bp.

The Fed won't be able to maintain high rates for long, as the world economies will absolutely melt down.

As soon as the Fed sees the mass layoffs they so desperately want to see, they'll pivot like a mf'er. And the insiders know it.

This is bottom fishing time. If you want bitcoin, now's the time to buy it.

Really? But some people saying miners are still in profits and price will go below or break even to that points. I would not mind to wait for some more time before taking another entry. Targeting around 13k for my final entry though i am not sure price will go that far or not. But i wants to take that chance because the reason i already mentioned at first line.
77  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 23, 2022, 06:04:00 AM
JPMorgan worries the Merge may divide Ethereum community as ETH falls by 25% to test $1,300

  • JPMorgan shared its concerns about the Ethereum Merge this Wednesday, citing the hard fork which gave rise to another chain called Ethereum PoW.
  • Since the Merge 8 days ago, Ethereum has been on a consistent downtrend falling from $1,700 to $1,300.
  • Ethereum’s high volatility has resulted in constant price fluctuations leaving the market to ascertain in forming a top or bottom.

I do not think this happens. Most of the ETH miner shift their mining power to Ravencoin, ETC, Ergo like pow coin. ETHpoW got no interest or we can say very little interest from the miners. This falling occurred not because of ETH community divided into two parts. Its because the hype gone and people are selling their ETH to book profits. This is a usual movement that eth showing.

I would not be surprise if ETH went below 1000$ because bear market haven't ended yet and many says crypto winter is coming. The market is already in a bear mode for a very long time and last bit of efforts from the bear could crash the price further down.
78  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 22, 2022, 01:58:29 PM
Yall think we can break 20k again today ? after the "somewhat" bullish interest hikes report ?
I don't think it's happening today even though the current Bitcoin price isn't that far from $20K, but so far it's still not at $20K and I don't think about what you're saying because for $20K the price on Bitcoin is something that has been seen very often in today's market conditions. So it's better to think of something else than to think of a price of $20K which is definitely not going to be difficult for Bitcoin to hit within this month.

If 20k was the bottom then the price of BTC would have already gone up by now. History says BTC never stayed to its bottom for a week. It bounces back very quickly from its bottom. Also visiting multiple times under 20k and staying there for such a long time indicate that investors are not ready to buy BTC at these levels. Probably they are waiting for more down.
79  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 22, 2022, 11:33:36 AM
Bitcoin has died 461 times and still alive. Means it will never die.

Look at the All time chart and die news. Looking nice.


Can you explain about what you mean by 'Bitcoin has died"? All these red circle refers to every major correction bitcoin has gone through or that is something else?

Every market has its own unique moving patterns. Forex, stock, option, crypto all has something unique in them. In crypto bitcoin has bear season after a bull season. Bear season doesn't mean its dead. Its just the way this market react. Old investors knows this very well and we do not call this dead. We think this as a accumulation zone to increase the size of our bag.
80  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 22, 2022, 03:11:00 AM
Russia again rattling the global political stage with the announcement of a partial mobilisation of its reservist
with Putin again alluding to WMD's and the quote of 'It's not a bluff'
I feel desperation creeping into Moscows narrative....I just hope sanity prevails and that c*nt is deposed before he can do irreparable damage
news from the UAE as royals give the nod towards bitcoin and facilitating transactions...probably a notable thing for adoption in the region
next on the table after today is the MtGox thing as guidance is awaited...and likely legacy earnings coming into October

dyor


For those who knows putin knows he can do anything to save his images. Right now in moscow oppositions is preparing for an anti war rally when demands of one way ticket from russia increased after putin announce some restriction of going outside country for some certain age people. Wester supplies just slowed down russian plan to annexation of ukraine.

If MtGox event really kicks off and old investors got their BTC back then probably we could see further downside of the market. Many old investors will immediately dump some of their BTC to book some profits which they are already in. Its a panic events for impatience people and a opportunity for patience one.
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