That is not going to happen in the near future. Central banks have an easier time backing it by gold and are not doing so although China is rumored to be planning to do so. Bitcoin is too volatile as of today for it to serve as a backing.

What would not surprise me at all is if some countries decide to start mining Bitcoin. I think that will happen before they dedicate to back the currency in it, if that ever happens.
These are ideas that might seem far-fetched to many people today, but how gambling with Bitcoin might have seemed 13 years ago, and we see how important it has been in the history of Bitcoin.

Just to remind you that I never spoke of an obligation, I think it is not necessary to quote myself, you can see my post above. In this case, as in the other of joker_josue I think that the community sees better that a separate thread is made for people who have made an exceptional contribution to the forum, and not just someone who has reached with a lot of effort Member rank but having twice the activity.

I agree with the two previous comments. On the one hand it may be due to a normal delay between the withdrawal request and approval, and, on the other hand, if it is not so you should give more data and provide everything you can as screenshots because in this section there are many accusations of which a large percentage is then shown that it was the player who actually broke the rules. 

Although we are closer to $20K than $50K, I believe like most of those who voted that it is more likely that the price will continue upwards, gradually, until it reaches $50k, without going back to $20 which seems to me too low for a dip, as it was the top of the previous cycle, and although as cycles progress it is normal for returns to be lower, it is still normal for lows as cycles progress to be higher.


This is key, although after a rise I would expect a dip, I think it will be higher than $20K, but we cannot predict with certainty with behavior as volatile as Bitcoin and less knowing that although there is some regularity in the cycles, the patterns we project won't necessarily repeat.

People who spend more than they should, paying high interest on credit cards I'm sure are tremendously profitable for companies. I can't find data on how many people defer payment with credit cards and it seems to me that it is not by chance, it seems to me that the companies for some very good reason for them don't want to make it public.

We live in a credit-addicted economy, just look at how states spend. So it is not so strange that many citizens do the same, what happens is that these citizens do not have the power of the printer that many states have and they put a noose around their necks.

If you have to sell because of an emergency, you're doing it wrong. An essential principle of personal finance is to have an emergency fund of between 3 and 6 months' worth of cash. That if you live in the USA or a similar industrialized country could very well be the $20k you are talking about. In addition you may have other types of assets that you could borrow on at low interest rates if you don't want to sell the Bitcoin.

For example, at your bank you have $20k in an emergency savings account, $150k in pension plans, and another $50k in stocks or mutual funds, your bank will be happy to give you a loan if a supposed emergency exceeds $20k, but I for example in the last 15 years haven't had an emergency that exceeded 10% of that
 
So, if you manage your personal finances well you will not be forced to sell, and you can hold the Bitcoin for a couple of cycles at least, to then consider whether to make partial sales.
 

So now what you say sounds more reasonable, as what you say usually sounds.


I agree.

For the reasonable person that you are, I find it quite shocking that you repeat this, which I suppose is what you have seen, but it does not agree with what I have been told by people who work in health care, nor with the statistics.

The first page I get on google:

https://www.statista.com/statistics/1191568/reported-deaths-from-covid-by-age-us/

As we can see, the bulk of the problem is concentrated from the age of 50 onwards, and if we were to break it down further I think we could see that the majority of deaths in the 50-64 range are concentrated in the 58-64 range.

When I have talked to people in healthcare and they told me about young people being in the ICU or dying from COVID, the question I asked them was, but were they healthy? Most often they would tell me that they were quite overweight, or that they had a lot of risk factors (smoking, high blood pressure, etc.).

I don't know if when you say "younger than us" it's because you and your colleagues are like 63 years old on average so I would understand better what you are saying.

I'd say for people like you, it doesn't matter that you wiped off your trust list. I wiped mine as well. The rest of the considerations about your profile outweigh the potential negatives of not having a custom trust list.


If you leave feedbacks to others, which you have done a lot.

(this is what I believe, icopress correct me if I am wrong)

The USA produces a lot of oil, but three years ago it produced enough to not have to depend on imports. With the change in government and fossil fuels policy, production has been reduced and the USA now produces less than it consumes, so it has to import. There are no shortage problems but part of the price increase has to do with the reduction in production, apart from the war in Ukraine.

Returning to the subject, I see the CBDC of the IMF as unnecessary if the others are to be launched, and vice versa. If a digital dollar, a digital euro, etc. is going to be launched, why the CBDC of the IMF? If we were to move towards a world government, which I doubt very much, the IMF CBDC would be enough, and there would be no need to waste money and effort creating and maintaining the others.

As odolvlobo says, the performance of past investments won't necessarily repeat indefinitely in the future.

If we knew with certainty that Bitcoin would outperform any other financial asset it would make sense to invest 100% of our net worth in Bitcoin, and there are people on the forum who do, if not 100% then an approximate percentage.

Being a little more cautious we can apply a principle of diversification and apart from investing in Bitcoin, have a house paid for or on the way to paying for it, having equity on it, and then you can invest a little in other sectors to taste, such as commodities, individual stocks or index funds such as the S&P 500.

There is a thread dedicated to concentrate this kind of self-congratulary threads, to avoid having a lot of threads in the section of people congratulating themselves.

Announce your rank up, merit or any achievements that makes you feel great!


I understand that you get a pass on this because of what a high quality poster you are but I hope this doesn't set an example and go back to having a bunch of scattered threads of people congratulating themselves for having reached member ranks and the like.

Anyway, congratz for such a good contribution to the forum.

 












I agree with these fellas that it won't have much of an impact, if at all. In the end I think that gambling ads will be like tobacco ads, which will be banned around the world, although people will continue to smoke and gamble.If the public authorities wanted to, they could ban smoking and gambling, and although this would increase the black market, it would greatly reduce the number of smokers and gamblers. In the end, I see these measures as part of an overall policy of demonization of activities that is complemented by high taxes.

A thread like this would be better off in the speculation section. Or would even be better in the G&R section with a prize for the closest match.


Yes, around that price seems quite plausible. It looks like the worst of the bear market is over and we are following moderate and sustained rallies, although I suppose that with a month left, the price may be a little below that figure.

In the same way that three years ago they were a country with energy dependence and now they have to go crying to Saudi Arabia or Venezuela to produce the oil that they are not producing.


I don't think so. You only have to look at how well Russia or China get along with the US to see that one world government is nothing more than a dream. There are too many regional interests to let that happen. Besides the fact that the experiments done in that way have turned out to have many setbacks, like the EU, where for example there is no EU army, but nation states.

I don't see it clearly. It would be as if for years, apart from the Euro, the Dollar, the pound sterling and other currencies, the IMF had its own currency that was accepted as legal tender in these countries (eurozone, USA, UK etc). I do not know if this CBDC is one more step in taking away the hegemony of the dollar and Biden, with his cognitive decline, does not know about it so will not do anything to prevent it.

The service thread has already been deleted by moderators. Jr BM has tried to collaborate by rectifying his mistake, but even so, the way he started is a botched job that makes me wonder if he is not really 16 years old. I wouldn't hire him at all.

Yes, I heard about the news recently. The question I have is what does the IMF need to launch that CBDC for, because as of today the IMF does not have a currency. Or the other way around, if the big countries are going to use this CBDC, as the news says it is used for cross-border payments, I don't know why they are going to need a CBDC for each one.

Can't that be dealt through reporting? I think massive spam is usually dealt with.

I'm going to talk about what I know more about and that is that in the fiat poker houses, such as Pokerstars, Pacific and many others, the randomness in the distribution of cards is more than proven using databases and statistical programs. The recreational player who loses money complains that he is rigged instead of blaming it on his own bad play or variance, but the houses make money without needing to rig anything.