Binance proceeded to lower the APY from 10% to 8% . It's actually the second time within the month that they're decreasing it. It used to be 10% up to $2.000 (tier 1) and 4% for >2.000 and <10.000 (tier 2). The first time, only tier 2 was affected, lowering the APY from 4% to 2%. "No big deal," I thought. However, tier 1 was reduced to 8% yesterday, significantly reducing my profit. I don't see a reason to use Binance services anymore, since there are quite a few vaults that offer an average APY of 10-13%. This one looks decent https://app.beefy.finance/vault/curve-op-f-susdAny thoughts or recommendations? |
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I recently saw speculations about Luna Classic too. There are people claiming it could possibly reach $1. I don't see it happening, but I understand that the cause of such predictions varies (efforts to hype a coin, purely fictional, or an attempt to motivate holders).
Since it got hyped, LUNC is being speculated to reach $1. Their hypesters and diehard believers will always say positive predictions about that coin because they owned lots. Even without properly backed support for why it will reach $1, the hype is hype. The same on other coins, predictions always come up either with proper analysis, just hype, just believing, just hope, etc. If we will buy it or not, it's up to us. While I have my doubts about Luna Classic, it reaching $1 sounds way more probable than BTT's predictions coming anywhere close. Honestly, while I'm totally against Luna and Luna Classic after the whole incident with UST depegging and Luna crashing, I regret not buying some more, because I also believed that at some point it would be hyped. I'm not going to spend a single penny, investing in Luna seems way too risky. I've only bought a few thousand for a few dollars, and those will be the first and last ones I've acquired. |
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There's no clear answer; it solely depends on your character or the type of person you are. However, people are generally greedy and tend to keep asking for more, never saturating their thirst for money and physical goods. Personally, I'm fine if I have enough to live comfortably. I don't care about becoming rich, famous, or owning expensive physical goods. They do not provide happiness, but only a temporary feeling of saturation. Having a quality lifetime and not having to worry about making ends meet should be enough for me. Money ought to be the tool to a healthier/better lifestyle, not our sole purpose of living.
I find setting goals about acquiring physical goods petty, they're not fulfilling. Depending on them sets you on the right path to depression and a constant need to obtain new stuff to keep you going.
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It is funny, isn't it? Who would have thought in 2014 that Doge would last this long and would even reach almost a dollar? It was a mere meme coin which was meant to be just a joke. It was the ancestor of the likes of boobcoin, beibercoin, trumpcoin, etc. But well this is the crypto market. It would have been better if you've forgotten your Doge until it hit $0.70.
But still I think I wouldn't recommend investing on shitcoins with exaggerated predictions.
Since Doge been hyped by Elon that makes it’s price too high even it is just a meme coin, we can’t really tell upto how much the coin can be since there are influencers who might use their position to give coins some impact. When it comes in other coin predictions it’s hard to tell whether they can get some spotlight unless it’s already trending. Predictions sometimes made by experience market experts but it’s still our decision to check their basis and if it have some potential. At the end of the day it’s our money at stake so we should be careful whether to listen to the predictions or not. Still, even before Elon's involvement, Dogecoin's price was still high for what it is, a meme coin with an unlimited supply. I remember owning a few thousand when it first appeared. They were worth $5–10 at most. Unfortunately, I sold them when the price had plenty of zeros after the decimal. Even the current prices are extravagant for what Dogecoin is, it serves no purpose, apart from it being used in gambling, perhaps, I can't think of anything else. The interesting part is that it's currently sitting in 11th place on CoinMarketCap, with a market cap of a little over $8.5 billion. P.S I'm not implying that BTT could possibly reach $30; I'd be a multibillionaire if that were the case. It's just a simple example of how many exaggerated forecasts are out there.
Cryptocurrency market is unpredictable and crazy. I also believe that was an exaggeration, but who would think in 2009 that Bitcoin will reach its price today? Bitcoin is literally $0 way back in 2009 and $0.4 in 2010. I am not saying BTT will have the same fate as Bitcoin but I am just stating a fact about how unpredictable and crazy the cryptocurrency market is. But in seriousness, no one will believe if a person predicts a cryptocurrency price 30 years from now. Because that statement is speculation at its best. But it doesn't hurt to hold some BTT, around $10 worth is good IMO since that amount won't make us broke. I certainly see your point of view. In my opinion, BTT, in this case, is highly unlikely to ever see such a hype. I recently saw speculations about Luna Classic too. There are people claiming it could possibly reach $1. I don't see it happening, but I understand that the cause of such predictions varies (efforts to hype a coin, purely fictional, or an attempt to motivate holders). |
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this could be a "weapon" for Russia to make Europe an energy crisis and create inflation in the region .. especially as winter approaches this will be a serious problem for Europe because most homes rely heavily on gas to heat their homes .. if Europe not taking immediate solutions to this problem means that Russia is successful in creating an energy crisis in Europe
Russia began to prepare for the invasion of Ukraine since it occupied the Crimea several years ago. This was clear and all the countries of Europe knew that an invasion of Ukraine would be the next step. Despite that, she did not prepare for it properly. Even when the invasion began months ago, it did not make the necessary preparations to confront Russian pressure in the face of sanctions. Russia is counting on the winter to win over Europe and the West, as he helped it during its previous wars. Putin made it loud and clear before invading: he did not want Ukraine to join NATO, an ex-soviet country right next to his border, siding with Russia's largest rival. As awful as it may sound, I'm in favor of lifting sanctions against Russia. Currently, we're only hurting ourselves. Europe is about to go through a massive economic recession, with inflation averaging at 10%, fuel and electricity soaring. Europe is imminent to an energy crisis due to the excessive dependency on Russian natural gas. On top of that, Russia has made great advances against Ukrainian territories, completely occupying Luhansk and slowly occupying other territories. Click on the photo below (interactive gif) to see their advancements since the start of the invasion.  |
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While both Luna and Luna Classic are showing signs of improvement (in terms of value), I don't think it's worth the risk. Billions went down the drain a few months ago, but still, people are ready to blow their money on something that has already failed (I'm not talking necessarily about the OP). I only have a few thousand LUNC I bought just for the sake of buying for a dollar or two, honestly, I believe that this pump is purely speculative and the risk of it suddenly dumping high.
If you're fine with that, go ahead, but I wouldn't take such a risk. I find the developer extremely malicious, failing to inform his investors in time and only posting on Twitter in hopes of keeping the hype going
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I can't fathom why Bitcoin keeps getting targeted for all kinds of reasons, from it being a bubble to consuming too much energy. This is clearly not the first time Bitcoin mining operations have been targeted for their energy efficiency. The image posted by the OP is true. Bitcoin operations only account for less than 1% of the total electricity consumed. Some will claim that 1% is too much, but I beg to differ for something that is practically generating wealth. In my opinion, we're bound to see more enemies of mining operations in the upcoming months due to the energy crisis.
On top of that, Bitcoin mining is mostly operated in Asian countries; there are hardly any operations in Europe, which is facing the largest threat from the energy crisis, but still, it's constantly being targeted for consuming excessive energy.
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Accomplish your goals and dreams, find your passion and stick to it, and the rest will come on their own. Success doesn't necessarily have to be defined by money or fame. I'm yet to find something to be passionate about, and it's going to be my main goal for the upcoming years. I will only call it a success if I end up discovering it and am able to make a living out of it. It doesn't have to involve expensive cars or houses, but living comfortably enough to not worry about making ends meet.
Unfortunately, most of us simply stick to the usual way of living, working a job we may hate till retirement. This way of living doesn't involve experimenting, being passionate and adventurous, but slowly eats you away, entering a vicious cycle of depression. Honestly, my ideal scenario would be to become a digital nomad and explore the world, but it sounds too good to become a reality.
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If the salaries are not affected, then this is extremely unprofitable for employer. Paying for a 4 day work similar to 5 day work is disastrous, as you pay more for less job done.
As to my job, I remember we had a working day 8:30 to 5 with a 30min lunch break, later it has changed into 9 to 6 with 1 hour lunch break. Same 8 hour working day, but it is more profitable for employer. Previously a lot of people were late for job and 30 min lunch break last almost for an hour, as it is impossible to have a lunch in such a short time in our surrounding. Now people rarely came late for job and instead of 1 hour lunch spend around 45min.
I find 8 hour working day 5 times per week perfect timetable. If I work more, similar to you, I wont have time for a proper rest and do my own things.
That's the reason it's not applicable for every sector; it could be useful in technology, IT departments, accounting, or marketing services. Certainly, it cannot be applied to every instance, but a workaround can be implemented to still keep your business open for 5 days while adopting the 4 work days a week plan by simply distributing your workers' day off. Some will work from Monday to Thursday and others from Tuesday to Friday. Honestly, while it sounds ideal, I believe that it won't be widely embraced by employers, and it's understandable for the reasons you mentioned earlier. Personally, I'd be happy if I even had weekends off while working 8 hours per day, 5 days a week, and 20 to 24 days of paid time off (PTO). Honestly I am not like this, I do not believe in this situation. If you like your job, which I do, then you can work 24 hours straight and you would be happy about it. However if you hate it, even 1 hour is terrible. I have never been a good student, I hated school, but as soon as I started working, I took more and more whenever I can, I did the jobs and tasks that others didn't want to, I worked as many hours as I possibly can, life sometimes makes sure that you can't, but whenever I can, I tried to work as hard as possible.
This is why I believe that I have been in a good job, and if I am required to work 24 hours, sometimes I do that, and I am very happy to do it. I get paid for it anyway, not like I am tricked into working, I work hard, but I am very well rewarded for it too.
If you're an entrepreneur and it's your own business, it's understandable to work your ass off, especially at the very start of your business. No matter how much you enjoy your job, you should never neglect your personal time. |
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Despite the hysterical attempts of Russian propaganda to come up with at least some kind of fairy tale, how oil prices will rise and everyone will freeze without Russian gas - the market stubbornly shows that reality is far from propaganda  1. Today, Urals oil, "here and now" is below $70. But at this price, no one buys it. China is buying up the surplus already at a price of 32.5 - 34 dollars per barrel, with logistics costs on the supplier's side 2. Last week, after the visit of high-ranking US representatives to India, India reduced the purchase of Russian oil by 40% China and India are Russia's "best friends"  Honestly, I find the whole situation about Europe reducing their energy consumption a little exaggerated when electric suppliers are soaring in profit. However, whether we like it or not, Europe is still way too dependent on Russia, and my opinion would be to revert the sanctions against them; it's only hurting ourselves. India, on the other hand, had been purchasing discounted oil since the start of the invasion and was reselling it for profit. One thing is certain, judging by the current situation: oil will continue to be volatile and probably won't fall below $80/barrel, unless we have severely decreased demand due to a variety of reasons, such as a recession or another Covid-19 wave. |
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Crude oil has been extremely volatile the past few days, crashing down to $81.84/barrel of WTI crude oil and $87.64 for Brent oil, respectively. It's the lowest we've seen them so far after the start of the war in Ukraine. Natural gas has also seen a large decrease in price. In the meantime, Russia threatened to completely cut off supplies from Gazprom if sanctions aren't retracted. Personally, I don't see it happening any time soon. The West would rather see their citizens and their economies suffer instead of easing sanctions, which only lead to detrimental effects on Europe's economy and well-being while Russia scores billions in profit by selling overpriced oil to Europe and Asia.
Do you believe that we'll see a slow down in inflation if oil prices remain below $90/barrel? I'm hoping to at least see signs of relief in the gas stations, which will be worthwhile this time.
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They have just pulled the numbers out of nowhere. As for why the prediction is so far in the future, I could image it being so they can get paid to list other predictions/make other shit coins themselves and predict those for far in the future too as they're less likely to be disproven (I guess).
If you're buying a coin worth 866 nano dollars now that's going to be worth $20 in the future, most people will probably buy as many as they can rather than working out that $1 is probably a reasonable amount to waste on such a thing (at most - though the chain or liquidity pool will likely die/dry up before 2050 too).
Honestly, my expectations are way too low, I'm not expecting it to skyrocket, it'll always have plenty of zeros after the decimal. My coins are worth $2, in the best case scenario, I'll have $10 in a few years. I'm mostly using BTT as an example. But admit it that this predictions gives me something positive about this since you are holding this coin? but yeah this is an exaggerated in prediction area because how could a coin that almost have no value will increase that huge when there are so many project with great potential ahead of this? Personally, it sounds too exaggerated and I highly doubt it that it'll ever be worth 1/100th of a cent, and that's already too much. I've got a little over 2.000.000 coins, which were distributed by Binance. I'm not going to benefit by selling them, they're worth close to nothing. Chances are, I'll keep them in my wallet for many years to come. To be fair there were exaggerated forecasts that proved to be right in the end. I used to have a number of altcoins which have exaggerated price predictions that eventually happened. I had XRP back when it was ridiculous to predict $1 for it. Time came when an XRP rose to as high as $3. I had DOGE during those days when $0.1 can only be interpreted as wishful thinking. But it rose to $0.7. Shiba Inu had also a similar story. And some more.
But just be warned that this is a handful compared to the thousand other exaggerated predictions that didn't come true. And these predictions are merely based on hype. They're mostly unfounded. So I don't think it is worth the risk to bet on them with the hope that one would fly to the moon.
That's true. I also never expected Doge to reach a value of a few cents. I had thousands of them back in 2014, and they weren't even worth $5. If I'd still had them, I'd have a couple of thousand dollars now. |
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We've all stumbled upon predictions for all kinds of coins, including Bitcoin, of course. Some may sound like they may happen in the future, such as Bitcoin, Ethereum, Solana, or Polkadot, coins with actual potential. However, some are so exaggerated that they have no foundation to back up their claims. I recently got my hands on some BTTC (BitTorrent Coin). It has so many zeros after the decimal that I've lost count, and they are literally worth almost nothing. I was curious to see, though, what the community believed about its future. The first website I stumbled upon claimed that BTTC had the potential to reach $30 by 2050. Firstly, how can a coin worth $0.000000866 as we speak rise so much in value? It currently has a market cap of over $800.000.000. If the price were to double, it'd have a market cap of $1.6 billion. That's already extravagant and it'd still be worth close to nothing, nonsense. Secondly, how and why is someone making predictions 30 years from now? The world might have ended by then. On what data is someone making such a prediction? Fortunately, other websites I found didn't have such extreme forecasts, but some still did, over the moon. For most coins out there, plenty of similar examples can also be found. Do you believe that they're based on any actual statistics and/or considering the coin's potential, are they purely fictional? P.S I'm not implying that BTT could possibly reach $30; I'd be a multibillionaire if that were the case. It's just a simple example of how many exaggerated forecasts are out there. Website n.1: https://telegaon.com/bittorrent-coin-price-prediction-2021-2022-2025-2030/Website n.2: https://www.cryptonewsz.com/forecast/bittorrent-price-prediction/ A more plausible prediction |
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A 4-day work week will reduce their income and that will sink many people financially.  That is true. I have noticed that on a day without work I tend to spend more. Free time = more spending. Maybe this is more individual and I only spend more because I spend time with my family, try to diversify their life and routine. I am sure that employees wont like that4 day work week either. For example, are you ready to receive 1/5 less salary, because employees wont pay same as 5 day work week. It looks like it is unprofitable for employee also. 3 days of rest is disastrous for business. A lot of business will hire extra employee for that period, and that means more taxes, more expenses. I actually forgot to quote the articles that covered this topic. In them, it was mentioned that salaries were not affected/reduced in those who embraced the 4 work days/week. Supposing that's true, I'll agree with you, you're way more likely to spend more money having 3 days off. Personally, I wouldn't mind, I'm currently working with no actual day off, 16 hours a day, with only a few exceptions on Sunday and Monday (12 hours and 8 hours respectively), and I'm hardly spending any money. Honestly, I regret it, I don't have time to even have a proper break to vent and relax, I'm constantly stressed and tired. It's not worth it, no matter how much money you might earn. My free personal time is vital for my well-being and cannot be bought off with any kind of money. |
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I've said it before, in another similar thread. The world doesn't revolve around the USA. Certainly, stocks and cryptocurrencies are correlated, but the Federal Reserve is currently the least of our causes for the bear market. The excessive oil and electricity prices, the disruption in the supply chain, the possibility of another Covid-19 winter and the ongoing war in Ukraine are all events that are not assisting investments. I also believe that Bitcoin is susceptible to crashing even further in the upcoming months and definitely not because of the FED. It might have an effect, but it's certainly not the end of the world. It's kind of expected that in such periods of recession, we can't expect Bitcoin or stocks to be performing at their greatest capacity.
Even if that's the case, people always claimed Bitcoin is expensive, well, here's your chance to shine!
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Hello,
I'd like to inform you that I've ranked up to Hero member and would like to be placed in the appropriate position whenever there's an available spot.
Thanks in advance
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it also has some advantage which is the standard of living, reduced price and demand etc.
Reduced demand facilitated by deflation may not always be an advantage to the economy and could even pose a greater risk and damage than inflation. Reduced demand means people are reluctant to spend and use their money and it creates the danger of a "liquidity trap'', an economic situation where people just keep their money rather than spending it or investing it. Deflation may possibly lead to a decrease in prices of goods, however, it usually comes with a higher price of recession. Both inflation and deflation are negative when in excess and I'm yet to understand if there's enough to be done in order to significantly reduce the impact in the economy. So far, I'm yet to see any improvement nor a satisfying plan to tackle the excessive inflation, which is turning into a vicious cycle of hyperinflation. |
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Totally possible. It is because anything is possible with crypto. If the article was saying $1000 instead of $10000, I would still believe it. The current view is pretty bearish for crypto. The thing is, crypto isn't the only asset going down, stocks are going down too. Most people in the US have their retirement funds in the stock market. If the markets go down even more, that would hurt lots of elderly people that depend on the markets. At some point the FED will have to lower the interest rates again. Just because someone mentioned it doesn't mean that'll happen. If that was the case, we would have already seen Bitcoin at $100.000, something many claimed as a possibility in 2021. The world doesn't revolve around USA alone, $10.000 sounds too exaggerated, but possible nonetheless, not because of FED, but due to the ongoing recession and current macroeconomic environment going from bad to worse. Honestly, while it would suck to see my Bitcoin worth half of what it is now, it'd be one of a kind opportunity to acquire more. |
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I'm 24 years old and my goal is certainly not to drive a Mercedes or wear designer clothes, I'm trying not to revolve myself around money. From my point of view, being rich doesn't necessarily have to involve expensive cars, houses or clothes, but having the ability to live comfortably, earning enough to survive but also to enjoy a few luxuries every now and then, such as travelling once or twice a year and to have the ability to put money aside.
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The coin always has two sides, it depends on how you look at it. Honestly, if you're living in a developed country with a decent salary, $20.000 can be saved within a year or two. The bear market provides great opportunities to those with the available budget. On the other hand, people in countries with lower wages, including myself, the average salary is €700 - €800, it's theoretically impossible to ever acquire a whole Bitcoin.
Let's face it, the majority of us who haven't acquired it in the past are unlikely to ever own one, you can simply enjoy having fractions of Bitcoin, with as many decimals you like. Last year, I set my goal to accumulate 0.10 BTC by December. Honestly, it's not worth stressing over owning an entire coin, just enjoy the beauty of its decimals.
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