But one thing I have felt so far is that, a short term trader they really have to focus on technical analysis and momentum. It's hard for someone like me to have a good experience in crypto when enslaved by corporate work. I need consistency and hard work according to my brain, not according to my free time.
Trading long term is an option. HODL is a viable trading strategy in crypto. I think most feel pressured to trade larger sums and quantities. As beginning traders, they feel they must trade large sums like $10,000. But no, this is not the way to do it. The best way is to start small and trade small sums of $5 to $20 focusing primarily on percentage gain/loss and ROI (return on investment) over time. A person who can take $5 and turn it into $10 is someone who can trade profitably. The harsh truth is, most will lose money gaining the knowledge and experience to be profitable traders. Its best to trade will small amounts, that way there is no risk if and when the worst case scenario hits. |
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The federal reserve, america's central bank, is not part of the US government. Separation of monetary policy and state is one common argument for the existence of the fed. A decentralized format intended, in theory, to isolate political conflicts of interest from management of finance and the economy.
Democracy is decentralization of state power and authority. Totalitarianism is a centralized format.
Decentralization (democracy) is a better format for scientific progress and innovation than totalitarianism. Creating a monopoly where a centralized government has all the power and influence has never been a positive precedent for anyone. It has never been good for the wealthy, powerful or ruling class. Its been even worse for the poor and middle class.
State issued cryptocurrency would likely result in a state sponsored monopoly. Which would be defined by decades or centuries of zero innovation and progress. It would be like the bell telecom state sponsored monopoly which stagnated industry progress for many years. I know many will vocally support it. The question is, could they name a single legitimate reason or motive why anyone should support such a thing. Probably not.
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In simpler language, Is it possible that people who always want to learn this and that skill to be able to survive never really become so wealthy in life compared to those who just want to be able to have money to be able to patronise the services of people who offer them?
There are welders like Jesse James, indie developers like John Carmack (Doom), musicians, athletes, actors are other associated forms of skilled labor who do attain relative degrees of wealth. CEOs, politicians, admirals, generals might also be considered skilled labor. Many with these job titles have little control over how their business scales. Skilled labor like Satoshi Nakamoto could see their wealth shift dramatically over the span of only a decade. With zero control or influence over the net effect. The overall dollar value of skilled versus unskilled labor rests upon relative contributions to society. With the appraisal process being somewhat subjective and arbitrary. Labor markets have shifted dramatically away from skilled labor and specialized skillsets. Towards mundane tasks being in greater danger of workplace automation. Time is yet another aspect. Living in a hamster wheel of paycheck to mouth, may not leave people with much time to focus on developing the specialized skillsets they may desire. Instead forcing them to choose from lesser options. |
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Regulation might be the major issue causing them to stop the usage of bitcoin into gambling. There were bitcoin and cryptocurrency provisions contained inside the recent US infrastructure bill passed on november 5th 2021. Some aspects of crypto regulation will be delayed until I think 2023. But you could definitely be correct that some regulatory aspects go into effect immediately, which is what forced bovada to drop bitcoin support on their platform. |
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The US government could run out of cash and be forced to default on its debt if lawmakers fail to raise the debt ceiling by Dec. 15, Treasury Secretary Janet Yellen warned Tuesday. Yellen explained that the new deadline comes as a result of the $1 trillion infrastructure agenda, which was signed into law by President Joe Biden on Monday. Many Republicans have said they won’t cooperate on any effort to raise the debt ceiling come December, saying that the US needs to reign in its out-of-control spending. If the debt ceiling isn’t raised, the Treasury would likely be forced to prioritize certain payments like Social Security. The cutting of certain programs would likely fall disproportionately on the elderly and poor. Raising the debt limit would not authorize any new spending, but rather let the government issue new debt to pay for existing obligations. Yellen has insisted that a US default, in which the Treasury delays interest payments on debt, could devalue the US Dollar and launch the country as well as the world into a major recession. Congress nonetheless has a number of other burdensome items, including passing Biden’s $1.8 trillion American Families Plan, that it must address before grappling with the debt ceiling. https://nypost.com/2021/11/17/janet-yellen-warns-us-could-run-out-of-money-by-december-15/.... More at source. I trimmed the article down to its most relevant parts. It appears that a US federal government default is on the table. An event which has reached mythical proportions over the past century. Every year for the past 50+ years people warn the government could default and social security will collapse. This negative sentiment has become so common and widespread that over time americans have come to believe it can never happen. "Social security will fail." Oh but people have been saying it will fail for 50 years and it hasn't. This means social security can never fail. As time passes and debt grows, our options and safety net for resolving these issues in a positive way, shrink. If anyone has bright ideas for how these issues might be resolved. Now would be a good time to voice them. A jump start on what could develop into a full blown crisis might also be a good policy. |
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Hopefully, removal of bitcoin support by bovada, 5dimes and other sportsbooks won't precede a decrease in BTC price. As occurred back when steam and other retailers did so back around 2017.
What will matter next is whether sportsbooks that are primarily cryptocurrency based follow the trend. Whether lack of crypto support will be isolated mainly in the large mainstream books.
Lack of news articles and media on the topic is somewhat concerning. I hope this shows the importance of anonymous bloggers and independent sources of information. Who often report on topics that the media ignores.
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 High inflation. High oil and transportation costs. Supply chain issues. Now is a great time to grow fruit trees in 5 gallon buckets. A big tree is not necessary to grow fruit. It can be done in a smaller and more compact unit. To ease dependency and negative economic trends. Its not a good time to rely on governments for assistance. Or to expect the state to save you. Best to take matters into your own hands anyway you can. |
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Can cryptocurrencies still be applied to future economic developments in the agricultural sector because it seems difficult? Most crypto start ups target a path of least resistance. Agriculture and farming have to represent an esoteric niche area as far as crypto start ups go. Me being me (guy accused of thinking crypto can solve every issue faced by society), I could come up with vague ideas where blockchain tokens might provide some value for the farming industry. I think everyone knows fertilizers, pesticides and herbicides used by farmers are all derived from fossil fuels. Increases in the cost of oil and fossil fuels is leading to higher fertilizer, pesticide and herbicide costs. Which is increasing the cost of food products. Its a double whammy where increases in oil are also affecting food shipping costs. One potential method of reducing farming production costs is reducing the cost of oil and fossil fuels. And one potential method of achieving a reduction in oil and fossil fuel costs is to expand the supply of oil and fossil fuels. Here is an idea on how this might be accomplished.  Notice a small supply of plastic waste there? Where does plastic come from? Its essentially made from oil. All plastic waste and plastic pollution littering the world is oil. There are methods to take that plastic waste and recycle it back into a fossil fuel. Which could potentially expand the world's fossil fuel supply, decreasing shipping, fertilizer, herbicide and pesticide costs. A crypto token could be built around funding and rewarding efforts to recycle plastic waste into oil. To benefit farmers and reduce food production costs. https://www.youtube.com/watch?v=oRkVYgNL8n0ReOil: Getting crude oil back out of plasticThere are other different methods crypto tokens might be used to potentially improve circumstances for farmers. Its not an issue which lies around a path of least resistance most often taken by start ups. But it is possible it could be done. |
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Michael Chiesa vs Sean Brady is a good match up. Talia Santos will be a good prospect to fight Valentina if she can get past Joanne Calderwood. Loma Lookboonmee is one of the best kickboxers in all of woman's MMA imo. Sean Soriano is one of Michael Chandler's main training/sparring partners out of Sanford MMA in florida. Miesha Tate is a friend of Julianna Pena and they both seem to be going a little off the deep end. They're both saying outrageous things that don't make a ton of sense. I expect Burns to give Chimaev a harder time than his previous fights, he'll definitely get hit at least once lets say  . He isn't going to be able to bully Burns as much. Could be a potential hiccup in the road for Chimaev, which could lower his stock. I see Dana looking for an alternative fight for both. Gilbert Burns is a world champion in brazilian jiu jitsu. He would be a good test for Chimaev's ground game. . |
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So the fed will shrink the money supply That is certainly interesting news. The fed has shrank the money supply a few times during its history. I'm not the most knowledgeable about economics or finance. But I do remember reading an essay written by former fed chairman Ben Bernanke on previous instances of the fed following that policy. It certainly made for interesting reading. Especially given the context of the current era. I would highly recommend anyone interested digging that essay up and reading it. An interesting point here is, credit and liquidity may be needed to jump start economies post COVID and post supply chain issues. Should both be resolved. Shrinking the money supply could make it more difficult for credit and loans to be acquired. Which could have a negative impact on recovery and growth. There are other aspects to it, that are relevant. |
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Inflation and supply chain are the new healthcare reform.
Americans have wanted to fix their healthcare system for decades. But never managed to learn enough about the basic fundamental workings of healthcare to comprehend exactly how it is broken. Everytime healthcare reform is put on the table, americans wind up supporting the policies that are worst for them.
In 2022, we're like eskimos who want to discuss the finer points of snow and blizzard conditions. But lack the proper terminology and shared experience to do so effectively. That's my take on inflation, supply chain difficulties and similar recent trends.
Of course, there are some who know and comprehend the basic principles. Who have published in depth journalistic pieces on these topics for decades. But no one listens to them. No one reads what they write. And so all of the important connections and conclusions aren't likely to be made by enough people. In the way that it needs to be for society to accurately and effectively respond to crisis, in the way needed to avert negative trends.
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I don't think the united states is a suitable climate for a future hub of organ donations. Cost of living is too high. Taxes, regulation and expenses too much overhead. Health and dietary regimen of americans can be a negative trend in contrast to healthcare and standard of living of countries who enjoy healthier average diet and lifestyle.
The natural progression would likely be for nations outside the USA to be offered monetary incentive for organ donation. With organs being imported into the US.
With the format being shifted to include monetary payout only upon the event of death via natural causes.
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There are (as of now) 14029 cryptocurrencies listed in coinmarketcap.com.
A case has been made (repeatedly) for the existence of a bubble in the cryptocurrency market.
Ok. Let's talk bubbles for a second. Goldman Flags $8.2 Trillion Threat Worse Than China EvergrandeSep 30, 2021 The real worry concerning the China Evergrande default drama is the inevitable where-there’s-smoke-there’s-fire paranoia that accompanies debt stumbles. The most worrisome such blaze, say analysts at Goldman Sachs, is surging local government debt levels that President Xi Jinping’s men have done their best to hide. The default troubles at the globe’s most indebted property development seem like small embers compared to the $8.2 trillion worth of local government financing vehicles outstanding. And that’s just the LGFVs we know of. The data that Goldman’s Maggie Wei highlights is as of the end of 2020. Clearly, the tally is higher now—perhaps markedly. Ten months ago, these shadowy investment schemes had reached 53 trillion yuan, up from 16 trillion yuan, or $2.47 trillion, in 2013. They now amount to roughly 52% of China’s gross domestic product, topping the official amount of outstanding government debt. In other words, as scary at the $300 billion Evergrande story might be, Xi’s government has much bigger problems on its hands. The most acute: keeping GDP this year from falling too far below the 6% Beijing hoped to produce without adding to the nation’s bubble troubles. The forces behind local governments sitting on financing-vehicle debt worth twice the size of Germany’s GDP date back to 2008. Even before the Lehman Brothers crisis, Communist Party dynamics encouraged municipal borrowing binges. The way local officials got attention in Beijing—and rose to national prominence—was producing above-average GDP rates. https://www.forbes.com/sites/williampesek/2021/09/30/goldman-flags-82-trillion-threat-worse-than-china-evergrande/ According to this there is an $8.1 trillion dollar automotive loan bubble in china. The student loan bubble in the USA alone is said to be larger than $1.5 trillion. Bubbles are usually associated with large sums of outstanding debt. Which makes it difficult to know where the "crypto is a bubble" claims are stemming from. |
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Most aren't aware of the key political divide hinging on fossil fuels and climate change.
One of the biggest financiers for the republican party in the USA, is big oil. When Donald Trump was elected President in 2016. I think one of the first options he put on the table was cutting tax credits for electric vehicles in america. On behalf of big oil. Years ago, Sarah Palin was famously quoted for her "drill baby, drill" comment about drilling for oil in north america. Big oil and the republican party have been in bed together for many decades. One key reason why climate change has such a polarizing and dividing influence on america.
On the opposite end of the spectrum, the biggest supporters of climate change policy are democrats. Al Gore (democrat) won a nobel peace prize for his slideshow on climate change in 2006. Obama (democrat) was one of the loudest voices for supporting the climate change based paris accords. Today Joe Biden (democrat) is one of the most vocal supporters for anti climate change policy.
Sustainability, carbon footprints, fossil fuels, climate change, global warming, the green movement, carbon taxes are all aligned across the political party divide in the united states. Which appears to be one of the most neglected and unacknowledged aspects to it.
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It is good to remember that banks have existed in one form or another for thousands of years.
There are segments of the economy where cryptocurrencies may never be well equipped to replace banks. At the moment crypto is not well positioned to takeover automotive, student and real estate loan markets. If an altcoin did emerge with a network of background checks, repo men and the liquidity to make large loans for homes, higher education and cars -- would there be advantages to it, over our current day banking industry? Which would allow crypto based alternatives to thrive over existing options?
Central banks are tied directly into the planning and direction of the economies of nations. That could be one area that couldn't be replaced by an altcoin.
It would seem that we have some obstacles to overcome, if crypto is to ever replace the banking industry.
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New York has a severe issue hemorrhaging residents to florida and texas. As a result, they have been seeking ways to entice residents to remain in state. Another step they've taken to attract residents is to legalize prostitution and massage parlors. Prostitution And Massage Parlors Now Legal In New York CityAlthough the laws of the state prohibit prosecution, Mayor Bill DeBlasio's action essentially legalizes the activity in the city of New York. NEW YORK, NY – The 80’s are back. New York City’s rising crime and violence will now be joined by legal prostitution as the city’s district attorney said his office will no longer prosecute prostitution. Although the laws of the state prohibit prosecution, Mayor Bill DeBlasio’s action essentially legalizes the activity in the city of New York. https://www.shorenewsnetwork.com/2021/04/23/prostitution-and-massage-parlors-now-legal-in-new-york-city/ It appears relaxed regulation and enforcement of new york anti gambling is a second step being taken to entice residents to remain in the state and not move elsewhere. New york has a long standing reputation for having the most unnecessary red tape, regulations and state oversight of any state in the country. Measures such as these being passed less than 6 months of each other is a very rare sight given new york's history and prior precedents. |
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Why did you have to go that far back in history?
The morons that followed Stalin, Mao, Chavez also got their spoils of war with the state robbing the previous owners and giving it to their army of useful idiots.
And there was nothing left to pillage, the whole farce went down. When Alexander and Genghis Khan tried to conquer the world, military might reigned supreme. The number of soldiers, cavalry and archers was the most important ingredient to being a global power. Today, the game may have changed. The united states is normally credited with having the most advanced, largest and most powerful military in the world. But seems unable to do anything effectively with it. Economic power and productivity could be more important than military power given the way the cold war came to an end. As we all know, the cold war was ended through economic means. The USSR's economy collapsed forcing it to break up into its individual, historic, composite states. It is possible that rewarding workers, rather than soldiers could be the winning precedent to follow today. A departure from past history. |
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How do I not lose money in trading cryptocurrency? Traders can identify a specific cause behind every major price movement up or down. That's the first step. One that can take years to collect and assemble all of the pieces of the puzzle to have a complete picture. This is harder to accomplish today than it was 5 or 10 years ago. Due to journalists and experts no longer being as open or honest about markets as they used to be. Acquiring the knowledge and experience comes with a learning curve. Which is why many aspiring traders initially make money trading under conditions they understand. Until they run into a situation above their level of knowledge. Causing them to lose money. Then there is another dimension to trading which involves discipline and decision making. Greed and money can have a powerful negative influence on a person's decision making process. Causing them to make sloppy and poor decisions they wouldn't normally make, if money wasn't involved. Maintaining focus and discipline also takes time to develop and comes with a learning curve. The only thing that is guaranteed with trading is. Those who believe market forces and entirely random or unpredictable are guaranteed to fail at it. |
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Interesting concept.
Could there be a built in mechanism to promote equality? In society, there are those who work longer hours, take bigger risks, who are more skilled & talented who reap bigger rewards under meritocracy. Would an algorithmic based economy benefit by applying small fees on the most hard working and productive members of society, to fund the activities of the opposite end of the spectrum?
The format appears to promote individual contributions, rather than team based application. I for one have always liked the pay scaling mentioned in the book Moby Dick. Where Captain Ahab and each sailor was entitled to a hard percentage of the ship's total profit. With the size of each share being determined by the overall risk and contribution to the ship's mission.
There is vagueness surrounding the contributions a member would make under your proposed model. What could the contributions be in terms of them having intrinsic value. The format could be considered similar to the pay scaling used by platforms like youtube to determine how much advertising funds publisher's of content should be entitled to.
Its an interesting idea and I like when people are thinking about things.
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