With inflation and global debt skyrocketing, we must prepare for the day that the monetary system fails. It is basically a mathematical certainty that it will.
In 2008 we were much closer to bank failure than people realise. Jim Rickards, one of the USA's leading economists and financial advisor of the Pentagon, negotiated the bail out with the federal reserve in person. They were 2 hours away from closing every bank in the USA.
We're now more than a decade later, and the national debt has tripled. Most experts I know, say that a new 2008 is happening within 5 years and this time there can be no bail out. The monetary system will go dark. Banks closed, funds lost, and people losing everything.
Imagine that during a financial meltdown there is a cascade of banks failing and closing. What would happen to the bitcoin price?
Would it rise because of hyperinflation or would it crash because there is no liquidity to enter the markets?
The fiat monetary system won't "fail" in terms of banks closing down and the people losing their savings. The real "failure" will be the further devaluation of the US dollar. The Federal Reserve will keep printing money in order to support the commercial banks and to cover the US federal deficit, so the value of the US dollar will keep going down. Less and less countries will use US dollars for international transactions and the USD will soon turn into the equivalent of toilet paper. Bitcoin is scarce, which means it's deflationary, which means that the people will view it the same way as they view gold. Gold prices kept going up during the last 50 years mostly because the US dollar is losing value. The BTC price is supposed to increase as well. |
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Why do you think that he doesn't know anything about sports betting? There's no need for you to "introduce" him to sports betting.
The guy probably likes the low IQ gambling games like slots. That's just a personal preference. Some gamblers like playing slots, while others hate slots. Some gamblers like betting on sports, while others hate sports betting. If I was on your place, I would just mind my own business and let him play whatever gambling game he wants. Giving gambling advice to someone else is a bad move, because he might blame you for losing a big amount of money on sports betting.
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But do you think this is a smart move of him or you still prefer the use of digital dollar?
Do you agree with him to not allow the creation of CBDC or you just don't care about this?
I know that it is non of my business but I just want to know, is there really a need to create CBDC?
1.Trump is a well known liar. I don't believe that he will keep all his promises, if he becomes president of the USA for the second time. 2.The US president doesn't have control over the Federal Reserve. The US Congress and Senate have control over the Federal Reserve and I'm not sure that the Republicans will get a majority in both the Congress and the Senate. Many Republicans don't share the same views as Donald Trump. There's nothing we can do in order to stop the creation of CBDCs. The only thing we can do is to stick with Bitcoin and some of the altcoins. |
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Perhaps this "professional guesser" already knew the answers of those questions, by talking with his colleagues about those subjects in the past.  Or maybe he was just lucky. Luck comes and goes. You can't be lucky 24/7 during the entire year. Maybe this guy can read people's minds. Can he predict the future? Maybe he could make more money as a fortune teller, instead of betting money on gambling. Why doesn't he try his luck in a casino(or at sports betting) and see where he goes? Sometimes can I guess correctly one or two numbers of the lottery, but that doesn't mean that I will win the jackpot. |
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Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?
Moving his coins "by mistake"? What does that mean? Do you move your own coins "by mistake"? Why didn't Satoshi move his coins back in 2021-2022, when the BTC price was around 59K? Does he even care about making money out of Bitcoin? Is he even alive? So many questions and no answers. The discussion about "what would happen, if Satoshi appears out of nowhere?" is pretty much pointless at this point, but random forum members keep asking the same question over and over again. Even if Satoshi sells his one million coins, the Bitcoin market will head back to a bull run after several years of increased BTC supply. |
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150 years of exporting between countries began in 1870, when the beginnings of exporting from the United Kingdom began in the 1800s, and from that time countries such as the United Kingdom, the United States, Germany, China, and Japan topped the lists of exporting countries. Is export capacity related to manufacturing capabilities or to resources available in those countries? What natural resources does Japan have? The only resource Japan has is a hard working and well educated working class. The United Kingdom also doesn't have many natural resources, but it exploited the natural resources of many colonies around the world. The USA and China have lots of natural resources in their lands, but they also have to import lots of resources. In summary, the export capability is determined by manufacturing efficiency and the access to cheap resources(labor can be also viewed as a resource). |
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I just discovered a friend's personality, who in real life is very thrift and very conservative but once he played online in casinos he became very reckless and loved to play the risks because for him when it comes to gambling if you cannot take a risk you don't have a chance to win big, that's a big contrast from his real personality for him he has alter ego when it comes to gambling, so his outlook and decision is very much different when playing.
How about you Are you gambling in a way that is very different from your true personality, Is there any study, which proves that your personality has something to do with your style of gambling? I don't know about such study. Maybe you don't really know your friend. I don't think that somebody can be a huge risk taker in gambling and very cautious and conservative in his normal life. Maybe your friend is at the early stages of developing a gambling addiction. You should talk to him about this. I'm conservative in life, but I'm also conservative in gambling. I don't like taking huge risks in both life and gambling. I like to be predictable and stable. |
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1.There's nothing wrong with the "Get rich" mentality. Most of the people have such mentality, and this is what motivates them to invest in Bitcoin/crypto. The problem is the "get rich quick" mentality and the belief and you will make absurd amounts of money by investing in projects that sound too good to be true.
2. 99,9% of the crypto influencers are clowns anyway. If you make financial decisions because some crypto "guru" on TikTok or IG told you that X shitcoin is going to hit the moon, then you deserve your faith.
3.Investing in BTC only is way too conservative. I don't mind investing in the Top 10 altcoins. Investing in shitcoins and shit-tokens is a big mistake.
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Do you really believe that the guy, who created this "infograph" 150 years ago can successfully predict what will happen to the global economy in 2035 or 2053? Even "math and logic" can't predict everything. All this sounds like nonsense to me. This guy tried to prove by using math and logic, that the stock markets are cyclic. 150 years ago, the Federal Reserve didn't exist. Nowadays, the Federal Reserve has a major influence over all financial markets. Did this guy predict the creation of the Federal Reserve?
What mathematical equations did he use, in order to prove his theory? I'm not a math guy, so I can't tell whether his theory is legit or a total BS. It seems more like BS to me.
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Real Madrid players were tired for the game against Almeria. Maybe that's why they had such difficulties at winning the game. The referee and VAR were heavily criticized for helping Real Madrid and I can definitely understand the haters.
Barcelona finally started scoring more goals, but Betis performed bad in defense. I don't think that Ferran Torres would be able to score three goals against a stronger opponent. Joao Felix is becoming a key player for Barcelona and I guess that his loan deal will turn into a full contract.
Girona completely destroyed Sevilla and it would be really nice if Girona wins this season of La Liga. Sevilla is in a deep crisis and they might be struggling to keep their place in La Liga.
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I have recently watched a video where the guy says that it is safer to buy a house with BTC (and other cryptocurrencies) than buying through one real estate agent. If I remember correctly, he says that it can be proven through a NFT.
That sounds cool, but what about all the regulations and laws of the government? I mean, won't they charge their share? Won't it be possible to get a fine for using crypto instead of FIAT?
I know there are already countries that are "crypto-friendly", but it seems to be interesting to prove your house purchase through an NFT.
Any link to the video? The idea that buying a house with BTC is safer seems like BS to me. Are fiat transactions unsafe or something? What can be proven via NFT? The act of purchasing property and paying via BTC? Is this a joke? The purchase can be proven via a property certificate. NFTs aren't accepted by any government around the world as a proof of a real estate purchase. The guy you have watched is talking nothing but BS. Real estate agents cannot be replaced by crypto or a blockchain technology. I don't know about getting a fine for using crypto instead of fiat. Some countries might allow crypto payments for real estate, while others wouldn't allow it. |
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It's fun guys, govs hardly avoid accepting Bitcoin is money, but when it comes to gambling then users are risking money, so, casinos need a license.
Let's be honest, If you can deposit, wager, and withdraw. I don't see where the license is in the process...
Just want to say Fuck Curaçao, the island in the middle of nowhere who decide to take the crypto gambling industry in their hands and make billions of dollars with it. Who the fuck they are to wash money this way?
Crypto gambling needs freedom, and i insist in this point. If you can Deposit, Wager and Widrawal, then you don't need anything else. And a big shout out to those casinos who still working until now without a license, freebitco.in, Just-Dice.com, bustabit.com... They are big examples of how crypto gambling should be.
I agree that Curacao gambling licenses are useless. Having a useless gambling license creates the fake sense of legitimacy, but the casino can still find ways to scam the gamblers. Decentralized gambling should become the future. Betting directly from your cold wallet and receiving the profits directly to your cold wallet (minus a certain fee)should become the new normal. If decentralized gambling becomes a thing, why the hell would you trust a third party, by depositing your precious coins there and conducting useless KYC. The problem is that nobody wants to invest in truly decentralized gambling projects. |
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Ok, richdad poordad is about getting out of school and get a hold of your finance, get out of rat race and leave the cage, but what else to do after you had made it? I do not like richdad poordad for not having a complete guide, they just stop right at the middle of nowhere, and left the rest to the reader to figure them out... The people, who need guidance throughout their entire lives are simply stupid. Do you really need a guide about what to do with your life from Day 1 to the day you die? You have a brain and free will, you'll figure it out. Do you want somebody to spoon feed you for the rest of your life? Achieving financial freedom is something big. Most of the people will never escape the rat race. Are you really trying to ask about "what to do after I achieve financial freedom?" You can do whatever you want. Get a wife. Have kids. Save enough money to retire. |
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I really hope that Leverkusen wins the Bundesliga after so many failures and no trophy in their entire history.
This will be a great proof that Xabi Alonso is doing a very good job as a coach and that he might be one of the biggest favorites for a new Real Madrid coach.
The Bundesliga is getting really boring with that long term Bayern Munich dominance and almost nobody(except Bayern fans) want Bayern to win 10 or 15 titles in a row. Every era of a domination has to come to an end sooner or later. Thomas Tuchel isn't a coach, who is known for winning many championship titles. I had doubts about him, when he signed with Bayern.
I would bet a small amount of money on Bayer Leverkusen winning the Bundesliga.
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I became worried and found it difficult to answer after my friend asked me scary and ridiculous questions about Bitcoin ownership.
he asked. If friends, new acquaintances, or other people find out that you have a sizable amount of Bitcoin, and you don't tell them. Then you are kidnapped with several people covering their faces, with the aim of getting your wallet address with the risk that if you don't give it you will be killed.
And another reason, you have given your wallet address to members you trust, such as family members or your wife and children.
And I want to know, what are you going to do.
Aren't you going to give the bad guy your wallet address, and you let him get killed. However, your Bitcoins remain safe because you have given your wallet address to someone you trust.
Or you will give it away because you still want to live, and you don't have any more Bitcoins.
And it was just a casual conversation with a friend of mine who both owns Bitcoin, and I was just wondering what other people's answers to this dreaded question made me want to create a thread.
I don't agree with the people, who just say "give them your BTC, your life is much more important". OK, but what if they get your BTC and kill you afterwards? Never give anything to your kidnappers, you are valuable to them as long as you have BTC. The moment you give them the BTC, you become a burden and they will try to get rid of you. The same situation applies when you have cash or gold and you get kidnapped, I don't know why everyone thinks that owning BTC changes anything. BTC transactions can be tracked and the police can find the kidnappers. |
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The "Bitcoin ETF approval" hype has already been consumed by the market and the traders right now are selling and taking the profits.
I expect a stagnant/bearish market in the first half of 2024 and a post-Bitcoin halving bull run in the second half of 2024.
There's nothing to worry about, even if the price drops down to 30K USD. The market will have more bull runs this year.
I think that historically(except the beginning of 2021) January and February aren't very bullish months for Bitcoin. I know that such historical comparisons can't be always accurate, but some traders keep paying attention to this kind of data.
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My forecast about the global economy-more debt and lower growth.
The global debt will keep growing way above 300 trillion dollars. The debt bubble will burst after several decades.
The European Union will enter recession, because of the oil & gas sanctions against the Russian federation and the high interest rates.
The economic growth of China will slow down in the long term, because the population in China is getting older and the real estate bubble is slowly going down.
The USA will keep pumping their economy with newly printed money and cheap labor from Latin American immigrants. At some point, the US dollar will lose it's global dominance and the money printing will lead to higher inflation and currency devaluation.
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I agree that online gambling is more accessible than ever, but who is going to give the teenagers money, in order for them to start gambling?
Do you know any parents, who will give their children money to gamble? I definitely don't know such parents.
Do you think that the kids/teenagers will find ways to earn money, so they could start betting in the casino?
I think that gaming is a bigger problem for the kids than gambling. Some kids/teenagers are addicted to playing video games and this problem can be as bad as a gambling addiction.
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IF YOUR FUNDS ARE NOT INVOLVED IN ILLEGAL MONEY LAUNDERING. YOU NEED TO SUBMIT PHOTOS OF THE FRONT AND BACK OF YOUR ID AS WELL AS A SELFIE OF YOU HOLDING
THE ID AS SOON AS POSSIBLE, AND PAY AN ACCOUNT REVIEW DEPOSIT OF 60% OF THE TOTAL ACCOUNT AMOUNT AS SOON AS POSSIBLE TO VERIFY THE LEGITIMACY OF YOUR TRADING ACCOUNT.
THE BALANCE OF YOUR ACCOUNT IS: 201080.50USDT. THE REQUIRED DEPOSIT IS: 120648.30USDT. AFTER THE ACCOUNT SUCCESSFULLY PAYS THE ACCOUNT REVIEW DEPOSIT, IT WILL BE JOINTLY
REVIEWED BY THE INTERNATIONAL ANTI-MONEY LAUNDRY ORGANIZATION AND THE DAPP MINISTRY OF JUSTICE AND TECHNOLOGY DEPARTMENT, AND THE REVIEW TIME IS 24 HOURS.
IF YOUR ACCOUNT IS NOT INVOLVED IN MONEY LAUNDERING AND THE SOURCE OF FUNDS IS NORMAL, AFTER THE REVIEW IS COMPLETED, THE DEPOSIT WILL BE FULLY RETURNED TO YOU MEMBER
ACCOUNT, AND YOU CAN WITHDRAW YOUR ACCOUNT FUNDS AND THE ACCOUNT'S TRUE VERIFICATION DEPOSIT AT WILL. THANK YOU FOR YOUR COOPERATION. Where did you get that message from? No legitimate organization is going to ask for a 60% "account review deposit". This sounds like total nonsense to me. Do you really have 201K USDT in your account? Are you using a centralized crypto exchange? What the hell is a "Dapp Ministry of Justice and technology department"? Where do you live? The term "illegal money laundering" seems like a joke to me. Is there such a thing as "legal money laundering"? OP, I'm sorry about your case. Did you contact the customer support of the crypto exchange you are using? |
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Decades ago, when the purchasing power of the US dollar was decent and the inflation levels were relatively low, the people used to save money in the bank. Nowadays, putting money in the bank and waiting for interest doesn't work anymore. The people are seeking for other ways to save and invest money-real estate, investment funds, hedge funds, crypto, etc. This increases the overall risk, but it also brings higher returns. Anyway, the money printing machine of the Federal Reserve should be blamed for all this. We just have to wait for the fiat financial system to collapse completely, before the alternative rises from the ashes. By the way, I don't believe that the alternative will be Bitcoin or crypto.  |
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