Some may find this piece informative. 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/ It appears china has an outstanding $8.2 trillion LGFV (local government financing vehicles outstanding) bubble to rival the united states student loan or housing bubbles. China's economy is still rolling along despite chinese banks defaulting and needing to be bailed out. Coupled with many catastrophic articles published about large chinese enterprises failing across the board. The united states war in the middle east is claimed to have costed more than $12 trillion by some sources. If china pursues war against hong kong, taiwan and neighboring territories. What would the cost be? Military technology in a modern age is so overwhelmingly expensive, it could carry the potential to make war too expensive an option to pursue, without eventually bankrupting warring nations. With the individual cost of sophisticated missiles rivaling the cost of a lamborghini. At a certain point, launching lambos at foreign countries would have to become economically unfeasible, is it fair to say. I do think that with the Crisis lurking right around the corner, the people would have a hard time trusting the normal currencies. The fiat might become obsolete in many Nations. We might see people flocking to invest in cryptocurrencies like Bitcoins. At the end of the day, they might work exactly how they worked in the pandemic, despite the whole crisis people were still earning, making money, therefore I do think it might not be such a bad news for Bitcoins, if it was able to take the hit from China, we might already be looking at something made stronger by endless attacks from banks, governments and everything else as well. Nothing to worry about it, it's not going to affect bitcoin since it's not crypto related. Plus it's not really our problem since it's China's internal problem and no matter how I look at it, I always see that it can only affect China alone so it's much better.
The fact is, the Chinese government is long set to release their own token, their own so called crypto, which is nothing but fiat2.0, they have been giving hints about banning bitcoins and other cryptocurrencies since ages therefore I do think that, this step was due from their side, they already were giving hints, so it should not be a shock to us. |
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If Bitcoins does become a Legal Tender, it would be amazing for all the crypto users in the world since there would be way more options, less tax, freedom to choose another payment method etc. It can finally be used not only as an investment but also as a currency, which can in turn expand the whole ecosystem..
It can finally become a one world currency. I do understand the Volatility might play a significant role but at the same time, people might have better access to international transactions and businesses are gonna flourish even more.
The probelm would be Government and Banks, taking it as a COMPETITION, whereas they should take it as a synergistic relationship, where both parties can grow.
I do think this would definitely happen in the future but it depends on the government for sure, how fluid they are with the whole thing. ( Till then countries like El Salvador, will definitely get a head start )
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Let me extend this news by adding few more facts : 1. Bitcoin and cryptocurrency courses are also available in Princeton University. 2. There is a whole career developing around the cryptos and the blockchain technologies, if you do want to know more about it, you can go here : https://www.e-zigurat.com/innovation-school/blog/scope-careers-in-blockchain/ 3. In 2019 the French Education ministry implemented a whole Bitcoins and Blockchain course to Give the students a head start regarding the cryptocurrencies which are now becoming an important part of our lives. ( There are plenty of other news that we will find every now and then, the fact is, cryptocurrencies like bitcoins is becoming big and people are actually investing their time and knowledge in them hands down, therefore the future is definitely bright) |
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A really interesting article: https://www.ft.com/content/8f9bbc77-06b1-4fbd-8b7e-6e381ba038a7 The gambling Addiction helplines are spread across the world and people are super aware of them as well. Right now apparently there is a news regarding people actually calling those helplines asking help for not their *gambling Addiction* but for their day trading addiction. The article goes far to compare the gambling with day trading, the trading platforms according to the article are now much similar to gambling and therefore when they talk about investing and trading, now a days, the animation, the applications, the bright colours, extreme profit and addiction is making it much similar to gambling. Apparently the apps are designed in such a way that they rewire a person's brain and makes it harder for them to leave that habit. My question is : *How far is day trading from Gambling according to you?* Is that a valid comparison?? Are we soon going to consider the day trading *gambling?* |
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Different people with divergent motives for gambling and Dice is the most go to gambling game for fun seekers and passive gamblers, and this has raised some cases in the casino House where you play against a player with different motives to yours. I only visit casino houses just to cash fun and spend my free time, but you will find other players who are always at the casino at all times and always ready to play a game against anyone ready this makes me believe this guy is not an addict but have gambled as they mean of making money and dice being an easy game which relies on luck as the top choice.
I generally would prefer dice over the game of crash. The fact is, dice might seem impossible to beat but if you do get engaged with the site where you can make changes before the bet, you can actually make profits for the long terms. So what you can do is, believe in *slow and steady wins the race* Make small bets Do make the risk area smallest, increase your range, ik you would make less profits this way but if you go on for the long term it would definitely work out. Reset everything, clear everything every 5-6 games. |
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A few leaders of OCDE countries are speaking wishfully about inflation, stating that this is just "a temporary peak". However this may or may not be the case. Even the people with best information (CEOs of large companies and perhaps some ministers) are unclear about how long do we have to endure inflation.
My translation for this is "we do not know if we can effectively pass the burden of all the money we printed onto the labour or the salaries will rise paving way for sustained high inflation in two years".
Inflation in terms of food can be *temporary*. Inflation in terms of general products can be *temporary as well* for example:- toilet paper, the cost was very high therefore I do think that it can be both temporary and permanent. - The permanent inflation can be for things like *healthcare*, *medicines*, *some products which are factory made* It also depends on where we are analyzing the situation, if you do consider countries like UK and USA, they would be able to recover fast and the government might provide sustainable development for the people but we don't see that happening at the moment, but with countries like Afghanistan where due to Wars and everything, people are struggling everyday and they don't really have a good stable economy, they might never come out if this deep hole so fast. What's needed is, " support and recovery time for them*. So this particular statement might have a lot of answers for a lot of situations and countries. Plus focusing on each and everyone is very necessary. |
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Being engrossed in the present, I think a lot have failed and refused to envisaged, or envision the future such as viz ;
•Bitcoin replacing Banks.
•Robotics replacing Man-power.
•Uber replacing Taxi's.
•Amazon replacing Bookstores.
•AirBnB replacing Hotels.
I feel they simply don't like all of this and are intimidated by the future, do you think so likewise ?
Banks : The usage of banks for Lending and saving fiat would always be useful. At the end of the day cryptocurrencies like Bitcoins are more important for investments and maybe exchange ( buying/selling). You would always need fiat, no doubt, we cannot get rid of poverty and we cannot teach everyone ( like old people and very young kids) about buying/selling, sending/ receiving. Therefore it would be very essential to actually use cryptocurrencies with fiat ( with banks ). Robotics replacing man power is something that's still going on, they are using robots for the surgery, robots are being used to clean areas not accessible to man, they are travelling in space etc. That's gonna happen for sure. Amazon replacing bookstores ? Not so sure, there is something about book stores that people do find very comforting, therefore they might be vintage in the near future but then again who doesn't love vintage ? Airbnb is not gonna replace hotels, it's gonna work with them and integrate the hotels on their sites so they can get a share of money they gonna earn . Uber replacing taxis is true, but at some places it's cheaper to call a taxi rather than order it from the app so till they are able to compete with the prices, it would not happen.. |
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It's true that the news regarding China stopping the mining is something that might push the price down but at the same time there are other countries as well, who are emerging as a safe heavens for Bitcoins, they are accepting it wholeheartedly and beginning to make a move to make it legal, many congressmen are already speaking in their favor and therefore I do believe that we might be able to see the ATH, after everything with China settles downs and they stabilize the whole price.
-Its only the starting of October and we are seeing movements therefore I do think that by the end of November we might be seeing a new trend soon, then again, nothing is fixed therefore just hold for the long term, you don't loose until and unless you don't encash.
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I do think that it won't only have positive long term effect on the environment basis but at th same time the government might stop tryin to dominate the crypto world, which they do every once in a while by trying to take over the mining farms and such, this doesn't affect things for the long term perse but then the Chinese government will stop trying to attack the hash rate and the network as well, in the future.
Most of the miners who are dependent entirely on the mining already tried to shift somewhere else, to countries which allows mining and is more fluid as compared to China. The regulations were always tight as well and therefore I do think that if the mining was used as a tool to control and dominate the bitcoin market then it's better, they banned it..
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I do understand what you mean, there have been instances where players had the same probelms with the sites and at the end of the day, nothing was done. If you are always using the same email address ( if needed ) then you might be safe with those things, but some sites generally delete the account, if it's been inactive for a while and at the same time if you have not deposited anything in the wallet since a really long time as well. Therefore this is something wise that works along the way, I do think if more sites are using this method, they might prevent further probelms with the players.
~
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Iran made ban on bitcoin mining after gathering information of mining farms around the country. According to the data it is clear that more than 90% miners were using illegal electricity and without proper licensing. Only 5-10% were doing it in a legal way with proper licensing from the respective authorities. This illegal usage of electricity resulted on the deficit of day to day needs around the country. Now the government might've made required changes and lifted the ban.
The government would need to make changes ofcourse if people are not going to work according to rules and regulations since at the end it might affect the whole country. You cannot expect some of them to follow the rules without any secure system in place that's why it's much needed to not only let cryptocurrencies get integrated in the whole system but at the same time, it's necessary to not let it affect the general public perse. It's all about healthy regulations. If the government would have not lifted the ban it might have been problematic for people, but they did do it, which was beneficial, now the companies would not be just able to mine but they won't have to hide anymore. The probelm would be *small individual miners*, they might have a probelm tackling the system, undoubtedly the government needs to look at their concerns as well. License is always expensive for most people, therefore they generally choose to do it illegally, therefore this time, they might have to be a little lenient with the requirements as well. It would only work when both people and government come together. |
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This drawing concerns with Roobet and sports betting integrated together. - I am still completing it therefore would update it no later than midnight. Thank you Username: fiulpro      Some details:  |
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For me the video was really interesting. Few things one might consider: 1. The storm is around 12% likely to happen in the next decade 2. We don't have enough data about the previous one's. They caused a massive outage all across Canada for around 9 hours, therefore even if it happens this time, there will be a chance of it being affecting things for no more than days. 3. We do have a whole decade to prepare therefore most probably the scientists would be able to tackle this issue, the issue would be with the wires passing through the oceans, so I do think what might solve this is : **Creating more hubs like Singapore across the equator to make sure things are under control.** 4. It would not affect all the business for sure, the higher chances of it affecting the world trade and the satellites cannot be disregarded, but what matters is making the communication between the countries stronger perse and enhancing the local businesses as well. -The whole thing would be a nice competition for the scientists to tackle and right now and research needs to be done on this topic more. |
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That's because when you are selling a house or when you are selling a piece of land, you tend to have an emotional attachment to it, especially in villages, in tight communities where people grew up like that, therefore at the end of the day, they are going to make comments, ofcourse, but that's just emotions getting the best of them and not just *common sense*
When we are talking about investments like *Bitcoins*, *Stocks* they are on a different pedestal, they might not have that emotional attachment, plus people are able to *trade*, to instantly change them, convert etc.. it's something that might come with less of a burden.
That aside when they are going to say something like that again in the future, you must remind them, that's how it works, now they are also a part of the village, weather they like it or not, they can say all these things for years to come or they can choose to work together to make a better community.
Hopefully people can be kinder to other people in contrast to being kinder to inanimate things like *land*
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Now what they did is similar to what big business companies do usually, they generally try and overprice their products by using such strategies of strategies similar to these therefore what the guy did was honestly not just a scam but also he unfortunately stained the NFT industry, now people are not just going to be more aware but at the same time some might decide to ward off from them.
The whole point is, if you do a thing like that, you generally ruin the image of the whole industry alongside your company as well, therefore I do hope that in the future people can have better options to investigate the meaningless and super high value themselves before making any decisions.
The whole point would be to :
1. Investigate
2. Be extra careful
3. Have an idea about pricing things according to their value.
4. Learn to tackle such scams using blockchain technology.
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I would not recommend you using automatic betting especially in dice bets. I do understand that there are a low of mathematical laws and statements that might theoretically make you a millionaire. But that's not practical, people have done it, there are a lot of videos on the internet of people using the dice, puting in enough money that could have sustained them for the whole month and loosing it all.
1. What works in theory doesn't always work practically
2. It's a hard task to pin point that the sites are not actually getting stronger in tackling such strategies.
But using settings while placing bets individually is actually a great idea, for me I always love to decrease the risk by increasing my range, yes that might decrease my overall profit perse but at the end it's the safe side and every once in a while I do choose to reset everything to start a fresh. Most sites will let you choose your range, they will even let you choose how much you wanna bet but automatic betting will be your downfall if you are trying. The only thing that might work would be a super strong bot that learns along the way, sites are different and they are getting better but I am not sure that having bots for betting is legal everywhere or no.
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Ofcourse.
I do believe that everyone can make a contribution, be it small of big when it comes to crypto community. Let's talk about how :
1. Reach out to your friends and families educate them about cryptocurrencies
2. Make sure you are always rechecking the facts and news which is being spread on the social media websites
3. Always be willing to learn and keep the crypto news websites handy, also it's advisable to check any news regarding legal issues on the government websites and not anywhere else, some news sites can tilt and manipulate it, better to be safe than sorry.
4. If you do see a FUD, report to the moderator for example on the forum itself! It's just small steps that we can do in order to ensure that people don't fall prey to the FUD's, panic buy/panic sell and at the end of the day loose the track.
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Entain one of the world’s largest sports-betting and gaming groups gearing up to granted a Dutch gambling license in first half of 2022. The company plans to submit its license application in the fourth quarter of this year. The Netherlands had in April 2021 passed a law legalizing online gambling and operations are to abide by its very strict demand. It should be noted that awaited online gambling market opens midnight on Friday 1 October. So far only ten entrants will be allowed to operate while the applications of other companies are under review. Some of the companies that will be allowed to operate include; Play North, Bingoal, Toto Online, Holland Casino, NSUS Malta. https://casinobeats.com/2021/09/29/ksa-confirms-first-players-in-dutch-legalised-online-gambling-marketplace/ Other than that the taxation is horrible, they have increased the tax rates to 30.1%, when asked about it apparently it was because of the delayed Online gambling licenses. Which I do think is really high, if they are just starting the new companies will have a probelm registering and earning profits for the long run. I do think that the whole idea would be not only implementing safe Gambling practices but at the same time taking care of the Privacy as well, most sites are gonna ask for the email and you must report the winnings as well. The news perse is amazing but I do think that the country still has to workout their laws regarding gambling and make it more user friendly as well so that more people would be involved. |
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Live football bet has been popular among gamblers and it’s popularly known as visual games this method of betting is like playing dice as it is all about the number predictions but again there are some peculiarities between both gambling games, one involves high risk and the other is based on luck. Between playing dice and football, visual prediction, which will you prefer as a passive gambler.
If I am not really sure about winning but if I do, I would rather choose DICE. Reasons : 1. You can choose the level of risk you wanna take in Dice. 2. You can choose the minimum betting wage 3. Odds are in your hand at times 4. There are so many options available with a lot of bonuses and free plays When it comes to Football, there are few advantages that I would like to point out as well: 1. More fun 2. Interactive 3. Winning odds might be lower but the profits are way higher. 4. Plus if you know the team and the players well by heart then you would make good choices as well. |
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It's something what most people already know about, but when we are talking about newbies or people who have no idea about this. I do believe it's our responsibility to teach them about it.
My whole family is really traditional when it comes to investments, but I made sure to teach even my grandma about bitcoins as well, she knows the basics and she is almost 80!! Even though she can't use it, she has the idea.
My brother and Dad are always asking me if I can invest their money like 20-30$ every once in a while, then they take it out at appropriate times. The whole idea is : Bitcoins only came into existence in 2009,it's still early for everyone to know about them and most likely it's out responsibility as an active member of the community to spread the awareness since this is one thing that provides financial freedom.
An interesting fact:
Do you know 1 in 10 people invests in cryptocurrencies in today's world?? Which is honestly a huge number.
Plus after the awareness the benefit of Bitcoins and cryptocurrencies can be extended to tackling corruption in various sectors. Especially the governmental sectors.
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