In the end both payments system have to live together in other to provide the best service, there are several other features that is presented in Visa and absent in btc but that does not mean btc is less in value, the way btc was designed is different than Visa, between I like the idea of having both around which means I can choose anyone that suits me at any given time.
A partnership between fiat and cryptocurrency can be mutually beneficial. That said, my suspicion is that nowadays even fiat based payment processors such as PayPal and Visa are getting concerned about the rise in inflation rates. And the good thing is that they are looking towards cryptocurrency as one of the solutions and not towards other assets such gold and platinum. Perhaps they are aiming for some hybrid system between fiat and cryptocurrency, which will keep their business safe from hyperinflation. |
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And the fastest asset that can lost it. Thats the main point of crypto. Fast gains, fast losses
Let me ask you a question. You invested in an asset for $8000. In 12 months, the price increased to $62,000, but then there was a correction and the prices came down to $36,000. Here my question is - are you still going to complain about the overall returns? Being an investor in cryptocurrency for the last 9 years, I have seen a lot of ups and downs with Bitcoin. I know that correction phases are when we need to hold on to our coins. I would even say that these phases provide us an opportunity to accumulate coins at cheap rates. |
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I think Elon is manipulation our attention. He is Twitter influencer, not a crypto expert.
It is true. he has the expertise to manipulate our minds (perhaps more precisely his followers) with just a few posts on twitter. in the crypto world don't trust anyone easily and don't easily believe any news! Even his followers don't take him seriously anymore and that is clear from the market reaction to his latest tweets. He has flip-flopped on his positions too frequently and that has made him a laughing stock. Once he held much influence in the cryptocurrency market and that influence has now evaporated thanks to his own reckless actions. And IMO, that is good for the health of the cryptocurrency market. Bitcoin prices should not go up or down by 30% in a single day, because some crazy guy is having verbal diarrhoea in Twitter. |
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Waiting for natural immunity to happen, while doing nothing, is too risky indeed. But there is no country in the world right now where something like this is happening. Various measures are being taken to prevent the spread of COVID-19: vaccinations, restrictions. Also, apart from stimulating the immune system to produce antibodies, the vaccines help to prevent people developing severe Covid symptoms. I'm sure the solution is vaccination, but when most people of the world will be fully vaccinated is a big question. Right now it's only 5.5%. Looks like we have 3-4 months of the vaccination process ahead. It's a long time, but the world economy will survive. We can see from the past year that it is strong enough to survive many months of unfortunate events.
Sweden, Brazil and Mexico are some of the countries that tried the herd immunity approach. And look at the condition of these countries right now. All of them have much more deaths from CoVID 19, when compared to the neighboring countries. In case of Sweden, they have reported 14,413 deaths from CoVID 19 till now. On the other hand, the neighboring countries such as Norway and Finland have reported less than 1,000 deaths each. Look at the stark difference.. this is what herd immunity approach did. |
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Incentives are always good for people in general in whatever case they are being offered.In the vaccination process it is even better as it will attract more people to get vaccinated even if at first they don't want to.The prize of 1 million dollar is appealing for anyone in whatever country they are living in and I agree with what the governor of Ohio is doing.In fact this should be done in many non developed countries too as it can have an even better impact there.
It may appeal to some, but don't forget the fact that you can get a lottery ticket with a jackpot of $1 million, for as little as $5. So essentially, those who got vaccinated are being paid $5 each. It may be a big amount in a country such as India or Pakistan. But in the US, it is less than half of the hourly minimum wage. But I don't want to oppose this move from the government, as they are doing this to encourage the vaccination rate. My opinion is that people should get vaccinated without any compelling. |
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Does the US still has the highest number of cases or they are not leaders now? I havent heard shocking death case number for a very long time from there. Now India is on the lead I think. Do you think that US has defeated covid or stopped major spread?
I really dont know what to do with all that virus. Vaccine does not help, however a lot of people are happy that the vaccine exist and they get doses. Masks does not give a full protection either. Social distancing rules are often ignored.
The current situation in the United States is not that encouraging. Despite completely vaccinating almost half the population, they are still reporting huge number of cases and deaths. As per the available data, during the last 2 weeks there were 8,639 deaths and 326,738 new cases. These numbers are huge (although not as high as what they have in India). Even countries with very low rate of vaccination, such as Japan and Germany are not reporting this many cases. So the situation is really serious in the US. |
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Also, the BCCI will be able to conduct the T20 World Cup in India as long as the cases continue to drop just like in recent times.
However, if the cases rise or if there is a third wave of infections, they will probably have to give up on hosting it in India in my opinion which would be the right call.
This is just craziness! Yesterday there were almost 200,000 new cases and more than 3,000 deaths from CoVID 19 in India. I don't think that any of the other countries would agree to play in India. Out of the 16 countries, a majority are going to pull out, if the world cup is staged in India. And the BCCI never cares about the health and well being of the players, as seen from the debacle we had during the IPL. But the other boards can't be so careless about the safety of their players. |
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in some large countries such as the US if they have received the vaccine they are allowed to remove the mask. I was a little surprised to read this news. I think the policy cannot be applied in all countries. do vaccines really make someone immune?  Vaccines prevent disease 95% of the time (the case with Pfizer and Moderna vaccines), but 5% risk remains. But that doesn't mean that it will be OK to remove the mask. Because people without mask can propagate the virus, to those who are not vaccinated (remember that those who are aged below 16 years are yet to be given an opportunity to get the vaccine in the United States). It is upto the government to decide whether those who are vaccinated are given a right to be without their masks. |
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Here are the latest stats from 30th May 2021. Total market cap: $1,537,727,730,983 ( +16.13%) Bitcoin: $666,613,448,105 (43.351%) Bitcoin forks: $17,056,596,971 (1.109%) Stablecoins: $102,673,943,341 (6.677%) Altcoins: $744,754,553,385 (48.432%) WBTC: $6,629,189,181 (0.431%) This is the change compared to my last post: Bitcoin: -3.739%
Bitcoin forks: +0.067%
Stablecoins: -0.295%
Altcoins: +3.990%
WBTC: -0.023%Just one word - bloodbath!
Here are the latest stats from 23rd May 2021.
Total market cap: $1,324,130,409,786 (-41.74%)
Bitcoin: $623,526,428,661 (47.090%)
Bitcoin forks: $13,797,728,138 (1.042%)
Stablecoins: $92,312,904,236 (6.972%)
Altcoins: $588,476,218,495 (44.442%)
WBTC: $6,017,130,256 (0.454%)
This is the change compared to my last post:
Bitcoin: +6.997%
Bitcoin forks: -0.351%
Stablecoins: +2.985%
Altcoins: -9.707%
WBTC: +0.077% |
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Really hope this turns out to be true many companies as of recent are planning to adopt bitcoin this is definitely going to lead to a huge development in crytocurrency.Unlike before that many companies and bussiness are not willing to use cryto, today things have change so much and the rate of crytocurrency adoption is increasing daily by both the companies and people world-wide.
At this point, let's not forget the fact that it was PayPal which started this trend of mainstream adoption, when they first integrated Bitcoin to their platform in October 2020. That move triggered the bull rally, which took Bitcoin from $8,000 to $62,000. Now we are down to $35,000, thanks to manipulation from Elon Musk. But the news from Visa, if confirmed should once again take us to $50K. For the ordinary investors, the only thing to do is to store your coins safely and securely and watch the show. |
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everyone says bitcoin is dead, everyone is afraid to invest in bitcoin, because of twet elon musk, prices are starting to fall,
but I'm sure bitcoin in the future will be fine, and will return to normal as before, bitcoin will never die ..
Ups and downs are an integral part of Bitcoin market. Those who have a problem with that should stay away from Bitcoin and divert their funds to more stable assets such as treasury bonds and bank deposits. For long term holders like me, these short term fluctuations doesn't make any difference. I first invested in Bitcoin almost 9 years ago (in 2012), and the current exchanges represent a 400x increase from my initial purchase price. But for some people, they are more contend with a gradual 2x return. In such cases, I don't want to argue with them. |
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I think the inflation because of pandemic, the price increase, food, services, and other needs for living everyday. And I also think why the prices increase is to get their losses from previous year, that is business they are only thinking is to get profit.
Nope.. I don't think that the businesses are responsible. With so much competition, it is virtually impossible for the businesses to overcharge. The problem is with the governments. Now they got the justification in terms of the pandemic and no one will question them if they print unlimited amounts of banknotes. The US government has announced additional spending plans worth $6 trillion. The other countries are likely to follow the example. It is a once in a lifetime opportunity for the politicians to steal trillions of USD from the public exchequer. And hyperinflation will be one of the several consequences that result from this robbery. |
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This is the same that I have been thinking, Musk is doing exactly what McAfee was doing and we know that this is not a good path to take and yet he seems confident he can do whatever he wants and there are not going to be any repercussions for his actions, but I think he is feeling for the first time some pushback as he has been trying to backtrack his previous tweets and trying to make it seem as if he is still onboard of bitcoin when I doubt he is holding any bitcoin anymore.
Obviously when he changes his stance every week or so, the pushback will be there. A lot of people invested in Bitcoin, when Musk tweeted positively about it. And they suffered heavy losses when he bad mouthed BTC after a few weeks. Even then, many of his followers joined the Dogecoin pump and pushed that shitcoin to the top-5 list. And now it looks like he has again changed his stance. But this time, there was hardly any impact on the market. The writing on the wall is simple - no one takes Elon seriously now. He is too unstable. |
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Trading cryptocoins beginning on 2023 will be much different from today. There will be more restrictions, less freedom and stricter KYC. The crackdown in China is beginning, I heard there will be an announcement from Chinese regulators on June 2. America’s crackdowns begin on 2022, I reckon the rest of the world on 2023. Let us enjoy while the cryptospace is still here.
Unfortunately most of the countries are moving in this direction. So far this year, we have heard about similar news from countries such as India, China, South Korea, United States and Bangladesh, to name a few. I still remember the scenario we had in 2013 and 2014, when it was even possible to order anonymous pre-loaded plastic debit cards with Bitcoin from Bitplastic and a few other companies. Now it is almost impossible to order one, even with complete KYC verification. |
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The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different.
In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees)
If I remember correctly, the first time I made payment using Bitcoin was in 2013, and it was for CryptoThrift. Waiting 10-15 minutes to get the confirmation was new for me, and I was nervous about it initially. Gradually I got used to lengthy delays in getting a confirmation. Back then, there were not much options to spend your coins and a lot of people were wasting their BTC with Satoshi Dice (Bitmit and CryptoThrift were the only market places, AFAIK). Everything changed by mid-2013, when the exchange rates suddenly went up from $5 per coin to $250 per coin. |
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The figure given here ($28 million) is for the three year duration between 2018 and 2020. That is around $9 million per year. They should compare it with the amount stolen every year through debit card cloning and hacking of bank accounts. I am sure that the amount involved is at least 100 times higher. The statement is in bad taste, as they are blaming cryptocurrency for these crimes. Ideally they should have clarified that out of financial fraud cases, around 1% involves the usage of cryptocurrency and for the remaining 99% fiat currency is used.
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It's not really shocking. We know that Curacao licenses are preferred because they do not have strong regulation. Some people seem to thing that being licensed makes a casino more trustworthy but there is really no evidence that licensed casino are any better than unlicensed ones. The license is nice for marketing but it means very little with regards to integrity of the casino.
Still I would prefer to play in a licensed casino when compared to an unlicensed one. For the purpose of license, they at least need to reveal the identity of the promoters, right? So in case if some of the promoters vanish with our hard earned money, then we will be able to track him, and recover the amount. In case of unlicensed businesses, none of this information will be available and by the time we trace the identities of the promoters, the money will be gone. But then, there is always a possibility of using fake documents to get the license. |
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It would have boosted them as these were good players during their time and educated enough to hold the positions who really understands cricket and knows how to improve the game unlike some who have no business getting to those positions of power and do nothing.
If you look at the governing bodies for other sports, you can see that most of them are being administered by former players (FIFA, FIBA, FIH.etc). However, the case with ICC is different. Out of the 16 presidents and 4 chairmen till date, almost all of them have been businessmen with no link to cricket. The biggest joke was when Sharad Pawar (an Indian politician) became the president of the ICC. Nowadays cricket has become a very rich sport with annual turnover of billions of USD. And unfortunately, this has become a curse as well. |
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Advancements in technologies are rarely welcome in the start. People even made fun of Wright brothers idea that a man can fly. So it's not a new thing if we hear voices that bitcoin will have a short life. Last bitcoin will be mined in 2140 and we don't be here for sure to see that coin getting mined but these posts will be there for people to read and get amused.
I don't know why so many people make the same mistake and post this BS. Mining will not end in 2140 and the "last bitcoin" won't be mined in 2140. Right now, the block reward consists of two parts - mining reward and fee reward. For 2020-24, the block reward stands at BTC6.25 per block and the fee reward can range from BTC0.50 to BTC2.00 depending on the memepool size. The block reward will decrease by half every 4 years and within the next 2-3 decades it will be near zero. After that fee reward will constitute the majority of the mining output, and this will last for as long as BTC exists. |
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More than a half of Bitcoin miners were located in China.n I don't think that Bitcoin ban in Iran will lead to such consequences.
Recently anywhere from 4% to 5% of the mining hashpower was coming from Iran. For the Iranians, Bitcoin was one of the ways to circumvent the sanctions and embargoes. But now it looks as if the mining farms were using too much electricity and the other users were complaining about it. Hopefully, this measure is a temporary one, and as soon as Iran finds a way to convert a part of its surplus petroleum to electricity, these mining farms will be back to operation. It makes sense, doesn't it? They can't sell their crude oil and natural gas as a result of sanctions. Then why can't they use these resources to mine Bitcoin and profit from it? |
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