Bitcoin Forum
May 06, 2024, 06:38:42 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 [45] 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 ... 136 »
881  Economy / Economics / Re: Why do people stay poor? on: April 19, 2023, 04:03:24 PM
People stay poor because they keep passing over opportunities repeatedly.
That's the true meaning of being poor.
Tell that stupid phrase to the face of someone who is below the poverty line, let's see how you do. If opportunity is the only reason then we wouldn't have any poor people plus, the opportunity you talk about doesn't mean that everyone can get one, take those people in war zones, they will grab the first opportunity that they can get out of there but if no one reaches out the proverbial olive branch then there's no opportunity.
882  Economy / Economics / Re: Al Transforming Job Market on: April 19, 2023, 01:50:22 PM
AI is created in order to make a person's life more comfortable, and it is understood that a person should give tasks, so AI cannot be allowed to replace a person and can act autonomously without his intervention. This is an unexplored area that humanity has approached, everything new is scary, but as far as AI is concerned, these fears are not unfounded, so that it always remains safe for us, we must control it.
You might be thinking that right now but we know that people will get more than they ask for, eventually someone will further the advancement to the point that AI becomes sentient, it might sound silly if not stupid but we know what humanity is capable of, when we put effort and time into something, we usually get astonishing results.
883  Economy / Economics / Re: Why America Can Be The Biggest Economy In The World? on: April 18, 2023, 07:51:29 PM
I think we all know why USA is the biggest economy in the world, that article won't be enough to cover the whole reason why they are what they are right now. If you've been in most conflicts around the world on both sides selling weapons, then it's no-brainer that you're going to have a good economy, not to mention that you have been placing dictators in a lot of countries* to prevent "Communism" when in reality you're just trying to monopolize trade with that country. Another reason is you're the current reserve currency, meaning that you can influence the global market since USD is the pegged currency for countries to trade.

*See link
884  Economy / Economics / Re: Does Banks really manipulates us? on: April 18, 2023, 06:14:56 PM
~

In my personal point of view, one of the biggest challenges of the system we have nowadays in the most of the economies is the fact growth is related to the consume and the ability the population has to continue to consume.
A lot of smart people have warned us of consumerism, Palanhiuk, Carlin, Marx, Huxley, Baudrillard to name a few, that's why I said that we should change the one's at the top, when new people are in charge, the system will adapt to what they mold it into so if you have corrupt neo-oligarch puppet masters behind the scenes, then you would get what they want the world to be but it's a big task and we need lots of intellectuals to do what's necessary.

~
That is why the technology goes so fast and the products become more and more sophisticated each couple of years that pass, the businesses wants us to change our phones, computers, vehicles, etc; for replacements which they promise to be better (and they are) but still both the old model and the new one accomplish the same objectives very well. If the people do not spend, there is no incentive for them to innovate and without innovation, people do not feel attracted to spend. Now they want to introduce the automation and the cut on human personnel to the equation to maximize the profits, sacrificing part of the ability people can to spend.
That's why we need to change the people who runs the system, when change is apparent, the masses will follow soon, idk whether you like it or not but, the masses is a sheep, they will go with the flow. Regarding forced obsoletion, the easiest solution is for someone to step up and make the change. It's difficult to do it with technology though since progress is fast, the current technology needs to adapt really fast.
885  Economy / Economics / Re: Bitcoin Investment: Good Debts vs Bad Debts on: April 17, 2023, 09:09:25 AM
That depends, if you plan to use your bitcoin for trading and you don't have any skills in trading that can help you grow that loan then it's a bad debt but if you do have the skill or the loan isn't that restrictive and doesn't need to be paid anytime soon then it's a good debt, good or bad is just a matter of perspective, I think anyone can agree on that.
886  Economy / Economics / Re: Can I take a loan to invest in bitcoin? on: April 17, 2023, 07:04:32 AM
Life is long and if someone thinks he is good in fooling others there'll be the one who is better in that and who will fool the first one. So it is better even not to start playing that game and if started then to stop. I saw some who started and none of them won from that. Taking a loan not to return it is a bad game and I'd not recommend it to anyone.
Defaulting a loan is a disaster, most got lucky because they don't serve jail time because AFAIK, you can go to a small claims court if your borrower defaulted the loan. I totally agree that it's a follish game to do especially that no one can win. It's alright to borrow money to invest in bitcoin or any type of investment, I mean businesses do it all the time, and it's in billions if not millions but you have to understand that loan is a social contract that you need to fulfill at your end.
887  Economy / Economics / Re: Maybe Not Possible For Governments To Get Off Fiat?? on: April 17, 2023, 06:11:23 AM
In the coming years, it is possible that a new form of fiat currency will emerge, but it is unlikely that it will completely replace existing fiat currencies.
This statement is contradictory in a sense because there won't be an emergence if you don't replace the existing one although I do agree with the part about it being unlikely. The government wouldn't easily replace fiat even if they want to, that would be a nightmare especially for countries like US, they are a reserve currency for many countries so they can't just replace their money easily, that's why they still use cotton in their currency and not polymer.
888  Economy / Economics / Re: Does Banks really manipulates us? on: April 16, 2023, 12:52:06 PM
Capitalism wants consumers. More consumers, who keep consuming more and more. Consumers, who get in debt in order to buy stuff they don't need. More consumption means more profits for the banks and corporations. More loans and more debt for the consumers means more profits for the lenders. This is the matrix we live in. Is it necessarily bad? Maybe. It has pros and cons. The pedestalization of making money and greed is one of the flaws of capitalism, if you ask me. The economy cannot keep growing forever. There are limitations to the economic growth.
The real problem isn't the system, it can easily be fixed but the people behind the curtains that pulls the strings don't want to fix the system and so we are stuck in this dystopian reality of work, eat, sleep cycle while they are making all the decisions for us and how we should live our life. I can agree that economy growth isn't perpetual but if we reach peak sustainability, growth might become perpetual. Don't aim at the institution, aim for the ones that benefits from it the most when it's destroyed and rebuilt.
889  Economy / Trading Discussion / Re: how will it be? on: April 16, 2023, 10:14:11 AM
There are so many investors that is being victim by thier own decision and they have a very big regret in the  next couple of months because of waiting for the dip. Most of us wanted to buy the dip but when the dip came we don't buy because we are afraid that dip may continue, I'll tell you honestly that i was one of this small investors who loss because of not buying and always waiting for a dip, so the best time to buy is now don't wait for a big dip, just don't sell at loss after you buy and you wont be loss.
Heard a lot of these stories from my friends, they've missed out on not just bitcoin but also other alts that definitely have the potential to go up, now they're on a spiral of losses because they're indiscriminately investing in tokens in hopes that one of them is a jackpot and so far, none of them have hit anything but losses. The thing I take away from all of that is that if you want to get into it, never have doubts but at the same time, study if there's a potential.
890  Economy / Trading Discussion / Re: Never Trade on Emotions on: April 16, 2023, 09:16:40 AM
This comes from myself, no I mean this can be overcome with the passage of time when we start trading. That's why we must have basic knowledge about trading first before really entering the real world of trading. How can we control our emotions if we have no knowledge of what we are doing. If we have a friend who has the same activity, it is better to learn from them. Because with the experiences they have that are shared with us, it will be very helpful.
Of course that's already a given, you need to learn the fundamentals before getting into anything, I mean isn't that how everything that we do should start, no one gets in something doing it right the first time. Trading because you've become emotional and you want to take back your losses so quickly without rethinking your approach or strategy is a natural thing, the real skill is keeping that emotion in check and not hinder your next move.
891  Economy / Trading Discussion / Re: Trading Signals vs Own Analysis on: April 15, 2023, 12:22:28 PM
In any case, you cannot blindly follow the signals and at some point you will stop trusting them. But it takes a lot of time, during which you will gain experience and knowledge. And at some point you will realize that you can make decisions on your own, the result of which will be a profit.
That's what I do in past year when I was still a noobie in trading, didn't blindly follow but listened to what they're saying and make a decision based on what I think is appropriate at that time. I don't trade much but when I do, I don't lose that much so my decision to not just rely on signals but instead learn more about the ins and outs of trading has bore a fruit.
892  Economy / Trading Discussion / Re: Too late to start? on: April 15, 2023, 11:13:22 AM
Never too late, as long as there's bitcoin that's mined, there's still time for you. Pretty sure that the price of bitcoin hasn't reached it's absolute peak yet so it's not too late for you. Remember that it's better to start now, guaranteed that you're much better than those that's still having doubts and not jumping right in.
893  Economy / Trading Discussion / Re: Twitter will enable crypto and stock trading via eToro partnership on: April 14, 2023, 05:35:10 AM
Twitter seemingly to be gearing towards being some sort of super app. Very interesting development compared to what eToro did.

eToro: investing/trading app that added a social media aspect
Twitter: a social media app that added investing/trading

Twitter in itself right now is pretty buggy though — not sure if implementing investing/trading is the best move to make right now.
They definitely are but imo, Twitter needs a CEO that doesn't fire people impulsively and then pull them back because he didn't realize that they are integral to the infrastructure. Elon had his time, I think that Twitter should somehow make things a bit more serious so as to make things such as gearing towards super app be feasible.
894  Economy / Trading Discussion / Re: Day trading is perfect work for jobless peoples on: April 14, 2023, 03:38:44 AM
It's perfect work until you start losing a lot of money from it because of consecutive bad decisions to invest in some tokens and then you realize that you don't have anything to fall back into. Not to mention that there's a probability that profit isn't guaranteed everyday and you work more hours so I wouldn't say that it's a perfect work for jobless people.
895  Bitcoin / Bitcoin Discussion / Re: we don't have proper education on bitcoin. on: April 13, 2023, 08:00:14 AM
I think it's the same thing with traditional trading, you don't learn about it in school, you have to seek it out yourself if you want to learn it and I think that it should be that way so the likeliness of people failing in this endeavor is low and at the same time not make a monopoly of full time traders, pretty sure that trading isn't an essential skill in life so I don't think you have to worry about the lack of education that's bitcoin oriented, much better to let the spirit of wonder flourish than give everything in sa silver platter.
896  Economy / Trading Discussion / Re: Is Technical analysis a must know in crypto trading? on: April 13, 2023, 05:28:52 AM
Not important or a must know but it can help you a lot since TA helps you to understand and recognize patterns in the market which can help you make an informed decision on what's the next step in your trading. You can't rely too much on it though as it's not really a foolproof tactic when trading, remember that crypto market is a volatile market and you can't really underestimate that volatility because it will catch you off-guard. All in all, it's up to the individual if they want to learn how to do TA or not.
897  Bitcoin / Bitcoin Discussion / Re: Warren Buffett Blasts Bitcoin as 'Gambling Token' as BTC Surges 35% in 30 Days on: April 13, 2023, 04:27:22 AM
He's talking about bitcoin being a gambling token when it's literally a gamble to do traditional trading, I mean there's really no straightforward strategy when it comes to traditional trading too so I don't see any difference between those two except probably for the volatility of bitcoin which isn't that scary the more you get used to it, my conspiracy theory is that Warren is secretly beting against bitcoin so he's slamming it when things don't go his way.
898  Bitcoin / Bitcoin Discussion / Re: bitcoin is a light on: April 12, 2023, 01:52:32 PM
You are right, there is no point in trying to convince someone to believe in bitcoin, if they feel it is good for them, they will go for it themselves, if it is not beneficial for them, they can just ignore it. Convincing others to invest in bitcoin when they don't like it is no different than trying to scam them. It's the dumbest thing I've ever seen convincing people to invest in bitcoin when they don't like it.
There's a point although we see that as nothing but a hassle to both parties involved. The point of convincing someone is so you can spread the word about the benefits of bitcoin, and even then when you can't convince them to change their stance on bitcoin and otherr related issues, I am sure that somewhere along the way, that person is going to tell their friend about someone who was annoying them about bitcoin and then that friend learns about bitcoin and does some research about it and talks about it. So yeah, there's a point we just don't want to see it.
899  Bitcoin / Bitcoin Discussion / Re: The importance of operating completely anonymous on: April 11, 2023, 03:54:12 AM
Governments are against this approach and if you are planning long term holding, it will be almost impossible to hide these details in a  developed country. Do not get scared because of this, just pay the taxes and live peacefully. Government will get little relaxed with time and reduce the boundations related to crypto.
A bit stupid to think that the government would just let you do your thing just because you're following their guidelines, that's a naive thinking because I know that almost every governing body out there wants to control their population to the point where they can move them to do what they think is best for the state. Regarding anonymity, I don't think that OP understands how the Internet works, there's no such thing as complete anonymity, more like pseudonymity. Maybe you can avoid tracking for awhile but if you plan to stay on this forum, it's going to be a difficult thing to do.
900  Bitcoin / Bitcoin Discussion / Re: Giving out to promote Bitcoin on: April 10, 2023, 05:05:10 AM
Awesome effort, don't think that what you did is a little thing, pretty sure that no effort is too small in terms of promoting bitcoin, you've probably changed the life of those students and you and them don't know it yet. Change is a ripple effect, only gets bigger as it goes down the line.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 [45] 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 ... 136 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!