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August 13, 2022, 05:30:44 PM *
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1  Economy / Economics / Re: The interest in Bitcoin in Turkey on: July 20, 2022, 06:54:23 PM
So BTC wins because fiat money fails? Actually, fiat money shouldn't have failed. It's crazy Erdogan who has failed.
I hope Turks will get a better government in the future.
2  Economy / Economics / Re: Avoid buying land in dispute to avoid wasting of economic resources on: July 20, 2022, 06:37:24 PM
To invest is good but investment in proper sector is important to avoid you headache and to waste yo time and money. You have do your proper investigate that the investment is clear from problem. This season I see investment is going alot in land and buying property and this kind of problem is more in investing in lands. Land investment involve alot of money to not do a better investigation can cause that you can lose more of your income to the problem if you buy from a wrong person that sell another person land to you in pretending to own the land. If this happen you have problem to acquire the land properly and if you have made payment the money will not be given to you again which is you will end up to the court and the court is expensive to take care of on the matter to pay your lawyer. It is better to take the whole time to investigate before you pay for the land.

Requirements To investigate of the land you want to pay is

You go to the land authority of the government to know about the status of the land.

You find the real ownership of the land from the area people or community.

You know the family head to the land



I've sold BTC last year to buy land, and I'm very happy with it. I suggest you improve your English if you want to get into investment consulting.
3  Economy / Economics / Re: {Economy} What is happening in Japan? on: June 21, 2022, 10:32:05 PM
I guess you need to travel to Japan to understand this country which is unlike any other.
The good and bad thing about Japan is that the country has very strong foundations, and that the people are trustworthy.
It's incredibly difficult for African countries, Albania or Russia (before the sanctions) to get a loan from a foreign bank. Banks are afraid they will default, but the bank of Japan can print money without any fear that the society would collapse, or it can borrow whatever money it wants because everybody knows they will pay back. And that has become a real problem, because governments do not care enough about balancing the budget.

Your title is very good, and there's an easy answer: nothing's happening in Japan.
4  Economy / Economics / Re: Do not panic. Everything will get better on: June 18, 2022, 09:45:30 PM
I'm not panicking, actually I'm quite happy a big clean-up is coming.

There are more than a thousand altcoins, let's get real 99% are sh*tcoins.
Celsius failed because it promised abnormal returns on your investment.
Some exchanges allow trading with too much leverage.

Some will die, but I'm confident the market will be much healthier when it recovers.
5  Economy / Economics / Re: Food crisis coming? What's wrong about it? It could be good on: June 04, 2022, 07:11:12 PM
There was more police in the streets, though. Not sure why.
The more I read your posts the more convinced I am that you are underage.
There are there because over the past couple of months there has been a lot of protests around Europe. In France for example after the election last month there were mass protests around the country, they killed a dozen people and it stopped. Same in UK, Germany, Spain, Italy, Slovakia, Ireland, Poland, Belgium, Netherlands, Denmark, Hungary, Romania... These are the ones I could find on the internet and they are mainly about fuel and transport costs and some of them extended to rising food cost.

Very stupid guess about my age, because you could have checked I registered on this board more than 9 years ago... Actually, I think I'm one of the oldest here, but I'm not the subject. I've been through 6 countries of the list you gave, this Spring (yes, I travel a lot), and this is what I've noticed. In one supermarket in France, there was no more pasta, but I went to another one, and everything was normal. In one supermarket in Italy, there was a sign telling not to buy more than 3 bottles of oil. That's about it.

The medias are always over reacting, just like markets, and people get scared, but there's no reason to panic, yet. At least in rich countries.
6  Economy / Economics / Re: Russia's economy is 'imploding' on export decline, economists claim on: June 03, 2022, 11:11:47 PM
More interesting news:
FT: UK to ban insurance for ships carrying Russian oil
The UK and the EU have agreed to a ban on insuring ships carrying Russian oil. It is reported by the Financial Times. Thus, Russia will be deprived of access to the vital insurance market of Lloyd's of London.

This means that Moscow's ability to export crude oil will be severely limited, and Russian suppliers will have to look for an alternative to British insurance in other, smaller markets. The ban on insurance of oil ships has become part of the sixth package of EU sanctions, writes the Financial Times. As the newspaper notes, such a decision will also increase pressure on global oil markets.

Do you know what that means? Smiley

Oil tankers can cause major environmental damages if there's an oil spill. There's only a handful of companies willing to insure oil shipments, and they're British or Swiss. There's always a black market, the islamic state was known to smuggle oil in Syria, but if you want to sell a lot of oil at market price, you've got to do it right, with a registered and properly insured tanker. Serious buyers will require that.
7  Economy / Economics / Re: Food crisis coming? What's wrong about it? It could be good on: June 03, 2022, 10:58:29 PM
I've been eating out at lunch. Guess what, the restaurants were absolutely crowded. We went to an average one, but the one next to it was - I suppose - very famous, as there were people waiting, I mean standing outside, waiting to get a seat to be served. Maybe that's a prelude to a food crisis. People must wait in line to eat, but everybody seemed happy, and I hadn't seen anyone complaining about the prices. One meal is about €25 per person. Prices haven't changed much since last year. There was more police in the streets, though. Not sure why.

Maybe it's different in Africa, or India, but I have yet to see any sign of a crisis in Europe. If there's one, it will be for drivers, as everybody's complaining about the price of gas, but there's still plenty of traffic.
8  Economy / Economics / Re: Russia's economy is 'imploding' on export decline, economists claim on: June 02, 2022, 10:27:28 PM
As always, Putin and his mafiosi will keep on living the good life, but Russian people will suffer more and more. What strikes me the most is the food. What Russians eat is just terrible. All processed food sold in Russia would be just illegal in the EU, made with chemicals, and tasting awful, and if you go to the market in Saint Petersburg, they sell food from EU where you can read that the expiration date was 2 years ago. I'm really happy not to live there, and to be able to afford quality olive oil, and fresh organic food.
9  Economy / Economics / Re: Food crisis coming? What's wrong about it? It could be good on: June 01, 2022, 12:07:53 PM
It's not like telling poor countries they should starve to death, it's telling them they are going to starve to death if they don't change!

That's it. Some years ago, I knew a girl who got pregnant while being a student. That was in a rich western Europe country, welfare services could have done a lot, but she chose to have an abortion, and it was terrible to her, but she just felt unable to raise a child in the small room she was living, with her modest income. In Africa, there are women with no income at all having 5 or 7 kids. That's just irresponsible.

What's shameful is that this food crisis doesn't come from nature. There's one single person fully responsible for it, and that's Putin.
10  Economy / Economics / Re: Russia's economy is 'imploding' on export decline, economists claim on: June 01, 2022, 11:49:48 AM
It's worth adding that somehow, this was easy. What are Russian exports besides oil and gas? There's nothing Russian-made that I'd like to buy. Even Swedish or Polish vodka is better than the Russian one. Russia has a border with China, South Korea, countries which make plenty of desirable products, but Russia hasn't managed to make a single one.

If Russia had chosen to develop its industry instead of relying on raw materials, it would not be in the mess it's in.
11  Economy / Economics / Food crisis coming? What's wrong about it? It could be good on: May 31, 2022, 05:47:31 PM
I've read a few articles explaining that a food crisis is coming, I want to tell you something about it. There will be no food crisis for me.
Price of pasta, price of cooking oil, rice or meat will increase 20%? 30%?

That's all right. I don't care much. I can handle it, just like most people in developed countries. We don't spend much on food, increasing that budget by a third is perfectly fine.

The problem will be with the poor countries, but I wonder: is it a problem, or a solution?

There were 100 millions people living in Africa in 1900. Now, there are over 1,500 millions people there. I know that some people live a in a fantasy world thinking that there will be food, jobs, modern housing and all creature comforts for every human, but that won't happen. We live in a finite world, and the population just cannot grow without limit. Number one rule of the world has always been the survival of the fittest...
12  Economy / Economics / Re: Russian Ruble Surpasses Brazil’s Real as Year’s Best-Performing Currency on: May 31, 2022, 04:54:08 PM
It's all fake.

I've checked in Barcelona and Milano. There are currency exchange booths at the airports. They used to buy rubles, but not anymore. You could travel with a suitcase full of cash, if it's rubles, you couldn't do anything with it. Nobody's buying.
13  Economy / Economics / Re: Ukrainians Embrace Bitcoin For Daily Purchases: Report on: March 11, 2022, 12:09:48 AM
3 years ago, I almost bought a house in Ukraine. None of the buyers I've talked to accepted Ukrainian currency as payment, they all wanted US$. I'm not sure they would accept BTC nowadays, but it's possible. When it comes to daily purchases, the use of BTC seems absolutely impossible to me. You can't buy anything with it, but Ukraine still has some 3 cents banknotes.
14  Bitcoin / Bitcoin Discussion / Re: Russia cut off from Swift is fantastic opportunity for bitcoin on: March 10, 2022, 11:57:31 PM
I hope I'm wrong, but this may bring a sad ending, as president Biden is asking for more regulations on cryptos as they may be a way to evade sanctions:

https://www.bloomberg.com/news/articles/2022-03-07/biden-to-sign-crypto-order-as-industry-faces-sanctions-pressure
15  Bitcoin / Bitcoin Discussion / Re: Russia cut off from Swift is fantastic opportunity for bitcoin on: March 08, 2022, 04:29:00 PM
I've learned that Paypal also has stopped its services in Russia. I believe it's voluntary, Paypal isn't related to Swift, but it just add to the pressure against Russia.

Nowadays, there's just no choice. It's BTC or nothing for a Russian who wants to trade with a foreigner.
16  Bitcoin / Bitcoin Discussion / Re: Why bitcoin is going up during war? on: March 03, 2022, 11:38:51 PM
Hasn't anyone noticed that the price of wheat or oil are going up, too?
Almost all prices are going up during a war.
17  Bitcoin / Bitcoin Discussion / Re: Russia cut off from Swift is fantastic opportunity for bitcoin on: March 03, 2022, 11:35:42 PM
Regarding Binance and other exchanges, actually, they're just following the law. Russian customers will no longer be able buy cryptos via a bank transfer from Russia, nor a credit card from a Russian bank. The Swift cut-off is about banks, not cryptos...
18  Bitcoin / Bitcoin Discussion / Re: Swiss City of Lugano to Make Bitcoin Legal Tender on: March 03, 2022, 11:29:45 PM
https://www.reuters.com/article/us-swiss-rail-bitcoin-idUSKCN12S1KR

Switzerland rail company allow to buy bitcoin from their vending machine... since 2016!
it's like 1000 bitcoin atm on the same country, the biggest number we have seen so far.
They are a pretty famous as crypto friendly country and Lugano city has just made another step on a mass adoption. Well done Wink Let's see the next step!

A very bad deal, actually. Fee is outrageous. It may be 20% if my memories are correct.

Back to the subject, I'm not sure it's possible, because Lugano is only a city. Zug is different, because it's a canton (a bit like a county in the US).
19  Bitcoin / Bitcoin Discussion / Re: Russia cut off from Swift is fantastic opportunity for bitcoin on: March 03, 2022, 01:47:30 AM
I hadn't seen this:

Quote
I'm asking all major crypto exchanges to block addresses of Russian users.

It's crucial to freeze not only the addresses linked to Russian and Belarusian politicians, but also to sabotage ordinary users.

It's from the Vice Prime Minister of Ukraine and Minister of Digital Transformation of Ukraine.
Source:

https://twitter.com/FedorovMykhailo/status/1497922588491792386

Of course, the Ukrainians don't want that. Somehow, I understand them, but what they're asking is impossible.
20  Bitcoin / Bitcoin Discussion / Re: Russia cut off from Swift is fantastic opportunity for bitcoin on: March 02, 2022, 02:56:16 PM
News:

Experts reject concerns Russia will use crypto to bypass sanctions: ‘Totally unfounded’

Actually, I never thought of the state. Germany buys natural gas from Russia, and Germany certainly won't use BTC to pay Russia. I meant BTC is a huge opportunity to bypass sanction for Russian individuals. Big business is another matter.
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