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With so much inflation in the €-zone, the ECB needs to talk about something else, only to divert the attention.
How about the huge budget deficits most European countries are now facing?
Is it normal if the ECB prints money like there's no tomorrow?
We shall remember the guy who wrote this post was paid to do so. It's his job to defend the €, and to convince people it's a strong currency with a great future (LOL). Meanwhile, I see on this board thousands of folks defending BTC for free.
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10 years from now, we will laugh about how small the blockchain was in 2022...
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The Department of Justice, the Securities and Exchange Commission and the Commodity and Futures Trading Commission are all looking at the case, so I'm pretty optimistic it will be positive for BTC. More regulations are coming to exchanges, and that will be make the crypto world safer for the average guy.
It's all good. Except for Sam Bankman-Fried who should start to feel the heat.
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Mr Bankman-Fried's team spent roughly $300m on holiday homes and property for senior staff. From: https://www.bbc.com/news/business-63720310That is a fraud! To the average guy, BTC has a bad reputation. Sending Sam Bankman-Fried to jail would improve things. It's important that people don't see the crypto world as the wild, wild west, and that there are rules. |
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Everything I've read about the case says there was a fraud, and that there are Americans among the victims. Fortunately, I'm not among them, but I'm expecting the victims to sue. FTX shall be, and must be prosecuted.
Actually, it would be a test for justice versus exchanges. Cryptocurrencies will remain wild, but exchanges must follow regulations.
Many people stated that Sam Bankman-Fried has connections, and that's right, but I've read its victims are Coinbase Ventures, Sequoia Capital, Paradigm, Softbank, pretty big guys. They can afford the best lawyers, and I hope they will. It's not only about recovering their money (chances are poor when it comes to that), but setting a precedent so that exchanges behave in the future. The crypto world expects that. I'm sure BTC would go up 10% in an instant, if Sam Bankman-Fried was jailed.
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My BTC savings have lost much value this month, and I know why. We all know. It's the FTX's debacle. Some say it's doomsday for cryptos, but it isn't. There's nothing wrong with BTC. What's wrong is that one crook has stolen honest people's money to make shady investments.
There's only one solution to restore people's confidence. Put the bad guy in jail for a long, long time.
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This article is 100% BS. Go anywhere in Africa, the Middle East, Turkey, or South America, the US$ is king.
Ask a man selling his used car, anywhere in the world, if he'd prefer to be paid in $, Russian ruble or Chinese yuan. Besides the Swiss, all the world would choose $.
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Good topic. I'm tired of seeing articles telling that the merge was complete and successful.
Question is how many ETH miners will there be in a month. And 6 months from now.
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Lots of pessimists here!
The biggest problem I see around me is a shortage of qualified and experienced workers.
If you're a professional with a good qualification, you don't have a single reason to worry. Salaries are on the rise, too.
If you don't have a good qualification, get one.
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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.
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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. |
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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.
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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.
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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. |
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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?  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. |
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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.
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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.
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