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1201  Economy / Economics / Re: Is COVID-19 an excuse for governments & central banks to print money? on: November 07, 2020, 10:31:46 PM
The printing of fiats notes from the government shouldn't be an issue during the pandemic (as we're still living inside the situation) because they the government are trying to carter for their citizens due to the havoc the COVID-19 caused. Though the government printing more money could cause hyperinflation but believe me that these guys understand the system than we. 
OP must have too much tume reading cinspiracy theories in Reddit. The pandemic is not a cover-up or an excuse fir the government or any entity to take control of the world. That's absurd on so many levels but I appreciate the skepticism. Regardless, the government wouldn't take a tactic that they themselves would be aware would one day go against them, like how this pandemic affected the votes on Trump.
1202  Economy / Gambling discussion / Re: Why most of us are losing money in sports betting? on: November 07, 2020, 09:59:25 PM
Essentially because we bet more than what we are supposed to be. Unlike with other betting ventures, when we bet at a sports event, we are overcome by our emotions as the thrill of the game is right there in our faces, we also are easily swoon over by slight advantages thinking it will persist all throughout the game which disapoints us as well after losing.
1203  Economy / Economics / Re: Why criminals prefer cash (Fiat) on top of crypto? on: November 07, 2020, 09:43:46 PM
Because criminals, mostly, are can we say uneducated in the first place, they're not the kind of criminals we've seen in movies who are highly intelligent. If you think about it, the people who are mostly in the news related to crimes, have problems that result in them being on that side of the road. So being Fiat money as the commonly used fiat money that can be used everywhere, makes for it as the center for attention. Unlike in crypto, where it is undeniably hard to learn, and crypto is uncommon to the general knowledge of the mass.
Aside from those reasons, crypto is not tangible, unlike fiat. For these "Criminals" to know if a person currently has a great amount of crypto in their pocket, assuming that they do research about their target, taking a hold of crypto can be a real hassle for them,
Precisely. Most crimes committed mowaday aren't extensive by any measures of intelligence, so it wouldn't comes as a surprise if these criminals wouldn't even be aware of cryptocurrencies in the first place. Besdies that, we can also assume the reason that they wanted faster transactions in exchange for their own privacy of course.
1204  Economy / Gambling discussion / Re: A gambler living in England makes a $5M bet on Trump on: November 07, 2020, 08:26:48 PM

I've heard last time that Trump will gonna sued biden, am I right? so I think yes, biden will win this year presidency, trump will not be like that if the knew he can win this time, that gambler make 5M on losing side. he should know the current review of Americans first before Making that, maybe he is also a businessman and if trump will be elected again, it is very beneficial to him and his businesses that's why he has a high hopes to trump. Maybe yes he has some inside connections as well but trump will lose to biden now.

Donald Trump is now a laughing stock on talk shows, it seems Donald Trump is overconfident that the team is not prepared to leave the White House and talking nonsense, Biden will eventually become the winner, and whether Trump likes it or not he should bid the White House, I hope the guy can also say goodbye with no hard feeling to his $5 million


Losing Isn’t Easy, Especially for Donald Trump

President Donald Trump files lawsuits and undermines the election claiming every kind of fraud imaginable.
That's what he does all the time when the odds don't work in his favor. The guy is as predictablw as his election results. That being said, glad that he's losing but not so happy that Biden's winning. It's like you're being forced to choose between crap and piss. And you're stuck with choosing who's much better than the two.
1205  Economy / Economics / Re: Second lockdown in Europe can their economy survive this?. on: November 05, 2020, 09:36:59 PM
Maybe countries like France and Germany can survive the second lockdown, although not without consequences, but many other European countries that wouldn't be possible, their economies just wouldn't survive. Even from the help from European recovery and resilience funds that wouldn't be feasible anymore. That is why they are trying to balance between pandemic and keeping business and everyday running. We'll see for how long they will manage to do that.
Exactly, recession is at hand for some of the European countries in the list, it would be great if other countries can help them but with the current state of the whole world, this will very be unlikely. Worst case scenario will be their succumbing to either the dollar or the Chinese Yuan, as their currency will slowly depreciate in value, this along with the increased volume of immigrants will be the downfall of many countries, not just strictly inclusive to European ones.
1206  Economy / Economics / Re: Real estate vs. Bitcoin on: November 05, 2020, 08:40:00 PM
If I had a choice to invest in bitcoins or real estate, then most likely I would choose real estate. It is much more stable than Bitcoin or any other cryptocurrency. Real estate retains its value for many years, unlike cryptocurrency, which can change its course several times per hour. Yes, real estate is not as easy to sell as bitcoin, but if you have nowhere to rush, then this is an ideal investment option.

For long term ye it's real state that will surely grant you a high value in returned but in terms of opportunities both short and long term bitcoin can deliver if you knows how to work with it, the demands is already rising and with more people to recognize this system you'll never know what would be the value after another 10 years.
Real Estate is definitely a great pool to invest in. If you don't have hundred thousands, if not millions of dollars however, you'd not find much success in this venture as it requires the investor to pool in a lot of money to buy off properties and have them either be sold at a bigger price, or be rented. Bitcoin however, is much more budget-friendly but is not that reliable in terms of profitability because of bitcoin's high volatility rate.
1207  Economy / Economics / Re: Not enough Corona Virus Vaccine until 2024, at earliest on: November 05, 2020, 08:08:26 PM
I think this business with vaccine for covid 19 because almost one year after covid first time announce in Wuhan still not get vaccine and how world healthy organization working could get vaccine how to stop this virus, will the world are playing many drama to make us afraid with this virus. How many institution make covid 19 as their business like make vaccine and give wrong data for many people without get covid but claim have positive covid 19. I think many drama are playing every time with foundation to get donation and looks not serious how to stop this covid, need two or three years to stop this virus or gone by self without create vaccine any more.
To be fair, the virus is completely new and since then, researchers have been painstakingly working in order to get a viable virus vaccine. And until then, you can't just outright give it to the public because you'll be risking possible side-effects that slipped off of clinical trials.
1208  Economy / Gambling discussion / Re: Are there any truly safe bets in sports betting? on: November 05, 2020, 07:37:10 PM
I've read some strats that will help increase the odds of you winning regardless of whose team you are betting on. But essentially, there's no way you can predict the odds on a sporting bet. especially if it's going to be a multiple contestants game like horse race unless if the game is unfairly tipped over to one contender. But again, essentially, there is no safe bets in sports betting.
1209  Bitcoin / Bitcoin Discussion / Re: Will Turnoff Happen to Bitcoin on: November 04, 2020, 11:12:14 PM
I don't think lagging will be a huge impediment in the progress of bitcoin. Sure, the lightning network will become a very revolutionary assistance in the coming of bitcoin to the public, but I believe that bitcoin is still faring well compared to what it was, it definitely became busier, but at least we got more people investing on it.
1210  Economy / Economics / Re: The pandemic did push the world towards a more digital age. on: November 04, 2020, 10:18:58 PM
Considering how the pandemic and the general quarantine in many countries affected the national economies, as well as the stock market, we can say with confidence that the current situation did not badly affect the cryptocurrency market, since there are many investors, as well as ordinary people, in order to preserve their savings or their capital, invested their funds in alternative assets, which are primarily Bitcoin and Ethereum, as well as other cryptocurrency ratings. According to statistics, it is the period of the pandemic that is the largest period of migration of institutional capital to the cryptocurrency market. This is also a positive fact.
Exactly, and of course, because cryptocurrencies are directly independent from the outside market, this means that no cryptocurrencies are directly affected by the stock decline. Nonetheless, I don't really see any major changes when we come to consider the prices of major coins in the market like bitcoin. Sure, the consumers have indeed switched to digital platforms, but how many of them considered investing in crypto?
1211  Economy / Economics / Re: Cryptocurrency Adoption: A Breakthrough? on: November 04, 2020, 09:36:11 PM
Thing here is, if we force bitcoin adoption, it will ultimately whittle down the coins price because of the endless cash-in and cash-out that the people will do once the coin becomes adopted by the public. This means bad news for the people who are here to invest on bitcoin, especially those who have already spent thousands of dollars and are expecting a gain from it.
1212  Economy / Gambling discussion / Re: Lost more in the process to recover ? on: November 04, 2020, 09:01:43 PM
You are right on what you've said, you need to bet what you are afford to lose, but the thing is we should move forward after this failures, because if we don't, it will only make us frustrated and will keep up on regretting. I remember last time I lost 3eth I think in trading, it hurts yes  but we need to move on, and make it grow again so that we can play or trade again in good shape with healthy mindset.
The technique is very simple, be professional on what you do because if you get too emotional, that will add more risk on you as a gambler and when you don't think right, most likely you will lose, and not only that, you will lose more than you can afford to lose.
emotions in gambling is worth having but the Good side and not the Sad part because this will bring you losses since decisions may take sideways.
Quote
why? because you didn't follow the game plan, instead, you let your emotion dictates you.
And there is many gamblers specially newbies in which fell on this situation when they are longing for their games with eagerness and Heavy heart.
So this wont help us at all,stop doing such.
This all comes down to having self-control. The best gambler knows when to gamble more and when to stop. Truth be told, these gambling sites are happy to see you losing, so they definitely won't help you and may even go against your odds sometimes. So might as well take the initiative of learning how to control yourself and basing things on logic instead of emotions.
1213  Economy / Economics / Re: PayPal to allow cryptocurrency buying, selling and shopping on its network on: November 03, 2020, 11:00:19 PM
You paid 9$ to send BTC somewhere (or receive it), using the BTC blockchain.

When you buy BTC on Paypal you're not really buying BTC, you're buying an IOU (I owe you), an abstraction. Nothing happens on the blockchain, so there is no fee related to a blockchain transaction.

It's the same on an exchange, to be honest, the fees you pay when buying BTC on an exchange are trading fees to pay for the service, once again nothing happens on the blockchain. However on an exchange you can then transfer BTC to your wallet, and then, you pay another fee, which this time is a fee to confirm the transaction on the blockchain.


Well... if this is the case, then I have a feeling that a lot of small-scale users may prefer using PayPal in their cryptocurrency dealings. Obviously those who value their privacy are never going to use it. But for those who already have a PayPal account and deals with very small amounts of crypto, PayPal looks OK. Anyway, in the end it comes to the user preference.
I'll try it out myself. Honestly the NO Transaction Fee feature of Paypal kinda got me hooked in it. I don't really mind me sharing a bit of my identity as it also helps when hacking happens which if it happened to other digital trading platforms, would have me assumed that I already lost the money for good. So the trade-off is there.
1214  Economy / Economics / Re: Food prices doubled this year on: November 03, 2020, 10:25:04 PM
Unfortunately 2020 will go down in the history books as a very volatile and crazy year, the sooner we see the back of it - the better. It is inevitable that richer countries will be able to buy up products, because farmers and producers are always looking for the best prices. Consumers in countries like Romania will suffer in the short term, but the businesses that produce stuff in your country and pay taxes to your country will be making higher profits. It's easy to blame it on the EU, but the real reasons will stem from your local government politicians.
It inarguably is. Health plummeted when Hygiene care increased. Besides that, the economy also took a weird turn. Especially in the Philippines. Instead of getting a very high inflation rate from the countless loans the Government took, they actually fared fine and the Philippine Peso's value even increased compared to the USD from P54=$1, to P48=$1. Though it's obvious why it happened, and it is expected that the massive blows on the Philippine economy will be felt as soon as the larger countries recover.
1215  Economy / Gambling discussion / Re: Suggest the best strategy on: November 03, 2020, 09:24:40 PM
For some time now I have been betting casual online, with not too good a result. For Q4 2020, I want to do it more seriously. But I still have not decided on the best strategy to implement.

Kindly suggest what works for you.

Here are some options I am considering:
1. Small Odds, Same Amount
Betting like few dollars every day on well-selected small odds, like 1.25 to 1.55 for a month before the end of 2020

2. Small Odds, Gradually Increasing Amounts
Betting on less than 2 odds daily, 4 to 5 days per week with a new amount each new week.

3. Small Odds Rollover
Betting on 1.3 to 1.5 at 3 to 5 days rollover.

4. Weekends Only
Targeting a 3 to 5 odds on each weekend and stake something reasonable on it.

5. Single And Double On Big Odds
Selecting bigger odds and betting on singles and doubles.

6. Paid Group
Or simply subscribe to a betting group and play their games strictly.
Meditate after every winning and losses. This may sound funny at first, but people get heated up when they get their bet results. Most especially when losing. Instead of containing your losses, you bet more, which will then put you at more risk of losing rather than winning. So might as well meditate, or have some self-control and then incorporate one of the strategies that you think best suits you here.
1216  Bitcoin / Bitcoin Discussion / Re: Spend or HODL Bitcoin during COVID-19? on: November 03, 2020, 08:33:19 PM
On the long run, given the peculiar characteristics of bitcoin (scarcity, censorship-resistance, network effect, adoption etc.) I was always convinced that it could have been valuable over time. It is a form of hard money that needs to be the last thing you spend.
By the way, do you know why central banks hold gold? Because it is a status, the more they have the more trust the get from markets. Unloading it would mean something is going bad: the same principle applies to bitcoin. I have a very tiny amount available for spending and every time I use it, I replenish it (buying more).
But then again, we have some investors here that have bitcoins as their last resort or worse, they haven't diversified their portfolios yet. This would mean that they got no other choice but to cash out their bitcoins or die of starvation or COVID-19. Pretty sure the outside economy will recover and they will be able to regain their losses, but lives cannot be reanimated once gone.
1217  Economy / Economics / Re: PayPal to allow cryptocurrency buying, selling and shopping on its network on: November 01, 2020, 11:15:49 PM
PayPal is very difficult to elucidate a part of the transaction fee. it's not known exactly what proportion PayPal will charge for the transaction. the opposite cryptocurrencies to be added to PayPal services after Bitcoin are Ethereum, Lightcoin and Bitcoin Cash. All are often stored directly in PayPal Digital Wallet. PayPal added that as a part of this service PayPal will provide educational materials to account holders to assist customers to understand the cryptocurrency ecosystem. PayPal will convert cryptocurrency into national currency for the utilization of virtual coins. companies that receive paid money will receive the proper amount of pounds or dollars rather than virtual coins the report said.
Or they could do something about it that is both revolutionary and exciting. We all know Paypal's founder Elon Musk is a visionary when it comes to bitcoin and cryotocurrency and has gone public to show his upoort on its technology, it wouldn't surprise me if they would make a universal transaction fee scheme that would help people save more with buying crypto and would altogether entice more investors to buy there instead of the sites we all know and loved. And if this happens you bet your buck that I'll be buying cryotocurrencies there moving forward.
1218  Economy / Economics / Re: Will the Digital Yuan makes China even more powerful? on: November 01, 2020, 10:39:50 PM
It'll increase their control over their own citizens and economy so I guess in theory they'll be making more money. Internationally I can't see many nations or investors wanting to adopt something that remains under full Chinese control at all times. A flick of a switch and off your money goes.
True. The power they will gain from integrating this cryptocurrency is bound only tp their citizens. No way they can penetrate the international market especially when we consider the fact that these are regulated and otherwise centralized cryotocurrencies which is much worse than bitcoin in it of itself. So no, this may make them more powerful internally but not internationally
1219  Economy / Economics / Re: Why has crypto failed to break through still? on: November 01, 2020, 10:09:23 PM
Your expectations are slightly too high, deliver the goods before you make the demands for progress.    BTC still has a way to go in being more accessible and the most key factor to advancing in an economy is efficiency.   Lately the transaction fees I see seem to say we arent ready, its not outside factors so much as this network has to do better in its capabilities.
    Obviously crypto is unique in comparison to FIAT which can easily move vast amounts in a centralised way, there is a higher burden to this system but still I think improvements can be made and it will correlate to this break through anticipated.   The world definitely wants alternatives to endless political interference.
Exactly. A lot of people think it's just going to be easy to replace fiat because bitcoins are more valuable than a dollar now not thinking that we're still using the dollar as a standard of how valuable it is which is literally a fiat currency. It's gonna take a really long time for people to adopt bitciin or any cryptocurrency for that matter ebcause they are mainly meant for investing. And those stablecoins which have good hopes of being adopted are really low in value to even go on par with fiat.
1220  Economy / Gambling discussion / Re: Online Gambling could be used to pay for covid problems on: November 01, 2020, 09:32:56 PM
For gamblers, this is totally uncalled for but then one can't really blame the government. They've been hit hard by the pandemic having to set up isolation centers patients of the virus and relief centers for other citizens and one should note that it is also at this time that several offline businesses had to close down which means the government wasn't really get money from them in form of taxes and then a new source had to be looked for. Placing those regulations on online gambling is actually a way to rake in revenues for the government.
However, coming from the point of view of a gambler, it's totally uncalled for and should be scraped. It means I'll have to be charged unnecessarily, I'll probably have to pay higher withdrawal fee and this is not good for me.
Industryies that cash in money this big like gambling are indeed accountable to help the government in crises like this. But we all gotta remember that the government should partake in the helping as well. Take. For example Philippines, where they loaned billions of dollars as COVID-contingency funds and even started taxing online selling, yet they got the highest amount of cases all over SEA because of poor management. I'm not saying that good financial management is all it takes, but it is an integral part in helping a country rise from shambles.
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