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1561  Economy / Economics / Re: China will rule world as economy king after crisis end? on: June 28, 2020, 05:50:52 AM
The whole scenario can be changed due to this pandemic outbreaks. The world order can be changed for this because many countries already getting down for the Lockdown and China seems recover it and their market value is getting bigger than before. So its indicate something for the future to rule the world as a super power.

China already have a huge economic growth even if Covid-19 doesn't exists. They are the number 1 manufacturer of some goods or products and their economy is really stable and growing because of that. Now, that we are experiencing this pandemic, they are still the number 1 manufacturer of face masks, gloves, alcohol, and other products that is essential to fight this virus. Although, the virus originated from their country, they are controlling it effectively and the number of cases their is not that huge enough to destroy their economy right now. They properly minimize the virus and some of the countries which are affected by this virus are those who are really struggling economically as of now.
1562  Bitcoin / Bitcoin Discussion / Re: How does Bitcoin work? on: June 28, 2020, 05:10:42 AM
Bitcoin is also used for transferring money. Bitcoin transaction fees are smaller than fees for transactions made by banks. Moreover, Bitcoin is operating 24/7, it doesn’t care where and to whom you send money.

Bitcoin is not only used for transferring money. There are something more about the use of this cryptocurrency in the market. We all know that bitcoin is the most popular and highest price cryptocurrency in the market as of now, there are people who are investing in this coins tom make this as their asset.

This bitcoin can really give you huge profit due to its volatility in the market. You should always monitor its price just by observing the market movement, by that you will not have a hard time manipulating your asset. I know that it is not that easy to hold bitcoin, but it depends on your self if you are disciplined enough and make a transaction depending on your decision making. Bitcoin is not that hard to manipulate, you just need patience to earn profit from it.
1563  Economy / Economics / Re: Is the economy supposed to be a political tools? on: June 27, 2020, 03:43:14 PM
i think so, this economic condition just to be political tools

It is just because government are really rooting for a full control of the people, that's why they are taking advantage of this pandemic. I know that it is hard for us to survive this pandemic but the government should help us properly and give reasonable support to sustain our lives during this pandemic, especially those people who are really in need. Politics should not be the focused right now by the government, they should prioritize humanity because if you help people during this pandemic. They will take this opportunity to give thanks to you and earn their trust especially that people are the one who are voting those political positions during elections. As the governments are doing their best to help the economy recover, they should also help the community.
1564  Bitcoin / Bitcoin Discussion / Re: Why people are happy only when the price goes up? on: June 27, 2020, 03:13:36 PM
they will be satisfied if the coins they hold for a long time can be sold when the price rises, therefore an increase in market prices is certainly very much awaited by people who hold bitcoin for a long time, and vice versa those who want to invest in bitcoin certainly expect its value to move down to its lowest point in order to be able to get bitcoin in quite large amounts

Satisfaction towards the price of bitcoin is always there once they earn profit from the increase in bitcoin's price. But if it is not moving in the market and the price is still in a downward level then, it means that you are experiencing losses and most of the investors are afraid when that happens.

But bitcoin is bitcoin, it is really volatile in the market and no one stop bitcoin from changing its price depending on the season.

If investors are trusting bitcoin so much, he should be happy once the bitcoin goes up because it is really worth it for a huge investors to have enough or more profit during peak season of bitcoin.
1565  Economy / Services / Re: [OPEN] Kucoin Futures Signature Campaign | Full Member+ | Up to 0.005 BTC/week on: June 27, 2020, 04:10:37 AM
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1566  Other / Off-topic / Re: 2020 one of the most negative year in my life ... on: June 26, 2020, 07:45:31 AM
We are living in the same planet, and as you experience hard ships in life, don't forget that there are people who are struggling worse than you. You just need to keep on track so that you will not have a hard time to overcome those trials. It is normal to rest or give up, but make sure that you will recover from that downfall and continue again once you're ready.

Life is not a race, you should not rush it.

Just take it slowly and step by step progress will do. If your problem is in terms of your money or asset, always remember that progress is still a progress. Don't give in making transactions and never think of negative vibes that can affect the way you live your life. Especially that you are the one who are responsible with yourself. Be OPTIMISTIC!
1567  Bitcoin / Bitcoin Discussion / Re: Australia post office now accepts Bitcoin on: June 26, 2020, 07:11:58 AM
I must say Australia is very friendly on Cryptocurrency!
On 4th May VeChain and Mastercard are among the heavy hitters backing the new APAC Provenance Council, focused on Australia's 76$ billion of exports to China. And now they welcoming BTC; it’s really a great sign!

Another bitcoin adoption! It is more likely that other countries will also adopt this concept that they will accept bitcoin in their post office for a much faster and efficient transaction. Especially that there are lot of country right now who are engaging in the use of bitcoin as our technology is continuously advancing.

Let's just wait for a more adoption of bitcoin not only in this post office, but also as a mode of payment in any transaction no matter how big or small a transaction is. I read some news about another adoption of bitcoin which is the expanding of bitcoin ATM globally. Let's support and help the promotion even in a simple way.
1568  Economy / Economics / Re: High prices mean even higher volatility on: June 25, 2020, 12:29:24 PM
If bitcoin price is high. Thats good lot of profit we will gain. Bitcoin is volatile we wont pridect if the price will go up or down. Bitcoin is the numver one interms of digital currency its value will increase and increase if it is more people used it

It still depends, high prices can still increase and it depends on you if you will settle with that certain price or you will risks the chance of getting much higher price. That's how volatility of bitcoin works, it is not that certain on when we will sell our bitcoin especially that it can occur some changes in its price. That's why as soon as possible we need to always check the price of bitcoin in the market and check for those possible factors that can trigger its volatility. Sometimes we need to become more conscious about our assets so that we can manipulate it properly and earn more profits than losses. There are a lot of economic factors that can contribute to the changes in the price of bitcoin from time to time.
1569  Bitcoin / Bitcoin Discussion / Re: COVID-19 a reason for Bitcoin adoption? on: June 25, 2020, 11:58:18 AM
Since we are still new to the current normal and with this pandemic in our hands, it's quite realistic to see and understand that it's the time to leave physical money behind. That's the critical part of the proposed contactless payments and anything related to that. So I voted in the poll, realistic since it's the ideal time to do this and shift everything into digital. We have the technology already, and we just have to implement it.

You can't eliminate the use of physical money easily, especially that not all of the people can afford smartphones, computers, and etc., to access digital currencies. There are a lot of people who are still unable to use digital money due to ignorance about the use of technology. I voted YES, because this is a big opportunity to use bitcoin in many transactions.

Hopefully, more businesses should allow and accept bitcoin as a mode of payment. In reality, it is really hard to achieve mass adoption as there are still people who are not that trusting bitcoin and still they see it as a risky investment which is true. All of the types of investments are risky, and it depends on the investor on how he will cope with that.
1570  Economy / Services / Re: Roobet.com | YouTube Review Video | Earn $50! - Ends June 30th on: June 24, 2020, 12:42:09 PM
Here is my entry! Thank you so much!

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1571  Economy / Economics / Re: What if this pandemic persists till the end of the year? on: June 24, 2020, 12:30:25 PM
The same as what we're experiencing today. But all of these are temporary because we'll be going back to normal as soon as possible whenever we've got to see the vaccine. It will end all of these bad things that are happening to us.

That's a very optimistic views out there. Yes, it is just only temporary and everything will go back to normal soon. We can get through this, after the vaccine is created, all sectors will be operate normally. We just need to help ourselves survive this pandemic and help each other as possibly as we can. This pandemic will end soon, claim it!

The adjustment has to be made so that it can ensure everyone's safety but the recoil of it to the economy is huge. There will be a slowmo recovery as for the economy because most countries are starting to allow businesses to get back again to their operations.

We really need to become used to it, we need to experience this kind of struggle for us to know the value of life and our money. This is a good lesson for us to value our lives than our money, it is easy to earn money than become healthy. We can only live once! We all know that our economy is in struggle right now, but we need also to help it grow just by paying properly and reasonable taxes so that our economy will soon recover from this downfall. Hopefully this businesses can really contribute to the recovery of our economy.
1572  Bitcoin / Bitcoin Discussion / Re: Is it possibleTrump Will Prohibit Bitcoin? on: June 24, 2020, 11:35:37 AM
He could prohibit,  but he cant prevent people from making transactions.

Additionally,  I doubt governments can win a battle against technology advances. It is better to work with new techs, which will.increase governments revenue and create new jobs.

Yes, that pretty accurate. He can stop the movement of bitcoin as there are a lot of transactions that are happening in the market. We all know that Trump hates everything, he don't want to mind his own business. There are a lot of issues that he should focus on, just like this pandemic and probably if he prohibit bitcoin, that's the time that their economy will become much worse. Governments should rely on the advancement of technology because that will help their country and economy to improve. Trump should think twice before doing that, he should make a way on the promotion of bitcoin instead of prohibiting it because that is a huge advantage for them if he make people do transactions freely.
1573  Economy / Economics / Re: How in the world we going to restart the world economy ? on: June 23, 2020, 08:20:49 AM
How in the world we going to restart the world economy ?

Let's let the dollars circulate  Smiley
https://www.youtube.com/watch?v=HvNlkW_sNcM

I want to start my message by making a correction like this: "The world economy is not forming again, it is officially collapsing."
Yes, I evaluate this situation as follows because the economies of all world countries continue to shrink and the people of the world are getting poorer with this difficult process we are going through. If we think that the effects of this pandemic and economic crisis that we are going through will continue for a very long time, I think that the world economy will not be able to recover again soon and that much more difficult economic conditions are waiting for us. In addition, there is a fact that all the solutions produced to spend this difficult process in the short term will unfortunately cause serious damage in the long term.

Most of the countries right now are really suffering from economic crisis brought by this pandemic. The government should prioritize both health sector and manufacturing sector so that we can somehow slowly recover from all of the expenses that was spent by the government to fight this virus, like PPEs and other health equipments. I know that taxes will extremely increase and some of the people are unable to go to work due to the risk of this Covid-19. It is hard to recover from this downfall right now because the number of cases is continuously increasing than decreasing. World economy will surely recover soon but it will take a lot of time and effort before we achieve that. Economic crisis is not an easy issue to handle as it can affect a lot of sectors of the government. I believe that governments will think of an effective solution to overcome this struggle and the people should cooperate in making the economy grow once again.
1574  Bitcoin / Bitcoin Discussion / Re: Miners are holding, small miners are out, supply declines, what next? on: June 23, 2020, 06:21:37 AM
Did you hear about those miners who are quitting mining bitcoin but instead invest to it? When halving occurred, miners are unable to get huge rewards that's why they think that quitting may come to their choices. Small miners are the most prone to bitcoin's price drop here. Once they experience losses, this will really cause a big problem to the bitcoin mining company.

I'm pretty sure that operating bitcoin mining companies will really become more expensive than earning it. But once we believe in the value of bitcoin, i'm pretty sure that better days will come to it. As halving occurs, supply will be minimize but there will be an increase in demand in the near future. If that happens, there will surely a huge spike in its price in the market.
1575  Economy / Economics / Re: Lives vs Economy -- sad truth on: June 22, 2020, 12:52:22 PM
The sad truth is that some of them are not getting attention from the hospitals, why? because they prioritize a person based on its age, why? because it would be more worthy if you save a productive person over an old and weak person.
Is this your assumption, or you have proof?

The common reason why a person rejected from healthcare service (in bad healthcare system countries) is that he cannot pay or the hospital is terrible (cannot deal with Covid).

Not all of us can afford the hospital bills once we're admitted to a certain hospital due to Covid-19 because some of us doesn't have any work during this pandemic. Most people who got rejected in the hospitals are poor people, those who can't afford to get medical attention.

In reality, poor families are the most prone to this pandemic, they can't even sustain their needs during this lockdown and they are only relying on the financial assistance provided by the government. It doesn't mean that if you are a good worker, you are the priority of the hospital, it is not like that.

The only thing that still matters is money, if you don't have money, you will have a hard time to survive this Covid-19 pandemic.
1576  Bitcoin / Bitcoin Discussion / Re: Bitcoin is another type of fiat money according to the New York Fed on: June 22, 2020, 08:53:10 AM
If that is how they define fiat, skewed or not, self-serving or not, it's up to them. They may classify Bitcoin as another fiat, then. What do we expect from no less than the Fed? As a matter of fact, that is already a considerably generous definition coming from them.

What they cannot deny, however, are the features of this another fiat which is obviously a world much better than the old fiat they are hopelessly defending tooth and nail.  

At the very least, this new fiat is not something imposed on the people. Whether this new fiat succeeds or not would simply be out of sheer freedom. The abhorrent old fiat, its system, rules, and regulations are forced upon a populace which doesn't have much choice.


That's a good point! We have different perspective when it comes to bitcoin's value. If you think that it is another type of fiat then so be it. But you should know the difference of a digital currency to fiat currency. Their value is really just like the same because of the exchange but they have different platforms where they are mostly used.

Fiat currency are more active in a physical transaction where people use a paper money to pay for his expenses. While, bitcoin is a digital currency that you can use with the presence of gadgets and technology. They have different features that make them valuable in our economy. It is your free-will on what will you choose as a currency but never compare bitcoin into fiat.
1577  Economy / Economics / Re: What brings economy of a country down. on: June 21, 2020, 01:39:45 PM
Actually the market tensions also play a major role in determining the Countries economy to  certain extent. Take the example of India vs China border tension going on now, there will be a lot of spending if both the countries go to war and then the government would have to pump more money by printing more of it thus inflation will also be there and then there won't be much business due to the increasing number of COVID cases, thus bringing the economy down even more.

For me, this pandemic really affected our economy and it can lasts upto 3 to 5 years to full recover. This quarantine makes those small and large businesses to be closed, they aren't allowed to operate that's why they can't earn profits that they are expecting. They only spend their money to their necessities as this quarantine is still active.

Business owners is having a hard time to retrieve the budget that are allocated to all of their expenses. If this Covid-19 is active until next year 2021, some countries will really have a hard time to control their budget for its community due to huge damage in economy.

Governments should think of a feasible and effective solution that they can use to help their economy grow.
1578  Bitcoin / Bitcoin Discussion / Re: Another bitcoin scams hit Canada on: June 21, 2020, 01:06:34 PM
Scammers are really flexible and they can attack each and every country that they want to target. Unfortunately, in this news, they attacked Canada using fake bitcoin investments and victims are really not aware about scammers. Everyone of us should be aware and become more careful the next time that we encounter that circumstances.

Never trust easily as people nowadays can betray you, a simple information about yourself makes them access your accounts.You need to give importance about your assets.

Canadian authority should become more alerted so that they will focus on keeping the safety of all cryptocurrency users, especially those who use bitcoin in their investments. It is not safe nowadays and you need to improve your account's security.
1579  Economy / Trading Discussion / Re: Trading guides,books,articles whatever on: June 20, 2020, 03:20:12 PM
I would recommend Mike Maloney's videos from Youtube . He talks especially more about global economy and gold . But he also talks about future of cryptocurrencies

I visited Mike Malonet's videos on Youtube and I found it very informative. I gained a lot of knowledge which I can use in trading, he explained a lot of aspects that you need to consider before you start engaging in trading. The importance of Global Economy and other assets are included on the video.

It feels like he really want mass adoption of cryptocurrency to develop more as we are approaching in a more advancement of technology.

His approach towards the definition of crypto is really precise and accurate as I see that bitcoin is the best cryptocurrency that I'm rooting for. It is not that hard to understand his explanations, and if you really want to learn more in trading and become enlightened, you should visit his Youtube account.
1580  Bitcoin / Bitcoin Discussion / Re: Buying food or groceries with Bitcoin on: June 20, 2020, 02:37:07 PM
I don't think that grocery markets accepting Bitcoin will be so popular in the future. It's a cool startup idea and can improve crypto adoption, but it isn't very convenient for retailers.

Yeah, that's very futuristic. I think that those markets will only accept fiat because that is a traditional currency that we are using for a long period of time. Bitcoin only existed since 2009 and that's pretty new for some people who are not that technologically inclined. They are not that knowledgeable in using bitcoin and they don't have idea how it works because it is a centralized currency. It is less hassle for some grocery market business to use fiat in any transactions that they are making. YES, this will be a good step on a bitcoin adoption soon but I don't see it feasible during this time. It is a great idea to use digital currency in that point of view, but it is not that necessary and useful right now due to some economic crisis that we are experiencing.
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