Ninjastic
Search content
Sort by
Showing 20 of 2,467 results by FanatMonet
Post
Topic
Board Bitcoin Discussion
Re: an important reminder: don't get killed in this bull run and protect yourself.
by
FanatMonet
on 02/06/2020, 22:36:40 UTC
It seems that everything is the same as always, and a post from Twitter does not lead to any breakthrough. The person just once again pointed out the shortcomings (or advantages, if you are engaged in trading), cryptocurrencies and everything, nothing new.
Post
Topic
Board Bitcoin Discussion
Re: Leaving Bitcoin as inheritance
by
FanatMonet
on 02/06/2020, 22:34:03 UTC
Quote from: Debonaire217 on Today at 04:21:14 AM
Maybe, you could entrust your security to your friend, for example, ask them to remind your family if you die, that you have a drawer where you store bitcoins, including all the security passwords to your account to make sure that they can access it. I think there's no reason for you to put up a puzzle for them to brute force your accounts just make it easy for them, the only problem you need is how you could make sure that you are the only person who can access your drawer, and to make sure it is secured. All you just need is a piece of paper, hide it in the safest place possible.
As far as I understand, a person initially does not want to trust his money to anyone, friend or family. He wants them to be able, even theoretically, to receive money only after his death, and not earlier. And here big problems are possible, because let's say that a person does not trust anyone, although, I would probably suggest then, a bank cell.
Post
Topic
Board Economics
Re: The End of "USD" as the World's Reserve Currency
by
FanatMonet
on 26/05/2020, 22:12:05 UTC
Maybe I will surprise you, but if the United States slides into a recession, then the rest of the world will be there. Since the dollar is the main world currency, and in the event of any fluctuations with it, these problems quickly move to the rest of the world.
Post
Topic
Board Economics
Re: If bitcoin is made for times like these why is everyone selling at a time like..
by
FanatMonet
on 26/05/2020, 22:10:04 UTC
They were selling, because so many people needed money because of the coronavirus pandemic, because of which they lost their jobs and livelihoods. Yes, and the whale showed up, which pretty much rocked the market. Therefore, your post was not very justified.
Post
Topic
Board Economics
Re: Can microeconomics help macroeconomics after the pandemic
by
FanatMonet
on 26/05/2020, 22:07:19 UTC
Small business is the backbone of the economy. Many countries do not take full advantage of this, resulting in huge problems. Especially, this now applies to countries that received a lot of money due to the export of hydrocarbons, which fell very much in price.
Post
Topic
Board Economics
Re: Is it possible to live without banks?
by
FanatMonet
on 26/05/2020, 22:04:24 UTC
It is advisable to always have your savings at your place, not trusting the banks or anyone else. Because in which case, you have the opportunity to lose all your money, and literally stay with nothing. But in what exactly to store, everyone already decides for himself.
Post
Topic
Board Economics
Re: Is the US Moving Away from Capitalism and Free Market?
by
FanatMonet
on 26/05/2020, 22:01:59 UTC
There will definitely not be centralized planning in the USA, but here I see the noticeable spread of certain features of socialism, personally, for sure. The rich are too rich, and the poor are faced with huge problems with both money and work during the coronavirus.
Post
Topic
Board Economics
Re: Could CBDCs defeat crypto in the long term?
by
FanatMonet
on 26/05/2020, 21:58:25 UTC
I would say that cryptocurrencies will be able to occupy their niche, but they will not be able to completely defeat fiat currencies, just like fiat currencies will not be able to defeat cryptocurrencies. Countries also treat cryptocurrencies in very different ways, someone legalized, and someone forbids.
Post
Topic
Board Economics
Re: How can we get people to use bitcoin as a currency?
by
FanatMonet
on 26/05/2020, 21:56:00 UTC
While fiat currencies decide everything in the world, the use of cryptocurrency for its intended purpose is rather difficult, because we can’t say how much even Bitcoin will cost tomorrow, not to mention the mass of various altcoins, the prices of which are absolutely difficult to predict.
Post
Topic
Board Economics
Re: Continuous Printing Of Money Out Of Thin Air Has Never Being The Answer
by
FanatMonet
on 26/05/2020, 21:53:53 UTC
Honestly, I would not even think about the global scale, because In any case, there are countries that will oppose cryptocurrencies, because this will oppose the economies of these countries, and in the future, may reduce tax revenues from the population.
Post
Topic
Board Economics
Re: Bitcoin and COVID
by
FanatMonet
on 26/05/2020, 21:50:23 UTC
Usually, when people write that Bitcoin will be some kind of breakthrough that can help us in a pandemic, I immediately have a logical question, why not, plastic cards will help us in this? They can also easily pay for something without leaving home, what is better than Bitcoin in this situation?
Post
Topic
Board Economics
Re: Highly educated scammer hate bitcoin!
by
FanatMonet
on 26/05/2020, 21:47:35 UTC
An interesting post, but immediately a logical question arises. Have you ever contacted law enforcement? When investing, you should have concluded a contract, but I hope that you did not invest money under his honest word? Otherwise, it was a very rash step.
Post
Topic
Board Economics
Re: What online service / product would you buy in this recession ?
by
FanatMonet
on 26/05/2020, 21:44:00 UTC
Pretty tricky question. Now I wouldn’t buy anything superfluous at all, except food and housing. Because it is impossible to predict what will happen tomorrow due to a pandemic. But if you include fantasy, then I would invest in stocks of either hydrocarbon companies or high-tech ones.
Post
Topic
Board Economics
Re: What would a Crypto-only economy look like?
by
FanatMonet
on 26/05/2020, 21:41:08 UTC
All this is similar to utopia, because if hackers clog the transaction processing pool, then people will not be able to use their money to pay for anything, you will have money, but you will not be able to use it for anything, or you will have to pay a very large commission.
Post
Topic
Board Economics
Re: Crypto is becoming legal in my country! Any business idea?
by
FanatMonet
on 26/05/2020, 21:37:40 UTC
Well, the very first thing that comes to mind when combining the words Bitcoin and is legal is a Bitcoin ATM, where you could buy and sell cryptocurrencies, but I can’t say how profitable this idea will be. Because usually they have a pretty big commission.
Post
Topic
Board Economics
Re: The unfortunate event that is Quarantine.
by
FanatMonet
on 26/05/2020, 21:35:27 UTC
Personally, I hold on, because. even from the forum, I get a sufficient amount for life, including payment of housing, groceries. People who have lost their jobs must go to labor exchanges to be paid unemployment benefits if they cannot find work right now.
Post
Topic
Board Bitcoin Discussion
Re: What to answer when asked "Can I make money mining bitcoin?"
by
FanatMonet
on 26/05/2020, 21:30:24 UTC
At the moment, in order to mine Bitcoins, you need to invest very much in this business. Because capacities are constantly growing, and at the moment, are no longer available to most users, even those who mined even before halving, because their equipment is outdated.
Post
Topic
Board Bitcoin Discussion
Re: Miners are happy, while we suffer?
by
FanatMonet
on 26/05/2020, 21:26:42 UTC
Miners logically should slightly increase the commission, because their number has decreased after halving, which means that transaction processing may take longer than before. Therefore, the growth of the commission was quite expected.
Post
Topic
Board Bitcoin Discussion
Re: Telegram groups for Bitcoin
by
FanatMonet
on 26/05/2020, 21:23:39 UTC
Maybe I just do not have a good experience, but most Bitcoin groups in telegrams are various channels in which everything is discussed, but not cryptocurrencies. Or another option, when they are trite abandoned and do not represent any value.
Post
Topic
Board Bitcoin Discussion
Re: Can bitcoin halving make cryptocurrencies reach all time high again?
by
FanatMonet
on 26/05/2020, 21:20:43 UTC
While maintaining demand for Bitcoin at the current level, the market should lack Bitcoins to buy, because of which, the price should rise, well, that's all in theory, I would even say in an ideal theory. Anyway, anything can happen, like the coronavirus pandemic, when people are not up to cryptocurrencies.