Elon Musk says own ‘physical things’ when inflation is high, but he won’t sell his crypto
submitted by /u/Sadboiiy [link] [comments]
submitted by /u/Sadboiiy [link] [comments]
So just for kicks I was wondering this. And not this isn't an exact science since factors can change the numbers a bit, and before digging into this I'm figuring you would already have to have a ton of money where you aren't worried about this anyways. Note when I say passive income to live…
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Bitcoin (BTC) may be a pioneer in the world of cryptocurrencies, but it is also quite a burden on the planet’s resources and harmful to the environment. That’s why impact tokens are becoming more prominent in the space now, with more and more portfolios boasting cryptocurrencies that support human development and sustainability with their ventures. Here are three such projects that will impact the globe in 2022. Bobcoin (BOBC) Bobcoin (BOBC) comes from Bob Eco, an electric vehicle company creating thousands of jobs and has declared war against pollution through the use of cryptocurrency. The clean energy company is on a mission to accelerate the transition to sustainable energy while focusing on emerging markets. That primarily means focusing on developing countries like those in Africa. Identifying the need for cheap transportation in such countries and learning the high amounts of emissions coming from older, highly polluting motorcycles and taxis, Bob Eco has found a market for its electric two and three-wheelers. These electric two and three-wheelers work with a vast network of battery swapping stations and are driven by people who get these vehicles on a lease-to-own basis. Now, in a bid to raise more funds for expansion and bring their green technology to more countries, Bob Eco released Bobcoins, a digital coin that is essentially a representation of the ownership of economic rights (e.g., including a share of the profits or revenue). Bobcoin is a stakeable token that combines technology with the requirements of the securities markets, thereby helping in the liquidation of assets. By investing in Bobcoin, investors help in asset purchase and management and contribute to reducing pollution, creating jobs, and fighting poverty. The LoveChain There is no denying that social media has changed the way we view things; from how we perceive the world to how we judge ourselves, moving online has created a revolution in how we interact, and everything goes by so fast that nothing feels still or permanent anymore. The LoveChain is doing its part in making records of love last forever with their platform, essentially a digital version of lovelocks found all over the world. Like lovelocks, The LoveChain is designed to record and commemorate people, occasions, and things users most value in their lives. Every user profile on the blockchain is given a cryptographically generated code number used to symbolize the uniqueness of their relationship. The platform even allows users to create and join sub-groups around different themes, all based on love. LoveChain is also built on Algorand, a green blockchain that’s energy-efficient and plans to further offset its carbon footprint in partnership with ClimateTrade. When users share what they love and care about on Lovechain, engage with the community, post content, and share data with advertisers, they get LOVR reward tokens, which gives them access to exclusive discounts and benefits with The LoveChain’s merchant partners. People can therefore commemorate anniversaries and milestones, keep an album of their precious moments with a loved one, and record and send messages of love. All of this and more would sit on the blockchain and be the user’s own piece of digital real estate, and because the blockchain is decentralized, this record would live forever. So their slogan is fitting: The LoveChain is forever. @Pay From the ‘Letter of Credit’ notes to credit cards to Buy Now, Pay Later (BPNL). The concept of BPNL as a short-term financing solution is certainly helpful to consumers, especially since this model is largely interest-free. It’s not just about getting access to things you like; this model helps those who would otherwise not be able to immediately afford groceries or other necessities. It has become an increasingly popular payment method, and @Pay capitalizes not only on this opportunity but also participates in 2 other emerging markets: Cryptocurrency & fiat currency and Blockchain and smart contract technology. @Pay is a global decentralized platform giving a payment solution for shoppers, merchants, and marketplaces with the intention of empowering consumers to access the things they need while still allowing them to maintain financial wellness. The platform leverages blockchain technology, cryptocurrencies, and Buy-Now-Pay-Later solutions to help buyers make online purchases and pay back in installments with no interest. With a cart abandonment rate of 70%, resulting in $4.6 trillion lost in e-commerce sales per year, it’s no wonder that merchants and brands are partnering up with platforms like @Pay. @Pay is also built on the Algorand blockchain and the Solana blockchain, which is the fastest-growing ecosystem in crypto, with thousands more projects planned in the DeFi, NFT, and Web3 spheres. For millennials who are environmentally conscious and don’t wish to compromise when building good credit, and for brands who want to see clicks convert to sales, @Pay is the answer. With impact tokens generating positive, measurable social change and helping to reduce pollution, eradicate poverty, and foster peace while still providing financial returns, there’s no doubt that these cryptocurrencies should be on the watchlist in 2022.
submitted by /u/alexandrapetters [link] [comments]
Bill Barhydt, the CEO and inventor of the well-known cryptocurrency wallet service Abra, outlined why he believes Ethereum is a much better investment than Bitcoin. He has also set a price prediction of $40k for ETH, indicating his confidence in its future development. He also noted that Ethereum is utilized for a variety of reasons, such as DeFi, stablecoins, NFTs, and even games. Furthermore, it has the “network effect,” which means that the value of cryptocurrencies is likely to rise as the number of customers grows, making it an even greater utility. Ethereum Positive Use Cases Its central argument is that the use of Ethereum is what makes it so valuable. Bitcoin’s network effects, according to Bill, are changing it into a reserve asset that is trustless, immutable, and cannot be manipulated; it is hard money. In terms of flexibility, dependability, and value rise, Ethereum network effects are much more practical in terms of short-term exponential development. Furthermore, while Bitcoin’s quantity is fixed, because of the burning of Ethereum, Bitcoin has become deflationary, meaning its supply is actually diminishing over time. ETH total market cap at $309.68 billion on the daily chart | Source: TradingView.com Related Article | Ripple Welcomes More Than 4,000 Artists Into Its New NFT Platform Ethereum Seen To Unseat Bitcoin As Top Crypto With that in mind, Ethereum is extremely likely to dethrone Bitcoin over the next 10 years, some analysts said. Ethereum, which has long been Bitcoin’s primary large-scale rival, has several technological challenges that it would need to solve to gain market domination. That’s precisely what Ethereum’s developers hope to achieve with their upcoming upgrade to the underlying blockchain, dubbed “Ethereum 2.0.” The upcoming changes will include the implementation of a processing technique known as “sharding.” Related Article | Apple Co-Founder Steve Wozniak ‘Feels’ Bitcoin Will Be Worth $100,000 Currently, all data added to the blockchain version must be verified by all participating nodes. But by incorporating sharding into the mix, Ethereum 2.0 can significantly improve the efficiency of its resource usage. The new system will accomplish this by dividing data verification tasks among groups of nodes, with each node responsible for only verifying the data it receives. This enables the entire blockchain to use parallel processing, potentially increasing overall capacity by a greater magnitude. Ethereum is transitioning from proof-of-work (PoW) to proof-of-stake (PoS) consensus. It has been planned as a vital part of the strategy to scale Ethereum through upgrades. Negative Outlook For ETH ETH is priced at roughly $2,577.25 early Monday, which is 0.39% lower than the previous day as a result of rapid volatility rates. The crypto posted a low of $2,493 and a high of $2,602 due to timely changes in crypto-assets and revenues in the global cryptocurrency market. After all that discussion, Barhydt concluded: “I suppose you are talking about potentially between $30k and $40k Ethereum.” Meanwhile, Finder.com said that a group of fintech professionals are more pessimistic in their outlook than Abra’s chief executive. Previous predictions by the panel had put the price of ETH at $51,798 by 2030. That figure has been reduced to $26,338. Coingecko reports that Ethereum is trading at $2,518, as of this writing. Featured image from YouTube, chart from TradingView.com
Purchasing crypto with fiat or any “unrealized appreciation” are not taxable events according to Thomas Shea, an EY crypto tax executive.
I failed to approve an address to spend my WETH. Can anyone help? $ curl localhost:8545 -X POST -H "Content-Type: application/json" –data '{"jsonrpc":"2.0", "method":"eth_call", "params":[{"to": "0xc778417e063141139fce010982780140aa0cd5ab", "data": "0x095ea7b3000000000000000000000000e592427a0aece92de3edee1f18e0157c05861564000000000000000000000000ffffffffffffffffffffffffffffffffffffffff"}, "latest"], "id":1}' {"jsonrpc":"2.0","id":1,"result":"0x0000000000000000000000000000000000000000000000000000000000000001"} submitted by /u/notooth1 [link] [comments]
I've seen this sentiment in comments regarding every single "problem" that is highlighted by news posts or opinion pieces here in this subreddit. Like the faults of certain economies or the US inflation or… well, anything else that might be going wrong in the world and that is even slightly related to crypto. And the…
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The year 2022 has begun unlike anyone had anticipated: at the precipice of World War III. An escalation between Russia and Ukraine and related economic sanctions have caused historical volatility and fear in financial markets. It arrives while the pandemic is still not entirely under control, and the lingering impact it had on supply chains and logistics is nowhere near subsiding. The situation has dealt a crippling blow to global stock markets as investors brace for the potential business impact war and related economic turmoil can have. At the same time, important geopolitical commodities like oil are skyrocketing in value. Gains in gold have also grown steady as investors move capital into known safe havens during such times of uncertainty or during periods of high inflation. Meanwhile, the highly volatile cryptocurrency market has recently decoupled from stocks and received newfound interest from oligarchs seeking to avoid economic sanctions and supporters of both sides looking to donate to the cause. However, their previous performance tied to stocks continues to make them a high-risk investment class. With so much going on across financial markets globally, how will traders survive in the year 2022? Here is more info to help you trade your way through the unprecedented turbulent times. Go For The Gold Precious metals tend to perform while other assets struggle. They do well even during recessions, making them a flight to safety for investors of any size. Because gold is an international and borderless commodity and asset, it plays a critical geopolitical role globally. Most countries turn to it as a reserve asset outside of their own currency or the global reserve, USD. When any of these currencies are under pressure, gold is the place to be instead. Gold’s use as a monetary asset dates back ages and remains the hard money standard. Most national currencies were once pegged to the price of gold. Today, fiat currencies are essentially printed out of thin air by creating debt. The situation, in turn, causes inflation, which gold traditionally has been used to combat. With inflation rates as high as 7.5% already, gold is once again becoming the de facto choice for investors to protect their hard earned capital. The shiny yellow metal also tends to perform best during times of uncertainty. Gold rises around major political events such as US Presidential elections or Brexit, for example. Its recent climb began with the trade war between US and China. And it is once again performing positively with the situation growing more severe across Europe. A Shaky Stock Market Although the Fed’s ultra lax monetary policy post-pandemic allowed the stock market to flourish, looming rate hikes cut down recent gains and might have put a pause on performance for some time. News of the war further turned markets fearful, hitting emerging markets particularly hard. Additional monetary easing could be warranted if the economy suffers further from ongoing war and sanctions, forcing the Fed’s hand during a time when inflation is already dangerously high. The Fed may need to stave off rate hikes instead without further monetary expansion, and the uncertainty will make for a rocky few quarters in the stock market. If the conflict in Europe subsides sooner than expected, rate hikes may develop as currently planned. Simply put, the risk surrounding the stock market could keep performance at bay for most of 2022. More dynamic returns may not materialize until well into 2023, and with the current state of the economy, anything is possible. Demand For Commodities Certain restrictions surrounding the pandemic are finally being lifted, and with war taking over the headlines, the media is no longer pushing panic over COVID. But its damaging effects on supply chains and logistics continue to threaten the monetary system with frightening inflation. It has also put pressure on strategically important geopolitical assets that are already scarce and in steady demand. Already weak supply in the face of high demand and fear of price inflation is pulling up energy prices sharply. Natural gas and oil have benefited enormously but are now at historic highs. Although they are considered the “hot commodities” at the moment, getting into oil this close to resistance could be a dangerous move. Several countries are close to deploying extensive measures to rescue their citizens from the strain high prices put on their pockets. If and when the situation surrounding Ukraine and Russia begins to stabilize, and Iran unlocks some supply to the world, energy prices should correct and return closer to normal. If, for some reason, the situation turns tenser, oil prices could reach new record levels. Make It Or Break It Moment For Bitcoin Things are getting interesting for Bitcoin and cryptocurrencies. Bitcoin itself has been pitched as the best chance for fighting against inflation due to its hard-capped supply of just 21 million BTC and attributes that make it similar to digital gold. Yet the asset has struggled severely during the worst inflation in decades. Gold is performing well, so safe-haven assets aren’t the problem. An ongoing correlation between crypto and the stock market helped propel Bitcoin and other coins into stardom during the post-pandemic stock market surge, but it has hurt cryptocurrencies since. The speculative asset class was once pitched as an uncorrelated asset class but has been stuck with a high correlation to stocks over the last two years. Investors panic sell cryptocurrencies at the first sign of weakness or fear in markets, making them even more volatile than stocks. However, big players who missed the boat on the way up in crypto appear to be buying each dip, suggesting a deeper bullish trend has not entirely been broken. Bitcoin has also surprisingly surged in recent days as volumes in local Russian, and Ukrainian currencies reached the highest levels ever. Everyone from local supporters to wealthy oligarchs looking to skate sanctions might buy the asset, making the situation less clear. Cryptocurrencies could show better performance than the stock market but will perform best when risk appetite fully returns, and the stock market and crypto grow in tandem again. How To Trade During Turbulent Times With PrimeXBT Although there are clearly many critical challenges putting pressure on the economy, financial markets, and investors themselves, there are also plenty of once-in-a-lifetime opportunities as a result. In the current environment, buying cheaper assets becomes attractive but still risky given the situation globally and the weight of all factors combined. Rather than take on more risk than necessary, traders can strategically hedge against risk by using a combination of long and short positions on a variety of assets. On the award-winning margin trading platform PrimeXBT, traders can open long and short positions with leverage on more than 100 different trading instruments for complete control over their portfolio and protect assets from risks when necessary. Margin trading also enables lower risk by allowing traders to put less capital on the line while still taking maximum advantage of the current market conditions and volatility. Trading with larger position sizes that require less capital is a safer way to tread carefully. For those that are too fearful at the moment to enter positions yourselves or simply don’t have what it takes to survive these volatile times, there is always the Covesting copy trading module. The Covesting copy trading module connects followers with traders who regularly show stand-out success via transparent global leaderboards. Only with PrimeXBT and Covesting can followers copy the trades of more experienced traders and profit from those who not only know how to survive in these times –– but know how to thrive in them.