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It’s always good to be the first in line. Looking forward to making friends here.
For those looking for another hot cryptocurrency I'd like to suggest Cardano. The call letters for it is ADA.
Maybe bitcoin will eventually fail, for reasons that are not necessarily known today, but it has managed to show the way to the existence of a currency without state control. That there is an alternative to the monopoly of issuing money from the intertwined system of bankers and politicians. It has shown us that hierarchy or bureaucracy is not a prerequisite for success. There are people in between, but not a company or institution or organization or state. These are replaced by networks.
If we want to be realistic, it is difficult to realize the wildest dreams of freedom through bitcoin. Just as the dreams of the early Christians for a more peaceful society did not come true. One lesson that history teaches us is to have moderate optimism about utopias and idealism.
Bitcoin has helped to create more aware citizens. It is unlikely that anyone will worry about what money is. We spend energy to acquire them, to spend them, to invest them. But whoever learns how they are created, perceives with a different perspective their function in society itself.
Opponents of bitcoin often claim that "it is not supported by anything." The argument has now faded, as there are now many respected analysts and institutions arguing that there is intrinsic value. But even they underestimate it, trying to find only stock market value.
Even more important is that your property cannot be confiscated by any authority. They can not freeze your bank account, cut your deposits, impose capital controls. This is the most reliable protection of personal wealth that has ever existed. Is it possible that these characteristics are not taken into account when talking about a means of preserving value?
All great ideas are dangerous, said Oscar Wilde. With this criterion, the mentality that emerges from bitcoin is extremely dangerous.
I’m puzzled whether this belongs to finance or beauty. I believe it has dual interest!
I’ve read that this beauty salon will have an augmented reality mirror, which will display clients with different colors and styles before the treatment.
Expanding its presence in the lucrative sectors of the economy, the online retail giant Amazon is invading the beauty industry by opening the first high-tech hair salon in east London.
This salon will have an augmented reality mirror, which will display clients with different colors and styles before the treatment.
A parenthesis: Realistically, we are living in 2021, and the augmented reality concept has been introduced to us with many apps smartphones have. I have used/experimented with various apps such as Faceapp.
Space will include magazines loaded on tablets so that customers are informed and entertained while staying in the space. Customers will also be able to scan QR codes for products they see at the salon or have used them there and order automatically through Amazon.
The first to try these innovative services are Amazon staff and later the services will be available to the general public.
If you keep reading this, I’d like to comment here: The augmented reality concept, will expand and gain more ground in other fields of technology such as education and the medical sector.
If you are into the stock market, maybe it’s time to be alerted and have a look here.
Amazon has announced that it is an “experimental hair salon” and it is not in its immediate plans to extend this initiative to other areas.
alm/storefront?almBrandId=QW1hem9uIEZyZXNo">Amazon Fresh customers scan a smartphone app when they log in, and their purchases are automatically detected by in-store cameras and charged to their Amazon account as they leave.
In the US, meanwhile, Amazon has expanded its palm-scan payment system to a Whole Foods supermarket in Seattle.
The technology is already in use at some of Amazon’s stores in America – and the company hopes to expand its scanner to other retailers.
Amazon.com. Spend less. Smile more.
Free shipping on millions of items. Get the best of Shopping and Entertainment with Prime. Enjoy low prices and great deals on the largest selection of everyday essentials and other products, including fashion, home, beauty, electronics, Alexa Devices, sporting goods, toys, automotive, pets, baby, books, video games, musical instruments, office supplies, and more.
I see that inflation is getting worse within the US and with the constant drop of buying power that USD holds, it would seem that investing might be a better options. Having a savings these days just means you have money sitting in a bank losing value over time. The interest you once got for doing this is getting beat out by inflation.
Which do you think is the smarter approach looking ahead? Sticking with the golden standard of having a savings account or investing your money in stock, property, or crypto?
Going to an expensive college or university is a scam. If you go to one right out of high school, you are very likely to end up one of the millions in this country that will never be able to pay off their debts. If you want to go to college or get higher education, look to trade schools and community colleges. There is no reason you should be going thousands into debt when you aren't even sure it is what you want to do with your life. I was not given the option to go, I would have needed to have someone co-sign for a loan and my older brother had already gotten my parents to do this. They couldn't do it a second time. I am 3 years younger but I am making nearly 20k more than he does per year. I never went to college. He did and he is still paying off his debts. He has been graduated now for 9 years.
If you are not sure what you want to do in life, don't let people force you into going to college, not even your parents. Wait and decide. You may end up finding your interests don't require higher education.
Short intro: I'm a Greek/American solopreneur, a self-starter, and a hard worker.
Although the existing discussions about #finance and #cryptocurrency are very interesting, I decided instead of answering some of them to start a new discussion.
Here are my thoughts about cryptocurrency (not just Bitcoin), blockchain, and the concept of an alternative economy based on digital money.
First of all, I'll start early on with a big question mark that revisits me each time I join a discussion about cryptocurrency. As far as I know, in most EU countries the existing pension program is based on all of us who are actively working and paying taxes. Part of our taxation is used in order to pay the pensioners. Here's where the generation gap comes in.
Younger generations, specifically millennials are brain-washed with dubious basic income ideas and cryptocurrency as a form of investment. This is more than just hype. This escalated quickly. As a result, unemployment skyrocketed, the age younger generations decide to move out of their house and start their new independent life changed.
Younger people have rejected the 9-5 job model, period. They also have started to reject the academic system and study for years in order to get a degree and as a result, make money and contribute to the existing economic system. Instead, the hunt for basic income and cryptocurrency investment is growing each day.
So here's my question: What happens when all of us, who hold regular jobs, become pensioners? Who will pay our pensions after a certain age?
As far as I know, crypto investments and some, not all, basic income ideas evade taxation, therefore the message I'm receiving is that we are in a free for all mode. We do not pay a dime nor care about future pensioners since we have discovered or decided to lead a different economic plan that according to it we are getting our own digital money.
Of course, regulation by the state has taken place, I just feel that those people are working with limited information. They just hope it will work. The concept of crypto is new to them.
Your thoughts?
My final thought is that this cryptocurrency-basic-income direction will eventually lead to the introduction of a global basic income. I'm not sure if it will be the number one reason for this, but certainly, I can see a connection.
The company becomes the second in the world to reach this level so quickly.
In the "closed club" of companies with a value that exceeds 1 trillion. Tesla enters, success - milestone for the automaker of Elon Musk.
The maker of the Model 3 sedan, the world's best-selling electric car, becomes the second company in the world to reach this point so quickly, just eleven years after it went public in June 2010.
Facebook Inc. managed it faster, although it is now below 1 trillion dollars, as its stock has fallen in the last two months.
The other listed American companies of the "club of 1 trillion dollars" are Apple, Microsoft, Alphabet and Amazon.
On Monday, the share of Tesla climbed 7.7%, marking its biggest intra-conference move since April 13.
For the past five months, Tesla shares have been rising steadily, exceeding 70% since mid-May. However, the rally received another boost this month, amid reports of strong quarterly profits and deliveries, for a large order from Hertz Global Holdings, but also from the news that the company's Model 3 is the first-selling electric car in Europe.
"Tesla is the leader in electric cars, batteries and autonomy," said Morgan Stanley analyst Adam Jonas. "It also has a number of technologies and features that allow it to be top notch in cars and energy in the long run."
The shift to e-mobility in all modes of transport, and especially in cars, trucks, buses and vans, has become much more intense this year, with governments promising to find solutions to the climate crisis.
"The prospect of adopting e-mobility is much greater, as there is more support, more improvements in battery density and cost, better charging infrastructure and greater commitment from manufacturers," Bloomberg New Energy Finance said in a report in September.
He estimated that sales of electric passenger cars will increase sharply in the next few years, reaching 14 million in 2025!
The recent labor shortages in the US labor market boosted labor costs for businesses in the third quarter of the year, reflecting higher wages owed to their employees but also the slowdown in production associated with logistics chains problems.
In particular, the so-called labor cost per unit of product increased by approximately 10% in the July-September quarter, according to data released by the US government on Thursday.
The surge in labor costs is due to the fact that companies are paying higher wages and bonuses to attract new employees and keep existing ones amidst the greatest labor shortage for decades. The amount of wages and benefits paid to employees increased at a rate of almost 3% in the third quarter. Can you tell what that means? Maybe it meas less Americans are willing to get a 9-5 work because they are too busy waiting for Bitcoin to hit 100k by the end of the year? A single tweet by Elon Musk can skyrocket the value and make a percentage of investors rely on "passive income". I see a connection here with few last posts about basic income. Remember if it happens, you read it here on Blahface first.
At the same time, companies are facing problems in their production, as due to problems in supply chains they are unable to secure sufficient supplies to maintain their full production capacity. Bingo! You were expecting to read this.
Thus, although working hours increased by as far as I'm concerned 7% in the third quarter of the year, production increased by only almost 1.5%.
As a result, US productivity fell at an annual rate of 5%. Productivity is determined by the difference between production and working hours.
Can somebody historically tell us what happens if productivity dives? Especially post-quarantine. Would be interested to see answers.
The hunt for the new bitcoin is going strong post pandemic. I see new cryptocurrencies sprung like mushrooms every couple of weeks and people going crazy about it. Never seen people willing to risk that much for a coin they do not know about it, not to mention that the creativity of the coin founders have hit a plateau. The more ridiculous the coin name, the more hype it gets.
Did you ever imagine that in 2021 a digital coin with a dog for a logo will dominate the crypto market?
Shiba Inu entered the top-10 of the most valuable digital currencies by displacing its "cousin", Dogecoin, after its capitalization reached 40 billion dollars!
Shiba Inu added about 10% on Monday, while in the last week it has doubled its value. Most of this increase occurred during last Wednesday's meeting, when it rallied almost 70%.
According to official and credible sources, in the last month the value of the Shiba Inu has increased by about 900%, however it remains small as a Shiba costs only one cent. But if someone had bought a $ 1,000 Shiba in late September, their 20 million coins would now be worth about $ 9,000.
It is recalled that the cryptocurrency was created by the anonymous creator Ryoshi in August 2020 and was released as a Dogecoin-killer.
What are your thoughts on cryptocurrency? Do you own coins or are even tempted to start a wallet/portfolio and try your luck with forex? The volatility of the nature of this coins is a deal breaker to me. I prefer more conservative, low risk choices that have matured.
Perhaps I'm paying the cost of not risking. The philosophy is to place/buy an amount and forget about it, hoping it's value will skyrocket.
On Friday, the Dow Jones industrial average fell 981 points, or 2.8%, to its worst decline since October 28, 2020. The broader S&P 500 also plunged 2.8%, while the tech Nasdaq lost 2.6%. per week, the Dow lost 1.9%, while the S&P 500 fell 2.8%. The Nasdaq fell 3.8% overall.
Investors' concerns were exacerbated by statements by Fed Chairman Jerome Powell, who appeared to support a 50 basis point increase in interest rates, instead of the traditional 25-point increase. at the next central bank meeting in May.
At the same time, the decision of the Chinese authorities to extend the mass lockdowns for the suspension of Covid-19 has brought back to the forefront concerns about the resilience of the global economy, but also about the risk of new disruptions in the global supply chains.
Indicators - Statistics
On the board, the Dow Jones lost 245.16 points or -0.73% at 33,579.45 points, while the broader S&P 500 fell 36.16 points or -0.87% to 4,234.52 points. The technology Nasdaq slips 50.98 points or -0.33% to 12,788.65 points.
Of the 30 stocks that make up the Dow Jones industrial average, only five are moving with a positive sign and 25 with a negative one. The biggest increase is recorded by Coca-Cola with gains of $ 1.16 or 1.78% at $ 66.41, followed by Johnson & Johnson at $ 184.04 with an increase of 1.38%, and Salesforce with gains of 0, 38% to $ 172.08.
On the other hand, the three stocks with the biggest losses are Verizon Communications (-3.04%), Chevron (-2.35%), and Nike (-2.23%).
Meanwhile, investors are preparing for another barrage of corporate results in the coming days. This week the investment interest is expected to be monopolized by the announcements of technology giants such as Apple, Meta Platforms, Facebook parent company, Alphabet, Google parent company, Amazon.com, and Microsoft, among others.
Investors continue to follow Twitter Inc. in the aftermath of the offer of the billionaire Elon Musk for the acquisition of the company and in the middle of reports that the BoD. of the company is reviewing the takeover proposal.
Its price rose to $ 1,844.90 an ounce, up 0.33%.
International stock markets are declining, as concerns about rising interest rates and recession remain. In the UK, inflation soared to 9.1% in May, marking the sharpest annual rise since the census began in 1989. "Fear of the growing risk of recession and inflation, investors, some of whom will choose gold as a safe haven, "said Carsten Menke, head of Julius Baer's Next Generation Research. "But the negative factor is the very aggressive tightening of monetary policy, mainly by the Federal Reserve," he concludes.
The rise of gold is also slowed by the strengthening of the dollar, the US currency index increased by 0.1%, making gold more expensive for investors investing in another currency.
Investment interest is focused on Jerome Powell, who will appear before the Senate Banking Committee today and tomorrow to anticipate the Fed's next moves. "If Powell paves the way for another 75 basis point rate hike in July, it will likely trigger a further strengthening of the dollar and higher bond yields, leading to a fall in gold," said RicTardo, a senior ActivTrades analyst. Evangelist. "Otherwise, and this is the most likely scenario, if the president avoids the hawkish outbursts, the price of gold is expected to remain stable," he added.
Silver fell 1.32% to $ 21.48 an ounce, platinum fell 1.48% to $ 925.60 and palladium fell 0.82% to $ 1,847.50.
The effect of oil
Brent oil futures, which are at $ 108.90 a barrel, also had a negative effect on the markets and the fall of about 5%. US crude futures also fell 5.51% to $ 103.49 a barrel.
Read also: Asian stock markets: Japan set the tone for the rise
In Hong Kong, the Hang Seng Index fell about 2%, and the Hang Seng Tech Index fell 3.68%. Alibaba slipped 2.93%. The Shanghai Composite lost 1%, and the Shenzhen Component fell more than 1%.
Strong concussions
Shocks were also strong in South Korea, with Kospi falling 2.74% to close at 2,342.81 points and Kosdaq falling 4.03% to 746.96 points. SK Hynix fell 3.15% and Naver lost 4.38%.
Japan's Nikkei 225 slipped 0.37% to 26,149.55 at close, while the Topix fell 0.19% to 1,852.65.
Simply put, it means divide your income in 3 portions.
- Allocate 50% to your Needs
- Allocate 30% to your Wants
- Allocate 20% to your Future Savings
Who else here is following this 50/30/20 budgeting method?
Invest in Gold
You will get a profit when the gold prices increase.
Mutual Funds
You can also invest in mutual funds with a minimum amount and get a high return rate through it but returns depend on the fluctuations in the market.
Invest in Government Funds
Research about the government schemes available in your country that allow you to invest as a citizen/national.
- Don't overspend your money on buying useless things or the things that you don't really need.
- Stop going shopping just because there is a huge sale. Buy only if you don't already have good clothes in your wardrobe.
- Avoid eating in restaurants when you can cook that food at your home at a very low price.
These easy tips will help you save money for your future needs or any kind of emergency situation.
And, stock market is another great investment platform. It can also make a person rich if he knows how to invest in profitable stocks. But there are high risks of loss too in stocks.
What do you prefer, stocks or real estate for investment?
I will look out for these things before buying a house:
* It must be in a good and clean location.
* It must have a tight security system.
*There must be greenery.
* It must have nearby markets, an airport and a hospital.
What would you look for before buying a new house?
Bitcoin, forex trading, or mutual funds, what is the best option?
I also want to visit my favorite countries with my family.
Besides that, I want to have enough money that I can do a lot of charity and help those who are in need.
What are your financial life goals?
What are your thoughts about advertising your business online? How was your experience?
If I want to eat something delicious that I saw on the internet, I try to make it at home at a reasonable price. It's not only economical but also hygienic. I love to cook my favorite recipes so it's not a boring thing for me.
How do you save money?
It is advised to save a portion of your income on a regular basis to meet emergency situations.
Have you saved the emergency funds for yourself and your family's needs?
- Investment in real estate makes you wealthy.
- Land prices always go up so there is mostly zero risk of losing your money.
- It's the best investment to help you during inflation.
What do you think are other advantages of investing in real estate?
But, spending that money on buying luxuries or going on trips is completely wrong.
Get a loan only if you've got a plan to return it as soon as possible.
How do you manage your expenditures when you're in debt? Share your experience.
This climate has prevailed for many months and is being strengthened as the euro falls steadily against the American currency. The possible causes of this movement, apart from the fact that psychology sometimes works on itself and reinforces an existing tendency, are not difficult to identify, but opinions differ as to the gravity of these causes. A big role has been played by the difference between reference interest rates in the US and the Eurozone, as well as the expectations for the development of this difference.
Looking at a chart, one can see that the decline began sometime around a year ago, when it began to appear that the US central bank would not be able to avoid raising interest rates. The decline began to steepen when interest rates finally began to rise in March this year and has continued so far as the Fed has already hiked three times and is gearing up for a fourth, while the European Central Bank will make its first move in next days. In addition to the difference in interest rates, which makes the American currency much more attractive and attracts investors, the war in Ukraine has also played a very important role.
The European economy has been hit hard by the large increase in the cost of fuel and electricity, creating the impression that it will soon find itself in a state of recession. This impression has developed into a certainty, as the markets know that if the flow of natural gas from Russia to Germany and Europe stops completely, as is likely to happen soon, the blow to industrial production and economic activity in general will be very severe. strong and will put the European economy in a much worse situation than the American one.
Things We Throw Away - Home Tips: Why You Shouldn't Sell Everything
Are you one of those people who throw everything in the trash? From your old sneakers to old electronics that you think have no value? The video below will convince you not to do that again as it will prove to you that old things can have amazing new uses. Or you can even sell these seemingly useless things online and make a fortune! So, if you're looking for reimagining ideas, we've got something interesting for you.
Did you know, for example, that a simple piece of paper that you normally do not hesitate to throw away can sell for thousands of dollars several years later if it is related to some important event, for example, a notable baseball game? You can also try selling empty boxes, pine cones and even... used toilet paper rolls!
Things we throw away - Tips for the home: Here's a video, with twenty-five things
The deal, which the FT said could be signed as early as this afternoon, values Credit Suisse around $7 billion less than its market value at Friday's close.
The FT said UBS is offering a price of 0.25 Swiss francs per share, which will be paid in UBS shares. Credit Suisse shares closed Friday at 1.86 Swiss francs.
The rapidly evolving nature of negotiations means that the terms of any final agreement may differ from those stated.
Credit Suisse declined to comment on the information when contacted by CNBC.
At the same time, the Swiss government plans to change corporate governance rules to bypass a shareholder vote on the transaction, the newspaper said.
UBS is under pressure to finalize its takeover of Credit Suisse within the day in the hope of avoiding a collapse and a contagion of market panic tomorrow, Monday.
Members of the government met this morning at the finance ministry in Bern to discuss the issue of capital importance to the Swiss economy.
Closure
Earlier, the Bank of England informed its international partners and UBS that it would support the proposed acquisition of Credit Suisse, as reported by the British Sky News network.
Talks to rescue Credit Suisse continued on Saturday as UBS asked the Swiss government for $6 billion to cover the costs of a takeover of the bank, a source told Reuters.
Authorities are trying to restore the bank's relationship of trust with customers and investors after the turmoil caused by the collapse of US Silicon Valley Bank and Signature Bank last week.
While regulators are keen to find a solution before markets open on Monday, a Reuters source warned that talks are running into significant hurdles and that 10,000 jobs may have to be cut if the two banks merge.
The guarantees requested by UBS will cover the cost of liquidating parts of Credit Suisse and possible legal costs, two people told Reuters.