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What does it mean when the Federal Reserve changes interest rates and why is it important?
The most educational thread you will see on your timeline today:đ§”
The most educational thread you will see on your timeline today:đ§”
1. By definition:
âThe Federal Funds Rate is the interest rate at which depository institutions lend reserve balances to other depository institutions overnight, on an uncollateralized basis.â
Okay so that is the scientific jargon. What about the version we can understand?
âThe Federal Funds Rate is the interest rate at which depository institutions lend reserve balances to other depository institutions overnight, on an uncollateralized basis.â
Okay so that is the scientific jargon. What about the version we can understand?
2. First, what is an interest rate?
An interest rate is a percent of a loan that is given out charged to the person or institution borrowing money.
An interest rate is a percent of a loan that is given out charged to the person or institution borrowing money.
Iâve been buying #bitcoin for +5 years. I got many things right and many things wrong..
So here are 5 of the most important lessons I have learned along the way. đ
So here are 5 of the most important lessons I have learned along the way. đ
Lesson 1: Cheap â Value
Donât get distracted by the per unit price of AltCoins.
#Altcoins are cheap due to their excessive supply. #Bitcoin seems expensive due to the limited supply.
Supply & demand is important. You want limited supply & increasing demand.
#BuyBitcoin
Donât get distracted by the per unit price of AltCoins.
#Altcoins are cheap due to their excessive supply. #Bitcoin seems expensive due to the limited supply.
Supply & demand is important. You want limited supply & increasing demand.
#BuyBitcoin
Lesson 2: I am not a trader
Drawing triangles on a chart is cool, but letâs leave the technical trading to the professionals, like @PeterLBrandt & @aspentrading10
Treat Bitcoin as a long term savings a/c. What you already have will be worth an incredible amount in years to come
Drawing triangles on a chart is cool, but letâs leave the technical trading to the professionals, like @PeterLBrandt & @aspentrading10
Treat Bitcoin as a long term savings a/c. What you already have will be worth an incredible amount in years to come
Kelmarin kita dikejutkan dengan berita Security Commisions Malaysia akan mengharamkan Binance di negara ini. Perkara ini membuat ramai penggemar kripto mengamuk, sebab Binance merupakan exchange yang paling accessible di Malaysia. Tetapi kenapa Binance begitu popular? 
Kenapa asset kripto menjadi gilaan ramai sekarang? Apa beza matawang kripto dan wang kertas seperti Ringgit Malaysia? Ianya semua bermula dari Bitcoin.
Pada era digitalisasi ini, kemaraan wang kripto merancak apabila harga Bitcoin mencanak ke 60K USD pada Mei sebelum jatuh 50% dan kini makin pulih. Bitcoin merupakan aset digital yang muncul tahun 2009 selepas 2008 housing market crash di US yg menyebabkan krisis kewangan dunia.
My current weekly view on #Bitcoin: potential bullish engulfing candle forming after testing the 1.618 Golden Ratio of the 2018 decline. Watch this as the weekend closes on Sunday. If proves to be a bullish engulfing, this is an indication of trend reversal
(1/?)
(1/?)
(2/?)
Long-term logarithmic growth line intact since March '20, potential support as we move on.
Weekly resistance level at about $39k; $30-39k being the same price range we have been in since late May.
Weekly RSI remains mildly overbought and approaching a descending resistance
Long-term logarithmic growth line intact since March '20, potential support as we move on.
Weekly resistance level at about $39k; $30-39k being the same price range we have been in since late May.
Weekly RSI remains mildly overbought and approaching a descending resistance
(3/?) Some context: 1.618 Golden Ratio forms a support level during a mid-summer 4th wave correction in each #Bitcoin cycle.
I had a good deal! Today, the same Goulash Kroket = 27.000 satoshi!
Today, 1 Goulash kroket = 34.500 satoshi.
1/ Draft of a Congressional bill titled "Keep Big Tech Out of Finance" Act is significant.
Note out this announced is right on the heals of Trump tweeting his feelings about #Bitcoin and #Cryptocurrency in general and specifically called out #Facebook #Libra...
Note out this announced is right on the heals of Trump tweeting his feelings about #Bitcoin and #Cryptocurrency in general and specifically called out #Facebook #Libra...
2/ FB jumping in the financial industry with their 2billion userbase to tap into *is* a wakeup call. They laughed at #Bitcoin because it was small, but with FB they see a threat.
I'm no fan of #ZuckBucks but I think the #Crypto industry needs to get on #TeamFB with this bill.
I'm no fan of #ZuckBucks but I think the #Crypto industry needs to get on #TeamFB with this bill.
1/ If you have a net worth over $1 Million and own 0 Bitcoin, you need to read this.
2/ Bitcoin is the next and final evolution of money. It will usher in a new economic paradigm that will fundamentally disrupt the existing fiat banking system.
3/ Bitcoin has a radical built in incentive mechanism. It's called scarcity. Almost nothing in life is absolutely scarce other than loved ones, fine art and Bitcoin.
Les taux dâintĂ©rĂȘts des banques centrales sont dĂ©jĂ Ă 0% dans de nombreux pays. Pour contrer une nouvelle rĂ©cession il faudrait baisser les taux de 3% Ă 6% ! Peu de pays auront cette marge de manĆuvre en cas de crise.
blogs.imf.org/2019/02/05/casâŠ
blogs.imf.org/2019/02/05/casâŠ
Dans un monde sans cash il nây a pas de limite nĂ©gative aux taux dâintĂ©rĂȘts. Actuellement le cash agit comme un plancher contre les taux nĂ©gatifs. PlutĂŽt que de dĂ©poser sur un compte (-%) Ă la banque il vaut mieux possĂ©der des espĂšces qui ne se dĂ©prĂ©cient pas (=).
Comment dĂ©truire ce palier ? SĂ©parer le cash et lâargent en banque. Ătablir un taux de change entre le cash et le e-money en banque. Un taux nĂ©gatif peut ĂȘtre pratiquĂ© sur lâe-money, et en mĂȘme temps le taux de change du cash contre lâe-money est dĂ©prĂ©ciĂ©.
Just watched a news report about how 40% of jobs will be replaced by AI in the next 15 years.
Jobs mentioned were:
Drivers
Waiters
Retail shop employees
I actually think the number could be much higher.
Let me explain.
**Threadđ**
Jobs mentioned were:
Drivers
Waiters
Retail shop employees
I actually think the number could be much higher.
Let me explain.
**Threadđ**
Every1 thinks of automation replacing lower end job, and it will, but it will also replace many white collar jobs in the near future as well.
My list would have included the below as well:
Data entry
Accounting
Financial Planning
Accounts Payable
Accounts receivable
Call centers
My list would have included the below as well:
Data entry
Accounting
Financial Planning
Accounts Payable
Accounts receivable
Call centers
Currently it is my 9-5 (lol) job to redesign systems in those areas of business to eliminate the need to hire new employees as the company grows.
*disclaimer* I work for one of the largest privately owned companies in the world.
*disclaimer* I work for one of the largest privately owned companies in the world.
