Nadyisom

Markets are worried:
The price of Bitcoin is going down, and that's a sign that the whole economy might be going down too.

Prices might go up:
The US has printed a lot of money, which could make things more expensive (that's called inflation).

The US has a lot of debt:
It owes a lot of money to other countries, and it's not clear how they'll pay it back.

Things are getting tense in the world:

Iran and Israel are fighting:
Iran might attack Israel because of some recent events. This could be really dangerous.

People in the UK are angry:
They're protesting about immigration because of a bad event that happened. This is causing a lot of tension.

Elon Musk thinks there might be a civil war:
This is a serious statement, showing how divided people are.

What people are saying:

Robert Kiyosaki is worried about the stock market: He thinks the price of stocks might go down, but he's still buying some.

Trump has a crazy idea:
He wants to pay off the US debt using Bitcoin. No one is sure if that's a good idea.

What might happen next:

People might sell everything:
When things are uncertain, people often sell their investments, like stocks and crypto, and put their money in safer things like gold, property, or cash.

This could affect Web3:
The Web3 market (like crypto) could be affected if people take their money out.

A big crash might happen:
Things might get really bad for the economy, like they did in 2020 or 2022-2023.

Overall:

Things are pretty scary right now. The economy isn't doing well, and there's a lot of tension in the world.

We don't know what's going to happen next, but it's good to be aware of the things going on around us

1. What Happened?
Donald Trump said that if he tells Jerome Powell to leave the Federal Reserve, “he’ll be out of there

2. Why Did He Say That?
Trump doesn’t think Powell is doing a good job running the economy.

3. Who Is Jerome Powell?
Powell is the head of the U.S. Federal Reserve, which controls interest rates and helps manage inflation.
Trump picked him in 2017, and Biden gave him another term in 2022.

4. Can Trump Fire Him?
Not easily. The law says a president can’t remove the Fed Chair just because they disagree.

5. Why This Matters:
The Fed is supposed to be independent from politics. Trump’s comments raise questions about whether he’d try to take more control over it.

1. The Indian government is planning to impose GST on UPI transactions.

2. This tax would apply to payments made through UPI that are above ₹2,000.

3. The move is aimed at bringing high-value digital transactions under the tax system.

4. Small businesses, freelancers, and middle-class individuals who frequently use UPI for payments may be affected the most.

5. The proposal is still under discussion and has not been officially implemented yet.

Drawbacks of This Rule

1. Increased Financial Burden: People will have to pay extra tax on regular digital payments, making everyday spending more expensive.

2. Impact on Small Businesses: Local shopkeepers and small vendors relying on UPI may lose customers due to added costs.

3. Discourages Digital Payments: Taxing UPI can push people back to using cash, which goes against the goal of a cashless Digital India.

4. Affects Freelancers and Daily Earners: Many freelancers and gig workers use UPI for receiving payments. This rule could reduce their earnings.

5. Digital Divide May Widen: Instead of encouraging digital inclusion, the extra cost may discourage low-income users from using digital platforms.

Nifty dropped 5% when it opened.Sensex is crashing hard, causing a lot of concern.In China Taiwan and Hong Kong stock markets hit limits and stopped trading.Bitcoin is at $78K, and Ethereum fell to $1500.Hong Kong’s market dropped by 10%, its worst fall since 2008.Japan paused futures trading after the **Nikkei** index fell 8%.

Trump's actions are putting pressure on India's economy and financial stability. Here’s how his policies could affect India and what India can do to protect itself.
Trump's Impact on India:

1. Threatening BRICS:
Trump is proposing a 100% tariff on BRICS countries, including India, which could hurt our trade.
2. Sending Our People Back:
Trump is sending Indians back home in disrespectful ways, which creates tensions.
3. US Visa Delays:
Indian citizens face long wait times for US visas, making it harder for professionals and students to go to the US.
Trump's Plan for US Dominance:

1. Bitcoin Strategy:
Trump wants to buy more Bitcoin before others do.
2. National Crypto Reserve:
He plans to create a national crypto reserve for the US.
3. Bitcoin Strategic Reserve:
He wants the US to have a Bitcoin reserve to strengthen its economy.
4. US-Backed Stablecoins Everywhere:
Trump plans to spread US-backed stablecoins to every household globally, including India.
5. Dominating the US Dollar:
He aims to make sure 8 billion people hold US dollars, strengthening the USD.

Impact on India:
These actions will likely make the US dollar stronger, which could weaken the Indian Rupee (INR). This is a concern for India's financial stability.

What India Can Do:

1. Smart Bitcoin Accumulation:
India should quietly accumulate more Bitcoin than the US. Just like Bhutan, India can do this without drawing attention.
2. Ban US-Backed Stablecoins:
The use of US-backed stablecoins should be banned in India for buying goods and services.
3. Convert to INR Stablecoins:
Anyone who receives US-backed stablecoins should convert them into INR-backed stablecoins within a set time. If not, a penalty should be imposed.

In the crypto market, there's a pattern known as the "Game of Whales," which often tricks retail investors. Here's a simple rundown

1. First, altcoins (like $SUI and $Virtual) see a small rise, similar to what we saw in late 2024.
2. Some altcoins will experience huge gains, making everyone excited about a potential bull market.
3. People start to FOMO (fear of missing out), thinking the market is going up for good.
4. After a short while, the prices dip slightly. Many think this is a chance to buy in, so they do.
5. Prices stabilize for a bit, but then a bigger dip happens. Retail investors, hoping for a good deal, buy more to average down their positions.
6. This pattern of small corrections and consolidations continues. Retail investors keep buying in.
7. Eventually, the whales (big players in the market) manipulate the prices, dropping them back to the level where the rally started.
8. By now, most retail investors have spent all their money trying to lower their average price.
9. The whales then buy up coins at a huge discount—sometimes 200% to 500% lower than what retail investors paid.
10. Retail investors can’t sell before the whales, so when prices finally recover, the whales make huge profits, and the retail investors are stuck, with little or no gains.
#Dyor2024 #DYOR🟢