Consequently, we will probably suffer from its effects, and massive inflation is to be expected. The Corona crisis led central banks to print money en masse to prop up the economy. If then at least 50% of all miners install the code on their mining computers, the new algorithm is considered accepted.Įspecially with the limited number of 21 million BTC, the technology hits a nerve. The digital currency and its blockchain function completely democratically. I see the current market something like this:Ĭontrary to the disadvantages, Bitcoin nevertheless offers more advantages from today’s perspective. But does that also mean that Bitcoin is priceless? As described in other posts, I find the blockchain fascinating and I think the value of this technology is priceless. While I still have fractions of Bitcoin, I am not at all convinced of its current value. If you read my blog, you would think that I am a bitcoin disciple. Because the higher you rise, the harder you fall and a possible Bitcoin collapse or the bursting of a bubble in the stock market should always be taken into account by investors. It should outrage and shake you awake, if you permanently think only optimistically. This article describes some aspects that you should not close your eyes to. The current situation may drag on for years and prices may continue to explode or they may collapse tomorrow. Probably no one is because the entire market is driven by emotions and influenced by mass psychology. I’m certainly no expert at predicting bubble bursts. But with all the euphoria, some negativity and drama should be allowed. Bitcoin collapse sounds really disturbing. Those parents will receive up to 85% of their childcare costs back before their next month's bills are due, the Department for Work and Pensions (DWP) said.Dramatic title, thrilling image and intense music (□ dum □ dum □ dumm □). Parents eligible for help through the Universal Credit system will be able to claim back up to £951 for one child and £1,630 for two or more children - an increase of 47% from the previous caps of £646 for one child or £1,108 for two or more children.Īnd parents who are eligible for support will also have some of their childcare costs paid for upfront for the first month if they either become employed or increase their work hours, in a move designed to help those struggling to take on a job or getting into debt under the current system due to the hefty upfront costs. People on Universal Credit will see their maximum childcare payments rise by nearly 50% from 28 June as the government tries to get more people back into work. She explained that lenders were pulling deals as they reassess their propositions, and they're "trying obviously not to be too low, nor too high".įamilies on benefits will be able to claim hundreds of pounds more in childcare payments from the end of June, the government has announced. Moneyfacts finance expert Rachel Springall told Sky News "volatility in the market" had returned, and fixed-term rates were now creeping up towards 6% - up from an average of 3% a year ago. "We could get an email at 2pm or 3pm saying we've got until 5pm to get our mortgage applications in at the current rate or we're going to be subject to the new pricing, and the trend seems to be upwards at the moment," he said. Since inflation figures came in higher than expected last week, lenders have pulled around 400 residential deals, according to Moneyfacts.ĭirector of R3 Mortgages Riz Malik told Sky News some lenders had been giving just a few hours' notice to brokers before withdrawing deals from the market. More now on mortgage rates following a warning to home buyers/owners this morning (7.15am post) that they should act quickly to secure a deal or renewal.
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