Yes i agree that loans is too risky especially when you don't have an income to use in paying it the longer the days you cant pay it the higher the added percentage of charges in the capital so when you dont need money badly avoid having loans.
Most of the people apply for a loan are in a hurry. This can be possible due to a number of reasons like urgent requirement of funds for some emergency. There are possibilities of making mistakes in this hurry and this is what happens in most of the cases. |
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I disagree if bitcoin is used as a sudden savings, if it requires fiat, should not be bitcoin targeted as a sudden solution for fiat exchange, bitcoin is a future savings and not a sudden savings
I agree to this. Bitcoins should not be kept for emergency situations, you should have cash for this. Suppose, you invest about $1000 in bitcoins as emergency fund and then prices drop to half. Your money will be stuck and if emergency comes, you will have to withdraw in loss. |
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I have not faced such kind of trouble but i belive that you should to be serious and change your life style and hold the money together, get a second job or something similar.
It is really hard for a common person to become debt-free once he is trapped in multiple debts. Some people try to focus on one debt at a time while others look for debt consolidation programs. The main requirement in my opinion is to change the spending habits and learn from the past financial mistakes. |
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Best tip to save money is dont spend to much, dont buy very expensive stuff, dont buy always food just minimized what you spend everyday. Because now a days is so hard to find money. If you have a good job just save always your salary to the next days because no one now what happen next days. So be wised what you spend of.
I agree to this . Cutting down your expenses is also necessary till the time you have saved good sum. A precaution here is to avoid making any compromise with the quality of living as it can affect your health. You should try to cut down the unnecessary expenses. |
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If you save your money then it's amount will remain the same.
But in case of investing it, you can increase the money, may be many folds.
Higher the risk and higher the return.
Problem is all people do not have enough savings. If you are not able to save sufficient amount of money from current job to invest in bitcoins, it is better to look for additional sources of income. You can get another part time job or do freelance work online. There is no shortage of work provided you are ready to work hard and adapt to the changing scenario. |
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in your opoinion what are the disadvantages of altcoin ?
Following are the disadvantages of alt coins: 1) They are all trying to be the next bitcoin. If some coin has real potential, it will sell on its own name only. 2) Most of the alt coins are based on ETH platform and have done no innovation at all. |
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We all experienced a sudden rise in the whole market. is it mark of bull market ? whats your opinions ?
Maybe it is, maybe is is not. Nobody knows. We as retail investors are at the mercy of big money. The market will go the same way that has more money. The recent Bitcoin pump was due to $1.2 billion new money flow in. That amount of money raised $1,000 in Bitcoin's price in less than an hour. We need a lot more money to pump Bitcoin up to $15,000 or more. To make this happen we need more investors participate. I do not think it is possible at this time considering how most people feel toward Bitcoin and cryptocurrency. The trends are still continue dropping. If trends can correctly reflect to prices, Bitcoin would be less than $6k right now. The reason that it can maintain current prices is probably because most holders still has positive view and not sell their coins. I think that the small investors are still doubtful about investing more money in bitcoins. Big whales existed when the prices were peaking at $20000 and those bitcoins went to new investors who came after seeing the rising prices. They must be in loss now and they will not invest more before they make profit on earlier investment. |
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Do you believe Crypto Currency is changing the world?
Why do think so?
What changes crypto made?
Bitcoin has solved a number of problems: 1) It has provided us an alternative payment medium to people. Earlier there was monopoly of payment providers like PayPal. PayPl is famous for closing account without any reason and people suffered because of this. 2) It gave people an option to get huge returns on their investments. |
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Well? Let's hear it.
In between these two if I had to choose one , I will go for bitcoins. Bitcoins have the advantage that they not only offer good returns, but there is also some sort of safety associated with them. In case of alt coins, you cannot even be sure is these will exist in future or not. Also, I invest mainly for long term and bitcoin is best for such investors. |
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Guys all we think the next bull run will start soon. So maybe thats right time to invest more to cryptocurrencies. Do you agree that or should we wait more ?
I am putting my bets on Ripple and and thus investing some more money on it. If everything goes right, I should be getting 10-15X returns in an year which is not possible with even bitcoins or ETH. Even then, I invest some money in those two also just for the safety of whole portfolio. |
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is it a gambling habit that you invest more than 10k? most people that are into crypto are working and taking classes at the same time. only to take loans for school to put into crypto. should you invest more than 10-30k dollars worth of crypto? back then people are investing only 1,000 to 5,000 into bitcoin. how serious is crypto. back than i hear people opening 2nd loans from their homes. but now it has quiet down a bit.
See the income and savings of all people are different and thus they invest accordingly. $10000 might be a huge figure for some people but for others it can just be a little bit. You should however not invest after comparison , the decision should be made based on your earnings only. Regarding taking loans for crytpo investment, I am not in favor of that idea. |
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Q: Is BitCoin a Ponzi or pyramid scheme? A: No. Like any other currency, BitCoin is designed to be used as money, not as an investment. A Ponzi scheme is a type of confidence scam where people who think they are earning unusually high returns on an investment are actually being paid from their own money and that of later investors. If investors try and withdraw their original investment from the Ponzi operator, the scheme collapses because no actual profits exist and there is not enough money to return the deposited amounts. Alternatively the Ponzi operator may simply leave and take the investors' money with them. Similarly, a pyramid scheme is a type of confidence scam where people who "enroll" by paying a certain amount of money are made to believe they can make a large return on their investment by recruiting other people and receiving some portion of their enrollment fee. The scheme collapses because it requires exponential growth, so it quickly runs out of new people to enroll. The person starting the pyramid scam, who didn't have to pay an enrollment fee, makes money off of all their referrals; while the people at the bottom parts of the pyramid, who cannot find anyone new to refer, are left with no return. You explained everything in detail and I think this post will clear the doubts of a lot of people. I will share this on my Facebook wall so that my friends who had been doubting on bitcoins can get better idea of bitcoins. We should encourage these type of posts on bitcointalk forum as the forum gets visitors from Google search as well. |
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Hey all,
I've been watching Bitcoin since its inception (whitepaper) by Satoshi, and have been following the Bitcoin phenomenon grow upon the US and then the rest of the world throughout the years, and while Bitcoin had it's ups and downs (prices/usage, but mainly the fear a round it this last year) it's been a huge success and an amazing project that had withstood the biggest and strongest evil forces you can think off (governments, state judges, whales, asic companies, ...etc) and it seems to me that Bitcoin will probably have few more years it needs to suffer as it becomes fully mainstream and finally a part of our life as a decentralized currency.
Whatever happens to Bitcoin is totally in our hands, but we cannot let individuals ruine Bitcoin. Individuals like whales/51% consensus pools (company) and more. Although it's decentralized, and quite fast (with the aid of the Lightning Network of course) I think that Bitcoin Core must implement some sort of protection/punishing mechanism to make sure the status quo is not affected by the hands of those wishing to control it, and therefore doing whatever they want with it (dumping prices, withholding coins) ...etc.
It's time that developers really think hard on the state of Bitcoin and where the true vision of Satoshi (either a group or individual it doesn't matter) is. It's our obligation to remain true to that vision and make sure that deventralization at its core means true equality to its users.
Whatever your thoughts are, please share and let the community follow what's right, not what is!
We can have limits on how much can a person buy or sell in fixed interval of time. This will control the price manipulation to large extent. But actually, abusers are quite smart, they will find loopholes in any update that is done. For instance, the can cross those limits by investing on the name of employees or even fake identities. |
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After The Pump Of Yesterday This Is 3 Reasons Why Bitcoin Is Going Up ! #1 Yahoo Japan to buy miniority stake in cryptocurrency exchange : Yahoo! Japan Corporation (TYO: 4689) announced on Friday that it is entering the cryptocurrency space. The company expects to launch an “easy-to-use exchange” for cryptocurrencies in the fall of this year, Nikkei elaborated. Founded in January 1996 as a joint venture between Yahoo! and Japanese multinational conglomerate Softbank, Yahoo! Japan continues to dominate the Japanese internet industry while Yahoo! has been declining in popularity since the late 2000s. #2 Islamic Scholar Says Bitcoin is Compliant With Sharia Law as Price Surges : A recent declaration by an Islamic scholar that Bitcoin is compliant with Sharia law could be the cause behind today’s $1000 price surge, opening the market to Muslim investors who were previously unsure if the cryptocurrency qualified as money under the strict definitions outlined by scholars. Muslims account for 23% of the world’s population, with 1.6 billion Muslims throughout the world, mostly in Asia Pacific nations like India and Indonesia. Sharia Law, or Islamic Canonical Law, prohibits the practice of lending money at high-interest rates, known as usury. Debate has raged since the popularity of Bitcoin in the Islamic Scholar community as to whether Bitcoin trading was a form of usury due to the volatility and huge profit and loss margins. Read More In This Article http://worldofchd.com/2018/04/3-reasons-why-bitcoin-is-going-up/I would like to express my opinion about second point you made here. I do not think that the Muslims were not investing money before that declarations. A bitcoin investor is usually smart and educated and he will not care for such illogical bans or rules as per the religion. |
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This is a post that came from bloomberg. The news seems credible since it came from a well known site. The reason why bitcoin price fell is Japan's Financial Services Agency was said to be planning to tell Binance to stop operating without a license. Bitcoin's price felll 4.4 percent to $8,500 because of this news. Binance told Bloomberg News in January that it was working to acquire a license in Japan so there is nothing really to worry about. Binance will surely comply with that since it will also help their exchange be more reputable and legal. Link to the post: https://www.bloomberg.com/news/articles/2018-03-22/bitcoin-falls-after-report-that-binance-faces-warning-in-japanYes, any big issue with a leading exchange can cause such price drops. Recently , in India a exchange called coinsecure got hacked and about 420 bitcoins got stolen from their website. It affected the price on all Indian exchanges. Such kind of news create fear in the mind of people. |
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The last date of tax filing in the US is April 17, 2018, which is just a few days away. However, reports suggest that Americans aren’t really feeling paying their crypto taxes as being just 3 days away from the end of tax season and only a small fraction of American residents have actually filed their cryptocurrency tax reports. Continue Reading: https://coingape.com/are-you-paying-your-crypto-taxes/Many people are trying to cheat the system and I think this is kind of protest against the harsh ruling of various countries. However, in my opinion the risk is not worth taking as governments are very powerful and a common man can get in huge trouble for tax evasion on crypto investments . |
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A law to ban the use or trade of cryptocurrencies in India has to come from either the elected governments (whether central or state) or the judiciary (Supreme Court of India or the State High Courts)."
I thought this was good news because of the recent FUD, despite everything.
Let me clarify the doubts related to this: 1) They have not mentioned the ban word but indirectly they had put an end only. They asked banks to stop all their business with entities and exchanges dealing with crypto. This means that people will not be able to withdraw or add money to these exchanges from bank accounts. 2) Some people are saying that now people will start using cash for these transactions. If this happens government will ban it completely. |
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just wondering when Will Ethereum reach 1200 again? Is there any upcoming news about ETH that might lead to price growth?
This will happen by the end of this year. I was hoping $2000 this year in 2017 but all coins are performing badly for last 3 months. Even ETH is affected by this which is disappointing for current investors. Also, I am sure that bitcoin prices will also recover now and thus most of the money will go towards it only. |
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I believe merit system was created to cleanse the forum and yes ranking up became harder to attain but posts made after the merit system are more sensible and helpful. A "change" for improvement is hard to accept at the start of implementation but people will get used to the "change" as days pass by.
I do not agree to this completely. Some members are malign quality posts in hope of merits but rest are still spamming only. Also, as soon as a member gets the desired merits for next rank, he starts with past approach to increase activity. If you go thorough the recent discussions in bitcoin discussion or alt coin section, you will find a number of people posting one liners just to increase the post count. |
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I think that merit system is quite difficult to others but for me merit sytem is quite challenging it make you more challege to post constructive and more high quality post. The harder you work to gain for merits the better to do your very best. That's why i will do my best to gain those merits so that i will rank up to member up to legendary. good luck to all like me who wants to rank up. godbless
It should be seen as a challenge or we should not try to push for it. Just make relevant posts and you will get some merits for sure. Also, do not expect instant results. I keep getting merits for some posts I made months back and I am sure this happens to other users also. |
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