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141  Economy / Economics / Re: Bitcoin Bounces Back Above $6500 After BlackRock Creates Crypto Team on: July 18, 2018, 07:11:16 PM
Well right now we are above the 6500$ and above 7000$ .In the mist of this ,many people are of the view that the great predictions for the year are about to see the light of the day.As this is a move in a positive direction and most cryptocurrency enthusiasts are glad about this trend.

The prediction of cryptocurrency analyst are actually happening today and bitcoins might really reach $50k dollars before the year ends.
142  Economy / Economics / Re: When will people feel comfortable using BTC ? on: July 18, 2018, 07:10:19 PM
When will people spend BTC as easily as fiat , not seeing it as an investment opportunity but a better currency for them to use ? Most of my friends that I have currently told about Bitcoin are most intrigued by its rapid rate of growth and not its outstanding features as a currency. They don't really care that it is free from government control , but are more focused on the fact that it has risen xy%

I don't really spend much of my Bitcoin , because I am always in fear.
I am not talking about cashing out , but for digital goods.

How do you spend 10 mBTC on a 5$ digital good when you believe that the same 10mBTC is worth atleast 15$ , probably more.
How much of your Bitcoin have you hoarded , and how much have you really spent ?
I am under the impression that people tend to hoard more with BTC than with fiat , considering it an investment more than a currency

I don't know how to make a poll here , so :- http://strawpoll.me/1793917
This is not referring to your blockchain.info statistic , which includes money you have moved around. I am looking at money you have truly spent vs total amount of BTC you have received.

Overall , I'm trying to look at how much my guess is true by the poll and your estimates of when majority of people will start looking at BTC as a currency.

EDIT : I'm not sure this is the right section , tell me if this should go in General Discussion or so.

People will be comfortable on using bitcoins when  government on their country will fully legalize bitcoins because some people are just scared to be caught and might go to jail by breaking the rules.
143  Economy / Economics / Re: Factors that affects the value of bitcoin... on: July 18, 2018, 07:01:17 PM
Hey guys,  i need some suggestions and opinions about this.

In my own opinion, most of the reason why people are preferring to sell their coins is FUD which is spreading all over the country, this people are not optimistic which leads them to lose their coins by sell at its lowest price.
144  Economy / Economics / Re: Is NOW the best time to buy or enter in bitcoin? on: July 18, 2018, 07:00:23 PM
According to this article the previous year middle of September bitcoin price was $3,300. It is very interesting for me how much bitcoin would cost this middle of September 2018.

The price today bitcoins is slowly increasing but the value today is still decent enough to invest a huge amount of bitcoins and you will surely earn a huge amount of profit after a few months.
145  Economy / Economics / Re: Would a global disaster increase or decrease the Bitcoin value ? on: July 18, 2018, 06:55:02 PM
Hi ! First message here.

If a global disaster would happen on earth ( And I somehow don't wish it ) Would the value increase or decrease ?

I'm not talking about solar flares or EMP. But more like big wars or great natural disaster.

What are your opinions on the subject ?  Cheesy

In my own opinion, global disaster can only affect a specific cryptocurrency because if the plant of the coin has been destroyed by a disaster then obviously the block chain will slow which will make traders unable to trader or send transactions.
146  Economy / Economics / Re: Government regulation on cryptocurrency, GOOD or BAD? on: July 18, 2018, 06:50:14 PM
I came to a realization that government had stepped in already in some countries who are accepted and acknowledge cryptocurrency existence. In fact they made a regulations that has made some negative and positve reactions over the implementation of cryptocurrency regulations like doing KYC (Knoy Your Client) on local exchanges, Registering ICO projects to the government agency concerns and etc which purpose is to prevent illegal or abuse in the use of cryptocurrency from money laundering, funding terrorist groups and etc. Well can you say about this regulations, GOOD or BAD?

In my own opinion, government will always create regulations depending on how the economy works on their country so the regulations might affect the investors and traders in a negative or positive way depending on their decisions.
147  Economy / Economics / Re: Gold & Silver are safe than bank deposits ?? on: July 18, 2018, 06:49:04 PM
Note: See on the right side of each post (top right corner) there is "+Merits"

I think now fixed deposit interest rates are less than 5% p.a in USA and Europe. In India fixed deposit rates are 6.5%.

Gold and Silver gives average profit of 8% to 12% per year. Silver will most likely give 20% to 30% profit each year from here on to reach $60/ounce.

Example:

Profit for gold and silver for year 2016 is 12%.

Profit for gold and silver for year 2017 is 0%

Profit for gold and silver for year 2018 is 8%

Profit for gold and silver for year 2019 is 16%

So average profit for 4 years is +9%


How secured/safe are investments in gold and silver if you decide to remove/withdraw your money from banks fixed deposits and invest them in Gold and silver ??

In my own opinion, investing on gold or silver will be so risky for your life because people can just stole it from you forcely while money in the banks are safer since it can be converted into digital currency.

148  Economy / Economics / Re: Bitcoin and Future of Economy! on: July 18, 2018, 06:47:36 PM
Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?

Bitcoins is goo for the economy because it helps people to cover up their financial problems and most of the traders are going to earn profit if they only knew how to trade very well in the market.
149  Economy / Economics / Re: So many cryptocurrencies ! on: July 18, 2018, 06:46:53 PM
yeeesss there is  definitely  too much cryptocureency  and  even  that i  think there is no  reason of being that  much  in  number so it is just waste but however we  don t have what to do so just what have to do ıs pıckıng up for yourself the best one and the most valuable one.

There are always new cryptocurrency that is being introduced by different ico's every month and it only means that bitcoins today is really profitable because it is widely used by different people.
150  Economy / Economics / Re: The money started coming back to the cryptocurrency market on: July 18, 2018, 06:44:52 PM
Well yeah, i guess we can say that the bull market is starting and bear market is gone. But then it's still too early to be celebrating. But three weeks into the third quarter we see all green. I just hooe we see a strong momentum and not just multiply the price but exponentially increase it.

The prices today is starting to pump up again, it only means that bitcoins will still grow even more in the future just like want is happening every year before it ends.
151  Economy / Economics / Re: Why people are still buying BTC? on: July 18, 2018, 06:44:08 PM
People are invested in bitcoin in many ways.
They see good reasons to stick with it and most of them are thinking long term.
Things crash from time to time, it doesnt mean they are dead.
And besides that profit isn't the main focus for most of the old dogs of bitcoin.

Most of the people today believes that cryptocurrency does really have the bright future and all the investors are going to earn a huge amount of profit in the future.
152  Economy / Economics / Re: Predictions Markets? on: July 18, 2018, 06:11:43 PM
Does anyone here use prediction markets?
Or have experience building one?
 
Augur has gone down hill, so I set one up myself:
NINJA
Link: https://ninja.org/




The market is starting to grow today and most of the cryptocurrency experts are expecting for the price of bitcoins to reach over $50k dollars because more people this year are legalized to invest.
153  Economy / Economics / Re: What are your plans for the next 5 years in Finance? on: July 18, 2018, 06:11:05 PM
I want to have "Passive Income"
I will raise capital to build a business that can provide me with passive income, so in my old age I do not need to work to earn money, how about you?
do you have an idea to build a business that can provide passive income with minimal capital?

Obviously, everyone wants to have a stable income and because of that, i prefer starting my own business with a good amount of capital coming from the profit i earn on my cryptocurrency investments.
154  Economy / Economics / Re: What profit has brought you to bitcoin? on: July 18, 2018, 06:10:08 PM
What is bitcoin? This is the first cryptocurrency that Satoshi Nakamoto opened to the world in 2009. And if even before 2011 it was used exclusively by programmers, then later it became available to ordinary users. Over time, more and more users of the Internet began to learn about it and investments in bitcoin only increase every year. There were times when the value of this cryptocurrency did not move from a dead point for a long time, as well as there were sharp UPS and downs.
It is interesting to know how many people have known about bitcoin since 2009 and how long have you been investing in bitcoin?
What percentage of the profits is brought to you by early investments in bitcoin?


I earn a huge amount profit before in credits campaign which is my first bounty campaign to join that has been referred by my friend and from there i truly believe that cryptocurrency has a bright future.
155  Alternate cryptocurrencies / Altcoin Discussion / Re: Why I do not panic when the market falls on: July 13, 2018, 11:13:08 PM
For some reason I am sure that the price of the crypto will rise, so I hold it, I did not see any analyst who did not have the same opinion as I do, but thing that motivates me the most — is when I start comparing the whole current situation with the Dot-com bubble, the fact is that this bubble busted reaching 6 trillion dollars, the crypto reached only 830 billion yet, in its peak. During Dot-com bubble only middle and rich class had opportunity to invest but not all, in the crypto everybody can invest, regardless of country and day time and it also can be done anonymously from jour home computer, so I think that this is all just the beginning and the real bubble is yet to come, it is not known when it will come — in five or 10 years, but I hope that it will.

Panicking when the market prices are dumping are just for amateurs because the market will still go back to the market due to the volatility which is mandatory in order for us to earn profit.
156  Alternate cryptocurrencies / Altcoin Discussion / Re: my ether wallet pvt key just hacked on: July 13, 2018, 11:12:21 PM
last night some hacked my pvt key and steal all my eth and major eth tokens

can I secure my eth address or its now in control of hacker ?  Huh

The only way for you to be hacked if you are using a mew wallet is to recklessly reveal your self on a phishing site, because most of the airdrops today are just scam and it is one of the way for you to get hacked.
157  Economy / Economics / Re: What will happen to bitcoin? on: July 13, 2018, 10:49:09 PM
Bitcoin at the present time resembles as a bubble.Once it goes up, it immediately pops out.  It is normal that the price of bitcoin gets down but it's been a long time since it is on its original value or higher than its real value. Those who invest these past few months are suffering a lot of loaaes and they are losing hope that bitcoin will continue to drastically decrease in value.  Do you have guys some advice for me? It will be really appreciated and I will be eternal grateful.

Bitcoins has a bright future because there are a lot of people today who are investing a huge amount even the market price is dumping because most of them believes that the price will grow again after a few months and they will earn more profit
158  Economy / Economics / Re: The panic seller irony on: July 13, 2018, 10:48:04 PM
I know some coworkers that sold BTC today, they are real casuals, they got into BTC because they heard it went up a lot, they don't know even to set a local wallet so they store their coins on Coinbase or wherever the fuck they buy at.

Well, they sold today at at the dip near the $4000 double bottom.

The irony is, these casuals are the ones that are always complaining about how it's unfair that BTC is distributed in the hands of few whales, YET, they are the ones that constantly panicsell and give their cheap BTC back to these same hands they are complaining about, because guess who is profiting the most on these dumps: whales. They buy lots of cheap BTC.

If you want whales to stop having so much BTC, don't panic sell or you will keep feeding them. Just focus on your own portfolio and keep stacking BTC on the dips. In the long term, we will win.

Panic selling is only for people who are not well knowledgeable in the market because most of them cannot handle the pressure in the market and they tend to sell their coins at the lowest price.
159  Economy / Economics / Re: Does engaging with bitcoins put you at risk? on: July 13, 2018, 10:39:01 PM
We, as physically and intellectually healthy individuals, strive and survive to achieve our dreams, establish our roles in the society and fulfill our needs and wants. But in order to do this, we are also required to be financially healthy. The lingering fact is that money is not achievable as a single candy you can buy in the store. Sometimes, people risk their lives and reputation just to get a handful. Bitcoins are not officially a currency that you can just see in a certain country, that are being utilized and used. So, is dealing with bitcoins and other things related to it also puts us in a risky gamble?

Absolutely yes, the risk you will be taking will be always depending on how much money you are going to use as a capital for investing in cryptocurrency.
160  Economy / Economics / Re: Wall street traders and bankers are bitcoin's enemies. on: July 13, 2018, 10:36:03 PM
Wall street and bankers are bitcoin's enemies.  

As a means of maintaining value, in the present bitcoin has been defeated.  On 12/17/17 btc=$19379 and today 7/11/18 btc=$6345.  A drop of $13034 or $501/week.  I bailed when I looked at the slope and the previous 2 weeks saw 5.05%/week drop.  Right now the the $501/week average amounts to 2.57%/week.  

One would be an idiot to leave money as bitcoin while it's losing value at 2.57%/week.

Bitcoin's enemies did this.  Wall street brokers and bankers used media to boost the value of bitcoin approaching 12/17/2017, when trading in bitcoin futures took effect, then casting shade driving bitcoin down, classic pump an dump.

I tried buying a few stocks years ago when my bank allowed trading.  I figured oh, no traders to deal with, I was wrong.  Buying a  few stock saw unexpected fees that made the whole exercise a bust.  This was years before bitcoin.  And moving money, the international fees were horrible.  That's why Wall Street brokers and bankers couldn't allow bitcoin to stabilize and rise in value.  They don't want our money in btc.  As fiat currencies increasingly continue to be watered down while money is pumped to the top 1%, the fixed quantity of bitcoin should only allow it to win.  At least that was the case until bitcoin futures trading took effect.

Will eliminating bitcoin futures trading fix it?  Big deposits and withdrawals will still work to pump money out even without bad press to drive value down.  Still, stopping futures trading will kill the incentive for some bad press.  

Early on bitcoin was the place to be when  there was trouble.  That sure changed.  Right now with trade wars a reality one would think money would be heading to bitcoin in a big way.  Why isn't it?  Who's ox was getting gored that that changed?

soy39

(the 39 unrelated to red lining implications - though that 17/17 does bring a pair of grim reapers to mind)


Banks are afraid of bitcoins because if most of the investors will focus on cryptocurrency then their business might go down since there will be less people who are going to place money on the banks.


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