The lack of financial education in general is a worrying problem. We teach students about literature, maths, science, ... and we tell them that those are the things they need to know in life. Yet usually, the largest single expense they will have on their lives is a house, and that normally comes with a mortgage. Yet, only a few schools will tell them what should they be expecting, the risks and the consequences of such a contract.
Bitcoin and alts is another case in which people are carefully kept in ignorance by the governments and lobbies.
What can we do to make more people interested in economy and finance and to better educate the youth so that they don´t get ripped-off?
Basically, if we wanted to make more interested youth in and finance, we should start it at school for obviously it is not being teach at home commonly (but it's a must). We should engage or students in a fun, interactive and smart activities that will help them to understand this serious possible problems in a light way. APPLICATION is very important to develop a certain skill, theorys are not enough. |
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Forums are being filled with speculation, almost all topics that appear lead to falling bitcoin prices, whether this will continue, this is the right time to buy, blah blah blah. Come on, the storm must pass, let us focus on the positive topics instead of continuing to discuss this 50% decline. Start talking about the positive news from Singapore deputy, bitcoin that has gone up 20% today and others. Think positive and positive things will come.
Well, these was actually correct, when we think positively, we will probably attract positive things. However, our common reaction for example, about the hard price drop will probably be negative. Whatever happens, all these things, inflation and deflation, will continuously appears within the system of cryptocurrency. What we need to do is to keep calm and w be aware in these changes. |
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About virtual currency, there are 03 different understandings:
Money is unmanageable, no physical shape and is used in electronic environments, it is called virtual money.
The type is not real value, not guaranteed by cash, gold, and valuable assets.
The money is usually used to pay for games in electronic games, each type of game has a different currency and they can not be used to exchange for each other or to bring out the electronic environment to buy. Other service products are.
The concept of virtual money is born, widely used and most often by the third interpretation itself. With this kind of money, the balance can be managed and easily changed by the issuer without affecting the financial or market economy.
In general, virtual currency is way too far from our traditional money. Whatever happens what we need to know is that it runs by the use of technology and without these applications everything was useless. To understand its difference from our traditional money I suggest to visit this site about 10 things to know about virtual currency Bitcoin https://m.hindustantimes.com/business/10-things-to-know-about-virtual-currency-bitcoin/story-gB2imQAXcUPIegGlCGslQI.htmlBy these time it's making noise to our society and influence almost all of us even the big companies in the world but how these new trend become a massive energy hog? Visit this link to know more about and share knowledge to our fellow crypto users. https://www.pri.org/stories/2018-02-04/bitcoin-virtual-currency-has-become-massive-energy-hog?amp |
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Upon the educational level bitcoin is used a little. Whether it's a economic class or other classes doesn't matter and there are several institution where students are making their thesis on cryptocurrency. I came to know about this through one of our forum member who often conduct survey for his master's thesis.
Actually, I had a friend in Senior high school who use Cryptocurrency as their topic and they find it hard to conduct since it was a new trend. Also, data that are related to Bitcoin is insufficient therefore using it as a topic is difficult. However, we cannot discover, solve or explain something without starting a research or study. This is a great challenge and fulfillment to the researchers if they will succeed so that we should support these studies. |
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How Bitcoin Can Change The World?
Generally, Bitcoin revolutionize the world of currencies, introducing this new platform to the digital world, way too far from traditional practices before. Bitcoin booms as digital money takes place. This serves as the opportunity for Bitcoin to be known worldwide. It comes with alien features that we couldn't find to our local currencies that make it unique. Seems like a new start for further discovery with our new technologies. |
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I think they will ban bitcoin because of the fearful that may affect of the economics of my country but i disagree there opinion because working bitcoin is very helpful for me especially the support financial.
Here, In Philippines the organization that is responsible in terms of money, Bangko Sentral Ng Pilipinas, reports and warned the people about this new trend, cryptocurrencies. So far, our government didn't find Bitcoin as a virus that should be eliminated but as a threat that can affect their countrymen. Though it was banned in some countries, we should be open to the opportunities that it will bring. If w use this in senseful and logical way, this new trend will bring us to our country's success. |
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In the morning I read the news where one of the leading multinational finance company stats that the “Bitcoin & Other Cryptocurrency will be zero”. So is it possible? If possible then which instructions should be followed getting out of debt?
I don't think that Bitcoin will be zero in price. Though it will dump so hard, it is too far from its original price before. This make every long and short time investment possible. As of now Bitcoin price is gaining its losses and will probably back to 18,000 dollars soon. This is a good sign for the comeback of Bitcoin this 2018. |
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Everything is possible if we do an action. There will be no results if we don't have any move. Bitcoins greatly impact our economy because of its trend and this is a great opportunity for it. If we all engage in cryptos, we can be financially stable if we are just hardworking. However, all of your hard work is nonsense if you don't know how to use it |
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I don't think it will happen for there there are still other alts out there, we are not sure about the future of Bitcoins if it will be fully succeeded or not. Maybe the usage of money will be lessen but there will be paper money still. Because of this changes in our society, there is a bigger chance that we will probably use digital money or crypto currencies. |
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According to my friend preev.com, as of press time, the value of Bitcoin is standing at $2,351. Though I would say that this still considered as a feat, some are worried because it almost reached $2,800 again after the correction that happened days ago.
I have read that the decline can partly be contributed to newcomers especially neophyte traders who still have to be well-versed on the market...and can easily be ignited to do panic selling once they can fell that anything can be wrong.
Against this backdrop...are you holding on to your Bitcoin or transferring it into another digital currency?
Sir before working with crypto currency it is important for you to know that Bitcoin is extremely volatile, its price changes in every single period of time. Even it dumps hardly, we can assume that it will be back to normal after all. and you shouldn't panic about that for it is dangerous in business or work. |
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What are the reasons, why people use Cash or Credit Cards / ATM / Banks?
* Work offline 100%
* No fees.
* Accepted for Food Shopping & Micropayments
* 0 confermations time
* 0 exchange risks
* anyone is able to understanding of the value of payment
Somehow, cash is better than Bitcoin but Bitcoin also have advantages that cannot find on cash. Cash is more secure and traditional compared to Bitcoins. However, if you have cash, it will never change its value what ever happens unlike one Bitcoins. It is very volatile and I guess it was a good thing for the probability of having greater profit. |
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I heard that bitcoin is a good investment for making a huge profit in the future , is that right ? Because i want to buy some bitcoin in these days .
I think that Bitcoin is good for short and long time investment for I believe that it will not lose its value even it dumps. We can use the opportunity of investing if the price of Bitcoins pumps for in that way we can earn bigger profits. Keep in mind that the perfect time to buy Bitcoin is when Bitcoin price dumpa, to be practical. |
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Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:
Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?
I think the usage of future money will be lessened but it will not gone permanently in the future. Not because we are expose to new technology and advancement we are not going to use paper money. There are still stuffs that needs paper money rather than those technologies. |
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Definitely it is too risky but the decision is still yours. Actually you can expect a big profit but on the other hand you can also expect a big loss. It is better to put half of it into another wallet while the other half on Bitcoins so that you can have backup if unexpected things happen. It is good to have plan A and plan B. |
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Hi guys! Can you share some tried and tested tricks on making the most out of your buck and also some tips on how to save money more effectively. This will be a heck of a help to our fellow users here. Thank you so much.
SALARY - SAVINGS = EXPENSES. I got this formula on a TV show that I had watch several days ago. This episode tackles about 10 tips to lessen our expenses. I found it very interesting for it was so logical yet it is not so easy to apply it to our lives. It was stated that before consuming your money into various expenses, you must keep at least 20% of your total salary first. I think this was a good question for it was so realistic and very senseful. |
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Bitcoin prices have risen so dramatically lately.
In this situation, I expect to be able to purchase a bit coin, and I think the price will drop soon.
That's why you need to monitor these changes so that you can know when to buy and sell Bitcoin. The rule is just simple, you may sell it whenever it price pumps and in contrast buy if the price dumps. Also, you may try to hold some of it but I want to remind you that it was too risky, hold the amount you can afford to loose like others always said. |
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is not that bitcoin able to change the state of its users which effects also on the state of the country's economy, why even banned hemzzz   I think their major reason is because it was so risky given the fact that they don't regulate it. Maybe they just concern about their countrymen that's why they banned Bitcoins. There is also a possibility that it is because it has no tax and they cannot earn money from it. Hopefully it wasn't their reason. |
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What would you do when you're talking to someone but then he suddenly talks about his hatred on Bitcoin, what would you react to it?
I've never actually experienced anything like this before, I just want to be prepared when it happened to me.
Just never mind them. We cannot blame them because their first impression is normal like what I and I think many of us do. Maybe they don't believe these crypto currency because of the traditional living that they are doing since they was born. This became an alien to them especially those person who don't know even a little about it. |
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when ever I found any news about bitcoin it is negative news , i am confused why traditional mass media always against bitcoin ?
I don't think that media in general is against Bitcoin. Instead, we can say that those who moderates that certain clips or articles are the one who against Bitcoin. We cannot blame then because they choose to be against with bitcoin. Maybe they have businesses that may affect because of Bitcoin that is why they did it. |
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lets give your comment...................
I believe that it will reach million again when it pumps. Based on what it was exhibiting right now there is a big chance it will happen. This year can be an opportunity to many investors so that they should not waste this and watch for this changes. Maybe we are experiencing price dump these days but we can assume that it will be back to normal and pump gradually. |
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