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21  Economy / Economics / Re: Will bitcoin change the distribution of wealth in the world? on: May 19, 2018, 11:42:02 PM
There is no way for the openly distributed monetary system to fix inequality of wealth distribution.
How can you prevent already rich people from buying more coins - there is no way for us to enforce that kind of regulation.
It's true that Bitcoin at the beginning was dirt cheap, some lucky people are not extremely rich, but that doesn't help solve inequality problem.


It's hard to create a balance in the economy of the people. Wealth is not distributed fairly in the world. This is known by everyone. Changing this can be possible with blockchain method and cryptocurrency usage. We will see what's gonna happen soon.
22  Economy / Economics / Re: A government can create a cryptocurrency ? on: May 17, 2018, 12:48:42 PM
The beauty of crypto currency is that any body can create a coin including the government of a country. The cryto coin can not be treated like the fiat currency because of its protocols. A government coin will be like coins backed by whales.   They will have more acceptance by the citizens and other interested people in other part of the whole.

Governments can craete cryptocurrencies as a national money. They have this intention because I remember last G-20 meetings. They will be adapting int the new era of money of course. They won't miss it this time, yet this won't happen instantly.
23  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Wish I never bought altcoins on: May 17, 2018, 12:39:40 PM
Sadly one of my friends have that same feeling. He jumped into cryptocurrencies just to make money and he dropped like 1/3 in dollar value. Now he regretted getting into altcoin markets he seek for bitcoin investments.
Many people jumped into the BTC market by the end of 2017. At that time BTC prices soared to as much as $ 20,000. Many people became rich and they introduced many people to join. They came in and bought at high prices, but unexpectedly btc prices fell more than half. And now many have lost money and regretted it

Jumping into bitcoin is not a bad idea but having altcoins is also good. Sometimes altcoins are faster than bitcoin and they can give much greater profits to you compared to bitcoin profits. This is a fact to prefer altcoins.
24  Alternate cryptocurrencies / Altcoin Discussion / Re: Patience is the key on: May 17, 2018, 12:04:39 PM
Everyone can be a winner in the crypto world and one of the keys is patience. A person who is patient will not be afraid if his investment falls and will not be in a hurry to sell it. Play it slow and save may sound boring but in reality that's the easiest way to do and can be done by every
Patience alone would not make you successful.
What you needed most is to be smart because that would dictate you to hold as you are confident on your decision to invest.
Investing is not easy because of the high risk associated but we can still succeed as long as we find the right strategy.

Patience itself is not enough, this is true. But without patience, you can never be successful in this survival system. We must learn how to be patient for our trading positions and coins. This will transport us to the desired point.
25  Economy / Speculation / Re: Will Bitcoins hit 30K before the end of this year? on: May 17, 2018, 11:24:32 AM
30k dollars is very possible to happen before end of this year 2018. Because if we see the price today is $8000 plus and possible the price of the bitcoin become $15,000 this month . If we want to see the price become $30,000 we need to buy and to hold our bitcoin because if the price increase everyone will gets high profit.

If we're talking about the peak price of bitcoin, this is probably right. It can touch that regions. The important part is actually being there permanent, if this happens, the image will be much more positive for bitcoin.
26  Economy / Trading Discussion / Re: Trading Tips for Beginners on: May 12, 2018, 04:04:17 PM
You can be a beginner but you shouldn't get trapped by the other people wanna exploit you.

--Stay away from market manipulators.
--Don't think all the people are saying the truth in the forums.
--Don't get trapped by twitter traders. They always want to use you in their own pump and dump job.
--Always reduce your own risk. Don't take extreme risk.
27  Alternate cryptocurrencies / Altcoin Discussion / Re: Girls in the world of crypto currency on: May 12, 2018, 03:44:39 PM
I have been trading crypto-currencies for almost a year now, investing, participating in bounty companies and building my own mining farm.
I wonder how many more girls are in this forum?
Or who of the guys is teaching his girlfriends and wives to invest and trade in crypto-currencies? It is very interesting to me!
In the starting when I entered in this field of the cryptocurrency then I found that people are in enjoyment of Thier own success and they are not thinking about to spread the knowledge that we should do to make Cryptourrency more famous .
So I started a facebook group at that time and I found that monthly 2-3 girls were entering in the group and getting knowledge about cryptourrency to make better decisions to make Investment in good good assets .
But right now I have friend circle in which avoids 400+ are girls who are traders in this field and rest of them are young boys of age ranging 16 year to 28 year .

We need women power everywhere. Cryptocurrency community consists of men in majority. If this change happens, the market will be stronger and we will have more crowded community. We need to attract more people for this.

The market will keep expanding next years too, it should!
28  Economy / Speculation / Re: Saving for your Children Bitcoin vs Cash? on: May 12, 2018, 03:05:49 PM
Like every parents want to leave something for children for their future.

Which investment is safe?

Bitcoin?
Stocks?
Real Estate?

If your plan is to invest money for the future of your children, like their education or even a property it is better to choose something that is not as risky as bitcoin, I know that the profits that you can get with it are incredible, but are you willing to gamble the future of your children in bitcoin? I don't have any children that is why I can take more risks than the majority of people, but once you have children you need to take safer choices.
All of them are ok if you can. The aim is to save something for children and doesn’t matter cash, bitcoin, property or stock. I want to earn first from bitcoin and then buy some property for my family so that will be able to have their own house in the future and the best thing is to start some regular business, so that children will be financially safe.


Saving something for them is better than not saving anything for them and spending all your money in your daily life. If you save fiat money, the power of that money will be very low after years due to inflation. If you save bitcoin or ether, this will be much more valuable in the future for your children.
29  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Altcoins Under $1 on: May 11, 2018, 03:37:22 PM
To invest under $ 1 it seems like the most crypto money ripple. It's been a bit too late lately, but I think you'll pack it over time. Of course you can expect to earn higher revenues in a short time, but you can also evaluate other crypto money.
for ripple though it can get to the $ 1 price but takes a long time and a long process. it can not happen immediately in the near future because ripple coins now feel heavy to improve the nutrients in the near future.

If ripple goes to $0.3, I can buy some but the price is expensive now. It's a clear hype. Nothing advantageous in ripple. Some people hyped it and then the others started to buy it. Flashback, the sharp decrease from $3.2 to $0.6 obviously.
30  Economy / Economics / Re: How to manage the risk in investing cryptocurrency? on: May 11, 2018, 03:19:59 PM
The risk in the virtual currency market is the risk of losing some or all of its capital when the investor performs the investment or virtual currency transaction. Identify the risks before conducting a transaction, helping them to know the specific loss rate in each case of investment will be how to, minimum and maximum how to decide the scale of investment, the first time investment, time of investment completion, and other relevant factors.

Just bear in mind that all kinds of investment is risky and it also includes digital currency. I believe that we must all gain enough knowledge about crypto first before joining the battle. We must be always prepared to take all the risks because we won't be able to gain a good profit if we are always afraid of the risks that we might face.

The risk is coming from the nature of this business. Nobody opposes this. Sometimes we make many mistakes in a row, then this bring us to a point where we need to get some professional support from other traders and market influencers.

Sometimes we can't make decissions well.
31  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Which coin now you think had a good future on: May 11, 2018, 02:30:20 PM
I think that ADA has a great future. This is a very strong and promising project. Many analysts say that this coin can become a serious competitor for ETH.

ADA is good, Monero is also good. Eth is known by everyone already. I cal also add SONM, MTH type erc20 tokens for the future. They can make shinny moves becaue their business plan is very good.
32  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum, Ripple or Litecoin? on: May 11, 2018, 02:12:20 PM
if you want to trade it daily, make profit daily, you must find coin that have more unstable price than them. and there are many coin, and every place have different condition.
if want to hold for long time, maybe ethereum is best choice. ethereum have good potential and it can break the previous value.

1. Ethereum
2. Litecoin
3. Ripple

The counting would be like this for me. Ripple would be in the last position. Ethereum will be the dominant power of the whole market soon and we need to take ethereum serious now, before missing it.
33  Economy / Trading Discussion / Re: was trading beneficial for you? on: May 11, 2018, 01:26:14 PM
For all the people who started trading with dreams to become rich.
How has your journey been so far.
Was there a net profit or loss till now.
Do mention from when you started trading and what amount in total did you loose or gain.
Also some mistakes that you would never repeat?


Of course trading provides me a lot of benefits that is really helpful for me to sustain our daily needs in life. I believe that through trading, my life could change a lot more to better. I may have mistakes on my first tries but I have learned a lot from it which is really helpful for me to gain a good profit both emotional and financial.

It was always beneficial for me, I had opportunity to meet some live expenses with crypto trading. They provided me some little income at least. I count myself lucky in this. I think I could have done it better too.
34  Economy / Speculation / Re: what affects the price? on: May 10, 2018, 12:46:06 PM
So many bad news and rumour about bitcoin. China ban bitcoin, Korea ban bitcoin, FB ban ICO ads, Twitter ban ICO ads, India ban bitcoin, Child abusive video on bitcoin blockchain. Those are the example of such news/rumours which have a high impact on btc price.  

with that bad news, I think it will make btc price getting down but I still believe that bitcoin is really strong and even if there is any bad news is released, bitcoin will always back to the highest price. actually, the bad news is giving a chance for us to buy bitcoin at the lower price because after the bad news is solved, the price will increase again so we can sell it to make a lot of money. whatever is happening with bitcoin will always affect the price and the price itself will up and down as usual.
Yes I have also observed that many bad news from many bigger personalities and entities came but still the price of bitcoin is in the forward direction. These bad news affect the price at that time for a shorter time period but after a few days and weeks the price of bitcoin again start to increase higher. That is the point that we say the future is of bitcoin and it will be the global currency in the future.

The price is affected from lots of things, speculation, market move, trends, interviews, regulations, bans, government decissions, news, media, social media, TV news, venture capital news. Factors are many for the price change.
35  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum: Good alt or stay away? on: May 10, 2018, 12:24:27 PM
Ethereum is great altcoin after bitcoin itself, see the value now. Try not to stress to contribute or exchange on eth, simply take in the technique and practice. Know your expertise and deal with your outlook additionally cash to get the best intend to contribute/exchange. Eth will develop as bitcoin itself, discover the chance to get some benefit. Spotlight on eth news, hone some methodology and dependably find out about hazard. Have a pleasant day.

ETH is definitely great. I am not talking only about the price. I mean its Smart Contracts and the ability to create the other coins using Ethereum platform. The cryptocurrency will be going up and it is very profitable.

ETH is great and it paved the way for the crypto awreness in the market by attracting millions of people from the world. And more blockchain companies were born after ETH's global rise. The best altcoin ever.
36  Economy / Trading Discussion / Re: Day trade is more a lucky thing or skill on: May 06, 2018, 01:59:50 PM
I'm not sure if I have time to play with charts and trade a lot, like I have seen some youtubers doing.
They make you really believe that is more like a skill and if you are good at it, it works.
My friend told me that is just about how lucky you are, and not a skill.
So, should I stick with holding or playing day trade is a better option?
The market currently supports a longterm trader, the short-term way is for people who are lucky because they order at the right price and fast.
Keep it your way that is longterm if you think it is comfortable for you and always profitable. Do not look at others because other people have different luck and fate.

Day trade requires luck and you can't do it alone by yourself. You will always need the perspective of other traders and market influencers so that you won't miss major things taking place in blockchain news. It's not skill dependent for me. It's more like luck dependent.
37  Economy / Economics / Re: Is it a good buying price for bitcoin? on: May 06, 2018, 01:39:23 PM
Is it a good buying price for bitcoin?Might cross-border activity often lead to better demand for bitcoin?So bitcoin will do better in the second half of the year.What do you think?
For now the price is already in high but still good time to buy since the price will increase by 20000 dollars by middle of this year according to some predictions and I believe for this.

The price is not already high if you mean $10,000 here. This means 50% loss compared to top price of $20,000 and this shows that bitcoin has still a long way to go. Lots of users are predicting about the price by the end of this year, we will see which one will be real.
38  Alternate cryptocurrencies / Speculation (Altcoins) / Re: I have 250 ETH, Hold or SELL? on: May 06, 2018, 01:30:41 PM
240 ETH would worth 1 million dollars at the end of 2018 or at the end of 2019, at most. The price will go up hardly and ETH holders will enjoy this I guess. The most important part is not selling them with panic during market chaos which happens very frequently.
39  Economy / Economics / Re: Does this mean Cash will be extinct? on: May 06, 2018, 01:20:13 PM
It is right that cash getting influence rather in the market but it is difficult that due to cryptocurrency fiat will eliminate completely because mostly world population is not more educated to utilize bitcoin. Knowledge of computer and internet to utilize bitcoin is necessary and most important.

Yes it is difficult to say that fiat will eliminate totally but at least it will effect the fiat market, people will then give more preference to crypto currencies, which they will consider as more easy to use for their affair, therefore they will reduce the use of fiat currency. But still it will continue to exist for a long long time and not going to eliminate completely.

Cash won't become extincy and it will maintain its position. What will happen is that coins will rake role and they will increse the importance of digital assets. Nobody could remove cash from the earth so far.
40  Economy / Speculation / Re: I bought at 19k, now what? on: May 05, 2018, 05:21:24 PM
I bought 3 btc on credit for 19k about. What should I do? I am way underwater.
all you need to do is wait for the increase in price of bitcoin for about 3 to 4 months and bitcoin price will be back to $19k+ per bitcoin, so you shouldn't worry about the deceased bitcoin price, it already always happen in a market that for every seller there is a buyer.

That's why it is a good thing to avoid buying when the price is at its all time high or at its peak. I wonder what's on those people's mind when they buy bitcoins even if the price was an ath but you're right eventually it will recover and op will have an opportunity to sell.

Well in reality, it's really hard to fight emotions and greed because you'll never know when it is a good opportunity. We all say be logical but sometimes I also do make bad trades. It's a matter of experience I guess.

@ontopic, you've actually got no choice but to hold, unless you're ready to take on the losses.

Making stop-loss is not that logical at this tage for a person who bought his bitcoin at $19k price. He better hold it in long run so he will be able to recover that huge loss as the market goes up. This is not that hard, only bad side is that he can't use that funds in somewhere else. It will be like locked in bitcoin buy positions.
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