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221  Economy / Economics / Re: The future of the paper money on: November 08, 2017, 04:47:24 AM
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?


This is definitely not bitcoin, How will a crypto currency be backed by a state currency. This only means that it will be a centralized crypto currency I don't think it will be accepted by people.
Well paper money have a value and no one can deny but as we know that’s it’s a modern technology now a days and every one they are going to take advantage from it so bitcoin is also a digital currency and people are going to accept fast and bitcoin is also going to give a good opportunity for earning and there are also much more good things in bitcoin.
222  Economy / Trading Discussion / Re: Patience and Holding on: November 01, 2017, 05:54:13 AM
Yes if you really want to such big profit from crypto than you should need patience and holding  crypto for long term.
I know few people who got 1000% profit from bitcoin because they had patience and risk taking quality.

Patience that is tested for future results is one of the best ways to achieve profit despite having big risks for the future.
The more patience you will be the greater the opportunity to receive those benefits Wink
Only those people can hold bitcoin in their wallets that do not need them today. The patience is for those who need a little bit but they do not use their bitcoin for their current needs.

It is a good idea to keep your bitcoins in your wallet for your future purposes, because it is an investment and you can do big things if you hold your bitcoins for some time. When the price grows more than you can sell them out for your needs.
223  Economy / Economics / Re: Difference of Trading and Investing? on: October 31, 2017, 09:02:48 AM
okay..in trading you are actually selling goods like example a national book store..they are selling books,papers,bond papers,pencils,ball pens etc..unlike investing its different like example..if you have a house and lot ..you let people rent on your house and lot ..or if you have a commercial building you let people lease for spaces for their business..so just like that Kiss Smiley
You have nicely explained the difference between trading and investing. Trading basically involves buying and selling of goods especially in market. We all trade in market by giving sellers money and buying products from them whereas in investing you don’t enjoy the fruit on the spot. You need to wait for getting your desired results such as investing into bitcoin does not produce profit within a second.
224  Economy / Economics / Re: bitcoin benefit of saving for a long time? on: October 31, 2017, 08:32:38 AM
They save bitcoin in their wallet so when the time bitcoin price get higher in the market the money they saved with move to higher value.
Best way of earning money. And these people are just making their way in a right place. There are so many people who are very new to this trading. I suggest them not to hold until they become well-known with the profit, loss and risk factors. Then, buy bitcoin and hold them until the prices are going double and triple. Wait for very good time to come and then sell and enjoy.
Yes, The best way of making money is to buy bitcoin and let them rest in wallets for long time period. Don’t take out them until and unless your coin has not reached your target price. What I personally think about trading is that it is not for everyone especially for those who are new to crypto world. You need a lot of knowledge and experience in order to make money by this method.
225  Economy / Trading Discussion / Re: Patience and Holding on: October 31, 2017, 07:32:01 AM
Yes if you really want to such big profit from crypto than you should need patience and holding  crypto for long term.
I know few people who got 1000% profit from bitcoin because they had patience and risk taking quality.

Patience that is tested for future results is one of the best ways to achieve profit despite having big risks for the future.
The more patience you will be the greater the opportunity to receive those benefits Wink
But patience with eth right coin only pays you off in right amber. If you are holding a coin and staying patient with it when the whole world is dumping it because of the massive drop in value, you are on the wrong track. If you really want to get a good reward for your patience, you need to keep bitcoin in your wallet because it do rise in values after every month or two, making you happy and rich.
226  Economy / Trading Discussion / Re: How do you deal with loss? on: October 30, 2017, 07:28:22 AM
So in trading how do you deal with loss? For example you've invested in an alt and now it has fallen quite hard and you're on the brink of losing all your bitcoin you invested in it.
How do you actually deal with it? Do you wait and keep on waiting in hope that it will bounce back up and return your investment or you sell and get whatever left of your investment?


One thing you have to bear in mind is that in trading, loss is inevitable and that is why it's advisable to maximize your profit and minimize your loss. But if found losing, i would set a stipulated period such that my losses does not go beyond that, then i sell and accept my loss.
In the world of trading and investment, you never lose. Either you earn some good amount of profit or you learn some good lesson which can help you in your future. So at the time of loss, you need to remain determined and never decide to quit trading or whatsoever job you are doing. In fact, learn from your mistakes and keep on working more hard for having your profit back.
227  Economy / Trading Discussion / Re: Where to invest bitcoin? on: October 30, 2017, 07:00:26 AM
Bitcoin itself is an asset! Do not lose your bitcoin. Holding bitcoin is a sort of investment too!
There is no way that we can deny this fact that bitcoin itself is a wonderful investment. There is nothing more profitable and beneficial in my point of view than that of holding of bitcoins and that too for as long as you can. You only need to keep your nerves under control and that’s all. You will keep on earning more money with each passing day. I think of holding as the best investment.


228  Economy / Economics / Re: Holdings of gold vs Holdings of btc on: October 30, 2017, 06:22:59 AM
That is why. If we take hold of gold, we will only be controlled by Central banks which certainly hold gold in large quantities. Whereas in bitcoin, no one controls because bitcoin is spread to various parties around the world with limited supply. Bitcoin is a more potential investment trend as money tree better than gold.
Bitcoin being decentralized is effective in every other aspect. You can have more bitcoins in your wallet and no one knows about it. You invest in gold and holding it, and all your neighbors know how much value you have stored. Jokes apart, bitcoin have more potential to produce profits than this gold. So better is to make bitcoin hold for a long time. Gold is not that much profitable.
229  Economy / Economics / Re: Do you think bitcoin gold value will rise to bitcoin value on: October 30, 2017, 05:51:00 AM
Bitcoin gold value never can do it. This is a fork base on bitcoin. And seem as many another altcoins, no one can cross over bitcoin value. Bitcoin is standard for whole crytopcurrency now. So this case happend when only if bitcoin die  Shocked Shocked Shocked
Absolutely such things like bitcoin gold or another, they can compete bitcoin in the success. Bitcoin have done tremendous job in last years and it has showed the world that how to make big jumps in international market.

Bitcoin is being accepted by malls, grocery stores, restaurants and many other. Bitcoin gold have to do a long and hard effort to be in race with bitcoins.
230  Economy / Gambling discussion / Re: How to play gambling in a smart way? on: October 28, 2017, 11:34:27 AM
I am trying to figure out how to gamble/bet profitably. And it's not easy to find a good system. But the most important thing is smart money management. This is the key to smart betting! There are many systems, so far I didn't figure out the best one.
I am really astonished and amazed at this comment. Why you are not getting into the deep insight of gambling and see how it has ruined the lives of people and you here are asking for better system. Peep, you need to know about gambling.

The disadvantages that come along with it. Still, if you are asking about tricks. There is no solid trick because this game is just a deception.
231  Economy / Gambling discussion / Re: losing 50 bitcoins gambling on: October 28, 2017, 10:53:38 AM
I have seen a guy loosing 1000 bitcoins in just one bet on justdice and another guy loosing more than 300+ btc on pd. but at that time btc was much less than 200$. This guy is really crazy or too rich to afford that much of money.
I agree seeing someone to bet 50 bitcoin when the price is already on 6K$ I really cant comprehend what kind of reasong was that ?  maybe he was just crazy or making stories , Owning already a 50 worth of bitcoins make you already rich I Just cant understand why you need to be richer ? are you not contented in your life ?

Probalby they have hundred of thousand of Bitcoin so they do not mind losing 300 or 1000 bitcoins in one roll.  I can also do that if I have that amount of BTC Smiley.  That may sounds crazy but as i said if I have hundred of thousands of BTC that 1000 BTC is nothing but some dust. 
And they probably bought bitcoin at a cheaper price and at that time bitcoin is not that expensive so its okay to lose that amount of money they weren't inform that bitcoin price can come this far and all they can think about is to gamble.
For this, it is often advised to put your coin in only that thing, about which you are enough confident. There are so many people who are putting bitcoin in gambling, for any odd reason behind their act, I must say they are the most foolish peeps on this planet earth. They must have known the importance of bitcoin, so for now, sad feeling from them from my side.
232  Economy / Gambling discussion / Re: Can trading be considered as gambling?? on: October 28, 2017, 10:24:01 AM
The risks are very different because gambling does not recognize fundamental analysis, gambling is only applicable for short-term analysis, trading is not in a hurry and is not always done in one period unless traders play margins and other options options. It is very clear that trading is different from gambling.
Only in theory, how many people around the forum, buy into icos or buy a coin with no regards whether it was the right time to do so, many I suppose, so these people are not really investing they are gambling with their money and there is not other way to put it.
I think it is a no. don’t you think they are investing with some goal and they are working for it. Plus they better know this investing or trading in bitcoin or any fiat currency is made for earning profit. Gambling is only different in this regard, there is no winning for you in a race, neither this is made as earning source. Better is to quit is and don’t see it again. Investing is profitable and that doesn’t come in gambling.
233  Economy / Trading Discussion / Re: job and trading together.. on: October 28, 2017, 09:39:53 AM
This is the practice to stay stable with investment and it will bring a bright future. Long term investment in bitcoin provides good return, so invest monthly and do your job. Definitely you will get success.
No doubt in it. If you need more profits in one month and you want to make your life stable and happy, then you have to indulge in something other as well. Like if you are doing a salaried job, then you may start a business part time or you can buy shares in stock. But among all the part time jobs, bitcoin trading or investment is the best. Choose wisely and according to your needs.

234  Bitcoin / Bitcoin Discussion / Re: Should I buy bitcoin now? on: October 28, 2017, 09:10:18 AM
Yes you have to buy bitcoin now. It is important to know the on how bitcoin is helpful for everyone. It will give you additional income and money that will help you to pay your debts and bills.
Yes if you have resources now you must buy now because future that is coming ahead will be all about bitcoin and more of it bitcoin has so much promising nature that it will be very helpful in future and those who are buying now let me tell you one thing it is giving more than a 1000 dollar profit and one week and this rate will increase more in future so don’t waste the time invest now to earn more.
235  Economy / Speculation / Re: Why do we keep converting bitcoin back to dollars ? on: October 27, 2017, 11:53:39 AM
I would prefer to see bitcoin go forward as a currency that can be used globally but as it stands just now it is mainly traded for profit. As long as there is still fiat it will always get converted back for profit.
Yes and even bitcoins cannot replace fiat as they are centralized currency whereas bitcoins are the decentralized currency and the transactions cant be tracked. Each time any bitcoiner needs money, he sells some amount of his bitcoins. This should be stopped and bitcoin should be made capable to pay for itself instead of exchanging it to fiat.

We must be able to use bitcoins as a mode of payment in our each individual country. If so happens than we can call bitcoins as a best global e-currency and it will even be spread more than any such fiat currency. Also converting bitcoins to fiat takes some taxes and the taxes are sometimes high which can mis-balance out profits in bitcoins.
236  Bitcoin / Bitcoin Discussion / Re: Do Banks fear cryptocurrency on: October 27, 2017, 11:23:25 AM
I think so. so many bad things if cryptocurrency has been famous over the bank. especially if it can be a better investment than a bank. I think it's true if banks are afraid of going to the popular cryptocurrency.
Although current banking system is strong but they don’t to encourage cryptocurrency/bitcoin at any cost because they consider bitcoin a great threat to their system.

Banks has already suffered due to less investment by people because people are now interested in cryptocurrency/bitcoin investment and they prefer bitcoin instead of banks because bitcoin business gives a good return to people than banks so why people will not prefer cryptocurrency for business which has gotten immense popularity among  societies/masses. Bank’s business is suffering badly due to bitcoin popularity that’s why banks doesn’t want growing of cryptocurrency.
237  Bitcoin / Bitcoin Discussion / Re: Why do some government ban bitcoin? on: October 27, 2017, 10:51:10 AM
i don not know exactly.. but maybe government has a many reason so they ban bitcoin
but if people say the reason is government dont know about bitcoin
i think it is wrong. government must be know about bitcoin but they have the other reason

In our country bitcoin is not banned instead the central bank is making policy guide lines for virtual currency exchanges. It is the policy of the Central Bank to provide an environment that encourages financial innovation while at the same time ensure that it will not be used money laundering or terrorist financial activities and the financial system and financial consumer are adequately protected.
Basically bitcoin is a decentralized and government has no control on bitcoin that’s why the government feels fear that might all the people not invest their total amount in bitcoin. Government runs through banks and banks runs through masses investment so if people invest their amount in bitcoin then what will the bank does and how the government will run. Keeping in view these panics governments are banning bitcoin.
238  Bitcoin / Bitcoin Discussion / Re: Is btc mining still profitable or is it just a big cover-up scam? on: October 27, 2017, 10:18:07 AM
It's profitable if you had the right equipment i thought the only problem for mining is difficult of block, funds for gear, electricity cost.
It is profitable but so much later on the mining because at the spot of mining it is not much valuable than the expenses made during the mining. Bitcoin mining needs high specifications computer system and so much expensive software and massive electricity. That’s why the value of the mined bitcoin doesn’t meet to the expenses made upon the bitcoin mining.

In this sense bitcoin is not profitable at the spot of mining but later on it covers the expenditure made upon it as the price of bitcoin is increasing day by day.
239  Economy / Trading Discussion / Re: Bitcoin or altcoin, which is better to invest into now? on: October 26, 2017, 09:56:13 AM
indeed there are some altcoins that have increased along with rising bitcoin prices such as zencash increasing drastically almost 250% rise from the initial price .0012 has now reached .0045, so not only is the bitcoin worthy of for investment even altcoin also has good potential for investment.
Wow it is quite interesting to see an altcoin coming up so amazing in the international market. There is no bounding for all cryptocurrencies to be working and placed under bitcoin, no. this is an open platform and you will be getting enough chances to come out of the box. If this is true and this Zen cash have made this, amazing it would be in future. Good luck to developers.
240  Economy / Trading Discussion / Re: What to do when prices are falling on: October 26, 2017, 09:00:16 AM
Think fast.  You need to be able to figure quickly why it is falling and is it going to come back.  BTC drops based on this and that rumor sets and always comes back, is this true for the coin you have now that is dropping?  The thing that some people forget is that they have already made money on a coin, not always true, but often forgotten.  They buy a coin, do this and that and make a tidy bit of profit as it rises, then freak out and make this and that guess as it drops.
What I believe is this, if you have still got profit left, I will advise you to sell immediately and then wait for the price to fall the lowest it can, then you invest back. But if at the time of falling you’ve got no profit left, then I will say you should take the risk and leave it there.
That makes sense. Your profits are most important and preferable than your losses. If you find anything indulged in profit or if you get any profit ratio until the time of falling, better is to sell. Reason is, in case of bitcoin, although market revive again but you may need money for your living. But if you don’t have such emergency, then I must say, still hold it for the time price comes back.
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