What is happening in Venezuela currently is actually an eye-opening to how bitcoin can actually intervening during financial crisis. Bitcoin actually can create stability since it is decentralised and the cost of production lower compared to fiat. Bitcoin should be adopted into most of the developing world so that the cost of using and producing fiat will reduced.
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I'm new to the Bitcoin / Cryptocurrency world, and the economics are pretty interesting.. My question is more of a large-scale economics question.
Would using Bitcoins, to purchase goods (not on this forum) or services, increase its perceived value due to wider exposure or level-out/decrease its perceived value by establishing an accepted value of it?
I hope that was clear enough. Just looking for ideas and thoughts.
To me using bitcoin to buying goods and services do increase it value and as a matter of fact bitcoin and other alternative coins were developed to be used as a means of payment for goods and services. Though we have not got to that level were every body in the level of our society will accept bitcoin as a means of payment but the more people used it the more many people will become aware of it and the more it value increased.
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The fees we are paying now is enough to sustain banking business and since blockchain technology is decentralised and fast it will reduced the cost of operations bank is currently having. Banks is easily going to push blockchain technology to mainstream and many people will become aware of the importance of blockchain and bitcoin. Bank will be the greatest beneficiaries to this new innovation.
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There are many different bitcoin and altcoins trading exchangers out there and many business men are opening exchangers sites daily. The most popular and most used exchangers to me is poloneix and bittrex this two exchangers has the high volume of traders among those I know.
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I have also been thinking that for bitcoin to be accepted all over the world and having impact on our national economy we most make it transparent to governments and it's authorities. We should make things easy the way governments can have confidence on bitcoin to the extent of adopting bitcoin into its economy.
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It very possible to achieve that and get a profit for your monthly up keeping and the reality is that you most be ready to do alot of studying and researching. Trading is a game of skills and knowledge and you should not go into it without adequate experience on how bitcoin and altcoins market behave. I wish you good luck.
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This is good news as bitcoin is currently drawing the attention of mainstream media. We hope to even go above that price as this way the China FUD will definitely die down. I don't think we are there yet but before end of December we would be there. $6,000 will be achieved if there is going to be a next pump before end of this month.
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Am also hearing about this blood coin for the first time and I will try to do a good study on this coin to see if I can invest in it. Op you should know that when ever coins price is down that is when to buy them at a good price and to sell when the price is up again. If you have good risk capital this is the best time to buy blood coins as you can get them very cheap.
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Hi, I was wondering if I should quit my job and focus more on bitcoins? Because I think it might get me even richer without a job? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I think it is too early to take that kind of drastic action as bitcoin still need your job to stay afloat. We need to inject alot of fiat in other to get the price were it supposed to be. Many people are doing that now but I will advise every wise bitcoiners to still hold to they day job.
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there has been so many articles about this and I am not sure if the price is overpriced or not.
Bitcoin is under price or undervalued as at now as there is going to be a long way upward movement. We have not started yet and days is coming when we would look at were we are today as a child play. We should buy now as today price may be the cheapest you can ever get in years to come.
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I seriously believe that a day is coming when one bitcoin will actually be equal to $1,000,000. Many people are buying into the ideas of blockchain technology and the demand for bitcoin keep on increasing day in day out and if we sustain this great momentum we are having, then in few years from now we may achieve that price.
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I think we would experience big correction very soon and if this happens we may see bitcoin's price below $3,500 and this do not mean there is going to be a great significant fall. If the price could not break below $4150 then we would experience this before the middle of this months. I think the best thing to do now is to wait and see the price fall towards $3000 before buying.
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This is a good indicator that bitcoin price will soon pump up. We expect others online retailers to follow suit as this will easily take us to the moon. I expect and interest from people and government after this happen and we hope bitcoin get to mainstream media because of this.
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I have been looking to invest into more ICO's but i'm having some trouble to find the ones that do not scam you. So my question is: How do you guys find your ICO's and how do you know they are a scam ?
I do get Most of my information from icocountdown this site published most of the genuine ico project. You can also get professional analysis on each of the projects and make your decision on which one to invest in. You can also get good information about any project from altcoins announcement section on this forum.
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A time is coming when the whole world is going to used one currency and blockchain technology is already preparing ground for that to happen. Though it is also a fulfilment of Bible prophecy of the end times that is the whole world will using a single currency. I also think this may lead to serious war as politicians will fight to control the currency.
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When volume is dropping in an upward trend it means the number of buyer is dropping and that is an indication that the trend is coming to an end and when is happening in a downward trend is an indication to buy. You can actually using volume indicators like MACD to spot this in the market.
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Nice tip and to add to what you have said I think to succeed in trading one needs to develop his skills to buy low and sell high and candlesticks formation. We are living at the age when information is almost free online and one needs to read several times and materials before venturing into altcoins trading.
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Bitcoin has given some of us financial freedom and I think bitcoin represent the kind of freedom people have been seeking for. In our desire, humanity has been denying many things including happiness and success by our political leaders and elites! Bitcoin come to break this financial control they exact.
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I think litecoin will go up soon and the reason why litecoin is undervalued compared to the same coins of it class is that it was not well promoted from the beginning. Many people are currently investing in litecoin because of the beauty of it technology. I do speculate that before the end of 2017 we may go as high as $150.
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According to Clement stone an old times writer " 10% of your earnings is for you to keep and if you can not save money the seed of the greatness is not in you" I think you should follow the advise of this investment expert by put aside 10% of your salary and put this money in your cryptocurrency investment and in no time you will become a millionaire in your local coins.
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