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261  Economy / Economics / Re: Crimes involving crypto have risen on: December 25, 2019, 05:01:36 AM
It seems to me one of the usual propaganda statements made by those who have an interest in blocking the spread of crypto.
The crimes that can be committed with crypto can very well be committed even better with cash.
And anyway they are statements that cannot be contested, therefore they have no value.

That is because of the absolute freedom that cryptocurrency provided them in their business. Actually with this, it is also our duty to make ourselves safe from crimes in cryptocurrency, we all have the freedom to decide and each of decision matters. If we commit a decision that will definitely expose risk in our funds, then it is our responsibility and it is us ourselves to blame. Though, one great thing cryptos freedom have imparted into us is to become responsible and self reliant which is in fact a good characteristic for becoming financially literate especially when using cryptocurrency.
262  Economy / Economics / Re: bitcoin goes down, no new rich people anymore on: December 25, 2019, 04:53:25 AM
Yeah, profit earning from bitcoin depends on the time of selling and time of buying so we should remain careful before buying or selling our coins. When the market is dump we simply should buy and if the market is green we can sell. So good time will come very soon it’s just a temporary fall of the price that will not take much time to recover again so keep holding.

It is not always the case to buy and sell ahead with the indication of green and red market. Most of the time, real profits can be get from thinking and waiting for a long time, and to research about the ATH and ATL, if we are always buying and selling we cannot maximize our investment but if we are buying and selling with the ATH and ATL, that's the time that we really earn huge profits. But I can assure you it is very hard and require huge knowledge about combined trading from the concepts of stocks and cryptocurrency.
263  Economy / Economics / Re: Anyone else remember this? on: December 25, 2019, 04:36:04 AM
It isnt really bad though for you to lean up with others success and steps that they had made.Its just not necessary for you to copy every single step that had been done though.

Creating your own path is a must but you should do all sorts of things and not just having those plans in mind if you havent dont any actions yet.

Basically with achieving your full potential that might lead you to success, you need to figure out who you truly are, I remembered bruce lee from ads way back before saying that you don't need to copy someone to find your self, you just need to be you, and with that, you can develop the best personality you could have and that personality will drive you to have better future, including making your financial status better, having good jobs, and becoming the best which you could use to build business that are crypto related and might as well to gain more profit. Remember, you will not get rich if you stay as an employee.
264  Economy / Economics / Re: Are we heading towards Recession? on: December 25, 2019, 04:17:43 AM
It’s going to eventually happen and probably soon. We are past due for a recession based on history.

The best thing you can do is get your finances in order so it doesn’t have as much affect on you.

What do you mean to get your finances? Because my thoughts about this is to secure your finances and try to diversify it to different assets so no matter which assets gets into recession or to considered in trouble, you still have options for you to trade. We all know and predict that when recession comes, our fiats might be worthless, with that, if we have bitcoin or gold, then with the old system of trading we can still have are necessities secured and could still be in good shape in many aspects of our living.
265  Bitcoin / Bitcoin Discussion / Re: If Bitcoin is a get rich quick scheme, then fiat is a get poor slow scheme on: December 24, 2019, 02:34:57 PM
I doubt it because government will feel threatened considering allowing two currency to coexist and one which is not in control and decentralized could potentially hurt their economy. the uncontrollable currency is a huge disadvantage for the government considering that they need control over everything to let things run as they were planned and crypto will become a hindrance.

But it could be possible to use both fiats and cryptocurrency hand in hand, there's no pure reason why we need to transition and to convert fiats to cryptocurrency completely, as long as we all find benefits to what currency we want, it is already a good thing for us. The advantage is, we have our freedom to choose between decentralized and centralized. Both offers an effective way to transact with people, both with practical purpose and both are needed to make our economy better.
266  Economy / Speculation / Re: What’s your expectation on 2020 Halving year?! on: December 24, 2019, 01:29:14 PM
I don't want to speculate and predict too much here, but I do consider halving as an essential way why bitcoin's market price is growing for years. So for me, the bitcoin halving's positive effect on the market might not be evident right a way, and might as well as in long term, but I am pretty sure that what will increase from time to time isn't just the current market price of bitcoin, but to consider the all time low that bitcoin is having, with this speculation I can infer that bitcoin's market price will continue to increase and no way it could be less valuable in the future years.
267  Bitcoin / Bitcoin Discussion / Re: Who holds the most bitcoins? on: December 24, 2019, 12:58:35 PM
It’s really hard to say that who holds most bitcoin.I saw a website there was few address who holds that amount bitcoin.But finding that person is really hard.Your statement might be wrong, finding the address owner is really hard.Can you prove that I am not holding bitcoin or I am in the bitcoin richlists.         

To make it in particular, the sites that holds most bitcoin are the sites who has bitcoin with the highest transactions and this is the exchanges no matter decentralized or not, but with the needs of liquidity, they have bitcoin pool so everyone could have the chance to sell or buy even enormous amount of bitcoin. I believe these bitcoins are stored in one address that is fully secured, and intended only for trading pool for the users of the exchange.
268  Bitcoin / Bitcoin Discussion / Re: help with bitcoin on: December 24, 2019, 12:39:47 PM
You probably got scammed into buying bitcoin cash (BCH), when you were intending to buy bitcoin (BTC).
Just dont ever use bitcoin.com they are not to be trusted.

When there is a bitcoin name attached, it is not necessarily mean we could trust it in all means. Remember, scammers and frauds make their way to scam people and to take advantage of the name that a huge cryptocurrency has. One example of it is the hard forks by different cryptocurrencies right now bitcoin attached to it. Though, not literally a direct fraud but it just make bitcoin lose investment supposed to be for it, so for me, it is a good thing to consider originality and becoming independent especially to use own established name.
269  Bitcoin / Bitcoin Discussion / Re: Would a Crypto Based Economy Make Things Safer? on: December 24, 2019, 12:07:35 PM
The only thing that the crypto industry can do is to help innovate our view of our current technologies. with the help of cryptocurrency, we can solve the problem with the inflation of other big countries to the other 3rd countries by suffering from boycotting their national currencies. with the help of crypto, their kind of bullying will no longer work.

Its actually depends on how the factors affecting the growth of the economy respond and put their efforts to make the said economy better. Because wealthy and developed countries with the best regulation will just make their economy shaken with the intrusion of cryptocurrency when people suddenly forget the essence of their crypto. Though, with the said negative effect to their economy, it will surely undergo to market correction because I'm pretty sure, these rich economies have brilliant people and leaders as well, they know what to do to this kind of situation.
270  Alternate cryptocurrencies / Altcoin Discussion / Re: How to invest my $1.5K? on: December 23, 2019, 05:20:03 AM
would not say BTC as low risk. However thats considered as lower risk than any other coins. Crypto itself is very risk category. Anything can happen to crypto depends on the regulations coming from different countries.

It would not be the best idea to invest in bitcoin right now, but I can say, a bit of a days ago is the best time because the price reaches 6000 dollar drop. But right now, it already gains market price of more than 1000 dollars and it is really hard to invest if you know it is not the best price for you to buy as you will be not that efficient. It's better to find some altcoins first and wait for bitcoin's price to fall down and if you think the price is too low enough then pursue, 1.5k dollar investment is quite big.
271  Alternate cryptocurrencies / Altcoin Discussion / Re: Has this year Christmas favor your cryptocurrency portfolios? on: December 23, 2019, 04:48:02 AM
All of us here has a similar experience, although I have money to spare for this holiday, still the expenses are big that there are unexpected expenses that you cannot keep up, so yu have no choice but sold some of your coins even at a much lower price.

And it is quite really hard for some cases that people would come into your house in Christmas and you have nothing to offer them so you are urged to use and convert your cryptocurrencies to gifts and foods. Though, the main advantage of this is that, in this kind of season, the price of cryptocurrency often increases so you can convert the profits you have and still hodl your cryptocurrencies in your own wallet. But make sure you've still have enough because over spending your cryptocurrency is hard especially if you are a trader and wants to regain your profits.
272  Alternate cryptocurrencies / Altcoin Discussion / Re: Has this year Christmas favor your cryptocurrency portfolios? on: December 23, 2019, 04:12:27 AM
This really impacts allot of us, from giving gifts, receiving gifts as well, christmas bonuses, christmas sales and more other aspect of finance that could change the way how we spend our money in a short time yearly season. But when it comes to cryptocurrency, I don't think we should consider selling our hodlings just for the sake of giving gifts and pressure. We should have extra money (fiats to consider) for us to have something to give to others. But when we don't have, we don't need to urge and sacrifice funds that are alloted for our needs.
273  Alternate cryptocurrencies / Altcoin Discussion / Re: What’s the best coin to buy apart from bitcoin on: December 23, 2019, 03:30:19 AM
everyone has different choices. in my opinion the coins after bitcoin are litecoin and ethereum. I chose Litecoin because the transaction costs were cheaper and faster and the price movements always followed Bitcoin. if bitcoin goes up high then litecoin will also go up. and I also chose ethereum because ethereum has smart contract technology and there are already many companies that want to accept ethereum and I also heard that ethereum will launch ethereum version 2.0. so according to 2 coins this is a good coin after bitcoin.

You can actually observe the correlation of prices not just with bitcoin and litecoin, most of the time when bitcoin's market price increase, same goes the other way around.

In my opinion, choosing the best cryptocurrency in the market will not just depend on the statistics available for the holistic but to consider what is the most accessible for you in your part such as for me, the best are bitcoin, ethereum, and XRP. Mainly because it is the main crypto that is supported by our local cryptocurrency exchange.
274  Alternate cryptocurrencies / Altcoin Discussion / Re: HODL&CALM on: December 23, 2019, 03:05:20 AM
If you are invested in a reputable altcoin or to an OG one then you don't need to worry about the risk of losing all of it by not just watching it actively. If you want to hold and to become calm, you should only buy the altcoins that are strong enough to stand in bearish markets and also to have a team behind it that are consistent and hardworking.

In the first place there isno strong altcoin that could withstand the bearish market. In addition, it is really hard to figure out if the team is hardworking and effective to their jobs in developing and maintaining their cryptocurrency.

Meaning to say that, in investment, the term "nothing to worry about" isn't a fact, when you invest, you accept the risk, and if you accept the risk, you're willing to lose basically to test your luck but the only battle is to make the chances of winning even higher than losing.
275  Economy / Economics / Re: Big risk ,big results. on: December 22, 2019, 08:45:36 AM
For those who are accustomed to using large capital when trading, it is not uncommon to often get large profits too. I totally agree
the profit results that we get when trading is greatly influenced by the amount of capital we use. So from that most people with
conditions bad markets are difficult to generate large profits because of the small capital used for trading. When a few days ago
bitcoin fell to the price of $ 6500 and if we use a large capital. So when bitcoin now rises to $ 7100 will get a big profit too. But using
a large capital the risk is very high, but the results obtained will be high too. So the decision is yours,and each risk is borne by each of you.

Here's the thing, with a low market capital, it is really hard to make it huge and a gain profits, but I can say, if we really are skilled enough in trading, then we should accumulate a mid range capital to trade it in the market. In the first place, skilled traders will not start with a very low capital because it will just be eaten by the transaction fees, they know how much should be the starting capital that will be efficient to grow profits. So for some people that aren't really into trading but want to have profits, then choose to take the risk in spending big starting capital, the more money you have, the more profits you can get and is much safer for you to trade in a long term basis.
276  Economy / Economics / Re: bitcoin might be over but blockchain will live on: December 22, 2019, 08:11:19 AM
It is sad! Although everything has its time.
We can say that if this happens, then Bitcoin is a hero who sacrificed himself to save the world.

Well, let's take this topic seriously, the backbone of bitcoin is the blockchain, and if there's something bad happens to bitcoin networks, meaning to say that the blockchain is compromised, so we cannot really say and infer that when bitcoin becomes over, the blockchain is still there with complete good reputation in the market. So the only option that bitcoin could be over with the blockchain remains the same is when people stops utilizing bitcoin and merely, the market price falls so badly.
277  Economy / Economics / Re: Taxless society idea on: December 22, 2019, 07:18:49 AM
Where did you get this information about "not needing to tax the citizens", care to share? I'm pretty sure even if a country is prospering it doesn't mean you don't have to tax people, you are living in that country, after all, you're a citizen. Besides, taxes have their utilization--maintenance, government infrastructures, etc.

And about that Oil, I'm certain that private companies (corporations) handle those precious resources, they don't necessesarily answer directly to the government, after all its business.

There's actually no way we could escape paying taxes and no way paying taxes becomes better than not complying with it. It is our duty to pay taxes and the government's duty to make the taxes productive by implementing better rules, regulations, building infrastructures and making the country better. Taxes for me is what unifies the government and the people, without taxes, there will be no gas to fuel the innovation and development so in terms of cryptocurrency, the taxless society isn't a good idea for us to come up with.
278  Economy / Economics / Re: What if crypto vanishes? on: December 22, 2019, 06:07:47 AM
Basically every cryptocurrency sometimes have different nodes where transactions around the world is processed. There could be some case that this could happen in the future but the odds are too low. With this, it is merely impossible that cryptocurrencies as a whole could vanish just in an instant. Maybe a problem could occur to some cryptocurrency with the same nodes and blockchain, but with everything to be compromised, I think the entire internet issue is a subject for this to happen.
279  Economy / Economics / Re: Crimes involving crypto have risen on: December 22, 2019, 05:01:14 AM
Indeed. Do not sleep on learning because the knowledge will become the key for us to succeed in being safe from cyber attacks, scamming and it is also the key to succeed in investing or even trading. Read different articles about the different methods of the hackers and the scammers so you will be able to avoid it once you encounter it.

Do we really need to encounter it for us to avoid it? Or there's a way to avoid it completely, because for me, the best way to keep our investment and self secured is proper avoidance. Without involvement to certain fishy websites and platforms is the best way to keep us safe why? Because it is the same as not talking to someone you didn't know. They will not try to scam you and take your money if in the first place you don't try to deal with them.
280  Economy / Economics / Re: How many bitcoin is enough? on: December 21, 2019, 04:28:06 AM
A logical answer to that question would be - Money is never enough for anyone. Even the richest man on earth still finds a way of making more wealth. Whatever the price of Bitcoin (whether now or in the nearest future when several halvings would've caused price to jump), no one should relent in accumulating more Bitcoin if they know how to.

But to set a goal, it is quite possible. There are people who knows and are contented to reach their achievement. It is not necessary to always save much money and invest too much, we all know people have needs to, and setting up a goal for them to achieve is one way of making their goal possible. For example if a person wants to save for a house then he will then try to set a goal of 10 BTC, with that, after he reached his goal, he could totally stop investing more and just wait for it to double or even triple. They might end up spending future bitcoins that they could earn just like budgeting our daily allowances and money.
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