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281  Economy / Economics / Re: Can Bitcoin also lead to corruption ? on: October 18, 2017, 11:13:30 AM
Just 1 week or two ago a high ranking government official in my country is accused of corruption. His group mentioned they never did anything illegal and his money mostly came from bitcoin. I wonder if he was really a big investor in crypto or he was able to hide some of his ill gotten wealth in crypto.
Just because someone is using Bitcoin, any other crypto currency, for corruption does not make it reason for corruption. A person or entity is less interested in the mean by which they commit corruption. to put it in better words, money launderer or corrupt entities are not attached to one specific tool of value storage. They dont care if they are using bitcoin or monero, ether, diamond, gold. What these guys care about is how stealthy it is, how flexible it is.
One popular reason for restraining people from using cash transaction was it increase black money. Thus people should go via banking system. These are easy to track. Now there are numerous banks, I mean international bank which were caught red handed doing money laundering. In fact these banks and financial institutes are the kingpin of corruption.
Stop killing messanger(bitcoin).
282  Economy / Speculation / Re: Bitcoin price fall below $5,500. on: October 18, 2017, 10:58:53 AM
I have been following bitcoin price since the recent upwards price movement and I think $5875 has become the high and corrections has began. Checking price chart this morning I discovered that the down channel's line has been broken and that signal a dropped in buying momentum and price may get below  $5,000. However, this is another opportunity to buy bitcoin at a very cheap prices as before the end of this year bitcoin might hit $7,000. This corrections is not going to be a long one,  it might just be three to four days and we would resumes another upwards movement again.
Current price is somewhre around 5330ish . If you want to make quick buck then try purchasing small amounts gradually. Keep close eye on the market trends. The fluctuation showing further downward trend then stop for some time, check how much time does it take to show upward movement. When movement of market is upward with more than 3 percent then you grab more coins. Remember if you have 100 bucks then either you could wait till lowest price point you desired most. because you may not know which will be the lowest point of current cycle (quater) so, decide a target. Make sure that target is realistic. Next check the market, you could put your bet/deal on exchange for mentioned price. Once that point is reached you will get better results.
You could invest gradual amount like first start with 20 percent each then proceed accordingly.
283  Economy / Economics / Re: Generating Passive Income on: October 17, 2017, 08:12:35 PM
Hey folks,

I realise that the simplest way to make a profit on crypto at the moment seems to be just buying and holding Bitcoin, but I'm curious if there are any coins or tokens designed specifically to generate ongoing passive income for holding them and if so, how they work?

Appreciate any replies,
Absolute passive income like rent a house from the bitcoin or alt coins is not possible. Those sites which assures the monthly income or for that matter daily return on your investment are scams.
One big example of such cloud mining scams is bitcoingrowthfund and gainbitcoin. Stay away from them. Somewhat real deal cloud mining sites have return so low that you may want to keep your money somewhere else.
Ongoing passive income is not something coins are designed for. These coins are there to put in use, many of them have actual use case. They don't need to be treated as commodity.
284  Economy / Economics / Re: Where can i invest my money? on: October 17, 2017, 04:19:31 PM
Invest your money in cryptocurrency because it is the future and its price will increase day by day.
This is a dangerous advise one could share with other. If one really want to invest their money for great return then bitcoin is the best place to go. The alt-currencies have not succeeded as greatly as bitcoin. Few currencies like ether have shown real progress on their own. Even they got backing from big investors, corporates as well. Most of alt-currencies go vanishing. Some gets  blown by the internal conflicts. One example is ripple lost its mojo after one of big holder of ripple announced donating big, big chunk to the charity. Ripple is still not recovered from that blow. Still it one top five currency.
So no matter how small amount you have go for bitcoin. You would definitely be on profitable side after long time (at least year or two).
285  Economy / Economics / Re: BTC Price Pumps and Forks on: October 17, 2017, 04:11:42 PM
Buying and selling bitcoin is kinda playing with fire.Oneday you will give all your profits in strong crash situation. Professional guys can see difference between real uptrend and pump by fat finger.
Intra day trading is like playing with fire in any commodity market, be it stock market, be it forex, be alt-coin. Unless you have insider information, trading with 100% is hard. Here to begin with, why bother on trading the bitcoin on regular basis. Just buy and HODL them. You could only check the market price if you really need the money. Otherwise trading must be kept to those who have better understanding of market, what is happening and what is bound to happen in next few quarter. Like current prices might be pumping up due to bitcoin fork in sight. Thus some who has known this would be busy buying more coins and ready for making that big splash for himself.
286  Economy / Economics / Re: Is it better to save money or invest it? on: October 17, 2017, 04:06:11 PM
Is it better to save money in bank or invest it online, in real estate or maybe gold?

What I will save in the bank is my money the will use for emergency. It is better to invest in Bitcoins because it has the potential to grow as per experts prediction the value of bitcoin will increase in the next five years and i think that is a good sign that evaluation comes from the expert. So if i will invest now i will hold that investment for the next coming years and will patiently wait for my profit.
Bitcoins are indeed the upcoming best investments and soon they are going to rule the whole world. You need to save money obviously so that whenever you are afflicted by monetary problems, you may not be begging others for helping you out in meeting your financial demands. Bitcoins are the best currency in the world at present and will remain best forever.
I have always preferred investment over savings because this way a person can increase his capital. I will also suggest not investing in online sites because most of them are scam and once you lose your money, recovery is impossible but there are many choices. Like someone can establish his own business or invest in bitcoins because it is no fraud.


Investment and saving are two essentially separate things and they are not alternative to each other. Saving is something which is useful when a requirement or necessity arises suddenly. At this point you need immediate amount of money. Here availability is the key. Investment on the other hand is long term or short term plan which locks down the investment for certain amount of time and after its maturity time yields the profit. Essentially increases the wealth. Thus saving is a necessity  where is investment is wise decision or strategy to increase wealth.
287  Economy / Economics / Re: Reason why you should Buy bitcoin now on: October 17, 2017, 03:59:30 PM
A single of the explanation why we should acquire bitcoin now is that it can be the currency of all countries, very adaptable, bitcoin community is amazingly powerful, it boosts your confidence as nicely way too. Its really effortless to use and inexpensive so what a lot more could you question for, every little thing was in bitcoin presently.
NO, NO, definitely no. Bitcoin has a long distance to cover when it comes to being accepted from all countries. Bitcoin community is powerful, that is correct. Despite that power they are still unable to fix current situation of segwit, softfork-hard fork.
The reason one should buy bitcoin is the value appreciation happening with bitcoin is amazing. No other instrument of investment has ability to return such kind of ROI. Bitcoin is powerful when sending money over wire to different countries. Irrespective of current price being all time high, bitcoin has been on bull run for last two year n there is stopping of it for fore coming future either.
Thus buy bitcoin with whatever amount you can invest.
288  Economy / Economics / Re: DON'T DO PANIC SELLING !!! on: October 17, 2017, 03:54:02 PM
Hey everyone Smiley

finally the price of bitcoins is increasing and was becoming more stable but ! Its price is again decreasing now... You know it will be very nice if you guys instead of dumping them hold on to them...
Dumping the bitcoins in panic because of the fear of the price never reaching this high value in future.. does affects the price of bitcoins in a very bad way!
Yes some people get profit form it but!!!it decrease your future chances of earning even more higher profit... And so does for everyone else...


Yes, this is a profound and proven point when it comes to the bitcoin. Buy, buy and HODL for long time. Those who have ability to move the market can benefit from pump and dump. However people who have minor stakes compared to the big players, don't need a involve in current market situation. Instead of buying or selling when markets swings quickly, one should keep remain tranquil and keep going on. If you have purchased coins previously and not in mood of buying more then chill out. If you are regular investor of bitcoin then just keep on buying regular installments. Panic selling is not going help irrespective of your selling on high point or low point. If you sell on current ATH then Sooner that ATH will be crossed shortly and new ATH will be set.
289  Economy / Economics / Re: Is bitcoin now the strongest currency in the world? on: October 16, 2017, 09:16:54 AM
Although, bitcoin is currently not the strongest currency, I believe
bitcoin has the potential to become the strongest currency.
Though, there have been some drop-downs at one time or the other,
bitcoin has over the years, risen steadily and I believe if it
continues to rise this way,  it will surely become the strongest
currency in the next few years
Bitcoin growth has not been steady but exponential and more dynamic. Steady growth is where you could find a link in ups and downs with specific reason happened at those times. This is not the case with bitcoin, prices were rising even after china initially restricted exchanges for considerable amount of time. Prices rose or may i say skyrocketed with there was anticipation of bitcoin getting accepted by American SEC. Remember bitcoin ETF hype, even after the bitcoin ETF was rejected prices kept on rising. In fact this year saw one big spike to 5k and suddenly prices were at 35k and now there nearly touched 6k . All this withing span of 60 days.
Strongest currency is a currency which has highest acceptance rate all over the world. Bitcoin is yet not there.
290  Economy / Economics / Re: who own the world's biggest bitcoin wallet? on: October 16, 2017, 08:56:28 AM
One thing I’m sure with that huge amount will not be put in one wallet alone, it was spread in portion for security and untraceable reason. Who would just leave it at one wallet anyways?

Even Satoshi Nakamoto knows that to be protected and not to lost bitcoin in bulk if the wallet they used can be compromised. He might have 50 or less wallet in him. Is it possible? Everything is possible in crypto world.

But until one will come out to the shadow and announced that he have the second most huge amount of bitcoin, the only way we will know his identity. Is it obviously impossible.
That is why a hardware wallet would go long way. Move the coins in many hardware wallets as per preference and then store these wallets in a secure vault. There are many secure vaults available which will store the coins safely.
In my opinion, really smart will prefer anonymity and store the coins in hd wallet and remain low profile. Without bragging about it, like hiding in plain sight. This works more effectively than being hyper secretive.
About the coming out of shadows, it is very dangerous for the person to do so. Because it is put that persons life in grave danger.
291  Economy / Economics / Re: Does this mean Cash will be extinct? on: October 16, 2017, 08:48:52 AM
Sweden is contemplating to stop using cash by 2023, does this mean cash might be extinct if other countries follow suit?

https://www.weforum.org/agenda/2017/10/sweden-could-stop-using-cash-by-2023?utm_content=buffer40bef&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
Countries which have infrastructure to implement the online transaction or cashless society will try to follow the suit. Going completely online without cash is pretty dangerous idea. The reasons are pretty straight forward:
1. Many countries don't have complete network coverage in its all states. Thus if someone is stuck in that no-internet zone imagine the situation.
2. Security of online transaction and the smartness, awareness needed from customers is still a concern. Customers, people should elevate their awareness about the online transaction, phishing attempts etc.
3. iF a country levies Charges on online transaction  then people will be more reluctant to go online.

The best scenario would where customers choose what type of transaction is more suitable for them and go with it. Online transactions are more easy to do  compared to cashone. It is difficult to see cashless society so soon.
292  Economy / Economics / Re: Most people dont even know what this is yet. on: October 14, 2017, 07:39:45 AM
Some ppl in Africa still don't know about Internet, so just give ppl some time
I think it's normal situations
Many people on this planet earth are not familiar with crypto currencies. In fact many from countries with internet access and fairly net savvy are still unaware of cryptos in general. Many people are unware of concepts of currency in first place.    Except students of economics very few understand what fiat currency is. Slowly but steadily people from advanced countries are using the bitcoin or crypto currency. Countries like japan who are actively using bitcoin and showing signs of successful adoption.
The global level adoption of crypto will take its time. This is beginning and once there is enough momentum in adoption then there is less chance of resistance.
293  Economy / Economics / Re: each state will create its own token? on: October 13, 2017, 07:08:52 PM
Hello people!As you consider whether each state to create their own tokens? under its currency?
There are some who are area in world who have local currency than national currency. Creating currency or token by each state is not good idea because currrency that is common currency is what keeps a country as a country. If each state gets different token then it is added load on the economy and danger to the society. Who is going to keep tab on these tokens from each state? Who will decide worth of token? with different or independent currency or token wouldn't it enable process of separatist movement?
It would definitely start a separatist movement, the states who have token value greater will try to keep others from entering their state.
294  Economy / Economics / Re: Why not just print dollars? on: October 13, 2017, 06:32:36 PM
Anyone who is interested in printing dollars or any other currency (including issueing unlimited quantities of crypto) consider what happened in Zimbabwe, or in post WW2 Germany. In both of these countries you literally would have needed a truckload of money to but a loaf of bread. The money wasn't worth the paper it was printed on.
Correct. If inflation needs to be control then there needs to be some kind of fiscal policy, monetary policy etc. Implementing these kind of policies helps in keeping tAB on inflation. However main problem is when a country accepts loan based development model then debt ridden economy is bound to get into trouble. Thus on macro level staying away from debt-oriented schemes as much as possible will definitely help.
It is important to cure the cause of the problem not the symptoms of problem.
295  Economy / Economics / Re: Bitcoin successfully defeated China on: October 13, 2017, 04:06:21 PM
I think the Chinese goal to ban Bitcoin was a wrong call. Very soon nobody will mention China when Bitcoin is discussed
People have already stopped considering china when talking about bitcoin and bitcoins movement. Effect of china or for that matter any other country on bitcoin's performance has crossed borders of any country. Once upon a time china exchanges has that power, now no one country has it. This year kick started bitcoins progress free from any country's influence. I mean bitcoin price gets positive effect whenever a country adopts or shows good signs about bitcoin. And at same time any negative sign from country shows some dip in price however that dip is covered up so quickly that new all time high is scaled in that process.
296  Economy / Economics / Re: Make money from money on: October 13, 2017, 03:15:01 PM
Investors becomes successful in their investment because they researched and study first before investing and they always put 100% of their trust to their investment even though there will be a risk. Positive thinking is also a must if you want to become a good investors and make money from money.
for me the best way to make money with money is by trading altcoin. Well, even though it is something that is not certain, but, when you have mastered it, you certainly can make money with money even if it is not stable and i think being not stable is the main key through which we can make money through it and it provide us many ways to increase our earning.
trading is the best way and time to time it will help to make you perfect and understands its ethics of it.  Learning is the best thing in trading for example when it comes to bitcoin investment you can be at position where you don't really know what to do. In that case your knowledge is the one which helps you quickly find answers to your questions and it will only comes with time as you gain experience.

Trading is kind of active way of trying to get more money with existing money. At the same time putting money in bitcoin ( or for that matter in other alt currencies ) and waiting for prise hike is passive. That is irrespective of ups and down in market passive investment will not touch/move the asset at all. Once expected rise in price level is reached one think about liquidation in full or in part. At trading decisions are made on what is happening and what may happen.
With trading risk is high at same time risk with the passive is somewhat less.
297  Other / Off-topic / Re: Young people should go all in on bitcoin on: October 13, 2017, 08:40:25 AM
I am old, should I purchase bitcoin Roll Eyes I prefer ETH  Grin
ETH is good and more affordable than bitcoin. current price of bitcoin which is around $5735 is out of reach for many. Those who less money for investment may consider eth. However it is better to purchase gradual, fractional amount of bitcoin than going for eth from profit perspective. The way bitcoin is going on is just spectacular. So I would suggest some satoshi as your budget allows. Going for eth is also beneficial, just not much beneficial as bitcoin.
298  Economy / Economics / Re: Why people scam on: October 10, 2017, 07:02:47 PM
When people do not have jobs and they can not earn money and in the lust and need of money people try various immoral ways to earn money to satisfy their needs. One of the methods that people try is to scam and fool people who are a bit dumb or maybe the scammer is smarter to earn money. IF you are smart and manipulate people you may easily scam people and take theri money.. Overall it comes to conclusion that sometimes it becomes a need or it is lust that causes people to scam other people.
I think different people have different reason to become scammer, For example some people start scamming as they do not have any proper job to earn money, and when they feel the intense need of money so they do not have any other source of earn money except to scam people, secondly some people become scammer because of their environment, their companies also have great effect of their mind and so they start scamming, some people do scammer because some other people compel them to do so. Therefore we can say that different people have different reason to scam other people.
My two cents...  I think scamming is art of seduction misused. Remember scamming is a art and science in itself. Considering OP's point that people would rather let someone starve to death than helping needy. The scammer manipulates very same people to give their money for easy money in return.  Committing a crime when someone is in dire need of money like family member is in life or death situation is different scenario. However when person  aspires lavish life without working honestly about it then that person starts scamming other people.
Remember scamming people is to spot the weakness of people, taking advantages of weakness of other people. All this takes a showmanship, confidence, ability to remain steady in the event of someone trying to call your bluff.
299  Economy / Economics / Re: When will more retailers accept Bitcoin on: October 10, 2017, 06:02:18 PM
Depending on their state regulations, retailers have the potential to help the state from the tax sector if using bitcoin, but most are constrained by rules that only allow e-money (fiat) as a means of payment; There should be a trigger from some developers to provide btc-fiat conversion services to be a middle ground between consumers and retail businesses.

Yes this may be great solution for all of the problem that might come with this. Think that most dont want to use bitcoin cuz of this, they will need account on exchange convert transfer to many operations for one payment. Maybe it will be that some major ones use this conversion in real time at least as a test to see how might turn out to be.

If Japan is doing it successfully so far then there must be a way to replicate the same in other countries as well. As far as adoption is concerned if buyers are interested then sellers will also try their hand on bitcoin payment. I mean What is one of biggest hurdle with bitcoin -> is it time to confirm the transaction or is it security about getting money back like we get with credit card or debit card purchase. As things are working in Japan then these fellas must have thought about above issues. There must be a work around for security on money back as well.
Major part in these kind of situation is from the govt. Because it is the govt which will legalize the use of certain payment system. If govt allows the vendors, sellers to use the bitcoin then you would increase in bitcoin adoption for actual purchase of goods and services.
300  Economy / Economics / Re: How to invest in bitcoin? on: October 10, 2017, 09:02:02 AM
It's simple to invest your money into bitcoin. You just buy some bitcoin in exchanger which is in your country and save them for a long term. But its have high risk. I suggest you to do trading, after you buy some bitcoin. If you have big amount , you can do mining. Bitcoin is fluctuative digital money.
You might have confusion about the HODL and trade. You mentioned storing or saving bitcoin for long tiem and it has high risk. Thus you are suggesting trading. Huh trading is next level high risk activity one could do with bitcoin. If and only if you know how market is moving, what is happening in global market level and based on the analysis of these kind of things you deduce what might happen in future. And then you place your bets on bitcoin. This is trading. Few things are important to understand when it comes to get benefit from the bitcoin.
1. If you have less money for investment purpose, buy some satoshis or bitcoins as per situation and store it safe.
2. Repeat step 1 regularly
3. If you understand or able to predict what may happen in market then put some coins in trading
4. If step 3 is not feasible then step 2 is for you.
5. Keep your coins in your hardware wallet for long long time. You will be amazed after five to ten years realizing your saving value increased by bitcoin.
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