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2901  Economy / Economics / Re: bitcoin in developing countries on: August 12, 2018, 12:31:16 PM
at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?
Well it depend on the people of that country. Cryptocurrency could actually affect the economics of that certain country especially if more people on that developing country had joined the investment. Meaning some of the percentage of their money goes to bitcoin or cryptocurrency where it could stay for a months, a year or even a decade.
2902  Alternate cryptocurrencies / Altcoin Discussion / Re: Should continue join ico? on: August 12, 2018, 08:51:32 AM
There is an ico from the Krypital team: Merculet. The project of this team was quite successful before: Cybermiles, Arcblock. Do you think this is a good ico? Should continue to join ico in the moment?

Yes and you can be with the team that promoted ICO projects successfully as you stated above. As we all know that the that promoted the project also matter and its project also with the concept and the utility of the token in the near future after if project would be successful. I do believe that there are many teams here that could successfully promote the project and make successful just do some research before joining again an ICO project.
2903  Bitcoin / Bitcoin Discussion / Re: Will bitcoin in Southeast Asia be legal? on: August 12, 2018, 08:13:40 AM
Because to my knowledge there are several countries in southeast asia that have not legalized bitcoin. And what is our endeavor for bitcoin in southeast asia to be legal like any other country (which has legalized bitcoin).
Will the impact be positive or negative?
It is already legal especially here in the Philippines and the impact would be positive of course. If only we could decentralized also the use of bitcoin in just our country then definitely bitcoin market price on our country would definitely goes a good market price increase along the way. ICO projects are being registered so it is impossible to scam every investors because if the team did scamming activities they will be put to jail.
2904  Economy / Economics / Re: Do you approve this strategy: sell alts buy btc? on: August 11, 2018, 06:43:17 AM
I read this article, but I want to see opinions, would you sell all your alts to have only bitcoin now ? I don't think this is recommended

https://cointelegraph.com/news/buy-bitcoin-sell-your-altcoins-says-pioneering-wall-street-blockchain-analyst
yes of course bitcoin must be prioritize instead of having alts though some altcoins could go relatively strong but it does not guarantee that all altcoins will go strong because some of the altcoins in the market will just be dump forever because of the team bringing that project that does not made a good actions and plans to prevent those event to happen.
2905  Bitcoin / Bitcoin Discussion / Re: Newbies to Bitcoin can be dangerous! on: August 11, 2018, 06:09:51 AM
I have run into several Bitcoin "newbies" over the last couple of months, that are spreading the wrong information on forums and/or in person. Their intentions is good, but the results is bad, because they did not do proper research.

Some of these people are selling themselves as experts, because they have been in the scene for a few months. I have been in the scene for years and I still know very little about EVERY aspect of this technology.

I think you should rather admit it, when you do not know something about the technology, than selling your little knowledge as facts. I will regularly tell people that I am not clued up with every aspect of this technology, but I always try to do proper research, when I encounter something that I am not 100% clued up on.

~ Ask, if you not sure.
~ Do not lie, if you are unsure.
~ Do proper research, before you educate other people.
~ Accept that you will not know it all.
~ Fact check what you already know.
~ Do not argue, if you not sure about your facts.

Let's agree that we all learn something new about this great technology almost every day, so only a small amount of us are experts.  Wink
Yeah this goes to me also based on my experience here in cryptocurrency actually as a newbie i lose some of my money for i could not speculate the right market price for bitcoin. I am holding bitcoin believing that one day market price could go up but it seems does not happen so there market price goes down and down abnormally and i decided to sell that resulted me to lose some of my money. Well i do not have regret because i am going to invest again if market price starts to recover.
2906  Economy / Economics / Re: Cryptocurrency wallets: Can they be hacked?? on: August 10, 2018, 07:40:06 AM
I am very interested to know if cryptocurrency wallets like Bitcoin Core, NEON, Electrum can ever be hacked ?
Yes of course it could be hack especially if you fall to a trap wherein scammers a tool that will going to scam you. Some of the scammers or hackers will let you sign up or register to an account that will relatively be a phishing tool for them to get your important details on it that could let them log in your wallet using the information they retrieve from you especially the private key of your digital wallet.
2907  Alternate cryptocurrencies / Altcoin Discussion / Re: 46% of last year's ICOs have failed already on: August 10, 2018, 02:36:05 AM
https://news.bitcoin.com/46-last-years-icos-failed-already/

  • 46% of them are effectively dead already – despite raising over $104 million.
  • 902 crowdsales... 142 failed at the funding stage and a further 276 have since failed
This is because they had seen some good opportunity on creating a project through ICO that will help the team to implement the project through the capital or money of the crowd. This is the opposite to capitalism wherein a single individual will bring the implementation of the project and for sure capitalism are for the rich people that can afford to implement the project.
2908  Alternate cryptocurrencies / Altcoin Discussion / Re: What are you still afraid of? on: August 09, 2018, 07:50:00 AM
Some people have been afraid of crypto for quite some time now. I feel majority ought to have overcome this fear.
- People still panic and loose their profits.
- Some panic and loose participating in good projects.
- Some panic is loose their holding.
- Some panic and miss the opportunities in crypto.
If fear does not do any good, why do we then still fear?
Yes this is very true to those invsetors who are now getting panic selling on their crypto. It seems like there are few already had tried to pull out their money even if they lose some of it. Anyway it could be recover when for things in the near future will be gone right. Just have some faith and you will be successful.
2909  Economy / Economics / Re: Banks admit they fear BTC on: August 09, 2018, 05:31:17 AM
Yes, because BTC is always a risk to break down the business of the banking sector, today the growth rate of the cryptographic market is increasing rapidly as rushing, which may occupy the entire financial market on world

I do agree on that, most of the people now a days prefer to invest on cryptocurrency more than placing their money on banks which makes their business loose its edge on the industry and that's why they are scared of crytpocurrency growth.
No actually it isn't that banks will going to fear wherein cryptocurrency has being created. It is that transaction could be made possible using the P2P service wherein they could not get a transaction fee on it because it is an independent transaction. However, these banks should not fear because as the other members stated that the bank could be use as a third party for those local exchanges to collect payment and will enable its client to convert fiat to crypto. This is where banks could earn on by being a third party of those local exchange in the collection of fiat.
2910  Economy / Economics / Re: Banks admit they fear BTC on: August 09, 2018, 03:51:14 AM
https://cointelegraph.com/news/polish-central-bank-secretly-funds-anti-crypto-youtube-propaganda-videos

Something i have been suspecting for a long time, now it has been officially confirmed.

Banks and governments have been investing in fake news to discredit the cryptocurrencies, because cryptos can save us from poverty and slavery.

The news against BTC indeed seem terror messages made on purpose.
There have been too many, too frequent and too aggressive fake news, and i felt like something is fishy about them.

Bitcoin is a way of letting common people have their own money in their hands like normal cash, and exchange money[1] with other people directly from remote (that is a plus compared to cash ).

This is good for us, not for the evil ones.
Our beloved gov guys prefer us to put our money in a bank account, which is like we are lending them our money and hope we will see it again.
That is also why the govs are trying to reduce or ban normal cash ( e.g. read this https://www.zerohedge.com/news/2016-12-14/real-reason-elites-want-ban-cash , or this http://moneywise411.com/government-attempts-to-ban-cash-whats-most-disturbing-is-why-theyre-doing-it/ ).


Go crypto and HODL my friends.
They fear crypto because it can save us




---
[1] With "exchanging money" i don't mean just forex trading, but all commercial exchanges like buying goods directly from other people
---

No it is not only that because as the system proposed a project implementation that really the community will be benefited and not only the capitalist. As we all know that in ICO period the investors are not just a single individual because the project is basing on the crowd investment. So this way those capitalist got scared and they know that their business will going to have a lot of competition and could slow down their business.
2911  Economy / Economics / Re: Cryptocurrency or Stock Market? on: August 08, 2018, 02:44:26 PM
As we all know, stock market had been there for a very long time now and on the other hand, cryptocurrency is a fast rising trend when it comes to the world of trade and commerce. Some may prefer to invest in crypto because of high returns but some will still go with stock market and play it safe.
In your opinion, what will be the best option to invest your money on?
I prefer to go with cryptocurrency rather than stock market though i am not really familiar with stock market and for me it seems that cryptocurrency has the edge over it. As we all know that the marketcapvolume for cryptocurrency is one of the biggest volume for a currency. And taking advantage on its market price volatility would be ideal also to start with.
2912  Economy / Economics / Re: [ASK] How are you going to handle too much debt? on: August 08, 2018, 09:40:49 AM
what would you do if you had so much debt and that your income was not enough to repay your debt installment?
how will you deal with it?
how to solve it?
It is really difficult to handle too much debt because this is not just simple problem that to be address lightly. Lifestyle is one of the main reason why an indvidual will going to fall too much debt so i suggest that to solve a problem financially you have to check your lifestyle and change some of your ways where you will going adhere.
2913  Economy / Speculation / Re: Why we will see $50k Bitcoin end of year on: August 08, 2018, 05:25:20 AM
The last time the CBOE launched a Bitcoin financial tool, futures, we saw $20k. Recently rising Bitcoin dominance shows people betting on the latest CBOE tool, ETF, being approved.

Bitcoin dominance is heading towards fifty percent by marketcap. What does this mean for the price and how should traders and investors view it? Marketcap is by far not the best metric to read dominance, but that doesn’t mean it can’t add value to your trading.

Latest Podcast Episode Discussing More Details

https://soundcloud.com/buy-or-sell-what-the-hell/does-bitcoin-dominance-matter-to-traders-35



Well we do not see it for now because market price for bitcoin lately is not that really good. The market look so bad for now and investors began to withdraw their crypto as to avoid the possibilities that crypto will going to end in the near future. Anyway good things are still up with cryptocuurency and it is a matter of time that the crypto will going recover soon.
2914  Bitcoin / Bitcoin Discussion / Re: Bitcoin investments? on: August 07, 2018, 09:48:47 AM
When big boys enter the picture, the rule has changed. Bitcoin then becoming a fprm of investments, and no longer the original vision of satoshi, iguess its really inevitable, specially during the 2016-2017 when it peaked at around$20,000. It become a speculative asset, and others tske that as a opportunity, trying to make quick bucks, or even putting thier whole life-savings hoping to become rich.


Because of its form which is a decentralized form of digital currency and that how volatility of its market price started. It is just like on the stock market concept that which you buy a currency then trade to other currency and earn. And the good thing in bitcoin has a high market price volatility and this is where investment started.
2915  Bitcoin / Bitcoin Discussion / Re: Is the world ready for cryptocurrency? on: August 07, 2018, 06:44:44 AM
Although there are a few countries who uses bitcoins and other cryptocurrencies now, I cannot help but wonder if the world is truly ready for this digital currency? It will certainly be hard to replace all currencies in the world but it could happen in a decade or so, perhaps even less? Still the question is, is the world ready? I think if this happens it might be one of the biggest changes that will happen worldwide.
Of course in this era wherein the cryptocurrency now is being one of the considerations to be the most innovative creations on this era of digitalization. As we all know that there cryptocurrency could contribute on the development of digital specifically on digital currency.
2916  Economy / Economics / Re: Mistakes That Make You Poor Poor In Cryptocurrency on: August 07, 2018, 04:08:24 AM
With cryptocurrency, you have to be careful with any fraud and theft. and usually many people who are caught in the losses in the world of crypto is:
1. Not Backup Key
2. Electricity Billing Mining More
3. Lunes In Phishing Sites
4. Buy Coin With Rumors
5. Create a weak password
6. Steal With Stealth ICO

With cryptocurrency, no bank or other institution or regulation will protect you in the event of a loss.
Actually i do not consider this as a mistakes because these are just weakness and not having preventive measures that these things could really happen. These are considered as cautions to everybody who do involve on cryptocurrency. Anyway we have common sense we know what we should do.
2917  Bitcoin / Bitcoin Discussion / Re: I'm leaving Bitcoin on: August 06, 2018, 09:39:56 AM
No, this isn't related to the Bitcoinica hack. The hack just makes the choices obvious and straightforward.

I, Zhou Tong (Zhou is my surname), will discontinue all involvement in Bitcoin-related projects after the Bitcoinica incident has been fully resolved until further notice.

I always believe in Bitcoin, or simply anything that brings people financial liberty. I have heavily invested in Bitcoin (I purchased one 1,000 BTC gold coin from Casascius and will keep it for as long as I can). And I have enjoyed what I have done for the Bitcoin community.

Really, thank you for all the wonderful support. It feels great to have an experimental project become the "best thing since sliced bread", and run one of the most profitable businesses in a new economy. Bitcoinica has a total historical revenue equivalent to about 0.67% of the whole Bitcoin economy. Not even Apple can match this record in the real world economies.

The first time I read about Bitcoin was in late 2010. My first reaction was "these coins are cheap, maybe it just doesn't work". I learned about Bitcoin again in mid 2011, when the first bubble started. I bought my first Bitcoin when it fell to $8. I told all my close friends and classmates about Bitcoin, simply because I think it's a cool idea. The idea of a margin trading platform quickly went into my mind, and I started working on Bitcoinica.

I lied about the time it took to build Bitcoinica. (I said I spent one week on it.) I started on September 4, 2011 and launched on September 9, 2011. Just four and half days. In a week, trading volume passed one million dollars. I started making profits like crazy.

In November, an investor approached me to acquire Bitcoinica. Due to regulatory concerns, I agreed to the deal and signed the agreement. Bitcoinica was sold for a good price. However, since the investor is unable to arrange for a replacement team, I continued to become the sole operator until Team Intersango took over two weeks ago. The investor let me keep all profits until late January, the official handover time. After handover, he continued to offer generous salary and performance bonus every month. The investor demands his identity to be protected so I won't share more information on this.

I left school in Singapore and decided to continue my education in Australia. I made the decision because of the Internet industry, and the hacker culture. I'm a web developer and I want to become a really good one. I want to work with smart hackers and wonderful designers to change the world. Singapore isn't particularly good at this. (Obviously, US West Coast should be a better choice, but for some other reasons I didn't consider US.)

I have started working on another project (not Bitcoin-related) that is going to make a little difference on the Internet. So far I have achieved great progress and I'm pretty confident about this new venture.

My life hasn't changed much except that I became more confident after Bitcoinica's success. I realized that I have the power to make something profitable. Such kind of confidence is extremely hard to get, until you really experience a significant success. I worked on several projects before, and all of them failed eventually. I thought I was confident because I kept building new stuff and improving myself. But the real confidence comes from the success itself.

I failed at one thing though, that is generating value for the society. Bitcoinica did create a place for people to trade more efficiently and provide liquidity to the market. However, speculation is a zero-sum game (or negative-sum, strictly saying). I know there can be many justifications for Bitcoinica's value, but all of them are against my intuition and values.

With the confidence and the innate intuition to build wonderful things for a better world, I decided to move on. I didn't quit Bitcoinica because it's the only source of income that I currently have.

I know that my time is valuable and industry establishment is really important. I don't want my name to be remembered by only Bitcoiners. It's true that I believe in Bitcoin's potential, but not everyone believes. If I'm a influential person I wouldn't have to do this, but the best way to be known in the Internet industry is to build products that save people time, money and headaches.

I'm going to be a young entrepreneur that solves problems for everyone. I leave Bitcoin only because it doesn't help address my real needs. Making money isn't that important after all.

I'll be a Bitcoin lover forever, and I will come back to this forum regularly to discuss about the future that's in our own hands! I will keep the 1,000 BTC  gold coin as a lifetime investment and I'm pretty confident that it'll be the best investment ever in my life.

Bitcoin FTW!
Well that is your decision that should be respected. Actually i do not know you personally but after reading your post it seem that you had a good time contributing to what bitcoin nowadays. Your profit and earnings deserve you well on your effort to change and contribute a lot on bitcoin system. Good luck man on your journey may you get what you want and come back here soon if you wish to go back again and do business with bitcoin.
2918  Bitcoin / Bitcoin Discussion / Re: At what price will you panic and start selling coins? on: August 05, 2018, 02:33:31 PM
A lot of people are reaching a point where they are considering selling their coins. I would like to know, what your "panic" sell

point is?

I bought most of my coins at below $1000, so I am not worried at all about the drop in the price. I will never walk away from

Bitcoin losing any money, because I sold some bitcoins when the price reached $19,000 last year and made back all the

money that I invested. Some people bought at $19,000 last year, and I think many of them sold already. Do you have a point,

where you will push the "panic" button?

I doubt that it will go down much further, but if it does... where would you start selling your coins?
Below 6K USD is already an indicator that market is not good and should sell bitcoins immediately but after seeing that bitcoin will go higher again then i would buyback again so as to get again the chance to profit on bitcoin though it has been a lose on some of the money but then this is the risk so we should know it and accept it by nature.
2919  Bitcoin / Bitcoin Discussion / Re: Bitcoin or Property? What might be the best investment? on: August 05, 2018, 10:12:08 AM
We all want to live in big houses that we cannot afford.  Roll Eyes

We are all Bitcoin enthusiasts here, however, Bitcoin is, let's face it, a high risk investment.

If you bought Bitcoin at 200$ (or 2$!) and sold at 19000$, the road to "big house" is easy. But most don't do that, exactly because they don't afford to do that.
And if you have to watch your investment scared that you may be losing money, like many who bought at 12k-19k last December, then you better stick on smaller goals.

The best approach imho is to achieve something stable you can afford with the traditional way, even a loan in the bank, and invest only some surplus "you can afford to lose" into crypto.
Of course, the bank loan doesn't have to be too big and nearly impossible to be paid. And then, whenever the crypto currencies grow big enough for your needs, you can pay the loan. This may happen in a year, or 10, or not at all. If the loan is paid with the help of crypto, then you can dream for something even bigger. One step at a time.

Yeah it should be in the process and we should not forget that buying a property with the expectation that it could be achieve with cryptocurrency easily is not true. The system could guarantee you earning but not fast as others would  say about bitcoin market price volatility. As we all know that the thing that we could be able to earn on the system is to invest bitcoin in bitcoin in lower amount or market price then sell when market price goes high. For now, market price for bitcoin is cheap and this is the best time to invest on it.
2920  Economy / Economics / Re: Economy in your country on: August 04, 2018, 01:56:40 PM
I believe the economic situation in a country is a function of the views of the people in government and decision makers. When the people are not futuristic and are blind to the opportunities as they present itself, they would still be swimming in ignorance. For instance, some countries are seriously looking at cryptocurrency while others are waiting sheepishly.
Yeah relatively true that is why if you will going to consider one of the most powerful countries in the world like USA had already accepted cryptocurrency and regulated it in a form where the team that manages ICO project could not run away if they will scam the investors. And this is the good thing about the government meddling around the cryptocurrency. And it has a positive result where ICO Scam were minimize.
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