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3221  Economy / Economics / Re: How does bitcoin become a currency? on: June 11, 2018, 03:05:33 PM
Bitcoin is already a currency, it does not need to become one. You can buy and sell things with bitcoin and that is what a currency is for. Although now I think people use bitcoin as more of an investment than as a currency but that does not mean that bitcoin has stopped being a currency.
Bitcoin is not a real currency it is the virtual one. It is created by digitally and use by digitally. In my opinion it a currency because it doing all those things which are done with the help of real currency but in digital way. Many online merchants and business using Bitcoin as trading tool. They taking Bitcoin instead of real money from their customers. Bitcoin  is also use to pay monthly rents, EMIs, water and electricity bills etc. Bitcoin is also convert to any country currency like a real currency. And like this there are some other uses of Bitcoin is present which are comparable to real money  Smiley

Bitcoin is a crypto currency, its been used by investors thru trading, and the new comer in the crypto currency market. the growing acceptance on Bitcoin as one of the top coin posted on the market, indicates that they been following,investing on Bitcoin, i am looking forward that Bitcoin will be use as a mainstream currency in the future replacing FIAT money.
3222  Economy / Economics / Re: regulation and legalization of cryptocurrency on: June 11, 2018, 02:51:21 PM
if a country only limit 7 coins only, then the value of the coin will surely rise, but if only 7 coins in legalkan, how about the other coin? with these restrictions will instead create a lack of innovation and creativity, going forward because of restrictions on restrictions it will create a setback and saturation because there are only 7 such coins

The never ending issue of Regulation on crypto currency, well, its a good news that some crypto currency was accepted  in Thailand, it just show that the future of crypto currency is getting more visible in the market treed. the growing acceptance of crypto currency in the trading market indicate that people or business traders already embraced the that Bitcoin  and other crypto will be in the future use. Yes, some issue on regulation still hanged in the hand of financial institution by the government.
3223  Economy / Economics / Re: its not about how much you invested, its when you should invest? on: June 10, 2018, 10:16:19 PM
With such an unstable market now, nothing can be anticipated. So unsettled the more unsettled. When people fear, they will hesitate to invest. So the demand has fallen, and prices will fallen.

Market is volatile, any happened in the market trading, the price value can goes up and goes down at any given time, dependent on the volume of investment coming in with the Bitcoin project.Yes, the timing of investment is also a factor to consider, one should learn to be patient, hold on to your investment, whether it is for short or long term investment. the price value react to any bad or good news about the Bitcoin or crypto currency digital transaction, like the issue on Banned, Scammer, and never ending issue on Regulation by the government financial institution.
3224  Economy / Economics / Re: Blockchain will help Economy. on: June 10, 2018, 10:06:41 PM
Blockchain technolohy will eliminate the need for centralized institutions such as the bank and government to simplify trade relations, turning the traditional financial and commercial model into something more interesting: a distributed, transparent, autonomous system for moving funds. Blockchain gives us the technological ability to create records of all human trading relations, currency exchange, all kinds of digital and physical assets in a completely new way.

The Blackchain system is a very good options to be adopted by the financial and business institution, yes, a digital recording system on its transaction, this could facilitate all transaction with advanced system on data safe keeping, or data recording. But with relation to the improvement of economy, i am not so sure if this would help out or contribute to the economy.
3225  Economy / Economics / Re: Bitcoin price "drop" on: June 10, 2018, 04:12:40 PM
I feel like it's my obligation to share my 2 cents on current "steep" drop of bitcoin price. I find it absolutely unbelievable when people say how low the price of btc is, speaking of the price at $10k or $11k. Those who have been in this industry long enough to remember the price of btc to be $5 are just shrugging their shoulders short of words.

What I'm trying to say is that those new community members so called "hypers" should stop spreading fud when price goes down and same goes with price growing. Actually growing price of btc is kind of problem as it's starting to miss its original purpose of cheap quick transactions. We need people focusing on real value of this ecosystem rather than moon kids...

Thanks for hearing me, couldn't help myself
I am also annoyed with the negative issues spread by some people yesterday, this will have a negative impact on bitcoin values, is there a way to stop this issue?


Yes i agree to you mate, this will bring the value into dip if everyone is always giving the same feebacks like what others do. What you see in the price now is currently $8314.42 is recovering and it increases anytime with in this few weeks because the demand has finally getting smaller in the market.


Market is Volatile, it react on any issues posted on the market, FUD, and other things. it does react on this bad or good news on the market. but, base on  the market as posted, the price value goes up and down, it depends on the volume of investment on the trading market, and stabilized on the favorable status, and it still, remains on the
top among the ALT coins.







 





Price recovered already and maybe we can see more with it since looks like the hype is on the loose and fuds has been driven out by good things, and the only thing we need to do for now is to wait and earn with the current flow and hold our grounds since if we lame and act fool around then we cannot earn with pump surge coming on it.
3226  Economy / Economics / Re: Financial Crisis Will Come on: June 10, 2018, 03:51:48 PM
Merited for good observance of what is happening with the world.  Grin
Love the last part.
Mutual funds, insurances and retirement funds. All of this had a larger risk even before.
We do not see it on news. That had been a question for me for a long time.
I have seen a lot of old people and their stories about how they went down just because of this.

First they say bitcoin is not real because it doesnt have a physical attribute. Why not go with gold then? They say it is too expensive?
So where will you go? Investment scams? HYIP? Pyramids?
All of those got no physical appearances also. It is just the owner who will profit from all the work of inviting more people.

Stop it. Go for the real one. Bitcoin is. Just look at how much it rise after a year. Then you can go withdraw if you want.

PS: Please. Not the banks.  Grin

A lot of issues now coming about Bitcoin, the issue on Banned,Scammer, and the principality of Bitcoin in the market. A decentralized system in the Digital transaction is no relation on the possible financial crisis, One economy can suffered crisis due to other reason, like inflation, over supply of FIAT money, problem on the supply and demands of the prime commodities such Oil products, utilities, foods, industrial materials, devaluation of FIAT money, like USD,YUAN,YEN...etc,etc, which may result to drops in the market trading or stocks trading.
3227  Economy / Economics / Re: How much more fall is possible ? on: June 09, 2018, 03:58:09 PM
The only price range holding us from a severe crash is $6000. Once $6000 is broken, everything will fall apart, eventually leading us to even sub-$1000 which, I know is a pretty low yet probable price we'll be seeing ourselves. Right now, it's just playing between $7500 and $7700 for pretty much a week now, and we haven't seen any strong bull or bearish reaction yet. We're up for a sideways market up until one faction makes the first move, though I'm not seeing a major shift of the paradigm yet given how sloppy the market was in the past few weeks.

Market is Volatile, anything can happened at any given time on the market trading transaction, the lesser the transaction the lesser the movement, but, volume of investment is always contribute to the level of confidence on Bitcoin by  a lot of investors, some are just waiting for the right timing to put in their investment on Bitcoin, i am looking forward for the full recovery of Bitcoin after this ups and down on the trading market.we wills see the more stable Bitcoin in the coming days.
3228  Economy / Economics / Re: Speculation on BTC on: June 09, 2018, 03:50:44 PM
I was reading the Speculation section from the Economics forum yesterday, and two guys from the BTC Foundation said that 2018 will be the last time that Bitcoin will be under $10,000. I believe that this statement was made to lessen the worry that comes about every time that BTC drops. I don't know how anyone could make that statement in full faith though, as the nature of altcoins is its very volatility. Since it is not tied to normal economic conditions as fiat currency is, I don't quite see where that prediction comes from. The fact that many economies are talking about some type of oversight does show that acceptance is gaining and perhaps is a harbinger of more stable, and higher, prices.
Stabilization of Bitcoin's value is not beneficial to those who own it. After all, he was bought as an investment and he should bring income. So there are up and down swings, from 7K to 10K. This I think is the main reason.
And I do not exclude large investors who throw out large sums.

Prediction on Bitcoin price or the stability is always a concerned of investors, any movement on price value could trigger the possible ups and down on the market treed. We can never tell what will happened next, market is Volatile, anything can happened at any given time on the market.But with the stable market status of Bitcoin it will remain on the top among all ALT coin posted on the market.
3229  Alternate cryptocurrencies / Altcoin Discussion / Re: bitcoin or litecoin ? on: June 08, 2018, 11:04:53 PM
Well? Let's hear it.


Bitcoin obcourse i know litecoin also is a good choice since they are both long time already and litecoin already gave us a good performance for a long term trading and staying strong. But im still picking bitcoin since bitcoin is i was always using and more easy to exchange in our local fiat currency.

Still Bitcoin, in fairness to litecoin, Bitcoin can not be compared even to other crypto coin posted in the market, Bitcoin had already gone thru a lot of things in market trading world, we've seen the issue on Banned,Scammer, and the issue on Regulation, Still Bitcoin remain number one among all ALT coins until now. yes,price value  may goes down and always come up, recovered, and stabilized on the market trading. the volume of investment increase everyday.
3230  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Medium is Integral to Building Blockchain Awareness on: June 08, 2018, 10:56:17 PM
I think medium is one of the few places where you can actually host great crypto content.

Most social media now hates it and even banned ads there, so for now, medium is still best.

 This maybe a new style on promoting crypto project, market strategy is very important in promotion of one coin, it would be beneficial to the readers to have more topic or option to read in the treed, yes, it create more awareness as guide for new investors or possible investors. a lot of site in social media is critical on crypto, we can see the banned was implemented at their site, with this new site for either promotion or campaign still a good news for crypto world.
3231  Alternate cryptocurrencies / Altcoin Discussion / Re: Leaving Your Job is The Worst Idea on: June 08, 2018, 01:34:05 PM
Previously I discussed this question and mostkybpeople were agreed to me that they would hate to leave their job for the crypto currency.

However, there were around 20% people who believed that they have made right decision by leaving their real life job. Thus it makes sense that leaving job is not the idea of many people as most of them are scared to do such things. It’s risky as it takes life’s security and take you to the situation of life where you have to make hard decisions. This better to keep both and stay secure.

My opinion on this topic is simple...Quitting the day job of one person is an individual decision, maybe he or she has a lot of reason, and find the Crytpo trading market is more beneficial to them, maybe, they hit the jackpot on trading and able to save a lot of profits, or just tired of heavy load, and they would prefer crypto which is less work or would not required to say boss, yes mam, etc etc..but for some, would just managed their time for day job and for crypto. it is still an individual preference.
3232  Alternate cryptocurrencies / Altcoin Discussion / Re: Effect of Crypto in FIFA world cup . on: June 08, 2018, 12:51:36 PM
I think it is very good, because more transactions mean that new people will be interested in this and will saturate the market with their purchases!


FIFA event is very good venue to market crypto currency, some may go into trading market, yes, it may affect the price value of crypto but still it will always depend on the volume of trading or investment using crypto coins for such event. For marketing of one coin like Bitcoin is an add on promotion, if this will be put into play where Crypto investors can actively participate via trading of crypto currency coins on this event or thru payment  for the tickets for this FIFA event.
3233  Economy / Economics / Re: Is bitcoin actually protecting fiat money? on: June 08, 2018, 12:36:48 PM
The biggest threat to fiat money is inflation. Inflation can be cured by injecting wealth into the economy and by that rising enough belief to keep the system afloat. This can be done for instance by occupying foreign countries and by that opening up new markets to the companies that are essential to the economy. Or this can be done by loose regulations with the derivatives markets, that will create wealth out of thin air and high hopes.

Can it be that pumping of the crypto markets is just another financial shenanigan created to keep the old system afloat?
They are creating new wealth out of nothing with cryptos, just like with derivatives. The made up wealth that is created, is actually backing the value of fiat. This would make sense why regulators seem so blind on goxdollars and tether.

Inflation describes a condition where money is printed at increasingly higher volumes. The supply of money inflates causing the individual value of the currency to decline. These inflationary circumstances carry a number of known and documented implications and if it becomes enough of a problem can achieve the opposite of injecting wealth into an economy over the long term. Examples of inflation achieving the opposite of "injecting wealth into an economy" are current era venezuela, hyperinflation of the zimbabwe dollar years ago and germany post world war II.

Occupying foreign nations via military force also typically does not "inject wealth into economies". An example of this is the united states spending more than $6.5 trillion on war in the middle east. Debt and cost liabilities associated with war are typically far higher than any purported value the US economy gained in return. War can often have a negative side effect of destroying markets, infrastructure, economies, jobs and other things which cause economic decline on a global scale. Loose regulations in derivatives markets can have negative side effects. An example of this are leveraged derivatives attached to subprime mortgage assets which played a role in economic issues in 2008.

I for one wouldn't mind if crypto were utilized in a role of helping economies, families and nations stay afloat. It wouldn't matter where it came from if it exerted a positive influence on the world, that would be great.

Yes, somehow Bitcoin is helping economy of one country were the number of Bitcoin user is significant in numbers, but, the financial institution or business institution is the one controlling the Economy, the supply and demand of FIAT money is controlled by monetary board of every country, i see no relation that Bitcoin is protecting the FIAT in the trading market, but instead itwas introduce as to possible replacement of FIAT into the Digital transaction.






3234  Economy / Economics / Re: Blockchain as a solution to inequality? on: June 08, 2018, 12:25:28 PM

We shouldn't want to do that since the balance in this world would be ruined. Someone has to work for those who are hard workers and rich just because of their eagerness to be rich.

This is just another form of marketing strategy for ICO product as posted, Blackchain was developed for easy access into crypto currency transaction, is also use  as safety net for one coin in the market. We can read a lot of article about Blackchain system in the news fed, It is better for us all to make an individual decision on how we evaluate the system.
3235  Alternate cryptocurrencies / Altcoin Discussion / Re: why some ico failed on: June 07, 2018, 01:00:50 AM
Because their tokens do not interest to buy them. When token is not much that interest and sales do not reach the sales target then the ICO will certainly fail.

Some coins failed after ICO for a lot of reasons, poor Marketing strategy, no support system, fundamentals are unstable, investors are already committed to other coins project, and a lot more other issue that may affect the level of interest of public investors. some say, if once coin survived the 18 months in the trading market, it will slowly get the movement of the market traders interest and possible  investors. Not all Coins after ICO will be in the trading market in the future.
3236  Alternate cryptocurrencies / Altcoin Discussion / Re: Which is better, staying long on BTC or USD in this Bear Market on: June 07, 2018, 12:48:57 AM
It is difficult to say but If I were the trader I will definitely keep holding then look for more money to buy more Bitcoin. This always works for me and it's fun to do! If the price falls again, you look for more money and buy more Bitcoin. If it falls again, you buy more.
Then if price begins to rise, you start  selling off the dips you bought bit by bit until you are left with the main holding which should be your long-term holding.

If i get you right, you mean you always introduce more fiat to buy more dips and sell off when it rises to cash out your fiat while the initial purchase which is the main holding will be the one to hold for long term???
It makes sense to some extent as it is possible one can re-coup the initial investment via that means.
stay long with Bitcoin I think is much better and profitable because Bitcoin is a coin that has the ability to continue to grow and have an increased price.
so it will be very profitable for the future. so I suggest choosing stay long with Bitcoin.

I will HOLD on to my Bitcoin Investment, base on the market preview on the market price movement on Bitcoin, it more beneficial to investment in Bitcoin compared to USD. Yes, market is Volatile and this apply to both Bitcoin and USD. anything can happened at any given time, but i am more optimistic that once the Bitcoin resistance break, the price value of Bitcoin will goes up to a more comfortable level.
3237  Economy / Speculation / Re: Why is a constant rise in the price of Bitcoin, important? on: June 07, 2018, 12:27:51 AM
Quote
So you have to beat inflation and also the performance of other investments to say that your Bitcoin investment was a better investment, than other alternative investments.

That is correct. Bitcoin is only the best investment of a given time period, if it yields more or outperforms the next available investment.

I think that's where the difference between a trader and a holder start to emerge. Holders aren't technically in bitcoin to make the most amount of money, they just want to conserve their wealth away from fiat currencies for the long term.

That's why if you're a trader, or someone who is into bitcoin more as an short term investment, it's so important that you sell at appropriate times. Bitcoin has its peaks and troughs, just like all other investments in the real economy.

The price value of Bitcoin often time goes up and goes down dependent on the volume of investment in trading market, Yes, short term investment is more beneficial to long term with Volatility of the market affect the price value of Bitcoin. I am not comfortable with the notions of computation of % gain at the time the Bitcoin investment was made then, compute it after 5 years. the fluctuation in the market  price is dependent on the movement of investment in the trading market.this is not a solid investment, instead a digital currency.
3238  Alternate cryptocurrencies / Altcoin Discussion / Re: why some ico failed on: June 06, 2018, 09:52:25 AM
have being studying some ico this year they are failing , what are the causes of there failure
There are a lot of reasons why it never succeeded. But the main thing is that the projects are very poorly engaged in marketing. Because sometimes it happens that bad projects can raise funds, and  good project - no, and all the reasons in marketing

ALT coin failed after ICO, because of several reason, yes, marketing strategy is poorly managed, no support system, fundamentals are questionable, not stable project, with all of this indicators ALT coin can gain or attract the market, or possible investor. If the said project do not attract the market? what happened next is closed account or failed ICO. No investors would come in if they see the said project is inferior for investment.dead end.
3239  Alternate cryptocurrencies / Altcoin Discussion / Re: Luck in cryptoeconomics is a myth? on: June 06, 2018, 05:33:29 AM
As a small time investor, there is some luck in play. You can do all the research you want and make an educated decision on what you invest in, but you can’t control what a whale is going to do. If they want to pump it or dump it, you have no control over it. Then, you have no control over the rest of the market’s reaction to that move. Long term I would say there is less luck involved, but day to day move are so unpredictable that you have to have a little luck on your side.

 Crypto currency investment profits or gain in not a luck, there is no luck in investment, the reality is you may lost or gain some from crypto trading market. the amount you are investing in, is just the same amount of risk that you are facing in every investment into crypto currency coin. if you were able to invest in crypto coin when the market value is low, then after a period of time the said coin appreciate or increase its price value into the market, that i would say, a very good timing of investment.as expert say's" Buy low and Sell high"
3240  Alternate cryptocurrencies / Altcoin Discussion / Re: which altcoins are good at the moment to buy? on: June 06, 2018, 05:23:07 AM
Things are not going well in the crypto money world these days. If you buy any Altcoin you can lose money. You can make money if you are careful and want to wait.

Crypto currency investment or trading is one or an individual decision to make, ALT coin as posted in the market treed on crypto currency market are now One thousand plus, one should be more careful into crypto investment since, a lot of scammer are in the treed of crypto currency market. check all the information, fundamental, market movement, volume of investment to that specific crypto coin.and a lot more things to be consider, the last thing is the amount of investment that your planning to put in into trading market. Ehtereum still the best coin for investment, tested and a legit coin.
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