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3701  Economy / Economics / Re: Make money from money on: January 29, 2017, 12:08:07 AM
One thing I noticed from all successful investors are that they all have strong will. What they want, they get. Of course you will say that investors are cunning, have an eye for good investment, good at using people, etc. But all that qualities stemmed from their strong will. If a good investor is born without money, they work hard, earn a lot and then learn how to invest. If a good investor have lots of money, they pay people to do task for them, thus making money work for them.
3702  Local / Others (Pilipinas) / Re: Kung may isang milyong piso ka... on: January 28, 2017, 02:42:38 PM
If I have 1 million pesos, i'll start a bar. A bar with a good ambience, clean place and comfort room, delicious food. I also have to hire a good manager, a chef, a bouncer and two servers. It can be small at the beginning and i'll think of expansion later when it roi. This is the best business here in the philippines because filipinos may not have money for immediate needs but we always have money for a bottle of beer. Cheers!

Also I have to buy a cinelli road bike from my budget. It will serve as my transpo from bar to home.
3703  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Qtum] UTXO based POS Smart Contract Platform|On Coindesk & Bitcoinmagazine on: January 28, 2017, 02:16:31 PM
Quote
The Crowd Sale will be
hosted by major Chinese exchanges,
which will be announced in February.
There will also be a direct sale that is
done on our website.
Will they both run together and offer same price for qtum tokens?
I know many non-Chinese people like me have problems signing up on Chinese exchanges due to language problem but buying on website would be a good option if price are at par with exchange crowd sale.

This is my concern as well. It will be hard for people who does not speak chinese to participate in the Crowd sale unless the price in the website is in par with the exchanges or other major exchanges will sell it as well.

Time to stock up some funds and looking forward to march 1.
3704  Economy / Web Wallets / Re: End of Xapo for poor noobs? on: January 28, 2017, 02:01:26 PM
I understand charging outgoing transactions but I don't get why do they have to charge incoming transactions too. And for newbies trying bitcoin thru faucets, that is already a very high amount. I remember when I was just starting in bitcoin, i'll only earn 20k sats per day thru faucets. And if that fee applies, then I get nothing. It is not just the end for noobs but for xapo as well.
3705  Bitcoin / Bitcoin Discussion / Re: New to BTC on: January 28, 2017, 11:15:47 AM

If the purpose is only to store money and there is no need for withdrawal why would you use anything but BTC?
For example if you have unverified PayPal or verified with CC or in some cases a real account it might get limited or even suspended for some stupid reasons so why risk it when stuff like that can't happen with BTC?

You can also use gold as storage of value. Gold appreciates over time and a good investment. It is pretty much like bitcoin in this aspect. Obviously you cannot use paypal like this. Paypal is a payment processor not a storage or bank. And even as a payment processor, bitcoin is far more superior than paypal is right now.
3706  Economy / Trading Discussion / Re: How much BTC is required for trade? on: January 28, 2017, 04:40:47 AM
The minimum amount you can trade on a single order is 0.001Btc. That is a very small amount and can be easily afforded by newbie traders. You can try trading and see if it fits you. You can increase that amount as you get better or comfortable with your trading style. Never rush in trading large amount, you will get there someday. What is important is to have a solid trading foundations.
3707  Local / Pilipinas / Re: Btc price on: January 27, 2017, 03:59:28 PM
~snip~
kung aabangan mo na mag 1000+ ulit si bitcoin e matatagalan yan mga 3rd o last quarter na ng taon aakyat presyo ni bitcoin sa ganyang halaga.

It might not take that long. We are already above 900$. And history will tell you that there is always a pump happening in April to May. So it may reach 1200$ by that time. Buying now when the price is ranging from 890 - 930, is a good price.
3708  Economy / Trading Discussion / Re: When do you plan to sell? on: January 27, 2017, 03:21:42 PM
The initial plan was not to sell, wait until bitcoin is very expensive and live from it. But finances is not allowing me to save bitcoin. Right now, I am spending it as I am earning it. I know we should hold some of our bitcoins for the future. So what I am planning is to increase my income so that I can save a percentage of my bitcoin for holding.
3709  Economy / Economics / Re: On what way would you know that your investing on the right business? on: January 27, 2017, 02:25:12 PM
Are you investing/starting your own business or other persons business?

If it is your own and you want to know if it is profitable to invest or venture in that kind of business, then you have to make your feasible studies. That is the only way you can know if it is worth it to invest on that business. Or start on a business that is already your hobby. For example, if your hobby is biking, venture on business that involves bikes. You will make money from something that you would love to do.

If it is other people's company, you have to check their quarterly or annual financial reports. Companies who are in the stock markets usually have their annual reports available online. You can see on that reports the current status of the company, if it is gaining or losing annually. You can also see there the direction the company is going. If you are comfortable with company status and direction, then you can invest on that company.
3710  Economy / Trading Discussion / Re: How to know about next pump? on: January 27, 2017, 01:45:25 PM
there is no way to now when the next pump coming... you can analyse charts all you want, but if the big players want to push or pull the price, they will and can.... no matter what the charts say...

That is the sad truth. The market cap of cryptocurrency is still too small that whales can still control the price. But they are not always doing it, so you can still use the charts on your daily trades. Or you can accumulate and wait until the whales start moving their coins and then ride the trend.
3711  Economy / Trading Discussion / Re: Auto Traders on: January 27, 2017, 08:09:33 AM
Any proof that you can provide that you are really earning 0.5% of profit thru your bot? I am hesitant to believe what you are claiming because, first you are a newbie and it sounds too good to be true. Unless you can provide verifiable proof, then I'll consider this thread as an attempt to scam people.
3712  Economy / Trading Discussion / Re: How to know about next pump? on: January 27, 2017, 04:45:09 AM
You can only know this if you have insider information like you are close with dev or whales. Other than that, you are only speculating and can never pin point exactly when a coin is going to be pumped. What you can do os keep a close market watch of all the coins you want to trade. That way, you can see trends or be able to pick up news that can lead to a pump.
3713  Economy / Speculation / Re: Does bitcoin price speculation make sense on: January 26, 2017, 07:24:52 PM
In this forum, some speculations are based on technical analysis and well researched data. Some are just baseless speculation, shouting to the moon. And others just want bitcoin to crash. They have their own agenda and they will post continuously to push their agenda and make profit from it. It is better if you do not listen to any of those speculation and do your own.
3714  Economy / Speculation / Re: Price climbing fast again on: January 26, 2017, 03:17:41 PM
We went like 15 dollars up in very short time. Looks like the days of the chinese dumps are over. Now everyone dumping coins is risking getting out of the game on this very stable 900-high 800$ floor, and in bitcoin the rocket can stat functioning at any given and if you are in the wrong side you'll miss all the fun.

If you will compare it to previous burst, this is not fast enough. I can say that this is just normal pace bitcoin wise.
I read that investors are dumping gold in order to buy bitcoin. Maybe that is the reason the price is moving up again. We will see if there are enough movers to push the price back to 1000$.
3715  Economy / Trading Discussion / Re: How do you manage ur emotions? on: January 26, 2017, 02:33:28 PM
You stick to your trading plans no matter what happen. If you have a good foundation of your technical analysis and you have researched well enough on your trades, you will be more confident even if the price moves against your trades. It will take a lot of practice to control your emotions but you will be able to control it if you always try. And the fastest way to achieve that is if you are confident with your trades.

tht is the general rule but then you face a streak lose, and your emotion come on top, with altcoin this can be more dangerous, unless you buy at the lowest bottom

i believe that those who cannot handle their emotion, should just build a bot that trade for them with their strategy, in this way they can get rid completely of the problem

Great idea. I never thought of that. Why manage emotion if you can shut it down with a bot.
3716  Economy / Economics / Re: Investors dumping gold-switching to bitcoin? on: January 26, 2017, 02:15:20 PM
So this is the reason the price of gold is dropping. It already shed 30$ just this week. I am just monitoring it for Spark Profit.

since i don't use gold as my investment, i never knew that investors dumping gold and if they are switching to bitcoin and if this news is real, it will be good for bitcoin because more people will using bitcoin and they will use bitcoin for many ways and not just for trading. beside that, in forex, we know that bitcoin is used to trade and forex have leverage to gain more bitcoin.

You are right, this will reflect in the price of bitcoin also if the news is real. I think we are feeling the effect now because the price of bitcoin is back to 900 + level again. I just hope it pump bitcoin more so we can reach 1000 level again.
3717  Bitcoin / Bitcoin Discussion / Re: What is the percentage of BTC in your net total worth? on: January 26, 2017, 01:09:07 PM
I own very small amount of BTC compared to my total net worth. It is even less than 1%. But I am planning to increase it this year. It was more last year but I already spent the majority of my bitcoins during the Christmas season. The target would be at least 10% of my net assets are invested to bitcoin. I think that is achievable this year.
3718  Bitcoin / Bitcoin Discussion / Re: The reason why people do not get Bitcoin. on: January 25, 2017, 08:37:30 PM
Because Bitcoin for them I think is a kind of scam site, And designed only for investment without goods. But the truth is they never see the features and unique edge of this.

I would like to believe that bitcoin's image has changed a lot thru these years. That image you are saying was when bitcoin was still very new. I believe bitcoin is already passed that. There is more positive articles that describe bitcoins nowadays than before. So if an interested person will google bitcoin, they will have better information now than before.

I believe most people are still very much attached to fiat that they find it hard to find a reason to use bitcoin. Why go the trouble of setting up bitcoin wallet, and have lesser options on spending , if you have fiat. That kind of thinking prevents others from exploring bitcoin, understanding the technology and importance to have bitcoin.
3719  Bitcoin / Bitcoin Discussion / Re: Would you still use Bitcoin if price would be stable for years? on: January 25, 2017, 08:06:45 PM
Wouldn't it be great if bitcoin's price is stable. You will not worry about volatility. Maybe by then, we will be using bitcoin more in purchasing our daily needs. We do not have to convert to fiat to buy tissue paper or coffee. We will be spending it just the way we spend fiat now. But of course my definition of stable is when it is growing steadily without sudden large dip or pump.

If bitcoin remains 900$ for 50 years, then it is not stable, it is stagnant. It will be slowly dying by then. We know fiat inflates. If bitcoin remains the same price over the years, as the dollar inflates, bitcoin's value becomes lesser.
3720  Economy / Trading Discussion / Re: How do you manage ur emotions? on: January 25, 2017, 03:58:33 PM
You stick to your trading plans no matter what happen. If you have a good foundation of your technical analysis and you have researched well enough on your trades, you will be more confident even if the price moves against your trades. It will take a lot of practice to control your emotions but you will be able to control it if you always try. And the fastest way to achieve that is if you are confident with your trades.
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