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401  Economy / Economics / Re: Bitcoin for all levels of society, without any difference on: March 26, 2018, 07:39:41 PM
Yes, bitcoin is for everyone as long as they have a computer and a couple of 100$ to invest. Of course, mining is only for the richest who can perpetually scale up the necessary equipment.
If we want to learn then with a capital of $ 1500 we can assemble own mining equipment, things that can not be controlled of course is the price of electricity continues to rise so this makes many people do not like the mining.

In my own opinion, Bitcoin mentality for all levels is good because you can expect that price will increase even more since more and more people will keep on investing and the supply will decrease then the price will go up since more people are holding their coins.
402  Economy / Economics / Re: Why people scam on: March 26, 2018, 07:33:27 PM
Getting a job is not possible for everyone, not everyone has family or [friends] to help them and sometimes they will make the bad situations even worse them. If you've ever really needed money and were very desperate, than you probably know that people would let you starve to death rather than give you $5.

It's weird how people won't toss out just a few dollars to help someone in need, yet they'll spend $10000 or more on their pet that has an average life span of under 5 years.

But then again, if you give the person in need money, they'll keep coming back for it. It's a real crap shoot

The reason why people are scamming other people is that, they are lazy to work hard. There is no free in this world and everything you want to get should be made by hard work and effort and you are very lucky to know this forum because you can get rich by working here.
403  Economy / Economics / Re: Bitcoin world currency on: March 26, 2018, 07:32:04 PM
is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

Yes it is actually possible, amazon today is already using bitcoins as a payment for their goods but the problem about cryptocurrency is that, the market is volatile that's why other companies and online stores are still doubting if they will accept cryptocurrency or not.
404  Economy / Economics / Re: will next decade be the bitcoin era ?? on: March 26, 2018, 07:29:37 PM
As by seeing the usage graph and profiting graph i can easily assume that in next decade of 2020 people will mainly relay on bitcoin and the main thing to survive in the next era will be bitcoin and it will be frequently used by everyone and that will help many regions to boost their economy as well so hope for the best, many people are eagerly waiting for the btc system to be implemented.


Bitcoins can now be our currency but since government are blocking the way then it cannot be implemented to other countries. There are companies who cannot accept the growth of cryptocurrency because it is affecting their own business just like banks so they will agree that government should not allow cryptocurrency to flow in the country.
405  Economy / Economics / Re: Why BTC is having a high price? on: March 26, 2018, 07:20:24 PM
It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The price of every cryptocurrency is always depending on the supply and demand of a coin. The price of bitcoins is keep on increasing because there are more people that's getting interested to earn it and it makes the price of bitcoins increase even more.
406  Economy / Economics / Re: Is the economy situation in your country that bad? on: March 26, 2018, 07:01:20 PM
It seems there are bad news all around with doom and gloom. Trade figures going down, jobs cuts, security situation not going well, and bad loans.

Is the economy situation in your country that dismal? Or this is just some fear mongering?



The economy here in my country is really good, apparently i am in japan today and it was really good place to live because cryptocurrency in my country is legalize and the government is using it to improve our own economy.
407  Economy / Economics / Re: why bitcoin is so much special than others currency ? on: March 26, 2018, 06:58:05 PM
This is so really hard to say special cause its difficult to explain specialty in short word
Some of them  are given below:

It’s a type of currency which know as peer to peer currency and this permit to send and receive money without help of broker or third party involvement 
Every bitcoin holder can review their account information after sending money or receiving money from their account.
After all kind of transection bitcoin recorded sufficient proof of every client and account holder through different facilities.
Buying and selling process is so much easier than other currency
I think above mention quotation is sufficient for proving that how much special the bitcoin is.

What's the best about cryptocurrency is that you can make the price of your coin increase by just holding it for a very long time and because of that people are keep on getting interested on it and it makes the volume in the market increase so the price does also, it is just  the same as a chain reaction to everyone.
408  Bitcoin / Bitcoin Discussion / Re: What do you do with your crypto? on: March 22, 2018, 03:21:37 PM
I mostly mine and hodl, but my friend day trades and says I should start getting into it. What do you prefer to do and do you think there is a better route to take? I personally think it's all up to personal preference, I'm new though.

I also prefer on holding my coins because in this way i can earn more profit in the future when the value of the prices in the market will increase even more. Try to invest today since the price in the market is decreasing because of some issue in japan that their market is hacked.
409  Bitcoin / Bitcoin Discussion / Re: GOOD NEWS to Earn Money on: March 22, 2018, 03:20:18 PM
Hey guys I'm Zed.
Im here to give out some good news.
Have u guys heard about the hacking event in Japan?
A huge trading center in Japan was hacked in japan leading 550million$ worth coins being traded as 0$.
This caused ppl to sell their coins bc they r scared. This resulted the coin prices to drop rapidly for few days.
Good News is that now is the time for us to get in.
The prices started to rise already.
according to a very reliable source, most coin prices will go up for few weeks AT LEAST 10% maybe alot more.
Buy now BTC or BTH or ethereum etc.. I will check up with u guys again soon.


Thanks for the info and i will take a look on the news about this issue, i see that the market is really slowing down to decrease its value this time and maybe it is true. Those who are planning to invest, now is the time to buy coins in order to earn more profit.
410  Bitcoin / Bitcoin Discussion / Re: What is bitcoin on: March 22, 2018, 03:17:26 PM
What do you say when asked this question from a friend who has only heard its name mentioned a few times in the news and has no clue. I find myself lately taking the easy way out and suggesting google. I would prefer to give a clearer answer, but usually saying something leads to more questions and more confusion.
If someone could point me to a twitter type answer that would inform and twig their curiosity, i think it would be a better outcome.

Bitcoin is a digital currency that is widely used on the internet . Bitcoin is also good for long term investment because of the market's volatility so those who are taking a marketing course and also know how to trade safely will obviously get rich in just a few months of trading in the market.
411  Bitcoin / Bitcoin Discussion / Re: Do We Need Social Media Promotion on: March 22, 2018, 03:15:21 PM
Does Bitcoin Need The Social Media's Help To Promote Itself?

Well, Bitcoin needs all the help that we can get. With its current situation, Bitcoin Foundation is just thinking out of the box to help Bitcoin recover and might even succeed.

With the help of Social Media, bitcoin can attract new and young users. Learn about bitcoin and eventually adopt it.

Maybe this is the first step of mass adoption.

What do you think?

Bitcoin do really need social media's because other countries are banning cryptocurrency and they are also creating black propaganda's as well so in order for bitcoin to be fully introduce to different people then i think that social media's are only the way of doing promoting it.
412  Economy / Economics / Re: The future of the paper money on: March 21, 2018, 07:04:26 PM
Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:

Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?


In my own opinion, paper money will be still necessary even in the future because there are people in the community who cannot really manage to earn cryptocurrency, another thing is that, banks will also complain because their business will die if they did not do anything to compete on the growth of cryptocurrency.
413  Economy / Speculation / Re: $11k - when do you sell on: March 21, 2018, 07:00:10 PM
Hey guys,

lets make it short:
1) yes bitcoin is the future and the price will increase on the long run, but:
2) we are currently obv. bubbling (what is not happening the first time).

So my question is - do you sell now in order to get a cheaper entry soon?

I think you guys agree that there has to be a price correction in the nearer future...

Thanks for your input!

Everyone is expecting for bitcoins to increase even further in the future so you should consider that the reason why bitcoins is drastically decreasing sometimes is because of the people who are eager to sell their coins and newbies that are panicking to sell their coins in the market even there is just a small dumping of price value.
414  Economy / Economics / Re: DON'T DO PANIC SELLING !!! on: March 21, 2018, 06:57:54 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...



Its normal for the price of bitcoins to decrease because it was very expensive and do not think of bitcoins to become stable because there is a supply and demand in the market, most of the professional traders does not really care about the price of bitcoins because they knew how to wait before selling their coins.
415  Economy / Economics / Re: wait for bitcoin prices to go up on: March 21, 2018, 06:54:00 PM
will this year be the same as last year's year after the Chinese New Year's celebration of the bitcoin price rises again and even exceeds the previous high, I expect bitcoin to rise from this decline, and we as users should be able to keep the price in the way we do not panic at seeing a price drop because this is all just a matter of time

can bitcoin rise after the turn of the new lunar year later?

Those people who are panicking when the price of bitcoins in the market is decreasing are not well knowledgeable and they are selling their coins at the lowest price because of that, if everyone is studying and analyzing the information before making drastic decisions then they can reduce their probability of losing profit.
416  Economy / Economics / Re: Bitcoin is Becoming a Global Currency on: March 21, 2018, 06:49:20 PM
For the first time, when I look at the offers on LocalBitcoins.com, there are a half-dozen currencies ahead of the US dollar, offering a higher price for Bitcoin than US dollar users.

Euros, South African Rands, New Zealand Dollars, Hong Kong Dollars, Polish Zloty, Malaysian Ringgits.

It is no longer just the US, EU or even China driving adoption.  There is a market for Bitcoins in major countries all over the world.

It was a very good news that there are more country who are adopting the cryptocurrency on their area because in this way there will be more investors that will be coming in the market to hoard a huge amount of bitcoins or altcoins that will make the circulation in the market become better.
417  Economy / Economics / Re: Bitcoin as your main income? on: March 21, 2018, 06:44:42 PM
Bitcoin is a currency. Bitcoin is a solution to many problems. Bitcoin is bringing questions and new problems to this world.
Some people find this as a ride to boost your income, not specifically Bitcoin but also the whole crypto market.
I think it's a great thing! But what are you actually looking for? Bitcoin itself (the currency) might not be your solution.
If you want to "conquer" the world, you can't do it with Bitcoin. Like you can't conquer the world with the dollar itself.
You need to focus the technology. The blockchain along with it, bringing a new economy generation with freedom and decentralization.
It's something that should be written a new bible about in my opinion. Before you learn Bitcoin, learn economy. Once you master this skill, own Bitcoin as one of your cards.

I would like to hear some of your opinions and hear some smart words because I believe people think investing Bitcoin will make their life done financially but I honestly think it's not true.

In my own opinion, bitcoin for me is just a sideline because there is no assurance that cryptocurrency will really last forever so in order for you to have a secured life then try to work on the corporate world and endure the low salary while investing on cryptocurrency as well.
418  Economy / Economics / Re: Does the Price of Bitcoin Matter? on: March 21, 2018, 06:42:59 PM
For true devotees of Bitcoin, the price of the digital currency is almost irrelevant. They believe in its inherent value or, more frequently, cannot see any value at all in the alternative of government issued fiat currency. Price is therefore not a concern. At the other end of the spectrum, for those that harbor what appears to be an irrational hatred of Bitcoin and anything to do with it, the exchange rate also matters little. They were screaming that it was all worthless when the price was at over $1000, and somehow convince themselves that an exchange rate of over 200 times what it was before that bubble proves their point. For the vast majority of people somewhere in the middle, however, the price of the currency in Dollar, Euro, Yuan or whatever terms is important.

Read more: http://www.nasdaq.com/article/does-the-price-of-bitcoin-matter-cm476312#ixzz3a1cH4qcU

Bitcoins price does really matter because altcoin or alternative cryptocurrency are created in order to compete with bitcoins so that other investors will have the variety of coins to choose from and always remember that his coins has different potential in the market.
419  Economy / Economics / Re: Why do people buy high and sell low on: March 21, 2018, 06:41:45 PM
I've been one of those people, the people that buy at the high points of crypto and then sell low, losing my money and then later on losing out on a good amount of profits which I could've made. I'd like to know some of the reasons that people do this, besides doing it to cut their losses as that one is my reason.

Thanks guys!

Most of the people who are new in trading are happening the same way just what you experienced because they are naive on how the market works so the best thing to do is just learn by studying on the internet, there are so much things to do to become professional so keep on learning.
420  Economy / Economics / Re: 99% of the people still think that fiat money are better than crypto on: March 21, 2018, 06:37:32 PM
I was talking with a friend of mine about cryptocurrencies and he said:
"Cryptocurrencies are anonymous?Nothing on the internet is anonymous.Having a bunch of dollars or euro in the pocket is the most anonymous way to store money. Grin"
Damn,now i think that he is right and fiat money are still way more convenient ,despite all the inflation,banks monopoly and control.From my personal experiense 99% of the people refuse to believe in bitcoin and refuse to adopt it in their daily life.Any opinions?

Bitcoins and fiat are convenient in a different way because they are useful on physically and virtually depending on your needs. Bitcoin is also good for a long term investment because the price in the market is increasing depending on the amount of people who are investing in the market that makes the volume of an exchanger increase.
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