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4181  Other / Beginners & Help / Re: How to start on Bitcoin? Where is the best place to invest? on: November 20, 2019, 06:00:41 AM
Hello Experts, If someone wants to buy or invest in Bitcoin, how they can start? Where is the best place and which crypto is the best to invest?
Expecting your valuable replies. Thanks in advance!

For starters (and how I started my bitcoin journey), the best thing to invest would be your account here in the forum.

Provide essential guides, tips, information, and news about bitcoin and share it among the members here. Through the process, you would be able to garner merits from your posts which would make you eligible to participate in campaign signatures. Every week, the BTCs that you would get can definitely help you in increasing the amount of your investments across different platforms.

4182  Bitcoin / Bitcoin Discussion / Re: Would You Pay for Odd Jobs With Bitcoin? on: November 20, 2019, 05:35:45 AM
An unemployed dude comes to your house to ask for off jobs, say to throw away your thrash and mow the lawn. You had no cash but he owns a bitcoin wallet and asks to be paid in bitcoins. Would you pay in bitcoin?

If I this were to be true, I'd rather pay him in cash than using my own BTCs.

To be honest, I would borrow cash from my friends or my wife but I would never touch my BTCs since they are saved for investment purposes or for long-term holding. But if the situation requires me to use my BTCs (e.g. emergency purposes- medical bills, obligations, etc.) then I would not hesitate to use them for my family.

I treat my BTCs as my assets for long-term since their value will realize overtime. Like in stocks, I always have the choice to sell them for cash but this would defeat the purpose of investing it for long term.
4183  Alternate cryptocurrencies / Altcoin Discussion / Re: How to prepare for long term HODL on: November 20, 2019, 02:54:20 AM
<snip...>

Just to add on #1 of your list; having another source of income through maximizing different investment platforms would be the ideal scenario. Long-term investments require one to at least diversify your investments so you could use time to your advantage.

Take note: HODL does not require one to invest long term. As long as when you see that the initial price is higher when you purchased it and you would realize income instantly, then do not be greedy and consider cashing out at least 40% of your total investments.
4184  Economy / Speculation / Re: Don't react to the fluctuations on: November 19, 2019, 07:10:49 PM
We have been doing same mistakes again and again that's by reacting to the market fluctuations as either we tend to start buying like there is no tomorrow when we see pump or else panic and empty our coffers for slightest  dump and the reason I am suggesting you all to stop reacting is for the fact that the bitcoin market is going through quick pump and dump from past 4 or 5 days so it will prove fatal if we sell out or buy at this point of time. Just take some time and look observe the trend for week or so before jumping into any conclusion.

You cannot blame most of the people who are inclined into day-trading or short-term investments as they primarily rely on the fluctuations on the price of BTCs to earn cash for their use.
Unlike people who HODL their BTCs for long-term realization, there are also people who focus on a different path but with the same goal in mind- which is to profit.

Every fluctuation on the price, whether the increase/decrease may be relatively small/big, is definitely a big-deal to people who own large amounts of resources. To be honest, you really cannot blame them.
4185  Economy / Gambling discussion / Re: Have you lured someone in Gambling? on: November 19, 2019, 05:54:34 PM
Well to be honest, I am unaware if I lured someone into gambling. All I know is that I have wore a couple of signatures that require us to post comments/replies in gambling threads and I have personally advertise gambling campaigns through the signature campaigns.

Based on my real-life situation, whenever I encounter someone asking me about gambling (in general), I highly advise them to avoid it. Although this may spark their curiosity more, I always make it a point to share my encounters before especially when I hit rock-bottom during my gambling spree days.
4186  Bitcoin / Bitcoin Discussion / Re: How we can introduce bitcoin to local people on: November 19, 2019, 12:42:55 AM
<snip....>

Introducing cryptocurrencies to people who are willing to learn will be a relatively easier job compared to some who are close-minded about everything. People who see the potential into exploring different means of earning income will definitely consider cryptocurrencies as an alternative on their list since they would rely on all the possible means of earning.

The problem will now revolve to people who are inclined in the traditional way of investing many view Bitcoin as a bubble which has no innate value. While it may be true, but the value increases since people are willing to pay that much money for each bitcoin. Take this as an opportunity to invest for short-term in maximizing its volatility.
4187  Economy / Speculation / Re: Is Bitcoin STILL Good Investment? (Think Again) on: November 18, 2019, 05:29:24 PM
The reason on what makes Bitcoin a relatively good investment is its volatility and decentralization which leads to its fluctuation on its price. Depending on the price on the market, one has the opportunity and potential of doubling their initial investments in a short-amount of time compared to the traditional methods of investing present in the market.

What it lacks is the security and guarantee of your investments, unlike in stocks and bonds, there is a security and collateral in-case your investment losses.
4188  Economy / Speculation / Re: Time to buy Bitcoin? on: November 13, 2019, 09:36:43 PM
News flash: No one knows when exactly the best time to buy is. If you think bitcoin has a future and in that future bitcoin has a higher price that it's price right now, then just dollar-cost average! May it be weekly, bi-weekly(I prefer this), or monthly. That way, you don't need to rely on technical analyses from people you don't even know if they actually know what they're talking about.

I always consider that the best time to purchase bitcoins would be the day that you discover its existence on the market- basically the first date of purchase. From that on, the trend continues and your investment starts.

Like what you have mentioned, if people were to accurately predict the price of bitcoin in the future, then everyone would be rich by now. Treat bitcoin as you are treating the other investments in the market but with a much volatile price.

I think buying bitcoin or not all depends on the research we do. if we are sure that bitcoin will pump again then don't delay buying immediately. but if we feel bitcoin can drop even lower then wait. do the research seriously and be sure of the decisions that have been taken. and do not ever regret the decision that has been taken. before entering the bitcoin market we must know that the price of bitcoin is very volatile and unpredictable. all possibilities can occur. in investing bitcoin we must be patient and not easily panic.

Doing research before purchasing can definitely lower the risk of your investments incurring a loss but this must also be coupled with patience and knowledge about the news circulating as these factors also affect the price of BTC on the market.
4189  Alternate cryptocurrencies / Altcoin Discussion / Re: Day Trading or Long-term Hodl? on: November 13, 2019, 08:30:00 PM
Hodling can give you good profit but not in all cases, meaning not all the coin you hodl. Before hodling, you can check if the community is active and this is important. If the coin is in cmc, you can easily check there to know the direction that it is and how it can grow in the future. You have to study a coin before investing in it. I have invested blindly too and seeing price slump painfully.

HODLing is not as simple as what most people think. Most thought that by HODLing, you are actually earning passive income by letting the value of your investments realized through time. But in reality, you have to exert effort, patience, and skill in order to maximize your earnings through HODL.

On the other hand, day-trading requires extreme skill, luck, and patience. I have personally witnessed my peers who do day-trading as their main source of income and there are days that they are on the red. Day-trading requires large amounts of capital (depending on your profit goal or limit) in order to realize income. Although the rewards may seem tempting, it definitely follows a huge amount of risk at the same time.
4190  Bitcoin / Legal / Re: Why has not any government stopped Bitcoin? on: November 13, 2019, 08:07:25 PM
Governments have done enough to dissuade common people from using Bitcoin extensively. Being charged with operating unlicensed money changing businesses is a possibility if you engage in cash-bitcoin conversion.

In fact, there are countries who are advocating against the utilization of bitcoin since it has been regarded as an 'unrecognized, high-risk asset' due to its decentralization. In addition, the lack of any authority with its regulation makes every transaction anonymous, and the government does not want anything that they cannot control.
Bitcoin cannot be simply stopped due to a number of users using it. If majority of the countries, who contain a large number of users, suddenly prohibits and imposes laws against transacting using bitcoin, expect it to be stopped at one point. But for now, the merit that it provides overwhelmingly outweighs the burden.

Most countries won't stop it because they realized that Bitcoin is an opportunity and not a threat. Like China in which they banned bitcoin and cryptocurrency exchanges in 2017 but now their President Xi Jinping just commented that the country should "seize the opportunity" of bitcoin's blockchain technology therefore instead of a threat to the country they see it now as an opportunity to help their economy to become stronger and more stable.

That is actually true. Before, China was against Bitcoin but it says a lot about the reversal of their decision on banning it. They have realized its economic impact and benefits to the public and to the economy.
4191  Bitcoin / Bitcoin Discussion / Re: Bitcoin isn't just an investment, it is the future on: November 13, 2019, 07:02:00 PM
From my last post about Bitcoin investment,  following the valuable contributions of members of the forum,  I learnt that Bitcoin investment is not just something that blossoms in a few days,  rather it takes patience.

 That gave rise to my new topic.
Bitcoin isn't just an investment, but it is the future...

 Let's all share our thoughts about this, in order to encourage ourselves and build a stronger community of users.

Unfortunately, most people disregard the actual potential of Bitcoin as they focus more on its face-value rather than the technology behind it- which is the blockchain technology. You are right, we are actually investing for the future of transactions and the price is just incidental to it (treat it as a compensation/reward).

Think of it this way, if the blockchain technology were to be implemented in our transactions, this would eliminate the need for a third-party in handling it and every information is reflected in a public ledger, accessible in the internet.
4192  Bitcoin / Bitcoin Discussion / Re: Why only 6.2 percent of American citizens own Bitcoin? on: November 13, 2019, 06:29:38 PM
Well to be honest, unlike the conventional method of investment present in the market, most American consumers prefer the traditional way of investment due to media influence and stigmatizing its reputation across the world.

To be honest, given the limited users and people who use cryptocurrency as an investment. 6.2% is a relatively large number given the population of the whole America. But you are actually right, the goal and aim here is to attract and gather more users to invest into cryptocurrency as this may be the future of transactions in the near future.
4193  Economy / Economics / Re: Cryptocurrency usage will boost economy or make it worst ? on: November 13, 2019, 06:48:58 AM
What if all those big corporates and businesses starts using crypto as a mode of payment just to avoid tax which will cause a direct loss to the government which uses tax for the betterment of the country. This might not affect corrupt countries as it doesn't matter because tax money goes to politician's coffers but what about developed nations?

The effects of cryptocurrency in the economy has its share of positive and negative advantage but the merit outweighs the burdens.

On the positive side, cryptocurrencies can provide an alternative way of earning income to all levels of society. It renders them the opportunity to earn while at the same time focus on their current job. Basically, treat this as another investment alternative present in the market. If the government where to impose tax on cryptocurrencies, this will fund the government on its revenue and potentially create job opportunities for people.
4194  Bitcoin / Bitcoin Discussion / Re: Is twitter a good source of info? on: November 12, 2019, 05:12:16 PM
Yes Twitter is a good source of news,in my view.But I will follow you? I only follow those id which is legit and i love to see there posts.
Maybe you are trying to promote your Twitter in thia tricky way.             

I disagree about Twitter being a good source of information. At most, it can be a source of news or information but a good source would most likely be the local/international websites that provide unbiased information.

Unfortunately, with the media manipulating and controlling information against the public, finding a consistent source of news is relatively difficult nowadays so you would most probably rely on international channels.

4195  Economy / Gambling discussion / Re: Gambling Addiction at its Worst! on: November 12, 2019, 02:21:39 PM
<snip...>

I remember the time when my father consistently gambles through cockfighting, to the point that it burdens the family with his obligations and duties as the head of the family. There were times that instead of providing for the family, the expenses are focused on his gambling sprees and we were deprived of the essential need that we should have got.

Fortunately and unfortunately, my father came into his senses and realized the mistake when my youngest brother got really sick with an auto-immune disease. Till this day, he still blames himself that the cause of everything was due to his past misdeeds.
4196  Alternate cryptocurrencies / Altcoin Discussion / Re: Why will you invest in something you know nothing about? on: November 11, 2019, 01:38:22 AM
Please stop your whining here if your friend dont know nothing about blockchain and crypto then teach him so he can be independent

Don't let them invest in what they don't know about

how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??

Easy all because of : money.

Remember the time when the prices of bitcoin reached an all-time high of $20,000? People jumped on the hype-train and impulsively purchased bitcoin without even knowing its principles and nature! Unfortunately, to those people who still haven't recovered their investments till this date, some of them are the ones advocating and saying on social media that the whole bitcoin investment is a scam.

4197  Bitcoin / Bitcoin Discussion / Re: Never possible earn free bitcoin without work. on: November 10, 2019, 04:05:00 AM
<snip...>

Most people are blindsided by the fact that despite bitcoin being a good investment either for short/long-term, they misconstrue this as an "easy-investment" wherein they could realize income in a short amount of time. What they fail to realize is that bitcoin is like any other investment that requires time, effort, patience, and experience in order to maximize the earnings!

In addition, like in any other investment, capital is definitely essential. Although there may be ways of earning without the need for capital (e.g. participating in campaign signatures, etc.), if you want to maximize the potential then it is highly suggested that you should fund it through hard work or labor.
4198  Economy / Trading Discussion / Re: How to control your emotions while trading?👨🏼‍💻 on: November 09, 2019, 10:25:51 AM
controlling emotions when trading will be very difficult if we don't set a limiting point
for example, we set in how much % the increase we do Sell, and how much % decrease we make a Buy or Cut loss
and one more thing we must remember, do not think to be rich in 1 night, greedy is the destruction all traders.

As someone who knows people who use trading as their main source of income and does it on a daily basis, I can conclusively say that trading really involves experience and skill at the same time. You have to be ready to risk a percentage of your capital and devote time in order to realize income. Although the risk may be high, the rewards are surely worth it especially if you successfully recover your winnings.

The main problem with trading revolves around the inexperience of people. Most usually trade using large amounts of money without even knowing the basics and fundamentals of it. Better to start and take things slow.
4199  Economy / Economics / Re: Fiat Money is a Bubble on: November 09, 2019, 04:17:42 AM
Since many people try to convince us that Bitcoin is a bubble and how we will lose our money eventually, I wonder if money is not a bubble actually. There exist economies in which money has a positive value in spite its market fundamental is zero. That means fiat money has zero value. Fiat money is a social contrivance. We take money from other people because we know other people will take it from us. In theory and practice the fiat money is a bubble.

I would not call FIAT to be a bubble due to several reasons:

First, the whole fiat system is managed by the government through the Central Bank. They manage the inflation, check the necessary prices in the market, and adjust the following depending on their research and data;

Second, the value of fiat depends on the number of gold reserve the country has. Depending on the reserves the value of fiat may exceed the proportionate of its gold reserves but it would render its value useless; and

Third, fiat is centralized in nature which is accepted as the universal medium of exchange. If it were a bubble, then its value would be significantly large.
4200  Economy / Gambling discussion / Re: Will You Agree To Publicize Your Journey From Being Chronic Gambler on: November 08, 2019, 09:59:51 PM
You are once a chronic gambler but with the help of a professional you are now totally cured, then a publisher offers you to publicize your journey from being a chronic gambler to a cured one, but of course, everything could be exposed like your habit experiences, your agony and even your personal life, will you agree to do this, of course the publisher will pay you for the story that you are going to provide.

There is no better way of helping other people if you were once on their shoes, and you get the opportunity to explain how you overcome the dangers of addiction and gambling. Regardless if I expose all the bad habits during the days of my addiction, I mean, that is the truth and it should be an eye-opener to most people who are planning to gamble continuously.

Again, the purpose here is to help one another and prevent some to go astray and live a life full of problems (e.g. drowned in debts, etc.).
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