Just wanted to know people ideas on what is the good and baf impact of BTC in the economy of a country. I am glad to hear different views regarding this matters and get some ideas from the tenured people in this forum. Your opinions/views are highly appreciated.
Regards,
There could be many possible impacts of bitcoin in the economy of our country. One of the possible impacts is that people will become financially stable and it will lessen the number of poor people. So when the people will become financially stable, they can but everything they want, they can travel many places, they can build their own business so I think the economy in the country will grow because people can afford to buy so the sales of any industry will increase. |
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Title.
So. Electric cars are gaining in popularity, therefore the popularity of gasoline will be going down. Won't the price go down, leaving the oil industry in trouble?
I think there is really a possibility that electrical cars can be a threat to oil industry. Because nowadays there are a lot of people buying electric cars because it is cheaper and environmental friendly type of cars because it will not pollute the air. Only battery is needed so it will run. But I think gasoline or diesel engined cars are still okay because it could travel far places unlike electrical cars there's limit of hours that you can drive depending non the battery status of your car. |
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For me you do not need to take any courses and spend some money for it because it was easy to learn about bitcoin just search and read i think you can catch up the idea of bitcoin. Also you are here in the forum and almost all the information you need is here and all of that is free.
I agree with you. Actually we don't need to take bitcoin courses online just to learn about bitcoin. We can just browse the internet and find some credible source of information about bitcoin and try to understand not everything but some that you think is needed for you to know. It is not necessary because if that's the case, then people who were not able to take the course, they will not know how to handle bitcoin well, but actually they are. It only takes discipline and determination to reach the allotted time for yourself to keep on holding your bitcoin. |
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Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
I think you're right that we need to overcome our fear of losing money when we trade because if we will always be afraid then maybe we will not trade ever. But we all know that we like to earn money rather than to lose them. So if you think that you will really lose if you trade, then it is better if you will not trade so you will never ever lose any amount of money. It's okay to lose some amount of money in trading if it is not big, but it is a big amount of money, it will be another story. |
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Not specifically BTC but cryptocurrencies in general. You think it will become a course of study / college degree at some point?
I think there's no need to make bitcoin as one of the offered curriculums in a college or university because if it will happen, how about those people who had no background in bitcoin? In that case, it would be unfair to those people who cannot afford to enroll for such course so for me, it is better if it will not happen. Anyway, the important here in bitcoin is you know how to manage and earn money from it. |
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Does anyone on here think that there is ever going to be Bitcoin Bank, be it something which is centralized or something which isn't really doesn't matter. But I'd think of this as a company, or a union (like one of those credit union banks) where loans would be given out to people with trust, money is held, and so on and so forth.
I know many think that they can escape banks, but they are insanely helpful and trustworthy for many everyday people who we'd want to join into the BTC community.
Maybe no bitcoin bank will ever be built because bitcoin don't need bank because it is a cryptocurrency. No need to hold it as long as you have access to the internet you can transact. Maybe we can connect to the bank because for example we need to cash out some fiat money from our bitcoin. But I think it is not necessary to have bitcoin bank. |
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as i said on the title what are the good effects and bad effects of robots in replacing human jobs.
What is your opinion about this guys.
In response to this question, the good effects of robots in replacing human jobs is that they don't need to interview many people just to find suitable workers for the job and they don't need to argue with them because they will not complain about the salary because they don't need to eat. The bad effects is that they cannot do something for a change because they cannot recognize us, they might not be able to go to the place they are looking for. |
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Most of us have a daily responsibilities.
How do you manage your time in trading and in bounty campaign as well as researching for the news and updates of your favorite altcoin?
I think time management will be applied to all aspects of our life. In bitcoin, yes it is also important that we have this time management so your time will not be of waste. We need to bear in mind that when we can manage our time, we can easily do everything without rushing because we manage our time well. But if you don't know how to manage your time, then everything is possible to be a mess. |
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In fact to block bitcoin completely, you need to disable the Internet. That in fact in today's world is not possible)
I agree with you. It is so impossible for the government to block bitcoin because they need to communicate with other countries government. Maybe they can ban bitcoin, but they can never block it fully or completely because there are a lot of people who will oppose it and worst, will do some rallies against the government if that would definitely happen. |
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Today's economy is either rising or falling depending on the consumers and sellers. If you join the Bitcoin, there is a high probability that you will gain something from your money because there are a lot of opportunities here. So my question is, "Where do you usually spend your money that you have gained here in Bitcoin?"
I didn't spend my money in bitcoin to anything because I want to save it for the future. I don't want to spend it especially if it is not necessary things to buy. I will spend it some day but I will not spend it yet because I want to save more bitcoin in my wallet for my future expenses. Sooner or later I will spend it next time if it is already enough for me to spend. |
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Faucets and signature is the easiest!!
Yes but with faucets the earnings are almost zero, it's the easier but unuseful way to gain some coins. You are right because it will take many months before you can really see and get what you earn. It is not actually easy because you cannot get more from faucet immediately. I know in bitcoin there is no easy money at all. You also need to work hard before you can gain from it. So we need to be patient so we can really get some money because if we don't be patient, then, it will make you feel stress. |
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I agree with you . It could be a great challenge for bitcoin. But why not? We all know that everything cannot be done without a process. Maybe it is a long wait also and a very big challenge, but if that would happen, then we will have a lot of earnings or we can gain a lot from that. All we have to do is not to quit and continue what we have started so we will not be behind with others. |
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I don't see any market crash soon.. the trend is just going up. This only suggest how persons really need bitcoin these days. I just hope it does stay the same as what I am seeing it to be the future of all currency.
So do I. I don't imagine that there will be a market crash soon just because of the increase of bitcoin's value. Even if it will reach $8000, I think it will not happen because the moment that there will be a lot of people who will keep on investing in bitcoin, there will be another bitcoin that will be produced since people are investing bitcoin now and never sell it for just a small price. |
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Well ideally bitcoin is a means of investment, but if you really need the money for whatever reason, you have to sell the coins to get some sort of fiat currency back.
You're right. Some people will sell their bitcoin in order to support the needs of their family or if there's emergency that they really in need of fiat currency. Or maybe some of the people sell their bitcoin because they are afraid that they might not be able to gain if the price of bitcoin will continue to go down. But if my assumptions were true, then they will regret that they sell their bitcoin when the price is low because now they have no chance to convert some bitcoin into fiat money because they have nothing left in their pocket. |
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With Bitcoin? By creating an ICO, you don't even need Bitcoin to make money. Easiest money ever! /s
On a serious note, holding Bitcoin seems the best strategy so far in 2017.
The best way to make money with bitcoin in 2017 is to join campaigns like bounty campaign and signature campaign. Through this, you can earn because the bounty campaign owner will give you distribute stakes per week depending on the cut-off day of the bounty or signature campaign. |
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What will happen if people just stop buying bitcoin? Will bitcoin be as usable as now Or will it be a step towards the end?
How will the market value react to it, people wanting to sell bitcoin but there is no one to buy.
If people stop buying bitcoin then bitcoin will no longer continue to increase its value and there's a tendency that it will keep its valueow until no more value. Just like a certain product, if there's no people who will buy on a certain products of course the manufacturer owner will stop producing it because they will be bankrupt if they will continue producing it without buyers. |
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I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
I don't think so. It will never happen because there are still a lot of people who ate going to use fiat money. Fiat money is also important especially to those people who lives on countryside where internet connection is too poor and also those people who don't know how to access bitcoin site through the internet. If that would happen, what do you think will happen to those people? Think about it and I think they are not the one who will be affected but we are also included there's no exception. |
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The only thing I know about Bitcoin is that it is a virtual 'money' but what are the other use of it? What are your advantages for having a bitcoin?  The advantage of having bitcoin is that you can make a good profit through it. You can join some bounty campaigns, signature campaigns and etc that will give you stakes every week. It will improve your creative writing and it will also one way of practicing your mind on thinking deeply. It will make your useless time into useful time especially during your break. Instead of chatting with your friends without earning, why not change it into something that could make your vacant time productive? |
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i believe it is better not to invest your bitcoins anywhere as investment companies might turn to scam and run away with your money without paying anything
Yes, you are right. There are possibilities of fraud so be careful, do your study, have your own investigation and once you are convinced then only put your bitcoins into the trusted investment companies only. I agree to both of you. You should invest if you already have proof that the company you want to invest is really legal and is not a scam because you will end up clueless and with nothing if you will not conduct a research study about a certain company. But for me, to make it safer, you'd better work for your bitcoin to grow rather than investing it to companies that you cannot trust so much. |
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Bitcoin brings us all Freedom edited: https://bitcoin.org/bitcoin.pdf - by Satoshi Nakamoto - The Bitcoin White Paper https://bitcoin.org/ - Bitcoin.org - #1 Non Profit Home page for Bitcoin A beginner's guide to bitcoin http://www.coindesk.com/information/ Bitcoin is Freedom --------------------- Bitcoin is Freedom from oppression, exploitation & tyranny by Banksters. From cradle to grave we have all been financial debt slaves through the debt based fiat currency schemes that should have long ago been outlawed. Bitcoin offers People an avenue of Safe Haven that assures a fiscally disciplined currency. Bitcoin is vastly superior to traditional fiat currency schemes. Bitcoin brings all Peoples Freedom by forcing Decentralized Monetary Competition, and by doing that it will eventually force governments to become fiscally disciplined with their monetary matters, or suffer monetary failures repeatedly until they do. Bitcoin will ultimately free governments from their Bankster Masters (each countries Central Bank) when governments finally re-learn to print and issue their own debt-free currencies, while abolishing their existing Central Banks powers and controls over them. This will hopefully occur as the present system fails and governments finally realize they hold all the cards, not the Banksters. So simply put: Bitcoin is Freedom ---------------------  It does bring freedom in a broader sense. It give us more option to use our money freely. It speaks volume and it started a revolution in currency which usher in the era of digital currency. Bitcoin being decentralize offers a lot of ways for improvement and development. Bitcoin did not just give us freedom but also convenience because when we want to send money to our loved ones, we don't need to pawnshop or any other way just to send money. All we have to do is to click and type the amount of money we want to send to someone and after that they can be able to receive it. they can use it to pay for their online transaction and it is very easy to access. It also means freedom because we can earn without too much work unlike in the corporate company. |
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