bitcoin is going down so hard now(only 4200$) so it's the good time to buy bitcoin now. Buy now, or you will regret soon!
I will suggest the same. Bitcoins are dumping at present and those who want to garb bitcoins; it is golden chance for them to take an epic ride of 5k dollars with bitcoins. Bitcoins are the most useful and trustworthy currency in regard of producing profits. I am also buying some more bitcoins right now. |
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In this phrase is how I explain Bitcoin in all senses.
"Bitcoin is the most free and pure form of a crowd-economy, free from the oppression of governments."
Bitcoin can change everything. I personally agree that bitcoin changes the way I live. Because of bitcoin, I learned how to manage my time by making my list containing every agendas. Before, a day will pass that I only finish only one tasks but now everything is in balance. yes you are right i also like you, i am now more disciplined in managing the time for having to divide between real life with this forum. That’s great if you are able to manage our time very well now with the help of our respected member. Time management is an important rule to live a prosperous life. Only people who live a disciplined life can succeed in life, those who waste time always stay at lower levels of the society. |
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As long as there are users, Bitcoin will continue to exist. Even if major pools decide to stop mining Bitcoin, users could take the lead and start mining it, and mining would be much more decentralized in the hands of many users.
Yes, how long bitcoin will last is determined by we the community, though it’s not just the community, but including the devs. We’ve got a long way to go with bitcoin, and a lot of success to achieve. Bitcoin is never ending until we say it’s over. Topic URL |
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In my own opinion, I don't see trading as a fun or game but as a business opportunity that one can more money and equally lose money at the same time. I say this because in every investment decision you make there is a tendency positive outcome and negative outcome. So, I don't see trading as a fun or game but as a business opportunity with two sword outcome.
When trading is a business opportunity then there will be no meaning of expecting fun or any other entertainment from it. We should be serious while doing trading so that we can make profit without getting into any problems of losing money with trading. Only people who are treating trading is as serious business, getting chances to make big profits with it. All others are just facing losses due to their laziness and not ready to analyse the markets. Some people are suggesting about fun while trading just to kill emotion failures but I am not seeing it as a working idea. Moreover I am afraid thi kind of activity may lead to big losses too. Trading is a proper profession. People who are earning grand profits as u said are working hard day and night on trading. They are not just leaving it on luck or ding trading with mere guesses. I don’t think so it is fun to lose money what usually happens to traders who try to go easy with trading. Only a fool can treat trading as gambling and consider it as an enjoyment. Trading is for those who want something professional and does not believe in gambling and luck related things. Trading undoubtedly demands too much hard work and with just guesses, you are never going to enjoy big profits. |
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I use a simple excel sheet  This is a very smart approach though. But you can use some other means to keep track of these things. This is something which depends entirely on what sort of business you have. If you have a small business, then you can manage it possibly but for a large business it might not be possible. All time favorite excel sheets are doing best job for me as well. Since I have not much diversified portfolio, it is okay for me to keep all record in excel. Furthermore I can easily calculate my earnings and formulas by using simple formulas. Yep! For large businesses, you need proper software. |
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Do you gamble for fun or for profit?
When I was a beginner I used gambling to earn profit but every attemp that I have made is futile because I always ended up to a losser. Then, I found out this forum and I gradually lost my will to gamble that's why I used gambling just for fun purpose only. It is for your own good kid! I am also a fun seeker gambler because I know the fact, if you want to earn something and do big things, you need to do hard work, put a lot of effort and keep on going no matter what it costs you, gambling is nowhere near all these. I wouldn't surprised if then keep hearing people who claimed gamble for the sake of fun , But deep inside of you , it will always about making money , Why? Pretty simple because of the factor that makes people so excited to gamble is because it's looks easy to make money , In short term it is indeed , but then when you try to make it happen for longer time it will always failed. I don’t really agree with you. it is not always the case that people gamble only for the sake of money .there are many who have a huge amount saved up in their bank accounts even then they gamble just for the sake of fun. Yeah but in most cases, money is the main aim behind all this. It is a fact that gambling is only profitable in short terms and if practiced again and again, it definitely brings u a loss. |
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In my possess viewpoint, get or spend your money and hold the remaining volume simply because possibly you obtain or get rid of, at east the funds sum you place in was previously safe in your palms.
I am in the favor of saving bitcoins for future purpose because they are going to make many more records in the future, leaving all the investors with massive capital. There is no need to waste bitcoins on useless things. They are the global assets and meant to be treated with care and wisdom. |
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An area dedicated to discussing the differences of these two terms and the theories supporting them. I'm looking forward to an in-depth discussion on the subject! I've noticed that confusion between the two seems to come up quite a bit on the forum, and thought it may be reasonable to dedicate a thread on the matter. Pulled from a discussion in Wall Observer
Price-Deflation is what you are used to hearing about in Bitcoin. That term is used to describe the prices of goods/services as they decrease, because the value of Bitcoin goes up. Price-Inflation is the opposite. When prices of goods/services increase because the value of Bitcoin goes down. So, when dealing with Price-Inflation or Deflation, there is an inverse relationship of price and value, in regard to goods/services and Bitcoin. Example: As the Bitcoin price goes from $10 to $20, the prices of goods/services goes down from 20 BTC to 10 BTC. As the Bitcoin price goes from $20 to $10, the prices of goods/services goes from 10 BTC to 20 BTC! Why does the price of Bitcoin go up and down? The price of BTC goes up and down based on the exchange rate, or market price, which is set by buyers and sellers, or traders. They directly trade the Bitcoin currency with all sorts of other currency, and even some with gold; the most popular being the USD (US dollar). They set the price when executing orders to buy or sell. I will get into the actual reason of why the price fluctuates in the last section.
Now that we've gone over PRICE Inflation and Deflation (which honestly, to me, is a term made popular by Keynesian's to hide the real facts, as price inflation/deflation is simply the market exchange rate, reflective of the money supply into a currency from itself and other currencies), let's go over the REAL inflation/deflation of a currency (otherwise known by many as Monetary Inflation). MoneySupply-Inflation is when the value of Bitcoin decreases when the total supply of Bitcoin increases. In our current state, this is at a generation rate of 25 BTC every 10 minutes. MoneySupply-Deflation will essentially never occur. It is when the value of Bitcoin increases when the total supply of Bitcoin decreases. This may happen, say, when someone loses their private key and all the BTC associated with it are lost. This effectively "makes the rest of us richer". That being said, there is a SET DECREASE in the generation rate of BTC, so you have sort of a "deflationary effect" in the value, as long as more exchange occurs for BTC at a rate which is faster than that set generation rate. When all 21 million coins are produced, the MoneySupply will be neutral, and the value will continue to increase (prices will decrease, consequently), as long as people continue to exchange in BTC. This leads me to the last section.
What determines the PRICE of Bitcoin? The VALUE of Bitcoin at a particular moment. What determines the VALUE of Bitcoin? The SUPPLY and DEMAND of Bitcoin in the economy. What determines the SUPPLY of Bitcoin? Currently, the MoneySupply-Inflation rate of 25 BTC every 10 minutes, and traders willing to SELL Bitcoin to BUYERS in exchange for other supplies of money (currencies).What determines the DEMAND of Bitcoin? Traders willing to BUY Bitcoin from SELLERS in exchange for other currencies. Therefore: BUYERS, SELLERS, and MONEYSUPPLY-INFLATION (miners) determine the VALUE of Bitcoin, which determines the PRICE of BTC as BUYERS and SELLERS trade based on that VALUE (or supply and demand) of Bitcoin. We don't exactly know the totality of the supply and demand. Sure, we could try and aggregate data from all the exchanges, but we will never be accurate as there are exchanges which can not be accounted for (OTC). The cool thing is that we DO know the MoneySupply rate, and we DO know the exchange rate. From this, we can determine a real value of Bitcoin when simply multiplying the two factors; a sort of inflation-adjusted view of the currency. Effectively, the quantitative analysis of supply and demand is really what the currency exchange traders attempt to accurately determine which is conveyed through buying and selling of Bitcoin, setting a VALUE via the PRICED exchange rate of the currency. On a side note, most of the big Market Makers (FX Traders) use this price movement as a way to make a profitable living, as well. Especially when price fluctuations are a consequence of hype or fear (bubbles, cliffs), not factual supply/demand data, and are wildly out of the real price range. Thus, if you analyze the proper macroeconomic data in an attempt to forecast future DEMAND for more Bitcoin (price increase), you will realize some very interesting things, and have a more accurate picture of where the price is going... Happy trading!  Involving commodities in the same sense in economics as inflation is near the impossible. Right now digital currencies are considered Commodities that's the easiest way to consider it from now until at least another year from now. It's just going to get really confusing if you try to manipulate that as a cash flow versus inflation index. |
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In this phrase is how I explain Bitcoin in all senses.
"Bitcoin is the most free and pure form of a crowd-economy, free from the oppression of governments."
Free from government oppression-yes,but not free from miners,"hard fork supporters",big holders trying to manipulate the market price and "off-chain" supporters.I think the term "crowd-economy" is meaningless,what are you trying to say with this?Every economy is a "crowd economy".Obviously we need people (crowd) to have an economy. Maybe he wanted to say that it is people currency meant to be ruled by people. We all know that all other state currencies are not in the control of common man whereas bitcoins provide everyone with same opportunity of earning profits. Bitcoins provide complete freedom to the users. |
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Poloniex is not a better option when you are dealing with exchanging in bitcoins. Due to lack of security, long terms waiting for fund transferring, high fees, not a better interactive system handling. It has been rejected many times on this forum for better trading. |
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Don't gamble again is all i would i say forget that 60$ it doesn't matter just save you will be able to make more just trade some coins or invest in the site you will easily recover your loss in few weeks of you invest a good sum. I didn't understand rest of your post all i would recommend is don't try to recover that loss
I will also suggest the same. There is no need to bet again. It is better to go for trading. Even trading in altcoins is far better than gambling. I would prefer bitcoins for investment but at present they are very expensive. Trading produce long term profits so go for it. |
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I have seen many ways to earn bitcoin, and still not familiar with some of it. I am a student and I wanna ask how to invest in bitcoin, and if students like me are capable of doing that already?
Please share your thoughts. Thanks.
When i first started here I also dont know how to invest in bitcoin but after reading some of the posts here I learned how. I joined signature campaign they pay you according to your rank so I invested the payment i got in bitcoin. For now I didnt use the money I earned I just keep and hold it in my wallet. Yes, there were so many ways to earn btc even if you are a student or not, you can be a part time earner, and so it can help your some finance in school and some things you need. |
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Btctalk name : TheGreatPython
Rank : Member
Current post count : 110
BTC Address : 1NGeVpgunUA1JuzNNddtceYHqYCfPaZBXT
Wear appropriate signature : Yes
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From an economic standpoint, which factors make one cryptocurrency worth more than another?
1) current number of coins
2) maximum number of coins
3) rate of growth in the supply of coins
4) how many people/businesses accept it as a form of payment
5) total number of users
6) technical aspects of the protocol
7) number of exchanges that allow conversion to other cryptos or fiat currencies
Discuss.
There are not really much factors all that matters is just the demand and the supply of the currency, if the currency gets a lot of demand and its limited in supply then the price is going to go up, but if the currency isn’t being demanded for, then there might be no change in price, it might even start decreasing |
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Things do look abysmal with how things are going currently and the path we seem to be taking, over the decades we made so much progress and it seems we've taken a wrong turn. I don't think we're a failed nation though because we see a lot of resistance to status quo now and people are saying, 'THIS ISN'T RIGHT!' marching and protesting on the street too. So I think there will be a rebound from all of this.
Talking about a Super Power country, it is never appreciated to say this thing that America is a failed nation. Ups and downs come on each and every country, but learning from your previous mistakes makes you a great nation. |
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I say a capital NO to the question in the OP. No, Bitcoin isnt a wise way to invest! It's volatile and unpredictable. It's a risky venture but sadly a lot of people see it as a kind of get rich quick engagement. But if OP expands it to the cryptos (the altcoins included) I would say yes it is a good way to invest one's money. Just look out for potential coins out of the over 900 cryptos and buy to sell off in the future. That way one makes money.
You must be from some other planet. How can you call bitcoins a bad investment? There is no crypto currency that is stable in nature. The volatility of bitcoins is a blessing as well. You must be unaware of the facts that bitcoins have made many people achieve their goals. You should start reading articles and news to stay updated. |
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Getting a regular and permanent job is always the best option for a steady income. Bitcoin is just like another sideline for us.
I think you should learn more about the opportunities of bitcoin earnings. People around us are leaving the real jobs because they get paid more in the bitcoin forum as compared to it. They get the time for themselves as well as for their families too. What would you need more than this and real job will never give you such freedom in first place. Bitcoin has started giving the opportunity for steady incomes and it's no more just sideline but real business for many. There are not single ways of earning and that makes us free from worrying about unsteadiness in it. I personally treat bitcoins like mainstream investment because they deserve it. Bitcoins have changed the lives of masses and this is a fact that people are leaving their jobs because of bitcoins. They are damn tired of getting ruled and snubbed all the time by their bosses who even don’t deserve to be called boss. |
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Btctalk name : TheGreatPython
Rank : Member
Current post count : 105
BTC address : 1NGeVpgunUA1JuzNNddtceYHqYCfPaZBXT
Wear appropriate signature : yes
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That’s the splitting of the coin which is Bitcoin and Bitcoin Cash which is BTC and BCC, I don’t have details of why the split occurred but that’s all I know about the stuff right now. There are now two sort of like factions of the crypto
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Bitcoin faucets and mining sites are everywhere these days and sometimes you can’t even tell the legit ones from the scam ones because they’re all showing both real and fake payment proofs. The only faucet I’ve tried is freebitco.in
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