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521  Economy / Trading Discussion / Re: you need to overcome your fear of losing money on: November 03, 2017, 05:13:22 PM
Nobody like to lose, that includes losing in every meaning to that word. In trading world losing means, losing money. If someone is in trading world, and he or she keeps losing, that means maybe it is not for them. But not every loss is bad. If we make a mistake which lead to us losing money, we can learn from that mistake and not repeat it. Sometime losing mean learning, and maybe in some cases that is best way of learning. Everyone who are in trading world are bound to make a mistake, some makes small some big, but we all make them.
522  Economy / Economics / Re: Make money from money on: November 03, 2017, 11:21:24 AM
What are the features that a good investor should have? What are the characteristics of people who have enough capital and earn money from money?

What are the factors that make these people successful in their investments?
Good investor needs to have good eye for things, if you understand what I mean. He or she needs to see things from all perspectives, and for that to be possible he needs to know almost everything there is to know about that thing. When you know everything that needs to be known, it is not hard to know what could happen in the future. And that is where good investment begins. People that have a lot of money are... well there are two main characteristics, greed and ambition. Successful people needs to have either of those. There are other things but that could take whole life to explain. And about factor, well that would be right thing, in a right time, in a right place. Cheesy
523  Bitcoin / Bitcoin Discussion / Re: BitCoin Is Too Complicated for Average People! on: November 03, 2017, 09:03:09 AM
Well, I think it is indeed too much complicated and harder to use, you have to have knowledge about how it works on internet. You have to make an account, buy bitcoin from different sites ( which takes 5% to 7% Fees) then transfer to exchanges for trading or to use.

How can a normal people, who usually watch youtube video, use fb or other social media, you expect him/her to know all these things? I seen people give up easily, and think it's too techy.

I believe if Bitcoin sell coins on their official website, with lower fees, such as 1% to 2%, and make  a simple wallet for people to use, more & more people would buy and use it.
What is your opinion on it? discuss..
People who use Youtube and Facebook should have no problem using Bitcoin wallet and Bitcoin as currency. It is peoples will, they do not want to engage, they think that Bitcoin is something that they don't need, because they have their money (dollars or some other currecny). Paying for fees when buying and selling is part how that company make money. When you go to exchange office they take fee too. To using Bitcoin you don't have to know blockchain technology. Bitcoin is not complicated, that would say only persons who are not interested in Bitcoin.
524  Economy / Economics / Re: Does this mean Cash will be extinct? on: November 02, 2017, 06:19:01 PM
Oh it will never happend that cash will extinct, cash is the basis in this world, while we are buying our wants and needs, cash is the number 1 need, and we need cash to survive in this society, if theres no cash theres no good future for your education, for our self, for our work etc, cash is part of history of all goverment so it will never happend that it will be extinct.
Money as we know it, in cash form has already start dying. More and more people are using pay cars and credit cards for paying their daily needs. That means, that one day cash will be gone, everything will be done electronically. Also you are wrong when you say that society need cash (paper money). You don't need cash to survive, you can do that easily without it. Therefor, one day we will stop using cash, and I think that is good. Because everything will be faster and easier, also cleaner.
525  Economy / Speculation / Re: Peak and correction coming on: November 02, 2017, 02:47:30 PM
6950$.
In my humble opinion we're really close to hit the top.

I don't think the bull run will last till fork date.
It's a matter of few days, best case.

We're in bubble territory, so take profit and be liquid.
There were a lot of talks that we are in bubble now, and I agree with that. There are too much buying and more than little selling or spending. It is possible that for now price hitted top, but I think that after SegWit2x and hard fork price will rise even more. But in the same time correction might happen, because of that I am not sure what to do. I'll have to decide fast.
526  Bitcoin / Bitcoin Discussion / Re: Bitcoin is changing the world. on: November 02, 2017, 01:32:53 PM
Bitcoin is definitely changing the world we know, and from my point of view on better. Bitcoin and blockchain technology brough something new, and changed our view of currency. It could affect many things if world accept it fully. It could change speed of trading, also it could give better safety (bitcoin can not be forged). Third parties would still be needed, but even in that part it will lower needs for it. Bitcoin is affecting everything in economic world.
527  Economy / Economics / Re: Is time too late on: November 02, 2017, 11:23:09 AM
The best time to plant a tree was 20 years ago. The second best time is now Smiley
I can’t understand this example but what I get out of it is to make your investments useable right now. You are not late as there is a saying, “it is never too late”. Time comes and go and things are just disappeared but the scenario is almost different in bitcoin case. You need to work hard and prices are going up. So ultimate profit for you in all cases. Better not to wait, buy now.
He wanted to say the same thing. Tree example is... if you planted tree 20 years ago, that tree would be big now. And if you buy Bitcoins now, imagine how much will it grow in 20 years. I hope you understand metaphor now Smiley . But I also agree that it is never late, not late to buy Bitcoin or for anything on that matter. When we look back in time, we can see how much Bitcoin has grown, and that is just interesting and nice thing to see. Imagine how much it will grow in future.
528  Bitcoin / Bitcoin Discussion / Re: BTC near 7000$ on: November 02, 2017, 08:03:33 AM
Bitcoin cross 7000$
It's good feeling for Bitcoin holder.
I have 3BTC now hold or sell?
I am very confused please suggest me.
Now what can i do?
To be honest I am not sure what make price go this fast up. With hard fork and SegWit2x coming I expected for price to go down, but I guess it is still early for that. Yes it is good feeling when you know that your money is growing, and you are just sitting and watching. Answer to your question is rather simple one. If you need that money for something important in this moment, than sell your Bitcoins or just amount that you need. If not, than hold them. There will be drop in price, that is for sure, but after that it is expected for price to go even higher. Final decision is on you, and you alone. Good luck.
529  Economy / Economics / Re: Bitcoin has gone beyond gold prices on: November 02, 2017, 06:51:13 AM
Well it all depends what you want to do. So for example, if you want saving from which you can take part and spend it from time to time, than Bitcoin is go to. If you want your money to be secured, well in that way gold is beating Bitcoin. It has a lot stable price and value than Bitcoin. But Bitcoin has more things that makes it better in some ways. Holding Bitcoins has proved sometime even better than holding gold, because of fluctuation in price. Some people had even made money out of nothing but holding Bitcoins. At the end as I said, it all depends what you want.
530  Economy / Economics / Re: Bitcoin Bubble Yes / No on: November 01, 2017, 03:09:16 PM
I think that at the moment we are in bubble. Because there are too many new people that expect to get rich from Bitcoin, by doing nothing. So there are more buyers, and low number of consumers. Most of people buy Bitcoin to hold them, and that is busting price. It is not hard to imagine what will happen when people stop buying Bitcoin. Because of that I think that we are in a bubble now. But on the other hand more and more countries accept Bitcoin as legal way of paying, which is great. Because that will make Bitcoin moving forward.
531  Economy / Speculation / Re: bitcoin can hit 7000$ before end of this year on: November 01, 2017, 08:10:26 AM
I hope that this will happen in the end of this year that bitcoin will hit the $7000 because already its value is high as compared to other currencies. Bitcoin is the futuristic currency and therefore it will be more reliable and acceptable currency for all this we should keep in mind the market forces like the demand of crypto currencies and supply of these crypto currencies.
Having good support from the investors the price of bitcoin is trading in a good and stable manner. i am hopeful that if the interest of the investors will continue i am very sure that bitcoin price will very soon reach to 7000$, i am even sure that at the end of the year 2018 the price of bitcoin will cross 8000$. In fact bitcoin price has too much potential to increase.
You could be right, there are more and more people that support Bitcoin, and because of that price is still rising. It won't be long before price hit 7000$, but we must not forget that there are hard fork and SwgWit2x coming. Which mean price will go down a bit, that is for sure. But who knows how much will it rise after that. It is not impossible to see price cross over 8000$, but i doubt that it will remain on 8000$ for long. Steady price of 8000$ we will see after new year, at least that is what I think. Also I think that price of 7000$ is amazing on its own.
532  Bitcoin / Bitcoin Discussion / Re: interest in bitcoin is increasing on: November 01, 2017, 05:32:09 AM
I see no reason why wouldn't they start accepting Bitcoin as way of paying. Slowly whole world is adopting Bitcoin as legal way of paying, it is just matter of time before big companies start accepting it too. There is big profit in Bitcoin and companies see that too. Also there is benefit of easy paying and security. Bitcoin have many things that could benefit our future.
533  Economy / Economics / Re: Yes or No? Doesn't Bitcoin unfairly benefit early adopters? on: November 01, 2017, 03:53:26 AM
Of course Bitcoin benefits early adopters, and it should be that way. They seen an investment and they risked.  You can not say that something is unfair, because you didn't join the ride on time, because you didn't want to risk or didn't know about. All investments are like that, but not every turn to be as good as Bitcoin. It would be selfish to say that Bitcoin unfairly benefits early users.
534  Economy / Trading Discussion / Re: What is the risk of holding Bitcoin? on: October 31, 2017, 11:46:14 PM
As I said in the title. I was interested in putting my money into Bitcoin because of the ever-increasing price.
But I want to know what the biggest risk is to hold Bitcoin?
First and most important price of Bitcoin will not increse unlimitly, it can not. It will reach point which will be top point, and after that it could only go down. No one know when will we see top price, and if you begin holding in wrong moment... well you know what will happen. Other than that, I don't see any other things that you shold be aware of. My advice to you would be to have price in mind, and when you come to that price you sell.
535  Bitcoin / Bitcoin Discussion / Re: What's your biggest regret about bitcoin on: October 31, 2017, 05:55:21 PM
I am not in Bitcoin world for too long, so I have not done much, so there are not many things that I could regret. Like to all, if we can call that a regret, it was that I didn't join Bitcoin community sooner. Other than that I have done some bad sellings at bad time, but it was small mistakes. I hope there will not be bigger regrets in the future, but only time will tell.
536  Economy / Speculation / Re: Bitcoin at all time high $6000 on: October 31, 2017, 04:55:01 PM
Like most of people around the world, I was also excited when i saw that price went above 6000$. And I think it will continue to rise even higher. But because we do not speak of end price here, I will have to think for a bit. So, how much will Bitcoin be worth till the end of this year. I think that possible price would be in range of 6500-7500 dollars. I do not think it will go above 7500, that would be too much. But in Bitcoin world I guess everything is possible, so far at least.
537  Economy / Economics / Re: BITCOIN misconceptions on: October 31, 2017, 01:40:10 PM
Price of bitcoins are rising and thus people are thinking it will keep on rising forever. This may be right or wrong but one should trade only by knowing the right time and his/her capabilities.
I have also noticed that, I even see some people who claims the price will $1million per Bitcoin one day; all these people are just deceiving themselves. Too bad they don’t even understand how the system works.
We see that everyday, and it is sad to see that some people think that price of Bitcoin will go to 1 million dollars. Some people had made small fortune from Bitcoin, in last few years. Some people still make nice amount of money today, and that is good. It means Bitcoin is used and supported by people. But misconception that price will never stop rising is crazy. Price will stop one day, on how much... well no one can tell. There are just too much people now days that think they will get rich over night...
538  Bitcoin / Bitcoin Discussion / Re: Bitcoin legitimate or illegal? on: October 31, 2017, 11:39:31 AM
Do you know that the existence of Bitcoin has increased crime in some countries in the world? This problem is thrown by the Metropolitan Police of Europe and the United Kingdom. According to them, Bitcoin has played a huge role in their community's growing guilt. They also think that Bitcoin is involved for cybercrime, but how does Bitcoin increase crime work? Why is it being considered illegal in the country?
Well it is simple hing actualy. Bitcoin is hard to track, and it is hard to prove who owns wallet. From that we can see that Bitcoin is almost perfect currency for criminals. But I think that people don't look picture as a whole. Smilar situation happens with fiat currency. Cash is hard to follow also, bu to be honest not as hard as Bitcoin. People look on Bitcoin as something bad or good, but they forget that Bitcoin is like all other money, it is neutral. What we do with it is our choice.
539  Bitcoin / Bitcoin Discussion / Re: Why Always Bitcoin? on: October 31, 2017, 06:58:02 AM
In life there are always some things that are not known to us, or something we can not fully understand. It is same with Bitcoin, it can not be followed and therefor we can't know who can exploit and how. Like in politic, with Bitcoin it is the same. Big players will always have advantage against common people. But that is something we can not change that easily.
540  Economy / Economics / Re: Is time too late on: October 30, 2017, 09:21:52 PM
Yes, I think it will be same in the future. Some person will say that price in 2017 was low, like it is for us when we see prices from years before this. But i think that we shouldn't dwell in the past, what happened happened. But I think that it is never to late to join Bitcoin community and start trading, or just holding. What ever you decide to do it is not bad decision, as long as you don't decide to not get involved in Bitcoin world. Tongue
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