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61  Economy / Economics / Re: Why everyone only invest in the crypto market? on: August 25, 2018, 03:24:49 AM
Everyone is not investing in the crypto money. I guess you do not know too many people. but it is definitely an increase. nobody wants to miss this great opportunity.

People who are not investing on cryptocurrency will regret in the future because the market price of bitcoins and altcoins will obviously grow in the future.
62  Economy / Economics / Re: Bitcoins and a country's economy on: August 18, 2018, 07:58:34 PM
Although bitcoin is not that an "official" currency yet, one can say that a country having most of its citizen engaged with a trending, highly-anticipated financial support that should help the country's economic and trading aspect to boom and improve.

Not yet proven. Japan already embrace bitcoin but they are one of the strongest company. Other 2nd or 3rd world country started to be friendly to bitcoin but we don't know the effect to their economy as of yet.

We say this, thought of this, but in reality it is hard to imagine how can bitcoins fuel and power up a country and its economical stabilization with almost all of its citizen engaged with it? First of all, it is not an official currency which will give problems regarding to the trading and cycle of currency within a country. And lastly, the management and utilization of it is also a problem.

So, how can we say that the bitcoins are a support to a country and its economy? Is it even possible? How will that happen?


Its hard to say. Bitcoin can gave people a lot of purchasing power which in term help the the country economy, but again there's no solid proof as of today. Or bitcoin can be used as cross-border-payments, specially in Asia wherein millions to pour to the country and using bitcoin as remittance.

No there is already a proof, japan today is using bitcoins to improve their own economy and it was the reason why their people are having a wealthy life in their country.
63  Economy / Economics / Re: How is Bitcoin different from Etherium? on: August 18, 2018, 07:56:15 PM
Bitcoin is a king and ethereum is a queen who always next to bitcoin.Bitcoin can be used as a payment system while eth is a coin can used in investing in the market.Bitcoin was decentralized and Ethereum was developing its new platform to develop a currency.

Yes i do agree on that as well, ethereum has a good potential in the market as well which has the chance to be the next bitcoin when the shortage of mining for bitcoins occur in 2021.
64  Economy / Economics / Re: Cryptocurrency wallets: Can they be hacked?? on: August 18, 2018, 07:54:09 PM
I am very interested to know if cryptocurrency wallets like Bitcoin Core, NEON, Electrum can ever be hacked ?

There is no cryptocurrency wallet that cannot be hacked. All you need is to protect yourself from the hackers by ensuring you protect your private keys.

Yes you are right, but there are market that has good reputation since they manage not to dealt any problem on the people who invest in their market so choose an exchanger that most of the people are using.
65  Economy / Economics / Re: With Hackers everywhere, How safe is Cryptocurrency? on: August 18, 2018, 07:50:39 PM
Its no longer news that an ICO in Japan has lost over $400 million to hackers. They promised to pay back investors who invested in their ICO. Thsi is a huge loss. After I read that news, I began to wonder. How safe is Bitcoin and Other altcoins? What measures should we take to avoid being hacked ?

The reason why there are famous market is because of their good security system and that is the reason you need to do a lot of research before choosing where you are going to invest.
66  Economy / Economics / Re: Can my economy be fulfilled in the future with Bitcoin? on: August 18, 2018, 01:27:58 AM
It all depends on us who use bitcoin, if we follow a lot of bounty campaigns maybe the benefits we get will be more. But we also have to remember, if many people who use bitcoin will have an impact on the country's economy. So it's better if we use bitcoin for the side and prioritize our current work, because we don't know exactly how bitcoin will be in the future.

Japan is now legalizing cryptocurrency in their country and the economy is improving, people can easily pay taxes since they can earn more income due to cryptocurrency trading in the market.
67  Economy / Economics / Re: Why people are still buying BTC? on: August 18, 2018, 01:26:30 AM
it may not be useful right now. useful to me, though. but we are talking about a system that is constantly renewing itself. surely will be problems. these are problems that can be solved in time. I guess people think like me.

Cryptocurrency is useful and it was a good investment because there are a lot of people who are interested on investing in bitcoins which makes the price to increase even more in the future.
68  Economy / Economics / Re: Be greedy when others are fearful... on: August 18, 2018, 01:25:40 AM
a friend is investing dollars and euro. but he is making so many funny moves that he really earns very little. another friend earn much more thanks to his courage even though he does not know the market well.
Your friend is just lucky, it is true that you need guts in order to be an investor but that is not enough you need to have knowledge because once the luck runs out and your friend begins to lose money it is likely he is going to take even greater risks trying to keep his previous earnings and when he does that he will lose even more money as a result of his decisions.

In my own opinion, it was not about luck, if the trader or the person is really good at marketing or they knew how to trade properly then it was very easy to earn profit and take advantage of the current situation.
69  Economy / Economics / Re: bitcoin in developing countries on: August 17, 2018, 06:49:37 PM
At present, some developing countries can make BTC and payment of goods and services, which would be good for the economy. In short, the entire world market will accept BTC
Developing countries can take advantage on Bitcoin, but it will not be easy since Bitcoin's volatility is high, it can either raise the country's economic status or mess its economic status. I guess that's why some country don't fully accept Bitcoin, some of them even ban it, because they believe that it will ruin their economic status.

In my own opinion, bitcoins volatility is necessary in order to earn more profit because the price needs to change in order for people to be able to multiply their coins.
70  Economy / Economics / Re: Government regulation on cryptocurrency, GOOD or BAD? on: August 17, 2018, 06:46:56 PM
I came to a realization that government had stepped in already in some countries who are accepted and acknowledge cryptocurrency existence. In fact they made a regulations that has made some negative and positve reactions over the implementation of cryptocurrency regulations like doing KYC (Knoy Your Client) on local exchanges, Registering ICO projects to the government agency concerns and etc which purpose is to prevent illegal or abuse in the use of cryptocurrency from money laundering, funding terrorist groups and etc. Well can you say about this regulations, GOOD or BAD?
I believe that cryptocurrency is a state of freedom and independence, so every kind of regulations that government is trying to put on them would be negative for their freedom, and independence as well.

Yes cryptocurrency is a freedom for those poor people and that is the reason why the price of cryptocurrency is pumping and government are creating regulations because somehow it was affecting the growth of the countries economy.
71  Economy / Economics / Re: What will you do with the current market? on: August 17, 2018, 06:41:59 PM
All venture investors sell tokens at the same time, but there is no one to buy them. Ordinary investors can not - their means are not comparable. Therefore, the market falls - first the price of tokens, then on ETH

The reason why the market prices are falling is due to people who are selling their coins at the lowest price and most of them are amateurs who invest because of the hype in the market.
72  Economy / Economics / Re: How will crypto go long term? on: August 17, 2018, 06:39:26 PM
At this time crypto price is going down. But over the next few years crypto price won't gone down. I think it. Price raise and price down this is reality in every market. All year the market will go on this mode.

Yes you are right, the market is volatile so obviously the price will soon to increase and you should invest a huge amount today while the prices are still down.
73  Economy / Economics / Re: Beside Cryptocurrenices where would you invest? on: August 17, 2018, 06:38:25 PM
Real Estate, Boutique, Poultry...

I tried Currency trading, Stocks, Security gadgets, Cafe, Poultry.. None is as  lucrative as Real estate. Houses are  always in hot demand everywhere. It's capital intensive unfortunately.

Poultry farming (Turkey and Chicken) is another great investment. It takes a lot of effort but very rewarding in the end. You just have to try not to lose most of your birds to illness. They easily fall ill especially the genetically modified ones.

The best investment aside from cryptocurrency is on real estate because the cost of a lot is growing each year so you will obviously earn a huge amount of profit in the future.
74  Economy / Economics / Re: The whole market is going down. Any particular reason for that? on: August 11, 2018, 02:18:45 PM
Guys whole market is going down rapidly. Especially see the ETH price. it is crazy.  But I didn't see there is the specific case except  ETF. Can anyone guess when will be market recover? 

I have also been able to gather some information that, the price usually goes with the trend, it can go up or it can go down regards of the news. - I saw that it usually takes up to 3–5 days for bad news or good news to influence the market.

If you would check the news now you would see how many countries are trying to regulate and embrace blockchain technology. - More and more projects are starting to get built on Ethereum because it’s the most secure and reliable to use - Venezuela issued its first oil backed cryptocurrency on Ethereum (Petro Dollar).

Obviously, the news and speculations of cryptocurrency is actually affecting the market price and that is the reason why you should always invest every time the market prices are dropping.
75  Economy / Economics / Re: Which one do you prefer?Increase your Bitcoin or ِDollar? on: August 11, 2018, 02:16:41 PM
Dollar is too much a stable coin to see it double. If I am to choose which is most likely to double, i will invest in bitcoin which is very feasible. It is not logical to say the dollar will double when 1 dollar will always be one dollar in the US unless maybe you are from a different country where you compare the it with your local fiats. Even with that, it is very slow to happen compared to bitcoin which can happen in a day or two.

Yes you are right bitcoins is very profitable now a days due to the volatility of the market and that is the reason why we should invest even more , its because we can surely earn a huge amount of profit in the future.
76  Economy / Economics / Re: Will crypto solve socioeconomic problems? on: August 11, 2018, 02:09:07 PM
Crypto currency will certainly be able to solve economic and social problems, provided that its developers bring the matter to the end.

It can actually solve the economic problems if most of the people will be legalized to invest on bitcoins or altcoins because in this way they can pay taxes easier than waiting for their salary on the corporate.
77  Economy / Economics / Re: Do you approve this strategy: sell alts buy btc? on: August 11, 2018, 02:06:30 PM
Now implementing this strategy is the most ok, because the current BTC prices are very low and can fall deep, so buy them now do not miss the opportunity.

buying btc is good but selling alts this time is not that good because the price is also low you can sell it but with a low value so it is better to hold it and buy bitcoin form your fiat but if you got nothing you can sell your alts because the chance you can earn with a good value is on the side of bitcoin.

Indeed, current situation is not good for selling our altcoin because most altcoin in market drop the price more than 70% from highest price. I think i am better waiting price increasing and selling my altcoin to bitcoin. But sometimes investing on altcoin and hold it as long term investment is profitable because movement on altcoin more attractive than bitcoin

With the market price that is dropping at its 70% from its highest value, all you need is patience because most of the people who sell their coins at its lowest price just lose a huge amount of their capital since the market will still go back at its previous prices but it will take a long time.
78  Economy / Economics / Re: The Real Reason to Hold Gold And Bitcoin on: August 11, 2018, 01:54:35 PM
In the event that you need great venture at that point there is most likely that you will hold bitcoin and gold due to their execution over the most recent couple of years. Bitcoin and Gold are nearly the same, Physical and Digital gold however they are only extraordinary in value development which is bitcoin moves speedier or change its cost routinely while gold is simply steady. So on the off chance that you extremely like them two for your venture then you going to hold them.

In my own opinion, bitcoin and gold are not the same, bitcoins will grow due to the demand in the market while gold has a stable value in the stock market, that is the reason why cryptocurrency is a better asset.
79  Economy / Economics / Re: Government regulation on cryptocurrency, GOOD or BAD? on: August 11, 2018, 01:36:05 PM
Under the government admits that cryptocurrency could develop better. If all countries in the world suppress cryptocurrency, then i think cryptocurrency is difficult to develop.


The development or progress of cryptocurrency will be always depending on the people who are investing so it will always grow depending on the demand in the market.
80  Economy / Economics / Re: What will you do with the current market? on: August 11, 2018, 01:06:36 PM
I am kind of upset by nowadays market but I’m still sticking to the holding strategy. I think it’s better to buy some tokens now and patiently wait.

Yes it was better to invest a huge amount today because the market prices are dropping and you will surely earn a huge amount of profit when the market goes back to its normal state.
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