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61  Economy / Economics / Re: Digital Money = Cashless Society on: August 17, 2018, 07:06:10 PM
Digital money indeed will lead to cashless society in the future. In our country credit cards and debit cards are used a lot and i believe cryptocurrency is now being introduced to many. Later on, in the future many are into digital already.

Yes cryptocurrency has been already introduced to everyone and there are a lot of countries that are recognizing bitcoins as a very good source of income so maybe in the future, people will prefer digital currency and we are going to live a cashless society.
62  Economy / Economics / Re: Reason we pay taxes and why we should on: August 17, 2018, 07:01:53 PM
Tax gets misused many times like funding NASA "planet mars mission". There are more meteorite hits on Mars than on Earth but they are spending tax payers multi-million dollars on Mars missions. Wasteful government expenditure of the governments must be cancelled by the taxpayers.

It was on the class a countries. But in the poor countries, corruption is the number one in where the taxes go. Projects that turns into plans but with alloted budget and such. But with tax infrastructure are built at the same timeot helps the poor people who can not sustain daily needs. Thats the positive sides of tax.

Corruption of the government is the reason why people are not wealthy and cannot have job so easily, people hate to pay taxes because not every government are using the funds to improve the economy and they are just stealing it for their own purpose.
63  Economy / Economics / Re: Crypto replacing fiat? on: August 17, 2018, 06:58:28 PM
Lets say crypto completely and utterly replaced fiat. Fiats don't exist anymore. All governments have seen the advantage of using digital currency and have completely changed their fiat into crypto, like dollar to dollar token(obviously not tether). How viable is this? For example anyone can see how much I am holding using the public ledger and track me down and force me into sending them the cryptos I hold. I wanna discuss in reality if cryptos actually replace fiat how life will be and what are the problems we are gonna face and the immediate effects of it.   
I think it will be difficult for crypto to replace fiat, because fiat is supported by the government and it is been using all over the world, so bitcoin has a low chance to beat fiat currency. But if bitcoin has a chance to replace fiat every transaction will be using blockchain technology.l

Bitcoin will be an alternative solution for payment in the future along with the cryptocurrency which will replace fiat currencies. The government will probably introduce their own cryptocurrency which will be representing the country-specific fiats. Maybe not soon, but surely blockchain technology will be utilized in the future and cryptocurrency will be introduced as a major payment option in all sectors of the society.

Yes, most of the countries has the same idea in the future and that is the reason why japan is allowing cryptocurrency to flow in their own country.
64  Economy / Economics / Re: Facebook now joining btc? on: August 17, 2018, 06:57:05 PM
Is this a good time for Facebook to try new kinds of stuff. Facebook owner Mark Zuckerberg has become the world's third richest man in the world and he has achieved all that just because of technology and a right idea, So do you guys think he will now at least think about experimenting to take bitcoin as a payment method in facebook. I think that will surely change a lot of people's mind around the world and they can freely put some money on facebook business.
In my opinion this type of conclusions is too fast right now because we cannot predict that and we cannot know that for sure, but it feels like Facebook is feeling much more positive towards cryptocurrency than before.

If the rumors are true and facebook is going to create their own market for cryptocurrency then bitcoins price will increase even more in the future and all you need is patience to become wealthy.
65  Economy / Economics / Re: Why most bitcoin users from good economies countries? on: August 17, 2018, 06:53:18 PM
I think the answer is obvious, because of these countries have money for free investment


The answer is, not every country can stand the growth of cryptocurrency either it can improve or decrease the growth of their economy depending on how many people are using bitcoins or altcoins in their country.
66  Economy / Economics / Re: I almost lost my rock solid regular job because of crypto on: August 11, 2018, 03:37:47 PM
Like the title says, i almost lost my regular job as a software developer today when my boss reviewed my work. The job has been able to economically provide a comfortable life for me and losing it would really be a big hit to my income. I almost lost it because i spent so much time learning about everything crypto (mining, trading, bounties, etc.).

Has anyone else experienced this? I just feel pretty lucky I was given another chance and want to remind other people that having a regular job is much better than relying on the volatility of cryptocurrencies. Make sure you prioritize your work!

for me cryptocurrency is to find extra money, not for my permanent job. because crypto has a high level of risk.

It was true that cryptocurrency has a high level of risk but it was very profitable and that is also the reason why you should invest just a good amount and always have a back up in order to get something when crypto market fails.
67  Economy / Economics / Re: Bitcoin and Globalization on: August 11, 2018, 03:31:36 PM
In your post there is much good and hope, but unfortunately not everything is so simple. If the regulator in any country prohibits the use of crypto currency, the merchants will not be able to accept it as a form of payment. To my regret, I do not see the prerequisites of globalization crypto currencies in the whole world, as long as there is a classical banking system.


For the coming years bitcoin will  surely immerse  to globalization for future generation. As the development of the global market continous to grow ,I think for the coming years the existense crypto currency will dominate.


Cryptocurrency is already dominant right now, the market price have gone to $1k dollars and it keeps on growing even more which means that there is a huge chance for crytpocurrency to have a bright future.
68  Economy / Economics / Re: Whether Getting Married At a Young Age Can Lead To Poverty And Make Poor Economy on: August 11, 2018, 03:30:16 PM
I see in my country many marriages at a young age and don't think about the economy in the future,
I know getting married at a young age is very beautiful,
but if the economy is insufficient, maybe should think again not to get married at a young age,
and I think from that marriage it can give birth to children and increase the population of the earth, and maybe in a few years the earth will be full of humans and surely there will be many other crimes to survive on this earth,

Is there a solution, to overcome this impending disaster

In my own opinion, you should have a stable income first before starting to get marriage in order not to get problems in the future that is related to financial and have a wealthy life.
69  Economy / Economics / Re: When will smartphones used for bitcoin mining? on: August 11, 2018, 03:20:40 PM
As we all know that smartphones are just like computer nowadays that has strong storage capacity and processor. This I think could be enable to mine bitcoin and this is what I am waiting for if there are any smartphones company that would offer their smartphones for bitcoin mining or even as a smartphone that works as digital hardware wallet for bitcoin and other crypto. I am waiting for it to happen. Do you think that it will happen?
I dont know if i will make sense. I don't believe that there will be a time for smartphone to mine cryptocurrency but it could be integrated in the blockchain as a block or something similar to confirm the information stored in the chain.

Even the most powerful smartphone is not good for mining - it will simply kill the gadget. Moreover, you will never earn a lot of money using the phone to mine the cryptocurrencies.

Yes it was not good for mining because the hardware of mobile phones are still not decent to handle the algorithm of block chain so i think that it will take some time before it will be possible in the future.
70  Economy / Economics / Re: regulation and legalization of cryptocurrency on: August 11, 2018, 03:19:50 PM
i think it is a good start but i would love to see a lot more restrictions on ICOs than just a fee and a license. they need to come down on ICOs and do it hard and other countries must follow. unfortunately in this decentralized market people have proven that they can not get rid of the nasty ICO disease themselves so the government step-in is a good thing in this case.

Restrictions on cryptocurrency is necessary because governments need to create laws in order to maintain the balance in order for the economy not to crash due to the growth of cryptocurrency.
71  Economy / Economics / Re: Beliefs about money and wealth on: August 11, 2018, 03:17:32 PM
I always put my trust and expectation into the market, even though the market is down, but that's not the reason I'm disappointed.

The market volatility is necessary in order for you to earn profit and that is the reason why you should not be disappoint in order to multiply your coins.
72  Economy / Economics / Re: Thailand: 20 Companies Have Applied for Crypto Exchange Licenses on: August 11, 2018, 03:14:51 PM
it seems like Asian countries are adopting cryptocurrency and handle it well better than Europe and U.S.A right now . Of course , they realized that this kind of attitude will attract more investors and more money for the sake of their economy .
in terms of regulation , i think it's pretty early to trust these exchanges , but maybe in near future there will be strict laws about them to prevent scamming.

This is a very good news because it only means that people in the community is starting to accept cryptocurrency in their own country which will make the demand in the market to increase even more in the future.
73  Economy / Economics / Re: why do people agree to pay taxes? on: August 11, 2018, 03:10:51 PM
Build your own nation then if you don't want to pay taxes. Every nation surely provide some service from money you pay (if corruption not happen) like security, health service, etc and use your money to make your nation better.

Taxes is necessary for the economies improvement, the only problem is the government employees who are corrupted and they only steal money which is taxes, that is the reason why people hate some of the governments in order countries.
74  Economy / Economics / Re: Factors that affects the value of bitcoin... on: August 11, 2018, 03:09:17 PM
Many factors can make the value of bitcoin increase, and in my opinion the most important thing is that more and more countries legalize bitcoin so that users feel guaranteed if many countries have legalized such as Japan.

Hackers' attacks, different evens on the exchanges, then whales' manipulations, the information that appears in mass media, whatnot...All this stuff affects Bitcoin value.

Yes it affects the market price in order to dump but you can also take advantage of that current situation in the market in order to hoard more coins.
75  Economy / Speculation / Re: Why we will see $50k Bitcoin end of year on: August 11, 2018, 03:08:33 PM
The last time the CBOE launched a Bitcoin financial tool, futures, we saw $20k. Recently rising Bitcoin dominance shows people betting on the latest CBOE tool, ETF, being approved.

Bitcoin dominance is heading towards fifty percent by marketcap. What does this mean for the price and how should traders and investors view it? Marketcap is by far not the best metric to read dominance, but that doesn’t mean it can’t add value to your trading.

Latest Podcast Episode Discussing More Details

https://soundcloud.com/buy-or-sell-what-the-hell/does-bitcoin-dominance-matter-to-traders-35




In my own opinion, the reason why cryptocurrency will reach $50k dollars before the year ends is due to the hype in the market, people will invest a huge amount because they believe that the price will pump up again just like what happened last year.
76  Economy / Economics / Re: Bitcoin 10.000$!!!! What's Next? on: August 11, 2018, 02:57:59 PM
I think now many will start selling bitcoin and it will become a little cheaper. But it will not be long, in a few days it will again resume the increase in value.
I think if you will sell now your bitcoin I'm assure that you will regret of it later because there's a big wave that the value of bitcoin will reached $20000 soon.

Yes i do agree on you, most of the crypto analyst today are expecting for the price of cryptocurrency to reach $50k dollars before the year ends and that is the reason why you should hold your coins today.
77  Economy / Economics / Re: Why spend time in bitcoins? on: August 11, 2018, 02:53:48 PM
maybe because bitcoin is a workplace that is very easy to get money and income to meet economic and other needs.

Bitcoins is easy to get but not easy to multiply because the market price is depending on supply and demand so you should always study the situation before investing or selling your coins.
78  Economy / Economics / Re: What will you do with the current market? on: August 11, 2018, 02:46:54 PM

Looking at the current market, many people are disappointed in the market price, bitcoin prices stomping at the $ 7000 level, altcoin prices are falling deeply. Recent good news, however, shows that the market continues to grow and has great potential in the future. What would you do this time: Buy bitcoin, buy altcoin or do nothing?
This is the best time to buy the bitcoins and other crypto currencies since the price dumped a bit maybe we will have another spikes in the end of the year that is always happening and also the ETF speculation will add more spikes to that,

to buy or invest in coins or altcoins there is no set time, buy it at any time at any time, indeed some say now is the right time to buy a number of coins, but I hold back some time while following a bounty program

There is always a right time when to invest and that is when the market prices are dropping, people are getting rich in trading because they are selling and investing depending on the market situation.
79  Economy / Economics / Re: Which one do you prefer?Increase your Bitcoin or ِDollar? on: August 11, 2018, 02:42:53 PM
I would prefer increasing my bitcoin rather than increasing my dollar deposits. Bitcoin is volatile in nature but, would bring bigger returns in the long run. Dollar price is almost stable in value. So not much profit in dollar investment.

Increasing your bitcoins will make you earn more money because the market prices of cryptocurrency is always growing depending on the demand from the investors.
80  Economy / Economics / Re: Is NOW the best time to buy or enter in bitcoin? on: August 11, 2018, 02:28:39 PM
Now, maybe this is the right time for us to invest in bitcoin. Possibly in the next few years, the value of bitcoin will increase dramatically. By the third quarter of 2017, the amount of bitcoin is meager, so many people have made the right choice when investing in it, they spend a little money, but by the end of 2017, the value of Bitcoin has the strongest fluctuations in the history of cryptos. This is an excellent example of how to choose the right time to invest in bitcoin.

Bitcoin price right now at $6100 and i think its cheap price compare with highest price. Many expert predicted that bitcoin price can reach $25k end this year and i am believe crypto market will recover again.

Yes it was a decent price to invest a huge amount in order to earn more profit when the market prices goes back to its normal price in december and all we need right now is patience.
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