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1  Economy / Economics / Re: Can you really make money on Forex? on: January 02, 2018, 09:13:29 PM
Yes! Making money in forex is easy if you know how the bankers trade.  In the forex market, you buy or sell currencies. Placing a trade in the foreign exchange market is simple: the mechanics of a trade are very similar to those found in other markets (like the stock market), so if you have any experience in trading, you should be able to pick it up pretty quickly.
2  Economy / Economics / Re: The future of the paper money on: January 02, 2018, 06:23:33 PM
 I guest it’s reasonable to expect cash to follow the path of other goods that have been replaced by digital alternatives, such as photos, music and movies. But if Cryptocurrencies or other digital forms of payment  transactions will ever replace paper money .. may be  Not so fast. Cash will likely become less popular, thanks to the high cost of using cash and the growing array of alternatives. But I expect it will remain with us forever. The future will be “less cash,” rather than cashless.
3  Economy / Economics / Re: Electronic Money vs. Physical Money on: January 02, 2018, 06:01:36 PM
First of all Electronic money and  Cryptocurrency like  Bitcoin  is totally different.   While e-money is a mechanism for interacting with government-issued and regulated currencies such as dollars and euros, Bitcoin is a virtual currency that has no fiat currency counterpart.  As of the advantages.. while e-payment enables businesses to save time and money in transaction charges and make more sales, it is vulnerable to electronic fraud. although  some methods have already been developed in the current operation systems to avoid fraud and double spending. Speedy transaction, availability to the consumer, privacy and security are such aspects of electronic currency as far outweigh the possible risks.
4  Economy / Economics / Re: Are electric cars bad for the oil industry? on: January 02, 2018, 05:45:51 PM
Not at all. I think the world will still be dependent on gas regardless.  The electric cars   major challenge is costs. Battery technology is expensive, and because batteries in electric cars need to be able to hold massive amounts of charge to make the cars practical for most drivers, they have to be built using expensive materials, most of which are tough to procure. Because electric cars cost a lot to build.
 This industry (electric cars)  will not grow as much .. probably need another decade or so. for us  to see if it can really effect the oil industry.
5  Economy / Economics / Re: plan for the future with bitcoin on: January 02, 2018, 05:32:02 PM
Yes you can!  Smiley   But  my important advice  is for you to understand how Bitcoin works  first before investing any money.Bitcoin is still new and it can take months to understand the true impact Bitcoin can have on the world. Take some time to understand Bitcoin, how it works, how to secure bitcoins, and about how Bitcoin differs from fiat money.
6  Economy / Economics / Re: What makes Bitcoin to move this fast? on: January 02, 2018, 05:09:49 PM
It's the media folks,   Smiley  Bitcoin shows that positive media coverage is one of the main factors driving the price.
This was most apparent in the early days of Bitcoin, when mainstream press started to report on the new currency and caused a number of short price spikes and collapses. As media coverage increases and other factors are brought in, it is harder to distill the effect of the media alone. Something similar happens when high-profile companies go public, as investors “pile in” and the value rapidly increases from a low base. Think of a company like Twitter, which saw a huge sharemarket “pop” when it went public.
7  Other / Off-topic / Re: What wallets do you use? on: December 29, 2017, 02:05:52 AM
Mycelium.Is a great mobile wallet for Android and iOS users.
8  Bitcoin / Bitcoin Technical Support / Re: Anyway to speed up confirmations? on: December 28, 2017, 10:00:44 PM
Each confirmation takes between a few seconds and 90 minutes, with 10 minutes being the average. If the transaction pays too low a fee or is otherwise atypical, getting the first confirmation can take much longer. Every user is free to determine at what point they consider a transaction sufficiently confirmed, but 6 confirmations is often considered to be as safe as waiting 6 months on a credit card transaction.
9  Bitcoin / Bitcoin Discussion / Re: What are your plans with your Bitcoin? on: December 28, 2017, 09:47:11 PM
 you can spend your bitcoin on much more than pizza, in a wide variety of places, both online and offline. And while there are more comprehensive lists available, we hope this will highlight the diversity of options available.
10  Economy / Economics / Re: Is it possible for the bitcoin to lose it's value ? on: December 28, 2017, 09:38:51 PM
Bitcoin has proven reliable for years since its inception and there is a lot of potential for Bitcoin to continue to grow. However, no one is in a position to predict what the future will be for Bitcoin.
11  Economy / Economics / Re: Spending Bitcoins on: December 28, 2017, 07:36:54 PM
Yes. There are a growing number of businesses and individuals using Bitcoin. This includes brick-and-mortar businesses like restaurants, apartments, and law firms, as well as popular online services such as Namecheap, Overstock.com, and Reddit. While Bitcoin remains a relatively new phenomenon, it is growing fast
12  Economy / Economics / Re: Easiest way to make BTC? on: December 28, 2017, 07:14:24 PM
 Mine your own Bitcoins. The very first way to get your own Bitcoins was through mining.  Smiley
13  Economy / Economics / Re: Can cryptocurrencies make physical money disappear? on: December 28, 2017, 06:42:54 PM
  I think cryptocurrency  can replace  money in the near future due to its great benefits to the users  in the next few years, we are going to see national governments take large steps towards instituting a cashless society where people transact using centralized digital currencies. Simultaneously, the decentralized cryptocurrencies – that some even view as harder money – will see increased use from all sectors.BTC
14  Economy / Economics / Re: What will happen if we use a one currency only? on: December 28, 2017, 06:06:02 PM
Implementing a single currency worldwide would be highly impractical. Indeed, the prevailing theory is that a mixed approach is more desirable. In certain areas, such as Europe, gradually adopting a single currency may lead to considerable advantages. But for other areas, trying to force a single currency would likely do more harm than good.
15  Economy / Economics / Re: Five common mistakes made by Bitcoin users on: December 28, 2017, 05:06:45 PM
Yes! I agree always make sure to backup your entire bitcoin wallet early and often. In case of a computer failure, a history of regular backups may be the only way to recover the currency in the digital wallet. Make sure to backup all the wallet.dat files and then store the backup at multiple secure locations like on a USB, on the hard drive
16  Economy / Economics / Re: Is bitcoin now the strongest currency in the world? on: December 28, 2017, 04:55:09 PM
 Bitcoin is still a relatively small market compared to what it could be, it doesn't take significant amounts of money to move the market price up or down, and thus the price of a bitcoin is still very volatile.
17  Economy / Economics / Re: Do You Think Bitcoin Will Replace Dollar Soon? on: December 28, 2017, 04:45:09 PM
It won't kill the dollar , But that doesn't mean they won't change the world. Many bitcoin enthusiasts believe that the digital currency will create what amounts to a new gold standard. The basic logic is that the number of bitcoins in existence is limited, while the number of dollars is not
18  Economy / Economics / Re: European Union official suggests that Bitcoin will not be regulated on: December 28, 2017, 04:28:48 PM
It should not,even in areas where bitcoin isn’t considered illegal, any regulatory hurdles will inevitably hamper innovation.   The entire cryptocurrency ecosystem, both legal and otherwise, is evolving so quickly that government regulations can’t even keep up, let alone plan. Legislators are now preparing to make rules for circumstances that have no precedent, that can be hard to understand in their current form, and that will likely not exist tomorrow.
 Bitcoin requires a whole new way of thinking, and a much more flexible approach from governments, to allow it to develop legally within the free market and to bestow its benefits on the world’s citizens.
19  Economy / Economics / Re: BTC as a national currency? on: December 28, 2017, 04:00:04 PM
Bitcoin is money.  It can possibly replace currency of a nation indirectly in the near future i guest .. As of now  with all currency, bitcoin's value comes only and directly from people willing to accept them as payment.
20  Economy / Economics / Re: BTC is a roller coaster on: December 28, 2017, 03:11:17 PM
indeed ! Like many things, it comes down to supply and demand.  The price of a bitcoin is determined by supply and demand. When demand for bitcoins increases, the price increases, and when demand falls, the price falls.
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