Bitcoin Forum
July 03, 2024, 10:49:51 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 3 4 »
1  Economy / Economics / Re: Who controls the market? on: March 16, 2019, 04:51:51 AM
Remember, this whole thing about crypto is largely decentralized, thus, there is no single authoritative body in control of the crypto market. Although there are few centralized platforms among crypto, the market is largely influenced by the efforts and influence of the users of crypto. How well sellers and buyers treat the coins on the market affect the performance of the market.

I think that is true. it depends on how we apply the market.
2  Bitcoin / Bitcoin Discussion / Re: Japan just gave its cryptocurrency industry legal power to police itself on: October 28, 2018, 10:45:52 PM
The cryptocurrency scene is evolving too quickly for policymakers to keep up - well that’s the rationale behind a move by Japan to officially let thee industry create and enforce its own rules. If the approach works, it is likely that other not-do-forward-in-the-crypto-world nations will also test it. Apparently "Japan’s Financial Services Agency has granted the Japan Virtual Currency Exchange Association, a self-regulatory organization made up of representatives from cryptocurrency exchanges, authority to create rules aimed at protecting consumers, preventing money laundering, and standardizing how exchanges should operate. The agency also gets the power to sanction exchanges for breaking those rules, reports Reuters." Opinions on this? Will it be successful or fail miserably, or something in between? Will others follow soon?

I found information regarding this in a Technology Review article : https://www.technologyreview.com/the-download/612347/japan-just-gave-its-cryptocurrency-industry-legal-power-to-police-itself/
I strongly agree that the Japanese government coordinates crytocurrency. By legalizing cryptocurrency, Japan can prevent bad things related to corruption, collusion, nepotism that transact through cryptocurrency. But Japan can also capture positive things related to legal cryptocurrency, namely improving the welfare of the general public. Because for those who invest in cryptocurrency, they are given full protection and security.
3  Economy / Economics / Re: Starting With Nothing in Bitcoin on: October 20, 2018, 11:11:11 AM
To some,100-unit of bitcoin sounds like a big investment. To some,its a small investment.4 years ago, buying 100-unit of bitcoin was a small thing,but today is a huge investment and it's going to be higher in years to come. Below are some arguments on how one can start with nothing especially in cryto or digital currency system.

#1:Being born poor and financially uneducated does not mean you cannot become rich.very few people are born rich enough to buy 100-unit of bitcoin today. And no one is born smart enough to acquire, finance and manage 100-unit bitcoin by themselves.  In other words, not having any money or financial education isn't an excuse not to get started. Yet billions of people let the problem of not having money or enough education stop them from becoming rich. They fail to make the first step. And if they do take the first step and then fail, make a mistake, lose money, or run into problems,  many quit. That is why for billions of people, a 100-unit of bitcoin will always seem like a big investment or project bigger than their dreams.
 
#2: Start small and take baby steps : last year, my first investment in bitcoin was a $100.i was extremely nervous when took the first step.the investment grew up to $300-400 in a month, which I eventually lost all. But I didn't quit. After the lost, my eye opened to the entire blockchain system.i then realized that Bitcoin was not the only cryptocurrency in existence.i started with nothing as a bounty hunter and developed my I.Q on digital currency. Today I am a proud owner of some reasonable crypto. I strongly believe in the power of mind. Our  Minds are our most important form of leverage.

#3: Dream Big: Most of us know that a child must be allowed to dream. Thesame is true for adults. Our dreams keeps us rich, young, and fun. Investment and projects keeps us learning and growing instead of living below our means, we dream big, learn, and invest carefully in order to go beyond our means.
   In conclusion, Today even in the richest country in the world, millions of educated, hardworking people are earning less even if they are paid more.
To make matters worse, because of a market crash, millions of educated, hardworking people think that investing is risky and to attain higher returns means you have to take on greater risks. There are only a few people who know that the key to leverage is Control, and the key to control is financial intelligence.
 The good news is that the higher your financial intelligence, the more money you make without needing money. In this new capitalism, it is truly possible to make money for nothing.
in my opinion, if you want to succeed in any investment, we must be willing to take risks. because if we just play it safe, we cannot develop and cannot know our weaknesses.
4  Economy / Economics / Re: How to manage the risk in investing cryptocurrency? on: October 13, 2018, 10:27:10 PM
The risk in the virtual currency market is the risk of losing some or all of its capital when the investor performs the investment or virtual currency transaction. Identify the risks before conducting a transaction, helping them to know the specific loss rate in each case of investment will be how to, minimum and maximum how to decide the scale of investment, the first time investment, time of investment completion, and other relevant factors.


I don't think just investing in cryptocurrency is at risk like that. Other stock investment investments have the same risk as you mentioned. one thing there is to know is to use 25% of the money you have to invest so that when there is an accident, you don't lose too much.
5  Bitcoin / Bitcoin Discussion / Re: What will happen with Bitcoin if it never scales? on: October 10, 2018, 04:05:52 AM
What do you think that might happen with Bitcoin if no scalable solution becomes accepted?

Will it remain as a store of value, while other altcoins take the lead for everyday transactions? Or will another cryptocurrency take its place as the top in marketcap?

I would like to know your thoughts about this, as the ongoing scaling debate will further limit Bitcoin from reaching new heights. As for me, I believe that the Bitcoin community would come up at a resolution somehow to put an end to this issue, and make the pioneer cryptocurrency great again. What do you think?  Smiley

I think if there is no solution, bitcoin is only a value in the digital world, not the real world. then there must be a solution that is made so that barriers to existing barriers can be used as opportunities.
6  Bitcoin / Bitcoin Discussion / Re: Is it possible to have bitcoin shortage? on: October 07, 2018, 02:38:42 PM
I do not think that bitcoin will be enough if the whole people around the world will going to buy bitcoins. There will be too much shortage on bitcoin supply and this will lead also to have an expensive market price for bitcoin. As we all know that there are billions of people around the world and bitcoin supply is only limited. So meaning to say in the near future there will be a shortage for bitcoin supply and thus will lead to create another dominant coin like having ether as one of the possibilities that it will be the next to bitcoin. As of this moment i am seeing this already closely to happen. What do you think?

I can't say that the existing bitcoin cannot fulfill the huge market's desire to have bitcoin. It's just that the creators of the bitcoin currency want to maintain or stabilize the value of bitcoin itself. so that it produces limited bitcoin currencies. if it's too easy to get bitcoin, then the value of bitcoin itself will fall free.
7  Economy / Economics / Re: What are your plans for the next 5 years in Finance? on: October 07, 2018, 11:06:36 AM
I want to have "Passive Income"
I will raise capital to build a business that can provide me with passive income, so in my old age I do not need to work to earn money, how about you?
do you have an idea to build a business that can provide passive income with minimal capital?

yes i also want to have passive income in old age. So I will start a business with reasonable capital not to a minimum. Why? because the amount of capital depends on what investment or business we will build.
8  Bitcoin / Bitcoin Discussion / Re: LIKE IT OR NOT, BITCOIN IS AN INVESTMENT on: October 05, 2018, 10:13:31 PM
                              In an economic sense,
 An INVESTMENT is the purchase of goods that are not consumed today but are used in the future to create wealth.
                                        In finance
An INVESTMENT is a monetary asset purchased with the idea that the asset will provide income in the future or will later be sold at a higher price for a profit.

I really don't want to turn these into an economics class but the both definition of what investments are clearly should settle the argument of whether BTC is truly an investment or not.


I think BTC is like a currency in general, where someone can make bitcoin an investment or not. In my opinion, it is only truly immovable physical property that has investment properties such as land, houses, etc. So in my opinion, bitcoin depends on the wearer just wants to use it as an investment or not.
9  Bitcoin / Bitcoin Discussion / Re: Will bitcoin in Southeast Asia be legal? on: October 03, 2018, 09:28:32 AM
Because to my knowledge there are several countries in southeast asia that have not legalized bitcoin. And what is our endeavor for bitcoin in southeast asia to be legal like any other country (which has legalized bitcoin).
Will the impact be positive or negative?

I think if bitcoin is legalized in Southeast Asia it can improve the level of welfare of the country. Why? because the value of bitcoin that is higher than the dollar can help countries in Southeast Asia whose currencies are below the dollar.
10  Bitcoin / Bitcoin Discussion / Re: What to make bitcoin a popular payment method? on: September 25, 2018, 02:50:58 PM

For something that can become a popular means of payment, you need the following:
Store of value: allowing individuals to make intemporal choices on when to spend their purchasing power
Medium of exchange: facilitating the exchange of goods and services by eliminating the inefficiencies associated with a barter economy
Unit of account: acting as a measure of value in the economic system.
Do you think the bitcoin has all three of these elements? I am looking forward to the bitcoin will become a popular payment method in the future.

I think bitcoin has fulfilled all three prerequisites. But regulation alone makes bitcoin unable to become a common payment instrument.
11  Economy / Economics / Re: If the government supports bitcoin instead of the existing currency. on: September 21, 2018, 11:25:20 AM
Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?

the government is afraid of bitcoin because of the fact that there is no physical presence of bitcoin. and he did not know the origin of the existence of bitcoin. so the government is too scared to use bitcoin. whereas on the one hand bitcoin has many advantages and advantages that can help the government.
12  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Altcoins that might survive in the future? on: September 20, 2018, 06:39:08 AM
Based on what it has been seen among the wide array of altcoins such as development, innovation, and security issues, what altcoins might survive in the future?

In my opinion, I think that the only ones prone to survive would be good old altcoins such as Litecoin and Dogecoin, but I may be wrong.

Nevertheless, I would like to know your opinion about this as well as any altcoin that might be worth holding onto for the long term.  Grin

I don't understand various kinds of altcoins, but what is certain is that altcoins are widely accepted by the public.
13  Economy / Economics / Re: Which cryptocurrency should I invest in, in 2018? Why? on: September 20, 2018, 02:06:34 AM
I’m going to be accumulating the majority of the coins below over the course of 2018 Q1—I’m a big believer in a diversified portfolio.

Especially in crypto.

I split coins into 3 tiers. Coins in tiers 1 & 2 I will be continuously adding to my holdings throughout Q1.

I based these tiers on my investment strategy, I highly suggest creating a strategy before investing in anything.

You need to have a goal that you’re working towards, and a framework for how you want to reach that goal.

My goal is to increase my holdings of Tier 1 & 2 coins, by trading coins from tier 3 on a short-medium time frame (2–6 months).

I also margin trade Tier 1 & 2 coins and use profits to increase my overall $BTC position.

Don’t margin trade.

It’s bad.

Not margin trading is rule #8 in my “10 Crypto Commandments”.

Some of these coins I don’t believe in as long term investments.

Most of the time, the criteria I use to pick coins starts fundamentally with the team, roadmap, and community.

Once I’ve deemed a coin as “Fundamentally Strong”, I then go into the charts and apply Technical Analysis to determine if I can get a solid entry point.

Sometimes, I’ll see a coin I don’t think will last in the long run, but the chart is just too pretty to say no. I will denote these coins with an [X] by their name.

Cliche Disclaimer: none of this is financial advice, don’t even listen to me, I’m a random person on the internet — I could be full of sh*t and you wouldn’t know it.

Do your own research and only ever invest what you can afford to lose.

Tier 1

Bitcoin ($BTC)

I always hold at least a little BTC. Bitcoin is the market leader, and until that changes, I will always hedge against my Altcoin investments with Bitcoin. I typically have any where from 10–30% of my portfolio in Bitcoin depending on Bitcoin dominance at that time.

Bitcoin dominance refers to the percentage of the total cryptocurrency market share which is held by Bitcoin. You can check the live stat here.

The link also shows the market dominance of the other major coins on the market- spend some time getting to know the chart and notice how coins market caps correlate negatively or positively with each other.

Understanding the market cycles of crypto is pivotal to successful investing.

Tier 2

Neo ($NEO) & Ethereum ($ETH)


Image courtesy of CoinSutra

ETH and NEO are competitors. They solve the same problems, are both serious coins with large market caps, and I hold both as long term investments.

I’m not hedging against my bets by investing in competitors. It’s feasible to me that these two entities could co-exist in the future in a fashion similar to how Apple and Samsung coexist.

I think bitcoin is still a profitable investment this year. But if you want to invest in other coins it doesn't matter because there are several coins that are starting to crawl high this year.
14  Bitcoin / Bitcoin Discussion / Re: bitcoin is the vehicle, we run it on: September 19, 2018, 10:08:23 PM
A lot of posts are about bitcoin (eg bitcoin for illegal transactions ... bitcoins change lives ... bitcoin destroys the world ... bitcoin poison and so on) but basically it's all humans that move .. bitcoin is the tool. Good bad how the tool is how the man who runs. is it worth blaming bitcoin. What is your opinion?

in my opinion bitcoin is a long and short term investment. can not be separated from the advantages and disadvantages of bitcoin. But I take the advantage.
15  Economy / Economics / Re: People are not motivated by money. on: September 18, 2018, 10:34:17 PM
I always hear the argument for capitalism "B bb BUT people won't innovate without the profit motive" WRONG

Humans want to solve problems, create, and innovate, they do not need money to motivate them.  Cavemen were painting art 20,000 years ago without the desire of money.

True scientists like Tesla, he didn't care about money it was about the pursuit of science.

Capitalism does not cause innovation, most new technology is found by government programs like nasa (internet, smartphones, etc)

Maybe what you say is true and has reason for sufficient reason. But in my opinion even though humans are not motivated by money, humans still need money to continue their lives. It is true that he is devoted to science, but does he not need clothes? food? drink? etc. so in my opinion money is the basic thing that humans must have.
16  Bitcoin / Bitcoin Discussion / Re: ~BTC in Medical Industry on: September 18, 2018, 04:25:17 PM
Is it possible someday that Medical Hospitals accept BTC as a payment for Hospital bills and other fees??

I think it might be possible if the government had considered the legal access to bitcoin. so that its existence can be used in various transactions.
17  Economy / Economics / Re: WHEN WILL PEOPLE LEARN? on: September 18, 2018, 01:52:28 PM
So saw many self airdrops of ERC20 tokens and wave platforms in social media. They would promise their investors a cheap token price purchase, and in turn promise a good listing price at the exchange. 98% of these self airdrop never make it to exchange, and the few that get listed in a decentralized exchange get pumped for 2hrs and there after dumped forever. Why do you think people still patronize these scamming project and not study good ICOs and buy? 

I don't understand the material presented. but it would be nice for you to share the knowledge you have with us.
18  Bitcoin / Bitcoin Discussion / Re: BITCOIN = FUTURE on: September 18, 2018, 11:43:20 AM
Who is that person who would not invest in his or her future? what awaits such kind of person, i asked about 50 friends and their answer was POVERTY, some says DISASTER.

It is normal for people to be scared as they are not sure of what the future holds, they panic, they fear as no one knows tomorrow, we are uncertain of what would become of us in the next 10 minutes.

The only way we could atleast be sure of a better future is by investing greatly into the future, we invest our resources, our strength, we go against our parents sometimes to pursue what we think is better for us that would be beneficial to our Tomorrow.

                                                          BITCOIN = FUTURE

I believe so much in Bitcoin that i staked all of my resources, i had to even talk to my wife to allow us sell our house so we could invest in our future and that of our children and i must tell you that it is really paying off, we bought 5BTC this year when it was dip around 5000 dollars, and i believe you all know what the price of BTC IS TODAY... This is my first post on this platform, i'd decided to do this so as to have a platform to refer doubters and people with no foresight to when BTC hits 100 thousand dollars before middle of next year 2019

if bitcoin is the best investment in your opinion compared to other altcoins, then there must be serious management of your investment. don't let you upset your wife and child. And it's fine if you say bitcoin is the future. but in my opinion bitcoin is a future that is accelerated its arrival.
19  Bitcoin / Bitcoin Discussion / Re: High risk results to high rewards on: September 18, 2018, 10:04:02 AM
https://www.livebitcoinnews.com/4-in-10-americans-will-never-invest-in-bitcoin-says-latest-crypto-study/

I've known some few friends who are into forex and stock investments. When they've learned that I engage myself into crypto trading and investments they discouraged me due to bitcoin's price volatility and unpredictable fluctuations. All I can say to them is that I only invest an amount that I can surely afford to lose and taking huge risks will definitely compensate you good returns as well. I bumped into this article saying that 4 in 10 Americans will never invest in bitcoin, which is somewhat realistic but still history can really tell that bitcoin has changed lots of millennials who took the risk and profited when bitcoin value skyrocketed to almost $20k last year.

So with this article it shows that there is still high percentage of Americans that is willing to take risks to invest in bitcoin just to make some good profit in the near future. What are your thoughts regarding this one? Share me your thoughts.

there's nothing wrong if you try to invest with bitcoin. all forms of investment must have positive and negative sides. depending on each person's point of view. if that is your decision, then do your best with confidence. so you can make the most out.
20  Bitcoin / Bitcoin Discussion / Re: Does bitcoin control the market? on: September 18, 2018, 04:22:30 AM
Most people believe that the price of altcoins' is determined by the price of bitcoin and that they tend to follow it's market movements.

I partially disagree with this. I have studied prices of coins and tokens on CMC and the fluctuations of each currency seems to be unique and independent of any other digital currency. Some show strong pumps when BTC goes down and some heavy dumps when BTC is rising.

Undoubtedly, there are market forces and factors which affects most currencies, this is not influenced by bitcoins price, it rather controls bitcoins' price as well as others.
So when trading or investing, make sure you treat each currency differently as they have different utilities.

I think the various types of cryptocurrency currently available are the same as various currencies currently in circulation. various kinds and different values. it could be that people think bitcoin affects the market, like the USD which is very influential on this world. so how does someone's point of view look at that.
Pages: [1] 2 3 4 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!