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1  Economy / Economics / Re: Is it better to save money or invest it? on: October 22, 2015, 02:06:34 AM
Is it better to save money in bank or invest it online, in real estate or maybe gold?

I prefer saving it is safer  compared in investing it.
I have tried investing in stock markets before and I don't think it worked so better save.
2  Economy / Economics / Re: The future of the paper money on: October 22, 2015, 02:04:12 AM
Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:

Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?



It wont be long now that the paper money we use will be a history and we will use a new trend of money or something.
In this time the bitcoins will probably be very popular.
3  Economy / Economics / Re: How to save money. on: October 22, 2015, 01:59:48 AM
This is my first post. Please do respect

My post intention is to help readers to save their money.

Some of the employee are not saving their money. They spend it on things that they dont need. For example gadgets,buying a concert ticket, accesories, etc.Buying things that not they need is also like a wasting money. Because this thing give a happiness  not a good life. Saving money is just like securing your future because your savings can help you in emergencies. These are the way to save money .
If you are empolyee. You must save atleast 20% of your salary. The 20% of your salary divides into two .


The 1st way : cash reserves- medical insurance, retirement, life insurance  and if you not have salary yet. And emergency. But dont spend all of you 10% in this emergency. You must know if the injury is serious o not before you spend the 10%.
The cash reserves must equal of your 6 months salary this will help you and ensure you becauas of you loss your job you have extra money .

The 2nd way : investment, business- you can invest in some company so that you have a extra income. And you can also built a small business that will always have an income like apartment.

Example. My wage is $ 7.5 per hour and i work for 8 hours and i work for 20 days. So thar my salary is $1,160 . The 20% of $1,160 is $232 .
So that my cash reserves is $ 116 i can spend this money in emergencies and medical insurance.
If my 6 month salary is $6,960 i can stop my saving money in cash reserves.
 

Thank you .

To save money is to stop buying unnecessary things and be a wise buyer. That is one way of saving money.
4  Other / Off-topic / Re: Will you quit your day job to go full time on bitcoin? on: October 22, 2015, 01:57:48 AM
Are you inspired by those bitcoin millionaires? Are you thinking of filing a resignation letter on your day job (if you have any) and focus on bitcoin instead?

Me? I do have a day job and I consider bitcoin as my side job. I don't want to lose that another source of income just because bitcoin is awesome.

I dont want to quit my day job because aside from I enjoyed it, it also gives me a enough income and I'm doing bitcoin as a side line.
5  Economy / Economics / Re: What you will do if bitcoin price drops to 50$ and you have lots of bitcoin on: October 22, 2015, 01:56:20 AM
and do you think that will happen in 2015 ?

I will sell all my coins because what good will it do to me anyway and I dont think $50 is a very bad price for it.
6  Economy / Economics / Re: Did Bitcoin Ruin Your Life, Or Help Your Life? on: October 22, 2015, 01:54:12 AM

Bitcoin has become an obsession for many people. Whether its investing, selling, gambling, or making purchases with it, Bitcoin has certainly become this trend that is much larger than it was years ago. Personally, Bitcoin has been a rollercoaster for me. There are times where I am up 9k in profit, only to be scammed by a professional for 6k. In other words, sometimes I am on top of the world thinking Bitcoin is going to make me an insane amount of profit, only to be let down feeling like I am going to lose every single dime I have because I am putting way too much hope in Bitcoin. At this very moment, I am in the process of disbanding my business accounts, and filing a certificate of disclosure. This isn't to say I have lost hope in Bitcoin, I just simply think there are too many faults that still exist with it. Even with a professionally typed paid FinCEN policy reviewed by 3 companies, scammers have still found a way to literally go above and beyond to steal money. I was involved with trading and selling, and its just got to a point where the risks were not worth the reward. I hope many of you have had more success than I! I've tried out some small gambling techniques as well, and of course that was a major failure. BTCJAM was great until multiple users defaulted on their loans. Then I tried one of the most recommended cloud mining services only to find out it was a ponzi scam and lost out on more coin from them. My last resort was to add a bitcoin faucet to my website, but there are just far too many to compete with, and the advertisement costs to draw attention were just to much for it to be worth it. I could have had the opportunity to retrieve about $2,000 from some scammers, but for me to hire a lawyer, travel to another state for a court date, it becomes too expensive and not worth it in some cases where you are scammed.

My best advice for anyone seriously getting involved with Bitcoin is the key word "money management". You might get to a point where your operation with whatever it is could be rolling in some serious money. Don't get greedy! Thats what I did. Never put in more money that your comfortable losing. If you are happy to invest $1,000 knowing it could be gone, then set that limit until you are comfortable risking a little more. For me personally, I was rewarded very fast with Bitcoin in the beginning. Then I started to purchase more, do bigger volumes of trades, and then boom, you wake up one day and your profits and bitcoin is gone from a hacker/scammer. Every person is different, every one also takes different risks and assessments when it comes to Bitcoin. All in all, has bitcoin ruined your life, or has it made your life better?

The coin's goal is to make life better and it has done its purpose for me.
It is good really it helps me a lot and also to the other people.
7  Economy / Speculation / Re: Price rise? on: October 22, 2015, 01:52:39 AM
the price has been rising steadily for some weeks now. These last few days, the rise is has been bigger in relation to past periods. now in the last few hours and after bitcoin price nearing almost $270 we see a huge crash.

There's a lot of explanations for this price behavior... what's yours?


I heard this before price speculations all I can say is the price will rise sooner or later.
Like $10000
8  Economy / Speculation / Re: yay btc goes ~$250 ! on: October 22, 2015, 01:50:09 AM
just as Fluttershy,  "Yay!"
let's see that if china is bumping the bitcoin again.

Just have to investigate some things in the way Chinese people wanted bitcoins.
I'm sure those people loves doing business ever since the world began.
9  Economy / Speculation / Re: Is this the next big run-up in price? on: October 22, 2015, 01:48:29 AM
You didn't see that last run up coming either.  Could this be the start of the new price run-up?  Any guess as to the peak this time? 

Previous peaks: April 2013: $140; Nov 11, 2013 $1200

This could be it the one we have been waiting for, I have observed how the price been rising up these days.
10  Economy / Speculation / Re: How much do you think 1 Bitcoin will be worth in 2020? on: October 21, 2015, 04:17:58 AM
Always thought the $100.000 was total bulshit but can't help hoping it will get there eventually.

Please put down the number you think it will reach not the number you hope it will be  Cool

In that year that is not so far from now think the bitcoin's price will be  worth $150000.
11  Economy / Economics / Re: bitcoin investing on: October 21, 2015, 04:16:59 AM
so, what id like to do is invest bitcoins to a stock or mutual fund account, but am not sure the best way to go about it. any tips/advice?

Investing in bitcoin is worth the risk because it is  popular these days and will get even more popular in the future.
A lot of people will invest in it in the future and it is a very good advantage that you will do it today.
12  Economy / Economics / Re: How too get rich on: October 21, 2015, 04:15:08 AM
Buy or develop your own time machine and go back to 2008 and mine BTC on the computer at your mothers house in the basement

Well all I can say is better make a plan and stick and hold on to that plan and work hard to achieve it.

In that way we will be able to have a hope to get rich in the future.
13  Economy / Economics / Re: The future of the paper money on: October 21, 2015, 04:13:32 AM
Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:

Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?


I think in the future we wont be using paper money anymore in doing transactions or in purchasing something.
We will use some other trend of money.
14  Economy / Economics / Re: Is it better to save money or invest it? on: October 21, 2015, 04:10:44 AM
Is it better to save money in bank or invest it online, in real estate or maybe gold?


Better save the money you have because investing is very risky and you wont know what will happen to the money you invested so better save it.
15  Economy / Economics / Re: Who's using Bit-x exchange? on: October 21, 2015, 04:09:36 AM
Any of you crypto kids using Bit-x exchange for trading or mining?



Haven't yet but I want to use it soon because I heard so many good things about it and I want to try it soon.
16  Economy / Economics / Re: What you will do if bitcoin price drops to 50$ and you have lots of bitcoin on: October 21, 2015, 04:08:17 AM
and do you think that will happen in 2015 ?

I would buy a lot of coins and keep it wait for a reasonable price to come and I will sell my coins away.


17  Economy / Economics / Re: Best way to make a living online? on: October 21, 2015, 04:06:06 AM
I have been interested in the various ways there are of making money on the internet. From the GPT/PTC sites to others like swagbucks.com, I have been earning money online since 2009. At the time, I was still skeptical of making money online at all to begin with yet so Bitcoin was out of the question. Now from what I see the best methods involve bitcoin. Today, finding a job writing or programming or something similar online in exchange for bitcoin seems to be the way to go these days. What do you do to earn extra income online?

To earn extra money online, one way is to  look for employers and work for them.
18  Economy / Economics / Re: Bitcoin or Gold? What would you pick? on: October 21, 2015, 03:59:15 AM
If given a choice to walk away with either Bitcoin or gold of equivalent value, what would you pick?

Asians and Westerners were asked in Taipei in Chinese and English if they would take Bitcoin or gold home with them that day, and the answer might surprise you...

http://www.youtube.com/watch?v=m6GiC8dqN9A

We just shot a video outside the Taipei 101 skyscraper area here and gave people a chance to answer if they would walk away with either Bitcoin or gold- and why.

If you were approached and were offered the same deal, would you walk away with Bitcoin or gold in your pocket, and why???





I would pick bitcoin because it is less pricey compared to gold.
19  Other / Off-topic / Re: Will you quit your day job to go full time on bitcoin? on: October 21, 2015, 03:58:16 AM
Are you inspired by those bitcoin millionaires? Are you thinking of filing a resignation letter on your day job (if you have any) and focus on bitcoin instead?

Me? I do have a day job and I consider bitcoin as my side job. I don't want to lose that another source of income just because bitcoin is awesome.

I wont because I have worked so hard to get that day job although bitcoin is amazing and helped me a lot but I enjoyed my day job so much so I wont quit just to concentrate in bitcoins.
20  Economy / Economics / Re: Is it better to save money or invest it? on: October 20, 2015, 02:45:53 AM
Is it better to save money in bank or invest it online, in real estate or maybe gold?

I think save it investing is risky we don't know what will happen to the money that we invest.
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