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521
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Economy / Economics / Re: Bitcoin can be useful for a troubled economy
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on: May 17, 2019, 07:10:03 AM
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I doubt that the cryptocurrency did not affect the economy in the country where it is being legalized. Because I believe that the cryptocurrency will help but it will be very difficult and not familiar.
Cryptocurrency can play a vital role to change economyof any country. Many countries who accepted/approved cryptocurrency to their people are getting the benefit of the cryptocurrency. Those who has not approved those have not got any bless of crypto. Yeah for me this is true because there are so many countries who are accepting crypto currency because it has given them better economical life and it has given people of the counties more chances of earning with online jobs as in my country now unemployment has become reduced with help of crypto currency so the same way it has good economical effect on our country. It is not such a kind of economic relief, a troubled economy is something that a country experience out of inflation and other forms of corruption, lack of development, lack of proper governance and various other factors. What the earning people get out of cryptocurrency is very low when we talk about the economy of a country. There is possible solution with get rid of economic problems in a country with cryptocurrency adoption, but the same can't be achieved instantly. if only a portion of the community earns income from crypto, indeed this does not help for economic recovery. but if the government is making changes, like Venezuela, by legalizing and even changing currencies with crypto, maybe things will be different. |
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522
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Economy / Economics / Re: ‘Crypto not meant for humans’ says Anthony Pompliano
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on: May 17, 2019, 06:57:17 AM
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Its hard to understand because people doesnt want it to understand. Their being close minded is somehow pissing the cryptocommunity and their spreading fake news is helpless. Look at those people who are already converted. How happy they are they have more financial stability than others. whatever the reason, which felt clear in me, with the presence of crypto made the economic life better than before. but that is only a small example, and at the moment many companies are receiving crypto payments |
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524
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Economy / Economics / Re: why bitcoin price fall down?
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on: May 16, 2019, 02:40:41 AM
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what do you think about it? my prediction is bitcoin price will be back to $1000/btc in next 5 months or less. since oil price was fall down now and trade war between US and china. give your opinion pls
I always thing my prediction will not been going to success at the end this time only it will reach essay good value so I think prediction is always important for the future but now I am happy to see the changes in between market and I waiting to gain my profit at the end of this year. with predictions we can see the possibilities that occur in the future. although we are wrong, we can learn about it so that it will sharpen our predictions. big hope for this year that bitcoin can increase to the maximum, so it takes strength to hold it |
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525
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Economy / Economics / Re: Regulation of Cryptocurrency Around the World
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on: May 16, 2019, 02:36:48 AM
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It's a good idea to establish some rules and regulations to control the activities in the crypto community. This would improve the confidence that other investors would have in the crypto market. Hopefully this would also help reduce all the fraud and scam project in the crypto community.
And.. this is not something that could be done by anyone in crypto community. It depends on the country itself to apply some rules regarding cryptocurrency so every country will be different each others. I think if all the countries in the world had the same rules to legalize the existence of cryptocurrency, it would make a good situation for crypto It is very regrettable if in a country the crypto community is very large but the government in that country prohibits it even if the government can take part like other countries that have legalized tax collection, it will be able to make the country's economy slightly increase for all countries legalizing cryptocurrency, I think it still takes a long time. especially for underdeveloped countries that have many limitations. but for countries that have been able to legalize it, of course the tax sector can help develop the country |
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527
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Economy / Economics / Re: Who are benefited with cryptocurrency?
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on: May 15, 2019, 04:56:17 AM
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Those who benefit from cryptocurrency are the ones who understand its principles of operation and are able to harness its investment opportunities. Now, the market has shown remarkable improvement in prices of most of the valuable coins and this is a good news for all the early investors who were able to foresee the future and bought when the prices were low.
Absolutely, people who peruse the fundamentals of crypto world and accept its consequences will be the one who are prior to endure on gaining wealth accummulately. Also the adoptation and taking advantage to this asset is an appropriable way to earn immensely profitable as the current market phase had broke the long bearishness. And I am looking forward on visioning an accurate conclusion will exceed. to do that, good psychology is needed. then people with stable psychology can enjoy the benefits of cryptocurrency. and of course by diversifying into several investments it will make better enjoyment |
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528
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Economy / Economics / Re: KYC for penny money?
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on: May 15, 2019, 04:52:34 AM
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I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.
Whats your thoughts about this?
I don't really support this kind of this procedure just to get the reward you did for the task needed. If you are an airdrop participants who are willing to do thi then you must be very desperate. Maybe that value is bigger locally but these participants never truly care if it will lead to utilizing their docs for crimes and the worst part is that those free or airdropped tokens has no value at all. I agree, to get a prize, of course don't give up your identity, for any reason. many ico asked for it, even though they gave gifts as if they were inappropriate, so I personally avoided the presence of kyc |
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530
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Economy / Economics / Re: Will people come back to gold
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on: May 14, 2019, 03:35:27 AM
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Modern people enjoy gold only as jewelry or luxury objects. For me gold is similar with crypto but in the stone age. People will continue to use values in a safe and comfortable way so they will not be reorientated to gold or other expensive metals.
Gold is also a good form of investment and so the more you have earned gold,the more profits you get.But i don't think it will beat crypto investment because it's very clear to everyone here that there is huge profit in crypto rather than investing gold.But somehow it will make a good investment if you will have them both. the community is actually still loyal to gold. more people are entrusting their investment in gold than cryptocurrency for now. and I think the future will be the same. because crypto is optional while gold is certain |
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531
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Economy / Economics / Re: What's it like to live on crypto instead of Banks?
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on: May 14, 2019, 03:31:47 AM
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I would never want to live in a world where it will be based entirely on banks or entirely on cryptocurrencies , what I believe is banks are as important as cryptocurrencies and vice versa both can actually support each other and inturn increase the market value of the whole cryptocurrency world.
I really this we need both stability and a scope of attaining profit fast , both of them are dependent on each other.
I don't want to change the current attributes , the current situation banks and cryptocurrencies can go hand in hand .
Why need change if both can be facilitated and works alongside each others to support and help the needs of the society, if this things happened it's much better for both communities, we do have options and we can use whatever system we love to be use. Right.Crypto is not invented to compete with fiat currency but rather it will be a reserve currency for those people who loves to use bitcoin rather than keeping their money in the banks.With bitcoin,people will be trained to be more responsible in managing their own funds to make it safe and secured all the time. I think the presence of cryptocurrency introduces to the public about technological advances in the field of currency. and evolution is common. but of course community and government assessments are the key to its development |
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533
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Economy / Economics / Re: Will governments create their own cryptocurrency that will replace fiat?
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on: May 13, 2019, 04:01:40 AM
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In the next 100 years, do you think Governments will create their own cryptocurrency or digital currency that will replace fiat currency, i.e. coins, paper money, the paper dollar, etc.?
If it does happen, will it be like bitcoin or will it still represent gold like how today's money works?
all possibilities can occur without being able to ensure the development of good or bad developments no one can know but I am sure the development of the crypto currency will be needed in the times and economies of course although this possibility can occur, logically it will not happen immediately. the government still needs cash, especially for developing countries, of course besides human resources, supporting facilities are also a problem |
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534
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Economy / Economics / Re: Banks against the crypto
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on: May 13, 2019, 03:57:56 AM
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Banks are against crypto because they see crypto as a major disruptive agent to their existence. Banks are centralized and intends to gain total control and power over the financial transactions of the people whereas crypto do the contrary by given back the power to the people to own control over their own transactions.
If crypto payments were adopted all over the world then the service from the banks will no longer needed so they are not going to support the cryptos existence and also governments won't like it because banks are the one making economy of a government if there are no banks then that country might suffer for the funds. Crypto currency as payment is being use since long it is acceptable people are now investing more crypto currency more than banks because keeping your money in banks are just useless because the more you keep it just get rusted, but investing in crypto currency gives profit and with this your money increases, it makes profit and makes our life better with facilities. especially by using a cryptocurrency wallet, we feel we don't need a bank, because we have our own asset storage, but what is clear to me is that the government still does not agree with the decentralization system, and as if the bank is being cornered |
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536
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Economy / Economics / Re: Bitcoin is heading back to $6k
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on: May 12, 2019, 09:16:16 AM
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If you check the charts, then the pattern is very clear. There is hardly any resistance for the bull rally. When the current bull run started almost one and a half months back, it was a slow and mild movement. But the demand seems to have picked up now, and we can expect 10K within a few months (or even a few weeks). Once the 10K mark is attained, we can also expect mild levels of profit booking, as those who had purchased the coins at 3K will be looking to book returns.
I think breaking the $6000 figure is an achievement, and increasing investors' confidence to return to Bitcoin. I think even though they are looking for returns, but if trust is higher, I don't think it will interfere with Bitcoin's journey upwards |
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537
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Economy / Economics / Re: Investing in Bitcoin in 2019?
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on: May 12, 2019, 09:12:38 AM
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In this time when seeing the current market situation of Bitcoin is totally developing so it can be a good sign up improvement because the bear market ends and the full market continuous show the development keep continuing everyday with a huge amount of increment that's why this year will be more useful and important for everyone to get their success with profit.
Bitcoin best investment time was at the start of this year when bitcoin prices were near 4000$. Currently i will not recommend anyone to invest in bitcoin as it has crossed 7000% already. For the new investors , they should wait for the correction. I think bitcoin will retest 5800$ and that will be another good opportunity to buy. They should've bought at $3000 in the past. They missed the time, the best time to buy Bitcoin and I think it will take a little while before the correction hits. If they just believed some of the people or investor that are saying that it will be having a good price. As far as I know some are still buying right now but I think that is a bit risky. Yes youre right , they should invested on bitcoin when the price is 3000$, but you cant blame them cause they still have trauma when bitcoin price collapse ,from 20,000$ down to 3000$ is not a joke. There is still time to invest in bitcoin price might get highet in the coming days indeed for most people it will be difficult to invest if it ever loses because it enters the market at a price of $ 20,000, but for those who are experienced, they will invest gradually to get the lowest price, so that they will maximize profits |
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540
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Economy / Economics / Re: become rich by bitcoin.
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on: May 11, 2019, 04:19:29 AM
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Bitcoin may do you rich,1 btc now cost more 6000$.I was know first about bitcoin in 2013 from pool 50btc.
Yes that's true, Bitcoin is able to make you rich at the moment, because the price of Bitcoin is increasing year by year, so if you hold a lot of Bitcoin, of course you are rich.  not even just now but so on if you want. the increase in bitcoin is difficult if from year to year and surely bitcoin will experience ups and downs without us knowing because of the pros and cons that occur. we can remember it in 2017, in fact the price was high and now it has dropped dramatically. I think those who can get rich are those who can take advantage of the moment. indeed the price of bitcoin experiences ups and downs every year, but for those who can take advantage of these waves, who benefit from every situation |
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