With cryptocurrency, you have to be careful with any fraud and theft. and usually many people who are caught in the losses in the world of crypto is:
1. Not Backup Key
2. Electricity Billing Mining More
3. Lunes In Phishing Sites
4. Buy Coin With Rumors
5. Create a weak password
6. Steal With Stealth ICO
With cryptocurrency, no bank or other institution or regulation will protect you in the event of a loss.
In addition to that things I can say that bad habits, procrastination, and trusting clickbaiting articles which will lead you to perform ppor decision making . I guess being knowledgeable is a very essential thing for you to prevent hackings and ant anomalies with regards to Bitcoin which may affect you as a person and as a worker since it's not that easy to invest time here just to become scammed. |
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Today as we modernize some of the aspects in the economy like in the production wherein pneumatic machinery are being introduce. Thus, innovation has already prove its efficiency in the production which lowered the production cost. In the areas of transportation, there are cars also being introduced that run by a battery and efficient also and economy in terms of expenses maintenance compared to gasoline powered cars. Other than that there are already other inventions that promote the comfort of living in life. Thus, digital currency is another innovations. Could you consider bitcoin as the new innovations for fiat money? The answer will be used in my research term paper for the adaptation of unified digital currency that could be used by the people around the world.
I will not disagree with this duw to the fact that Bitcoin is very well known nowadays and it happens to be because it was a very helpful one and very influential especially for the mass people, and it actually because of the fact that it help us to have profit for ourselves and for our families more than what government can provide us through making innovative jobs, with high salary to offer,and people start to recognized Bitcoin because it was very convenient and accessible |
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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?
Well, like what I am doing today, I keep on working since when we work and we ought to think less that's the time that we are gaining so much probability and chances that we can have a better amount of profit and it will happen sooner when the Bitcoin increase in price and the correction year will be okay already, we should always be positive though at some point it doesn't seems to be worth it to do. |
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A friend of mine started to save money in BTC for his son.
Now he is in worry about the idea because of this last dropping months.
I told him to re-load some BTC up to lower the average.
If you have any suggestions about this please share
Its BTC a good way to save money for our kids?
Will this pay them a car? the university? a house? nothing at all?
It depends on the way you make money here, if you think you have enough to invest for your money to keep goinh then let it, but making a business even a bit will help you to renew what you have for it to double the assets that you have but it will be needing so much effort for you to become successful regarding what business what you have or planning to do. |
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What do you think will happen with the cryptocurrency in the future?
I expect that there will be a more extensive innovation with regards to the usage of cryptocurrency together with the continuous improvisation of the modern technology which will make it more accessible for all the types of people in any parts of the world. I also think that in the very near future, cryptocurrency will be pushing up its way to the top putting all types of transactions as well as investments into a more innovative one compared to the traditional one or to the ones we have right now. I also think that cryptocurrency will be more popular in the future because currently people are now recognizing its worth and presence to be used up in different ways the prefer. |
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The final cause and also the most obvious cause but Bitcoin price dropped the most, this is the psychological sell off from investors. Young trader and inexperienced trader easily fall into panic when the market shows signs of decline, followed by a wave of selling off and the situation becomes worse.
Indeed that is also what I am seeing and currently observing that upon reading in the entire forum, I see newbies are getting into panic of the assets they are currently holding together with those who have jnvested when the price of Bitcoin spikes really high last December 2017. If this will not stop and just continuously happening over and over again, we might be expecting more downfall but it will not totally clarify that the era of Bitcoin will soon to end. It is just that panic among people makes them paranoid of selling at a much lower price to attract buyers to buy their assets on sale. |
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we know if a country experiences a natural disaster, the economy will be temporarily paralyzed. because of the many damaged road access and also damaged buildings which caused the economic collapse and of course that made the country's economy go down. my question is, does it have a big effect on crypto state? we know that there is no need for a way to go, and a wide place for incapacity. but when a disaster occurs, it is likely that the signal will be lost and difficult to access. and if the recovery process takes place long after the disaster, how is the condition of Kripro that might occur?
I will be very happy with your opinion
Well, I certainly get your point and the concern was just appropriate for that matter concerning the future state of crypto market when such matter come over time. I also think it will have a great effect because investors might be pulling out their invested money for a real purpose of purchasing survival stuffs since on that scenario, all or almost all the establishments that cater cashless transaction might be all down so a demand for physical money will be an appropriate thing to have and that was what I am thinking a wise man will do to practically survive. |
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I thought about the unpredictability of bitcoin and its current status and it made me realized that this might drive people away from getting into cryptocurrency. What do you think are the other reasons that will keep people from using bitcoin?
For me I think that's will and faith. If a person is really into this cryptocurrency no matter what how the market goes, if you have the determination to keep going you will always will and through the power of will gou always be motivated to do your task up to the goal you are trying to get into and I guess that is the type of person that this community is worth having to. |
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When will people spend BTC as easily as fiat , not seeing it as an investment opportunity but a better currency for them to use ? Most of my friends that I have currently told about Bitcoin are most intrigued by its rapid rate of growth and not its outstanding features as a currency. They don't really care that it is free from government control , but are more focused on the fact that it has risen xy% I don't really spend much of my Bitcoin , because I am always in fear. I am not talking about cashing out , but for digital goods. How do you spend 10 mBTC on a 5$ digital good when you believe that the same 10mBTC is worth atleast 15$ , probably more. How much of your Bitcoin have you hoarded , and how much have you really spent ?
I am under the impression that people tend to hoard more with BTC than with fiat , considering it an investment more than a currency I don't know how to make a poll here , so :- http://strawpoll.me/1793917This is not referring to your blockchain.info statistic , which includes money you have moved around. I am looking at money you have truly spent vs total amount of BTC you have received. Overall , I'm trying to look at how much my guess is true by the poll and your estimates of when majority of people will start looking at BTC as a currency. EDIT : I'm not sure this is the right section , tell me if this should go in General Discussion or so. Probably if everyone in everyday in everyday is starting to use this cryptocurrency and we can say that if having crypto living with your life may be required to afford good, or maybe it will be implemented to be used for your daily life, but as we can see this days the opposition of more and more countries with regards to anonymity and some other instances which may be questionable and a threat for a country's security may be one of the reasok why they will ban Bitcoin. |
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Is there a role for Bitcoin in international trade? Have you heard of a trade between two countries?
And will it be in the future?
Probably, since Bitcoin is obviously better than any exchange these days and it affects world trade in terms of what do consumer prefer the most and the other entities who may not seem to be engaged in Bitcoin might have problem regarding to whom they may exchange transaction if most of the people in the market prefer doing tradings with the medium of Bitcoin so definitely Bitcoin affects world trading. |
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I don't think that everyone needs to read about it ..
Because
etherum
Bitcoins
Litecoin
Bitcoins cash
Are the ones really making the news...
Everyone's own thinking May differ but it's for an individual to decide what to invest it
I think the best cryptocurrency to invest is In Bitcoin, cause it is the mother of all the cryptocurrency that has ever existed in this modern age, And I think it will be helpful for every coin if most of the people invest on Bitcoin, the more people invests here in Bitcoin the higher the chances that Bitcoin will be spread all over thr country and be accepted as way or medium of transactions which we all know is a very essential thing to exists for everyone. |
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Does anyone here use prediction markets? Or have experience building one? Augur has gone down hill, so I set one up myself: NINJALink: https://ninja.org/I think no one can exactly foresee what will literally happen on such price in the virtual market for the facr that changes happen in a constant situation and no one can totally predict this big movements because predictions and guessing only have that small probability to be right for an instance because in a total of 100% you can have at least 1% chance of hitting it since there are many chances that price will not stick on the standard one because it can go deeper or go higher any way around. |
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Bitcoin is indeed risky. But bank investments are risky too. In our country (coz I'm not sure if this exist in other countries). When you have a large amount on your account they will call you and ask you if you want to invest, minimum of 20,000 Php (or 400 USD). They will propose some investment plans where there is a choice of low, medium, or high risk investment. When you choose the high risk there is a chance to lose or gain 100% of your investment (Medium is 75% and low is 50% if I remember it right). It doesn't make sense to me, it sounds like a scam, they will invest using your money and you don't have any control to it. That is why I like bitcoin more, coz Though it is risky and it's very volatile, you have full control on your investment.
What do you guys think?
Actually both investment are risky because whenever you are entering an investment partnership, you should have already know that there are certain risks you can acquire that is associated on investment proper. But for me, I will consider Bitcoin investment as more risky compared to bank investments because it is on virtual phase which is hard to detect once investment failed and it cannot be gained again once it was scammed or lost for the responsible reason of other people that was anonymous from you. |
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I am wondering how many of you are selling your bitcoins to buy something solid like real estate as backup investment? spread the eggs!
Actually that was one of my plans for my Bitcoin that is why I am working too hard to gain and earn Bitcoin from different types of work that includes gaining crypto as an exchange for the good work that I have done. I am trying too hard to buy a real estate because as for now the value is slowly increasing so in the near future if I will continue to invest into real estates, I can do have a real large number of income due to the fact that real estate properties do cost that much due to its desirable value. |
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Dear Panic Sellers, If the news about Google Ads and Facebook, as well as bubble-bursting warnings from "respectable" institutions such as universities, economists, banks, opinion makers, investors and governments have convinced you to sell your coins, If you let yourself be influenced by the messages and actions from these corporations and governments, You have not understood a single thing about Satoshi's libertarian dream of decentralization and liberty and cannot cope with the responsibility that comes with these liberties. You were only hoping for some quick profit to sell for fiat... Now that you're losing dollars, you are crying all the way... well... to the bank. I hope you got out completely and never will return, because I am convinced you are as big a threat to Satoshi's dream as the corporations and law-makers that convinced you to panic sell. PS: To my fellow believers: HODL.  This was literally serious for me but the way you have stated it makes me laugh somehow but the main fact that sometimes or we can just say that most of the time, we are really getting burst when there are too many panic sellers sprouting out from their shells contributing more to the continuous dump of Bitcoin price. But the main fact that we cannot blame them because it is their own money in the first place, we do not literally know for what valid reason they have been doing such thing because we only know that they are doing that just for the sake of saving their own from experiencing continuous loss brought by the dump and the way to cut it off is to do panic selling. |
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I understand that being a bounty Hunter can make money and improve the family economy, but do you have other jobs? because if I just rely on money from Bounty I think it will not be enough.
Indeed. Full reliance on bounty hunt will not be totally enough because the rate of success varies along time as well as it is really time consuming in a sense that it takes a long period of time before you can obtain a real large amount of income from the bounty you are into. So it is still be the best to have a back up source so that you will not suffer on just relying into bounty hunt because you are also generating money by means of having other types of work out of crypto work like physical jobs to serve as primary source of income. Right now, I still do not have a specific type of work because I do enter into part time so that I will not entirely depend on bounty hunts all alone. |
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When the government forbids cryptocurrency
In my country, the government is gradually apply internet and cryptocurrency control decrees. Previously, they banned direct Bitcoin transactions. Currently, they are banning crypto-related bank transfers. And of course, ICOS is also gradually banned .
Initially, they said they would not ban crypto and bitcoin. But now their actions show that they do not want crypto to exist.
Is their purpose not to secure crypto investors? They are trying to make it their own
They see huge profits being lost for themselves
And when the internet management program took place in my country, maybe I could not come up here to share my views like this. So sad
Maybe that thing will come into reality once the government sees that there is a big negative impact on the society for using Bitcoin and other types of existing cryptocurrency into the human behavior and thinking of the people beyond using crypto. But as for now that small and few issues are just sprouting in the society, it is still easy to be controlled by the government but once this small issues turns out into a larger problem, this will be the time that the government will take an initiation to forbid cryptocurrency usage just to stop the negative effects brought by cryptocurrency usage. |
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Hi, I am a noob to all this bitcoin stuffs. It sounds like an interesting idea but before I invest too much into it I have
some questions and concerns. Perhaps highest on my list of concerns is the possibility that someone will buy up all,
or most, of all the bitcoins that exist.
Will it be just like the existing economic system where the rich get richer on the backs of the poor?
Will that not destroy the whole bitcoin project and make whatever bitcoins I happen to get myself worthless?
I have read a few things on this kinda stuff and some of it sounds pretty scary. I don't know how much of it
is FUD or how feasible any of it is at all at all.
Please help me understand and ease my mind in regard to this issue.
Thank you
For me, it was do really impossible that someone could buy up all the remaining Bitcoin on the virtual market for the reason that the price was that too expensive and even the richest people in the world might have that hesitation to purchased all the existing Bitcoins for some valid reasons involving the span of time until when Bitcoin can gradually increase and also the assurance of its positive price movement will be the concern because it is not just about purchasing but also gaining for your own goods. |
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kinda strange when investing in a volitile market. you can spend 10,000 $ into the market in january and come out less. than what a person invested in april with 10,000 $.
That's true for me it its better to diversify your money to different things that you want to invested, thats a good thing for me, diversifying your money cause we didn't sure regarding about something that we had here, volatility is present which is a number one factor that limits your money to progressively grow in a certain period of time and I guess that is a ome thing that we should prevent, so invest here enough and keep the most. |
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Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?
I think if unnecessary news and information that cracks the good idea of being involved to Bitcoin I think it's possible since, that's what the investoe doesnte like an bad reputation, if this forum may have the things that they dont want to I guess it will be a plus points to the standardize countries to acquire Bitcoin in their systems, and it will happened if bad news and scams anomalies will be eradicated. |
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