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Economy / Economics / Re: A Public Market is Turning 'Cashless' in the Philippines
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on: December 19, 2018, 10:40:55 AM
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'The new Marulas Public Market in Valenzuela City is the first-of-its-kind ‘DigiPalengke’ initiative in Northern Metro Manila where an entire marketplace is equipped to accept mobile cashless payments.' https://pia.gov.ph/news/articles/1015376-- This is quite interesting since even a public market where most of the time common folk buy their everyday needs is accepting digital payments. While this is not entirely related to cryptocurrency, it's as if the people are slowly seeing the convenience and security cashless payments offer to their everyday lives. For years, scan-to-pay stores are just confined within the walls of malls and luxurious places but it seems that we're slowly bringing it to the masses and eventually, it will be the norm to pay only with our smartphones and pre-loaded accounts--and in the future, possibly even cryptocurrencies. I think this is a great news for all the Filipinos, having this kind of upgrade to better the method of payment is just a great help for everyone not just in the Philippines but to all the earth, I have seen one kind of this scan to pay method in malls and some restaurants and hopefully it would just go to even simple stores in the streets, the security that you dont need to be worried that your money will be stolen from you will be gone and you can just go everywhere carrying nothing but your phone. |
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2
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Economy / Economics / Re: Bitcoin and Fiat - this is how I see the future
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on: December 19, 2018, 07:50:01 AM
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At a time where I see currencies moving away from cash to digital I think the reason is partly so that governments can control the flow of their currency more particularly for laundering. They can possibly gain more taxation from a cashless currency because cash cannot be fully traced. If i sell my car for cash to another individual the government dont get any revenue from that because it is not traceable.
So in a governments aim to control our money it will leave a big opening for bitcoin and other decentralised crypto to exist along with fiat and will allow people to "trade" anonymously with each other over a completely independent infrastructure.
This could actually be true in my opinion, now using cryptocurrency, when you do a transaction, your transaction can be traced or tracked, and as some people say, the government or some people who wanna use cryptocurrency could actually use whatever amount they had to whatever evil acts they want. But to be fair, this is only my opinion, and the government could be having a much different plan than what we think is happening. |
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3
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Economy / Economics / Re: What happens to Crypto when normal stockmarket collapses??
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on: December 19, 2018, 06:30:55 AM
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I think cryptocurrency will also be affected negatively, if the stock market will crash then I think cryptocurrencies will drop its value as well. If crypto currency will maintain its value then I think everyone will jump into cryptocurrency and that would be a great thing for us crypto users. |
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4
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Economy / Economics / Re: Blockchain and AI will improve the world economy
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on: December 19, 2018, 02:50:52 AM
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Since the inception of the blockchain with Bitcoin in 2009, there has been a huge interest from governments, and central banks alike to design their own centralized digital fiat currency for their benefit. Given the security benefits and efficiencies that the blockchain provides, it would be used well in conjunction with AI technology, to transform the global economy in ways we've never thought possible. As such, there could be a future where everything is managed by AI and the blockchain would serve as the security and settlement layer for any kind of transaction. A one world currency might become a reality where it is backed by all the banks and governments alike. If this happens, then true autonomy would become established enabling everyday devices to operate on their own and "monetize" themselves via the use of a single unified global currency which operates on a blockchain. Therefore, both the blockchain and AI will have a huge impact in our world economy, and every aspect of our lives as we know it. Of course, this might take quite a few years to happen, but the benefits provided by such technologies would be too hard to ignore. What are your thoughts about this? Will both Blockchain and AI improve the world's economy?  I think, if we are to look at both blockchain and AI then I think the future will be better, Im not pro AI and blockchain, but I am with whatever would bring our world a better living experience, if these two could be of great help then I dont see why we cant use them, I think there are gonna be major changes in our currenct world, issues are gonna come flying, but if we insist on a greater and a better world then I think it is worth trying. |
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5
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Economy / Economics / Re: Crypto debit card for FIAT payments - would you use one?
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on: December 19, 2018, 02:01:34 AM
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Hello,
I'm here to explore the demand for crypto debit card.
The basics behind it is actually very simple:
1. You own some crypto funds on your account on an exchange (crypto/FIAT markets) that has partnered with a debit card provider. You'd have to identify yourself (pass KYC).
2. You get the card. It is a basic mastercard debit card for FIAT payments. No magic.
3. When you use it, it automatically exchanges your crypto to FIAT based on the amount you're spending. You would even be able prioritize the order in which your crypto is to be exchanged the first, the second, etc.
So, would you use one?
If yes, would such service motivate you enough to open an account on the exchange that is not (yet) one of the TOP ones?
Disclaimer: I'm a business owner in a position to offer such service. Knowing your opinion would help me a lot. So, thanks in advance!
In my opinion, this could be nice in a way, it automatically turn your fiat to cryptocurrency, no need to go to a trading site or app to convert your fiat to cryptocurrency. one good thing that bothers me is the fact that cryptocurrencies are highly volatile, which means that if I borrowed an amount of coin and the market went down, then I would have to pay it in a much higher price, but it is a good thing if the market goes green though. |
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6
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Economy / Economics / Re: What should I choose
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on: December 19, 2018, 12:18:16 AM
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Hi guys, I just graduated from college and wanted to have a better income but didn't know what to do. I want to find a solution to get around this situation. There are just friends who invite businesses to provide income, and there are also those who invite to invest in cryptocurrencies. If you are in my position and faced with these 2 choices, which one will you choose:
1. Invest in cryptocurrencies
2. Opening a real business
Give me the reason why you choose between the one above
regards
In my opinion, you could always choose both investing in crypto currency and opening a tangible business. The more options that you have, the better ways of earning income and making profit, just make sure that you really love whatever business you are trying to start so that you will enjoy your journey as a businessman and as a crypto trader. |
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7
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Economy / Economics / Re: Would a global disaster increase or decrease the Bitcoin value ?
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on: December 18, 2018, 04:31:38 AM
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Hi ! First message here. If a global disaster would happen on earth ( And I somehow don't wish it ) Would the value increase or decrease ? I'm not talking about solar flares or EMP. But more like big wars or great natural disaster. What are your opinions on the subject ?  I think, if the world would be put to a global disaster the only thing that could happen or the most likely to happen is that everythig would be affected negatively, if we are talking about bitcoin and the whole crypto system then I think the value of cryptocurrencies would definitely go down, and I think its not only the cryptocurrency but our current currencies would fall as well. |
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8
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Economy / Economics / Re: Stop worrying about how much energy bitcoin uses
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on: December 18, 2018, 01:37:25 AM
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why have to think about how much of energy needed by bitcoin, I care only when bitcoin is on higher price for selling and when bitcoin at lower price for buying, just thinking when have I buy and when have to sell of bitcoin.
Well you might not care about how much of the energy is used in mining Bitcoin but the miners do. The low the cost of mining, the maximum the profit they make by mining. The good market in addition adds more value to the portfolio. For me, yes it does consume a lot of energy, it also means a lot of expenses to pay, but it doesn't really matter if we are earning way more than what we pay for our expenses, but I also do agree that if we are to have a lower expense to pay then that only mean that we are gonna have more and more income or profit to collect, and for me, that is what we call a good business or investment, but now that cryptocurrency value is on a down trend, I think it would be best for a much power saving method. |
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9
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Economy / Economics / Re: Why I am not sharing my crypto love? <3
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on: December 17, 2018, 11:40:46 PM
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I wanted to say that I have stopped sharing my crypto interest with close mates of mine.
Because they will became greedy and jealous for that money they could have too.
But the problem is that they are seeing a results of hard intense and long work! My tokens sometimes costed me like 3 months of work, (not the hardest, but anyway).
And the are saying then - teach me how to do that! Teach my now in half hour! So I would have my $1000 tomorrow!
And then they are trying to do something here for 5 days, nothing comes so fast and they give up,
also the relations are harmed...
Thanks for your attention folks! Nice days!
I agree with the last thing that you have said. When you teach someone in this forum and they do not give it importance, you will say to yourself that they did not value what you have told to them. Just like the scenario happened to me. So, I never wanted to bring this topic to my friends specially, if in the end they just keep saying that its a waste of time. It is okay to be selfish sometimes, it is for the consesus of everyone. I have the same experience as well, some of my friends tried doing what I am doing here like joining campaigns and trading cryptocurrencies, they didn't do well like I did, what happened is that they thought that I was cheating them, or that I am doing something that they think I don't wanna teach them just for me to earn more than what they're earning, it just feels depressing, now I only teach friends who are really interested. |
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10
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Economy / Economics / Re: How can we get people to use bitcoin as a currency?
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on: December 17, 2018, 11:17:24 PM
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Government should accept the circulation of bitcoin and its development.
if every country will accept it, merchants will start to accommodate the BTC.
And people will start coming to have BITCOIN. this is the best way to get people.
I agree with this statement, if people are seeing that bitcoin as well as the other cryptocurrencies are being circulated and the government is supporting it then I think that would be the best way to get people to using bitcoin, I think people will get curious and eventually they will learn how to use it and if the government will make it as available as our currenct currencies then I think the growth of the cryptocommunity will be rapid, and it comes along with the increasing demand of cryptocurrencies. |
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11
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Economy / Economics / Re: All times are good to enter crypto - Tim Draper
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on: December 17, 2018, 06:22:30 AM
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I think what this Tim Draper said about entering the cryptomarket is true, we can never really tell whether the cryptomarket is gonna go on an up trend or it would go on a deep. I have heard many people saying that the prices are gonna go up but it didn't and it goes the other way around. I think, it really is up to the investor if he is gonna hit it big and earn whether the cryptomarket is good or looking bad.
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12
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Economy / Economics / Re: Why everyone only invest in the crypto market?
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on: December 16, 2018, 11:13:32 AM
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The cryptocurrency market is crazy. When the market becomes positive, you can make a lot of money, so people are greedy, and investing in cryptocurrency is correct. In addition to the cryptocurrency market, other investments are now dangerous.
I agree that the crypto market is crazy, in both positive and negative way, we have seen how crypto currency went booming last year, I can say that it is crazy in a very positive way, many investors gained a lot, I can say all if not most of crypto investors have gained a lot. But it became crazy in a negative way just a few months after cryptocurrencies went on its peek, and more people had been affected. |
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13
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Economy / Economics / Re: the future of crypto is good or bad
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on: December 16, 2018, 10:56:35 AM
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I want to invest my savings into cryptocurrency. So I think about the future of cryptocurrency. what do you think? Do you think the future or cryptocurrency is good? Or do you think the future or cryptocurrency is bad?
Please help me, because I will invest all my savings. So if I make a bad decision, my family and I will be on the road to improve my economy.
For me, if you really wanna invest your savings to cryptocurrency then you need to be ready for a great loss as well, especially now that the value of most, if not all, of cryptocurrencies are down and is on a down trend, the chance of having your investment going on loss is much higher, on the other hand, we couldn't tell, you might just end up buying on an up trend and hit big. |
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14
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Economy / Economics / Re: Banks must adopt new technologies to survive an ongoing “extinction phase”
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on: December 05, 2018, 02:34:39 AM
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https://www.cnbc.com/2018/11/01/fintech-banks-face-extinction-phase-amid-new-financial-technology.htmlRapid changes in financial technology, or fintech, are shaking up the global banking industry. Banks must adopt new technologies to survive an ongoing “extinction phase” wrought by such tech, according to Stephen Bird, Citi’s global consumer banking CEO. While new technologies cannot be ignored, bankers say the primary aim is to use them to provide the best service to customers. Hard figures on how much the new wave of technology has disrupted retail banking are hard to come by, but analysts have stressed that the challenge is real. Do you think the tech here includes blockchain and crypto? In my opinion, its not only the banks who needs to adapt to these modern technologies, it is everything that needs to be changed for us to have a better world, but for a start, I think banks do really need to catch up to what is happening in our world today, this is for the better and for further advancement. |
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15
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Economy / Economics / Re: Why everyone only invest in the crypto market?
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on: December 05, 2018, 02:17:40 AM
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Hello everyone!
I am talking to quite a few people who are investing in crypto and notice that very few have a broader investment spectrum. People either focus on ICOs, some small caps, others play it safe and stick with the high caps or established projects.
But hold on, is the later really playing save? In my view, even with high caps you will still be massively exposed as you have all of your eggs in one basket. Namely in the same market. Different eggs in size and colour but all eggs. If the basket falls, your eggs still get crushed.
As mentioned before, I am trading stocks for over a decade and crypto since last year. I also agree that is easier to trade stocks, simply because the volume is so high that a few whales or big investors cannot influence the market as easily by dumping their shares. The stock market is also much more regulated, if someone is being caught doing washtrading or spoofing the consequences are dramatic. In the crypto world manipulation is something that poses a constant threat. Just look at the market now, the recent dip is not tight to any event, news or even fud. 25 billion just disappeared and people are wondering wht‘s going on.
Long story short, it‘s great you have a diversification plan but also think about moving assets from crypto to fiat, stocks or raw materials and precious metals.
What is your view on that?
I think we cannot really predict what gonna happen to the cryptomarket so I think when it comes to our investments, the best way to handle it is to have our investments on both the cryptoworld and outside of it, this way, we can have the best of both worlds and have the better choice in making the nest move. |
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16
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Economy / Economics / Re: Why I am quitting ICO's
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on: December 05, 2018, 01:59:29 AM
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I decided to quit ICO's. From December till now I invested about 5 eth into several ICO's. Invest what you can miss, this is what was able to miss. Right now the first few of my ICO's have reached the exchanges. Most are under performing, but this is related to the overall dip (can be read everywhere). I understand, but ICO token economics have changed also. - massive hardcaps
- most is sold in pre-sale to big investors, leaving scraps for crowdsale
- much attention to marketing, less to working product or realistic time lines
- immediately available on EtherDelta and IDEX, sure sign of little interest in token economics/future
- no lock on pre-sale tokens, whales take their x2, x3 or x-whatever as soon as possible (I would probably have done the same). Prices drop to below ICO price.
- too many ICO's without distinctive differences.
- too many ICO's in general
- too much tokens reserved for team/marketing
- many ICO's don't even have a crowdsale anymore (which perhaps is a good thing as the little investors are protected this way)
- ICO prizes are quite high. 1eth = 1000/4000 tokens is pretty common, but with a hc of 40 million, this will not easily go x10 or more.
I was 'unlucky' to miss out on a few ICO's besides the ones I was able to participate in. Afterwards I am glad, since I was able to pick most up at a fraction of the ICO price. Important as ever: DYOR as not all ICO's have a genuine solution to a genuine problem. Some may seem like a fantastic solution, but often it is marketing combined with a strong team, and not so much a great working product. And who am I? I am definitely a nobody  , but still wanted to share my experiences and perhaps save people from thinking of getting on board of the next x100 ICO  p.s. when a Telegram has over 20k subscribers all screaming 'when lambo' with endless rows of animated gifs, you may also wonder if this is a serious block chain solution which will revolutionize 'x' I think ICOs are great, imagine having the advantage of buying more coins in a much lower price, I think that is just a great deal, but the problem is that you cant say if the ICO is gonna be a success or not, or if the coin is just gonna be a pump and dump kind of coin, But I think, it is still worth the risk. |
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17
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Economy / Economics / Re: Who is really hopeful about the future of Bitcoin and why?
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on: December 05, 2018, 01:46:03 AM
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Who is really hopeful about the future of Bitcoin and why?
I think everyone in the cryptocommunity is very hopeful of bitcoin, that bitcoin and the whole cryptosystem is gonna bring a new and a better future for every one, just like our new technologies today that brought a lot of advantage to all, I am also hopeful that cryptocurrency will bring new things and a much better world for everyone. |
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Economy / Economics / Re: Charity Accepting Bitcoins?
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on: December 04, 2018, 07:14:45 AM
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If there is a charity accepting bitcoins do you prefer to give some of yours Me: I will if there is, but for now I don't have yet.  EDITED:Yeah it a hassle for now. Another question: But what if there is fiat will be disappear in the future and crypto will conquered the world and all payment transactions will be on blockchain system? So is this applicable right? If there will be something like this then I think that would be nice, being able to give and help with just a click, I think many people would be very much happier if they would be able to help in a much more convenient way, and if cryptocurrency is a good, then its gonna be a great help. |
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Economy / Economics / Re: To be or not to be. What to invest in?
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on: December 04, 2018, 06:55:12 AM
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Forecasts for bitcoin in 2018 are rather ambiguous. On the one hand, some analysts predict a rather gloomy future of the current unstable situation.
On the other hand, optimists predict bitcoin a rapid increase in quotations, which next year must exceed its maximum threshold in the history of the existence of cryptology.
Although Bitcoin is still in a state of uncertainty. So many of you were wondering what to invest. Therefore, I had the idea to write several alternatives for investing.
1. Bonds
A good alternative to deposits is bonds. The plus of this instrument is the absence of taxation. And from the same deposits, the tax on income of natural persons in the amount of 18%. But here's a percentage of different countries different.
2.Gold
Investments in precious metals should be considered with a sight for 3-5 years.
Silver and gold are traditionally considered to be a long-term instrument to protect against inflation. They are also interesting because, in 2018, the growth of the cost of precious metals can reach 10-20% in the world. And this gives the possibility of additional income. Therefore, you can invest up to 20% of savings, for example, invest monety / ingots or look at the so-called gold deposits
3.Real estate
To invest in real estate is required neatly. You can choose an attractive option for a long time in the secondary market as well.True, it must be remembered that investment in real estate pays off for a long time - 10-20 years. And in the case of force majeure, housing will not quickly be sold.
4.Bitcoin: Interesting, but risky
In cryptology you need to invest carefully.The market is speculative, can sharply grow and fall. In 2017, bitcoin cost about 19,000 dollars, now - about 8 thousand dollars. Intraday fluctuations of the Crypto-currency may be 25%. You need to have iron nerves to withstand the jumps, because you can lose everything.At the same time, how much will Bitokin cost at the end of 2018, it is unknown, because all bold forecasts have come true. But one should not think that cryptography is a costly investment.
Therefore, the choice remains as always for you.
I will certainly invest in the crypto currency. I understand all the risks associated with these assets. But when I have only 8 000 dollars and I want to multiply them, I better choose the strategy: everything or nothing. I'm sure my way of thinking will change when I have more than, for example, 200 000 dollars. For me, cryptocurrency is the best place to put your investments with, unlike gold and real estate which gives you a slow and low return, cryptocurrency gives you a more faster and bigger return in such a short amount of time, and I think, that makes it the best place to be investing your money. |
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20
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Economy / Economics / Re: What is the best Cryptocurrency to Invest?
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on: December 04, 2018, 06:28:31 AM
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Here's a guide on how to do cryptoinvesting. An excerpt from http://cryptodime.net/how-to-pick-the-best-cryptocurrency-to-invest-a-guidline-to-trading/If you have decided that you want to jump into this rapidly growing market, then there are some very important things that you need to understand. In this guide, you will learn how to choose the best cryptocurrency investment for you. We will also analyze a few hot currencies, to kickstart your research. Keep in mind that this guide focuses on long-term investing strategies and NOT active trading. The Best Cryptocurrency to Invest in is… Anyone who tries to tell you that the “X” cryptocurrency is the absolute best cryptocurrency to invest in, probably has a very large vested interest in it. In reality, there are will mostly likely be several big winners in cryptocurrency. It’s like the dot com boom, where companies like Microsoft, Oracle and Google ultimately became blockbuster investments. But you only made money in those investments, if you understood why they were good investments AND you had a reason to keep those investments for the long term. Otherwise there would have been a big temptation to sell them as soon as you made a little bit of profit. If you don’t understand what a cryptocurrency does or why it’s valuable, then don’t invest in it. Many of these cryptocurrencies are going to be a passing fad. There will be a select few cryptocurrencies that will be great investments. Bitcoin has already shown us the potential. But the majority of coins will fade into obscurity. Since nobody knows which ones will be huge winners and which ones will be epic fails, we believe that the best investment strategy is to have a portfolio of currencies. Putting all of your eggs into one basket is a recipe for disaster. You don’t have to understand every single technical detail of each currency. However, you should read a lot about a currency that you want to invest in and make a very informed decision. That is the only way to find the best cryptocurrency investments. In my opinion, Bitcoin is still the best option when it comes to trading, although its value is continually crashing down, Bitcoin is still the most popular cryptocurrency in the market, and as long as it is the most popular, bitcoin is gonna be the first pick if anyone is just new to cryptocurrency, and that makes bitcoin price more chance of getting higher. |
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