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81
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Economy / Trading Discussion / Re: Is trading stressful for you?
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on: October 26, 2018, 12:04:05 AM
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I believe it is!
What do you do to relief trading stress? Do you have any alternatives?
As for me I stopped trading for 3 months and play blockchain games. Now I feel myself better!
Trading as an act is stressful to me and I have not found the time to put myself to learning it fully. What I have done is to sell/trade tokens for fiat just at certain period when I needed cash seriously. But I would want to learn and enjoy trading if I had the extra cash to go into it fully. |
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85
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Economy / Economics / Re: My Advice on Investing in Crypto
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on: October 25, 2018, 11:49:58 PM
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The investment in cryptocurrency should also be viewed as a future form of investment even as much of the products being advertised and campaigned for are mostly not yet existed; in the pipeline. You see your investments as being futuristic and real money for the future.
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86
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Economy / Economics / Re: Are loans - part of debts?
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on: October 25, 2018, 11:47:16 PM
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I'm unable to find a precise classification and/or similarity between the two words - debt and loan. Should we consider debts (where people are helped financially or in a way they want that help - and they need to pay it off either in instalments or at a go, be it through paper money or by any other means according to the agreement) as loans OR Is there anything that could help us classify both these terms and show some dissimilarities and differences between them?
One thing I have learned overtime is to see this from different perspective; but in simple terms, I do see it as a debt! Now depending on what you are using the cash to do and not using it on frivolous spendings. Your view as seeing the loan as debt will make you eager to want to pay it back/off soonest. |
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87
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Economy / Economics / Re: Economic crash in 2019!
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on: October 25, 2018, 11:41:44 PM
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The economic fall is and should be relative/ comparison so as to really ascertain the level of damage it might cause. The cryptocurrency markets have gone down severally but this season's bouncing back is a major and historical one all and sundry will be waiting for.
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88
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Economy / Economics / Re: Fiat Currency Always Fails
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on: October 25, 2018, 11:38:16 PM
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If it has failed before, it was for a reason and a particular period of time. At the moment, the fiat is gained some grounds with the help of the USDT which has helped to maintain/regulate the bitcoin price and overall, the cryptocurrency markets.
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89
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Economy / Economics / Re: Philippines starting to accept and adopt cryptocurrency.
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on: October 25, 2018, 11:30:56 PM
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Cryptocurrency transactions has been on the rise in the philippines.
They are already accepted 5 cryptocurrency company in the country and approximately planning to give license for atleast 25 companies to operate in the philippines.
With the current government administration they are starting to adopt and build even in the technological infrastructure.
In more years to come the country will be more open to blockchain technology like japan and other countries.
With news like this, it sure gives a glimmer of hope to the future of cryptocurrency at large. For those already giving up or redundant as regards the progress of the cryptocurrency. I, for one, I am excited and expectant of more positive news from other countries. |
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90
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Economy / Economics / Re: Is Bitcoin Worth To Be Currency?
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on: October 25, 2018, 11:22:18 PM
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With Bitcoin's global acceptance and recognition at the moment, we can say clearly that it is fit already to be called a currency even from its name. The bitcoin is the future of currency and already being prepared and programmed to toll that path.
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91
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Economy / Economics / Re: Germany recognized the bitcoin
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on: October 24, 2018, 09:17:33 PM
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The Ministry of Finance of Germany signed the Decree on recognition of bitcoin legal tender. The document specifies that purchases made for cryptocoins, are not taxed!What do you think about it?
This is a good one coming from Germany and I do hope more countries will this and get in the future of digital currency. I did heard that Estonia's government allows easy operation of cryptocurrency too. A good spread in the Schengen countries and then a global acceptance. |
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92
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Economy / Speculation / Re: At what price will a coin die?
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on: October 22, 2018, 08:33:17 PM
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What is the price at which a coin is considered dead or when an exchange decides to delist the coin?
Like bitcoin was 20k in jan so if it reaches less than 1k we can consider it dead?
The bitcoin has gone past the fears of going below 1k$, reasons being that it has attained a level of credibility and relevance with the world financial bodies such as the SEC. As for other tokens, I believe of the trading volumes have really reduced overtime and it is now being over dumped, it can be prone to be delisted. |
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94
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Economy / Economics / Re: What would happen to banks?
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on: October 19, 2018, 12:00:23 AM
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There is the normal saying that, "if you can't beat them, join them". The banks all have the option of incorporating/adopting the blockchain and cryptocurrency modus operandum into theirs to facilitate operation and also make them ready and relevant for the future.
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95
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Economy / Economics / Re: Is there any chance of having one global currency?
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on: October 18, 2018, 11:56:21 PM
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Could you see a future wherein the entire world shares one global currency, be it fiat or crypto? If I think it in a scifi kind of way, it would most probably be some digital currency that could all just use. It doesn't even have to be in this century. Maybe the next?
Are you somehow referring to the new world order cryptocurrency? I don't think this aspect of having a universal digital currency will still hold the decentralization valid but the bitcoin which has been preexisting can easily serve this purpose as the world digital currency. |
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96
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Economy / Economics / Re: What i believe will come
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on: October 18, 2018, 11:50:47 PM
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Having watched some futuristic movies and some other documentaries, I do not agree totally that the fiats will be totalled scrapped and also the mentality that there will be global and parallel opportunity; those who will hear and learn will do so while some also will be somewhat disadvantaged.
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97
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Economy / Economics / Re: Transferring of wealth from the impatient to the patient!
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on: October 18, 2018, 11:41:26 PM
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I will like to say the plain truth about what I have think laid ahead of us as an investors, traders and speculators on cryptocurrencies market. Many of us that know about cryptocurrencies and bitcoin since 2010 and 2011 and did not see any reason to buy and hold till 2017 before selling will testify that impatient is the reason why they are not millionaire in the local currency.
in cryptocurrencies market we are witnessing transfer of wealth and this transfer is been done through creating a system that make some group of people selling their holding because of the fear of what the future hold. The wise one are buying and hold for 2 to 3 years before thinking to sell.
if you want to be a future millionaire and billionaire? then think on how important it is for you to keep holding and patient with the market and in 2 to 3 years to come if you will not be in money, this money always come from the impatient one.
Goodluck to you friend.
I did told those that I introduced into cryptocurrency not to really get themselves worked up over not making some cash yet. I explained to them that the iCOs are mostly future projects which are coming into full play later. By the time this happens, the real worth of their tokens would be massive. |
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98
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Economy / Economics / Re: current situation of cryptocurrency for 2018
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on: October 18, 2018, 11:32:16 PM
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In short and in reality, the current situation if the cryptocurrency world isn't a smiling one. I see from afar that most people that are still active are those who are still in the trading business fully; getting some profits from online trading rates and the likes.
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99
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Economy / Economics / Re: Apart from trading where else to use crypto?
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on: October 18, 2018, 11:24:52 PM
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The main use of cryptocurrency as at now is still trading; and with main reason of profit making. The other uses can be for tieing down one's wealth and resources and to be traded/exchanged for a later date - crypto used like real estate.
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100
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Economy / Economics / Re: Mistakes That Make You Poor Poor In Cryptocurrency
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on: October 18, 2018, 11:17:42 PM
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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.
Well, I still think there should be room for corrections as regards wrong transactions made. The place of due diligence in researching on every cryptocurrency investment is key to making the right choices and not being moved by every FUD being spread. |
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