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1001  Bitcoin / Bitcoin Discussion / Re: Too late for Bitcoin? on: December 24, 2017, 02:24:27 PM
It made a huge crash therefore causing a rebound in price. It is never too late to invest or buy Bitcoins. While Bitcoin isn't recovering yet as of this week, it might a good go to buy some bitcoins now and save it for long-term investment as the new year is about to start. Many are starting to sell their savings now more than people who invest in Bitcoin, causing the supply of BTC to move up rather go down from the buyers then affecting its price. This can be a great time to hoard on Bitcoins before the year ends/
1002  Bitcoin / Bitcoin Discussion / Re: Bitcoin just an asset ? on: December 24, 2017, 02:13:46 PM
Compare it in cash. It is also an asset. It liquidates. It is the medium of exchange throughout the market. I personally think that Bitcoin isn't seen as a currency because it isn't widely used yet throughout the market of trades, like all we can see of its use yet is through online banking and online transactions where it doesn't impact that much in the economy because it hasn't reached yet as a sole medium for trading globally. Generally, what I'm pointing here is that Bitcoin isn't widely used yet in order to be recognized as a currency. It needs to generate more attention and popularity.
1003  Economy / Services / Re: [Signature Campaign][ICO] AiDoc | Small Signature Campaign | Member - Legend on: December 24, 2017, 09:19:22 AM
Bitcointalk username: isaac_clarke22
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1004  Bitcoin / Bitcoin Discussion / Re: Is It advisable to quit my present job for bitcoin? on: December 21, 2017, 01:07:40 PM
That isn't a really good plan to do. You still need your full-time job rather than just sit at your home trading in Bitcoins. It isn't really advisable to quit your job just to put your full-time in Bitcoin. Let's accept that Bitcoin's price is really valuable in fact that you can just put your time on it all day and yes you will earn a lot, but you still really need to put on some full-time job. We can't always expect profit in Bitcoin such as when its price falls down constantly. Instead we should use Bitcoin as sort of another "job", but not full-time.
1005  Economy / Economics / Re: How do you see the bitcoin economy 10 years from now? on: December 21, 2017, 12:34:11 PM
Its price like I can really imagine how much would it cost in the future. I see the Bitcoin as becoming the future cryptocurrency in the internet. Its popularity is already "much more" global, in the way that its exchange are already seen at news. Its economy would dominate in the whole world, because of its rapid growth due to a lot buyers and sellers in the market.
1006  Bitcoin / Bitcoin Discussion / Re: Does Social Media Influence bitcoin growth? on: December 17, 2017, 04:42:31 AM
Yes but not all the time, especially in the cryptocurrency group I joined in Facebook. You will see many posts of someone inviting investors in their campaign, ICO and anything business-related involving Bitcoin. It was an obvious scam because of the ridiculous percentage they make in their investments. Now I know many investors aren't stupid in investing at that kind of campaigns but we're talking about the Bitcoin growth here. If those kind of ICOs keep getting posted in social media and many were scammed then it might degrade the people's view in Bitcoin especially to those investors/people that doesn't really know what Bitcoin is, therefore causing discouragement to many investors outside crypto. We must educate people first in Bitcoin before we promote Bitcoin through social media in my opinion.
1007  Bitcoin / Bitcoin Discussion / Re: Bitcoin can be hacked? on: December 17, 2017, 02:55:19 AM
Bitcoin is secured but don't let it make you say that you are 100% guaranteed safe. Remember that Bitcoin works in the inside the internet, which means in the internet there might be hackers. Hackers can vary whether they hack for political reasons or for just being a real thieves inside the internet. Online wallets is secured, but it doesn't mean that it isn't vulnerable to hackers. It might be a tough nut to crack but it is still hackable, that's why other people use hardware wallets in order to guarantee the safety of their funds.
1008  Bitcoin / Bitcoin Discussion / Re: Am i late to buy bitcoin now ?? on: December 16, 2017, 04:44:42 AM
No, but consider making a strategy already in the amount of Bitcoin your about to buy. There are a lot of speculation on how much Bitcoin will reach in "X" year. It will keep moving up as their are many buyers in the market. If I would look at the condition of the market today while I plan on buying bitcoin, I would suggest buying after the year ends.
1009  Economy / Economics / Re: what are the effects of bitcoin on the world economy? on: December 15, 2017, 02:36:36 PM
It causes an economy to rise, it depends how many users of a particular country use Bitcoins. It is when they start to sell Bitcoins to buy their own currency in a manner of withdrawing it. Because they buy their own currency, its price start to rise up. The purchasing power of a country becomes more powerful because the value of their currency rises up due to many selling Bitcoins in exchange of their currency. This would make all countries compete to each other.
1010  Bitcoin / Bitcoin Discussion / Re: will people lose intrest? on: December 15, 2017, 02:01:44 PM
The fact that it was called "alt" coins. Of course people will lose interest in Bitcoin when it dies (somehow I doubt that it will die), so they will choose another currency where can they invest. As far as I know, Ethereum will be the nearest alt coin that we will use when Bitcoin dies. Ethereum proves its widespread possibilities to grow and become the competitor for Bitcoin.
1011  Other / Off-topic / Re: Why people fear about BITCOIN on: December 15, 2017, 01:46:22 PM
Banks fear it mostly. The fact that people will stop using banks and just use Bitcoin is a threat for them if we put it in a S.W.O.T analysis. Governments fear it also because they might have a hard time regulating it since Bitcoin is a really decentralized currency and no one is in charge in it. However if we're talking about the common people fearing bitcoin, it maybe because they're not ready to embrace technologies especially for the rural people that use only fiat money. They also fear that due to its price instability, they might lose more than what they did invest.
1012  Bitcoin / Bitcoin Discussion / Re: Japanese company will start paying salaries in Bitcoin on: December 15, 2017, 11:32:38 AM
Technologies and Japan? Like I'm gonna be shocked though, Japan is already known for its futuristic technologies that's why I love that country, but anyway speaking about Bitcoin in Japan is not to be surprised of because the Bitcoin started to grow there due to the founder claiming to live in that country. The fact that using it for salaries is a good idea but not yet a good practice because of its security not yet fully guaranteed. When Bitcoin starts to be developed slowly, there is no doubt that not just Japan will start to embrace Bitcoin but also other countries like US.
1013  Economy / Economics / Re: Bitcoin Can Be A Savior! on: December 14, 2017, 11:09:30 PM
In microeconomics, it provides employment for students in a way that they can offer their services or skills to anyone here without worrying about legal requirements for employment, it might just be the previous they've done that is required but they don't have to go through a lot of requirements just to earn profit. In economy, it can help circulate the local currency of the country especially to people buying Bitcoins.They can buy , while still earning profit because its a form of investment of waiting your bought bitcoins to grow over the time.
1014  Economy / Economics / Re: What will happen if we use a one currency only? on: December 14, 2017, 11:02:08 PM
If there is only one currency then all the products around the world will all compete to each other, because it will all provide the same amount due to same currency. Unlike what is happening today that your dollar exchange varies depending on the economy your country have. There might be equity in money but there will be no equity in competition as we should consider the manufacturing power of a country as per considering their resources.
1015  Bitcoin / Bitcoin Discussion / Re: Bitcoins for illegal activity on: December 14, 2017, 10:47:32 PM
Since bitcoin is used as an online currency, it also has different markets inside. Mostly the illegal uses so far is the use of dark net. One of the most widely known sites in the dark net is the Silk Road. It is the most known black market in the dark web where Bitcoin is used as primary currency. Now we can't deny the reality that even in Internet, there can also be illegal activities going on. It is just a matter of choice of people to do those illegal activities to earn a lot of profit with a low capital.
1016  Bitcoin / Bitcoin Discussion / Re: Theories with Bitcoin Futures on: December 14, 2017, 10:37:28 PM
It is still in its development age, and not everyone will be willing to use it. My opinion in the future is that it will be the major exchanges in the internet. Like we see in local news, on how much is the exchange of Bitcoin to Dollars. For the price, I think it will keep multiplying in price as long as there are a lot of buyers and sellers in the market that will sustain its value.
1017  Economy / Economics / Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022? on: December 14, 2017, 02:15:58 PM
I don't think so. Even if technologies around the world is keeping on its advancement, some certain countries have problems that needed to be taken consideration first before we can conclude that the country can use bitcoin. Example is Africa, which hunger is its main problem. How can technology follow up in that country, when even needs aren't sustained in stable manner. Banning of Bitcoins could also prove a threat because they might discourage a lot of countries to use bitcoin.
1018  Economy / Economics / Re: Why did you choose bitcoin? on: December 14, 2017, 12:04:15 PM
I could've chose ETH but why bitcoin? Because personally, it is the most popular currency/cryptocurrency in the internet. The price it can reach in the future makes me feel that it is worth working for in Bitcoin. Making a long-term investment would be profitable after a year or so because of its price movement. You never know how a single dollar could grow in 2 years when you invest in Bitcoin.  Possibility is infinite.
1019  Economy / Economics / Re: Selling Bitcoin = Opportunity loss?! on: December 14, 2017, 11:27:50 AM
No, it is not. In a reverse concept of buying the money you currently have, you might lose the opportunities to buy less price of some goods such as meats or gas but you need to gamble or take risk in making that decision. That concept reflects also in Bitcoin especially in selling, we take risks in selling Bitcoins into fiat money if we're not expecting more price tomorrow. As soon as the price meets the portion of our needs then it is already worth the gamble. It is just the "wants" that keeps us want to hold into our Bitcoins. So generally no, there is no opportunity loss when it comes to selling Bitcoins.
1020  Economy / Economics / Re: popularity of bitcoin dictates demand, means more profit on: December 13, 2017, 10:57:34 PM
Every price of the goods in the market is always dictate by its demand, because of its supply. But since Bitcoin is unstable, the demand isn't only the factor. It could also be dictated by the intervals of increase and decrease of the price. How many percentages of increase in a week? And how much of the opposite in a certain week? Since it is decentralized, nobody "directly" dictates the price but only its development and the consumers in it.
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