well it depends on the current market status of those altcoins. i think what they meant is invest more on btc rather than altcoins because we all know that alts are not as stable as bitcoin. he did not mentioned that sell your alt then buy btc. having altcoins also adds up on your investment portfolios, there are some alts that is stable and can be leveled with bitcoin. |
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I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
just invest your extra money, do not use your funds for emergency, those kind of savings are intended for emergency only, we all know that investing in crypto is highly volatile and risky, it is recommended to invest only the amount you can afford to loose and definitely emergency funds are not included. investing in long term is different than saving money to sleep until such time you will need it, be wise. |
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both mentality are needed for one to be successful in life in the future, one must be an employee so he can experience how things work on an employee level, but it must be temporary, employment must be used as a stepping stone to achieve success in owning a business, once you gain experience and knowledge as an employee, you must strive to have your own business, its all depends on what line of business you are planning to put up
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surely there will be an impact but not so drastically will end up poverty right away. but since bitcoin is too risky, it can boost or ruin the economy on an individual/personal level, when bitcoin was first introduce to all of us, it instantly become an income generating activity but on a person to person only, i knew some people who has made it big in bitcoin, but even we sum up all that people who are rich today because of bitcoin, it cannot and will not end poverty, it will not erase a country that is way beyond economically standard. it will help but not totally answered all the economic status of a country.
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yes it will slightly affect btc, the question is, is it good or bad? is it to increase or decrease investments? if this probe is legit, some ICO will be regulated, it will boost trust on the community, trust in bitcoin, which will result in increase in buying btc, so the price will tend to go up which is obviously good for the traders, it is going to be a good chance to earn more profit.
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If we have less new investors, so the prices tend to fluctuate less? How much dependent of new investors the prices are ?
we should not count how many investors, we should count how much was invested, actually we cannot depend on who invested, even there are few people who invested, what matter is how much was bought, it not dependent in individual users, prices are dictated by how much bitcoin was bought in the current crypto market regardless of new or old players in the market. |
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I'm just reading an article in the newspaper. Klaus W. Wellershoff (a last chief in UBS Bank) says that's impossible to use a currency with volatility as money. If the value of the money decrease, that means the value of the merchandise decrease. For example : if you buy a flat with bitcoin and few years later the bitcoin value decrease... Your flat lose his value as well.
What do you think about this argument?
what? once you bought something using bitcoin will not decrease its value in the future, its value will not be based on the current price of bitcoin anymore not unless you are selling your flat and accept bitcoin as payment. and why would you sell it when the price of bitcoin is low? no one is stupid enough to do that. once an item is bought in bitcoin, the value will remains the same until you appraised it in bitcoin. if doing so, you are not a wise trader. I don't think that is true that when you bought something with bitcoin then it will not have a lesser value in the future because the price of bitcoin is depending on the demand from the people in the market so if the demand of the people will become lower and the price will also become lower and that thing will have a lower value also. It is all about the demand and pricing of bitcoin. if we are talking about the item's value in bitcoin, if we are comparing the value when you bought it and the value if you are to sell it. of course the value differs, depends on the current market value, the op's argument is "if you buy a flat with bitcoin and few years later the bitcoin value decrease... Your flat lose his value as well. " if and only you are to sell it in bitcoin's price at the wrong time. his example is buying a flat, on how much you bought it, it will remain as is, now the value differs on the timing of when you are to sell it, again in bitcoin's price. |
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I'm just reading an article in the newspaper. Klaus W. Wellershoff (a last chief in UBS Bank) says that's impossible to use a currency with volatility as money. If the value of the money decrease, that means the value of the merchandise decrease. For example : if you buy a flat with bitcoin and few years later the bitcoin value decrease... Your flat lose his value as well.
What do you think about this argument?
what? once you bought something using bitcoin will not decrease its value in the future, its value will not be based on the current price of bitcoin anymore not unless you are selling your flat and accept bitcoin as payment. and why would you sell it when the price of bitcoin is low? no one is stupid enough to do that. once an item is bought in bitcoin, the value will remains the same until you appraised it in bitcoin. if doing so, you are not a wise trader. |
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there is no chance to make this world economically stable, it is a worldwide issue, as long as there are division among superpower countries, as long as there are rich and powerful country that dictates the price of common necessities like oils, gold reserves and continent's natural minerals that hoards and freezes on trading with other nation will only create inflation. even bitcoin has nothing to do with it, rich countries are usually the big whales in cryptocurrencies. common users cannot even pinch the current bitcoin price, only the big whales can dictate the current market. sad but true.
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why the state does not print a lot of money? than debt to other countries. is not it easier to make money than debt and ultimately burdens the state?
whether if printing money will have an impact on the money itself? or will it impact the value of the money in the eyes of the world?
You would have had the answer to this question had you been a part of Economics - 101! So I will explain the principle behind that. Suppose a country prints out lots and lots of money. Now this money is supposed to be distributed to every person of the country. Up until now their total income was say 10,000$ a month and they were able to manage their household expenses and save a little bit out of it. Now, they will have more in hand, let's say 15000$. That extra 5000$ is over and above their expenses and savings. So these people would now go outside and spend this money on luxury items. Same would happen for every household out there, and hence, this would result in increase in the price of the luxury items and hence inflation of every such product. Hence, a country has to keep the printing in check. The more money it prints, the more inflation it causes. good explanation, actually inflation will be dangerous once it crossed boarders of each country, every country has a monetary reserves, they can only print based on how many funds they have, printing beyond their reserves will result to a destabilized economy, more buying powers will decrease supplies, so countries will rely on importation but since their money once converted to foreign currencies will be undervalued, it will cost them more but will acquire products less. take a look at a dollar is equal to 45 pesos, it is a clear inflation though manageable, it is still a sign that your currency is undervalued. |
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There are so many scam projects going on. people are now afraid of joining ico.
1. i think ico should be removed. because the frauds have multiplied and people are now having difficulty in distinguishing the truth.
2. if there is no money to develop the project, please do not try to project it. also from the ico when it comes to the stock market is not 3k 5k. even lower than the price you get. because the investor does not know which one to buy.
3. no one is buying token, my regimen does not want to spend 3 or 5 years. when it gets 10% higher than it bought.
4. there are hundreds of projects in each stock exchange. Someone stop them.
that is why they call it Initial Coin Offering, it is just a project, an experiment. it is a test if someone will buy or not, the use of ICOs are to create more options or alt coins to grab a portion of the total market share, ICO creates competition among other existing cryptos, that is why we need them for bitcoin to appraise its market value. |
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I think the role of banks is always important and can never be replaced with anything, even though everyone controls transactions with bitcoin but business and industry will always rely on banks for costs and capital.
yes, banks are more economical and accessible by majority of users, cryptocurrencies will certainly develop into what banks are offering today, but let us be aware that cryptos are not yet widely accepted. and the fact that banks are based per country, the availability of services that banks offers are way to cheap than crypto transactions, people believe in what they see, physically, banks are everywhere, so it is difficult for digital currencies to penetrate the mainstream market. |
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Good question OP. Bitcoin should not be regulated in any way, period. However, it will be, and this doesn't bother me because deep down it cannot be regulated and we know that. So let the stupid senators make their laws regarding the exchanges and money laundering and blah blah blah. The fact that I can keep my coins secret, on a thumb drive, and transfer them across the world with nobody knowing means I care not what laws are plastered upon Mt. Gox. And strategically speaking, if the politicians go ahead and regulate parts of bitcoin, it will lend it legitimacy and help it become even more ingrained in the economy. It will build and build. This is much better than if the politicians outlaw it fully... and we know they'll either regulate or outlaw, so I prefer the former. And again, we know the meaningful essence of btc cannot be regulated anyway  i strongly agree, even they try to regulate it in whatever means, still they cannot, the whole system is designed to be decentralized, changing it would destroy the very essence of its platform, the algorithm is finite, they can try to decipher the series of numbers but they will not succeed. especially now that the users are exponentially increasing, hundreds of transactions per seconds, even the smartest computers cannot identify the users. |
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Hi guys, this just bother me long time ago, and just popped up recently..
What is the purpose of token?
I can not figure it out because I have one token before and I did not know how to use it and I can not even transfer it to bitcoin. I am just wondering why people keep inventing and creating so much token at all.
I hope I can get POSITIVE response and not some hates and negative one.
Thank you.
to simplify what tokens are, it is like a voucher that can be redeemed or used on a certain establishment who issued it, sort of a promotion to patronize their company, sometimes 3rd party company buys that voucher, that is where you earn a profit out of price surges. tokens are used to advertise a project, the more who buy tokens means more prospected clients. |
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I'm just curious when can I start buying my dream cars with altcoins, I mean can huge automobile companies like Toyota, Ford and Nissan start accepting cryptocurrency as means of exchange
dont get too excited, few companies are already accepting bitcoin as means of payments, if im correct porsche and bmw are some of them but for the brand you have mentioned, i think not yet, most of those brands are not yet capable in adapting blockchain, but if you insist, you can convert your coins for now to exchanges, convert it to fiats then buy your dream car, goodluck on the fee though. |
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As most of you might know that here, in India bitcoin is not considered as a legal tender.
As the Union Budget 2018 in India was announced on February 1 this month. The finance minister of India, Arun Jaitley's statement in that about cryptocurrencies in general was-
“The government does not recognise cryptocurrency as legal tender or coin and will take all measures to eliminate the use of these cryptoassets in financing illegitimate activities or as part of the payments system."
Here I just need to know why does the government not support cryptocurrencies. Gold is also not a legal tender and that too can be used in financing illegal activities but still it has a lot more advantages than this. Same as bitcoin has tons and tons of advantages for all!
What do you think about it? Is the government right for not recognising cryptocurrency as a legal tender! Or they should reconsider it?
it depends on which country, in india's case, they are not all out support for bitcoin because bitcoin is not widely recognozed by people, we all know that inda is a third world country, many people has no access on internet and maybe there are no merchants that accept bitcoin payments so it will not be possible for them to adapt cryptocurrencies. |
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The organization of specal events dedicated to the Bitcoin ans everything related to that for people all over the world can be good to make the bitcoin even more valuable.
i dont think so, having those anonymous users and bitcoin holders out in the open would definitely disagree, we can promote bitcoin without compromising the anonymity of bitcoin users, there are lots of ways but not this one, we dont want the tax people caught all the fishes in one pond right. and in fact no one would dare come out in public and being blunt about his bitcoin wallet details. |
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I'm no millionaire by any stretch of the imagination but I don't see the point of sharing my income to enable freeloaders. I'm sorry. I'd much rather share my torrents rather than my income. The idea of giving away free stuff and in this case money is idiotic.
Off course the idea of receiving free money is very alluring so there would be many who'd want this. Even if they don't want it.
agree, this sounded like an authoritarian to me, i think many rich men will not be supporting this. universal basic income is only applicable to communist type of government and miitary-ruled country, i could imagine how huge money they can milk out of the rich people, not fair not humanitarian either. |
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Former Manchester United and Real Madrid striker Michael Owen is launching a cryptocurrency in his own name, joining other famous sportsmen including Manny Pacquiao in a new venture to connect with fans. The retired England star announced Wednesday his investment in the Singapore-based Global Crypto Offering Exchange (GCOX) as he unveiled the “Owen Coin”. http://punchng.com/ex-england-star-michael-owen-to-launch-own-cryptocurrency/amp/Could this be a booster to cryptocurrency because these celebrities have big influence world wide and could invariably canvass more support for cryptocurrency. big yes, definitely will help cryptocurrencies to gain more trust and attract more investors, these ICOs are one of the many coins that is going have a potential to succeed. i think no celebrities will put their name at risk when promoting schemes or unsolicited coin offerings. GCOX will penetrate the crypto market in no time. |
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indeed this news will serve as a booster for cryptos to penetrate a certain countty, switzerland is known for being innovative and open for new tech, i am not surprise if they are the first country to try cryptos, hoping more country will also follow them. |
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