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501
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Economy / Economics / Re: The future of the paper money
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on: February 17, 2018, 10:36:28 AM
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Probably in relatively short time paper money will cease to exist.
But this doesn't mean that there will be a general bitcoin acceptation. More likely, governments will try to force people to use electronic centralized fiat money, as in Swedish. But this is the exact opposite of crypto.
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502
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Economy / Economics / Re: Do we need regulations?
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on: February 17, 2018, 10:33:25 AM
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NO!
In Satoshi's vision, bitcoin was a way to bypass regulation, and to let the market to be a self regulating system.
If we start to create regulating structures, will reproduce exactly the centralized model, whith the same problems.
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503
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Economy / Economics / Re: Will there ever be a Bitcoin Bank
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on: February 17, 2018, 10:31:10 AM
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The blockchain is a bank itself, so it doesn't make any sense to talk about "bitcoin bank".
But for sure there will be necessity of all kind of financial services, as loans, leasing, credit cards, and so on.
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504
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Economy / Economics / Re: You missed all the trains, not just bitcoin
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on: February 17, 2018, 10:28:04 AM
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Well, like it or not, life is just nothing but a series of lost trains: by definition, when you take a train, you lose ALL the other.
It doesn't make any sense to complain about lost trains; much better to look after which train you can take NOW!
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505
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Economy / Economics / Re: when you sell out of panic, you are contributing to the dump!
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on: February 17, 2018, 09:55:05 AM
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You know, some time ago I saw an interesting poster on the street, that said "You are not in the traffic, YOU are the traffic!"
For most people it's difficul to realize that thay are part of a crowd, and even if apparently the individual behaviour don't have influence, they push the crowd in a specific direction.
So, of course if you sold out of panic, you did a contribution to the dump!
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507
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Economy / Trading Discussion / Re: Don't Spend Too Much Time Trading? is that true?
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on: February 11, 2018, 02:39:57 PM
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When I started to trade in forex, I rapidly discover how addicting this activity was: you live in a world of charts, japanese candles, exchange rates, and start to neglect family, friends and your own health.
When I risked a nervous breakdown, I began to discipline myself, and now I stay in front of the monitor a fixed number of hours.
Take care.
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508
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Economy / Trading Discussion / Re: Raising venture capital by issuing an ICO?
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on: February 11, 2018, 02:29:04 PM
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ICO is the new way to rise capital giving coins instead of shares, because there is no the same control that there is with an usual IPO.
But this is the reason because in some countries ICOs are banned, and Facebook don't accept ICO advertising anymore.
You need to check the local legislation.
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509
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Economy / Economics / Re: You missed all the trains, not just bitcoin
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on: February 11, 2018, 02:22:59 PM
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Yes, it's true. Lot of people regret they didn't profit of bitcoin, but they don't look at the opportunities that there are now.
Of course, as it was with bitcoin, it very difficult to detect a winning coin BEFORE it wins!
You know, everyone could be millionaire, the day after....
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510
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Economy / Economics / Re: Can Bitcoin End World Poverty?
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on: February 11, 2018, 02:17:32 PM
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Bitcoin, as any kind of money, is just a measure of value, so it has nothing to do with the end of poverty.
If you are poor, it doesn't make a big difference if you have no bitcoin of if you have no dollars...
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511
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Economy / Economics / Re: Know Your Customer
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on: February 11, 2018, 02:13:05 PM
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I understand the need to control what happens on the financial market and the need to respect the law, but I think that it's really dangerous to give your full data and a copy of your passport to an unknown entity.
Think about what can do with them a bad guy on the deep web...
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512
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Economy / Economics / Re: The lack of financial education
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on: February 11, 2018, 02:06:40 PM
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I think that the lack of financial education is a disaster, but I don't think it's accidental: people are kept in their ignorance so governments can't do what they want and population don't understand when decisions are bad.
As Henry Ford states, if people understood economy, they would start a revolution immediately.
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513
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Economy / Economics / Re: What is The actual senses about bitcoin for common people ?
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on: February 11, 2018, 02:01:12 PM
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Yes, I agree. It's difficult to accept, but out of this community, the vast majority of people has no idea of what bitcoin is, and you can bet that lot of last hour "investors" don't know anything about blockchain or decentralization, they just jumped in with hope of easy money. Like it or not, we are a microelite of pioneers. But this is not bad, because it means that bitcoin is just at the beginning, and we have a fantastic advantage over the other. As a matter of fact we know online currency is popular in virtual community cause they uses of virtual currency is common for online based work. This digital currency is not so much popular for those people or local people who are not related to online based work. They have no idea how online currency increase economical condition day by day.
But from few years people are more interested about digital currency and online based activities only because of its several benefits.
Now a days we can hire skilled worker from all over the world and also can provide different work at the same process cause they don’t worried about money and payment system.
So on above this conversation common people are more interested for online currency.
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514
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Economy / Trading Discussion / Re: I dont like daytrading
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on: February 11, 2018, 01:10:12 PM
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Day trading is a very risky and stressful activity, with a lot of adrenaline, so I understand if you don't like it.
But with a so high volatility, if you are a skilled trader, it can be your passport to riches.
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515
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Alternate cryptocurrencies / Altcoin Discussion / Re: Can world Government Kill Crypto?
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on: February 11, 2018, 01:04:57 PM
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Governments can't kill cryptocurrencies, but can make their use illegal and dangerous.
But I don't think they like this solution.
The don't want to kill krypto, the only want to control and to tax them.
When they'll find a way to achieve this result, there won't be any need to ban or kill bitcoin.
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516
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Economy / Economics / Re: it is possible fiat currency will crashed?
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on: February 11, 2018, 01:00:59 PM
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Sorry for your optimistic view, but currencies have crashed in all course of history, even in recent time (ask to argentinian or venezuelan), and you can bet it will happen again and again. No.as of now it is imposible that the fiat currency will crashed.
Because, majority of people all over the world were using fiat.
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517
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Economy / Trading Discussion / Re: Trading Signals
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on: February 11, 2018, 12:51:08 PM
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Discussions between traders can be extremely useful, and sometimes an advice can help you to make a big gain or to avoid an expensive mistake.
But to trust a commercial site who offer payed advice seems to me a pure nonsense.
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518
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Economy / Economics / Re: Taxes and crypto.
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on: February 11, 2018, 12:34:22 PM
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The real problem is that the blockchain is a double-edged sword: at present, it assures to you a good level of anonymity, but in the same time keeps trace of any transaction.
If the tax authorities can make a connection between you and an address, they will have the possibility to know all your past movement.
So, the problem is not now, where it's not difficult to hide what are we doing, but in the future.
So, be careful.
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519
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Economy / Economics / Re: Time is money, how you manage your money and time ?
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on: February 11, 2018, 12:28:40 PM
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You can't manage the time, you can only manage yourself.
There are a lot of time management system, but none of them works if you don't have the discipline to apply it diligently.
The same is for money. Basic accounting requires only elementary math, but it seems that for a lot of people this is a mission impossible.
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