641
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Economy / Economics / Re: Is Bitcoin Volatility A Bad Thing?
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on: January 14, 2018, 08:24:59 PM
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Bitcoin volatility is a good thing if you are a good and experienced trader, because can produce huge gains. But in the same time it makes bitcoin still unusable as usual currency because it would be a nightmare for accountants.
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642
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Economy / Trading Discussion / Re: Day Trading (Scalping) and Long term trading
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on: January 14, 2018, 08:20:05 PM
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Scalping can be very profitable, and it's also a lot of fun (just a kind of videogame). But it need your full attention, so you have to decide a specific time to dedicate at this activity. In long term trading, you just buy a currency, and check periodically what happens. Relaxing, but boring.
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643
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Economy / Economics / Re: Government & Bitcoin
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on: January 14, 2018, 07:02:01 PM
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Governments at present don't really understand the impact that bitcoin and cryptocurrency will have on economy and - much more - on politics and life style. I predict histerical reactions... :-)
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645
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Economy / Economics / Re: Can Bitcoin End World Poverty?
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on: January 14, 2018, 03:05:03 PM
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Not at all. Bitcoin itself hasn't any value, just as fiat money. It can be used only to transfer value. If you are poor, and don't have nothing to Exchange, bitocoin or dollar don't make any difference.
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647
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Economy / Economics / Re: Why You Should Never Sell Your Bitcoins Ever
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on: January 14, 2018, 02:52:05 PM
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Any economic decision is taken in a specific moment: it doesn't make any sense to discuss it when the situation is different. Nobody knows if bitcoin will rise again or if it will crash, but "never sell" is a bad advice.
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651
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Economy / Economics / Re: BTC is a roller coaster
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on: January 14, 2018, 02:24:42 PM
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Yes, and this is the fascinating part of the game. With so high volatility, you can make big bucks just with some hours of scalping.
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653
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Economy / Economics / Re: Government & Bitcoin
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on: January 14, 2018, 12:58:00 PM
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Governments and bitcoin are incompatible by definition, as bitcoin is just a way to avoid government control. If in the present it seems that there is a kind of acceptance, is because they try to put their hands on the blockchain
I agree. You can bet that in short time they will try to put all kind of rules and limitations.
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656
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Economy / Economics / Re: Bitcoin and not Paying Taxes
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on: January 13, 2018, 07:54:46 AM
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Well, until bitcoin are only online, a taxation is a nonsense (bitcoin are just some points of a strange videogame) When you convert them in fiat money, they become a value and government can do something. But if you act smart, there is a lot you can do to not be caught...
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658
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Economy / Economics / Re: Government & Bitcoin
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on: January 13, 2018, 07:39:49 AM
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It's difficult to make predictions; governments have the power, of course, but with blockchain technology and anonymity it's difficult to exercise it. We'll see what bureaucrats will invent to stop us.
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659
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Economy / Economics / Re: Government & Bitcoin
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on: December 24, 2017, 12:33:39 AM
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I'm very curious: I think that government will try everything to boicott bitcoin, then probably it will find a way to control it (now in europe there is a discussion about creating a "global database" of bitcoin owners... Very funny, we'll see :-)
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660
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Economy / Economics / Re: Bitcoin or gold?
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on: December 24, 2017, 12:10:29 AM
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They are two different kind of value store: it's a long discussion, but in two words: gold is the safest thing on the earth, as it works from 5.000 years, but it's not an investment. Bitcoin is not so sure (what if a nuclear war starts and the net stops?) but it's a much better investment.
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