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1141
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Economy / Economics / Re: What is occurring when someone sells 1 BTC at a price lower than he/she bought?
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on: September 15, 2017, 08:08:05 AM
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There is no chemistry in the trading and investment world mate! You just lost ~$103 USD that is what it means. It was not used by anyone it just went to bitcoin market capitalism from where it was coming as people are investing continuously on the blockchain. The enthalpy remains constant if you know it very well. You neither helped anyone as you bought at higher price but someone might have bought it at even more higher rates and list their money into circulation. So you are not sure how much you contributed back, you may or may not. But in simple words you lost your money.
Definitely. I think there will hardly be anyone who will wish to lose his very own money which he invested to earn a good profit. But there can be certain reasons due to which one can sell his BTC in a less rate. Similarly there are chances of occurrence of such scenario but of course the chances are that much. |
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1142
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Economy / Economics / Re: Can Bitcoin End World Poverty?
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on: September 15, 2017, 07:25:30 AM
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I think that bitcoin will not set an stop to entire world poverty, simply because it is funds that you want to generate. In nations the place there is no Web, they simply can not even see bitcoin.
Exactly, it is not all the economy which makes the people poor or rich but a lot of factors as well as you mentioned. As far as ending of poverty is concerned, I think Bitcoin can play a vital role in it but of course it cannot do it all alone. It is just not possible for Bitcoin to end up the poverty. There needs to be other ones too who need to play their parts. |
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1144
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Economy / Economics / Re: Maybe governments can stop bitcoin after all
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on: September 13, 2017, 07:20:52 AM
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I am very positive that this will not happened after all. For as long as bitcoin is being used well, these deeds will accumulate what it deserves. Usually people in the government leading them are those not really aware of the new things we have now in our society. By just educating them perhaps will help.
I will second this statement as we all know the uprising of the bitcoins internationally. A time will come when there will be more profit in transactions through bitcoins over other fiat currencies so the governments will themselves try tomerge their businesses into it. |
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1145
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Economy / Economics / Re: Some things to consider before starting a business
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on: September 12, 2017, 06:17:06 AM
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There are many things to consider and must have before starting a business. 1. Intentions, 2. The science of business to be built, 3. Capital, 4. Sales or marketing strategies, and 5. Strong mental and not afraid to fail 6. etc. I think the five things that must be considered before start a business, I just think in general, because I also want to start a business but I personally only have "intentions" only and I do not have the basic skills to start a business. it's sad   Don’t be sad at least, mate. You can start business in a team if you are lacking some of these skills. The most important thing is to have some goal and intentions to work for achieving it and you have both. So no need to feel blue! Just smile and keep working with bitcoins to make money. After you make a good profit, go for business. |
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1146
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Economy / Trading Discussion / Re: Is Shorting profitable???
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on: September 12, 2017, 05:02:02 AM
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Have any of you got benefit by shorting?please share your thrilling experiences.
Yes it is definitely that shorting is a profitable thing if your prediction is in the right thing. But since we all know that trading is very unpredictable were not sure 100% if our prediction is precise. Which is risk was very high were it can wreck you down too,. Very well said! I think shorting can be profitable but it all depends on how good you are at predicting the things accurately. If your prediction sense is good and are confident enough that you are making a right decision, only then you can get profit. Else you are going to lose your money. |
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1147
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Economy / Gambling discussion / Re: Are the Big Gambling sites paying taxes?
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on: September 11, 2017, 03:46:58 PM
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Of course they do pay taxes. To not be banned they they open an official firm which should to take a licence for gambling activity. Everything should be paid and all papers should be on place to a big gambling site could work. In the other case it's activity sooner or later will be cuted by government's controlling structures.
What the hell! Governments are highly involved in ruining the lives of people. When they know people end up living on streets, why they allow such sites to play with lives of people. When we know something is addictive, it should be not exposed publically because everyone does not have good self control. |
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1148
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Economy / Marketplace / Re: Buying clothes with bitcoins?
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on: September 11, 2017, 03:18:04 PM
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i think we need more time to sell hardware things by btc because it is illegal in some countires so that it depend on location
Exactly! It entirely depends on location. But I think there are very few places at present in the world from where you can get the clothes by giving up your Bitcoins. I think you will surely feel a change in coming days and there will be much more traders who would be dealing in Bitcoins. |
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1149
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Bitcoin / Bitcoin Discussion / Re: Almost All Cryptocurrency have fallen
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on: September 11, 2017, 11:02:53 AM
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I think it was only a matter of time when something like this was gonna happen. Let's see how they recover from the hit, maybe it is going to be just a necessary set back to get to new highs again.
I don’t think so. Because as we all see that the people are investing in high volume, so how can it be said that almost all the cryptocurrency have fallen. May be other cryptocurrency have fallen due to non-investment and no popularity and not welcomed all over the world, but in case of bitcoin this statement is totally false and there is nothing to accept in this statement. So not all, bitcoin is safe and secure. |
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1150
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Bitcoin / Bitcoin Discussion / Re: Not free to transfer bitcoins?
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on: September 11, 2017, 10:26:22 AM
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where do you hear that bitcoin is free of charge when transactions transfer?
I think maybe you misunderstood the information.
Lmao… it’s likely he came across an old bitcoin post on the internet, which the author never took the responsibility of updating his posts. This time around, sending bitcoin from one wallet to the other will cost you a fee. With the current rate of $4,500+, we need to pay as fee around $5 or so. This is really a joke that bitcoin transaction is free of cost. I have never heard about this and it will never be free, because the management and controllers and the brokers who does transfer for you are not setting there for free. They are also working for money and this is their job to cut some amount on your transaction. It is done all over the world not only in bitcoin but trading and transferring any digital and paper currency. |
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1151
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Economy / Trading Discussion / Re: What to do when prices are falling
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on: September 11, 2017, 08:52:43 AM
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As a crypto OG I will let you in on a secret. All these coins have cycles. It took me a bit to figure it out but theres one rule to winning and its very simple.
DO NOT SELL AT A LOSS
Just don't. Unless you desperately need the BTC to sell for fiat, just hold. I can't even count how many times I got burned in my early days by panic selling. You are playing to exactly what they want you to do. Imagine crypto as one gigantic manipulated game. We are just mere pawns to some of the whales, but if you have some patience and an iron hand, it usually works out. In fact I can't think of one coin that I would NOT have made money by holding. XRP, LSK, CLOAK just to name a few.
Think of it like this. Whales usually have large stacks that they got super cheap (or free). They dump the price waaaayyyyy down to get Ol' Johnny Boy (you) to think their investment is lost and they better cut their losses and get back what they can. WRONG! You should be buying small amounts all the way down. Eventually, it WILL go up as long as the coin has an active dev team and at least some community interest.
If my average price is high and I can afford it, I will usually buy the dips. Small amounts all the way down. Lower that average entry price. Then HODL.
I have a Google spreadsheet I make with all my buys on it so I can see my average price. Then I have it auto query the current price from an exchange. This way I can keep track of my P/L across multiple coins and exchanges in one sheet.
2nd big rule is diversify your bonds nucka. Don't put everything in one basket. You WILL lose on some coins (temporarily) but win on some. It helps you see an overall picture of your P/L and give you more faith to hold through some losses.
Hope that helps a little!
Thank you, I wish I read it in my early days. Solid post. I would like to modify it for you. Hope you will like it. When prices are falling, the only thing you need to do is buy more... This is what smart people do. One more thing that I would like to add is, take this action if you are going for bitcoins, for others do it on your own risk. |
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1152
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Economy / Economics / Re: If you have a lot of bitcoin, should you spend it or save it?
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on: September 09, 2017, 09:45:20 AM
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Im assume what the Op means about A LOT are worth to Millions.  , I will gradually turn my 100% bitcoin profit into cash were i can spend it wisely and save the rest directly to bank RATHER than holding it again for a long period of time while waiting for another skyrocket price hike. If I had a lot of bit coins I would rather spend it on some useful work to have a better life style. It will be a blessing in disguise for me to have a lot of bit coins. I might be saving some of them for my future and investing them in a smart and efficient way. |
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1153
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Economy / Economics / Re: Is the economy situation in your country that bad?
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on: September 09, 2017, 08:24:22 AM
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It seems there are bad news all around with doom and gloom. Trade figures going down, jobs cuts, security situation not going well, and bad loans.
Is the economy situation in your country that dismal? Or this is just some fear mongering?
All being said, it's not amazing in the UK. Particularly for small businesses. Blockchain has made equity crowdfunding possible which as we're seeing with ICO's and token sales, is creating waves of innovation and we can only hope that these projects produce tangible results in time to help boost the economy and create some stability as the global banking system does it's thing.... Some of the Etch team are actually speaking with people at the Houses of Parliament in London next week to discuss how this new equity crowdfunding model works. In addition to a bit about how our platform can help create financial security in people's lives. Wish us luck! Not at all! My country is going towards economic stability soon. It will be creating the strongest and most stable economy of the world as soon as CPEC gets completed. Although my country was experiencing economic instability due terrorism and other factors but in near it will become most stable economy of the world. |
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1154
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Economy / Economics / Re: Moment for buying or selling?
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on: September 09, 2017, 07:42:41 AM
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a good moment is to buy at the time the price goes down and sell at the time the price goes up, but do not sell all, hold some who know the price will still be high again
Yes indeed, the exact time to buy is when bitcoin prices go down, and sell them when bitcoin prices rise again. But out of half the sales you invest in the long run, you can make huge profits and half of that you convert into official money. so you can enjoy, while waiting for return on investment. Each and every moment counts for a trader. No one can fix any moment or time for buying or selling bit coins. It is best to buy bit coins when prices are lower in markets and to sell them when prices are at its peak. So one should be active and a good analyst of market to have best trading options. |
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1155
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Economy / Gambling discussion / Re: Gambling and Superstition
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on: September 08, 2017, 07:02:35 AM
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I do believe in superstitions sometimes. Like what you've said to wear favorite shirts, to wear shoes that has experience in winning or you wore when you won a contest or something. And sometimes you just call it a lucky shirt or shoes. Still, while believing in it a part of me does not convince to believe. I mean there is a big difference in gambling and superstitions. And at the end of the day, your luck will tell you so.
If you believe in luck you will do superstitious things sometimes. It's not new to us especially for those who are long time gamblers, although we value our skills but we do believe in our luck as well. It is a famous saying, "If you will think positive, good things will happen to you". If people believe in superstitions then there life will revolve around it. We cannot deny the luck factor in any case and if a gambler wins more in slots or dice, then obviously his fate is on his side. |
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1156
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Economy / Economics / Re: What is occurring when someone sells 1 BTC at a price lower than he/she bought?
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on: September 08, 2017, 06:32:23 AM
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i think selling your bitcoin with a low prise than you have bought is not a good idea . Even you want to exchange bitcoin into a USD .cause we all knows that bitcoin has a chance to rise even its crashing sometimes. . If i was you i didn't waste my money for nothing and wait for the time to sell. So not repent after that. Who knows? What if after you sell your BTC to USD and you didn't notice that bitcoin suddenly rise in higher value.? Haha so wait for the right time to sell . Best Regards
You are right. No one will ever want to have a loss by selling his Bitcoin at a low price that he had bought. I think there are very much less chances of this thing to happen. You can expect it to happen in a case when someone is really in a need of money and he has no other option than to sell them. |
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1157
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Bitcoin / Bitcoin Discussion / Re: What is your basic requirements to do bitcoin/altcoin job?
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on: September 08, 2017, 05:22:20 AM
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I'm currently part of a signature campaign and I think you're gonna be needing at least some knowledge about bitcoin so you could post on threads and share you're opinion about bitcoin or the thread's topic. You'll also be needing a bitcoin wallet, internet connection and an internet capable device.
I remember, once I was also a participant in signature campaigns. I was really happy with my earnings and I had all these things that you enlisted. I think repetition is unnecessary. Signature campaigns are fun and help a lot in earning bitcoins without investment. |
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1158
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Economy / Trading Discussion / Re: What is a whale?
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on: September 08, 2017, 04:47:43 AM
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A whale is nothing more than a rich guy or bot that affects the market of a coin by simply buying over time when the price is low(accumulating) when he has bought enough usually they make an announcement that the coin is gonna moon, once people are affected they buy and buy till price of coin is doubled up or maybe trippled up, once the price is high enough a whale dumps the coin selling it and getting away with profits, the buyers who bought at high price have now made a loss since they sell it for a much cheaper price..
That's true. All those creatures that can affect the price of our assets are called whales. The word "whale" is used for millionaires to because of the huge amount they possess. Obviously, money is also a form of power so they are powerful guys who bring dramatic changes in market. |
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1159
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Economy / Economics / Re: Government & Bitcoin
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on: September 05, 2017, 08:14:34 AM
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Government or no government. The ideals of Bitcoin is simply unstopabble.
That’s true! But governments can have impact on them. Bitcoins can be somehow disturbed by these corrupt governments. They don’t really want people to live a life of their own choice especially monetary freedom of public is not digested by governments at all. Governments and banks are really scared of bitcoins. |
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1160
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Economy / Economics / Re: Government & Bitcoin
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on: September 05, 2017, 08:13:20 AM
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Government or no government. The ideals of Bitcoin is simply unstopabble.
That’s true! But governments can have impact on them. Bitcoins can be somehow disturbed by these corrupt governments. They don’t really want people to live a life of their own choice especially monetary freedom of public is not digested by governments at all. Governments and banks are really scared of bitcoins. |
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