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681  Economy / Speculation / Re: Bitcoin price and financial crisis/downturn on: September 06, 2017, 11:49:48 AM
Hi,

Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)

in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable

Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?

thanks








Interesting scenario.

Actually since bitcoin is decentralized i think that would be what saves bitcoin from being negatively affected by the financial crisis. Usually in the financial crisis, especially if it is inflation based people are looking for a safe currency that would store their wealth in the long run and not having to worry about it in the long run.

Bitcoin is perfect for this purpose. Commodities and stocks will be worst hit, but bitcoin probably will actually going up because of the increase demand in something that people can safely put their wealth in and forget about it and know that nobody can print more of it infinitely.
I am agreeing with you in a situation like bitcoin previous and present value and position in the world market. I think bitcoin price will never construct with the financial crises, because it totally depends upon the demand of the people.

If the people want more and more bitcoin to buy and save it for their future then financial crises around the world will never affect bitcoin price and value. One thing that if people have no money due to financial crises then its demand may be affect.
I definitely agree on that because the situation right now is somewhat in a cycle only. The important thing there is that the sense of being imaginative and creative in selling,trading and buying bitcoin. We all know that many of us are depending on it while working our different tasks on a daily basis. Yes it's true when there is financial crisis that is going on with our main problem in the society. People as we are having hard time to negotiate face to face especially when we deal with many newbies to invest. On the other hand,I can see a progress with the crisis that each on of us are facing because it can truly help us. The coin that we earn is really precious and it can even save someone's life. I know some of us here are telling that it would turn down but for now let's take it easy.
682  Economy / Speculation / Re: Bitcoin Can be $5,000 Again? on: September 05, 2017, 07:45:27 PM
Bitcoin prices have increased again, the spirit and optimism is always there on bitcoin.
I'm sure bitcoin can hit $5000 this year, let's watch it!

Confirmed here mate based of the price personal price monitoring I had, there's a bigger potential that nearly $5000 has a possibility to be achieved since price now is continually uprising after fluctuations did happen lately. The people doesn't really care for the rumors and negative taught, all they wanted is profit and long term investments is the greater way to make it. They don't dump unless their goal isn't achieve and no reasons to do it such us emergency spending is not that needed, they will continue to hold their assets.
683  Economy / Speculation / Re: When do you think the BTC correction is coming? Is a crypto crash coming? on: September 01, 2017, 12:03:36 PM
i sometimes wonder what different people who ask questions like this imagine a "correction" is. i hope OP can shed some light on this.

what do you expect out of a correction? lets assume price is $5000 right now. how big a drop and in what time frame would you call a "correction"?

down to $4800? $4500? $4000? $3000? maybe $1000? or maybe 2 digits again?
a 5% drop? a 10%? 20%? 50%? more?
1 day? a week? a month? how long should this drop last before the next rise so you consider it a correction?

Bolded - Simply never going to happen.

There will be a correction, there always is but they've been microscopic lately in the big scale. Bitcoin goes up up up, zoom out and look at a chart since inception.

i am not asking what will or will not happen!
i am asking what they expect out of a "correction". i am just trying to figure out why people don't see the corrections that have already been happening.
for example the 20% drop that happened from that time's ATH 9-10 days ago. wasn't that a correction? or should price drop sharp down to a ridiculously low number and stay there for 6 months so that they can call it "correction"?
I don't think bitcoin will crash as above mentioned, correction is happening little by little already. This doesn't mean that it will forever be gone but this is only a challenge or somehow a strategy to make the demands more stronger for bitcoin. Recently, the price has reached to 220 thousand dollars above. Then, that's a lot difference after August 1st came. Probably it will last till the end but not too close this year because many of us have invested our time in earning our bitcoin. Sooner we want to become more successful people, together we can make it.
684  Bitcoin / Bitcoin Discussion / Re: Who is Satoshi? Why did he hide his identity? on: September 01, 2017, 11:38:17 AM
Why did Satoshi hide his identity? Has anyone seen Satoshi in real life?
Is Satoshi one person? Or is it a community?
For me he hide his true identity he wants a normal life because if he expose her true identity many people will have interest in her life like terrorism and criminals. Her life and his family will prone in death.
I have a question to.
Is he true lived in japan or speculation only ?
We have a similar point. In addition, maybe because Satoshi doesn't want to be famous. Not all millionaires are flaunting how rich they are in the society. Maybe Satoshi is one of those millionaires who are very humble in dealing with money. Also, he wants to extend his or her help to others on how to have a better living despite how difficult to handle life everyday. Commonly, money is the main source for basic commodities or maybe he has experienced how to be poor in the past that's why he created bitcoin.
685  Economy / Economics / Re: Some things to consider before starting a business on: September 01, 2017, 11:18:27 AM
I think that trade is a job that requires a lot of factors, and it is tied to all the changes in the money market. For bitcoin and all altcoins, the value is always changing, we need to learn how to capture the moment accurately. In addition, we also need assertiveness to make timely decisions. Lastly, what you must have in order to be able to trade.
Perfectly said. These are things which matter the most before you start some sort of business. You cannot do anything in a better way till the time you don’t have an idea of what to do and how to do. You need to be a learned man.
Indeed. Let's aways put in mind that when starting a business, you have to think the location all the time so that customers won't be hesitant to purchase of the products yoi are going to introduce. For instance, you already have the budget for a particular kind of business but what if the customers don't like the products so it's still a waste. So in order to not to be wasted for your effort. You have to consider the accessibility of customer's security whenever they visit a shop.
686  Alternate cryptocurrencies / Altcoin Discussion / Re: What if all coins disappear?? on: September 01, 2017, 10:39:48 AM
Maybe it will be the end of everything, you can imagine when there is no coin? what era is it? we have to go back there? I do not think it will happen, the coins will continue to exist until the end later.
If all coins will disappear then that's the end of all hopes of everyone when all of us dream to end our poverty. It's difficult to start life again without the digitized money. Though there are any sites like networking which gives an extra income but that's not really profitable than earning coins through bitcoin's outcome. Like me, I hope that one day I could have my own lot area because it's really hard to earn money in my place despite the competition of job application. I almost lose hope when bitcoin didn't exist but because it came to my life, I find a new companion in achieving y dreams in life.
687  Economy / Trading Discussion / Re: Does Bitcoin have a future? on: September 01, 2017, 09:20:42 AM
Yes, bitcoin's future is very promising. As we can see from the past few months, whenever bitcoin prices go down it almost immediately recover its prices. Now this is a good indicator of a good investment.

Yeah thats right and there's no question if bitcoin does have a future because obviously it does have, Just by visiting the announcement section and looking for the startup companies that are investing on bitcoins, There is so many of them out there and it means that more companies and more job to apply as a translator or signature campaign's, Actually bitcoin is helping everyone.

That surely is. There's no wonder if bitcoin's future is upgrading.  The digitized money elicited supporters from other people who became part of the phenomenal cryptocurrency in this generation. Normally, we only use cash on hand but when bitcoin came, it plays a wonderful role in every places you live in. When we talk about business, bitcoin can relate to it and even in trading. It's an edge for everybody's life to join the world of the newest money through wallet just using a phone. This will give people a break in using the easiest moneye instead of using bulk or tons of cash in your pockets.
688  Bitcoin / Bitcoin Discussion / Re: Have we underestimated Bitcoin? on: August 31, 2017, 11:24:34 PM
OP has made a great statement. Don't fix something that isn't broken. There are sure to come changes to Bitcoin in the future, but the wheel will still be the same.
For me, I don't underestimate bitcoin because from start of using it, I became satisfied and alive because I can now help my parents in my own little ways. It may be not full but because I can trade bitcoin it makes it more profitable so I have no worries on that. On the other hand, it takes some risk because of many speculations that surround so as of this time we take consider of the time that we have to spend on so that you won't regret at the end. Underestimating a new thing like bitcoin is just throwing away a new blessing.
689  Economy / Trading Discussion / Re: Btc = you make me tired on: August 31, 2017, 07:06:22 PM
If you believe in bitcoin that it can help you in so many ways, well even it makes me tired that's fine with me. Bitcoin cannot disappoint me in such a thing but it always makes me give satisfaction in several methods.
This is your believe I suppose. By knowing all the ifs and buts of bitcoin and this is amazingly increase the profit and make you more strongly financially, then I think you must accept the reality of loss along with profits.

Risks are there, losses are there. Just don’t disappoint and don’t get tired, there is much more after this break.
Yes, sometimes it makes someone tired especially if you are working two things the same time in other words,multi tasking way. For example, working in a company and after work, do the things in accordance to bitcoin'standard for sure you'll do it at home so the pressure that you got from work may brought home. So in dealing with your time management, make sure you have everything you need. Set a goal when is convenience for your time with bitcoin and make sure to complete everything in hand before the deadliest time for the campaign for it is difficult to retrieve.
690  Bitcoin / Bitcoin Discussion / Re: Discourage by our country. on: August 31, 2017, 04:04:15 PM
Why it is that Bitcoin is not accepted in our country (Nigeria)?

Not only in your country still a lot of country i think did not accept bitcoin but dont worry for now they are not accepted it but in the future they are accepted it just like the other country also
As per my knowledge about Bitcoin, only have Japan is country accept Bitcoin on the world at now. Because most other country consider accept Bitcoin or not, they worry in someday all people in their country use Bitcoin and avoid taxes fees, if that future become true, they cannot develop their country.
I haven't heard any news about bitcoin in my country that is discouraged. As of now it is really lenient towards others. I notice several times when I share my story about bitcoin with others make the uncertain to believe because they were once a victim of scams so they are particular of suspecting the kind of monkey business that it brought to us bitcoiner. I guess it will change their minds if I will show many proofs and will help them on a daily basis in discussing bitcoin to them in a gradual mode.
691  Bitcoin / Bitcoin Discussion / Re: Is bitcoin is the new era of currency? on: August 30, 2017, 11:30:02 PM
I think bitcoin might be new era of currency but not in so close future ...
There is still a lot of work to be done and a lot of people to know what and how ....


But I would say that bitcoin STARTED the new era of currency and what/which coin will be the one mosly used in real life in future is still to be seen
I think it's the new era currency. The main problem is other people don't consider it as money. They are always hesitant about bitcoin's achievement for many years. Not all people are open-minded regarding this matter. They have to think more and more before they finally engaged in bitcoin's world of earning cryptocurrency. The fact that they always think of the risk might stop them from believing. In addition, they always expect for higher profits even if they haven't started yet. Furthermore, it's difficult for them to entrust the name of bitcoin in the society.
692  Economy / Trading Discussion / Re: Is Holding Bitcoin a long time good way to make money? on: August 30, 2017, 11:05:04 PM
this post 2 years ago. when price is 400-500$ as I remember.. when price deep to 250$ many people leave crypto world. And now they will be sad because they decision
In fact a year ago Bitcoin was in price even lower than 5 times. I think that many who invested in Bitcoin Last summer, today rejoice at the amount of income that they received. Of course for traders this is a very ambiguous situation. But I think that there are still ups and downs, when you can make good money on the difference.
I think it is good because bitcoin has proven a lot already for years onwards. Same situation of my brother, he hold his bitcoin for three consecutive months and he didn't mind for the drops because he knew that it will still increase at the end of each months. Until now he continues to hold his other bitcoin's have because he also put up a sort of business and negotiations with the rest of his profit. He keeps doing it for the sake of future needs for his own family. It's hard to earn from his job knowing that deductions of his income bloat. Therefore, he chose bitcoin as his partner to live in a balance mode.
693  Economy / Speculation / Re: Bitcoin price prediction on: August 30, 2017, 10:31:41 PM
BTC The price for beginning of September 4619 Dollars. The predicted maximum price 5273 and minimum 4583. Averaged price for month 4851. Bitcoin at the end 4928, change for September 6.69%.

Quote
Year   Month   Open   Max   Min      Close   Average   Month%Ch   Total%Ch
2017   August    2861   4942   2650      4619    3768   61.45%             61.45%
2017   September 4619   5273   4583      4928    4851   6.69%             68.14%
2017   October    4928   6116   4928      5716    5422   15.99%             84.13%
2017   November    5716   7095   5716      6631    6290   16.01%          100.14%
2017   December    6631   6631   5538      5955    6189   -10.19%         89.95%


if I think it is still very far to reach $ 5000 because there is still much to be done bitcoin.
How did you do that? You got information that is really interesting that has percentage of fluctuations and the rise of the price. I hope not too much high because others can't get enough payments and can't afford. That's a sad thing to make it work. However, if you offer to have seasonal increase and fall that would be better so that we can be ready for the upcoming risks in order for us to be aware at all times and nothing to worry. In that case, we are going to be well corporated in terms of discussing other people about bitcoin's world.
694  Bitcoin / Bitcoin Discussion / Re: What were your experiences with Bitcoin when you first started? on: August 30, 2017, 09:58:04 PM
I was so thrilled to earn bitcoin when I initial noticed it.I was so enthusiastic to devote it also
Same here and also I was a bit scared and happy at the same time to be a member of it. It is really challenging because I have many dreams that's why I chose bitcoin for the sake of investment and fun at the same time. Everytime I post about bitcoin, or other information related to it, makes my day a great deal because I am not expecting that I will be paid for it. In my mind, it is new and unbelievable for me to get some cash from it or I'm earning from it. I'm thankful enough that I become one of the millions or billions of members in this cryptocurrency world.
695  Economy / Speculation / Re: Will Bitcoin value crash if North Korea goes to war with Japan on: August 30, 2017, 02:51:43 PM
Hey guys. With North Korea sending one of their bombs flying over the island of Japan it made me realize what happens to the value of Bitcoin if a war breaks out.

If North Korea attacks Japan will it send the value of Bitcoin crashing down or will the opposite happen? 

Let me just also clarify that I do not wish for a war and hope the value goes up in a peaceful environment.
Statistically speaking, if location wise perhaps this is a minimal case on that since North Koreans don't have a strong economic system. They are known t have a less fortunate part of Korea with their President who abuses their rights most of the time. That's only a probable cause and thinking about the brighter side of bitcoin now means so much satisfying for it booms farther more than the war that will happen in Japan versus North Korea. However, Japan has a nice administration so definitely, it would be hard for North Koreans to attack Japan in that sense of stupidity. Crashing down case is highly not sufficient in that state because of war, bitcoin will still sojourn whatever incidents may occur in a certain location because it's not bitcoin's loss it's both countries that wants war.
696  Bitcoin / Bitcoin Discussion / Re: Bitcoin in Asia on: August 30, 2017, 02:27:11 PM
How common is Bitcoin in Asia? Just want to know Huh
]
bitcoin now in asia is now being popular accross sa nation and it is slowly be recognize in different countries now and few more years to come the restos and hotels and many markets will be soon accepting it so it will be good that asia is now currently aware in bitcoin and many people will now start using it.
I knew it and I think the rest of the countries not only in Asia. Though I really don't know where is bitcoin originated from or who is the founder of it. Why is it a delicate thing to handle everyday and being skyrocketed price nowadays. I wonder if how will it change the lives of people in centuries if eve bitcoin would be accepted all over the countries. Maybe, it will go through a lot of hindrances specially from the hands of governments since corruption is rampant until now. How would it be secured 24 hours and the changes of the economy since it is a crypto currency. Will it be rewarding until years pass by or will it be neglected from government for they can't have a percentage of the income from bitcoin. That's a long process for the said continent the more in other countries
697  Economy / Trading Discussion / Re: Dividing your salary. on: August 30, 2017, 02:01:38 PM
I don't see any reason why anyone should even divide his salary on bitcoin investment where what  you need is the initial capital and with the right information and strategy, engaging in trading you are quick to double the amount and even make more than the entire salary itself depending on how much you earning though because it seems a lot of people who want more aside their day job engage in cryto-currency.
No, there is need of dividing salary. What you are talking, it is all about those who are well-settled personnel. What an average man do, he must have to divide all the salary into junks for managing his life. Family, education, children and many things are there. So one must have to divide salary into definite proportions. Deal with that only one part reserved in crypto.
Right. When I was working, I keep on dividing or have a fair share for my salary because it's difficult to manage if you have a small amount of salary that you can only spend for a couple days which only enough for your meals but since I have many mouths to feed including my family and grandparents, I should better divide it in order for me to discipline over spending. I had spent a lot of unnecessary things when I have still enough money and I wasn't able to save for my future use. When problem strikes me, I had no other choice but to give up worthless things that leads me into distraction. So as early as you can, keep saving money and keep dividing your salary while you are still in the spot of bitcoin world.
698  Economy / Speculation / Re: Bitcoin could realistically be worth $500,000 on: August 30, 2017, 01:06:32 PM
Well OP! Don't mind me but can you be a little bit more precise in your comment. It took me some time to read it and really I felt dizzy at the end.
If such great businessmen have passed certain statements about BTCs then a humble guy like me does not need to speak much. Still, let me, BTCs can be 500k dollars and it's just a matter of time. If we talk about threats, in tech world, every invention faces such troubles.
That's too much. If that's the worth then probably people are having hard time to sell and if somebody to buy for that amount too. It would be hard for people to make that worth and could it be possibly increasing still? Because 500 thousand dollars is really big to buy if the person mostly depend on twitter or trading site. Of course it will give impact to them not just because of the amount but also the status that they are facing in the economy better if they also have other sources like own business or a job. Lucky if the investor has enough amount or has already have wealth since from the start.
699  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 25, 2017, 01:03:30 AM
I'm surprised that we are going up. I exptected a drop due to traders selling the news.
This is a lot of decisions to make. Well, actually based on we've noticed nowadays, since bitcoin has contributed a lot in the economy I think we should reward it because it's been years since it's spreading good things about value of money and more on the side of people's needs and goals to make with their life. It gives hope to the people who almost gave up battling crisis everyday but because of bitcoin, they started a new life. In connection with dollar over btc, I think they are now fair because they are both profitable and they are money. Money with different transaction method. Nevertheless, they are just collaborating money so nothing's gonna happen. It's either people prefer btc or dollar. As for me I will use them both to make it fair.
700  Bitcoin / Bitcoin Discussion / Re: Do Banks fear cryptocurrency on: August 25, 2017, 12:23:02 AM
Banks have many doubts about crypto currency and they have fear because more people start using this currencies day per day. Banks are decentralized and having very slow and complicated methods to get you fully verified and then making your transaction easily.
I think that way too. One bank that I know in my country is innovative and very open about bitcoin because it funds them and also investors go directly to that particular bank and now, it is listed as top rated bank in my place. It wasn't recognized before when it was new but because they strive hard to find ways on how to make it better for its service to people. I think not all banks fear about cryotocurrency it's just they are worried on how to deal with bitcoin specially not all governments accepted bitcoin in our society because for sure tax is always there. How clever they are. Maybe the fear of many banks are the investors trust on the money they put up for savings. We expected for a higher interest but it's not happening in the bank.
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