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21  Economy / Trading Discussion / Re: How has your experience been with Binance? on: August 14, 2018, 07:21:08 AM
I have not used Binance before but the testimonies are there that Binance is a great exchange. I look forward to using it someday.
Like you too, I never had been to this exchange till now but definitely we talk about good and bad for something according to the reviews we get from public. When I use it I will definitely update my review on this thing so that when someone else like me, a newbie, enters here he must not be confusing so high. So as people are talking good about this one, may this let good to lives of people?
22  Economy / Trading Discussion / Re: Do you actually think major coins will be live in 2025? on: August 14, 2018, 06:09:19 AM
I think that after 5 years, almost all tokens will die out, there will be only those who have an application, now it is a HYIP and no more.For example,I even now do not understand why thousands of crypto currencies, I do not know everything but from the TES of which I know literally 2-5 really innovative .

There is no surety for this thing. It might happen that more and more crypto start developing and we will be seeing a pool of amazing coins in future. We all know the incoming time is a digital world and surely this digital world is all about technology and crypto is strong technology that is involved with economics. So we must be ready to embrace a good time ahead.
23  Economy / Trading Discussion / Re: minimum amount to start trading? on: August 11, 2018, 09:24:24 AM
What was the amount with which you started trading
I mean your very basic investment and was that your extra money or required money?
Well there is no required money in trading, but if you are just a newbie in trading i am advicing you to just start with a small amount, maybe you can prefer atleast $300 and for sure you can able to have a good trading skills if you will practice everyday.
Do not start directly with increase in amount but wait for your future successes and experience you have to make in this crypto trading which is very necessary for trading professionally. If you want to be a professional trader then you will need to begin with less valuable coins like Litecoin or Neo which are less valuable for short term so you will acquire much experience if you do so.

24  Economy / Trading Discussion / Re: Taxation on: August 11, 2018, 07:28:30 AM
Bitcoin will not be taxed unless the Bitcoin is entered into the exchange, then when it is traded Bitcoin is subject to a fee.
now the fee will be taxed by the government against Bitcoin.

so, the conclusion is that the Exchange is taxable because it trades Bitcoin.
Yes that is right and I think that it can only be possible if they will make bitcoin a legal currency, which still most of the countries has not yet make it a legal currency.  I think after making bitcoin a legal currency they will become able to put some taxes on bitcoin and for that they will surely make mechanism to collect tax from their people.
25  Economy / Economics / Re: Blockchain will help Economy. on: August 10, 2018, 08:27:32 AM
The blockchain may be an awfully huge facilitate in terms of the lives of each person furthermore as within the economy. As others say it's employed in businesses, online payments and lots of a lot of. several countries still acceptive blockchain as a result of they recognize the importance of this.

More contributing technology is the Blockchain technology which opens ways for you to connect and know more about others. There are other contributing sources which are improving the cryptocurrencies as we have fine exchanges for it like Binance and Bittrex and few others which are highly recommended for Bitcoin’s users so all these along with the Blockchain helps us much more in reaching towards our destination.
26  Economy / Economics / Re: How does bitcoin become a currency? on: August 10, 2018, 08:01:38 AM
In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".


In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.

The value of money: it exists because of payment.

I do not think that bitcoi is now a currency, I consider it an asset that can be compared to gold or silver. I think, because of its weak payment capacity per minute, the price for processing the payment and much more. I would bet on bitcoin cash, which can become the first currency of bitcoin.
But I think that bitcoin is both a currency as well as assets. We can see that from the very beginning people are using bitcoin for online shopping, even now the use bitcoin is possible in offline shops, in some modern cities, people are even using bitcoin for shopping in their local shops. Therefore we can consider bitcoin both online currency as well as assets.
27  Economy / Speculation / Re: It's not too late to sell on: August 09, 2018, 09:36:48 AM
in my opinion, the price of bitcoin is still very low and you better hold the bitcoin you have and don't be easily affected by the bad news, if you sell it at a very cheap price like this I am sure that someday you will regret having sold at very cheap prices.
It is necessary to monitor the price and its conditions before making any decisions which are two big decisions one is of buying and one is of selling. Now the current market conditions are favorable for buyers only and not for sellers because the price is 6500 US dollar for one Bitcoin so this low price is indicating that the benefit is to buy more which will maximize our profit.
28  Economy / Economics / Re: Bitcoin can be useful for a troubled economy on: August 08, 2018, 11:22:52 AM
Countries in Africa will probably need bitcoin to help them improve their economies. There should be a common currency for these countries, bitcoin is very appropriate, but their government needs to cooperate with developed countries to change the economy.
And that is even possible to make happen by introducing Bitcoin in the continent. The ratio of people living below the poverty line is very high and this lead majority of them into crime and many illegal activities and many  of them end up in jails or in worst health and mental condition so it is a dire moment for introducing Bitcoin into such low income people who might be able to use it for their welfare and to improve their living standards.
29  Economy / Trading Discussion / Re: What Motivates you to Invest in Cryptocurrency? on: August 08, 2018, 10:50:34 AM
Crypto market's volatility is one aspect of it, of course
volatility is great in trading, but to crypto in general, I am
more interested in blockchain tech
Dont be shy, thats its really bullshit. Mosthly 90% they invested on cryptocurrency because profit & money. Lets talk about your self, iam not believe you invested to cryptocurrency because the technology.
This becomes a trend now. People are following this bitcoin just because of its being an earning source. They don’t get it as payment method or any other purpose. Because of this situation, now this becomes a source of income more than other beneficial purposes. So,it’s not only you rather a general concept. Still it is good for those who want to take it in any way.
30  Economy / Economics / Re: What language should I learn next? on: August 07, 2018, 06:11:14 AM
I think learning Japanese, because economic growth there is large and the technology is also growing rapidly. Your chances will be good if one day you go to Japan.
Before learning any of the language, you have to keep this thing in your mind that which are all the places which you can visit in the future and then the languages which are being spoken at those places. You then need to put them in order and then go for learning of that language which you need the most and which can help you in communicating to more number of people.
31  Economy / Economics / Re: stupidity is so close to poverty on: August 07, 2018, 05:39:17 AM
stupidity is so close to poverty, do you agree with such a phrase?
if it yes, means the poor are the fools.
I want to know your opinion.  Grin Grin

It`s not exactly stupidity.Not all poor people are stupid.It`s the combitation of being lazy+procrastination+lack of education/knowledge+not enough concentration and discipline+finding too many excuses for everything in your life and blaming everyone else for your misery.
Some rich people are kinda stupid,but they work hard,have discipline and stay focused.

Haha good point. I'd agree, rich people can still lack in the other important skills that are necessary to be truly successful. Just because you have a lot of money doesn't necessarily mean that you've earned it the hard way.

Stupidity is a lack of knowledge, or no desire to obtain that knowledge anywhere. That's what makes people get stuck in certain situations in their lives. They don't see a need to improve or learn more, and therefore have a hard time escaping poverty. Or, they were just born into these conditions and are comfortable where they are. Nothing wrong with that, it's just a preference.
Sometimes it's also a culture. You see your father and mother content with the life that you have, and so you become like them. I mean, why would you grind and work hard if everyone around you is comfortable with just sharing a small fish for dinner? It's PERFECTLY fine to the people around you, why wouldn't it be fine with you? I live in a place where everyone is content with their lives. They are all poor but they are all addicted to gambling. The small amount of money that they are getting from a long day of labor work goes all to gambling. Why? It's because it's the life that their parents lived and was passed on to them. Good thing I'm not originally from this place so I have a totally different mindset. I was raised differently.


Quote
rich people can still lack in the other important skills that are necessary to be truly successful.
And what are those skills? Money = Success in this world. No other way. I know that we have different definitions of "success" but you don't see a poor person being called "successful". It really only take you to be exceptionally good at one thing in order to become rich. Become a really good singer, people will come to you, listen to you, and eventually pay to listen to you. All of the other skills becomes secondary like washing the dishes, doing the laundry, etc. Everything that doesn't have a relation with your career becomes secondary at this point. That's why successful people make other people do those things for them. You don't have to have the "other important skills".
You will get a positive result if you do something or a project with interest and attention otherwise a careless person gets low product of anything. In the crypto world Bitcoin has great importance due to its potential of producing more profit if every process goes according to the basic rules and proper strategies. And one thing more do not let your self fall in poverty so you have to manage everything.
32  Economy / Economics / Re: bitcoin investing on: August 04, 2018, 07:41:40 AM
Bitcoin investment is something that will make us successful and rich someday, with the number of users increasing so it can be ascertained that with 1 btc we will retire someday.
Well that is nice to ponder about. But then the value of 1 Bitcoin will also be very high I guess. With rising demand, the price of the asset also rises. Besides, success and riches in Bitcoin does not come just by investing in Bitcoin but by playing the market game more efficiently and more effectively. One has to be good enough in deciding the time to buy the right type of coin and to hold or sell when the market is down. Only then the possibility and probability of earning money is reasonable.
33  Economy / Trading Discussion / Re: Impact of bitcoin futures on: August 04, 2018, 07:11:42 AM
I don't think there is a proper theory that deals with bitcoin futures because with price fluctuations every time makes traders must be ready to accept all forms of risk in the future.With difficulty making a prediction about bitcoin exchange rates.
Nothing is predictable about this world and so is bitcoin. This amazing coin has its own secrecy that can’t be revaluated by anyone at any time. you may come across different lines and statements talking about what is the future of bitcoin and how it would be moving onwards. Keep best practices in field. You would be seeing best future with bitcoin.
34  Economy / Trading Discussion / Re: Will you trade Bitcoin to buy Altcoins? on: August 03, 2018, 07:25:57 AM
I usually trade ETH to buy altcoin, because ETH is now much more popular than BTC, most altcoin or tokens that accept payment by ETH, that's an extremely popular penny nowadays.

In this recent market trading bitcoin to buy some altcoins are not profitable because bitcoin price was diminishing and some altcoins turns into shitcoins also. But if you want to buy altcoin try ethereum as this alts is potentially increasing in value due to its big adaptation.
Yeah this difference makes problem sometimes. The interdependency of bitcoin and altcoin now becomes an integral part. This must be taken into account by development teams and they must think over this issue. We need to make bitcoin and altcoin two different entities that are totally separate and can’t be jointed for any reason. Because this disturbs the performance factor.
35  Economy / Economics / Re: Do you think bitcoin redistributes wealth or just makes the wealthy richer? on: August 02, 2018, 06:49:05 AM
BTC market is a free market, and anyone rich is thanks to their patience and their patience. If you have less money you should invest less and vice versa, the rich are like people. poverty. no one more than anyone
The best thing which I like about the bitcoin is that it helps you in making of money without creating any kind of discrimination and that it keeps in helping the ones who trust in bitcoin to make more money which can then help them in having a comfortable life. It is all and all your own efforts and hard work which will then help you in having some good earning and that you have to do your best to earn more.
36  Economy / Economics / Re: Why all people moan about the price of bitcoin? on: August 02, 2018, 06:13:16 AM
This is not the complete picture. You have intentionally edited the prices after the crash and made this to show consistent increase.
I am really astonished on that group of people who talks in this way. How can they say such rubbish thing and blame game on bitcoin when they already know this is always moving like this. Bitcoin never ever had shown any stability in any time frame. Then why such educated and field people don’t understand this fact and always on keeping shouting for this price increase and decrease?
37  Economy / Trading Discussion / Re: How trade safely without any loss on: August 01, 2018, 07:46:15 AM
The most famous trading method is train your bounty rewards, or trade only with your earnings. So it means that you are not investing anything more than that you already have.
Here two types of people exist under this category. One, those who have got enough handsome money and they are totally ready to buy bitcoin at low prices and start trading with it. Second, legends who are empty pocket and trying to grab some options and considerateness that can help them to make good earning from bitcoin. So, signature and bounty campaigns are enough for this purpose.
38  Economy / Economics / Re: My Advice on Investing in Crypto on: August 01, 2018, 06:56:04 AM
This is a very good explanation on crypto investing. Investing in crypto is very exciting, but should always be taken with caution. Crypto investments are highly volatile, which means one can make big gains and big losses. But what’s even more exciting than financial gain is the technology development. Blockchain is unleashing massive innovation, and the entire World is participating in this excitement. No one knows for sure what company will thrive in the future, but if you find a company with the right team and the right technology, then you are on right track to identifying a  good crypto investment.
I want to give her some money by doing bounties and then get to investing process because for now I'm thinking that I have not enough to invest, I need at least one and a half thousand dollars.
Well here in this case, you can just give her some bounties if you have some. It means if someone is interested to work on bitcoin and some campaigns like bounty or signature, the other person can have good source of earning then. In your case, if she needs money but she doesn’t have enough money to invest. Get her bounty and it will be a good source for her.
39  Economy / Trading Discussion / Re: Short term vs. Long term investments on: July 31, 2018, 09:31:11 AM
If I think in short-term trading and investment is good and it depends on the trader's mindset and his skills that we take seriously and develop as a better trader from there. Therefore, everyone has to decide for themselves. Every investment has its advantages. The main thing is to be confident in the company where we invest.
Most of the cases, technical analysis are always strong at your end. They are amazing to give you a broader way of thinking that what are ifs and buts that must be considered before taking any decision. If you don’t know what is the reality of scene and how can you make benefit of them at right time, then you could be able to make your results stronger and safer.
Both short term and long-term investments of money have their own pros and cons and that this is something which depends on the investor like the way he is interested in doing the things. It is better for a busy person to go for long term holding of coins and that if you are having some interest in day trading and you think you will be able to manage it well, then you can go for it too.
The term of investment also depends on the kind of crypto you have invested in. The investment is actually the second step preceded by making a business plan and investing in an asset according to the business plan. Coins like Bitcoin and ETH are normally seen to be held for long term for the scale of profit in long term is more by holding such coins. However having coins like Litecoin and NEO, one might also keep the term of investment short and in such case prefers to earn quick money.
40  Economy / Speculation / Re: Main reason for the price drop on: July 31, 2018, 08:16:24 AM
I think there is not huge problem. The biggest reason is panic selling. Even the ridiculous news can affect people's psychology. Only the traders who have been in trade for a long time can reduce their own emotions, and they always knows how to look positive to red market.
The price has increased a little today but it is not a permanent or satisfactory increase though it is required at this stage but we need more improvement to see a bull market in the future days. this is only possible if we do not sell out at this stage to see a little increase can not make us sell and if we do so then the price will go high and we will see a better value soon in future days.
Bitcoin’s price has different movements in different times so we can not find out when the market situations changes for which we need to focus on our benefit, where our benefit is. Something of great importance is to look for benefit only because of the unstable market we can not predict future correctly, the only benefit is to buy a lot of Bitcoins or other coins in the current market which is in front of us so what are you waiting for.
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