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21  Economy / Economics / Re: 2018 the year of correction? on: October 29, 2018, 09:06:43 PM
In the end of last year, we were truly going to a level, which I also thought, that it can not continue forever, and so I started to feel the market cap of Bitcoin is growing too fast, but there must be a limitation. But this correction what we are experiencing now, it is something I did not want to see, even if it is healthy in the long term, simply too long Smiley
22  Economy / Economics / Re: When will Apple accept bitcoins? on: October 29, 2018, 09:02:11 PM
I do not think, they will ever accept Bitcoin, despite the fact, that it would be awesome. Apple would rather create their own coin IMO, that would more likely the way, they used to run their business. To be honest I am not a big fan of apple's attitude.
23  Economy / Economics / Re: How much money and bitcoins do you need to influence the price? on: October 24, 2018, 08:17:02 AM
It depends on which coin we talk about. To influence Bitcoin's price by your own, you would need a lot of them for sure, which I think not many Bitcoin investor has. And also, as I heard, big whales trade in OTC markets, which does not influence Bitcoin's price.
24  Economy / Economics / Re: Do you have to make big investment before you can make profit in crypto? on: October 24, 2018, 08:12:08 AM
I have also met someone, who actually borrowed a lot of money from a bank, so to be able to invest more in cryptocurrencies. I understood why he did it, but I would personally not risk that much.
25  Economy / Economics / Re: Why Cryptocurrency threatens governments on: October 24, 2018, 08:07:12 AM
I would like to believe, they just would like to protect us, the citizens, because of the potential risks, this market has. With all the scammers, volatility, But for many countries, I am sure that free tranzactions through borders is also not sympatic.
26  Economy / Economics / Re: Government should implement blockchain technology to prevent corruption. on: October 24, 2018, 08:02:22 AM
I think, that in many cases, governments are those, who are the most corrupt, so not sure what they would think about that. Also, people should have the right for some privacy IMO.
27  Economy / Economics / Re: What is The actual senses about bitcoin for common people ? on: October 23, 2018, 08:34:27 AM
Around me, I see almost everybody living their life with their laptop, mobile phone, but I know, it is not the case everywhere. Some countries are a little behind, and also some parts of my country, and mostly older generation. People "born" with all these technologies around, will probably adopt easier to crypto as well, that is true.
28  Economy / Economics / Re: How to calculate profit on: October 23, 2018, 08:28:34 AM
If you buy, and sell with the same Bitcoin price, I would say you will have negative profit, because you also have to pay some fee, in the exchanges, or whenever you buy / sell cryptocurrencies for Fiat.
29  Economy / Economics / Re: Would blockchain technologies continue Its development without cryptocurrency? on: October 23, 2018, 08:24:26 AM
I think the development of this technology would get much slowlier without cryptocurrencies, simply because less people would work on it. But I think it would continue.
30  Economy / Economics / Re: Mistakes That Make You Poor Poor In Cryptocurrency on: October 23, 2018, 08:22:11 AM
True, in this market, if you loose your money, there is literally noone to blame, which makes cryptocurrencies kindof dangerous. But in the same time, it also teaches taking responsibility, which is a good thing IMO.
31  Economy / Economics / Re: Bitcoin volume is still rising ? on: October 22, 2018, 03:55:14 PM
As looking back to the last 9 months, it looks like the volume, and also the market cap is getting lower. But for the longer term, I believe Bitcoin is still in the growing phase, and we will see it a couple years later, when we will look back to this period of time.
32  Economy / Economics / Re: Simply predict the future of bitcoin on: October 22, 2018, 03:46:46 PM
History sometimes repeat itself, but not always, and not by strict rules. This downtrend must end, but we can only guess, when. My opinion is, that we may stagnate until February, but eventually, a nice rally will come again, when we will see new 'all time highs"
33  Economy / Economics / Re: If you had 10000$ on: October 22, 2018, 03:42:21 PM
I would put most of the money in Bitcoin, and Ethereum. They are the safest to invest IMO, but still could easily worth a 10X within 2 years. A smaller part can also go to different coins, like EOS, as you have mentioned.
34  Economy / Economics / Re: blockchain and voting on: October 21, 2018, 08:09:39 AM
Voting is a great use case of blockchain, I strongly support it. A lot of cheating could be termnated, and also, the whole voting procedure could become much cheaper. It is just crazy, how much a national voting can cost to the country, in my country at least.
35  Economy / Economics / Re: Is there any chance of having one global currency? on: October 21, 2018, 08:05:48 AM
In Europe there is Euro, which is a currency existing in many countries, with different level of economy. We have seen in Greece for example, that it can cause a big problem, if governments have no influence to the currency. So as long as there are so hugh differences between countries in salaries, standard of living,... I do not think it is possible, to have just one global currency.
36  Economy / Economics / Re: Will Africa be a good place for crypto? on: October 21, 2018, 07:59:46 AM
To become a real currency, it is needed to have a strong government support I guess, and I am not sure, if that would happen any time soon. But indeed, Africa is a continent, where cryptocurrencies may have one of the most use case.
37  Economy / Economics / Re: What would happen to banks? on: October 21, 2018, 07:56:00 AM
Good list, and sure, they could do all those things, but the question is, if they truly will. Can they be a true competitor to new, innovative companies, or they just vanish, like many giant companies in the past.
38  Economy / Economics / Re: Apart from trading where else to use crypto? on: October 20, 2018, 01:32:12 PM
That is right, more use case is needed, and also make the usage easier for average people, because right now it is too complicated IMO. But we have time to reach this adoption, we tend to forget how young crypto is.
39  Economy / Economics / Re: Why Viber, WhatsApp, skype, WeChat, Snapchat, IMO, Line not conduct ICO? on: October 20, 2018, 01:26:33 PM
It looks like the dominance of Telegram is quite significant in the crypto market, and also have the feeling this message app is enough now. Crypto market is growing, but still just a small part of the International economy.
40  Economy / Economics / Re: Bitcoin and retirement - how do you see your future? on: October 20, 2018, 01:21:21 PM
I would definitely feel more safe to keep money for my retirement years in crypto, rather than paying in to the national pension fund, which is, well, not working very well, and I see a good chance, it will crash in the next decades, at least in my country.
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