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401
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Other / Archival / Re: Do you agree with idea "Bitcoin bank" ?
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on: April 16, 2017, 11:32:17 PM
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I don't like having a bitcoin bank, I love the way bitcoin as a decentralized digital currency, making a bitcoin bank means that it will be be centralized digital currency controllable by some group oe the government tapping on our accounts making our privacy their entertainment in their leisure. I good on how bitcoin is kept on our wallets and for me, is the reason why Satoshi Nakmoto made the currency, to manage ourown money.
as we can see that most of the people are not in favor of bitcoin banking system. most of the bitcoin users want to continue with online system as it is more reliable and trusted to them as they can use it very easily and conveniently. |
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402
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Bitcoin / Bitcoin Discussion / Re: Bitcoin needs altcoins because ...
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on: April 16, 2017, 11:30:29 PM
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What I find the most important is the fact that Governments do not have to fight with just one enemy (which was Bitcoin). Now they need to fight with hundreds of enemies and see what actions they can take against them. It's harder for them to reach the point where they can make all these coins illegit..
Doesn't matter if there would be millions of cryptocurrencies that has been created when the government decided to take some action. They simply have to ban the use of all unregulated currencies most especially decentralized ones and unregulated ones. When they do that, it will be legal to use centralized cryptocurrency like digital fiat, digital gold, etc. They don't have to ban bitcoins, and then ban etherium, then ban dash, then ban LTC, then ban Dogecoin. The government is quite smart. They are not going to put a ban on these currencies one by one but rather they will categorize them to ban them all at once. Yes, actually in some countries they don’t ban cryptocurrency in particular they ban any use of currency that is not local, that way they ensure there will be no twisting the law, banning cryptocurrency is not something that governments can’t do, they are aware of what is happening and I ensure you that they are monitoring it and know that bitcoin for example is used in the black market, and this make me think that maybe they are the ones behind it after all maybe they are controlling the bitcoin and we just don’t know it. i think currently bitcoin is very smoothly use in all over the world and not in a single country still bitcoin has given any statement about bitcoin. although they also not given any statement about bitcoin i which they consider bitcoin as legal currency but still they even do not consider it as legal currency. yes that is right and i also think that bitcoin do not any alt coin, as bitcoin is strong enough and it can survive for a long long time without the support of any alt coin. |
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403
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Economy / Trading Discussion / Re: What Is Bitcoin Trading and Why It's risky?
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on: April 15, 2017, 09:05:47 PM
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Hello folks! I'm thinking about starting to trade with Bitcoin, but I see people saying that It's risky & almost like gambling. I think that I mis-understand the meaning of trading. For me trading Is for EXAMPLE, buying Bitcoin when It's at 550$ and selling It when It's at 670$. This Isn't risky because If Its value doesn't Increase, you'll just have to keep It until It gets higher enough, Is this trading? I would really appreciate If people clarified more! Thankx  You are almost right.But some times,big whales play their games,dump their bitcoins,create panic,make the price to fall,spread rumours,etc which creates a great fluctuation in bitcoin price.If you read the previous history of bitcoin price movements,you could get a clear idea.Good luck. but to me i think now it has become difficult for the big whale to manipulate the price of bitcoin and chance the market. i think now it has become difficult for them because the users of bitcoin are increasing from time to time. |
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404
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Economy / Trading Discussion / Re: The Best Time to Become a Trader
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on: April 15, 2017, 09:03:44 PM
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The best time to become a good trader is when you win most of your trades consistently with a good risk to reward ratio i.e 1:3 there will be few losses it is part of feature of a good trader, As a good trader you will also trade with the amount of money you can afford to lose and have a sound money management. A good trader will also use Stop loss and Take profit in his trading system (TP and SL).
but to me i think the best time for trading is when you become a good trader and get good experience in trading, then that is the best time of trading. because when you will become a good trader then there are more chance to make money. |
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405
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Economy / Trading Discussion / Re: What is your trading strategy?
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on: April 15, 2017, 09:01:38 PM
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My trading is strategy is very simple , I buy altcoin the price is cheap and then I will sell it if the coin pump or increase to make a profit. This strategy is very effective many traders also uese this strategy. There are many strategies you follow its your choice who strategies you pick . I also make a research before buying coin to know if they have potential to increase or not. I also make a research before I sell the coin I have because I want to know if this coin have more increase .
to me my trading strategy is very simple i play gambling with some planing and strategy, i try my best to withdraw my invested amount through profit and then continue with the profit. i think it will already be a very right decision that if you are playing gambling with some planing or strategy, as gambling is really a very risky way of making money therefore you need to very much careful while making money in gambling. |
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406
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Economy / Speculation / Re: When do you think Bitcoin will reach $1500?
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on: April 15, 2017, 08:59:45 PM
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I doubt Bitcoin will reach the 1500$ mark this year. Specially with segwit, bitcoin ublimited debates, ect. Maybe for some days but it won't last long. I believe the max it will reach for this year will be around $1300-1400 but not more. Currently i am quite happy with how it is, of course i can be more happy if the price incrase, but i can't complaint...
If this year the bitcoin can be resolved his scalability problem and there will another big hype in the future. i think $1300++ will possible for bitcoin in the future. The worst thing was prevent the increase of bitcoin is the debate. Of course, because the debate cannot solve problems and are not able to raise the price of bitcoin. Lol. But everyone is free to give a opinion or speculating on the price of the bitcoin. Yes I think $1300 is ideal price. but i do not think that 1300 USD level is such a big target for bitcoin, i think bitcoin can recover that position within two da ys. but still i am hopeful that very soon the price of bitcoin will increas. |
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407
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Economy / Speculation / Re: What keeps Bitcoin price stable?
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on: April 15, 2017, 08:32:52 PM
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I don't think the price is stable. Everyday at least a small variation will be felt on the price upwards or downwards. Stabilty seems to be the one at times to grow further staggers within few price tags.This is mentioned as stabilty, which is common with bitcoin and at times the market capital increase along with usage or circulation keeps it stable.
bitcoin prices are always changing. though not great, at least there will be an increase and decline. we can not say that bitcoin prices will not change. bitcoin price movement will always occur at any time during the bitcoin is still used by the people. yes some time we can see a little drop in the price of bitcoin, but over all the if we examine the study the progress of bitcoin, i think we ca say that over all the price of bitcoin is increasing and not decreasing. we can expect that the trend of increasing price of bitcoin will continue for a long time. |
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408
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Economy / Speculation / Re: Bitcoin 2017 Predictions
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on: April 15, 2017, 08:30:05 PM
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I have voted for 1000-2500$ range because i think Bitcoin will set new floor at around 1000$ in next months and after this recent hardfork issue is solved, it will go up. I hope it could touch 2000$ before end of this year.
Yeah right, I also vote range $1000-$2500, the possibility of price bitcoin will always range it's because it's been proven after a price drop $800 and then skyrocketed to $1300 but down again. i will simple say that at the end of 2017 the price of bitcoin will be trading above 2000 USD level. as we can see that the price of bitcoin is already trading above 1200 USD level, and i do not think that 2000 USD level is such a big target for bitcoin. |
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409
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Economy / Trading Discussion / Re: What is your trading strategy?
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on: April 15, 2017, 08:27:30 PM
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Trading is not just the art buying when low or high It requires learning a lot of skills. In forex trading for instance a trader must learn both technical and fundamental analysis of trading in order to be profitable in a long run candlestick pattern is another tool used in trading.
And we are in crypto trading, so don't compare it with forex for they are completely different and far from each other. In crypto trading, in reality you don't have to be that high in skills as long as you know how the market works and it's cycle. You are fine to do that buy and sell, low and high movement. Trading cryptocurrencies and foreign exchange is truly very different. Cryptocurrency is easier and more like to people who don't have that high knowledge in trading because all you need to do in cryptocurrency trading is just to analyze the coin based on the given informations and you just need to buy from the low price and sell it for a higher price after the pump and you could easily earn money unlike in forex that you need to monitor and study different kind of trading tools and observe the graph 24/7. Yes you are right with it, there are other trading in real life but it is more easier for us to understand this crypto trading. Since I'm not really into forex and I know that it's riskier than crypto trading. I choose to do focus on it since the market of crypto is very good and there are a lot of choices for us to trade by simply doing the usual method. Yes cryptotrading just need usual methods or easy things to make a profit and not like in forex that you will need a lot of effort in studying a lot of charts and putting a lot of effort in watching the movement of the chart and many more hassle things that you will encounter in forex but in cryptotrading you just need a small time to look at the charts and execute trading then boom, you can earn profits in a lot easier than hassle forex. yes it is very much important to have a good trading strategy. i think if you do not have a good strategy then it is very risky as it is very much complected to invest your money in trading altcoin or trading bitcoin. and my strategy is that i use trading in a limit and never try to overcome that lime. whenever i reach to that limit then i try to stop trading any more, and then start trading for the next day again. |
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410
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Economy / Economics / Re: Can Bitcoin also lead to corruption ?
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on: April 14, 2017, 10:49:05 PM
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Well, we see where is corruption than definitely corruption is depend on money, and as you said in this thread, Bitcoin is also name of money, than if bitcoin is use for bad thing like corruption, than it is not mistake of bitcoin, it is our mistake where we use bitcoin for corruption.
yes that is right and bitcoin is money, so it can lead corruption but i think we cannot blame bitcoin for that, as if bitcoin was not introduce they will then find other ways for corruption. but they are not going to stop corruption, as corruption is in their nature. |
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411
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Economy / Economics / Re: Does the Price of Bitcoin Matter?
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on: April 14, 2017, 10:47:26 PM
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For me the price of bitcoin is of great importance. I invest in bitcoin. And I always watch to buy bitcoin at a time when the price goes down. And you can sell at a time when the price goes up
yes there is no doubt about this, that the price of bitcoin really play important role for everyone, as we are investing our money here in bitcoin because we are expecting that the price of bitcoin will increase and will give us good profit. therefore we are going to hold bitcoin and put our money in risk. |
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412
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Economy / Economics / Re: Bitcoin or gold?
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on: April 14, 2017, 10:38:37 PM
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If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.
Both, because bitcoin and gold are great source of investment in long term, it's good to diversify your investments to make more income the more investments you have, your wealth increases. That's why holders of bitcoin since 2009 are rich by now.. although both are the good options, but still i will choose bitcoin, as from bitcoin i can get good profit because the price of bitcoin is expecting to increase more and more and may be cross 2000 USD level very soon therefore i will like to choose bitcoin instead of gold. |
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413
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Economy / Economics / Re: Bitcoin can not replace fiat
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on: April 14, 2017, 10:34:55 PM
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Bitcoin can not replace fiat because fiat is very powerful and it is government supported so it will be hard for bitcoin to do defeat fiat. It is just good for bitcoin to not replace fiat because it will not succeed and it will just lose some time trying to do that. Skip doing that and focus on other helpful things rather than defeating or replacing fiat.
Correct, fiat is government currency and Bitcoin is independent. Governments will always want to control their currencies which is one of the main reasons why Satoshi Nakamoto created Bitcoin. I think both will exist together for a while. actually in present time the users of bitcoin are also very few. as a large number of people still do no know any thing about bitcoin. they still need proper knowledge and introduction about bitcoin, but i think it will take decades when all the people of the world will start using bitcoin. |
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414
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Economy / Economics / Re: What is your best investment strategy?
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on: April 14, 2017, 10:32:52 PM
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to me there is no strategy in investment. i just try my luck, I predict whether the investment will grow or not.  yes like you i dont have strategy in investing my bitcoin because i scared to lose my bitcoin im always hold it and look forward if bitcoin increasing because i have chance to trade what i want example in goods ,clothes etc . Lol I think if you just rely on luck to guess the price is going to happen. it will be the same as gambling. and of course will be much greater risk Actually it's not same as gambling since gambling has the highest risk of all since a trading and gambling can be controlled by money management but gambling can't be controlled by money management since no matter how good you handle your money, if you are still unfortunate in gambling, it would be useless. Yes investing and gambling is so different. Gambling is just for people who want some extra fun and who want to spend some of their money to the site and depend or rely on their luck if they will get higher returns while in investing, you will invest i.e in bitcoin and hold it for long term and in that you are not gambling because the risk is so small and you can easily earn profit without have too much risk because of the volatility of bitcoin on its price. but i do not think that people play gambling only for fun. i think they play gambling for making more and more money, as they consider gambling one of the most easiest way of making money but in fact it is not so easy . as we can see that in gambling most of the people lose their own money . |
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415
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Economy / Economics / Re: The Real Reason to Hold Gold And Bitcoin
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on: April 14, 2017, 10:24:12 PM
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The only reason that i know we should hold bitcoin and gold because they are good investment and also in long term investment because look at the price chart of that two assets then you can see how they been grown up to their past prices and that is the proof why we should hold this two blue chip investment.
Gold may be a blue-chip investment (even though it doesn't technically fulfil the definition of being a blue-chip), but Bitcoin is far away from being an investment in the same way gold is. Gold is a lot more stable, Bitcoin (even now) is still very volatile and there are major swings in both directions, although there is luckily a relatively sound trend in the bullish direction. A lot of Bitcoin is about timing, right now it's more like a day-trade stock than a sound blue-chip. Once gold price were also fluctuating so high but after the game is over now the gold is stable so i think bitcoin will also get stable price when all the game is over and it gets regulation. but currently there is a lot of fluctuation in the price of bitcoin and therefore i will like to hold bitcoin as there are more chances that its price will increase more and more and will surely give me a good profit after some time. |
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417
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Other / Off-topic / Re: Bitcoin is a good investment now, because...
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on: April 10, 2017, 11:44:41 PM
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Because the price of bitcoin is currently rising and rising
yes, that's the main reason why we have to invest the money we have in the form of bitcoin. since the initial release of bitcoin until recently, the price of bitcoin is growing, and I think this will continue. so, maybe bitcoin can be an investment that quickly. Bitcoin was always an investment since its inception and even in future it will act as an best investment tool so I think we are at good position to invest money in bitcoins as price will keep on growing as time passes by so invest in bitcoin till the price is not too high. The price is keep growing because of the good events that are happening and i think it is just a start for bitcoin because soon almost of the countries will do the same as Japan and accept bitcoin to their life and those who will get the best benefits are the early investors or like us who buy bitcoins now and keep it and wait for that moment where bitcoin is so expensive and stable then we can take the profits and secure those. The good days for bitcoin has just started and we will see bitcoin as a more powerful currency in future holding some really good price and its never too late to invest in bitcoins price will keep on growing once more investors will start investing their money in bitcoin. Hope so, i'm sure many people out there start looking at bitcoin right now because the price of bitcoin is keep raising since the halving and people will realize that bitcoin is a good investment now. yes there is no doubt that the price of bitcoin is continuously increasing therefore it is a good investment in present time. we can see that the price of bitcoin is now trading above 1200 USD level that is a very good sign for the future of bitcoin. |
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418
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Bitcoin / Bitcoin Discussion / Re: Will Bitcoin be replaced by another cryptocurrency?
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on: April 10, 2017, 11:42:17 PM
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Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?
It's possible. but bitcoin has gained much more popularity and it has been adopted for mass use. yes everything in this world can be possible but still it is not so easy to beat such a good and popular crypto currency. because the users of bitcoin in continuously increasing, which is making bitcoin more and more stronger. |
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419
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Bitcoin / Bitcoin Discussion / Re: Will Bitcoin overcome Paypal?
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on: April 10, 2017, 11:40:49 PM
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I think at this time, paypal is still not official institutions that have many branches in different countries, maybe 10 more years of bitcoin will beat paypal.
i think bitcoin is already an official institution and its service is already present in all over the world. therefore bitcoin can easily overcome paypal. |
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420
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Bitcoin / Bitcoin Discussion / Re: Can Bitcoin make Banks disappear?
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on: April 10, 2017, 08:55:09 PM
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Bitcoin cannot make bank disappear due to the fact that transactions in banks differs from transferring of funds using bitcoins, A lot of transactions aside deposit and withdrawal of funds takes place in banks, bitcoins can only be sent and receive globally.
although there are always possibilities to happen that but i do not think that it is possible in near future. my be after decades whe all the people will start using bitcoin then it will becom possible |
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