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1121
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Economy / Economics / Re: Government Furious
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on: April 01, 2018, 09:01:11 PM
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The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?
Governments find it hard to input tax on bitcoin because its beyond their control. Bitcoin resides on the internet world and its really hard for the government to detect those who are involved in bitcoin. The only way they can do is to ban bitcoin because its the easiest way for them. And this is what they are doing. From a long time, since the development of bitcoins, they are continually banning bitcoins. Right now, just see, only few countries among 256 countries where bitcoins are being legalized and using under a law. Else, every country’s government have banned bitcoins. They don’t allow people to make transaction because by doing so, tax can’t be paid. |
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1122
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Economy / Trading Discussion / Re: Big gains come with big losses
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on: April 01, 2018, 07:50:00 PM
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This is a very true statement, a lot of people need to read the market more precise, the rising sometimes is just a whale pumping and can't hold for a long time, people need to know that it's not that easy to predict crypto and therefore need to be more careful when want to invest in crypto, don't because of the greed keep on buying at peak price and in the end lose a lot of money
When someone buy bitocins or some portion of any other coin, they need to look back every day. This must be a routine of a holder that what is happening in market. Because just being dump once you bought bitcoins and hold them, this can make a big loss. Because as you have said, those whales are just doing that for themselves. They don’t have any concern what would be effect on some other trader. |
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1123
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Economy / Trading Discussion / Re: Do you encourage friends and family to invest in crypto?
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on: April 01, 2018, 07:42:49 PM
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I think that if I have a good project, I may invest in it with my family and friends. First of all, I want to make sure it is low risk and I can get a certain profit. If the risk is too high, I think I will not tell them.
It means you will suggest them to get into this world. This is so good to see people taking bitcoins as their financial helper. And definitely if you are advising someone to be here with you, you must research fully about the thing you are going to invest in. if you find any discrepancies, don’t tell them then. Rather find some another project that is legitimate and only then ask them. |
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1124
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Bitcoin / Bitcoin Discussion / Re: felling depressed for holding bitcoin :/
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on: March 30, 2018, 08:53:50 PM
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i have 0.5 btc on my hand
but the problem is btc is falling day by day
its hits me in my heart like a spike
cs i buy this btc on 12000$
now im in loss of 5000$
it has fall onto 7000$
what shoud i do?
should i keep it???
You should not be depressed for holding your bitcoin because what others say if you sell it today that bitcoin's value is low then you expect that you lose your money. For me, I will still holding my bitcoin until the value will get reach that what you've expected. It is the mind over matter when you will sell your bitcoin. That’s right. One should stay optimistic rather that pessimistic. Pessimism just does not help you win back the money you have already invested. Wait until the prices go up and you are all well-off. You will get profit when its value jumps again and you sell you bitcoin that time will give you huge profit instead of going towards negativities will give you nothing just loss. |
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1125
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Bitcoin / Bitcoin Discussion / Re: What are the advantages of having Bitcoin?
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on: March 30, 2018, 08:47:55 PM
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The only thing I know about Bitcoin is that it is a virtual 'money' but what are the other use of it? What are your advantages for having a bitcoin?  of course to earn money and profit. I think investing in bitcoin is the most appropriate way to start a profitable business Instant transaction is also one of the attractive features of Bitcoin. It does not involve any bank or third party which is time consuming. Thus the use of Bitcoin saves time and helps do things or make transactions easily. It makes you able to set in your home or office and control your wallet, allow you to transact amount within seconds. It is the easiest way ever in this history. |
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1126
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Economy / Gambling discussion / Re: Can gambling be profitable in long term ?
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on: March 29, 2018, 07:04:41 PM
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Yes, if luck goes with you then its profitable in long term.But gambling is too risky and I don't think it's possible to consistently win in gambling.IMO it's too difficult to get profit in gambling always.So I don't think gambling is long term profitable.
Winning and making profits in gambling depends on the games you play, you cannot solely play chance games and expect to make consistent profits in the long run. There are skilled and semi- skilled based games where you are allowed to make some inputs based on your statistical analysis and instincts like sports betting which can be profitable in the long run if you commit to study it well and make informed decisions about your bets. In a long run of gambling, profits cannot be measured by the kinds of games you had played because mostly gamblers end with empty pocket, because the fact that every gambling sites are design to be profitable and not for the bettors and as we can see that it is mostly computer generated, therefore all the bet are already computed so its hard to be profitable. As gambling reality is to lose more and to win a little. It is true that most of the gamblers return empty handed from gambling and at that part of their lives, they have nothing left for them for which they should live so they better seek an escape from their lives by committing a suicide. This is the end of almost all the gamblers. The success stories of gambling are one in one million because the ratio of winning in gambling is much lower than the ratio of losing. |
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1127
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Economy / Gambling discussion / Re: The consequences of gambling
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on: March 29, 2018, 06:48:12 PM
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Gambling had really bad social consequence on me i became completely silent for a week and didn't know what yo do i decided to gamble again but finally i was able to have control over myself and decided to quit gambling
Currently i don't have much regret and i was luckily able to move on and haven't gamble yet and hopefully don't plan to do so in the near future as well
You would have never became aware about the consequences of gambling until you have tasted it on your own and now, I think you are better aware from your homes about the consequences of gambling in your life. You are saying that you became silent for a week or so when you firstly gambled. I think you would have lost your first ever game in gambling and not knowing what to do, you just became silent. |
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1128
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Economy / Gambling discussion / Re: Does your family past incidents effect you?
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on: March 29, 2018, 06:18:40 PM
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No,Any of my family circumstances doesn't affect me from the gambling like family situations,because if I want to gamble I will and never look for anyone's permission.
But most of the players are still continue to gamble if their family is in bad financial situation,maybe in the thought that they can increase it by winning a jackpot on someday but it is a bad idea.
It's really a very big mistake when we are leaning to gambling in terms of getting instant fortune, gambling should be taken as a source of short time enjoyment and nothing should be greater than that, we also need to consider our financial capability as gambling really affecting this factor in our life if we do have spare money then we are good to go, not risking our saving for our family needs would allow you to enjoy your stay without any problem quitting and thinking of others opinion. A pretty huge one and the main reason a lot of people get addicted. If gambling will make everyone a fortune, how on earth are the casino owners and gambling site owners making their money and living large. It still baffles me if some people really do not think or they just end up allowing their greedy self to take full control of them. Anyone looking for an income would be better off doing something else, if they cannot cope with the idea of losing all their funds. Honestly, you really just said it all. The fact is that a lot of people over imagine seeing themselves getting a good result from gambling without remembering the fact that the casino owners make money from them failing and their getting screwed. We cannot blame them as it is their business model and when entering to gamble we do accept all their norms even withing take time to know them. For example, this guy’s uncle wrecked himself only to make the casino owner richer and that is what most addicts always end up doing. Best is to always learning self-control or not even gamble at all. Gambling is basically nothing but just a cheating to your own self. Where people cheat themselves that the money they are losing is very small in front of the pleasure they get from it. I think it sometimes adds a little rationalization. Though it is not a good practice but people who are into it will never listen to it. Like as said the family don't want the boy to gamble because they know the consequences better as they have experienced it earlier with the other family members. But a gambler friend want to drag him to it despite his family will. It is addiction and of such a high level that you want all the people around you to be involved within it for your sake. I think people give more importance to money from gambling rather than the pleasure coming from gambling because if they really are playing gambling for fun, they can play by putting little amounts of bets but they have in their mind that we have to earn lots of money from this gaming trend and this is the only reason they play by putting huge amounts of bets. No one will let his children to play gambling whether he has faced it in his life or not. |
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1129
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Economy / Gambling discussion / Re: If gambling is illegal in your country, would you still gamble?
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on: March 29, 2018, 06:09:56 PM
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If its something illegal, I won't do it. I won't take the risk of paying a fine or going to jail. I would rather do something to earn money than waste money on gambling. I was never a gambler so I feel that I won't be affected if its illegal. I always bet on basketball games but that is just a verbal agreement between friends, so its safe to that.
Illegal means it is something that is not legally licensed to operate so anyone who will be caught will be subjected by the law. I would not play gambling if it was illegal unless you are there to risk your life for gambling or you can hide for not to be caught by the authority. Actually governments know what is better for their citizens. We are only seeing some easy money that is coming without doing nothing. Just sit in casino, have some guts to speak out, no technical knowledge, no merit for anything, no hard work, just luck. If you have your good day today, brother you will be winning and there a bad habit is becoming stronger with every win. It is too good that this is illegal. It’s true that governments know very well about the good and bad of the people of their country but let me tell you one thing that even good governments also not try to stop the casinos where gambling is appreciated even when they are fully aware of this fact because they are paying huge taxes to government easily, also may be paying some extra fines with them, so why the government will try to stop them. |
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1130
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Economy / Speculation / Re: Could bitcoin reach 100.000$ ?
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on: March 27, 2018, 08:28:45 PM
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Nothing impossible no one said that bitcoin will reach 20 k and no one said that bitcoin will down to 5 k so i think that everything is possible to happen .
when market is volatile and you can’t even predict what would be the next move for bitcoin, then definitely you can expect anything from such market in case of bitcoin, as they don’t stay at one place and never show any pattern of how it moves, so we can say they never show us one path of move. Everything can happen in bitcoin so prices can move down to $2000 or less as well. |
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1131
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Bitcoin / Bitcoin Discussion / Re: Passive income from Bitcoin?
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on: March 27, 2018, 07:26:09 PM
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you simply invest a little bit of your money in the form of bitcoin.and when bitcoin prices soar you can sell at high prices
Simple way of earning money. And I want to add something in it as well. Don’t go for day trading if you don’t have all the time for it and if you don’t have patience. For earning passively, definitely there is holding method. You actually don’t have to do anything. Just buy coins in lowest possible amount and then start holding them until the prices get higher. At peak moment, just sell. |
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1132
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Bitcoin / Bitcoin Discussion / Re: Is bitcoin digital gold?
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on: March 27, 2018, 07:14:07 PM
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I agree if bitcoin is referred to as digital gold. you can see everywhere everyone talks about bitcoin. I think for the future bitcoin can replace gold.
Naaah, I think that is something booster. Although bitcoins are so superman right now that it is making the world amazed with its amazing feat of success and performance but as far as replacing gold is concerned, definitely this can’t happen. Neither now nor in coming years. But if the time comes after 2 3 decades when bitcoins would be best currency or asset in world, then the chances can relive. |
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1133
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Bitcoin / Bitcoin Discussion / Re: can bitcoin change our world?
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on: March 27, 2018, 07:07:38 PM
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yes it might happen. Everyone knows bitcoin and Many people are successful because of bitcoin. Currently there are already some countries using bitcoin and bitcoin also been proven to have changed someone's life better.
Actually everything comes with a specific goal. Nothing in this world is valueless. What we all are seeing around us, every element have a certain goal to achieve. So bitcoins came with some distinct goal as well. Like you have said, they can make the changes in financial world or the payment system but if someone say they will be making world a new place for living, this can’t happen. |
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1134
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Economy / Gambling discussion / Re: Does becoming a parent changes the gambler?
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on: March 26, 2018, 07:26:00 PM
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No. I do not think it does because if the father is going gambling then more likely the wife will too making it a family affair. There are female gamblers too. It goes both ways and this also ends up as a faimly problem. Getting addicted to gambling does not mean one should not take care of family. Actually women should not gamble because have a huge role to play in a child upbringing. But so does the father. The kids stay home while the mother makes sure the father doesn't lose all their money at the casino and also making sure he stays honest and doesn't cheat on her with a cocktail waitress.  Well thats another story pertaining to adultery then. Kids need to be taken care of by the entire family. Any compromise done by either parent is unacceptable. I think yes. Becoming a parent will make them more responsible for their life and they will save their money for their children instead of wasting them in some casinos. Being a parent is a good experience for all of us because it does not change our mindset but also our life
Becoming a parent is different experience of life altogether. It can turn a bad human is a good human in a few months. Only those who are parents can actually answer this. But as I have heard from others, it think the same as you but I have also seen many people who do not care about their children or anyone else. Actually, in this world there are all sort of people. Many might change themselves after getting a child but some may remain the same. However, I wish even those people who are not parents, leave this game because it is a useless activity. |
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1135
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Economy / Economics / Re: Why BTC is having a high price?
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on: March 26, 2018, 07:11:59 PM
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It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?
last year's price hike on positive news about bitcoin and even bitcoin legalization in some countries also affected the rate of price increase. but this year's huge decline was due to the many negative issues about bitcoin and crypto that kept prices down considerably. Its really true about the supply and demand, more demand or investors the higher the price will be. If some whales starts to sell his holdings then let them sell. If we just encourage people to invest bitcoin and hold it then we can achieve like what happened last year. We should not depend on the whales whose playing with bitcoin, its their money and strategy. Just work on how to encourage more investors to help bitcoin rise. The higher demand of bitcoin makes it higher in prices than rest of the coins. People want it because of its high prices, because of its tendencies of creating new records in the world of crypto currencies. The one who is holding even a single bitcoin is capable of becoming rich if he sells it at the right time. All this attracts investors and their large investments into bitcoin make the market flourish hard, leaving bitcoin at high prices. |
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1136
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Alternate cryptocurrencies / Altcoin Discussion / Re: ETH next to BTC?
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on: March 25, 2018, 09:27:08 PM
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The current price of ETH looks very promising for growth. Recently, the ratio of the etherium to bitcoin has fallen sharply, which means that the growth potential has grown very much. I invest in the etherium since I see that in 2018, by capitalization, it must outrun bitcoin and give the best interest.
Ethereum is nothing as compare to bitcoin. It is all good and so only because we can buy it at much cheaper rates than bitcoin even in the present red digital market but investors have to look the other way around. They focus more on the amount of money earned by investing in some particular place. Now the end year value of ETH is 3k dollars at most and that of bitcoin is 30k dollars in the least. How can anyone say that Eth is better? |
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1137
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Economy / Economics / Re: The advantages of bitcoin
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on: March 25, 2018, 08:47:08 PM
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Freedom of payment - any amount of money can be paid and received instantly and anywhere. No bank holidays, no borders, no imposition. Bitcoin allows its users to completely control their money.
Very low fees - there is no handling charge or very little handling fee for the current payment of bitcoin. The user can include the handling fee in the transaction to obtain processing priority and receive the transaction confirmation from the network faster. In addition, there are merchant processors that help merchants deal with transactions, convert bitcoin into legal tender daily and deposit funds directly into merchants' bank accounts. Because these services are based on bitcoins, they can provide a much lower fee than PayPal or credit card networks.
Reduce the risk of merchants - bitcoin transactions are safe, irrevocable, and do not contain customer sensitivity or personal information. This avoids the loss caused by fraud or fraudulent withdrawal, and there is no need to comply with PCI standards. In places where credit CARDS cannot be used or fraud rates are too high, businesses can easily expand new markets. The net result is lower costs, bigger markets, and less administrative costs.
Security and control - bitcoin users are completely in control of their transactions; Businesses cannot force fees that may or may not be found in other payment methods. Paying with bitcoin doesn't have to be tied to personal information in transactions, which provides great protection against identity theft. Bitcoin users can also protect their money by backing up and encrypting it.
Transparency and neutrality - all information about the money supply itself is stored in a block chain, and anyone can check and use it in real time. No individual or organization can control or manipulate the bitcoin protocol because it is password protected. This makes bitcoin's core believed to be completely neutral, transparent and predictable.
Absolutely right mate, it's a very well said. There are many advantages pf bitcoin that can help people to reach what is their goal in life. There are physical breakthroughs such as in materially and financially. Bitcoin really helps people to achieve their dreams. Thanks to bitcoin. Yeah bitcoin is multi talented currency it make people rich so with the help of bitcoin many people have achieved the goal of their life, today people are employed only because of bitcoin, I my country many people are getting fast profit from bitcoin because bitcoin investment is the world most larger investment and most famous currency which is increasing the way of profit and getting fast profit for the investors now, today if you buy a few bitcoin, you will be able to sell all your bitcoin with huge increase may be 99% of increasing price from your investment. The main reason why people get attracted towards bitcoin is not anonymity or security, for most of investors it is the amount of profit they can make out of bitcoin. if someone buys one bitcoin today and hold it until 1st Jan of 2019, he would be already making a profit of 20k dollars in the least and holding the same bitcoin by 2020 means earning 80k dollars. The longer someone holds bitcoin, the greater is the profit earned. Truly amazing currency! |
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1138
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Economy / Economics / Re: Working smart vs working hard - an ultimate guide
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on: March 24, 2018, 09:13:00 PM
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This is a sequel to this thread. If you are interested only in the fat of the thread and the cream of the theme, look no further than this and the second post here.
Many people say that you should work hard if you want to succeed in life and rise to riches. I'd rather say that working hard will only make your boss richer, not yourself. On the other hand, there is an age-old adage which says that you should be working smarter, not harder. But working smarter is a vague idea, and I'm interested to hear what people have to say on this topic. As far as I'm concerned, I think that working smart comes down to creating environment where you will have more chances to meet Lady Luck smiling at you, where you will be able to hit a lucky strike because luck plays an ever-important role in our lives. For example, if you want to find a date to have a romantic relationship with or you are looking for a one-night stand only, you will go to a beach or a bar since your chances are higher there, right? The same approach seems to be applicable to work as well. In other words, stick around the places where your chances of success are the highest. So share your opinions here, guys. What is your practical take on working smart? In the beginning you will have to work hard only to arrange some money. Thereafter, it is time to act smart by making that money work for you. I would like to draw here the comparison between these tow related to the market. Working hard is like reading every move of the market on hourly basis and checking the graph and the worth on hourly basis with the predictions and working smart means that you can rely on the work of other financial groups who are more professional than you and then you can make the decisions on that, so whatever you choose make sure that it is accurate and good for your business. |
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1139
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Economy / Economics / Re: Can you start from zero cash and make a living with the opportunities in crypto?
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on: March 24, 2018, 08:27:36 PM
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Yes you can, as long as you know how to start. With lots of freecoins now and other free bitcoin mining and patiently do the task then you can earn from nothing. then use that small earning to invest so it will grow. Research other ways to earn to double your money. Then until your earning will be stable.
This is the longest path in this market which require a strong will power, the power to do something unique, consistency and no fear of failure. You can start with the bounty campaigns and do the favour to the senior members to earn the bitcoin, then you can do the both that is trading and the campaign. You have to go with the diversified plan and your grip on the market should be firm and confident. You are going to get the success if you guarantee hard work which is done smartly. |
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1140
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Economy / Gambling discussion / Re: Does your family past incidents effect you?
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on: March 23, 2018, 07:24:23 PM
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Well, families which drug problems are usually pretty strict with everything so I can assume it's the same with gambling.
One son gambles everything he has, and others are not allowed to bet 1$ in a coffee shop.
Gambling is a very destructive game and if someone has put such a restriction like not gamble even one dollar in the coffee shop, then it is for his own betterment. Even if one dollar is not very big amount and losing it would hardly effect the guy but this can develop a temptation in the player and he might come back to play more. This is how everything starts. Then after few games, he will become an addict and start losing big amounts. |
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