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1221
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Economy / Economics / Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?
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on: February 06, 2018, 07:14:52 PM
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most countries tend to use fiat as a method of payment or a legal means of transactions.
Although it can be said that bitcoin users almost comprehensive in the world, but will not be able to destroy fiat and bank.
because the government will not allow it to happen, or in other words it is protected by the state.
The thing is that the crypto is decentralized and it is protected by the cryptography system which hides the identity of the users, so even if the states protects it, it will still be vulnerable because now there are other options internationally to get your money from the crypto. Another thing is if the governments stop the access of the wallets or the exchanges, then people have to use the VPNs. The point is not to make people disobey from the governments, but it is to make the governments to think about the modern ways to accept this system |
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1222
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Economy / Marketplace / Re: Merit not for sale!
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on: February 06, 2018, 07:04:03 PM
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If doing so, it means trying to escape from responsibility, theymos entrusted to be given properly. not pressured by paying some coins. it has violated the rules of this forum.
There is no doubt that the rules of the forum have been neglected for the personal gains, but here I want to say that selection of merit will always have some intangibles and people around the globe will always exploit these intangibles to get the benefits from the system. If people on this forum are not sincere while granting the merit, then computer will never be able to do it. |
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1223
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Economy / Trading Discussion / Re: EOS and ADA, Or is there another option?
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on: February 05, 2018, 06:40:01 PM
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Have a look at Vechain, they have a working product, also ICX - has a huge potential, they are both trading and doing quite well.
I will absorb your advice, thanks for your sharing. I think in the altcoin, XLM, Ripple and Ltc are other good options to look into, because these are very low at this point and the chances are that they will help you to double your money really fast than other crypto currencies. Rest the best judge in the market are your instincts but you have to train them for continous positive feedbacks. |
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1224
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Economy / Economics / Re: Will we ever live in a cashless society where cryptocurrencies thrive?
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on: February 05, 2018, 06:13:17 PM
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I don't think that we will live in a cashless society because not all people in a country can access and use bitcoin since it requires internet connection. And I think government of a country will not allow it since crypto currencies are decentralized, they cannot control it.
To be cashless society need a recognition from the government about the currency that being use. The disadvantages of without a cash is the need of internet to access on it and not all people do not aware about cryptocurrency around the world. Not all people are having access on it. It will be hard to be cashless because bitcoin has no stable value where you do not want to spend when the price drops. Another point which I would like to make is that even with the fiat currency banking systems have developed a credit card system which gives you an opportunity to go cashless and with the cards only. The latest invention about thumb impression for payments on different places is also a very good step towards the cashless society. Crypto stays or not, we soon will be going cashless in near future. |
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1225
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Economy / Economics / Re: panic selling
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on: February 04, 2018, 07:15:38 PM
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No one knows where free fall will stop, so it's best to hodl and hope for the best. Even though a big loss in price, Bitcoin still retains huge popularity and is even more and more discussed, therefore the should be upward trend once the panic stabilizes.
No. we do not know about it, but we can guess. I suppose the fall will be stopped close to the end of February. The fall will have to stop some day, the best thing is that the bitcoin has recovered after some days of fall, so the fall wasn’t that bad as it could have been. Many crypto currencies are seeing this fall and at this time, only 1 percent of the crypto currencies is going up, rest all of them are going down. This is because of some different events taking place on different parts of the world, so let’s stay calm for the time being. |
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1226
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Economy / Speculation / Re: Will Valentine's Day affect BTC?
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on: February 04, 2018, 07:06:03 PM
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there's no corelation beetween valentine's day to crypto. i mean in valentines day people show their love to their loved ones (not always spend much money, i think u think about this so ppl will pay out their fiat).
And mostly people who play crypto don't care about love, they only care about lambos. cheers.
I will say that the thinking is perfect but the timing is wrong, the issue is that bitcoin is acceptable in only some parts of the world as a real currency, in rest of the world you have to convert it in the fiat currency first and then you can shop around. So these thoughts you just shared can be practical and feasible after some time when the super market owners will start accepting the bitcoin. |
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1227
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Economy / Marketplace / Re: how to turn your blockchain balance into real money?
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on: February 03, 2018, 06:05:02 PM
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I don't know how to cashout? I am from Romania, what are the possibilities to cashout a large sum of money at once?
In order to cash out, you must convert your altcoins to bitcoins and you need to make a bitcoin wallet. In my country we used here the Coin.ph to convert my bitcoin to national currency and then cash out. But I don't know in your country if what wallet you are using for cash out. I think you should ask for your friends who are resident also of your country. You are lucky that in your country you have the exchange, the real problem is for those people who live in a country where either there is no exchange or the exchanges charge a very high value of the commissions, and this thing really demotivate you in trading. A good part of your profit is taken away by these exchanges. The best way to convert it into fiat currency is to apply for PayPal or Payoneer type cards so that you can get the money with less deductions. |
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1228
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Economy / Marketplace / Re: I only have 200$ per month !
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on: February 03, 2018, 05:49:37 PM
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I would not advise you to invest in Bitcoin, it's very risky investments will be, but here at the expense of the Ethereum, I would in your place thought, I think there's a chance there will be more in the plus!
This can be one of the opinions, but I think if you have opted to invest in Etherium for more profits then go for Stellar (xlm), IOTA or ripple because recently they have been very much profitable for a lot of the people. Etherium classic is also on the rise, there are many other currencies as well, so if you want to invest in other currencies, then you have a list of other currencies, before investing you must be 100% sure about that specific currency. |
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1229
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Economy / Marketplace / Re: Buying Coins
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on: February 03, 2018, 05:30:54 PM
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It is very difficult to say where you will get cheapest rate of coin. You have to scrutinizing different exchanger and can check same coin price. You can also get help from coin market cap where you will see in how many exchanger the same coin exchanging.
It also depends a lot on your country where you live, because there are countries in which there is a ban on the trading of the bitcoin so people from those country use the international accounts to invest into these currencies, I think the best way about knowing this is to discuss it with your fellow country men and ask them about their reviews before making your mind. At least by this you can easily shortlist some best exchanges working in your area. |
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1230
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Economy / Trading Discussion / Re: Crypto Trading or Online betting? 2k Usd budget.
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on: February 02, 2018, 08:08:57 PM
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Newbee here. Please guide me.
Which is more profitable in the long run, Crypto trading or online betting ?
I would choose trading, not that risky, you can have your own strategy and not lose a lot while starting. Betting is ok if you have a lot of money and you feel like give it a try, but the chances to derive a benefit are much less. Use Binance and CEX.io trading platforms as you begin, they're trusted and have low fees. First thing is that Trading is always better than betting, secondly if you have an account on binance or cex.io than you can do the trading a lot easier way with just a simple know how about the market. These two platforms allow you to set the target once you want to sell the currencies or even exchange, so its more like a betting in trading. Whatever you choose, initially you will loose a bit and then gain. |
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1231
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Bitcoin / Bitcoin Discussion / Re: Bitcoin and Government.
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on: February 02, 2018, 07:21:45 PM
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Is it good combination about bitcoin and our current government? lets talk about this things if these two option was combined in the future, Our government used bitcoin and spread to every people in there countries. For me it is good. why? Because: 1. Is good for all businessman for good transactions. Buy something and sell something. 2. Is good for payments needs to pay like billings every month. 3. For less time and moved for travelling on anywhere we want. 4. Its easy to transfer money from other country with less taxes. this favor is aprove for ofw's 5. Easy to transfer money if they needed immediately like emergencies. pay for medicine. Theres a lot of good reason. I think all of this reasons are great but then as we all know bitcoin is a decentralized so the government cannot transact the money of the people. In this reason the government does not allowed the bitcoin in our country. I think at the present time different governments need to sit together to address this issue because it will be difficult for single government to legalise the crypto currency in the world, so if all the economic leaders of the world start legalising this crypto currency just like patents can be registered from one country thorough out the world. Common people has no issues regarding taxation on the crypto but legalisation is really an issue for the common man. |
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1232
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Economy / Economics / Re: China will become Super Power ?
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on: February 02, 2018, 07:06:12 PM
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China is already one of the most powerful countries due to its industrial growth  The Chinese are building the OBOR which stands for “one belt one road” and this project is multi continental. Now the next thing china is doing is to sell these items in different countries of the world which will be exported through that road. This project will give the multiply effect to the present export of china, which will give a boom to the economy of the country, So future of china is super power and nothing else. |
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1233
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Economy / Trading Discussion / Re: How to know when to sell?
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on: February 01, 2018, 08:05:49 PM
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Knowing when to sell is equally as important to knowing when to buy. As the saying goes, nobody can time the market but one can make intelligent guesses an speculations. The best time to say Is when your asset h as reached your targeted price.
Obviously when you will buy at right price, only then you could sell it at right time and make handsome profits. When you are buying some coin at low price and selling it at high, only then you are making profit. Otherwise you are going in loss straight away. I am quite sure that there are people who do opposite and regret at the end of the day. I want to add that always set your target and follow that. |
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1234
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Economy / Trading Discussion / Re: how to preditct coin price?
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on: February 01, 2018, 07:50:09 PM
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Actually its quite difficult to predict the up and down of coin price. We can always look at the volume to understand the amount of bitcoin being invested. Based on my experience, the key to atleast know the price is constant monitoring at always to be able to be guided with the price changes and be able to make necessary changes at the exact moment it is required to avoid losses.
Yeah bitcoin is unpredictable from the day it has started and now people are enjoying its default nature and this thing helps a lot to the every investor to buy at low and sell at high and ad far as guessing is concerned see the rise of price and if prices stay at the same level for three to four days sell your coin because that is peak profit time and after that dump will come and that will lead to the more waiting season. People really enjoy the volatile nature of bitcoin because this is the only way of making money here in cryptos market. We should realize this fact that bitcoin has become famous because of its nature for generating high profits and that is possible because of the fluctuations in its prices that are exhibited by bitcoin. I don’t think so people are going to invest into bitcoin the same way they are doing now when it will become stable. |
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1235
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Economy / Economics / Re: Weak Hands lose money, strong hands makes profits in this game!
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on: February 01, 2018, 07:41:10 PM
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Well, in any game the strong win and the weak lose...
Yes, it's called "natural selection", as Darwin explained... Remember it is the survival of the fittest not of the strong, this is proven by the dinosaurs, they were the biggest and most dominant species but they were unable to adapt to a new set of circumstances brought by the asteroid that hit the earth, in bitcoin those that are unable to hold for long enough are eliminated from the market while those which have what it is necessary to do it are rewarded, the principle is the same even when the circumstances change. This is the law of nature that it is not the strongest that is going to rule or survive longer but it is the fittest one, the one which is flexible enough to change with changing world and is always there to welcome changes. We all know that barking dogs seldom bite and same is with the investors. Patience is a virtue and it is highly rewarded by nature. Those investors who are really calm and supporting bitcoin are the ones that are mostly on top of the world. |
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1236
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Economy / Economics / Re: Is bitcoin really secure
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on: January 31, 2018, 08:30:40 PM
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bitcoins are safe, the only downside is the prices, because bitcoin values are unstable. The only thing you have to worry about is hackers, hacking your btc wallet, please be careful on phishing sites, you can find preventive measures in the net, and please don't give your email on anonymous persons.
Bitcoin are secured with a high degree of encryption, close to that of the military. No one can pay you money or make a payment on your behalf. Bitcoin can give you full control over your money and a high level of protection against many types of fraud. Yeah mate you are absolutely right bitcoin is the most secured currency t this time and the bitcoin organization is very conscious about its investor’s money security and they will never let anyone to touch anyone else’s money and this thing build trust among the investor community from the start there is no mishap in the bitcoin that anyone looted here so it’s better to use the secure mood of money to earn without risk. Bitcoin is hell secure and we all know about this. It is the most secured currency and it has provided world with that level of privacy which was just in their imaginations. No one can hack your wallets provided you are following two step verification method along with using the most trusted and offline wallets. No one can trace the transactions made with bitcoin anywhere in the world. So in short, it is so far the best and most secured currency. |
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1237
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Economy / Economics / Re: Bankers are killing the cryptocurrency market
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on: January 31, 2018, 07:38:16 PM
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naturally the bank is afraid because if we keep the money in the bank every month must be cut our balance while in blockchain there is never any cuts unless we transact, so people will be attracted to the full blockchain in the bank.
That is true that banks are afraid but they their own startegies how to cope up with these. But at this point banks are trying to handle. For now they can't kill easily cryptocurrencies because many people prefers bitcoin as their job and cryptocurrencies as the formation of transaction. Aside from easy way to transact it is also an advantages for all. Banks has nothing to do with bitcoin and the survival of other crypto currencies rather these digital currencies had made the survival of banks very tough. People are not ready to store their money in their bank accounts because the interest rate offered is very low as compared to the rate of profits offered by digital currencies. Well, I don’t thinks so there is any currency which is able to beat bitcoin. Bitcoin is the legendary coin. |
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1238
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Economy / Trading Discussion / Re: Trading strategies
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on: January 31, 2018, 06:55:12 PM
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Does anyone here have a trading strategy where they look at functionality or the development team behind the coin?
Actually the coin varies in the price due to the demand and supply. As the demand increases, the price for the coin goes up due to the limited supply. But also due to the function and development team the price for the coin may vary and we can setup a perfect strategy to trade with that coin with some good knowledge about that coin. The best trading strategy i use is much common. I just try to study the graph and try to calculate the supply of the coin in past some days and it helps me to understand a proper dip where i should invest in. Trading is actually much interesting and can also give us heavy profits in return if we use it is a approximate manner. There are many factors that contribute to trading and this is why people are usually unable to perform well at trading. There are many ways of staying updated about what is happening in the market and what has happened lately. Keep in mind that the news is not often that much important, what really makes difference is the way you react to it. Most of the people do panic selling upon sudden decrease in values which make them regret later. |
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1239
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Bitcoin / Bitcoin Discussion / Re: No future for bitcoin
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on: January 30, 2018, 08:32:02 PM
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The advent of blocking technology marked a new era in the field of information security. This direction will develop further, but bitkoyn does not necessarily suffer the same fate. Forecasting is a thankless task, especially in matters with such a changeable environment. Therefore, one should hope for one of the favorable outcomes, since the opinion of the society is taken into account in many countries of the world.
So at the very present time the only thing which can assure you of having bright future is none other than that of bitcoin. Bitcoin does not carry a colorful future for itself but also for the ones who are there in the world of bitcoin and are investing their money into it. There is nothing to deny about that bitcoin is very much capable of making your lives far better than your previous life style and can help you in having a better living. |
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1240
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Economy / Speculation / Re: bitcoin worth it or not?
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on: January 30, 2018, 07:37:36 PM
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Hi guys!
iam kind of noob of this bitcoins and i have some questions i need to have answer on.
is it worth to invest right now? do guys think its gonna rise up much more or just crash?
should i buy btc, or just mine it by my self?
best regards
Better to buy bitcoins instead of self mining. I think its a perfect time to buys bitcoins. Many investor wait for decreasing price to buy bitcoins. I my- self buy it last week, Because before Christmas the price was 20k but after this event it decreased to 12k. I believed it will increase again next month in February. Bitcoin is definitely worth investing but only for such kind of people who are having this much technical awareness about the things that they can later on make more money using their investment. The thing is you should only get benefit by investing your money into bitcoin when you have this much of skillset that you can make the things happen in a way you want them to happen. Else, there is no point of investing as it will result in loss of money and nothing else. |
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