Just wanted to know people ideas on what is the good and baf impact of BTC in the economy of a country. I am glad to hear different people views regarding this matters and get some ideas from the tenured people around these forum.
That depends on which side the country’s citizens are– whether they’re on the losing side or the winning side. To explain, what I meant to say is if the citizens of a country Investing on Bitcoin bare always losing, then it will affect the country negatively and the rate of their economy will be dropping to a lower level depending on how much the country is losing. But if the citizens of a country keep on making profits from their Investment, then the country’s economy rate will be having a slight increase daily. |
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Using one currency will not solve corruption in fact it will cause more corruption, Anarchy and chaos. the poor will be poorer and the rich will be richer. by the way every nation have constitution that guide and protect the nation. unitary currency will cause trade imbalance and many company will be affected people will loss job and crime rate will increase. migration policy will also be affected. having one currency is practically a bad idea
Things won’t really be good…meeh…some will feel like they’re being cheated or something like that. And some people will want to go to a country where they will earn bigger money, cause they will discover their money isn’t worth anything. Every products from technology, agriculture and all of them would be made for everyone, and this would make some feel like they’re getting cheated when they have to produce most of the things needed. So one Currency is a very big bad idea. |
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Opinion on 3 month gain? I cant decide which tech to stock up... komodo has PoS too..
I would have chosen Komodo but man, that coin got dumped pretty bad before the whole recent event and I even held the coin for long without much improvement. I just had to dump it. Although I do not know much about LISK, but from what guys have said here, I will rather go for none of them. |
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Again? Such news appears too often. There will be electricity and there will be a crypt. Only propaganda can help governments.
Such kind of news are spread to panic the investor and take down the popularity of crypto currency and In case of bitcoin previously the different rumors are flying and most of investor take it seriously and price goes down to 3000USD and then the awareness program is started so that this panic selling should be avoided now o one listen to such kind of news there is no confirmation on Russia news yet so don’t worry. |
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What do you think best coin is
I think that coin is best coin whose owner say everything openly . I means to say that the onwer directly communicate with the users questions and can make change in the coin technology and concept of doing progress . Here another thing that should be the honest communication of coin's team with the users Because here I found that many coins are in the market but Thier owners/tram are not replying us for those coins regarding questions . And also it should be a mendatory thing that the team of the coin should do new new projects with the coins like to start accept at any site , shopping site , better investment program also etc . If these types of the things will be follow by the coin's team , then in my opinion that Coin will be the better coin and people will also attract toward that coin also because everything will be open for the user and user will take more interest . As far as above conditions to the best coins are concerned bitcoin is fulfilling all the condition its users openly speak about it and there a lot more benefits of bitcoin which are very impressive like it give opportunity to use it as investment as well as payment and it is also accepted by one of the largest stores in world and this shows the strength of bitcoin and it will stay on the throne of coins to rule. |
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We only see a growing number of altcoins, however it will not imply that BTC long term investing is not profitable in any way.
I believe that bitcoin will always be a good investment in a long-run, perhaps a constant trading of certain coins will make the altcoins stable as of today.
AFAIK No one is going to Hodl an altcoin. just an opinion.
It is not just your opinion alone but a reality for millions of crypto users. Yes, everyone who is somehow linked with crypto market is well aware of the fact that bitcoin is the best coin for long term trading and without bitcoin the survival of crypto market is no possible. As far as holding bitcoin for long term is concerned, it is crystal clear from the recent increase in bitcoin prices that it is going to continue this journey till the existence of digital currencies. |
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Wouldnt agree with the "all in" component, but yea, bitcoin and altcoins way too would seem for now really viewpoint lengthy phrase investment, also quite risky however.When you younger you can find the money for some hazards, trigger you have time
By saying “all in”, the op meant that young people should leave their studies and go for Bitcoin, which is a very stupid idea. Even the op seems to be an illiterate, cause his English is not good– if young people should go “all in” into Bitcoin, then they won’t achieve anything, they won’t know anything in bitcoin, even the basics like sending & receiving, cause they won’t know how to read and write, not even to mention– operating a phone and a computer. |
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This surely tend will be increase the number of people using bitcoin, many companies receive bitcoin payments, and maybe even some colleges will provide a course on the development of internet technology that talks about bitcoin. Seems that's what happens if bitcoin is legalized in a country where I live. The point is definitely a country that has legalized bitcoin, bitcoin will be more popular and more closer to the community and the government will definitely provide the service agency that regulates / controls on using of bitcoin like in Japan.
According to me if that happened the face of world will got change and a lot of people’s problems will solves but the thing is bitcoin is illegal and that’s why people hope and pray that bitcoin become legal and they get profit from it for their future and their life. But I know one day that will happened must and people lives will change and earth will become full of happiness from everywhere. Where on earth did you even get your info from, or you just feel like contributing without even being clear of what you are saying. Bitcoin is not illegal, I need to correct that first. The fact that some countries have declared it illegal in their place does not make it illegal globally and if you have been on the news, you should have known that like of Japan have adopted and started regulating it for usage by her citizens. So, you should change that opinion immediately. After all, like you said, a global thing would really make it more valuable and those who are in the system now or before then, will reap the fruits most. |
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Should I stop buying BTC for above market value or should I start paying the listed price? I support Bitcoin and still pay 5k a BTC does anyone see bitcoin going back up?
Keep buying, even a person that entered the market a few weeks ago will be already in profits, many people worry too much, yes sometimes your investment is going to be below the price you bought but with time the price is going to rise and the chances that it goes below the price you bought will be a lot lower, all of those people that bought at 1000 are going to be perpetually in profit. Few weeks ago when the value was less than $5000, so many people were wondering if they should buy or not and probably were waiting for a dip that never came until they woke up the next day to see a bullish trend that swept the whole floor clean. Right now, bitcoin has tested support recently at $5200 and came back right up. I am pretty sure the next trend will definitely be breaking past resistance pretty soon. So, buying anytime you have funds to buy is just the best. |
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Now, i so not really have a clear plan for bitcoin, but i am just thinking about saving the maximum possible of coins and trying to invest them at the right time and when i really feel that i can get a big win from bitcoin.
Well, saving maximum number of coins for the long run is a plan, isn't it?  The thing is everyone wants the best from bitcoin and has long as the best knocks in one day, it is just to enjoy life and pretty much keep the cash flowing in. For those who may be saving for long, a time will come when we will have to think of investment, either within the cryptocommunity or outside, so as to keep multiplying what we have without tampering with our original investment that has grown in value. |
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So in trading how do you deal with loss? For example you've invested in an alt and now it has fallen quite hard and you're on the brink of losing all your bitcoin you invested in it.
How do you actually deal with it? Do you wait and keep on waiting in hope that it will bounce back up and return your investment or you sell and get whatever left of your investment?
I remember the time I have .2 BTC and bought XMR (can't recall the price of it but its really cheap back then). The reason I bought XMR because of its potential at that time which my instincts told me to do so. However, upon 1 week of monitoring the price, I noticed that it goes downward per day so what I did is sold my remaining XMR's and move on. The next 2 days or so hit me really hard as the price was increasing. I lost around 0.08 at that time but then again, I just focus and believe (risk) on XMR and to this day I'm happy that I've learned my lesson back then at the same time XMR was one of the succesful Altcoins up to this date. That is always the point! You will most definitely learn your lessons from every mistakes you make in a trade which resulted to a loss or the other. And the good thing about it is that with that, you are always going to be able to make better decisions in the future. There is no one that has never experiences mistakes, failures and losses in the past, even the pro traders and in the outside world, business men have. What is important is picking up from that point and recovering better next time. |
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Whose person doesn't aim to be rich? of course all of us but not everyone desire will happen. Also, it's impossible that all of us will be equal in wealth at the same time. There is no such thing and even if we became rich, we will still continue to work.
No one definitely wants to live a beggar life. However chance, opportunity and making very good use of this opportunity is what makes someone's life change. Everyone have their stories, including the very rich ones today, it just takes making use of what you have and building it into what you want to get the best you want in life. Also, it is just a lazy or stingy man that would want to live such a life of mediocre cause unless they want to be useless, there will always be some level of responsibility either poor or rich. |
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What are the things to do to succeed in trade? What are you doing to make your business bigger?
How can we make more money?
Spending much more time on your business is the key of success. Not only trading, but also if you are engineer or somebody else, you have to work on your business hard. Then money comes days, months or years later. People need to work hard and focus on what they are looking for. In additon don't forget to do it willingly. I totally agree - even Michael Jorda, Lebron James, Floyd Mayweather, and other superstars are still practicing and honing their skills how much more the people who are just ordinary players or in our case, how much more if we are just a simple and ordinary trader? Practice makes perfect and it does not mean that there is an end to practice to becoming perfect because it needs to have a regular practice to perfection. Some people even make the mistake of not understanding what they are getting into and having a huge skill in it before they even start and this always lead to huge failure and mistake and it might take a lot of retrace to get it back together. It is good to learn your trade first and never stop learning as time goes on. No knowledge is lost and you can never know everything at once, there are so many things you will just have to pick along the line and that can only happen by learning or practicing the more. |
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The way bitcoin price has been increasing has been alarming lately and I can say that no other currency has the amount of power that bitcoin has, I can remember vividly sometime during January ( I mean early January) bitcoin was only struggling to reach $1k but now come October, the currency is almost nearing $6k ($5600) to be precise, now I want to ask if there is a mark in which bitcoin will stop increasing or is there a mark it can't cross.
That is something no one can apparently known since we do not know yet how huge the adoption is going to be like. However, if things pretty end up going fine, it is going to end up being huge. So for now, I guess we just have to keep our fingers crossed and keep watching the charts until one day, we will be so relaxed to either stop the journey or continue as the case may be. To me, the journey continues anyway. |
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Getting a job is not possible for everyone, not everyone has family or [friends] to help them and sometimes they will make the bad situations even worse them. If you've ever really needed money and were very desperate, than you probably know that people would let you starve to death rather than give you $5.
It's weird how people won't toss out just a few dollars to help someone in need, yet they'll spend $10000 or more on their pet that has an average life span of under 5 years.
But then again, if you give the person in need money, they'll keep coming back for it. It's a real crap shoot
The thing is bitcoin’s value is good, no matter how small a person asks for it, it still counts. Now, imagine them asking for bitcoin to let’s say 50 people. That would be the key for them to earn, which is bad. It is just like asking why people rob the bank or why people steal or why some people are corrupt. Most people have always been used to the easy way out, do little, target greedy people, promise them something big, try with just little by giving them as promised, get more people in with that and then when we reach our target, we speed off. What bothers me is why some people still fall for this at this age, except greed of course. |
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What do you think is the biggest risk? You could lose all your money. That's the risk. Are you prepared to hold it long term if the value decreases by thousands? What if it never recovers? Can you take the losses? Nothing is guaranteed.
Agreed, but I think it's more dangerous to hold fiat than it is to hold bitcoin (I don't have a comment on other crypto currencies though). If you would've held your dollars for an entire century you would've netted a loss. I think the inflation is more dangerous than people think it is. That's why I love the fact that bitcoin has a total cap of 21 million. Honestly, this is just so true. Let's even leave dollar aside. I have lost so much value on my currency just by holding it and it is just how it is. If I had used that shitty stuff I placed in the bank to purchase bitcoin back then and leave it for this long, I had be better and would be less bothered right now. The inflation thing which the government and banks have rubbed on us is what gave birth to the idea of bitcoin and will always makes things get even better in the long run. |
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That's a well known good strategy brother. Don't worry about the others who say its a loss. They probably don't know how trading works.
If You believe that the coin you invested in has a good potential and it will fall further to rise back later then it's probably the best thing to sell it now to buy back at a cheaper price. To be logical even that's considered as a profit. But be careful as to which coin you are investing in because if it doesn't have the potential to rise up then you are doomed.
At the end, it still balls down to the coin being held. And I really like your strategy. If there are chances of the alts even getting lower, it is best to sell them now and buy back when they are pretty huge on dips and the profit will keep running back once they start getting pumped. Great one mate! This is one piece to take away. I usually avoid trading alts but after come across your way of thinking, I come to a conclusion of why not give it a try in addition to my btc/usd trading. |
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There are many ways to earn bitcoin. One is by doing faucets daily or some every hour like freebitcoin and freedogecoin. There are many faucets nowadays but it will take you so much time and effort and will give you very small amount. One way is to sell your skills too. Another one is by joining campaigns here. If you are a good blogger or can create articles, then you can earn big amounts of coins in joining campaigns but for me the best way to earn bitcoin is thru trading. Although trading is risky, it will give you large amount of coins when you are good at it. (Y)
When I got in newly in Bitcoin, I joined a group where I met a guy and he introduced one faucet to me. I was able to earn 700 satoshis every 1 minute. But the owners closed down the faucet when price started rising, I believe they couldn’t handle it that’s why. But before then, I already got a bigger source for earning something bigger. |
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Knowing this kind of information is pretty easy nowadays , internet and google are your friends and you can get any kind of reviews/comments on any forum . If you search that on internet you have more than 99% of chance to find what you'll need in the first 3 links provided . Never engage yourself or money in a gambling website without seeing reviews about it's reputation 1st .
Now there are more forums that are reviewing each sites,things or places. It's popular for a sites now to have reviews or recommendations as well as clips or insights from popular blog will be a great help. Correct you just for a site and you can millions of review for it sometimes for it or even against it doesn't matter forum can help us decide and even allow us to discuss about the site if we feel something isn't fine about it I will share my experience rather trick in this matter. If anyone has any doubt related to any website or company, simply Google it or go to YouTube. Then try out social websites. Believe me it works. This is how I check out websites and after being satisfied, spread the news on all forums and social sites to save others. Scamming sites don't give you money. They will ask for many senseless things to do in order to get money. |
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Gamble away moneys that isnt yours? bad idea.. Gambling should be for fun purposes only  This is the kind of gamblers that I pity the most. Even after losing their own wealth, they don't understand one simple fact about gambling that it can ruin life. Trying to recover the loss with the same game with someone's money is like adding further fuel to the fire. Gambling itself is fuel into the fire when gambler is an unstable person financially. |
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