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1761  Economy / Economics / Re: Biggest personal bitcoin loss on: June 05, 2018, 03:05:53 PM
Hmm the biggest loss I can remember is only a third of a whole bitcoin, not much compared to those who were left nothing by the Mt. Gox fiasco. Also the biggest losses I could think of would obviously come from gamblers who are addicted to that thing.
Very sad when a large exchange site can be a scam, of course there are thousands of bitcoins lost because of this case and it makes the bitcoin market chaotic in that time, luckily I have not joined bitcoin yet when it happens, but for gambling I'm also get a lot of loses, at least more than 1 btc loss that I get in the past year because of gambling
1762  Economy / Economics / Re: Why we need price crashes and panic selloffs on: June 05, 2018, 03:04:02 PM
The constant and regular buying and selling of bitcoin and other cryptucurrencies helps keep the market alive. We do have people who just want to sell off to have Fiat just for some emergency need; they don't care if the market is in dip or red. The panic sellers too sell off because of not  doing real research on the altoins they are holding
Yeah you're right the price crashes may be necessary for the buying and selling to stay alive, imagine if the price keeps rising, maybe more people will sell than to buy, actually the falling price is a reasonable thing of a market, and it gives the other user a chance to buying bitcoins at a cheap price
1763  Economy / Economics / Re: Why Big Banks are so Nervous About Bitcoin ? Why ? on: June 05, 2018, 02:52:10 PM
One of the reasons that is frightening is that banks are afraid of the bitcoin competition and in the end they ask the government to ban bitcoin in the country. So that the bank can still be used in that country.

I don't think there will be any competition between bitcoin and bank, whereas both have different functions? bank is a place to save money and bitcoin is currency, besides both also can cooperate? the bank may accept bitcoin as a deposit and withdraw option, it's just about time for that to happen, the bank is not that afraid about bitcoin #imo
1764  Economy / Trading Discussion / Re: Is the risk necessary to make a big profit? on: June 04, 2018, 03:35:50 AM
Yes. The higher the risk, the higher the return. That is why crypto market has big returns because it has a higher risk. So every money we put in trading or investment, we have to be careful because it might get loss.
Thats right, just as in gambling the greater the risk you take then the likelihood of big profits you will get but unlike in gambling that just use luck only, in the crypto trade you need the skill, knowledge and experience to buy where the potential coins, the bigger your capital, and the more coins you buy the greater the risk, but the likelihood of big profits you will get
1765  Economy / Trading Discussion / Re: what do you think about pump and dump? on: June 04, 2018, 03:31:24 AM
what I think of pump and dump coin prices is a profitable action for those who can take advantage of it, but you should not believe in pump and dumo, they are usually more self-interested than others.
Yeah people can get a big profit from utilizing it, all you have to do is you have to know when the pump will happen and when the dump happens, you have to do the analysis and calculation when dump happens, and you can buy it then you have to sell it when the price really in pump condition, and you're going to make a big profit out of it
1766  Economy / Economics / Re: Investing in Bitcoin? Advantages and Disadvantages on: June 04, 2018, 03:25:37 AM
Investing in bitcoin always has its pros and cons. Due to the unstability of bitcoin prices often rise and low repeatedly.. Investing on it would make a big profit if you are a good investor but there are also disadvantages that may lead you to your bankruptcy.
Investing in bitcoin has advantages you will earn a lot if you invest in a good investor to double your capital and to get higher salary and the disadvantages of investing in bitcoin may lead you to your bankruptcy if you have a not good investor.
I think it's a risk, if you say that bitcoin advantages is giving you a lot of money and bitcoin disadavantages can make you bankruptcy, that is the risk of an investment dude, for specially I think bitcoin has advantages that are not owned by other currencies like decentralization and anonymous, but that's things what makes bitcoin banned everywhere, lots of financial crime happen because bitcoin, I think it's the disadvantages of bitcoin
1767  Economy / Economics / Re: why do people agree to pay taxes? on: June 04, 2018, 03:18:04 AM
People agree of taxes because the taxes that we gave will be going to be the fund for the future development or rather for the the development our country. Also taxes is so very useful to us. Like what i said taxes use for our development of our economy in our country it has a lot of usage the example of that is for the helath of everyone also the taxes we pay is fund for the creation of our roads and other buildings or plaza
Yeah your right,  many people say that they pay taxes not because they agree but because of obligations as citizens, but for me taxes are an important income for the government, I pay taxes not because of necessity, but because I want, I want to see the development of the country from the sector infrastructure, the intellectual life of the nation, etc, starting from paying taxes
1768  Bitcoin / Bitcoin Discussion / Re: Keep safe your Bitcoin from hacker on: June 03, 2018, 04:19:59 PM
There are so many precautions in keeping an online wallet very safe. It is easier to keep a hardware wallet safer than an online one. I would therefore recommend hardware if everyone can afford it.
I really want to try to use hardware wallet, it seems to be very safe because you can keep it your bitcoin in Ledger USB wallet? but I want to ask, what if the ledger usb was lost stolen? how is my bitcoin next? will my bitcoin disappear? at the moment I'm still using online wallets that I add 2fa so it's very safe for now
1769  Economy / Economics / Re: Economy in your country on: June 03, 2018, 04:07:08 PM
My country's economy is bad because the government destroys the country too many corrupt politicians and poor people the poorer the rich get richer the price of expensive goods I hope someday the country's economy will grow and many people have good jobs with good salaries.
I have to say the same for my country as well. The bitter truth is that there is everything in terms of natural resources you can think of in my country, but the problem generally is that you can hardly see any improvement in the economy and as a result of high level of corruption, things apparently just kept getting even worse over time, with inflation being the norm of the day, the masses not really having a good feel of their own government. It is crazy!
That's why the government and the elite country's (politicians) will be very influential on the economy of your country, how policies that benefit to the people and do not make misery, not abuse their position for corrupt acts, you know that we pay taxes regularly but the money is used only for the satisfaction of politicians only, I'm fed up with what politicians do.
1770  Economy / Economics / Re: How can we make this world economically better? on: June 03, 2018, 04:02:14 PM
We can't deny that there are countries especially the third world countries are suffering from all of these. If only their economic status will boost, maybe the government can do something about it. I also believe that with cryptocurrencies, the economic of poor countries will probably grow and anyone living on it will also improve their way of living.
Making the country's economy better means that the government should improve their people's economy right, the high poverty rate affects the country's economy, many African countries have a bad economy because most of the people are poor, I think the root of the problem is from its human resources, the government should focus on this problem, the lack of human resources about less science, knowledge, lazy, and so forth. it should be improved to improve the economy
1771  Economy / Trading Discussion / Re: The reason people do not want to invest in crypto on: June 02, 2018, 01:29:42 AM
I think that this is a question of the very nature of man. The basis of distrust is fear. so that new and something unknown scares. Over time the situation should be corrected)
until today in the world and so there were quite a lot of financial pyramids, because of which many people lost their means. That's why people have a fear of possible fraud. and another important fact, which negatively affects the current situation, is the investment in Bitcoin in 2017. Today, these investors probably regret their contributions.
I think it's natural when they are afraid of something new because it is a reasonable protection from humans, but the thing that makes them more afraid is the media, they say that bitcoin is a very high risk investment, very likely to be a scam and harm you, a lot of scams and crime, so people are increasingly afraid to invest in bitcoin
1772  Bitcoin / Bitcoin Discussion / Re: Bitcoin will get legitimacy in all countries? on: June 02, 2018, 01:22:43 AM
Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?
I guess not their are still a lot of country that will not adopt bitcoin in my opinion because they dont agree in the system or they just dont trust the system but even without them it doesnt mean that bitcoin will not be successcul because bitcoin will be a success surely a lot of countries are now starting to adopt bitcoin and starting to use it us a money 💰.
Yeah you're right there is not even a legalization, it doesn't mean bitcoin will die, development will continue but I am not hypocritical that legitimacy will make the development of bitcoin become faster, we don't know how response a country about bitcoin in the future, whether in legalized or not? because it is very likely the government bans for reasons detrimental to the state, and may well be legalized by the pressure of many people?
1773  Bitcoin / Bitcoin Discussion / Re: What does bitcoin need to improve? on: June 02, 2018, 01:17:05 AM
i think bitcoin needs a lot of improvements because I sae new cryptocurrencies that are better than bitcoin and have more advantages than it but still bitcoin is the king because that is the right place for it.  really need to develop or improved its speed of transaction of payouts or cashouts, cause it takes a day or two for you to cash it out, and also its transaction fee, its whooping high for a transaction fee, thats all its not that a really problem to be fix and bitcoin does not need to improve their technology, because it's the current technology that makes bitcoin great.
Of course the improvement is very important for the development of bitcoin so that people do not leave bitcoin for reasons getting worn out, I think developers should listen to this, bitcoin continues to survive because bitcoin has positioned itself as the ultimate cryptocurrency, so even if there is more sophisticated technology, bitcoin will still be difficult to replace, but that does not mean bitcoin can run in place, there must still be improvements
1774  Economy / Economics / Re: Each country has its own crypto currency! on: June 02, 2018, 01:08:19 AM
America is the most open to this market. So I think that USAcoin will grow faster than others. investment and trading power will grow faster than others.
Lol I see this little bit as a joke, who will make cryptocurrency in every country? government? I think they will not do that, because the government system is different from the crypto financial system, maybe a third party? but even if the coin is made in that country does not mean it is representative of the country, and is not automatically popular in that country
1775  Economy / Trading Discussion / Re: Day trade is more a lucky thing or skill on: June 02, 2018, 01:02:57 AM
A combination of both. trading also needs a strategy and it is a skill that needs to be sharpened and improved. Trade without strategy? then goodbye.
Yeah you're right maybe a combination of both, luck is also necessary if you do daytrading especially when the price change so fast that day, of course luck will give more possibilities to profit, but skill and strategy more give more important influence, without skill and strategy, certainly the possibility of profit will be smaller
1776  Bitcoin / Bitcoin Discussion / Re: Bitcoin cannot be a global currency on: June 01, 2018, 03:10:22 PM
Did you president publish a law on your country that Bitcoin won't be a currency? If yes I believe you but if youndont have a solid basis for your proclamation then keep quite.
I think to be a global currency doesn't need a special rule from the president, I think bitcoin may be a global currency in the future? How could be? bitcoin will have a large users all over the world and surely you can do deals and transaction with people in different country with just one currency (bitcon) and bitcoin has become a global currency for many people
1777  Economy / Economics / Re: Reason we pay taxes and why we should on: June 01, 2018, 03:01:02 PM
Yes that's true. Many people complain about how expensive they paid tax, and always said that they got nothing from paying tax. It's not neccesary to do so because what will it do good for them?
But they don't realize that tax is one of the biggest government income, that may be able to keep our country going. And of course, we can't feel the benefit of tax directly. But we can feel it through all the services we get, public facilities and others. New infrastuctures, subsidy, and such. People should be aware and pay tax regularly. But the government need to manage the tax money and use it well too, don't let it get corrupted and make everything be in vain.
You are right that tax is the biggest income of the government, I think people need to realize that public facilities such as bridges, good roads, and so on that you are using taxes paid, taxes are very helpful to government finances, and we must obey pay taxes so that the country becomes more advanced
1778  Economy / Economics / Re: What language should I learn next? on: June 01, 2018, 02:51:39 PM
In the name of progress nation China and Japan will be progress regarding to their economic stability,but choosingyour learning languages will be a good opportunity as well but I prefer to choose as Japanese language because Japan we'll be involved to cryptoland,so that if your need translation campaign you knowledge will be used to this activit.
You right, these two countries have great potential as an industrial and business country, the economy is moving fast in this country, maybe you should learn the languages of these two countries so that later on maybe you can do business and cooperate with businessmen in their country, you know that product from japan and china increasingly dominate in the world right
1779  Bitcoin / Bitcoin Discussion / Re: How foolish are people who invest in Bitcoin? on: June 01, 2018, 02:43:59 PM
I think that it is not right to name people fools if you find something wrong. Each person has his or her own opinion and if you disagree this doesn't mean that one of you is a fool.This means that you support different opinions. As for me, bitcoin has a lot of pros.

Foolish people get a huge profit from bitcoin investments, yeah lots of people still benefit from bitcoin trading and investments, I don't think choosing bitcoin as an investment is a fool, because the proof is a lot of people making a profit here? Lol yeah you're right everyone has his own view of bitcoin investment
1780  Bitcoin / Bitcoin Discussion / Re: Will banks ever offer bitcoin deposits? on: June 01, 2018, 02:40:58 PM
I doubt that the big banks will offer bitcoin deposits, but the small ones, I think , sometimes it is possible someday and will start. Wink
Yeah maybe someday, we do not know it's possible the government started to legalized cryptocurrency in the next few years and when the legalization has been obtained then the bank may offer a good deal for cooperation with bitcoin or other crypto, in the form of deposit or withdrawal using crypto, it might just happen
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