THE BITCOINS AND THE UNDERDEVELOPED WORLD…THOSE WHO ARE STILL BEHIND
As time passes bitcoins get more and more interest worldwide, weather sooner or later, it will impact the world economy such that people with no knowledge of it will be left behind. Observing this i can’t keep myself from worrying; what about those who cannot have access to the bitcoins and are not even aware of it existence, this seems surprising but there are much more of people in this situation than people may imagine, those who have never even had access to a computer or worse don’t even have electricity, those people may have access to money though not much but if the bitcoins spread worldwide their situation may only worsen, I am talking of course here of the underdeveloped countries.
Are my fears wrong? If so what do you think can be done at our level to change something being it even only slightly?
I think this is a problem for all of us even those who don’t feel really concern…
Worry is a natural thing, and it proves that you still have a sense of empathy for fellow humans. Inequality has been around for a very long time and it has become the main problem of every country that exists, there are people who are very sophisticated but there are people who have never even known about internet, but in the future I see improvements, people are increasingly aware of technology, but the point is to improve the economy in that country, then this imbalance will be resolved |
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the main reason is about applicable regulations. and both visa, paypal, and others, they certainly won't let this work. if bitcoin can be used, they will lose huge profits. so even when all countries have accepted and legalized bitcoin, not necessarily e-commerce like big like amazon, ebay will use it.
I agree if the main problem of Not Amazon has been adopted by Bitcoin as their payment option is regulation, but if it is associated with other vitual money payments such as paypal or payoneer it is the competition they have to face in the financial industry. Moreover Bitcoin still requires third parties to withdraw their funds into traditional money as a daily necessity. Paypal, Payooner, and other payment methods do not work together personally with Amazon, so why does Amazon protect PayPal from the threat of Bitcoin? I think that is not the right reason, I agree more with the reason for regulation, paypal and other payment methods accepted by Amazon because has a legal law, while bitcoin is not |
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It is a good idea to play poker to improve your skills.I think that trading is a lot like gambling and the only difference is trading has better publicity compared to gambling.
While gambling is considered bad by most of the community trading is considered neutral.However you should be careful as both in gambling or trading you risk to become addicted.
I also think so, although poker is not entirely about luck, but in my opinion poker is different from trading, in trading you cannot just prioritize or rely on luck to be profitable, you need lots of strategies and skills, and trading is not about having fun like on poker, but its okay if you want to do poker to hone trading skills, I don't know if it's related, but it's not a problem to try |
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Definitely we can tell that there are games to which we played always as it will gain us more wins than losing. I have been to gambling in different games but I am now sticking to a certain game to which I love to play and at the same time I always win.
Poker is the game that I usually play. I do not know that every time I am guessing the next cards or my luck will always let met the right decision. I do sometimes call huge amount but these could be rarely will going to happen only when I have good cards held regardless of the cards drawn. My strategy is very simple to call when bet is low and then pass all the times when cards are not good.
BTW, what about yours do you have any strategic play in poker?
I can't really say it is a strategy but, whenever I have the lowest hand, or the number two on my hand I immediately fold. I don't like number two. Is that what you called a strategy? Anyways I rarely lost in poker with this kind of attitude I have. Even it is a pair of two. Just like you, usually I will drop a bad card and leave a few good cards at the end so give me big chance to win. That's a common strategy that I use when playing poker with my friends, of course many of you still have many other strategies? because there are still many strategies that can be explored in poker |
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I started to think about it. How a bank and folks could issue loans to people?
Currently, when you need to borrow money, your banker just edits your balance account and create money magically. You then pay back monthly.
Banks won't be able to do that with Bitcoin with its limited supply. You can't print bitcoins.
But now, between folks. Let's say I'm the banker and you're the customer looking to borrow money to buy a house. I can lend you the money but how to be sure you will pay me back with full interests? With banks, the solution is easy, the bank seizes the house and you can't do something. But the average Joe hasn't the same 'power' than a bank to collect a debt.
That's how the capitalist system works, with the conditions that you signed before you borrowed funds, you wouldn't be able to do anything if you couldn't pay the debt. the bank would easily lend money because he didn't lose anything |
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just dont think it related or linking , the cause of inflation of fiat are come from relations about country and goverment thing , hard to belive that bitcoin protect it
Some people or institutions already recognize that bitcoin is a digital asset. It's like gold, this is to protect the value of our assets from inflation and I think bitcoin is a store of value I don't believe that also, fiat inflation has nothing to do with bitcoin, if fiat doesn't inflate it certainly isn't help from bitcoin itself. bitcoin is not completely protecting fiat, even the existence of bitcoin makes fiat use decrease right? |
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You understand correctly that trading involves the sale of assets at a higher price, but when the asset falls in price and looks promising, then you can buy it again and wait for growth
Exactly.While there is dips,seize the opportunity to buy more potential coins with its affordable price.It takes more patience to hold them for a long period of time and when you see the market is already gaining its growth,you can start selling your coins in its goal price you want to achieve. Every dip can be used as the right time to buy, and while buying it is good to go through its previous growth history on the charts. It'll give a small understanding about its market even to the person who hasn't got much idea on trading and technical analysis. Also investment funds should be separate, one should not take away funds allocated for other needs into investing. When the market conditions in bullish, of course the decline in prices is a good opportunity to buy. because after that the price will definitely rise again. take advantage of that moment as well as possible, for example when the price drops at a price of $7800 a few days ago, that is a golden opportunity, and see right now, you are already get big profit if you take advantage of that opportunity |
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I learned how to scalp crypto-currency and I do it well. I'd like to learn a new system. What do you suggest?
There are many trading strategies you can learn, there are many strategies to read the market direction on the chart, starting from Fibonacci, Elliot and so on. and learning about it, is not enough in just a short time, there are many things you have to learn to become an expert |
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Yes the market is going to be bullish again like 2017. Btc is now very close to 10k$ and anytime we can see the price will make another move to above 10k$ and will stable. It is right that only btc and high ranked altcoins are pumping now. But I think when will make any ways then altcoin also make huge pump to recover their price in btc. Let's see...
We are no longer discussing $10,000 we are talking of $11,180. 2017, is going to be a "child play" compared to what we are going to witness this year. I hope the current bull run continues and we keep seeing the addition of $1000 daily as it happens in 2017 end. I still see now as the low price to buy as Bitcoin maybe trading above $30,000 before the end of this year. That's an expectation that is too high in my opinion, maybe the market is already in a bull run, but reaching a price of $30k is a difficult thing to happen, even to reach $19k in 2017 needs a lot of positive news and lots of other things to support it, if this conditions continue maybe $19k will happen again this year |
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we should call it a centralized online payment processor.
Yes, we should do it. Facebook is not a crypto coin, they will use the Blockchain Network, that's it! Facebook's Libra coin will be used as a payment procedure in Facebook's native apps! Though we don't have any official source for it, but I assume this will be the truth about the Libra coin! Facebook hopes that Libra can unite all crypto users lol. even though they have big names, it doesn't guarantee they can beat bitcoin, crypto users who like decentralization are certainly smarter, they won't be easily attracted to it. |
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Why we do compare each other?Bitcoin and gold has its own differences.But both are good for long term of investments and become more profitable in the long run that most of the investors are likely to invest in both.
Indeed, and I also use both for investment. there is nothing to argue about which is better between the two for investment, bitcoin and gold have their respective advantages and most importantly both are equally profitable. that's what made me buy bitcoin and gold |
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do you watch the games your gambling on?
There are those that I watch and there are those that I don't. It is not really a necessity since all you need is the results but there are times when I just can't resist. I don't think that it is only the result. You see, I bet on a team depending on the plays and the things they have done or what happened in their last games. I don't bet in a team just because they won their last game. Don't get me wrong though, I have a team that I support but I still analyze some of the teams I put my bet on. There are some things that can affect their next game that happened in their recent game. usually people who have fun from gambling will certainly betting when they see one match. For example, when I see a football match between Liverpool vs Tottenham, of course I will gamble it, because it's fun but different from gamblers, they will look for many matches, analyze it, and predict many matches then bet it |
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As we experienced for the past few months, crypto market price is still declined and maintain its position.
For me, i really believed that somehow their are big people or personalities behind it,who controlling the crypto market, it's a some sort of strategy for them to be able to gain huge profit.
To me its no longer a new thing, I always expect things like this or the opposite to happen,. This is cryptocurrency and they are volatile, most especially Bitcoin, so you should always expect things like this to be happening. So this is not new to me cause I have been for like more than five years now. There have been times the market is like this and times it is even worst. Bitcoin has managed to break the $9000 resistance level and has been around $9100+ for a while. Some people are saying that it will be heading straight for $10,000 within a short while. I don't really understand it is manipulation, control or something else but what I see now is that prices continue to rise and we are already in a bull run, that's what I know. the price continues to rise and currently at $11k, many people have predicted that $10k will occur in June, and now the next target is $15k, could it happen? |
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I think it's too early to predict the exact time when bitcoin would be legally accepted in every part of the world. The adoption is increasing gradually off late and i kind of side with you that bitcoin maybe accepted but most of the altcoins would not be accepted globally.
Yes. Bitcoin has gained the trust of majority so it's really possible that in 10 years or below, bitcoin will be soon accepted and adopted as a currency in every country. For now, it might be too early to say about this but if bitcoin won't stop being famous, then it will really make it in the end. getting popular does not guarantee the government will warm up and legalize bitcoin, even in the near future the government can legalize bitcoin if the government gets good profits and there are rules that must be applied to crypto users. sooner or later there will definitely be regulation, both will surely find a bright spot for mutual benefit |
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Foreigners like this one are the most likely target of these criminals especially if they are not aware of the situation of the country. That is why security personnels are getting popular these days as they always need to be protected from these criminals. But what the hell? Why did they even know what taxi to robbed at? This just sounds to me that even the the one driving the taxi is involve, this cannot be just a coincidence as they obviously know who the target was and when and where they will rob him.
That's right, foreigners are the usual victims of these types of crimes so they should be more careful when in casinos. I think someone must have tipped the robbers about the korean national that is why they know what taxi to rob, good thing he was not killed by robbers. I think not only foreigners, anyone who get big wins at the casino should hire a security person to take them home safely with the benefits they get, because of course at the casino there are many people who have glanced at you if you get big winning, that is an old motif you know |
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As far as I know day trading ends up bad and ugly for many traders. Although it could be very profitable it's also very risky and many don't manage to make profit and often struggle with loss. It brings a lot of pressure and not everyone can hold that. But it's good to try and see where your limits are.
Thats for traders who do not have the skills, knowledge and experience, of course many of them might end up in losses. but for a professional trader, of course, the possibility of profits will be much greater, and your job is to continue to practice to be more professional, so the chances of your winnings will continue to grow. trading will be good or bad, depending on your skills |
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Follow basic rules:
1. Do not invest all of your money into single coin/token
2. Invested amount should be within your tolerance limit. otherwise you will loose everything
3. Trade professionally not with emotion
4. Dont be greedy
5. Educate yourself first about crypto, how it works etc
6. Do your own research, do not follow anything/anyone blindly
7. Remember, if you can wait, wait patiently caues you are not in lose unless you sale your tokens.
Well said.If you can follow these basic rules,surely you will make good profits in bitcoin investment.This is not an overnight process to make you rich,you still have to make more struggles and conquer all your fears in bitcoin investment.As long as you have high patience,then all these basic rules will be very possible to you. Thats good tips, once when I first invested, I only used 1 coin to trade and use all capital without a backup of funds and backup plan, when that coin price fell, then the big loss that I got was because I did not have any capital to run backup plan. |
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bitcoin is friendly to users as long as these users can use bitcoin wisely. now the obstacle of bitcoin is that prices go up and down quickly, someone who can be patient and can manage bitcoin might be able to make friends with bitcoin and maybe bitcoin would be friendly to him.
Actually this question will have a varied answer, and of course the answer is not always positive, bitcoin can be called unfriendly because it is difficult to use, use the internet and gadgets and etc, I think the use of bitcoin today for modern people like me is friendly, just need a lot repairs such as network transactions that are sometimes slow and expensive fee, fix that then it will more better |
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I believe the govt gonna took away everyone’s freedom. It’ll be the day when crypto are completely shut down, and that will be the dark day not only for me, it will be the dark age for the entire world. But I’m not gonna predict when it will come. Yeah, tell me the demise of crypto is the same day as the demise of the freedom. Every passing day we will have lesser freedom, taking away one more freedom from us would mean nothing to the govt too.
The government will not be able to shutdown bitcoin, bitcoin is outside the government power network, they can only do prohibitions that are not binding on users, anyone can still use it even if it is prohibited, don't worry too much about it dude  |
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keep your distance from trading can be one of the strategies to get peace in trading so you can get new courage and clear mind in doing the next trade.
Maybe you mean on keep some distance on particular scenarios or situations when you do trade.If you do see that you are making some loss or wont able to perform well on your trade then its wiser to stop or pause for a while and make yourself calm and relax and analyze on how to do the next move. I don't think it will become some loss, keeping distance is important in trading, especially if you are in a state of stress due to loss, keeping your distance will make your mind clear again, and even when market conditions deteriorate, keeping distance is also important |
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