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February 18, 2019, 05:27:37 AM *
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1  Economy / Speculation / Re: Do you HODL because you believe the price will go up? Or are you lost too much? on: November 19, 2018, 09:22:15 AM
HODLing is my expression of believing in bitcoin. Not only believing that the price will rise again. I believe in the idea of a money system without banks. A system that everybody can join and where everybody has the complete responsibility over his doing seems right to me!
2  Bitcoin / Bitcoin Discussion / Re: Did you ever regret having gotten into Bitcoin? on: November 17, 2018, 04:23:53 PM
Bitcoin only gave me advantages so far. I never got scammed, nore did I participate at any of the panic sellings that occured. And although we have a bear market at the moment, I still think highly of bitcoin. I think that a realistic estimation is the most important thing you need in the world of cryptocurrencies.
3  Bitcoin / Bitcoin Discussion / Re: Satoshi is Back, suggests Fortune on: September 20, 2018, 07:00:55 AM
My personal opinion: claiming to be Satoshi and writing a book would be a good way to make a fortune. All you need is time and solid knowledge about bitcoin.
Mining needs a big investment in mining equipment, trading is risky, so why not write a book and use the name Satoshi as advertisement?
4  Bitcoin / Bitcoin Discussion / Re: Do whales really control the market, or is that a myth on: September 01, 2018, 07:20:26 AM
The whales who existed became incredibly rich. I can imagine that at some point they lost interest in the market and turned their attention to enjoying their lives.
To me the crypto market has the same laws like as other market, only here everything works much faster.
5  Bitcoin / Bitcoin Discussion / Re: Is Fiat Currency completely irrelevant to cryptocurrency on: August 01, 2018, 01:39:11 PM
Most stores do not accept crypto currencies. At some point you need to convert crypto into fiat in order to buy the stuff you need from such a place.
And mostly fiat is the currency you need when you buy crypto in the first place.
6  Economy / Economics / Re: So many cryptocurrencies ! on: July 04, 2018, 01:17:31 PM
Of course with such a large number of number of crypto currencies it is becoming more and more difficult to have an overview.
But exactly because of that, I think the number will decline. Those currencies that can not attract people will vanish.
A crypto currency has to bring something with value to the table. That gains interest, and those currencies will survive.
In my eyes the selective forces of the market will sooner or later determine the fate of every currency, if it can survive or not.
7  Economy / Service Discussion / Re: Yobit campaign over? on: June 04, 2018, 12:26:22 PM
I would like to know from the campaign members, when was the last time you able to withdraw some campaign money?
To me, the last time was in the beginning of march, so almost three months ago.
Has the campaign wallet been filled somewhen in the meantime and I missed it?
At the moment I am not online here as much anymore as I was in former times, so I can't tell if yobit really took such a long time out in refilling the wallet.
8  Economy / Economics / Re: Prices will some day fluctuate less? on: May 23, 2018, 01:58:05 PM
To me the high fluctuations are still a sign of uncertainty. That is why I suppose the crypto world could become more stable once it is clear how regulations in the major counries will definitely look like. But a stable crypto world? That is something I do not think we will ever see.
9  Bitcoin / Bitcoin Discussion / Re: Learning Cryptocurrency in Universities? on: May 23, 2018, 01:28:30 PM
I think it would be hard to teach crypto currencies in universities. The basics, I think that everybody who is able to visite a university can get that knowledge by himself. And the developements in the world of crypto currencies, I think that they happen too fast in order to be tought in a seperate subject.
What I can imagine is that crypto currencies can fill a few lessons somewhere in the economic region.
10  Economy / Trading Discussion / Re: How do I stop panic selling cryptocurrency? on: May 07, 2018, 03:02:22 PM
I think that there are only two ways to avoid the feeling of panic. On is to have already gathered a lot of experience with crypto currencies. Then you know that the charts can go down, but they have always come back in the past. This way you can look back at personal experience, and that is something that keeps people calm. And the other way is not to look at the charts after investing. If you do not know a panic selling is happening, you can not participate.
11  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin Still Good to Make Investment in it on: April 14, 2018, 08:02:32 AM
Personlly most of my investments are long term. Bitcoin does not make a difference there. That allows me to see the advantages of the investments I put my money in, not so much the current market situation. And the advantages of bitcoin will still be there in ten years. But the numbers of newly mined bitcoins will be much smaller than today. In combination that makes bitcoin to me a worthy investment.
12  Economy / Economics / Re: Why is bitcoin stability important? on: April 14, 2018, 07:43:19 AM
I think that at this point bitcoin still needs to be volatile. It is part of volatility that the price goes down, not only up. But exactly those up and down movements draw the attention of the media, bitcoin gets publicity. I think that without public notofication, the price would only go down.
And regarding the altcoins, I think that most of them can not be compared with bitcoin. They were designed to fill the pockets of their creators. Once the did so, they have outlived their usefulness, so they crash.
Bitcoin was created to have a money system independent from banks.
13  Economy / Economics / Re: Many new rich people are created from Bitcoin on: March 28, 2018, 06:39:28 AM
I think that this new wealth for many people came from all the crypto currencies, not only bitcoin. If we had no trading options of bitcoin against altcoins, I am sure that the popularity of bitcoin would not be as high as it is today. So would be the price. And many people made their wealth exactly by trading. So when we speak of the success of bitcoin, we speak of the success of the cryptocurrencies in general.
14  Bitcoin / Bitcoin Discussion / Re: Are we now in a time of total uncertainty on: March 17, 2018, 03:24:22 PM
I do not see any odd behviour of bitcoin. It does what it always does, sometimes it goes up, sometimes down. Two weeks ago we were above 11K, now we have about 8K. That is volatile, and volatility is the nature of bitcoin. The problem I see is in the peoples mind. Every drop has to be interpreted into an end-time-scenario. But when something is volatile, drops are part of the game.
15  Bitcoin / Bitcoin Discussion / Re: Bitcoin as payment system on: March 06, 2018, 09:25:09 AM
I somehow see bitcoinmore as the investment type under the cryptocurrencies. And I do not think that the Lightning Network will change that, as fast and cheap as it may be. For payments made with a cryptocurrency I see other currencies, Ethereum for example.
16  Bitcoin / Bitcoin Discussion / Re: What makes Bitcoin valuable? on: March 03, 2018, 07:05:19 PM
Bitcoin has value because it gives many people opportunities. There are a lot of people who are able to create an income for themselves and their families because they work with bitcoin. Otherwise that would not be possible for them. These people will stick with bitcoin as long it is possible. And that is another value of bitcoin: it has a community!
17  Economy / Economics / Re: Cash is best for anonymity? on: March 03, 2018, 06:46:28 PM
When you pay cash you always have to do that face to face. And when somebody has seen you, you are identifiable. When you use crypto currencies you have to give your business partner at least a wallet, and that might be tracable back to you as well. I think it is a question of personal taste under which circumstances you feel more anonymous.

A blockchain backed up by gold, I think I have read that in Venezuela they have plans to launch something like that pretty soon. Within a month or so, because their oil backed up blockchain had a good start.

And the 85% cash transactions, that differes in every country. In Sweden there are only 5% of all transactions still cash. Some banks there do not even give out cash anymore because nobody wants it there.

18  Bitcoin / Bitcoin Discussion / Re: Hold out or sell Bitcoin? on: March 03, 2018, 06:38:21 PM
If you have made no profit yet it might be a good ponit to do that now. In case the price drops back later you can always look back knowing that you have made at least some profit. That lowers the impulse to sell when in situations when it better should not be done. I think that small cash outs reduce the predeposition for panic selling.
In case you have already made profit, I like to encourage the people for holding.
19  Economy / Speculation / Re: Will Bitcoin Hit $20K in few weeks time? on: March 02, 2018, 04:30:47 PM
Actually I would not want to see the 20K so soon again. I think those large, quick moves in bitcoin price do more harm than good on the long run. If we would see the 20K very soon, we would experience another large drop again as well. And such a big uncertainty, it scares the people away. That is why I think if we see a large high in a short time, it will prevent an even larger price in a more distant future.
20  Economy / Economics / Re: Why people says gold is better? on: March 02, 2018, 04:06:30 PM
Gold is shiny! For some reason many people like that, so it is used in the jewelry industry for thousands of years. Bitcoin can look back at a tradition of nine years, which is not really much compared to gold. And then there is the thing that many people only believe what they can see. They can see gold, and a dollar note. Bitcoin has a problem in presenting itself that way.
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