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61  Economy / Economics / Re: Is it possible for someone to manipulate the virtual currency market? on: February 24, 2018, 08:00:37 AM
Of course that is possible, and I think the best way to achieve that is by a media campaign.
That is the reason why we get all those FUD news cumulated every now and then.
These large occurences of false news is nothing more than an attempt to manipulate the crypto market. Unfortunatelly a successful one many times.
And in contrary to manipulating the market with pump and dump maneuvers the media campaigns are not even expensive.
62  Bitcoin / Bitcoin Discussion / Re: Would you still buy Bitcoin? on: February 24, 2018, 07:47:45 AM
If I had some money that I wanted to invest bitcoin would be one of my possible choces. At the price we have tody, and probably even higher.
I do not think that the price for bitcoin has come even close to its top value.
Of course I am thinking long term, I'm a classic hodler and I do not expect any miracles over night.
I think that a successful bitcoin investor only needs two things besides money: the ability to stay calm and some time.
63  Economy / Speculation / Re: Do you think bitcoin has hit its peak? on: February 24, 2018, 07:40:06 AM
I still see the whole crypto currency business in a growing phase.
Bitcoin as the most famous representative of its kind will participate in this growth.
There are many things to come, like the ETFs that are prepared in the US at the moment.
I suspect with them we will see another boost at least to the major crypto currencies. I do not see the ETFs participate at ICOs becaus they will be considered to be too risky.
Don't forget there will be halvings as well.
All together I think that bitcoin did not even come close to its peak value.
64  Bitcoin / Bitcoin Discussion / Re: Is bitcoin an asset or a currency? on: February 24, 2018, 07:29:41 AM
That is a question of definition.
A currency is usually a medium of exchange. When you look at bitcoin it can be used as payment, but with the high transaction fees it had, most people did not use it as that.
An asset is something you put money in in order to get more money for it later.
Bitcoin qualifies for both, being a currency and being an asset.
In reality I would say that bitcoin has become an asset.
The high volatility makes it perfect to get more money out of it at a later point. And most people do net sell something like that, so they do not use it as a medium of exchange either.

65  Economy / Speculation / Re: What is better Trade or Invest? on: February 23, 2018, 02:06:55 PM
In my opinion keeping is the best way to manage your bitcoins.
All other ways to treat your coins increase the risk of losing money.
Bitcoin itself already is an investment that includes the risk to lose money (but to make big profit as well). So I don't see a reason why to increase that risk if I'm not completely sure what I'm doing.
Many bitcoin investments have turned out to be a scam in the end.
Trading of course it can be profitable, but there you need to know what you are doing.
66  Economy / Economics / Re: Will countries or central banks create their own cryptocurrency? on: February 23, 2018, 01:42:35 PM
Venezuela has just created the first crypto currency emitted by a government, the Petro.
Allegedly every Petro is backed up by one gallon of oil. The first day brought the government 735 million US dollars.
Now they want to give out more Petro and emit another currency backed up by gold.
I see that developement very skeptical.
67  Bitcoin / Bitcoin Discussion / Re: Venezuela Launches Its Oil-Backed Cryptocurrency Petrocoin to Save Economic Cris on: February 23, 2018, 09:29:59 AM
I fear that this might become a new sport for countries with financial problems: create your own crypto currency.
Crypto currencies established by a government can be backed up by almost everything, bananas for example.

And I am wondering if that is really going to be a good trend. It all sounds like ICO on a larger scale. From what we know, many ICOs turn out to be a scam.
Most of the countries with financial problems have a problem with corruption in the government. I think I can imagine where the money they get from the crypto currency will go to.
And once we will read news about governments scamming people with crypto currencies, that will shake the trust of the people in all crypto currencies.
Maybe it will even lead to a point where people will start to think of crypto currencies as tools of governments.
No, I do not like this developement!
68  Economy / Economics / Re: How is economy affected after forks? Where did "free money" come from? on: February 23, 2018, 09:00:47 AM
When a fork occures there basically is no new money.
The money turns up at the point where you find somebody who is willing to buy your shares that emerged during the fork.
You get the money directly form the buyer, it is just like selling a car you have won in a lottery.
And in case nobody thinks that the fork was a good idea, you will find no buyers, so there is no new money.
69  Economy / Speculation / Re: I BUY GOLD OR BITCOIN? on: February 23, 2018, 08:13:43 AM
Buy both!
Bitcoin still is a very risky investment. There is great profit in it, but there are many ways to lose money here as well.
It's not only a decrease of the price that is always possible, coins can get stolen or lost.

The chances of gold losing large amounts of its value are very small.
It still can be stolen, but I think the chances of losing gold physically are much smaller than losing coins on the internet.
Besides, gold can be insured, that's not the case with crypto currencies as far as I know.
70  Economy / Speculation / Re: Bitcoin price increase slowly... on: February 23, 2018, 08:07:06 AM
Well, this is what we waiting for that bitcoin may increase again. We must have patience and faith on bitcoin that we hope it will reach the price to the moon again.
Some how slow but surely is better than fast to climb but fast when down too. with this nothing happen with bitcoin. Anyway, we can have benefits to it by holding our btc that in the time that it will fully recovered we can have a profit  and I think if bitcoin price increase fast, it must be whales who control the price.
I much prefer a steady increase in prices because I think it can strengthen the state of Bitcoin. An increase in prices that could drastically cause concerns as the price of Bitcoin can also go down drastically as well. In addition to the stability of the public trust will increase and we can get the momentum to make Bitcoin as an investment. In fact today Bitcoin is much more used as an investment than used as a means of financial transactions.
I would appreciate it as well if we could see a calmer developement of the bitcoin price.
I think that a majority of the people prefere stable situations, these people are not joining bitcoin because of the high volatility.
If only a small fraction of them would join, I suppose the bitcoin price would benefit much more than it does when the traders pump in and drag out money frequently.
71  Bitcoin / Bitcoin Discussion / Re: will people lose intrest? on: February 22, 2018, 03:18:41 PM
As long as you can make money with bitcoin, people will not lose interest.
Makeing money is one of the things that keeps people going because money determines the life standard you have.
I think that it will be possible to earn money with bitcoin still for a very long time. So no, people won't lose interest in it.
72  Economy / Economics / Re: How would a real economy crash affect btc price? on: February 22, 2018, 09:58:09 AM
In economic crises people tend to remove their money from everything that is related to the economy and put it somewhere where the money is really backed up.
I am not sure what that means for bitcoin. Although bitcoin is considered to be the new gold, bitcoin is not backed up by a real good.
On the other hand bitcoin is not connected to the banking system either. Banks are one of the first institutes that suffer greatly under economic crises.
And because of bitcoin does not depend on banks, I can really imagine that its value would rise in the case of an economic crisis.
73  Bitcoin / Bitcoin Discussion / Re: What are your plans with your Bitcoin? on: February 22, 2018, 09:52:42 AM
I am a long term holder, my intentions are to cash out once I am going to retire. So my plans reach a few decades into the future.
So basically the coins I have now will stay untouched for a very long time until they will become part of my pension.
In a best case scenario they will allow me to lead a life without money problems when I'm older.
74  Bitcoin / Bitcoin Discussion / Re: stop listening to false news on: February 22, 2018, 09:46:18 AM

The bottom line is, let's just ignore all the stupid "news".   Use our brains.   Not hearsay from yellow journalism.   It is getting annoying to have every little "news" to impact the market price.  


I think that is the most important thing for us to do: to use our brains.
We can recheck news on other sites. And even if there might be some truth, we can always think ourselves what impact the event might have on bitcoin.
Another thing we can do: not to retweet everything everywhere. Because through that the false news really get viral.
75  Economy / Speculation / Re: HODL Will Stand When All Else Falls! on: February 22, 2018, 09:21:40 AM
To me, I'm holding. And my plans are long term.
After some time it's not that difficult anymore to see big movements in the charts without being tempted to make a move.
Not when the charts go down, but not either when the charts go up. I think it's important as well not to sell at a high point out of a mood.
Selling activities should always be careully thought through and combined with a goal.

76  Economy / Economics / Re: How does a Bitcoin have any value? on: February 22, 2018, 09:09:15 AM
I like to compare bitcoins with patents.
A patent only allows you to do something. If many people want to have that permission, the patent is worth really a lot.
Bitcoin allows you to transfer money without banks. And that is something many people want.
Bitcoin allows you to earn because of its increase in price. That is something many people want as well.
To me there is the value of bitcoin.
77  Bitcoin / Bitcoin Discussion / Re: Transaction fees are a tax on BTC on: February 21, 2018, 09:32:33 AM
Well, taxes are raised by governmental organizations. I do not consider the miners to be that.
I see the transactions fees as what they are: fees. Money I give to the miners in order that they do something for me.
I even can say how much I want to give them, and depending on that amount they execute my order sooner or later.
When I look at taxes, I can not choose how much I want to give. There I have to give the amount that is asked.
78  Economy / Speculation / Re: Here comes the CHINESE NEW YEAR! on: February 19, 2018, 03:13:38 PM
I just wanted to take this chance and wish a happy new year of the dog to all my Chinese friends out there!

And I do not think that the new year will have a big impact on bitcoin.
I do not know if many Chinese people cashed out during the last weeks to get presents for their family.
But in case it happened, that money would be invested in presents now and is not going to reenter the market.
So if there was an effect to bitcoin from the Chinese new year, it has already happened the weeks before.
79  Alternate cryptocurrencies / Altcoin Discussion / Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ on: February 19, 2018, 02:30:12 PM
I do not see a problem with that statement, in fact I completely agree with it.
There are many ways you can lose coins. It does not even have to be a drop in price, although that is possible as well.
I think he is aware that with the invention of a coin comes some social responsibility. People should not lose money because of his creation.

80  Bitcoin / Bitcoin Discussion / Re: Bitcoin: To regulate, or not to regulate that is the question on: February 19, 2018, 02:08:14 PM
I think regulations are necessary.
The anonymity of crypto currencies can be and is abused.
There is money laundering, tax evasion and scamming people for their money when they invest in fishy ICOs.
All of that I consider to be anti social.
If a government finds a way to prevent this and if that way does not end up in too much surveillance, I would support it.
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