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1281  Economy / Economics / Re: Why have Bitcoin instead of cash? on: October 19, 2016, 03:37:58 PM
Yes I agree it's better to bring bitcoin since it's invisible than with a money in your pocket which is more risky for robbers Smiley. But in my country so few stores accepting bitcoin for payments. I believe soon some of us will adapt paying bitcoins.
1282  Economy / Economics / Re: Why do you buy Bitcoins? on: October 19, 2016, 03:30:04 PM
I used it for trading and make some profit from it. Bitcoin for me is a good investment which we can earn more money for the future. Bitcoin is also use for my extra income.
1283  Economy / Economics / Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022? on: October 19, 2016, 12:57:34 PM
Bitcoin will not be use almost by everyone.. considering the fact that there are countries who is poor when it comes to technology. It's really hard for some to have bitcoin be adapted as a legal currency.
1284  Economy / Economics / Re: The future of the paper money on: October 19, 2016, 12:43:47 PM
I'm pretty sure that paper money will not be obsolete because it determines the currency value of each countries. And I would say that government also will not allow money to convert it into digital currency because there will always be glitches using digital technologies and that would create a lot of problems for each countries that will be affected.
1285  Economy / Economics / Re: Spending Bitcoins on: October 19, 2016, 12:29:26 PM
I use bitcoins and convert it to cash to buy my needs and now some of the merchants here in my country already use bitcoins for online purchases. Soon all of the country will be able to adapt bitcoin and use it as a normal currency.
1286  Economy / Economics / Re: RBS: Sell everything on: October 18, 2016, 05:01:06 PM
Selling everything is not a good idea. We cannot guarantee what will happen in the future but for now as long as you are earning with your investments then there's nothing to fear. Just need to save more just in case everything will crash down.
1287  Economy / Economics / Re: Bitcoin or Gold? What would you pick? on: October 18, 2016, 04:32:34 PM
Well if I am really rich then I would invest on Gold. But in my current situation investing in bitcoins is only option I have. But Bitcoins is really good for investment even if you start from scratch you can see your progress all the way up and know how to manage your money well.
1288  Economy / Economics / Re: Is gold better than Bitcoin? on: October 18, 2016, 04:17:36 PM
It really depends on how you invest to it. When you buy Gold you just have to sit and wait till the value of it becomes high. When you invest with your bitcoins there are a lot of ways to do it like lending, trading etc. So that is why it really depends on how you want to invest for your money.
1289  Economy / Economics / Re: What do you guess about he future of bitcoin? on: October 18, 2016, 04:04:59 PM
I believe bitcoin will be more stable because there's a lot of potentials using it. It might also be use as a global currency but once the government intervene with bitcoin then the outcome might be different because some opportunities might be abused and use it by govt's personal interests.
1290  Economy / Economics / Re: Why You Should Never Sell Your Bitcoins Ever on: October 18, 2016, 03:45:07 PM
If you have a lot of resources and have enough money to compensate your needs.. then selling your Bitcoins is not an really option. You should invest with your Bitcoins rather than selling. Just my thoughts.  Grin
1291  Economy / Economics / Re: If Bitcoin goes up very high should i buy a house? on: October 18, 2016, 03:35:57 PM
Yes you can buy a house but if you already have one why should buy another one? for investment? that's a good plan. And that is if Bitcoin value will be rocketing high enough for you to by a house. Good luck to us on that mate I will wait for that moment so I can get a rest house.  Grin
1292  Economy / Economics / Re: What would happen if Bitcoin became a legal currency? on: October 18, 2016, 03:25:55 PM
Yes, this will be a big advantage for us but I believe this will take time before it will be legal since there are a lot of factors to be consider and there will be involvement like the governments before accepting it as a legal currency.
1293  Economy / Economics / Re: Bitcoin replaces the money? Could happen? on: October 18, 2016, 03:09:17 PM
It's not possible. Money still need to be exist. For now we can only use bitcoin for making transaction online and not all countries are capable of doing this especially remote areas which doesn't have ways transacting online. Who knows maybe in the future, perhaps it is possible.
1294  Economy / Economics / Re: If you were in desperate need for money.... on: October 18, 2016, 02:56:57 PM
I would sell some of my things that's not really needed and would worth enough to compensate my needs for money. You can also do loans just in case you really need that money asap depending on the situation as to where you need the money for.
1295  Economy / Economics / Re: Why do people keep saying BTC is dead?! on: October 18, 2016, 02:39:34 PM
This might I say one of their strategy and if someone who is gullible enough and willing to sell their btc for a low price it would be beneficial for them. Second, for those who says 'btc is dead' is from the people who are not very knowledgeable on managing their btc. It's another way around though.

I say 'Long Live BTC'  Grin Grin Grin
1296  Economy / Economics / Re: Sell Everything? on: October 18, 2016, 02:23:51 PM
You don't need to sell everything. In bitcoin just let your money hold for the mean time because it may cost more in the future. If you have enough resources then you can sell some as long as there an increase if not, just let it sit and wait.
1297  Economy / Economics / Re: How good are you at managing your money on: October 18, 2016, 02:07:11 PM
When I was young I'm was pretty bad at managing my money. And when I got older and have my own family I would say I made improvements. I'm a wise spender now Smiley and put some of the money I save into investments and when bitcoin was introduced to me it becomes very helpful and an additional to my expenses.
1298  Economy / Economics / Re: Is it better to save money or invest it? on: October 18, 2016, 01:53:06 PM
In my opinion if you have a steady job but doesn't have enough income then it's better for you to save your money like putting it in the bank but it's a long-term investment and have may have low interest. But if you're very knowledgeable investing some of your money in  bitcoin then this is a better way for you to save and invest your money well. Just do a better research in some forum that can give you a projects that can make more profit for your money.
1299  Economy / Economics / Re: Should I believe in Bitcoin ? on: October 18, 2016, 01:25:25 PM
Try to invest it but not the whole money that you're planning to put in btc. But first do some good research and the history of Bitcoin.

It's like putting your money in stocks.. you have to find a better way where to put it. Of course sometimes you may lose some, but as long as you properly manage your money well then you may gain and profit from it.
1300  Economy / Economics / Re: Loans too risky? on: October 18, 2016, 12:58:32 PM
Loans is very risky.. few people can be trusted. Yes? but there's a lot of people who can scam you and might loose all of your investments. Better find a way to invest your money in a different or better way like trading.. yes it may take a while for you to make profit from it but it's really worth it.
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