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101  Economy / Economics / Re: A small village strengthening it's Economy by cryptocurrencies. on: June 19, 2018, 11:31:14 PM
A small japanese village named, Nishiawakura is making their economy much more beneficial with the help of cryptocurrencies by launching a Initial Coin Offering. I think it is a best way to help some small villages to grow up with really good profits and also it might bring the cryptocurrencies some more close to legalisation.

The village is home of approximately 1500 villagers and and they unveiled their plans to launch a regional initial coin offering.
Report by coindesk https://www.coindesk.com/japanese-village-to-launch-nations-first-municipal-ico/

This is a perfect head start and i hope that several such villages can soon adapt this strategy to strengthen their economy


     Well, it is a big gamble in my eyes but still, it is a good one. I think that if this village succeeds at what they are aiming for, then the village along with all the people that live within it will truly prosper. This is a good news for us crypto enthusiasts because their success will also be our success because it will show the world how useful cryptos really are.
102  Economy / Economics / Re: Cryptocurrency wallets: Can they be hacked?? on: June 19, 2018, 11:29:08 PM
I am very interested to know if cryptocurrency wallets like Bitcoin Core, NEON, Electrum can ever be hacked ?



     Yes and no. I mean, yes It can be hacked but not in the sense that it can be accessed by brute force and breaching its security all in all. You can only get hacked in ways of phishing or by trusting someone whom you never should've trusted. In my understanding, this is the only way to hack your wallets: by hackers getting access to your private keys(regardless of the way they do it).
103  Economy / Economics / Re: Choosing the one | What I think! - Real Job or Full Time Crypto! on: June 19, 2018, 11:19:52 PM
In my opinion-If anyone chose a full-time cryptocurrency job, he will get more profit than an ordinary job. You have a good future and in short period of time you will earn profit and savings in cryptocurrency. But It's much better if you can do both.

     While I can see your point and can pretty much agree with how you support it, I must say that even with the fact that cryptos can really bring fortune to anyone who does it right, I still think or prefer for people to never let go of their day jobs just to be sure because we can never know when we need money and when the market is high or low. Just saying.
104  Economy / Economics / Re: New investor and prices on: June 19, 2018, 11:17:19 PM
If we have less new investors, so the prices tend to fluctuate less? How much dependent of new investors the prices are ?


     Can be true but, cannot say for sure because I am not an expert about these things. But in my understanding, if a few people buy into a crypto, its price never moves that much because demand does not increase or decrease that much. Hence, I think that cryptos are very dependent to its investors, users and holders.
105  Economy / Economics / Re: What i believe will come on: June 19, 2018, 11:14:40 PM
The Future will be great and we might live in a world where everything will be Crypto. We are going to be our own bank, and manege our finance ourselves, without a bank account

i Truly Believe bank will disappear completely because they do not act in the interest of people . they created money out of thin air and enslave people with debt, and credit.

The fiat system will no longer exist with the system base on debt, developed countries are technically in bankruptcy a nation cannot be sustainable with a system base on debt.
The crypto revolution is something that will be an astonishing accomplishment and replace the power of printing money from central power. this new generation will not use fiat money anymore and will have tokens in many wallets from the decentralized world

the world will not be the same anymore and everyone on the planet will have the same opportunity to participate in the global Economy.



     I get your point and I must say, it is really a big possibility if we look at big and small countries as of today. Although I do not think that this will be happening the next year or in 5-10 years, I am pretty sure that it will really happen. I just hope I am still breathing when that time comes. Smiley
106  Economy / Economics / Re: Wise thing to do with your savings. on: June 19, 2018, 11:12:08 PM
I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?

As an emergency fund must be kept in the bank, because it is a fund for sudden needs. And I think allocating emergency funds for futures investments is not good, because it will make it difficult for you to take funds when you need them right away.


     Indeed, I too think that emergency funds should be accessible anytime we need it because emergencies are not called emergencies if we expect when they would happen - they are emergencies because they are unpredictable in anyway. This is why we need to have access to these funds when emergencies come.
107  Economy / Speculation / Re: What kind of price movement do you want for Bitcoin? on: June 19, 2018, 11:09:40 PM
Last year was one of my best trading years in Bitcoin and it was not because of the huge spike in the price towards the end of the year.

The price was steadily going upwards in small increments and I could buy low and sell high, almost on a weekly basis. Then something happened and the price went crazy and reached a ATH of +/- $19000.

I enjoyed the steady growth, because I could make small weekly profits. Now everything is upside down and with the same strategy I would be losing money on a weekly basis.  Angry

I was wondering what price movement would suit your investment strategy in Bitcoin the best?

I understand the economy and that something that was inflated like that, would have to go through a correction phase, but when will things go back to normal, so that we can start making small profits again? 


     To be honest, I personally cannot say as to which I really want because even if I would choose, I wouldn't have the power to know when the prices would increase or not. So I think it is more better that all of it really happens because this makes cryptos more exciting for me and for most of the people.
108  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [BOUNTY] [PHASE 2] BIDIUM.IO - The Best Service Around! | ONLY 4 WEEK on: June 19, 2018, 11:06:05 PM
twitter Name: <hawthelegend35>
Link to twitter: https://twitter.com/hawthelegend35
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#Retweet
1. https://twitter.com/bidiumofficial/status/1006911114511245313
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Facebook Name: <lynuel.montesor>
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#Reposts
1. https://www.facebook.com/lynuel.montesor/posts/1886462864710089
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109  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [BOUNTY] [PHASE 2] BIDIUM.IO - The Best Service Around! | ONLY 4 WEEK on: June 05, 2018, 10:44:52 PM
twitter Name: <hawthelegend35>
Link to twitter: https://twitter.com/hawthelegend35
Week Number: <#Number of week : 2 (1- 4)
Spreadsheet number: 723
#Retweet
1. https://twitter.com/bidiumofficial/status/991602089217482752
2. https://twitter.com/bidiumofficial/status/992037529556832257
3. https://twitter.com/bidiumofficial/status/992262672002367495
4. https://twitter.com/bidiumofficial/status/992344699619987456



Facebook Name: <lynuel.montesor>
Link to Facebook: https://www.facebook.com/lynuel.montesor
Week Number: <#Number of week 2 (1-4)
Spreadsheet number: 667
#Reposts
1. https://www.facebook.com/lynuel.montesor/posts/1868031833219859
2. https://www.facebook.com/lynuel.montesor/posts/1868031876553188
3. https://www.facebook.com/lynuel.montesor/posts/1868031953219847
4. https://www.facebook.com/lynuel.montesor/posts/1868032016553174
110  Economy / Economics / Re: Feeling bitter in banks? on: June 05, 2018, 09:46:55 PM
I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?


     You damn right I am. These people who post sht about banks being gone for good and being replaced by crypto are either dumb or just trolling. It is pretty obvious that we still cannot survive without the banks. Yes, the banks have shitty terms and conditions but they work and we need them. Although cryptos are good, there is not a single crypto yet that is good enough to even be compared to the banks, or become a national currency of a country. Let alone be a worldwide currency.
111  Economy / Economics / Re: I almost lost my rock solid regular job because of crypto on: June 05, 2018, 09:42:14 PM
Like the title says, i almost lost my regular job as a software developer today when my boss reviewed my work. The job has been able to economically provide a comfortable life for me and losing it would really be a big hit to my income. I almost lost it because i spent so much time learning about everything crypto (mining, trading, bounties, etc.).

Has anyone else experienced this? I just feel pretty lucky I was given another chance and want to remind other people that having a regular job is much better than relying on the volatility of cryptocurrencies. Make sure you prioritize your work!



     You are very lucky to not lose your job over crypto, I hope a lot learns from your post because this is very important to take in to consideration when trying to earn in crypto. Crypto today is still unclear, so never exchange your day jobs with it. It is okay to have interest in crypto because it has great potential but set a limit for it and always make your day jobs the top priority in your lists.
112  Economy / Economics / Re: Is it possible for someone to manipulate the virtual currency market? on: June 05, 2018, 09:30:47 PM
If an entity is large and powerful enough, is it possible for it to gain a monopoly advantage and manipulate the rises and falls of the virtual currency market?


     While I do not think that a person is rich enough or has enough assets to control the price when it comes to bitcoins, I think that it is still possible if a group of elite people agreed on doing such a scheme. Specially on coins that have such a small market capitalization and volume. Besides, we all know that almost everything is possible when you have a lot of money, what difference does it make in this industry?
113  Economy / Economics / Re: Why most bitcoin users from good economies countries? on: June 05, 2018, 09:27:58 PM
Becuase they can afford to have bitcoin adapt bitcoin and use it becuase they economy is growing and can compete even to other countrues as well, they're able to make their socio-economic participate in tho this kind of technology, they have lots of money and connection too, unlike those who are struggling country who hardly bare to gain enough money even for their internet connection.


     Yup, this is most probably the reason why other countries that are left behind are the ones that are less advanced in economic traits. Just look at south korea and japan, they are more advanced when it comes to technology and innovation. This makes the people in these countries used to new things which is why they can adapt easier and can understand the concept of cryptos easier. This is not the case on economically behind countries.
114  Economy / Economics / Re: Will countries or central banks create their own cryptocurrency? on: June 05, 2018, 09:22:45 PM

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?



     Yes, I have also observed this. In fact, I do believe that there really is a big possibility that the governments and the banks in various countries may just go and make their own version of digital currencies that are somewhat same with the current crypto currencies that are present in this industry today. This is to enjoy the innovation that the cryptos bring without the uncertainties and to divert the people's attention from cryptos to digital money by fooling them that the two are the same.
115  Economy / Economics / Re: Do you approve this strategy: sell alts buy btc? on: June 05, 2018, 09:19:37 PM
I read this article, but I want to see opinions, would you sell all your alts to have only bitcoin now ? I don't think this is recommended

https://cointelegraph.com/news/buy-bitcoin-sell-your-altcoins-says-pioneering-wall-street-blockchain-analyst


     Umm,.. Nope, definitely not. Yes, bitcoins and other main alternate coins out there are a great investment if investors want to be sure and do not like the hassle of researching about various alternate coins and the developing teams behind them. But for me and for the others that don't mind the hassle? We prefer altcoins because they give greater potential specially for small investors to get more profits. I think a better thing to do would be to divide profits and spend half for main coins investments and the other half for the not well known coins that have great potential.
116  Economy / Economics / Re: Reason we pay taxes and why we should on: June 05, 2018, 09:16:03 PM
     To put it simple, people who do not want to pay taxes do not deserve to be in a community. This is because they are selfish and only care about themselves. They only want to enjoy the benefits of being able to use the things that are the result of the taxes of others for free. Clearly, paying taxes is every person's duty in his community, it is his obligation. If he doesn't want to pay taxes then he better get himself out of a community and go into the jungle and live alone.
117  Economy / Economics / Re: Economy in your country on: June 05, 2018, 09:12:30 PM
An economy is a zone of the production, appropriation, or exchange, and utilization of merchandise and enterprises by various operators. Comprehended in its broadest sense, 'The economy is characterized as a social area that underlines the practices, talks, and material articulations related with the production, utilize, and administration of assets'. Monetary specialists can be people, organizations, associations, or governments.


     Indeed it is. I believe that in every asset, businesses, investments and other things related to anything that is of value, relies on what the economy is in every country or all throughout the world. Every person is important just as how important services and merchandises are. Hence, none of the two should be taken for granted.
118  Economy / Economics / Re: The Future of Cryptocurrency on: June 05, 2018, 09:07:53 PM
     Great content, easy to understand, not much junk words and is more on the positive side(which is what I like the most haha) all in all, a very nice article to read, great job. Anyways, I believe that cryptos will truly be more known widely in the world and will truly achieve mass adoption sooner or later because of the innovation that it offers to our world. I just hope that when time comes that bitcoins can be used to buy beer, I am still alive and kicking.
119  Economy / Speculation / Re: Why is a constant rise in the price of Bitcoin, important? on: June 05, 2018, 09:03:39 PM
Let's say you bought a bitcoin for $1000 in January 2018. <Just an example, not the real price at the time>

So you have to beat inflation and also the performance of other investments to say that your Bitcoin investment was a better investment, than other alternative investments.

Let's say your inflation is 5% and your best return on some other investment is %20 per year, then your Bitcoin price increase will have to be more than %25 to beat the alternative investment.  

Let's say you hoard for 5 years, then you would need a price increase of 125% to beat your alternative investment returns over 5 years.

So we cannot have a price increase of 800% in year 1 and then a price decrease of %400 in year 2 and another price decrease of 200% in year 3 and so on...

Hope you get at what I am saying. Hoarding might be harmful to your profits, if you do not cash out SOME profit on the ATH.  Wink ..... You might end up with a bitcoin worth $100 in year 5.  Roll Eyes


     Valid point. Although I agree with your thought, I think that it is one sided. I mean, just think about it, you only made last year as an example. If you tried to make an example out of the start of bitcoin then I think that it will not agree with your point. You see, the prices has gone way up than what it was back then. Sure, if a person invests stupidly, then he will surely lose a lot of money. But if he only invests money he can throw away and just continue to put more extra to invest then not touch it, I am pretty sure that it will be worth a fortune if the history of bitcoins continue to move the way it did.
120  Economy / Economics / Re: Wise thing to do with your savings. on: June 05, 2018, 08:58:07 PM
I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?


     You know what, I have tried and thought about a lot of ways to manage my funds on both fiat and crypto and the one I like the most is the one I use now. Okay, here is what I do; when I get profits, I reserve 30% to be converted into fiat and put into a bank, 15% to be placed in a well known crypto like bitcoin, ethereum, etc., and 15% on a new promising coin, and 30% will stay as it is, and then the remaining 10% would be converted into fiat and cashed out to buy things I need or want to reward myself. Hope this helps.
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