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Economy / Economics / Re: possible government regulations?
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on: November 18, 2016, 08:46:37 AM
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Correct me if I'm wrong anybody, but I believe the IRS wants you to put digital cyrpto currencies under taxable income if you have any type of significant amount of Bitcoin. Still, many people do not do this. It's a light governmental regulation, but nonetheless, it's a regulation.
I think you already have to pay it to government however it's an anonymous coin, you can hide and be happy. There's a lot of thing in bitcoin that government hate, they have no control about it. the government will try to ban Bitcoin, but I hope that they will not work. Too much damage brings cryptocurrency national banking system |
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2
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Economy / Economics / Re: Tell me your predictions about Bitcoin
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on: November 18, 2016, 08:43:32 AM
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30 years later, most countries on this planet will use bitcoin as an alternative currency and some even use bitcoin as a primary currency. Bitcoin rise will estimate about $10000 - $100000. And many organization will try to knock down bitcoin in many ways in other to bring FIAT back.
Within 30 years of short period i don't think this gonna happen. Using bitcoin as primary currency seem unrealistic due to high volatility in bitcoin price. Although it seems 10,000 USD per bitcoin can be achievable within next 30 years. 30 years is really not a long time for a currency to take a place like that in the world, though bitcoin has a great growth potential but it would still face a lot of problems in coming time which may become a hurdle in its way of reaching where you guys are talking about, it may become an alternative currency for some countries but being a primary currency i doubt about. I do not by faith in what Bitcoin will replace the centralized currency. It will not allow the government |
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Economy / Economics / Re: Reason why you should Buy bitcoin now
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on: November 18, 2016, 08:40:22 AM
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I see every day bitvoin becomes more expensive. I understand that this is a very good investment object. That's why I buy Bitcoin. In the future date of my investment will bring me profits
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Economy / Economics / Re: What do you guess about he future of bitcoin?
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on: November 18, 2016, 08:36:45 AM
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For me its bit confusing to guess the future of bitcoins, no doubt its going good at a moment but will it continue the same pace in future too and that is a big question, so without thinking much about the future I am keeping myself engage in collecting as much as I can at a moment and take benefits from it till its alive.
Well i'm doing the same, though i feel that it can have a better future ahead or we can predict something good for it by seeing the growth of the community and investors but still we should not think about that and we should keep focusing on present where we can collect bitcoins which can be useful for us in coming time. I also hope that Bitcoin will go up at the same rate as now. But we must be careful and do not forget about the risks |
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Economy / Economics / Re: Bitcoin vs Gold vs Cash
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on: November 18, 2016, 08:29:36 AM
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I disagree that only a limited amount of gold exists and that that's why it is protected from inflation. Who knows how many places which are still unexplored could contain gold. Cash is out of the question in that regard. So Bitcoin is the best like you said.  Cash can buy anything, no limit at all, while bitcoins have. the disadvantage of bitcoins was if there is no connection, how can you access your wallet? unlike if it is already converted into cash, you can. when it comes to Gold. Gold prices also fluctuates, its price was depends on the exchange rate of dollars. Gold can be use to pawn or sell at higher price. I still want to invest on bitcoins than gold. I agree, the cash right now mm single use anywhere. A Bitcoin - this alternative currency. Everyone chooses himself than it is convenient to use |
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6
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Economy / Economics / Re: Loans too risky?
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on: November 18, 2016, 08:20:51 AM
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Well at this forum i had read several times people does wanna loans for gamble purposes, with that said there is a big risk the person does loose it gambling and they the lender must need to sell the colateral, some people really dont need or care about the bitcoin since they got them with their user accounts.
For whatever purpose someone might take a loan, if he is a scammer, he would be a risky fellow for the lender, so sometimes it really becomes risky to give away loans to the community, though you select the trusted people sometimes, but it still turns out wrong at the end because there are some people who buy or trade positive trust on this forum for such activities. That's for sure. It is very hard to find an honest man. Sometimes deceive even those people who have a good reputation |
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7
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Economy / Economics / Re: Bitcoin worth to you or not...
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on: November 18, 2016, 08:17:40 AM
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We all have some amount of bitcoins in our wallets..
Do you really think bitcoin is a currency Worthing you more than a real currency...
I do because real currency price won't grow up or down as bitcoin...
So do you or not ??
And also have a discussion about its prices in future..!!
It is worth it for me. Unlike real money currencies, bitcoin is more flexible. That you can either do trading, investing, selling or mining. Except for mining you can do all of that with fiat too, in my opinion the greatest strength of bitcoin comes from its decentralized nature, that has allowed bitcoin to survive and even thrive despite all the obstacles. Yes the decentralization is really good for us, unlike fiat that can monopolied by bank. Bitcoin was designed to be deflation everytime, it mean the value will always rise. Bitcoin will survive as long as people use it. The number of people who use bitcoin is increase every time. So I am really sure that Bitcoin price will keep rising forever. So bitcoin is worth as an investment for me. sometimes decentralization is sucks , you know what , you have 100% responsible on anything happened to your money , for example when you lost your money because hacked or any other technical problem noone will help you , so it is sometimes worth more than just money but sometimes horrible. The risk of losing its savings is always there. No matter what you do they will be stored. Dollars can steal as well as Bitcoin. |
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Economy / Economics / Re: The dream of getting rich with bitcoins
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on: November 09, 2016, 06:25:22 AM
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I m not sure about BTC anymore reaching 1k level. Especially since there re so many other alts which might offered something else, something better and more advanced. So I d keep my money on Factom or similar coins.
Much better to collect bitcoin as many as we can and save it in our bitcoin wallet since we do not even know what will happen in the future and that is good to have more bitcoin. And it is good to be positive that bitcoin was gives us wealth in the future. I'm hoping that this would happen in the future because I'm doing the same thing.. holding more bitcoims in my wallet and hoping that would double its value in the future. I also have such a strategy. And I think that there are all prerequisites for the growth of Bitcoin prices |
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Economy / Economics / Re: The dream of getting rich with bitcoins
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on: November 08, 2016, 06:53:06 PM
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For me bitcoin is just an extra income because when you don't have a skill to give then your source of income is limited . But when you have much skills to give I think it is possible to earn a decent amount of bitcoin monthly, And I think when some years passed by and bitcoin is widely used and known then more opportunities will also come.
I agree, if you have skills to offer you can earn good amount but like me i only earn extra money and not enough to sustain the needs of my family for everyday. of course i also dream to be rich with bitcoin maybe in the future if i go full time. The money you able to make with bitcoin and if you invest them or try trading, or any other way you may get a good result, but the time to became rich with just bitcoin has ended already, you can get a revenue from the volatility and just, altcoins now are shaking and allowing those which risk to multiply their bitcoins. it is not yet over, it has just became harder. but the amount of profit that bitcoin has given us so far has been excellent and you can never see this kind of profit in anywhere else. price has gone up about $500 from last year which is about 250% profit in one year, and if you ask me i think it is pretty good for becoming rich! and this is not including all the fluctuation on the way up and all the opportunities to buy and sell bitcoin for even more profit. And do you know why bitcoin has made 250% from last year? Speculation about the halving that pushed the price to 500 when all expected it to be at 800 because it were being traded at 400 this year before the halving. At 2020 bitcoin should reach 1000 dollars, but nowadays the max you will be making is something around 50% profit if you buy bitcoin now...you cant and wont be able to buy bitcoin at 250 dollars anymore. Well, that made the price of Bitcoin sharply up in October? It is possible that this growth will continue and will reach $ 1k Bitcoin is not 2020, but much earlier |
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Other / Off-topic / Re: Bank or Bitcoin Wallet?
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on: November 07, 2016, 05:07:31 AM
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I use both of these services. Accordingly, I keep in Bitcoin Bitcoin wallet, and Fiat in the bank. I plan in the future to convert all Bitcoin
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Economy / Economics / Re: Bitcoin and paying Tax
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on: November 06, 2016, 07:28:13 PM
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the government has no right to tax that is not provided by their laws. Cryptocurrency has an indefinite status in the state. It is therefore not subject to tax
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Economy / Economics / Re: Spending Bitcoins
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on: November 06, 2016, 03:39:06 PM
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spent bitcoin today looks very detrimental. it is because the current bitcoin prices will rise, and it proved with bitcoin rising from $ 600 to $ 700. it is likely that the higher price will go up another. so I guess this time I will keep my bitcoin in my wallet, and when the price becomes $ 1,000, maybe I'll spend it  That is what I am thinking because if we observed the bitcoin price now, it continues to gain its price. So, if we should observed for now since the price is not stable yet. Base on some forecasts it will still continue to raise until next year,so for me I will hold for a moment while monitoring. Yeah that's from what I've heard.. same thing as what I'm doing mate. Hopefully the forecast is true but if not I'll just have to wait more to hold my bitcoins until the price will go up again. It is right. We can not invest all your money. It is necessary to leave the emergency needs. Investing - is always a risk, and this should always remember |
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Economy / Economics / Re: The Future of Money?
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on: November 06, 2016, 07:08:52 AM
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I think it is very unlikely that we will see a worldwide crypto currency issued by a central bank since that will require a government so powerful that it can impose his will above the will of the other countries and while the U.S is very powerful is not that powerful.
I think cryptocurrency will not be able to master the major currencies in the future, as long as the government has a fiat then it will be difficult for cryptocurrency to be the main currency in the future I'm sure cryptocurrency never become the main currency countries. It always is and will remain an alternative currency. People do not like something new. And do not trust |
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Other / Off-topic / Re: What do you do when you're sad?
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on: November 05, 2016, 09:01:50 PM
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When I'm sad I did not want to see. And talk on the phone do not want to. I just want to lie down and be sad
If a person in a bad mood, many in that state prefer to be alone. It was during this time, you can collect my thoughts and to cope with depression. Yes, I also love to be sad alone. I just have such a nature that I can yell at people who are in no way to blame. It is better to be yourself |
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Other / Off-topic / Re: 6 RULES TO SUCCESS !
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on: November 05, 2016, 08:36:04 PM
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I think even if you follow those 6 rules, you cannot reach success if you don't master the technique.
For example, if you wanna be a good musician, but aren't able to play, you cannot reach any success, although you may follow Arnold's rules.
So, in my opinion, mastering a technique is the most important thing to do.
these rules are in principle not only for mastering the technique is acceptable. They are versatile and can be used for success in any area of life |
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Other / Off-topic / Re: Are you crazy?
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on: November 05, 2016, 05:05:03 PM
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we are all a little crazy. Each in its own way. What I think it's normal, someone finds a complete madness. And that's OK, people should be different from each other
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Economy / Economics / Re: Bitcoin is Freedom
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on: November 04, 2016, 12:06:29 PM
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Bitcoin does not ony brings us freedom but also safety because we can use our wallet without being afraid its going to get hacked like bank accounts.
However bitcoin is not accepted by Government right. When the day Government accepts bitcoins, then all the set power currency will be bitcoin only. Usd, Euro, yen, dinar and etc... All will be hide at back of bitcoins. Therefore, the government will hardly ever make Bitcoin is fully legal. Yes, Bitcoin is very convenient, but there is still a lot of discomfort when using it |
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Economy / Economics / Re: What if US Dollar Crashes?
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on: November 04, 2016, 11:59:59 AM
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national currency always depends on many factors. And if suddenly the dollar will collapse, people will look for an alternative. And this gold and Bitcoin and property
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Economy / Economics / Re: The dream of getting rich with bitcoins
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on: November 03, 2016, 05:02:12 AM
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We are all having this dream but its the question if this will also happen, lets hope it will go to a higher amount, I have a good feeling about it and that we can maybe get some good amounts from it too.
We just have to see what the bitcoin will bring us in the future, could happen..
If you believe it will happen then it will really happen, it's the law of attraction and when you believe a certain dream of yours there is a big possibility that you can achieve that. Although how hard your dream is but if you work hard to achieve that you can get that. The law of attraction will make you think of your dream all the time and you can device a method to achieve it. Just always be position as trials will come along the way. Agree. You need to work hard if you want to reach your dreams. There's no easy way to get you rich especially in an instant, unless you won in a lottery. But yeah, believe and you have to work hard all the way up no matter how many hindrances you face but as long as you want to pursue it then everything will run smoothly. That's right, to get what you want you need to work hard not only physically, but also mentally to create the desired thoughtforms |
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