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Economy / Economics / Re: How regulation affects the crypto price
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on: January 25, 2020, 10:45:21 AM
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If there will be a regulation for the cryptocurrency, the prices of almost all of the cryptocurrencies will go up high because the people will see it as a good news since the government is acknowledging the value and use of the cryptocurrency. I am wishing this type of scenario for a long time for the major countries and also to the growing countries so they can rise up fast.
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2
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Economy / Economics / Re: Why we must study Economics at University?
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on: January 25, 2020, 09:16:20 AM
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In my own personal opinion, the reason why we need to study economics in the university is because it is a real life application that if you have an idea about economics, you have been able assess businesses instantly and you will understand how the world really works when it comes to money and production.
I agree with that. Studying economics will help you a lot because you will have an edge compare to other people because you can identify the advantages and disadvantages of something in terms of an entrepreneurial perspective. I hope that more and more people will study economics because it will boost the chance for a country to grow and be more competitive. |
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3
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Economy / Economics / Re: Cryptocurrency usage will boost economy or make it worst ?
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on: January 25, 2020, 07:46:52 AM
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As long as Bitcoin and other cryptocurrencies are not regulated and formaly introduced into financial and economy system they can't help economies in any way. And until that happen s businesses will not use crypto on a massive scale.
So, cryptocurrencies can only help individuals and all othe crypto involvment in economy at any way in unregistered and unrecorded and it's actually underground economy.
It can affect the economy in unregulated way also, it provides opportunities for stabilizing your financial status. If more people will adopt this and would become financially secure, that would reduce the rate of inflation that is one of the leading problem of the world. Reduction in inflation would result into the stability of economy, I think people should adopt it to boost their economy. Agree, although the use of crypto is used individually and with the adoption carried out by business developers so far, and even though it is not recorded but still, the use of crypto will help stabilize the economy and ultimately the use of crypto on a large scale will have an impact on the inflation rate more lower. With us only using cryptocurrency, that is also enough to make the economy good and we should realize that. The use of cryptocurrency will not make the economy stable because the cryptocurrency itself is not even stable so there will be fluctuations in the revenue of a country that will in fact reflect on the economy's performance. The use of cryptocurrency will boost the economy in terms of establishing different systems through blockchain technology. |
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4
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Economy / Economics / Re: Richest 2000 People richer then poorest 4.6 billion
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on: January 25, 2020, 06:20:40 AM
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It is sad to see the numbers that shows the gap of population of rich to the poor. It is a reflection of how uneducated the poor are. They are uneducated in terms of financial aspect because if they are literate when it comes to financial stuff then they will not be poor because there is a lot of option like investments that they can try to grow their money.
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5
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Economy / Economics / Re: Future of Bitcoins - What will happens to BTC
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on: January 25, 2020, 05:30:28 AM
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i do not agree if bitcoin will only be what it is now, because adoption will make a difference in the function of bitcoin, because when bitcoin is only judged to be the same then that means no change happens, and when that happens then of course bitcoin will collapse, but now is different and bitcoin has a better future with adoption and it will certainly be very useful to be used more broadly
IMO, in the future, bitcoin will be an asset more than an option to make a payment. As the block rewards for miners goes half again, it will have an effect on the transaction fee and it will become more expensive. Once the bitcoin enthusiast notices that, they would just hold their bitcoin and use other option to do payments. |
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7
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Alternate cryptocurrencies / Altcoin Discussion / Re: Is it still possible to invent certain Altcoin that can be better than Bitcoin?
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on: January 23, 2020, 03:37:02 PM
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As of now, more than 10,000 different altcoins exist. And none of them have managed to give tough challenge to Bitcoin, which happens to be the original cryptocurrency. And the OP is talking about a scenario in which some new coin is going to do what all these thousands of alts failed to do. Theoretically, it may be possible. But I don't think that it will happen anytime soon.
In that amount of altcoins that are created in the field of cryptocurrency, there are few cryptocurrencies that are good enough to give tough and tight challenge to bitcoin and the reason why they are not competing or receiving a lot of attention is because, people are not that open minded to look for other opportunities because they are brainwashed that bitcoin is only the best coin make investment. |
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Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoin provides more long-term profits
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on: January 23, 2020, 02:24:49 PM
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This is true if you will choose the right altcoin for long term investing. Most of the altcoin can go up to at least x3 of its base price if you will have patience and dedication to discipline yourself in investing. In fact, I preferred altcoins over bitcoin because I have a lot of variety to choose on which I am going to invest in or even do trading with it.
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Alternate cryptocurrencies / Altcoin Discussion / Re: What is the safest way to buy crypto?
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on: January 23, 2020, 12:58:08 PM
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If you want to stay safe and if you are willing to do a meetup a secured place then I think that buying from peer to peer exchange is the best option to ensure safety in doing transactions with cryptocurrencies. Just find some sellers from your area and try to check their background or look for a vouch from other people so you can make sure that everything is alright.
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11
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Economy / Economics / Re: What if crypto vanishes?
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on: January 22, 2020, 10:16:10 AM
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I do not know how will it happen as it is equivalent to saying what if networks stopped working and internet gone. Let's us assume your fantasy even it happens then for short period of time u will see some rage moment across the globe and it might lead to big chaos scenario and we might see major accidents.
Cryptocurrency can still vanish without shutting down the internet. It could happen once the government order its citizen to stop using cryptocurrency for certain reasons. Even though most of the cryptocurrencies are decentralized, they can't still stand against the government because it is still mandatory to follow its orders or else you will end up in jail. |
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Economy / Economics / Re: What will happen to Bitcoin if there is a global economic crash?
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on: January 22, 2020, 09:26:19 AM
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This is really something that should not happen at all, we know how much money we will all lose not only banks will close but even businesses, and worst thing our local currency will have no value just like Venezuela, so I don't think that people will prefer to buy Bitcoin at that time or will prefer buying golds.
We have economic crises all the time but a global economic crash is way more unlikely, however if it comes to pass most people are not going to worry about trying to buy bitcoin because their money is going to be worth nothing, at that time people are going to be worried about their survival and getting enough food and water. It seems like a very dramatic scenario, and it is, and that is why I do not want it to happen, but if governments keep creating currency as if there are no bad consequences for it then at some point that will happen. for wealthy people, I think they will be alert before the war, property may not be a priority to be saved, and I think in this case bitcoin will be an option, because we only need to save the private key, to access it later when the war is over. but indeed food became gold when the war broke out to sustain their lives I agree with that. That could be the best choice for wealthy people or even to the ordinary people to save their wealth and preserve it through the cryptocurrency like bitcoin. The price of bitcoin will go up fast when that happen and those people who will act fast enough will benefit from this event and they could use it to buy the things that they need. |
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Economy / Economics / Re: Chinese New Year - Crypto Market
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on: January 22, 2020, 08:32:12 AM
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For the upcoming Chinese New Year, I am expecting for the price to have a deeper drop because the Chinese investors and holders will unload their cryptocurrency for sure because it is their time to take a vacation and to treat themselves. With those potential scenarios, I am preparing myself to buy dips when the chinese new year happens.
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14
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Economy / Economics / Re: Thoughts on the World War 3 and its possible impacts on future?
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on: January 22, 2020, 07:44:07 AM
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I don't think that there will be a world war 3 because the major countries are now cautious with their actions because they know what the war can bring to them and to its alliances. The technologies that we have now are more powerful than ever before so with the potential of destruction, the countries are now more on settling it through peace talk rather than going all out with war.
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15
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Economy / Economics / Re: Big risk ,big results.
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on: January 22, 2020, 07:07:34 AM
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It is okay to risk a high amount of money only if you know what you are going to risk to. Make sure that you have an idea into it for you to be able to avoid the big lost cases. It is indeed true that having a high amount of risk will have a big result but do not forget the fundamentals before investing. Research everything about the project that you are going to invest to.
of course they will not be haphazard, despite the huge risk we must have at least a good knowledge of our investments. at least it can reduce the risk of greater loss. Moreover, investment in crypto has many factors which even from the project have certain interests. indeed all have risks that must be faced, but now there are many new traders who do not have the experience so they do not know how to determine the right project and no one can provide a guarantee that the project can be successful, at least there are a few tips that can be used to those who are new to cryptocurrency investments to choose the right project. they have to leave the old ways of investing in projects, now it is no guarantee in my opinion. sometimes it's better to have an investment in a coin that is already in a large market or better IEO in a large market, it's a very good investment as far as I see it and it will always be profitable at the beginning, because each participant is limited to follow it, therefore anyone who is lucky get it he will get a big profit. I agree with the IEO investing especially if it is listed on big exchanges like Binance. It is a good investment short term because when there is an upcoming IEO, there will be a hype for the investors and it will push the price to go up so investing at an early stage is a huge advantage because after or during the IEO, you can easily cash out with at least 10% profit. |
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Alternate cryptocurrencies / Altcoin Discussion / Re: Which coins are you staking?
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on: January 20, 2020, 01:42:30 PM
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it seems like when the crypto market is growing right now, I have to research whether Altcoin is safe or not, I might try to test POS on ETH if they really release it this year ETH 2.0, because I still have savings to buy ETH and run POS staking for long term investment
Are you ready to freeze 32 ETH for stacking? That is quite a huge amount. Maybe you can get more profit while trading with that amount? I am also planning to freeze or stake my 32 ethereum for long term so I can get a source of passive income. Using them as a capital in trading is a good idea but the fact that you do not need to work or waste any of your time to get some return is priceless. I still have a separate funds for my trading journey so I don't mind freezing a 32 ethereum. |
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Alternate cryptocurrencies / Altcoin Discussion / Re: How to prepare for long term HODL
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on: January 20, 2020, 01:04:42 PM
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When the strategy is for long-term holding, it's always safe to go with low-price assets that have a good volume of trading and a large number of exchanges. Long-term retention always requires continuous observation of changes that occur over time. Better benefit can only be gained through that. We should always bear in mind when we go for long-term holding to cash out benefit at the right time. The remainder of the long-term holding will be set on the basis of price and time. If the price reaches big, we need to be ready to take the profit and spend again before the expected time period.
When you are in the game for long term holding, you can just ignore the market for a certain amount of time and just go back after that period. You do not need to monitor all of the changes in the market just to see if your investment is doing good because before you invest any of your money, you should have done a ton of research to justify your bias. |
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Economy / Economics / Re: bitcoin might be over but blockchain will live
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on: January 19, 2020, 05:09:06 AM
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While I agree that Bitcoin may not be the best or the perfect cryptocurrency, but it may be the first, the most widely recognised and, in my opinion, the most used, it can last for a generation and more. Although we can't really tell exactly how things are going to happen in the future, of course, but I have high hopes on Bitcoin more than any other cryptocurrency on the market. Competitors will always be there, and there are signs that we have a safe and competitive environment, something we should be very proud of. Now, with the technology of blockchain, I am sure that it will be embraced by more and more companies and even nations, and that is good. Adoption in the block, however
Bitcoin have try to upgrade perfect with update many feature how to make bitcoin looks profitable and keep with many side to be partner of bitcoin, now bitcoin have brave for promoting as good digital payment currency at the future with higher price, get positive way for bitcoin have solution as digital currency payment and giving benefit. Bitcoin is only good for digital payment if you will be paying an expensive item or service but if you will use bitcoin on normal transactions then it is not a good idea because you will just lose your money because the transaction fee will eat your money slowly. Digital payments should be focused to stable coins and not on volatile digital currencies like bitcoin. |
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Economy / Economics / Re: Why Cryptocurrency threatens governments
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on: January 19, 2020, 04:25:24 AM
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Governments want to us to spend the money they print and control. They also want to be able to tax it and track it as much as possible.
This is what happening with each and every country. The fear every government have is the usage of cryptocurrencies for illegal activities and darkweb needs. This means government believe that they can't be controlled and taxed. In simple terms, Government always want to profit out of the people's earning. Through cryptocurrency it isn't possible, and the same is the reason for governments threatening bitcoin. The government could just implement a law about cryptocurrencies for the illegal activities around it. Cryptocurrency doesn't threatens the government because the government is so powerful that it could stop the activities using cryptocurrency in their area. Government are just being skeptical right now since they don't see a lot of interest in cryptocurrency but soon enough, we will witness a lot of institutions that are going to embrace the cryptocurrency. |
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Economy / Economics / Re: Why Bitcoin is not that good as currency?
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on: January 19, 2020, 03:42:21 AM
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There is a risk in everything but still I do not agree with the point that bitcoin is not that good as currency. I am using bitcoin from a longer time and from that time I am observing that bitcoin is much better than any other currency which the states are using for themselves. Instead of that which is said in the title I will say national currency is not that good as bitcoin.
of course not good because the price is unstable and very volatile. so bitcoin is widely used as a futures investment or daily trading. maybe a store or place that accepts payments using bitcoin immediately sells their instant bitcoin after receiving the payment, I don't know how they deal with it, but clearly they still accept payments using bitcoin even though the conditions are not stable. Most of the stores that I know, they immediately sell their bitcoin after they fully receive it into their wallet. They do that in order to secure the profit and not get a chance to lose any of their sale. They are just accepting bitcoin because they want to attract new customers, obviously the cryptocurrency enthusiasts to increase their sales. |
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