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1  Economy / Economics / Re: Crypto is for the rich people only! on: June 30, 2018, 11:13:01 AM
I know that we the poor people could not do good in investing cryptocurrency. As we all know that the profit will determine the amount that you will going to invest in cryptocurrency. Let us say that a poor individual has invested 100 USD and the market price goes up t0 20% increase so literally that man will get 120 USD after selling the crypto and the profit is 20 USD. However rich people that will going to invest 100K USD with an increase of 20% is 120K USD which means the rich man has 20K USD profit and that is relatively huge compare to 20 USD  Therefore i conclude that investment in cryptocurrency works best on rich people? What can you say?
crypto is for everyone. Although many rich people do not need to work and they still have money to invest in the crypto market. But poor people can work with bounty campaigns and they will also have the money to invest in crypto like rich people.

Everyone of us can use cryptocurrecies, it doesn't matter how poor you are, and how rich you are. As long as you are interested to adopt the uses of cryptocurrecy. It doesn't matter what life you have, cryptocurrecy is for everyone who are interested to use it.
2  Economy / Speculation / Re: Bitcoin is dead many times! on: June 29, 2018, 03:37:44 PM
So what is it now? A zombie for about how many times now?
I don't think it died. It is just normal that it fluctuates. I just think people are just making such circumstances a big deal because they have big amount of investment and just waiting for pumps to earn. They are just tire of waiting. They are impatient and they do not know other ways to make an investment.
Some people say bitcoin is dead, they trying to discourage other people and investors. Other blaming bitcoin for their mistake of being impatient. One thing is really sure, bitcoin is not dead and it will be more demand.
3  Bitcoin / Bitcoin Discussion / Re: How safe is Bitcoin? ✅ on: June 29, 2018, 02:29:29 PM
Bitcoin is risky but you can minimize and make it quite safe by protecting your private key well and not sharing it with others and also using a hardware wallet to keep it.
Yah it is risky, because if you lose your private key there is no other way to recover it. But if we talking how safety bitcoin is, will is is secure trough the uses of blockchain. However we also do our part to make it safe.
4  Economy / Speculation / Re: Buy bitcoin for future on: June 29, 2018, 01:01:05 PM
Bitcoin is a great future coin in our world.Bitcoin buying and selling is simple system in our crypto markets.Bitcoin is a great promisible coin in crypto market,So we are buy bitcoin and invest for future.bitcoin is buy and hold coin timely for cryptocurrency.

This is the right time to buy because the price of bitcoin is low so if you buy now for the future that is good because bitcoin have a good potencial to survive and rich the original price of a day many investors buying bitcoin because investors have a trust on bitcoin to back the normal price and get a huge profit.
That's right many investor's trust bitcoin, no matter how price go down there will be a time to earn profits. If you are a good trader you know when the right time to buy and to sell.
5  Economy / Economics / Re: Lost Bitcoins on: June 28, 2018, 06:53:26 PM
Loses due to negligence or other forms of events that may affect the retrieval of the digital coins may just be a very small amount compared to the total volume so I think this may not have so much effects to the entire volume amd its price. It is quite impossible to say that many of the coins are lost or becomes irretrievable but should the case be, the remaining coins value will be stable given that only a few are then trading.

Yes those lose bitcoin are small amount compared  to the total volume, however those lost bitcoin connot be recovered without the presence of private key. We are the one who responsible if our private key will lose.
6  Economy / Economics / Re: Bitcoin value on: June 28, 2018, 03:46:07 PM
Bitcoin should be kept for a long time for quality and development of Bitcoin, when the cost of Bitcoin is low, then it should be kept back and when the price goes out, then it will be sold.Bitcon.
I think bitcoin becomes more valuable when we consider it as a long-term investment because we can really gain huge profits from holding it patiently.But let's also consider the true value of bitcoin which is to become a global currency in the near future.Remember it's the main goal of having a cryptocurrency and making it as an investment will just fall on the second option.
If we are going to invest in bitcoin dont look its present value, look for the future value. It's good to have a plenty of patience if we are investing in bitcoin, and we need to take the risk to gain more profit. It's good to invest in long-term. We also need to remember that there's a lot of things we can do with bitcoin. Bitcoin is a digital curenccy that we can use trough internet transaction.
7  Economy / Economics / Re: Bitcoin holders will have to pay their tax? on: June 27, 2018, 11:06:23 PM
What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.

no need to worry about it. Because the government does not know exactly who owns the bitcoin and how much they own. Bitcoin is completely transparent with the transaction, but it is also completely anonymous on the owner. It's like a double-edged sword.
That's right no need to worry, nothing to worry because government connot trace our transaction. Bitcoin is secure and we are anonymous, there's nothing more files it's just user name and private key.
8  Bitcoin / Bitcoin Discussion / Re: Btc will not die on: June 27, 2018, 02:29:27 PM
Of course not. Btc is king and most coins and tokens need to convert to btc first before converting to fiat. Unless all coins can be converted to fiat, then that is the right that we need to worry about btc dying.

Yeah, you have a point btc is the leading digital currency and this is the basis of all cryptos, so btc will never die and it will continue to grow as time passed by. I will keep believing and supporting bitcoin.
Bitcoin will be the most valuable digital currency and it will never die, perhaps bitcoin be more demand in the future. We are her to support and keep using bitcoin.
9  Economy / Speculation / Re: Bitcoin - future money or big casino on: June 26, 2018, 05:52:27 PM
Bitcoin is more like a gold, silver or you can say real state property. People invest on it because it has a great profitability. so i would not say that btc is casino. And talking about future money bitcoin has a possibility to achieve that but i think it will take time. It needs some major correction before that to happen.
Bitcoin is more than the characteristics of gold or silver, it is risk and so volatile but it is profitable. We can say also bitcoin have a characteristics of a casino, people and investors are gambling thier capital, take the risk and volatile to earn money in the right time. Bitcoin is already a money a digital money used by many people all over the world, it is a digital money without a tax.
10  Other / Off-topic / Re: Backup is important on: June 23, 2018, 03:02:15 PM
Good day, just want to share my experience,
I am using 2fa as my security in my emails and exchange accounts, so one day I nearly lost my phone and that phone holds majority of my pins, 2fa, etc. so I thought I lost all, luckily I found the phone. So now I'm thinking of buying an extra phone for backup. What else do you recommend for backup?
No need to buy a new phone just save a 2FA code or keep the barcode when you create it in a safe place. If your mobile phone at any time lost you can use it again by entering the code or scan barcode that you save it.
Having a clean hard drive for back up and keeping it on a safe place is the best and that is correct that you should have 2fa in order to have another layer of security so you will not get in a high risk and you will not get a high chance of getting hacked with that 2fa. You can also have a strong layer of security if you will have a strong password which consists of letters, numbers and special characters.
That is better that you will have back up files , on your passwords and private keys and store them in a clean folder, that is to minimize the looses, of your private keys and you can recover it if you have back up and safety storage.

Yes, we really need to make frequent back ups of our passwords and other important things that needs to back up, not only in one device or place but maybe we need to make more back ups in other places to be more safe.
It's up to you what kind of back up you make, but everyone of us need a back up of our privite things or important files. Just like we do bitcoin and it is most important that we most secure the privite key and make a back up for it.
11  Bitcoin / Bitcoin Discussion / Re: Face up to reality: The game is over on: June 23, 2018, 12:12:30 PM
I have experienced four big drops since I am into cryptocurrency. After every drop the price raised a lot and it went higher that it was before. I don't think the game is over now
Dumps are normal in every market, not only in cryptocurrency market  but also in some market, like stock market. Cryptocurrencies are very volatile, price of every cryptocurrency is changing every seconds and it can affected by just some news or fake news.
It's not just cryptocurrecy  have cricis and it's normal in market exchange, there are times of dump and pump. No matter what happened we also face the reality, and the reality game connot be over if we still breath. Don't lose hope and ignore those negative issue's.
12  Economy / Economics / Re: Why most bitcoin users from good economies countries? on: June 23, 2018, 11:14:18 AM
The reason is simple, it is because they have good education. In my country, the schools and universities are now planning to teach bitcoin to their students because they are aware on the benefits that the students can get.
That's one of the reason education, but most of bitcoin user from the richest countries like United States of America, Canada, Europe and etc. They can afford to buy and use bitcoin and they are seeking to make economic growth faster. The countries that have good economy, they can easyly adopt and access to use bitcoin.
13  Bitcoin / Bitcoin Discussion / Re: Bitcoin failed as a currency on: June 23, 2018, 03:45:59 AM
Why they think that bitcoin failed to be a curenccy, it is already a decentralized and peer to peer currency a digital curenccy. Bitcoin is a successful curenccy, and not only a digital curenccy but it is also a digital asset, it is an investment.
14  Bitcoin / Bitcoin Discussion / Re: What happens if we die? on: June 22, 2018, 12:09:50 PM
Easy to understand. your family never can get your money because security is the most important key of crypto. So,the best way is holding your password carefully. Store it in many hard drives.
It is simply as that! If we are died our bitcoin is still stored, no one can claim it without a private key. Maybe the value of your bitcoin will be doubled or triple with the capital, but it cannot be claim without it's private key. It is simple as that.
15  Bitcoin / Bitcoin Discussion / Re: 5 countries that banned bitcoin on: June 22, 2018, 02:04:45 AM
Although the article is old but for me as a newbie it adds a lot of insight but with it I do not care, "the important thing is my investment smoothly and no obstacles" in my country also a lot of rumors about bitcoin ban but until now nothing is blocking about bitcoin, If in your country is still in a weak condition and there are no obstacles you do not panic.
That's right the important is our investment and just ignore those countries who have banned bitcoin. As long as there is no problem with your country with the using of bitcoin, there's nothing to worry about it,  and there's a lot of countries who support to use bitcoin.
16  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin a Scam - No more on: June 21, 2018, 05:20:35 PM
I don't know how many times do i have to say this that Bitcoin is not a scam. Sure, there a few problems that needs to be addressed. Bitcoin gives equal opportunities to everyone. There are restrictions nor any limitations of any sort.
There are some people blaming bitcoin for their mistake, bitcoin is not a scam. However many people will make negative issue about bitcoin, they blame bitcoin instead of thier self. For those people who have already proven that bitcoin make our life easier and better, they just ignoring those negative issue's that bitcoin is scam.
17  Bitcoin / Bitcoin Discussion / Re: More and more people are against Cryptocurrencies on: June 21, 2018, 04:09:03 PM
From government that banned bitcoin from their people to facebook that banned the promotion of crypto ads I think more and more people are against the bitcoin  is this the start of fall of bitcoin?

Wether they like it or not, bitcoin will still go on. Bitcoin is an independent technology, it will continue to grow as long as people choose to hold and invest on it. There were many attempts to make cryptosystem  be stopped but it still continue to grow and gain demand in the market. There is no reason to be alarmed on the opposition with the system as long as there is good quality of community it will continue to go on.
That's right whether the people like or not cryptocurrecy like bitcoin and other alternative coins and it will be more demand. Those negative issue and news are nothing because no matter what we will be using cryptocurrecy.
18  Economy / Economics / Re: Is the government really scary? on: June 21, 2018, 12:38:13 PM
In my opinion. It depends on the government itself. It may be determined by what kind of government or how it acts as a government. A country may either be defined by the countrymen or the government.
I think a harmonious communication and organized way of living will likely to happen if two groups will benefit from each other fairly.
If one gets greedy then both parties will explode like bombs.
It is true that it depends on how government run thier own country but mostly they just take care of thier own pockets how to earn from the tax of thier people. When it comes in cryptocurrecy I don't know in other countries but in my country, the government ignoring the uses of cryptocurrecy. They did not care as long as there is no problem of using cryptocurrecy.
19  Bitcoin / Bitcoin Discussion / Re: The reason why Bitcoins is the safest system on: June 20, 2018, 03:40:22 PM
Bitcoin is safe and secure, trough the uses of blockchain. It would be more secure if you are diligent and store your bitcoin properly. No doubt bitcoin is more secure than the average set of credit card.
20  Economy / Economics / Re: bitcoin in developing countries on: June 20, 2018, 12:41:30 PM
at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?

Bitcoin definitely isn't disrupting economic stability, but it is taking away tax money from governments that haven't taxed it yet. I don't see inflation happening in a country as long as we still need fiat currencies. Inflation mainly happens by reckless printing of money. Too much money supply=money has lower value=inflation.

Your right bitcoin taking away the tax money from government. Bitcoin help to develop countries and to grow fast our economy. Bitcoin helps to minimize financial problem, and also minimize unemployed people.
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