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501  Economy / Economics / Re: Bitcoin Price Moving Towards $7500, Market needs a crash on: November 03, 2017, 10:39:16 PM
I think are this time what we are seeing is still a bull run, we might see a crash before the fork or after the fork, I think at that time the correction will happen. I think the price is not due to hype it might be due to more and more gaining trust in Bitcoin, since if we check in the news about Bitcoin, there are still negative news out there and fortunately the value of Bitcoin is still rising, let's not get worried if we see the price of Bitcoin going high, this is just normal since Bitcoin has a high volatility, the market will still go for correction.
502  Bitcoin / Bitcoin Discussion / Re: Do you believe that Bitcoin, Ethereum, and Litecoin have a good future. Why? on: November 03, 2017, 06:55:14 PM
What I see is Bitcoin is still going to stop crypto currency in the future and will still maintain strength, I think Bitcoin will not just be at it's peak, probably it might go over our predicted price, for ethereum and litecoin, I think ethereum will be widely used as well, and will also obtain a status like Bitcoin is having today,  for litecoin, I think it will also spread, but not that popular, since we have ethereum and Bitcoin, I think the two will battle for popularity. Still I consider the the three to be good investments today, and in the future, we'll be rewarded due to our research and trust in our investments.
503  Bitcoin / Bitcoin Discussion / Re: Panic selling vs Panic buying on: November 03, 2017, 11:59:23 AM
With the price of Bitcoin going up, it is much wiser to hodl than to buy, I think there is a panic selling that had happened, with the fear of missing out, people think if they buy Bitcoin at this time, the trend is still going up, they can have a lot of profit, but that's not the case, there seems to be a lot of new investors that are buying Bitcoin at a high price, I think they need to study more about investments since Bitcoin is volatile, a negative news might cause the price to down because of weak hands and people who are investing without a plan, the same goes with panic selling, they sell bitcoins due to negative news, without even researching, still investing on knowledge will help you gain more profits when it comes to Bitcoin, and hopefully they understand even one of the basic fundamentals in investing, buying low and selling high.
504  Bitcoin / Bitcoin Discussion / Re: Bitcoin as the currency of the future? on: November 03, 2017, 11:23:33 AM
This is no doubt to be coming true, i think there will come a time when you are to choose what payment you would want to receive in your job and even the mode of payment you.would want to transact, since what is happening now, is fiat cannot beat bitcoin, even hough there are people who opposes in the ideology of bitcoin, if they want fiat to survive in the future, they need to learn to live with both bitcoin and fiat currencies. There is also a possibility that fiat will become obsolete and we'll do all our transactions using bitcoin, since bitcoin is one of the best innovations in today's modern world, there is no doubt that the next generation will be using bitcoin, since there are a lot of millenials, that have trust in bitcoin rather than central banks, and soon the millenial generation will be the in the governments, and as the saying goes, out with the old, in with the new. I think the reason why governments are banning bicoin is it is new,.and is somethih that they haven't encountered in the past, and the new generation of today feels comfortable with bitcoin and other cryptocurrencies, the ideology of fiat currency might be gone, once the millenials today had taken over and introduce the ideology of bitcoin.
505  Economy / Speculation / Re: 72 Hour from 6,300 to 7,048 on: November 03, 2017, 10:27:08 AM
I think this is not a surprise, considering bitcoin is a highly volatile investment,  and it happened within 72 hours, if you take a lool at it, its jut normal when you comparr it to the stock market during a bull run, you just don't see it because there is market opening and closing, well as for bitcoin, there is none. The bull run of bitcoin only shows that  more and more people are gaining trust on bitcoin. if we see bitcoin breaking 7600 usd this month, we might see bitcoin's value ending this year around 8700 to 9000 usd.
506  Economy / Economics / Re: Cryptocurrency market vs Stock market on: November 03, 2017, 03:21:23 AM
cryptocurrency market against the stock market, i think it would not be a stale mate, and cryptocurrency market would win, however, bitcoin will remain to be the dominant cryptocurrency and as for the stock market, it depends on the companies which is going to be the high gainer and to be valued high. if we compare the two, both cryptourrency and stock market, have the same principles in investing, however there are differences, like if you invest in the stock market, you are only limited to the companies that are listed and they also have a time limit, wherein you can you buy your shares, since there is opening and closing of the market and they are the ones, that declare what will be the price of the share you will buy, it will also depend on the companies if they can the company you invested on, will gain profit or not, somehow you have no control since you need to always check on your portal and choose the time when you want to buy, the same is also true with cryptocurrency, however, the market is 24 hours and you can be sure that on the time you invest, if you plan correctly you can gain more profit in the future. for me, as an investor i would choose both since they are still giving me profits, but to achieve your goals fast, i suggest go to the cryptocurrency market.
507  Bitcoin / Bitcoin Discussion / Re: India may ban Bitcoin! on: November 03, 2017, 02:38:45 AM
this is another negative news, however it still remains to be just fear, since there is no final word yet, i think what india is trying to do is to promote heir own cryptocurrency since they had already created one, i think what they are trying to do is to copy japan's j-coin, since there seems to be very large opportunity, if you promoted you own cryptocurrency, specifically if it was made by the banks or governments, the profitability is high. i think they would not ban bitcoin, rather they will use bitcoin, in order to exchange their cryptocurrency, since bitcoin's value is going up, what they can do is to close exchanges, so there will be no competition, since that is always been the case in some countries, they close down exchanges, since there are a lot of scam ICOs that are popping up, and even if india  bans bitcoin, i think the majority of indians that are using bitcoin are offshore, there will just be a slight impact or no impact at all, since more an more people are gaining trust on bitcoin, and it might e just like what had happened to china, after a few months, we no longer feels china's presence and still the movement of bitcoin goes up.
508  Bitcoin / Bitcoin Discussion / Re: SEC warns that celebrity cryptocurrency endorsements may be illegal on: November 03, 2017, 01:49:13 AM
i think the reason why they say celebrity endorsements on cryptocurrencies are illegal is they cannot track cryptocurrency transactions, and probably greed is also taking place, it is a fact that celebrities are being paid more, and that leads to them paying even more taxes, i think they should just let the celebrities endorse cryptocurrencies, since they are are tax payers. the right of a person to earn money, i think is being violated already due to high taxes, though we need it as a society to build projects to make a nation grow, the governments should allow cryptocurrencies to flourish as well, and give an option to the person if they want to earn in fiat or in bitcoin. what i see here is the government just wanted to have a piece of those earnings, well in fact, they can create their own cryptocurrency and let people invest on it, and in turn, they can also have a profitable cryptocurrency or what they can do is try to ask help from japan on how they did it with cryptocurrences and try to adapt it. i think this would not be an issue for them if the price of bitcoin is still below 1 usd, but now that it has gain strength overtime, it is timely that they warn people that it is illegal, however for cryptocurrencies created by celebrities, i think they can monitor it, since they have the technology, they just need some insiders to help them do it, but unfortunately they cannot do it with bitcoin.
509  Bitcoin / Bitcoin Discussion / Re: Samsung galaxy s5 mining bitcoin? on: November 03, 2017, 12:58:40 AM
i've encountered this article a few days ago,it's saying that samsung wants to use its mobile phones for mining, and there is also a video that came with it, there were a lot of phones, inserted in one platform, and then they perform mining, still i doubt it, though samsung is a great company, still they want to advertise their products, i guess it's all for publicity so more people will buy them. i think if the technology they created was true, why would they sell it to public, rather than mine their own bitcoins, using that technology, and even if it were true, it will still be costly. for now, what we can do is to keep on an eye on samsung, since there was a rumor back then that satoshi nakamoto is not a person but a group of businesses and samsung is allegedly one of them, maybe they can create a mobile mining system.
510  Bitcoin / Bitcoin Discussion / Re: Bitcoin storms past $7,200 to set yet another new all-time record on: November 02, 2017, 10:54:31 PM
It's a nice bull run for Bitcoin, it made a new all time high and more than breaching 7000 USD it had surpassed it. I think think this run will still continue before the fork and will have a correction after. Though the value went up, it is still advisable to hodl and not to sell yet, since the price could go on even higher, I think there is a few incident of profit taking this time, since the value of Bitcoin rose, I think it is safe to say that before the fork, Bitcoin will be breaching 8000 USD.
511  Economy / Economics / Re: bitcoin benefit of saving for a long time? on: November 02, 2017, 04:26:57 PM
Saving Bitcoin is also investing, there is a misconception that Bitcoin users only hodl for a long time and will cash out once the value reaches it's peak, I think that is a stereotype comment, since there are a lot investments out there that people holds for a long time, and there is no difference when it comes to bitcoin, I think they only say that way, since Bitcoin is popular, and that:s the only investment they know of. The benefit of saving Bitcoin for a long time will also give you more capital gains since bitcoin's value is going up through the years and, the good thing about it, is with bitcoin's value we can have financial freedom to do what we want and also, Bitcoin will be a fortune and will make our net worth even higher.
512  Economy / Economics / Re: The Central Banks Will Not Be Able To Control Inflation As The System Collapses on: November 02, 2017, 11:47:25 AM
This is true, central banks cannot control the inflation in any country, the prices of goods and services always goes up, in which I think inflation is just a mere illusion, since why do you have to compare you Fiat currency to the us dollar, is it not good enough, I think, thought there are progressive countries, it does not mean that their Fiat should be worth more than yours, luckily we have Bitcoin, in which it doesn't mind if the value of you Fiat is less than the US dollar, when you exchange it, the same value will be true throughout world. The central banks system will collapse, I think it will be because of the illusion of inflation of goods, that they agree the buying power of their Fiat will be lessen or will be strengthen, and I think we could learn a lesson from the time of the great depression, wherein almost all is lost, then after world wars, there came out petrodollar, I think Central banks are just only one great depression away from total collapse.
513  Economy / Economics / Re: Will bitcoin change the distribution of wealth in the world? on: November 02, 2017, 11:02:23 AM
I think the distribution of wealth will still depend on what will be the basis of wealth, if we base wealth on how much oil we have, the middle east will still be considered one of the richest country, since there is still petrodollar, however if the basis will be based on how much bitcoin one has, i think there would be some differences and it would be hard to determine, since bitcoin is anonymous and for security reasons, people might not declare how much bitcoin they have. I think if we look at what is happening right now, the rich today might still be the rich in the future, since they wouldn't want to miss the oppportunity bitcoin can give them and givem the value of bitcoin as of now, those whk have a lot of money can easily buy bitcoin without hesitation. In the future there will be a lot of people who would have made a fortune because of their investment today, i think it is safe to say that japan would be one of the richest country then, since  they accepted bitcoin and other cryptocurrencies wholeheartedly.
514  Bitcoin / Bitcoin Discussion / Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary on: November 02, 2017, 10:17:48 AM
First, bitcoin has a lot of benefits and one thing i like about bitcoin is its anonymity, you can transfer funds to each other without any banks or government institutions looking into your account and getting you hard earned money, saying it should be taxed ot there are hidden fees. The second thing i like most is the technology, it is very secured yet so convenient to use, especially the wallets, and lastly bitcoin's volatility, i think everyone would agree that they are also into bitcoin because of its value, since it beats inflation and gives us more hope in achieving financial freedom.
515  Economy / Economics / Re: Bitcoin is Freedom on: November 02, 2017, 02:23:05 AM
yes, bitcoin is freedom, it is giving us a lot of options that fiat money could not give. i think the best trait of bitcoin that shows us freedom is it being decentralized and also the fact that bitcoin is anonymous. the value of bitcoin also gives us an advantage, since bitcoin's value is showing us it has a very strong buying power over other currencies and we can technically do whatever we want once we obtain the value that we want, i have friends that are glad they've invested in bitcoin since they can finally buy what they want and they're also having sense of financial security and soon, investing in bitcoin will give us financial freedom in really doing what we want.
516  Economy / Speculation / Re: This guy predicts bitcoin to be $20,000 in 2 years. What do you think? on: November 01, 2017, 11:45:23 PM
I think it is possible for Bitcoin to reach in 20000 usd in the next two years, if it will have the same run like this moment, however there will still be hindrances before it hits 20000 usd, but I think there would be lesser FUDs that time, since people are showing more and more confidence in Bitcoin and I think that   in the next two years countries who do not recognize Bitcoin as of now will change and might realize that Bitcoin is legal and will be the future. I think in the year 2018 we might see bitcoin's value going over 15-17k used and will reach 20k by 2019, hopefully the bull run will continue further.
517  Bitcoin / Bitcoin Discussion / Re: interest in bitcoin is increasing on: November 01, 2017, 10:25:01 PM
In my company there are people who are interested in Bitcoin, however they do not invest, I guess they just wanted to know what Bitcoin is, there are also people who keep on asking me about Bitcoin, and whenever I tell them what is Bitcoin, they always ask, how come I'm not a that rich yet, there are also those who asks what Bitcoin is, and they do invest. The interest on Bitcoin did grew this past weeks, however there are still few who will believe in Bitcoin, I think it depends on the mind set of people who asks us about Bitcoin, though it is good to know that people are being interested on Bitcoin this time, there will still be those who don't accept Bitcoin, if if ever we encountered a person like that, we should just respect their views on move on, I think not everyone is that ready to accept that the future is here.
518  Economy / Economics / Re: If bitcoin price is $10.000, will fiat be worthless? on: November 01, 2017, 08:28:43 PM
I don't think Fiat will become worthless if bitcoin's price went over 10000 USD, it will only mean that Bitcoin will have a strong buying power than fiat. How people value fist, is the same as we value Bitcoin, since both are currency, however, their value differentiates through time, Bitcoin is going higher while the latter seems to be going down, and that is due to inflation, and if the value of Fiat, let's use the US dollar, if it's value decreases, the value of Bitcoin will also be hit, but it will not be drastic, since we are using Fiat to value Bitcoin, but I think it will be a long time for fiat to become worthless since a lot of people today are still hesitant to use cryptocurrencies, and probably the best generation, there will be no more fiat, and that's the time it will become worthless, if people no longer uses it.
519  Economy / Economics / Re: Reliable comparison between mining vs. buying and holding on: November 01, 2017, 11:29:18 AM
I see mining to be more practical during the early years of bitcoin since we can get bitcoin for the same cost as our electricity and maintenance of cpus, however in the long run, bitcoin miners were developed and it did cost much more.since it needed much electricity and it needs to run for hours, however if you hodl during that time up until now, you'll see that it is worth it, but i do not suggest mining at this point, and just let the real miners do their job, since minig machines had developed through time and it is much harder to mine these days.at home, since you could only mine fewer bitcoins, well as for buying, it is practical before up until now, but with the value of bitcoin today, you need to know when to buy, and for holding, i still suggest to hold on to your bitcoins and wait until it reaches it peak value.
520  Economy / Economics / Re: What would be the possible impact of BTC in the economy of a country? on: November 01, 2017, 10:41:00 AM
If the country had legalized and accepted btcoin as currency, it will open new opportunities for investors, since it will broaden their field, and will also help the country to decrease the number of people with no job. As we can relate, stores that are already accespting bitcoin are becoming much more stable, and in turn they can manage to pay off their workers, thus giving taxes to the government, leading to a more sustainable economy. I think its a matter of perspective, where you look at it, if you look at it as an investor, you'll see a long term for the government, but as a consumer, you might say all the money just go to the government.
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