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521  Economy / Economics / Re: Philippines will start Investigating Proliferation of Bitcoin and other Cryptos on: November 01, 2017, 03:16:27 AM
This resolution is because of a lot of "get rich quick" scheme's that are on social media, that most Filipinos get into, I find this resolution to be a good thing since the problem with most of my countrymen  is they always want to do things the easy way, even earning money and there has been a lot of cases in the news lately that people are getting scammed because of bitcoins, even the mainstream media interviews people who claim to be Bitcoin investors but do not actually research on what they are getting into, and so they claim to be investors, investing in sites that will double their Bitcoin in 24 hours. I think if people will just do their research on things they invest, they wouldn't be scammed.
522  Economy / Economics / Re: Yes or No? Doesn't Bitcoin unfairly benefit early adopters? on: November 01, 2017, 12:45:18 AM
Bitcoin doesn't unfairly benfit early adopters, I think if all of us are given a chance to start over again, those who had bought Bitcoin during it's early years would've still bought Bitcoin and those who waited to check if Bitcoin is legal, hackable or even profitable, will still wait, I think it will depend on our mind set on how we see things, if you think they are unfairly benefiting from Bitcoin, then the people after you have invested will think of the same with you,  from what I see, it depends on the person how he can gain more profits and have a huge capital gain, but the benefits of Bitcoin is still there, it's still decentralized, it's still anonymous, it's still secure depending on how you keep it, just don't look at how many bitcoins another person has, look at yours and try to maximize the use of your bitcoin.s.
523  Bitcoin / Bitcoin Discussion / Re: Bitcoin is changing the world. on: October 31, 2017, 11:35:33 PM
It is true, Bitcoin is changing the world, the way we see currency and technology  as one, Bitcoin really made a mark in our ever changing world. At first,  local currency is only limited to it's Fiat currency, but now that we have Bitcoin, we have and alternative way on how we can manage expenses and earn money,  also not only use Bitcoin as currency, there are also a lot of people who are using Bitcoin as investment, and now now, there are a lot of investors that came out, unlike before.  Bitcoin also change the way we do transactions online,  and the way we see money, now more people even young adults are looking at their finances diligently.
524  Economy / Economics / Re: What happens to Crypto when normal stockmarket collapses?? on: October 31, 2017, 10:31:33 PM
If the stock market crashes, people will look for ways on how they can profit with what money they have, if we look back at 2008 when there was a depression, most people are loosing hope in the economy and thus, a year after Bitcoin was born, though there are only few who recognized Bitcoin as currency, still Bitcoin has it's own value back back then, though it started as less than 1 USD. I think that people will then turn cryptocurrencies sepcifically Bitcoin for their finances,  even though Bitcoin will also be hit, because of people cashing out Bitcoin, still bitcoin's value will remain higher than the inflation and will keep going higher and higher, since people who got hit by the fall of the stock market, will make and investment in Bitcoin as well.
525  Economy / Speculation / Re: Do u think bitcoin value in 2018 will be $ 15K? on: October 31, 2017, 10:06:41 PM
I am also optimistic with Bitcoin, I believe that Bitcoin will reach 15000 USD, but I cannot say for the timeline, if the value of Bitcoin hits 8000 USD this year, there might be a chance for it reach 15000 by 2018. For me the timeline of 1 year for Bitcoin to reach 15000 from it's price today is possible, however, Bitcoin will need to be very much volatile than before, and we also need to consider a lot of factors that will affect the price of bitcoin, if all goes well, Bitcoin might hit 15000 USD, even though the price won't hit 15000 USD by 2018, we are still talking about Bitcoin and for sure, it will go over 15000 USD.
526  Bitcoin / Bitcoin Discussion / Re: First China Now South Korea on: October 31, 2017, 12:00:53 PM
This is just history repeating itself, it is known that there are a lot of Bitcoin users in South Korea,  and I think banning ICOs in South Korea is a result from the Bitcoin gold fork, since the value of Bitcoin went high and all altcoins went down, but I don't see south Korea banning Bitcoin itself.  I think we all know what to do next, if negative news like this created panic again, just what had happened last time with China, it is better to hodl and but more. But looking at the trend, I think there are fewer weak hands that we have right now, since the price of bitcoin is still rising, and hopefully it reaches a new high.
527  Economy / Economics / Re: Indonesian Ban on: October 31, 2017, 11:17:19 AM
This is just normal, since bitcoin is just new to them, central banks will make sure that they understand how cryptocurrencies work, i think there should be a word from their government bannig bitcoin itself, rather than the central bank, though it is ruled by the government, the government itself still has the final say for it. This is always what happens to countries who recognizes bitcoin, their central bank will first try to regulate it and we might see it happenig in the future, considering thr fact that its nrighboring countries welcomed bitcoin, and is being used now.
528  Economy / Economics / Re: If Bitcoin had a stable price, would it still be as popular? on: October 31, 2017, 10:36:34 AM
If bitcoin had a stable price, i think it would still be popular, there is a reason why bitcoin's price went up, but having the idea of you, taking care of your finances rather banks, having anonymous transactions, having a much more secured wallet than banks, i think that is also one of the reasons, why bitcoin became popular, then the law of supply and demand just followed, giving more value to bitcoin.
529  Economy / Economics / Re: Why most bitcoin users from good economies countries? on: October 31, 2017, 03:18:58 AM
I think most investors are from good economic countries, since they are open to the idea that the earnings we get should not be tax, and they accept bitcoin , since bitcoin can do it for them, and they are open in the idea that you just don't need a job to survive, however from countries that are underdevelop, they still believe in he old system, that is, having a job, you'll be secured for life, however it does have its consequences if your job, is your only source of income
530  Alternate cryptocurrencies / Altcoin Discussion / Re: Goodbye Blockchain. Hello Hashgraph. on: October 30, 2017, 12:08:46 PM
i think hashgraph is a good technology as well, just like bitcoin, i agree that there should also be a test period for this technology, however, if different technology that acts like bitcoin as well, both technologies, might fail, since there will be a competition among the two technology. i think bitcoin should adapt whatever is good with hashgraph in order for it to survive. blockchain technology aided in the development of bitcoin and if people just keep on developing similar technologies on their own and creating a lot of cryptocurrencies, there will be so much surplus of cryptocurrencies and the value of each one might decrease and we'll all be back relying on fiat currency. still what i see is, they will have a problem that bitcoin already had encountered, and blockchain will just evolve into a much better technology since it can adapt and already had proven to be much sufficient than others who tries to copy it.
531  Bitcoin / Bitcoin Discussion / Re: There are more gold than Bitcoin on: October 30, 2017, 08:16:00 AM
i think it is a fact that gold is much more than bitcoin, but i think we should also take into account,how are we comparing gold to bitcoin, since we are looking at gold's price per ounce, per karat, per bars and we as for bitcoin, we use 1 bitcoin, in order to compare it to fiat, however if we are talking about the resources, gold is also being mined, however gold is underground and bitcoin is digital. though there are a lot of gold, i think if you own one today, it would be hard trying to exchange it to fiat, if you go to a pawnshop, they buy your gold, but not on a fair price for you, but if we say that there is much surplus of gold, it would not have a value, anyone could just easily get gold, that's why governments keep a lot of gold in their reserves, just like what they did with diamonds, still we need to get numbers here, for us to determine the amount of gold that is out there, even the ones that are kept.
532  Economy / Economics / Re: The legalization of bitcoin. on: October 30, 2017, 07:23:15 AM
i think bitcoin is legal on the first place, since there is no criminal activity behind, only people who uses bitcoin in illegal activities that's why bitcoin is being tagged as illegal, there are also a lot of scammers out there, that will say if you invest your bitcoin with them it will grow to 100% in a short amount of time and i think this is one of the reasons why governments declare hat bitcoin is illegal or banned in the or banned in their country, but if people will only use bitcoin not to take advantage of others, i think bitcoin will be legalized in all countries. there was once a company who are selling gold, if you joined them, i think they turned gold into a pyramiding scheme, but we don't see gold being banned from countries, possibly because people have accepted gold to be a currency or an asset, i think bitcoin will also go through that stage, wherein countries will accept bitcoin as currency and as an asset, hopefully those people who scam others will change their ways, since legalization of bitcoin by all countries, will benefit all, and i think that bitcoin having anonymity and being decentralized will not be a problem, a good example for this is japan.
533  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin is Different From Other Currencies? on: October 30, 2017, 05:55:52 AM
first, bitcoin is created using block chain technology, and already it had a value, we can compare the value of bitcoin to other fiat currencies, by exchanging bitcoin to fiat, however fiat's value overtime decreases, and this is true whenever you check out fiat's buying power, however, for bitcoin, the value increases, thus the buying power is also on the rise. second, bitcoin is not just a currency, bitcoin is also considered an asset, it is being compared to gold, since bitcoin's value is now over the value of gold, and bitcoin seems to be having the same path as gold did. third, bitcoin can replace all fiat currencies, be it the dollar or euro, since bitcoin can be converted to any fiat, i think it will be much practical to use bitcoin, than converting it to fiat. there are a lot more differences between bitcoin and other currencies, there are my top three reasons, why i chose bitcoin.
534  Economy / Economics / Re: lest we forget, Bitcoin is a blessing. on: October 30, 2017, 05:23:41 AM
bitcoin is a blessing, if people will just try to understand what bitcoin is, and how they can benefit from it. bitcoin is not made just for the rich and for investors alike, it was made for all, it had started way back in 2009, after a depression, since there are a lot of wars happening that time, and fiat's value is down as well, bitcoin was made, in order to help alleviate poverty, though the price is below 1 usd, it still an extra cash, wherein you can still use your cpu for mining, however, a lot people up to now, do not recognize bitcoin, simply because it is a new thing, something that they couldn't understand, but the fact is, smart phones are relatively new too, and almost all people from different walks of life, knows how to use a smart phone, i think people should also try find time to understand what bitcoin is, and how it can benefit them, since bitcoin is considered a blessing, i think it is the opportunity most of us are waiting for.
535  Bitcoin / Bitcoin Discussion / Re: Japan leader bitcoin? on: October 30, 2017, 04:21:59 AM
right now, i think we can say that japan is leading the innovation for bitcoin and other cryptocurrencies, since they are making a lot of new technology that fits for the use of cryptocurrencies, and their banks also supports bitcoin, i think right now, we still cannot say that japan is the leader in bitcoin, since we still have to check how much users and bitcoins they have. japan is advance in technology as we all know, i think people are saying that they are the leader in bitcoin, simply because japan wanted other countries to follow it footsteps, i have read an article weeks ago, that japan's goal is to have a paperless society and just use cryptocurrencies, and with that they are also promoting j-coin. when it comes to innovation we can count on the japanese, but when it comes to being a leader in bitcoin, i think we need to make a further study and look at it in different aspects.
536  Economy / Economics / Re: Do you think billionaires invest in BTC? on: October 30, 2017, 03:48:07 AM
yes, billionaires do invest in bitcoin, there are known personalities like mark cuban, the rothschilds, they invested in bitcoin. there is a reason why there has been a huge gap between the haves have nots, it is simply because of their mind set, the rich wanted to more richer, and they look for ways on how they can do that, and bitcoin being an asset, is a great opportunity for them, they will not spend all their money on bitcoin but will allocate enough money for them to have a profit, well as for the poor, what they want is to only have a job and feel secured about it, they failed to look for other ways, what they do, specifically in y country, is they jump from one company to the other, in hopes to have a larger salary and get promoted, which is just a short term solution, however if they invested in bitcoin, it will become a long term solution for them, if they understand what to do. in my country, the rich gets richer, because they take time to study investments and created businesses, while the poor get poorer, because they just look for short term solutions rather than fixing the problem itself.
537  Economy / Economics / Re: What will happen if we use a one currency only? on: October 30, 2017, 02:03:41 AM
if we all use one currency, and we use bitcoin as the world currency, then there will be equality. if for example you are a teacher and in your country you are paid 1 bitcoin per month, then if you ask a teacher from other countries, their salary will also be the same, all the fares, goods and services, will all be in the same amount, there would be no inflation, since thee is no foreign exchanges, there would be no rich and poor, as far as i can see, people from the first world countries today has a very great advantage over the people from the third world countries, that is due to the dollar exchange, their fiat might be worth more if they went to a third world county which has a very cheaper price when it comes to goods and services, but if we have only one currency, that will change, the price all will be the same, but there is a disadvantage, if there is one currency only, hoarding might take place and all countries should agree on one thing, who will manage that currency, who will tell them the price, who will make decisions, i think if we have one currency, though it seems to be a good thing, we should study it further, to benefit all.
538  Economy / Economics / Re: Can Bitcoin also lead to corruption ? on: October 29, 2017, 02:59:00 PM
i think it will only the depend on the person, if they are really corrupt from the beginning people will also corrupt bitcoins, however, if you come to look at it, it is unusual for bitcoin to be corrupted in the government, if they all set a price for example 1 btc per transaction, they can monitor the receiving wallet, on how much it should have, and we just need to show proof of our transactions, if hat will be the case, i think we can lessen corruption, since there will still be people who are corrupt in the government, and hey might use different wallets for you to pay them.  i think, if the government will allow people to pay in bitcoin they should scan their addresses or better yet, the government should show its receiving address, but the problem there will be hackers, i think they might develop ways on how they can get the bitcoins from the government's wallet or a possible inside job. it really depends on the person, i think we should just need to practice integrity in order not to be corrupt.
539  Bitcoin / Bitcoin Discussion / Re: Countries developing their own Cryptos on: October 29, 2017, 02:05:40 PM
i think this is not a shock, considering that bitcoin is really beating inflation, it is just normal for people to look for ways on how they can beat inflation and will look forward to a much better future, this is also the reason why the governments have bonds, though the investment is conservative it helps in building a nation, and developing cryptocurrencies made by the government will not be an exception. i think if governments around the world had develop their own cryptocurrencies, it will further give boost to bitcoin, since bitcoin is considered gold 2.0 and history just repeats itself, there would be a gold rush when it comes to bitcoin, and the value will sky rocket and soon they will consider bitcoin as reserves and a new market will be born, though there will be a lot of cryptocurrencies the country which has the mos bitcoin will be the richest, but also it will depend on the governments on how what they will agree upon, further developments will need to be done.
540  Economy / Speculation / Re: BTC to 7k before fork? on: October 29, 2017, 12:30:33 PM
I think Bitcoin will rise before the fork, but will not 7000 USD, since the correction is not even around 6500 USD, before the fork and after, we might see a price close to 7000 USD, and hopefully days or weeks after, it will breach 7000 USD,  since the price of Bitcoin might be hyped again because of the upcoming fork. We should also consider that there are negative comments being thrown to Bitcoin, some might not take ingo consideration an investment in Bitcoin, but still they need to do their part and research. Though the price will not hit 7000 USD, we still need to be thankful, for it will make another bull run, and we can buy Bitcoin before that.
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