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Showing 20 of 96 results by ASHANABEY
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Board Bitcoin Discussion
Re: How foolish are people who invest in Bitcoin?
by
ASHANABEY
on 26/08/2018, 06:07:17 UTC
I don't think people who are investing in Bitcoin doing a wrong thing some times I might not 100% accurate but it is possible that Bitcoins future will be much greater than today even it is struggling with its price at the moment but we need to understand that every investing asset has it own price variations in different time periods and Bitcoin have them too but the variation was much higher in the past couple of years that is why most people did panic selling to avoid further losses but it is clearly gaining its price back slowly so buyers who invest today might make huge profits in the future     
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Topic
Board Bitcoin Discussion
Re: People call bitcoin a fraud or ponzi scheme
by
ASHANABEY
on 26/08/2018, 06:00:30 UTC
Quote from: keycellko on July 05, 2018, 10:29:20 PM
Anyone can call it ponzi scheme and fraud but if you think of it, everything worldly is fraud. You buy apple products with thousands of dollars but how much are they really worth? Why would people give out thousands of dollars for a macbook when they can buy a laptop for $300? Is it really worth that much or is it just another ponzi scheme that apple is bringing to the world better gadgets than any other brands? So we're talking about bitcoin now. What are we really paying for when we buy bitcoin? We pay for an online program and the people running the program helping transactions go through, or we call mining. Miners put in so much time and most especially the cost of mining is so much. That is merely the reason why bitcoin will cost much and if incase it will dive too low and will not be enough to pay for miners, then that could be the time bitcoin will die, or not.

People say Bitcoin is not worth for its price tag because it doesn't do anything productive at the moment but if we really imagine what kind of things it can do the price might be much higher than the current price but the sad thing is what ever the intention that Bitcoin was build or created is no working at the moment because it has become an investment asset than a digital currency in today world so its productivity has been limited by greedy people 
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Topic
Board Bitcoin Discussion
Re: LIKE IT OR NOT, BITCOIN IS AN INVESTMENT
by
ASHANABEY
on 26/08/2018, 05:54:11 UTC
Quote from: dirisu2018 on August 13, 2018, 08:49:42 PM
                              In an economic sense,
 An INVESTMENT is the purchase of goods that are not consumed today but are used in the future to create wealth.
                                        In finance
An INVESTMENT is a monetary asset purchased with the idea that the asset will provide income in the future or will later be sold at a higher price for a profit.

I really don't want to turn these into an economics class but the both definition of what investments are clearly should settle the argument of whether BTC is truly an investment or not.


That is true Bitcoin has truly become an investment so purchase of Bitcoin from exchanges by buyers has been done with one target on mind and that is to sell for a highest price possible after a while imagining and assuming the price will eventually increase by time and the downside of it is no one spend even a little amount during that period for anything which makes even more Bitcoin to fail as a currency and this has been continuing since the beginning no matter with what vision Bitcoin was developed by developers 
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Topic
Board Bitcoin Discussion
Re: Don't worry, Bitcoin will be fine.
by
ASHANABEY
on 25/08/2018, 15:19:11 UTC
Bitcoin will be fine I do believe that and even it is look like Bitcoin is struggling with it's price to increase most experts in the crypto community guarantee that Bitcoin will overcome every obstacle it has during this year so this might be the year that Bitcoin starts its journey properly to win over the world as a global currency 
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Topic
Board Bitcoin Discussion
Re: They want you to panic :->
by
ASHANABEY
on 25/08/2018, 15:13:01 UTC
Yes many want us to panic and they do strange things to do that until they gain more income among hackers and other criminals market manipulators are common thee days in the crypto market which is a bad news for the future of the crypto market and also it makes other traders in difficult situations because no one can truly understand what information should be trusted and what to ignore before they sell there currencies 
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Topic
Board Speculation
Re: BITCOIN is useless!?
by
ASHANABEY
on 25/08/2018, 15:07:07 UTC
Yes Bitcoin price is decreasing Due to some but considerable negative effects happened in last period such as , Government restrictions against Bitcoin, Banning, Criminal activities using Bitcoin, Panic token holders and other false rumors that made ridicules accusations against Bitcoin but no one can say exactly like above that Bitcoin will end 
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Topic
Board Bitcoin Discussion
Re: Can you stop calling Bitcoin an investment?
by
ASHANABEY
on 25/08/2018, 15:05:07 UTC
Sadly no one can deny the fact that even Bitcoin is a currency it has become an investment in the current marketing system and many openly address Bitcoin as an investment and I think they might even doesn't know it is an currency. But it is good or bad most business individuals was attracted to Bitcoin in past period to invest which may be seems like bad because they only think to gain money by investing but it has increase Bitcoins popularity among people in the world so there are good and bad both here   
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Topic
Board Bitcoin Discussion
Re: Can't we accept bitcoin is going through developmental stages
by
ASHANABEY
on 24/08/2018, 03:13:01 UTC
Yes still there are lot of things Bitcoin to grasp in the world to become a reputed global currency and Bitcoin is in still early stages to do that to get more closer to people with more usable options where every kind of person will be able to use Bitcoin easily   
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Topic
Board Bitcoin Discussion
Re: Financial Writers Predict Fiat Dollar Will Collapse and Rise Crypto
by
ASHANABEY
on 24/08/2018, 03:08:38 UTC
Many say that fiat Dollar Will Collapse with Rise of Crypto but in order for that to happen the crypto currency must has the ability to make a radical change in the world financial system by making cryptocurrency are the most usable currencies in the world which is really difficult but possible and it is happening right now but not with the speed as we expected     
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Topic
Board Bitcoin Discussion
Re: My sweet and bitter experience about bitcoin
by
ASHANABEY
on 24/08/2018, 03:02:21 UTC
Everyone panicked due to the huge price drop and I did too but every investing asset has it own price variations in different time periods and Bitcoin have them too but the variation was much higher in the past couple of years that is why most people did panic selling to avoid further losses but there is much hope for Bitcoin and other cryptocurrencies in the future due to the demanding they are gaining from the outside world   
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Board Bitcoin Discussion
Re: Bitcoin as World Currency...
by
ASHANABEY
on 22/08/2018, 07:01:15 UTC
Quote from: gpamfmcq on July 30, 2018, 08:40:23 AM
I don't think bitcoin will become a world currency, at least in the short term. We all know that bitcoins can be used as a way of payment, but Fiat is still the mainstream way of the world, and it's hard to get a share in the payment field without the support of national policy.

Yes without the agreement from governments in the world there is no way bitcoin will become a world currency but many governments are considering about Bitcoin to use as an international currency so we should hope for the best in the future because it decide not only the future of Bitcoin but the future of other currencies and the entire crypto market   
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Topic
Board Bitcoin Discussion
Re: Who will benefit the most from bitcoin/cryptocurrency?
by
ASHANABEY
on 22/08/2018, 06:58:34 UTC
Quote from: nexus5chetan on July 31, 2018, 02:18:50 PM
These are people who own large quantities of BitCoins. As a result they can raise or lower the BTCUSD rate on any exchange more-or-less at will. This power can be used to affect the market volatility to their advantage. There is little doubt that at least a few of the Whales are benefitting from BitCoin’s volatility by making use of their power to change the exchange rate.

We see that more often these days market manipulation is done in many times and that was the main reason Bitcoin prices and other prices to move down or up without any reason so people who do that can gain more Bitcoin or other currencies for cheap so the best thing to do is stay allert and understand the market well then anyone can avoide such situations without gatting caught       
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Topic
Board Bitcoin Discussion
Re: Do you agree that Bitcoin is nearly to be just like another business?
by
ASHANABEY
on 22/08/2018, 06:52:41 UTC
Quote from: TIDOVEE on August 11, 2017, 11:43:03 AM
You are right, it really making up nice income. its a reliable business..
It is a reliable business for smart people but we see many new comers are getting fooled and scam by market manipulators in the crypto market so like any other investing asset Bitcoin should dealt carefully and unlike other investing options Bitcoin can provide more profits in short period of time
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Topic
Board Bitcoin Discussion
Re: Why Bitcoin isn't a legit currency.
by
ASHANABEY
on 22/08/2018, 06:49:47 UTC
Quote from: bloodyvio on May 24, 2018, 08:51:18 PM
well i think because bitcoin so far is just a prediction game
people buy bitcoins to invest by expecting rising bitcoin prices (speculation)
a good currency must have a stable price
That's why Bitcoin is not a legit currency

Yes Bitcoin has become an investing asset than a currency among many users in te world even it's build intention ws to become a global currency so how come bitcoin can become a legit currency when even its users are not accepting or using it as a currency for transactions
Post
Topic
Board Speculation
Re: What is the reason for bearish of BTC
by
ASHANABEY
on 17/08/2018, 02:48:54 UTC
Due to some but considerable negative effects happened in last period such as , Government restrictions against Bitcoin, Banning, Criminal activities using Bitcoin, Panic token holders and other false rumors that made ridicules accusations against Bitcoin 
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Topic
Board Bitcoin Discussion
Re: Why BTC is not adapted into business??
by
ASHANABEY
on 17/08/2018, 02:42:22 UTC
There is no problem with Bitcoin in this matter it is a problem with the Business people and the world not willing to use Bitcoin in there business still except online retail sites and other but this situation is changing at the moment   
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Topic
Board Bitcoin Discussion
Re: Will bitcoin go under regulation
by
ASHANABEY
on 17/08/2018, 02:36:31 UTC
Bitcoin doesn't have to go under regulations. goin under regulations means Bitcoin freedom and it's users freedom will be vanished forever and the concept of decentralization, barrier less quality and other many advantages will be eliminated 
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Topic
Board Economics
Re: Newbies panic & Old timers smile, when the Bitcoin price take a dip.
by
ASHANABEY
on 17/08/2018, 02:32:58 UTC
Everyone panic due to lack of understanding every investing asset has it own price variations in different time periods and Bitcoin have them too but the variation was much higher in the past couple of years that is why most people did panic selling to avoid further losses 
Post
Topic
Board Bitcoin Discussion
Re: Is the world ready for cryptocurrency?
by
ASHANABEY
on 17/08/2018, 02:31:38 UTC
The world is ready but people wont easily accept that due to the uncertainty because some feel that the currency economical system will collapsed if the world starts to use cryptocurrencies and that is why even the world is ready cryptocurrencies are still struggling to expand   
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Topic
Board Bitcoin Discussion
Re: Physical bitcoin - Is this the future?
by
ASHANABEY
on 10/08/2018, 07:42:20 UTC
Making Bitcoin a physical currency will go against its main idea and I think it will be traceable by governments and other organization if the community starts to use that in physical form and we will loose many benefits too in the process so it is always better that Bitcoin stay in the current form