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Showing 20 of 120 results by Ampong2121
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Topic
Board Economics
Re: Is the government really scary?
by
Ampong2121
on 15/07/2018, 23:24:21 UTC
For me NO because they dont know how to manipulate the system of bitcoin. If government can do that, banned and hack the bitcoin i think they already do that before, but because its hard to manipulate bitcoin still exist. And it will exist more, and grow more.
Post
Topic
Board Economics
Re: Reason we pay taxes and why we should
by
Ampong2121
on 15/07/2018, 11:49:45 UTC
And also the people who seated in government are become rich because some of them are truly thief the taxes of workers, people's money they put in their pockets. There is no problems to paying tax the problem is the corruption  thats happening in many country. That's why there are countries are suffering.

Strongly agree, its ok to pay tax but if you know that there are people who dont use our money in right things why we should pay taxes? People are suffering because there are government official who are selfish and they didnt think our hard work just to pay taxes Sad
We cant nothing to do about the thiefs, but we need to pay taxes for our business just to have money for our finances.
Post
Topic
Board Bitcoin Discussion
Re: What factors scare others from investing into bitcoin?
by
Ampong2121
on 13/07/2018, 03:19:13 UTC
Not only the volatility but also the legalities of bitcoin, because other people wants a legal investment they want to be sure that the money they invest is super safe before they invest.
Post
Topic
Board Economics
Re: Does money make you rich?
by
Ampong2121
on 12/07/2018, 13:49:40 UTC
Not only the money that make you rich, because money will gone if you dont know how to handle it right, you also need smart mind and you need to be hard working so that your wealth will not gone.
Post
Topic
Board Speculation
Re: When will you sell Bitcoins ?
by
Ampong2121
on 12/07/2018, 07:57:06 UTC
I will sell my bitcoin if the prices reaches 1million again or more, because this price will give me more profit that i can use in my families needs.
Post
Topic
Board Economics
Re: When will people feel comfortable using BTC ?
by
Ampong2121
on 11/07/2018, 12:06:59 UTC
If people know whats good in bitcoin, if they know how to use and secure their bitcoin they will be comfortable in using it, because all people want a safe investment and safe wallet for their money. And more if bitcoin price is high i know they will be more comfortable in using bitcoin.
Post
Topic
Board Bitcoin Discussion
Re: Can we make sure that our money we invest in Bitcoin is safe?
by
Ampong2121
on 11/07/2018, 04:20:54 UTC
It will be safe if you are responsible in you key or wallet address, you must be careful in using your accounts so that hackers will not find a way to get all your bitcoin. And take note that investing in all investments have always a risk so if you want to take the risk then invest but as i said just be careful.
Post
Topic
Board Bitcoin Discussion
Re: How can a goverment trace you have BTC?
by
Ampong2121
on 10/07/2018, 13:30:22 UTC
How can the government discover I own BTC, let's say I'm from Venezuela where crypto is banned, what they can do to discover and arrest me?

Government can find you through an exchange.
He can find you through an kyc from an airdrop, ico, etc.

Unless you are very careful, you can be tracked.

I agree with you, because we send our i.d's and our information , then they will know where we live. But if the government dont have access to the file that the ico's and airdrops has then you dont have to be afraid, they cant tracked you and they dont know that you have bitcoin.
Post
Topic
Board Bitcoin Discussion
Re: What do you mean when you say Bitcoin is number 1
by
Ampong2121
on 27/05/2018, 14:44:46 UTC
Bitcoin is number 1 because we all know that bitcoin has the higher amount in the market. All of the coin price is depending in the bitcoin price thats why its better than other investments. And what the above said are true with bitcoin.
Post
Topic
Board Economics
Re: Is NOW the best time to buy or enter in bitcoin?
by
Ampong2121
on 27/05/2018, 05:55:01 UTC
The best time to buy was several years ago. The second best time is now.

Yes your right because price now is very low, just like before when i first know about bitcoin, but before when the price is very low i didnt invest because i have a doubt that bitcoin is a scam, but now i proved that its not, i wanted to invest if i have a extra money to invest.

So if you want to invest its the right time so that when the time comes that bitcoin price will reach 1 million again then you can get a high profit.
Post
Topic
Board Economics
Re: Investment in Bitcoin vs Investment in Education?
by
Ampong2121
on 26/05/2018, 10:33:48 UTC
Invest in both the things? Invest 70% of your time and money in bitcoin & remaining in education

How about that?

I would prefer of 50% on both field so that you will be knowleagable if you study and invest in bitcoin so that you can earn for your study. You just need to manage your time in doing this two thing so that you will be successful in this two field.
Post
Topic
Board Bitcoin Discussion
Re: Depending your future in bitcoin...
by
Ampong2121
on 26/05/2018, 03:45:28 UTC
Yes its true, depending your future in bitcoin is like your depending your future in luck, because we dont know when it will exist so better put on a business if you can or buy some properties so that you still have investment if bitcoin will lost. Dont depend your life in one thing, its better if you have many options so that if the other one lost then you have another one to get a money for your future and for your daily needs.
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Topic
Board Bitcoin Discussion
Re: Can the Most Powerful Computer on Earth Hack Bitcoin?
by
Ampong2121
on 24/05/2018, 01:44:33 UTC
Its not in the computer, even if its powerful or super computer it cant hack bitcoin if theres no PEOPLE who will  use the computer. If theres a person who can use it and very smart in using that super computer maybe they can access or see our private keys. Everything is possible to happen especially this generation people are very smart and creative.
Post
Topic
Board Economics
Re: Banks Won't Make You Rich
by
Ampong2121
on 05/05/2018, 05:30:41 UTC
This is my opinion.Banks won't make you rich.saving in bank can never do that,because of interest rate that bank gives you is too tiny.You saving will be simply be eaten up by the sleepy monster called inflation. As a example I will take ,When I'm in grade school,each day I received 10Rs (my country currency) from my mother.It was enough to by me 2 meals,but in now 10Rs enough to buy 2 candies.  Lips sealed Banks are just for keep your money safe!  Tongue



Yes,if you invest your money in bank it won't make you rich so better invest your money in bitcoin because there's a great chance that you become rich in here.


I agree, bitcoin will make you rich if you will invest the money instead of putting it in a bank, but its not like that, you need to wait and have patience because the price is not stable, and your investment would take time to increase. But remember dont invest all your money, better save your other money in bank so that its safe and if you have emergency you can take the money and use it, because if you will put all your money in bitcoin you cant use it for emergency purposes because you will just lose your money if you sell it in low price.
Post
Topic
Board Economics
Re: Is bitcoin helpful to the economy?
by
Ampong2121
on 03/05/2018, 12:35:55 UTC
Yes of course, the bitcoin really helps in our economy especially for people who are unemployed or have no stable job, bitcoin they help people how to earn money on their own.

Base on your statement it only helps the unemployed people or the people who dont have stable job but its not helpful for our economy, because in the first place poor people dont use bitcoin and dont know what about it, because they dont afford gadgets and internet, so how it become helpful to our economy? It is helpful for the people who know and use it not for our economy.
Post
Topic
Board Bitcoin Discussion
Re: Does bitcoin pose a threat to banks?
by
Ampong2121
on 03/05/2018, 08:53:50 UTC
Bitcoin will not eliminate the bank, because even if there is bitcoin we still need to use fiat money, and the bank is an intermediary between bitcoin to make fiat money.

Yes i agree that we still need physical money because lot of people cant use the digital money, so i dont think that banks will eliminate because of bitcoin, because in the first place they have different things to do. Yes its true that  they have the same security system but if we are talking to their price its difference because bitcoin dont have stable price.
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Topic
Board Economics
Re: Why people are still buying BTC?
by
Ampong2121
on 01/05/2018, 12:57:05 UTC
Different people have different preferences. Just like how some people prefer to use cash when dealing, some prefer debit card, some credit card and etc. Each method have their advantages and disadvantages, but people still use them. Same argument for bitcoins.

Yes its true, every people have their own reason why they still invest and use bitcoin. Some of the people like the security of bitcoin and the profit they get even if they wait for a long time, maybe they want a long term investment.
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Topic
Board Bitcoin Discussion
Re: BITCOIN will be dead?
by
Ampong2121
on 30/04/2018, 12:49:47 UTC
People who say bitcoin will soon die are just the most misunderstood people, and they are just disappointed at bitcoin for now.

Yes i agree, people who say that bitcoin will die soon is the people who dont believe that bitcoin will exist forever. I know and i feel that it will exist in a long time because lots of people are still using bitcoin and it helps a lot of people. Price will surive and bitcoin will grow more in the future.
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Topic
Board Economics
Re: how can the beggars access Bitcoin?
by
Ampong2121
on 28/04/2018, 15:02:37 UTC
If all paper money were change into Bitcoins, can it be access and use by everyone? how can the beggars access Bitcoin?

yes that's the constraint, so bitcoin will not replace the paper money, one of the factors is the state of potential users there are not able and some who do not know how to use it, there are still many human resources that are not ready with payment method like this, still it will be a long time to get ready to use bitcoin


Yes its right, its hard to use bitcoin as a payment system because beggars and other people dont know how to use bitcoin and gadgets. So how they will buy things or foods if we gonna change it to digital method? We need a big change before we do it.
Post
Topic
Board Bitcoin Discussion
Re: bitcoin vs. real money???
by
Ampong2121
on 28/04/2018, 13:58:34 UTC
For me this both is good and it has their own advantages. Bitcoin is great because it will give us hassle free in buying online, and easy to send money because we dont need to go to remitance center just to send money. For real money its also easy to use especially for the people who dont know how to use gadgets and internet.