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Showing 20 of 40 results by Astra2127
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Topic
Board Economics
Re: Bitcoin holders will have to pay their tax?
by
Astra2127
on 17/09/2018, 07:02:23 UTC
In bitcoin industry we are already been taxed. How? Basically, if we are getting money through remittance, do you think you will get the exact amount of money you want to withdraw or get? Ofcourse not, those companies or agencies are having their commission because we are using their service. But if they are into the idea of having tax on bitcoin itself I think they should spend ample time to discuss things on it.
Post
Topic
Board Economics
Re: BITCOIN / GOLD
by
Astra2127
on 16/09/2018, 13:20:38 UTC
If we are going to compare this two things, there is one question that is very applicable when we are talking about this two. Bitcoin vs gold, the best question would be "Which is more accessible?" If we are talking about gold we will be digging more knowledge about the term "Mining". How can we people get gold? By digging right? It is a natural resources coming from our earth, thats why we will be needing large and heavy equipmnent to do so. Unlike if you are in bitcoin youll just need cellphone, and internet and ofcourse knowledge as about
Post
Topic
Board Economics
Re: Will the bitcoin be outdated by another currency?
by
Astra2127
on 16/09/2018, 00:00:32 UTC
We can say that there is a possibility, maybe yes, maybe no. We are in the modern era now everything is possible, if and if we are just eager enough to do so. People are great immitators, maybe on the next 5,10, or 15 yrs from now, something will change. We'll never know, someone is planning, and will be copying or even revising some about format or system of BTC.
Post
Topic
Board Economics
Re: Why we must study Economics at University?
by
Astra2127
on 14/09/2018, 03:42:53 UTC
If you are really interested of economics and very curious, then your correct to choose Universities. We all know that Universities have the  proper and complete facilities for learning. Another factor and one of the biggest element is the Professors, those persons cannot teach and be hired in Universities without Masters degree or even Doctorate. So basically, Universities have the capacity and high percentage to enlighten everyone about economics.
Post
Topic
Board Economics
Re: Some things to consider before starting a business
by
Astra2127
on 13/09/2018, 22:32:27 UTC
Based on my experience, because we are owning a small bake shop, first thing we considered is the money we need or the capital itself. Knowing your capacity financially is very critical, it includes the money you need for your stall, product, and for the people you are going to hire for example. Next is ofcourse the location or area you will be choosing for your business. It is very crucial nowadays because places that are good for businesses are mostly populated, but putting your business in that kind of area is  very good for your concern which is business. Another thing is about "backup budget" or "extra budget" just in case your business didn't success, but don't worry about it businesses always go through struggles it just a matter of trial and error. Goodluck to you and to your business! 😊😊
Post
Topic
Board Economics
Re: BANKS offers LOANS.
by
Astra2127
on 11/09/2018, 23:35:35 UTC
Loans plays a big role in banking industry. In this part of their money cycle is where they are making there money through the interest given. Every component in that cycle has different percentage included.
Post
Topic
Board Economics
Re: What language should I learn next?
by
Astra2127
on 09/09/2018, 00:49:42 UTC
It's very nice to lean many languages, if you have skills in multi-lingual speaking it is better ofcourse in bilingual, but i think bilingual is ok in the sense that you know how to speak your native language and the international language which is english. In my own opinion I will just learn those 2 languages deeper.
Post
Topic
Board Economics
Re: Financial Crisis Will Come
by
Astra2127
on 07/09/2018, 06:10:51 UTC
Let's deal with this topic straight to the point. Financial crisis is about lacking money to buy all are needs and wants ofcourse. Financial crisis will not happen if we are working and finding a way to earn for our daily living.
Post
Topic
Board Economics
Re: Bitcoin after several years?
by
Astra2127
on 07/09/2018, 00:55:00 UTC
Basically, bitcoin will grow with millions of people participating on it and earn. It will encourage alot of investors in the future because of the system and ofcourse because of the advantage of it if you are one of the biggest businessman to invest.
Post
Topic
Board Economics
Re: Does engaging with bitcoins put you at risk?
by
Astra2127
on 06/09/2018, 04:50:52 UTC
Bitcoin put you in risk? How come? Health issues? I think it's up to the person uses bitcoin for earning, even if you are not in the industry, if you are concern of your health there is nothing to worry about. Remember that people comes with different personalities and mentalities. We have our own way to live life to the fullest.
Post
Topic
Board Economics
Re: its not about how much you invested, its when you should invest?
by
Astra2127
on 05/09/2018, 22:18:14 UTC
I think this 2 scenarios are interconnected. If you come to think about the topic, it is a bit tricky. I think it is just just a matter of perfect timing to invest and with enough amount of money to invest.
Post
Topic
Board Economics
Re: Why spend time in bitcoins?
by
Astra2127
on 03/09/2018, 22:15:08 UTC
Bitcoin needs plenty of time and effort if you are really interested. Spending time in bitcoin is really worth it if you have the eagerness to earn for your living.
Post
Topic
Board Economics
Re: Investing in Bitcoin? Advantages and Disadvantages
by
Astra2127
on 01/09/2018, 22:40:34 UTC
Let's make  it simple, there are advantage and disadvantage of bitcoin, for the advantage one is that you can gain high earnings and make a living, but the disadvantage is that there are alot of people using bitcoin for them to do such thing as scam. Remember it is risky for those who are not ready in this industry.
Post
Topic
Board Economics
Re: Which one do you prefer?Increase your Bitcoin or ِDollar?
by
Astra2127
on 01/09/2018, 13:41:00 UTC
I think we do not need to choose, because it can be interchange. It's just a matter of quality over quantity concept.
Post
Topic
Board Economics
Re: How the Bank works to make money?
by
Astra2127
on 31/08/2018, 23:52:17 UTC
It is about accepting money or deposits from the people and makes that money for loans and of course with interest. It is just like a chain with different channels dealing with money.
Post
Topic
Board Economics
Re: What should we focus on more? Demand or Supply?
by
Astra2127
on 31/08/2018, 21:46:34 UTC
We should focus on both supply and demand because those 2 components are important in our economy. It should be balance. Remember that supply and demand works together and connected.
Post
Topic
Board Economics
Re: What are the challenges for investment with Small capital?
by
Astra2127
on 31/08/2018, 06:15:03 UTC
Investment with small capital will not make the profit to come in big and it will make realizing huge amount of profit take time because the gain will always come in bit

Yes exactly, bigger capital can produce bigger profit. But it depends sometimes with the product or business you are going to invest to. Sometimes because of great hardwork and effort, even with small capital can give you high profit, it's just a matter of decision making and organize way of thinking.
Post
Topic
Board Economics
Re: How the Bank works to make money?
by
Astra2127
on 30/08/2018, 06:37:50 UTC
How do you think banks make money, how does a bank make money to pay its employees and business operational?
Does the bank rely solely on interest on loans from banks?

One is that they are using that money for lending and putting high interest on that money.
Post
Topic
Board Economics
Re: How will crypto go long term?
by
Astra2127
on 29/08/2018, 06:19:06 UTC
Crypto will go long term and even grow and develop if there are people who will patronize more this industry. Like for examples the investors who uses crypto for their good profit, if there are alot of people patronizing crypto then it will be good and favorable to crypto.
Post
Topic
Board Economics
Re: Wise thing to do with your savings.
by
Astra2127
on 29/08/2018, 02:53:59 UTC
I'd go against any time-deposit schemes since one, if in case you have had an emergency situation and you can't get any cash immediately and two, you literally won't earn anything significant off of it, really, and it's better off allocating that 20% into your emergency fund or invest it into something else. I'd only take it to a cryptocurrency investment if I know I still have the means to spend once an emergency situation happens, or my expenses aren't that high and I have spare money to spend. But for minimum-wage earners, I suggest keeping it for emergency and just try to invest whenever you have something extra.

Exactly. Depositing your money to your bank account is pretty good, but how about if its on a time deposit you can't withdraw easily and use that money for emergency purposes, Personally, I do have a stable job I do prefer banking, but I also have my own savings or separate money for different occassions or needs, that's why I can use immediately the money I saved for emergency.