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Showing 20 of 51 results by Bingooop
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Board Economics
Re: Bitcoin to be international currency
by
Bingooop
on 17/03/2018, 17:15:18 UTC
I think Bitcoin is already international currency.bitcoin is a Crypto currency, we dispute it into dollar and we use it anywhere and we have no difficulty in it.It is as well as easy to pay and have some transaction via your Bitcoin wallet and that is utter of the wallet.we just need a tiny more period behind the halving in my eyes than its possible.

Yes seriously u need to consider bitcoin as one of the most strongest currencies which are used in today's market as a currency is valuable only till it's holders have interest in them
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Topic
Board Economics
Re: what is the future of virtual currency like bitcoin ?
by
Bingooop
on 10/03/2018, 12:31:39 UTC
I think the future of bitcoin will be defined in terms of banks and the establishment versus the world.

One one side, we have independence movements like #brexit, catalan independence and others who are dissatisfied and unhappy with the pro establishment status quo. Nations like iceland, hungary and others who borrowed money from the IMF during the economic crisis of 2008 then kicked the IMF out of their country after they realized the price of borrowing money from them was for them to interfere in their politics and infringe upon sovereign rights may also be considered affiliated.

On the other side we have organizations like the european union, IMF and central banks which represent an attempt to centralize and unify the entire world and its money supply under their own solitary rule.

I think independence movements like catalan and #brexit will eventually embrace bitcoin and crypto as it will give them independence from SWIFT and other banker financial networks while central banks be attempt to ban crypto and outlaw it. Of course they have other alternative plans such as having banks regulate crypto or buying up all of the exchanges as we have seen goldman recently buy out poloniex.

Who knows what the outcome will be but I think bitcoin's future could be defined in terms of this conflict.

There is a lot of potential in these currencies for future use as in future these short payment method will be adopted for daily use as they are very simple for use and these are very best for payments
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Topic
Board Economics
Re: panic selling
by
Bingooop
on 10/03/2018, 12:24:37 UTC
You would get a clearer answer if you specify the amount of bitcoin which are going to be sold. "Huge" can be anywhere from 1000BTC to 1MBTC. The former won't even move the market while the latter will likely result in a substantial drop on the price.

This is most dangerous for bitcoin as because of such panic sellings they lose their value up to very great extend which is very shameful fir such a worthy currency like bitcoin . It can only be protected by not allowing any panic news let into the market which might cause disturbance in the trust of holders
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Board Economics
Re: Do you think billionaires invest in BTC?
by
Bingooop
on 10/03/2018, 12:19:13 UTC
Of course. But I think it is not a fattest piece of the pie in their portfolio.

Yes definitely in fact many persons became billionaires because of bitcoin investment as many investment in bitcoin lead them from 1 dollar to 250 follow so they are best fir investment so that's why every billionaires eye is on open bitcoin through which he can invest and double or maybe triple his money
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Topic
Board Economics
Re: Is Bitcoin Money or Currency
by
Bingooop
on 10/03/2018, 12:15:21 UTC
Money is unreal, meaning imaginary, intangible - a concept.

Currency is NOT money, but merely represents money.

Currency obviously because money is something which is real and can be exchanged through hands or perception while bitcoin is currency which can be transferred to each other virtually and as a result can lead to best payment through net without leaving any trace for your identity
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Topic
Board Economics
Re: Is bitcoin dead?
by
Bingooop
on 10/03/2018, 12:10:07 UTC
short answer no, just a little crisis due to the price being low/many lost huge amount of money because they bought at the peak, taxes being a problem, and other small stuff

just a despair phase that is very long apparently

Seriously it's a straight forward no because bitcoin is a currency which can never be dead as they are always in demand for payment as mostly bitcoin users are those who don't want to reveal their identity to the 3rd party for just a payment so that's why it's the best way for payment for some users so for their use they'll never let bitcoin to abolish completely
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Topic
Board Economics
Re: Is Bitcoin the next big thing?
by
Bingooop
on 10/03/2018, 11:39:31 UTC
For those who argue that Bitcoin and other cryptocurrencies are the next big things, buying and investing in Bitcoin might just pay off. Bitcoin might excel if currencies like the dollar et al trips under a hyperinflation scenario but that for now is not visibly an option that is available, thus, another fundamental question is wether Bitcoin can replace normal currencies and that again is not feasible in the nearest future. Why then should people invest in or buy a currency that can rise or fall by 20 percent in an hour or two?
I think the right question would be what's the next big thing after Bitcoin?! Aside from it's present status as the top crypto currency amongst hundreds, it is now being included, if not, already included in the wall street futures. Now being included in wall street would pretty much say Bitcoin is BIG! 😉

Yes maybe because its a revolutionary way of making payments to other beings without any inference of any third party . We can make a payment through bitcoin from one part of world to another part without any interference of third party which can make payment option we can say somewhat legendary  Wink Cheesy
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Board India
How can but coin help to earn money while living in india
by
Bingooop
on 12/11/2017, 12:05:04 UTC
 Huh Huh Huh Huh Can someone explain me how we can earn money living in india using bitcoin
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Topic
Board Mining speculation
Re: How is mining successful nowadays
by
Bingooop
on 15/09/2017, 19:05:01 UTC
bitcoin is not profitable anymore. you should try altcoins. but if you will keep your bitcoins you can mine.

What benefits does this have against bitcoins
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Topic
Board Economics
Re: Why Bitcoin has power nowadays ?
by
Bingooop
on 12/09/2017, 17:08:36 UTC
Bitcoin has become a new power in the world of money as we all know that all sides deal with it so it has to survive until it become the powerful source of life . So what it is difference between bitcoin and other cryptocurrencies? and why Bitcoin has become powerful among other currencies and cryptocurrencies  ?

Firstly ,let us define bitcoin by defining cryptocurrency briefly then pass to make a contrasts between Bitcoin ,Dogecoin and litecoin .
We hear always that bitcoin is the money of the future .this expectation can be taken seriousely when we see bitcoin nowadays and how much transactions executed per day which is surprising . we can say that bitcoin is a cryptocurrency and cryptocurrency is a money which is not traditional rather it is digital or numerical which works electronically ; the most common cryptocurrencies are Bitcoin , Dogecoin and litecoin and bitcoin has something special in contrast to others and this specialty is represented by the number of transcations made per day and its volume, so bitcoin and litecoin and dogecoin differ in their volumes which will interpret to us that bitcoin has power nowadays.

In fact bitcoin is increasing exponentially in volume and numbers of transactions which will get us to the hell of thinking that bitcoin may take the lead of other cryptocurrencies if we don't say that it will take the lead of traditional currencies.because it has power which can fortify its presence in today world.

Because it's a currency which is valuable and very accessible to the lowclass also so it's becoming a currency which is pure and simple to use that's why it's important for us
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Topic
Board Economics
Re: Loans too risky?
by
Bingooop
on 11/09/2017, 13:13:49 UTC
I know that people give out loans but what's up with people no returning what they borrowed?? I want to know this because I might give out loans myself and I want to know what to watch out for... I have ~800 BTC at the moment and would it be a bad idea to start loaning? I bought my BTC back in 2010 mid August January(when it was about $0.07 per BTC) and I noticed the price went up a ton! Also what would be some other way to grow my BTC? Any ideas on what I should do?
Lol I don't believe a word you say about your bitcoin holdings, no offense.  And what's up with people not returning what they borrow?  Hello, are you new to the world?  It's greed and dishonesty.  I assume you're probably not new to this forum either.

Yes loans are very risky as interest keeps on increasing which is very dangerous
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Topic
Board Economics
Re: What is your best investment strategy?
by
Bingooop
on 11/09/2017, 11:41:25 UTC
I don't really have a strategy that I use. I just buy some Bitcoins every now and then when the price has gone down to hold for the long term. That's all I do at the moment. I am not even trading. It's purely holding what I do. I am so happy with my Bitcoin investment that I never look into any other investment. Bitcoin is more than enough for me as I believe in its full future potential.

Investing in anything which can be a good valuable in future so that would be a great investment in your life
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Topic
Board Mining speculation
How is mining successful nowadays
by
Bingooop
on 09/09/2017, 08:36:31 UTC
Since I am having no experience in mining so please tell how mining can help newcomers like me
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Topic
Board Economics
Re: Is bitcoin a good way to invest your money ?
by
Bingooop
on 09/09/2017, 06:46:49 UTC
Invest some of it, yeah.  You have to realize how frigging volatile bitcoin is, though.  There's nothing that says we have to stay at or break above $2500.  We could be back down to $1500 or lower by tomorrow.  Do I think that's going to happen?  No, but it's possible.  So if you're young and don't have a retirement plan and have extra money to play with, do it.  But be ready to lose money...and hope you don't.

I wouldn't put too much into crypto.

It's not only good but it's great way of investing your money as it can be used to be a good time to get the world market for them and they are not filtered into your account we have to be a great investor
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Topic
Board Economics
Re: Why Should I Choose Bitcoin ??
by
Bingooop
on 09/09/2017, 06:08:29 UTC
All valid points and those are the only that I can think of that anyone can really ask for when choosing to use bitcoin in the first place. Smiley

One should choose bitcoins as they are becoming a better currency in the world in every means and also they are accepted all over everywhere so bitcoin wallet is a good idea to have currency
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Topic
Board Economics
Re: why is it so hard to buy bitcoin
by
Bingooop
on 04/09/2017, 19:14:14 UTC
If you use USD and want Yen you don't necessarily have to exchange them. You can start working for Yen. It's the same with bitcoins. You don't have to buy them you can just start services to earn them. I like it better because then you don't have to give out your ID to some online company!

It's hard to earn bitcoins because of its huge value in marketing and advertising industry and also the best currency in the world and also the world market day by day and I have paid the world
Post
Topic
Board Economics
Re: Why Bitcoin has power nowadays ?
by
Bingooop
on 27/08/2017, 19:02:41 UTC
Bitcoin has become a new power in the world of money as we all know that all sides deal with it so it has to survive until it become the powerful source of life . So what it is difference between bitcoin and other cryptocurrencies? and why Bitcoin has become powerful among other currencies and cryptocurrencies  ?

Firstly ,let us define bitcoin by defining cryptocurrency briefly then pass to make a contrasts between Bitcoin ,Dogecoin and litecoin .
We hear always that bitcoin is the money of the future .this expectation can be taken seriousely when we see bitcoin nowadays and how much transactions executed per day which is surprising . we can say that bitcoin is a cryptocurrency and cryptocurrency is a money which is not traditional rather it is digital or numerical which works electronically ; the most common cryptocurrencies are Bitcoin , Dogecoin and litecoin and bitcoin has something special in contrast to others and this specialty is represented by the number of transcations made per day and its volume, so bitcoin and litecoin and dogecoin differ in their volumes which will interpret to us that bitcoin has power nowadays.

In fact bitcoin is increasing exponentially in volume and numbers of transactions which will get us to the hell of thinking that bitcoin may take the lead of other cryptocurrencies if we don't say that it will take the lead of traditional currencies.because it has power which can fortify its presence in today world.

what are you trying to compare bitcoin to when you talk about the power of bitcoin?

if you mean bitcoin is powerful among other cryptocurrencies like the ones that you have named in you comment then i agree because none of the other cryptos (altcoin) are even close to bitcoin in usability.

but if you are comparing bitcoin as a currency with other currencies in general like USD, EUR,... then bitcoin has very little power since the percentage of usage of bitcoin is very small comparing to others.

It's the currency which is getting its value day by day increasing so its becoming much more valuable currency in every aspect that's why it's getting stronger
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Topic
Board Economics
Re: Best way for steady income
by
Bingooop
on 21/08/2017, 15:26:06 UTC
Hello All,

What you think is the best investment to gain steady income in btc without actively doing anything?
So no trading/gambling/loaning etc.

Steady income more likely to be 'small & secure' than 'big & risky'.

Some exchanges pay interest on bitcoins held in their accounts (Bter had been paying, but at all costs stay away from them), other exchanges (like Bitfinex) allow to safely loan your bitcoins to other users on market terms. But the interest is usually small, and income thus earned will be tiny unless you have thousands of bitcoins. Besides that, holding your money at exchanges is rightfully considered risky by itself. Other than that, you could find someone who would manage your coins for you, giving away a part of profits earned this way and sharing losses potentially incurred...

But this also involves risks associated with trust and managing skills of the trustee

It's the best option for steady income as till you post ur views on this forum u will get money as a steady rate so this can be so best for steady income
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Topic
Board Economics
Re: BTC is a roller coaster
by
Bingooop
on 19/08/2017, 05:27:54 UTC
Simply? bitcoin is not going anywhere. Rich people will always manipulate the market and try to make profit of it. long term holders will eventually be the ones who make the biggest profit, checking the price on a daily basis will only give doubts and encourage you to sell, Its better to hodl and forget about them for sometime.

It's a complete rollercoaster as there are ups and downs day to day so investment in BTC is not a very reliable idea
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Topic
Board Economics
Re: The dream of getting rich with bitcoins
by
Bingooop
on 19/08/2017, 05:17:14 UTC
Buy now and sell it after 4 years. It can triple your profit.
And its every bitcoiners dream to become rich with the help of bitcoins.

One can get rich by investing in bitcoins as it is the best option for investment which surely yield profit on investment so the best investment is this only