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Showing 20 of 730 results by Birin016
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Board Economics
Re: Gold & Silver are safe than bank deposits ??
by
Birin016
on 06/09/2018, 23:59:08 UTC
I think now fixed deposit interest rates are less than 5% p.a in USA and Europe. In India fixed deposit rates are 6.5%.

Gold and Silver gives average profit of 8% to 12% per year. Silver will most likely give 20% to 30% profit each year from here on to reach $60/ounce.

Example:

Profit for gold and silver for year 2016 is 12%.

Profit for gold and silver for year 2017 is 0%

Profit for gold and silver for year 2018 is 8%

Profit for gold and silver for year 2019 is 16%

So average profit for 4 years is +9%


How secured/safe are investments in gold and silver if you decide to remove/withdraw your money from banks fixed deposits and invest them in Gold and silver ??

Yes I quite agree with the fact that gold and silver are much safer than bank deposits because in time the value does not depreciate unlike the money you put in the bank, you are required to have a minimum amount to store it and the disadvantage is that it is easy to withdraw too.
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Topic
Board Economics
Re: Does engaging with bitcoins put you at risk?
by
Birin016
on 05/09/2018, 23:56:17 UTC
We, as physically and intellectually healthy individuals, strive and survive to achieve our dreams, establish our roles in the society and fulfill our needs and wants. But in order to do this, we are also required to be financially healthy. The lingering fact is that money is not achievable as a single candy you can buy in the store. Sometimes, people risk their lives and reputation just to get a handful. Bitcoins are not officially a currency that you can just see in a certain country, that are being utilized and used. So, is dealing with bitcoins and other things related to it also puts us in a risky gamble?

You have to take the risk if you want to be a successful, but in bitcoin there's a big risk involved but also has a big chances to become a successful in financial, So don't afraid to take the risk.
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Topic
Board Economics
Re: Cryptocurrency wallets: Can they be hacked??
by
Birin016
on 05/09/2018, 23:52:37 UTC
I am very interested to know if cryptocurrency wallets like Bitcoin Core, NEON, Electrum can ever be hacked ?

Yes they can be hacked because they are also in digital form like your social media account that requires your email and password or a certain private key. Once these information got leaked or exposed by a hacker, then it's the end of the road of your crypto assets already.
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Topic
Board Economics
Re: Why most bitcoin users from good economies countries?
by
Birin016
on 04/09/2018, 23:24:38 UTC
We can not deny the big country with good economy, it will make the society economy better too.
So they can follow the economic development and participate in transactions and investments in Bitcoin era.
How the people of small countries can participate in participation and benefit from it?
It would be very difficult to calculate the statistics of users of each country, but the comparison of Bitcoin ATM growth from this early 2017 report can be the initial reference of the statistics.
Perhaps by the end of this year, there will be more Bitcoin ATM growth across the board due to the growing interest in bitcoin this year.




with good facilities or infrastructure, the country can support their people to search on the internet about the opportunity to make money. and finally, people can find about the cryptocurrency which could help them to search a new way to make money. I am sure that for the other country which doesn't have good facilities, they are able to search this opportunity too and it depends on how that people want to keep trying to search.
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Topic
Board Economics
Re: How can we make this world economically better?
by
Birin016
on 04/09/2018, 23:21:44 UTC
i think we should know how to become unite and  studying new strategies for the better economy of every country. because the poor need us. we should be at the poor. together we can save the world economy together we should fight and end the world poverty so this world economy would be better.
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Topic
Board Economics
Re: How Long Crypto market will take to recover?
by
Birin016
on 03/09/2018, 23:47:16 UTC
Allow me to say be more patient. Everything will be okey in due time just wait again and again to experience extraordinary profit if possible once bitcoin will recover as soon as possible. Hold your potential coins and sell your shitcoins. I hope that you won't panic anymore rather you should be patience to have better result.
Post
Topic
Board Economics
Re: What is the best Cryptocurrency to Invest?
by
Birin016
on 03/09/2018, 22:49:15 UTC
Bitcoin will be always in the first place. All the other cryptocurrencies are following it. However, if you want to get a fast profit, you'd better pick alts like Cardano and Stellar.
Post
Topic
Board Economics
Re: Beside Cryptocurrenices where would you invest?
by
Birin016
on 03/09/2018, 22:47:16 UTC
Most peoples choosing property as their number one investment. Property value always increasing year by years and its good and stable investment. In several country, property price always rising every years and growing more than 10% per years
Post
Topic
Board Economics
Re: Cryptocurrency or Stock Market?
by
Birin016
on 02/09/2018, 23:14:38 UTC
For me i do prefer crypto currency because it is more profitable compare to stock market. We just need to properly manage our investments because crypto currency is too volatile and we should be ready to face risk.
Post
Topic
Board Economics
Re: Crypto replacing fiat?
by
Birin016
on 02/09/2018, 23:10:43 UTC
Lets say crypto completely and utterly replaced fiat. Fiats don't exist anymore. All governments have seen the advantage of using digital currency and have completely changed their fiat into crypto, like dollar to dollar token(obviously not tether). How viable is this? For example anyone can see how much I am holding using the public ledger and track me down and force me into sending them the cryptos I hold. I wanna discuss in reality if cryptos actually replace fiat how life will be and what are the problems we are gonna face and the immediate effects of it.   

The problem is the safety of our account, i believe when crypto replace fiat it means the value will be more stable and the transaction could be fast as fast using debit card. But the security of our account is so vunerable, or maybe there will be a wallet that cant be hacked.
Post
Topic
Board Economics
Re: Is the government really scary?
by
Birin016
on 02/09/2018, 23:08:53 UTC
That’s not true in most places, and without doubt my country is one of those with bad government. The government are working on their own interests, and they mainly criminals and never do the job they are supposed or serve their country the right way.

That’s why people are being advised to vote, but some of them never listen. We should always vote to take out the bad government and vote in the good ones.
Post
Topic
Board Economics
Re: Investing in Bitcoin? Advantages and Disadvantages
by
Birin016
on 01/09/2018, 14:21:47 UTC
While browsing the net, I have stumbled on an interesting article were all the advantages and risks related to investing in Bitcoin have been laid down. An excellent, and informative read: http://cryptodetail.com/page/risks-of-investing-in-cryptocurrency

For me the advantage of bitcoin is will give you a good profit and we can use bitcoin in many ways like pay our bills using bitcoin wallet without a hassle. The disadvantage of bitcoin is the risk when it comes to investment but it will depends to the people who manage their investment.
Post
Topic
Board Economics
Re: Cryptocurrency is a trending topic all over the world?
by
Birin016
on 01/09/2018, 14:20:30 UTC
Everywhere you can find cryptocurrency topic especially ICO projects are doing well on the marketing through social media like facebook, twitter, reddit, linked, youtube and etc. Celebrities, influential individuals and high ranking government officials are talking about cryptocurrency and that is why i think cryptocurrency is a trending topic all over the world. Do you agree with me? Even haters help cryptocurrency to be known all over the world so let just leave the haters then.

Crypto currency is not only a trending topic but also a hot topic governments and big institutions are debating whether they need to get in to it now or wait for some for regulations to come to get in to it. There are many countries which are reviewing and set a panel to look into the positives and negatives of crypto currency, they are also closely observing other countries economy which accepted crypto currency.
Post
Topic
Board Economics
Re: Why spend time in bitcoins?
by
Birin016
on 01/09/2018, 00:19:14 UTC
Alot of people are saying that crypto currency is a bubble and it will burst anytime soon. To them i say, thanks but i think I'm good. Trading in bitcoin or any crypto currency could earn you money, more than that, it could teach you how to trade. Knowing this kind of information is important especially on this day and age when you can trade online.
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Topic
Board Economics
Re: bitcoin investing
by
Birin016
on 29/08/2018, 23:34:21 UTC
Yes you are right, bitcoin is indeed an investment. Holding your coins and letting bitcoins price goes up is a good tactic. Let bitcoin do its work and earn for more until you have enough and get yourself contented. Selling altcoins and buying bitcoin is a good idea.
Post
Topic
Board Economics
Re: Why do older people like investing in Gold/Silver?
by
Birin016
on 29/08/2018, 23:30:20 UTC
because they think it's safer to invest in gold / silver ...
older people do not advance their minds, investment in the world of crypto is very unfavorable, because the world of crypto is a new investment and is not promising ...
maybe that's why older people do not invest in crypto ...
Post
Topic
Board Economics
Re: Why all people moan about the price of bitcoin?
by
Birin016
on 29/08/2018, 23:26:59 UTC
The forum is full of topics - “When Will Bitcoin Be Back To $...”, “Why BTC is under $...?”, “Final bottom at $...”, “Why BTC is down again?”, “Bitcoin will rise again ?” etc. The last two topics may appear in various forms  a dozen times a day.
I looked at graph price of BTC out of curiosity. I have noted to the price floor:

2015 - $200+
2016 - $300+
2017 - $700+
2018 - $5000+


Do you see something frightening in it?

We all can see that price drops because of actions by a Governments and big whales. Because they have the means and opportunities. They want to break into the our market on advantageous terms for them. Okay, well, I mean, that makes sense. We knew it would happen. But why that have to affect us?

In December 2017, the most people said - "Why I didn't buy BTC for $500… for $1000… f#ck it!.. for $2000...", "I will definitely buy BTC if it costs $7k-6k!..". But now when the price drops so well for us, we see "The demand for BTC is dropping". Seriously?!

So, instead to take advantage of the situation, buy up coins and altcoins, attract new people in crypto world more active than before, a lot of people stuck in indecision and think whether crypto market falls to the bottom and stays there.

Guys, are you serious? Crypto world is made by us. Governments and big whales haven’t any tricks to rule our world. It will happen only if we do nothing.

What do you think about it?


Some people who jump into bitcoin when it's price is $17.000-$20.000 are being suffered. That's why they moan. But they should now that there are many opportunities in this cryptocurrency world, actually they are lucky to found cryptocurrency world. They should invest in great ICO, the price swing of new coin is so extreme. Keep try and they will get their funds back and even more.
Post
Topic
Board Economics
Re: What are the challenges for investment with Small capital?
by
Birin016
on 27/08/2018, 23:43:50 UTC
In the study of economics, Investment mean any addition in physical stock as well as stock of finished goods,  or you can say any putting money in anything for the motive of profit.I want to know your opinion that what are main challenges for small investors in any type of business now a days, If he/she has nothing after his investment?


I think investing with small capital still has a chance to gain profit and it will be a challenge to get bigger profit because we can collect and start investing with small capital then it will be a big amount
Post
Topic
Board Economics
Re: Becoming wealthy and social responsibility
by
Birin016
on 25/08/2018, 23:53:49 UTC
Each person who are into crypto has their own reason for investing on it. Some are here for profit, some are rrally eager to support and develop technology and it's use to improve the quality of services and to provide convenience to others.
Post
Topic
Board Economics
Re: Which one do you prefer?Increase your Bitcoin or ِDollar?
by
Birin016
on 25/08/2018, 23:51:02 UTC
In Trading, there are two categories of people, those who want to increase their bitcoin volume, and those who want to increase their dollar volume. Which one do you prefer?Why?

I would prefer increasing my bitcoin rather than increasing my dollar deposits. Bitcoin is volatile in nature but, would bring bigger returns in the long term. Dollar price is almost stable in value. So not much profit in dollar investment.