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Showing 20 of 24 results by Britegrafter
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Board Economics
Re: panic selling
by
Britegrafter
on 24/11/2017, 12:52:30 UTC
Panic selling is never recommended i would never panic sell because i know i can make a lot of loss if i try and sell in panic when i see the price went down for a couple of minutes and i think i would rather prefer to normal sell than panic sell.
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Board Off-topic
Re: Why people fear about BITCOIN
by
Britegrafter
on 24/11/2017, 12:48:00 UTC
They fear that bitcoin will die one day and they will lose everything because one bitcoin is not cheap and someone who works a lot and does not earn that much and invests everything he has saved into bitcoin it will keep him scared that he can lose it all.
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Board Economics
Re: Is it possible for the bitcoin to lose it's value ?
by
Britegrafter
on 24/11/2017, 12:43:25 UTC
Just happen recently that bitcoin lose its value from more than 7k usd drops to down 6k .but now bitcoin recovers and continues to grow the value to 8k usd.and I know it will continue growing upto 10k usd this year end.but never imagine that bitcoin will totally lose its price permanently because its impossible to happen for sure
Bitcoin can lose its value even down to zero, but all that depends on we the community. I remember when Bitcoin first came out, it started very low and was even sold for $0.6 and 0.7, that was probably when we had no large number of people into bitcoin. But when the number of users started increasing the price went from that rate to $1 going up above that rate and now look at the rate we have now, and it’s not stopping there, it might reach 100k soon.
The price of bitcoin is always and only depending on the demand so if the demand for bitcoin declines a lot then the price of bitcoin will be drag down so hard and it will lead for a huge loss for the price of bitcoin and make it as a worthless cryptocurrency. As of now, bitcoin has a lot of demand so i think, right now, it is not possible for bitcoin to lose it's value.
Yes i agree with you the price also depends on other things not only the demand but the demand is one of the biggest things everyone wants to have a lot of bitcoin that is why the price is going up and up a lot that is why it is going high now.
That is true the price does depend on the demands but there are other things like bitcoin is the first of it kind and it is highly wanted people want it and also it is used by a lot of big companies and i think it will be used by a lot more.
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Board Bitcoin Discussion
Re: So Bitcoin is better than Gold?
by
Britegrafter
on 24/11/2017, 12:37:07 UTC
In my opinion bitcoin is indeed better then gold because gold can be easily stolen from thieves because they are not interested in it but they are interested in gold and not in bitcoin i because it is very hard to actually get someone's private key.
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Board Bitcoin Discussion
Re: In what situation would Bitcoin die?
by
Britegrafter
on 24/11/2017, 12:27:35 UTC
If more country don't accept it. And also the things that could have an destructive effect on Bitcoin could be a collapse of the Internet,  A global Power outage, The sudden disapearance of technologie through a global catastrophy.
In truth my friend, at the start no country have accepted Bitcoin yet but it did not end. So why are you implying that it will end if that would ever happen?

All of that would only happen if a serious phenomenon happened. I want to think sci-fi-ish here so, more like alien invasion, zombie apocalypse, and even war. I think war would be the closest thing for this. If the war resulted a mass destruction to the world, then eventually we will lose this technologies you've just mentioned.
Well I think bitcoin is now stable with high price in market and many countries have accepted bitcoin and some of them make bitcoin legal so I’m sure that end of the year bitcoin will be accepted by more countries so bitcoin also faced a lot of forks in past and now bitcoin now very well how to fight against forks so I believe no one can end bitcoin.
I agree with you but i personally think that bitcoin can only die when it is all mined and when the internet is dead that means no one can actually mine bitcoin and the blockchain will die too because of the fact that it runs on the internet.
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Board Bitcoin Discussion
Re: Indian banks embraces blockchain
by
Britegrafter
on 23/11/2017, 15:16:43 UTC
That is a positive thing for the Indians i wished my country would pull something like this but maybe in the future every bank will embrace blockchain maybe this is just the start of a chain we do not know about and that chain can be a long time.
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Topic
Board Economics
Re: BTC, ETH, LTC dropping November 2017
by
Britegrafter
on 23/11/2017, 15:12:18 UTC
I though they were supposed to drop too but instead of dropping they became worth more and more i did not believe that because i was ready to buy a lot of btc the only time it went down was when it got attacked and bcc went up because of that.
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Board Bitcoin Discussion
Re: Why aren't there more women in Bitcoin?
by
Britegrafter
on 13/11/2017, 11:54:14 UTC
I do not know about that because women do not take interest in these kind of things if i am honest i would also say that this is very boring and women do not have the patience to actually do something like this because they want it fast.

Woman no need of money after her marriage from the source of salary.She will get from her husband .So they will not search the source to get money and they get angry soon.They will not had that much patient to see the fluctuation price of Bitcoin.
Because a lot of woman don't sit all day long behind their pc in their room looking at a screen 24/7 like we men do.
Woman are not like us true believers do you think they really believe that a coin just goes up 7k in a year?
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Board Bitcoin Discussion
Re: How much risk in bitcoin investement ?
by
Britegrafter
on 07/11/2017, 11:09:54 UTC
With investment money in bitcoin is risky, certainly bitcoin we drop by up to 100% because even lost stolen hackers, there is no guarantee bitcoin system of safe from thieves.
Can't your fiat money be stolen ? Or your investments in stocks/bonds are coming with zero risk for your money ? Bitcoin is just another type of investment so it also comes with all usual risks typically an investment will be having.

100% drop is only possible with lost bitcoins, value will never drop that much. But, honestly compared to any other investment types like bank deposits/real estate opportunities, I believe bitcoin investment is good as it is fetching high returns in quick times and hence I am ready to bear the risks it is having.
Bitcoin has a risk but not that high for an investment because the price is getting stable now because the supply is well distributed to the new users who demanded bitcoins from an exchange. Bitcoin is one of the best investment as well as real estate investment because they are both almost safe investment for me.

Do you really believe that real estate is a safe investment? This is not entirely true. Maybe is more resistant in time but real estate follows the development and economic progress of the country which is located. As an example look the prices in UK before and after brexit.
Probably a safe investment in developing countries, Malaysia, Indonesia, some south American countries.
I met a couple once who bought a big house in Cambodia for 20 000 EUR a few years ago, now it is worth 100 000 at least.
But not everyone can invest in real estate, and for now, the profit made with Bitcoin is more interesting and obviously much quicker.
Don't be too greedy with Altcoins though (or pray you get lucky.)  Smiley 
I agree with you but it is safe for me too and we are a developed country since way back i will say it is not risky if you earn them you do not even have to invest anything at all just earn everything and you will make profit.
I guess you mean earning Bitcoin by joining signature campaigns, in that case I agree. You will need time though to earn like 0.1 BTC, then 0.2 BTC but be patient and dedicated, Rome was not built in one day...
I agree with you earning 0.1 BTC a day is almost impossible unless you have been here way too long and know how it all works i have a friend who earns that amount and he is doing this for 3 years so that will take the time.
That is true i do not earn anything at all at the moment but i do think i can earn that after 3 years because my rank would be every high and i would know a lot more about it than you think so i would be able to earn 0.1 BTC a day.
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Topic
Board Economics
Re: If bitcoin price is $10.000, will fiat be worthless?
by
Britegrafter
on 06/11/2017, 10:31:04 UTC
I do not think that this is how it works because bitcoin is an online currency and you cannot compare it to fiat because if that would be the thing than dollars would have been already disappeared or even the euro's.
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Board Bitcoin Discussion
Re: The future of Bitcoin
by
Britegrafter
on 03/11/2017, 10:24:33 UTC
I sense that bitcoin will be a lot more popular and that nearly everyone will know what bitcoin actually is. I think that the price will also go very high like 15k for an example.

If it goes to 15k many people will sell their coins. I will save it i hope.
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Board Economics
Re: The dream of getting rich with bitcoins
by
Britegrafter
on 02/11/2017, 10:50:38 UTC
Yes that dream is true because my friend just got rich from bitcoin he sold everything and now he bought his own house an car and he is living his life at his fullest just because he spended 3 years of his life on bitcoin he has now mine for lifetime.
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Board Economics
Re: Why do people keep saying BTC is dead?!
by
Britegrafter
on 26/10/2017, 10:03:58 UTC
They just want to create fear in the mind of bitcoin holder. So that, they will panic and sell their bitcoin. So they keep on saying bitcoin is dead.
Yeah it is true that want to make the bitcoin price of the bitcoin will get the more price and the income of the bitcoin will be more than this, the bitcoin price is increasing more and more. It is being more and more famous but still some of the people are spreading the bad news about the bitcoin to make the uneasy and the fearful currency for the people who are using the bitcoin for the people.

yes they can influence the people. So they start selling it. It will actually benefit us all. If we invest when the price is low, and sell it when the price is high.

We could actually make a good amount of profit. Thats why bitcoin is best.
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Board Off-topic
Re: Young people should go all in on bitcoin
by
Britegrafter
on 24/10/2017, 14:49:37 UTC
Not all in because they have also a life so they want to buy maybe games with their money. Let them invest a little bit so that they can have more money in the future.

They can than use this money to afford things which they couldn't afford when they were younger.
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Board Altcoin Discussion
Re: Altcoin Security ?
by
Britegrafter
on 23/10/2017, 09:16:22 UTC
Yes they can be easily hacked if you have stored your wallets locally on your device. Store them safely on a online wallet its than harder for hackers actually to steal them.

They will need to hack the site in order to that. I suppose the site has a high security because the owner wants to make also a good amount of money out of it.
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Board Bitcoin Discussion
Re: Should I invest In Bitcoin?
by
Britegrafter
on 13/10/2017, 10:59:55 UTC
Should I Invest In Bitcoin?
Of course, you need to invest, but all the money I would not have invested.
If you decide to do something ,then do it.
Definitely you will get increased .
according to my practical experienced some one should not invest there full money in one place but it need to invest in some different trad so after that if he received feed back then decide which one is more better then increase investment step by step according to his/her choice and it is the best method of trading.

If you decide something you must do it. That is a good idea. You must not think 5 years like Maybe tomorrow. NO. Buy it now because the price is going up.

If you do that you can expect to have a lot of money after a few years.
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Board Bitcoin Discussion
Re: How to get bitcoin every days?
by
Britegrafter
on 12/10/2017, 10:31:44 UTC
i trade mostly to get bitcoin every day. In the beginning i lost a lot of money doing trading, but after a year i could now see how it works. I have now made some profit.

You can also claim by faucets if you are new thats where i began also to get some btc.
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Board Economics
Re: Worst bitcoin decision you've ever made?
by
Britegrafter
on 10/10/2017, 15:09:39 UTC
My worst decision is that i haven't started collecting Bitcoins in 2012 if i did that. I would now have some extra money. In 2012 bitcoin was not so high so if you had bought 10 coins.

You would now have more money. I have now invested in bitcoin hoping that i can help my family with this income.
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Topic
Board Economics
Re: Where did you first heard about Bitcoins?
by
Britegrafter
on 03/10/2017, 09:05:10 UTC
I first heard it in a facebook group. They were discussing about bitcoin. They even posted some links on were to earn bitcoin. Others posted their referral links, later did I know that the links they've posted was just a faucets sites and they can earn small amount of satoshi in their referrals.

Well i heard it from my friend he was earning money from it. So he suggested me to use also Bitcoin. He was using a Blockchain account so I am using that also now.

I have made some bitcoins now from claiming faucets Im currently investing in some altcoins like ltc and dogecoin.
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Board Off-topic
Re: Job Vs Bitcoin
by
Britegrafter
on 03/10/2017, 08:54:15 UTC
For me its both good  from my activity, Bitcoin is my another wellspring of income. if I can earn on my pay and bitcoin perhaps I would spare more for the fate of my family. Preparing my investment funds for their needs.
Bitcoin is for me my great friend. It helps my family as i said.