Yes ofcourse since we all know that being hack is one of the category of having losses in cryptocurrency. As long as we can minimize risk then I think it is necessary.
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BoardEconomics
Re: Please, we should not totally eliminate fiat currency
by
Btcepenbob
on 16/09/2018, 20:47:45 UTC
FIAT currency cannot be eliminated so far since it still have many use and digital money had alot things needed for fine tuning.
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BoardSpeculation (Altcoins)
Re: ETH, road down to $50?
by
Btcepenbob
on 12/09/2018, 19:37:58 UTC
Most probably. It is already seen that this trend will surely pull ethereum down up to 50$ Mark and will surely be the records to have a most losses it take for a short week.
Bitcoin at the present time resembles as a bubble.Once it goes up, it immediately pops out. It is normal that the price of bitcoin gets down but it's been a long time since it is on its original value or higher than its real value. Those who invest these past few months are suffering a lot of loaaes and they are losing hope that bitcoin will continue to drastically decrease in value. Do you have guys some advice for me? It will be really appreciated and I will be eternal grateful.
Although bitcoin is bubble but if you release it in the right time then you can surely gain profit from it. In my opinion this is what day trader wants.
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BoardAltcoin Discussion
Re: Do you judge a coin/token/project by their website?
Pretty simple question. At the moment 99.999% of new coins tokens and crypto project all have a telegram group (full spam and bounty hunters) , a twitter account that only posts pre-made bullish news about their own coin, a subreddit with 20 subscribers and 5 bots, a Facebook page full of 3rd world country princes asking for your eth private key. What is left to judge a product? Only their website. But how accurate and trustworthy can a website be? White paper too aren't to be trusted, since 90% of the time they get changed work-in-progress.
What metrics do you use?
For me I look towards that project by their product but I always keep in mind that every ICO will joined in have a good transparency which could be said that you know more exposure about the project.
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BoardEconomics
Re: How the Bank works to make money?
by
Btcepenbob
on 12/09/2018, 01:29:11 UTC
Well it is simple. Banks well offer a loan program that could be payable with interest and the money made from this came from your deposits.
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BoardEconomics
Re: What are your plans for the next 5 years in Finance?
I want to have "Passive Income" I will raise capital to build a business that can provide me with passive income, so in my old age I do not need to work to earn money, how about you? do you have an idea to build a business that can provide passive income with minimal capital?
Well there are alot of business that is really good in providing passive income and one of it is vegetable plantation. This way it could give you minimal income and steady one.
Last year ethereum also experienced a decline as it is now, but to my knowledge does the price not fall as badly as this? how could this happen? what is behind it?
This is already too much for a normal dip. I think this event maybe a sign which is cryptocurrency is having a huge crisis or hurdles that is needed to be overcome.
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BoardEconomics
Re: Why all people moan about the price of bitcoin?
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:
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 havent any tricks to rule our world. It will happen only if we do nothing.
What do you think about it?
Yes indeed mate. It is our initiative to help cryptocurrency rise to its peak again. For us the old investors must have faith and hope that there will be new investors the will be attracted by cryptocurrency.
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BoardEconomics
Re: Why we must study Economics at University?
by
Btcepenbob
on 03/09/2018, 07:21:44 UTC
It is true that many successful entrepreneurs did not study economics at the university but still we could not deny that there are a lot of interesting knowledge that we can not learn outside. It could help a lot.
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BoardEconomics
Re: Which one do you prefer?Increase your Bitcoin or ِDollar?
by
Btcepenbob
on 03/09/2018, 05:59:42 UTC
I prefer to increase bitcoin. The profit that you can get in bitcoin is really preferable . It will affect and soon increase the value of the dollar in the long run.
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BoardEconomics
Re: How to manage the risk in investing cryptocurrency?
by
Btcepenbob
on 03/09/2018, 02:36:07 UTC
Investing is really a risky thing but we can manage it by learning where and when to invest. We need to consider the accuracy of the investment before we give our trust.
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BoardEconomics
Re: Is NOW the best time to buy or enter in bitcoin?
by
Btcepenbob
on 03/09/2018, 02:00:18 UTC
For me, yes. When the price is low, that's the best time to buy and enter bitcoin. You can actually hold your coins and do the selling when the market pumps up again. There is always a good timing for every investment though.
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BoardEconomics
Re: Are fiat currencies necessary in the world?
by
Btcepenbob
on 03/09/2018, 01:43:22 UTC
Yes ofcourse, it is already part of our life. This is the most common form of payment we have made. From the generations in the past it becomes a significant figure of trading.
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BoardEconomics
Re: How did Crypto help you out?
by
Btcepenbob
on 03/09/2018, 01:12:26 UTC
Cryptocurrency help me financially. This time I am relying in cryptocurrency capability. I am hoping that cryptocurrency won't be in the verge of ending and hope it will become our future.
Many people start to invest in Ripple instead of Ethereum. These 2 giants are fighting for the second and third place in the list. What do you think is wise to invest to?
Ripple of Ethereum? Check out the charts in the past and make up your mind:
I think Ethereum will be my bet. Since ethereum has already more than 1/4 of its all time high. If it will recover then I am sure lambo will on hand again.
Many people compare crypto to gold, and I see so many similarities as well.
I believe one day crypto can be less volatile than gold. If more people adopt, and address values to everyday items, trading in a daily basis, (like for grocery shopping) then crypto will be easier to use, safer, fluctuate less in terms of prices, and a lot more stable.
What do you guys think?
I think it is hard to say that. Having the current market as the baseline then I could say that it is impossible for cryptocurrency to have lesser volatility rate compared to gold.
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BoardEconomics
Re: Bitcoin after several years?
by
Btcepenbob
on 01/09/2018, 01:37:13 UTC
Bitcoin in the future will be a currency that is molded through is performance and its capability. Many people is showing that having its capability is its great foundation for the future and its innovation.
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BoardEconomics
Re: What should we focus on more? Demand or Supply?
by
Btcepenbob
on 30/08/2018, 10:22:28 UTC
I think if we are going to make the economic subject as the baseline then I think demand will be the one who could drive the market to have a huge recovery. This movement will be brought by an increasing demand.