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Showing 20 of 135 results by Btcwashu
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Board Altcoin Discussion
Re: How to avoid getting scammed.
by
Btcwashu
on 18/06/2018, 09:51:00 UTC
What a nice topic mate and don't miss to read the replies of the older here who are having the knowledge on how to do trading and how to prevent to get scammed. I'm still a new here too so I really don't miss to read. Many of us here are new so it is a very helpful to others to gain more knowledge on how to trade through this thread.
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Board Altcoin Discussion
Merits 1 from 1 user
Re: Which crypto you prefer me to invest bitcoin or ether?
by
Btcwashu
on 17/06/2018, 22:05:33 UTC
⭐ Merited by 19spawnfeed (1)
If I have enough capital for investment I would choose to invest in bitcoin and ether (70% bitcoin, 30% ether). This two giant coin will definitely increase on this coming September to December. Both coins are good and potentially have a chance to get higher than before.

Of course I prefer to fully invest in bitcoin and with this coin having a great value and you can gain more profit on this coin. Etherium have a great value though bitcoin is greater among all. I would prefer with this because it is proven that most of the people here received the benefits coming from the bitcoin. Being highly volatile of the price of the bitcoin is only his characteristics and it is normal that the price will goes low and up. Be patience if you invest in this coin foryour better future.
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Board Economics
Re: Anybody know what happens when Bitcoin hits 21M circulating supply?
by
Btcwashu
on 17/06/2018, 14:28:14 UTC
When that happens (or when mining a block is almost impossible) the price of bitcoin will spike as the only way to get btc will from person who own some already.Miners will only be able to make money from transaction fees,verifying transactions

The major change will be in the way mining operations get done. The fees might just boom a lot because miners will have only one way of getting paid and that is mining fees. Because bitcoins will be mined fully and thus there will be no block that will be remained to add into the blockchain. However, whiner a transaction will be done then there will be need of miners who will just algorithmically solve the transaction and add the blocks.

On investors perspective, the demand will be very much high as whole bitcoins will be in circulation. The supply will be fulfilled already and only one thing will surge and that is demand thus rising the prices high.

For me if happens bitcoin will hit 21M supply and circulated the demand of the bitcoin in the market getting high and that's the time the value of the bitcoin will going up. We know that 21M supply of the bitcoin will not hit for now but hopefully it will be happen and I see the people here are still waiting for the best value of the bitcoin.

Bitcoin value are very important to us and the best value of the bitcoin are the most we care waiting for. We all know that Bitcoin supply are not totally circulated and I think it will never be happen because of the weak people who are dumping their bitcoin and selling it in a low price through lack of believe in a bitcoin will never be crash. If all people are keep holding their bitcoin and other will buy fully in Bitcoin that's the time the 21M bitcoin supply will hit and the price of the bitcoin will goes to the moon.
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Board Altcoin Discussion
Re: Where do you store your tokens?
by
Btcwashu
on 15/06/2018, 15:16:06 UTC
for the short term I keep it in myetherwallet, I also often keep it in the exchange, but not for long or just for the needs of trading. if to keep in the long term then I like and choose the hardware wallet to keep all the assets I have.

The Trezor wallet is one of the oldest hardware wallets in the cryptosphere and it is no surprise that it supports all ERC20 tokens. Just like Ledger, Trezor too comes with an OLED screen, seed key feature, PIN code protection and passphrase features to secure your ERC20 tokens. Also, Trezor’s development team is very active and respected in the community.
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Board Economics
Re: Bitcoin and Fiat - this is how I see the future
by
Btcwashu
on 14/06/2018, 13:39:28 UTC
When you sell your car to someone, there will be a transfer of ownership to you and this will leave a paper trail for the IRS or whatever tax authority. When they audit you or if someone else report you to the tax authorities, you will have to explain your wealth to them and what you used to pay for that.

Governments and tax authorities have full control, no matter what you think.  Roll Eyes
I agree. Even in the cryptocurrency world, governments still can implement taxes through our local exchanges and that is why we are paying it passively everytime we convert our cryptocurrency funds into fiat money. Being in a cashless society will still be under controlled by governments and we cannot escape or evade tax generally. Bitcoin will be our best investment or other cryptos while fiat will be good for economic stability so I think having both assets will make sense.

The fiat currency system may be seriously tested over the coming decade and ultimately we may need to find an alternative. Cryptocurrencies are all the rage at the moment and are as much about blockchain as anything else, but there could be an increasing desire for alternative mediums of exchange in the years to come. Keep in mind that fiat money is a relatively young innovation and it's only truly been the norm.
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Board Altcoin Discussion
Re: The fall of Ethereum
by
Btcwashu
on 13/06/2018, 12:01:00 UTC
What do you think, what is the reason for the sharp drop in Ethereum?
I think the ethereum follows the friction of BTC getting FUD. not just ETH but many other altcoin that also experienced a drastic reduction in recent days,

The negative issues coming from the social media and FUD are the reason why Etherium is dropping and people who are now panic selling their Etherium because they are afraid the crashes of Etherium. People are the reason why the altcoin are dump in terms of value when people are going to sell their altcoin just like to the Ethereum if people who are holding their Etherium and selling it in a panic way they contribute the rapidly drop of the price.
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Board Economics
Re: bitcoin investing
by
Btcwashu
on 11/06/2018, 01:47:51 UTC
so, what id like to do is invest bitcoins to a stock or mutual fund account, but am not sure the best way to go about it. any tips/advice?

It would be better if you invest in your wallet, holding in the long run and it is safer. Enter the market when bitcoin prices fall low, because it will be more profitable for you when bitcoin increases high.

Its better to buy full bitcoin and hold it for a long time. Holding strategy is big risk but this risk can gives you better future because we all know that the bitcoin price will goes high but no one can predict when it is so that's why we call it long-term investment because we care waiting to the best price of the bitcoin. Your patience and believe in bitcoin are need to do long-term investment to prevent panic selling when times that the bitcoin price will goes low.
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Board Economics
Re: No Time Left, Time To Move Away From The Dollar
by
Btcwashu
on 11/06/2018, 00:30:25 UTC
it seems like this is one bad news that tries to destroy bitcoin prices and it seems this is just a conspiracy only, it is better for the reader not to get too panicked and do not be easily affected.

Hopefully all countries are adopting cryptocurrency especially to the bitcoin as a payment system of the you're purchase so that we totally leaving the dollar as our fiat money for the payment of our all purchases. If some countries are not adopting cryptocurrency as a payment system we cannot totally leave the dollars because those countries are still using the current currencies a fiat money called dollars.
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Board Altcoin Discussion
Re: Why am i here?
by
Btcwashu
on 09/06/2018, 02:22:00 UTC
I am here because I have the same interests, opinions and views with many people on the forum. The biggest purpose for me to join the electronic money is to realize the dream of getting rich. We all want to earn a lot of money for a comfortable life. Bitcoin has facilitated me to make.

Bitcointalk.org is the forum that you can gain knowledge in terms of cryptocurrency and this cryptocurrency can gives you financial freedom through joining bounties and a lot of people here received the benefits in this crypto-world. And my biggest purpose why I am here is i need to support my daily needs and to my family through gadgets and enternet and to be a bounty hunter and joined any kind of bounties and earning money for myself and to my family needs.
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Board Economics
Re: Beside Cryptocurrenices where would you invest?
by
Btcwashu
on 05/06/2018, 12:10:23 UTC
I'd really love to purchase farmlands or house and lot as an investment aside from cryptocurrencies.But this thing needs a lot of money and that is the reason why I'm into this to earn enough to invest on those stuffs.But if I won't be able to do that since I need to be in a higher rank to earn huge profits,my diversion would be to get involve in buy and sell of processed goods like hotdogs,hams,sausages,bacons,chorizo and others since I'm presently working here and this requires only a small amount of capital to start.

I do prefer to invest in Mutual funds, Unit Investment Trust Funds (UITF), and Exchange Traded Funds (ETF) are pooled or collective investment schemes offered by banks and other financial institutions. You benefit from the expertise of fund managers in charge of investing your cash. You need not be concerned with daily fluctuations of asset prices or where to place your money. The investment managers will do that for you.
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Board Economics
Re: How to calculate profit
by
Btcwashu
on 05/06/2018, 10:55:04 UTC
So lets say I put in $100 dollars. I buy while its at a low of $10,400. The price goes up to $10,400 and I sell. Whata my profit?
To determine if you are already earn profit it is better that you know what is your starting value. Like what you said, you buy that coin for just $10,400 so if wanted to know that you already gain you need to sell that coin in much higher value than $10,400 so supposed to be it should be $10,500 and up therefore you can earn to that by $100 and up. It is much better if you patiently wait for the right to sell it when it will be double or triple or maybe much more than that so you can able to gain much higher profit.

If you invest $10,400 and sell it higher than your investment you can gain profit with your investment but if you sell it lower than your investment you gain nothing and losing your investment. It is very simple strategy mate to calculate with your profit. Just look like this output(investment sold) minus input (investment) $11,000 - $10,400 = $600 or 5.8% your profit with your investment.
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Board Economics
Re: What will happen to bitcoin?
by
Btcwashu
on 04/06/2018, 12:06:16 UTC
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.
It's so early to say so. It's just a quarter past the ATH period. People feel so because price is always falling during this quarter. Time is longer when you're impatient. Some people think it will take at least a year for bitcoin to recover its price. So, be patient man.Smiley

I think that bitcoin is currently in the adjustment period where you can observe that the fluctuation is normal this time and by the time there is an increase, it has not yet surpass the $8K mark. However, I believe bitcoin will continue to last for many years and would further increase the price value in the coming years to come. This year could probably a start of a relevant increase in the last quarter of the year just like what happened in the last year where it almost reached at $20K USD mark. So, let us wait for the time being for the expected growth to happen within the coming months.

Nothing will happen to Bitcoin, and will be in the future trading market. After ICO launching in 2008 Bitcoin survive until today, yes, Bitcoin experience ups and down on the price value, it recovered, stabilized, with good fundamentals, with growing investors coming in, and a lot more just waiting for the right timing before they put in their investment, buying and selling on Bitcoin are very much active. It does show that this now the trend on trading market and will be here for the long period of time, it all depends on the volume of investment in the market. Relax and monitor your investment on Bitcoin.
bitcoin with all its condition right now , very attractive fo follow.bigger community involve make this payment technology developt.much people join as investor and trader.it can make bitcoin stay alive in future
besides that more and more require bitcoin as a transaction tool, and now many countries are already aware of the existence of bitcoin, we can see the airport in australia which started receiving bitcoin as a means of payment

You have lost everything if you sell your bitcoin on a lowest price and it's better to hold your bitcoin because being highly volatile of the bitcoin price is one of the characteristics of the bitcoin. It is normal that the price of the bitcoin will goes high and low. Don't loss your hope mate we all know that holding your bitcoin as a long-term investment is highly at the risk but this risk brings you in the better life soon.
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Board Economics
Re: I almost lost my rock solid regular job because of crypto
by
Btcwashu
on 04/06/2018, 01:04:53 UTC
I was already into crypto before even starting my job as an developer too, I knew its necessary to keep balance between work life and crypto but its really difficult esp when you are trying to trade smart but work pressure will always deter you from making good decision, as for now, I moved my focus on long term gains, hodling top 20 coins, got a mining rig and focus some bounties here!

Not only my regular job are being affected when I getting involved this kind source of income and also my time for my family are affected too because when I spend my time fully to cryptocurrency  when I'm at day off of my work and I don't have time for my kids and wife. When times comes my wife are really get mad to me because of spending too much time through cryptocurrency I reallized that I need to made time management to prevent losing my job and family because of cryptocurrency.
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Board Economics
Re: Cryptocurrency wallets: Can they be hacked??
by
Btcwashu
on 03/06/2018, 11:37:54 UTC
I am very interested to know if cryptocurrency wallets like Bitcoin Core, NEON, Electrum can ever be hacked ?

Hackers can only debugged your account and wallets if you important informations are revealed and they take advantage on it to leverage your money. Whatever wallet you have or how strong your security is, if you are not carefull with it then you are prone to being hacked.

Anything can be hacked especially the important details are scammed to someone. We must store our private information at the safely place. We should not trust to anyone because money can tempted to the person to do bad thing that harm to other people and the responsibility of the wallet holder is to keep the private information that he is only one knows where it placed.
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Board Economics
Re: Reason we pay taxes and why we should
by
Btcwashu
on 03/06/2018, 02:03:07 UTC
Taxes helps in :

    Paying the salary of government employees
    Making of roads
    Public schools
    Parks run by the government
    Maintenance fees
    Making government hospitals
    Making high schools ... The list is endless
Those are all the really positive uses for tax money and the ones I can easily support (except perhaps for part of the gov't employee salaries part), but the fact is that in the US they tax the hell out of people.  We pay federal tax, state tax (most states), sales tax, car tax, property tax, and probably other taxes that aren't coming into my addled brain right now, AND a lot of tax money is straight up wasted. 

I think government should be far more frugal than it is with spending taxpayers' money, and I think people should pay less overall.  I'm not into politics by any means, but I think government has gotten too big and costs too much--and they have no problem printing endless dollars, either.  It's crazy.

It is really true that the money coming from the taxes of people can be used as a salary of the government employees and used it as a budget to repair the roads and other buildings that are used for government offices. People must pay taxes as a regulated by the government and people must follow the rules of the government.
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Board Economics
Re: Good news or bad news...
by
Btcwashu
on 02/06/2018, 00:37:12 UTC
There is no bad news or good-news because sometimes what seems good news later turn out to be bad news and what seems bad at the beginning later turned out to be good news .It all depends on the situation and what is happening.
I think there is the element of both good and bad news. The bad news is the implementations of regulations that will constrict people to use the technology. The second thing is that the regulations might lead to tax implementation as well. Giving income tax by using technology will make the market a bit low. The good news is that the country recognized the crypto and now I hope it will lead to a good future.
Yes, i agree it has an advantages and disadvantages. However, this is really good if not abuse. I could say that we should have enough regulations to clear all of this issue.

Its is a good news mate especially the Japanese government are in the positive side of the bitcoin and they really adopting the cryptocurrency and think the Japanese government will generate the regulations to be clear in terms of online transactions and generate the paying taxes in every transactions but it is always good to all the people who are involving to the cryptocurrency.
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Board Economics
Re: What is the most influential factor that triggers bitcoin prices to fall down?
by
Btcwashu
on 01/06/2018, 22:40:19 UTC
In my opinion, the most noticeable effect on the drop in the price of bitcoin is caused by negative news about the crypto currency. Bitcoin reacts very sensitively to such news, because this changes the ratio between demand and supply, and it depends entirely on them. Recently, we could see this clearly when the bitcoin course reacted sharply with its fall to negative news from China, South Korea, India and other countries.

I think with low supply and high demand means price increases, but if supply is more than demand then it triggers the price to fall. And I think the bitcoin value is based on market supply and demand


I believe so, yes. Bitcoin's prices can really be affected by the number of supply and the number of people that wants to use it or hold on to it. But this certainly doesn't mean that the price of it relies on that alone. Clearly, economical issues also affect the prices of not just bitcoins but every coin out there also.

Bitcoin presents a variety of opportunities that did not exist prior to its development.  Yet, it has failed as yet to convert investors concerned about its potential rate of adoption as an alternative currency.  Recent acknowledgement by the IRS that Bitcoin is an asset for tax purposes has clarified the situation for investors, and the promise of frictionless value transfer suggests innovative use cases in foreign direct investment.  In the near term, much of the volatility will be driven by investor perception of the ability of gateways to safeguard individual holdings and provide for a reliable store of value as adoption increases.
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Board Economics
Re: Do you approve this strategy: sell alts buy btc?
by
Btcwashu
on 31/05/2018, 11:28:34 UTC
I approve in that strategy but I think it depends on the people who owns the money. But I prefer to the begginers like me is having bitcoin in wallet as big investments of yours than some altcoins. To make it more easy to make your profit groe bigger than altcoin. Just like what my friends did to their noney more bitcoins than their altcoina that they have in their wallet.

I can't say it's the best strategy or recommended to sell altcoin and buy bitcoin. And I think it's a big risk because we all know that the price of the bitcoin now are still in the downstream. If you see the potential of the bitcoin will goes up in a few weeks well it's time to sell all your altcoin then invest it in the bitcoin.
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Board Altcoin Discussion
Re: what causes the price of altcoin down?
by
Btcwashu
on 29/05/2018, 21:32:31 UTC
It could be a number of things at a time which could have to do with negative news which is making people scared of investing. People dumping coins for their profit, whales manipulating the prices of the coins to keep them down so they can accumulate a large number of coins. it could be anything at this point. It could just be the market being volatile as always

When we talk about the price of altcoin ethier high or low it's all about the supply and demand with that altcoin can affect the price itself. If a lot of people  who are buying that altcoin the demand will goes high and that's the time the price of that altcoin goes high too. But if many people are selling their altcoin the supply of that altcoin goes high so that the price itself will goes low.
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Board Altcoin Discussion
Re: PURPOSE OF TOKEN?
by
Btcwashu
on 28/05/2018, 21:07:50 UTC
this token in the future is expected to be of high value, depending on the success of the application developed by the ICO providers in solving the problem.

The token objective offers functionality over digital money. They can provide value to investors, beyond speculative returns. It can happen in many ways, though usually through repurchase (because dividend payments require regulatory issues). They can be used to hold votes by the community on key business decisions, or even technical changes to the platform.

A token is actually nothing more than a new term to make reference to a unit of value issued by a private entity.   Although tokens bear many similarities with bitcoins they have a value attached to them which is accepted by a community and are blockchain-based, they serve a much broader purpose. Tokens are more than a currency because they can be used in a broader range of applications.