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Showing 20 of 227 results by Clover_Faith
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Topic
Board Speculation
Re: SELL EVERYTHING!!!!!
by
Clover_Faith
on 22/07/2018, 09:43:16 UTC
I followed your advice. I sold everything. I sold my house, my car and even my underwear. Now I'm naked in the street, writing from a stranger's phone. What do I do now?

Actually you dont have to sell everything even you are not sure that your investment is become successful. Sometimes some of the investment is not growing up and get profit.
Post
Topic
Board Economics
Re: Is cryptocurrency help to expand the world business?
by
Clover_Faith
on 14/07/2018, 03:47:35 UTC
Now a days business and product is for all. Every country exchange their core product with other countries to meet theit demand. What you think Is cryptocurrency help to expand the world business?

Yes of course bitcoin help to expand business in other country through joining bitcoin we are creating business by selling and buying bitcoin like other do. Investing is a business also that can create a huge.money in return.
Post
Topic
Board Economics
Re: Does money make you rich?
by
Clover_Faith
on 14/07/2018, 00:02:05 UTC
To me the answer is No. Money alone doesn't make an individual rich. A lot of people go to work everyday, working for money and making more money, but fail to become richer. Ironically, many only grow deeper in debt.we have all heard stories of lottery winners who are instantly poor again. Also there are cases of real estate going into foreclosure instead of making homeowners richer. We all know of persons who have lost money investing in the stock market. Maybe you are one of those individuals who have lost money investing on cryptocurrency,Bitcoin to be precise. Even investing in gold(real money) can cost the investor money

For all intents and purposes, it is not business, estates, stocks, bitcoin (crypto currency) or money that makes a person rich. It is information, wisdom, knowledge that makes one wealthy.


For me its not because it you have money but not enough to say you are rich then you are not. But some of people said they are not rich eventhough they have alot of money. It is depend for the people beliefs.
Post
Topic
Board Economics
Re: One of the biggest challenges that we will encounter in Bitcoin
by
Clover_Faith
on 11/07/2018, 12:18:06 UTC
One of the biggest challenges that we will encounter in Bitcoin is the Scalability problem which means there is only limited amount of information that can be contained or its capacity. I'm sure that there will be more people who will going to join the campaign which will result to a possible delay during processing or trading. So how can we provide a solution on this or how to ensure that all the trading done were saved once delayed before bitcoin achieves mainstream adoption?

For me the challenges the i encounter is lack of knowledge in trading bitcoin so that i dont know how to trade my token because im scared to lost it. Next is waiting so long to give my token in some signature campaign. And last is losing my token in my ether wallet.
Post
Topic
Board Economics
Re: Is Bitcoin a Bubble?
by
Clover_Faith
on 11/07/2018, 11:24:09 UTC
Wall street grows ever more certain Bitcoin is a bubble. I can't even say they're wrong. Flirting with $6000 per coin and low economic utility? For as dumb as Jamie Dimon sounds every time he says anything about Bitcoin, the tulip bubble analogy looks less and less inappropriate all the time.

Quote
In a note to clients published on Thursday, analysts at UBS took a long look at Bitcoin, cryptocurrencies, and the blockchain technology that underwrites this whole enterprise.

Looking only at pricing, UBS said that, “a twenty-fold increase in bitcoin prices in just two years, and an absence of any fundamental economic backing, cryptocurrency prices are almost certainly a bubble.”

Blockchain utility doesn't make crypto not a bubble. That'll be important to remember for people buying now expecting to make big gains at this cost basis, and there's real risk there.

Yes of course bitcoin bubble in a right time. As of now bitcoin give us a chance to buy bitcoin with a cheap price that we can afford it. So we dont have to worry about bitcoin price for now.
Post
Topic
Board Economics
Re: Bitcoin holders will have to pay their tax?
by
Clover_Faith
on 10/07/2018, 12:30:04 UTC
What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.

I follow to the government want because i believe paying taxes can help other people and to improve our country's community. Also long as i earn i pay taxes but if not i wont Pay taxes.
Post
Topic
Board Economics
Re: Cryptocurrency wallets: Can they be hacked??
by
Clover_Faith
on 10/07/2018, 11:28:41 UTC
I am very interested to know if cryptocurrency wallets like Bitcoin Core, NEON, Electrum can ever be hacked ?

It can be because i already experience that we i open my etherwallet my token are all gone. And i dont know who toke that my token. So that i change my ether wallet. Some my friend also experience that case.
Post
Topic
Board Economics
Re: Investment in Bitcoin vs Investment in Education?
by
Clover_Faith
on 10/07/2018, 10:24:34 UTC
My understanding is that bitcoin is considered a risky venture, and investment education can add value to your life, which is the two different concept. A young person should put the investment of education in the first place when he is young.

Yes you are right, both of them are important in every people. Because we can invest to bitcoin if we dont have a knowledge to be use for investing. So that before enter in investing we should we think wise to avoid in scam. Read and read to get knowledge.
Post
Topic
Board Speculation
Re: $11k - when do you sell
by
Clover_Faith
on 10/07/2018, 10:02:40 UTC
Hey guys,

lets make it short:
1) yes bitcoin is the future and the price will increase on the long run, but:
2) we are currently obv. bubbling (what is not happening the first time).

So my question is - do you sell now in order to get a cheaper entry soon?

I think you guys agree that there has to be a price correction in the nearer future...

Thanks for your input!

I think you should wait a little longer just hold on because i believe that waiting is worth it and fruitful. Soon, bitcoin price become bubble again.
Post
Topic
Board Economics
Re: Bitcoin and retirement - how do you see your future?
by
Clover_Faith
on 09/07/2018, 10:36:10 UTC
I came across a very nice experiment of one of my compatriots. He started to put up around $ 50 a month for pension. I will add that pensions in my country are low.

Description of the experiment:

"What is going on?
One of my many areas of interest are cryptocurrencies. There is a good chance that you have heard about bitcoin. A smaller chance that you know litecoin or dogecoin. If you want to know the technical side or economic cryptocurrency - use google. For the needs of my retirement, it is enough to know that cryptocurrencies act as cash in a modern version. They have their value (they are listed on the stock exchanges, they have their course), they can be safely stored, they can be sent immediately to any distance, practically free of charge and - with a little effort - they are anonymous. And they are today at the initial stage of development. Everyone who touches them is still an early employer, and this means that - with a high probability - a long-term investment in cryptocurrencies will be very profitable. I chose 4 cryptocurrencies for my retirement basket and gave them percentages indicating their presence in the basket. When making my choice, I based my own - already several years - experience in the cryptocurrency industry, the capitalization value of a given cryptocurrency (market cap) and the features that distinguish it from other coins on the market. And so I chose:


How much do I put aside? I did not want to set any fixed amount. Because you know - inflation, fluctuations in financial markets, etc. ... So I decided that the value of a monthly investment will depend on the minimum wage in Poland. In 2017, it is an amount of $ 540. And every month I invest 10% of this amount, that is 50 $. "

He has currently invested $ 1,600, and the rate of return since early 2017 is 1,600% = $ 27k.
It's a great idea, right?



I see my future in bitcoin by retirement and give my account to my children so that they can continue using it. And maybe i can give it to others that they use to change their life also.
Post
Topic
Board Economics
Re: Charity Accepting Bitcoins?
by
Clover_Faith
on 07/07/2018, 01:59:20 UTC
If there is a charity accepting bitcoins do you prefer to give some of yours Huh

Me: I will if there is, but for now I don't have yet. Wink

EDITED:

Yeah it a hassle for now.

Another question: But what if there is fiat will be disappear in the future and crypto will conquered the world and all payment transactions will be on blockchain system?
So is this applicable right?


Am not so sure if so charity accepting bitcoin but if they accept bitcoin bitcoin it is a good sign that bitcoin spread over the country. We can also easy to donate of them.
 
Post
Topic
Board Economics
Re: How bitcoin can help for working abroad specially OFW
by
Clover_Faith
on 04/07/2018, 14:34:12 UTC
Bitcoin/Coins.ph are so many way to make our life easier specially for OFW.
*They can use it to remit a money for their family in Philippines in a very convenient.
*Bitcoin is also way to earn extra money by using earning some satoshi or faucet.
 Please share more on how bitcoin can help.

Actaully using bitcoin or earning through bitcoin is a big help to every people. By joining in different campaign can earn a huge amount of fiat that can sustain everyone's need.
Post
Topic
Board Economics
Re: Does bitcoin have a bad effect on economic impact and those who do not know it y
by
Clover_Faith
on 04/07/2018, 11:51:59 UTC
Bitcoin is rising worldwide.
Is there a possibility to change the economy of each country?
because as far as I know bitcoin is also about money.
And bitcoin is can be used for paying bills, paying tuition fees and even shopping and more.
I just asked.
it has a bad effect on economy and normal people who have not yet known what bitcoin is?

Bitcoin is the future world currency. Bitcoin helps to reduce the unemployment people to drive them to use bitcoin. It helps alot for the people who use it. But some of the people judging about the negative thoughts so that not all people believe bitcoin. But we dont care about that as long as we earn.
Post
Topic
Board Economics
Re: The HODL strategy is not actual
by
Clover_Faith
on 04/07/2018, 01:50:41 UTC
This morning I saw an article where a guy made a simple calculation through Google trends about HODL strategy, and it showed that call to HODL used less and less from February of 2018. Popularity of word Bitcoin and crypto currency is also falling down.
Why it is so? Do not people believe in Bitcoin and it's bright future anymore?
No matter on such tend I am going to HODL my founds till bitcoin will not come back to 20k$ Grin

Actaully yes bitcoin cant hold for too long because sometimes we need money for some emergency that were not expected. That strategy can do but depend on the people.
Post
Topic
Board Economics
Re: why do people agree to pay taxes?
by
Clover_Faith
on 03/07/2018, 04:03:14 UTC
why is it ok for a group of people calling themselves the government to force everyone to buy their services?
if enough armed people refused to pay and told the government to go fuck itself there is nothing they could do.

Actually its normal to pay taxes so that the government have a funds to their project. Actually its helps also to other people who dont have a work. Taxes helps other people to make their own resources.
Post
Topic
Board Economics
Re: regulation and legalization of cryptocurrency
by
Clover_Faith
on 03/07/2018, 01:48:50 UTC
There 7 cryptocurrency that are legal in thailand , its Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Ripple, Litecoin, and Stellar. They also regulate the ICO. Now ICO can't be traded with fiat anymore and there is a fee for license.

http://www.livebitcoinnews.com/thai-sec-confirms-ico-tokens-will-not-be-traded-against-fiat-currencies/

What do you think about this regulations? I think its fair enough and i do think in few months 7 of this coin value could be increasing if more country has the similar regulations such as thailand.





Having Regulation is good to perform so that we can manage the currency that we have and make it legalise. By creating a regulation we protect our bitcoin and also the investor for the scam.
Post
Topic
Board Economics
Re: Is NOW the best time to buy or enter in bitcoin?
by
Clover_Faith
on 29/06/2018, 17:21:54 UTC
Bitcoin prices plunged from $4900 to $3300 withing pan of few days. Now some news-points from bitcoin world are claiming this price plunge was planned. Check following links:

https://news.bitcoin.com/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/
http://btc-flow.in/2017/09/16/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/
http://btc-flow.in/2017/09/16/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/

Now without going into whether above claims are true or not, my concern is "Isn't this is the right time to enter the bitcoin market or purchase few more". There is definite signs of improvement in the bitcoin price market. Current price is around $3757. It is quite possible to see bitcoin back to 4k to 5k or more. Given biggest players from finance sector are eying this lucrative market.
What do you think, is this is right time to buy some more bitcoins or wait and watch?


In terms of price of bitcoin for now is so low. i think this is the right time to Buy bitcoin because this our chance to get more bitcoin so that in the near future and the bitcoin price rise again  we can get a profit buy hold our bitcoin.
Post
Topic
Board Economics
Re: Why we must study Economics at University?
by
Clover_Faith
on 29/06/2018, 02:02:45 UTC
Most probably in this section are users that are interested mostly in Economics, so I want to know why Economics attracts you?


We study economics to know what happen in our country and to know how to manage things like business, money and so on tHat involve in economy.
Post
Topic
Board Economics
Re: Bitcoin contribution to World' income
by
Clover_Faith
on 28/06/2018, 22:33:50 UTC
Today i was just thinking about Bitcoin and its total contribution in world's economy. Let's calculate it.
Assume Bitcoin price - 8,925 USD
According to coinDesk Supply of total bitcoin yet = 16,937,088
Total value of bitcoin till now approx -$0.152 Trillion
According BBC news in 2017, Total world income is 70 Trillions
Total bitcoin contribution to world income 0.217%
Here i am just talked about One crypto asset Bitcoin but can you imagine others coin ETH, LTC, DASH etc.

Share your view on it.
and i am also thinking what will happen to its value if everybody finally knows it, maybe the money will change

As i can see bitcoin has a big contribution in our income because of using this we can earn bitcoin that we can use as money. Using bitcoin we are earning other currency.
Post
Topic
Board Economics
Re: How will crypto go long term?
by
Clover_Faith
on 27/06/2018, 13:32:29 UTC
I am fairly new to the crypto world. During my short time, I have contemplated how crypto will go down over the next few years.

Slowly, over time more regulations will be adopted worldwide. This is not because regulators are scared that people are getting scammed, but because they will start limiting this world from us small fish so the banks and "qualified" investors can tke over. All the large banks will then push their own crypto, and we will be left with nothing.

In my opinion, it is in our best interest to gain enough profit so we will have the funds to become qualified investors, and be able to re-enter the markets through the banks exchanges.

What does everyone else think? Do you think the big fish will continue allowing us to do trading long term, or are our days numbered?

As long as more bitcoin user believe it will go so long that can help more people. But it hard to the beginner to make their own income because their are starting to make their own profit.