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Showing 20 of 75 results by Commotheon
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Board Economics
Re: Bitcoin after several years?
by
Commotheon
on 03/11/2018, 07:12:18 UTC
what do you think will happen on bitcoin after several years?
i expect that bitcoin will a more bigger continuities and maybe that we can use bitcoin currency in public like buying in a supermarket cause we alk know that technology in our world was growing in every second that's only what I'm thinking
what about your thoughts?

I think bitcoin after several years will be more successful and less decline in the market. But of course this is just a hope we will see what will be the improvement of bitcoin in the next more years.

Everything will be like you describe. I imagine (dream) that in several years I have many Bitcoins and not only hold them but also use as the currency for the everyday life.
Many government will make policy against bitcoin just because bitcoin replace there country's currency.
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Topic
Board Economics
Re: Is this the correct time to purchase bitcoins and al-crypto?
by
Commotheon
on 01/11/2018, 05:47:26 UTC
Very few of us have seen first rise and nose-dive of bitcoin. Then came the tremendous growth report of bitcoin which forced the world to take bitcoin and alt-coin seriously. This tremendous growth soon started to get correctly. That is from 16000 USD to ~6200 USD correction has happened so far. As as of now the prices have remained stable about 6000 USD.

Do you think this the better time to go for bitcoin purchase spree again? As from the bitcoin price history bitcoin has shown tendency to spike periodically.
Considering the bitcoin  novelty has worn off across the glob, Now there is sufficient awareness about the bitcoin and crypto. what could be the driving factors If yes then what could be the driving factors for the growth? As previous factors may be less significant this time.
Well yes I do believe that it's a good time to invest money in Bitcoin and alternate cryptocurrencies right now as right now the prices of bitcoin and alternate cryptocurrencies is comparatively low because of which it's more profitable to invest money in bitcoin and alternate cryptocurrencies.
There is no good or bad time to enter in crypto world. I have seen people enter in bearish market and still lose and also people entering in bull market make no use of the conditions. The most important thing is how you trade with strategies.
yes you are right, everything we can do if we have the capital and the intention to do something we want. of course, if we want to make a profit we must be smart in finding opportunities and being patient is the key to success of a trade.
Well i suggest you to wait and see how below market can go. I think next year would be good. If you can wait then try your luck on next year.
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Topic
Board Speculation
Re: DO NOT GIVE UP !!
by
Commotheon
on 30/10/2018, 07:34:18 UTC
It is not easy to say do not give up while your capital or whole money is on a cryptocurrency that has been trending downwards for the past 10 months. Yet if the coin is solid and still hope the developers can fulfil their promise on the project then is worth waiting without given up.
In bitcoin the name of the game is wait and patient. Bitcoin is volatile and it can be up at any time so why not wait ?.
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Topic
Board Economics
Re: What are the odds that the government/banks will truly create their own coin?
by
Commotheon
on 30/10/2018, 06:18:23 UTC
We've all seen this phrase before: that the government and/or banks will more likely to create their own cryptocurrency, but what are the odds that they really will? How can we be sure that these two sectors will create their own coins eventually and will it even change the game if they do? If they did, will it not threaten bitcoins and altcoins because the common people who haven't heard of bitcoin before might choose to use these bank/government-created coins instead? Do we really need more coins?
If ever banks and the government will truly create their own coin, I think they will be treated like normal Altcoins and nothing is special about them and the fact that they are not decentralized just like any other cryptocurrency which investors and enthusiasts supported for privacy and security purposes.  I don't even see them as a threat to Bitcoin and one example in this discussion is Ripple and will soon add Petro of Venezuela which is a state owned crypto.
There are already more than 2000 coins available on coin market cap and I think there is no need for another bunch of coins for each country. It  will just not serve the purpose.
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Topic
Board Economics
Re: What are the odds that the government/banks will truly create their own coin?
by
Commotheon
on 27/10/2018, 10:43:38 UTC
We've all seen this phrase before: that the government and/or banks will more likely to create their own cryptocurrency, but what are the odds that they really will? How can we be sure that these two sectors will create their own coins eventually and will it even change the game if they do? If they did, will it not threaten bitcoins and altcoins because the common people who haven't heard of bitcoin before might choose to use these bank/government-created coins instead? Do we really need more coins?
If ever banks and the government will truly create their own coin, I think they will be treated like normal Altcoins and nothing is special about them and the fact that they are not decentralized just like any other cryptocurrency which investors and enthusiasts supported for privacy and security purposes.  I don't even see them as a threat to Bitcoin and one example in this discussion is Ripple and will soon add Petro of Venezuela which is a state owned crypto.
I still do not understand what is the need for another coins, rather each country owns coins, when there is bitcoin which can fulfill the purpose of one world one currency.
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Topic
Board Economics
Re: Tell us about your experience
by
Commotheon
on 27/10/2018, 09:32:57 UTC
Friends  Wink
I want to share your experience with you.
Since the first time I got to know cryptocurrency I initially did not believe that cryptocurrency can help my economy, after I did it in various ways to work, finally now I can meet the economic needs of my family.

On the other hand I also read articles that they can also provide loans to help others.

And in this forum there are also people who provide ways to help their economy.

Quote
It can surely help the world economy in the following ways;
* Increase job opportunities as people can work from home and get paid in BTC which will benefit both the employer and the employee.
* Provide flexibility in online payments.
* Eliminate the need for exchanging fiat money as BTC can be used worldwide.
* Can benefit e-commerce websites in various ways.
These are just a few ways BTC can help to grow the world economy and I am sure there would be plenty much other ways which I can't think of right now.

Now, what about your experience? let's share experiences.
May you also succeed with cryptocurrency  Smiley
In my experience with cryptocurrencies i meet some scammers and learn how to get rid from them. I just love the advantage of bitcoin they recover our money which we lose.
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Topic
Board Economics
Re: Do you have to make big investment before you can make profit in crypto?
by
Commotheon
on 27/10/2018, 06:53:47 UTC
I have seen quite a number of topics here where people have been selling or asking for advice whether to sell their properties to invest them in bitcoin. Am surprised some people forget that crypto investment is not always a win affairs. You either lose or win. You can as well make profit in crypto with small capital if only you have the patience to hold and wait for the time when the market is booming. Do not be a greedy investor. Always invest with an amount you can afford to lose. Have a nice day.
Yes you are right. Large investments in cryptocurrency do not always play a crucial role in making good profits. Sometimes a small investment is enough, however, in that coin or token that will develop and grow in value. It may even be a particularly obscure coin or token. Some tokens have risen in price hundreds of thousands and millions of times.
Yes I agree you can make good money doing not a great investment.For example, I made a list of coins which I want to soon buy.But I would not take risks and invest in incomprehensible (As you put it)coins.The risk is too high.I try to avoid little-known coins.
Because if you once invest your money you won't lose until you sold your all coins.SO if you think you can hold your bitcoin for years then go ahead otherwise don't.
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Topic
Board Economics
Re: Sick and tired of the cryptocurrency bullshit!!!
by
Commotheon
on 27/10/2018, 05:40:57 UTC
You have tired with bitcoin and altcoin price always on drop, but you have keep waiting and looking best time for getting bitcoin and cryptocurrency will be on the top price, everything will be possible at bitcoin and cryptocurrency price.

This will become another "if I would just hold it" moments in Dec.
I think the number of panic sellers are increasing because they're not ready to wait. I know may peoples are disappointing with bitcoins value and its rate. Instead of increasing its decreasing but it doesn't mean bitcoin is destroying.
This is due to a bearish trend for almost the year and those investors that can't wait for the bounce back are now in panic to find any option to sell their coins at cheaper price. If this trend will continue for next year, I don't know if we can't attract new buyers in crypto.

Had this being the other way round like market kept on rising this people would have appreciate it and said all good things. Only thing it is down people are getting negative about it and forgetting that it gonna be volatile. Some time it will fall and other time it will rise.
I think you're one of them who do already panic sell and open this topic to make newbie mind to stay away. Well you do panic you're not aware that its volatile anything can be happen tomorrow.
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Topic
Board Economics
Re: Who controls the market?
by
Commotheon
on 26/10/2018, 10:51:58 UTC
The market is being controlled mainly by,the law of demand and supply and also news relative to cryptocurrency,which migth be for or against the price of bitcoin,the whales in the space also has some level of influence on the market trend.
Just remember bitcoin is volatile and people don't care about it all the want profit if the bitcoin become controllable then we can't make profits.
We're the behind of market and we all are investors. Of course only investor has ability to change bitcoin value.
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Topic
Board Economics
Re: Philippines starting to accept and adopt cryptocurrency.
by
Commotheon
on 26/10/2018, 10:02:09 UTC
Accepting Bitcoin and Cryptocurrency will benefit the Philippines, so I think this is a good option for the country. If you do not take it, then I believe that your country will not be able to keep up with the big countries because they are always in the lead for accepting change.

absolutely right and this is very good news for all of us, so with this news hopefully big countries can accept and adopt bitcoin and other crypto properly. because with so many countries receiving crypto like bitcoin it can be a good way for bitcoin to develop in all countries in the world well
At last a good news appeared and i am so glad. People keep beveling in false news but they're not aware that some good news are also appearing.
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Topic
Board Economics
Re: Are fiat currencies necessary in the world?
by
Commotheon
on 26/10/2018, 07:58:04 UTC
Currencies of individual states will exist until the need for them disappears. And this will be decided in all cases by the representative bodies of these states. The need for national money may disappear when uniting the economic and financial systems of different countries as it was done in the European Union. In all other cases, the currency of individual states will exist as long as the state exists.
Fiat is to much necessary for country's economy but people aren't understanding it they're keep using bitcoin and cryptocurrencies.
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Topic
Board Economics
Re: How can we get people to use bitcoin as a currency?
by
Commotheon
on 26/10/2018, 07:21:16 UTC
Bitcoin BTC can be a currency only if its price is stable.
and that won't happen. bitcoin is a decentralized currency in which no one controls it in the market and everyone who is called an investor makes the pump or dump itself. the situation will continue with efforts to make profit, and bitcoin will not be stable.
It is not right, I don’t believe that. Bitcoin price can be controlled although it is decentralized. This is a business and till date government has nothing to do with bitcoin but in the future when they realize that bitcoin is the only choice for the people all over the world they will definitely allow bitcoin and thus bitcoin will become the global currency. Price has nothing to do with this.
Also there should be another possible if the cryptocurrency become stable maybe its impossible because its volatile but there's only 2 chances.
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Topic
Board Economics
Re: current situation of cryptocurrency for 2018
by
Commotheon
on 26/10/2018, 06:46:50 UTC
Its hard expecting fast rising in 2018 except there is really good news in market. But i am believe cryptocurrency is good long term investment and i am believe its profitable investment. I am expecting 2019 will be good year for crypto market
2018 might not good for bitcoins and cryptocurrencies so we should wait for next years. Bitcoin is volatile so it can be up next year.If bitcoin still not increase in 2019 it would mean that bitcoin is dead.
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Topic
Board Speculation
Re: Bitcoin Prediction 2020 - 2021
by
Commotheon
on 26/10/2018, 05:56:04 UTC
In my opinion i think bitcoin will start growing next year. In 2020 i think bitcoin price will be over 10000$ and will not drop so much from that value, and in 2021 i think will have value over 20000$. This is just my opinion so not take this as 100% fixed prediction. All we can do is wait and see how is going and get more bitcoin and hold.
Its volatile currency so it take times maybe years to recover its price. Also no one can give right prediction of bitcoins no one know what will happen Like stock market its bitcoin's nature it have to decrease in order to increase.
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Topic
Board Economics
Re: it is possible fiat currency will crashed?
by
Commotheon
on 25/10/2018, 10:08:56 UTC
While you can buy food with fiat and while you can buy nothing with crypto, fiat always will be the winner

When crypto will be over full bank control, crypto willbe new fiat, easy plan  Cheesy
It can be creased only if cryptocurrency got replaced and i don't think any government take such chance because all the cryptocurrencies are dangerous to use.
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Topic
Board Economics
Re: Is It Possible that The Moslem Countries Can Accept The CryptoCurrencies System?
by
Commotheon
on 25/10/2018, 06:15:23 UTC
I know for a fact that some of my friends who actually lives in those countries that they own crypto currency one way or another. I think there ia a link to the comments here that some countries have accepted crypto currency in their respective countries. But I'm surprised that there is a question such as this. I mean is crypto currency against the teachings of Islam?
Islamic religion has never in any way kicked against the idea of blockchain technology as well as cryptocurrency and indeed the countries within this perspective, are really embracing it pretty fast I must say. I really have not heard of single teachings of Islam that goes against cryptocurrency and if it is that, then, we would not have seen some of the Arabian countries, embracing the technology and seeing it as a welcome development in the long run.
First of all its Muslims not moslim. About accepting well its not matter the race of religions. Bitcoin is for everyone and anyone can use it even a 5 year old kid can manage its coins.
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Topic
Board Economics
Re: Where should we focus this year?
by
Commotheon
on 24/10/2018, 11:53:10 UTC
there are lots of new traders who don't know anything about blokcchain with the whole making them always think like that, they hope by entering blockchain can change anything and can get a lot of profit, but I'm sure that person doesn't understand what blockchain really is, because there on their mind is just how to benefit from blockchain.
I think it mean people know how blockchain work and helps you to give highly security all people are doing just storing there coins in block chain if you someone ask you about blockchain and the true of it then know one will be able to give true answer.
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Topic
Board Economics
Re: Will Africa be a good place for crypto?
by
Commotheon
on 23/10/2018, 10:31:03 UTC
The success of digital wallets in the African continent was really great and based on what I've read on news articles about it, it really helped the economy and the businesses when it all started years ago.
With this in mind, will Africans be welcoming of bitcoin/altcoin as a real currency and not just a quick way to earn cash or invest? Like using it as real money / cash?

It will be a difficult thing to answer today,  because the African continent do not have a good economy. Majority of the people there are poor. So that it is better if they have the goal of earning money first. Then they can invest in bitcoin and with this we can say that this is the perfect time for the bitcoin to become the currency.
They will use bitcoin as their country progresses, we know that a poor economy makes its human resources limited, like the internet,
gadgets and so on, most Africans may not have that? so it takes a very long process for this..

Maybe not directly has something to do with bitcoin.
I read that Africa, despite it's poor country, they built a lot of blockchain that's now being use and will be sustainable in the future.
I would not be surprise if soon they'll have their own currency.
India isn't much rich country as compare to Africa but there users are too many and i think India can best manage it .
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Topic
Board Economics
Re: Sick and tired of the cryptocurrency bullshit!!!
by
Commotheon
on 22/10/2018, 12:14:31 UTC
Warning! Ranting ahead!

I am getting really pissed at the state of the markets. Despite positive news, the market is still pissing blood. Why?

Tons of videos on YouTube over and over again and again, hyping the crap out of this or that coin, anticipating something. But what for. The prices are not moving up when they should be.

What is the point of being excited when market is being manipulated by the most despicable creatures on the planet who see themselves above everyone else.

From my point of view it looks like TPTB saw people getting rich and becoming independent and they couldn't allow so many wealthy individuals in society so they came up with a plan to end this.

If you look at prices you can see how prices hardly change anymore. Heck most of the time Bitcoin prices remain at 0.00! in the hour! Why because they probably set up their bots to pump and dump their coins based on market movement to keep the price the same to prevent people from making money. This isn't so impossible to be true you know.

Just set up some bots and millions worth of money and when ever market provides a hint of an improvement dump it, and when even it going bad pump it. Keeping the prices relatively stable.

I mean why on Earth would anybody in their right mind sell, or setup their bots to sell when positive news is everywhere. It just doesn't make sense. It just an evil behavior that is all.

Perhaps this is already the cycle ecosystem of this business industry, were the market was manipulated by the whale investors. And we as an ordinary traders won't do anything about it to make our way to get profit thru doing trade in the market, where most often the players in every exchange are still come what may accepting the fact. But of course we shouldn't be stop why we are here.
People are now days against bitcoins. Just because bitcoin price is falling and not giving profit to them. They should wait and give some times to cryptocurrencies because not only bitcoin but all cryptocurrencies are falling down.
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Topic
Board Economics
Re: My Advice on Investing in Crypto
by
Commotheon
on 22/10/2018, 09:40:16 UTC
Understanding of investment is the main step to get results from investment, crypto has an unstable value so that its value can grow high and can also fall low. With that understanding we will not be easy to panic with the market downturn, stay afloat and wait for the market to recover, because the crypto market will allow it to grow again.
You're right People invest there money even they're aware that itsto much risky. There's hug chances of losing your money. Bitcoin and cryptocurrencies are same like Stock market but better than it since cryptocurrency is highly volatile.