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Showing 20 of 453 results by CowboyKiller
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Topic
Board Economics
Re: You should never trust banks
by
CowboyKiller
on 27/02/2018, 23:21:53 UTC
My bank closed my account last year for no reason, and all money in my account was gone. I argued with the bank, even contacted the local government, no use. My bank just stated that "Pursuant to the CMA Disclosure and Agreement, 'THE BANK, at its discretion, may elect not to accept an account, terminate the account agreement and the account agreements of any related parties'. Both parties to the agreements have the right to end the relationship at any time and neither is obliged to provide a basis for such a decision to terminate". No single word explaing the termination was given to me. I contacted all banking lawyers online, and they were all representing the bank, not the customers. The money I lost can buy a new Mercedes. However, banks around the world now are too powerful. They are too big to fail. When you open an account in the United States, and probably also many other countries, you voluntarily give up the rights to sue the bank under their arbitrage clause. Even worse, they define the financial laws and enforce them. They can close your account, freeze and steal your property and evict you from your house. The more money you deposit into your bank account, the more you are helping the evil. I'm glad to see Bitcoin is changing all of these. Let banks die!

There maybe something wrong that you did or you violated something on their policy that is why they closed your accounts. Not all banks are evil and doing that, most of the banks are also good and faithful. Banks are necessary in our country because they regulate the flow of money and responsible for balance and checking.
The banking system managed by the government, if the banks closed your account without any worthy reason, you can file a lawsuit against them and demand fair compensation for your property. You are not a child, you can use your proof to prove their decision are wrong! Roll Eyes
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Topic
Board Bitcoin Discussion
Re: So Bitcoin is better than Gold?
by
CowboyKiller
on 27/02/2018, 23:06:16 UTC
So Bitcoin is better than Gold? Roll Eyes
Yes bitcoin is better than gold because the value of bitcoin is continues increasing and very popular in the world and become grow while the gold for this all years are not popular to people and not give high income to people.
You are really so funny!! Cheesy Do you want to get profit from Gold? Gold is an asset for saving, except you are a trader trading Gold on Financial market, if you just buy it and hold it like many people bought for the future, you just keep your money have a fixed value for a long time instead of FIAT.
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Board Altcoin Discussion
Re: *** Get Rich Fast! ***
by
CowboyKiller
on 27/02/2018, 22:58:42 UTC
Yes trading is like a double-edged sword.

Here is a thread I started to provide some trading tips https://bitcointalk.org/index.php?topic=2154746.0
is it easy to trade for newbies? Because i never try to trade my coins so please teach me and send me tips so that i can trade by myself
If you want to become a trader, you should try to learning about the trading skills from Forex. Honestly, the cryptocurrency market does not have any knowledge like trading skills. Only experience you can get from this market. About the knowledge and trading skills, you just can learn from Forex and you can search it easy through Google.
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Topic
Board Economics
Re: Bitcoin in Economics class?
by
CowboyKiller
on 27/02/2018, 22:51:56 UTC
yes . bitcoin is already on our class. which
the issue about is it Legal or Illegal.


Really? It's hard to discuss something that is quite complicated to understand. And also, is it okay to discuss bitcoin that is not legal to your country? If bitcoin is being discussed to your class, well that's good to hear. At least there will be more people who will know about cryptos.
I never came across any form of cryptocurrency in school. But, I don’t think bitcoin and other cryptocurrencies are something that has to be taught in school.  It’s  a thing of choice and should be studied outside of school,  maybe from an online course or something (anywhere you can learn it) it’s meant to be studied by investors and business men and not by students that has got something more important to learn than cryptocurrencies.
Because you do not know what is the best thing in the cryptocurrency world? What do you think about this? Is the price of Bitcoin and cryptocurrency?  No no no, never! The government do not care this value, because the rich can manage it easy. But blockchain, the technology behind this large world is the technology made the government re-think and consider to using it or not until today.
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Topic
Board Altcoin Discussion
Re: If Bitcoin dies does altcoin die?
by
CowboyKiller
on 27/02/2018, 22:44:46 UTC
Bitcoin is a very popular crypto coin today, we know that Bitcoin will be very expensive in the future but I imagine if Bitcoin die, whether there will be hope for the future of altcoin? because most altcoin exchanges are to bitcoins
your opinion is highly appreciated. Smiley

The reason why altcoins are created is to compete with bitcoins and because of that, there's a huge chain reaction that happened in the market, the competition become even tighter and the good outcome is that, bitcoins value is increasing further more so expect the bright future for cryptocurrency in the market and invest today.
Honestly, at current, Altcoin is just a factor to increases the price of Bitcoin. Do you know any altcoin can against the bearish of Bitcoin in past weeks? The value of Bitcoin dumped to $6,000 also made a lot of altcoins dumped 30-50% within one day, example NEO from $120 dumped to $60 and bounce to old price just within 48 hours.
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Topic
Board Altcoin Discussion
Re: Ethereum will overtake Bitcoin
by
CowboyKiller
on 26/02/2018, 23:21:48 UTC
2018 will be a decisive year for both projects.

BTC will have to prove it can sustain the position as flagship of the crypto world but ETH also has prove itself as the best altcoin around.

Last year was remarkable in sense that all mainstream media gave crypto big headlines during the BTC pump.

Let's hope this year will follow the same path and both BTC and ETH will thrive in an healthy competition.
I think Ethereum has a new competitor to compete the best altcoin on cryptocurrency world. Ripple was used in many applications and it also proved it is stronger than other cryptocurrencies and not worse than Ethereum recently. What do you think about Ripple? I think it is also one of potential projects can grow more in the future.
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Board Trading Discussion
Re: Practice trading
by
CowboyKiller
on 26/02/2018, 23:13:28 UTC
For me, a newbie should start trading by studying, observing and looking for every possible outcomes. By doing so, a newbie will be able to learn first the cycle on how it will work and also, will learn on what to do.
Start with the theory then learn by practicing it with the actual amount.
As a newbie, you do not need to be aggressive, you have all the time to develop yourself so you have to start with a small amount of money
and when you learn enough that you consider yourself good already, that is the time to start risking a big amount.

Practice makes man perfect. 1st learn the basic needs in trading later invest a small amount and start trading. studying more about trading will not teach you how to trade. real experience will teach you what all issues you will face in trading. you are right after getting confidence in you then you can try to invest more amount and more profit.
But, you need to own enough knowledge and trading skills before start to trading, some orders with small profit will make you be complacent, then you put huge money to trading and lose that amount because you do not know small profit made you forget you are just a newbie on this market.
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Topic
Board Trading Discussion
Re: did you place all your funds into bitcoin?
by
CowboyKiller
on 26/02/2018, 22:56:50 UTC
Risk is inherent to investment. Investing in bitcoin is highly speculative and the market is largely unregulated. And it is notoriously volatile but there is one strategy that you can use to manage the inevitable price fluctuations. Diversify your portfolio. You should not concentrate all your efforts and resources in one coin as you could lose everything. Consider some altcoins. Although you need to research the business model in detail for any coin or token you are considering and then carry out due diligence.
Actually Bitcoin does not create money to help us earning, it just helps us transfer money between traders, between noob trader and pro trader. Beside that, Bitcoin has more high risk, it can gives us more huge profits. As long as you can take advantage the opportunity of Bitcoin gives you, you will become the rich easier than any field.
Post
Topic
Board Economics
Re: could bitcoin be replaced by another crypto currency?
by
CowboyKiller
on 26/02/2018, 22:23:44 UTC
Probably Bitcoin will be replaced in the future. However, because it has become a great herald for the virtual currency system, it is difficult to replace it soon enough. Besides, it almost dominates the currency market so changing it takes a long process. However I still expect a revolution to change it though knowing it will make the market confused.

Well, I don't think bitcoin will replace by other crypto. As we all know bitcoin is the dominant crypto currency which almost all altcoins rely on its value. Though, there are times bitcoin will down but after a couple of days or even weeks it will recover. Soon, in the future those who hold their shares of bitcoin for a long time definitely can have a good amount of profit.
Look at the current price of Bitcoin and the highest price of Bitcoin in 2013, you do not understand the value and the reason to make the Bitcoin price decrease or increase. You just think it is simply down for correction and will up again, this is the reason made a lot of newbie lost money in this market. Let's to check both chart price as I said, you will understand.
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Topic
Board Economics
Re: Holdings of gold vs Holdings of btc
by
CowboyKiller
on 26/02/2018, 18:19:33 UTC
I think holding of gold is better because it has physical appearance and can be used as luxurious accessory to the body and gold now is near to being rare. Unlike BTC it has to physical appearance and only can be seen in Internet which is only useful for business and gaining profit no more else. Holding gold is better for it gains value and can be used as a beautiful accessory.
Why do you not say about virtual gold, currency for forex, stock, gold market? You can not bring Gold to trading on worldwide because it needs you spend many money to transfer global. But while you use money to deposit in a trusted market and this market gives you virtual gold, this gold also has same value with real Gold, you can use that Gold to buy/sell anywhere, it is very comfortable. Finally, trading gold or Bitcoin on worldwide all depend on internet Cheesy.
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Topic
Board Economics
Re: Is trading just educated guessing?
by
CowboyKiller
on 26/02/2018, 18:01:56 UTC
Can you really be sure you will profit unless you have insider info?

Actually trading to me is a part of educating or training yourself of how to become a entrepreneurs,by doing trading you enhances yourself  and broaded your mind about the stock exchange in the world of digital currency.trading is not guessing thats why theres a basic tutorial,and supported a small knowledge of ideas so that we can choose a right  coins and gain a good profit.
Yeah, while you are trading, you are also learning more knowledge and get more experiences to become the professional trader. No professional trader has good profit did not lose in trading or never trade in the past. The theory is useless in this field if you do not use it to practice.
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Topic
Board Bitcoin Discussion
Re: Is bitcoin is the new era of currency?
by
CowboyKiller
on 26/02/2018, 17:36:58 UTC
Since bitcoin is trending now world wide because you can easily earn this and it exchange in real cash. Is bitcoin the new value of currency in the internet? Is he the new money? Can we use it in buying foods and etc in the future?

Telling the truth at the first time I didn’t understand what is Bitcoin about. It had been seemed for me unclear how it can be possible don’t be supported by any government and to have significant price at the same time.
The price of Bitcoin does not depend on the government like Dollar and other currencies of the current monetary system. The Bitcoin price depends on the demand of the cryptocurrency market, as long as the total number of buyers more than total number of sellers or reverse, that side will decide the price of Bitcoin.
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Topic
Board Bitcoin Discussion
Re: Why Bitcoin is better than Cash.
by
CowboyKiller
on 31/01/2018, 20:14:26 UTC
I'd rather hold both of them, I know there's a lot of benefits of holding bitcoin instead of cash for ex. if you have cash or money in the bank it will take time to gain interest but if you are holding bitcoin for sure you will earn something or lose just little amount. The reason why I also want to hold cash its because in our country not all merchant accepts crypto/BTC and if there are emergencies or needs I can use my cash in hand.
You do not need to exchange 100% your capital to cryptocurrency, but to be honest, I think you should put 60% for cryptocurrency if you only want to use crypto and FIAT. However, if you want to saving in gold and real estate or just simply use for your business, 30-40% is enough for your investment.
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Topic
Board Economics
Re: Holdings of gold vs Holdings of btc
by
CowboyKiller
on 31/01/2018, 19:44:42 UTC
holding gold may be more stable and gold will always be there anytime, while bitcoin, the price is unpredictable and nobody knows whether bitcoin will always exist.

Well, I would agree with you. Bitcoin is a digital asset and there is no guarantee that it will survive for more than a couple of decades at the most. On the other hand, bullion metals such as gold have been in use as investment assets for more than 5,000 years and IMO, it will hold its value as long as the human race exists in this planet.
No one said the value of Gold is always high. At the moment, the value of Gold is still high because the world think it is limited supply and rare. Its ability to use in the industry is also very good, almost as it is the best in all metals I know.
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Board Bitcoin Discussion
Re: Does Social Media Influence bitcoin growth?
by
CowboyKiller
on 31/01/2018, 19:20:37 UTC
Definitely, Social media one of the best tools in digital marketing world. It helps us reach, encourage and influence a variety of people from different parts of the world. It has been our avenue to educate, inspire and share our Bitcoin stories that led to our community's growth.

Social Media is the needed tool for marketing, why do we not use it to help Bitcoin grow more, haha? I think it is very neccessary and important to help others know Bitcoin as soon as possible. Then, the Bitcoin value will be automatic increases by the new users.
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Topic
Board Economics
Re: Is trading just educated guessing?
by
CowboyKiller
on 31/01/2018, 19:13:21 UTC
Can you really be sure you will profit unless you have insider info?

Not at all. Trading with bitcoin requires you to follow the price flow, current events that might change the price and also a little luck.
just like gambling trading needs a little luck to have good profit in this field,because even how hard we try to analyze and make research about the said coins yet the market and investors will decide if this one grow or drop.better have enough funds before trading so when the coins bought go drop.you can hold it and try another coin for next option
Buy in bloodbath time. You can keep your money until the bloodbath time happen. In that time, buy and sell at recovery price still help you earn huge profit if your capital is huge too. Usually, the profit you can earn from a bloodbath time is 20-30%.
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Topic
Board Bitcoin Discussion
Re: Saving Bitcoins for your Children.
by
CowboyKiller
on 31/01/2018, 19:05:25 UTC
Good idea, although bitcoin price is quite high already. 1 btc would cost half million in Philippine Peso. Lucky for those who have extra and excess money to spend for btc and for crypto investors because they can always have a hold anytime they want to. All they have to do is just buy and forget about it for few years. It will surely make the holder gain more than 10x fold.
Wow, it is very simple to become the rich or the poor Roll Eyes. You have to know the Bitcoin value can be worthless, no one fixed its value is always high like now. Do you think the whale are stupid? Of course, if Bitcoin can be interesting like Gold, its value can still high in next 10-20 years.
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Board Altcoin Discussion
Re: Will Dogecoin have a future?
by
CowboyKiller
on 31/01/2018, 18:56:16 UTC
A casino has enabled dogecoin payments:

https://themerkle.com/bitcoincasino-us-now-accepts-bitcoincash-litecoin-dogecoin/

Quote
Bitcoincasino.us has announced recently that it now accepts Dogecoin, Litecoin and BitcoinCash.

Doge is pretty much perfect for gambling as it is an inflationary coin that people don't mind losing.
Until today, Dogecoin is still the best coin for gambling because the transaction fees and its value are better than other altcoins to using for play gambling. But if someday the dogecoin value will be 0.1 $ or 1 $, I can not image what situation will happen Roll Eyes.
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Topic
Board Economics
Re: BTC as a national currency?
by
CowboyKiller
on 31/01/2018, 18:50:00 UTC
In my opinion, future BTC may be the national currency. Currently it is the world discussed section. It's fast moving forward .
You used a better world for this here, “may be”. There are people who want to kill other persons in discussion because of not accepting the fact that bitcoins can be dead or they may be devalued after sometime. You are sensible enough to tackle this situation and people are here for making this argument. Yes of course bitcoins can be national currency but it will be shown by the time.
I do not think so, first of all, Bitcoin limited at 21 million coins for its supply. Satoshi Nakamoto fixed the total supply Bitcoin at that amount, so, if you want to see Bitcoin becomes the primary currency, it is impossible. Unless you choose Ethereum or Ripple or other altcoins do not have limited supply or many coins at now.
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Topic
Board Bitcoin Discussion
Re: Will bitcoin replace gold?
by
CowboyKiller
on 31/01/2018, 18:40:27 UTC
Gold in general is no better. The value of gold is nothing more than a result of a global consensus - at the moment everyone agrees to consider gold a measure of value, simply because this measure is in some form or another necessary. If we assume a utopian situation, that tomorrow everyone agrees that gold is not such a measure, then it will be good only for the production of quality wires and trinkets.
The btc is gaining momentum for exactly the same reason - the global consensus towards the btc is constantly being strengthened. In this case, unlike gold, the cue-ball is not only a measure of value, but also a settlement system, and gold is not a competitor for this parameter.
For me gold cannot be replaced by bitcoin. In the first place golds are mine from hard form rocks or inside the cave. While bitcoins are mined from virtual technology. Golds are verry precious, it is mold by hundred years while bitcoin is said to be a bubble.But when it cxomes to value, maybe bitcoin can rise as much as gold.
Why does Bitcoin called a bubble? Is by its value? You have to know the bubble price and the real price for the asset are set by the community. The Bitcoin and Gold price are also set by its community. Until the value dropped below much values in the future, these assets can be the bubble.