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Showing 20 of 183 results by Cryptophorus Columbus
Post
Topic
Board Economics
Re: You missed all the trains, not just bitcoin
by
Cryptophorus Columbus
on 05/06/2018, 16:59:46 UTC
We miss most of the trains, of course: they are too many. The secret is to take the right ones...
Post
Topic
Board Economics
Re: Is banking still important in the bitcoin era?
by
Cryptophorus Columbus
on 08/05/2018, 14:48:31 UTC
Theoretically, the banks - in the vision of Satoshi - should no longer be necessary, with the advent of bitcoin.
But they will hardly let themselves be put aside, so they will invent something. And then you will still need financial services, loans and other things like that.
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Topic
Board Economics
Re: Can you start from zero cash and make a living with the opportunities in crypto?
by
Cryptophorus Columbus
on 24/04/2018, 16:04:51 UTC
Maybe yes, but starting from scratch is very difficult, also because there is the risk of using the first earnings to pay the bills, and then you can not create a capital to be able to invest seriously.
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Topic
Board Trading Discussion
Re: Starting trade with small amount
by
Cryptophorus Columbus
on 10/04/2018, 15:45:18 UTC
There are so many free videos that explain how to improve their skills as traders.
The best thing to learn the technique is a forex demo account
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Topic
Board Altcoin Discussion
Re: Cryptocurrency Will Kill Cash ? Is this True
by
Cryptophorus Columbus
on 09/03/2018, 15:35:33 UTC
Oh, no, it's just about politics: in Swedish they are just creating a cashless society (of course, centralized coin, not crypto) so it's very possible.
If you force people to have a bank account connect to a card, you'll have a cashless society in very short time.


It will be impossible to replace completely cash with crypto, even in case of general acceptance.
More likely, you'll have the two systems working in the same time.
Then, who know, somewhere in the futur, when everyone will have a mobile (or a chip under the skin...) then there won't be need of cash anymore.

That's going to take at least a hundred years or so, so I wouldn't worry about.

Unfortunately not gonna happen in our lifie times i think.
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Topic
Board Altcoin Discussion
Re: possibilities for crypto
by
Cryptophorus Columbus
on 09/03/2018, 15:32:02 UTC
There are a lot of possibilities, but please note that the only aim of political declarations in this field is just to manipulate the market: crypto investor are not so experienced as the forex ones, so they believe anything.
So, don't listen too much to what politicians declare, it's just to have immediat profit.
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Topic
Board Altcoin Discussion
Re: Sending in fake ID for KYC
by
Cryptophorus Columbus
on 09/03/2018, 15:22:31 UTC
If there isn't an official request from governamental institution, or a specific law to respect (for a lot of investments KYC is mandatory), there is no reason to send you ID and your papers to un unknown entity.
So, fake it!
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Topic
Board Altcoin Discussion
Re: Putting a price on privacy
by
Cryptophorus Columbus
on 09/03/2018, 15:19:49 UTC
You know, it's true that facebook trace all of your data, but you can lie very easily.
So you can make a lot of completely fake profiles.
Actually, it's what ar you doing here, don't you?
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Topic
Board Altcoin Discussion
Re: Am I late to the party?
by
Cryptophorus Columbus
on 09/03/2018, 15:17:23 UTC
You know, you are late to the party if you don't take action NOW.
May be it can sound as usual new hage bullshit, but it's really true: the past doesn't more exist, the future neither (but you can built it).
Stop regret, so act now, where the power is.
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Topic
Board Economics
Re: Crypto is an Asset or Currency?
by
Cryptophorus Columbus
on 05/03/2018, 16:59:07 UTC
It's a strange question: it can be both, and this depends from what you use it for.
Actually, any asset can be used as currency, and viceversa, so I don't understand the question.
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Topic
Board Economics
Re: Bitcoin is useless
by
Cryptophorus Columbus
on 05/03/2018, 16:53:40 UTC
Bitcoin is a young creature, so it has a lot of aspects that must be improved, and the list you've made is absolutely correct.
But this doesn't make bitcoin "useless": in the meanwhile the behind technology is getting better and better, you can use it for transactions and profit.
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Topic
Board Economics
Re: Bitcoin Can Be A Savior!
by
Cryptophorus Columbus
on 05/03/2018, 16:43:57 UTC
I don't think a country could rely on bitcoin to be "saved": it's only a currency, and if the enconomy has structural problems, it doesn't make any difference if you use dollars, pesos, pounds or any other currency.
Bitcoin can save only some good (or lucky...) investors on an individual level.
Post
Topic
Board Economics
Re: If Bitcoin had a stable price, would it still be as popular?
by
Cryptophorus Columbus
on 05/03/2018, 16:40:11 UTC
Bitcoin is liked now from investors, because its huge fluctuations allow a lot of profits for skilled traders; but these fluctuations make it useless as currency.
When it will be more "quiet" and it will have a general acceptance, it will be as any other standard currency.
Post
Topic
Board Altcoin Discussion
Re: Your strategy in trading
by
Cryptophorus Columbus
on 05/03/2018, 16:36:31 UTC
I rely only on the technical analysis of the charts (of course, when there are some manipulative declarations from politicians I take them in consideration).
Btw, I saw that Elliot waves are the best tool in predicting the market movements.
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Topic
Board Trading Discussion
Re: Starting trade with small amount
by
Cryptophorus Columbus
on 01/03/2018, 19:02:16 UTC
Even if you had a lot of money I'd suggest to start with little sums, as the possibility to lose everything is very high.
Only when you'll have more experience you can start to put something more on the table, not before.
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Topic
Board Economics
Re: stop being negative and start being positive.
by
Cryptophorus Columbus
on 01/03/2018, 18:59:52 UTC
I don't like the expression "positive thinking" because it reminds me all usual new age bullshits about "positiveness".
Actually, hope is not a strategy, and the only mind set I like is "realistic thinking".
So, check the facts, make your analysis, decide a strategy and make your move.
And forget positive - or negative - thinking.
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Topic
Board Economics
Re: Can you start from zero cash and make a living with the opportunities in crypto?
by
Cryptophorus Columbus
on 01/03/2018, 18:53:42 UTC
Of course you can, lot of people here did; btw, please note that it's not easy and it's not guaranteed: out of skill and hard work, you need also a good dose of luck! :-)
Post
Topic
Board Trading Discussion
Re: Bitcoin price bubbled?
by
Cryptophorus Columbus
on 01/03/2018, 18:50:05 UTC
I like to read old post (where "old" means just some months ago) just to see how obsolete can became the discussions in the crypto field.
Actually, there in no sense in making too many analysis, as their validity lasts just for ridiculously short periods.
So, evaluate the situation as you can, and move.
Post
Topic
Board Economics
Re: Do you think bitcoin redistributes wealth or just makes the wealthy richer?
by
Cryptophorus Columbus
on 01/03/2018, 18:27:58 UTC
Bitcoin won't redistribute anything: if anyone on the planet changed his fiat money in bitcoin the situation would be exactly the same.
The only thing that bitcoin can do is to offer an interesting opportunity to some people that are willing to invest. Nothing more.
Post
Topic
Board Economics
Re: You missed all the trains, not just bitcoin
by
Cryptophorus Columbus
on 01/03/2018, 18:17:15 UTC
In trading - as in life - there is a lot of space for regret, because it's inevitable - after we know the result - to blame ourselves about the decisions we took or we didn't take.
But it's completely useless: you took some decisions with the data at your disposal, and it was what you thought it was the better decision.
That's all.
All you can do is to take a better decision next time: there are still a lot of trains...