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Showing 20 of 22 results by Ellapots1234
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Topic
Board Economics
Re: Bitcoin or gold?
by
Ellapots1234
on 15/12/2017, 13:01:41 UTC
If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.

Gold. Because you can create bitcoin through gold. Apparently they're just the same.
But if gold does not exist, neither do bitcoin. But if gold exists you can make more bitcoins out of it. the
real foundation of it all is gold. and gold is the foundation of bitcoin
Post
Topic
Board Economics
Re: Best tip on saving money
by
Ellapots1234
on 15/12/2017, 12:45:48 UTC
Well you know am really bad at managing my money thus what I do is I transfer everything I earn in the bank account of my friend and he won't even let me have a penny from it even if am dying.. though sometimes if I desperately need he does allow me to have a little amount..!! Its more like having a personal finance manager Wink thus if you aren't able to save up yourself I will advise you to ask help from a friend of yours Smiley its never a bad option also its better if he is super strict Cheesy

Also I have planned daily usage like a dollar a day or something like that thus it helps me control whatever I spend.

First you must have a goal. Goal on how much will you save per day, per week or per month. You must have commitment to yourself and be serious about these. In order to these you must discipline your self. And motivate yourself that the reason why you are saving money is for yourself also. Your future is in your hands so don't let it be wasted
Post
Topic
Board Bitcoin Discussion
Re: Bitcoins for illegal activity
by
Ellapots1234
on 15/12/2017, 12:09:51 UTC
Well, it is not the problem with Bitcoin but the human involved. There are also cases whereby people buy and sell drugs or involve in any illegal activities using fiat.

People have choice. they can either use it in a legal way or illegal way. we cant stop them, they have their own will oh how to handle it.
but these might change the image of bitcoin. people may look at it negatively because they can see whats happening and whats really the purpose of bitcoin in this world. people might hesitate to have it. And as we all know if people holds money, they can use it whenever they want especially if has a high value and if they want to make it higher more by engaging in a legal way of having money
Post
Topic
Board Bitcoin Discussion
Re: Schools Are Officially Accepting Bitcoin for Tuition
by
Ellapots1234
on 15/12/2017, 12:00:47 UTC
This is a good news for people who have lots of bitcoin but I don't think they have financial problems for them to be using their bitcoin. And as for me who is investing on bitcoin hoping to be rich someday I dont think I'll be using my bitcoin cause it will defeat the reason why I hodl bitcoin.

It can really happen. because it bitcoin can be a source of any kind of payment just like paying tuition fees. and also students
will be aware about this.
it is good because they will have knowledge about it and of what it is all about .
Post
Topic
Board Bitcoin Discussion
Re: will people lose intrest?
by
Ellapots1234
on 15/12/2017, 11:34:43 UTC
First thing, bitcoin can't die overnight.

Second, people are getting crazy about all cryptocoins not only bitcoin so this trend might remain same if there will be no more bitcoin.

People are investing in bitcoin because it has limited supply and no any government can shutdown bitcoin network. People find it much safer to store their wealth in bitcoin than in their local banks.


Bitcoins cant die but people can make it die, by losing an interest about it
In my opinion Golem for Long-Term or Zcash for Short-Term. However, I’d advocate for ethereum right now as the price
has dipped and I think it’s the most promising crypto available on the market.
Post
Topic
Board Economics
Re: Is it better to save money or invest it?
by
Ellapots1234
on 12/12/2017, 09:32:19 UTC
better to invest in bitcoin, gold maybe more secure, but bitcoin has more potential to grow

saving money in the bank, will only mean losing them in the long-term with the current high inflation

for me it is better to invest. because investing can make your money grow if you chose to save money
in bank it might get lost because your not continuing to save or put money in the bank. and might as well your interest
might get higher so it really depends on the person
Post
Topic
Board Economics
Re: Legalizing Bitcoin
by
Ellapots1234
on 12/12/2017, 09:22:32 UTC
legalizing cryptocurrency in country is a difficult, it depends on users cryptocurrency and bitcoin, "how cryptocurrency users participate in state regulation, and demands legalization, by judicative means.". cryptocurrency legalization statistics is very dynamic, and when you see some effort to start receiving bitcoin, it signifies the global elite has received bitcoin as a means of payment.

In our country many of us uses bitcoin as a digital currency for any payment or transactions.
so its possible that bitcoin will be legalized in our country. but the decisions will still be on the government
and its gonna be complicated if that happens but all I can say is it is possible to happen
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is garbage.
by
Ellapots1234
on 12/12/2017, 09:12:44 UTC
That's where altcoins are useful. When bitcoin's value are so high that giving a tip is such a waste you can use altcoins. Bitcoin is not the only cryptocurrency. And bitcoin will not be on top if there's none on its bottom.

why consider it as a garbage? because it is not useful? or youre not just using it the way it must be?
but in others opinion its not useful because its just a digital currency just like the others they have different kinds of uses
so why do you say bitcoin is a garbage of there are also currencies below it
Post
Topic
Board Economics
Re: Difference of Trading and Investing?
by
Ellapots1234
on 09/12/2017, 11:54:58 UTC
both of them is difference, but to make it easier to understand, when you investing, you trust your money to someone and you don't need and can't do anything with your money until certain period, when you trading, you used your skill and knowledge to generate profit and you need to some work in trading, you need to pay attention to the chart and keep the updated news everyday

so when investing you depend on somebody else when trading you depend on yourself

The goal of investing is to gradually build wealth over an extended period of time through the buying and holding of a portfolio of stocks, baskets of stocks, mutual funds, and etc while trading Trading, on the other hand, involves the more frequent buying and selling of stock, commodities, currency pairs or other instruments, with the goal of generating returns that outperform buy-and-hold investing.



Post
Topic
Board Economics
Re: good effect and bad effects of robots in replacing human Jobs
by
Ellapots1234
on 07/12/2017, 10:48:17 UTC
as i said on the title what are the good effects and bad effects of robots in replacing human jobs. this will affects our economy or not.
What is your opinion about this guys.
Robots replacing humans to do their job surely will affect the economy of every country. The pros of it is that robots allow increased production because they work faster. They can also work longer because they dont require sleep or rest, they just need electricity to function. The disadvantage of it is that many people would lose their jobs and their work wont improve because they are programmed with their skills and it does not improve even if they work for a prolonged period of time.

good effects of robot for jobs is they will just follow and follow all the rules because they have no emotions to burst out for the pile of
works given to them. and works will be  fast because robots are technologies. so it will be a benefit to the company. the downside of it is it will not last. it gets broken if its used again and again. and you cant control it. if its over used it will be triggered until its broken. thats its effect
Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin really secure?
by
Ellapots1234
on 07/12/2017, 10:12:51 UTC
Yes bitcoin is really secure. no one can steal bitcoin, except for our own carelessness. Smiley
The government can not be that easy to ban bitcoin transactions, because bitcoin is the future.


In the eyes of those who knows it, knows it secure. Because theyre using it. others dont think its
secure because they think that t is illegal and it is not govern by a government so who would trust this?
most of the people are not sure if its secure because it is not yet known.
Post
Topic
Board Economics
Re: Electronic Money vs. Physical Money
by
Ellapots1234
on 05/12/2017, 11:53:10 UTC
Better invest in crypto. They at least requires some work. In a case of fiat, they can be drawen easely.

people nowadays prefer physical money because it is still existing. and its the most known money today.
but as electronic money enter in, few people are starting to get interested with it. why? because they dont need to touch money, or hold it but they will just  scan something at that easy. people like everything to be easy and less hassle.
Post
Topic
Board Bitcoin Discussion
Re: Why should people use Bitcoin?
by
Ellapots1234
on 03/12/2017, 13:47:14 UTC
Bitcoin is the future of money, or so they say.


I would like to hear your opinions on Why should people use Bitcoin?



The bitcoin network is an easier payment network, faster to use than other payment methods. You do not need to register any information and have access to a world wide market where you can earn and spend.  Smiley

bitcoin can make their life easier. in terms of trading,investing,saving and other terms related to money. this will allow to have an easy transaction in the world. also one of the reason why people must use bitcoin is  they will benefit from it they just must be patient and be persevere to continue what they started in bitcoin.  
Post
Topic
Board Bitcoin Discussion
Re: Will Bitcoin be replaced by another cryptocurrency?
by
Ellapots1234
on 03/12/2017, 13:32:05 UTC
Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?

I think so. but for now it will not be replaced. perhaps if its really out of date and most of the people are now interested in bitcoin, time will
come that will think of another cryptocurrency that will replaced bitcoin. people will get tired of it as long as they are using it for a long time and they will long for another new currency
Post
Topic
Board Pilipinas
Re: Payag ba kayo maging Cardless community ang Pinas ?
by
Ellapots1234
on 03/12/2017, 13:18:36 UTC
Sang ayon ba kayo kabayan na maging hakbang ito din sa pag-unlad ng ating bansa na para madali na din ang transakyon katulad sa ibang bansa.

depende kung paano ang magiging proseso non pang nangyari yun. kung paano din gagamitin ng tao as long as mangyari yon. but
as we can see may possibility na mangyari yun diba kasi rin naman sa mga technologies na naiimprove na rin
ayaw na rin naman ng tao na mahassle/mahirapan pa so I think many filipinos will agree about that matter if that can make life easy why not diba?
Post
Topic
Board Economics
Re: Make money from money
by
Ellapots1234
on 03/12/2017, 12:53:13 UTC
What are the features that a good investor should have?

He should be optimistic on what he is investing, because if he thinks about negativity that can have a bad impact to his investment.

What are the characteristics of people who have enough capital and earn money from money?

Well they are risk takers because they know how to work with their own money and they are flexible too.

What are the factors that make these people successful in their investments?

They are goal setters they are looking upon the positive result that they can have upon investing with it.

he must be productive,smart,independent and must know where he must go or where is his goal. because from the very start
he/she must know what must be done on the things he/she wants to pursue and to look forward for the future of his business/investment. that he/she might think that it will be on a good flow.
Post
Topic
Board Economics
Re: Can Bitcoin End World Poverty?
by
Ellapots1234
on 02/12/2017, 03:21:54 UTC
I think it depends on the situation. Bitcoin can only end the poverty of those who knows bitcoin,but those who dont know anything about bitcoin, they are always in poverty in thier entire life like on some places were technology have no room.

it depends. those people who enter the bitcoin world can be rich and left their life from poverty. but those people who wants to stay where they
are, its their choice. world poverty will end if everyone help each other to get away of poverty. not just money
or bitcoin can end poverty but also the people around can make change to end poverty.
Post
Topic
Board Economics
Re: Do You Think Bitcoin Will Replace Dollar Soon?
by
Ellapots1234
on 02/12/2017, 03:06:38 UTC
Coinbase CEO believes bitcoin will replace dollar within 15 years.

Read the following news:
http://cointelegraph.com/news/114983/coinbase-ceo-bitcoin-will-replace-dollar-within-15-years

Do you think it will be true? Are you positive towards bitcoin's future status?

I think so. its happening already what can we expect? we cant stop things to happen.
as bitcoin slowly eats up money, money is slowly disappearing. nothing is impossible
bitcoin will be the national currency someday
Post
Topic
Board Economics
Re: The future of the paper money
by
Ellapots1234
on 02/12/2017, 02:52:15 UTC
If it's something made by the government or by banks then you should definitly know that it won't be private and they will have control of everything just like the banks right , nothing much will change .
and for what comes to the Paper money I don't think it will dissapaear , maybe on some countries yes but worldwide ?definitly not because some countries don't even use Credit cards for their transactions so ... yep

we can see that paper money are slowly disappearing because of those digital currency that are appearing now. thats what happening in the world right now. one day you will notice that there are no paper money, money will be intangible. we cant be sure about the future but we can be sure that something strange will happen.
Post
Topic
Board Economics
Re: The dream of getting rich with bitcoins
by
Ellapots1234
on 01/12/2017, 13:35:49 UTC
In all the time I am in Bitcoin I managed to make some decent profits but not enough to get rich. Actually, by far not. But right now that's not really my purpose. I am perfectly fine with making decent profits every year as I like to see my wealth grow constantly.

many of us want to get rich but as time goes by there are many things that cause you to be rich and one of them is entering the bitcoin world whisch is one of the most known today. generally you will be rich if you think and plan your work in entering bitcoin business
by trading,investing, and saving bitcoin as it goes up