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Showing 20 of 328 results by Ethan Argu
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Board Speculation
Re: How to BUY BITCOIN at the "right" price
by
Ethan Argu
on 08/01/2019, 03:00:03 UTC
There is no definition of right price. This depends on your estimation, how much are you willing and can invest and how much risk you are ready to accept.
Basic rule for trading is to buy low and sell high but in practice this is not always easy to do because it's hard to predict the movements of price. That is why good traders need to have a lot of knowledge and experience to be able to judge properly conditions on the market and when is the good moment for investing. That isn't easy and that is why we don't have much good traders who are able to make decent profit on a regular basis.
In my opinion bitcoin price is hard to identify when it's roght or low. It depends on the condition of the flow of bitcoin / mining in the industry / market. Many of the bitcoin users are relying on the price of bitcoin where it posted.
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Topic
Board Bitcoin Discussion
Re: With a booming on 2017 and difficult time on 2018, will Bitcoin recover on 2019?
by
Ethan Argu
on 07/01/2019, 13:35:42 UTC
Theres a possibilites that bitcoin will boom for this coming year, it would help to increase mass adoption depends on the news some instances that it will happen as we can see the previous year 2017 how quick change the value from lowest to highest theres a chance to recover for this year.
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Topic
Board Bitcoin Discussion
Re: Is it Game Over for Bitcoin?
by
Ethan Argu
on 07/01/2019, 08:57:42 UTC
People were at the limit of their patience, and this drop has meant that the game is over for many people. We all know that game is now on. There are people whose plan work very well.
For me it's no. Because as of now bitcoin is still working and still on its process to make higher price. Lets wait and see for thde bitcoin to hit the higher amount this year.
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Board Bitcoin Discussion
Re: All bankers hate BTC, am I right?
by
Ethan Argu
on 06/01/2019, 23:58:15 UTC
Obviously , because it will take down banks all over the world. Its advance technology unlike the traditional banking bitcoin will destroy the bank system. It will lead cashless because of digitalization we can no longer use paper money in the future.
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Board Bitcoin Discussion
Re: Bitcoin losing value is nothing surprising, will continue
by
Ethan Argu
on 06/01/2019, 23:21:11 UTC
I believe it recover soon, we all know that the valus is continuing loses. Theres nothing change nowadays we see the movement of price. So inconsistent its better to hold and wait unstead putting your investment in a bank its better to put in in bitcoin and its in top of all coins so bitcoin will never end.
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Board Bitcoin Discussion
Re: Best Social Media Outlets for Crypto
by
Ethan Argu
on 06/01/2019, 15:49:11 UTC
Social media like facebook and twitter is the most influential to spread the news about crypto. Theres a lot of potential while advertisimg crypto and it has a contribution on our community. We all know that manu people are keep browsing in social media so they have a chance of many investors will have an interest.
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Topic
Board Bitcoin Discussion
Re: Is it Game Over for Bitcoin?
by
Ethan Argu
on 06/01/2019, 13:31:45 UTC
It is not over, bitcoin. Is continuing develop despite of struggles that encounter on this previous months , we all know that the price is continuing down but the point is theres a lot of transaction that will open for bitcoin in some countries. I do believe that bitcoin will known in many country this year. Theres a lot of Opportunities will open to many people to invest in this business.
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Topic
Board Bitcoin Discussion
Re: What is the obstacle of Bitcoin?
by
Ethan Argu
on 06/01/2019, 12:49:20 UTC
Obstacle of bitcoin is some are against to invest in bitcoin they said that bitcoin has a scam they keep judging. Some people are ignorant they did'nt know about bitcoin they simply judge at the first place. In that situation the people who want to join in bitcoin are few because of that issue.
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Board Bitcoin Discussion
Re: We have to be aware that bitcoin will not last forever
by
Ethan Argu
on 01/01/2019, 05:48:03 UTC
Nothing around us will last forever. The computer I'm using now will only last a few years, but I'm confident BTC will last many more decades. Even if the network's going down to 2 computers, BTC can keep on going. The real question is how many people will keep on using it. I hope it will grow, and each time I'm watching the news, I see reasons to be hopeful. I see larger and larger deficits in most countries. I see more and more taxes to try to curb those deficits. I see more and more civil unrest, the yellow vests people in France, the occupy people in the US... Sooner or later, people will realize that BTC is a safe way to keep your savings, and to do business outside of the eyes of the devil, the taxman.
In my opinion, Bitcoin will not remain forever. Why? Because bitcoin cannot maintain the price itself. You will wait to raise the price when the mining season is flactuate.
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Topic
Board Bitcoin Discussion
Re: Airport accepting bitcoins for traveling tickets
by
Ethan Argu
on 30/12/2018, 14:31:02 UTC
Thats a great news you can travel around the world using our bitcoin. It has big help for those cant affordable travel, in bitcoin you can travel without ussing your personal money. How could great such having a bitcoin.
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Topic
Board Speculation
Re: How to BUY BITCOIN at the "right" price
by
Ethan Argu
on 29/12/2018, 03:27:22 UTC
there is a mining:market dynamic paradigm that plays out
people always look for th cheapest ways to get bitcoin. so yes there is a correlation between market:mining during low speculation

firstly it isnt an instant reaction as soon as a block reveals its hashrate the price of mining calculates and markets react.. its a bit slower
EG octobers hashrate curve led to novembers market reaction

secondly its more about a underlying value (below the speculative price) support. so it wont help you much predict the next speculative hype.

however when you see the hashrate move and has a sustained period of a certain level. the markets react.

people will always find the cheapest way to get bitcoin, so that could be mining when hashrate is low in comparison or markets when hashrate is high, but they end up pulling each other up and down to equalibriate themselves in a low speculative time

in short right now based on mining cost. 104*average exa hash rate=bottomline market support

so if market prices are near the result you know its a good price.. if the market price is way up above, then the price is too high and not sustainable and has high chance of coming back down

the magic number 104 is based on the mining cost of the majority at present. using the most efficient costs. so its the bottomline value.

this number can change periodically when different batches come out that are more efficient. but instead of doing the complicated maths i just simplified it down to the easiest representation of the mining cost math so that people can easily calculate costs in one easy calculation.

There is no exact price of bitcoin. It depends on the rate of bitcoin in the market. Many of the bitcoin holders are buying bitcoin when the bitcoin price is very law. But when the bitcoin hits the price or the price is right for them to sell bitcoin they will grab the opportunity to sell it. But when the bitcoin's price is low they will buy the more they can get. So that they can sell it double or triple the price of the bitcoin when they bought it.
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Board Bitcoin Discussion
Re: How many times you heard the bitcoin gonna die?
by
Ethan Argu
on 23/12/2018, 22:34:24 UTC
I dont know how exact times that i heard it every news or topic has a negative about bitcoin like what you say bitcoin is dying, yeah i heard it all times but i ignore it, its a stategy that every investor make them panic to sell thier bitcoin in a small amount. If you are newbie to this industry make a research dont lose your investment. Ask some advice to the expert. No one can predict when bitcoin die.
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Topic
Board Bitcoin Discussion
Re: What are you most interested in learning about?
by
Ethan Argu
on 19/12/2018, 01:39:27 UTC
As of late, I want to know how does one get certification to work as a legitimate and experienced blockchain/bitcoin guy (not exclusive to a developer, obviously) since I've seen that the term #blockchain and #bitcoin are the ones that are needed by some services and companies, and they pay an awful lot of money for someone with the right credentials. Knowing that I'm not a coding guru and I only know about the tech, I'm interested in using my set of skills to help a company/service excel in the field of blockchain and bitcoin, but most certifications available are only for developers and programmers, and the rest are left out in the void.
I learne about bitcoin and cryptocurrency is so basic as for now. Because bitcoin is the easiest investment you will find in the online business. I learned that bitcoin is a big help to others especially to in the people who are really in need to make a profit through bitcoin. Bitcoin is also a complicated one if you are not well educated in it. But when you learned more about it you will saw the benefits on it.
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Topic
Board Bitcoin Discussion
Re: What is the value of Bitcoin? What is bitcoin secured by?
by
Ethan Argu
on 18/12/2018, 02:35:21 UTC
Almost all top altcoins or bitcoin that has a high volume in the market are all being controlled by the whale investors, just like what is happened into XRP a couple of weeks past, same goes with Bitcoin as well. There are lot manipulators in the market, and this things can't be gone anyway. I think it is already a part of their strategy anyway.
And you believe this is different with stocks? They are controlled by a small group of board member who together are the majority shareholders. This means that even if you were able to gather up all the other public shareholders you wouldn't be able to dictate anything or change company's policies. With Bitcoin you have the advantage because even if whales sell their stocks the technology will still be there. It will lose most of its value but it won't disappear. If the board decides to shut the company down it disappears.
In terms of security, I believe that bitcoin needs an improvement to it and when it comes to the value of bitcoin is still inconsistent it depends on the demand of mining in a country. Many of the investors are relying on the mining industry for the improvement of pricing of bitcoin.
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Topic
Board Bitcoin Discussion
Re: How many people have btc?
by
Ethan Argu
on 17/12/2018, 09:39:08 UTC
Certainly very much. We cannot calculate the exact number of holders and users of bitcoin at this time. Countries such as the United States, China and South Korea are the countries that invest the most money for bitcoin. Their population is millions of people. But maybe if predicted in 2024, bitcoin users reach 200 million people worldwide
It depends on the country who has bitcoin owners. here in the Philippines, many individuals and businessmen are supporting bitcoin especially Millenials because many of us are self-support individuals and many of us are supporting their education through investments. many of us are open to investments and willing to learn and more. so, I do believe that here in Philippines re fully supported to bitcoin and cryptocurrency.
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Board Bitcoin Discussion
Re: Why do we need bitcoin in the modern world?
by
Ethan Argu
on 17/12/2018, 06:45:50 UTC
You present a counterpoint. While some people enjoy using it to pay for dinners and houses, others see in Bitcoin a way to make profit, selling it more expensive than they bought. If people are using BTC for these reasons, it's because they need it on their individuality, and fiat wasn't fulfilling their expectations and personal needs.

It's hard to say why we need Bitcoin in the modern world because each person has their own personal reasons. But on general it's like asking why do we need money in the modern world... Bitcoin is just money, with some extra advantages decentralization and technology give us.
Because this will make our world modernize by using online systems through financing and money transfer. This will be convenient and more reliable to like the banking system. This will also serve as a medium of banking and money exchange. As what I always stating in the forum this will be more convenient for hotel booking, flights, reservations and paying through the online system.
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Board Bitcoin Discussion
Re: Why BTC is not adapted into business??
by
Ethan Argu
on 16/12/2018, 23:30:35 UTC
One of the reason is inconsistent movement of price. Some products are consistent to thier price thiers a small chance to change the value in slow time. If we see the side of bitcoin every minute can drop to a small value within a second. Yeah we can use it in some businesses like travel book on a hotel, you can buy product using your bitcoin but limited business are accepting crypto.
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Topic
Board Bitcoin Discussion
Re: This why you shouldn't be worried
by
Ethan Argu
on 11/12/2018, 08:24:15 UTC
Yeah, yeah, "we've been here before"...got it. I suppose it's reassuring to see the stats. The fact that we're down almost 80% from the last high is NOT the deepest pull back we've seen (although it's close). The challenge is two fold: (1) with each new high, the same incremental percent downward we go involves a significantly greater nominal value (i.e., amount in euros, dollars, etc.) decline we have to endure, and (2) the adage "past performance is not indicative of future results" basically states that charts like these have little to know impact on what could happen going forward.

We're free falling and it's a tough time to be in.
we shouldn't be worried because not all the time the bitcoin will always downfall. There are times that bitcoin coin is rising and many of the investors are still in their investments and also businessmen and bitcoin itself, So there is always a time to expect some things are not consistent like bitcoin.
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Topic
Board Bitcoin Discussion
Re: Is crypto capable of making the world go digital?
by
Ethan Argu
on 11/12/2018, 06:50:26 UTC
With or without crypto, the digitization of services and money will happen. Mind you, even before bitcoin existed, credit card companies already existed, and banks have shifted some of their assets into digital ones, so the shift towards digitization is inevitable. However with bitcoin and cryptocurrencies, it only made the shift faster and people more confident about it. The acceleration of our technology can also be attributed towards people's confidence regarding the digital age; governments are ditching traditional paper files for some of their safekeeping and has since shifted to computers and such given the convenience it offers and productivity it brings.

The world is going digital day-by-day, but going 'cashless' is still too far from us, IMO.
I think yes? Because bitcoin/cryptocurrency is more digital and high technology than banking. banking is the medium of money transfer, loans and etc. cryptocurrency is a medium that very convenient and more digital because of many usages and more on investing and low cost and the greatest factor of going digital is the low cost of interest than banking.
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Topic
Board Bitcoin Discussion
Re: Is the efficiency of mining BTC gone?
by
Ethan Argu
on 11/12/2018, 03:58:57 UTC
Now mining Bitcoin is unprofitable, but if the price of Bitcoin starts to grow, then all investments pay off quickly. I think now many have abandoned mining
I also agree with you, now mining is being abandoned.
I have an interesting link about this, this is the fact that miners started selling their equipment.
https://bitcointalk.org/index.php?topic=5082887.new#new

Some misleading comments here

Bitcoin mining is not profitable for some miners at the moment, others, the vast
majority are mining away no problem.

Not every miner has the same costs, electricity varys different from country to
country.

Some miners are selling equipment because there is new hardware coming
onstream shortly and as the markets are down this is a perfect time to sell.

Not totally gone. Maybe bitcoin will lay low to its popularity because some of the time like stakes there are times the prices are going low and some sort of time it will go higher than expected. Many of the mining companies are lay low it depends on the situation of the country thru mining. But their time that mining is popular and many supportive government and businessmen are investing in the mining industry.