Bitcoin is an digital asset, and works like other physical assets. So to help the community, people can just send or donate Bitcoins to others who need it.
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BoardSpeculation (Altcoins)
Re: Will bitcoincash / BCC price be equal to bitcoin / BTC price?
Hell no, that is never going to happen if traders want to keep playing with their fake bitcoin they can do it but they cannot force everyone else to recognize bitcoin cash as the real bitcoin.
Partially correct, and I agree that it's difficult to happen.
It would only happen if the bitcoincash / BCC would take over bitcoin and become the main chain. Then the bitcoincash / BCC price would be equal to bitcoin. But it's very difficult.
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BoardEconomics
Re: Why are Venezuelan not switching to Bitcoin?
by
FinanceUS
on 14/08/2017, 17:55:40 UTC
A simple reason why are Venezuelan not switching to Bitcoin:
Because Bitcoin price is now too expensive for them.
Just kidding. I thought they should switch as soon as possible.
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BoardAnnouncements (Altcoins)
Re: [ANN][DAO] 🚂 The Movement | Unstoppable Organisation | Airdrop
by
FinanceUS
on 08/08/2017, 04:42:08 UTC
Genesis Sentence: US and DAO are great again
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BoardEconomics
Re: What is your best investment strategy?
by
FinanceUS
on 16/01/2017, 11:24:09 UTC
My investment strategy is very simple. I only buy and hold. When the price is low, I buy more.
Day trading is not what I like to do, because I think frequent trading is more difficult to get succeed for my crypto investments.
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BoardEconomics
Re: The Future of Bitcoin Is Not as a Digital Currency
by
FinanceUS
on 01/01/2017, 03:58:37 UTC
It is only Circle's own problem not to allow their customers buying and selling Bitcoin, it is not Bitcoin's problem. It just means that Circle is not going to succeed. Other companies will find ways to take over Circle's current service.
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BoardEconomics
Re: Tell me your predictions about Bitcoin
by
FinanceUS
on 19/12/2016, 03:42:11 UTC
I predict that Bitcoin price will stay above $800 at the beginning of next year. $800 will be our new bottom.
Two arguments here stand out. How on earth can people abandon fiat for bitcoin when:
1. Blockchain simply cannot handle the extra 20 million transacts that will come daily (very conservative estimate). Should people wait 2 or 3 days to ensure they aren't victims of double spends?
2. Should electricy and internet get disrupted (a lot for more than half its population) are people going to simply pause trade and commerce?
Good points here. I'd added that still many people in this planet don't know what Bitcoin is.
One can't ask people in Venezuelan all switch to use Bitcoin when significant percentage of people there knows nothing about Bitcoin.
This is my other thought. Bitcoin in the first doesn't have the plan to replace fiat. Fiat is fiat and it can be replaced by bitcoin because in other ways bitcoin is bitcoin as well which can not be replaced by fiat either both are unique, both do have advantages and disadvantages as well. But they obviously are comparable that makes their differences.
They are both unique, that's correct, but it doesn't mean one can't replace another.
In some countries, people don't trust their own fiat at all and use USD instead. So if one day people don't trust USD anymore, they will then choose another they trust most. So it is possible they will choose Bitcoin if they find they can't find a better alternative.
It is all about trust.
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BoardEconomics
Re: What is your best investment strategy?
by
FinanceUS
on 24/10/2016, 15:20:34 UTC
My investment strategy is always 'buy low sell high'. Not a very special strategy, but it works.
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BoardEconomics
Re: Invest your bitcoins.
by
FinanceUS
on 09/10/2016, 16:06:29 UTC
I'd invest some of my Bitcoins to a few quality and cheap altcoins. And then sell them at higher prices and expect to earn some more Bitcoins.
It is the only big reason why traders like to trade on bitcoin vs altcoin and bitcoin vs fiat. However it has a downside, if the price falls too much people may convert all bitcoin to fiat and stop using bitcoin. However the chance is very less.
It has upside too. If the price rises fast people may convert more fiat to Bitcoin.
It depends on the perforamce of the bitcoin development. If it is done properly, I will trust and invest more into bitcoin.
Don't you think the current performance of bitcoin is good enough to make anyone trust it? It is growing, being adopted and its users database is also increasing day by day, what else you need for trusting it?
He says it depends on the performance of the bitcoin development. His meaning is unclear.
But I guess for most people, the higher the BTC price, the more people will trust.
For the big country like Japan and USA, i think paper money will dead and digital money will take it. But for developed country, i think paper money will be used permanently.
I think you mean undeveloped countries which can't afford to set up the digital money system. For all other countries which can afford setting it up, digital money will be their only option.
I've ever heard an expert of astronomy (on geography channel if I'm not mistaken) said that universe is full of dark matter, but they can't prove it.
I heard there was some proofs for the existence of dark matter in the universe. But still lack of evidence for "full of" dark matter.
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BoardBeginners & Help
Re: ARE NEWBIES CONSIDERED AS FOOLS?
by
FinanceUS
on 19/07/2016, 03:00:34 UTC
Newbie is just a rank for the forum. The ranking can't represent whether the owner is a fool or not. In fact, many smart guys also started with newbie status. And some senior members are still fools.