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Board Bitcoin Discussion

Re: Bitcoin in College???

JacksonMonroe

on 24/11/2017, 10:39:33 UTC

Yes this is a good idea i am in college and i like to earn and pay everything with my bitcoin money i can go out every night just because i earn a lot with my btc money and i hope a lot of other people will take advantage of this too.

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Board Economics

Re: investment mode of btc is best or currency mode???

JacksonMonroe

on 24/11/2017, 10:33:44 UTC

Quote from: speedy963 on November 24, 2017, 10:01:19 AM

Quote from: Kronos21 on November 23, 2017, 06:00:07 PM

Quote from: aeternus on November 23, 2017, 05:24:34 PM

Quote from: cellard on November 19, 2017, 04:49:48 PM

Quote from: usam_coiner on November 19, 2017, 04:37:33 PM

A trend has been started that bitcoin is now used only for raising income by buying and selling it but we are ignoring its most important fact that it was created to be used as currency and if it can be used as the currency it would really help community to enjoy its eases and regions who are accepting btc must have to start it as currency this will automatically boost user no's as well a prices,

The price of something goes up if it's desired, and has a certain set of properties that make it a good long term holding.

Bitcoin first needs to be a store of value, a currency is the next step after that, and thus far we are still in the store of value process. We need to defeat gold as store of value. Daily usage of BTC will come with lightning networks. We don't need to do anything other than keep developing the technology and people will freely choose to use it as a currency, until then it's just digital gold.

People are not going to do something that goes against their interests, people do not use bitcoin right now because they do not find it practical, but when bitcoin finally becomes what we know it can become a fast way to make payments all around the world, people are going to use it instead of fiat.

In order for bitcoin to have received such quality as you say should totally change the conditions for its use. Now bitcoin is used for accumulation and indirectly supports Fiat. Because in order to make purchases, we are forced to change their coins for Fiat. All purchases we make for Fiat. This means that we will never give up Fiat.

The main purpose why bitcoin has been created is to be used as a currency, and because of its volatility people come up of an idea on how to grow their bitcoins, their are also lots of methods and ways to grow your bitcoin, and as you said " we are forced to changed their coins into fiats"? well its not like that, nobody is forcing you, and besides there are also lots of new investors that we do not know maybe daily, so volatility was being taken advantage in order to gain and grow your bitcoin. That's it.

I agree with you i think investment mode is the best for BTC because people are actually making a lot from it and people are becoming rich everyday currency mode is not so good in my opinion because bitcoin is not supposed to be real life money.

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Board Bitcoin Discussion

Re: Bitcoin or Bitcoin Cash - What is the future bitcoin

JacksonMonroe

on 16/11/2017, 10:11:19 UTC

I did not even know bitcoin cash existed since like 2 days ago? bitcoin is way older and way better then bitcoin cash also the price of those both are a lot different to i think that bitcoin will be the leading one in the future or even Ethereum.

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Board Speculation (Altcoins)

Re: Do you see alts have chances against Bitcoins?

JacksonMonroe

on 16/11/2017, 10:03:21 UTC

Quote from: Kingofthe80ss on November 16, 2017, 09:53:18 AM

Quote from: chichigirl on November 16, 2017, 01:56:04 AM

Quote from: Kingofthe80ss on November 15, 2017, 09:22:41 AM

Quote from: Denker on November 15, 2017, 09:16:07 AM

Quote from: Bacotan Bae on November 15, 2017, 08:38:47 AM

Of course, all chances are there and open, nothing perfect, the coins that now look good will be refined with another coin. but it seems like it takes a long time to replace bitcoin because bitcoin market cap is currently the largest.

None of the existing altcoins will have any significant impact on Bitcoin!
This is whisful thinking. None of those will replace Bitcoin.
The big money is moving into Bitcoin right now. With big money I mean the Wall Street and the institutional money.
Bitcoin will continue rising like crazy. Most alts will act like penny stocks imo. They are mostly used to make more Bitcoin with it.
They will rise in terms of USD. But most of them will continue to lose against BTC, with some up and down swings of course due to natural market behaviour.

I WANT TO BELIEVE! And I am still a believer in BTC - however:
Last Sundays BCH Attack far exceeded anything I could have imagined.

What if the next pump is even stronger? And the one after that?

One day => BCH Flippening?

Dont get me wrong I am in NO WAY trying to promote Bitcoin Trash here. I HATE that centralized pseudocryptocurrency bullshit.

I am also one of the believers of bitcoin and i am also worried about the recent happening Iike somebody is trying to manipulate the pump of certain coin, i am trying to keep calm and think it in a positive way that btc will certainly recover, and btc is back now.

I just realized how the reign of BTC is even manifested in our language.
The fact that we have "Bitcoin" and "Altcoin" - implying they are just an alternative of the original (which is true) - the fact also (others mentioned it here before) that BTC is used on bittrex and others as store of value like EUR or USD. It all looks like a "Kneel before the King" situation.

However, one of his subjects has been especially naughty these days. and should be punished by death in my opinion.

Uhm okay but i think that alt do not have chance at all against bitcoins because they are using the same technology as bitcoin but i do know that you can even make more profit with altcoins then with bitcoin it does depend on how much you have of one.

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Board Economics

Re: Which country will be the first to legalize Bitcoin?

JacksonMonroe

on 16/11/2017, 09:59:46 UTC

I think it is already legalized in my country because if i want to cash out some coins then i need to pay tax for the amount and also i can pay at a lot of things with my bitcoins already so i am actually very happy that my country is so far.

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Board Bitcoin Discussion

Re: Is bitcoin is making this world a better place?

JacksonMonroe

on 16/11/2017, 09:55:11 UTC

Yes because people who are not able to work can finally support their family because of bitcoin it gives them a new life because all they want is to take care of their family but they just are not able to work and that is why bitcoin makes everything better.

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Board Speculation

Re: Am I late ?

JacksonMonroe

on 14/11/2017, 12:02:59 UTC

No you are not late no one is ever late i also joined just this month and i also thought i was late but we are not late we are actually early here because we do not know what what to invest and stuff but we can learn and after you learn it is enough.

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Board Economics

Re: Being a Smart Person or Strategic

JacksonMonroe

on 14/11/2017, 11:58:32 UTC

I think smart person is the best because if they are smart they do not even have to try trading because they already know how everything works that is how smart they are so they already had a plan how they would sort everything out and fix everything.

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Board Economics

Re: If Bitcoin had a stable price, would it still be as popular?

JacksonMonroe

on 14/11/2017, 11:50:02 UTC

Quote from: Loremipusum on November 14, 2017, 10:47:10 AM

Quote from: NovaNewbium on November 09, 2017, 09:27:06 AM

Quote from: Emitdama on November 07, 2017, 10:49:41 AM

Quote from: Mr.john on November 05, 2017, 05:27:38 AM

Quote from: millgates on November 01, 2017, 09:22:34 AM

Quote from: TitanGEL on November 01, 2017, 05:58:36 AM

Quote from: soilwork79 on November 01, 2017, 05:27:10 AM

Yes, if bitcoin had a stable price, it would still be as popular as it's today now. People would see a better currency than fiat with alot more benefits and if its stable theres nothing to lose.

Yes! I agree to you. The reason why the bitcoin is so popular today is because it has a stable price. Many people are now entering the cryptocurrency world because of the bitcoin.

Actually people are entering the cryptocurrency world because of the price of bitcoin that keep increase, so they see that they can get profit by earning bitcoin and altcoin. But yes, bitcoin will be still popular because the merchant will not afraid to adopt bitcoin anymore.

Yes, it's true people are willing to enter the cryptocurrency world, and for them they are hoping a high price and to get a lots of profit when they were earnings, For example in bitcoin, if the price was so high and it is stable for a long time most of people are become willing about it specially to all bitcoiners and by the stable of high price, I'm sure bitcoin will become popular among all of the other cryptocurrency. In additoin, if the price of bitcoin was stable continuously, i believing that there are so many people are invest thier money, and they grab the opportunities. And finally, bitcoin will become popular because of it's stable price and people are taking it because of money. So it is better that bitcoin was have a stable price.

First thing is there is no possibility for bitcoin price that it can be stable on one place and secondly bitcoin is related with market trade and its price is related with trade also so its out of question that bitcoin price can be stay on one place because day by day bitcoin is going to improve his trade with world and its going to progress every day.

I agree with you bitcoin can never have a stable price if it was so it would be at the start of bitcoin and not right now i would say it is going to keep growing and keep growing and even if it goes down it will grow again it would never be stable.

I agree with you bitcoin is something that does keep growing after it went down a little take the attack from last 3 days it went down to 5k and it is back again at 6.5k i believe it can even go better than this so i would say invest!

Yes you are right but i personally think that it would not be popular at all if it had a stable price because it is very unstable why would someone invest in something that is stable no one could make profit out of that and people invest to make profit.

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Board Bitcoin Discussion

Re: Do you think Bitcoin will survive after 100 year ?

JacksonMonroe

on 14/11/2017, 11:45:06 UTC

No i do not think so because bitcoins will be mined in 2040 everything will be done than and no one will know what would happen to bitcoin after that i have a weird theory of satoshi revealing him or her self then but i am not so sure about that.

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Board Economics

Re: Bitcoin vs Ethereum after 5 years?

JacksonMonroe

on 14/11/2017, 11:41:05 UTC

I believe ETH will surpass bitcoin because their technology is already better than the technology of bitcoin and i believe it can even go better than that and i even think bitcoin will go down eventually and ETH will be on the top forever.

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Board Bitcoin Discussion

Re: At what price are you going to start buying bitcoin again?

JacksonMonroe

on 13/11/2017, 17:16:41 UTC

I am going to buy it again at a price of 3k i do not think it will ever reach that price but i do know i will buy then because it is too expensive right now and i do not earn enough t keep buying bitcoins over and over again i need to take care of myself too.

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Board Economics

Re: The dream of getting rich with bitcoins

JacksonMonroe

on 07/11/2017, 10:38:43 UTC

Yes it can happen because bitcoin is growing and if you bought 1 at a small price you can have a feast of 400% profit that is how this is going right now i bought all of mine at 1000 dollar and now it is 7.5k for one.

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Board Economics

Re: Should I stop Buying BTC?

JacksonMonroe

on 03/11/2017, 10:00:45 UTC

Stop buying bitcoins when you think you have enough to make a good profit. Buy always when bitcoin is falling hard. They will sell their coins and you would buy them easily.

Thats what i do mostly i buy their coins and save them much as i can.

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Board Speculation

Re: Is it too late to buy bitcoin?

JacksonMonroe

on 02/11/2017, 10:30:56 UTC

Quote from: degaga15 on November 02, 2017, 10:01:47 AM

seen from the month of August bitcoin reached $ 5200 and now about $ 6959 it shows bitcoin prices are still rising, end of prison may cost $ 8500.I think so, therefore for now it is not too late to buy, because it could be the future.

Yep i know that its still rising, but it is not yet too late for buying bitcoins. If you buy it now you can have a profit in the future if it goes to 50k ofcourse. I had invested when it was 3k.

Bitcoin was at a price of 3400 dollar when i invested in it because it was falling. So I am lucky actually.

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Board Economics

Re: Do you think billionaires invest in BTC?

JacksonMonroe

on 30/10/2017, 10:07:40 UTC

They have already invested they are not dumb they are rich so they do not care about their money they have a lot money. I also think that they are gaining more money from bitcoin.

So they are getting richer and richer while we are fully focused on bitcoin.

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Board Speculation (Altcoins)

Re: If you have now 500$ for invest? Where you invest?

JacksonMonroe

on 26/10/2017, 09:45:55 UTC

Quote from: PranDoW on October 26, 2017, 08:24:29 AM

Quote from: waks2014 on October 26, 2017, 08:16:24 AM

That is a very very small amount of money if you want to invest in cryptos, i would suggest one thousand at least. I am going to invest in some icos next week, i have $1k budget to diversify in a few ico's that i trust. I have read a lot about them and i am convinced that i want to invest some part of my money in there. Maybe they make a huge return in a near future, maybe not... Nobody can predict the market

You can start your investment with less than 100$. Anyway better is trading you can get more profit and get it faster.

Yes thats true i didn´t even invest in coins, because you can also earn them. Why not earn them instead of paying. I want to play it safely, but i did buy some coins after all xD.

I would invest now in bitcoin because that is the main coin and the best one for me.

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Board Bitcoin Discussion

Re: What do you think about others altcoin than Bitcoin

JacksonMonroe

on 24/10/2017, 14:33:29 UTC

Well they can be worth a lot if they are pumped so i hope that they will pumped up. I have already invested in Litecoin i hope that it will rise in the future in price.

I had invested in Dogecoin but i saw that it was a joke coin so i converted them to Bitcoin.

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Board Economics

Re: If you have a lot of bitcoin, should you spend it or save it?

JacksonMonroe

on 12/10/2017, 10:08:08 UTC

Quote from: jostorres on October 12, 2017, 04:24:35 AM

Quote from: IAMYOURLEADER on October 09, 2017, 11:56:12 AM

The smartest thing to do right now with bitcoin is to save it. I know everyone will agree with me because we all have the same goal which is for btc to reach an all time high that is $10k or more than that. It's just unreasonable for me to use btc to buy things which I can buy using fiat.

Honestly, there is just more urge now to keep saving as much as possible than to even spend. With the level bitcoin is rising up to, even those with 0.1BTC will still have something to be thankful for later on.

However, there are so many ways one can use it to get more of it rather than just leaving it in the wallet but that depends on each person's level of risk and I am not talking about ponzi schemes or HYIPs please, I am referring to legitimate ways of working hard with what you have.

Yes i agree even if you have not so much bitcoins you would have a more money not a small one but a big one. Some people can't just leave their bitcoins. They will sell them.

I was also this person, but i have learned my self to not sell them.

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Board Speculation

Re: Is it too late to buy bitcoin?

JacksonMonroe

on 10/10/2017, 13:58:56 UTC

It is not too late to buy some bitcoins. You can see that bitcoin is at the moment rising it was 3200 dollars a month ago. Now it is 4450 dollars worth if you had invested then you would have some profit. I have invested in bitcoin so I have now more money I am waiting to bitcoin to hit 10k dollars. I would have a lot of money.