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Showing 10 of 10 results by John_Jennings
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Board Economics
Re: Cryptocurrency is a trending topic all over the world?
by
John_Jennings
on 30/08/2018, 19:41:16 UTC
yes there is a hot debate on this topic all over the world. In my country too. People are evening holding small meetings to discuss the future of bitcoin and trying to find ways to work together to increase their chances of becoming successful in the crypto currency investment game. it is also trending with in the government in many countries , where some have even prohibited the use of bitcoin until they have more information on this subject or they ae waiting  to see what other are going to do
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Topic
Board Off-topic
Re: Reason why you dont give up on life?
by
John_Jennings
on 25/08/2018, 04:34:03 UTC
the reason why I dont give up on life is that I believe that their is something great that I have to do in this life. I come from a middle class family but we my parents and grandparents did not save or were not that financially considering the future, so now their children and grandchildren  have to start from scratch, I mean that we are renting, having to take out mortgage's from the bank, buy cars on credit and so on. So I want to start a new circle where kids and grand kids are supported by parents.
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Topic
Board Marketplace
Re: Why the market is falling and why not be afraid
by
John_Jennings
on 24/08/2018, 04:41:07 UTC
the market is falling because the price of bitcoin has hit an all time high in the history of its performance, while this is normal and good growth in the product, it has started going down because all of the confusion around bitcoin. Because people have it and then keep it to make a profit, but many people are asking what is its practical use in the real world. And then is when the prices started to drop. I think when new technology will be developed to assist in using and transferring bitcoin just as any other world currency, then we might see the prices surging to new heights again.
Post
Topic
Board Economics
Re: Does engaging with bitcoins put you at risk?
by
John_Jennings
on 22/08/2018, 02:46:14 UTC
I think that if you really do good research and are careful with your money and you really know what you are doing, with a sound plan, then bitcoin can  be  a  good  place to start  to make some money and  then get richer from there. Bitcoin is  not like gambling  where its purely  by chance and the odds are against you,  but if you plan well and have a  good strategic plan and plan to  hold on to your investment for   as long  as possible  then bitcoin  might work  very well for you. It is no different  then  all the  other investment  products  out there.
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Topic
Board Bitcoin Discussion
Re: When you think of currency what will come to your mind?
by
John_Jennings
on 21/08/2018, 02:12:24 UTC
well this is a very  interesting  question  because when  i think of the  national  currency as the moment, what comes to my mind  is the US dollar because I have  been to many countries  and it is  no problem to  go there  and then exchange i to the national currency. when I think of digital currency of course bitcoin comes  to my  mind, and I guess it is  the same case  for many other people when they think about the digital currency because bitcoin in all discussions and memes and advertisements are being used as the image  to present  all other types of digital currencies   .
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Topic
Board Beginners & Help
Re: Beginners with small amounts of money
by
John_Jennings
on 07/08/2018, 02:30:21 UTC
Hello everyone
After a period of research into the virtual currency market, I now want to invest in this virtual currency market. But with a small amount of money, how should I start and should invest in Bitcoin or another coin. Hope people show me a reasonable solution
Thanks very much.
The best choice is bitcoin and bitcoin cash for me now. But if you are interested in other coins, then only you should make a choice. This is your money and your risks.
The main thing, remember, you do not need to buy a coin when it reached the peak value. Wait until the coin becomes the cheapest one in the last time and invest only after that. In the case of large projects, it is also very important to follow the news about the development companies. It should be remembered that in the market any events can affect the course.

Also, you should not forget the basic rules of safe investment. Try not to invest the last money that you can not afford to lose. It is not recommended to invest the entire amount in one currency, because this increases the risk of losing funds. Fill your investment portfolio with a large number of currencies to protect yourself and increase your potential income.
I wish you good luck!
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Topic
Board Beginners & Help
Re: What are Bitcoins worth
by
John_Jennings
on 02/08/2018, 00:35:27 UTC
So i am new to this so i want to know what are bitcoin worth? What can you use them for? Where can you mine them? And can you turn them into cash?
You can use bitcoin and other crypto-currencies as an investment or engage in trading. For me, the first option is preferable. I'm sure that blockchain is the technology of the future, and bitcoin will become the main currency of the world.
Through the Internet with the help of crypto currency you can buy goods, pay for services, travel the world, receive education and buy real estate.
Every day more and more large companies and start-ups, wholesalers and retailers take Bitcoin for payment.
Bitcoin as a payment system strengthens its position. The advantages and possibilities of the technology are appreciated not only by crypto community, but also by ordinary Internet users; large monopolies and entrepreneurs see it as an opportunity to expand their influence and increase profits.
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Topic
Board Bitcoin Discussion
Re: Bitcoin situation
by
John_Jennings
on 01/08/2018, 02:40:38 UTC
90% of those who are talking about death of bitcoin are the same people who are trying so hard to buy bitcoin when it drops a small 5% so that they can accumulate a tiny bit more.
The rest 10% are the newbies who fall for the 90% FUD and are scared of the situation.

Agree with you. Basically people who do not understand the essence and principle of the operation of blockchain technology criticize bitcoin. I think that the media is helping people to treat bitcoins with distrust. Too much talk about money laundering, fraud etc. Of course, any instrument can be used both for the benefit for person and society and for damage. Bitcoin can change the global ecomonics and people who are interested in everything remaining as they are doing everything to disqualify bitcoin.
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Topic
Board Bitcoin Discussion
Re: The primary idea of bitcoin
by
John_Jennings
on 31/07/2018, 02:44:34 UTC
Hello,

I would like to discuss about the primary idea of bitcoin of Mr. Nakamoto. Was he a/is he a person who wanted to make world better place, to take from rich and give to poor, to create new elite? What I am linking to is that at the moment large mining farms, bitcoin visioneers who started in early 2010-2013 now have most of bitcoins and sad (my oppinion) truth is that they will keep growing than most of society stays in poverty.

I think it is socially incorrect situation as it is because I think primary and main idea of bitcoins was to make world a better place to live, to shorten gap between rich and poor, educated and non educated people...

And finally happened what happened, rich got only very small percentage, while others live as they lived before...

What is your oppinion? What was real primary idea of bitcoin? Are we on a right way as Nakamoto visioned?
The main value of the blockchain is decentralization and independence. I also think that Bitcoin's idea was based on the desire to create not just another "piece of paper" that represents real money, such as gold, but an analog of gold itself. Take those properties of gold, through which it is the ideal money, and make an electronic currency based on them.
Once Bitcoin is on the market, its value is determined solely by the level of trust in the system. The more people trust, the more Bitcoin will be bought, the more dollars will be invested in it and, as a consequence, the more expensive Bitcoin will be.
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Topic
Board Off-topic
Re: Have we lost the power to control our futures?
by
John_Jennings
on 27/07/2018, 01:39:32 UTC
It doesn't seem like anything these days is in the interest of the people. Has it slipped through our fingers? Can we ever take it back other than through violence?
Ancient wisdom says that you need to have the power to influence what you can change, to understand that there are things that you can not influence and it is necessary to have the wisdom to distinguish these things.
Our future is in our hands. I mean that we have the opportunity to study, change the profession, the sphere of activity, to earn money etc.
But we have very little influence on the future of mankind. But this is not news. It was like that at all times.