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Showing 20 of 44 results by JonahCallan
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Board Economics
Re: Puerto Rico Bankruptcy
by
JonahCallan
on 30/09/2017, 09:31:24 UTC
Bankruptcy won't be an easy process. A judge still has to approve it. Many prominent Wall Street firms own Puerto Rico's bonds. They are angry about the bankruptcy filing because they fear now they won't get paid back all the money they are owed. The island's financial crisis is so bad that Congress installed a Fiscal Oversight Board to call the shots last year. The board stopped trying to negotiate with creditors this week and filed for bankruptcy.
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Board Economics
Re: What don't you like about Banks and Banks controlling your money
by
JonahCallan
on 30/09/2017, 09:27:32 UTC
Credit card fraud is an extremely (to stress), small proportion of total credit card transactions. The card issuing entities all offer zero fraud liability, even on debit cards. There are millions of transactions every day and fraud loss just isn't worth developing, and supporting, an additional authentication layer that faces the consumer.
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Board Economics
Re: How do you distinguish a BULL from a BEAR market?
by
JonahCallan
on 30/09/2017, 09:22:19 UTC
In a bull market, investors should take advantage of rising prices by buying early and then selling later when the prices have reached their peak. During a bull market, investors can invest in more equity with a higher probability of making a return. In a bear market, the chances of loss are greater because prices are continually losing value. Investors are better off short selling or making safer investments, such as fixed-income securities.
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Board Economics
Re: A beginner's guide for investing in Bitcoin & Altcoins
by
JonahCallan
on 30/09/2017, 09:18:20 UTC
As the tech literacy of the population increases, acceptance of crypto as a legitimate store of value follows, and it boomed. Titles along the lines of ‘Bitcoin price hits new all-time high’ and ‘Ethereum price surges’ are starting to perforate the general public’s news feed. What we know for sure is that people who were once skeptical of Bitcoin and the technology behind it are slowly understanding and getting increasingly involved with crypto. Check out coinmarketcap for the tabulation of various coins’ market cap and price. Check out cryptowat for the prices of popular coins across different exchanges. Check out the respective coins’ subreddits for available news and market sentiments.
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Board Economics
Re: About world crisis and criptocurrency
by
JonahCallan
on 30/09/2017, 09:14:07 UTC
When — and not if — a global currency crisis does occur, however, many Bitcoin users believe that the decentralized, border-less, peer-to-peer, and open-access digital currency can serve as a life raft in an ocean of financial calamity. Furthermore, recent global financial system “stresses” such as Brexit, Bank of Japan’s helicopter money plans, and China’s bubble economy are also often accompanied by Bitcoin price upticks. But Antonopoulos doesn’t see this as a positive sign in an event of a full-scale collapse of the global monetary system.
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Board Economics
Re: Bitcoin to be international currency
by
JonahCallan
on 30/09/2017, 03:09:19 UTC
Bitcoin is a peer-to-peer system without a central, government hub. Therefore, it has caught the attention of people who distrust their governments. Unlike traditional currencies, Bitcoin is immune to manipulation by unscrupulous governments.
In countries with unstable currencies, bitcoins may be a comparatively safe place to store one’s money.
For more businesses accepting Bitcoin, you can search for online and brick and mortar businesses that accept Bitcoin. You can find businesses anywhere in the world by category.
With enough adoption, Bitcoin could become the preferred currency for global travelers.
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Board Economics
Re: Cryptocurrencies and its political nature.
by
JonahCallan
on 30/09/2017, 03:04:21 UTC
While cryptocurrency has been hailed for its potential in the financial sector of the developed world, one of its greatest applications has been virtually overlooked. In nations that lack dependable economic systems or governance, digital currency may offer hope. Access to finances, security and privacy of funds, and faith in a common medium of exchange can aid many across the globe.
Government-sponsored virtual currency does not afford the protections of non-fiat virtual currency. Conceivably, a government could control wallets, coin distribution (and taxes), and even entire blockchains. Bowing to the auspices of conventional political structure is not the goal here. Otherwise, the digital world faces the same constraints as its tangible counterpart (paper money).
All populations, especially those that are disadvantaged, need a way to maintain access to their wealth from anywhere in the world. Imagine if a refugee was able to access a bank account even after being displaced from their home country. This could help maintain the refugee’s dignity and hopefully diminish the extreme poverty caused by this terrible upheaval.
This is the unrealized potential of virtual currency. In a nation where political activists are jailed, or inflation runs rampant, non-fiat virtual currency may offer an escape.
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Board Economics
Re: Bitcoin has gone beyond gold prices
by
JonahCallan
on 30/09/2017, 02:58:59 UTC
Bitcoin is more attractive than gold to investors even before the SEC cast its vote on the ETF. It is evident the era of digital assets is upon us, and bitcoin will play a prominent role in the process. All eyes are on the cryptocurrency world right now, even though no one knows for sure where the price chart will be heading next. These are exciting times for the bitcoin community, that much is certain. It appears the bitcoin price continues its bullish path which started during the second half of 2016. Although there have been a few stumbles along the way, bitcoin continues to set higher prices every month. It is evident other traditional assets have a problem keeping up with the bitcoin trend right now. Gold has been stumbling a bit as well, even though it will always have a specific appeal to investors worldwide.
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Board Economics
Re: Do You Think Bitcoin Will Replace Dollar Soon?
by
JonahCallan
on 30/09/2017, 02:55:44 UTC
While bitcoin has been dubbed as the worst investment for last year, many enthusiasts still believe that the cryptocurrency can surpass fiat currencies as the main mode of payment around the world. Its scarcity and the use of the blockchain are its defining features but it could also be it source of weakness. Can bitcoin really replace the U.S. dollar or other currencies at some point?
Fiat currencies draw their value from being backed by assets or by central banks. In contrast, bitcoin draws its value from scarcity in that there are only a limited number available in circulation or from mining operations. Bitcoin is not dependent on any change in value of underlying assets, such as gold or silver, but is backed by the basic market principles of supply and demand.
Using bitcoin can transform the global payments arena into an open-source one, which means that its increased adoption can also drive up its value. More and more online merchants and large companies are opening up to the idea of accepting bitcoin payments while clients are also enjoying better transparency, lower costs, and quicker transactions on these.
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Board Economics
Re: Why we should fear a cashless world
by
JonahCallan
on 30/09/2017, 02:47:31 UTC
We already live in a world that is, as far as the distribution of wealth is concerned, about as unequal as it gets. It may even be as unequal as it’s ever been. My worry is that a cashless society may exacerbate inequality even further. In a world without cash, every payment you make will be traceable. Do you want governments (which are not always benevolent), banks or payment processors to have potential access to that information? The power this would hand them is enormous and the potential scope for Orwellian levels of surveillance is terrifying.
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Board Economics
Re: China will become Super Power ?
by
JonahCallan
on 30/09/2017, 02:44:42 UTC
The word "superpower" can be a bit nebulous, but let's just assume it means the combination of economic and military might.  If this is what we refer to as a "superpower" then, unless we see something really diverting happen within China, pretty soon.  Next ten to fifteen years.
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Board Bitcoin Discussion
Re: Should Bitcoin even have a future?
by
JonahCallan
on 29/09/2017, 15:50:35 UTC
There’s a number of reasons why cryptocurrencies are so inherently popular. They are safe, anonymous and utterly decentralized. Unlike conventional currency, they are not controlled or regulated by some singular authority, their flow is determined entirely by market demand. They are also nigh impossible to counterfeit, thanks to the paranoidly complicated code system that encrypts each and every transfer, ensuring complete anonymity and utter safety to each and every user. They even make for a genuinely rewarding, if risky, investment endeavor, despite the fact that any financial advisor in their right mind will caution you against them. Therefore, despite the admittedly high stakes that this sort of dealing entails, not to mention the lack of any government agency to lend credence to them, cryptocurrencies can only thrive and multiply.
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Board Bitcoin Discussion
Re: Is Bitcoin digital gold or digital cash?
by
JonahCallan
on 29/09/2017, 15:46:14 UTC
Proponents of Bitcoin as ‘digital cash’ place more emphasis on the accessibility aspect, arguing that its transaction fees should be low, whereas proponents of Bitcoin as ‘digital gold’ are more focused on its security, arguing that this should not be compromised by efforts to lower costs.
In my opinion Bitcoin is and will be both: digital gold and digital cash.
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Board Bitcoin Discussion
Re: What happens if BTC gets regulated?
by
JonahCallan
on 29/09/2017, 15:37:48 UTC
Globally there is no clear consensus for Bitcoin regulation. The bottom line is across the world there is no clear consensus on how to regulate the peer-to-peer cryptocurrency. The fact of the matter is it will be a continuous uphill battle for bureaucrats. It’s been eight years with people doing what they want with their wealth, and bitcoin technology has enabled this. However, that doesn’t mean governments will stop trying to enforce regulations. In fact, the nation-states will try harder as each, and every one of them will feel bitcoin’s economic disruption.
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Board Bitcoin Discussion
Re: How much risk in bitcoin investement ?
by
JonahCallan
on 29/09/2017, 15:30:25 UTC
The total number of Bitcoins circulating in the market by 2040 is only about 21 million, but so far the total number of Bitcoins in circulation is 16.4 million, with a market capitalization of about $ 45 billion. Every day Bitcoin value is traded in the world about 1.8 billion USD (10 times more than trading on Vietnam stock market).
That is why so many big investment funds are investing Bitcoin and are approved to pay at hundreds of thousands of businesses in many countries. If Bitcoin virtual currency has increased three times since the beginning of the year, it will bring huge profits to players. As compared to the first trading date on September 5, 2009 with a starting price of 1 Bitcoin = $ 0.00076, less than 9 years, this virtual currency has increased by 3.5 million times.
The numbers show that Bitcoin is developing very strongly and the trend is rising fast in the long run. Unlike other commodity currencies, the rise or fall in prices is more relevant to the real economy, while Bitcoin increases and decreases mainly depending on the speculation, the extent to which the real economy is not large. . So for individual investors, investing in Bitcoin is extremely risky because of the volatility of the virtual currency.

Bitcoin is not controlled by any government or individual, you should think about if some major powers like the US or China abstain Bitcoin (probably for reasons like money laundering, drugs etc.). ), the closure of the floor based in the country, Bitcoin prices will fall like? If belief no longer, Bitcoin will become meaningless no less. If you think it is unaffected, think about how many Bitcoins the lot of investors on the floor are confiscated, how other players will feel about their money.
Most recently, a longtime Bitcoin operator, BTC-e.com, has been shut down by the FBI, which still has information the floor owners are trying to rectify and compensate investors, but is now More than a month, and investors are still waiting.
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Board Bitcoin Discussion
Re: What do you like best about bitcoin?
by
JonahCallan
on 29/09/2017, 15:23:51 UTC
It’s fast: When you pay a cheque from another bank into your bank, the bank will often hold that money for several days, because it can’t trust that the funds are really available. Similarly, international wire transfers can take a relatively long time. Bitcoin transactions, however, are generally far faster.
Transactions can be instantaneous if they are “zero-confirmation” transactions, meaning that the merchant takes on the risk of accepting a transaction that hasn’t yet been confirmed by the bitcoin blockchain. Or, they can take around 10 minutes if a merchant requires the transaction to be confirmed. That is far faster than any inter-bank transfer.
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Board Bitcoin Discussion
Re: Getting porn sites to accept bitcoin
by
JonahCallan
on 29/09/2017, 15:21:28 UTC
Nếu có một nhà sáng tạo nội dung khiêu dâm lớn mà mọi người đều biết, nó phải là Naughty America. Công ty này đặc biệt đã được khoảng từ năm 2001 và tiếp tục mang chất lượng nội dung người lớn cho ngành công nghiệp nói chung. Biết được một người chơi chính trong ngành công nghiệp chấp nhận thanh toán Bitcoin là khá đáng kể, ít nhất là nói. Bitcoin và ngành công nghiệp dành cho người lớn tạo ra sự pha trộn rất mạnh mẽ, mà không ai có thể phủ nhận.
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Board Off-topic
Re: Bitcoin is a good investment now, because...
by
JonahCallan
on 29/09/2017, 14:59:43 UTC
Bitcoin has reached all new heights, attracting the interest of investors and non-investors alike. Many people are more interested in trying to snag a piece of this crypto-currency’s astronomical gains than really enjoy the unique attributes of an anonymous digital money.
The main reason Bitcoin is so popular now is because it’s trading at an all-time high. But the real reasons Bitcoin initially become popular are because of it’s anonymous and unregulated nature. You can use Bitcoin to buy things anonymously, which has made it popular for making illicit or illegal purchases online.
Another important reason Bitcoin is taking off is many businesses are warming up to Bitcoin, both online and off, and accepting it as a form of payment for their products and services. The more companies that accept Bitcoin, the more utility it has, and therefore the more valuable it is likely to become.
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Board Altcoin Discussion
Re: People still don't get it.
by
JonahCallan
on 05/09/2017, 19:17:47 UTC
We can't please everyone , that is they're thought to NEO maybe they have some experience of the so called scam, but hope that it will not affect the crypto world.
That is very little. Now NEO is rising again. I find many users still need NEO
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Board Altcoin Discussion
Re: What are the best coins to buy?
by
JonahCallan
on 05/09/2017, 17:46:33 UTC
What are the best coins to buy?
Share your ideas everyone :-)
Thanks Cheesy

It should be Ripples and waves for me in altcoins. There are many coins that appears but these two coins are the coins that only i know in altcoins. Since this is altcoin discussion these are the coins that were known in altcoins so I just prefer these coins. And for me this are the coins that best to buy. But over all just choose bitcoins, altcoins and ethereums to be general.
you're right. First, BTC and ETH.
Then, the other altcoins. To me it's Neo, WAVES, Litecoin