Search content
Sort by

Showing 20 of 25 results by Loremipusum
Post
Topic
Board Beginners & Help
Re: Should I Be Scared Of Hackers If I Have Lot of BTC.
by
Loremipusum
on 24/11/2017, 10:17:00 UTC
I think yes you should be scared of hackers if you have a lot of BTC because why are hackers going to hack someone with 1 btc instead of someone with 1000 btc that seems sensible enough for me that they will hack the one with 1000 btc.
Post
Topic
Board Bitcoin Discussion
Re: Convincing people about Bitcoin
by
Loremipusum
on 14/11/2017, 11:01:12 UTC
It is harder than i thought because i tried to explain it to a couple of friends and also my family but they do not understand i wonder how i understand it i just went into it and tried something out but they do not even want to do that i do not know why.
Post
Topic
Board Economics
Re: The best time to invest.
by
Loremipusum
on 14/11/2017, 10:56:08 UTC
There is no best time to invest because it is just not possible to guess the best time to invest no one knows when you need to invest because no one knows when the price will go down or up so i believe it is not something like this.
Post
Topic
Board Economics
Re: If Bitcoin had a stable price, would it still be as popular?
by
Loremipusum
on 14/11/2017, 10:47:10 UTC
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 it’s 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 it’s 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!
Post
Topic
Board Economics
Re: How to teach kids about Bitcoin?
by
Loremipusum
on 13/11/2017, 16:35:47 UTC
I always said that combining games and bitcoin is a very smart thing to do but people do not believe me because this way we can reach a lot of kids and a lot of teenagers who are into gaming and then they will start to invest or even earn bitcoins too.
Post
Topic
Board Economics
Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?
by
Loremipusum
on 13/11/2017, 16:26:29 UTC
Bitcoins were designed to be – and, in many ways, are – the perfect digital currency: they’re frictionless, anonymous, and cryptographically astonishingly secure. For anybody who’s ever suffered the incompetence of a bank, or bristled at the fees involved in just spending money, either domestically or abroad – that is to say, for all of us – the promise of bitcoin is the holy grail of payments. Especially since, to all intents and purposes, bitcoins are invisible to law enforcement and the taxman.

Those strengths are also weaknesses. No one wants to risk losing millions of dollars worth of currency overnight, just because they were outsmarted by some computer hacker.

Chances are that governments will want to control monetary policy "manually" (politically), as opposed to let math do the decisions for them.

That would mean for governments to give up the crucially important power to willfully control wealth distribution.

I see this part by far the biggest hurdle in the future of Bitcoin.

Although the political slogan in all developed countries is "free market economy" - it is only free, as long as the political elite is free to set the rules. Including monetary policies.

The technical ingenuity of Bitcoin is that it is a platform, that allows to bypass this nation state government power and control, by connecting citizens directly, anywhere around the globe to vote about the price of a mutually accepted, therefore existing currency, that they can use among each other to trade goods and services - purely on the value that is determined across the globe, real time, by them, the participating individual citizens.

The implication of this is hard to overestimate.

Bitcoin is the first mover in the market and there is no reason to believe that Bitcoin will not be a leader over the next decade because the growth of this market has inherent positive feed-back loops.

As the market grows in size the developers who believe in the durability of Bitcoin in the long term have more funds, and time to invest in technological improvements.


I agree with you it will be the leader because it is the first but also it is the most expensive coin and another thing i do not believe that it will be known by everyone in 2022 it is too fast that in 4 years everyone will know about bitcoin that cannot happen.
Post
Topic
Board Bitcoin Discussion
Re: Losing faith in BTC...
by
Loremipusum
on 13/11/2017, 16:20:28 UTC
Why lose faith just because it goes down for a while? you need to be happy because in that time you can buy a lot for later i bought a lot last night when it was so cheap i believ it was 5k and right now it is 6.5k i already have a lot of profit.
Post
Topic
Board Economics
Re: Make money from money
by
Loremipusum
on 13/11/2017, 16:15:24 UTC
If you invest in bitcoin then yes money makes money but it is not as hard as it seems like because bitcoin is very unpredictable and i believe that if we just believe in it we can achieve a lot of things like becoming a millionaire easily.
Post
Topic
Board Economics
Re: 1Bitcoin as a gift from someone
by
Loremipusum
on 07/11/2017, 10:28:09 UTC
That would be great i would immediately buy a second hand car with the money and keep some to invest in other altcoins that i am also following at the moment it is very important to follow them so you know what happens next.
Post
Topic
Board Bitcoin Discussion
Re: interest in bitcoin is increasing
by
Loremipusum
on 06/11/2017, 09:50:57 UTC
Yes because people are more starting to know about bitcoin since its price increased to 7.5k dollars people want money fast and they see that this is the fast way so they start but they should have started way longer i think.
Post
Topic
Board Economics
Re: Would bitcoin help teach kids about saving?
by
Loremipusum
on 03/11/2017, 09:48:03 UTC
It will surely help kids understanding about saving. They will understand at a young age that saving can give you a lot of things and much better then not saving something.

Kids will i think have a little problem understanding bitcoin, but they will know that saving is the best one with this.
Post
Topic
Board Altcoin Discussion
Re: Ethereum, Litecoin or Bitcoin
by
Loremipusum
on 02/11/2017, 10:16:31 UTC
Bitcoin always 10 steps ahead.
20x difference between best altcoin.
It's not difficult to choose.

You can say that again, bitcoin really is in dominance when it comes to any Cryptos out there, you can pick all of them when particularly trading but bitcoin will remain on the top of the food chain, but if this is all about Altcoin then I prefer Ethereum all over other Altcoins, you can see that it has a potential not to overtake bitcoin but to be on a best of all of them out there.

Bitcoin is very dominant as you have said. I think because its the first coin so people will trust this coin better than some jokecoins. Bitcoin was also my first coin so i 100% believe in it.

ETH and LTC are not so bad coins. I had ltc once i converted to btc because i wanted more bitcoins.
Post
Topic
Board Bitcoin Discussion
Re: is it risky to turn all my money to bitcoins?
by
Loremipusum
on 31/10/2017, 10:33:53 UTC
It is maybe better because you don't have to pay a lot of taxes then. If you cash out 3 times you need to pay a lot more taxes, but if you do it in 1 time you can get more money.

Sometimes it is even better to not cash out and just to save your coins.
Post
Topic
Board Economics
Re: Do you think billionaires invest in BTC?
by
Loremipusum
on 26/10/2017, 09:36:12 UTC
I just always wonder if those billionaires still invest in btc. Do they even know btc exist?

Yeah, I think so. They have a lot of money even they invest 1/4 of their money, they got nothing to lose right? And it is a good investment. It is a good choice to invest in Bitcoin, you know how Bitcoin is doing in the past months. It is good. Really good.

I agree that they have a lot of money so they can just spend it. They know that some people have become rich in investing in bitcoin. So they have already invested they are getting now more money.

We must do that also in order to become rich invest in bitcoin and save it for 5 or 10 years. It will be worth a lot.
Post
Topic
Board Altcoin Discussion
Re: How to make your own choice in investing?
by
Loremipusum
on 24/10/2017, 14:25:30 UTC
Look for trust able coins don't invest in some scam coins or a joke coins that are made for no reason. Invest a little bit first to check if its trust able and if you can make a profit.

Investing in altcoins is now a weird idea because a lot of people have made a great profit from it, but only from investing in the good coins.
Post
Topic
Board Economics
Re: DON'T DO PANIC SELLING !!!
by
Loremipusum
on 23/10/2017, 08:47:59 UTC
They need to study what bitcoin is. Than they would know what bitcoin actually is. BITCOIN IS UNSTABLE. This is why it can drop very hard and that it can go very high in one week.

For an example bitcoin was nearly 5k worth but in one week it fell to 3k. This means that its unstable.
Post
Topic
Board Bitcoin Discussion
Re: How to earn Bitcoin without investment
by
Loremipusum
on 13/10/2017, 09:24:07 UTC
The best way to earn bitcoins without any investment is by joining signature and bounty campaign where you will get paid fixed amount of bitcoins depending on your rank and once you have earned you can start investing those bitcoins in different altcoins to increase the level of your coins in quick time and if you have any specific skills then you can offer your services on this forum and can receive payment in bitcoins.

Yes this is for if you have a high rank like you. Who have put time in bitcointalk mostly for money instead of doing other things. If you are a beginner you should claim from faucets thats what i also did.

It gives you bitcoin every day it would be wise to do this so you can have a little bit bitcoin. With this you can understand what bitcoin is and how you can do things with it.
Post
Topic
Board Economics
Re: Mining coins save or sell it?
by
Loremipusum
on 12/10/2017, 10:01:01 UTC
I am currently holding my coins what i have mined. With my cpuminer it is not much but i think that bitcoin will double so it is worth to not selling them.

I will buy a good gpu for mining if i made my profit in the future. This will allow me to make more money.
Post
Topic
Board Bitcoin Discussion
Re: regret by not believing in BITCOIN?
by
Loremipusum
on 10/10/2017, 15:09:02 UTC
I regret by only knowing about bitcoin for like a month. Because i probably would have invested in bitcoin a long ago and made a huge profit by now. But i think the bitcoin value will one day rise to 10000 so that is why i still invest in bitcoin.
Post
Topic
Board Altcoin Discussion
Re: Korea Gov. will ban all kinds of ICO
by
Loremipusum
on 02/10/2017, 09:16:22 UTC
hope this madness doesnt reach india and get cryptos banned here

Yes but that would be awesome, because bitcoin will then fall very hard to 1000 dollars something like that. If that happens the dumb people will sell their coins in order to save their money they think. But the smart ones will save their bitcoin. Bitcoin will hit 50k dollars i would then be rich. Yes