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Showing 20 of 84 results by Mikejones64
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Topic
Board Economics
Re: Investing in Bitcoin? Advantages and Disadvantages
by
Mikejones64
on 03/06/2018, 14:29:37 UTC
I have read the url you posted and I find it quite useful. Now I realized I'm in the right track and I'm still beggining to invest.
Well, there are many advantage of investing but there are more disadvatages. One of the disadvantage is  you don't know when you will earn. Some tokens are not getting high. But then, don't lose hope. Wink
Post
Topic
Board Speculation
Re: What/who make the price of bitcoin
by
Mikejones64
on 03/06/2018, 07:32:00 UTC
Bitcoins price depends on the demand of the market.  If the bitcoin is limited, the value goes up, if it is many the value go down. Just like the rule of economics, the more the product is in demand, the value goes up.. If its not in demand, the prices go down. It is also like a gold, as time goes by, it's value rises.
Post
Topic
Board Economics
Re: How can we make this world economically better?
by
Mikejones64
on 03/06/2018, 04:25:47 UTC
I believe that money is the root of all evil.. I think if we just care about humanity, not luxury and money, there will be a better world. Change should start on ourselves. Honestly, if you want change the world, you should start from yourself . You should have a discipline. Think about what can you give to our society to make it better. Build a business, give opportunity to the jobless people, hire them. Something like that. That makes your life purposeful. Kiss
Post
Topic
Board Economics
Re: what is the future of virtual currency like bitcoin ?
by
Mikejones64
on 03/06/2018, 00:37:22 UTC
The future of virtual currency specially bitcoin will be a huge life changing to people. We will be having our virtual wallet on the palm of our hands. We can shop and make transactions anywhere and anytime. We can pay our electricity, water and wifi bills even if we are on our beds.
But I guess there will be bad effects in this vitual currencies.. We will be lazy to move to go to a store when we can order a food and they can just deliver it. We might be living in a sedentary lifestyle.
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Topic
Board Bitcoin Discussion
Re: Anticipation from the future ?
by
Mikejones64
on 02/06/2018, 12:23:38 UTC
I hope this world will be as one and help each other. No more hatred, no more greediness. Can we just think about the growth of each and everyone? Bitcoin has given us to make our lives better, not to make it complicated. One day, government will realise that the mission of bitcoin ia to make every person rich.
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Topic
Board Economics
Re: A cryptocurrency with volatility can't be used as money
by
Mikejones64
on 02/06/2018, 08:21:48 UTC
What you have read was not true.. It is impossible to control cryptocurrency. There is really volatility among them. Even real money currency has volatility. If what you read was true, very few will invest in bitcoin.
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Topic
Board Economics
Re: Wise thing to do with your savings.
by
Mikejones64
on 01/06/2018, 22:40:21 UTC
I guess it is wise to put your savings in an investment. And when you'll be needing them, you can just withdraw it. If you just keep your savings in your closet there, you will not earn. Or a better idea is to make a business while you are earning in another way. It's more effortful but you will earn more and save more. Kust think about being creative.
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Topic
Board Economics
Re: [ASK] How are you going to handle too much debt?
by
Mikejones64
on 01/06/2018, 15:00:15 UTC
I think  I'm going to apply in a bank loan and pay ny debt.. Because in bank loan, they have very minimum interest and they give extensions.
But I don't think I'm gonna have a debt of which I can't repay. Maybe if I badly need money, I will just ask my siblings.
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Topic
Board Economics
Re: Do we need blockchain technology?
by
Mikejones64
on 01/06/2018, 09:54:23 UTC
In blockchain technology, everyone has benefits.. When a businessman wants to promote his product, he will gonna use blockchain technology. It means when you are a member of blockchain you will promote the product in return of coins. The businessman will pay less compare to advertisement.
In advertising in facebook or twitter or youtube or even television, the businessman will pay a lot of money for him to advertise well, and only the company he who had contract of advertisement will be the only one who will benefit. So my answer is yes, we need blockchain technology.
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Topic
Board Economics
Re: Digital Money = Cashless Society
by
Mikejones64
on 01/06/2018, 07:54:09 UTC
Digital money in my country is not yet that popular but there are some stores that accept bitcoin.. Almost all commercialized business accept cards auch as paypal, paymaya, debit card, credit card, master card, cash card and visa.
It is not impossible to think that one day, our country will be a place for digital money. But I dont think that it will be cashless society. There are many poor people who don't know technology that much. They don't have even phones. That's how poor my country is.
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Topic
Board Bitcoin Discussion
Re: Do you think that other coins move faster?
by
Mikejones64
on 01/06/2018, 07:09:54 UTC

The slower the coin moves  in a market cap, the higher price it is. Bitcoin is more competitive than ever, that is why it slows down.
There are lot of new alternative coins, means more competitors. But bitcoi  is still the best coin among other cryptocurrencies.
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Topic
Board Economics
Re: Will the bitcoin be outdated by another currency?
by
Mikejones64
on 01/06/2018, 06:35:52 UTC
Bitcoin is the first cryptocurrency ever. So, I don't think it will be outdated. Perhaps, there will be more expensive, but it will take time.. Bitcoin will be forever be on trend, eventhough there are a lot of altcoins popped out there. Bitcoin will be treated like a gold that increases it's price as timw goes by.
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Topic
Board Speculation
Re: Perfect Time to Buy!
by
Mikejones64
on 01/06/2018, 04:50:06 UTC
By the year you posted it, it was really the rising of bitcoin.I hope I knew about bitcoin by that year. I hope before the end of this year, which is 2018, bircoin will rise like it was before.. We really cant control the volatility of crypto world. I think, this year has the most dumpers. I've seen them everywhere.
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Topic
Board Economics
Re: China will become Super Power ?
by
Mikejones64
on 31/05/2018, 23:12:12 UTC
I don't think China's products are good for us.. There are many problems that causes by Chinese people. They are the one who invented guns and bombs. If there is no invention of that, there is no war. Imagine that. And also foods.. Many foods are not safe. They arw making fake rice, fake eggs, fake noodles that contains plastic and other harmful chemicals. They are greedy, that's why they are making that. They don't care if their race will die for injesting those fake foods. They only think about money.
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Topic
Board Economics
Re: Should we teach children to have businessman mentality or be successful employee
by
Mikejones64
on 31/05/2018, 22:43:38 UTC
Chinese people are very business minded. Their family business is more important than their education. Some of their children are willing to not go to school just to help and learn in their business and their parents are allowing it. I don't think this is a good idea. I have friends that are chinese, some of them are very rude because they were not taught the correct manners that can be learned in school. I think business is important, but they have to study first before entering their business world.
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Topic
Board Speculation
Re: SELL EVERYTHING!!!!!
by
Mikejones64
on 31/05/2018, 14:26:21 UTC

As you said, you earned 110.000 and basically lost it all.. You know cryptocurrency, it is very risky to gamble. If you have a strategy, then that incident didn't happen to you. You have been investing and trading in bitcoin for a year, you should have known the risk of this type of industry. If you already know that this is type of a scheme, you ahould have widrawn your money and walk away. You only wasted your money.
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Topic
Board Bitcoin Discussion
Re: Which is more risky? Bitcoin or bank investment?
by
Mikejones64
on 31/05/2018, 12:31:25 UTC
Bitcoin is indeed more risky, but think about it.. When you invest in a bank, seems like you just lend your money to them without any interest. Just check the annual interest of bank in Philippines, it is less than 2%.. Do they think we can live with 2% interest in one year?! Who invented this kind of investment?! They are joking. Compare to bitcoin.. Yes, it is risky, but you will have a money back of more than 2%.
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Topic
Board Bitcoin Discussion
Re: What do you mean when you say Bitcoin is number 1
by
Mikejones64
on 30/05/2018, 23:33:06 UTC
We are entering an era of multiple digital currencies, and many of them will survive. Bitcoin is certain to be one of them, but it can't be number one for every factor. Where do you think Bitcoin will stay as number 1

  • Store of value
  • Services in addition to simple money transfer
  • Convenience
  • Security
  • Investment/speculation
  • Safe transfer speed
  • Privacy
  • Freedom from globalist control
  • Other

The factor that kept bitcoin as number one cryptocurrency are the store of value, the simple money transfer, the investment speculation and freedom of globalist control. But I think, the safe transfer speed is not included because sometimes it takes time for me to transfer bitcoin. The security is there but I'm not 100% complacent with that. Convenience is also there but since my countries internet speed is not so well, I'm having a hard time doing bitcoin.
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Topic
Board Bitcoin Discussion
Re: Bitcoin the success ladder.
by
Mikejones64
on 30/05/2018, 15:52:18 UTC
If I knew  about bitcoin when it was new, I guess I'm a millionaire now.
Bitcoin has given us the opportunity to change our lives. You can be a rich person from an totally broke person.
Some people are saying that bitcoin won't last.. I just say, look at it, it's only getting to be known in the world.
In the future bitcoin will be our worldwidw digital currency and can be used in any transaction.
Post
Topic
Board Economics
Re: What are the challenges for investment with Small capital?
by
Mikejones64
on 30/05/2018, 09:31:38 UTC
The challenges for investment with small capital are many.
One of them is if you only have small capital, your profit is also small. Since your profit is small, your development is also slow.
They will trade with you with small price only.
It takes time for you to profit..