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Showing 20 of 303 results by MrRiuss
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Topic
Board Economics
Re: Cryptocurrency or Stock Market?
by
MrRiuss
on 21/09/2018, 18:35:02 UTC
As we all know, stock market had been there for a very long time now and on the other hand, cryptocurrency is a fast rising trend when it comes to the world of trade and commerce. Some may prefer to invest in crypto because of high returns but some will still go with stock market and play it safe.
In your opinion, what will be the best option to invest your money on?
both are best, as long as you know how to "play". remember, dont put all your egg in one basket, separate it.
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Board Economics
Re: LIFE GOES ON.
by
MrRiuss
on 21/09/2018, 18:32:28 UTC
Looking at the present state of the market, it could be very disheartening. But one thing is certain is that blockchain technology has come to change our society. And Crytocurrency which runs on the blockchain will continue to wax stronger and stronger, stay above fear. Life surely goes on with or without the enemies of crypto.
yes, what ever happen, life goes on. nothing can stop it Smiley
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Topic
Board Economics
Re: Will crypto solve socioeconomic problems?
by
MrRiuss
on 21/09/2018, 18:29:37 UTC
If everyone around the world gets into cryptocurrency, do you think it will even help in solving or lessen socioeconomic problems? Can it be used to buy goods from other countries? It is fair to say that crypto will help a lot of people but what will it do to one's country? Will it help improve a country's economy?
no, i dont think so. absolutely it still wont help in solving or lessen socioeconomic problems. there will still the rich and the poor in the world.
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Topic
Board Economics
Re: Economy in your country
by
MrRiuss
on 21/09/2018, 18:27:42 UTC
An economy is a zone of the production, appropriation, or exchange, and utilization of merchandise and enterprises by various operators. Comprehended in its broadest sense, 'The economy is characterized as a social area that underlines the practices, talks, and material articulations related with the production, utilize, and administration of assets'. Monetary specialists can be people, organizations, associations, or governments.
so, what is your point?
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Topic
Board Economics
Re: Why Malta is the most favored Location for Crypto Exchanges?
by
MrRiuss
on 21/09/2018, 18:26:36 UTC
We have seen some of the biggest crypto Exchanges, like Binance and OkEx moved to Malta and another bigger exchange Bittrex is also considering to open their office in Malta.

But why Malta?

One obvious reason is that the government announced in January that it was in the process of establishing a “Virtual Currency Act” and a “Digital Innovation Authority” and that both will provide a regulatory framework to allow crypto companies to operate.

Malta did similar with Gambling as well and it became a huge Gambling hub soon. Now, Malta wants to attract cryptocurrency businesses to its shores, and has already been successful in nabbing some of the biggest. The government had been promising to set up regulations for the industry and provide a better environment to them in future.
malta is a "tax paradise". not only for cryptocurrencies, but for all of the financial products.
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Board Economics
Re: Why do you think the market is down right now?
by
MrRiuss
on 21/09/2018, 18:24:34 UTC
is it all that is going on with regulations?

Big whales just waiting?

People do not believe in crypto anymore?

is it trouble in some countries in ASIA with laws and regulations?
i think this only the game for big whales. price up or down, big whales still profit.
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Topic
Board Economics
Re: Bitcoin holders will have to pay their tax?
by
MrRiuss
on 21/09/2018, 18:23:25 UTC
What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.
nothing will happen, business as usual. everybody should pay tax.
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Board Economics
Re: Crypto replacing fiat?
by
MrRiuss
on 21/09/2018, 18:18:42 UTC
Lets say crypto completely and utterly replaced fiat. Fiats don't exist anymore. All governments have seen the advantage of using digital currency and have completely changed their fiat into crypto, like dollar to dollar token(obviously not tether). How viable is this? For example anyone can see how much I am holding using the public ledger and track me down and force me into sending them the cryptos I hold. I wanna discuss in reality if cryptos actually replace fiat how life will be and what are the problems we are gonna face and the immediate effects of it.   
well, if you say so. the main problem is the internet connection, good internet connection are not provided all over the world. in fact, there are still many countries that have a very bad internet connection. also, there are still a lot of people that "blind" about internet.
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Topic
Board Economics
Re: People are not motivated by money.
by
MrRiuss
on 21/09/2018, 18:09:04 UTC
I always hear the argument for capitalism "B bb BUT people won't innovate without the profit motive" WRONG

Humans want to solve problems, create, and innovate, they do not need money to motivate them.  Cavemen were painting art 20,000 years ago without the desire of money.

True scientists like Tesla, he didn't care about money it was about the pursuit of science.

Capitalism does not cause innovation, most new technology is found by government programs like nasa (internet, smartphones, etc)
i dont think so. most of the people are money oriented. although not all. money is not everything, but everything need money Smiley
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Topic
Board Bitcoin Discussion
Re: DO PEOPLE STILL HAVE CONFIDENCE IN BITCOIN?
by
MrRiuss
on 21/09/2018, 17:59:01 UTC
yes, of course. a lot of people still have confidence in bitcoin. no doubt about that.
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Topic
Board Bitcoin Discussion
Re: Who are the richest Bitcoin users and how much do they own?
by
MrRiuss
on 21/09/2018, 17:58:10 UTC
nobody will know who is the one Smiley. people can only guess, but could not know exactly.
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Board Off-topic
Re: Soon we would not need banks
by
MrRiuss
on 19/09/2018, 18:11:14 UTC
i do not think so. if it is so, it will need very long time for that to happen.
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Board Bitcoin Discussion
Re: Can too many Altcoin's can become a threat to bitcoin's existence
by
MrRiuss
on 19/09/2018, 17:22:41 UTC
no, i dont think so. bitcoin will survive from all of them  Grin
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Topic
Board Speculation
Re: New Exchanges Are Coming? But It is OK?
by
MrRiuss
on 19/09/2018, 16:50:54 UTC
Everyday, we are seeing new crypto currency exchanges start working. So many platform has already opened. But Is that OK? I think volumes are seperating. How this effect prices?
yes, it is okay, no problem with that. some will keep survive, but other will soon disappear. the price depends on its function.
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Board Bitcoin Discussion
Re: I bought bitcoin at $20k last year
by
MrRiuss
on 06/09/2018, 19:18:13 UTC
I got into the bitcoin again last year after losing all my 4.5 bitcoins to ponzi schemes early last year. I bought in bitcoin again at $20k. Now bitcoin is $6k+.  I'm regretting my actions.  Huh
sorry for your lost. do not regret it, well it is a very difficult situation for you, bought at $20k.
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Topic
Board Bitcoin Discussion
Re: Bitcoin must be regulated!
by
MrRiuss
on 06/09/2018, 19:15:14 UTC
we cant regulated bitcoin itself, but we can make a regulation about such as transaction of bitcoin in the real life.
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Topic
Board Bitcoin Discussion
Re: Is Bitcoin the Biggest Bubble in Human History?
by
MrRiuss
on 06/09/2018, 19:13:23 UTC
it is still to early to say that bitcoin is the biggest bubble in human history. need more and longer time to prove that. only times will tell
Post
Topic
Board Legal
Re: Why I don't Support KYC in cryptocurrency as it is
by
MrRiuss
on 06/09/2018, 19:09:50 UTC
I am going to be very honest here with you guys. I know some of you may antagonise or kick against my view. But I will still speak the truth as it is.

My major reason centered on the fact that there is no regulation for cryptocurrencies.
How can someone somewhere in the name of ICO project team, whom you don't even know, some without a verifiable office address, whose presence is just online and the internet, demand your sensitive information including your international passport, government issued ID, proof of your residential address, and other personal information or documents?
What if this person is just a scammer? What if this person works for maybe a terrorist organization who is just looking for real biodata or identities? What if this person is just a criminal looking for ways to fake his own identity and take upon yours or anyone else? What if your verified photograph (face) matching your identity is used in pornography or nudity? What if the data is accidentally leaked? My questions go on and on.

Remember, the cryptocurrency as it is currently has no regulation, as such there is no regulatory body or authority you can petition your grievances or seek redress should any of the aforementioned incidences happens to you as a result of the information you have forwarded. The ICO project team whom you sent your details can as well disappear without trace.

Therefore, as long as there is no Cryptocurrency Regulation, then there should be NO KYC.
yes, totally agree with you. no doubt about it. you have a very good point of view. so what is your suggestion in this situation?
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Topic
Board Speculation
Re: What strategy we should take when Bitcoin price fall
by
MrRiuss
on 06/09/2018, 19:06:41 UTC
Now a days we sometimes seeing the price of Bitcoin falling along with others also falling.
At that time if I have Bitcoin then what should I do ?
Should I sell or hold?
if you have more money, just hold it, dont need to sell it. in fact, you can buy it again if the price go lower
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Board Bitcoin Discussion
Re: Bitcoin conquers Nasdaq, 2019
by
MrRiuss
on 06/09/2018, 19:05:42 UTC
https://coingape.com/nasdaq-list-trade-bitcoin-ethereum-by-2019/amp/

Sooner nasdaq will come and join those countries as great traders of bitcoin and other cryptocurrencies in 2019. The new victim of cryptocurrencies. Some countries deny it, but more countries welcome  bitcoin.
So the future of bitcoin is undeniably progressive . Share your opinions.
i dont think it will so soon for bitcoin to conquer nasdaq, still need more time.