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Showing 20 of 67 results by NicG13
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Topic
Board Altcoin Discussion
Re: Enigma (ENG) Invest while you can.
by
NicG13
on 30/04/2018, 09:12:58 UTC
Enigma could be one of the poster children coming out of the blockchain revolution. Definitely a longer-term investment.
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Topic
Board Altcoin Discussion
Re: Ethereum vs Bitcoin as goal of investments
by
NicG13
on 10/04/2018, 20:56:32 UTC
There's no reason to believe either will not do well this year.
Post
Topic
Board Economics
Re: will next decade be the bitcoin era ??
by
NicG13
on 22/03/2018, 07:37:59 UTC
If this happens, and it probably will, we'll have some huge wealth inequality between people who will bearly afford a tiny, tiny fraction of a bitcoin and people who got in early and hold multiples of bitcoin.
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Topic
Board Economics
Re: Charity Accepting Bitcoins?
by
NicG13
on 21/03/2018, 07:46:43 UTC
I don't see any issues whatsoever with charities accepting bitcoin and I hope more and more start doing so as it will be a good thing for both the charities and bitcoin.
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Topic
Board Economics
Re: Don't worry, the market will not fall forever.
by
NicG13
on 20/03/2018, 07:55:01 UTC
I look around so to speak and see increased and increasing activity around cryptos everywhere. I think the next growth leg will be absolutely immense and professional/institutional players will definitely play a role, perhaps a very big role.
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Topic
Board Economics
Re: "Switzerland wants to be a crypto nation" Economic minister.
by
NicG13
on 19/03/2018, 09:56:08 UTC
The Swiss have always been clever about finance, money and wealth in general. Of course, they're leading the way in crypto and they're right to do so.
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Topic
Board Economics
Re: how can the beggars access Bitcoin?
by
NicG13
on 15/03/2018, 08:12:38 UTC
A lot of beggars have smartphones nowadays. People will also start giving them older smartphones that they no longer need instead of money. But this is talking genuine begging. In many countries, begging is a form of organised crime and the criminals will make sure the beggers, effectively slaves, under their control will have smartphones to collect bitcoin.
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Topic
Board Economics
Re: Bitcoin has defeated gold
by
NicG13
on 13/03/2018, 09:06:24 UTC
It is a rather unfair comparison. What we should be comparing is the market caps of gold and bitcoin. And I think there's quite a bit more gold in terms of the market cap out there still.
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Topic
Board Economics
Re: Can a deflationary currency really work?
by
NicG13
on 12/03/2018, 11:10:44 UTC
Far from being a trivial issue, this is probably one of the main reasons bitcoin will not be able to serve as a world currency. We had thousands of years of gold and silver backed money with no real mechanism for creating money through lending, literally out of thin air. But that's also why for thousands of years we had only petty economic growth and development. Our ability to create money as well lend and borrow against the future is what's allowed the phenomenal economic output of the past century or so. Any currency that is deflationary and does not allow for this will probably send us back in time. We've been there. We know it doesn't work well. It's good to have the option, though. And I guess bitcoin will become much like gold, a scarce resource that will allow us to protect our wealth against inflation but, at the same time, use it to pay for goods and services. Mind you, also because of blockchain technology, gold is being digitised and heading in that direction too!
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Topic
Board Economics
Re: Electronic Money vs. Physical Money
by
NicG13
on 07/03/2018, 07:50:40 UTC
Almost all money is electronic money in this day and age, apart from a small proportion of fiat and gold, of course. Blockchain electronic money is much safer than fiat electronic money so we should all be happy if blockchain replaces traditional electronic money.
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Topic
Board Economics
Re: Crypto is an Asset or Currency?
by
NicG13
on 06/03/2018, 07:40:43 UTC
I think it is clearly both. Increasingly more high-profile businesses are already accepting or considering accepting payment in bitcoin.
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Topic
Board Economics
Re: it is possible fiat currency will crashed?
by
NicG13
on 05/03/2018, 07:51:33 UTC
Fiat currencies have always been crashing but it's a very slow and somewhat controlled process that very rarely gets seriously out of hand, particularly in developed nations. This process is called inflation.
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Topic
Board Economics
Re: Is it digital gold?
by
NicG13
on 01/03/2018, 09:18:55 UTC
I think you can draw that parallel but you have to remember there are fundamental differences like: one is physical, the other immaterial; one is unlimited (in the Universe not on Earth), the other finite; one is virtually indestructible, the other perishable if all devices it resides on are destroyed, etc.
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Topic
Board Speculation
Re: Bitcoin price stabilizes?
by
NicG13
on 28/02/2018, 08:50:42 UTC
It is probably premature to talk about any cryptocurrency price stabilizing. This market is still nascent and it won't be until a couple of years from now that we see it settle and prices reaching stability.
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Topic
Board Economics
Re: Can you start from zero cash and make a living with the opportunities in crypto?
by
NicG13
on 27/02/2018, 07:58:19 UTC
It's certainly possible to start from effectively "nothing" and make it, of course. But a bit of money, to begin with, is going to help. Particularly later on as most people get into trading and before they start making money actually lose all of it and then have to start again, lesson learned. So I would say have some money saved up to get in and then for later on, just in case.
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Topic
Board Economics
Re: What will happen if the government know bitcoin in your country?
by
NicG13
on 26/02/2018, 11:41:51 UTC
Countries that ban Bitcoin and other cryptocurrencies will lose out to those that don't but rather choose to regulate in an intelligent way. Bitcoin is a test of freedom and forward-thinking ability. And you can already see that those countries who lead on things like democracy, freedom, etc. are not banning it. It's the autocracies who fear it most.
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Topic
Board Economics
Re: Don't worry, the market will not fall forever.
by
NicG13
on 22/02/2018, 17:07:51 UTC
Of course, it will not fall forever. And, actually, I think this year we will have a phenomenal rebound and break through that $1 trillion barrier with a vengeance!
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Topic
Board Economics
Re: Bitcoin to be international currency
by
NicG13
on 21/02/2018, 09:36:32 UTC
De facto, it already is an international currency. Truth be told, though, you can't pay with it in most places. Similar to gold, really. Which is another form of international money that most "shops" won't accept as payment. This could all change very rapidly though. With the scale and performance of Lightning Network, as well as mobile wallets, etc. Bictoin could very well start being accepted for payment everywhere and anywhere.
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Topic
Board Speculation
Re: 2018 end of the year BİTCOİN price
by
NicG13
on 20/02/2018, 08:40:45 UTC
If we have a good year, $50K is realistic. But there are no guarantees. At one point, this thing is going to stop its crazy run. The question is when and what happens once it's done so.
Post
Topic
Board Speculation
Re: How low will this bear trend go?
by
NicG13
on 15/02/2018, 07:50:31 UTC
I don't believe we'll see 4K again. If we take another dive it won't be as severe. We're swimming up and down the bottom of the sea now. The big question is when will we hit bull again? It could be earlier this year as people are trying to diversify away from stocks after the recent scare.