Now that more and more countries are starting to go cashless (http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone), is it possible that we also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages? Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage?
If this can happen all over the world, then cryptocurrency will be recording its greatest boom ever. Let us all pray for this to happen.
How do you think banks make money, how does a bank make money to pay its employees and business operational? Does the bank rely solely on interest on loans from banks?
Majority of the banks make money through dubious means more that legit means. It is not just the legal operational transaction fees they collect. They also help corrupt politicians to ferry money away.
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BoardBitcoin Discussion
Re: I wish! I wish!! I wish!!! Stop always wishing You bought Bitcoin in 2009.
by
Phil315
on 11/09/2018, 11:37:45 UTC
This is what almost all of us who joined Bitcoin today are guilty of doing. We should just start encouraging ourselves to put the past behind and focus on the future.
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BoardAltcoin Discussion
Re: Do bounty hunters become ICO investors?
by
Phil315
on 11/09/2018, 11:34:54 UTC
Only a few percentage of bounty hunters actually participate in ICOs. Their main task is to promote the project for investors to invest in it.
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BoardBitcoin Discussion
Re: I LOVE PANIC SELLERS
by
Phil315
on 11/09/2018, 11:30:37 UTC
I don't like the way people easily sell due to panic. They are among those killing the cryptocurrency market.
Most probably in this section are users that are interested mostly in Economics, so I want to know why Economics attracts you?
Economics is a very important subject that must be taught in the University. it is the basis of life as we always need to apply economics to every decision making.
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BoardEconomics
Re: Which one do you prefer?Increase your Bitcoin or ِDollar?
In Trading, there are two categories of people, those who want to increase their bitcoin volume, and those who want to increase their dollar volume. Which one do you prefer?Why?
Increasing Bitcoin will always be preferable to increasing dollar. Dollar cannot give you a good profit compared to bitcoin.
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BoardEconomics
Re: Which Asian countries have the greatest influence on bitcoin?
Countries with large amounts of virtual currency transactions such as China, Japan, Korean and India with the increasing trend of many brands continuing to expand their payment operations in Bitcoin, this currency will rise to a peak of $ 20,000 in 2017. However, recent bad news from Asian countries Bitcoin price is going down very fast. Yesterday bitcoin price continues to fall deep down to 8,200$ and possibly more. In particular, China and India have a great influence on the BTC currency because the number of bitcoin traders is huge
To me, it is Korea and China. The Koreans have a greater acceptance for cryptocurrecny than the Chinese anyway.
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BoardBitcoin Discussion
Re: An ETF will be approved because
by
Phil315
on 25/08/2018, 03:31:21 UTC
I just saw a news few hours ago that SEC wants to review the ETF decision. I hope it falls on Bitcoin's favour this time around.
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BoardEconomics
Re: How did Crypto help you out?
by
Phil315
on 25/08/2018, 03:28:27 UTC
My participation in cryptocurrency airdrops in the past, and now currently bounties have helped me greatly. I have seen some little money from it at a time I am totally broke.
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BoardAltcoin Discussion
Re: Are old coins no more profitable
by
Phil315
on 25/08/2018, 03:26:50 UTC
The old coins are still very much profitable. I think want happens at times with the new coins is just a sudden pump which may not even be sustained.
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BoardAltcoin Discussion
Re: Bill gates says cryptocurrency is bad
by
Phil315
on 25/08/2018, 03:25:19 UTC
Bill gates is entitled to his opinion. But you won't tell me that Bill gates has no single Bitcoin. Don't be deceived into believing everything influential people say.
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BoardEconomics
Re: Venezuela In Chaos - Massive 95% Devaluation -new Bolivar pegged to state crypto
by
Phil315
on 25/08/2018, 03:16:30 UTC
I don't think the government is actually getting everything right. There is no way they can force a crypto price on people. It will be determined by the market.
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BoardBitcoin Discussion
Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
by
Phil315
on 25/08/2018, 00:51:15 UTC
This is a very good advice to everyone out there. Don't allow your family to starve to death whereas they are seeing cryptocurrencies worth thousands in your wallet addresses they cannot access.
ETH, Dash and Ripple which to invest in, Which has more potential and make a good profit?
For now, I would rather chose to invest in ripple. I think it has a greater means of expansion. The price is very low so I can pack as much quantity as I can.
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BoardEconomics
Re: Digital Money = Cashless Society
by
Phil315
on 24/08/2018, 12:48:42 UTC
The digital money or currency is a way of promoting a cashless society since people will no longer carry physical fiat money around.