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Showing 20 of 137 results by Pier7
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Board Economics
Re: How will crypto go long term?
by
Pier7
on 29/05/2018, 07:14:49 UTC
Quote from: GoneRogue2018 on April 20, 2018, 03:48:45 AM
I am fairly new to the crypto world. During my short time, I have contemplated how crypto will go down over the next few years.

Slowly, over time more regulations will be adopted worldwide. This is not because regulators are scared that people are getting scammed, but because they will start limiting this world from us small fish so the banks and "qualified" investors can tke over. All the large banks will then push their own crypto, and we will be left with nothing.

In my opinion, it is in our best interest to gain enough profit so we will have the funds to become qualified investors, and be able to re-enter the markets through the banks exchanges.

What does everyone else think? Do you think the big fish will continue allowing us to do trading long term, or are our days numbered?

Cryptocurrency will go long term and it will continue until the end of humanity. The banks can do nothing about it but to accept and join the crypto world. More and more people are buying bitcoin each day and the number of merchants who accepts bitcoin are also increasing. Crypto is the change and the solution to our banking problems.

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Board Economics
Re: what is the future of virtual currency like bitcoin ?
by
Pier7
on 28/05/2018, 00:55:50 UTC
I predict that the bitcoin will become more stable and still the most popular and most used cryptocurrency. More and more people will realized its good benefits and more merchants will accept it.
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Topic
Board Economics
Re: Why do people think everyone is a scam?
by
Pier7
on 27/05/2018, 16:13:55 UTC
For me, I guess the reason why people thinks everyone is a scam and we doesn't trust each other anymore is influence by the negative news on media about the crimes involving fraud, scam and theft. And that is what bitcoin gonna change for us, it could bring back the trust again, we do the transaction directly with each other, no third parties needed and we do transactions to any stranger in anywhere in the world.
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Topic
Board Economics
Re: Why most bitcoin users from good economies countries?
by
Pier7
on 25/05/2018, 06:40:26 UTC
I think it is because those big countries with good economy, they have the resources and money to buy the equipment to mine bitcoin or just to buy bitcoins. They are open minded about the change that is happening to our financial system and they are willing to venture. That is why they are becoming richer and richer, they are willing to take the risks.
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Topic
Board Economics
Re: Why people dump their Bitcoins ?
by
Pier7
on 24/05/2018, 05:38:45 UTC
I think why people dump their bitcoins and walk away is because they always listen to false news and they got scared. They got brainwashed and feel that they don't have brighter future with bitcoins. They are easily wavered and doubtful, they lacked faith in bitcoins. I think when bitcoin become more successful and will be the currency of the world, then they will feel regret for leaving.
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Board Bitcoin Discussion
Re: Depending your future in bitcoin...
by
Pier7
on 24/05/2018, 04:46:59 UTC
Bitcoin is a great investment, a lot of people can prove it, however, you should still not invest all your assets and properties like your life depends on it. Bitcoin still involves some degree of risks, it is very unpredictable, that makes it exciting, you can earn or lose depends on your strategy. Invest only you can afford to lose.
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Board Bitcoin Discussion
Re: Stop Listening To False News...
by
Pier7
on 24/05/2018, 03:31:25 UTC
Of course, we must stop listening to false news and focus on the success of bitcoin. It just their method to brainwashed the people and make them to doubt bitcoin. Lets just focus on all the positive and great benefits that bitcoin could offer and we could have a better lives. 
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Topic
Board Bitcoin Discussion
Re: Bitcoin will silence its haters...
by
Pier7
on 23/05/2018, 09:11:33 UTC
I am 100% sure that in time, all the bitcoin haters will silently regret why they did not join early, they will become jealous of the success of bitcoin. They will just shut up because we prove them wrong that bitcoin is the greatest investment in modern times.
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Board Bitcoin Discussion
Re: What is the reason why we really need Bitcoin?
by
Pier7
on 23/05/2018, 07:25:36 UTC
I think I need bitcoin because I believe it is the future money and I want to earn more bitcoin for my future. I can also earn profits from it so it becomes my investment and my stable source of income. I can also send or receive money directly from my relatives abroad through bitcoin just at home using my computer, it is fast and cheap compare to any money transfer agent.
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Topic
Board Bitcoin Discussion
Re: People are joking about Bitcoin
by
Pier7
on 23/05/2018, 06:28:11 UTC
Competition exist in every field and believe it or not, it can be good. It is a critical driver for innovation and benefits everyone by enabling us to choose which is excellent. It is up to the people if what they think are the  best, but if you know enough about bitcoin, you won't believe all the bad propaganda. Bitcoin is still the first and the greatest cryptocurrency of all.
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Topic
Board Bitcoin Discussion
Re: bitcoin down, what will happen?
by
Pier7
on 22/05/2018, 09:27:53 UTC
Quote from: Ziaderi33 on May 21, 2018, 05:25:14 AM
seeing bitcoin prices go down and up, I'm a bit frightened to buy bitcoin at the moment, I judge I could lose, do you think, whether bitcoin prices can continue to go down, or even rise high?

Bitcoin is highly volatile, its normal that the price will go up and down, depends on the demand of the people. We can't predict the future, all we have is faith and i believe that bitcoin will last forever. It is precious like gold, and i think that in time, the demand of it will increase and the price goes higher.
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Topic
Board Bitcoin Discussion
Re: Things you should know before investing in bitcoin
by
Pier7
on 21/05/2018, 11:40:17 UTC
As a general rule, don't invest in anything you don't understand and don't invest all your savings so that whatever may happens, you can still have money left. In bitcoin, the things you should know before investing is how it works, choosing the right wallet and where to buy bitcoins to avoid being scam. Do your own research, read a lot and study more. Enriched yourself with enough knowledge then your good to go.
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Board Bitcoin Discussion
Re: Why does bitcoin have value?
by
Pier7
on 20/05/2018, 15:13:29 UTC
Bitcoin has value because it is like gold in the internet. It is also mined and people buy an expensive equipment to mined them and it is limited in supply. Since it is limited, it becomes really precious and the price of it depends on the demand from the people.
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Topic
Board Bitcoin Discussion
Re: how do you think of bitcoin in future?
by
Pier7
on 19/05/2018, 14:24:31 UTC
Bitcoin continues to be the most valuable cryptocurrency until the future comes. It is the first creation and bitcoin has proven to be an excellent store of value. It is the great advantage over altcoins and that ia why most people preferred bitcoins. It will continue to be the most used cryptocurrency until the end of time.
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Board Bitcoin Discussion
Re: You can buy KFC chicken by Bitcoin
by
Pier7
on 18/05/2018, 06:12:23 UTC
That is a very good news, i wish in our country KFC also accepts bitcoin payment. Not only KFC, I wish all merchants here will accept bitcoin, so that I can pay directly my coins to them, I don't have to convert it back to our local money. It takes time and effort, perhaps, in the near future, this scenario will come true.
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Topic
Board Bitcoin Discussion
Re: if bitcoin becomes the country's currency
by
Pier7
on 17/05/2018, 10:34:26 UTC
Quote from: deklitt on March 03, 2018, 03:44:56 AM
The popularity of bitcoin has now grown so rapidly that almost everyone in different countries recognizes and utilizes bitcoin either as a business asset or as a means of payment transactions.
And as we know so far the bitcoin legality is still a consideration for governments in various countries.

Looking at that fact is it possible bitcoin will be the currency of a country?
And can bitcoin change the country's economy for the better?


Yes, i guess so, specially to the third world countries who are so poor, if bitcoin becomes the world currency then perhaps the exchange rate is equal. It would mean a great help to the poor countries because bitcoin could really help the economy and reduced the unemployment rate. Many people are earning more in bitcoin than in their regular job.
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Topic
Board Bitcoin Discussion
Re: Digital money is cashless society
by
Pier7
on 15/05/2018, 08:21:18 UTC
Yes, we are moving forward to cashless society, we paid through swiping cards or through mobile express. Bitcoin is a digital currency, when we fully shift to bitcoin, it will be purely digital transactions even cards will become obsolete. We can pay through scanning QR codes or through any gadgets that is connected to internet.
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Board Bitcoin Discussion
Re: How foolish are people who invest in Bitcoin?
by
Pier7
on 15/05/2018, 06:38:07 UTC
I don't think bitcoin investment is a foolishness as it is the greatest creation of modern times. The technology behind it is so great that it can help with the problems of our financial systems. With bitcoins, it bring the power back to the people to manage their own money and became a bank themselves.
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Topic
Board Bitcoin Discussion
Re: Opportunity to sell for bitcoin
by
Pier7
on 14/05/2018, 13:06:17 UTC
Instead of selling things to buy bitcoin, I would take a part of my salary and invest it in coins. When I have enough coins, i would sell part of it and buy things I like and the rest is my savings and investment.
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Topic
Board Bitcoin Discussion
Re: Can you wait to prove them wrong about Bitcoin?
by
Pier7
on 14/05/2018, 07:19:48 UTC
Yes, I am willing to wait for that day, when they can feel the deepest regret why they did not believe in bitcoin and join early. When the time comes that they will be jealous for the success and the big earnings I gain in bitcoin. I know, in the future, i can prove them that they are wrong.