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Re: Will you quit your day job to go full time on bitcoin?
by
Poppy
on 21/10/2015, 21:47:39 UTC
Are you inspired by those bitcoin millionaires? Are you thinking of filing a resignation letter on your day job (if you have any) and focus on bitcoin instead?

Me? I do have a day job and I consider bitcoin as my side job. I don't want to lose that another source of income just because bitcoin is awesome.

I have a day job and it does not pay me as much as what I can get by working on bitcoin.  But I would not consider going full time on bitcoin.
Post
Topic
Board Economics
Re: How too get rich
by
Poppy
on 21/10/2015, 21:45:09 UTC
Buy or develop your own time machine and go back to 2008 and mine BTC on the computer at your mothers house in the basement

For me, being rich means being financially free.  Having no debts, easily able to pay bills, can buy unnecessary things, that is already rich.
Post
Topic
Board Economics
Re: How to save money.
by
Poppy
on 21/10/2015, 21:41:30 UTC
This is my first post. Please do respect

My post intention is to help readers to save their money.

Some of the employee are not saving their money. They spend it on things that they dont need. For example gadgets,buying a concert ticket, accesories, etc.Buying things that not they need is also like a wasting money. Because this thing give a happiness  not a good life. Saving money is just like securing your future because your savings can help you in emergencies. These are the way to save money .
If you are empolyee. You must save atleast 20% of your salary. The 20% of your salary divides into two .


The 1st way : cash reserves- medical insurance, retirement, life insurance  and if you not have salary yet. And emergency. But dont spend all of you 10% in this emergency. You must know if the injury is serious o not before you spend the 10%.
The cash reserves must equal of your 6 months salary this will help you and ensure you becauas of you loss your job you have extra money .

The 2nd way : investment, business- you can invest in some company so that you have a extra income. And you can also built a small business that will always have an income like apartment.

Example. My wage is $ 7.5 per hour and i work for 8 hours and i work for 20 days. So thar my salary is $1,160 . The 20% of $1,160 is $232 .
So that my cash reserves is $ 116 i can spend this money in emergencies and medical insurance.
If my 6 month salary is $6,960 i can stop my saving money in cash reserves.
 

Thank you .

It seems that saving money is one of the tasks that is easy to say but difficult to do, but each and everyone of us knows that it is important to save.  However, even if you saved just a few or even cents a day, that would already be a big deal.
Post
Topic
Board Economics
Re: Is it better to save money or invest it?
by
Poppy
on 21/10/2015, 21:19:08 UTC
Is it better to save money in bank or invest it online, in real estate or maybe gold?

Investing is always better than saving.  There are risks involved in investing, but you can always find other things to invest on.
Post
Topic
Board Economics
Re: Did Bitcoin Ruin Your Life, Or Help Your Life?
by
Poppy
on 21/10/2015, 21:14:58 UTC

Bitcoin has become an obsession for many people. Whether its investing, selling, gambling, or making purchases with it, Bitcoin has certainly become this trend that is much larger than it was years ago. Personally, Bitcoin has been a rollercoaster for me. There are times where I am up 9k in profit, only to be scammed by a professional for 6k. In other words, sometimes I am on top of the world thinking Bitcoin is going to make me an insane amount of profit, only to be let down feeling like I am going to lose every single dime I have because I am putting way too much hope in Bitcoin. At this very moment, I am in the process of disbanding my business accounts, and filing a certificate of disclosure. This isn't to say I have lost hope in Bitcoin, I just simply think there are too many faults that still exist with it. Even with a professionally typed paid FinCEN policy reviewed by 3 companies, scammers have still found a way to literally go above and beyond to steal money. I was involved with trading and selling, and its just got to a point where the risks were not worth the reward. I hope many of you have had more success than I! I've tried out some small gambling techniques as well, and of course that was a major failure. BTCJAM was great until multiple users defaulted on their loans. Then I tried one of the most recommended cloud mining services only to find out it was a ponzi scam and lost out on more coin from them. My last resort was to add a bitcoin faucet to my website, but there are just far too many to compete with, and the advertisement costs to draw attention were just to much for it to be worth it. I could have had the opportunity to retrieve about $2,000 from some scammers, but for me to hire a lawyer, travel to another state for a court date, it becomes too expensive and not worth it in some cases where you are scammed.

My best advice for anyone seriously getting involved with Bitcoin is the key word "money management". You might get to a point where your operation with whatever it is could be rolling in some serious money. Don't get greedy! Thats what I did. Never put in more money that your comfortable losing. If you are happy to invest $1,000 knowing it could be gone, then set that limit until you are comfortable risking a little more. For me personally, I was rewarded very fast with Bitcoin in the beginning. Then I started to purchase more, do bigger volumes of trades, and then boom, you wake up one day and your profits and bitcoin is gone from a hacker/scammer. Every person is different, every one also takes different risks and assessments when it comes to Bitcoin. All in all, has bitcoin ruined your life, or has it made your life better?

Bitcoin has not ruined my life, but it has not made my life extremely happy too.  The only thing I did with my bitcoins is used them.
Post
Topic
Board Economics
Re: Best way to make a living online?
by
Poppy
on 21/10/2015, 21:12:59 UTC
I have been interested in the various ways there are of making money on the internet. From the GPT/PTC sites to others like swagbucks.com, I have been earning money online since 2009. At the time, I was still skeptical of making money online at all to begin with yet so Bitcoin was out of the question. Now from what I see the best methods involve bitcoin. Today, finding a job writing or programming or something similar online in exchange for bitcoin seems to be the way to go these days. What do you do to earn extra income online?

There are many ways to make a living online.  However, you have to choose the job with the highest pay and the easiest task, and that would be the best one.
Post
Topic
Board Economics
Re: Is it a good long term investment to buy 1 BTC today?
by
Poppy
on 21/10/2015, 21:10:44 UTC
How safe is it?

Yes, I would invest in bitcoin.  I know bitcoin is extremely volatile but I know that it will always go up.
Post
Topic
Board Economics
Re: The future of the paper money
by
Poppy
on 21/10/2015, 20:58:48 UTC
Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:

Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?


I hope paper money will not be banned.  I am wary of bitcoin even with all the things that come with it.
Post
Topic
Board Off-topic
Re: Will you quit your day job to go full time on bitcoin?
by
Poppy
on 21/10/2015, 20:55:01 UTC
Are you inspired by those bitcoin millionaires? Are you thinking of filing a resignation letter on your day job (if you have any) and focus on bitcoin instead?

Me? I do have a day job and I consider bitcoin as my side job. I don't want to lose that another source of income just because bitcoin is awesome.

I would not quit my day job to go full time on bitcoin.  Sure I can make money on bitcoin, but I would not consider going on it full time.
Post
Topic
Board Economics
Re: What you will do if bitcoin price drops to 50$ and you have lots of bitcoin
by
Poppy
on 21/10/2015, 20:41:44 UTC
and do you think that will happen in 2015 ?

If bitcoin drops to 50$, it is a clear sign that bitcoin is going to die.  If I have lots of them, I will sell them.
Post
Topic
Board Economics
Re: Is it a good long term investment to buy 1 BTC today?
by
Poppy
on 20/10/2015, 16:34:25 UTC
How safe is it?

I think if it is just 1 BTC, then it would be safe.
Post
Topic
Board Economics
Re: Why Satoshi Nakamoto WON'T win a Nobel Prize
by
Poppy
on 20/10/2015, 16:30:40 UTC
http://6abc.com/news/angus-deaton-wins-nobel-prize-in-economics/1019212/

Quote
Who won? Angus Deaton

What did he do? Deaton's work has helped redefine how poverty is measured around the world.

Why is it important? Deaton's work has helped governments better understand individual consumption choices and how they impact broader economies. The Nobel committee says the award revolved around Deaton's study of three central questions: "How do consumers distribute their spending among different goods?" "How much of society's income is spent and how much is saved?" and "How do we best measure and analyze welfare and poverty?"

Satoshi Nakamoto is overqualified.

How could Satoshi Nakamoto win a Nobel prize?  His identity is not even clear.
Post
Topic
Board Economics
Re: The future of the paper money
by
Poppy
on 20/10/2015, 16:28:08 UTC
Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:

Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?


I do not like it if they ban paper money.  I use it for just about anything.
Post
Topic
Board Economics
Re: Economic Totalitarianism
by
Poppy
on 20/10/2015, 16:25:06 UTC
...

This thread is actually in honor of CoinCube (who started the very popular "Economic Devastation" thread).

Smiley

But, that thread wanders into difficult philosophical terrain, and I am interested in hearing opinions (practical!) re what we can do about "Economic Totalitarianism":

1) The new War on CA$H (Zero Hedge is covering this tpoic pretty well)

2) ZIRP/NIRP

3) Whether any of our apparently worthless Prez candidates have any decent ideas to save our financial butts.  And who is worse (the worst).

4a) Ideas that EACH of us might be able to do to defend ourselves from abusive .gov trying to take ever-more of our hard-earned money...

4b) Where assets like BTC, "alts", physical gold, foreign real estate, "Plan B", etc. may fit in...



Ideas anyone?

I´m too old to learn to program, nor interested (in this thread) in obscure discussions of Marxism, "idiots", personal attacks, etc.

I want practical ideaz and resultz, fishez!

Woe for the citizens in a country exercising economic totalitarianism.  Their government controls their lives.
Post
Topic
Board Economics
Re: How to save money.
by
Poppy
on 20/10/2015, 16:21:01 UTC
This is my first post. Please do respect

My post intention is to help readers to save their money.

Some of the employee are not saving their money. They spend it on things that they dont need. For example gadgets,buying a concert ticket, accesories, etc.Buying things that not they need is also like a wasting money. Because this thing give a happiness  not a good life. Saving money is just like securing your future because your savings can help you in emergencies. These are the way to save money .
If you are empolyee. You must save atleast 20% of your salary. The 20% of your salary divides into two .


The 1st way : cash reserves- medical insurance, retirement, life insurance  and if you not have salary yet. And emergency. But dont spend all of you 10% in this emergency. You must know if the injury is serious o not before you spend the 10%.
The cash reserves must equal of your 6 months salary this will help you and ensure you becauas of you loss your job you have extra money .

The 2nd way : investment, business- you can invest in some company so that you have a extra income. And you can also built a small business that will always have an income like apartment.

Example. My wage is $ 7.5 per hour and i work for 8 hours and i work for 20 days. So thar my salary is $1,160 . The 20% of $1,160 is $232 .
So that my cash reserves is $ 116 i can spend this money in emergencies and medical insurance.
If my 6 month salary is $6,960 i can stop my saving money in cash reserves.
 

Thank you .

You can save money by getting the best price on items.  Avail of discount coupons, sale, for that matter.
Post
Topic
Board Economics
Re: Is it better to save money or invest it?
by
Poppy
on 20/10/2015, 16:16:15 UTC
Is it better to save money in bank or invest it online, in real estate or maybe gold?

It depends on what your goals are.  Saving and investing actually are both good.
Post
Topic
Board Economics
Re: How too get rich
by
Poppy
on 20/10/2015, 16:14:55 UTC
Buy or develop your own time machine and go back to 2008 and mine BTC on the computer at your mothers house in the basement

Be an entrepreneur.  This is the only way.
Post
Topic
Board Economics
Re: Invest in Stocks With Bitcoin
by
Poppy
on 19/10/2015, 16:02:20 UTC
Hi everyone,
I will like to know if there us a legit websites one can use bitcoin in purchasing stocks or bonds online?

Thanks.
Richard.

I am wary of purchasing stocks or bonds using bitcoins.  I do not know of any legit site that offers this.
Post
Topic
Board Economics
Re: How to save money.
by
Poppy
on 19/10/2015, 15:56:32 UTC
This is my first post. Please do respect

My post intention is to help readers to save their money.

Some of the employee are not saving their money. They spend it on things that they dont need. For example gadgets,buying a concert ticket, accesories, etc.Buying things that not they need is also like a wasting money. Because this thing give a happiness  not a good life. Saving money is just like securing your future because your savings can help you in emergencies. These are the way to save money .
If you are empolyee. You must save atleast 20% of your salary. The 20% of your salary divides into two .


The 1st way : cash reserves- medical insurance, retirement, life insurance  and if you not have salary yet. And emergency. But dont spend all of you 10% in this emergency. You must know if the injury is serious o not before you spend the 10%.
The cash reserves must equal of your 6 months salary this will help you and ensure you becauas of you loss your job you have extra money .

The 2nd way : investment, business- you can invest in some company so that you have a extra income. And you can also built a small business that will always have an income like apartment.

Example. My wage is $ 7.5 per hour and i work for 8 hours and i work for 20 days. So thar my salary is $1,160 . The 20% of $1,160 is $232 .
So that my cash reserves is $ 116 i can spend this money in emergencies and medical insurance.
If my 6 month salary is $6,960 i can stop my saving money in cash reserves.
 

Thank you .

I save money by religiously putting in my savings account.  I am not a business owner but I find that by religiously putting in my savings account, I do not have to worry about my future.
Post
Topic
Board Economics
Re: Best way to make a living online?
by
Poppy
on 19/10/2015, 15:52:29 UTC
I have been interested in the various ways there are of making money on the internet. From the GPT/PTC sites to others like swagbucks.com, I have been earning money online since 2009. At the time, I was still skeptical of making money online at all to begin with yet so Bitcoin was out of the question. Now from what I see the best methods involve bitcoin. Today, finding a job writing or programming or something similar online in exchange for bitcoin seems to be the way to go these days. What do you do to earn extra income online?

There are only so many ways to make a living online.  One of the best way is to post blogs.