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Showing 20 of 50 results by Sheltor
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Board Bitcoin Discussion
Re: Can bitcoins become worthless?
by
Sheltor
on 03/01/2018, 08:20:01 UTC
Bitcoin is a method of payment and a digital currency that was launched in 2009. It has been described as “cash for the internet” and the price of all bitcoins in circulation currently amounts to USD 1.5 billion. One of its key features is its decentralized structure that prevents regulation of the currency by a central authority or bank. It is this aspect of Bitcoin that is trumpeted by Utopian libertarians who see it as the embryo of capitalism without regulation or control, a dream that is already being scuppered by the realities of the modern world.

Others see Bitcoin simply as an opportunity to get rich quick and then get out before the bubble bursts, and in that sense Bitcoin paints a microcosmic picture of the nightmarish short-termism and irresponsibility that is the hallmark of capitalism in decline. It is hardly surprising that such a phenomenon should take off in the midst of a global crisis of capitalism.

According to some, the technology pioneered by Bitcoin and other so-called crypto-currencies is potentially game-changing when it comes to online transactions, with as much potential for a revolution in payment processing as Napster was able to achieve with music downloads. However, what is already becoming clear is that this technology can never be used to its full potential under capitalism: to really unleash the power of technology in all fields, not least in online transactions, we require a socialist plan of investment in technology and a plan for the use of technology to develop the economy in the interests of need and not profit.
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Topic
Board Bitcoin Discussion
Re: Can cryptocurrency make real money disappear?
by
Sheltor
on 02/01/2018, 15:20:46 UTC
There are several reasons it cannot be possible but let me mention few, real money is very essential in a society where internet is poor and level of illiteracy is high. Another reason why crypto currency cannot make real money disappear is because banks and government will not have access over tyeccontrol of how we spend and keep money. No tax, no charges so they will put laws that will not be friendly to cryto currency
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Topic
Board Speculation
Re: Will Bitcoin Rise again in January?
by
Sheltor
on 02/01/2018, 15:03:37 UTC
I see bitcoin rising gradually in January. Many want to buy bitcoin for investment purpose, so when demand is high the Price too will spring up.
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Topic
Board Politics & Society
Re: Do you believe in god?
by
Sheltor
on 02/01/2018, 14:56:03 UTC
Yes I strongly believe in God and his existence. So far those who claim there is no God has nor been able to us the force beging the sun and moon that determine the nature of of the world.  Behind every creature there is unseen force or maybe called supreme being.
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Topic
Board Politics & Society
Re: If we were all inmortal would religion die?
by
Sheltor
on 02/01/2018, 03:55:16 UTC
The reason why we are mortal today is because we're still alive on earth, the day you die you become immortal and religions ends that day a man dies. There is no religious activities in heaven it only exist on earth.
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Topic
Board Bitcoin Discussion
Re: Is Bitcoin really secure?
by
Sheltor
on 02/01/2018, 03:34:46 UTC
Bitcoin is more secure than most existing financial services, including legacy banking platforms like SWIFT, which has been compromised repeatedly by hackers.
But all of this speaks only to the technical security of bitcoin. Its financial security is another matter
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Topic
Board Bitcoin Discussion
Re: How to Make Money in Crypto
by
Sheltor
on 02/01/2018, 03:02:08 UTC
Good day as I am new to the crypto world What is really the way to make $ in in crypto ? such as Bitcoin or other coins?

I understand as i have some invested. in my wallets the values go up and down, so you can cash out or sell when value up?

do you just buy and sell currency as the markets move up and down? or what other ways to make $ with crypto?
do you transfer bitcoin over to other websites etc?

or what should i be focusing on? thanks

just like to know what all the experts do?


Other ways you can earn money on a crypto currency though deep knowledge or training before venturing in it are trading, mining and bounty of the company or carrying campaigns. In addition you can study the market just like FOREX trading buy when the price down and when its high.
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Topic
Board Bitcoin Discussion
Re: Bitcoin saved my year
by
Sheltor
on 02/01/2018, 02:50:45 UTC
I started 2017 broke and with a very low wage. My girlfriend also broke up with me in the beginning of the year.
Although I had committed some trade mistakes I was able to get 400% gains, thanks to btc.  This gave me hope and made my year a lot better.
I wonder how many people bitcoin "saved" this year, even preventing some suicides maybe.
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Topic
Board Bitcoin Discussion
Re: Getting porn sites to accept bitcoin
by
Sheltor
on 30/12/2017, 13:40:03 UTC
Leading adult site Porn.com has started accepting bitcoin payments.

The site is one of the biggest adult entertainment operations on the Internet, if you don’t count illegal torrent sites. Porn.com currently accepts traditional credit card payments, PayPal and online cheques, along with bitcoin of course.

Bitcoin payments on adult sites are nothing uncommon, but Porn.com is by far the biggest service to embrace bitcoin. Most adult sites that accept bitcoin are tiny and easily dwarfed by Porn.com, as it is effectively an umbrella for heaps of smaller porn sites. The advantages of using bitcoin to pay for adult content are more or less obvious. People are not too keen to share their credit card data with small adult websites and they have perfectly good reasons aside from anonymity.

Although the word 'reputable' does not really apply to most adult sites, it is worth note that adult content is huge on the Internet. According to recent studies, adult content accounts for as much as 30% of total internet bandwidth. Adult websites attract more than 450 million unique visitors each month. Unsurprisingly men lead the way, but an estimated 30% of women also enjoy Internet porn.
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Topic
Board Bitcoin Discussion
Re: Why is bitcoin the most popular cryptocurrency?
by
Sheltor
on 30/12/2017, 05:51:54 UTC
Bitcoins is the most popular today because it came into existence when at the verge of Economic and Financial Collapse of US Market. At the time when Lehman Brothers collapsed and took away investors’ sleep at night, an Inventor, Software Developer, Legend Satoshi Nakamoto (Pseudo Name) published a paper called Bitcoin for peer to peer payment.
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Topic
Board Bitcoin Discussion
Re: Do you think digital currency will ever replace paper money?
by
Sheltor
on 29/12/2017, 21:04:07 UTC
Solid money will take a long while to disappear, but it seems feasible enough (like everything else that has been rejected by elder generations but accepted by youth growing into a new world). Digital currencies won't replace paper money anytime soon, says Bank of Japan official.
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Topic
Board Bitcoin Discussion
Re: Bitcoin is not Money, is Faith
by
Sheltor
on 28/12/2017, 22:44:13 UTC
Bitcoin is monwy and not faith because, though you may faith but you can't spend it but you can spend bitcoin.Faith is something you can not see but believe it exist, faith is something you can not control but controls you and faith is a spiritual thing. We can see and monitor bitcoin as it rows on our screen. Therefore I disagree that bitcoin is not money but faith.
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Topic
Board Off-topic
Re: Do you smoke weed?
by
Sheltor
on 28/12/2017, 22:34:44 UTC

At least it's no longer seen as a criminal hard drug in many western countries and it go forward every day with legalizing and new informations.

So do you smoke weed? How long and how much?
How do you think your consume is taking a part in your daily life?

 Cheesy

I don't smoke at all, apart from the damage it courses to the kidney and body system generally smoke is not moral I dislike it. People now smoke weed openly in this part of Africa even some of the law enforcement officers are not helping because they also smoke at different joint with street boys.
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Topic
Board Bitcoin Discussion
Re: Bitcoin to eliminate unemployment.
by
Sheltor
on 28/12/2017, 21:58:58 UTC
Bitcoin has the potential to reduce unemployment. Unfortunately so far no real Bitcoin based economy has been developed that would actually give people some true and lasting business opportunities.

Bitcoin alone can't reduce unemployment but using it for payment can make some work more accessible for people, which could have such an effect.
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Topic
Board Bitcoin Discussion
Re: Have You Been Scammed?
by
Sheltor
on 28/12/2017, 21:52:23 UTC
Yes have been scammed before. Victims of scams don't always report when they've been conned because they feel embarrassed for having fallen for a scam.

If you have just fallen for a scam, you shouldn't feel embarrassed. It can happen to anyone. Scammers are constantly refining their scams to make them as effective as possible. They know what works and what doesn't.
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Topic
Board Politics & Society
Re: Biggest Problem of your Country ??
by
Sheltor
on 28/12/2017, 20:11:46 UTC
Am from Nigeria. Corruption and poverty are the biggest problem in Nigeria and the only solution is for the youth to rise up to responsibility. The past leaders are still the current leaders .
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Topic
Board Bitcoin Discussion
Re: Sell your house for investment in btc.
by
Sheltor
on 28/12/2017, 19:59:33 UTC
Why sell off your properties to invest in bitcoin. You should borrow money from bank or friends to invest than to sell your house for bitcoin. There several way you can get money to invest in bitcoin such as airdrops, bitcointalk campaign and signatures, all you need is to start with small amount
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Topic
Board Politics & Society
Re: call for ICO and cryptocurrency Training in Nigeria
by
Sheltor
on 28/12/2017, 19:38:45 UTC
That is a good idea. You may not need to wait for foreign aid before you can organise such seminar, you fan start by bringing few of friends  together, doing webinar live training and Facebook live  training. There are lot of organisation doing the sensitization already on radio, TV and news paper on CryptoFortune currency and how they can invest in bitcoin and earn profit monthly. So you can do something  different.
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Topic
Board Bitcoin Discussion
Re: How foolish are people who invest in Bitcoin?
by
Sheltor
on 28/12/2017, 08:37:42 UTC
How many idiots who decided to invest in bitcoin!!!!!!!

It is necessary not to watch as he grows from 15000 to 17000. This is a visual illusion.
And as it grows from 1.5 to 1.7.....

In recent days printed 180 million tether and still no big growth....
Lending on the stock exchange came to a billion dollars.
The credit rate on the day was a record and more than the 0.103%.

This means that the market has reached its peak. The price of cryptocurrency maximum.
This is the moment when you have to sell everything.

So began a process of growth needs the infusion of more money.... They're gone.

I think the joy of endless growth to an end this weekend.

Nothing in this world is eternal and permanent.....
And rising prices of bitcoin are not eternal.... all ends already.....

I love this quote "Nothing in this world is eternal and permanent. And rising prices of bitcoin are not eternal" nevertheless, people have invested in bitcoin coin when the price was minimal are not foolish. Even people that invested along the line has nothing to loose if they sell off the investment today. Bitcoin may have gotten to its peak but I tell you it can down to ridiculous level again inasmuch other coins are still being traded with it.
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Topic
Board Bitcoin Discussion
Re: Why Cash is better than Bitcoin.
by
Sheltor
on 28/12/2017, 07:50:41 UTC
There is charges in using credit cards/ATM in my country and their is a cashless policy that guides you on the the volume of money you can carry as individual. But its better to have some cash at hand than having bitcoin because of emergency. When there is emergency you will need internet connection and your device fully charged before you can spend your bitcoin.