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Showing 16 of 16 results by Vohoanghiep111
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Board Economics
Re: Bitcoin or gold?
by
Vohoanghiep111
on 05/07/2017, 03:22:11 UTC
If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.

I choose bitcoin, although a bit risky in investing but it will help me earn a huge profit after 10 years.
Gold is a full wrap option, it will not make you rich quick, it's just hoarding your money
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Topic
Board Economics
Re: Is it better to save money or invest it?
by
Vohoanghiep111
on 04/07/2017, 15:38:46 UTC
Is it better to save money in bank or invest it online, in real estate or maybe gold?


There are two choices for you:
- Invest in high risk Bitcoin while making big profits
- Investment in banks, gold, stability, interest rates increase periodically, no mutation, no scam, ...
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Board Bitcoin Discussion
Re: What are your plans with your Bitcoin?
by
Vohoanghiep111
on 03/07/2017, 03:37:12 UTC
Hi guys Smiley May I know what are your plans on your Bitcoin in the future? Do you plan to keep on investing on Bitcoin related businesses or do plan to convert it into fiat and ventures on new business?

I'm planning to invest more on Bitcoin related companies and convert some of my Bitcoin into fiat and invest it on our local stock market. How about you?


My plan with Bitcoin is to buy and store it long term. I believe that Bitcoin will increase in the future, when I will sell Bitcoin I can hoard and continue investing in other currencies.
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Topic
Board Bitcoin Discussion
Re: Bitcoin is a great innovation but the fear is prominent and so deadly!
by
Vohoanghiep111
on 02/07/2017, 02:18:24 UTC
Friends, I am mesmerized by Bitcoin, it's a great currency alternative and lots of innovation going around but to be honest everywhere I see people's are fearing a lot, they want to invest in bitcoin and yes they already invested but still fear is prevalent. Everybody fears and they are afraid mostly about the following:

1) What if someone hacks and steal my bitcoin.
2) What if government shut down bitcoin.
3) What if I buy something via bitcoin and the seller doesn't send me what I paid for.

This list goes on....  What do you guys have to say about it? Why so much fear around Bitcoin? is it time to centralize the Bitcoin so that we could shop freely so that we could have purchase protection just like visa and mastercard Chargeback policy. Decentralization is good but it truly sucks.


I think I can answer some of your worries in the simplest way:
-What if someone hacks and steal my bitcoin: No one has hacked Bitcoin at all, the Bitcoin creators assure you this.
- What if government shut down bitcoin: In my country, the government does not regulate Bitcoin but I'm still making money from Bitcoin.
-What if I buy something via bitcoin and the seller does not send me what I paid for: simple, you were scam. Why do not you trade through intermediaries or partial transactions?
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Board Bitcoin Discussion
Re: Saving bitcoins
by
Vohoanghiep111
on 01/07/2017, 10:32:23 UTC
If I decided to save bitcoins in bank, how will deposit rate be changed compared to dollar or other currencies? Will it have much lower percent?

Please show me which bank accepts you to keep or to save. Therefore, you can only save Bitcoin in your wallet
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Topic
Board Bitcoin Discussion
Re: What were your experiences with Bitcoin when you first started?
by
Vohoanghiep111
on 01/07/2017, 01:42:26 UTC
I would like to know what experiences did you had when you first started with Bitcoins. As for me, I had many that I would like to share with you.

When I began in the Bitcoin world, I was a complete rookie with no proper knowledge of how did mining worked or anything about cryptocurrencies. I just thought about Bitcoin as another payment processor like PayPal. But when I joined the BitcoinTalk community, I learned so many things along the way. In my process of learning in the first days, I decided to invest into cloud mining services. Since I didn't knew much about it, I invested a plenty amount of Bitcoins to start my journey into it. During that time, I had gotten into many different services. Those were GAW Miners, then Cointellect, cloudminr.io and finally Hashnest. After getting scammed many times by the services mentioned previously, (except for Hashnest) I have lost many Bitcoins. As a result, I decided to never invest into cloud mining and thus dedicate myself into learning more about the cryptocurrency and look for other ways to earn Bitcoins. It was then that I enrolled into the signature campaign that I am currently into and during all that time I began to earn Bitcoins as well as diversify my investments into different alt coins. Now I am dedicated to trading Bitcoins and other alt coins, as well as working for it (like the signature campaign and working as a freelancer) in order to earn coins and build up my portfolio along the way.

Anyways, what would be your experiences with this exciting cryptocurrency?  Cheesy


My first experience with Bitcoin was mine investment and scam few times. Then I bought Bitcoin to gamble, and I lost. Then, I think I should find another way to make money from Bitcoin. At first I saw the ad and clicked captcha. After that, I found the scripts and I started exploring it. That was a wise decision for me at the moment
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Topic
Board Bitcoin Discussion
Re: Bitcoin as a source of income?
by
Vohoanghiep111
on 28/06/2017, 11:32:54 UTC
Today many people rely on bitcoin, in the sense that they are now focusing on the world of cryptocurrency, leaving their jobs

Is there something like this, is there any special tips because i want to focus but not yet dare?



Bitcoin is part of my income stream. While people are still concentrating on their main work I still spend some time with Bitcoin. I think that is necessary and it will help me become richer in the future
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Board Bitcoin Discussion
Re: August 1, Bitcoin will Ends?
by
Vohoanghiep111
on 23/06/2017, 13:08:30 UTC
Bitcoin will seperate after august 1?

or

Bitcoin will end?

Some of sites written about this.

Need a Expert opinion or Real news. So waiting....


I do not believe this will happen
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Topic
Board Bitcoin Discussion
Re: So Bitcoin is better than Gold?
by
Vohoanghiep111
on 21/06/2017, 09:19:56 UTC
So Bitcoin is better than Gold? Roll Eyes


I do not think so while bitcoin is really unstable now gold is extremely stable ever
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Topic
Board Bitcoin Discussion
Re: what was your first incoming transaction?
by
Vohoanghiep111
on 19/06/2017, 17:17:14 UTC
still running my original core wallet from june 2011.

just checked my 1st transaction.. 0.35 btc from slush on june 16, 2011.

that was with mining with my HD4850. it was more of an experiment than a money making endeavor or to be part of the crypto scene. more like to see maybe i can help finance a new video card if this one makes money.

used slush as my 1st pool as they had the best instructions on how to setup a miner.

anyone else care to share their 1st incoming transaction and where it was from?
 

My first transaction was getting the signature campaign and now I'm still pursuing it
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Topic
Board Bitcoin Discussion
Re: Be your own bank: Why Bitcoin is the most valuable cryptocurrency
by
Vohoanghiep111
on 17/06/2017, 01:42:30 UTC
Let's look at Bitcoin for what it is: a fundamental human efficiency improvement.

Here's why it's valuable (value != price):
- The software and rules can't be changed easily or quickly. It takes years and a lot of global perspectives. Maybe they can't be changed at all.
- Therefore, it works exactly as expected: 24/7/365
- It's accessible anywhere in the world: 24/7/365
- It's accessible by everyone in the world who has a computer and internet connection

Because of these reasons we can say that XBT is stable and predictable. We already see how on many exchanges, XBT is being used as a base "currency" that all other cryptocurrencies are denominated in.

And because it's stable and predictable, it acts as an *international settlement system*, and therefore can also act as a global reserve currency. Currently, the incumbent settlement system (National central banks acting as clearing systems between commercial banks) is the only way the global economy can function. For some perspective, consider that financial activity consumes about 1/3 of the world's economic productivity (~USD30 trillion).

What about technologies that are Turing complete, more technically advanced, etc.?
- When we consider Bitcoin's primary function to be a global reserve currency and settlement system, these features are at best irrelevant.

But the transaction fees are killing me!
- Many cryptocurrency users recognize the financial and human costs of ledger transparency and mutability in the existing financial system, but didn't realize that the cost of immutability in a cryptocurrency could be the same or higher. Consider that correspondent banking is complex and costly, but those costs are absorbed by everyone who participates in the financial system (mostly taxpayers). At the moment Bitcoin users subsidize the current financial system through their taxes while also incurring the costs of their Bitcoin transactions, so the pain is naturally doubled. Users in different countries will also experience different transaction cost pain points, and some people will leave in search of something else to buy their coffee with. Sorry, there's no such thing as a free lunch, and billionaires that have been paying thousands to keep their transactions private in the existing banking system have no problem outbidding you on your next transfer, and in fact will likely have more trust in Bitcoin as the cost of using it increases. User behavior will update accordingly, and people will really "become their own bank".

Ethereum/Ripple/Dogecoin is overtaking Bitcoin's marketshare!
- XRP, ETH, etc. are tantalizing to banks, governments, and speculators. But they will only ever "experiment" with these things in order to generate PR and appear clever to their stakeholders. They know that these systems are not stable enough for production, and that's why there are no examples of anyone going "live" with the thing they built on their forked Ethereum blockchain. Cryptocurrency "Marketshare" is a buzzword concept created by speculators and marketers, who have no idea what the things they are buying right now are worth.



I do not understand how stable Bitcoin you are while its value goes up and down in a short time
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Board Bitcoin Discussion
Re: BitCoin for Retirement
by
Vohoanghiep111
on 06/06/2017, 15:42:50 UTC
I am living in a still-considered as a third world country which kinda suit me because the standard of living here is still low and we can easily afford all the necessities of life and even some luxuries here and there. Money here goes a long, long way at least compared to developed countries like USA or Japan for that matter.

It is then good to retire here most especially if you have the money in your purse. Now, I am planning to set aide even just 1 Bitcoin as part of my retirement plan...of course it is just part of the mix as I am also into cacao/mango/coconut farming which can also serve me well when I am retired.

Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?


Bitcoin savings and retirement and a plan that was too far away for me while I was 18. So using bitcoin in business and gambling is my bright decision at this point
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Topic
Board Bitcoin Discussion
Re: Are you using low fees?
by
Vohoanghiep111
on 05/06/2017, 12:57:49 UTC
Sometimes when I withdraw BTC to my wallet, I set really low fees like 50-70 satoshi per byte and wait for weeks, because I'm not going to spend those coins in the near future anyway. I think it's a good way to save a bit of money, because if you look back, you might realize that your fees have added up to a big amount in USD value, while it wasn't always necessary to get those coins confirmed asap.
So, do you use low fees, or always want to get confirmation in a next few blocks?


Your solver has been around for a long time, because I rarely store Bitcoins in my wallet and often pull it in several times and wait for a while to trade successfully. In addition, this way will help you less likely to be caught by the bank
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Topic
Board Bitcoin Discussion
Re: Japanese Airlines to accept bitcoins soon
by
Vohoanghiep111
on 04/06/2017, 10:31:36 UTC
https://cointelegraph.com/news/japanese-budget-airlines-will-accept-bitcoin-in-2017-install-btms-at-airports

According to this article, Japanese Budget Airlines are going to accept bitcoins this year. They declared that later this year we can now enjoy flights without bringing our wallets but our bitcoins in our smartphones. As part also of their new innovation they have installed BTMs or Bitcoin ATM on the airport for the convenience of their customers. With this we can expect an increase in tourist visits to Japan.


Yes, that's great! We also know that a hacking group in Japan created Bitcoin so it was normal for a Japanese airline to accept Bitcoin. This shows that Bitcoin is really developing in Japan.
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Board Bitcoin Discussion
Re: That moment when you buy 1BTC at $2500
by
Vohoanghiep111
on 03/06/2017, 12:04:51 UTC
That moment when you buy 1BTC at $2500, and then 3 days later someone buys it at $2000. But I'm guessing that it's the risk involved in investing, so what do I do now? Sell? Or hold on them?
It is crazy to buy a BTC for $ 2,500. At that time, the value of Bitcoin is not really stable so decided to buy or sell Bitcoin is a crazy thing. Why not wait for Bitcoin stable, then the risk in trading will be very low, we can also earn more in the transaction.
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Board Bitcoin Discussion
Re: Hotels accepting bitcoin
by
Vohoanghiep111
on 02/06/2017, 10:09:32 UTC
https://www.bloomberg.com/news/videos/b/4a0b16dd-6783-4dac-9fa0-76e923c9a774

According to this link, a bloomberg news site, it was mentioned that there are two hotels in LAS Vegas that accepts bitcoin as payment for hotels, food and drinks. If you want to visit this place as a tourist or to gamble and you happened to lost your money to gambling you can always use you stored bitcoins to get a room to sleep and relax and enjoy the food and booze.


That's right. At present there are a number of hotels in the world that accept Bitcoin, which is inevitable while Bitcoin is becoming increasingly popular and well known. Bitcoin is growing steadily, with so many banks adopting this currency, it is normal for a hotel to accept Bitcoin.