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Showing 20 of 393 results by Zalfrin
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Board Services
Re: Let's Think About the Future | Signature Campaign | (All Ranks Welcome)
by
Zalfrin
on 14/11/2016, 12:08:41 UTC
I want to join your campaign

Name - Zalfrin
Position - Senior Member
Post - 403
Btc address - 1Msx13bZk745KtKN1JuXWLqyR8MKetvENk
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Topic
Board Economics
Re: If you were in desperate need for money....
by
Zalfrin
on 13/11/2016, 23:24:33 UTC
On the Internet, you can build your business on sale or resale of something. Just can mediate and sell people what they need. Just you yourself shave look.

Building a business and waiting to earn money from it will be time consuming process and in that case it will not serve the purpose of getting money on urgent basis, no doubt that business can help you in long term depending on the efforts you put in developing it, and if I need money desperately then either I will borrow from my friends or family or would sell some unwanted things to get quick bucks.
Exactly, and having a business is not a way for people who are desperate need of money, they have the money but they want to grow it more. Desperation is an urgent need and you can only have that when you borrow or sell something for the money.

That's right borrowing is the best way to get quick money and if you have a full time job then you can borrow it from your colleagues as they have faith in you and they are sure that you will return them their money on time and you need to make sure that you pay them on time as per the promise made.
Not only with your colleague but you can borrow big money in a legitimate company, you have to ensure that you will be able to play and your job is what ensures them. In our country, I can borrow even without collateral because I have been building my trust when I started borrowing with a small amount of money.

If you have a good reputation in the society then it will surely make things easy for you and borrowing money at the time of emergencies won't be big issue for you and if you are punctual in paying them back then they will even help you with a higher amount of money in future if needed.
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Topic
Board Economics
Re: The future of the paper money
by
Zalfrin
on 13/11/2016, 23:21:07 UTC
If bitcoin gets on the mainstream then paper money will loose its popularity and users too, as if bitcoin gets widely used and accepted then people will prefer to use bitcoin more in compare to paper money as it will give them freedom of going for shopping cashless and things will become more easier.
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Board Economics
Re: Bitcoin or gold?
by
Zalfrin
on 13/11/2016, 23:18:51 UTC
I think that every mid-rich family has gold in their house and bitcoin is not much popular most of cases.

What I prefer more is the digitalized things and in this case bitcoin as is easier to maintain because i hate to hold physically like gold.

Maybe gold is safer to hold but I consider bitcoin because It can be stored online or offline on hardware wallets.

The advantage in holding bitcoins is that you never know to what level it can grow in future and it can even reach to the moon giving us the best returns on our investment and that may not be possible with gold as gold will not go higher after a certain level but there is no limit when it comes to bitcoins.

People who are not aware about bitcoins will surely go for gold to make an investment and they will not bother about bitcoins even if price goes higher in future as they have more faith in gold and gold has never disappointed its investors so far and it will take time for people to have same faith in bitcoins.
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Board Bitcoin Discussion
Re: How to talk about BTC for friend or Family ?? Have a problem for understand this
by
Zalfrin
on 13/11/2016, 23:16:26 UTC
My parents are simply not interested in knowing or using bitcoins as they are not internet savvy and prefer to stay away from it and they even don't prefer to use credit cards for online shopping as they have fear that it can hack their details so its very hard to convince them for bitcoins but its not too difficult to explain it to friends.
Yeah to explain bitcoin to friends is a piece of cake but to do the same thing to my parents is way more difficult. I've tried so many times but they still don't change their mind and same thing happens every time. They don't have the enthusiasm to know more about bitcoin and most technology stuffs. 

The reality is that the older generation will always prefer to stay away from bitcoins as they don't want to waste their time in something that is totally new to them and they may even find it difficult to use it and at that age the would not be interested in experimenting with their spending.
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Board Bitcoin Discussion
Re: If no one spends bitcoin what might happen?
by
Zalfrin
on 13/11/2016, 23:11:07 UTC
I guess if no one spends bitcoin they collect, it will be in vain efforts we seek and collect bitcoin.   Grin
Well, I believe that if it happens bitcoin will be something that is not useful, and will probably appear altcoin which can exceed and replace bitcoin, and when the moment comes, may bitcoin will never be used again, but I'm sure it will never come  Cheesy

If you are holding bitcoins then its really hard to believe that you will never spend them as bitcoin is also an form of money that should be spent like fiat money and if no one will spend their bitcoins then we will never see the higher price of bitcoins in future and it will make bitcoin a weaker currency.

Its a good question and I think that it would be very bad for us all, it would mean that we all would not spend any bitcoins, its simply not logical.
If this would not happen the bitcoin will not survive it for long.

Bitcoin will loose all its shine if no one will spend it and it will also bring the value of bitcoins to a lower level but I don't think that will ever happens people will continue to spend their bitcoins in trading and gambling sites which will eventually help in circulating the coins.
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Topic
Board Trading Discussion
Re: Where I can learn Bitcoin Trading?
by
Zalfrin
on 13/11/2016, 21:34:23 UTC
There are many tutorials and videos available on youtube for beginners which will teach you the basics of bitcoin trading and after watching multiple videos it will surely add value to your knowledge related to trading and you can start with a small amount and start gaining a practical experience.
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Topic
Board Speculation
Re: Is the best investment holding your Bitcoin?
by
Zalfrin
on 13/11/2016, 21:11:37 UTC
I'm not an expert, but if you ask me, I could say that this is one of the safest choices. The risk surely is much higher by investing in ICOs/IPOs, as you mentioned.
possible for a beginner hold bitcoin is a very nice way. you can hold bitcoin while collecting it, and it also can you think of as a way of investment, because the price of bitcoin is always unstable. This time bticoin prices are rising, because of the close end of the year and so many use bitcoin for now, so take advantage of this moment to hold bitcoin that you have with an investment destination
You cannot afford to simply hold them without doing anything to it, but as everyone is expecting that price will go higher by the end of the next month so it would be good to hold them without taking any risky of investing it anywhere and if price doesn't goes higher then you can think of alternatives like trade and investments.
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Topic
Board Economics
Re: What do you guess about he future of bitcoin?
by
Zalfrin
on 13/11/2016, 20:47:24 UTC
the actual development of the said bitcoin faster than a payment processor such as PayPal. This makes the future of bitcoin might be better than others. I believe bitcoin will be something to look forward in the future, and I am pretty sure that someday paypal will accept bitcoin. Well, the point bitcoin future will be better than today

Yup this is just an beginning and bitcoin has a long way to go and I don't think that bitcoin will disappear in short span of time and it will gain more popularity and will gain attention from many people in future so the future of bitcoin is pretty safe and it will reach to new level in coming years.
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Topic
Board Trading Discussion
Re: did you put all your money into bitcoin?
by
Zalfrin
on 13/11/2016, 00:47:59 UTC
I use to put half of my income into Bitcoins.I save small earnings which i get from signature campaign and invest them in trading.In future, i have plan of investing more in Bitcoins.
I already put my half in bitcoins because I have plan to do some long term work with this as currently its best option for me without my full time job after putting half i am feeling good as its going good for me in start

What exactly do you mean with doing long term work with Bitcoin? Are you going to use your coins for trading purposes, or are you looking to invest them into something? Other than that, investing in Bitcoin may seem like an easy thing as the price has gone up considerably this year, but that doesn't mean you're guaranteed any more increases. You either have to keep holding for the very long term, or you have to put your coins to work with trading. And everything comes with a risk.
Exactly even holding doesn't promises profits as anything is possible with the price of bitcoins in future, it can fall down dramatically and in that case your holding will go in vain, and you can make good profits from holding only if you have huge volume of coins or else its better to use them in trading to grow them in long term.
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Board Speculation
Re: Sell my stocks buy bitcoin...
by
Zalfrin
on 13/11/2016, 00:45:04 UTC
Selling your stocks for buying Bitcoins is a good move, but rebuying stocks is not necessary because you could earn more returns from bitcoin itself.But, it should be a long term investment.

Investing in bitcoins is good in compare to investing in stocks, but there are many people who are making good profits from stocks but those who are into bitcoins will definitely go for bitcoin investments as bitcoin can give massive profits in short term which is not possible with investment in stocks.
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Topic
Board Speculation
Re: Bitcoin price to hit $1000 around June 2017
by
Zalfrin
on 13/11/2016, 00:42:18 UTC
Considering that we are around the low to mid $700's now, I could see the price hitting $1000 by the middle of next year. It really depends on bitcoin in the media and public perception.
But I have complete different yet optimistic speculation here, I do not think bitcoin need more time to reach $1000 levels, so it may test by middle of next month itself. Yes like many people predicted, bitcoin may test $1000 price levels before end of this year. New USA government, India's recent moves against black money and celebration times will support bitcoins to continue its up surge.
Even I am hoping to see that price by next month, and bitcoin is gaining more attention from the people and many people are showing their interest in investing in bitcoins and if people continue to buy then I think we don't have to wait longer to see the price of $1k.
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Topic
Board Speculation
Re: Is the best investment holding your Bitcoin?
by
Zalfrin
on 13/11/2016, 00:39:04 UTC
Holdig your Bitcoin is best but instead, investing it in Altcoins for trading in short term basis is much better because you can gain more profits from Altcoins.

You can make good profits from altcoins only if you choose the right coin at the right time or else its an risky affair, as the life of altcoins is not too long and it can disappear at any time, and if you want to make good profits from it then  you cannot afford to miss the pumps and dumps in order to make quick profits.

Choosing the right altcoin is exactly where the main problem is focused at. Nowadays altcoins are being launched in a professional way with great white papers, top notch website, somewhat decent features. These coins mostly get seen by certain people as very interesting projects, while in fact it's nothing more than another scam coin. It's a gamble where you invest your money in. You either end up making great profits, or you'll walk out with a bag full of worthless coins.
There are some altcoins that exists since long time, so if we invest in it then chances of making loss is very less but to make profits from it you need to wait for a long time and its really difficult to trust any newly launch coins as most of them turn out to be scam coins which may disappear suddenly.
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Topic
Board Trading Discussion
Re: What is the minimum amount to start as a trader?
by
Zalfrin
on 13/11/2016, 00:36:02 UTC
No one should invest a huge ammount expecting to make a huge profit, usually this turns into some profit when it doesnt turn into a big loss, thats why first learn and know the market, see the max and minimum price of those altcoin, and just invest if you have sure, dont follow others sugestions, make your own rules to sucess.

Yeah and initially its good to start with a small capital to minimize risks and there is no limit in trading you can start even with a very little amount but the only issue is that if you invest small capital then even your profits will be small and you will actually not feel the profits if you are going with a smaller amount.
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Topic
Board Economics
Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?
by
Zalfrin
on 13/11/2016, 00:33:12 UTC
Bitcoin will not be used by everyone in 2022 since most people of third world nations dont even know how to operate a computer.Most of them even dont have a bank account.But Bitcoin will be widely used by people all over the world by 2022.
so do you think all the developed nations are well equipped and everyone knows how to operate computers and do you really think that everyone has a bank account ,if so that is just silly ,people mainly use bitcoin to trade and to gamble and the people who are not interested in doing so would never bother about bitcoin.
I think it is really big chance mostly people in the world will use bitcoin. people wants buying or selling practically. bitcoin is very very apropriated for buy or sell some thing in internet. so people do not need buy with credit card they just only newd their smartphone, by scanning code or send via address. it is normal for people to looking some profit, it is proof that bitcoin is awesome thing.

People who are familiar to bitcoins will always prefer to use it for shopping keeping credit cards and fiat behind but the major issue is how to convince people who are not  aware about it and till they are not made aware about bitcoins they will keep on using credit cards for offline as well as online shopping.
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Topic
Board Economics
Re: If you were in desperate need for money....
by
Zalfrin
on 13/11/2016, 00:31:02 UTC
On the Internet, you can build your business on sale or resale of something. Just can mediate and sell people what they need. Just you yourself shave look.

Building a business and waiting to earn money from it will be time consuming process and in that case it will not serve the purpose of getting money on urgent basis, no doubt that business can help you in long term depending on the efforts you put in developing it, and if I need money desperately then either I will borrow from my friends or family or would sell some unwanted things to get quick bucks.
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Topic
Board Bitcoin Discussion
Re: How to explain bitcoin to teenagers or children
by
Zalfrin
on 13/11/2016, 00:21:38 UTC
In general yung guy get even smarter than adults. The fact that young people today grow up very quickly and have enough interesting things on the fly and old people just watch them doing crazy tasks. And so with cryptocurrency too they will do better then us, Perhaps we can not worry about that young people will be without knowledge but they will be definitely smarter

Yeah i couldn't agree more with you, the teenagers have more interest with something new, even if it can give them money maybe the teenagers will more interest with bitcoin as well.
The teenagers learn easier, maybe they can handled some way to earn bitcoin such as trading nor signature campaign.
yes i am also not agree with this statement, to me children and teenagers do not need to learn about bitcoin, to me first they should finish their education and after that they should think about trading and investment.
If we stand by that children and teenagers should not be using bitcoin, then how do we ever plan to use bitcoin as a national currency?  you can not have it both ways here.  They need to learn how it is used and all, so that it will further the improvement of bitcoin.
Its better to teach them after certain age and not when they are teenagers as they might find it complicated subject and will prefer to stay away from it as at that age their first priority should be to focus on studies as there is entire life left to learn and earn bitcoins.

Even though they are teenagers bitcoin is still easy to understand and adopt because it depends on their dedication on earning money. If they have dedication and it will become easier for them to understand bitcoin and adopt it easy which can help them to earn money by their own and buy the things that they want without asking their parents help.

Yes bitcoin can help them in becoming independent financially at very early age and that can really boost up their confidence but the only thing we need to make sure that we teach them in very easy ways without making things difficult for them and I think best way to introduce them to bitcoins is by using bitcoins related games.
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Topic
Board Bitcoin Discussion
Re: Where to Invest BTC?
by
Zalfrin
on 10/11/2016, 17:34:05 UTC
In my opinion, As of now it is not advisable to invest your or our bitcoins because IMO it is better if we just keep it safe in our bitcoin wallets rather than taking risk on investments that may turn to scam or get negative profit.
The problem is that many people act impulsively, not doing proper research or taking proper care before investing. The right thing to do is to know the market, and know if there are red flags in the investment.
There are always reports of people who can help to know if an investment is a scam or not, but for that it takes a lot of research.

Investing bitcoins online involves a huge risk as there are not many legit places which will pay you in long term and even if you do a good research its really difficult to trust someone in online world as they may give you returns in short term but you cannot expect the same in long term as you are not dealing face to face.
Yeah thats right investing  involves high risk. They is good on marketing strategy .The owner and the investor just want to get a profit. You will just know if you will invest or not. There are many things to grow your bitcoin not by just investing

The best way to grow your bitcoins is by using them in trading either in bitcoins or in altcoins where you have total control on your money and you are not depending on anyone else to make profits, your actions will determine your results and its far better option in compare to investing it anywhere online.
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Topic
Board Speculation
Re: When do you think will be a best time to buy bitcoin?
by
Zalfrin
on 10/11/2016, 17:25:38 UTC
At 2017 there are already huge speculation around bitcoin value, zcash, augur and megaupload projects, all should get live on those period, and the megaupload should bring massive new bitcoiners into bitcoin, soo the price should grow atleast a bit.

There is no doubt that price will go higher in coming months, bitcoin is gaining attention at a moment and more and more people are showing their interest in investing into bitcoins so it will help in taking price to higher level in future and that is the reason people are buying bitcoins at this moment.
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Topic
Board Economics
Re: Spending Bitcoins
by
Zalfrin
on 10/11/2016, 16:35:20 UTC
Keep some and spend some. That should be our motto here to make bitcoin more inviting to everyone. Merchants or even investors. Even those online shops would open up a bitcoin paying method if they would see it could really be used as transaction method.

Yeah we can see higher number of merchants accepting bitcoins only if they see descent traffic on their shops from the people who are willing to spend their bitcoins, if no one will prefer to spend them then I don't think we will find many shops where we can use bitcoins for making purchases and more shops will attract more people to start knowing bitcoins.
I think almost bitcoin users is choosing to hold their bitcoin instead of spending it.. but it depends of the adoption if more merchant and shops are accepting bitcoin as payment.. for me i am spending my bitcoin but sometimes if i needed i bought domain already and hosting and spend it to buy some things from amazon via purse.io and its fine.. well i am still not satisfied because they are few shops and merchant are accepting bitcoin but i hope maybe in the future more merchant can bitcoin be acceptable..

Its just a matter of time bitcoin is still in developing stage and we can expect much more from it in future, and there is no doubt that once bitcoin gains more popularity we will find much more places to spend them and that will also help in taking adoption level to a higher level.