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Showing 20 of 99 results by Zinkin
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Topic
Board Beginners & Help
Re: I got scammed. I want to go after this asshat.
by
Zinkin
on 30/06/2018, 02:47:04 UTC
Yes, I was being stupid in all accounts above...

Arbitragecoins.com is the scam site.

Why the hell did I send coin to that site? It was because of all the hype on the Arbitrage Bot: https://www.arbitraging.co
FOMO got the best of me and I was dumb.

I know that FOMO is really a strong instinct, as a human we sometimes do become impractical when we feel a strong force that compels us to act before we think. the Fear Of Missing Out is something that we should consider when  we see a very lucrative offer online, as people here have mentioned, the saying "if its too good to be true then it probably is." is really old but is still very valid in todays situation of all these scams on the internet.

No you are not dumb if you only followed your emotions its more of that you were not prepared and that you were GREEDY. Yes that is the term that you should understand that pushed you into being scammed. Greed is good only in games. In real life it can make you go bankrupt.

Another point that I could advise on in the future if anyone asks for your private key, is to NEVER, EVER give out. Its called private for a reason. Treat it like its your password, if you give it out, people can access your accounts, in this situation its your wallet with your money in it. Ask yourself this do you give out your password online? The answer should be no and that is how you should treat your private key.
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Topic
Board Economics
Re: Is Bitcoin a Bubble?
by
Zinkin
on 29/06/2018, 13:07:10 UTC
Based on my understanding of a bubble. As the term itself in its lifetime it has to "pop" that is in definition what we know of literal bubbles. For me Bitcoin is not a bubble in terms of it does not "pop", yes it goes down but it also goes up as well. A bubble cannot be known ahead of time as I have mentioned it needs to pop first. Until this bubble bursts, it is not a bubble therefore Bitcoin is not a bubble.
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Topic
Board Economics
Re: good effect and bad effects of robots in replacing human Jobs
by
Zinkin
on 10/12/2017, 07:20:08 UTC
The good effect is obviously more efficient work. There will be lesser errors since there will be no human errors. A robot can be programmed flawlessly and there will be very minimal mistakes in the job that the robot is doing. It will also be faster. Robots can also work non stop unlike humans.

The bad effect will be humans will become unemployed. Tons of people have a repetitive job and I remember the line "You will be replaced by a robot in the future." that is said to the people that are doing nothing but the same thing over and over again. An example of this are construction workers and factory workers. Robots can easily replace them and some of the tasks are already done by robots. The thing, though, robots require a lot of money. It will require bigger capital than just hiring people from the third world country. Since a lot of people in third world countries don't really specialize in something or too simply put it, they are uneducated, the payment for hard labor is a lot cheaper.
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Topic
Board Economics
Re: Should I stop Buying BTC?
by
Zinkin
on 20/11/2017, 00:50:09 UTC
Should I stop buying BTC for above market value or should I start paying the listed price? I support Bitcoin and still pay 5k a BTC does anyone see bitcoin going back up?
Well it sure does now, just after 2 months the increase of Bitcoin's value is almost 50%. Then it was 5k but now it is 7k, it sure is what we can call a 'pump'. So by that time you should've bought as many as you can, because as of now you're going to have a lot of profit.
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Topic
Board Economics
Re: Is there a fixed supply of bitcoins around the wolrd or is it printable like $?
by
Zinkin
on 20/11/2017, 00:40:10 UTC
No there isn't, there are only 21 million Bitcoins in the world and  the fact that having Bitcoin as the highest value in the market is the proof that its number is dwindling by now. By applying the Economics Law you will understand what I am saying.

By having a fixed 'demand', the value of a specific item will decrease and increase, if the 'quantity' is high and if the quantity is low respectively.
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Topic
Board Economics
Re: The future of the paper money
by
Zinkin
on 20/11/2017, 00:18:41 UTC
Well to answer your questions here's what I thought:
Paper money will be banned entirely?
It will happen eventually, but this is going to be a long process. Its not going to be banned though, but instead its going be eradicated.

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How long do you think that happens?
For how long it will take, we don't know the precise time when it will happen, but I guess it will happen soon.

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would it work?
Ofcourse it will work, the government need to be changed anyways. Although, there is a chance that it is going to be centralized but all in all, I think it'll be in good shape.

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What security and privacy risks would it raise?
Regarding this matter, I think implying the current security of wallets are quite good. Since its true security lies on the person itself, so the fault is not in the wallet.

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And how would public and privately issued monies interact?
I'm not exactly sure what you're talking about, but is there any public and private monies?
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Topic
Board Economics
Re: Replace the dollar with a cryptocurrency. How exactly?
by
Zinkin
on 20/11/2017, 00:08:17 UTC
I' ll take bitcoin as an example.

Is it mandatory that the value of all bitcoins is equal to the value of the world economy?

Can this value be archived before all the bitcoins are mined?

When I buy bitcoin someone will take my dollars.
So how can we technically replace all dollars with the bitcoins?
In the end will there always be someone with only dollars in their pockets or  am i wrong?

The price of all the Fiats are not related to its values, not even an inch of it.

This will not be possible since the cryptocurrencies are decentralized, you can monitor its price but it is impossible for you to manipulate it. And the government that doesn't that. They wanted to have profits, in order for the economy to grow.
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Topic
Board Bitcoin Discussion
Re: Bitcoin can be hacked?
by
Zinkin
on 19/11/2017, 23:45:19 UTC
I think Bitcoin can not be attacked because Blockchain technology is now growing and no one knows how Bitcoin was created. Only exchanges are attacked and this really does not affect Bitcoin
Exactly, I don't understand why people say that Bitcoin can be hacked if the one being hacked is the person. Bitcoin has nothing to partake in this kind of disaster. No matter how many times you've been hacked or scammed, it is at the person's fault alone and not the medium that have been used.
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Topic
Board Bitcoin Discussion
Re: Are you surprise by bitcoin price now?
by
Zinkin
on 19/11/2017, 23:35:18 UTC
You guys know the laws of Economics, in the quantity versus value? You see, there are only 21 million Bitcoins that are available yet the price of it is still increasing year after year. In that Economics law, whenever a 'quantity' of an item decreases results a higher 'value' of that item, and vise versa.  Now I have been thinking, did that mean that the number of Bitcoin is dwindling?
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Topic
Board Speculation
Re: If bitcoin falls 20% a day
by
Zinkin
on 19/11/2017, 23:17:06 UTC
Do you choose to hold or sell? I choose to continue holding.
 Cheesy Cheesy Cheesy
Well that's what every smart guys do. But its also not a bad thing to pinch some money on the packet, right? I mean, you needed money occasionally or not often. No matter how long you will hold it, you will constantly needed money for your daily lives. If not to pay bills, having some other investments, or having a business. It will happen but then again if you have other sources of income, good for you.
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Topic
Board Bitcoin Discussion
Re: Do you USE your BTC?
by
Zinkin
on 19/11/2017, 23:07:04 UTC
Ofcourse you can't resist to use, especially when you needed it at that time, like there is an accident or something and you desperately needed money for the hospital bills. I mean it is good to hold and wait for the price to go up, but let us not also forget about our necessities, its our first goal afterall, to fulfill and satisfy our necessities.
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Board Bitcoin Discussion
Re: Is bitcoin is the new era of currency?
by
Zinkin
on 12/11/2017, 17:29:16 UTC
yes it possible .bitcoin has the high value and its already adapted by other countries.bitcoin has the fast transaction and other benefits you can have than other currency.
It already is people, it already is. Bitcoin have already proven that it is indeed the new era of currency. Despite the fact that only few countries have already accepted Bitcoin as their currency, those countries are now using Bitcoin almost anywhere they are in the country. I mean they are paying bills, tuition fees, buying items etc. using Bitcoin. And I would say this is indeed phenomenal.
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Topic
Board Bitcoin Discussion
Re: How do you store your bitcoins?
by
Zinkin
on 12/11/2017, 17:11:16 UTC
I store it using my wallet but I have some of it at my other wallet so if in case my other wallet will be hacked then I will have some.But I also invest it so that it will grow and  be able to convert  it into some cash for many purposes.
Everyone is storing their coins in their specific wallets. That is plain obvious, but by answering 'how to you store your bitcoins' is quite very specific and straightforward. A very good question indeed, this will help new people here in the community.

Having multiple wallets is quite good but, being hacked is on human error. You might not confirmed all the necessary things to have it secured or you used a not so good wallet.
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Topic
Board Bitcoin Discussion
Re: Will bitcoin end?
by
Zinkin
on 12/11/2017, 15:52:09 UTC
As long as we are here to support bitcoin then bitcoin will not end because bitcoin is depending on us.I dont think so that bitcoin will end, because bitcoin is gaining popularity day by day.
sound good, bitcoin will end means whole world lose Internet 😜 if it's possible?  so 100% bitcoin will be end.
hmm, I think the 'Bitcoin will end' statement is pretty broad. The question is, what will make it end? How will it end? Its pretty broad really, to the chances that it might only end its legacy as the number one cryptocurrency is already a legitimate reason for it to call that it ended. In fact Bitcoin Cash is making its way through, it have already passed ethereum, its impressive really, and it is continuing to rise.
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Board Altcoin Discussion
Re: Are you buying altcoins
by
Zinkin
on 12/11/2017, 15:41:11 UTC
Yes sure, if I see potential of that altcoin I am buying. I already hold altcoins and i ll get profit from some of them soon.
I mean why not, there are lot of altcoins out there are worth investing in. Yes we know that Bitcoin is number one yada-yada-yada but as an experienced enthusiast, it is more profitable to invest in altcoins. Man there are hell of a profit just waiting to be picked up.
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Topic
Board Pilipinas
Re: Pwede Bang Magturo ng Bitcoin sa School?
by
Zinkin
on 12/11/2017, 14:03:36 UTC
I Hope so, para malaman ng iba yung Bitcoin and para makself support sila sa kanilang pag aaral at hindi na umaasa sa mga magulang nila. Ano sa palagay ninyo pwede ba tong ituro sa mga studyante like us?
Hindi naman natin kailangan iimplement ito sa School, since self explanatory naman ang Bitcoin. Hindi ba 'yong pera natin hindi naman yan tinuro sa School diba? Kusa natin itong naadopt dahil sa araw-araw na paggamit nito. Ganoon din sa Bitcoin, kung aaralin mo kung pano ito nkukuha at nagagamit madali mo nang mamanipula ang ganitong bagay.

Ang mahalagang naitro sa School ay 'yong Economics, hindi man ito naapply sa Bitcoin dahil Decentralized ito, ay magiging pundasyon padin 'yon para maging pamilyar ka dito.
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Topic
Board Pilipinas
Re: Tingin mo ba aabot ang price ng Bitcoin sa 500K bago matapos ang taong 2017
by
Zinkin
on 12/11/2017, 13:51:15 UTC
Curios lang ako, kung ang 1 Bitcoin ay nasa Php 50,000 noong January 2017 tpos ngaun sa kasalukuyan ay nasa Php 225,000.

Tingin mo ba aabot ang price ng Bitcoin sa 500K bago matapos ang taong 2017?
may posibilidad na tumaas ang presyo ng Bitcoin sa 500k o mas mababa ng konti dito. Dahil sa mga nakaraang linggo umabot na sa 350k ang presyon ng Bitcoin. Lampas na ito sa kalahati mula noong isang taon na presyo, at sa pagooserba ko, nakita ko nag twing sasapit ang mga buwan na ito ay tumataas ng sobra ang presyo nito, so hindi na kakapagtaka kung umabot man ito dun.
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Topic
Board Pilipinas
Re: Payag ba kayo bawat puntahan mo na mall okaya tindahan bitcoin na ang bayad?
by
Zinkin
on 12/11/2017, 13:38:38 UTC
Para saakin ok lang para iwas sa mga magnanakaw diba? di mo na kailangan mag dala ng wallet Grin
Ideal ang ganitong bagay, ito 'yong pinapangarap natin. 'Yong tipong hindi mo na kailangan maghintay ng trasaction time para lang makuha mo yung pera mo mula sa mga specific facilities na kuhaan ng pera.

Pero kung titingnan mo, magiging disadvatage ito para sa mga miners, dahil baba yung chances na magkaconduct ka ng transaction mula sa wallet mo papunta sa mga facilities na 'yon o kaya pag magkoconvert ka ng pera mula Bitcoin papuntang Peso.
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Topic
Board Pilipinas
Re: Ano ang magiging epekto ng bitcoin kapag dumami na ang gumagamit nito?
by
Zinkin
on 12/11/2017, 13:27:26 UTC
Ano ang magiging epekto ng bitcoin kapag dumami na ang gumagamit nito?

Kung nakikita mo sa ngayon, tumataas ang presyo ng Bitcoin kaakibat nun 'yong pagdami ng gumagamit at nagiinvest dito.

Ikumpara natin ang Bitcoin(BTC) sa Bitcoin Cash(BCH). Dati 'yong Bitcoin Cash mababa lang ang presyo kasi wala pa namang ibang gumagamit nito o nagmamine nito. Pero tingnan mo ngayon nagtaas bigla yung presyo, so masasabi natin na proposyonal ang presyo sa dami ng gumagamit nito.
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Topic
Board Altcoins (Pilipinas)
Re: Paano magbenta ng token.
by
Zinkin
on 12/11/2017, 13:17:22 UTC
Marami ang nababasa ko na naga buy and sell ng token, paanu po ba maibenta ang token na nasa eth wallet? At anung website po ang pweding puntahan sa pagbibinta ng token. 
Siguro masasabi ko na hindi madaling magbenta kung nagsisimula ka palang at hindi ka pamilyar sa mga ganong bagay. Pero sa ngayon ang nakikita kong pinaka nabebentahan ng token o tinatawag na exchange ay ang Etherdelta. Madaling maintindihan and User Interface nito, magiging pamilyar ka kaagad. Kung magbebenta ka ng token kailangan mula dun sa etherwallet mo itatransfer mo papunta dun sa exchanger, may fee yun. Tapos magseset kana ng price dun sa token na ibebenta mo, kailangan mo din iinput kung gaano kadami.