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Showing 20 of 279 results by boksoon
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Board Bitcoin Discussion
Re: Is cryptocurrency so difficult to understand
by
boksoon
on 03/09/2018, 08:06:15 UTC
I engaged with young people and layman people in my communities on the quest of exposing them to cryptocurrency. During the period I discovered that they find It so difficult to understand the concepts, they are so much acquainted with fiat currency and traditional ways of making payment transactions.
I will be impress If I can get a valuable ways and methods in making them understand what cryptocurrency is all about and engage them actively.


First of all we admit that crypto currency  is really difficult to use specially in rural area that they have experienced to use at least cellphone, that's why it needs a leader to guide them how to use it and explain them whats the good benefits  if ever this is a primary use for the whole world, sharing of knowledge is important to spread out the real purpose of crypto currency into people.

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Topic
Board Economics
Re: Will the bitcoin be outdated by another currency?
by
boksoon
on 01/09/2018, 04:35:07 UTC
My answer to the principle is: NO

Bitcoin is money, the value of money is built on confidence, tradition and security, attributes that Bitcoin offers easily. The analogy between Bitcoin and social networks is completely incorrect, people think that Bitcoin is an myspace that will be replaced by facebook. It turns out that Bitcoin is money and not a social network, so this comparison is completely wrong.

Most of mankind's wealth resides in vaults for hundreds of years, so the circulating medium is derisory close to it. Why are we going to need fast, no-fee coins if we can use paper money and banks? Bitcoin's purpose is to be a safe asset, scarce and superior to gold. What is behind Bitcoin is the fact that no politician can steal you through taxes or inflation, there is nothing safer than Blockchain and Bitcoin. So far no technologically superior currency has emerged to Bitcoin to the point of provoking an abyss between technologies and will hardly emerge.

BUY BITCOIN TODAY AND ALWAYS.


when you look at the other exchanges there will have differences between the price because of their different supply and demands that's why many people are wonder whats happening of Bitcoin price.
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Topic
Board Bitcoin Discussion
Re: BITCOIN won't die, period.
by
boksoon
on 01/09/2018, 04:28:36 UTC
As you can see that BTC is the largest crypto among all in the market, I just really do not understand why people like to claim that BTC is about to die, do not easily fall for these kinds of topics and think that Bitcoin is dying, put some research on it, its just another person's opinion but again it is misleading. One last thing before you reply, this is extremely important and might be a big help for you (especially for newbies) avoid agreeing with such wrong info given to you, be sure to take extra care in replying, and the most important part of all is that you should make some research and do not forget to read the thread (if necessary) it is also important as you can gain new information from other people, though just make sure that what you are reading is very much legitimate.


Thank you and feel free to respond, I wanna see your insights about this.


I don't even react some negative comments about bitcoin its up to them how they express their felling the important is Bitcoin in our life is 100 percent alive and legit that's what I feel according to my own research and analysis.
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Topic
Board Economics
Re: Please, we should not totally eliminate fiat currency
by
boksoon
on 01/09/2018, 02:50:03 UTC
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.



Almost 90 percent users for each country to declared eliminating fiat currency but for this situation now people are not totally unite and not actually decide on what the best for currency use. Its a long long time to when did it happen so we have no worry about this fiat money will continue support and provide  fiat currency for crypto currency user.   
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Topic
Board Bitcoin Discussion
Re: Do you think there's another way to pay in the future?
by
boksoon
on 01/09/2018, 02:31:34 UTC
Im thinking like an micro chip implanted in our body. This system is not out of the picture because how we discover things every year, it is not impossible that in the future this things may happen and it will boom like btc.



I think this is the last mode of payment system using digital technology process. Microchip is only for searching location where the people or the thing to find it.
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Topic
Board Economics
Re: Is wallet security important to use?
by
boksoon
on 31/08/2018, 15:57:43 UTC
I once read for security wallet,
this is just for discussion how to secure the wallet. I do not think there is a security system and there will be no theft in the wallet.

If you choose your wallet or phone software, you need to be extra careful! Remember that bitcoins are stored inside your device. If your computer or phone breaks down, your bitcoin is gone too! Thieves can also take your bitcoin if it gets access. Consider the following tips to avoid losses:

Perform regular backups regularly
Save the backup on another device like in flash or another computer.
Use the encryption feature
With encryption, each transaction requires a login with a password. This prevents thieves who manage to gain access to your computer.
Do not forget the password
Losing a password equals losing your money! Wallet does not provide a password forgot feature.
Learn more please learn how to secure your wallet here: http://bitcoin.org/en/secure-your-wallet

Do you guys have a better idea to avoid theft in the wallet?
Your Knowledge and Ideas will be more helpful if shared.

This was the major topic that should be learn by the beginners. It is very crucial that they should know how they can manage their certificate for everything will be useless if they forgot it neglect these important things. Passwords are the common problems that a user can encounter. They forgot their passwords, and what they can do is just to sit down in a corner. To about this, always secure multiple copies of this, hard and soft.
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Topic
Board Bitcoin Discussion
Re: bitcoin is the vehicle, we run it
by
boksoon
on 31/08/2018, 15:46:37 UTC
A lot of posts are about bitcoin (eg bitcoin for illegal transactions ... bitcoins change lives ... bitcoin destroys the world ... bitcoin poison and so on) but basically it's all humans that move .. bitcoin is the tool. Good bad how the tool is how the man who runs. is it worth blaming bitcoin. What is your opinion?

I agree! The power is in our hands, we manipulate things. However, we keep on blaming Bitcoin, that's dumb. I like the idea that Bitcoins is just a tool and we are the one who can decide whether we should use it in a positive it negative way. Also, the panic that are always rising to the people is also because in how we interact with Bitcoins wherein it results to increase or decrease if price.
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Topic
Board Economics
Re: Does engaging with bitcoins put you at risk?
by
boksoon
on 31/08/2018, 05:44:57 UTC
We, as physically and intellectually healthy individuals, strive and survive to achieve our dreams, establish our roles in the society and fulfill our needs and wants. But in order to do this, we are also required to be financially healthy. The lingering fact is that money is not achievable as a single candy you can buy in the store. Sometimes, people risk their lives and reputation just to get a handful. Bitcoins are not officially a currency that you can just see in a certain country, that are being utilized and used. So, is dealing with bitcoins and other things related to it also puts us in a risky gamble?


All certain application that we engage pertaining the source of income specially in bitcoin is actually deal immidiately without hisetation even if it is risky, people know about it but when did we start to deal if bitcoin collapse and totally closure?
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Topic
Board Economics
Re: What is the best Cryptocurrency to Invest?
by
boksoon
on 30/08/2018, 08:23:54 UTC
Here's a guide on how to do cryptoinvesting.
 
An excerpt from http://cryptodime.net/how-to-pick-the-best-cryptocurrency-to-invest-a-guidline-to-trading/

If you have decided that you want to jump into this rapidly growing market, then there are some very important things that you need to understand. In this guide, you will learn how to choose the best cryptocurrency investment for you. We will also analyze a few hot currencies, to kickstart your research. Keep in mind that this guide focuses on long-term investing strategies and NOT active trading.
The Best Cryptocurrency to Invest in is…
Anyone who tries to tell you that the “X” cryptocurrency is the absolute best cryptocurrency to invest in, probably has a very large vested interest in it. In reality, there are will mostly likely be several big winners in cryptocurrency. It’s like the dot com boom, where companies like Microsoft, Oracle and Google ultimately became blockbuster investments. But you only made money in those investments, if you understood why they were good investments AND you had a reason to keep those investments for the long term. Otherwise there would have been a big temptation to sell them as soon as you made a little bit of profit. If you don’t understand what a cryptocurrency does or why it’s valuable, then don’t invest in it. Many of these cryptocurrencies are going to be a passing fad.

There will be a select few cryptocurrencies that will be great investments. Bitcoin has already shown us the potential. But the majority of coins will fade into obscurity. Since nobody knows which ones will be huge winners and which ones will be epic fails, we believe that the best investment strategy is to have a portfolio of currencies. Putting all of your eggs into one basket is a recipe for disaster. You don’t have to understand every single technical detail of each currency. However, you should read a lot about a currency that you want to invest in and make a very informed decision.    That is the only way to find the best cryptocurrency investments.





All crypto currency now is price down but the most and the best crypto currency is bitcoin because even the price of bitcoin is totally too much lower than the price last December 2017 but it is higher obviously than price of some other crypto currency so where will you invest now. Only in Bitcoin rifht?
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Topic
Board Economics
Re: How to manage the risk in investing cryptocurrency?
by
boksoon
on 30/08/2018, 07:23:24 UTC
The risk in the virtual currency market is the risk of losing some or all of its capital when the investor performs the investment or virtual currency transaction. Identify the risks before conducting a transaction, helping them to know the specific loss rate in each case of investment will be how to, minimum and maximum how to decide the scale of investment, the first time investment, time of investment completion, and other relevant factors.



Investment of crypto currency is too risky we all know that, in the first place volatile movement in CRYPTO CURRENCY  we know already that before we join into crypto currency world right? and then because of so many big chances to get profit we have to decide and gamble with our capital to invest for them to have a huge income after a few months or year but unfortunately because of not totally the price being stable we are now experiencing a bad result of our investment. STRATEGY, CALM and PATIENCE is the best way to manage the RISK in crypto currency.  
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Topic
Board Bitcoin Discussion
Re: Can you wait to prove them wrong about Bitcoin?
by
boksoon
on 30/08/2018, 07:00:06 UTC
I think a lot of people around us has told us that Bitcoin is a FAD or a SCAM or a Ponzi scheme.

Some of our closest relatives have told us to SELL before the BUBBLE will burst. {guess we hear that enough?}

The media is telling everyone that Bitcoin is the tool of criminals and terrorists and child pornographers and paedophiles.

Most of these people are not invested in Bitcoin, but it looks like they are looking for reasons to attack it.

How many of you want to prove them wrong? I sometimes look at these people and I think... WTF are you on about?

I seldom bring up the subject anymore, because everything coming out of their mouths are negative. The only time when they

are interested, is when the price hits a all time high. Then they want advice to invest in Bitcoin and when they buy at the ATH,

and the price drop with 10%, then they panic sell....lose money....blame Bitcoin. I am sooooo sick of this.

I hope we can finally prove them wrong in the near future, because this is definitely getting under my skin now.  Roll Eyes

All people are willing to take a risk and and freely to quit if ever they are not comfortable with their daily routine about bitcoin. I don't found any sign of bitcoin being scam.. I've  already the beneficiary of bitcoin so I will continue what I've going to do right now.. guys continue support to avoid bitcoin shutdown we are all people the beneficiary of the good intention of bitcoin... THERES NO WRONG ABOUT BITCOIN, IT IS LEGIT GUYS!
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Board Economics
Re: Why I am not sharing my crypto love? <3
by
boksoon
on 28/08/2018, 07:55:42 UTC
I wanted to say that I have stopped sharing my crypto interest with close mates of mine.
Because they will became greedy and jealous for that money they could have too.
But the problem is that they are seeing a results of hard intense and long work! My tokens sometimes costed me like 3 months of work, (not the hardest, but anyway).
And the are saying then - teach me how to do that! Teach my now in half hour! So I would have my $1000 tomorrow!
And then they are trying to do something here for 5 days, nothing comes so fast and they give up,
also the relations are harmed...

Thanks for your attention folks! Nice days!


All your achievement is coming from your effort so don't mine it if they are not interested and not to do their own effort, many years you spent to perfect to use bitcoin but in shortly needed they want you to shared your knowledge about how to earn from digital system. my advise is its better we can greedy as well as we don't have to commit crimes to others we are freely to go anywhere.
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Board Bitcoin Discussion
Re: our steps to deal with bitcoin conditions?
by
boksoon
on 25/08/2018, 06:53:23 UTC
what steps or plans can we take to deal with current bitcoin prices and conditions?

because the end of this bitcoin is experiencing a condition that slumped, like other coin coins.

Do we just keep silent waiting for bitcoin condition back victorious?


Yes of course that's very good idea  instead of discouraging and regretion this is the best way to do for us. we will wait until the price is quitely  go back into its brilliant price we have to prepare our self to invest again if ever the price will start to go higher. KEEP ON MONTOR THE PRICE GUYS thats only the way to brings us to our journey to become a higher standard of living.
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Topic
Board Economics
Re: hackers becoming smarter than exchanges?
by
boksoon
on 25/08/2018, 06:45:51 UTC
Well most of us here are already aware of the hacking activities of binance and bancor.They are taking practical measures to track down the culprits but the question on my mind is why could coincidentally both exchanges be hacked?Now it appears that the exchanges are not moving at a faster and innovative ways to upgrading their systems and allow these hackers time to study their systems well,identify the loop holes and cause the problem.In my opinion, exchanges should always move in an unpredictable way so as to always confuse these scammers .The scammers are scaring new investors away and this must stop.Exchanges must be up and doing so that we can attract new investors into cryptocurrency else our efforts are going in vain to attracting new investors.


that is a reality because no one can create the good technology in this world except programmer, technician and IT expert and I know that before they will become a Professional they will experienced to experiment like hacked to some other government system or whatever they want so we have no excuses here if they want to attack us... so we have to prepared on this to prevent of our property one of the victim of hacker.     
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Topic
Board Bitcoin Discussion
Re: If You Started Cryptocurrency In 2016...You Should Be Glad.
by
boksoon
on 25/08/2018, 06:19:07 UTC
If you are among people that start trading, or investing in cryptocurrency from 2016, you shouldn't be complaining of been rekt. You should have make more than 100% of your capital investment before now. So many people makes x20, x50 of their each trading during those periods, because we saw unbelievable pumps then that made peeps money.
I can remember then turning 150k to over 850 under a month, that's how juicy those periods are.
When i see how much I've achieved compare with what I started with, I always be glad because I started nearly with nothing.... That has been my console and everybody that started from 2016.
So,  forget about this bear period be glad with what you have achieved with cryptocurrency.




our current price now is like a price last 2016 to 2017 the staring higher price movement was 1st quarter of 2018 then it will raised the top price of 18,000USD. now there was a time that we felt uncomfortable with our investment because it needs to focus and monitored every minute, hour or day her is the big impact for every user if they will not updated what is the market price everyday because this is volatile so regarding to the question if we are glad to be involve of crypto currency since 2016 I admit that that these is double emotion and scary because our capital is in danger if the price is continuously slide down and of course we are very glad if the price also is continue higher.  
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Board Economics
Re: Will countries or central banks create their own cryptocurrency?
by
boksoon
on 25/08/2018, 05:33:19 UTC

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?




Decentralization crypto currency is favored to all people to make transaction anytime they want in fastest way on time on that minute and hour but decentralization is still on evaluation and analyzed what was the really affect the life of many people that's why some government doesn't agree yet while they have no proved  about decentralization.  
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Topic
Board Bitcoin Discussion
Re: My sweet and bitter experience about bitcoin
by
boksoon
on 25/08/2018, 03:30:11 UTC
I started my cryptocurrency journey around July 2017. I bought some altcoins;  verge; dodge, Xrp Siacoin on Bittrex and left some on bitcoin. It was a roller coaster for me around November to December 2017, particularly with verge, my crypo investment of just about $120 grew to a little bit over $3,000. I never new on time until I opened my bittrex. It was wao!

I took out some money since I was in need about $1000. With the euphoria of bitcoin suppasing $20,000, so I watched until my investment shrinked from about $2000 to $1500, then $1000, I decided to take out some little more until I had about $800 left.

That amount have shrinked further to about $450. The worst came when I took a third of the amount to buy Mithril coin when the news came that it won a vote to be listed on binance,  and suddenly it was disqualified,  and the price have falling like packs of cards, more than 50% right now.

Its a question of if I had known, I would have withdrawn the $3000 the moment I saw it on my bittrex account. Who can tell the future?

But I am wiser now.

Does anyone have similar experience

For me everyday is a lucky day together with my favorite hobby which is always make a message for my task in signature campaign and always monitoring the price if ever there is a good changes of course I want high price to join again in investment with my wallet provider which is my currency to BTC thats my daily routine. I don't experienced a "BITTER" because all aspects in terms of daily task are really carry I'm not being greedy so I just handle it all the time. 
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Board Economics
Re: Reason why other ban cryptocurrencies
by
boksoon
on 25/08/2018, 03:21:57 UTC
The main reason for prohibitions is very simple. Transfers in a currency different from the national one, lead to poor economic performance, including GDP (one of the main indicators). This way, it is easier to launder money or transfer funds outside the country. Neither banks nor payment processors will get their interest.
McCall Robinson a manager of Merchant Accounts, believes that most countries prohibit Bitcoin because it cannot be regulated and he said that. "Many governments do not like the very idea that there is another form of currency that they are not able to control. The supervision takes place on the Internet. Some countries consider it as danger to their society and government.


Other Country usaully ban of crypto currency because they are not totally ready to use it because of a lack of resources to facilitate of all mandate related to bitcoin, example internet facility and electricity is  main important uses that could be use to bitcoin that's why other country are not approved to use bitcoin. 
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Board Bitcoin Discussion
Re: A company just patented Bitcoin transactions via SMS
by
boksoon
on 23/08/2018, 08:41:32 UTC
Talk about mainstream adoption, it reminds me of when BofA implemented the same thing. Good that they're working on making it more accessible to people, still have to go through the annoying 2-3 hours transaction speed though -.-

https://cryptocoin.news/videos/bitcoin-this-week-bitmain-collects-18-billion-in-ipo-bitcoin-transactions-by-sms-and-more-19023/



Bitcoin is built for the people in fact until now no one would  identify whose real Mr. Nakamoto name. Bitcoin is spread out to the purpose of become primary use  all over the world but  regarding to question that Company just patented bitcoin transaction I think this is not true no any person can owned the private creation except you create your own.
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Board Economics
Re: Differences in btc value?
by
boksoon
on 23/08/2018, 08:15:57 UTC
Why there are significant differences in current BTC value between different exchanges.


There has to be a difference between exchanges and current block chain market chart because exchanges has also different investors that could produced the different views of prices because the demand declared bu each exchanges.