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Showing 20 of 246 results by dogz12
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Board Bitcoin Discussion
Re: Bitcoin acceptance
by
dogz12
on 27/05/2018, 03:50:37 UTC
You can pay with Bitcoin in several stores and even restaurants here in Germany. Are we the only one who have this?  Huh
Acceptance of bitcoin as a means of payment here in our country by merchants is not that good because only a handful of them accepts bitcoin as a means of payment and if i am not mistaken only 7 existing merchants do accept it. The good news is, popularity is growing and a lot of individuals are engaged with the industry.
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Topic
Board Economics
Re: Bitcoin as savings, emergency needs possible?
by
dogz12
on 26/05/2018, 03:09:39 UTC
So far there are many concerns regarding on bitcoin advantage. I have read a lot of it here in our forum. Thus really make sense why should we invest in bitcoin? Well i know that you can add up more when comes to the advantage of investing bitcoin from the other members as well. In fact i get a lot of idea from them from reading and reading from their post. Thus includes bitcoin as a form of savings highlights the best idea on investing bitcoin which could be later use as for emergency needs also. So how it will work? Well i have some extra money from my salary so instead of putting it to my piggy bank i will invest it here in cryptocurrency though  it is not that big yet it could be consider as savings. From time to time as other members done like holding and selling it in the right time will do also. So it will be savings plus profit and that could also be use for emergency needs and easier to get or convert it to money for emergency uses unlike lending money from banks that will cater 2-3days process before you get your money. So this is the best idea i guess. How about you?Could you consider this thoughts?
I think that you must separate an amount as an emergency fund. Considering your investments as an emergency fund might not be a good idea. You can never really tell when you will be needing it and if the occasion arises and the selling price is much lower than the buying price then you will be at a loss.
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Board Bitcoin Discussion
Re: Best country for crypto
by
dogz12
on 25/05/2018, 04:29:03 UTC
Always heard that Switzerland is a great place to livve and now they are leading at this too


https://cointelegraph.com/news/switzerland-first-in-ranking-of-top-10-most-blockchain-friendly-countries-in-europe
Japan i think. Japan is very much advance with regards to technology and majority of its population can easily avail themselves with cryptocurrencies. Japanese people are not afraid but they welcome such technologies.
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Board Economics
Re: Investment amount
by
dogz12
on 24/05/2018, 03:56:00 UTC
How much would you make as first amount? I was thinking  £50 bit even if this times by even 10 that's only 500.

Would 300 be a more realistic start
Depends on how much extra money you hold at the moment. But since you are a beginner, i think it would be best to start with low amount that you are willing to lose. It would eventually grow as time goes by that is if you succeed with it.
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Board Economics
Re: Is banking still important in the bitcoin era?
by
dogz12
on 23/05/2018, 03:30:40 UTC
Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?
Banks will always stay even if we really are in the bitcoin era. Banks plays a vital role in every countries economy. They extend loans to individuals and companies alike, a  very function which bitcoin can not outplay.
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Board Bitcoin Discussion
Re: What is the reason why we really need Bitcoin?
by
dogz12
on 23/05/2018, 03:20:53 UTC
Why do we really need Bitcoin?
I am a secretive and confidential escapee. I hate keeping money in safes with passwords or depositing money in banks that fear bank bankruptcy. I need bitcoin, will no one have control over my bitcoin account, unlike other electronic money systems, you may be locked account, frozen property. With bitcoin you own the private key, with a separate bitcoin address. No one manages and controls accounts outside of you.
And you?




Well bitcoin is not a basic necessity that we really need. I am also a person who is not comfortable keeping money in safe boxes cause it would only make it stagnant and so with banks because of minimal interest rates. I would rather invest it on somewhere else and bitcoin and cryptocurrencies are a good option.
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Board Economics
Re: Bitcoin - Can it boost or break a countries economy?
by
dogz12
on 22/05/2018, 04:29:27 UTC
Most countries are in full control of their own monetary policies and financial systems. If a alternative currency is introduced, would this improve or reduce the efficiency of a country?

Will this remove their control or would it be just another payment option, like PayPal?

Why are governments so scared of Bitcoin, if they can regulate it's use. The first defensive tool seem to be banning the technology, which in my opinion should be the last resort. Should they not analyse the threat based on proper research and public participation. < like they did in Canada > and then make harsh decisions like this?

Why are they ignoring the advantages that this technology might bring and implement extreme precautions as a primary action?

Is Bitcoin really such a big threat to them or are they just misinformed on purpose? < influenced externally by people with hidden agendas >

Let's discuss this please.
I think it will give a boost to the economy. If bitcoin users would decide to declare their profits with bitcoin to be taxed then definitely would be a help to the economy and if they do not, it would still affect the economy if they do succeed and becomes rich with bitcoin.
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Board Bitcoin Discussion
Re: is it possible?
by
dogz12
on 22/05/2018, 04:24:14 UTC
Can bitcoin be the world's currency?
I dont think so. AT present the worlds population is 7.6B, the supply of bitcoin which is 21M will not be enough for the people. Besides i dont think that governments around the world would allow a decentralized currency would take over their local currencies.
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Board Economics
Re: Banks admit they fear BTC
by
dogz12
on 20/05/2018, 04:45:15 UTC
https://cointelegraph.com/news/polish-central-bank-secretly-funds-anti-crypto-youtube-propaganda-videos

Something i have been suspecting for a long time, now it has been officially confirmed.

Banks and governments have been investing in fake news to discredit the cryptocurrencies, because cryptos can save us from poverty and slavery.

The news against BTC indeed seem terror messages made on purpose.
There have been too many, too frequent and too aggressive fake news, and i felt like something is fishy about them.

Bitcoin is a way of letting common people have their own money in their hands like normal cash, and exchange money[1] with other people directly from remote (that is a plus compared to cash ).

This is good for us, not for the evil ones.
Our beloved gov guys prefer us to put our money in a bank account, which is like we are lending them our money and hope we will see it again.
That is also why the govs are trying to reduce or ban normal cash ( e.g. read this https://www.zerohedge.com/news/2016-12-14/real-reason-elites-want-ban-cash , or this http://moneywise411.com/government-attempts-to-ban-cash-whats-most-disturbing-is-why-theyre-doing-it/ ).


Go crypto and HODL my friends.
They fear crypto because it can save us




---
[1] With "exchanging money" i don't mean just forex trading, but all commercial exchanges like buying goods directly from other people
---

Lots of people are diverting their funds in cryptocurrencies and banks sees this industry as a fierce competitor. How to kill your competitor? Create negative news about it to scare people away from it.
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Board Economics
Re: Economy in your country
by
dogz12
on 19/05/2018, 04:22:57 UTC
An economy is a zone of the production, appropriation, or exchange, and utilization of merchandise and enterprises by various operators. Comprehended in its broadest sense, 'The economy is characterized as a social area that underlines the practices, talks, and material articulations related with the production, utilize, and administration of assets'. Monetary specialists can be people, organizations, associations, or governments.
Good or bad, i think the economic situation of a country depends on what side you are on in the society. For politicians, they will brag that the economy is strong and doing good but for ordinary people like us, is something else. Prices of every commodities are soaring high, from crude oils to electricity down to smallest commodity. Basic salaries are not enough to make ends meet, thus for us ordinary people, we are in an economic crisis.
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Board Bitcoin Discussion
Re: Panic sellers, please head for the exit (and don't come back)
by
dogz12
on 18/05/2018, 03:59:40 UTC
Dear Panic Sellers,

If the news about Google Ads and Facebook, as well as bubble-bursting warnings from "respectable" institutions such as universities, economists, banks, opinion makers, investors and governments have convinced you to sell your coins,

If you let yourself be influenced by the messages and actions from these corporations and governments,

You have not understood a single thing about Satoshi's libertarian dream of decentralization and liberty and cannot cope with the responsibility that comes with these liberties. You were only hoping for some quick profit to sell for fiat... Now that you're losing dollars, you are crying all the way... well... to the bank.

I hope you got out completely and never will return, because I am convinced you are as big a threat to Satoshi's dream as the corporations and law-makers that convinced you to panic sell.



PS: To my fellow believers: HODL.  Smiley
Well we can never do away with panic sellers. Their are a lot of newcomers in this industry who are not familiar with how the market works. All we could do is remind them not to get emotional during dips to do away with panic selling.
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Board Economics
Re: What happens when there is NO electricity? How does one trade with BTC?
by
dogz12
on 17/05/2018, 05:16:23 UTC
We hear in the news that many people in countries that have currency issues are starting to trade in BTC - for example, Venezula.

My friend asked me what about in regions where they lose electricity, how would they trade with BTC?

For example Puerto Rico is right now devastated by the hurricane, and many parts of its region don't have electricity.  A lot of people need to buy food and even fresh water.

Is there a way to still trade with BTC in such situations?  

Can P2P trade still occur despite having any connection to the greater block-chain network?  Keep in mind that it's easy to charge mobile phone so they have access to wallet apps, but probably not the Internet.

I don't know too much about mobile data networks, but I doubt one's 4G/LTE data plan would work in such situations.  I assume that data would have to be relayed to a tower/dish before it's sent to satellites.  Am I correct?


If there is no alternative source of energy then you simply cannot transact or trade if you do not have electricity. You can ask somebody who you can trust and do the transactions in your favor or move to another place that has electricity.
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Board Bitcoin Discussion
Re: Should government consider bitcoin as a legal global currency?
by
dogz12
on 14/05/2018, 04:51:05 UTC
Japan already made bitcoin a legal currency. Would you consider your countries to also pass a law recognizing bitcoin as a legal form of currency?
If it would be recognized by the law then it would lead to bitcoin being legal tender which will soon lead to the eradication of local currencies, possible but not at the moment nor for the next decade or so. There are a lot of small businesses in our country and a lot of people who cant simply afford and understand this technology.
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Board Off-topic
Re: Bitcoin & College students .
by
dogz12
on 13/05/2018, 04:59:47 UTC
  I believe that a huge portion of the the crypto community are still young college students that don't have any necessities that need another source of income aside from their scholarships / the money they are getting from their parents .
And apart from spending their cryptos on either betting or purchasing goods/video games from online markets , many of these students didn't make plans for what they'll do with their coins in the future.
  I myself have had many thoughts about hodling and launching a business as soon as i graduate with the coins in my possession , yet i'm not exactly sure what i'll be doing ..
So i'm really curious about :
- On what do you spend your coins apart than partying/gambling/paying for tuition loans ?
- Do you have any future plans for your coins if you are hodling any ?

There are a lot of things in my mind that i would use my holdings for, buy a house, a car, real state or hold till my retirement but definitely not going to use it for gambling or partying. Unlike these students who would not mind spending their coins on anything, i would spend it only on useful things.
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Board Economics
Re: How can we make this world economically better?
by
dogz12
on 13/05/2018, 04:51:39 UTC
The society is divided into haves and haves not, poor people are getting more poorer and rich people are getting more richer, Value of money is decreasing and inflation is increasing, Many people around the globe suffer death mostly Africa and asia because hunger and unable to fulfill basic human needs.
What actions should governments need to take and how individuals can contribute?
A lot of people here are now gaining a lot of money from their profits with cryptocurrencies. One way to help economy is to declare your income with coins in you ITR's. Taxes collected from it would be a boost to our economy.
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Board Economics
Re: can you imagine bitcoin as your prime currency.
by
dogz12
on 13/05/2018, 04:42:07 UTC
Every one has his own speculation about bitcoin every ideas matter. Guys what's yours.
It would be a great idea but i would stick with reality. We belong in the third world country and acceptance of bitcoin as a means of payment is not that largely accepted in our country. It would take a very long time for it to go mainstream if ever it would be. But i do imagine myself being rich with bitcoin.
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Board Economics
Re: Do you think the whales are manipulating the markets
by
dogz12
on 12/05/2018, 04:48:40 UTC
Hi guys ,
Do you think the whales are manipulating the markets ?? Has any one noticed that the current bull run that has been on for the last few weeks comes to a halt every time it reaches the 10 k mark and slides down . My theory is that whales sell at 10k and then create fud so market slides down only to buy back and pump . What do you think ?
Very much possible i think. Whales are rich people who has the capability of affecting the prices of bitcoin. When prices are low they tend to buy large amount of coins to pump up the prices and they can also lower the prices by dumping their large holdings.
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Board Economics
Re: What are the challenges for investment with Small capital?
by
dogz12
on 11/05/2018, 04:37:23 UTC
In the study of economics, Investment mean any addition in physical stock as well as stock of finished goods,  or you can say any putting money in anything for the motive of profit.I want to know your opinion that what are main challenges for small investors in any type of business now a days, If he/she has nothing after his investment?

One challenge would be if you lose your investment there would be nothing left for you to gain back on what was lost since you have nothing left after your investment. See it is not right for you to go all in in investing. Too much risk is at stake if you do this.
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Board Trading Discussion
Re: How I handle crypto regret
by
dogz12
on 10/05/2018, 04:53:46 UTC
Regret is an inevitable state of mind in crypto at one point or another:-

why didn't I buy that coin when it was $0.50?
why did I sell this coin early?
why didn't I take profits on the way up, only to see the value fall 50% in a market crash? (a lot of us in the last crash!)
why didn't I buy the dip?
why did I FOMO and buy at the ATH and now I'm holding an unrealised loss?
why didn't I buy more of this coin?
We're all going to make "mistakes" that lead to a feeling of regret and self-admonishment.

I have a couple of strategies here to help me dampen the feeling of regret.

1. I have to realise that regret is largely based on a "maximalist"/perfectionist mindset, which is both unrealistic and unhealthy. We are attached to the notion of maximising profits. But what would that involve? It would involve being the perfect, machine-like investor. Always buying low, selling at an ATH, taking profits at the perfect time. It's an impossible standard to live up to.

If I make a profit, I compare my profits to the stock market. If you do THAT, realise you're likely "killing it" even with a "modest" 100% gain (it's ridiculous even to put "modest" here). If you can make a 10% gain a YEAR in the stock market, that's considered a success.

Also realise that the maximalist attitude is largely shaped around only hearing one side of the story of other people's trades. People boast when they're winning, and they're quiet when they're losing. Therefore, you can start to think that everyone's doing incredibly well.

2. I can only compare myself to the other me who didn't get into cryptos at all. That's your baseline to compare to. There really is no other baseline. It's damaging and outright delusional to compare yourself to the "perfect you" that always bought at the exact bottom and sold at the exact top. That you does not exist. It's a damaging fantasy that always leads to you beating yourself up about not making the most optimal decision at each and every turn. Cryptos can quickly lose its fun if you think along those lines.

Are you in profit (as in cashed out your initial investment + profits in fiat)? Then you're winning - you're doing better than the other you that didn't bother with cryptos. Congratulations. You should extinguish any regret, and actually feel contentment at your achievement. Forget the "what ifs?" - you made a decision that has made you better off financially and you've learned a fair amount along the way.

Are you holding an unrealised loss? Then know that it's unrealised and while that can be stressful, you're doing well to hold on and you can be proud that you haven't sold yet. It won't fix the regret so easily, but you have the hope your unrealised loss can turn into a realised profit.

Are you actually making a realised loss in cryptos? Of course, this is the hardest situation of all. All you can do is see it as a lesson you paid for. Nothing is without value, and you will have learned something along the way. You gave something a try, and financially it didn't work out. You may not be out of the game, so you could be in profit in a few days or weeks' time. Or maybe you've just had enough. Fair play. Know that you're actually in a big group of people. Lots of people have faced your situation and come out the other side OK. I lost a fair amount of money in Forex a few years ago. I felt crap for a while, then I stopped feeling crap. Luckily, life moves on. Actually, without that experience with Forex, I doubt I would have found any interest in cryptos - and I have profited from cryptos much more than my Forex losses - so there is that. Plus, cryptos are a LOT more fun than Forex.

I know that everything above is purely based on financial regret, and the counterargument is that "there's more to cryptos than just making a profit" - but when it comes to regret, it's almost always about money.
A gain is a gain no matter how small it may be. Better to gain something than to lose something. Learn how to be contented of how much you gained and do away with greed.
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Board Trading Discussion
Re: How do I stop panic selling cryptocurrency?
by
dogz12
on 09/05/2018, 05:33:15 UTC
The question itself is the answer “PANIC”.

Everyone knows cryptocurrency market is highly volatile and risky.
And most of the people do emotional trading.
They sell when it is crashing. And suffer from the loss. They panic and sell in the loss.

What is the point in selling at low?
One must wait for the market to turn green and bullish.

The way to stop the panic is to not engage in panic-inducing activities such as day trading.
It is like the old joke; a man goes to the doctor and says my arm hurts when I put it overhead.
The doctor says don’t put your arm overhead Grin

If you are in need of urgent money than selling is OKAY but for profit, HODL is the best.
Dont put all your funds in cryptocurrencies so that you can have something to pull during emergency situations other than selling your coins. Stay away from the market during dips to avoid being emotional. Stay calm and be positive about things.