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Showing 20 of 74 results by dowellness
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Board Economics
Re: Philippines starting to accept and adopt cryptocurrency.
by
dowellness
on 03/11/2018, 07:12:48 UTC
That's a great news some establishments are accepting bitcoin and I think I can even put some money on my wallet online if I want it to invest in my favorite currency. That can really a easy way to change my currency to cash if I really needed it.
Great news. My brother lives there i want to reach this news to my brother i am pretty sure he become happy after hearing this. Whenever my brother need money i send him via bitcoin but when it about to withdraw most of people don't accept it.
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Topic
Board Economics
Re: What can be done to make bitcoin stable?
by
dowellness
on 01/11/2018, 05:46:57 UTC
Bitcoin prices will never be stable, because bitcoin has a very strong influence from very limited supply and very high demand making bitcoin very difficult to be stable there will be price movements because of the influence of buyers and sellers interacting with each other.

Yes, bitcoin is known for its volatility and bitcoin price will never become stable, this made bitcoin very popular now. And because of big investors manipulating it, being stable will never happen.
there is no point in making bitcoin stable, with its fluctuating nature, bitcoin makes traders interested. basically if purchase and sale are same, price can be stable, but it is very difficult to control like that
Bitcoin and all cryptocurrency won't be stable either they increase or decrease.I am wonder why you want to make it stable where it can only give profit when it increase.
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Topic
Board Economics
Re: Tell us about your experience
by
dowellness
on 30/10/2018, 05:22:41 UTC
Friends  Wink
I want to share your experience with you.
Since the first time I got to know cryptocurrency I initially did not believe that cryptocurrency can help my economy, after I did it in various ways to work, finally now I can meet the economic needs of my family.

On the other hand I also read articles that they can also provide loans to help others.

And in this forum there are also people who provide ways to help their economy.

Quote
It can surely help the world economy in the following ways;
* Increase job opportunities as people can work from home and get paid in BTC which will benefit both the employer and the employee.
* Provide flexibility in online payments.
* Eliminate the need for exchanging fiat money as BTC can be used worldwide.
* Can benefit e-commerce websites in various ways.
These are just a few ways BTC can help to grow the world economy and I am sure there would be plenty much other ways which I can't think of right now.

Now, what about your experience? let's share experiences.
May you also succeed with cryptocurrency  Smiley
About earning well earn a lots of money with bitcoin and cryptocurrencies. I did trade i lose some money too but the lose wasn't big.
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Topic
Board Economics
Re: Philippines Legalizes Cryptocurrency Exchanges in Economic Zone
by
dowellness
on 27/10/2018, 10:44:42 UTC
This is good news for all of us Crypto users, we will have a positive view on this as we trust the crypto economy to help develop the country

As a Filipino and the same a bounty hunter and bitcoiner, I am one of the people who are happy to hear this news. This could have a positive effect for the cryptocurrency world. Because of this, more Filipinos  more people will be aware and know about the cryptocurrency.
Yes, there are lots of crypto lover and bounty hunters in Philippines and it will really give them a level of confidence and they can now work with much more ease.
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Topic
Board Economics
Re: Why everyone only invest in the crypto market?
by
dowellness
on 27/10/2018, 09:30:37 UTC
I think they invest in crypto market because its easy to understand and like other said you can earn a lot but high risk . I see some crypto-enthusiast that success in this kind of market and they are give a tips to other to how to win and avoid loss . You are right in saying the investing in one basket is risky because of this lose you will never back again and you cant do anything more , so i want to decide to put my money in different investment incase of what happen if lose or win .
People are to much impress with cryptocurrency features. Low transaction fee. Not paying tax and using world wide these advantage makes everyone shocked.
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Topic
Board Economics
Re: Where should we focus this year?
by
dowellness
on 27/10/2018, 06:54:37 UTC
If you want to focus on something then focus on it at the beginning for you to achieve what you wanted and what you want to have in the future. At this point, I really want to save more, but as of now, I can't save more because of a lot of expenses we have right now. Maybe for the next few months, I can able to save some even a little. Little savings will still a big help for us.
There are many ways to raise a little money if you are faced with your monthly fee selection,I suggest that you save even if small in this month so that it will get used to if you are faced with future costs.You must focus on saving if that is your choice.
Well i think its a silent message for those people who are greedy and invest there all money without knowing how block chain work and how it can gives you profit.
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Topic
Board Economics
Re: How can we get people to use bitcoin as a currency?
by
dowellness
on 27/10/2018, 05:42:11 UTC
Bitcoin is not a good idea as a currency. Although Bitcoin’s goal was to become a currency, Bitcoin now looks more like an investment product than a currency. Its dramatic price fluctuations are not conducive to being a medium of exchange.
I don't think stability of bitcoin can help to make people use it. IF it become as a currency no one use it. Whatever is now is better for bitcoins.
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Topic
Board Economics
Re: Government should implement blockchain technology to prevent corruption.
by
dowellness
on 26/10/2018, 10:03:29 UTC
Any government official in their right mind would want to delay the implementation of blockchain technology as much as possible. Their careers' success are essentially based on deception: say what the masses want to hear and do what personally benefits' themselves and their backers. This would be much harder to do and they'd have to finally become men/women of their word.
I don't thing implement the blockchain technology can help to prevent corruption. Rather it can increase it also help criminals grow there illegal business.Kindly Correct me if i am wrong.
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Topic
Board Economics
Re: Is there any chance of having one global currency?
by
dowellness
on 26/10/2018, 07:59:18 UTC
The world has one global currency, I think it's impossible. To make everyone have the same thought is impossible, and surely there will always be those who oppose or support, and it will be difficult to make one global currency.
I think you're not aware but there's already a currency which is rule the world. Its "Dollars". If you're thinking that bitcoin can become global then i should advice your to stop watching dreams because it will never happen.
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Topic
Board Economics
Re: CryptoCurrencies around the GLOBE
by
dowellness
on 26/10/2018, 06:47:45 UTC
What do you think about the popularity of Cryptocurrencies around the world, do you think many people now are aware of this Technology currencies?, how much percentage would you think and how can we expose and spread this? Smiley Smiley
It doesn't totally reach in some countries and bitcoin for them is still unknown,by some parts of the world bitcoin was heard and seen on television or in the news but not totally educated by many.Knowledge is very important in cryptocurrencies and hoping that no one could ever take advantage to scam people because bitcoin is very useful if we just used it in a right way.
I my self thinking to leave fiat and move to bitcoin and block chain at least they don't apply highly tax and fee like banks.
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Topic
Board Economics
Re: List of Decentralized/Centralized Exchanges
by
dowellness
on 26/10/2018, 05:58:42 UTC
but of course government must regulate it, and it can be used for prosperity of its people. but indeed we have not found government policy in most countries in the world
Are you talking out of your ass? Governments can't do anything to regulate decentralized exchanges, and for that reason will refrain from doing so. Instead, they prohibit other aspects of crypto uses.

People for once need to stop thinking that the government has to regulate everything in order to be useful or legal. The government doesn't care about you, so why should you care about them?

Them regulating markets means less overall freedom for you and me, which is exactly why I like the idea behind decentralized exchanges so much. We no longer have to wait for the approval of governments.
I think this topic would be good for newbies and those who want to learn about crypto currency. your topic is easy to understand since you describe with good presentation this topic should sticky.
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Topic
Board Economics
Re: Fiat Currency Always Fails
by
dowellness
on 25/10/2018, 07:31:37 UTC
I mean let's face it, it's easier to handle money electronically than with papers in the hand. And if we compare fiat on the bank account and the blockchain money guesses who have the advantage...well not quite yet, but the potential for the blockchain is huge.
It is not always more convenient to work with electronic money, although in some cases they are better than fiat. These two types of currencies have their advantages and disadvantages in use and will only go together. Cryptocurrency will never replace the national money of states. Cryptocurrency can not interact with the economy of the state, as national money does. In addition, the cryptocurrency has a high degree of volatility and, due to even these two reasons, it can never replace the usual currency.

Fiat currency has been there for more than a century and still it is working. You cannot call it a failure so easily and it will not be completely eliminated. Digital currencies are better and good but not everyone is at ease using them. Also you need technology to be able to use them unlike fiat which even an illiterate person can use easily.
Fiat is much different that bitcoins. Paper money is Centralized and usually control by governments. It will fail because  many government agents are  behind it. Where bitcoin is decentralized and its nature is increase.
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Board Economics
Re: Please, we should not totally eliminate fiat currency
by
dowellness
on 25/10/2018, 06:16:38 UTC
really true, we must still use FIAT to transact as an alternative currency where we can also use cryptocurrency easily and safely as the main currency
because these two types of currencies have different advantages and disadvantages, so we must still be able to use these two currencies correctly and according to their portions
I think government also want people to use fiat they're not against bitcoin we can use it but at least not eliminate the fiat because that tax which we are giving to government is help to develop our country.
You're right those peoples who are involve with cryptocurrencies are slowly leaving the fiat. I think that's the reason why government want people to stop using cryptocurrencies by banning them.
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Topic
Board Economics
Re: Be Creative and Earn
by
dowellness
on 24/10/2018, 11:54:34 UTC
It is very cool when you have any talent. And it is desirable to develop it from childhood. Therefore, it all depends on your parents, how attentive they will be to you and whether they can find out in time what your talent is. And then they must guide you in the right direction and develop it. But again, it is not enough to have only talent, you need to figure out how and where to apply it correctly, like this guy in your picture.
If you nothing but you have skill you still can earn. If you're a good graphic designer you can earn money by design website or making logo. You can ask people to pay you with bitcoins rather than PayPal or any other payment sites.
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Topic
Board Economics
Re: Will Africa be a good place for crypto?
by
dowellness
on 23/10/2018, 11:40:35 UTC
Every country can be a good place for cryptocurrency. But I think it will become better if it will establish in the country that is industrialized already. Africa is good also because a lot of natural resources can be found in this continent. There are many things to be developed and of course, they can make it specially, nowadays that there is a globalization.
Africa is a big continent and bitcoin can have a great potential there. If only Africa can adopt it fully, it will mean a lot of support and strength for bitcoin.
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Topic
Board Economics
Re: Friends reactions to crypto currencies?
by
dowellness
on 23/10/2018, 11:04:54 UTC
I was questioned on crypto currencies legalization. I explained the facts happening around. Few received it with convincing reactions and few just ignored it. I really felt bad for the guys who did not care about crypto currencies as I really know the fruitfulness? I happily taught few others about crypto currencies. What was your friends expression when you introduced bitcoin to them?


I once shared about cryptocurrency to my close friends. They ignored me and they thought of it as scam but I continued with I am doing. They even laughed at me and they told me that what I am saying about crypto is not true. Now that my life is getting better through it they are becoming curious.
Well almost all of my friends are aware about bitcoin but they've never invest with them. Someone give them wrong info about bitcoin. When i convene with them they start fighting me and talk wrong about bitcoins.
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Topic
Board Economics
Re: Sick and tired of the cryptocurrency bullshit!!!
by
dowellness
on 23/10/2018, 10:32:01 UTC
Warning! Ranting ahead!

I am getting really pissed at the state of the markets. Despite positive news, the market is still pissing blood. Why?

Tons of videos on YouTube over and over again and again, hyping the crap out of this or that coin, anticipating something. But what for. The prices are not moving up when they should be.

What is the point of being excited when market is being manipulated by the most despicable creatures on the planet who see themselves above everyone else.

From my point of view it looks like TPTB saw people getting rich and becoming independent and they couldn't allow so many wealthy individuals in society so they came up with a plan to end this.

If you look at prices you can see how prices hardly change anymore. Heck most of the time Bitcoin prices remain at 0.00! in the hour! Why because they probably set up their bots to pump and dump their coins based on market movement to keep the price the same to prevent people from making money. This isn't so impossible to be true you know.

Just set up some bots and millions worth of money and when ever market provides a hint of an improvement dump it, and when even it going bad pump it. Keeping the prices relatively stable.

I mean why on Earth would anybody in their right mind sell, or setup their bots to sell when positive news is everywhere. It just doesn't make sense. It just an evil behavior that is all.

Perhaps this is already the cycle ecosystem of this business industry, were the market was manipulated by the whale investors. And we as an ordinary traders won't do anything about it to make our way to get profit thru doing trade in the market, where most often the players in every exchange are still come what may accepting the fact. But of course we shouldn't be stop why we are here.
Take a suggest, buy some bitcoin and forget about them better to hold them for some years. I know it would be hard for you but that's why bitcoin work.
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Topic
Board Economics
Re: Is it the best time to buy cheaper crypto while Bitcoin is at high price?
by
dowellness
on 23/10/2018, 05:55:02 UTC
So many crypto currencies are coming UP . They are much cheaper  than Bitcoin for now. It is so hard to decide  which to buy . Some are in good promos, to buy or invest to it while it is cheaper and sell when the price Will getting high. Is it a good idea to buy while we can not afford yet Bitcoin?

Well, so far Bitcoin and crypto are both in declining market but the price value of bitcoin remain stand in between 6400$ to 6800$ while crypto also was unstable were some of its value in the altcoins are sometimes get pumped and dumped. However, for me the way to do is to buy bitcoin even for a small amount then hold as much as possible at least you have a portfolio on bitcoin.
I think a wait of year can gives you some profit but not enough. Where bitcoin can gives you chances of highly profit in a year.
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Topic
Board Trading Discussion
Re: What's your favorite exchange?
by
dowellness
on 22/10/2018, 12:15:32 UTC
binance can be one of my favorites to be used as an exchange option, this happens because now binance has a large volume and is also one of the markets with good prices. so it's not wrong to choose binance.
I start exchanging with binance first this site was good and helps me change my bitcoin into fiat. Later they start increasing the fee which makes me really disappoint so i leave this site and chose other exchange.
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Topic
Board Economics
Re: Why the price of bitcoin rapidly going down
by
dowellness
on 22/10/2018, 11:30:09 UTC
current prices do not meet expectations. that's why we've hurt but maybe it's normal. Improved manipulation did not reflect the truth, perhaps. it wasn't a balloon, but it just kind of exploded temporarily. not expected a serious movement for a long time.
current bitcoin and altcoin price rapidly down, and its harmed all investors.if this condition run for long time ,i am scared many investors will leave cryptocurrency market.

You don't need to be worried about this things since we all know how volatile cryptocurrency is and when mostly the price of Bitcoin and other cryptos pumps.

Instead of worrying other's investments, better make a strategy that will give you a good profit in your own investments. They will be making their own and you should do too since the time is closing when the usual pump is happening especially on Bitcoin. Let's be patient since we all know how it will go.
Many peoples are complaining the decreasing of bitcoin and most of bitcoin users left the cryptocurrencies by thinking its dead. Let me remind them that its just temporary fall down.