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Showing 20 of 120 results by dyewic
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Board Bitcoin Discussion
Re: is bitcoin over?
by
dyewic
on 03/04/2018, 15:57:22 UTC
I still remember bitcoin at $3500 and I was like wow !! Then it just mooned. Not it is just under $7000 still much higher than $3500. People don't read and freak out. India was not going to ban bitcoin or crypto just illegal use of it and that goes with most things but people freak out. Then the thing with the finance minister and Korea and China always causing a stir. Maybe people are over it now and calming down and realizing crypto is here to stay and won't just disappear overnight. It is like worrying that the internet itself will one day not be there.

I strongly agree on your opinion and also still remember bitcoin at $3500 and I was like wow !! Then it just mooned. Not it is just under $7000 still much higher than $3500. People don't read and freak out. India was not going to ban bitcoin or crypto just illegal use of it and that goes with most things but people freak out. And adding also my opinion that, most people who invest in crypto lose, the price reduction of bitcoin and altcoin may be caused by the world economy, I think almost all investments have decreased, in my opinion this is only temporary and now I just hold and wait for the price rise. In addition, as long as there is support and keep the good name of bitcoin, bitcoin will never end.
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Board Bitcoin Discussion
Re: why all coins are going down..?
by
dyewic
on 03/04/2018, 14:52:30 UTC
I think the market at this time is very bad because most of the big investors are selling all of their assets to USDT and waiting for the Asian New Year. At this point trading is very risky because the Cryptocurrency market can collapse at any time and you should sell right away to be able to buy at better prices.

I strongly agree and also think that, the market at this time is very bad because most of the big investors are selling all of their assets to USDT and waiting for the Asian New Year. And adding also my opinion that, I’m sure that there is no point in selling at this low level. You will loose the funds, you will loose the profits and then prices will start rebounding in couple of weeks. In addition, The fluctuations in price of Bitcoin is very common.Not only in bitcoin,in all Crypto currency including ETH,litecoin,Monero,Waves and so on.In the trading of Crypto currency,raise and fall is very common.Use both the option,if the price reduced inverse your money in that coin and hold it till reach good value.
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Board Economics
Re: Bitcoin as national currency?
by
dyewic
on 03/04/2018, 04:00:46 UTC
in 2008 satoshi nakamoto created the bitcoin and the blockchain technology , which allowed us for the first time in our history to send money world wide without the need for a bank or financial institution , this technology is revolutionary and even though its not intuitive it is obviously changing the financial landscape so yes we might see this situation in the very near future as even the people who are against the bitcoins are interested in blockchain.

I strongly agree on your opinion that, in 2008 satoshi nakamoto created the bitcoin and the blockchain technology , which allowed us for the first time in our history to send money world wide without the need for a bank or financial institution , this technology is revolutionary and even though its not intuitive it is obviously changing the financial landscape so yes we might see this situation in the very near future as even the people who are against the bitcoins are interested in blockchain. And adding also my opinion that, some countries like Japan, Denmark, Germany see bitcoin as a national currency. Governments encourage people to use bitcoins. They create all conditions for bitcoin to develop. In addition, the government will not allow bitcoin as the national currency.bitcoin still have to face many regulations in the world.
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Board Speculation
Re: Why is BTC dropping every week?
by
dyewic
on 02/04/2018, 11:03:13 UTC
Well the current decline of bitcoin and other altcoins could be attributed to so many factors and one cannot be optimistic on when the decline will stop though some speculators are of the believe that the market has reach the minimum bottom and we should expect an upward trend soon. 

I strongly agree on your opinion that, the current decline of bitcoin and other altcoins could be attributed to so many factors and one cannot be optimistic on when the decline will stop though some speculators are of the believe that the market has reach the minimum bottom and we should expect an upward trend soon. And adding also my opinion that, just keep buying if you still have the financial muscles to invest, After all you are helping your own course. And demand is low now this the reason why price keeps sinking. It takes people like you to increase the demand for bitcoin. In addition, one thing i can tell is that bitcoin is here to stay for a longer period of time, i am not talking about the alt coins, i wonder what all coins will be active a few years from now and we may not see all the coins that are created in five years time.
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Board Bitcoin Discussion
Re: Why Bitcoin is better than Cash.
by
dyewic
on 01/04/2018, 11:40:40 UTC
It is not better than cash nor cash is better than bitcoin , both of these are termed as currencies by many but they have totally different features for example bitcoin price changes and isn't stable like cash , to make payments to someone using bitcoin we have to pay a fee which isn't there for cash , holding bitcoin is more profitable than cash all these differences are not similar at all hence bitcoin is like a investment while people can invest in cash

I strongly agree on your opinion that, it is not better than cash nor cash is better than bitcoin, both of these are termed as currencies by many but they have totally different features for example bitcoin price changes and isn't stable like cash and to make payments to someone using bitcoin we have to pay a fee which isn't there for cash. But on my opinion I think that, bitcoin is always better than cash for our bitcoin earnings, we are not accountable to government and we need not have to pay taxes unless it is legalized in the particular country. In addition, Both Bitcoin and cash has its advantages and disadvantages and in my opinion both of them are good. But Bitcoin has slight advantage over cash as if you store your Bitcoin the price is continuously increasing while cash is fixed. On the otherhand, Most of the benefits you mentioned aware deprecated and new biggest advantage added, Like zero transaction fees no time transaction is no more exists.
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Board Bitcoin Discussion
Re: Why do you love Bitcoin?
by
dyewic
on 01/04/2018, 01:08:45 UTC
I am inserted to see what happens next with the bitcoin. The prices are volatile and I love investing into it whenever it goes in the downtrend. This gives me far greater opportunity to earn money with sure shot profits over the time. I love the way it teaches us to wait and have patience. The money management skills can also be obtained from the bitcoin investment as we have to choose carefully from our savings, daily life expenses and investment values. These all are part of the bitcoin investment whether they are indirect or direct it doesn't matter at all. Moreover, bitcoin's financing options are tremendously great and it would be worth watching it grow in the near future. For this and all the other reasons I like it  a lot.

I strongly agree and also inserted to see what happens next with the bitcoin, the prices are volatile and I love investing into it whenever it goes in the downtrend and this gives me far greater opportunity to earn money with sure shot profits over the time. And adding also my opinion that, I love bitcoin it give me opportunity to earn and get high profit and transaction are so easy and fast and cost are too low. In addition, I love bitcoin the way for what it is, Eventhought price of it is not that stable but I know how to accept everything if ever I lose my coin because of price dropping.
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Board Bitcoin Discussion
Re: Philippines is starting to accept bitcoin.
by
dyewic
on 06/03/2018, 17:10:47 UTC
Actually bitcoin is already legal here in the Philippines.  I even read an article wherein the Central Bank of the Philippines is welcoming and announcing to public the legality of bitcoin.  They just warned everyone to atleast be safe as bitcoin is really risky.  But with this news it will even be more familiar and popular with the Filipinos.

I strongly agree on your opinion that, bitcoin is already legal here in the Philippines and  I also read the article wherein the Central Bank of the Philippines is welcoming and announcing to public the legality of bitcoin. And adding also my opinion that, When a country decides to accept bitcoin this means good news for bitcoin, the chances to grow are now bigger. On the other hand, Bitcoin is already accepted in Philippines before and has been already regulated by Philippine Central Bank and accepted to many Filipinos.
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Board Bitcoin Discussion
Re: Is Bitcoin a currency or asset?
by
dyewic
on 06/03/2018, 15:52:09 UTC
I think it is store of value like gold and at the same time currency, similar to fiat money.
This makes bitcoin superior than both of them as well.

I strongly agree on your opinion that, it is store of value like gold and at the same time currency, similar to fiat money. And adding also my opinion that, bitcoin is both a currency and an asset, since the previous reply defines what an asset is and bitcoin fits it if you do not consider it as a currency. In addition, this means the price will remain volatile as more people adopt bitcoin and make it go up and this will probably last at least another 5 years. On the other hand, Bitcoin is not yet a currency because it is not yet legally accepted worldwide but it is certainly an asset and I think in the near future, Bitcoin can considered a currency once legalized.
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Board Bitcoin Discussion
Re: Why Bitcoin is Different From Other Currencies?
by
dyewic
on 04/03/2018, 16:13:47 UTC
which makes bitcoin different from other currencies is quite high security, no one can manage including the government. And can not be added anymore amount.

I strongly agree on your opinion that, no one can manage bitcoin including the government and can not be added anymore amount. And adding also my opinion that, Bitcoin has the smartest an best developers in the world who have been coding and working on forms of digital cash since the 90s. In addition, Bitcoin is different because it was first and because it has the most support and bitcoin has developed infrastructure and sparked the fire that is our cryptocurrency. On the other hand, Bitcoin is not a currency but also Bitcoin is considered as a new business hub, I think that is the difference between Bitcoin and other conventional currency.
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Board Bitcoin Discussion
Re: What makes Bitcoin valuable?
by
dyewic
on 03/03/2018, 07:18:12 UTC
it is also the usage of bitcoin that makes it more valuable. Satoshi created a decentralized payment system for anyone to use without any problems or restrictions. and as bitcoin gets closer to being a real currency instead of just being for speculation, the price of it grows and that makes it more valuable.

that is why i am very excited about Lightning Network because it helps with the currency aspect of bitcoin with fast transactions and low fees. hopefully we can get cheap on chain transactions back so that LN can work better.

I strongly agree on your opinion that, it is also the usage of bitcoin that makes it more valuable and Satoshi created a decentralized payment system for anyone to use without any problems or restrictions. And adding also my opinion that, These are anonymity and the possibility to make international transactions for a very small fee and its also a decentralized currency, which is very important. In addition, Bitcoin has a limited supply and the basic economics system which is supply and demand works in BItcoin. On the other hand, BTC is valuable, because it is valuable, the same reason anything else is, something is worth what someone is willing to give/trade you for it.
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Board Bitcoin Discussion
Re: will people lose intrest?
by
dyewic
on 02/03/2018, 15:30:54 UTC
Well, I think that might be a good question to ask since of this price surge of bitcoin this past weeks and it seems many are trusting bitcoin that it will grow up for more, that it will never stop but if many would turn downed by bitcoin I think interest to other cryptos as well will make them think it will be the same. If ever bitcoin dies (not gonna happen I suppose) I will invest more on Ethereum and Monero probably.

I strongly agree on your opinion that, it might be a good question to ask since of this price surge of bitcoin this past weeks and it seems many are trusting bitcoin that it will grow up for more, that it will never stop but if many would turn downed by bitcoin. And adding also my opinion that, Some people lose interest to invest in altcoin if bitcoin dies because this is their top priority and people keep lowering crypto can be said bitcoin will disappear, good crypto is ethereum and litecoin. In addition, I think we’re just getting started as far as the crypto currency market goes, with or without bitcoin. On the other hand, All these forks are going to turn bitcoin into a joke as looked at by big business and the media.
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Board Bitcoin Discussion
Re: For how long will bitcoin exist
by
dyewic
on 01/03/2018, 07:26:30 UTC
In my opinion, as long as the internet exists, bitcoin will remain there anytime.

I strongly agree on you opinion that, as long as the internet exists, bitcoin will remain there anytime. And adding also my opinion that, I think that Bitcoin will last a long time because the technology is evolving right now and so will be in the future. And I think that most people will use virtual payments and how would it be better than via Bitcoin. In addition, I think bitcoin not lose as soon, bitcoin is a hope of huge amount of cryptocurrency traders and bitcoin is a payment medium of many projects and ico's. On the other hand, It's unpredictable, but it will still be a long run for bitcoins and other cryptocurrencies.
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Board Bitcoin Discussion
Re: Why does China hate Bitcoin?
by
dyewic
on 19/02/2018, 04:11:28 UTC
The chinese government or central bank is not CHINA.The people of China love bitcoin and cryptocurrencies.
Why it`s so important for the authorities in China to track all transactions?Taxation,money laundering or something else?Total control over the financial system is almost impossible.

I strongly agree on your opinion that, the chinese government or central bank is not china and the people of China love bitcoin and cryptocurrencies. And adding also my opinion that, I believe that the Chinese government is trying to find a way to stop their citizens on money laundering from trading of bitcoins, and I also believe there might be a small group of wealthy Chinese citizens who are trying to evade paying taxes to the Chinese government. In addition, I think they do not hate bitcoin, but due to the nature of the secret transactions make the Chinese government anticipate by blocking it. On the other hand, they just issuing the ban of illegal ICO's that might be the one may cause of the downfall of bitcoin and China fears that most of money laundering is done using bitcoins.
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Board Speculation
Re: bitcoin worth it or not?
by
dyewic
on 18/02/2018, 17:36:33 UTC
It always depends on the user, because some truly learn and understand the importance of bitcoin, whereas some get scammed and the same makes them say bitcoin is a scam and they spread the same. When similar things get fade off, automatically people will realize the value.

I strongly agree on your opinion that, its always depends on the user, because some truly learn and understand the importance of bitcoin, whereas some get scammed and the same makes them say bitcoin is a scam and they spread the same. And adding also my opinion that, if you just have a glance at the previous price history of bitcoin,then you would definitely get confident to invest in bitcoin. In addition, there is no such in this world today which could provide such a high return within such a short period. I would say that buying bitcoin is far enough than mining. On the other hand, Bitcoin is good for quick profits if you can invest a decent amount at the same time of purchasing it.
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Board Bitcoin Discussion
Re: If people stop buying bitcoin
by
dyewic
on 18/02/2018, 14:59:07 UTC
If there is no demand then the price will go to 0$ but as mentioned above, that's unrealistic and impossible to happen.

I strongly agree on your opinion that, if there is no demand then the price will go to 0$ but as mentioned above, that's unrealistic and impossible to happen. And adding also my opinion that, it doesn't people at a certain level only stop buying at a certain price if that happens the next thing that the sellers will do is to drop proces until a buyer will match their price. In addition, as long as exchanges are a thing there will always be sellers and buyers and even if worthless shitcoins are still being traded because people are looking for ways to make money on them. On the other hand, we don't want this thing to happen but if it happens there will be a fall in price because it is the level of demand that always propel the price.
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Board Speculation
Re: Holding will be a risk or not??
by
dyewic
on 18/02/2018, 13:48:03 UTC
The risk is always there, if you want to buy now then the risk is, the price may go down after you buy. But if you decide to wait before you buy, the risk is that the price may go up. You have to be brave to make a decision and do not regret what you have decided whatever the outcome because it is useless. You have to be wise.

I strongly agree on your opinion that, the risk is always there, and if you want to buy now then the risk is if the price may go down after you buy bitcoins but if you also decide to wait until the price goes up or down. And adding also my opinion that, risk will vary depending on the individual, many people were crying when the btc market cap went down by something. In addition, it is risky just like any other investment, there is a chance that you can gain and there is also an equal chance of losing your investment. On the other hand, all investment are risky and I personally holding bitcoin but my goal is to make more profit.
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Board Bitcoin Discussion
Re: Is bitcoin really gonna be dead?
by
dyewic
on 18/02/2018, 12:39:54 UTC
No one knows the future so any answer would be a prediction of the possibility. I believe that Bitcoin needs upgradation to deal with high transaction fees and confirmation time. Bitcoin has a tremendous potential to acquire the huge micro transactions market but in order to do that, the fee must be less than $0.01 and confirmation time should be less than 10 seconds. If we could somehow reach this target then I do see huge potential for the growth otherwise Bitcoin would remain as a player of international funds remittance industry.

I strongly agree on your opinion that, no one knows the future so any answer would be a prediction of the possibility, and I also believe that Bitcoin needs upgradation to deal with high transaction fees and confirmation time. And adding also my opinion that, No one can say for sure so i would recommend not making your decisions based solely upon this thread. In addition, bitcoin will be alive, as long as several computers with the program running on them continue to work. On the other hand, no one can predict that right because price of bitcoin is unpredictable.
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Board Bitcoin Discussion
Re: Why do people want Bitcoin?
by
dyewic
on 18/02/2018, 05:15:33 UTC
To be honest,most people wants bitcoin for its speculative purposes nor for its future technological currency.We know that bitcoin is here in use for almost a decade but most of the people talking about bitcoin from 2017 due to that huge bump happened at the back end of the year.
But people have to keep bitcoin for its amazing technology of peer to peer transaction and it was decentralized.You are the full controller of your bitcoin you can use it anywhere you want with ease.You just going to need the receiver bitcoin address to make transaction anywhere in the world.

I strongly agree on your opinion that, most people wants bitcoin for its speculative purposes nor for its future technological currency and we all know that bitcoin is here in use for almost a decade but most of the people talking about bitcoin from 2017 due to that huge bump happened at the back end of the year. And adding also my opinion that, people basically wants Bitcoin because of the financial help that it will give to the owners of bitcoin. In addition, there are actually numerous reasons as to why people are interested in investing to cryptocurrencies, most especially bitcoin itself. On the other hand,  the real thing that brought people in the world of bitcoin was making in the first place.
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Board Speculation
Re: Should I Invest in Bitcoin in 2018?
by
dyewic
on 10/02/2018, 03:26:52 UTC
The price is dropping down recently, But Bitcoin is always profitable, because it have the most promising potential among crypto currencies, and the number of its traders around the world is really huge. So The price is going to increase again after some time, and that's the best time to buy more BTC as the price is low.

I strongly agree on your opinion that, even if the price is dropping down bitcoin is always profitable and it have the most promising potential among crypto currencies, and the number of its traders around the world is really huge. And adding also my opinion that, there was a huge price rally in the last quarter of the previous year and as a result, the correction process took place. I really appreciate it because I believe that it is something that will help Bitcoin to stabilize its price and grow in the long run. In addition, you must do your research on the crypto market and you must understand that this is an extremely volatile crypto market where there is always a chance of losing your money. On the other hand, 2018 is a good year for investment. I recommend investing now and its current value has decreased, so I think this is a reasonable price to invest.
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Board Bitcoin Discussion
Re: What is the best way to earn bitcoin?
by
dyewic
on 08/02/2018, 13:23:16 UTC
Yup it is called trading I know that also invests your money but if you wisely invest your time and effort I am sure you could come up with patterns in the industry on certain coins and use that to profit BTC. That is how most people build their bankroll up because not everybody can go out and buy 100 BTC to start you know. Gotta grind to get it Wink

On my opinion I think the best way to earn bitcoin is through joining on bounty signature campaign here in the forum. For me it is the best and safest way to earn bitcoins. On the other hand, you can earn Bitcoin the same way as earning fiat. So if you want to earn some Bitcoins without investing money into it then you could offer services and accept Bitcoin as payment. In addition, by investing time and effort only, bounties and signature campaigns are on the first seat. Now, I don't if there are still some people who wants to do this but, there is this thing where you're just going to answer some questions. But I also agree on your opinion that, if you wisely invest your time and effort you sure could come up with patterns in the industry on certain coins and use that to profit BTC.