Search content
Sort by

Showing 20 of 106 results by elghoniya
Post
Topic
Board Economics
Re: Cryptocurrency is a trending topic all over the world?
by
elghoniya
on 26/06/2018, 14:25:27 UTC
Everywhere you can find cryptocurrency topic especially ICO projects are doing well on the marketing through social media like facebook, twitter, reddit, linked, youtube and etc. Celebrities, influential individuals and high ranking government officials are talking about cryptocurrency and that is why i think cryptocurrency is a trending topic all over the world. Do you agree with me? Even haters help cryptocurrency to be known all over the world so let just leave the haters then.

I agree, the more propaganda against bitcoin the more popular bitcoin and more and more people are interested in bitcoin. Bitcoin is the most widely researched currency now. So many people want to know about bitcoin. Bitcoin is so popular and more valuable than others.
Post
Topic
Board Economics
Re: The Real Reason to Hold Gold And Bitcoin
by
elghoniya
on 26/06/2018, 14:03:18 UTC
The world is run by the state-bank alliance.  The top politicians and bankers jointly profit from inflating the values of money and debt with state power -- this system couldn't survive without either side.

See Dissecting the Parasitocracy.

The interesting thing is, if you buy and hold gold and Bitcoin for the long term, you can benefit.  (Just make sure you don't buy when the global empire is rising, like the 1950s or early 1990s.)  The reason is also due to the nature of the state-bank alliance.

Note that, in this alliance, the top politicians contribute state power, while the top bankers contribute financial know-how.  The politicians, being totally ignorant in this high-stakes and specialized game, are basically led around like children.  They just go along because they benefit from issuing huge amounts of public debt without being punished by the 'markets.'

So here's the problem with this alliance.  When financial asset values collapse (and this day will come, due to the incentives faced by the elites) and everyday people suffer, the politicians will put all the blame on the bankers.  The reasons are obvious (and there is no loyalty in that game,) and the politicians are going to win that argument.  The biggest such events in history include the Spanish Inquisition and the Nazi Holocaust.  In our day, politicians like Bernie Sanders and Elizabeth Warren have already gone after the bankers.

Knowing that, the bankers and central bankers must prepare a last-ditch rescue for a worst-case scenario, when all trust in the system is gone.  That rescue will be some non-state-issued asset, like gold, silver, and Bitcoin, that the elites can peg their money to (at a high price for the non-state asset,) stabilize their system, and ease the suffering.  Even if the bankers think there's only a small chance for such an occurrence, it will be so devastating to the bankers that they must prepare for it.

So, the elites will try to suppress non-state assets, but won't kill them, even when given a chance.  In the long run, this presents something like a one-way bet for these assets, at current prices.

I think the real reason to hold Gold and Bitcoin is human tendency to secure the future. I personally prefer both, I have done it.
Post
Topic
Board Altcoin Discussion
Re: The fall of cryptocurrency
by
elghoniya
on 26/06/2018, 13:47:32 UTC
What about the crypt? tell me when it will unfold? Or give a sign at least some, because I'm already beginning to think about quitting the game.


Yes, since the beginning of the year the cryptocurrency market has declined to the present day is still going down so nobody knows the future will be what will happen plus the issues that continue to emerge about the prohibition of cryptocurrency makes the market price worse. But I still believe the bitcoin will rise again. Lets see.
Post
Topic
Board Economics
Re: Beliefs about money and wealth
by
elghoniya
on 26/06/2018, 13:40:17 UTC
Everyones hasn diferent beliefs about money and wealth. See for example 35 different ways of thinking about it here:
https://daringtolivefully.com/powerful-beliefs-about-money

One famous author, not my favourite, yet an influential one is Robert Kyosaki. In his book "Rich Dad, Poor Dad", he examines two different beliefs and states that those believes will shape your success.

What of these do you agree with? What other beliefs do you have about money?

1 - Millionaires are greedy, that is why they become millionaires.
2 - Company managers just want to use the workers to make themselves rich and others poor.
3 - Having money is a question of luck, if not of "gods grace".
4 - Debt is always bad.
5 - To make money, you just need to have a great idea nobody thought off.
6 - Cryptos are the way to make money and be successful without having to put effort into it.
7 - To become rich I just have to believe in Bitcoin because many people have become rich doing that.
8 - To become rich I just have to be more clever and streetwise than everyone around to get my share of the cake.

Your turn to think ...

(EDIT: These are NOT my beliefs, at least not necessarily, is just a list to think. Is not the list by Robert K. either.)

I think Money will be there to spend. If you spend all the money you make, instead of saving and investing it, you will never create the financial abundance you can have. Spend money on the good things have its place, you have to enjoy a good lifestyle, But do not overdo it. It's my opinion.
Post
Topic
Board Speculation
Re: Is bitcoin lead cryptocurrency market forever?
by
elghoniya
on 26/06/2018, 13:25:52 UTC
Bitcoin is the leading coin of the market. What you think about the future of bitcoin and others coin?

Yes, I think maybe bitcoin will not lead cryptocurrency forever because in the future there will be plenty of Altcoin for a good price. I do not know that they will be as good as bitcoin but now the world is getting digital and anything can happen. I still believe in bitcoin and I hope Bitcoin will dominate.
Post
Topic
Board Altcoin Discussion
Re: What do you think about Private Sale?
by
elghoniya
on 25/06/2018, 13:54:15 UTC
What do you think about Private Sale?
Now the new ICOs attach importance to private sale. They sell to big investors secretly. A small amount is left for Ico. The remaining amount is selling out. As such, there is an extreme hype in people like us. Quarkchain, for example.
I think they make hype like this. After selling a small amount at Ico, it is going to the market x3 x4. And those who buy in private sale sell at these prices.
I do not like projects that do this. I totally think they are doing it to attract big investors. Because big investors are investing between 1000-5000 eth in one go.

Yes, sometimes they need to do that for initial funding. At first no one believed in a particular project so they would deal with the first private individual. That's in my opinion.
Post
Topic
Board Economics
Re: Bitcoin plays a vital role in the economy
by
elghoniya
on 25/06/2018, 13:46:44 UTC
Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.


I think a country's economy can be improved with bitcoin with government records being able to accept bitcoin and legalize bitcoin and impose a tax on bitcoin users in trades or investments or transactions. It will be income for the country.
Post
Topic
Board Altcoin Discussion
Re: Knowledge is the foundation
by
elghoniya
on 19/06/2018, 11:56:08 UTC
It is needful to say that before the completion of a magnificent building, it starts from the foundation, therefore, to excel as a crypto enthusiast you must start from the foundation, which is through the acquisition of knowledge.
I will not deny the fact that learning is a continuous process, but whoever is coming newly into crypto, should try as much as possible to learn first the rudiments before venturing into any aspect of crypo in order to avoid making costly mistakes.
What you already know cannot be taken away from you...
So, start from the foundation today and get the best from the crypto space.


Yes, I think This is the right pair, because if you have no knowledge of cryptocurrency it is impossible to work and start something in this crypto market world, I know it's hard to restart because there is no shortcut in learning here in crypto instead You must learn step by step. You will enjoy the results.
Post
Topic
Board Bitcoin Discussion
Re: Will bitcoin Die because of global Regulations?
by
elghoniya
on 19/06/2018, 11:38:58 UTC
Frist China want to ban all the foreign exchanges in their country.
https://www.ccn.com/china-looks-ban-centralized-cryptocurrency-trading-reports/

then France Creates Working Group for Cryptocurrency Regulation
https://cointelegraph.com/news/just-one-person-found-to-have-caused-bitcoins-jump-from-150-to-1000-in-2013

then German Central Bank Director: Crypto Regulations Must Be International
https://cointelegraph.com/news/german-central-bank-director-crypto-regulations-must-be-international

Also India already setup a board for crypto regulation.

What is happening all over the world?Something whats soul purpose is to be decentralized will eventually be centralized?

How much do you think a global regulation on crypto will affect the overall market in this year?



No, I do not think global regulation of bitcoin will kill bitcoin, better strengthen and more reliable, global regulation of bitcoin, is what the world is waiting for, to make bitcoin into a hot currency, and universally accepted. Bitcoin is the future technology.
Post
Topic
Board Altcoin Discussion
Re: The New Era? Are we the lucky ones?
by
elghoniya
on 19/06/2018, 11:30:19 UTC
Who else believes that this is the era where everyone who is investing in cryptocurrencies has chances of becoming wealthier than the average person?
After all we are taking all the risk, and only 1% of the world's population actually invests rather than knowing about it.
Growing up I always believed there was a time everyone would become wealthier and smarter with the flourishing technology. Who else agrees with me and HODLs.
Drop any good advice in learning more about altcoins and projects.


Yes, I think the hardest part is finding the right coin at the right point and deciding when to sell. There will be some that last too long when bitcoin is high and many altcoins will be the same.
With too many choices it seems more difficult for others to shine.
We will begin to learn to pick the coins and the right time. Good luck.
Post
Topic
Board Economics
Re: Diversify Investments
by
elghoniya
on 19/06/2018, 11:22:50 UTC
Usually they recommend you to diversify your investment, so you avoid losses.

But as a real approach, having $1.5k, would you invest in how many cryptocurrencies ?

What if I invest little by little, only in Bitcoin, would that work as well ?

Yes I agree, diversification is one of the great strategies investors can do because it has the fact that it can really secure your investment. You can diversify your investments in several different coins with excellent potential in the market. It is a good way.
Post
Topic
Board Economics
Re: Good news or bad news...
by
elghoniya
on 18/06/2018, 14:09:04 UTC
Japanese Ministry of Finance is going to prepare rules for cross-border transfers of digital money

The Ministry of Finance of Japan is going to prepare in the near future rules for the foreign transfer of digital money.

According to the report of the newspaper Nihon Keizai on April 5, the Ministry of Finance plans to introduce rules under which notice to the authorities should be strictly mandatory if the cost of transferring money for a foreign transfer is more than 30 million yen.

It is said that the decision of the Ministry of Finance will facilitate the consideration of the real situation with operations abroad and is designed to curb money laundering operations.
Source: Alpari

In my opinion, this is good news for us so we need to buy some altcoin now and if you look at the graph of cryptocurrency feb and march always the red crypto gives us a chance to invest a lot while the lower value is better to buy now. We can hold it and sell when the price is increasing.
Post
Topic
Board Economics
Re: regulation and legalization of cryptocurrency
by
elghoniya
on 18/06/2018, 13:26:01 UTC
There 7 cryptocurrency that are legal in thailand , its Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Ripple, Litecoin, and Stellar. They also regulate the ICO. Now ICO can't be traded with fiat anymore and there is a fee for license.

http://www.livebitcoinnews.com/thai-sec-confirms-ico-tokens-will-not-be-traded-against-fiat-currencies/

What do you think about this regulations? I think its fair enough and i do think in few months 7 of this coin value could be increasing if more country has the similar regulations such as thailand.




I thik we can not blame them for that, but to think that they've made their move to accept crypto is not a bad idea. This is an advance, maybe in the future they can receive more crypto.
Post
Topic
Board Bitcoin Discussion
Re: Crypto is For Risk Takers
by
elghoniya
on 18/06/2018, 13:17:46 UTC
I seen lots of people are panic and selling and spreading FUD . But based on my experience people who really dare to take risk only won here .
Wise and daring investors are still searching for good potential coins to invest while its really cheap were greedy people are panic and spreading FUD
Finally people who dare to invest bitcoin even when the price of 100$ they created fortune here . Its completely daring and vision not at aall luck . SO if you are having real vision and want to make milestone in life then be here in crypto and support other wise please quit .

Yes, I think anywhere you put your money especially in the digital world is quite risky. Engaging with cyptocurrency is very risky if you do not have very good knowledge on the internet. That's in my opinion.
Post
Topic
Board Economics
Re: When will people feel comfortable using BTC ?
by
elghoniya
on 13/06/2018, 14:11:01 UTC
When will people spend BTC as easily as fiat , not seeing it as an investment opportunity but a better currency for them to use ? Most of my friends that I have currently told about Bitcoin are most intrigued by its rapid rate of growth and not its outstanding features as a currency. They don't really care that it is free from government control , but are more focused on the fact that it has risen xy%

I don't really spend much of my Bitcoin , because I am always in fear.
I am not talking about cashing out , but for digital goods.

How do you spend 10 mBTC on a 5$ digital good when you believe that the same 10mBTC is worth atleast 15$ , probably more.
How much of your Bitcoin have you hoarded , and how much have you really spent ?
I am under the impression that people tend to hoard more with BTC than with fiat , considering it an investment more than a currency

I don't know how to make a poll here , so :- http://strawpoll.me/1793917
This is not referring to your blockchain.info statistic , which includes money you have moved around. I am looking at money you have truly spent vs total amount of BTC you have received.

Overall , I'm trying to look at how much my guess is true by the poll and your estimates of when majority of people will start looking at BTC as a currency.

EDIT : I'm not sure this is the right section , tell me if this should go in General Discussion or so.

I think when bitcoin will make a big step into the market, because more market will receive bitcoin as soon as this will be received by the world. But it will not replace the Fiat in the near future, perhaps it is going to happen in the future. When the  bitcoin price is more stable.
Post
Topic
Board Bitcoin Discussion
Re: Will banks ever offer bitcoin deposits?
by
elghoniya
on 13/06/2018, 13:59:48 UTC
We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.

Yes, that's right. I don't think Bank will never receive deposits cryptocurrency because they will get the end when they do it. I think cryptocurrency want to end the banking system why banks hugged him? cryptocurrency is decentralization and banks centralized against each other. so I think it's hard case.
Post
Topic
Board Economics
Re: Why most bitcoin users from good economies countries?
by
elghoniya
on 12/06/2018, 15:50:25 UTC
We can not deny the big country with good economy, it will make the society economy better too.
So they can follow the economic development and participate in transactions and investments in Bitcoin era.
How the people of small countries can participate in participation and benefit from it?
It would be very difficult to calculate the statistics of users of each country, but the comparison of Bitcoin ATM growth from this early 2017 report can be the initial reference of the statistics.
Perhaps by the end of this year, there will be more Bitcoin ATM growth across the board due to the growing interest in bitcoin this year.

https://i.imgur.com/pgqaTer.jpg


I think countries capable of harnessing the power of information and communication technology will reap more benefits from blockchain and bitcoin technology. Because bitcoin is the future technology.
Post
Topic
Board Economics
Re: Do you approve this strategy: sell alts buy btc?
by
elghoniya
on 12/06/2018, 15:23:35 UTC
I read this article, but I want to see opinions, would you sell all your alts to have only bitcoin now ? I don't think this is recommended

https://cointelegraph.com/news/buy-bitcoin-sell-your-altcoins-says-pioneering-wall-street-blockchain-analyst

I prefer bitcoin and I do not want to invest in altcoin by selling my bitcoin because I know that bitcoin has more potential than other coins so it will provide more benefits in the future if we continue to survive. I have been getting many benefits from bitcoin so I do not want to switch to another coin.
Post
Topic
Board Economics
Re: Germany recognized the bitcoin
by
elghoniya
on 11/06/2018, 14:27:19 UTC
The Ministry of Finance of Germany signed the Decree on recognition of bitcoin  legal tender.  The document specifies that purchases made for cryptocoins, are not taxed!What do you think about it?




This is a good news and a big step for bitcoin, it encourages the use of bitcoin as a payment option because people will not be taxed on it while they will be taxed if they change their bitcoin into fiat. The state will earn income from it.
Post
Topic
Board Economics
Re: Beside Cryptocurrenices where would you invest?
by
elghoniya
on 11/06/2018, 14:03:26 UTC
A lot of people now days jumping and investing in the cryptocurrency industry.
If you are not investing in crypto, where do you else invest?
Property ? normal crowdfunding? give your input


I think there are many investment opportunities out there, the problem is that none of them will give you the benefits that bitcoin can give you that is why I invested most of my capital in crypto, a safer alternative, gold and silver, property, stocks and some business ideas, obviously I would do it only if I have enough capital to do it because all the investment is very expensive. that's my opinion.