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Showing 20 of 235 results by frankybutterin
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Board Bitcoin Discussion
Re: Do you think that other coins move faster?
by
frankybutterin
on 24/05/2018, 03:13:45 UTC
Quote from: GrannyC on February 23, 2018, 06:59:51 PM
Do you think that Bitcoin has become too slow to compete with the relatively quick alt coins out there? Is it realty competitive to have a slow community rather than a centralised decision making in development?

In other words, does the community effect of decentralisation enough to counterbalance the difficult decision making processes?


I think the bitcoin increase is slow because bitcoin has reached the highest value of 19000 USD and now it's more stable and volatility is not too high and already has a big market and community. whereas the new altcoin appears still and the value is still very low much different from bitcoin. has no market and community yet. so the movement of its value is greater. to attract buyers and investors.
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Board Bitcoin Discussion
Re: What is the reason why we really need Bitcoin?
by
frankybutterin
on 24/05/2018, 03:02:34 UTC
because bitcoin has helped us a lot in economic matters. bitcoin provides a passive income for us. and bitcoin also allows us to transact money between countries in the world with an easy process without complicated administration and without paying taxes. I always hope that bitcoin persists forever.
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Board Economics
Re: Is banking still important in the bitcoin era?
by
frankybutterin
on 23/05/2018, 01:39:44 UTC
Quote from: dwsgh on March 06, 2018, 04:37:39 AM
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?

although in the future bitcoin will become a universal digital currency. I think bitcoin can not replace bank functions. banks are financial institutions that provide credit loans to customers who need them. and banks as well as institutions authorized to distribute the salaries of civil servants and where we pay taxes. if the bank does not exist how we will do it all ?. bitcoins and banks have different functions that can support each other.
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Board Bitcoin Discussion
Re: Bitcoin as the currency of the future?
by
frankybutterin
on 23/05/2018, 01:24:55 UTC
Quote from: Mbah Tyo on May 03, 2017, 12:22:14 AM
I see that the more bitcoin the more users seen from the significantly increased bitcoin price increase, is this a sign that bitcoin will soon become the future virtual currency?

I think yes bitcoin is the currency of the future. every year bitcoin users are increasing and companies that receive bitcoin are also getting more and more. and bitcoin present in the modern era that everything now uses internet and computer networks. I am optimistic that bitcoin in the future will become a universal digital currency. can be used in any country that legalizes it.
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Board Bitcoin Discussion
Re: Bitcoin to be used as world currency?
by
frankybutterin
on 22/05/2018, 02:28:53 UTC
Quote from: rddsd7 on May 14, 2018, 12:17:42 PM
For a long time, now the political elite and the leaders of the Vatican have been looking for a world government and currency,

I do believe that bitcoin is a part of financial future and great way to become an investor, but I have doubts that it can possibly replace traditional money or become world currency.

What are the possibilities and stopovers??

maybe I also think bitcoin will become world currency. every year more and more countries are receiving bitcoin. this is a good sign. if bitcoins are made into a global currency we can easily make transactions in any country without the hassle of exchanging money. I really hope that soon come true. but although bitcoin is already the world's fiat money currency will still exist.
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Board Bitcoin Discussion
Re: You can buy KFC chicken by Bitcoin
by
frankybutterin
on 21/05/2018, 04:41:05 UTC
This is a good news. Bitcoin has grown rapidly and is growing in popularity. Every year more and more companies are receiving bitcoin as a means of payment. And I am optimistic in the future all big franchise businesses will accept bitcoin. Bitcoin is very suitable for use in buying and selling online.
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Board Bitcoin Discussion
Re: Why China banned bitcoin？
by
frankybutterin
on 21/05/2018, 03:51:54 UTC
Quote from: gcckpxm62308 on January 26, 2018, 08:42:42 AM
China's three major virtual currencies trading platform Bitcoin China, Coin Network, OKCoin currency have announced that they will cease trading business, the Chinese regulatory authorities so resolute and beyond imagination. I would like to know why China prohibits bitcoin. What is the reason, who can tell me?
This is the news link I saw before：http://www.myzaker.com/article/59bf055a9490cb703500002b/

I think China is banning bitcoin because the government is afraid bitcoin is a growing bubble and one day it will erupt. While the number of bitcoin investors in China is very much. They fear that many Chinese investors will suffer losses. So the Chinese government to ban to protect its people from big losses. And I've read China will make its own cryptocurrency.
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Board Economics
Re: Bitcoin as savings, emergency needs possible?
by
frankybutterin
on 20/05/2018, 04:36:28 UTC
Quote from: sparg on April 16, 2018, 08:27:48 AM
Considering bitcoin investment as emergency money doesn't seem a bright idea because this will mean that once you need the money you should sell it a market value and sometimes it could be below your entry point.
The exit strategy is a long time movement because you must wait for the right price to convert your money into fiat so you won't be able to have access to your funds right away.
Emergency money should be in fiat.
yes it is true once I agree with you. cryptocurrency is not suitable for emergency funds. because emergency funding is needed suddenly while cryptocurrency is very volatile. and I think institutions like hospitals do not accept bitcoin as a means of payment. it may be the only hospital in the country that legalizes bitcoin that can accept bitcoin for payment
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Board Economics
Re: Investment amount
by
frankybutterin
on 20/05/2018, 04:01:22 UTC
I think the amount of investment depends on our financial ability. I agree with some colleagues here who suggest to invest as much as you can to lose it. you can start by charging 10% of your salary to buy coins. I suggest to buy ripple or ethereum coins because many predict that both coins will grow rapidly. and now the price is still suitable for beginner investors.
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Board Bitcoin Discussion
Re: Why Bitcoin is Different From Other Currencies?
by
frankybutterin
on 20/05/2018, 03:33:05 UTC
Quote from: Md.Esamul Haque on October 13, 2017, 02:31:43 PM
Bitcoin is a digital currency that was created by Satoshi Nakamoto in 2009.It is created electronically and impossible to control it.This currency are not printed currency like dollars or euros.Running computer all around the world are producing it.Owing to this reason they are different from other currencies.
of course bitcoin is a revolutionary currency other than can be used for the means of payment can also be used for long-term investment or short-term. bitcoin can be used to earn a living by doing daily trading. bitcoin also can not be faked like fiat money. bitcoin is extraordinary money and I love it very much.
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Board Bitcoin Discussion
Re: Why so many Bitcoin users have fear of governments?
by
frankybutterin
on 20/05/2018, 03:21:36 UTC
they are afraid because if the government suddenly prohibits all transactions then we will lose a lot of coins. our coin remains in the wallet becomes a useless item can not be sold. and the government has full power to do so. they are banning because they can not withdraw taxes from bitcoin users.
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Board Bitcoin Discussion
Re: Homeless use Bitcoin
by
frankybutterin
on 20/05/2018, 03:06:42 UTC
I think it does not matter it is their way of getting to stay alive. in a country that legalizes bitcoin as a bitcoin payment tool like fiat currency can be used to buy wherever so I'm not surprised if there are homeless people who want to be given bitcoin. they will use their bitcoin to buy food or other necessities. but I do not agree with not begging like that if we are young and strong better to find a job or by joining this forum so that later earn income cryptocurrency that can be used to buy the need of day.
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Board Economics
Re: its not about how much you invested, its when you should invest?
by
frankybutterin
on 17/05/2018, 23:03:25 UTC
yes, it is not how much the amount should be invested. but rather, when is the best time to invest. indeed this is difficult to guess. despite investing a little, but in a timely manner. maybe it will generate a lot of profit. but despite investing heavily, if at the wrong time, will definitely lose. so the important thing is not about how much to invest when you want to invest.
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Board Bitcoin Discussion
Re: Do you think that other coins move faster?
by
frankybutterin
on 17/05/2018, 17:46:03 UTC
I think the same bitcoin of another Coin moves almost in balance. Most other Coins follow the development of bitcoin. Probably because other Coin prices are cheaper than bitcoin. So it's as if other Coin develops faster than bitcoin. Perhaps other Coin buying and selling market moves faster than bitcoin, as most new people in cryptocurrency prefer other coins that are relatively affordable. but for the ups and downs of prices I think it is almost balanced.
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Board Economics
Re: With Hackers everywhere, How safe is Cryptocurrency?
by
frankybutterin
on 17/05/2018, 17:27:23 UTC
I think until whenever hackers must always exist. they took advantage of the coin owners. all the security in my opinion depends on the owner of each coin. then always be careful in every transaction. we must store the safest place for all privacy. for example the private key of the wallet is not to be known by others, and I suggest storing it in the offline password manager.
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Board Economics
Re: The HODL strategy is not actual
by
frankybutterin
on 17/05/2018, 17:01:04 UTC
I agree with your opinion. hold strategy in my opinion is not so profitable for now. it's better now to trade. by taking advantage gradually from the state of the market. maybe people who invest long-term and less good at trading better do hold. hold and trade are equally at risk. so I think it's better to trade than just wait in a very long time.
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Board Trading Discussion
Re: Trading or not?
by
frankybutterin
on 16/05/2018, 18:43:34 UTC
Perhaps you mean, you buy another Coin because you suffer losses when you only hold one crypto only. If you buy another Coin, then you make a profit by selling it again, and buy another Coin again. I think you are trading. So basically if you buy any Coin then sell it again and you get profit, I think that can be said as trading. But if you buy some kind of Coin, but you do not sell it. I think what you do can be said you invest.
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Board Bitcoin Discussion
Re: Samsung has now entered the cryptocurrency world
by
frankybutterin
on 16/05/2018, 18:10:06 UTC
yes, I think this is very good news for bitcoin users. more and more products or factories are using or creating new ways to produce bitcoin. then I think that's good news for bitcoin. because with the existence of new tools that can be used to produce bitcoin. maybe people are getting more and more interested in having bitcoin. and I think it will be mutually beneficial for the factory and bitcoin. with many entrepreneurs using bitcoin, I think bitcoin will get stronger in the future.
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Topic
Board Bitcoin Discussion
Re: How foolish are people who invest in Bitcoin?
by
frankybutterin
on 15/05/2018, 11:55:10 UTC
I appreciate your opinion, but I would not say stupid to someone who has invested bitcoin. It's better to say that it all happens because luck is not owned by people who buy at the time of bitcoin at a high price. Maybe you also experience it. So you can say that. So better all that we make for experience in investing. And began to rise again by trading. By trading we may be able to profit little by little. may be able to return the money that has been lost due to the decline in bitcoin prices. Better to think positive with failure. Because of unstable market prices, I think trading is something better than investing.
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Board Speculation
Re: Expected predictions
by
frankybutterin
on 14/05/2018, 04:41:20 UTC
Quote from: galaxing on April 10, 2018, 06:56:38 AM
I will wait for that time to arrive, because I believe the bitcoin price by the end of 2018 will soar.
I will keep the spirit to collect coins for my future.
although this month, bitcoin prices are worse than December of 2017, but I still believe it.
Can not be denied, the growth of Bitcoin value in 2017 is arguably fantastic. However, this criticism of cryptocurrency is analogous to a 'bubble' (because it continues to fly high but can 'erupt' anytime)

The year 2017 seems to be the period of proof for Bitcoin as the most calculated cryptocurrency. One climax occurs when the digital currency recorded a record high with the value (USD 19,796) on December 17 last.
Experts also predict that with these achievements, Bitcoin has the potential to record a much higher value next year.
"Bitcoin can reach (USD 60,000) by December 2018," said Mike Dumont, Senior Editor of Bitcoin.com

Yes most members of this forum predict bitcoin will reach the peak of the rise at the end of the year. This is a prediction of our expectations. But we are in a market that is uncertain and has very high fluctuations. What we can do now continue to promote bitcoin and cryptocurrency to exist forever.