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Showing 20 of 1,000 results by ged00u
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Board Economics
Re: Invest in BTC vs Invest in Real Estate?
by
ged00u
on 27/05/2018, 21:53:23 UTC
I think that if we have a lot of money, we should split our capital into 2. 1 for bitcoin or cryptocurrencies, and the second is for real estate. Real estate does bring a lot of money to the people in my country. I do not know how other places are but here, if you have the house, it means you will forever rich
Post
Topic
Board Economics
Re: Wise thing to do with your savings.
by
ged00u
on 27/05/2018, 21:21:14 UTC
Quote from: emily666 on May 27, 2018, 03:07:52 PM
I'm currently 1/3 in crypto. I only invest in ico's or some undervalued alts which I did in ICO.
well, I do not think that investing your money can be considered as a wise thing to do. Instead of investing our money in ICO, we should invest our money in undervalued coin. I think that 2018 is not a good year for ICO to grow. It was in 2017 when all ICOs are awesome
Post
Topic
Board Economics
Re: Is Bitcoin now the biggest bubble of all time?
by
ged00u
on 27/05/2018, 20:36:38 UTC
It is not. There are many reasons why bitcoin is not the biggest bubble. First of all, it is not bubble. The technology of bitcoin (blockchain) can be used in the future to support human life. MOreover, the blockchain is faster than cash. Since our world keeps developing everyday, money will soon be changed. I think that blockchain will replace fiat in the next few decades
Post
Topic
Board Economics
Re: Five common mistakes made by Bitcoin users
by
ged00u
on 27/05/2018, 18:39:21 UTC
Quote from: maculeth on May 23, 2018, 11:37:10 AM
point number 2, which is most common.
very risky if not have back up data from our wallet.
I agree with you. Most of the people tend to forget their wallet. That is why we should backup our data in somewhere super safe in order to protect our money from hackers and other people.
You can also buy hardware wallet which I think it is safer
Post
Topic
Board Economics
Re: China will become Super Power ?
by
ged00u
on 26/05/2018, 21:14:21 UTC
China is already a big superpower country. The Chinese are everywhere in the world. You can find them in any country with a big community. The Chinese government knows how to control their country and bring many advantages to the people. However, I feel living in China like living in a prison. There is no freedom in China. Therefore, many rich people here have moved to other countries (such as the US)
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Topic
Board Economics
Re: China tells people to buy gold & silver
by
ged00u
on 26/05/2018, 21:10:06 UTC
Fool people would buy gold and silver. However, I understand that China is a great country with a lot of intelligent people. They can realize how fake the government is and they will start investing their money in bitcoin. In fact, most of the number of bitcoin belong to Chinese investors
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Topic
Board Economics
Re: How to manage the risk in investing cryptocurrency?
by
ged00u
on 26/05/2018, 21:06:50 UTC
You need to learn about cryptocurrency first before investing your money in. It is the best way to manage the risk. As you can see, bitcoin is the most reliable coin here and investing in bitcoin can result as fucking rich. However, other coins (which are more dangerous) can even bring you a bigger profit. You need to study them first because some of them can fail and drop the price
Post
Topic
Board Speculation
Re: Expected predictions
by
ged00u
on 26/05/2018, 21:03:49 UTC
Quote from: normanderecho on May 25, 2018, 01:15:34 PM
For me bitcoin price is very hard to predict because it depends of supply and demand of bitcoin but theres a big chance the price will goes up in the end of this year because that is the prediction of investors so if you have plan to invest now this is the right time and hold it because theres a big chance of this year because every year bitcoin price will goes up.
That is right. Bitcoin has a great chance to increase its price in the late of 2018. There are many sights that people, whales try to collect as many bitcoin as they can. And once they have enough bitcoin, the price of bitcoin will be pumped to the moon. Moreover, many people want to know what the cryptocurrency is and most of them will start with bitcoin
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Topic
Board Economics
Re: A government can create a cryptocurrency ?
by
ged00u
on 26/05/2018, 21:01:00 UTC
Of course, they can. They do have brilliant people who understand the blockchain and the computer. And they will create their own cryptocurrency for researching and studying. If cryptocurrency proves that it can help the economy, they might add it to the economic system
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Topic
Board Economics
Re: Is it digital gold?
by
ged00u
on 26/05/2018, 20:58:13 UTC
Yes, I think that bitcoin is digital gold. Satoshi Nakamoto wanted bitcoin to become a currency but the people have already turned it into a kind of investment. Many bitcoin are hold by investors without being spent. Therefore, people truly turn it into gold
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Topic
Board Economics
Re: Why people are still buying BTC?
by
ged00u
on 26/05/2018, 20:54:08 UTC
its because they aware that holding bitcoin is the easiest way to become rich in a short time. Therefore, they keep buying bitcoin whenever they have a chance. Bitcoin is really a savior since it has brought a lot of money to many people.
Post
Topic
Board Economics
Re: How do you see the bitcoin economy 10 years from now?
by
ged00u
on 26/05/2018, 20:51:29 UTC
I think that in the next 10 years, bitcoin will become some kind of digital gold. As you can see, it has a big price right now and charts show that it will continue to grow. And it does play an important role in the economy. Some other cryptocurrencies (such as ethereum) will be accepted as a payment method
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Topic
Board Economics
Re: When will Apple accept bitcoins?
by
ged00u
on 26/05/2018, 19:26:54 UTC
I do not think that Apple will not accept bitcoin due to many reasons inside bitcoin itself. Instead of bitcoin, ripple or ethereum can be accepted as a payment method because they are faster and have a more comfortable price. And moreover, apple can create their own cryptocurrency too
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Topic
Board Economics
Re: Why the price of bitcoin rapidly going down???
by
ged00u
on 24/03/2018, 20:10:09 UTC
The large number of altcoins is not a reason why the price of bitcoin rapidly goes down. As you can see, when bitcoin decreases its price, other cryptocurrencies also lose its price and therefore, I can say that bitcoin affects other cryptocurrencies stronger than they can affect bitcoin. The reason here is that the whales are trying to collect bitcoin and then, they will suddenly pump the price of bitcoin to the moon
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Topic
Board Economics
Re: Bitcoin and not Paying Taxes
by
ged00u
on 24/03/2018, 20:03:52 UTC
Quote from: MrBigHang on January 05, 2018, 04:47:17 PM
I ran across this video a while ago on what can happen to you if you don't pay your taxes.  At some point during your Bitcoin career, the cryptocoin will be converted to fiat and that's how they will catch you.


https://www.youtube.com/watch?v=hf2fNEUPjQw
It depends on which resident you live. In many places, it is easier to not pay tax because the government does not have enough power to control citizen. In someplace such as Spain, people are struggling about tax and you can see that many football players have to stand trial because they are found not paying enough tax
Post
Topic
Board Economics
Re: Why people says gold is better?
by
ged00u
on 24/03/2018, 19:52:18 UTC
Gold is better because it has existed on this planet for many years and it is hard to deny its benefits. Gold is still the best place to put your money in if you do not know what to do with it. GOld is stable and it also against the inflation. And old school people love physical gold than digital bitcoin
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Topic
Board Economics
Re: crypto is the future, make money of it
by
ged00u
on 24/03/2018, 19:47:49 UTC
Quote from: fonenumba on March 24, 2018, 02:42:59 PM
Make money could only do on green always rising markets , thats all no chance to make money on correction markets like we have now because you will only loose , so we need do others job too to earn money when markets red.
There are many other ways to make money such as learning about the blockchain technology. I have heard that many companies are trying to find a worker who really knows about this tech because they believe that with this tech in their hand, they can make a lot of money. Therefore, learning bitcoin and crypto is also a way to make money
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Topic
Board Economics
Re: HODL mentality destroys the currency aspect of Bitcoin
by
ged00u
on 24/03/2018, 19:44:39 UTC
Quote from: galkinn on March 24, 2018, 07:30:50 PM
Quote from: Canis Majoris on March 23, 2018, 12:06:34 PM
It seems like only a small fraction of bitcoins as well as other cryptocurrencies gets earned while the vast majority of the coins are bought. But when people buy coins, they obviously aim exclusively at selling them later at a higher price, which is what speculation basically consists in because it makes no economic sense to buy a cryptocurrency to spend it on goods when people can easily spend fiat instead. However, if the price goes down, people aren't going to spend their coins either. And whenever someone complains about prices going down, the only reply they receive is just to hold to their precious bitcoins, no matter what the price could or would be. I have yet to meet anyone telling these bag holders to spend their stashes on something useful.

Apparently, the HODL mentality kills the currency aspect of Bitcoin.

Currently, everyone wants to be paid in bitcoins only but does not to spend his bitcoins. This will never result in mass adoption.
It is hard to spend our bitcoin due to the high fee. No one wants to pay $20 fee for a $2 coffee. Bitcoin is good for us because it brings us new technology such as the blockchain. But it is hard to use bitcoin as a method of payment. Just like gold. YOu can not use it anywhere but you can still hold gold for a long term profit
Post
Topic
Board Economics
Re: Can we Manipulate Bitcoin price?
by
ged00u
on 24/03/2018, 19:39:06 UTC
Quote from: Joshapat on March 21, 2018, 06:41:17 PM
The bitcoin marketcap is currently around $ 200 billion, and if we want to control the price we must have more than $ 100 billion, and I do not think there's anyone who has $ 100 billion so I'm sure no one can manipulate the price.
Yup, I do think so. The price of bitcoin cannot be easily controlled. The price is created by the community and it requires a huge amount of money to stabilize the price of bitcoin. Therefore, we can say that there is no way to control its price
Post
Topic
Board Economics
Re: Why do people buy high and sell low
by
ged00u
on 24/03/2018, 19:24:55 UTC
Because they do not have patience and they are still very new to the market. They are likely to be controlled by whales and FOMO. They easily sell their coins with the low price when they see their coins are dumped. And when they see a coin which is pumped, they believe that it is a chance for them to make money so that they decide to buy with a high price