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Showing 20 of 162 results by gracia0023
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Board Economics
Re: Tell me your predictions about Bitcoin
by
gracia0023
on 27/06/2017, 02:47:51 UTC
What is the obstacles, challenges and problems that Bitcoin can face it in 5 years? How we can help Bitcoin to take more authoritative place in the world of currency system?

Five years from now, one of the obstacle that bitcoin might face is the rise of more cryptocurrency with the same concept of bitcoin that promise more advantages .  As bitcoin becomes popular, rise of competitor is possible.  Bitcoin become more authoritative place in the world of currency system if the people behind this will keep on updating the value, benefits and functions of bitcoin that it may offer to the world.  With that, even the world will try to imitate or create the same concept as bitcoin, People will still patronize  the Bitcoin.
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Topic
Board Economics
Re: Does the Price of Bitcoin Matter?
by
gracia0023
on 27/06/2017, 01:33:38 UTC
What actually matter is not the actual price, it's the trend.
If the price is stable or rising, the adoption increases. People and businesses get more confident in bitcoin and start using it. More miners start up their gears.
If the price is falling, people get scared / suspicious and will go away from bitcoin.


In my personal point of view, the price of bitcoin really matters because many investors are looking on the price pattern before investing their money.  If the price of bitcoin will be stable and promising, more people will be encouraged to use and invest on it. On the other hand, if its price will be unstable and falls regularly, encouraging investors will be hard  and nobody will be interested to use bitcoin because they will think it is just a scam.  If that happen, the future of bitcoin will be doomed. That's the reason why signature campaigns play an important role so bitcoin will be trending.  Then, more people will be educated regarding how does bitcoin works then it will make a way to stabilized  the bitcoin price so, more investors will be encouraged to invest on it.  I have a great trust that as the time goes by, the price of bitcoin will be stable with promising price.
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Topic
Board Bitcoin Discussion
Re: What if Governments Shutdown the Internet?
by
gracia0023
on 27/06/2017, 01:08:32 UTC
It is not possible for the government to prevent Bitcoin transactions by censoring the internet. With VPNs and web-proxies being easily available, that will be unpractical. So the only option left is to block internet altogether. It is never going to happen, as there will be widespread anarchy and chaos.

I guess, the government do not have enough reasons to shutdown the internet.   Censoring the use of internet will greatly affect the economy of any country considering the fact that many business nowadays depend the flows of their business transaction via internet.  Many people will possibly lose their jobs and the government will not allow that to happen because the number of unemployment will increase  and chaos will be experienced.  If the government cannot shutdown the internet, meaning, nothing can prevent Bitcoin to be famous and patronize by everyone.  
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Topic
Board Economics
Re: Bitcoin or gold?
by
gracia0023
on 26/06/2017, 12:33:45 UTC
There are a couple of advantages that make Bitcoin is better than gold, at least for the millennial generation, which understands the digital currency better than the previews generation. To know it gold is for instance, but bitcoin is a convenient medium of payments around the globe, though for a limited number of transactions. Otherwise bitcoin supply is expected to be limited to in a million numbers. In the other side the supply of gold is expected to increase anytime its price rises, as it provides an incentive for gold miners to mine for gold. To be fair, gold has its own advantages too. It can be used as an outright gift, to make jewelry, and in manufacturing of certain products. That’s why investors shouldn’t rush to substitute the yellow metal for the digital currency in their portfolio and specially if they don’t quite understand the nature of the digital currency.
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Topic
Board Bitcoin Discussion
Re: Why some people prefer Bitcoin over fiat ?
by
gracia0023
on 26/06/2017, 12:20:56 UTC
The reason why some people prefer bitcoin over fiat is the fiat currency and any national currency decreed legal by the national government, but is intrinsically valueless money. Fiat currencies no longer represent gold deposits or other things of known market value. They are just the accepted pieces of national paper, printed by a private central bank and loaned to the national government, with interest. All fiat currencies are debt instruments. Example is the U.S. Dollar and other fiat currencies certainly have their own inherent advantages, which mostly revolve around their acceptance by the banking systems that create them. These will prove fleeting in the coming years, whereas Bitcoin’s advantages are built into the technology, can be amended or updated through the protocol, and are built to stand the test of time.
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Topic
Board Economics
Re: The legalization of bitcoin.
by
gracia0023
on 26/06/2017, 09:24:25 UTC
In my opinion it will take times to happen or maybe its impossible to legalized. All of country have a legal fiat and they have follow their own laws in implementing the adaptation of new currencies entering in their custody. The fact is bitcoin is hard to legalize because of status in economic growth of one country. The situation bitcoin can't contribute the economic system of one nation. Also bitcoin is anonymous and the used of this is through internet. Another thing is there are a lot of hindrances to legalized it and some country can't accept or adopt bitcoin.
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Topic
Board Announcements (Altcoins)
Re: DCORP Crowdsale - Democratizing Venture Capitalism
by
gracia0023
on 22/06/2017, 07:12:16 UTC
hanother project with nice concept,,
anyway how much total supply for this DCORP ?
thanks

Congratulation for launching another good project with a promising concept.  The way how the entire team work hand on hand become a path to meet the success of this project. Its good concept will surely attract investors and meeting its goal will surely follow. It will also open a window to make cryptocurrency to become more popularized and powerful.  
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Topic
Board Economics
Re: Bitcoin has create a place for it self as the most valuable trading asset
by
gracia0023
on 22/06/2017, 06:46:06 UTC
Currently, bitcoin at the http://www.coinnarketcap.com prices to $2,012 this make it to be one of the most valuable trading asset now. Economically, bitcoin is going to decide viable Economic and failed Economic in 2024. The wise are buying bitcoin and hold why unwise are attacking it.

It is quite impressive how value of bitcoin is not stagnant and continually rise its value.  Because of that, more people trust bitcoin that gains more people convince to invest more on it. Bitcoin really create a place for itself as the most valuable trading asset.  This is a good sign more countries will recognize it more people will be benefited on it.   
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Topic
Board Economics
Re: Next generation money
by
gracia0023
on 22/06/2017, 06:18:00 UTC
The total majority of Bitcoin holders think of their favorite toy as the next step in the evolution of money (less so for active users). I don't deny the technological innovation in respect to the blockchain and the decentralized nature of how new money is created through mining. With that said, I still don't think that Bitcoin did actually revolutionize the concept of money itself. Gold as money existed long before fiat, and it was "created" in a decentralized way too, so nothing particularly new here as well...

I have an idea what could be an entirely new form of money (actually, it is not my idea), but first I would like to hear from you, guys (and gals), what you think about the truly new money that is yet to be invented or implemented

I guess the next generation of money is technology oriented type of currencies.  Some country nowadays accepted this idea and use bitcoin as a valid currency.  This will open to the possibility of one world currency and the value of money around the world will be equal.  It will only happen if all people around the world know how to engage online transaction.
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Topic
Board Economics
Re: What will happen if we use a one currency only?
by
gracia0023
on 22/06/2017, 05:54:55 UTC
If we will use one currency only, the value of money around the world will be the same.  If that happen, more people do not have to go to other countries to work. Meaning, long distance relationships will be eliminated.  There will be no inflation and deflation of currencies because all currencies are equal.  The idea of having centralized currencies is interesting but it must undergo in careful and properly discussions and deliberations of all countries and clear set of rules and regulations must be formulated before launching it.
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Topic
Board Economics
Re: Why we should fear a cashless world
by
gracia0023
on 22/06/2017, 05:38:48 UTC
There are pros and cons of a cashless world.  I believe that one of its positive side is, wherever you go and whatever country you will visit, you don't have to look for a money changer because you can do whatever transaction and pay the bills via online.  On the other hand, poor people will not be benefited.  Many people around the world is still ignorant on how to use technology as part of their daily lives, there are still many people that cannot afford to buy laptop, computers and the like gadgets and do not even know how to use it, so how they can do transaction via online if they do not even know what online means?.  Without cash, It is possible that many people will use the ancient way of exchanging goods "barter" as a way of transactions.  The problem with this is the exact value of goods cannot be determined and that is one thing that we should fear of.  
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Topic
Board Economics
Re: What is the problem with centralized currencies?
by
gracia0023
on 22/06/2017, 05:22:04 UTC
 The problem with this is the question of who will be the leading country who will launch the centralized currencies? What will be the basis to be qualified? Who will be the authorized persons to do this? But beyond those questions, the fact that clear rules must be set prior to that.  I guess, if we have centralized currency, the authority can manipulate the flow of money easily.  They can also control the production of money as well as its value.  More people will be having the idea of counterfeiting the money since there will be only one pattern of money.
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Topic
Board Pilipinas
Re: Bakit Di Kayo Magtrading?
by
gracia0023
on 21/06/2017, 00:01:07 UTC
Sa trading kasi masyadong mataas ang risk ng iyong investment at mataas din ang pusibilidad na malogi ka at maubos ang iyong puhunan. That why many bitcoin user are not entering in trading.
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Topic
Board Economics
Re: Bitcoin is Falling...Is it Panic Time?
by
gracia0023
on 20/06/2017, 23:43:27 UTC
No need to panic will the bitcoin is fluctuated. It is normal that bitcoin falling in lowest value of it. Bitcoin is unpredictable there are time that bitcoin reach the higher price day to day. This scenario happened before.
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Topic
Board Economics
Re: Make money from money
by
gracia0023
on 20/06/2017, 23:29:27 UTC
The person invest their money to earn more profit is defying the quality of location and consumer needs. Why they are success because they are focusing in their what want to do and securing that their investment gain more profit in the future.
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Topic
Board Bitcoin Discussion
Re: Can Bitcoin be used by ordinary citizens?
by
gracia0023
on 20/06/2017, 23:25:06 UTC
Bitcoin is usually used by people interested in technology. I mean, persons with a certain technical knowledge are interested in bitcoin.

My observations are that way. I think Bitcoin needs to reach larger quantities. Can use bitcoin in people who are not interested in technology?
Can people use the bitcoin in the profession group like tradesmen, teachers, housewives, firemen, butchers? Are we going to see the days that these people use bitcoin?


In my opinion busy person and not open to use technologies are impossible to  reach of bitcoin. But some ordinary people are know about bitcoin and their are interested to use it. The only problem they didn't know the use of high technology.
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Topic
Board Bitcoin Discussion
Re: Why Cash is better than Bitcoin.
by
gracia0023
on 20/06/2017, 13:14:42 UTC
The reason is every one knows the value of cash and they can hold it. Every one use it to everything they want. Zero fees, no need internet to use it, all business establishment accept the payment of cash even on board on the car, bus, ship or any means of transportation. In bitcoin you didn't do that.
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Topic
Board Economics
Re: USD vs BTC
by
gracia0023
on 20/06/2017, 12:44:49 UTC
Every countries knows dollar and USD is the basis of economic growth of one country specially in third world country. It exist since the money created and comparing to bitcoin it's popularity my answer is no. It because there are many countries didn't know bitcoin.
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Topic
Board Economics
Re: Can bitcoin improve the economy of a country?
by
gracia0023
on 20/06/2017, 12:17:22 UTC
Maybe not, although many user of bitcoin in one country i think bitcoin cannot improve the economy of one country as long the bitcoin is not recognize as a legal currency in one country it can't help the growth production of economy. Notice that bitcoin is a virtual currency not a fiat although they use bitcoin in buying stuff and necessary need but it's value is convertible to fiat that use in buying anything.
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Topic
Board Economics
Re: Is it better to save money or invest it?
by
gracia0023
on 19/06/2017, 13:47:17 UTC
Is it better to save money in bank or invest it online, in real estate or maybe gold?


Both is better. Save money in the bank is good but your money cannot gain profit even you deposit it for a long time. Investing in online or in real state or gold is much risky it because you release a capital for it but the good thing as long as time pass as by the value of it especially in real state and gold  will increase and you will gain a high profit for the money you invest.