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Showing 20 of 71 results by hendra1988
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Board Economics
Re: What will happen if we use a one currency only?
by
hendra1988
on 17/06/2017, 07:31:13 UTC
It seems impossible to realize such a thing. Because the policy of each country is different, its needs are also different among fiat. If something like that happens, the economy of each country will be destroyed. You can imagine each state price of a material 1 with another different while the same nominal value, then there will be losses and resulted in the country looking for alternatives to create their own value of a goods / produce a good. So long over time the value of the currency is abandoned. If making all nations seems impossible because there are significant price differences between countries. As well as the above illustrations.
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Topic
Board Economics
Re: Can Bitcoin be created by Russia or China?
by
hendra1988
on 17/06/2017, 07:16:50 UTC
Being an international currency is required to have a lot of money because it will be used worldwide. Then on the next point should also be able to maintain the world's trust in the money. By weighing this requirement, surely the owner of international currency must be a strong country. Not only strong economic but also strongly political security of the country.
This can be exemplified as for example the state-owned Iraqi dinar currency. Although the currency is quite strong, but the state is unstable because of the war. This causes the dinar to be used as an international currency, the countries that own and store the dinar will feel anxiety if the country is destroyed. And once the country is automatically destroyed the country will be poor and its currency will fall down. Anyone who keeps the foreign currency, especially in the long run will definitely think about this. They do not want to lose. Hence chosen US Dollar which became the international currency because the United States is predicted to be stable in the long term.
Judging from the current Yuan that has decreased the value of the currency then it is not possible that the benchmark is yuan
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Topic
Board Economics
Re: If bitcoin price is $10.000, will fiat be worthless?
by
hendra1988
on 17/06/2017, 06:33:08 UTC
Actually I believe between there and do not believe if we see in terms of government regulation does not seem to be realized if we use bitcoin, but if we review the economic side of chaos as now bitcoin can boost economic value because the price is so volatile and continue to rise with The opinion that when bitcoin prices rise then the fiat currency is no longer valid. On the other hand there is a point too. This can lead to the government of a country feeling threatened by the increasingly popular bitcoin and used for daily needs for the community.
Fiat Currency has been declared a valid payment instrument in a State, but it is not supported by physical commodities. The value of fiat money comes from the relationship between supply and demand rather than the value of material money created. Historically, most currencies around the world are based on physical commodities such as gold or silver. But fiat money is actually based solely on the belief in the value of a piece of paper.
Since fiat money is not associated with physical reserves like gold and silver, the risk of a piece of paper becomes worthless because of hyperinflation. If people lose confidence in the value of a country's paper currency.
When the state regulation no longer requires fiat currency it will be replaced with the reserve currency of bitcoin
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Topic
Board Economics
Re: Bitcoin is Falling...Is it Panic Time?
by
hendra1988
on 17/06/2017, 05:47:23 UTC
In the meantime I will hold it first, because the price is so volatile and still not stable in recent weeks. Until then there will be an increase in price above the average. Just as stock trading is selling and buying. Where when the price goes down we buy and when the price is rising then we are finally selling we get a decent profit. The price is fluctuating due to the number of requests or miner of bitcoin who continue to play with the price. Or anything else that causes such a fraud in bitcoin investments.
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Topic
Board Speculation
Re: Will we ever see bitcoin lower than 1000$?
by
hendra1988
on 17/06/2017, 05:01:30 UTC
These weeks the bitcoin prices are so volatile, we do not need to worry about it. Therefore we should be able to think positively following the trend that bitcoin will not be getting smaller the selling price but will increase.
On the other hand there are some other competitors or cryptocurrencies being bitcoin competitors such as etherium, doge, litecoin and others that we should take, as a reserve currency. At any time there may be a shift in the value of bitcoin currencies lost to etherium.
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Topic
Board Economics
Re: The dream of getting rich with bitcoins
by
hendra1988
on 17/06/2017, 04:51:53 UTC
I generate some bitcoins by following a signature campaign and some social media bounty be it facebook, twitter, and posting on some blogs / websites. I still have not withdrawn some money because I do not think it's enough to take it. So I'm still looking for some bitcoin loins. I'm not mining bitcoin because for that I need high computer specifications and relatively expensive cost. Therefore, only a few jobs I do.
Post
Topic
Board Bitcoin Discussion
Re: Why bitcoin is not supported in some countries?
by
hendra1988
on 17/06/2017, 04:44:27 UTC
I've read in some article abaout bitcoin which is pro and contra in its use, the conclusion is :
The presence of bitcoin as the virtual currency reaps the pros and cons. Bitcoin is considered to facilitate financial transactions. However, transactions with this virtual currency can also raise the risk of money laundering.
Different countries respond differently to the presence of bitcoin in the country.
The bitlegal.net site classifies three legal statuses of bitcoin in different parts of the world with color indicators. A country colored green means allowing bitcoin, yellow means there is still a debate, and red means forbidding.
Russia and Iceland are the countries that prohibit the use of bitcoin. According to Iceland's central bank, transactions with bitcoin are considered as movements of capital abroad and illegally due to capital controls conducted in the country after the collapse of the banking system in 2008.
The Russian central bank warned businesses using bitcoin as a means of payment would be potentially considered to be involved in money laundering or terrorism financing. However, transactions with bitcoin in Russia are very large and underground.
Russia is in the red category, but the transaction is huge. The bitcoin transactions there account for 20 percent of all bitcoin transactions worldwide.
Meanwhile, China, India, Thailand and Kazakhstan still have debate over bitcoin. In China, for example, bitcoin circulates freely with warnings. Prohibition applies to companies, but the public is allowed transactions with bitcoin as a commodity trading activity on the internet.
Many countries respond to bitcoin transactions with permissiveness, which is marked by a green legal status. In the United States, bitcoin may be circulated as an electronic transaction.
In Singapore, the central bank decides not to interfere with transactions with bitcoin, but will impose taxes because bitcoin is considered a commodity.
In Malaysia, the central bank allows transactions with bitcoins. However, people are encouraged to be careful in transacting and investing with the virtual currency
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Topic
Board Services
Re: NVO.IO | Twitter Campaign | Earn upto 0.0003 BTC | [OPEN]
by
hendra1988
on 16/06/2017, 11:10:32 UTC
Link to your twitter account: https://twitter.com/HendraKholis
Link to your retweet : https://twitter.com/NVOExchange/status/865627829555179525
Link to your tweet : https://twitter.com/HendraKholis/status/875670127936651264
Number of real followers as audited on twitteraudit : 148
BTC Address: 12fP1bg1LZ3tPtiQiEwteoU7dV1WUtf8hz
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Topic
Board Bitcoin Discussion
Re: Why Cash is better than Bitcoin.
by
hendra1988
on 16/06/2017, 07:38:00 UTC
There are several reasons that do not exist in bitcoin currencies
1. of course done offline if we have real money
To draw Atm / exact withdrawal
2. there is an administrative fee to be paid to the bank unless we have cash
3. all definitely accept it because it is in the form of currency applicable to each country and can be spent again
4. no transfer system if we have cash just pay it and finish the case.
5. not complicated to deal with the exchange rate of currency against the value of the country's currency. So do not be confused
Post
Topic
Board Bitcoin Discussion
Re: Would Bitcoin ending up like Yahoo in the future?
by
hendra1988
on 16/06/2017, 07:26:21 UTC
The rivalry between Bitcoin and Etherium Coins is almost the same as yahoo search engine chronology shifted with google search engine, both using the same system called Block Chain. In this Block Chain system, data recording and transactions are performed on multiple servers that are connected to each other. That way, if there is one server that is damaged, the data can still be accessed on other servers.
What distinguishes Ethereum from Bitcoin is Smart Contract implementation, which allows you to program transactions, before you do it. For example, you can create an arisan program that will automatically move the Ether belonging to each participant to the winner's account each month
Just as the more dynamic google search engine is easier and faster to search for it.
Source: https://en.techinasia.com/ethereum-pesaing-bitcoin
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Topic
Board Bitcoin Discussion
Re: How to explain bitcoin to teenagers or children
by
hendra1988
on 16/06/2017, 05:46:06 UTC
Bitcoin can be an education for teenagers because of preparation for working the business world. Where this is told to them about the definition, benefits, objectives, initial concepts and how to use them should be in detail we teach them. We tell them that with bitcoin and no money in hand we can do business and can do what we want.
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Topic
Board Bitcoin Discussion
Re: How much risk in bitcoin investement ?
by
hendra1988
on 16/06/2017, 02:05:31 UTC
Here we are five risks you should know before investing in Bitcoin.
1. Money is not secure
2. Unstable currency
3. Cybercrime
4. Limited use
5. Hazards for the country
According to economists, investments in Bitcoin are decentralized, and can even jeopardize democratic and fiscal levels. Free exchange at no cost or tax can be converted into large fluctuations.
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Topic
Board Bitcoin Discussion
Re: That moment when you buy 1BTC at $2500
by
hendra1988
on 15/06/2017, 21:25:44 UTC
I will hold it because my purchase is worth 2500 USD and I will release it at the price of 2600 USD because if I sell it at 2000 then I will lose 500 USD. It's the same as a stupid thing if I sell it at a loss. Because here my goal is profit-oriented. But not always buying and selling the bitcoin is always lucky on the other hand will also lose. And if I do need it, then I'll sell it even if it's a loss, but only a few times. Seen from bitcoin prices, lately tend to fall significantly. This creates anxiety for buyers who are not sure bitcoin prices different from the seller, they will feel benefited because the price is relatively down and can be made long-term investment.
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Topic
Board Speculation
Re: price getting down
by
hendra1988
on 15/06/2017, 21:15:15 UTC
Bitcoin down the price and it turns out coin alternatives also come down the price anyway. This creates anxiety for bitcoin investors as well as alternative coins such as etherium. The cause of the decline of bitcoin is caused by too few numbers of bitcoin users because they prefer alternative coins. And the choice is not one but varied.
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Topic
Board Services
Re: ~~~WAVES~~~Signature Campaign~~~
by
hendra1988
on 15/06/2017, 21:05:29 UTC
The Payment recieved. Thank you sir

I hope this campaign can be longer  Grin
Post
Topic
Board Bitcoin Discussion
Re: Does any bank accept Bitcoin?
by
hendra1988
on 15/06/2017, 11:25:16 UTC
There's no bank or finansial instiitutions in this world that accepted the bitcoin. becasue there's no security for transaction payroll. just invested in the website which provides such services. and my oppinion like that.
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Topic
Board Services
Re: ~~~WAVES~~~Signature Campaign~~~
by
hendra1988
on 15/06/2017, 11:18:08 UTC
Is it this campaign just one month? Will there be an extension of time?
Post
Topic
Board Altcoin Discussion
Re: The king is already dead.
by
hendra1988
on 15/06/2017, 10:14:23 UTC
I'm not sure IOTA will be the switch king of bitcoin or etherium, because he's still quite new and it seems difficult to adapt to the long-standing bitcoin. Things that might happen if bitcoin price is really too low in the price range of 1 USD, and even then it seems difficult if predicted with the world market. Because the demand that makes prices fluctuate and difficult to predict.
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Topic
Board Bitcoin Discussion
Re: How did you first hear about bitcoin?
by
hendra1988
on 14/06/2017, 09:44:55 UTC
I'm fan of bitcoin lately. At 2013 my friend told me about interested coin. First I just try to mining the bitcoin used the eobot, at these year not so high the price of bitcoin, and then I leave mining, because too many times that I waste it. at the 2017 I look price of bitcoin is so high then other cryptocurrency and make me interested again. and right now I'm seriuosly to get the bitcoin.
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Topic
Board Services
Re: Tenx.Teach | Signature Campaign |
by
hendra1988
on 14/06/2017, 04:48:02 UTC
Is there a social media campaign? just signature campaign?