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Showing 20 of 114 results by koyo12
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Topic
Board Beginners & Help
Re: Before Investing in Cryptocurrencies
by
koyo12
on 06/06/2018, 14:07:47 UTC
6 Things Good and Bad You Should Consider Before Investing in Cryptocurrencies.

1)- Potential returns can be massive.
2)-Inexperienced teams. I mean to say Bad Experience
3)-Liquidity
4)-Technical difficulties
5)-Transparency
6)- Security

I recommend using a cold storage wallet that lets you control your private keys. Your private key is what allows you to access your coin on the blockchain. It's best to keep this key offline and in a secure place.

Investing in cryptocurrencies is very risky. The markets are volatile and the technologies are still quite young. However, they are still a great opportunity for anyone interested in investing. Treat them as you would any investment and please do your own research.
Before investing in cryptocurrency first you must know everything what is crypto, and how it works. So that in near future you will not regret that you invest in crypto.
Post
Topic
Board Economics
Re: Reason we pay taxes and why we should
by
koyo12
on 06/06/2018, 14:06:08 UTC
If you are walking on the road and enjoying a nice day at the nearby park it's all because someone paid their taxes.
Taxes helps a lot , I have seen people frowning over about how they don't want to pay any taxes and as such.
Government ensures that if you earn over a certain amount then for sure you can contribute in the making of your country. It's only if you are able to.
Taxes helps in :

    Paying the salary of government employees
    Making of roads
    Public schools
    Parks run by the government
    Maintenance fees
    Making government hospitals
    Making high schools ... The list is endless

We all use all these services at one part of the life or other therefore we can just consider it a little payment for that .
People frown how government is corrupt , it is but not entirely if it was then you woont see new projects coming up in your town or city.

It's just our responsibility to pay taxes, we shouldn't run from it because it will more or so be used for everyone out there in your country , you are indirectly helping others too through paying them , the less advantageous ones.

Also one might say government can print all the money they need , but that's not the case ..the more money a government prints the lower the value of their currency gets which genrally have adverse effects in many sectors.
Reasons to pay taxes is for development of one country or community, and we should pay our tax to give contribution in our country its not for us but for the next generations.
Post
Topic
Board Economics
Re: Bitcoin business success
by
koyo12
on 29/05/2018, 01:42:49 UTC
I;m interested, since bitcoin isn't that much widespread yet, how are businesses (that are directed towards bitcoin only) doing? Is it paying off or is there some serious profit involved?
All over the world more people became rich because of bitcoin, just like me I always dream that someday I became rich also because of bitcoin. Because I know bitcoin is the answer of our financial problem.
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Topic
Board Economics
Re: Wise thing to do with your savings.
by
koyo12
on 29/05/2018, 01:41:02 UTC
I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
For me the best wise things to do with your savings are invest a new car or a new home. So you can see all the money that you can save. Their is a reasone why you save a money its because for your future.
Post
Topic
Board Speculation
Re: Do you have an expectation of bitcoin recovery from fallen?
by
koyo12
on 29/05/2018, 01:39:02 UTC
I still believe that bitcoin will recover from fallen,and it will grow up to the higher again.how about you?!
My expectation about bitcoin from fallen, it will recover and everyone who have bitcoin now they dont allow bitcoin will gone with no reasons because they give their best hardwork to have a bitcoin. And bitcoin can recover.
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Topic
Board Economics
Re: What do you prefer Bitcoin or Ethereum ?
by
koyo12
on 24/04/2018, 01:28:59 UTC
I was wondering which one was your favorite out of the two cryptocurrencies? I think Ethereum has proved to be more flexible than Bitcoin even though Bitcoin is making the biggest noise
I just prefer bitcoin even if the price is like roller coaster. But before that bitcoin is so good coin for me, most interesting coins of all time.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoins for illegal activity
by
koyo12
on 24/04/2018, 01:24:43 UTC
From recent news in India it is heard that bitcoins are used to sell drugs..I know its a currency and it is also used as a normal money... but these can create a bad space in people's mind that bitcoins are used to sell drugs..so they will not use bitcoins... Conclusion is that BTC is also a currency which is having a high value in the market..and bitcoins must not be used in these illegal activity which can reduce its usage and value.
Their are many people using bitcoin in a bad way. They scam people using bitcoin. That's why more and more people also are attracted to used bitcoin even they don't know how and what is the main purpose of bitcoin.
Post
Topic
Board Economics
Re: Where do you spend your money from Bitcoin?
by
koyo12
on 04/04/2018, 01:59:45 UTC
Today's economy is either rising or falling depending on the consumers and sellers. If you join the Bitcoin, there is a high probability that you will gain something from your money because there are a lot of opportunities here. So my question is, "Where do you usually spend your money that you have gained here in Bitcoin?"
Their are a lot of things to spend your money. But first you think first your future not only todat. Because grace sometimes can come to your life so give more importance.
Post
Topic
Board Bitcoin Discussion
Re: KFC now accepts Bitcoin!
by
koyo12
on 04/04/2018, 01:56:46 UTC
Check out my YouTube video where I dive more in depth : BREAKING NEWS KFC is now accepting Bitcoin, and Smart contracts might be legally binding!

Is this just a bucket of chicken, or a bucket of publicity stunts?

You will be able to buy a bucket of chicken in Select Canada KFC's. However you will have to order it online using Bitpay, and have it shipped to you.

Cost : Around $20 + $5 shipping + Taxes + Any other blockchain fees


What do you guys think about it?

If KFC will accept bitcoin its a good news to everyone. I hope not only KFC but all food chain also can accept bitcoin so that everybody is easy to pay their bills even without physical money ot ATM or credit card. Because now a days its so high tech even in paying bills.
Post
Topic
Board Economics
Re: The dream of getting rich with bitcoins
by
koyo12
on 04/04/2018, 01:54:33 UTC
Maybe not to get rich, but sure as hell to earn a decent amount of money with bitcoins.

How much money did you earn with bitcoins? Or did you lose some?
Everybody dreaming to become rich because of bitcoin. Just like me I am dream that I can also be rich just like others. So I work hard and I dont stop to learn about bitcoin. So that in near future I have a lit of knowledge about bitcoin and I will share also to others.
Post
Topic
Board Economics
Re: Crisis is Coming
by
koyo12
on 30/03/2018, 02:49:13 UTC
There was a kind of 'Black Monday' in the US Stock Exchange. The Dow Jones Index fell 4.60 percent. A daily loss was the strongest drop in Wall Street history with 1,175 points. Panic sales jumped into the world, the Japanese Nike index dropped by 5.5 percent ...

I do not particularly like to give disastrous news, but the crisis is in the doorway ...! The American Stock Exchange has not experienced such a decline for a long time.

Is this situation the signals of the crisis or is this crisis going to be skipped in a short time?


We are all waiting with curiosity ....
We already feel the crisis. Even in bitcoin we suffer crisis because of the value. But always think positive, that this crisis will be ending and not comeback anymore so that every people can also experience what is bitcoin all about.
Post
Topic
Board Altcoin Discussion
Re: Your Country and Cryptos
by
koyo12
on 30/03/2018, 02:47:21 UTC
I'm curious, how big are cryptos in your country? Are they still collectively referred to as bitcoin, or do news reports and local media actually dive into their merit and the difference between coins, projects, companies etc. I'm from Canada and most of the current news is wavering between reports of malware installing mining agents and the Canadian Security Exchange cracking down on ICO sales.
My country is not yet ready in crypto world but people is always ready because they want to learn more bout crypto. Most countries afraid that their people will be crazy about bitcoin. So that they minimized their people to access the crypto world.
Post
Topic
Board Economics
Re: Alternative investments
by
koyo12
on 30/03/2018, 02:40:06 UTC
Aside from bitcoin what do you think is one of the best alternative investments in the economy today?
Their are so many alternative investment today. Most people invest their money in business, house, cars and so much more. Important is you can afford and smart when you do or enter in one investment. So that in the next days you wont regret if ever you lose your money.
Post
Topic
Board Economics
Re: Are electric cars bad for the oil industry?
by
koyo12
on 29/03/2018, 01:17:22 UTC
Title.

So. Electric cars are gaining in popularity, therefore the popularity of gasoline will be going down. Won't the price go down, leaving the oil industry in trouble?
For me electric can is not bad to oil industry, but electric car is very expensive not all people can afford to buy that thing. Although its good in environment.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is changing the world.
by
koyo12
on 29/03/2018, 01:09:36 UTC
Yes, bitcoin does contribute to changes in people's lives. But this all makes me worry ; when the price becomes higher and people start to leave it.
Bitcoin is slowly change the world. Because of the big impact of the people to used bitcoin, everybody now are using bitcoin because they know someday its big help to them and it totally change their life.
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Topic
Board Bitcoin Discussion
Re: How to explain bitcoin to teenagers or children
by
koyo12
on 29/03/2018, 01:01:20 UTC
Bitcoin is difficult to explain. I also felt difficulties in understanding bitcoin for the firs time. Let's share how to explain bitcoin to children of teenagers. In My country I can say 98% children don't know bitcoin. In fact, bitcoin can be future money. If the children not familiar with cryptocurrency or bitcoin, how can they face the digital era in the future.
Bitcoin now a days is very popular. Even teenager or children know bout it. So its easy to them to understand what is bitcoin all about. All we need is to guide them on how to used bitcoin and how to be responsible in their bitcoin. Because they learn about bitcoin in internet or social media.
Post
Topic
Board Bitcoin Discussion
Re: Saving Bitcoins for your Children.
by
koyo12
on 28/03/2018, 07:04:33 UTC
Like every other investment such as real estate, stocks and other forms of investment we know that you can invest in that kind of things and then you get something like say a Certificate or a Binding Document as a proof that you are part of that investment, now that of bitcoin all you have is just your address, your password, key and seeds as proof of the ownership of the wallet.

BTC

So now if one is considering buying bitcoins and saving for his/her children in the future is there any way to do that with bitcoins apart from having to write down your details somewhere. I'm asking because with that kind of stuff if no one knows your seeds or password no one can get the coins. Huh Huh Huh
Holding bitcoins or saving bitcoins to your children's future is like you invest your money in the bank. So for me, it's better save bitcoin for my children so that in near future they also experience the value of bitcoin.
Post
Topic
Board Economics
Re: Would bitcoin help teach kids about saving?
by
koyo12
on 26/03/2018, 08:53:23 UTC
So I have 2 cousins. One of them doesn't save and is a huge spender while the other is a saver and spends only once a year. So would bitcoin be a good way to teach them about saving? Since, mining bitcoin is the only way to make alot of bitcoin, I would use a alt wallet to show them what happens if you spend and don't save. What do you think?
Yes for me bitcoin can also teach to kids to save money. Now a days kids must learn to save money. Dont spend everyday like nonsense things. We need to save for their future. So bitcoin is the way to learn kids how to save. And also we can teach them what is bitcoin all about.
Post
Topic
Board Economics
Re: Is it better to save money or invest it?
by
koyo12
on 24/03/2018, 06:56:31 UTC
Is it better to save money in bank or invest it online, in real estate or maybe gold?
Honestly I just save money because for now no one can predict what happens next. What if their are incidents will happen and then you need money atleast you save money for your future. Just wait bitcoin will stable and then invest it.
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Topic
Board Bitcoin Discussion
Re: Would you still buy Bitcoin?
by
koyo12
on 24/03/2018, 06:51:23 UTC
Hey guys. I was asking my self "Should I buy Bitcoin now? What if it's gonna go down after I buy?". What do you think? Should I buy or wait?
Yes, I continue buy bitcoin. Because I know the value of this, and I know someday bitcoin will comeback soon. I will not regret to continue buying bitcoin because I know bitcoin is my future its our future.