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Showing 5 of 5 results by kyasarin1205
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Board Beginners & Help
Re: Newbie question about forks
by
kyasarin1205
on 20/12/2017, 23:26:47 UTC
I am a bit out of hand and a little confuse here.
•When fork is happening the  bitcoin rate and amount that is equivalent to money will be the same?

sorry I got a little bit confuse even I got a little knowledge of fork

Hi kabayan!

If I understood your question correctly: There is no fork of bitcoin that ended up having the same value as bitcoin. Bitcoin forked coins always end up significantly cheaper; the most expensive currently being bitcoincash currently sitting at around $3,900.

May I asked if a fork is happening and exchanges are participating in it and I have my coin in that certain exchanges, will it affect my coin? Like, will it disappear? And some says that forks allow you to have new coin which I think is the bitcoin forked coins. If my bitcoin is on an exchanges will that be included in receiving that bitcoin forked coin?
Post
Topic
Board Economics
Re: Would bitcoin help teach kids about saving?
by
kyasarin1205
on 08/12/2017, 22:36:17 UTC
Bitcoin can teach children to save. I was wondering if it was not too early to introduce bitcoin to a child. But I feel bitcoin can train patience for children because following bitcoin is a long process. And the results will be very satisfying when we focus on bitcoin

Bitcoin can be a way of saving but not intended for kids. Maybe if they already reach the right age it can be explained to them but not now, there have a right time. If they know the value of money and how hard to earn this money's that came from their parents. In my opinion it is right that we should teach our kids about bitcoins as early.
I agree, kids need to be taught about saving but using bitcoin is a bad idea for that, bitcoin gives you the freedom to buy almost anything anywhere in the world and while that kind of freedom can be liberating for an adult person that is simply too much responsibility for a kid, it is better to teach them with cash and only teach them about bitcoin once they are older.

Bitcoin will be too much for kids to understand and beside shouldn't be the knowledge for saving start within the house and learned from the parents. Children should learn saving fiat money first because,  growing up, this kind of money is what they will be used to. Bitcoin is not yet legalized and not all people are open-minded in understanding bitcoin,  it might just confused the kids.
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Topic
Board Marketplace
Re: Accepting bitcoin for service
by
kyasarin1205
on 22/11/2017, 14:06:37 UTC
Accepting bitcoin for service is good and the same yields good profit based on the service renderered. If the service seems to be something unique it is possible to get good earning in a much shorter time period. For the Samantha user himself needs to show the trust over him which is possible through growing the account.
The only way I know you can accept bitcoin is by offering your services on this forum, but apart from that, if you mean offline it will be hard for you. Reason is that people don’t use bitcoin offline, and also not a lot of people makes use of bitcoin. You know Bitcoin is decentralized and the people using it are from different places, but if you start checking in your country, you will hardly find adsomeone using it. So if you want to accept Bitcoin for a business, you should only be doing it for online business and not offline. I have seen one app on Playstore called Blockchain merchant, I believe it was made for people who wants to start up online business and accept payment with Bitcoin.

As far as I know there are stores abroad who accepts bitcoin as regular payment but just like what you said it needs to be online for it to be possibly done.  I believe that as soon as bitcoin became more popular there will be more stores who would start accepting bitcoin.
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Topic
Board Bitcoin Discussion
Re: is it risky to turn all my money to bitcoins?
by
kyasarin1205
on 10/11/2017, 15:14:54 UTC
Even the most seasoned and experienced holders of bitcoin will preach restraint on investing all your money on bitcoin and even on other investments as well. It is also important to note that you should know that bitcoin has a volatile stock and it's not good to put all your eggs in one basket

Never put all eggs in one basket. I have read about this and I certainly agree about it for all crypto currencies like bitcoin is too volatile that putting all your money or your funds into it is very risky and dangerous. There are times that its market price is on rise but of course there will be times when it is falling. Tracking or knowing the past issues about it is very helpful to understand it. It will be wiser if what we do is to use only a part of the money so that if things did not go how we planned it, there will still be money left for us.
Post
Topic
Board Economics
Re: Does this mean Cash will be extinct?
by
kyasarin1205
on 08/11/2017, 22:39:34 UTC
I Believe someday we’re not going to use cash anymore. But that doesn’t mean it’s bitcoin’s fault. Most of Us now wants Easy Access to their Money. They want to buy something without bringing a real cash with them. Because they’re afraid of being robbed. And because of Innovative Technology that we have now, transactions are always made through the Internet. I believe a few years later from now. There will be a cashless society where nobody needs money anymore. So it’s possible for the cash to disappear sooner or later.

Yeah it is possible but it is not necessary for cash to be extinct. Using digital money may be convenient and has faster transactions  but still we need paper money.  Imagine in the future if the internet connection is cut off or shut down due to big reasons.  We know that cryptos need internet to function,  it will be better to have paper money for back up.