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Showing 20 of 767 results by laravuemaster
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Board Economics
Re: Why do older people like investing in Gold/Silver?
by
laravuemaster
on 23/09/2018, 13:09:33 UTC
Because they are more likely to see that their investment is definitely not going to be a scam. Bitcoin investment in metal product investment such as gold and silver is different. Bitcoin is a digital currency available in many ways, gold and silver have a stable price and price increases depending on demand and supply like bitcoin. More than the bad news that spreads today affects bitcoin so they prefer to invest in gold and silver.

Most of the old people are not updated about the technology and that is the reason why they never knew how cryptocurrency is very profitable in the market, and most of the people are earning a huge amount of profit right now.
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Topic
Board Economics
Re: Why most bitcoin users from good economies countries?
by
laravuemaster
on 23/09/2018, 13:05:03 UTC
Most bitcoin users come from good economic countries because this countries are abundant with power supply and a strong internet connections, that is why they can rely on their uninterrupted supply which strongly needed in involving cryptocurrency activities and works.



I think since the country's economic it was good, the population can buy everything needed to buy a tool that made the means to manage bitcoin. for example the necessary tools is PC or Internet network. and I think since most of the population in developed countries already have access the Internet and electronic equipment. and technology education in the country existing and the majority of people want to learn to use technology.

Because those countries are not negatively affected by cryptocurrency and they can invest anytime they are interested and make more income depending on the situation of the market.
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Board Economics
Re: How did Crypto help you out?
by
laravuemaster
on 23/09/2018, 13:03:05 UTC
This question is especially for those who have been into crypto for a long time. How did cryptocurrency help you, most specifically financially? Did you earn more? Gain more investment? I do have a friend who wants to get into crypto but he does not have a lot of savings in his bank account or any major investment. I told him to save more before getting into crypto because they still have mortgage and car loan to pay. Do you think crypto will help him out to?

Cryptocurrency will always help you out depending on how much you invest, that is the reason why cryptocurrency is very profitable in the market if you only knew how to hold your coins.
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Topic
Board Economics
Re: Is NOW the best time to buy or enter in bitcoin?
by
laravuemaster
on 23/09/2018, 13:01:46 UTC
Bitcoin prices plunged from $4900 to $3300 withing pan of few days. Now some news-points from bitcoin world are claiming this price plunge was planned. Check following links:

https://news.bitcoin.com/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/
http://btc-flow.in/2017/09/16/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/
http://btc-flow.in/2017/09/16/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/

Now without going into whether above claims are true or not, my concern is "Isn't this is the right time to enter the bitcoin market or purchase few more". There is definite signs of improvement in the bitcoin price market. Current price is around $3757. It is quite possible to see bitcoin back to 4k to 5k or more. Given biggest players from finance sector are eying this lucrative market.
What do you think, is this is right time to buy some more bitcoins or wait and watch?


The market price right now is very low and that is the reason why you should invest even more because most of the people today are selling their coins due to their emotions so take advantage of the current situation right now.
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Topic
Board Economics
Re: Asians are the most bitcoin holders in the world.
by
laravuemaster
on 22/09/2018, 05:52:09 UTC
bitcoin was born in Asia and the majority of users are also Asians. Is it true that the majority of bitcoin holders are Asians. anyone can tell me

Most of the government in asia are allowing their own people to invest on cryptocurrency because they knew that it can actually improve their own country since people can pay taxes easily in that way.
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Board Economics
Re: Why Cryptocurrency threatens governments
by
laravuemaster
on 22/09/2018, 05:47:43 UTC
Over the years cryptocurrency  has evolved into a global currency but governments are trying to sweep it's relevancy under the carpet. We all know that the eyes of the community are now opened to the importance and blockchain technology.

What baffles me is why are the government making lives difficult by banning or limiting it's use? Is it because it threatens the political power or are they scared it will improve the global economy or force the traditional banks to reduce their ridiculous interests rate which we have been robbed of for decades now.

What is your take on this and what do you think will make governmental bodies to finally accept crypto?

Cryptocurrency is threat to the government because there are a lot of people today who prefer bitcoins rather than placing their money on the banks, that is the reason why it can change the flow of the economy of a country.
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Topic
Board Economics
Re: Cryptocurrency or Stock Market?
by
laravuemaster
on 22/09/2018, 05:40:15 UTC
As we all know, stock market had been there for a very long time now and on the other hand, cryptocurrency is a fast rising trend when it comes to the world of trade and commerce. Some may prefer to invest in crypto because of high returns but some will still go with stock market and play it safe.
In your opinion, what will be the best option to invest your money on?

I highly prefer cryptocurrency because it does not have any rules and you can invest on any exchanger then wait for the price to pump up again just , so basically it works like buying and selling or trading.
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Topic
Board Economics
Re: Why spend time in bitcoins?
by
laravuemaster
on 22/09/2018, 05:39:27 UTC
We all experience being financially challenged and we cannot deny that money makes us revolve around it. When we find ways to alleviate our financial suffering, we stand our ground and spend so much effort just to see the result and of course, benefit from it. Do you think that spending time and effort to gain bitcoins is a rational idea? Do you think that you could've been wasting your time? Let me know about your thoughts.

You should spend time in bitcoins because it helps you to have more income rather than working in the corporate world and just earn a small amount of salary.
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Topic
Board Economics
Re: The panic seller irony
by
laravuemaster
on 21/09/2018, 06:38:40 UTC
I know some coworkers that sold BTC today, they are real casuals, they got into BTC because they heard it went up a lot, they don't know even to set a local wallet so they store their coins on Coinbase or wherever the fuck they buy at.

Well, they sold today at at the dip near the $4000 double bottom.

The irony is, these casuals are the ones that are always complaining about how it's unfair that BTC is distributed in the hands of few whales, YET, they are the ones that constantly panicsell and give their cheap BTC back to these same hands they are complaining about, because guess who is profiting the most on these dumps: whales. They buy lots of cheap BTC.

If you want whales to stop having so much BTC, don't panic sell or you will keep feeding them. Just focus on your own portfolio and keep stacking BTC on the dips. In the long term, we will win.

Panic selling will always happen for the people who are not well knowledgeable about how cryptocurrency works, that is the reason we should invest even more when the market prices are decreasing.
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Board Economics
Re: What can be done to make bitcoin stable?
by
laravuemaster
on 21/09/2018, 06:37:38 UTC
I am relatively new with regard to bitcoin but what I have noticed is that a lot of people just invest on it and then cash in when they feel like it is already enough to make a profit. I do not think that this will not be great in the long run because of it being unstable. So what can be done to make it stable?

Bitcoins will never become stable, there are a lot of people today who are selling and investing in the market, in that case the price will always change depending on the demand and supply.
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Topic
Board Economics
Re: Technology improves we work more.
by
laravuemaster
on 21/09/2018, 06:36:52 UTC
The goal of technology was for everyone to have easier lives and work less. Well todays generations have it much tougher.  They are working for much lower wages and longer hours.  Its next to impossible for millenials to purchase a house on their own.  Something here itsn't right, Capitalism?

As the technology improves it was easier now a days to earn money since cryptocurrency can be mined through block chain, that is the reason we can make more money through technology advancement.
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Topic
Board Economics
Re: The gap between poor and rich countries, a major impediment to global adoption
by
laravuemaster
on 21/09/2018, 06:06:23 UTC
Undoubtedly, the acceptance of bitcoin is growing in a remarkable way, but most of the people involved in these field are people from Europe, Asia and America. For me who live in an underdeveloped country of Latin America I find it disappointing to see the little interest that people have in these technological issues, and the great ignorance that still prevails with respect to cryptocurrencies.

In addition, in these countries people have very few aspirations and do not seem interested in matters related to technology. And from what I see, in places like Africa, something similar seems to happen.

This type of educational, economic and technological limitations will only mean a delay for bitcoin to become a cryptocurrency of truly global scope and use.

The gap between poor people and rich countries is that, those rich can invest a huge amount and earn more profit, that is the reason why there are so many price manipulators as well.
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Topic
Board Economics
Re: Will Bitcoin become a long-term trusted store of value?
by
laravuemaster
on 19/09/2018, 03:15:20 UTC
Whether one should invest in bitcoin or not depends on whether you think Bitcoin will become a long-term trusted store of value.
If it does become a long-term trusted store of value, BTC should trade around $2,000,000 a coin (depending on how many coins are lost and are actually in circulation). That is over 100x the price of where BTC is today.
If BTC does not become a long-term trusted store of value, its likely price will be close to zero (unless it becomes a "cool" collectible... which is a possibility).
So if you think BTC has a 10% chance of becoming a long-term trusted store of value, it is a good investment with a nice expected return. It is still very risky but professional investors should invest some small portion of their portfolio in this case.

Obviously bitcoins will be really good for long term investment due to different people who are interested on investing in cryptocurrency and that is the reason why we should invest today while the market price is still dumping.
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Topic
Board Economics
Re: Is It Possible that The Moslem Countries Can Accept The CryptoCurrencies System?
by
laravuemaster
on 19/09/2018, 03:12:45 UTC
In the Moslem Countries like Saudi Arabia, Qatar, United Arab Emirates even Brunei Darussalam etc were enacted Islamic Economy System based on sharia. Is It Possible that The Moslem Countries can accept the cryptocurrencies system in their economic system? What's your opinion?

Yes it was possible as long as their government will allow it to happen, so keep on investing right now while the market prices are still low, in order to earn more profit in the future.
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Topic
Board Economics
Re: Are fiat currencies necessary in the world?
by
laravuemaster
on 19/09/2018, 03:11:47 UTC
in the future, will there really be a need for fiat currency? Government can collect taxes in crypto, determine how to allocate it, and spend it in crypto. Ppl can receive salaries and do all commerce using crypto. Loans can be done in crypto. Fundraising can be in crypto. Sure, problems have to be worked out in terms of scalability, does it have to be completely decentralized, etc, the value has to become more stable. But theoretically, is there any reason to have fiat in the future?

It has been established that governments can now do taxation without representation by printing more money (which is a tax on everyone holding the currency), instead of trying to get a bill passed that allows it to increase the tax rate. With crypto this would be no more. All increased taxation would have to pass a vote.

From an economic standpoint, the idea that a country can stimulate its economy by adjusting interest rates is tenuous. There is just as strong an argument that lowering interest rates has caused speculation and bubbles, with calamitous results. In a crypto market economy, capital will flow from where it is needed less to where it is needed more.

Obviously it was really necessary, not every people can manage to invest on cryptocurrency and that is the reason why fiat is very important today and not just cryptocurrency.
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Topic
Board Economics
Re: Why all people moan about the price of bitcoin?
by
laravuemaster
on 19/09/2018, 03:10:30 UTC
The forum is full of topics - “When Will Bitcoin Be Back To $...”, “Why BTC is under $...?”, “Final bottom at $...”, “Why BTC is down again?”, “Bitcoin will rise again ?” etc. The last two topics may appear in various forms  a dozen times a day.
I looked at graph price of BTC out of curiosity. I have noted to the price floor:

2015 - $200+
2016 - $300+
2017 - $700+
2018 - $5000+


Do you see something frightening in it?

We all can see that price drops because of actions by a Governments and big whales. Because they have the means and opportunities. They want to break into the our market on advantageous terms for them. Okay, well, I mean, that makes sense. We knew it would happen. But why that have to affect us?

In December 2017, the most people said - "Why I didn't buy BTC for $500… for $1000… f#ck it!.. for $2000...", "I will definitely buy BTC if it costs $7k-6k!..". But now when the price drops so well for us, we see "The demand for BTC is dropping". Seriously?!

So, instead to take advantage of the situation, buy up coins and altcoins, attract new people in crypto world more active than before, a lot of people stuck in indecision and think whether crypto market falls to the bottom and stays there.

Guys, are you serious? Crypto world is made by us. Governments and big whales haven’t any tricks to rule our world. It will happen only if we do nothing.

What do you think about it?


It was normal for people to moan about the prices of cryptocurrency today because the market prices are dropping, that is the reason why they are complaining so much about the current market situation.
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Topic
Board Speculation
Re: What is our assurance that Bitcoin will stay for long or forever?
by
laravuemaster
on 18/09/2018, 07:06:35 UTC
What is our assurance that Bitcoin will stay for long or forever?  There is a prophesy I have heard that Bitcoin will fall.
Can you share some strong reasons of why Bitcoin will last?

As long as there are a lot of people who are interested on cryptocurrency, bitcoins will never die, that is the reason why you should invest right now while it was still early.
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Topic
Board Speculation
Re: will the beginning of 2019 btc rise?
by
laravuemaster
on 18/09/2018, 06:58:59 UTC
seen from the history of btc prices per year, it always rises significantly. will 2019 btc prices rise like the year before? investors have been waiting for this moment for investment. From 2009 to 2013 the Bitcoin exchange rate reached 12,000 times the increase, which is up to the price of $ 1,200 / 1 BTC (around Rp. 15.8 million / 1 BTC). Then in the third quarter of 2017, the price of Bitcoin came to an all-time high of $ 6.194 / 1 BTC (Rp. 81.7 million / 1 BTC). If we look at the total increase from 2009 to 2017 (within 8 years), the price of Bitcoin has risen by 61,940 times / 6,194,000%, a truly fantastic growth

The market is based on demand and supply so you will not be able to determine when the market will pump the prices again, the best thing to do today is just hold your coins since the price is very low.
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Topic
Board Speculation
Re: Do you trust chart analysts?
by
laravuemaster
on 18/09/2018, 06:57:30 UTC
Do you really trust chart analyst?lot of people predict bitcoin price with chart analyst.but i don't trust them.i think bitcoin price and other crypto price depend on supply,demand and NEWS.

I never trust chart analysis and i highly prefer to conduct my own research in order to determine if the current coin or ico i am interested to join is really profitable or not.
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Topic
Board Speculation
Re: Will bull run of BTC start soon?
by
laravuemaster
on 18/09/2018, 06:56:48 UTC
This year , upto now is not good for crypto investors. Value of the investment is far less than previous year. We saw last year BTC went pass 19k and now it is around 7-8k. Price of btc is fluctuating. Therefore alt price also not increasing. Every investors hope the recover of market soon. But it didn't happen yet. Some experts said that it will start on june. What do you think about this situation?

The market right now is already bullish and that is the reason why you should be holding your coins in order to avoid losing a huge amount of your investments.