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Showing 20 of 207 results by mordekaiser
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Topic
Board Speculation
Re: Price rise?
by
mordekaiser
on 22/10/2015, 02:30:38 UTC
the price has been rising steadily for some weeks now. These last few days, the rise is has been bigger in relation to past periods. now in the last few hours and after bitcoin price nearing almost $270 we see a huge crash.

There's a lot of explanations for this price behavior... what's yours?



Prices these days are very unstable and we have to keep observing how it is doing for us to be that it is doing well.
Post
Topic
Board Economics
Re: bitcoin investing
by
mordekaiser
on 22/10/2015, 02:29:01 UTC
so, what id like to do is invest bitcoins to a stock or mutual fund account, but am not sure the best way to go about it. any tips/advice?

Investing bitcoins is as risky as investing in some other stock markets but it is worth giving it a try.
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Topic
Board Economics
Re: How too get rich
by
mordekaiser
on 22/10/2015, 02:27:38 UTC
Buy or develop your own time machine and go back to 2008 and mine BTC on the computer at your mothers house in the basement

Well time machine really funny I don't think anyone ever built one but unless you can.
One key to get rich is to work hard.
Post
Topic
Board Economics
Re: Did Bitcoin Ruin Your Life, Or Help Your Life?
by
mordekaiser
on 22/10/2015, 02:24:47 UTC

Bitcoin has become an obsession for many people. Whether its investing, selling, gambling, or making purchases with it, Bitcoin has certainly become this trend that is much larger than it was years ago. Personally, Bitcoin has been a rollercoaster for me. There are times where I am up 9k in profit, only to be scammed by a professional for 6k. In other words, sometimes I am on top of the world thinking Bitcoin is going to make me an insane amount of profit, only to be let down feeling like I am going to lose every single dime I have because I am putting way too much hope in Bitcoin. At this very moment, I am in the process of disbanding my business accounts, and filing a certificate of disclosure. This isn't to say I have lost hope in Bitcoin, I just simply think there are too many faults that still exist with it. Even with a professionally typed paid FinCEN policy reviewed by 3 companies, scammers have still found a way to literally go above and beyond to steal money. I was involved with trading and selling, and its just got to a point where the risks were not worth the reward. I hope many of you have had more success than I! I've tried out some small gambling techniques as well, and of course that was a major failure. BTCJAM was great until multiple users defaulted on their loans. Then I tried one of the most recommended cloud mining services only to find out it was a ponzi scam and lost out on more coin from them. My last resort was to add a bitcoin faucet to my website, but there are just far too many to compete with, and the advertisement costs to draw attention were just to much for it to be worth it. I could have had the opportunity to retrieve about $2,000 from some scammers, but for me to hire a lawyer, travel to another state for a court date, it becomes too expensive and not worth it in some cases where you are scammed.

My best advice for anyone seriously getting involved with Bitcoin is the key word "money management". You might get to a point where your operation with whatever it is could be rolling in some serious money. Don't get greedy! Thats what I did. Never put in more money that your comfortable losing. If you are happy to invest $1,000 knowing it could be gone, then set that limit until you are comfortable risking a little more. For me personally, I was rewarded very fast with Bitcoin in the beginning. Then I started to purchase more, do bigger volumes of trades, and then boom, you wake up one day and your profits and bitcoin is gone from a hacker/scammer. Every person is different, every one also takes different risks and assessments when it comes to Bitcoin. All in all, has bitcoin ruined your life, or has it made your life better?


It actually make my life better, I always love to use it and keep it.
I would keep investing to the coins to be use in the future.
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Topic
Board Economics
Re: What you will do if bitcoin price drops to 50$ and you have lots of bitcoin
by
mordekaiser
on 22/10/2015, 02:22:07 UTC
and do you think that will happen in 2015 ?

I think it I would keep my coins and save it for the future and I will buy more coins if that happens. It might happen this year we just have to observe the prices charts.
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Board Off-topic
Re: Will you quit your day job to go full time on bitcoin?
by
mordekaiser
on 22/10/2015, 02:20:29 UTC
Are you inspired by those bitcoin millionaires? Are you thinking of filing a resignation letter on your day job (if you have any) and focus on bitcoin instead?

Me? I do have a day job and I consider bitcoin as my side job. I don't want to lose that another source of income just because bitcoin is awesome.

I probably do that because i know bitcoin is very promising and it will be more than enough.
Post
Topic
Board Economics
Re: How to save money.
by
mordekaiser
on 22/10/2015, 02:18:07 UTC
This is my first post. Please do respect

My post intention is to help readers to save their money.

Some of the employee are not saving their money. They spend it on things that they dont need. For example gadgets,buying a concert ticket, accesories, etc.Buying things that not they need is also like a wasting money. Because this thing give a happiness  not a good life. Saving money is just like securing your future because your savings can help you in emergencies. These are the way to save money .
If you are empolyee. You must save atleast 20% of your salary. The 20% of your salary divides into two .


The 1st way : cash reserves- medical insurance, retirement, life insurance  and if you not have salary yet. And emergency. But dont spend all of you 10% in this emergency. You must know if the injury is serious o not before you spend the 10%.
The cash reserves must equal of your 6 months salary this will help you and ensure you becauas of you loss your job you have extra money .

The 2nd way : investment, business- you can invest in some company so that you have a extra income. And you can also built a small business that will always have an income like apartment.

Example. My wage is $ 7.5 per hour and i work for 8 hours and i work for 20 days. So thar my salary is $1,160 . The 20% of $1,160 is $232 .
So that my cash reserves is $ 116 i can spend this money in emergencies and medical insurance.
If my 6 month salary is $6,960 i can stop my saving money in cash reserves.
 

Thank you .

Make your expenses be lesser than what you earn in that way you will be able to save money and avoid being in debt.
Post
Topic
Board Economics
Re: The future of the paper money
by
mordekaiser
on 22/10/2015, 02:16:49 UTC
Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:

Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?


I think paper money will still be here in the future and we will still be using it.
Although right now technology is causing it to go extinct in the future.
Post
Topic
Board Economics
Re: Is it better to save money or invest it?
by
mordekaiser
on 22/10/2015, 02:13:25 UTC
Is it better to save money in bank or invest it online, in real estate or maybe gold?

Do both because investing your money will give you more than what you give and saving it to be sure that it is safe.
Post
Topic
Board Economics
Re: Bitcoin or Gold? What would you pick?
by
mordekaiser
on 21/10/2015, 04:36:48 UTC
If given a choice to walk away with either Bitcoin or gold of equivalent value, what would you pick?

Asians and Westerners were asked in Taipei in Chinese and English if they would take Bitcoin or gold home with them that day, and the answer might surprise you...

http://www.youtube.com/watch?v=m6GiC8dqN9A

We just shot a video outside the Taipei 101 skyscraper area here and gave people a chance to answer if they would walk away with either Bitcoin or gold- and why.

If you were approached and were offered the same deal, would you walk away with Bitcoin or gold in your pocket, and why???





I would choose gold because the price is more stable than the bitcoin's.
Post
Topic
Board Speculation
Re: Price rise?
by
mordekaiser
on 21/10/2015, 04:35:43 UTC
the price has been rising steadily for some weeks now. These last few days, the rise is has been bigger in relation to past periods. now in the last few hours and after bitcoin price nearing almost $270 we see a huge crash.

There's a lot of explanations for this price behavior... what's yours?


The price behavior is somehow unpredictable but observing its price it is rising although it shows sign of falling down but the probability of it going up is more accurate.
Post
Topic
Board Speculation
Re: Will BTC reach $300 this month?
by
mordekaiser
on 21/10/2015, 04:32:13 UTC
Seeing the recent price moving upwards, I am a bit optimistic about btc reaching till $280 or so, but I don't think price can continue being stable after that. What are you guys' opinion on this?

Yeah it is already close to that and it is not impossible for it to reach $300 this month.
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Topic
Board Speculation
Re: How much do you think 1 Bitcoin will be worth in 2020?
by
mordekaiser
on 21/10/2015, 04:30:49 UTC
Always thought the $100.000 was total bulshit but can't help hoping it will get there eventually.

Please put down the number you think it will reach not the number you hope it will be  Cool

I think the bitcoin's price in that year will be a lot like it will be $20000.
Post
Topic
Board Economics
Re: Is it better to save money or invest it?
by
mordekaiser
on 21/10/2015, 04:30:11 UTC
Is it better to save money in bank or invest it online, in real estate or maybe gold?

I would do both because it is better to be sure in where the money would go. So I will choose to do both investing it and at the same time saving it.
Post
Topic
Board Economics
Re: Who's using Bit-x exchange?
by
mordekaiser
on 21/10/2015, 04:28:59 UTC
Any of you crypto kids using Bit-x exchange for trading or mining?



Im not using it yet because I am using something else but I would like to give it a try in the future.
Post
Topic
Board Economics
Re: The future of the paper money
by
mordekaiser
on 21/10/2015, 04:28:17 UTC
Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:

Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?


There will be a new money that people will use in the future maybe not necessarily paper money anymore but some thing very convenient to use that will make life easier.
Post
Topic
Board Economics
Re: How too get rich
by
mordekaiser
on 21/10/2015, 04:25:04 UTC
Buy or develop your own time machine and go back to 2008 and mine BTC on the computer at your mothers house in the basement

For me I think work hard and whatever you do do it heartily and it is important that you enjoy what you do because you will grow  tired if you don't love what you do. And it will pay off soon. 
Post
Topic
Board Economics
Re: bitcoin investing
by
mordekaiser
on 21/10/2015, 04:23:02 UTC
so, what id like to do is invest bitcoins to a stock or mutual fund account, but am not sure the best way to go about it. any tips/advice?

Investing bitcoin is risky I wont deny it but it is worth all the risk because it pays off more than you expected when it is done right.
Post
Topic
Board Speculation
Re: I AM HODLING
by
mordekaiser
on 20/10/2015, 03:17:19 UTC
I type d that tyitle twice because I knew it was wrong the first time.  Still wrong.  w/e.  GF's out at a lesbian bar, BTC crashing WHY AM I HOLDING? I'LL TELL YOU WHY.  It's because I'm a bad trader and I KNOW I'M A BAD TRADER.  Yeah you good traders can spot the highs and the lows pit pat piffy wing wong wang just like that and make a millino bucks sure no problem bro.  Likewise the weak hands are like OH NO IT'S GOING DOWN I'M GONNA SELL he he he and then they're like OH GOD MY ASSHOLE when the SMART traders who KNOW WHAT THE FUCK THEY'RE DOING buy back in but you know what?  I'm not part of that group.  When the traders buy back in I'm already part of the market capital so GUESS WHO YOU'RE CHEATING day traders NOT ME~!  Those taunt threads saying "OHH YOU SHOULD HAVE SOLD" YEAH NO SHIT.  NO SHIT I SHOULD HAVE SOLD.  I SHOULD HAVE SOLD MOMENTS BEFORE EVERY SELL AND BOUGHT MOMENTS BEFORE EVERY BUY BUT YOU KNOW WHAT NOT EVERYBODY IS AS COOL AS YOU.  You only sell in a bear market if you are a good day trader or an illusioned noob.  The people inbetween hold.  In a zero-sum game such as this, traders can only take your money if you sell.

so i've had some whiskey
actually on the bottle it's spelled whisky
w/e
sue me
(but only if it's payable in BTC)


If you are holding it be great I'm sure your waiting for a good price to come and you can sell the coins away.
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Topic
Board Speculation
Re: What 2016 holds for Bitcoin?
by
mordekaiser
on 20/10/2015, 03:15:21 UTC
Since your own experience and opinion What should we expect from next year for bitcoin state?


2016 will be a great year for bitcoins many people will know about it and began to use it, it will be great.