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Showing 20 of 63 results by mrbamboo
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Board Bitcoin Discussion
Re: Samsung has now entered the cryptocurrency world
by
mrbamboo
on 23/08/2018, 15:32:08 UTC
It is definitely a good news for the cryptocurrency that such a big name like SAMSUNG has entered this market.SAMSUNG is the multinational company and create various things around the globe Samsung will make a mark on the market of it's name.
Information Samsung entered the electronics market more than an advertisement for the market Cryptocurrency. But I think this is a good strategy for Samsung. When other corporations are struggling to determine whether Bitcoin is legitimate, Samsung may sell its electronic items in exchange for Bitcoin. This is quick and handy for both sellers and buyers. It will increase the revenue for the corporation from many consumers using Bitcoin all over the world.
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Board Bitcoin Discussion
Re: Samsung has now entered the cryptocurrency world
by
mrbamboo
on 23/08/2018, 15:28:36 UTC
This is a good news for those who collect and invest in the Cryptocurrency market. Samsung is a large and prestigious corporation in the world. Samsung's entry into the electronics market is a sign of the potential and authenticity of the electronic market in the future. In the context of many bad news about the Crypto market, this is a very positive news.
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Topic
Board Bitcoin Discussion
Re: how are you increasing your BTC portfolio?
by
mrbamboo
on 23/08/2018, 15:25:44 UTC
Currently, not many people want to increase their Bitcoin portfolio. Cryptocurrency market has many negative changes. Bitcoin prices are falling and are at a very low level. Many investors have lost confidence and bitcoins with Bitcoin.
There is no reason to increase Bitcoin's portfolio in such a bad situation.
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Topic
Board Bitcoin Discussion
Re: Who will benefit the most from bitcoin/cryptocurrency?
by
mrbamboo
on 23/08/2018, 15:22:24 UTC
Speculators will have many opportunities to make a profit from their trading and accumulation of Bitcoin. But with the financial risk involved. Bitcoin diggers will collect a lot of Bitcoins, they sell of Bitcoin that they dig for cash to meet their living needs. The most profitable is the Bitcoin user as a currency traded because of its usability and safety. Bitcoin was created for use at a new height, and the Bitcon user himself is fully benefited from Bitcoin.
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Board Bitcoin Discussion
Re: Bitcoin End Goal
by
mrbamboo
on 23/08/2018, 15:14:53 UTC
Bitcoin and Altcoin in the Cryptocurrency market are in the midst of a mission of transforming traditional forms of transaction into a modern form of transaction where users get the most comfort. This is a great turning point in the history of trade of human society. It makes a mark in history. That is a great thing.
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Board Bitcoin Discussion
Re: Why Bitcoin isn't a legit currency.
by
mrbamboo
on 23/08/2018, 15:11:58 UTC
bitcoin is no a legal currency because its not paying taxes in the government, the number one reason why if btc is paying taxes in evry transaction maybe it will a legal and another reason why its because some people uses btc in a fraud way.
There may be tax reasons as you say. But there are other reasons as well. For example, the inability to manage and control Bitcoin in liquidity operations is easily a tool for the sale of arms, drugs, money laundering, corruption, etc. These are potentially dangerous issues harm to social security. In general, the government does not recognize Bitcoin as legitimate because they believe Bitcoin management is not possible.
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Board Bitcoin Discussion
Re: Why Bitcoin isn't a legit currency.
by
mrbamboo
on 23/08/2018, 15:07:05 UTC
Legal or illegal matters are determined by the governments of each country. If they think that money is good for the economy, society, and safety for them, they will evaluate it well. And if they bring about a lot of trouble in the management of the country, they will judge it poorly. It is possible for countries with equal and safe social status, Bitcoin is legal, and vice versa.
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Board Economics
Re: Government regulation on cryptocurrency, GOOD or BAD?
by
mrbamboo
on 19/08/2018, 23:55:33 UTC
Government regulation is both good and bad. The bad news is that there are restrictions, and not everyone can enter the crypto-currency market. The good thing is that government regulation is the protection of citizens from the possible loss of all capital.
Yes. The government's refusal to circulate Bitcoin is also a way to protect people from fraud, but only to a certain extent. How real? There are also scams involving electronic money, and the government can not do anything to protect people, even if the money they lose is not a problem. I think the best way to protect people is to make the law as a legitimate tool for better management of Bitcoin-related activities.
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Board Economics
Re: Government regulation on cryptocurrency, GOOD or BAD?
by
mrbamboo
on 19/08/2018, 23:50:51 UTC
Currently in my country the government has not issued specific regulations for electronic money, some MPs have proposed the legitimization of Bitcoin but the head of state can not accept. However, the country's economic administrators are gradually establishing legal institutions for Bitcoin to legalize Bitcoin in the near future.
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Topic
Board Economics
Re: My Advice on Investing in Crypto
by
mrbamboo
on 19/08/2018, 23:48:14 UTC
When investing in Crypto, you should not go alone. Join the experienced Crypto market you trust. Everything on the Crypto market is very unpredictable, as well as a lot of risk. If you are not careful and inexperienced, deciding to invest in the Crypto market can make you pay a very expensive price. This is my sincere advice.
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Board Economics
Re: Wise thing to do with your savings.
by
mrbamboo
on 19/08/2018, 23:44:55 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?
In order not to lose my savings, I recommend investing in gold. One of my friends said: - How did a one-room apartment 30 years ago 1 kilogram of gold, and now it costs 1 kilogram (in my country) ...
Obviously this is an advice of a very experienced person. Gold is a very rare asset when it comes to price volatility. But saving money through gold does not seem to be very beneficial. Make money savers into smart money, that is, invest, to make them profitable for their owners. I have applied this way, and have certain success.
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Board Economics
Re: Wise thing to do with your savings.
by
mrbamboo
on 19/08/2018, 23:42:25 UTC
With your savings account, you can keep the amount of money in your account or find ways to increase that savings. If you put money in your account, the money will be almost intact, but it is safe and you can withdraw as soon as you need it. If you extract a portion of the savings for your investment, you can lose it, but with the opportunity to increase your money. I often choose to take 30% of the savings to invest, both to create opportunities for themselves, as well as provide backup for uncertain situation.
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Board Beginners & Help
Re: Can i get my bitcoin back?
by
mrbamboo
on 19/08/2018, 23:38:25 UTC
You asked if you could get your Bitcoin back. I do not understand what you mean. If you store Bitcoin in your electronic wallet but lose your password, you can find the password, but it will be very difficult and time consuming. If you have lost your electronic wallet from a hacker or someone, that means you can not get your Bitcoin back. Xin chin sad with you.
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Board Bitcoin Discussion
Re: Is bitcoin a threat to USD and Pound Sterling?
by
mrbamboo
on 19/08/2018, 23:34:30 UTC
No. Bitcoin is not a threat to the US dollar and the British pound. These two currencies operate and develop in two different markets. From Bitcoin we can convert to US dollars or pounds, and vice versa. Bitcoin owners will convert them into cash for day-to-day use, and buy Bitcoin as a reserve asset, investing in the future. They are interrelated, not contradictory, because they are in different environments.
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Board Bitcoin Discussion
Re: Bitcoin cannot be a global currency
by
mrbamboo
on 19/08/2018, 23:28:25 UTC
It is understandable that Bitcoin can not be a global currency. At present, the US dollar can be considered as the global currency. It depends on the value of the currency, the legitimacy of the country, and the popularity of the currency. Bitcoin is valuable but not yet popular, and is not considered a legitimate currency of many countries around the world. But I believe in the future, with the development of the Cryptocurrency market, Bitcoin will become the "US dollar" of the Cryptocurrency market.
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Board Bitcoin Discussion
Re: Bitcoin is independent? or depends on fiat currency
by
mrbamboo
on 19/08/2018, 23:24:36 UTC
I think that Bitcoin now operates independently of cash. The cash flow is the official money market, while Bitcoin's circulation is the Cryptocurrency market. However, there is a synergy between Bitcoin and cash. When you want to use Bitcoin, especially in countries where Bitcoin is not accepted as a legal currency, you must change Bitcoin to cash.
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Board Bitcoin Discussion
Re: Everyone is free to use Bitcoin as they want
by
mrbamboo
on 19/08/2018, 23:22:17 UTC
Everyone is free to use Bitcoin that they have. Bitcoin can be viewed as a kind of asset that individuals must work hard to get it. Currently, it is not easy to obtain Bitcoin. With the Bitcoin we own, we can do everything we want. Bitcoin is great for use by good security and anonymity. Many people are looking to own Bitcoin.
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Board Bitcoin Discussion
Re: Thailand Legalize Crypto currency
by
mrbamboo
on 19/08/2018, 15:00:53 UTC
That's good news. When countries legalize cryptocurrency, it is easier for people to learn about Bitcoin.  This is a good occasion for many people in Thailand, to start using Bitcoin.  The crypto community is expanding. We can see how the world is changing before our eyes. That's cool!
Right. At present, there are many people who own Bitcoin as well as Altcoin. Not having to bring cash to travel is a real convenience. All transactions such as hotels, services, shopping can use the Bitcoin account is great. I have a bit of Bitcoin in my account, and maybe I should go to Thailand for this convenience. Many tourists will also think like me, and Thailand will again develop strong tourism. It is good.
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Board Bitcoin Discussion
Re: Thailand Legalize Crypto currency
by
mrbamboo
on 19/08/2018, 14:57:24 UTC
If Thailand legalizes Bitcoin, then this is really good news. Maybe this is a wise decision of the government of this country. Tourism is the strength and the main source of income of this Southeast Asian country. Accepting Bitcoin as a legitimate currency will contribute to the growth of the country's tourism. Giving the country a tremendous economic resource. And congratulate the Thai people.
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Board Speculation
Re: Chinese Investor bought 10,000 bitcoin during the dip!
by
mrbamboo
on 19/08/2018, 14:54:18 UTC
For big whales like that it is nearly gaurenteed profit even if he only holds for a couple of days or weeks. How much he will still have in years to come will be interesting.

Indeed. I wish I could have that much money.

Also article says "He also pointed out that he has invested in multiple cryptocurrencies other than Bitcoin. Some of them are Theta, Ontology (ONT), Cortex (CTXC), ArcBlock (ABT), Zipper (ZIP), YeeCall (YEE), Dxchain (DXC), Charter (CAF). Some of these have brought him huge returns while some are still bleeding money."

So, I'm sure he definitely made a lot of profit.
If that is the case, then Chinese investors are going to have a spectacular investment because Bitcoin and Altcoin prices are low. Chinese investors are very rich and they have very special thoughts. If the Bitcoin and Altcoin prices peak at the end of the year, as it did in December 2017, Chinese investors are likely to be among the top billionaires in the world. Do they find Bitcoin to be a big leap forward?