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Showing 20 of 347 results by muhhentuhhen
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Board Economics
Re: Can bitcoin help rebuild Venezuela? - Darb Finance
by
muhhentuhhen
on 17/09/2019, 17:20:20 UTC
To be honest with you, the information you read always appears a lot every day, apply crypto and bitcoin ATMs, launch bitcoin's ATMs somewhere but these stories really don't have a lot of convincing evidence, mostly appear for a short time and then people will forget it, these bitcoin ATMs are still operating until now or it has stopped working, it is a question without an answer. Therefore, do not rush to think that Venezuela is a suitable country to develop bitcoin, and bitcoin doesn't rebuild a country, it just builds assets for people who know how to use it
I agree with your opinion, but when a country installs a bitcoin atm, I think that the country supports its people to use bitcoin. because of that, I think it's appropriate to start developing Venezuelan thinking about cryptocurrency-based businesses, especially bitcoin.

this is just an estimate that I have in mind, but with that in mind, I am sure Venezuela can use bitcoin to their advantage whether it is individuals or groups, and that can make Venezuela a step ahead. although there are people who think that it is a small thing, but the change also starts in small things.

Gosh, even Venezuela now will have Bitcoin ATM.  They need it for sure. Last month, LocalBitcoins cryptocurrency exchange reached the highest volume of trade in the country in its history, and the inflation of the national currency reached crazy numbers - 10,000,000%. The rate of hyperinflation in Venezuela his really insane - no one country has such a catastrophy in the economics. Bitcoin can save people.
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Board Economics
Re: Can Libra Disrupt The Financial/Economic System?
by
muhhentuhhen
on 17/09/2019, 17:16:43 UTC
Libra is effectively official toast, people.
France and Germany won't permit it to exist.
https://www.reuters.com/article/us-facebook-cryptocurrency-france-german/france-and-germany-agree-to-block-facebooks-libra-idUSKCN1VY1XU
If they won't then you can bet your bippy everyone else will follow suit, witness the relentless bile every single US politician gave it during the recent hearings. Their official and final position will probably involve nukes and mailing turds.
Going forward it's full crypto or full government. No middle ground will ever be allowed to exist.

However, it will appear and it is not a threat. The head of the Libra Association said that this cryptocurrency project does not threaten the financial stability of various countries. Libra reserve will consist of US dollars, euros, yen, pounds and Singapore dollar. If a something dramatical with one of these currencies occurs they will be removed from Libra basket. They will not deal with Chinese currency.
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Board Bitcoin Discussion
Re: What Makes Bitcoin Valuable?
by
muhhentuhhen
on 17/09/2019, 17:12:27 UTC
I think that makes the price of bitcoin has a very expensive value because bitcoin has a very high demand and is influenced by the existence of a limited total supply so that the price of bitcoin can be very expensive like this.

It is expensive also for one more reason. There aren’t enough Bitcoins for everyone and it comes from the fact that only 21 million bitcoins will exist in total and not a coin more. Now about 7.7 billion people live on the planet, and if you give each of them one BTC, then they will be enough only for zero 0.27% of the world's population. Many guys have already accumulated much more than 1 BTC, on some wallets coins are kept in thousands.
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Board Bitcoin Discussion
Re: Simple and undeniable proof that Bitcoin is a scam
by
muhhentuhhen
on 16/09/2019, 17:50:29 UTC
I don't think that it's scam  Behind BTC is very strong technology called blockchain.In my opinion bitcoin is proven legit.

Bitcoin is often called a scam or a pyramid by those who did not buy it, for example, for $ 100, and now, watching the current rate, bite their elbows and console themselves with the fact that "all this will collapse soon." Another category of people who consider Bitcoin a scam is those who have a bitter experience in dealing with cryptocurrency fraud. Some guys, due to their lack of education, do not even try to understand what trading is.
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Board Bitcoin Discussion
Re: What's going on with BTC?
by
muhhentuhhen
on 16/09/2019, 17:46:34 UTC
Many factors and I will state some reasons why Bitcoin is going upward.
  • Bakkt Futures
  • Global Recession (not sure)
  • Market Manipulation
  • Bitcoin Halving
These are just some of the reason and I know that there are many more reasons. This will help Bitcoin rise in the long run.

Besides, the indicators of the use of the Bitcoin network, which actually reached the maximum level in the history of the first cryptocurrency, point out that the scope of adoption continues to grow. Bitcoin has its own users, and although most of them are investors and traders but this is also an example of real use. BTC will be going up further, and the growth will start close to the crypto halving.
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Board Trading Discussion
Re: Bad time to get into daytrading?
by
muhhentuhhen
on 14/09/2019, 17:53:53 UTC
i do day trading but i admit i suck at it Cheesy Cheesy Cheesy , dont do it specially when you hate using SL
i hate it but am still a pro trader wanna be. I hope ill be motivated and be eager as in crazy eager to learn reading charts.

You sound so emotional - too much even. It means you cannot deal with trading especially with the day trading (here you are right to stay away from this business). Nevertheless, it can bring profits and good ones. Choosing this variant, the person should deal with cheaper coins, for example, from the second and third dozen of the CoinMarketCap rating, since they have more volatility.
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Board Economics
Re: 🔵 Facebook Agrees to Pay $5 BILLION, BUT will they ever stop??
by
muhhentuhhen
on 14/09/2019, 17:47:14 UTC
No, I think they won't stop paying that fine. because they still have a great idea and have a lot of great partners in the liquidity service sector.
Why are they stopping when their businesses can make hundreds of billions of dollars in years to come?

Governments are stopping them because they can monopolised everything. After all Facebook is already huge and they can still grow bigger in the future if they released Libra coin. That's why at this point, US is targeting them because who would stop Facebook? So they are stepping up or at least tell Facebook that they are not in control here. If they are willing to pay that's fine but at least they know that the government is not closing their eyes on them.

France has already taken a very strict position. Their finance minister said that the country has got plans to block Libra EU because it han be a threat for their monetary sovereignty. Probably, it will not stop people from using Libra in case it is released, but as we see, Facebook will have to fight with many serious rivals to make its plans come true and not to start a scandal.
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Board Altcoin Discussion
Re: What's with crypto prices.
by
muhhentuhhen
on 14/09/2019, 17:42:55 UTC
I think you make a confusion between crypto and blockchain. I would rather say that blockchain is the future,  not crypto in general, because blockchain as technology is just great and many institutions already implemented it.

However,  they can use blockchain without crypto as it happens today.

It is possible, and blockchain appeared before the first crypto, but there is no need now to use blockchain without cryptocurrency as it is too complicated. The role of cryptocurrency in this scheme comes down to the question of who decides which blocks will be added to the blockchain. Bitcoin is decentralized, and no one has the power to make this decision alone. It remains safe and the most secure choice.
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Board Trading Discussion
Re: Do whales got burnt in the market.
by
muhhentuhhen
on 11/09/2019, 05:58:35 UTC
Market variability is always happen makes us think that the market isn't controlled by anyone else.
Whales might could give influence to the market price but not in a way that they can control the entire market. Remember that whales are just market players, only the have huge investment which can affect the market trend once they move it. 

Bitcoin whales are able to have a huge impact on the BTC market, but as practice shows, their influence extends to the altcoin market. Today, watching whales has become much more difficult due to the increase in the number of over-the-counter brokers who process great volumes of crypto transactions. Thus, large cryptocurrency owners can still influence the value of your portfolio, while maintaining anonymity.
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Board Altcoin Discussion
Re: BAT Token integrated into blogging platform
by
muhhentuhhen
on 11/09/2019, 05:54:16 UTC
I think that every third thread is related to BAT token, they are really doing a nice job and I hope rewards are going to worth it. But as far as I know even by showing in every advertising, you cannot really earn a good amount of BAT tokens.

BAT attracts many people as you can earn it simply looking through ads on YouTube and some other sites through the Brave browser. It seems to be a very curious proposition. So far, developers do not have a specific system for evaluating the cost of advertising, but they promise to complete it. According to them, the cost of advertising will be estimated depending on the duration of the video and the number of pixels in comparison with the content of the site.
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Board Trading Discussion
Re: This will help to improve your trading
by
muhhentuhhen
on 11/09/2019, 05:49:33 UTC
I m agree with you. .we need to check what happens in the market and don't make a rush decision especially if there are faster movements from the order before buying smth.

Remember about market volatility all the time - this is the best tip, but all forget about it. The cryptocurrency market is extremely unstable and there is always the possibility of losing all your investments. Therefore, trade only with the amount of money that you are willing to lose. This is a general rule and should always be followed. Also, never try to recover your losses by investing even larger amounts.
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Board Economics
Re: Global economic and trade crisis
by
muhhentuhhen
on 10/09/2019, 20:22:43 UTC
I think the best option be will be keeping some money in cryptocurrencies because this way globally the countries would be able to support each other since every single investment counts .. this way we will be able to go though global crisis easily.. even if the country's economy goes down you could still count on the bitcoins and all..
This way we could count on someone other than the governments..


The crisis will come (I mean worse than now). However, the crisis can be delayed if governments find where to get more money to cover the debt burden due to it. Cryptocurrencies can become such a tool. Look at FB, which launches the Libra cryptocurrency with the goal of making even more money from people and all these threats from regulators are nothing more than a statement for the general public.

In fact, people will give their cash to Facebook, and they will use these funds to buy short-term bonds of the US government debt and thereby support their economy.
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Board Economics
Re: Cryptocurrency users statistics
by
muhhentuhhen
on 10/09/2019, 20:19:41 UTC
This statistic is unchanged for years, most traders comes from US, then Russia and China. Some statistics I have seen had Europe, India, Australia, and South America on their list.
How many people are involved with crypto? 5% of the world population? Maybe little less or little more than that? This only shows how small we are now, but we worth a lot already. What will happen when we reach 20% or much more?

Officially, statistics showed that in 2018 there were 35 million people, who use cryptocurrencies. I am more than sure that now, this number is doubled. Most of them come from the USA, and what is really curious, from China and Russia, where crypto users meet difficulties.

Men are almost three times more likely to own cryptocurrencies than women. The survey also showed that millennials (people born after 1981) show a high interest in cryptocurrencies.
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Board Altcoin Discussion
Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years
by
muhhentuhhen
on 10/09/2019, 20:16:33 UTC
if we talk about the next 5 years. I don't think it's 99%, but all crypto including bitcoin. the reason is when bitcoin has reached the total supply, people will think crypto is no longer profitable.

It will be wrong to believe the words of each guy, even if he is a respected and famous person. As we remember, 99% of these prognoses fail, and it is not a fact that almost all altcoins will be forgotten in 5 years or even earlier. There are tokens, which will be working as great as Bitcoin, and maybe, be even more popular with users. I mean Ethereum here, and even NEO, which is going to be upgraded.
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Board Trading Discussion
Re: What do you think altcoins will be used for in the future.
by
muhhentuhhen
on 09/09/2019, 15:02:38 UTC
I suppose altcoins will be used in payments. Also i think  it can be used like cash, now it can be volatile.

Altcoins are a kind of bridge between people and bitcoin. That is the more cryptocurrencies, the wider the use of blockchain and smart contracts, the more people will learn about Bitcoin and how to work with it. Decentralized technologies are the future and many processes can be transferred to them. Even the treatment of diseases will become better and more accessible if the experience of all the doctors of the world is stored in an open independent network and everyone can use it. Alts will be used widely (not all, for sure).
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Board Trading Discussion
Re: Avoid trading unless you are sure of what you do
by
muhhentuhhen
on 09/09/2019, 14:58:06 UTC
Yes, I was caught by the volatility of the market.
I was greedy and invested blindly. and certainly it was my huge failure in the first trading, I lost more than 30% of my total assets.
It is very dangerous when you trade without knowledge, practice a lot before betting big!
This is the reason why I always say that being greedy in crypto is not good. Trading is full of benefits but only for those who understand the term of volatility. Green market is sold worthy and red is bought worthy but getting impatient to become successful is worst thing ever. Be confident to earn but don’t be greedy to earn faster or earlier than the fixed time.

Statistically, only 3-8% of traders reach success. It happens as they make many mistakes, better say, they do pay attention to very important moments. The first step of the trader is to study the market, analyze the rate of a particular cryptocurrency. The key point of the transaction is the purchase of an asset. Some traders take risks to use bots, and they succeed, as they get less stress with it.
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Board Economics
Re: What's it like to live on crypto instead of Banks?
by
muhhentuhhen
on 09/09/2019, 14:55:38 UTC
So far, no means of payment is perfect. Therefore, I would like to use both the old means of payment and new ones. In my opinion, this will be optimal. In some cases, using cryptocurrency as a means of payment will be very difficult or even impossible. Therefore, do not immediately abandon the old means of payment, such as cash. Yes, and this is hardly possible.

I believe that both ways to deal with money will be used in the future. However, I am sure also that many banks will take a decision to deal with stable coins: it will be convenient for investors also. Digital money can become the equivalent of fiat if it turns out to be liquid and also very easy to be used. To do this, their technical side must be perfect - it should be easy for users, first of all.
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Board Altcoin Discussion
Re: Are you staking or mining, or both?
by
muhhentuhhen
on 08/09/2019, 17:13:40 UTC
I paused mining because of rising electricity costs and poor prices on exchanges. I would have considered staking but I am afraid of the ROI at the end especially now that price of coins are dipping badly. Trading is the best

Now there is a strict extrusion from the mining of all those who did not bother in time with such issues as updating equipment, finding cheap electricity and creating a financial airbag. Private miners are being destroyed, just as the market deals with hamster investors who give in to panic sales in attempts to return at least part of the money invested. This business will not bring much for the usual miner.
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Board Altcoin Discussion
Re: Is whitepaper important in the project?
by
muhhentuhhen
on 08/09/2019, 17:09:18 UTC
Is it important to research the whitepaper in the project? then is there a right way to find out if their whitepapper is real, not fake? What do you think?

For sure, it is. White Paper is the most important document that investors can rely on when deciding in favor of a project. However, you should always remember, even a perfectly written White Paper is not a 100% guarantee of the reliability of a project and its success, but a poorly written White Paper will clearly indicate the launch of a product that is really doomed to failure.
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Board Altcoin Discussion
Re: Investing in multiple altcoins
by
muhhentuhhen
on 08/09/2019, 17:03:47 UTC
With a $ 377 fund, I better use that fund to invest in the XRP TRX and BNB coins because many experts have instructed them.

If the sum is not large, and the guy is the newbie, he can really try various altcoins at the beginning of his way. However, I would limit myself with at least 7-8 cryptocurrencies. I guess, two "must choose" cryptos are Ethereum and Bitcoin. The rest tokens that are worth our attention (as I consider, sure) are:
- Binance coin;
- BitTorrent;
- Cosmos;
- Ravencoin;
- Ontology;
- OMG.