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Showing 20 of 319 results by ngalamunan
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Board Economics
Re: Investing in Bitcoin? Advantages and Disadvantages
by
ngalamunan
on 17/10/2018, 13:36:07 UTC
As you all know, investing in Btc can be risky, but a lot of people invest. One simple thing is that it can bring big income for us. But not everyone has. Being rich by Btc, you do not have the knowledge you will fail. Believe in your ability but do not blindly.

Yes there will always be a risk in investing in bitcoin and we cannot avoid it to not happen, the best thing to do is to keep searching and learning new strategies in making new investments.
I think in business there is a word of loss and profit. a good advantage in bitcoin is to get a lot of money if the investment is successful from making us rich suddenly. the disadvantage is that if we have invested for a long time and have not produced anything that is a loss, loss of time and effort.
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Board Economics
Re: current situation of cryptocurrency for 2018
by
ngalamunan
on 17/10/2018, 13:32:35 UTC
Cryptocurrency for 2018 is not really good. The market price for bitcoin and other crypto in the market are free falling and does not play a major market price increase since the highest peak market price for bitcoin hit on last december 2017. Thus, I am looking for some reason on this why this happen to cryptocurrency market and the real situation for cryptocurrency.



Basing on the graph it seems that market price for bitcoin stabilizes and eventually fall. The investors were withdrawing their investments on bitcoin for a certain reason and that is the cryptocurrency regulations. The blog from advisor.lk which has been posted by their staff writer stated that the current state of the cryptocurrency is not so good for the current owners as the currencies free falling since January 2018. , The blog stating the multiple reason for this and thus reasons for the decreasing trend and the major factor considered to be the government regulations on the cryptocurrencies, due to the various regulations imposed by the Chinese, Japanese and Korean and other governments resulted in major steep fall of cryptocurrencies.

The blog were talking about also with the two reasons for the government regulations, one is cryptocurrencies lack intrinsic value and governments view private currencies as a threat to their sovereignty.

Probably we could not expect bull run for crypto in the year 2018. We should not hope and expect for it to happen.

Reference: http://blog.advisor.lk/wp/2018/04/12/crypto-currencies-what-is-the-current-situation/

You can see it as not good because it has fallen roughly from its all time high, but if you think creatively, the price of Bitcoin is still greater than the past price of it for the last 3 years.

Its sort of glass half empty v's glass half full. I think the value of bitcoin
is quite healthy. The way i look at it is when I entered the crypto scene
the price of bitcoin was around $1000. So thats the perspective on the
current status of Bitcoin in 2018 i have.
the current crypto situation is not very good. Market prices dropped dramatically, leaving many people leaving Crypto. this situation is very difficult to invest to get a lot of profits.
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Board Economics
Re: Is this the correct time to purchase bitcoins and al-crypto?
by
ngalamunan
on 17/10/2018, 13:29:28 UTC
The amount of bitcoin is limited only around 21 million, estimates that if bitcoin has been mined, the price of bitcoin will increase. Guessing I have several factors the price of bitcoin will rise compared to today, digital currency will be widely used in the next few years, whether as a payment system or a place to gain money. And most people have known and even many people have gotten wealth from bitcoin so they will not hesitate to choose bitcoin to get money again.
Mostly people wait for bitcoin to decrease my self wait for the decreasing price and then invest. Take my suggest you should look for bitcoin not for alt coins. Invest now and hold your coins.
today bitcoin price already decrease alot from highes price ever, $6500 personally cheap enough for now on.if it down it could not down alot.maybe around $6250.but when it rise , we will see highest price coming in near future.
yes I think this is the right time to buy bitcoin and crypto. kareba is a low market price and can benefit from investing long term or when market prices rise dramatically.
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Board Economics
Re: My Advice on Investing in Crypto
by
ngalamunan
on 15/10/2018, 15:05:45 UTC
Before investing, make a thorough investigation in the coin you are investing in and do observe the coin's statistics for atleast one year. Also, try investing in the top 10 coins as they are the least risky coins and are no longer considered under a financial bubble which can burst.
You can consider Ethereum, Bitcoin, Litecoin for your portfolio as these coins are well accepted in the financial market and have great prospects for the future.
in my opinion, before we invest in crypto we must know what crypto is and how it works. before we know what crypto is, don't invest once. if you don't know what crypto is.
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Board Economics
Re: Factors that affects the value of bitcoin...
by
ngalamunan
on 15/10/2018, 15:02:15 UTC
one about the variables that can influence the bitcoin cost is awful news or FUD's that would holders be able to offer their bitcoin in light of the fact that they surmise that the cost of bitcoin will drop and the other factor is there are some gathering of a pump and dump that can control the estimation of bitcoin and the other thing is there are numerous con artists out there that utilization bitcoin as their introduction that is the reason individuals didn't trust bitcoin as a result of this reason.
factors that influence the value of bitcoin are the volume and distribution of Bitcoin, Trader's speculation, fraud mode involving Bitcoin, that is a factor that always influences the value of bitcoin.
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Board Economics
Re: What is The actual senses about bitcoin for common people ?
by
ngalamunan
on 15/10/2018, 14:57:52 UTC
I have been working with the cryptocurrency market for a year. At the beginning of my work, most people were skeptical about my work and only laughed, but seeing the improvement of my financial situation, they begin to think about their erroneous judgments and begin to be actively interested in cryptocurrencies.
This is very common, most people are conditioned to follow and do whatever the other people that they know are doing, as soon as a person shows any kind of original thought and tries to do something else that person is subject of ridicule, but as soon as those people begin to see positive results they begin to question their own beliefs, and cryptocurrencies are going to do that a lot in the next years and decades.
in my opinion, there are still many people who always think that bitcoin is unclean and there are still many people who say bitcoin is an online gamble. but actually all those people misinterpreted it.
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Topic
Board Bitcoin Discussion
Re: May Bitcoin be considered money according to Islam?
by
ngalamunan
on 13/10/2018, 09:43:55 UTC
It is also possible, because the vast majority of Muslims do not interfere with the matter and I think the bitcoin currency is regarded as a money, because money is also home to a digital currency. and there are also Islamic who really believe in a digital currency as a bitcoin proving that the Islamic country can also take along with a bitcoin. and most of the people in Islam are here proving that they believe in bitcoin crypto.
Bitcoin is the same as money because it is a medium of exchange accepted by the general public, value standards and saving tools. but let alone in Indonesia, even the presence of Bitcoin is still sparking debate. Starting from politicians, the banking community, businessmen to top leaders of world-renowned technology companies, commenting on Bitcoin. everyone has a different opinion.
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Topic
Board Bitcoin Discussion
Re: Good news from Brazil
by
ngalamunan
on 13/10/2018, 09:41:14 UTC
What's the news in Brazil, whether the price is 1eth high or the price of 1btc or bitcoin has been allowed to enter Brazil, maybe I won't know about it.
the good news from brazil is Bitcoin Gold (BTG) is a free, open-source cryptocurrency project developed by bitcoin volunteer fans. Bitcoin Gold is a fork proposed to the Bitcoin network to create a new blockchain. The new blockchain is not compatible with the existing version of Bitcoin.
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Topic
Board Bitcoin Discussion
Re: Bitcoin Security
by
ngalamunan
on 13/10/2018, 09:37:35 UTC
Hi All

What do you use for your bitcoin security, I have been looking into usb style password protectors, but don't know enough about them as to the trust that I should place in them.

Has anyone bought them and would you recommend them?

Many thanks

Airdrop291
I think that bitcoin have a high security. Bitcoin can be store in different wallet like here in my country we have coins.ph that you can store Fiat, bitcoin and ETH.
Bitcoin can also be store in offline wallet and you can secure your password and other stuff need to be secured.
in my opinion, bitcoin is indeed safe in terms of passwords that only we know and the wallet security system that is definitely protected and can use hardware becomes safer.
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Board Archival
Re: The Founder of Bitcoin
by
ngalamunan
on 12/10/2018, 16:22:37 UTC
I agree that it is quite risky. States do not accept this currency not because the identity of the bitcoin Creator is hidden, but because they do not trust the technology. So I see no reason for the creator to reveal his secret.

I think, Bitcoin is an electronic money made in 2009 by Satoshi Nakamoto. The name is also associated with open source software that he designed, and also uses peer-to-peer networks without centralized storage or a single administrator where the US Treasury calls bitcoin a decentralized currency.
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Board Off-topic
Re: What Makes Bitcoin So Special?
by
ngalamunan
on 12/10/2018, 16:19:08 UTC
Bitcoin is special because it has so many features.It is an independent currency which throws a light on it's decentralized nature.It provides it's users a chance to have gainful investments.Bitcoin transactions are cheap and fast.These features and many others make Bitcoin a special currency.
I think, bitcoin has very high selling points and now bitcoin is very much sought after. this makes bitcoin very special in my eyes. bitcoin values can rise and fall so we must be observant in starting investment.
I think, because the selling price of bitcoin is relatively expensive and attractive to a low economy to rise to a very high economy. besides that, bitcoin can also be considered as gold. that can be invested if we need money.
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Board Bitcoin Discussion
Re: 5 Ways to Avoid Bitcoin Scams
by
ngalamunan
on 12/10/2018, 16:13:23 UTC
Currently, several online services have been created to detect fraudulent websites and services. Badbitcoin.org is an example. This is considered a trusted site, which provides a full list of fraudulent or verified frauds. Another service on @thatsascam on Twitter is also quite useful. This is a bot that detects spam. These bots check those virtual tracker accounts based on the retweets rate. Take advantage of such tools to minimize the risk of fraud.

I think the way to avoid hackers is to Know What You Are Facing, Avoid Unrealistic Offerings, Beware of Phishing Web Pages, Beware of Fake Digital Wallets, Beware of Bitcoin Steal Malware, Be Careful of Ads from Google, Separate Daily E-Wallet Computers from Computers.
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Topic
Board Bitcoin Discussion
Re: How does Bitcoin affect other Crypto?
by
ngalamunan
on 11/10/2018, 15:39:36 UTC
It doesn't effect any other coin bcoz Bitcoin is at the top from so many years and it can't be beaten
The difference in there values gives the answer...
in my opinion, bitcoin affects other coins is the price of bitcoin that always goes down which affects other coin coins.
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Topic
Board Economics
Re: Who controls the market?
by
ngalamunan
on 11/10/2018, 15:35:06 UTC
Remember, this whole thing about crypto is largely decentralized, thus, there is no single authoritative body in control of the crypto market. Although there are few centralized platforms among crypto, the market is largely influenced by the efforts and influence of the users of crypto. How well sellers and buyers treat the coins on the market affect the performance of the market.


The price and the actions are two different things. No one controls the circulation or transaction or actions etc... because it is decentralized but exchanges control the price of the cryptocurrencies. I mean sometimes they trade with big money to speculate or sometimes big player buy or sell their tokens or coins via exchanges. That's why Vitalik said " I definitely hope centralized exchanges go burn in hell"
in my opinion, there are a number of players with more or less events (for example, miners, holders, exchanges, even developers), but one of them may have more power than others in terms of improvements to the Bitcoin protocol technology that will be carried out. Which causes expensive or not the price of Bitcoin.
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Topic
Board Economics
Re: Bitcoin eventually disappear...
by
ngalamunan
on 11/10/2018, 15:32:47 UTC
I think this is the wrong view. Market ups and downs are very normal. Bitcoin will land when it takes off, so there is no big prize, but it won't disappear.
in my opinion this is a wrong view of bitcoin. bitcoin won't end at any time. if bitcoin will be lost maybe other coins will be affected in investing.
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Topic
Board Economics
Re: Is this the correct time to purchase bitcoins and al-crypto?
by
ngalamunan
on 10/10/2018, 02:22:07 UTC
The one big problem of always waiting for the 'perfect time' to purchase your Bitcoin is that you miss that perfect time at the process of waiting. I know we all prefer to buy when the price is totally lower than it present price but what if this price is how low the price can get. This is one major mistake those who purchased at the price of 20k did. Simple, if you have the money; purchase now, if not, purchase the few you can.
I agree. We lost chances when we still wait for the right time but the truth is the right time is all the time as the price is down and you can gain profit from it. Do not waste too much time because you can regret for always doubting the price.



For me it's good to purchase or invest in a wise strategy because if you not have a wise idea or strategy there's a possibility that your money will loss so if you monator the price and you see the price will fallen that time is good to buy and we know the price of bitcoin will goes up again and that time we can get a great profit.
in my opinion this is the right time to buy bitcoin. and we must have a lot of capital if we buy bitcoin. You need to be patient to take an opinion, don't be too hasty.
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Board Bitcoin Discussion
Re: Why shouldn’t we be concerned?
by
ngalamunan
on 10/10/2018, 02:18:32 UTC
Personally, i think that believe in your investment is what you need whenever investing. That's the reason why I'm still so confident in bitcoin
I agree with you, no matter what you have to stick to it , thats what gives the best results
yes indeed we don't need to worry because the market price will rise by itself. so we must always be patient with the current situation. and don't rush to invest.
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Topic
Board Bitcoin Discussion
Re: Why Bitcoin will be the safest investment
by
ngalamunan
on 10/10/2018, 02:05:49 UTC
I think AML BitCoin will be the safest system. AML BitCoin rests on a privately regulated public blockchain that facilitates AML-KYC compliance and identifies criminals associated with illicit transactions while maintaining and strengthening the privacy protections for legitimate users.

Agree, makes bitcoin safe investment because of regulatory, specially here in Philippines which government announced that they are not against in bitcoin or the whole cypto currency that is why now many establishment are now adopting bitcoin as part of their business which many people are now aware in crypto and they are not hesitating to used and invest with this currency.
in my opinion, yes, bitcoin has safer security than others. because bitcoin has privacy that only we know. and we save we save the investment results in a wallet that is very safe.
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Topic
Board Bitcoin Discussion
Re: Meet the Wealthiest People in Crypto
by
ngalamunan
on 09/10/2018, 16:45:43 UTC
Wonderful people in that list. Life is how you make it. I feel glad whenever I see these successful people. They are the real definition of inspiration, I will get there one day.
US business magazine Forbes launched a list of the richest people who were able to reap wealth thanks to their investments in the world of digital money (cryptocurrency). This is the first time Forbes has issued a list like this since it was founded in 1917. The valuation of wealth is based on the income that can be earned after trading in assets and shares in a business related to digital currency. The wealth listed by Forbes is an estimated value using digital money prices on January 19, 2018.
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Topic
Board Bitcoin Discussion
Re: Bitcoin 1 year change
by
ngalamunan
on 09/10/2018, 16:43:46 UTC
90% of those who are talking about "death of bitcoin" are the same people who are trying so hard to buy bitcoin when it drops a small 5% so that they can accumulate a tiny bit more.

the rest (10%) are the newbies who fall for the 90% FUD and are scared of the situation.

Yeah right mate.because bitcoin is so much expensive that many can’t afford fo buy so what they do is spreading false news and Fud so when the value drops for sure they can purchase many and may keep for long term purpose.and i hate to say this but the effect is insulting because even that we know about his yet fools become a victim until now
yes it is true because one day the price of bitcoin will become very even and is well invested in the long term which usually mostly benefits a lot. and won't regret if you invest long term.