I have been opportuned to be in the cryptocurrency ecosystem for at least 2 years and I have seen many exchanges and what they offer, but VaultMex is a super crypto exchange because it is customer focused and takes security very seriously, I feel very happy and confident that trading on this platform would be smooth and secure. I would always support VaultMex.
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BoardEconomics
Re: Gold & Silver are safe than bank deposits ??
by
peter_coin
on 07/10/2018, 16:32:42 UTC
Gold and silver are store of values same way fiat is a store of value, but the pros of storing value in Gold and silver is stability the value of Gold and silver is much more stable than fiat so it may be better to store value in Gold or silver (PS: this is not a financial advice it's just my opinion).
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BoardEconomics
Re: Cryptocurrency or Stock Market?
by
peter_coin
on 03/10/2018, 23:30:25 UTC
The stock market mainly deals with buying and selling of stocks and that includes having an in-depth knowledge of how the stock market works as this would give an advantage over other traders, this is also applicable in the cryptocurrency market which deals with sale of lots of coins and tokens and to be successful an in-depth knowledge of how the cryptocurrency ecosystem functions is very important. For now I think the cryptocurrency market has much more potential.
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BoardEconomics
Re: Why I am quitting ICO's
by
peter_coin
on 03/10/2018, 19:07:14 UTC
Initial coin offerings as we all know is a way for teams to raise capital to fund their project while harnessing the Ethereum block chain via smart contracts. ICO's are the main reason why the Ethereum block chain has recorded massive success in recent times and they are not going anywhere in the nearest possible future. Teams would always come up with new innovative ideas and people would always invest in novel ideas. The only thing people should pay much more attention on is to research the project and make sure it's legit before investing. Infact a project with a working platform is a must invest.
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BoardEconomics
Re: With Hackers everywhere, How safe is Cryptocurrency?
by
peter_coin
on 27/09/2018, 18:25:13 UTC
Cryptocurrency is as safe as how the exchange that trades it takes security serious. Many exchanges have been hacked in the past and this is because of lapses on the part of exchange development team. When it comes to virtual currency or cryptocurrency it is best to take security very seriously as any slip up can result in major loses. But I don't think because a few exchanges have been hacked in the past it means that cryptocurrency isn't safe, it is.
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BoardEconomics
Re: Next SEC meeting
by
peter_coin
on 25/09/2018, 15:26:47 UTC
To tell u the truth I truly don't want to know much about the ETF applications or SEc meeting, we all know that after their series of declining the approval of BTC it is still trading and doing fine. BTC has to stay and not even ETF and SEC can stop it.
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BoardEconomics
Re: Bitcoin bull run begins now?
by
peter_coin
on 20/09/2018, 14:40:15 UTC
The truth of the matter is that Bitcoin and cryptocurrency are here to stay and Bull run or no bull run it would help funds transfer worldwide, I don't know why people keep on speculating about the next Bull run. That said BTC is gonna be around for many many years to come and as such we would experience certain period of Bull run and Bear market, plus I don't think the ETF stuff would do much to affect the price of BTC.
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BoardEconomics
Re: How the Bank works to make money?
by
peter_coin
on 19/09/2018, 23:44:07 UTC
Banks are used as stores to keep and protect money, and they use this money which they know we gaurd jealousy to trade and make profit while at it. So when individuals deposit money they use some part of the deposits to trade and make profit while keep ur money intact.
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BoardEconomics
Re: Why spend time in bitcoins?
by
peter_coin
on 19/09/2018, 23:35:09 UTC
There are two major reasons why we would spend time in Bitcoins (1) Because Bitcoin makes finds transfer fast,secure and easy (2) Because people need to understand the cryptocurrency ecosystem inorder to trade properly. So it's best we all spend time in Bitcoins to get a good knowledge of it so as to educate others as well as trade better.
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BoardEconomics
Re: Know Your Customer
by
peter_coin
on 13/09/2018, 21:48:41 UTC
In as much as man is very knowledgeable we lack regualation and the ability to conduct ourselves properly without messing things up badly. The know your customer approach is a way to help check the very many excesses that can occur in cryptocurrency as such it is a welcomed development.
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BoardEconomics
Re: When will smartphones used for bitcoin mining?
by
peter_coin
on 13/09/2018, 07:29:24 UTC
In my own opinion i feel that smartphones are already being used for bitcoin mining, there's a website which I go to download movies , and when I visit with my phone they say my extra computing power is being used for crypto mining while i surf the website.
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BoardEconomics
Re: Cryptocurrency Market Could Hit $1 Trillion This Year
by
peter_coin
on 12/09/2018, 08:33:50 UTC
This assumption would have looked promising around January this year but as it stands now the crypto market is in a very bad downtrend and most people are selling instead of buying so it would be very hard to hit a $1 trillion.
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BoardEconomics
Re: What will happen to bitcoin?
by
peter_coin
on 07/09/2018, 13:22:37 UTC
Bitcoin and cryptocurrency is a revolutionary technology that has come to stay and would help the financial sector and transfer of funds, so what would happen to BTC is that it would gain more traction get more adoption and become universally used for transfer of funds worldwide, so don't be bothered about current prices as these are just for sometime and won't last at all.
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BoardEconomics
Re: Why the price of bitcoin rapidly going down
by
peter_coin
on 05/09/2018, 15:59:30 UTC
Bitcoin prices are going down because I think that the ETF news about BTC being rejected is affecting how new and existing investors feel about investing in the cryptocurrency, but I believe that in the nearest future the situation would get better and prices would go up.
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BoardEconomics
Re: Friends reactions to crypto currencies?
by
peter_coin
on 05/09/2018, 15:46:40 UTC
Bitcoin and cryptocurrency as we all know are very new concepts and topics that are yet to be fully understood by many people, this makes it kinda difficult to properly explain the concept to them. I have told many friends about Bitcoin and cryptocurrency and honestly their reactions ,well majority of them had this confusing look on their face when they heard about it, anyways I told them to go and carryout research to fully know it's real.
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BoardEconomics
Re: LIFE GOES ON.
by
peter_coin
on 03/09/2018, 04:08:52 UTC
Looking at my portfolio everyday makes my heart skip a beat, makes me feel very sad inside, but I have to move on with life cos I know things would be better , it's amazing how fast assets can jump from green to red in seconds but ,life must go on.
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BoardAltcoin Discussion
Re: Stop SCAM in the ICO market
by
peter_coin
on 29/08/2018, 08:44:35 UTC
Like every industry and business there is bound to be scam and corrupt people looking to take advantage of others, the ICO market isn't totally filed with scam agents, but allot of projects and individuals there aren't really who they claim to be and most cannot deliver on their promises at all.
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BoardEconomics
Re: Why everyone only invest in the crypto market?
by
peter_coin
on 28/08/2018, 10:45:24 UTC
The cryptocurrency market is very lucrative now, but apart from the lucrative nature it has many use cases which are revolutionary, the cryptocurrency market has a high risk and very high reward model and can make people rich fast, that's why most people invest in the cryptocurrency market.
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BoardEconomics
Re: Which Asian countries have the greatest influence on bitcoin?
by
peter_coin
on 24/08/2018, 16:21:16 UTC
When this kind of question is asked, the answer to this must be with clear facts, so in response to this I feel the Asian country with the greatest influence on Bitcoin is China, due to two major facts (1) Population (2) Amount of projects and exchanges that are there. These two factors make China have great influence on Bitcoin since they have a lot of people who own and trade BTC regularly and many projects and exchanges have come from there.
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BoardEconomics
Re: What will happen to global economy when crypto becomes global currency?
by
peter_coin
on 23/08/2018, 13:48:54 UTC
Cryptocurrency would certainly become a part of the global economy and would aid finance and sending of funds. This would become possible in the nearest future due to the fact that cryptocurrency is gaining popularity these days. When it becomes part of the global economy it would aid transactions and funds transfer, they would become very fast and easy leading to a better global economy.