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Showing 20 of 75 results by renc77
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Board Bitcoin Discussion
Re: Is Bitcoin a Digital Gold??
by
renc77
on 21/08/2018, 05:04:38 UTC
After reading a lot of posts made by people on this forum, I realized about 75% of them see Bitcoin as a digital Gold. For me, I don't think Bitcoin is a digital gold. Cryptocurrency or Bitcoin to be precise, was developed to be a safer option for transaction of goods and services and also the best mode of payment. Bitcoin was introduced to disable all the restrictions that banks and the financial system presented. A lot of people have lost huge sums of money because they saw bitcoin as a digital gold. I know others will argue that bitcoin has also made people rich but for me, I don't think it is advisable to consider Bitcoin as a digital gold. Bitcoin is a digital currency.

Indeed Bitcoin is a digital currency.

It becomes being a Gold when someone took a risky business like investing the person’s asset and raise to its maximum value. Also it considered as Gold, when someone has enough dedication of working to produce and acquire Bitcoin. It is a Gold for a country who uses Bitcoin to eliminate unemployment to contribute for the economic growth

Therefore, for me, every positive outcome of the procedures of Bitcoin will define to a word Gold and treasure Grin
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Topic
Board Economics
Re: Germany recognized the bitcoin
by
renc77
on 21/08/2018, 03:45:51 UTC
The Ministry of Finance of Germany signed the Decree on recognition of bitcoin  legal tender.  The document specifies that purchases made for cryptocoins, are not taxed!What do you think about it?




That was a good thing about the development of digital money.

We all know that Germany is one of the progessive country which are considered as rich. Furthermore, it has a huge innovated community market economy which became a factor of recognizing crytpocoins.

With that, digital currency really has a good impact in terms of developing a country that was proved by Germany. I also commend this country for this move, as they wanted to maintain their higly developed market in their country.

I believe this movement knocking the door of other country about accepting crypto coins.
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Topic
Board Bitcoin Discussion
Re: Negotiation with government
by
renc77
on 21/08/2018, 01:51:04 UTC
What if people convince governments of their nations to make Bitcoin as a legal currency or what if we agree to give tax on our bitcoin income? Will government then make Bitcoin a legal currency.

I think it would make people be controlled by any leaders. With that, many bitcoin users will complain and will not appreciate this kind of procedure.

However, I believe this regulation of the government will surely become helpful on the society. The taxes that came from bitcoin procedures will help the community about the building of the nation. Thus, the regulation of the government will eliminate cybercrimes in the internet.

Bitcoin considered as one of the representation of innovation in technology. With that, it should be part of the productive and helpful society. Smiley
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Topic
Board Bitcoin Discussion
Re: Cryptocurrency could help your business or not?
by
renc77
on 20/08/2018, 13:13:40 UTC
I was doing some research online and I stumbled on this kind of news. https://news.bitcoin.com/since-embracing-bitcoin-robinhood-app-value-jumps-to-5-6-billion/

The article said that robinhood app after embracing cryptocurrency have its value jumped to 6 billion dollars after embracing bitcoin. This is a good sign that more and more people are engaging into bitcoin. If more business will enter into the world of cryptocurrency and will bring back the original purpose of cryptocurrency as a medium of exchange rather than just and object of income and a trading item then surely we could revolutionized the world of finance and economy.

With robinhood as an example do you think there will be more business online that will boom and will not go bankrupt due to cryptocurrency?

I guess its hard to determine such facts base on one example so let us wait for the future to unveil itself.

Bitcoin procedures really can produce income and funds for an individual. Since it can generate money out of internet methods, it might become a business for a particular entrepreneur. Digital money can be an asset for any people which they can store their budgets in internet.

Bitcoin also possesses different jobs which make crypto more productive in terms of living in every society. People can also invest their money that also  become a business for them.

Bitcoin procedures really a kind of business for anyone.
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Topic
Board Bitcoin Discussion
Re: I CHOSE BITCOIN INVESTMENT OVER BANK INVESTMENT
by
renc77
on 18/08/2018, 02:18:42 UTC
I believe you’ve made a good move.

Bitcoin procedures really have the best output for the people who wanted to earn more. Bitcoin is a field of positive outcome wherein it allows the value of a person’s money to increase.

To support, the market performing by bitcoin is very volatile which it can rise its price to its maximum value. However, it also has the capable of falling at its lowest amount. It is very risky for investors but I believe they are risk-takers.

To conclude, for me it is also important for people to have bank accounts. It serves as the storage of their money without worrying about the falling market. At the same time, you consider bitcoin procedure as your way of earning money Grin
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Topic
Board Economics
Re: Reason we pay taxes and why we should
by
renc77
on 18/08/2018, 00:22:02 UTC
Tax is indeed one of the thing which the country rely on. The government is doing the right thing when establishing taxing procedure. The society should be part of the success of a country, not only their government.

Together, they build projects and systems which make benefits for them.

For me, the problem is not about the implementation of taxing procedure in a certain country. It is the corrupt leaders and elites who are toxic enough to drag down the country. I therefore conclude that we should not focus on the regulation about taxing, we need first to fix the system in the government.

Taxation is really beneficial, it depends on the government officials if it is toxic or not.
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Topic
Board Bitcoin Discussion
Re: The Future Of Crypto Market Without Bitcoin?
by
renc77
on 17/08/2018, 12:28:36 UTC
of course, we all see that all markets are red and there are some fears of getting down more and more in the following days. but on the other hand, no one can ignore that bitcoin is the leader of all the crypto market, so if it down the whole market will go down as well, so it is too hard to believe that it will die that easy
and the major investors of it will not allow this to happen.
what do you think, am I right?

I believe it would possible, obviously, be exceptionally intriguing to perceive how the cryptographic money market will carry on without bitcoin. Presumably, this will simply give the value flexibility for each kind of digital currency. Presently, all things considered, the circumstance with the impact of the cost of bitcoin on all altkoins and the market is hard to name.

What is the market, if there is no value opportunity for exchange. The bitcoin has fallen in cost and the market has been totally up for the fourth month. This is by no means typical. Something should be attempted to change to change such an anomalous circumstance.
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Topic
Board Bitcoin Discussion
Re: No women in Bitcoin you say?
by
renc77
on 16/08/2018, 04:42:13 UTC
There is no such place on the discussion where the impact of ladies have been consigned and notwithstanding when strings are made to get a vibe about the portrayal of sexual orientation in the digital world.

Reaction has dependably been an empowering one and individuals even simply expect that there are a bigger number of guys than females in light of how past accepts and not certainties at all and on the grounds that we esteem secrecy, there is no real way to figure out who is winning simply like when populace registration in my nation a few years back with the understanding that there are a larger number of females in the nation than guys however shockingly, the enumeration demonstrated that off-base.

Its great to see a lady driving the following achievement in digital currency by and large on the grounds that not exclusively will impact bitcoin emphatically, it would likewise fill in as a format for other blockchain activities to deal with. Regardless of whether male or female, it ought to be a sound rivalry and not that of contention.
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Topic
Board Speculation
Re: Has Bitcoin reached its goal?
by
renc77
on 16/08/2018, 02:59:49 UTC
I imagine that bitcoin keeps on endeavoring in the market. In the event that you mean objective to achieving the endorsement of the legislature and move toward becoming standard I think it has not reach to that point yet but rather the course is and that it will be adjusted around the world.

There is such a great amount of potential in bitcoin and with different altcoins emmerging it just implies that individuals are at steady pay special mind to a superior crypto.

However, so far bitcoin keeps on ruling the digital currency world. Based on the reaction against fiat cash and negstive publicizing financed purchase gathering of individuals who are against bitcoin I can at long last say that the objective yet to be accomplished. One day I trust that I will progress toward becoming standard and once it does then at that point it had at long last achieved it's objective.
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Topic
Board Bitcoin Discussion
Re: Newbies to Bitcoin can be dangerous!
by
renc77
on 15/08/2018, 07:04:25 UTC
There are a ton of stores and hotspots for learning yet at the same time, individuals would prefer not to take second supposition and check sources. I concede, right around series of years on this gathering and I know minimal about bitcoin's details, however at whatever point I'm offered a conversation starter about any of it, I attempt my best to check genuine sources and not delude individuals.

Now and then, psychological disharmony rules for a great many people despite the fact that it's anything but difficult to go find it on the web in the present age. Individuals lose cash, not on the grounds that they don't know anything about a specific venture, but since they are sluggish to know anything about it.
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Topic
Board Bitcoin Discussion
Re: Will bitcoin go under regulation
by
renc77
on 13/08/2018, 10:38:47 UTC
I believe it's as yet conceivable to control the utilization of Bitcoin and to manage other monetary instruments. Much the same as the dollar, Bitcoin can be utilized for different purposes, some of which might be viewed as legitimate or unlawful relying upon the laws of a nation. Identified with that, Bitcoin is the same as different gadgets or assets that must take after various standards in every nation.

Bitcoin can likewise be muddled by strict directions, making it hard to decide what number of percent of clients will continue utilizing this innovation. The legislature that restricts Bitcoin will keep its business and local market from developing, in this way moving the odds of advancement to different nations.

The test for policymakers, as it generally does, is to create effective arrangements without ruining the development of recently rising organizations and markets.
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Board Bitcoin Discussion
Re: Can actually Bitcoin be good for the environment?
by
renc77
on 13/08/2018, 09:20:12 UTC
I don't figure it would be that useful for the earth for the power utilization you specify, and that is just when discussing BTC which not every person will have the capacity to get their hands on. On the off chance that we discuss whatever remains of mined cryptographic forms of money then the harm is considerably bigger.

Moreover, what you allude to as futile work is what number of individuals pay their bills and bolster their families.

What might these individuals do at that point? In the event that we are discussing the lower positions then they might not have the assets to teach themselves about crypto, so who might bolster them, the state?
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Topic
Board Economics
Re: Will the bitcoin be outdated by another currency?
by
renc77
on 13/08/2018, 07:36:20 UTC
My answer to the principle is: NO

Bitcoin is money, the value of money is built on confidence, tradition and security, attributes that Bitcoin offers easily. The analogy between Bitcoin and social networks is completely incorrect, people think that Bitcoin is an myspace that will be replaced by facebook. It turns out that Bitcoin is money and not a social network, so this comparison is completely wrong.

Most of mankind's wealth resides in vaults for hundreds of years, so the circulating medium is derisory close to it. Why are we going to need fast, no-fee coins if we can use paper money and banks? Bitcoin's purpose is to be a safe asset, scarce and superior to gold. What is behind Bitcoin is the fact that no politician can steal you through taxes or inflation, there is nothing safer than Blockchain and Bitcoin. So far no technologically superior currency has emerged to Bitcoin to the point of provoking an abyss between technologies and will hardly emerge.

BUY BITCOIN TODAY AND ALWAYS.

Indeed, since despite the fact that the recognized bitcoin instability rate has an incredible hazard, bitcoin is as yet a promising speculation goal that is 'hot' and speaking to financial specialists.

It is expected that there will be an expansive redirection of assets from monetary organizations, for example, banks or securities firms and capital markets to interests in virtual cash. The suggestions are clear, the stagnation and even the decrease of the nation's monetary development.
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Topic
Board Economics
Re: Tax on the crypto currency! What do you think?
by
renc77
on 10/08/2018, 23:54:00 UTC
I think taxes help individuals about the improvement and development of a particular place or institution. It makes the society more capable of innovation with the help of the government.

However, crypto currency can stand and will develop without the help of any leaders or elite like the government. It is an independent digital currency where people can use to avoid taxes and other criminalities. I think the government are trying to control crypto for their objectives.
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Topic
Board Economics
Re: Bitcoin and Globalization
by
renc77
on 10/08/2018, 05:24:16 UTC
Globalization was told for a very long time. Probably, this will be a new stage in the development of our civilization. This is a new form of human interaction. Perhaps the whole world will be without defenders and borders, without taxes and barriers. Bitcoin will take in such a world a worthy place of the world currency. Developing new technologies will help create a more developed society where there are not very magazine and very poor. Regulation will occupy cars, they are not expensive for the corrupt. We need a new world, it is perhaps a new and unified religion, which will affect all of humanity ... no longer warms, humanity can be really civilized. What do you think all about it? Maybe Bitcoin is part of the globalization plan?

A globalized world is a world without identity constituted by a ton of default individuals. The nearby societies would amount to nothing, they wouldn't exist any longer, no fringes, no domains. Bitcoin doesn't really need to lead mankind through along these lines.

All things considered, so much discussion about a globalized free world for everybody is a lie, on the grounds that from this false free society another dictator would rise and control every other person utilizing the power. That is the thing that happens where there aren't laws or where the laws amount to nothing. In a circumstance like that, Bitcoin is only a detail
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Board Economics
Re: Choosing the one | What I think! - Real Job or Full Time Crypto!
by
renc77
on 09/08/2018, 23:45:35 UTC
As I would like to think, I think it relies upon the hazard profile and money related position of the individual. In the event that there is any duty of adding to his family or elsewhere then he ought to have at any rate stable salary source.

 Full-time crypto is unsafe if the individual has a place with the previously mentioned classification. Then again, if there are no such obligations then he can simply attempt is fortunes in full-time crypto.

In light of the fact that even in the most pessimistic scenario he won't need to stress over his normal way of life
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Topic
Board Economics
Re: Is it the best time to buy cheaper crypto while Bitcoin is at high price?
by
renc77
on 09/08/2018, 12:55:39 UTC
So many crypto currencies are coming UP . They are much cheaper  than Bitcoin for now. It is so hard to decide  which to buy . Some are in good promos, to buy or invest to it while it is cheaper and sell when the price Will getting high. Is it a good idea to buy while we can not afford yet Bitcoin?

Well, it relies upon you. Would you like to attempt put resources into those coins, or possibly get them to exchange, or simply disregard all the forthcoming coin and spotlight on your present speculation or purchase bitcoin.

In any case, for me myself, I don't care for purchasing new coins. Don't know why, yet i'm kinda suspicious for them these days. I'm apprehensive i'll purchase useless or get defrauded. On the off chance that I would like to get new coins, I want to join abundance or airdrops. That way I can procure coins without burning through cash.

I like to purchase bitcoin for speculation. Doesn't make a difference if it's costly, however I realize that it's genuinely justified, despite all the trouble.
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Topic
Board Economics
Re: Cryptocurrency or Stock Market?
by
renc77
on 09/08/2018, 03:54:33 UTC
In the event that you need to end up a financial specialist at that point put resources into securities exchange is your call.

Nonetheless on the off chance that you need to wind up some wannabe broker and exchanging low time span while having overwhelming hearbeat and eyes stuck into PC each and every day then cryptographic money would give you that sort of experience.

As far as benefits, both make great benefits and bitcoin just pick up popularity for a decent and quick cash while securities exchange pick up acclaim for a decent and long haul expanding speculation.
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Topic
Board Bitcoin Discussion
Re: Will Bitcoin become centralized sometime in the future?
by
renc77
on 07/08/2018, 21:26:49 UTC
As Bitcoin mining is partially controlled by Chinese miners, I have a feeling that sometime in the near future, Bitcoin can become centralized if no solution against this is proposed.

If BTC could manage to bring a solution towards mining centralization by preventing mining pools with the most hashrate to effectively gain control of the network, then it would aim to become more decentralized over the years.
 
As mining difficulty increases and new ASIC hardware gets developed, it would make it less possible for any average user to mine Bitcoin, thus making it more centralized each day.

Nevertheless, I would like to know your opinion about this, as if BTC becomes centralized, it might cause it to decrease in value, and most of all, violate the principles that it was created for.  Smiley

It would in any case stay as it ought to be and im unequivocally accepting on that thing on the grounds that regardless of how trouble increments

Excavators would be more created or overhauled it doesn't extremely imply that it will make bitcoin to be decentralized

We as a whole realize that bitcoin cannot be not really controlled by any third party.If they would plan to control or brought together it then they will experience considerable difficulties on splitting it without a doubt.
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Topic
Board Bitcoin Discussion
Re: Is the world ready for cryptocurrency?
by
renc77
on 07/08/2018, 13:59:31 UTC
Although there are a few countries who uses bitcoins and other cryptocurrencies now, I cannot help but wonder if the world is truly ready for this digital currency? It will certainly be hard to replace all currencies in the world but it could happen in a decade or so, perhaps even less? Still the question is, is the world ready? I think if this happens it might be one of the biggest changes that will happen worldwide.

Yeah. This is going to be a sudden transformation in the culture of the man-kind. However, I think this is surely a long journey to happen. We cannot approve yet that this will sure possible.

But then, I believe if cryptocurrency will be heard by the majority which resulted for more talks about it. Arguments will follow and development surely arise.

With that, it might possible for the world to use cryptocurrency. Cheesy