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Showing 20 of 68 results by scoin9
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Topic
Board Economics
Re: What will happen if the all countries convert to cryptocurrency?
by
scoin9
on 11/09/2018, 00:34:31 UTC
The moment all the countries convert to crytocurrency would be the beginning of many amazing things to happen to the world and the financial sector, the process sending and receiving funds worldwide would become very fast and easy, it would lead to growth of businesses and make life easier for citizens of the world.
Post
Topic
Board Economics
Re: Does Bitcoin affect world trade?
by
scoin9
on 05/09/2018, 16:30:10 UTC
Cryptocurrency and Bitcoin have come to stay and would be around for years to come, it would contribute to shaping the way our financial system works. So BTC and cryptocurrency would certainly affect world trade and shape the way funds are sent from country to country making transactions very fast and easy.
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Topic
Board Economics
Re: Centralized or Decentralized for cryptocurrencies?
by
scoin9
on 03/09/2018, 04:00:02 UTC
Centralized system, removes the control from the people and gives it to a few just like the banking system, while decentralized puts control of the market back into the hands of the people. Both forms have their pros and cons decentralized helps the people have control at the expense of true regulations while decentralized removes control by the common man, hands this control to large corporations or investors but promotes regulations which is sometimes very important.
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Topic
Board Economics
Re: What are the challenges for investment with Small capital?
by
scoin9
on 28/08/2018, 09:32:02 UTC
We all know that it takes money to make money, in other words money is used to make money, whether it varies directly or inversely in a topic for another day. But those who invest in small capital usually need a longer time to earn a profit, they don't get their idea or product to a large group of potential buyers early enough due to lack if funds for marketing purposes. So having small capital to start a business means slow growth and a lot of right decisions to be made.
Post
Topic
Board Economics
Re: When will Apple accept bitcoins?
by
scoin9
on 24/08/2018, 16:27:36 UTC
The idea behind Bitcoin is revolutionary and many people as well as corporations would accept Bicoin eventually , but there needs to be some form of regulation in the cryptocurrency ecosystem before massive adoption of BTC by very large firms , so they know that their funds would be safe.
Post
Topic
Board Economics
Re: Wise thing to do with your savings.
by
scoin9
on 23/08/2018, 13:54:26 UTC
Savings is not an investment and cannot yield more profit, instead it just seats in an account and is available whenever needed, but the truth is that money saved is better of ,if it works for you, meaning if it is invested into something lucrative and safe. So one of the wisest things to do with ones savings is to re-invest it in a very lucrative and profitable venture ,so as to yield dividends.
Post
Topic
Board Economics
Re: Bitcoin will control the world economy!!!!! is it true?
by
scoin9
on 22/08/2018, 17:40:53 UTC
Talking about controlling the world economy ,in what way exactly would it control the world economy? We should talk about BTC being used very well for trading and exchange of value which is what would likely happen in tgw nearest future.
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Topic
Board Economics
Re: Why I am not sharing my crypto love? <3
by
scoin9
on 22/08/2018, 16:49:26 UTC
I personally have no issues with telling folks about the very many benefits of cryptocurrency, block chain and crypto has come to stay and we are that know a thing or two about how it works have the responsibility of spreading information in order for it to become more popular, since the more the people who invest in it , the more the industry grows.
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Topic
Board Economics
Re: DO NOT SELL! JUST HODL - You've not loss any money if you haven't sold.
by
scoin9
on 17/08/2018, 15:16:18 UTC
The HODL and sell later ideology is a good one and sometimes can be profitable due to the high risk high return nature of the cryprocurrency ecosystem, by sometimes it may be dangerous to hODl because the price can just come crashing down. It's always best to know what the project is all about before HODLIng.
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Topic
Board Economics
Re: Newbies panic & Old timers smile, when the Bitcoin price take a dip.
by
scoin9
on 17/08/2018, 15:05:06 UTC
Newbies who are new to cryptocurrency usually don't have an in depth knowledge of how the system works and therefore do not trade properly and they are usually the 1st to dump whenever there is a Bear market. The more experienced traders tend to buy from newbies during Bear markets and enrich themselves with more BTC.
Post
Topic
Board Economics
Re: Will the bitcoin be outdated by another currency?
by
scoin9
on 17/08/2018, 14:54:13 UTC
The cryptocurrency ecosystem is continually evolving and many new coins have been introduced in recent times, but Bitcoin remains the most traded and number 1 cryptocurrency by market cap, meaning it would take a lot of time and innovation for it to be replaced by another crypocurrency. But one thing which is constant is change but we have to wait and see.
Post
Topic
Board Economics
Re: The Real Reason to Hold Gold And Bitcoin
by
scoin9
on 15/08/2018, 14:44:10 UTC
It is always wise and highly advisable to treat and store of value with the highest regard. Fiat, Gold and Bitcoin are all great store of values. The good thing about the cryptocurrency market is it's ability to rebound and increase in market cap and value, this is very evident with the rise in price of most crypto assets. I strongly believe that BTC and gold are good store of values and would continue to increase in value hence the need to hold them
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Topic
Board Economics
Re: Do you approve this strategy: sell alts buy btc?
by
scoin9
on 13/08/2018, 20:53:39 UTC
It depends on the Alts that are to be sold,some alts have very promising future, great projects. Different people have reasons for making sales and also have methods of trading , but selling all alts may not be the best advice.
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Topic
Board Economics
Re: How Long Crypto market will take to recover?
by
scoin9
on 13/08/2018, 14:17:29 UTC
The cryptocurrency market is really experiencing a major downtrend in descent time with many coins and tokens losing large market cap. One of the reasons for this downtrend is the fact that the ETF decision on BTC had been finalized yet and this is a major news that had affected the market. Altcoins always see red whenever BTC drops which is the situation at the moment. The market can recover positively if the necessary ETF is released early enough to calm the tension in the market and also regulations should be placed to limit the excesses of fake coins in the market because this helps to reduce the confidence would be investors have in the market.
Post
Topic
Board Economics
Re: Can Amazon Integrate Bitcoin?
by
scoin9
on 09/08/2018, 08:58:47 UTC
It's no news that cryptocurrency has come to stay, but the industry is still unregulated and that is a major problem that inhibits growth. Amazon can integrate Bitcoin but due to the unregulated nature of the cryptocurrency ecosystem it may wait for sometime to see regulations before it fully integrates BTC. The problem is not BTC the problem is thr market and whales.
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Topic
Board Economics
Re: Banks admit they fear BTC
by
scoin9
on 08/08/2018, 10:23:46 UTC
I certainly feel that banks would be scared of digital assets that is cryptocurrency because it leaves them without major control of funds due to it's decentralized nature. Because of this decentralized nature banks would not be able to trade freely with deposited funds as they normally do with Fiat.
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Topic
Board Economics
Re: Why Viber, WhatsApp, skype, WeChat, Snapchat, IMO, Line not conduct IСO?
by
scoin9
on 08/08/2018, 10:05:41 UTC
Whatsapp is owned by Facebook, Skype is owned by Microsoft these are huge companies with tried and trusted business models and a lot of investors from the IPO they have already launched. IPO means initial public offering which is similar to ICO but for fiat so they do not need to get into the cryto world yet, that's why the haven't conducted an ICO.
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Topic
Board Marketplace
Re: Digital Currency Take Over
by
scoin9
on 07/08/2018, 07:44:40 UTC
The current trends in cryptocurrency
and digital money is amazing, but the system is still in it's infancy and needs forms of regulations, it is easier to send funds using cryptocurrency, but I see it taking over when there are good regulations ,so investors can be sure that their funds are safe.
Post
Topic
Board Economics
Re: Is Bitcoin Worth To Be Currency?
by
scoin9
on 07/08/2018, 06:18:42 UTC
Bitcoin is extremely useful today , it's an incorruptible means of storing and transferring value which is used by millions of people today. Just like Gold and fiat which help store and transfer value BTC is worth being used as a legal tender and should be adopted by countries.
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Topic
Board Marketplace
Re: bitcoin transaction fees has put me out of business
by
scoin9
on 02/08/2018, 16:43:23 UTC
Bitcoin transaction fees can be abit on the high side, but it all depends on the exchange being used, the movement of BTC from wallet to wallet requires mining which means mining or transaction fees for the miners, so it is inevitable not to have tx fees.