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Showing 20 of 30 results by yasuoWasakey99
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Board Bitcoin Discussion
Re: How to kill Bitcoin?
by
yasuoWasakey99
on 24/11/2017, 12:19:01 UTC
I do not think you can kill bitcoin an easy way maybe if you put out the internet all over the world than bitcoin would be killed easily but i do not think someone can do that to put internet off everywhere is impossible for one person to do.
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Board Economics
Re: Can bitcoin improve the economy of a country?
by
yasuoWasakey99
on 24/11/2017, 12:14:03 UTC
I think it can because the bitcoin can become a way for them to transact and transfer huge payments which fast speed of transaction and also a cheap fee for their transaction so it will give a huge discount and a way to save money for the country and also for the other people that will use it and those saved money will result to have a better economy of the country because they can use the saved money to make profitable investment or businesses.
Bitcoin will make the way for itself because the bitcoin will be very high and a lot of the countries are investing the bitcoin and they are supporting it, for me it is the point and the investing power that will decide that how much bitcoin you will invest and how much bitcoin you will save for the long time, now the bitcoin is getting famous and the bitcoin is easy to earn by investing the small in the bitcoin.
Bitcoin should help to improve economy of each country, if you know most of the jobless people can get work thru help of bitcoin. Moreover in our country most of the people are already using bitcoin, so it means that they were already aware with the advantage and disadvantage of this crypto currency in the whole.

Therefore, due to good movement of this coin in the whole world exchange of bitcoin versus dollars were largely increase that's why most of the people and investors are attract to increase the numbers of their investment to this crypto. In addition some capitalist are being wise holding their bitcoin amount to their wallet because one wrong move and they will earned lost on their part.
That is true but i personally would say that bitcoin can improve the economy of a country if everyone in that country starts to accept bitcoin and starts to earn or even invest in it this way everyone would have a great income form bitcoin and the economy will go higher.
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Board Bitcoin Discussion
Re: How did you first hear about bitcoin?
by
yasuoWasakey99
on 24/11/2017, 12:09:03 UTC
I heard first about bitcoin when i was with my friend and we wanted to book plane tickets for a trip and we saw pay with bitcoins and we thought what is that so we searched it all up and we discovered bitcoin then we both invested in it.
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Board Bitcoin Discussion
Re: What impresses you the most about Bitcoin?
by
yasuoWasakey99
on 24/11/2017, 12:00:37 UTC
the best thing that impresses me about bitcoin is the fact that bitcoin can give a lot to people who have nothing at all and i think, it can give them even more than they actually need that is what they deserves to earn i think that is what helps them.
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Board Economics
Re: Is it possible for the bitcoin to lose it's value ?
by
yasuoWasakey99
on 24/11/2017, 11:50:09 UTC
Just happen recently that bitcoin lose its value from more than 7k usd drops to down 6k .but now bitcoin recovers and continues to grow the value to 8k usd.and I know it will continue growing upto 10k usd this year end.but never imagine that bitcoin will totally lose its price permanently because its impossible to happen for sure
Bitcoin can lose its value even down to zero, but all that depends on we the community. I remember when Bitcoin first came out, it started very low and was even sold for $0.6 and 0.7, that was probably when we had no large number of people into bitcoin. But when the number of users started increasing the price went from that rate to $1 going up above that rate and now look at the rate we have now, and it’s not stopping there, it might reach 100k soon.
The price of bitcoin is always and only depending on the demand so if the demand for bitcoin declines a lot then the price of bitcoin will be drag down so hard and it will lead for a huge loss for the price of bitcoin and make it as a worthless cryptocurrency. As of now, bitcoin has a lot of demand so i think, right now, it is not possible for bitcoin to lose it's value.
Yes i agree with you the price also depends on other things not only the demand but the demand is one of the biggest things everyone wants to have a lot of bitcoin that is why the price is going up and up a lot that is why it is going high now.
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Board Economics
Re: Why Should I Choose Bitcoin ??
by
yasuoWasakey99
on 23/11/2017, 14:39:54 UTC
Because bitcoin gives the most profit out of all coins and it is the main coin with btc you can easily invest in other coins and make a lot out of them instead of buying altcoins with dollars just convert a couple btc in to the altcoin you want.
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Topic
Board Economics
Re: Is the economy situation in your country that bad?
by
yasuoWasakey99
on 23/11/2017, 14:30:01 UTC
It seems there are bad news all around with doom and gloom. Trade figures going down, jobs cuts, security situation not going well, and bad loans.

Is the economy situation in your country that dismal? Or this is just some fear mongering?



Our economy is not bad nor good. We have a high percentage of unemployment, poverty there also a war that just ended. But we, the citizens are still striving. Some even goes outside the country to look for a nice job. Though with the use of bitcoin one can have an additional income. It can really be a great help to everyone if they will only know. If an individual life has become better so will the economy of the country
That’s so sad mate I feel sorry for this but don’t worry time will change and you country will be leaded by the appropriate persons soon and maybe the main reason behind your country’s backwardness is its unawareness to the modern technology and as you are telling the economy is bad your region must accept bitcoin to give boost to your country’s economy and bitcoin will surely lead you to the economic stability.
Bitcoin is not a solution to solve any problem about economy of the country. It depends on the government and the people of country, if the people do not pay tax, the government do not have money to infrastructure development and reverse, if the government only taking bribes and forget the economy, they also make the economy of their country become worse more.
I agree with you in my country we pay tax on even if we want to cash out our bitcoins but i think bitcoin can make the economy good because bitcoin is growing a lot and people know that it will be very big in the future.
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Board Bitcoin Discussion
Re: How do you store your bitcoins?
by
yasuoWasakey99
on 23/11/2017, 14:25:20 UTC
I store my bitcoins in a wallet i would recommend to use blockchain and myetherwallet because those are the best to use blcokchain is very secure for your bitcoins and ethereum and myetherwallet can help you save your tokens and other altcoins.
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Topic
Board Economics
Re: Are electric cars bad for the oil industry?
by
yasuoWasakey99
on 23/11/2017, 11:38:56 UTC
Yes electrical cars are very bad for the oil industry because i believe they are not how they are supposed to work and oil is very hard to get but if no one wants oil then they will think about other things to do with the oil.
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Board Bitcoin Discussion
Re: Why bitcoin is not supported in some countries?
by
yasuoWasakey99
on 23/11/2017, 11:28:20 UTC
Central banks do not enjoy competition for their monopoly on currency.  It's where they derive most of their power.
They want to have a sole control but they cannot control bitcoin so I can say it has become a threat to them.
People will use bitcoin even if they will ban it because as long as there is internet everything is possible online for a person who are satisfied with the decentralized system.

It was a threat in the way that bitcoins can be used for buying drugs online and it was very hard for N.B.I. to trace the transaction so the only way to avoid this illegal transactions is to ban bitcoins from circulating the country.

Some people strongly believe that Government is the illegal transaction.

Cool
I agree but other countries like my country has put tax on bitcoin that means whenever i cash it out i pay fees and i pay taxes so that is not a good thing but at least this way i will have legal money and i think from 1 bitcoin you could get 5k if you pay everything.
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Topic
Board Economics
Re: The value of bitcoin?
by
yasuoWasakey99
on 16/11/2017, 10:58:19 UTC
The value of bitcoin depends on a lot of things i would say it is the first coin that is the one and most important thing also it is one of the best ideas and people want it is wanted at the moment but that is also because of the price more and more people are starting with it.
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Board Speculation
Re: what you think about bitcoin in like 5 years?
by
yasuoWasakey99
on 16/11/2017, 10:54:59 UTC
I think it will be very big because it is already on the rise right now and after 5 years a lot ore people will know about it and trust it and then they can make a lot of money from it but i am not sure we are never sure about the future what could and what will happen.
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Board Economics
Re: bitcoin benefit of saving for a long time?
by
yasuoWasakey99
on 16/11/2017, 10:50:28 UTC
I do not think we can get a huge profit in just over 3 years, compared with a mutual fund that takes at least 10 years to get 200% profit or gold that takes more than 25 years to get 100% profit.
WEll, I believe that investing your money in Ethereum will give you a better amount of money here. Bitcoin can not easily increase 100% anymore. But ethereum can easily x3 of its own price. Look at the current price and you can see the potential inside Ethereum. Moreover, bitcoin is soon becoming a form of investment and it will have no use in the future but to become a online property

Bitcoin is already an investment for majority of people and now they are not willing to use it as a currency which they were spending in the past and now the main intention of people is to save their bitcoins for a long term to make huge profits from it but the fact is that if you want to make best profits from bitcoins then you need to hold it for a very long term and on the other hand ethereum can give you best profits in quick time.
You are wrong, I do not think Ethereum can gives you good profits than Bitcoin in past days.
The price of Bitcoin has increased again from $5,500 to $7,000 within one week.
While Ethereum just keeps its value around $300. Wink


People who hold bitcoin for a longer time let's say for example those who saved bitcoin since 2015 are now enjoying its benefits because since then the price has jumped off more than triple of its price before. it is better to save bitcoin for now because in the coming days it will surely increase and the price will surely satisfy your financial needs.
I agree with you i have a friend who bought it in 2016 in December for something like 800 dollars each but he did not expect it to reach this big after a year and now he is very happy that he bought i regret my choice that i did not buy it but it is never too late to start with bitcoins.
Wow i feel bad for not trusting bitcoin earlier because if i had bought it for that price i would be so rich by now but i am glad that i am still not too late with bitcoin because it is something that i still want to focus on in my future.
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Board Economics
Re: The dream of getting rich with bitcoins
by
yasuoWasakey99
on 16/11/2017, 10:42:39 UTC
Well i believe i could be rich but i never knew how and then i met bitcoin and i got introduced to a whole new world but i do not know how long it would take for me to make one million dollar for my self and be able to say i am a millionaire.
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Topic
Board Bitcoin Discussion
Re: Why some people prefer Bitcoin over fiat ?
by
yasuoWasakey99
on 16/11/2017, 10:39:05 UTC
Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ? I have seen a lot of members in this forum discussing about buying drugs, gambling and enjoying porn with bitcoin. Is not it a misuse of a currency ? Block chain tech is a awesome tech and btc is getting popular. I hate these misuses of precious btc. It hurts me. This will lead into unhealthy society along with unhealthy future generation.

It's because bitcoin is convenient to use, it's easy to pay or send money through bitcoin compared when sending or paying with fiat money. Not just that bitcoin is convenient, it is also profitable because it's price is volatile, it can multiply multiple times depending on it's market demand.
Exactly! Everyone has his own way of looking up at the things. There will be lot number of people who will prefer paper money over bitcoin. The thing is the ones who really know about bitcoin will never ever think of placing paper money at higher place than that of bitcoin. The reason is quite obvious. Bitcoin is far better than that of paper money in number of ways. There is no match of bitcoin.
I think people prefer bitcoin over fiat because it is with them fiat is mostly in your bank and you do not know what they are doing with it but bitcoin is always with you safe in your wallet and you exactly know what is happening with it and when.
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Board Bitcoin Discussion
Re: Is bitcoin is the new era of currency?
by
yasuoWasakey99
on 10/11/2017, 09:35:29 UTC
Yes i think right now that bitcoin is in its golden era because the bitcoin value is really high right now like never before.
And i think that the bitcoin might even go higher in value because there are now more investors.
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Board Economics
Re: When is the right time to buy bitcoin ?
by
yasuoWasakey99
on 06/11/2017, 10:25:03 UTC
There is no right time because it is hard to know when because the price is very expensive right now and even if it goes down it still is expensive for people who have minimum salary they can not pay this they can earn but it will take a long time.
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Board Bitcoin Discussion
Re: I HATE 90% of Bitcoin investors
by
yasuoWasakey99
on 03/11/2017, 10:15:20 UTC
Well everyone wants to make money 95% of the users are here to make extra money and learn more about coins as well. Nobody would do something for bitcoin if you didn't get money.

So calm down. Some users are here also for hobby and they get extra money.
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Board Speculation (Altcoins)
Re: Ethereum in 5 years
by
yasuoWasakey99
on 02/11/2017, 10:46:40 UTC
What would be your target price of Ethereum for 2022?

20% of BTC so that more that 2000$ to 3000$

I think it would be around 1 or 3k. It is now around 300 dollar i don't think that it will go to 5k in 2022. It is not the main coin like bitcoin. ETH has good support though blockchain.

Blockchain has added their support so you can buy it on their wallet. This will help ETH to increase.
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Board Bitcoin Discussion
Re: Should I buy bitcoin now?
by
yasuoWasakey99
on 26/10/2017, 09:58:58 UTC
You can buy it now if you want, but you can make more money if you wait more because bitcoin is falling a bit now. If you do that you can make a lot of money that way.

I will buy more bitcoins when the price is around 3k i hope that it will fall.