focusedwriter10
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Everything posted by focusedwriter10
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Well, so far from the news I have read about Bitcoin, the investor confidence is still not stable. Thus, I do not think it will be a year-end run.
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Even with the current trend in ming, I would say investment in Bitcoin is a good one because I have returns that are worth. It would have taken me so long to make the profits I have made if it was another investment.
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What is the most attractive quality of Bitcoin?
focusedwriter10 replied to Kakashi2020's topic in General Discussion
On my part, the returns made from the investment is the most attractive quality of Bitcoin. -
Is it really safe to invest in Bitcoins?
focusedwriter10 replied to Kakashi2020's topic in Marketplace
I feel sorry for her, but I hope she learned a good lesson regarding investment and risks associated. -
My guess is simple. Scams have led the government of Nigeria banning Bitcoin and cryptocurrencies. Nothing else.
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Bitcoin is not illegal, but most governments including the Kenyan government does not recognize it. However, anyone caught scamming innocent citizens gets dealt with accordingly.
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This statement is absolutely correct. an offline wallet is more secure.
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Is it really safe to invest in Bitcoins?
focusedwriter10 replied to Kakashi2020's topic in Marketplace
I agree all investments involve risking. However, you should only invest your extra cash. -
When did you first hear about Bitcoin?
focusedwriter10 replied to Kakashi2020's topic in General Discussion
The first time I heard about Bitcoin was in 2014, I joined a freelance writing Facebook group, then I noted people were discussing its price, and whether the investment worth. Luckily, in a few months time, I landed a gig to write articles for an exchanger. -
Why didn't you invest in Bitcoin earlier?
focusedwriter10 replied to Kakashi2020's topic in General Discussion
Fear of losing my money. Initially, I thought Bitcoin was like any other scam that gets hyped, then all over sudden go down, making one or two rich at the expense of others. -
What would you do if Bitcoin crashes?
focusedwriter10 replied to Kakashi2020's topic in General Discussion
This is a good one, although at times you might take a bigger risk and make small gains. All in all, risking is a must in any business. That's the only way you learn more about your business investment because you will encounter challenges, which comes with loses and gains. -
Well, not all of my extra money. Remember this is business, and they say business involves risks on one side, while on the other side is profits and losses. Probably a quarter of my extra money at the moment.
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How expensive it would be to build a Bitcoin mining farm?
focusedwriter10 replied to Bravosi's topic in Mining
Correct, starting a Bitcoin mining firm is not as that cheap. If not well thought of, you might end up paying higher electricity bills than your earnings. -
You should be very careful before making any payment. There are so many scams claiming to mine Bitcoin, while I doubt if mining is still ongoing.
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Do you think cryptocurrencies should be taxed? I will appreciate YES or NO, with a supporting explanation.
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What would you do if Bitcoin crashes?
focusedwriter10 replied to Kakashi2020's topic in General Discussion
I like this. Two important lessons, you should only invest your extra cash, and secondly, every investment is all about risk. -
Dumping Bitcoin for another Cryptocurrency
focusedwriter10 replied to Kakashi2020's topic in Marketplace
At the moment, I would go for Litecoin and Ethereum. -
Coins.ph is the leading Philippine Exchange
focusedwriter10 replied to Kakashi2020's topic in General Discussion
Seems the government of the Philippines cares for its citizen. Coins.ph will give the citizen confidence, and value when trading cryptocurrency. Back in my country, there is a coin, currently trading at $20, but most people are familiar with it. -
Philippines has 5 licensed exchange platforms
focusedwriter10 replied to Kakashi2020's topic in General Discussion
wow, this is amazing. That guaranteed the citizens of Phillippines enough security when trading Bitcoin. I wish the government of Kenya can do so. The government has saved the citizens from scams involved in cryptocurrency. -
What is the reason of Bitcoin going down?
focusedwriter10 replied to Bravosi's topic in General Discussion
This is also my bet, plus the amount of Bitcoin mined and owned. In this case, demand and supply rarely affects the prices of Bitcoin. -
Are you disappointed with Bitcoin?
focusedwriter10 replied to Martinsx's topic in General Discussion
I am still hopeful with Bitcoin. Although the prices are not as good as expected, I have made some profits. However, I feel sorry for those who invested in Bitcoin at a higher price, and the returns are now poor. -
Should Bitcoin be considered a Commodity or a Currency?
focusedwriter10 replied to Kakashi2020's topic in General Discussion
Well, I may not state that clearly, but what I know is that demand and supply rarely affect the prices of Bitcoin. However, the amount of Bitcoin mined, purchased and owned affects the market. -
Will there be another crypto that would surpass bitcoin?
focusedwriter10 replied to Kakashi2020's topic in General Discussion
True. Some are even surprised to hear about such cryptos. Bitcoin was and is still popular all over the world.