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Dear ck.kislay,
You are subscribed to the thread "Indian Stock Advice Trading Strategies Trends Market Predictions & Regulations" by pcpune, there have been 4 post(s) to this thread, the last poster was Dkumar12.
https://www.indianrealestateforum.com/forum/city-forums/pune-real-estate/9993-indian-stock-advice-trading-strategies-trends-market-predictions-regulations
These following posts were made to the thread:
https://www.indianrealestateforum.com/forum/city-forums/pune-real-estate/9993-indian-stock-advice-trading-strategies-trends-market-predictions-regulations
Posted by: Dkumar12
On: November 5 2017 11:42 AM
When I was kid, some people used to come to my small city where they would sell items at half price. They would take small token as booking n will deliver item in 7-10 days time. Everyone from day one knows that they would run away for sure. Nobody can sell items in half price. But still people tried their luck assuming those ppl wont run till their product delivered. Bitcoin looks quite same like that to me. Everyone is unsure but still trying their luck.
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/pune-real-estate/9993-indian-stock-advice-trading-strategies-trends-market-predictions-regulations
Posted by: ukdoctor
On: November 5 2017 01:07 PM
[QUOTE=Dkumar12;n2563655]When I was kid, some people used to come to my small city where they would sell items at half price. They would take small token as booking n will deliver item in 7-10 days time. Everyone from day one knows that they would run away for sure. Nobody can sell items in half price. But still people tried their luck assuming those ppl wont run till their product delivered. Bitcoin looks quite same like that to me. Everyone is unsure but still trying their luck. [/QUOTE]My friend sent me the following as an argument for supporting Bitcoin . [b]1. Transferability[/b]. Can I move it around, and transfer it from myself to another party and vice versa? Yes. Bitcoin is far more transferable than traditional fiat currencies (like the physical dollar, euro, and yen)... And it works just as well as any mobile transaction. I can open my phone and securely transfer $100,000 of bitcoin (or more) straight into your digital wallet in an instant. Of course, you can hand me $100,000 in cash in a briefcase. But I'd need to count it, and check that the notes aren't counterfeit. And then I'd need to secure it. The bitcoin blockchain does all of the above for me. Once I've made the bitcoin transfer and you've seen the balance in your wallet, it's done. That's it. You [i]own[/i] those bitcoins. [b] 2. Usability[/b]. Money isn't much good if I can't use it. Can bitcoin be used to buy goods and services? Yes, and increasingly more merchants are accepting bitcoin as a means of payment. Incidentally, as I write this, I'm scheduled to meet with the CEO of a company which is launching a service that allows you to spend your bitcoin the same way you would use a simple debit card. And you can use this service at more than 30 million locations globally. Mainstream acceptance is growing every day. Bitcoin is already legal tender in Japan. [b]3. Scarcity[/b]. Central banks can, have, and continue to create tens of billions of dollars in fiat currency out of thin air. And as a result, currencies the world over collapse, time and again. Try talking to folks in Venezuela about how much faith they have in the bolivar (the national currency), now essentially worthless. Or Zimbabweans, whose currency collapsed after hyper-printing by their central bank. Or the billion-plus people in India who had their cash lifesavings declared no longer legal tender in an instant last year, when Prime Minister Narendra Modi made a surprise televised announcement informing them they had until the end of the year to exchange their notes for new ones before they would become worthless. The West is truly spoiled when it comes to relative currency stability versus the rest of the world. As for bitcoin, only 21 million will ever be minted, according to the bitcoin protocol, and only around 16 million are in circulation today. No central bank or government can "print" more bitcoin. And as for the concern that bitcoin is purely "digital", it's worth remembering that more than 90% of all money that exists today around the world is not physical (i.e., not notes or coins). When you're buying bitcoin, you're taking a view that more people around the world will accept bitcoin as a form of money. And with a total market cap of around $80 billion, I think it's a worthwhile view to take the risk.
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/pune-real-estate/9993-indian-stock-advice-trading-strategies-trends-market-predictions-regulations
Posted by: ukdoctor
On: November 5 2017 01:16 PM
Regarding the concern that its a ponzi scheme , the counter argument is that it has been in existence for nearly 9 years now . At want point will the non believers accept it ?? When it survives for 10 years ? 15 years 20 years ?? OR When the price crosses $10000 or $25000 or $100000. Interesting points for discussion.. PS: My personal opinion is that it has a long way to run (provided there is not much goverment interference ) However the targets seem extremely optimistic . Mainstream assets have run up several times in the past Gold for example ran up around 7or 8 times IN A YEAR in around 1980 or so from $100 something to $850 an ounce.
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/pune-real-estate/9993-indian-stock-advice-trading-strategies-trends-market-predictions-regulations
Posted by: Dkumar12
On: November 5 2017 02:42 PM
I understand [USER="211209"]ukdoctor[/USER] I wanted to enter in Bitcoin when it was around 2,000 but somehow didnt. Currently I dont have any risk apettite and have some other urgent priorities. Moreover I am able to make good profit by shares this year.
With warm regards,
Team IREF
With warm regards,
Team IREF
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