What do you believe to be the best privacy coins (excluding Monero) ?
They are great for people who seriously want privacy but I don't think most of us want to have serious privacy for our transactions. In investment aspect, I don't like privacy coins because they are most favorite targets of governments. There will be more regulations on privacy coins as well as more fud against those coins. If you are investor, you don't need it. If governments launch more regulations, enforce exchanges to delete privacy coins, exchanges will have to do it. Price will react very bad with delisting news. |
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It's imprudent to invest in a coin that you don't know much about and make a purchase based only on the video you watched. If we talk specifically about XRP, then we need to take into account that the price can reach ATH only as a result of the positive end of the trial, the end date of which is not known.
Open the chart, check past cycles, Open google and search for past fud against XRP. XRP is very bad for people who are not patiently in waiting because that coin often accumulates very long time. During accumulation, most of impatient investors will exit. I agreed that it is bad if anyone invests money into anything without due diligent research. |
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FTX is a rising exchange and their founder has conflict with Changpeng Zao, the founder of Binance. Two exchanges are competing very seriously against each other. I don't like the interface of FTX but maybe I don't use it too often and are not familiar with its interface. About front-run issue, it happens on many exchanges especially small or medium exchanges. On smaller and medium exchanges, you will see front run issues very clearly. I am not sure about that on FTX but it is a very serious fud attack on FTX. |
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That is a huge amount of money to invest in crypto, so I would say that it's better to have like:
BTC =50%
ETH = 25%
Good distribution of capital, I agreed. The rest of the 25% you can spread it out on other altcoins, maybe in the top 5-10. No need for meme coins, the risk is too high for now. Maybe BNB could be a good investment as well. And I would also say that it's better to let that money sit for a while, be a long time holder or at least check them when we hit the next bull run and see how much money you profited by tha time.
I would pick BNB, FTT for rest 25%. If I pick one more, I choose KCS. They are tokens of Binance, FTX and Kucoin exchanges. I don't trust other top altcoin projects. Polkadot, Solana, Near, I don't trust them. Cryptocurrency, blockchain and crypto market will be here so crypto exchanges will be here. It is safe and have less risk than other altcoins. |
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Why did you connect Satoshi Nakamoto to Shiba Inu?
No connection from my opinion. If you want to connect anyone to Shiba Inu, it should be Vitalik Buterin, the founder of Ethereum. In fact, he has no connection but was used by Shiba Inu developers. They sent many Shiba Inu token to the address of Vitalik and used it for marketing.
If you read, you will know Vitalik gave it away for charity and burn. Connect dots, no connection between Vitalik and Shiba Inu.
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what do you think is the best crypto portfolio for a $30k fund?
$30k fund is good enough. How long will you plan to not touch it? Do you have other financial resources that you can use for your life without touching $30k? If you have other resources, you can invest the $30k in long term. If it is a long term investment, I would pick Bitcoin and Ethereum. If you want to diversify more, BNB. It should be 2 years or longer because investment in bear market will bring short term loss. |
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bitcoin payments I think I can use Lightning Bitcoin because it's faster, more efficient and the transaction fees are cheaper.
I think wine has high price enough but for small price, Lightning Network is useful. Anyway, even without Lightning Network, Bitcoin accepted is a good one already. It will be a good start for other things, for bigger Bitcoin adoption in that location. Lightning Network adoption later and more. |
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Trading is very difficult to manage and get profit in long run.
You can trade and get profit in one day, one week but in long run, you will likely have loss. Most of traders have loses.
Gambling is when you open your trading position arbitrarily, no stop loss, no reason why you buy it or just because someone, some groups shill you about that. It's gambling.
If you are luck, you can gamble and win but in long run, your luck will not be enough to give you profit.
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Maybe it is but like you said theres not much development within the network. The sudden rise on etc and breaking its 200ma is really something we should speculate as hype since the eth are gonna do a migration and people are skeptical about whats about to happen. Like miners should support eth pow or totally shifted to etc instead. Its a matter of choice and were still close to that event and people are still clueless which path to take on. Considering technicalities and possible outcome of eth pos, there will be massive speculations on this matter.
With Ethereum Classic, it is similar to Dogecoin. It is truly to say there are more developments for Ethereum Classic than Dogecoin that nearly has no development. If you pick ETC for your portfolio because you believe in their developments, you are doing something bad. If you pick ETC for your portfolio because you believe it will be the best alternative for Ethereum miners when Ethereum goes to PoS, you are doing something good. However, ETC is good if you add it to your portfolio for hodling, not for speculation. Don't forget ETC is available for leverage trading on many exchanges and there is risk of liquidation if you are gambling and have bad management. |
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It is good if you have no other choices.
It is bad if you have other choices but you still choose to use this one. You don't control the broadcast of your transaction and your coin. You have to rely on a company that run the SMS service. Don't trust them.
If people have no other choices (very barely they have no other choices), they have to accept the only solution they have. In that case, this one is good and acceptable but they have to know about risk of this. Knowing about risk means whenever they have other choices, they will stop using that one.
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You can start by understanding the difference between Bitcoin and fiat money, after that you can learn about Bitcoin technical if you're really want to understand about Bitcoin.
Learn about Bitcoin with Mastering Bitcoin and Mastering the Lightning NetworkIf you learn about fiat money, you should learn about central bank digital currency (CBDC). [GUIDE] All About Central Bank Digital Currency (CBDC). They are different tools for governments and central banks to create new money in circulating supply in their countries. Learning crypto is useless since it's full of shitcoins and wouldn't have same result with their prospect on their whitepaper.
The first cryptocurrency to learn when you want to learn about altcoins is Ethereum. Mastering Ethereum |
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Last year, with the hype causes by Ethereum, Ethereum Classic was pumped from $13 to $130.You can expect the same thing when Ethereum The Merge happens. However, do you really believe that Ethereum team have solid reasons to execute it in bear market? Think of it and you can make your conclusion that the recent hype on Ethereum The Merge is only a bounce in middle of bear market. I believe it will be delayed again and we will see it really happens in next bull run. Ethereum Classic would be a good altcoin to pick in next bull run. |
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In some cases, trading is considered gambling when you enter a trade without knowledge or experience and you trade with a bad luck mindset. But no so it can be said that they are the same, in gambling, we can only guess the outcome by chance and without any specific knowledge of gambling, it's just the experience that you accumulate. With trading, you just need to study hard, you will be able to analyze the upcoming trend in the market.
If you trade and think you will get profit because you hope you will get luck and get profit as consequence of luck, you are gambling. Gambling means chance to win or to lose is out of your control and because most of traders are losers, your chance to gamble and get profit should be small. Many newbies join the market and gamble with their trades, without learning, knowledge about the market, technical or fundamental approaches, without practice. They are stupid gamblers and unhappy endings are waiting. When you are calling yourself as a trader, you are considering trading is your job. Because it is a job, you should have knowledge and skills to do it. By this meaning, it is not a gambling. |
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For sure those Bitcoin are not forced to sell immediately with the market price once become available.
Even those Bitcoin will be sold to the market, who cares? There are still a lot of people buying Bitcoins these days. There are still buyers.
This could be a FUD also that they are spreading.
Again Mt.Gox is used to fud and causes panic sell on the market. It is not real reason of this fall because Bitcoin has rallied from $17k to $25k and it must be pulled back. I believe that Bitcoin after this pull back will climb gradually to $27k or $28k and we will get another fall that can be bigger than this one. Mt.Gox is a very old story and with high trading volume of Bitcoin market nowadays, it does not cause big effect than in the past. Don't panic but I know people will still be panic. |
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Bitcoin being a legal tender in a country is a different story compared to other regulations from some countries, Singapore is the best example by OP.
By design, with a decentralized network and non custodial wallets, Bitcoin does not require to be accepted as legally or legal tender to be used. All human can use Bitcoin. Legal tender is only a booster for Bitcoin adoption but without legal tender, it will still be accepted. El Salvador's current situation on Bitcoin is superb compared to other countries even as you say crypto-friendly country. So, if Singapore will start using Bitcoin as an "official" legal tender, that's the time I can consider Singapore followed El Salvador.
El Salvador is a country with massive support from their president and government but after 2 years, we can verify that the adoption can not be reached by legal tender. Education first and legal tender can has good effect. |
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Bitcoin is not here to solve all issues on Earth so it does not solve inflation issues from banks. Never. Banks and governments create issues and they have to solve them but I am very doubtful that they don't have intention to do it. The issue can become bigger, worse at some points or looks better temporarily but it has never been solved. Chronologically inflation is non stop. https://www.visualcapitalist.com/purchasing-power-of-the-u-s-dollar-over-time/ |
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We will see more pumps from fan tokens before the World Cup 2022.
Binance is very active to cooperate with soccer clubs from Europe to America continents. The Word Cup will not a big event and gives them big reasons to pump fan tokens.
Fan tokens will be very good for your portfolio this year but I don't advice to buy them now, today after they pumped crazy already. Wait and find other opportunities when they are in red and accumulate them.
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Use Bitcoin to buy something in e-commerce crypto-accepted platform, not too often
Use Bitcoin to trade on exchanges: daily
Use Bitcoin to get cash (fiat): sell Bitcoin and get fiat. Each 2 or 3 months.
Honestly I have never used Bitcoin with Lightning Network.
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You can use wallet of each project or use multiple token wallet but it should be non custodial wallet. You must own key or seeds of your wallet to control the token you have.
If it is tokens, I think best wallets are Myetherwallet, Metamask, Trust wallets. They are good for multiple chains too. They are non custodial wallets and you can customize gas for your transaction too.
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