You say Bitcoin is expensive, I know what you mean but you don’t have to buy a full Bitcoin to make good profits. Let’s say for example you can only invest $500 every 2 or 3 months, you are still building an investment strategy that way. You are far more likely to make guaranteed profits investing in the established coins like Bitcoin & Ethereum than playing shitcoin roulette, trying to pick 1 of the many memecoins to succeed. Most of them fail & you’re more likely to lose than make money buying low ranked altcoins & memecoins.
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Blackrock don’t buy Bitcoin to hold for themselves. They run a spot etf product which enables their investors to get access to Bitcoin via their etf. It’s a good thing that Bitcoin is now officially a part of the US financial system. We wanted mainstream adoption for years, now we are on the way to having it. The price going up is a good thing, Bitcoin still works as intended though, 1 BTC = 1 BTC.
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Ordinals have zero utility, it’s just a bunch of nerds, trolls & autists being morons. They don’t make anything better, it does seem that they are slowing down or getting bored for various reasons you can send a transaction with a fee of 20 sat/vB & get confirmation within 3 blocks. A while back it was getting absurdly expensive to use Bitcoin due to these guys. Hopefully this craze dies soon any way.
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One of Eth’s biggest competitors is Binance Smart Chain. BSC offers a similar decentralised platform for building & deploying smart contracts & decentralised applications (DApps). It’s gained popularity for its lower transaction fees & faster block confirmation times compared to Eth. BSC's native token BNB is used for various purposes within the Binance ecosystem. Eth and BSC have different design philosophies & target audiences they both aim to provide solutions for decentralised finance (DeFi) & enable the development of innovative blockchain based applications.
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I prefer not to hold too much capital in either stable coin or fiat long term. Most of my wealth is in Bitcoin, if I was to sell it all during a big bull market in the hope of buying back cheaper in a bear market I’d probably prefer to store money in USDT than my local currency. Keeping too much money in stable coins or fiat makes me uncomfortable though.
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If you lose your job it's important to assess your finances, update your resume, network, seek benefits, enhance your skills, stay positive, maintain a routine, & seek support. If you knock on enough doors, one will open. One chapter of your life ending gives you a chance to start a new, even better one.
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Inflation is a stealth tax, an annual theft of your purchasing power. Governments don’t care about you so the sooner you accept that the better. It is up to us to protect our money from these lizards. Bitcoin is an inflation slayer & if self custodied, only you control your funds. Don’t wait until it’s too late.
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Seems China is already backpedaling on its Bitcoin ban (yes the most recent one during the last bull market). Probably following the lead of the United States, I have been reading that Hong Kong will soon be listing spot etf products. I think they will pivot & allow retail to buy Bitcoin again but with some restrictions. There is nothing good that comes from cutting yourself off from Bitcoin long term.
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Human nature doesn't lead us to be patient. As a species we want everything now, this is why most cryptocurrency investors tend to fail by either selling too early or at a loss. Patience is a virtue, most of don’t have it. Those of you who can buy Bitcoin regularly & HODL for at least, ideally, three cycles, will be grestly rewarded with very impressive profits.
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To reach your full potential start by setting clear goals that align with your passions & values. Develop a growth mindset & embrace continuous learning and self improvement. Surround yourself with positive & supportive people who inspire/motivate you. Take calculated risks & step out of your comfort zone to challenge yourself. Practice self care & maintain a healthy work/life balance. Stay focused, determined & resilient in the face of obstacles. Believe in yourself, stay persistent & never stop striving for personal & professional growth.
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I think UK boomers are like most Western First World country boomers. Those who are lucky to have good health live a very nice, comfortable life. They retired at a normal age, don’t have to work until they’re near dead to pay bills & they bought their home like 40-50 years ago for far, far less than it is currently worth. In many ways it’s so much harder for young people to succeed than it was for boomers.
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Solana is still worth buying in my opinion, yes. It is still cheap when compared with the likes of Bitcoin & Ethereum so I think you can definitely still buy it now and make a nice profit. I don’t know about getting rich from it but you could do a 10 x within 18 months if you buy now.
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Risk taking in life offers many benefits. It encourages you to push yourself out of your comfort zones & into new experiences. Risk taking fosters resilience, as overcoming challenges builds strength & character. It also pushes creativity & innovation as it requires thinking outside the box. Calculated risks can lead to greater success & achievement opening doors to new possibilities & rewards.
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I don’t think momentum has slowed down on SOL network. Only the last few days really crazy memecoins have been pumping hard on SOL. I assume these things go in phases, people move from chain to chain, wherever the money is. I think MATIC seems to be creeping into the picture too.
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I don’t know, there will always be some new scammy shitcoin that rugs people. Just a couple of days ago I saw people on X flexing huge gains by flipping racist tokens & drug related tokens on SOL. These people were making multi six figures in like one day. I don’t chase those coins any more, by the time I hear about them, it is probably already the top before rug pull.
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The main reason we could see a Bitcoin Super Cycle this time is because the US finally approved spot etfs. The amount of capital that now has access to Bitcoin is staggering. We have never seen anything like it before. It’s still very early since these products began trading but we are already up from 38k to 70k since they opened. The halving is in less than a month which will also help. We will know more in 12 months but a Super Cycle could be on the cards.
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I have to admit that I do agree, Youtube is brilliant for finding out how to do little DIY fixes at home. I’ve saved myself loads of money by figuring out how to do things like changing taps, laying tiles in the kitchen, fixing door handles when the screw holes are stripped. It’s invaluable, especially during this cost of living crisis.
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If only it was so easy to only invest in coins that go up. If you wait until a coin or token is going up you might end up buying the top & get dumped on. It’s best to identify coins/tokens that you believe will go up before they do. Sure it’s a bit of a risk but this is crypto, the wild west of investing.
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I am not massively into alts but I do hold approximately 10% of my crypto net worth in alts, more as a hedge or a just incase, rather than being a big advocate & believer. I hold Ethereum, Solana, Arbitrum, Shib, Cardano at the moment. I’m not sure how well each of them will do in the next bull market but I expect to still make very good profits on all of them except maybe Arbitrum, I’m not sure what the future holds for that.
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Buying memecoins & low ranked altcoins is a big risk but if you can allocate a small % of your portfolio to certain altcoins & memecoins it could be a calculated risk worth taking that pays off handsomely. Obviously everything carries a risk, it just depends on how comfortable you are carrying different levels of risk.
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