We are in a bear market where 90% of all altcoins have lost 98% of their value, now is when millionaires will be made, I suggest you should do research and find alt gems that can bring you 70x that you seek for, you can end up getting more than that who knows? 100$ can bring you 40,000$, it has happened so many times before.
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the best way to deal with this is start buying BTC every week, maybe on Mondays? This way you will feel better.....remember, when people are calling for the exact same thing the opposite always happens.
My people always says "Nah who get food to chop they save" (Its who, who have food to eat that will save for investment) Everyone has he or her own strategy of buying and holding btc, as for me buying btc every there and then is not a best option and 2ndly the fund which we use in buying the btc where are they stock. what if the price go down below what they actually where before your first purchase?. At my current status unless miracle happens btc is the last coin am thinking of buying currently, because it will make no meaning or add no much value if i buy btc worth 100$ now and when btc hits 25k$ i will only make small or very little % of profit. i preferer accumulating other altcoins like matic than btc BTC is a more reliable store of value than Matic, you said what if BTC falls more so I will ask you what if Matic falls even more because that's always the case with altcoins when BTC loses more value, if BTC loses 10% altcoins will lose 20% and more, there you have it, altcoins have the biggest risk.
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I have been disbursing more time on FortuneJack this days since it's been suggested to me on this forum but a question pop up in my head today and I think its better to ask, (1) Binance exchange has collateral fund in case any hack takes place or users lose funds, is there any gambling website that has the same just in case? (2) is there any gambling website that got hacked and reimbursed their users in the past and they still functioning till date?.
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Can free NFTs still make you money? I don't bother to claim free NFTs anymore because I have many that has no good use and value, also NFTs is tanking right now than shit coins, do you still claim free NFTs and are they worth anything? Maybe NFTs will make a comeback some day?
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We are now in a era where scam devs don't care about anonymity anymore, now they aren't willing to hide their faces, they will come out in the open, throw you some videos on YouTube and still run away with your money, if you are a newbie you need to have the following in mind when researching projects.
1. Visible team members don't mean they are scam free. 2. A audited smart contract project can still scam you. 3. Scammers can spend a lot on their website to make it look attractive just to make you invest your money. 4. High volume on the listed exchange doesn't make a project clean from going scam.
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It depends on your understanding about shitcoins, do you know that Doge coin was once a Shitcoin? Years ago if anyone give you advice to invest money on Doge coin you will hear people saying its Shitcoin do not invest, the same transpired with Shiba inu, the era of meme coin or let say HYPE is over, I don't think this will do so well in coming future but there will always be copy cats of trending use cases at the time, that's where real shit coins are born.
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This game comes free with my first windows XP PC I got years ago, its been a long time but mehn the game is so addicting, I don't know about any rebrand of this franchise until now, I've been so busy with today's graphical intense games but the fun part that older games brings are missing, judging from the picture OP dropped that's chicken invaders universe from interAction Studios in 2018, cool game, rated 9/10 and presently available on Steam online store. The bad news is I don't see this game on any gambling platform yet.
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My guess is that the OP associated first love and first coins as a charm that he will stay with for life. But for many here, Bitcoin was and will remain the first and last love of crypto. So your comparison is not very good. I can't imagine exchanging bitcoin for some shitcoin while watching it temporarily drop. OP, your problem is the rush. If you are patient and observant, you will succeed both in cryptocurrency and in your relationships.
My point was referring to every new crypto investors (newbies), as a crypto newbie my dream was to make millions from crypto and I knew its never coming from BTC, altcoins gives better returns on investment than BTC. This is what runs in every newbies head. It seems many do not really understand what I meant by the following Avoid getting married to your coins It means know when to let go, know when to sell and take profit, I held unto some altcoins in the past that did really well but because I got too hooked with the coins I failed to sell.
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A Huge respect for CZ of Binance exchange, I never knew that a blockchain project can be frozen that fast to stop the hackers who tried to steal 2M BNB worth 570M, by the way isn't that centralised and more vulnerable to government bans?
Bitcoin won my vote for life as it can never be paused this effortlessly and hastily. At the same time CZ saves the day, again. Around of applause 👏 for this smart leader.
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There is 95% possibilities that you won't end up with your first love, it happened to me and I am sure it has happened to millions of people out there ( thinking no one will ever be like her) we always fell in love with our first loves but we ended up with another.
The fact is we had no experience at a very young age, we haven't been with two or more people ( can't tell the difference) before deciding to settle down with one, this is the same case with crypto investment.
As a crypto newbie the first time you invest in crypto coins it's easy to build this type of commitment with your coins ( hard to let go ) and that's when you will be seeing Hodl Hodl Hodl news and advices here and there.
The point of my post is never ever get married to your coins, I have made this mistake as a newbie in my past years and I have learnt that there are many differences between a project and another.
Invest only what you can afford to lose.
Be willing to switch to another coin if your present one goes silent, no update or no constant development, no crime in this.
Lastly, treat coins as an investment not as your wife.
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Stop waiting for 10k per BTC, it may never come to pass and you will remain a sitting hand until the bear market is over, no matter how accurate a trader market strategy may be they can't always be precise, take advantage of every dips and resist going all in, this is now a case of what may or may never happen so be prepared for both sides, keep stable coin and also buy some BTC in the dips.
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Do not trust Do Kwoon, he is doing exactly what a criminal that has been chased to the end of a wall will do, what do you expect him to do than to start denying that any funds belonging to him is been frozen? He knew he is guilty that's why he failed to surrender himself for proper questioning.
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Your advice would be wiser if you would advise people to stay away from investing heavily in stablecoins. Investing in stablecoins will have a negative impact if a big problem occurs in the market, just as happened to Luna, as the collapse of the Bitcoin price led to a lot of chaos in this market. The same goes for centralized platforms that actually own your money.
Buying stable coins shouldn't be considered as investment, it's like exchanging your Fiat to Digital, how about going for stable coins from projects that has enough collateral funds on ground to cover for any unexpected loses? I'm saying this because that's why I choose Binance exchange BUSD.
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and for beginners, if you invest in crypto, don't go big right away, especially if you have little knowledge, at least invest first while learning everything little by little.
don't rush into investing, especially in crypto, Don't be tempted by the lure of getting rich quick.
because investment is basically an investment in valuable assets, to get a profit.
invest carefully, carefully and must continue to explore the knowledge.
It took me 6 months before I started buying coins, I used the whole 6 months to study crypto and blockchain, I wrote a lot just for reminder sake, how wallet works, how to make safe deposits on crypto exchanges, how mining coins works etc, I was never in any rush and I believe this is why I understand crypto faster, every newbies should do the same.
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Why aren't gambling websites using bug bounties to test-run their platform security? I haven't seen any gambling platform doing this, maybe that's why most gambling websites became prone to hacking? If I am wrong what gambling project do you think have the most secured system?, peace.
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You all need to do research on Kim Kardashian's net worth before saying anything, it's like asking her to pay 70$ out of her 100,000$ bank account, SEC is forming like they are protecting us but that's not true, this is way too small to make her think that it's wrong to promote crap projects if she has another chance in the future I bet she will take it, again.
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I am never going to accept the advice of not mining as a newbie, who told you that you need to be a crypto professional to start crypto mining? The tastes thing a newbie can learn about crypto is mining, I bought BTC miner before knowing anything about crypto investment and trading and I've never regretted that decision.
1. Is the miner profitable? 2. Do you have cheap electricity bills?
These are two things anyone should understand before buying a miner and the answer can be found online using google search engine.
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I have been saying this since last year that we need a decentralized privacy streaming platform like Youtube based on the blockchain, there won't be any form of censorship and bans, the Youtube platform nearly died off in the past before it survived I don't know why we haven't seen a blockchain-based YouTube like service yet. Twitch isn't that great for content and the majority of the users are from Youtube, both Youtube and Twitch have hate on gambling and only blockchain streaming service can come to the rescue.
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Writing seed phrases on paper is the simplest and most secured way of keeping your keys safe, this practice is 100% offline so there is no chance of revealing those valuable words to sneaky eyes.
You are right that paper easily gets destroyed but there are ways to secure your paper, it's better to use a book instead and store that book in a safe with lock or key combination lock.
You can also carve the seed words on a iron like steel, and keep the steel in a safe with a security lock.
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Your focus as an investor shouldn't be on the exchanges the tokens are listed on, few projects started their journey on small exchanges like BigOne exchange and ended up on better exchanges later, small exchanges doesn't or shouldn't define how good a project is, focus more on what the project is all about, what the team are trying to fix in the crypto world.
Do not buy tokens and coins because they are listed on big exchanges either, you need to do your research first, there are cases in the past where the Binance exchange delisted a few altcoins, imagine buying altcoins because they are listed on binance, it's wrong investment approach. Always DYOR.
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