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You say you are a physical store, what store are you?
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The two are not really comparable. Traders are playing a game of a lot of strategy and risk. Their risk is high risk, high reward. Miners are a lot more like laborers. Yes, there are examples of very successful blue collar workers, but the big money people of the world almost always end up being either the investors, CEOs, traders, gamblers or heiresses.
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you can choose to risk your money by investing in altcoins, which means you must be willing to lose almost all your money because altcoins can even fall to more than 80% of your value if something goes wrong, or you choose to invest in bitcoin for long-term, which will give you more security and comfort in the future. Diversify is very good, but you run a lot of risks if you invest in projects that are not good, my advice is that you just stay in bitcoin
Good advice for safe investing. Don't you think that its just as safe to invest in an altcoin as long as you don;t invest any more than you're willing to lose? I understand its a bit of a gamble, but when you invest only what you can afford to lose, then there isn't really that same detrimental loss if it doesn't work out. On the other hand, it has a potential to yield huge results. These are just my thoughts.
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I suggest you just hold coins from TOP 30 with big capitalization and product
This is a good idea. Research the top 30 and make tactful decisions. You should also keep and eye on new ICOs, and invest early, make your decision based on what about the coin appeals to you as a user and what makes it stand out - that usually yields success for investors.
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Honestly its just basic human instinct at the core: They see something they want, they do what they need to do to get it. Then, the same thing but in reverse, danger instincts say that when you see danger in the price dropping, you sell. Being a good trader is all about being able to do almost the exact opposite of what you're comfortable with.
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I think you'd need to start with at least SOMETHING. You'd need a chunk to try to plant in investments to hopefully see it grow.
Or just get lucky: bet like .0001 of a BTC on a casino and make a million!
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Beyond everything you mentioned, I respect the fact that its simply the responsible thing to do for a government to be skeptical of a system that completely changes/bypasses their current system. They need to be 200% sure it is a working, stable, life sustaining system. Even if they are supportive, time will have to tell.
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Is there an external link we can see for photos/more details?
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Perhaps trade 10-20 % into another currency? Ethereum has proven to be a good one for me.
Or for fun:
You could have some fun with it on a BTC casino gaming site too.
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Possibly a bull run, I think the world is thirsty for another big show after December/January. More likely were in some hot turbulence and it'll settle for a while, it usually takes something a bit more monumental to set off a rocket.
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Hands down it is most important to trade or buy into what you personally see as becoming big in the future, Maybe it is some promising feature of the coin, maybe its something about the structure, maybe its simply the name or company associated to it. Forget the charts, forget the live updates: A good idea executed well will equal great reward almost every single time.
And don't forget to hold. I'm not saying you need to forever, I get that its unrealistic. But hold until you think you would never be able to live with losing the money, and you don't care how much more you could have made.
If you're talking about being a very active trader, may god have mercy on your soul because the market wont. Its everywhere and technically impossible to predict. The only advice I can give you is that you move very cautiously, clinging onto every rise and jumping to the next.
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For me it started as an alternate payment method offered by an employer - I took the risk. Dabbled in ether as well. I really like the potential of Ether over BTC.
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Do you have a way to suggest future coins to be accepted?
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I like to do all banking/transactions on a disconnected laptop. It stores everything off line and I don't connect it to a wired internet source until the moment of transfer. Combine that with a good wallet (I use Jaxx) and you're looking at a pretty safe system.
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Very long term, I can imagine Doge being like an ancient beloved relic, a piece of history that represents a time when it was relevant. Hard to imagine it being relevent forever - but who knows. It was almost considered one of the originals, so anything can happen.
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This has a lot to do with the scope of the coin and your belief in it. If you believe in the mission statement of these coins and that being that they want to replace all traditional currency in the distant future, then investing now will seem cheap-as-chips in the long run. If you are looking at it from a short sighted investor-type view, then right now is debatably a good time to buy in.
That said, back to the original point of the long mindset of the future: Its like asking is now too late to start making money (USD or Euros) for example. If you believe in it being the future, its never too late.
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Technically speaking the era of cashless/all in one on a device like a phone is already here and the infrastructure is growing rapidly. Canada, for example, has widely adopted mobile debit and they are almost all tap enabled for Apple Pay, Android wallet and tap cards.
Interesting you mentioned using a phone. My main question is what will replace the phone for payment? They have their pitfalls; theft, loss, damage, non-standardized softwares... For payment, I can imagine a much more standardized separate device. The world is showing signs of already being sick of the phone being a one stop shop for every application of life. Perhaps a secondary payment standardized device? And secondly, trusting (for example) apple with your banking information and all transactions. We have millions of credit/debit cards, but they are technically all essentially the same. I can see the world going that route, a standard payment device, but not connected to a device you can lose, destroy, have stolen or hacked.
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5-10%, this is based on the fact that when I worked at my previous job, I saw all the corporate higher ups investing with high belief in it. They were quiet about it too. It just takes the general populous finally hearing about the big boys doing it on the regular to follow along, and that will create a tidal wave. I think 2 years is a realistic time frame for this!
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The specific hurdle you need to consider when using it as income is proper taxation when converting it to dollars or whatever currency you use. Keep a percentage invested in BTC itself.
Do tax "deductions" by calculating it on the go, and partitioning off 'deductions' into a high interest savings account that, at the end of the year, you can submit for taxes and have some left overs, almost like having a tax return.
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Prediction: The first countries to adopt BTC or any other crypto would be a place with a struggling economy that wants to jumpstart the heart, so to speak. Try something new.
Eventually I can picture world leading countries making forks of BTC (Like a BTAC USD, BTC CAD, BTC EURO, etc) or adopting it widespread. Blanket conversion would be in a long time, in my humble opinion.
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