I think it would depend on the crypto influencer you are following. I know that some crypto influencers dive into suitable projects and even promote them even if they are not paid because that's how good the project is. Of course, there's a side note in which they are doing it because they are also holding that token for their sake but as long as you understand the discussion the influencer presents, make your personal decision whether you will follow it.
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I think that's the easiest way to put a sticker over something, but for sure, other methods would help you remember.
Like keeping it in two different places, once you have identified the other, you would be sure of the other.
The pin shouldn't be the same for the devices because you wouldn't be able to check it right away. But at the same time, you can have the same pin, but you could install different apps for each device. For example, device one would have BTC, ETH, ADA. Device 2 would have ETH, XRP, BNB. Something like that.
Would you have multiple apps installed for that?
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The point of cold storage is to never ever go online. This also means no more updates. Isn't it applicable to air-gapped laptops that you can update offline? Like, download it into a flash drive then just update the software? I was thinking of the same thing when it comes to air-gapped phones. So updates don't necessarily mean connecting online.
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Everyone should know that there is no perfect strategy, and you cannot get a 100% result. Life is too much of a complicated thing to be that kind of "perfect" or easy when it comes to different parameters in life. There are too many factors to consider when trading, and you cannot accompany it all, just the data in front of you. The best thing is the management of expectation and risk.
Averaging is one way to win in trading, especially if you want to hold it continuously. You don't need to be too concerned about the current price if you consistently buy the asset.
Confidence is built up in time, IMO. If you know what you are doing, then I think you are already safe with that.
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With all the fact checks and clarification by other members, I think the best thing we could do with this knowledge is to accumulate more. Imagine if it becomes more and more scarce and has become the staple for every country or every person in the world, it will be even more valuable. Best to believe in this because it has been seen ever since the creation of BTC.
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If you really need comprehensive data and insights into how they do it, you should not be too much afraid of purchasing the subscription. I think you need to weigh that you can recover the investment that you will give in a month or annual fees and start from there. I think if you can maximize the potential of having those on-chain data, then just go.
Maybe try the monthly first?
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I think you just answered your question because those are what most day traders are doing. I think it would also depend on what exchange you are in because there are possible things that you can do after trading, like extracting your profits and moving them to another wallet. For example, in Binance, there are multiple types of wallets that you have there. - Spot Wallet
- Funding
- Futures Wallet
- Margin Wallet
- Earn
There are more wallets, but I think it depends on your area and availability on where you are from. So I guess it's the trader's decision where they are going to put the profits that they made for the day. I would put it on Funding or just away from my spot wallet so my computation on how much profit I had for a longer time would be easier to compute.
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Better to invest in something more secure, like what mk4 has said; having a hardware wallet would be the best decision you'll make when you invest in the cryptocurrency world.
Thanks for sharing this OP; I was pretty comfortable knowing that air-gapped phones are safe, but I'm not so sure now. It's hard when you do updates. It might have become the entry point of hackers etc. I hope somehow you can recover some of it or something.
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Maybe you can try for a few months and check the overall results. It would be fluctuating, but you don't have to overthink where to bet; just how much is the question. Sometimes results are deceiving. I also remember some tipsters before just playing around the odds of 1.5 and 1.6 which for me, not a good reference when doing a pick especially when they called it as premium pick or paid ones. These kind of lines are considered having a good chance of winning although it's not a sure one. How can the results be deceiving when you yourself are going to bet on it? What I meant in my post is that you check your result over a month and see if you are profiting from it. Not the results published by the tipster provider. There are also tipster that will just give a tip without even supporting their tips. I'm more prefer of seeing good analysis beforehand even they don't predict it correctly at the end compare to just giving random tips without explanation.
How would you even know if they are not supporting their tips? I don't think they publish their bets though but there's probably a reason why they are choosing that specific bet.
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I did try a trial of it and made some money for a while, but after a few weeks, there were continuous losses that just got my capital. I didn't want to subscribe to that because it was just unlucky at that time. I think it's okay if you have the extra money to throw around that it wouldn't affect you in general. Maybe you can try for a few months and check the overall results. It would be fluctuating, but you don't have to overthink where to bet; just how much is the question.
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Have you tried looking for blockchain developers? I think there are some people here in the forum who offers their services (of course for a fee), and they could create your token and all. Why not take that? At least with experienced developers, you would know that you can be successful in making it without any hiccups.
Why haven't you thought of a popular chain to use, though? For sure, you have choices already.
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Any official websites that you could link to or something? Or are you just hyping this?
I think in order to beat ETH, you need to be better and more popular. I think this coin wouldn't match up to its market cap in a long time.
What is the other basis that it could go up? A lot of coins have challenged ETH but it's not yet being over taken though.
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I think if you intake too much information from the internet, whether it is in video format or article, it's going to be your decision at the end of the day in where you are going to be placed into if you are long or short (if you are trading futures/margin). System overload can happen, and it's up to you what to do. Having too much is not good, and there might be overlap with the knowledge, and there could be conflicts.
It is better to stick to a strategy that you can do for a long time and be consistent with it.
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Could this be one of the catalysts on why bitcoin is going up? Because it has increased a lot in the past few hours and probably many people are starting to convert their fiat and I try to preserve the value when using crypto currency.
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I think it's not because of investors not being severe, but it's about the lack of education for security purposes.
Imagine someone investing in crypto because of a referral, and he has money to lose, and then he is just off to buy one of the things he sees, with great marketing. Then he tries to the hype and sees that he could "earn," and then next thing you know, the curiosity and the lack of orientation on how people get scammed in the crypto space happens to him. He is then discouraged because he didn't know he was falling into a trap.
The best way is to spread security options and attacks and be aware of the possible approaches of scammers/hackers.
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With the influence of Bitcoin (with the blockchain technology), it's never too far away that Decentralized platforms were created. For that reason, people who understand it want to be decentralized. It's not just apps but also organizations that make use of it, and it's pretty intriguing TBH, and it's one of the best applications that we have in the world. Being transparent in all the transactions makes it even more beneficial for officials to use it.
I never heard of Zodeak, though. Do you have the official website?
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Any specific coin that you want to touch on? Not just, in general, the "2018" thing that you are talking about. I think the best way to be on top of the market is with BTC and ETH, that's for sure. Continuously buying BTC and ETH is not bad as long as you believe in the project and you won't touch it anytime or something.
I haven't seen gowithmi or anything related to that project. What exactly happened to your brother's investment?
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It looks like an exciting project to look into. The summarized way of making it look is an easy way to have a type of "signal" whether to be neutral or buy more BTC. Would you be integrating more parameters/instruments in the future?
I followed you on Twitter and Subscribed on Telegram. I am looking forward to your project. Good luck!
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~snip
This is good habit to have but tbh I never used it. I don't have much money but I keep it on binance. I know isn't smartes way but I didn't have any problem. It's still regardless. To be honest, it's not something that anyone could do but it's a great practice to do. Even if you don't have a lot of money invested in crypto, you wouldn't want it to go to waste, right? Like no matter what you could do it's still a good practice to have it stored in a safe location and you won't regret it either way.
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