You don't have to be earning $1m before you be rich you can have that amount and if you don't have a good investment platform it's very possible that you'll return to the broke stage you left. The importance of investment is so clear that I get shell shock when I found out many people don't even have an idea about that talk more carrying out. For instance covid-19 took everybody unaware many lost their job, financially people and organization was affected, but let me tell those who had a good investment platform will not be affected that much, many think you need a huge amount of money before they could consider doing investment.
You can stay with a little but if you can discipline yourself couple with you having a good investment platform that implies you're already planning for Future.
The role of investment can't be over-emphasize, we all should cultivate that habit and most importantly we should read to k or consult an expert so you can be assured you're doing a nice investment.
I think you meant "financial" stability. Not economical. Anyway, you are correct. Investment is important. Without investment, you will likely suffer and will have to work forever. Investment does indeed build you future and will help you to retire early. Savings are not enough! You saving won't appreciate in value in the long run. Better to put your money into something rather than keeping it sitting in the bank (and banks making all the profit). Start investing from now. After 20 years, you will be eternally grateful to your self. |
|
|
|
why I call it a ponzi because late comers pay for the early adapters with their cost of bitcoin is almost nothing
in early days of bitcoin people just mine it for fun........
why I call it a bubble have you ever seen any investment can start with almost nothing and went up all the way to over 60,000 dollar per coin in a decade time?
even if you count it from $1 per coin to over $60,000 that is over 6,000,000% return in investment
what do you think?
may be it is just my silly thought....
please comment. thank you.
You clearly don't have any idea of what a ponzi scheme is. According to your definition, then each and every kind of investment is a form of ponzi scheme. Late comers pay for the early, hence you have concluded that bitcoin is a ponzi/pyramid scheme? Then what about gold and other precious metals? Those who mined and bought it early, got it cheap and now people people has to pay more than it was centuries ago. So gold investment or anything similar is a scam? Lets not talk about the bubble lol. Good returns according to you is bubble? The price of bitcoin started from nothing because it is a decentralized coin and no one decides the price. So it started with nothing and as demand started to increase, the price also started to increase.
may be it is just my silly thought....
please comment. thank you.
Yes, your silly thought. |
|
|
|
Hello to all! Another topic about casinos and games. I started playing at the Stake.com quite often. At the very beginning I thought I would just play in the evening, but one evening turned into a constant game during the day. On the first deposit, I was lucky and I took out a little, it was x3 of my deposit and I was happy. Recently, I just started making stupid deposits and trying to win something and I understand that this is self-deception, but I cannot stop and make more and more deposits. I decided to make the 1st level of VIP, but for this I need to make a turnover of 10k dollars, but I am a player with low stakes and this is difficult for me to do. You seem to understand everything that you will lose, but you go to play again. How to get rid of gambling addiction?
Isn't this what gambling is all about? You will lose or you will win. It all depends on your luck. Got lucky? Then stop playing and take your profit. Got spare money and can afford to lose? Then keep on playing as long as you are enjoying. Gambling is not about making profit, its more like having fun. Cherish those adrenaline rush. Think of profits as an optional bonus/reward and loss as a form of payment for the entertainment. If you are addicted, and you realize that its harming you, then speak to someone who can help you. Before that, talk to stake support and tell them disable your account. |
|
|
|
Bitcoin is known as to be the biggest cryptocurrency. in some countries it can be used to purchase goods and services and some see cryptocurrency as a threat.
if Bitcoin comes to be number one currency in the world today, can it be hijack by the government?
They can't do anything or modify or jeopardize the bitcoin blockchain if that's what you mean by hijacking. Bitcoin is decentralized, hence the government can't bring full control over it directly. But, they can somewhat control/manage bitcoin by imposing strict policies and regulations. They are doing this as slowly as they can so people don't notice. Look at how candidly we could use bitcoin few years ago. Everything was straightforward with no complications. Now with government intervening, things are getting more complicated and we no longer can feel the same freedom that we had few years ago. But, whatever is happening, lets think its happening for the best. |
|
|
|
|
I guess people mostly use Desktop or laptops to gamble and only few gambles through their smartphones. If smartphones were dominating device, then I am sure every casino would be focusing on mobile experience rather than desktop/laptop experience. But we see quite the opposite. And I guess only few people who gambles for fun are the ones that uses smartphones. And you need to control yourself. Looks like you are addicted to gambling or something. Who gambles while waiting in line for withdrawing money. You probably should stop gambling from your phone for your own good!
|
|
|
|
-snip-
1. buy ipo/ico
2. buy coins and token before token burning
3. buy top volume coins
4. buy bitcoin befor halving
1. ICOs are very risky (are they still a thing?). The trend is over and you won't likely make profits like you would be able to few years ago. 2. Not always true. Look at how many shitcoins apply these techniques and still the price keeps on dropping after "burning" tokens. 3. Volumes can be manipulated. 4. Now this is something you should be doing. Not only before halving, if you wish to maximize profit, invest whenever you can afford! |
|
|
|
|
Sorry to disappoint you, but there is no such thing as safe strategy. All "strategy" that you will be taking has at least some sort of risk associated with it. If you choose a less risky strategy, you will make small profits, but very slowly. On other hand, if you take high risks, you will may make huge profits in very short amount of time, but you should keep this in mind that you may lose everything within short period of time.
If anyone says that he has a "safe strategy" or "risk free strategy" in trading or any sort of investment, then highly likely he is lying or trying to scam you.
|
|
|
|
|
Not sure about all these new Defi coins, but kinda sounds like they all are just trending and once the hype is over, the price is going to get dumped and most of the people is going to make huge loss. The way the price got pumped up by 400%, in the same way, the price might get dumped.
If you think you have done your own research and see that the cake coin is actually worth investing and has good potential, then go ahead and invest. If you want to invest just because of the trend and make quick profit, then think again.
|
|
|
|
Hello,
Currently, 9,193 cryptocurrencies exist and a wallet couldn't support all of them. Some of that coins are inactive, but if a coin is active, but don't support by a wallet, then how can I have it?
How can I find a Token or Coin protocol? For example, what is the protocol of the SHIBA INU?
Any website exist that provide reliable forecast service?
Thank you.
9,193 crypto currencies and 99% of them are shit coins. So you don't need a wallet that could support all. All well established coins have their own wallets. If you still want to invest in those shitcoins and looking for a wallet, go to their website. You will find a core wallet provided by the dev team. It is impossible for them not to have any wallet but are active. Or if you are looking for a thirdparty wallet that will support all coins, I doubt you will find any. |
|
|
|
|
Anything that isn't bitcoin (includes forked coins too), are called altcoins, but they all are crypto currencies and mainly powered by the blockchain tech. Both are different. It is like comparing apples and oranges. Altcoins and bitcoins have features and protocols that makes them divergent. Each coins has their own use cases and unique feature unless they are one of those shit/scam coins which are usually clone of some currently well established coins. Those shitcoins have nothing unique to provide and are made to pump/dump and scam their investors. On the flip side, well known different altcoins each try to provide solutions to currently existing problems with bitcoin in their own ways!
|
|
|
|
One world currency sounds good and it's happening as the marketcap keeps growing. It's also a digital gold that could surpass the marketcap of gold in the future. Currently we are still at number 8, but we know how fast bitcoin could pump since its our currency, so maybe soon we will be in the top 3 before we get to the top 1. That has been my dream and I think it will come into reality in the future.
You think having a high marketcap is going to make bitcoin "The One World Currency"? Nope. Market cap means nothing. Look at what happens when the network gets heavily loaded. Slow network confirmation. Crazy fees. Now imagine, when the whole world starts using it. Network is going to get insanely overloaded and be prepared to pay hundreds of dollars as a fee for quick confirmation. Bitcoin isn't ready to be the one world currency. There are flaws in it. It is best suited to be used as a store of value. |
|
|
|
How does companies that hire participants for signature Campaign to their money to pay participants, since we are no seeing them and the place of their site, ok, does it means as many as companies that is here get the same amount of capital or finance to pay their workers or their is another source money come on their way to payup the participants that work on their name.
I was told that signature or avatar are the symbols of Companies here, so without clicking on the signature or avatar they won't generate money, please I need more clarification, because some companies don't have avatar like one monero signature campaign, so how does it get finance for payment.
By company, I guess you mean projects? They have budgets placed for advertisement and signature campaign. They either pay from their own pockets (sort of like investing in a business with your own money) or they raise funds from investors (either privately or publicly) and use those funds to promote and develop their project. Not sure what you meant by "they" won't generate money. You mean the participants? If no clicks your signature you still will get paid. If you are talking about the projects, makes no sense what you are saying over here. |
|
|
|
|
They are just going to implement the blockchain tech over here. A centralized coin, controlled by the government, fully regulated and nothing different from the current electronic transaction system (cashless payment system). They will be the same as the fiat currency, with the only difference being that the government can track each and every coin without much effort. Keeping their people under more surveillance.
As far as I have heard, China is already done with their digital currency. They are supposed to be launching anytime soon.
|
|
|
|
Hi there,
First, a little about me. I am a first-time investor to crypto. However, I have had a few stocks (Roth IRA stuff) and tech stocks and overall have made the average 8% return over about 8 years. I now have 150,000 to scrape together.
Principles: I have a high risk profile. I am patient up to 10 years. I could buy and hold. I do believe this 2021 is a once in a lifetime year. The gains next cycle will be much less in 4 years.
I do believe that earlier is always better. Did I say I have a high risk profile?
I have a few specific questions and I know it's just your opinions.
1. Starting today on April 10, 2021 if I invested 150k in bitcoin, how much do the gurus expect me to have in 1, 2, 5, and 10 years? Like would any idiot who just invested today and didn't sell expect a 5x increase within the next 10 years?
2. I would use dollar cost averaging, but over what time horizon? Invest 150k over the next six months? Or just invest it all today since we all know it's going up?
3. I could withdraw the old retirement fund and get the initial investment up to 300k. Would you go all in using that? I would not have much of a backup plan for retirement if this is the case, but like I said I have a high risk profile. I do believe this is once in a lifetime.
4. If I want to pursue some alt coins, and again, I have a high risk profile, what % mix would you recommend? 33% alt-coins and 66% bitcoin, or 50-50, etc?
Thank you!!
1. You are asking a question no one can answer. You maybe making 2x or 15x in next 10 years, or maybe make nothing and lose everything (highly unlikely but still a possibility). But if bitcoin still exists and is more everyone is more friendlier towards it, then in the long run, you will be making some very good profit! 2. Maybe invest it over the next few months? Every time you see a small dip, buy some to maximize your profit. 3 Do you need to? Even though you have a high risk profile, it is not wise to take risks that might ruin your life. 4. If i were you, I would put most in bitcoin and some in altcoins. Maybe 25:75? |
|
|
|
We remember that day when the news came out. BTC shot up from $38K to 44K and to 48K the day after. People expected an avalanche of big companies to buy BTC. So far it hasn't happened yet it seems. We have seen news about some companies around the world buying crypto but they were not "big" big players like Tesla. Do you think corporate buying so far was not as big as we expected when Tesla made the news?
Not every "big" players are willing to take such huge risk. They are probably waiting and observing how Tesla is managing stuffs, before they themselves dive into bitcoin investment. We just need to wait and watch too. At least other big companies are now thinking about integrating bitcoin/crypto currencies into their system which is a good sign. We don't want them to just invest. We want them to use it as a regular currency and allow people to spend it on their platform. We have been hearing about VISA willing to integrate and become a bitcoin processing gateway, lets see how that turns out. |
|
|
|
XRP's pump seems to be at odds with reality. It's like the ultimate shitcoin (well, in competition with BCH and BSV for that title), and its in the middle of an SEC battle. The sub-20 cent prices it hit a few months ago made sense. There is no fundamental reason xrp should be a top coin or even in the top 100, and yet it is hardcore pumping this week to over $1.
Is this just cuz the xrp army or whatever they call themselves are full on tribalism and are doubling down, or perhaps better described as "dumbing down", due to thinking their "tribe" is being attacked? Cuz I mean xrp serves no purpose, the company itself operates for the purpose of bank payments, not user payments, the cryptocurrency is entirely centralized and controlled by Ripple and some banking nodes, the company I think still owns the majority of the tokens and the founders themselves alone own a significant amount of the tokens, the sale of xrp was clearly for fundraising for the company which makes it a security which is what is going on with the SEC law suit, as far as I'm aware banks that use Ripple don't even need to use xrp for settlement as Ripple has other means of settlement for banks, and its pretty obvious that later this decade when countries switch to CBDCs there will be no use case for Ripple as a business. Oh and let's not forget there are plenty of other coins these days that can do as many transactions so the high throughput is a moot point now.
Looking for serious answers. I wouldn't touch XRP if my life depended on it so it has always confused me why some people are so obsessed with it when it clearly will not ever be used for payments or replace bitcoin or be decentralized or be the thing that all banks use or any of the things xrp fans say it will do. I mean granted it is still less than a third of its peak price from three years ago even though it is all pumped up now, so that makes sense, but why are people pumping this coin to a dollar when a few months ago it was on a natural and well deserved trend back to single cents? Is it just like a super pump and dump coin, people just like to use it for trading? I mean anyone who has had it since its peak a few years ago would have been much better off buying lots and lots and lots of other cryptos, hell they'd be much better off just holding fiat. What's the point of holding onto and pumping an obvious shitcoin that now has serious legal troubles?
Everyone is just betting on Ripple. They believe that ripple is going to win the case and then the price will skyrocket. Hence, people are investing as much as they can. There are shills that are promoting bitcoin. Even Ripple are sending (obscure) hints that they are winning the initial war, hence creating a hype. FOMO is what currently causing the price to get pumped. At least that's what I think. Ripple and their supporters/shills are trying their best to make people hold/buy XRP and not sell them. If massive dumps take place, they know people are going to lose fate completely. |
|
|
|
This problem is not new or particular to crypto or bitcoin. The same applies to fiat. Although bitcoin was created to solve financial problems I'm afraid this one hasn't been discovered yet.
-snip-
So you are saying that bitcoin was created to solve "financial" problems but the solution still wasn't discovered? What financial problems was it going to solve? Poverty? World hunger? No it wasn't invented to solve all these financial problems that you are thinking about. It was just created so that we can control our own finances without central authorities interfering. And this is what most of the people don't get. They think bitcoin is miraculously going to make everyone who are holding rich. Stop thinking like that, and maybe we will be able make bitcoin even a better currency? |
|
|
|
Following the current trend of XRP, irrespective of SEC bombardments against her, XRP still holds it ground in crypto arena. Imagine XRP wining the suit against SEC then XRP dethroning Bitcoin in the nearest future will be inevitable. Just saying!!!
Keep on dreaming. That is not going to happen. You know how XRP is still holding grounds? It's because of FOMOs. People think that ripple is going to win the lawsuit. They are betting on ripple. They know that when ripple wins, the price highly likely will skyrocket. And Ripple is also doing their expedition. They are making sure people don't dump their coins. Look at all those "announcement" they keep on making to keep peoples faith on XRP. They even did "competitions" on different exchanges to keep the volume up. Even if they win the lawsuit, there is no way XRP will replace BTC. What if ripple gets into trouble again in the future? |
|
|
|
-snip-
Are they willing to accept Bitcoin as regular source of payment in the form of salaries or bonus offered to them by companies? Although the retail investments in Bitcoin is growing with popularity and prices surges during this pandemic period but still a large percentage of people prefer to have stable income in form of fiat.
-snip-
Share your opinions on this one.
I doubt they will want to accept bitcoin as a regular source of payment. Bitcoin is currently more of a store of value, then a currency that can be used as a regular coin for making daily life transactions. There "are" flaws that needs to be fixed. Look at how crazy the fees become when the network is underload. Lets not talking about how slow the network confirmation becomes if you don't pay "premium" fees. Bitcoin wouldn't be idea, but perhaps some other crypto currencies might suit better? |
|
|
|
Hi, I am looking for other sites that people trust that allow player to player transfers of bitcoin.
Sites I currently Know and use...
Stake.com
Bustabit.com / Bustadice.com
SwCPoker.Club
TIP.CC (discord)
Thanks!
I guess most of the casinos where you can chat will allow you to send tip to users. If you haven't, try Crypto.Games. You can send tips through chat if you are a registered user (minimum tip amount applies). Just letting you know, most casino won't like it if you try to abuse their tipping system for farming or whatever reason. They will likely notice it and shut your account. Though most casinos require you to tip a minimum amount that is almost equivalent to their withdrawal amount just so that people don't abuse it. |
|
|
|
|
Show Posts
