It's good that you've posted the list to inspire other people, but the methods outlined have different nuances.
Daily trading - is a very risky activity, not recommended for newbies who do not have extensive knowledge BTC mining - it is seldom profitable if you don't have access to cheap electricity and deals on mining hardware Investing - again, it requires experience and skills Yield farming - you're exposed to another set of risks. Tether - counterparty risk, smart contract hacks, exploits, etc. Airdrops - a lot of time wasted and could end up getting nothing in return - is a job better? BTC surveys - again, is it better to find an entry-level job somewhere?
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Monero is a renowned privacy coin. Hopefully you are not intending to do anything illegal. You know, it is much better to pay your taxes and sleep peacefully at night. Money is not worth your integrity and peace of mind I assure you.
On the other hand you might just be a more private person who does not want to leave tracks - because you deal with sensitive matters. The purpose of this message is not to judge you, not at all...but to warn you that if you're doing it to hide imoral activities - it is probably not worth the toll your mental environment will take.
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"How many persons loose in a trade, and then go back to find out why they lost, and the mistakes they made?"
The answer is few, but even of those that do follow-up on their mistakes many end up giving up trading usually because it is too frustrating and cannot come to a resolve with their emotions. That's exactly why trading is so hard. It requires of a person to be both knowledgeable about whatever type of analysis he is applying, risk management and in control of his/her sentiments and psychology which is a huge obstacle.
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There is no real use case other than as a meme, it is used as a pump dump coin from whales. painful enough, but even $1 is a pretty tough number to doge. Unless they make a breakthrough and get Doge into a great use case I'm sure there might be some hope, but at the moment it's almost impossible to break that number.
Even if they get a usecase, why would someone use dogecoin instead of other cryptocurrency? I know I wouldn't because a currency that contains the word DOGE and has a shiba dog as a logo does not inspire me trust.
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This is what is called wishful thinking. It is hardly likely for DOGE to even survive in the next 5 years, not even talking about multiplying thousands of times. My arguments are below:
1) DOGE is a meme coin. 2) It does not have a hard-cap on its supply like Bitcoin. 3) I haven't seen any institution touching it.
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I'm not really sold on the idea of why a digital EURO (crypto) would be better than the actual virtual currency (numbers in a bank account) and cash system. Bank accounts, cards and internet banking makes our method of payment easy and effortless while cash payments offer us a certain degree of anonimity. In order to analyse this properly we must ask ourselves what would be the benefits of using the blockchain technology instead of the current bank system: - Cost effectiveness - probably more for banks and not for end-users - but could translate in certain discounts for clients as well - Transparency on government transactions - this could finally be a solution to the corruption present especially in today's political systems\ - Smart contract functionalities - I don't know about you, but taking a loan using a smart contract sounds enticing to me. I cannot think of anything else right now, but I'm sure there should be more benefits. However it shouldn't affect our lives too much even if the EU makes the transition to a cryptographically generated currency.
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In an ideal world, governments should serve the people. If people do see the value in Bitcoin and cryptocurrencies they should find a way to implement it alongside or as a replacement for the centralized fiat money. I'm sure that massive protests will be organised around the world if big governments ban it especially now, that the level of institutional adoption is getting traction and blue chip companies like Tesla start accepting it.
The more appropriate question is: why wouldn't bitcoin last for infinity? After all it is the most evolved form of currency we possess as a humanity.
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Being new to cypto i'm not sure how my coin allocation should look. My current portfolio allocation is 50% BTC, 35% LTC, 15% ETH does this sound ok?
You can't be "sure" of anything. I haven't heard of someone who has a crystal ball yet so don't take anyone's word for it. There is no correct way to build your portfolio, but instead yourself a lot of questions like "Why do I hold 50% in BTC and not in altcoins?" or "Why is my LTC allocation bigger than ETH?". Take responsibility for your allocation, do not try to blame others by following their opinion - just my advice.
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Good news and it is expected that many more companies will follow the example. A more than 20% dip is sufficient to lock-in a relatively good price.
Mahoney's quote is pretty self-explanatory: “In the current economic environment, we believe bitcoin offers long-term stability and liquidity while maintaining the value of our cash for future investments.”
We are in a trembling economic situation, but a recovery phase is ahead of us if the virus does not produce other suprises. It's logical to not hold cash or assets exposed to inflation when the governments print and control the fiat money supply.
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I think materialism is about wanting things you don't need to "feel good" or to impress other people. Accumulating wealth is not materialistic, but part of human nature to achieve freedom. Yes, freedom can be interpreted. Some might argue that freedom means the free will we all have to make choices no matter what our circumstances are. IMO we should make a difference between spiritual freedom and financial freedom.
I agree there are many materialistic people in the world and the trend is surely raising with the massive amount of products that are being created and social media boasting. Bitcoin isn't contributing to this though. If you ask me it is quite the opposite. We all know there are people who sell their material stuff (cars,watches, consoles, etc.) to purchase an immaterial form of money.
We can ponder if it is really a matter of greed or of increased financial education and that cryptocurrencies are the way to go forward?
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Keep up with the studies and the job. Knowledge is the best investment you make ever. Not even Bitcoin's > 200% average annual return is no match for applied knowledge. The job should keep you away from touching your bags. On a more long-term note, I see the infrastructure is consolidating around Bitcoin. My personal opinion is that this growth will keep up. No matter how much I ponder, I can't find a reasonable reason why Gold should have a higher capitalization than Bitcoin.
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How do you track the price of SOV? I searched it on coinmarketcap but there is not data to update, I don't know if the price update had been listed on coinGecko, I will be glad to see it listed there. I don't think CMC established any data connection for price, but I'm sure it's coming. Sovryn is inevitable Meanwhile there is a very pretty way to track Sovryn price on the official dapp: https://live.sovryn.app/trade - but only against RBTC as far as I know.
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Bitcointalk Username: ChrisPop Current post count: 3801 Merit earned in last 120 days: 2 ETH wallet [Address Must be from MetaMask wallet]: 0xF49f4c935a7D659a851b38752E2b2Dc1b019663c
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I'm quite sure that Bitcoin will replace Gold as the main proof-of-value/hedge solution in times of crisis soon. You see... the psychology of humanity is starting to change. Gold is so praised because it held its value through crisis for thousands of years. But remember... past performance is not indicative of future performance. Together with the abrupt technologization of the society changes are produced at psychological level. Many traditions are no longer respected, new "traditions" take their places. This is how evolution works.
Gold is not that scarce - we don't know how much more is there to mine on Earth, how much are we going to be able to recycle in the future or if we're going to be able to synthesize it labs or find it on other planets or asteroids. Gold has its value, I'm not denying it, but Bitcoin, especially at this price in my opinion is a no-brainer choice.
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Economically speaking I believe we now do possess the technology necessary to create enough abundance for all the people in this world. Yet, we do not have competent people to apply all the technological wonders humanity created. Through capital allocation people and governments (which are composed by people) "enforce" in a smaller or higher size their view of the world. The thing is we do not have enough wealthy people with courage and kindness. Many people go on the defensive side when they become rich enough and stop innovating. I'm not saying that is not alright, but there is a lack of people with a good, healthy vision of the world that also possess enough capital to make a meaningful change.
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First of all I think we must start by making a distinction between trading (which is basically speculating about the price movement of a certain asset in a set timeframe) and investing which is a more fundamental-based approach where you put your money to work for the long-time. Some will argue that investing is simply trading on longer timeframes. Well, that's not true. When you're doing intra-day trading or even swing trading you're basically betting on one part of the market forces being stronger than the other so you are exposed to the random players that enter and/or exit the markets. You've got to be extremely careful when you define your activity.
Holding or investing in Bitcoin has been proven to be profitable on the medium to long timeframes, but remember that past performance is not necessarily an indication of future results.
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I think this could be a double-bladed tweet. DOGE could be on the "moon" now, but that could also mean that it is way overvalued and Elon is intrinsically trying to express that, but we all know he likes to entertain the crypto twitter. DOGE does not have a future if you ask me. Cryptocurrencies which do not provide actual value to the market will perrish or are going to become a niche market like penny stocks.
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Well, this fact is pretty obvious. Bitcoin enables its users to make almost instant transfer from one part of the world to the other with insignificant fees. Especially when you're making transactions worth millions of dollars, a few bucks in fees is basically nothing.
The average joe is benefiting from this feature as well. Some might argue that the transaction fee on Bitcoin is sometimes too big for normal day-to-day transaction, but we all know that seldom happens. Though, I am confident that Ligthning network will solve this issue.
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I see your perspective, but it is not quite accurate. You see satoshis are a subdecimal part of a Bitcoin. It is mathematic rule that a whole can be divided in more parts. 21 million Bitcoin is very scarce for a raising global population of over 7bn.
Satoshi is a good measurement unit for when Bitcoin will get to very big numbers.
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