But why do you want to make yourself to be involved in something that has risk. If you are new to crypto investing you need to know there is exit scams and 'rug pulls' that we so see many times.
If you want to take a risk for a new project you maybe will find out it is not a good thing. It is best to do your own research about projects that are still here in crypto for lots of years. Not a new project that you think will make you big profits very fast.
You are right but life is all about a risk. One can sometimes give a new project a trail with just a little you can avoid to lose. Alot of scam project are out there. So even with your research, you may still fall a victim of a scam project. Trying out a new project is just like gambling with a very high risk. No I do not think life is all about risk. Well not for investing in crypto it is not if we can get rid of risk then we have better chances to make profit. If we do our research then there is not a reason to become a victim for a scam project. If you do not know how to see if a project is a scam then just invest in top projects so there is no chance you will lose everything to scammers. |
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Well you need to be very careful with this cause there is many banks that do not like cryptocurrency. If it is a small bank it might not want to worry about risks associated with cryptocurrency.
I had to ask my bank if it was ok with me sending cryptocurrency from Binance to them. They did say it was ok for me to do that. But they also did say it was something new for them and the rules might change for me in the future. But for now the bank does not care.
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But why do you want to make yourself to be involved in something that has risk. If you are new to crypto investing you need to know there is exit scams and 'rug pulls' that we so see many times.
If you want to take a risk for a new project you maybe will find out it is not a good thing. It is best to do your own research about projects that are still here in crypto for lots of years. Not a new project that you think will make you big profits very fast.
We need to earn how to take risk or else we might lose so much in the market. There are so many bad projects in the market and if we don't stay away from them, we might keep seeing loses everytime. Rug pull projects are also in the market and taking conscious move when investing in new projects is what we need to make money from the market. The market is huge but it is always full of many bad projects. We can make good money from crypto projects if we are lucky investing in strong and liquidity projects. Well this is why to not take so much risk with bad projects. If we can not invest in risky projects where there is a chance for a 'rug pull' it will be better for our profits in the future. This is why we do not need to make any investment where there is risk like that. Just invest in a project that we have seen in crypto for alot of years so we only need to worry about risk of making profits. And not worry about risk of a 'rug pull.' |
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But why do you want to make yourself to be involved in something that has risk. If you are new to crypto investing you need to know there is exit scams and 'rug pulls' that we so see many times.
If you want to take a risk for a new project you maybe will find out it is not a good thing. It is best to do your own research about projects that are still here in crypto for lots of years. Not a new project that you think will make you big profits very fast.
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Well if a new investor did listen to this from 2 months ago he would be very happy. The price of Bitcoin is almost 43k so that is up more then 20%.
We still have some big things that is going to come for Bitcoin. ETFs and the halving in 2024 will make the price go up even more. And the FED did choose not to riase interest rates this week I think we are going to see some big profits even before the year is over.
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Yes even with my crypto I still must use the banks to live. I must pay off my bills and my rent and I can not do this with crypto so of course I need to use the bank.
I think there will always be a need for us investors to use banks. There is not going to be a time I can think of where crypto will take over the need for the banking system.
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Tron is the first name which comes to my mind as it has always been disappointment for me though I had given multiple chances but it failed miserably. It's better to go BNB and other top coin instead of Tron as the dev team is least bothered about further enhancement. XRP was once in the same list of altcoins which I wouldn't buy.
Yes I do agree with you here. The 1 that does come to my mind is Tron and TRX tokens. At a point I was very big on this project and its blockchain. I use to be a big fan and a supporter of Tron founder Justin Sun. The man was always in the news and he did look like a important person. He was in the news alot for things like his $4.5 Million dinner with Warren Buffett. But it now seems that Tron is not a altcoin that I will support because Justin Sun was charged with fraud and other bad things that did happen. |
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Well for alt coins I do think if you want to find the next initial coin offering for really fast gains it will not happen. I think those days are over now and we should only invest in alt coins with big marketcaps.
It is just a big risk to invest in new alt coin projects. We have seen so many exit scams and 'rug pulls' over all the years. It is best to invest in alts like Ethereum that we know will still be here many years in the future. That we can not be so sure for a new project.
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Well Ripple has now done another partnership agreement with a big company. Its big Japan partner SBI Holdings is now cooperating with the second largest company in the world called Saudi Aramco. Saudi Aramco is a oil company in Saudi Arabia. The new plans is for them to promote digital assets and startup companies in that part of the world. SBI did also agree to start building factories and making semiconductors in Saudi Arabia and Japan. This is more 'bullish' news for people who hodl xrp. https://u.today/ripple-major-partner-sbi-teams-up-with-second-largest-global-company |
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The only altcoins that I trust is Ethereum, Ripple, Solana, Cardano, and Litecoin. Most of these are in the top 10 marketcap except for Litecoin but that is number 17. And it has been around crypto since 2011 when Charlie Lee created it.
All of these alt have more then Billion dollars in marketcap. I think this is very important when choosing to invest in a alt. I will never invest in a project that does not have more then a Billion dollars because I will be in fear of a 'rug pull'.
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Well I think it is a risky project for you to invest in now. I will say this is a project that does still have a big following and investors.
And now they have The Pepe World NFT collection. The NFT gives you access to a 3d avatar for you to use on different platforms.
I think it is a risky project to invest in but so are the other meme coins. But we must admit it has creative developers that want to keep our interest.
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Well now there is some very bad news for CZ. After he was to be allowed to travel to UAE before his sentencing next year now federal Judge Richard Jones changed that. He says CZ is very wealthy and has property over there in UAE. And that if he lets him go he has no ties to the US and may never return for the sentencing. He does not want him to flee so he must now remain in US. https://decrypt.co/209060/us-judge-bans-changpeng-cz-zhao-from-leaving-the-country This is getting serious. After the bail settlement, everyone have thought that it is all settled and he is free to do his things. Well, we may see some impact on it on BNB and this goes to the price of it. While we see that many altcoins are moving bullishly, BNB doesn't move at all. I guess if everyone has to look deeper at this case of CZ, there is a lot to dig in with this issue. Well yes you are right there might be some change in price for the BNB token. But now we are seeing Bitcoin and Ethereum down 1% in the last week but BNB is up 7% in the last week. I think it was going to be BNB token going down too. But all this does mean is if CZ is having these legal problems it will not make a big difference for investors. |
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Yes I do agree with you about that. When we see a crypto app like Coinbase with the high ranking it does mean to me that there is people buying crypto.
This means the crypto app is higher then some popular social media apps like Instagram, Facebook, and Tiktok. I do think it is a 'bullish' sentiment when this does happen. I do think when we see the next ath the Coinbase app will rank much higher again.
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There is people that wants to make some money from the new GTA 6. There is a man called 'Florida Joker' who now is accusing creators of using his likeliness for the game. I think they did use this man for the game. He does live in state of Florida and looks like he does. And all he wants is 1 Million or 2 Million dollars from them. https://www.theguardian.com/us-news/2023/dec/11/florida-joker-gta-6 |
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Well now there is some very bad news for CZ. After he was to be allowed to travel to UAE before his sentencing next year now federal Judge Richard Jones changed that. He says CZ is very wealthy and has property over there in UAE. And that if he lets him go he has no ties to the US and may never return for the sentencing. He does not want him to flee so he must now remain in US. https://decrypt.co/209060/us-judge-bans-changpeng-cz-zhao-from-leaving-the-country |
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Well Solana is really going to break the internet if this happens. Investment manager VanEck believes that the project will be part of the crypto spot ETF filings next year. VanEck is a longtime believer in the Solana project. It launched a Solana exchange-traded note on the German stock exchange Deutsche Börse back in year 2021. https://www.binance.com/en/feed/post/1121520861705?ref=25201067 |
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