I lost a big sum of money because of bitcoin fall. What can I invest in to avoid risks like that? Or at least to bear lower risks?
You lost? have you sold the coins already? because if not then you are still not losing anything but just the value. Keep the risk market is developing now , it almost breaking 40k now so in the soonest time it will come back to 50k so keep it mate and chill. Right, if you did not sell it then no need to worry about losing your money. It is only the value that change, but you can still hold it until the value will return to the amount you wanted or going higher and higher. What matters is your trust and awareness in every changes of price in the market. |
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I was looking at staking my ethereum. The interest rate seems good and I found BlockFi.com which seems to be around 10% (not guaranteed rate though). Is there a risk of losing coins and is staking recommended? For Ethereum, which site pays the highest APR and is the most reliable/safest?
Thanks!
If you are a long term ethereum holder and wants to keep increase your holdings while doing that then you can choose staking and blockifi can be one if the good place to stake but the USD value of your crypto assets might fall at the time of staking period so your portfolio value as well, so after a year even you multiplied your holding by 10% you maybe left with huge loss interms of fiat. Staking is highly recommended if you choose a long term holding because it is one way of making your holdings increase much more. But before joining such staking, better understand and be knowledgeable enough in every steps that needs to pass before gaining the profit you are aiming. This can make you confident in everything you do. |
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With the low current marketcap, this coin has potential to keep rally, but to buy and hold this coin is very high risk. I think this coin does not have any strong fundamental and the price movement only based on pump and dump. Before buy or trade it, check the team and the tokenomic of the project first. This tokens only BEP 20 that easy to created it, and becarefull to invest on new BEP20 token because there are others token turn in to scam already, although already traded on Pancake.
believe me, it's junk shitcoin that won't have a future. they only make coins from what Elon has done to the crypto market. it is very hard to believe a token like this one makes and trades it. I guess it's not what they want to scam other people, it's all about how the team behind in it work on it. One reason why it is not successfully proceed to next level because of the capabilities of people behind it and the people who investing in it.That is why it is very important to know everything before investing or holding such coins. Many would really love having it because its price is lesser than known coins. |
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The adjustment will definitely happen.There is no market that will increase forever. However, China's influence on the market can't be denied.China is the country with the largest number of miners in the world.
You say it right, talking about the price which we know that it is not stable, it sometimes goes up and sometimes goes down. I think no need to blame about it, because it is one way of the process in crypto. What affects most in the price are the people behind who invested and how demand it is in crypto. Never ever blame, it is better to understand the movement and the process. |
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I choosed both because both of these coins are still good, eventhough BNB is dominating right now because it's newer and lower fees but i think ETH is still strong in the market for at least 5 years. So for me it's better to take attentions for this two rather than choosing one of them
I also choose both, we can totally see how good both is, though there is a downfall but still it can manage to maintain their standing in crypto. They are both the choices of many people in crypto because of its capabilities and wholeness as a good and useful coins. Let us also remember that the experience of being at the top or down is just normal. Never easily panic about it, better to be calm always. |
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In the end nobody knows the future. We don't have a crystal ball. We are not a seer. You can only speculate and believes your investment. If you don't do that you won't make money. Of course blindly believing is not going to help either. Be smart with your money, don't go all in and you'll be comfortable even if your picked alts do not perform as good as Bitcoin.
There is always a possibility that other coins price will goes up. We cannot totally say what may happen in the future because of the situation that is why possibilities are there. Besides there are lots of potential coins which is in line in becoming same as bitcoin. Just think positively and have trust in every decision you have kept. |
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1. bitcoin
2. ethereum
For me, it is the most successful, and not only in 2021 but also in the future I think it will always be more successful than any other coin on this market.
I agree what you've mentioned above, it's not only successful but it shows proof that whatever problems they encountered, still it exist and handled it well. Surely as year 2021 goes on, those coins still be best in their own ways and uses which makes people love it more and trusted coin. |
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You can live without bitcoin if you didn't need the decentralized economic system and you can go back again to the centralized traditional economic system.
We are here to get into the decentralized economic system like bitcoin.
Your question is actually clueless. People need food but it doesn't mean if there's no an important thing other than food.
We can still live without it, maybe those who gain and depend their income in Bitcoin cannot live without it because it is hard for them to start again from the start. It doesn't matter because gaining income or profit can be done easily as long you have perseverance and you are hardworking. Bitcoin is just an add on of your investment which is not totally stable. Talking about other coins will be somewhat critical because we all know that Bitcoin is the first cryptocurrency. |
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Here we go again after his tweet that contribute to the market dip he is at it again and now he is tweeting Musk Tweets He Supports Crypto in Battle Against Fiat CurrenciesThe true battle is between fiat & crypto. On balance, I support the latter. Do you think he is trying to rally the market after the dip and will this stop the continuous drop in the market. Don't too much put your attention to this guy, he has nothing to do with crypto, even without him we will live our life in this industry, and also do not believe in the hype that he has the control over it. The real people behind the cryptos is the whales, they are silent but if they begin to move everything gonna change. I agree with you. When the whales already move, the crypto market will change, and I think we already see this happen now. The crypto market moves and increases to a high price than yesterday. If Elon does not tweet about many things, he will replace somebody and make a crowd in the market and on social media. You do not have to follow what he says instead, search from the other media. We have different beliefs, understanding, opinions and wants, it is up to us if we follow what he says. Yes it could be his purpose is to make noise about crypto but it is his social account then his free to tweet or post to any social media. What best to do such thing is to find an answer to different questions that comes up to your mind such as doing some research and understand it. |
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In the recent crash, I noticed when bitcoin dropped 0.25x 1.25x, most of the altcoins dropped 2x before they all increased back while Bitcoin also increased back to $40000. Some coins even at the time dropped almost 3x, and very possible some coins might drop more. Altcoins are more volatile, their rise (increase in price) can be high but they fall more during bear market.
Altcoins can not be like Bitcoin because Altcoins are not fully decentralized, unlike Bitcoin that is completely decentralized.
I think why that happened because most of the other altcoins right there don't have any capability to be converted directly to fiat. they first to be converted to ETH or BTC and the result is a disaster downfall by that two heavyweight cryptocurrencies which what we are seeing right now. It's not only those who are holding ETH and BTC who are the problem but those who are holding Altcoins are panicking as well. We know the fact that Bitcoin is the first cryptocurrency and also we see how it grows successfully and known to many people just like Etheruem.While altcoins are still in the stage of upgrading which have also lots of promising and potential coins which is not that easy to convert in fiat because of different process to undergo. It could be one reason, but sooner or later the people behind it will surely find ways to make it easier and be most likely to Bitcoin and ethereum. |
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It's not only in the crypto world that is happening right now, every thing in investment will experience a correction or decline. Naturally, this shows a healthy thing, after a short period of time there has been a very significant increase in almost all crypto assets, sometimes all of them experience saturation, which needs a recovery. It could be that someone is going crazy because their assets have dropped dramatically, if they don't panic, everything will come back.
You say it right, everyone can experience such thing in the future. It could be the price will growing or going down. Just think it always that it is a normal thing in crypto world. Better fix your mind about it for you not to panic or think negatively about the future scenario. Knowledge, understanding, faith, trust and confidence are best weapon in joining crypto. |
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but many people also can hold that long even though it feels quite difficult to do. because it is not certain in the future that we think gold will now become gold. vice versa, what we think of as shitcoin will become shitcoin.
it is very difficult to choose gold in a haystack so we have to be really clever in choosing so as not to make the wrong investment
Some People can do that because of their beliefs that soon there investment will be doubled. There is nothing wrong about how many years of holding, what matters most is the kind of coin your holding. It is better to know more about it and keep track every single day it's standing and every update for you to have the right investment. |
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There is a lot of media coverage of the cryptocurrency market and the collapse of one media does not have too much impact on the market.
I think the market is still operating normally even if the media crashes.
Definitely right, if that time will come, I don't think so that it can crash or shall we say collapse the cryptocurrency. Media is somewhat an add on or helping hand to make crypto more known and attractive to many people. It is also one way that people can learn some knowledge about it. |
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I would never give my BTC or ETH for Tesla, I would rather sell Tesla for BTC or ETH. Because Tesla is not rising in price unlike BTC
It depends upon the situation, but for now I would not swap it because as of now crypto have a good price and have many promising coins which can lead us to gain much more profit. One main reason also is that it already shows what crypto got, it's standing and stability. I'm not closing my mind because everything has it's time to bloom. |
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burning meaning decrease in supply, if you're fan of this shit coin you should applause since that means there's bigger chance of the coin going up in price but in my opinion this burning was already done since the beginning the devs intentionally sending shib to buterin's address
in hope of burning it turns out vitalik was selling it so basically you get more more total supply than it was expected, it was supposed to be 50% of total coins circulating in market (before sent to buterin's address) now it's 55% that's circulating in the market.
I guess it is a good thing to know about it, because everything has a reason. This simply means that there is possibility that the price of the coin may increase sooner. It is also the time that the holder will sell the coins because of having a great price. Surely many holder will be happy hearing it. |
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last few days makes me just want to dump everything, loss or not, the market is crazy low right now, i guess scary for newbies like myself, but im holding.
Keep the faith and hold. If you think that you're doing good with all of the altcoins that you're holding, you don't have to show that you're panicking. Remain calm because these drops will pass by and if you are ever able to conquer it, that's where the learning starts. If you want to dump, just don't dump all of it yet at least remain some remarkable and good coins. Holding such coins needs trust, faith, and knowledge. Sometimes it's price goes up or high so better fix your mind that it is just a normal thing in cryptocurrency. You need to be strong to think the right decision when facing such hard situation because in the end l, it is your decision matters because you are the one who can tell what is good enough for you. |
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Whatever happens everyone should be prepare when the bull season ends, as of the moment taking advantage of the open opportunities is the best thing to do because bear is just around the corner, crypto has still a lot of barriers ahead.
We should be ready to every possible happenings in cryptocurrency which it may be positive or negative because there is always possibilities that it may happen, most especially we cannot predict what will happen in the future. What we need to do is always put ourselves ready and be flexible enough to find another option for us to be successful. |
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In my opinion we cannot see another coin like Bitcoin or can kill Bitcoin in the future. But we can see more coins in blockchain base that are strong and really potential, also popular coins with huge community. Cardano, Tron, Ethereum, and Binance are good coin to invest beside Bitcoin. These coins are potential and good for the long run.
You're right, for now we cannot name those coins maybe in the near future because Bitcoin is somewhat the first successful coin which ranks 1 in crypto market. It already proves many things that it's not easily broken and it is one of those trusted coins. There are many promising and potential Altcoins which only needs more time and more push to achieve what Bitcoin stands now. |
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Globally, Elon Musk has done much more for the world than McAfee.
he has done much for himself and it's not for the world. elon was creating tesla and who will be getting the profit from selling the electric car? it should be him. The energy consumption of tesla is also high enough at this moment. The only thing that makes it different if elon was not blatantly scamming others like scammer mcafee. I don't see the different between both other than it. in the crypto market, I think something like that is commonplace. We can see how people who have large followers on social media use their popularity to influence the market. very easily those with an interest in manipulating the market with a few tricks. Elon provokes the adoption of crypto assets. then he could just leave her to benefit himself. This thing called endorsement, it helps a lot most especially the one who shared about it because of the followers they have. It is one way to make noise in social media and makes people come up with curiosity which can lead them to check or try on it. Through that it can help it to be known and start to love it. |
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The perfect fit for green coin is helium coin, your miners will use less than 10w just like any routers out there, chia isn't close to green mining because it requires lots of watts just like GPU, you need high CPU cores to plot and many HDD for farming, if you do calculation on watts the results wil be like GPU mining
Cryptocurrency market are very risky, after a green market will be a red market. But because cryptocurrency market raise a lot of newbies came to the industry and if they do not want to risk there are investments funds like https://defiscale.io/ that invest money in gambling and finance and offer a stable income from investments. Not all newbies traders are not good at trading. I saw a lot of newbies who was earning more from me in Tradings. Also, Investing money in gambling is not a very good choice. Even investing somewhere is not a very stable income. You need proper knowledge of something that you can do better, like Tradings or Invest it to Cardano or TRON as they have high potential to going up. Joining crypto currency needs a lot of knowledge for you to gain different ways in it. We know that fact that the main reason why many people joining or investing it because of the profit we can get in here. Trading is one of those, which needs knowledge because it undergo some process before getting the profit. Talking about a green coin, mostly comes from Altcoins. It is up to you which one to choose because there are lots of promising coins. |
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