No, if it's bitcoin your talking about or perhaps ethereum. It is a big opportunity for me when there is a big drop in price because that's the time when i buy even more coins for me to invest in. Honestly i've been eyeing bitcoin and ethereum's price to slightly drop so I can purchase some more. After that, I wait for the next big spike to happen which usually takes 2 to 3 years? Based on my observation.
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Binance has been successful through the months and it has substantially gained value at the start of 2021. Binance coin is pretty viable since it is used to fuel transactions on the chain, paying for transaction fees on Binance Exchange, making in-store payments, and many more. Because of its usability, more and more individuals are leaning towards this coin, resulting to a high demand and increase in value. I personally believe that they can reach 600 dollars in the future. Though, for this to happen they should work on their exchange to fix some minor issues that users have experienced in the past. There has been an issue around the time of the market cluster issue. In redeeming a couple of BNB from the LIT pool, there was a usual success message with an error icon. Since then, the tokens in question are nowhere to be found. There's no trace from the pool, except the history of interest of LIT showing a difference. It was experienced by several users, binance should fix this sudden errors, it's kind of nerve wracking if you were to lose some coins in the exchange.
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Well, there are people who recognize bitcoin as an investment while others use it to exchange for FIAT. Let's be honest, bitcoin hasnt been fully adapted yet and people need money to purchase goods and services. Businesses who sell the necessities of their customers often dont accept bitcoin as payment, as a result individuals who lack the money, turn to bitcoin and exchange it for FIAT. While others who believe in bitcoin "supremacy" hold this coins for a very long time.
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We need to dispel the one big misconception that investing is only for the rich. I guess people are fixated on the "amount" of money that they put in investing, of course if a rich individual were to invest 1000 dollars, and there is a 20% increase, this will be multiplied in numbers greater than what he/she invested, which is 1,200 dollars. However, let's say a middle class man who can only invest 300 dollars with a 20% increase, he/she will receive 360 dollars. Yes the rich had the most, but what's important is the progress. At least both of them earned greater than what they invested. Another tip is to pick the right company or corporation that you want to invest in.
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I recently checked AME's value and is now at 0.06 dollars. I dont think it is a pump and dump scheme, instead it's just AME's value fluctuating through the influence of the market. Though there is a way to know whether it is a pump and dump scam, and that is the sudden increase in volume when there were no records of trading in the past few weeks or months. Tokens are illiquid, this sign is particularly notable when the price chart has been flat, with little to no volume for weeks or months before the spike.
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I dont think fiat will decrease in value anytime soon, it is a stable currency which is different from bitcoin. The only issue with fiat is its decreasing purchasing power. Bitcoin, with its scarcity makes it valuable. With a limited supply and a high demand, bitcoin will continuously increase in price. Also, more institutions are investing in bitcoin and accepting it as a form of payment, thereby increasing its utility and making it a preferred medium of exchange among consumers. With this information, bitcoin will definitely exceed our expectations in the next few years, holding bitcoins for the meantime and waiting for that to happen will increase our "savings".
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Bitcoin has certainly reached new heights this 2021, having a record high of 50,000 dollars. I guess it had something to do with Elon Musk and his support on bitcoin. He has also influenced other people to invest on this cryptocurrency, thus increasing the coin's demand. There is also a speculation that bitcoin could top out at $150K to $300K in 2022. The current bitcoin (BTC) bull market could accelerate around September and then slow down by June 2022 before entering a bear market. That’s according to Jiang Zhuoer, CEO of BTC.Top, one of the largest cryptocurrency mining platforms based in China. Of course this is just a forecast, and is subjected to change.
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Unfortunately, poverty cant be solved that easily. It depends on those who are at the top whether they will solve this problem because they have the power and the resources to do so. The government doesnt seem to be doing anything to help the less fortunate. Though the government has given them relief goods and school supplies to aid them in the pursuit of knowledge, but none of the solutions provide a way to enable the poor to have a stable income. This is the sad reality that we live in, there is a saying that the poor become poorer and the rich become richer.
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Is he the reason why bitcoin's value spiked in the last few months? If so thankyou Elon Musk for having such a huge impact on the market. Kidding aside, Musk does see bitcoin's potential and it's great that he announced that Tesla would be accepting payments through bitcoin. He's one of the major influencers that urged others to buy bitcoin and there's no doubt that it is true that he can move markets. He even had such an impact on DOGE coin that it began to increase in value.
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The following factors could also serve as guideline to selecting the right coin to invest in: 1. How useful the coin is: 2.is the purpose of the coin legit 3.Analyze its competitiveness 4.Demand and supply 5.market capitalization and founders holding 6.the general value
This is what i always suggest others when they ask on what coin should they buy. It is important to weigh the factors especially when you're going to invest huge amounts on it. The only coins that i recommend is bitcoin and ethereum which passes all the factors that you've just mentioned. Other newly introduced coins are risky to invest in. Yes it is useful, but will it last in the long run? Does it cater to the majority of the investors? Who are the competitors of the coin? That's why most newly introduced coins turn into dump through the years. It's either because their concept is too common or rather the purpose of the coin is only suited to the current trend
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There are two ways to secure your identity, one is through mining, the other is through LocalBitcoins. LocalBitcoins are a peer-to-peer platform, meaning that they allow buyers and sellers to trade directly. As a result, it is possible to trade anonymously. Once you have completed a trade on LocalBitcoins, you can then transfer your coins to an anonymous Bitcoin wallet. Mining, as we all know requires a lot of energy but you'll receive bitcoins directly. I personally believe that there is no true anonimity when it comes to crypto since you will be swapping or exchanging coins one way or another which requires your wallet address or sometimes your information.
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Still too early to tell, the only issue with bitcoin is it's flactuating price, unlike fiat money which has a much more stable value. Though dont get me wrong, Bitcoin has a lot of benefits that it's holders know of. I'll give a few reasons why bitcoin is better than fiat. First is it's low storage cost. Just dump a bunch of bitcoins in a wallet and watch your investments grow through the years. Second is zero interferance from the government. Lastly Bitcoin cannot be falsified. Bitcoin is powered by blockchain technology, and the details of each and every transaction are recorded in it. You cannot bypass nor make your way through by creating fake bitcoin.
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I get it why banks hate cryptocurrency. I heard from a news before that a person from a nigerian bank considers cryptocurrencies as coins that dont have monetary value, thus creating the impression that cryptocurrencies are just scams that come from shady sources. The reason why they hate such things is because a bank needs to thoroughly investigate the beneficial owner on the account and the source of funds. If you have invested and cryptocurrencies and decide that you'll put it in a bank, the bank must be sure the funds are clean and not from illegal activities. If you’re account has a large balance for a short period of time, the bank has all of the compliance costs and headaches associated with a large customer without any of the profit incentives.
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For me you should keep your existing DOGE coins as is, but dont convert your BTC to DOGE coins. It is true that DOGE has gained popularity recently but the price curve of that coin doesnt give that much results compared to bitcoin. The reason that it was hyped is because of Elon Musk's investments on DOGE, but it isnt that much of a risk since he's rich and his bitcoin investments balances it out. So keep your existing DOGE and see what happens in the next few years, but dont even consider converting BTC to DOGE.
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I guess he didnt have the patience to wait for bitcoin's price to go up, or rather he didnt believe that bitcoin had the potential to grow in value. It's hard to lose a hardware wallet, it's best if you put it in a safe place. 7200 bitcoins is not a small amount, only if he wasnt that careless, he could've been rich by now. Now here he is, troubling himself and others to find his hardware wallet. The lesson here is, dont give up on your coins, no matter the dips that you're experiencing.
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Yes, and everyone should. It would be a waste if you picked the wrong project to invest on. It's a high risk, and it's a risk that you should assess carefully. You should thoroughly check all of the information about the ICO, from the whitepaper, market cap, social media platforms, up to other relevant details such as the project's team and videos provided. Being picky has it's benefits when it comes to this critical topic. We all know ICOs have a bad reputation on this platform, considering that the majority of projects are scams.
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I havent tried uniswap before. I was planning on swapping my coins on that network but based on your post, maybe i'll pass. Nowadays transaction fees are really expensive, which doesnt make up for the amount of coins that small traders have in their digital wallets. Too costly for my opinion and not worth to transact. That's why others bulk up the amount of coins that they have just so the fees paid would be worth it. Im currently searching for a network that is perfect for bounty hunters and small investors that have affordable transaction fees.
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I've submitted a title to my professor which regards to bitcoin and other cryptocurrencies as a topic for our upcoming webinar. Unfortunately he rejected it and I dont know the reason why he did. All i can say is that he was confused upon checking the title and he even whispered to himself "what's this?" . Judging from his expression i can say that he isnt that well informed when it comes to cryptocurrency. The students are lucky that their professor accepted their topic on bitcoin and has given you the opportunity to educate those who are not that familiar with cryptocurrency.
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There are several studies regarding cryptocurrencies. I'll give you 5 topics down below. I'll also add where it is currently taken. 1. Bitcoin and cryptocurrency technologies (Princeton university) 2. Cryptocurrency and Blockchain: An Introduction to Digital Currencies (University of Pennsylvania) 3. Blockchain and Cryptocurrency Explained (University of Michigan) 4. Blockchain (University of Buffalo) 5. Blockchain Revolution (INSEAD) You can search the rest in "coursera" which is a website that provides all of the subjects to study cryptocurrency.
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I guess the reason is that newly introduced projects already have several platforms for advertisement and publicity. There isnt a need for ANN threads anymore. Moreover, telegram groups are now used to converse regarding the project. Facebook and twitter are also good social media platforms which are much more accessible for potential investors to know of the project's information and current roadmap. These two platforms are also good in notifying buyers and investors on the current post and update that has been made, unlike ANN threads in bitcointalk that you need to constantly check.
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