DEFI projects are overburdening the ethereum network, transaction costs have increased a lot in the last 2 months and they could add up even further. I find it crazy to spend $ 30 on a trade regardless of the volume, so it's not fair for small traders.
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CFTC Chair: ‘A Large Part’ of Financial System Could End Up in Blockchain Format “Our entire financial and economic system outside the current system, the non-crypto system basically evolved since, one could argue, the Renaissance in Italy,” he said. “Whereas what people are doing in the digital asset space is effectively building within a decade or less an entire economic system based on human incentives and trust … I just find that fascinating.”
“My view is that to be a successful CFTC chairman, meaning regulating the derivatives market, you have to have [a] keen understanding of the underlying market,” he said. “And so I’ve tried to learn as much as I can about the various agricultural sectors. I’ve gone out into fields and … gone to grain elevators, I’ve gone to a feedlot to learn about cattle and wheat. I’m learning about oil but I’m also learning a lot about crypto and in many ways, because it’s so revolutionary and so cutting edge, I’m spending a lot of time just learning how it all works in the ecosystem.”
https://www.coindesk.com/cftc-chair-a-large-part-of-financial-system-could-end-up-in-blockchain-formatI do agree with what he says he, finance and economic market are really evolving in the last 2-3 years. And this blockchain technology will be at the front of every financial instruments and systems and it's good to hear that the CFTC chairman is open minded or even willing to accept what is going around in the system today. Blockchain can be applied to all areas of life and it makes it easier to manage than traditional economies. In the future companies will pay more attention to blockchain and develop their blockchain. Blockchain is currently the trend and will be the future of the world economy. I think the above statement is reasonable.
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I'm not sure litecoin will see strong growth in 2021. Not because of the new updates but litecoin's technology overshadowed by bitcoin and other cryptocurrencies. Currently, ethereum is increasing in value as DEFI projects are continually being created and DEX exchanges are active. Bitcoin gets more attention for its easing policies from economic institutions such as the SEC and national governments. DEFI projects are attracting huge amounts of money and delivering better returns.
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I've heard money can't buy everything but almost everything can be bought with money. We all have material needs for life and it makes us satisfied, that is happiness. Better profitable business throughout the day to exhaustion. We can bring in better income with less labor, but fads also need more knowledge. That is why we learn about economics and learn to get rich from that knowledge. I think the university environment will help us to understand economics systematically and better than to do our research.
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Using bitcoin is also a good idea, but the most important is where to accept payments for you. Don't treat cash and credit cards as bad, they are both money and valuable. I don't want to stop your bitcoin passions, I love cryptocurrencies and bitcoin too, but you're probably exaggerating. If it were me, I would use the payment card and then cash, bitcoin ranked last. Paying with a card accumulates points and can be discounted according to the value of the item, among other offers. Payment in cash will not incur any costs. The above two methods were performed almost immediately. Paying with bitcoin will take a small, slower time and your address will be exposed.
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Banks are more important than you think, we live in a world dominated by people with a lot of money and power. The national central banking system will help us balance currency rates and help us fulfill taxes, deposits, and loans. Without banks, we will easily be manipulated, like the black market, the exchange rate is constantly changing and there is a potential risk in trading. Remember that the Venezuelan collapsed due to an uncontrolled Bolivar/dollar exchange rate on the black market.
The most important thing with the existence of a bank is the state's responsibility for the funds that are in the bank because there is a guarantee that it will not be lost even if the bank goes bankrupt. banks also facilitate transactions, which are currently making more innovations whose developments are constantly changing and providing available conveniences. because without any updates adapted to the current situation, the bank will be left behind. Exactly so, most banks have the hands of the government behind and the government is responsible for regulating the cash flow and ensuring liquidity for transactions. Besides, loan service is also an advantage of the bank, borrowing money to spend, borrowing money for investment, borrowing money for production. Currently, there are several money lending platforms on blockchain such as Aave (LEND), COMP ... and others. They are doing very well, in the future banks will have to change the way they operate for the better and attract more people. Currently, major banks in the world are researching blockchain technology and they will soon bring blockchain into their management systems.
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I think the biggest victories in the pandemic are the technology companies of the United States. I cannot imagine that when people are unemployed, Tesla, Apple, Facebook, Amazone have such a terrible increase in stock value. Medical supplies companies and health treatment centers in the United States are doing very well, and that's just too ridiculous. They should only reduce prices and should only make little profit because of the large volume they sell. European and Asian countries do not make money on the suffering of others they have sought to let people get the best health services and at cheaper costs.
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Banks are more important than you think, we live in a world dominated by people with a lot of money and power. The national central banking system will help us balance currency rates and help us fulfill taxes, deposits, and loans. Without banks, we will easily be manipulated, like the black market, the exchange rate is constantly changing and there is a potential risk in trading. Remember that the Venezuelan collapsed due to an uncontrolled Bolivar/dollar exchange rate on the black market.
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Firstly thanks to all for reading my topic.
Who has had more success in this crypto market? 1. Traders 2. Investors You you have any skills? From which you have made enough profit or How much amount you loss?? Welcome to share your skills.
it's the same type of invest, traders for short term. and holders (which is investors) for long term. it depends on which time you get money in. kind of hard to say. but in my point of view, holders are likely to get more profit than others
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My first thought was to put it in to Altcoins, Like Ethereum RSR Theta EOS
These would be my picks 100% Which coin would you leave out or add to that?
I was also thinking Of Buying a Masternode and run it on a Vps, but I have 0 experience with that and I was looking for one and joined a few discords, and it was kinda a shitshow. So I dont know how to look for good ones yet and it's a bigger risk then Altcoins in my opinion from what I have seen. Does anybody have any experience with running a Masternode and how did that go for you?
A mining rig is probably to expensive, also the powercosts in my country are not that great so not really a option I think.
Create my own T-shirt Company I know a Artist I could pay for a design or maybe even a collaboration where he could earn a % of the sales from the t-shirts. Also have the fabric I want and all the idea's ready to go, this would probably be the most work, creating social media's, trying to get in retail stores, create a brand, and a lot more of course!
If you have any other ideas your welcome to add them, and let me know what you would do!
investing now is a smart choice, market is quite low, buying at dip could made you 20% instantly even with big coins like ETH or bitcoin. but for long time, I think under 8K is a bargain as what I do: 50% into leading coins like BTC, ETH, XRP 20% at USDT, ready to buy at dip and 30% for high risk, ICO, IEO, etc
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There had come many ICOs in 2017 and a good number of STOs in 2018 and many IEOs in 2019 but hardly a few have made it to 'relatively better than others' list. I wonder why haven't there come potential coins like ether. The only project that looked promising to me this year was bittorrent which was lauched on binance launchpad. But even that is not going so well these days.
Is the world out of ideas or solutions?
no, I don't think world would ever run out of idea, but this market is full of scam things, and too easy to scam people and run away without breaking any laws. it's just not safe for investors. so they don't really want to throw away money. and it's hard to chose good one from whole lot of scam+bad ideas.
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Its impossible to have one or two coins in crypto space because one or two coins can't solve all the problems we have in this world in every aspect of technology or others, if you want to keep a coin for a long time make sure the coin or token solves one or two problems in crypto space or the world, this type of coins don't die easily because they have real use cases, its simple as that
facebook's libra would be that coin, but goverments take it as a harm for their own economy, but I think they have their excuses. but, anyway, I think that problem would very hard to solve
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i have got around $1500 to invest in coins which coins do you guys suggest to invest in for quick money ? a year ago I have invested in STRAT and Sia and I lost big amounts and regret investing in those coins.
I'm thinking of investing $1k into BTC as its low risk but I would like to risk the the other $500 with a coin that I can make quick money with it
investing now is a smart choice, market is quite low, buying at dip could made you 20% instantly even with big coins like ETH or bitcoin. but for long time, I think under 8K is a bargain. did not consider how much money.
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I did some bounty in ICO called WPP, and invested some to buy tokens too. it's not called success but compare to what I did, (30% in 3 months) to me, it's enough. cause if I hold for a bit longer, that would be disaster
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it's not completely true though. cause if you hold at the right time, would never have to cut loss. look back in 2017, almost any coin raise compare beginning to the end of the year. some coins triple, and most of them 5 times the price. I call that a long term. but now is definitely not the right time ^^
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we all know that, women do not tend to like technical and logical problems. not just only bitcoin but others too. their mind just don't like such that problem, and they often choose to not involve
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that's the dark side of cryptocurrency people with very minimal understanding could still create a new coin, and offering people with high interest, then disappear with their money. you can't avoid that, just make yourself smarter
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I good to have friends at the same side, always. but I don't trust anyone 100%, and always do some research before decide. don't be silly. ponzi is a great lesson
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the worst problem with this market is that, it is too small compare to others. too easy to be controlled, and by the way, there are so much of pointless coins're released everyday
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no one knows the future, so... I don't care so much about time, as long as it's shorter than 2 years is fine with me. when it reach my satisfaction, I sell, then don't care any more. control the greediness is the key, and yeah, invest smartly
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