USD Tether is a Bitfinex issued ERC-20 token which is claimed to be backed by dollar at 1:1 ratio. There are controversial opinions about this and some say it's a scam.
Do you trust USDT or believe it might be a scam?
I really believe in USDT tokens, I don't think these tokens are a coin scam. usdt has a great value, and even the token price is as high as $ 1 per unit. But the problem with USDT is that the price always looks normal, the ups and downs are like having a small percentage so that it is less attractive in the market. |
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The purpose of burning tokens is to reduce the supply and make the token price higher than before. I think a lot of coin developers do that and it is good for the future of the tokens it generates.
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I am looking to take some profits on my altcoins after the next big pump. Need some advice if my strategy is good or not. I'm based in the US.
1. When I start to take profits from my altcoins do I just sell them on the exchange for dollars and then buy stablecoins with that? Or do I somehow trade the alts for stables? Does is matter since selling or trading them are taxed for capital gains regardless?
2. Once I take the profits in stablecoins, is putting them on something like Blockfi to gain interest the best thing to do while I wait for another dip to possibly reinvest them?
3. Once the bull run is over I'm most likely going to keep all my bitcoin and probably most of my Ethereum. I'll sell most of my alts for stablecoins but keep small bags of the ones I want to keep through the bear market. Is this a sound strategy?
4. During the bear market is taking a cash loan using my crypto as collateral (BTC and ETH) a good way to defer capital gains taxes? Won't I have to pay these taxes eventually? I know there are drawbacks to this strategy but it seems like a lot of experienced people do this.
5. After the bull run should I just put my stablecoins in something like Blockfi during the bear market? Or is cashing out to dollars and investing in something like real estate a good way to defer capital gains taxes?
I know these are a lot of questions but any advice is greatly appreciated, this forum has been extremely helpful for a noob that has been in the space for about 4 months now. Thanks!
If indeed your country already has government regulations on virtual currencies I think it is an opportunity for you to take cash loans from several banks with collateral using (BTC and ETH). at least the loan that you take can be used as capital to trade in altcoins which have low prices. and that you can do if in your country there are regulations from the government regarding virtual currencies. I think it is a brilliant idea for you to share |
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even though it occurred in different years that the price of Dogecoin increased, I think it happened only for a short period of time, meaning that it was only a few months apart. I think this is natural with Dogecoin, considering that there are many large investors who join the coin. and it looks like Dogecoin is still providing very high value to its holders in the coming months.
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The complaint about transaction fees in ethereum being too high has become a topic of discussion in the past few weeks, this is due to the DENSITY OF THOSE WHO CONDUCT THE TRANSACTIONS, which causes the gas costs to be very high. but for now it seems like it's getting a little normal i think.
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Maybe today some lost a lot of their portfolio, maybe from thousands of dollars to a hundred of dollars, this is why taking gains or profit are very important
since the start of 2021 the price of tokens have gone have breaking statistics, altcoins take an all-time high, and we are very happy all these things turn into a nightmare in a single day, almost all of my friends never touch their coin hoping they would reach another all-time high, the same thing that happens in 2017, now the market almost wipe all of our portfolios, what's the lesson of this, when there is a chance to take profit, take it, small or big, it's again, I saw some posting they earn millions, they are so happy, but after a day they regret it, why because they are so ambitious, and no contentment on what they have, always take gains, don't let it slip away or your regret it.
for a trader who has long held the altcoin he is holding if at the time of Ath yesterday they did not release it they might experience depression when they are still monitoring the current market because the price conditions are decreasing. and that I also experienced it because I did not release the token I held, I held AOA and BTT tokens. I should have been able to release both of them while prices were still high a few weeks ago to make a big profit. |
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Who among us here have been victims of almost perfect Whitepaper? Those sublimely well-written, full of excellent ideas and proposals that turned out to be a piece of crap! Reading whitepaper is not enough to be a basis of investing in crypto because almost everyone can write whatever they want, they even promise you the Moon and Stars. So, be careful now in choosing ICOs, as much as possible look for projects that at least have initially implemented the products or services, if not the whole.  anyone can write a word and a sentence that makes a lot of people believe in it. but for a white paper in an ico project it seems that only people who are new to ico will be trapped in it so that there will be fraud for someone who doesn't understand it. |
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yes, maybe that will happen if the government in a country is interested in these stablecoins. but in your opinion, where will the stablecoin be adopted ??
and it seems that if you look at the current developments, many countries and governments are not sure about such a thing, so it is not easy to issue a regulation governing digital currencies, and it is not easy for stablecoins to replace a country's fiat currency.
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Yes, it is true as you mentioned, but it is necessary to note that April is not always an advantage for Bitcoin. maybe this april this year all the altcoins reached their highest price or reached the price of Ath. but for april next year i'm not sure if altcoin will experience like this again. but we hope every year the altcoins will find the best price.
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I think the two coins that you mentioned have technology that users can be proud of. but behind the advantages, of course, it has several weaknesses.
Well, if you look at Binance's recent development, it looks like it will compete with some of the coins that have been winning before, I think Binance will be a great competitor with Ethereum because of some of its weaknesses, one of which is because the transaction costs in Ethereum are very high. because of the occurrence with ethereum it seems like most ethereum users are switching to binance. in my opinion like that
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according to the name you mention, namely "Hunter", what is meant by hunting means that it may get big results or nothing at all. but that is not what a hunter thinks, sometimes the effort does not betray the results, sometimes it succeeds a project followed by a hunter by being awarded a large reward. therefore a bounty hunter must be sure and thorough about the project he is following.
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I think if you buy the top 10 coins in CMC when the market DIP it will be profitable. What I want to ask if you want to invest in the long term or only for the short term?
If you want to invest in the long term, I would like to suggest you to buy VET coin.
What reasons make you believe that VET coins are a long-term investment? What if I convince you to invest in BNB with a long term method too? the reason i can assure you with bnb is because bnb has a great future and many people are talking about it at this time that bnb's future is very good. |
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Hello Guys,
Trx, Zil and SXP, I am wondering between these 3 coins. Trx can x10 go 1$ like ADA?
Thanks for advice.
from some of the virtual currencies that you mentioned, I will personally choose Cardano. Likewise I would suggest to anyone who asks just to choose Cardano because the token movement is always there and includes altcoins that are in the top 10 on CoinMarketCap. |
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Hello everyone! So with the hype around crypto that Elon Musk is creating and with the news about possibility of acquisition of any Tesla car with crypto, comes my question: Would you buy a Tesla with BTC or ETH? Aren't we going to regret it? In future, will this turn to an event similar to "Bitcoin Pizza Day" where people will be sayin that someone spend a whole BTC or 10 ETH for a car  ? some people will say it like that, but if elon musk esla boss allows bitcoin or ethereum holders to exchange them for Tesla cars then I think many people will do that and will exchange Tesla cars with virtual currencies including bitcoin and ethereum. |
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if you know that there is a low risk why do you invite or ask other people to like these tokens !!
I am personally not interested in buying coins that have risks, especially as you mean that there is NO ICO in a project. i am personally not interested.
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~
Binance's routine agenda is to reduce the supply of their tokens in the market to support the increase in the price of these tokens. As for after the burning was carried out, the price of the BNB was lower again due to market correction and the price increased again after the market correction occurred, the investment in BNB was very profitable.
I think the main objective is not to increase the price. This is a market control that the Binance developers are doing very well by creating a BNB coin that people will always be looking for. they created BNB with the condition that there will always be an increase in adoption in the future. Their developers are really very smart already planning their market very well. because for those who know the potential of BNB. then 2-3 years ago. they would never sell BNB at such a low price. It's the same, when people make more and more people look for BNB, at that time the price of BNB is getting higher, meaning that BNB is getting rarer, the price is getting higher. that's why my statement on the thread above which says their goal of burning 1 million bnb is to increase the price. |
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I am going to issue a coin that can only be mined with a graphics card, No ASIC.which will be forked from Ethereum.
The total supply is 210 billion. block time will be 5s,for more efficiency.
and 1% will be premined for #airdrop and promotions,and will be unlocked in 10 years.
I am going to follow the Dogecoin route, start fairly, have no profit goals, and operate at will. The success or failure lies entirely with the miners. In order to lower the mining threshold, ASIC mining is prohibited in the algorithm.
maybe I will name it as Shitcoin-SHIT.
Do you have any more good ideas?
I think what you are proposing is good if you can provide benefits to token holders later. I support what you want to do because your goal is to develop a virtual currency |
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For now, you should invest in Binance or BNB, the reason is because most people in this forum are also discussing BNB and they are also reporting about the future of BNB, many say that the future of BNB is better and will have the best value
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That's right USDT is great! and the price is currently going up, I think? does USDT make their own coins? without any restrictions? Yes, the price is obviously very good because it has increased from the previous one, but for their own coin making so far I don't know because there is nothing in circulation about it so far. What you are talking about is very true that USDT is a good token and USDT can be exchanged into US dollars via the Tether Platform. It should also be noted that USDT is here to protect its users from the high volatility of the cryptocurrency space. and it looks like the USDT developers are not interested in making their own coins. |
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maybe Binance wants a higher price in the future so they have to reduce their token supply. thus BNB will be a little scarce and make the price higher because many need it. I think that's the reason they burned 1 million BNB.
As far as I know, burning BNB tokens has become one of the agenda of activities that are carried out almost every 3 months and this is done to reduce the number of BNB coins in circulation so that it can encourage the increase in BNB prices in the market, so it's no wonder that currently BNB prices continue to rise because indeed the supply of coins is decreasing, and to my knowledge Binance has also burned 3,691,888 BNB in January 2021 and according to the news circulating that Binance will continue to burn their coins, the remaining 100 million BNB or about 50% of the total available supply. Binance's routine agenda is to reduce the supply of their tokens in the market to support the increase in the price of these tokens. As for after the burning was carried out, the price of the BNB was lower again due to market correction and the price increased again after the market correction occurred, the investment in BNB was very profitable. |
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