Why would this be the method of "highest returns"? Remembers that brokers are on the sell-side. Their business model is selling investment products for commissions. It might be the method of lowest returns if you ask me. Now if you invest using into a hedge fund which trades Bitcoin you might have higher returns if they have a proven track record, but they too take performance and management fees from your funds and profits. I think is well-worth it in the long run to invest in your education and take responsibility for your positions. Just my 2 cents.
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After the success of the Mike Tyson vs. Roy Jones Jr. exhibition fight, Floyd Mayweather has decided to follow in their footsteps and will be fighting Logan Paul in an exhibition fight. Logan did not look good in his fights against KSi so this should be an easy fight for Floyd. The one advantage the Youtuber has is his size, he is a natural cruiserweight. There are no details on what the weight limit will be for this fight.
I didn't know until today that Logan Paul was a fighter, but I don't really like these fights unless Mayweather goes full force on him and we see some blood shed in the ring. haha Floyd is pretty tall himself, I don't think Logan has an advantage of any kind.
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But how we must know what is the real goal of bitcoin...we must not forget that the bitcoin is created by one person and we dont really know what is her will and what he really want from bitcoin Its treu that all of us want crypto to remplace fiat currencies but maybe this isnt nakamoto's goal
What if the goal of BTC is ours to create? What if Bitcoin is just a tool, a gift to make our world a better place? We can use this instrument to have a standard of value in our world, to stop trading with money that loses its value (aka fiat currencies) or become more decentralized and dependent on entities whose intentions might not be for the wellbeing of the society.
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Hello everyone, Bitcoin jumped to 19k recently and I am just wondering what is the cause of this spike. Does Covid-19 have anything to do with it or trading bots?
Thanks, Matt
Short answer: Buying pressure > Selling pressure or Demand > Supply Trading bots are and most probably will always be participating in the markets. We can't know the exact forces of the market making their moves now, but what we know is that we're on an uptrend and close to breaking $20k, institutions are more bullish than ever and paypal is steadily absorbing the supply.
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It is a great idea and it shouldn't be too costly to implement either. If I were you I would look for a payment processor solution or if you have someone good at technology in your team you can set up a lightning network node. But this way you would have to manually exchange Bitcoin to fiat for operational purposes if you need it.
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People who do bounties are generally from third world countries and they are obviously not financially independent. It is logical for them to look for ways to enrich themselves as soon as possible. When seeing bounties that advertise themselves with a budget of $500k in tokens it is hard not to FOMO and participate in the activity.
Anyway I believe that as long as they spend time in this forum their subconscious is exposed to deeper discussions about the technology and current events.
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There is no pre-defined goal indeed, but deep down we all know cryptocurrencies are better than what we use now. Fiat currencies belong to the past. We need to step on the acceleration and hurry up the adoption. It's just our old habits that are holding back.
I think Bitcoin's "destiny" is to both become the universal standard of value and mean of payment.
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In this case, let's try to comparing crypto to crypto, not crypto to real gold or other assets. Imo, yes bitcoin is gold of crypto investment rather than other altcoin. Let's make analogy that Eth is paladium, Litecoin is silver, etc
Crypto is diffrent with gold, so i avoid to compare gold and crypto directly. But what if i have 10K USD? what should i choose? So i will choose 1. Land investment 40% 2. Gold investment 25% 3. Stock investment 15% 4. BTC investment 10% 5. Brain investment 10%
I dig your allocation, but personally I would place more weight on Bitcoin with $10k. I'm wondering how do you want to invest $4000 in land - using a REIT or something like that? Are there lands you can buy with only $4000? In my country you only get prices like that in the countryside which I don't think is a very smart investment unless you do agriculture.
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Whether we like it or not, taxes are a part of our current working society. Capital gains from any kind of investment should be treated equally in my opinion. I don't know what the tax rate for cap. gains is in India for equity instruments, but 30% is very high. This is not encouraging for investors.
What I suggest is to look to establish an outshore company if you have a big bag and maybe move residency there. Better talk to a tax consultant.
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This should be a lesson for everyone trading on shady exchanges. You are exposed to a lot of risks already when trading on reputable exchanges because they are not regulated by a financial authority. Trading on platforms with a .vip domain nobody heard about is obviously a trap.
Be careful out there. Even if your profits covered the loss, it was your profit, not theirs.
Also make sure you understand the fee structure of any platform you trade on. These are one of the biggest cost to a trader.
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I like that there is substance in your post that people can use. Unfortunately this is how our genetics work. We feel safe inside our comfort zone until something shows up that motivates us enough to step out of it and go after the things we wish.
The space is still young and there are few experts that you can count on. I'm actually trying to build a personal brand around cryptocurrencies and finances in general. Remember to always have a higher purpose in mind. Don't do it for the money. It is not worth it.
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I am not sure whether you can call them lucky, they took the risk selling everything they had and invest in BTCitcoin and everyone had the opportunity to do that if they really trusted and wanted to take a risk . I will not take that kind of risk and then travel the world living in tents but one thing that the risk made them is popularity as many news publication published their journey. Definitely. From what I have read they have a background in marketing. So this might have been a disguised investment in advertising. They not only managed to start a content creation business just by changing some of their assets in Bitcoin, but they managed to travel the world at the same time. Pretty intelligent if you ask me and not that risky if you think about it.
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With the current raising buying pressure from institutions $20k is a low-ball target. I think Bitcoin will leap forwards towards the $50k once we officially break the $20k mark. It is a psychological price point as well. Curious when will the Guggenheim fund start investing heavily into BTC. Are they waiting for a break of the ATH or for a dip. Or maybe.. for whichever will happen first.
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Yeah, I think it is mostly possible to live only by using Bitcoin with some exceptions. I'm skeptic that they have the ability to pay taxes using Bitcoin. That would imply their government to accept Bitcoin as a method of payment which I haven't heard of so far. I think what they did is a reckless move. You just can't liquidate everything and go ALL-IN into Bitcoin. Personally I don't think they actually did that. They probably had a backup savings account somewhere or a family relative who owns a house and assets in their name or smth like that...
They deserve congratulations for promoting Bitcoin and thinking of the idea, though.
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From time to time, Bitcoin transaction fees are quite annoying especially if this who make daily transactions and not just hold it. Solutions are on the way though. Lightning network should solve this issue, but it needs more development work and adoption.
I do think the advantages Bitcoin brings to the table far outweigh the periodic surge in fees.
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At least for me, there is not enough history to even consider it as a trend. From a fundamental point of view - if we receive good news about the vaccine at the beginning of next year we might see more bullish action on both Bitcoin and stock markets. I'm sure taht the economy will have a tremendous boost when the pandemic will be near the end.
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Universities are a great bridge to inspire the spirit of cryptocurrencies to the young generation. I'm sure that this trend will continue as the adoption levels raise in other areas as well. Coffee shops are best to spread the word and set an example in my opinion.
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Exchange business are very profitable once you acquire a certain base of users. I think there is still room for capturing a share of the market and it will always be. The design matters a lot for exchanges. One might choose a new exchange if the fees are smaller or if the funds are insured.
I'd say there are many ways to innovate. IMO Binance is trying to expand their services too much instead of improving the trading functionalities and marketing.
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Hodlers are long-term investors. Traders buy low and sell high more frequently than investors in order to make a profit. In a way traders bear a lower risk as they do not hold a position for extended periods of time, but they get in and out of the market depending on their strategy.
So to answer your question: YES! It does make sense trading on Bitcoin if you know what you're doing.
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USDT is pegged to the US Dollar so it is normal to follow the purchasing power swings of the underlying.
Personally I don't use USDT because I consider it a risky currency. Besides being an inflationary asset you have to trust the company holding the underlying asset (Tether). That's an extra risk I am not willing to expose myself to.
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