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So far, one of my worst experience in crypto is that I got scammed for only $100, way back before when I was new in the crypto world, I am really looking on how can I earn from it, I am also using telegram that time and there is one stranger that sent me a message that I can double my money for just 42 hours or 3 days without doing anything, I just need to invest in their website, so as a beginner, I really don't think that I am going to be scammed that day and what I am just thinking is that my money will get double in 3 days, but then when the time has come, there is still no result on my investment, I also contact the one that sent me the message but he didn't even reply on me.
Actually most of the beginners in the crypto world got scammed by this kind of trick.
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Meme coins are also profitable in a short term investment, these are the coins that got hyped by those popular people and also by the traders who choose to buy those coins, there is no problem with investing in these coins as long as you know the risk and you know how to earn from it. You should also never use these coins for a long-term investment because this hyped will end soon, and the price of those coins will go down.
Before investing as well, you need to do proper research, it will help you secured and a bit of assurance to earn money.
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Bitcoin would only be the best asset to invest for your $5000 especially if you want to invest for the long term, just make sure that you can hold it for a long term to have huge income compared to investing in the short term which is only good for altcoin, just like Dogecoin, if you have invested your$5000 the day you posted it then for sure you have now good income and it is now the good time to pull it out, I don't think that holding Doge for a long term is such a good idea because it is only manipulated by Elon Musk. If you still want to invest in altcoin then go for Electrum and BNB.
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Never give your identity for just an airdrop, don't put to risk your identity for just a small amount of money in return, no one knows if they have something bad intention to your identity, for all the beginners out there, if you have encountered an airdrop which is asking you to give your identity or KYC then ignore it, just find another airdrop that does not requires KYC or the best thing to do find another way to earn money, airdrop for me is not that too profitable because some airdrop only chooses a limited number of persons to be given the reward.
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Bitcoin is the safest haven, so just hold your bitcoin but investing in some altcoins are also a good thing, just don't do what you are planning to do, maybe if you have earned money in the next day then use it for investing in another altcoin, the best altcoin, for now, to invest for me is still Doge, XRP, BNB and Shiba. I am now currently holding some little amount of money for those altcoins, I am planning to cash it out before the year ends, but I am still sending funds in it whenever I earn some money in my extra job.
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Investing your money in Dogecoin and Shiba is good only for the short term, there is no good for investing on it for the long term as it only increases because of the tweet of different popular persons in the crypto world. Just take the opportunity at its current situation but never rely on it for the long term, you will regret it someday instead of investing in a good project. Shiba has a huge amount of supply and has lower value so it can go farther for only short term as it is a meme coin.
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This isn't funny, I also believe that Dogecoin will reach $1 soon, even though a lot of people are making a laugh at this coin as it is called a meme coin, and Elon Musk keeps on pushing it to the moon. A lot of people will benefit once the doge coin reaches $1, as of now that is the main target value of many people, this manipulated coin will make many people earn huge money, it started before as not so good altcoin but then because of the influence of Elon Musk, it boomed too hard.
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Thank you for lighting me up, I am already holding Dogecoin for now but I am really doubting this coin, I am just got persuade based on what is happening right now with this coin, I will now pull out my investment for this coin and will invest it in other coin or bitcoin maybe. I just remember when Elon Musk has says some joke about Doge which brought the value of Dogecoin go down, it just proves that Dogecoin is a mem coin.
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This is always a right to buy when you are going to plan for a long term holding, Ethereum, Dogecoin, XRP an Shiba are the altcoins that I am now holding, I am looking forward that these altcoins will boom in the future, I am now really happy with what is now happening with Ethereum as it already reached $4000, hoping that this could go more in the future.
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Every coin or every new project can be good or bad and all of it has the risk for investment, so you should never tell that investing in that coin is a low risk just because of something you based on, every investment has high risk when in terms of cryptocurrency and volatility, it is up to you if you are going to take that risk or not. If you strongly believe in that coin then go invest. I just want to remind you again that there is no low risk for investing a coin.
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I think so, Dogecoin is really near to reach $1 maybe we need to wait for 1 month more before it reaches $1. I really regret the time when I had sold my 2000 Dogecoin way back in January because of financial reason, I was meant to hold it for a long term but in unfortunate things happened I pushed to sell it, well I know I am not the one who has experienced this kind of lost. The good thing is that I am already started investing some of my income in Dogecoin last month and I am so happy with the value of doge right now.
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User: Trinx01
Position to Apply: Member
Posts Start: 229
Address: (Your BTC Address): 1PNXxquPhatNi6MVjhJGw9mLtcoDqCPG1f
Merit received in the last 120 days: 9
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I am interested but I cannot send you a private message.
You may message me in telegram: @Trinx01
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Maybe you are about fiat currency and cryptocurrency, we already have a lot of thread about comparison for both currency, both are good actually, each currency are good for daily expenses but in different circumstances. Fiat currency will always be the preferred one when talking about daily expenses as it can be used anytime and anywhere we are while cryptocurrency is also good in terms of sending money, investing and trading.
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Even though they ban it they cannot still prevent people from exploring cryptocurrency, just like in our country wherein cryptocurrency is not yet legalized but still, a lot of people are using cryptocurrency, they keep on selling and buying bitcoin or altcoins in different exchanges, bitcoin is a successful cryptocurrency, I confuse on the government why they keep on banning bitcoin, well, in fact, it can give us a lot of benefits and can rise to give good stand for the economy.
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Way back march 2020 when the price of bitcoin goes down too fast when the pandemic has started spreading all around the world, a lot of investors sold their bitcoin because of some reason but then the price recovered again as the post halving happens and some countries have bought a huge amount of bitcoin and that happened during the pandemic. Bitcoin has already built the trust of many people so I don't think that it will change once the vaccine has been distributed in many countries.
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There is a good possibility that bitcoin will be accepted worldwide and if that would happen then we can see a great improvement for every country, we can also see a big movement of the value of bitcoin as well but actually, this is not that easy as what we think, we need first to educate a lot of people about cryptocurrency before it can be used as world wide. Sending money to your relatives is also good when using bitcoin, it also good as a means of payment for every establishment, also good for paying bills and many more but one thing that I doubt about it is about the transaction fees and the time before confirmation.
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Bitcoin is made for having an alternative currency for fiat currency, as what your title has said, bitcoin wasn't created to make you rich, yeah Satoshi Nakamoto doesn't have the intention to make us rich from bitcoin because its value at its very first launch is very cheap but now a lot of things have changed and a lot of people are now rich because of bitcoin. There are already so many people who choose to stay and focus on bitcoin because it makes them rich, it makes them earn more money.
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