Saving money in a savings account is like putting money in a pocket with holes. Banks only give you interests that are lower than the inflation rate. It‘s how they make money. You are better off investing in ventures (Crypto currency) that give a return higher than the inflation rate.
The average savings account interest reate (yield) is around 0.06% per year. Nobody is that stupid to deposit all his savings in a bank and wait for 35 years to become a millionaire. Returns that are higher than the inflation rate always come with a higher risk.Robert Kiyosaki says that risk is actually the lack or control and knowlegde about your investment. The more knowledge and control you have over your investment,the lower the risk.
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The US economy won`t collapse, if there aren`t any gold stored in Fort Knox. According to Wikipedia: "As of November 2017, Fort Knox holdings are 4,582 metric tons (147.3 million oz. troy), with a market value of over $100 billion. In contrast, the GDP of the United States was $19.4 trillion as of April 2017." This year,the US GDP is more than 20.413 trillion USD. I don`t think that bitcoin popularity will increase ,if the US government has no gold reserves. Nobody cares about that.People are just ignorant.
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Saying that the bull run is over is true and false at the same time. 1.The real bull run haven`t started yet.The current price increase is only short term. 2.The article creates a misleading feeling among the newbies that the price might start going gown,so a lot of newbies will refuse to invest in bitcoin and keep waiting for the upcoming bull run.
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OP,you forgot to mention the John Maynard Keynes book in your list.It`s fundamental for the history of economics. Anyway,I prefer self-help books about how to make money,like "Rich dad,poor dad" by Robert Kiyosaki. It simplifies a lot of the financial knowledge and it`s very newbie-friendly.
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Smartphones are the most secure way to store cryptocurrencies untill someone steals your smartphone,or you lose it,or it breaks. What happens if some of the above happens?Can the Samsung developers answer this question? I prefer my crypto wallets to be on some other device,with private keys printed and stored in my basement.
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If you want to start mining,you have to answer these questions: 1.Do you have cheap electricity? 2.Do you have the ability to buy/rent cheap real estate? 3.Do you have the money to buy mining hardware/equpment? Crypto trading requires an investment of time and efforts into gaining knowledge about the markets and how to trade.It`s up to you what to choose.
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Everythting is perfect in the US economy.The dollar machine keeps printing and the US debt keeps rising. This growth will create the new Wall Street or real estate bubble and the global financial crysis will appear on the horizon.The US prosperity doesn`t have any influence over bitcoin.USA continue to be an anti-crypto country.
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Gift cards are the best replcament of paper money,I guess. It would be easier for the people to adopt cryptocurrenices if they combine them with something they are already familiar with-giftcards.This is a pretty clever idea by Wegift and Coinbase.I`m not a big Coinbase fan,but they have a good expansion strategy.
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I would buy 50% bitcoin and 50% ethereum.They both have a big future coming and I don`t wanna focus on only one coin.The more important question,for how long will I hold the coins,after I purchase them?I would say for more than one year.I would cashout the profits,if bitcoin gets 20K USD and ethereum is close to 1500 USD.
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The bitcoin bull run won`t be only 500%.It will be above 1000% and it will not depend on any SEC approvals. OP,you make two mistakes.First mistake,like many other people,you compare bitcoin to gold. Second mistake,the ETF won`t be approved,so don`t spread false optimism.The newbies will gonna be very frustrated after August 16.
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I used Skrill 3 years ago(when buying/selling btc/eth/litecoin wasn`t implemented) and I was disappointed by the low level of customer support and the transaction fees.3 years later,I hope that the Skrill team has done a lot,in order to improve their service.They are the biggest Paypal competitor and they`ve adopted cryptocurrency payments.Paypal should follow their example.
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That's awesome,but who can verify that this information is correct? The daily trading volume by location means nothing.I don`t live in the UK,but I can register an account in some UK based cryptocurrency exchange and trade altcoins. By the way,I`m not surprised that the Seychelles on top of the list.
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Market manipulation is rampant in the cryptocurrency market, this has been evident in recent times where the price of BTC which has the highest market dominance over other altcoins gets manipulated for selfish reasons especially by people who want to profiteer from the system and this is done by so called whales. They either force the price down to get weak hands to sell off cheap or pump the price to certain prices.
With the ETF application rejection of the Winklevoos twins yesterday, the main reason given for the rejection was market manipulation. They could not guarantee that the price of BTC wont be manipulated due to the unregulated nature of the market. What can be done to fix this? Should the SEC come in full swing and put some regulations in place? What will be the impact of this on the over market itself?
You are right about this,but another question appears.If the bitcoin price is indeed manipulated,why there is bitcoin futures trading allowed by the CME and CBOE?There`s something wrong with that. You are wrong about one thing.BTC price isn`t manipulated because of the unregulated nature of the market. BTC is manipulated,because the market is small.
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Who is calling Bitcoin an investment?I`ve never seen anyone calling it "investment" so far. People will continue to see btc as an investment opportunity,because of the price volatility and huge expectations for 25K or 50K price next year.You can`t stop them from buying bitcoins. There is freedom of speech and opinions,you can`t create censorship.
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CME and CBOE are not Wall Street.I guess this is another clickbait title. 572 Million USD daily volume in bitcoin futures doesn`t seem that much.I was expecting the bitcoin futures trading volume to be a few billions USD per day.There`s room for more growth,I guess. In many of my previous posts,I`ve stated that I hate bitcoin futures trading.This news haven`t changed my mind.
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Why some people are rich?Because they take the risk to build their own business and work harder and smarter,in order to succeed.The majority of the people don`t want to take that risk.They want more security.That`s why they get a "nine to five" job at a fixed salary.There are tons of Youtube videos about this topic.You should check them out.
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Bitcoin transactions were slow last winter,when the blockchain was stuck due to the large quantity of transactions.Now,the bitcoin transaction speed is just fine.The ripple chief probably isn`t expecting the Lightning Network launch.Let`s see if bitcoin is slower than ripple,when LN comes.
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The usuall situation around the crypto market is when newbies buy bitcoin with fiat money and some of them diversify their investments by buying altcoins.All the money are going: Fiat>Bitcoin>Altcoins,which increases both the prices of bitcoin and the altcoins. This is when hype dominates the crypto market. The current market situation is a little bit different.It`s like fiat>Bitcoin<Altcoins. That`s why bitcoin goes up,while the altcoin prices aren`t going up.
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Current investors are so blind screaming HODL HODL and showing etherum, ripple growing faster than bitcoin. I`ve never seen a crypto investor to do that.What`s the poin of such market strategy?It would make sense, if they scream "SELL,SELL" not HODL.Everybody knows that ethereum isn`t growing faster than bitcoin,it never will.The main purpose of ETH is to serve as stable currency for the DAP environment and all the ICOs. I never compare bitcoin to any other altcoin.Bitcoin is my only choice and bitcoin will get only stronger and better.
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/r/CryptoCurrency/ is such a weird place, you can't really expect to have any sort of serious discussion there. When you look at that sub, it seems as though it's full of children. Some of the comments are just atrocious.
Did have some some pretty good discussions over on Steemit, they have quite a lot of active Discord groups that are tied to particular groups.
r/Cryptocurrency is not the only subreddit about crypto.What about r/btc,r/bitcoin and r/ethereum? It`s weird that r/bitcoin is mostly about Bitcoin Cash,while r/btc is about Bitcoin Core.This kinda confuses all the newcomers.The r/cryptocurrency subreddit is not full of children.It`s full with people from the third world countries with their bad english.
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