Latest posts of: ven7net

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Quote from: Zilon on November 26, 2021, 09:04:13 PM

Many are living their businesses to turn to crypto with the mind of joining the trend and with the way crypto investment is been hyped lately many just feel its actually one of those easiest way to make money online and the funny part is most of them dive into this opportunity without any formal knowledge about how the system works.

I will say crypto isn't a safe Haven and there is no 100% guarantee in crypto investment although one can attest to the fact crypto isn't ponzi but yet it's not just an easy adventure its an ever learning business option that could be passively yielding and at the same time bankrupt yielding depending on ones approach.

If crypto was that easy to go by we would have had more than half of the world's population living very comfortably not giving much concern to their economic data any longer. But the truth remains crypto investment is more difficult compared to manual businesses

You are all right. If cryptocurrencies were the best place to make money, then many would already be rich, but this is not and will not be. Why? It's that simple! Money does not come from emptiness, if somewhere money came, then in another place it left. In other words, if you could make money, then someone lost that money. This applies primarily to any business or trade. Therefore, there is no need to build illusions about making money on cryptocurrencies. At one time, I wanted to help my acquaintances start making money on cryptocurrencies and wanted to share my experience with them, but after they found out that they needed to make a lot of efforts for this, they immediately refused to study. So cryptocurrencies, like other types of business, are not for everyone, and they cannot be a solution to financial problems for everyone.

Quote from: Badbouy on December 04, 2021, 10:40:50 PM

If I wanted to accumulate some BTC anonymously and just hold it
would this work?

Buy XMR on a KYC exchange.
Withdraw it to a Monero wallet connected by TOR or VPN
Transfer to a second Monero wallet connected by TOR or VPN
Send XMR to a non KYC exchange and buy BTC
Withdraw to BTC wallet connected by TOR

Any corrections, suggestions, or better ideas?

If we talk about buying BTC anonymously and storing it, then you probably need to start from the very beginning, namely for what funds are you going to buy BTC? If we take into account your scheme of actions, then it is unlikely that it will be 100% anonymous, which, in principle, applies to any schemes. If someone wants to track the movement of funds for the purchase of BTC, then probably even with great effort he will be able to do it, the other question is, why do this? Why would anyone know that you bought BTC and are holding it? All this hype around anonymity, you just need to give BTC and other cryptocurrencies value, but I do not think that the system or the tax system monitors your funds, in any case, until your amount becomes too large, then they will probably be interested and, if they want to, can find out whose funds it is. I don’t think that in our time there are 100% completely anonymous systems, and if they exist, then only at the level of security and intelligence services, but not in the financial system.

● Twitter Report ●
Day: 9
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Quote from: soureden on December 08, 2021, 02:59:43 PM

The economic pains of Covid-19 experienced in 2020 are experienced in many countries. Many countries are going through hard times economically and will. In these periods, salvation will of course be profitable investment planning. When I look at the crypto market for this period, the general comments are in the direction of BNB investment advice.

Do you think it makes sense to invest in BNB or another cryptocurrency?

What else can you suggest in line with the analyzes made on the subject?

As for investing in cryptocurrencies, you should know from the beginning that all this has a very high risk. As for the time, as for me, now is not the best time to invest in cryptocurrencies. The fact is that right now, in my opinion, we are the crypto market at the peak of the next development cycle. This means that there is still the likelihood of a short-term rise in cryptocurrency prices, but after the price may go down. At the same time, one cannot say 100% what will happen this way or another, but if you even want to invest in cryptocurrencies now, then it is best to buy BTC and some altcoins and keep them until the price of these crypto assets reaches the level that your opinion will be the best for you to make a profit. But in general, it was necessary to invest in cryptocurrencies earlier, well, at least last year or even earlier.

Quote from: midasjohn on December 08, 2021, 05:34:36 PM

I believe because most 'Investors' in the space that have just arrived from Wall Street or Sherwood Forest are buying and selling nominal Ethereum on the Exchanges without ever performing an onchain action. Ethereum is utterly broken and 2.0 may never come.

Do you think this is a fair appraisal?

You are certainly right. The fees on the Ethereum network are very high and this issue is no longer covered in the media. I believe that the fact is that large investors and players are satisfied with this state of affairs and do not pay attention to the commissions in the Ethereum network. As a result, the Ethereum network becomes available only to large investors, and the rest will either simply go to another network or simply pay a high commission. As for the launch of a solution to this problem, I believe that this is actually not a problem, but an originally thought and implemented action by the Ethereum team. But if it is necessary to reduce the commissions, then they can do it without problems, but at the moment it is probably more profitable for them to leave everything as it is.