your comparison is flawed because you are not analyzing the numbers themselves and just comparing the raw data to each other.
we have bitcoin which has been the cryptocurrency that people know as a cryptocurrency and it also is considered an alternative investment to gold, stocks,... and also is acting as a currency. then we have ethereum which has no real usage apart from ICOs and of course the speculators. so the number of transactions on it is higher because of all these ICOs. it is not handling real monetary transfer in a sense than a currency does.
so when you are comparing an anon coin like Monero with these two you are comparing it with the most famous thing out there (bitcoin) and ethereum. and these anon coins having that many transactions is still a big deal if you ask me.
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that is highly unlikely to happen. the laws in a lot of jurisdictions are prohibiting banks from any kind of involvement with cryptocurrencies specially if they are decentralized and unregulated. and this will not change anytime soon.
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invest all in bitcoin and then if you wanted to trade you use a portion of those coins that you are comfortable with taking risk on, to invest in different coins which are getting pumped. for example you buy 1.176BTC with $10k and move the 1 whole bitcoin to cold storage and use the 0.176BTC to trade. you can invest it in one or two different altcons during their pumps and get out 0.2BTC then another and so on. when you reach a higher profit (like making 0.2 or 0.5BTC) you withdraw some of it to cold storage and keep some for trading.
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Definitely its a matter of serious concern.Already we have faced some critical situations in which some big chinese mining pools deliberately supported BCH and tried to make bitcoin transactions get stuck either by shifting hash power to ine BCH or by sending fake transactions.
Some steps must have to be taken to free bitcoin from both bitmain and china.
It is not that serious today but it might be if Jihan Wu starts to get ideas to stealthily sabotage the network to give Bitcoin Cash the advantage. I believe it would be good if some Bitcoin developers have a "POW change plan" set up in case something happens. so far every time Lukedash Jr, Cobra,... talk about POW change and threaten the network they are helping Jihan Wu keep his dominance over the market. it is discouraging new companies from entering mining space. there has been a lot of talk from different countries and companies (Japan, Russia, and big GPU manufacturers,...) to start producing ASIC machines, they will not do it if they feel there is a chance of such a big fundamental change in the future. Bitmain has already made their profit and then some so they don't care if there is a change. they will simply use a tiny part of their massive profit to produce new ASICs to mine the new algorithm and continue their new dominance over the new market and we will be exactly where we started.
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it usually is the other way around meaning bitcoin is affecting altcoins and not the reverse although it may exist on a smaller scale. the effects are usually in a way that whenever bitcoin is dropping altcoins drop too. but that is only the price, as for technology altcoins have been mostly copying bitcoin and not really innovating much.
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because it is "SO GOOD" only according to the bag holders who are trying to dump it and survive this market with their asses covered and with the least amount of loss. otherwise Ripple is one of the most useless coins that you can find out there but they are still full of hot air...
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it usually is not such a good idea to hold any altcoin for long term because of the way they are created and how unstable their prices are. and when the pumps and dumps come they ruin every speculation.
if you want profit it is best in my experience to trade altcoins and never stand around idly in one altcoin for long!
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On my opinion. Venezuela is baiting India. Venezuela wants India to buy it's crypto in full price and sale its oil on 30% discount using cryto. Still same India never get a discount on oil. but helps to pump the El Petro. It gain for Venezuela loses for India.
nah, that is actually pretty interesting. they created a currency and now they are creating use cases for it and are making it more useful. i am very excited to see what will the fate of (practically) the first government issued cryptocurrency is going to be like. we have always been wondering about it, now we get to see it in real life.
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::facepalm:: look what money does to people... it blinds them to everything that is going on around them. unfortunately these people are ruining the crypto world with this attitude and by pouring their money in the pockets of banks and centralization and ignoring the much better projects!
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there is also a newbie account who is advertising his youtube crap explaining how to claim the forked coins such as bitcoin cash (BCH) if you have any bitcoin. it is a scam and is always reported for removal. i don't remember the username or the video link but you may see it in this board or beginners board from time to time before the scam link is removed by the mods.
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they curse bitcoin because whenever they want to buy it (or in other words dump their worthless fiat for bitcoin) they encounter a lot of issues because the exchanges are too small and the other ways are too risky and hard. so they lash out publicly and spread some FUD too in order to keep it low so they can slowly dump their fiat
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i don't think ETH is capable of a "boom" anymore. a "boom" is basically going to $20000 which is simply impossible for this overpumped altcoin without usage.
if you want a "boom" then you should look at those other small altocins which are going up more than 100% in 24 hours instead of a tiny 10% by chance and with a lot of risk!
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you never actually store coins or tokens or anything like that unless you are talking about some weird altcoin which you obviously are not. what you are storing are the keys (private keys to be exact) so the safest way to store them is to use cold storage.
you go offline and create a new wallet (more precisely a new key) and store that offline like printing on a paper. and then send coins/tokens to that public key. whenever you want to spend you just go to that offline place and make your transaction and only broadcast it online.
and as others said you can always pay money to buy a wallet (hardware wallet)!
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you can not because people love them! of course there are two types of people who love them. one is the newbies who are newbie enough to join a pump group or join the pump itself and lose money. they love them based on an illusion and will soon start cursing them. the others which are the bigger group are those who love them because they can jump on board and make a lot of money from each pump and laugh at bag holders. they won't want them to go away!
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Hello I am newbie here I want to start in trading where can i start? can $100 survive in trading? Please help me give me idea where to start
your capital size does not matter for your survival. your experience is all that matters. if you are really a newbie then you will surely lose money. starting with $100 is a good thing because your losses won't be big and devastating. and as long as you learn from those mistakes and continue to educate yourself and gain more trading experience you will be successful in the future.
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cryptocurrencies are only alive as long as there is a real use case in the real world for them. otherwise when these altcoins are only used inside exchanges for trading purposes it makes no different what their names are, they will die eventually.
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Nano is great! My biggest and only fear is that Google decides "yeah let's do an instant and fee-less crypto on our massive distribution platform" and people won't care that it's centralized and owned by a company because it just works and is a fingerprint scan away on every Android phone, part of Google Checkout, and so on.
This is the fear of almost all coins, which big companies like Amazon, Gooogle, Facebook, Ebay, etc. they make a centralized coin, perhaps even anonymous when it is used on their platform, which can take a lot of value, developers and users to the already existing co-workers. If this does not occur, then Nano will be Top5 within 12-18 months, as I said about 2 months ago centralized coins that are issued by companies in US such as Google, Facebook,... are never going to become as big as anything that is remotely decentralized. i am just starting to learn about NANO but it seems to be decentralized enough which means there is nothing to worry about from those companies and their centralized coin.
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Ripple is also moonshot coin in my view once ripple start pumping profit percentage is tremendous it is all about timing of the pump before we enter
i think ripple is already to big to be a real moonshot in this stage the important thing is that it has a low price and that always helps with big pumps. i don't think it will be pumped now though because the timing is not right. they usually pump it when altcoin market is ready for such pumps and there is little dumps going around. and when they do they pump it big time! for example last year i remember it was 7000% in one month.
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Warren’s strategy is to have an adequate but consistent return over a long period of time.
yes but interestingly enough this is not the reason for not investing in bitcoin. "a long period of time" in bitcoin means something like 9900% profit which is not found anywhere in the world! The key is that he knows he will be rich someday, but he is not in a hurry.
news flash: he is already rich In cryptocurrency world, it is not possible to make a position and forget it for x number of years. Hence, it does not fit Warren’s style. So what is your opinion?
well this is not what he is doing. it never was. and besides "taking a position" as i said above meant 9900% in less than 2 years and 20000% in 6-7 years!
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