Acquiring some stakes does not mean taking over management, the exchnage is still managed by old people. After all, the stake buyer is the oldest bank that may have been a trusted service to local residents for years. Of course it will give a special impression. Talking about profit, it seems that the bank made the right decision. I saw their coin price grow by 125% in the last 24 hours. An instant profit. Well, if you acquire a decisive majority in a business you essentially also control the management. That is just how equity works. If you have the biggest say in a company financially, you can just fire the management if they don't act in the best if your interest. The management knows it, doesn't want to get fired so mostly they serve your interests. That is also duty by the way to some degree and that is also why there is the separation of management and control, which eventually boils down to management being controlled. By whom? By those who have a stake in the company big enough to substantially raise their voice and take influence. |
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trading and investment is one of the kind that can gives you stable financially but remember there are some risks with this.
For the record, trading doesn't give a stable financial income. If we pass this kind of information that it is a steady means of income then new traders can think that way and believe so to invest more than they can carry. So it is not a steady means because of the risk involved. Business or investment are not steady means of income, what we can call steady is government job that is the reason many people run to go into it. However, trading is beneficial if you understand how to go about it. Right and even though there are some self-proclaimed gurus who suggest that you can achieve stable income with trading, the truth is that those guys might also have been lucky for a period of time and those who lost big time simply don't show up on Youtube and tell you about it. No ugly faces on Instagram because there are no ugly people? No broke traders on Youtube because there are no broke traders? |
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Polygon and Stellar are altcoins that have potential and growth for the future, but if we follow the current development of Altcoins there are still many other altcoins that have large communities, and great developers and are supported by future use. such as ethereum, cardano, bnb and also for now what is trending is NFT. So I'm sure some of the altcoins I mentioned will have very good growth and have the potential to be even better.
With Polygon and Stellar they are both up and running and solve a lot of problems on the platform, and also have strong ecosystems. Most of the top 100 market base coins have a very good chance of growth in the near term, however I just want to remind you to be wary of meme coin in this space as it is very risky. Risk is everywhere but I think one of the major problems of those meme coins that are in top 20 is the distribution. Of course you could say that if a few people own a lot they have an incentive to grow the coin further. However, it also means that they can flash dump those coins to literally zero. That wouldn't be a smart move, but thinking about the fact that one of the big guys could destroy the whole market cap because of one beer too much and a fat finger, that is quite concerning.  |
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Criminals and drug traffickers prefer fiat, because they find it an easy accessible than crypto. When transaction were made through cryptocurrency, the process is simple and there is chance of backtracking if small mistakes were made. People have a belief, cryptocurrency is much used for criminal activities, terrorism and darkweb needs. I don't say crypto isn't used, but compared to fiat it is very very small.
In recent days hackers prefer crypto currency. Because, they're technically skilled and knows how to bypass different parameters involved while a transaction is made. The world is at the very beginning days of crypto adoption. So, at present it isn't possible to spend big with cryptocurrency. There are possible ways, but everyone aren't good enough and strong to take such risks.
There is no general answer to that question what criminals prefer. It does depend on a whole lot of factors, not least the geographic circumstances of a criminal transaction. If you make a big deal with someone from another continent, what do you prefer? Payment in Monero or a couple of big bags with cash? It is just a question of the requirements and conditions concerning a specific transaction. Basically you are right that cash is the most anonymous form, but the bigger the transaction gets, the harder it is to do with cash. |
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I was wondering about this. many people want to encourage crypto adoption in their country. but whether when adoption happens they will use it. or they are more comfortable using FIAT.
an example is a country has fully adopted crypto and they released their own stablecoin. they also legalize some other big crypto coins like bitcoin, ethereum, and some stablecoins like USDT or DAI. and you become one of the citizens of that country. which one will you use for daily transactions. stablecoins issued by your country's central bank, or mainstream crypto coins like bitcoin. or privately released stablecoins such as tether. or keep using cash because you are used to it. and give the reason why you chose that coin.
For daily use, I would choose stablecoins issued by my country of course. Less likely to fluctuate and cheaper fee for small amount of transactions like buying a burger, get a haircut,... Crypto like bitcoin or now ethereum has gone from being daily use to more as an investment so I don't think anyone would use it for daily use purposes. But it is still government issued digital money, which in m opinion is the worst of version of any digital money we can have. They can check every single step you do, know about every single item you buy, where you buy and when you buy, how much you spend or day and any behavior that can be deducted from your consumer behavior. I am not so sure if that is really a good version of digital money. They definitely won't make it anonymous. |
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I still hold some coins in my wallet maybe the coins I hold will not have much effect on the bull run because there are some old coins that don't have the slightest movement until the day, to wait for the altcoin bull run to occur I recommend some other coins BNB, QTUM, and Ethereum definitely has some influence during the bull run
Even no one can predict about any crypto which is going to have better in next bull run mostly happen just unexpectedly we have some good number of millionaires recently just because of one meme coin and this is just one example recently we have some good number of projects which are run by scam devs because they want to fill their pockets with money they have nothing with this crypto or community which is terrible for this community because just because of these peoples we have some very bad impact on many peoples. Now coins I feel very good about very few and these are BNB, Ethereum and Solana I am sure these are very good and have some very good until next bull run. Which is still quite difficult to pull off because imagine you hold such a meme coin and it starts pumping hard. What are you going to do? If you hold and it dumps heavily you call yourself a fool. If you sell way too early you also call yourself a fool. It really needs a lot of courage and balls of steel to hold a currency like Shiba until it makes you a millionaire.  |
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What? What do you mean?
Even if these projects will be successful in the future, there is really nothing to gain from them. So why focus your interest on them? If you have $1,000 worth of a CBDC coin, it will remain to be $1,000 in the future. That's because a CBDC is a stable coin, because that's a fiat coin. That's issued by central banks. There is really no growth in them.
The hype of DEFI has waned down already. The current trend is more on NFT.
do you know what I mean ? There's no need to theoretically explain it, and I think you're not really understanding it at all. Seems like very few projects pursue this field and make you show it as 1  I found some projects like https://hedera.com/ do your research and see for yourself how you understand it, and I don't want to argue with someone who doesn't understand it. "The hype of DeFi has waned down already"... That is an interesting observation. I am also relatively well involved with DeFi and NFTs, financial success of these digital assets is not only about hype, it is about fundamental development, innovation and progression that will pay off in the long run. There was no hype around Bitcoin every now and then, but where is Bitcoin now? Did NFTs take away attention from Bitcoin? If yes, how? DeFi is growing at an incredible pace and so is the NFT space. No need to talk one down in order hype another one up. These fields will continue to grow. |
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I'm already done investing with meme coins. I had 8 and only 1 of them that I made at least x3 profit. The rest are just either at a loss or rug pull. I know that others are happy with the gains of DOGE and SHIBA, but they're not good in the long run as they have no real fundamentals. Look at the latest rug pull of Squid Token. People fell for it because it was inspired from a popular Netflix series without doing their own research. Only luck ones had got out before the unexpected happens.
Yes and even if it doesn't end up as a rug pull, how on earth could someone predict a moon flight like Shiba did? I really didn't believe that to happen ever. It is certainly manipulation, but yes I know that is what you have to take into account trading cryptos anyway. Still though one would wish for some rationality because that would make analysis more valuable. Then again you could argue that I should just change my style and way of analysing coins. Shiba went so crazy that I am still shaking my head! |
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If it's about competition, all the platforms OP suggested have that factor. However, the only competitors that I think are able to compete directly can only be Binance Smart Chain and Solana, both of which currently show useful features and solutions that ETH cannot yet have. But personally I still think ETH 2.0 will still lead and be the strongest altcoin in the crypto market.
With the reason being that both Binance Smart Chain as well as Solana are way more centralized than Ethereum if I didn't miss anything. As far as I understand Solana increases decentralization over time, but even then it probably is not as decentralized as Ethereum is and will be. This doesn't mean that BSC and Solana aren't great platforms. In fact they are outstanding projects. Right now BSC is kicking it, there is no question about that and we will see what happens if Ethereum finally manages to scale. That is by far their biggest bottleneck. |
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I usually receive USDT (TRC20) for my salaries and other gigs most of the time and so far no problem until now. However, it is centralized in which it can be frozen anytime without warning but it's stable and widely popular for cryptocurrency traders. Sometimes I receive BUSD and DAI, but haven't tried USDC yet.
The issue with centralization is true, but that is the trade-off right? They are smooth to use, efficient, cheap. If you take algorithmic stable coins there is risk involved, you are usually subject to volatility and also to a required collateral. I have never had a problem with USDT (TRC20) either and I also like BUSD just because I think that Binance is too big to fail and extremely profitable so why should they scam their users. |
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This is still very hard to believe, there is no such thing called honor among thieves, how can an hacker go through a lot to hack a security server just to return the money they stole? This doesn't sound right and I believe that we are only hearing half part of the truth
Wasn't the problem for the hacker that they couldn't access the coins securely? I don't know if someone maybe whistle blowed and the other side had some information about them and they made a deal not to disclose the info if the hackers return the coins or something like that. I guess that we only know half the truth is probably right. The hackers might have been surprised themselves that it worked out, overwhelmed by the success they decided to pull it off and then realized that this is going to put them in jail forever if they made a mistake and didn't completely destroy any trace that might lead investigations to them. |
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Whether or not digital currency is worth investing in, I think, depends on one's level of confidence. Because, investing in cryptocurrencies has a greater risk than investing outside of crypto.
Again I say, worth it or not, it depends on one's will.
Investing in digital currency is a smart choice for someone, apart from being able to monitor the market movements of investing in currency, we are the ones who manage it ourselves. Therefore, I think your statement is not correct. investing in digital currencies has little risk if one is not smart in analyzing and reading market charts. He generalized his statement too much, but the point he is trying to explain is probably that the stock market with real companies backing the stock is a safer investment in that there isn't all too much you have to do if you invest in companies like Amazon or Google. Well established companies with dividends and a proven track record. In crypto that is indeed quite a bit different as things can turn around very quickly. Just take the crash of this year as an example. You wouldn't really have to expect that to happen when you buy Amazon or Google stocks, but with crypto that is possible anytime. |
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Hello Guys! What do you think that etherum is best pick of 2021 or BNB is best for 2021?? Give your opinion I think that etherum is best choice of 2021.
although many people say that Ethereum has expensive gas fees, but I still prefer to invest in Ethereum, because Ethereum is a pioneer of blockchain networks, so that makes Ethereum more popular and valuable than BNB, especially later if ETH 2.0 has been launched, then of course it will make the price of Ethereum can increase very high (at least $10k), so for now I choose to invest in Ethereum, because I believe Ethereum can give me a big profit in the future than I invest in Binance. Nokia was a pioneer in developing small phones. Just do some research on how many pioneers paved the way for others to be successful but went bankrupt themselves. That is absolutely no argument to invest in Ethereum. It doesn't matter what you did in the past if you stop delivering at some point in the future. What makes Ethereum attractive as an investment are the existing prospects it has because there is ongoing and vibrant development. If that wasn't existent, Ethereum would still be a great investment for you because it is what you call a pioneer? |
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Despite the bad news about the infrastructure bill and all the uncertainty that is circulating for cryptocurrencies, the market holds incredibly strong and even makes gains. This alone is good news enough to cover the bad news that popped up in a lot of outlets and online media. Everyone expected a harder crash also with the hack of Polygon, which was massive, but no, coins are performing well.
Now the market knows how to react when a rumor surfaces regarding the government actions. Also, hacking of wallets happen every now and then, and what happened to Polygon was not unique. If they can't keep their coins secure, then it is their problem. Ideally such hacks should not have a major impact on the exchange rates of other coins. And there is one correction to your post. The victims were Poly Network, and they are different from Polygon (MATIC). Poly network is a Cross-Chain DeFi platform. Thanks for the correction, noted!! Anyway, yes sometimes it does have influence because there might be a huge backlash from stolen cryptocurrency. For example if they steal a billion dollar worth of Bitcoin, there is a good chance the might convert it to Monero and dump it. Or any other coin that is likely to be converted. I know it is not like the whole market should suffer, but it can definitely have an impact on other coins as well if hacks are of a certain magnitude. |
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What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
There are many ways to get passive income in crypto, staking on Pancakeswap is only one of them, now it is more developed, such as farming using NFT, this type of farming is usually in blockchain games, the item you get is NFT, and when a player has many items in the game , players can do farming there using the items they have, quite profitable because you can also sell your items in the marketplace, usually NFT games have their own marketplace. But still when you lock up your coins for staking on Pancakeswap isn't there immense risk that the volatility of the coins you are staking will eventually undermine or even destroy any gains you make if you are unlucky? It is not 100% safe to stake, is it? |
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They can't really prohibit anyone from writing the code, but only from publishing it, but what would happen then if exactly as you say go to a country where it is allowed and publish it there? Even if you return, on what legal grounds are they going to sue you? It's is going to be almost impossible for them to forbid writing code.
Of course, the government cannot stop developers to write the code, no way to stop it. But since they prohibit publish it, it is very annoying for developers, they must move to another country. Actually, the government must understand that prohibition isn't the right solution, should consider other proper ways. Why don't think about making some regulations but not stop it, right? The regulation should be friendly with the developers and fulfill what the government wants. Maybe they don't even have to move to another country. What if they set up a company with a partner in a country where it is allowed to publish the code or make a deal beforehand with someone who publishes the code in their own name in a country that does not prohibit people from publishing the code? I think there are a lot of ways around it if that turns out to be a problem. I don't see a realistic way for government to crack down on people who write code and hand it over to someone who is allowed to publish. There is a similar problem with ghostwriting. If a ghostwriter writes a thesis and argues that he didn't know it was for academic purposes or abuse, there is nothing you can do against the ghostwriter unless the court can prove otherwise, and they can't if there isn't somewhere a written note that states exactly what the court needs. |
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It is possible, but many countries already legalize crypto. If in a country the government prohibits the developers, then they can move to another country that is crypto legal there. For example like Binance ever did, they move from China to another country that accepts crypto projects/companies. So, there is still a chance for the developers to create new crypto coins. We don't need to worry so much.
It is possible, but in the other sense this is to maintain those new projects that don't have any other thing to do but to scam people. But if it's a legit company that they've stopped. That's what they're going to do and fly around to nearby country where they're allowed to make it. But I think that's too much for them if they're just a new coin and starting out. Legal harmonization will be a big problem not for us, but for regulators. They can't really prohibit anyone from writing the code, but only from publishing it, but what would happen then if exactly as you say go to a country where it is allowed and publish it there? Even if you return, on what legal grounds are they going to sue you? It's is going to be almost impossible for them to forbid writing code. |
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To get passive income at this time of course BNB is one that we must consider, then for now the BSC network continues to grow and this will have a positive impact for binance and the price continues to increase until now, to invest in the coin is the right choice and you can also glance at other coins whose prices are also being increased such as ethreum and TKO that we can currently rely on.
It is becoming noticeable that BNB and BSC is getting the traction although it's already popular. There's more projects that are running on BSC and carries the popularity of BNB because of its chain. The problem with the BNB Chain is that it is largely centralized or the few nodes are mainly from Binance. Apart from the fact that this is not in the spirit of crypto, this is also fundamentally a danger. Binance is a company that has so far been able to successfully evade any control and regulation. If the company is banned, the chain will also be dead and any assets on the chain will be worthless. I have only used BSC so far but never looked precisely into the validator structure. Is it known who the validators are? Is it also known that there is a good chance Binance themselves controls most of them? Could they easily roll back the chain if they wanted or are there any security measures in place to prevent that from happening? I think so far a lot of users haven't really looked into how BSC is really designed because everyone trusts Binance, but that might change quite a bit if some of the rumors going around about Binance turn into reality and cause them some trouble. |
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The issue with that rule is that keeping the rule up is in itself kind of an emotional process. I think it also isn't distinct enough to just say put your emotions aside. Analytics and emotions aren't necessarily mutually exclusive or contrary to each other by a 100%. Not sure if I convey my thoughts comprehensibly here, but excitement also is an emotion and perhaps exactly the emotion that made you make a rational decision to get into the crypto market. I would rather say you should try to not get overwhelmed by your emotions or let it frequently lead you to make bad decisions. If that happens, you need to reiterate your approach. Emotions can also be a healthy warning signal. If the coin you are holding drops like a rock towards zero and you are sitting on your chair without any emotion, telling yourself thing will turn out to be good, haha, funny scenario to think about. Good point, there are certain situation that you needed to consider when you are dealing with this kind of business. The fact that emotion always influenced your decision-making if you failed to control yourself or if you failed to work with your emotions the next thing you'll see is making decision in the early stage either selling or buying your assets. It's always better having a balance mindset, for sure it leads you to the right side in succeeding your plans within your target time. I think a blanked mindset is a good term to describe what is needed. Putting emotions aside doesn't make sense and usually hardly anybody can do that to its full extent anyway. If you are good at keeping your mindset in balance, staying calm when developments exceed your expectations in either direction, that's what I think is required to be successful as an investor. |
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