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It’s been all over the news how vulnerable older versions of crypto wallets can be. Right now, it’s the name of Metamask that has come out in the open, but I think there will be more to follow as well. This shows that using a crypto wallet isn’t enough, but one should ensure that it is up-to-date and has multiple layers of security. I also think it is better to divide the investments into multiple wallets to reduce the risks. Is anybody using multiple wallets here? If yes, then which ones are those, and how good are their safety features?
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I’m looking to trade cryptos cfds and have found a few brokers like turnkey forex, eaglefx, justforex, and lqdfx. Which one should I go with?
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Thanks for sharing this list of forex brokers. Helpful for anybody looking for the best crypto broker. I like that they also offer high leverage for crypto trading. The best part about crypto cfd trading is that you can earn profits without having to worry about storing your coins safely. The best crypto broker for cfd trading gives you access to a variety of trading tools and lets you go either direction, be it long or short, to earn profits.
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Bitcoin is operated by a non-government decentralized authority, which is the prime reason behind its transparency. All transactions through Bitcoin undergo massive computerized verifications. Anyone can access the public ledger where the Bitcoin balances are stored. IMHO, it will never be possible to regulate Bitcoin by any one centralised authority.
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Presently the blockchain technology is in immense use and widely accepted by several sectors primarily because of the safety it provides. Various sectors are using this latest technology to enhance their existing system and grow business rapidly. Hence, it is in no way possible to ignore Bitcoin in the coming future.
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The best advice I can give to newbies is not to take risks when you are not prepared. You might see the market as an easy way of making money, but when you actually start doing it, you will understand that it is not that easy.
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Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?
You might be wondering why a lot of rich people are involved here. They are investing crypto not because they look for any backup by any physical asset but they consider this as a digital investment. They find it risky (as well known) but this never gives them hard to understand and I think you can do the same if you want to. May you have to start in small amount and for you to prove that investing in Bitcoin is worthy of your trust. Risk takers will take the risk but if you are doubtful, I guess you will not have to try. Starting with a small amount is always the right thing, my first btc trade was just 0.001 btc. Wasn’t sure back then if crypto trading is for me. Do brokers allow such small investments, and is it even worth? |
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Let’s not forget leverage, one solid tool to amplify your earnings. But a word of caution: it’s only for those who know how to manage risk and have a strong risk management strategy in place, like using only limit orders and a fixed sl, risk/reward ratio at 1:2, and keeping an eye out for all the correlated factors.
Any altcoins you looking at, besides eth? And which broker are you using for leverage |
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I think being a day trader can earn bigger profits than long term investments, but being able to do both is much better because you can get a much bigger profit. the profit you receive from daily trading you will receive at any time but with a small amount, but if you make a long-term investment you will enjoy a very large amount of profit in the future.
Being a day trader seems more safe to me, cause what if bitcoin suddenly crashes, you never know when Elon Musk or some other celeb might dump the coin and the whole crypto market will shake. If one has the technical skills then it’s better to daytrade. |
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I think that forex would be a better choice when it comes to trading. It’s more predictable compared to crypto trading and you can trade while having more control of the situation.
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No one can create the right strategy in the first attempt. It is created through re-evaluation. Analyzing your mistakes and making required changes will help you improve.
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Yep, that’s correct @Btcvilla. This news will have a good impact on bitcoin trading in other countries too.
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Bitcoin is real till it has this wide range of support from the big tech giants and government. Once their agenda changes, the value will go down swiftly
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I can't really find the source code for it. Has he shared it or did I miss out on something
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A Lot has changed there. Solo mining is still allowed but I don't think you will be able to hit a block with a solo mining wallet. Try using solo pools they might help
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Bitcoin is here to stay I believe. There are so many technological benefits it carries and it is about time that other countries and organisations start accepting it as a currency
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Getting a bitcoin is a reward for hours of hard work of solving algorithms with expensive hardware and not many can achieve that feat. Many miners have shut their business because it costs a lot. Moreover the limited supply is what drives its price up.
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I am not surprised after reading this article , tech giants are in love with crypto currencies because they believe they understand the ecosystem and that they are coming forward in support of it is a big push for cryptocurrencies. But the article also says that he started his own cryptocurrency which then leads us to one question: does he really believe in Bitcoin or is it just for his personal interest .
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Bitcoin is a decentralized crypto currency and doesn't have a proprietor. Yes, it was created by a person who called himself Santoshi Nakamoto but that doesn't make it a private currency because it works on a public block chain network and is used as a reward for someone who completes and adds a block to the blockchain .
So calling Bitcoin a private currency is incorrect as there is no organization or a particular person involved controlling it .
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@RainbowKun Your viewpoint about Bitcoin after 100 years is explained in a superb way. Even I feel somewhat the same way. The price of Bitcoin would rise and fall in the time to come. I believe that Bitcoin would be existing after 100 years too but unfortunately we would not be living till then to see what actually will happen.
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