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Alternate cryptocurrencies / Altcoin Discussion / Will Loopring cryptocurrency reach $50?
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on: November 14, 2021, 07:02:57 PM
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Theoretically Loopring (LRC) cryptocurrency can reach $50 but I don’t think that it will happen any time soon. At the moment Loopring price sits at around $3 and in order to reach $50 it should increase price 17x. Loopring fully diluted market cap is around $4 billion so if it increases 17x then it will be $68 billion which is bigger than Ripple (XRP) and just slightly less than Cardano (ADA) and Tether (USDT). So, it is possible for Loopring (LRC) to reach $50 but it will take time on my own view.
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Alternate cryptocurrencies / Altcoin Discussion / What are the best ways to invest money?
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on: November 12, 2021, 10:58:51 PM
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To my own knowledge and i will also be glad if i can get some opinions to me before you ask what, ask why. Why are you investing?
Investing is like a project. All projects have a goal or finished item.
What is your goal? Be specific. Getting rich is not specific. One million saved or $1000.00 a month in dividends is specific.
Your goal should be your realistic. One million is realistic. One billion is not. One thousand in dividends is realistic, $10,000 per month, no.
Define your time horizon. Months, years? The time will help you to stay on target and provides measurable times.
Always take risk into account. What is your risk tolerance?
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Other / Off-topic / What Is The Difference Between Being Wealthy And Rich?
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on: November 12, 2021, 01:12:34 PM
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There are many definitions for being rich and being wealthy. To me, being rich is about how much money you make or appear to make, while being wealthy is about how much money you have. I know people who make $500,000 per year but have little to show for it because they spend it all. Others make less than $100,000 per year but have saved and invested their money.
There is nothing wrong with being rich and making a lot of money. I also see nothing wrong with buying things that make you happy, whether they are expensive or flashy. However, if you are making a lot of money and buying a lot of things, you also need to have something to show for it. I personally took the route of building wealth before I started to buy expensive things. I also see nothing wrong with building wealth and not spending money if that makes you happy.
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Economy / Trading Discussion / How do I not lose money in trading cryptocurrency?
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on: November 10, 2021, 06:37:03 PM
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To what i think on my own view i don't know if i can get more knowledge and understanding to this.
You just have to understand the market, you need to be able to study and know when it’s a right time for you to invest and withdraw your crypto currency. And also remember only invest money you know you can make back even if you lose the money.
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