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Seems like most people just want to become super rich in a short period of time.
If you don't believe in this new technology, and just want to earn quick money, I think you will probably not achieve what you want.
All I want to say is be patient, live your life, and don't get too emotional by all the negative news/FUD. Yes, crypto might be ended in a really bad way and you lose most/all your money. But if you truly believe in the new technology, just invest the projects you like the most and hold until it gets mature and returns.
I completely agree with you. Very correct thought. I hope that my investment will go to my children. It's possible that this will all end suddenly. However, I hope that this huge market of investments and absolutely new projects will develop more and more. |
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Why do we need to diversify our holdings? why we just all in in one coin to have a one time bigtime profit.
Diversifying is about putting your funds in multiple places to minimize risk. By allocating your money across different stocks, for instance, you spread the risk around, so that if one stock’s price goes down, you won’t lose all your money at once. You can also diversify across different industries. If you only invest in oil companies and the price of oil drops dramatically, chances are good your portfolio is going to take a hit. But if your money is spread across multiple industries, you’re in a much safer position. Likewise, diversifying in different asset classes hedges against risk in one versus another. A classic example from traditional investing is stocks versus bonds, two asset classes that tend to react in opposite ways to bad news in the market. So if you are diversified across both, one is going up while the other is going down, and a loss in one class is offset by gains in another. Read more: https://medium.com/faast/why-diversification-is-so-important-with-cryptocurrency-2ea870ceedb8 |
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Philippines is way far behind, tho most people now prefer online shopping. Also because credit cards are limited to the middle-class population.
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Over 900 Million pesos worth of bitcoins been scammed.
Filipino couple amasses at least P900M in alleged Bitcoin scam.
MANILA, Philippines (UPDATED) – Police have nabbed a couple promising easy wealth through popular cryptocurrency Bitcoin, Philippine National Police (PNP) chief Director General Ronald dela Rosa announced on Tuesday, April 10.
Arnel and Leonady Ordonio were nabbed by PNP Criminal Investigation and Detection Group (CIDG) operatives – the police division in charge of high-stakes and high-profile crimes – in Vigan City last April 4 through an entrapment operation.
The scam, Obusan said, is structured like a pyramid scheme but with electronic money.
The Ordonios apparently had middlemen who lured people to invest. They promised to pay victims with their earnings every 15 days.
Fueled by the worldwide Bitcoin hype, more and more people were baited by the Ordonio couple's promises.
The complaints started piling in when investors lost contact with the Ordonios.
Whats happened next?
Around 50 angry victims stormed to Camp Crame on Tuesday, asking the couple if they could still get back the money they had hoped would grow.
Will bitcoin be banned because of that?
The government can't even fix traffic issues more so a great decentralized technology such as bitcoin. It should be regulated tho to prevent scams. |
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sacrificing time and sometimes own money.
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Not a savings, but an investment. No one could tell how bitcoin will perform in the future. Better diversify those funds if it will be used for emegencies.
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I just noticed some questions about this topic so I listed some seven reasons why people want to have a cryptocurrency transaction rather than fiat.
1. INCOGNITO. this is the main reason why people use it. You cannot trace crypto transaction and its perfect from hiding.
2. CONVINIENCE. people nowadays are so lazy that they want to have transaction while seated comfortably on their home. With just one click , crypto can be transferred as payment to whatever they want. Well, who doesnt want that anyway.
3. TREND. basically, people want to try something new, something not ordinary , something innovative and if it was used by all their friends, they want to use it also.
4. ILLEGAL. yes, i dont want to include this but i saw many topics about this also. If you want to buy on black market or an illegal item, your transaction should not be traced as i said on our first reason so Crypto will help you hide on cops but not forever.
5. MODE OF PAYMENT. this is where some people buy an item usually using the profit they had on investing bitcoin even just holding. Ex. If you have 1btc and after a month it becomes 1.5 btc and you want to buy an item that cost 0.005btc and crypto is accepted as a mode of payment, you will use it ofcourse rather than fiat.
6. TECHY. it seems that techy people using cryptocurrency as a mode of payment see themselves as going with the flow of technology considering that bitcoin is the new technology of currency for the new generation.
7. SHOW OFF. whether we admit it or not, some people use cryptocurrency just to make their status up. Telling their friends about how wealthy they are and keep boasting for their ego.
This is what i noticed. So which one are you?
A little of each. I'm still waiting for it to be the things it should be, replacing electronic transactions without relying on third party. |
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Hodling is not a smart strategy. People are just lazy to study TA.
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The Rise and Fall of American Growth. The book discussed about how artificial intelligence will become a huge part of the economy. Something that we should keep an eye on as we can already observe it presently
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Cryptocurrency is a millennial thing. Its just too early to tell if it can be a retirement investment.
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I use ledger nano as well. Easy to set up and cheaper than other hardware wallets.
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Definitely good news. With this kind of news, 2018 will be huge in terms of volume. To the moon! |
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This is a sequel to this thread. If you are interested only in the fat of the thread and the cream of the theme, look no further than this and the second post here.
Many people say that you should work hard if you want to succeed in life and rise to riches. I'd rather say that working hard will only make your boss richer, not yourself. On the other hand, there is an age-old adage which says that you should be working smarter, not harder. But working smarter is a vague idea, and I'm interested to hear what people have to say on this topic. As far as I'm concerned, I think that working smart comes down to creating environment where you will have more chances to meet Lady Luck smiling at you, where you will be able to hit a lucky strike because luck plays an ever-important role in our lives. For example, if you want to find a date to have a romantic relationship with or you are looking for a one-night stand only, you will go to a beach or a bar since your chances are higher there, right? The same approach seems to be applicable to work as well. In other words, stick around the places where your chances of success are the highest. So share your opinions here, guys. What is your practical take on working smart? Spend a few years working really hard and use your weekends to work on your passion. Learn to manage your time like a pro. Don't work, work for freedom. |
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Of all the large companies that are now large internet players, do anyone particularly scare you in terms of how you data and track could be used? Amazon, Facebook, Twitter, …?
How about google? It collects more data than Facebook like search history and even the locations you've been. |
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Bitcoin/Coins.ph are so many way to make our life easier specially for OFW.
*They can use it to remit a money for their family in Philippines in a very convenient.
*Bitcoin is also way to earn extra money by using earning some satoshi or faucet.
Please share more on how bitcoin can help.
Don't Hold bitcoins. Invest your time to know how it works. It has a lot of benefits but also requires a lot of risk. |
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