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Putting all your money into a single investment is never wise. Even if it is a good investment, you increase your chances of acting emotionally in times of high volatility.
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If you are making money by holding it, you actually have a job, you are an investor. If yours earnings come from trading, you are a trader. So there is no such thing as eaning with Bitcoin without a job. Also, keep in mind that, unless you live in a third world country, you would need tens of Bitcoins to earn a living from it.
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I'm a Bitcoin believer. But something that I've learned is to have some alts saved for the long run, but I know enough of Bitcoin's potential to have more than eighty percent of my portfolio on it.
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From previous posts, it looks like there are people making a profit out of it. But in the long term this interest rate is simply not sustainable. If you do not understand the math, a compound interest simulator can help you understand.
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Some of it is probably due to the fact that most of these coins are premined, instamined or have an ICO. And when people holding large amounts of coins start to dump to get bitcoin at cheaper price, that's what happens...
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I don't see many people close to me with this knowledge, but I see on the internet a growing interest from users.
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ETC or nothing....
I think the concept of Ethereum in general has several flaws, but if I had to choose one of them to invest, it would probably be ETC, since it's more decentralized, and it's not going to Proof-of-Stake
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Circumstances will make people accept this concept. The tendency is that all fiat currencies will fall in value in the long term, and this is already possible to realize in some countries like India and Venezuela.
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I was looking for a reason for the recent surge in price, this certainly clarifies things, It's probably going to make things easier for people interested in diversifying between Bitcoin and Litecoin.
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I hold Bitcoin mainly because I consider it an efficient way of storing value, but I do not deny that the possibility of profit is an important factor that prevent me from selling this too soon. However, if I do not make a profit from it, it's okay, because I've invested only what I can afford to lose, and, as I said, I like using Bitcoin to store value.
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A gambling website or some other service in the entertainment business can be a lucrative investment, but you need to do your own research beforehand. Moreover, everything will depend on your skills in the business.
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That means achieving market capitalization in the order of trillions of dollars, so I think this will take many, many years, not a few months.
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I think governments prefer to avoid anything capable of bringing publicity to Bitcoin. So I think governments would not take this step.
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I see that many users recommend trading, but it is important to remember that in order to obtain such gains, it is not enough just to study the market, it is also necessary to have capital to invest. Therefore, I think that first it is necessary to find a good job, to obtain a stable income. In this way, it becomes easier to accumulate capital to invest in the market.
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I've never heard of this coin before, but I just realized that it is among the top thirty in coinmarketcap. Anyway, I find it very unlikely that any altcoin, with existing technologies, would replace Bitcoin.
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For those who were predicting a value above USD 850, a few months ago, they were not wrong. At the time, it was possible to realize that Bitcoin was about to rise to much higher values, since the effect of halving was taking effect, and continues to take effect so far. In addition, there is growing demand in the market, because there are people who saw in Bitcoin a useful way to transfer and store value.
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