mirakal
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Leading Crypto Sports Betting & Casino Platform
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July 05, 2023, 09:44:47 PM |
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Your friend is lucky that he get benefit from all type of coins which is very difficult. Some new coins are very difficult to reach maximum price and holders fails to get profit. I think your friend should avoid this Babbitt because this time he get profit but may be next time he loss his own money too because new and unknown coins are risky for investment.
Diversification is beneficial but not in such coins which you have no knowledge and no previous data so just diversify your money into 3 or 4 project but those project which gave profit to its holders. Knowledge is necessary because luck will not always helps you in getting profit so be conscious about project and create your experience through investment in successful projects.
Learn to diversify but only to those you know will give benefits too. Because if you take risk investing in altcoins today so you can make use of their future profits to buy bitcoin, then I’m not certain when it will possibly happen. Otherwise, you are just investing at a loss. However, you can always diversify by not investing into crypto again, but by taking some risk on stocks or bonds, or by simply investing in real estate as its value will always appreciate in the future.
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Franctoshi
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July 05, 2023, 09:52:38 PM |
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Going by the little of this topic do not limit your investment, by doing that you already shut the down doors and windows of potential investment opportunities. Engagements in various or what we could term diversification of portfolio is a very good thing to do when it comes to investment because it will saves us from the doom we may encounter in limiting ourselves just to one type of business investment .
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Popkon6
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July 05, 2023, 11:22:01 PM |
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I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy.
@Op your friend invested in the right place at the right time. Especially at first more than half of assets were invested in Bitcoin and some assets in AltCoin section. But benefiting from that is currently staying within Bitcoin. But your friend also knows that Bitcoin is the best among cryptocurrencies so Bitcoin will be the king of cryptocurrencies now and in the future.
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MiF
Sr. Member
Offline
Activity: 1442
Merit: 258
Reward: 10M Shen (Approx. 5000 BNB) Bounty
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July 06, 2023, 05:57:37 AM |
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I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.
It depends on the strategy and mostly the luck if you have a good strategy but you are not lucky then you still end up loosing,because crypto is really needs a proper understanding with focus it is a high risk kind of investment and not all investors earn on it, sometimes we need to have a limit on investing or even on trading to make a good profit.
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Japinat
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July 06, 2023, 08:33:04 AM |
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I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.
The problem with these altcoins is that even if you buy them at zero value, you will never know if their value will truly appreciate in the future that’s why some invested on them and end up regretting, wishing they only stick to bitcoin regardless of its quite expensive price. I guess your friend was just lucky that time, because if he insist it doing again these days, surely he will only suffer from great losses.
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ancafe
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July 06, 2023, 10:50:32 AM |
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I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target.
Insiders' strategies collecting bitcoins are different and you can't completely copy their style either. Investing heavily in non-fundamental coins will be much riskier and you won't be able to fit a budget like your friends. Luckily your friend's selfishness can bring him to the stage to collect 3 bitcoin pieces, then try to imagine when the strategy doesn't go according to plan. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.
It would be quite a hassle controlling zero-value coins and most of the ones I saw would end up dead. Then what big hopes do you want to achieve in a coin like that and I don't really believe that your friend has reached 3 pieces of bitcoin just relying on coins that are worth zero. It could be that he didn't convey the process when he started diligently to collect bitcoins, so in-depth analysis is needed when you have high hopes for coins that are worth zero.
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arwin100
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July 06, 2023, 10:57:46 AM |
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I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.
The problem with these altcoins is that even if you buy them at zero value, you will never know if their value will truly appreciate in the future that’s why some invested on them and end up regretting, wishing they only stick to bitcoin regardless of its quite expensive price. I guess your friend was just lucky that time, because if he insist it doing again these days, surely he will only suffer from great losses. Luck is needed when deciding to invest on no value coins since most of them are already been abandon by its dev so the risk is so high for deciding to put some bucks with it since we doesn't have any guarantee that we can get back our funds. Much better if we go on best alte in the market rather deciding to look for no value or even low cap coins or tokens since the risk to lose money is so high on this decision.
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benalexis12
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July 06, 2023, 01:46:48 PM |
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I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.
It’s good to diversify your investment especially if those other investments have also high potentials to succeed. Aside from bitcoin, I usually save some established altcoins too because most likely when bitcoin reaches its peak price, these altcoins will also bound to follow. But that was only before when altcoins have still chances to progress, the thing that’s so hard to expect today. The reason why instead of altcoins, I go for gold and real estate so I can still diversify my investments and whatever profits I gained, I always put bigger allocation for bitcoin to increase my hodlings. It is good to buy potential altcoins, especially those in the 20s in the market, because when the value of Bitcoin falls, for sure almost all altcoins in the market will also be pulled down. And this is an opportunity that is good to buy, and good to take advantage of, actually. Because when the value of Bitcoin increases, it will for sure also pull the top altcoins in the market for sure, this has happened several times so when the bull happens, for sure most of the altcoins that have real potential will increase.
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green_nelson
Newbie
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July 06, 2023, 02:21:20 PM |
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Among all the services I've used, only XGo understands the importance of security in the crypto space. Their mobile app incorporates cutting-edge measures like decentralized authentication and cold storage to keep my assets secure. It's a fortress for my investments.
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jaberwock
Legendary
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Activity: 2730
Merit: 1127
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July 06, 2023, 04:51:39 PM |
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I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.
Know that every investment does not guarantee success and profitability, that’s why if you have the sufficient funds for capital, learn to diversify your investments so that if one investment fails, other investments will still have chances to succeed. However, on part of OP’s friend, he uses altcoins just to achieve his goal for bitcoin. Maybe that was only applicable when altcoins are still profitable but seeing how the altcoins these days gradually lose their value, I don’t think investing in altcoins aside from bitcoin will still be a wise move. I agree that it is not going to be that easy, I know that it will take sometime but eventually we are going to be able to do it. Diversification is a hard thing to do because it is not easy to find these things quickly, most people end up investing into either nothing different and just top names, or they end up investing into silly stuff that shouldn't be invested. I always aim at top 10 coins, maybe a bit higher after that but that's the point, not the stable ones though because stable coins are stable as the name suggests so there is no need to invest into them. I personally like to do what I do and there is nothing wrong with that, however I would suggest everyone to find their own thing they like to do and diversify based on that.
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Dr.Bitcoin_Strange
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July 06, 2023, 10:16:13 PM |
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It could be too risky to invest now in altcoins particularly whose value is almost zero as you can’t guarantee if they will get the chance to recover or just continue to be dead coins in the end. That’s the reason why I can’t risk my money with altcoins at the moment. However, I must say your friend OP must be very lucky that he never experienced that. Probably those were the times when altcoins are still profitable same with bitcoin, one thing that’s hard to be realized these days.
Altcoin investments are very risky at all time, no matter when you invest, even if it's during a bear or bull market. The truth is, you don't know that token or coin that can give you a 100X profit. Anyone who chooses to invest in Altcoins should also make the decision to handle the loss should the project crash. Some altcoins will pump during a bull market, but after the bear market comes, you will see them fall so drastically that some investors will be happy that the token has fallen, thinking that it's the right opportunity to buy, but after they purchase such a coin, they may realise that it keeps falling until it never increases again, even if it's during another bull market. Cheers 🥂, Dr.Bitcoin_Strange 👺👺
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Obari
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July 06, 2023, 11:44:20 PM |
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I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.
Good for your friend and by 3 pieces I believe you mean he already holds 3 bitcoin and that's amazing but no matter how promising a shitcoin or altcoin might be, I've always groomed myself never to get involved because they are basically scam projects because they mostly end as a pump and dump and it is always on rare cases where you will an altcoin doing well and ethereum is one of them. I guess your friend invested in shitcoin when most of the projects seemed legit and not now when every altcoin seems like a scam else he wouldn't have been here testifying this .
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awik p
Full Member
Offline
Activity: 1526
Merit: 111
Pepemo.vip
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July 07, 2023, 02:19:48 AM |
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I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.
Good for your friend and by 3 pieces I believe you mean he already holds 3 bitcoin and that's amazing but no matter how promising a shitcoin or altcoin might be, I've always groomed myself never to get involved because they are basically scam projects because they mostly end as a pump and dump and it is always on rare cases where you will an altcoin doing well and ethereum is one of them. I guess your friend invested in shitcoin when most of the projects seemed legit and not now when every altcoin seems like a scam else he wouldn't have been here testifying this . even though he invests his funds in shitcoins or altcoins, I'm sure he is a smart person, considering he can collect 3 bitcoin pieces, and of course his main investment is in bitcoin, so even if he loses money on shitcoins it doesn't shake his finances, because it must have been calculated from the start . it's not easy to collect up to 3 bitcoin coins, and I don't think it's just luck factor, of course he has good knowledge and strategy
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irhact
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July 07, 2023, 09:47:24 AM |
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Because when the value of Bitcoin increases, it will for sure also pull the top altcoins in the market for sure, this has happened several times so when the bull happens, for sure most of the altcoins that have real potential will increase.
How do you know then which of the altcoins has real potential and that's why investing in altcoins is very risky because we don't know which one will make it. Not all altcoins rise with Bitcoin when it rises, some also falls as traders dump them to buy Bitcoin. If you're unfortunate and buys those that'll be getting dumped like the memecoins, you'll lose. We don't have to limit our investment but when investing in altcoins we have to be extra cautious. It's better you avoid investing in altcoins totally because they can make you to lose money more than making you money, altcoins rise fast and give huge returns than Bitcoin but they also dump faster because many of the altcoins are just used for pump and dumps by whales.
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Inwestour
Legendary
Offline
Activity: 1176
Merit: 1096
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July 07, 2023, 10:36:02 AM |
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How do you know then which of the altcoins has real potential and that's why investing in altcoins is very risky because we don't know which one will make it. Not all altcoins rise with Bitcoin when it rises, some also falls as traders dump them to buy Bitcoin. If you're unfortunate and buys those that'll be getting dumped like the memecoins, you'll lose. We don't have to limit our investment but when investing in altcoins we have to be extra cautious.
It's better you avoid investing in altcoins totally because they can make you to lose money more than making you money, altcoins rise fast and give huge returns than Bitcoin but they also dump faster because many of the altcoins are just used for pump and dumps by whales.
Therefore, altcoins can be used for trading, perhaps even short-term and sometimes medium-term, for long-term investments, I would not buy altcoins, as it seems to me too risky. But for short term trading altcoins seem to be not a bad option, I follow a few of them and see that there are those who are more volatile than others, this seems like a good chance for me to trade, but I am a long term investor, I buy bitcoin and do not trade yet, I just watch and study trading when I have time for it.
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el kaka22
Legendary
Offline
Activity: 3696
Merit: 1170
www.Crypto.Games: Multiple coins, multiple games
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July 07, 2023, 03:44:22 PM |
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Understanding how financial world works, you will of course have to focus on the fact that it is not going to be possible to just save money aside and make it go up, you have to use money and even debt. Why do you think even the richest people end up taking a loan when they can afford to spend it from their pocket? Because they are aware that if you take 100 dollar loan, and pay 110 back in a year, you could invest that 100 and make 120+ instead, and that way you would be in profit.
Always try to keep as much money as you can afford on investment that can make you profit, and that way you would be able to actually grow much bigger on the long run, and you could make a debt during that period and you would be able to pay that back when your investment grows larger.
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Litzki1990
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July 07, 2023, 03:56:33 PM |
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I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.
The problem with these altcoins is that even if you buy them at zero value, you will never know if their value will truly appreciate in the future that’s why some invested on them and end up regretting, wishing they only stick to bitcoin regardless of its quite expensive price. I guess your friend was just lucky that time, because if he insist it doing again these days, surely he will only suffer from great losses. It is better to trust ALT coins very little because these coins may not bring you good. Some amount of ALT coins can be trusted but should not be over trusted. Here you have made it clear about investing in ALT coins by just saying that even after buying ALT coins with zero amount we still need to know whether the value of this coin will work in future. Bitcoin can always be a very good choice as compared to ALT coin when it comes to investment. Investing in this coin can be expected to achieve good things in the future.
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sulendra12
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July 07, 2023, 07:40:53 PM |
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I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.
Well if he said long ago then my first thought would be when 2017-2018 era where altcoins was really rising and shining back at that day because every ICO is really fresh and most of them were pretty much got listed into exchanges after the ICO was over so your friend probably used that opportunity to grab some low price altcoins especially during that Bitcoin's bull day it was really great for the traders. But nowadays, most of the projects are just trash and some of the new altcoins are not worth it to invest even if you diversify your investment. That's just means you are throwing some free money into them, it's really different compared to what we had before.
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milewilda
Legendary
Offline
Activity: 3290
Merit: 1156
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July 07, 2023, 08:53:06 PM |
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Because when the value of Bitcoin increases, it will for sure also pull the top altcoins in the market for sure, this has happened several times so when the bull happens, for sure most of the altcoins that have real potential will increase.
How do you know then which of the altcoins has real potential and that's why investing in altcoins is very risky because we don't know which one will make it. Not all altcoins rise with Bitcoin when it rises, some also falls as traders dump them to buy Bitcoin. If you're unfortunate and buys those that'll be getting dumped like the memecoins, you'll lose. We don't have to limit our investment but when investing in altcoins we have to be extra cautious. It's better you avoid investing in altcoins totally because they can make you to lose money more than making you money, altcoins rise fast and give huge returns than Bitcoin but they also dump faster because many of the altcoins are just used for pump and dumps by whales. Would really be that so hard when it comes to predictions because there's no way on pointing out which coins would really be pumping and which coins wouldnt, this is why we would really be that really be able to make out lots of random and speculative approach due to this kind of reason but doesnt mean that we are really that wrong on what we are doing.Investment must really be that something needs up to be that studied well and make your own research because if you dont really do such thing then you would really be that losing money and missing out opportunities on which we arent really that liking to to happen on. When it comes to choices then it would really vary because not all would really be having the same mindset or approach when it comes into their investment. Some might stick into much safer point and some would really be taking up the risky path.
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usekevin
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July 07, 2023, 08:54:21 PM |
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The investment should not have limits,you can keep inverse at the time you get money.The trading volume can be hold at the bear market,it can be increased at the bear market.When you don’t have enough money for the expenses,you can use the holding on the demand.The trading volume can be rebuilt at all your earnings,try to keep your savings at the good coins for the long run.
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