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Dimi_00

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Everything posted by Dimi_00

  1. Dimi_00
    Thanks a lot for this information. Previously, I heard of Yobit investbox but didn't know what it meant. Now that you've mentioned it, I took a close look and saw that it's actually possible. Thanks!
  2. Dimi_00
    Well the main difference is that you can trade and withdraw your money on telegram itself. You don't have to go to Yobit website. You can trade and chat on telegram alongside.
  3. Dimi_00
    I feel hurt when I lose money in day trade so I try not to sell until it is absolutely necessary. Of course buying a coin and holding it for months to sell later yields profit, with less risk. I'm planning to do both to verify which method gives the most profit.
  4. Dimi_00
    I can not wait for Libra to launch. The coin is set to work with credit & debit cards and banks as well. I'm sure the top banks of the world would accept it. Then people will start using crypto.
  5. Dimi_00
    USDT has high transfer fees — $30 — in some exchanges. This means it will not readily overtake USD. Although it is good for preventing depreciation of coins anytime bitcoin falls.
  6. Dimi_00
    There is nothing that can be done about market whales. They are present, even in established forex markets and can dictate the price. I suspect the current BTC dumping was started by a whale.
  7. Dimi_00
    Each time I send crypto and it takes hours to confirm, I sit there wondering how crypto will overcome fiat which takes seconds. I don't what developers can do to work around this issue.
  8. Dimi_00
    It doesn't hurt to put in a little, say $50. Just because Venezuela is in crisis now, does not mean it will not get out of crisis someday. By then the coin would have increased in value.
  9. Dimi_00
    Even with crypto, money can be stolen. What makes crypto currency unique is the fact that it is not dependent on any government so there is some measure of privacy.
  10. Dimi_00
    I'm not sure I am willing to trust an exchange with all my savings. Sure, I may keep some money in the exchange to yeild interest but not all my money.
  11. Dimi_00
    Tether is popular because it is the first stable coin and it has been around for a long time. There are other stable coins e.g USDC, Gemini dollar and others but they are new into the scene.
  12. Dimi_00
    Crypto currency will reduce the cost of cross-border transfers. It will generate jobs for miners and improve transparency as money laundering will be easy to detect.
  13. Dimi_00
    Poverty can be reduced but not totally removed from this world we live in. This is simply because people think differently and circumstances affect us all. When governments accept crypto, poor people will also use crypto because it will be a general means of exchange.
  14. Dimi_00
    No matter how much a trader says he will not trade based on emotions, there will still be traces of emotion when making trading decisions. One should just try to make emotions as minimal as possible.
  15. Dimi_00
    As OP has rightly said, there is a need to investigate a coin properly before buying it. So many coins roll out each year, the crypto space is becoming overcrowded and competition is stiff. A lot of coin developers are unable to cope so the coin declines.
  16. Dimi_00
    You can use coinbase.com or blockchain.info, these two are online wallets. They are realiable and secure, you don't have to worry about them shutting down.
  17. Dimi_00
    If a coin regularly has a low volume, don't put in a large sum of money because you won't be able to sell later. Worst, the coin might even be delisted from the exchange and you'll lose money.
  18. Dimi_00
    Bitcoin cash is essentially bitcoin with adjustable block size. This gives room to confirm more transactions at once. So transactions can be made faster. I prefer BCH to BTC for day trading. BCH is more or profitable.
  19. Dimi_00
    Bitcoin is in a free fall now, it fell from $10,700 to $9700 at this time. Even though prices are falling, I am not worried. Things like that happen all the time. I am sure price will bounce back up in March.
  20. Dimi_00
    To get rich off bitcoin, use the same strategy that has been used so many times before. Buy a good coin whenever crypto price crashes. Coins within 1-20 on coinmarketcap.com are worth holding. Keep the coin for like 6months for price to rise. Sell at a good price. Repeat the process again. Down the years, you will watch your BTC grow.
  21. Dimi_00
    Ethereum will definitely grow steadily but bitcoin cash rises sharply. Meaning in a single day, the price difference in bitcoin cash is higher than that of Ethereum. Traders can profit more from bitcoin cash.
  22. Dimi_00
    Dubai has made another good move. It is strengthening its position as a center for commerce. It also shows that Dubai recognises the fact that the world is shifting towards crypto.
  23. Dimi_00
    XRP is a strong coin because it is used by some top banks for cross border transfers. The coin was created around 2014 and has been going stronger ever since then.
  24. Dimi_00
    If you are going to invest heavily in crypto, go for long term trading. Meaning, buy cheap, hold for a long time, maybe one year, then sell. If you day trade with a large sum, it's a suicide mission.
  25. Dimi_00
    I am so not leaving crypto. I will continue trading crypto till I grow old. I joined crypto because I had no job, now I have a daytime job but I still trade crypto.
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