St3lmaPl
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St3lmaPl started following Can you Quite your Job because crypto?, As a beginner which coins do you prefer to buy first ?, Do we really need stable coins? and and 6 others
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As a beginner which coins do you prefer to buy first ?
St3lmaPl replied to Maxtron73's topic in For Beginners
First and foremost you should have some bitcoins. It doesn't matter how much money you got at least half of your portfolio should be bitcoin. Once you got that you can think about altcoins and the more well known the better. Most new coins are scams or pump and dump schemes. You can get lucky or you can lose everything. Bitcoin is one of the coins that are destined to rise again and if it goes up it will take all top altcoins up with it. -
Basically everyone needs stable coins only in terms of temporary asset storage, but specifically everyone also needs good and volume-wise coins to make it easier to trade for profit, because stable coins will not be suitable for crypto trading.
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Need suggestion Which cryptocurrency is best for save money
St3lmaPl replied to stonman's topic in Coins / Tokens Talk
Bitcoin is always the best. Still has the highest potential for the moment and for the future, the chances for highest profit are the best. You can also combine it with some altcoins like Etherum to diversify your investment. Don't see that any other coin is in that competition. -
I investing all my money in 1 coin. is this is risky or safe ?
St3lmaPl replied to stonman's topic in Coins / Tokens Talk
Yep, it's too risky. Never put all your eggs in one basket, the proverb says. Besides that, in altcoin season like this where almost every altcoin is rising, spreading your funds into several altcoins is better. It will increase the odds that at least some of them, if not all, will rise a lot at some point. I'm currently investing on about 5-10 coins. Whenever a coin already made me enough profit, I sold them and reinvest the money to another promising altcoin. -
Have you ever think that Eth will overtake Bitcoin?
St3lmaPl replied to Delgboke's topic in Crypto World
I don't think so even if ethereum is starting to pump I don't think it can overtake bitcoin in a matter of 1 year. Bitcoin takes time to get into its place in todays market and I believe even if a huge drop in bitcoin price is happening today people will still trust bitcoin and will continue supporting it. I will just wait and see how bitcoin get back into track and release a much higher value in the coming years -
Forever is a too broad and vague concept, and it's impossible to make a prediction of this kind without knowing the technological changes that may appear in the future. It's as if, when money replaced barter, someone would have asked if the money would last forever. I believe that as long as there is not a planetary catastrophe that makes the use of technology impossible and while people want to use cryptocoins, they will exist, at least until a better system is invented, if this happens one day.
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Leaving crypto??? That shouldn't be a thought except you got in for "when Lambo" and not what blockchain can actually do. Bitcoin has been called “digital gold,” and for a good reason. To date, the total value of the currency is close to $9 billion US. And blockchains can make other types of digital value. Like the internet (or your car), you don’t need to know how the blockchain works to use it. However, having a basic knowledge of this new technology shows why it’s considered revolutionary. So don't quit, market will surely recover. We are all in down but the patient ones will get rewarded hopefully.
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Future of crypto is always good regardless of what happened to the prices of crypto. Remember after the dot-com bubble burst after the Year 2000, many dot-com companies went bankrupt. People were gloomy and thought that the technology advances in the Internet will die off. That is not the case as Apple hits $1 trillion dollar market cap this year. This is not the end of crypto but the only matter is which cryptocurrency will be leader in the next bull market.
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Having a day job doesnt mean that you are ensuring that it would last for lifetime and these two things are entirely different which they do have their advantage and disadvantages. For people who arent risk takers will probably stick to traditional ways which in no doubt they will choose up traditional job but for those people who do love to risk will choose crypto job. We do know the opportunity on engaging ourselves here on crypto.We might get the possibility on not having a physical job since we can able to sustain ourselves on the amount we do earn here.In short getting that once in a lifetime opportunity on getting rich which having a job physically cant really give it to you easily.
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I can only add that fast money does not exist anywhere, unless you are very lucky once. Always calculate the risks and consider where you are going to invest your money.
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This is actually a pretty interesting question. If you work in real life, it will take you about 8 years to earn 1 bitcoin. But no one ruled out the possibility of trading and investing using the compound interest method, and then you will come to your goal much faster.
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Cryptocurrencies are convenient and fast. Personally, as a student, I like to work and invest in this area, because I understand that this is the future and even at the moment it brings good money.
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I don't think this is a waste of time. Crypto world helps to always stay in the subject of technology and IT development I also think that crypto is the future, and the savings that you will have in the future can be increased.
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Personally, I am now studying at the university, and I can say that cryptocurrencies and airdrops sometimes really help out and help to live a little more.
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Perhaps the biggest problem I have faced is a misunderstanding of the currency and its fees. I lost a lot of money because of the commission, which I did not understand, and I had to figure it out for a long time so as not to repeat it