I've just gone to the Solana shitcoin casino today.
Keycat and Wifout appear to have potential. Only 2 so far with 'safe' contracts, according to the Solana rugchecker.
Sounds like you want to delve into the wonderful world of DeFi.
This is where you can access all your shitcoins that can potentially 100x+, however it's fraught with danger, as there's relentless scams, failed projects, etc., that you can lose money on, so navigating it can be very tricky.
If...
Anyone looking to hit some big gains in the initial phase should consider getting DeFi exchange tokens, such as $cake sushi swap, etc. when the markets start pumping, people will start buying these up to stake and trade on certain platforms, which means they'll likely go ballistic at some point...
Interesting that there's a lot of hubris about Pelosi's stock portfolio, yet there's 3 Republicans who have outperformed her.
That aside, none of them should be allowed to own/invest in the stock market. Find another career if that's what you want.
I've been DCA'ing during this time, although I've just changed jobs and don't get paid until the end of the month, so I've had to pause it for a couple of weeks.
Still a fair way from the next halving, now's the time for people to set themselves up.
The same thing I am referring to is the leveraged trading, which lead to the downfall of FTX.
Lehmann Bros in the GFC is the most famous example of this.
I agree completely with having to follow the rules.
A mate of mine however is an exec at at top 4 bank and we spoke about this after the FTX debacle and he said banks do exactly the same thing because they know they'll just get bailed out.
Most scams in crypto involve the victim giving out their private details, which defies all warnings everywhere in the space.
No different to people who have their bank accounts drained by scam emails/texts.
If someone manages to steal your identity then yes, they can sell your shares and steal...
No different than the stock market. Companies go under all the time and people take big losses. It just happens a lot faster in crypto.
When my crypto loses value then, meh. I put small amounts into riskier ventures that could pay off big time and I mitigate my risk by keeping the majority in...
This is absolutely not true, at all.
In fact, the biggest issue crypto faces, in my opinion, is margin lending, especially when exchanges were offering 100x lending on your investment.
Those gigantic crashes you see form time to time? Those are margin traders being liquidated and losing...
How many new home buyers actually 'own' their house these days?
What if the government decides to build a highway straight through where you live?
I'm not suggesting that's probable to happen but it is part of the risk and could happen.
Not really sure why you're comparing crypto with houses, in all honesty. Better off comparing the stock market.
Also, if you hold your funds on a reputable exchange, you can still access them anyway, because they're not held in a private wallet.
Plenty of options for people to invest, based on...
I'm not saying they're the same thing in reality but to the person who lost everything in crypto vs the person who's now homeless because the bank repossessed or the building company went under, there's no difference.
I do presales that usually don't exceed 1k BNB. Depends how it initially goes but if you pick solid projects and manage to get in, then you can easily 10-20x your initial invesment.
It actually cashing out and not being greedy by thinking it's the next Shib that's the hardest part.
There's...
Essentially it is with a lot of protocols. If you're 'staking/earning' major cryptos on an exchange, you're pretty much lending to the exchange and they pay you back interest in the same token.
It's why it can go arse-up sometimes, because some exchanges over-leverage.
Just like the banks in...
Staking/earn depends on the long-term viability of the token itself, imo. Devs use it to lure investors in for the long-term on projects, so people don't abandon them. It's still something you want to watch closely though, because there's usually a turning point from when you start making gains...
Depends what kind of plan you have. I'm just putting in $200 a fortnight, split between btc and eth for now.
I'm not going to attempt to perfectly time bottoms, as over a 10+ year time period you're better off than people who try to time the market lows instead of regular DCA, because you'll...
How low are we talking? I've had moderate success with prelaunches. My issue is I got too greedy on some and didn't exit at a very favourable position.
Lesson learnt.
Only if demand outstrips supply. Such is the case with BTC and ETH. Not the case however with most altcoins, which leads to people thinking they're on a good wicket by staking, when they're really devaluing their own investment by doing so, if there's no mechanism to reduce the supply in place.
That's true. I'll definitely be keeping an eye out for newcomers also.
For current projects, I'm more interested something like Harmony for example, which contains to do good things and delivering on promises.
Still pretty low cap, with plenty of room to move.
I'd rather just coast along like this until around 6 months before the next halving, even if I goes lower. More interested in accumulating for the next couple of years at this stage, then looking at what projects have managed to still go strong during the bear market and look to get in early on...
Yeah, the biggest thing people fail to understand with staking is how much it dilutes the supply. You're doomed if you can't look past the hype and actually see if there's a buyback/burn mechanism to counter the increased supply.
Sure the banks make profits.
They make them at YOUR expense and give nothing back.
They also lend out more than they actually have, by borrowing on margin from other banks/lenders.
What happens when they **** it up? You lose your money and the CEO gets a 400m golden handshake.
The difference...
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