FC Community
Discussion Boards => Off-Topic => Topic started by: linderlizzie on March 05, 2021, 05:29:55 pm
-
Is anyone into the bitcoin craze? My oldest son is making money from it, but I wonder how long it can last.
Does anyone understand it to put it in simple terms for a person like me who doesn't really get it? :confused1:
-
Don't really understand it enough myself but I'm just focused on the value of the amount Satoshi I have measured against the current value of one bitcoin.
Satoshi are units of a bitcoin like 0.0003 for instance.
One Bitcoin is worth 100 million Satoshi.
If the value of one Bitcoin was worth $50,000 for instance then the value of Satoshi should follow like this:
100,000,000 Satoshi or one Bitcoin = $50,000
10,000,000 Satoshi or .1 = $5,000
1,000,000 Satoshi or .01 = $500
100,000 Satoshi or .001 = $50
10,000 Satoshi or .0001 = $5
And you can figure out the rest but that's the general idea of the value of how many Satoshi you have is worth against the current value of one Bitcoin.
-
The name cryptocurrency alone bugs me. If I see that on a captha submit I go for another one. :turkey:
-
I don’t understand it at all. Something the younger generation gets, but not all the older generation understands.
-
I jumped in with both feet in 2017 and I am loving every minute of it. It has become my new backup retirement plan.
-
I wish I understood it but it seems like a ponzi scheme.
-
I don't try to understand HODL or Investing, but I keep less than $500 in one wallet and a couple hundred in a smaller one as well as Gift Cards for a couple hundred to buy groceries and Amazon stuff with.
-
I don't understand it either but a friend has been doing really well with a app that she downloaded for first time investors for Bitcoin so I plan on downloading the app and with her help invest a very small amount, hopefully it will payoff in the long run!
-
I don't understand it either but a friend has been doing really well with a app that she downloaded for first time investors for Bitcoin so I plan on downloading the app and with her help invest a very small amount, hopefully it will payoff in the long run!
Sounds like a good idea Deb, but only invest what you can afford to lose. Of course the option I prefer is, only invest what you can earn online for free and you can never lose. Google my user name if you need more details.
-
I wish I understood it but it seems like a ponzi scheme.
With a ponzi scheme, you pay in a specific amount of money - all of which goes to other investors who bought in before you and you only get paid back a higher return when other people fall for the same scam and buy in underneath you.
Cryptocurrency is more like buying stock. Your return depends on whether the stock rises or falls and whether you take back a profit at the peaks rather than the valleys. So in a sense it needs other people to buy in as well for your value to go up, but you can get in or out anytime you want and take your profits (or losses) when you choose.
There is risk, but there is nothing ponzi about it.
-
want to try and learn it.
-
want to try and learn it.
What do you want to learn? It's money, just like hundred dollar bills, only it changes value like stocks do. So you learn how to get more (or buy it) and wait for it to increase in value so you can sell it at a profit. It's that simple. The only additional lesson I appreciated learning, is how to get more without spending my hundred dollar bills.
-
I don't understand anything about BitCoin or any other kind of cryptocurrency. Just give plain old American paper money and coins or checks.
-
I don't understand anything about BitCoin or any other kind of cryptocurrency. Just give plain old American paper money and coins or checks.
-
I found an informative 15 minute video (https://www.youtube.com/watch?v=2pR2gfogsk4) online that explains the theory behind cryptocurrency without getting into the technical nuts and bolts of it all. It is explained by conservative political commentator Ben Shapiro - so if that turns you off, sorry for you. But for what it's worth - it does de-mystify the topic to some degree if anyone is interested.
-
Crypto has an enormous potential. You can make money by simply investing in it, some currencies are growing very fast. Also, you can trade crypto, it's a very nice way to earn money, but requires good knowledge in that area. I think that the easiest way to earn money using crypto is bitcoin gambling online, on good and reliable platforms like https://rocketpot.io/ (https://rocketpot.io/). All of my friends are playing it and earning good money, so I had to try it as well. Well, it is possible to earn smth, but you need to be really lucky.
-
I don't know much about it and haven't invested in it myself. Some of my friends who invested in it earlier said that it was a cool investment as the value keeps going up.
-
Crypto has an enormous potential. You can make money by simply investing in it, some currencies are growing very fast. Also, you can trade crypto
You can also earn it, just like any other currency and then exchange it for dollar bills if that's what you prefer.
-
Just like anything Bitcoin can have its highs and lows but you can gain you can also lose a lot to. Just like stocks its a gamble, its a risk & nothing is for certain. I've considered it a few times but never tried it. Giving how much bitcoin could lose in one day makes me nervous . They have had huge losses in the past and it can happen again and again and again
-
Just like anything Bitcoin can have its highs and lows but you can gain you can also lose a lot to. Just like stocks its a gamble, its a risk & nothing is for certain. I've considered it a few times but never tried it. Giving how much bitcoin could lose in one day makes me nervous . They have had huge losses in the past and it can happen again and again and again
However, if you don't use anything but money you earned free online the losses are quite painless (in my opinion). It is true that Crypto is a quagmire of traps and disappointments, but it continues to put money in my pocket every day.
-
I use another earning site like Fusioncash that has the built in ability to convert your earnings into bitcoin when you cash out. I do the bare minimums there and only cash out for $20 about once every year to 18 months. So I have earned about $60 in cashouts (dollar value at the time of cashout), but I have held that in my bitcoin wallet ever since and those $60 cashouts are currently worth about $590 today.
-
I have bitcoin. I add money to it every month. It's not a fortune but worth about 4x what I have into it.
-
My main Bitcoin Wallet has over $500 worth in it right now and I have over 1,300 Tron and 500 Dogecoin.
-
I have bitcoin. I add money to it every month. It's not a fortune but worth about 4x what I have into it.
What are you doing exactly so I can possible jump in on it? Because I have Satoshi right now worth about 12 bucks and at the rate I'm going, in ten years, assuming consistency, I maybe may have only about a couple grand.
-
Don't use it as an investment, just for internet purchases mainly for opportunities.
-
I add money to it every month.
What are you doing exactly so I can possible jump in on it? Because I have Satoshi right now worth about 12 bucks and at the rate I'm going, in ten years, assuming consistency, I maybe may have only about a couple grand.
I think this is what teresa was saying as per her strategy. Just buy a certain dollar amount each month that you can afford to lose. That may be $5 $25 or $500 - whatever... and over time between the regular investments and the [hopefully] BTC value increases, you could generate a pretty nice nest egg.
I don't often have a consistent amount I can invest on a regular basis, but I am signed up to several earning sites similar to FusionCash that pay out in Bitcoin, so everything that I earn there goes into my crypto-portfolio. It starts out as small change here and there, but as the value of BTC increases, so does the value of my "small change" so that dimes and quarters are turning into dollars or more.
-
Really not into cryptocurrency, but it looks like money is to be made with Bitcoin.
-
I have bitcoin. I add money to it every month. It's not a fortune but worth about 4x what I have into it.
What are you doing exactly so I can possible jump in on it? Because I have Satoshi right now worth about 12 bucks and at the rate I'm going, in ten years, assuming consistency, I maybe may have only about a couple grand.
Are you complaining? A couple of grand for doing nothing but hanging out sounds good to me. See what you get by hanging on to 12 dollars for 10 years.
-
^ I guess I am complaining only because it seems like I can maybe make even more money given a couple of the comments posted here. I have already thought about what you said but it just doesn't seem like it's enough for me for doing nothing but wasting a little bit of time and putting forth a little bit of effort for about a decade. :-\
-
^ I guess I am complaining only because it seems like I can maybe make even more money given a couple of the comments posted here. I have already thought about what you said but it just doesn't seem it's like enough for me for doing nothing but wasting a little bit of time and putting forth a little bit of effort for about a decade. :-\
That depends on whether you are viewing a snapshot or realize you are watching a movie. If you see this as a snapshot, it's all over, but I see it as a movie and keep watching until each subsequent screen reveals the next step. I look at the pocket change I make here as seed money for bigger and better things. A prime example was discovering I made another $15 in Crypto while I was sleeping last night.
-
As you can see, it didn't last long. Here you can quickly draw parallels with the japan bubble economy. Bitcoin is a bubble and bubbles always burst, no matter how big they are before they die. Of course, while the bubble is large, you can earn a lot on this; the main thing to remember is that you need to stop in time. I think that there is a possibility that btc to usd (https://freebitco.in/site/cryptocurrency/bitcoin/converter/btc-to-usd/) will rise again in the near future due to Elon Musk's tweets or some significant change in the modern economy. This is something similar to a casino since you never know when you will not be able to earn more.
-
cryptocurrency, basically means that the currency, which is digital, or money you cannot physically touch, is protected or encrypted. This currency is meant to be decentralized, or not regulated by a central bank or a Government. This gives the power to the little man with a chance to get rich... That's cryptocurrency in a nutshell.
-
I big sis believe in it. I guess because she was a banker & now is a financial advisor. I’m years to late but I’m still thinking of learning about it.
-
cryptocurrency, basically means that the currency, which is digital, or money you cannot physically touch, is protected or encrypted. This currency is meant to be decentralized, or not regulated by a central bank or a Government. This gives the power to the little man with a chance to get rich... That's cryptocurrency in a nutshell.
That still does not make sense. A crazy woman at work said she put $500 in to it and yapping about how it is going up every day. smh I am like save it woman, I am not wasting money investing in this.
Nothing I have ever read makes sense as to what this is.
-
want to try and learn it.
What do you want to learn? It's money, just like hundred dollar bills, only it changes value like stocks do. So you learn how to get more (or buy it) and wait for it to increase in value so you can sell it at a profit. It's that simple. The only additional lesson I appreciated learning, is how to get more without spending my hundred dollar bills.
OLd Buddy my question is why does the cyrptocurrency rise and fall - I understand with stock in many cases it depends on how th company is doing how come cryptocurrency fluctuates?
-
want to try and learn it.
What do you want to learn? It's money, just like hundred dollar bills, only it changes value like stocks do. So you learn how to get more (or buy it) and wait for it to increase in value so you can sell it at a profit. It's that simple. The only additional lesson I appreciated learning, is how to get more without spending my hundred dollar bills.
OLd Buddy my question is why does the cyrptocurrency rise and fall - I understand with stock in many cases it depends on how th company is doing how come cryptocurrency fluctuates?
I don't really know or even care, I just know that it does and when it goes down (like now) I need to remain patient and not panic.
-
As a continuation of this thread, I was notified by Venmo that they now have cryptocurrency as well.
-
I’m years to late but I’m still thinking of learning about it.
Anyone getting in now is still getting in early. Do your research and learn as much as you can about it.
That still does not make sense. A crazy woman at work said she put $500 in to it and yapping about how it is going up every day. smh I am like save it woman, I am not wasting money investing in this.
Nothing I have ever read makes sense as to what this is.
It is not easy to understand from a technical standpoint, and I wouldn't recommend it to people who have fears or doubts. But would encourage anyone with those fears or doubts - or feelings that it makes no sense - to do some basic research and listen to some expert podcasts about the history and structure of it all. It could be very enlightening.
-
I’m years to late but I’m still thinking of learning about it.
Anyone getting in now is still getting in early. Do your research and learn as much as you can about it.
That still does not make sense. A crazy woman at work said she put $500 in to it and yapping about how it is going up every day. smh I am like save it woman, I am not wasting money investing in this.
Nothing I have ever read makes sense as to what this is.
It is not easy to understand from a technical standpoint, and I wouldn't recommend it to people who have fears or doubts. But would encourage anyone with those fears or doubts - or feelings that it makes no sense - to do some basic research and listen to some expert podcasts about the history and structure of it all. It could be very enlightening.
I don't invest in it anymore, but I don't mind picking up as much as I can for free.
-
Honestly, I'm impressed with this platform. I am new in this field and I found the forex platform to trade on but as far as I understand there are several platforms. I recommended a friend who invested in cryptocurrency and convinced me that it is a good way to make a profit over the long term.
-
I have no idea of what everyone is even talking about lol
-
It's probably not working like that.
-
I got paid another $50 worth this month for using a free advertising website that I would use, even if I didn't get paid. It blows my mind how people can be so skeptical that they won't accept free money, no matter what they call it.
-
No thanks, way too risky and expensive for me....
-
No I am into my debt card is enough for me...than paypal not as much. I have to keep my life simply or I will go :BangHead:
-
I'm still with Unique Rewards and they offer this as a payment option. Should I take it?
-
No I am into my debt card is enough for me...than paypal not as much. I have to keep my life simply or I will go :BangHead:
Do some reading about all the people (like myself) that were loyal to PayPal for decades only to have them slam the door and steal their money from them with no response to support inquires.
-
No I am into my debt card is enough for me...than paypal not as much. I have to keep my life simply or I will go :BangHead:
Do some reading about all the people (like myself) that were loyal to PayPal for decades only to have them slam the door and steal their money from them with no response to support inquires.
Are you serious? I guess my friend was right not to have an account. Better hurry up and transfer my funds!
-
What is going on with paypal? I cant seem to get on it
-
I'm still with Unique Rewards and they offer this as a payment option. Should I take it?
Berthabutt, I have been taking Bitcoin as my payments from Unique Rewards for quite some time. I don't have the exact numbers at the moment, but I have "earned" quite a bit MORE than the value of my cashouts from them simply due to the rise in the value of Bitcoin over the past few years.
-
I have read some info about it, but not sure if it's sustainable.
-
Paypal just recently offered the chance to buy bitcoins in my wallet. The amount needed is modest.
-
I'm still with Unique Rewards and they offer this as a payment option. Should I take it?
Berthabutt, I have been taking Bitcoin as my payments from Unique Rewards for quite some time. I don't have the exact numbers at the moment, but I have "earned" quite a bit MORE than the value of my cashouts from them simply due to the rise in the value of Bitcoin over the past few years.
The IRS has a special line on the 65 and older form for the cryptocurrency. Just saying. Probably taxable and they are tracking it this way, I checked "no" on this line.
-
The IRS has a special line on the 65 and older form for the cryptocurrency. Just saying. Probably taxable and they are tracking it this way, I checked "no" on this line.
I'm not quite following what you are saying. The increased value is definitely taxable, but it doesn't become a taxable event until I cash it in down the road and convert it from BTC back to USD. To this point, all of the Bitcoin payments I have taken remain in the Bitcoin format.
-
The IRS has a special line on the 65 and older form for the cryptocurrency. Just saying. Probably taxable and they are tracking it this way, I checked "no" on this line.
I am saying that the form for 65 and older has a designated line, "did you obtain or trade and cryptocurrency ? "
I'm not quite following what you are saying. The increased value is definitely taxable, but it doesn't become a taxable event until I cash it in down the road and convert it from BTC back to USD. To this point, all of the Bitcoin payments I have taken remain in the Bitcoin format.
-
The IRS has a special line on the 65 and older form for the cryptocurrency. Just saying. Probably taxable and they are tracking it this way, I checked "no" on this line.
I am saying that the form for 65 and older has a designated line, "did you obtain or trade and cryptocurrency ? "
I'm not quite following what you are saying. The increased value is definitely taxable, but it doesn't become a taxable event until I cash it in down the road and convert it from BTC back to USD. To this point, all of the Bitcoin payments I have taken remain in the Bitcoin format.
True, the "Tax" isn't in the equation yet, but they will have annual tracking when you enter the amount on the line every year. the bump comes when you sell and buy the lower priced crypto, then enter USD converted funds total amounts traded on your form. taxable. trackable.
-
Bitcoin is a digital electronic currency that can be used to pay for various services and goods and exchange between other currencies. That is, it is the same money as dollars and euros. All transactions within the network are commission-free and made using Blockchain technology. Bitcoin value is steadily growing, due to which the currency is in particular demand among investors. The advantage of BTC is that it does not have a single storage center or master. In general, bitcoin is a type of cryptocurrency. It is possible to earn on any cryptocurrency, but it is easier to do it on bitcoin. I recently started investing in vaffatoken.com (https://www.vaffatoken.com/en/). I think it will be a good project.
-
Bitcoin is a digital electronic currency that can be used to pay for various services and goods and exchange between other currencies. That is, it is the same money as dollars and euros. All transactions within the network are commission-free and made using Blockchain technology. Bitcoin value is steadily growing, due to which the currency is in particular demand among investors. The advantage of BTC is that it does not have a single storage center or master. In general, bitcoin is a type of cryptocurrency. It is possible to earn on any cryptocurrency, but it is easier to do it on bitcoin. I recently started investing in vaffatoken.com (https://www.vaffatoken.com/en/). I think it will be a good project.
I purchased some FUN Tokens and doubled my investment in 30 days and it's still growing.., but the trick is to know how to make the system work.
-
want to try and learn it.
What do you want to learn? It's money, just like hundred dollar bills, only it changes value like stocks do. So you learn how to get more (or buy it) and wait for it to increase in value so you can sell it at a profit. It's that simple. The only additional lesson I appreciated learning, is how to get more without spending my hundred dollar bills.
I guess my question is how does it change value like stocks - with stocks you are investing in a company, what exactly are you investing in with cryptocurrency?
-
Besides the fact that you need to buy cryptocurrency, you must take care of how you will keep it safe it in advance. I know there are many crypto wallets, but not all of them are convenient and reliable. Plus, not all of them support the new cryptocurrency. You may have to look for an e wallet app development (https://itexus.com/e-wallet-app-development-cost-components/) service so that you can store your crypto in a safe place and use it for online payments.
-
Don't understand BitCoin, I agree with cathy37 just give me plain old Amerian paper money and coins or check.
-
Besides the fact that you need to buy cryptocurrency, you must take care of how you will keep it safe it in advance. I know there are many crypto wallets, but not all of them are convenient and reliable. Plus, not all of them support the new cryptocurrency. You may have to look for an e wallet app development (https://itexus.com/e-wallet-app-development-cost-components/) service so that you can store your crypto in a safe place and use it for online payments.
Coinbase has been around for years and has an excellent reputation. Not only that, but I watched a few short videos about Crypto they are promoting and took a one question multiple choice quiz on what I just watched and they paid me. I have made over $50 that way and new ones show up every so often.
-
Coinbase has been around for years and has an excellent reputation. Not only that, but I watched a few short videos about Crypto they are promoting and took a one question multiple choice quiz on what I just watched and they paid me. I have made over $50 that way and new ones show up every so often.
I hit that up every time and then immediately convert whatever crypto they are shilling into BTC and then wait for it to grow! The quizzes are so simple to answer, but I think they even give you the chance to 'try again' if you answer one of the multiple choice questions wrong.
Much easier earning than the PTC or surveys even on FC!
-
Coinbase has been around for years and has an excellent reputation. Not only that, but I watched a few short videos about Crypto they are promoting and took a one question multiple choice quiz on what I just watched and they paid me. I have made over $50 that way and new ones show up every so often.
I hit that up every time and then immediately convert whatever crypto they are shilling into BTC and then wait for it to grow! The quizzes are so simple to answer, but I think they even give you the chance to 'try again' if you answer one of the multiple choice questions wrong.
Much easier earning than the PTC or surveys even on FC!
They give you as many chances as you need.
-
Many people specifically focus on helping you trade cryptocurrency, which is the best known system that allows you to bring in much more cryptocurrency. I recently found a great article on napbots-with-bitmex (https://napbots.com/napbots-with-bitmex/). Day trading works like a concept, however, it is a fairly common name in today's cryptocurrency world.
-
A quick google search tells me Crypto.com exchange is better than Coinbase what with more earning opportunities and lower fees but it doesn't work on my phone nor can I sign up for it.
-
Still waiting on my sister to teach me on that.
-
Cryptocurrencies and dealing with them is not an easy thing at all, you must always be ready to lose, and at the same time, you have to keep track of many things. Your son is probably a very intelligent and smart guy. I hope that he only finishes school regularly because sometimes the money we earn is a better motivation than getting a college diploma. Recently, I also invested part of my money in bitcoin. I was a total beginner and had almost no knowledge of cryptocurrencies. The website eveningstar.io (http://eveningstar.io) helped me learn about trading platforms. I've chosen coinbase because the transactions there are safe.
-
Cryptocurrencies and dealing with them is not an easy thing at all, you must always be ready to lose, and at the same time, you have to keep track of many things.
The only way you can lose is to sell at a loss and I am in control of that at all times, so it is as easy as it gets.
-
I don't understand how it works so I don't get into anything unless I know what the results will be or understand how it works.
-
It's a lot easier for people to understand if they regard owning one Bitcoin as being not that much different than owning one stock in a company.
-
I’m glad I found Bitcoin some time ago. It goes up and down like stocks but overall it is still worth more than I have invested.
-
Hello, people! I understand that there are guys sitting here who understand the topic of cryptocurrencies and I would like to know one thing. Why does a musician need blockchain? I just read on this website (https://emanate.live/tokenstech) that musicians use it, but I didn't quite understand for what purposes? Maybe there is a person here who can explain this moment to me?
-
I don't understand it at this point. It seems like there is nothing to back it up. But I guess I need to research it some more.
-
:cat:
Read a story about a man that inadvertently threw his hard drive in the trash, lost thousands in this currency, no way to prove he had made it in the first place! Why would you take a chance, knowing the computer could become a brick at any time and recovery of data is always a 60% chance at success?
-
You don't NEED the computer to keep from losing your cryptocurrency. If your computer locks up, you still have full access to your funds IF you have the key/seed words safe and secure somewhere. The guy who lost tens of thousands of dollars of crypto lost it when they were worth virtually nothing and had no obvious value. He had no idea that years later a few pennies would have increased to six figures.
It wasn't the COMPUTER that held the key to unlocking his crypto vault. It was just a dumb move on his part to not save the access codes.
I have an undisclosed amount of crypto. I access that crypto with my computer. If my computer died tomorrow, all of my crypto would be safe and accessible to me because I have my seed words (or private keys) to my crypto saved and locked up in a secure vault.
-
Yes, I have invested through the coinbase platform. Paypal also offers it and I see it being available in more places. I only invest a small amount as I am learning more about it myself.
-
If you don't understand something, don't judge it. I mean, don't even try to convince your kids to stop working with crypto. It will last for a very long time, and as soon as we can make money out of it, we should use this momentum! I was somewhat skeptical about crypto back in 2017 when my son advised me to invest in Bitcoin. Well, now I regret missing that opportunity. However, I made my mind up pretty fast, and now I'm trading crypto. Now, I'm looking to change my broker. I read the comparisons on asktraders.com (https://www.asktraders.com/broker/crypto-broker/), and I think the best choice has to be eToro. Has anyone worked with them?
-
Trust me, and it will last for a very long time. I was also pretty skeptical about crypto back in the day, and I thought it would be around for a couple of months, maybe a year or two. Well, that was back in 2017, when bitcoin reached 5.000 dollars level for the first time. We're already in 2022, and the crypto market is only getting better and better. That's why I invest so much in tokens like https://recentcoin.com/token/carinet-token-cit-0xc54083e7 (https://recentcoin.com/token/carinet-token-cit-0xc54083e7). Man, it's all about the future, so we shouldn't miss these opportunities.
-
My son who is 13 is looking to cryptocurrency and NFTs. I am amazed how quickly kids understand these concepts, much faster than me for sure.
-
I still tryin to learn this but ya gott akeep at it
-
I have never really understood Cryptocurrancy so I just stay away from it.
-
I Don't fully understand cryptocurrency. So I stay away until I do.
-
I Don't fully understand cryptocurrency. So I stay away until I do.
I don't fully understand [the intricate details of] cryptocurrency, but I got in when I did and I have grown my initial investment many times over for getting in when I did. If I had waited until I fully understood it (which I still do not, but understand it enough), I would have missed out of a lot of that growth.
-
:cat:
Scary to put money in and watch it disappear! . Am doing that now with my 401K bal I transferred to an IRA, and wathing it while it's steadily decreasing since Covid.
-
Tried, but I'm still not so sure about it. I bought and sell coz really I'm not sure what I'm doing, oh well.....
-
Well, it seems like a good source of income, but a really unstable and risky one. I'm not into that, and I think that a person with an online store has more chances to become successful. That's what I'm working on right now, and magento shop (https://amasty.com/) helps me develop a reliable website, so hopefully, it won't take me long to start profiting.
-
:cat:
The debate is on! Taxes are coming to this industry, and accountability! Wait for it ... :sweat:
-
:cat:
The debate is on! Taxes are coming to this industry, and accountability! Wait for it ... :sweat:
The only way this will work, is if they accept Crypto to pay the taxes too.
-
I heard that you can buy it on paypal now and at lower amount. Might be an easier way to give it a try if you have a paypal account.
-
I heard that you can buy it on paypal now and at lower amount. Might be an easier way to give it a try if you have a paypal account.
How can that be possible when I get mind FREE?
-
I don't understand crypto currency, and afraid to lose money because I don't have much anyways. I probably will not ever invest in crypto currency unless that would be the only to use currency.
-
I don't know enough about cryptocurrency.
-
I don't understand crypto currency, and afraid to lose money because I don't have much anyways. I probably will not ever invest in crypto currency unless that would be the only to use currency.
You do not have to understand crypto to earn it free, which makes it impossible to lose money and simple to make more as you progress toward eliminating the problem not having much brings.
-
Somebody might have to do this for me.
-
You do not have to understand crypto to earn it free, which makes it impossible to lose money and simple to make more as you progress toward eliminating the problem not having much brings.
oldbuddy, Do you ever have the feeling that you are in one of those dreams where the completely absurd circumstances in the dream seem absolutely 100% normal to your dream brain and inside the dream you try to communicate something coherently but no words will come out of your mouth no matter how much you try to explain something so obvious? Does this feel like one of those times?
-
As long as I keep getting paid, I feel fine about it. I finally gave up expecting other people to take action on what works for me, I am getting paid no matter what they do.
-
When I first heard of bitcoin I could of joined up, but it was too complicated to understand, so I didnt join up. Now there is cryptocurrency, I dont know what that is either
-
When I first heard of bitcoin I could of joined up, but it was too complicated to understand, so I didnt join up. Now there is cryptocurrency, I dont know what that is either
You are overcomplicating everything. Bitcoin is just one type of Cryptocurrency and as a whole they represent a medium of exchange used to buy and sell goods and services, just like USD or Euros.
-
Now I'm actively interested in cryptocurrency. In my opinion, this is the most stable income in our strange times, so I try to develop in the direction of crypto trading. If you are looking for a good information resource, then I advise you to check this link for more info (https://cryptoexchange.org.uk/buy-ripple-uk/). Here you can always find clear articles, guides for buying cryptocurrencies like ripple, and so on.
-
When I first heard of bitcoin I could of joined up, but it was too complicated to understand, so I didnt join up. Now there is cryptocurrency, I dont know what that is either
You are overcomplicating everything. Bitcoin is just one type of Cryptocurrency and as a whole they represent a medium of exchange used to buy and sell goods and services, just like USD or Euros.
This is in the UK, not the USA. Rules are different here.
-
When I first heard of bitcoin I could of joined up, but it was too complicated to understand, so I didnt join up. Now there is cryptocurrency, I dont know what that is either
You are overcomplicating everything. Bitcoin is just one type of Cryptocurrency and as a whole they represent a medium of exchange used to buy and sell goods and services, just like USD or Euros.
This is in the UK, not the USA. Rules are different here.
Begging your pardon, but wtf are you talking about? Cryptocurrency (just like paper currency) works the same way in both the UK and the USA.
-
Not long ago I started to implement my business because I didn't know how to do it right. But the developer company helped me in this matter and I developed the right monetization model for your app (https://kindgeek.com/blog/post/how-to-monetize-your-app) and I was satisfied because everything turned out great and I really liked the result. I think you should take a look at the website!
-
I think you should take a look at the website!
Nah. I'll pass. I would say, "But thanks for the advice" however, in this case I am not feeling it. Instead, I would simply thank you for keeping your spam bullshit out of here.
And am *I* the only one who really gets a laugh out of the fact that we can say "bullshit" in the forum without any censorship but cannot say b*a*l*l*s?
-
I think you should take a look at the website!
Nah. I'll pass. I would say, "But thanks for the advice" however, in this case I am not feeling it. Instead, I would simply thank you for keeping your spam bullshit out of here.
And am *I* the only one who really gets a laugh out of the fact that we can say "bullshit" in the forum without any censorship but cannot say b*a*l*l*s?
I notice it too UGP and i am sure others do too.
Maybe this is FC way of being so liberal and trying to make up for the other stuff they have taken away from their members.
BUt in reality.......who gives a *bleep*!!LOL!
-
To be honest, before I would not have thought that I would be engaged in crypto trading and get good money. The pandemic has changed my attitude to trading. I'm currently trading at https://tabtrader.com (https://tabtrader.com) and I consider myself to be quite an experienced trader already and it's great that some time ago I decided to try my hand at trading.
-
looks interesting
-
Yes, as many of my friends and cousins are investing in it.
-
Great to see paypal offering crypto as well.
-
Great to see paypal offering crypto as well.
Except Paypal doesn't offer "true" crypto. They allow you to buy it and hold it IN PayPal, but before you can spend/use it you have to convert it back into $. TRUE crypto would allow you to buy it and then transfer it out to another crypto wallet. PayPal's treatment of crypto is a complete joke. (Unless things have changed since they first started when this was how it worked).
-
Trying to learn it too
-
:cat:
Some informative links on the rise and fall of Bitcoin cryptocurrency I found while touring the news.
https://www.axios.com/2022/05/05/ten-million-accounts-have-bought-bitcoin-on-cash-app
Since introducing bitcoin on the Cash app, more than 10 million accounts have bought some of the original cryptocurrency, according to the Q1 shareholder letter from Block, Inc (the company most people probably still think of as Square), released Thursday..
https://www.coindesk.com/business/2022/05/05/first-mover-americas-bitcoins-40k-breakout-elusive-as-fed-inspired-dollar-drop-loses-steam/
Market Moves: Dollar's recovery keeps bitcoin (BTC) under $40,000. While Federal Reserve Chairman Jerome Powell downplayed prospects of a 75 basis point (0.75 percentage points) rate hike in coming months, the policymaker expressed willingness to tolerate a recession to bring down inflation..
On-chain data analysis firm Glassnode today tweeted a chart of the 7-day moving average of exchange addresses receiving Bitcoin. It showed a one-month high of addresses receiving BTC at 1,889,792.
Sustained inflows would be a cause for concern for market participants. The chart below shows a steep uptrend of this metric from late April 2022.
Bitcoin exchange inflows spike
Source: @glassnodealerts on Twitter.com
With the Fed continuing its hawkish stance, risk-on assets like Bitcoin come under increasing pressure. And with no sign of inflation coming under control, investors are bracing for worse.
https://cryptoslate.com/bitcoins-net-exchange-flows-signal-trouble-is-brewing/
Bitcoin sinks over Fed rate rise
Wednesday saw the Fed raise interest rates by half a percentage point, the largest single increase in two decades. Although Bitcoin initially soared on the aggressive positioning by the US central bank, a change in trader sentiment followed.
https://cointelegraph.com/news/bitcoin-s-rocky-road-to-becoming-a-risk-off-asset-analysts-investigate
Bitcoin’s rocky road to becoming a risk-off asset: Analysts investigate
Bitcoin has long been known as a “store of value,” but is the world’s largest cryptocurrency transitioning to becoming a risk-off asset in 2022?
Bitcoin’s net exchange flows signal trouble is brewing
Data shows BTC exchange inflows hit a one month high suggesting sell pressure is brewing.
-
Cryptocurrency is certainly a very good way to diversify your earnings. I also think you might be interested in business ideas such as creating betting platforms with sportsbook api (https://uplatform.com/solutions/usports-api/). Proven api can be a great step for you on your way to profits. I think it might be useful for you if you are interested in the gambling field.
-
In principle, you can use this option
-
In principle, you can use this option
The principal I follow is that the odds favor the house, so you will eventually lose.
-
I'd been thinking of investing in crypto for a long time, and then I managed to discover Bhero. I can tell you that this launchpad turned out to be quite promising, and I decided to start working with it, I highly recommend you learn more about Bhero Tiers (https://bhero.com/blog/the-new-bhero-ticket-allocation-system) and start making money there, I'm sure you won't be disappointed if you decide to give it a try.
-
Someone explain to me how Crypto isn't a scam. Because all I am seeing is people buying it in hopes the prices goes up to sell at a profit. But what can I use Crypto besides that? Just to clarify, what can I legally use Crypto for? It seems like Beanie Babies all over again, but at least when Beanie Babies lost their value your children still had them as toys to play with.
-
Someone explain to me how Crypto isn't a scam. Because all I am seeing is people buying it in hopes the prices goes up to sell at a profit. But what can I use Crypto besides that?
Read the multitude of posts that oldbuddy has made with regard to bitcoin - and then see if they answer your question! (Not meant to sound snarky or condescending...)
You can buy pretty much anything with it.
-
Someone explain to me how Crypto isn't a scam. Because all I am seeing is people buying it in hopes the prices goes up to sell at a profit. But what can I use Crypto besides that?
Read the multitude of posts that oldbuddy has made with regard to bitcoin - and then see if they answer your question! (Not meant to sound snarky or condescending...)
You can buy pretty much anything with it.
First of all, I never buy Crypto unless I use money I earned free online and then I invest it in an interest bearing savings account so that hope is replaced by a sure thing (15% APR). Remember if the value of Bitcoin goes down, that has no effect on my bottom line unless I sell it and since I am earning daily interest the number of coins continues to rise. I deal in Satoshi (which are tiny), but if I have a couple of Million the pool grows fast enough to satisfy me. The odds are someday those turned up noses will catch a glimps of the dream and attitudes will make an abrupt change like they did for me a few years ago. CRYPTO IS REAL MONEY!
-
Is anyone into the bitcoin craze? My oldest son is making money from it, but I wonder how long it can last.
Does anyone understand it to put it in simple terms for a person like me who doesn't really get it? :confused1:
Be very careful about investing with Bitcoin. There are so many scams out there. I was just listening to a podcast on AARP and this lady lost $110,00 trying to make money because initially they were making it seem awesome because she invested $400 and got back an additional $600. So she invested a much larger amount and that's where they got her.
-
Is anyone into the bitcoin craze? My oldest son is making money from it, but I wonder how long it can last.
Does anyone understand it to put it in simple terms for a person like me who doesn't really get it? :confused1:
Be very careful about investing with Bitcoin. There are so many scams out there. I was just listening to a podcast on AARP and this lady lost $110,00 trying to make money because initially they were making it seem awesome because she invested $400 and got back an additional $600. So she invested a much larger amount and that's where they got her.
They didn't get her, she got herself. What part of earn it free and let it grow is so hard to understand?
The next most important principal is it is impossible to lose money unless you sell. It's not the market price that determines your profit, it's the difference between what you paid for it and you are able to sell it for by being patient. The real principal is if you can keep increasing your balance even though the value is dropping, the potential is still there to make a nice profit when your increased quantity of coins goes up in value, like it has so many times already.
-
After the shock that crypto investors experienced, they got the hope that it will increase soon, it is not yet known exactly how much. Now it is most likely that the exchange rate will move further to $ 25 thousand since there are no positive drivers on the market. Based on their knowledge gained after studying at http://blog.bhero.com I admit that speculators and institutional investors may become more active in the range of $ 25-29 thousand, which may cause a "rebound" of the exchange rate.
-
After the shock that crypto investors experienced, they got the hope that it will increase soon, it is not yet known exactly how much
Actually I have yet to experience the shock you read about from people who have no clue what they are talking about. I owned Bitcoin when it was valued at $60.000 and now it's around $20,000 and of course the same is true about Satoshi (which are like pennies relate to Hundred Dollar bills in principal), so the shock was avoided when I considered that my few thousand Satoshi when the value was high are still worth just as much because I have a couple million of them. When Bitcoin goes up, they will too and because of the economy of scale it can be even better for those that held on.
-
I owned Bitcoin when it was valued at $60.000
Lucky You! I didn't get in until it was already up to about $3,000 per BTC. Still wishing I had been a bit more of a tech nerd back in 2009.
But I'll take what I got regardless.
-
I could have done a survey for $75.00 if I had known anything about crypto. Now I'm bummin'.
Don't ask me how I got the opportunity. I forget; even though it was less than an hour ago. But my disappointment is killing me. :sad1: No; not really. ::)
-
Not disappointed in missing out on a $75 survey?
-
Working with crypto has always been a burden for me, as I have never understood how the blockchain works. Now I spend my free time studying the issue as I have become interested in this topic. During breaks I read https://cherrybonuses.com/get-bonus/boho-casino-30-free-spins-no-deposit-bonus/ (https://cherrybonuses.com/get-bonus/boho-casino-30-free-spins-no-deposit-bonus/), receiving bonuses for online casinos. In general, I'm looking for money and the opportunity to earn money everywhere.
-
Working with crypto has always been a burden for me, as I have never understood how the blockchain works. Now I spend my free time studying the issue as I have become interested in this topic. During breaks I read https://cherrybonuses.com/get-bonus/boho-casino-30-free-spins-no-deposit-bonus/ (https://cherrybonuses.com/get-bonus/boho-casino-30-free-spins-no-deposit-bonus/), receiving bonuses for online casinos. In general, I'm looking for money and the opportunity to earn money everywhere.
I still don't understand how the BlockChain works, but I have accumulated over 2 Million Satoshi I am building on without risking a penny of my own money. I used a gambling site for most of this, but I learned early on why gambling sites have so much money and it's not because they give away free money. However they do offer nice compound interest on any deposits we make, so I don't mind waiting while I watch it grow.
I did look at your expired offer and noticed they don't let US residents play, oh well I wasn't too tempted anyway.
However the free money here on Fusioncash is the real deal and it supplies a lot of the money I used as seed money to grow my Crypto funds.
-
To be honest, I don't know much about cryptocurrencies. I know that trading can bring good profits, but still it doesn't suit me very well. Now I make money online by betting on sports, and the site https://www.dimers.com/bet-hub/mls/schedule (https://www.dimers.com/bet-hub/mls/schedule) helps me a lot, where I look at tips, predictions, sports schedules and other useful information. If you're a better player, I recommend checking this site
-
I wonder if it's fully legit. I have read about it, but don't fully trust it.
-
It's legit. It's just a volatile price. Buy low/sell high... (Or in my case, buy low and HODL).
-
It's legit. It's just a volatile price. Buy low/sell high... (Or in my case, buy low and HODL).
From my observation thaat is a risky strategy.
What I prefer is to buy low and invest, preferably with compound interest.
-
Well, I've probably only cashed out less than 5% of what I've purchased and view everything I've bought and the cost of BTC as the actual investment. My philosophy on it is that I am in it for the long haul - waiting to see if the upward trend continues over a 15 or 20 year plan.
-
Well, I've probably only cashed out less than 5% of what I've purchased and view everything I've bought and the cost of BTC as the actual investment. My philosophy on it is that I am in it for the long haul - waiting to see if the upward trend continues over a 15 or 20 year plan.
Hmmmm . . . I guess I am in trouble then since in 20 years I would be 104 years old and the odds are against me ever getting that far. Maybe one of my heirs will get it?
-
LOL! (Not laughing at the thought of you not getting that far).
Yea, I guess I am just going to wait and see if the price explodes that high, like some predict, or if the bottom drops out, like others predict. I figure that I have between 15 and 20 years left before I retire from working (51 now). If things trend upward over the next 7-10 years then I might have something nice crypto speaking by the time I retire. If things go badly - at least I'm not sinking every spare penny into it and only risking what I can afford to risk at the moment. And I can still jump ship at that point before it sinks completely.
-
LOL! (Not laughing at the thought of you not getting that far).
Yea, I guess I am just going to wait and see if the price explodes that high, like some predict, or if the bottom drops out, like others predict. I figure that I have between 15 and 20 years left before I retire from working (51 now). If things trend upward over the next 7-10 years then I might have something nice crypto speaking by the time I retire. If things go badly - at least I'm not sinking every spare penny into it and only risking what I can afford to risk at the moment. And I can still jump ship at that point before it sinks completely.
Fortunatly I discovered how to build my Crypto holdings for free, so whatever happens it can't hurt.
-
I tried to understand cryptocurrency, but to be honest, it seems to me that it is too complicated for me, and in general, not very interesting. I decided to try something different, I started with an online casino, and then I thought it would be more profitable to develop my own gambling platform. It's good that there are beter live - beter (https://beter.co/beter-live) specialists that I contacted to get access to the game content and offer the best conditions to the players.
-
useful information
-
I tried to understand cryptocurrency, but to be honest, it seems to me that it is too complicated for me, and in general, not very interesting. I decided to try something different, I started with an online casino, and then I thought it would be more profitable to develop my own gambling platform. It's good that there are beter live - beter (https://beter.co/beter-live) specialists that I contacted to get access to the game content and offer the best conditions to the players.
What's to understand, it's money and the only thing that is complicated is that it is volitile and it makes you wonder why it is? The solution is to take advantage of the Internet where you can get it free. If you get it free, no matter what you sell it for that is above zero will give you a profit.
-
I think that cryptocurrencies and NFTs are great ways to make money if you start investing in them. There are a lot of opportunities now, as well as various information resources, thanks to which you can quickly understand this topic. I can recommend blog https://envelop.medium.com/envelop-x-arcona-metaverse-alliance-3d300f54eae2 (https://envelop.medium.com/envelop-x-arcona-metaverse-alliance-3d300f54eae2), which I always use to read various articles and learn more about nft.
-
I don't think NFTs are good investment, seen tons of people get theirs stolen by a method called "screenshotting"
-
Cryptocurrencies have been making headlines for quite some time now, and it's no secret that they can be lucrative investment option for those who are willing to take the risk. However, with so many different cryptocurrencies out there, it can be tough to determine which ones are undervalued and have potential for significant growth in the future https://techniciansnow.com/cryptocurrencies-that-are-undervalued-but-could-be-good-investments/ .
One cryptocurrency that comes to mind is Cardano (ADA). Despite being one of the top 10 cryptocurrencies in terms of market capitalization, many experts believe that Cardano is still undervalued and has lot of room for growth.
-
Financial advisors will tell you to RUN the other way. It isn't worth the risk unless you have money to burn. But to each their own.
-
Financial advisors will tell you to RUN the other way. It isn't worth the risk unless you have money to burn. But to each their own.
Interesting, if they were as smart as they want you to think, they would be investing their own money instead of yours. I would be running the otherway alright, away from them.
-
Cryptocurrency is an investment, I think cryptocurrency is the future. I actively invest in it, of course, it is risky than stocks, but you can really make money on it.
-
want to try and learn it
-
want to try and learn it
Just resist being buffeted by the worthless opinions of those who just want to talk about it and take action to start accumulting your future from all the free opportunities online. Don't listen to those who say it's a waste of time. Sure the Satoshi is a tiny denomination, but when you have a few million of them in various accounts that are paying you daily compound interest they stack up quite nicely for daily revenue shares you can count on.
-
Ready to level up your cryptocurrency game? Look into ownr (https://ownrwallet.com/) Wallet! It's the best virtual wallet app out there. Store, exchange, and send nine coins effortlessly. Manage all ERC-20 tokens like a pro. Keep an eye on BTC price spikes to seize opportunities. It's secure, convenient, and perfect for daily use.
I would say that the biggest risk with NFT is the fact that they are getting cheaper very fast. You just don't have time to sell them. Just look at, say, BAYC collection. it's dropped in value tremendously.
-
I don't pay any attention to NFT's or any other alphabet soup spinoffs. I focus on getting free Satoshi and eventually Bitcoin and deposit it where it grows every day on Daily Compound Interest until I have multi-millions all obtained free, so no matter what the current price is, it's always more than I paid for mine.
-
I don't understand it either but a friend has been doing really well with a app that she downloaded for first time investors for Bitcoin so I plan on downloading the app and with her help invest a very small amount, hopefully it will payoff in the long run!
Sounds like a good idea Deb, but only invest what you can afford to lose. Of course the option I prefer is, only invest what you can earn online for free and you can never lose. Google my user name if you need more details.
I agree with you OB. I don't understand crypto and bitcoin. I read articles where people are being robbed by scammers and it is happening practically everyday.
-
I don't understand it either but a friend has been doing really well with a app that she downloaded for first time investors for Bitcoin so I plan on downloading the app and with her help invest a very small amount, hopefully it will payoff in the long run!
Sounds like a good idea Deb, but only invest what you can afford to lose. Of course the option I prefer is, only invest what you can earn online for free and you can never lose. Google my user name if you need more details.
I agree with you OB. I don't understand crypto and bitcoin. I read articles where people are being robbed by scammers and it is happening practically everyday.
I read in local newspapers where people are being scammed for Dollar Bills too, money is money.
-
Think of Bitcoin as digital money, but instead of being controlled by a bank, it runs on a decentralized system called a blockchain. People buy and sell Bitcoin on various platforms, hoping its value will increase. It's a bit like investing in stocks but with its unique twists. While seeing your son making money is exciting, remember that the crypto market can be unpredictable. So, better use tools like white label cryptocurrency exchange (https://tinytrader.com) to navigate it better. I hope that helps!
-
Think of Bitcoin as digital money, but instead of being controlled by a bank, it runs on a decentralized system called a blockchain. People simply buy and sell Bitcoin on various platforms, hoping its value will increase.
Yours is a typical hope, but I am just as happy if it stays the same price from day to day since I make my money by collecting it every day and keeping it on deposit to earn Daily Compound Interest over time.
-
I am still new to the crypto currency phase. I do know the more you have , the better it will be in the future
-
I am still new to the crypto currency phase. I do know the more you have , the better it will be in the future
With the normal strategy people follow (HODL) that is true, but only during a Bull Run when it goes up significantly. In my strategy, I use free faucets to increase my balance no matter what the price does and withdraw partially when it increases. Since my acquisition cost was zero, I make a profit no matter what I sell it for.
-
Yes, I'm into the bitcoin craze, and I discovered apa itu finex (https://www.semuabis.com/finex-berjangka-pt-021-29920038) while researching different platforms. I read reviews and feedback about various brokers, and Finex received positive responses. With their reliable platform and support, I can actively participate in the bitcoin market. Having a reputable broker like Finex has been crucial in my bitcoin trading journey.
-
While seeing your son making money is exciting, remember that the crypto market can be unpredictable.
I would say that crypto market is the picture of volatility.
-
While seeing your son making money is exciting, remember that the crypto market can be unpredictable.
I would say that crypto market is the picture of volatility.
No problem. Once you understand how to keep volatility under control it can be your friend. I ignore the price and concentrate on earning free bitcoin every day, so no matter what the price is when I sell it I make a profit.
-
The topic of investing is very interesting to me. Every person in the modern world simply needs to learn how to manage their finances and multiply them. It took me a long time to choose the right one for myself, it was difficult, there was a lot of different information. I finally settled on this site https://www.binance.com/ (https://www.binance.com/). There is a convenient interface and a lot of useful information, there is the possibility of investing.
-
<a href="https://www.bitfunded.com/">Crypto Funded Accounts</a> allow traders to access capital from prop firms to trade cryptocurrencies without using their own money. These accounts come with profit-sharing models, risk management rules, and evaluation phases. Top firms offering them include FTMO, MyForexFunds, and FundedNext.
-
While seeing your son making money is exciting, remember that the crypto market can be unpredictable.
I would say that crypto market is the picture of volatility.
No problem. Once you understand how to keep volatility under control it can be your friend. I ignore the price and concentrate on earning free bitcoin every day, so no matter what the price is when I sell it I make a profit.
Do you technically "Own" crypto if you save it in a site? I mean, do I HAVE to check the box on my SR1040 that asks if I own crypto?