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To the horror of some of my more traditional investor friends, I increased my holdings in both Bitcoin and Ethereum two of the leading crypto currencies by market cap up to a lowdigit position this year using Binance ref link.
Though in retrospect, Binance. In the future, I might consider also making similar plays in alt coins as well. I already invest in the stock market via passively managed local and foreign index funds. Cryptocurrency might be the riskiest of all these other investments, but it also has a place.
Last year, the US printed trillions of dollars to salvage the economy. While the strategy worked, one side effect you can expect to see is the value of money decreasing. That means holding on to too much cash might have negative returns.
Viewed in this context, cash is indeed trash. With such large potential returns, the rewards are hard to ignore. We want to sleep at night. Minimising the risk you are exposed to also helps us focus on other things, instead of going through emotional rollercoasters all day long.
Very stressful. Our 20s and 30s are really better spent over fussing about other things. To us, crypto is a way to protect our finances from technological change, if we grow rich from it, great. If not, meh. You might be wondering how I feel about missing out on one of the greatest opportunities in history to grow my money.
The stress would have probably killed me. Secondly, buying is one thing, holding is another. Crypto is hardly the first speculative investment with meteoric returns. Rather than jumping headfirst into every new trend that comes by, build up your wealth conventionally first so you can have the privilege of speculating. After all, the more money you have, the more risk you can afford.
The social situation it presents is unlike any other. In another life someone would have taken credit and the idea of Bitcoin will not be what it is today. Start with the fundamentals. Eth being outdated- we dont just discard windows 98 because its outdated. Eth is not going to just disappear overnight. Same concept why would u start over with a new brand called pear when apple has a big pool of developers and users. Crypto takes awhile to understand but i hope you give it a real study before dismissing it.
As a developer, i dont see the crypto space as a money making machine. DYOR why i can do this building dapps without security concerns. Furthermore, who will protect your investments in the event of theft or fraud? As long as there is 1 country in the world that supports this liquidity will never be an issue. The question of whether you should invest in Litecoin comes down to if you see long-term potential in this cryptocurrency.
There are now over 10, cryptocurrencies out there, and a number of them are in the digital payment space. Personally, I think some form of digital currency will be commonplace in the future. The big question is what form that digital currency will take. A number of Bitcoin alternatives altcoins have sprung up, offering faster transactions and lower fees. It remains to be seen which of these coins if any can gain widespread merchant acceptance.
Stablecoins solve part of this problem, as they are pegged to something less volatile, like the U. They offer the benefits of digital currencies without the extreme price fluctuations. The U. If people adopt digital dollars, it may be even more challenging for coins like Litecoin to achieve mainstream adoption. As you can see, Litecoin has a lot of competition. It has been around for ten years, which makes it old in crypto years. On the one hand, that means it has an established track record.
Some have written totally new blockchains that are eco-friendly and scalable. Litecoin may still succeed as a digital currency. Read our full review for free and apply in just two minutes. Science and speed, not chaos and confusion: Biden unveils winter plan to fight Covid. If year yield falls below 1.
Emma Newbery owns Bitcoin. Litecoin basics Litecoin is based on the same technology as Bitcoin, and its creators say it was designed to complement the crypto giant. What it does: Litecoin is designed to be a faster and more scalable currency. While Bitcoin develops a reputation as a digital store of value, Litecoin hopes to be a digital currency for everyday purchases.
Management team: Litecoin is run by the Litecoin Foundation, based in Singapore. Its managing director is Charlie Lee, who created the coin. Date launched: Availability: You can buy and sell Litecoin through most major U. Should you buy it? Here are three possible ways it could unfold.
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Invest your super the smarter way; with Cointree az-wife.ru Loopring (LRC) +% Nebulas (NAS) +% Litecoin (LTC) +%. Поиск don t invest in litecoin|Bityard Defi Crypto. Искать по don invest lit. Всего найдено 0 записей. Для выполнения поиска длина фразы должна быть не. It's never been easier to invest in the United States. With Passfolio, people in over countries can use their local currency and local deposit methods.