Please guys help me suggest coins to buy. I’m a student and I don’t really know much about crypto but I need the money for financial freedom and help my dad cover some of my school costs. Please guys.
There are over 3000 coins rn on the space. And since your starting capital is $200, I will advise you go for low/undervalued platform coins like Dent, Trx, Chz, etc. These coins are currently below $1. A right choice in the selection of coins can turn your $200 to thousands. Just do your own research and carefully select!
Some Defi Coins play very well on crypto market. Is it good time to invest in Polkadot Coin?
DOT is certainly a coin of the future. It will so much surprise many. Polkadot and Solana are two major blockchains currently taking the space by storm.
I am looking to take some profits on my altcoins after the next big pump. Need some advice if my strategy is good or not. I'm based in the US.
1. When I start to take profits from my altcoins do I just sell them on the exchange for dollars and then buy stablecoins with that? Or do I somehow trade the alts for stables? Does is matter since selling or trading them are taxed for capital gains regardless?
2. Once I take the profits in stablecoins, is putting them on something like Blockfi to gain interest the best thing to do while I wait for another dip to possibly reinvest them?
3. Once the bull run is over I'm most likely going to keep all my bitcoin and probably most of my Ethereum. I'll sell most of my alts for stablecoins but keep small bags of the ones I want to keep through the bear market. Is this a sound strategy?
4. During the bear market is taking a cash loan using my crypto as collateral (BTC and ETH) a good way to defer capital gains taxes? Won't I have to pay these taxes eventually? I know there are drawbacks to this strategy but it seems like a lot of experienced people do this.
5. After the bull run should I just put my stablecoins in something like Blockfi during the bear market? Or is cashing out to dollars and investing in something like real estate a good way to defer capital gains taxes?
I know these are a lot of questions but any advice is greatly appreciated, this forum has been extremely helpful for a noob that has been in the space for about 4 months now. Thanks!
Taking profit is very important strategy on Altcoins. Most importantly also is to know the best time to take profit. Also, cultivate the habit of not emptying your entire portfolio.
One of the reasons why binance smart chain becomes this big right now is because ethereum gas fee is very high and this force some projects to switch to BSC but what do you think will happen once ethereum gas fee goes lower in near few months? Will BSC faced same fate as binance DEX? Or BSC will remain the better option over ethereum?
You are right. But do you think the hype will die down? Well, I think not. Because BNB being the bedrock of BSC is beginning to gain momentum. So the hype behind BSC will continue as long as BNB exists
Crypto is one of the avenues of getting rich yet it should be understood that it does not happen overnight. Getting rich in crypto requires a lot of dedication, hard work and patience. People do not see the essence of crypto investment because they want to get rich quickly, hence, hurriedly invest in projects that follow the pump and dump trend. Remember, one key to success is patience.
Crypto is one investment that can offer you riches overnight. We can all see how meme coins gave exponential profits and growths over time
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BoardBounties (Altcoins)
Re: 🍌 Apeswap.Finance Bounty + Airdrop Campaign | $50,000 in $BANANAs up for grabs!
Be care to keybase airdrop that promised 500 xlm. Is a scam.
You are joking. I have just received my 688.40XLM worth 50$. Stop the FUD and join in the queue if you care for. I also benefitted from their blockchain airdrop months ago.
My friends who also registered same time have also received. If you did multiple accounts trust me, you will be disqualified.
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BoardAltcoin Discussion
Re: Stellar burned half of it's supply and Price Spikes
The Stellar Foundation burned half of its digital tokens supply of around 55 billion XLM feed an approximate value of $ 4.7 billion were burned. On Monday, the foundation announced that they have done this for network growth. The announcement made during the stellar Meridian Conference by the CEO of stellar Foundation, Denelle Dixon.