18th LeoFinance 🐯 curation digest
@HODLCommunity presents to you the 18th LeoFinance Curation Post
We feel very excited as we think we will address one of the most important issues on the leofinance.io platform: Curation.
We truly hope, big stakeholders will support this initiative in order to spread rewards to some amazing writers.
Our goal is to support content creators and generate qualitative interactions between LeoFinance users.
We will set a 5% beneficiary for every author selected in this curation report.
So Lions 🐯, let's roll !
The name of the game is to accumulate as much bitcoin as you possibly can. Not only is it a better way to save your wealth; into something that isn't depreciating. But it is also appreciating at an average rate of at least 200% per year. If bitcoin reaches that heights that many believe it will; than anyone holding a solid amount of it will become rich. It can be life-changing for anyone who is able to accumulate a decent amount of it, and that is exactly what has happened for me.
Comment; By setting realistic consistent targets right?! Nice, not a bad method of accumulating at all. I like the part of selling old unused household items too to raise funds to load up on BTC. So many things in my house that I think should go, even though they might not worth so much they will push me from owning 0.002btc to a further number close to 1. I’m sure people will find these tips useful.
The blockchain technology is nearing perfection on all fronts of scalability, security and immutability, and many are waking up to the potential use cases of the cryptocurrency industry. Popular utilizations of the blockchain's features has already been demonstrated in the booming market of Decentralized Finance and NFTs in particular.
Comment: The blockchain technology is nearing perfection on all fronts of scalability, security and immutability, and many are waking up to the potential use cases of the cryptocurrency industry. Popular utilizations of the blockchain's features has already been demonstrated in the booming market of Decentralized Finance and NFTs in particular.
Investing can be a daunting and overwhelming undertaking. I can't imagine how it must be for new people entering the crypto world. Below is a list of things I wish I knew before I started in the world of investing (some of these may not apply to crypto investing).
Comment; Many interesting points, for me though I don’t think I had these types of issues in the beginning of my investment journey, probably because of the industry where I invest. But I do totally agree that investments have cost, bear markets are great buying signals investing regularly, and past records are not guarantees for future performance. Thanks for sharing...
If you do choose to save your money in a bank account instead of mutual funds, you will miss out on tens of thousands of dollars over time. In this article I will bring you the math that will surprise many.
Comment: Really interesting perspective here, Erik is such a lucky guy lol. In Nigeria, if you keep your money in the bank, the government recently passed a bill that says your money is liable to being borrowed by the central bank if the account is dormant for 6 months. And ofcourse we know the chances of being paid back are very slim so, it’s good bye to banks for me.....errm....so...no Bitcoin plan?
Today when I was checking my portfolio, I was a bit sad thinking that I don't have any Bitcoin in my portfolio. Only when I joined the crypto world, I invested in Bitcoin and double my investment in just 2 months. That was when I decided that I should give this crypto industry a try. I then search for making cryptocurrencies instead of purchasing and investing and that is when I ended up in Steem Hive.
Comment; I’ve seen this question come up a thousand times already, should I buy Bitcoin now, I saw it when Bitcoin was 9k, saw it at 12k, 15k, 25k, 30k, even saw it at 60k. What I usually tell people is this, rather than asking, you can as well be buying.
This post is created by @mistakili to curate quality content on LeoFinance.
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