Now that you’ve got an idea of what Safemoon is and its background, we can focus on the coin’s long-term outlook. Most beginner crypto investors simply buy Bitcoin (BTC) or Ethereum (ETH), although lesser-known coins such as Safemoon can be better options if you are looking for quick returns. However, that being said, these options tend to be much riskier, so this will depend on your risk tolerance.
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The world of cryptocurrencies can be a tricky field to navigate for the uninitiated.
If you are a merchant, you can also accept digital assets as payment directly or through a payment processor or service that is more convenient and adds capabilities. Some services give the option to convert paid cryptocurrencies into cash automatically on the back end, while there are also some companies that offer crypto top-up debit cards that are indistinguishable from any other plastic card to pay for goods or services.
Bitcoin (CCC:BTC-USD) saw new all-time highs in October, surging more than 24% over the past month. The world’s most valuable cryptocurrency boasts a market capitalization exceeding $1.15 trillion. Now, Bitcoin is hovering above $61,000, up almost 108% year-to-date (YTD). By comparison, the S&P 500 gained 24.4%, and NASDAQ Composite returned 23.4% so far this year. Recent metrics indicate that the global cryptocurrency market was “valued at USD 1.49 billion in 2020 and is projected to reach USD
Monthly Child Tax Credit Payments Are On the Way. Here’s How Much You Can Expect from the IRS
ProShares and digital asset manager VanEck had filed applications with the SEC to launch ETFs on ethereum earlier this year, but they subsequently pulled their plans. Both ProShares and VanEck declined to comment on their reasoning. Valkyrie’s McClurg said that due to thin trading activity in ethereum futures markets, expecting regulatory approval before the end of next year was a “long shot”.
While the success of any cryptocurrency initiative is not guaranteed, if it meets its objectives, early investors may be well rewarded in the long run. To be regarded as a long-term success, any cryptocurrency initiative must first achieve widespread adoption.
Bitcoin’s volatility is more reason for investors to play a steady long game. If you’re buying for long-term growth potential, then don’t worry about short-term swings. The best thing you can do is not look at your cryptocurrency investment, or “set it and forget it.” As experts continue to tell us each time there’s a price swing — whether up or down — emotional reaction can cause investors to act rashly and make decisions that result in losses on their investment.
Day 4: How does anonymity on the blockchain really work? Riccardo Spagni, lead maintainer at Monero, will be joining on Thursday to take us through it.
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America’s largest grocery retailer, Kroger, has confirmed that a press release claiming the company would accept Bitcoin Cash (BCH) throughout its stores was fake.
There actually aren’t too many crypto gaming startups out there, but a good chunk of them are built by crypto founders with crypto economics at the center of every part of the titles. As a result, most blockchain games have pretty advanced economies and pretty rudimentary gameplay.
Bitcoin is increasingly viewed as a legitimate means of exchange. Many well-known companies accept Bitcoin payments, although most partner with an exchange to convert Bitcoin into U.S. dollars before receiving their funds.
The variation of available services, even from state to state, increases friction on the platform and rules out a large swathe of potential users. While this may improve with the expansion of Binance.US, currently, Binance is by far the better platform when it comes to choice.