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VickyMember
https://coinmarketcap.com/currencies/cardano/
If you look at the graph, you will get an idea of how it is doing. I don’t view this one as a risk because the numbers are showing a pattern of only going up from here. By how much though, I am not sure.
June 2, 2021 at 6:57 am #3544 -
VickyMember
There are a lot of Chinese investors in crypto as well as miners. This is likely going to hit the market because the miners will be pushed out by laws and regulations which will cause a decrease at first and then a huge influx. I expect to see most crypto double in value by the end of the summer because of this.
June 2, 2021 at 6:51 am #3542 -
VickyMember
I think it is just because the value of USD is projected to drop quite a bit. What is sad is that these big companies and corporations know this and they will be handing out raises and arguing in favor of a minimum wage increase. People will be all for it but their buying buyer will be no better than it is right now, even though they are earning nearly double.
June 2, 2021 at 6:49 am #3541 -
VickyMember
I think they want to keep people from skipping out on taxes or using crypto for illegal things (buying unmarked guns, drugs, child trafficking, etc. online). I understand the concerns around this stuff but they need to allow people to have their privacy. I am not fully versed on this Act or what it does though.
June 2, 2021 at 6:47 am #3539 -
VickyMember
One option that is increasing in popularity is using a cold wallet. If you are not familiar with this, it is the opposite of a “hot wallet” being your wallet on your phone or computer. You store information offline such as keeping your passwords written down and kept in a safe place or putting them on a USB. For more security, hardware wallets can be used.
June 2, 2021 at 6:44 am #3537 -
VickyMember
Outside of Bitcoin, you can look into Ethereum, XRP, Cardano, Stellar, Uniswap, and Monero. Those are pretty popular right now and have a lot of support. They are not terribly expensive like Bitcoin is. Ethereum is the most sitting at just over 2.7k but has been as high as 4k I believe.
June 2, 2021 at 6:41 am #3536 -
VickyMember
The thing with this coin is that it is only still relevant because of Elon Musk. If a coin’s value is hindered by the things one person says or does, it is not a smart investment. People flip flop on Elon all the time and the coin’s value is likely not going to increase more than we have seen already.
June 2, 2021 at 6:37 am #3535
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