Adribaasmet posted: Hello Leo; what is Bitcoin Cash (BCH)? Is it another type of crypt currency?
It is a new cryptocurrency which is an exact copy of the original Bitcoin(BTC) and it resulted due to chain split or hard fork in original Bitcoin.
Since many central governments and central banks are trying to centralise and regulate the money supply to Bitcoin and hence, Bitcoin cash is like a back up system in case if something wrong happens with Bitcoin.
I mean when Bitcoin price will reach between 1 MILLION USD to 5 MILLION USD per BTC, then definitely a lot of powerful entities will try to centralise the Bitcoin price and manipulate price or try to shutdown it's usage etc and hence, Bitcoin cash can be used an alternate system.
Though BCH has many advantages over BTC in terms of transaction speed and low fees, but I am not a big fan of BCH, but as I said it can work as a back up system since it came out of the original Bitcoin chain though other coins can be used also.
Thanks a lot for your contribution! I asked about BCH; because got free BCH in my coinbase account (exactly the same amount of my Bitcoin); but I am not sure is it withdrawable or not! Do you know the reason of free BCH?
Yes, as I said BCH is resulted due to hard fork of Bitcoin chain and hence, everyone who had Bitcoin previously before the fork must have got FREE BCH of equal amount.
And of course, you can withdraw the BCH. But I will recommend you to withdraw some(50%) and hold some(50%) because anyway you have got them for free. Because BCH price may even rise to very high as the BTC price will increase.
The bitcoins and the retirement stage seem two completely opposite worlds: the first is highly volatile, while retirement requires the greatest possible certainty to sustain our base in advanced stages. So, how can they coexist in harmony? According to specialists, the key lies in diversification.
There is a long list of factors that people can point to in an attempt to explain the bitcoin frenzy. Some investors have compared the rise of bitcoin with the bubble, instead of a currency, bitcoin is being treated more like an asset.
Johnw7 posted: The bitcoins and the retirement stage seem two completely opposite worlds: the first is highly volatile, while retirement requires the greatest possible certainty to sustain our base in advanced stages. So, how can they coexist in harmony? According to specialists, the key lies in diversification.
Yes, you are correct in fact regarding diversification.
The key to make money safely and steadily is to create a basket portfolio by investing in various assets which will make money for you. In my understanding and experience, you can put majority(approximately 60% or more) of your net worth in safe investment assets for long term gains and safety, but minority can be diversified in various risky assets as well for massive quick gains so that it will balance the portfolio by hedging the risk as well as increase the net worth over time.
As many people have already said it, I will repeat the quote 'The difference between rich and poor is only one thing. Poor people work for money everyday and rich people allow the money to work for them to make more money everyday'.
Ostrzeżenie o wysokim ryzyku: handel walutami obcymi wiąże się z wysokim poziomem ryzyka, który może nie być odpowiedni dla wszystkich inwestorów.
Dźwignia stwarza dodatkowe ryzyko i ryzyko straty. Zanim zdecydujesz się na handel walutami, dokładnie przemyśl swoje cele inwestycyjne, poziom doświadczenia i tolerancję ryzyka.
Możesz stracić część lub całość początkowej inwestycji. Nie inwestuj pieniędzy, których nie możesz stracić. Zbadaj ryzyko związane z handlem walutami i zasięgnij porady niezależnego doradcy finansowego lub podatkowego, jeśli masz jakiekolwiek pytania.
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