Investing in Cryptocurrencies
A lot of people still skeptical investing in cryptocurrencies , whether it brings a bright future or just a scam that will cause them to lose a lot of money, time and effort.
But cryptocurrencies are here to stay! And if you have a good knowledge of how the current financial system works and how's our current fiat currencies are made, you might say that, Yes! a cryptocurrency is the very much better way to do commerce.
The idea of decentralization, a trustworthy and very secure ledgers of transactions, a borderless exchanges of value are just some of the promises that this crypto world can brings to the society!
Investing in cryptoworld now is investing in the future! Unless your purpose is for short- term gain , its better to do it in trading. But for the majority people, the best way is to invest Now! then Hold for maybe 5 to 20 years.
So the only question now is what cryptocoin you can invest that can have a long-term viability. The answer is still uncertain. Even the obvious pick which is Bitcoin has its own issues and problems but these issues was greatly solved, by other cryptocoins that follows it.
So the best way at least is to diversify, and have some time researching about a coin, especially the history and people behind it. Whether you're buying or just putting your effort and time doing marketing stuff, getting bounties or simply doing some faucets or airdrops to get this cryptocurrencies, then you do Hold! and be pro active in marketing the coin or coins you truly believe in.
And also be careful! because this technology is very new and hard to understand, it become like a "Wild West" and ripe for exploitations. Pyramiding scam, pump and dump scheme, fraudulent ICO, Misleading trading websites, are just some of the schemes used by groups and individuals to scam people. Even cloudmining and coins ICO become risky to invest with.
Buying, mining ( or staking) or simply doing some faucets, bounties and airdrop are the only way to earn these cryptocoins. Knowing that, people can simply avoid the fraudulent and scam websites.
After acquiring these coins, you do Hold! for some time, whether the goal is short-term or a long one.
There's no point in selling these cryptocoins back to fiat currency, there's no turning back! Cryptocurrencies are here to stay and it is the future! and fiat and the current financial system can be a thing of the past.
Peace and Abundance to All
What Happen If Corona Virus Crisis Turns Out To Be As Common As Seasonal Flu and Common Colds?
My thoughts to answer that question is to give three possible scenarios we are all heading if that case will happen.
Scenario 1
Most government will continue to implement lockdown and strictly enforce stay at home policy until a vaccine or a magic pill will be develop.
- This is what happening today, without a clear and definite cure to this problem, lockdown will continue and lose in life's quality will be very huge. A new norms will develop. Food will be enough for all the population through self production and reliefs from the government. There's no end to this, vaccines and pills become obsolete as the virus reemerge itself. Drastic changes in people's lifestyle, habits and attitudes. Less patients and deaths stays within its current mortality rate. Economic loss are so huge, and left millions of people with no work.
Scenario 2
There will be a modified lockdown from places to places. Economy turns on and off from time to time.
- This is the scenario where most countries is planning now. Opening up and then locking it down again when virus emerge will be chaotic and discriminating especially in free countries where local or federal governments can impose its own policies. Businesses are not design with a switch button that the government can easily turn on and off immediately at any given time. Possible protests and mass disobedience. Lifestyle and habits of people already changed. More infected, but mortality rate stays at current level. Herd immunity catching up. Economic loss is huge and millions have no jobs. This more likely be the case until a proven and safe drug or vaccine will emerge.
Scenario 3
No more lockdown and restrictions. Everybody is back to business as usual.
- This scenario will be unlikely as of now because of the fear that the government, doctors and media created for the people. Very few will questions what really is going on when their government can easily silence the few in the name of safety of its people. Economy and businesses back running again but the damaged is already huge because people already changed. Non- essential businesses will struggle at first. People are become more health conscious. Possible millions infected means more deaths but mortality stays at current level. Herd immunity can catch up. Antibodies developed for majority of people. Lifestyle changed and people focus more on essential things. Social distancing and face masking become norm. Everything goes online. Start of Web 3.0. Vaccine developed but with little help, virus just reemerge again just like flu. Governments will become well prepared. Economy start up again, but more deaths will occur. This might be the hardest pill to swallow, if covid19 become just like the common colds.
These are all just opinions and speculation base on personal beliefs.
Stay safe and don't let FUD conquer our lives.
The Corona Dilemma
We saw how the world struggle to end this corona virus pandemic. Without a vaccine or a magical pill that can suppress the virus easily, looks like our best shot would be, to get immune to this virus. Meaning, let our body do its natural fighting capability for the virus. Start opening up the economy and let businesses and workers do their usual thing with proper precautionary measures like frequent hand sanitizing and social distancing. While most countries tries lockdown method, Sweden keep somewhat like the normal everyday life with minimal restrictions. The world can learn so much from this country if it turns out to be successful.
Lifting the quarantine, may scare us all but economy cannot afford to take this any longer. Consumer-driven businesses takes much longer to build because this is more on the habits and attitudes of people, and once people have changed, it takes years to build it up again like the Philippines which GDP is 70% domestic consumption driven.
On medical point of view the ideal is to have a mass testing, a quarantine area for every town/city for all the positives and sufficient medical supplies and manpower but in reality this are just a dream. This ideals can take up years to build. The simple truth is, all are not prepared, and lockdown can only delay what is already imminent.
This war needs cooperation of every individual and the best weapon is also in everyone who can develop antibodies to fight off this virus.
Government is running out of resources, it can only get it when the economy keep running. As long as the restriction continue, people will keep demanding foods and money. It will took the wealth of the rich to give to the people or put businesses under state control. Better to deeply learned the lessons now, prepare and be stronger for the next.
We can mourn now to be better prepare the next time.
🙏
Halving Of Bitcoin Cash... So What?
On Wednesday at block height 630,000 estimated on 12:20 UTC time, Bitcoin Cash will undergo the so- called "halving" which reduced the reward from 12.5 BCH per block to 6.25 BCH of miners. This event will also happen in Bitcoin and BitcoinSV because of their similar algorithm.
What does this mean for us? Well, if your are a miner who maintained and operate this expensive ASIC mining hardware, you really have to care about your profit in this event. Reducing the mining reward, means reduced money. Miners maybe thinking to switch back and forth into Bitcoin Cash, Bitcoin and BitcoinSV, which they can do to a very limited time because halving event will almost occur in the same time at 630,000 block to the three coins, and whichever can bring much profit. So really this hype "halving event" is only for the miners.
What about the users? Like you and me it doesn't matter at all. Mining cryptocurrencies is a way of validating every transactions in the network. Just like what is happening in the ATM card as we swipe it. We really care less about that process. What the users care is if the transactions made are done. If one withdraw BCH from an exchange, what matter most is if that BCH reflect in the user's wallet. The same goes when sending.
So what next after the halving? Will reduce reward means increase in value? I think nothing much will change, except for the reduced reward of miners. This mining process is very crucial to the security of the network. When miners migrate to other coins to seek for better profit, it reduces the credibility of the network because its reduces decentralization leading to a centralize network and will be prone to the so called 51% attack. As for the value of Bitcoin Cash, an increase in value will only come when a much larger adaption will happen. The masses which will adapt this new kind of money will only care less about how transactions processes are done in the backward. As fiat currencies are still very easy and secured to used, cryptocurrencies still have many things to worked on.
:)
My First Impression Of Read.Cash
Well I just landed here today and already this is my third post. I'm not new to writing blog, I'm doing this already for a year now, blogging to different platforms. I started blogging just for fun, and along the way, I learned and honed my writings as time pass. I loved reading, so naturally I also love to write even though English is not my first language, I keep learning and improving.
What I first notice here in read.cash is the straightforward and easy to use platform. Write a good content and you can earn. If you want to support a content creator, you do so. This really a straightforward approached without any complication.
Another thing is blogging here can make you earn some Bitcoin Cash which is currently at #5 in market capitalization, that's really awesome!
I know some pure blockchainbase social platform which is too complicated and hard to use especially those who are use to mainstream platforms. Read.cash is on the middle between of this two.
Looking forward for great things ahead here!
:)
Be Attractive, Win One's Heart
We are all aware in this already, attractive people got the job easily, got more sales, promoted in work, became great speakers, win in politics, and many more.
Many people perceive attractiveness more on physical appearance and characteristic and some on certain traits or personality type. Actually, when you Google it, you'll find these articles, blog and definitions which focus more on physical side.
Being handsome or beautiful is not enough right? Maybe it has some advantage. A man which is not good looking but have a charismatic persona love by people, how is that? There's no best personality type which can assure success and everyone just have a unique traits on its own. We should just be true to ourself right?
Let me say this, to be attractive , you should win other's people heart. How can we do it?
"You should have an interest in other people's game in life"
"Normally if we talk to others which is close to their heart, they feel some connection which in turn, will also show some interest on what we are saying."
Make sense now right? Honestly this really a tricky one. Someone may doing it already unconsciously and some consciously. It can be very powerful and meaningful but also be destructive on your side when done untruthful.
Planning ahead is crucial, and knowing other's interest can be useful enough to your advantage. This principle can be the difference between outstanding salesman and a normal one.
Look on to our politician, are they applying these princple on their speeches? In any beauty contest, appearance is not enough to win, you should win the heart of the judges and the audience.
In jobs interview, a "pleasing" personality can be view more on physical side or attitude but while interview is ongoing and you show a genuine interest to join the company, you have a high chances to be hired. Of course you already show some interest, when you apply, they just making sure if it is really a genuine one.😊
Well, I can't go on anymore. We can be pro- active in life or just wander and watch how other's people succeed in life. You can just treat this as an advise. And remember you can do this principle depends on what morals you believe in. It is up to you.. 😊
I Just Landed Here
Whoooah!... I just landed here.
Hello everyone! .. Hope you all doing great in this time of pandemic and quarantine time. I know, all of you guys want to get back to normal life and usual jobs like before. Yes, I also very eager to get back to work and do the things I always did.
But going back to normal again seems very difficult. The authorities are pushing for "a new norm" that every citizen must comply. Its make sense really that there will be a new norm because people have already change a lot during this quarantine time when a they lost jobs and forced to just stay at home.
What the people should do, is to be vigilant in the things that might lead to surrendering are rights and freedom in exchange of safety issues. What might be wrong is when government craft laws that will make vaccinations, social distancing , wearing mask, mass gathering etc. a compulsory one and doing things against what they say will be punishable by fine and jailtime.
I strongly believe that what Sweden did to this current crisis will become successful. Only time can tell that an approach of no lockdown, no forcing anyone to do social distancing, wearing mask will be effective to fight the virus. In absent of vaccine what Sweden is doing is to let the body's immune system to fight the virus. Virus are already unleashed so the best weapon is to let our own immune system figure out ways to fight the virus. Lockdown does nothing, only delay what is already inevitable.
Lastly, the world must know where does really this virus came from. Some suspect that this virus came from Wuhan Lab, in which they experimented families of coronaviruses. Is this all a planned pandemic? Does some powerful group colluded to make this Plandemic and unleashed fear and chaos to the world? We must all be very vigilant in times like this!
By the way, I'm just a crypto follower, nature lover, entrepreneur, blogger, family man , world observer and a farmer...I'm quantum888
Thanks guys!
:)
@quantum888