Having one's investment strategy works well
Having better understanding of thing is important, which makes Knowlegde a powerful tools to root out ignorance of any form or tools to pave away that could liberate one from being poor. Those in pursuit of Knowledge grow as a matter of fact on a daily basis, which is why it is critical to strive to improve in all aspects of endeavors. Don't be surprised that I'm stressing on Knowledge because the word might be off topic, but quite obvious that it's required.
I don't need to remind us that learning isn't limited to a single field, because we already knew how valuable it is. it cut across every nook and the cranny of all aspect of life. At all times, it is for our own benefit, and this piece will serve to remind us that it plays prominent role in making professionals. The quest for knowledge, effort, commitment and dedication in the process are channelled towards and results to perfection. As such, learning about or having one's investment strategy will not be a waste.
Investing is simply a way of meeting one's end financially. Way of accumulating wealth as well as gaining financial freedom in any form of business or enterprise.
As a crypto enthusiast, owner and trader, be it small or big. Having one's strategy for investing or trading works well in order to minimise risk and maximise profits. You don't need to become an experts to start trading on your own but you be an open book who is ready to learn anything and everything in this aspect. Believe me, you can only depend on your self, because you can never venture in failure, meaning nobody's plans was to fail. That's why to some extent your experience while investing matters alot and shouldn't be shallow, or else there is equal chance of losing. It is either you know it or you leave it.
We all know that trying to achieve great results by using different strategies isn't a bad idea. It's only a matter of finding the right ones that work best for you, if you want to achieve better results, the learning process should be continuous, so that at the long run one can rely solely on his/her ideas that works well.
After I realized that i have to deploy my own strategy, I was exposed to some of the benefits. So, I concluded that it works better than relying on other people's way. Consequently, I asked myself, how do people get results when they're involved in something new or building a plan of actions that works for them? I don't stopped there, instead I further to ask other peoples questions, in different platforms where I was exposed to the experiences of like mind and this motivated me to go out of my comfort and seek more knowledge to fill those gaps that I'm lacking in. I drafted out ways and plan of actions that is solely understandable by me and only me.
As I started putting those plan together as well as acting on them, each and every step was followed by great results. The more I drew on my own strategy, the faster and better it worked for me.
Have you been spending your entire energy relying on someone else idea or you have deploy your own way out? Do you follow trends or you always enter trade due to fear of missing out? you are likely oppressing your ability, you can do better than following "them say" lol.
In short, you need to take over and learn to be a major decision maker of your investment. Its a choice, you can spent all your time doing research, then you spend your time learning trading strategies. At the beginning, you can also use preliminary strategies to make decisions and control risk in your trading account, **know the basic rule of investing!** You don’t need professional trading strategies, focus on improving your own way by building upon it on a daily basis. Note! Use demo account while trying. As times goes on, use the strategy that fits your needs and interests on the market, be disciplined and don't get caught without a good strategy.
Thoughts.
It is important to learn how to use one's
strategy effectively in order to increase the chance of success. Ultimately, the benefits of using one's strategy are abundant. Because, you won't be wasting time on false starts and missteps when you're using your own strategy. You'll make sure that your goals or objectives for any trade are accomplished, and not just in a particular way, but in every way you formulated.
https://read.cash/@Eybyoung/the-basic-rules-of-investing-05ce3cad
**Thanks for your time again, it's very much appreciated.**
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Happy New week
A new week gives us an opportunity to begin anew. We spend time with the people we care about, think about our goals and dreams, and make plans for what to do in the coming days. As the week begins, let remind ourselves how lucky we are. Do we deserve it? And what better representation of that than a fresh start with a new bagel?
Monday is just another day of the week. But what if I tell you that my last monday wasn't so bad but I miss every point of enjoyment there in, I was tempted with what I desired and I quickly go after it. That's how planned series of flexing moment was gone fairly achieved. The very fact that you're reading this might mean that your day today wasn't a little less than average because you still got a chance out of your limited time to visit here and read this rant of mine. Yes, it's a rant! , I don't know when I started ranting about my day because I don't really like to write about myself but now I'm trying to adapt to that. Are you getting it? If you don't, just bear with me, certainly there is always a room for improvement. I will definitely get better at it.
How I planned to spent Last week was all about balancing, but later turnout to be different. I planned to take all the whole week off work and take full advantage of it. I planned to visit some place of interest alone and enjoyed the freedom to the fullest and also planned to spend some time together with my side chicks okay, just kidding! Seriously, I actually planned some healthy routine which includes, hiking and medical checkup because I was a bit sick lately but not almost all I planned was achieved because of one reason or the other. It's will be really nice if I get to do some of it some soon, not this week because, there is no excuse again.
While reviewing last monday activities, it was noted that I will visit some place of interest but I ended up being at home throughout the day busy helping my aunt on her school research work. I think that came with little bit productivity, not to my side though. Fast forward to tuesday.
I wasn't that productive last tuesdays, because I slept late on Monday and I felt little bit gloomy which took best part of Mr that day, I later worked in my in my back office for the rest of the day. Are you curious about what my back office is? I'm pretty sure you are. I have my back office online, my freelancing work. My team is down to two people, so we were just busy updating a client website and talking about how to make it better. In a blink Wednesday and thursdays also arrived these days, I got the chance to visit a physician for checkup, and thank goodness it went well. However, not only that was done since the initial plan faces challenges, I had to invest the time other thing, not to waste the entire week. Friday also went well, in a nutshell, I eventually work in my back office almost all these days and attended my online courses and finished all the assessments.
With affirmation, this week will be good and I doubt anything will went wrong. Alot will be achieved God willing. Today weather has been nice, I hope it stays this way next week all through and beyond. Coming up on tuesday I have an interview and a seminar at the same time with a startup that creates software for various businesses and is located close by. Hopefully, it goes well.
The start of a new week is often a time to reflect on the previous one and anticipate what’s ahead. Regardless of one's goals or challenges, I hope this new week will brings opportunity to overcome our challenges and accomplish our goals.
Thanks for your time again, it's very much appreciated.
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I'm not extremely introvert are you?
introverts are shy and reclusive. We enjoy being by ourselves and thinking more than doing. We avoid risks, like speaking in public and dislike loud noises. We have a need for alone time and don't always have lots of social interactions with people physically, but when you get to know us, you can see that there's a big side to us!
Being an introvert, at some point you might have felt extremely introvert, like you are a person who does not socialize a lot, do not like taking part in group events and do not enjoy large gatherings, that's not last side of you. Me and myself, I'm comfortable in a quiet setting but also like being around people that make me happy and who share a common interest with me.
Being alone doesn't implies that I have a boring life but to some extent, I deserve to stay in peace and happy with myself.
Being alone is not bad; it's a part of life. Sometimes if you are with some people, you wouldn't mind being alone, because they are just with you and being with them will be more boring, makes you more vulnerable to things that you consider unnecessary, therefore it will be more preferable staying alone on your own. If you are always busy or doing something that's related to a specific thing that needs to done then most chances are it makes you feel happy and satisfied.
As an introvert person, whenever, i'm with close person to me, I still get the chance to do many things which I like to in the real world. Like speaking out loud instead of whispering, dancing in front of others and getting noisy when people are around, Furthermore, I am not the real me outside world in virtual world. I can do much things than real me outside world, speak the way I like and enjoy the company of virtual friends. and this is why I'm trapped in this world, I discovered alot of things on my own and I must confess, I can do alot of things with help of digital word.
Never thought that I can give writing blog a chance, Although, back in those days I love to write but then the passion to write was quite minimal and procrastinating a write-up was my top-notch habit. Now, the story is different and what could hinder me from writing is time and busy schedule.
Do you think I'm going out of the context right? The answer is still a big no because, being alone and idle is very bad but if you have something doing that soothes your ego, desire and as well makes you happy you wouldn't mind doing it again and again. The joy part of it is when you are doing it with people that has the same interest with you, the zeal will be doubled, this is where I'm driving at, being alone and discovering what brings joy while you are alone and not tired of doing it.
You may think you're just a boring, aloof loner, but have you realized that you have passion for people that make peace with you and also makes you happy. Initially, I thought I was an exceptionally introverted person until I realized that I'm actually an extrovert whenever I'm with the people who make me feel at home and also make me happy.
Thanks for your time again, it's very much appreciated.
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This or that: What is your ideal blockchain?
It's been a while that I have been away, i will like to appreciate everyone that keep following me, as well supporting me despite my absence. Without much ado, let me state the muse of this write-up today. firstly it was an event on torum. secondly, I couldn't remember the last time I participated in any writing prompt here. Therefore, I'm making this a challenged and I will appreciate everyone's participation.
**The theme will be like This; '' what is your ideal blockchain? '' you can title your article in whatever way you like.**
This is just for fun, and besides it will gives us a chance to read your sentiment and at the same time have an overview of what ideal blockchain is, from your own point of view using the item provided as a head-up.
**ITEMS OF THE CHALLENGE**
What is your ideal blockchain? Choose What you preferred in each items and tell us why you chose them over the other one.
1, Bitcoin or Ethereum ?
2, Speed or SECURITY?
3, Centralized or Decentralized?
4, Doxxed creators or Anonymous? creators?
5, prove of work (POW) or prove of stake (POS)
If you have any other thing, you can add, hence you aren't limited to those item above.
**BITCOIN OR ETHEREUM ?**
Bitcoin is well established and has a strong community, but it’s not perfect. Ethereum offers more flexibility and customizability, which I value over bitcoin’s centralization.
**SPEED OR SECURITY ?**
I'm going for both, so I want my ideal blockchain to be secure, and fast, in a way that doesn't interfere with any other systems. I believe security should come first, but I also want to make sure that speed isn't sacrificed in the process.
**CENTRALISED OR DECENTRALIZED?**
Centralized networks lack accountability and transparency, whereas decentralized systems are more flexible, transparent and fair. So I prefer a decentralized network over a centralized one. I believe that in terms of security, decentralization is always better, because it provides validation and security on group consensus which I think is be key in blockchain technology.
**DOXXED CREATOR OR ANONYMOUS CREATOR?**
I prefer doxxed creators over anonymous creators. It makes me feel more comfortable having a clearer idea of who is actually behind this project. Therefore, I'd rather support a creator who is willing to speak publicly about their project than the one who is anonymous. To me, doxxed creators are more transparent, open to public scrutiny, and allows people to dig into their history, even if it's messy, while anonymous creators is less likely to reveal any information that would be considered personal information. If someone is anonymous and hasn't been held accountable for their actions, i'm less likely to give them my money and my time.
**POS (prove of stake) OR POW (prove of work)**
I think that POW is better in terms of security than POS because POW makes it easy to secure network into a blockchain. The fact that you can increase the number of nodes on the network means that the attack surface of said node will be more limited, therefore less likely to be exploited for malicious purposes. From my point of view, the system goes against the rule of decentralisation because of power of stakeholders in the network. Let say for instance an attacker own 51% of the stake with the complete network of validators, an attacker who owns 51% of the entire stake(as many as the total number of stakeholders) can create fake blocks and propagate them on the blockchain.
To this end, if you ask me how did I want my ideal blockchain to be, then my answer will be this way. My ideal blockchain would be one that is easy to use and reduce any financial risks, as well as one that has more privacy. It should also be anonymous and secured and will provide the most useful cryptocurrency and useful technology. I want to use the product of this blockchain like cash. I want to store some of the products in my bank account as currency, but use it primarily as a store of value, this way I can control the rate of inflation while still having electronic payment options available through my debit card so that I don't have to worry about losing my ability to pay for online purchases.
And I also feel like it should be the most fair and decentralized currency to use. It's
efficient, which means if we all have the same amount each time, we can avoid going into debt for purchases and be able to buy what we need in a timely manner, lol.
Though, what is written above might be little bit different from the general or conventional outlook but this is the way I want it.
***Thanks for your time again, it's very much appreciated.***
Not everyone notice my write-up, here I will be tagging some friends, please do tag me on your post too. @jane @Eybyoung @Idksamad7869 @bmjc98 @HappyBoy @ Tomi-ajax @BlueFlipper @esmeesmith @tired_momma @Ruffa @Captainkay @LykeLyca @Lixten , I will stop here. Do tag your friend too. Thank you!
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Fear
Fear can seem overpowering, but if you learn to understand and manage it, it’s a great tool for achieving your goals. Most people have certain fear which guide their life positivity and in other way around, what fear do you have, does it affect you positively or negatively? Please, let me hear in the comment section.
**What is fear?**
Fear may be a negative emotion causing apprehension, dread, and a sense of danger. Fear can be physical or mental. The physical side is unpleasant feelings in the body and happens when something new or unknown takes place. The mental side is related to thoughts about things (such as death, pain, and disappointment) that have happened in the past or might happen in the future. A specific behavior pattern for controlling fear is called a phobia.
On the other hand, It can be a powerful emotion that prompts us to avoid new experiences and situations. Fear also encourages us to act impulsively. When choosing what to do in the face of fear, there are three things we need to consider: how it affects our remote future; how it affects our near future, and what it does to our present sense of safety.
Fear could makes you want to run, hide, hit something or someone, scream this leads to other messy emotions and sometimes physical trauma.
**It can can be positive or negative.**
On the positive side, it can be a valuable ally. A tool one need and can be use to keep control of your life. Because, it helps us recognize what's important, what's going on, how to react and also keeps us safe by helping us avoid danger.
**On the negative side, let take FOMO (fear of missing out) for example.**
Fear of missing out is one of the most powerful human emotions. It can cause one to make bad investment decisions, resulting to investing one's money poorly, and overspend more than what you need to spend. It can also drive you to miss out on opportunities that could raise your income or save your life.
Consequently, fear is a choice. The choice of being afraid, or choosing to act with curiosity and want to understand the world around us.
Fear can be chosen over excitement, and when it is, sadness often follows. It is a feeling of aversion and revulsion, but more than this it is also a state of mind. When we choose to be afraid, it suggests that we are choosing to be ruled by emotions rather than our rational minds. It causes one to lose sight of life's possibilities. Instead of losing our sense of self, we must learn to embrace life in all its forms.
Ultimately, Fear itself is not a problem. The solution lies in embracing life and all its possibility. We all experience fear in our lives at one time or another. But when we choose to embrace this human emotion and discover how the world can live through us, instead of living in fear, then we can truly be bravely ourselves.
Fear can be an overwhelming force, but it does not have to dictate our life or those around us. When we choose fear and violence over kindness, compassion and love, this world becomes a worse place for everyone.
Thanks for your time again, it's very much appreciated.
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Kid active imagination must be cherish
Hello, read cashers, it been a while, how Is everyone doing? For the past few days, I have been a read detective here lol, going through some published articles at my leisure time. I have been away for the past fews months, and I'm not contented being inactive for long but the circumstances doesn't permit me write long articles till this very moment. Nevertheless, I will still secure time so as to leverage my consistency here and there.
Today's article was inspired by @tired_momma @Bisolammy @Eybyoung and others, because I read several articles about kids for the past few days of being lazy a reader on here.
**BACK TO THE TOPIC**
Kid are always optimistic, they see possibilities in spite of their circumstances. They are innocent and never faced with reality. Everything is like a fairy tale in the movie for them, Everything is like the playground where they can let their imagination fly, where they can meet new friends, enjoy a magical tale and become a hero.
They are looking for the perfect world that they have imagined and thus reality never faced them.
If you ever ask a kid, what did you want to become when you grown up? it is certain that he/she will respond with higher level of positivity selecting a better occupation or better lifestyle and they will be imagining and living in that dream of theirs.
Someone who have watched children play will be able to relate in this. sometimes, they act, played as well pickup a role, just like they have imagined it, just like a reality show.
They alway believe that when they grown up, everything they couldn't do when they were young will be easier.
So you will not be surprised hearing them arguing among others, saying when i grow up and bought a car, I will not allow you in and the other party says, dont worry when I bought my aeroplane, I will not carry you too. Believe me, if the other wasn't satisfied, he will buy his own ship too and that's how the argument will continues until nothing bigger to mention again. Afterwards, they will reach concensus and both of them will agree to give each other a ride lol.
Just like what they seen in the movie, their brain has pictures the future thinking that its as easy as how they see it, their imagination is to become somebody important. They will demonstrate their interest as well as passion for something and this gives them that drive and motivation that they need in order to pursue their dreams.
I will resolve to the saying that kids are just a dreamer needing to be shaped and encouraged towards achieving those dream, because they sees the world in their own way, and they believes what they sees. They dreams big, and are not ready to accept reality.
They seems to be rather simple and naive, but they has an active imagination and unique outlook on things.
Finally, everyone is filled with dreams and aspirations about their future. But kids level of aspirations, which of course defines and guides their behavior should be embraced and incoparated to their life-style, so it can guide their attitude to understand the reality facing them, because at this early age they are clear that they want to fly high in life and achieve great goals and become successful in different aspects dreamt of endeavour, yet do not have a clear understanding of what reality is.
Thanks for your time again, it's very much appreciated.
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Tommorow will only get better, if you dont give up
Today I bring to you a motivational-driven article. This particular article is for me and for you! It's time to stop dreaming and start working towards our goals.
Tomorrow will be great. It's up to me to make it happen. Greatness is a choice, not a privilege, all i need is the strength and determination to keep me pushing forward, and when the going gets tough, i must shut out distractions and focus on achieving the results i want most in life.
We should remind ourselves that tomorrow will be great. The more we think positively, the more confident attitude we possess can lead to a greater outcome in any endeavor.
Did you believe that tomorrow will be great? If you don't then it's time to change your negative thinking into positive one. Endurance is more than a word, It's an attitude that allows us to keep going when everything around us tells us we should give up.
Wherever life takes you and whatever challenges you face, you can use your passion to create the next big thing. A passion for cycling, for example. Whatever makes you feel alive will propel your future forward for others to benefit from. If a specific thing or skill doesn't exist but could help people, then make it happen!
One of the most important things you can do is to never give up. Whether it's a rainy day, trying to learn something new, or an injury doesn't stop you from accomplishing your goals, no matter what life throws at you. You'll get there as long as your passion sees you through it.
Let's imagine tomorrow exists. That is, we live to experience what's going to happen next year, five years from now, and beyond how will it be like?
Tomorrow is the future, but it doesn't exist yet. To experience tomorrow means that you'll traverse and often disrupt the present to get there.
Today is a learning space to start building a better future for ourselves tommorow, our families and neighbors, our communities, our world. The more we invest in understanding tomorrow, the more we'll know how to act in its service today.
Tommorow is about to arrive, very near and dear. Whatever we do today will surely propel it either in a positive or negative way.
Do you know what they say? "The future belongs to those who prepare for it"
What will you do to prepare for the tomorrow that's fast approaching? Where do you belong?
We are at a crucial moment in history as we have a choice between fear, love, determination and so on, each of which can take us on vastly different paths.
Choose wisely because if we do not get it right, the future cannot be changed very much like unstoppable forces and immovable objects, so if we choose a path today, tomorrow becomes impossible to change.
When fear is chosen, violence seems like the only solution when kindness and compassion gives us an opportunity to embrace life and all its possibilities.
To me, today is tommorow!
To me, living one day to the next, it's ahead and will only get better!
What can we do to make a difference?
Let's Start Today, Our tomorrow is being built by the efforts we put forth today.
Imagine yourself standing on the edge of a tall cliff overlooking a beautiful lake. You know that you cannot fly and it is impossible to jump across the lake and survive. But what if the ground under your feet opened up and you fell deep into the earth instead? Your destination would be a dramatic change but your journey would be much less painful than jumping into the lake. This is how I feel every time I working to achieve a goal.
Thank you for reading!!
You can also find me on **Readcash**, Noisecash, Torum and on Twitter https://read.cash/@youngdim12 https://noise.cash/u/Youngdim1 https://www.torum.com/u/youngdim1 https://mobile.twitter.com/youngdim12
Introducing Torum Social Metaverse
Torum is a fully decentralized, self-sustaining social media platform that gives user the freedom to create and manage their own content. From photos, videos, and blogs to stories, articles and forums, it offers the next generation of social media with rewards for the users' time spent on the platform. Torum is establish in 2020 for cryptocurrency enthusiast, community and companies.
Torum's mission is to establish a platform that is entirely self-managed by its users through consensus voting and vision is to become the largest one-stop cryptocurrency based social media for crypto enthusiast.
It is home to an open community of creators, which includes Crypto based project, NFT creators, content creators and users; all of which get rewarded for their participation. The Torum social verse metaverse is built on distributed ledger technology, which ensures that no one's data or content can be tampered with, that it is completely secure and private, and that content ownership is guaranteed due to its decentralized nature, which means that there is no single authority controlling what and how you interact on the platform.
The benefits of using the Torum social verse metaverse are it's decentralized nature, security, privacy, data ownership and independence from other platforms.
You can share your knowledge and learn from others. Torum is a community-driven social platform that lets you create content, connect with other members and make money!
Torum is about sharing in an open ecosystem where everyone can participate equally also, connects companies to users and users to companies in order to achieve their crypto focused aim and goal by interacting in the social media platform and while exploring the integrated product of torum (NFT, Decentralized finance, Avatar NFT game and aggregated industry data).
This social metaverse can be accessed via your favorite browser just by creating an account. Once you get started, you will be able to see the thoughts of other users around the world, create and edit cryptocurrency content.
**Torums' Native cryptocurrency (XTM)**
XTM is the native cryptocurrency of torum social verse. XTM is an open source digital currency based on the Ethereum Blockchain and focused on serving as a method to transfer value between participants in the torum ecosystem. XTM has both a transactional currency function, as well as an asset holding function due to it being used as a point accumulation system for real-world rewards that can be redeemed at participating locations. It is designed to be used as a medium of exchange between companies, users, and partners within the torum network.
In the near future, there is possibilities of cross chain exchange or swap to Binance smartchain and Huobi chain.
**TORUM's REWARD SYSTEM (MISSION)**
Torum established a reward scheme based on missions and rewards all users who complete the missions with its native token XTM. The platform provides daily, weekly, one-time and special missions in which users are awarded for completing various tasks.
**Daily**
Daily mission comes with to three task which includes liking of 5 post or thread, making a creative post using text or images and daily login.
The order of reward is; 0.125, 0.5625, 0.125 XTM respectively.
Weekly
Weekly mission has two task which includes maintaining 7 days login without sparing a days for a week and acquiring 50 followers with your creative content.
The order of reward is; 5 and 2.125 respectively.
One-time
One time mission comprise of three task which includes, accumulation of shard, accumulation of followers by creating quality content and following users or companies. one-time mission doe not have expiration time or date, reward remains there until you accomplish the mission, also there is possibilities of getting higher task once the preceded task has been accomplish.
The order of rewards varies as the task increase, for 100 shards, 5000 followers and 100 following, the reward is 2.75, 13.25 and 5XTM respectively.
Special
Special mission only has one task which referral, all you need to do is to refer your friend to torum and when he/she power up, both of you will receive 7.5 XTM from the power up reward mission.
Power up mission is to validate the authenticity of every new users, therefore the power up must be accomplished in other to be counted as a genuine user as well be able claim all the Mission as it was structured.
**In conclusion**, Torum is a cutting edge social media platform that caters to the needs of the crypto user,community and companies. The use of inovativative blockchain technology, reward system, community event and engament in this social network allows torum to provide an improved experience while giving users full control over their content. Using the power of modern blockchain technology and other tools provided by this website, everyone can now be a part of a community that works towards establishing a new way to communicate.
The aim of this write-up is to give a brief insigt of what torum is, if you need more indept insight and step by step guide to torum social verse, Feel free to read @CryptoSortedBlog article on his personal blog for full details. https://cryptosorted.info/torum-xtm-review/
You can register through my invite link to become my mentee. https://www.torum.com/?referral_code=youngdim1
Thank you for reading.
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A brief dive into what distinguish a token from a coin
Hello Friends. Thank you for reading my write-up again. I haven't posted in a while since I've been busy, and I believe that being one-sided is beneficial to me this days in order to retain my focus and achieve my major goals. Even if it has been difficult thus far, but everything has been worthwhile.
The crypto market has remained bleeding over the past few days, with no signs of recovery and the trendy phrase remained "Crypto Crash." Unfortunately, I just keep up with my busy schedule, devoting little time or effort to my crypto portfolio; the story is simply terrible, sad, sad.
To avoid heartbreak, I've decided to ignore my portfolio. Let us wait for good news.
I'm still considering several possibilities to jump into in the meantime, but I think it's fairly reasonable for a trusted, well-known, and sustainable initiative. The first option is to keep holding, while acquiring NFT is also an option, but I haven't made the decision on any of the others, because this has become a survival game and if have been affected try to control your temperament and emotion, don't be drive by emotion and follow your concious mind wisely.
**Back to the today's topic.**
I have more topic to write about, even my loss in this beer market is enough. well, I'm refraining myself from writing about that, although I have written something related before but, I don't want to continue writing about it.
Today's post will briefly describe what a token and a coin are and how they vary. The topic was inspired by an argument that I chance to read on torum.
The concerned individual lacked sufficient knowledge of what a token is and where the transaction fee goes, he didn't know that Torum's XTM is a ERC-20 token which require ethereum for transaction fee, resulting in a heated argument between him and one of the torum's team; he claims that the withdrawal fee was pegged to Ethereum for their own gain and compares the process to the saying `"monkey dey work, bamboo dey chop."` Story for another day. The torum guy tried to explain everything to him in detail, but despite his efforts, he insisted on knowing the process better than him.
I had a similar scenario a few years ago since my grasp of cryptocurrency was so limited that I couldn't tell the difference between a token and a coin. Actually, I'm not sure if every token uses the primary coin of a specific network as a transaction fee. This happened to me when I tried to swap CAKE token to BUSD on uniswap; despite owning many tokens on bep20 (binance smartchain) and signing several contracts on Binance smartchain and Ethereum, I couldn't tell the difference between a coin and a token. In a nutshell, I became stuck and had to contacted support; as a result, I therefore have firsthand and clearer understanding about it.
What distinguishes token from a Crypto coins?
Depending on whether it is a native of its own Blockchain or not, cryptocurrency can be a token or a coin. As an example, SmartBCH has its own Blockchain, and the native cryptocurrency of this Blockchain is known as Bitcoincash, making it a crypto coin, however in the case of tokens, it does not have its own blockchain and instead uses another cryptocurrency's blockchain, thus it is considered a token.
Tokens, like cryptocoins, may often be transferred, exchanged, purchased, and sold, and they are stored in blockchain wallets. Tokens are digital assets that can be used as currency, but they also fulfill other functions because smart contracts are possible. The additional use case include; Governance, Defi, Reward, and Non Fungible Token (NFT) respectively.
Governance tokens are decentralized in the sense that every token holder has the right to make a (Voting right) decision that determines the future of that project based on the number of token held; the more tokens held, the more voting power.
In a Defi system, each platform has its own official token that serves as its money, and this token is used to incentivize investors in the form of a reward or loan.
As previously stated, the Defi platform utilizes a reward token. DeFi platforms rely on investors who lend their own cryptocurrency funds. As an incentive, investors earn cryptocurrency payouts. These rewards are generally distributed in the form of crypto tokens..
Non Fungible Tokens (NFT) represent a digital asset signatory. These assets are kept in the form of cryptocurrency tokens.
All additional usecase stated above are limited to tokens only, which distinguishes them from crypto currencies.
What are transaction fee?
A transaction fee is paid when a particular amount of cryptocurrency is transferred from one wallet to another, according to Alexandria. https://coinmarketcap.com/alexandria/glossary/transaction-fee
Our everyday banking transactions follow that same technique and implied the formal definition; hence, it is ideal to pay a transaction charge for each transaction.
This charge is split between miners and those who are paid to verify transactions.
`In conclusion`, crypto-coin work on a Blockchain while tokens work on smart contract and has more usecase than just a being digital money.
Crypto-coins operate on a Blockchain, whereas tokens operate on smart contracts and have more functionality than just digital money.
Cryptocurrency transactions are levied to pay the miner and those who verify each transaction.
Lead image source from my torum post https://www.torum.com/post/627b8a3cdfbd4d001429d73d
You can also find me on **Readcash**, Noisecash, Torum and on Twitter https://read.cash/@youngdim12 https://noise.cash/u/Youngdim1 https://www.torum.com/u/youngdim1 https://mobile.twitter.com/youngdim12
Result of my uncalculated risk due to FOMO
Risk taking already has a significant adverse association with cryptocurrency development, which is why some people will not dare to take the risk, but Is there anything that isn't risky? Even when you sleep, you have a 50/50 chance of waking up on time. As a result, we merely had to decide how much risk is worth taking.
I maintained that smartbch worth the risk, so I thought it was a worthwhile investment; however, some people seek to destroy the credibility of the side chain by creating a scamming scheme or token through it; some have succeeded, while others have failed. We've heard a lot of promises, but just a handful keep their word and deliver, even if they don't live up to our expectations.
SmartBCH is sweet and when you hit it big, it will be even more sweeter. Smartbch opened alot of money making opportunities that one can benefit from, either passively or actively, unless you don't invest in a legitimate project with strong community foundation and a good use case.
Following on from the preceding statement, I invested in few smartbch token that is now worthless in my wallet, because I bought them as a result of FOMO (Fear of missing out). And due to a tight schedule, my investment in Smartbch was silent for months. For weeks, I didn't even check my metamask to atleast have a glance of the market or check my existing investment, though I later did. When I had the opportunity to return to the Market, I instantly chose a token based on their performance coupled with what I had read without conducting any additional research.
This results in a bitter regret that I had to hold to my self, but now I have the courage to spit out. moreover, the did has been done and the spit bean cannot be recovered, then I move on, had it been I wasn't too preoccupied to check the progress I would have recovered some of my money before they all got rugged.
Here is how it happened.
Initially, when I had the opportunity to check the market, I browsed through dex-screener to see if there will be any well-performing tokens, and I discovered a (BMCD) token with a massive uptrend, so I jumped into it immediately without any research, I bought about 50-100$ within an hour liquidity was withdrawn, so I can't do anything with it, I'm just watching the number in my wallet to date..
The second token I bought was Smartdoge; I don't recall the dollar amount, but I can still read the numbers in my wallet. When they launched smart dex, I acquired the token. During this time, the token was mooning, and I forgot about it because I'm a loyal holder lol. The next time I check it, it's worth 10 or 15 dollars, if I remember correctly. I was surprised and frustrated to see this. As a result, I decided to keep waiting to see if the price would rise again, but guess what? Now the token is worth 0 point something dollar, which is absurd.
I got burned after I bought the third token, lol (incinerate fire). Actually, I purchased the token after hearing that there would be an airdrop if you held out until the launching of the emberswap native token. I also swapped 100$ SBCH to fire and left it there; in a nutshell, there was a significant decline; I can't even remember how much I swapped back, but it's a pathetic amount as well.
I also bought pumpparrot and cryptogesic, and I was able to recover my investment before they dropped. I don't have their screenshot including fire because I don't have them in my wallet anymore.
Finally, I'll note that this is the worst loss I've ever incurred in the cryptoverse as a result of my incoherent decision, and I'm sharing it with you now that I've learned my lesson. I thought risk-taking to be a must-do; but, you must learn from my worst experience while taking your own risk; not all risks are worthwhile. However, if you must take a risk, make it a calculated one.
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Never Give Up; Your effort might be accumulating and not yet visible
There is a saying that a loser constantly makes excuses while a winner succeeds, and this is true because winners can be identified virtually by their unending perseverance ability, endurance, and Never ever give up attitude, whereas losers are easily identified by their repetitive excuses once a minor setback or hindrance surfaces in their affairs.
To succeed in this life, we do not need a weak mind or a lazy idea; rather, we must straighten up our mind as a goal getter and be prepared to confront any hurdles or trials that may arise along the way. it's not so easy to overcome some element of distraction that one cannot control, but when these sort of challenges occur along the way, one need to maneuver their way and make a game out of it.
In life, challenges are pretty much inevitable, no matter how minor, whether you are looking for a job or trying to get a position in an office, or aspiring to get admitted into a college/university, or possibly, saving to build a house/buy a car, or most importantly, when you desire a husband or a wife, or striving to build a happy family or living a good life, and so on. When you face adversity, all you have to do is strengthen your determination and tell yourself, "I will never give up until it gets better."
At that point, you will feel some energy which could drives you forward, and if you keep going, you have defeated negative energies that can undermines your resolve.
If you try to give up your goal, you will always have no excuse, unless it is one of your flaws. Your efforts may be accumulating but are not yet visible.
I heard a story about a farmer who planted a pawpaw tree for around two years but it did not sprout throughout that time. This farmer marked the location where he planted the pawpaw seeds and continued to irrigate it for many years. He keeps watering even though the pawpaw tree hasn't sprouted a leaf, and he hasn't ever considered that his efforts are a waste of time.
The second year occurred, and the farmer woke up on a faithful morning only to wet the site as usual, so he discovered that the pawpaw tree started sprouting, he was very glad to see the leaf coming out, then went ahead to water it, and the tree grew and started yielding fruit within three weeks.
In a nutshell, it is not the watering he conducts after the plant has begun to grow that causes it to grow faster and bear fruit, but rather what he has done over the years. If he had stopped pouring water, the plant would not have grown as vigorously and might have died eventually.
I was astounded to hear that story, but I'm still wondering if I can practice it the way it was narrated. I doubt it, and in my mind, I resolved that it is a matter of patience, as well as strong hope and commitment. Your efforts may not be visible right away, but they do count.
Afterwards, whenever I start pursuing something new, Initially i will never consider what it would yield. Although the end result may be the primary motive for my pursuit, I will instead strive to improve. As a result, the end result will be worth the effort; perhaps what is worth doing is worth doing better.
To this end,i can categoritically concludes that what matters most is making right decision, have better knowledge about what you desire, hope high, spice it with a little patient and be determined.
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You can also find me on **Readcash**, Noisecash, Torum and on Twitter https://read.cash/@youngdim12 https://noise.cash/u/Youngdim1 https://www.torum.com/u/youngdim1 https://mobile.twitter.com/youngdim12
Genuinely good is a rare commodity.
In my opinion, there are good individuals everywhere, but they are quite rare. Being good necessitates effort since action speaks louder than words, and standing out from the throng of people necessitates some effort.
Every individual decides what he or she wants, and few people choose to forego convenience in order to obtain what they desire. As a result, they develop greediness, selfishness, disloyalty, and lawlessness rather than cultivating good acts that are acceptable in society.
This post started from a disagreement between myself and two of my friends. The argument began with a movie we saw, and the movie did not teach us anything good because every scene in the movie was about how to compromise anything in order to fit in, which resulted in killing, selfishness, lawlessness, haughtiness, and so on, yielding the point that "the people you consider a role model might be the worst person on earth."
According to one of my friends, He insisted that, it is all a fantasy and nothing in the movie happened in real life. I was astonished to hear that from him, but I still believe he may have had another reason for saying it. "People have different points of view about everything," he said, adding that he has heard from various people that good people are hard to find these days and that those beliefs are so superficial. People are good when they do everything that is deemed good and everything that is conventionally considered a positive thing and is not very uncommon.
Well, I didn't deny that being good entails doing what is considered good, but this has been compromised, making it more difficult to reach actual authenticity. My first question for him was, "Who are the good people?" Is it the police, the clergy, or the pastors? These people should be considered the image of the society because police serve to maintain law and order in the society while clerics preach peace, goodness to name a few and also possess qualities worthy of emulation, but nowadays these parties have also engaged in corruption, making them no different.
Furthermore, what is considered good varies from person to person, location to location, people's perspectives, and definition, and I can say that for one to be considered a good person, he/she must possess some qualities such as trustworthiness, genuineness, fearlessness by love, kind, hospitable, sincere, generous, straightforward, humble, industrious, and so on.
Those with genuine kindness have the highest qualities we can strive for; they go above and beyond moral obligation, doing what is right even when no one is looking. This distinct sensitivity is what identifies and separates these individuals. There are other situations when compassion and friendliness combine to make a person incredible.
To this end, I can categorically state that being genuinely good is a rare commodity.
Does genuine sincererity rare? who do you consider to be good people? Please share your thoughts in the comment section below.
Thank you for Reading!
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