Quote from: Istiak on April 12, 2022, 01:05:11 PM

If you new then start with small. Invest small amount of money then track the progress your investment. Make some strategy about your action with different circumstance. Its better to have some plan than no plan. Observe the market careful to understand how it move. Don't listen to others rely on your judgement about the market.

You should always have a plan. I think even if you invest in cryptocurrencies just for fun, you should have strategies for different scenarios. The value of cryptocurrencies can fluctuate a lot and not every moment is good for buying and selling.

If one should not listen to others at all, I don't know. But one should distinguish between facts and opinions. You can listen to opinions. But I would make my own decisions based on facts.

Yes that’s what I think as well. It’s good to hear different meanings and opinions as long as one is aware that they are exactly this: subjective meanings, not secure information.

Quote from: coffeehead on April 14, 2022, 03:21:26 PM

That’s a good point… I like the idea of seeing how it works and getting a closer look into the community before investing. My only problem (as always ) is time… can you guess how long this puzzle solving takes? Approximately?

Validations currently take place every three weeks. I have never looked at the clock exactly how long a session lasts, but I would say about half an hour. You have to take your time, but it really doesn't take long. You can also invest without participating in the validations. Only if you want to mine, you have to be part of the community.

Quote from: coffeehead on May 13, 2022, 05:38:22 PM

But I tried out the proof of personhood validation with Idena that was mentioned here (just to get to know this thing a little closer). It was quite fun actually I just wonder @mustela do I have to get an invitation code the next time as well? (thx)

So, how long did it take for you? You only need the invitation code the first time. But you have to complete four validation sessions in a row, only then can you miss a validation.

Quote from: coffeehead on May 13, 2022, 05:38:22 PM

So I had some time to try out and make some investing plans…. At the moment the whole market is going down, so I decided to wait a bit on investing.
Or would you suggest that exactly know could be a good time to invest (hoping it will go up soon again…)?

You should really make your own decision. I personally believe that the world is changing a lot at the moment and that has an impact on the crypto market as well. However, I don't think that all cryptocurrencies will crash. Some will, some won't. And there will probably be opportunities for previously undervalued cryptocurrencies. If you want to add to and expand your portfolio, now may not be a bad time to buy.

The idena validation only took me about 15 to 20 minutes , so that’s actually fine for me. Ok cool thanks for that information! I know that I now have to do it three times in a row, but it already caught my attention, I want to be a human So I will go on with this and try out some mining as well, I’ll see how it works and then invest (so far that’s the plan I made).
And yes apart from this I finally decided what coins to invest in. It’s going to be an exciting experience . Thanks a lot for all your help in here!

Hey,
Thanks again for the advice! I have of course also done some research on my own, but I like to get some different meanings, suggestions etc. – I for sure know, that in the end the decision is on me where I will invest and I won’t ever make anyone responsible for anything they advised online I was just curios.

So I had some time to try out and make some investing plans…. At the moment the whole market is going down, so I decided to wait a bit on investing.
Or would you suggest that exactly know could be a good time to invest (hoping it will go up soon again…)?

But I tried out the proof of personhood validation with Idena that was mentioned here (just to get to know this thing a little closer). It was quite fun actually I just wonder @mustela do I have to get an invitation code the next time as well? (thx)

These are picture puzzles. Here, several pictures have to be put in an order that results in a story that is logical for humans. How these puzzles work can be tested in a kind of demo version before the regular validations. Sounds more difficult than it really is.

I think this definitely depends on the amount of the basic income. In this proof of personhood method, all participants have the same opportunity to contribute to the functioning and accordingly receive an equal number of rewards. So, the profits from regular mining are divided equally among the participants and everyone receives a reward on a regular basis. I do think that this can work.
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Oh ok I see. As it is a proof-of-personhood concept this is to verify you are no machine – can’t a robot already read the content of pictures?
Do you also have to solve these puzzles to invest/to buy coins of this cryptocurrency? And the other way round: Am I right, that you can simply be part of this and have a look how it works without really investing and money at first?

I think the truth lies somewhere in between. I believe that diversification is very important, whether you are looking to hold for long-term profits, trade, or speculate on very new cryptocurrencies. So even if you are interested in newer, more risky cryptos, it is worth having some top 10 cryptos in your portfolio so that your overall risks are lower.

Yes that’s a thing that I have now taken with me within this discussion it is clearly in my mind, that I will split my investments.

Quote from: coffeehead on March 14, 2022, 10:01:41 AM

That’s an interesting point, the following question may sound stupid but: how can I find out if there is a bigger company investing into those projects?

There are many companies around the world that have invested in the past and continue to do so, as well as new ones. To find a list you just have to search on Google for example, since that list is very extensive. There are not only large companies, there are also small ones but leaders in various sectors. Among the best known is MicroStrategy (in addition to other very famous companies), Michael J. Saylor has one of the clearest and most precise visions and ways of reasoning about crypto from my personal point of view.

Thanks for that then I will do my researches on this as well

Hey all!
Wow thanks a lot for all the input – I needed some time to work through this
I’m aware of the risk and I love research, I just didn’t know where to start, because there are so many different coins, so thanks for the recommendations, tips and thoughts. I’ve came across most of you recommendations. After thinking it over and reading all this I will maybe split and go with some old and established/well-known and less risky coins, but also try out some new ones (as I am curious).  – so thanks for the suggestions for dividing I will consider this 😉
Most of you recommend trending coins – is this still a good point in time to invest into trending stuff or is it already too late because it is already quite big – have I maybe missed the best time to start with them?

For me, however, it is now also important that the cryptocurrencies I invest in are not climate-damaging. Some major currencies are just switching to "proof of stake" to become more sustainable. The problem seems to be that these currencies are more susceptible to manipulation due to the elimination of numerous computers. I find "proof of personhood" promising. Let's see if and how this method will establish itself!

I came across proof of stake but haven’t hear or read about proof of personhood could you maybe explain it a little closer? To be honest I do a lot to save our environment – I already felt a bit guilty to invest into cryptocurrencies when most of them do the contrary thing…

If what you want is to learn and earn money, I recommend that you avoid meme coins and learn to know which projects can be successful, it is not easy, but with prior knowledge you will have things clearer.

Thanks @freemind: I already try to read a lot, so yes my goals are learning, a little experimenting and hopefully also earning money I’d say 😊

My personal recommendation is the charity coins because every investment counts and it is helping the people in need as well. So I believe in humanity  lets do some investment in it as well.

Some Good charity coins I personally invested in are:
Safemoon
BitkidsCoins.

Check them out

Note: Please do your own research as well before investing.

Oh that sounds interesting as well thanks for that.

I wish that someday in the future every human being treats everyone else like they want to be treated too. Like we shouldn’t have so many prejudices and we shouldn’t act in stereotypes. It is one thing to have a certain culture and to keep those stories and rituals alive – that is a good thing to do so, but it is negative to treat people without knowing them just because they belong to a different culture. I sometimes catch myself acting more careful around some people from certain cultures than I would do so with other cultures, but I always try to give everyone the same chance to show me how they really are. In my little bubble of people nearly everyone acts like this, I hardly ever see someone being discriminated just because of their race (in my circle of friends and family). And I truly hope that this is the direction we are all facing in future.

Interesting thing to relate this philosophical question to the roots of poverty… I guess somehow you are right. If someone doesn’t know who he/she truly is, one can’t create lifegoals and without any goals one won’t work hard for anything. But I guess it is more the lack of passion, the lack of knowledge, the lack of ambition and maybe also the lack of support that leads one into poverty. I think it is always helpful if one knows what he/she wants and who he/she is, but it isn’t necessary to always stick to this. Life is a path full of ups and downs, turns and obstacles. I have changed the view on who I am several times in the last years (it’s been a time full of fast changes in my young life), but I always followed an idea and a dream in my heart – and I think that’s what I all comes down to in the end. I see myself as the sum of my experiences in the past and the things a thrive to achieve in the future. As long as I try my best to reach my goals and be able to get support when I am in trouble, I wont end up on the streets I guess – might be only my simple-hearted opinion.

Hi there,
I am Denny from Austria. I am still a student (I study sportscommunication and econmics) my hobbies are all kinds of mountainsports and photography. I am still quite new to crypto but learned a few things at my university. I am already looking forward to getting deeper into this field