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Messages - Cherrysix

Pages: 1 2 3 [4]
46
Sorting Box / Re: Investment in Crypto
« on: April 05, 2023, 06:33:49 PM »
I'm no cryptocurrency expert, but I think you should think hard about how much you'd like to invest in it. It should be money that you are willing to lose (as in any investment), because even professionals can't be one hundred percent sure of one outcome or another. And of course, you have to study this question in details, because it is not quite rational to single out some crypto assets right now.

47
Sorting Box / Re: What is staking?
« on: April 03, 2023, 07:49:05 PM »
Deposit in a bank, but in the world of cryptocurrencies :)

48
Sorting Box / Re: What is trading bot ?
« on: April 03, 2023, 07:41:03 PM »
Trading bots is a program that, using a certain algorithm, can automatically make the sale and purchase of cryptocurrencies on the corresponding exchanges.

49
Sorting Box / Re: Trading or holding
« on: April 03, 2023, 07:18:07 PM »
In short, trading, with understanding and/or luck, gives you the opportunity to make money in a fairly short period of time. Holding, on the other hand, allows you to approach cryptocurrency earning strategically, and is a relatively more stable choice as a beginner in this field. (My opinion)

50
Sorting Box / Re: Is crypto still a future currency?
« on: April 03, 2023, 07:11:37 PM »
I'm as new as you, but I think cryptocurrencies have huge potential, at least because of the transferability between any countries and the absence of almost any direct state control over the transactions themselves.

51
I would say it depends on whether you're ready to understand the topic enough to increase your chance of success, as well as on whether you're ready to lose the money if the investment fails.

52
Sorting Box / Re: What is a testnet?
« on: April 03, 2023, 07:03:19 PM »
In blockchain technology, a testnet is an instance of a blockchain powered by the same or a newer version of the underlying software, to be used for testing and experimentation without risk to real funds or the main chain. Testnet coins are separate and distinct from the official coins, don't have value, and can be obtained freely from faucets.

53
Sorting Box / Re: What is staking?
« on: April 03, 2023, 07:00:13 PM »
Staking is when you lock crypto assets for a set period of time to help support the operation of a blockchain. In return for staking your crypto, you earn more cryptocurrency. Many blockchains use a proof of stake consensus mechanism. Under this system, network participants who want to support the blockchain by validating new transactions and adding new blocks must “stake” set sums of cryptocurrency. Staking helps ensure that only legitimate data and transactions are added to a blockchain. Participants trying to earn a chance to validate new transactions offer to lock up sums of cryptocurrency in staking as a form of insurance.
If they improperly validate flawed or fraudulent data, they may lose some or all of their stake as a penalty. But if they validate correct, legitimate transactions and data, they earn more crypto as a reward.

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