Daily Crypto Markets Live Blog: Americans Quitting Jobs Due To Crypto? (11/06/21)

in LeoFinance3 years ago

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Here is the post for the Daily Leo Talk. In preparation for the upcoming Microblogging features, this is a good place to start conversations, posts charts, memes, trades, or anything else that comes to mind.

Let us boost our overall numbers by posting lots of comments throughout the day. Spread the word to get others involved.

It is a great way to stimulate engagement.

We can think of this as a Reddit type engagement thread. We are not dealing with long form content so topics of discussion can start off with a top line comment. We can fill in from there.

We are open 24/7/365.

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BLOCKCHAIN GAMING/PLAY2EARN

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I have recently started to play Splinterlands, and it did not take long before I realized the financial upside to this game. Entertaining to play, and we collect assets. The blockchain is just getting started and there is so much here it is just crazy.

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I agree with you, it's actually entertaining to play and there huge financial benefits to gain from the blockchain games if you understand the game. It's go splinterland. Just get a card and you're there.

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Yea I think play to earn is here to stay and having so many ways to earn is great. It means there should be something for everyone.

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The other day I purchased some INDEX tokens from the Hive Engine Index fund. Since then I've been receiving drips of SPS and VOUCHER tokens along with drips for other Layer 2 tokens.

Normally I would have traded those for SWAP.HIVE immediately, but I will let the SPS and VOUCHER drips accumulate to see how far and how fast they add up to big money.

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Well the vouchers have been extended so the demand for SPS should still be there. I would probably figure out how you want to spend it though. I do agree INDEX is a great source of VOUCHERS and SPS due to the large amount of DEC it holds.

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BITCOIN

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CRYPTOCURRENCY

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Going full crypto in a bull market is easy, but what happens in a bear market? There are cycles and we will see one and those that went full crypto might not be in a good position. And if they go all-in on shitcoins, that's much worse...

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That is the issue. People should always be prepared for all situations but most people only care about right now. I have no doubt there will be a lot of people complaining about losing money during the bear markets.

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Going full crypto in a bull market is easy, but what happens in a bear market?

That is where true success lies. Anyone can make money during the bull, can they stand the "losses" during the bear.

It is why the Keep Building idea is vital. Just keep doing what we do each day.

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Another way cryptocurrency is changing things.

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That is understandable, why would I continue to resell, if my crypto portfolio out performs my current reselling business. It just makes sense.

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It might be very risky if they don't reinvest into other businesses. This is because there's a time to bull and another time to bear. The bull time is very sweet and the bear times are very bitter. My advise is total diversification of income during bull time or else they'll be looking for the same jobs even they're broke. I maybe wrong or right in my analysis.

Looking at the above point, the 4% was actually before the runup. Am suspecting about 10% increase by the end of December 31,2021. This movements from their jobs to the crypto world of freedom, creates an opportunity for immigrants to easily get jobs in the US. One man's food is another man's poison.
Thanks for sharing.

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This is what many people would have done with stocks, but the stock market is rigged to favor large participants. Despite what conventional wisdom holds mainly due to corporate media, stock markets are highly regulated.

So these people weren't able to take advantage of the stock market. Foreign exchange of currencies (ForEx) would have been easier and better for these people, but there are only so many foreign currencies in use.

Mining precious metals and precious gems is a proven way to stake one's claim to wealth, but it is extremely hard work. It's also a young man's line of work.

So they turned to cryptocurrency to create their wealth. They reached the point where they can make investing their "day job," so they quit the 9-to-5 they had. As a bonus, they acquired !@#$-you money, and that's priceless.

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Well if people can earn the same amount of money or more without working, they would probably pick it. At least in the low paying and labor intensive jobs, people might just prefer it.

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In one way, one of these altcoins isn't like the others:

(I wanted to put backlinks to altcoins in the title above, but the title would have been too crazy; so here are the backlinks: SHIB, ETH, CAKE, DOGE, SAFEMOON.)

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HIVE

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Started reading about the peerplays on leofinance and hive. But could not understand much. Anyone here got any clue? is it good or bad for the HIVE?

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It is another blockchain. This will allow for Hive to be directly tied to a DEX.

We will see how it all rolls out.

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According to the cryptomaniac's podcast, I heard it's a small chain and it was more for the software/development side than for the users. So who knows at this point.

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LEOFINANCE

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CUBFINANCE

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STOCK MARKETS

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PERSONAL FINANCE

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It has been a month since my last hive power down. Let's make it two months 🤡

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Well I haven't really needed the funds so I have never really powered down. However I do understand some people want some money to take advantage of opportunities or for real life reasons.

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Question.
Do you think crypto investment and the returns of investment could change your personal finance? or life in general? or this is just a smoke?

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Like any other kind of investment, it can be life-changing if it's done right.

If it's done using buy and HODL (even with profit taking along the way), it can be a way to earn wealth every day for a long time.

If it's done for the big pay day, then it can be life-changing but in different ways. This would be like the rocket going to space before it falls back to Earth.

Cryptos exist for all styles of investing; it's a matter of finding those which suit you best, having a strategy, and sticking with the strategy while making course corrections along the way.

Not financial advice, but it could be validated or disproven by the experts.

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It depends on the stake and the bull that comes from your stale. I've seen people's life change through Investments in cryptocurrency. If they can you can. The necessary wisdom in when to bear and bull is also important for crypto to change ones life positively. Cashing during bull to us in Nigeria is very vital for ourlives to change due to the disparities in dollar to naira. Once you bull very high, when converted gives you edge when you exchange it to naira. That's my view. Thanks

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Well it's hard to tell but so long as you are investing on stuff based on a good roadmap, I think you should be fine. Of course you should only invest what you can afford to lose.

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TRADING

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If anyone is interested in taking a risk I'm doing OtC sales for my meme token and then will put it up on Pancake swap once I am able to provide liquidity.

First project and I do have an ABN (Australian Business Number) I'd advise against big investments due to the risk (yes I know I'm a bad sales person but buyer protection is priority.

If you're interested at throwing a little bit at it and seeing where it goes hit me up.

Life itself is a risk, your OTC sales is important to me but I don't have what it takes to buy, but can refer your sales notice to another client who might be interested to buy. What'll be my cut from the sale, just asking?

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Thank you for the offer my friend but I'm not providing affiliate opportunities at this stage but perhaps in the future it might be an option. As I need to meet regulatory requirements I'm not sure it would be all that possible to do.

Life itself is a risk, your OTC sales is important to me but I don't have what it takes to buy....

What @salvadornkpara said. What are the minimum quantities you're expecting from any buyers?

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No minimum my friend, infact I am talking big purchases down because of the level of risk involved.

In that case, put me down for 5 HIVE worth of SKIPPY. If that is OK, I will send you the 5 HIVE and text in the memo field.

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TECHNOLOGY

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(More Web 3.0 infrastructure is being built, so I put this comment here....)

Could Huddle01 be the Web 3.0 solution to Zoom we've been looking for?

Even if it isn't tokenized (yet), it may be worth considering.

Does anyone know if something like this is in the pipeline for Hive?

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The future of medicine. Will this be the greatest breakthrough in the future?

This is something that humanity has thought about for thousands of years. Will we finally achieve it?

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Likely, the biggest breakthrough in medicine of all time will be the reversal of the aging process. The reasons for this are logical and straightforward, but are still all too little known, even by the medical community and pharmaceutical companies. Medicine, and human health in general, has been notoriously difficult to disrupt. Progress is very

https://thriveglobal.com/stories/why-reversing-aging-will-transform-medicine-and-society/

Based on the above submission, it might be the greatest achievement in the medical field, but the fact is that anti-aging therapy can't reduce the actual age of the person in question. I think they should about how many could live on the planet earth for ever. Am not disputing the fact that they've done a lot of experiments in the medical field, but when it's time for a person to die, technology can't save them.

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NFTs

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DeFi

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MISCELLANEOUS

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REMINDER!!!

Get yourself some of them #CANDIES.

Keep filling the bags just in case we see utility take off.

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A bit late but I collected my candies and diamonds before the reset.

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Does anyone have an idea who's behind the waiv project? Got some of their token in my hive-engine wallet

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It looks as if everyone has been receiving WAIV mysteriously. All I know is that WAIV is the utility token for dApp called Wavio, and I still don't know exactly what Waivio does.

If you want to begin a trip down the rabbit hole to learn more about WAIV or Waivio, click that link.

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This is revealing am also seeing the waiv tokens and I'll learn about, it might be profitable in the future.

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Thanks for the link. I will do a little research this evening

@forexbrokr

Dane:

I just published 'LeoAlpha: THORChain - Finding Renewed Success Through Aligned Incentives' and linked it as a supplement to the THORChain Coin Guide.

As you can see, I submitted it as a @LeoAlpha (#LeoAlpha) contribution as well.

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Need option to get or achieve few free tokens

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Create, comment and curate content. It takes time and effort.

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Now that Etherium has a Layer 2 Token. Loopring can be used to send Etherium between users for a fraction of the fees.
With the popularity of Etherium sky rocketing along with it's gas fees.
Is this a small bandage covering up a larger wound? Shouldn't the Etherium community be concerned that such high gas fees would make them unusable, or are they expecting Loopring to be the complete solution?

I am so sorry for posting this in the wrong spot it won't happen again.

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I can't imagine starting my day here on leo finance, with my activity on leo finance I'm sure my weekend is fine.

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Io non lavoro e sto avendo ottimi risultati con le criptovalute!

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