“I know these things are super volatile, like some days they can go down 80%,” Humphrey Yang, the personal finance expert behind Humphrey Talks, previously told NextAdvisor. “But if you believe in the long-term potential of [Bitcoin], just don’t check on it. That’s the best thing you can do.”
There are thousands of different cryptocurrencies available today. The most popular — and the original — is Bitcoin, which was created in 2009. Other common cryptocurrencies include Ethereum, XRP, and Bitcoin Cash. Each of these currencies serves a different purpose, with some optimized for use in place of cash, and others designed for private, direct transactions.
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Altcoin. Refers to any cryptocurrency other than Bitcoin, and there are thousands.
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Fig 1. Price series for each cryptocurrency considered (each cryptocurrency priced in USD).
Coinye, a semi-defunct cryptocurrency, is worth mentioning solely for its bizarre backstory.
Fun StuffRussell Alexander was wrongly advised he could keep the money and even bought a house.
Safemoon’s contract is directly copied from Ethereum’s smart contract RFILIQ. Safemoon even maintains the spelling errors of the original contract. Yet, 4JNET’s core team comes from internationally renowned enterprises like Oracle, Microsoft and IBM, so it boasts technical strength.
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When the spectre of restrictive regulation hovers over the cryptocurrency markets, steep drops invariably occur. If it happens to concern China or the US, brace yourself if you’re an investor—the market never stops trading, and what took months to build can crumble to nothing in an afternoon.
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“What differentiates SafeMoon is that they’re putting this out there in the open for everyone to see, and are not trying to hide the fact that’s how the system works,” he said.
Binance.US users will also be able to take advantage of the same discount opportunities available on Binance. The referral bonuses as well as the discount for holding BNB are available. As a reminder, Binance's fees are the lowest in the industry even before factoring in the discounts.
The decision by Tesla, and announced by Musk, was seen by some as a slight on the credibility of cryptos to become a viable method of payment against physical currencies.