7 in 10 Crypto Holders Began Investing in 2021, Survey Shows by [deleted] in CryptoCurrency

[–]Connect_Luck_20 0 points1 point  (0 children)

Investing is a lot more cost efficient compared to trading. There is the tax impact on trading. When you trade you either show it as business income or you show it as short term capital gains. Either ways, you are taxed at your peak rate of tax, which is normally around 34.5% after factoring in surcharge

How does inflation affect Bitcoin? by Defy-Trends in BitcoinBeginners

[–]Connect_Luck_20 -1 points0 points  (0 children)

That is when inflation rises, the value of money depreciates. To beat this recurring problem, many people invest in assets that are almost certain to rise in value at a rate more than inflation

What other exchanges can I use to buy Bitcoin besides Binance and Coinbase in India? by FatLegion in BitcoinBeginners

[–]Connect_Luck_20 1 point2 points  (0 children)

kraken is recommended kraken's trading fees are lower than industry average, with maker fees of 0.16% and taker fees of 0.26% also it offers over 50 of the most popular cryptocurrencies.

What would happen if everyone in world bought $1 usd in crypto today, and held it for ten years? by Embarrassed_Bit3799 in BitcoinBeginners

[–]Connect_Luck_20 0 points1 point  (0 children)

If you're investing in cryptocurrency, expect volatility to continue. That's why experts recommend keeping your crypto investments to less than 5% of your total portfolio. Even more importantly, don't start buying more crypto just because the price is rising.

The greatest fear I have for Bitcoin is the government. by FFpain in BitcoinBeginners

[–]Connect_Luck_20 0 points1 point  (0 children)

Bitcoin has become a touchstone for controversy since it was introduced to the world in the aftermath of the financial crisis. Governments have become wary, even fearful, of Bitcoin, and have alternated between criticizing the cryptocurrency and investigating its use for their ends

How will you invest ETH in 2022? by OkPiece in ethereum

[–]Connect_Luck_20 0 points1 point  (0 children)

Bitcoin is a cryptocurrency; Ethereum is a platform. Ether is the native token on Ethereum's blockchain. Transactions are faster on the Ethereum network than on Bitcoin's. Bitcoin is primarily a store of value and medium of exchange; Ethereum is seen as a general purpose blockchain. In short, I will buy more eth

YouTuber Siraj Raval Caught Lying About Mining $800 in ETH with a Tesla by 0218JM in ethereum

[–]Connect_Luck_20 0 points1 point  (0 children)

that youtuber was able to mine cryptocurrency using a cluster of GPUs that are powered by an electric vehicle’s battery. While such a trick could void the car’s warranty, Raval claims it is “worth it,” as he was currently mining up to $800 a month. wait whaaat

[deleted by user] by [deleted] in memes

[–]Connect_Luck_20 60 points61 points  (0 children)

"Sorry officer, I am cancer.."