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“Bitcoin is Gold 2.0” says this millionaire who is buying $150,000 per month in Bitcoin and Ethereum

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Bitcoin over gold

Niklas Nikolajsen, a bitcoin millionaire, is not taking a retirement from his crypto millions. Instead, he is diversifying his wealth and more importantly – he continues to buy Euro 5000 worth of Bitcoin and Ethereum every day (about $150,000 per month).

Some might argue that there is no surprise that a person who made his millions is pumping a few hundred thousand dollars a month at Bitcoin. However, Niklas is personally vested in taking the decentralized revolution forward. He found Bitcoin Suisse to take his vision forward.

You can say that Niklas is walking the talk. You will notice that he is very passionate about Bitcoin.

Even though he made his multi-millions through bitcoin, when asked about ‘how many times does he check bitcoin prices’, Niklas replied “probably 100 times a day”.  

“Why would I want to go to Amazon or something when the adventure here is 10 times more exciting,” Niklas quipped referring to the ups and downs of the Bitcoin market.

Volatility disturbs the newbies, not me

Talking about the panic that the bitcoin and crypto volatility creates, Niklas compared the volatility to seasickness and said “if you are not used to sailing…you are new to ship…you can easily become seasick,” he said “but if you work on the ship, even in the heaviest storms you do not get seasick.”

Niklas seemed unfazed by the volatility in the market.

“I sleep like a rock,” he said smiling.

Demand for Bitcoin is growing because demand for decentralization is growing

buying more bitcoinTalking about the price action Niklas is very optimistic that bitcoin is gaining traction in the market and demand for what bitcoin can bring forth is becoming evident.  

“When I see bitcoin prices go up I see people choosing bitcoin for their fiat,” he said “when you set peer to peer money free then people who live from controlling other people and suffocating their lives will have a very hard time to do so.”

Bitcoin is Gold 2.0 but you don’t have to choose one or the other

Bitcoin over gold

Niklas loves bitcoin better than gold however he is invested in gold as well.

For one, he likes the fact that gold is not man made and unlike fiat which can be printed by few and make masses to work for what they made out of thin air.

“My interest and love for gold is what led me to learning about bitcoin,” Niklas said, “so you can [in] both.”

However, Niklas thinks Gold is still controlled in terms of supply and who gets hands on it.

That is where Bitcoin shines. It is not controlled by strong arms or the wealthy.  Everyone has an equal chance to get (even if a fraction).  You can also send bitcoin to someone on the other side of the planet while you cannot do that with Gold.

Bitcoin is Gold 2.0,” he said.

Only thing working against bitcoin in comparison to gold is its history.  Bitcoin doesn’t have a lot of history to back it up but gold has been used for thousands of years.

“If you want to be ultra-conservative…gold is probably a safer option compared to gold,” he said “but as we have seen bitcoin has outperformed gold in the last 10 years.”

PoS may solve the energy consumption of Bitcoin

Niklas commented on the need for electricity to use bitcoin vs. gold that does not use electricity to transact.  

“[In the current proof of work system] bitcoin does need electricity,” Niklas admitted with a caveat “once the [PoS] technology is proven, this [will be] one of the things bitcoin will adapt.”

“Production of gold, just like production of bitcoin, does need a lot of energy,” he clarified.

Comparing bitcoin energy consumption with facebook data centers, banks and other places, Niklas said “I don’t think it is so important if energy is consumed or not but how that energy is produced,” taking a stab at the methods of production of energy that pollute the water bodies and environment.

Niklas does have a point in terms of comparing the energy used by gold production, transportation, banking industry with their huge offices to bitcoin which does consume electricity at production but once produced it takes micro units of electricity to transfer from one wallet to another (and can be hosted on a mobile phone instead of needing a huge infrastructure.)

Should we buy bitcoin now?

is bitcoin safe?Anyone who watches this interview will have great respect for Niklas.  He was not baffled by the questions asked by the interviewer and answered all of them with great maturity.

When asked about ‘should people buy bitcoin now?’  Niklas answer was indicative of his grounded demeanor.

“The best investment you can ever make is knowledge,” Niklas answered “you should probably never throw yourself into something you don’t understand just because…somebody said something, that can be risky.”

At the end of his answer to that question Niklas encouraged people to put a small diversification in Bitcoin and said “now is not a bad time.”

Is having riches solve all problems in life?

“Difference between not having any money and having little money is huge,” Niklas shared his wisdom, “however, the difference between having some money and a lot of money is not as big as people think it is.”

[One of the greatest pleasures in life is to be able to help others], Niklas said. 

We highly recommend any crypto fan and entrepreneur to check out this interview.

Why I buy Bitcoin and Ether for 160,000 USD a month – Niklas Nikolajsen of Bitcoin Suisse

Niklas Nikolajsen founded Bitcoin Suisse (https://www.bitcoinsuisse.com) in 2013 together with other Bitcoin pioneers. The company is a Swiss-regulated finan…

best Crypto Tax Software

Also Read:

9 reasons why Bitcoin might just save our Pension

How to Get Bitcoin for Free?

Should I Buy Bitcoin or Alt Coins?

How to use bitcoin ATM? A step by step guide for beginners

Thank you for reading and sharing this article. Stay safe and healthy!

IMPORTANT DISCLAIMER

We have used referral codes where available.

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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CryptoSpace

Crypto Roundup: All Your YouTube Influencers in One Place

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Crypto Roundup

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place.    

Worried about missing updates from your favorite YouTube crypto influencers?  

Welcome to the Crypto Roundup.  

On this page, we will post a quick summary of the videos from some of the most popular YouTube crypto influencers.

Ivan on Tech  Altcoin Daily

Crypto Zombie Box Mining

Ellio Trades Lark Davis

Data Dash Bitboy Crypto

MMCrypto Chico Crypto

Altcoin Daily

Video title: Bitcoin Will Be OVER $20,000 By Christmas 2020! BIGGEST WEALTH SHIFT OF OUR LIFETIME! Cryptocurrency

Date: 19-Nov-20

  • World’s biggest wealth shift of our lifetime is happening right now and no mainstream media is talking about it, except CNBC.

  • Preston Pysh predicted on August 26th that: “Bitcoin should be reaching its all time high by Christmas.”

  • If you are looking to buy a dip, there may not be one.
  • Ricardo Salinas Pliego, a mexican billionaire, has just revealed that 10% of his liquid assets are into bitcoin.

Lark Davis

Video Title: STOCKS HIT NEW HIGHS! WILL COVID VACCINES LEAD TO MEGA PUMP IN 2021? [Are You Ready?]

Date: 19-Nov-2020

  • Stock markets and bitcoin pumps higher on the news of the second successful covid vaccine.
  • There could be more chances for the new stimulus. Means more inflation, more debt and simultaneously pumps stocks, gold and bitcoin.

Crypto Zombie

Video Title: BITCOIN $18.5k TOP!!?! DON’T BE FOOLED!! HODL FOMO BEGINS!!! $TRILLIONS FLOOD!!

Date: 18-Nov-2020

  • Overall sentiment of Bitcoin has changed drastically from ICO craze in 2017 to a time where people are FOMOing to own more bitcoin.

Ivan on tech 

Video Title: BIG WARNING TO ALL HODLERS!!!!!!!!! DO NOT GET REKT!!! BITCOIN $18,500 REJECTED – NOW WHAT?

Date: 18-Nov-2020

  • Ivan expects bitcoin to shoot past $20K resistance before end of this year, giving it 85% probability

Chico Crypto

Video Title: World’s Most Powerful Turn BULLISH on BITCOIN

Date: 19-Nov-2020

  • All those who hold big bags of Bitcoin will come out of the shadows to talk up the Bitcoin rally, a $20K bitcoin could be on the cards before the end of this year
  • Ethereum mining could act as a big catalyst for Ethereum’s price
  • Big companies like google could play a bigger role in mass adoption of crypto

Let the FOMO begin…

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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Lessons from the Veteran HODLERS to the Newbies!

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Lessons in Crypto

For all those who entered the crypto market after the 2017 bull run – here are few lessons from the HODLERS from the last bull run(s).

This is our attempt at making all you newbies aware of the mistakes veteran cryptoers did.

Let’s get started…

Don’t FOMO in to all the hype

FomoIt’s hard not to FOMO in crypto.  The trick is to make sure you don’t lose your shirt in crazy bets.  Always limit your bets to what you are comfortable losing.

The common ways you can become victim of FOMO are:

  • Following your favorite YouTuber without actually doing your own research on the project.
  • Investing into projects at the top.
  • Believing in promises of 100x or 1000x without any substance behind those claims.

HODLing far too long

Remember why you are into crypto – to make the money.

Never fall in love with your crypto, and HODL the tokens even when they are 10x and more.

Have a strategy to take your capital out before you become a HODLer.  

If you believe the project really has what it takes to go beyond 100x and more, just sell in instalments so as to not miss the ride.

One of the best ways to HODL is to take your capital in full and profit in tranches.

This rekt story will give you a right perspective of what it looks like, it’s one of many:

Don’t put all your eggs in one basket

Never go all in on one project. No matter how strong the project may look, even the projects with strong fundamentals don’t do well sometimes. 

And, you will be kicking yourself watching other projects go up and your portfolio just doesn’t seem to make a move.

And don’t over do it and have a portfolio with over 100 projects either. It is very difficult not to have invested in more than 15 projects but anything less than 20 is a good way to go, in our opinion. 

Put aside the share of Profits for Taxes.

One way you can get a good night’s sleep is by paying taxes. 

Always keep a habit of putting aside a % of your profits in USDT or other stable coins, as a reserve to take advantage of market volatility and also to meet your tax obligations. 

Exchanges are more evil during bull run

Foreign ExchangesDon’t trust exchanges. Yes we already know that, but they play more games during bullrun, some intentional and some technical. 

Many exchanges tend to go under maintenance when the prices shoot up too high too soon (Coinbase?), and you can’t sell. 

And the shady exchanges scam out before you know.

Regulators seem interested when the market cap of these projects goes through the roof, which then adds FUD around the project crashing the prices.  

Exchange may freeze funds pending investigations when such issues arise.

Take for example OKEx. Users are unable to withdraw their assets from the exchange for almost a month now, not certain if they ever will, and all that started with the legal dispute.

Never fall for Arbitrage gains

Arbitrage is when you buy in one exchange at a lower rate and sell on the other for a higher rate to take some profits. 

Some shady exchanges show a lot higher prices than the other genuine exchanges and when you deposit your assets to sell at those prices there won’t be actual volume to execute the trade. You may be stuck with either a high fee for withdrawal or other funky rules to take your own money out. 

Remember, there is no free Giveaway

Free CryptoScammers rise with the rising market.  

When the crypto market buzzes with all time highs – scammers cash in big time on newbies.

The most lucrative scam in crypto is ‘Free Giveaway’. Whether it be through YouYube ads or discussion groups and wherever they can get your attention.  Read this article on various sophisticated scams that are being deployed.

We hope these lessons help you through your trades and crypto life.  Stay safe and always DYOR.

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

 

Continue Reading

CryptoSpace

Crypto Roundup: All Your YouTube Influencers in One Place

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on

crypto news

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place.    

Worried about missing updates from your favorite YouTube crypto influencers?  

Welcome to the Crypto Roundup.  

On this page, we will post a quick summary of the videos from some of the most popular YouTube crypto influencers.

Ivan on Tech  Altcoin Daily

Crypto Zombie Box Mining

Ellio Trades Lark Davis

Data Dash Bitboy Crypto

MMCrypto Chico Crypto

Altcoin Daily

Video title: The United States Just Brought Bitcoin into the National Conversation!! | Cryptocurrency in 2021

Date: 16-Nov-20

  • Former National Treasurer and the new US Senator Elected, Cynthia Lummis, said Bitcoin fits the bill as a good store of value as it is finite and limited, unlike the inflationary fiat currency.

  • Grayscale adds over 7000 more bitcoin in just the last 24 hours.
  • Just over 16% ETH staked for ETH 2.0 launch on Dec 2 2020.
  • Bitcoin Cash hard fork takes place tomorrow.

Crypto Zombie

Video Title: WARNING!!! BITCOIN 2017 BEAR FRACTAL RETURNS!!! BTC WORST CASE SCENARIO…

Date: 14-Nov-2020

  • Institutional money starts flowing into bitcoin.

  • Paypal goes live with its crypto trading platform for eligible customers. They have also raised the buying limits from the initially set $10,000 to $20,000 per week.
  • DIA, an DeFI Oracle provider, integrates with Polkadot.

Ivan on tech 

Video Title: BITCOIN WILL DO SOMETHING INSANE THIS WEEK!!!! -30% DUMP AHEAD vs $20,000 PARTY – Programmer

Date: 16-Nov-2020

  • Bitcoin could make a big move this week, either hit 20K or we may see a 20% to 30% drop
  • Chainlink partners with Etherisc to deliver agricultural insurance in Kenya.

Ellio Trades

Video Title: UNLOCKING $100 TRILLION? This low cap gem seeks to bridge CeFi and DeFi

Date: 15-Nov-2020

  • DeFI could be similar to the ICO craze in 2017
  • Low cap gem: AllianceBlock
  • AllianceBlock is bridging the gap between DeFi and CeFi
  • AllianceBlock Partnership with Orion Protocol and Chainlink.

Chico Crypto

Video Title: WARNING! An “EVIL” Entity Wants Control of BITCOIN…

Date: 15-Nov-2020

https://www.youtube.com/watch?v=45Ac-5y2ofg

  • 90% of Bitcoin’s mining pools are controlled by China based mining pools
  • As the value of bitcoin goes up – there is a threat of push to ‘control’ the network from China
  • Binance is looking to push through the 50% mining share and Chico believes this could be dangerous

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place. 

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

Continue Reading

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