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I Bought This Image For $1,500 (and I sold it for +50% in two weeks) Using NFTs

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@jonromeroJon V

My money is managed by a Machine and I spend most of my time looking how to help Entrepreneurs

If a year ago someone told me that they bought an image, a simple file that is trivial to download for $1,500, I would think that they are idiots. But as it happens with all new opportunities, the line between idiots and informed investors is blurred.

In January 2021 I decided to dance on that line.

Blockchain

I’ve been a huge supporter of blockchain technology mostly because I am a huge geek. Surprisingly this worked really well for me at a time where Ethereum was $8 – $12 (now it is $1,500 – $2,000). I kept following very closely all the new trends and trying to figure out what is “the next big thing”

If you are following the crypto space (Ethereum, Bitcoin, Doge, etc) you know that every week there is a new “next big thing”. Finding whether this is an unstoppable Tsunami or not is how fortunes are made… or lost. 

The only real metric that works is: 

“Do people use it RIGHT now?”

I don’t care if it is great on paper, if the price is high, or if Elon Musk is pushing it. Do people actually use it? Is there a community around it building software and new tools? Is there a future?

NFT: Non-fungible tokens

NFTs are the newest hype. Millions of dollars in transactions and to tell you the truth, I love how they disrupted the art gallery space. Anyone can buy and sell art while sitting at home, drinking kombucha, and watching Netflix. 

The easiest way to get what NFTs are is to understand that they represent ownership. An NFT is used mostly for digital items but there are tons of other use cases that I’ll explore in another post. Let’s see an example:

I am an artist and I digitize my work (I take a photo) and I upload it to one of the current trading platforms for NFTs (like Opensea or Rarible). The process of converting my art to NFT is called minting. During that extremely simple process, I can also add some properties to my NFT (we call them metadata). 

For example, this is an NFT that just got sold $215k as I was writing this post.

It has some properties (Accessories and Type) and it is unique, meaning that whoever bought this, is the unique owner of this image.

Wait? Why is it unique? I can download it for free

This is the argument that I keep hearing about NFTs. Why would I buy it if I can get it for free? 

It all comes down to perceived value.

There are literally thousands of copies of the Mona Lisa. But only the original one can capture all the value. NFTs are on the blockchain so you can always know whether this is the original or not. 

But I cannot have it on my wall and enjoy it!

I don’t have my Tesla stocks on the wall. And (sadly) the vast amount of expensive art is locked up inside vaults and sometimes even at the museums you don’t see the original. 

Art can be enjoyed and also be traded for money. You can have a piece of art that is not enjoyable but worth millions of dollars and art that is a masterpiece but worth less than a Dogecoin ($0.005). 

NFTs create new, efficient, and fast marketplaces for anyone to upload their art, purchase, speculate, and invest in it. 

How big is the NFT space right now?

I’ve been buying and selling since 2018 (the Cryptokitties days) but now it is out of control. We are talking about buying something for $50 and selling it for $30k in less than a month. The NBA started their own NFTs, celebrities are printing money and more and more and more companies jump into the game. 

On top of that, a myriad of companies are building tools and making sure everything is faster, cheaper, and more accessible for everyone. 

Should I spend all my money buying NFTs?

The NFT market is very volatile and moves extremely fast. It is the definition of FOMO and hypecoaster (hype going on a rollercoaster). Read as much as you can, research the hell out of it and understand that whenever you think it is a smart investment, it probably is a stupid one. 

Hey, you didn’t tell me the story of how you made 50%

Oh yes! I hate click-baiting, so here is the story.

First of all, use a new wallet for any big transactions that you are planning to do. If you don’t know the reasons then you probably haven’t done any big transactions, so you are ok for now (hint: security).

Then, join as many discord channels as you can and read about the company that has issued that NFT.

Is the NFT stored on IPFS? Is the NFT using a non-audited smart contract? Is the NFT actually real?

If your due-diligence is legit then you have to assess whether this is a speculation game or a long-term investment.

My goal with Hashmasks was to buy as many entry levels Hashmasks as I could (the cost was 1-2 ETH etc) and keep them for 2-3 weeks.

As the average price started going up (by 50% to 4x), the same thing happened to my hashmasks. I was getting offers without having my mask on sale – a sign that the market is super hot.

The NFT is a brand new space and every investor should know about it.

Or every fool.

Also published at https://jon.io/i-bought-this-image-for-1500-and-i-sold-it-for-50-in-two-weeks

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Source: https://hackernoon.com/i-bought-this-image-for-dollar1500-and-i-sold-it-for-50percent-in-two-weeks-using-nfts-cs3e35z7?source=rss

Forex

What is an Action Refund Review?

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You have been defrauded by a fraudulent broker. What are you going to do ? In this Action Refund review, we’ll explain everything to you.

A study by “Scamwatch”, with the help of the ACCC (Australian Competition & Consumer Commission), suggests that so far, in 2020, around 195,848 reports of all types of scams have been submitted, with a loss of approximately $ 150,838,567. This is insane!

A real company called “Action Refund” had the ambition to help victims internationally to recover their stolen capital from various crooks in the foreign exchange market. Their team is made up of knowledgeable service agents who have helped dozens of users and victims of scams across the world. In addition, Action Refund offers a free consultation over the phone with a professional case analyst. We suggest that you contact Action Refund as soon as possible.

When you are in the middle of the process of filing a refund claim with a complicated case, it is very important to have professional assistance on your side. If you’re curious about what the company’s collection service is all about, below is an interview with a fraud victim to understand what Action Refund did with their case:

Can you tell us how it all started? (Action Refund Review)

At the end of 2019, I came across an advertisement in my inbox approving that Bill Gates made a fortune from forex trading, so I thought “I’ll give it a shot” and left some of my details on the site of this company.

They assigned me an account manager named “Gary Silverson”. He was polite and appeared to be an expert, promising the world and more with future profits. He assured me that with his advice, my trading account could be multiplied by 10 in no time. I thought that was probably an overestimate, however, if the forex market is open to everyone it is very possible to increase my income and triple my investments, at least that’s what I got. has sold. I wanted to deposit around $ 750 to open an account so I followed his instructions.

Gary explained to me very briefly about the application they are using, omitting crucial details and saying “trust me, you don’t need this info, we need more repositories”. You could say that I was very naive.

That seems good to me…

Back then, I was making decent profits instantly. We had a few trading sessions together for two months. Over time, he started to take control of my account transactions and I followed his lead, not asking anything because I knew he wouldn’t respond correctly. A few days later, the agent reached out to me via WhatsApp regarding a new opportunity emerging due to the announcement of the US election. Gary offered me a zero risk plan so that we could increase my earnings. I confirmed it, and we did make a little more profit.

At the time, my account was showing a profit of $ 5,129 from my initial deposit. I wanted to request a withdrawal of $ 1000 and it was returned to me without a problem. I remember I was quite surprised. I thought to myself, “How could I not find this forex trading company before?”. A month passed, and I reconsidered depositing an additional $ 15,000. Then I got promoted for what the company calls “platinum membership”.

So you claim that you had no problem withdrawing funds from the trading account?

Not at all. As I mentioned, everything went well at first. Honestly, it looked like Gary was doing a good job.

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Forex

Vestle Review 2021 – CySEC Broker Or CySEC Scam?

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Description: Can you be scammed by Vestle broker? Read our comprehensive Vestle review covering the most important information about the broker.

Whether you have or plan to have an account with this broker, this Vestle review is something you must read

Regulated by: CySEC
Headquarters Country: Cyprus
Foundation year: 2015
Platforms: Web trader
Instruments: FX, commodities, shares, indicies, crypto, ETFs

Is Vestle a legit broker?

Over the years, many clients had a terrible experience with CySEC regulated brokers. Therefore, we decided to check few things in our Vestle review. 

For a start, is Vestle regulation a real regulation or yet another attempt of a regulated company to have an off-sight brand. How the broker operates, and the odds that it will steal your money. Let’s start.

 Vestle Regulation and Security

Vestle is a brand owned by iCFD Limited, regulated by CySEC. The company was formerly known as iForex Ltd. Whenever the broker changes its name, there is a reason for that. And usually, the reason is hundreds of unsatisfied traders and bad reviews. 

When it comes to funds, allegedly, every payment method the company uses is supervised by another EU country. It seems that the broker just listed all the countries where payment providers are based.

What can you trade with a Vestle broker?

Vestle is a broker that provides a high range of trading assets. Clients can trade with currency pairs, commodities, indices, shares, cryptocurrencies, and ETFs. There are over 900 assets available.

All the trades are executed on the web trader of a broker called FXnet. This type of trading platform is always riskier than trading with MT4 or MT5. Every experienced trader prefers MetaTrader in the first place because of security reasons, but also because it has more features. Unfortunately, the broker does not have a Demo account, so we couldn’t test the web trader and decide if it’s good or bad. Besides the web trader, the broker also offers Vestle mobile, its own app for Android and iOS devices. 

When it comes to leverage, it’s limited by CySEC rules. The highest leverage is 1:30 for currency pairs.

 

 

Deposit and Withdrawal Methods

When we talk about funding the account, there are several methods available. The client can deposit using debit/credit card, wire transfer, and few E-wallets. For card deposits, funds are visible instantly, while for wire transfers and E-wallets takes up to 5 business days. The same methods are available for withdrawals; only it takes up to 10 business days for the money to appear on the client’s account.

As per our Vestle review, it seems that the broker has issues with double charging. Many clients of this company complained that they see the double transaction in their bank statement. 

When it comes to the deposit amount, Vestle keeps it hidden. Nowhere on the website, you cannot find the list of account types and deposits necessary. It seems that after you get a call from their support, they will evaluate your financial situation and require a certain amount of money from you.

The same thing can be said about commissions and fees the broker is charging. We were unable to find this list anywhere. This looks bad for the Vestle broker. As a CySEC regulated broker, it should be very transparent when it comes to money.

Conclusion about Vestle

Based on everything in our Vestle review, we can say next. The broker shows a low level of transparency about fees and costs. The trades are executed on the web trader, easy to manipulate and change market prices. Even though the company is in the CySEC register since 2015, on the website of Vestle, there is a claim that they are operating for over 15 years. Now, it opens two questions: were they working unregulated or misleading clients to believe they are joining a long-lasting company. Whatever the answer is, a broker should not be proud to publish it.

After saying all this, we will leave it to you to decide if Vestle is a good broker or yet another CySEC scam.

 Source : Plato

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Forex

New method of investment: Copy trading, or copy trading as it was originally called

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These are busy days for those who have a certain level of savings in the economy. Because already sharp movements occur in the Turkish lira because of their very high rates of investment to translate the uncertainties in Turkey in recent times with a certain amount of savings. This enables people to turn to different investment methods.

If you are looking for a dynamic investment method and still do not know where to start, we will have a profitable suggestion for you. A type of investment, originally called “Forex copy trading”, and another name that can be translated as copy investment in Turkish is social investment. It can be a good entry-level choice for those who do not know exactly how and how to invest in investment vehicles.

The basic logic of copy trading is to imitate the investments of successful investors in the exchange you want to enter. It’s that simple. Anyway, the name of this investment concept is therefore determined as copy investment.

According to one of the studies conducted in recent years, this type of investment is increasingly taking up a place in the market. The copy investment market will reach an amount of € 70 billion by the end of 2025, according to researches.

To start copy trading, the first thing to do is to choose a reliable and profitable investment platform. At this point, the next step in choosing a reliable investment platform is  Forex Copy Trading

that is, to be able to follow reliable investors for copy investment. Therefore, the choice of platform is very important at this point.

A Close Look at Copy Investment

In short, it is important that copy investment or social investment platforms allow experienced investors to copy their investments directly. Here, when you find such an investment exchange, the investment made in this way is also called “auto investment” because you invest your own account directly into the account of the experienced investor.

You can invest in the form of copy investment in the BIST 100, crypto money exchanges and even foreign exchanges. It is a method that can be followed even for foreign currency deposits. However, it will require serious research at the stage of determining the investors you will follow in the first place.

How Exactly to Invest in Copy?

In fact, there are two popular ways to do this.

Following the Investors’ Strategies One to One

Whichever exchange you are investing in, you can learn the investments made by the really experienced names of that stock exchange with a good research and make these investments one by one.

Benefits:

Simple System: The investment you will make in this way will be a very simple and easy-to-use investment type. This is the reason why it is called auto investment as a type of investment that you can directly imitate the investments of expert investors in the field.

Flexibility: You can follow this type of investment from any digital device. It is a very flexible method as you will do the same no matter where you are, as soon as you hear about the direct investment of the person you follow, as there is no subject to think about.

Choosing a strategy is very easy: All you have to do is find the best in the field with the right research. Once you find it, it will be very easy to determine your strategy.

Transaction Fees: Most successful traders will charge you a certain fee to return their investments. These fee claims create an additional cost. However, you can manage your funds with the confidence that there will be no additional fees or expenses for the investment.

Let others follow your investment. For this, create an investment strategy.

Here you will be the one followed. Of course, this has certain advantages and disadvantages.

Your strategies will directly affect the market: Since you will be the person who will determine the strategy, whatever strategy you follow, the strategy you will follow will be a strategy that will affect the market completely.

You will also get the reward for your labor outside of profits: In this way, you will have to spend all your work on this work. However, you will get more than your followers for your efforts.

You will set the rules of the game: However, doing these operations will require both very serious experience and serious work.

Of course, it would be useful for you to carefully investigate whether there is a method to follow completely. However, it is possible to say that you can carry out such transactions with peace of mind with detailed analysis on the leading quality investment and stock exchange platforms such as AMarkets.

 

 

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Coinpedia

Ethereum Price Smashed $2000, $3000 Incoming At Lightning Speed!

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Ethereum Price (ETH) May Hit $10,000 This Cycle!

The Ethereum price that is known to maintain a stable price movement, finally broke the previous ATH to form a new one. It took more than a months time to regain its lost position above $2000, yet sustained successfully. 

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The price took more time than expected to break the $2000 barrier, yet $3000 may be approaching at rocket speed. As predicted by founder of Gokhstein Media, David Gokhstein, the next stop for the ETH price is around $3,900. 

With the continued bullish trend and intensified rally, the price is expected to surge to the highest levels. According to an analyst and Crypto Youtuber, Young and Investing, the Ethereum price may hit $10,000 within the current bull run.

With the accelerated bull run, many analysts believe Ethereum could lead the market instead of Bitcoin too. Therefore providing a huge opportunity for the altcoins to boom within the ETH bull rally. 

Is Altcoin-Season On the Cards?

Many altcoins normally pop-up with the surge in the price of the second dominant crypto Ethereum. Currently, ETH price is trading around its new all time high around $2152 and expected to fly high. Therefore, many small cap altcoins are expected to rise from ashes and pump more than 50x or even 100x also.

Many analysts believe the Altcoin Season of 2021 is on the way and is expected to be the greatest season ever. According to a popular analyst, XRPcryptowolf, the season will reach its peak during the summer.

Moreover, the coins which are believed to be dead or not performing are also expected to rise. One of the analysts, MC also has given a brief idea on which all coins might pump in the current AltSeason.

Collectively, the breakout of Ethereum price has led to initialization of the most awaited AltSeason of 2021. The ETH price rally is expected to intensify in the coming days, that might smash $10,000 soon.

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Source: https://coinpedia.org/ethereum/ethereum-price-to-surge-to-3000-soon/

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