I do not know any nations with 17 dollars per month salary, maybe daily? That is a super low amount, I do not think that even the poorest nations would have such a thing maybe aside from Venezuela, even my nation which is doing horrible in economy, has like 250 dollars per month to 300 dollars per month minimum wage, it is still quite low of course but not 17, that is just too wild. In that regard 850 dollars investment could be found by just signature campaigns and you would be a wealthy person from the income of that alone, plus all the investments you could do.
17 dollars per month minimum wage look unrealistic to me maybe per day as you have rightly said, my country has a minimum wage of about $30 a month and this is 18 thousand naira in my local currency until recently the government increased it to $47 that is 33 thousand Nigeria naira which is still very poor considering the cost of living that has increased greatly since after covid 19. So a $17 minimum wage is quite an unthinkable amount to earn as a worker because that amount will cripple workers purchasing power and the inflation rate will skyrocket in such an economy.
Dont know on where you do get those 17 which $47 is currently the lowest monthly salary.
Cuba. 47.33 USD.
Congo. 82.94 USD.
Tajikistan. 133.68 USD.
and so on....https://www.paylab.com/top-salaries/rankings/top-20-countries-lowest-salary?lang=enSo just like you do said that it was really indeed impossible unless if it wasnt really that an actual permanent day job.?
Well, although it is not an issue that has much to do with tokens, but in Venezuela the minimum wage does not even reach 4 USD, it is something very sad, despite what they say that the salary is above that, in Actually it is not, it is more if they want to position it in any amount, the same local currency is in charge of being devalued enough so that it is not worth more, the rampant inflation in the country means that work things do not work, people look for other types of work that produces quite adequate income, some develop a good business model, but another select group that knows about cryptocurrencies invests, but invests more in Bitcoin, so Venezuela is a country that if they enter with good publicity with an altcoin or token they can make it take the maximum point of a currency, that is the potential that that country has, so a token like this OWL or any other with maximum advertising, it is possible that it can generate good volume.
Everybody has his own strategy. I agree that every portfolio needs to have bitcoin in its wallet but my share is about 50%. Other than that, I have a dozens of altcoins varying from ETH, BNB to shitcoins as SHIB and a small part of casino tokens.
There are so many shitcoins in the market now and some persons are taking the risks of holding large quantities of coins that may not survive the market in a long run. Bitcoin is the major coins that could safe us from the market in a long run so it will be good for us to rely on Bitcoin maybe with large amount of our funds than holding some project tokens that may not have enough liquidity to go far in a long range of time. There are still some project tokens that are good to be hold for just a short while since the market is not that predictable.
Well yes, We have different strategy in keeping our portfolio, We all have different risk appetite and this levels our percentage of altcoins we have. Having majority of your portfolio into altcoin doesn't mean that you are holding a bigger risk against other. I think it's all about the coins we are holding. Like these casino tokens, I'm a bit uncertain to these honestly and I don't plan to hold or acquire one soon.
What happens is that many believe that by having many altcoins in their portfolio they may have a greater chance that at least one will break at some point, and it can be, but it has to be an altcoin that follows the movement at the same time. of BTC, as well as ETH, which to me is the second most important currency after Bitcoin, however we can have tokens and those tokens can result in us having to be vigilant, keep track, when the price of BTC starts to go up, because it is very likely that it will go up in price, so it is not a bad idea, because it comes from a casino, and not from any project that may be developed out there.
To me this makes sense, we also need to take into account that a great deal of the coins that we have in this market have nothing solid behind them and as such it is natural they are extremely susceptible to the manipulation that is going on in the markets, but when it comes to casino tokens we know there is a company behind them which can back up the price of their token with the number of clients they have and with the profits they have gotten over time, so it is not surprising that casino tokens seem to be more resistant to the fluctuations in the market.
These tokens are the same as the others. They have nothing behind them as all others. Haven`t you see the scam from casinos? It was a company behind and it doesn`t mean anything. Of course it is possible that it may be a good investment, but the same thing possible with any other token. Just DYOR before spending money and don`t buy 1 tokens for all the money.
Good for those coin is to trade it for short time period because believing on something that great things will happen to them in future is so risky and we see how many casino didn't succeed to revive back the past ATH or even closer to its original price when it launch. Also most of the casino tokens I see is at bad shape at the moment so for investors thinking to invest on any casino owned tokens better take extra precaution and always be vigilant on your investment.
This is the same for all the cryptocurrencies. It is possible to invest for a long time, but no one can guarantee that after next dump your tokens will cost anything. Today all markets are red, these tokens are same as the others. When you invest in offline casino - you see the equipment, the building, documents. When you invest in online casino - you just have to believe. It is not good for investing.
You are right, so we cannot forget what happened with Terra, something that nobody expected but that still happened, and this is the danger that lies in these coins, but I come back and I repeat, there are many things to take into consideration, this that a currency goes down and does not recover is because there really is no interest rate, and investors simply take their money from there, now, the case of these tokens is different, personally I trust much more in a project that is backed by a casino that by a normal launch, be it based on ICO or something like that, the only thing is that sometimes these casino projects, their first excahnge are the decentralized ones and I think that takes away a lot of value.
