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Invest in Bitcoin? I’m a Bitcoin Loser and I Won’t Be Going Near It … – Kiplinger’s Personal Finance

Should you invest in Bitcoin is a common question posed by many who have witnessed the cryptocurrencys rollercoaster ride over recent years.

Each Bitcoin is now worth about $30,000 after a year of gains for the cryptocurrency, but the last five years have seen it swing from $3,000 to $65,000, which shows the seesaw its been on. That has led not just to a surge in Bitcoin investing but also in Bitcoin mining.

I have tried my luck at it, albeit with rather small sums compared to some, but it taught me that seeing it as an investment is the wrong course of action for most. Unless you really, really know what you are doing, then its a gamble, akin to playing the tables in Vegas.

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That means it really should be viewed as something only to dabble in if you can afford to lose that cash, so something to have fun with rather than truly invest in. Thats my view, and you may disagree, but heres why I think so.

When you invest in the stock market or in commodities you can at least do some research to help inform your decision. How has this fund manager performed? What is this companys growth plans? Or, what do experts think will happen to the price of gold?

These are all questions you can answer using research to help inform you of potential outcomes. You can also get financial advice from experts who know the markets and the system.

Of course, most investors know that there is always the risk of their investment tanking due to big world events such as COVID-19, or due to more localized or company-specific issues.

Yet few stocks or commodities have experienced the white-knuckle ride of Bitcoin, and that propensity for it to move suddenly, sometimes seemingly with no warning, is why it is so much harder to predict, and why it is closer to gambling than investing in my view.

One reason Bitcoin is hard to predict is because the mechanics behind it are so complex that most people dont understand them and therefore dont have the same knowledge they have of more traditional investments.

I suspect die-hard crypto experts who do nothing but study Bitcoin and other similar currencies such as Ethereum will disagree with me, but this article isnt aimed at them, but at the less-well-informed majority.

A few years ago when everyone seemed to be talking Bitcoin up during one of its highs, I bought $300 of it. I saw it rise to about $500, then drop suddenly, only to go back up again.

After a few months later, I withdrew it all at a loss of $50. I could swallow a $50 hit and I saw the experience as a bit of fun to see what would happen to the $300.

The problem is, I had no idea why it was going up or down and saw no way to even remotely forecast which way it would go. I didnt like the feeling that I had no control at all.

Bitcoin is having a good 2023, with its value up 75% year-to-date. That may encourage some people to try their luck.

I say go for it if you want to have some fun, but only with money you can afford to lose, unless you really consider yourself a cryptocurrency expert.

But please beware the many companies out there trying to sell you a Bitcoin investment as a sure-fire way to make money. You may get lucky but you may as easily get burnt.

Whether you agree or disagree, feel free to tweet me @guyanker.

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Invest in Bitcoin? I'm a Bitcoin Loser and I Won't Be Going Near It ... - Kiplinger's Personal Finance

Why DigiToads is set to outpace Dogecoin and Pepe? – CryptoNewsZ

As cryptocurrencies continue to gain popularity, the memecoin market has emerged as one of the industrys most interesting and fastest-growing segments. Among the rising stars of the memecoin market is DigiToads (TOADS), a new deflationary token that has quickly gained popularity among investors and cryptocurrency enthusiasts. The nascent protocol is already on track to outpace its competitors, Dogecoin (DOGE) and Pepe (PEPE). Could it be 2023s best ICO?

One key factor that sets DigiToads apart from its competitors is its deflationary model. As the number of TOADS tokens in circulation decreases, the value of each token is expected to increase, creating an attractive investment opportunity for early adopters. This deflationary model has already shown promising results, with TOADS experiencing strong growth since its launch, earning it a space amongst the best altcoins.

Another key feature of DigiToads is its upcoming play-to-earn (P2E) game, which promises to provide an innovative way for users to earn TOADS tokens. The game will also feature NFTs, allowing players to stake their tokens and earn rewards. This unique combination of gaming and cryptocurrency can attract a new audience to the crypto world and drive demand for TOADS tokens.

DigiToads also offers investors the opportunity to participate in NFT staking. This allows users to earn TOADS by staking their NFTs, which can provide an additional source of income and further incentivize users to hold TOADS tokens.

But perhaps one of the most appealing aspects of DigiToads (TOADS) is its memecoin status, which can potentially drive massive price increases. Memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) have grown incredibly in recent years, driven by their strong communities and viral social media presence. DigiToads is no exception, with a growing community of enthusiastic supporters about the projects potential.

>> Buy DigiToads Now <<

Dogecoin (DOGE) is a peer-to-peer open-source cryptocurrency launched in 2013. It is based on the Litecoin framework and features a Shiba Inu dog as its logo. Initially intended as a parody for tipping content creators, DOGE has gained significant popularity over the years, becoming a top DeFi crypto.

DOGE has gained significant attention from social media, with celebrities and entrepreneurs endorsing it on various platforms. While the long-term success of DOGE remains uncertain, it has become a popular and widely traded cryptocurrency, and a large and passionate community follows its continued performance.

Pepe (PEPE) is a meme cryptocurrency recently gaining popularity in the cryptocurrency market. According to its official website, PEPE is the most memeable memecoin in existence. Launched only a few days ago, the token has already gone viral. PEPE aims to capitalize on the popularity of meme culture by combining it with blockchain technology to create a one-of-a-kind user experience for holders.

While it has gained significant attention and its recent surge has turned some early buyers into millionaires, liquidity issues and market volatility could affect its long-term success.

Dogecoin, for example, experienced a massive surge in value in early 2021, but it has since lost a significant amount of its value. Pepe lack of a clear use case and the current liquidity issues faced by the token seriously hinder its long-term prospects.

In contrast, DigiToads has a clear roadmap for growth and a strong focus on solving existing problems in the crypto market. Its unique deflationary mechanism and its NFTs and P2E games give it a clear use case with the potential for significant long-term value. Additionally, the companys commitment to charitable causes and environmental sustainability will likely attract socially conscious investors looking for investments that align with their values.

While Pepe and Dogecoin have gained much attention in the crypto market, DigiToads appears to be a more promising investment opportunity for investors looking for a high-growth altcoin with a clear use case and deflationary mechanism. With its focus on solving existing problems in the crypto market and commitment to charitable causes, DigiToads is quickly becoming one of the most talked-about altcoins of 2023.

For more information on DigiToads, visit the website, join the presale, or join the community for regular updates.

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Why DigiToads is set to outpace Dogecoin and Pepe? - CryptoNewsZ

FIL, XRP, and COLT Top 3 Crypto Gainers for 2023 – Crypto News Flash

The world of cryptocurrencies is ever-growing, and often, crypto enthusiasts find themselves lost in the constant battle between the bulls and the bears. To facilitate your decision, weve come up with the top three most promising tokens for 2023 Filecoin (FIL), Ripple (XRP) and Collateral Network (COLT).

Collateral Network (COLT) has only begun its presale, but already market analysts from major outlets are indicating this cryptocurrency offers 35x growth potential for early adopters.

>>BUY COLT TOKENS NOW<<

Despite its innovative approach to data storage, Filecoin (FIL) has experienced a significant drop in value. The Filecoin (FIL) value has plummeted by 98% from its all-time high of $237.24 due to a lack of user adoption. As a result, Filecoin (FIL) has been undervalued, failing to capture its true potential.

Filecoin (FIL) has recently experienced a price rejection at the $6.5 level, which means that the price attempted to break through that level but was unsuccessful and has since fallen back down.

Investors might want to seek gains at lower levels, potentially between $4.50 and $6.50, as these levels may offer better opportunities for buying in Filecoin (FIL) at a lower price point.

Yet, Filecoin (FIL) remains a promising project that has the potential to revolutionize the data storage industry. With continued development and adoption, Filecoin (FIL) could see significant growth in the future, especially if a fresh bull market arrives.

>>BUY COLT TOKENS NOW<<

Ripple (XRP) has an ongoing battle with the Securities and Exchange Commission (SEC), which might play a significant role in its future price. If Ripple (XRP) can win its legal case against the SEC, it could surge demand for the cryptocurrency and drive its price higher.

Moreover, several factors contribute to the potential growth of Ripple (XRP), including its partnerships with various financial institutions and its use case as a digital currency for cross-border payments.

At the time of writing, Ripple (XRP) is trading at $0.4948. However, with the crypto market slowly recovering and with Ripple (XRP) winning its battle with the SEC, bullish analysts predict that Ripple (XRP) will reach a maximum price of $0.961, while the Ripple (XRP) minimum price is estimated to be $0.641.

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Collateral Network is a one of a kind platform that enables individuals to use their high-value assets as collateral to obtain loans on the blockchain.

Suppose John is a passionate collector of vintage cars and owns a rare 1967 Shelby Mustang GT500 worth $200,000. However, he needs a short-term loan to cover unexpected expenses. Heres how Collateral Network (COLT) can help him.

John would send his Shelby Mustang to Collateral Network. The car would be authenticated and valued using a proprietary AI technology and stored in a secure facility. An NFT would then be minted representing the physical car on a 1:1 ratio. A 100% asset-backed NFT uniquely identifying Johns Mustang on the blockchain.

The NFT is fractionalized into smaller pieces, allowing multiple lenders to lend smaller amounts of money to John at a fixed interest rate over a specified period. Once John repays the principal loan amount and interest as agreed, the NFT is burned and John receives his vintage car back.

The Collateral Network lending protocol is unique and the only one of its kind in the crypto space. The platform is permissionless and borderless, anyone with a crypto wallet can borrow and lend. This is revolutionary in the trillion-dollar lending marketplace.

Collateral Network has got the crypto community buzzing and expert analysts are forecasting for COLT to deliver investors 35x gains during the presale and 100x once it lists major exchanges.

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Presale: https://app.collateralnetwork.io/register

No spam, no lies, only insights. You can unsubscribe at any time.

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.

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FIL, XRP, and COLT Top 3 Crypto Gainers for 2023 - Crypto News Flash

Everygame Poker Giving 20 Extra Free Spins to Players Depositing with Cryptocurrency – Benzinga

May 1, 2023 12:00 AM | 2 min read

Everygame Poker is giving free spins on four popular games from Betsoft May 1st to 8th. Depositing players can get free spins on Back to Venus, Thai Blossoms, Fruit Zen and Chilli Pop. Those that use cryptocurrency for their deposit (LiteCoin or Bitcoin Cash) will get 20 extra free spins. Players can win up to $250 with their free spins.

View or download video version of this story with preview of games.

Back to Venus is a space age fantasy where alien plants have superpowers that can lead to out-of-this-world payouts.

The exotic Thai Blossoms has a Sticky Wild Lotus Blossom.

The fluffy pink cherry orchard where Fruit Zen is played may seem serene, but with an expanding Wild that increases chances of hitting a winning combination, it's filled with non-stop excitement!

Chillipop is a sizzling-hot Mexican fiesta.

Cryptocurrency like Bitcoin Cash and LiteCoin is increasingly popular with online casino players.

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Everygame Poker Giving 20 Extra Free Spins to Players Depositing with Cryptocurrency - Benzinga

The Fox decision and Australian media control – The Saturday Paper

According to author Michael Wolff, on the night of the 2020 United States presidential election, when the Fox News Decision Desk was seeking Rupert Murdochs approval to call Arizona for Joe Biden, the mogul had a simple view of how to manage any fallout from Donald Trump: Fuck him.

Murdoch biographer Paddy Manning could not confirm that quote, but it certainly aligns with other assessments from Murdoch in the wake of the election that saw the worlds No.1 narcissist vanquished, fairly and squarely, at the polls.

The sentiment is contained in dozens of internal Fox News and News Corp communications, unearthed during the discovery process and subsequent depositions as part of Dominion Voting Systems legal case against Fox News. Dominion was asking for $US1.6 billion in damages in what promised tobe the defamation case of the century.

That was until the Murdochs, apparently fearful of what more their testimony in open court would reveal, retreated and settled for $US787.5 million an eye-watering sum for normal people but a fleabite for the biggest and most influential media empire the democratic world has ever seen.

The same fear seems to have driven their retreat from the brink of Lachlan Murdochs defamation case against Crikey here in Australia, where he was the claimant.

In the US, Trump has been Murdochs red meat and potatoes for more than seven years seven years that saw Fox Newss ratings, profit and influence soar due to slavish support for a man who did more damage to American democracy and public confidence than anyone since Jefferson Davis more than 150 years earlier.

Rupert clearly hoped that, having served his purpose for the Murdoch empire, Trump would fade away. That was wishful thinking. Just as soon as Trump lost office it became clear to the Murdochs that ending Fox Newss support for this narcissistic mouthpiece for false grievance and fake news was having a serious impact on the networks ratings, revenue and influence.

So they changed tack. Four days after Trump lost, then leading host Tucker Carlson sent a text complaining about a Fox News reporter who had said there was no evidence of voter fraud. His motive was absolutely clear: Please get her fired . It needs to stop immediately, like tonight. Its measurably hurting the company. The stock price is down. Not a joke.

Stop it largely did. As recently as March6, Carlson was telling his millions of Fox News viewers: Taken as a whole, the whole video record does not support the claim that January 6th was an insurrection.

Carlson is the kind of influential, secular, televangelist demagogue that Sky News Australias Paul Murray and Rowan Dean aspire to be, with far less success. He was sacked this week by Fox News, the fall-guy sacrifice on the altar of Murdoch family reputation, offered up to appease some of the disgruntled shareholders.

But if it wasnt an insurrection, what was it?

This question has resonance in Australia, specifically in regards to the absurd finding of the Australian Communications and Media Authority (ACMA) that Sarah Fergusons description of the Capitol Hill rioters as a mob in her 2021 Four Corners report about Fox News was emotive and strident.

Huh?

Four people in the crowd died that day. Some of the rioters set out to kill then house speaker Nancy Pelosi and vice president Mike Pence. How was this not a mob?

If anything demonstrates how out-of-date and failing the regulations surrounding Australias media are, this is it.

Australia is not immune from what is happening in the US. Our toothless, largely voluntary and, in the case of the Australian Press Council, predominantly Murdoch-funded regulators are not fit for purpose in an integrated media industry, with its immensely powerful players and their penchant for conspiracies that drive profit.

Our fourth estate is one of the cornerstones of our democracy. Our private media should be a public good, acting in the public interest. It needs to be profitable, of course, but not at the expense of trust and, more to the point, truth.

Attempts to update the public responsibilities of our media, notably the Finkelstein inquiry of 2012 and senate inquiries established by the Greens Sarah Hanson-Young, have foundered amid scare campaigns that the government should not regulate privately owned media, especially not print.

So we have a free-for-all, with something close to zero accountability.

The Ferguson example is just one that demonstrates the way in which ACMA is no longer up to the job. In fact, its effectiveness as a regulator of journalistic standards is a joke.

The Australian Press Council shows that self-regulation has become an oxymoron: Kerry Stokes Seven West Media is no longer a member; nor is Australian Community Media, which controls 140 rural and regional outlets; The Guardian has never been. The Media, Entertainment & Arts Alliance, the union that represents journalists, has announced its withdrawal.

The press councils complaints process is bureaucratic, painfully slow and so ineffective as to deny natural justice to complainants as, for that matter, are similar structures at the public broadcasters.

So, if public regulation is off the table, what is to be done?

A more effective and universal form ofself-regulation may be the answer.

There are examples from other democracies Ireland and Finland spring tomind.

In Finland, the countrys major news outlets and the journalists union have been members of the Council for Mass Media since the 1960s.

It is 75 per cent funded by news companies and 25 per cent by the government, but the news industry controls it and there are no strings attached to the public funding.

It is entirely voluntary, but about 95 per cent of all Finnish journalists are members of the council and subject to its complaints processes newspapers, websites, radio and television stations and the public broadcaster.

Decisions made by the council are not legally binding, but, according to former ABC editorial director Alan Sunderland, their rulings are universally respected and followed.

Notably, 69 per cent of Finns trust their news media, compared with just 41 per cent in Australia.

It is a somewhat similar story in Ireland.

The lessons for Australia are clear: if we have a chance of restoring public faith in our media, we need a system of accountability that readers and viewers can trust.

All this has implications for Attorney-General Mark Dreyfuss overdue drive to update our privacy laws.

If there is to be a carve-out for public interest journalism, as media organisations are demanding, there must be an accepted standard to decide who is or is not a journalist and a respected body to make that determination.

Finland and Ireland are showing us theway.

As an independent MP on a crossbench that does not hold the balance of power, the question is: what can be done to advance a priority of profound importance to the community, for all those concerned about faith in democracy and the quality of our political culture?

The answer is persistent persuasion, engaging with ministers and MPs across parliament, as I have been doing assiduously for nearly a year now, with some small but significant success.

Labor backbenchers are uneasy about the current state of our media, but none of them was prepared to go as far as supporting my motion to establish an independent inquiry into media diversity, even as they acknowledged it to be a problem.

As another US president John F. Kennedy famously said: we choose to do things not because they are easy, but because they are hard.

This article was first published in the print edition of The Saturday Paper onApril 29, 2023 as "Dominion over the animals".

For almost a decade, The Saturday Paper has published Australias leading writers and thinkers.We have pursued stories that are ignored elsewhere, covering them with sensitivity and depth.We have done this on refugee policy, on government integrity, on robo-debt, on aged care,on climate change, on the pandemic.

All our journalism is fiercely independent. It relies on the support of readers.By subscribing to The Saturday Paper, you are ensuring that we can continue to produce essential,issue-defining coverage, to dig out stories that take time, to doggedly hold to accountpoliticians and the political class.

There are very few titles that have the freedom and the space to produce journalism like this.In a country with a concentration of media ownership unlike anything else in the world,it is vitally important. Your subscription helps make it possible.

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The Fox decision and Australian media control - The Saturday Paper