We have seen series of predictions in the last three months when bitcoin had its last halving. The prices kept rising until two weeks ago.
Now that the prices are falling again, when will the time like 2017 be experienced again in the cryptocurrencies community.
That is the dream. I missed the bull back in 2017 and sadly i dont think ill still be able to grab it to its full potential if it happens. However, i am more knowledgeable now than i was back then and i belong to the group of people that believe this pandemic will make way for crypto. Tho, i dont think it will be as bullish as it was back in 2017. |
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This is actually something im very concerned about since most of my coins use ETH to trade. Not many coins offer to trade on other trading blockchain. I just hope they could find a way around this or atleast the coins would consider using other ways for gas.
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The NEO coin is still pumping at the moment. If i were you i would wait some more, wait till it subside but thats just me and nothing is really sure when it comes to these coins. Its anyones guess if you made the right choice or not.
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With all the DeFi trends on every forum, this was kind if foreseeable. After all scammers and new project makers alike will find this as an oppurtunity. I guess its just up to the investors to find out if these are legit. Best of luck.
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I would say it was the hype. A lot of people on every platform is DeFi this and Defi that. Cant be helped that a lot of people would be drawn to check it out.
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The world is into technological advancement with high and intelligent development of digital platforms purposely to help and make human life into a convenient world.
Today, DeFi catch the mind, heart, or possible even the pocket of interested persons to grab the opportunities to invest. DeFi or known as Decentralized Finance will change the world perspective with regards to Financial matters which every household own some money and do transactions.
Do you think now is the right time to call the people into crypto world?
I think even before was a good time to bring new people in. More people to join in the more the crypto market should be booming. For trading that is, however, if bringing in real world transactions to crypto i dont think we're ready. Crypto is very unstable, i dont think itll be of use with daily transactions. |
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I have thought that one key advantage crypto (bitcoin, litecoin, Dash, monero etc.) has over gold is that its supply level is fixed and transparent, but can this or features make crypto more valuable than gold?
The thing about crypto is it changes its value very drastically. Whether its for the better or the worse for you. Some days its value is really high then there are days when you least expect it, it comes plummeting down. I wont compare it with gold since i dont see gold plummeting to whichever direction in an abrupt way but if you have the right coin at the right time and you made profit, you win. |
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True ripple is doing better than the other coins these days but i wont go as far as saying that it would be the next bitcoin, its a bit too premature for now to make such assumption. The next coin that would say comparable to bitcoin should maintain a bullish run and so far, coins havent been able to do that recently.
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There are many crypto token listed in coinmarketcap and been traded in top exchanges like binance, Yobit and lDex exchange which people consider as proficient enough in the cryptocurrency market and knowing well that Eth is ranking number 2 position in the coinmarketcap, let's discuss Do you think that any new crypto currency overtake Eth in times of price value can that be possible?
I would say it is possible if these new coins can measure up their tech with what ETH is offering. Its not far off since new coins have fresh new and innovative ideas too but it wont be easy. ETH has quite established itself for a while. Id say that the closest competitor would be ripple. |
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And ofcourse number 4, the scammers themselves. A lot of people are just starting with this trade and is still learning to navigate these parts but there are still people who take advantage of people who are just trying to earn a new living. But theres nothing we can do about number 4, after all this is the internet.
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The title sound funny right. It is not news that the crypto market is booming now, I hope you are already putting every necessary things in place to maximize the state of the market now and the state to come. If you are yet to start investing in one or two promising project by now, it means you are still sleeping. Wake up and do something. I have seen a lot of post complaining about how they missed out of 2017, are you sure you are not going to miss out of this? Hmmmm.
I learned this in a very sad way. Ive been new here, i was one of those people who missed out on 2017. And still missed a few earlier last month. Ive been looking at this coin for the longest time and still somehow managed to not invest on it. Regrets. |
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I think a lot of these new projects are promising really attractive platforms and goals. But most of them arent sustainable to last in the future. Most of these projects promise goals that are attractive now but wont really work in a few years to come due to changing times. I believe that before anyone should take on a new project they should consider first if the projects goal will still be relevant in the future. To avoid the collapse.
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There have been so many posts on the forum suggesting that it is the right time to fill your bag, I quite agree but then, you need to fill your bag with caution. There are so many projects that are dead already but pretending to be alive using the bear season as an excuse for now. The team behind most of them are just looking for a way to dump on you trying to make you understand that they are working round the clock to develop the project, a project they have all the time to develop in the past but could not, now they want to develop, hmmm, what a way to full the people.
The bull run will surely expose all of them, trust me, some of them are smart enough to understand this and that is why they are trying every means to fool making unrealistic promises in order to dump on you.
My candid advice, before you invest in a project ask yourself;
1. What are the benefits of this project to the world and the future?
2. In the next 2 to 3 years, will the working product still be relevant?
3. Who is the targetted audience? Do the targetted audience really need this innovation?
These tips are actually good. I make a point to analyze and balance if the project has the capability to push through in the future. Some of these promises sounds good for now but will it be relevant in the next few years? Projects that aim to get you due to desperation will promise you the world and the now. Do the right thing and think forwards. |
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Please there's something I really want to understand about this crypto industry because at times as a newbie in this cryptocurrency industry you might get this wrong by making more mistakes in crypto. Does crypto name really matter before it become successful?
Yes. Naming your coins properly to convey what your project is about would be preferred. Its as tho just with the name alone the public will have a general idea of what you are offering. |
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Seeing the development of new projects that have sprung up recently has people experiencing a motion of no confidence in crypto. because many projects do not have good long-term prospects. they just want to get profit alone regardless of the losses of others and do not develop it. have you ever thought that
what is your opinion?
Most of these projects are dependent and are clinging to DeFi hype. After all most of these projects attach DeFi to their names and platforms. |
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The governments can't control Bitcoin because it is decentralized. It wasn't made in favour of a centralized system where one person or authority can have full power and control over its transaction. The farthest the governments can go is to impose regulations on Bitcoin transactions especially on the exchange sites.
Thats one of the advantages of bitcoin. Bitcoin after all became popular to create untraceable transactions. It was used frequently in the dark web to create transactions that the government wont be able to track. |
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Im a newbie and i have been sticking to the known coins. I dont think ill be able to dive into the lesser known coins very soon. Im not confident enough on investing to new stuff tho ive been doing my research on some projects.
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I'm just trying to do my part, I know many won't care and some don't even bother to read anymore, they are just here for bounties, here is for those who cares about reading and learning.
Stay away from the following exchanges, I have bad experience with them already and I can still see few people getting caught in same trap
1. Vindax
2. Systemkoin
3. P2PB2B
4. Latoken
Not just for fake volumes and watched trade but scams, lose of funds, swapping of withdrawal addresses, you name it, have a great day
I have heard of vindax through a friend. Tho i havent really gotten the time to check it out yet, he said it was too dodgy and too generic on what its offering, its like theyre not even trying to be original anymore, just sticking to a formula. Looks like leaning on a comfort zone type of set up. So yeah, pass. |
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Im one of those people who made a really expensive loss. It was a long time ago, a few months before bitcoin reached its highest. I got my friend in on bitcoin and that time when it went down, my friend was really vocal about his frustration about the loss. I got carried away and sold all my coins for cheap, then after just 2 months bitcoin reached its highest. I wouldve been rich for life if i hadnt sold it. Still one of my biggest regret. That was hard to let go.
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So many smart contract platforms have emerged over time, ramping up the competition for ETH. Some have claimed to be the "Ethereum Killer" (like EOS), only to fail altogether. While none have been compared to ETH in terms of decentralization and reliability, there are some projects which aim to base their development on an academic level. One of those projects is Cardano. With a focus on PoS and decentralization, it could become ETH's biggest contender in the future. Other projects like EOS and TRON may have already adopted PoS, but they're inherently centralized. Which is why, I strongly believe that Cardano could topple ETH in the not-so-distant future. What are your thoughts? Will Cardano become Ethereum's biggest contender? If not, which smart contract platform do you think it will? Your input will be greatly appreciated.  I went into this thread with a raging jab pointing out bitcoin without getting first the context but this thread is actually talking about the underdogs. I agree, cardano is looking sharp. Ive been keeping my eye on cardano for quite a while and the entire time theyre just proving that they might be a contender for some reliable coins. |
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