After scammers ruin ICO in 2018 and onecoin and bitconnet became the biggest ICO fraud cases I thought things will atleast adjust for the better, things looked more promising when IEO took over and became more popular thanks to binance and other top exchanges performance but 2020 is very different, DeFi became a thing and once again scammers have the freedom to operate, something very identical to ICO freedom. All in the name of Decentralized and DEX, Uniswap for example, scammers are now roaming free...
1. They find uniswap as better haven to sell clone tokens
2. Even hacks are happening around DeFi projects almost every month now.
why is DeFi platforms more easier to hack? Or are developers the real culprits hacking their platforms themselves? DeFi failure will forever be a stain in crypto history
There are still vulnerable code that's not yet discovered and some features are still having backdoor. The defi platforms are not a perfect platform and i believe it's still experimental platform that needs a lot of upgrade. that's why there are lots of defi platforms were getting hacked these days. They lack of regular audit. BTW even audit will not solve this problem. |
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Thanks guys for the reply. How about Verge ? Don't you think it's better the Monero ?
Also regarding Monero's security being compromised, do you think it'll affect its price ?
Thanks
Verge was a crap coin and its chain has been getting hacked so many times. I guess you should never use verge as an alternative crypto for monero. As far as i know komodo should be also on your rader as an alternative solution for the monero coin. It will not affect the price of monero. We don't know how exactly it will be compromised. |
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FYI if you are wanna spending a few minutes to search the simillar topic with this one and there were bunch of similar thread already created.
Bitcoin is bitcoin and it will never be replaced by altcoin. It will never happen. The original coin that brings the new system called blockchain.
Altcoin was getting forked from the bitcoin too.
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I also participated in ZEEDEX Bounty. Neha11 locks the bounty thread in 2 days after the Zeedex bounty starts. Then open the thread again after 1 day. 1 day after opening the thread locks the thread again. Neha11 has not clarified why the bounty thread was locked. His telegram group restricted. I think Bounty Hunters should have updated Neha11 about Bounty. He has shown his irresponsibility here.
Im not sure that nehe will give a response to the bounty questions. The team said that they have not been running any bounty and it's clearly stated that the team will never pay the bounty. Someone has asked it to the team and the team said that he must ask neha about that. The team and managers were scammers. |
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Similar to the centralized XRP, I think BNB is better because their project clearly has a high real use case. centralization is not bad for investment, but perhaps for its use. so long as it can make you profit, why not?
BNB is better but ethereum has more potential compared with BNB. i think that centralized or decentralized don't matter a lot. As long as such coin can give a lot of benefits to the owner or token holders and why not? BNB gives various benefits while XRP gives nothing. Ethereum will try to give benefit to its holders to be able to get the reward from helping the network too. BNB or ETH are still worth to invest. Both have their own advantages and disadvantages. |
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We will have to see after their schedule fork though, XRP is very volatile and we might see holders dumping it as soon as they good their free airdrop token. Specially if the price of XRP is around $1.x or even more during the fork. So I doubt that it will break it's ATH before the end of the year, it's simply on the FOMO stage right now. The real test is after the fork so stay tuned and see how everything will pan out. If it's going to touch or go to a new ATH, its probably next year.
Breaking ATH is a long way to go for XRP. It needs massive development from their end to push thru that price level. Yes, even at $1, I believe at lot will be selling their stash. However, if XRP team will continue with their partnerships around the globe, they can sustain the increase of its coin. The old ATH of XRP can be broken when ripple foundation told all of its partners to buy XRP. It's quite difficult to see XRP can reach another ATH again. We will see what will be happening when the snapshot has taken whether the buyers will be dumping their ripple coin or not. As far as i know when the airdrop snapshot has taken and it's quite difficult for coin to defend its price from the dump. We have learned from some coins like BCH and tron. |
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XRP must be considered a stable coin
XRP must be considered a stable coin to better understand this project. There is much hype which is not good as investors are putting their money on this project which is having no future except that it is a medium of payment. I think the much better investments are tezos, neo, eth at this time.
I do agree with it. So many people were blindly buying XRP due to the spark token airdrop. I have asked some of my friends about whey they were buying XRP but they said that they wanna try to bet on the spark token. XRP didn't have utility usage. When xrp can be classified as a security coin and it didn't even give passive income or benefit to the holders. This coin like a coin that has no usefulness. Those smartcontract platforms are much better than this coin. XRP is overvalued at this moment. |
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Correction, my opinion is this reason. It is impossible that price up endless . it needs pull-back, and stabilization, for the next wave of pump storage. This story happen again and again, but what point correction, nobody knows.
The correction comes to its end. The bitcoin started to surge again since yesterday. The stabilization of crypto market has come to its end too. More fund management platforms from US have bought more bitcoin again. That started to bring the crypto users the hype again to pump bitcoin. There are bunch of good news come this day. 20k looks like to be achieved by bitcoin next week maybe. |
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Cardano is now over $ 0.1, and is likely to break the resistance at $ 0.2 and be ready to fly to $ 1,
this is a good chance for us to buy ADA and hold on until the time comes!
ADA is not so strong at this moment and the growth of ADA was getting affected by bitcoin. The price was only getting slightly increase but ADA seems not getting affected by the correction that's happening with bitcoin. It's quite difficult for ada to reach 20 cents until the end of this year. Im not sure ADA will break its old record again. |
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It's inevitable as XRP has already increased over 100% and not only XRP hit $1 mark but also break its previous ATH but it's bit early to predict since the value of XRP has been tending between $0.6 to 0.7, it needs to break this barrier in order to speculate further growth, need to observe XRP film the end of this month's. If Ripple crosses $1 by the end of this month the. It will surely March towards new ATH.
I see many predict XRP growth until the end of the year, but in my opinion this will not happen. Perhaps our expectations are exaggerated. We will never know until it happens. This growth is possible to continue or maintain until the end of the year or just decline. The outcome is possible to be seen once the airdrop will begin, this will surely affect the market. It is just that, we do not know whether it will give a positive effect or a negative effect. But this is interesting. What airdrop are you talking about? It will be for certain people or for everyone. He was talking about this airdrop https://flare.ghost.io/Spark airdrop will begin soon and XRP holders will get free token in 1:1 ratio. People have tried to prepare for this even buy buying more and more XRP. As long as you are XRP holders and you will be eligible to get your reward. You must read spark FAQ and this is could be the next profitable airdrop. |
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So finally it is launching as centralized and controlled usd backed official coin, it was always expected that govt will take over the project and that is why there was so much buzz around it now my excitement for libra as global decentralized coin is over. Im not sure that libra has already taken by the government. FINMA gives no comment about that. That means libra is not even controlling by the government but it's likely that libra will be fully controlled by the facebook. There are some parties have developed the unique wallet for the libra stable coin. It's a very interesting news. We should be waiting for the further announcement. |
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From what you explained that if there rumour about the pump of ripple caused by the spark token airdrop was true. The partnership of ripple with bank of america could not be considered as the main reason but those people were blindly buying to get spark token without know about what it is.
That sounds if we are going back to the 2017's pump when people buy everything without having enough knowledge about what they have bought.
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BTC made correction so , is it right time to buy altcoin  Yes it is and why not? at least you must try to buy some coins even if that was not a lot of amounts and it's worth to bet on the crypto that can recover anytime. More institutional investors were coming to the crypto market and that could be the main reason to bet more into the crypto. There will be massive adoption too. |
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After this news the value is now falling, seems that institutional investors are cashing out and enjoying all those profits after newcomers That news doesn't matter a lot for XRP. The investors were liquidating their XRP caused by the panic sell that happened with BTC. It's not only XRP but ethereum was facing the same trend too. Bitcoin was dominating the movement that happened with the major coins. If bitcoin will be recovered to the 19k again and the price of XRP will be doing the same thing like what btc does. This is the point. |
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It's too far to think about the war will make crypto disappear. it looks like you are thinking about the theory conspiration will be something that will disrupt the world especially the technology.
The crypto will die when the internet can be shutdown. lol .
I don't know who can do that even the ban for crypto have been declared by various countries so many times but it's still alive.
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This madness will never end until there will be a new implementation through forking ethereum chain to increase the scalability of ethereum.
We have expected this to be done through ethereum 2.0 and yeah that looks so crazy to pay a few dollars for a single transaction. The traffic was getting so crowded caused by people were shorting ethereum market.
The flash dump that happened with bitcoin was giving a huge impact to the panic sells that happened in ethereum too.
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some people would think Litecoin pump is over. or Litecoin doesn't worth more.
Litecoin is third best crypto coin, after Bitcoin and Eth.
Is not it ripple even better than litecoin in term of scalability or to be a payment system? I don't agree litecoin was the best crypto after bitcoin and eth. Litecoin offers the same thing that offered by a bunch of major coins. These days we have a bunch of payment system too. The latest announcement of litecoin is also bring nothing to the price. that's proven if people are not interested anymore with it |
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I couldn't catch this airdrop because I had a financial crisis at the time so I couldn't trade from uniswap. Also I have received some sky-high information that they will give new uniswap users one more such opportunity. but it will take time.
I have also the same problem as you mate, financial problem stop me from trading, if only i knew that airdrop, well i will make a way just to trade on uniswap and get that 400 uni that will help me in my financial needs. Dude, you didn't even need a lot of money at that time to trade on uniswap and got the uni token. You need only a few dollars and you can participated in the uni airdrop but it's too late as everything has ended. So many people were getting thousand or hundred thousand of dollars. |
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I check DeFi projects on the coinmarketcap website. I think it is important that the contract addresses of projects should be added to the website too. If a project doesn't have that, then there is a possibility that it could be scam.
Even if that was fully verified didn't mean the contract will be free from the backdoor created by the developers. The contract must be fully audited especially with the experts. There are possibilities for defi project to use the destroy function to its contract. That will also allow the forced tx to happen and the contract will do a self destruction. Code is the most important part. |
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Do you think Youengine project has failed ? I don't think so, we can see the token price is rising and the volume is good.
There are some buy wall order on coinbene and bitforex exchange, which are good exchanges for YOUC token.
Additionally, they will add more exchanges in December, so i think we can't say yet now that Youengine has failed.
Agree, even though I didn't take part in the Youengine campaign, you could say YOUC has a pretty good volume on both exchanges. In my opinion, both exchangers are good and I have experience using both exchangers and I think they are quite satisfying. Is those exchange provide good volume? YOUC has very low volume, which is very disappointing. Immediately need a big volume exchange to see it’s base price $0.1 Once YOUC list in a big exchange the price will boost. I think the trading volume depends a lot on YOUC tokens, not on the exchange. If the tokens don't sell well, even if they release on Binance, the volume remains zero. How can you say that when this coin is not yet even listed on the binance exchange site? that means if you are only randomly predicting about that. ANy coin that was getting listed on the binance will get instant daily trade volume. Binance was an exchange site with more than 35 billion daily trade volume. I think that it's too early for you to say like that. |
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