ICP is widely considered among the top coin for Web3 and they are still in their developing phase according to their roadmap. The involvement of Dominic Williams and other popular names make people believe in the project. Unlike many other projects, there already are some pilot dapps on its ecosystem. So, I guess it would be wiser to hold onto ICP, first exit point at least at 20. I'm planning to have a grid trading bot on ICP between 10 and 50 considering how volatile the price is.
The first time I search about the coin was when it hit $15 and saw people talk about it. I Researched it and was amazed about it, honestly I don't know why isn't booming yet. But yeah, the part of using grid trading bot is a plus. I also activate my Smart Portfolio Bot to make my profit in my portfolio in accordance. If the team should keep building, I think the token will be standing back on $200+ |
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Not all crypto projects are created equal, identifying which crypto token is a scam, and which memecoin is legit. How do you know which projects are safe to step into, and which projects are doomed to fall flat some months from now. The blockchain is awash with promises of quick money and easy rides. But it pays to know if the token you’re holding is part of an elaborate scam to separate you from your hard-earned cash. There are eight straightforward ways of carrying out your due diligence to avoid fraudsters 1. Start from the very basics by a. Check for social media red flag b.Check for the token’s address in a Google search 2. Check code is verified on Etherscan 3. Check the Etherscan comments section 4. Check the DappRadar blacklists 5. Check the token details in a token explorer If you cannot find the token on CoinGecko or DappRadar’s Token Ranking (or a similar coin price tracker), the token is probably a scam. If it is on the token explorer and you see warning notifications like this, proceed with caution 6. Check how many exchanges host the token If the token is only traded on a couple of decentralized exchanges (DEX), it is almost certainly a scam. Listing on a centralized exchange comes with KYC and additional trust, and the bigger the exchange the better the reputation of a listed token. 7. Check the amount of liquidity in a token’s balance pool Before you invest in a token, you may want to check general demand and the availability of liquidity. It is very easy to check a token’s liquidity on a platform like Uniswap V2 or other decentralized exchanges. 8. Check third party analysis tools Smell Test – this does an automated audit of the token. The lower its score out of 100, the more likely the token is a scam. Reference:- https://dappradar.com/blog/8-ways-to-check-if-its-a-token-scamAll your point you raise here are very valid, but for me what I mostly watched out for is if it's been listed on binance or bybit, if it's not been listed on any of it, I stay off that coin to avoid stories. That's what I do too. Is good to see someone following the same tactics. What I use is Bitget and Binance. As we all know that Binance most times they seem to list tokens late. Maybe when it has already done 10-50x they get to list it. But for the other exchange, they usually list token most often and most of the listed ones are usually good tokens. Some of which I have seen do well few days after it got listed |
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Nowhere is safe if you don’t know how to secure your asset properly. All of the issue including hacking events only possible because the victim itself use the service that got exploited. Crypto holders should have a separate air gapped wallet for their main holdings to their money for trading to avoid exposing to risk all his asset at once.
I agree with you. I believe the real or possible cause of this hacks is as a result of using main wallet for all transactions. I think there is need to have separate wallets, so that one should be for storage while the other one is for frequent transactions. That's good option to have since actually it can save our funds to get drained if we mistakenly click any link that contain those malware. But some other people think that this is hassle action that's why they choose to have one only. But in case like that, they should know how to secure their wallet and choose to have their own private key then they should never click any random especially those shortened links comes from unverified source to get away on troubles that we possibly encounter. People just need awareness about different methods used by criminals so that they can assure to be safe from hacking and scamming. It's so bad that many people get to click any link they see. I think I'll write something about this when next I talk about this topic. I'm thinking of making a part 3 of it on how we can be safe from all this drama |
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I usually do anything to ensure the safety of my crypto assets. I could do something like secure my seed phrase offline by saving it somewhere disconnected from the internet. I also like to enable 2FA on all sites where I store my crypto assets and if necessary I will do an OTP via phone call. Even though it sounds like a hassle, in the 5 years I've been on this forum I've never once lost any of my assets even though my assets are actually only a few thousand dollars if you put them all together.
You've said it all. In most of the exchanges we use, they usually ask us to do more security by giving us options on many ways to secure our assets. I also have not encountered any sort of security bridging in any of the exchange I'm using |
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I've got some money in cryptocurrency, but I'd rather not say exactly how much. I'm not one of those people with a huge crypto portfolio - just a normal guy who believes this technology has a future. Ive focused my investments on a couple of coins that seem to have real purpose behind them, not just hype. There's one main one I'm pretty heavily into. The others are smaller bets on projects I find interesting and i figure it's smarter to go deep on a few things than buy a little of everything under the sun. Who knows, maybe one of my little altcoin gambles pays off down the road. Or maybe not. Its a risk but compared to playing the stock market or keeping money in a savings account making nothing, I think it's worth it. This isn't my whole nest egg anyway - I've got other more traditional investments too. Crypto is just a part of my portfolio that I hope grows over the long run. Well see what happens.
Exactly, this same goes for me. The additional thing I do is using this Smart Portfolio Bot to keep everything in check. With it, and leverage the fluctuations in price. It's like earning more whole holding.. Holding good coins matters alot |
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This question is to help guide newbies on how to spot new gems themselves.
I believe the best way for people with small liquidity to make good money from the bull market is to invest in small cap projects before they get big.
I’ve always asked gurus( that post is 100X and ask you to join their private telegram) this question but none of them ever give a detailed answer. All they say is DYOR, I mean I’m asking because I want to know how exactly to do my research. Can anyone give a detailed explanation on how to find new projects as they are launching before they gain attention.
OP I assumed here that you said beginners should invest in small market cap projects to find new gems before going big. I can't go with your opinion because investing in small market cap projects is very risky. And the reason it's risky is because small projects can sometimes die. That's why I would say to always invest in coins with the highest volume by market cap. It is always better to invest in the coins that are listed on the best exchanges and those coins that have a lot of volume with a lot of investors and a lot of traders. Investing in all these coins can lead to finding new gems in the future. Yes, I agree with you. Coins listed on Binance, Bitget and even Bybit have always been doing well. I just wait for these exchanges to list a coin then I have like 50% chances to read what the project is all about because I believe the cex marketing should have done good research and have a reason to list it |
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Someone made 100x returns with a coin called Dogwifhat (WIF) and he bought it just because the logo was cute but in a month the investment turned into 100K due to the Solona DeFi market. This isn't the first time it has happened with random meme coin but a lot of coins that achieved huge returns went to the grave in no time as well so invest in the right coins if you are looking for long-term investment or just take a gamble and it may pays you off once in a while. To read about 1000 to 100K journey: Crypto Trader Turns $1K Into $100K on Solana’s Newest Memecoin, DogwifhatSaw an article about someone who bought COQ and made over a millions in a space on 1-2months. He made this much when the memcoin only got listed in two Cex. Something interesting about memecoins, is that when you get the right one, it will multiply your income really fast |
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Nowhere is safe if you don’t know how to secure your asset properly. All of the issue including hacking events only possible because the victim itself use the service that got exploited. Crypto holders should have a separate air gapped wallet for their main holdings to their money for trading to avoid exposing to risk all his asset at once.
You will lower your chance of being scam by using your wallet frequently online instead use a separate wallet that contains part of your funds to connect online frequently.
Yes, this is plausible. Among the cex I mentioned about their hacks. Bitget wallet wasn't really hacked per se. It was through the link users clicked on one group like that. That made the hacker have a way into their wallet. But the issue was resolved and affected users got compensated. This happened when the wallet wasn't bought by bitget yet. I think you've given me an idea.. I'll likely have a part in this diffusion and discuss how people should avoid getting affected by hackers |
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You can't be wrong about this, but first, why are these posts in the altcoin section of the forum? They are better in the main section of the forum to gather more recognition and reading, even as it's the right place fitting for this post. You might want to contact a moderator to help you move them (including those in the links attached) to the right section.
I also do not believe that this topic belongs here, I think it would have better fit in the cyber security sub board if it were created. Maybe, it will be nice Op send the topic where he made the first topic about no place is safe. Actually, the cryptocurrency industry is full of risk and the best way to avoid being hacked is to avoid people knowing you own bitcoin and the wallet you have. That's true. You might be able to avoid your people knowing, but you can't avoid internet knowing. So, the best option here is to use an exchange that you know is working well with securities. I'm familiar with cex especially those two I mentioned in my link. Those two securities a top-notch notch that's why I prefer using them among others and always get updated with their protective funds and reserve ratio |
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You know what makes me confused is that the coin came in has an airdro, so I can't pinpoint if it is worth to be an alt or not. Unlike other coins I know they started as presale or just launched in exchanges (like Binance, Bybit and the rest) I could easily just know whether or not if this coin would yield something tangible in the long run. Because they don't have any hype, I can't say the same for JTO. What do you all think?
This token JTO is not looking long term project and current hype is just due to Solona trend. When Solona trend will over or start dulling, Jto will extremely start dumping. SOL projects are performing well now and JTO is first best project which listed in big exchanges recently. All airdrop token already distributed to the winner wallet and there is no bad news so might be best investment fot short term. E two or three months. Yeah, I'm already looking into other coins that are listed. I can see the difference. people don't joke with their real like they do with free money. Coins like ZERO and MUBI are something I might look into as a long-term |
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So, from the article, https://www.bitget.com/research/articles/12560603801825Several coins that did well this season got mentioned which I believe is kind of seem like it due to the season we are in right, and already have some like (Eth and Link), but this coin, JTO has gotten my attention not just the coin alone but the massive airdrop and some ongoing giveaways is what is attracting me to the coin. Aside from that, the features behind the project as well fascinates me. What do you guys think about this project? Do you think it will be good for a long-term holding or is it just the hype around it that is making the coin feel this important. You know what makes me confused is that the coin came in has an airdrop, so I can't pinpoint if it is worth to be an alt or not. Unlike other coins I know they started as presale or just launched in exchanges (like Binance, Bybit and the rest) I could easily just know whether or not if this coin would yield something tangible in the long run. Because they don't have any hype, I can't say the same for JTO. What do you all think? Edited; so you will understand my speculations Maybe if are solely interested about airdrops for using Solana, then, just maybe. But otherwise it' a weird question. Like a question that are erc20 or Bep20 tokens worth it? Obviously most of them are not, just like most of SOL tokens are not. You are just trying to ride with the trend and use blanket for everything sol related. Some of them have made me money. But not because they are sol. But because i bought early and sold when they peaked. It might have gone to a different route, and I would have just lost money. Yeah, I see what you mean and to be frank, I do that a lot and with this airdrop I think you're making sense with this hype here. Probably that must be the reason behind this JTO pump. Then looking at MUBI another coin in SoL ecosystem, I have seen how it is growing organically due to its features. So, I think when a coin comes in not just an airdrop, it makes much sense when it pumps |
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I said it, if we are in this cryptocurrency ecosystem, our first safety comes from us. No matter what you want to use, there are times when what we believe is the safest won't be the safest.
exactly there are people with bad intentions everywhere we should never be complacent when it comes to making sure the crypto we hold is safe whatever system you use, you have to maintain a certain alertness still Yes! Especially the system we chose to use is improving daily in their security. I have used like three exchanges and just one dex and can say among these three, Bitget and Binance are really improving in their security. As for dex, I have only used Trust wallet so far |
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You can't be wrong about this, but first, why are these posts in the altcoin section of the forum? They are better in the main section of the forum to gather more recognition and reading, even as it's the right place fitting for this post. You might want to contact a moderator to help you move them (including those in the links attached) to the right section.
Well, there is no total security in the crypto space, I will always say that, but there are layers of security which I would like people to always consider for the protection of their money. Those who have huge amounts of money will always need offline wallets and so on, after all, they visit the internet not often, especially if they are to be held for long years. While others in terms of exchange, there is no way the DEX will not be better than CEX, but still, as you said, nothing is hidden under hacking, and once they know the domain server itself, it's all done. This applies to any system whatsoever and the most protected assets in the world inclusive.
This is why some hackers smile when you say a thing is unhackable, they might trail it for years until they find the weak point to act upon.
Wow! Is that so, I never knew of such. I'm trying not to break any rules that's why I feel posting it here is better. I'll contact the mod right away... I don't know but I think cex might be better in a way if we don't look into the centralised aspects for a second. Now, we know how coins are getting listed every day and everyone is eager to make money not minding what link they click on as far as they get what they want. Same can't be said for cex. You don't need to click here and there and avoid giving hackers your information |
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it is indeed worth it to hold, these recent bullrun going on have been somewhat also fixated on solana with many of the token inside the blockchain also gaining massive increase not to mention the new emerging meme coin that suddenly become popular in solana and also added with the fact that there has been so many defi that did an airdrop and turning out to be massive airdrop also I think its good to hold solana, just see whether you are entrying at the peak or not because it will might significant difference in the long term because as i've seen this coin has risen quite high already so I don't think it will be a good thing entrying right now but honestly the future no one can know, the coin can be already priced really high and still can do rally in the future.
whats important is that, you can just join some of the airdrop by interacting with several smart contracts project in the blockchain maybe you can get profit from that instead, in my opinion this coin worth to hold if you've bought at lower price point to be honest.
Yes! That's indeed true. All coins in Solana keep getting to ATH. This exchange I shared with y'all where normally her my insights do have all of Solana tokens listed. So I just keep buying except this Airdrop ones I have been sceptical about for a long time now. Did you also know that Binance recently listed Bonk and it added to the reason why Bonk peaked |
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Alts are all the same whether in Eth ecosystem or in Solana, the most important thing is its usescase and the developers involved, Jito Network has huge funding from VCs so it can compare to existing new tokens from airdrops like arb, aptos, they are all collected millions of dollars, the most interesting this bull season is most Solana based projects are pumping, even memes so its a good alternative to eth because of high transaction fees.
I see, no wonder all coins under it like Bonk, pyth, Zero (which is already trading live now) and so many others are doing well. Long before now I always thought we were in the bull market where Alt automatically pumps because is their moment |
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I found with many Solana token worth with higher price regarding from airdrop project, last time have JTO for staking SOL coin on the Solana platform and each participants can earn above $200 regarding with minimum 5 Sol coin staking. No doubt with how many potential with Solana coin network currently with Solana moment come back today after Sol coins success raise to higher price. After JTO success listing on many top exchange I think in near future will launch many new Solana network coins with potential growing up for the first time listing moment.
I don't think worth for long term investment from Solana coin network are launching from airdrop or staking project, just short investment only is not matter but I doubt with long term investment will keep on the stable higher price or not.
Yes man! That was my confusion because I hardly see Airdrop tokens getting high at it's peak but from Solana ecosystem seems different.. I'll try my luck with this and see what changes it will bring then I'll look into other coins that are developed under Solana's ecosystem like this recent one called Zero which got listed few hours today |
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Looks like you are not really asking about Solana or anything here but to advertise Bitget? but given the fact you asked about Solana tokens for long term then I believe it is not best interest , like what other said tokens are not good in long term instead mostly Pumping and dumping or some for waiting semi long term.but it is rarely to happen because majority of tokens have their time to grow and when it started dumping? it will stay there for long time sometimes even died after. Maybe you should have checked and see that it was daily news, which can be helpful to others to know what's happening in the market. Among them was JTO which was why I highlighted it |
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Any coin or airdrop project that one can't invest for a long term goal then it is not a cryptocurrency but Ponzi Scheme. And any coin in which Binance has listed it in their site means it will run long. So it is good to invest in it because you can even use p2p with Binance. You can sell and buy. All the coins in these season are on the bull market but today as Bitcoin price comes down every other coins prices are coming down. Even though it came as airdrop if it is doing well in the market then you don't have to be confused and fear but invest in it but remember the risk involved.
Yes, I usually notice and come to think of it, most coin binance list does well but they seem to list majority of coins late. |
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Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average. You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past.  There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit. Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the differednce in our profit-making. Yeah trading is not for everybody that is the reason exchanges come with different tactics like bot copy trading, that enables any one who don't know how to copy or create their own trade. |
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