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All trading platforms expect the DEX are centralized. binance and co are all centralized exchanges. there are advantages and disadvantages of using these exchanges. the advantages it they charge little fees for trading while the disadvantage is that your money is exposed to exploit. you can loose your funds if the exchange got attacked. exchange might decide what to do with your funds.
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they have been the minority in everything. no withstanding. they are the bedrock of all these platforms. they are the backbone of every business. they are the minority but Not neglected. i know lot of them doing great job at the background. we can't do without them. they complete the investment cycle. they are lots of them achieving great things.
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We hope to see the market making move by August. i think the bull market that happened from December to May went to far. we may not see another such bull this year. the likely possibility of what happened in between 2018 till 2020 might repeat again. the crypto market is volatile and many trades against the News. many buy and sell against the market movement.
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Another market landslide if such happens. we might see another bear and bitcoin might slide down to 5,000 if such ever happens. the current battle between government fiscal policies that govern fiat and crypto continues and financial institutions will do whatever it takes to make sure that crypto does not succeed. i think that will affect the marketcap heavily.
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It looks like you have this project as a proposal. it looks nice. what are your plans on making the project successful. NFTs are currently sliding down the radar. you may need to look into the project and give it another shape. please provide the team, website, and others information about the project. it shows the how open the project is.
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they do manipulate the market but to a certain level. there is a certainty that most whales got liquidated at some point because no one controls the market. Also, Not all whales are equal. some has more funds than others. the large whales might has some certain control but on one Is above mistake and they might loose there funds if they fail to follow normal TAs and FA.
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Recently, the financial watchdog banned binance exchange, the number one cryptocurrency exchange from business activities in united kingdom. this comes in effect after the congratulated binance for their assistance in exposing a huge drug business that uses crypto for their transaction. i thought the financial watchdog was transparent after expressing their successful collaboration with finance to fish out the business BUT baning binance shows they already has plan of doing so.
terrible how government financial institution functions.
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You must be a Nigerian. i think that is the place where many are hustling to Join the crypto space because the current value of the countries currency is worthless. everyday the purchasing power of Naira keeps depriciating and price of goods keeps raising. also I think people are looking for alternative investment schemes and try as much as possible to avoid depending only on jobs.
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First it was Defi and many made millions. then enters NFTS and it was not as successful as it is because it involves huge resalers and copy right. i think the current trending tokwn is Meme coins. recently The popular marketer of dogecoin elon has discovered another token he banks on not minding the shibu inu token. As always floke will become huge success. just because of Elon.
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the steps i am taking is to make sure that I leverage on stablecoins. i need to trade with stable. my mistake before the epic fall was borrowing with my top token and gotten liquidated in huge amount. i have decided to borrow and pay back immediately the market makes good moves just as it is now. No need to wait for so long. don't want a repeat.
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yeah, i do recommend staking but make sure you stake in the right place. there are top exchanges that has staking campaigns on going. binance, okex and tope tier exchanges are conducting different aspect of staking. i suggest you stick with them. do not use sharedstake or any staking platform. they might disappear with your funds. there has been recent rugpulls and loss stories surrounding some platforms that offers staking services.
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china and india were among the first country to place a ban on cryptocurrency. Recently, all mining fans in china were ordered to shut down their rigs. many are moving their mining machines to another country. USA might be their destination. i hope they move into Africa. to make crypto more acceptable and valuable in Africa. china has never been in the positive side of the news.
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i have always thought that shitcoins has nothing to offer but dogecoin prove me wrong. the meme coin did a massive price pump surpassing over one billions in marketcap and created a new era in the blockchain industry. New meme coins has started to make waves. we might be hitting the meme era just like the DEFI Section. i think Defi is gradually dropping.
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