Binance is showing zero balance for most of the users. If this does not got fix quick, it can give heart attack to many of us   Actually don't get panic. The Binance is a good exchange, may be due to some technical problem. Their may be zero balance, surely it will rectify soon. Hold for now and don't send a money to any support people. Some may try to scam by saying they are support people and send money to rectify such issue. |
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If doing it full time, starting from let's say $10,000 to play with, and btc being in between the same volatility now and how it was about a year ago when it was at around 6k..what could you net a month, realistically?
Two things are important in trading. Don't panic at any moment. When the price increased to some high. Don't sell to get a less profit. Instead hold and get huge profit from it. Secondly don't buy when the price increase to the high value. |
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Now it's hard to inverse in bitcoin. I had seen many exchanges, their the buying price of bitcoin was increased to huge and even in website like localbitcoin. The traders had increased the price of selling their bitcoin. So if we buy now, we are forced to buy at high price. Just hold at this situation.
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When their is a need, their will be a research. Nigerian had huge number of people who is youngest in age.So most of them are educated and may be a unemployed guys. For that reason the youth population get into crypto works for sure.Because every one need money to survive.
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I am so curious that many people do not know or research properly about bitcoin and many other crypto assets, they only know little about them and dipicting them bad to people. Normally, there are two types of cryptocurrencies in term of psuedonymity and anonymity, they are: 1. The ones with public ledger which transactions can be seen by everyone on blockchain. Example is bitcoin 2. The ones that are are completely anonymous in which transactions are not designed to be tracked I believe people that know about cryptocurrencies should focus on these while saying cryptocurrencies are used for for terrorism financing, money laundering and drug peddling. Although, pseudonymous cryptocurrencies can raise a concern but not like anonymous coins, that is why some exchanges are delisting anonymous cryptocurrencies, because their transactions can not be tracked. The International Monetary Fund has called for caution in the use of cryptocurrencies, describing it as a concern. It disclosed this during a virtual briefing on the recently published 2020 Article IV IMF Staff Report for Nigeria. The Resident Representative of IMF for Nigeria, Ari Aisen, said the concern on the use of cryptocurrencies was why many central banks were cautious about the development.
“That is why some central banks, not only in Nigeria, have these concerns about what kind of activities these cryptocurrencies are put and how best to monitor those activities.” Aisen noted that some of the activities might be illegal or related to money laundering and drug peddling. Is the above quote meaningful? I do not see it meaningful at all. Some people are not concerned about privacy and make use of exchange for crypto purchase, while many providing kyc all because exchanges are making it mandatory to do. Many people do not like exchanges because they are making people not to have privacy. Is it not proper for the government to have laws that will make exchanges be able to track crypto transactions rather than banning it. That is why I like countries like USA that do not ban cryptocurrencies but regulating it. As fiat is, it is most used in all these (terrorism financing, money laundering and drug peddling). Central banks that ban bitcoin only encouraging p2p. Before it was hrd to track the flow of cryptocurrency. Byt now it was in different manner. By using the Etherscn.io we can almost track the flow of crytocurrency. May be we can't find the address link to which person. But if you know the address of particular person, we can easily find the incoming transaction to the address . |
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Have you ever seen a developing country lead a technological revolution? I have not seen it happen; they always take the back seat of every revolution.
But, there is something special about Nigeria; it is a country that has what it takes to lead the cryptocurrency revolution.
You may be asking how I know this. The answer is very simple. The youth population are very active when it comes to entrepreneurship and digital activities.
Here are three examples;
1. They used Twitter, Reditt and other social media to mobilise resourses and people during the #EndSars protest.
2. The is country leading the Crypto transaction in Africa is Nigeria by Google trends ranking.
3. We have some digital entrepreneurs in the crypto space with interesting innovations.
Well, as Elon Musk said that “he was late to the bitcoin party”, but we have seen that he was not late to the party, if Tesla invested $1.5bn at $38K/btc into btc and it current price is above $50k/btc, do we call that lateness or first mover benefit?
With the way the Nigeria government is regulating crypto transaction, will the country be late to the btc exciting and rewarding party?
May be the Nigeria youth population ranked second nexy to that of India.Now the resolution was happening in the country with such youth population. If this two country used the youth population in correct manner. Both of this country will reached the developed country status. |
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... how many coins could be mined in a day on a standard home PC? I saw a guy being interviewed on a news channel the other day about Bitcoin. Assuming he's telling the truth, he said he stumbled across Bitcoin in the very early days when it could easily be mined with a basic computer. He said he was easily mining up to 50 coins a day but, given these were very early days for crypto, he didn't really know what he was mining (as in what they could be used for, potential value etc) so he placed no importance on it whatsoever. So much so, he didn't retain the keys for many of his earlier coins  He said he got back into it a few years back and is now a lot more careful about the crypto he has. The guy could very likely have been a multi-millionaire by now. Not sure if he's mining these days (doubt it) or buying/trading. I find it surreal in a way that you can be sitting today deciding 'do I buy 1 coin for $50k?' whilst only a decade ago you could have been mining dozens of them, essentially for free, on your home PC! Yeah I know that's all with the benefit of hindsight, however it makes me smile nevertheless. I wish I'd stumbled across it 10 years ago! Everyone like to go back to past to change something happened in their past. After this 50k$, mostly people will wish to go back 10 years and buy bitcoin at least price and back to future to sell at high price. Mining need a separate setup to mine bitcoin. |
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IF this is not the first time she is making such mistake and losing profits then she didn't learn anything from past trading experience, as a trader it is always important to make sure that profits you made are safe that is why most people convert their profits into stable coin before the prices crashing out.
This strategy used by many traders.Learn from the past is important one. Because by the trading experience we can learn, when to hold. When to sell, so past experience plays a vital role in the trading.The traders change to stable coin inorder to save loss. |
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In trading we should learn from our mistake and not from other mistake. Because the mistake done by us and other won't be the same one. Secondly if you find the mistake, it mean you are learning. Once you completely learn of trading, you can avoid of panic selling. Patience is essential tool of trading.
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When you hold it for longer period, you get good profit from bitcoin.Only sad news is the withdrew fee of many exchanges from 0.0005- 0.0008 btc which is almost 18$- 29$.The withdrew fee of Binance is 18$ for now.So the people worry once they withdrew from binance to fiat converting exchanges like Localbitcoin.Due to the current bitcoin price, the withdrew fee also increased a lot.
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I prefer trading than investment. But both ways can give us the profit, but I think trading can give us more profit than just investing because we can analyze many altcoins, including bitcoin, to buy low and sell high. But before you do trading, you need to learn the basic lesson about trading and search for more lessons so that you can analyze the market.
Trading was best option then investment.The profit of investment is based on the project.If the project is scam or bad,surely your investment will get into vein. But in trading,you can hold at the dump time and sell at the good time.Surely you get profit from it.You can learn trading by practice. |
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How to determine the value of cryptocurrencies in general? Especially considering the aspect that all altcoins are somehow dependent on bitcoin.
Thus, they do not have their own value as it should be, their entire value is dependence on bitcoin, which means that all altcoins are overvalued to one degree or another.
Mostly the price of all altcoin including ETH was depend on the value of the bitcoin.When the price of bitcoin had reduced same will reflect on the price of EThereum,litecoin,Ripple and most of the altcoin in the market.So the price of bitcoin will determine the price of other altcoin. |
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Suggest me best altcoin in this bull run. If you have any idea which best coin, so you can drop your idea.
Ethereum is always make a noise in huge crowd.Because it had a huge supporters and many transaction need of Ethereum all the time.Many time people predict of 1000$ for the Ethereum and it was only reach in this bull run.No one can say no to this thing.Invest in Ethereum is all time best option. |
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Never buy a new coin for long-term investment because it is true what everyone says if many new projects are dead you should not waste time just for new coins, it's better to do research on market analysis of popular coins
For now, I agree.Don't expect so much from new coins. However, choosing a coin is of course by looking at its quality. To be honest, for the time being.I chose ethereum in the altcoin range. I think the development will be very good if we relate it to the development of ethereum 2.0 |
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I'm pretty sure they will hide it, or will tell stories when they have success like "this also needs a struggle" or "at first I was also having a hard time". In trading, losing is not a secret anymore, even professional traders will experience difficulties when prices become unstable.It's like successful people have their sad stories, but we only know them when they have success. Trading is something that is uncertain, losing or winning it often happens.
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In fact, we all cannot guarantee that a project will succeed. Maybe some people here have more scam experience than you know. We also can only research and guess that the bounties of the projects we support will be successful, and legit. You only need to try again, do research, and so on. Until now, quite a lot of ICO / IEO has been worked on, you can go back and choose one of them and try again.
Besides, if you want a definite payment, make sure that the bounty you are working on already has a market.Only the drawback of that is having a not-so-large fee.
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if there are only two choices above, maybe I would personally choose Doing an IEO in exchange for but a flat public response rather than a bullshit exchange but the public enthusiastically welcomed it ... why? usually the IEO at the top exchange still has a chance to get good results but in contrast to bullshit exchanges, most of them are just scams. the people who welcomed him were one of the scamers.
Probably happened most of the time, scammers pretend to be the buyers or the one who are supporting the project inside shitty exchange, making things believable from investors eyes. It's better to take the risk using top exchange even the response is in Fiat the chance to grow and success is much higher than shitty exchange where the chance of being scam is high too. The most important thing to remember is that a popular exchanger will not choose the project blindly. So that their reputation remains good, they will certainly choose projects that have interesting concepts and trusted team. So, even though it has a flat response, I think it is indeed far better than choosing IEO in a bad market. |
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I think currently using prices under $ 8000 is indeed very appropriate. if you already have bitcoin at a price below $ 8000 and are still holding it in until now, that's how to use the dump, and pump bitcoin in the near future.
in fact, some people have discussed that the price below $ 8000 is very appropriate to benefit for now. seeing the future development for bitcoin is quite promising, I think if you want to take advantage of crypto in the near future when the price of bitcoin goes down, it might be an opportunity to buy it.
The very basis rules is always buy at the bottom and sell when you already achieved your target. The pump and dump happened after big news being broadcast, most of the time people panicked when they've heard bad news about this market while if there's good news that spreading expect to experience good market movements. You can take advantage when you understand how to handle those news, and how will you act according to what the market is bringing to your investment. That is a basic rule that is very difficult to do, even when we have seen prices below $ 8000.It is quite difficult to buy them because of doubts and so on. In following the rules, we need to fight the doubts we face.Sometimes theories are easier than do that. |
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I think currently using prices under $ 8000 is indeed very appropriate. if you already have bitcoin at a price below $ 8000 and are still holding it in until now, that's how to use the dump, and pump bitcoin in the near future.
in fact, some people have discussed that the price below $ 8000 is very appropriate to benefit for now. seeing the future development for bitcoin is quite promising, I think if you want to take advantage of crypto in the near future when the price of bitcoin goes down, it might be an opportunity to buy it.
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