For the past few months, there is already a lot of competitors for Chainlink is a decentralized oracle network, especially on different chain networks.
But I do believe chainlink will still grow especially it will support multiple networks.
Multiple chains are very good specification of Chainlink that will help the project to get more acceptance by other projects and communities. Multiple chain, cross-chain will be one of hot trends and will be one of things people consider for their investment or deployment of their projects. The best thing to do on Chainlink is to use a higher timeframe and zoom out. I don't see any bear sign for Chainlink. More sideways are still expected for me on Chainlink. Nothing to worry.
$20 is the strong support for Chainlink.
The Chainlink is on the rally and with altcoin season it will climb up to about $50 at least. I am positive with the altcoin season and the rally for Chainlink. Your analytical insight is nice. |
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El Salvador are doing first steps to bring Bitcoin to more nations and have more bonds with governments. In the near future I think small countries will have more interests and real activities to follow El Salvador.
The next stage is the responses from traditional agencies and foundations. It will be another important phase because it will be a boost or a barrier for further growth of Bitcoin legally. I don't think this phase will be finished too easily but let see.
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Certik is one of the most trusted audit firms on the blockchain. In general, investors check whether there is an audit on new coins and invest accordingly. In my opinion, I think it would be better if several audit companies audited the projects instead of a single audit company.
Besides Certik, another security blockchain audit company is Techrate.org. what do you think, are companies like certik enough on their own?
I mentioned about that audit from Certik or any other company is only evidence that smart contract is peer-reviewed and can be safely. We can not know it is totally safe. We only know it with time and real operation of a smart contract. Smart contract safety is first and important but the quality of a project depends on core ideas from which it was born and not related to the smart contract safety. So smart contract audit is not enough. Look more at White paper. |
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Certik is very famous in blockchain industry especially in security. Here is the description on their LinkedinCertiK is a pioneer in blockchain security, utilizing best-in-class AI technology to secure and monitor blockchain protocols and smart contracts
Most of projects nowadays are run on smart contracts and if smart contract is hacked, that is terrible for not only project but for all investors. Therefore investors will look at security audit from company like Certik to assess projects before they do investment. It is about security only, not about quality or potential to grow of a project. |
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A decentralized exchange with owners and core members are well known by the community, governments are never truly decentralized.
With regulations and law enforcement from governments, they can be shut down any time. We never know what government will do with crypto exchanges.
I meant a decentralized exchange only really decentralized if it is decentralized technically and their team members are anonymous like satoshi.
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axie doesn't run on ETH but on Ronin which is another chain there are no fees there now and fees will be really small when they implement the new system in a couple months you can read more about it here: 👾 The Great Migration- Ronin Phase 2 is live!The migration to Ronin is very well strategy of Axie Infinity because they can not totally rely on Ethereum and Vitalik for their products. Axie Infinity grows too fast and it has huge marketcap after the institutional investment from A16Z. That is a huge boost for Axie and they have to do something to become more independently to Ethereum network. Ronin is still on ETH network but its fee is cheap and opens for more growth, bridges, migration, etc. https://a16z.com/2021/10/05/investing-in-axie-infinity/ |
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Of course, the only way governments worldwide will be able to control 51% of Bitcoin's hashrate is if they unanimously agree on using Bitcoin is a "One World Currency". This may all sound crazy, but we cannot ignore it from happening in the future.
They can if Chinese government, example takes over all the hashrate from miners in China. I don't think it will happen. They can not do such thing in dark ways and don't let the world know about that. They will slap on their faces by doing this. However I don't feel surprise if governments in nations that are sanctioned like Iran, North Korea have run Bitcoin mining farms. They have nuclear power and the Internet. What they need is ASICs and here they go with Bitcoin mining. What you ask is not impossible but I don't think it will happen in near future. Moreover, if it happens, we might see reaction from the community. Governments are always behind the community with creative idea. |
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Play to Earn games on Ethereum network can fail because the network requires too expensive transaction fee. Nowadays, projects can deployed and bridged to other blockchains in order to give users cheaper transaction fees.
Play to Earn, the name says it. Gamers can not spend $10 for a click when they play and even don't know they will win or lose after the click. Transaction fee on ETH network is painful for gamers.
I don't think Play to Earn will fail all. Some of them will keep existing on the market and growing more. Like Axie Infinity but they deploy their Ronin to resolve the expensive transaction fee issue.
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Price is decided by the market. It can be decided by supply and demand but can be changed by manipulation, news, big transaction from old address.
Generally, a single transaction can not change or affect the market too much. But if it is a big one or comes from satoshi address, and is shilled on the news, social media, the effects can be very huge.
So it depends on what type is a transaction. Without its quantitative value, its origin, we can not guess about its effect.
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Unfortunately, I have some ERC20 tokens that I would like to sell and the fee is absurd, most of the time the Swap is more expensive than the total value of the tokens. Is there any way to convert the ERC20 into BEP20 or another protocol, is there any such service?
You have no choice now. Accept expensive cost from swap, transaction fee or simply hold those tokens. Wait for any upgrade from Ethereum that can reduce transaction fee on its network very considerably. If your problem is low value of your tokens, and if you swap them, transaction fee will eat up all the value, the best choice is hold them and hope that they will rise up in value as well as transaction fee on Ethereum network will fall down. Or they will be deployed, bridged to other chains with cheaper transaction fee. |
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You need to have non custodial wallet to store your Bitcoin. You can use DEX or CEX to buy, trade and use crypto. If you are restricted on CEX, you can use decentralized exchange like Bisq: https://coinmarketcap.com/exchanges/bisq/If exchanges require KYC, you should finish KYC then you can start deposit your money and trade. If you take risk, deposit first before KYC successfully, you are taking risk because if you fail finally with KYC, you can not withdraw your money. |
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will try from mobile
What wallet do you use to connect to Pancake Swap? Metamask has connection issue on mobile devices sometimes. Moreover, if possible, using the computer to do crypto things are better than on mobile devices. On mobile, you can mistakenly touch, make typo and other mistakes. Due to the limitation of mobile screen, sometimes you can not see the mistake you are making. |
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Hi, when transacting on marketplace, suppose if your transaction gets stuck due to low gas or smth and doesn't get confirmed within time-limit, then what happens?
I had some transactions like that many months ago. I remembered that something like those transactions were expired and when I woke up, I have to submit another transaction on gold marketplace. It can be something similar to expired. Gold team can provide the correct term here for you. From my experience, you don't lose your Gold token, and what you have to do is submit another swap transaction in the marketplace. |
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I want to be bullish and I hope the market will be bullish with a second leg too but I am wondering myself that how the market can maintain its bullish mode if the trading volume won't increase.
Issue in the last months since April is decreasing trading volume, not price of Bitcoin. Bitcoin broke out weeks ago and tried to touch $70,000 but trading volume is still lower than in March or April.
I know people mentioned about Supply shock because of many Bitcoin (and Ethereum) are moving off exchanges. They think it is the on-chain bullish signal. I think so too but I don't think it can not be manipulated.
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Worst experience from my side are
- Liquidation: I lost many Bitcoin and other cryptocurrency because of liquidation
- Invested too much in altcoins and believe they can go to the Moon.
- Shaked out my hands in bear market with good altcoins and saw them go to the Moon from 2020 to 2021
- Did not exit with shit altcoins in 2018 and 2019. Now most of them are dead and even can not recover in bull market.
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Yeah, it's unbelievably big now. A few days ago the total marketcap crossed $3 trillion. I remember how the market struggled to touch $1trillion in 2017 but couldn't get there before the ultimate crash that came.
Because the market in 2017 and 2020 to 2021 are different. In 2017, crypto has different project and each project has its own communities. Now since 2020, many projects were created and around it, we have real big ecosystems. Big projects nowadays are back-bones for other projects in its ecosystem. We have Polkadot, Solana, Fantom, Avalanche and more. I know a lot of people who are of the opinion that most alts are shitcoins but that hasn't stopped a few alts recording tremendous successes. Nothing exists in isolation. Bitcoin can't exist in isolation. It can't be Bitcoin alone. Come to think of it, a lot of alts (genuine projects) have netted some people a lot of profit more than they imagined on ROI.
Altcoins have many types and we can not say Shiba Inu is a good altcoin technically even it got a higher marketcap than Dogecoin |
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Interesting. I take a look at their marketplace and there are many sell offers with too many different prices. I did not play Axie Infinity so I wonder that in this game, do they provide a loan contract directly with Axie company or with other users? If I am not sure that I will play Axie for long, and can not believe in myself that I can play it well, I would like to loan 3 Axies to play and get experience. If I play good, I will buy real Axies for my farm. Any option like this in Axie? |
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It has been more than a year since their twitter account was suspended. Click here to see the post made by terciduk123 regarding the issue with GOLD twitter account, 1 year and 3 months ago. It seems that the twitter account will remain suspended forever. I think it would be better if the link to twitter account is removed from the website. It is bad and I don't think of any solid reasons why the account was suspended. Twitter and Facebook behave like dictators on social media. I think it is not difficult to create a new Twitter account but it seems the Gold team are tired of Twitter and they don't want to join the social media platform again. Thank you for your information that I missed somehow. |
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