Latest posts of: ven7net

Quote from: Abiky on April 16, 2021, 05:51:25 PM

Ever since the "De-Fi" craze began on 2020, Binance Coin has been on a constant uptrend in price. It went all the way from nearly $20 to just $500 in a matter of months. Binance has done a good job in promoting its own currency, resulting in massive adoption in the mainstream world. The world's largest crypto exchange owns "CoinMarketCap" so it has all the tools to make BNB a huge success. With near-zero fees and near-instant transaction confirmation times, Binance Smart Chain (which powers BNB) could become the "next Ethereum" in the crypto/blockchain space. Vitalik and his team better hurry up on scaling Ethereum before it's too late. With how fast BNB has grown lately, it could flip ETH sometime in the future.

What do you think? Is Binance Smart Chain the "New Ethereum"? Or is it too early to tell? Do you think it will replace Ethereum sometime in the future? Are current prices sustainable in the long run? Your input will be greatly appreciated. Thank you very much

Indeed, the Binance Smart Chain is showing excellent growth right now and the demand for using this network is growing. However, it is too early to say that Binance Smart Chain could become the new Ethereum. If you compare the two platforms, Ethereum is decentralized and Binance is centralized. The price of cryptocurrencies has a big price difference in favor of Ethereum. The fact that Binance Smart Chain works side-by-side with Ethereum can only mean that Binance Smart Chain is likely to help Ethereum survive the fee pricing problem. Of course, these are my suggestions and everything can be completely different. Even though I myself am now using the Binance Smart Chain more, I still hope that Ethereum will solve my problems and will again be attractive to the crypto community.

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I believe that in order to understand the actions of whales, you need to have a lot of experience and a number of special skills. But in addition to the strategies of the whales, to lower the prices of crypto assets or, on the contrary, increase them, there is also market manipulation when we think about one thing, and in this all this was created for another result. Previously, the crypto market was not as manipulative as it is now, and this makes it clear that not all the actions of crits need to be paid attention to, and even more so to try to correspond to them. Is that only in one case, when you know 100% of the plans of the whales.

Indeed, this confrontation between the countries is going on right now and sooner or later, someone will lose, and someone will win. The question of where BTC is here also makes us wonder if everything is happening as we see it? Perhaps this is just a cover for something more. More recently, I studied information that said that the US economy is in a very bad state and the printing of new money only makes this system worse. Probably the appearance of BTC was not accidental and there is a possibility that BTC could become a safe haven for finance during the collapse of the dollar system. If so, then BTC is likely to see even more growth and success.

Quote from: rosenbauer02 on May 28, 2021, 11:29:23 PM

I saw a video on tiktok and was talking about the guy who is behind bitcoin. I had copied and pasted the link below so you can check the video.

https://vt.tiktok.com/ZSJmCLVYK/

I think this is another assumption but since I do a little bit search about the guy I read some info regarding on conspiracy to break the US government financially through bitcoin system. I think there is a relevance in the story and bitcoin might break not only the US government but othee countries too that are allowing bitcoin and money conversions and transfers.

What do you think guys?

The fact is that there is now a lot of speculation about the impact of BTC, as well as about the creator of BTC. The fact that BTC was created for a reason is already clear to many for a long time, but its real purpose is not yet clearly known. But if we consider BTC as money, then it turns out that it was created as a tool to replace the US dollar, if we talk about BTC as a store of value, it turns out that it should become the most attractive store of value, which means that in exchange, many should give their money to other people. It's more like pulling money from people. It's hard to say how things really are with BTC, but the truth is probably somewhere very close.

Quote from: Abiky on May 28, 2021, 08:25:57 PM

The "Silver to Bitcoin's Gold" has been out of the spotlight for quite time. I'm surprised this is happening with LTC since worthless coins like Dogecoin and SHIBA are getting all of the attention in the mainstream world. Unlike the aforementioned coins, Litecoin with only 84 million coins that will ever exist. One thing for sure is that Litecoin is faster and cheaper than Bitcoin. If DOGE went all the way from being worth nothing all the way to nearly $1 per coin, then Litecoin can do much more than that.

Last time I've checked, LTC developers announced the "Mimblewimble" privacy technique. I don't know if it's already been implemented since I haven't been catching up with the project's progress. Adding new features to a Blockchain should make the underlying cryptocurrency soar all the way to the moon. Yet, nothing is happening as LTC remains stagnant in price.

Am I missing something here? What do you think may be the cause of Litecoin's stagnation? Will it have a future? Do you think it is worth buying and holding for the long term just like Bitcoin? Your input will be greatly appreciated. Thank you very much.

This year I also decided to work more with LTC and decided to hold onto this coin in the hope of good growth. However, in the first phase of growth in 2021, the LTC price was only able to reach its previous high. To be honest, I expected more, but unfortunately the miracle did not happen. What's going on? It's hard to say, but I hope that in the second phase of growth in the crypto market, which should be at the end of 2021, there is hope that LTC will still show good growth. But on the other hand, there is not much information about LTC itself and its development. So I still left a few LTC coins in the hope that its price will still show good growth.

Quote from: DaC0nsumeR on May 27, 2021, 04:21:26 PM

Sometimes I think I might as well stick to just trading BTC since most alts are correlated as rise/fall with the big one. And yet sometimes they don't, maybe because of rotation or more fundamental reasons. But just for simple range or band trading, I wonder if it is just best to stick with BTC?

To successfully trade cryptocurrency, you definitely need to have both skills and information about the market and the events that take place in this industry. But how to choose the right way to trade BTC or altcoins? I believe that it is better to trade what can bring profit and what has the greatest potential for growth. Now I believe that it is possible to trade both BTC and altcoins since we are in a growing market. The prices of these cryptocurrencies very often have a lot of volatility, which contributes to making money on trading.

I believe that Elon Musk is manipulating the market and his messages and statements clearly contribute to both the growth and the fall in the prices of crypto assets. It is very simple to determine this, if Elon Musk's statement came out and after that there is a large movement in the prices of crypto assets, then this is a real influence, which can be regarded as manipulation with a goal or simply to bring down prices to buy cryptocurrency at low prices or for the sake of another cryptocurrency. In any case, such statements have a real impact and this is very bad in general for the entire crypto industry.

Quote from: virtualdn on April 20, 2021, 07:27:37 AM

Do they come from the Dogecoin supporters?

I remember way back when BTC and Dogecoin supporters were friends, it's not happening anymore I guess. Now Dogecoin supporters hope to take over BTC Cheesy

It's not gonna happen.

Too bad this meme coin has been destroyed like that giving it nothing more than a pump and dump status. Thank you Elon! Roll Eyes

I don't think the negative news related to BTC is an attack from the Doge Coin community. I believe that this is more to do with knocking out BTC and other top altcoins from weak hands, and within a short time, the price of all cryptocurrencies will again show growth and new peaks in their prices. such situations on the market have already happened more than once. However, the Doge Coin community and Elon Musk himself really added fuel to the fire in the market, but I think this is just a manipulation.

Quote from: palle11 on April 29, 2021, 03:09:55 PM

Dogecoin has been different kinds of low level names in the past and in the present but the altccoin seem to have woken up to prominence and maybe it could keep sustaining the move as some altccoins like bnb, xrp, Ada, ethereum have done. Despite the name calling, the growth of dogecoin has really gone pass many so called promising coins and it is now at the 7th spot in crypto ranking.

Therefore, maybe dogecoin can get to $20,000 and above in 5 years time Grin

just like this user predicted the price of bitcoin in the beginning

You know, I'm not surprised at anything, even that the price of Doge Coin can rise to $ 20,000. Very interesting events are taking place on the crypto market now, many altcoins are showing excellent growth. Previously, I didn’t pay much attention to Doge Coin and I understand that it’s in vain. I think there are a lot of people like me, and right now, many are showing interest in that coin. So it is quite possible that over the next 4 - 5 years, Doge Coin will be able to show a super result and its price will fly into space.

Quote from: Rruchi man on May 15, 2021, 03:34:42 AM

Think of this, these days cryptocurrency price movement (btc & other altcoins) is highly affected and dependent on the media. People now follow up closely with information around the world to know when to buy and dump a coin, as a result a simple occurrence because of the media might just cause a cryptocurrency value to go up or to come down.

Do you think the collapse of the media (Say a media blackout) can trigger the collapse of the value of cryptocurrencies?

I don't think the media shutdown will have a significant impact on the price of BTC and other cryptocurrencies. However, you are right that the media has an impact on crypto and very often it is through the media that the crypto market is manipulated. However, what exactly do we understand from the media? If we take all information platforms of all kinds, then I do not think that I will learn to turn off all of them at the same time, since it is irrational, if only you turn off the Internet or turn off all the power.

Quote from: insiderpro on May 23, 2021, 07:08:28 PM

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

You're right. The next drop in cryptocurrency prices is associated with only one goal, to knock out weak players from the market and buy up their crypto assets at a low price. Of course, a number of other news were summed up for this, but those who are on the crypto market have not been deceived for a long time. We have already seen similar processes many times and every time the price of cryptocurrencies fell and a lot of bad news appeared, then after that everything returned to its normal circles and after that the price went even higher. The main thing is not to panic and always make decisions carefully.

Quote from: Hydrogen on May 24, 2021, 06:17:52 PM

A brief timeline of crypto history.

2013 Bitcoin reaches a new all time high. Then crashes as silk road is shut down. Ross Ulbricht is arrested. And china bans financial institutions from buying or selling bitcoin.

2017 Bitcoin reaches a new all time high. Then crashes amidst allegations of bitfinex and tether market manipulation of btc. And china reportedly bans cryptocurrency exchanges.

2021 Bitcoin reaches a new all time high. Then crashes. The first event in the crash is attributed to chinese crypto miners being forced to shut down from alleged electricity shortages caused by coal power plant outage.

Based on the above, might it be fair to expect another bitcoin all time high, followed by a crash in 2025?

Will bitcoin naturally be defined by 4 year boom and bust cycles.

Due to its rewards halving being based around approximate 4 year cycles?

I also adhere to this theory that the rise in the price of BTC and in the crypto market in general has a cyclical nature and each such cycle is 4 years. As for the next cycle, which ends in 2021, then I believe that the main growth will be at the end of 2021, as in 2017, and the drop that was a few days ago is a forced price drop in order to be able to prices go even higher. Based on the 4-year cycle theory, it can be assumed that the next cycle will begin at the beginning of 2022 and will also come to an end at the end of 2025. But how will it actually be, I'm sure we will see.

Quote from: thegoatiest on May 15, 2021, 02:40:01 PM

Hi, so about LTC.
It's been an underperformer this bull run. It's BTC pairing has not performed as well as other top Alts. It's dropped out of the top 10 to #12

TRX - also an underperformer. It's BTC pairing hasn't even hit it's 2020 high, let alone 2019.
Meanwhile ADA/BTC and ETH/BTC are up at their 2018 levels.

Both TRX+LTC had a golden cross on the daily (50 crossing 200) within the last few weeks.
TRX has daily resistance according to my TA at *255sats, but it has been trying to break this resistance for 40 days and hasn't rejected very hard yet which seems bullish.

----
Personally LTC seems a bit redundant... it doesn't have much love it seems to me.
Which would you invest in out of the two at current prices?
Thanks

Earlier, I worked and used only ETH. But after the commission prices rose on the Ethereum network, I began to look for an alternative and found it in LTC. Almost always, I transferred funds to LTC and stored exactly LTC. But LTC also became hard to work in the process of using and I had to wait for a long time until the necessary power lines in the network passed, then I partially started using TRX. Now I use both ETH and LTC and TRX, but most of all I still use TRX as it now has fast transactions and low commissions. As for the growth of these cryptocurrencies, then both LTC and TRX really could not show sufficient growth, but I still teach that they will be able to show good growth towards the end of 2021. Based on this, I continue to use all the listed cryptocurrencies above, but at the moment I still give the advantages to TRX. Perhaps my opinion will change further.