Latest posts of: ven7net

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Quote from: Abiky on May 21, 2021, 07:56:34 PM

There's a new kid in town named "Binance Smart Chain" focused on rivaling Ethereum into becoming the world's second-largest cryptocurrency by market cap. It went all the way from being worth cents (in USD) to just hundreds of dollars in an instant. Unlike Ethereum, Binance's smart contract platform offers a greater degree of flexibility with ultra-low fees and blazing-fast transaction processing times.

Of course, no other cryptocurrency (except Bitcoin) can outmatch Ethereum's level of decentralization. I guess that's why most developers continue to build dApps on ETH instead of migrating to BNB altogether. For different tastes, needs, and/or purposes in life, will be the type of cryptocurrency to use.

I prefer Binance Chain over Ethereum anytime because of its benefits. But some people will prefer Ethereum over Binance Chain because of its decentralized and censorship-resistant design.

What's your choice? Ethereum or Binance Chain? Why did you select such cryptocurrency? Will one of them fade into oblivion sometime in the future? Or will they co-exist for many generations? Your input will be greatly appreciated. Thank you

At the moment I am using both Ethereum and Binance Smart Chain. The fact is that earlier I used only Ethereum, but after the price of commissions in the Ethereum network increased significantly, I began to use additional networks, for example, such as Tron and LTC, but with the advent of Binance Smart Chain, I also switched to this network, since it allows you to partially replace the work of the Ethereum network, while it has advantages. But in order not to miss all the possible benefits from different networks, I try to use different networks, which allows me to derive the maximum benefit.

Unfortunately, the fall in prices once again brought disappointment to the crypto community, as many believed that there would not be such a deep correction now, but this fall should indeed once again show that everything can be on the crypto market, like a big rise or a fall. Based on this, one should always assume such development scenarios. I remember the fall in crypto prices at the beginning of 2018, then I was confused and it seemed the end had come, but now I already understand that this fall should have been and after that there will definitely be an increase in crypto prices. Therefore, the fall this time is an opportunity to buy a top cryptocurrency at a low price.

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Quote from: GeorgeJohn on January 30, 2021, 05:13:36 AM

Fiat and cryptocurrency are the same but people in society differentiate them and value fiat because its adopted by the government far back, and since the existence of the world and also a specific country, so from my research I find out that government just disliked cryptocurrency for nothing,
So differentiating fiat from bitcoin is valueless because irrespective the importance and massive adoption of fiat currency from its existence before cryptocurrency, it's obvious that fiat is money and bitcoin is money, their functions and contribution in society never depart from each other, so bitcoin now is the shortest way of transactions across the world without much process or procedures, using bitcoin everything buyable is easier to purchase without stress, so from my perspective I prefer bitcoin than fiat currency due to fast transactions process across another country, and nothing fiat can purchase bitcoin can't purchase, so no difference between both because all are currency.

In general, you are right when you say that fiat and cryptocurrencies are money, but of course they have a number of differences that, on the one hand, give advantages, on the other hand, they have problems. States will never accept cryptocurrencies, cryptocurrencies because they are not governed by the state and there is logic in this. The fact is that a state that does not have control over finances, for example, has the opportunity to get problems that, as a result, can negatively affect the state itself and its development. It's another matter if the state launches its own cryptocurrency, then this could solve some of the problems with misunderstanding and, as a result, partial use of cryptocurrencies as money could take place. But as you correctly noted, there are many similarities between fiat and cryptocurrency, and probably in the future all the money in the world will work on blockchain technologies.

Quote from: Accardo on May 19, 2021, 10:19:44 AM

Bitcoin just fell down to 39k plus per 1, and those that held/bought bitcoin while it was at 50k have no benefit of holding bitcoin at 50k per 1 instead they lost money. lets say those that will buy at 39k per 1 will have more benefits when its spikes again to 50k. So those that enjoyed holding bitcoin at 50k hoping that it will hit another ATH will have to wait for bitcoin to hit another 50k but still got no profit, while the 39k buyers will profit 11k dollars. My question is why is they no extra profit for early holders when the price falls and rises agian?

You are right, BTC itself is not profitable if you just hold it, unless the price of BTC rises. Good or bad it is difficult to say, but the fact that holding BTC is a good idea is for sure. The fact is that when you just hold your BTC, then you spend less nerves, when you start selling and buying it, you can get stress from this process, because it is not always possible to guess when to sell and when to buy in order to make a profit. For example, if I bought BTC at 50,000 then I will hold it until its price becomes higher and then I can fix the profit. Many do not sell BTC because they believe that it will cost a lot in the future and therefore it is easier to buy it and just wait. In any case, everyone chooses for himself what is best and more profitable for him, the main thing is to get in the end to make a profit from holding or trading BTC.

Quote from: cryptoboss2020 on May 17, 2021, 02:27:49 PM

Bitcoin utility cant compete with tron.
First I didnt not like the tron chain but now I realise that Only one who Can compete with tron are,

Xrp, stellar , bnb. Not Even btc not Even my favourite ETH.

The tron chain trc20 is so Fast and so cheap to transfer and with so Good liqutity option that its the number one COIN now.

Yes we know btc are old and well known...
But Right now the tron is leading tron is only Block chain who runs USDT how it need to be run.

Bitcoin Transactions still quite slow and quite expensive.

So Bitcoin utility and use Case its not just that Good.

Yes you are right the Tron chain is really very fast and has low commissions. However, Tron does not have the same popularity as BTC, and this is reflected in their price difference. I believe that every cryptocurrency is created with a specific purpose and it is not very correct to compare and identify the best or worst cryptocurrencies. As for me, it is better to use those cryptocurrencies that have their own advantages and can give you benefits and profits.

Quote from: Rana590 on May 11, 2021, 10:08:17 PM

Elon Musk has made new tweet about Doge again as always. It has been seen for some time now that Elon Musk is benefiting himself by increasing the price of Doge through new tweets. He tweeted asking if Dogecoin will be used to buy Tesla. But after his tweet, Doge price is going down, which means people are understanding his purpose. You can see his tweet from here: https://twitter.com/elonmusk/status/1392030108274159619?s=19

I think it would be nice if Tesla could be bought with Dogecoin or other cryptocurrencies. First of all, this contributed to the even greater development and adoption of crypto in the world, and other large companies would also start accepting crypto to pay for their goods and services. But unfortunately, Elon Musk's tweets are confusing and probably misleading to the community. Yes, it may just be manipulation of the price of cryptocurrency, and as a result, the price of crypto will go up again, and Elon Musk will again start praising BTC and other cryptocurrencies.

Quote from: sayaya17 on May 22, 2021, 01:00:34 AM

When bitcoin drops to $30000, this is a disaster for most traders who buy bitcoin and altcoins at a price high. We didn't expect bitcoin to fall this low, so causing altcoins prices to be dumped very deeply. For traders who have already lost over 25% in trading, then it is best not to cut losses because it will make lose some capital. So believe me, the bitcoin price will back up again and altcoins price will rise again.

You are right, now is not the best time to trade or sell your cryptocurrency. The fact is that the fall in prices for cryptocurrencies was earlier, and as a result, prices returned to their positions and even went higher. If you are panicking now, then it is better not to enter the market, but just wait out a few days. In such critical moments, it is really better to become a holder than a trader.

Indeed, no one can know what cryptocurrencies will look like in the future, since until now no one can answer exactly who created BTC and for what. But if you guess on the coffee grounds, then we can assume that cryptocurrencies are either an experiment carried out with the aim of switching to a new financial model in the future, or it is a planned operation to withdraw cash as current to solve a problem in the international financial system associated with the US dollar. All these are assumptions, it is likely that cryptocurrencies will continue to exist in the future.

Quote from: Gatorelf on May 17, 2021, 04:37:16 PM

Just as people moved from gasoline powered cars to electric will investors also move from bitcoin to ecofriendly alts?

Of course, in the future, all economies will switch and use clean energy sources and certainly energy consumption for mining BTC and other cryptocurrencies will grow. However, this will not have much of an impact on the BTC price. If you think that the last drop in the price of BTC is related precisely to the amount of energy consumed, then you are mistaken, this is just one of the reasons to bring down the prices of cryptocurrency and buy it at a low price.

Quote from: J_Townsend on March 24, 2021, 08:35:50 PM

$1500? $1400? Surely at some point you guys will want to get out until things settle down, right? Thanks.

I set a goal for myself not to sell cryptocurrency without special need, including if its price goes down rapidly. In general, with regard to the fall in the price of ETH and other cryptocurrencies, then after each fall there is an increase and if you know how to wait, you will probably wait for a good price and be able to sell your cryptocurrency and make a good profit.

Quote from: Cointalk83 on May 06, 2021, 07:59:47 PM

I'm just wondering whether BTC has hit it's peak for this cycle. It's been trading sidesways 55k-60k for the last 2 months
while altcoins have rallied. From historical perspective, for those were in it in 2017, did bitcoin ever regain it's dominance after
altcoin season began. I guess what i'm asking is whether I should liquidate my bitcoin position and chase altcoins or whether
there is more room for BTC to go this year.

I believe that this year the growth of BTC is due to the fact that 2021 is the last year in the next cycle of the crypto market development. From this it turns out that 2021 should be similar to 2017, which means that the main growth for BTC and other cryptocurrencies will be at the end of the year. This is to deprive all of the assumption and certainly no one can know anything 100%, therefore all the actions that you take are in one way or another risk.

Quote from: iamwithyou on January 13, 2021, 04:10:33 PM

Though I lost so many times earlier but this one is bit tough. I was bearish on bitcoin when it was around 30000$ but it went up and up and touches 40000$. I lost around 1000$ and I was ok but I do not know what happens to me suddenly in the heat of the moment I decided to go all in with 100x leverage, with no technical analysis nothing, as I was sure about bitcoin reaching 50000$.
And that is it all my bankroll which I build from 350$ vanished my hard work of 6 month gone.
Now I am broke. But I know I will build my bank roll again over the course of few months but oh man this is tough.
I hate this feeling. Guys no matter what don't be impulsive in trading.

What happened to you shows once again that cryptocurrency trading is a very serious and high-risk process. Moreover, when trading cryptocurrency, you either need to have skills or reliable information in order to ultimately make a profit. But you need to understand that everyone cannot earn money, which means that if someone made a profit, then someone else spent the money. Also, in order to trade, you need to have funds that you are ready to lose, otherwise you can get a big psychological blow. Also, trading is the acquisition of experience, which is certainly expensive, and if you were able to gain experience in trading, then you really wasted your time and money.

Quote from: KFPE on May 19, 2021, 09:53:19 AM

Question for the experts here....

Is it too late to jump on the bitcoin-trend? Im considering investing in miners and potentially buying 1 or 2 bitcoins.
Or should I instead look for cheaper alternatives with similar potential? Huh

Especially considering it has plummeted after regulators in China announced a clampdown on crypto.
(https://www.ladbible.com/news/news-bitcoin-price-crashes-after-clampdown-on-cryptocurrency-20210519)

It is difficult to make recommendations when the situation in the crypto market is changing very quickly. But one thing is for sure, this fall is not the last, but even greater growth is ahead. I rely on the theory of the cyclical nature of the crypto market. It follows from the theory that 2021 is the last year of the next cycle, which means that the full-time growth of cryptocurrencies should begin in September-October. This theory is based on the previous history of the development of the crypto market and the likelihood of what will happen as I wrote is very high. However, I repeat once again, the situation in the crypto market is not predictable and anything can happen.