Hey guys, I am pretty sure most people here trade BTC/ETH in CEX.. Many CEXs assure users about their funds by emphasizing strong security measures, a clean Proof of Reserves (PoR) record, and well-funded user protection programs.

Now I'm not completely saying that CEX is dead or something but a recent report from SimilarWeb shows that in April, some of the exchanges like Binance, coinbase, bybit and more, all seeing double-digit percentage decreases. But interestingly, Bitget and Gateio seem to be bucking the trend with increased traffic, particularly the former with an 11% surge.
https://twitter.com/ICO_Analytics/status/1788212200357650655
It would be interesting to hear your thoughts on this. Are you seeing a similar trend in your use of exchanges? Do you believe CEXs can reverse this decline in web traffic?

It's sad to see this happening in Nigeria. The government is fighting a losing battle by attacking crypto instead of embracing it. I'm so glad Bitget P2P is still available for Nigerians. I've been using it without any problems, and the merchants are much better than those on Binance or OKX. Even if you do face an issue, their support is quick to help. Plus, you get better rates imo.

That was timely, yes. I believe people shouldn't miss out on btc dips while checking out threads on the forum haha I hope it dips again so I could buy more, and as you may wanna know I am still trading btc and eth for this event as well.

Yeah, this is the event I was mentioning earlier. I felt like it's an opportunity, along with the Bitcoin and ETH dips. Not to mention, you earn BGB for it. But yeah, I don't know if BTC can reach 50K again since that might take a long time in my opinion. However, if the news we're getting is really bad, I think we'll get there and can take advantage of the opportunity. It doesn't matter how low it goes – a dip is a dip.

Thankfully, I got the dip during the 57K price range. I bought the dip with whatever I had, and guess what? BTC has gotten back to 59K, aiming to reach the 60K price range. It won't take long to go even higher. Isn't it kinda unrealistic to have expected a drop to 45K? I mean, everyone knows what BTC is, and I'm sure a lot of people were jumping into the market to buy at this rate. I do like your patience though, not everyone has that kind.

I believe anyone should accumulate ETH before it goes high again. Not everyone has USDT since that's situation of yours.. I could sell some of my alts easily for BTC/ETH and wait for profits to come in.

Well recently the market is in a bad mood. and I'm sure many of us are wondering why.  While there's no single answer, recent news suggests factors like Hong Kong ETF disappointments and the Fed's interest rate decisions are influencing Bitcoin's downward trend.

As we know, altcoins often follow Bitcoin's lead. This dip in BTC has also dragged down Ethereum and others, potentially creating excellent buying opportunities for those who might have hesitated before.

I know you guys will be asking me, why is this post when time's going out? To answer you, I'm already taking the dip. It's a good thing that some exchanges even started events, I am also currently trading some BTC and ETH in a trade to mine event on Bitget to earn some BGB rewards.

Well people might want to know that you guys think this is a perfect opportunity now to load up on BTC and ETH? I think people should take this as the perfect time to buy the dip while the dip exists now.

Probably you guys know that P2E/M2E and others have faded away in continuous hype.. It's not the same thing anymore or whatever you wanna call it.. People used to earn a lot of money through these models and the reward has been low and still on that way.. I think if we look at other concept like Predict to Earn. It may live up to its own hype and never die, because why? you're getting rewarded by staking and predicting movement of crypto price.

Similiarly I noticed Green Bitcoin has come up with this concept of Predict to Earn and also an unique mechanic called Gamified Green Staking. It's built on Ethereum Blockchain, since it aims to be a greener alternative to Bitcoin. Their $GBTC token has been in a presale that concluded with a remarkable $9.5 million raised from investors, then it went live on Uniswap first and then eventually it got listed on Bitget.
The whole thing is you stake your own $GBTC tokens, to earn up to 125% APY rewards and with that along, you make your predictions about the price of Bitcoin. Once you get a successful prediction, you might end up earning rewards with high yields.

Now you may feel that the project might not be worth it so that's why DYOR is important for you to do. I feel like they can pull this off with this concept.. So what do you think?

Well so, as of now, BTC is at 63K and I know that it'll stop going down at some point, so I was wondering if any of you are restaking wBTC right now?

I know that BTC doesn't have a staking mechanism. So there is wrapped bitcoin that makes it easier to stake and etc
I can see some projects like Bouncebit offering a restake for the wBTC, first you deposit wBTC and you get BBTC in return. This BBTC can then be staked to earn rewards, or utilized in a variety of DeFi activities across different networks.
Interestingly, BounceBit also uses a dual-token system with its native token, BB, which plays a role in securing the network and potentially offering additional benefits. The project is relatively new and the token is not listed yet on exchanges.

But anyways this is really cool once you start to farm your yield from your BTC. You will feel that's making you reap more benefits from your BTC. So are you actually utilizing the potential of your Bitcoin holdings in this way?

Okay title is just a question on how I think web3 is getting stronger. Nowadays people don't even value those web3 projects, always in for the gains instead of helping the team going ahead on web3 path..

It came to my mind that web3 can actually grow stronger... I am sure you must have heard, entertainment, NFTs, games were made easier to access thanks to web3.. Now to make it even easier for beginners, Playbux project is bringing their stuff to onboard new users and bringing a whole new level of web3 entertainment..

It's not just entertainment they're gonna be doing. A lot of stuff being pushed with their usecases, such as the Shop-To-Earn model that lets you earn their native token, $PBUX in cashback while shopping in their web3 app. And speaking of token, it has already attracted the attention of major cex listings such as Bitget, Kucoin and more. Plus, they've seriously stacked up on partnerships. We're talking Binance Labs, Visa, and a whole bunch of other major players in the Web3 space.

i am pretty surprised how many things can be done with a project like this, what do you think of web3 going stronger and better?

Well, it doesn't matter how many days you stake. I think flexible staking is a great option nevertheless, cos you get to unlock it and redeem your rewards anytime. That kind of flexibility is hard to beat, especially if you might need your funds unexpectedly.


I never thought about it going that way, I'll see this once I'm at my home, and actually I don't use USDT for launchpool, usually because USDT is just a 2nd option in that way, I use BGB since they bring out more tokens in this pool.

Well asking this question cos I wanted to see how many of you do stake your USDT. I have seen my friends earning lots of interest from their USDT holdings. So I also wanted to stake some USDT to earn some interest since it's sitting on my wallet doing nothing. I checked a few cexs that offer USDT saving option or other options that offer interests.

So I was seeing that Binance offering 2.85% APR on their flexible staking product, which translates to roughly $0.0781 daily for a 1k USDT stake. But some other exchanges like Bitget and Bybit offer tiered flexible staking rates that can potentially yield higher returns. For example, Bitget offers rates ranging from 3.70% to 8.70% APR depending on the staked amount and with 1K staked, it's like 0.169$ daily, and Bybit offers a flat rate of 2.13% to 7.12% APR also depending on staked amount, so with 1K staked, it's like 0.126 USDT daily.

Now I want to know what's gonna be best. I know Binance has lower interest but i'm still torn between these. So I wanna know y'all thoughts.

NFT has come a long way, some think NFTs are dead, but again some think NFTs is heading in a way that keeps them alive, I feel that second one is the most reasonable thing.

It's not like NFTs are dead.. I know that some of you hate NFTs for them being too stupid. I agree that low quality NFTs shouldn't be listed as high price. Like what do you see in a stupid monkey art disguised as NFT haha..
Well moving on... I believe NFT can be good for artists, or example, I created a Photoshop piece featuring a house surrounded by haze and considered turning it into an NFT. Unfortunately, the fees on platforms like OpenSea and also Ethereum fees are quite high lol.

One of my friends suggested that Rarible is best for minting NFT since it's good and not expensive at least what I have seen. He just said "Get some matic for fees, open rarible and create a collection then mint the nft". Of course I checked it out, and it's not bad either. I saw that using their RARI native token has more advantages in their platform, since they incentivize buyers and sellers using their token on platform. I've also noticed on CMC that RARI listed on rapidly growing exchanges like Bitget and MEXC.

I think there's a market for selling photoshopped art or handmade arts, potentially at high prices. There will always be someone who appreciates your work. I do believe that NFTs aren't done yet – what are your thoughts?

Seriously? 2 ETH? That's crazy man.
Honestly, even the price of OMNI feels a bit high right now. I heard some people got like 13 or more OMNI earlier. Are you thinking of buying any before the halving? Since it's taken a hit, it might be a good time to get in.

I'm sure most of you know this project considering it's been around since 2021 and was founded by Harvard graduates. The Omni team was working on the project throughout 2022 and possibly late 2021, with development intensifying as they secured $18 million in funding, backed by well-known VCs in the industry.

Many early testnet users participated in building the OMNI network and its blockchain to bring true interoperability to Ethereum's rollup ecosystem. This could be a game-changer for developers and users alike.

Today, the team announced that the OMNI token airdrop claiming period starts at 7 AM EST. Most of the eligible users are early testnet users, builders, and key participants within the Omni community. The rest are EigenLayer Restakers, Milady Maker & Redacted Remilio Babies NFT holders, and a few others, including additional NFT holders and protocols.

Binance also announced this as its 52nd launchpool project, and a few other exchanges like Bitget are hosting a candy bomb event due to the hype surrounding the project. Listing will occur one hour after claiming.
If you were one of those NFT holders or testnet users, you're lucky to be receiving some airdrops. Now the question is: are you going to keep them or sell them?
I think it could be a scenario where people sell early and regret it later.

MAS is already listed on Bitget and MEXC mate. Give a search on Google, you'll find it bud.
By the way I also have been participating in TON blockchain due to notcoin and few projects there like GRAM, I'm not sure if you have heard them but yeah that blockchain is promising one now. Funnily enough someone roasted me for comparing it to Solana, cuz it was not realistic. But I think we might able to beat Solana in future. Who knows?

So, the crypto market has gone down due to conflicts of war. I was thinking to see some good projects that I could research and invest wisely. Although the market is now showing some signs of heading towards green.

Basically I was investing on Polygon, the blockchain with cheapest fees, and already has lots of major exchanges. But the price is not good nor shows positive signs of moving. Now don't mind me but I invested it during the 0.8$ price range and it was good until the market decided to crash lol

So looking ahead for new blockchain projects, I discovered that MASSA is the newest blockchain project, but comparing it to polygon is not realistic, since it's just another project in its own creative way to thrive in this space. In fact it is pioneering a radical approach to blockchain technology with its unique blockclique architecture, capable of processing up to 10K TPS.
Another cool feature is their Autonomous Smart Contracts. These allow for all sorts of applications, like DeFi, and even let dApps run entirely on-chain. Like Polygon, MASSA got its own token, $MAS. Like I mentioned it's new in space, it has attracted few listing exchanges. You can use the token as transaction fees, participate in DAOs, Insurance Claims, etc

Let me know if there are any similar blockchain projects you can recommend, or you can tell me your thoughts on this project and if you think it has the potential to thrive.

Doesn't that mean taking risks is better than not trying at all? I know, of course, that we shouldn't jump in without any precautions or research. But I feel like I should explore this more openly, even if it means risking some money. After all, winning comes with the possibility of losing.


Actually, I saw an announcement about the MERL token is having pre-market trading on Bitget. You can check it out if you wanna explore too: www.bitget.com/support/articles/12560603808074.

Btw I understand your point, but I'd still like to explore more and get into a token early. I just wanted to hear your opinions. Luckily, a lot of you have already responded, which is helpful for me as I decide whether to try this.

I actually wanted to use that cex since they have been hosting some events. Now if I think about it after seeing your post, does it still mean it's a safer cex?

I heard that if the U.S goes full force on this, it will be a nightmare for every user who has been holding assets on their cex for trading.

Hey guys, I discovered this product called Pre-Market Trading yesterday when an exchange announced MERL token pre market trading, so far I know about how OTC works, but Pre-market trading is a new innovation that I have not tried yet.

From what I can understand, people who buy can lock in price, but since it's kind of like a pre-order. They won't get the coin right away, but they already lock in the price. The best part is you don't really have to own crypto during execution of pre-market trading, but you gotta have it once it's delivery time. On the other hand, While sellers might not own the coins yet, they need to guarantee they can deliver them by the designated time. To ensure this, platforms often require sellers to put up a deposit (margin). If they fail to deliver, the trade is canceled, and the buyer is compensated using the seller's deposit.

I wanted to see if any of you have experience with Pre-Market Trading. What are your thoughts?

It's true that transparency is absolutely essential in this crypto space, let it be CEX or DEX, everything should be shown as in reports to you few times once a year. The data from the report is important. Since it helps you and me as a user, to decide which exchanges to trust with my hard-earned crypto.

Many exchanges are leading the charge in transparency. Some report dives into user base growth, trading volume and security measures. This detailed breakdown helps users understand how the exchanges operates and how their funds are safeguarded. You can have a look at this: https://cointelegraph.com/news/bitget-exchange-volume-tops-1-6-trillion-q1.

I believe providing this kind of transparency will help building lasting trust between platforms and their users. If we're going to invest our assets in exchanges, we need that confidence that our funds are being properly managed and protected. Regular reporting offers that level of reassurance as I mentioned earlier.

So what do you think? Are CEXs doing enough to be transparent, or is there more they can do?

I must say that while I was dreaming about a new phone, simply wishing for it did not make it a reality. I needed to take action, find a real job, and earn enough money to buy it myself. It's the same with everything you really want. I know that we all want to get rich with crypto, but it may not happen straight now.

But still, that does not mean you will always fail. With some effort and patience, you can make your dreams a reality. Even if it requires attempting every time.