Latest posts of: Godwinpaul

My worst experience in cryptocurrency industry came when I lost significantly from hype and pyramid schemes. I had to start all over again because a substantial amount of my capital was lost. It took a while before I dusted my bags and continued

Elon musk is a billionaire and I know one thing that is common with wealthy individuals is that they understand the value of time and don't give their time to unproductive Ventures. It may be easy to think that Elon musk has a lot of money and don't want any more from dogecoin, but that's untrue. Elon musk wants more more money than most of us.

My best bet is going for the new coin. I've learnt a lot from the industry and I've come to know that the new coin most times come with new technologies and it takes a good development team to continue with a project after a long time. Most developers tend to abandon the project after facing through some set backs on the project.

I'm also a believer of the possibilities in exchange coin. No doubt we've seen the substantial increase in value of bnb, and I'm looking forward to seeing more exchange coin increase substantially in value. I see possibilities in KCS and hope to see it happening soon.

Trading is a more lucrative way to earn from the market, but it requires a great deal of effort, dedication and understanding of the market. Trading could be a lot riskier and you need to set stop losses to prevent loss of capital due to market fluctuations. Investing on the other hand doesn't require much effort as you have to hold the tokens for a while and expect the value to increase over time.

It's quite funny that several persons are looking out for the opportunity to hold a cryptocurrency that would increase in value in the same vain as dogecoin. Its an obvious fact that dogecoin surprised those traders who are always looking out for TA & FA. The pump it recorded was epic and yet there wasn't any usecase that could be ascribed to the coin.

When I see a project developer talk about burning of the cryptocurrency, I understand he's about to reduce the total number of tokens that was created and that reduces the amount in circulation. Most times cryptocurrency are burnt Inorder to increase the value of the tokens in circulation as the value is determined by the market capitalisation divided by the amount in circulation.

I doubt if bitcoin fees has an impact on the dogecoin pump. In fact bitcoin fees wasn't as outrageous as that of ethereum and the increase was basically because of the increase in value of Bitcoin. Dogecoin got majority of her pump from Elon musk and the bull run which affected many other coin.

The information contained in this post is very useful especially in this period when binance smart chain is being used by several new projects. Please I'll like to know if a bsc token sent to ethereum wallet can be accessible after using this steps.

I'm of the opinion that altcoin bounties could be very lucrative, if one is able to pick good projects. I have earned from bounties in the past, and I'm still involved in bounties. Even as much as bounties could be a good source of income, it's possible to work for projects who don't end up paying or whose tokens becomes worthless.

I'm in agreement with the fact that most projects listed on binance has a good potential. Binance listing is something most developers and supporters of a project looks forward to achieving. Despite the fact that the listing fee on binance is quite a lot, projects who don't meet up with some criteria are still denied listing and that says alot about the exchange.

Uniswap is one of the most popular decentralized exchange on the ethereum platform. The platform has been doing great lately and I learnt that there are still plans on ground to come up with more updates which would impact positively on the platform.

I think there's a popular notion among newbies that with crypto one could get rich overnight. There could be some element of truth in this because of the massive percentage increase which could be recorded by a coin in a short period of time. But in most cases its difficult to get in at the and out at the perfect time, this makes crypto not a get rich quick scheme. It takes a whole lot of dedication and diligence to earn substantially in the industry.

My best coin for long term hold is ethereum. I understand that the value of ethereum has increased substantially but I still believe that there's more room for increase. The ethereum 2.0 project is yet to commence in her full swing and that could bring much more improvement in the value of ethereum.

The binance smart chain has been very helpful to the entire cryptocurrency space and I believe that several persons moved in with bsc following the outrageous increase in the transaction fee of ethereum. Binance smart chain came right on time and several projects are moving to the blockchain.

I must confess that this bull run is different from the ones we've had in the past. It's been ongoing for a long time and there doesn't seem to be a sign of her winding up. I guess it could be as a result of billionaires like Elon musk and institutional investors taking their stand in the market.

The gas fee on ethereum blockchain is dropping. Infact, the last time I checked it was around 35 Gwei. I must confess that this is a great move for me. I had several tokens and taking advantage of the transactions fees and moving them was one of the best decisions I've made

We've heard several frightening news about USDT, but I personally prefer holding USDT as compared to other stable coins. The most prominent information we heard was that USDT doesn't have the required back up in dollars to offset the amount being circulated and its possibly true.