...I have many friends spending their time on testnets but I thought it was like a lottery before earning decent amounts while spending gas on tests...
You are confusing retroactive with testnet. To complete tasks in the test network, test coins are required, which you will receive as an airdrop. While, for example, Uni was distributed as an airdrop to participants who were the first to be active on Uniswap, that is, retroactive. In the second case, you would have to bear the costs of gas. |
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I did the Aptos airdrop, I didn't get an email for a claim, no regret though. ..
Airdrop was distributed among those who received NFT Zero in the Aptos test network. In addition, it was necessary to fill out a Google form. Those participants who meet these conditions received an airdrop of 150 APT. In addition, those participants who installed the node in the test network also received airdrop. |
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If I understand it correctly, the nft and crypto coins you guys get can only be spent inside their testnet and not in the real world right? But, why you seem to be positive about it when the real one that you will get from doing these kind of tasks are their own token which value is also small since they are still starting but you can always hodl it and see if it became huge later on.
There is a risk in doing this because we may be required to connect our wallet and there are projects who are scams which can rob us. This is why the OP is recommending us to use dummy accounts and this includes creating a new crypto wallet only for this purpose.
Yes, all the coins and NFT that you receive in the test network can only be spent in this test network to complete tasks. But the reward at the end of testing is distributed in the main network. It will be possible to talk about the value of the coin that you will receive as an airdrop only after it starts trading on the exchange. To eliminate all the risks associated with the loss of the contents of your wallet, you need to use a new wallet specially created for this purpose. |
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Obviously, not all projects are covered by the hype that is currently happening around the Aptos blockchain. For example, the first IEO, which was held in this network Mojito Markets, immediately after the start of trading on DEX, fell in price by 70%. Such an example may have a negative impact on subsequent IEO in this network among potential investors.
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For strategy that is most effective for newbies is just buy and hold for long term. You can never go wrong with this one. You'd be surprise how much you could have after waiting for several years. This is as long as you hold for a longtime...
This is a very boring kind of earnings and it is more suitable for those who occasionally visit the exchange to find out the current price. In addition, it does not allow you to get a profit that allows you to meet current needs. So if you want to make a profit every day, you need to study trading strategies and test them yourself on the cryptocurrency exchange. |
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...With nodes, everything is simple until you start setting it all up. If the user is completely unfamiliar with setting up his own server and the command line in Ubuntu, even with a ready-made manual it will be difficult for him to figure out all those console line commands, what works and how to set it up. You need at least minimal technical knowledge to successfully participate in the nodes.
As a rule, all tasks in the test network are similar to each other and consist in swaps of coins, providing liquidity, moving coins through the bridge. All these tasks are not difficult for those who have previously been engaged in trading on DEX and earning on Defi. As for beginners, participation in test networks will allow you to raise your level of knowledge and at the same time also get a profit. |
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...Also make sure you turn on your telegram notifications then you get latest updates and our trading signals.
According to your last post in the group, your specialists have 22 years of practical experience. Tell us more about your team members and where you specifically acquired this experience, which allows you to accurately predict the further movement of the market. |
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How people are being rewarded? The project will airdrop coins to the main network of the addresses that participated in the said event from testnet?
This is how I understand this, it's like they have the list of addresses that qualify for the reward and that's the time they will give the real coins to the main network.
Usually, after the launch of the main network, an airdrop will be made to the wallets that took part in the testnet. But it also happens when the project is already running on the main network, additionally conducts a test on the test network. A recent example is UMEE, which, after launching the main network, conducted a re-paid test on the test network. At the same time, not all projects initially indicate whether the work in the test network will be paid or not. Therefore, there is a high probability that your work will not be paid. |
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Here is our first trading signal here
DOGE/USDT..
This is not only your first signal, but also the only one, since you have not given more signals so far. And since the channel does not have previously submitted signals, it is difficult to judge their accuracy. But it is already obvious that these signals do not indicate the stop loss level, without which it is very risky to open trades. |
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...I am always conscious of testnet instead using a free airdrop with spare wallet would be more valuable because most of those testnet they run will somehow requested to make a some Minimal deposit to carry out the test of which I know most of you won't like to risk a dime from your ends.
Test coins are always used to complete tasks in the test network, and even if you wish, you will not be able to transfer coins from the main network there. You get these test coins for free as an airdrop and they cannot be withdrawn to the main network. Obviously, you are confusing the execution of test tasks on the test network with testing on the main network, where it will really be necessary to bear the costs. |
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The crypto has become the worst holding during the bearish market and cash is a very good holding during the bearish market. I guess if you do know this. It's caused by having cash make you can buy at the bottom with low price. ..
A sharp drop in the value of a coin also happens in a bull market and this can be caused by various factors, including negative news. As a rule, after such a news dump, the coin price quickly recovers, which brings a good profit. So you should always have free money to redeem such a fall in time. |
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How realistic do you think such a scenario is?
Imho it's not realistic, the price has already fallen a lot and there seem to be buyers very happy with the current price levels... If the price of bitcoin decreases by another 2 times, then buyers will be even more satisfied. Until quite recently, it was impossible to believe that the price could decline to the current one, but as we decline, we are already beginning to accept the fact that nothing is impossible when it comes to BTC. |
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I'm not sure about that, even if Binance did in the past. You can't completely rely on the reputation of the big exchanges because in fact you will be disappointed in the end if at any time they can't guarantee your funds back after a hack.
Save your assets in a personal wallet instead of an exchange, it is the best option adopted by bitcoin users. Entrusting your assets to the exchange is limited to trading, it's good to avoid transaction fees. But it all depends on you, if you trust all your assets on the exchange then you should probably know what the risks are.
If you don't trust centralized exchanges, then you don't need to trade there. To date, there are a huge number of decentralized exchanges that have acceptable functionality and can completely replace CEX for trading. In this case, your money will always be in your wallet. |
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Aside from typical bounty campaign and airdrop. Now the hype change to incentivized testnets. ..
Completing tasks in the test network sometimes brings a good profit. One of the last such examples was the airdrop from Aptos, in which for mint free NFT in the test network, its participants received 150 APT, which is approximately equal to $1200. By the way, the activity in this test network has not ended yet, since only 3% of the 51% allocated to the community has been spent. |
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... ANd investing in altcoins is much riskier than Bitcoin. That is why, why should risk more to altcoins if there is a much better investment in Bitcoin
Altcoins are also different, for example, ETH and BNB in this bear market look as attractive as BTC and they do not need to be put on a par with shitcoins. As for the risks, it is a well-known fact that the higher the risk, the higher the profit. Accordingly, if you have the financial opportunity to take risks, then you need to use it. |
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Is it normal to invest in projects that VC's invested money on? ...
If you invest in projects in which have invested VC's, it will be safer than if you invest based on your research, without having the appropriate qualifications for this. But it should be remembered that the purchase price for you may be several times higher than that of VC's. Accordingly, if the price drops, then you will receive a loss, while investments VC's will be in profit. |
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...After you finish trading in a day, because of the stable coin low fee, did you move your coin to a noncustodial wallet and move it back to an exchange if you want to trade next time? Or you just leave it alone on the exchange you are using?..
Only the part of the deposit that is required for trading should be left on the exchange. Accordingly, all the profit that is not required for trading should be withdrawn to a noncustodial wallet. But it should also take into account the fact that if the profit is small, then perhaps the best solution would be to withdraw from the exchange when it becomes more significant. |
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...but I can't understand why doge has to be Elon's choice for this, why not just btc or eth maybe bnb
Elon Musk has never hidden the fact that he is a Doge hodler. And in February last year, he bought dogecoin for his youngest son https://twitter.com/elonmusk/status/1359519541219500033 So it would be logical to further expand the use of Doge in everyday life, which must necessarily entail an increase in the value of the coin, and, accordingly, the profit of the Mask. |
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What is the safest place to stake stablecoins with nice yield?
Any suggestion for insurance against smart contract failure, hack, etc...?
Binance Exchange is the safest and most convenient place to stake Stable coin.You are on Binance Exchange You can keep staking stable coins with security. There you can earn profit.You will have no risk and you can keep it completely safe. Binance is indeed one of the most reliable platforms not only for trading, but also for staking. According to Binance Earn, the current yield for staking stablecoins is 5% per annum, and for altcoins up to 70%. But you need to be prepared for the fact that the price of the altcoin, which is placed on the stak, may decrease and, accordingly, the resulting profit may not compensate for the loss. |
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I'm so bored everyday open the market app on my phone and the price is the same as last week no change...
Probably the same feelings are experienced by investors who, after buying bitcoin at the high of 2017, continue to hold coins. And obviously they are dissatisfied when they see the same price 5 years later, after they have made their purchases. But if we assume that the bear market is coming to an end, then we can see another ATH. |
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