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IMO, I think Nft's are not to be considered as an investment but rather than a form of collections because NFT's are just a kind of digital art that's why it has no long term demand for it that's why in reality it is very true that the NFT's are just driven by temporary hype and after the hype was fade it leaves behind a trail of losses if those people who bought it was considered it as a form of investment. I totally agreed with the author's points of view!
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I feel sorry for your $20K loss buddy and thanks for sharing your experience, I hope it can help novice crypto users and investors in terms of awareness. Anyway, I can say that trading futures are not suitable for newbies because it's not easy to catch up with the market trend, crypto is a very volatile asset that's why everyone should take some precautions when it comes to trading cryptocurrency whether it's for Spot, Margin, and futures. everyone should learn first to avoid such incidents to happen unless it's just for trial and error purposes.
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I am not a negative person as I could be but when I see this kind of project, especially a meme toke that uses the similar and existing name of a very popular project I feel doubtful about it, and came to a conclusion that just like others, it will become abandon project soon that's why to prevent a scenario like that we should consider taking an extra precaution before investing because I already experience it two times I bought a meme token with the same name on a popular project but later on it will become abandoned and my hard-earned money was vaporized.
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Last Thursday, February 17, 2022, the crypto market faltered and lost 11.24 percent in 24 hours.
Until the movement of Bitcoin again experienced a bearish trend until it fell 0.19 percent in 24 hours.
Likewise, Ethereum experienced the same thing as Bitcoin, losing 0.36 percent in 24 hours.
And Dogecoin and Cardano also suffered losses, dropping 0.88 percent and 0.57 percent, respectively.
Of course this is a big loss for the crypto market today.
IMO, I believe It's a common thing in the crypto market that's why there's nothing so special about it, Anyway whatever the reason why most of the cryptocurrency prices are fell down I believe it is far beyond our control, and for me, it's just a normal market correction and hopefully it will recover soon as the way it is because most of the cryptocurrency investors are feeling nervous about it. just my opinion. |
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The President of the United States is expected to issue an Executive Order on Cryptocurrency Regulation next week. What may we expect as a result of this?
I hope that the Pres. Biden executive order on cryptocurrency regulation it's not harsh and against the crypto industry, because it can affect the crypto community as a whole because the United States crypto investors and users are one of the top industry players globally that's why it can affect the crypto industry, especially the cryptocurrency prices. |
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Bitcoin and Bitcoin cash ?
I'm a bit confused now!
The creator of Bitcoin Cash claims that they are the legitimate and better version of Bitcoin, But just remember that the true Bitcoin was created by Satoshi Nakamoto that's why there is no reason to be confused because in reality there is only one original Bitcoin and it has no Cash just Bitcoin the King of all cryptocurrencies. |
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I think it is a wise move for JPMorgan to ride the hype of Metaverse and earn some profit out of it, sounds clever Anyway It's not new because they have also shown some interest in Bitcoin but later on they denied and against it, And today that the so-called Metaverse is on the hype map suddenly JPMorgan have shown some interest in it. My question is What's next for JPMorgan? It's just a pure business nothing more nothing less.
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"How to detect scam token on Binance Smart Chain"
If it's on Binance Smart Chain, it's a scam.
IMO, I think it was a very shallow observation, I dont know if you really mean it or it's just a sarcastic notion but all I can say is not all projects on Binance Smart Chain are scams many are still good, and performing well. and one more thing scammers are not settled on a specific blockchain they are everywhere even in Ethereum there are many scammers too so it's very unwise to tell that if it was on BSC it's a scam. |
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The Biggest Scam Coins In Crypto History https://tradersofcrypto.com/guides/crypto-scams/"Since February 2020, approximately 1,000 cryptocurrencies have been pronounced dead, deceased and no more, with the total death count now standing at about 2400 coins. This equates to an increase of about 71%!" That was already a large number, and I believe it will continue to increase because many projects have been created on monthly basis and most of those projects will also experience the same fate, but my concern is for those people that invest in those so-called dead projects are they okay now? Anyway, Im just asking because it is a real situation and might continue to happen in the market because as we see many newly created projects have also shown weaknesses and might be added to that list, just my opinion! |
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Bounty is a kind of marketing system or marketing through social platforms. To promote a project on a project, you have to remove that project through different social platforms and share it to make the token viral in that project and reach out to everyone. The new one actually takes its place in the market by introducing it to everyone.
IMO, I think you make it more complicated Mate, the word bounty is a noun a term for a particular reward in exchange for an accomplishment or a task, But in the crypto industry, it is a kind of a marketing process to promote a particular crypto project in the social media, blogs, and forums, etc. and the cheapest form of crypto marketing for the newly created projects in the market to raise some funds through an ICO, IDO, and IEO. |
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The Ethereum transaction fees are too expensive to handle in the previous months, but I think it was dramatically reduced nowadays. because I was able to send erc20 transactions in 26 Gwei gas limit? Anyway, the OP is asking where are the cheaper Ethereum fees so far I think you must try the FTX exchange because they have a subsidy for half of the Ethereum gas fees and so far I can say that it was the cheapest withdrawal fees among other exchange platforms and FTX has also offered a free Ethereum withdrawal if you stake some FTX tokens there. FTX is not requiring KYC to trade and withdraw but it was only limited to $2K per day.
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Whales are bullish on Shiba Inu? of course why not they have a large investment in it. that's why they are very optimistic about it. the problem is if those so-called whales are going to dump their holdings Im sure that the market cannot absorb it and it will result in a massive price dump and many will be affected. that's why it is better to observe first before doing it and if somebody wants to gamble then it's your call good luck!
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IMO, I think the author has missed something about NFT's because he mentioned and considered them as an investment when it's not, NFT's stand as Non-Fungible tokens it is a kind of digital art and can be considered as an asset or a property that can be sold in the NFT marketplace and because NFT's was stored in Blockchain that's why it was easy to find it just for the records, Anyway, NFT's are more just like collectibles rather than an investment.
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IMHO, honestly, I was tired of reading this so-called revolution in Bitcoin since 2017 they fork it to do better, but what was the result most of it is failed and turned into a scam that's why I don't believe this so-called revolution anymore its all about money and nothing else. Bitcoin already exists and there is only one Bitcoin and then why do they want to create more? they have bombarded Bitcoin with their never-ending issues, Anyway improving Bitcoin is a welcome idea as long as it will solve the current problems and there's no need to create a new one.
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I guess TRON has already proven its existence as one of the established Blockchain's in the crypto industry, TRON survives the test of time and I think there is still a lot of space for improvements so I believe we cannot judge it based on its capabilities today because it was continuing to enhance and develop further so base on that idea I can say that TRON has a bright future. Anyway, it's only my opinion and it will not change anything.
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IMO, I believe in the crypto industry everything is possible so it means that $1 per Dogecoin price speculation is achievable and maybe happen anytime but not in 2022 because there are a lot of factors that can be considered especially the market stability because as we have seen before the market easily reacts on what was happening on the ground maybe if the crisis in eastern Europe will not solve Im sure it can cause a big impact on the crypto market as well and we should prepare for that scenario.
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I've been researching Ethereum and Tether. Tether is token on Ethereum blockchain. But I cannot find any transaction with Tether on Ethereum explorer.
Can someone please clear things up for me?
I think you are missing some points here, the best way to find USDT transactions in the Ethereum network is via the USDT Tether smart contract on Etherscan, CMC, etc Let us notice that USDT is not only used Ethereum Blockchain because it was used in many different blockchains as well, and Ethereum is only one of them, aside from Ethereum it was also used in OMNI, TRON, BSC, and many others. |
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Please correct me if I got it all wrong, audited projects are projects that have passed some security checkup right? As a newbie I kinda like investing in projects that are audited atleast so back to my question, USDT is the biggest stable coin right? When I tracked it on coinmarketcap I found out that's it passed audits through Certik and Fairyproof, why haven't this clear the rumour that USDT might fail someday? Because it's Centralised? If that's it then why DAI ( decentralized stable coin) haven't grow over USDT all this while?
IMO, I think that audit that you mentioned was only intended for the security of the platform, about if there's a vulnerability that can be exploited by hackers and some other issues involving how it was coded. I know what you mean to say, and it doesn't mean that because USDT or Tether is centralized it will fail It's not like that, it is only one of the many issues and concerns that hovering around the Tether (USDT), and Im, not an appropriate person to discuss it. Anyway it's not comparable with DAI although that DAI is decentralized it was not as popular in terms of trading pairs with other cryptocurrencies in many exchanges I don't know what was the reason behind it but one thing is for sure DAI is more safe and decentralized compared to USDT. |
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