As a trader, sometimes I convert my holdings to stable coins (especially USDT since it usually has more volume and trading pairs) , when I think the market will dump or when I'm off for a while and can't watch the market. This is because I day-trade so I have to be very careful to avoid losing big. Asking if buying stable coins is good or bad idea depends on the purpose for buying. Buy when you want your holdings to be stable in price escaping volatility or when you want to trade on stable coin pairs. Normally you should know that buying stable coin for long term is not profitable, since price is almost stagnant.
It could be profitable if the fiat that used to backup your stablecoin is increasing in price but considering the volatility nature of cryptocurrency that might not affect that much. Only if stablecoins reward holders for staking that'd be a little profitable. |
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I have heard that there are some exchange platforms that deceive traders and even owners of new coins, Tell us your story with a bad exchange platforms that you do not recommend. Help others to avoid this exchanges that cheat traders
I can remember an incident that was happen with me. Normally i have had tread on "Mercatox exchanger". Everything was Good but when i did withdraw from that exchanger to "Binance", my dollars had vanished. After some Research, Actual reason I've found is that,, Some exchanges doesn't support desposit/withdraw from exchanges to exchanges. So be careful about it. that's straight up an abuse. I mean, it's their own users right to trasfer the money to wherever they want. If an exchange doesn't allow transfer to certain exchange that's just the same as scamming. That kind of exchange should be closed because they are the same as stealing their own users money. |
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Well, even if there's exchange that is going to overtake binance position and becomes a popular exchange with the most highest volume and market capitalization ever in the history of humankind what that have to do with people anyway? at the end of the day it's still an exchange, we just use their service to trades not to get free money. There's no need to keep an eye to all those new exchanges.
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It's always up to the investors to decide whether they will put their money into that IEO or not. Some low rated exchange that the sole purpose is for making IEO and getting the money is indeed a threat but with proper information for all the people, they will definitely be aware and avoid such an exchange.
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Stablecoin is necessary specifically for traders that wants to save up their wealth so that they will not be affected by the fluctuation. Need to note that the fact which proves stablecoin grow really fast in the recent few months alone but having so many stablecoins in the market is not a bad thing either, it's a free market after all. But choosing only one that you deem really reliable is also important.
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After seeing that the US government saying that yuan's fall is a manipulation, I could somewhat guess what will happen next. The economy war will still goes on and some people might consider cryptocurrency to save their assets despite the volatility. However, doesn't necessarily means that most of people will do that. This bitcoin sudden soar in my opinion is caused by the hype of that news.
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Well said. ICO is very much associated with scam but there are very low chance to do scam in IEO. Actually, if any project wants to do IEO as their tokensale then they will be needed to pay exchange for hosting them. But scammers will not give money to anyone from their pockets.
That's why, IEO is trusted, reliable,faster and easier for investor through exchange.
Only IEO from popular exchange, there are so many newly created exchanges trying their fortune to starts an ICO with an obvious intention for the instant money. an IEO from popular exchange might be reliable, legit and so on but if you found an IEO from a not really well known exchange that could turns out to be something phishy because if the IEO they created turns out to be a scam they have nothing to lose. just be careful. |
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The fee that you mentioned in the post above is by no means cheap, they are taking advantages of the volume not and individual transactions. But, the fact that there are so many unverified third rate exchanges that have high probability of being manager by irresponsible anonymous they can easily sell your data in the darknet.
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I am seeing a lot of trash apps in Appstore, and I can imagine that some poor guys are depositing their coins and get scammed. Always google the name of any programme and investigate this app of its legitimacy before you download them to your device.
I think people just need to learn to be smart, with this level of development, I think people should already know they will always verify an application before installing it, even before cryptocurrency was invested, there has always been same application in the market, even in the games that we do install from the store in which some of them are just there to spy on ones pc and also there to directly scam people. The best way to ever install and application is to go through the website directly and even when going through the website, there is also need to crosscheck the website and be sure that it is a verified one. I am sure that any genuine website will have a link to the correct application on any play store where they exist for people to download. Downloading through website is a lot more dangerous than from the playstore or appstore directly. Atleast in playstore or appstore they have regulation to prohibit this kind of apps and if all these phishing apps did get in they will removed after someone reported it immediately and take prevention in the upcoming time but website? even you need to change your default settings and be warned first to be allowed to install app from random website. |
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CMC for android have the feature to manage your portfolio aswell and considering that most of the people here are always watching the coinmarketcap website it does makes sense that the portfolio that you manages there will have a reliable real time update regarding the prices.
Blockfolio is also good but it's all depends on the personal preferences of the users.
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Because only small percentage of people uses privacy coin. Imagine if crypto becomes really popular and everyone knows this kind of privacy coin and you are trying to use it then being figured out by people close to you. What kind of weirdo mockery will be pulled on you LOL.
Most of people that uses crypto generally doesn't even think about this kind of anonymous currency.
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Disney has become the media giant and has been on a spending spree for the last decade buying up different ips.
Facebook has been buying up all their competition and is the dominant social media company and nothing else can compete with it.
Companies become so big and they have enormous power over us, do you think companies like this should be broken up by the government or be allowed to reign supreme?
These companies are operating in a country, where the free market is practiced, as long as it is legal and they pay the right taxes, you are allowed to expand your business, it's actually good for countries to allow this to happen because it means employment and revenue through taxes, I don't see any disadvantages, you did not specify either what's the disadvantages. Well that's undeniable, all these companies are obeying the law paying taxes and when doing wrong get fined also they paid it. That's the nature of free market but the disadvantages might be some people out there who are still small scale companies trying to compete with all these big boys will definitely have a hard time. |
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can we possibly have an Exchange with little or No fees for trading and transfers of token. is it possible of having such platform especially for we that depends on Airdrops to earn crypto. seriously No time for bounties or trading. but it seems that we have been left out because the little we have can not be transfered to exchanges.
Quite a pity.
Running an exchange is not an easy tasks. There are multiple expenses involved, starting from purchasing the domain to hiring the support staff. If the revenues don't come from the trading fee and deposit/withdrawal fee, then they need to find some other source for the income. Advertising revenue may be one of the avenues, but I doubt whether it can be big enough to fund the exchange solely on its own. If you don't want to pay any exchange fee, then use a decentralized exchange. But then, nothing in this world comes for free. If you want quality services, then be ready to pay for it. Also to mention that an exchange really need to keep monitoring their security and improves. If it is a centralized exchange there's just no way it can hold without the fees, although there's some way that can give them money other than demanding fee or putting ads which is hosting an IEO and take some fees out of it but that's not a guaranteed income for the exchange. The only way that makes sense is an open source automated decentralized exchange. |
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Never enter your private key even if the DEX demands it. It is the most common thing which people usually forget, giving away your private key meaning you have given away the authority to someone else to own all the funds inside the address. There's still a chance that the DEX will log your privkey and save it up to their database.
To note, only use popular DEX that already trusted by the community. However speaking of security DEX exchange hardly and rarely being hacked by anyone because of the decentralized nature, the only thing you need to be aware of is how you keep your own private key.
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I don't think that Libra by any means will be used as a pair in some of exchanges, they already have USDT so why bother adding more stablecoin like Libra to their exchange also to consider that there might be so many complications happening from the facebook's side and the regulator side. That just a bad business move, if it ain't broken don't fix it.
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Recovering 8 letters is just impossible in my opinion. some people could say there is way, well there is only if the privkey is still saved on your computer otherwise that's pretty much impossible. Except, you want to spend your resources and time to do brute-force for that 8 letters millions and maybe billions of possibilities. Not to mention that to brute force that many possibilites it'd definitely take so much times.
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increases or decreases that's up to the market to judge. There's plenty of coins out there that had halvening but still being dumped anyway. However this halving will create some kind of thoughts on so many people that Litecoin will become scarce due to the decreasing of block rewards.
But still, that doesn't necessarily guarantee the increase of price. If the coin has no demand then the halvening is as good as nothing.
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Till now BNB coin traded above 30$ but due to market situation the price of BNB is fluctuating, every 3 months the price of BNB is increasing because based on the roadmap the will burn the buyback coins in the market. As long as this Buyback is happening the price of BNB will surely increase in the market. Despite of that, buy back doesn't guarantee the price increase. The fact that BNB usually function as a way to get enrolled into their IEO is what adds demand to the coin the most. So many people are buying BNB for that sole purpose and also to mention that it can acts for you to get discounted exchange fee aswell. The coin itself basically has the foundation to support its price to be what it is now. |
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It is just the people, everyone can make their most shadiest and shittiest altcoin there is but if no one is going to add some demand that coin will be the same as nonexistent.
The main purpose of open source project is available to everyone, even to scammers aswell which just unintentionally happen and what's left including which one is shit coin which one is good coin is up to the market to judge.
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No one could know. Blockchain.com has exists in crypto world since so long ago even before Binance becomes a thing. If they really trying to make an exchange to compete with Binance they'll surely have a loyal userbase for that. But, whether it could really give Binance a good competition or not no one really knows. Also to mention that some people usually will just stick to an exchange or two for convenience without really looking after other exchanges if there's no problem, that'd take sometimes I guess.
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