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The ideal cryptocurrency ecosystem in my opinion is the one where all cryptocurrencies are crosschained and can be easily converted to other cryptocurrencies based on their value which will be pegged against BTC. That way, it doesn't matter what coins you are holding, you will have liquidity as much as anyone else holding any other coins and the growth of projects will not just be easily influenced by what exchanges they are traded on but how good the projects are and the value that they offer
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The US banning cryptocurrency outrightly is technically not possible because no one actually needs the consent of any government to own or use cryptocurrencies, what is a possibility however, is the increased regulation of the cryptocurrency market and how consumers are exposed to the industry. For this i believe a democratoic government like the US will have to pass the law through congress and other official channels which will have people on both sides wanting different things. At the end i dont see any seriously crippling regullations from the US government since a lot of big US companies are also already adopting cryptocurrencies
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I think this division will be ready out due to the unregulated m of the doctor currency market however it waiting on coinmarketcap almost seems to do these classifications for investors because you can easily see the amount of volume down each coin as how well it is been traded on exchanges what the historical data is and from the information that you have you can easily make your investment decisions on which cryptocurrency however it is important to note that the health of cryptocurrencies are pump-and-dump cryptocurrencies and will not be successful in the long time so it is also very important to do some digging and analyse the fundamental past of each project before you even try to invest
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The last time i read about this news the hacker had already returned over $342 million worth of the stolen cryptocurrencies to the team and only $268million on the ethereum blockchain had not been returned. Personally i believe that the hacker could be someone close yo the project team and has been compensated in some way to return the cryptos or he/she knows that a large heist of this manitude of 600 million will surely leave some footprints and will be tracked so it wouldn't really be wise to try and liquidate the cryptos
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Bitcointalk Username: cryptobrzy
Current post count: 78
Merit earned in last 120 days: 3
ETH wallet [Must be the same which you used at the standard website.]: 0xE78cDB3D9f835B1a8441e94DdF26B874917f0297
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Holding unto your crypto assets long term is not a bad thing but i believe it should be done strategically and wisely, if you are still trying to grow your portfolio, then you should always form the habit of taking profits when price is making new highs so that you can reinvest when price dips. It is not always smart to hold unto your cryptos for so long and not take profits, you will only loose your gains when the market sentiment turns bearish.
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the only cryptocurrency i believe is too big to fail is Bitcoin. Binance is not too big to fail as a coin and as a company, however, with the type of team and innovative developments going on at binance, they have what it takes to last for a very long time in the cryptocurrency space and achieve their aims
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Elon musk can tweet whatever he wants whenever he wants to, people need to stop putting too much importance on the tweets from people like musk about cryptocurrencies because these tweets have no bearings on the fundamentals of the cryptos in question and any move or rally due to this tweets is most likely a result of price manipulation and speculation.
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trading is a better startegy in the cryptocurrency market when compared to long term holding
Trading can easily turn a 20x increase over 5 years to to a 60x increase in portfolio, this is because with trading and a good knowledge of technology all analysis, you can always predict turning pounts in the markets, take profits and re enter when the price dips, but for investing, you have to dit and hold all through the highs and lows in the markets
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i believe it is only greed that will make someone lose such gains on their portfolio when compared to their entry prices.
In every other business model, people are used to taking profits, but why is it that greed doesn't allow crypto traders to take profits when their assets are doing well. You should consistently sell off when your holdings make certain price gains, no one has a magic globe to predict the market and if you dont take profits, you'll end up losing your gains
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There are two options that you can use right now
The first is to get the help of the admins in changing the wallet address where your new tokens will be transfered to, if that can be done, then its great news and you wont havr to worry about losing your tokens
The second option is if the first option doesn't work (have some eth on standby to use as gas fee)
1. Create a new profile on etherscan.io and add the ETH Wallet address there
2. Create a alert on the wallet address so you will be alerted immediately when the token enters your wallet
3. Send the eth you intend to use as gas into the wallet
4. Immediately the confirmation is complete, send out your tokens
For this second method to work, you have to be very fast
And since you have the alerts and youre the initiating the transactions, you have an edge over the hacker
I Wish you all the best of luck
I have once been hacked through meta mask and this was what i did when i receive some bounty tokens, you just have to be very fast about it..
I realized that the hacker still has my seed till this day, because he later sent out the extra $5 ETH that was left from what i sent for gas fees
I didn't fall victims the second time by simply being faster
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Buying the dip is always easier to say than it is to practice for a lot of investors in the cryptocurrency market. Dips in price is the best time to buy more coins that you have in mind but so many people are always panicking and selling off too early. Buying the dip is something that everyone shiyld be doing more because for all the benefits of day trading, taking strategic investment decisions like this can build your portfolio better especially if you are still new to trading
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NFTs in my opinion are still the hottest type of cryptocurrency in the market right now, they serve a market that is very large and a market of passionate users like the gaming or art industry. That way, non fungible items backed on the blockchain will always be valuable and can be used for financial transactions in the Defi space.
The animal meme coins however shouldn't be taken too seriously, mist of them will die off just as fast as they were created
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ETH by all means and purposes have already accomplished a lot of things that BSC is hoping to achive as a lockchian of cjoice for the development of new and innovative cryptocurrency projects, and even though we all like to point to the high prices of ETH gas fees, it is worth remembering that these same gas fees were once very low too and there is no guarantee that BNB will not have the same problems in the future.
BNB right now is more attractive than ETH as an investment option, but i don't see it overtaking ETH as the second top cryptocurrency anytime soon
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Indeed many scam projects are existing nowadays, no use case and cant solve real problem. But some investors prefer the easy money route to earn, like the pump and dump shitcoins which is popular on social media particularly in facebook. Many newbies are attracted to these shitcoins because of the huge growth in span of weeks if you happen to be one of those who buy early, but its too risky.
Instead of investing in these kind of coins, it would be better to take time gaining knowledge on how crypto works. A real project has a working product that even the market turns bearish, the value still remain. Newbies should have deep understanding before engaging themselves to avoid getting scam and lose their hard earned money used as capital.
Youve said it all and some more, pump and dump coins are often seen as easy money by newbies and even some seasoned investors promote some of these coins. Investing in such cryptocurrencies isn't necessarily a bad thing, but investing without the knowledge of the type of cryptos that they are is where the risk lies. A good example are the new wave of meme coins we have seen over the past few weeks Everyone both newbies and people with more experience should always do due diligence before parting with their money. |
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Scams are like the most constant thing in this present cryptocurrency space both in the bearish and bullish market. The bullish market that we are in offers a rich hunting ground for scammers because a lot of newbies are getting involved in cryptocurrencies now more than ever before because of the opportunities that they believe exist and it is really easy for them to fall victim of scammers.
Newbies must take their time to analyze projects before they buy this coins, especially the new coins that appear out of nowhere have have made massive returns in a few days shooting them up to the top movers category on coinmarketcap. Most times some of this coins are created for pump and dump purposes and if you are not careful, you will find yourself buying a bag of coins that can dump anytime and put your portfolio in a big loss.
Successful projects often have strong fundamental attributes to back them up such that even in a bearish market where the growth in valuation of the cryptocurrencies may not be huge, work still continues on the projects development and the project community sees it.
These fundamentals is at the heart of what makes most of the great projects we have today successful
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