But the problem lies the fact that there are so many gullible users today. Even if it is a clear scam or fraudulent project, people will try to get a hold of this hoping that they will get lucky and get profit. Unfortunately, in most cases, they will be screwed by scammers. Just look at the squid game token. So people should be smart as there are so many scammers roaming around, just waiting to have a good bait for naive users.

The dilemma is that a lot of artists are not yet well-versed with NFT industry. I guess, most old artists or unknown artists don't know how to turn their artworks to NFTs. So it will take time for them to understand this new hype in the art industry. So if you are a buyer, you need to be vigilant with stolen works. Before you buy an expensive NFT item, make sure you are getting the authentic piece. Because once it is proven your possession is stolen or just imitation, your investment is gone.

I hope the OP already resolved his gas fee problem in BSC. Because he didn't elaborate much what wallet he is using. Because such expensive fee usually is because of third party provider. Because even when you transfer from one exchange to another, the BNB fees are also cheap. So high likely, that this is a third party provider charging high fees.  Anyway, the OP should explain more about the situation so we know where the real problem is.

It may not be new year, but the future of cake is better than most tokens. Why? In my opinion, because pancakeswap platform is being used actively by a lot of traders, there's always a chance that their value will improve. They may even attain again their previous ATH. But targeting the very first day of next year, I don't think you will see a large jump in their price. The price is increasing if you look at the charts, but it doesn't mean you will expect a high rise when new year comes.

NFT gaming is already taking off and some of them are actually doing good like the Axie Infinity. And I believe, this will continue for long as there are many gamers across the globe. And they are just like in the early stage of popularity among gamers. Now, they are discovering that they can earn tokens that they can convert to real money. Because before, usually, gamers are just spending big amount to their gaming gadgets without expecting any income. But with the rise of NFT gaming, the possibility of earning good money is here, but you need to be smart in choosing the NFT gaming platform.

This is what I am doing, whenever I have to transfer eth from my wallet to another trading platform. You will see the gas fee that you need to pay. But if you will customize it, and set it a lower fee, I don't know how long you will wait for it to go thru or if it goes thru. If you are not in a hurry, you can monitor the gas fee here - https://etherscan.io/gastracker, and just make a transaction when you feel you are not being screwed by high fees.

Every successful investor has their own ups and downs. I don't think you can consider one successful, if he doesn't experience any loss at all. This is where they will learn their lessons, when they experience loss and learn how it happened and the mistakes they did. They will use those learnings to combat their next battle and not give up. Because if they will give up, I don't think they can achieve success. So those who will not give up and continue their journey will gain a lot of lessons, tips and tricks that will aid them in their success.

This is where diversifying your portfolio comes in. But make sure you are are investing in valuable projects with active application in the market and not just because of the hype. Look for their active users if indeed it is doing the job it supposed to do. Because no one can give you precise prediction of this market, so you have no assurance where your investments will go. So I understand if a lot are having their fears, particularly, if they are using their hard-earned savings or retirement funds.

I believe it is only a matter of time before we see reduction of gas fees in eth network. And besides, eth dev team is for me, one of the solid team in crypto that are really doing their job to enhance the services that they are providing to the crypto community. They are in continuous innovation to offer better services, that is why they are launching this eth 2.0. So at any time, you can buy your eth, and sell it once you feel you already attain your profits.

Most projects can't continue their developments because of lack of funding. So for projects which are relying from their crowdsourcing funds, they can easily abandon their project once they have no more funds to augment their needs. So if you want to follow a solid project, check if the platform has private investors or financial backers aside from their crowdsourcing activities. Because with financial backers, they will try to achieve their goals because someone is financing them to achieve their targets.

Some people are into scalping but not many crypto users have that kind of skill to gain profit from this trading strategy. This is why some people just opt to long-term holding. There are several promising coins to hold, but don't forget bitcoin to include in your list. You will not regret including bitcoin as this is the top coin among all of them. So if other coins are being abandoned by their respective developers, we know that btc will stay.

This is the difference of the situation right now, the adoption today is different than 3 years ago. There were so many happenings that already influenced the market today. So there may be dump but it will not be the same as the adoption is stronger than few years ago. A lot of institutions, companies are heavily invested in crypto, even one whole country, in the name of El Salvador is already into this. So don't think the dump will be the same as 2018.

ETH, BNB, and SOL are very good choices for me to accumulate while the market is still in "bearish" mode. Because once the market is in the bull run, you may regret that you haven't bought your stash for promising projects. But of course, I will always include btc in my list. Because if anything goes wrong, we know that bitcoin market will survive. But to diversify your portfolio, there are really valuable projects that you can get your hands into.

They maybe rich in terms of assets or funds, but have you think of asking them, are they really happy and contented with their life? I guess, a lot of them are not contented for what they have because they keep on pressuring themselves to earn more. But for some poor people who are living in the countryside, I believe some of them are just happy for what they have. So in this case, we are only talking about the richness of people in terms of money or assets, but when you talk about different aspect, you may change your mind which one do you prefer when you are already in the retirement age.

You are actually right here. 2 years in crypto market is too long to speculate because that is already like the lifespan of most crypto projects. Though the gaming platform seems promising but it depends on the developers behind this project if they have long-term goals for this and if they can keep up with their timeline. We don't know if along the way, there will be bottlenecks and the team decided not to continue. So there's always possibility of happening such situation. So if you are investing on this, look also for short-term and keep up with their developments to know if they are indeed working on this. Because if you feel they are about to exit, better sell off rather than hold worthless tokens.

I only know Binance as having insurance (SAFU), but this bitmart exchange, honestly, just heard this exchange because of this recent hack. Also, if the OP can give a link so people can read about this recent hack.

https://cointelegraph.com/news/bitmart-pledges-to-reimburse-hack-victims-as-crypto-community-voices-support

From the article, it is stated that the exchange will shoulder the losses. So don't know how they will cover those multi-million dollar losses. For their users, check their fees later on.

That is, if he has other resources that can cover if in case he is not lucky with his crypto investments. Because if not, and he is only relying to the possible rise of value, I don't think he can sleep peacefully here, knowing that he needs to return the loan as well as interest for a specified period of time. So if you have no other means to pay off the debt, I won't suggest to make a loan when it comes to crypto investments. This market is very unpredictable and you have no assurance that you will attain your targets at a certain time.

We can't pinpoint the culprit/s of this seemingly bearish market movement. But if you compare the price even from last year, can you say we are in the bearish mode? I don't think so. Because last year, we ended up below $30k level, so comparing its price today, which is already in the $50k price range again, we can say it is in the bullish mode as compared to last year. So yes, it depends on what time frame you are comparing here. But for me, I just be grateful that we achieve this level where I believe most old time btc holders never imagined that btc will attain this price.

I don't think we will see this in our lifetime - the conversion of central banking system to crypto system. They will stay where they are and they may just integrate crypto system but the traditional banking system remains. The decentralized nature of crypto is the major aspect why most governments don't like it. They need full control and so why they will stick to the traditional system. Let us be grateful that a lot of governments now are accepting the existence of crypto. But don't expect that they will alter their financial system owed to crypto.
But I do agree that most bitcoin holders today are seeing bitcoin as investment not for day to day use. As much as possible, they want to hold it for the hope that they will get very good profits in the future.

This is true as a lot of countries are relying from China when it comes to their products (cheap products), but it is not the end of the line for those consumers. They can always find better alternative to these products, it may not be as cheap as coming from China, but maybe of better quality. People will always find a way how to survive so for me, even if countries will not get something from China, there will always be other doors that will open for them. The impact may be felt initially, but in time, they can always recover. Life goes on, they are not the ultimate reason why people can survive.