|
Looking at the cryptocurrency market generally, it's natural to believe that BNB price should be seriously competing with Ethereum. How the BNB price skyrocketed from last year to attend an ATH would make us believe it will reach 2k dollars now. But woah, this isn't so.
With matic, tron and other popular coins appreciating recently, i think BNB have lost its chance of reaching the 1k dollars many are hoping, soon.
|
|
|
|
|
NFT is a hyped technology and i believe will crash soon. It's popularity happened so fast, and just like a "pump-and-dump" coin, will fade very soon. I just hope those NFT lovers investing so much in it will be able to deal with the loss
|
|
|
|
I have seen topics and posts around with incredible amounts of misinformation. Mostly posted by newbies as their first or second post. Most people that have been in the crypto game for a while knows to take most "news" about crypto with a grain of salt. But some people that are newer to it might fall victim to fake information or fake investment "guides" that tell you to invest in some token that is, to an experienced person, obviously a pump and dump or scam coin. A friend of mine who is semi-new to this called me a couple weeks ago frantic, telling me that he had seen a prediction about some random token and told me that he might invest in it if the returns were real. He asked me if he should go for it, and I told him that he looked alot like a scam project. Its a good thing that he didnt put capital into it, because within a week of him seeing this article on the token, the website for it was gone. This is an example of how easily people that are new to this get tricked into losing their capital. Theres really nothing anyone can do about it, but I think the easiest way the prevent scams and slow them down is to educate people that are new to this.
I agree with what you said about newbies and falling for fake information and scams. But when you suggest educating new people, which platform do you intend we do that? Is it on twitter, facebook, etc, or here on bitcointalk? |
|
|
|
|
If you are into staking only for the rewards then i will say it's not really cool. Most of these coins don't have reasonable APY, you can stake them for a very long time and still come out with little profit which won't compensate the time. But if you are staking as it's a fallback investment, then you are good to go.
Do well to check token APY and staking conditions before choosing which token to stake
|
|
|
|
|
Matic have really gone a long way already if we want to talk about the price. Transacting on the Polygon blockchain is very cheap and Matic is very cheap as well. With the current gas problem of the Ethereum blockchain, soon investors and projects will migrate to the Polygon network, sequentially increasing the value of the Matic token.
In my opinion, acquiring the matic token which is still very cheap at this early stage would be a good investment and would pay off in the long run
|
|
|
|
|
We can attribute that to countries we are. While some countries support bitcoin use, others have placed strict rules against the use of the new currency and in such places, cryptocurrency use is always kept a secret.
Secondly, most people (newbies) have probably had a negative experience or heard stories from fraud victims whom were scammed with bitcoin as it is easy to penetrate this crime with bitcoin. As such, anyone in possession of bitcoin is usually perceived to either be in possession of something illegal, or earned it illegally.
Thirdly, the value and hype that is given to the bitcoin is a good enough reason for a holder to keep it secret.
|
|
|
|
|
It's true government regulations has its way of treating the bitcoin run harshly, but unfortunately for everyone hoping for new all-time high or at least a greater value, whales and top influencers also have a way of getting a grip of some gold and make off, dragging down the bitcoin price. We've have seen that happen in the past and it's very likely that it'll happen again soon once this whales have loaded up enough profits for themselves. So yes, bitcoin has other threats i would say are underrated
|
|
|
|
|
There is so much attention given to the sports sector, especially soccer. With the number of big names in the sports sector, i don't think there's a better way of promoting a cryptocurrency than the use of this sports icons. It's actually a win-win deal for sports and cryptocurrencies.
|
|
|
|
|
I think younger investors are a bit shy in terms of finance, as such are disposed to risk the little they have to gain more, since cryptocurrency is generally perceived as a big risk big profit investment
|
|
|
|
|
Show Posts
