Latest posts of: Godwinpaul

NFT seems like the next big thing in the industry and from my perspective, they are overvalued. I feel NFTs happen to be trending due to the fact that the industry is going through a different phase and before long we would have other trending phenomenon in the cryptocurrency space. I don't see NFTs disrupting the traditional economy as its too exorbitant and most mundane individuals cannot afford it.

Recently, we've not had any substantial upward movement in the value of Bitcoin and I think it's expected. As we can see the market is bearish and that explains why the value has been rallying around close range. The great thing about the market is that we could have a bull market anytime and this would change the atmosphere of everything.

I personally don't see a big deal with the records of new projects being listed on coin market cap daily. If we're to consider the number of offline businesses that are registered daily, it would not be close to the figures that we have in the coin market cap. In fact, it's a welcome development for us today know that more people are gaining understanding of the industry and willing to follow through with their resources.

It's a norm to have the value of cryptocurrency decrease. This is not an end in itself because the value would increase after a while. This explains why they say the cryptocurrency market is volatile in nature. There's no point taking the market movement personal as that's one of the reasons why some persons are in the industry to take advantage of the fluctuations.

I really don't see any need for panic, because the government is yet to make a final decision as regards the Pow algorithm and they're only considering the ban. I'm personally not scared probably because I don't have a substantial amount of Bitcoin, but majorly because I know we've heard countless times of government ban and cryptocurrencies are still Striving across several climates and countries.

If I'm to choose between investing in Ada or bitcoin. I'll most likely go with Bitcoin. There's no doubt that Ada is a good project and also has the potential to increase, but from my experience and knowledge, there's really not been a big break for Ada as the value has been ruminating around single digits and decimals for a long time now.

It would be awesome to have the bull run again. It was predicted that we should expect the bearish trend and that has been the case for over a month now. A whole lot could be accomplished during the bull market and if we can have bitcoin move upwards, most other altcoin would follow along.

With the rate at which the market is going, we can only hope that year 2022 would be a good one with bull trends. I really don't see anything difficult in getting dogecoin to $1 if we have an elongated bull run, coupled with the hype which we could have from influencers like Elon Musk. There's so much that we could accomplish in this space with a good market condition.

Selling out or converting your portfolio to USDT after reaching a 60% loss is not a good idea. It would be best to accept that you're late and wait for the next bull run to get a profit. I'm of the opinion that there's actually no loss made since you still have your coin and could sell for a higher amount in the near future.

I feel the first coin that should be in everyone's wallet is bitcoin and ethereum. These coin are the fulcrum of cryptocurrency and as such those who are coming to the market should have a portion of Bitcoin and ethereum. The amount held could be increased upon and when they're other good projects, altcoin could be purchased to earn from market volatility

When it comes to the viability of altcoin, it may be difficult to give a perfect altcoin, so we consider altcoin based on the criteria we consider relevant to the viability of the project. I personally have a thingy for metaverse projects. I feel they have what it takes to increase substantially and based on precedence, metaverse tokens have stand out for their viability.

Holding on to one's portfolio is no doubt, a great idea if the token is from a good project. I've learnt my lessons from terrible experiences in the past and I've decided to always keep a portion of my coin even if there's a good reason to take profit. Most times the next bull run out ways the previous one and those who have the tokens intact smiles to the bank. There's really no need to panic as the market prices are never constant.

The issue with ethereum gas fee is getting frustrating by the day. We expected that the issue should have been resolved before now, but it's over two years now and we're still faced with this problem. I'm always very conscious about the gas fee used for my transactions and in most cases when I have the opportunity, I switch to binance smart chain or tron blockchain time carry out my transactions.

The cryptocurrency industry is moved by predictions and most persons bought into the coin, basically because of the hype and we all know that Elon musk is capable of pumping whatever he lays his hands upon. I personally believe that the floki coin was created by someone who wanted to take advantage of the announcement and had a breakthrough because the pump was massive.

The cryptocurrency market reward those who are not only diligent but are also good at taking advantage of the opportunities in the market by preparing ahead. It may be difficult to gain the skill of prediction as one may have to predict the outcome of the market forces to benefit from the volatile nature of the industry.

Bitcointalk username: Godwinpaul
Current post count: 200
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It feels like metaverse is striving to take the cryptocurrency industry by storm. Most of the projects that are built on the blockchain are doing well. It would be a great idea to get some of their tokens for long term hold. You never can tell when the next pump would start and which of the projects would be lucky.

I've known the end of the year to be bullish and it feels like this year is not towing that line. The market has been volatile and only those skilled traders would be able to make the best out of the situation. I do wish that the value of Bitcoin would skyrocket to serve as a boost to altcoin.