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Coming from another perspective, I think Bitcoin is depending on what lies within to keep growing and that is what has been attracting people till today, which is trust; Ethereum is also another coin which is trying its best to keep updating its platform to be better and this is why they are good in their different aspects. That am trying to point out is that, an altcoin is meant to be unique and the team are meant to be hardworking but that's not the case with most altcoins today, people go for value and once it is not found in that project they will move to another.
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I don't know much about this project so won't be quick to call it scam, however it's left for you to take some steps more to checkout certain things about the project to know their level of trust and commitment. First, you need to check the team and be sure they have the needed expertise to keep the platform running, not that they will pretend to work, attract users and then start filling their pockets. Another is that, you will need to check the community members and see how engaging they are and how far they are speaking well and promoting the platform. There are other things to checkout for such as the level of growth so far; from all these you can make your decision either for long term or short term. Lastly don't be moved by hype.
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DEX are good and they would have been better if they have good volume comparable to that of centralized exchanges, however, I believe one day there will be a turn around. Also, it is already known that centralized exchanges are not to be fully trusted especially in terms of security and with record showing a good number of them being hacked proves that fact that they aren't secure, therefore in this aspect, DEX have an upper hand. Furthermore am just getting to know about other DEX with even better volume which shows the future of Decentralized Exchanges are getting brighter each day.
Lastly, personal security is very important and should be taken with utmost care and seriousness.
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Binance coin and Ethereum are good coins which already have everything in place to appreciate in value owing to the fact their team are active; to be frank the activeness of a team in all ramifications will always have a very good and nice effect on their project and this is what these coins have. Therefore I can say they have the chances of growing more this year, another coin I would suggest too is ADA. Lastly, Bitcoin is the number one coin to be held because it always have the greater edge when there is a favourable market; that is, it is more trusted when it comes to giving profits both long term and short term.
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Do you mean to say an altcoin having a flagship on blockchain technology which can make it moon? There are many altcoins today which are just worthless, others are just for pump and dump etc, only a few are good to hold which are also trying their best to retain their values and objectives. Lastly only altcoins with something to offer can moon because when people start seeing their worth and use cases they will be driven to buy thus leading to an increase in price (or moon).
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Binance listing a coin is normal just like other exchanges but to maintain the price is an entirely different thing because many factors comes to play such as market conditions at that point in time, how the team are playing their own role etc; all these conditions can either lead to an increase in price or a decrease in price. Also, from another point of view, most times when a project that is trading on another exchange wishes to list on Binance maybe through community voting, it's a normal thing for the price to surge because people will buy but it has been seen that once listing takes place on Binance, the coin tends to dump owing to people selling off. This is another case scenario to look at and thus people should be careful of all these coins listing on Binance via community voting, if you want to hold, make sure the team are hardworking so that the project will retain its value.
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Well anyone still leaving large amount of funds on any exchange knows the best because no exchange is safe. For the first (1st) question, fingerprint doesn't protect your account from any hackers or security breaches it is only a convinent method of security whereby instead of continuously typing your login details every now and then, you can easily login and carry out other functions with your fingerprint scanner.
For the second (2nd) question, 2FA is very important in every aspect which is why in every exchange, no finds can be withdrawn without first setting the 2FA; this 2FA can still be via SMS or Google/ Authy authenticator. Also, it is good for securing your account from hackers but if the hackers were able to attack the exchange directly, it will affect all users irrespective of the 2FA because all data are stored on the exchange.
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At this point in time, I believe many people have gotten more knowledge about the crypto space and so on, while some will likely go for trading some might resort to investing in IEO and so on, it all depends on what the person wants and how to go about it. Now talking about the fate of the crypto space; the fate is a good one because it will only continue growing no matter the odds being faced at each point in time. Also, since there is more to be expected from the crypto space it means that everyday, the crypto space will continue proving itself worthy for long term investment; this pandemic has shown the potential of crypto to the whole world.
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I agree that crypto success takes time but the question is how long? And within that time, what have the team been doing to show they are working? There are projects who are still not in the market neither are they showing or giving their community the impression that they are working, but keeps saying they are working, such projects like this don't need time because it's obvious they aren't doing anything. On the other hand, I will stand with a project which is working and it is evident for everyone, projects like this, are those that needs time and when they are done, the wait will worth it. Therefore let's be careful of those projects which claims to need time but aren't doing anything.
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A cryptocurrency can go up or down and that's one of the nature of this space, in each case, the movement is determined by the market at that point in time as well as the project itself, that is, how the team are working to ensure the platform keeps growing. So as for this NRG project, I don't know much about it, but if the price keeps going down it is wise to knowing what the team are up to and also if what they are working on will contribute to reverse the price. So basically, the market always have its effect on projects then it's left for the team to try their best to contain the situation.
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I noticed that they do some kind of USDT Fixed-Term Deposit campaign every Monday. It seemed intriguing, but I'm a bit scared to try. Did anyone try it already? How was your experience?
I know of Bigone exchange and I have used it once or twice and the experience was smooth, but about this USDT Fixed-Term deposit, am just hearing about it. From the name it looks like you will deposit some of your USDT which will be locked and maybe every Monday you get something out of it, this is just what I assume it is. However, before getting involved with anything about investing it's better to ask the team questions because they are the ones in a better position to answer correctly. Also, in situations like this, make sure you read the conditions surrounding it so as to make good decisions. |
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These are good coins I must say starting from Ethereum followed by ADA and NEO; all these coins have good platforms and good communities as well, also their team are active as can be seen in the case of Ethereum where an upgrade is coming soon, the same with ADA too. With these few points, I would suggest you hold them a bit more as they have a good future ahead of them. But however, if you are still sceptical, you can sell half of each of the coins and hold the rest.
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I'm going to deposit some money into Binance Lending, i find BUSD's interest rate is 1% higher than USDT. Which one is better?
In the entire crypto space the most recognised stablecoin is USDT, there are others though but USDT tends to outshine all despite everything that has been said about it. But in the case of Binance lending, of course almost everyone involved will like to give reference to their stablecoin thus using it more. In addition, in this particular case, I think using BUSD will be better so that you can have the best interest rate as pointed out by you. There is no need to be afraid of BUSD since it is backed by Binance exchange. |
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Testnet means the platform is still been built and implementation of features still on of which there will be errors, bugs and so on which will be pointed out and worked on ; even the tokens generated then are always used to test work certain functions to be sure they (team) are doing the right thing. So my opinion is, No I don't think any platform would even think of listing their testnet tokens; come to think of it, what will happen when the platform is fully active? The team will only think of going to exchange when their platform is ready and they have minted the correct native coin.
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My own opinion; Binance exchange have a very good customer care service that are ready to attend to users. Of course the exchange generates high volume on altcoins because of the number of users which is also a very good attribute of the exchange. Also, when analysing the number of successful IEO, Binance tends to lead. Furthermore, the team tries their best to bring in more features everyday which will attract more users and of course their mobile app is being worked on frequently to show how ready the team are in making the exchange user friendly. Lastly, when it comes to security, I don't find any exchange secured enough (mostly centralized exchanges) thus I won't be saying much about the security of Binance exchange.
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Joining any bounty depends on what you finds out about the bounty and if its good for joining or not. About Probit bounties, the worth being stated might be different at the end, that is, after IEO and trading starts it might dump or it might also increase. That is to say, let the reason for joining the bounty be on the ideas, use case and not necessarily on the exchange such that even after IEO the price will still be reasonable enough. In my own understanding, Probit is an upcoming exchange which is still good and also trying its best to maintain a good reputation.
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These ranking sites used to be good and then they started doing the wrong thing which led many people into losing huge funds in bad projects endorsed by them; sincerely it is a huge mistake to trust those ranking site. It's good ICO are no longer existing else people would have continued using them and thus investing in some scam projects which will have nothing but hype. Nowadays, it is better taking your chances with IEO on top exchanges where there is a good opportunity to make your decisions and make profit.
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