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Bryan Pellegrino posted this message as a response to the discussion that arose after the publication of the LayerZero message on Twitter on December 7.

Of course, you can trust your intuition, but I prefer to trust the words of Bryan Pellegrino, who is the Co-Founder and CEO of LayerZero Labs, published in the official chat: "There will be public comms if there is a snapshot or anything of the sort no need to guess, comms will be clear" - https://t.me/c/1540062342/84652 So it's too early to stop)

I am sure that there was no glitch, and such a high price is due to the high volatility of this coin, which was at the very beginning of trading after listing on the stock exchange. It could also be explained by the fact that there was very little liquidity, but Bybit can't have a problem with that.

This is a cryptocurrency market and, accordingly, everything is possible here, even the impossible. So, even if you are sure that Bitcoin will reach the price of 50 thousand dollars, do not forget to set a stop loss, which will help you reduce losses if the price moves contrary to your expectations.

It all depends on whether you have already formed a cryptocurrency portfolio or not. If you have already bought coins before and now you have an additional $ 500, then I would postpone purchases, since the market is currently at a high and would wait for a correction.

The number of transactions will not be the only criterion for receiving airdrop. In addition, the number of interactions with various contracts, the volume, the date of the first transaction, and others will matter. And in each of these criteria, a minimum value will be set, which will eventually limit the amount of eligible receive airdrop.

There are 2 ways to learn how to trade: Either you buy training, or you learn on your own. In both cases, you will have to incur financial expenses. And if in the first case you will pay for tuition, then in the second you will lose your money, while gaining knowledge and experience. And since you have chosen the second method, you should continue to educate yourself, but you must remember that you will need more than one deposit to learn how to trade with profit.

It's good that you have a professional friend who can tell you which coins you should buy. But it seems to me that his advice will not be enough for you to make a profit, since you do not even have the minimum knowledge for trading and your ability to count profits will not help you in this. You shouldn't spend so much time on math, focus your efforts on learning how to trade.

These are just your desires, which are far from reality. And I doubt that you will be able to increase your balance by 30% every month, especially since you can't even calculate the final result yourself. In my opinion, if your balance turns out to be positive after a year, then this will already be an excellent result of your trading.

Well, that's just a guess. And if the picture has not been taken yet and you stop being active, then you deprive yourself of the opportunity to receive airdrop. I think that we need to continue to show minimal activity until it is officially announced that the snapshoot has been taken.

Yes, you calculated everything correctly, but the main problem is that there is no guarantee that one of the five coins will give you a profit of 1000%. A more likely scenario is that the price of all five coins you bought will eventually become zero.

Of course, your friend's desire to learn how to trade is straight. But not everyone who decides to learn how to trade will later become a successful trader, even if they studied with a trading master. Such people can always try themselves as a long-term investor, which, as practice shows, is even more profitable than short-term trading.

I think that the team will make an announcement about the date of the snapshoot shortly before TGE, otherwise everyone will stop being active in anticipation of the airdrop. After all, no one will conduct such a number of useless transfers among various blockchains if there is no reward for it.

How much it is advisable to invest your money in this coin, we will be able to find out only after some time. But I would refrain from buying a coin that has grown by 8000%. Of course, the price could continue to rise, but I think the price will have to correct after such a pump. That's when it will be possible to consider buying a JTO.

Ну, если бы не полученные мериты, в рамках так называемой программы "сделаем раздачу меритов более децентрализованной", этот ранг бы пришлось ждать еще как минимум год.

ЗЫ: Ну кто то же должен был назвать вещи своими именами)

Today, the LayerZero team officially confirmed the fact that the token will be - https://twitter.com/layerzero_labs/status/1732862812710449466 "Its distribution is something we’re committed to getting right and expect it to happen within the first half of 2024". Of course, the "first half of 2024" sounds a little blurry, but nevertheless we can pre-order our favorite car, focusing on this period.

Even in a bull market, the stop loss does not lose its relevance. And if the market corrects, you will have a great opportunity to redeem coins at a lower price after your position is closed at a stop loss, and this will ultimately only increase your profit.

I believe that the use of stop loss is also mandatory not only for margin trading, but also for trading on the spot market. And if your position can be liquidated in margin trading, then in the spot market you can turn from a trader into a long-term investor and then wait for months or even years for the price of the coin to recover to its previous level.

Yes, indeed, the first to create a Safe Asset Fund for Users (SAFU) is the Binance exchange. And it was done back in 2018. And today, the specified fund amounts to $1 billion, which is the largest among all cryptocurrency exchanges - https://www.binance.com/en/blog/community/topping-up-safu-to-$1b-8460049926432191856. And the fact that other exchanges have followed the example of Binance is positive for all users of centralized exchanges.

A lot will depend on how the trial on CZ charges ends next February. And if the decision is not related to imprisonment, but will be limited only by a monetary fine, then this may be the starting point, after which the price of BNB will become bullish again. Well, if CZ goes to jail, then it will definitely negatively affect the price of the coin.