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701  Alternate cryptocurrencies / Altcoin Discussion / Re: What is coin or token burning? on: August 24, 2021, 01:10:36 PM
The purpose of burning tokens is to reduce the supply and make the token price higher than before. I think a lot of coin developers do that and it is good for the future of the tokens it generates.
if the supply is reduced its not always mean the price will be higher but if the token popular and have many investor it can have higher price because that means it have demand, it still depend on the demand but if the token total supply is too much maybe burning can be a solution because then it will fix the issue of too much total supply but the amount burned should also be many and not just very few coins because it will not give effective result.
702  Alternate cryptocurrencies / Speculation (Altcoins) / Re: About NFT on: August 20, 2021, 04:52:55 AM
NFT development especially the game already making me optimistic and it's developing really fast in my opinion like after axie become popular so many nft projects especially game start to appear and offering their best game, there's high quality game and there's also bad quality game and i'm sure the market will be competitive and the best game that use NFT will be the only one left.
703  Alternate cryptocurrencies / Altcoin Discussion / Re: Patience is important on: August 20, 2021, 03:00:21 AM
Emotions do play an important role in trading and investing. Fluctuating prices affect psychology and I think if we don't have a good trading and investment plan, we can panic and sell our tokens at low prices. But if we have a good trading plan and invest for the long term, I think we will get profit as long as we hold the tokens which have a big market cap.
That's right, it's always having a good trading plan that keep us from being impatience. Many of people will just make trading with token that they randomly pick and regret later because it's performing so bad and therefore it become a bad decision. It's having a good trading plan and long term holding that can give us chance not to make such a bad decision. But in my opinion, big market cap token isn't a guarantee that it will performing really well in the future.
704  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH high gas fee on: August 20, 2021, 12:54:32 AM
Due to high exessive Ethereum network fees, some investors and traders preferring to leave the eth network. But a few days ago Ethereum network fees deceased but recently ETH network fees again increasing. But Ethereum network fees increasing with the rate of ethereum price and volumes daily.
Decreasing and increasing of ETH gas is very common, but that's not solving the problem if the fee is only fixed temporarily.
It's better if we have stable fee that's pretty cheap than having a really cheap fee and then it can go up to very expensive price really suddenly.
That's why its normal if many people prefer leaving ETH because the fee is really expensive compared to BSC like the NFT games tokens.
705  Alternate cryptocurrencies / Altcoin Discussion / Re: Patience is important on: August 19, 2021, 02:14:01 PM
But that's the truth. many people are easily influenced by famous people, that's why many impatience people It has fallen a lot on failure. The financial ruined because of a false dream that they think can earn money easily without thinking and Analyze of the market
If a person is patience i don't think they will easily be influenced. But it's true, patience is the most difficult thing to do in trading or any similar thing. But, if we use technical analysis that most of people also use to see the market as mentioned, it will help us making a good decision with logic instead of making bad decision because maybe we are afraid of missing the market. That's why many always recommended to use market technical analysis. But selling in the right time is always difficult to do.
706  Economy / Trading Discussion / Re: Why newbies lose huge money in trading on: August 19, 2021, 02:01:49 PM
Your point is great but i want to add some more, like the newbie thinks that they have more knowledge about trading even they don't have that much. So, the main point is that how can they going to do it? After all newbies need to learn more and more about trading first and they they should start with a small capital.
That's being too confident with little experience of trading can be a disaster as you mentioned.
It always happened a lot when the newbie is making good profit from their first trading and think that they are genius in trading and think they can make big profit if they continue doing the same. Many people are actually like this in the beginning and this succesful trading in the beginning can cause lose later because we still lack experience.
707  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH and BSC on: August 18, 2021, 10:56:56 PM
To date, ethereum could not lower the very high cost of gas  on  its  platform. We've been waiting for a long time to fix ethereum.
But that's how in any business there will be competitors who can provide such solutions, such as the BSC and TRX platforms. Currently,
they are the one solution that can help in dealing with the high case of gas on the ethereum platform. So it's only natural that BSC is
increasingly being used by altcoin projects. And I also don't know, whether ethereum can make gas as cheap as BSC or TRX provides.
I don't think the gas ethereum needed will be cheap anytime soon. Even if the gas needed for ethereum is only 10 gwei it's still quite expensive compared to other like BSC if the price of ETH is high. Maybe ETH will be cheap when the gas required only cost 1 gwei or below that but that's also not possible. Only way to make ETH gas price cheap is when ETH price is not too high maybe half of the current price then the gas price can be considered cheap even that is not cheap enough compared to other like BSC.
708  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum 2.0 what to expect on: August 18, 2021, 03:09:37 AM
I believe that the main reason for the growth of the Ethereum price is the growth of the bitcoin price. And accordingly, the price increased not only for Ethereum, but also for other altcoins, although they did not have any fork) But the London fork will have a positive impact on the price of ETH in the long term, when the number of coins burned will be more noticeable in relation to the circulating supply.
If the total burned coin is high enough then maybe in the future the it will help increase the price and make the market of eth bullrun again even when it should be in market correction.
Right now the price is already higher than few weeks ago but im not sure if that is the effect of the coin burning. If the coin burned is too few then it will not have any significant impact to the market. Although this coin burning should not be considered as the main reason for traders to whether buy or not but it still more or less will have impact maybe in the future.
709  Alternate cryptocurrencies / Altcoin Discussion / Re: Are meme/NFT investment really worth the hype they're getting?. on: August 18, 2021, 01:37:22 AM
nft is indeed quite unique and deserves more than the hype. this is a unique innovation where we can get satisfaction in pursuing hobbies and investments, right?
get double pleasure, it's a shame to miss. gamers can enjoy brand playtime, unwind, and get rewards or collect rare items from the nft game.
take a look at opensea or other nft markets, many of the artworks offered at very extraordinary prices by the fans, for example cryptpunk, are truly extraordinary.
I wonder why this crypto punk NFT art is really priced at such high price, I just can't see the appeal however the NFT game is indeed an interesting market.
But most of the NFT games also need improvement, most of these games are usually a really simple game, maybe there is exception for NFT game like vulcan verse where it's 3d game and seem more interesting, but most of nft game are just turn based game that will become boring overtime, its good if there is high quality game in the future.
710  Alternate cryptocurrencies / Altcoin Discussion / Re: NFT is an interesting space on: August 18, 2021, 12:36:06 AM
The problem with these NFTs is that you cannot sell them if no one buys them.
Most of NFT that can be considered as art like that isn't meant to be an investment, it was meant to be collectible just like how you buy arts or painting from an artists, when you buy it you want to put it on your wall and not reselling it in shop.
If you are looking for an NFT that can be resold easily then it's NFT that is based on game like for example an axie, or any NFT games items, these kind of NFT always have quite high demand because it can make the gaming experience better or to earn in game tokens.
711  Alternate cryptocurrencies / Altcoin Discussion / Re: Lessons from the fullest dip on: August 17, 2021, 07:34:02 AM
Extraordinary advice, remember to always take profits when you can, this market is truly unstable and unpredictable. Who might have realized that the plunge would be so awful, there are significantly more clients currently so demand should be higher
This is right, if there is opportunity to take profit when the market is going up then maybe it's the right time and the market will probably go down again.
However this can also cause us to not maximize the profit we get when the market is still going up but we don't know if the market will go up or will go down in the future. That's why technical analysis of the market is needed at the time like this to see if the market will be going up or down although not accurate but can be helpful.
712  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH adoption lately is high on: August 17, 2021, 02:49:13 AM
Ethereum's network is really going strong right now specially that EIP 1559 was fully operational. There are various reason with this adoption and the best one is the burning functionality to the fees generated.
I also think that the burning of ETH is what make the price of ETH going so high and the market going strong today, the market has been having pump for few times already but the price of gas is also staying high although the promise was after the upgrade the price of gas for eth will be solved I expecting the price for gas to be the same as Binance Smart Chain but right now its even become higher than before after the price increase, i think many people still prefer to use Binance Smart Chain today.
713  Alternate cryptocurrencies / Altcoin Discussion / Re: What nft functions can you think of? on: August 17, 2021, 02:17:25 AM
For Donation. Last Month i see some NFT in Binance NFT Marketplace and in the first page there's any NFT Created by ATTA and the money is for donation. So, i buy few a Mystery Box in there.
This really a good act of kindness and will make many people interested in charity.
I think not too long ago we also heard big company using NFT to make donation and if NFT can be consistently used for making donation like this it will help contribute to the world.
Maybe in the future we also will see artist using NFT to make charity event like what being done by many influencers in social media. this can help the charity become even more interesting.
714  Alternate cryptocurrencies / Altcoin Discussion / Re: Becareful with Meme Coins on: August 14, 2021, 06:41:16 AM
you are right sir, the trend of memecoin is almost over and now we should be stay away from these coin. now we should look for top 20 coins or devoleping coin of NFT. NFT trend is looking good. those who already made profit should think about that meme coins has no use. after trend no one will buy it and result in huge dumop.
Even if the trend is almost over we should stay away from coin like meme coin from beginning because its speculative.
Instead, project like NFT games will give better opportunity to earn by playing instead of making speculation. So you will not need to worry that you may lost some money you have because of the price fluctuation that can be very harmful, while most of NFT games will just become stable in the market and not have that much fluctuation.
715  Economy / Trading Discussion / Re: reasons for bad trading on: August 14, 2021, 05:36:14 AM
True .. greed and feeling of insatiable is the thing that hinders some of the way to trade . From here we learn the importance of self-control and gratitude. A merchant will continue to make the same mistakes if he does not keep their self-control from greed and lack of gratitude.
I heard some advice from youtube influencer that said we should stop for a moment if we have made a mistake and maybe because of loss or something like that because we have bigger chance of making a really bad decision that can make us losing more and more and i think that advice is a good advice. maybe just become more patience and patience analyzing the market will help, after all analyzing the market is part of the progress.
716  Alternate cryptocurrencies / Altcoin Discussion / Re: Are meme/NFT investment really worth the hype they're getting?. on: August 14, 2021, 04:59:40 AM
i'm sure there will be a lot of games using NFT in the next years because it works on several games like Axie or Vulcan Verse.
I think what stopping good quality high rated game from using NFT is if the concept is still complicated, it will be harder for them to use it.
Most of the high rated games will probably stay with the same way they using right now until NFT become more simple and easy to understand.
But there is also always a chance for the high rated games to use NFT as well maybe to make their game more interesting and attracting, it could help them improve their game uniqueness.
717  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum or Binance Chain (BNB)? on: August 13, 2021, 03:43:14 AM
Both tokens are very favourite of my portfolio so I think recent lots of project is usually used BSC network for their low costing good to go with a quick service so I think BNB Will go leading position very soon.
Right now it's hard for BNB to go leading position replacing ETH, currently ETH market have been having a good sentiment but the same thing happened to BNB market too. But maybe if ETH keep having expensive gas then it's possible for BNB to replace ETH in the future and becoming leader. But with many popular projects appearing in BSC it will also help it leading the position too. It maybe depend on how many good quality projects appearing in BSC in the future to make the market bigger.
718  Alternate cryptocurrencies / Altcoin Discussion / Re: Which is better: Ethereum or the Binance Smart Chain? on: August 13, 2021, 02:18:05 AM
Because BNB was also born from Ethereum smart contracts in the past so in terms of smart contracts, Ethereum still can't be matched by others, even though Ethereum can lose in terms of fees, because if Ethereum can be cheaper in terms of fees, then who will use BSC at this time ?
Main advantage of Binance Smart Chain is the fee and that's right, many people moving to Binance Smart Chain because they can't get the burden paying so much money just for the fee but after fee of ETH reduced sometimes ago, people still using BSC maybe a lot of people are now used to using BSC and consider ETH as alternative only.
If both ETH and BSC have good projects like NFT in it then there is no use thinking which is better, because both can also be good.
719  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH and BSC on: August 13, 2021, 01:57:16 AM
I will continue to use Bsc if my altcoins are stored in my bsc wallet and the bsc transaction fees are still low then I will continue to use them as a wallet to store my altcoins. so if ethereum transaction fees have recovered then i will use both.

I am also currently using BSC more, because low transaction fees are an advantage of BSC, this will be suitable for those who do a lot of transactions or routinely do daily transactions.
Binance Smart Chain more suitable for most of the newer projects than ethereum where it's all about game and speed.
Can't imagine how the newer games project will become slow if using eth but with bsc it can pressure the fee to be lower. but there are also other platforms offering better advantages for these kind of games that need speed and require almost zero fee, in the future maybe there will be more platform better than BSC or ETH.
720  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it safe to invest in BNB now? on: August 12, 2021, 04:25:58 AM
Even without you telling everyone to have chosen Binance in the past, even though at that time the BSC network from Binance had not been released, especially for now it is clear that the BSC network from Binance is running very well and well through the use of new project developers, so BNB will always be the calculation of investors after Bitcoin and Ethereum.
BNB is already popular but BSC help it to become even more popular, its binance smart chain allow people to migrate from eth and designed to be better than eth so it's not unexpected if people will chose bnb after all bnb is being used in bsc too.
Bnb also has use for claiming airdrops from new project as well, that also reason why people choose to hold BNB too, but airdrops can be coming from anywhere not only limited in BSC.
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