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I don't even know what to say or what to believe, some are still believing that it will dip again while others say it is a trap, but the funny thing is, the more they predict, the more the market keeps going green; this reminds me when some people says BTC hardly obeys any chart or predictions.
Nevertheless, I wouldn't say it's wise to jump in now to buy your desired coins, I mean, if you didn't buy in bits when the market was down, then doing so now might not be a nice idea. Also, one thing about Bitcoin most times is, it tends to give a good entry to buy some coins, so I think it would be better to wait, catch the dip and buy in bits or at intervals.
Lastly, calling bulls, one should see Bitcoin above $40k, this will lead to fomo as people will rush to buy back.
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I was looking at staking my ethereum. The interest rate seems good and I found BlockFi.com which seems to be around 10% (not guaranteed rate though). Is there a risk of losing coins and is staking recommended? For Ethereum, which site pays the highest APR and is the most reliable/safest?
Thanks!
There are many opportunities and features in the crypto space in recent times now, and staking is one of them, actually it is becoming the next big thing nowadays as many coins now have staking capabilities, and you can actually stake a certain coin to earn another, so I would say from what has been obtainable for a long time now, Yes, staking is recommended. Also, it would be very important to add that, although staking is recommended (maybe from my own angle), not all platforms are recommended for staking. That is, since it's about staking your coins, then that staking platform needs to be verified and genuine so that there won't be exit scam or security issues which will lead to loss of funds. With this said, I don't know enough about the platform you want to stake your ETH, but make more findings to know how secure and genuine it is, then you can stake. Also, be careful of any platform that offers very high APR, sometimes they can be scams. |
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Although crypto is highly volatile, but let's be realistic, can that really happen? I don't think so.
Bitcoin have come a very long way, it has grown, fallen picked up and grew again, I can't remember it looking dead, not to talk of now that massive adoption has taken place, institutions now buying it, countries adopting it, a lot of people now knowing about it and the list goes on; so to be frank, It can't happen.
Another reason why it can't happen is that, a lot of people have set their target to buy in huge quantities in order to have a higher fighting chance, and that's why, when it dumps and test a certain region, it pumps back again. And since a lot of people have fixed their eyes on it, it won't even dump much before they pack everything.
Lastly, everyone can't just wake up at same time and see Bitcoin at such price, remember we live in different time zones. So even if it happens, I will risk it, because it's worth it, even most of our altcoins, different buy orders have been set, let alone Bitcoin.
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I believe as time goes on, we will get a clearer picture of the whole thing and how it will play out to suit all users. Of course, the amount needed to stake is kinda high when taking into account the present price of ETH. However, there are companies, organisations and platforms opening up staking pools in order to give everyone a fair chance, although there are still limitations.
Also, in my own opinion, the Ethereum blockchain has come a long way with a good number of projects on it, and I believe the team seeing how everything is playing out and what the future holds, will do everything within their power to make sure they succeed in making the blockchain more sustainable, secure, scalable and efficient.
The Ethereum 2.0 will bring a whole lot to the Ethereum blockchain, and this is why it is highly anticipated, we should also remember that Ethereum platform is the best when it comes to smart contracts and DApps, and being that means sooner than later everyone will understand what the team are working on and how they can get involved.
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Hi I am a Newbie when it comes to crypto, I was hoping there is a way to store Shiba Inu and some other coins offline?
Is there any way to do this whereby they are not left on any exchanges? I hate exchanges after what happened to me back in 2016.
Another question is Trust Wallet safe to store these coins on?
Any help would be appreciated, Thanks in advance.
Starting with trust wallet, to the best of my knowledge I have not see or heard of anyone complain about them, or complain about loss of assets, that is to say, so far, the wallet have been trying in its aspects to serve users. Also, the best way to ensure you are secure is by writing down your backup phrases on a book, offline and not keeping it online, saving a screenshot and so on. Secondly, Shiba Inu is an ERC token, and since trust wallet supports ERC tokens, then it is safe to say, that you can store the coin in your trust wallet. Just make sure you copy an Ethereum address from your trust wallet and send it to, after that, if it is yet to reflect in trust wallet, you can add the coin (Shiba Inu) with its contract address. |
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The crypto market is one of a kind, that is, Doge coin has been around for a long time, but no attention was paid on it, not until the hyping and tweeting started and look at where it is today, and because of its growth so far, lead to the development of others. To make it more interesting, top exchanges now listed these coins which in my own understanding means that, in as much as most people might think they offer little to nothing in the crypto space, but in reality they have come to stay and as such can be treated like other coins.
So asking why they are crashing, one can also need to ask why other coins are crashing, and the simple answer is, the market is not in a good shape.
Nevertheless, since they are many already, it is worthy to be careful of the ones you might want to hold. Lastly, Airdrops can come in any shape, it all depends on what the team are building on, so your focus shouldn't be only on Meme coins, although it means to be the latest trend.
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Did anyone else miss out on the Dogecoin run?
This is up 100x over a year or two, and it is still going higher.
Wow.
$40 Billion marketcap now, how high can this go?
Comparing when this post was made to the current reality in the market, it can be seen that a lot has changed with many people likely getting trapped and turning bagholders, thus also showing that, we are at liberty to say what we feel will play out in the market while the market reacts on its own. The whole thing is, once there is hype within a project, know when to take profit because anything can happen. However, Dogecoin really had a good run where holders were enriched which also shows how unpredictable the market can be, that is, a lot of projects which are better than Doge coin are yet to get the growth Dogecoin experienced, all thanks to hype, this also lead to the other meme coins. What I am trying to state is, this crypto space can surprise people in a lot of ways, and in as much as you would want to take risk by investing in most coins, always make sure you are doing so with your spare funds, as that will make you be free with yourself while allowing you to hold for long term; this was how Dogecoin holders were enriched. |
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Many projects are feeling the heat of the dip, in fact almost all coins are, with shitcoins feeling it the most, thus taking us back to memory lane where it is said that holding good coins for long term is the best.
Nevertheless, with the market dipping and no one actually knowing how long it will last, I would say one need to be extremely careful on the coins to hold. As for me, I would pay more attention on the top 10 on coinmarketcap, because they will always be the first to recover faster when there is a positive progress in the market. Lastly, on that note, ETH, ADA, DOT and BNB won't be left out from my picks.
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