|
Elon musk has been a great influencer in the cryptocurrency market for quite a while now. We began to hear about him as a result of his wealth ratings and bringing such a wealth to the industry was something we all looked up to. When he tweets about his bitcoin assets, there was mass support and that influenced the value making him a revolutionary influencer.
|
|
|
|
|
We really can't say the exact reason why PI network has refused to launch, but it's more logical to see that the project is hiding something. They've made some laudable promises which may be impossible for them to fulfill and are hiding behind the premise that they are yet to launch. It's best to consider the project non existent.
|
|
|
|
|
I recall when the gas fee in ethereum was quite cheap. We could have a transaction completed with less than 5 cents. I really don't know the exact reason why we've been having an outrageously high fee lately. It could be because of the network growth we've recorded in the ethereum blockchain and I recall that the ethereum 2.0 project promises to address the challenge, but I really don't know why it's taking this long.
|
|
|
|
|
I've traded across several decentralized and centralised exchange platforms. But due to safety of funds and other several factors, I prefer trading on binance exchange. I choose binance because of the trust I have for the platform. I once had some funds on my account and there was a hack incidence where binance lost over 40,000 bitcoin, but all the traders funds was refunded and the platform continued operations like nothing happened. This incidence endeared me to the platform.
|
|
|
|
|
The cryptocurrency space has always been thought to be a haven for money laundering and with the decentralisation feature of the market, scammers are bound to take advantage of the opportunity and deceive naive or ignorant investors. The onus lies on us to gain knowledge about the industry before investing.
|
|
|
|
|
We've heard diverse opinions about the validity and reliability of USDT, but that doesn't change the fact that USDT is the best we've got. I understand that there may be some questionable trait as to whether USDT is backed with the dollar equivalent of the market capitalisation, but it's really not important to me. USDT has been serving its purpose in the cryptocurrency market for quite a while now and I don't see that ending soon.
|
|
|
|
|
I really don't know how Shiba inu can be equated to Bitcoin because it does not seem possible. Shiba inu is a token on the ethereum and binance smart chain and that makes it lesser than a coin. I agree to the fact that Shiba inu has performed exceptional well in the past few months but that's a far cry from the performance of Bitcoin. I doubt I'll see any one who would be willing to convert all his bitcoin portfolio to Shiba inu.
|
|
|
|
|
Having the team pass a KYC process is a step in the right direction. This is a concept or strategy that could boost the overall confidence of the investors. The primary issue why investors are sceptical about investing in new projects is because they sceptical about the intension of most developers who should not be trusted. It's even possible that the developers could also run away irrespective of whether their kyc is passed or not.
|
|
|
|
|
We all know that the bear market is imminent, but there's no information as to when it would commence. Few weeks back we had bitcoin drop to about $45k and etherum $3.5 but on the same day, they bounced back. The market is in a constant Flux and it may be out of place to make decisions based on previous years experience.
|
|
|
|
|
I'm of the opinion that Shiba inu is yet to see her ATH, and could be a good option for speculative investment as compared to dogecoin. The truth is that dogecoin has done her best and we enjoyed it while it lasts. I still hold dogecoin but I don't see a pump coming anytime soon.
|
|
|
|
|
It feels really bad when I hear issue of people investing their life savings into cryptocurrency. I won't be bothered if one invests his life savings into real estate because the risk factor is low, but in crypto it's a NO NO. I wish more people would know this and choose better. The squid game creator did a very bad scam and should be made to face the law.
|
|
|
|
|
Most of the projects coming into the market are investing heavily on marketing and that's majorly because they want to get more people into the project. The marketing strategy employed is to hype the project and make it appear more glamorous than the actual project. We all need to be careful and have the ability to differentiate the projects with potential from the hyped project.
|
|
|
|
|
My challenge is that each time the market drops, I'll be sceptical of buying because of the possibility of the value dumping much more. This has been a recurring issue and before I know it, the market is back up. Buying when the value is low is a wise move and that could give one much more profit.
|
|
|
|
|
My best bet for a good profit with less risk is ethereum. I know there are several coin out there but I trust ethereum because even if the market dumps today, ethereum would come back stronger. Most of the new projects thats seem attractive may be unable to withstand a bear market that lasts for extended periods of time.
|
|
|
|
|
I recall my experience few years ago, when my metamask wallet was Alsop hacked. It feels like metamask wallet is prone to hackers, maybe because it's a web wallet or the security features are not strong enough. There's really nothing anyone could do when your wallet get hacked and your funds are transferred out. We all need to be careful and cautious of metamask wallet.
|
|
|
|
|
My most performing altcoin is ethereum. I have a conviction that the value of ethereum is yet to get to the ATH for the year. So far we've seen ethereum trading at 4,800$, I feel like the coin would surpass 5,000$ before the year ends. I'll advise everyone to baghold as much ethereum as possible.
|
|
|
|
|
I personally won't be surprised if I find bnb trading above 1,000$ because the project has contributed a whole lot to the cryptocurrency industry. Binance as we all know is the largest cryptocurrency exchange in the world and the exchange has taken substantial steps in building several wonders in the industry. The binance smart chain, the trust multi wallet to say a few.
|
|
|
|
|
Show Posts
