I've only started noticing the Trading Volume stats on my favourite projects. I am a little intrigued as to what this exactly means, does it really matter much ? Some lesser known projects like Yield Yak have barely $4,000 in Trading Volume, yet the TVL is something like $50 million, whereas a better known project like Raydium has a Trading volume of more than $6 Million, with a TVL of only a little more than triple the TVL of Yield Yak ( $160 Million TVL )
I'm also surprised that some lesser known gaming projects like Vulcan Forged have a high trading volume , whereas others ( like Axie Infinity ) have a relatively low trading volume.
The way I interpret it right now ( correct me if I'm wrong ) is that trading volume is high when an ecosystem is very active and adoption is growing relative to other projects, so it's a good indicator to buy into that project.
For professional traders, trading volume matters a lot. The reason for this is that technical analysis works best in coins that have more trading volume as compared to coins with less trading volume. If a coin has less trading volume, it can easily be manipulated by the whales and it can have a sudden pump or dump that is hard to predict and hence traders usually lose money in those low volume coins. |
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I sure opportunity for rising in 2023, even I'm sure Q1 in 2023 can touch $ 25K, now is the time to continue to buy before the price is more expensive, don't panic if the price drops again, this is a good opportunity to continue to buy.
25000$ bitcoin price is not a big deal and bitcoin can hit this price as soon as there is some positive news in the market. It can happen in Q1 2023 or it may take a few more months if we continue to get the exchanges hacking and other bad news. However, i am hopeful that the chances of bitcoin dumping more are slim and there is very less chance of an event like FTX happening again, so the prices will rise from here. |
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I've known Bitcoin since 2012 but started using it in 2019, though it was still for payments (funding and withdrawal) of online Forex trading, nothing more because I was careful to deal with something that might aid illegality. I later discovered that I was naive at that time, the latest development/revolution in Bitcoin made me ever feel bad and I had lost a lot of opportunities in the past to this.
The lesson learned was that it is better to move closer to what is new to us than to be condemning it from afar. Can you imagine that despite having enough money to invest in the cryptocurrency between 2019 -2021, I was adamant that I wouldn't because I believed Bitcoin aids legalities like trafficking, money laundering, terrorism, activities of drug barons, and many more. I forgot to think that as it has its advantages, it also has its disadvantages, no system works perfectly.
Thanks to the present-day awareness, development and regulations that make it clear that Bitcoin is not as porous as I thought. 95% of my only transactions are now crypto-based.
I love to read your stories about Bitcoin adoption too!
I actually know what the pain is when you miss the train. I first heard about Bitcoin in 2010. Back then I was too naive as I did not bothered to investigate about it and promptly dismissed it due to thinking it was all but a scam. That was a big mistake as later in 2013 I got in and it was late... I ended up missing some good deals to it. Miss the train, not anymore. Bitcoin was at 68,000$ last year but now it is trading at 17K. So even if anyone missed the previous rally, he or she can still invest in bitcoin. There is no excuse for anyone now that he missed the train. Buy bitcoin now at 17K and you are still in business.  |
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Who wants to reduce his power by giving opportunity to others? Actually government wants to handle financial sectors but Bitcoin is a threat for banking system. Banking system will not be used regularly and it is huge losses for this sector. There will be a good competition between banking system and Bitcoin. In this competition Bitcoin will survive as it has different use cases and benefits. That's why banks do not want Bitcoin to become popular which is not good sign for banks.
Banks fear that if bitcoin becomes popular, people will withdraw money from the banks and put it in bitcoin and cryptocurrencies. Banks need money to run their business and if people stop depositing in the bank, the banking sector will come to an end. That is the reason why you will never hear any positive words about bitcoin from a banker. |
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If you are saying about choosing a profitable investment route rather then loss road then definitely bitcoin is the right choice for you ahead and advice will always be the same to anyone.As you have said the altcoin with great community support so you can specify about it? With the amount you can get good amount of altcoin but you will not get any return in the future so are you willing to block your amount in them? If the choice is between btc and altcoin then definitely bitcoin is the answer.
Choosing and investing in bitcoin is a profitable investment and safe investment while investment is altcoins can be sometimes evermore profitable than bitcoin but it can be risky too. We have seen what happened with the investors who invested in FTT and Luna. So, I would recommend investing in bitcoin so you don't lose the money in case any mishap happens in any alt which you have held for the long term. |
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You should not wait for prices to go any lower than this.  Yes, the price of bitcoin seems to have bottomed out and should not go lower than this but we never know the future. Even if the price goes to 12k to 14K (as most of people are predicting the ultimate bottom for this bear market), we should not panic. We can buy 75% of our portfolio at current prices and in case it goes lower we can buy the remaining 25% at those lower prices. |
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Just a reminder for everyone that almost three hours left before this campaign posting time will end.  |
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getting someone to invest or join in bitcoin/crypto is not easy,
because they sometimes don't know what crypto/bitcoin is at all,
so it will definitely be difficult to enter an understanding or opinion about crypto/bitcoin against them,
because what I've been through,
when inviting someone to join or invest in crypto/bitcoin,
they ask
- what does bitcoin look like?
- what is bitcoin used for?
- where do bitcoins come from
they even ask what it looks like,
let me explain, bitcoin is digital money,
but they still don't understand,
so that's my experience when I invite someone to join or invest in crypto/bitcoin,
let alone the matter of the wallet, the issue of bitcoin is not yet complete.
Bitcoin education for everyone is not easy and not everyone can do it, especially it is not profitable for educators so few people are willing to do it. Since they don't know what bitcoin is, they need our forerunners to guide them, if they already know they don't need us to do anything. You don't have to get someone to invest in bitcoin, it shouldn't. What you should do is teach them the basics of bitcoin like how it works differently than traditional assets. Try to give them all the knowledge about bitcoin, but as to what to use bitcoin for, let them choose. In my area, i have experienced that some people teach about bitcoin for free and later they suggest them to invest. Some even ask for money for investment in bitcoin and give profits on a monthly basis. It is sad that some people are also trying to scam people by giving them free education about bitcoins. |
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Why are many governments not regulating cryptocurrency?
Governments want to control cryptocurrencies and they do not understand how they can control the bitcoins and crypto even if they regulate it. Also, there is a lack of knowledge and understanding when it comes to bitcoin and governments are afraid to regulate it. |
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We just concluded the Men's Asia Cup and now the Women's T20 Asia Cup is underway. Anyone watching those matches and interested in betting on them? Here are the teams involved in Asia Cup.  |
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I think staking stable coins is just a waste of time because the APY is only a few percent, and what I've seen is Binance can reach 5%,
I think it's better to just buy altcoins and hold for the long term, because altcoins can provide higher profits than staking stable coin.
It's not waste of you if you aware about how to play it. I meant you must also aware about this the fact that if you wanna get huge return from staking and then you must provide more capital. How much return will depend on your capital. If you are having huge capital and then %5 will give you lots of money. If you are using only a few bucks and don't expect to get a big return. This is easy to calculate Also, you need to know where you are staking huge amounts of stable coins. There is a risk involved in staking coins on centralized platforms. This is not so simple as let's suppose you stake a lot of stable coins on an exchange and later that exchange scams or you are unable to withdraw. Do full preparation for all scenarios before you decide to stake many coins. |
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Never move spam tokens in your wallet, if you don't want to lose all your tokens, because it can also drain your money for a single transaction and it's full of risk if you move it or throw it away, because you are worried that your secret key could be recorded by someone who irresponsible, so my advice is to just leave the token in your wallet, at least it doesn't hurt you..
Yes, leaving the token in your wallets saves you from two things. First, you are not exploiting of wallet hack as in some cases you lose all your funds if you send some scam tokens to another address or connect your metamask with some scam exchange. Secondly, it saves you tx fee in case those useless tokens are on the Ethereum exchange. |
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Also remember that once you borrow fiat, you are giving the lender opportunity to make way much money using your collateral (Bitcoin) on top of charging you very high interest rates. If anything goes wrong and you default the loan, your valuable Bitcoins are gone.
I would rather sell a small portion of my bitcoins for survival, while I keep the rest for the future.
I would never like this idea of putting bitcoin as a Collateral. You can make money with bitcoin by selling it at high and buying back at high, i don't like this idea of handing over your bitcoin to someone else and getting fiat money for that. What if the lender refused to return or does a scam or something ? the bitcoins are gone forever.  |
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The bad thing about my school education was that we didn't learn almost anything on our Economics lessons. The good thing was that nobody told is savings accounts were good, and given the general lack of trust in our banking system when I was growing up, people didn't think of them as reliable for savings (I think many still don't). While Bitcoin can decrease in value by a lot, and if at that moment a person would need the money back, there's no way of getting as much as it used to be worth if it's a bear market. However, at least it's actually your money, it's actually in your wallet, and you're deciding what to do with it, whereas a bank can go bankrupt, freeze funds, adhere to some financial restrictions if they are set by the state etc.
Still in schools and other educational institutions, no one talks about bitcoins and cryptocurrencies. Anyways, there are people who learn about crypto on their own and they know how valuable is to invest in bitcoin and also how the world's current financial system will not exist much longer and will move towards the digital currency. |
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Polkadot has a good position, I know Polkadot because in 2020 they are very massive in advertising, and I have also made a profit because I was able to sell when the price was $24 because previously I bought at $17, but for the short term now I will focus on investing in new listed coins or in a new project that is certainly more promising big profits.
Polkadot has been one of the promising cryptocurrencies. OP has posted this thread in August 2020 and now after two years, many fundamentals about DOT have changed. If we see the latest roadmap and partnership of DOT, i think this can be one of the best investments at present prices. |
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BTC because of it’s limited supply and the price per coin has increased significantly over time at a much faster percentage then gold ever has or ever will.
If you are one for HODLing your BTC then you will be better shape in a few years if you invest in BTC rather then gold. This must be what most people would agree with.
The rapid development of BTC makes anyone want to buy BTC, now is the best time for investment because we get 1/3 cheap prices compared to ATH in 2021, Bitcoin opportunities to skyrocket and reach $ 100K are very large so that we are worth choosing compared to Gold. Old is Gold and is still the more safe investment. However, the young generations are more interested in buying bitcoin and investing in bitcoins. The major reason for this is that first people have seen a lot of growth in bitcoin in the last 10 years and secondly many people consider bitcoin as digital gold. |
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2. It's a ponzi scheme/ tulip bubble/ some other kind of scam or shenanigans.
This is one of the most common replies you will get when you tell someone about bitcoins and he do not know about the bitcoin and crypto. He might have got the wrong knowledge from others that bitcoin is fake and ponzi and this is feed in his mind and he never cares to research about it himself. |
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Leaving this here for people to discuss the new $CRAMER token. It is a project on ETH that launched a few days ago, with the main focus being to inverse Jim Cramer's awful trades.
At first, i read it as a Scammer coin but later i found it to be a Cramer coin  Seems like this token will act as a meme coin for Jim Cramer's trades. If this gains hype, it can give some really nice profits but if it fails, you will lose all money if we invest in it. |
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