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I have invested now i am waiting for a good return on investment. I live holding cryptos thats how much i believe in such project and how much i believe in crypto
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I know Atlant is a good project... I participated in their bounty project about three years ago and it really gave a good returns. I love projects that are related to real estate
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This is a very good question i am still suprised why people still fall for some petty crypto scams. The thing have discovered in my years in this industry is that if you are looking for a fast way to make money you will definitely be scammed.
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i dont think you can buy bitcoin without kyc verification because of fraudulent activities. Fraudster can use anybodys debit card to buy bitcoin if there is no verification. i did verification on binance but im still unable to buy bitcoin with my debit card. I dont want to believe its my card issuer but probably the country i am in
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If you are a newbie to crypto why not start buy investing in top 10 coins in coinmarketcap.com than investing in some shitty ICOs that you cant trust. I can remember three years ago when i got started with crypto i bought my first bitcoin before i even thought about buying any other cryptocurrency. Buy bitcoin first there are no good ICOs at the moment to invest in
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The prices of cryptocurrencies have been going up and down since it was created and there are so many factors that can make the price fluctuate that way and i will be identifying such factors below:
1. Supply and demand: The higher the demand the higher the price. If theres an high demand for bitcoin and other cryptocurrencies you will definitely see and increase in them. We all know that the total supply of bitcoin is just 21,000,000. This makes bitcoin very scarce and it will definitely see an increase in price following the rule of the lower the supply the higher the price
2. Market speculation: Speculation provides the market with liquidity and the aim of this speculators is to make profit. So many people see cryptocurrency as a speculative tool because its easy to create fear in people about a coin and so many people will FOMO in.
3. Regulatory and Government issues: The government of every country are always finding a way to regulate all cryptocurrencies which is not possible. The fact that they dont like the decentralized nature of it. Cryptocurrency is definitely not accepted in every country in countries where it is accepted and probably the decide to regulate and ban later. This can affect the price of cryptocurrencies badly.
4. Community size: The scale of the group is what significantly impacts the Bitcoin price or every other crypto. A wide group is signalling that there is strong interest for this coin. Many businesses and individuals use it, and that broad adoption encourages more growth.
5. Ecosystem development: Many cryptos have their issues even the head of it all Bitcoin. Presently scalability is the main challenge of bitcoin, This means the network is unable to deal with the rising amount of transfers that users submit. Many cryptos have their issues too and these issues can cause a decrease in the price of them
I think this is a wrong way to interpret. The reason for market movement has always been demand and supply and nothing else. All these factors that you have mentioned except demand supply are nothing but just factors that affect the demand and supply in some way. So Economically speaking the equilibrium ends up at the point where demand and supply gets exhausted. Speaking of it financially it's really pretty hard to get an intrinsic value of bitcoin so finding a rough value using finance is almost impossible. Finance generally counts the PV of future cash flows for intrinsic values. I think the major reason behind the volatily of crypto currencies are the demand of the users. For example of this month has the lowest demand of the users then the next will be affected. The higher the demand the higher that the crypto currency's value will rise. That's why the value of crypto are not consistent because sometimes it goes down and sometimes it goes down. That is why included supply and demand as the first reason because the basic rule still applies to everything and it definitely still applies to cryptocurrency also no one can say otherwise. If we get more people using crypto in their daily life we will definitely see a rise in all cryptos. |
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It is difficult to know a fake project. the one i saw recently which is KingCasino have been following them since they started the project i just found out on their telegram group that they have successfully scammed everyone. it was so funny to me. Like everything was going so fine they just turned it
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I dont have any reason to dump my coins. I can say i am in love with holding already because i have a coins from bounty projects two years ago and i am not ready to sell now because i know those projects still have potential and i know what they can do in a year from now
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Decentralized Finance in short has got a big meaning within it. For users who have been a part of cryptocurrency investment it can be understood. This is just a platform developed over a blockchain with which one can develop his own financial tools and products to decentralize the investment. For example when we deposit into a bank, we'll get mere interest while the bank receives high interest spending our money on different other shares and loans.
Through Defi this is being eliminated, because everything is open and we used to create our own tools and make the investment. The perfect functioning will happen when the exchange services too go decentralized.
This is just the explanation i am looking for i have read a lot online but this just hit the nail on the head.I really appreciate |
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You also have to understand that bitcoin is a speculative asset. As such, there could be some we will spread negative news like FUD so it drives the market price to go down. And then when we have exaggerated news, price appreciates and everyone wanted to join the FOMO.
Yea I included market speculation it all comprises of what you mentioned as negative news and FUD. |
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Let's slide apart a little bit. This is just based on personal choice. We can all tend to learn from it too though. In this business, we all aim for the cash rhy? Even if patience is highly required, but my silly question is, who gets more, if one decides to earn in just one of the following:
1. A moderator
2.An investor
3. Bounty Hunter
4. Wearing signature
5. Social Media.
The investor is the only stand out person here others are bounty hunters and the investor is definitely ahead of the other 4. He knows the right thing to invest in and doesnt wait for pump and dump project to pay him their shitty coins for bounty |
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Have been seeing De-fi around lately and i dont know in depth what it is all about can someone explain? Looks like it is the next big thing in crypto
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The prices of cryptocurrencies have been going up and down since it was created and there are so many factors that can make the price fluctuate that way and i will be identifying such factors below:
1. Supply and demand: The higher the demand the higher the price. If theres an high demand for bitcoin and other cryptocurrencies you will definitely see and increase in them. We all know that the total supply of bitcoin is just 21,000,000. This makes bitcoin very scarce and it will definitely see an increase in price following the rule of the lower the supply the higher the price
2. Market speculation: Speculation provides the market with liquidity and the aim of this speculators is to make profit. So many people see cryptocurrency as a speculative tool because its easy to create fear in people about a coin and so many people will FOMO in.
3. Regulatory and Government issues: The government of every country are always finding a way to regulate all cryptocurrencies which is not possible. The fact that they dont like the decentralized nature of it. Cryptocurrency is definitely not accepted in every country in countries where it is accepted and probably the decide to regulate and ban later. This can affect the price of cryptocurrencies badly.
4. Community size: The scale of the group is what significantly impacts the Bitcoin price or every other crypto. A wide group is signalling that there is strong interest for this coin. Many businesses and individuals use it, and that broad adoption encourages more growth.
5. Ecosystem development: Many cryptos have their issues even the head of it all Bitcoin. Presently scalability is the main challenge of bitcoin, This means the network is unable to deal with the rising amount of transfers that users submit. Many cryptos have their issues too and these issues can cause a decrease in the price of them
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Wow i am just seeing this thread it is very helpful. now i know i wont waste my time writing blog posts for scam projects anymore. They are very good points to watch out for. Thank you for this thread
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i have been studying this coin for over a year now have not just made my decisoion about my stand on it because i see project that are ahead of it and im definitely working on. I will definitely check it out soon
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The Sport industry going to take over the crypto betting, you mean? Cause other than using crypto for betting and such, I don't see anything else for sport industry to be involved with crypto. Betting and gambling is just a tiny scene in comparison with crypto.
Not only betting and gambling. Football clubs want to give more to their fans with the use of cryptocurrency everything doesn’t have to deal with gambling or betting when it comes to sport. The facts that fans can make decisions with their fan tokens is huge |
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Anyone here heard about Chilliz and the partnerships they have been signing recently. I beleive the sport industry is going to take over the crypto space sooner or later because i see a great movement in what they are building. They have signed partnership with so many big Footbal clubs and i am so excited with what they are building.
yes, Chiliz has so many big soccer team as their official partner. i also ever saw the news that there is a soccer club that bought a new player with crytpocurrency. also wartford FC has sportsebets.io as their main official partner. so i think most of crypto projects will invade the sport industry in the near future. I saw the bitcoin logo on watford jersey throughout it was at that time i knew sports will take over the crypto space soon but what made me so excited was the chiliz partnering with top club and im still excited because there are still more to come |
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I'm not going with existing theory. I have categorized trading as follows-
1. Based on technical analysis
2. Based on event news
While I'm not much expert in TA, I can achieve it if I spend some hours a day for a month I belive.
On the other hand, trading based on event news is pretty easy. You don't need to have much knowledge other than the capacity of ebaluating a project.
What do you think? Which method is good?
Fundamental analysis beats any technical analysis. After checkinn the news and event for the day you can now analyse technically bsed on what you saw |
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You can use paxful.com.They accept credit card(dual currency)
have not tried out paxful but i doubt it will work out Nigeria but i will definitely check it out |
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