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All of us accept that memes are just a hype trend to attract new people to crypto, but what trend do you guys think will make mainstream adoption useful for crypto now, gaming or AI?
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Hey guys. Just to clear up a little misunderstanding I've got. There's something I don't quite understand and it is what happens after people hodl coins and altcoins.
So, we all say that hodling is better than trading, yeah? And I think the only way to earn from cryptocurrency is by exchanging it for fiat currency, right? Meaning, the hodling is just for the value to increase over a while and then you still trade it right?
And for the altcoins, after buying altcoins, what happens if no one wants to buy them from you? You know a lot of altcoins aren't all that popular so how do people even sell off their altcoins? Can you even hodl altcoins?
I know those are a lot of questions, but I keep on getting it wrong in my head. So thanks in advance for the answers.
I don't understand the first. The second thing you said is right. Sometimes, the coin you hold will become trash. No one will buy it anymore. And that is investing, not just buying and hodling will make you rich. You must buy and hodl many good coins, potential coins. Remember, almost 50 of the top coins from 2014 are dead. Only around 5-10 survived. |
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It's not bad like that. A meme coin is just for fun, like buying a lottery. Most of them are trash, but I think people know it. It's just a hype trend for newbies who don't know about crypto before. Spend a few bucks, and they join the crypto market. That's the mission of a meme coin: to spread awareness about crypto to the world.
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I don't think it is the most unique coin, but I think it has something unique. That's Monero, a coin that has private transactions so no one can track you. It has pros and cons, but for me, I like it.
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I think we can see that an exchange facing numerous problems may not be able to solve them, leading to its downfall. First is technology; I believe hacking is always easier than building. It takes a lot of work and effort to construct something, like building a house, but it only takes a hammer to break a hole in it and steal all your assets. Second is money; fewer people can resist the temptation of money. Yes, there's a lot of money involved. Why not take 10% from laundering black money rather than 1-2% from normal people? I believe people can see many problems, but I've just pointed out the two main ones.
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I always respect those who have been able to hold onto Bitcoin since the early days, even if they didn't have much money at the start. I used to have some Bitcoin, but I sold it for living expenses, for fun, and to invest in other coins. I still made a good profit, but honestly, if I had kept the Bitcoin, I could have had more.
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He has a life beyond just crypto. And now, he has many troubles in his company, so he must focus on it to ensure every investor feels satisfied. Additionally, he must save time to read manga, watch anime  |
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I think the easiest way to find these exchanges is to go to CoinMarketCap. Go to the exchange section, and you will see a list of the major exchanges that you need. And I believe Binance is still the top choice for your needs right now.
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Yeah, for me, I don't hold my coins on exchanges anymore. I just deposit some for trading and then withdraw to save. I have lost a lot of money on exchanges, so I don't do it anymore. If someone still remembers BTC-e, I lost $10,000 to that exchange.
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At least now I see fewer scam projects on this forum. Back in 2017, I remember there were around 10-20 new projects every day. Lol. Almost every project claimed they would reward millions of dollars. And I think 99.99% of the projects from that time have died by now.
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It's been one month. Did you test it out?  Did it still blow your mind? Hope you come back and give us the results of when you use these techniques in trading.  |
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I would say that now is not a good time to participate in test nets or bounties with missions like token swapping or similar tasks. The fees are high at the moment, and most of the projects are scams. In my opinion, the best time to engage in a test net is during a downtrend when the fees are more acceptable, so even if they scam you, it's not as significant. Currently, the best way to make money from the start is to participate in bounties involving sharing, posting missions, or buying some cheap new meme coins.
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For CEX exchanges, I usually use Binance and Kraken. Sometimes I use Mexc for new tokens. For DEX exchanges, I usually use Pancakeswap because I often find tokens from BSC. Sometimes I use Poocoin for super small tokens obtained from airdrops.
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Because many people don't know what to do in the crypto market. Then they think they just need to follow the crowd or follow some whale. And in the end, whales don't show all they do to get rich on trading, so we fail and follow the crowd? Sometimes the crowd is just food for the whale wallet. So it makes most people who follow the crowd fail too.
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But this time it is foolish to expect anything for free you have to train with money then you can do better.
That is the n stage of all processes, it would be foolish if you skipped some of the learning processes that you should have gone through first. Anyway, the essence of this topic, instead of wasting money on paid course, it is better to use it for initial caps of the real trading. I do agree that spending your money on initial trading moves would make more sense. I mean there are free resources that you can use, and you may learn from them and after you learned enough then you can use the same capital for trading and if you do well then that means you learned, and if you do badly then you can go back and learn some more. That way, you are still spending the same amount of money but at least this one gives you a chance to make a profit, I believe that's quite an important difference. It is quite important to make money when you know what you are doing, and for you to know what you are doing you should be learning as much as you can, for months if you have to, do not start before you are certain you know it all. But even though this thing is basic, still a lot of people don't do it. They want quick results, quick money. They then buy a course and watch all of it in a short time (and I'm sure they don't understand over 30% of it) and join the market. But on the other side, when they lose money, they suddenly understand it all. All the things from the internet, all the things in the course they bought. Sometimes they need to see it in real life so they can understand it. |
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First of all, I apologize for being against paid courses. So, I checked out some courses that my friend shared. Some of them summarize all the knowledge so you can easily understand more than what you would by searching on Google by yourself. They also provide some tricks, some good, and some that really don't show up on the internet. (But they are not a tool for a 100% win in the crypto market. They simply offer a better chance than if you didn't know anything, giving you a small chance to win)
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I don't think it's important for Satoshi Nakamoto to show up now or in the future. Bitcoin can now run decentralized by the community. He can't do anything to it right now. The issue here is that if he were to suddenly make transactions with the large amount of Bitcoin he holds, it could potentially hurt the market.
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Welcome newbie. As a beginner, my advice is to start slow, do your research, and never invest more than you can afford to lose. Stay updated on market trends, diversify your portfolio, and above all, hodl through the highs and lows. And remember, don't be swayed by FOMO or FUD – keep a level head and always trust your own judgment (and hope you're lucky). |
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Why waste your money on trading lessons when Google is just a click away? Take the DIY route and invest in your own learning curve. Your wallet will thank you later! (Or perhaps you're not lucky and lose all your money, so best wishes to you)
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I don't think you can sell NFTs by yourself. People buy NFTs because they are looking for something, and most people join crypto because they need money. Can your art make them money? I think it is very hard to make that become a reality unless you are a famous artist.
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