4. Stay Updated Always
Opportunity comes but once as many know it,so always stay updated about crypto,read crypto news online and keep tracks on your altcoins so that you wont miss future updated or even token swaps,some altcoins i hold have already switched to MainNet and im glad i dont missed the opportunity,you can use blockfolio app to track your altcoins.
This is a great list BUT... When long term holding, I'd like to think that you don't "always" need to stay updated about crypto. I'd actually think that I am long term holding exactly for the OPPOSITE reason which is because I don't want to need to be constantly updated with crypto news and shenanigans. You will need to at least stay updated on your own coins. For example, if a coin swap happened due to a chain migration, you may lose all your coins if you do not claim them within a period of time. One recent case will be BTCP in February this year. |
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For a long time, I did not trust the evaluation and display of CMC. The number of fake volumes is huge. The figures here are not realistic. If in the top 10, I think of Binance, okex, houbi, ... but I don't see it here lol.
I think you're wrong judging coinmarketcap site displaying with fake volumes in the cryptocurrency world. CMC site has the only trusted company that monitors the real volume of each coin. Including the ranks of every coin and exchange. CMC is well known in the industry for taking volume figures from exchanges and not verifying it. YOu can find quite a few articles on that if you search. Linking to one of the better written ones here: https://www.forbes.com/sites/annacorradi/2019/07/23/has-top-cryptocurrency-website-coinmarketcap-completely-given-up-on-data-accuracy/#7d5967a372d9 |
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If I need to use a USD stablecoin, my personal preference is USDC.
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I think IEO is very good because it allows any crypto project to fundraise with directly through the cryptocurrency Exchange platform that many of its investors like Binance are already successfully running IEO and already many projects A successful one.
IEO is one of the new strategies for crowdfunding that are still not widely known for blockchain-based projects. If you want to join IEO choose a good project.
Not every IEO is successful. In fact, Binance just announced earlier that they will be removing the BTT/USD trading pair due to lack of popularity. https://www.publish0x.com/cryptobeach/bttbtc-being-removed-binance-xpxjpz |
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Yes! By the non-mining full nodes validating everything in the network.
thirdprize, full nodes order blocks from the miners, if they're invalid, they will be rejected. All the miner's work will then be wasted.
If a mining pool controlled 51% of the network, they will be able to put through a fake transaction from one address to another. This will pass validation as there is no double spend, no block errors and the nonce is valid. Eventually, by controlling 51% of the network, they will be able to produce the longest chain, thus making it technically valid. Of course, the community can choose to thwart this by opting for a fork before the affected block, but this is another topic entirely. that's not how bitcoin works! it doesn't matter how much hashrate you own, even if you control 100% of it you still can not insert an invalid (fake) transaction in the actual blockchain that everyone else stores because it simply will be rejected right away by the rest of the network and you will be on your own, alone on a chain that you and you only think is valid. Newbies are either misinformed by trolls, or haven't done the proper research. Plus when the trolls get to them first, it's hard for the newbies to believe that they're wrong. @Wind_Fury I'm going prove you wrong. By admitting I'm wrong. Haha. @pooya87 Thanks for calling out the error. I hope to understand better now.  |
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Yes! By the non-mining full nodes validating everything in the network.
thirdprize, full nodes order blocks from the miners, if they're invalid, they will be rejected. All the miner's work will then be wasted.
If a mining pool controlled 51% of the network, they will be able to put through a fake transaction from one address to another. This will pass validation as there is no double spend, no block errors and the nonce is valid. Eventually, by controlling 51% of the network, they will be able to produce the longest chain, thus making it technically valid. Of course, the community can choose to thwart this by opting for a fork before the affected block, but this is another topic entirely. |
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I often wonder what is a trader? Is it something you can learn then how do you learn it? How can you become good at something if it is like gambling? I see these stock exchange apps on google play and they all show people winning money not losing. It looks just like gambling and you choose up or down. How can you possibly train or study for this? Yet you do get full-time traders?
What you see in those ads are binary options, and they are not considered to be trading. Your observation that they are similar to gambling is spot-on! Many regulators consider binary options to be gambling: https://en.wikipedia.org/wiki/Binary_option |
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Well, sometimes even smart people do stupid things. There's even a book written on this topic!
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I never believe in TA for bitcoin and other cryptocurrencies, i think TA will not gonna work for bitcoin, TA will only work for older assets like stocks
Just curious about what you kind of analysis you do if you do not use TA? |
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You will also need to factor in the available liquidity.
Even for a large exchange like Binance, their USD-based order books are much smaller when compared against the BTC-based order books, so there will be some price difference. If you place a large order for a USD-based pair, you may find that the price you get is unfavourable when compared against the BTC-based pair.
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As long as there is a willing seller of the coin, whether in CEX, DEX or P2P, then you will be able to buy it.
When a coin mining limit is reached, it only means that there will not be any more mining rewards and probably only transaction fees.
There are already many coins with a fixed limit like XRP, XLM, etc.
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Whenever you trade, you should always protect your capital by setting a stop-loss order.
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NULS is testing a new community-based token staking service to allow users to participate and earn new tokens from projects being built on the NULS blockchain. Think of it as a way to gauge interest in a project like a preliminary Kickstarter. They had a first go and in a 24 hour trial period, Aleph pulled in more than 2 million staked NULS tokens which values at $1.25 million https://finance.yahoo.com/news/token-staking-reward-system-wants-172434746.htmlYou have only mentioned staking coins offering to be a better choice than previous method of raising funds for start up, you have failed to state what exactly the staking of coins is all about and how a project will benefits or raising the needed start up funds from it. Yes he did. You literally just had to click the link to see the answers to your questions. The "How it works" section and other parts of the article provide answers. |
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Just a quick question on blockchain interoperability that REN attests to be able to handle.
If person A wants to use a smart contract on REN such that person B is only paid when a condition is achieved, which address does he send the BTC in order for REN to convert them into a BTC-equivalent on the ETH chain, and who controls that wallet? Is it to a special BTC multi-sig wallet where only a set of darknodes must collaborate to decipher the private key?
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What do you think about Crypto.com (CRO but was MCO before) and their Earn program? I think it is a bit suspect. How can they guarantee interests on cryptos you deposit in their wallet? And the interests are not small. It looks a little bit like Bitconnect, but with less interest. But it is still suspect. They are the number 28 coin at coinmarketcap. They also have a Loan program, how can they not make any credit check?
I have the same sentiments. I was initially going to buy some MCO but I stopped after doing further research and I was not able to find a sustainable source of revenue for them. |
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I think the successful altcoins will be the specialized coins. These coins are created with clear differentiator and purpose. I don't think ETH will be successful. It's super bloated and has even more vague use cases than bitcoin. Dogecoin is a good example. The idea is silly but it has a clear differentiator. All other limited supply/store-of-value coins will eventually be chewed up by Bitcoin. If you cross out limited supply, I think there's opportunity. I'm working on one: https://bitflate.org/. It's kind of ironic when you criticise ETH for vague use case but then promote your own coin which has no use case mentioned? |
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it is certainly the safest wallet to date. Currently I use Ledger and I am holding quite a bit of Bitcoin there.
I am quite confident in it because it is offline and hackers cannot invade.
Your wallet does not need to be online in order to lose your BTC. Your BTC is stored on the chain and is tied to a private key. That said, the chances of randomly guessing your private key is astronomically hard. |
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it is because the word "token" means any item other than physical coins and paper money. for example those small "disks" that you see in casinos are also called "tokens" which act as currency within that casino space. so people sometimes refer to any cryptocurrency as "token" too.
and if you want to get too technical then ethereum is not a "coin" or a cryptocurrency' ethereum is a platform which itself has a token called "ether" or in its short form "ETH" that is used as the fuel for smart contracts.
The casino chips are considered tokens if they are only used to allow you to gain access to the casino's services, but if they become widely accepted as a medium of exchange (e.g. if you can buy bread using casino chips at any convenience store), then they have evolved into a currency. |
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