I will choose polkadot then BSC, because of the developer if BSC is gavin wood. And the uses case for DeFi is more in polkadot then BSC. It will take time to create fulky functional system but dot will made it in the end.

There are many of us who do not know what is burning coins or tokens, so I will highlight the details for them today.
Coin or token burning is the removal or burning of a coin from its total supply.  We can call coin burning the amount of coins that will be removed from the total supply of a coin.The main purpose of burning all coins is to reduce the amount of coins.
Suppose you burn ltc coins, now suppose LTC has a total supply of 100000000, now if you want to burn 20% coins of this project, they can burn coins slowly.

Coin burn results:
  The result of burning coins is that they will reduce the amount of coins from the supply.  As a result, the supply of that coin will decrease and the price of the coin will increase. We all know that 50% of the bnb coins were burned.  And as a result, the price of bnb coins is much higher now.

Is DeFi dead?

• With China effectively banning crypto.
• India planning a ban.
• Europe and US planning to force users into centralized exchanges through KYC.
• South Korea is already forcing KYC and banning certain altcoins.

This will encapsulate roughly 90% of the money in crypto.

Let's look at what DeFi is supposed to offer:

• Decentralized exchanges (DEXs) - Effectively banned.
• Stablecoins - to be replaced by CBDCs
• Lending platforms - Effectively banned or no different than banks.
• "Wrapped" bitcoins (WBTC) - still around, but limited utility.
• Prediction markets - are there any? Will likely be regulated as a security, in near future.

Is DeFi dead? What good is it anymore? What utility will altcoins like ADA even offer?

It certainly seems like it will be in the US and Europe if residents don't make their voices heard to stop imminent crypto legislation.

The popular opinion now is buy the coins that are down, and when the market recovers that you'll be in profit. While that saying is correct but that doesn't go for all coins. Don't go buying every coins you see losing value just because you think when the market bounces up, they'll follow. Majority are losing value because people are seeing them for what they truly are which are just a waste of investment and time, also a ticking time bomb waiting to explosed.

The memes you all are rushing to buy today most probably will die with this market and won't be much of a sort after coin when the next bull run comes same goes for the Defi, NFT, launchpad projects you're all rushing to get them cheap not knowing you're buying a waste. Choose wisely, follow up the project. See if their developers are working on something or just hiding behind the now popular saying, the market is unfavorable.

Project with visions uses the bear market to build as they'll be getting less distracted with the whole when moon or when binance question for those not listed there yet. The current market situation present an opportunity to research properly and invest wisely, take notes.

I have felt this week with lots of hope as the entire cryptocurrency market is on a bullish look and ethereum doing a 5% rise in the late hour of yesterday and at the moment selling for $3,254 which

Is still and good price with many expecting next next altcoin season. what are your recommended altcoins or defi token to invest in for quick profits at the moment.

I was looking at staking my ethereum. The interest rate seems good and I found BlockFi.com which seems to be around 10% (not guaranteed rate though). Is there a risk of losing coins and is staking recommended? For Ethereum, which site pays the highest APR and is the most reliable/safest?

Thanks!

I've seen several times that every altcoins doubles the price in a single day which means every coin or token has its opportunity to boom. IF BTC price does down they drop but suddenly they skyrocket by the next day itself, it's pretty hard to judge which coin might pump for the next day. Is there any specific website which might help me to identify? Kindly share your thoughts.

Ok so there are people who say that crypto is decentralized and cannot be controlled by the government. How can this be true when the government can shut down the companies or networks where you are able to buy, sell, or send crypto?


------------ One reason that Bitcoin is so tenacious is that it is a globally distributed phenomenon. The vast majority of mining takes place outside of the US in China and central Asia. But the vast majority of Bitcoin holders and buyers appear to be US and EU entities, and the software’s core developers and node-runners (who host Bitcoin’s servers) are scattered throughout the world. The most important person in Bitcoin—its inventor—is no longer relevant, and could even be dead.

Even if a government took control of a majority of the Bitcoin hash rate, this doesn’t enable them to change the Bitcoin consensus rules or print more Bitcoin or steal anyone’s holdings. The worst they could do is use their power to mine new versions of Bitcoin (which, in the case of BCH or BSV, has failed spectacularly), or burn billions of dollars to temporarily damage the network in what’s called a “51% attack.”

They can try seizing my account but good luck with that I'm using Netcoins.ca. It's hard to hack. lol

Should you hodl forever?  Does everyone have a price?  What is yours?   

There are few types staking platform such as cold/private wallets, staking-as-a-service, DeFi staking.

But the there's no well known platform to stake bitcoin, do you guys know where I can stake bitcoin?

So far, I found Binance and SnapBots as the best. If you ever staked on both of the platform, kindly gave your reviews below!?

-- Depends on what you're looking for. Netcoins for convenience and safety, Binance for best prices IMO. Netcoins is nice and easy to use. They have limit orders and a decent UI. The spread isn't the greatest (compared to newton) but netcoins allows etransfer. Also if you use a referal you gain up to 60$ between you and referee. I like it mostly for instant etransfers. I buy btc on netcoins then transfer it to binance. I also sell btc on netcoins when I want some cad back. Canadian crypto exchanges have a bad rep so I'm hesitant to leave any money on other Canadian exchanges. 

Will there be a Coinbase crypto that eventually becomes available on various exchanges?

it is possible in the future. Who knows? but Coinbase might not be allowed to do business in Canada due to regulations, not worth taking a risk with any other company. Netcoins management are advisors to the securities commission in Canada. Netcoins is the way to Canada for me.