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Here are reasons why DEFI is a high risk investment
1. A glitch in the system can lead to loss of funds or blocking of all assets
2. Developers boost that their codes are impenetrable but they can't oversee how users interacts with applications and platforms, meaning human errors are inevitable.
3. Market is very unpredictable and there is no any form of insurance available for investors, they risks of losing fund is very high
4. YIELD FARMING
Yield farming means the creation of tokens to reward users who provide liquidity to a project, meaning it's a must for users to invest their tokens on the project, you won't be able to trade or sell.
Today many projects are going into DeFi because high yields are offered and investors want quick profits too .
With DeFi the risks are insanely bigger compared to ICO.
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It seems many new bounty hunters are joining this forum weekly or monthly, every single bounty campaign is full of thousands of participants, my claim is some bounty managers don't care how many you really are, even if it's just 5$ for each bounty participants, this is plain bad, I remember telling bubbalex to reduce Cartesi signature participants and I'm glad he listened, if not the reward would be very bad....
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I use binance exchange for trading and I came across margin trading and futures and options, can someone explain to me the difference? Which one is on par with binary trading that you only need to bet on price up or down? Thanks
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More than half of the 2020 crypto conferences were either canceled or postponed due to the COVID-19 outbreak, while mining manufacturers had to stop the equipment production in China, how good is this for crypto?
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Is there any one on here who is Mining coins using solar panels and inverters? I would like to know how good this is, I heard it's the best way to get rid of electricity hassle for good, I'm not worry about the cost though, just want to know the performance
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What will crypto space look like if all the coins we have now is just 20 pieces? And that is it, no thousands or hundreds allow, I wonder how profitable they will be because there will be badass huge volume and huge investors too, I think crypto problem is the quantity of coins we have
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Coronavirus is the reason why market is in very bad shape, it will be very stupid to exit because of this while others are making good choice presently, many are already saying it's the end for crypto but the fact is Bitcoin died several times in the past and it's still alive today, do not be fooled by those who don't understand the technology
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Whenever I get stucked with Usdt when trading I always remember myself what happened in 2018 when bitcoin was trading @ 19k and in February 2018 it goes down to 9k, even in January 2019 bitcoin was trading at 3,500$, My point here is there is time for everything in crypto space, Lack of patience is what's affecting many and also fear of missing out, even if bitcoin hit 50k today alas it will shrink in value sooner or later, bitcoin is volatile, its left for you to choose the best time to buy, as for me, what I care most about is turning 0.5btc to 1BTC
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Many find it hard to invest any money on bitcoin or altcoin but now that we are in a good crypto year I think its wise if you hold few good top coins but if you don't have any money make sure you hold parts of coins or tokens you earned from bounty, remember what happened to most bounty rewards in 2017? I feel same thing will happen this year, I still see people who hold GowithMi tokens and they are happy holding it, just a piece of advice
But make sure they are good projects, some bounty projects are better dump off than holding them, you have to find that out yourself, example of good bounties was Tokoin, Gowithmi, Sero, TemTum, they are worth holding, thanks
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Many thought looking up to STO projects because many of them failed since we start hearing the name but few STO projects still manages to break good records, I saw a great deal of pivotal STO development, including Blockstack, a $33.8 million Bond-I by the World Bank, a $20 million bond on ethereum by Santander, and an association with Asia's biggest land speculation trust to dispatch Connection REIT. All things considered, buys were delayed due to
1. Persistent regulatory concerns 2. Little value add beyond higher relative liquidity which wasn't enough to convert most investors to purchase STOs
But truthfully the space is growing but just slowly
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ICO terminations in 2019 were unimaginably inadequate contrasted with 2018 August and October both had none, while January 2018 had 160 projects. All things considered, 2019 projects raised additionally funding on average $6.8 million contrasted with 2018 $132,000, still ICOs are losing popularity because of
1. Concerns with funded projects 2. Regulatory hurdles with selling the tokens 3. Crypto bear market
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Since all this while that mining altcoins have not been profitable like before i don't bother to keep mining coins so i just lock my mining rig in a room and now that bitcoin halving is knocking on the door i think its a good time to start mining even if its not profitable? i believe if bitcoin surge over 30k altcoins will take the ride we've been waiting for, anyways, what do you guys think? good idea or bad ?
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I want to warn bounty hunters about bounty projects that pays bounty rewards to their platform or websites instead of ETH contract address, they mostly go against their words and you have no control over the tokens even if you have your login details.. Those who promoted Cryptomarketads(CMA) and Moozicore(MZG) knows what i'm talking about, i have decide to stop promoting such projects
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Here we go again, binance exchange decided to delist 30 different types of trading pairs on its platform and six of those trading pairs involve tokens launched on Binance Launchpad Initial Exchange Offering (IEO) platform, namely BitTorrent, Elrond, Harmony and WINk. The trading pairs are mostly TUSD and USDC pairs and Binance claimed that the pairs were being removed to improve liquidity and user trading experience and that the choice of trading pairs was as requested by most project teams. Why would the project teams want such? what am i missing here? anyone? Read the full news through the link below https://cointelegraph.com/news/binance-delists-trading-pairs-some-include-tokens-from-its-launchpad/amp
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I am curious and i need answers, the last bitcoin halving happened in 2016 and a year later bitcoin bullrun follows, in that year many believes that ICO HYPE was responsible for the bullrun and others belief it did a big a part so my question now is what do you guys think will drive the next bullrun season?
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Someone send me a message asking me that how will i know when if bitcoin will go up or down when trading? and is trading based on luck? when i decide to answer the question openly, trading is risky as well but you can indeed limit your loss if you know when to trade.
1. When to trade I belief that the best time to trade is right when bitcoin recovery takes place, the moment price stability occurs is another good time for trading or when price start surging.
2. How to trade Actually in trading you need to put aside your greed, once greed gets over you losses will follow, limit your daily trading too or you will open door to losses, trade twice a day is enough, always use low amount when trading, do not trade with big amounts, slow trading wins the race.
i am not perfect as well and i have lost some money in trading before i figured this out on my own and it works for me.
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1. Attract investors with good discount price 2. Make enough money from IEO fund raising 3. Use very low fund to list on shit exchange 4 Abandon the project slowly
This is all planned from the beginning....
Now the question is which developer doesn't know that listing on low exchange won't do any good? are devs that stupid? no they are not,infact they are the ones that understand more about crypto that any other.
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Apart from real use case do coins and tokens max supply counts as well? for example lets look at doge coin,its max supply is 280 billion and the circulating supply is 120billion which is presently trading at 0.0026$ what would have happened if its max supply is in millions ?
i think some coins have way to much max supply which actually affects the coin or token performance as well,coins with low supply will always have better value than having gigantic supply.
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Are you playing to lose or you are playing to win? a friend of mine lose all his bitcoin to trading and when he started complaining about i decide to take a look and i detected that he traded in a gambler's way. He has 100$ and he traded just twice with 50$ which results in quick lose,im not an trading expert but most trading platforms always warn traders to limit their trading to the highest of 10$ which would have given him more chances to continue trading
Apart from not learning how trading works he is playing to lose,i think this is what many newbies are doing as well,if you are doing the same you will always end up losing your money,if you want to bet 50$ on a trade you must have thousands of dollars on the trading platform not trading with 100$ and be praying for a miracle.
Trading is not something you can rush,expert traders out there spend days trading for profits and if a particular day is full of loss they quit trading for that day.
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