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1  Economy / Trading Discussion / Has Trading Competitions competitions led you to challenge your skills? on: May 16, 2024, 11:49:55 AM
I think a lot of you traders can relate to me, ever since I joined this space in 2018, I have been struggling to make one trade or even a transaction. It doesn't matter if it was USDT p2p or anything.
I took so much time that I didn't even get to make profits that I hold but rather I lost a lot, But basically, it was my fault that I didn't really dig deep into it. Many of you are researching, checking project news, and familiarizing yourself with the charts. These three factors were not in my mind.
Years passed by, I learned to do much better than my newbie days. I gotta show my respect to all of the newbie traders here in the forum, cos I was in the same place as you and it didn't make me professional in an instant. It took me years to do what crypto traders would do to trade and make a profit

I have some friends that taught me how to trade much better, I am not sure if you guys were into trading competitions. I was partaking in some kind of annual trading competition called KCGI last year, that included demo trading & copy trading. That required my friends and me to create a team and we actually did some good trading volume in order to win rewards.
I learned that I would do demo trading and try my trades better, over time it was effective, as well as with copy trading.
There's a lot of trading competitions I joined in to get myself more into trading. I can't name them all but there was Bitget's KCGI, Binance Futures Tournament ,  WSOT by Bybit  Well of course, I didn't really care about rewards, but I once won something from Binance futures last year from doing futures copy trading.

If you guys really wanna get into them, then I think there'll be more crypto trading tournaments this year. You just have to be sensitive to announcements and have courage to participate ahah. Any experience about trading tournaments, let's hear your view.
2  Alternate cryptocurrencies / Altcoin Discussion / Have you been profiting from memecoins? on: May 14, 2024, 04:02:23 PM
So this isn't just a new topic but nowadays I see that on twitter, and discord, people have been profiting from memecoins, especially on solana and some other chains.

BONK, WIF, and MYRO are prime examples of highly traded memecoins that have generated profits for investors. What's interesting is the pattern, when a new memecoin launches or builds hype, it tends to trend across X, telegram and often gets listed on major exchanges.

I recently observed this with the $FUD memecoin on the SUI network. It surged over 70% upon listing on Bitget and MEXC. Their community was actively promoting it, so I took advantage of a dip and bought some $FUD. I don't typically hold memecoins long-term, so I set a price target and monitor its performance.

I think the main game starts once you understand the strategy and plan. If you really want to make some profit with meme coins, find them on Coingecko and research. Now I'm not advising you all to do the same as me but I'm just sharing what I do when investing in meme coins.
3  Alternate cryptocurrencies / Altcoin Discussion / Can iMe Lab Make Crypto on Telegram Mainstream? on: May 11, 2024, 02:19:53 PM
You guys probably know that Telegram is the go-to platform for crypto-related stuff, but one key feature it's missing is a full-fledged wallet. I know there's already a built-in wallet, but it requires KYC and only supports three assets – USDT, BTC, and TON.

But their own iME Lab app that enables you to transfer any asset across 8+ supported chains. The default chain is BNB since their LIME token is on the BSC network. They've basically integrated Binance functionality into the ecosystem. And since the app is built with the Telegram API, your privacy remains intact. Plus, you can customize it just like Telegram. Essentially, it's Telegram but with full wallet access, you can even send crypto to your contacts who also use the app.

Speaking of their token, it fuels the whole ecosystem. You can use it for premium features, governance, and even gas fees for transactions. The project has already attracted most trading platforms such as Bitget, Uniswap, and MEXC, which is pretty impressive.

I haven't seen any other developers try something like this with Telegram. The idea of having full wallet access within Telegram and being able to send crypto to friends is pretty cool. What do you guys think? Is this a project with potential?
4  Economy / Marketplace / What's Causing The Decline In Web Traffic Of Most CEX Exchanges? on: May 09, 2024, 06:02:41 PM
Hey guys, I am pretty sure most people here trade BTC/ETH in CEX.. Many CEXs assure users about their funds by emphasizing strong security measures, a clean Proof of Reserves (PoR) record, and well-funded user protection programs.

Now I'm not completely saying that CEX is dead or something but a recent report from SimilarWeb shows that in April, some of the exchanges like Binance, coinbase, bybit and more, all seeing double-digit percentage decreases. But interestingly, Bitget and Gateio seem to be bucking the trend with increased traffic, particularly the former with an 11% surge.
https://twitter.com/ICO_Analytics/status/1788212200357650655
It would be interesting to hear your thoughts on this. Are you seeing a similar trend in your use of exchanges? Do you believe CEXs can reverse this decline in web traffic?
5  Alternate cryptocurrencies / Altcoin Discussion / Are you taking advantage of this red market? on: May 01, 2024, 03:22:16 PM
Well recently the market is in a bad mood. and I'm sure many of us are wondering why.  While there's no single answer, recent news suggests factors like Hong Kong ETF disappointments and the Fed's interest rate decisions are influencing Bitcoin's downward trend.

As we know, altcoins often follow Bitcoin's lead. This dip in BTC has also dragged down Ethereum and others, potentially creating excellent buying opportunities for those who might have hesitated before.

I know you guys will be asking me, why is this post when time's going out? To answer you, I'm already taking the dip. It's a good thing that some exchanges even started events, I am also currently trading some BTC and ETH in a trade to mine event on Bitget to earn some BGB rewards.

Well people might want to know that you guys think this is a perfect opportunity now to load up on BTC and ETH? I think people should take this as the perfect time to buy the dip while the dip exists now.
6  Alternate cryptocurrencies / Altcoin Discussion / What do you think of Predict to Earn Model? on: April 27, 2024, 10:41:20 AM
Probably you guys know that P2E/M2E and others have faded away in continuous hype.. It's not the same thing anymore or whatever you wanna call it.. People used to earn a lot of money through these models and the reward has been low and still on that way.. I think if we look at other concept like Predict to Earn. It may live up to its own hype and never die, because why? you're getting rewarded by staking and predicting movement of crypto price.

Similiarly I noticed Green Bitcoin has come up with this concept of Predict to Earn and also an unique mechanic called Gamified Green Staking. It's built on Ethereum Blockchain, since it aims to be a greener alternative to Bitcoin. Their $GBTC token has been in a presale that concluded with a remarkable $9.5 million raised from investors, then it went live on Uniswap first and then eventually it got listed on Bitget.
The whole thing is you stake your own $GBTC tokens, to earn up to 125% APY rewards and with that along, you make your predictions about the price of Bitcoin. Once you get a successful prediction, you might end up earning rewards with high yields.

Now you may feel that the project might not be worth it so that's why DYOR is important for you to do. I feel like they can pull this off with this concept.. So what do you think?
7  Alternate cryptocurrencies / Altcoin Discussion / Are you restaking wBTC right now? on: April 25, 2024, 09:11:50 PM
Well so, as of now, BTC is at 63K and I know that it'll stop going down at some point, so I was wondering if any of you are restaking wBTC right now?

I know that BTC doesn't have a staking mechanism. So there is wrapped bitcoin that makes it easier to stake and etc
I can see some projects like Bouncebit offering a restake for the wBTC, first you deposit wBTC and you get BBTC in return. This BBTC can then be staked to earn rewards, or utilized in a variety of DeFi activities across different networks.
Interestingly, BounceBit also uses a dual-token system with its native token, BB, which plays a role in securing the network and potentially offering additional benefits. The project is relatively new and the token is not listed yet on exchanges.

But anyways this is really cool once you start to farm your yield from your BTC. You will feel that's making you reap more benefits from your BTC. So are you actually utilizing the potential of your Bitcoin holdings in this way?
8  Alternate cryptocurrencies / Altcoin Discussion / Web3 Is Getting Stronger? on: April 23, 2024, 10:18:59 AM
Okay title is just a question on how I think web3 is getting stronger. Nowadays people don't even value those web3 projects, always in for the gains instead of helping the team going ahead on web3 path..

It came to my mind that web3 can actually grow stronger... I am sure you must have heard, entertainment, NFTs, games were made easier to access thanks to web3.. Now to make it even easier for beginners, Playbux project is bringing their stuff to onboard new users and bringing a whole new level of web3 entertainment..

It's not just entertainment they're gonna be doing. A lot of stuff being pushed with their usecases, such as the Shop-To-Earn model that lets you earn their native token, $PBUX in cashback while shopping in their web3 app. And speaking of token, it has already attracted the attention of major cex listings such as Bitget, Kucoin and more. Plus, they've seriously stacked up on partnerships. We're talking Binance Labs, Visa, and a whole bunch of other major players in the Web3 space.

i am pretty surprised how many things can be done with a project like this, what do you think of web3 going stronger and better?
9  Alternate cryptocurrencies / Altcoin Discussion / How much interest do you earn from your USDT? on: April 20, 2024, 01:21:54 PM
Well asking this question cos I wanted to see how many of you do stake your USDT. I have seen my friends earning lots of interest from their USDT holdings. So I also wanted to stake some USDT to earn some interest since it's sitting on my wallet doing nothing. I checked a few cexs that offer USDT saving option or other options that offer interests.

So I was seeing that Binance offering 2.85% APR on their flexible staking product, which translates to roughly $0.0781 daily for a 1k USDT stake. But some other exchanges like Bitget and Bybit offer tiered flexible staking rates that can potentially yield higher returns. For example, Bitget offers rates ranging from 3.70% to 8.70% APR depending on the staked amount and with 1K staked, it's like 0.169$ daily, and Bybit offers a flat rate of 2.13% to 7.12% APR also depending on staked amount, so with 1K staked, it's like 0.126 USDT daily.

Now I want to know what's gonna be best. I know Binance has lower interest but i'm still torn between these. So I wanna know y'all thoughts.
10  Alternate cryptocurrencies / Altcoin Discussion / Where do you see NFTs heading in the future? on: April 19, 2024, 11:01:07 AM
NFT has come a long way, some think NFTs are dead, but again some think NFTs is heading in a way that keeps them alive, I feel that second one is the most reasonable thing.

It's not like NFTs are dead.. I know that some of you hate NFTs for them being too stupid. I agree that low quality NFTs shouldn't be listed as high price. Like what do you see in a stupid monkey art disguised as NFT haha..
Well moving on... I believe NFT can be good for artists, or example, I created a Photoshop piece featuring a house surrounded by haze and considered turning it into an NFT. Unfortunately, the fees on platforms like OpenSea and also Ethereum fees are quite high lol.

One of my friends suggested that Rarible is best for minting NFT since it's good and not expensive at least what I have seen. He just said "Get some matic for fees, open rarible and create a collection then mint the nft". Of course I checked it out, and it's not bad either. I saw that using their RARI native token has more advantages in their platform, since they incentivize buyers and sellers using their token on platform. I've also noticed on CMC that RARI listed on rapidly growing exchanges like Bitget and MEXC.

I think there's a market for selling photoshopped art or handmade arts, potentially at high prices. There will always be someone who appreciates your work. I do believe that NFTs aren't done yet – what are your thoughts?
11  Alternate cryptocurrencies / Altcoin Discussion / The claim of OMNI airdrop is today! what do you think? on: April 17, 2024, 10:47:40 AM
I'm sure most of you know this project considering it's been around since 2021 and was founded by Harvard graduates. The Omni team was working on the project throughout 2022 and possibly late 2021, with development intensifying as they secured $18 million in funding, backed by well-known VCs in the industry.

Many early testnet users participated in building the OMNI network and its blockchain to bring true interoperability to Ethereum's rollup ecosystem. This could be a game-changer for developers and users alike.

Today, the team announced that the OMNI token airdrop claiming period starts at 7 AM EST. Most of the eligible users are early testnet users, builders, and key participants within the Omni community. The rest are EigenLayer Restakers, Milady Maker & Redacted Remilio Babies NFT holders, and a few others, including additional NFT holders and protocols.

Binance also announced this as its 52nd launchpool project, and a few other exchanges like Bitget are hosting a candy bomb event due to the hype surrounding the project. Listing will occur one hour after claiming.
If you were one of those NFT holders or testnet users, you're lucky to be receiving some airdrops. Now the question is: are you going to keep them or sell them?
I think it could be a scenario where people sell early and regret it later.
12  Alternate cryptocurrencies / Altcoin Discussion / What are the blockchain projects you're investing in? on: April 15, 2024, 02:55:31 PM
So, the crypto market has gone down due to conflicts of war. I was thinking to see some good projects that I could research and invest wisely. Although the market is now showing some signs of heading towards green.

Basically I was investing on Polygon, the blockchain with cheapest fees, and already has lots of major exchanges. But the price is not good nor shows positive signs of moving. Now don't mind me but I invested it during the 0.8$ price range and it was good until the market decided to crash lol

So looking ahead for new blockchain projects, I discovered that MASSA is the newest blockchain project, but comparing it to polygon is not realistic, since it's just another project in its own creative way to thrive in this space. In fact it is pioneering a radical approach to blockchain technology with its unique blockclique architecture, capable of processing up to 10K TPS.
Another cool feature is their Autonomous Smart Contracts. These allow for all sorts of applications, like DeFi, and even let dApps run entirely on-chain. Like Polygon, MASSA got its own token, $MAS. Like I mentioned it's new in space, it has attracted few listing exchanges. You can use the token as transaction fees, participate in DAOs, Insurance Claims, etc

Let me know if there are any similar blockchain projects you can recommend, or you can tell me your thoughts on this project and if you think it has the potential to thrive.
13  Economy / Trading Discussion / Have you tried Pre-Market Trading? on: April 13, 2024, 12:49:48 PM
Hey guys, I discovered this product called Pre-Market Trading yesterday when an exchange announced MERL token pre market trading, so far I know about how OTC works, but Pre-market trading is a new innovation that I have not tried yet.

From what I can understand, people who buy can lock in price, but since it's kind of like a pre-order. They won't get the coin right away, but they already lock in the price. The best part is you don't really have to own crypto during execution of pre-market trading, but you gotta have it once it's delivery time. On the other hand, While sellers might not own the coins yet, they need to guarantee they can deliver them by the designated time. To ensure this, platforms often require sellers to put up a deposit (margin). If they fail to deliver, the trade is canceled, and the buyer is compensated using the seller's deposit.

I wanted to see if any of you have experience with Pre-Market Trading. What are your thoughts?
14  Economy / Exchanges / Growth Metrics For Transparency of Crypto Exchanges on: April 11, 2024, 08:09:06 PM
It's true that transparency is absolutely essential in this crypto space, let it be CEX or DEX, everything should be shown as in reports to you few times once a year. The data from the report is important. Since it helps you and me as a user, to decide which exchanges to trust with my hard-earned crypto.

Many exchanges are leading the charge in transparency. Some report dives into user base growth, trading volume and security measures. This detailed breakdown helps users understand how the exchanges operates and how their funds are safeguarded. You can have a look at this: https://cointelegraph.com/news/bitget-exchange-volume-tops-1-6-trillion-q1.

I believe providing this kind of transparency will help building lasting trust between platforms and their users. If we're going to invest our assets in exchanges, we need that confidence that our funds are being properly managed and protected. Regular reporting offers that level of reassurance as I mentioned earlier.

So what do you think? Are CEXs doing enough to be transparent, or is there more they can do?
15  Alternate cryptocurrencies / Altcoin Discussion / Memecoins on the Solana Chain are still thriving. on: April 05, 2024, 03:53:40 PM
Over the past few weeks, meme coins have been dominating the market on the Solana chain. Twitter feeds are flooded daily with raids of memecoins, leading many to earn significant profits and even become millionaires simply by investing in meme coins.

You may recall the incident involving SLERF token, where a developer mistakenly burned $10 million in funds sent by presale investors. Fortunately, the situation was resolved, with donations from Bitget and XTCOM. This highlights the resilience of the meme community and the benefits of being on the Solana chain, which not only benefits SOL holders but also contributes to increased adoption.

For those involved in the Solana meme space, you may have noticed the influx of new memecoins on the chain. For instance, MUMU token has been popping up on my Twitter timeline today. Upon further investigation, I discovered they've been listed on major exchanges like Bitget, indicating continued growth and potential value appreciation, despite being tokens with no real use case.

What are your thoughts on this? Do you believe this trend will continue to grow, or is it just overhyped speculation?
16  Alternate cryptocurrencies / Altcoin Discussion / The Future of Social Interaction. on: April 04, 2024, 03:02:20 PM
Combining the power of artificial intelligence (AI) with web3 technology to create an unprecedented platform for personalized and immersive social experiences is gradually becoming a trend

The integration of web3.0 ensures decentralization, transparency, and user ownership, empowering individuals to control their digital identities and social experiences.

I believe the enlistment of the CHATAI token on top tier exchanges is a positive development  and should provide the project with added visibility and liquidity, while giving the exchange users access to a promising project with unique potential in the blockchain space.

But the increasing curiosity is, will the AI project play an increasingly important role in connecting different blockchains and driving innovations?
17  Alternate cryptocurrencies / Altcoin Discussion / What's your take on blockchain's future in the coming years? on: April 02, 2024, 09:03:11 AM
As we all know, blockchain is improving and only a very few things promised to do better. But what we need is more focus in order to foster transparency, circularity and new forms of responsible production and consumption. You can see that blockchain infrastructure's potential to disrupt is attracting major attention across industries, from information and communications technology to finance. This technology could reshape the very foundations of our global economic system.

Based on what we've observed so far though, here are some thoughts on how blockchain infrastructure could progress in the near future,
I think we'll see more specialization where networks optimize for specific use cases and industries. Generalized chains have proven the model, but tailored protocols may better solve unique challenges like scalability for sectors like fintech, logistics, media etc. I have seeing LUKSO exploring how to empower creativity are exploring this path. If you know this project, let me know in discussion, cuz I heard it's a project by the creator of ERC-20 and ERC-725. They have their own blockchain network, which is designed by Fabiam Vogelsteller and Majorie Hernadez. Considering these folks, they claimed to have played a pivotal role in the early days of ethereum. They also have their own token, LYX that functions as a currency within the LUKSO ecosystem and listed across many major exchanges, bitget, kucoin, gateio and others.

It's obvious there's so much more we can do with this blockchain technology, especially as we experiment across different fields.  That makes me curious, where do you see specialized blockchains like LUKSO having the biggest impact over the next five years?
18  Economy / Speculation / Is It Time to Buy More BTC? on: March 20, 2024, 03:02:50 PM
I've been watching with interest as Bitcoin has pulled back over the past week after hitting new highs. Part of me wants to accumulate more while the price is down, but I also wonder if we may see it drop further in the short term.

Well there are good arguments on both sides. On one hand, the long-term outlook for Bitcoin remains very bullish as adoption increases. Even major institutions continue entering space, and trends like halvings may lead to new all-time highs over the coming years. But on other hand, factors like the upcoming Fed meeting could continue to bring volatility in the short-term.

I also think this price drop may present a good buying opportunity for someone looking to DCAing and I'm also looking to buy more BTC especially since BTC's price is low and there's zero fees on Bitget. Of course, as with any investment, only put in what you can afford to lose. 

So, even if it dips further short-term, history tells us Bitcoin tends to go up in the long run.
19  Alternate cryptocurrencies / Altcoin Discussion / Are Layer 2 projects worth watching now? on: March 07, 2024, 02:06:50 AM
Well title says it all, layer 2 scaling solutions are basically an interesting development in blockchain technology. By conducting some transactions off-chain, protocols like Polygon and Arbitrum aim to dramatically increase throughput while cutting costs.

Looking forward, I've been keeping a close eye on projects like Map Protocol that are showing promise in taking the load off of blockchains. Since they are working to enable cross-chain messaging between Bitcoin Layer 2 networks and others like Ethereum. If successful, this could potentially unlock new interoperable applications. Combined with their own MAPO token, it's starting to look like a full-fledged ecosystem.

Of course the big question is always, can it really deliver at that massive scale? I'm eager to see how real testing shakes out as development progresses. But their MAPO token getting listed on major exchanges like Bitget, Kucoin tells me big exchanges are taking an interest too.

Think about it, If a project like Map protocol pulls off even a fraction of their vision, it could be huge. So let me know your thoughts – do you see Layer 2 as a major part of Bitcoin's future?
20  Alternate cryptocurrencies / Altcoin Discussion / The Rise of Decentralized Cloud Computing? on: March 06, 2024, 04:14:35 AM
Decentralized cloud computing is an idea that interests me as someone who cares about digital privacy and security online. Projects like TRIAS are working to develop this new type of cloud infrastructure that takes advantage of blockchain technology.

From what I understand, it aims to solve challenges around network efficiency and data handling for distributed apps. I think achieving this could be hugely valuable as more services move to decentralized models. Like I mentioned earlier about TRIAS, which has its own token called TRIAS that facilitates transactions across their decentralized platform. Currently, the TRIAS token is available on almost all top exchanges according to their info on CMC with Bitget cex coming to list today that could create more exposure and even an upward movement in the price.

You know, I find myself wondering how well projects tackling decentralized cloud adoption are able to not only develop innovative tech, but also effectively promote and educate others about the potential of their services. Will 2024 be the year of meaningful decentralized cloud adoption?
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