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Alternate cryptocurrencies / Altcoin Discussion / Re: Is NFT a Future of Crypto?
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on: September 02, 2021, 03:08:54 PM
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Nice article, On the current market NFT only considered only for art but basically it's have lot of potential and basically can be integrated for every sector for example that article said about Intellectual property right for some content creator especially on Entertaintment market beside that it can be implemented to more complex use case such as legal document and many more, It's about time before NFT get some global attention, Let's hope and wait for now!
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263
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Alternate cryptocurrencies / Altcoin Discussion / Re: What is the Difference Between Farming & Staking?
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on: September 02, 2021, 09:55:12 AM
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I prefer staking even if it could have lower returns, but delegating for example ADA to accumulate a 4/6% of ADA coins is preferable rather than delegating the ETH / DAI pair and risking having impermanent loss due to the volatility of ethereum
Yeah, staking it's much better since it's only affected by the price while Farming it's much complicated and more risky but i think it's depends on the Pairs itself, For the example you are mentioning ETH/DAI pair which is both of them it's top altcoin on the market right now and risk itself it's much lower comparing to other Farming Pair especially a new one so i suppose Farming it's much better if the Pair itself was some of Top Coins like ETH/DAI.
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264
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Alternate cryptocurrencies / Altcoin Discussion / Re: Fake token in wallet
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on: September 02, 2021, 08:00:07 AM
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Where did you experience that? in Ethereum network? I recently created BEP20 Address and I saw that I have some coins that came to my wallet I think this are scam coins I usually ignore it but whenever I'm trying to look in the explorer it's really annoying to see these coins since it's been mixed with the current assets that I have, I just hope there's a way to delete it.
I don't think it's Ethereum Network, The fee itself was too huge for the scammer to send the token and most of them come on BEP-20 Network, Yeah it's really annoying to be honest i got more than 10 Fake token already on my wallet it's just really annoying as you said, I hope BSCScan will add feature like Etherscan where it's going to hide fake asset like this.
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265
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Alternate cryptocurrencies / Altcoin Discussion / Re: Too many project SCAMS - PLEASE CAREFUL
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on: September 01, 2021, 09:06:38 PM
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I have resolved to stop buying stupid IDO and preslaes. I lost over 20+ ETH to useless projects. People just wake-up and create a copy cat tokens without any use case only imitation. Where are all the Y family series? BSC now has huge scamming projects that where able to win the people's heart, all of a sudden is a flash loan attack and that ends the project.
That was really sad to hear, Well from my perspective current market especially IDO & Presales didn't have new concept and use case, Basically most of them just recycling same concept for example as we can see, Farming, High APR, Reflect For DeFI and many more but even like that not all IDO was bad though, Just make sure too join on some big IDO platform and if possible just sell your invesment as early as possible especially after getting some profit after listing Price + Bonus, Just make sure to always do some deep research and avoid it possible, It's better to invest on some reliable crypto like BNB, ADA, BTC, ETH and many more, Good luck!
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266
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Alternate cryptocurrencies / Altcoin Discussion / Re: Be careful what you choose to invest in now, not all coins will recover.
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on: September 01, 2021, 06:51:09 PM
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You write everything correctly and I want to add what it is also worth paying attention to audits, because recently there are a lot of attacks on treasury projects from these attacks, not all assets are restored after.
Well said! Audit it's one of the most importants factor to do before doing any investing especially DeFi & NFT, We already seen lot of hacked case out there and turn out to be scam since the team itself can't recover the loss, Just always make sure to invest ony any project that already passed External audit like Certik or Techrate.
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267
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Alternate cryptocurrencies / Altcoin Discussion / Re: I am tired of IDOs
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on: September 01, 2021, 02:58:20 PM
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Yes but those tokens listing with 10x 20x directly
Most of them especially that listed on some big IDO Platform but basically you can always sneak to buy it on cheaper price when it's was newly launched on some Dex or just wait some early investor sell their bonus, If not then the only choice to buy the current price and hope the price will continue to rise. From my perspective the current IDO was on it's peak and lack of innovation with some Quick-Profit Scheme without any new innovation so it's not really healthy as before.
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268
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Alternate cryptocurrencies / Altcoin Discussion / Re: Good ways to trade?
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on: September 01, 2021, 10:13:11 AM
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Hi I am new to crypto and wonder what are some of the best technical indicators to use for trading?
I suppose you are already have some experience before on trading on Stocks? If so then i can suggest some advice, I'm not an expert though but there are some good Technical indicators on the crypto market since it's more volatile than Traditional markets, You can use RSI, Bollinger Bands, Moving Averages ( MA) or MYC, I think you already familiar with that and i personally prefer RSI.
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270
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Alternate cryptocurrencies / Altcoin Discussion / Re: Are MEME Coins A NEW Trend
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on: September 01, 2021, 09:06:51 AM
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I am sot sure that meme coins are the best decision for newbies. To my mind, it is better to start with something more reliable like Bitcoin, Ethereum, BNB and other mainstream currencies. The thing is that when these assets are at peaks, investors look for something cheap. Usually, new projects are quite attractive. What comes to meme coins. There is no hype around them now. NFT-gaming now is much more popular.
The Concept itself it's not clear and didn't have real use case, Meme Coins Trend it's going to dead soon and only some coins will survive like Doge or Shiba and i really agree with you it's not wise to tell some newcomers to invest on Meme Coins especially new one, Much better to advice them buying or investing on some reliable Crypto like Bitcoin or Ethereum, It's our job to do this and tell the newcomers so they won't fall to a trap.
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271
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Alternate cryptocurrencies / Altcoin Discussion / Re: Ransomware, Cybercrime and Monero – Is the Bad Reputation Justified?
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on: August 31, 2021, 08:20:58 PM
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Most cryptocurrencies are not as anonymous as some people would like them to be. After the hack on Colonial Pipeline where attackers demanded to be paid the ransom in Bitcoin, the Federal Bureau of Investigations (FBI) could trace the transactions on Bitcoin’s blockchain.
Bitcoin it's not supposed to hide identity completely since it's pseudonym and there as you said Monero come with basically the most safest crypto out there if you won't to be traced especially by gov, Beside that maybe you can check DeepOnion. Basically it's depends on people use the crypto, Fiat itself was much larger to be used for any Crime but it's much easier to trace comparing to crypto that basically need some stuff to trace, I don't think people especially Gov can justified crypto was "Bad" since the technology behind crypto it's powerful, It's depends how they see the positive side from it.
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272
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Alternate cryptocurrencies / Altcoin Discussion / Re: Is the crypto hype over?
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on: August 31, 2021, 07:23:05 PM
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Innovation is far from over and adoption is further. So there are still huge and plenty of room for the crypto space. All we have to do is wait for regulations and ironing out the rogue operators of cryptocurrency, then my speculation is beyond DeFis and NFTs , we are starting to realize how powerful blockchain technology can be.
Regulation i suppose didn't really much affecting the market since the Blockchain was Decentralized and it can't be controlled by anyone so as you said tons of innovations will emerged in the future and i really hope it's offering some new good things, DeFi & NFT was really good things lately but we need more unique stuff in the market. It's not over and still far from Mass-Adoption as you said from my personal persepective it just the market was stagnant and need some push.
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273
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Alternate cryptocurrencies / Altcoin Discussion / Re: Which coin i should choose now?
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on: August 31, 2021, 06:04:16 PM
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this is the right time to buy coins, you have 3 good coins now all you need is only the best recommendations, I recommend Trx more because trx can follow very normal charts, trx is also still a good coin to invest
TRX Was indeed an good option but comparing to current competitor with same use case i suppose TRX was lack of development lately Comparing to BSC, SOL, MATIC, ADA. Some altcoin that i mentioned there was boosting their development and following the trend lately and TRX from my perspective it's leave behind but yeah it's still good for long-term or short-term investing since they can adapt the current market trend but a little bit slow comparing to others.
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274
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Alternate cryptocurrencies / Altcoin Discussion / Re: what's wrong with uniswap?
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on: August 31, 2021, 08:03:17 AM
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i wonder who on earth make transactions on eth this time. other than hedge fund and big players i guess no one else would love to pay $40 for a single tx. hopefully they move to l2 sooner than later so there's no need to pay a lot of money just to make an approval.
I suppose most of them it's Exchange or Big Entities, Yesterady i just seed $150 TX Value with more than $1k Transaction fee and it's coming from Exchange wallet, It's really ridiculous to use Ethereum network right now and as you said Layer-2 Or other alternative like BSC, ADA it's the best solution so far atleast untill Eth 2.0 Implemented, Well let's hope it's going to change on the the next Update.
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279
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Alternate cryptocurrencies / Altcoin Discussion / Re: Is EOS dead?
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on: August 27, 2021, 02:57:40 PM
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maybe it makes sense what you say that it doesn't seem like EOS is getting good news to be able to move and raise prices to increase again, it's clear that marketing is needed to be able to also raise a coin so that there are still many who want to trade well.
They are lack of development lately and i suppose rather than focus on the marketing they should improvise and develop much better network, From my perspective EOS was leave behind where it's competitor already offering tons of new things lately. I just hope EOS team will become more active since i really like their concept!
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280
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Alternate cryptocurrencies / Altcoin Discussion / Re: Why people buying NFT
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on: August 27, 2021, 08:08:38 AM
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this is clearly the effect of NFT which is easy to hype and pumps quickly, why do people put assets in large amounts if it is because of hype and wants to get big profits. but in addition to only the profit factor NFT also has a good system, there are lots of concepts of coins that use NFT and it's like a new concept that attracts many people to join there
Yeah, current NFT trend it's only Quick Profit scheme which is bad & good at the same time but basically have a lot potential especially on the Content, Finacne and many other markets. As we can see today there are a lot NFT project without real use case and only some of them have an good concept for example like Axie Infinity, Offering Economic & Gameplay in one platform. Let's hope we will see some good stuff on the NFT market in the future!
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