Latest posts of: Xal0lex

Quote from: Adbitco on January 09, 2023, 07:52:40 PM

This could be the cause of not properly do some analysis before going into investment, i believe many newbie investors do like jumping into the crypto market when there seems to be all Green, forgotten no one does investment that way rather during bear you could point out the best coin to choose. Solana and ETH will definitely gain back their value, its common and also one thing constant with the entire crypto market. Whenever there's great change you could feels the market will no longer recover but after some while they gain back their previous price but may like take time, that is why investing in altcoins is not that a wise decision but many feels is to expand their portfolio.
Hold tight your bitcoin!

Indeed, many investors make the same typical mistake, they start buying coins that start going up, not when they are at the bottom and you can buy coins at the lowest possible price. Apparently it's a phenomenon in the investing world to see the potential not when a coin is as cheap as possible, but when it has started to get more expensive. And the faster a coin gets more expensive, the more tempted such investors are to buy it

Quote from: JunkieMiner on January 09, 2023, 07:38:46 PM

one day ago, there was a coin named "FamoInu" and they are calling it a meme coin, which have about 90K followers at twitter, and they started to giving out about 251 NFTS Worth 1 Solana each, I bought it for 1 Solana, and after their Nfts sold in one to two days, they ran away and deleted their all accounts. So I mean that, in these days many fake meme coins are there to scam. Be aware

It is definitely worth staying away from such projects, because they are not known, not supported by anyone and not traded anywhere. Such coins are created to quickly enrich the creators of this coin and the final result of such coins is always the same, it's a scam. If you want to invest in meme coin, you must take care to analyze some data about the coin, e.g. how it is liquid, which exchanges it is traded on and so on.

Quote from: JamesDaniel90 on January 09, 2023, 11:06:11 AM

-snip-
Also, looking at the BNB chart I see it did a 25x from December 2020 - May 2021 which took it to its all time high, what caused this?

This was caused by the bull market and the growth of liquidity in the BNB blockchain. In December 2020, the cryptocurrency megapump started. The demand for this blockchain increased dramatically, hence the price of the token also began to rise. It is also worth considering that Binance accounts for the bulk of spot trading in altcoins and this also has an impact on the price of BNB. If a new bullish trend starts now, BNB could also grow in price quite nicely.

Quote from: Pierre 2 on December 28, 2022, 06:31:41 PM

This topic makes me remember my experience with a project from ICO era. I joined their signature campaign and promoted their product. And even bought some. They promised to deliver mobile application to sell goods. It sounded like good idea to me but I realized there were no devs, there was no app, there was only telegram group a random guy keeps telling "I joined this" and "I joined that". After all coin lost all its transaction, and I realized I wasted my investment. So you should study altcoin projects before investing.

It was a very wild altcoin market, which never existed before. People invested in everything, not really knowing what the project was about, its tokenomics, or the white paper. There was a fantastic amount of scam. I am sure that many people still have mountains of garbage in their wallets in the form of ICO tokens from 2017-2018, which they spent their time to get, but in the end these tokens never launched anywhere and their value has remained zero.

Quote from: Abiky on January 09, 2023, 11:10:19 AM

Quote from: Xal0lex on January 07, 2023, 07:22:00 PM

Cryptocurrency technology hasn't even reached 10% of its potential in the global community, and you're already thinking about something new and breakthrough. It's like buying a new phone and dreaming the next day about an even newer phone before you've even tried it. The only breakthrough, in quotes, is CBDC, which wants to completely centralize digital payments and kill cryptocurrencies with their complete substitution. Is that the kind of breakthrough technology you're waiting for? Wink

That's certainly true, mate. Crypto/Blockchain tech is just getting started, so it's going to take quite some time before something new and revolutionary replaces it completely. I still think Quantum Computers will improve the performance and cost-efficiency of existing blockchain networks. But it would be just an improvement to an existing tech. Nothing completely new from scratch that will blow your mind.

The world is struggling to recover from the negative effects of the COVID-19 pandemic and the Russo-Ukraine war, so we can't expect any advancements in technology until the tide is over. Who knows what the future holds for crypto/Blockchain tech? Just my opinion

Even if these negative events stop, no revolutionary projects are likely to emerge. Let us remember the history of cryptocurrency creation, not from the launch of the first blockchain, but from the inception of the idea itself. Almost half a century passed between the first thoughts and the first product, technological projects like cryptocurrencies are born for a very long time, decades. And it will take another decade before this technology is fully adopted around the world and available to everyone.

Quote from: Wiwo on January 08, 2023, 09:35:47 PM

-snip-
1: What is the impact of FTX bankruptcy sega on your
altcoin portfolio?
2: what is the level of your portfolio recovery because I am well aware that some coins have started recovering already, but we can't be certain how long that recovery will last.

Of course, my altcoin portfolio became more unprofitable after the November events than before. Some of the altcoins I was buying at the bottom showed a new bottom because bitcoin dropped sharply to $15,500, thereby pulling all the altcoins I had in my portfolio. Now the recovery is starting and my portfolio is also recovering. My portfolio is not short-term, so I don't panic too much when I see temporary drawdowns.

I follow this project because it attracts a lot of money from big investors. ZK-Rollups are quite a popular topic lately and all such projects now attract a lot of attention from investors. How much this coin will be worth now it's hard to say, because we don't even know at what prices these coins were sold in funding rounds. I think the first predictions can be made after the start of public sales of tokens.

Quote from: Cee2 on January 09, 2023, 09:10:23 AM

The next hype seems to be the FRONK token on Solana.
-snip-

Never. Such coins are born out of a desire to get their share of the hype and some of the money on the wave of success of a more popular meme coin. That's why such clone projects will never be the next hype. If you want to be guaranteed to lose your money, you can invest your money in this next clone and be greatly surprised that it did not meet your expectations. There are about 20-23 projects like FRONK for last few days and all of them are total garbage and not worth paying attention to.

Whoever has many influential acquaintances, the laws are not as harsh for him as they are for the rest of us. I can explain this leniency and softening in his direction by the fact that he cooperates with powerful politicians who are involved in his patronage. Perhaps we are talking about patronage for bribes. It is likely that a great deal of dubious money passed through the FTX exchange, or that it was some kind of laundry room for whitewashing illegally obtained funds.

Quote from: o48o on January 08, 2023, 07:16:17 PM

Quote from: Inspiron14 on January 08, 2023, 06:26:16 PM

-cut-
do not believe in memecoin other than DOGE and SHIBA,
because memecoin is very dangerous for future investment, unless you just want to trade it

People didn't believe in memecoins like Doge and Shiba when they came.
Some people warned not to invest in such a crap.
Some people didn't listen to warnings and made lots of money by investing to them.

So how can you tell this is not one of those cases in the future?
Personally i wouldn't know. One thing i've learned is to never underestimate stupid people and their willingness to keep meme coins high in charts.

Investing in memcoin does come with a lot of risk and there is a lot of scam on the market, which is mainly focused on pancakeswap, but this coin is traded on more influential exchanges, so there might be a little different development here. In any case, the next 6-12 months will put everything in its place and show who was right and who missed the profit.

Quote from: paramind22 on January 08, 2023, 04:43:15 PM

There were not enough people who cared about keeping the project alive. Few involved had enough deep pockets for that, and they selfishly out of need for paying their bills, crashed the price. There needed to be things like airdrops and public education and they were too naive to understand concepts like that.

What could have been a great way of generating more cypto for one's money and remaining decentralized was far too beyond the lack of virtue in this space.

The main, and main, problem with most projects is that people come there for the earnings, and they are not interested in the project itself and its concept. They do not want to go into the details of the white paper, they do not want to evaluate the characteristics of the project, they only want to see the price increase in order to sell their coins as quickly as possible and leave the project. It is this kind of action that has ruined so many young and promising projects.

Quote from: Patrol69 on January 08, 2023, 04:38:37 AM

Digital currencies have gone down a lot in a span of few days. Between 2020 and 2021, the market for digital currencies was also very good. But since 2022, the market of digital currencies has been going down continuously. Every investor has suffered huge losses by investing in digital currencies. However, many have analyzed the market and by analyzing the market they have said that the market of digital currencies will be strengthened a lot from the end of 2023 to the middle of 2024. If their figures are true, I think digital currencies will be in a much better position in the coming years. To those who invested in digital currencies, I would like to say that if you wait until 2024, maybe something good is waiting for you.

They have fallen in price over the last year, nothing serious happened in the last few days. The bear market is doing its job, who will survive this period, will get good profits in the future, and who will not, will count losses and catch FOMO. Now a lot of people are saying that everything will start to rise soon and I don't like it very much, because the market very often likes to move against the expectations of the majority.

Quote from: SquirrelJulietGarden on January 08, 2023, 12:53:00 PM

Quote from: Xal0lex on January 07, 2023, 08:26:55 PM

I've been using two wallets for TRON, this Trust Wallet and Atomic Wallet for a few years now. Pretty good for exchanging and storing TRX. Although, if you need a TRON wallet to connect to some services that support this network, it's better to use native TRON wallets, like TronLink.

Both Trurst wallet and Atomic wallet are close source.

I used Trust wallet but never used Atomic wallet. I did installed Atomic wallet on my computer but decide to uninstall it later.

I did not want to install wallet softwares on my devices to use them. Metamask is my more favorite wallet than Trust wallet. I can use it directly on browsers.

With wallet extensions on browsers, I did not use Chrome but chose Firefox. There is rumor that Chrome has loopholes and is compromised recent weeks.

I have been using these wallets for several years and nothing bad has happened to my funds. Rumors always are and always will be, I am never guided by them. I will give up these wallets if there is a reasonable investigation somewhere that these wallets are malicious and steal users' funds. Until that happens, and it is unlikely to happen, I see no good reason not to use these wallets. I like Trust wallet better because they finally added a browser version.

Quote from: summonerrk on January 08, 2023, 12:13:18 PM

Привет ребят, не заходил сюда много лет - вопрос: можно еще чтото заработать на ношении подписи?

Можно. Русскоязычный топик с подписными, которые проходят на форуме Таблица Подписных Кампаний за Bitcoin. Выбирайте.

Quote from: andy_pelevin on January 08, 2023, 08:13:11 AM

Quote from: internetional on January 08, 2023, 07:34:27 AM

...
А вот идея с твиттером мне понравилась. Надо попробовать.

На эту тему есть более универсальные решения, типа, расширение в браузер для мониторинга выбранных сайтов. Я иногда пользуюсь Distill Web Monitor, но есть и другие с примерно таким же функционалом... Для мониторинга твиттера использовать не пробовал, но мне кажется что будет работать так же как и на любых других сайтах.

У вас ссылка ведёт в никуда.

А ссылка где?

The coin is now at the very bottom, and it is not known how long it will stay there. The market now is not set up for any growth and the volatility of many projects is at a minimum, and at such rates trying to extract short-term profit from something is almost impossible. If one invests in Polkadot, then on a long term basis, much more profits will come out than on a short distance. I'm sure DOT will hardly show itself at all on a short range.

I don't think that the main function of cryptocurrencies as a means of payment should suffer from the fact that the market is in a bearish trend right now. It's like spending less money because the exchange rate of the national currency has gotten lower. There is no correlation here. Only speculators and investors, who use cryptocurrencies only to profit from the difference between buying and selling, are looking at the rate.

Quote from: krishnaverma on January 05, 2023, 05:58:24 AM

Recently a meme coin was launched on Solana network which got a lot of hype. As a result, Solana prices are about 40% up in last one week. Do you think this is good thing or bad thing for solana ? Just a meme coin causing this boost instead of some solid news like good partnerships or adoption in some company.

By 40% in the last week? Where did you get that data? This meme coin has made several thousand percent profit in a week and is not slowing down. Judging by the way it is actively added to their listings by various major exchanges, the growth may continue for the foreseeable future. Although I'm against meme coins and don't consider them something valuable, this coin is really very different from many of its competitors and counterparts.