Neither BUSD nor USDT are the safest assets. Both assets are centralized, do not fully back their tokens with dollars, are subject to censorship in terms of address blocking, and are subject to peg loss during market turmoil. When it comes to centralized assets, the word "security" is out of place here. If we are talking about secure stablecoin, it is only about DAI and similar assets, but definitely not about USDT, especially on the Ethereum blockchain.
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Moreover, not all NFT projects are safe for investment, therefore make sure to invest in potential NFT projects, then do research and analysis properly to avoid investing in scam projects.
It would be more correct to say that all NFT projects are not safe for investment. These tokens can be categorized as very high-risk tokens. I would even say, with extreme risk. NFT can lose hundreds of times in value in just one year, which is more than the vast majority of known altcoins that have been on the market for at least 1 year. Investing in NFT is more of a gamble than a real investment. My reasoning is from a retail investing perspective, of course.
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The developers created Terra 2.0, and many hamsters keep dreaming that while Terra Classic has a low price, it should be bought, because it can grow in the foreseeable future. The unique thing about this situation is that the project failed miserably, bankrupting everyone it could, but people do not learn a lesson from this and keep getting into this scam in the hope of making a decent profit.
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So, guys what will be your choice from these coins and why? Any specific reason? - BCH, AXS, EOS, BTC, ETH
Apart from BTC and ETH everything else is not worthy of attention. 1. BCH has long since outlived its usefulness. There is no trace of the former hype of 2017. There is no point in investing in the long term, because the coin is stomping on the spot. 2. AXS quickly hit the tops, but also quickly lost the audience. Incorrect tokenomics, inflationary tokenomics, and a rapidly ended hype. All this will hardly help this project to regain its former greatness, it's easier to come up with something else, as it often happens in the crypto industry. 3. EOS positioned itself as the Chinese answer to ETH. In 2017-2018 the coin was on the hype, but then it was forgotten by everyone, it is also stomping in place and has no signs of price development.
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I have an assumption that the era of USDT leadership is coming to an end. USDC is steadily reclaiming the market and the gap between the capitalization of these two assets has recently narrowed a lot, now about 11 billion. Most likely, investors saw some concerns about losing peg to the USD and started pouring liquidity into USDC in droves. USDT has not always been smooth with collateral, because judging by their audits, the collateral there was not fiat, but more in securities.
Thanks for this info, I haven't followed USDC though, as I put some of my assets in USDT right now so obviously, I'm more concern about this news. But as others have pointed out, this is DDOS attack and not on their reserves dwindling down or something. What kind of DDOS attack are you talking about? May events this year well demonstrated how USDT lost its peg and this alerted many investors. USDC quickly took advantage of the situation and published an audit where the collateralization of securities reserves is much lower than USDT. Most likely, this influenced investors and they began to pour liquidity into USDC.
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Shiba developers are already working on their own blockchain, which should bear the name Shizarium, but they do not name the exact launch date. In addition, one of the developers of Shiba Shytoshi Kusama announced the creation of the SHI stablecoin, which is scheduled to launch at the end of this year. So we see that the work on improving Shiba Inu does not stop.
It is probably the only memcoin which is working hard on the ecosystem and offers something more than just tweeting and social media hype aimed at increasing the price and trivial speculation. Maybe this will help memcoin return to its former price values, or even update ATH. Hopefully, all these developments will be brought to their logical conclusion and implemented. Dreamers who dream of seeing Shiba Inu at $1 have another reason
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How stupid the millions APY scheme
This scheme is stupid, but it works, and that's the saddest part. As long as there is a new batch of newcomers coming to the market who are looking for high interest rates, these projects will continue to proliferate and litter the crypto space. Then these same newcomers will accuse the crypto industry that everything here is a scam and fraud. There is no way to stop it, and who thinks that if you introduce regulation, everything will be different, he is wrong. Ponzi schemes in traditional finance, luring with great interest, are still flourishing and are not afraid of any regulation and criminal prosecution. Only education among newcomers and crypto investors and at least a basic knowledge of economics will help here.
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Another meme-coin shitcoin? Interesting. Utilitarianism is of little importance for memecoin if we are talking about big memecoin status. Any meme-coin becomes big and profitable only for one reason, it gets actively promoted by some famous and influential people through various social networks to give this promotion virality. Then the meme-coin very quickly attracts new users and the price rises just lightning fast. This, and only this, is the secret of meme-coin success. All this utilitarianism, swaps, and meme-coin wallets investors don't need.
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Isnt Sandbox a blue chip?
If we consider Sandbox within its category, i.e. Metaverse tokens, we can say that Sandbox is a blue chip among other metaverse tokens because it has more liquidity than competitors and is the most common among competitor tokens. But if you put Sandbox on a par with all cryptocurrencies, it hardly qualifies as a blue chip because it is not as liquid and widespread as btc, eth, usdt, etc.
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Everyone here understands that there is no such thing as a generous offer, where the discount on the bitcoin price is almost 50% of its market price. There's a reason for that. What is the point of such a discount? Most often such bitcoins can be involved in some criminal scheme or lying on the wallets of some service that won't pass any AML check. But if the bitcoins aren't exactly clean, why not use some bitcoin mixer or something? Where did such a ride of unprecedented generosity come from, no sane person would go for such an offer for sure, because the feeling that it could be some kind of fraud is too great.
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let's see from a practical point of view. holding gold is cumbersome! you can't go through customs, and you can't hide it. yes ok there are companies that offer you contracts to be able to deposit it in their caveuax but at what cost? governments could size it Let's look at this situation in terms of all the possible ways to invest in gold, not just the one most hackneyed way. Investing in physical gold is too problematic a way to invest. In addition to the inconveniences you listed, in many countries you have to pay a large tax, sometimes as much as 20%. It is extremely unprofitable, so in addition to investing in gold bullion or coins, there are shares, ETF, stocks of mining companies, OMC, futures. Such ways also have some disadvantages, but they allow you to avoid all those customs problems and what you've listed in terms of disadvantages of investing in gold. it is absolutely true. these tools are also valid for managing gold. but in this way the liquidity that such an asset can give is lost. you have a surrogate. You Need a third part for your operation even for storage big amounts. Plus (worst part), it can be taxed or seized at the source ... in short, the main problem remains which is the unique advantage that bitcoin offers.... Yes, there are certain risks of centralized storage, but so is bitcoin. But do you know many such cases when such withdrawal happened? Such cases are very rare and don't happen more often than some big crypto exchange like MT.GOX gets busted. The services that provide such services have much better regulation than crypto services. The same can be said about the difference between investors in gold and bitcoin and their derivatives. Gold investors are much more qualified.
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The crypto space does not revolve around btc alone anymore,
It depends on which way you look at it. If you look at it from the point of view of price attachment, then it rotates and will continue to rotate. Altcoins do not live a life of their own. If bitcoin falls, altcoins fall after it. NIKE is a big name in the metaverse space so am not surprised about this news.
I would say that NIKE is a big name in the world of global sports. In the world of meta-universes and cryptocurrencies, NIKE has not yet made itself known, just taking its first steps into this new world of cryptocurrencies and meta-universes.
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I had never hold and single SOL ever, but it seems that there were people claiming red flags to it. Not sure if it is true, but worth the look on Google though. I do not want to end up just seemingly promoting an article here so.....
Yes, there has been that. It was due to frequent bugs and blockchain stoppages, and there was talk about how so much time has passed and Solana is still in beta testing and not having a full release. There has also been talk of a purely speculative component to the project, because a lot of what has been promised is still unfulfilled and it is unknown when it will all happen.
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Well I haven’t gotten any one yet even if I had already don my research on two of them, this means I don’t fancy any. Although I would put Apecoin ahead of sandbox because Apecoin is more far more exciting with gaming, and others and with this I believe in may in the long run have more interest on it than sandbox would do although some may consider sandbox as exciting as well but I believe Apecoin beats it in the amount of Utilities is has.
You are comparing the game component of the projects, and say that Apecoin has more utilities, but in my opinion you simply underestimate the sandbox itself, which in addition to the game component also offers various software for creating 3d pixels, for creating various game scenarios that are placed on virtual lands, as well as marketplace solutions for trading in-game assets. Apecoin is the in-game currency for some games and represents access to DAO. So the variety of utilitarianism is a bit more at sandbox.
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let's see from a practical point of view. holding gold is cumbersome! you can't go through customs, and you can't hide it. yes ok there are companies that offer you contracts to be able to deposit it in their caveuax but at what cost? governments could size it Let's look at this situation in terms of all the possible ways to invest in gold, not just the one most hackneyed way. Investing in physical gold is too problematic a way to invest. In addition to the inconveniences you listed, in many countries you have to pay a large tax, sometimes as much as 20%. It is extremely unprofitable, so in addition to investing in gold bullion or coins, there are shares, ETF, stocks of mining companies, OMC, futures. Such ways also have some disadvantages, but they allow you to avoid all those customs problems and what you've listed in terms of disadvantages of investing in gold.
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1. I'm not sure we've reached the market bottom. Less than a year has passed since the peak of the cryptocurrency market, recoveries usually take 1.5-2 years, so the lower limits may still be ahead.
2. Just because these NFTs are worth so much doesn't mean there's a lot of money invested in them. NFTs often form a price that has simply occurred to its owner. Someone decided that their token is now very rare and popular, so they can ask 1,000 ETH for it. As you know, you can ask as much as you want, but that doesn't mean that someone will pay you that price. Pricing in this area is very subjective.
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Now the whole market has started to form positive price dynamics, so it is not surprising how many assets have recently given 20-40% profit. If bitcoin growth continues and no new economic shocks happen, this growth will continue further. As for SOL, I see some resistance at $45. If it can be broken, the price could rise to $80. This is not investment advice, just my expectations for the market.
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You can also add to your list the ability to purchase tokens through the website of a project that, moreover, was recently created. It is also worth paying attention to the blockchain when a suspected project suddenly starts growing rapidly within hours or days. If there is no demand for blockchain space, then we are witnessing a suspected scam to attract liquidity from naive investors.
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Let me bring to your knowledge now that it is fair and completely right to say Bitcoin has better investing fundamentals, potentials, profit returns and lesser risk involvement than the vast majority of altcoins loitered around now.
A piece of reminder, Bitcoin still and will always stay as the most purchased, held and traded cryptocurrency on the market. It has a market capitalization of more than about 60% of the total market cap of cryptocurrencies, if I am not updated with that percentage, it could have gone higher by now. So, there’s actually nothing to say about the altcoins market, it’s a waste of investment.
You are very wrong to say that investing in altcoins is a waste of time. In fact, investing in bitcoin and altcoins cannot be compared because there are completely different risks, completely different terms of reasonable investment and returns. Bitcoin is about minimal risk and long-term holding. But you can forget about big profits in bitcoin if you have a small deposit. If you invest in new altcoins, the situation here is much more promising, if we talk about the yield, but the risks are higher here, and the terms of investment are not so large. It is senseless to hold some altcoins for years, because they often stop growing and just stand still. From this you can conclude that altcoins are good for speculation and bitcoin is good for long term holding. My altcoin porftel has grown a lot in the last year, mostly due to new altcoins and I can't say it's a waste of time, but I don't plan to sit in them forever, and I don't need to.
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