Something crazy is going on, I was watching some price predictions of my favorite altcoins on Youtube yesterday and I was a few videos about some women that claimed that God revealed to them that a certain amount of crypto projects will bring huge amount of money to those who invest in them, are you ready for this?
Shiba inu was predicted to reach 50$ per token, this woman said God revealed this price to her, another channel which is also a lady claimed that God said Shiba inu will be the new wealth transfer for people in few years to this time.
I read some comments and I saw how many people belief in this prophecy, has anyone seen something like this before. What do you believe?
I personally don't believe any of these claims as they are not backed up by any evidence or factual data. I believe that the prices of crypto coins are based on market forces of supply and demand and can be affected by news and speculation. And I believe that we should be cautious when investing in any cryptocurrency and should thoroughly research the project before investing. It is also important to understand the risks involved with investing in any asset and to never invest more than you can afford to lose. |
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As we all know BITCOIN mining will stop once the 21 million mark is reached. According to the information we have 19 millions coins were mined and now circulating. The remaining balance is about 2 millions to be mined. Why it is not possible to mine the remaining BITCOINS before 2140 when the 19 millions mined in just over 10 years?
This is because of the block reward. Every 210,000 blocks mined, the block reward is halved. This means that the amount of bitcoins generated per block decreases over time. As the block reward decreases, the amount of bitcoins that miners can earn for their efforts is reduced, and thus the incentive for miners to continue mining is reduced. As a result, the rate at which new bitcoins are mined will slow down significantly over time until the remaining 2 million bitcoins are mined. This is why it is estimated that it will take until 2140 to mine all 21 million bitcoins. |
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How do you ensure that you are not paying too much for a transaction, Talking about transaction fees, how many sat/byte do you use for transactions? Do you increase and decrease it depending on how quickly you want the transaction to be processed or how big or small the transactions value is? Do you use a fixed amount for transactions?
The best way to ensure you are not paying too much for a transaction is to use a fee calculator that will estimate the fee you should pay for a given transaction. the amount of sat/byte used for transactions depends on how quickly you want the transaction to be processed, as well as the size and value of the transaction. I choose to use a fixed amount for transactions, while others may adjust the fee according to the size and value of the transaction. it is up to the individual to determine their own fee. |
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There are lots of cryptocurrency payment gateways. Each of them have different processing fees and transaction fees. some of them charge 1% to 5% fees on each transaction. which is a huge amount but merchants have to pay this amount. But there are payment gateways who charge the lowest amount like, one payment gateway only charges 0.23% processing fees on transaction. I find it very attractive because merchants will get more from it and it will be more beneficial for them eventually.
Yes i think that low processing fees are more beneficial for merchants. This is because it reduces the amount of money that the merchants have to pay to be able to accept payments from customers. This could save merchants a significant amount of money in the long run, as the lower transaction fees could add up over time. And also having lower processing fees may also increase the number of customers who are willing to use the merchant’s services, as they may be more likely to trust the merchant if they are offering lower processing fees |
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For a long term holder / investor, what are the risks available with staking coins and tokens that you plan to hold for a long period of time? I want to know if its safe to keep your coins in staking instead of just holding them in a wallet when your ultimate plan is to hold for long term.
The main risk associated with staking coins and tokens is inflation risk. Staking rewards can vary over time, and the amount of rewards you receive may not compensate for the inflation of the underlying asset. It is also important to consider the risk of a slashing event, which can occur when a validator is found to have violated the network's rules. if you plan to hold tokens for the long-term, you should also consider the risk of a decrease in the value of the underlying asset, which could reduce the potential rewards you receive. |
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Going to bitcoin, crypto, blockchain events benefits us in anyway ?
I am something biased at this because of internet sayings, biased in positive side that they are very benefiting and worth my time, share your experiences about going to events is good or bad ,
are you gone to any bitcoin events ? and, in which way it helped you, do you learned new things that is very difficult to learn on internet, do you met amazing people, do going to that events worth your time and money.
Yes, going to bitcoin, crypto, and blockchain events can be very beneficial. Attending these events can provide you with valuable insights into the latest trends and technologies within the industry, as well as an opportunity to network with industry professionals and other enthusiasts. It can also be a great way to get a better understanding of the projects and ideas that are driving the industry forward, and to stay up to date with the latest developments in the space. |
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I have 2 BNB, what is a good project to invest in? Something with utility, no shit coins
There are many good projects to invest in. You should do your own research and due diligence to find the project that best suits your needs. Some of the most popular projects include Ethereum,Polkadot, Cardano, Chainlink, Filecoin, Uniswap, and Bitcoin. These projects all have real-world utility and have been around for a while, so you can feel confident investing in them. |
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One possible solution to this problem is to use a third-party service that can verify the origin of a Bitcoin transaction. These services will flag any transaction that has been involved in illegal activities so that users can avoid it.
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It is commendable that Islamic banking is progressing rapidly in some countries and that people are interested in investing according to Shariah principles. However, it is important to ensure that Islamic banking institutions adhere to all of the necessary regulations and standards in order to ensure that the investments are safe and secure for all investors.
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To everyone in crypto currency, the bear market is one market where fuds and panic triumph and reign which greatly affects the prices of crypto currency tokens, and yes some projects do not recover from the bear burdens.
But do you know that the bear market is a blessing in disguise for every investors that is prepared and has been waiting for the dump ? So many tokens are going to touch lower lows, and if you are prepared, you can key into this tokens and more than double your money when the bull run is here. The dump is your friend, and is a blessing if you are always ready and prepared for it.
Make sure to look into quality tokens and projects, and ofcourse dyor
Yes, the bear market can be seen as a blessing in disguise if you have a long-term vision and understand the market cycles. It's a great opportunity to acquire tokens at a lower price and hold them until the market turns bullish again. When the market turns bullish, you could have a much higher return on your investment. However, it's important to remember that the market could take a while to turn bullish again, so it's important to make sure you have the patience and discipline to hold on to your investments for the long-term. |
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After researching many methods, failing many times, losing money many times, I finally chose PA as my main method. If you study it carefully, PA is quite simple. My next plan is to become a full-time trader.
Does anyone have the same method and goal as me?
I have'not use PA but there are many traders out there with the same method and goal as you. You can find other traders who use PA as their main method by joining trading forums, searching for trading groups on social media, or even asking for advice on trading related subreddits. It's also a good idea to build a network of fellow traders to exchange ideas and discuss strategies. |
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Cryptocurrency does not need to necessarily cut ties with banks in order to function, however it is possible to buy Bitcoin without the help of banks. There are a number of different ways to purchase Bitcoin without the help of Banks, such as peer to peer exchanges, crypto ATMs, and over-the-counter trading.
Peer-to-peer exchanges, such as LocalBitcoins, allow users to buy and sell Bitcoin directly with one another. This eliminates the need for a bank or third-party to facilitate the transaction.
Crypto ATMs are physical machines that allow users to buy Bitcoin with cash and without the need for a bank.
Over-the-counter trading allows users to buy Bitcoin directly from a broker or dealer. This eliminates the need for a bank or third-party to facilitate the transaction.
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how would the wideespread adoption of Bitcoin as a primary means of payment and store of value affect the global economy, including the stability of traditional financial institutions,
the role of governments in monetary policies, and distribution of wealth and power among different groups in society?
The widespread adoption of Bitcoin as a primary means of payment and store of value would have a profound impact on the global economy. It would create instability in traditional financial institutions as it would erode their monopoly on currency and payments. Governments would be forced to reconsider their monetary policies, as their ability to control the money supply and manipulate exchange rates would be drastically reduced. Furthermore, the distribution of wealth and power among different groups in society could be drastically altered, as Bitcoin’s decentralized nature would make it more difficult to regulate and control. With the increased volatility of Bitcoin, it could be possible for some groups to gain a disproportionate advantage over others, depending on their access to technology, resources, and knowledge. |
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Whether or not investing in BTC against 2024 will be a wise decision will depend on a variety of factors. It is important to keep in mind that the cryptocurrency market is highly volatile and it is impossible to predict the future. It would be wise to do your own research and make an informed decision based on your own financial goals and risk tolerance. It is also important to remember that investing in cryptocurrency is highly speculative and you should never invest more than you can afford to lose.
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I close a trade at 10 pips against me and I have $1000 on my wallets but when I switch to history of transactions I discovered my $1000 is gone. Could be that 10 pips against me would have taken the whole wallets balance? Even I normally close 10 pips in my favour it will not be up to $1000 why losing always take higher capital? Let me here from you
It is not possible for a 10 pip move against you to take your entire wallet balance of $1000. If you are losing money on a trade, it is likely because you were using leverage, which multiplies the size of your trade and the potential losses associated with it. It is important to ensure you understand the risks associated with leverage before trading.kindly tell us how much leverage you used in that trade |
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Mining is an extremely productive part of the business. Mining of cryptocurrency is the process of confirming transactions before they are placed on blockchain. China is the world’s largest producer of bitcoin mining. There are 6 major mining farms in china presently that produce 60 % of bitcoin supply all around the world!
What is your point of you on this?
I think it is great that China is the world’s largest producer of Bitcoin mining. This shows how powerful and influential China is in the cryptocurrency industry. With the amount of Bitcoin produced in China, it is clear that the country is a major player in the cryptocurrency market and is likely to remain so in the future. |
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I have been seeing the progress of cryptocurrency these past few years, and I've been thinking, will it definitely be a replacement for physical money and use crypto as a primary transactions in our everyday life?
It is difficult to say definitively whether cryptocurrency will replace physical money and become the primary form of payment in everyday life. Cryptocurrency has seen tremendous growth in recent years, but it still faces a number of technological, regulatory, and legal hurdles that could prevent it from becoming a mainstream payment method there are still millions of people around the world who are unfamiliar with the technology behind cryptocurrencies, and who may not be willing to adopt it as a form of payment. Until these issues are addressed, it is unlikely that cryptocurrency will replace traditional forms of payment anytime soon |
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I'm not aware of any other decentralized protocol that offers this type of feature. Injective Protocol does offer a variety of decentralized finance (DeFi) services, such as asset trading, derivatives, and synthetic asset creation, but I don't believe that it offers the ability to track the price action of stocks. You may want to look into decentralized exchanges, such as Uniswap, 0x, and 1inch, as they may offer some limited support for tracking the price action of stocks
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The best way to accept crypto payments in an online business is to use a payment processor. Payment processors offer easy to use and secure payment solutions that make it easier to accept crypto payments. These payment processors usually provide a dashboard that allows you to manage your transactions and view your transaction history. They also provide a secure wallet address for customers to send payments to. Some payment processors also offer additional features such as fiat currency conversion and automatic transfers, making it even easier to manage your payments.
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