Certainly some whales are pushing the news of that $5Billion recovery of ftx as a factor for a market uproar but honestly we knew that amount is not enough to recover its position just like that. There are plenty of funds need to acquire to bring back everything and Sam knew it would be not that easy. Retailers are just simply trying to ride this pump as could be a good profits for them and the whales are simply just trying to make a volatility out of this.
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Cryptocurrency just like every contemporary innovation is vast and encompassing. This practically poses a challenge for begjnners. Furthermore, choosing which aspect of crypto to venture into - trading, mining, investing in ICO and others - is a herculean task considering the various degrees of risks associated with each of them.
What is your recommendation for a beginner?
For beginner with money maybe trading is a good choice. Also mining is best if his conservative of losses on trades. The only thing is it has some equipment needed and some factor to consider like bills on electricity and prices of those equipment, and the rate on which the mining can be profitable. You can compute that if you are already running a rig. Also ICO investment is good but its not easy to access it unless you have connection to join some seed sale or private sales.
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Solana is once again a top ten coin, I am starting to feel like I will regret not buying solana and hold for a long time because if this project survive it will bring the highest ROI in the list of top coins on coinmarketcap, the present value is even looking good, what is your take on Solana? Are you a believer or you think it won't do well for long.
Of course everyone would be entice with its current price since sol skyrocketed a lot during the time of bull run and having this price now will be so good for new players and even traders. The market is so volatile that we dont know if we can see those ATH and surpass it once again but its definitely a good one to think of. I dont have any sol as I like other L1 than sol but my take is that it will be great again if the developer focuses on the network upgrade and not just on hype.
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yes sir, that is the problem of airdrop campaigns nowdays. for last few months i have completed almost more than 1500 airdrops and i got nothing there.
1500 is a lot and knowing these are all nothing is really dissapointing. Maybe try to join some with really those are high value projects only. Cause doing airdrop now with easy task is not gonna give you money, unlike before that even filling up a form for an airdrop can give you $500 or more in value.
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I think btc halving will have a big effect on market positively however we are far away from it yet. Surely people will love to accumulate funds now and continue to do dca. We cant be positive yet with all the heavy fud coming to centralized market and until this issue died out we cant move forward without huge doubt from other retailers and even institutions. But I believe it will be just temporary and will go back to the trendy hype like last bull run.
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As we will most likely continue to see bear market for this year, what are you stacking up on and why? I would love to know so I can see what people are interested and there reasoning for it. . Im stacking up on bitcoin and some few altcoins such as avalanche, fantom and this new evm evmos. I love staking and farming and I am keep staking on those projects. On fantom there are good farming projects like spiritswap with tons of pairing and even rewards for voting. Evmos has a good daily rewards and avalanche a normal L1 with a lot of improvements such as subnets. There are other choices but it will depend on what you like.
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Ive been into airdrops before and bounty campaign. I could say is before only few are joining the airdrops unlike now that dozens of people are lining up to join it which reduces the reward significantly. Also the value of airdrop before somehow considerable and huge but now its different too. Maybe not enough for a gas usage when you try to sell.
Also some projects are linked with scammers and only trying to use participants as a tool for marketing to execute a huge scheme.
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Hello all,
I would like to know if some of you are making P2P trading ? and if yes if you know some banks to do the P2P trading. IT appears that most of them would block you after you receive too much monney transfer from unknown person on your bank account. thank you all
Not all are scammers. Where is your place mate? If you arent have much close person to deal off then use some third party trusted p2p site like Binance id they did supported your country. They offer as mediator or escrow for the transaction and make sure youll get your money or else theyll hold the seller tokens as collateral if they plan to scam someone.
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Not different with a non blue chip nft except that its branded as secure or legit. However, regardless whether its good, the nft market is highly saturated now and you can see a lot of projects go down. Maybe before its really profitable, and even use case sometimes its not that worth at all to hold and only those rich are shilling those expensive jpeg nft for a price raise.
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I have currently 800$ worth BNB. These are got from NFT that I sold back months ago that I got from airdrop. So what i need to know should I convert it to stable coin or should I invest it for bitcoin? Because my friends say that BNB don't have a future anymore. So I'm fully worry about this.
Its good taking consideration to buy bitcoin and its not a bad decision considering its the number 1 cryptocurrency and only decentralized project 100%. Also it did come from an airdrop which isnt that hurt much if you get loss. Also its impossible for btc to stay this low in the long run. That opinion by your friend is just a suggestion. He maybe right but for me bnb isnt bad at all especially with the use case and benefits on their platform.
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Despite that I'm new and i haven't earn merit, but i believe with research and time i will earn merit, i will be happiest person the day i will earn a merit.
Yes you are right. In time youll earn your first merit but with lots of research first. Maybe avoid talking about it for the meantime and talk other topic related to bitcoin or crypto. Some newbies are focusing on that thats why some got an idea that you are after merits, so I suggest you leave this for a while and research on other things. Good luck on your journey.
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The best reasoning I ever read for 2023. To please your wife, I think its only you who could do that. Just explain that you are focusing on learning here but thats not an excuse to be so busy. Hanging around here doesnt mean you are 24/7 on your laptop/phone reading all threads. Should I quit chatting regularly online to please my wife or to ignore her and the peace of my home to continue gaining knowledge here?? Things are getting serious and soon getting out of hand
Kinda feels your torn between a gold and an apple. You should really do some time management, and this is not even a choice to ask for.
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~snipped
Thanks for the tips. I think for simple desktop users these virus is really not good and can really deceived them. Not all are proficient to execute those of you suggested to avoid this kind of malicious files. So the safest way is always check what you download online cause with a simple site, it could ruin your asset once he able to set up those click baits.
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2022 was the perfect year to illustrate this point, so it is not really that surprising XRP has been losing ground against other centralized coins over the last years.
Last year was terrible year with a lot of bad publicity and fraud exposures plus there is a recession ongoing. It hurts but those who lack convictions gotten in the way. I didnt actually thought the ftt incident as Sam is one of the biggest crypto user to be found to be like this. I do hope xrp can still be change, a lot to process but since they given another sweer escape on lawsuit maybe hope for the better but dont expect.
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but it is strange that the wallets allow screen recording while writing passwords in the wallets.
For seeds, the situation is easier.
Even more scarier if this is true. Yes and thats really dangerous for any users. Imagine if this kind of virus pass on millions of platforms that are popular and some users might not be able to figured out this sooner. Lots of money will be compromise.
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Theres no problem witg xrp in terms of utility in fact its much faster than bitcoin and less fees. However they are fully centralized. If you dont want to get caught on a massacre once they did it then better avoid it right? Anything centralized could turn away anytime and thats a fact. Take a look on what happened on other projects like FTT, this is a big fish but yet got died in the process. We never knew when these things would occur and it will be anytime and we sont have a clue for it.
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I think that is too much praise. Its not that we dont believe in bitcoin but being overconfident to something that has volatile is still need precautions. Yes bitcoin is decentralized so being low or high is on its nature. We cant boosted it on some normies out there that its super legit. Why not explain how bitcoin works and let them do the grasping and let them decide whether its worth the penny or not.
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Mobile altcoin wallets are not safe, because there are viruses and malware targeting mobile phones. The best way would be use desktop wallet versions. Also antivirus soft are mainly developed for desktop.
The best one are always open source. Even its mobile or desktop as long as there are no closed source or centralized aspect its safe. There are many wallets proclaiming to be decentralized but of course we must not be deceived by those. Regarding malicious files. Im not sure if desktop are more safer than mobile though a lot of viruses have been found on desktop versions.
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What are some of the most efficient ways to invest my bitcoin earnings to yield profit and is the strategy of investing due for long term or short term period?
Find a farming or staking coins that has a huge apy and has certain moderate to high market cap. Yes it might be risky but there are some with good profits with it especially the price are stable or not going down fast. Or yet do some trading buy low sell high, in that you could do some profiting with your bitcoin earning. But you must understand the risk. Or put up some investment on mutual funds or any low risk business venture. Its always high risk high reward. Without that then you could only gain nothing much.
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So, what do you prefer, to sell your coins instantly for less or to open an order and profit a slight better margin, reaching the general market's prices rates?
For me it depends. If I need the money right away then I just sell it on the market offers. Its not like a huge difference when bid on a sell offer. But If Im not on a rush then I just hold a good position on my liking and wait for it. Thats what I do when I am doing trading but not all the time since nowadays its quite bearish so its hard to do a short term trading.
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