...I am pretty much sure 95% of users of these exchanges don't know what is written on their user agreement page. ..
This is not surprising, since most people decide to read the user agreement only when they have already had a problem on the exchange. Obviously, they believe that since others are trading on this exchange, it means that there are normal conditions for a trader and, accordingly, they can also join this exchange. |
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...What will you do? Since non of them are aware...
It would be great to pass on your knowledge about bitcoin to your children while you can still do it. And along with the knowledge, transfer to each of them the seed phrase from the wallet to which you transferred the bitcoins owed to them. Let your children know that you take care of them while you are alive, not after your death. |
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...there's some positive news that's been released about SVB, Silvergate, etc. and that might be the reason for the market's up today.
After the Federal Reserve Board announced that "make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors" - https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312a.htm, the cryptocurrency market began to move up. So we can assume that the value of USDC will be restored already on Monday. |
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The CEO Circle Jeremy Allaire tried to explain in detail on his Twitter what happened to USDC and and Silicon Valley Bank - https://twitter.com/jerallaire/status/1634649346535833601?s=20 And it looks like he managed to reassure investors, as the price increased to $0.978 Obviously, someone has made a very good profit on this Fud today. Although his words seem logical, and I believe that they will return to the price of one dollar soon, but why did the price drop so sharply in such a short period? This means that the liquidation of 600 million dollars will cause a price loss of 0.98, or at least 0.95, and therefore is FUD the reason for withdrawing the rest? Or is the exposure greater than that amount? In general, we hope that tomorrow this story will end A little math: Circle has $3.3 billion blocked in SVB from Circulating Supply of $40.7 billion. Thus, 8.1% of Total Supply is blocked, which corresponds to the price of 0.919 USDC for 1 dollar. It is this price that is currently equitable, reflecting the ratio of reserves and Total Supply USDC. |
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The CEO Circle Jeremy Allaire tried to explain in detail on his Twitter what happened to USDC and and Silicon Valley Bank - https://twitter.com/jerallaire/status/1634649346535833601?s=20 And it looks like he managed to reassure investors, as the price increased to $0.978 Obviously, someone has made a very good profit on this Fud today. |
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The problem is that most of the bounty managers end up getting paid in stablecoins, which is a proof that even the manager doesn't believe in the project, and why would they? They do not have to work that much for something that may not even have any value in the end and I get it. But, expecting bounty hunters to work for something that you created on your living room while having some fun, while the team and bounty managers all expecting to get paid in stablecoins, is not really a good idea at all.
Investors would have to pay with coins that actually have real value to get the token, so that the team gets stablecoins or something, and bounty managers too, while hunters will get paid in useless and worthless tokens.
The bounty manager will receive a salary in stablecoins only if he proves to the team that he is the most the best. I don't think this rule has changed now, but before, when I was engaged in bounty, it was exactly like this, and all managers received payment in tokens, with the exception of some. |
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For the fact that most CBDCs have fallen short to meet the minimum success level with most of them not being built on the blockchain but just a digital form of their traditional currency they will certainly face the same problems as the fiat currency which are bad networks, and delayed transactions...
CBDC is not a stablecoin, so it is not necessary to use blockchain to create them. It should be understood that CBDC is one of the forms of money and is in circulation on a par with non-cash and cash money. Accordingly, all the disadvantages of fiat will be automatically transferred to CBDC, including inflation. |
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It should be taken into account the fact that approximately 15% of the population lives in conditions of "multidimensional poverty". And this mostly depends on the economic development of a particular country, in which this indicator reaches 95%. In such circumstances, all the tips for reducing their expenses cannot even be considered, since there is not enough money for the most necessary.
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Don’t buy Bitcoin when FUD is over because it’s very hard to timing when will it happened or else you will be buying at high price...
If you are a long-term investor, then you do not even need to try to make a purchase when the price reaches the bottom. What difference does it make if you bought BTC for 15 thousand or 20 thousand if you intend to sell it for 100 thousand dollars. Buy some BTC now and then repeat the purchase if the price continues to decline. |
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According to the Whitepaper, FireDAO is a social DAO based on Soulbound accounts and DID system. ..
And where did you read the Whitepaper if it is not publicly available and is also missing from the site? Instead of telling us about the project in your own words, you would leave a link so that we could read about it ourselves and conclude what FireDAO is. |
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I also noticed that a lot of these projects make a mistake by paying bounty hunters with their own special tokens instead of more established coins like Bitcoin or stablecoins...
It is the cherished dream of bounty hunters that their reward is paid in a stablecoin or bitcoins. Since everyone already knows from their own experience that most of the coins of the project turn into shit immediately after the end of the bounty program. But the project team is also aware of such risks, and therefore pays with tokens in order not to incur additional costs. |
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...In the next days the stablecoin USDT is unpegging from the US-dollar and is collapsing...
This would be the biggest dump that would be on the cryptocurrency market. It is possible that someone will earn on such a fall by opening a short position, but most traders will lose their money. To save your deposit, you will need to withdraw your money to fiat or buy bitcoin. |
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...Going forward in the best interest of investors and the project itself, hope to see "more" bounties being paid with established coins in this industry.
You yourself understand that it is easier for the team to pay you with their tokens, which ultimately cost them free. If the same team uses a well-known coin for settlements with bounty hunters, then this will be additional expenses, which are already enough at the initial stage. |
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...So what your opinion please I need help? because I think is too risky for them to go in to trade for now.
Are you sure that your child dreams of trading cryptocurrency, or maybe he has his cherished dream of becoming a doctor or teacher. And if he spends enough time studying now, instead of learning the basics of trading, then he will have a great chance to get a good education. |
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If adoption comes around, will their be higher consumer congenial systems for old people to utilize crypto? What are your phrenic conceptions?..
You obviously think that older people are stupid and will not be able to figure out what bitcoin is. You will also become elderly sometime, but this does not mean at all that you will become dumber than you are now. So do not underestimate the mental abilities of the elderly. |
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how do crypto exchanges list new tokens, what terms and condition or what type of document are needed to list a token ...
Currently, there are no problems with listing, since in addition to CEX, DEX has already appeared on the market and now you can independently proceed with listing at any time, providing liquidity to your tokens. As for centralized exchanges, free listing is only possible on shitty or new exchanges. |
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What kind of project promotion can we talk about if on every page of your website we see "This module is under development!"? It is the project's website that should help the investor understand the prospects for development and, accordingly, make a decision on the expediency of investing in it.
Most modules are being under development and we try our best to make them launch as soon as possible. Speaking of the white paper, it is done and more detailed information and/or topics will be posted in threads soon. Your site was registered in October last year and you still haven't found the time to publish your team on the site, as well as Roadmap and Whitepaper. If the Whitepaper is already ready, then why is it not published on the site? Does it take that long? Until the site is functioning, we can assume that you are trying to promote a dummy here. |
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...I will always used USDT or BUSD when the need arises.
You are obviously not familiar with the problems that BUSD had after the SEC approached Paxos about stopping the issue of this coin. Whether BUSD will be traded on exchanges in the future is not yet known for sure, but it is already known for sure that Paxos, which is the issuer of this stablecoin, has already stopped issuing BUSD and started burning. |
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...Your comment is helpful and we'll try to offer more incentives.
What kind of project promotion can we talk about if on every page of your website we see "This module is under development!"? It is the project's website that should help the investor understand the prospects for development and, accordingly, make a decision on the expediency of investing in it.  |
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...I hope that my question is clear, and I'd appreciate it, if you could help me better understand the reasons behind the decreasing of the token's price in that situation.
As a rule, the listing of coins on CEX is preceded by a round of pre-sale and it is at this stage that the team receives investors' money for the development of the project. The price of the coin at this stage can be ten times lower than the listing price on CEX. And accordingly, early investors usually fix part of the profit by selling coins purchased at an early stage of sale in order to return their investment in the project. In addition, the team also has coins that they receive for free and, accordingly, can also sell on the listing. |
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