After the bigcrash in March, much of my portfolio is still USDT, and I only trade a small portion of it with BTC. Perhaps that is why I have missed the DeFi wave recently. But the current market is very unclear and it is difficult to make investment decisions.
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Well I do not see a compelling reason for asking bounty hunters to be KYC, they are not the investors in the project so it is completely pointless to KYC (whose purpose is mainly to prevent money laundering). . And there are hundreds of ways to get a fake profile for KYC. So always consider before participating in such projects.
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dont be scared as $2k is still far from the horizon of eth. right now, you can just opt to other alts to trade with. dont revolve your crypto trading on eth tokens or defi tokens as you may be missing other profitable alts. if you cant afford their high gas fees, then go for other valuable alts. dont limit yourself to these tokens just because everyone is crazy about it.
But the fact that currently all of traffic and money are going to Defi, peoples are so crazy and greedy, they just focus on hottest projects, and the most profit projects are tokens from Ethereum blockchain and we don't have option.
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Please there's something I really want to understand about this crypto industry because at times as a newbie in this cryptocurrency industry you might get this wrong by making more mistakes in crypto. Does crypto name really matter before it become successful?
It depend on the market trend of that time. For this time, you can see DeFi projects are so hype, and most new projects will put the word Defi in the project name, or name it after hot projects, such as "Y "familiy in this time.
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Yes, samething happen with me. I deal with it by focusing in just few projects, follow their roadmap and events to decide when to in and out. And also, find and choose 1 to 2 groups or chanel to discuss and get new informations, overload is the main reason of losses in this market.
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Does anyone feel Farming is another scheme of Ponzi? I don't know where they get the profits to pay farmers, and the only way to farming is to buy and keep 1 coin, then get paid another coin to sell for money, it will die when it doesn't attract more. new entrants.
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Seem like you have provide liquidity for Uniswap early, I had a chance to contribute to a pool on Uniswap back in January, but since it requires quite a bit of ETH I passed that opportunity. Maybe luck will come to me another time.
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I lost around 0.12ETH yesterday (nearly 50$) for just 2 transactions, and 10 minutes to receive that Tx. What a ridiculous fee. If they can't change, soon they will lost the users to new platform with cheap fee and fast transaction like Serum recently.
wow this is certainly bad news if it comes to a transaction of that size, because I see it seems that every large transaction will be quite large. but a few ago I have tried it looks like there has been an improvement even though it is not optimal. I tried a transaction fee of 16ETH which was charged for a fast $ 3.66 and much compared to yours. sad to see this reality ... but if your incident with such a value is very fantastic and this is strange. If you don't know, token transaction fee is much expensive compare to ETH transaction fee. You need to set gwei at >500 and 100000 gas to send a token, and also, $3.6 like you for a single tx still too much when you use another platform like Serum or Tronx.
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It's real, for user to install Tron link pro app on Appstore/CHPlay. Many peoples compare it with UNI airdrop, but I think it's really small. Only 1 million TRX equal with around 30k $, maybe you will receive less than 1$.
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I lost around 0.12ETH yesterday (nearly 50$) for just 2 transactions, and 10 minutes to receive that Tx. What a ridiculous fee. If they can't change, soon they will lost the users to new platform with cheap fee and fast transaction like Serum recently.
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In my opinion Tron is not a good investment option available in the market, both for long and short. It has got a huge supply, which will always prevent the Fiat value to rise by a considerable amount. The last time it reached its all time high was when Bitcoin reached 17k. The only things that is interesting about tron are the dApps.
There are far better investment opportunities available in the market than Tron.
Exactly what I thinking. The coins have huge supply and capitalization like TRX and XRP, I think it is difficult to create a strong momentum like it was in the past, so it is not a smart investment plan. Choosing new coins with medium market cap will bring higher profits.
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I think over 500$ is the reasonable price for ETH in this year. To reach a price above $ 1,000 as early as 2018 is very difficult now that there is no trend to increase the price of ETH like ICOs at that time. DeFi is just a recent emerging trend, but I feel like it has not attracted new inflow to enter the market yet.
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Only trade on derivatives when you have enough experience and trading ability. I have been involved and I can say that it is not for new people, especially those who do not have the ability to manage capital and mentality have not been trained.
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Well the market capitalization is around $ 1 million, and the project is in a niche where few projects are currently involved (when everyone is chasing DeFi). Seems like a project worth paying attention to, I'll take a look at it.
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You can reference this list: https://coinmarketcap.com/defi/I think the best way here is choose a small cap project (around 3m USD is suitable with me), make your analyst and make your investment decision. But I'm not sure how long this trend will last, but it's worth the investment.
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The transaction fee of Ethereum blockchain is very high and the speed is quite slow, the fee for each transaction is about $ 0.5 or more. When I adjusted it lower, my trading was stuck for days. Perhaps it is because of the very hot DeFi trend that has pushed the number of transactions on the ETH network.
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Well we see the result, a 1500$ dump candle of BTC in few second and more than 1 billion USD wiped out in only BTC & ETH long positon (If you include other altcoins, it's even higher). My long positon was liquided too. We can't say any thing about this market.
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We have seen BTC rise from $ 9k to $ 11k in just over a day when this news came out. The market is becoming more positive, is that a sign of an upcoming bull run? But if BTC is considered a currency, its users will be subject to tax and income management, it's not good for us.
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