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961  Alternate cryptocurrencies / Altcoin Discussion / Re: Could SocialFi be the new trend in crypto? on: September 21, 2023, 04:58:03 AM
Do you think SocialFi can be the new trend in crypto? What are the centralized or decentralized projects that will succeed?

My opinion is that the technology is still in its infancy and is not sufficiently tested to be reliable and scalable.

https://coin-score.ai/articles/could-socialfi-be-the-new-trend-in-crypto/
Never heard of it. Are you trying to promote them or your article, or are you looking for honest reviews because this is not a project that is highlighted for free? Merging social media with decentralized finance (DeFi) is a bad idea because social media requires some kind of conditions of use and the ability to delete data, which are things that are not available in the blockchain. It also requires hundreds of terabytes every week, and blocks are mined in megabytes.

the idea was not explained well enough, and suddenly they moved on because they wanted to create NFTs. It is a project to collect vocabulary that is repeated frequently, and it is not a project that has a future.
962  Economy / Trading Discussion / Re: How to do a better Macro, micro Economic Research on: September 21, 2023, 04:03:02 AM
Can you really get profitable results analysing market and trading it? That may not be easy to do. To use the micro and macro economic indices may confuse you more. I think you will get more volatility in cryptocurrency if a major news happen in the market.
Everyone who trades now aims to make a profit, whether it is a quick profit or a temporary profit, but the strategy differs according to the level of risk, the assets, the nature of the investment and the ultimate goal. Whoever wants to diversify his investment portfolio differs from whoever wants to take risks in high-risk investments such as the derivatives market.
The exposure of cryptocurrencies to macroeconomic indicators is not clear, and Bitcoin is almost the only one affected by this, given that it has uses outside of trading within platforms, but since the price of cryptocurrencies is linked to Bitcoin, it appears as if it is affected by the macroeconomics.

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example the XRP court case caused some hype in the market last few months ago, the news on whales dumping their coins may also get investors reaction but to research on micro and macro economic indices may confuse you.

The court ruling on XRP has nothing to do with affecting the price. the court ruling restored the possibility of trading in it again, and thus speculators bet on an increase in the price, since everyone knows XRP and there is a possibility of increasing demand for it, and the court has no influence on the price here.
963  Alternate cryptocurrencies / Altcoin Discussion / Re: Balancer frontend is being attacked on: September 21, 2023, 03:52:00 AM
This is an issue that the service should think about. Digital security. Currently, many similar services have been hacked. The cryptocurrency network is decentralized, which means that if digital security related to user data or transaction security can still be hacked, then people's trust in the service will decrease drastically. I haven't used the Balancer defi protocol since I've been using uniswap but I think this should be a serious concern for any DeFi protocol developer.
The hack here was not for the smart contract, but rather for the service URL, where the front-end was hacked. when you click on the link, you do not reach the real site, but rather directly to the scammer’s URL, who may ask you for your data, link your wallet, or even seeds.

Decentralized smart contracts cannot be hacked, but the bridges can be manipulated so that all deposits are withdrawn to the scammer’s address, and then some assets are recovered by freezing or tracking them.

@cryptoaddictchie. On Lazarus of North Korea, I am quite certain anything can be blamed on them by the DOJ or another department to force another executive order very much similar to how the DOJ implied that North Korean hackers were using Tornado Cash to launder their tokens.

I would not be shocked if the official news reported the involvement of Lazarus, however, I would also not be shocked if it was not true hehehe.

If Lazarus of North Korea can did this, then they most likely have the capabilities to hack large companies, but I think that mentioning their name in the reports is due to their management of several mixers. These mixers hide the trace of these hackers and some money laundering services.
964  Alternate cryptocurrencies / Altcoin Discussion / Re: Balancer frontend is being attacked on: September 20, 2023, 09:13:40 AM
I see they posted a $2 million bounty for discovering bugs but I doubt they would pay hackers to discover these bugs, and oddly enough there is no way to ensure that you are interacting correctly with the service's smart contracts.
These services need to seriously consider their investment in customer security more than interface development and marketing, which seems to be their focus. I saw that there is an amount of $238,000. Is this service popular for daily trading of these amounts? Where is the platform team for not tracking such vulnerabilities.
965  Economy / Trading Discussion / Re: To Deal with Resistance and Support on: September 20, 2023, 09:04:47 AM
LESSON 1: Resistance or Support Level may not hold due to the fact that the market is influence by other factors which revolves around economics, politics, natural disasters, wars, interest etc. So use resistance and support alongside other technical and fundamental tools.

resistance or support level may persist due to the psychological impact of prices. Traders influence the price, most of them try to take profits near the resistance level, where the bet is on a decline in the price and vice versa, and since the market sentiment is the same and there is not enough volume, the market will follow the same pattern.
We cannot ignore psychological factors when put resistance levels, in addition to the effect of averages.

LESSON 2: The best time frame to draw Resistance or Support Level is the time frame that is suitable to your trading pattern or style. Read the simple guide below;
It is a confirmatory measure alongside other measures and not a single measure, so setting the time frame is determined within your trading strategy.
966  Alternate cryptocurrencies / Altcoin Discussion / Re: May I ask, how can I securely store USDT, USDC, DAI? on: September 20, 2023, 08:46:17 AM
If you can buy a hardware wallet, do it. Trezor is a good option if you can afford its price.
There is no perfect open source wallet that offers you all of these options, but there is a combination of them.
The NEW wallet provides you with the ability to store USDT DAI USDC on the Ethereum and Matic blockchains.
USDT TRC20 can be stored in tron-wallet but I prefer USDT over Matic


Links:

https://github.com/topics/tron-wallet
https://www.myetherwallet.com/


I ask GhatGPT, and the reply is:
        However, despite the core code of Trezor being open-source, the hardware itself may contain proprietary components or chips that are not fully open. The functionality and code of these proprietary components may not be subject to public scrutiny. This means that even though the core code of Trezor is open-source, it is very difficult to completely ascertain the absence of backdoors on the hardware.


Do not take financial advice or it may lead you to lose your money from GhatGPT.
967  Economy / Trading Discussion / Re: How to do a better Macro, micro Economic Research on: September 20, 2023, 08:31:06 AM
Focus on Bitcoin because it has a significant market value and moves away from the influence of altcoin, which, on the contrary, are greatly affected by the price of Bitcoin and their price changes according to the change in the price of Bitcoin.
In Bitcoin, you need to study the basics of technical analysis, reading price charts, and how economic decisions affect the price of Bitcoin, as raising interest rates relates to curbing the rise in the price of Bitcoin, and the relationship between them and inflation. If your foundation in economics is good, studying these things does not require a lot of time. Start now and you will complete them before The end of the year, and if you have knowledge of these basics, all you have to do is try to develop a strategy through which you know the price effect.
968  Economy / Trading Discussion / Re: [AI analysis] BTC Price Stats on: September 20, 2023, 08:11:39 AM
The momentum may have moved but we still have difficulty knowing whether it is just temporary momentum or sustainable momentum to break through the next barrier. Maybe we must be careful for today and tomorrow because we are now at the weekend where there is usually a correction.

Right now, the price looks somewhat stable so there is a possibility that it will decline again but let's hope that doesn't happen. But it could be a downturn if negative news is released that forces Bitcoin prices to decline again.

If you look at the movement of the line, it looks like there will be a decline but the extent of the decline is still difficult to know. Breaking through the price of $30k still seems difficult to achieve because, at least, Bitcoin must stay above $27k for a while. And the important thing is that we are ready for what happens next.
Exceeding the price of $30k is not the problem because we had approached prices of $31k several weeks ago, but the movement towards $30k has become more difficult. Note that we have become difficult to move between 26k and 27k This slow decline will not lead to breaking the $28.5k barrier, let alone $32k. One thousand dollars, so the price will soon lose momentum and decline to $25k.
The continuation of the price above $25K is an indication that even people who have been holding Bitcoin for a long time are still making a profit.


Image source
969  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Want to covert 7$ worth of BTC into XMR on: September 20, 2023, 07:13:14 AM
I have 7$ worth of btc in electrum and i need to get XMR for that. What is the cheapest way to do and best site for this ?

If you have not made the transaction or for anyone who sees this post in the future, you will find a list of all the links here https://www.bestchange.com/bitcoin-to-monero.html where you can search for comments regarding the platforms, and choose the best one according to price, trust, or available balance.
What is excellent about this list is that it is renewed and monitored every period, so it is better than personal reviews that may vary after several months.
970  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: How Tokenization Can Revolutionize the Global Economy 💸 on: September 20, 2023, 06:45:12 AM
You was very biased in presenting the importance of tokenization without showing cons. If you want an unbiased evaluation, mention pros and cons.
cons of tokenization:

  • Possibility of hacking: It is true that after token is transferred to the blockchain, it becomes difficult to hack it, but the tokenization process requires a bridge, and these bridges can easily be hacked and money stolen from them.

    tokenization of assets:
  • It is difficult to tokenize physical assets and it is not possible to guarantee that this commodity is original to be relied upon, so tokenization is for digital assets.
  • Need for legislation: Without legislative systems, more tokens may be printed than the originals, which may cause panic selling of tokens.
  • Converting tokens into cryptocurrencies: You need sufficient liquidity for exchange, which is not often available.
971  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Exploring the Future of Finance with Wrapped Assets in DeFi on: September 20, 2023, 06:33:08 AM
Tho in some cases that wrapped token can be helpful but yeah most people still don't believe it including me as well if the wrapped version of the token is not transparent or they using some algorithm-wrapped version like UST that fails Luna

I believe that this industry is based on belief in the asset and provides liquidity more than it is a guarantee because there is 1:1 for every Wrapped Assets, or I can say that if the market is in a state of liquidity and everyone wants to buy and sell, then these assets will be safe, and if the market turns to the red color or panic begins, then you should Sell them immediately, as in the absence of liquidity, it will be easy to notice that there are more Wrapped Assets than deposited Bitcoin or Ethereum, and the bridge owners will not be able to fulfill the obligations.

This is a solution for those who have no choice but to use it, but in any case, stay away from it when the market is red.
972  Bitcoin / Bitcoin Discussion / Re: Some Countries living behind their century, taking a back sit on BTC evolution. on: September 16, 2023, 04:00:37 AM
Bangladesh, Domican Republic,  Bolivia, Nepal, Ghana,  Algeria and a host of other nations seems not to understand the times and seasons as regards world changing currency BTC, despite being accepted in most part of the world.
I read somewhere here about Bangladesh and Algeria, both of them ban Bitcoin, but it does not seem that anyone has been imprisoned because of Bitcoin, and we can say that this ban is closer because taxes are zero and you do not need to report them to the authorities, and here I do not encourage doing any illegal work, but I say: Do not spend coins until they are legal.

Countries around the world will adopt Bitcoin after it succeeds, which means we have to wait a little.
973  Bitcoin / Bitcoin Discussion / Re: If only property I have is bitcoin on: September 16, 2023, 03:36:02 AM
You can write it in a will and tell them not to open it until after your death, thus ensuring that they are the ones who will receive it after your death. I do not know whether you have laws for distributing inheritance in your country, but in my country, if you leave a will with a distribution to a specific person, it will go to him. Otherwise, the laws will govern how this money is spent. Don't think too much about death because I think it comes suddenly when our position is that you will not die. Be patient and try to enjoy the money you have collected.
974  Economy / Service Discussion / Re: Bitcoin mixer Pre-Development discussion on: September 16, 2023, 03:20:48 AM
You will face a liquidity problem, as you must be good at estimating the expected liquidity or have a lot of bitcoin that were mixed some time ago and not rely on deposits alone.

How will I withdraw his coins? Will you give me a private key, or give the option to withdraw to more than one address?

No one can estimate the appropriate fees until you have worked for several months. Make it free first and bear these losses. After several months, calculate the average operating costs + advertising campaigns + network fees, from them you will decide the appropriate fees and whether you will continue or not.
975  Economy / Trading Discussion / Re: [AI analysis] BTC Price Stats on: September 16, 2023, 03:09:57 AM
That is just a candle sticks actually and not a real analysis.
You can’t still depend on that Ai generated trading analysis, it is not complete and too risky to follow. I agree that its better to analyze on your own since AI still can’t have a more comprehensive analysis when it comes to trading. Well, many might still try this especially those who are thought to make easy money in trading.
Even the recommendations he made are not accurate. He did the opposite, as if the price reached 27777, it would most likely break the resistance, which means the possibility of testing 30,000 and vice versa. The price momentum has begun to move, but I do not know what level it will reach. We hope that it will break the next barrier, although I think that the slowdown in the rise indicates that correction is coming.
976  Other / Beginners & Help / Re: Interview questions on Bitcoin for newbies. on: September 15, 2023, 11:17:39 AM
I read the questions and answers at the link I provided, and the article was written by a person who has little experience with Bitcoin and encryption, and some of the answers are incorrect.

Quote
Large volumes are generally quickly authenticated rather than smaller transactions.

This is not true. Confirmation of Bitcoin transactions is not given priority based on their volumes, but rather on the fees paid. The higher they are, the greater their chance of being included in the next block. Sometimes the fee for sending a million dollars in Bitcoin is equal to $1, and sending $10 costs $2.

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Funds that haven’ to been authenticated by miner are known as unconfirmed transaction and goes back into the sender’s wallet.

Generally, it doesn’t happen. It takes 10 minutes for authentication only. In some cases where there is extreme traffic, it has been reported to lasting even for 1 hr.
This is not true. After signing the transaction, it is broadcast to mempool of the contract. This mempool is the place from which the miner takes the transactions to include them in the block after mining the block. As long as you continue broadcasting the transaction, it will be confirmed, but it will not return to your wallet after an hour.

Quote
They help to keep the security system clean and keep the brand from earning any dubious distinction. It also minimizes the chances of double-spending of Bitcoins.

there is no relationship between Full Node and minimizes the chances of double-spending

All answers require revision.
977  Economy / Exchanges / Re: [ANN] NonKyc.io - Embrace Privacy and Security in Cryptocurrency Trading on: September 15, 2023, 10:53:16 AM
If you did your own research, you don't have to ask. yesterday we posted our Zealy Quest, so your answer here we got in the mail, otherwise, we did not even notice it..

https://t.me/nonkycupdatechannel/20

And we don't ignore, we are not very active on this platform. we use telegram, Discord, and our own Ticket system.

If you want to avoid us, please do so.
I understand that you are busy, but at least you were asked here,  take some of your time to answer here or quote the answer from Telegram. The advantage of this forum is that it is archived on Google and that it is available to everyone without logging in. When searching for your domain name on Google, followers will find the ANN link, and replies here cannot be deleted so it is trusted.
978  Economy / Exchanges / Re: Coinex hacked, $54M stolen on: September 15, 2023, 09:45:17 AM

Can someone tell me if these "hot wallet private keys" are just saved on their platform's server, i mean on their hosting servers for them to control the withdrawal on their user's daily withdrawal, then just replenish the addresses if it lacks balance on it. Because if its the case then it'a easy much easier for hacker to compromised such thing.
The deposits and withdrawals system usually has a separate server where the private keys are placed here. From there, the main system sends it a list of addresses for the amount to be withdrawn, and the deposits and withdrawals system carries out that, ensuring that there is a sufficient balance for withdrawals, and transferring any excess balance to cold storage.

Hackers can steal money in two ways: either by accessing the servers of the deposits and withdrawals system, that is, accessing the private keys and withdrawing currencies, or by manipulating the basic system so that the deposits and withdrawals system sends a withdrawal order for a specific amount to the hackers’ address.

I do not know how the hack occurred, if it was to the system of deposits and withdrawals, then in most cases after restoring the system, users will be asked to stop using the old addresses, but if it is in the basic system, then in most cases users will not be asked.
979  Economy / Exchanges / Re: [ANN] NonKyc.io - Embrace Privacy and Security in Cryptocurrency Trading on: September 15, 2023, 09:21:10 AM
🚀 Join the Zealy Movement with NonKYC.io! 🚀
Ignoring the answer to users’ questions is not a good sign. There are questions raised, such as your saying that the site was designed from scratch, yet it looks similar to https://xeggex.com. There are some restrictions imposed on age, which rat03gopoh mentioned, which cannot be known except by verifying the identity. Lack of clarity on basic questions like this means you want people to avoid using your site.
980  Bitcoin / Project Development / Re: Web3 Growth Hub | Unlock Your Explosive Growth with TokenMinds on: September 15, 2023, 09:04:38 AM
I have not heard of you before. Adding links to Web3 projects that you have successfully developed will help a lot, and adding free offers or options for trusted members. $50 per million is considered a small amount. Is this million guaranteed and from real followers or is it a million views or what?

There are many token projects here, they offer Bounty offers. You can contact them, but they only pay using project tokens.
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