Cryptocurrencies are seeing a horrible decline without any specific reasoning.
How can it be that so much money is being removed from the total cap?

Investigations into manipulation hindering certain peoples way to manipulate and encourage a false market?

What are your thoughts on this ?

On Blockchain Board of Derivatives ( BBOD.io ) traders do not need to pay gas cost for each transaction make make. BBOD is the first decentralised exchange that is zero gas cost per transaction. You only pay once a day. Even if I make 1,000 trades you still will pay only once? because BBOD protocol is designed is this way that calculates net flow of transactions at the end of each trading day, this means one fix fee cost per day. I think this can only be found on this platform.

Additionally, BBOD has it own token call BBDtoken. Traders may use BBD to pay for trading fees and they can expect a discount on trading fees. This allows for incredibly cheap transactions as a result of the standard rate fees being low themselves.will charge trading fees like any other exchange but the fees will be very competitive.

yea.. it's called usability concept which most crypto project should adopt.

Currently, the main use case of BNB token stems from its ability to be used to decrease trading fees on the Binance Platform. Users can choose to pay for fees using BNB instead of utilising the cryptocurrency they are trading. If one chooses to do so they can expect 50% trading fees in their first year of membership, which decreases by half every year of subscription, until year five, where a discount no longer applies.


In essence, BNB becomes the fuel for the Binance ecosystem, providing real-world utility to the token, unlike many other cryptocurrency projects whose promise of utility stems from the future success of yet to be released product. The reduction in fees is hugely significant to frequent traders as the platform itself currently undercuts any other exchange on the market without even employing the token discount, at 0.1% per trade. Combine this with the lowered fees when BNB is implemented to trade with and the exchange substantially undercuts its competitors on trading fees.

For example Huobi and Bitfinex both employ trading fees of 0.2%. The oversight of Binance competitors higher fees is likely what drew many to the platform from in the first place.

REASONS WHY BNB BECAME SUCCESSFUL.

Organic Growth Through Reputation: Binance’s significant success in the cryptocurrency spot exchange market thus far has gained them substantial brand recognition in the marketplace. Couple this success with an ever-expanding user base and this could translate into sustainable long-term growth for the BNB token.

Continual Drive for Innovation: Since their inception, Binance has made continual strides to expand their product offering and overall ecosystem. For example, improving the functionality of the exchange itself, introducing the coin burn function and offering market participants the opportunity to invest in cryptocurrencies utilizing BNB in their Launchpad program. Further efforts to improve the Binance ecosystem will not go unnoticed and will certainly affect the price of BNB.

Sustainable Growth During a Bearish Market: Although the fortunate timing of the implementation of the exchange can be seen as luck by many, Binance have not failed to increase their market dominance this year in a declining market (approx. -70% YTD). The consistency of trading volume, hovering around 1 Billion USD per day suggests that when the market decides to turn bullish, the number of individuals who utilize the platform and its token will increase.

Ref: https://blog.bbod.io/fundamental-pick-binance-coin-bnb/

Is cryptocurrency dead? As long as cryptocurrencies exist, there will always be platforms to exchange/trade crypto. If you’re referring to start-ups exchanges, they may be facing serious challenges which maybe threatening to their existence. One of the problems the cryptospace is facing is copy and paste and repetition of projects with different names, innovation and creativity is fading out in the space.

Let us compare the older cryptocurrency exchange platforms like (Coinbase, Bitfinex, Bitmex, Kraken, Gemini, Poloniex, Bittrex, Gate.io, and Huobi) to the new ones like (Bitforex, Indodax, Coinbe , Hotbit , DigiFinex). Why are the new crypto exchange platforms struggling to hit the lime light?. Binance is about a year old and has made much impact in the cryptospace, why can’t other cryptocurrency exchange start-ups follow suit?

1. Lack of funds
2. The market has already been saturated
3. No original ideas

The big exchange platforms are gaining more grounds everywhere, this making the space more competitive. Nevertheless, some start-ups are really making much sense and are impacting immensely to the blockchain and cryptocurrency space. For any startup to pave through the crowd, it's idea and technology must be very solid.

One of the start-ups to look out for is BLOCKCHAIN BOARD OF DERIVATIVES, the platform combines both centralized and decentralized features of Blockchain to stay aloof the crowd in the space. This is a all-in-one trading platform, that is going to be welcomed when it is launched.


At BBOD users control the destiny of their own funds. BBOD runs a non-custodial smart contract wallet system where all account balances are held by a decentralised smart contract on the Ethereum blockchain. Centralised entities are too often hacked, BBOD adopts hybrid approach to decentralised safety combined with a centralised trading engine ensures the security of your funds whilst maintaining blazing fast transactions speeds, thereby giving the platform an edge over other exchange start-ups.

This is not the only Crypto exchange that is making impact, there are several others who make making the revolution worthwhile, so Crypto exchanges are far from dead.

So also:

Lil wayne
Nicki
Cardi B
Wale
Wizkid
And me too

Coinbase out with an "all clear" signal to add alt-coins to its platform. In a release this morning the crypto exchange said it will be: "Offering more crypto assets, quickly — we see hundreds of cryptocurrencies that could be added to our platform today and we will lay the groundwork to support thousands in the future." In the past, a Coinbase listing has been the jet propulsion alt-coins needed to scream higher.

Bitcoin Cash, Ethereum Classic and 0x all more than doubled in value after the announcement was made they'd be added to the mix. This could light a fire on alt-coins once Coinbase "quickly" moves forward with it plans. Coinbase historically doesn't rest on its laurels; when they say "quickly", it might also interpreted to mean "imminently".

Do your own research. This is not financial advice. Smaller exchanges must be terrified, except for the decentralized trading platform that runs a different ball game from that of Coinbase’s centralized platform, I see merger activity being reported among lesser-tier centralized exchanges & this is natural. Coinbase throwing the gauntlet down & listing "hundreds" of coins soon and "thousands" someday will no doubt render scores of tiny exchanges useless - if that's not already an oxymoron. This week a Canadian exchange said all its $6 million in assets were pilfered and funds wouldn't be restored. Coinbase will sweep up this low-hanging fruit like a vacuum.

AFRICA IS NOT A COUNTRY ... IF YOU DON'T KNOW THIS I WONDER WHAT YOU KNOW 

Africa is rarely in the crypto world news. China, Korea, and the US tend to get all the headlines. The fact remains that Africa is one of the world’s regions in which the blockchain has penetrated more into the mainstream because of the continent’s lack of financial institutions as widespread as Europe, Asia, or the Americas. The Cryptocurrency space in Africa is growing daily, as several projects are coming into the Continent you can turn a blind eye to the world's second largest and second most-populous continent.

In other words: Africa is a very important geopolitically for crypto because at night a candle is brighter than the sun.

Well here in Africa, Nigeria to be specific, the number of people who have access to internet is more than the whole population of some European countries.
And currently Nigerian is the 5th largest country where bitcoin is traded! ...The only thing that could hamper the growth and adoption of crypto and blockchain in Africa is the skepticism of the people towards the technology. Which can be easily resolve with good amount of educational programs,
crypto and blockchain conferences will also do a lot of good in the space.

We need more trading platform that are decentralized, after all that’s what blockchain technology was meant to solve, do you know that when you deposit coins to exchanges (eg. Binance, BitFlyer, Huobi, Kraken, Bittrex) they land directly into a wallet or wallets controlled by the exchange owners? The owners holds private keys (passwords) to the wallets where your coins are stored.

The problem with insolvency of centralized crypto exchanges is not known and it seems that the industry does not want to highlight it. This problem stems from the fact the centralized exchanges settle users’ funds only when they ask for withdrawal. This is the moment when the exchange physically sends coins through blockchain. Thus, it is difficult to assess if an exchange is solvent or not and this maybe a source of systemic risk in cryptocurrency markets.

Recently the concept of hybrid trading platform ( www.bbod.io ) arrived into the cryptospace where proprietary smart contract wallet system is implored this gives users possibility to create smart contract wallet designated for trading on platforms and nobody except the client has control over it. The platform reserves the limited right to settle clients’ trades daily via the system of smart contracts, that handles the flow of capital (eg. profit and losses from trading).

Most crypto traders make use of centralized trading platforms, like Binance, Bitmex, Poloniex, Bittrex etc… The hype around these platforms made it appear to most guys in the cryptospace as the only available option, very small percentage of the crypto traders population have an idea on how decentralized trading platforms works.

Obviously centralized trading platforms are easy to use and all that! , but that’s not the best the technology can offer, I believe the future lies in decentralization, with that we can achieve “maximum” security. Personally i trade on a decentralized platform, because i got tired of the issues surrounding the centralized systems.

Any suggestions on this type of trading?

CrytpoFx allows you to trade cryptocurrencies using the same approach of Forex. CryptoFx puts together two words, the trading approach of forex and cryptocurrencies to give traders the pleasure of trading  in familiar environment.

Does anyone have any experience on this type of trading?

I'd prefer a decentralized  trading platform where  metamask or private key is used (non custodial wallet system). Did you know that when you deposit coins to exchanges (eg. Binance, BitFlyer, Huobi, Kraken), they land directly into a wallet or wallets controlled by the exchange owners? The owners holds private keys (passwords) to the wallets where your coins are stored. I need a trading platform developed a proprietary smart contract wallet system and  gives its users possibility to create smart contract wallet designated for trading and nobody except the client has control over it. A platform that reserves the limited right to settle clients’ trades daily via the system of smart contracts, that handles the flow of capital (eg. profit and losses from trading) and  security will always be a top priority.

Only hybrid trading platform can perform this functions, as for now there's only one hybrid platform that fills the position which is bbod.io

I have heard crypto traders use exchange platform and trading platforms interchangeably, this get confusing as it is.
I need clarifications with examples on these two crypto concepts.. thanks

Yes.. you're totally i agree with you,.. and the latest and most improved (hybrid) decentralized trading platform would be www.bbod.io

Definitely you should choose the exchange platform that you trade on carefully. You need to consider the following things;

1. The Country where you reside in

2. Check on the security measures and other policies. see www.bbod.io for example

3. User-friendliness and Customer support

4. Public image of the exchange

This thread is not for hackers to update their skills, but for those who have been hacked and lost their valuables to share their experience so that others will learn and prevent such occurrence.. both newbies and "experts"

Yes.. i was wondering if it's the same forex trading i know of or another... OP kindly expatiate..