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761  Alternate cryptocurrencies / Altcoin Discussion / Re: The way things are going with new crypto is worrisome on: March 24, 2022, 04:57:07 PM
Almost everyone I knew now creates their own tokens  Grin these guys aren't even crypto developers to begin with, they have no coding experience or knowledge now this makes me worry, imagine how many crypto tokens that are created by inexperienced personal, I think we need to buckle up for there will be huge rain of scam tokens upon us than what we've seen before...... Sigh! I wish that only few qualified people knew how to build blockchain projects.

It's the beauty of open source and with many people involved, we would have many brains. Everyone should and would eventually realize that not every cryptocurrency or blockchain are the same. It doesn't mean the Scam102 coins would yield the same profit for you as Scam101 yielded for your friend. It maybe confusing and overwhelming at first but with high number of scam and stupid tokens, people would developed a higher sense of filtering sooner.
762  Alternate cryptocurrencies / Altcoin Discussion / Re: How good is staking coins? on: March 24, 2022, 03:34:08 PM
I'm sure there are a lot of you who are staking coins. I have a question for you guys: I have a friend who built a doge coin mining farm in order to get some coins and stake them, but I'm not sure how good staking is. How much money do you make from staking each month? People don't seem to be talking about their staking rewards, but miners seem to be...... Wink

Staking should be a part of your investment strategy. There are a lot of ways to stake involving various risks. Centralized exchanges provides the least risky and hassle free staking. Higher profitable staking are found among farm and pool yield aggregators but there are a few things to consider while investing on them including the price of the staked coin or the pair of them. Staking should be planned ahead and best be done with a fixed and longer period of time to avoid unnecessary fees.
763  Alternate cryptocurrencies / Altcoin Discussion / Re: Top coins to buy in a bear market? on: March 23, 2022, 05:45:14 PM
Among them, I bought some BSW at 35 cents a few weeks ago and today it hit 70 cents. Nice 100% profit within in month but on overall I'm still in loss. I hold a small amount of sandbox as well but no other coins from that list. Cake is another safe bet below $10. So is solana below $100.  Recently I've been attracted towards Bitgert (Bitrise) which promises to be Worlds first ever zero cost gas fee blockchain. It's still a work in progress so has equal chance of turning into a scam.
764  Alternate cryptocurrencies / Altcoin Discussion / Re: As big as binance in the future on: March 23, 2022, 04:10:49 PM
I was and still bullish about Coinex and FTX. Both personally I bought and sold both of their exchange tokens for loss. Coinex is backed by Viabtc which has an investment from Bitmain. They have one of the lowest trading and withdrawal fees and has also developed them as an online wallet like coinbase. FTX  arguably has the lowest fees. A bit difficult to get used to the interface but they are popular with high volume traders.
765  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitgert Vs Shiba inu on: March 22, 2022, 11:42:17 PM
Just watched over Bitgert if it's something similar to Shiba Inu but no. It's not a meme coin and focuses on a different genre. The team seems fairly active on social media and if they get some good ratings from audit companies, I guess they have potential to rise in price in short term as well as in long as they advertise themselves as zero cost gas fees blockchain. Which is what everyone wants.
766  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you spend crypto? If yes, for what? on: March 22, 2022, 04:42:25 PM
Pre-2015, I used it several times to convert to and from other digital gateways like Skrill, Paypal and PM. Even after that, I used my coins to top up my mobile several times, still doing it sometimes. I also bought a hosting and some domain names from Namecheap and a lot more domain names from Porkbun both of which supports crypto. I have also bought some VCC, accounts and even game keys with crypto. I have minimized it now but am planning to get a new hosting, this time from hostinger.
767  Alternate cryptocurrencies / Altcoin Discussion / Re: Does Solana have a future? on: March 21, 2022, 04:10:05 PM
IMO, Solana do have a future and in a price below 100, it's a good pick for high yields. Solana has already proved its worth with thousands of new project using its ecosystem. It has an active team and the fees are still pretty low for it to grow without any hassle. Though more projects would come for the same genre but we have already experienced how these platforms are co-exists and flourish as the gaps are being bridged.
768  Alternate cryptocurrencies / Altcoin Discussion / Re: Question about gaming and metaverse on: March 21, 2022, 03:15:46 PM
Guys I have few questions for you guys about p2e games and metaverse projects

1. Would you choose gala games over decentraland for future?
2. What do you think about metaverse future? Wil this work out on the long run because no project have shown a full working metaverse project so far.

What I've found with metaverse and games is people tend to keep jumping from one to another when they get old. Not only are people less interested when the platform is old, it also becomes difficult to reach achievements and stand out when the crowd is huge. So, they'd have better incentive to move to a new project and there's no scarcity of them. The industry would keep on evolving and some might get attention for a while but none would reign for a long time just like computer games.
769  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin is not profitable anymore, Altcoins like Avalanche / Algorand etc. are on: March 20, 2022, 05:45:18 PM
Bitcoin is still profitable. May not be as largely profitable as Avalanche or Algorand but is still a safer bet than any other altcoins. And the chances price of bitcoin to keep rising is more than any random new altcoins as there are no real competitor to bitcoin on its genre. A new coins with newer tech could bring more utility but they would also be constantly fighting with newer similar coins while bitcoin has no actual competition.
770  Alternate cryptocurrencies / Altcoin Discussion / Re: ZCash vs Monero on: March 20, 2022, 03:30:12 PM
Privacy is more about the use than the nature of coin. Bitcoin too could be seriously privacy focused coin if you use it with that motive. Monero and Zcash certainly makes it easier though. Monero is the favorite of the dark web that explains it's better trust among privacy focused customers.
For anyone who just wants to earn from the trade and investment, any coins that are readily available are good.
771  Alternate cryptocurrencies / Altcoin Discussion / Re: Finding new exchange tokens on: March 10, 2022, 06:23:54 PM
I had initially bought and held coinex token for a long time without any profit. I thought it was a promising project and still do. I just lack the money to buy the Cex token again. With their newer approach with cheaper fees and as a payment gateway, wallet as well an exchange, I have high hopes with them. Bkex and Dodo as well are older exchanges with Dodo still having a good number of newer IEOs and presales.
772  Alternate cryptocurrencies / Altcoin Discussion / Re: Are Mimblewimble coins better than Monero? on: March 10, 2022, 04:46:45 PM
Mimblewimble ups the privacy game but in no way we could call monero inferior to it. Many coins including Monero has talked of implementing mimblewimble but it's not just the advanced technology that provides privacy and trust. Monero is famous and working for what it is. There are a number of mimblewimble coins that are still struggling to get attention. Almost all of the new coins are superior to bitcoin technologically but are no competition to it. Comparing monero the king of privacy coin with any other is a similar stance.
773  Alternate cryptocurrencies / Altcoin Discussion / Re: Smart Move... on: March 10, 2022, 03:53:51 PM
Do you think converting my XRP holdings to Solana for long term hold is a smart move?

Of course it is. I don't see huge future for ripple it could remain and increase in price but it won't have much larger use case than it already has. While solana has still a large room to expand and it's price is lower than a few months ago. Ripple has been tested by many bulls and bears while solana price move got stuck due to the latest bear and could achieve high when the bull follows.
774  Alternate cryptocurrencies / Altcoin Discussion / Re: Farm search with the best APY on: March 09, 2022, 05:33:43 PM
What I've learned from searching for higher rates in such farm aggregator and maximiser like autofarm and beefy is they don't always provide the correct data and a lot of consideration are left out. Though farming is still a good way to earn passive income if you are good at finding the right pair. Another disadvantage of commiting fully to the farm are their APR changes rapidly. Where people find better rates, they just jump in increasing the liquidity and decreasing the overall APR.
775  Alternate cryptocurrencies / Altcoin Discussion / Re: All Experts Please Suggest me on: March 09, 2022, 04:42:43 PM
I am planning to invest 5000usd every month into crypto for next 3 years . So please suggest me which coins to buy how much. I am not a risky trader or investor i want to play a safe game as much as possible 

I'm not an expert but with my experience, I believe it's better to have 50% of your coins on BTC and ETH and rest 50 on others. On diversifying, you should also consider the nature and network of that coin. Investing a large portion of your money on coins from the same network or on coins that are of same sector would put you in risk. As well, the holding of your coins should also be diversified for earning passive income to safeguarding in wallets and some on centralized exchanges for quick trades and transactions.
776  Alternate cryptocurrencies / Altcoin Discussion / Re: Should I invest in new projects? on: March 09, 2022, 02:21:16 PM
Just streamed through the project and it seemed promising to me. It would be one of the good option among new projects to have a bit of your portfolio. If you wish to invest, I'd recommend you to do so as early as possible as these coins boost up ones being listed in exchange. And selling them at a higher price would be a desirable option as I haven't seen any play to earn games making good returns in long term. There are exceptions but these things mostly are left over when newer options are available for the players.
777  Alternate cryptocurrencies / Altcoin Discussion / Re: Which coins to sell? on: March 08, 2022, 05:25:35 PM
They are a set of similar coins with a good potential for the future. In circumstance of eliminating two of them I chose Polkadot and Luna. The reason why I chose them is similar as well. Both of these coins are in one of their better price and they lag behind other options in the utility at the moment. The market is somewhat saturated and it would be hard for these projects to take away market from other options.
778  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto prices are starting to strengthen again on: March 07, 2022, 11:55:19 PM
The current price increase is not fully we can say is at a safe point, because only a few percent increase occurred, so we have to be careful to invest so as not to experience losses.
The crypto market isn't doing well, so we have to make the most of this situation. 
Even though this slight increase is for me an advantage, because yesterday when the market was down I was able to go in and buy some coins. There was an increase in my portfolio and I immediately took profit. 
What I'm really worried about is that the current world situation is not good, it will affect the price movement of the crypto market. So you're right, we have to be careful.

The market has been in sideways movement for over 3 months now. It's been testing the resistance around 30K for bitcoin and it's been holding up. Which means investors are not ready selling the coin below 30K. With sideways movement, there are a lot of buy and sells but as the number of new people buying and holding increases, the potential for a healthy growth of prices of crypto too increases. We could expect another bull run sooner or later.
779  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Alts Follows Bitcoin's Fall? on: March 07, 2022, 03:56:52 PM
When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?

What if it's the bitcoin following alt fall? Every market are somewhat related and there are of course market sentiments. You can see a similar trend in stocks market where one stock price is no way related to another as all of them are bought and sold by fiat, still when the market sentiment is bearish, most of them goes down and viceversa. In crypto, there is one further reason of being paired with one another. With so much varieties and reasons for market movement, we can no further claim bitcoin leads the whole market either.
780  Alternate cryptocurrencies / Altcoin Discussion / Re: Does Hold is Gold on: March 06, 2022, 10:36:11 AM
Not necessarily. I held pancakebunny and it crashed to low when it was hacked/compromised. I kept holding, even buying more to lower my average and one of its project got hacked/compromised again and it hit a new low. I still kept holding and decreasing my average and another of its project got hacked/compromised. Never had in my life thought a promising project as such would suffer this fate 3 times. It's now obvious that it's the team that are siphoning out the investors money, but they were believed to be one of the most promising coin of its time.
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