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1  Alternate cryptocurrencies / Altcoin Discussion / Re: Greedy crypto developers on: September 03, 2020, 02:08:11 PM
Developers should stop taking investors as fools, you cooked your project up to your taste and everything seem fine enough but because you are too greedy and can't take your eye off DeFi success you decide to switch your project to DeFi. Seriously are investors stupid enough to go along with your obvious trick? To all developers who are doing this, it's a complete slap to your faces, you guys should be ashamed of yourselves.

I was surprised yesterday to see one project which aimed to use blockchain technology to foster education, so that educations documents and materials can be stored on the blockchain which is immutable, to start mentioning DEFI on all tweets and medium articles just to cash up with the hype. I really like the DEFI concept but most developers are abusing it, how can a project focused on education or sports switch to DEFI? Let's be careful please.
2  Alternate cryptocurrencies / Altcoin Discussion / Re: Who has the eye that looks into the future? on: September 03, 2020, 12:04:36 AM
Looking into the future I suggest Cryptocurrency will suspend other past used currencies and take over, what do you think?

Yes, I acknowledge how unique cryptocurrency has been, and the best point is that it removes the need for middleman entirely. However, crypto can't suspend other traditional currencies as proposed here, crypto will still cohabit with FIAT and other digital assets. What we hope for in future is great mass adoption mainstream, not necessarily making other currencies to go extinct.
3  Alternate cryptocurrencies / Altcoin Discussion / Re: Don't fall for this YFI / YFII Telegram scam! on: September 01, 2020, 09:56:32 PM
I saw the YFI fake airdrops on telegram and laughed so hard. How will someone in his/her widest dream believe they can get 0.1 YFI from airdrop, lol. I don't pity people who fall for such if it turns out to be a waste of time or scam. We should apply common sense before venturing any airdrop.
4  Alternate cryptocurrencies / Altcoin Discussion / Re: Why I don't buy Polkadot now on: August 31, 2020, 09:05:36 PM
OP made very good points about polkadot but sometimes it's not always about token sale price, check projects like LEND. If you go by price difference between current price and token sale price for most projects with solid team and progressive development, like LINK, you will be discouraged to buy at current price. OP mentioned ICO price was 30 cents and current price is about 6$, this doesn't matter much provided the demand of the coin increases over time. Polkadot is a dope project, I bought some DOT already. Thanks OP for the sincere in depth analysis.
5  Alternate cryptocurrencies / Altcoin Discussion / Re: is defi reason for skyrocketing fees? on: August 30, 2020, 08:59:22 AM
DEFI is partly the reason for high fees on ETH transactions, especially from uniswap. Yesterday I tried swapping my ETH to a token CORN, the tx was so high almost 8$ for a small tranaction. I thought ETH fees dropped by 80% as news had it, what happened after? I believe and hope ETH 2.0 final launch curbs this fee issues, it's annoying. Crypto is supposed to boast of low fee tranactions, this high fee is opposing that notion.
6  Alternate cryptocurrencies / Altcoin Discussion / Re: Be careful with scam copycats of YFI on: August 29, 2020, 01:50:21 PM
I pity those who will end up getting trapped with some of these YFI copycats like you (OP) mentioned. I saw one YFIII and the likes, they just want to start a new trend of hype with these coins, seeing the success of the originator YFI. DEFI craze is real lol.
7  Alternate cryptocurrencies / Altcoin Discussion / Re: CAN WE STILL GET THE 2017 BULL IN THIS 2020? on: August 28, 2020, 09:33:42 PM
We have seen series of predictions in the last three months when bitcoin had its last halving. The prices kept rising until two weeks ago.
Now that the prices are falling again, when will the time like 2017 be experienced again in the cryptocurrencies community.

The prices are not falling again like you mentioned, it's a healthy correction. Corrections are inevitable to gain more momentum for a bigger movement uptrend, to me we are still in bull market, since I've made good profit this season. I don't know if the 2017 kind of bullrun can repeat itself, but it's very possible.
8  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins with 1000% Plus Profits on: August 28, 2020, 04:33:21 PM
Hey Guys,

Can someone explain what are these altcoins and what is the exact reason of so much growth in just 24 hours?
Are they scam or legit? Thanks.


Funny enough I can't even recognize any of the shitcoins on that image. Some of them lack trading volume, some might be pumped by bots and only a few coins with such huge growth in 24 hrs are real. I remember seeing about 1300% for a shitcoin I was holding but with just 140$ as daily trading volume on a shitty exchange. Some noobs will still buy the tops for these coins. The buy orders are usually scanty most times.
9  Alternate cryptocurrencies / Altcoin Discussion / Re: New NEO DeFi Token - FLAM on: August 27, 2020, 09:37:05 PM
What are you views and thoughts about flamingo finance? There's not much info out there about it yet.
I've tried to dig up necessary information regarding this Flamingo Finance, but to no avail. Checked their Twitter handle and there is no relevant info, not even website just "coming soon" stuff. It's just promoted by one influencer on twitter (Dahongfei) to create hype around it before launch.
10  Alternate cryptocurrencies / Altcoin Discussion / Re: Safest cryptocurrency wallets on: August 27, 2020, 02:09:37 PM
As long as you get to keep the private key it is safe. I prefer offlne wallets like ledger, trezor, or paper wallets. As long as your private key and seed is safe, you don't have to worry about your funds and it's security. I never leave my funds online especially if it is huge.

I use Trezor and ledger nano, for offline wallets which are cool and more secure. But for ease of use and convenience since I day-trade, I use trust wallet being a Multi-Coin wallet especially for my uniswap tranactions. My offline wallet is where I keep coins for long term hold mainly.
11  Alternate cryptocurrencies / Altcoin Discussion / Re: Can new crypto beat Eth in the market? on: August 26, 2020, 09:30:28 PM
If we look at the market capitalization, ETH is 3 times ahead of Ripple. To beat the ETH ripple price should increase more than 3 times. But with this situation, ETH may also increase to some extent. So in terms of market cap, nothing ca beat ETH in the near future.

Don't say "nothing can" beat ETH in the near future in terms of market cap, better you say it "won't be easy" for any altcoin to surpass ETH's market cap in near future. Nobody can predict what happens next in crypto in future. Well I'm optimistic that ETH will maintain its second position due to its relevance in this space.
12  Alternate cryptocurrencies / Altcoin Discussion / Re: What DeFi projects are your radar this week? on: August 26, 2020, 01:51:20 PM
Mantra Dao $OM has been on my watchlist, since some of the team members are from reputable already existing projects and they keep updates coming through. I bought at around 0.3$ on OKEX and sold at 0.5$. Didn't really want to hold for long term since I limit the number of coins/tokens on my portfolio. AAVE too has been very progressive in uptrend, seeing increased percentage in assets locked in the platform. So many DEFI projects now, hence one might be confused on which to consider for long term. PAYACCEPT too is new, NEXT exchange partner, hoping development progress is great for the project.
13  Alternate cryptocurrencies / Altcoin Discussion / Re: How to escape loss as an altcoin trader on: August 25, 2020, 07:44:07 PM
It depends on trading strategy and how market is moving. If there is a loss on bitcoin then traders will not hold it either and convert it to stable coin. Traders used to convert their alts to btc for stability way before stable coins came along but since some of them have shown to be stable traders are moving towards them when there is instability in the market. Then, there is another market trend when alts become stable and btc starts moving up. that's when traders move their holdings to btc instead of stable. There is no right way to escape loss and as a traders that's a risk you take but with proper market research and training you can make decrease your risk.

There is a point you mentioned which got my attention, "there is no right way to escape loss". Even the strategy suggested by OP is not perfect, even though it might be helpful at times. As a trader, you definitely must lose at some point in time, even if you are a master in TA. If you win most of your trades and lose few, then you are doing great in trading. Even if you win 60-70%, that's not bad.
14  Alternate cryptocurrencies / Altcoin Discussion / Re: REALITIES & CHALLENGES OF INVESTMENT PLATFORMS. on: August 25, 2020, 02:02:24 PM
I recently stumbled on crypto based investment platform called allbullish and pennywise and am really skeptical about investing in it, the challenges of investing in most crypto investment platform is that most of this platforms lack regulations and continuity. How can one know a genuine crypto investment platform?

Those platforms you mentioned are all ponzi, that's not cool investment. They are pyramid schemes and you know how they always end. In as much as early birds might benefit, some set of investors will regret venturing into it. Do not invest in sites promising you ROI for doing nothing, just trade with peace of mind. Or go into yield farming, staking, lending. You can do Binance lending with BUSD and get a decent ROI which looks small but ok, at least you are sure it's legit.
15  Alternate cryptocurrencies / Altcoin Discussion / Re: No exchange? No Value! on: August 24, 2020, 09:56:32 PM
The rise of decentalised exchanges have helped a lot of small projects in this regard. Now they don't have to worry about paying big bucks to the centralized exchanges to list their tokens.

This is true, some few good projects which list their tokens on uniswap for free are doing well, even though there are so many scam projects taking advantage of uniswap and other dex like bamboorelay, forkdelta to list scam tokens. A good centralized exchange with high trading volume is necessary for price growth of a coin/token, but uniswap trading volumes surpass many CEX nowadays hence gives hope to projects which can't afford high listing demands from top CEX.
16  Alternate cryptocurrencies / Altcoin Discussion / Re: Whats your thought about New projects? on: August 22, 2020, 12:16:34 PM
Right now its basically almost impossible to familiarize yourself with every project that others may perceive as "promising" as there is a constant torrent of new DeFi projects that are popping up left and right. I try to weed out the ones with a low market cap, a working product and a solid team, so I lower the chances of being dumped on after the initial hype subsides.

Very correct, there are many new projects especially DEFI focused and one has to be extremely selective when investing in these new projects. At a time, I can't invest in more than two new projects to reduce risk. Some people jump on any new DEFI project they come across, hoping it pays off soon, this is a very wrong concept of investment.
17  Alternate cryptocurrencies / Altcoin Discussion / Re: looking to the future of crypto on: August 21, 2020, 08:43:12 PM
Seeing the development of new projects that have sprung up recently has people experiencing a motion of no confidence in crypto. because many projects do not have good long-term prospects. they just want to get profit alone regardless of the losses of others and do not develop it. have you ever thought that

what is your opinion?

The practice of launching projects without having a vision to develop product as showcased on roadmap didn't start recently, so many projects in the past have been doing this. Some will just show investors an MVP, which they have no plans to develop in future, just to lure in investors. Very few projects foster development as promised, most team members are just after the money. This is the more reason why some team members keep launching new projects and cashing out steadily on investors.
18  Alternate cryptocurrencies / Altcoin Discussion / Re: What is your Biggest Crypto Regret? on: August 21, 2020, 12:48:32 PM
Going through this thread, I've read so many lamentations/regrets and some are similar to my experience. For instance, I regret selling my ETH super cheap in the good old days, even when I bought back this year during the March crash at 115$, I sold back around 140$ which is not even close to the current price. I've learnt never to regret when i sell in small profit and the coins price increases later on, I only regret not selling when I'm supposed to sell to take profit, then later on the coin dips hard making me a shitcoin bagholder.
19  Alternate cryptocurrencies / Altcoin Discussion / Re: The return of ICOs on: August 20, 2020, 08:33:08 PM
I don't wish to have ICO's return unless there is some sort of regulation to ensure that what we had few years ago does not repeat itself, owing to the fact that we had several scam projects parading the space and stealing investors fund. Its rather quite unfortunate that ICO's may never have the opportunity to right her wrong as the space is not as porous as it were, few years ago.

Some new projects run their token sale in form of ICO and a few are successful, so ICOs are returning for real. Well, personally I doubt if I'll ever invest in ICOs anymore, but if you check some popular crypto Telegram groups which promote these ICOs, you will find new ones at least weekly. I know of PEEREX and a few others which concluded ICO and are trading.
20  Alternate cryptocurrencies / Altcoin Discussion / Re: John McAfee Has Left His Own Privacy Asset Project on: August 20, 2020, 12:59:22 PM
All the projects shilled by John McAfee usually end up with sad stories. Initially it pumps then FUD sets it along the line, leading to massive dump. GHOST 👻 is no exception of his shilled shitcoins, anyone investing so much in any coin based on hype should rethink. Hyped coins are for cashout only in my opinion.
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