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I'm still trying to understand what you mean by "but is not expensive". Are you referring to low trading fees? If you are looking for crypto exchanges, then Binance, Huobi, OKEX, KUCOIN are cool. You should be looking at trading platforms with high reputation, security, low fees, good features and volume comparatively. Or you mean platforms like iqoptions?
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This makes me remember Tokoin and tachyon protocol bounty campaign, after hunters are paid they made huge profits from this bounties and still the value are rising and not dumped, so my question is why are other bounties getting ruined after launch? Or after hunters sell their rewards? Probably because they are bad projects, hunters aren't to be blame here isn't it? Good projects will never dumped because hunters sell off
Some projects have a buy back strategy which prevent hunters from dumping and causing negative price effect. I remember REMME, an old project which placed about 1000ETH buy wall just so hunters do not make it dump hard on IDEX wayback. Tachyon really did well, even mooned hard after Bounty distribution and hunters who rushed to sell regretted. Hence, good projects come up with good strategies to limit massive dips, even though they can't completely prevent it. |
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Not all new altcoins are bad, I understand OPs frustration but we still have few very promising projects, just take it as 90% of new projects are probably scam but the remaining 10% is something you don't want to miss out, do your research and invest want you can afford to lose
Your points are valid, the fact that most new projects turn to scam or are just after the money without actually hoping to achieve the project aim doesn't mean all are scam. Some older projects are also scam in disguise, scam in the sense that some do not ever plan to launch a working product, even though they might have lured in investors with an MVP. I don't blame OP, most new projects are just crappie, reason why he generalized. |
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Hey
I have noticed a few projects that developed a deflation system for their coins/tokens called burning.
They burn their tokens on a special occasion or simply when someone pays their product with the native token. They burn few percent of the price.
What do you think about this? Imo, if people actually buy the produc then it can really reflect the price of a coin?
Let me know what you think.
In the first place, they should not or stopped creating a huge supply of their token, no investors will be attracted to projects that have a huge supply while they have a useless platform, it's not about supply anymore it's more on the platform and if the platform has a good usage to the community. This is good reasoning 👍, if the total supply for the coin/token is not so large, what's the need for burning huge amount. However, even some coins with fair total supply like BNB still burn quarterly, just to reduce circulating supply hence increase value. Also, some projects deliberately issue a very large total supply, then burn to create FOMO. |
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While trading, you need to understand that the market does not respect any one either you are a whale or you trade with little capital.
Always look at the bigger chunks of the market and maintain a balance in trade.
I presume you mean nobody controls the market 🤔 If so, the whales play a great part in market movements. Its true that we need to maintain a balance in our trades, and I do so by setting stop limit, and increase the stop limits when I'm in profit progressively. |
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If it were me I'd invest in the coins of reputable exchanges instead of risking investing in new exchanges, the new exchanges could disappear at any time.
Well, your point is correct but it depends on the new exchanges. Exchanges like WAZIRX for example backed by Binance can't just disappear per say, so I think WRX won't be a bad idea even though I'm not interested in holding new exchange tokens. The fact that BNB, OKB, HT did pretty well doesn't guarantee that the new ones will follow suit. |
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This trading strategy of mine is all about waiting game, you will need lots of Patience to make good gains, lets go straight to the point.
If you have some money and you are looking into buying bitcoin, it's better to consider buying Bitcoin with half of what you can afford to lose and use the other half to buy stable coin.
List of few good stable coins I use or own
USDT
USDC
DAI
IF MARKET GOES GREEN
If market goes green you will still be making profit from your bitcoin that you are holding.
IF MARKET GOES RED
You will be able to multiple your Bitcoin by using your usdt or Dai to buy back more Bitcoin. It's simple as that, erase greed and focus on making profit from RED and GREEN Market.
Very good strategy, even though I've seen a similar post. Well I do same but I hold mainly USDT since there is more trading volume with USDT pairs compared to other stable coins. Presently I set low buy orders with USDT for two altcoins, hoping it picks. The good thing about holding stable coins when BTC drops in price is that you can buy more btc, it reflects by showing higher sats on one's portfolio. |
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Newbies have been warned several times not to leave coins on exchanges, my question today is about exchange security and I'm going to use binance as an example
1st Question: binance exchange and few top exchanges I've used has finger print scanner under security settings, I want to know if this can only safe me from people around me or also online hackers, both withdrawal and deposit requires my thumb print, how good is this ?
2nd Question: my second question is almost same thing as the first, which is 2FA, it's part of my security settings that login, deposit and withdrawal requires 2FA codes too, how tight is this from hackers? And of course people around me ? Thank you
Note: I'm not planning to leave my coins on exchanges, not that stupid but I'm a full time trader and I use binance so I just want to know
2FA will secure you from hackers and people around you, even though there is rumor that a group of hackers bypassed 2FA. The fingerprint scanner doesn't protect you from hackers but denies access from people around you to your device. If you must use 2FA please endeavor to keep the Authentication seed, this will enable you login from another device when you add it to your AUTHY or Google Authentication. I prefer AUTHY for some reasons, but everyone has his/her choice. If you can't access your 2FA, Binance will require you to do a video proof/verification and lock withdrawal on your account for sometime. Only use exchanges when you need to trade, not as personal wallet. |
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My sister wants to invest into this project: https://www.dxrcointrade.com/ but for me it looks like a scam... can you guys help me get redflags? what you guys think? There is nothing cool about the site, it's not a real project with genuine aim. I had to close the page asking me to accept cookies since I don't even trust the site. Please tell your sister to flee, she will definitely regret it if she invests in that garbage. Moreover, what sort of investment is that? No real team is behind the platform, hence its not even worthy to be called a project. |
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If you can control your emotions in trading, then you will excel. My experience as a trader was horrible from onset because I couldn't control my emotions, even after studying charts since I'm good with TA, I will still panic sell at dump. However, now I've grown pass that stage, hence I win at least 70% of my trades.
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In case you are late to this party and don’t yet know what staking is, staking is essentially the hoarding of cryptocurrencies. It's when individuals hold their crypto assets in wallets rather than using them for transactions. While this may sound counterintuitive, it appears to be the next step for crypto, and it is becoming increasingly more popular. Here is everything you need to know about staking and why it is becoming more popular: https://e-cryptonews.com/how-staking-is-the-next-step-in-crypto/ Are you staking your crypto assets? The most essential purpose for staking is to support the operations of a blockchain network, that is the more reason why you get rewarded for staking (or locking your coins for a given duration). In as much as POS coins are trending, I still do appreciate POW coins since both have pros and cons. When there is staking announcement for POS coins, it's now a price driver like what happened to COTI few months back. |
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Halving is finally over and many feels disappointed because they expected bullrun to kick instantly, well you can make gains from bear market too, here is my own advice, find way to be in between bull and bear by.
1. Hold part of your Bitcoin and
2. Buy Usdt with remaining half
So whatever the market situation turns out to be you will be there to take full advantage
Three days before halving, I decided to convert 40% of my entire portfolio to USDT to reduce risk of what comes after since there were many speculations of massive dump after halving. When the market corrected just before halving, I took advantage and bought BTC at 8.3k, it was really helpful hence this ideology works. |
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not permanent. provided the corona virus outbreak can be resolved immediately. but as we know that some countries affected by the corona outbreak began to recover and the people were able to work again. so I don't think this is permanent
The corona virus effect has reduced in crypto market, right now the effect is almost negligible compared to March. If things go back to normal, maybe after a medication or vaccine is created to eradicate this pandemic, we won't have any reason to fear uncertainty of what effect the pandemic will cause. Obviously it's not a permanent effect, but I believe the crypto market will do better if there are no pandemic tensions globally. Imagine people who lost their jobs due to the virus, selling off a reasonable part of their crypto holdings to take care of themselves. |
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I was terrified seen Blockburn go so down. After the airdrop they did they would have continued with development. Making sure the token is listed in strong exchanges with good volume. I am yet to see a reason for the bounty, it came too soon.
Was there ever any remarkable development for that project or just partnership announcements and speculations? That project started as a copy of BOMB, with deflation being their major project aim which makes no sense. Before they drifted to gaming, and then secured partnerships with their large telegram community. Some people just invest in projects for long term without doing proper research, I don't think I can fall prey to such a scam project at this stage. |
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I use binance exchange for trading and I came across margin trading and futures and options, can someone explain to me the difference? Which one is on par with binary trading that you only need to bet on price up or down? Thanks
If you are still in doubt on how leverage trading works, do not even venture into it in the first place. I thought I knew it all, when i made some money via leverage trading on Bitmex. I was liquidated (5600$)at one point which kept me in the hospital for a whole day. Even if you want to give it a shot, start small. Both futures and margin do not match with binary trading. Study about it well before delving it to avoid regrets. Risk management is vital here. |
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Holding stablecoin is the best strategy ever in crypto space, remember when Bitcoin drowned to 3500$? This is an example of good times to make good use of your usdt or other stable coins, you want to double your coins easily? Learn to hold stablecoin and wait for the right moment, that's bear market, bear market isn't always bad, it's most time a golden moment for those who hold stable coins.
The fact that you might get lucky holding stablecoins and the market dumps hugely, and then you buy coins cheap doesn't make you the best crypto trader. I agree with you that it's good to have a part of your portfolio in stablecoins, which I've been doing but at a point I feel the market is leaving me behind, then I enter BTC or ETH to ride the uptrend. This happened to me last week. Its never easy to just hold stablecoins, well a nice strategy 👌 |
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The most troubling thing about scam projects is that the developers keep updating their scam game. Nowadays investors are becoming wiser, but scammers check what's trending and fit in. A scam project can go as far as creating their own exchange, making it look legit with hype, then start running their token sale on the exchange before they take off with investors' funds. That is just an instance, we ought to double our research before making any investment.
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Here is my own investment advice but not to be taken very seriously because anything can happen in crypto space...
1. Bitcoin Gold
2. Bitcoin Diamond
3. Bitcoin Cash
4. Lightening Bitcoin
5. Bitcoin Private
I seriously can't hold any other bitcoin fork aside BCH, even though currently I'm not holding it for long term. I observed you mentioned mostly Bitcoin forks, the fact that a coin is forked from BTC doesn't mean it must be a long term project. Aside ETH which occupies a bulk of my portfolio, I'm holding LINK and a few other alts i consider gems. |
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Hello,
as the title say:
I´m searching for token platforms (like ethereum, nem, waves etc...) that offer to pay transfer fees with the token you´r actually try to send, other then with the platofrms "base currency" itself.
Are there any?
Best wishes
D
Your post is not clear but i believe you mean a wallet where you can pay fees with tokens and not the coin the tokens are built on its blockchain. For instance, sending ERC20 tokens out of Trust wallet requires ETH fees, you are looking for a wallet that can use the ERC20 token itself for gas fee and not ETH? (This is just an instance for clarification) I'll need a reply to this to better understand you. |
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If You Invest In This Project Please Dont Its totally scam the admin keep telling to buy coin when its cheap dont be fooled they will steal all your money and dump coin and run away.
This should be under scam accusations section. The very low trading volume might be due to the exchange it listed on, however if the admins keep saying buy buy its cheap, it doesn't showcase a reputable project. You ought to bring more convincing proof when labeling a project scam. Also if it's bot manipulation trading, the price will spike hard, so i doubt that. Note; this is my first time to come across this project (HUSTLE) , so definitely not a fan of it. |
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