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Alternate cryptocurrencies / Altcoin Discussion / Re: Couple of questions for GameFI projects
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on: September 25, 2023, 09:47:31 PM
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I think the corona virus boost axie infinity game and token value then. Because most people are at home and one of the easiest way to earn from home is to play this game. So, it became popular. I cant say its dead cos its once the most popular GameFi on Blockchain or lets say the first and no one can predict where the price is going cos there might be some great development going on which we don't know.
I still buy gamefi tokens though, But the ones with lowcaps like Mcade which is Listed on Bitget and Uniswap. But i invest the amount I can afford to give out.
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4
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Alternate cryptocurrencies / Altcoin Discussion / Re: Where do the swapped tokens/coins go?
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on: September 25, 2023, 08:10:29 PM
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When you swap BNB to usdt, you add BNB to the liquidity of BNB/USDT. Then you remove usdt to your wallet. So, this will reduce the value of BNB a bit cos the Liquidity pool must be balanced.
But for Bitcoin, Lemme say millions of people are buying and selling bitcoin daily. If you see the trading volume, you will know. So, there is always enough buy orders for sell orders.
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5
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Other / Off-topic / Re: Best comedy movies?
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on: September 23, 2023, 12:34:46 AM
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I need some movie that can entertain me in these summer vacations...
i would appreciate if they make me laugh..
Have u seen lets be cops? |
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7
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Alternate cryptocurrencies / Altcoin Discussion / Re: Have you gained anything after the end of bull run?
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on: September 22, 2023, 12:02:34 AM
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Last bull run was 2021 and after that, altcoins price dumped a lot. In 2022, we noticed a little pump and in this year 2023, altcoins pumped a lot, if compare altcoins price chart after end of bull run. So have you able to gained anything after the end of last bull run? Or last bull run makes you dumped and you are still trying to regain what you have lost?
Honestly, what i gain is brain. Lol. Hopefully, I will be financially free in the next bull run. Im working on building and starting with joining a bitget builder program ahead of the next bull run as im gonna be getting rewards from them and more opportunities to have some coins before the next bull run. |
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8
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Economy / Trading Discussion / Re: Stop loss
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on: September 21, 2023, 11:56:20 PM
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I had some scenarios of my stop loss being pushed down a little bit incurring me more loss what could be the possibilities.
Seems you set it like that. Or maybe that depends on the trading tool you are using. Cos ive not seen where stoploss can go down or be pushed down without your authority |
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12
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Alternate cryptocurrencies / Altcoin Discussion / Re: You need to know your rank on Layer zero ?
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on: September 18, 2023, 12:52:10 AM
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I am totally new to this. What will happen knowing my rank in layer zero? How much is this site trusted? Is it right to expose our wallet here? Every day we hear about some kind of hack. So we must be careful. Its just to scan your wallet to know the number of transactions you've made on the layer zero blockchain. This is mostly for thier Future token airdrop eligibility sake. |
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15
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Economy / Trading Discussion / Re: Seeking Passive income offer with low risk
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on: September 06, 2023, 07:00:50 PM
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If you want passive income, I recommend staking your funds. I believe now is a fantastic moment to stake because cryptocurrency prices are too low. Staking is superior to investing since you can earn more tokens while keeping your assets. If you acquire Bitcoin or altcoins today, you can profit more when the price rises. In my perspective, we are already in a bull market. However, because we are in the retracement phase, it is not too late to buy; we only need to figure out what the potential swing point is before the price continues to rise.
Apart from staking, there are also different ways to generate passive income in a bear market. These include DeFi lending, yield farming on DEX/CEX, etc. However, if the OP wants a lower-risk option with capital protection, then he/she can consider this : https://www.bitget.com/earning/snowball |
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Bitcoin / Bitcoin Discussion / Re: How SEC ETF Adjustment News Can Affect Your Crypto Investments Not Just Bitcoin
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on: September 02, 2023, 12:24:28 PM
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Sometimes, Bitcoin rises, altcoin falls that is painful for newbies who believe altcoins will help them rich. One more painful experience is whenever Bitcoin falls, altcoins fall dramatically deeper than Bitcoin. If Bitcoin falls 3%, altcoins mostly fall 10% or 15%. I have one topic about it too. Most newbies believe Altcoins will Make them rich truly. But not only them. And this is because bitcoin marketcap and price looks too big for them while they know that bitcoin is for long term. So not only newbies are investing in some coins to make them get quick money. I think |
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Economy / Trading Discussion / Re: newbie with newbie questions
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on: August 28, 2023, 09:33:24 PM
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So, I was wondering how you do trading?
1. Which exchanges you use and why?
2. Proces... so first you screen the coins, how? You get signals from somewhere? Where? Telegram groups? Is it reliable? You pay? After screening the coins then proceed to technical analysis or chart analysis? You do daily trading, scalping, swing... what is your method and why?
Thanks for answers.
Hello, to choose an exchange, you'll need one with low fees and ample liquidity, plus access to a good variety of coins to trade. Bitget fulfills these criteria for me but sometime I also explore other top 5 centralized exchange particularly if the coin I want to trade isn't available on my preferred exchange. As for the second question, I check the volume profile of coins within the past 24 hours. Then, I proceed to Coingecko/CMC to see if there's any news related to the one that gets my interest. I'm more of a daily trader because I don't have the patience for swings, ahah. Therefore, I use the 1-hour to 15-minute timeframe for analysis. P.S. Relying on signals can slow your development as a trader. Remember to DYOR. Exchanges play a vital role in deciding the level of success a trader reaches, so it's important to be selective and be clear on the criteria they must meet for you. I understand your chioce of exchange since they meet your criteria, interestingly I found this event ongoing on the exchange, https://www.bgportable.com/en/events/kcgi/spot?teamId=1409&uuid=8481325457&clacCode=TXHH78Y7 KCGI trading competition one of the top trading competitions in 2023 Yeah, exchanges plays vital role in trader's success particularly ensuring healthy liquidity for better trading experience. BTW is that your current team or are you joining the team? |
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Economy / Trading Discussion / Re: Scalping
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on: August 28, 2023, 07:07:48 PM
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Who tends to lose easily? The ones with leverage or the ones with scalping?
Scalping lose more in my opinion But leverage traders liquidate while scalpers dont. Anyways its your opinion. |
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