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1  Economy / Trading Discussion / Re: Does trading belongs to everyone? on: May 19, 2024, 03:26:48 AM
Trading belongs to everyone, yes but only if they know how to trade properly.

Say for example, can everyone drive a car? No, because they don't even know how to switch gears or let alone turning on a car. That's why you need someone who can drive and can teach you. Similarly, you need to learn how to trade by going through Youtube videos or learning from friends.

Crypto trading is for everyone. And personally, I want more people to join in crypto and increase adoption, let's not give newbies hard time about it. Cos they know they'll have to learn to trade. They can ask questions in here and we are here to help if possible..
2  Other / Meta / Re: Should mods make a post to justify why they locked a thread? on: May 19, 2024, 03:12:56 AM
I know sometimes mods lock threads at their own discression, especially at boards where they are a local moderator. At least when s thread gets moved there's some forum notice being posted. But for locking a topic there's nothing to signify it was a moderator action.

I just think it would be a nice courtesy if mods would just add a post before locking a topic to justify why they felt it should be locked. It's good to put this info on the record for future reference. And also from what I understand, since the OP can unlock a topic locked by a mod, a post by the staff member that took the action would prevent misunderstandings.

A note would be fine by me, cos how can you find out what you did that made mods lock your thread? But nevertheless, if you know the rules of the forum, so in the first place, you wouldn't had that thread locked. Although you can find out the reason from your PMs, which is enough info to know.

Otherwise, you would DM mod and ask the reason, cos that is more communicative.
3  Economy / Trading Discussion / Re: Has Trading Competitions competitions led you to challenge your skills? on: May 18, 2024, 09:42:16 AM
When you don't know about trading at all, how can you even know how to cope with trading competition? You will probably just be like a novice who is handed a keyboard to play for the congregation. When I first heard about trading, although it was Forex trading, I thought it was just some simple thing I could do and make huge money with, but after I lost some money with it, I just realized that it's something you have to properly learn about the principles involved, learn about the tools to use, and learn how to develop your trading strategy. Trading is not so simple that you can know how to trade after engaging in competition. You even need trading knowledge to be able to join the competition. 

I guess I didn't include that I didn't engage with real funds in my post. actually when I was participating, I was in both demo copy & future trading in competition, these things enhanced my trading proficiency and efficiency and especially because it was more like challenge with trading competition. I know in general, there is demo trading, but what makes it interesting when there is no status of you being top 50 ? I find it more engaging when there's a leaderboard or ranking system to track progress. That's what I was trying to convey.

there are many ways to learn trading, and this was just one learning experience for me. Smiley
4  Economy / Trading Discussion / Has Trading Competitions competitions led you to challenge your skills? on: May 16, 2024, 11:49:55 AM
I think a lot of you traders can relate to me, ever since I joined this space in 2018, I have been struggling to make one trade or even a transaction. It doesn't matter if it was USDT p2p or anything.
I took so much time that I didn't even get to make profits that I hold but rather I lost a lot, But basically, it was my fault that I didn't really dig deep into it. Many of you are researching, checking project news, and familiarizing yourself with the charts. These three factors were not in my mind.
Years passed by, I learned to do much better than my newbie days. I gotta show my respect to all of the newbie traders here in the forum, cos I was in the same place as you and it didn't make me professional in an instant. It took me years to do what crypto traders would do to trade and make a profit

I have some friends that taught me how to trade much better, I am not sure if you guys were into trading competitions. I was partaking in some kind of annual trading competition called KCGI last year, that included demo trading & copy trading. That required my friends and me to create a team and we actually did some good trading volume in order to win rewards.
I learned that I would do demo trading and try my trades better, over time it was effective, as well as with copy trading.
There's a lot of trading competitions I joined in to get myself more into trading. I can't name them all but there was Bitget's KCGI, Binance Futures Tournament ,  WSOT by Bybit  Well of course, I didn't really care about rewards, but I once won something from Binance futures last year from doing futures copy trading.

If you guys really wanna get into them, then I think there'll be more crypto trading tournaments this year. You just have to be sensitive to announcements and have courage to participate ahah. Any experience about trading tournaments, let's hear your view.
5  Alternate cryptocurrencies / Altcoin Discussion / Have you been profiting from memecoins? on: May 14, 2024, 04:02:23 PM
So this isn't just a new topic but nowadays I see that on twitter, and discord, people have been profiting from memecoins, especially on solana and some other chains.

BONK, WIF, and MYRO are prime examples of highly traded memecoins that have generated profits for investors. What's interesting is the pattern, when a new memecoin launches or builds hype, it tends to trend across X, telegram and often gets listed on major exchanges.

I recently observed this with the $FUD memecoin on the SUI network. It surged over 70% upon listing on Bitget and MEXC. Their community was actively promoting it, so I took advantage of a dip and bought some $FUD. I don't typically hold memecoins long-term, so I set a price target and monitor its performance.

I think the main game starts once you understand the strategy and plan. If you really want to make some profit with meme coins, find them on Coingecko and research. Now I'm not advising you all to do the same as me but I'm just sharing what I do when investing in meme coins.
6  Alternate cryptocurrencies / Altcoin Discussion / Can iMe Lab Make Crypto on Telegram Mainstream? on: May 11, 2024, 02:19:53 PM
You guys probably know that Telegram is the go-to platform for crypto-related stuff, but one key feature it's missing is a full-fledged wallet. I know there's already a built-in wallet, but it requires KYC and only supports three assets – USDT, BTC, and TON.

But their own iME Lab app that enables you to transfer any asset across 8+ supported chains. The default chain is BNB since their LIME token is on the BSC network. They've basically integrated Binance functionality into the ecosystem. And since the app is built with the Telegram API, your privacy remains intact. Plus, you can customize it just like Telegram. Essentially, it's Telegram but with full wallet access, you can even send crypto to your contacts who also use the app.

Speaking of their token, it fuels the whole ecosystem. You can use it for premium features, governance, and even gas fees for transactions. The project has already attracted most trading platforms such as Bitget, Uniswap, and MEXC, which is pretty impressive.

I haven't seen any other developers try something like this with Telegram. The idea of having full wallet access within Telegram and being able to send crypto to friends is pretty cool. What do you guys think? Is this a project with potential?
7  Economy / Marketplace / What's Causing The Decline In Web Traffic Of Most CEX Exchanges? on: May 09, 2024, 06:02:41 PM
Hey guys, I am pretty sure most people here trade BTC/ETH in CEX.. Many CEXs assure users about their funds by emphasizing strong security measures, a clean Proof of Reserves (PoR) record, and well-funded user protection programs.

Now I'm not completely saying that CEX is dead or something but a recent report from SimilarWeb shows that in April, some of the exchanges like Binance, coinbase, bybit and more, all seeing double-digit percentage decreases. But interestingly, Bitget and Gateio seem to be bucking the trend with increased traffic, particularly the former with an 11% surge.
https://twitter.com/ICO_Analytics/status/1788212200357650655
It would be interesting to hear your thoughts on this. Are you seeing a similar trend in your use of exchanges? Do you believe CEXs can reverse this decline in web traffic?
8  Local / Nigeria (Naija) / Re: OKX has stopped its p2p service for Nigerian customers on: May 06, 2024, 02:00:43 AM
If you are an OKX user here, you must have found out by now that you can no longer trade crypto for Naira in that platform. E be like say our government don secretly warn this platform and told them to stop offering trading in Naira for Nigerians. First it was Binance, now it is OKX, i dey believe say very soon trading in Naira in centralized exchanges no go dey possible again.

E be like say the fight against crypto by our government no go stop anytime soon, so e better make everybody begin protect themselves and their funds, they might start blocking bank accounts at the slightest suspicion of any involvement in crypto transactions.

It's sad to see this happening in Nigeria. The government is fighting a losing battle by attacking crypto instead of embracing it. I'm so glad Bitget P2P is still available for Nigerians. I've been using it without any problems, and the merchants are much better than those on Binance or OKX. Even if you do face an issue, their support is quick to help. Plus, you get better rates imo.
9  Alternate cryptocurrencies / Altcoin Discussion / Re: Are you taking advantage of this red market? on: May 03, 2024, 10:36:07 AM
I am also currently trading some BTC and ETH in a trade to mine event on Bitget to earn some BGB rewards.
I think this is your main concern but still, a good thread though about it because it's timely. Those that forget to take advantage of this time.
You have to get into the market while it's down because it won't take long until it recovers. I'm not expecting a quick skyrocket but recovery won't be that long.
That was timely, yes. I believe people shouldn't miss out on btc dips while checking out threads on the forum haha Roll Eyes I hope it dips again so I could buy more, and as you may wanna know I am still trading btc and eth for this event as well.

I purchased Bitcoin at a low point around 58k and am now waiting for it to break through 61k, at which point I expect a rally up to 65-66k, based on my technical analysis. While it's always a good time to buy BTC, I anticipate a brief pullback or liquidity grab around 50k before a sustained move upward. In the meantime, participating in passive events can be a viable approach. Is this the event?

Yeah, this is the event I was mentioning earlier. I felt like it's an opportunity, along with the Bitcoin and ETH dips. Not to mention, you earn BGB for it. But yeah, I don't know if BTC can reach 50K again since that might take a long time in my opinion. However, if the news we're getting is really bad, I think we'll get there and can take advantage of the opportunity. It doesn't matter how low it goes – a dip is a dip.
10  Alternate cryptocurrencies / Altcoin Discussion / Re: Are you taking advantage of this red market? on: May 03, 2024, 10:00:02 AM
There is no good investor that has the money to buy this current dip that won't take any advantage of it. The way I see it I believe the dip just got started. Actually, I was expecting bitcoin to drop to 45k when the halving started but it didn't. It took a week before we started seing this low price of bitcoin.

Heopefully i am still expecting the price to dip down to the 45k margin were i will now buy aggressively and add to the little i have already bought through DCA. Its a perfect time to buy just like any other time in the market.
Thankfully, I got the dip during the 57K price range. I bought the dip with whatever I had, and guess what? BTC has gotten back to 59K, aiming to reach the 60K price range. It won't take long to go even higher. Isn't it kinda unrealistic to have expected a drop to 45K? I mean, everyone knows what BTC is, and I'm sure a lot of people were jumping into the market to buy at this rate. I do like your patience though, not everyone has that kind.

True this is a buy dip now don't do it later instead it will be bullish because we never know, but unfortunately don't have USDT reserves to buy again but I will wait for the moment of decline again even though I have previously bought the price above from now on, this is not regret but the fiat reserves have been used up for other purposes.

At least I want to accumulate ETH a little bit because it is much more prospective than other altcoins, maybe some altcoins can be more than 10x after bullish but I think ETH will be better in its increase later.
I believe anyone should accumulate ETH before it goes high again. Not everyone has USDT since that's situation of yours.. I could sell some of my alts easily for BTC/ETH and wait for profits to come in.
11  Alternate cryptocurrencies / Altcoin Discussion / Are you taking advantage of this red market? on: May 01, 2024, 03:22:16 PM
Well recently the market is in a bad mood. and I'm sure many of us are wondering why.  While there's no single answer, recent news suggests factors like Hong Kong ETF disappointments and the Fed's interest rate decisions are influencing Bitcoin's downward trend.

As we know, altcoins often follow Bitcoin's lead. This dip in BTC has also dragged down Ethereum and others, potentially creating excellent buying opportunities for those who might have hesitated before.

I know you guys will be asking me, why is this post when time's going out? To answer you, I'm already taking the dip. It's a good thing that some exchanges even started events, I am also currently trading some BTC and ETH in a trade to mine event on Bitget to earn some BGB rewards.

Well people might want to know that you guys think this is a perfect opportunity now to load up on BTC and ETH? I think people should take this as the perfect time to buy the dip while the dip exists now.
12  Alternate cryptocurrencies / Altcoin Discussion / What do you think of Predict to Earn Model? on: April 27, 2024, 10:41:20 AM
Probably you guys know that P2E/M2E and others have faded away in continuous hype.. It's not the same thing anymore or whatever you wanna call it.. People used to earn a lot of money through these models and the reward has been low and still on that way.. I think if we look at other concept like Predict to Earn. It may live up to its own hype and never die, because why? you're getting rewarded by staking and predicting movement of crypto price.

Similiarly I noticed Green Bitcoin has come up with this concept of Predict to Earn and also an unique mechanic called Gamified Green Staking. It's built on Ethereum Blockchain, since it aims to be a greener alternative to Bitcoin. Their $GBTC token has been in a presale that concluded with a remarkable $9.5 million raised from investors, then it went live on Uniswap first and then eventually it got listed on Bitget.
The whole thing is you stake your own $GBTC tokens, to earn up to 125% APY rewards and with that along, you make your predictions about the price of Bitcoin. Once you get a successful prediction, you might end up earning rewards with high yields.

Now you may feel that the project might not be worth it so that's why DYOR is important for you to do. I feel like they can pull this off with this concept.. So what do you think?
13  Alternate cryptocurrencies / Altcoin Discussion / Are you restaking wBTC right now? on: April 25, 2024, 09:11:50 PM
Well so, as of now, BTC is at 63K and I know that it'll stop going down at some point, so I was wondering if any of you are restaking wBTC right now?

I know that BTC doesn't have a staking mechanism. So there is wrapped bitcoin that makes it easier to stake and etc
I can see some projects like Bouncebit offering a restake for the wBTC, first you deposit wBTC and you get BBTC in return. This BBTC can then be staked to earn rewards, or utilized in a variety of DeFi activities across different networks.
Interestingly, BounceBit also uses a dual-token system with its native token, BB, which plays a role in securing the network and potentially offering additional benefits. The project is relatively new and the token is not listed yet on exchanges.

But anyways this is really cool once you start to farm your yield from your BTC. You will feel that's making you reap more benefits from your BTC. So are you actually utilizing the potential of your Bitcoin holdings in this way?
14  Alternate cryptocurrencies / Altcoin Discussion / Web3 Is Getting Stronger? on: April 23, 2024, 10:18:59 AM
Okay title is just a question on how I think web3 is getting stronger. Nowadays people don't even value those web3 projects, always in for the gains instead of helping the team going ahead on web3 path..

It came to my mind that web3 can actually grow stronger... I am sure you must have heard, entertainment, NFTs, games were made easier to access thanks to web3.. Now to make it even easier for beginners, Playbux project is bringing their stuff to onboard new users and bringing a whole new level of web3 entertainment..

It's not just entertainment they're gonna be doing. A lot of stuff being pushed with their usecases, such as the Shop-To-Earn model that lets you earn their native token, $PBUX in cashback while shopping in their web3 app. And speaking of token, it has already attracted the attention of major cex listings such as Bitget, Kucoin and more. Plus, they've seriously stacked up on partnerships. We're talking Binance Labs, Visa, and a whole bunch of other major players in the Web3 space.

i am pretty surprised how many things can be done with a project like this, what do you think of web3 going stronger and better?
15  Alternate cryptocurrencies / Altcoin Discussion / Re: How much interest do you earn from your USDT? on: April 22, 2024, 04:39:01 AM
The way I stake my USDT might not be as easy as doing it on a centralized exchange but the ROI are much greater.
There are a few platforms with a bit difference on them. The One I use and currently providing good ROI is interport that provide a huge interest over 80% per year for USDT on some network, but the catch they have is there's a 90 days vesting period before the interest you withdraw is useable. That is you can withdraw your deposit, increase or decrease anytime but the interest needs to wait 90 days (1/3 year) to get to your wallet. It's still a good interest rate effectively above 50%.

Well, it doesn't matter how many days you stake. I think flexible staking is a great option nevertheless, cos you get to unlock it and redeem your rewards anytime. That kind of flexibility is hard to beat, especially if you might need your funds unexpectedly.

Instead of USDT, Convert it with Binance FDUSD when the price is below the 1$ pegged price and stake it on launchpool that provides 100% to 200% APY interest which is greater than the USDT flexible staking on Binance.

You can earn more on FDUSD staking compared to USDT while they are still both stablecoins which is safe to store your assets. This is what I’m doing for past few weeks since the correction in the crypto market started. Launchpool is very profitable and safe at the same time to farm passive income.

I never thought about it going that way, I'll see this once I'm at my home, and actually I don't use USDT for launchpool, usually because USDT is just a 2nd option in that way, I use BGB since they bring out more tokens in this pool.
16  Alternate cryptocurrencies / Altcoin Discussion / How much interest do you earn from your USDT? on: April 20, 2024, 01:21:54 PM
Well asking this question cos I wanted to see how many of you do stake your USDT. I have seen my friends earning lots of interest from their USDT holdings. So I also wanted to stake some USDT to earn some interest since it's sitting on my wallet doing nothing. I checked a few cexs that offer USDT saving option or other options that offer interests.

So I was seeing that Binance offering 2.85% APR on their flexible staking product, which translates to roughly $0.0781 daily for a 1k USDT stake. But some other exchanges like Bitget and Bybit offer tiered flexible staking rates that can potentially yield higher returns. For example, Bitget offers rates ranging from 3.70% to 8.70% APR depending on the staked amount and with 1K staked, it's like 0.169$ daily, and Bybit offers a flat rate of 2.13% to 7.12% APR also depending on staked amount, so with 1K staked, it's like 0.126 USDT daily.

Now I want to know what's gonna be best. I know Binance has lower interest but i'm still torn between these. So I wanna know y'all thoughts.
17  Alternate cryptocurrencies / Altcoin Discussion / Where do you see NFTs heading in the future? on: April 19, 2024, 11:01:07 AM
NFT has come a long way, some think NFTs are dead, but again some think NFTs is heading in a way that keeps them alive, I feel that second one is the most reasonable thing.

It's not like NFTs are dead.. I know that some of you hate NFTs for them being too stupid. I agree that low quality NFTs shouldn't be listed as high price. Like what do you see in a stupid monkey art disguised as NFT haha..
Well moving on... I believe NFT can be good for artists, or example, I created a Photoshop piece featuring a house surrounded by haze and considered turning it into an NFT. Unfortunately, the fees on platforms like OpenSea and also Ethereum fees are quite high lol.

One of my friends suggested that Rarible is best for minting NFT since it's good and not expensive at least what I have seen. He just said "Get some matic for fees, open rarible and create a collection then mint the nft". Of course I checked it out, and it's not bad either. I saw that using their RARI native token has more advantages in their platform, since they incentivize buyers and sellers using their token on platform. I've also noticed on CMC that RARI listed on rapidly growing exchanges like Bitget and MEXC.

I think there's a market for selling photoshopped art or handmade arts, potentially at high prices. There will always be someone who appreciates your work. I do believe that NFTs aren't done yet – what are your thoughts?
18  Alternate cryptocurrencies / Altcoin Discussion / Re: The claim of OMNI airdrop is today! what do you think? on: April 18, 2024, 02:57:08 AM
They were a bit too tight with the EigenLayer staker eligibility that it became some sort of shitshow on Twitter. I had 2 ETH staked for a good while but for some reason ended up being ineligible lmao; I expected to be eligible with a small amount. Take note that 2 ETH is a good $6000; and if that's not enough, then they definitely made the eligibility too high.
Seriously? 2 ETH? That's crazy man.
Honestly, even the price of OMNI feels a bit high right now. I heard some people got like 13 or more OMNI earlier. Are you thinking of buying any before the halving? Since it's taken a hit, it might be a good time to get in.
19  Alternate cryptocurrencies / Altcoin Discussion / The claim of OMNI airdrop is today! what do you think? on: April 17, 2024, 10:47:40 AM
I'm sure most of you know this project considering it's been around since 2021 and was founded by Harvard graduates. The Omni team was working on the project throughout 2022 and possibly late 2021, with development intensifying as they secured $18 million in funding, backed by well-known VCs in the industry.

Many early testnet users participated in building the OMNI network and its blockchain to bring true interoperability to Ethereum's rollup ecosystem. This could be a game-changer for developers and users alike.

Today, the team announced that the OMNI token airdrop claiming period starts at 7 AM EST. Most of the eligible users are early testnet users, builders, and key participants within the Omni community. The rest are EigenLayer Restakers, Milady Maker & Redacted Remilio Babies NFT holders, and a few others, including additional NFT holders and protocols.

Binance also announced this as its 52nd launchpool project, and a few other exchanges like Bitget are hosting a candy bomb event due to the hype surrounding the project. Listing will occur one hour after claiming.
If you were one of those NFT holders or testnet users, you're lucky to be receiving some airdrops. Now the question is: are you going to keep them or sell them?
I think it could be a scenario where people sell early and regret it later.
20  Alternate cryptocurrencies / Altcoin Discussion / Re: What are the blockchain projects you're investing in? on: April 17, 2024, 03:52:51 AM

the TPS numbers are always going to be used to hype the project.

MASSA hasn't been developed nor listed in any market. If you are interested in L1 such as Polygon then maybe you will also be interested in TON. it's the same thing that you like and it has more advantages versus the rest of the smart contract platforms because this TON has huge users. the development of TON has already been aggressive, they even have a few memecoins already just like the Solana.

MAS is already listed on Bitget and MEXC mate. Give a search on Google, you'll find it bud.
By the way I also have been participating in TON blockchain due to notcoin and few projects there like GRAM, I'm not sure if you have heard them but yeah that blockchain is promising one now. Funnily enough someone roasted me for comparing it to Solana, cuz it was not realistic. But I think we might able to beat Solana in future. Who knows?
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