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1  Alternate cryptocurrencies / Altcoin Discussion / Re: Shopping time guys. Fill your bags now. on: July 28, 2021, 01:24:52 PM
today is the time to buy altcoins where there are quite deep price drops such as xrp, xlm, and many more, and you can also try to doge ,maybe  elon will chirping again and make doge really 1$,
but not the best advice from me, all investment decisions go back to the decisions of each party

In general, I agree with you. Although we do not know what price movement awaits us further, it seems to me that the bottom is already close, and now is a very good moment to enter the market.
Many funds have bought bitcoin at 31,000, so they will buy more if the price falls.



And here we are. A healthy recovery I would say. Staying around $40k for a little while shows that we most likely might establish a new base level here. As some have forecasted that we might be hitting $20k, I think we are miles and miles away from there. To me it is more likely that we are soon going to see $50k than $20k or even $30k. Even the little dip yesterday from $40k to $36k was defended very well.
2  Alternate cryptocurrencies / Altcoin Discussion / Re: Passive income on: July 28, 2021, 01:02:22 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

Staking Cake is good but does not pour your capital on one coin alone, there are a lot of ways to earn passive income and there is stable Farm sites worthy to look at be careful on new farm sites so many of these are doing rug pull, investing in the top coin, and hodling it, is also highly recommended, this is the best time to buy new upcoming projects with good potential like DPET and Binamon, they are gaming sites very much similar to Axie.

But I wonder is farming really worth it? Or providing liquidity? Isn't it quite dangerous to ultimately lose money because the staked coins or the coins you use for farming get dumped and decrease in value anyway?
That's value of researching and continuing to follow latest news with the project that you are participating. It's a must to know first what kind of asset you are staking your money before jumping into it and invest.

I like the ideas of finding those new projects who are offering usages coin like axie infinity which serves as very profitable in its hot season, finding those same kind of projects who also have good potentials will allow your money to work for you.

Dedicate your time is also important in quest to find the right valuable assets that will make your journey very successful.

Ok but still the biggest risk is if the underlying that you are staking drops significantly in value. That can happen anytime theoretically. Are you staking or farming coins and locking them even for several months thereby increasing your volatility exposure or are you preferring shorter periods of time?

That's correct, if you decide to stake coins or contribute them to farms you definitely are exposed to the risk of price declines or liquidity shortages leading to prices that can cause you disadvantages. Generally though staking is a great possibility to create passive income, but I would stick with strong coins that are known for not dying overnight.

That is why I am really hesitant to stake my coins even for a couple of weeks as we know how quick things can turn around and crash hard. You don't want to have your coins staked unless it is a coin that you really know well and trust in its recovery. Having your coins stuck can mean huge opportunity cost. That really must be considered when doing your calculations for rewards from staking your coins.
3  Alternate cryptocurrencies / Altcoin Discussion / Re: How about the future of the market? on: July 28, 2021, 12:59:32 PM
Hello,
Currency prices are falling, but Is this decline continuing? What is the main problem?
Is it true that NFTs are the future of the cryptocurrencies?

Any idea welcomed.


Thank you.

You are right that now capitals flow from normal useful altcoins to different popular, but not very valuable, to my mind, meme coins and NFT of different games. Nevertheless, I strongly believe that digital art and gaming are not the limit of Non-fungible tokens. We can tokenize physical assets, documents, rights. So, in my point of view NFT is really a future, but in another form than we see now.

Not sure if money is really flowing around the way you describe it. I rather think that more and more money is entering the crypto markets as a whole, with some of it also going into NFTs. As for NFTs I very often read its connection to games, but there are far more applications for NFTs than just games. Beyond that I think we will see a wave of innovative products even over the course of the next 12 months.
4  Alternate cryptocurrencies / Altcoin Discussion / Re: Is USDT Tether safe? on: July 28, 2021, 12:57:38 PM
Since they never had a real audit i do not think it is safe and would stay clear from it as much as possible.
Is there an institution that deserves to audit tether.to? I don't know if any institution has the right to audit a crypto project. By the way, even a project is audited, I am not sure the team will publish the detail to the public. You must contact the team privately if you are really curious about the audit. FYI, for me, as long as it is one of the top crypto coins, it will be quite safe although no audit announcement on the site.



That is a big problem in my opinion. A product like Tether and the company behind it should be obliged to frequently provide a full audit report about the reserves that are supposed to back USDT 1 to 1. We are not talking about a stable currency that is handling a few million USD volume per day. We are talking about a massive product/market that could cause enormous harm to the whole industry if something goes wrong or if mistrust arises. I have no idea whether there is really a dollar for every single Tether.
5  Alternate cryptocurrencies / Altcoin Discussion / Re: Number of altcoins keep increasing! on: July 28, 2021, 12:55:04 PM
Currently there are many Altcoins and each has a different program from the various products provided such as wallets, financial systems, security systems and others. If you look at it, it might be very confusing for us to choose the best Altcoin to invest in, and maybe we can see from the leading sponsors behind the scenes to be able to see the advantages of the products offered by these Altcoins. I think we have to see whether the opportunities offered by the Altcoins program are good or not to be able to see future developments, and this choice is very difficult because it can lead to scam projects and to overcome them it is very necessary to share information with friends. following Altcoin investment.

I wouldn't go with too many different alt coins unless they are based on Ethereum or Binance Smart Chain. Then you can at least use metamask wallet, which is very practical with the option to switch back and forth between the networks. As for the different products you are mentioning, there are more copycats out there than genuinely coded features into newly launched coins. Most of those coins don't bring anything new to the table at all despite a different maximum supply... Cheesy
6  Alternate cryptocurrencies / Altcoin Discussion / Re: Number of altcoins keep increasing! on: July 27, 2021, 11:48:40 AM
If we start from the last bullrun (2017), we know that only 3000 coins exist and now we have more than 11k altcoins. Every month we are getting 210 and every day almost 7 altcoins are available as a coinmarketcap chart. Personally, I think we don't need as many new projects. Proper one project could be enough for most cases, like Binance.
Most of the projects do not have a good future, only a few of them really are serious about developing the projects with a capable team. The reason why we have a lot of altcoins is that the scammers are playing with the market, they want to make easy money as there are still people who can easily be deceived by a high promise, if we learn and become more educated, these scammers will not anymore waste their time with their scam attempt.

Right, most of the projects aren't much more than a fancy white paper. They all claim to be the next Bitcoin or to change the whole world, but most of them can hardly get their main net up and running. Yet they manage to raise money based on their white paper. The worst is that even the white papers are sometimes plain copies from other projects. That phenomenon will stay with us and in a few years from now we might have 100,000 cryptocurrencies with 99% of them being worthless.
7  Alternate cryptocurrencies / Altcoin Discussion / Re: Is USDT Tether safe? on: July 27, 2021, 11:46:21 AM
Why USDT IS SAFE, USDT is backed up by UNITED STATE DOLLAR (USD) it is a stable Crypto currency it had fully transparency
Are you sure about this? Is USDT really backed by USD? And Is it fully transparent?
I am not sure about this because I even don't get valid information about its transparency and USD backup. However, I don't against USDT, but I am just curious about it. You should enclose the proof such as an article or statement from developers related to the matter. So far, I trust USDT because it is used by most crypto users and be the top 10 crypto coins. And USDT is also covered by trusted teams.



I have no idea whether this ever changed but as far as I can remember there have never been official reports about the fiat currency reserves that are supposed to back USD Tether in real banks. I think they were once forced to conduct a full audit, but I am not sure if they were obliged to publish the report. Anyway, Tether isn't risk free given the fact that they have stored their money in real banks and they claim that for ever USDT out there, there is also a dollar in a bank. Who knows whether that is true or not. I can't verify it and others can't either.
8  Alternate cryptocurrencies / Altcoin Discussion / Re: How can prediction results affect the actual market? on: July 27, 2021, 11:42:01 AM
Forecasting tools may have value when you are trying to predict the weather (and even there they are more often than not quite bad depending on the time horizon of course), but in markets forecasting tools are problematic as they never catch the critical outliers that can destroy your investment totally. The reason it sometimes works is because everyone uses the same tools and they function like a sort of shelling point then. That sets free a herd movement towards that new price point. The question then becomes who chooses the smartest spot to sell before everyone else takes the opportunity.
This is not wrong, I have used many trading tools before but they are all the same, if it works this time does not mean it will work next time, the failure is that the bigger the loss. The best is to go for good coins like bitcoin, ethereum and binance coin when the price has decreased already, they all follow the price of bitcoin, wait for the price to decrease and buy. If the price has increasesld then sell, this is working for me.

Yes, if you go for the bigger market cap coins with a positive history, outliers aren't a problem. Those coins can of course also drop in price sharply, but they will return back to normal. That might be very different for low market cap coins that after dropping sharply in value just die subsequently or don't recover fully ever.
9  Alternate cryptocurrencies / Altcoin Discussion / Re: How about the future of the market? on: July 27, 2021, 11:40:11 AM
I've been here properly since the Bitcoin bull run started from 4-5k USD. We should invest now at any top volume altcoins and only NFT won't be cryptocurrency future. Now we know it's the best investment time for crypto, but we couldn't invest without this correction. The crypto market correction is always good for us. Actually, we shouldn't predict about the crypto after a few months.
Why won't NFT be the cryptocurrency of the future? try to give reasons and descriptions about it, because some people have mentioned that NFT is the cryptocurrency of the future, because currently NFT is still in a good development stage and one NFT project has also been successful at this time, namely Voltnft.

Because non-fungible tokens can't act as a currency at scale. NFT is a niche on its own that will prove valuable in all sorts of areas, but it will still have the character of a collectible or an equity title or something similar. Currency needs to be fungible in order for it to work at scale.
10  Alternate cryptocurrencies / Altcoin Discussion / Re: Passive income on: July 27, 2021, 11:37:13 AM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

Staking Cake is good but does not pour your capital on one coin alone, there are a lot of ways to earn passive income and there is stable Farm sites worthy to look at be careful on new farm sites so many of these are doing rug pull, investing in the top coin, and hodling it, is also highly recommended, this is the best time to buy new upcoming projects with good potential like DPET and Binamon, they are gaming sites very much similar to Axie.

But I wonder is farming really worth it? Or providing liquidity? Isn't it quite dangerous to ultimately lose money because the staked coins or the coins you use for farming get dumped and decrease in value anyway?
That's value of researching and continuing to follow latest news with the project that you are participating. It's a must to know first what kind of asset you are staking your money before jumping into it and invest.

I like the ideas of finding those new projects who are offering usages coin like axie infinity which serves as very profitable in its hot season, finding those same kind of projects who also have good potentials will allow your money to work for you.

Dedicate your time is also important in quest to find the right valuable assets that will make your journey very successful.

Ok but still the biggest risk is if the underlying that you are staking drops significantly in value. That can happen anytime theoretically. Are you staking or farming coins and locking them even for several months thereby increasing your volatility exposure or are you preferring shorter periods of time?
11  Alternate cryptocurrencies / Altcoin Discussion / Re: Shopping time guys. Fill your bags now. on: July 27, 2021, 11:35:51 AM
What tokens or coins are you going to buy during the dip. Everytime I want to buy, I feel like let's wait price may go further down Cheesy what is the right price to buy?
You can't ask other people about it because everyone has their own set of prices and you should also do the same. start to do your own research so you don't feel hesitant in buying because this is very important for your continuation here.
if you continue to stand idly by to others you will not be able to get maximum benefits because other people's thoughts and your thoughts are certainly different.
study the market little by little do research carefully although still learning it's okay because the longer you try to eat the faster you understand and later you don't have to wait for someone else to do something

There are also all those different conditions involved. Others might have more or less money than you. Some may have more risk appetite while others are more cautious and there are dozens of other factors why it doesn't make sense to ask for advice elsewhere instead of considering your own situation carefully and make decisions accordingly.
12  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum or Binance Chain (BNB)? on: July 25, 2021, 04:39:38 PM
I personally would prefer Ethereum, because :
1. Ethereum is more experienced than BNB
2. more people trust to invest in Ethereum than BNB
3. Ethereum price increase is higher than BNB
4. more projects use Ethereum than BNB
5. Ethereum ranks 2nd on coinmarketcap while BNB ranks 4th on coinmarketcap
6. many people agree that Ethereum is the king of Altcoin

that's my reason why I prefer Ethereum rather than BNB at this time.

You've forgot to mention that Ethereum is decentralized, whereas BNB is utterly centralized. The latter blockchain sacrifices decentralization/censorship-resistance for convenience/ease-of-use. Most people don't care about decentralization these days, so they'll go with Binance Chain anytime. It's a pity considering that this defeats the whole purpose of crypto.

At least, decentralized cryptocurrencies won't be going anywhere. Ethereum will still be the "King of Altcoins" because no other blockchain can compete with it in terms of security and reliability (besides Bitcoin). This is the reason why most developers build their projects on Ethereum instead of Binance Chain. As long as this is the case, BNB will remain behind ETH in terms of market cap for a very long time. Just my thoughts Grin

Maybe "utterly" centralized is a tiny little bit of an exaggeration as they do have 21 validators. What I don't know though is how the geolocation of those validators is distributed and whether they also frequently change or are fixed (for a fixed period of time?)? I haven't been reading enough about it to tell whether collusion between validators could ever be a serious threat or whether there are any counter measures in place. 21 is still a very very low number compared to a decentralized network like Ethereum, but it is at least not a one man show as it is with real centralization.
13  Alternate cryptocurrencies / Altcoin Discussion / Re: How much of your total capital is in crypto? on: July 25, 2021, 04:36:04 PM
Short answer: too much of my capital! Tongue

Long answer: Everyday new opportunities pop up and it is hard to hold back and stick to the plan. Indeed you don't want to miss out on anything, all the DeFi stuff, the standard coins, the news you read and the papers you study. I probably have too much in crypto, but it is quite well spread out over all different types of coins, including a few gambles with a small part of my portfolio.
14  Alternate cryptocurrencies / Altcoin Discussion / Re: Shopping time guys. Fill your bags now. on: July 25, 2021, 04:31:45 PM
Bitcoin below 35K, Eth below 2.5K and Tron below 7 cents. I have been bagging coins below that level. Just added some tron today and buying Ethereum as much as my budget allows. I've been putting tron instantly on sell orders while ETH are going towards staking pool. Am lacking bitcoin as sold my last lot at 40K and waiting the price dip lower.

I have small Tron bag that i bought under 7 cents, may you suggest me how much selling price should i take ?
I have plan to convert my Tron bag to ETH actually, thankyou for your advice!

If anybody here now tells you a price target, would you just blindly trust that target? I think you probably (hopefully) made some considerations as to why you bought Trop in the first place. What was the goal you set back then and why did you set it? Sure it is possible you just bought for fun without thinking about it at all, but that's almost always ending badly at some point certainly.
15  Alternate cryptocurrencies / Altcoin Discussion / Re: Passive income on: July 25, 2021, 04:29:36 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

Staking Cake is good but does not pour your capital on one coin alone, there are a lot of ways to earn passive income and there is stable Farm sites worthy to look at be careful on new farm sites so many of these are doing rug pull, investing in the top coin, and hodling it, is also highly recommended, this is the best time to buy new upcoming projects with good potential like DPET and Binamon, they are gaming sites very much similar to Axie.

But I wonder is farming really worth it? Or providing liquidity? Isn't it quite dangerous to ultimately lose money because the staked coins or the coins you use for farming get dumped and decrease in value anyway?
16  Alternate cryptocurrencies / Altcoin Discussion / Re: How about the future of the market? on: July 25, 2021, 04:28:21 PM
I think the crypto market is currently in a bubble. However, it is very difficult to predict when a bubble in crypto will appear.

Conceptually and in business, NFT has the potential to continue to grow in the future and is ready to disrupt traditional businesses, especially those related to digital goods.

Not to mention that NFT can break into the property business, intellectual property and other physical assets that can be presented digitally so that they can be accessed globally.

You couldn't be more vague saying that you believe the crypto market is in a bubble. If it is now in a bubble, it obviously was in a bubble when Bitcoin was at $65k as well. So what do you think should the price of Bitcoin be such that you think we might have left bubble territory? I would rather say that we were perhaps in a bubble when we peaked, then we had the correction and now the market is trying to figure out the right way to go.
17  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Binance Smart Chain the "New Ethereum"? on: July 24, 2021, 08:35:52 AM
You’re definitely right that BSC is developing very rapidly, but I think it is due to low transaction fees compared to Ethereum. To my mind, it is not correct to compare these two blockchains  as they develop in completely different ways, moreover Ethereum is decentralised as opposed to BSC!

I think that as soon as Ethereum 2.0. launches and becomes more scaling, no other chains will be able to replace ETH.

Exactly. ETH's main selling point is decentralization. While Binance Chain is faster and cheaper to use, it's subject to the risks of a single point of failure. Most people don't care about decentralization these days as long as the cryptocurrency they're investing into brings them a lot of money in the long run. Expect to see BNB go higher in price and mainstream adoption as our society puts convenience/ease-of-use on top of everything else.

I'd say that Binance Smart Chain is the "New Ethereum" because most projects are "flocking" from ETH to BNB. Binance's "pet project" has been advancing at a very fast pace, as ETH's struggles to meet with today's demands. If this keeps up, BNB could replace ETH becoming the world's second-largest cryptocurrency by market cap. Hopefully, decentralization will prevail as ETH makes strides with network upgrades that will keep its position on the market for a very long time. Just my opinion Smiley

I would not say it is the new Ethereum. The question is like asking "is Ferrari the new Jeep?". For now it seems BSC is the better choice as there are no obstacles, no issues arise and Ferrari does just fine. But what if we get into shallow waters or hilly areas, would you want a Ferrari or a Jeep? The financial crisis gave reason for Bitcoin to emerge at the right time in the right environment. People started understanding why Bitcoin does make sense. Now they slowly but surely tend towards using more centralized architectures again. But only until the next lesson happens. I am not saying BSC is going to fail, but it is part of a process to strike the right balance for the world we are living in right now and the conditions it depends upon.

It's like Fukushima when right afterwards the whole world started discussing ending nuclear energy consumption and push for renewables. Or let's wait until USDT Tether implodes and people will never touch a centralized stable currency again, at least for a while. Ethereum is the Jeep, and a Jeep has its merits, but maybe not right now.
18  Alternate cryptocurrencies / Altcoin Discussion / Re: Low market cap coins that you are interested in? on: July 24, 2021, 08:30:29 AM
Low marketcap coin that provides something in return such as staking, yield farming are something to be looked at.  I consider anything below 2000 to be a low market cap coin. With low market cap risk is larger than less volatile coin but reward is much larger.

Feg token is such low marketcap I came across. It has small marketcap and currently only listed in small exchange. You can check it out on cmc.

Only invest once you are satisfied with your token selection after doing your research.

Below 2000? What below 2000? Are you talking about low market cap coins when a coins is worth less than 2000 USD? Is DOGE low market cap to you? I feel you are completely misunderstanding the concept of market capitalization. That is the valuation of a network or a business as a whole divided by its respective number of coins / shares...
19  Alternate cryptocurrencies / Altcoin Discussion / Re: How can prediction results affect the actual market? on: July 24, 2021, 08:28:03 AM
Regarding forecasting tools, everyone will look at them, but they will not fully believe them, because many forecasting tools are not very accurate and sometimes change. You can observe how some whales work. If the prediction is accurate, everyone should now become millionaires, and the price of cryptocurrencies is likely to rise wildly because of the word "more optimistic" by whales. Some people will panic when the whale suddenly flips a coin, and follow the whale to sell their coins, causing the coins to fall. These are all sudden.

Forecasting tools may have value when you are trying to predict the weather (and even there they are more often than not quite bad depending on the time horizon of course), but in markets forecasting tools are problematic as they never catch the critical outliers that can destroy your investment totally. The reason it sometimes works is because everyone uses the same tools and they function like a sort of shelling point then. That sets free a herd movement towards that new price point. The question then becomes who chooses the smartest spot to sell before everyone else takes the opportunity.
20  Alternate cryptocurrencies / Altcoin Discussion / Re: Will Bitcoin/ETH replace fiat someday? on: July 24, 2021, 08:24:48 AM
To fight against the control of USD thus create an anchor for people all around the global, or to make transactions apparent in cyber world, Bitcoin was coined by Satoshi(the second one is more valid).
Will the day come when everyone uses Bitcoin in daily payment(supposing new tech is applied to avoid high gas fee) and thus fiat gets abandoned? Or it won't because the amount of Bitcoin is set and all Bitcin is practically manipulated by capitalists...
Obviously , it's nearly impossible for Bitcoin to realize permant and global circulation due to its high price and scarcity, which renders it harder to take the place of fiat but it sounds that ETH is likely to be an anchor and a tool for daily use alike, surpassing BTC is feasible.
They say, if a country is at war or in upheaval, buying Bitcoin is not wise for its high volatility and USD is a better choice.
How do you think Smiley
It has always been a debate if bitcoin can even replace fiat but in my opinion, it's too far from happening considering many factors. With regards to Ethereum surpassing Bitcoin, you should know how impossible that can happen. Just take a look at the price gap of the two, even though ETH has always been next to bitcoin, the price gap is so far. Fiat currencies is already part of the tradition in all parts of the world, regardless of having technology innovating over the years, a digital currency would take up a lot of adjustments before it can be seen feasible.

The price gap plays absolutely no role. What was the price gap of DOGE to BNB when DOGE got so close to BNB? What counts is the market cap and that gap does actually matter. I must say if there is one coin out there that I think could realistically get close to Bitcoin right now, it is Ethereum if they get to solve their scalability problems in the near future. Although I don't really believe that that will happen, if I had to choose one coin that could do it I would answer Ethereum.
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