A common way to cash out Bitcoin is through a third-party exchange, such as Coinbase, Kraken, or Bitstamp. ... Most platforms allow you to cash out only with the bank account you used to deposit funds. This means that you need to deposit a small amount of fiat first to be able to make a withdrawal.
I think we should have our local exchange to make the withdrawal easier because we can withdraw directly to our bank account in local exchange. External exchanges such as Binance, Coinbase, Kraken, etc are good, but local exchange is better and faster on withdrawal. |
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Panic is something that will make us disappointed, we must be able to control ourselves so as not to panic, today when I checked some of the tokens I bought a month ago they dropped almost 40% but I have to focus on the goal, which is to make a profit so I won't sell it though I lost 40%.
40% in drop actually can make some people panic, especially they who bought with a big amount. For example if we bought $100k in coin, then we would have a loss around $40k because our coin dropped 40%. Panic won't give any solution, the opposite, it will bring more problems because our decision can be affected by our emotion. |
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Hey guys, I have a question regarding eth tokens.
I can see many ethereum tokens projects and airdrops each week atleast. But my question is, why would i prefer BAT over BTT and both over XXX since they are all use the same engine (all under ethereum with exactly same functions)? And after that, I see they have diffrent price, market.
I can see ANNs of the projects announce diffrent titles, but in the end they doesn’t differ any thing. Unlikely for example, the comparison between too coins, for example bitcoin vs eth, we may say bitcoin fee is better than eth fee, oh thats why I love btc, bitcoin is first currency, thats why the most money invested into it, etc...
How could bat gain a lot of money invested into it, but XXX didn’t?
Please correct me. Human mistakes.
Ethereum tokens are using same blockchain (Ethereum blockchain), not same engine mate. I think we should understand what is the purpose of Ethereum blockchain first. Startup companies can issue new token on Ethereum blockchain as their asset, therefore many tokens created from different companies. That's why the price of tokens are different although they are on the same Ethereum blockchain. |
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If you want to be a successful trader, you must have some qualities. You need to have a good knowledge of the trading market. We have to analyze the market Must have a lot of good knowledge about signals. You have to understand every signal. Only then can you be considered a successful trader.
Knowledge comes from experience, therefore the amount of trading hours is very important i think. The more we trade in crypto, the more we will gain knowledge about the market in cryptocurrency. Technical analysis is very important for trader, although we can't really predict where the price will goes in crypto. |
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Mate, if you have some knowledge in solidity language, you can read the source code on the smart contract to avoid honeypot.
Of course, the smart contract must be verified first, otherwise we can't see the code.
This is one of some ways to do the due diligence when we want to invest on a new project.
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Why do people refuse to take profits when their coins and tokens are surging so high? Should this be called greed or they simply have strong believe that the coins and tokens will worth more in future? Is it wrong to keep holding coins even when they bring 1000x profits cos everyone seem to be talking about 'greed' here and there
There is nothing wrong with keep holding the coin you believe, that's just the other's opinion. As long as you can afford to lose what you spend, then you won't have any regret. Most people want a safer way to gain profit so they sell when the price high, but i think the profit can be higher if we hold coins/tokens that we know they are a good coins/tokens although it is risky. |
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if dinner with vitalik brings 150 ETH for me maybe it's better  of course, getting 150 ETH will be preferred by many people. but maybe for a crypto platform developer of course having dinner and discussing crypto with vitalik is something important. Indeed, many people choose 150 ETH and that is not wrong if they won't get anything better from dinner with Vitalik. But if you have something to offer to Vitalik and ETH project, then maybe he will give you more than 150 ETH. In this case, maybe CMC team have something to offer to Vitalik ??  |
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As I'm a trader, i need to trade daily. Something i do transactions tokens and coins from one exchange to another exchange. thats my daily trade routine but nowadays eth fee again raise so high. I waited for long but fee was increasing rather reduce but i need to transactions, so i did and i found, a large number of amount is gone with fee from my profit. that makes me very sad but there is no solution or trick to reduce fee.
Yes, i think traders need to use the transaction fee between exchanges as low as possible to gain more profit from trading. The more the transaction fee on the network, the more withdrawal fee charged. I think you should not using ethereum blockchain in your withdrawal. Use other blockchain like tron or binance smart chain to get cheaper withdrawal fee. |
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Helo crypto mates. My question is simple but is like know the end of arcade game. What will happen if a project has total supply of 100Million token and put it's 90% token as staking reward. Also token has a utility too to buy it. And every one just keep earn those token by staking . And higher chances 90% token will go to public hand sooner or later When reward pool is end. Will it not cause negative effect in token price and everyone just keep dump their staking reward tokens and keep dumping token price.
Now question is that how can balance the equations token price not dump but gradually keep increase time to time. Should buying demand of token rate more than staking reward earned by users?
Basically want to know how a proof of stake reward feature token can survive and keep increase it's price.
If 90% of the token is staking reward, then only 10% of the token will going into the circulation. This 10% of the token will be staked and the reward will goes to the circulation slowly from the allocated 90%. There are few ways to prevent dump of the price, burn, buyback, etc. |
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Talking about the current situation, trends have definitely changed and many native tokens of DEFIes became shit coins. People are not very enthusiastic about Defi-projects now, so different platforms for staking and farming have low Total value locked, which means low demand. On the other hand, NFT-projects and games raise a lot of money on presales and so they are also popular.
Right, there are too many defi projects created in cryptocurrency even some of them are scam projects. I think we better to buy some top coins which have real use case, Solana for example. Currently, i am not interested in most DeFi projects anymore, just stick to a good coins such as bnb, sol, btc or eth. |
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When people talks about diversity in crypto space they only point at big projects and small projects combined but no one ever talk about their life savings, I've seen people putting all they have into crypto and yes they have more than 5 coins in their portfolio but is this the smartest move?
Personally I think the smartest move is to have some funds offline as well, if you know what diversity means then you should be smart enough bro know that nothing is guaranteed, have some money 💰💰 offline and some online (crypto and other), putting all your eggs in one basket is bad and too much of everything is also bad
Well, actually they diverse their investment with several coins which is better than only invest on 1 single coin. Some people like to investing in crypto because crypto is more volatile than other assets which can bring more profit, also more loss. No wonder they prefer crypto than fiat or other 'offline' asset to invest on. |
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There are plenty of very good competitive that is now on-sight against Ethereum blockchain such as the polygon chain, solana network, binance smart chain and there is an announcement that even cardano will have its its own chain very soon.
Yeah, Binance smart chain is very popular because it is kind a 'copy of ethereum' blockchain with the smart contract. Solana network is also my favorite blockchain, just look at the value of Solana in the market now, very high and already get #7 rank on CMC. I hope ethereum network can reduce its gas fee to prevent ETH users leave and using other blockchain. |
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There is a great idea for implementation in the cryptosphere, but I am a beginner developer and I do not have enough funds to afford the creation of a token on ETH. (unjustifiably large commissions with a high price of the Ethereum itself) Is there some kind of cross-blockchain to implement my ideas with very low fees?  Mate, you should not using mainnet blockchain if you want to develop and test your application. Try testnet blockchain, you can find Ropsten network if you want to use ETH blockchain, it is a testnet blockchain. Or if you want to use a cheaper mainnet blockchain than ETH, try use Binance smart chain. |
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If you have your private key, your coins are safe.
You can redeem them for example in the CoinOMI Wallet which is available on Windows and Mobile. When you add Dogecoin, you can then swipe your private key.
I tried this and I'm still struggling, failing to recognise my private key. What does the dogecoin private key normally start with? Mine starts with '9LKEM' Are you sure that is really a private key ? The first thing to do is to know the private key format. There are some formats for private key, the standard one is 256-bit number in HEX and the other one is WIF format. I think you can take some research on WIF private key format because '9LKEM' might be a WIF format for your private key. |
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I saw Cake at 0.5 and thought that was overrated, after all, a financial project called "Pancake" with a token called "Cake" couldn't be serious. I followed it for 1 month and when I saw it, it shot to 8 dollars, so I waited for it to fall and bought the 6. It was one of the best moves I made, but still, I ended up missing the timing, because it reached 40 dollars and I ended up selling it at 15, in that insane fall
Pancakeswap CAKE price is around $28 now, which is already gone far from the price you saw $0.5 We should not see the project by it's name only, there are many copy-paste project in cryptocurrency, we can see many 'bitcoin' copy cat coins in crypto. |
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Seriously meme coins are great ? We should not investing on meme coins mate. Better to choose top coins like ETH and BNB coin because those coins price are very good in the market. Meme coins are just a temporary hype, holding it too long won't give us profit. |
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I don't invest on market trend (option 1 you provided) but i usually interested to invest on top coins such as btc, eth and bnb.
Investing on top coins in the market will increase the chance to get the profit because the price of the top coins usually increase over time.
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I don't think btc is the only peer to peer electronic money, ethereum and other altcoins are peer to peer money too.
The basic difference between Bitcoin and Ethereum is the smart contract.
Ethereum blockchain has smart contract that we can use to build many apps such as defi apps.
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recently uniswap reported about the fee on 27/8/2021 with a fantastic fee price, because many altcoins use uniswap swaps, What do you think?  Unbelievable! 500 gwei for transaction fee is too much for me. Better to wait for a good time to submit the transaction on ETH network. Many altcoins are using uniswap indeed, but they actually can using pancakeswap on Binance smart chain to avoid high cost on transaction fee. |
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It is very sad. Currently, many traders have opted for Bep20 due to low fees. Lately I have seen that the fee has increased a lot. Above about 1$. Which used to be 8-15 cents. There are many small traders who are facing losses in this. Maximum low capital trader does not swap on Erc20. If Bep20 increases in the future, maybe they will move away from Bep20.
At least BNB gas fee is still far lower than ETH gas fee. The rising price of gas fee in BNB is because the BNB coin price is rising. The BNB gas fee is not too high, which is only around 5-10 GWEI per transaction, see here : https://bscscan.com/gastrackerSmall traders should not using DEX because the swap fee is higher than the trading fee in CEX. |
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