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A great, entertaining read! Some of these fun facts are actually quite interesting and good to remember like how only 10% are actually involved in crime and my favourite; how Bitcoin values achieved higher transactions compared to PayPal. To me this is impressive and it highlights how the infrastructure is key and how there's no rival to it to this day; all of it goes to show that blockchain based transactions can be much faster and efficient than any other alternative.
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Reportedly US Banks are going the treat Bitcoin (BTC), Ethereum (ETH), and all crypto purchases same as Cash. In the crypto economy, this move is going to be a milestone.  If what you're saying is indeed accurate then this surely will be a great step forward. However, I do have my own doubts about this. There's no link to any evidence suggesting this, and to be honest this does sound too good to be true. The pure fact that all of these cryptos have large market volatilities means that they're no way ready to be considered on a similar league to cash. |
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Hi All,
Any defi coin i buy do i need to stake or can i just accumulate as much as i can on an exchange and hope for some profit?
Or do all buyers of DEFI coins stake?
Thanks
Hey, you don't have to stake at all but it is another way to earn a little extra. However, you can just buy the coins and keep them on the exchange at your own risk. In other words, it is up to you if you want to stake or not it is not mandatory, and equally you can accumulate on exchange too. There're pros and cons with each method and it is for you to decide which one is for you |
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Who business owner would create such feature or add up on letting more people do win into the site? In reality these platforms do hate big winners and letting or making some copy betting feature will really be an impossible thing to be add up.They wont tend to make more winners on creating this one but somehow we know that theres no solid strategy that would really be giving out guaranteed win or success on gambling field but somehow there are situations that someone can pull off some nasty wins which can really affect gambling sites revenue on which they do really hate the most. That's true, from the perspective of the casino owners this is not a good strategy- it will only cost them more. I understand the system proposed here, in fact a similar one is running on some stock exchange platforms like eToro so the idea isn't novel. But in gambling it is difficult to have this approved as it only sides with the players and not the owners - you can see why asking casinos to add this would be futile. |
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Storing your crypto in exchanges is by far risker than storing it in cold wallets. Even if the exchanges are reputable and high profile the issue is that there's always a risk of them getting hacked. This is not the case with cold wallets but you do have to keep you private key safe.
It also depends on the reasons for keeping the crypto, like if its for easy access then obviously exchanges would be better than cold wallets. I think the matter is entirely dependent on 2 factors; accessibility & safety.
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I have heard that a few platforms are giving out stable returns(3 to 12)% on investments, depending on daily/monthly/yearly investments. Does anyone know any such platforms? And would you advise to invest into those? It would be great if someone can share a website that compares or lists such platforms. Thanks.
Yes, there's a couple of platforms that offer such opportunities but I don't know of any website that compares / lists all of them so I'll give some details about them. 1. Binance Savings: Binance has a product called Binance Savings that allows users to "lock up" their funds and earn some interest for keeping them locked. The rate ranges from 1% to as high as 21%. You can participate using tokens or using stable coins like USDT, BUSD, USDC etc. Personally, I haven't tried it out but people who has said it's good plus it's a solid exchange like binance – you have to consider the risks too. Website: https://www.binance.com/en/lending#lending-pos2. Crypto.com Earn : This is similar to Binance Savings platform. They offer saving plans for tokens as well as stable coins, interest rate is around 8% to 12%. Website: https://crypto.com/en/earn.html3. Nexo: This is yet another platform offering similar products. Interest rate is around 10% or so. They launched sometime in 2017 and has been around since then. Website: https://nexo.io/
The list above is pretty good so far but I can only talk about Nexo. I've been with Nexo for nearly a year now and to be fair they do what they say. The rates depend on the token type and these can differ between 4-12%. These are paid daily and in USDT. My experience with them so far has been positive so from the list above I'd only be able to recommend Nexo. |
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I'm extremely disappointed at this. Should I just sell all my BTCs and switch to my country's stock market? Or is there a better option for me that I'm missing?
There's a reason people are putting up with the high fees and remaining in the crypto market rather than moving to the stock market, and do bear in mind that even with the stock market you'll incur fees. The reason people prefer crypto over the stock market is because the former can lead to much higher returns in a shorter time than the latter can provide. As such, it depends on personal preference and risk taking if one should overt from crypto for the more traditional method. |
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crypto currency is a big breakthrough to man and environmentally friendly.
I'm not that certain that many people would take up on that, the data so far has pointed towards cryptocurrency as NOT being environmentally friendly due to mining. At least, this is one of the main arguments I get trying to explain the benefits of digital currency over fiat. Indeed, crypto is a new technological breakthrough and the after effect caused from its mining in the larger scheme of things and in comparison to other activities like deforestation and oil rigs it is not a 'great' threat to the environment unlike the former methods but it is one nonetheless. However, when looking at a problem like this I believe one should always consider the pros and cons, and it is my opinion that crypto's benefits far outweigh the 'eco' related issue - one which can even be solved with more technology like hydrogen fuel, hydro powers, solar cells etc. All we need is technology! |
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Is it surprising that among the many DeFi projects, there are also some which aren't legit  To me it isn't surprising at all. This hype about DeFi unfortunately can cause so many people to lose their money. The industry is so ludicrous that if not carful you could blow your money in minutes. The issue is that many people don't go for large and trusted projects. |
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Unpopular opinion: Though there's zero doubt that it's better, Bitcoin doesn't need to be "accepted" by every country's governments and accepted by most merchants to be "successful".
In a way this unpopular opinion isn't completely out of reason. What we need desperately is to have worldwide acceptance of digital currency not particularly BTC but other cryptos. BTC is only a small fraction of the crypto 'per say' but adoption is much more important for its predecessors as that's where the real value lies. |
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Peoples fine it difficult to understand what is cryptoccurrency most especially bitcoin,but their interested over cryptoccurrency.
I just suggest that their should be a TEXT BOOK that will discuss about cryptoccurrency in order to educate people who are interested because referring them to online shows that know Manuel evidence of cryptoccurrency. And if their is any article that guide bitcoin.
To be frank, in my opinion if you feel that BTC is hard to understand then you have little chance of understanding every other cryptocurrency that unfolded after the birth of BTC. BTC is not that hard to understand and there are so many sources online that you can use to get your head around it, but if you can't grasp the concept then you won't have an easy time understanding the blockchain technology, the backbone that lead to the creation of ETH network, smart contracts or DeFi. |
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Honestly, very impressed by the level of answers provided here - really helpful and useful advice. Like everybody says as an investors it is best to start with the project from its inception which is why early stages for entering are crucial. I haven't got any particular DeFi projects to share what haven't already been launched.
However, I'm keeping a close eye on JUST and especially Open Predict Protocol (OPT). OPT tokens will allow entry into the new DeFi project, Definer which is yet to be launched and this like others people have already said is looking to be profitable.
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I don't know if real estate is declining here yet but I do think it'll come at some point and it's probably overdue in some places.
I was looking at house prices in certain parts of the UK and they've at least tripled in a lot of places in the past 20 years... Which seems quite a dramatic rise.
You're not wrong. I have come across similar stats where the house prices across the whole of UK have gone up at least 3x since the beginning of the pandemic! This is crazy considering the recession we're in. Still, by the end of the year if the house prices haven't started to come down it will surely follow in Q1 of next year. The housing market can't be going up while everything else is suffering. My reason for thinking this is that mortgage providers have already started becoming more strict about mortgage approval. I suppose for now just like with the crypto and stock market, real estate is all about waiting for a while. |
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Lessons learned from successful investors:
First: If you do not have even a small amount of anxiety over your investments, this means that you are not risking enough. You have to have enough money invested in order for you to have real interest. You will make the right decision when you participate in your investments with all your feelings, and then you will be able to monitor this investment and give it greater care.
I am not so sure about this lesson. Personally, I'd say study with great care what you are about to invest into, and when you finally make the investment, start small. Do not start with an amount that, if lost, you will lose several nights' sleep over it. I'd say further that interest comes way before you even start pulling out money from your pocket. I agree, making the right investment doesn't rely on you not feeling anxious about putting your money down on the investment. Not everybody likes a high risk investment, they'd rather start at a comfortable pace. What I'd say is that best to start with doing the right analysis, the right research before pouring your money into an investment. And even if you're not sure you could go in it but with a sum small enough that you could be ok with losing. At least this way you get some feedback at not a high expense. |
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Hey.
How is this tool fetching historical data from my trades? Do i have to provide login/password/apikey? If so than it is not worth to take a risk of loosing founds (exposing sensitive data on "a little buggy" tool)
The mere fact that you have to connect your data containing private info not only about your trades but your wallet amounts etc indicates to me more risk. While I get that performance tracking would be made easier if it was to be done all in one place (some feature exchanges should be thinking about developing) I'm not feeling comfortable sharing all of this info across at least 2 mediums, and to a second place which is a 'little buggy tool'. The first thing these tools need to get right is security before even getting adoption. |
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Recently I hired some virtual assistants on Upwork to help me grow my website, however, for some reason they tried to destroy my search engine rankings.
Do we know if the country of India has something against bitcoin or anything recent in the news that would suggest this?
I'd say rather they didn't know what they were doing and in the processed they managed to mess up your website. Or you might have got involved with crypto haters. India is not so hot on crypto but there are people within that embrace it, that would also be the minority though. In any case, you should file a report on these guys. |
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If the guy has a reputation that stinks then you can expect that the new project is not going to be the one you want to invest in.
The fact that the sale will all be private and not available on exchanges just means that even if this wasn't going to be a scam then the likelihood of the project bringing you <10x is unlikely. So, my word of caution, is don't get involved, stay away and put your money in a safer project.
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Top 10 DeFi Tokens by Market Capitalization on coinmarketcap are in Negative/Loss 20 Hours change.
What do you guys think, time to invest or it's finally dead? Yeah, it can be a hard hit but honestly we should have seen this coming after weeks on end after the BTC halving event the market stays in the same place and only recently showing a small uptrend. Now that the bull-ish run occurred almost for no significant reason, not that in crypto this means anything, the aftermath correction is happening now. I do think that even with so many coins underperforming greatly, the markets could look even worse, and from what I've seen in the couple of days there's some sluggish movements of recovery. And, lets not forget about the current global pandemic causing distress signal among the stock market... |
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The hard felt truth is that this type of government lead tyranny isn't happening only in countries like these but many more. HK, Venezuela, Vietnam etc. In these type of circumstances BTC and similar crypto will for sure make certain things easier but cannot replace people's freedom.
Having said that, BTC sets example of the type of economy the future leaders must think about - the outdated principles can only go this long.
It is now in peoples' powers to take control, embrace innovation and fight for their rights as a unity. BTC can help create that unity.
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I read about this on cointelegraph few days ago, the wallet could be real. But, it is now related to the fact that without knowing the private key of a wallet, that brute-forcing can only be a waste of time as no one can brute-force a wallet private key for now. Also, on the new, it is said that although it may be impossible to break through the wallet for now but possibly quantum computer with advance features will be able to break through in a way the private key will be revealed. Now that a recent quantum computer is used to calculate what can not be calculated in 10 years in just three minutes, this makes quantum computer to be a topic of discussion in relationship to bitcoin.
Brute-forcing to crack the private key isn't going to work. You need quantum computers for this, and if the rumour is true then although it may seem impossible to get the private keys for now in the near future this might well become a probability. Given the stake is so high, several individual might pull together and split the reward, after all the amount is high enough to lead to different team formations alining up to the same goal. |
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