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Good sentiment but the bull run that it had made last year was already too much. But I'm starting to see too that there are many projects interested to work with Polygon and have a run and backup through its network.
I don't know if that will be enough to push the price but we've got an idea on how Ethereum was pushed on its price before. And that's by being the most used network for making more other successful projects.
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I think they need more of a plan that just to burn 1.2%, just burning is not enough IMO
absolutely correct mate , there will always way for improving and burning 1.2% does not bring anything . And even they burn that if the demand is no longer that much, then it's nowhere to go. Even if the prediction or asked price by OP isn't that much, that's still not good enough. But we'll see if something might occur in the long term due to this burning. While for known coins, it's helping but we don't know if it will for Lunc. |
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Yes, that's what I mean, because scalping really has to be entered in the right position, and it won't be easy to do, especially for beginners. I am speaking for beginners here, and the market will not be more friendly for beginners, unless it is a professional trader who is also familiar with scalping. Like you said, when you don't have much knowledge it's the same as gambling by hoping the market will move with their will.
The concern for trading mostly are for the beginners. They're the most risk takers and they think that it's easy to take trades like scalping or any other types of trading. The methods are close to each other but the risk are different based on how they look at it. Even if they don't know the right approach of it, they'll still go because they've seen someone to be perfectly doing it and they think that it can be just copied anyway. |
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Well, that's the good thing about this year and it's about to end and we'll just leave all of those fiascos for this year.
But I doubt it that they're the last ones that we'll see, there will be for more and that is just teaching that we should be more careful where we keep our funds.
Overall the lessons are just the same on how we're going to keep it.
You are right and we got many lessons from what happened during this year, However, some lessons were not new for some people for Example regarding the last one and what happened to FTX people got a lesson to not keep their money inside any platform even if that a well known and trustworthy platform, also the year is not over yet and even during these days there is a possibility to see even worst things coming up to take new lessons from them with some consequences for other people. Yeah, most of the lessons were too expensive to learn with. But let's just extract those important lessons especially to those victims that have been robbed with huge amount. I don't wish to see anything worse than what has happened with FTX and other of the fiascos that we've seen. It's better to see this year end without any of those ruckus anymore from these big corporations. |
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In 2020-2021, we have witnessed the insane growth of the cryptocurrency market.
Many cryptoassets were going up in price, and it was like crazy.
Remember the rise in price of Dogecoin? And also the rise in price of other derivatives of cryptoassets based on dog memes? Remember the rise in prices of crypto assets in the DeFi space? Rise in price of NFT (all those monkeys, cats, seals, etc.)? Remember how Elon Musk had fun manipulating the crypto industry (one tweet creating and destroying billions of dollars)?
2022 is the year of reckoning for all previous madness. At the same time, Bitcoin, as a protocol for transferring value in the virtual space, has not become worse than it was before the beginning of 2022.
Therefore, I am sure that the price of Bitcoin will rise in the future.
There is no doubt that the price of bitcoin will rise again, it's bound to happen and no matter how good or bad the past years were. Bitcoin is going to be naturally going up again. We've seen it before and we'll see it again. Correct, as bad as all the scams the OP listed are, if we take the time to look for similar scams on the past we are going to find out they have been part of this market for a long time, the difference is that since the size of this market is bigger then the scams are getting bigger too, so not only scams will not disappear but they will even worse than what we are seeing now, now for the people that have been aware of those scams this is not too much of a problem as they are never going to invest their money in any scam, but for newbies which still believe they can become rich in a matter of weeks they will keep falling in them regardless of our warnings.
I agree, as the market matures, the scam techniques will also upgrade and become more mature. They'll never stop as the market will never stop. But I just hope that everyone has man up and became wiser for this year and for the next upcoming years. |
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Android is one the biggest operating system used by people in the world. Many hacker and cheater try a million way to hack that OS from user to steal his money, many hacker have succeeded and many user lost his money in the wallet.
if vulnerable why people still keep his bitcoin on wallet phone?, are they rich? Why they give his bitcoin to the hacker?
It's because it is handy. Those that keeps their bitcoin in phone wallet apps, they just want to secure it that they can check it anytime. They for sure have the recovery phrases for that wallet so even if it gets stolen, they can still recover and retrieve it. As for being hacked, it depends to the activities of the user. If that person is someone who keeps on searching for unusual things on the internet and download unusual apps, he's the likely that will be hacked than someone who just keep it there without doing anything. |
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I think staking is profitable for those who have huge amount of holdings the bigger or the larger amount being stake the better, if you have small amount i think you better just do trading, and bump to a gem, the risk is also huge where the staking platform might get hack etc,
No doubt that staking are much more profitable to those that have a lot to stake. Those that will stake like a few bucks even up to a thousand dollars, that won't give you much profit with realistic APY. But as source is still a source of income, no matter how low they are, your money is working for you. It's good if you don't have plans for that coin that you're about to stake and just hold it there to at least earn a couple of bucks yearly. |
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You said that it's your first time to try trading with your first coin ever and you want to make our dreams become a reality?
Don't be too optimistic with such plans because you'll never know if that's a good idea to help others if you're just starting out. And then, the pump and dump groups aren't really helpful at all.
That's going to be a big reason why you'll start to lose with your trades.
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That is for sure when someone dumps a huge amount of Ethereum then the market will react and it's going to be down. Bitcoin's price went a little bit low this day and the other alts will obliged to follow that eventually.
But whenever there's a huge sell off, there is no doubt that the market will have to react too just as what they do whenever bitcoin is down. So, if those Ethereum from the FTX hacker cashes out, we'll see more bloods in the market.
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But I doubt it that they're the last ones that we'll see, there will be for more and that is just teaching that we should be more careful where we keep our funds.
Exactly, there have been tons of scams / fails and there will be more scams / fails for sure. But is Bitcoin failed due to such scams / fails? No, Bitcoin is still working and I'm confident it'll stay like that.  Sometimes, we'll have more scams and the BTC price will go down, sometimes we'll have less scams, resulting in a rising BTC price. Just take Mt. Gox as an example. It might have resulted in a declining Bitcoin price but the overall Crypto market came out stronger because people learned an important lessen: not your keys, not your coins. And sometimes people even need to learn twice as FTX has shown.  Yeah, there's so much to learn from all of those happenings. From fiascos from exchanges to scams and hacks. But one thing for sure, bitcoin has remained strong while they're all focus to those events. Sad to see a lot have to learn the expensive way for them to stop trusting exchanges with their funds. Thanks for listing them out but sure that they won't be the last that will exist in our community. I'm not negative into thinking that there will be more soon and we have to be aware of it. But, I'm just telling the truth. Well, that's the good thing about this year and it's about to end and we'll just leave all of those fiascos for this year.
But I doubt it that they're the last ones that we'll see, there will be for more and that is just teaching that we should be more careful where we keep our funds.
Overall the lessons are just the same on how we're going to keep it.
I just hope that the year 2023 would be a positive year for cryptocurrencies. The more that it is becoming popular around the globe, the more scams and hacks were being attempted in the last several months. I guess we should take advantage while the price is this low- the fact that it reached a peaked $60,000 means that there is the potential of it recovering again at that price. With all being said, I guess the smartest move to make is to HODL for the meantime and sell at a convenient price. Praying that 2023 blesses everyone with good fortune and returns all around! We're all hoping that by that year, it will be like the start of the recovery period of bitcoin until the next and after the halving. |
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Well, that's the good thing about this year and it's about to end and we'll just leave all of those fiascos for this year.
But I doubt it that they're the last ones that we'll see, there will be for more and that is just teaching that we should be more careful where we keep our funds.
Overall the lessons are just the same on how we're going to keep it.
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These fan tokens are going nowhere.
Whenever there's a news about it, it might be up a bit but whenever it goes against to the favor of it, then expect that it will be going down for sure.
The fate of tokens like this are known and that's why it's no big surprise that it has lost that much when the team Brazil lost to Croatia.
These are just tokens that are developed to make market movements relative to an event. Brazil fan tokens doesn't have any other real-time usage. So, everything happening with the token depends on the performance of the Brazil team. It is obvious to have the drastic decline in the market of Brazil fan token. BFT doesn't have good trading volume and it's ath surprised me. It have reached $1.7 and now it is close to the all time low value. For fans who support Brazil team can got for it with the hope of Brazil winning the next World Cup. The market of the token in the past could've increased as Brazil is the most favourite to win the 2022 World Cup. The developers are the ones that made the most in here. They're on the timing because they know that World Cup is coming so they did this for the purpose of fans to go to the extent that they'll buy a token that's dedicated for the team. But with such tokens, we know what's going to be the end of it and many would be getting rekt for sure if that's the way on how they do investments. |
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I think investing in crypto should not lose patience as it definitely requires a fair amount of patience. Otherwise it is not possible to make any profit by investing. It's fair to think about patience and I agree to you. Because investors like me that don't have much knowledge before and still stick to the market and became patient. I've reaped the rewards that one can do. It's all about being patient and you've got still to do some research before doing anything so that you'll still get something for yourself, profit and learnings. |
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These fan tokens are going nowhere.
Whenever there's a news about it, it might be up a bit but whenever it goes against to the favor of it, then expect that it will be going down for sure.
The fate of tokens like this are known and that's why it's no big surprise that it has lost that much when the team Brazil lost to Croatia.
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If there's no other option then I'd like to agree about cash, it's somewhere safe and there's no need to worry about with it.
But you still need to look at how's your economy doing then it should be bitcoin. If you just want to store wealth and value, cash and then look for some other assets where it might grow together with the inflation.
I guess we all have these issues with the stable coins and we need to be wary with all of them.
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it's been almost 8 years and Bitcoin has never touched $1000 again, nor will it be another 8 to 50 years.
I'm a bitcoin holder and I love it. I'm not sure if I understand it correctly. But if you're referring to 8 years and bitcoin never touched bitcoin from that timeframe, you're wrong on that. 2017 and backwards were the years when bitcoin was $1k and under. 8 years to 50 years, that a lot of time to see what shall happen to bitcoin. But I agree to you if that's the timeframe, we're unlikely to see bitcoin on that price. |
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I'd take it when you say replace, as in completely removing bitcoin on its spot in most terms of it. I have seen people telling and asking the same question for years and then advertises the altcoin that they support, good thing that you've never mentione any.
Well, let's take it at the current situation of it that it's very unlikely that it will be replaced by any other altcoin.
I saw those giving explanation about quantum computers that will do something against bitcoin that shall turn its value lower and in that way, it'll be replaced by another one - I don't believe them.
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I think it will all make sense if the NFT will come from a real and phenomenon artist. Not just limited to those that has passion with arts and painting stuff but also to musicians and other sectors that are also part of the art industry.
The NFT market has been overhyped due to the overpricing of these NFTs that has probably a use case if you're part of their club. But mostly, it's like a pixelated or a painting stuff that has been digitalized. I wouldn't spend any penny there especially in a bear market.
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Specific on the futures, for the newbies do not futures if you are new to it.
It is highly recommended that you shouldn't get into it. And this isn't only just for the newbies.
Also the old timers, if you cant bear the risk of futures. Just do not do it, I have seen a lot of lives ruined by it.
Futures trading isn't for everyone, in fact, even experts never choose their life to be there but rather stay where they feel they are profitable. It was indeed that newbies must know the huge risk in Futures trading and ask themselves if they are capable enough otherwise, never try it. Although I've seen a very few people that been doing this and doing well but still, they're not assured with profiting there. There's the good and bad days but more of a little profit. That's why newbies can try it out but don't expect that you'll do good at it with your first tries. It takes a lot of time and money to be well on it or else, don't do it and get on the spot. Specific on the futures, for the newbies do not futures if you are new to it.
It is highly recommended that you shouldn't get into it. And this isn't only just for the newbies.
Also the old timers, if you cant bear the risk of futures. Just do not do it, I have seen a lot of lives ruined by it. I will try not to fall for futures trading although some strategies can be profitable too. Right now I tend to focus on long term investing rather than trading, but I can still take advantage of trading something if I have good momentum. Futures trading is indeed profitable, but the risk will be very high for those who do not know how to control their emotions and are too greedy. Ignore futures trading, this is my current way of staying focused on long term goals. That's why I also chose to be an investor and it's passive and not stressing unlike going into trades and even more with futures. We get to choose where we're doing good and making better money. I guess it is what it is when someone experiences how it goes with futures and has done being a long term investor. |
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I think we're having the idea that whenever the market goes on a bull run, there will be more demand again thus, these crypto companies/exchanges will start to rehire again due to the flux of customers.
The manpower will be needing more on their end. I do understand why this could be the harsher type of bear market but on the other way as it has been affected more people, indirect investments but employees that have been laid off.
Maybe that the pandemic has something to do with it as well.
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