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Showing 8 of 8 results by Azizcdra
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Topic
Board Altcoin Discussion
Re: Do I Need TON in Wallet to Receive Airdrops in Telegrm?
by
Azizcdra
on 06/08/2024, 14:20:54 UTC
One airdrop has been asking me to cash out the tokens using my TON wallet, but when I try to, the prompt I receive is that I do not have TON to complete the transaction. Must I have TON to receive Telegram-based airdrops?
Of course, because to send the tokens you get from the airdrop you need a gas fee, generally the gas fee is only around 0.002 - 0.1 $TON. Remember to calculate the number of your tokens because some tokens are priced very low/the number of tokens you receive is too small so it is not worth the gas fee. But there are also airdrops that don't require a gas fee so you can withdraw without having to deposit a TON
Post
Topic
Board Altcoin Discussion
Re: Is Monorix a SCAM?
by
Azizcdra
on 06/08/2024, 14:10:41 UTC
https://www.talkimg.com/images/2024/08/06/5Ytrv.jpeg

It's like they gave different users different amounts, which they will have to pay before being eligible for withdrawal.
 
Someone contacted me this morning in need of a Ton coin, and the purpose was to pay this fee with the hope of withdrawing the accumulated token, which looks too good to be true to me. Checking the current price, it's worth about $1500+, which is not a small amount to give out for just passing a fee task in a few minutes.
 
Twitter is also being widely discussed because many people have paid the gas fee but can't make a withdrawal, some even paid up to 5 $TON. I also got 17 million tokens but I didn't think about making a withdrawal after knowing the gas fee was so high and never would
Post
Topic
Board Altcoin Discussion
Topic OP
Is Monorix a SCAM?
by
Azizcdra
on 06/08/2024, 12:21:49 UTC
Monorix.com is a website that claims to be related to a web3 game and NFT collection, their airdrop is based on a telegram mining bot. Actually, this project has been completed and users can now be asked to Wthdraw. But however there are several indications that show that this is a scam:

1. High gas fees: you have to send around 1 TON for the gas fee and that doesn't make sense. The estimated price of gas fees in TON only ranges around 0.002 - 0.1.
2. After paying the gas fee, a notification will appear "Sorry, you can withdraw until -1 days -1 hours -15 minutes" and that is a really scam indication
3. Unreasonable token income from airdrop mining

Yesterday, there was Lottefi and even older is xBlast which uses the same method, namely high gas fees for withdrawals. Even though the token has been listed on the dex, that does not guarantee that when it is listed on the exchange the price will remain that same, and not necessarily swappable..
This is exactly like xBlast, when lots of people buy it, suddenly the price drops straight to 0.

The reasons behind this review :
Lack of Detailed Information, Unrealistic Earnings, High Miner Balances, Generic Content, Limited Social Proof, Lack of Transparency, Unrealistic Copyright Date, No Information on NFT Collection, Limited Security Information, Lack of Clear Purpose, Whois Data is Hidden.
Post
Topic
Board Trading Discussion
Re: Important Things I Wish I Had Knew Before I Started Trading
by
Azizcdra
on 06/08/2024, 10:23:07 UTC
1. Learn to trade with just one strategy

This is one of my common mistakes that I didn't make because I was moving from one trading strategy to another and looking for the holy grail. A magical trading strategy and indicator that will give me guaranteed profit. And the tendency is that we will try many trading strategies that we can find on the internet that are new indicators that are profitable, and if they are not profitable, we will look for something new.

It's actually good to try several indicators and technical analysis to get a suitable trading method rather than being stuck with one method that ultimately doesn't suit your abilities. By trying several methods, you can find out which method has a high and suitable win ratio
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Topic
Board Trading Discussion
Re: How to trade when the market is bearish
by
Azizcdra
on 06/08/2024, 09:39:17 UTC
Beginner traders should avoid the market when it is bearish or they are going to lose. Traders that should be trading during when the market is dipping are experienced traders that have done it before because they know what to do.
yes, but usually novice traders just follow the signals given from several telegram groups without knowing what they are doing. Many of them immediately open positions without understanding snd
Post
Topic
Board Trading Discussion
Re: How to trade when the market is bearish
by
Azizcdra
on 05/08/2024, 07:30:40 UTC
Also know that as some people are buying the dip, the market might fall for further which might not be good at all for altcoins because they are more volatile. But you can buy the dip if it is bitcoin and less volatile coin.
In my opinion if bitcoin falls further it will encourage altseason to start, because people will get bored with the movement of bitcoin and it will encourage a lot of money flow will go into altcoins
Post
Topic
Board Trading Discussion
Re: The Importance of Income Diversification for Crypto Traders
by
Azizcdra
on 05/08/2024, 05:33:25 UTC
It is good to have another source of income like real estate, staking, crypto jobs, mining,  and other legitimate sources of income. If I say that I will force trade now, it can end up in a loss.

I agree, and also don't put all your money in crypto. Some people who initially only had 10,000$ maybe became millionaires in a few weeks, but some millionaires ended up with only 10,000$ left
Post
Topic
Board Trading Discussion
Topic OP
How to trade when the market is bearish
by
Azizcdra
on 05/08/2024, 05:10:48 UTC
Trading during a market dump when prices are falling sharply requires a careful approach to minimize risks and potentially capitalize on opportunities. In summary, it's involves a combination of risk management, technical analysis, and strategic positioning. By staying disciplined and informed, you can better navigate the challenges of a declining market and potentially find opportunities amid the volatility. Here are some advice for you:

1. Assess market conditions
- Market Sentiment: Gauge the overall sentiment by analyzing news, social media, and forums. Market dumps are often driven by fear or negative news.
- Technical Indicators: Use technical analysis to understand the current trend. Indicators like moving averages, RSI, and MACD can provide insights into market conditions.

2. Implement risk management
- Stop-Loss Orders: Set stop-loss orders to limit your losses on trades. This is crucial in a highly volatile market.
- Diversification: Avoid putting all your funds into one cryptocurrency. Diversify across different assets to spread risk.

3. Monitor and update
- News and Updates: Stay updated with the latest news and developments. Crypto markets can be highly responsive to regulatory news, technological updates, and macroeconomic factors.
- Adjust Strategies: Be flexible with your strategies based on changing market conditions. A strategy that works in one phase might not be effective in another.

4. Look for rebound opportunities
- Buy the Dip: Identify strong, fundamentally sound cryptocurrencies that are significantly oversold. Buying during a market dump can provide opportunities if the market rebounds.
- Technical Patterns: Look for signs of a reversal or bottoming patterns, such as bullish divergences or support levels.

It is important not to get carried away by emotions and wait for signs of reversal, crypto markets are highly volatile so be prepared for rapid price swings and emotional decision-making.