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Showing 20 of 32 results by imons
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Topic
Board Altcoin Discussion
Re: Protect Your Trading Capital
by
imons
on 22/12/2020, 02:59:42 UTC
As you focus on following a trading process and strategy; you need to also learn how to care for your trading capital. If you have ever seen courses with risk management; it refers to your trading capital.
How can you protect your capital? You do so by making a trading or investment plan about how you are going to use your capital.
In this market either in a bull run or in a bearish state; we are all alone. In trading;  everyone is here to make money for themselves, the profit you make comes from other traders so Always do your own research.
Thanks for bringing attention to such an important question - whether you need to invest everything in crypto or not.
Obvious answer, from capital protecting point of view, you should not.
Diversify, at least on crypto market, preferably outside of it too.
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Topic
Board Altcoin Discussion
Re: Whats your thought about New projects?
by
imons
on 11/11/2020, 14:59:14 UTC
If you visit some crypto forum you will see so many upcoming cryptocurrency projects coming into the industry but sometimes I begin to wonder what is their purpose of bringing in New crypto project knowing well that some of them have wrong motion of the project they are bringing, I have participated in so many of them last year but I have not hear from them again some are abandoned on the proccess with a lot of promises they come with just to gain your interest. What do you think?
It may seem tragic, but its only natural in my humble opinion.
You can't know which one of them will succeed in the end, but you can be sure - there is no chance even half of them will.
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Topic
Board Altcoin Discussion
Re: 5 fastest crypto coins
by
imons
on 22/10/2020, 16:00:06 UTC
Monero
Monero XMR is one of the popular privacy-centered cryptocurrencies. The project is fully community-driven and focuses on decentralization and financial freedom. XMR transactions are quite fast – just like Dash, it takes around 2 minutes to get a confirmation.
Dash
Dash is a cryptocurrency that has been around for a while. The average transaction time for a DASH coin is around 2 minutes. Dash has the block size of 2 MB and can process up to 56 transactions per second.
NEO
NEO is a Proof of Stake network that processes transactions at a pace of around 1000tx/sec. It takes about 15 seconds to get your transaction to confirm – due to this, NEO was dubbed as “Ethereum killer” by the community members.
Ethereum
Ethereum network, despite the issues of scalability and certain delays with network congestion, takes about 14 to 17 seconds for the transactions to go through. Ethereum blocks handle about 12 transactions per second.
Litecoin
Litecoin is one of the oldest cryptocurrencies existing as an alternative to Bitcoin. The main point of LTC creation was to speed up the transaction process. Block generation usually takes no longer than 2 minutes and 30 seconds.

https://swapzone.io/learn/how-to-exchange-crypto-fast/
I'd say BCH can be added in this list, since transaction time is not that big, its just most of services require a lot of confirmations to fully enroll funds
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Topic
Board Economics
Re: harmonization of fiat and crypto
by
imons
on 17/09/2020, 08:32:42 UTC
I think fiat cannot be replaced with crypto and that's the reality.Right now we see that digital money is important because of the virus but time will come when it's over, everything will return to normal and we will use cash again. I agree if fiat collaborates with crypto for a better future in financial system, that's great.
There are news already about companies like visa and mastercard working on own crypto-fiat system, moreover kraken has started to work with several banks already - its happening
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Topic
Board Altcoin Discussion
Re: Ethereum 2.0 delays thread
by
imons
on 01/09/2020, 05:02:39 UTC
Ethereum 2.0 delays 1201 days and counting...
Initial story 18 months after release, Ethereum will switch from POW to POS aka Ethereum 2.0
Thursday, 30 July 2015 --->  Monday, 30 January 2017 ...... Friday, 15 May 2020   blah, blah, blah...
Be patient, it is not easy to change POW to POS, and they are still working on it, if they are Scammers then they will not do anything,
Ethereum will show that they are giants of the crypto currency platform
You joking right,  there are hundreds of coins who have done it without problems, first being Blackcoin. (Pure Proof of Stake since 2014)
30 January 2017 --> 22 August 2020 = 1300 days late
When you think things cant get worse:
https://www.trustnodes.com/2020/08/16/ethereum-2-0-testnet-breaks-into-4-forks?tncpw_session=c07ffdfdfc7c3d340b51ccb1fe572a4cd7af1705689a980f47b1e01b017b34f8
This takes reaaally long time, but we have to wait (what else we can do anyway?)
I believe it will improve eth heavily and it will lead to huge lead, so it worth the waiting time.
It took bitcoin several years to become an useful technology, so it doesn't happen overnight or even overthreeyears
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Topic
Board Altcoin Discussion
Re: Newbies are safer with top altcoins
by
imons
on 22/08/2020, 03:49:48 UTC
Newbies are safer with top altcoins until they start learning how to choose wisely, do better diggings on new project to avoid scams
Cov-19 have been used to scam many newbies and even Corona virus coins are built too which have no real use cases
Play safe and be willing to learn
Half a year later - there is no concrete evidence to claim that the point is true, if we're talking about bitcoin vs altcoins comparison.
However, if we would compare non top altcoins vs top altcoins - its is true, but it was like this all the way.
I mean its not about Covid, not at all. There always were scammers and they used any possible way to play their tricks.
Top altcoins always were safer than non top altcoins, but they were and are not as profitable.
High risks - high rewards, that is it imo.
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Board Altcoin Discussion
Re: 5 mistakes to avoid when investing in Crypto
by
imons
on 05/08/2020, 15:31:05 UTC
If you are a newbie in crypto world you are bound to make some mistakes but this thread is for you on how to avoind making those mistakes
1. You dont want to skip the learning part- You need to have an idea of what youre going to even if it is to make a research about it. You have read about an asset before you invest in it to know exactly what they are building.
2. You want to avoid using the wrong crypto exchanges. This is one thing you want to avoid because it can make you lose all your assets. You need to research about the exchange before even registering. Some exchanges have fake volumes and are not transparent enough.
3. You dont want to rely on a single coin- Diversification is very important when it comes to investment. You dont want to put all your eggs in one basket.
4. You want to avoid the fear of missing out (FOMO)- When you see everyone buying a trending coin you dont jump in, it might too good to be true
5. You dont want to forget the basic security. Keeping your private keys safe is very important. As a newbie you should understand how important private keys are. Also 2 factor authenticator shold be added to all your exchanges
I would rearrange those in this order - 14532
But besides arrangement your advices are extremely helpful and most of crypto newbies should see this on the "crypto market entrance"  Smiley
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Topic
Board Economics
Re: Why I am quitting ICO's
by
imons
on 30/07/2020, 17:23:36 UTC
Thanks for sharing your experience. I have the same opinion about ICOs. There are so many ICOs today, despite the fact that all initial offerings are high-risky investment tools, 90% of them are scams. So it's more likely that investing in ICOs is a way of loosing your funds. Just pure statistics.
Meanwhile IEO are not that scammy at the moment, but still provide good profit for investors.
I guess ICO could be safe and profitable but only when scammers will "forget" about its existence
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Topic
Board Altcoin Discussion
Re: Do you believe in Ripple?
by
imons
on 22/07/2020, 03:04:46 UTC
Hello guys, what do you think about ripple? I think it’s a centralized shit which is interesting only for banks and so on. However it is growing and people still believe in it.  why?
I don't understand this either.
Perhaps people are attracted with massive market cap of xrp, but thats literally the only thing that could be attractive about xrp.
Oh and obviously the price - there are plenty of crypto newcomers who want to invest in "next bitcoin" to be a billionaire.
Apart from these 2 aspects xrp is a total garbage which price is constantly falling for 3 years straight.
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Board Altcoin Discussion
Re: Always look at the coins MAX supply
by
imons
on 05/07/2020, 17:48:07 UTC
The supply of tokens is indeed very influential on the price of the token because the more stock of coins the more difficult it is for the coins to pump.
so the maximum supply of coins also needs to be considered before investing.
Nevertheless, lets not forget that lower max supply and/or burn of the asset does not guarantee higher demand (of shitcoin for instance)
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Topic
Board Economics
Re: Bitcoin vs. Cash Inflation — A discussion on which is better
by
imons
on 29/06/2020, 12:37:59 UTC
Only individuals in countries that suffer from a lot of economic problems and whose governments start printing more money will feel it so that they can pay salaries and the rest of the basic services.
These citizens will feel the difference in bitcoin prices because the price will differ from the dollar and will differ from the local currency.
The effect of the change in the price of the dollar on the local currency and the recovery of Bitcoin price will make them rich due to the exchange rate differences.
Unfortunately it is true. And even more sad that most of world economy is based upon a USD, so while us gov prints more usd to help US citizens - it kills value for anyone who is not US citizen
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Topic
Board Service Discussion (Altcoins)
Re: Thoughts on Braver browser?
by
imons
on 23/06/2020, 11:39:27 UTC
This could become a better version without those bull s..., now we know that Brave was set up just for the developers to make tons of money, they already had their token in the market, just enough for a profit, so why those ads and the referral links, they are like hitting many birds with one stone, rewards is not really high only have  less than $1 after a month with those ads.
yeah brave was so promising, but in the end its just a browser with ads and you get like couple hundred cents every month
and brave token isn't going anywhere higher and market is not bullish about it anymore
probably a lot of brave users feel a lot like fooled
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Topic
Board Speculation (Altcoins)
Re: 2020 rising altcoin
by
imons
on 04/06/2020, 05:25:44 UTC
I will not be specific but i think looking at the fundamentals and technicals all good projects and their coins are nicely placed for big future growth, personally im trying to accumulate eth, neo, ada, tron, xlm and xrp there are dozens of other good ones too so pick your coins and wait for the profit time.
I would highlight eth, neo, tron and would add xtz to these, their all-time charts will speak for themselves.
But I honestly don't understand how people do still believe in xrp - its on bear run for a year or so
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Topic
Board Service Discussion (Altcoins)
Re: Coinmarketcap or Coingecko?
by
imons
on 26/05/2020, 12:01:18 UTC
For example, I heard lot that P2PB2B is one of the bullshit exchanges because it has fake volume, but why on coinmarketcap can in the top 3?
Whereas on Coingecko P2PB2B is ranked 114, Does coingecko know if it's bullshit exchange? so it's not in the top 3 like in coin marketcap
So which one do you trust more?
I hope its the most common answer - you gotta check both and sometimes find another 3rd service to judge as accurately as possible.
I don't have any feelings about any service, its getting the right info
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Topic
Board Economics
Re: Rebooting the World after the COVID-19 Shutdown
by
imons
on 13/05/2020, 15:05:46 UTC
Countries all over the world are announcing their plans to emerge from COVID-19-inflicted lockdown, and the Asia-Pacific region is no different.
Even countries like Thailand and Viet Nam, that have not suffered a heavy infection rate or death toll, must now reckon with the economic damage caused by the pandemic, and are eager to cautiously reopen their schools and get people back to work.
most of big transactions happen to be in usd which was inflated heavily by us govs themselves
so even if a country hasn't suffer from covid that much - it still was affected by world quarantine
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Board Altcoin Discussion
Re: Crypto Futures
by
imons
on 02/05/2020, 13:56:22 UTC
If you mention other coins, there might not be anything like Bitcoin, but if you see some tokens that are already popular in the market, then the journey is also almost the same as what happened with Bitcoin, they become popular because they don't merely want to make a profit.
there are tons of great projects with some potential, but  we can't lie to each other that most of them will live through 5 years or even 10 years.
At this point the market and industry is too weak and young to make some rational predictions
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Board Economics
Re: is it possible that the bitcoin was created by governments?
by
imons
on 27/04/2020, 11:22:25 UTC
I dont really think so, if some government where behind the creation of Bitcoin and Cryptocurrency then they would lose all control with their citizens tax collections and unable to make revenue and even damaging their own local banks investment program and monetary system thus ruining their Economy.
at this point we don't know for sure, but we assume that darknet was a govs project back in the days
it could be possible that crypto is one of their projects that got out of hand too
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Topic
Board Altcoin Discussion
Re: Possible Effects of Coronavirus on the Crypto Industry
by
imons
on 10/04/2020, 11:17:42 UTC
Definitely, COVID-19 has a negative impact on every aspect from stock market to oil industry and of course crypto currency as well all has been ruined. It is still unclear what impact the digital asset industry will have on the medium and long term, Now investors are looking more closely at their investments than before. I think this COVID-19 has disappointed us from the bull run...
Like anything else, covid would have a negative impact on the price of crypto in short time but it would be much more beneficial to crypto in the long term as people realize the need of global co-ordination and the disadvantages of both cash and fiat money. This would also soften various political stands regarding crypto regulations.
Moreover, people do realize this now, because the quarantine pushed most of the companies to be able to work remotely.
So the disastrous virus actually expanded comfort zone of many people and businesses so we should be ready for big changes coming in the game very soon.
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Topic
Board Altcoin Discussion
Re: Build yourself a solid portfolio with good projects
by
imons
on 01/04/2020, 07:19:05 UTC
Hmm is Temtum project that good? I missed the bounty project willingly because of KYC requirement, I will try and do research on it today, honestly I find new coins to be very dangerous to go for at this time, old coins gives me better rest of mind
It was always just like that.
5 years earlier some people were investing in eth and others were investing in iota/xrp/trx or whatever and most of the people totally lost their funds to icos and shitcoins.
You can risk now and find that eth out of thousands new coin, but more likely you will invest in well known eth in order to save funds
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Topic
Board Speculation (Altcoins)
Re: Top 10 alts under $0.10 that can go 100x
by
imons
on 25/03/2020, 08:54:49 UTC
If I were you, I wouldn't place so much alt like that in my portfolio. The biggest losses experienced by investors in highly volatile times are from alts. Who still remembers the 2018 market crash which was led by altcoins with each altcoin giving around -85% to - 90% losses in value. Also most of the alts you mentioned are the lesser known. Lesser known are prone to dumps that coins everyone is talking about/actively trading.
yeah exactly, I have shared only 7% of my portfolio to such high risk high reward alts so I wouldn't lose that much just in case some real bad stuff happens.
And I personally don't see situation when you want to invest a lot in them - if you're low on funds, you don't want to risk 'em all, if you're extremely rich than most of your investments should be on safe haven