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Showing 20 of 1,728 results by josephdd1
I've made huge amount of money in crypto space since 2020 and now I'm more interested in bear market, with the way things are going now it looks like accumulation rate will keep getting rid of bears for a long time, I'm just curious is bear market really coming? If yes what do you think will cause the next bear market?
Sorry if I sound annoying 😅 I just want me some top altcoins at cheaper rate for next halving season
I absolutely agree with you. I am also looking forward for a bear market so as to buy fundamental coins for better prices, so as for now, I am selling off altcoins and accumulate stable coins. Sorry if I sound annoying 😅 I just want me some top altcoins at cheaper rate for next halving season
The next bear market will be not because of some bad news, it will be cyclic as everything on the market works in a cycle so as there was a long bull run, it must be a correction.
The best way to invest money is ICO, IDO and other presales. This way of investing is recommended even to newbies, if they invest in projects that have good fundamentals and a big number of partners and funds. Actually, it is difficult to be whitelisted and get an allocation so as to be able to buy tokens before their listing on an exchange, but if you devote to it enough time, you might get big profit.
We all know that market is collapsed and reviving again and i don't want to miss this opportunity which coin or coins should i buy?
I don't think that it is a right time to buy. There is too much uncertainties, so it is better to wait a bit more and start investing in a dip. In my point of view, crypto winter is about to start so actually, we should wait for better prices. Personally my plan is to wait for a dip and then invest in mainstream currencies such as Bitcoin, Ethereum, Matic, BNB.On December 13, 2021, 90% of the total Bitcoin supply was mined.
It took 12 years for 18.899 million units of the main digital currency on the market to be extracted. However, the remaining 10% should take around 100 years to enter into circulation.
From 90% already in circulation, about 3.7 million Bitcoins are reported as "lost", due to users losing their password or the death of the holders.
Do you think it will be now that Bitcoin starts to appreciate even more?
What are your prospects for the next few years with regard to Bitcoin?
Bitcoin is limited and this fact gives additional value to it. Everything that is not infinite is appreciated much more. As for the nearest future, I think that Bitcoin will be adopted as a means of payment by more and more companies and countries with a weak economy. The price that I predict for Bitcoin is around 200 000$. It took 12 years for 18.899 million units of the main digital currency on the market to be extracted. However, the remaining 10% should take around 100 years to enter into circulation.
From 90% already in circulation, about 3.7 million Bitcoins are reported as "lost", due to users losing their password or the death of the holders.
Do you think it will be now that Bitcoin starts to appreciate even more?
What are your prospects for the next few years with regard to Bitcoin?
Actually, I don't know when the last Bitcoin will be mined as mining difficulty rises within time.
There are many celebrities who release their own NFTs, but actually, I don't think that it is a very good investment. If this picture (video) is not backed by something, most likely you will not sell it on the secondary market. Sometimes such NFTs give you an opportunity to have an appointment with this famous person or get tickets for concerts with a discount then, it is better, but still, I would rather not buy such NFTs.
Actually, staking is a good way to get passive income, that don't require too much time. You just need to choose a staking platform, deposit your money, and then you just come and claim your rewards from time to time. The only problem is that if you want to get tangible income income, the minimum sum of money that you should have is about 5-10 000$. Also it is important to choose a right platform, so as to avoid scam or hack.
Re: Your opinion about Tokens which is based on environmental sustainability
Actually, I think that it is reasonable to invest in such projects only if you believe in this industry and want to contribute in our environment. That's very noble. But the thing is that the majority of people don't care about these problems, so they would invest in such projects only in order to get profit. If you are chasing the same goal, you had better look for something another so as not to be disappointed then as I don't think that such projects will attract many investors actually.
There's a friend about Bitcoin last 2 years who have no interest in it but I was surprised when he came to me last week to tell me what he need to know about Bitcoin. I asked him why the sudden change of heart, he told me about the testimony he hear from someone and how he would have made enough profit effortlessly.
He's still a newbie. My question is, is there a way or link for to explain Bitcoin to newbies?
Apart from the forum rules and regulations is there a thread on this forum that explains in detail the whole concept of crypto currency on this forum?
When my friends ask me to explain what Bitcoin is, I start with explaining what blockchain is. Blockchain is a chain that contains records of all transactions where address and values are put. Then I explain what problems must be solved thanks to Bitcoin: transparency of the financial system, no control and regulation from authorities. And then they usually want to hear how to earn on this market.He's still a newbie. My question is, is there a way or link for to explain Bitcoin to newbies?
Apart from the forum rules and regulations is there a thread on this forum that explains in detail the whole concept of crypto currency on this forum?
First of all, crypto market is one of the easiest market to enter. So as to work on stock market and invest in bonds and shares, you need to open an account with a broker sometimes you need minimum entry threshold, but on crypto market, you just need to download the wallet and register on an exchange. It is available for everyone.
Also young people are more susceptible to the illusion that you can make a lot of money quickly and easily.
Also young people are more susceptible to the illusion that you can make a lot of money quickly and easily.
Many things are difficult to predict, today's NFT looks promising of course many people think that NFT can last for a long time, I don't want to be stuck with predictions like that, as long as this can be profitable then we take advantage of it, but if tomorrow NFT dies then I won't too regret.
Actually, you are right that it is better not to be stuck and be ready to change your sphere in crypto world so as to be in trends and make money on it. In terms of NFTs, I think that they will develop as tools for storing data and documents. Companies will tokenize different things so you will get rights on these things confirmed by blockchain and unique token.Hey Guys
Do u think CAKE value will increase at new year
I know that Cake is a token of a reliable defi-project, so it will surely survive in the long-term, so I continue holding it. Its price is influenced by Bitcoin's price, so when there will be a new bull run, cake will also definitely grow. I invest in differen pool on Pancake swap and I get good APYs for that nevertheless, there are corrections of almost all altcoins now.Do u think CAKE value will increase at new year
I always tell people about what I am doing and what crypto is when they ask me, but the thing is that the majority of people are not ready to change something and learn something new. They are used to earning money on their work and they don't understand how to make money just investing in crypto currencies or do staking etc. I think that such people are just lazy when they snub opportunities and I can't help them.
Re: How far is bitcoin from full adoption (100% mass adoption)?
I can give no more than 2%. Judging from my country, Bitcoin and crypto is really unpopular. We don't have ATMs for crypto, our banks don't offer crypto services and the majority of people don't know about this technology. Maybe the situation is better in other countries. From news I know that Bitcoin is a national currency in Salvador, also different companies start accepting Bitcoin as a means of payment, but still it is too far from mass adoption.
Meme coins are good for fast profit in a bullish market. If you comply with risk management and don't invest too much, meme coins can really bring you profit, but still it is hard to guess whether it will be one more pump or meme coins will die. Not having any real use-cases, they will be abandoned in the future as they have been supported only by hype.
Re: What is better to invest your funds in if the alt season starts?
Let's imagine for a second that the alt season began in early 2022. What to do and in which market segment to invest your funds? NFT P2E or DeFi, or is it better to invest in tokens of promising blockchains like NEAR AVAX MATIC DOT ATOM?
Everything depends on trends, as I think that hype of metaverse will continue, I would rather invest in tokens that are connected with blockchain games and metaverse. Also I see a big potential in alternative blockchains, so I invest in near, dot, bnb, matic. They take up a large part of the market now as they are cheaper and faster than Ethereum.Blockchain-based gaming may prove to be lucrative, but it's not an ideal long-term solution due to Blockchain tech's limitations. For games to scale, they'd need to run on a centralized server. There's no other way. But the hype has led game developers to foolishly believe Blockchain is the ideal solution for everything. I'd imagine how gamers will be frustrated once the Blockchain becomes heavily congested. Fees will soar while performance will decline considerably. And don't let me get started on bear markets. With these and many other issues, I don't think gaming on Blockchain is the future. Just my opinion
As for games' potential, I also don't think that gaming is our future. Actually, I am not really fond of computer games and there are many more useful technologies than just gaming.
Re: Do you think Elon accepting Doge at Tesla will stop the latest slide in prices?
Actually, I don't think that this news is capable of breaking the trend. When Elon Musk declared this, Doge grew up by 25%, but it seems to me that red market will continue. Elon Musk influence mostly meme coins, but he doesn't have such a big impact on other cryptocurrency. Actually, I will not get to know about this if you didn't write about this, so I think that there are many other people who don't know about this as well, so there will be no reactions from their side.
Actually, I believe that trend of metaverse will continue as it is a revolutionary technology that opens big opportunities to us. We can perform many functions with help of metaverse. We can interact with others at a distance.
Nevertheless, privacy and security are also very important. There is too many hackers and scammers so we need a more sustainable system with less opportunities for hackers to cheat us.
Nevertheless, privacy and security are also very important. There is too many hackers and scammers so we need a more sustainable system with less opportunities for hackers to cheat us.
Crypto continues dropping these few weeks which is more than a manipulation or a correction. It seems that crypto continues to crash and no chance for pump up in these few days. Is the bearish market starting? Or that’s the end of crypto?
Could anyone answer me?
I follow some bloggers and they say that there will be one more short-term boom and then it will be a long bear market, they just compare the situation now with the similar ones in previous cycles. Personally my plan is to sell off altcoins and sit out this bear market holding Bitcoin, ethereum and stablecoins so as to enlarge my positions on a dip.Could anyone answer me?
As I know the only way to mint Cakes is to invest in some pools on Pancakeswap and get rewards in cakes. The increasing of a circulating supply doesn't increase the value, but as long as demand is high and there are a lot of users of Pancakeswap, the price of cake will also be high. What is more, Pancakeswap is declared to be decentralised so nobody can print more tokens.