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Messages - Folderol

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1
Sorting Box / Re: What happen to your wallet/token after death?
« on: November 18, 2022, 11:01:08 AM »
You need to keep your private key safe and only share it with one family member in case anything were to happen to you.

2
I agree that bitcoins are for long-term investments rather than trading. You can also go for Ethereum. With a market cap of $198 billion, Ethereum is the second-largest blockchain network in the world.

3
If I had so much, I’d probably invest half in bitcoins and half in altcoins such as Ethereum and Solana. Even though the decline in the price of Bitcoin is concerning, it's important to remember that the cryptocurrency market has a good scope. By investing in a variety of crypto currencies, you can protect yourself from market volatility and earn good rewards in the long run.

4
Cryptocurrency discussions / Re: Getting Rid of Fiat Money
« on: November 10, 2022, 11:08:57 AM »
In general, fiat currency prices are more stable than cryptocurrency prices and values. Because cryptocurrency is still relatively new, it may one day be as stable as money. Each has pros and downsides, but cryptocurrency use is increasing. While cryptocurrencies can be used to make payments, we are not yet at a place where they pose a danger to fiat currencies.

5
Cryptocurrency discussions / Re: Which crypto should I invest in today?
« on: October 10, 2022, 08:04:23 AM »
When it comes to investing, I always believe Bitcoin tops my list. The scarcity makes it even more lucrative. If you have a high risk tolerance, a strong financial position, and want to grow your portfolio's exposure to digital money, Bitcoin, the largest cryptocurrency by market cap, is an excellent investment. However, it is not a foregone conclusion and everyone should conduct their own research before making any decision. Some see it as a red flag because of its excessive price volatility, regulatory uncertainty, and limited utility.

6
Sorting Box / Re: Investing in cryptocurrency ....
« on: October 10, 2022, 08:03:12 AM »
It’s always a good idea to invest in cryptocurrency. To understand what suits your plans and time frame respectively, you should do research. Checkout BTC, Ethereum, etc. there are many to choose from. I have invested in BTC and have been holding it for a year now.

7
I am using CapitalWallet, you can check it out too. The transaction fees are 0.5% and they have always processed my payment requests instantly.

8
Sorting Box / Re: Things You must know before trading !
« on: September 23, 2022, 09:42:07 AM »
The best thing you can do is read a bit, start trading! Practice makes perfect so do not get lazy and try to aim higher. It is not easy to trade due to the risk levels that are always on the extreme end. Just make sure you know you’re making informed decisions.

9
As the crypto market is more volatile than the forex market, I believe it is more profitable as you get more chances of finding a suitable buyer or seller for the cryptocurrency you are interested in.

10
Cryptocurrency Trading / Re: My trading strategy: profit is not based on USD
« on: September 21, 2022, 11:22:02 AM »
It doesn’t really matter what the rest of the world is doing. All that you must care about is how well you can take advantage of the market you want to build your career in. Start with the easiest coins that you understand and then move towards the top.

11
Bitcoin Forum / Re: Elon Musk Shakes Bitcoin Price
« on: August 04, 2022, 09:36:22 AM »
Although Elon has moved the price of Bitcoin, I don’t think it’s that much of a movement. I believe people have started to recognise their manipulation tricks and all that stuff. No one takes Elon seriously now.

12
Sorting Box / Re: Top 3 NFT projects to explode in 2022
« on: August 04, 2022, 09:28:58 AM »
Some other NFT projects in the news are:
FLOW: It is one of the most advanced and decentralised platforms for launching NFT games and other digital assets.
SOL: Its low costs and unbeatable scalability is what makes it stand out from the crowd.
ALICE: It is a unique gaming platform that involves easy, fun games to play and has a storyline. 
WAXP: Worldwide Asset Exchange or WAXP has a mechanism for authenticating the digital goods sold in its marketplace. This is the reason why its popularity is increasing.
XTZ: Along with low fees and high scalability, XTZ has an auto-update feature, which means that it gets improved without needing any hard fork. It is efficient too.

13
Cryptocurrency discussions / Re: Welcome to the Bear Market.
« on: July 27, 2022, 08:18:44 AM »
Recently I read an article about Grayscale researchers saying the crypto bear market may last for another 8 months. Still it is a good time to buy and hold for the long term.

14
The release of new coins can be an essential part of maintaining a healthy cryptocurrency ecosystem. By injecting new coins into the market, developers can help to keep prices stable and encourage trading activity. This can in turn lead to more widespread adoption of the currency, which can only be a good thing for its long-term prospects. Of course, care must be taken not to flood the market with too many new coins, as this can lead to inflation and other problems. But if managed correctly, the release of new coins can be a key part of keeping a cryptocurrency healthy and vibrant.

15
Sorting Box / Re: Is crypto still a future currency?
« on: July 26, 2022, 02:44:21 PM »
You need to be more specific since we have so many crypto currencies in the market and not all of them are valuable. Still I feel Bitcoin can surely survive in the long run and maybe emerge as a global currency in the future. It is already very popular and is used as a medium of exchange by many. The mass adoption will not happen anytime soon but there is a possibility for sure.

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