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Messages - CSquaredCollective

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News related to Crypto / Re: A crypto crash wiped out $1 trillion this week

« on: May 24, 2021, 10:15:55 PM »

when your grandmother and your son's bus driver ask about bitcoin (and dogecoin!) one should've known a correction in crypto was going to happen soon. consolidation could be good for true believers and won't stop innovation in the underlying technology to keep the space going strong.

Binance Smart Chain + Ecosystem / Re: Wallet BNB and Binance Smart Chain.

« on: May 24, 2021, 10:11:19 PM »

getting and moving BNB around was troublesome for me. Several exchanges (including Binance.US!) do not have the option of withdrawing/transferring BNB to BSC/BEP20 wallets/address, but only to BEP2. Sad.

NFT Marketplaces / What about Ebay?

« on: May 24, 2021, 10:01:58 PM »

I read that Ebay now allows the listing of NFTs. Anyone has experience buying or selling NFTs on EBay?

NFTs & Collectibles / Re: Which wallet NFT support?

« on: May 24, 2021, 09:57:12 PM »

NFT = non-fungible token. NFTs can be created on various blockchains. Ethereum seems the most popular. ERC20, ERC721, ERC1155 are different token standards on Ethereum blockchain. A Ethereum wallet should be compatible with them.

Find out what blockchain the NFT that you are interested in is based on, then find a wallet that supports that blockchain.

Cryptocurrency discussions / Re: Is it risky to invest in new crytpo coin/tokens???

« on: May 24, 2021, 09:51:33 PM »

There are shitcoins and there are shitcoins. Yes, most go to zero. But if you find you that goes 100x (or even 1000x), then you can afford some to go to zero.

But community, hype, and trading (and discipline) are all important to choose the right coins and not put too much in.

If that's not your cup of tea you can go with older more established coins. If you know them well you can access leverage (futures, options, etc.) on them that can also multiply your profits.