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Messages - masterrex

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Cryptocurrency discussions / Re: What are the best crypto tokens to invest in for 2022?

« on: December 29, 2021, 10:36:10 AM »

Quote from: DashaShefer on December 27, 2021, 11:29:18 AM

Hey guys!
I'm currently looking for the best tokens I can invest now and holdl for a while. It would be really nice to hear your thoughts and recommendations on this topic. The only thing is that I don't really trust the new and not time-tested projects, so please share the well-established ones. Thanks!!

I guess you must be done it based on your own knowledge because others might influence you to buy the token of their choice and not yours, Anyway I can give you a working tip for choosing the right one, the trend in 2022 would be from the Web 3.0 GameFi and metaverses just choose those Networks that currently done and promoting this. like Polygon's Matic. BSC's BNB and SOL for Solana.

Cryptocurrency discussions / Re: New projects are just for Raising Funds..

« on: December 28, 2021, 04:28:26 PM »

IMO, I think most of the projects has done that, to help finance the project development at the early stage, so technically they need to raise some funds for that purpose, Anyway on other aspect many projects have intended to raise funds to scam people and that was happening til now thats why beware of those project.

Cryptocurrency discussions / Re: WHICH IS BETTER ETH or BNB???

« on: December 28, 2021, 04:21:29 PM »

Quote from: Techno Dude on December 24, 2021, 06:24:33 PM

What is your CHOICE??

What do you prefer to use more, Etherum Network ($ETH) or Binance Smart Chain Network ($BNB)??

I'll be waiting for a reply in the replies section!
Cya!

Honestly speaking, Im a long time Ethereum Fan and user since 2015, But it change a lot in 2021 when the Ethereum gas fee becomes too expensive that it's not sustainable to handle that's why Im temporarily migrated to BSC and so far I was satisfied with faster transaction and much cheaper TX fees compare to Ethereum Network so I will choose Binance this time.

Cryptocurrency discussions / Re: Is crypto in danger should I sell at loss or will it recover?

« on: December 27, 2021, 04:17:30 PM »

Quote from: benchilwell21 on December 13, 2021, 07:02:46 PM

Hi guys,

I bought crypto before the huge price drop happening. I have about £2k invested in crypto (Solana, Cardano and Shiba) and about £4k invested in stocks.

Currently my total crypto is showing at about £600 loss so value is £1400 at the moment and I invested £2,000.

So my question is do you think 2022 will be a better year or crypto or do you think prices will continue to keep dropping. Do I sell at a loss now or will thinks pick up in 2022 and I will make over the £2,000 invested or will prices do you think continue to plummet?

What would you do?

Just to clarify that I am willing to hold crypto for up to 5 years if there is a chance that my initial investment will double at least?

I guess you are just confused regarding how the cryptocurrency market behaves recently? But I believe also that before you enter into the crypto market you already know the risk associated with it. just notice this, if your crypto holdings price and value has declined it doesn't mean that you already losing it because as long as you hold it and it was intact you have still a big chance to recover those lose in value. so just hold.

Cryptocurrency discussions / Re: Can cryptocurrency do away with fiat?

« on: December 26, 2021, 04:06:20 PM »

I think in reality it's not until our respective government central bank has continued to print money, the centralized money called fiat will be the main currency in the world because there are only a few stores that accept cryptocurrencies as a payment that's why it's not reliable to buy our necessities cryptocurrency, for now, must co-exist with Fiat to survive and that's for real.

Cryptocurrency discussions / Re: TOO MANY ALTCOINS & TOKENS?

« on: December 26, 2021, 03:59:35 PM »

Quote from: Techno Dude on December 25, 2021, 02:59:02 PM

Why are there so many altcoins and tokens out there..
Are their founders just interested in making money and getting rich? Or is there something else behind this?

IMO, I believe that the main reason is they are doing some "fishing expedition" Let us say that the crypto market is like an open ocean that has been much fish to catch, It is comparable since most of the projects are selling tokens in order to raise some funds for the development of the project that's why many people are doing that in a couple of years now with or without knowledge.

Cryptocurrency discussions / Re: Which Investment on Specific Tokens. Long Term or Short?

« on: December 26, 2021, 03:52:38 PM »

Quote from: Techno Dude on December 25, 2021, 02:52:17 PM

I started trading recently with a budget of $1000.. but soon suffered from a loss of more that $200..

What should I do now?

The question is what coins did you use for trading? Is it Bitcoin or Altcoins and how did you lose on what occasion? did you sell your crypto at a loss? if that's the case it's your own fault because you didn't wait for the market to recover.

Your capital is low and if you doing some trades with that amount you better be awake because the risk is high Anyway if have tried arbitrage your $1000 dollars can be split into two? but you must be using a terminal because it needs 2 or more exchanges.

Note, Your OP is not giving complete info, thats why my answer is just based on speculation because I don't know what was the reason why you are losing $200 dollars as you said.

Bitcoin News & Updates / Re: Russia to Criminalize Bitcoin Use..

« on: December 25, 2021, 02:13:54 PM »

This is an old story and it was not implemented because until now, it is fine to trade and hold cryptocurrency in Russia so there's nothing to be worried about because it does not happen, Anyway, In 2018 there is an article discussing that possible cryptocurrency ban and it might be happening in Russia but its already 3 years now and there's nothing happen so its a hoax story.

Cryptocurrency discussions / Re: Can't Wait For Ethereum 2.0

« on: December 25, 2021, 02:03:59 PM »

As my previous statement and observation about Eth 2.0 upgrade, I guess there's no progress at all, the transaction fees are still expensive the Network speed still slow, besides they are already implementing a new chain, but it seems that the network is not improving, because the problem still persists and that's my personal observation.

Cryptocurrency discussions / Re: Why the increase of fake crypto project?

« on: December 25, 2021, 01:54:39 PM »

It's no other obvious reason but the greed for money those scammers that initiated a fake crypto project are those greedy people that want easy money at the expense of other people hard-earned money, As we observe nowadays when the Ethereum gas fees are expensive the scam crypto projects on Ethereum was reduced and because the BSC Network are getting popular nowadays it is the new haven for scammers that frequently creating a fake token/project that's why? beware everyone just check before you invest if the token/project is legitimate.

Cryptocurrency discussions / Re: Can we say that the End of the Bubble is Near?

« on: December 24, 2021, 04:46:23 PM »

Quote from: Fenix on December 24, 2021, 03:33:46 PM

Quote from: S.coastapps on March 30, 2018, 09:39:16 AM
Now the Crypto feels stress in the Crypto market. So can we say the Bubble will end now?
About four more years have passed since the date of writing this topic, but the cryptocurrency continues to exist and is even developing very well and multilaterally. It cannot be denied that cryptocurrency as a whole has the properties of a financial bubble. But it cannot be simply compared to what we knew about financial bubbles earlier. This is a completely new financial asset and no one knows how it will behave in the future.

I agree mate, the crypto industry is slowly maturing and continuously developing, that's the reality, and the so-called crypto bubble is already long gone because the crypto industry was already adopted by the mainstream and continues to gain recognition throughout the world that's why we can expect more big developments in the years to come.

Cryptocurrency discussions / Re: Blockchain is now an official part of China's technology strategy.

« on: December 24, 2021, 04:38:25 PM »

Quote from: MrSpasybo on April 25, 2020, 07:05:50 PM

What do you think about the impact of cryptocurrency development and dissemination in China? Positive or negative? CDBC and other Chinese tokens will help the crypto world to grow or make it be chaotic?

After the Chinese Government's action to ban the proliferation of cryptocurrencies in China, It becomes clear now what China is up to? they want a total domination of digital currency and use Blockchain as a Tool for edging its rival the United States and it's not good for the crypto community.

Cryptocurrency discussions / Re: Bounty Scam Will Soon Be A Thing Of The Past

« on: December 23, 2021, 03:21:39 PM »

This OP was started way back in 2020 almost one year already has passed, but still, the bounty scams persist, and the liquid cryptocurrency paid campaigns have become normal but the budget was reduced too much plus the uncontrolled participation become rampant that's why bounty campaigns are no longer profitable and slowly fading.

Cryptocurrency discussions / Re: Things To Get Excited For 2022?

« on: December 23, 2021, 02:46:46 PM »

Quote from: TomPluz on November 29, 2021, 06:06:45 AM

Well, it is just matter of days and then we are about to say goodbye to the colorful and chaotic 2021 and say hello the new year 2022 which I think can even be more colorful and more chaotic. In the world of cryptocurrency, but things will be happening in the industry and there will be personalities that will shine and events that can be oasis for greater things to come for years.

So what are the things that we can look forward to in 2022 aside from the continuation of already existing big trends this year? I am expecting more exciting developments on Metaverse, GameFi, Web 3.0 projects and fusion of these elements in different platforms.

Share your predictions.

I'm excited to see what is the next big trend besides those three that you mentioned Metaverse, GameFi, and Web 3.0 projects, But I was expecting a hybrid platform with a combination of that said innovations, and also we must don't ignore the Defi sector because they are still making some noise in the crypto market lately.

Cryptocurrency discussions / Re: We are Slowly Bouncing Back

« on: December 23, 2021, 02:32:59 PM »

I guess that market data has not agreed with that opinion, because the market trend was still at its weakest point, as the new year is fast approaching, the selling pressure is high because of the continues liquidity of some positions and I think its simply stating that most of the investors primarily the traders are needing funds for the holiday and new years celebration.