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Messages - Faisal2202

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Bitcoin Forum / Re: Joinmarket.net (discussion) experience?

« on: Today at 05:53:26 AM »

Quote from: SamReomo on May 19, 2024, 10:39:15 PM

I haven't used Joinmarket.net personally but I can surely say that you should be careful from it because it's not worth it to go after a platforms whose domain name isn't a good one. I would never go for that one even if it become the last option for us.

We should not judge a book by its cover, and I don't find anything unusual in the domain name. Although it's but unsophisticated for a wallet with conjoin function in it. If that's what OP is seeking. Besides I did not find any good link to the site, all I find leads to a dead page, where this domain name exists but the content is not. I suppose OP heard of it from Reddit.

Hey OP can you provide a link, so we can search a little more about it, speaking of a wallet with a conjoin feature free from the feds, I think not a single wallet is save from the prosecution by the feds now. If there is any they are going after it. Well, I read some posts, and find out that its a GitHub directory, well, most people won't use it then, they want a sophisticated and easy to install program, they don't want to use a program hard to install and understand. They think of it as scam.

News related to Crypto / Re: Venezuela bans crypto mining to protect power grid

« on: Today at 12:35:12 AM »

Quote from: TomPluz on May 22, 2024, 03:55:06 AM

Due to economic mismanagement, things spiraled to its gloomy situation right now, years after the death of Hugo Chávez. This move by Venezuela can mean opportunity for other Latin countries willing to take mining business into their land.

Venezuela was considered a haven for BTC and every other crypto miner as due to the cheap electricity there, but some bad actors doing illicit activities (corruption) now have eliminated a source of lot of innocent people who were doing nothing wrong. I mean 2000 devices is not a big deal that you (authorities) planned to ban it. They should impose some taxes considering the amount of devices one owns, or the profit one makes. I mean we will call it progressive tax I think.

This is not good news for many miners, they might find it hard to move there devices to another place or find another source of energy. I say the Venezuelan authorities did made a good choice at the moment, as they prefer to stable the electricity and many miner might be overusing and wasting it. Its a good initiative if seen from citizens angle They will get more supply now I hope.

News related to Crypto / Re: RIP Kabosu, the celebrity canine who became the face of Dogecoin

« on: May 24, 2024, 11:58:50 PM »

Quote from: TomPluz on May 24, 2024, 04:16:14 PM

I am sure that the story and journey of Dogecoin would never be more colorful, exciting and enigmatic without the character of Kabosu, the Shiba Inu, who has been the face of Dogecoin since we can remember. Now, would this be an omen for Dogecoin of a lot better to come or do you think this can signal of something gloomy for its future? At any rate, I am sure we owe this famous dog some good level of gratitude and appreciation and may its "soul" rest in peace in dog's heaven...

To be honest I did not know before that the dogecoin icon has been taken from a real-life dog, although I did hear about it a long time ago maybe I was not into crypto then well, I am not so much interested in meme coins maybe that's why I never heard or read about it. Well, its a sad thing. BTW did the owner of this dog make any money due to the fame or not? I think he did not as I have seen many carbon copies of this dog breed on the internet till now before knowing this fact. And now I think that's why I never believed it.

Well, this event will give rise to more meme tokens, and they will probably going to use the kabosu icon and put a golden ring on her head. We will definitely going to see this meme coin and this will also get a lot of trading volume as well. BTW will Elon talk about it again or he will leave this token for eternity? And will find another one!

News related to Crypto / Re: Nigerian Securities Regulator: Crypto Exchanges Complying With Naira Delisting

« on: May 24, 2024, 11:36:55 PM »

Quote from: TomPluz on May 21, 2024, 01:57:35 AM

What is happening in the cryptocurrency industry in Nigeria especially concerning cryptocurrency exchanges and its native currency Naira can be worth watching as I am sure we can be learning many lessons in here. I understand that there will no more be P2P so Nigerians may have a hard time to convert their digital assets to Naira...a situation that can directly hit the people who are into crypto. I am watching what can be the creative ways to get around with this development and if this can "kill" the fledging cryptocurrency industry in that African country. Now, instead of the government appreciating that people are getting involved with crypto, they assessed that it is a tool that undermined the country's currency. Since, the government made sure all crypto exchanges are complying, let's see if Naira will appreciate in value, otherwise it would be clear that the Nigerian government can just be delusional.

You are right, their aim is to back the Nigerian currency a little bit, so it could become more strong, but I think it will not become more strong, instead it will become a little bit more stable but will still be volatile as it was before. Because delisting of the Naira will stop the direct manipulation and speculation of it, but people as usual will come to find a way to do it indirectly. I wonder what that would be. Maybe buying USD and then converting those USDT to Naira via some 3rd party finance app.

I hope they won't have to pay more taxes in this procedure. I have seen a lot of news where the Nigerian government is making changes to improve there local currency but I don't know if it has a success till now or not. Let's see this one as well. I hope it won't come as delusional because they will make it sure haha. Govenrments can do anything.

Cryptocurrency discussions / Re: Crypto Events, How Could They Impact Crypto Prices.

« on: May 24, 2024, 10:43:59 PM »

Quote from: Mega Mind on May 20, 2024, 10:15:01 PM

I mean we are remembering the day when someone bought a pizza with 10,000 BTC, if we remember events like this, it could inspire the trust in BTC and may might want to benefit from it believing that it could rise up in future, I mean, nobody will like to be like the guy.

Yeah you are right, this event did not only serve the purpose of that one sacrifice that was needed to initiate the public sale of BTC, although BTC was traded before this trade as well. But this one got more hype. As it was public, not among Satoshi and Hal Finney. It also served the purpose of giving a lesson to those who want to sell it. As many people might consider this event as a lesson or excuse to no to sell otherwise they will regret it.

And I think we should really not take this event in that way while selling and buying should be logical base, not emotional or past events based. So, we should make proper analysis instead of linking ourselves to an emotional event I take it as emotional because it makes me haha. I think of it as a great sacrifice that Laszlo has made. I hope he would have made more BTC till now.

Cryptocurrency discussions / Re: What Altcoins Do you have?

« on: May 24, 2024, 09:32:55 PM »

Quote from: akeemqaz on May 16, 2024, 02:29:43 AM

I just buy different kinds of altcoins. These days, I mostly buy memecoins and I was lucky to make 10x from my Mog purchase. I actually noticed it after Bitget listing, I bought and it went crazily.

Hmm never bought a meme coin in my time here. I believe that investing in Meme coins is almost equals to gambling because they are just so volatile that once they are at the top and in the next moment they are making you a huge lose. Once I get some meme coin as a reward due to some activities on the base network. You can say it was an airdrop, and the amount was high 5 seconds ago and in the procedure of selling it, it loses 3 to 5 dollars. Then I realized how volatile they are and I was afraid of this.

I don't know how you people are able to trade in these tokens, please don't mind if any of my words are making you feel offended because I don't meant to say you are doing wrong, I am just shocked that how people do trading in meme, and doing spot is a thing doing future and margin is next level in memes.

Cryptocurrency discussions / Re: Tokens, Their Real World Use And How To Spot Them.

« on: May 24, 2024, 09:28:44 PM »

Quote from: Mega Mind on May 21, 2024, 05:30:02 PM

As a trader and active participant in the crypto space, I came across VeChain, which is not a new token in the crypto setting, but aside the fact that it focus on business track and manages their products caught my attention. What do you think about this project, has anyone seen it lately too I you have anyone in your rader, you could also share to and how we can spot them.

I don't usually see there real-world use cases, because many new and little bit old projects don't have the real product in their hands and they release there tokens, for example, in my time as Bounty Hunter, I was promoted for many projects, the count exceeds 500 maybe. And most of them don't have the real product and service in there hands but still they are promoting it. I sometimes wondered if they don't have the product in the market yet, and why they are paying us to promote their project? Although some of them were spam projects which I didn't know as I was also a newbie once.

Well, now the times have changed, people and VCs have become more mature now. So, it is easy to find a good project to invest in. Speaking of this VeChain token, never heard of it, or if did nothing coming to mind right now. But I checked it, token seems to be very old as of 2015 which ensure longevity and trust but lacks the potential, the ATH is very low, the narrative is not so good. Although partners are good, but those partners would already by out of the game and took the profit a long ago. If they are making new partnerships then its a go otherwise I don't like it. Don't take it as financial advice so DYOR please.

Cryptocurrency discussions / Re: Do you still believe in old coins?

« on: May 24, 2024, 09:20:51 PM »

Quote from: koang on May 21, 2024, 05:50:26 PM

Quote from: Celsius on May 21, 2024, 08:50:55 AM
The old coins are not becoming very popular in the current market because all the other new coin markets are increasing in price but the old coins are not able to correct the price in the market.
Old coins have liquidity, so we can buy and sell easily without drastically affecting the price, and sufficient liquidity is an indication of a healthy market.

It's a good point, new coins lack liquidity and most of them even rug pull or make some excuses to fill their own pockets. For example new project Nyan did it, they were to release funds for airdrop hunter before 30 minutes but they did not, and made an excuse that the distribution API was having some technical problems, I think they just made a lame excuse to sell their tokens to make money.

And when they made enough money they gave hunters tokens around 12 to 13 hours later. I think there are more projects like this, I hope you might have heard about Block, they also did the same. But with different technique. There are more but the point is trust have been built on these old tokens, and TBH I am investing most of my funds in old tokens.

Cryptocurrency discussions / Re: What factors do you consider before staking?

« on: May 24, 2024, 04:03:22 PM »

Quote from: Smcchamp on May 23, 2024, 07:30:27 PM

Hello everyone, I assume most of us are familiar with staking as a passive income avenue, whether on DEX or CEX platforms.

I'd like to ask, what factors do you consider before choosing a platform for staking? Is it flexibility, APY, or something else? Secondly, which platform do you believe offers the best APR for staking BTC, USDT, and ETH? Please share your opinions.

Yeah I am familiar with staking they are a good source to make money and to lose money as well. Because people take this sector for granted as a money-making scheme while they don't know the factors to consider before choosing one. And end up losing their funds. I am seeing most of the people right now only staking in those platforms that don't have there native token yet, as gives them another opportunity to make money via airdrops.

As these types of platforms when release there native token, they reward their early users, some prefer these platforms and some don't even want to do staking but still do it to gain the reward in the form of airdrops. Speaking of myself, I only prefer staking which don't have fixed APY I know most of the people prefer fixed but I think we should go with the one that's not fixed as it would allow us more flexibility even when we are facing lose.

Cryptocurrency discussions / Re: Do not use Windows to store your crypto.

« on: May 24, 2024, 03:58:44 PM »

Quote from: NotATether on May 23, 2024, 02:06:49 PM

It is better to use Mac OS or Linux instead of Windows if you have any wallets.

I understand the motive of the post but why did you just come up with this idea, does something happen with Microsoft OS or you just don't like it, I know it is vulnerable to many viruses, but IMO we should never say other OS are not vulnerable, although they are definitely the best choice for us. Although not everyone afford Mac OS but yeah Linux can.

But most people involved in crypto are not using laptops, I know its strange, but I have seen more people involved in crypto with no desktops or laptops then those involved in crypto with smartphones. I might be wrong. BTW, I am also facing some problems with my laptop from yesterday don't know the reason, all of my browsers shuts them down automatically. Well, I thought something is happening and I am unaware of that, and this post come in front of me. looking forward to know more.

Cryptocurrency discussions / Re: The most promising AI coins of 2024

« on: May 24, 2024, 03:53:16 PM »

Quote from: Phát Nguyễn on May 16, 2024, 09:26:53 AM

These are my evaluations of the current potential AI coins. I wish you success in your investment endeavors.

You have made quite a good list, but what's the purpose of listing only one investable token, while there is a lot in the market right now? Many are lower caps as well. To be honest, I did not spend my time on these AI coins till now, don't you guys think their narrative trend is over now? I mean chatGPT is there for a longer period of time now. The fun thing is it is considered old now as Claud and other types of AI models are taking their place now.

Although the project AURUMT seems good, I checked the site, they only completed 5 project successfully, but did not advertised them as they should be, I mean they say they have 10+ years of experience and 70+ expert of the subject, and still I saw a lack on there website

Cryptocurrency discussions / Re: Which token will Elon Musk integrate into X?

« on: May 23, 2024, 11:24:28 PM »

Quote from: MrSpasybo on May 03, 2024, 11:11:39 PM

It's natural that DOGE comes to mind first when considering the possibility of X-payment supporting crypto payments. This belief alone can fuel DOGE price increase during this bullrun, even without official confirmation from X-payment. This is understandable given that DOGE remains the trend leader among memecoins and has Elon Musk's strong support.

Currently, I'm closely following X-payment's licensing progress. If they can launch the platform soon, we'll also have clear details about X-payment's services. Hope that crypto will be among the payment methods that X-payment accepts and supports.

You are right, even the belief alone fuel the price, and that's what keep driving the price of DOGE, although I don't like this token first of all its meme, second its highly influential to the Musk's words, I don't like a coin being manipulated by the words of some influencer that easily. Although he is not a small one. Overall, I also voted for Doge because I have read many articles in which he (Elon) has talked to integrate Doge first.

Its good that you are following the progress, but what good it would be to us, only to those who have invested in Doge, as they also in fear that what if Elon introduced another new coin just for the Twitter with the name of X. Although, if I think logically then its more logical to bring new token with the ticker X incompare to accept Doge what you think.

Cryptocurrency discussions / Re: Crypto markets can exist without government permission

« on: May 23, 2024, 10:20:24 PM »

Quote from: dekafee79 on May 18, 2024, 08:39:52 PM

Each country has its own policies in responding to crypto. Several countries have made it legal for their citizens to invest in crypto. and maybe your country still hasn't legalized crypto. But rest assured your country will soon legalize crypto when big countries have started to open their doors and legalize crypto for investment.

You are right, in the near future every single country will prefer to adopt it, either due to the huge adoption by other tier-one countries or to tackle the inflation just like El Salvador did. But what I think is, the smarter one is that, which will accept it in bear run, as if a country is legalizing crypto in bull run and buying BTC in bull run just like El Salvador did as they bought high and waited a long time till this halving to cover there losses.

As governments don't suffer a lot, as they invest for longer period fo times so if they have to bear loss for 2 to 3 years they can, but when other citizens also invest in BTC just because there government did, they are not able to bear loss for 2 to 3 years, as they are not prepared for it due to lack of knowledge. So its not necessary that with other countries yours will also accept it, even if it did then they should not lack the knowledge.

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

« on: May 23, 2024, 09:52:45 PM »

Quote from: Rubel007 on May 23, 2024, 01:37:50 PM

I don't expect much from this coin as the supply of the coin is very high. The coin has a total supply of 102,719,221,714. With so much supply there is no reason for the price of this coin to go up too much. The initial price of the coin is very high due to the price correction and I think the price of the coin needs some time to rise up an expected level. Moreover, once the hype of a coin is over, it takes a lot of time for that coin to build up another hype.

Are we talking about Notcoin here, well in my opinion, this supply is not that much considering the number of tokens that people have mined, I mean we can literary buy a lot with lesser funds and the most important thing is, many are going to be burned, and the developer and CEO of this token has also stated that he will use the 6.8$ million dollar which he received from his supporters in the form of NOT when turned into 680 million dollars then he will withdraw them.

And will use them for the development of the project. So I think we should also remained optimistic if the developer of this token is, although every developer is, but my instincts are tellin me that this coin can easily do 100x because people have faith in the words of this CEO and they really trust him so they would really hold the coins, and holding the coin plus burning them, will increase the demand over supply thus we can see such gains in upcoming bul run.

News related to Crypto / Re: US Senate overturns SEC’s anti-crypto resolution

« on: May 23, 2024, 07:52:08 PM »

Quote from: TomPluz on May 22, 2024, 03:23:22 AM

This is a big good news as finally the Senate (and the House before it) intervened on SEC and put things as they should be. Let's hope the dementia-filled Joe Biden will not instead veto this bill as this is also supported by his fellow Democrats. This is just one of the proofs that SEC is enjoying its time and power of overreach...putting things on the cryptocurrency industry a lot worse and not making things better as it should be. SEC is now an enemy of the cryptocurrency industry instead of working with it as a good partner while at the same time fighting scammers and fraudster, as it should be doing.

I did not get the point here, so the SEC wants to implement a rule that would force Banks to reserve some funds from their own capital to back up the risky assets (digital assets) that's what they called it. This means for every digital asset like for 1 million dollars of digital assets banks have to save some reserve from there own capitals to manage the volatility risks. If this is what they want, they what's bad in this for crypto users, they might have to pay some extra fee to banks like in terms of taxes etc.

But still it only impose more burden on banks, and you know when there is a burden on banks, political leaders don't bear it, that's why Biden might have veto this resolution by SEC. Please correct me If I am wrong, but AFAI understand, that's what they (SEC) want. Overall, IMO this act by Biden have not good impact on crypto like he did go against SEC but no good impact on crypto sector.