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Messages - smart_oa
Pages: 1 2 [3] 4 5 ... 19
31
« on: May 09, 2022, 05:01:12 PM »
The privacy coin is well suited to centralized authority. The banking system is highly centralized and they do not want to publicize their user data. But the bank will make sure they can track everything else. It will not be something like an open blockchain where everyone can see any transaction. Banks can use something like a partially private coin.
32
« on: May 09, 2022, 04:56:32 PM »
10 years is a big number. I do not know what will happens by that time and crypto will be the same as it is right now. Maybe we will see a long crypto winter where prices will not move for a very long time. But for that long time only holding bitcoin will be less risky. If it is altcoin you are thinking about rethink about your decision.
33
« on: May 04, 2022, 06:24:38 PM »
It is true there are very few projects from bounty campaign that gives hunters some good rewards. Most of the project seems low quality or scam. Also, the number of participants has increased significantly so it is obvious that the rewards will be lower for each hunter. Some people are still earning good amounts of money from this.
34
« on: May 04, 2022, 06:21:49 PM »
It is hard to say right now the bank will trade crypto or not but it clear that some technology that blockchain offers make bank interested. JP Morgan open their lounge in one of the metaverse project. Also there was some positive news from some top bank about crypto integration. I hope soon this will be the reality.
35
« on: May 04, 2022, 05:38:13 PM »
Development of ADA is still ongoing and they have a pretty big team of developers. I saw the news that ADA has more than 700 projects in their pipeline and it is not so bad at all. ADA could be the biggest competitor of BSC in the future but crypto is an uncertain place so we can not say for sure. But I am very positive about ADA.
36
« on: May 04, 2022, 05:34:13 PM »
Some blockchain network is doing very well and could challenge the position of the BSC network. BSC network basically uses the advantages of high fees of eth network and attract some project and low capital holder to their ecosystem. But whale investors are still in the ETH network because they do not care about the small fees.
37
« on: May 04, 2022, 05:30:24 PM »
There is a saying that learn before you earn. Our earnings basically come from the service we provide based on our knowledge and experience. So without knowledge, we have nothing to share so before jumping into the crypto industry learn about the market and project it contains. Also, there are some security issues that should also be concerned about.
38
« on: May 04, 2022, 05:27:19 PM »
Stop-loss can be used on the spot market too. But I do not like to use it because the crypto market is very uncertain and you do not know if it will continue downward after hitting your stop-loss. You will see many times your stop loss has been hit and then the market goes up. It is very common so I do not use stop loss in the spot market but it can be good in the future and could save you from being liquidated.
39
« on: May 04, 2022, 03:46:43 PM »
Not really. I think forex trading is all about finding current indicators to identify market reversal. Also learning the price action chart is not easy because the market changes its trend in a second and when you realize that you are already late. Forex trading requires a lot of time and I do not have that right now. So right now focusing on something else.
40
« on: May 04, 2022, 03:34:32 PM »
Crypto currency has nothing to do with it and I do not see any negative effect yet. But there is some positive effects like we can see how people donate through cryptocurrency for Ukraine's war efforts. Not only that Russia is also planning to legalize crypto currency when they were against crypto currency a few months ago.
41
« on: May 04, 2022, 03:22:56 PM »
How people will trust CBDC when they do not trust the current banking system. If you are a small capital owner then the bank will not do any problem for you but if you are a large capital owner then you will have to face a lot of questions about your funds. That is what most people do not like. CBDC could be a huge failure against cryptocurrency.
42
« on: May 04, 2022, 03:18:53 PM »
What HODLING mean? If you are referring to holding then I want to say it's all about holding a token with real utilities. If you hold a token that has no use case then you could lose all of your capital. I think the top 50 coin is safe for the long term but BTC and ETH are the safest. Crypto is actually all about holding and patience.
43
« on: April 27, 2022, 06:43:26 PM »
I think Defi still has a lot of space to develop. With the web3 integration, Defi will be stronger than ever, and very soon we will see various Defi projects partnered with web3 projects. I think they contain the same purpose for their existence. Also, some existing defi project is in their beta mode and soon we will see their full functionality.
44
« on: April 27, 2022, 06:40:12 PM »
You are totally wrong here because scammers are not retiring and there not be any regulation about bounty scammers. Most of the projects that scam investors have something in common and that is the animosity of their team members or fake team profile. You just need to cross-check that info to identify one so that your time will not be wasted.
45
« on: April 27, 2022, 01:23:34 AM »
CBDC will not do anything because those people who do not want to accept crypto as a currency also do not support CBDC. People just do not trust banks to control their money so CBDC will be highly unpopular and it is possible that enforcement of CBDC will force people to use crypto as an alternative because they both can serve the same purpose.
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