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Messages - MrSpasybo

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Polkadot Forum / Re: Why polkadot didn’t flaying like BNB!

« on: April 22, 2024, 11:50:13 PM »

Quote from: KryptoBull on January 30, 2024, 03:45:51 PM

The truth is easy to see: BNB is a token supported by Binance, it is easily accessible to millions of Binance users. BNB is also the native token of BSC (or BNB chain at present), the demand for use is huge because the BNB chain ecosystem is really large and vibrant.

Meanwhile, DOT is just a native token of Polkadot, a layer-0 network that has not yet been put into effective operation, and has no need for any use other than auctioning for parachain slots. This makes the price of DOT unable to fluctuate as strongly as BNB, but this is also a good sign because the growth potential of DOT in the next uptrend is huge

I believe the strong recovery of BNB token price is due to the recent Launchpools & Binance Web-3 Wallet campaigns, which have increased user demand to buy and hold BNB. At the same time, Binance's return after resolving legal troubles with the DOJ has also given investors more confidence in Binance's future. As they use Binance and the BNB chain more, the value of the BNB token will be supported, driving up the price in the market.

Web-3 and cross-chain trends have not yet returned, they have not received capital inflows into the market, so tokens like DOT and ATOM have not seen significant growth. However, I believe that these trends are extremely important and irreplaceable in the development of the crypto market. When they return, DOT token will fly like BNB, even stronger and higher than BNB token ^^

Binance / Re: Segwit Address expires in Binance?

« on: April 22, 2024, 11:01:58 PM »

Quote from: Husna QA on April 15, 2024, 04:52:36 PM

Changes to deposit addresses on Exchange are common for several reasons. Therefore, every time you make a deposit, you need to pay attention to the address listed because it could change at any time, whether there is a notification via system message or an open announcement* without a message to each user affected by the address change.

If you are worried that the message is phishing, then do not open any of the links provided there. You just need to check the deposit address on the official Binance website after the expiration date has passed when you want to make a deposit, and don't force a deposit to the old address if there is a change of address.

Yeah, this is just a part of the CEXs' operation and does not create any risks. In case the token is sent to the old address, users can still claim it manually, I have encountered this situation a few times and have not lost my crypto assets.

In case of receiving a notification from the CEX via email, we just need to access the account on the application and check the deposit address again. One more thing to note is that every time we deposit money to the CEX, we need to check the deposit address again to avoid any trouble. When sending a donation/donation address that has long-term value, I think a personal onchain address is more suitable than a deposit address on the CEX.

Crypto currency Mining / Re: The future of POW altcoin mining

« on: April 22, 2024, 10:51:33 PM »

Quote from: KingsDen on April 18, 2024, 01:56:34 PM

I have e known PoW for bitcoin while PoS for altcoins. It is a matter of time and every altcoins will migrate to PoS. It was same with BTC where 50BTC was the reward with a lesser energy and what about it today. Solo miners are no longer profitable. Altcoins cannot withstand this but will soon change protocols to PoS.

I don't think ALTS will switch to POS anytime soon because we still have ETC/ETHW - blockchains that are thriving based on POW. My friends are still mining ETC/ETHW and making a decent profit. Other POW coins are also very popular like DOGE, LTC, XMR - I believe thay they will not switch to POS.

A new POW project called Kaspa has seen an impressive price increase for the KAS token, confirming the strong presence of POW in the crypto market. POS has an energy advantage, but decentralization is a complex issue, and even the Ethereum Foundation is looking to address this issue as LSD and LRD become more popular.

KuCoin Shares (KCS) / Re: KCS Hold for Future

« on: April 22, 2024, 10:36:00 PM »

Quote from: gunhell16 on April 11, 2024, 11:47:03 PM

I remembered before—I can't even remember what year it was—that when you buy KCS or hold it on the Kucoin platform itself, your KCS balance will increase every day in your wallet. It's like he auto-stakes your wallet balance.

Then it stopped for a long time. I hope they bring back this marketing strategy that they did now so that the traders have a reason to buy and hold the Kucoin token itself. Especially since it recently had a problematic hacking issue.

I don't remember this feature on KuCoin, maybe I haven't experienced KuCoin enough to notice its existence. Currently, I've been using KuCoin less, I'm just following the price movements of the KCS token and I see that it has crossed the Weekly EMA34 (Sonic-R) and is worth investing in to get profit in bullrun.

If you enjoy the Earn feature on KuCoin, you can still stake KCS tokens and earn an APR of ~2.61%. I don't think this is really that attractive from an investment perspective. If I had the choice, I would choose to hold BNB on Binance to receive free new tokens in Launchpool, while also benefiting from BNB's strong price appreciation in the future.

KCS Staking 2.0

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

« on: April 22, 2024, 10:21:05 PM »

Quote from: Tribalchief on April 21, 2024, 09:51:06 PM

Currently, the new administration has been eager to generate supposed tasks from every possible angle. Not just Binance, but some notable people in Nigerian society are under investigation. What I clearly understand here is that the Nigerian government wants only money from Binance and nothing else. I saw the recent lawsuit where the government fined Binance $10 billion. All this excessive force on Binance proves that they want to extract money from them.

https://www.premiumtimesng.com/business/business-news/673361-nigeria-govt-slams-10-billion-fine-on-binance.html

I've also heard about the $10B fine, but that's just third-party news, and the Nigerian government hasn't made any announcements about it. I also think they want money from Binance after seeing how easily the US DOJ was able to get $4B from Binance, and the government could also blame crypto when they can't solve domestic economic problems. We'll wait for the outcome of this drama, I really hope Binance will find a way to work things out to safely withdraw from Nigeria. With the current government, Nigeria is not a country suitable to embrace the benefits of crypto.

Ethereum Forum / Re: Gas fee on ethereum

« on: April 22, 2024, 10:04:28 PM »

Quote from: bitmover on April 22, 2024, 12:49:40 PM

I think this is not just devs dependant.

Even without any update in bitcoin protocol, these people just ran out of money in the past. We had seen spikes of 500 sat/vB before, and after a few weeks things were back to 30sat vB. Fees are already coming down again.

But I agree that we should have some update in the protocol to avoid this secondary usage of the blockchain.

I don't think the Bitcoin miner community would agree to the removal of the Inscription update as it could be a useful feature in the future and it is providing them with income after the block reward has been halved. The same thing happened in the block size war in 2017: the community chose the path that would benefit overall development, including the long-term interests of miners.

Regarding Ethereum: Layer-2 has become a fairly effective solution but it will not replace Ethereum Layer-1. It's a shame that sharding was removed, we don't have any information about the next update to improve Layer-1 speed, so Layer-1 transaction fees will continue to rise during bullruns. Currently, the cost of transferring ETH is acceptable, around 8-10 gwei ~ $0.5 - 0.7, but swap fees are still quite expensive compared to other blockchains. All users can do is switch to using Layer-2 like Arbitrum or Base

Bitcoin Forum / Re: Halving likelihood to be in red?

« on: April 22, 2024, 09:49:50 PM »

Quote from: Ambatman on March 20, 2024, 10:47:11 AM

This is mainly focused on those that deal on future or don't have strong hands because holders can persevere through trying times and come out victorious.
Okay this is born out of my pessimism though. What if the early stage of this halving would be similar to ETF approval.
Like people are already buying the rumor I believe many would sell the news and a dump would occur after or a day/two before the halving. What are your thoughts on this?
Does selling the news still apply here?

I also used to think that the Halving would be a sell-the-news event and the BTC price would decrease after the Halving, but currently the BTC price is increasing thanks to the positive effects of the Halving and many ALTS are also recovering quite well. In the past, the Halving was a boring time in terms of price volatility, it was just the start of a new cycle and the BTC price would usually accumulate for 6-10 months before seeing strong growth and bringing the entire market into a bullrun. Anyway, whether the BTC price will increase or decrease in the short term, this is also a great time to enter the market more strongly in order to make a profit in the next few months. I don't think anyone should sell off and leave the crypto market at this time.

Tin tức tiền điện tử / Re: Trung Quốc đưa ra cảnh báo đối với các công ty khai thác tiền điện tử ở Angola

« on: April 22, 2024, 09:33:19 PM »

Quote from: Trongduy on April 21, 2024, 10:45:14 AM

Đại sứ quán Trung Quốc đã đưa ra lời nhắc nhở rằng “Luật cấm tiền điện tử và khai thác tài sản ảo khác” của Cộng hòa Angola, một quốc gia ở miền nam châu Phi, đã chính thức có hiệu lực vào ngày 10 tháng 4.

Luật này nhằm mục đích chống lại các mạng khai thác tiền điện tử có tổ chức và bảo vệ hệ thống điện quốc gia khỏi nhu cầu điện đáng kể của các hoạt động khai thác. Các nhà lập pháp Angola đã phê chuẩn đề xuất cấm và hình sự hóa hoạt động khai thác tiền điện tử vào ngày 28 tháng 2.

Ban đầu mình còn nghĩ đọc sai tiêu đề, người Tàu cảnh cáo những công ty ở Angola, một quốc gia khác. Có thể quốc gia này đang ngập trong bẫy nợ do người Tàu giăng sẵn và trở nên phụ thuộc vào thái độ của đại sứ quán Tàu. Mình chưa nghe Angola trở thành quốc gia chống crypto như hiện tại, có lẽ mọi thứ đều đang bị chi phối bởi phía Tàu. Mọi chuyện có vẻ không suôn sẻ cho lắm với crypto ở Tàu, dù cho Hongkong đang mở cửa nhưng những người làm chính sách ở Tàu vẫn còn có thành kiến với crypto.

Stable Coins Forum / Re: Accepting Stablecoins for Big-Ticket Items?

« on: April 22, 2024, 02:00:27 AM »

Quote from: Daiana on April 22, 2024, 12:10:52 AM

Hola! I'm considering accepting stablecoins as payment for selling my boat. Would you consider accepting stablecoins for transactions above 100 000K? If so, which stablecoins would you trust enough to use, and why?

Keen to hear your thoughts and experiences!

I think you can accept any popular stablecoin like USDT, USDC, FUSD, TUSD, DAi... If you want to sell all of this stablecoin to fiat right away, there is no problem that is too complicated. Conversely, if you want to store stablecoins in the long term to earn attractive savings interest or DCA tokens in the crypto market, you can consider USDT and USDC as they are the two most reputable stablecoins with large market caps in the crypto market. I myself also choose these two stablecoins because Tether and Circle provide quite reliable proof of reserve.

DeFi tokens / Re: What's on your Defi token list..

« on: April 22, 2024, 01:45:27 AM »

Quote from: AvatarSiri on April 20, 2024, 02:16:11 PM

Hey mates, just a quick one. Now that Bitcoin halving is completed, I'm looking to accumulate some defi token. I've got ftm, inj and recently wormhole. Anyone else you think I should add, share the DEFI projects you're monitoring..

And also, What's the possibility of DeFi dominating the market in this run?

You can refer to the DeFi List on Coinmarketcap to see the top tokens in DeFi. In addition to native tokens like AVAX, ICP, FTM, some really attractive DeFi tokens that I am interested in are: LINK (oracle), DAI (stablecoin), UNI (DEX), MKR (Lending), LDO (LSD), AAVE, ENA.

I hope they will have strong growth in the near future as the DeFi summer returns and attracts new capital to the market thanks to extremely attractive APRs.

Coinmarketcap: DeFi list

Polygon MATIC Forum / Re: Polygonscan so slow?

« on: April 22, 2024, 01:29:05 AM »

Quote from: examplens on April 02, 2024, 10:22:37 PM

Today I happened to notice that I received several NFT tokens on one of my Polygon addresses. When I wanted to check transaction on polygonscan.com, everything loaded very slowly. I must say very slow, in my opinion even unusable.

Is this just me or is it normal?

I just tried using PolygonScan and it's still working quickly and efficiently without any problems. You can try turning off the VPN to get a better experience, sometimes PolygonScan also takes time to verify the IP's activity to make sure it's not being attacked by bots.

It is also possible that at the time you used it, PolygonScan had some problems but the DevTeam quickly fixed it and helped everything stabilize again.

Bitcoin Forum / Re: (Rubbish) Bitcoin runes and crazy fees after halving.

« on: April 22, 2024, 01:14:13 AM »

Quote from: un_rank on April 20, 2024, 11:43:18 AM

That person was trying to get into the halving block 840000 - https://mempool.space/block/0000000000000000000320283a032748cef8227873ff4872689bf23f1cda83a5

It is expected to have some sentimental value so lots of people paid huge fees to get into that block, that also contributed to the current feerate everyone is experiencing.

It is possible that the goal of many people at the time of the halving was to have a transaction recorded in a special block in Bitcoin blockchain history, so they were willing to pay higher gas fees than normal. However, the halving is over and gas fees are still much more expensive than before the halving. Has the halving really triggered FOMO among investors, and are they coming to the crypto market and using the Bitcoin blockchain more?

I suspect that the Inscription/BRC20 trend has returned to take advantage of the news about the BTC halving and is causing congestion and higher transaction fees on the Bitcoin blockchain. We will soon have clear reports on the issue of rising transaction fees and information on the real culprit.

What the Bitcoin Halving Means for Ordinals and BRC-20 Tokens

Cryptocurrency Trading / Re: Are you using a Demo account to practice trading?

« on: April 22, 2024, 12:45:31 AM »

Quote from: milewilda on April 20, 2024, 09:15:02 PM

You would really be able to tell up the difference in between demo trading and real account because using up real funds is something that would really be giving out that kind of emotion specially on using up a real balance on which this is something that would really be affecting up your emotion when real money in on the talks but in speaking about practice trading then this is something that you would really be needing to consider but nothing beats out the real learning on where live trading could really be able to give out.

We all easily recognize this, but sometimes I think that the boredom in the Demo account also has its own benefits: it helps traders have fewer emotions in this market and see trading as just a data-driven job as if it is not related to personal interests. At that time, traders can keep a cool head to make wiser decisions, not be too greedy or afraid. He will trade based on what he sees, not what he want.

This is also one of the interesting aspects that we can find from the Demo account. Some traders have shared about this when they believe that it is psychological sensitivity that has created mistakes and losses even when using the best trading methods.

Cryptocurrency discussions / Re: How much % of your assets are allocated to crypto?

« on: April 22, 2024, 12:26:35 AM »

Quote from: armanda90 on April 19, 2024, 08:35:36 PM

We don't know financial condition for some one and why not spending their payment salary for investing in bitcoin, your statement 100% right never put all your eggs in one basket but not all people have freedom financial and easily to invest their money in bitcoin. Need to prepare good financial management with few percent spending for investing in bitcoin because most of them have many urgency in daily day and difficult to purchase all payment salary for investing in bitcoin.
Inflation actually killing our money values in the future, but most of them get difficult to manage well for investing and saving fund because large amount needed to spend in daily day than amount salary payment receiving.

We need fiat currency for daily use and also for investment to protect our assets, but each of us has different economic conditions and financial positions, so we also have different decisions. When we don't have enough fiat currency to pay our bills, we can't invest in real estate or crypto. Or, if we are not willing to lose all of our investment, we will tend to choose to save fiat currency in banks or buy government bonds for greater security.

If we could choose, I think we need to invest and constantly improve our income, find new sources of income to accumulate more assets for the future.

Binance Smart Chain + Ecosystem / Re: Can this problem be stopped?

« on: April 22, 2024, 12:12:08 AM »

Quote from: Doovla on April 21, 2024, 04:14:08 PM

On the Enkrypt wallet through the Pancakeswap exchange, there was a change in the status of the assets, namely that two new altcoins were displayed that I don't know about, is it spam or some kind of theft attempt? How to prevent something like this, I can't see further transactions because it doesn't show on the Bscscan website. It is the BNB network.

Your account has 2 additional tokens that are not displayed on BscScan? I don't understand what the problem is because normally, BscScan always shows the account's most recent receive/send interactions. You can try using https://bsctrace.com/ to check if you suspect https://bscscan.com/ is having problems and is not working properly.

If you don't know what these 2 tokens are, try checking them on Coingecko and Coinmarketcap. If they don't have a listing on there, be careful as they could be scam tokens and will steal your assets as soon as you grant permission to their smart contract.

To the best of my knowledge, you cannot prevent others from sending spam or scam tokens to your account. The blockchain is for everyone, which means that everyone has the right to receive and send tokens whenever they want.