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Messages - Phu Juck

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Cryptocurrency discussions / Re: What is the Best Coin as your Opinion

« on: January 23, 2021, 05:54:10 PM »

It is BTC beause it is proven and will become huge store of value. Bitcoin has been limited by Satoshi to 21 Million and in 100 years it will still be 21 Million. Huge store of value and rich people will know and buy BTC.

Cryptocurrency discussions / Re: Top 10 coins for holding in 2021

« on: January 23, 2021, 05:52:20 PM »

I would only buy few coin like BTC and ETH because we need coins who have been proven to be working. If new coin comes, yes, maybe we can buy like BNB but I would wait to be really proven. Many coins did fail like Tron, Nano or EOS. People said buy, but it was completely fail. People forgot to do DIOR. Most coin is useless such like Litecoin, EOS, TRON, DOT or XRP. Same tech different layout.

Cryptocurrency discussions / Re: Buy The Dip -- Will You Do it?

« on: January 23, 2021, 05:48:27 PM »

I would not look for short term profit but for long term. HODL is key and we all know it.
A DIP can be useful if we planned to buy anyway. If price goes down, it is good opportunity for BUY.

DeFi tokens / Re: What is DeFi?

« on: January 23, 2021, 05:33:22 PM »

DeFi has brought decentralized exchange for easy SWAP, like UniSwap and SushiSwap. It will be huge if fees are lower because people can just easy swap and don't need to use centralized exchange. Swap is more easy and safe but Ethereum Devs need to make fees lower.

DeFi tokens / Re: Recommend a DeFi project - best profit

« on: January 23, 2021, 05:31:11 PM »

Quote from: EAA-ALLAH on January 17, 2021, 10:40:04 PM

Quote from: Phu Juck on January 17, 2021, 08:38:11 PM
Hi!

Which Defi project can you recommend for best profit? It should have potential for future adption, for many people to use and be possible to continue growing.
Please recommend, any DeFi project is allowed but it has to be legit - no scam!
If you make a good amounts of money by investing any DeFI project, please busy yourself in chainlink and polkadot. Chainlink obviously a good investment plafrorm.

I can agree, ChainLink is a very good project because we will always need chains to be linked. It is a safe bet for ChainLink here, very bullish because it has a huge use case for crypto projects, we always need it.
But I have to warn from PolkaDot. It is currently very hyped and many ppl don't know an essential information about PolkaDot: if has an unlimited supply. In 100 years, when BTC will be still 21 Million, Polkadot will be much more compared how it is today. It just has no limit and inflation per year of 10%

Here, people discuss inflation on Reddit, PolkaDOT has 10% inflation per year: https://www.reddit.com/r/Polkadot/comments/ij5ect/inflation_risk_what_does_this_mean_i_dont/ga15tb5

Quote

there is currently about a 10% inflation rate, which means that every year the total supply of tokens increases by 10%. If supply and demand stay the same this would result in a 10% decrease in price of the dot tokens.

PolkaDOT will lose value over time because it has 10% inflation per year, we all know from Venezuela, it will do damage a lot even when it happens a lot slower but it's still inflation. People need to know because right now, PolkaDOT is hyped very much by marketing by PolkaDot Devs but many people don't know about DOT inflation. It is 10% per year where DOT will lose value. Keep in mind, DOT is no store of value and will be diluted and lose value, no recommended buy.
PolkaDot is fast and cheap but PolkaDot Devs have no answer right now how to solve inflation problem. If enough people know about PolkaDOT inflation problem and Devs can't solve inflation problem, many will sell to prevent loss and price will crash.

I would also recommend YFI, it's from Andre Cronje, what do you say about YFI?

DeFi tokens / Re: Defi Projects Are Good.

« on: January 17, 2021, 08:46:18 PM »

Quote from: Muneeb22 on December 22, 2020, 07:02:11 AM

Why peoples like the Defi projects? This time peoples invest their money so much in the Defi projects and they trust on that project like in uniswap the trading of that touch the sky in just a short time. What is the main reason?

Defi projects is completely new standard and it wil 100% grow!!! Defi projects has just started and we need to make a good DIOR. If we do it right, we can make huge profit like people did a few years ago!!!
For use, I like Uniswap very much because it is easy to swap, just swap and you can get different coin!!!

Cryptocurrency discussions / Re: Current Market Condition

« on: January 17, 2021, 08:42:48 PM »

Right now, it really looks like we will get more bear. Price went up too quickly and many people are taking profits right now. I expect again cheaper prices to buy and we should buy because it will go higher after it.

DeFi tokens / Re: What is Decentralized Finance (DeFi)?

« on: January 17, 2021, 08:40:20 PM »

Quote from: XM8 on January 17, 2021, 01:32:53 PM

I Know Decentralized Finance is the short from of DeFi. Now DeFi Coin is very good and strong project. Many peoples are now invest on this site. But it a bad site is scammers. Many scammers are now scam on this site.

If you have done a good research, you can detect scam project and avoid it. Huge numbers of project are legit and can bring great profit. But I agree, we need to do good research. Always DIOR.

DeFi tokens / Recommend a DeFi project - best profit

« on: January 17, 2021, 08:38:11 PM »

Hi!

Which Defi project can you recommend for best profit? It should have potential for future adption, for many people to use and be possible to continue growing.
Please recommend, any DeFi project is allowed but it has to be legit - no scam!