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Messages - Dbc23

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I was just wondering if i invest in binance smart contract is it similar to investing in the coin and if bnb goes up will it also affect the smart chain network or are there operating differently?

2
Cryptocurrency Trading / Trading the obvious
« on: February 05, 2022, 05:07:20 PM »
Many traders use different analysis toolkit to make trading decisions. one of which is candle stick confirmations on a major trading zone which could be a support or resistance zone. Most time we trade this candle stick without a double check if it's occurring at a major zone sometimes it could be a setup and if not carefully analyzed could keep a trader stucked.

Also having this candle in a major zone is still not enough confirmation as fake breakout occurs in the market as well. For me i prefer trading the third candle when ever a candle forms any where around a trading zone, be it a breakout or a reversal.

3
Bitcoin Forum / Re: Will Bitcoin come to an end?
« on: February 05, 2022, 04:50:39 PM »
Will there be a time in the crypto market where Bitcoin will no more be existing and other coins will still be existing?
Is this possible..?
Technology is advancing and there is every possibility and this would only be if a better trusted network that might solve the issue of losing coin if the private key is lost is solved. To take bitcoin into complete extinction means a whole lot of research and development, Because so far bitcoin has been able to settle the issue of trust and centralization. which means to replace bitcoin means improving the trust, double spending and a way of retrieving private keys still maintaining the decentralized network

4
Bitcoin Gold / Re: Bitcoin Gold and Bitcoin
« on: February 05, 2022, 04:41:57 PM »
unlike bitcoin that uses consensus alogrithm bitcoin cash uses Equihash alogrithm and Bitcoin Gold has graphic processing unit and is also the most accessible cryptocurrency compared to Bitcoin and even Bitcoin cash

5
Sorting Box / Re: What token would you hold until 2023? And why?
« on: February 05, 2022, 04:15:27 PM »
i am holding BNB coin and solana. I'm not conformable with metaverse yet because i haven't researched enough to hold one. i am still wondering also even if i decide to go for a metaverse which of the virtual projects should i possibly invest in.

6
Bitcoin Forum / Re: Will Bitcoin replace Gold someday?
« on: August 21, 2021, 09:00:47 PM »
Both will still maintain their place. Bitcoin can't replace gold because it's decentralized and many government agencies aren't in support of it but that doesn't mean bitcoin is going into extinction. The reality remains gold will remain what it is while bitcoin will find it's way through

7
Bitcoin Forum / Re: Why is bitcoin stability important?
« on: August 21, 2021, 08:57:10 PM »
Bitcoin needs no stability it's not a centralized currency. It's runned by everyone one the blockchain which makes it an open source. If bitcoin gains stability it will lose it's value. Can we also suggest stabizing gold? Certainly we know it can't happen then why talk of bitcoin stability

8
I got trapped by the bullish run on btc with my trading device completely down due to power failure and since I didn't use stoploss to manage my risk I got my account blown down to $0 and as it stands I have to start all over again. I didn't really feel bad because I knew it was as a result of a careless mistake not because I haven't gotten the concept and I'm sure I have learnt from my mistake I will love to hear from you too how you felt when you first blew your account.

9
Bitcoin even went as far as $45k I think the long dip is over. Kudos to as many who held on to their coins. We are still speculating $100k on the way. Please do your own research this is not a financial advice.

10
Cryptocurrency discussions / Re: Why Education is important🤔?
« on: August 08, 2021, 10:32:35 PM »

Reading and getting knowledge is very important for all the new as well as old users. Research shows that regular reading:
• Improve Brain connectivity
•Increase your vocabulary and comprehension
•Make you smarter
•Reduce stress, etc.
I always recommend to get some knowledge first and then dive into the crypto world.
Knowledge is power. It gives you the authorization to explore any field of endeavor. One can't overemphasize the importance of knowledge because it's the key to unlocking hidden potentials and keep you outstanding in any area of dicipline

11
Diversifying your portfolios and making investment decisions based strictly on research. Most investors have lost huge sums investing in some altcoin. I will rather invest 60% on crypto generally other than investing all my funds

12
Currently bitcoin is on the rise and some altcoin are doing same as well. Considering if coins depend on bitcoin to rise I will say it all depends on the project and the network on which the coin is built on. Some coins are centralized, some are more Centralized while a few are decentralized. Many factors affect the fall and rise of this coins not bitcoin

13
Cryptocurrency discussions / Re: Can dollar be replaced?
« on: July 24, 2021, 09:52:47 PM »
As long as US remains the most powerful country and the base pair for most currency exchange it wouldn't be that easy to replace it with any other country not even yaun although it wouldn't be agued that the Chinese economy is getting stronger by the day and US economy fluctuates that doesn't still make dollar replaceable

14
Forum related / Re: Hi, introduce yourself
« on: July 24, 2021, 09:36:26 PM »
 Hi
I'm Dbc23 I am currently learning software development, I trade forex and would love to know more about crypto currency trading and investment.
I'm an African

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