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Messages - Joseph Lee

Pages: [1] 2 3 4
1
This past week, I noticed a surge in posts talking about open giveaway events, possibly due to the market downturn that has impacted many, or because of the current FOMO surrounding cryptocurrency airdrops. Regardless, I'll be sharing a couple of easy events where you can win money and other rewards from time to time on the exchange I use.

There's currently a $50 reward for new users on Bitget. You've just got to register & trade to become eligible.Participating should be a breeze since the app is available on the Play Store and the Apple Store. From then onwards, you'd be getting a lot of notifications for other new upcoming events in your region.

2
The dip this week made me realise that I've been too narrow-minded in my dealings in this industry. For the past coupled weeks, I had been so fixated on trading and trying to find the next good pump that I overexposed myself and take heavy hits whenever dips happen. This week'sdip hit harder than others, and lessons have been learned. Now it's time for me to try my hands and luck in other areas while I wait for a correction. For the first time in a while, I'm in search of random events, contests and campaigns hosted by any reputable companies. I'd be happy if you could share some here.
I don't think the dip was harder than others but the dip came unexpectedly and because of that so many people lost their trading. And that is why if your a trader, you should also invest in Bitcoin so that you balance the equation. Now you are complaining that the dip was not in favor of you but investors are happy that there was a dip like that because they bought bitcoin at the dip and hodling it for the next all time high. People are even praying for the dip to come now so they can buy more.
fair point, but then again, dips don't favour everyone. There'll always be those who were on the wrong side of it. I just happened to be one this time.

3
The dip this week made me realise that I've been too narrow-minded in my dealings in this industry. For the past coupled weeks, I had been so fixated on trading and trying to find the next good pump that I overexposed myself and take heavy hits whenever dips happen. This week'sdip hit harder than others, and lessons have been learned. Now it's time for me to try my hands and luck in other areas while I wait for a correction. For the first time in a while, I'm in search of random events, contests and campaigns hosted by any reputable companies. I'd be happy if you could share some here.
I hope you haven't suffered too much loss during this strong but inevitable correction of the crypto market. Short traders are making profits, while the fear that is engulfing the market is taking away profits from holders. I think this correction will continue for a few more weeks, enough to make weak-hands sell their tokens and leave their positions.

I don't usually participate in events or contests in the crypto market, my luck is not good enough to help me win any contest, whether it's prediction or trading. You can refer to the websites of CEXs like Bybit or Bitget, they often organize Spot or Future trading events to promote their services to the trading community.

You're right about the two CEXs regularly holding trading events. Someone suggested Bitget's May Savings Carnival in the comments. The OP should consider it if he/she meet the requirements, instead of letting their tokens lie idle in their wallet.
would be nice to know more abt this May savings event. I searched through their Twitter profile but couldn't find info on it.  Probably you could send a guide or a link so I could review

4
Now, before you suggest that I should Google it, I want to let you know that I have already done my online research and read some formal writings about Proof of Reserve (PoR) and its significance in the ecosystem of a crypto company. However, what I still haven't fully grasped is whether it has any impact on the price of coins (which, let's be honest, is what we all really care about).

To provide some context, my interest in this topic was piqued when I noticed bitget trending on Twitter today because their PoR has reportedly increased by around 176%, and many people there seem to be thrilled about it. I simply want to understand the underlying reason behind all this excitement. Does it have any influence on the tokens listed on the cryptocurrency exchange or the BGB token itself?

5
The dip this week made me realise that I've been too narrow-minded in my dealings in this industry. For the past coupled weeks, I had been so fixated on trading and trying to find the next good pump that I overexposed myself and take heavy hits whenever dips happen. This week'sdip hit harder than others, and lessons have been learned. Now it's time for me to try my hands and luck in other areas while I wait for a correction. For the first time in a while, I'm in search of random events, contests and campaigns hosted by any reputable companies. I'd be happy if you could share some here.

6
Cryptocurrency discussions / Again, Don't Ignore Security
« on: April 30, 2024, 03:22:15 PM »
In 2023, scammers managed to steal a staggering $4 billion in crypto. Now let's do our best to ensure that when they tally up the numbers for 2024, you won't be a part of that statistic.

Based on my firsthand experience, there is a tendency to disregard basic security practices when the market is generating profits and FOMO sets in. It's astonishing how our minds can become consumed during these times, leading us to jump from one protocol or website to another in search of the next major opportinity. This post serves as a friendly reminder that while pursuing such, we must not forget to:

- Never reuse passwords
- Stop downloading sketchy content from the internet
- Consider using hardware wallets for enhanced security
- Safely store away seed phrases
- Avoid visiting suspicious websites
- Verify contracts in the explorer

These measures may seem elementary, yet it is astounding how easily they can be disregarded when one is fixated on chasing the "next 100x" gain.

7
Cryptocurrency discussions / Re: Anonymity - good or bad?
« on: April 30, 2024, 02:44:36 PM »
How many of us use aliases in the crypto world? It's fascinating how biases related to sex, age, skin color, or body type seem irrelevant here—it's purely about your ideas and actions. I was on a call the other day, the presenter used a voice changer and there was no video. It felt freeing to engage purely based on the exchange of thoughts.

However, this anonymity has its downsides, it's easy to get scammed. Additionally, there are legal concerns, especially regarding taxation. Some countries are even reducing anonymity to prevent tax evasion. What do you think is a good balance between maintaining privacy and reducing potential misuse in the crypto space?
Just as you rightly exposed, anonymity does have its pros and cons. I personally like to stay anonymous myself, and I'm grateful for the web3 space for providing that option. However, I believe that especially creators or entrepreneurs in the crypto space, its important to be doxxed if you plan to build a great relationship with users. I've seen firsthand how a CEO being known publicly can boost a crypto company's reputation and the adverse effect of staying anonymous

8
"hi bud, is there still going to be a bull run this year?"

😂 Noob question yeah!, but thats what a dude asked me this evening, he's a newbie though, he joined crypto late January this year (2024), I wasnt the one who introduced crypto to him, but he approached me one time in February, and I assisted him on buying his first bitcoin, and since then, he's been investing on his own.

But I was surprised when he asked me if there was still going to be a bull run this year, I paused for a while cus I didn't know what to answer him, I've never discussed anything concerning or patterning to bull run with him before, so I was a kind of puzzled when he asked me that.

Later on, I simply told him I don't know, that I can't predict the market, but then, I could notice he wasn't satisfied with that answer, he probably expected me to say "yes", as a way for him to reassure himself of his expections, but then again, I couldn't lie to him.

I am as well putting out the same question out here for the  community, is there still going to be a bull run this year? Or should we just pack our bags and go home? 😬😁
I genuinely believe we're yet to see the best of the bull market. There's probably still an AI run and an NFT rally to come

9
Just last week, I came across a prominent influencer who emphasized the significance of taking risks in the realm of crypto and seizing any "opportunity" before it becomes widely known. Interestingly enough, he specifically highlighted contract-based trading, also known as pre-market trading, as a viable approach for entering the market of pre-launched or anticipated tokens, allowing traders to engage with them before they go live or become listed on exchanges.

Three days ago, I stumbled upon Meson Network ($MSN) announcing the availability of their token in the pre-market phase. This presents me with a chance to get in early on a project that I have followed and believed in for quite some time. But I'm new to this so still a bit sceptical.

Open to hearing your thoughts on this trading strategy and any cautionary advice you may have based on your own experiences with it.

10
Just as we have seen happen within different ecosystems in past bullish cycles, I believe we are finally witnessing the emergence of the next phase of development within the memecoin industry. Like it happened with GameFi starting to introduce NFTs, and DeFi doing something similar, many meme projects are now introducing innovative adjustments and enhancements that enable them to offer services across various industries, transcending their initial role as mere amusement-themed tokens.

As of late, we have observed a surge in meme projects embracing new initiatives that grant them a certain degree of utility. For instance, CatGPT ($catgpt) has incorporated AI technology, enabling them to create a functional AI chatbot, while Calcium ($CAL) seamlessly integrates both meme culture and DeFi technology.

Personally, I find this progression highly favorable, as it signifies the gateway to a new era where virtually every crypto project strives to provide some form of utility, no matter how modest it may be.

11
This deserves a poll, for me, I always go for the utility trend concepts, and hype on a project will come to pass and this kind of coin will become a thing of the past, but if you have a utility that benefits the community it will generate support and investment that will equate to market presence and will have a good long term value in the market.

And about the token you mentioned I haven't encountered but if it has value then go for it since you mentioned that they launched 2018 and they have a good standing in the market.

Same here. Seems it's about decentralized privacy data solutions..I'm reading more about it here. https://www.bitget.com/academy/what-is-ontology-ong-and-how-does-it-work from what I can read so far, utility project like this is definitely better than memecoins
Haha memecoins rarely ever have any sort of utility at all. I checked out Ontology too via your link, and this looks even better than I anticipated. I believe it's worth a shot

12
Meme Coins / Avoiding Fake Memecoins Is Becoming More Difficult
« on: April 18, 2024, 06:12:11 PM »
Attention on memecoins has increased exponentially since the start of the bull market. We have also seen an increase in the number of fake memecoins and naturally, this means more people fall for scams.

Lately I've been starting wonder if trading memecoins on these unregulated dexs is actually worth the risk. Yes I agree there are upsides to dex trading, but the potential negatives are also quite high. I tried a different strategy in the days building up to this latest dip and traded only cex-listed memecoins. I did this on different cex platforms and all seemed to go smoothly. Even the fees didn't give as much problem as I thought they would. I'm now wondering if this is the way to go frm here.
What do you think?

13
Cryptocurrency discussions / Re: Stay away from crypto ponzis!
« on: April 18, 2024, 01:41:25 PM »
Whenever the market is being bullish you can see lot of investment schemes to invest your cryptos which claims to provide unrealistic returns.

Crypto itself and investment and 99.9% of the time when someone ask you invest money like send money to an address and you will get 10% everyday or there are extreme cases who convince you that you will double the money you send instantly are obvious scams.

I am creating this thread after seeing an Instagram post that claimed exactly what I said above. Please be aware and stay away from scammers.
I appreciate the thoughtfulness in this post. Indeed scams and ponzis have been on the rise lately. Now, more than ever, its necessary to remain cautious when dealing with anything crypto-related.

14
Incentivised Posting / Shill / Maybe Launchpads Aren't Worth It Yet
« on: March 28, 2024, 03:33:48 PM »
The bull market is here and I'm wondering why investors are ignoring IDO launchpads. Maybe at the moment, they're not exactly the most bullish, but it's easy to see the potential they carry in the long run.  Aside the bigger launchpads from top projects like Binance, Polkastarter, GameFi and Bitget, there are a lot of smaller sized ones like Decubate still doing pretty well in this bull market.

So far, only institutional investors seem to show that much interest in these launchpads and invest in them. Otherwise they're pretty much ignored by retailers. Personally, I believe the sector isn't getting enough attention simply because of the craze for massive gains in memecoins and the rest. Hopefully  this changes soon and we get to see more financial inflow some of these sectors that have some actual utility.

15
Solana Forum / How long will the current Solana craze continue?
« on: March 20, 2024, 08:45:37 AM »
 
The hype is currently centered around Sol chain. Not only are we witnessing a significant increase in the number of developers utilizing the chain, but we are also observing a substantial surge in activity levels. Almost everyone is looking to be part of this trend. It's no wonder that major platforms like Binance, KuCoin, and Bybit are hosting various Solana-themed events. I recently stumbled upon one organized by Bitget highlighting 5 major tokens on the chain - $Bome, $Jto, $Jup, $Ponk, and of course $Sol itself.

It's uncertain how long this heightened activity will last, but one thing is certain - the resulting momentum is just what the crypto community currently needs. Just make sure to stay sharp and ensure security always folks.

May the force be with you.

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