Quote from: Cantsay on May 03, 2024, 06:04:02 PM

Quote from: Agbe on May 02, 2024, 11:15:51 PM

And the worst part is when place the order them no go pay sef. But just to attract sellers to them selves.

Later on they’ll send you message that if you want them to continue the trade that they’ll have to reduce the rate that their rate is too high compared to others - I have encountered them several times and sometimes they’ll want to reduce the rate from 1,300 to 1,200 if not you’ll have to wait for the timer to end (which is usually up to an hour).

There are so many ways that exchanges have to work, in order to help minimize losses in p2p because newbies are definitely going to be hurt in this scheme of theirs.

I am just happy that, I have seen another person that has the same experience with me. I have been suffering this guys that manipulate the naira in Binance from the first day of my visit to the exchange when I was about to sell NGN200k and the vendor say the price wey him put e dey high so him go reduce the pay. So we come dey negotiate oh but finally I no come gree. Na so we leave the trade me sef I look for another vendor and sell ma coins. And this same thing happened to me again in OKX last month. And di worse of them ll na di Kucoin. FG needs to ban dat exchange automatically because di kind of fraudsters wey dey there e too plenty.

Nowadays there are scammers from Binance to OKX, not sure why they have not taken action before. But I didn't use them afterwards. Since there are still good p2p alternatives, Bitget is the one I have been using for p2p without any issues since the merchants are quite reliable and quite trusted too. You can use that one for moving forward.

Hopefully things get straightened out in Nigerian crypto space soon though. I don't know what they achieve by pulling this off. They just talk about money and money

Quote from: MrSpasybo 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
  

This helps mate. Already gone through, but most of these are already above 500M in mcap which for a small trader, might be difficult to do some good numbers. But I found one that kinda got me attracted, below 200m mcap. Alephuim, heard of it?

I checked this project on Bitget. It looks like a good project and it's a good competitor to KASPA, Since it shares some similarities with KASPA, both aiming to address scalability challenges in blockchain technology. The current price of ALPH might be attractive to some investors interested in the project's potential. So I guess I might get a bag of it. I actually have some KAS, so I'll see which one does better in price comparison and growth especially.

• Which do you prefer, CEXs or DEXs, and why?

My preference is that I use CEX on daily basis. Because it's easy to trade w/o any issues like transaction being delayed. And again why I prefer? CEX has better liquidity compared to DEX swaps. I know others can be higher than CEX. but most of all CEX ticks the box.

I do use DEX but not always.. It's just my opinion, but I don't hate DEX at all

• For CEX users: Does KYC concerns impact your choice of CEXs?

Nah. KYC is like a key to unlocking your door to do anything you want. For me, CEX reputation is one of the reason I trust them with my informations.
There's nothing to be afraid if you didn't commit any crime and or have no crime under your identify.

• For DEX users: Do you believe DEXs have the potential to completely replace CEXs in the future?
  

DEX will always be there and the potential of it to completely replace CEXs is 99% certain.. Why? DEX is a freedom for all of us, we can trade and do transactions without being traced.

Many of us were well known the Coinmarketcap from where we receive all cryptocurrency like coins and tokens details like on which exchange they listed, what is the 24-hour treading volume, or which platform they based on, etc. These days many new crypto coins and tokens was introducing and listing on many exchanges and It makes a very difficult decision for the investor to choose which coins or tokens should they invest to make some good profit. Many of the new cryptocurrency was makes a good pump in their stating days and after they dump in a very dramatic way. This cause a big loss to the investors and the trust in these types to new coins and tokens was finished. So, the main question is that Is it risky to invest in new crypto coins/tokens? or it is good for a very certain time of investment?

Just saying this for newbies: Just because you see coins/tokens on CoinMarketCap doesn't mean they're safe. It's very risky to invest on these. You gotta know the goal of the project, what they do like what purpose that project is made in crypto space? How it can benefit us irl? etc. Do your own research.

Now back to your question, I'd say again, yes it's very risky to invest in coins/tokens.

When I was in the same situation like you, I started searching for new tokens. so I eventually got into a new one. Ofc, I made a research but the goal of their project was to take all money away. Even with research, I got scammed and they dumped on me. It was a P2E game, with tamagotchi themed. It was so promising that I had to invest in. So now I had learn a lesson after realizing that I made a mistake doing that.

Can you believe the crypto space in the Middle East has really blown up over the last few years? Man, the growth of crypto in the MENA region has been insane to see. These places have really come out of nowhere to become hubs.

I was just reading an article about the rise of the crypto industry in the MENA region. It was interesting to learn about how much growth the space has seen across places like the UAE and Saudi Arabia. Per the article, Gracy Chen stated that "Blockchain and crypto have found strong support in the Middle East and have been accepted widely." She makes a good point about how locals have widely embraced the industry.

You see, exchanges in the region have also leveled up. From what I read from the article, Bitget has been doing some great educational programs to help adoption too. Getting the word out through initiatives like their Blockchain4youth. I think with so much action from every angle, the MENA region could become a global leader in no time. If all sides keep putting in this kind of work, who knows what could come out of there next.

So what do you think about the region expanding in crypto? Will we see a Middle Eastern city or country emerge as one of the top players in crypto in the long run? With the level of investments and initiatives happening now, it seems promising that the Middle East will play a leading role globally in the crypto industry.

• Article Reference: https://www.omanobserver.om/article/1151158/opinion/blockchain-in-mena-region-its-present-and-future

What does your IQ says about you?

I just came across a memecoin project talking about IQ. The bone of contention is that those that think moderately have higher chances of success than those that thinks too hard.

It's been all talks about Solana Memecoin in the last couple of weeks after $BOME had an incredible launch but seems attention has switched to $SNAP and IQ50.

$SNAP had a wonderful presale raising over 50k SOL and current holders exceeds 54k while on the other side IQ50 had no presale, no team and token strictly governed by community members, I have a feeling this gems could be centre of attraction in the memecoin ecosystem in coming days or weeks especially now that some top exchanges have already announced its listing.

Are you bullish on any of these two projects? Share your thoughts

Never heard of IQ but I checked it and I'm surprised it's listed on Bitget already with a good price..



On the other hand, this is just a meme season again but on solana chain. which is a good one since solana pumped to around 173$. I have also been looking at a few meme coins, like SLERF. If you know that project, which had a dev burned user' funds and held a space in X and later on fixed his mistakes and through all of these, the project went successful and has reached 400M market cap.

Also, other meme coins on my radar are PONKE, PENG, and WIF. These have shown strong performance on Solana and listed on the same CEX.

There's regulation for CEX which may even extend to DEX. There is also regulation for bitcoin ETF but BTC itself will remain unregulated. It's nothing like company issued stocks or Government issued fiat that can be controlled by some central authority. Those are reasons why I think BTC price will not stagnate. We'll still see new ATHs after this cycle.

You know what doesn't change? Bitcoin itself. They can't touch it. That's why this ain't some dip you buy and forget, this is a revolution. There'll be new ATHs on BTC for sure. Cos we're building something way bigger. BTC has already reached 70K, it's just matter of time we reach 100K now. And of course we can't forget about the altcoins cuz they'll be moving when king moves. I just feel stupid cos I didn't take or invest on AI tokens, almost all of the have exploded since I first saw them listed on Bitget. Lesson learned, I'm not missing the next wave.

Some of you might not know what SORA is, so let me explain briefly. Recently OpenAI unveiled a new AI tool called SORA that can generate short videos from text prompts.

Now this is just next level of how we can use AI. I'm sure you all have watched some AI videos long time ago, that were very bad and getting morphed into other objects. But with this new AI tool, it surprised us. The quality of the video is just awesome.. It feels like it's not made by AI but by person with a camera. I'm sure you watched will smith eating spaghetti AI Video haha and he even recorded himself doing that as well for the AI trend .

Now going back to crypto, you can see this impacted some AI tokens and growth is huge. Funnily enough, someone created SORA memecoin based on this, it also focused on speculation and community building and it even attracted good interest among investors and earned top listings from Bitget, MEXC, Bitmart and many more.

So I guess you'll never know when some of your invested AI tokens explode due to news like this and it can be very profitable. Now I have a feeling that once OpenAI releases the AI video product to the public, the AI tokens and memecoins will go crazy in value.. After all, it's the nature of crypto, right guys?