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Topics - Kizozo

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Cryptocurrency discussions / Bitget protection fund hit a new ATH

« on: December 06, 2023, 04:41:57 PM »

Every investors top priority in choosing a crypto exchange is security of their assets. Over the years, many exchanges have come and gone due to varying factors. Some packed up as a result of mismanagement of users funds, others were due to security breaches like hacks and some due to harsh bear market condition but in the midst of this, Bitget continue to shine, soar and expand across board with the latest report seeing the exchange protection fund record a new ATH of over $400M in the month of November.

No doubt the month of November was quite good for crypto however Bitget protection fund was around $330M four months ago. Very drastic addition in my opinion, while some exchanges seems to be having different issues like lawsuit, hacks and some even packing up due to bankruptcy, it still beat my imagination what Bitget is doing differently to achieve such significant milestone.

What are your thoughts about this development?

Cryptocurrency discussions / What is the best cryptocurrency to buy right now? What are some of its pros and

« on: November 25, 2023, 10:28:34 PM »

Bitcoin has always been the best crypto to buy anytime any day however, in the evolving world of cryptocurrency, diversification of portfolio has become paramount to achieve the utmost results which is profit making.

For long term holding or investment, BTC is non contestable but for traders looking for short term profits, altcoins are obviously the best crypto to buy but you must obviously dyor because just as altcoins has the potential to magnify profits within a short period of time, one can also encountered gigantic loss hence conducting due diligence is very essential

There are some altcoins with good ecosystem that have minimum risk looking at how they have performed over the years and also looking at their mcap which is a good indicator as to whether a token is worth investing on. Examples are KAS, XRP, LTC and BGB. Although BGB is a native token of Bitget exchange but it's one hidden gem that most investors are currently taking advantage of looking at the growth of Bitget over the last 2 years. Aside the fact that the token continues to surge and brings the desired ROI, holding it gives investors exclusive opportunity to get some airdrops for free from the exchange. It's worthy to note that the token is the best performing exchange token in 2023 and it has recorded several ATH despite the continued bear market.

The only cons attached to holding BGB is if the exchange encounter a major crisis which affects the reputation of the cex, users may want to sell it off before price dump but with the transparency of the CEX, that is likely not feasible hence it's more advantageous to Hodl the token before the next bullrun.

Cryptocurrency Trading / Naija trading challenge: First of its kind from Bitget stables

« on: November 14, 2023, 01:11:59 PM »

I have been a community fans of Bitget over the last 18 months and I have been an advocate of organizing a peculiar event exclusive to Nigerians been the number one crypto hub in Africa.

The recently concluded KCGI global event where an Helicopter Airbus, iPhone 15 pro max and Tesla Cyberquad among others rewards where up for grab further arouse my curiosity as to when Nigeria users will get to experience a peculiar trading event.

I became more worried whether this wasn't going to happen after seeing the ongoing Diwali event for Indian users but finally, there is an event specifically for my Nigerian users.

How does a trip to Dubai sounds like. This and many more are part of what to expect from this contest so let's brace up, come together and test our trading skills in this engaging and interesting contest.

Have you guys participated in any event of this nature from other CEX that I am not aware of, feel free to share your insight perhaps it might be of great help.

News related to Crypto / Bybit exit U.K, another worrisome scenario after Binance

« on: October 07, 2023, 12:56:26 PM »

The cryptocurrency industry is currently at a critical stage and the role of exchanges can either "Make or Marr" the growth of the space.

Since 2009 till date, the industry has encountered a mouth watering growth with many institutional adoption of which Honda Motors is the latest to announce purchase of their product via crypto. Let's not also forget Elon Musk also accept payment of crypto for his Tesla cars and other big institution around the world also accept crypto as means of payment to obtain their goods.

This shows the world and future of crypto look promising but one area of particular interest that could potentially hinder this growth seems to be compliance by crypto exchanges to be regulated which of course I personally deem important because of the past event of scam from exchanges, hacks and collapse of some CEX which left investors in shambles.

The leading cryptocurrency exchange Binance which is supposed to take the lead in regulatory compliance seems to be having troubles with many countries already due to one regulatory issues to another ranging from licensing, operating within the legal framework of the country and compliance to regulation in general which have caused their exit from countries like United States, United Kingdom, Canada, Switzerland, Japan and others. Recently Bybit another top crypto exchange has also exited the UK market raising an eye brow about the readiness of this exchanges to extant laws that seek to protect the interest of users and investors.

If this turn of events towards rejecting to be regulated by countries persist, crypto might prolly fade away with time especially if some top exchanges are not operational in top countries like USA, UK, Canada, Japan and the rest.

What are your thoughts?

Cryptocurrency discussions / Taking advantage of the market downturn via PnL trading contest.

« on: September 02, 2023, 12:34:48 PM »

2023 hasn't been much of a great year for crypto enthusiasts as the bear market persist without any hope of improvement as we head towards the last quarter of the year. We have also witnessed a significant drop in crypto adoption and for those of us who have stayed long in the space, it's a perfect opportunity to DCA ahead of the bullrun especially for long term holders. In the midst of this bear market, it is however worthy to note that some projects and exchanges have thrived surviving the harsh market condition

Daily traders whose source of income is solely from trading seems to be mostly affected with the current market situation as the prices of crypto assets are faced with high volatility. It's therefore usual to incur a significant profit and loss PnL ratio while trading but it's good to see an event targeted at turning this dramatic scenario into a gain for crypto traders

The Bitget PnL trading contest is one which caught my attention with several hot tokens like XRP, BLUR, PEPE, TRB and others all available to be traded in this contest. While I think this a good innovation for traders to leverage on, I will also like to hear your opinion regarding this kind of events.

Cryptocurrency discussions / KCGI 2023: An opportunity for UK traders to earn big

« on: September 01, 2023, 04:24:40 PM »

With the continuous market uncertainties which has made a lot of crypto traders sit on the fence, it has equally provided an avenue for top elite traders who has more insight about the market to thrive thereby gaining more followers.

Copy trading is getting more popular as most traders depend on the expertise of this traders to minimize their loss and maximize their profits.

Unfortunately, aside the usual commission they get from their trade being copied, there seems to be not much events where this traders can showcase their trading prowess and earn rewards.

Good news is that the KCGI 2023 is providing a level playing ground for traders to showcase their skills and earn big and UK traders seems to be at more advantage with a chance for 100 elite traders to share from GBP 35,000 prize pool.

While this is a motivation for traders to keep up the good works, I think the opportunity should be evenly distributed among traders around the globe.
What's your take on this?

Cryptocurrency discussions / Which other exchange token can follow BNB pattern?

« on: July 30, 2023, 03:46:59 PM »

Today in the world of crypto, BNB has become a household name. As of May 31 2023, the token is the 4th largest cryptocurrency just behind BTC, ETH and USDT. Though it was recently flipped by XRP which now occupy the 4th position in terms of market capitalization after their partial victory against SEC.

Since 2017 till date, BNB has witnessed incredible milestone and it's obviously one of the tokens investors are constantly looking out to invest in but of course, it didn't just started this big. Perhaps many people don't know the token was launched for as low as 0.1 USDT back in July 2017.

FTT the native token of FTX was another exchange token many was looking at until the sudden collapse of the exchange in November 2022. Exchange tokens popularity are currently on the rise because of some certain advantages they poses in using a particular exchange which include but not limited to the following; early access to IEOs, staking rewards, discount on transaction fees, free withdrawal e.t.c

Some exchanges like Bitget, MEXC and OKX with native token BGB, MX and OKB respectively are looking really promising but which one can actually replicate the form of BNB is the question.