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Messages - DAMKAR
16
« on: May 18, 2024, 11:03:12 PM »
Is etherium safe?
I am an ethereum wallet user and I have used this wallet for a long time so I know a lot about this wallet. From the experience of using this wallet for as long as I have, I feel that the security system of this wallet is good enough and very easily no one can access this wallet without your permission. Since the security system of the wallet is good enough, if you use this wallet and deposit your coins in this wallet, your coins will be safe there. So if want to use this wallet then I suggest you to use this wallet surely you will get positive results.
Yes, I am also an old user of ethereum wallet and until now it is still safe and I have never lost my assets there. Maybe currently there are lots of wallet choices, but I am still comfortable and feel safe with an ethereum wallet.
17
« on: May 18, 2024, 11:01:14 PM »
For this reason I am actually surprised that Dogecoin outperformed Polkadot Coin. Due to being Elon Musk's coin, this coin has received a huge amount of publicity. As a result, it has overtaken Polkadot Coin and currently stands at 10 in the cryptocurrency. I think Dogecoin will gain a good amount of popularity in the future and its value will increase significantly compared to other coins.
You should not be surprised because if there is a project that develops very well like Dogecoin, then there is a possibility that Dogecoin can go to second place and take Ethereum's position, because we all know all the possibilities regarding cryptocurrency prices in the market.
This is very difficult to happen dude, doge coin rose to second place replacing etheruem. There are still many other potential coins above Doge which is currently ranked 9th. BNB and Solana are still popular and potential coins to buy at the moment.
18
« on: May 18, 2024, 10:58:05 PM »
Polkadot is a good coin for investors. Those who want to invest for a long time, of course, I think they can benefit if they invest in Polkadot. The polkadot price will definitely increase if it is a coin polka dot perfect for a long timein investing.
Yeah, Polkadot seems promising for the long haul. Its technology and ecosystem are solid, which could drive its price up over time. Plus, with its interoperability features, it has the potential to stand out in the crowded crypto space. Worth considering for a long-term investment strategy! 🚀
If you believe polka dots will be good for the long term buy it and hold onto it for the next few years. I personally prefer bitcoin, ethereum, BNB and Solana for the long term. because in my opinion these coins are more popular and have more potential than polka dots
Polkadot will probably increase its price again when altcoin season comes again, but for now BNB and Solana are still the best. Maybe we can invest with a small nominal amount in Polakdot so that when the price goes up we don't miss out on that opportunity.
Yes, polkadot are also an option for investing. Even though BNB and Solana are currently showing good progress, Polkadot will also experience an increase during the bullish season, so as you said, we shouldn't miss that opportunity.
19
« on: May 18, 2024, 10:56:57 PM »
The supply is so large and has such a large market cap that this is really very good for TRON coins to be more freely accepted in all centralized markets.
With the cheap price, TRON can also be used as an option for withdrawals from all Centralized Exchanges because the effect can also be that the WD fee is cheap, very different from the WD fee from Bitcoin and Ethereum which can reach more than 3 USD.
Justin Sun as the CEO also continues to update every day on Twitter so that TRON has lots of fans and continues to be traded throughout the cryptocurrency market. This is a very appropriate step from Justin Sun as the CEO of the TRON coin.
that's true, TRON supply is so large and many people invested in this coin.
Unfortunately I didn't buy TRON while the dip.
I see TRON price is already to high.
But It's not too late.
Etherium also had unlimited supply and it was falling very hard at the moment, but even after the news about the constant burning of the coin immediately began to grow and is growing now , tron can also make such a mechanism , no one prevents them and after it the price can increase very much.
This is one of the reasons the SEC has delayed accepting the Ethereum ETF. If only Ethereum's supply had certain limits, it would make the SEC quickly approve the Ethereum ETF. Even though Ethereum is the king of all existing altcoins, it cannot provide satisfaction to its users.
There are many things that the SEC considers when approving an ethereum ETF, including what you said, a supply that is too large is also not very good. Because many users have started to switch to other networks, even though ethereum is the king of altcoins, remember that it will not last forever and one day it will be replaced.
20
« on: May 18, 2024, 10:55:10 PM »
ETH and the BNB both platforms are good and best. ETH platform gas fee is so much high but in the BNB the fee is very low and this is good for the investors. This time the ETH platform projects are not so much high than the BNB becasue of fee but at first almost projects are connected with ETH and that time the fee is also very low.
I don't agree if you say both platforms are good, I just see that the BNB network is the best at the moment, because when you look at Ethereum fees which are too expensive then BNB still provides the best. Even though Ethereum fees are currently falling, there is a possibility that they will rise again when transactions on the Ethereum network increase.
This could happen, if ethereum network traffic increases again, ethereum gas fees will increase again. Binance smart chain is a good alternative choice, but we can also use Solana and TRON, because these two platforms are also quite good and cheap.
21
« on: May 18, 2024, 10:52:32 PM »
Having large assets in the form of BNB is also a good thing, because we can follow the launchpad there. The BNB coin is quite stable and moves according to the performance of BNB, I'm not saying this is a stable coin.
And I have no qualms with this coin. Because there is Binance behind it.
That's right, at least we can still make a lot of profit as long as we can make the best use of the BNB we have. The Binance Platform provides many options to still make a profit when holding BNB, one of which is being able to participate in Launchpad and also being able to carry out a staking program on Binance.
Binance always supports their coin, BNB with launchpad as you mentioned. BNB is one of the potential coins and is in the top 5 coins. This coin is quite strong and always shows good progress when bullish, it can follow the movement of bitcoin.
So when many people talk about Binance being a place where price manipulation often occurs, namely BNB, that's a pretty correct assumption, right? They have many programs that require participants to use BNB, just one way to cover up their cheating system, right?
I think it's just a strategy from Binance to maintain its coin, namely, BNB. and this is also done on other exchanges, how they always use their coins to launch launchpad programs. And I think that's a normal thing for an exchange to do to protect its project.
22
« on: May 18, 2024, 10:46:38 PM »
Ethereum coin is second only to Bitcoin, so even though it is an ERC-20 platform, it is in high demand and preferred by investors. But it has expensive gas fees which annoys the holders a bit, I do very few transactions mainly because of gas fees. Two transactions a week and most towards other platforms. Because this is the most economical way to save gas fees, Ethereum coins are popular in terms of holding. As an altcoin it will do well as it is reliable enough and has remained in the market faithfully for a long time.
Even though ethereum gas fees have now decreased, many still use other platforms such as Solana, BSC, TRC 20 etc. They are already used to the platform. because we know previously that the gas fee for making transactions on the ethereum network is expensive and it will make us lose a lot of funds just to make transactions
23
« on: May 18, 2024, 10:44:17 PM »
Many predict ethereum will reach an ATH price of $10K, but to me that seems unlikely to happen. If I predict the ATH of ethereum this season will reach $6K, if the ethereum ETF is approved by the SEC it is possible that the price of ethereum could reach $10K.
Ethereum does not walk alone and it works with bitcoin and if Ethereum hit $10k then bitcoin has to hit $150k or more because even the previous All Time High of bitcoin Ethereum was still at the low price of $3k not even $4k. And I don't think Ethereum will reach $6k in this whole again because if it would have climbed to $5k when it rising to $4k this year. But it reduced again to $3k and stay there for while time when bitcoin was making wave to the $73k
You are right, the movement of ethereum always follows bitcoin, maybe if the SEC approves an ETF of ethereum we will see a higher increase in the price of ethereum. I also previously said that an ethereum price of $10 seems unlikely if bitcoin doesn't reach more than $100K.
24
« on: May 18, 2024, 10:41:52 PM »
Agree with you, becoming a professional requires sacrificing time and capital. because with that we will gain experience. It's not easy to become a professional, even those who have been in crypto for more than 8 years, many have not yet become a professional, including me.
Learning, knowledge, experience and sacrifices can make you professional traders but for becoming professional traders you must have enough time, money and knowledge and without any of these you will always remain as a newbie in trading.
Actually becoming an expert requires time because new things and new coins are arising and even experts don't know which coin will be suitable for trading so they sometimes lose their money.
But the main difference between professional and newbies is that professional traders take their loss as a lesson while newbies try to recover the money without knowing the reason behind their loss and without decreasing his repeating mistakes.
For newbies I think is impatient for them to thoroughly understand the basis of trading before jumping into funding their account and just choose whatever coin they think could give them what they want without them making more adequate proper research. And of course professional always understood that their lost is a great lesson and would quickly adjust to finds out their mistakes and then correct it.
Beginners always want to make quick profits, without doing research and just reading hype news. That's why many beginners experience losses at the start. a professional always learns from past mistakes and defeats, and tries not to repeat them, I agree with your opinion
25
« on: May 18, 2024, 10:39:23 PM »
Yeah, there are lot of people getting rich before just by hunting airdrops for free, but now it's very rare to happen. There were only few participants of airdrop in the past and because they are so many hunting airdrops the allocations for each participants will only receive a small amount doing many tasks for months. So I think it's not worth it, particularly if you are not hardworking enough to get on the top of the leaderboard.
Looking bigger reward of airdrop looking the reward allocated amount, some airdrop allocated around 2% to 40% for community or airdrop participants behind their coins supply. Its very worth airdrop for participating but some airdrop allocated by using estimate around 10k dollar to 100k dollar but its not worth yet behind the participants is not limited.
I think have been selective for getting bigger amount of airdrop reward by allocated based on their coins not depend with estimate because currently each campaign of airdrop have thousand hundred participants.
Nowadays, it is quite difficult to earn $10,000 in an airdrop without spending money. The most profitable airdrops I observe are those that create a testnet; each transaction pays a cost, and the more money transferred, the greater the rewards. Because they did not show the criteria, many testnet participants will not receive a rewards.
Aside from that, it doesn't matter how much the supply; what matters is the percentage of overall supply allocated to airdrops and the marketcap.
It's true, Airdrop is different now, it's not like before where it was very easy to get as much money as you mentioned, but when you have some special tricks and you also want to run a node if there is one then that task will get quite a lot of results.
Can you share this special trick here, because I have participated in airdrops many times, only getting small rewards. and for me it is not worth the time I use to do the assignments. I prefer BTC paid bounties, because we definitely get paid every week.
26
« on: May 18, 2024, 10:36:17 PM »
Binance's reputation is damaged not because of the mistakes of any transactions made by its users, as far as I know, but because of internal errors by those who do it.
Binance has done well with every suspicious transaction, but cannot freeze it unilaterally because it will set a bad precedent for its users, and they don't want to lose their users because of negligence that is done without anything that can be accounted for.
That's right, an internal error was unable to control the entry and exit of money at Binance so it was caught committing money laundering which was prosecuted by the SEC. So this error made the CEO of Binance, CZ, have to take responsibility for the problems that occurred. Hopefully Binance will learn from this mistake so that it doesn't happen again in the future with the same mistake.
Yes, I hope so too. Hopefully the CZ incident will not happen again because this will affect Binance's reputation as the best exchange. And the trust of users can decrease if this happens, it will also affect the BNB coin.
27
« on: May 18, 2024, 10:08:28 PM »
When the market price correction occurs, I prefer to buy more bitcoin, but for this correction I prefer to wait until the price falls further, because the bitcoin price movement pattern after the increase some time ago has collapsed again and there is it is possible that the decline in bitcoin prices will be deeper.
The best time to buy Bitcoin was when it was reduced to 57k$ but now it is again higher like that of 66k$ therefore try to wait for the best time to buy more Bitcoin if you have already bought some at a lower price.
Price prediction is very hard to make but people are working and collecting their coins when they see the market to be lower in cost and that time suited well for accumulation. Now investors should keep calm if the price goes higher then they will be in profit and if the price goes down then they will have the chance to purchase some more.
Yes, currently the price of bitcoin is rising again and we see the price of bitcoin has returned to $66K, it's best to do a short term, if you have time to trade. if you wait for the price of bitcoin to fall to $57K, it looks like it will need some more corrections. but anything can happen in the crypto space. let's see.
28
« on: May 18, 2024, 10:04:39 PM »
Before the halving occurred, it seemed like the ETF effect had indeed occurred on Bitcoin, but it seemed like it would continue to happen again, and it would still take time after the halving, Because there could be a correction first and that is natural and very good for investors to continue buying and will provide encouragement for Bitcoin to increase sharply.
While waiting for the 4-year period which falls in 2025, there will be a lot of turmoil, and we have to be ready for that.
I think so
Correction is a healthy reset, capital flows into the network climbing again, Bargains will float to the surface and correction can be the perfect time to get rich if we are prepared for one
BTC just had a halving, Financial Companies are coming in and Halving will make BTC more valuable.
We are still in the early stages of a huge exponential move, Bitcoin season.
And I hope Altcoin season will follow soon
agree, because this is the initial stage of the 4-year cycle that usually occurs. corrections will always happen, although many panic and think the bullish season is over, I don't think they look at past experiences. Bitcoin is bullish after a year of bitcoin halving, that's what usually happens.
29
« on: May 18, 2024, 10:02:16 PM »
I would never assume that all airdrop campaigns are genuine or that all airdrop campaigns will pay you. I have enough experience working on air drop campaigns and from that experience I can say if you run 100 good quality air drop campaigns out of which one or two will pay you the most. If you think that I will join any airdrop campaign and get paid for 100 airdrops together then you are wrong. Because first you need to find good quality air drop campaigns then join those good quality campaigns then you can expect like payment. But if you are patient and join good quality air drop campaigns then some big payouts can satisfy you.
Currently it is difficult to find Airdrops that are really good and will pay with high rewards. My principle is that as long as I have free time to do it, I will do it.
Just leave the final result alone and we don't need to have too high expectations to get a big reward, so that we won't be disappointed and remain enthusiastic about working on Airdrop.
If you are willing to take the risk by participating in a retrodrop or other airdrop that requires capital, you will get a higher profit than a free airdrop. Many free airdrops are not successful, but if you have free time, go ahead.
30
« on: May 18, 2024, 09:55:52 PM »
Though trading and gambling are two different things, in my opinion those who are not well versed in trading related matters, there is no difference between trading and gambling. A trader needs to acquire various skills for trading. But gambling does not require much skill. Because gambling is largely dependent on luck. A gambler can gain a lot from gambling if he gambles with little knowledge of gambling but there is no chance of making quick money in favor of a trader.
The two concepts are indeed different but yet have something in common which is the involvement of risk, how successful you are in both of them depends on your risk management and tolerance.
Gambling is mostly more about luck and chances and less skill and experience while trading requires more of skill and experience and less luck and chance, to be a successful trader, youll need all the knowledge, skill and experience about thr market's dynamics in other to help you make logical decisions while trading.
Maybe gambling lovers will prefer gambling to trading. This is natural, because the decision depends on our abilities and preferences. Gambling prioritizes luck and opportunity. You are right. While trading requires experience and expertise, it takes time to become a great trader.
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