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Messages - Savannah180

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I'll leave you an image here that shows top gainers in the past 7 days on BingX. I'd like to know if you're trading anyone of them and what sector of crypto do they belong in maybe that'll help other forum members know which sector in the crypto space has the most attention now to help narrow down their choice for projects to invest in.

https://ibb.co/4QZ1s3s

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When staking, you do not send the BTC to a third party. It is locked in a self-custodial Bitcoin Staking script that you control. This means that any subsequent movement of the BTC will need your approval. You are the only one who can unbond the stake and withdraw.

There you go. You will need to send BTC to someone at some point, and then it can never be in self-custody the whole time during staking. I think the platform in question is misleading people, and that is often not a good sign.

To your second question regarding what use it is to the platform if they can't use your money......
Transaction fees are being paid so I guess they don't need to use staked BTC assets.
What does that even mean?

You know, you could be right or not. You can maybe go over the website yourself for more clarity. My major point of attraction to this project was the fact that I do not have to wrap any token before staking $BTC.

I'll look into it some more before using the platform.

3
Babylonlabs that enables you stake without pegging or wrapping and you have custody of your assets.
I have never heard of it. Just to clarify things more, are you saying that you will have custody of your coins the whole time while staking? I mean, almost every genuine platform has a process of unstaking. What is the use of staking for the platform in question if they cannot use funds?

I'm sure you're not the only one who doesn't know about this staking platform. Like I mentioned I only knew about it from this event on BingX and then I did my own research on the project.
Pre-register link: https://forms.gle/NX2VEKqX2ga3ihrU6
https://bingx.com/en/rewards/


Now to your question,  I read through the FAQ on the platform site, and this is what I found.

Does my BTC leave my wallet once staked?
Technically, your BTC has not left your custody. However, your wallet will not show the BTC you staked in your available balance once that BTC is locked. Current wallet implementations do not yet know how to display staked BTC that is still in your custody. When staking, you do not send the BTC to a third party. It is locked in a self-custodial Bitcoin Staking script that you control. This means that any subsequent movement of the BTC will need your approval. You are the only one who can unbond the stake and withdraw.

To your second question regarding what use it is to the platform if they can't use your money......
Transaction fees are being paid so I guess they don't need to use staked BTC assets.


4
No one ever talks about how easy it is for one to lose their $BTC in the process of wrapping or pegging all in a bid to stake it.

Imagine the pain of loosing your assets while in the process of trying to make gains on it. Talking about this seems personal to me because I have experienced it first hand. And I would've given up on staking if not until a trade buddy told me about Babylonlabs that enables you stake without pegging or wrapping and you have custody of your assets.

What's worrisome is that fact that a lot of you knew about this staking platform but never talked about it. How did I know? I know because most of you are participating in the $BABY airdrop and even that on BingX so why didn't anyone say a thing about it?
Lol you never thought you'd be helping someone by talking about good platforms you've used for one purpose or another right?

Phew! Some things needs to be talked about more in this space, so that others can learn or take precautions. 


5
So guys, for whatever reason the crypto market is dipping. I'm talking about big cryptocurrencies like $BTC, $ETH $SOL even $USDT is dipping against my country's currency lmao!

So what is everyone doing at a time like this instead of selling?
I just want to know because I'm at the verge of locking up everything I own at the moment on some savings plan while I await an uptrend price action.

I've saved a few tho, particularly for $USDT. I'm Just asking to know what everyone else is doing before I lock everything up.
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6
Incentivised Posting / Shill / Re: The future of blockchain gaming.
« on: February 12, 2025, 11:24:45 AM »
Same! I mean I would rather have access to everything from one app. It makes everything easy. The project enables you use your in-game character from one game on other games too.

You should research about the project.  I can't share links I would've showed you.

7
Incentivised Posting / Shill / The future of blockchain gaming.
« on: February 12, 2025, 10:20:38 AM »
This one is for gamers in this forum. Would you rather have a single gaming project that enables you participate or maybe interact with other game projects from a single app, or you'd rather have each game installed on your device so that instead of just switching to another game from a single app, you have to minimise and login to another game app to play?

I think I find the former quite conducive. And before you say there are no gaming projects which supports this feature, think about B3. Not sure if quite a lot gamers already know about this project, but as yesterday, it was making some waves as it's token B3 was listed on Cex.
So, what's it going to be for you?
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8
Cryptocurrency discussions / A buying opportunity in the dip?
« on: February 03, 2025, 06:19:04 PM »
Today, the crypto markets are seeing a noticeable dip with red dominating the charts for most popular cryptocurrencies. So many investors are panick-selling and I really doubt it that's the right approach to take tho.

One strategy I've picked up over time is buy when there's panick and sell when there's an increase. But a lot of new investors do the opposite and end up buying high and selling low.

I did that with $LUX today while going through lists of projects on BingX innovative zone.  Although its price trend was on a rather bullish side but still affordable.

So, which investor are you?
1. Panick seller when prices dump.
2. See an opportunity in the dip, and buys it.

9
Forum related / Re: Hi, introduce yourself
« on: February 03, 2025, 05:31:05 PM »
Hello everyone, Savannah here. A crypto enthusiast, investor and strong believer in decentralised finance.

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