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Messages - Joseph Lee

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1
Okay it's the last Friday of May so let's have a light-hearted thread here. Don't know about you, but I've personally always found it funny how new narratives consistently pop up in crypto and then die out before we get to see anything worthwhile come off of them. When I first joined this industry in 2021, first came the Metaverse (virtual reality) with all its promises, then Non-Fungible Tokens (NFTs) became the next big thing, capturing the public's imagination with the potential of digital ownership and provable scarcity. However, the hype around NFTs quickly faded.

Next came Mixed Reality (MR) and the idea of blending the physical and digital worlds, but this too has yet to gain widespread traction and adoption. And now today I heard about Mixed Reality Infrastructure Network (MR-DePIN), the latest buzzword-compliant crypto narrative making the rounds. To be honest, I didn't bother checking what this one is or which big names are involved this time.

But something tells me we havent seen the last of these. It will be interesting to see the next big thing is that the crypto community latches onto. Will it be quantum-resistant blockchain technology?LOL

2
Meme Coins / Are You Confident in Your Memecoin Holdings?
« on: May 29, 2024, 05:30:39 PM »
Looks like the memecoin frenzy isn't stopping anytime soon. Personally, I'm looking to get myself in the game with some new buys but I've been out too long. For now, Solana seems like the most attractive chain with some like WGW, BCP, and PEPEBOOST being seemingly catching to the eye. But I'm curious about what other traders here think of the chain. Where are your high-conviction meme tokens and are they on Solana?

3
Cryptocurrency discussions / Any advice for a newbie?
« on: May 24, 2024, 10:17:25 PM »
I'm still a little new to this so just thought to ask here, how familiar are you folks with pre-market offers? I've seen a new token I'd like to buy but for now it's only available on pre-market basis.

From what I know so far, premarket facilitates peer-to-peer (P2P) trading between buyers and sellers, enabling them to acquire coins at optimal prices, secure liquidity in advance, and complete delivery at a mutually agreed upon time. It allows buyers and sellers can establish orders in advance to execute trades as desired and complete the trade at a later time. That part's explanatory, but I'm sceptical about these type of transactions. Any advice would be helpful pls.

4
Using CEX or other custodial staking platform is good when we're talking about convenience. But i'd rather consider non-custodial staking pool, where i can get the reward while keep ownership of the coin. Although popular coin (such as ETH) usually have low return rate these days.
On the contrary, popular coins such as ETH do have decent rewards on some platforms. On Okex and Bybit for instance you get over 1%  for using their flexible savings yield which is good considering the fact that these are secure places that have stood the test of time

5
Incentivised Posting / Shill / Re: ZkEVM is the future?
« on: May 24, 2024, 10:12:07 PM »
I've already seen people talk about how premature it is to invest in TKO at the moment, but personally, I think its the opposite. I believe that if you're getting into something new  it's best to do so when many haven't discovered it yet. On that note. I plan to buy some TKO through Bitget's premarket trading. As far as I know they're the only ones offering an opportunity to trade the token before its official listing.

6
It's been a few months since CZ left Binance. I recently read a tweet talking about how Binance's online presence hasn't been the same ever since. Heck, most people don't even know the new CEO's name, which isn't good for a company that big. As much as I think a single person doesn't "make" the entire company, this has taught me a lot.

I'm also starting to see why Bitget chose to promote Gracy Chen to CEO today after so long. Or why Justin Sun still remains the face of several companies after all this time. Just like Justin, Gracy is a person who commands a lot of presence online and knows how to keep users excited about any new innovations. If anything, I guess this teaches us about the importance of having a smart, but exciting face as the representative of any company. We can only hope she keeps up this pace continues to grow. Also, that somehow, we get to see the CZ vibe again sometime in the near future.

7
These days, almost every Web3 company tries to create NFTs with some form of utility or the other for the sake of adding more value. While some are only just talk, a few actually live up to expectations and turn out to be crazy useful even in real-world situations and events. I've seen some used as tickets for shows, confirmations for transactions, and most recently as login tools for web3 companies and traditional Web2 apps like Google Meet and Zoom. I think the latter was the most interesting I've seen so far. It was one of the avatars created using Lifeform's DID solution to create hyper-realistic virtual human pictures.

What amazes me the most is how it seamlessly works even on web2 servers, when normally I'd expect its utilities to only be limited to the Web3 space. I still find it exciting, but something tells me there's more amazing stuff out there.

Curious to know which ones you've found most interesting since you started dealing with NFTs.

8
Got into a slightly heated discussion with co-workers yesterday and I thought I'd bring it here for thoughts and answers. We were talking abt deposit method which is most suitable for large amounts. For my best friend sitting next to me, its the good ol' fashioned bank transfer because according to him, its just easier. For another guy, funding crypto wallets (whether big or small amounts) should happen through credit or debit cards because that's best and we're all used to making use of these cards anyway.

For two of us at the table, peer-to-peer (P2P) transfers was the pick. Privacy is paramount and that's the major reason behind this choice since it eliminates banks and other 3rd parties.

Personally, I see no reason why a person who is into crypto for the sake of decentralisation in the first place, would want to use bank transfers. But that's just my take, I'd like to hear yours.

9
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.

Giveaways have often been part of the crypto space, it's a way for platforms or organizations to give back to it's users. The new user reward you speak off, can you provide more details or is it for all new users regardless of region..
It's pretty straightforward.  After downloading the Bitget app and completing your KYC, you get a trading bonus on the platform. Thereafter, completing deposits and executing trades of $50 each will each qualify you for other bonuses and rewards.

10
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 $15 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.

11
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.

12
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

13
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?

14
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.

15
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.

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