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Messages - BitHunter

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1
With cryptocurrency gaining popularity and adoption projects are springing up to ease everyday transactions like you said OP. However Coinbar Pay like Ivenpay and the likes are very good alternatives even though they seem to be aimed at a particular region. Like the CBPAY you spoke of, I don't know which country you are from but since they operate with euros, I can safely assume that they are currently targeting the EU zone.

Hopefully when Bitget list it's token potential developers from other region are inspired by thi kind of projects cos it could come in handy when you are in a haste and don't have time for P2P conversion before transactions.

2
Generally, newbies in any space tend to be erratic in decision making and even more so in crypto. Statistically, it's more likely for a newbie to blow his account than a seasoned pro even if they have the same amount to start with.

However, there are ways to earn that are far safer and guaranteed to not blow a young portfolio. The most common ones are airdrops, staking and farming. In the recent past, some CEXs have introduced new ones like PoolX which can also be a good avenue to earn since more often than not, it involves the use of stablecoin and guarantees your capital. Some very good hits for PoolX have seen upto 75% APR which is commendable by any standard.

Overall, I believe the above methods are good starting points for newbies.

Kindly share if there are better options guys... I don't mind earning like a newbie every time I can!

3
Community Coins & Tokens / Are Users taking over crypto Devs?
« on: June 13, 2024, 04:10:25 PM »
Hey guys, we as a people have become accustom to the idea that only the marketers get something out of the sales of products and services. For example, Google ad, admob, Facebook ad, Twitter, Instagram etc... see users as product they sell for ads money! Recently though, there have been some key incidents that have lead me to believe that there is a push back...

Literally one of the project's that comes to mind is Push project then more recently EtherMail allowing users to earn from ads emails and engagement. Yesterday I also came across Cookie3 MarketingFi protocol which I believe is doing something similar!

They seem to be rewarding users for their engagement and contributions to projects by leveraging AI and blockchain to create a transparent and efficient marketing ecosystem using their $COOKIE token.

There seems to be a paradigm shift from the traditional approach which has led me to the question... Are developers listening more and hence developing user centric projects? Or... Users who have become developers are building projects based on their pain points?

I couldn't imagine companies generosity fueling this?

4
Hey guys, being in the crypto space means we can participate in airdrops that pops up and hope for the best. So I saw this Nigerian guy on Twitter who made $6k from literally tapping his phone with NOT coin and has since been propelled to KOL stardom.

I mentioned him because I saw on of his quote about airdrops "do everything and expect nothing". I have to say it kinda wrap up the expectation level I have since attached to airdrops.

My dilemma began after the OEX airdrop when Bitget Wallet started there airdrop on Satoshi app... I got in early and got my little share. Then got some more while staking, before the listing.

The question here is, Binance and other tier 1 CEXs and DEXs have 1 token for there ecosystem, so, what could be the reason for Bitget having two (BGB & BWB)?

Would the BWB I gathered be worth keeping if it won't be the life blood of the ecosystem?

5
Meme Coins / Re: Does Autoburn Increase a Token's Value?
« on: June 07, 2024, 06:01:21 AM »
My curiosity is, since 4% of $CWIF are automatically burned from every on-chain transaction, will this defensive mechanism automatically create scarcity by reducing supply and increase value...?

Generally speaking, with less in supply the price of a coin may increase, that is assuming that other factors are also working well accordingly because no matter if the supply is so low but the market is taking a coin to be just another shitcoin then it would be hard to prop it up higher. This is actually a very basic thing in the world of cryptocurrency and in fact anywhere in almost all industries in the world...with lesser supply a commodity can be more valuable and its price will be surging. And talking on drawbacks, I see no disadvantage with this burning of some of the supply and that is the reason why many coins even the established ones are also using burning to drive more value to their platforms...in fact there is nothing new to it and I know many new projects can also be applying this thing to their circulating supply as well.

thanks for putting things in perspective. I probably have to look into the blueprint of more tokens to get more experience but your pointers will be a good guide!

6
Bitcoin Forum / Indonesia Opens a Bitcoin House in Bali
« on: June 03, 2024, 05:13:03 PM »
A place where the Indonesian people can learn about the many potentials of Bitcoin and what it has to offer
I believe with innovations and projects like this, we will probably see more people in the crypto space soon...

(Source: https://x.com/BitcoinNewsCom/status/1797251839911448819)

Who wants to move to Bali? Sign me up

7
Meme Coins / Does Autoburn Increase a Token's Value?
« on: May 28, 2024, 11:16:23 PM »
Hey guys, can I say we are in the memecoin season or Solana season? Either way there seems to be a lot of Solana memecoins lately and they are actually doing well... Considering...

Although I have followed CatWifHat from its early days in late December last year, there is something I couldn't wrap my head around. I haven't particularly bordered to ask either cause I was accumulating without selling.

My curiosity is, since 4% of $CWIF are automatically burned from every on-chain transaction, will this defensive mechanism automatically create scarcity by reducing supply and increase value...?

If yes, what are the possible drawbacks?
If no, what is the possible aim of this?

Lastly, are they the only memecoin using this logic?

8
~snip~
Both former television hosts, Binance’s Yi He and Bitget’s Gracy Chen currently lead the world’s largest crypto exchanges by volume. In a blog post published on May 21, Gracy Chen, CEO of crypto exchange Bitget, detailed her journey leading an exchange that facilitates $4 billion in trading volume.


Tell your boss, Gracy Chen, that this way of promotion does not serve her credit or the company she represents. Unfortunately, you're just another BG shill, although you've changed your strategy a bit, so you don't mention your company in every post.

I can understand from your approach that you take sides easily even if you are less equipped to do so...

Since when did expressing a viewpoint (from a neutral and reputable platform like https://cointelegraph.com/news/meet-women-behind-world-largest-crypto-exchanges ) that does not suit your taste become a crime. Did everything you ever talked about not relate to something or someone or somewhere.

9
Statistically, the crypto community is usually dominated by Male and this is backed by many publications indicating about 70% of the crypto community is made up of male demographic...

However, these phenomena seems to be blown out of the waters when it comes to the higher echelons in the crypto landscape and this is particularly evident in the fact that women are behind two of the world's largest cryptocurrency exchanges.

Both former television hosts, Binance’s Yi He and Bitget’s Gracy Chen currently lead the world’s largest crypto exchanges by volume. In a blog post published on May 21, Gracy Chen, CEO of crypto exchange Bitget, detailed her journey leading an exchange that facilitates $4 billion in trading volume.

With this two figures being isolated but exemplary examples for ladies, do you think we will see more female interests in the crypto space?

10
Ethereum Forum / Is this a good time to buy/stake ETH?
« on: May 23, 2024, 06:35:53 PM »
There have always been ups and downs in the crypto space and even stable coins like Bitcoin and Ethereum have not been immuned. But as always, a good insight and a good setup is always essential to make some gains.

Few months ago we saw the approval of BTC ETF and there was a corresponding bull run and hit a new ATH... That happened even before the somewhat underwhelming halving event as some say.

So guys, the ETH ETF is on the brink of approval and I'm getting bullish but more often than not, insightful setups are better than sentiments...

My curiosity is if this would be a good time to stake ETH? Plus, some CEXs are getting other existing trading and staking events up in anticipation of the approval, are they worth it?

11
Crypto Wallets / Can PACK replicate BNB's success?
« on: May 23, 2024, 09:39:46 AM »
Hey guys, I know this is a long shot but here is my though progress...

Utility has been the life blood BNB and it is with this that it gained so much value. I remember once I got chosen for an airdrop and I couldn't claim it coz I didn't have any BNB for gas fee... Needless to say, I got me some so I could claim my airdrop...

With that in mind, I came across PACK which is the native token of the HashPack wallet and remembered my experience. HashPack wallet is already been used by 95% of the Hedera Chain users which is already a good market monopoly. If they were to use the PACK for gas fee, could it propel it value?

Can it generate instant intrinsic value? What are the pros and cons for doing that though?

Thanks guys!

12
Meme Coins / Should I Hold My FUD?
« on: May 14, 2024, 07:44:04 PM »
Hey guys, I need your opinion on this token I was keeping an eye on since last year. In December, I participated in FUD airdrop and although my hopes weren't particularly high at that point, I racked up some FUDs...

Fast forward to a few days ago, there were news of listing on CEXs and it got me thinking if I should hold what I got and add more, or hit the sell button?

13
The crypto community can be a place where you meet lots of enthusiast who are just beginning their journey in the space. While there are forum which act as cushion for soft landing and asking experienced veterans questions, platforms also play their role by creating an enabling environment for new users.

So when I saw Alltoscan, I kinda remembered when I started crypto with both FOMO and FUD 😅. But checking out services it offered and how prioritizes security with advanced measures to safeguard user data it could inspire confidence in new users.

Do you think better knowledge about DeFi and crypto in general could help transaction folks into crypto? Plus, Is Alltoscan a worthy addition to investment as they will be listing their token soon?

14
User engagement plays a pivotal role in the ever-evolving world of cryptocurrencies. With data from "SImilarweb", ICO Analytics was able to shed light on the shifting preferences of crypto enthusiasts across various platforms in April 2024.

After going through it, here are the key takeaways in my opinion. Binance, despite being the leader with 75 million visits, faced a -26% decline from March while Coinbase and BYBIT both experienced a significant drop of -31% and -21% respectively.

The biggest gain was experienced by Bitget, with an impressive +11% growth increase in web traffic in contrast to the negative trend, while the steepest decliner was KUCOIN with -39%, highlighting the volatile nature of user trust.

As exchanges adapt and enhance security, attracting and retaining users remains a challenge.

What is causing this significant decline though?


15
As blockchain technology and cryptocurrency are growing immensely, there has been a significant move on the part of developers to incorporate other real life activities. Having my little garden at home, I kinda wanted to know more about LandX Finance when I came across it yesterday...

It describes itself as a blockchain protocol that aims to introduce RWAs into the world of DeFi through Perpetual Commodity Vaults. With all the fancy words and terms, I wondered if farmers are going to be benefiting from such projects?

Who benefits more, the farmers that owns the RWAs or the crypto investors? Can farmers then directly invest in their RWAs? Will it be ethical?

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