BashJasper
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Everything posted by BashJasper
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Interesting info here; it corroborates the info on other crypto media. Overall, it's worthy to note that there's been improvement in acceptability of crypto and adoption. Also, people are beginning to realize that crypto investment and trading can actually be used as a hedge against economic inflation globally. There's also the fact that BTC might not be the spotlight of crypto HODL and trading these days with BGB and OP making some good gains in the last 3 quarters.
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Nothing is certain yet until major events kicks in like the hugely anticipated approval of BTC spot ETF across over 30 applications and the BTC halving scheduled to be completed in less than 190 days. Another could be the removal of Gary Gensler as SEC chairman by either sacking him or making him powerless
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Are Trading Platforms getting better?
BashJasper replied to blazely's topic in Cryptocurrency and Blockchain
Well, looking at the stride Gracy Chen has been able to achieve in these few months. My joy is that this might put crypto in a huge positive light and increase adoption amongst users of traditional finance industry -
Bitcoin ETF On The Brink of US Approval.
BashJasper replied to Bash4j's topic in Cryptocurrency and Blockchain
Haha!! It depends on your definition of "brink" because multiple report have said BTC spot ETF trading may likely be approved within the next 3 - 6 months as consultation with the asset managers continues. This might coincide with post-halving of BTC which might a huge trigger for the much anticipated bull run. And as for BGB, I just ran a check on Nansen.ai and found out it has made tremendous gain in the last year as indicated here: -
Should Exchange Bend to Strict Regulations?
BashJasper replied to Captainsaudi's topic in Cryptocurrency and Blockchain
It's just unfortunate that Bybit is shutting their doors against their UK users for the countries introduction of the new FCA regulations called the "travel rule" which seeks to tighten AML guidelines. I really think this regulation will protect the integrity of crypto platforms operations in the long term. However, I commend other compliant exchanges like bitget for providing alternative for most users there and I know there also some native exchanges that will still thrive under these new regulations -
Honda Motors Now Accept Crypto Payment
BashJasper replied to Megamind's topic in Cryptocurrency and Blockchain
Adoption of crypto might be slow but certainly we are on the right track. With HONDA motors joining the likes of Tesla, Citi bank and ANZ bank recent adoption of blockchain, the only thing that could further boost investor confidence and increased participation is the approval of BTC spot ETF. Hopefully we can get back the mojo of crypto pre 2020 bear market. -
What Is The Next Big Game in The Metaverse?
BashJasper replied to Megamind's topic in Cryptocurrency and Blockchain
One thing I love about the metaverse ecosystem is that it integrates a lot other ecosystem easily proving more varieties for user and could habour wide range of users whose interests are in those ecosystems like NFT, P2E gaming, AI and VR/AR. -
I think their lawsuit vs SEC is anything but over because the court has already thrown out SEC proposal to appeal the partial victory. Fingers-crossed, with Ripples recent expansion and more adoptions, we might see a huge ATH of prolly $10 according to major crypto analysts. Thankfully, I bought some and kept them in my safe on Bitget wallet. But my plans for my XRP token is to be able to use them for something worthwhile in the future
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A lot of transformation is happening to BNB at the moment with the integration of bitcoin lightning network and Optimism especially with opBNB birth but that has not reflected in users confidence primarily because of the many negativities surrounding the platforms operations in North America and Australia. BGB on the other is gaining traction and value because a lot of investment is going into the development of the ecosystem recently with the injection of $100M and also improved partnership deals
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Post FTX impact on cryptocurrency exchanges
BashJasper replied to Wakanda's topic in Cryptocurrency and Blockchain
I know we still have a lot to do to attract massive crypto adoption but steps like those taken by Binance and bitget in the wake of what happened to FTX is commendable in righting the wrongs of the lapses and loopholes that exist pre-FTX saga. But more still needs to be done to restore confidence to the level it was pre-2020 bear market like consistent regulatory framework and regular security updates by crypto platforms -
As a crypto trader mastering the art of trade is quite a torturous journey; one that comes with patience and perseverance especially with the changes in regulatory requirements. As you know crypto trading requires a trader to carefully choose a secure and reputable exchange, one that can provide instructive charts that contains basic TA tools (those you can primarily find on Binance and Bitget)
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PayPal Stablecoin; Designed for Payments
BashJasper replied to XTRAVAGANZA's topic in Cryptocurrency and Blockchain
If that's the case, then I believe the next step is for the dev team to create an in-app EVM wallet that can process payment natively for PayPal users who wishes to use the stablecoin for transaction on the platform -
Chase Bank to Ban Crypto Payment for UK Customers.
BashJasper replied to Megamind's topic in Cryptocurrency and Blockchain
Reading through the news earlier on X.com, I really do not fault the reason behind their decision because of the risk of scam and fraud but on the other hand I felt what they should have done was to tighten their KYC policy and use a more secured main chain for transactions. Anyways JP Morgan has always been an anti-crypto for a very long time so I never expect anything different. I just hope UK residents who are crypto enthusiasts realize there are several ways you can transact your crypto and fiat without Chase Bank and one of them is to use a P2P exchange like kucoin and Bitget -
Are cryptocurrencies and AI a scam?
BashJasper replied to markocassanirossi's topic in Cryptocurrency and Blockchain
For me, AI can be the most efficient innovation in crypto in a long while. Reliability could certainly grow to an unprecedented high if more improvements are made because I think it's not a finished product yet. I've had the privilege to use some AI-backed trading tool on some platforms like the AI grid bot on bitgetglobal and the algorithm used is quite average at this stage but maybe close to the best at the moment. It simplifies complex trading strategies in one move making it possible to make informed trading decisions on behalf of the user. My take on whether or not it hasn't driven up adoption is that adoption are somewhat slow subject to the volatility of the crypto market and the recent rise in need for regulatory conformity -
I really love this selfless community service of yours to enlighten us on TA skills and how to become better traders and investors especially the importance of liquidity in determining the next price action of a commodity or token. Zones of high liquidities are very essential in placing limit orders to buy at best price or sell at best price especially for derivative traders. I just hope exchanges like bitget integrate this into their trading chart tools though we're still using the basic ones there but I think it's time to start integrating advanced tools such as this to increase traders' chance of getting the best out of their trading positions
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To be honest, Bitget likely has the best derivative liquidity and futures trading interface with lots of flexible risk management tools to help you navigate your trading easily. For copy-trading platform, you could still make a case for okx but being that the exchange doesn't offer retail services for most users in UK is already a limitation to the use of the platform in the region
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Well, as much as this indicator is a viable determinant, I think it's also important we look at the trend in the number of wallets holding at least 1 BTC which is also at a 4 years high. So, what it means is that as much as whales sell, new BTC maximalist are buying them off the market making it more scarce. And when you factor in the effect of the next halving in the next couple of months and the increasing difficulty in mining BTC, you'll realize that it's just a matter of time before the bulls arrive. So, for me, the strategy still remains "be patient and hold on to your HODL"!!
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Yeah, I think most of us saw that coming with Powell trying to safe the face of the dollar and the American economy though a lot of economic analyst are of the opinion that things are worse than it seems at the moment even though the figures coming out says otherwise. I'm of the opinion we stack BTC and stake ETH as much as we can financially tolerate as a hedge against any economic voodoo. Personally, I stick to a regular DCA policy to always buy monthly bottoms using my TA and with the help of the earn products on okx and bitget, I could actually stack on trezor without much impact on my budget
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DeFi- Redefining the way we access financial systems
BashJasper replied to Incarts's topic in Cryptocurrency and Blockchain
Yeah, I believe the path has been set by the tokenization of customers' deposit in Citi Bank, one of the top largest banks in the world. If this becomes successful, I think a lot of other traditional financial institution will most certainly adopt it for faster and cheaper transaction world-wide. Also there is a revolution in the crypto ecosystem right now where CEX are gradually becoming a hybrid of CeFi and DeFi with the incorporation of DEX-like features and integration of non-custodial wallet -
I did check out the website and got a feel of the games in the ecosystem. Using MCADE as the ecosystem currency span from NFT purchase to other in-game use case across all games in the ecosystem. That's gonna be massive only if there's much commitment towards upgrading the projects to meet the growing demands of blockchain gamers
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Was that why Citi group closed retail banking operations in Australia, UK and some part of Asia? To tokenize customers' deposit and make it more easier to transact? That's really classy! This will really reduce operational cost and make transactions faster using blockchain. It's a big win for crypto with Citi boasting over 200 million customers spanning more than 160 countries. That's a huge crypto market waiting to blossom! Gradually, I believe other crypto services will be added and more financial will start seeing the need to implement such move just as how Citi group pioneered the adoption of ATM and online banking in the 1970s and 1982 respectively