Maxicreed01
Community Member-
Posts
107 -
Joined
-
Last visited
-
Days Won
1
Content Type
Profiles
Forums
Blogs
Events
Community Tutorials
Store
Everything posted by Maxicreed01
-
BingX's Iranian Access: A Cause for Concern?
Maxicreed01 replied to XTRAVAGANZA's topic in Cryptocurrency and Blockchain
This is obviously a wrong call and may expose user assets to security risk if the .@SECGov and .@JusticeOIG should come knocking. I couldn't risk my assets there and have long moved them to other platforms particularly MM and Bitget. Stay SaFu if you are still there mate -
I have not been a fan of either of exchanges and wallets native tokens but would wanna explore it now. I took interest from the current hype around BNB, OKB and BGB. These tokens particularly BNB and BGB has shown strength which is obviously due to increase in demand to take part in the most of the launchpool. BNB rose almost 80% in the past 1 year, BGB was on the spotlight with about 190% in a year. OKB may not be left out due to it's potential but has made any significant movement recently. Wallet tokens on the hand have also been doing well but may not be compared to Centralized exchanges imho; I have also monitored few wallet particularly trust wallet and C98 wallet. My best guess is we could be seeing the wallet tokens making impressive price action as we approach post halving due to increase in transactions and I wonder if any one here is considering the prospect BWB token for Bitget wallet. Launching pretty soon and airdrop participation in play. I would appreciate your speculative opinion on it potentials.
-
Crypto trading is a bit complicated when it comes to understanding the dynamics in profit making. Some people are more inclined to technical analysis which of course has been the widely used trading tool but some are more inclined to fundamentals but sticking to fundamentals alone could be highly risky in my own opinion even though crypto is also financial instrument that often respond to news updates. A blend of the two could provide a safety net for traders in minimizing losses compared to potential profit. The above case scenario is largely attributed to perp futures trading and other derivatives. TA and FA could also be very useful for spot trading but I feel timely listing of projects could largely determine one's profit from investing in a project. These may not be for all projects cos some are **** coins. This could be a personal perspective but I have noticed listing speed is also another important factor to consider along with project fundamentals when trading and if we are to include listing speed as a factor for choosing trade then it will affect our choice of trading platform cos some are more inclined to top cap projects while others are more inclined low cap gems. My experience with ORDI has proven this trading skill rewarding. ORDI was first listed on Bitget before other exchange joined the listing party after it saw rapid adoption reflecting in it significant MCap growth. This chart should give us a glimpse of my experience with this strategy.
-
Bullish Momentum: ETH Prepares for Starknet Airdrop
Maxicreed01 replied to Wakanda's topic in Cryptocurrency and Blockchain
I don't think we can still take part in the airdrop but buying it could be the best option particularly as the market seems to be helping to create a good entry price. -
In the aftermath of the recent FTX incident, cryptocurrency exchanges have undergone a paradigm shift towards bolstering security and accountability. Two key strategies have emerged as pillars in this effort: Proof of Reserve (PoR) and SaFu Funds (Safety Net for Users). Proof of Reserve, now hailed as the Pillar of Transparency, leverages cryptographic techniques to demonstrate that exchanges hold ample assets to cover customer liabilities. Utilizing Merkle trees, a data structure ensuring the integrity of large datasets, exchanges can provide evidence of possessing the necessary reserves to back user funds. SaFu Funds, also known as customer protection funds, serve as a Safety Net for Users, demanding exchanges to set aside a pool of assets to safeguard users' funds in the face of security breaches or insolvency. These funds, kept in a separate wallet, are exclusively reserved for user protection and are not utilized for trading or other business operations. Consideration of these two factors is crucial when selecting a reliable exchange. While PoR offers a snapshot of an exchange's financial health at a specific moment, SaFu Funds provide a comprehensive safety net in a broader range of scenarios. Several exchanges, including Binance, OKX, and notably Bitget, have taken a proactive stance by implementing both Proof of Reserve and a Users Protection Fund. Reports from token Insight and Coingecko indicate that these exchanges have experienced decent trading volumes, showcasing the success of this hybrid initiative. This dual protection strategy not only aims to prevent incidents akin to the FTX debacle but also assures users that their assets are backed by both cryptographic verification and a dedicated pool of funds. As the crypto landscape continually evolves and learns from setbacks, relying on the combined security measures of Proof of Reserve and SaFu Funds seems to offer a promising path forward. Exchanges committed to these dual strategies provide users with a heightened level of confidence in the security and protection of their assets.
-
Gracy Chen of Bitget also pointed out that post halving bull run are always fueled by other factors and this time around we could be seeing interesting multiple factors which may include the growth on the BTC ecosystem, DePIN, L2 and L3 tracks. We could also be seeing the mother of all bull run this time but only time will tell.
-
What's your thought about memecoins?
Maxicreed01 replied to Wakanda's topic in Cryptocurrency and Blockchain
Meme are worth investing but do it with what you can afford to lose. They can be be very profitable particularly if you join the trend early and I feel your choice of exchange has been recently attributed with an impressive listing speed which should put you in a good position. I will also look into the project -
How to prepare for the next crypto bull run
Maxicreed01 replied to Wakanda's topic in Cryptocurrency and Blockchain
You obviously are a conservative type of trader and ya, it's good to always play safe and with current upgrade on Bitget copy trading we could see more improvement in terms of trading experience particularly as selecting Elite traders will be hassle free. -
ICE blockchain: The journey so far
Maxicreed01 replied to Wakanda's topic in Cryptocurrency and Blockchain
I believe Bitget listing is a matter of time and most ICE holders are also curiously anticipating for the announcement to happen. -
In the tumultuous realm of cryptocurrency exchanges, the TokenInsight 2023 annual report unveils a captivating narrative of resilience, rivalry, and shifting dynamics. Despite regulatory storms, the top 10 exchanges weathered the tempest, showcasing remarkable resilience and amassing impressive trading volumes. Binance, the reigning champion, maintained its dominance, yet challengers like OKX, Bybit, and the particularly Bitget who have constanly jostled between top 4 and 5 derivative platform emerged as formidable contender, vying for a larger slice of the market pie. In stark contrast, the decentralized exchange (DEX) landscape painted a picture of relative tranquility, seemingly unfazed by the ongoing "not your keys, not your crypto" crusade. ORCA and Raydium emerged as beacons of light, capitalizing on Solana's price surge towards the year's end. The report also uncovers a startling revelation: derivatives trading has become the dominant force, accounting for a staggering 90% of the volume on most of the top 10 exchanges. This raises profound questions about the future of spot trading, as traders and investors flock to the allure of derivatives. Are we beginning to see a shift from spot trading to more of the perp futures trading?