Wakanda

It's a common saying that hard-work and consistency pays and that is the story of Gracy (The Managing Director of Bitget) as she bagged an appointment into the Forbes Business Council. It is important to note that the Forbes Business Council is one of the leading and respected organization globally and members are selected for the council based on the depth and diversity of experience in leadership, management, customer engagement, technology and growth. Her appointment is significant because it will further solidify and position crypto in a good light which of course it's expected to have a positive ripple effect on mass adoption. Her extensive experience and expertise will be invaluable assets to councils discussions on key issues like; Decentralized Finance, blockchain innovation and diversity in technology which will put crypto in spotlight and while perhaps highlighting and establishing ethical standard and best practices in the ever evolving industry. With the opportunity available to members of the elite business communities which includes; Connections, visibility and growth, I'm optimistic this development will bring about a more positive landscape in the crypto world. Do you share the same sentiment or not?

No doubt the impact of FTX crash has created a negative impression among crypto enthusiasts especially centralized exchange users. Of course FTX wasn't the first CEX to crash but its occurrence came as a shock looking at the position the crypto exchange occupies in terms of ranking and being the favourite cex for derivative trading before the sad event. This has questioned the integrity of CEXs and a lot of users have embraced DEX while others opt for a more secure and transparent CEX. Talking about security and transparency as a mechanism to make users have complete trust in the remaining CEXs, two things comes to mind and that's "Proof of Reserve" and "User Protection Fund". This are obviously a good indicator and post FTX development but how effective could this be looking at the numerous crypto currency exchanges out there. Among the top 10 ranking CEXs, only Binance and Bitget has a veriable proof of users protection fund of $1B and $300M respectively. " Source from Nansen" Although some exchanges like OKX, Huobi and Bybit also claimed to have user protection funds but it is not publicly verifiable which of course raises eye brow about the integrity and transparency of such claim. We can't actually do without CEX because we need it for our daily trading hence the reasons why more effective measures needs to be taken to secure users funds. Though Binance and Bitget seems to be on the right path but it's also important for this CEX to declare their Proof of Liabilities because FTX also did about two audits before it collapsed. A lot of users are still skeptical keeping their assets on CEX due to fear of the unknown but could this development from Binance and Bitget restore trust and confidence back to users?

The world is evolving and people are leveraging on new technological approach not only to make their work/business easier, faster and smarter but also to earn with ease. Earning with ease requires one to stay updated and informed about latest development. It is true what they say that "you can't be doing the same thing and expect different result". Cryptocurrency is meant to make our lives better but the question is will everyone's life be better if people still employs analog approach in a digital economy? Of course the answer to the question is glaring. While there are old methods of earning in crypto like DCAing, HODL and others which obviously still seems to be working, there efficacy is not 100% because human factor such as sentiments and emotion still plays out which often times doesn't bring out the potential desired results and could sometimes result to loss due to indecisive decision making hence the reason to adopt a more robust, effective and effecient way of earning with ease. The "smart portfolio bot" is the latest among this innovation. It is a groundbreaking Innovation aimed to empower traders and investors with dynamic portfolio management capabilities, allowing users to rebalance assets based on price flunctuations to earn higher profits. This intelligent bot continually and dynamically rebalances position within a user-selected portfolio of cryptocurrency ensuring a constant proportion of each coin is maintained. Smart portfolio bot with dynamic rebalancing enables systematically buying low and selling high across the market cycle. The key is to act swiftly to lock in gain from short-term price spikes before value falls back down and reinvest those freed-up funds into undervalued coins poised to rally thereby steadily increasing the total number of cryptocurrency assets held over time. Am fully convinced this new innovation will bring succor to traders especially in this bear market but will like to know what you think of this new creativity in the world of crypto.

I have seen several people leaving their daily jobs to enter into cryptocurrency because they think it's a place where fast money can be made lol. Some people have done it and Excel but that doesn't mean what works for Mr A will work for Mr B. @cryptorovers is an example of a successful crypto enthusiasts who left his McDonald's job in 2016 to become a full time crypto investor but several people have also tried that and got lost. Getting into new business or opportunity can be dilusional atimes, I could remember when I got into crypto few years back, my popular slang was WAGMI meaning we are all gonna make it together but is that actually true? Of course it isn't. Becoming a crypto Millionare requires a lot. Take for instance, Ben Amstrong popular called Bit boy crypto, aside the fact that he's an early investor in Bitcoin, he has a YouTube channel with over 1.5 Million subscribers and over 1M followers on Twitter where he shares crypto news update, market trends, technical analysis and other new innovations in the world of crypto and blockchain technology across his SNS which has earned him recognition and influence. It is true that when you create influence, money will flow in, no wonder he's now worth around $8M. Embracing cryptocurrency is not a sure way to financial stability. As a matter of fact, it could lead to severe financial loss if one do not do his own research well. To succeed in this space, one must be knowledgeable enough. It's a common parable that people wants to follow who knows the way. Know when opportunities knocks at the door, be patient, remember it took Bitboy almost a decade to hit a million dollar from his BTC holdings. . Are there other ways you think one could explore or apply to succeed or be financially stable in the crypto space? please feel free to share.

With the continuous market uncertainties which has made a lot of crypto traders sit on the fence, it has equally provided an avenue for top elite traders who has more insight about the market to thrive thereby gaining more followers. Copy trading is getting more popular as most traders depend on the expertise of this traders to minimize their loss and maximize their profits. Unfortunately, aside the usual commission they get from their trade being copied, there seems to be not much events where this traders can showcase their trading prowess and earn rewards. Good news is that the KCGI 2023 is providing a level playing ground for traders to showcase their skills and earn big and UK traders seems to be at more advantage with a chance for 100 elite traders to share from GBP 35,000 prize pool. While this is a motivation for traders to keep up the good works, I think the opportunity should be evenly distributed among traders around the globe. What's your take on this?

That's great news, the last coin bereau event held in London was truly inspiration and fun with keynote speeches from leading industry giant and personality like Gracy Chen and a host of others. I definitely look forward to this upcoming event.

Lucky wheels event are quite easy to win especially for top traders because they have comparative advantage compare to low traders. They get more chances to spin the lucky wheels because their trading volumes and net deposit is high giving them triple of the chances to secure the bag. Low traders do also win prizes but if you have your eyes on the ultimate prize then you gotta increase your funds to stand a better chance.

The last 24 hours has seen the price of BTC, ETH and other altcoins dropped by a significant price and traders are already skeptical if there is tendency and possibility of further decline thereby seeking alternative ways to boost and increase their holdings. While the bear market may bite till the end of the year (not certain) before the pre BTC halving expected in April 24 of next year which could see price swing either ways, I have been looking for ways to diversify my portfolio but couldn't lay my hands on any. Are there any events/opportunities traders can leverage on? I will appreciate if you could share.

One don't get lucky in participating in events of this nature. It requires deliberate effort to wanna win because there are millions of users who also have their eyes on the prizes and banking on luck will amount to waste of time.

I have seen lots of comparison and ratings made by people since Bitget upgraded their wallet from Bitkeep to Bitget wallet and decided to download and see for myself. After navigating through the app, I must say I'm really impressed by the quality of job done by the exchange. Aside giving an improved experience of what is obtainable on either Trust Wallet or Metamask, there are exciting features that I think could made it more inviting and attracting to users; they include 1. The incorporation of Bitget Academy: This help both new and old users to learn more about crypto, blockchain, web3, trading and many more 2. Incorporation of Bitget Wallet KOL and Knight: This helps influencial people in the blockchain industry to become Bitget wallet KOL and monetize their influence. The wallet also provide numerous job opportunities for web3 enthusiasts who want to participate in web3 development, work from home and also earn money online. 3. Extra layer of security and privacy: The wallet is well secured with an extra layer of protection designed to easily fish out illegal activities like; fake address scam, Dapp Approval Scam, fake QR code scam, fake customer service scam among others. The help centre is also well equipped with info that are beneficial to users. I may be wrong so, I would like to hear from other users. What are your assessment of the wallet?

It is true that there is always light at the end of the tunnel. After months of battling with Non compliance regulation architecture which has forced them out of some European countries and the recent case with SEC. It's good to see Binance in good spotlight again after securing license to be the first CEX to operate in El Salvador. There are a couple of other exchanges like Bitget who has also gained more ground across the continents especially in Asia recently due to the exchange compliance to local authorities in delivering quality crypto services to her users having obtained the required licence of operation. I am excited for this development because investors/users have more confidence in an exchange who has the requisite permit of operation. If more crypto exchanges are to be licensed, do you think it could help boost the confidence of users towards mass adoption of crypto?

For how long has this event been hosted and what's the integrity. Has anyone won from the previous edition coz I have participated in some CEX events and practically won nothing.

It's barely a year since the unfortunate incident of FTX crash and it's like we are about to witness similar scenario. Personally, I don't pray for such because this will dent the image of other reputable CEXs like Bitget, Binance, Kraken among others who has been following the rule of engagement and ensuring users have absolute peace of mind over their assets. There have been series of allegations against Justin Sun and the exchange in the past few days with top executives of the exchange being questioned by the Chinese police. The news of the misappropriation of funds and possible insolvency has led many investors to either withdraw or transfer their funds from the exchange raising a question if we are about to witness another similar scenario to that of FTX. Could DEX be the solution or there are still exchanges that can be trusted?

I quite disagree with you coz Binance BNB is obviously first when talking about exchange native token. BGB is still coming up. I quite agree the future of the token is bright considering the significant and impressive performance of Bitget at the moment but BNB still take the lead.

It is true that 99 days is for the thief but one day is for the owner. After 7 years, I wish to congratulate all users of Bitfinex that was affected by IIya Lichtenstein hack that resulted to the loss of around 119,754 BTC back in 2016 as the culprit has confessed to court for being behind the heist. While am happy about this development, a thought pop up in my mind that " could their be another hack of this great magnitude" the answer is yes but the question is how can CEXs prevent the reoccurrence of such event? Do they need to rely on authorities and court to fight their course or is there something they could do right to avoid future occurrence?

Cryptocurrency education and awareness from reputable industry players will play a vital role in enhancing massive adoption. Unfortunately, this area hasn't been properly harnessed over time but with the upcoming crypto experience day aimed at bringing hands-on practical experience to youth especially newbies. Am optimistic things might begin to take a new shape. It will also be better if all exchanges could make it a point of duty to organize such events and make it an annual one.

Since the collapse of FTX, it's no doubt that a lot of investors are skeptical to invest their funds on centralised exchanges. I don't actually blame them because investors are mostly concerned about the security of their funds. After the FTX incidence, here are what I think could be done to avert future occurrence of similar scenario Regulation of CEX: The regulation of centralized exchanges would surely bring checks and balances to the crypto space as the exchanges won't be able to take any irresponsible act of using customers funds carelessly and unjustly. Regulation of the exchanges doesn't mean users must do KYC coz am aware alot of users may not want to be KYCed but the exchanges should be accountable to a regulatory body but obviously not SEC. Declaration of POR/CPF: Exchanges must be mandated to publicly declare their proof of reserve (POR) and customer protection fund (CPF) just like Binance and Bitget did. This will give users assurance and safety of their funds. These two things are like a transparency test that put the users in the know and give them sense of belonging. So if this can be achieved, am very optimistic it will be difficult to experience future collapse of any exchange.

In May of this year, my friend lost his job when the crypto exchange he was for shut down operational. All effort to get another one has proved abortive despite his wealth of experience in the space. As a matter of fact, most exchanges are currently downsizing their workforce due to the effect of the bear market and strict regulations from law enforcement authorities. This got me thinking if it's actually worth working for CEXs whose activities can easily be swayed by unfavorable market condition and policy.

You have a valid point. This is where DYOR comes to play just like any other crypto assets one may be interested in. It's very important to note that centralized exchanges are where 70% of new users begins their journey from and knowing the exchange that appeal to users is a clear way to know the extent a token will go. That's not also a sure bet because FTX has a very large userbase before the crash but we have to move on.. There are quite a number of CEX doing well just like I mentioned but it's left for you to DYOR.

Today in the world of crypto, BNB has become a household name. As of May 31 2023, the token is the 4th largest cryptocurrency just behind BTC, ETH and USDT. Though it was recently flipped by XRP which now occupy the 4th position in terms of market capitalization after their partial victory against SEC. Since 2017 till date, BNB has witnessed incredible milestone and it's obviously one of the tokens investors are constantly looking out to invest in but of course, it didn't just started this big. Perhaps many people don't know the token was launched for as low as 0.1 USDT back in July 2017. FTT the native token of FTX was another exchange token many was looking at until the sudden collapse of the exchange in November 2022. Exchange tokens popularity are currently on the rise because of some certain advantages they poses in using a particular exchange which include but not limited to the following; early access to IEOs, staking rewards, discount on transaction fees, free withdrawal e.t.c Some exchanges like Bitget, MEXC and OKX with native token BGB, MX and OKB respectively are looking really promising but which one can actually replicate the form of BNB is the question.

Copy trading is now an integral part of crypto because that's the easiest way new and novice users can benefit from the industry without needing to know the nitty gritty of trading. It's great to see that exchanges are working assiduously to improve the features and enhance better experience for users and exchange like Bitget has really stood out. With over 110,000 elite traders to select from, users have a wide range of options to select the kind of traders that align with their investment strategy and risk management which is a very important aspect to consider when using this features.

I think beginners should also be mindful of the choice of exchanges they sign up with coz safety of their asset should be their top most priority. I advise they choose exchanges with proof of reserve and customer protection fund coz that's the new metrics to determine the transparency and security of users asset.