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Ridam

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Everything posted by Ridam

  1. I donot think any of them has the potential to overtake the ETH and these so called ETh killers are lacking many things when it comes to the decentralization except Cardano. And do you really sure that Chainlink is also a ETH killer? As far I am concern it is an oracle service and is providing the bridge between the Dapps or Blockchain and the real world data that we see. BSC is lacking many things to be able to overcome the gas fee situation of the ETH and akthough the coin is performing very well its not because of its ETH killer feature, yes it has played some role but there are many factors in which bnb is being which is responsible for the price to surge including the burning.
  2. Yes the money is flowing from the Bitcoin to other coins and especially in this time according to the history we see money at first going to the established coins. Btc isnot performing that much great like in the beginning of the cycle which is the reasons people are moving their profits from btc to alts for higher gains. Just like you have mentioned I am also noticing that this time the older coins that were in tops are moving. For instance, BCH had done great after long time, also the ETC which was roaming around 15 was the top gainer in 24 hour in the Binance. Talking about doge , I have ambigious thoughts and I donot think the gains that are happening are sustainable like other alts. If big whales starts profit booking then, its going to crash much faster which is caution in this coin in my view.
  3. XRP has won the two cases against the SEC, so we can conclude that there is no worries for now. But the network isnot decentralized and as usual there are risks of developers dumping the token in the users. I amnot keeping an eye on XRP because of this but for those who wants to make money following this news would be a better indicator for the trading. And I am sure other remaining cases would also be won by XRP and the supposed ban in US won't happen.
  4. XRP issue has been resolved and the SEC case has been won by the Ripple. As a result the price has got significant pump. In the last time when everything was pumping along with the pump of btc at that time the XRP was lagging in the market because of the issue. And the price how much it could have pump at that time is pumping now and this is the reason the potential of the XRP is brusting now. Personally I donot have any position in XRP because I donot want to risk my money if another news come and price dump the next morning. In the 7day the price has pumped more than 100% so I expect few consolidation in the xrp price or some sideaways before moving up to another ATH like most alts doing now.
  5. Well, for the custodial wallets yes you can use them for free in doing the international transactions. For the non-custodial wallets there is no wallet which provides the free transactions, this is because you need to write the transaction in the Blockchain and yes it costs fee. If you just want custodial service then you can do it using the Coinbase or Binance exchanges( These are exchanges and the service is custodial so be sure about your funds). Binance also allows the transfer from Binance to Binance free,ie. they will refund the fee if receiving wallet is Binance wallet. If you want btc transactions then lighting network wallets would be the best choice like Wallet Of Satoshi which I use personally and fee is like 1-2 satoshi maximum. But it is also custodial network, for decentralized Lighting network you can look for lighting wallet application in store.
  6. I see, that is the point for huobi token it seems whale are booking their profit and that is the reason although the price is pumping but it is not lasting at the range. The conoslidation is happening below the the ATH which is the result of whales dumping on us. As you said but for those who just wants to make money I think they could take this risk as the risk to reward ratio seems good and huobi is backing the token, I am sure they would be lookin into it.
  7. I amnot good in maths but yes alts are performing really well in the alt/usd chart. Although the alt/btc chart has mot shown significant move, I am noticing that ETh/btc is coming back to the track which is really best sign for overall alts as the ETH is the triggerring factor for most of the alts. I am ambivalent how high could we go this time in the BTC/usd chart but lets see how high the market determines. I am more into the alts so I am bit more focused into the after- moves of btc as most alt action happens at that time.
  8. Well if possible then the KYC should be must option in the forum now. Currently there seems no way for reporting them again and again. I see active participation of the member of the forum in the reporting but, they just make the new id and start doing the same thing again and again. Also, I think it would be great if the new member need to lock few talk tokens before joining the forum, like a fee to join the forum, and if they perform any illicit activity leading them to ban. Their locked talk token should be burned, I think this way the price will get positive response and those spammers will fear as their money is invested. For legit people, initial investment would be no worries, as they will earn the rewards. And it should be programmed that after reaching the Senior Member rank, the initial deposit would be returned. I have mentioned this thing in few other post too. But I think the only thing that would stop spammers is this- in my view.
  9. Ridam

    IDO- Overview

    IDO are now the booming technology in the crypto world. People are making huge money taking part in the IDO. We will talk about the IDO in detail in the subsequent part. Stay tight. IDO? IDO: Initial Dex Offering, which means that a new project would be launch in the Decentralized platform allowing people to take part in the allocations and you can get allocated if you meet the minimum requirements they are offering now. This is simply done to raise the funding for the project initially. Until now we were seeing the DEx only allowing the IDOs but now there are platforms that are being working as the platforms that launches the IDOs only. Few IDO Launching Platforms(LaunchPad): BSC Pad- It is the first decentralized IDO platform in the Binance Smart Chain. So users donot need to worry about the fees like in the ETH. KICK Pad- is the newly established launchpad platform also based on the BSC. Prostarter- is the launchpad that is quite reputed and been with us for bit longer. How to take part in IDO? For taking part in the IDO , there are different criteria for different launchpads. But in general should hold the token of launchpad to get allocated. Lets look at this for the Launchpad named Binance Smart Chain Launch Pad(BSCPAD). For BSC pad there are different tiers and you need to hold the token BSC_PAD Token to get part in one of the tier and you would get allocated accordingly. RANK Token needed Allocation Pool share Diamond Tier- 25000 BSC PAD 400 Platinum - 10000 BSC PAD 145 Gold -5000 BSCPAD 65 Silver -2500 BSCPAD 30 Bronze - 1000BSCPAD 10 If you have enough money to get part in any of the tier then it is more likely that you would make huge money. How much profit would I get? The profit seems really big. If we just look at the last project that had IDO in the BSC- Pad, 1BUSD= 7 Renomon, today, 1RENOMON= 2.41BUSd. I am giving a rough price of the few recent project that had IDO. Name IDO Price Peak Price after IDO: ( This price is only peak price, today's price may be different) Oction 0.11$ 0.61$ 8 PAY 0.07$ 2.41$ AIOZ 0.015$ 2.4$ I hope you get overview of how much is the profit you can if you participate on the project and allocation is guaranteed so you donot need to worry about the allocation. So what do you think about the IDOs? Are you participating in them or not? Be share to share your thoughts about them in replies. DISCLAIMER- Investment in IDO is referring to invest in new project so study about the project before investing in their IDO.
  10. Well that would be the another milestone for the crypto world but the eth vs bnb situation is bit different from what we are talking now - IPO. I amnot sure they will go public ornot but right now seeing from the business prespective , there is no need for the Binance to go public according to my view. Let's see CZ would stick with his words or not. Also, if we look at the Eth vs bnb situation, we can know that the surge of the BNB is not going because of the Eth gas fee and Defi. There are alot of things ongoing in the Bianance exchnage which are playing the big role in pumping the price. Talking about the Decentralisation, remember that BNB is compromising the decentralized network at some extent to achieve the progress we are seeing now.
  11. I believe all of you are aware about the tokenized stocks. If not then in short: Tokenized stocks: are those asset that are backed by real stock in stock exchange,ie: NYSE, but are presented in the form of token on certain Blockchain. This sort of allowence of trade of Stocks on a crypto tradinf platform has becoming pretty popular, Ftx could be the best example, and also filling the gaps between traditional stock market and Blockchain world. Previously, FTX (a crypto exchange) brought the concept of Tonkenized stocks in their exchange. This time Binance - leading crypto exchange has announed that they will be starting the tokenized stock trading in their platform announcing TESLA to be the first stock which is going to be listed in the exchange. Unlike FTX, the market will be open and close according to the time of NYSE. And all the stock will be backed by the original stock at the exchange making it possible for the holders to get all the facilities that a traditional stock holder would get. This became possible because of the Binance collab with two firm namely CM Equity AG and Digital Assest AG. Some notes- KYC would be required Trading wouldnot be available to restricted areas like mainland China Trading would be available only when market is open, ac to NYSE, Binance Announcement -
  12. CZ has responded to it in an interview, he replied that they donot have any plan for going public also positing that there are many companies with huge growth that had never gone Public. May if he change the plan I donot know otherwise, we won't be seeing Binance the same that is going with Coinbase.
  13. You mean if the activities decline in a huobi exchange , the price will subsequently? I would like to know more about it? I see the pump but I think its all organic and I amnot noticing any illicit behaviours from team lastly. And talking about target, if anyone has followed me then congratulation our first target is already hit with 25% profit. Book your profit and wait for second target. I repeat book profit.
  14. Well thanks for creating this post and making me aware. I am glad finally cryptotalk is at some position and its really good to be a part of it. I had also left a comment as a review shortly. And it seems the content we provided need to be verified by mods., which is really good aspect itself in my view as it maintain the fair policy among all contestants and avoid any cheating and illicit behaviour. Every single member of cryptotalk should take part in voting and noone will defeat us from winning.
  15. Yes and Does your portfolio have HT? Currently I am holding few of them and personally I think they have a great time ahead because of the overall bull market ongoing and the drastic increase in the volume of the Huobi Exchange. Just few months back I had sold them at peak and if the history repeats I would be doing the same in coming days. Lets see how high the price could go if we break the ATH. I am really impressed by the performance of the BNB and hoping to see similar performance with HT, even if it pumps comparitively lower HT would go so high.
  16. Disclaimer- This post isnot for luring anyone to invest. I am presenting my own personal views. Own research is must before taking any move would be a better choice. As you are seeing the huge performance of the Binance native token which is BNB. In the recent time, it has done 10X from 40$ to 400$. In the crypto world one of the best purpose of the coin is to be used in exchange trading fee or for a exchange token. I am talking about the HUOBI Token now for few reasons. Number of tokens are only 28m more than BNB. BNB circulating supply is 154M VS HT tokens are 182M. Huobi is overtaking Coinbase Pro in the 24 hour liquidity. Price has corrected from its ATH. Huobi Token is nowhere near in rank i.e on 41. There is room for it to grow. Now lets look at the volume of the Huobi Exchange: Image source- https://coinmarketcap.com/rankings/exchanges/ If we compare the trading volume of the Huobi Global with the Binance. Binance is only 3X above the Huobi. But Huobi has really left the Coinbase Pro by nearly 4.1X today. In every trade in the Huobi as the exchange offers discount if the fee is paid by using the Huobi Token[HT Token]. So increase in the trading volume increases the usecase of the exchange token directly. Also the exchange is at #2 it is more likely that the native token will perform great like we saw from the Binance native token BNB. So from fundamentals HT looks pretty strong. Lets's dive into TA: LINK TO Tradingview-https://www.tradingview.com/chart/BgijmdkJ/ Just looking at key levels. We can see the price is in dip from it's ATH around 26$. And looking at the support level, we can see the price is looking for some sort of consolidation at the 16-17$ support and as we are seeing the good use of token and strong performance in the fundamentals, it is more likely that the breakout will be towards the upward direction. Also the MA cross has made the golden cross we can take this as another good indication of entry. Plausible Targets- In my view it would be better to accumulate around the 15-17$ zone and always accumulate in part and same for exiting.[ In next post I would be covering how to avoid loss using buying in part and selling in part method deeply]. First target could be the 20$ zone. Next target could be the ATH made earlier which is 25$.[ I mention 25 not 26 because we have to exit early] So what do you think about possibility of HT breaking its ATH or peaking it again? Please feel free to share your views about the Token. Note- I could be wrong, market may go bearish. Investment decisions should be your own as the money is yours.
  17. Well personally speaking, it is our own preference and some find CEX to be easy to trade whereas few choose DEX as they provide non-cutsodial service. For me, I would prefer both and it varies accordingly and depend on different factors like price, coin listing, fee etc. For some coins which are new to the market it is more likely that I would buy them in the DEX as it is more likely that they arenot listed on bigger exchanges and in small CEX the liquidity is pretty low so at that time I would prefer DEX. But for good coins already established coins, I choose DEX over the DEX as the liquidity is much higher and there is good chance to do swing too.
  18. To be honest, yes the binance has more liquidity than the coinbase. But I see for those people who are new to the crypto market get introduced to the Coinbase at first prior to the Binance and it is because coinbase has much more intuitive design and more trust as it is oldest and established exchange specially for the newcomers. Yes coinbase is going public and for those who are taking it as the coin getting listed. NO it isnot 'COIN' is not like the coin or any token that we see in crypto market right now. There will be a ticker or short form of coinbase named as 'COIN' and it is anticipated to be listed on april 14 which seems a great news for whole crypto industry.
  19. Well there is a lot of room for alts to grow. If you look at the leader of the alts, Eth hasnot made the intense move from it alltime high. And in ETH/BTC pair, Eth hasnot made its move like it did in 2017 bull run. If we see this then we can expect good return even if we enter at this level in the market, but when everyone is booking their profit it is more risky to enter. Also if we look at the Bitcoin dominance it hasnot fallen and we can expect alot of liquidity to come in the altcoins market once the btc goes side way for a while or market get disinterested once the profit become small.
  20. I think we are in the middle of altcoin season and it has started few time back in my analysis. Just take few examples like Eth, Ltc, Ada. Eth has pumped from 200$ to 2000$, Ada from 14_15 cents to 1.22$, Same is with the Ltc and Dot has finally made its 10X from 4$ to 45$. So almost all top project coins are doing insanely good and providing a huge benefit in terms of profit. If anyone us taking entry now considering altcoins season has started now would be uncertain decision. So taking entry should be as buyinh dips and joining the bull market.
  21. Well, Eth burning hasnot started yet through Eip-1559. It would take time for this implementation so we should some time untill it start happening. And I don't see Eth price stable? Are you sure about this? Eth has pumped 300% , from 300$ to 2000$. So should change your view regarding Eth as it is not stable coin. No it is not shame. It is not a mistake. You should look into post how the Eth total supply is going down every year as I mentioned in the post and base fee burning is also coming to the network which will add more scarcity of Eth. There is huge amount of Eth locked in Defi projects, In eth 2.0 staking, so the infaltion isnot a matter of worry right now.
  22. Exactly bro, my inbox get spammed many times and I do receive more than 10-20 messages per day. The best think to do is just ignore them and move on. Just like you have mentioned, they will show different investment plans and if we fall showing greed then we will loose all of our fund in our wallet. To be more specific, they will pretend they are from investment firm or running a mining rig and will lure us to connect our wallet or make a investment. And after we do one of them, boom they will block us and will fade away.
  23. I do have invested in BAT before creating this topics. I have been silently waiting as inflation coming was 0 for BAT, and the team was developing new products and new partnership. And if I look my current position I had made more than 5X return and I also booked my profit so that my total risk gets reduced too. And as the big alt season havenot started yet, I see there is alot of room for BAT to grow. Hodling the held tokens would be great idea. I also do have BAT in brave wallet, but I need 25BAT to withdraw as the reward is pretty low in my country it would take more months for me to get them in my uphold wallet.
  24. If we see the trend of the growth of the ETH it has been drastically reduced and as just you mentioned after the POS implementation in the ETH Blockchain, it would decrease by even more. I see right now implementation of EIP-1559, POS which is suppose to decrease new ETH coming to the market, and usual inflation decrease, ETH developers are really focused to decrease the ETH inflation rate by big number. As a result the interest shown by the big companies to ETH investment seems good and also beneficial for overall ETH community.
  25. Congratulations for all of those invested at the the buy range I have mentioned. Its been a hold of around 5months or even less and the coin exploded just like I had predicted. As the fundamentals and techicals were too much strong, Bat is able to cross 1$. And now it is trading at around 1.12$ or more in few exchanges. I am happy for everyone who thinks better about this when I had posted this and for those who were doubtful I would like say that, if we buy good project with strong team and better fundamentals. It is really safe to invest at bottom or dip. For those who are trying to take entry at this level, Please be cautious and do your own research furthermore.
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