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Ridam

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  1. I believe many of you are already aware about this but I have seen many people asking about the ETH max supply. If we look at the CMC data then still there is no information about the ethereum maximum supply. If you are one of the person who hasn't known about this yet then this post will clear all of your doubt. What is Total Supply? Total supply of a asset is defined as the current number of total units available in the market. For instance, the total units of ETH right now is referred as Total supply of ETH. What is Max Supply? Max supply of a crypto is defined as the total units of asset that can be mined in total. i.e. BTC Max supply is 21 Millions and no more than it could be mined. So What is the maximum supply of ETH and why it isnot shown exactly? The answer to the first question is pretty simple. The Maximum supply of Ethereum is indefinite. To be more specific, Eth maximum supply isnot capped unlike the BTC or most of the crypto asset we see these days. It makes the Eth a inflationary asset in the competition of deflationary asset growing more and more. It isnot shown in the CMC because of the same reason. However, here is the point. Annually, it was proposed max eth to be mine is 18M. Here is another BUT, This number decreases every year as the genesis block get older and older. And if we look a the precise number then we can conclude that the number of annual growth of ETH Is growing at by number below of following: Year Range Annual Supply growth 2020-2021 =4.95M 2019-2020 =5.04M 2018-2019 =7.31M 2017-2018 =9.16M DATA SOURCE_-- YCHARTS You can clearly see the growth per year is decreasing every year and it would have too much impact on the price of the coin so keeping an eye into this would be benficial for the holders of Ethereum. Is the inflation coming will remain this? This inflation will be decreased significantly every year, which will make ETH more scare as the time goes on. And now on ETH, EIP-1559 is going to be implemented which will decrease this this inflation even more. As the base fee for transaction will be burned and the more ETH network get congested the more ETH will be burned. As a result the total supply will be increased by far less number comparatively. (If you are unknown about the EIP-1559 Look into this great topics about it , LINK TO EIP-1559 BY Whited35
  2. Yes it is difficult to know wether the btc is at top or bottom if we just see the charts and fundamentals. But there are plenty of tools you can used as refernce to know we need to sell or buy the btc. From technical prespective, just change your charts to logarthmic formart and you will see the relative growth and dump. Also you can clearly analyse the market cycle roughly and make a mind makeup about where to buy or sell. And talking from fundamental view, Buy when everyone are selling and sell when everyone are buying. It would work in most of the cases.
  3. At first keep in mind that technical analysis is never mean to predict the future and it will never do so. Technical analysis presents the past data and only it tell is the past action of the price. It is not something that will make you clairvoyant. And talking about the triangles and patterns as you have mentioned, they are based on the traders psychology and overall they always have some chance of getting them right or they may be invalidated. Most of them presents the two possibility, breakout to the up or down. And if we combine them with other indicators like volume or ma, we can know in which direction we are headed and more likely scenario. So, use TA as reference to the past data, trend not for knowing the tomorrow market with 100% certainity. If your TA is week then you may face your analysis always go wrong, try to improve them and know the basic behind the chart, trend, patterns so that you know how exactly they works and what are they telling to us now.
  4. I visited the site and though they tell the project is still in development, it is audited and currently I see 14% APY and that is pretty decent. Unlike the Defi projects where there is chance of impermanent loss, it is safest way to earn passive income in the project where there is single asset and because of which no fear of impermanent loss do exist. But that doesnot mean there are no risks with this project. Although the team will be devoted for the maximum security of the project there are risks involving like Smart Contract; Third party ,risks as the project is working on based of other projects i.e. Aave, stablecoin risks. If anyone is willing to get passive income through this project be sure to know about the risk earlier. You can know more about such risk at their company website at Here.
  5. Thanks for the update though I have been strictly following the Elon Musk these days as his tweets has been too much influential for the market. And talking about this particular tweet, as he mentioned Tesla is accepting Bitcoin, he cites it would happen by this year and not now. If we look at the website of tesla, we can clearly see the Bitcoin Payment isnot available right now. The only means of payment now is via card. But that won't be limited to the card only in the foreseeable future, Bitcoin would be available, and that would be one of the best crypto adoption until now. By the way, this particular tweet had made bitcoin bounce little bit during the correction happening now, which is good for the price of the Bitcoin. Picture source- Tesla website
  6. Well Doge and BAT has no similarity in my view. if we compare them side by side the doge hype is something different from the utility of the BAT token. The token is pumping hard not because it is getting a lot of attention from the big persona or celebrity like Doge. The Grayscale is providing the premium fund for the BAT and people can invest in that. I am sure the BAT has shown some potential to the Grayscale company so they included in it. And talking about the new force in the crypto market, yes brave is becoming so as the user of brave browsers are increasing everyday and same with the wallet numbers of the BAT. As now they have came up with the NFT and all new store, sure the development ,BAT is getting conclude it as a coin with great potential and the price spike is inevitable.
  7. I also think that the price of Eth will get effected on the day of april 1 because of the miners action. Although, the attack would be 51% collusion attack, I am sure many news website will refer it as 51% attack and the fud will not take longer to spread. I want to inform the Cryptotalk community that there is no need to worry about it. The effects will not be that much great even if this happens. And the Vitalik has announced about the Scaling of the Network within coming weeks. So we can expect the problem ETH is facing will be solved sooner increasing the overall activity of the network.
  8. Upto now I haven't known about the cerified wallet and what it means. If you are trying to store btc for long term or mid term, I would suggest to use the non-custodial wallet or just buy one hardware wallet for the best security. If you mean the KYC verifier wallet in custodial wallet like the one Blockchchain.com offer. Then be sure that it is custodial wallet so you should held your keys on your own for the best security of your fund either it is btc or any other crypto currency.
  9. Although, these days I have my funds mostly in Safepal wallet. I had used swap feature in the Trust wallet and the exchange there is awesome. Instant swap enable the ease in doing trade and make the whole process more easy. And talking about the exchange feature. I can trade in decentralised way without need to go for any third pary Dex which seems pretty good and the best feature that could be integrated in the Decentralised wallet.
  10. Well, I only knew about this yesterday. And as this project is from Decrypt we can expect good returns for using this. I had started collecting it from yesterday and as we can earn 20Tokens per day. I would collecting them for the next coming days. As I read the news everyday, and now I am getting paid for doing so. There is no doubt I wouldn't be using it. I suggest everyone to look for this and use this and collect as much as I could. And talking about rewards it seems they are planning to give collectibles which would be even greater in my view.
  11. It wold be another alternative for my view above. If members have feeling of fear like if they did bad their staked token will be burned or their earning get erased. There is no doubt they would be more focused and automatically shit post will stop coming to the forum. Yes, They would show some opposition to this, as most bounties like to pay in their token. But for bounties to run here if there is certain fee for the yobit team and if they need to buy the token from the market and pay to the yobit team it would be awesome for the price of Talk token. Also, yobit team can take profit from.50% of the payment bounties pay and burn 50% , it would reduce the supply. And the inflation talk is getiing everyday would be controlled at some extent , stopping it from going even worse. I see immediate action should be taken considering the Talk token price and new feature in forum would likely play the role on it. Btw, I have made this post a long back and it is my view , developer may find some difficulties implementing few of them from technical prespective.
  12. I am also using the brave browser as my primary browser in almost all of my devices. Also I alwayd refer this browser to my friend circle and relatives. And talking about the Brave token the surge this time seems as the result of Grayscale Trust which is enabling people to buy the token. And the main thing in Brave is inflation is 0 now i.e. all BATs are already mined. Which means for new investors if they buys BAT they are buying only from the market and the supply is capped already. Personally ,I have BAT in my brave browser and I am in good profit from them, maybe sooner I will withdraw and keep my profit.
  13. When it comes to the copyright, yes NFT has this problem. Because anyone willing to create NFT can create them just by paying gas fee in many platforms and there is no way to prove the ownership as it really belong to them or they just pick up random photo from other hard work. For the solution of this, Blockchain need to get datas from real world. And oracle comes into play for this if further development happen there to solve this issue. Like, if there is development of oracle which verifies the ownership of digital art and only after the verification ,NFT would be created. This may be diffucult to implement or to make working but if some tweaks allow such usecase then it would solve the major issue of NFT enabling more security to someone's work.
  14. At some extent yes the hype seems similar to the ICO trend of the 2017 but if we look at the deeper which I see it is not identical to the 2017 scenario. I believe the real talent is getting the scope because of the NFT technology. As you are aware of the beeple who is a digital artist and his art has been sold for insane 69Millions. If you look at his effort it is really worth in my personal view. he has been drawing these arts for 5000 days straight for 13 years and the arts are really mind blowing and showing the real talent and message behind it. In case you like to look at them. Just visit his twitter profile. From the beginning, I have been huge fan of NFTfrom the beginning and I had also made a detailed guide about them when noone was talking about them. And I see a bright future within the NFT world combined with the Blockchain technology. For those considering it as bubble, no it won't be like that: my straight answer. NFT is getting huge craze and real talent is getting exposed combined with so in my view, NFT is the only way for shifting the outdated paper art to the art of digital era.
  15. Hi Administration Link to the Offender Profile: Reason for Reporting: This user has +5 rating in almost 99% of his post and all of his post had got reputation. Although his posts are less than 180 characters, almost all of them have reputation and it seems he is using multiple accounts for doing so. Evidence: Link to the Post:
  16. Well in the recent time we can see the Defi token had gave the big profit tot the investors. If we see the UNI it is now trading at 30$ which was at 4-5$ few months back. And I am also satisified with the performance of the Ave and compound. But the thing that I am looking right now is Aave total market cap to the TVL ratio, It is 0.88 which is comparitively very higher. And it somehow shows that the growth the is becoming lessen or the amount locked is not increasing there so we can expect not more from this in coming days. Right now, Other than the coin you mentioned, I am looking for the project like Venus, CELO and also panecakeswap token. As the BSC is gaiting alot of attention these days and eth gas fee is encourage it even more.
  17. Wow such a great post with every information we need to know before starting the leverage trading in the Binance. And yes the leverage trading is so much risky that we need to transfer the fund from the spot wallet to future wallet for getting started with the leverage trading. Although, I had long Doge when Elon was shilling with it and had fill my bags, I donot like to risk my money in future. If the pump is inevitable then only I take long or short position and I donot trade that much on future as I do on spot. The main reason is crypto is already too much volatile and there is no sense in risking for more greed in my opinion. But for matured traders, it is really profitable but the risk management should be always there.
  18. That is great brother. When I was replying I didnot see that coming because of which I have the reply to it. It was just meant to make your doubt clear about the Public companies buying bitcoin and announcing them. You shouldnot call this a mistake, you were just unaware about something before and yes everyone doesnot need to everything. And because of this we have a forum, Sometime I will correct you and sometime you will correct me if I have some doubt or not aware about something.
  19. Elon Musk is pumping the doge price. Yes he is doing that and as a result of that the community will accept it. Why would they won't? Their portfolio is pumping by 20%-30% after his single tweets. I am sure it would be changed after he did it many times: Justin sun could be the example, as he also used to create alot of hype for the tron Blockchain but later it gradually decreases. Elon isnot spreading the FUD at all, it seems he is praising the technology and it is because of the current economy situation where inflation is hitting hard and interest seems going down every weeks after week. The only option are assest that are finite, as he is fond of technology and he understand what money and Blockchain is. Because of the technology behind the cryptocurrencies, he is praising them not because he wants to make money and dump on the investors. It is my view, I maynot be right about this all but I think Elon is the tech nerd who loves praising Technological advancement.
  20. That couldn't be true bro. You should knos the rules behind publishing such news by a company that is listed on S&P500. And will report a fake announcement that they bought btc? Seriously? This made be laugh. They are using the company fund and they have reported the thing to the SEC and auditers do adit the company final report and annual report. So doubting the announcement they bought the money is insane and I believe it's a stupidity. TESLA is 757B Company and 1.5B Just count 0.3% of the Company total market cap allocation which they have spent on buying Bitcoin. If we do a little math here, The average buy amount comes at around 31K. So yes they have bought bitcoin and are holding it. No doubt on that. If they haven't invested into the Bitcoin, Why they would mess up with their reputation and SEC Just for the 0.3% of their company MC. I know Elon is playing in his twitter, Spreading FUD or praising the technology. Whatever you call it. But it doesnot mean that they would publish fake report saying. "We bought 1.5B worth Bitcoin". Just dig up more ,you will get all information about their buying, if you are ambigious about the tesla buying btc untill now.
  21. I am following the Orion Protocol, and it seems the project is decent but if we see the hacks and attack in these ongoing days. Recently, The panecakeswap got attacked. So it is quite risky right now a days though the attack was only a DNS attack. De-FI projects could be the best if we see the profit behind them. Personally Bakeryswap, Autofarm had made me really good profit but the risks associated behind them is also pretty big and impermanent loss is always there which should be looked before investing in any liquidity pool. So a proper research should be look into before jumping to invest. I suggest people to strictly avoid the platform that isnot audited by reputed orgainization.
  22. Thanks for the update about attack. I also just got awared about it and I was shocked at first but after knowing it is only a DNS attack my thought calm down. I am also providing the liquidity in the Panecake swap so, at the beginning I thought I lost but later realising the attack nature makes me calm down. I have checked earlier: It was audited by CERTIK, so are there any bugs becauase of which it happened or other reasons behind it? It seems the attack is like the phising attack but in the same address of the panecakeswap. So, giving the seed phrase in any site is totally risky. And as other DEX like Bakeryswap are also vulnerable to this attack in my view? What do you think about them? I have fund in Bakeryswap too, so I am feeling ambivalent about my decision.
  23. Considering the current price of the ETH gas fee, It would be great for the talk token to be on Tron Blockchain. And talking about listing on the Justswap; I see it as great option because of which more Talk will be locked[In Justswap and also in Investbox]. Just like the ROBO Token liquidity option being available in Uniswap and Justswap, it would be magnificient if the Talk has do similar option being available either in Eth or Tron Blockchain. There are some glitches in the Justswap but it would be considerable regarding the lower fees it provide. On top of that, the Usecases for talk token seems must at the moment for the long term consistency of the token: Topic Boost using Talk token and burn certain % from that, Cryptotalk merchandise which could be bought using talk token, Payment of Bounties in talk token and bounty owner need to buy talk from market. This would be few usecases in my thought. And to be honest, I have made a separate TOPIC, long time back, about the utility explaining in detail which should be looked at once.
  24. You got it bro. I am seeing these days members are getting few reputation only these days and its really good as just like you mentioned all likes seems organic which is really good for forum members and also for the overall performance. And because of which its really worth taking such action by the adminstration. But as always still there are few hiding behind the walls and we should report them if anyone is suspected after doing a deep research about their actions.
  25. What doesn't it mean? Could you elaborate more about the commissions? And talking about the difference between Eth and BSC. There are different in nodes number and defenietly compromise over the decentralisation in the BSC Chain. Also I am using Bep20 Chain for most of my exchange and also providing liquidity in many pools and I see more profit as the Roi is simply higher and gas fee are pretty lower because of which I can play with my money which seems impossible in the Ethereum Blockchain right now. But as the Eip-1559 is already confirmed, Eth will be more usable to people like us who can't afford high gas fee after the successfull implementation over it.
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