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Everything posted by Swapzone
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How do you determine if a cryptocurrency is legit?
Swapzone replied to Naylor89's topic in Crypto World
We can't actually detect that. It usually depends of your belief. The only thing you need to do is - google it, do researches, read whitepaper and get more info about it. -
If you have time machine then what can yo do?
Swapzone replied to Crypto Rifat's topic in Crypto World
That is what everyone wants to do. Go back to 2009 and buy more and more and more bitcoins. -
I don't think there's high demand of Ethereum than Bitcoin. However, there are many people that like to use ETH because of it's low gas fees than Bitcoin.
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Patience is the most vital factor in cryptocurrency either you are in long term or short term.
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Crypto Currency the Big Bang of Financial Technology
Swapzone replied to Oluwaseun's topic in Crypto World
Yeah, in some sense, cryptocurrency can be as the big bang of financial technology. It is decentralized and many people are getting pretty much interested in this sector. However, it also has some disadvantages. -
Bitcoin is a decentralized financial system that isn't controlled and regulated by governments. It is independent system. And, everything has good and bad aspect.
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Obviously, you're right! We should disable all type of extensions before logging in to a website where you have funds. For the utmost security of your crypto assets, you should use a hardware wallet instead.
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Not at all. Investment in crypto assets is very risky not only because of the market volatility but also because of many other factors like theft, etc. You must invest wisely. Always invest only the amount you can afford to lose.
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IMO, no! Predictions are only predictions. No one knows the future. Anything can happen anytime.
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This is because crypto is not regulated or controlled by governments. They don't think there is any guarantee in this service. They think this sectors is full of risks and losses.
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Well, yeah! That type of services exists. My friend had once received a gift in the form of a ballet crypto card where there was some amount of bitcoin. That was a pretty exciting moment.
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Which one is the best wallet in crypto world
Swapzone replied to roktim khan's topic in Crypto World
A hardware wallet like Ledger is termed as the most secure wallet. However, many people can't afford to buy it. So, for them my suggestion is a non-custodial wallet like GuardaWallet. -
Will Exchange fail if my computer dies or the network is lost ?
Swapzone replied to Afrizal rahman's topic in Crypto World
AFAIK, it won't! If you place an exchange order or do an exchange on our platform, nothing will happen. You funds will totally be safe. -
There are many such promising coins. What you need to do is choose a coin randomly among the promising ones, DYOR again DYOR and then invest the amount that you can afford to lose.
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If you talk about the world, then about 2% of total population know about bitcoin and cryptocurrency.
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Some advice for people who want to create their own currency
Swapzone replied to Nezar's topic in Crypto World
At the very first, a good idea (an objective) is needed that can attract the investors and other people. If you have the Idea, then you'll need a good amount of money so that you can create the token, hire developers, do SMM and other marketing campaigns and so on. -
What are the dangers in investing heavily in cryptocurrency?
Swapzone replied to kingsbtc's topic in Crypto World
It is very dangerous and risky to heavily invest in cryptocurrencies not only because of a chance to go to zero but also because of several other factors. The first thing can be losing your private keys or mnemonic words. Other thing can be - getting your funds be stolen by scammers (so called hackers), etc. -
As far as I remember, I used blockchain(dot)info as my first wallet. However, I also used some other wallets like Coinbase and myetherwallet at that time.
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Well, that is the reason why many people are here commenting on your posts.
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Well, that's a right question and is must. We at Swapzone are fully open to our users. Other thing - we never ask you guys to do any KYC process. Just opposite. Do you like it?
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3 Reasons This Becomes the Cause of Bitcoin Prices Dropping Drastically
Swapzone replied to hmind's topic in Crypto World
Your points maybe correct for some reasons but Bitcoin's price is not continuously going down. It has been proved to be one of the most profitable investments of decade! -
With Crypto, you're your own bank then why do you need to trust other centralized bodies to store your crypto?