Connect with us

Crypto Research

How to navigate the crypto space

Published

on

Understanding and navigating crypto is very different in the early stage since the explosion of the crypto hype in 2021. So how are you going to learn and explore crypto after 2021? Here is a simple and easy way to do so.

Of course, those are no financial advice. 

Stability vs. Usability

All crypto will not escape from these two functionalities. Stability refers to finances. Whether you invest in crypto to hope it will hedge the future of currency crisis or hold crypto to believe there will have a value explosion in the coming years, it gives you a sense of the stability that you can have some control over.

On the other hand, usability is a token of utility that you have to use to for the blockchain to work. Whether you use it as a token in Metaverse of currency or a token to function the Web3 social media through tokens, you can use it as an incentive or an expense.

Other Categories

I do not want to expand further into categories crypto either through their types of utilities or blockchain simply because there are too confusing or no more meaningful than a casino chip for you to play a slot machine.

In Conclusion

I just want to simplify the crypto for beginners and help you navigate this complicated space.

Thinking it too late to buy Bitcoin? How about earning Bitcoin through daily spinning? Try Fold App here and start your Bitcoin earning journey with a free $2 to start!

Photo by Tim Graf on Unsplash

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto Research

Why Ethereum killers are killing themselves

Published

on

Ethereum killers are killing themselves!

ChatGPT described the Ethereum killer as:

Ethereum killers refer to other blockchain projects that aim to surpass Ethereum in terms of features and adoption. While there have been many projects that have attempted to do so, Ethereum remains one of the most widely used and well-established blockchain platforms. Additionally, Ethereum is continuously evolving and implementing new upgrades to its network, making it difficult for other projects to truly “kill” it. However, it is important to note that the crypto and blockchain space is highly competitive and constantly evolving, so it’s possible for new projects to gain traction and potentially challenge Ethereum’s dominance in the future.

But they missed several points.

When those killers market themselves are better choices, they forget the on-dock experience that allows developers to transit from one blockchain to another.

There is no way you can ask developers to abandon their existing projects and choose your blockchain with no reason simply it is faster, cheaper, and low fees.

Of course, multi-chain is one way to connect with other blockchains, but it still needs to have security without the chain to be hacked.

It is simply to risky to transfer from one chain to another.

Another factor is scalability.

It is too overrated. With the faster scalability, you are likely to die fast too.

There is no way to build a community with speed and hope people will stay there to root for you.

Photo by Mika Baumeister on Unsplash

Continue Reading

Crypto Research

Bitcoin is not efficient

Published

on

Bitcoin is not efficient as we thought before.

ChatGPT said that

Bitcoin is considered to be efficient in terms of its ability to facilitate fast and secure transactions without the need for intermediaries. Transactions on the Bitcoin network are verified by a decentralized network of users called “miners,” which eliminates the need for banks or other financial institutions to act as intermediaries. Additionally, the use of blockchain technology, which is the underlying technology of Bitcoin, ensures that transactions are recorded immutably and transparently.

The problem is when Bitcoin becomes hype, and miners increase their energy usage to mine out of Bitcoin, potentially diminishing the return of input energy.

That is likely to make the Bitcoin price plateau and no longer can function as it intends to be.

It is unlikely that when supply is limited, the value of Bitcoin will go infinity. Instead, Bitcoin price will plateau until the mining exhausts out, and transaction fees will increase until people can no longer afford it.

Bitcoin is not a money instrument but to measure opportunities.

Photo by Paul Skorupskas on Unsplash

Continue Reading

Crypto Research

Crypto whales are secretly dumping

Published

on

The bullish trend is up and continuing? No so fast!

ChatGPT defined crypto whale is:

A crypto whale is a term used to describe a person or entity that holds a large amount of cryptocurrency. These individuals or entities can have a significant impact on the market due to their ability to buy or sell large amounts of coins at once. They are also known to have the ability to manipulate the market in their favor.

The market sentiment is too optimistic about the bullish trend, indicating that investors are trying to recover 2022 losses as much as possible before it is too late.

Since institutional investors are hoarding more cashes to prepare the worst, crypto seems work at the best. 

However, whales are more cautious and unlikely to enter large positions until the economic indicators are clear.

The problem is that the market needs to include a critical point that the Fed still needs to do their increasing of the interest rate and dollar weakening is a short-term play.

The market will deteriorate faster than we expect to be. As a result, retail investors have to be very careful in managing their positions in crypto.

Whales are taking profits and patiently wait for another correction to come.

It will get worst before it gets better.

Photo by Todd Cravens on Unsplash

Continue Reading

Trending