₦airaland Forum

Everyone can agree that the best and cost effective way to build your portfolio with solid projects is to do DCA over time, and although there's a few things that have to be done right, like nailing your buy entries and, of course, actually having the funds to do it.

This strategy has it rewards, because if you continue to do this overtime, you's be able to even out your cost price and actually make profits, the trick is now finding ways to sort of automate your entries when an opprotunity presents itself, and also finding the funds to actually engage with the market.

There's so many reservations when it comes to Crypto, but we can all agree that it presents multiple profit options.

There's the somewhat cliche of buying and holding, but there's so many things you can do, you can stake, lend or farm for profits, join a DAO.

Trading is another very profitable option, the amount of people registering for the upcoming Bitget KCGI trading event, should suggest that people agree that it is profitable.

With Crypto you just need to find what works for you and ensure you do due dilligence before starting.

I'm usually a big fan of top brands in crypto showing support for rising projects, especially ones that offers really good innovations. There are a lot of examples right now, but off the top of my head, I can remember projects like the SOLX token with a focus on sustainable energy funding through decentralized solar investments

Or HYPER token that powers transactions, staking, and decentralized governance, or even projects like ICNT that enables access to enterprise-grade cloud services through a decentralized, cost-effective marketplace.

All of these are very good examples, and recently they've gotten support from household names in crypto either via incubation for the first two, or candybomb events for the last one.

All of this to say, that it's impressive that the right projects are being invested in, as it helps the ecosystem in general.

I came across another one of those projects that are doing work trying to solve the issues around data privacy, and it got me thinking about all the projects I've seen promise the exact same thing and even some that promises rewards for data provision.

But is this something that can realistically happen in crypto, can we actually achieve complete data privacy, no strings attached? Because at this point it is already even looking like we have centralized monopolies dominating Web3 infrastructure, and preventing true ownership of personal data.

Although to be fair we do have projects like AB with solutions that allows users to secure, control, and even monetize their personal data through cryptography, while also eliminating intermediaries, which helps to reduce transaction costs.

The issue is this one is not as popular as some of the other tokens out there, although I think the recent listing on a CEX like Bitget should help with that. Personally I'm just curious to see how crypto users apply the solution it provides in real life.

In recent time, there's been a lot of focus in the Solana ecosystem, every part of it is getting a lot of exposure including, its token, the projects that list on its chain and even stuff like staking, which is my favourite part in all of this.

Staking is really not a new topic for many of us here , but there are new approches to how we stake especially with solana. For example, when you convert SOL to BGSOL to and then stake that, or even outrightly buy BGSOL you not only get good APR, but even while staking your assets can still be utilized across the solana ecosystem.

Holders of BGSOL can still use their tokens in DeFi, compounding their earnings through lending, farming, or other strategies available out there, so it's like wining on both ends.

Solana is looking like a very big deal,especially with the amount of opportunities in the ecosystem.

Null

With the increasing technology and increase in projects in the crypto ecosystem, it can be a bit difficult to distinguish and decide the best one if you decide to invest. Well that is except you have access to all of the neccesary information and endless data on social media, news, or even market trend to make sense of it, but all of this can be very overwhelming.

The way I go about this is by keeping up with crypto news site Coin desk, Messari, Glassnode and Decrypt. I've seen a few also mention crypto centric solutions like Kaito with it's AI-powered InfoFi network that organizes and delivers some of the insights I mentioned earlier.

Although I have a feeling this one is trending now because of stuffs like the candybomb event on Bitget, so I'd like to wait a bit for the hype to die down to see if it can really be a long lasting solution.

The most important thing is finding what works, and I don't mind your inputs on the best options.

I remember hearing about the FTX collapse in 2022 and immediately I began to feel for the users on the platform, because something like that would be very difficult, they were basically stuck, and faced uncertainty over their lost funds.

And FTX is just one example, there are so many instances like these, and this is one of the reasons why it's important to ensure you do your due dilligence to make sure the platform you're using is safe and secure. To be fair you might not even know until is is too late, it's just important that you stay on guard all the time.

In all of this, the good thing, at least for victims of the FTX collapse is that there's a restructuring plan in motion for these guys, and there's a bit of hope, especially with stuffs like the Bitget’s exclusive giveaway that's helping FTX users get back on their feet with up to $2,500 in rewards when they submit proof of their compensation claim and depositing USDT on the exchange, giving them a way to start over.

I think stuff like this is important, because in this space we need to look out for each other, and ensure that we make the ecosystem a lot safer for everyone.

TMONK:
I am trying to find some good groups to talk about crypto projects where we need an ambassador based in Nigeria

Okay, just to be sure I understand you correctly, you need a group to talk about crypto projects or you need an ambassador based in Nigeria?

Unlike other restaking products, I didn't know about Solayer until recently, I only just started to hear about it, and that was even because I came across a launchpool for it on Bitget by chance.

This is unlike me, because when Ethereum users were introduced to EigenLayer, I was quicker to it, but in the end what matters is that at least now, Solana stakers now have access to restaking via Solayer.

I've seen a few people talk about speed and how fast its TPS is, compared to ETH and SOL, as it has a TPS of over 1,000,000 TPS, ensuring instant and cost-efficient transactions, but I think the big question is how big the restaking market is, especially in the Solana ecosystem, because no matter how good you think your product is, if you don't have a market for it, or in this case users, there's no point.

If you have been following the latest events around Crypto, you must have come across articles and post talking about some of the malpractices that a number of the top exchanges have been involved in.

I personally don't want to get into that, but if you want to read about it, you can check out the link here and read about it yourself, personally what I think is important is ensuring that we as users do not suffer from the consequences of their actions.

What this means is ensuring you become aware of some things to look out for before using an exchange, so you don't lose your assets to whatever they get caught up in. To start with, the most obvious one is when an exchange is usually prioritizing listing hypes over solid fundamentals which mostly leads to "pump and dump" cycles.

It's also not a good look if your exchange continues to ignores whistleblowers and refuses to address internal corruption. It just tells you it's not a platform you can trust, at least that's what I'd think if I noticed that my exchange does something like that.

You can also check for the sentiment that traders have about the exchange online, although it's usually not always accurate, it can be a good start.

In the end, it's just about doing your due diligence, and making sure that whichever platform you use, you've made sure your assets would be safe there.

If you have been foloowing the latest events around Crypto, you must have come across articles and post talking about some of the malpractices that a number of the top exchanges have been involved in.

I personally don't want to get into that, but if you want to read about it, you can check out the link here and read about it yourself, personally what I think is important is ensuring that we as users do not suffer from the consequences of their actions.

What this means is ensuring you become aware of some things to look out for before using an exchange, so you don't lose your assets to whatever they get caught up in. To start with, the most obvious one is when an exchange is usually prioritizing listing hypes over solid fundamentals which mostly leads to "pump and dump" cycles.

It's also not a good look if your exchange continues to ignores whistleblowers and refuses to address internal corruption. It just tells you it's not a platform you can trust, at least that's what I'd think if I noticed that my exchange does something like that.

You can also check for the sentiment that traders have about the exchange online, although it's usually not always accurate, it can be a good start.

In the end, it's just about doing your due diligence, and making sure that whichever platform you use, you've made sure your assets would be safe there.

Ennypop:
I know someone that does this pre listing trading well with profits.. how I lost his contact still marvels me

Yeah a lot of people do this, and from what I know it just requires timing. It also helps if your exchange usually pre lists for very good price, and that's why I'm even using Bitget exchange in the first place.

With the way the market is going at the moment, how long do you think this hype around memecoins, especially Solana memecoins, will last.

It's no longer news, everyone can see that since the beginning of the year, we've been getting so many projects from Solana and a lot of them have been doing so well, or at least benefitted a lot of people.

Some very good examples includes TRUMP, Fartcoin, or even WIF and it's no surprise that as a result of this there are new ones like UFD (Unicorn Fart Dust) getting a bit of hype, mostly because of its listing on exchanges like Bitget, and how it's looking to replicate the success of the coins I listed earlier.

But do you think we've reached the end of the pump, or would this continue for a while with more projects coming out and doing very well?

If you were on X today you might have come across Vine a project that recently got listed, and is getting a lot of exposure.
Not because it's a memecoin and people are trying to benefit off the hype, but because they announced that they'd be donating all the profits from the dev token to X because they are impressed by the work it's doing as regards free speech.

Personally, I think this is a big move especially because many people had their doubts about the project, although it's gotten more credibility since exchanges like Bitget and Binance has listed or announced listing.

It remains to be seen how well this meme coin would perform now that we know that it was a launched as a tribute to Vine, the video platform from years back.

I've always had the opinion that if you were going to do arbitrage trading, it can only be done for tokens or coins that are already listed, but I'm beginning to think it's not limited to those only.

A good example is the difference in Jambo's token on Bybit pre market ($1.2) and Bitget LaunchX (0.50), when the project eventually lists, people that were able to stake BGB and get it for 0,50 would gain more.

I'm not one you'd call an arbitrage expert, but if I'm able to find one example like this, think of how many other examples, experts would have found.

I know that over the years a lot of people have made good profits from trading or even holding coins like DOGE, SHIBA and even PEPE.

There are so many examples of these, but the question now is, can you rely them as part of your long term plans for profit, because it seems like every time there's a new one it gets a lot of exposure and then burn out really quick.

Yes there are some that are beyond hype, think of the the Shiba Inu ecosystem, evolving beyond memes, with $SHIB, $LEASH, and $BONE driving governance, staking, and utility, and even more recently, TREAT supporting key initiatives like Shibarium, SHIB metaverse and offering rewards, that's even besides the launchpool on Bitget others on kucoin.

I'd like to know if people consider projects like this a viable option, I mean the ones that are just beyond celebrity endorsement on X.

For some reason I'm just seeing your message, apologies for the delay.
First off, that screenshot is not from my account, there must have been some mixup somewhere. That said, if I'm to answer your question, what I'd say is that, like with every project, it's important that you do your own research, and if you're fine with whatever information you're able to gather, then you can go in.

I'd like to know the price update on the token you bought if you don't mind.

Personally I'm a big fan of gaming and GameFi, and by extension projects like XTER and even CEC.

At the moment though, I'm still keeping close tabs on the project, because on the one hand I'm very optimistic about the project's potential and how the market has been reacting to it.

But I also think it might be getting all this hype because of the numerous events around it, like the one where users are able to deposit XTER to get extra rewards.

Either way, it's getting a lot of exposure and that's very good for the project, let's see how this one goes.

I'm sure almost everyone has at one point or another heard how a big part of profitting in crypto is timing, but we really don't have a lot to go by when it comes to the best time to sell.

I've been looking at the price increase for BGB, and even BWB , which rose about 44%, although I don't hold BWB, I hold BGB and it's currently top 2 on CMC, and with about 60% ROI in the past 7 days and more than 360% in a month.

All of this makes it look like a good time to sell. I plan to hold long term but I also do not want to miss out on this run, is there a method for taking gradual profit in crypto?

I know exactly what you mean, and going through all of this can be very frustrating, but to be fair there's no guarantee that it would list for a very incredible price or something like that.

If you really want to be a part of the project, what I'd suggest is getting as many tokens as you can so that upon listing you get something valuable. Since you already mentioned Bitget, you can check out their community campaign where you can get 10k Toma or maybe their deposit event to get a share of 200k Toma.

Whichever one you choose, the idea is just so you get more tokens before it lists. I hope that the price is very good when it eventually get listed, at least for your sake.

Everytime I come across projects like Tomarket, or other ones from the telegram mini app genre one thing that comes to mind is adoption.
For all the sticks they get, we cannot deny the fact that for those who find the Web3 ecosystem intimidating, projects like Tomarket bridge the gap with familiar gaming mechanics.

What makes it better is that, unlike the traditional games, web3 games allow users to earn. Using our initial example, users are able to earn tokens through activities like farming, gaming, and leaderboard competitions.

You already know your reward is guaranteed, because the token $TOMA has hinted at listing on lots of exchanges including the one I currently use, and even exchanges like Bitget are putting out events for their users to get more of the tokens.

So increased adoption and profit potential, I think that's good enough for projects like that.

Web3 mini-games might not be dominating the spotlight like they were a few months ago, but it's hard to ignore the impact that they had especially with onboarding new users into web3 and gaming generally.

Even now, we still have projects MAJOR that is getting a lot of exposure in this market condition, and I think some of these exchanges are already picking up on these, which explains the amount of listing announcement we've got already.
https://www.bitget.com/spot/MAJORUSDT

For people that trade NFT, how effective is Magic Eden's aggregator as a solution for the time spent looking for the best price to get NFTs.

So far, everything I've seen on the internet suggests that they are able to consolidate listings, and ensure competitive pricing and basically efficient trading, but can anyone here validate this? https://www.bitget.com/pre-market

Also are there other options I can look at?

I've been in this space for a whie to notice that a good number of crypto projects try to create exposure for their tokens by building hype for it on social media, and relying on that for engagements with their token.

I'm a bit indifferent when it comes to how well this works, but what I know is that people prefer to engage with projects that have very good utilities.

One good example of this is PUFFER, the team behind it made it known that the project was going to reduce the threshold for ethereum staking from 32 ETH to as little as 1.

And I believe this is why a lot of people were very excited when Bitget announced the launchpool to stake either USDT or BGB for more PUFFER tokens. Personally, I'd suggest that more projects just work on providing real use cases instead of social media hooks and campaigns.

Although it looks like a lot of people are slowly moving away from tap to earn projects, the truth is there's always going to be new projects from that ecosystem every now and then and some of them might even do better than DOGS and even NOT.

I agree that a lot of the ones we have are a waste of time, but projects like X empire already have their tokens on Bitget premarket, which usually means listing is near.

I'm sure there are a lot more like these and I'd appreciate recommendations of similar projects with potential.

More than ever before, I've realised the importance of projects that facilitate good user experience when it comes to the topic of making web3 platforms go mainstream.

Many users often face difficulties when transferring assets across different blockchains, requiring them to manually switch networks and platforms, and this can take a toll, as many people are always looking for the easier option.

I believe if we had more projects like deBrige for example that allows users to deposit assets on one chain and borrow or stake on another, we could see more people engaging with web3.

A good example of the impressive utility can imapct a project's exposure is deBridge's growing pre market volume on Bitget.

I think data and identitiy control is the way to go for web3 and it's good to see that a lot of projects are providing innovations like that.

Personally, I'm a lot more interested in Commune AI token at the moment, do you think holding long term is a better option than selling what I currently have?

I was on Reddit, and someone mentioned that Bitget exchange had an event where their users can win a trip to Munich (Germany) for the oktoberfest.

I immediately remember how I use to see the Bayern Munich players taking pictures with the beer jug and the bavarian outfit, as a tradition during this event.

I decided I would also try my luck to see if I can win the trip, from what I've seen so far I just have to hit the net deposit requirement on the exchange.

I've never really won something like this before, and I have a good feeling about this one. Wish me luck guys.

I'm very big on trading bots, I recently started using them and I've been making good progress with them, I'd like to check this one out and see what it offers.
I already have a Bitget account, so this should be straight forward.

I don't know if there are a lot of traders here but if there are I'd like to know what you think about joining trading competitons.

My exchange Bitget, recently announced some kind of trading competition where you can trade and and get a share of $10,000, and I've seriously been considering this, especially because I need to improve my trading capital.

My issue now is that, I've not done something like this before, and I'd like to ask for tips from anyone here who has participated in something like this.

There's an appeal for web 3 games lately and it's mostly because you're able to get paid for playing.
Even the one you mentioned is listing today on Bitget, meaning everyone that is playing the last memories game and earned the $Geek token would be able to sell it for profit.