The second-largest cryptocurrency in the market completed the switch from proof of work (PoW) to proof of stake (PoS) successfully. Although excitement during and immediately after the Merge, as the transition is also known, drove Ethereum to $1,643, the upswing was very fleeting, and prices quickly fell back below the $1,600 level.

With a market cap of over $177 billion and a 24-hour trading volume of $20.3 billion, down roughly 7 percent from the previous day, Ethereum is currently trading at $1,453. One particular chart makes the case that investors may have planned to sell their holdings before prices fell as a result of the Merge.

A rather cautious prediction would be that Ethereum's value will gradually increase but might not reach $5,000 in 2022 or 2023, possibly not even until 2024.

Don't invest more than you can afford to lose.

Avoid leveraged trading, read and do a lot of crypto research, buy Bitcoin using DCA (dollar cost averaging), make meaningful relationships with crypto enthusiasts, and avoid scams at all costs.

While it's a risky venture, investing during a bear market can be profitable as investors gradually gain confidence again and a new bull cycle sets in.

Staking your cryptocurrency to earn more cryptocurrency or other currency is a good way to earn while 'hodling' onto your cryptocurrency during a bear market.

Cryptocurrency that uses the proof-of-stake (PoS) model has become a more energy-efficient alternative to Bitcoin's original proof-of-work (PoW) model, so as you lock up part or all of your crypto to earn staking rewards, supply decreases over time, which is also directly proportional to the decrease in rewards over time.

An exchange takes a different approach to staking rewards. You stake their native token to earn other tokens when they are listed. Tokens such as SHIB, Floki, Matic, ADA, and others have been airdropped to their users so far.

As a result, it can be agreed that the supply of this [url=qdx.quidax.com]exchange token[/url] can only be reduced through the burning mechanism, and not necessarily through staking.

The best time frames for identifying trends and entry points vary according to the type of trade and holding period:

The 15-minute time frame is probably the most popular for day traders who are focusing on multiple cryptos throughout the day.

M30 is the best time frame for day traders to draw support and resistance, H4 and Daily for swing traders, and weekly and monthly for long-term traders.

Overall, a 1-hour chart for entry and a 4-hour chart for trend detection help a day trader.

According to Forbes,
The bear market in the S&P 500 was confirmed on June 13th 2022, but the market began its slide on January 3rd 2022. With this date as the start of the current official bear market, the average bear market of 289 days means that it would finish on October 19th, 2022.

How do you predict the end of the crypto bear market?
It's not easy to predict the end of a bear market or the bottom of the bottomless dip, as rebounding is usually a slow and unpredictable process that can be influenced by many external factors, such as:

- Economic growth
- Positive investor psychology
- Daily news and positive events

While it's a risky venture, investing during a bear market can be profitable as investors gradually gain confidence again and a new bull cycle sets in.

A crypto bear market occurs when there is about a 20% decline in the price of a cryptocurrency over an extended period of time. It is a considerable decline or decrease over a long period.

Signs of a crypto bear market?
A sharp decline or downward price movement can begin a bear market, where several investors believe prices will keep falling, leading to a downward spiral as they quickly sell off to prevent further losses. Others may include:

- Majority of investors are selling.
- Supply becomes greater than demand.
- Market confidence is at a low.
- 20% market drop in price over a period of time, resulting in a cumulative drop of over 50% within a few weeks.
- Capitulation Period, i.e., selling at a loss
- Negative talk about cryptocurrency, or FUD (Fear Uncertainty Doubt),
- Falling country's GDP or stock market.

What should you do during a crypto bear market?
Avoid leveraged trading, read and do a lot of crypto research, buy Bitcoin using DCA, make meaningful relationships with crypto enthusiasts and avoid scams at all costs.

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Send him a message and join his trading discussion group too.

DeMagneto:
For short term, SOLANA & CARDANO should be first on the list

In terms of risk, those three (BTC, ETH and USDT) are better than Solana and Cardano that could drop hooge percent once.

The significance of stable coins to the crypto market is not farfetched:

– During high volatility or range in the market, we mostly make sure to convert our volatile crypto assets to USDT, USDC, or BUSD to save them from devaluation.

– Apart from saving crypto from volatility, stablecoins help to facilitate trading, that is; buying Bitcoin and other cryptocurrencies, since most countries don't use crypto as legal tender yet.

Additionally, exchanges that do not support fiat trade directly will definitely support USDT and the rest of the stable coins.

Interestingly, 75% of existing cryptocurrencies are paired with USDT and other stable coins, a September 2021 report said. USDT and USDC are both regulated and under the radar of the US SEC and other financial regulators for safety and avoidance of money laundering or market manipulation.

Near Protocol is just like any other Ethereum killer. It, like Solana, uses Sharding technology, which makes it a strong competitor to Ethereum in terms of scalability.

However, the main issue with all Ethereum killers is safety, which Ethereum excels at.

Excitingly, unlike Solana, Near has yet to see significant growth, despite having great backers and developers working hard to make it a perfect Ethereum killer... I hope they succeed, especially now that the Ethereum merger will make Ethereum even better than before.

Near protocol is a better investment than Ethereum in terms of price because you can buy more units with more than Ethereum can offer..

Advise the person to start small.

Theoretically, there is no minimum amount that you need to invest in any cryptocurrency. Many exchange platforms allow the purchase of fractional amounts of crypto while also allowing you to deposit $1 at a time.

Meanwhile, not everyone kicks off their cryptocurrency journey with a capital as little as $1; some get their first capital from mining (cloud), airdrops, referral programs, and other niches such as crypto content creation, community moderators, and many more.

There are over 20 other ways to earn from cryptocurrency and then invest your proceeds for more future returns.

Yungbliss:
Is trading (investing) worth it?

Worth every penny spent. Renowned investor like Warren Buffet invest $10k in 1941, and that's now worth over $50, so it's every N100 or N100k spent.

When the corona virus emerged between 2019 and 2020, the Naira rate then increased from 360 NGN to 370 NGN, slowly increasing by 10 NGN. And it would take two weeks to open a dollar account for me and get a dollar card.

We were approaching the lockdown, but the difficulty of getting money in and out became a big concern. However, I remembered how to use my naira to buy other tokens on Quidax, and I saw that instead of buying an actual token, I could buy a dollar equivalent in crypto, which was sufficient for me.

Given that the value of USDT has doubled between 2020 and 2022, I believe it makes sense to buy USDT with Naira or other similar currencies over time and make money in the most passive way.

On advice to a crypto beginner, a sound first move is typically to find out: why they are interested in crypto.

Because, in order to truly understand, crypto has been portrayed in various ways, such as get-rich-quick schemes. Some people have even formed some binomials on Twitter where they send you messages to buy a coin, but the first thing to always do is to understand their rationale for entering and ensure that they have the correct understanding of what crypto is. It is not a get-rich-quick scheme.

So, my advice would be to look at cryptocurrency as a store of value, which brings us to one of the reasons why cryptocurrency exists.

Another piece of advice is to study and consider crypto projects, as a long-term investment, with the understanding that it is a high-risk asset class.

Trying to tell you the exact number of stable coins (over 1000) might be difficult because new stable coins are announced almost every day.

Many blockchains have their own stable coin, and stable coins have grown in popularity, particularly with DeFi, because you need a base coin to convert your coins to while trading.

However, common practice is that trusted exchanges, e.g., Quidax, have three <(USDT, BUSD and USDC)> or less stable coins listed. This is after the team has done extensive research to ensure that all of the coins listed do not fail over time, and the stable coins listed have met regulatory compliance, demonstrated dollar backing, and can withstand the test of time.

And as always, the advice is that you should do your own research. On that note, it's clear that Quidax's risk analysis is sound, and the likelihood of these projects failing is very low. This is why there are only three stable coins on a global exchange like Quidax.

BNB and QDX Token; BNB is quite popular already, being the token of one of the biggest cryptocurrency exchanges in the world. <QDX token>, on the other hand, is an Africa crypto exchange token, which is popularly known as the home of BEP-20 tokens and has a similar beginning as Binance's BNB. Most of the time, both cryptocurrencies move similarly.

BNB provides staking rewards, fee discounts, and many other benefits. In comparison, the QDX staking reward is exceptional — because the exchange has yet to unlock the fee discount and other usecases outlined in its roadmap, they instead offer rewards in other tokens.

The QDX token, which was launched in May 2021, has rewarded its holders with Matic, Shiba Inu, Floki Inu, Wakanda Inu, and Cardano's ADA.

>This is not financial advice; do what you must and invest wisely!

You do not really need a specific Bitcoin wallet. All you need is an online or offline storage that uses <hardware storage>. Decentralized exchanges like Trust wallet are secure options to consider..

Interestingly, crypto exchanges like Binance and Quidax store their users' digital currencies in a hardware wallet to prevent hacks and attacks from cybercriminals.

SAFU!

The significances of stable coins to the crypto market are not far fetched:

– During high volatility or ranging in the market, we mostly make sure to convert our volatile crypto assets to USDT or USDC or BUSD to save them from devaluation.

– Apart from saving crypto from volatility, stablecoins help to facilitate trading, that is; <buying Bitcoin> and other cryptocurrencies since most countries don't use crypto as legal tender yet.

Additionally, exchanges that do not support fiats trade directly, will definitely support USDT and the rest of the stable coins.

Interestingly, 75% existing cryptocurrencies are paired with USDT and other stable coins, a September 2021 report. USDT and USDC are both regulated and under the radar of the US SEC and other financial regulators for safety and avoidance of money laundering or market manipulation.

Why has Bitcoin started increasing in price again. Is-this-just-a-dead-cat-bounce?

What is a caul in cryptocurrency?

Can you use two different crypto wallets at the same time?

Crypto exchanges are similar to stock brokerages in that they allow users to buy, sell, trade, and even earn interest on cryptocurrencies. The best cryptocurrency exchanges provide a safe place to store your digital assets as well as an easy way to deposit funds and start trading.

The following are some of the best exchanges that will keep innovating and will most likely stand the test of time:

1. Quidax.com - Best suited to African or other countries, Best for Bitcoin, Best for Instant Swap, Best for Security, Best for Beginners, and Best for BEP-20 network.
2. Gemini - Best for Americans.
3. Binance - Best option for day trading.
4. MEXC Global - Best option for altcoins.

Many people are unsure whether to buy USDT on the Quidax Exchange or open a domiciliary account in a bank in order to protect their hard-earned Naira from the present day inflation. Meanwhile, stablecoins such as USDT have no additional fees for holding them; the other option is explored below:

All recommendations are welcome, cause I'm tired of Trust wallet

The bear market will be over once people have more stability in life and money for speculative asset class investment. If there is a large use case brought forward for everyday use, you may also experience a bulk run.

Unfortunately, given current market conditions, I do not see the criteria for either one of these to occur, coming to fruition any time soon. But maybe in a few years if inflation doesn't eat away at the middle class some more. The worst thing that could happen is the entering of large institutional investors which will just manipulate the crypto market with high leverage and deep pockets.

And like you said, Bitcoin is here to survive, which it must because buying Bitcoin [https://quidax.com/c/buy-bitcoin-nigeria/] in dip has never go wrong, never!

Someone should please educate us on How to keep safe...[b][/b]

CBN did not ban Cryptocurrency. They don’t have the capacity to do so. All they did was to tell banks not to process transactions from crypto exchanges. This was a challenge at the initial phase which made a good number of Crypto traders revert to the old way of buying and selling crypto-asset popularly known as Peer 2 Peer.

Most crypto exchanges in Nigeria have integrated the peer-to-peer feature in their platform where buyers and sellers meet and conduct transactions using the exchange as an escrow.

Personally, I fund my crypto wallet and also withdraw from my Crypto wallet using Quidax.

Quidax has an easy to use interface which is easy to navigate with a top notch support team.

Inorder to trade with Quidax P2P, you will be required to complete your level 3 verification.

For details on how to use Quidax P2P platform, click this :

https://blog.quidax.com/make-way-p2p-is-live-on-quidax/