₦airaland Forum

Currently, there are over 20,000 cryptocurrencies on the market. Most people consider it a long-term investment, while some have get-rich-quick views. However, the recent freefall in cryptocurrency prices shows that investing in cryptocurrencies is risky.

These are the top three cryptocurrencies that may be worth investing in 2022:

• Bitcoin (BTC)

Many businesses already accept bitcoin as payment, making it an excellent investment. Bitcoin is used by Visa, Stripe, Tesla, and over 10,000 online stores, to name a few. The price of bitcoin is another reason to reconsider investing in it. A BTC costs about $19,790 at the moment, and it can also be purchased in smaller units.

• Ethereum (ETH)

Ethereum is a network that allows developers to create their own cryptocurrency and use it to deploy smart contracts. While Ethereum is far behind bitcoin in terms of value, it is also far ahead of its competitors, despite the fact that it was released years after some other cryptocurrencies.

• Tether (USDT)

Tether is a stable coin whose value is linked to the US dollar. In layman's terms, a Tether token is always $1. We are all aware that the cryptocurrency market is extremely volatile. As prices fluctuate, you can lose money in a matter of seconds. Tether, on the other hand, is a coin that can withstand price fluctuations.

Also, did you know that Tether can be used to protect your cryptocurrency during periods of high volatility? For example, if you buy bitcoins and the market becomes volatile, you can exchange them for USDT to protect and store their value.

Web3 projects are permissionless and decentralized. They do not necessarily require the user's or developer's trust. They do not steal value, but rather reward for participation, growth, and engagement.

The top two web 3.0 cryptocurrencies that could replace traditional web (1.0 and 2.0) in the future are:

1. Chainlink - LINK is a blockchain abstraction layer that enables smart contracts to be universally connected.

2. Filecoin - FIL is a decentralized storage network that can be used as a secure alternative to centralized cloud storage as well as a passive income source.

There are numerous ways to invest in cryptocurrency without directly purchasing or holding it, including options trading, futures contracts, exchange traded funds (ETFs), purchasing shares of companies that hold cryptocurrencies in their coffers, and so on.

You might want to look into other ways to invest in cryptocurrency without purchasing and holding:

- Top 20 methods to make money from crypto - https://blog.quidax.com/how-to-make-money-from-crypto/

- 8 crypto trading strategies that works - https://blog.quidax.com/8-crypto-trading-strategies-that-work/

If they're not listed on Trading view yet, then you can easily view their live charts on exchanges that have listed them.

Exchanges such as Binance, Quidax, etc, have orderbooks for each of their listed token and coin.

You can also view updated price on Crypto data aggregators such as Coingecko or Coinmarketcap.

Currently, there are over 20,000 cryptocurrencies on the market. Most people consider it a long-term investment, while some have get-rich-quick views. However, the recent freefall in cryptocurrency prices shows that investing in cryptocurrencies is risky.

These are the top three cryptocurrencies that may be worth investing in 2022:

Bitcoin (BTC)
Many businesses already accept bitcoin as payment, making it an excellent investment. Bitcoin is used by Visa, Stripe, Tesla, and over 10,000 online stores, to name a few. The price of bitcoin is another reason to reconsider investing in it. A BTC costs about $20,000 at the moment, and it can also be purchased in smaller units.

Ethereum (ETH)
Ethereum is a network that allows developers to create their own cryptocurrency and use it to deploy smart contracts. While Ethereum is far behind bitcoin in terms of value, it is also far ahead of its competitors, despite the fact that it was released years after some other cryptocurrencies.

Tether (USDT)
Tether is a stable coin whose value is linked to the US dollar. In layman's terms, a Tether token is always $1. We are all aware that the cryptocurrency market is extremely volatile. As prices fluctuate, you can lose money in a matter of seconds. Tether, on the other hand, is a coin that can withstand price fluctuations.

Also, did you know that Tether can be used to protect your cryptocurrency during periods of high volatility? For example, if you buy bitcoins and the market becomes volatile, you can exchange them for USDT to protect and store their value.

Samken2:
How can I invest in startups
How can I get along on yeild farming
And I need to know cheapest crytocurrencies on the market to purchase

All answers to your question at https://www.quidax.com, you'll be able to join their Telegram community to follow up on latest updates about crypto, lessons, giveaways and cheapest cryptocurrencies to buy especially during the dip.

CryptoGuide:
In my opinion, the best advise to give to a newbie in crypto who is interested only in making money off it is... Find yourself someone very experienced to guide you on your investment journey. It takes years to have a full understanding of how the market actually works.

I spend several hours daily doing crypto researches and yet I made my first millions (naira) in crypto after 4 years of actively being involved with crypto. If I had someone to guide me in the right direction then, I could have made the millions after only 4 months I joined the crypto space.

Bottom line is...

It takes years to understand how the market works, and if you're only interested in the money that can be made off crypto, why not just find someone experienced that'd show you the way and let's you avoid all the mistakes beginner investors makes that prevents them from making money.

If you ever need a professional crypto guide from me (with about 6 years of experience in the crypto market), message the Crypto Guide Academy via 0 8 1 3 0 2 9 7 4 8 7

Why contacting a guide that will charge when you can learn it for free and even get certificate - https://blog.quidax.com/quidax-academy-beginner-crypto-course/

The most common way to profit from NFTs is to sell them on NFT-specific marketplaces such as OpenSea, SuperRare, Rarible, and others.

How do NFTs differ from regular cryptocurrencies?

• Cryptocurrencies and NFTs are both built on blockchains, but that is about all they have in common.

• Cryptocurrencies are fungible, which means they can be exchanged for one another. Nowadays, you can even exchange Bitcoin for Ethereum and get the same value.

• You cannot exchange one NFT for another and obtain the same value. NFTs are one-of-a-kind, and you can only sell one at a specific price if someone else is willing to buy it.

Some interesting facts about NFTs can be found <here>. The top 20 methods to make money from cryptocurrency can be found <here>.

Theoretically, it takes only a few dollars to invest in cryptocurrency. Most crypto exchanges, for example, have a minimum trade that might be $5 or $10. Other <crypto trading apps> might have a minimum that's even as low as $1.

You can choose a trading plan, especially a recurrent buy weekly or monthly, as long as it’s suitable to your taste based on your earnings.

Also, the purpose of investing in cryptocurrency is for future profits or for financial inclusion, so you need to choose and adopt a crypto trading strategy that works, could be short-term or long-term plans, or as desired.

Satoshi is the smallest denomination of Bitcoin. 1 Satoshi = 0.0000000001 BTC. But, the cheapest cryptocurrencies to buy right now include:

1. Stellar coin 'XLM', currently trading at $…
2. Quidax token 'QDX’, currently trading at $…
3. Harmony token 'ONE’, currently trading at $…
4. Floki Inu, currently trading at $…
5. BabyDoge coin, [url=app.quidax.com/markets/babydogeusdt]currently trading at $…[/url]

Check out the following five affordable crypto options if you're ready to invest. They are some of the best cryptocurrencies to invest in in 2022.

Polygon is a secondary scaling solution on the Ethereum blockchain. Though its compatibility isn’t the same as native Ethereum tokens, there are some features you lose when switching from the main Ethereum network to other compatible networks.

The most obvious is security. In terms of computing power, Ethereum is stable, secure, and <may soon become cheaper>. But we can’t say the same for MATIC or similar tokens that have already been vulnerable to hacks and scams.

When you transact on a blockchain, you want your transactions to be final. And Bitcoin and Ethereum are the only cryptocurrencies that guarantee this.

Hence, the very same reason why multibillion-dollar corporations do not relocate to third-world countries with low tax rates, few to no operating restrictions, and little to no government intervention. And this is why ERC-20 tokens haven’t moved to other Ethereum-compatible blockchains for lower fees.

No matter what you’re investing in, diversification lowers risks, ensures returns, and aids in long-term portfolio performance. In other words, when you spread your funds across different cryptocurrencies like BTC and others like Ethereum's ETH and Quidax's <QDX token>, you’ll mitigate investment risks.

Diversification remains one of the best ways to limit risk and maintain growth in the same investment portfolio.

Use these seven strategies to diversify your crypto portfolio:
* Buy cryptocurrencies with different use cases.
* Invest in different cryptocurrencies.
* Diversify by market capitalization.
* Diversify crypto projects by location.
* Invest in different industries.
* Branch out to different asset classes.

Before investing, it is crucial for investors, particularly those who are new to cryptocurrencies, to gain an understanding of how the cryptocurrency world works.

Many will not stop talking about the volatility in the cryptocurrency space, forgetting that there are other benefits, such as hedging against inflation or diversifying your investment portfolio to avoid putting all of your eggs in one basket.

Thus, the best advice for beginners who want to start trading cryptocurrency is to start small and only use money that you can afford to lose.

Another sure way to get started is to take a <short beginner's course> that will give you a quick walkthrough on what crypto is all about - I'd rather make this mandatory if I were to decide for the entire world because it's nothing more than a general literacy class that will allow you to sail smoothly when furthering.

RosyIsBlessed:
Hello guys, I was given e-gift card that can be used on various platforms including Amazon and Google play. I want to sell it.

Are there buyers of gift cards on nairaland?

Can anyone make suggestion of legit buyer of e-gift card?

Send a DM to 2349080719665 on WhatsApp.

Investors can use both cryptocurrencies and stocks to build wealth. However, investing in stocks is not the same as investing in cryptocurrency. Unlike stocks, investing in cryptocurrency does not entail ownership of a company's stock. Dividends are not paid to crypto investors in the traditional sense.

Meanwhile, the above statement does not apply to crypto that behaves like stock, such as Binance's BNB, Quidax's <QDX token>, Coinbase's COIN, and many other exchange tokens, because many of these token holders are typically rewarded with staking bonuses or fee discounts in the form of dividends.

So, yes, you can invest in cryptocurrencies-like stocks.

On this blog page, you can get a sneak peek at what the QDX token is all about, to make it look like a cryptocurrency-like stock.

Let cryptocurrency = Tether's USDT or Circle's USDC or Binance's BUSD || And fiat currency = USD or Euro.

One of the advantages of USDT over USD is that it shortens the access time and period. Depending on your location, obtaining USD may necessitate visiting your bank and spending valuable time filling out forms especially in some FX scarcity countries such as in the West African countries like Nigeria. However, with USDT, you can exchange your local currency for it and complete the transaction in as little as 5 minutes instead of waiting for nearly 5 business days for fiat USD to get to the recipient.

2. Another advantage that USDT has over USD is that it crosses borders. Because USDT is a digital currency, it is accepted by organizations and individuals who support cryptocurrency, such as from Quidax.com to Binance or from Coinbase to Binance.US exchange platforms. While USD is restricted to countries where it is legal tender, USDT has a much broader borderless reach.

3. Stablecoins aren't like traditional money minters or printers. In this regard, they differ from fiats such as the Naira, USD, and other crypto assets. However, they are the most dependable and least volatile assets.

4. Still using Nigeria as a case study;
The lower-tier “Dom account” requires a minimum of $100 for opening and a 1% charge when withdrawing cash inflows. Most banks offering domiciliary accounts issue debit cards denominated in foreign currencies as mentioned above. The CBN sets a $10 charge per annum as maintenance fee, meanwhile USDT/USDC/BUSD are $1 minimum to get started and no maintenance fee whatsoever.

5. Transaction fee remains constant at 1.5USD on an Africa Exchange platform such as Quidax for USDT or USDC or BUSD while that of fiat USD in all of the commercial banks is 5USD or more.

I hope I’ve been able to do justice to the question, “Why is it better to hold cryptocurrencies like USDT over fiat currencies like USD or EUR?”

ukboi:
so how do you change your Usdt to usd cash when ready to use?

Just withdraw the Naira your Piggy bank account and convert to USD cash.

Remember that the overall markets, including the stock market, are currently in a state of uncertainty, despite the fact that US inflation has been reduced to zero, which is good news.

According to the majority of crypto analysts, the "just-cooling-off" bloodbath has been primarily driven by the Fed-induced rate hike, over-leveraged crypto firms, and miners being forced to offload their holdings when their lost-in-value collaterals were at risk of liquidation.

Fortunately, Bitcoin and other ALTs (alternative cryptos) - are now enjoying a relief rally, as there is more positive news in the market, particularly the rumored fact that the Feds would need to print more money into the market right now to ease economic tensions, and the Ethereum merge update due for September, 2022.

Short TA: BTC is currently trading at $23,948 after reaching a local high of $24,915 the day before, and a buy or recurrent buy between $23,500 and $21,150 is the best way to reward yourself while aiming for a move beyond $27,000 to $30,000 in the short term.

Is this just a dead cat bounce? No, true Believers are still hodling and thus accounts for 77% of BTC total supply.
> UPDATE - Feds actually injected a new $6.3 trillion. Satoshi will do justice to that.

You must have misheard, but there is no word such as “caul” in cryptocurrency.

Join this crypto enthusiast <community> to learn more interesting words such as:

FOMO - Fear of missing out

HODL - Hold on for dear life

DIP - state of red or low crypto prices

WAGMI - We all gonna make it

and many others.

Yes, very well.

I currently use Quidax.com and Binance.US because of low fees, security, and most importantly for comparing prices before making trading decision. You should definitely give Quidax a trial, it’s more available globally than the latter.

Truth be told!
You won't be able to fund them with Dollars here in Nigeria except buying from Hausa BDC operators because Dollar is scarce and these people can only sell a max of $5000 per day to one person.

Meanwhile, you can buy USDT (a stable coin pegged to the value of 1 dollar) on a [url=Quidax.com]<crypto exchange>[/url] that support unlimited Naira funding. Simply say no to stress abeg

Always will be.
Inflation and interest rates, profit taking inclusively, have caused cryptocurrency to keep falling alongside stocks and shares as investors reduce their risk tolerance.

As a result, if you're currently invested in bitcoin or other ALTs, you should probably hold on to your hat for the time being. However, if you're waiting for bitcoin to recover, you may need to be patient.

Cryptocurrency trading or investing is a highly volatile asset category. If you're willing to take the risk, make sure you understand what you're doing and have a crypto investment strategy in place.

Also, make certain that you are not investing solely out of a fear of missing out (FOMO).

The simplest, most convenient way to buy things online with Bitcoin or another digital currency is through a cryptocurrency debit card. These cards - which users can obtain from major cryptocurrency exchanges and providers - also allow users to withdraw cash from crypto ATMs.

If you live in a country where cryptocurrency is not yet legal tender, buying products online with crypto will be difficult. Interestingly, top exchanges, including Binance and Quidax, allow you to convert your Bitcoin or other cryptocurrency to fiat. You can then withdraw it to your local bank account to pay for the things you want with real cash.

The Quidax app is available on <Google Playstore> and the <ios App store> to help you carry out crypto transactions with ease.

Cryptocurrency is a global phenomenon today, but there's still much to learn about the technology. Numerous concerns and worries surround cryptocurrency and its potential to challenge traditional currencies, but its market cap is noteworthy.

The total cryptocurrency market cap was about $300 billion in March 2020, which increased to over $1.77 trillion the following year. Then, in October 2021, the total crypto market significantly moved towards $3 trillion.

In October 2021, the total crypto market cap increased by 900% in less than two years, and it is currently down 66.7% from its all-time high of $3 trillion - thanks to the crypto winter.

Past results do not always guarantee future performances. But, if the existing crypto market cap history is anything to go by, we may see another 500% increase in the next 3 - 5 years - putting the total market cap at $5 trillion. Similarly, 1 BTC and 1 ETH will be worth about $100k and $8,500, respectively.

Continue with this <link> to learn how to analyze the crypto market like an expert.

The most common way to make money from crypto is by buying and hodling digital currencies. But did you know that there are more than 10 proven ways to earn money with cryptocurrency? Some of them even involve little to no capital!

1. Top 20 methods to make money from crypto - https://blog.quidax.com/how-to-make-money-from-crypto/

2. How to earn Bitcoins for free - https://www.quora.com/profile/Larynx-Hedon/How-do-I-earn-Bitcoins-for-free?ch=10&oid=77236283&share=1c190830&srid=XYzvF&target_type=post

You can learn how to make money from crypto from the links above.

Yes, it's one of the first things you should do after opening a new crypto wallet in a centralized or hybrid exchange: prove you're a real human and get to know you better (KYC) as a valued customer.

Verifying identities is also important for preventing money laundering and other financial-related crimes, such as human and hard drug trafficking.

However, many people believed that identity verification could be decentralized after all; read on for more information: https://www.quora.com/Can-the-KYC-Know-Your-Customers-process-be-decentralized/answer/Larynx-Hedon?ch=10&oid=372069822&share=cf880d4d&srid=XYzvF&target_type=answer

A hard fork occurs when a blockchain deviates into different chains that operate under different rules than the existing chains. A hard fork typically requires users to choose between continuing an existing chain or starting a new one.

This was true for Bitcoin and Bitcoin Cash, and thus for Bitcoin Cash and Bitcoin SV. When the Bitcoin Cash fork was created, Bitcoin holders received one “free” BCH (Bitcoin Cash) for each BTC (Bitcoin) they owned. However, not every fork results in "free coins" for cryptocurrency owners.

Learn more about <blockchain forks> and the two types that exist.

Investing in cryptocurrencies can be a wild ride. To maximize your chances of deserving profit, consider not only when to buy but also when to sell cryptocurrency.

When investing in stocks, a good rule of thumb is to buy and hold for 5 years. Similarly, crypto hodlers have been consistently profitable for at least four years due to Bitcoin's halving, all in accordance with past results.

Most importantly, remember to have an exit and entry strategy - always set a target, which could be 20% or more, depending on your risk tolerance. If the target is met within a few days, it is best to sell rather than wait four years later when the market outlook may have changed.

Furthermore, joining a community of cryptocurrency enthusiasts and investors (such as QuidaxGlobal on Telegram) will allow you to keep proper track of your holding period when conversing with people who share your interests.

Quidax App, a Bitcoin exchange wallet, allows you to store withdrawn Bitcoins from Coinbase or any other trading apps, allowing you to convert your cryptos to Naira currency and then withdraw to your local bank account.

You can open a free account on https://www.quidax.com or download the Quidax app on playstore or iOS store.

Stocks and other investment categories are also suffering at the moment. The overall markets are currently in a state of uncertainty as evident on the S&P 500 index, may be due to the recession in the US even though it's not official, or as many other things in our post-pandemic world, there is more to the story.

The ongoing crypto indecisive state, according to the majority of crypto analysts, has been primarily driven by the Fed-induced rate hike, over-leveraged crypto firms, and miners being forced to offload their holdings when their lost-in-value collaterals were at risk of liquidation.

Fortunately, Bitcoin and its ALTs — alternative cryptocurrencies — are now enjoying a relief rally, as there is more positive news in the market, particularly the rumoured fact that the Feds would have to step in and print more money into the market right now to ease economic tension.

Is this just a dead cat bounce? No, true Believers are Holding and thus accounts for 77% of BTC total supply.

Source: https://www.quora.com/profile/Larynx-Hedon/Why-has-Bitcoin-started-increasing-in-price-again-Is-this-just-a-dead-cat-bounce?ch=10&oid=76984581&share=ad18e48d&srid=XYzvF&target_type=post

Certainly, all of the 600+ existing crypto exchanges allow you to buy as many cryptos as you want depending on your capital and their minimum purchase amount.

Most cryptocurrency exchanges set their minimum trading amount at $10, with some at $5, and this does not include financial inclusion, which is especially important for countries with inflated currencies like Venezuela, Nigeria, and others.

However, one of the largest Africa crypto exchanges, Quidax – Your Crypto Buddy, allows you to trade with as little as $0.1, which means you can buy ten cryptos for a single dollar — this is nothing but financial inclusion and adoption. You can even purchase up to $300,000 through an OTC portal on their website..

To summarize it all, even if you can't afford to buy a single Bitcoin, you can get a taste of financial freedom by purchasing a few Satoshi's (BTC) worth of less than N500 and multiple cryptos in the same way.